v3.25.2
Other Real Estate Owned and Repossessed Assets (Tables)
6 Months Ended
Jun. 30, 2025
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity The following table summarizes foreclosed property activity as of the six months ended June 30, 2025 and 2024:

 

 

June 30, 2025

 

 

June 30, 2024

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

1,509

 

 

$

602

 

Additions (1)

 

 

 

 

 

 

Sales proceeds

 

 

(186

)

 

 

 

Gross gains

 

 

35

 

 

 

 

Gross losses

 

 

 

 

 

 

Net gains

 

 

35

 

 

 

 

Impairment

 

 

(60

)

 

 

(60

)

Ending balance

 

$

1,298

 

 

$

542

 

 

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