Loans And Allowance For Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

Loans And Allowance For Loan Losses [Abstract]

Southwest's Loan Classifications

(Dollars in thousands)	At March 31, 2016		At December 31, 2015
Real estate mortgage:
Commercial	$	878,822	$	938,462
One-to-four family residential		158,078		161,958
Real estate construction:
Commercial		156,454		129,070
One-to-four family residential		24,202		21,337
Commercial		543,822		507,173
Installment and consumer		20,506		21,429
		1,781,884		1,779,429
Less: Allowance for loan losses		(27,168)		(26,106)
Total loans, net		1,754,716		1,753,323
Less: Loans held for sale (included above)		(1,803)		(7,453)
Net loans receivable	$	1,752,913	$	1,745,870

Changes In The Carrying Amounts And Accretable Yields For ASC 310.30 Loans

	For the three months ended March 31,
	2016					2015
			Carrying				Carrying
	Accretable		amount		Accretable		amount
(Dollars in thousands)	Yield		of loans		Yield		of loans
Balance at beginning of period	$	807	$	7,914	$	540	$	4,971
Payments received		-		(504)		-		(661)
Net charge-offs		-		(122)		-		-
Accretion		(65)		-		(121)		-
Balance at end of period	$	742	$	7,288	$	419	$	4,310

Recorded Investment In Loans On Nonaccrual Status

(Dollars in thousands)	At March 31, 2016		At December 31, 2015
Real estate mortgage:
Commercial	$	3,830	$	3,543
One-to-four family residential		3,448		1,729
Real estate construction:
Commercial		1,444		1,010
Commercial		13,361		13,491
Other consumer		78		85
Total nonaccrual loans	$	22,161	$	19,858

Age Analysis Of Past Due Loans

			90 days +								Recorded loans
	30-89 days		past due and		Total past				Total		> 90 days and
(Dollars in thousands)	past due		nonaccrual		due		Current		loans		accruing
At March 31, 2016
Real estate mortgage:
Commercial	$	1,416	$	3,830	$	5,246	$	873,576	$	878,822	$	-
One-to-four family residential		580		3,448		4,028		154,050		158,078		-
Real estate construction:
Commercial		-		1,444		1,444		155,010		156,454		-
One-to-four family residential		-		-		-		24,202		24,202		-
Commercial		3,014		13,461		16,475		527,347		543,822		100
Other		124		84		208		20,298		20,506		6
Total	$	5,134	$	22,267	$	27,401	$	1,754,483		1,781,884	$	106
At December 31, 2015
Real estate mortgage:
Commercial	$	272	$	3,992	$	4,264	$	934,198	$	938,462	$	449
One-to-four family residential		549		1,777		2,326		159,632		161,958		48
Real estate construction:
Commercial		-		1,010		1,010		128,060		129,070		-
One-to-four family residential		-		-		-		21,337		21,337		-
Commercial		278		13,491		13,769		493,404		507,173		-
Other		65		88		153		21,276		21,429		3
Total	$	1,164	$	20,358	$	21,522	$	1,757,907		1,779,429	$	500

Impaired Loans

	With No Specific Allowance				With A Specific Allowance
			Unpaid				Unpaid
	Recorded		Principal		Recorded		Principal		Related
(Dollars in thousands)	Investment		Balance		Investment		Balance		Allowance
At March 31, 2016
Commercial real estate	$	12,184	$	15,875	$	11,086	$	11,506	$	914
One-to-four family residential		1,620		2,121		1,841		1,868		135
Real estate construction		1,237		1,456		207		245		40
Commercial		7,787		16,085		6,166		7,241		3,037
Other		78		88		-		-		-
Total	$	22,906	$	35,625	$	19,300	$	20,860	$	4,126
At December 31, 2015
Commercial real estate	$	12,166	$	15,747	$	10,940	$	10,940	$	1,575
One-to-four family residential		1,688		2,195		185		186		11
Real estate construction		1,078		1,327		-		-		-
Commercial		4,095		5,430		9,844		15,968		2,526
Other		85		94		-		-		-
Total	$	19,112	$	24,793	$	20,969		27,094	$	4,112

Average Recorded Investment And Interest Income Recognized On Impaired Loans

	As of and for the three months ended March 31,
	2016				2015
	Average				Average
	Recorded		Interest		Recorded		Interest
(Dollars in thousands)	Investment		Income		Investment		Income
Commercial real estate	$	25,133	$	252	$	24,316	$	257
One-to-four family residential		4,067		-		1,799		-
Real estate construction		1,539		-		246		-
Commercial		13,169		8		6,470		12
Other		80		-		2		-
Total	$	43,988	$	260	$	32,833	$	269

Troubled Debt Restructured Loans Outstanding

	At March 31, 2016				At December 31, 2015
(Dollars in thousands)	Accruing		Nonaccrual		Accruing		Nonaccrual
Commercial real estate	$	19,440	$	376	$	19,563	$	448
One-to-four family residential		13		49		13		48
Commercial		592		5,842		659		5,796
Total	$	20,045	$	6,267	$	20,235	$	6,292

Loans Modified As Troubled Debt Restructurings

	For the three months ended March 31,
	2016				2015
	Number of		Recorded		Number of		Recorded
(Dollars in thousands)	Modifications		Investment		Modifications		Investment
Commercial		1	$	260		-	$	-
Total		1	$	260		-	$	-

Classification Of Risk Category Of Loans, By Classes

	Commercial		1-4 Family		Real Estate
(Dollars in thousands)	Real Estate		Residential		Construction		Commercial		Other		Total
At March 31, 2016
Grade:
Pass	$	832,175	$	152,322	$	178,999	$	495,259	$	20,243	$	1,678,998
Special Mention		6,601		34		213		5,171		147		12,166
Substandard		40,046		5,722		1,444		43,081		116		90,409
Doubtful		-		-		-		311		-		311
Total	$	878,822	$	158,078	$	180,656	$	543,822	$	20,506	$	1,781,884
At December 31, 2015
Grade:
Pass	$	902,034	$	157,912	$	148,811	$	480,928	$	21,284	$	1,710,969
Special Mention		5,916		29		586		2,941		50		9,522
Substandard		30,512		4,017		1,010		18,848		95		54,482
Doubtful		-		-		-		4,456		-		4,456
Total	$	938,462	$	161,958	$	150,407	$	507,173	$	21,429	$	1,779,429

By Balance In The Allowance For Loan Losses And The Recorded Investment In Loans Portfolio Classification Disaggregated On The Basis Of Impairment Evaluation Method

	Commercial		1-4 Family		Real Estate
(Dollars in thousands)	Real Estate		Residential		Construction		Commercial		Other		Total
At March 31, 2016
Balance at beginning of period	$	12,716	$	700	$	2,533	$	9,965	$	192	$	26,106
Loans charged-off		(14)		(84)		-		(3,553)		(74)		(3,725)
Recoveries		201		43		-		145		23		412
Provision for loan losses		(1,782)		216		367		5,517		57		4,375
Balance at end of period	$	11,121	$	875	$	2,900	$	12,074	$	198	$	27,168
Allowance for loan losses ending balance:
Individually evaluated for impairment	$	914	$	135	$	40	$	3,038	$	-	$	4,127
Collectively evaluated for impairment		10,207		740		2,860		9,036		198		23,041
Acquired with deteriorated credit quality		-		-		-		-		-		-
Total ending allowance balance	$	11,121	$	875	$	2,900	$	12,074	$	198	$	27,168
Loans receivable ending balance:
Individually evaluated for impairment	$	20,341	$	560	$	390	$	13,153	$	43	$	34,487
Collectively evaluated for impairment		854,097		155,892		179,489		530,203		20,428		1,740,109
Acquired with deteriorated credit quality		4,384		1,626		777		466		35		7,288
Total ending loans balance	$	878,822	$	158,078	$	180,656	$	543,822	$	20,506	$	1,781,884

	Commercial		1-4 Family		Real Estate
(Dollars in thousands)	Real Estate		Residential		Construction		Commercial		Other		Total
At March 31, 2015
Balance at beginning of period	$	13,678	$	712	$	4,159	$	9,614	$	289	$	28,452
Loans charged-off		(2)		-		(5)		(191)		(32)		(230)
Recoveries		120		331		-		379		85		915
Provision for loan losses		(275)		(371)		(105)		(1,035)		(101)		(1,887)
Balance at end of period	$	13,521	$	672	$	4,049	$	8,767	$	241	$	27,250
Allowance for loan losses ending balances:
Individually evaluated for impairment	$	1,951	$	-	$	-	$	1,670	$	-	$	3,621
Collectively evaluated for impairment		11,570		672		4,049		7,097		241		23,629
Acquired with deteriorated credit quality		-		-		-		-		-		-
Total ending allowance balance	$	13,521	$	672	$	4,049	$	8,767	$	241	$	27,250
Loans receivable ending balance:
Individually evaluated for impairment	$	21,206	$	426	$	392	$	6,355	$	1	$	28,380
Collectively evaluated for impairment		735,651		84,568		204,132		359,900		21,304		1,405,555
Acquired with deteriorated credit quality		2,819		1,349		114		27		1		4,310
Total ending loans balance	$	759,676	$	86,343	$	204,638	$	366,282	$	21,306	$	1,438,245