SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
87
4.
LOANS AND LEASES
(Continued)
Pre-Modification
Post-Modification
December 31, 2013
Real Estate:
Other Construction/Land
2
$ 418 $ 416 $ 38
1-4 family - closed-end
8
3,679
3,678
20
Equity Lines
1
40
40
40
Commercial real estate owner occupied
1
557
557
-
Commercial real estate non-owner occupied
0
-
-
-
Total Real Estate Loans
4,694
4,691
98
Agricultural
0
-
-
-
Commercial and Industrial
8
1,858
1,871
257
Consumer Loans
13
561
561
54
$ 7,113 $ 7,123 $ 409
(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, 2013
Number of Loans
Recorded
Investment
Charge-Offs
Real Estate:
Other Construction/Land
2
162
$
47
$
1-4 family - closed-end
2
779
133
Equity Lines
0
-
-
Commercial real estate- owner occupied
1
308
245
Commercial real estate- non owner occupied
0
-
-
Total Real Estate Loans
1,249 425
Agricultural
0
-
-
Commercial and Industrial
9
568
373
Consumer Loans
7
181
132
$ 1,998 $ 930
Subsequent Defaults
In the tables above, the TDRs that subsequently defaulted increased the allowance for loan and lease
losses by $51,000 and $660,000 for the years ended December 31, 2014 and 2013. The total allowance
for loan and lease losses specifically allocated to the balances that were classified as TDRs during the year
ended December 31, 2014 and 2013 is $2,714,000 and $3,321,000, respectively.
