Loans

6 Months Ended

Jun. 30, 2022

Allowance for Loan Losses

Loans

Note 3— Loans

The following table presents the composition of the Company’s loan portfolio as of June 30, 2022 and December 31, 2021.

(Dollars in thousands)	June 30, 2022		December 31, 2021
Real Estate Loans:
Commercial	$	1,083,194	$	968,442
Construction and land development		189,644		231,090
Residential		368,370		342,491
Commercial - Non-Real Estate:
Commercial loans		47,878		122,945
Consumer - Non-Real Estate:
Consumer loans		651		586
Total Gross Loans	$	1,689,737	$	1,665,554
Allowance for loan losses		(20,031)		(20,032)
Net deferred loan costs		2,915		915
Total net loans	$	1,672,621	$	1,646,437