XML 30 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
FORECLOSED ASSETS
 12 Months Ended
Dec. 31, 2023
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Foreclosed Assets FORECLOSED ASSETS
Foreclosed assets activity is as follows:
Year Ended December 31,
(dollars in thousands)202320222021
Beginning balance$3,030 $3,278 $4,168 
Acquired271 — — 
Transfers from loans1,143 541 4,857 
Proceeds from sales(4,093)(475)(5,805)
Sales through loan origination— — (252)
Net gain on sales764 118 505 
Direct write-downs(263)(432)(195)
Ending balance$852 $3,030 $3,278 
Gains (losses) on foreclosed assets includes the following:
Year Ended December 31,
(dollars in thousands)202320222021
Direct write-downs$(263)$(432)$(195)
Net gain on sales764 118 505 
Gains (losses) on foreclosed assets$501 $(314)$310 
The carrying value of foreclosed one-to-four family residential real estate properties held was $0.1 million and $20 thousand as of December 31, 2023 and 2022, respectively. As of December 31, 2023, there were 16 one-to-four family residential real estate loans in the process of foreclosure totaling $1.2 million. As of December 31, 2022, there were 4 one-to-four family residential real estate loans in the process of foreclosure totaling $0.2 million.