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v3.23.1

Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2023
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
|  | Three Months Ended |
|  | March 31 |
(in thousands) |  | 2023 |  |  | 2022 |
Beginning balance of other real estate owned |  | $ | 3,671 |  |  | $ | 3,486 |
New assets acquired |  |  | 51 |  |  |  | 137 |
Fair value adjustments |  |  | (81 | ) |  |  | (246 | )
Sale of assets |  |  | (865 | ) |  |  | (1,078 | )
Ending balance of other real estate owned |  | $ | 2,776 |  |  | $ | 2,299 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) |  | March 31 2023 |  |  | December 31 2022 |
1-4 family |  | $ | 743 |  |  | $ | 859 |
Construction/land development/other |  |  | 687 |  |  |  | 867 |
Non-farm/non-residential |  |  | 1,346 |  |  |  | 1,945 |
Total foreclosed properties |  | $ | 2,776 |  |  | $ | 3,671 |

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- Definition Tabular disclosure of major classifications of foreclosed properties. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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