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LOANS HELD FOR SALE
6 Months Ended
Jun. 30, 2019
Receivables Held For Sale [Abstract]  
LOANS HELD FOR SALE

NOTE 9 – LOANS HELD FOR SALE

 

The Corporation’s loans held-for-sale portfolio as of the dates indicated was composed of:

 

 

 

 

 

 

June 30, 2019

 

December 31, 2018

 

(In thousands)

 

 

Residential mortgage loans

$

26,486

 

$

27,075

 

Construction loans

 

-

 

 

3,015

 

Commercial and Industrial loans (1)

 

-

 

 

1,725

 

Commercial mortgage loans (1)

 

7,144

 

 

11,371

 

Total

$

33,630

 

$

43,186

 

 

 

 

 

 

 

 

 

During the first quarter of 2019, the Corporation completed the sale of $4.8 million in nonacrrual loans held for sale ($3.7 million commercial mortgage and $1.1 million commercial and industrial).