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Note 7 - Other Real Estate Owned ("OREO")
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Real Estate Owned [Text Block]

NOTE 7 – OTHER REAL ESTATE OWNED (“OREO”)

 

The following table presents the activity related to OREO at or for the three and six months ended June 30, 2024 and 2023:

 

  

At or For the Three Months Ended

  

At or For the Six Months Ended

 
  

June 30,

  

June 30,

 
  

2024

  

2023

  

2024

  

2023

 

Beginning balance

 $—  $570  $—  $570 

Additions

  —   —   —   — 

Loans transferred to OREO

  —   —   —   — 

Ending balance

 $—  $570  $—  $570 

 

There were no OREO properties at June 30, 2024 and December 31, 2023. There were no OREO holding costs for the three and six months ended June 30, 2024 and 2023.

 

There were $19,000 and $96,000 in portfolio mortgage loans collateralized by residential real estate in the process of foreclosure at June 30, 2024 and at December 31, 2023, respectively.