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Foreclosed Assets
12 Months Ended
Dec. 31, 2022
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Foreclosed Assets
NOTE 6.  FORECLOSED ASSETS, NET
The following table summarizes foreclosed assets as of the dates indicated:
December 31,
Property Type20222021
(In thousands)
Commercial real estate$— $12,594 
Single-family residence5,022 — 
Total other real estate owned, net5,022 12,594 
Other foreclosed assets— 249 
Total foreclosed assets, net$5,022 $12,843 
The following table presents the changes in foreclosed assets, net of the valuation allowance, for the years indicated:
Year Ended December 31,
Foreclosed Assets, Net202220212020
(In thousands)
Balance, beginning of year$12,843 $14,027 $440 
Transfers to foreclosed assets from loans7,985 1,062 14,755 
Provision for losses(29)(14)(267)
Reductions related to sales(15,777)(2,232)(901)
Balance, end of year$5,022 $12,843 $14,027 
The following table presents the changes in the foreclosed assets valuation allowance for the years indicated:
Year Ended December 31,
Foreclosed Assets Valuation Allowance202220212020
(In thousands)
Balance, beginning of year$192 $354 $87 
Provision for losses29 14 267 
Reductions related to sales— (176)— 
Balance, end of year$221 $192 $354