Loans

12 Months Ended

Dec. 31, 2024

Loans and Leases Receivable Disclosure [Abstract]

Loans

The following summarizes the Company’s major classifications for loans (in thousands):

	December 31, 2024		December 31, 2023
Commercial and industrial	$	419,838	$	426,951
1-4 Family	197,258		206,237
Hotels	389,660		357,142
Multi-family	240,943		189,165
Non Residential Non-Owner Occupied	707,265		680,590
Non Residential Owner Occupied	233,497		240,328
Commercial real estate	1,768,623		1,673,462
Residential real estate	1,823,610		1,788,149
Home equity	199,192		167,201
Consumer	57,816		65,246
DDA overdrafts	5,697		4,914
Gross loans	4,274,776		4,125,923
Allowance for credit losses	(21,922)		(22,745)
Net loans	$	4,252,854	$	4,103,178
Construction loans included in:
Residential real estate	$	7,547	$	23,066
Commercial real estate	24,681		2,459

    The Company's commercial and residential real estate construction loans are primarily secured by real estate within the Company's principal markets. These loans were originated under the Company's loan policy, which is focused on the risk characteristics of the loan portfolio, including construction loans. In the judgment of the Company's management, adequate consideration has been given to these loans in establishing the Company's allowance for credit losses.