Loans

12 Months Ended

Dec. 31, 2023

Loans and Leases Receivable Disclosure [Abstract]

Loans

LOANS

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

	December 31, 2023		December 31, 2022
Commercial and industrial	$	426,951	$	373,890
1-4 Family	206,237		116,192
Hotels	357,142		340,404
Multi-family	189,165		174,786
Non Residential Non-Owner Occupied	680,590		585,964
Non Residential Owner Occupied	240,328		174,961
Commercial real estate	1,673,462		1,392,307
Residential real estate	1,788,149		1,693,523
Home equity	167,201		134,317
Consumer	65,246		48,806
DDA overdrafts	4,914		3,415
Gross loans	4,125,923		3,646,258
Allowance for credit losses	(22,745)		(17,108)
Net loans	$	4,103,178	$	3,629,150
Construction loans included in:
Residential real estate	$	23,066	$	21,122
Commercial real estate	2,459		4,130

    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.