Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

v3.24.2
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2023
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)
2023
2022
2021
Beginning Balance
$
431
$
17
$
808
Additions
1,512
2,398
1,717
Valuation
 
Write-Downs
(16)
(11)
(31)
Sales
(1,926)
(1,973)
(2,809)
Other
-
-
332
Ending Balance
$
1
$
431
$
17
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net expenses applicable to other real estate owned for the three years ended December
 
31, was as follows:
(Dollars in Thousands)
2023
2022
2021
Gains from the Sale of Properties
$
(2,072)
$
(480)
$
(1,711)
Losses from the Sale of Properties
3
47
18
Rental Income from Properties
-
(21)
-
Property Carrying Costs
84
106
174
Valuation
 
Adjustments
16
11
31
Total
$
(1,969)
$
(337)
$
(1,488)