Loans

9 Months Ended

Sep. 30, 2022

Loans and Leases Receivable, Net Amount [Abstract]

Loans

Loans

The following table summarizes the Company’s major classifications for loans (in thousands):

	September 30, 2022		December 31, 2021
Commercial and industrial	$	375,735	$	346,184
1-4 Family	109,710		107,873
Hotels	355,001		311,315
Multi-family	186,440		215,677
Non Residential Non-Owner Occupied	569,369		639,818
Non Residential Owner Occupied	177,673		204,233
Commercial real estate	1,398,193		1,478,916
Residential real estate	1,678,770		1,548,965
Home equity	130,837		122,345
Consumer	41,902		40,901
Demand deposit account (DDA) overdrafts	3,315		6,503
Gross loans	3,628,752		3,543,814
Allowance for credit losses	(17,011)		(18,166)
Net loans	$	3,611,741	$	3,525,648
Construction loans included in:
Commercial real estate	$	4,125	$	11,783
Residential real estate	19,333		17,252

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.