Other real estate owned

9 Months Ended

Sep. 30, 2022

Other Real Estate [Abstract]

Other Real Estate Owned

Note 12 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and nine months ended September 30, 2022 and 2021.

		For the quarter ended September 30, 2022
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	14,250	$	77,887	$	92,137
Write-downs in value		(84)		(376)		(460)
Additions		1,711		13,975		15,686
Sales		(1,984)		(12,065)		(14,049)
Other adjustments		-		(75)		(75)
Ending balance	$	13,893	$	79,346	$	93,239

		For the quarter ended September 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	14,581	$	58,691	$	73,272
Write-downs in value		(522)		(245)		(767)
Additions		1,693		17,395		19,088
Sales		(1,734)		(12,588)		(14,322)
Other adjustments		217		(660)		(443)
Ending balance	$	14,235	$	62,593	$	76,828

		For the nine months ended September 30, 2022
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	15,017	$	70,060	$	85,077
Write-downs in value		(934)		(949)		(1,883)
Additions		5,230		53,878		59,108
Sales		(5,528)		(43,110)		(48,638)
Other adjustments		108		(533)		(425)
Ending balance	$	13,893	$	79,346	$	93,239

		For the nine months ended September 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	13,214	$	69,932	$	83,146
Write-downs in value		(986)		(1,764)		(2,750)
Additions		7,668		36,335		44,003
Sales		(6,059)		(40,967)		(47,026)
Other adjustments		398		(943)		(545)
Ending balance	$	14,235	$	62,593	$	76,828