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OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables) | 3 Months Ended
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Mar. 31, 2024
OTHER REAL ESTATE OWNED AND REPOSSESSIONS |
Schedule of major classifications of other real estate owned | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, |  | December 31,
​ | ​ | 2024 | ​ | 2023
​ | ​ | (In Thousands)
Foreclosed assets held for sale and repossessions |  | ​ |  |  | ​ |
One- to four-family construction | ​ | $ | — | ​ | $ | —
Subdivision construction | ​ |  | — | ​ |  | —
Land development | ​ |  | — | ​ |  | —
Commercial construction | ​ |  | — | ​ |  | —
One- to four-family residential | ​ |  | — | ​ |  | —
Other residential (multi-family) | ​ |  | — | ​ |  | —
Commercial real estate | ​ |  | — | ​ |  | —
Commercial business | ​ |  | — | ​ |  | —
Consumer | ​ |  | 47 | ​ |  | 23
​ | ​ |  | ​ | ​ |  | ​
Total foreclosed assets held for sale and repossessions | ​ |  | 47 | ​ |  | 23
​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned not acquired through foreclosure | ​ |  | 995 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Total other real estate owned and repossessions | ​ | $ | 1,042 | ​ | $ | 23
Schedule of expenses applicable to other real estate owned and repossessions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended
​ | ​ | March 31,
​ | ​ | 2024 |  | 2023
​ | ​ | (In Thousands)
Net loss on sales of other real estate owned and repossessions | ​ | $ | 4 | ​ | $ | 3
Valuation write-downs | ​ |  | — | ​ | ​ | 74
Operating expenses, net of rental income | ​ |  | 57 | ​ | ​ | 77
​ | ​ | $ | 61 | ​ | $ | 154
​

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