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Note 8 - Other Real Estate Owned ("OREO")
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Real Estate Owned [Text Block]

NOTE 8 – OTHER REAL ESTATE OWNED (“OREO”)

 

The following table presents the activity related to OREO at or for the three months ended March 31, 2024 and 2023:

 

  

At or For the Three Months Ended

 
  

March 31,

 
  

2024

  

2023

 

Beginning balance

 $—  $570 

Additions

  —   — 

Loans transferred to OREO

  —   — 

Ending balance

 $—  $570 

 

There were no OREO properties at March 31, 2024 and one OREO property (a closed branch in Centralia, Washington) at March 31, 2023. There were no OREO holding costs for the three months ended March 31, 2024 and 2023.

 

There were $80,000 and $96,000 in portfolio mortgage loans collateralized by residential real estate in the process of foreclosure at March 31, 2024 and at December 31, 2023, respectively.