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v3.22.2.2

Other Real Estate and Other Assets Acquired in Settlement of Loans | 9 Months Ended
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Sep. 30, 2022
Other Real Estate [Abstract] |
Other Real Estate and Other Assets Acquired in Settlement of Loans | Other Real Estate and Other Assets Acquired in Settlement of Loans
| September 30, |  | December 31,
(in thousands) | 2022 |  | 2021
Commercial | $ | — |  |  | $ | 643 |
Real estate construction - commercial | 10,094 |  | 10,166
Real estate mortgage - residential | 86 |  | 117
Real estate mortgage - commercial | 1,639 |  | 2,510
Repossessed assets | 55 |  |  | — |
Total | $ | 11,874 |  |  | $ | 13,436 |
Less valuation allowance for other real estate owned | (2,664) |  | (2,911)
Total other real estate owned and repossessed assets | $ | 9,210 |  |  | $ | 10,525 |
Changes in the net carrying amount of other real estate owned and repossessed assets were as follows for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Balance at beginning of period | $ | 11,819 |  | $ | 14,552 |  | $ | 13,436 |  | $ | 14,905
Additions net of (charge-offs) | 55 |  | 112 |  | 3 |  | 142
Proceeds from sales | — |  |  | (423) |  |  | (1,348) |  |  | (747) |
Charge-offs against the valuation allowance for other real estate owned, net | — |  |  | (470) |  | (219) |  |  | (554)
Net gain on sales | — |  | — |  | 2 |  | 25
Total other real estate owned | 11,874 |  | 13,771 |  | 11,874 |  | 13,771
Less valuation allowance for other real estate owned | (2,664) |  |  | (2,157) |  |  | (2,664) |  |  | (2,157) |
Balance at end of period | $ | 9,210 |  | $ | 11,614 |  | $ | 9,210 |  | $ | 11,614
At September 30, 2022, $0.2 million of consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $0.2 million of consumer mortgage loans at December 31, 2021. Activity in the valuation allowance for other real estate owned was as follows for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Balance at beginning of period | $ | 2,664 |  | $ | 2,614 |  | $ | 2,911 |  | $ | 2,614
Provision for other real estate owned | — |  | 13 |  | (28) |  | 97
Charge-offs | — |  | (470) |  | (219) |  | (554)
Balance at end of period | $ | 2,664 |  | $ | 2,157 |  | $ | 2,664 |  | $ | 2,157

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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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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
Name: | us-gaap_RealEstateOwnedTextBlock
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Balance Type: | na
Period Type: | duration