Loans (Tables)

12 Months Ended

Dec. 31, 2022

Loans and Leases Receivable Disclosure [Abstract]

Schedule Of Composition Of Loans

The composition of loans at December 31, 2022 and 2021 was as follows:

	December 31,
	2022			2021
	(in thousands)
Mortgage loans on real estate:
Construction and land development	$	73,667		$	71,191
Secured by farmland		15,984			13,710
Secured by 1-4 family residential properties		301,758			263,723
Multifamily		39,806			29,093
Commercial		507,635			377,051
Commercial and industrial loans		247,659			143,378
Consumer installment loans		117,110			67,281
All other loans		12,721			16,798
Total loans	$	1,316,340		$	982,225
Net deferred loan costs and premiums		7,443			3,495
Allowance for loan losses		(11,218	)		(8,787	)
	$	1,312,565		$	976,933

At December 31, 2022, the Company was servicing $231.7 million of marine loans for other financial institutions which are not inlcuded in the table above. Also excluded from the table above are net servicing assets of $684 thousand at December 31, 2022, which are recorded in other assets in the Consolidated Balance Sheets.