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Other Real Estate Owned
 9 Months Ended
Sep. 30, 2021
Other Real Estate [Abstract]  
Other Real Estate Owned

Note 7 – Other Real Estate Owned

 

The following table presents the number and carrying values of properties included in other real estate owned (“OREO”) as of the dates stated.

 

 

September 30, 2021

 

 

December 31, 2020

 

 

 

Number of

 

 

Carrying

 

 

Number of

 

 

Carrying

 

 

 

Properties

 

 

Value

 

 

Properties

 

 

Value

 

Residential

 

 

—

 

 

$

—

 

 

 

1

 

 

$

—

 

Land

 

 

4

 

 

 

227

 

 

 

—

 

 

 

—

 

Total other real estate owned

 

 

4

 

 

$

227

 

 

 

1

 

 

$

—

 

 

 

The Company acquired $598 thousand of OREO in the Bay Banks Merger. As of September 30, 2021, the carrying value of the OREO portfolio totaled $227 thousand.

No residential mortgage loans were in the process of foreclosure as of September 30, 2021.