Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

v3.23.4
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2022
Other Real Estate Owned [Abstract]  
OTHER REAL ESTATE OWNED
Note 9
OTHER REAL ESTATE
 
OWNED
The following table presents other real estate owned activity at December
 
31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
2022
2021
2020
Beginning Balance
$
17
$
808
$
953
Additions
2,398
1,717
2,297
Valuation
 
Write-Downs
(11)
(31)
(792)
Sales
(1,973)
(2,809)
(1,650)
Other
-
332
-
Ending Balance
$
431
$
17
$
808
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net expenses applicable to other real estate owned for the three years ended December
 
31, was as follows:
(Dollars in Thousands)
2022
2021
2020
Gains from the Sale of Properties
$
(480)
$
(1,711)
$
(1,218)
Losses from the Sale of Properties
47
18
33
Rental Income from Properties
(21)
-
-
Property Carrying Costs
106
174
497
Valuation
 
Adjustments
11
31
792
Total
$
(337)
$
(1,488)
$
104