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LOANS (Tables)
 12 Months Ended
Dec. 31, 2021
LOANS  
Schedule of loan portfolio

The loan portfolio of the Company consisted of the following:

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AT DECEMBER 31, 

​

    

2021

    

2020

​

​

(IN THOUSANDS)

Commercial:

​

​

​

​

​

​

Commercial and industrial

​

$

134,182

​

$

151,162

Paycheck Protection Program (PPP)

​

​

17,311

​

​

58,344

Commercial loans secured by owner occupied real estate (1)

 

​

99,644

​

​

95,486

Commercial loans secured by non-owner occupied real estate (1)

 

​

430,825

​

​

400,751

Real estate − residential mortgage (1)

 

​

287,996

​

​

249,989

Consumer

 

​

15,096

​

​

16,363

Loans, net of unearned income

​

$

985,054

​

$

972,095

(1)Real estate construction loans constituted 5.6% and 7.0% of the Company’s total loans, net of unearned income as of December 31, 2021 and 2020, respectively.
Summary of risk concentrations for commercial and commercial real estate loans by industry type

The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at December 31, 2021 and 2020 (in thousands).

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​

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​

​

​

​

​

​

DECEMBER 31, 2021

​

​

​

​

​

Paycheck

​

Commercial loans

​

Commercial loans

​

​

​

​

​

Commercial

​

Protection

​

secured by owner

​

secured by non-owner

​

​

​

​

    

and industrial

    

Program

    

occupied real estate

    

occupied real estate

    

Total

1-4 unit residential

​

$

1,246

​

$

—

​

$

96

​

$

8,565

​

$

9,907

Multifamily/apartments/student housing

​

 

—

​

 

—

​

 

245

​

 

73,912

​

 

74,157

Office

​

 

37,386

​

 

203

​

 

8,644

​

 

28,500

​

 

74,733

Retail

​

 

7,253

​

 

444

​

 

20,439

​

 

148,668

​

 

176,804

Industrial/manufacturing/warehouse

​

 

74,508

​

 

5,940

​

 

21,468

​

 

44,316

​

 

146,232

Hotels

​

 

154

​

 

1,764

​

 

—

​

 

42,425

​

 

44,343

Eating and drinking places

​

 

484

​

 

6,591

​

 

4,537

​

 

1,752

​

 

13,364

Personal care

​

 

1,197

​

 

173

​

 

—

​

 

4,315

​

 

5,685

Amusement and recreation

​

 

92

​

 

53

​

 

5,402

​

 

12

​

 

5,559

Mixed use

​

 

—

​

 

—

​

 

4,031

​

 

62,088

​

 

66,119

Other

​

 

11,862

​

 

2,143

​

 

34,782

​

 

16,272

​

 

65,059

Total

​

$

134,182

​

$

17,311

​

$

99,644

​

$

430,825

​

$

681,962

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

DECEMBER 31, 2020

​

​

​

​

​

Paycheck

​

Commercial loans

​

Commercial loans

​

​

​

​

​

Commercial

​

Protection

​

secured by owner

​

secured by non-owner

​

​

​

​

    

and industrial

    

Program

    

occupied real estate

    

occupied real estate

    

Total

1-4 unit residential

​

$

1,450

​

$

—

​

$

105

​

$

6,139

​

$

7,694

Multifamily/apartments/student housing

​

 

—

​

 

—

​

 

469

​

 

66,879

​

 

67,348

Office

​

 

33,525

​

 

6,872

​

 

10,095

​

 

37,164

​

 

87,656

Retail

​

 

8,080

​

 

1,542

​

 

21,180

​

 

124,325

​

 

155,127

Industrial/manufacturing/warehouse

​

 

87,021

​

 

26,222

​

 

18,255

​

 

38,814

​

 

170,312

Hotels

​

 

329

​

 

837

​

 

—

​

 

41,779

​

 

42,945

Eating and drinking places

​

 

769

​

 

13,479

​

 

4,390

​

 

1,925

​

 

20,563

Personal care

​

 

4,118

​

 

621

​

 

—

​

 

9,356

​

 

14,095

Amusement and recreation

​

 

190

​

 

46

​

 

3,307

​

 

38

​

 

3,581

Mixed use

​

 

—

​

 

—

​

 

2,411

​

 

65,585

​

 

67,996

Other

​

 

15,680

​

 

8,725

​

 

35,274

​

 

8,747

​

 

68,426

Total

​

$

151,162

​

$

58,344

​

$

95,486

​

$

400,751

​

$

705,743