Loans

3 Months Ended

Mar. 31, 2012

Loans [Abstract]

Loans

Note D –Loans

The following summarizes the Company’s major classifications for loans:

( In thousands)	March 31, 2012	December 31, 2011
Residential real estate	$939,611	$929,788
Home equity – junior liens (including lines of credit)	139,764	141,797
Commercial and industrial	108,707	130,899
Commercial real estate	745,586	732,146
Consumer	35,448	35,845
DDA overdrafts	2,848	2,628
Gross loans	1,971,964	1,973,103
Allowance for loan losses	(18,628)	(19,409)
Net loans	$1,953,336	$1,953,694

Construction loans of $11.6 million and $9.2 million are included within residential real estate loans at March 31, 2012 and December 31, 2011, respectively.Construction loans of $20.7 million and $20.2 million are included within commercial real estate loans at March 31, 2012 and December 31, 2011, 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.