SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
84
4.
LOANS AND LEASES
(Continued)
During the periods ended December 31, 2014 and 2013, the terms of certain loans were modified as
troubled debt restructurings. Types of modifications applied to these loans, include a reduction of the
stated interest rate, a modification of term, an agreement to collect only interest rather than principal and
interest for a specified period, or any combination thereof.
The following tables present troubled debt restructurings by type of modification during the period ending
December 31, 2014 and December 31, 2013 (dollars in thousands):
December 31, 2014
Rate
Modification
Term
Modification
Interest Only
Modification
Rate & Term
Modification
Term&
Interest Only
Modification
Rate, Term&
Interest Only
Modification
Total
Troubled Debt Restructurings
Real Estate:
Other Construction/Land
-
$
-
$
-
$
40
$
-
$
-
$
40
$
1-4 family - closed-end
41
13
-
-
-
-
54
Equity Lines
-
945
-
29
-
-
974
Commercial real estate
owner occupied
279
123
-
-
-
-
402
Commercial real estate
Non-owner occupied
-
-
-
-
-
-
-
Total Real Estate Loans
320
1,081
-
69
-
-
1,470
Agricultural
-
-
-
-
-
-
-
Commercial and Industrial
-
153
-
28
30
-
211
Consumer Loans
-
9
-
103
-
-
112
$ 320 $ 1,243 $ - $ 200 $ 30 $ - $ 1,793
