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Other Real Estate Owned
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Other Real Estate Owned Other real estate owned
The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at the lower of the carrying amount of the underlying loan or the fair value of the real estate less costs to sell. The following table summarizes the other real estate owned for the three months ended March 31, 2024 and 2023: 
Three Months Ended March 31,
 20242023
Balance at beginning of period$3,192 $5,794 
Transfers from loans753 235 
Proceeds from sale of other real estate owned(389)(2,031)
Gain on sale of other real estate owned57 87 
Balance at end of period$3,613 $4,085 
Included within the other real estate owned balance above, foreclosed residential real estate properties totaled $2,344 and $2,414 as of March 31, 2024 and December 31, 2023, respectively.
The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $4,330 and $3,377 as of March 31, 2024 and December 31, 2023, respectively.