NOTE 3. LOANS

	March 31,			December 31,
(dollars in thousands)	2017			2016
Commercial and industrial loans:
Working capital lines of credit loans	$650,691	18.4	%	$624,404	18.0	%
Non-working capital loans	673,374	19.1		644,086	18.5
Total commercial and industrial loans	1,324,065	37.5		1,268,490	36.5

Commercial real estate and multi-family residential loans:
Construction and land development loans	238,018	6.7		245,182	7.1
Owner occupied loans	468,621	13.3		469,705	13.5
Nonowner occupied loans	463,186	13.1		458,404	13.2
Multifamily loans	201,147	5.7		127,632	3.7
Total commercial real estate and multi-family residential loans	1,370,972	38.8		1,300,923	37.5

Agri-business and agricultural loans:
Loans secured by farmland	138,071	3.9		172,633	5.0
Loans for agricultural production	189,516	5.4		222,210	6.4
Total agri-business and agricultural loans	327,587	9.3		394,843	11.4

Other commercial loans	105,684	3.0		98,270	2.8
Total commercial loans	3,128,308	88.6		3,062,526	88.2

Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	166,158	4.7		163,155	4.7
Open end and junior lien loans	167,517	4.7		169,664	4.9
Residential construction and land development loans	10,274	0.3		15,015	0.4
Total consumer 1-4 family mortgage loans	343,949	9.7		347,834	10.0

Other consumer loans	60,881	1.7		61,308	1.8
Total consumer loans	404,830	11.4		409,142	11.8
Subtotal	3,533,138	100.0	%	3,471,668	100.0	%
Less: Allowance for loan losses	(43,774)			(43,718)
Net deferred loan fees	(859)			(741)
Loans, net	$3,488,505			$3,427,209

The recorded investment in loans does not include accrued interest.

The Company had $282,000 in residential real estate loans in the process of foreclosure as of March 31, 2017, compared to $241,000 as of December 31, 2016.