Loans Receivable

3 Months Ended

Mar. 31, 2025

Loans and Leases Receivable Disclosure [Abstract]

LOANS RECEIVABLE

The portfolio segments and classes of loans are as follows:


(In Thousands)	March 31, 2025			December 31, 2024
Agriculture and farmland loans	$	66,684		$	67,741
Construction loans		136,421			152,619
Commercial & industrial loans		257,302			245,833
Commercial real estate loans
Multifamily		215,916			211,778
Owner occupied		472,895			477,742
Non-owner occupied		645,793			628,237
Residential real estate loans
First liens		378,420			373,469
Second liens and lines of credit		79,905			76,713
Consumer and other loans		17,097			17,086
Municipal loans		3,012			3,886
		2,273,445			2,255,104
Deferred costs		496			645
Allowance for credit losses		(26,619	)		(26,435	)
Total	$	2,247,322		$	2,229,314

The above table does not include loans that were held for sale at December 31, 2024 related to the New Jersey branch sale.

The Company originates commercial, residential, and consumer loans within its primary market areas of southcentral and southeastern Pennsylvania, northern Virginia, eastern Maryland, and Delaware. A significant portion of the loan portfolio is secured by real estate.

At March 31, 2025 and December 31, 2024 the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $506 thousand and $585 thousand, respectively.