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Foreclosed Real Estate

3 Months Ended

Mar. 31, 2021

Foreclosed Real Estate [Abstract]

Foreclosed Real Estate

NOTE 6 — FORECLOSED REAL ESTATE

The following tables present the activity related to foreclosed real estate for the quarters ended March 31, 2021 and 2020:

	Quarter Ended March 31,
	2021			2020
	(In thousands)
Balance at beginning of period	$	11,596		$	29,909
Additions		6,637			1,900
Sales		(2,423)			(3,967)
Decline in value		(212)			(550)
Balance at end of period	$	15,598		$	27,292

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121593590&loc=d3e4437-111522

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