Annual report pursuant to Section 13 and 15(d)

Note 6 - Other Real Estate Owned

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Note 6 - Other Real Estate Owned
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Real Estate Owned [Text Block]

Note 6: Other Real Estate Owned

 

There was no other real estate owned ("OREO") at December 31, 2023 and 2022. Additionally, there was no movement in OREO during the years ended December 31, 2023 and 2022. 

 

The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process is $64,000 as of December 31, 2023. There were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process as of December 31, 2022.