NOTE 8: OTHER REAL ESTATE OWNED AND REPOSSESSIONS Major classifications of other real estate owned were as follows at the dates indicated: | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | (In Thousands) | Foreclosed assets held for sale and repossessions | | | | | | | One- to four-family construction | | $ | — | | $ | — | Subdivision construction | | | — | | | — | Land development | | | — | | | — | Commercial construction | | | — | | | — | One- to four-family residential | | | — | | | — | Other residential (multi-family) | | | 1,807 | | | — | Commercial real estate | | | 6,542 | | | 6,025 | Commercial business | | | — | | | — | Consumer | | | 11 | | | 11 | Foreclosed assets held for sale and repossessions | | | 8,360 | | | 6,036 | | | | | | | | Other real estate owned not acquired through foreclosure | | | — | | | — | | | | | | | | Other real estate owned and repossessions | | $ | 8,360 | | $ | 6,036 |
At June 30, 2026 and December 31, 2025, there was no other real estate owned not acquired through foreclosure. At June 30, 2026, residential mortgage loans totaling $557,000 were in the process of foreclosure. At December 31, 2025, no residential mortgage loans were in the process of foreclosure. Expenses (income) applicable to other real estate owned and repossessions included the following during the periods shown: | | | | | | | | | Three Months Ended | | | June 30, | | | 2026 | | 2025 | | | | (In Thousands) | Net loss (gain) on sales of other real estate owned and repossessions | | $ | (63) | | $ | 1 | Valuation write-downs | | | — | | | — | Operating expenses (income), net of rental income | | | (22) | | | (169) | | | $ | (85) | | $ | (168) |
| | | | | | | | | Six Months Ended | | | June 30, | | | 2026 | | 2025 | | | | (In Thousands) | Net loss (gain) on sales of other real estate owned and repossessions | | $ | (62) | | $ | 5 | Valuation write-downs | | | 5 | | | — | Operating expenses (income), net of rental income | | | 26 | | | (243) | | | $ | (31) | | $ | (238) |
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