LOANS

9 Months Ended

Sep. 30, 2019

LOANS

LOANS

NOTE 3. LOANS

	September 30,				December 31,
(dollars in thousands)	2019				2018
Commercial and industrial loans:
Working capital lines of credit loans	$	730,557	18.2	%	$	690,620	17.6	%
Non-working capital loans		701,773	17.4			714,759	18.3
Total commercial and industrial loans		1,432,330	35.6			1,405,379	35.9
Commercial real estate and multi-family residential loans:
Construction and land development loans		319,420	7.9			266,805	6.8
Owner occupied loans		556,536	13.8			586,325	15.0
Nonowner occupied loans		545,444	13.5			520,901	13.3
Multifamily loans		259,408	6.5			195,604	5.0
Total commercial real estate and multi-family residential loans		1,680,808	41.7			1,569,635	40.1
Agri-business and agricultural loans:
Loans secured by farmland		176,024	4.4			177,503	4.6
Loans for agricultural production		153,943	3.8			193,010	4.9
Total agri-business and agricultural loans		329,967	8.2			370,513	9.5
Other commercial loans		100,100	2.5			95,657	2.4
Total commercial loans		3,543,205	88.0			3,441,184	87.9
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans		187,404	4.6			185,822	4.7
Open end and junior lien loans		191,597	4.8			187,030	4.8
Residential construction and land development loans		11,774	0.3			16,226	0.4
Total consumer 1-4 family mortgage loans		390,775	9.7			389,078	9.9
Other consumer loans		90,631	2.3			86,064	2.2
Total consumer loans		481,406	12.0			475,142	12.1
Subtotal		4,024,611	100.0	%		3,916,326	100.0	%
Less: Allowance for loan losses		(50,628)				(48,453)
Net deferred loan fees		(1,390)				(1,581)
Loans, net	$	3,972,593			$	3,866,292

The recorded investment in loans does not include accrued interest.

The Company had $1.5 million in residential real estate loans in the process of foreclosure as of September 30, 2019, compared to $586,000 as of December 31, 2018.