The following table presents the Company’s REO activity during the six months ended June 30, 2026 and June 30, 2025: | | | | | | | | | | June 30, 2026 | June 30, 2025 | | (in thousands) | | Real estate owned at beginning of period | $ | 16,402 | | $ | 18,574 | | | Principal basis transferred to real estate owned | 6,500 | | 6,298 | | | | | | Charge-offs on principal transferred | — | | (3,978) | | | Proceeds from sale of real estate owned | (2,402) | | (1,559) | | | | | | Loans origination from sale of real estate owned | — | | (840) | | | Impairment loss on real estate owned | (191) | | — | | | Gain on sale of real estate owned | 659 | | 131 | | | Real estate owned at end of period | $ | 20,968 | | $ | 18,626 | |
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