v3.25.4
FORECLOSED ASSETS
 12 Months Ended
Dec. 31, 2025
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Year Ended December 31,
(dollars in thousands)202520242023
Beginning balance$367 $852 $3,030 
Acquired— — 271 
Transfers from loans2,040 889 1,143 
Proceeds from sales(1,285)(1,396)(4,093)
Net gain on sales155 112 764 
Direct write-downs(151)(90)(263)
Ending balance$1,126 $367 $852 
Gains (losses) on foreclosed assets included the following:
Year Ended December 31,
(dollars in thousands)202520242023
Direct write-downs$(151)$(90)$(263)
Net gain on sales155 112 764 
Gains on foreclosed assets$4 $22 $501 
As of December 31, 2025 and 2024, the carrying value of foreclosed one-to-four family residential real estate properties held was $0.9 million and $0.3 million, respectively. As of December 31, 2025, there were 3 one-to-four family residential real estate loans in the process of foreclosure totaling $0.2 million. As of December 31, 2024, there were 19 one-to-four family residential real estate loans in the process of foreclosure totaling $1.8 million.