NOTE 3. LOANS

	March 31,				December 31,
(dollars in thousands)	2018				2017
Commercial and industrial loans:
Working capital lines of credit loans	$	778,779	20.2	%	$	743,609	19.4	%
Non-working capital loans		706,228	18.4			675,072	17.7
Total commercial and industrial loans		1,485,007	38.6			1,418,681	37.1

Commercial real estate and multi-family residential loans:
Construction and land development loans		237,887	6.2			224,474	5.9
Owner occupied loans		543,192	14.1			538,603	14.1
Nonowner occupied loans		507,041	13.2			508,121	13.3
Multifamily loans		193,956	5.0			173,715	4.5
Total commercial real estate and multi-family residential loans		1,482,076	38.5			1,444,913	37.8

Agri-business and agricultural loans:
Loans secured by farmland		145,363	3.8			186,437	4.9
Loans for agricultural production		171,607	4.5			196,404	5.1
Total agri-business and agricultural loans		316,970	8.3			382,841	10.0

Other commercial loans		116,657	3.0			124,076	3.3
Total commercial loans		3,400,710	88.4			3,370,511	88.2

Consumer 1-4 family mortgage loans:
Closed end first mortgage loans		180,542	4.7			179,302	4.7
Open end and junior lien loans		179,065	4.7			181,865	4.8
Residential construction and land development loans		13,342	0.3			13,478	0.3
Total consumer 1-4 family mortgage loans		372,949	9.7			374,645	9.8

Other consumer loans		73,277	1.9			74,369	2.0
Total consumer loans		446,226	11.6			449,014	11.8
Subtotal		3,846,936	100.0	%		3,819,525	100.0	%
Less: Allowance for loan losses		(45,627)				(47,121)
Net deferred loan fees		(1,268)				(1,066)
Loans, net	$	3,800,041			$	3,771,338

The recorded investment in loans does not include accrued interest.

The Company had $156,000 in residential real estate loans in the process of foreclosure as of March 31, 2018, compared to $47,000 as of December 31, 2017.