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Other Real Estate and Other Assets Acquired in Settlement of Loans
 9 Months Ended
Sep. 30, 2025
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
The following table provides details of the Company’s other real estate and other assets acquired in the settlement of loans as of September 30, 2025 and December 31, 2024.
(dollars in thousands)September 30, 2025December 31, 2024
Commercial$2,552 $— 
Real estate construction - commercial— 2,549 
Real estate mortgage - residential—42
Real estate mortgage - commercial98858
Total$2,650 $3,449 
Less valuation allowance for other real estate owned(225)(2,003)
Total other real estate owned and repossessed assets$2,425 $1,446 
At September 30, 2025, there were $0.6 million consumer mortgage loans secured by residential real estate properties in the process of foreclosure compared to $0.3 million at December 31, 2024.
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)2025202420252024
Balance at beginning of period$225$1,744$2,003$5,950
Provision for (release of) provision for valuation allowance for other real estate owned ——184(386)
Charge-offs——(1,962)(3,820)
Balance at end of period$225$1,744$225$1,744