7. Loans

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

	September 30, 2014		December 31, 2013
Commercial	$	134,352	$	120,102
Commercial loans secured by real estate		404,243		411,691
Real estate-mortgage		257,567		235,689
Consumer		17,761		15,864
Loans, net of unearned income	$	813,923	$	783,346

Loan balances at September 30, 2014 and December 31, 2013 are net of unearned income of $554,000 and $581,000, respectively. Real estate-construction loans comprised 3.5% and 3.0% of total loans, net of unearned income at September 30, 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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