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LOANS
 12 Months Ended
Dec. 31, 2018
Accounts Receivable, Net [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
7. 
 
 LOANS
The loan portfolio of the Company consisted of the following:
 
 
AT DECEMBER 31,
 
  
 
2018
 
 
2017
 
  
 
(IN THOUSANDS)
 
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
158,279
 
 
$
159,192
 
Commercial loans secured by owner occupied real estate
 
 
91,905
 
 
 
89,935
 
Commercial loans secured by non-owner occupied real estate
 
 
356,543
 
 
 
373,845
 
Real estate – residential mortgage
 
 
237,964
 
 
 
247,278
 
Consumer
 
 
17,591
 
 
 
19,383
 
Loans, net of unearned income
 
$
862,282
 
 
$
889,633
 
Loan balances at December 31, 2018 and 2017 are net of unearned income of $322,000 and $399,000, respectively. Real estate construction loans comprised 3.5% and 4.1% of total loans net of unearned income at December 31, 2018 and 2017, respectively. The Company has no exposure to subprime mortgage loans in either the loan or investment portfolios. The Company has no direct loan exposure to foreign countries. Additionally, the Company has no significant industry lending concentrations. As of December 31, 2018 and 2017, loans to customers engaged in similar activities and having similar economic characteristics, as defined by standard industrial classifications, did not exceed 10% of total loans. Additionally, the majority of the Company’s lending occurs within a 250 mile radius of the Johnstown market.
In the ordinary course of business, the subsidiaries have transactions, including loans, with their officers, directors, and their affiliated companies. In management’s opinion, these transactions were on substantially the same terms as those prevailing at the time for comparable transactions with unaffiliated parties and do not involve more than the normal credit risk. These loans totaled $694,000 and $554,000 at December 31, 2018 and 2017, respectively.