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Loans | 3 Months Ended
--- | ---
Mar. 31, 2020
Loans |
Loans | 8. Loans The loan portfolio of the Company consists of the following (in thousands):
|  | March 31, |  | December 31,
|  | 2020 |  | 2019
Commercial: |  |  |  |  |  |
Commercial and industrial |  | $ | 166,911 |  | $ | 173,922
Commercial loans secured by owner occupied real estate |  |  | 87,310 |  |  | 91,655
Commercial loans secured by non-owner occupied real estate |  |  | 370,266 |  |  | 363,635
Real estate – residential mortgage |  |  | 230,207 |  |  | 235,239
Consumer |  |  | 17,955 |  |  | 18,255
Loans, net of unearned income |  | $ | 872,649 |  | $ | 882,706
Loan balances at March 31, 2020 and December 31, 2019 are net of unearned income of $406,000 and $384,000, respectively. Real estate construction loans comprised 5.4% and 4.9% of total loans, net of unearned income at March 31, 2020 and December 31, 2019, respectively. The effects of the COVID-19 pandemic are not fully reflected in the Company’s first quarter operating results. Certain loans within our commercial and commercial real estate portfolios are expected to be disproportionately adversely affected by the pandemic. Due to mandatory lockdowns and travel restrictions, certain industries, such as hospitality, travel, food service and restaurants and bars, may suffer greater losses as a result of COVID-19. The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at March 31, 2020 (in thousands).
|  |  |  |  | Commercial loans |  | Commercial loans |  |  |
|  | Commercial |  | secured by owner |  | secured by non-owner |  |  |
|  | and industrial |  | occupied real estate |  | occupied real estate |  | Total
1-4 unit residential |  | $ | 1,603 |  | $ | 133 |  | $ | 3,439 |  | $ | 5,175
Multifamily/apartments/student housing |  |  | — |  |  | 359 |  |  | 53,065 |  |  | 53,424
Office |  |  | 37,929 |  |  | 10,280 |  |  | 38,218 |  |  | 86,427
Retail |  |  | 4,129 |  |  | 21,333 |  |  | 108,763 |  |  | 134,225
Industrial/manufacturing/warehouse |  |  | 101,464 |  |  | 17,698 |  |  | 40,115 |  |  | 159,277
Hotels |  |  | 419 |  |  | — |  |  | 45,764 |  |  | 46,183
Eating and drinking places |  |  | 887 |  |  | 4,434 |  |  | 597 |  |  | 5,918
Amusement and recreation |  |  | 210 |  |  | 3,384 |  |  | 57 |  |  | 3,651
Mixed use |  |  | — |  |  | 1,574 |  |  | 65,631 |  |  | 67,205
Other |  |  | 20,270 |  |  | 28,115 |  |  | 14,617 |  |  | 63,002
Total |  | $ | 166,911 |  | $ | 87,310 |  | $ | 370,266 |  | $ | 624,487

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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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