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LOANS AND CREDIT QUALITY
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
LOANS AND CREDIT QUALITY
3. LOANS AND CREDIT QUALITY
 
Loans, net of deferred fees and costs as of December 31, 2025 and 2024 consisted of the following:

 December 31,
(Dollars in thousands)20252024
Commercial and industrial$594,592 $606,936 
Construction213,191 145,211 
Residential mortgage1,839,191 1,892,520 
Home equity600,082 676,982 
Commercial mortgage1,594,433 1,500,680 
Consumer447,607 510,523 
Loans, net of deferred fees and costs$5,289,096 $5,332,852 

The Company did not sell any loans originally held for investment in 2025. In 2024, the Company sold one loan with an amortized cost of $9.7 million and received proceeds of $9.4 million. The loan did not have any credit concerns at the time of sale. The loss of $0.3 million was recorded through charge-offs in the allowance for credit losses.

In 2025, the Company reclassified $58.3 million in consumer loans to the commercial and industrial loan class. This reclassification was based on the loans' structure and characteristics, which more closely aligned with commercial and industrial lending criteria. The Company did not transfer any loans to the held-for-sale category during the years ended December 31, 2025 and 2024.

The following table presents loan purchase activity by class for the periods presented. None of the purchased loans were classified as purchased credit deteriorated ("PCD"), and there were no loans categorized as PCD during the periods presented.