7. Loans

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


	March 31, 2013		December 31, 2012
Commercial	$	98,966	$	102,822
Commercial loans secured by real estate		376,161		383,339
Real estate - mortgage		221,716		217,584
Consumer		17,068		17,420
Loans, net of unearned income	$	713,911	$	721,165

Loan balances at March 31, 2013 and December 31, 2012 are net of unearned income of $602,000 and $637,000, respectively. Real estate-construction loans comprised 2.5%, and 2.0% of total loans, net of unearned income, at March 31, 2013 and December 31, 2012, respectively. The Company has no exposure to subprime mortgage loans in the loan portfolio.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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+ Details