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OTHER REAL ESTATE OWNED AND REPOSSESSIONS
3 Months Ended
Mar. 31, 2026
OTHER REAL ESTATE OWNED AND REPOSSESSIONS  
OTHER REAL ESTATE OWNED AND REPOSSESSIONS

NOTE 8: OTHER REAL ESTATE OWNED AND REPOSSESSIONS

Major classifications of other real estate owned were as follows at the dates indicated:

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

2026

2025

(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

 

643

 

Other residential (multi-family)

 

 

Commercial real estate

 

5,960

 

6,025

Commercial business

 

 

Consumer

 

12

 

11

Foreclosed assets held for sale and repossessions

 

6,615

 

6,036

Other real estate owned not acquired through foreclosure

 

 

Other real estate owned and repossessions

$

6,615

$

6,036

At March 31, 2026 and December 31, 2025, there was no other real estate owned not acquired through foreclosure.

At March 31, 2026, residential mortgage loans totaling $77,000 were in the process of foreclosure. At December 31, 2025, no residential mortgage loans were in the process of foreclosure.

Expenses (income) applicable to other real estate owned and repossessions included the following during the periods shown:

Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

(In Thousands)

Net loss on sales of other real estate owned and repossessions

$

1

$

5

Valuation write-downs

 

4

Operating expenses (income), net of rental income

 

49

(75)

$

54

$

(70)