LOANS

The composition of net loans receivable at June 30, 2016 and December 31, 2015 is as follows:



(Dollars in thousands)	June 30, 2016			December 31, 2015

Commercial and industrial	$	31,800		$	20,023
Construction	16,474			13,348
Commercial real estate	453,679			382,262
Residential real estate	137,903			127,204
Consumer and other	1,178			1,253
Total loans receivable	641,034			544,090
Unearned net loan origination fees	(847		)	(667		)
Allowance for loan losses	(5,988		)	(5,590		)
Net loans receivable	$	634,199		$	537,833

Mortgage loans serviced for others are not included in the accompanying balance sheets. The total amount of loans serviced for the benefit of others was approximately $443 thousand and $454 thousand at June 30, 2016 and December 31, 2015, respectively. Mortgage servicing rights were immaterial at June 30, 2016 and December 31, 2015.