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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2021
Real Estate [Abstract] |
OTHER REAL ESTATE OWNED | OTHER REAL ESTATE OWNED The following is a summary of the activity in other real estate owned during the years ended December 31, 2021 and 2020:
(dollars in thousands) | 2021 |  | 2020
Balance, Beginning of year | $ | 1,006 |  |  | $ | 1,320 |
Loans transferred to other real estate | 145 |  |  | 2,057 |
Acquired in acquisitions | 538 |  |  | — |
Sales proceeds | (1,360) |  |  | (2,363) |
Net gain/(loss) on sale and writedowns | (48) |  |  | (8) |
Ending balance | $ | 281 |  |  | $ | 1,006 |

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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 + Details
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