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FORECLOSED ASSETS
6 Months Ended
Jun. 30, 2025
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2025202420252024
Beginning balance$460 $277 $367 $852 
Transfers from loans726 171 965 374 
Proceeds from sales(310)(100)(469)(965)
Net gain (loss) on sales14 (18)41 95 
Direct write-downs— (10)(14)(36)
Ending balance$890 $320 $890 $320 
Gains (losses) on foreclosed assets included the following:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2025202420252024
Direct write-downs$— $(10)$(14)$(36)
Net gain (loss) on sales14 (18)41 95 
Gains (losses) on foreclosed assets$14 $(28)$27 $59 
As of June 30, 2025 and December 31, 2024, the carrying value of foreclosed one-to-four family residential real estate properties held was $0.4 million and $0.3 million, respectively. As of June 30, 2025, there were 6 one-to-four family residential real estate loans in the process of foreclosure totaling $0.6 million. As of December 31, 2024, there were 19 one-to-four family residential real estate loans in the process of foreclosure totaling $1.8 million.