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Loans
 6 Months Ended
Jun. 30, 2021
Loans and Leases Receivable, Net Amount [Abstract]  
Loans Loans
The following table summarizes the Company’s major classifications for loans (in thousands):
June 30, 2021December 31, 2020
Commercial and industrial358,583 372,989 
  1-4 Family108,079 109,812 
  Hotels290,119 294,464 
  Multi-family212,715 215,671 
  Non Residential Non-Owner Occupied653,264 641,351 
  Non Residential Owner Occupied209,100 213,484 
Commercial real estate1,473,277 1,474,782 
Residential real estate1,521,102 1,587,694 
Home equity127,608 136,469 
Consumer45,184 47,688 
Demand deposit account (DDA) overdrafts3,662 2,497 
Gross loans3,529,416 3,622,119 
Allowance for credit losses(20,016)(24,549)
Net loans$3,509,400 $3,597,570 
Construction loans included in:
  Commercial real estate$43,904 $40,449 
  Residential real estate20,838 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 June 30, 2021, the Company has funded approximately $136 million of SBA-approved PPP loans to over 2,500 customers. The Company started submitting forgiveness applications on behalf of its customers during the fourth quarter of 2020 and as of June 30, 2021, has received forgiveness proceeds of approximately $86 million.