Loans Receivable

9 Months Ended

Sep. 30, 2021

Loans and Leases Receivable Disclosure [Abstract]

LOANS RECEIVABLE

The portfolio segments and classes of loans are as follows:


(In Thousands)	September 30, 2021			December 31, 2020
Agriculture loans	$	8,873		$	11,246
Commercial loans		83,742			21,534
Paycheck Protection Program ("PPP") loans		39,794			—
Commercial real estate loans		309,079			27,261
Residential real estate loans		216,526			167,536
Consumer loans		4,309			2,514
Municipal loans		6,351			6,749
		668,672			236,840
Less:
Deferred fees		(274	)		(256	)
Allowance for loan losses		(3,335	)		(2,789	)
Total	$	665,063		$	233,795

The Company originates commercial, residential, and consumer loans within its primary market areas of southcentral and southeastern Pennsylvania. A significant portion of the loan portfolio is secured by real estate. In the normal course of business, the Company extends loans to officers, directors, and corporations in which they are beneficially interested as stockholders, officers, or directors. The balance of these loans and extensions of credit totaled $7,020 and $2,586 as of September 30, 2021 and December 31, 2020, respectively.