Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2023

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended						Six Months Ended
	June 30						June 30
(in thousands)	2023			2022			2023			2022
Beginning balance of other real estate owned	$	2,776		$	2,299		$	3,671		$	3,486
New assets acquired		124			307			175			444
Capitalized costs		40			73			40			73
Fair value adjustments		(25	)		(23	)		(106	)		(269	)
Sale of assets		(868	)		(702	)		(1,733	)		(1,780	)
Ending balance of other real estate owned	$	2,047		$	1,954		$	2,047		$	1,954

Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)	June 30 2023		December 31 2022
1-4 family	$	574	$	859
Construction/land development/other		683		867
Non-farm/non-residential		790		1,945
Total foreclosed properties	$	2,047	$	3,671