v3.25.2
Foreclosed Assets
6 Months Ended
Jun. 30, 2025
Foreclosed Assets  
Foreclosed Assets

Note 8: Foreclosed Assets

The Company’s investment in foreclosed assets consisted of one property that management valued at $301 thousand at June 30, 2025 and December 31, 2024. There was no allowance for losses on foreclosed assets at June 30, 2025 and December 31, 2024. The Company did not record any provision for losses on foreclosed assets during the six months ended June 30, 2025 and 2024.

Expenses applicable to foreclosed assets include the following (dollars in thousands):

For the three months ended
June 30,

For the six months ended
June 30,

Foreclosed Asset Expenses

    

2025

    

2024

2025

2024

Provision for losses

$

$

$

$

Operating expenses

2

12

10

Total foreclosed asset expenses

$

2

$

$

12

$

10