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Other Real Estate Owned and Repossessed Assets (Tables)
3 Months Ended
Mar. 31, 2023
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the three months ended March 31, 2023 and 2022:

 

 

March 31, 2023

 

 

March 31,
2022

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

686

 

 

$

2,149

 

Additions

 

 

 

 

 

 

Sales proceeds

 

 

 

 

 

(1,431

)

Gross gains

 

 

 

 

 

183

 

Gross losses

 

 

 

 

 

(27

)

Net gains

 

 

 

 

 

156

 

Impairment

 

 

(69

)

 

 

 

Ending balance

 

$

617

 

 

$

874

 

Summary of Repossessed Assets Activity The following table summarizes repossessed asset activity as of the three months ended March 31, 2023 and 2022:

 

 

March 31, 2023

 

 

March 31,
2022

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

83

 

 

$

154

 

Transfers from loans

 

 

490

 

 

 

51

 

Sales proceeds

 

 

(128

)

 

 

(100

)

Gross gains

 

 

 

 

 

 

Gross losses

 

 

(180

)

 

 

(44

)

Net losses

 

 

(180

)

 

 

(44

)

Impairment

 

 

 

 

 

 

Ending balance

 

$

265

 

 

$

61