Loans

3 Months Ended

Mar. 31, 2024

Loans and Leases Receivable, Net Amount [Abstract]

Loans

Loans

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

	March 31, 2024		December 31, 2023
Commercial and industrial	$	407,770	$	426,951
1-4 Family	202,378		206,237
Hotels	354,929		357,142
Multi-family	186,555		189,165
Non Residential Non-Owner Occupied	682,609		680,590
Non Residential Owner Occupied	232,440		240,328
Commercial real estate	1,658,911		1,673,462
Residential real estate	1,786,764		1,788,149
Home equity	171,292		167,201
Consumer	63,556		65,246
Demand deposit account (DDA) overdrafts	3,495		4,914
Gross loans	4,091,788		4,125,923
Allowance for credit losses	(22,310)		(22,745)
Net loans	$	4,069,478	$	4,103,178
Construction loans included in:
Commercial real estate	$	6,651	$	2,459
Residential real estate	19,709		23,066

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.