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LOANS | 12 Months Ended
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Dec. 31, 2019
LOANS |
LOANS | 7. LOANS The loan portfolio of the Company consisted of the following:
|  | AT DECEMBER 31,
|  | 2019 |  | 2018
|  | (IN THOUSANDS)
Commercial: |  |  |  |  |  |
Commercial and industrial |  | $ | 173,922 |  | $ | 158,279
Commercial loans secured by owner occupied real estate |  |  | 91,655 |  |  | 91,905
Commercial loans secured by non-owner occupied real estate |  |  | 363,635 |  |  | 356,543
Real estate − residential mortgage |  |  | 235,239 |  |  | 237,964
Consumer |  |  | 18,255 |  |  | 17,591
Loans, net of unearned income |  | $ | 882,706 |  | $ | 862,282
Loan balances at December 31, 2019 and 2018 are net of unearned income of $384,000 and $322,000, respectively. Real estate construction loans comprised 4.9% and 3.5% of total loans net of unearned income at December 31, 2019 and 2018, 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, 2019 and 2018, 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 $544,000 and $694,000 at December 31, 2019 and 2018, respectively.

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- 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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