Loans Receivable

3 Months Ended

Mar. 31, 2020

Loans Receivable

Loans Receivable

(5)      Loans Receivable

Loans and leases outstanding at March 31, 2020 and December 31, 2019 are detailed by category as follows:

	March 31,		December 31,
(dollars in thousands)	2020		2019
Mortgage loans held for sale	$	107,506	33,704
Real estate loans:
Commercial mortgage		391,328	362,590
Home equity lines and loans		78,764	81,583
Residential mortgage (1)		52,654	53,665
Construction		175,364	172,044
Total real estate loans		698,110	669,882
Commercial and industrial		292,423	273,301
Small business loans		31,773	21,616
Consumer		570	1,003
Leases, net		559	697
Total portfolio loans and leases		1,023,435	966,499
Total loans and leases	$	1,130,941	1,000,203
Loans with predetermined rates	$	356,194	293,114
Loans with adjustable or floating rates		774,747	707,089
Total loans and leases	$	1,130,941	1,000,203
Net deferred loan origination (fees) costs	$	(1,874)	(1,789)

(1) Includes $10,553 and $10,546 of loans at fair value as of March 31, 2020 and December 31, 2019, respectively.

Components of the net investment in leases at March 31, 2020 and December 31, 2019 are detailed as follows:

	March 31,		December 31,
(dollars in thousands)	2020		2019
Minimum lease payments receivable	$	583	729
Unearned lease income		(24)	(32)
Total	$	559	697

Age Analysis of Past Due Loans and Leases

The following tables present an aging of the Corporation’s loan and lease portfolio as of March 31, 2020 and December 31, 2019, respectively:

						Total
			90+ days			Accruing	Nonaccrual
March 31, 2020	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	$	58	—	58	390,544	390,602	726	391,328	0.20	%
Home equity lines and loans		50	—	50	77,953	78,003	761	78,764	1.03
Residential mortgage (1)		1,487	—	1,487	46,473	47,960	4,694	52,654	11.74
Construction		233	—	233	175,131	175,364	—	175,364	0.13
Commercial and industrial		125	—	125	291,884	292,009	414	292,423	0.18
Small business loans		—	—	—	31,773	31,773	—	31,773	—
Consumer		—	—	—	570	570	—	570	—
Leases		75	20	95	464	559	—	559	16.99
Total	$	2,028	20	2,048	1,014,792	1,016,840	6,595	1,023,435	0.84	%

(1) Includes $10,553 of loans at fair value as of March 31, 2020 ($10,553 of current, $0 of 30-89 days past due and $0 of nonaccrual).

						Total
			90+ days			Accruing	Nonaccrual
December 31, 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	$	—	—	—	361,857	361,857	733	362,590	0.20	%
Home equity lines and loans		—	—	—	81,046	81,046	537	81,583	0.66
Residential mortgage (1)		4,675	—	4,675	47,446	52,121	1,544	53,665	11.59
Construction		—	—	—	172,044	172,044	—	172,044	—
Commercial and industrial		206	—	206	272,674	272,880	421	273,301	0.23
Small business loans		—	—	—	21,616	21,616	—	21,616	—
Consumer		—	—	—	1,003	1,003	—	1,003	—
Leases		162	—	162	535	697	—	697	23.24
Total	$	5,043	—	5,043	958,221	963,264	3,235	966,499	0.86	%

(1) Includes $10,546 of loans at fair value as of December 31, 2019 ($9,056 of current, $786 of 30-89 days past due and $704 of nonaccrual).