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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

LTC PROPERTIES, INC.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


					Additions
					(Recovered)
		Balance at			charged to			Charged to
		beginning of			costs and			other						Balance at end
Account Description		period			expenses			accounts ⁽¹⁾			Deductions ⁽²⁾			of period
Year ended December 31, 2018
Loan loss reserves		$	2,255		$	192		$	—		$	—		$	2,447
Other notes receivable allowance			166			(38)			—			—			128
Straight-line rent receivable allowance			814			(68)			—			—			746
		$	3,235		$	86		$	—		$	—		$	3,321
Year ended December 31, 2019
Loan loss reserves		$	2,447		$	113		$	—		$	—		$	2,560
Other notes receivable allowance			128			53			—			—			181
Straight-line rent receivable allowance			746			—			(746)			—			—
		$	3,321		$	166		$	(746)		$	—		$	2,741
Year ended December 31, 2020
Loan loss reserves		$	2,560		$	32		$	—		$	—		$	2,592
Other notes receivable allowance			181			(35)			—			—			146
		$	2,741		$	(3)		$	—		$	—		$	2,738

(1)	In conjunction with adoption of ASC 842, we wrote-off our 1% general straight-line reserve. The write-off was charged to retained earnings.

(2)	Deductions represent uncollectible accounts written off.