Loans

3 Months Ended

Mar. 31, 2023

Loans and Leases Receivable, Net Amount [Abstract]

Loans

Loans

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

	March 31, 2023		December 31, 2022
Commercial and industrial	$	390,861	$	373,890
1-4 Family	119,017		116,192
Hotels	327,554		340,404
Multi-family	195,042		174,786
Non Residential Non-Owner Occupied	679,782		585,964
Non Residential Owner Occupied	223,096		174,961
Commercial real estate	1,544,491		1,392,307
Residential real estate	1,737,604		1,693,523
Home equity	151,341		134,317
Consumer	66,994		48,806
Demand deposit account (DDA) overdrafts	3,395		3,415
Gross loans	3,894,686		3,646,258
Allowance for credit losses	(22,724)		(17,108)
Net loans	$	3,871,962	$	3,629,150
Construction loans included in:
Commercial real estate	$	4,715	$	4,130
Residential real estate	25,224		21,122

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.