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Other Real Estate Owned and Repossessed Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the three months ended March 31, 2025 and 2024:

 

 

March 31, 2025

 

 

March 31, 2024

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

1,509

 

 

$

602

 

Additions (1)

 

 

—

 

 

 

—

 

Sales proceeds

 

 

(186

)

 

 

—

 

Gross gains

 

 

35

 

 

 

—

 

Gross losses

 

 

—

 

 

 

—

 

Net gains

 

 

35

 

 

 

—

 

Impairment

 

 

(30

)

 

 

(30

)

Ending balance

 

$

1,328

 

 

$

572

 

 

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