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Other Real Estate Owned (Notes)

9 Months Ended

Sep. 30, 2021

Banking And Thrift Other Disclosures [Abstract]

NOTE 11. Other Real Estate Owned

The following table is a summary of other real estate owned ("OREO") activity for the nine months ended September 30, 2021 and 2020 and the year ended December 31, 2020:

	Nine Months Ended			Year Ended			Nine Months Ended
	September 30,			December 31,			September 30,
	2021			2020			2020
	(in thousands)
Balance, beginning	$	607		$	183		$	183
Transfer from loans		266			441			310
Gain on foreclosures		—			166			132
Sales		(588	)		(183	)		(183	)
Valuation adjustments		(92	)		—			—
Balance, ending	$	193		$	607		$	442

The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2021 and December 31, 2020 were as follows:

	September 30, 2021		December 31, 2020
	(in thousands)
Construction and Farmland	$	—	$	—
Residential Real Estate		193		165
Commercial Real Estate		—		442
Subtotal	$	193	$	607
Less valuation allowance		—		—
Total	$	193	$	607

There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at September 30, 2021. There was one consumer mortgage loan totaling $68 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2020.