XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.4
Other Real Estate Owned and Repossessed Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity

Other Real Estate Owned

Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity during the years ended December 31, 2022 and 2021:

 

 

 

December 31,
2022

 

 

December 31,
2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

2,149

 

 

$

949

 

Additions (1)

 

 

411

 

 

 

1,981

 

Sales proceeds

 

 

(2,232

)

 

 

(1,205

)

Gross gains

 

 

386

 

 

 

491

 

Gross losses

 

 

(27

)

 

 

—

 

Net gains

 

 

359

 

 

 

491

 

Impairment

 

 

(1

)

 

 

(67

)

Ending balance

 

$

686

 

 

$

2,149

 

 

(1)
Additions to other real estate owned (“OREO”) include transfers from loans, transfers from closed Bank and ALC branches, and capitalized improvements to existing OREO properties.
Summary of Repossessed Assets Activity The following table summarizes repossessed asset activity during the years ended December 31, 2022 and 2021:

 

 

 

December 31,
2022

 

 

December 31,
2021

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

154

 

 

$

245

 

Transfers from loans

 

 

887

 

 

 

803

 

Sales proceeds

 

 

(506

)

 

 

(798

)

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

(452

)

 

 

(96

)

Net losses

 

 

(452

)

 

 

(96

)

Impairment

 

 

—

 

 

 

—

 

Ending balance

 

$

83

 

 

$

154