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FORECLOSED REAL ESTATE | 12 Months Ended
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Dec. 31, 2023
Other Real Estate [Abstract] |
FORECLOSED REAL ESTATE | FORECLOSED REAL ESTATE The following table presents the activity related to foreclosed real estate for 2023, 2022 and 2021:
|  |  | Year Ended December 31,
|  |  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  |  | (In thousands)
Balance at beginning of year |  |  |  |  | $ | 11,214 |  |  | $ | 15,039 |  |  | $ | 11,596 |
Additions |  |  |  |  | 10,216 |  |  | 7,872 |  |  | 18,221 |
Sales |  |  |  |  | (13,880) |  |  | (16,855) |  |  | (14,758) |
Decline in value |  |  |  |  | (1,152) |  |  | (1,256) |  |  | (1,450) |
Other adjustments |  |  |  |  | 4,382 |  |  | 6,414 |  |  | 1,430 |
Balance at end of year |  |  |  |  | $ | 10,780 |  |  | $ | 11,214 |  |  | $ | 15,039 |

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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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