Loans Receivable

12 Months Ended

Dec. 31, 2021

Loans and Leases Receivable Disclosure [Abstract]

Loans Receivable

5.LOANS RECEIVABLE

The portfolio segments and classes of loans are as follows:

(In Thousands)	December 31, 2021			December 31, 2020
Agriculture loans	$	9,341		$	11,246
Commercial loans		98,604			21,534
Paycheck Protection Program ("PPP") loans		23,774			—
Commercial real estate loans		338,749			27,261
Residential real estate loans		231,302			167,536
Consumer and other loans		7,087			2,514
Municipal loans		6,182			6,749
		715,039			236,840
Deferred fees		(223	)		(256	)
Allowance for loan losses		(3,152	)		(2,789	)
Total	$	711,664		$	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 $10,631 and $2,586 as of December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, the Company serviced residential mortgage loans for the Federal Home Loan Bank of Pittsburgh in the amount of $51,101 and $45,356, respectively.