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Other Real Estate and Other Assets Acquired in Settlement of Loans (Tables) | 12 Months Ended
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Dec. 31, 2024
Other Real Estate [Abstract] |
Schedule of Real Estate and Other Assets Acquired in Settlement of Loans |
(in thousands) | 2024 |  | 2023
Real estate construction - commercial | $ | 2,549 |  |  | $ | 7,668 |
Real estate mortgage - residential | 42 |  |  | 20 |
Real estate mortgage - commercial | 858 |  |  | — |
Repossessed assets | — |  |  | 6 |
Total | $ | 3,449 |  |  | $ | 7,694 |
Less valuation allowance for other real estate owned | (2,003) |  |  | (5,950) |
Total other real estate owned | $ | 1,446 |  |  | $ | 1,744 |
Schedule of Activity in Valuation Allowance for Other Real Estate Owned | Activity in the valuation allowance for other real estate owned in settlement of loans for the years indicated:
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Balance, beginning of year | $ | 5,950 |  |  | $ | 2,664 |  |  | $ | 2,911 |
Provision for (release of) other real estate owned | (127) |  |  | 4,729 |  |  | (29) |
Charge-offs | (3,820) |  |  | (1,443) |  |  | (218) |
Balance, end of year | $ | 2,003 |  |  | $ | 5,950 |  |  | $ | 2,664 |

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- Definition Real estate owned valuation allowance. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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- References No definition available. + Details
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