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Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2024

Repossessed Assets [Abstract]

Summary of Activity in Balance of Real Estate Owned

A summary of the activity in the balance of real estate owned follows:

			Year ended December 31,
(in thousands)			2024						2023
Beginning balance, net			$	2,705					$	3,439
Additions/transfers from loans			682						155
Dispositions/sales			(359)						(206)
Valuation adjustments			(242)						(683)
Ending balance, net			$	2,786					$	2,705
Ending valuation allowance			$	(717)					$	(739)
Ending number of foreclosed assets			10						9
Proceeds from sale of real estate owned			$	351					$	224
Gain (loss) on sale of real estate owned			$	(8)					$	18

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- Definition

Repossessed Assets

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No definition available.

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- Definition

Summary of the activity in the balance of foreclosed assets.

+ References

No definition available.

+ Details

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