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Loans
9 Months Ended
Sep. 30, 2011
Loans [Abstract] 
Loans
8. Loans

The loan portfolio of the Company consists of the following (in thousands):

 

     September 30,
2011
     December 31,
2010
 

Commercial

   $ 78,626       $ 78,322   

Commercial loans secured by real estate

     356,718         369,904   

Real estate – mortgage

     209,430         203,317   

Consumer

     18,472         19,233   
  

 

 

    

 

 

 

Loans, net of unearned income

   $ 663,246       $ 670,776   
  

 

 

    

 

 

 

Loan balances at September 30, 2011 and December 31, 2010 are net of unearned income of $417,000 and $477,000, respectively.

Real estate-construction loans comprised 2.2%, and 3.9% of total loans, net of unearned income, at September 30, 2011 and December 31, 2010, respectively. The Company has no exposure to sub prime mortgage loans in either the loan or investment portfolios.