UNION FIRST MARKET BANKSHARES CORP | 2013 | FY | 3


The following table shows, by class and modification type, TDRs that occurred during the year ended December 31, 2013 as well as TDRs that had a payment default during 2013 that had been restructured during the twelve month period preceding the default (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructurings with

 

All Restructurings

 

payment default

 

No. of Loans

 

Recorded investment at period end

 

No. of Loans

 

Recorded investment at period end

Modified to interest only, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Raw Land and Lots

 

$

43 

 

 

$

43 

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

730 

 

 -

 

 

 -

       Total interest only at market rate of interest

 

$

773 

 

 

$

43 

 

 

 

 

 

 

 

 

 

 

Term modification, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Construction

 

$

697 

 

 -

 

$

 -

Commercial Real Estate - Owner Occupied

 

 

1,085 

 

 -

 

 

 -

Commercial Real Estate - Non-Owner Occupied

 

 

745 

 

 -

 

 

 -

Raw Land and Lots

 

 

378 

 

 -

 

 

 -

Single Family Investment Real Estate

 

 

2,488 

 

 -

 

 

 -

Commercial and Industrial

 

 

649 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

707 

 

 -

 

 

 -

Other Consumer

 

 

34 

 

 -

 

 

 -

Total loan term extended at a market rate

24 

 

$

6,783 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

Term modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied

 

$

115 

 

 -

 

$

 -

Commercial and Industrial

 

 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

154 

 

 -

 

 

 -

Total loan term extended at a below market rate

 

$

277 

 

 -

 

$

 -

Total

30 

 

$

7,833 

 

 

$

43 

 

 

 

 

 

 

 

 

 

 

 

The following table shows, by class and modification type, TDRs that occurred during the year ended December 31, 2012 as well as TDRs that had a payment default during 2012 that had been restructured during the twelve month period preceding the default (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructurings with

 

All Restructurings

 

payment default

 

No. of Loans

 

Recorded investment at period end

 

No. of Loans

 

Recorded investment at period end

Modified to interest only, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied

 

$

216 

 

 -

 

$

 -

Commercial Real Estate - Non-Owner Occupied

 

 

759 

 

 -

 

 

 -

Raw Land and Lots

 

 

257 

 

 -

 

 

 -

Single Family Investment Real Estate

 

 

173 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

124 

 

 -

 

 

 -

Indirect Marine

 

 

158 

 

 

 

158 

       Total interest only at market rate of interest

10 

 

$

1,687 

 

 

$

158 

 

 

 

 

 

 

 

 

 

 

Term modification, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied

 

$

5,328 

 

 

$

1,356 

Commercial Real Estate - Non-Owner Occupied

 

 

715 

 

 -

 

 

 -

Raw Land and Lots

 

 

595 

 

 -

 

 

 -

Commercial and Industrial

 

 

408 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

858 

 

 -

 

 

 -

Indirect Marine

 -

 

 

 -

 

 

 

26 

Other Consumer

 

 

460 

 

 -

 

 

 -

Total loan term extended at a market rate

23 

 

$

8,364 

 

 

$

1,382 

 

 

 

 

 

 

 

 

 

 

Term modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied

 

$

647 

 

 -

 

$

 -

Raw Land and Lots

 

 

59 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage

 

 

64 

 

 -

 

 

 -

Other Consumer

 

 

68 

 

 -

 

 

 -

Total loan term extended at a below market rate

 

$

838 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

Interest rate modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Non-Owner Occupied

 

$

2,390 

 

 -

 

$

 -

       Total interest only at below market rate of interest

 

$

2,390 

 

 -

 

$

 -

Total

42 

 

$

13,279 

 

 

$

1,540 

 

 

 

 

 

 

 

 

 

 

 


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