Loans

9 Months Ended

Sep. 30, 2011

Loans [Abstract]

Loans

Note C –Loans

The following summarizes the Company's loans, by portfolio segment:

(In thousands)	September 30, 2011			December 31, 2010
Residential real estate	$	630,679		$	610,369
Home equity		427,471			416,172
Commercial and industrial		119,377			134,612
Commercial real estate		708,558			661,758
Consumer		36,575			38,424
DDA overdrafts		2,924			2,876
Previously securitized loans		214			789
Gross loans		1,925,798			1,865,000
Allowance for loan losses		(19,848	)		(18,224	)
Net loans	$	1,905,950		$	1,846,776

Construction loans of $7.5 million and $7.9 million are included within residential real estate loans at September 30, 2011 and December 31, 2010, respectively.  Construction loans of $23.9 million and $31.5 million are included within commercial real estate loans at September 30, 2011 and December 31, 2010, respectively.  The Company's commercial and residential real estate construction loans are primarily secured by real estate within the Company's principal markets.  These loans were originated under the Company's loan policy, which is focused on the risk characteristics of the loan portfolio, including construction loans.  Adequate consideration has been given to these loans in establishing the Company's allowance for loan losses.