LOANS RECEIVABLE

6 Months Ended

Jun. 30, 2022

Loans Receivable

LOANS RECEIVABLE

NOTE 3. LOANS RECEIVABLE

Loans receivable are summarized in the table below as of the dates indicated (in thousands):

	June 30,			December 31,
	2022			2021
Real estate loans:
One-to four-family residential	$	145,229		$	132,836
Commercial real estate		411,190			423,552
Home equity loans and lines of credit		21,389			21,568
Residential construction		36,443			38,881
Other construction and land		82,223			75,682
Total real estate loans		696,474			692,519
Commercial and industrial		250,584			234,355
Consumer		6,275			7,129
Total commercial and consumer		256,859			241,484
Loans receivable, gross		953,333			934,003
Net deferred loan fees		(520	)		(528	)
Loans receivable, net of deferred fees	$	952,813		$	933,475

Commercial loans includes PPP loans with recorded investments of zero and $1.3 million as of June 30, 2022 and December 31, 2021, respectively.

The Bank had $71.9 million and $46.6 million of loans pledged as collateral to secure funding with the FHLB at June 30, 2022 and December 31, 2021, respectively.