Loans transferred and classified as troubled debt restructuring during the years ended December 31, 2013 and 2012, segregated by class, are shown in the table below.
December 31, 2013 | December 31, 2012 | |||||||||||||||
Number of Defaults |
Unpaid Principal Balance |
Number of Defaults |
Unpaid Principal Balance |
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Commercial |
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Owner occupied real estate |
3 | $ | 223 | 4 | $ | 2,091 | ||||||||||
Non owner occupied real estate |
3 | 942 | 4 | 2,051 | ||||||||||||
Residential development |
— | — | — | — | ||||||||||||
Development & Spec Land Loans |
— | — | — | — | ||||||||||||
Commercial and industrial |
— | — | — | — | ||||||||||||
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Total commercial |
6 | 1,165 | 8 | 4,142 | ||||||||||||
Real estate |
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Residential mortgage |
9 | 1,252 | 5 | 1,231 | ||||||||||||
Residential construction |
— | — | — | — | ||||||||||||
Mortgage warehouse |
— | — | — | — | ||||||||||||
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Total real estate |
9 | 1,252 | 5 | 1,231 | ||||||||||||
Consumer |
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Direct Installment |
— | — | — | — | ||||||||||||
Direct Installment Purchased |
— | — | — | — | ||||||||||||
Indirect Installment |
— | — | — | — | ||||||||||||
Home Equity |
7 | 915 | — | — | ||||||||||||
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Total Consumer |
7 | 915 | — | — | ||||||||||||
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Total |
22 | $ | 3,332 | 13 | $ | 5,373 | ||||||||||
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Troubled debt restructured loans which had payment defaults during the years ended December 31, 2013 and 2012, segregated by class, are shown in the table below. Default occurs when a loan is 90 days or more past due or transferred to nonaccrual.
December 31, 2013 | December 31, 2012 | |||||||||||||||
Number | Unpaid | Number | Unpaid | |||||||||||||
of | Principal | of | Principal | |||||||||||||
Defaults | Balance | Defaults | Balance | |||||||||||||
Commercial |
||||||||||||||||
Owner occupied real estate |
3 | $ | 223 | 3 | $ | 1,272 | ||||||||||
Non owner occupied real estate |
2 | 424 | 3 | 1,605 | ||||||||||||
Residential development |
— | — | — | — | ||||||||||||
Development & Spec Land Loans |
— | — | — | — | ||||||||||||
Commercial and industrial |
— | — | — | — | ||||||||||||
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|
|
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Total commercial |
5 | 647 | 6 | 2,877 | ||||||||||||
Real estate |
||||||||||||||||
Residential mortgage |
3 | 355 | 4 | 1,168 | ||||||||||||
Residential construction |
— | — | — | — | ||||||||||||
Mortgage warehouse |
— | — | — | — | ||||||||||||
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|
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Total real estate |
3 | 355 | 4 | 1,168 | ||||||||||||
Consumer |
||||||||||||||||
Direct Installment |
— | — | — | — | ||||||||||||
Direct Installment Purchased |
— | — | — | — | ||||||||||||
Indirect Installment |
— | — | — | — | ||||||||||||
Home Equity |
3 | 178 | — | — | ||||||||||||
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Total Consumer |
3 | 178 | — | — | ||||||||||||
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Total |
11 | $ | 1,180 | 10 | $ | 4,045 | ||||||||||
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