LOANS RECEIVABLE

9 Months Ended

Sep. 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):

	September 30,			December 31,
	2022			2021
Real estate loans:
One-to four-family residential	$	145,107		$	132,836
Commercial real estate		444,003			423,552
Home equity loans and lines of credit		21,970			21,568
Residential construction		37,927			38,881
Other construction and land		84,401			75,682
Total real estate loans		733,408			692,519
Commercial and industrial		255,817			234,355
Consumer		6,504			7,129
Total commercial and consumer		262,321			241,484
Loans receivable, gross		995,729			934,003
Net deferred loan fees		(668	)		(528	)
Loans receivable, net of deferred fees	$	995,061		$	933,475

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

The Bank had $65.1 million and $46.6 million of loans pledged as collateral to secure funding with the FHLB at September 30, 2022 and December 31, 2021, respectively.