XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2

FORECLOSED ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2022
FORECLOSED ASSETS |
FORECLOSED ASSETS | NOTE 6 – FORECLOSED ASSETS Foreclosed assets activity is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Beginning balance | ​ | $ | 3,043 | ​ | $ | 4,748 | ​ | $ | 3,278 | ​ | $ | 4,168
Transfers from loans | ​ | ​ | 8 | ​ | ​ | 4,185 | ​ | ​ | 27 | ​ | ​ | 4,856
Proceeds from sales | ​ | ​ | (153) | ​ | ​ | (1,214) | ​ | ​ | (447) | ​ | ​ | (1,229)
Sales through loan origination | ​ | ​ | — | ​ | ​ | (178) | ​ | ​ | — | ​ | ​ | (178)
Net gain (loss) on sales | ​ | ​ | (7) | ​ | ​ | 216 | ​ | ​ | 98 | ​ | ​ | 213
Direct write-downs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (65) | ​ | ​ | (73)
Ending balance | ​ | $ | 2,891 | ​ | $ | 7,757 | ​ | $ | 2,891 | ​ | $ | 7,757
​ Gains (losses) on foreclosed assets includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Direct write-downs | ​ | $ | — | ​ | $ | — | ​ | $ | (65) | ​ | $ | (73)
Net gain (loss) on sales | ​ | ​ | (7) | ​ | ​ | 216 | ​ | ​ | 98 | ​ | ​ | 213
Gains (losses) on foreclosed assets | ​ | $ | (7) | ​ | $ | 216 | ​ | $ | 33 | ​ | $ | 140
​ The carrying value of foreclosed one-to-four family residential real estate properties held as of June 30, 2022 and December 31, 2021 was $8 thousand and $0.2 million, respectively. As of June 30, 2022, there was 1 one-to-four family residential real estate loan in the process of foreclosure totaling $0.2 million. As of December 31, 2021, there were 4 one-to-four family residential real estate loans in the process of foreclosure totaling $0.1 million.

X
- Definition Disclosure of accounting policy for real estate acquired through foreclosure. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansAndLeasesReceivableRealEstateAcquiredThroughForeclosurePolicy
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherRealEstateAndForeclosedAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration