SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2021

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, 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
Straight-line rent receivable allowance		—		—		—		—		—
	$	2,741	$	(3)	$	—	$	—	$	2,738
Year ended December 31, 2021
Loan loss reserves	$	2,592	$	881	$	—	$	—	$	3,473
Other notes receivable allowance		146		140		—		—		286
	$	2,738	$	1,021	$	—	$	—	$	3,759

(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.