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FORECLOSED REAL ESTATE

3 Months Ended

Mar. 31, 2023

Other Real Estate [Abstract]

FORECLOSED REAL ESTATE

FORECLOSED REAL ESTATE

The following table presents the activity related to foreclosed real estate for the quarters ended March 31, 2023 and 2022:

			Quarter Ended March 31,
			2023						2022
			(In thousands)
Balance at beginning of period			$	11,214					$	15,039
Additions			1,438						3,180
Sales			(3,581)						(3,807)
Decline in value			(127)						(195)
Other adjustments			306						1,080
Balance at end of period			$	9,250					$	15,297

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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
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481990/310-10-45-3

+ Details

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