XML 28 R14.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FORECLOSED ASSETS
 3 Months Ended
Mar. 31, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity is as follows:
Three Months Ended March 31,
(dollars in thousands)20242023
Beginning balance$852 $3,030 
Acquired— 271 
Transfers from loans203 105 
Proceeds from sales(865)(40)
Net gain on sales113 20 
Direct write-downs(26)(30)
Ending balance$277 $3,356 
Gains (losses) on foreclosed assets includes the following:
Three Months Ended March 31,
(dollars in thousands)20242023
Direct write-downs$(26)$(30)
Net gain on sales113 20 
Gains (losses) on foreclosed assets$87 $(10)
The carrying value of foreclosed one-to-four family residential real estate properties held was $0.1 million and $0.1 million as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024, there were 20 one-to-four family residential real estate loans in the process of foreclosure totaling $2.0 million. 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.