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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2023
Other Real Estate Owned [Abstract]  
Real Estate Owned [Text Block]

Note 7 – Other Real Estate Owned

Other real estate owned represents residential and commercial properties primarily owned as a result of loan collection activities and is reported net of a valuation allowance. Activity within other real estate owned was as follows:

 

(Dollars in thousands)

2023

 

 

2022

 

 

2021

 

Balance, beginning of year

$

-

 

 

$

194

 

 

$

266

 

Transfers from loans

 

267

 

 

 

-

 

 

 

520

 

Additions from merger

 

-

 

 

 

-

 

 

 

-

 

Proceeds from sales

 

(157

)

 

 

(235

)

 

 

(611

)

Write-downs

 

-

 

 

 

-

 

 

 

-

 

Gains on sales

 

12

 

 

 

41

 

 

 

19

 

Balance, end of year

$

122

 

 

$

-

 

 

$

194

 

 

Included in the balances above were residential real estate mortgage loans of $122,000, $0, and $80,000 as of December 31, 2023, 2022, and 2021, respectively, and $0, $0, and $114,000 of commercial real estate loans as of December 31, 2023, 2022, and 2021, respectively.