LOANS HELD FOR SALE

3 Months Ended

Mar. 31, 2019

Receivables Held For Sale [Abstract]

LOANS HELD FOR SALE [Text Block]

NOTE 9–LOANS HELD FOR SALE

The Corporation’s loans held-for-sale portfolio as of the dates indicated was composed of:

		March 31, 2019		December 31, 2018
(In thousands)
Residential mortgage loans		$	25,794	$	27,075
Construction loans			-		3,015
Commercial and Industrial loans (1)			-		1,725
Commercial mortgage loans (1)			7,381		11,371
Total		$	33,175	$	43,186
(1)	During the first quarter of 2019, the Corporation completed the sale of $4.8 million in nonacrrual loans held for sale ($3.7 million commercial mortgage and $1.1 million commercial and industrial).