Alright, I'm having a brain freeze. If I have term loan that originated several years ago (say 1/1/2004), that matures two years from now (say 1/1/2009), and I increase it by $50,000 today and push out the maturity date for an additional year (to 1/1/2010) - only the new $50,000 is reportable - correct?

I'm pretty sure this is always how I've looked at these - mainly that the original loan amount is not due, and therefore we are not extending new credit to them, but rather changing the terms on the existing credit. But all of the sudden I'm second guessing myself.

Actually no you can report the full amount of the loan as it was renewed in a year different than the originaton date. If you renew this a second time in the same year then you would just report the increase.

We would report the whole thing.

So, if you had a loan that you weren't increasing, that wasn't due for another two years and you restructured it to bump out the maturity date for another year, would you report the full loan amount in that situation as well?

We would.

Thanks. I appreciate your answers - especially this late on a Friday afternoon,

This is Friday, gee no wonder I am tired.