SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
80
4.
LOANS AND LEASES
(Continued)
December 31, 2013
Real Estate:
1-4 family residential
construction
$ - $ - $ - $ - $ 1,720 $ 1,720 $ -
Other Construction/Land
294 - 116 410 25,121 25,531 5,528
1-4 family - closed-end
2,181 300 171 2,652 84,372 87,024 13,168
Equity Lines
98 - 288 386 53,337 53,723 778
Multi-family residential
- - - - 8,485 8,485 -
Commercial real estate
owner occupied
1,917 144 2,011 4,072 181,940 186,012 5,516
Commercial real estate
Non-owner occupied
- - 7,667 7,667 99,173 106,840 8,058
Farmland
331 - - 331 108,173 108,504 282
Total Real Estate Loans
4,821 444 10,253 15,518 562,321 577,839 33,330
Agricultural
892 327 125 1,344 23,836 25,180 470
Commercial and Industrial
1,318 587 1,298 3,203 100,059 103,262 2,622
Mortgage warehouse lines
- - - - 73,425 73,425 -
Consumer loans
181 - - 181 23,355 23,536 992
Total Gross Loans and Leases
$ 7,212 $ 1,358 $ 11,676 $ 20,246 $ 782,996 $ 803,242 $ 37,414
(1)
Included in Total Financing Receivables
(2)
As of December 31, 2013 there were no loans over 90 days past due and still accruing.
30-59 Days
Past Due
60-89 Days
Past Due
90 Days Or
More Past
Due
(2)
Total Past Due
Current
Total
Financing
Receivables
Non-Accrual
Loans
(1)
Generally, the Company places a loan or lease on nonaccrual status and ceases recognizing interest
income when it has become delinquent more than 90 days and/or when Management determines that the
repayment of principal and collection of interest is unlikely. The Company may decide that it is
appropriate to continue to accrue interest on certain loans more than 90 days delinquent if they are well-
secured by collateral and collection is in process. When a loan is placed on nonaccrual status, any accrued
but uncollected interest for the loan is reversed out of interest income in the period in which the loan’s
status changed. Subsequent payments received from the customer are applied to principal, and no further
interest income is recognized until the principal has been paid in full or until circumstances have changed
such that payments are again consistently received as contractually required.
