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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
87
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, 2015 and December 31, 2014 (dollars in
thousands):
Pre-Modification
Post-Modification
December 31, 2015
Real Estate:
Other Construction/Land
2
$ 111 $ 111 $ 4
1-4 family - closed-end
15
4,883 4,882
154
Equity Lines
12
1,454 1,454
176
Multi-family Residential
1
418 418
-
Commercial real estate owner occupied
0
-
-
-
Commercial real estate non-owner occupied
0
-
-
-
Total Real Estate Loans
6,866
6,865
334
Agricultural
0
-
-
-
Commercial and Industrial
5
140
140
(16)
Consumer Loans
2
23
23
7
$ 7,029 $ 7,028 $ 325
(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, 2015
Number of Loans
Recorded
Investment
Charge-Offs
Real Estate:
Other Construction/Land
0
-
$
-
$
1-4 family - closed-end
0
-
-
Equity Lines
0
-
-
Commercial real estate- owner occupied
0
-
-
Commercial real estate- non owner occupied
0
-
-
Total Real Estate Loans
- -
Agricultural
0
-
-
Commercial and Industrial
0
-
-
Consumer Loans
0
-
-
$ - $ -
Subsequent Defaults