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Other Real Estate Acquired in Settlement of Loans (Tables)
6 Months Ended
Jun. 30, 2022
Other Real Estate [Abstract]  
Schedule of Summary of Real Estate and Other Assets Acquired in Settlement of Loans
June 30,December 31,
(in thousands)20222021
Commercial$— $643 
Real estate construction - commercial10,09410,166
Real estate mortgage - residential86117
Real estate mortgage - commercial1,6392,510
Total$11,819 $13,436 
Less valuation allowance for other real estate owned(2,664)(2,911)
Total other real estate owned$9,155 $10,525 
Schedule of Changes in the Net Carrying Amount of Other Real Estate Owned
Changes in the net carrying amount of other real estate owned were as follows for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Balance at beginning of period$12,669$14,842$13,436$14,905
Additions net of (charge-offs)(52)30
Proceeds from sales(625)(216)(1,348)(324)
Charge-offs against the valuation allowance for other real estate owned, net(219)(84)(219)(84)
Net gain on sales(6)10225
Total other real estate owned11,81914,55211,81914,552
Less valuation allowance for other real estate owned(2,664)(2,614)(2,664)(2,614)
Balance at end of period$9,155$11,938$9,155$11,938
Schedule of Summary of Activity in Valuation Allowance for Other Real Estate Owned
Activity in the valuation allowance for other real estate owned was as follows for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Balance at beginning of period$2,911$2,702$2,911$2,614
Provision for other real estate owned (28)(4)(28)84
Charge-offs(219)(84)(219)(84)
Balance at end of period$2,664$2,614$2,664$2,614