SIERRA BANCORP | 2013 | FY | 3

The following tables present loans by class modified as troubled debt restructurings including any subsequent defaults during the period ending December 31, 2013 (dollars in thousands):
 
 
 
 
 
Pre-
 
Post-
 
 
 
 
 
 
 
 
Outstanding
 
Outstanding
 
 
 
 
 
 
Number of
 
Recorded
 
Recorded
 
Reserve
 
 
 
Loans
 
Investment
 
Investment
 
Difference(1)
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
Other Construction/Land
 
2
 
$
418
 
$
416
 
$
38
 
1-4 family - closed-end
 
8
 
 
3,679
 
 
3,678
 
 
20
 
Equity Lines
 
1
 
 
40
 
 
40
 
 
40
 
Commercial real estate owner occupied
 
1
 
 
557
 
 
557
 
 
-
 
Commercial real estate non-owner occupied
 
0
 
 
-
 
 
-
 
 
-
 
Total Real Estate Loans
 
 
 
 
4,694
 
 
4,691
 
 
98
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agricultural
 
0
 
 
-
 
 
-
 
 
-
 
Commercial and Industrial
 
8
 
 
1,858
 
 
1,871
 
 
257
 
Consumer Loans
 
13
 
 
561
 
 
561
 
 
54
 
Small Business Administration loans
 
0
 
 
-
 
 
-
 
 
-
 
 
 
 
 
$
7,113
 
$
7,123
 
$
409
 
 
(1) This represents the increase or (decrease) in the allowance for loans and lease losses reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.
 
 
 
Subsequent Defaults
 
 
 
 
 
 
Number of Loans
 
 
Recorded 
Investment
 
 
Charge-Offs
 
Real Estate:
 
 
 
 
 
 
 
 
 
Other Construction/Land
 
2
 
$
162
 
$
47
 
1-4 family - closed-end
 
2
 
 
779
 
 
133
 
Equity Lines
 
0
 
 
-
 
 
-
 
Commercial real estate- owner occupied
 
1
 
 
308
 
 
245
 
Commercial real estate- non owner occupied
 
0
 
 
-
 
 
-
 
Total Real Estate Loans
 
 
 
 
1,249
 
 
425
 
 
 
 
 
 
 
 
 
 
 
Agricultural
 
0
 
 
-
 
 
-
 
Commercial and Industrial
 
7
 
 
374
 
 
373
 
Consumer Loans
 
7
 
 
181
 
 
132
 
Small Business Administration Loans
 
2
 
 
194
 
 
-
 
 
 
 
 
$
1,998
 
$
930
 
 
 
The following tables present loans by class modified as troubled debt restructurings including any subsequent defaults during the period ending December 31, 2012 (dollars in thousands):
 
 
 
 
 
Pre-
 
Post-
 
 
 
 
 
 
 
 
Outstanding
 
Outstanding
 
 
 
 
 
 
Number of
 
Recorded
 
Recorded
 
Reserve
 
 
 
Loans
 
Investment
 
Investment
 
Difference(1)
 
Real Estate:
 
 
 
 
 
 
 
 
 
 
 
 
Other Construction/Land
 
10
 
$
835
 
$
833
 
$
48
 
1-4 family - closed-end
 
11
 
 
1,365
 
 
1,351
 
 
101
 
Equity Lines
 
1
 
 
29
 
 
29
 
 
13
 
Commercial real estate owner occupied
 
6
 
 
1,857
 
 
2,190
 
 
(45)
 
Commercial real estate non-owner
     occupied
 
3
 
 
390
 
 
390
 
 
6
 
Total Real Estate Loans
 
 
 
 
4,476
 
 
4,793
 
 
123
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agricultural
 
0
 
 
-
 
 
-
 
 
-
 
Commercial and Industrial
 
20
 
 
1,295
 
 
1,285
 
 
109
 
Consumer Loans
 
37
 
 
1,723
 
 
1,714
 
 
21
 
Small Business Administration loans
 
2
 
 
668
 
 
675
 
 
8
 
 
 
 
 
$
8,162
 
$
8,467
 
$
261
 
 
(1) This represents the increase or (decrease) in the allowance for loans and lease losses reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology.
 
 
 
Subsequent Defaults
 
 
 
 
 
 
 
 
Recorded
 
 
 
 
 
 
Number of Loans
 
Investment
 
Charge-Offs
 
Real Estate:
 
 
 
 
 
 
 
 
 
Other Construction/Land
 
0
 
$
-
 
$
-
 
1-4 family - closed-end
 
1
 
 
222
 
 
-
 
Equity Lines
 
0
 
 
-
 
 
-
 
Commercial real estate- owner occupied
 
1
 
 
332
 
 
-
 
Commercial real estate- non owner occupied
 
0
 
 
-
 
 
-
 
Total Real Estate Loans
 
 
 
 
554
 
 
-
 
 
 
 
 
 
 
 
 
 
 
Agricultural
 
0
 
 
-
 
 
-
 
Commercial and Industrial
 
1
 
 
66
 
 
66
 
Consumer Loans
 
2
 
 
115
 
 
-
 
Small Business Administration Loans
 
0
 
 
-
 
 
-
 
 
 
 
 
$
735
 
$
66

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