| Other Real Estate Owned |
Other real estate owned The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at the lower of the carrying amount of the underlying loan or the fair value of the real estate less costs to sell. The following table summarizes the other real estate owned for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | Balance at beginning of period | | $ | 3,326 | | | $ | 3,613 | | | $ | 4,409 | | | $ | 3,192 | | | | | Transfers from loans | | 1,230 | | | 1,647 | | | 3,297 | | | 2,400 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Proceeds from sale of other real estate owned | | (1,744) | | | (1,045) | | | (4,412) | | | (1,434) | | | | | Gain (loss) on sale of other real estate owned | | 225 | | | (42) | | | (257) | | | 15 | | | | | | | | | | | | | | | | Write-downs and partial liquidations | | (39) | | | — | | | (39) | | | — | | | | | Balance at end of period | | $ | 2,998 | | | $ | 4,173 | | | $ | 2,998 | | | $ | 4,173 | | | |
Included within the other real estate owned balance above, foreclosed residential real estate properties totaled $1,562 and $2,880 as of June 30, 2025 and December 31, 2024, respectively. |