v3.25.1
Loans
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans Loans
Loan Portfolio Classifications

Major classifications of loans and their amortized cost as of the dates indicated were as follows:
(Dollars in thousands)March 31,
2025
December 31,
2024
Commercial real estate owner-occupied
$708,645 $704,634 
Commercial real estate non owner-occupied
1,629,394 1,563,201 
Commercial and industrial483,165 479,821 
Commercial construction664,936 679,969 
Total commercial loans3,486,140 3,427,625 
Residential mortgages450,456 443,096 
Home equity loans and lines 105,779 103,858 
Consumer7,267 8,319 
Total retail loans563,502 555,273 
Total loans4,049,642 3,982,898 
ACL for loans(64,042)(63,498)
Net loans$3,985,600 $3,919,400 

Net deferred loan origination fees, included in the amortized costs of loans reflected in the table above, amounted to $3.7 million at March 31, 2025 and $4.1 million at December 31, 2024.

Accrued interest receivable on loans amounted to $18.6 million and $17.8 million at March 31, 2025 and December 31, 2024, respectively, and was included in the "Accrued interest receivable" line item on the Company's Consolidated Balance Sheets.

Commercial loans originated by other banks in which the Company is a participating institution are carried at the pro-rata share of ownership and amounted to $168.0 million at March 31, 2025 and $163.7 million at December 31, 2024.

Loans serviced for others

The Company was servicing residential mortgage loans owned by investors amounting to $6.5 million and $6.7 million at March 31, 2025 and December 31, 2024, respectively. Additionally, the Company was servicing commercial loans originated by the Company and participated out to various other institutions amounting to $76.6 million and $77.4 million at March 31, 2025 and December 31, 2024, respectively.
Loans serving as collateral

Loans designated as qualified collateral and pledged to the FHLB for borrowing capacity as of the dates indicated are summarized below:
(Dollars in thousands)March 31, 2025December 31, 2024
Commercial real estate$416,762 $423,494 
Residential mortgages423,329 409,423 
Home equity32,308 33,418 
Total loans pledged to FHLB$872,399 $866,335