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FORECLOSED REAL ESTATE

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024:

			Quarter Ended March 31,
			2025						2024
			(In thousands)
Balance at beginning of period			$	4,002					$	10,780
Additions			557						1,345
Sales			(695)						(1,826)
Decline in value			(122)						(170)
Other adjustments			529						721
Balance at end of period			$	4,271					$	10,850

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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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