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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
85
4.
LOANS AND LEASES
(Continued)
During the periods ended December 31, 2015 and 2014, 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, 2015 and December 31, 2014 (dollars in thousands):
December 31, 2015
Rate
Modification
Term
Modification
Rate & Term
Modification
Term&
Interest Only
Modification
Total
Troubled Debt Restructurings
Real Estate:
Other Construction/Land
-
$
111
$
-
$
-
$
111
$
1-4 family - closed-end
-
-
4,882
-
4,882
Equity Lines
-
1,164
290
-
1,454
Multi-family Residential
-
418
418
Commercial real estate
owner occupied
-
-
-
-
-
Commercial real estate
Non-owner occupied
-
-
-
-
-
Total Real Estate Loans
-
1,693
5,172
-
6,865
Agricultural
-
-
-
-
-
Commercial and Industrial
-
140
-
-
140
Consumer Loans
-
23
-
-
23
$ - $ 1,856
$ 5,172
$ - $ 7,028