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Loans (Tables) | 12 Months Ended
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Dec. 31, 2022
Loans and Leases Receivable Disclosure [Abstract] |
Schedule Of Composition Of Loans | The composition of loans at December 31, 2022 and 2021 was as follows:
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Mortgage loans on real estate: |  |  |  |  |  |
Construction and land development |  | $ | 73,667 |  |  | $ | 71,191 |
Secured by farmland |  |  | 15,984 |  |  |  | 13,710 |
Secured by 1-4 family residential properties |  |  | 301,758 |  |  |  | 263,723 |
Multifamily |  |  | 39,806 |  |  |  | 29,093 |
Commercial |  |  | 507,635 |  |  |  | 377,051 |
Commercial and industrial loans |  |  | 247,659 |  |  |  | 143,378 |
Consumer installment loans |  |  | 117,110 |  |  |  | 67,281 |
All other loans |  |  | 12,721 |  |  |  | 16,798 |
Total loans |  | $ | 1,316,340 |  |  | $ | 982,225 |
Net deferred loan costs and premiums |  |  | 7,443 |  |  |  | 3,495 |
Allowance for loan losses |  |  | (11,218 | ) |  |  | (8,787 | )
|  | $ | 1,312,565 |  |  | $ | 976,933 |
At December 31, 2022, the Company was servicing $231.7 million of marine loans for other financial institutions which are not inlcuded in the table above. Also excluded from the table above are net servicing assets of $684 thousand at December 31, 2022, which are recorded in other assets in the Consolidated Balance Sheets.

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