Other Real Estate Owned |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Other Real Estate Owned | Note 10 Other Real Estate Owned A summary of the activity in OREO during 2024 and 2023 is as follows:
During the years ended December 31, 2024 and 2023, the Company sold OREO properties with net book balances of $3.9 million and $0.6 million, respectively. Sales of OREO properties resulted in net losses of $0.4 million and $20 thousand which were included within other non-interest expense in the consolidated statements of operations for the years ended December 31, 2024 and 2023, respectively. During the year ended December 31, 2023, impairments totaled $0.2 million recorded within other non-interest expense in the consolidated statements of operations. |
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