INDEPENDENT BANK CORP | 2013 | FY | 3


The following table shows the modifications which occurred during the periods indicated and the change in the recorded investment subsequent to the modifications occurring:
 
Years Ended December 31
 
2013
 
Number
of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment(1)
 
(Dollars in thousands)

 
 
 
 
 
Commercial & industrial
11

 
$
732

 
$
732

Commercial real estate
9

 
8,100

 
8,100

Small business
12

 
556

 
556

Residential real estate
9

 
2,401

 
2,427

Home equity
17

 
1,347

 
1,347

Other consumer
9

 
27

 
27

Total
67

 
$
13,163

 
$
13,189

 
 
 
 
 
 

2012
Commercial & industrial
18

 
$
3,372

 
$
3,372

Commercial real estate
15

 
7,121

 
7,121

Small business
14

 
621

 
621

Residential real estate
20

 
3,495

 
3,499

Home equity
20

 
1,195

 
1,198

Other consumer
33

 
328

 
329

Total
120

 
$
16,132

 
$
16,140


 
 
 
 
 
 
2011
Commercial & industrial
11

 
$
1,165

 
$
1,165

Commercial real estate
17

 
8,707

 
8,707

Small business
37

 
1,270

 
1,270

Residential real estate
16

 
3,460

 
3,536

Home equity
2

 
101

 
101

Other consumer
89

 
985

 
985

Total
172

 
$
15,688

 
$
15,764

(1)
The post-modification balances represent the balance of the loan on the date of modification. These amounts may show an increase when modifications include a capitalization of interest.

us-gaap:ScheduleOfDebtorTroubledDebtRestructuringSubsequentPeriodsTextBlock