Other Real Estate Owned and Repossessed Assets (Tables)

3 Months Ended

Mar. 31, 2022

Other Real Estate [Abstract]

Summary of Foreclosed Property Activity

Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity as of the three months ended March 31, 2022 and 2021:

	March 31, 2022			March 31, 2021
	(Dollars in Thousands)
Beginning balance	$	2,149		$	949
Sales proceeds		(1,431	)		—
Gross gains		183			—
Gross losses		(27	)		—
Net gains		156			—
Impairment		—			(7	)
Ending balance	$	874		$	942

Summary of Repossessed Assets Activity

The following table summarizes repossessed asset activity as of the three months ended March 31, 2022 and 2021:

	March 31, 2022			March 31, 2021
	(Dollars in Thousands)
Beginning balance	$	154		$	245
Transfers from loans		51			400
Sales proceeds		(100	)		(262	)
Gross losses		(44	)		(45	)
Net losses		(44	)		(45	)
Impairment		—			—
Ending balance	$	61		$	338