Loans

6 Months Ended

Jun. 30, 2011

Loans

Loans

Note 6 – Loans

A summary of loans outstanding, by primary collateral, at the end of the reporting period is as follows:

							Change
(Dollars in thousands)	June 30, 2011			December 31, 2010			Amount			%
Residential Real Estate 1-4 Family
First liens	$	142,271		$	144,128		$	(1,857	)		(1.3	)
Junior liens and lines of credit		53,719			56,694			(2,975	)		(5.2	)
Total		195,990			200,822			(4,832	)		(2.4	)
Residential real estate - construction		65,367			79,557			(14,190	)		(17.8	)
Commercial, industrial and agricultural real estate		320,724			304,195			16,529			5.4
Commercial, industrial and agricultural		175,064			146,672			28,392			19.4
Consumer		14,852			17,396			(2,544	)		(14.6	)
		771,997			748,642			23,355			3.1
Less:  Allowance for loan losses		(10,150	)		(8,801	)		(1,349	)		15.3
Net Loans	$	761,847		$	739,841		$	22,006			3.0
Included in the loan balances are the following:
Net unamortized deferred loan costs	$	539		$	567
Unamortized discount on purchased loans	$	(190	)	$	(220	)
Loans pledged as collateral for borrowings and commitments from:
FHLB	$	713,750		$	648,272
Federal Reserve Bank		48,566			53,682
	$	762,316		$	701,954