NOTE D—LOANS

Major classes of loans are as follows:


	December 31
(In thousands)	2013			2012

Commercial, financial, and agricultural
Owner-occupied	$	654,963		$	728,906
Nonowner-occupied		1,917,785			1,740,420
Other commercial		1,338,355			1,377,083

Total commercial, financial & agricultural		3,911,103			3,846,409
Residential real estate		1,821,378			1,838,252
Construction & land development		670,364			550,677
Consumer:
Bankcard		11,023			11,236
Other Consumer		299,731			271,206
Less: Unearned interest		(9,016	)		(6,364	)

Total Loans, net of unearned interest	$	6,704,583		$	6,511,416

The table above does not include loans held for sale of $4,236,000 and $17,762,000 at December 31, 2013 and December 31, 2012, respectively. Loans held for sale consist of single-family residential real estate loans originated for sale in the secondary market.

The outstanding balances in the table above include acquired impaired loans with a recorded investment of $31,099,000 and $33,206,000, or less than 1% of total gross loans, at December 31, 2013 and 2012, respectively. The contractual principal in these acquired impaired loans was $52,237,000 and $55,685,000 at December 31, 2013 and 2012, respectively. The balances above do not include future accretable net interest (i.e. the difference between the undiscounted expected cash flows and the recorded investment in the loan) on the acquired impaired loans.

Activity for the accretable yield for the year of 2013 follows.


(In thousands)
Accretable yield at the beginning of the period	$	2,331
Accretion (including cash recoveries)		(3,192	)
Net reclassifications to accretable from non-accretable		3,373
Disposals (including maturities, foreclosures, and charge-offs)		(261	)

Accretable yield at the ending of the period	$	2,251

At December 31, 2013 and 2012, loans-in-process of $43,158,000 and $68,255,000 and overdrafts from deposit accounts of $4,344,000 and $11,231,000, respectively, are included within the appropriate loan classifications above.

United’s subsidiary banks have made loans, in the normal course of business, to the directors and officers of United and its subsidiaries, and to their associates. Such related party loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and did not involve more than normal risk of collectibility. The aggregate dollar amount of these loans was $150,798,000 and $150,638,000 at December 31, 2013 and 2012, respectively. During 2013, $208,970,000 of new loans were made and repayments totaled $208,810,000.