Loans

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

	September 30, 2015		December 31, 2014
Commercial	$	169,472	$	139,126
Commercial loans secured by real estate		418,168		410,329
Real estate – mortgage		257,530		258,616
Consumer		20,130		19,009
Loans, net of unearned income	$	865,300	$	827,080

Loan balances at September 30, 2015 and December 31, 2014 are net of unearned income of $590,000 and $554,000, respectively. Real estate-construction loans comprised 3.4% and 3.5% of total loans, net of unearned income at September 30, 2015 and December 31, 2014, respectively.