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LOANS (Tables)
 12 Months Ended
Dec. 31, 2022
LOANS  
Schedule of loan portfolio

The loan portfolio of the Company consisted of the following:

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AT DECEMBER 31, 

​

    

2022

    

2021

​

​

(IN THOUSANDS)

Commercial:

​

​

​

​

​

​

Commercial and industrial

​

$

153,398

​

$

134,182

Paycheck Protection Program (PPP)

​

​

22

​

​

17,311

Commercial loans secured by owner occupied real estate (1)

 

​

75,158

​

​

99,644

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

 

​

450,744

​

​

430,825

Real estate − residential mortgage (1)

 

​

297,971

​

​

287,996

Consumer

 

​

13,473

​

​

15,096

Loans, net of unearned income

​

$

990,766

​

$

985,054

(1)Real estate construction loans constituted 4.7% and 5.6% of the Company’s total loans, net of unearned income as of December 31, 2022 and 2021, respectively.
Summary of risk concentrations for commercial and commercial real estate loans by industry type

The following table provides information regarding our potential risk concentrations for commercial and commercial real estate loans by industry type at December 31, 2022 and 2021 (in thousands).

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​

​

​

​

​

DECEMBER 31, 2022

​

​

​

​

​

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

​

$

—

​

$

—

​

$

—

​

$

7,690

​

$

7,690

Multifamily/apartments/student housing

​

 

—

​

 

—

​

 

65

​

 

83,033

​

 

83,098

Office

​

 

44,959

​

 

—

​

 

7,428

​

 

23,775

​

 

76,162

Retail

​

 

6,478

​

 

—

​

 

17,072

​

 

147,601

​

 

171,151

Industrial/manufacturing/warehouse

​

 

82,540

​

 

—

​

 

11,016

​

 

77,640

​

 

171,196

Hotels

​

 

—

​

 

—

​

 

—

​

 

36,214

​

 

36,214

Eating and drinking places

​

 

276

​

 

22

​

 

4,575

​

 

1,354

​

 

6,227

Personal care

​

 

881

​

 

—

​

 

—

​

 

2,647

​

 

3,528

Amusement and recreation

​

 

66

​

 

—

​

 

3,223

​

 

3

​

 

3,292

Mixed use

​

 

—

​

 

—

​

 

4,268

​

 

51,222

​

 

55,490

Other

​

 

18,198

​

 

—

​

 

27,511

​

 

19,565

​

 

65,274

Total

​

$

153,398

​

$

22

​

$

75,158

​

$

450,744

​

$

679,322

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

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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

​