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Loans

6 Months Ended

Jun. 30, 2022

(4) Loans

Loan balances were as follows:

	June 30, 2022			December 31, 2021
Commercial & Agriculture	$	226,540		$	246,502
Commercial Real Estate- Owner Occupied		304,472			295,452
Commercial Real Estate- Non-Owner Occupied		876,695			829,310
Residential Real Estate		452,628			430,060
Real Estate Construction		170,633			157,127
Farm Real Estate		23,295			28,419
Consumer and Other		9,958			11,009
Total loans		2,064,221			1,997,879
Allowance for loan losses		(27,435	)		(26,641	)
Net loans	$	2,036,786		$	1,971,238

Included in Commercial & Agriculture loans above are $3,710 and $43,209 of Paycheck Protection Program (“PPP”) loans as of June 30, 2022 and December 31, 2021, respectively.

Included in total loans above are net deferred loan fees of $1,735 and $2,924 at June 30, 2022 and December 31, 2021, respectively, which included net deferred loan fees from PPP loans of $160 and $1,762 as of June 30, 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, $395.7 million had been forgiven or paid off as of June 30, 2022. We recognized $1.6 million of PPP fees in income during the first six months of 2022, and $160 thousand of unearned PPP fees remained at June 30, 2022.