The following tables summarize the period-end balance for loans modified and classified as TDRs in the previous 12 months for which a payment default has occurred during the years ended December 31, 2013 and 2012 (dollars in thousands). The Company defines payment default as movement of the restructuring to nonaccrual status, foreclosure or charge-off, whichever occurs first.
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| | | |
| 2013 |
Commercial real estate | $ | 5,906 |
|
Commercial construction | 29 |
|
Commercial and industrial | 630 |
|
Residential mortgage | 668 |
|
|
| | | |
| 2012 |
Commercial real estate | $ | 337 |
|
Residential mortgage | 1,438 |
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