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v3.23.3

Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2023
Other Real Estate Owned [Abstract] |
Activity for Other Real Estate Owned | Activity for other real estate owned was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30 |  |  | September 30 |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Beginning balance of other real estate owned |  | $ | 2,047 |  |  | $ | 1,954 |  |  | $ | 3,671 |  |  | $ | 3,486 |
New assets acquired |  |  | 325 |  |  |  | 34 |  |  |  | 500 |  |  |  | 478 |
Capitalized costs |  |  | 7 |  |  |  | 0 |  |  |  | 46 |  |  |  | 73 |
Fair value adjustments |  |  | (124 | ) |  |  | (6 | ) |  |  | (230 | ) |  |  | (275 | )
Sale of assets |  |  | (80 | ) |  |  | (118 | ) |  |  | (1,812 | ) |  |  | (1,898 | )
Ending balance of other real estate owned |  | $ | 2,175 |  |  | $ | 1,864 |  |  | $ | 2,175 |  |  | $ | 1,864 |
Major Classifications of Foreclosed Properties | The major classifications of foreclosed properties are shown in the following table:
(in thousands) |  | September 30 2023 |  |  | December 31 2022 |
1-4 family |  | $ | 774 |  |  | $ | 859 |
Construction/land development/other |  |  | 683 |  |  |  | 867 |
Non-farm/non-residential |  |  | 718 |  |  |  | 1,945 |
Total foreclosed properties |  | $ | 2,175 |  |  | $ | 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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