Loans Receivable

9 Months Ended

Sep. 30, 2019

Loans Receivable

Loans Receivable

(5)      Loans Receivable

Loans and leases outstanding at September 30, 2019 and December 31, 2018 are detailed by category as follows:

	September 30,		December 31,
(dollars in thousands)	2019		2018
Mortgage loans held for sale	$	48,615	37,695
Real estate loans:
Commercial mortgage		357,418	325,393
Home equity lines and loans		83,412	82,286
Residential mortgage (1)		56,272	53,360
Construction		154,463	116,906
Total real estate loans		651,565	577,945
Commercial and industrial		284,376	259,806
Consumer		984	701
Leases, net		828	1,335
Total portfolio loans and leases		937,753	839,787
Total loans and leases	$	986,368	877,482
Loans with predetermined rates	$	294,297	264,376
Loans with adjustable or floating rates		692,071	613,106
Total loans and leases	$	986,368	877,482
Net deferred loan origination (fees) costs	$	(1,895)	(1,681)

(1) Includes $11,278 and $11,422  of loans at fair value as of September 30, 2019 and December 31, 2018, respectively.

Components of the net investment in leases at September 30, 2019 and December 31, 2018 are detailed as follows:

	September 30,		December 31,
(dollars in thousands)	2019		2018
Minimum lease payments receivable	$	869	1,420
Unearned lease income		(41)	(85)
Total	$	828	1,335

Age Analysis of Past Due Loans and Leases

The following tables present an aging of the Corporation’s loan and lease portfolio as of September 30, 2019 and December 31, 2018, respectively:

						Total
			90+ days			Accruing	Nonaccrual
September 30, 2019	30-89 days		past due and	Total past		Loans and	loans and	Total loans	Delinquency
(dollars in thousands)	past due		still accruing	due	Current	leases	leases	and leases	percentage
Commercial mortgage	$	—	—	—	355,869	355,869	1,549	357,418	0.43	%
Home equity lines and loans		592	—	592	82,563	83,155	257	83,412	1.02
Residential mortgage (1)		—	—	—	54,574	54,574	1,698	56,272	3.02
Construction		1,519	—	1,519	152,944	154,463	—	154,463	0.98
Commercial and industrial		394	—	394	283,556	283,950	426	284,376	0.29
Consumer		—	—	—	984	984	—	984	—
Leases		123	—	123	705	828	—	828	14.86
Total	$	2,628	—	2,628	931,195	933,823	3,930	937,753	0.70	%

(1) Includes $11,278  of loans at fair value as of September 30, 2019  ($10,437 of current, $0 of 30-89 days past due and $841 of nonaccrual).

						Total
			90+ days			Accruing	Nonaccrual
December 31, 2018	30-89 days		past due and	Total past		Loans and	loans and	Total loans	Delinquency
(dollars in thousands)	past due		still accruing	due	Current	leases	leases	and leases	percentage
Commercial mortgage	$	—	—	—	324,169	324,169	1,224	325,393	0.38	%
Home equity lines and loans		348	—	348	81,855	82,203	83	82,286	0.52
Residential mortgage (1)		195	—	195	51,018	51,213	2,147	53,360	4.39
Construction		—	—	—	116,906	116,906	—	116,906	—
Commercial and industrial		217	—	217	259,112	259,329	477	259,806	0.27
Consumer		—	—	—	701	701	—	701	—
Leases		49	—	49	1,286	1,335	—	1,335	3.67
Total	$	809	—	809	835,047	835,856	3,931	839,787	0.56	%

(1) Includes $11,422 of loans at fair value as of December 31, 2018  ($10,098 of current, $187 of 30-89 days past due and $1,137 of nonaccrual).