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
1 

 

$
43 

 
1 

 

$
43 

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
2 

 

 
730 

 

 -

 

 

 -

       Total interest only at market rate of interest
3 

 

$
773 

 
1 

 

$
43 

 

 

 

 

 

 

 

 

 

 

Term modification, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Construction
2 

 

$
697 

 

 -

 

$

 -

Commercial Real Estate - Owner Occupied
2 

 

 
1,085 

 

 -

 

 

 -

Commercial Real Estate - Non-Owner Occupied
1 

 

 
745 

 

 -

 

 

 -

Raw Land and Lots
3 

 

 
378 

 

 -

 

 

 -

Single Family Investment Real Estate
7 

 

 
2,488 

 

 -

 

 

 -

Commercial and Industrial
5 

 

 
649 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
3 

 

 
707 

 

 -

 

 

 -

Other Consumer
1 

 

 
34 

 

 -

 

 

 -

Total loan term extended at a market rate
24 

 

$
6,783 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

Term modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied
1 

 

$
115 

 

 -

 

$

 -

Commercial and Industrial
1 

 

 
8 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
1 

 

 
154 

 

 -

 

 

 -

Total loan term extended at a below market rate
3 

 

$
277 

 

 -

 

$

 -

Total
30 

 

$
7,833 

 
1 

 

$
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
1 

 

$
216 

 

 -

 

$

 -

Commercial Real Estate - Non-Owner Occupied
2 

 

 
759 

 

 -

 

 

 -

Raw Land and Lots
3 

 

 
257 

 

 -

 

 

 -

Single Family Investment Real Estate
2 

 

 
173 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
1 

 

 
124 

 

 -

 

 

 -

Indirect Marine
1 

 

 
158 

 
1 

 

 
158 

       Total interest only at market rate of interest
10 

 

$
1,687 

 
1 

 

$
158 

 

 

 

 

 

 

 

 

 

 

Term modification, at a market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied
5 

 

$
5,328 

 
2 

 

$
1,356 

Commercial Real Estate - Non-Owner Occupied
2 

 

 
715 

 

 -

 

 

 -

Raw Land and Lots
1 

 

 
595 

 

 -

 

 

 -

Commercial and Industrial
6 

 

 
408 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
5 

 

 
858 

 

 -

 

 

 -

Indirect Marine

 -

 

 

 -

 
1 

 

 
26 

Other Consumer
4 

 

 
460 

 

 -

 

 

 -

Total loan term extended at a market rate
23 

 

$
8,364 

 
3 

 

$
1,382 

 

 

 

 

 

 

 

 

 

 

Term modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied
4 

 

$
647 

 

 -

 

$

 -

Raw Land and Lots
1 

 

 
59 

 

 -

 

 

 -

Consumer:

 

 

 

 

 

 

 

 

 

Mortgage
1 

 

 
64 

 

 -

 

 

 -

Other Consumer
1 

 

 
68 

 

 -

 

 

 -

Total loan term extended at a below market rate
7 

 

$
838 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

Interest rate modification, below market rate

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Non-Owner Occupied
2 

 

$
2,390 

 

 -

 

$

 -

       Total interest only at below market rate of interest
2 

 

$
2,390 

 

 -

 

$

 -

Total
42 

 

$
13,279 

 
4 

 

$
1,540 

 

 

 

 

 

 

 

 

 

 

 

us-gaap:ScheduleOfDebtorTroubledDebtRestructuringCurrentPeriodTextBlock