| Schedule of Loans by Loan Classification |
Major classifications of loans at amortized cost at the periods indicated were as follows(1): | | | | | | | | | | | | | | | | (Dollars in thousands) | | December 31, 2021 | | December 31, 2020 | | Commercial real estate | | $ | 1,680,792 | | | $ | 1,476,236 | | | Commercial and industrial | | 412,070 | | | 435,548 | | | Commercial construction | | 410,443 | | | 371,856 | | | SBA Paycheck Protection Program ("PPP") | | 71,502 | | | 443,070 | | | Total commercial loans | | 2,574,807 | | | 2,726,710 | | | | | | | | Residential mortgages | | 256,940 | | | 252,995 | | | Home equity loans and lines | | 80,467 | | | 85,178 | | | Consumer | | 8,470 | | | 8,977 | | | Total retail loans | | 345,877 | | | 347,150 | | |
|
|
| Total loans | | 2,920,684 | | | 3,073,860 | | | | | | | | Allowance for credit losses | | (47,704) | | | (44,565) | | | Net loans | | $ | 2,872,980 | | | $ | 3,029,295 | |
__________________________________________ (1) Upon the adoption of CECL, the Company includes deferred fees as part of the portfolio segment balance at amortized cost. The prior period balances have been adjusted to conform to this presentation.
|
| Schedule of Loans Pledged as Collateral |
Loans designated as qualified collateral and pledged to the FHLB for borrowing capacity for the periods indicated are summarized below: | | | | | | | | | | | | | | | | (Dollars in thousands) | | December 31, 2021 | | December 31, 2020 | | Commercial real estate | | $ | 143,056 | | | $ | 195,936 | | | Residential mortgages | | 235,744 | | | 233,050 | | | Home equity | | 5,055 | | | 5,971 | | | Total loans pledged to FHLB | | $ | 383,855 | | | $ | 434,957 | |
|