Other Real Estate Owned

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Other Real Estate Owned

Note 7—Other Real Estate Owned

Other real estate owned ("OREO") is included in accrued interest receivable and other assets in the Company's Condensed Consolidated Statements of Financial Condition. The following table presents the change in OREO for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Beginning balance	$	780		$	2,265		$	1,200		$	4,717
Net additions to OREO		30			72			35			571
Proceeds from sales of OREO		(260	)		(614	)		(740	)		(3,173	)
Gains (losses) on sales of OREO		(18	)		(39	)		37			(88	)
Valuation adjustments		—			(13	)		—			(356	)
Ending balance	$	532		$	1,671		$	532		$	1,671

At September 30, 2024, and December 31, 2023, the balance of real estate owned did not include any foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property.

At September 30, 2024, and December 31, 2023, there was $818,000 and $27,000 of consumer mortgage loans secured by residential real estate properties in foreclosure, respectively.

There were no internally financed sales of OREO for the three and nine months ended September 30, 2024 and 2023.