v3.25.4
Other Real Estate Owned and Repossessed Assets (Tables)
12 Months Ended
Dec. 31, 2025
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity

Other Real Estate Owned

Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity during the years ended December 31, 2025 and 2024:

 

 

 

December 31,
2025

 

 

December 31,
2024

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

1,509

 

 

$

602

 

Additions(1)

 

 

 

 

 

1,027

 

Sales proceeds

 

 

(1,059

)

 

 

 

Gross gains

 

 

33

 

 

 

 

Gross losses

 

 

 

 

 

 

Net gains

 

 

33

 

 

 

 

Impairment

 

 

(227

)

 

 

(120

)

Ending balance

 

$

256

 

 

$

1,509

 

 

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