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



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At September 30, 2016

 

At December 31, 2015

Real estate mortgage:

 

 

 

 

 

Commercial

$

 893,807 

 

$

 938,462 

One-to-four family residential

 

 193,678 

 

 

 161,958 

Real estate construction:

 

 

 

 

 

Commercial

 

 184,211 

 

 

 129,070 

One-to-four family residential

 

 22,460 

 

 

 21,337 

Commercial

 

 566,403 

 

 

 507,173 

Installment and consumer

 

 19,553 

 

 

 21,429 



 

 1,880,112 

 

 

 1,779,429 

Less: Allowance for loan losses

 

 (28,452)

 

 

 (26,106)

Total loans, net

 

 1,851,660 

 

 

 1,753,323 

Less: Loans held for sale (included above)

 

 (7,899)

 

 

 (7,453)

Net loans receivable

$

 1,843,761 

 

$

 1,745,870 



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



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the three months ended September 30,



2016

 

 

2015



 

 

 

Carrying

 

 

 

 

Carrying



Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$

 683 

 

$

 6,806 

 

$

 461 

 

$

 4,544 

Payments received

 

 -

 

 

 (1,931)

 

 

 -

 

 

 (746)

Transfers to other real estate / repossessed assets

 

 -

 

 

 -

 

 

 -

 

 

 -

Net charge-offs

 

 -

 

 

 -

 

 

 -

 

 

 (81)

Net reclassifications to / from nonaccretable amount

 

 -

 

 

 -

 

 

 -

 

 

 -

Accretion

 

 (26)

 

 

 -

 

 

 (58)

 

 

 -

Balance at end of period

$

 657 

 

$

 4,875 

 

$

 403 

 

$

 3,717 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the nine months ended September 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

 

 -

 

 

 (2,721)

 

 

 -

 

 

 (1,615)

Transfers to other real estate / repossessed assets

 

 -

 

 

 -

 

 

 -

 

 

 -

Net charge-offs

 

 (11)

 

 

 (318)

 

 

 -

 

 

 (81)

Net reclassifications to / from nonaccretable amount

 

 -

 

 

 -

 

 

 240 

 

 

 -

Accretion

 

 (139)

 

 

 -

 

 

 (377)

 

 

 442 

Balance at end of period

$

 657 

 

$

 4,875 

 

$

 403 

 

$

 3,717 



Recorded Investment In Loans On Nonaccrual Status



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At September 30, 2016

 

At December 31, 2015

Real estate mortgage:

 

 

 

 

 

Commercial

$

 7,620 

 

$

 3,543 

One-to-four family residential

 

 2,951 

 

 

 1,729 

Real estate construction:

 

 

 

 

 

Commercial

 

 625 

 

 

 562 

One-to-four family residential

 

 448 

 

 

 448 

Commercial

 

 12,408 

 

 

 13,491 

Other consumer

 

 57 

 

 

 85 

Total nonaccrual loans

$

 24,109 

 

$

 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 September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 702 

 

$

 7,620 

 

$

 8,322 

 

$

 885,485 

 

$

 893,807 

 

$

 -

One-to-four family residential

 

 526 

 

 

 2,982 

 

 

 3,508 

 

 

 190,170 

 

 

 193,678 

 

 

 31 

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 418 

 

 

 625 

 

 

 1,043 

 

 

 183,168 

 

 

 184,211 

 

 

 -

One-to-four family residential

 

 -

 

 

 448 

 

 

 448 

 

 

 22,012 

 

 

 22,460 

 

 

 -

Commercial

 

 1,763 

 

 

 12,791 

 

 

 14,554 

 

 

 551,849 

 

 

 566,403 

 

 

 383 

Other

 

 121 

 

 

 58 

 

 

 179 

 

 

 19,374 

 

 

 19,553 

 

 

 1 

Total

$

 3,530 

 

$

 24,524 

 

$

 28,054 

 

$

 1,852,058 

 

 

 1,880,112 

 

$

 415 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 128,577 

 

 

 129,070 

 

 

 -

One-to-four family residential

 

 -

 

 

 517 

 

 

 517 

 

 

 20,820 

 

 

 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 September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

 1,963 

 

$

 3,511 

 

$

 6,786 

 

$

 12,133 

 

$

 1,741 

One-to-four family residential

 

 1,171 

 

 

 1,519 

 

 

 1,794 

 

 

 1,882 

 

 

 88 

Real estate construction

 

 866 

 

 

 1,079 

 

 

 207 

 

 

 245 

 

 

 40 

Commercial

 

 6,991 

 

 

 16,581 

 

 

 5,495 

 

 

 5,757 

 

 

 2,800 

Other

 

 57 

 

 

 61 

 

 

 -

 

 

 -

 

 

 -

Total

$

 11,048 

 

$

 22,751 

 

$

 14,282 

 

$

 20,017 

 

$

 4,669 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 nine months ended September 30,

 



2016

 

2015

 



Average

 

 

 

 

Average

 

 

 

 



Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$

 12,101 

 

$

 688 

 

$

 23,704 

 

$

 723 

 

One-to-four family residential

 

 3,655 

 

 

 13 

 

 

 1,705 

 

 

 1 

 

Real estate construction

 

 1,161 

 

 

 12 

 

 

 409 

 

 

 -

 

Commercial

 

 13,280 

 

 

 93 

 

 

 6,777 

 

 

 29 

 

Other

 

 64 

 

 

 1 

 

 

 34 

 

 

 -

 

Total

$

 30,261 

 

$

 807 

 

$

 32,629 

 

$

 753 

 



Troubled Debt Restructured Loans Outstanding



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



At September 30, 2016

 

At December 31, 2015

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$

 1,129 

 

$

 498 

 

$

 19,563 

 

$

 448 

One-to-four family residential

 

 14 

 

 

 46 

 

 

 13 

 

 

 48 

Commercial

 

 78 

 

 

 5,429 

 

 

 659 

 

 

 5,796 

Total

$

 1,221 

 

$

 5,973 

 

$

 20,235 

 

$

 6,292 



Loans Modified As Troubled Debt Restructurings

 

 







 

 

 

 

 

 

 

 

 

 

 



For the nine months ended September 30,



2016

 

2015



Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 

 1 

 

$

 164 

 

 

 -

 

$

 -

Commercial

 

 1 

 

 

 25 

 

 

 -

 

 

 -

Total

 

 2 

 

$

 189 

 

 

 -

 

$

 -



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 September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

 867,902 

 

$

 185,383 

 

$

 198,376 

 

$

 501,826 

 

$

 19,494 

 

$

 1,772,981 

Special Mention

 

 6,074 

 

 

 3,226 

 

 

 6,634 

 

 

 21,615 

 

 

 -

 

 

 37,549 

Substandard

 

 19,831 

 

 

 5,069 

 

 

 1,661 

 

 

 42,666 

 

 

 59 

 

 

 69,286 

Doubtful

 

 -

 

 

 -

 

 

 -

 

 

 296 

 

 

 -

 

 

 296 

Total

$

 893,807 

 

$

 193,678 

 

$

 206,671 

 

$

 566,403 

 

$

 19,553 

 

$

 1,880,112 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 12,716 

 

$

 700 

 

$

 2,533 

 

$

 9,965 

 

$

 192 

 

$

 26,106 

Loans charged-off

 

 (193)

 

 

 (134)

 

 

 -

 

 

 (4,109)

 

 

 (453)

 

 

 (4,889)

Recoveries

 

 316 

 

 

 60 

 

 

 -

 

 

 683 

 

 

 78 

 

 

 1,137 

Provision for loan losses

 

 (698)

 

 

 492 

 

 

 798 

 

 

 5,023 

 

 

 483 

 

 

 6,098 

Balance at end of period

$

 12,141 

 

$

 1,118 

 

$

 3,331 

 

$

 11,562 

 

$

 300 

 

$

 28,452 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 1,741 

 

$

 88 

 

$

 -

 

$

 2,800 

 

$

 -

 

$

 4,629 

Collectively evaluated for impairment

 

 10,400 

 

 

 1,030 

 

 

 3,291 

 

 

 8,762 

 

 

 300 

 

 

 23,783 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 40 

 

 

 -

 

 

 -

 

 

 40 

Total ending allowance balance

$

 12,141 

 

$

 1,118 

 

$

 3,331 

 

$

 11,562 

 

$

 300 

 

$

 28,452 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 7,743 

 

$

 1,794 

 

$

 390 

 

$

 11,701 

 

$

 -

 

$

 21,628 

Collectively evaluated for impairment

 

 883,551 

 

 

 190,620 

 

 

 205,526 

 

 

 554,382 

 

 

 19,530 

 

 

 1,853,609 

Acquired with deteriorated credit quality

 

 2,513 

 

 

 1,264 

 

 

 755 

 

 

 320 

 

 

 23 

 

 

 4,875 

Total ending loans balance

$

 893,807 

 

$

 193,678 

 

$

 206,671 

 

$

 566,403 

 

$

 19,553 

 

$

 1,880,112 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Commercial

 

1-4 Family

 

Real Estate

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Real Estate

 

Residential

 

Construction

 

Commercial

 

Other

 

Total

At September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 13,678 

 

$

 712 

 

$

 4,159 

 

$

 9,614 

 

$

 289 

 

$

 28,452 

Loans charged-off

 

 (184)

 

 

 (20)

 

 

 (21)

 

 

 (422)

 

 

 (134)

 

 

 (781)

Recoveries

 

 195 

 

 

 511 

 

 

 47 

 

 

 988 

 

 

 181 

 

 

 1,922 

Provision for loan losses

 

 (950)

 

 

 (547)

 

 

 (1,449)

 

 

 102 

 

 

 (156)

 

 

 (3,000)

Balance at end of period

$

 12,739 

 

$

 656 

 

$

 2,736 

 

$

 10,282 

 

$

 180 

 

$

 26,593 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 1,946 

 

$

 14 

 

$

 -

 

$

 2,851 

 

$

 -

 

$

 4,811 

Collectively evaluated for impairment

 

 10,793 

 

 

 642 

 

 

 2,736 

 

 

 7,431 

 

 

 180 

 

 

 21,782 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$

 12,739 

 

$

 656 

 

$

 2,736 

 

$

 10,282 

 

$

 180 

 

$

 26,593 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 20,644 

 

$

 715 

 

$

 391 

 

$

 12,443 

 

$

 147 

 

$

 34,340 

Collectively evaluated for impairment

 

 845,946 

 

 

 94,243 

 

 

 138,790 

 

 

 411,021 

 

 

 20,037 

 

 

 1,510,037 

Acquired with deteriorated credit quality

 

 2,660 

 

 

 948 

 

 

 92 

 

 

 16 

 

 

 1 

 

 

 3,717 

Total ending loans balance

$

 869,250 

 

$

 95,906 

 

$

 139,273 

 

$

 423,480 

 

$

 20,185 

 

$

 1,548,094