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Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2024
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)
  
2024
    
2023
  
Beginning balance of other real estate owned
  
$
1,616
    
$
3,671
  
New assets acquired
    
31
      
51
  
Capitalized costs
     12       0  
Fair value adjustments
    
(42
)
    
(81
)
Sale of assets
    
(351
)
    
(865
)
Ending balance of other real estate owned
  
$
1,266
    
$
2,776
  
Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)
  
March 31
2024
    
December 31
2023
  
1-4 family
  
$
492
    
$
827
  
Construction/land development/other
    
369
      
383
  
Non-farm/non-residential
    
405
      
406
  
Total foreclosed properties
  
$
1,266
    
$
1,616