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Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2022
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)20222021
Beginning balance, net$2,594 $2,844 
Additions/transfers from loans1,349 1,052 
Dispositions/sales(707)(1,458)
Valuation adjustments203 156 
Ending balance, net$3,439 $2,594 
Ending valuation allowance$(113)$(9)
Ending number of foreclosed assets
Proceeds from sale of real estate owned$873 $1,526 
Gain on sale of real estate owned$166 $233