During 2013, certain loans were modified in troubled debt restructurings, where economic concessions were granted to borrowers consisting of reductions in the interest rates, payment extensions, forgiveness of principal, and forbearances. Presented below, segregated by class of loans, are troubled debt restructurings that occurred during the year ended December 31, 2013 and 2012:
| 2013 | 2012 | ||||||||||
| Post - Modification | Net Charge-offs | Post -Modification | Net Charge-offs | ||||||||
| Number of | Outstanding | Resulting from | Number of | Outstanding | Resulting from | ||||||
| (dollars in thousands) | Loans | Balance | Modifications | Loans | Balance | Modifications | |||||
| Commercial: | |||||||||||
| Commercial and industrial | - | $ | - | $ | - | 1 | $ | 8 | $ | - | |
| Nonfarm nonresidential | - | - | - | 1 | 361 | - | |||||
| Retail: | |||||||||||
| Consumer | 3 | 8 | - | 1 | 3 | - | |||||
| Single family residential | 3 | 167 | 6 | 3 | 237 | - | |||||
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| Total trouble debt restructurings | 6 | $ | 175 | $ | 6 | 6 | $ | 609 | $ | - | |