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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
81
4.
LOANS AND LEASES
(Continued)
December 31, 2014
Real Estate:
1-4 family residential
construction
$ - $ 332 $ - $ 332 $ 5,526 $ 5,858 $ -
Other Construction/Land
93 59 3,253 3,405 16,503 19,908 3,547
1-4 family - closed-end
1,125 597 2,874 4,596 109,663 114,259 3,042
Equity Lines
98 44 214 356 49,361 49,717 1,049
Multi-family residential
185 - 171 356 18,362 18,718 171
Commercial real estate
owner occupied
1,460 26 1,316 2,802 215,852 218,654 3,417
Commercial real estate
Non-owner occupied
604 294 6,953 7,851 124,226 132,077 7,754
Farmland
997 - - 997 144,042 145,039 51
Total Real Estate Loans
4,562 1,352 14,781 20,695 683,535 704,230 19,031
Agricultural
618 - - 618 27,128 27,746 -
Commercial and Industrial
1,346 153 39 1,538 112,233 113,771 821
Mortgage warehouse lines
- - - - 106,021 106,021 -
Consumer loans
136 17 - 153 18,732 18,885 826
Total Gross Loans and Leases
$ 6,662 $ 1,522 $ 14,820 $ 23,004 $ 947,649 $ 970,653 $ 20,678
(1)
Included in Total Financing Receivables
(2)
As of December 31, 2014 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.