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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2021
Real Estate [Abstract]  
Change in Other Real Estate Owned

The following table presents the change in other real estate owned (“OREO”) for the three and nine months ended September 30, 2021 and 2020:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Beginning balance

 

$

4,417

 

 

$

8,652

 

 

$

6,350

 

 

$

9,896

 

Net additions to OREO

 

 

 

 

 

41

 

 

 

436

 

 

 

127

 

Proceeds from sales of OREO

 

 

(1,498

)

 

 

(224

)

 

 

(2,998

)

 

 

(874

)

Gains (losses) on sales of OREO

 

 

114

 

 

 

(41

)

 

 

133

 

 

 

44

 

Valuation adjustments

 

 

 

 

 

(278

)

 

 

(888

)

 

 

(1,043

)

   Ending balance

 

$

3,033

 

 

$

8,150

 

 

$

3,033

 

 

$

8,150