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Other Real Estate Owned and Repossessed Assets (Tables)
 6 Months Ended
Jun. 30, 2022
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the six months ended June 30, 2022 and 2021:

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

2,149

 

 

$

949

 

Additions

 

 

—

 

 

 

0

 

Sales proceeds

 

 

(2,206

)

 

 

(142

)

Gross gains

 

 

361

 

 

 

56

 

Gross losses

 

 

(27

)

 

 

—

 

Net gains

 

 

334

 

 

 

56

 

Impairment

 

 

(1

)

 

 

(17

)

Ending balance

 

$

276

 

 

$

846

 
Summary of Repossessed Assets Activity The following table summarizes repossessed asset activity as of the six months ended June 30, 2022 and 2021:

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

154

 

 

$

245

 

Transfers from loans

 

 

329

 

 

 

515

 

Sales proceeds

 

 

(151

)

 

 

(588

)

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

(131

)

 

 

(67

)

Net losses

 

 

(131

)

 

 

(67

)

Impairment

 

 

—

 

 

 

—

 

Ending balance

 

$

201

 

 

$

105