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Other Real Estate Owned
12 Months Ended
Dec. 31, 2022
Other Real Estate Owned [Abstract]  
Other Real Estate Owned Note 6 - Other real estate owned

At December 31, 2022 and 2021, OREO was $566 and $761 respectively and was comprised of non-residential properties associated with commercial relationships. As of December 31, 2022 and 2021 respectively, there were no consumer mortgage loans secured by residential real estate that were in the process of foreclosure. The following table represents the changes in OREO balance in 2022 and 2021.

OREO Changes

Year Ended December 31,

2022

2021

Balance at the beginning of the year

$

761

$

1,105

Transfers from Loans

111

Capitalized costs

Valuation adjustments

(195)

Sales

(368)

Loss on sales

(87)

Balance at the end of the year

$

566

$

761

There were no residential properties being carried in OREO as of December 31, 2022 and 2021.