3. Loans

Loans were comprised of the following at the dates indicated (in thousands):

	December 31,		December 31,
	2015		2014
Consumer and credit card	$	40,587	$	37,507
Residential real estate and home equity		137,645		129,650
Commercial and industrial		99,213		106,222
Commercial real estate		100,743		111,851
		378,188		385,230
Net deferred loan costs		325		214
Loans		378,513		385,444
Allowance for loan losses		(4,333)		(4,236)
Net loans	$	374,180	$	381,208

Loans to principal officers, directors, and their related affiliates during 2015 in the normal course of business were as follows (in thousands):

	2015
Balance at beginning of year	$	8,107
New loans		-
Repayments		(3,195)
Balance at end of year	$	4,912

Loans serviced for others totaled $1.8 million and $2.1 million at December 31, 2015 and 2014, respectively. The Company had net servicing assets of $3,000 at December 31, 2015 and 2014, respectively.