Foreclosed Assets |
12 Months Ended | |||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||
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| Foreclosed Assets | Note 8: Foreclosed Assets In September 2025, the Company reached an agreement to sell its investment in foreclosed assets for $483 thousand, realizing a gain on the sale of $182 thousand. As of December 31, 2025, the Company does not own any investments in foreclosed assets. At December 31, 2024, the Company’s investment in foreclosed assets consisted of one property that was valued at $301 thousand. There was no allowance for losses on foreclosed assets at December 31, 2024. The Company did not record any loss provisions on foreclosed assets during the years ended December 31, 2025 and 2024. Expenses applicable to foreclosed assets include the following (dollars in thousands):
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