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FORECLOSED REAL ESTATE

12 Months Ended

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.

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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

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