LOANS

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

LOANS

NOTE 3 – LOANS

Total loans outstanding as of the years ended December 31, 2018 and 2017 consisted of the following:

(dollars in thousands)	2018	2017
Commercial and industrial loans:
Working capital lines of credit loans	$690,620	$743,609
Non-working capital loans	714,759	675,072
Total commercial and industrial loans	1,405,379	1,418,681
Commercial real estate and multi-family residential loans:
Construction and land development loans	266,805	224,474
Owner occupied loans	586,325	538,603
Nonowner occupied loans	520,901	508,121
Multi-family loans	195,604	173,715
Total commercial real estate and multi-family residential loans	1,569,635	1,444,913
Agri-business and agricultural loans:
Loans secured by farmland	177,503	186,437
Loans for agricultural production	193,010	196,404
Total agri-business and agricultural loans	370,513	382,841
Other commercial loans	95,657	124,076
Total commercial loans	3,441,184	3,370,511
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	185,822	179,302
Open end and junior lien loans	187,030	181,865
Residential construction and land development loans	16,226	13,478
Total consumer 1-4 family mortgage loans	389,078	374,645
Other consumer loans	86,064	74,369
Total consumer loans	475,142	449,014
Total loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3,916,326	3,819,525
Less:  Allowance for loan losses	(48,453)	(47,121)
Net deferred loan fees	(1,581)	(1,066)
Loans, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$3,866,292	$3,771,338

The recorded investment in loans does not include accrued interest.

The Company had $586,000 and $47,000 in residential real estate loans in process of foreclosure as of December 31, 2018 and 2017, respectively.