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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract] |
Other Real Estate Owned | The following summarizes other real estate owned:
As of December 31, | 2020 |  | 2019
Real estate acquired in settlement of loans | $ | 908,000 |  |  | $ | 279,000 |
Change in Allowance for Losses from Other Real Estate Owned | Changes in the allowance for losses from other real estate owned were as follows:
For the years ended December 31, | 2020 |  | 2019 |  | 2018
Balance at beginning of year | $ | — |  |  | $ | — |  |  | $ | 53,000 |
Losses charged to allowance | — |  |  | — |  |  | (53,000) |
Provision charged to operating expenses | 45,000 |  |  | — |  |  | — |
Balance at end of year | $ | 45,000 |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the change in the allowance for real estate owned and acquired in settlement of troubled loans through surrender or foreclosure during the period. + References No definition available. + Details
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- Definition Tabular disclosure of real estate owned and acquired in settlement of troubled loans through surrender or foreclosure. + References No definition available. + Details
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- References No definition available. + Details
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