7. Loans

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


	March 31, 2014		December 31, 2013
Commercial	$	125,854	$	120,102
Commercial loans secured by real estate		405,103		411,691
Real estate - mortgage		239,545		235,689
Consumer		16,310		15,864
Loans, net of unearned income	$	786,812	$	783,346

Loan balances at March 31, 2014 and December 31, 2013 are net of unearned income of $589,000 and $581,000, respectively. Real estate-construction loans comprised 1.9%, and 3.0% of total loans, net of unearned income, at March 31, 2014 and December 31, 2013, respectively.

- 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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