For the year ended
December 31, 2015
As of December 31, 2015
Impaired loans with a related allowance for loan losses:
Real estate mortgage
Production and intermediate term
Total
Impaired loans with no related allowance for loan losses:
Real estate mortgage
Production and intermediate term
Agribusiness
Other
Total
Total impaired loans:
Real estate mortgage
Production and intermediate term
Agribusiness
Other
Total
Recorded
Investment Unpaid
Principal
Balance Related
Allowance Average
Impaired
Loans Interest
Income
Recognized
$3,414
556 $4,228
611 $1,035
279 $4,003
605 $ --
--
$3,970 $4,839 $1,314 $4,608 $ --
$2,673
2,170
1,898
-- $3,148
4,817
6,815
43 $ --
--
--
-- $3,134
2,360
2,088
-- $820
302
240
--
$6,741 $14,823 $ -- $7,582 $1,362
$6,087
2,726
1,898
-- $7,376
5,428
6,815
43 $1,035
279
--
-- $7,137
2,965
2,088
-- $820
302
240
--
$10,711 $19,662 $1,314 $12,190 $1,362
The recorded investment in the loan is the unpaid principal amount increased or decreased by applicable accrued interest and unamortized premium,
discount, finance charges, and acquisition costs and may also reflect a previous direct charge-off of the investment.
Unpaid principal balance represents the contractual principal balance of the loan.
We did not have any material commitments to lend additional money to borrowers whose loans were classified as risk loans at December 31, 2017.
Troubled Debt Restructurings ( TDRs)
Included within our loans are TDRs. These loans have been modified by granting a concession in order to maximize the collection of amounts due when a
borrower is experiencing financial difficulties. All risk loans, including TDRs, are analyzed within our allowance for loan losses.
TDR Activity
(in thousands)
For the year ended December 31
Real estate mortgage
Production and intermediate term
Total
2017
2016
Pre-modification
Post-modification
2015
Pre-modification
Post-modification
Pre-modification Post-modification $861
671 $868
664 $173
255 $172
251 $704
336 $703
333
$1,532 $1,532 $428 $423 $1,040 $1,036
Pre-modification represents the outstanding recorded investment of the loan just prior to restructuring and post-modification represents the outstanding
recorded investment of the loan immediately following the restructuring. The recorded investment of the loan is the unpaid principal amount of the receivable
increased or decreased by applicable accrued interest and unamortized premium, discount, finance charges, and acquisition costs and may also reflect a
previous direct charge-off.
The primary types of modification included deferral of principal and extension of maturity.
There were no TDRs that defaulted during the years ended December 31, 2017 or 2016 in which the modifications were within twelve months of the
respective reporting period. We had TDRs in the production and intermediate term loan category of $1 thousand that defaulted during the year ended
December 31, 2015, in which the modifications were within twelve months of the respective reporting period.
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