v3.26.1
FORECLOSED ASSETS
 6 Months Ended
Jun. 30, 2026
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Beginning balance$1,149 $460 $1,126 $367 
Transfers from loans266 726 541 965 
Proceeds from sales(520)(310)(812)(469)
Net gain on sales12 14 52 41 
Direct write-downs(141)— (141)(14)
Ending balance$766 $890 $766 $890 
Gains (losses) on foreclosed assets included the following:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Direct write-downs$(141)$— $(141)$(14)
Net gain on sales12 14 52 41 
Gains (losses) on foreclosed assets$(129)$14 $(89)$27 
As of June 30, 2026 and December 31, 2025, the carrying value of foreclosed one-to-four family residential real estate properties held was $0.6 million and $0.9 million, respectively. As of June 30, 2026, there were seven one-to-four family residential real estate loans in the process of foreclosure totaling $0.3 million. As of December 31, 2025, there were 3 one-to-four family residential real estate loans in the process of foreclosure totaling $0.2 million.