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Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2024

Other Real Estate Owned

Schedule of activity in the other real estate owned (OREO) portfolio, net of valuation reserve


		Three Months Ended						Six Months Ended
		June 30,						June 30,
Other real estate owned		2024			2023			2024			2023
Balance at beginning of period		$	5,123		$	1,255		$	5,123		$	1,561
Property additions, net of acquisition adjustments			3,388			185			3,388			476
Less:
Proceeds from property disposals, net of participation purchase and gains/losses			1,591			679			1,591			1,007
Period valuation write-down			-			-			-			269
Balance at end of period		$	6,920		$	761		$	6,920		$	761

Schedule of activity in valuation allowance


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2024			2023			2024			2023
Balance at beginning of period		$	118		$	853		$	118		$	856
Provision for unrealized losses			-			-			-			269
Reductions taken on sales			-			(739)			-			(1,011)
Balance at end of period		$	118		$	114		$	118		$	114

Schedule of expenses related to foreclosed assets, net of lease revenue


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2024			2023			2024			2023
Gain on sales, net		$	(259)		$	(186)		$	(259)		$	(158)
Provision for unrealized losses			-			-			-			269
Operating expenses			239			92			352			101
Less:
Lease revenue			67			4			134			4
Net OREO expense		$	(87)		$	(98)		$	(41)		$	208