TOMPKINS FINANCIAL CORP | 2013 | FY | 3


The following tables present loans by class modified in 2013 as troubled debt restructurings.

 

Troubled Debt Restructuring

 

December 31, 2013   Twelve months ended  
                      Defaulted TDRs  
(in thousands)   Number of Loans     Pre-Modification Outstanding Recorded Investment     Post-Modification Outstanding Recorded Investment     Number of Loans     Post-Modification Outstanding Recorded Investment  
Commercial and industrial                                        
Commercial and industrial other     4     $ 878     $ 878       1     $ 645  
                                         
Commercial real estate                                        
Commercial real estate other     13     $ 1,837     $ 1,837       1     $ 140  
                                         
Residential real estate                                        
Mortgages     1     $ 195     $ 195       1     $ 195  
                                         
Total     18     $ 2,910     $ 2,910     $ 3     $ 980  

 

Represents the following concessions: extension of term and reduction in rate (3 loans: $808,000) extension of term (1 loan: $70,000)
Represents the following concessions: extension of term and reduction of rate (11 loans: $1.9 million ) extension of term (1 loan: $129,000)
Represents the following concessions: extension of term and reduction of rate
TDRs that defaulted during the last 12 months that were restructured in the prior twelve months

 

December 31, 2012   Twelve months ended  
                      Defaulted TDRs  
(in thousands)   Number of Loans     Pre-Modification Outstanding Recorded Investment     Post-Modification Outstanding Recorded Investment     Number of Loans     Post-Modification Outstanding Recorded Investment  
Commercial and industrial                                        
Commercial and industrial other1     4     $ 4,194     $ 4,194       0     $ 0  
                                         
Commercial real estate                                        
Construction2     1     $ 3,475     $ 3,475       1     $ 3,475  
Commercial real estate other3     2     $ 3,309     $ 3,309       1     $ 1,458  
                                         
Residential real estate                                        
Mortgages4     3     $ 302     $ 302       2     $ 208  
                                         
Total     10     $ 11,280     $ 11,280     $ 4     $ 5,141  

 

Represents the following concessions: payment reduction (2 loans: $12,000) extension of term (2 loans: $4.2 million)
Represents the following concessions: interest rate reduction
Represents the following concessions: interest rate reduction (1 loan: $1.5 million) and payment reduction (1 loan: $1.9 million)
Represents the following concessions: extension of term (2 loans: $239,000) and extension of term and lower rate (1 loan: $62,000)
TDRs that defaulted during the last 12 months that were restructured in the prior twelve months

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