4. Loans & Leases

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

(in thousands)	2015		2014
Commercial Real Estate	$	609,602	$	495,316
Agricultural Real Estate		424,034		357,207
Real Estate Construction		151,974		96,519
Residential 1st Mortgages		206,405		171,880
Home Equity Lines and Loans		33,056		33,017
Agricultural		293,966		281,963
Commercial		210,804		230,819
Consumer & Other		6,592		4,719
Leases		65,054		44,217
Total Gross Loans & Leases		2,001,487		1,715,657
Less: Unearned Income		5,128		3,413
Subtotal		1,996,359		1,712,244
Less: Allowance for Credit Losses		41,523		35,401
Loans & Leases, Net	$	1,954,836	$	1,676,843

At December 31, 2015, 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 $588.3 million and $595.9 million, respectively. The borrowing capacity on these loans was $500.4 million from FHLB and $365.6 million from the FRB.