LOANS (Tables)

12 Months Ended

Dec. 31, 2023

LOANS

Summary of loans

Loans are summarized as follows:

	December 31,
(Dollar amounts in thousands)	2023		2022
Commercial	$	1,817,526	$	1,798,260
Residential		695,788		673,464
Consumer		646,758		588,539
Total gross loans		3,160,072		3,060,263
Deferred costs, net		7,749		7,175
Allowance for credit losses		(39,767)		(39,779)
TOTAL	$	3,128,054	$	3,027,659

Schedule of capitalized mortgage servicing rights

Activity for capitalized mortgage servicing rights (included in other assets) was as follows:

	December 31,
(Dollar amounts in thousands)	2023		2022		2021
Servicing rights:
Beginning of year	$	1,767	$	1,959	$	1,601
Additions		—		489		1,094
Amortized to expense		(556)		(681)		(736)
End of year	$	1,211	$	1,767	$	1,959