LOANS (Tables)

12 Months Ended

Dec. 31, 2024

LOANS

Summary of loans

Loans are summarized as follows:

	December 31,
(Dollar amounts in thousands)	2024		2023
Commercial	$	2,196,351	$	1,817,526
Residential		967,386		695,788
Consumer		668,058		646,758
Total gross loans		3,831,795		3,160,072
Deferred costs, net		5,346		7,749
Allowance for credit losses		(46,732)		(39,767)
TOTAL	$	3,790,409	$	3,128,054

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)	2024		2023		2022
Servicing rights:
Beginning of year	$	1,211	$	1,767	$	1,959
Additions		—		—		489
Amortized to expense		(429)		(556)		(681)
End of year	$	782	$	1,211	$	1,767