8.
Foreclosed Assets
Roll
forward of foreclosed assets for the years ended December 31, 2025 and 2024:
Schedule
of Roll Forward of Foreclosed Assets
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Beginning balance | |
$ | 1,356 | | |
$ | 130 | |
| Transferred from loans receivables, net | |
| 909 | | |
| 2,306 | |
| Additions for construction in foreclosed assets | |
| 96 | | |
| 507 | |
| Sale proceeds | |
| (1,657 | ) | |
| (992 | ) |
| Loss on foreclosed assets, net | |
| (205 | ) | |
| (595 | ) |
| Ending balance | |
$ | 499 | | |
$ | 1,356 | |
|