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Other Real Estate and Other Assets Acquired in Settlement of Loans
 9 Months Ended
Sep. 30, 2024
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,
(dollars in thousands)
20242023
Commercial$98 $— 
Real estate construction - commercial2,549 7,668 
Real estate mortgage - residential—20
Real estate mortgage - commercial3,482—
Repossessed assets— 6 
Total$6,129 $7,694 
Less valuation allowance for other real estate owned(1,744)(5,950)
Total other real estate owned and repossessed assets$4,385 $1,744 
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,
(dollars in thousands)
2024202320242023
Balance at beginning of period$5,369$10,924$7,694$11,459
Additions
760—5,18144
Proceeds from sales— (54)(3,282)(681)
Charge-offs against the valuation allowance for other real estate owned, net— (40)(3,820)(40)
Net gain on sales— 135649
Total other real estate owned6,12910,831$6,129$10,831
Less valuation allowance for other real estate owned(1,744)(7,267)(1,744)(7,267)
Balance at end of period$4,385$3,564$4,385$3,564
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,
(dollars in thousands)
2024202320242023
Balance at beginning of period$1,744$4,495$5,950$2,664
Provision for valuation allowance for other real estate owned
—2,812(386)4,643
Charge-offs—(40)(3,820)(40)
Balance at end of period$1,744$7,267$1,744$7,267