Other Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Changes and Gains (Losses), Net on Other Real Estate

For the periods presented, changes and gains (losses), net on other real estate were as follows ($ in thousands):


		Six Months Ended June 30,
		2025				2024
Balance at beginning of period		$	5,917			$	6,867
Additions			5,132				4,128
Disposals			(1,958	)			(4,695	)
(Write-downs) recoveries			(119	)			286
Balance at end of period		$	8,972			$	6,586

Gains (losses), net on the sale of other real estate included in other real estate expense		$	(144	)		$	(962	)

Other Real Estate, By Type of Property

At June 30, 2025 and December 31, 2024, other real estate by type of property consisted of the following ($ in thousands):


		June 30, 2025				December 31, 2024
Construction, land development and other land properties		$	—			$	46
1-4 family residential properties			3,242				2,260
Nonfarm, nonresidential properties			3,912				3,611
Other real estate properties			1,818				—
Total other real estate		$	8,972			$	5,917

Other Real Estate, By Geographic Location

At June 30, 2025 and December 31, 2024, other real estate by geographic location consisted of the following ($ in thousands):


		June 30, 2025				December 31, 2024
Alabama		$	772			$	170
Mississippi (1)			4,860				2,407
Tennessee (2)			1,079				1,079
Texas			2,261				2,261
Total other real estate		$	8,972			$	5,917

(1)

Mississippi includes Central and Southern Mississippi Regions.

(2)

Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.