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Foreclosed Real Estate

3 Months Ended

Mar. 31, 2025

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.

(In thousands)

Number of properties

March 31, 2025

Number of properties

December 31, 2024

Foreclosed real estate

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$

-

-

$

-

At March 31, 2025 and December 31, 2024, the Company reported $1.6 million and $1.2 million, 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
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-3

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