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Loans

9 Months Ended

Sep. 30, 2022

(4) Loans

Loan balances were as follows:

	September 30, 2022			December 31, 2021
Commercial & Agriculture	$	227,387		$	246,502
Commercial Real Estate- Owner Occupied		364,468			295,452
Commercial Real Estate- Non-Owner Occupied		956,169			829,310
Residential Real Estate		531,164			430,060
Real Estate Construction		202,793			157,127
Farm Real Estate		25,636			28,419
Consumer and Other		20,997			11,009
Total loans		2,328,614			1,997,879
Allowance for loan losses		(27,773	)		(26,641	)
Net loans	$	2,300,841		$	1,971,238

Included in Commercial & Agriculture loans above are $819 and $43,209 of Paycheck Protection Program (“PPP”) loans as of September 30, 2022 and December 31, 2021, respectively.

Included in total loans above are net deferred loan fees of $1,741 and $2,924 at September 30, 2022 and December 31, 2021, respectively, which included net deferred loan fees from PPP loans of $38 and $1,762 as of September 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, $398.4 million had been forgiven or paid off as of September 30, 2022. We recognized $1.7 million of PPP fees in income during the first nine months of 2022, and $38 thousand of unearned PPP fees remained at September 30, 2022.