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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2021
Disclosure Text Block [Abstract] |
Real Estate Owned [Text Block] | Note 5. Other Real Estate Owned A summary of the activity in OREO during the years ended December, 2021 and 2020 is as follows:
|  | For the years ended December 31, |
(In thousands) |  | 2021 |  |  | 2020 |
Beginning balance |  | $ | - |  |  | $ | - |
Transfers from loan portfolio, at fair value |  |  | 1,079 |  |  |  | - |
Ending balance |  | $ | 1,079 |  |  | $ | - |

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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