Loans

9 Months Ended

Sep. 30, 2022

Allowance for Loan Losses

Loans

Note 3— Loans

The following table presents the composition of the Company’s loan portfolio as of September 30, 2022 and December 31, 2021.

(Dollars in thousands)	September 30, 2022		December 31, 2021
Real Estate Loans:
Commercial	$	1,091,221	$	968,442
Construction and land development		199,324		231,090
Residential		385,696		342,491
Commercial - Non-Real Estate:
Commercial loans		45,105		122,945
Consumer - Non-Real Estate:
Consumer loans		585		586
Total Gross Loans	$	1,721,931	$	1,665,554
Allowance for loan losses		(20,032)		(20,032)
Net deferred loan costs		3,183		915
Total net loans	$	1,705,082	$	1,646,437