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Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2024

Other Real Estate Owned

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


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
Other real estate owned		2024			2023			2024			2023
Balance at beginning of period		$	6,920		$	761		$	5,123		$	1,561
Property additions, net of acquisition adjustments			1,282			210			4,670			686
Less:
Proceeds from property disposals, net of participation purchase and gains/losses			-			564			1,591			1,571
Period valuation write-down			-			-			-			269
Balance at end of period		$	8,202		$	407		$	8,202		$	407

Schedule of activity in valuation allowance


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2024			2023			2024			2023
Balance at beginning of period		$	118		$	114		$	118		$	856
Provision for unrealized losses			-			-			-			269
Reductions taken on sales			-			4			-			(1,007)
Balance at end of period		$	118		$	118		$	118		$	118

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


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2024			2023			2024			2023
Gain on sales, net		$	-		$	(71)		$	(259)		$	(229)
Provision for unrealized losses			-			-			-			269
Operating expenses			321			44			673			145
Less:
Lease revenue			79			-			213			4
Net OREO expense		$	242		$	(27)		$	201		$	181