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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 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:
| September 30, 2024 |  | December 31, 2023
Residential real estate | $ | 2,774 |  |  | $ | 1,211 |
Commercial real estate | 6,336 |  |  | 8,407 |
Residential land development | 19 |  |  | 4 |
Commercial land development | 7 |  |  | — |
Total | $ | 9,136 |  |  | $ | 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 | 3,286 |
Impairments | (67) |
Dispositions | (1,323) |
Other | (2,382) |
Balance at September 30, 2024 | $ | 9,136 |
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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Repairs and maintenance | $ | 62 |  |  | $ | 51 |  |  | $ | 273 |  |  | $ | 95 |
Property taxes and insurance | 24 |  |  | 20 |  |  | 76 |  |  | 142 |
Impairments | — |  |  | 10 |  |  | 67 |  |  | 18 |
Net gains on OREO sales | (28) |  |  | (200) |  |  | (143) |  |  | (289) |
Rental income | (2) |  |  | (1) |  |  | (5) |  |  | (5) |
Total | $ | 56 |  |  | $ | (120) |  |  | $ | 268 |  |  | $ | (39) |

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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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