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LOANS
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
LOANS
NOTE 3. LOANS
 
 
 
March 31,
December 31,
(dollars in thousands)
2019
2018
Commercial and industrial loans:
      
  Working capital lines of credit loans
 $726,895
 18.4
 %
 $690,620
 17.6
 %
  Non-working capital loans
 700,447
 17.8
 
 714,759
 18.3
 
    Total commercial and industrial loans
 1,427,342
 36.2
 
 1,405,379
 35.9
 
       
Commercial real estate and multi-family residential loans:
      
  Construction and land development loans
 293,818
 7.5
 
 266,805
 6.8
 
  Owner occupied loans
 557,296
 14.1
 
 586,325
 15.0
 
  Nonowner occupied loans
 537,569
 13.7
 
 520,901
 13.3
 
  Multifamily loans
 240,939
 6.1
 
 195,604
 5.0
 
    Total commercial real estate and multi-family residential loans
 1,629,622
 41.4
 
 1,569,635
 40.1
 
       
Agri-business and agricultural loans:
      
  Loans secured by farmland
139,645
 3.6
 
177,503
 4.6
 
  Loans for agricultural production
162,662
 4.1
 
193,010
 4.9
 
    Total agri-business and agricultural loans
302,307
 7.7
 
370,513
 9.5
 
       
Other commercial loans
 112,021
 2.8
 
 95,657
 2.4
 
  Total commercial loans
 3,471,292
 88.1
 
 3,441,184
 87.9
 
       
Consumer 1-4 family mortgage loans:
      
  Closed end first mortgage loans
 188,777
 4.8
 
 185,822
 4.7
 
  Open end and junior lien loans
 182,791
 4.7
 
 187,030
 4.8
 
  Residential construction and land development loans
 13,142
 0.3
 
 16,226
 0.4
 
  Total consumer 1-4 family mortgage loans
 384,710
 9.8
 
 389,078
 9.9
 
       
Other consumer loans
 84,650
 2.1
 
 86,064
 2.2
 
  Total consumer loans
 469,360
 11.9
 
 475,142
 12.1
 
  Subtotal
 3,940,652
 100.0
 %
 3,916,326
 100.0
 %
Less:  Allowance for loan losses
 (49,562)
  
 (48,453)
  
           Net deferred loan fees
 (1,642)
  
 (1,581)
  
Loans, net
 $3,889,448
  
 $3,866,292
  
 
The recorded investment in loans does not include accrued interest.
 
The Company had $533,000 in residential real estate loans in the process of foreclosure as of March 31, 2019, compared to $586,000 as of December 31, 2018.