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Other Real Estate Owned and Other Repossessed Assets (Tables)
12 Months Ended
Dec. 31, 2021
Other Real Estate Owned and Other Repossessed Assets  
Summary of OREO and other repossessed assets Balances

    

As of December 31, 

    

2021

    

2020

OREO

Commercial

 

$

2,839

    

$

4,206

Residential

    

235

    

364

Total OREO

3,074

4,570

Other repossessed assets

 

1,342

 

1

OREO and other repossessed assets

$

4,416

$

4,571

Summary of activity related to OREO and other repossessed assets

The following table summarizes activity related to OREO and other repossessed assets (dollars in thousands):

    

As of and for the Years Ended December 31, 

    

2021

    

2020

Changes in OREO and other repossessed assets

 

OREO and other repossessed assets beginning balance

    

$

4,571

    

$

3,057

Additions, transfers from loans

 

1,610

 

2,867

Sales

 

(1,721)

 

(1,282)

Cash payments collected

 

(43)

 

(3)

Impairment of OREO and other repossessed assets

(1)

(68)

OREO and other repossessed assets ending balance

$

4,416

$

4,571