v3.25.2
Other Real Estate Owned
6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Other Real Estate Owned Other Real Estate Owned
(In Thousands)

The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented:
 
June 30, 2025December 31, 2024
Residential real estate$5,701 $2,966 
Commercial real estate4,426 5,681 
Residential land development24 19 
Commercial land development1,599 
Total$11,750 $8,673 

Changes in the Company’s OREO were as follows:
 
Total
OREO
Balance at January 1, 2025$8,673 
Acquired OREO11,109 
Transfers of loans4,281 
Impairments(585)
Dispositions(11,713)
Other(15)
Balance at June 30, 2025$11,750 
At June 30, 2025 and December 31, 2024, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $390 and $505, respectively.
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
 
Three Months EndedSix Months Ended
 June 30,June 30,
 2025202420252024
Repairs and maintenance$155 $147 $229 $211 
Property taxes and insurance48 23 97 52 
Impairments21 39 585 67 
Net gains on OREO sales(63)(102)(65)(115)
Rental income(4)(2)(4)(3)
Total$157 $105 $842 $212