| LOANS |
LOANS Loans HFI, excluding loans measured at fair value, at June 30, 2025 and December 31, 2024 were as follows: | | | | | | | | | | | | | June 30,
2025 | | December 31,
2024 | Real estate: | | | | Residential | $ | 356,559 | | | $ | 330,870 | | Commercial | 292,923 | | | 305,721 | | Construction and land | 53,187 | | | 32,914 | | Commercial and industrial | 223,239 | | | 226,522 | | Commercial and industrial - PPP | 191 | | | 941 | | Consumer and other | 93,333 | | | 93,826 | | Loans HFI, excluding loans measured at fair value, gross | 1,019,432 | | | 990,794 | | Deferred loan costs, net | 21,118 | | | 19,499 | | Discount on government guaranteed loans(1) | (8,780) | | | (8,306) | | Premium on loans purchased, net | 3,342 | | | 3,739 | | Allowance for credit losses | (17,041) | | | (15,512) | | Net loans HFI, excluding loans measured at fair value | $ | 1,018,071 | | | $ | 990,214 | |
(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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