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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
82
4.
LOANS AND LEASES
(Continued)
Individually impaired loans as of December 31, 2015 and December 31, 2014 were as follows (dollars in
thousands):
With an Allowance Recorded
Real Estate:
1-4 family residential construction
-
$
-
$
-
$
-
$
-
$
Other Construction/Land
919
769
83
967
42
1-4 Family - closed-end
8,085
6,137
290
6,157
255
Equity Lines
2,339
2,269
214
2,374
17
Multifamily residential
414
414
1
417
5
Commercial real estate- owner occupied
1,272
1,272
589
1,405
139
Commercial real estate- non-owner occupied
3,350
3,350
1,712
3,390
164
Farmland
-
-
-
-
-
Total Real Estate
16,379
14,211
2,889
14,710
622
Agricultural
-
-
-
-
-
Commercial and Industrial
2,572
2,559
683
2,857
97
Consumer loans
2,023
2,022
343
2,298
112
20,974
18,792
3,915
19,865
831
With no RelatedAllowance Recorded
Real Estate:
1-4 family residential construction
-
$
-
$
-
$
-
$
-
$
Other Construction/Land
554
554
-
566
34
1-4 Family - closed-end
585
362
-
602
-
Equity Lines
843
842
-
840
-
Multifamily residential
630
630
-
633
-
Commercial real estate- owner occupied
1,828
1,828
-
2,251
-
Commercial real estate- non-owner occupied
2,006
1,859
-
2,102
118
Farmland
610
610
-
629
-
Total Real Estate
7,056
6,685
-
7,623
152
Agricultural
-
-
-
-
-
Commercial and Industrial
45
29
-
77
-
Consumer loans
160
15
-
256
-
7,261
6,729
-
7,956
152
Total
28,235
$
25,521
$
3,915
$
27,821
$
983
$
(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, 2015
Unpaid Principal
Balance
(1)
Recorded
Investment
(2)
Related Allowance
Average Recorded
Investment
Interest Income
Recognized
(3)