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Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2021
Repossessed Assets [Abstract]  
Summary of Activity in Balance of Real Estate Owned A summary of the activity in the balance of real estate owned follows:
Year ended December 31,
(in thousands)20212020
Beginning balance, net$2,844 $2,541 
Additions/transfers from loans1,052 766 
Dispositions/sales(1,458)(513)
Valuation adjustments156 50 
Ending balance, net$2,594 $2,844 
Ending valuation allowance$— $(22)
Ending number of foreclosed assets
Proceeds from sale of real estate owned$1,526 $570 
Gain on sale of real estate owned$233 $57