The following table is a summary of other real estate owned (“OREO”) and repossessed asset activity for the six months ended June 30, 2026 and 2025 and the year ended December 31, 2025:
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Six Months Ended |
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Year Ended |
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Six Months Ended |
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June 30, 2026 |
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December 31, 2025 |
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June 30, 2025 |
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Other Real Estate Owned |
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Repossessed Assets |
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Other Real Estate Owned |
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Repossessed Assets |
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Other Real Estate Owned |
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Repossessed Assets |
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(in thousands) |
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Balance, beginning |
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$ |
— |
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$ |
135 |
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$ |
— |
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$ |
514 |
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$ |
— |
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$ |
514 |
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Transfer from loans |
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— |
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302 |
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305 |
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1,346 |
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— |
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186 |
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Sales proceeds |
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— |
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(96 |
) |
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(254 |
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(1,422 |
) |
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— |
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(381 |
) |
Loss on sales |
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— |
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(39 |
) |
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(51 |
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(252 |
) |
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— |
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(133 |
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Valuation adjustments |
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— |
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— |
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— |
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(51 |
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— |
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— |
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Balance, ending |
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$ |
— |
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$ |
302 |
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$ |
— |
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$ |
135 |
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$ |
— |
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$ |
186 |
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