December 31, 2010 (In thousands) Unpaid principal balance (1) Charge-offs and  payments applied (2) Recorded  investment (3) Related  allowance With no allowance recorded: Commercial and industrial $ — — — Construction and land development 2,538 (54) 2,484 Commercial real estate: Owner occupied — — — Other 1,592 (51) 1,541 Total commercial real estate Residential real estate: Consumer mortgages 1,072 (27) 1,045 Investment property 356 — 356 Total residential real estate 1,428 (27) 1,401 Consumer installment — — — Total  $ 5,558 (132) 5,426 With allowance recorded: Commercial and industrial $ 528 (7) 521 $ 277 Construction and land development 1,618 — 1,618 123 Commercial real estate: Owner occupied 3,124 (35) 3,089 765 Other — — — — Total commercial real estate 3,124 (35) 3,089 765 Residential real estate: Consumer mortgages 1,073 (56) 1,017 144 Investment property — — — — Total residential real estate 1,073 (56) 1,017 144 Consumer installment — — — — Total  $ 6,343 (98) 6,245 $ 1,309 Total impaired loans $ 11,901 (230) 11,671 $ 1,309 (1) Unpaid principal balance represents the contractual obligation due from the customer. (2) Charge-offs and payments applied represents cumulative charge-offs taken, as well as interest payments that have been applied against the outstanding principal balance. (3) Recorded investment represents the unpaid principal balance less charge-offs and payments applied; it is shown before any related allowance for loan losses. page 58