| LOANS |
LOANS Loans HFI, excluding loans measured at fair value, at March 31, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | March 31,
2026 | | December 31,
2025 | Real estate: | | | | Residential | $ | 359,305 | | | $ | 365,427 | | Commercial | 216,643 | | | 215,771 | | Construction and land | 36,732 | | | 48,397 | | Commercial and industrial | 171,666 | | | 181,566 | | Commercial and industrial - PPP | 6 | | | 6 | | Consumer and other | 82,269 | | | 86,441 | | Loans HFI, excluding loans measured at fair value, gross | 866,621 | | | 897,608 | | Deferred loan costs, net | 15,559 | | | 16,371 | | Discount on government guaranteed loans(1) | (6,007) | | | (6,811) | | Premium on loans purchased, net | 2,446 | | | 2,650 | | Allowance for credit losses | (20,632) | | | (21,996) | | Net loans HFI, excluding loans measured at fair value | $ | 857,987 | | | $ | 887,822 | |
(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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