v3.26.1
Other Real Estate Owned
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Other Real Estate Owned

Note 7—Other Real Estate Owned

The following table presents the change in OREO for the periods presented:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Beginning balance

 

$

2,890

 

 

$

6,249

 

 

$

3,394

 

 

$

5,170

 

Acquisitions of OREO through business combination

 

 

—

 

 

 

168

 

 

 

—

 

 

 

168

 

Net additions/(reductions) to OREO

 

 

402

 

 

 

(724

)

 

 

545

 

 

 

596

 

Proceeds from sales of OREO

 

 

(57

)

 

 

(807

)

 

 

(117

)

 

 

(1,016

)

Gains on sales of OREO

 

 

11

 

 

 

60

 

 

 

12

 

 

 

131

 

Valuation adjustments

 

 

(93

)

 

 

—

 

 

 

(681

)

 

 

(103

)

   Ending balance

 

$

3,153

 

 

$

4,946

 

 

$

3,153

 

 

$

4,946

 

At June 30, 2026 and December 31, 2025, the balance of real estate owned did not include any foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property.

At June 30, 2026 and December 31, 2025, there was $731,000 and $603,000 of consumer mortgage loans secured by residential real estate properties in foreclosure, respectively.

There were no internally financed sales of OREO for the three and six months ended June 30, 2026 or 2025.