ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses is as follows as of the dates presented (dollars in thousands): INVESTAR HOLDING CORPORATION Notes to Consolidated Financial Statements The following tables outline the changes in the allowance for loan losses by collateral type, the allowances for loans individually and collectively evaluated for impairment, and the amount of loans individually and collectively evaluated for impairment for the years ended December 31, 2014, 2013 and 2012 (dollars in thousands): Allowance for Loan Losses and Recorded Investment in Loans Receivable INVESTAR HOLDING CORPORATION Notes to Consolidated Financial Statements INVESTAR HOLDING CORPORATION Notes to Consolidated Financial Statements Impaired Loans The Company considers a loan to be impaired when, based on current information and events, the Company determines that it will not be able to collect all amounts due according to the loan agreement, including scheduled interest payments.