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

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

2,149

 

 

$

949

 

Additions

 

 

411

 

 

 

1,981

 

Sales proceeds

 

 

(2,215

)

 

 

(891

)

Gross gains

 

 

369

 

 

 

401

 

Gross losses

 

 

(27

)

 

 

—

 

Net gains

 

 

342

 

 

 

401

 

Impairment

 

 

(1

)

 

 

(67

)

Ending balance

 

$

686

 

 

$

2,373

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

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

154

 

 

$

245

 

Transfers from loans

 

 

635

 

 

 

665

 

Sales proceeds

 

 

(331

)

 

 

(683

)

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

(292

)

 

 

(76

)

Net losses

 

 

(292

)

 

 

(76

)

Impairment

 

 

—

 

 

 

—

 

Ending balance

 

$

166

 

 

$

151