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Other Real Estate Owned and Repossessed Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the nine months ended September 30, 2023 and 2022:

 

 

September 30, 2023

 

 

September 30, 2022

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

686

 

 

$

2,149

 

Additions

 

 

—

 

 

 

411

 

Sales proceeds

 

 

—

 

 

 

(2,215

)

Gross gains

 

 

—

 

 

 

369

 

Gross losses

 

 

—

 

 

 

(27

)

Net gains

 

 

—

 

 

 

342

 

Impairment

 

 

(69

)

 

 

(1

)

Ending balance

 

$

617

 

 

$

686

 
Summary of Repossessed Assets Activity The following table summarizes repossessed asset activity as of the nine months ended September 30, 2023 and 2022:

 

 

September 30, 2023

 

 

September 30, 2022

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

83

 

 

$

154

 

Transfers from loans

 

 

1,178

 

 

 

635

 

Sales proceeds

 

 

(453

)

 

 

(331

)

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

(535

)

 

 

(292

)

Net losses

 

 

(535

)

 

 

(292

)

Impairment

 

 

—

 

 

 

—

 

Ending balance

 

$

273

 

 

$

166