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LOANS (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of Loans HFI at Amortized Cost | Loans HFI, at amortized cost, at September 30, 2024 and December 31, 2023 were as follows:
| September 30, 2024 |  | December 31, 2023
Real estate: |  |  |
Residential | $ | 321,740 |  |  | $ | 264,126 |
Commercial | 292,026 |  |  | 293,595 |
Construction and land | 33,784 |  |  | 26,272 |
Commercial and industrial | 200,212 |  |  | 177,566 |
Commercial and industrial - PPP | 1,656 |  |  | 3,202 |
Consumer and other | 92,546 |  |  | 47,287 |
Loans HFI, at amortized cost, gross | 941,964 |  |  | 812,048 |
Deferred loan costs, net | 18,060 |  |  | 14,707 |
Discount on government guaranteed loans sold(1) | (7,880) |  |  | (7,040) |
Premium on loans purchased, net | 3,860 |  |  | 4,503 |
Allowance for credit losses | (14,186) |  |  | (13,497) |
Net loans HFI, at amortized cost | $ | 941,818 |  |  | $ | 810,721 |
(1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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