Note 13 - Loans Receivable >. The following is a detail of the loan portfolio: First BanCorp.> 2001 0 65 December 31, December 31, 2001 2000 (In thousands) Residential real estate loans: Secured by first mortgages: Conventional $ 955,573 $ 695,344 Insured by government agencies: Federal Housing Administration and Veterans Administration 25,211 20,004 Puerto Rico Housing Bank and Finance Agency 23,513 28,037 Secured by second mortgages 8,088 8,964 1,012,385 752,349 Deferred net loan fees (5,107 (5,557 Residential real estate loans 1,007,278 746,792 Commercial loans: Construction loans 219,396 203,955 Commercial loans 1,238,173 947,709 Commercial mortgage 688,922 438,321 Commercial loans 2,146,491 1,589,985 Finance leases 127,935 122,883 Consumer and other loans: Personal 362,490 388,696 Personal lines of credit 11,216 12,852 Auto 502,902 530,534 Boat 39,570 33,954 Credit card  176,226 174,797 Home equity reserve loans  1,851 2,134 Unearned interest (71,810 (104,429 Consumer and other loans 1,022,445 1,038,538 Loans receivable 4,304,149 3,498,198 Loans held for sale 4,630 Total loans 4,308,779 3,498,198 Allowance for loan losses (91,060 (76,919 Total loans-net $4,217,719 $3,421,279 ) ) ) ) ) ) The Corporation’s primary lending area is Puerto Rico. At December 31, 2001 and 2000 there is no significant concentration of credit risk in any specific industry on the loan portfolio. At December 31, 2001, loans in which the accrual of interest income had been discontinued amounted to $72,998,000 (2000 - $67,716,000; 1999 - $53,816,000). If these loans had been accruing interest, the additional interest income realized would have been approximately $5,735,000 (2000 - $5,937,000; 1999 - $4,544,000). There are no material commitments to lend additional funds to borrowers whose loans were in non-accruing sta- tus at these dates. At December 31, 2001 mortgage loans held for sale amounted to $4.6  million. All mortgage loans were sold at market values, which exceeded the carrying value of the loans. At December 31, 2001, the Corporation was servicing mortgage loans owned by others aggregating approximately $160,583,000 (2000 - $144,805,000; 1999 - $134,348,000).