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Other Real Estate Owned

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Other Real Estate Owned

Other Real Estate Owned

The activity within OREO for the years ended December 31, 2021 and 2020 is presented in the table below. There was one property in the process of foreclosure as of December 31, 2021 and 2020. For the years ended December 31, 2021 and 2020, there was one sale of OREO in both periods.

						Years Ended December 31,
(dollars in thousands)						2021						2020
Beginning Balance						$	4,987					$	1,487
Real estate acquired from borrowers						148						6,750
Properties sold						(3,500)						(3,250)
Ending Balance						$	1,635					$	4,987

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522

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