9. Loans

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


	September 30,		December 31,
	2019		2018
Commercial:
Commercial and industrial	$	163,385	$	158,279
Commercial loans secured by owner occupied real estate		82,378		91,905
Commercial loans secured by non-owner occupied real estate		367,045		356,543
Real estate – residential mortgage		238,140		237,964
Consumer		18,185		17,591
Loans, net of unearned income	$	869,133	$	862,282

Loan balances at September 30, 2019 and December 31, 2018 are net of unearned income of $396,000 and $322,000, respectively. Real estate-construction loans comprised 4.4% and 3.5% of total loans, net of unearned income at September 30, 2019 and December 31, 2018, respectively.