NOTE 3. LOANS

	March 31,			December 31,
(dollars in thousands)	2016			2015
Commercial and industrial loans:
Working capital lines of credit loans	$591,136	19.0	%	$581,025	18.9	%
Non-working capital loans	614,619	19.7		598,487	19.4
Total commercial and industrial loans	1,205,755	38.7		1,179,512	38.3

Commercial real estate and multi-family residential loans:
Construction and land development loans	206,378	6.6		230,719	7.5
Owner occupied loans	447,620	14.4		412,026	13.4
Nonowner occupied loans	408,273	13.1		407,883	13.2
Multifamily loans	104,303	3.4		79,425	2.6
Total commercial real estate and multi-family residential loans	1,166,574	37.5		1,130,053	36.7

Agri-business and agricultural loans:
Loans secured by farmland	144,687	4.6		164,375	5.3
Loans for agricultural production	128,456	4.1		141,719	4.6
Total agri-business and agricultural loans	273,143	8.8		306,094	9.9

Other commercial loans	83,617	2.7		85,075	2.8
Total commercial loans	2,729,089	87.7		2,700,734	87.7

Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	161,701	5.2		158,062	5.1
Open end and junior lien loans	160,734	5.2		163,700	5.3
Residential construction and land development loans	8,488	0.3		9,341	0.3
Total consumer 1-4 family mortgage loans	330,923	10.6		331,103	10.7

Other consumer loans	53,327	1.7		49,113	1.6
Total consumer loans	384,250	12.3		380,216	12.3
Subtotal	3,113,339	100.0	%	3,080,950	100.0	%
Less: Allowance for loan losses	(43,284)			(43,610)
Net deferred loan fees	(39)			(21)
Loans, net	$3,070,016			$3,037,319

The recorded investment in loans does not include accrued interest.

The Company had $326,000 in residential real estate loans in process of foreclosure as of March 31, 2016.