4. Loans & Leases

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

(in thousands)	2014		2013
Commercial Real Estate	$	495,316	$	411,037
Agricultural Real Estate		357,207		328,264
Real Estate Construction		96,519		41,092
Residential 1st Mortgages		171,880		151,292
Home Equity Lines and Loans		33,017		35,477
Agricultural		281,963		256,414
Commercial		230,819		150,398
Consumer & Other		4,719		5,052
Leases		44,217		12,733
Total Gross Loans & Leases		1,715,657		1,391,759
Less: Unearned Income		3,413		3,523
Subtotal		1,712,244		1,388,236
Less: Allowance for Credit Losses		35,401		34,274
Loans & Leases, Net	$	1,676,843	$	1,353,962

At December 31, 2014, 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 $516.6 million and $537.5 million, respectively. The borrowing capacity on these loans was $256.6 million from FHLB and $340.5 million from the FRB.