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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2024
Other Real Estate Owned  
Other Real Estate Owned

Note 7 Other Real Estate Owned

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A summary of the activity in other real estate owned (“OREO”) during the three months ended March 31, 2024 and 2023 is as follows:

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​

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For the three months ended March 31, 

​

2024

​

2023

Beginning balance

$

4,088

    

$

3,731

Impairments

 

—

​

 

(13)

Sales

 

(24)

​

 

(260)

Ending balance

$

4,064

​

$

3,458

​

During the three months ended March 31, 2024 and 2023, the Company sold OREO properties with net book balances of $24 thousand and $0.3 million, respectively. Sales of OREO properties resulted in net OREO losses of $2 thousand and $11 thousand, which were included within other non-interest expense in the consolidated statements of operations for the three months ended March 31, 2024 and 2023, respectively.