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FORECLOSED REAL ESTATE

12 Months Ended

Dec. 31, 2022

Other Real Estate [Abstract]

FORECLOSED REAL ESTATE

FORECLOSED REAL ESTATE

The following table presents the activity related to foreclosed real estate for 2022, 2021 and 2020:

									Year Ended December 31,
															2022						2021						2020
															(In thousands)
Balance at beginning of year															$	15,039					$	11,596					$	29,909
Additions															7,872						18,221						3,654
Sales															(16,855)						(14,758)						(18,521)
Decline in value															(1,256)						(1,450)						(2,489)
Other adjustments															6,414						1,430						(957)
Balance at end of year															$	11,214					$	15,039					$	11,596

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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 https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522

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