SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
81
4.
LOANS AND LEASES
(Continued)
Individually impaired loans as of December 31, 2014 and December 31, 2013 were as follows (dollars in
thousands):
With an Allowance Recorded
Real Estate:
1-4 family residential construction
-
$
-
$
-
$
-
$
-
$
Other Construction/Land
1,155
1,078
179
1,193
70
1-4 Family - closed-end
4,167
4,167
288
4,276
258
Equity Lines
797
797
230
878
14
Multifamily residential
171
171
51
173
-
Commercial real estate- owner occupied
2,791
2,681
1,385
3,069
60
Commercial real estate- non-owner occupied
3,463
3,463
1,731
3,545
263
Farmland
-
-
-
-
-
Total Real Estate
12,544
12,357
3,864
13,134
665
Agricultural
-
-
-
-
-
Commercial and Industrial
2,910
2,898
916
3,046
123
Consumer loans
2,790
2,788
668
3,115
150
18,244
18,043
5,448
19,295
938
With no RelatedAllowance Recorded
Real Estate:
1-4 family residential construction
-
$
-
$
-
$
-
$
-
$
Other Construction/Land
3,345
3,345
-
4,143
-
1-4 Family - closed-end
2,943
2,943
-
9,186
-
Equity Lines
609
570
-
611
-
Multifamily residential
-
-
-
-
-
Commercial real estate- owner occupied
2,915
1,939
-
3,046
-
Commercial real estate- non-owner occupied
9,563
9,416
-
10,306
118
Farmland
51
50
-
52
-
Total Real Estate
19,426
18,263
-
27,344
118
Agricultural
-
-
-
-
-
Commercial and Industrial
35
18
-
81
-
Consumer loans
275
100
-
347
-
19,736
18,381
-
27,772
118
Total
37,980
$
36,424
$
5,448
$
47,067
$
1,056
$
(1)
Contractual principal balance due fromcustomer.
(2)
Principal balance on Company's books, less any direct charge offs.
(3)
Interest income is recognized on performing balances on a regular accrual basis.
December 31, 2014
Unpaid Principal
Balance
(1)
Recorded
Investment
(2)
Related Allowance
Average Recorded
Investment
Interest Income
Recognized
(3)
