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Other Real Estate Owned (Tables) | 6 Months Ended
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Jun. 30, 2024
Real Estate [Abstract] |
Schedule of Other Real Estate Owned (OREO) Covered and Not Covered Under a Loss-Share Agreement, Net of Valuation Allowances and Direct Write-Downs | The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented:
| June 30, 2024 |  | December 31, 2023
Residential real estate | $ | 1,004 |  |  | $ | 1,211 |
Commercial real estate | 6,336 |  |  | 8,407 |
Residential land development | 19 |  |  | 4 |
Commercial land development | 7 |  |  | — |
Total | $ | 7,366 |  |  | $ | 9,622 |
Schedule of Changes in Company’s OREO | Changes in the Company’s OREO were as follows:
| Total OREO
Balance at January 1, 2024 | $ | 9,622 |
Transfers of loans | 1,135 |
Impairments | (67) |
Dispositions | (1,052) |
Other | (2,272) |
Balance at June 30, 2024 | $ | 7,366 |
Schedule of Components of OREO in the Consolidated Statements of Income | Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Repairs and maintenance | $ | 147 |  |  | $ | 28 |  |  | $ | 211 |  |  | $ | 44 |
Property taxes and insurance | 23 |  |  | 11 |  |  | 52 |  |  | 122 |
Impairments | 39 |  |  | 8 |  |  | 67 |  |  | 8 |
Net (gains) losses on OREO sales | (102) |  |  | 6 |  |  | (115) |  |  | (89) |
Rental income | (2) |  |  | (2) |  |  | (3) |  |  | (4) |
Total | $ | 105 |  |  | $ | 51 |  |  | $ | 212 |  |  | $ | 81 |

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- Definition Components of other real estate owned in the consolidated statements of income. + References No definition available. + Details
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- Definition Other Real Estate Owned. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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- References No definition available. + Details
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