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Other Real Estate Owned

12 Months Ended

Dec. 31, 2022

Banking and Thrift, Other Disclosure [Abstract]

Other Real Estate Owned

Other Real Estate Owned

For the years ended December 31, 2022 and December 31, 2021 the Bank had no other real estate owned. The following table provided the changes in other real estate owned during the year ended December 31, 2020:

															December 31, 2020
															(In thousands)
Balance at the beginning of the year															$	841
Additions															270
Proceeds from dispositions															(1,290)
Gain (loss) on sale, net															179
Balance at the end of the year															$	—

At December 31, 2022, there were no consumer mortgage loans secured by residential real estate properties (included in "Loans receivable" on the Consolidated Statements of Financial Position) for which formal foreclosure proceedings were in process.

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- References

No definition available.

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522

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