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Other Real Estate Owned and Repossessed Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the nine months ended September 30, 2024 and 2023:

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

602

 

 

$

686

 

Additions (1)

 

 

26

 

 

 

—

 

Sales proceeds

 

 

—

 

 

 

—

 

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

—

 

 

 

—

 

Net gains

 

 

—

 

 

 

—

 

Impairment

 

 

(90

)

 

 

(69

)

Ending balance

 

$

538

 

 

$

617

 

 

(1)
Additions to other real estate owned (“OREO”) may include transfers from loans, transfers from closed branches, and capitalized improvements to existing OREO properties.