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LOANS (Tables)
12 Months Ended
Dec. 31, 2024
LOANS  
Schedule of loan portfolio

The loan portfolio of the Company consists of the following:

AT DECEMBER 31, 

    

2024

    

2023

(IN THOUSANDS)

Commercial:

Commercial real estate (owner occupied) (1)

$

86,953

$

89,147

Other commercial and industrial

147,251

159,424

Commercial real estate (non-owner occupied):

 

Retail (1)

181,778

161,961

Multi-family (1)

132,364

110,008

Other (1)

233,882

240,286

Residential mortgages (1)

 

177,110

174,670

Consumer

 

108,611

102,775

Loans, net of unearned income

$

1,067,949

$

1,038,271

(1)Real estate construction loans constituted 3.6% and 3.4% of the Company’s total loans, net of unearned income as of December 31, 2024 and 2023, respectively.
Schedule of loan activity with related parties

The following tables summarize the loan activity with related parties for the years ended December 31, 2024 and 2023 (in thousands).

YEAR ENDED DECEMBER 31, 2024

BALANCE AT DECEMBER 31, 2023

ADDITIONS

REPAYMENTS

BALANCE AT DECEMBER 31, 2024

Loans to related parties

$

663

$

48

$

171

$

540

YEAR ENDED DECEMBER 31, 2023

BALANCE AT DECEMBER 31, 2022

ADDITIONS

REPAYMENTS

BALANCE AT DECEMBER 31, 2023

Loans to related parties

$

587

$

602

$

526

$

663