Loans

12 Months Ended

Dec. 31, 2022

Loans and Leases Receivable Disclosure [Abstract]

Loans

LOANS

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

	December 31, 2022		December 31, 2021
Commercial and industrial	$	373,890	$	346,184
1-4 Family	116,192		107,873
Hotels	340,404		311,315
Multi-family	174,786		215,677
Non Residential Non-Owner Occupied	585,964		639,818
Non Residential Owner Occupied	174,961		204,233
Commercial real estate	1,392,307		1,478,916
Residential real estate	1,693,523		1,548,965
Home equity	134,317		122,345
Consumer	48,806		40,901
DDA overdrafts	3,415		6,503
Gross loans	3,646,258		3,543,814
Allowance for credit losses	(17,108)		(18,166)
Net loans	$	3,629,150	$	3,525,648
Construction loans included in:
Residential real estate	$	21,122	$	17,252
Commercial real estate	4,130		11,783

    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 policy, which is 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.