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Other Real Estate Owned

9 Months Ended

Sep. 30, 2025

Other Real Estate Owned

Other Real Estate Owned

​

​

​

Note 5 – Other Real Estate Owned

​

Details related to the activity in the other real estate owned (“OREO”) portfolio, net of valuation reserve, for the periods presented are itemized in the following table:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

September 30,

September 30,

Other real estate owned

2025

2024

2025

​

2024

Balance at beginning of period

​

$

6,486

​

$

6,920

​

$

21,617

​

$

5,123

Property additions, net of participation sold

​

​

-

​

​

1,282

​

​

4,989

​

​

4,670

Less:

​

​

​

​

​

​

​

​

​

​

​

​

Carrying value of property disposals, net of participation sold

​

​

-

​

​

-

​

​

19,509

​

​

1,591

Period valuation adjustments

​

​

70

​

​

-

​

​

681

​

​

-

Balance at end of period

​

$

6,416

​

$

8,202

​

$

6,416

​

$

8,202

​

Activity in the valuation allowance was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

September 30,

September 30,

​

2025

2024

2025

2024

Balance at beginning of period

​

$

562

​

$

118

​

$

1,862

​

$

118

Provision for valuation reserves

​

​

70

​

​

-

​

​

681

​

​

-

Reductions taken on sales

​

​

-

​

​

-

​

​

(1,911)

​

​

-

Balance at end of period

​

$

632

​

$

118

​

$

632

​

$

118

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Expenses related to OREO, net of lease revenue, includes:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30,

September 30,

​

2025

2024

2025

​

2024

Loss (Gain) on sales, net

​

$

-

​

$

-

​

$

160

​

$

(259)

Provision for valuation reserves

​

​

70

​

​

-

​

​

681

​

​

-

Operating expenses

​

​

201

​

​

321

​

​

1,721

​

​

673

Less:

​

​

​

​

​

​

​

​

​

​

​

​

Lease revenue

​

​

143

​

​

79

​

​

526

​

​

213

Net OREO expense

​

$

128

​

$

242

​

$

2,036

​

$

201

​

X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-3

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration