LOANS

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



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

Commercial and industrial	$	34,152		$	20,023
Construction	21,912			13,348
Commercial real estate	465,600			382,262
Residential real estate	141,466			127,204
Consumer and other	1,060			1,253
Total loans receivable	664,190			544,090
Unearned net loan origination fees	(932		)	(667		)
Allowance for loan losses	(6,331		)	(5,590		)
Net loans receivable	$	656,927		$	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 $438 thousand and $454 thousand at September 30, 2016 and December 31, 2015, respectively. Mortgage servicing rights were immaterial at September 30, 2016 and December 31, 2015.