XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2016
Loans And Allowance For Loan Losses [Abstract]  
Southwest's Loan Classifications



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At June 30, 2016

 

At December 31, 2015

Real estate mortgage:

 

 

 

 

 

Commercial

$

 862,287 

 

$

 938,462 

One-to-four family residential

 

 183,693 

 

 

 161,958 

Real estate construction:

 

 

 

 

 

Commercial

 

 175,805 

 

 

 129,070 

One-to-four family residential

 

 20,347 

 

 

 21,337 

Commercial

 

 558,472 

 

 

 507,173 

Installment and consumer

 

 20,773 

 

 

 21,429 



 

 1,821,377 

 

 

 1,779,429 

Less: Allowance for loan losses

 

 (26,876)

 

 

 (26,106)

Total loans, net

 

 1,794,501 

 

 

 1,753,323 

Less: Loans held for sale (included above)

 

 (7,010)

 

 

 (7,453)

Net loans receivable

$

 1,787,491 

 

$

 1,745,870 



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



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the three months ended June 30,



2016

 

 

2015



 

 

 

Carrying

 

 

 

 

Carrying



Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$

 742 

 

$

 7,288 

 

$

 419 

 

$

 4,310 

Payments received

 

 -

 

 

 (286)

 

 

 -

 

 

 (208)

Net charge-offs

 

 (11)

 

 

 (196)

 

 

 -

 

 

 -

Net reclassifications to / from nonaccretable amount

 

 -

 

 

 -

 

 

 240 

 

 

 -

Accretion

 

 (48)

 

 

 -

 

 

 (198)

 

 

 442 

Balance at end of period

$

 683 

 

$

 6,806 

 

$

 461 

 

$

 4,544 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30,



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

 

 -

 

 

 (790)

 

 

 -

 

 

 (869)

Net charge-offs

 

 (11)

 

 

 (318)

 

 

 -

 

 

 -

Net reclassifications to / from nonaccretable amount

 

 -

 

 

 -

 

 

 240 

 

 

 -

Accretion

 

 (113)

 

 

 -

 

 

 (319)

 

 

 442 

Balance at end of period

$

 683 

 

$

 6,806 

 

$

 461 

 

$

 4,544 



Recorded Investment In Loans On Nonaccrual Status



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At June 30, 2016

 

At December 31, 2015

Real estate mortgage:

 

 

 

 

 

Commercial

$

 3,894 

 

$

 3,543 

One-to-four family residential

 

 3,106 

 

 

 1,729 

Real estate construction:

 

 

 

 

 

Commercial

 

 1,436 

 

 

 1,010 

Commercial

 

 13,752 

 

 

 13,491 

Other consumer

 

 71 

 

 

 85 

Total nonaccrual loans

$

 22,259 

 

$

 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 June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 462 

 

$

 3,894 

 

$

 4,356 

 

$

 857,931 

 

$

 862,287 

 

$

 -

One-to-four family residential

 

 206 

 

 

 3,120 

 

 

 3,326 

 

 

 180,367 

 

 

 183,693 

 

 

 14 

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 851 

 

 

 811 

 

 

 1,662 

 

 

 174,143 

 

 

 175,805 

 

 

 -

One-to-four family residential

 

 -

 

 

 625 

 

 

 625 

 

 

 19,722 

 

 

 20,347 

 

 

 -

Commercial

 

 3,847 

 

 

 13,800 

 

 

 17,647 

 

 

 540,825 

 

 

 558,472 

 

 

 48 

Other

 

 400 

 

 

 75 

 

 

 475 

 

 

 20,298 

 

 

 20,773 

 

 

 4 

Total

$

 5,766 

 

$

 22,325 

 

$

 28,091 

 

$

 1,793,286 

 

 

 1,821,377 

 

$

 66 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 -

 

 

 493 

 

 

 493 

 

 

 128,060 

 

 

 128,553 

 

 

 -

One-to-four family residential

 

 -

 

 

 517 

 

 

 517 

 

 

 21,337 

 

 

 21,854 

 

 

 -

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 June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

 1,838 

 

$

 2,171 

 

$

 13,992 

 

$

 17,100 

 

$

 752 

One-to-four family residential

 

 1,298 

 

 

 1,614 

 

 

 1,822 

 

 

 1,850 

 

 

 116 

Real estate construction

 

 1,229 

 

 

 1,456 

 

 

 207 

 

 

 245 

 

 

 40 

Commercial

 

 8,761 

 

 

 31,986 

 

 

 5,527 

 

 

 5,725 

 

 

 2,915 

Other

 

 71 

 

 

 83 

 

 

 -

 

 

 -

 

 

 -

Total

$

 13,197 

 

$

 37,310 

 

$

 21,548 

 

$

 24,920 

 

$

 3,823 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 six months ended June 30,

 



2016

 

2015

 



Average

 

 

 

 

Average

 

 

 

 



Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$

 17,365 

 

$

 871 

 

$

 23,862 

 

$

 473 

 

One-to-four family residential

 

 3,627 

 

 

 12 

 

 

 1,777 

 

 

 1 

 

Real estate construction

 

 1,408 

 

 

 -

 

 

 376 

 

 

 -

 

Commercial

 

 13,274 

 

 

 32 

 

 

 6,080 

 

 

 20 

 

Other

 

 77 

 

 

 -

 

 

 1 

 

 

 -

 

Total

$

 35,751 

 

$

 915 

 

$

 32,096 

 

$

 494 

 



Troubled Debt Restructured Loans Outstanding



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



At June 30, 2016

 

At December 31, 2015

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$

 11,936 

 

$

 358 

 

$

 19,563 

 

$

 448 

One-to-four family residential

 

 14 

 

 

 47 

 

 

 13 

 

 

 48 

Commercial

 

 536 

 

 

 5,510 

 

 

 659 

 

 

 5,796 

Total

$

 12,486 

 

$

 5,915 

 

$

 20,235 

 

$

 6,292 



Loans Modified As Troubled Debt Restructurings

 

 







 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30,



2016

 

2015



Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial

 

 1 

 

$

 26 

 

 

 -

 

$

 -

Total

 

 1 

 

$

 26 

 

 

 -

 

$

 -



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 June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

 818,634 

 

$

 177,948 

 

$

 194,507 

 

$

 496,890 

 

$

 20,533 

 

$

 1,708,512 

Special Mention

 

 6,286 

 

 

 1,286 

 

 

 209 

 

 

 18,246 

 

 

 167 

 

 

 26,194 

Substandard

 

 37,367 

 

 

 4,459 

 

 

 1,436 

 

 

 43,066 

 

 

 73 

 

 

 86,401 

Doubtful

 

 -

 

 

 -

 

 

 -

 

 

 270 

 

 

 -

 

 

 270 

Total

$

 862,287 

 

$

 183,693 

 

$

 196,152 

 

$

 558,472 

 

$

 20,773 

 

$

 1,821,377 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 12,716 

 

$

 700 

 

$

 2,533 

 

$

 9,965 

 

$

 192 

 

$

 26,106 

Loans charged-off

 

 (3)

 

 

 (83)

 

 

 -

 

 

 (3,801)

 

 

 (376)

 

 

 (4,263)

Recoveries

 

 234 

 

 

 54 

 

 

 -

 

 

 311 

 

 

 49 

 

 

 648 

Provision for loan losses

 

 (2,234)

 

 

 362 

 

 

 647 

 

 

 5,194 

 

 

 416 

 

 

 4,385 

Balance at end of period

$

 10,713 

 

$

 1,033 

 

$

 3,180 

 

$

 11,669 

 

$

 281 

 

$

 26,876 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 281 

 

$

 116 

 

$

 -

 

$

 2,915 

 

$

 -

 

$

 3,312 

Collectively evaluated for impairment

 

 9,961 

 

 

 917 

 

 

 3,140 

 

 

 8,754 

 

 

 281 

 

 

 23,053 

Acquired with deteriorated credit quality

 

 471 

 

 

 -

 

 

 40 

 

 

 -

 

 

 -

 

 

 511 

Total ending allowance balance

$

 10,713 

 

$

 1,033 

 

$

 3,180 

 

$

 11,669 

 

$

 281 

 

$

 26,876 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 13,192 

 

$

 2,187 

 

$

 754 

 

$

 13,880 

 

$

 38 

 

$

 30,051 

Collectively evaluated for impairment

 

 844,739 

 

 

 180,213 

 

 

 194,646 

 

 

 544,221 

 

 

 20,702 

 

 

 1,784,521 

Acquired with deteriorated credit quality

 

 4,356 

 

 

 1,293 

 

 

 752 

 

 

 371 

 

 

 33 

 

 

 6,805 

Total ending loans balance

$

 862,287 

 

$

 183,693 

 

$

 196,152 

 

$

 558,472 

 

$

 20,773 

 

$

 1,821,377 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Commercial

 

1-4 Family

 

Real Estate

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Real Estate

 

Residential

 

Construction

 

Commercial

 

Other

 

Total

At June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 13,678 

 

$

 712 

 

$

 4,159 

 

$

 9,614 

 

$

 289 

 

$

 28,452 

Loans charged-off

 

 (116)

 

 

 (20)

 

 

 (21)

 

 

 (343)

 

 

 (56)

 

 

 (556)

Recoveries

 

 151 

 

 

 443 

 

 

 31 

 

 

 583 

 

 

 138 

 

 

 1,346 

Provision for loan losses

 

 (448)

 

 

 (557)

 

 

 (509)

 

 

 (1,313)

 

 

 (196)

 

 

 (3,023)

Balance at end of period

$

 13,265 

 

$

 578 

 

$

 3,660 

 

$

 8,541 

 

$

 175 

 

$

 26,219 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 1,875 

 

$

 -

 

$

 -

 

$

 1,660 

 

$

 -

 

$

 3,535 

Collectively evaluated for impairment

 

 11,390 

 

 

 578 

 

 

 3,660 

 

 

 6,881 

 

 

 175 

 

 

 22,684 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$

 13,265 

 

$

 578 

 

$

 3,660 

 

$

 8,541 

 

$

 175 

 

$

 26,219 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 20,886 

 

$

 404 

 

$

 416 

 

$

 5,885 

 

$

 -

 

$

 27,591 

Collectively evaluated for impairment

 

 735,587 

 

 

 83,438 

 

 

 198,738 

 

 

 378,881 

 

 

 20,651 

 

 

 1,417,295 

Acquired with deteriorated credit quality

 

 2,933 

 

 

 1,496 

 

 

 93 

 

 

 22 

 

 

 -

 

 

 4,544 

Total ending loans balance

$

 759,406 

 

$

 85,338 

 

$

 199,247 

 

$

 384,788 

 

$

 20,651 

 

$

 1,449,430