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Loans

3 Months Ended

Mar. 31, 2022

(4) Loans

Loan balances were as follows:

	March 31, 2022			December 31, 2021
Commercial & Agriculture	$	218,443		$	246,502
Commercial Real Estate- Owner Occupied		301,352			295,452
Commercial Real Estate- Non-Owner Occupied		869,663			829,310
Residential Real Estate		432,770			430,060
Real Estate Construction		161,651			157,127
Farm Real Estate		24,648			28,419
Consumer and Other		9,661			11,009
Total loans		2,018,188			1,997,879
Allowance for loan losses		(27,033	)		(26,641	)
Net loans	$	1,991,155		$	1,971,238

Included in Commercial & Agriculture loans above are $15,529 and $43,209 of Paycheck Protection Program (“PPP”) loans as of March 31, 2022 and December 31, 2021, respectively.

Included in total loans above are net deferred loan fees of $1,849 and $2,924 at March 31, 2022 and December 31, 2021, respectively, which included net deferred loan fees from PPP loans of $583 and $1,762 as of March 31, 2022 and December 31, 2021, respectively.

Paycheck Protection Program

In total, we processed over 3,600 PPP loans totaling $399.4 million during 2020 and 2021. Of the total PPP loans we originated, $383.9 million had been forgiven or paid off as of March 31, 2022. We recognized $1.2 million of PPP fees in income during the quarter, and at March 31, 2022, $583 thousand of unearned PPP fees remain.