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OTHER REAL ESTATE OWNED | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
OTHER REAL ESTATE OWNED | OTHER REAL ESTATE OWNED Other real estate owned includes property acquired through foreclosure or deed-in-lieu of foreclosure and are included in other assets in the Consolidated Balance Sheets. Changes in other real estate owned were as follows (in thousands):
| 2022 |  | 2021
Balance, beginning of year | $ | — |  |  | 197 |
Additions | 717 |  |  | — |
Reductions due to sales | (717) |  |  | (197) |
Balance, end of year | $ | — |  |  | — |
There were no residential consumer mortgage loans secured by residential real estate in the process of foreclosure at December 31, 2022.

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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 https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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