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LOANS
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
LOANS LOANS
Total loans outstanding as of the years ended December 31, 2024 and 2023 consisted of the following:
(dollars in thousands)20242023
Commercial and industrial loans:
Working capital lines of credit loans$649,609 $604,893 
Non-working capital loans801,256 815,871 
Total commercial and industrial loans1,450,865 1,420,764 
Commercial real estate and multi-family residential loans:
Construction and land development loans567,781 634,435 
Owner occupied loans807,090 825,464 
Nonowner occupied loans872,671 724,101 
Multi-family loans344,978 253,534 
Total commercial real estate and multi-family residential loans2,592,520 2,437,534 
Agri-business and agricultural loans:
Loans secured by farmland156,609 162,890 
Loans for agricultural production230,787 225,874 
Total agri-business and agricultural loans387,396 388,764 
Other commercial loans95,584 120,726 
Total commercial loans4,526,365 4,367,788 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans259,286 258,103 
Open end and junior lien loans214,125 189,663 
Residential construction and land development loans16,818 8,421 
Total consumer 1-4 family mortgage loans490,229 456,187 
Other consumer loans104,041 96,022 
Total consumer loans594,270 552,209 
Gross loans5,120,635 4,919,997 
Less: Allowance for credit losses(85,960)(71,972)
Net deferred loan fees(2,687)(3,463)
Loans, net$5,031,988 $4,844,562 
The recorded investment in loans does not include accrued interest, which totaled $20.3 million and $21.5 million at December 31, 2024 and 2023, respectively.
The Company had $424,000 and $238,000 in residential real estate loans in process of foreclosure as of December 31, 2024 and 2023, respectively.