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Foreclosed Real Estate

3 Months Ended

Mar. 31, 2023

Real Estate Owned, Disclosure of Detailed Components [Abstract]

Foreclosed Real Estate

Note 8: Foreclosed Real Estate

The Company is required to disclose the carrying amount of foreclosed real estate properties held as a result of obtaining physical possession of the property at each reporting period.

(Dollars in thousands)		Number of properties				March 31, 2023				Number of properties				December 31, 2022
Foreclosed real estate			2			$	221				2			$	221

At March 31, 2023 and December 31, 2022, the Company reported $547,000 and $542,000, respectively, in real estate loans in the process of foreclosure.

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- References

No definition available.

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- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522

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