SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
86
4.
LOANS AND LEASES
(Continued)
The following tables present loans by class modified as troubled debt restructurings including any
subsequent defaults during the period ending December 31, 2014 and December 31, 2013 (dollars in
thousands):
Pre-Modification
Post-Modification
December 31, 2014
Real Estate:
Other Construction/Land
1
$ 40 $ 40
$ -
1-4 family - closed-end
2
54 54
-
Equity Lines
11
974 974
364
Commercial real estate owner occupied
2
402
402
-
Commercial real estate non-owner occupied
0
-
-
-
Total Real Estate Loans
1,470
1,470
364
Agricultural
0
-
-
-
Commercial and Industrial
9
211
211
75
Consumer Loans
4
112
112
15
$ 1,793 $ 1,793 $ 454
(1)
This represents the increase or (decrease) in the allowance for loans and lease losses reserve for these credits
measured as the difference between the specific post-modification impairment reserve and the pre-modification
reserve calculated under our general allowance for loan loss methodology.
Reserve
Difference
(1)
Number of Loans
Outstanding
Recorded Investment
Outstanding
Recorded Investment
December 31, 2014
Number of Loans
Recorded
Investment
Charge-Offs
Real Estate:
Other Construction/Land
4
1,768
$
77
$
1-4 family - closed-end
2
8,305
-
Equity Lines
0
-
-
Commercial real estate- owner occupied
2
937
31
Commercial real estate- non owner occupied
0
-
-
Total Real Estate Loans
11,010 108
Agricultural
0
-
-
Commercial and Industrial
2
129
2
Consumer Loans
2
133
58
$ 11,272 $ 168
Subsequent Defaults
