XML 29 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans
12 Months Ended
Dec. 31, 2017
Loans Receivable, Net [Abstract]  
Loans
LOANS

The following summarizes the Company’s major classifications for loans (in thousands):

 
December 31, 2017
December 31, 2016
 
 
 
Residential real estate
$
1,468,278

$
1,451,462

Home equity
139,499

141,965

Commercial and industrial
208,484

185,667

Commercial real estate
1,277,576

1,229,516

Consumer
29,162

32,545

DDA overdrafts
4,411

5,071

Gross loans
3,127,410

3,046,226

Allowance for loan losses
(18,836
)
(19,730
)
Net loans
$
3,108,574

$
3,026,496


 
Construction loans of $25.3 million and $14.2 million are included within residential real estate loans at December 31, 2017 and December 31, 2016, respectively.  Construction loans of $28.9 million and $12.8 million are included within commercial real estate loans at December 31, 2017 and December 31, 2016, 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.