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LOANS
6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
LOANS

NOTE 3. LOANS

June 30, 

December 31, 

(dollars in thousands)

    

2019

    

2018

Commercial and industrial loans:

Working capital lines of credit loans

$

755,090

18.9

%

$

690,620

17.6

%

Non-working capital loans

695,235

17.3

714,759

18.3

Total commercial and industrial loans

1,450,325

36.2

1,405,379

35.9

Commercial real estate and multi-family residential loans:

Construction and land development loans

321,550

8.0

266,805

6.8

Owner occupied loans

557,115

13.9

586,325

15.0

Nonowner occupied loans

533,880

13.4

520,901

13.3

Multifamily loans

242,966

6.1

195,604

5.0

Total commercial real estate and multi-family residential loans

1,655,511

41.4

1,569,635

40.1

Agri-business and agricultural loans:

Loans secured by farmland

148,883

3.7

177,503

4.6

Loans for agricultural production

165,595

4.2

193,010

4.9

Total agri-business and agricultural loans

314,478

7.9

370,513

9.5

Other commercial loans

104,084

2.6

95,657

2.4

Total commercial loans

3,524,398

88.1

3,441,184

87.9

Consumer 1-4 family mortgage loans:

Closed end first mortgage loans

187,863

4.7

185,822

4.7

Open end and junior lien loans

188,558

4.7

187,030

4.8

Residential construction and land development loans

12,270

0.3

16,226

0.4

Total consumer 1-4 family mortgage loans

388,691

9.7

389,078

9.9

Other consumer loans

86,996

2.2

86,064

2.2

Total consumer loans

475,687

11.9

475,142

12.1

Subtotal

4,000,085

100.0

%

3,916,326

100.0

%

Less: Allowance for loan losses

(50,564)

(48,453)

Net deferred loan fees

(1,467)

(1,581)

Loans, net

$

3,948,054

$

3,866,292

The recorded investment in loans does not include accrued interest.

The Company had $493,000 in residential real estate loans in the process of foreclosure as of June 30, 2019, compared to $586,000 as of December 31, 2018.