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Other Real Estate and Other Assets Acquired in Settlement of Loans (Tables)
 9 Months Ended
Sep. 30, 2024
Other Real Estate [Abstract]  
Schedule of 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 
Schedule of Changes in the Net Carrying Amount of Other Real Estate Owned
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
Schedule 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 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