UNITED SECURITY BANCSHARES INC | 2013 | FY | 3


The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio as of December 31, 2013 and 2012, as well as the pre- and post-modification principal balance as of December 31, 2013 and 2012.

 

    December 31, 2013     December 31, 2012  
    Number
of Loans
    Pre-
Modification
Outstanding
Principal
Balance
    Post-
Modification
Principal
Balance
    Number
of Loans
    Pre-
Modification
Outstanding
Principal
Balance
    Post-
Modification
Principal
Balance
 
    (Dollars in Thousands)  

Loans secured by real estate:

           

Construction, land development and other land loans

    10      $ 7,551      $ 3,837        10      $ 11,267      $ 9,988   

Secured by 1-4 family residential properties

    17        1,375        1,067        4        596        586   

Secured by non-farm, non-residential properties

    9        2,683        2,418        6        1,811        1,586   

Commercial loans

    4        416        344        4        380        356   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    40      $ 12,025      $ 7,666        24      $ 14,054      $ 12,516   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The following table provides the number of loans modified in a troubled debt restructuring that have subsequently defaulted, by loan portfolio, as of December 31, 2013 and 2012.

 

     December 31, 2013      December 31, 2012  
     Number
of Loans
     Recorded
Investment
     Number
of Loans
     Recorded
Investment
 
     (Dollars in Thousands)  

Construction, land development and other land loans

     2       $ 566         6       $ 7,062   

Secured by non-farm, non-residential properties

     4         1,073         2         433   

Commercial

     —           —           2         68   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     6       $ 1,639         10       $ 7,563   
  

 

 

    

 

 

    

 

 

    

 

 

 

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