Loans

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

	June 30, 2015		December 31, 2014
Commercial	$	155,459	$	139,126
Commercial loans secured by real estate		427,174		410,329
Real estate – mortgage		259,144		258,616
Consumer		20,073		19,009
Loans, net of unearned income	$	861,850	$	827,080

Loan balances at June 30, 2015 and December 31, 2014 are net of unearned income of $635,000 and $554,000, respectively. Real estate-construction loans comprised 2.9% and 3.5% of total loans, net of unearned income at June 30, 2015 and December 31, 2014, respectively.