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Loans | 9 Months Ended
--- | ---
Sep. 30, 2024
Loans and Leases Receivable, Net Amount [Abstract] |
Loans | Loans The following table summarizes the Company’s major classifications for loans (in thousands):
| September 30, 2024 | December 31, 2023
Commercial and industrial | $ | 424,414 |  | $ | 426,951 |
1-4 Family | 194,670 |  | 206,237 |
Hotels | 383,232 |  | 357,142 |
Multi-family | 193,875 |  | 189,165 |
Non Residential Non-Owner Occupied | 665,210 |  | 680,590 |
Non Residential Owner Occupied | 236,826 |  | 240,328 |
Commercial real estate | 1,673,813 |  | 1,673,462 |
Residential real estate | 1,806,578 |  | 1,788,149 |
Home equity | 190,149 |  | 167,201 |
Consumer | 58,710 |  | 65,246 |
Demand deposit account (DDA) overdrafts | 4,166 |  | 4,914 |
Gross loans | 4,157,830 |  | 4,125,923 |
Allowance for credit losses | (21,832) |  | (22,745) |
Net loans | $ | 4,135,998 |  | $ | 4,103,178 |
Construction loans included in: |  |
Commercial real estate | $ | 2,736 |  | $ | 2,459 |
Residential real estate | 7,604 |  | 23,066 |
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 policies, which are 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 (see Note F for additional information).

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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