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Construction & Development Loans (Construction, Land Development & Other Land Loans)
Loans secured by real estate: (a) land development (i.e., the process of improving land - laying sewers, water pipes, etc.) (b) the on-site construction of
industrial, commercial, residential, or farm buildings. For purposes of this item, "construction" includes not only construction of new structures, but also
additions or alterations to existing structures and the demolition of existing structures to make way for new structures and (c) Loans secured by vacant
land, except land known to be used or usable for agricultural purposes.
Loans Secured By Farmland
Farmland includes all land known to be used or usable for agricultural purposes, such as crop and livestock production. Farmland includes grazing or
pasture land, whether tillable or not and whether wooded or not.
Residential Real Estate & Home Equity
Loans secured by real estate as evidenced by mortgages, deeds of trust, land contracts, or other instruments, whether first or junior liens on real estate.
Secured by Multi Family Residential Real Estate
Non-farm properties with five or more dwelling units in structures (including apartment buildings and apartment hotels), five or more unit housekeeping
dwellings with commercial units combined, and cooperative-type apartment buildings containing five or more units.
Loans Secured by Non-farm Non-residential Properties
Loans secured by real estate as evidenced by mortgages or other liens on non-farm nonresidential properties, including business and industrial properties,
hotels, motels, churches, hospitals, educational and charitable institutions, dormitories, clubs, lodges, association buildings, "homes" for aged persons and
orphans, golf courses, recreational facilities, and similar properties. Exclude loans for non-farm nonresidential property construction and land development
purposes.
Loans To Finance Agricultural Production
Secured or unsecured loans for the purpose of financing agricultural production such as growing and storing crops, marketing and transport of agricultural
products, livestock care, farm machinery, fisheries and forestries, etc.
Commercial and Industrial (C&I)
Loans for commercial and industrial purposes to sole proprietorships, partnerships, corporations, and other business enterprises, whether secured (other
than by real estate) or unsecured, single-payment or installment.
Obligations of US State/Political Subdivisions
Obligations of states and political subdivisions in the United States (includes overdrafts and obligations secured by real estate).
Loan Category Definitions
