Loans

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Loans

4. LOANS

Major classes of loans and leases are as follows:

	June 30, 2020		December 31, 2019
Commercial, financial and agricultural:
Owner-occupied commercial real estate	$	1,624,760	$	1,201,652
Nonowner-occupied commercial real estate		5,004,790		3,965,960
Other commercial loans and leases		4,113,505		2,285,037
Total commercial, financial & agricultural		10,743,055		7,452,649
Residential real estate		4,310,156		3,686,401
Construction & land development		1,775,728		1,408,205
Consumer:
Bankcard		8,465		10,074
Other consumer		1,195,150		1,156,219
Total gross loans and leases	$	18,032,554	$	13,713,548

Included in “Other commercial loans and leases” at June 30, 2020 are leases in the amount of $13,372. These leases, acquired by United in the Carolina Financial merger, are primarily on equipment utilized for business purposes with terms generally ranging from 12 to 60 months and include option to purchase the leased equipment at the end of the lease. The table above does not include loans held for sale of $625,984 and $387,514 at June 30, 2020 and December 31, 2019, respectively. Loans held for sale consist of single-family residential real estate loans originated for sale in the secondary market.

United’s subsidiary bank has made loans to the directors and officers of United and its subsidiaries, and to their affiliates. The aggregate dollar amount of these loans was $35,816 and $38,558 at June 30, 2020 and December 31, 2019, respectively.