XML 28 R15.htm IDEA: XBRL DOCUMENT
v3.22.4

Other Real Estate Owned | 12 Months Ended
--- | ---
Dec. 31, 2022
Other Real Estate Owned [Abstract] |
Other Real Estate Owned | 8. Other Real Estate Owned Activity for other real estate owned was as follows:
(in thousands) |  | 2022 |  |  | 2021 |
Beginning balance of other real estate owned |  | $ | 3,486 |  |  | $ | 7,694 |
New assets acquired |  |  | 2,433 |  |  |  | 1,166 |
Capitalized costs |  |  | 73 |  |  |  | 0 |
Fair value adjustments |  |  | (285 | ) |  |  | (857 | )
Sale of assets |  |  | (2,036 | ) |  |  | (4,517 | )
Ending balance of other real estate owned |  | $ | 3,671 |  |  | $ | 3,486 |
Carrying costs and fair value adjustments associated with foreclosed properties were $0.5 million, $1.4 million, and $2.7 million for 2022, 2021, and 2020, respectively. See note 1 for a description of our accounting policies relative to foreclosed properties and other real estate owned. The major classifications of foreclosed properties are shown in the following table:
(in thousands) December 31 |  | 2022 |  |  | 2021 |
1-4 family |  | $ | 859 |  |  | $ | 1,130 |
Construction/land development/other |  |  | 867 |  |  |  | 480 |
Multifamily |  |  | 0 |  |  |  | 88 |
Non-farm/non-residential |  |  | 1,945 |  |  |  | 1,788 |
Total foreclosed properties |  | $ | 3,671 |  |  | $ | 3,486 |

X
- References No definition available. + Details
Name: | us-gaap_RealEstateOwnedDisclosureOfDetailedComponentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration