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Loans
3 Months Ended
Mar. 31, 2022
Allowance for Loan Losses  
Loans

Note 3— Loans

The following table presents the composition of the Company’s loan portfolio as of March 31, 2022 and December 31, 2021.

(Dollars in thousands)

    

March 31, 2022

    

December 31, 2021

Real Estate Loans:

  

  

Commercial

$

992,126

$

968,442

Construction and land development

 

219,160

 

231,090

Residential

356,331

342,491

Commercial - Non-Real Estate:

 

  

 

  

Commercial loans

 

60,350

 

122,945

Consumer - Non-Real Estate:

 

  

 

  

Consumer loans

 

513

 

586

Total Gross Loans

$

1,628,480

$

1,665,554

Allowance for loan losses

 

(20,031)

 

(20,032)

Net deferred loan costs

 

2,780

 

915

Total net loans

$

1,611,229

$

1,646,437