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OTHER REAL ESTATE OWNED

12 Months Ended

Dec. 31, 2023

OTHER REAL ESTATE OWNED

Note 8—OTHER REAL ESTATE OWNED

The following summarizes the activity in the other real estate owned for the years ended December 31, 2023 and 2022.

Schedule of Other Real Estate Owned

		December 31,
(In thousands)		2023				2022
Balance—beginning of year		$	934			$	1,165
Additions—foreclosures			—				—
Write-downs			(44	)			(69	)
Sales			(268	)			(162	)
Balance, end of year		$	622			$	934

X

- 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
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481990/310-10-45-3

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration