4. Loans & Leases

Loans & leases as of December 31 consisted of the following:

(in thousands)	2013		2012
Commercial Real Estate	$	411,037	$	353,109
Agricultural Real Estate		328,264		311,992
Real Estate Construction		41,092		32,680
Residential 1st Mortgages		151,292		140,257
Home Equity Lines and Loans		35,477		42,042
Agricultural		256,414		221,032
Commercial		150,398		143,293
Consumer & Other		5,052		5,058
Leases		12,733		-
Total Gross Loans & Leases		1,391,759		1,249,463
Less: Unearned Income		3,523		2,561
Subtotal		1,388,236		1,246,902
Less: Allowance for Credit Losses		34,274		34,217
Loans & Leases, Net	$	1,353,962	$	1,212,685

At December 31, 2013, the portion of loans that were approved for pledging as collateral on borrowing lines with the Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank (“FRB”) were $456.5 million and $496.5 million, respectively. The borrowing capacity on these loans was $346.4 million from FHLB and $369.4 million from the FRB.