Note 4 - Other Real Estate Owned |
9 Months Ended |
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Sep. 30, 2023 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] |
Note 4: Other Real Estate Owned
There was no other real estate owned ("OREO") at September 30, 2023 and December 31, 2022. Additionally, there was no movement in OREO during the three and nine months ended September 30, 2023 and 2022.
There were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process as of September 30, 2023 and December 31, 2022.
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- References No definition available.
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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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