(promisory) note receivable = loan ?

If a bank buys a (promissory) note from an individual can they book that note as a loan? Or do they have to enter it in the books as a "note receivable"?

Let's say the promissory note they buy promises to pay the bank monthly interest and the principal at the end of the term specified on the note. Also, the collateral for this note is a real estate property.That, in essence, is a interest-only loan.
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