Other real estate owned

3 Months Ended

Mar. 31, 2023

Other Real Estate [Abstract]

Other Real Estate Owned

Note 12 – Other real estate owned

The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31, 2023 and

2022.

For the quarter ended March 31, 2023

OREO

OREO

(In thousands)

Commercial/Construction

Mortgage

Total

Balance at beginning of period

$

12,500

$

76,626

$

89,126

Write-downs in value

(194)

(751)

(945)

Additions

1,023

18,675

19,698

Sales

(941)

(15,099)

(16,040)

Other adjustments

-

(118)

(118)

Ending balance

$

12,388

$

79,333

$

91,721

For the quarter ended March 31, 2022

OREO

OREO

(In thousands)

Commercial/Construction

Mortgage

Total

Balance at beginning of period

$

15,017

$

70,060

$

85,077

Write-downs in value

(364)

(328)

(692)

Additions

2,687

19,240

21,927

Sales

(1,980)

(13,543)

(15,523)

Other adjustments

108

(330)

(222)

Ending balance

$

15,468

$

75,099

$

90,567