Table 6 - Loan Portfolio Composition December 31 (In thousands) 2011 2010 2009 2008 2007 Commercial and industrial $ 54,988 53,288 53,884 53,883 50,797 Construction and land development 39,814 47,850 56,820 67,420 45,724 Commercial real estate 162,435 166,241 156,928 132,818 120,789 Residential real estate 101,725 96,241 97,407 102,835 93,888 Consumer installment 11,454 10,676 11,236 12,463 11,525 Total loans 370,416 374,296 376,275 369,419 322,723 Less: unearned income (153) (81) (172) (257) (312) Loans, net of unearned income 370,263 374,215 376,103 369,162 322,411 Less: allowance for loan losses (6,919) (7,676) (6,495) (4,398) (4,105) Loans, net $ 363,344 366,539 369,608 364,764 318,306 page 28