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Loans
 3 Months Ended
Mar. 31, 2021
Loans and Leases Receivable, Net Amount [Abstract]  
Loans Loans
The following table summarizes the Company’s major classifications for loans (in thousands):
March 31, 2021December 31, 2020
Commercial and industrial371,195 372,989 
  1-4 Family108,131 109,812 
  Hotels293,176 294,464 
  Multi-family212,561 215,671 
  Non Residential Non-Owner Occupied649,683 641,351 
  Non Residential Owner Occupied199,130 213,484 
Commercial real estate1,462,681 1,474,782 
Residential real estate1,532,907 1,587,694 
Home equity130,009 136,469 
Consumer47,224 47,688 
DDA overdrafts2,707 2,497 
Gross loans3,546,723 3,622,119 
Allowance for credit losses(24,076)(24,549)
Net loans$3,522,647 $3,597,570 
Construction loans included in:
  Commercial real estate$39,101 $40,449 
  Residential real estate22,129 27,078 

The Company’s commercial and residential real estate construction loans are primarily secured by real estate within the Company’s principal markets.  These loans were originated under the Company’s loan policies, which are focused on the risk characteristics of the loan portfolio, including construction loans. In the judgment of the Company's management, adequate consideration has been given to these loans in establishing the Company's allowance for credit losses.

Paycheck Protection Program

The Company originated loans to its customers under the Paycheck Protection Program (“PPP”) administered by the Small Business Administration (“SBA”) under the provisions of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). Loans covered by the PPP may be eligible for loan forgiveness. The remaining loan balances, if any, after the loan forgiveness, are fully guaranteed by the SBA. Through March 31, 2021, the Company has funded approximately $128 million of SBA-approved PPP loans to over 2,800 customers. The Company started submitting forgiveness applications on behalf of its customers during the fourth quarter of 2020 and as of March 31, 2021, has received forgiveness proceeds of approximately $65 million.