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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2025
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:
| March 31, 2025 |  | December 31, 2024
Residential real estate | $ | 3,160 |  |  | $ | 2,966 |
Commercial real estate | 5,468 |  |  | 5,681 |
Residential land development | 19 |  |  | 19 |
Commercial land development | 7 |  |  | 7 |
Total | $ | 8,654 |  |  | $ | 8,673 |
Schedule of Changes in Company’s OREO | Changes in the Company’s OREO were as follows:
| Total OREO
Balance at January 1, 2025 | $ | 8,673 |
Transfers of loans | 1,296 |
Impairments | (564) |
Dispositions | (744) |
Other | (7) |
Balance at March 31, 2025 | $ | 8,654 |
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 |  |
| March 31, |  |
| 2025 |  | 2024 |  |  |  |
Repairs and maintenance | $ | 74 |  |  | $ | 64 |  |  |  |  |
Property taxes and insurance | 49 |  |  | 29 |  |  |  |  |
Impairments | 564 |  |  | 28 |  |  |  |  |
Net gains on OREO sales | (2) |  |  | (13) |  |  |  |  |
Rental income | — |  |  | (1) |  |  |  |  |
Total | $ | 685 |  |  | $ | 107 |  |  |  |  |

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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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