LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES

The Banks originate residential mortgage loans for both portfolio investment and sale in the secondary market. At the time of origination, mortgage loans are designated as held for sale or held for investment. Loans held for sale are stated at the lower of cost or estimated market value determined on an aggregate basis. Net unrealized losses on loans held for sale are recognized through a valuation allowance by charges to income. The Banks also originate construction, land and land development, commercial and multifamily real estate, commercial business, agricultural business and consumer loans for portfolio investment. Loans receivable not designated as held for sale are recorded at the principal amount outstanding, net of deferred fees and origination costs, and discounts and premiums. Loans acquired in business combinations are recorded at their fair value at the date of acquisition. Premiums, discounts and deferred loan fees and origination costs are amortized to maturity using the level-yield methodology.

Interest is accrued as earned unless management doubts the collectability of the loan or the unpaid interest. Interest accruals are generally discontinued when loans become 90 days past due for scheduled interest payments. All previously accrued but uncollected interest is deducted from interest income upon transfer to nonaccrual status. Future collection of interest is included in interest income based upon an assessment of the likelihood that the loans will be repaid or recovered. A loan may be put on nonaccrual status sooner than this policy would dictate if, in management’s judgment, the loan may be uncollectable. Such interest is then recognized as income only if it is ultimately collected.

Loans receivable, including loans held for sale, at March 31, 2015 and December 31, 2014 are summarized as follows (dollars in thousands):



	March 31, 2015					December 31, 2014
	Amount			Percent of Total		Amount			Percent of Total
Commercial real estate:
Owner-occupied	$	627,531		15.3	%	$	546,783		14.3	%
Investment properties	936,693			22.8		856,942			22.3
Multifamily real estate	208,687			5.1		167,524			4.4
Commercial construction	30,434			0.7		17,337			0.4
Multifamily construction	56,201			1.4		60,193			1.6
One- to four-family construction	228,224			5.5		219,889			5.7
Land and land development:
Residential	98,930			2.4		102,435			2.7
Commercial	17,174			0.4		11,152			0.3
Commercial business	776,579			18.9		723,964			18.9
Agricultural business, including secured by farmland	208,635			5.1		238,499			6.2
One- to four-family residential	552,423			13.4		539,894			14.1
Consumer:
Consumer secured by one- to four-family	233,643			5.7		222,205			5.8
Consumer-other	139,664			3.3		127,003			3.3
Total loans outstanding	4,114,818			100.0	%	3,833,820			100.0	%
Less allowance for loan losses	(75,365		)			(75,907		)
Net loans	$	4,039,453				$	3,757,913

Loan amounts are net of unearned loan fees in excess of unamortized costs of $10.6 million as of March 31, 2015 and $5.8 million as of December 31, 2014. Net loans include net discounts on acquired loans of $5.0 million and $148,000 as of March 31, 2015 and December 31, 2014, respectively.

The Company’s total loans by geographic concentration at March 31, 2015 were as follows (dollars in thousands):



	Washington			Oregon			Idaho			Other			Total
Commercial real estate:
Owner-occupied	$	392,416		$	158,137		$	56,696		$	20,282		$	627,531
Investment properties	527,257			184,038			60,160			165,238			936,693
Multifamily real estate	119,166			74,536			14,672			313			208,687
Commercial construction	26,783			1,663			1,988			—			30,434
Multifamily construction	47,857			6,990			1,354			—			56,201
One- to four-family construction	130,366			95,262			2,596			—			228,224
Land and land development:
Residential	53,476			43,737			1,042			675			98,930
Commercial	6,194			8,164			2,816			—			17,174
Commercial business	429,680			144,751			82,825			119,323			776,579
Agricultural business, including secured by farmland	108,464			59,837			40,292			42			208,635
One- to four-family residential	336,332			189,572			25,778			741			552,423
Consumer:
Consumer secured by one- to four-family	142,461			74,669			15,499			1,014			233,643
Consumer—other	83,021			50,042			6,222			379			139,664
Total loans	$	2,403,473		$	1,091,398		$	311,940		$	308,007		$	4,114,818
Percent of total loans	58.4		%	26.5		%	7.6		%	7.5		%	100.0		%

The geographic concentrations of the Company’s land and land development loans by state at March 31, 2015 were as follows (dollars in thousands):



	Washington			Oregon			Idaho			Other			Total
Residential:
Acquisition and development	$	29,923		$	25,033		$	910		$	—		$	55,866
Improved land and lots	20,511			15,114			141			675			36,441
Unimproved land	3,034			3,589			—			—			6,623
Commercial:
Improved land and lots	3,414			5,865			1,781			—			11,060
Unimproved land	2,780			2,299			1,035			—			6,114
Total land and land development loans	$	59,662		$	51,900		$	3,867		$	675		$	116,104
Percent of land and land development loans	51.4		%	44.7		%	3.3		%	0.6		%	100.0		%

The Company originates both adjustable- and fixed-rate loans. The maturity and repricing composition of those loans, less undisbursed amounts and deferred fees and origination costs, at March 31, 2015 and December 31, 2014 were as follows (in thousands):



	March 31, 2015		December 31, 2014
Fixed-rate (term to maturity):
Maturing in one year or less	$	145,752	$	115,571
Maturing after one year through three years	193,168		184,707
Maturing after three years through five years	192,141		180,449
Maturing after five years through ten years	251,516		240,742
Maturing after ten years	611,185		572,793
Total fixed-rate loans	1,393,762		1,294,262
Adjustable-rate (term to rate adjustment):
Maturing or repricing in one year or less	1,509,680		1,468,316
Maturing or repricing after one year through three years	527,346		416,433
Maturing or repricing after three years through five years	595,531		566,371
Maturing or repricing after five years through ten years	87,572		87,506
Maturing or repricing after ten years	927		932
Total adjustable-rate loans	2,721,056		2,539,558
Total loans	$	4,114,818	$	3,833,820

The adjustable-rate loans have interest rate adjustment limitations and are generally indexed to various prime or London Inter-bank Offering Rate (LIBOR) rates, One to Five Year Constant Maturity Treasury Indices or FHLB advance rates. Future market factors may affect the correlation of the interest rate adjustment with the rates the Banks pay on the short-term deposits that were primarily utilized to fund these loans.

Impaired Loans and the Allowance for Loan Losses. A loan is considered impaired when, based on current information and circumstances, the Company determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan agreement, including scheduled interest payments. Impaired loans are comprised of loans on nonaccrual, troubled debt restructurings (TDRs) that are performing under their restructured terms, and loans that are 90 days or more past due, but are still on accrual.

Troubled Debt Restructures. Some of the Company’s loans are reported as TDRs. Loans are reported as TDRs when the bank grants one or more concessions to a borrower experiencing financial difficulties that it would not otherwise consider. Examples of such concessions include forgiveness of principal or accrued interest, extending the maturity date(s) or providing a lower interest rate than would be normally available for a transaction of similar risk. Our TDRs have generally not involved forgiveness of amounts due, but almost always include a modification of multiple factors; the most common combination includes interest rate, payment amount and maturity date. As a result of these concessions, restructured loans are impaired as the Company will not collect all amounts due, both principal and interest, in accordance with the terms of the original loan agreement. Loans identified as TDRs are accounted for in accordance with the Company's impaired loan accounting policies.

Purchased loans, including loans acquired in business combinations, are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan and lease losses is not recorded at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased credit-impaired or purchased non-credit-impaired. Purchased credit-impaired loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. The outstanding contractual unpaid principal balance of purchased credit-impaired loans, excluding acquisition accounting adjustments, was $9.1 million at March 31, 2015. The carrying balance of purchased credit-impaired loans was $5.7 million at March 31, 2015. There were no purchased credit-impaired loans at December 31, 2014 or March 31, 2014.

The following table presents the changes in the accretable yield for purchased credit-impaired loans for the three months ended March 31, 2015 and 2014 (in thousands):



	Three Months Ended March 31
	2015			2014
Balance, beginning of period	$	—		$	—
Additions	2,239			—
Accretion to interest income	(35		)	—
Disposals	—			—
Reclassifications from non-accretable difference	—			—
Balance, end of period	$	2,204		$	—

As of March 31, 2015, the non-accretable difference between the contractually required payments and cash flows expected to be collected was $3.2 million.

The amount of impaired loans, including purchased credit-impaired loans, and the related allocated reserve for loan losses as of March 31, 2015 and December 31, 2014 were as follows (in thousands):



	March 31, 2015				December 31, 2014
	Loan Amount		Allocated Reserves		Loan Amount		Allocated Reserves
Impaired loans:
Nonaccrual loans
Commercial real estate:
Owner-occupied	$	3,734	$	35	$	1,365	$	20
Investment properties	407		66		32		5
Multifamily real estate	578		—		—		—
One- to four-family construction	1,388		—		—		—
Land and land development:
Residential	1,265		—		1,275		—
Commercial	4,870		—		—		—
Commercial business	418		44		537		46
Agricultural business, including secured by farmland	1,566		66		1,597		26
One- to four-family residential	7,111		15		8,507		35
Consumer:
Consumer secured by one- to four-family	951		38		838		47
Consumer—other	892		—		411		—
Total nonaccrual loans	23,180		264		14,562		179

Loans 90 days or more past due and still accruing
Commercial real estate:
One- to four-family residential	1,548		10		2,095		10
Consumer:
Consumer secured by one- to four-family	6		—		80		—
Consumer—other	1		—		—		—
Total loans 90 days or more past due and still accruing	1,555		10		2,175		10

Troubled debt restructuring on accrual status:
Commercial real estate:
Owner-occupied	183		4		184		4
Investment properties	5,981		640		6,021		724
Multifamily real estate	781		83		786		86
One- to four-family construction	2,772		454		3,923		640
Land and land development:
Residential	1,279		354		1,279		346
Commercial business	724		78		739		82
Agricultural business, including secured by farmland	289		3		—		—
One- to four-family residential	15,127		916		15,792		987
Consumer:
Consumer secured by one- to four-family	232		24		233		28
Consumer—other	190		6		197		6
Total troubled debt restructurings on accrual status	27,558		2,562		29,154		2,903
Total impaired loans	$	52,293	$	2,836	$	45,891	$	3,092

As of March 31, 2015 and December 31, 2014, the Company had commitments to advance funds related to TDRs up to additional amounts of $587,000 and $2.1 million, respectively.

The following tables provide additional information on impaired loans with and without specific allowance reserves at or for the three months ended March 31, 2015 and at or for the year ended December 31, 2014 (in thousands):



	At or For the Three Months Ended March 31, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Without a specific allowance reserve ⁽¹⁾
Commercial real estate:
Owner-occupied	$	940	$	990	$	34	$	946	$	—
Investment properties	407		407		66		495		—
Commercial business	418		631		44		443		—
Agricultural business/farmland	1,566		2,192		66		2,032		—
One- to four-family residential	7,750		8,407		16		7,764		6
Consumer:
Consumer secured by one- to four-family	824		899		3		842		—
Consumer—other	303		313		—		307		—
	12,208		13,839		229		12,829		6
With a specific allowance reserve ⁽²⁾
Commercial real estate:
Owner-occupied	2,977		2,977		3		1,752		3
Investment properties	5,981		6,386		641		5,995		77
Multifamily real estate	1,359		1,359		84		975		11
One- to-four family construction	4,160		4,197		454		3,097		31
Land and land development:
Residential	2,543		3,698		354		2,547		16
Commercial	4,870		5,445		—		1,624		—
Commercial business	725		725		78		729		9
Agricultural business/farmland	289		289		3		285		5
One- to four-family residential	16,036		16,799		925		16,261		198
Consumer:
Consumer secured by one- to four-family	365		365		59		367		3
Consumer—other	780		915		6		466		4
	40,085		43,155		2,607		34,098		357
Total
Commercial real estate:
Owner-occupied	3,917		3,967		37		2,698		3
Investment properties	6,388		6,793		707		6,490		77
Multifamily real estate	1,359		1,359		84		975		11
One- to four-family construction	4,160		4,197		454		3,097		31
Land and land development:
Residential	2,543		3,698		354		2,547		16
Commercial	4,870		5,445		—		1,624		—
Commercial business	1,143		1,356		122		1,172		9
Agricultural business/farmland	1,855		2,481		69		2,317		5
One- to four-family residential	23,786		25,206		941		24,025		204
Consumer:
Consumer secured by one- to four-family	1,189		1,264		62		1,209		3
Consumer—other	1,083		1,228		6		773		4
	$	52,293	$	56,994	$	2,836	$	46,927	$	363



	At or For the Year Ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Without a specific allowance reserve ⁽¹⁾
Commercial real estate:
Owner-occupied	$	399	$	449	$	20	$	526	$	—
Investment properties	32		32		5		44		—
Commercial business	537		763		46		566		—
Agricultural business/farmland	853		853		26		1,122		—
One- to four-family residential	8,546		9,244		18		7,284		29
Consumer:
Consumer secured by one- to four-family	783		888		11		838		3
Consumer—other	295		305		—		270		—
	11,445		12,534		126		10,650		32
With a specific allowance reserve ⁽²⁾
Commercial real estate:
Owner-occupied	1,149		1,149		4		1,315		12
Investment properties	6,022		6,426		724		6,101		315
Multifamily real estate	786		786		86		795		45
One- to-four family construction	3,923		3,923		640		2,655		118
Land and land development:
Residential	2,554		3,710		346		2,872		89
Commercial business	739		739		82		762		41
Agricultural business/farmland	744		744		—		744		—
One- to four-family residential	17,848		18,611		1,014		18,809		841
Consumer:
Consumer secured by one- to four-family	368		368		64		410		16
Consumer—other	313		329		6		327		19
	34,446		36,785		2,966		34,790		1,496
Total
Commercial real estate
Owner-occupied	1,548		1,598		24		1,841		12
Investment properties	6,054		6,458		729		6,145		315
Multifamily real estate	786		786		86		795		45
One- to four-family construction	3,923		3,923		640		2,655		118
Land and land development
Residential	2,554		3,710		346		2,872		89
Commercial business	1,276		1,502		128		1,328		41
Agricultural business/farmland	1,597		1,597		26		1,866		—
One- to four-family residential	26,394		27,855		1,032		26,093		870
Consumer
Consumer secured by one- to four-family	1,151		1,256		75		1,248		19
Consumer—other	608		634		6		597		19
	$	45,891	$	49,319	$	3,092	$	45,440	$	1,528


⁽¹⁾	Loans without a specific allowance reserve have not been individually evaluated for impairment, but have been included in pools of homogeneous loans for evaluation of related allowance reserves.

⁽²⁾

Loans with a specific allowance reserve have been individually evaluated for impairment using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals less costs to sell to establish realizable value. These analyses may identify a specific impairment amount needed or may conclude that no reserve is needed. Any specific impairment that is identified is included in the category’s Related Allowance column.

The following tables present TDRs at March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015
	Accrual Status		Nonaccrual Status		Total TDRs
Commercial real estate:
Owner-occupied	$	183	$	108	$	291
Investment properties	5,981		26		6,007
Multifamily real estate	781		—		781
One- to four-family construction	2,772		—		2,772
Land and land development:
Residential	1,279		514		1,793
Commercial business	724		82		806
Agricultural business, including secured by farmland	289		—		289
One- to four-family residential	15,127		1,404		16,531
Consumer:
Consumer secured by one- to four-family	232		115		347
Consumer—other	190		116		306
	$	27,558	$	2,365	$	29,923



	December 31, 2014
	Accrual Status		Nonaccrual Status		Total TDRs
Commercial real estate:
Owner-occupied	$	183	$	109	$	292
Investment properties	6,021		32		6,053
Multifamily real estate	786		—		786
One- to four-family construction	3,923		—		3,923
Land and land development:
Residential	1,279		525		1,804
Commercial business	739		87		826
One- to four-family residential	15,793		1,363		17,156
Consumer:
Consumer secured by one- to four-family	233		117		350
Consumer—other	197		116		313
	$	29,154	$	2,349	$	31,503

The following tables present new TDRs that occurred during the three months ended March 31, 2015 and 2014 (dollars in thousands):



	Three Months Ended March 31, 2015
	Number of Contracts	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Recorded Investment ^{(1) (2)}
One- to four-family construction	2	592		592
Agricultural business/farmland	2	288		288
	4	$	880	$	880

	Three Months Ended March 31, 2014
	Number of Contracts	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Recorded Investment ^{(1) (2)}
Commercial real estate
Owner-occupied	1	$	94	$	94
Commercial business	1	100		100
	2	$	194	$	194


⁽¹⁾	Since these loans were already considered classified and/or on nonaccrual status prior to restructuring, the modifications did not have a material effect on the Company’s determination of the allowance for loan losses.


⁽²⁾	The majority of these modifications do not fit into one separate type, such as rate, term, amount, interest-only or payment, but instead are a combination of multiple types of modifications; therefore, they are disclosed in aggregate.

There were no TDRs which incurred a payment default within twelve months of the restructure date during the three-month periods ended March 31, 2015 and 2014. A default on a TDR results in either a transfer to nonaccrual status or a partial charge-off.

Credit Quality Indicators: To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, management has implemented a risk-rating or loan grading system for its loans. The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company. Generally, loans and leases are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings. There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship. Loans are graded on a scale of 1 to 9. A description of the general characteristics of these categories is shown below:

Overall Risk Rating Definitions: Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan or lease. Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan or lease to exhibit characteristics of more than one risk-rating category. Consideration for the final rating is centered in the borrower’s ability to repay, in a timely fashion, both principal and interest. There were no material changes in the risk-rating or loan grading system in the three months ended March 31, 2015.

Risk Rating 1: Exceptional

A credit supported by exceptional financial strength, stability, and liquidity. The risk rating of 1 is reserved for the Company’s top quality loans, generally reserved for investment grade credits underwritten to the standards of institutional credit providers.

Risk Rating 2: Excellent

A credit supported by excellent financial strength, stability and liquidity. The risk rating of 2 is reserved for very strong and highly stable customers with ready access to alternative financing sources.

Risk Rating 3: Strong

A credit supported by good overall financial strength and stability. Collateral margins are strong; cash flow is stable although susceptible to cyclical market changes.

Risk Rating 4: Acceptable

A credit supported by the borrower’s adequate financial strength and stability. Assets and cash flow are reasonably sound and provide for orderly debt reduction. Access to alternative financing sources will be more difficult to obtain.

Risk Rating 5: Watch

A credit with the characteristics of an acceptable credit which requires, however, more than the normal level of supervision and warrants formal quarterly management reporting. Credits in this category are not yet criticized or classified, but due to adverse events or aspects of underwriting require closer than normal supervision. Generally, credits should be watch credits in most cases for six months or less as the impact of stress factors are analyzed.

Risk Rating 6: Special Mention

A credit with potential weaknesses that deserves management’s close attention is risk rated a 6. If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt. A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources. Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard

A credit with well defined weaknesses that jeopardize the ability to repay in full is risk rated a 7. These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral. These are credits with a distinct possibility of loss. Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful

A credit with an extremely high probability of loss is risk rated 8. These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable. While some loss on doubtful credits is expected, pending events may strengthen a credit making the amount and timing of any loss indeterminable. In these situations taking the loss is inappropriate until it is clear that the pending event has failed to strengthen the credit and improve the capacity to repay debt.

Risk Rating 9: Loss

A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable Bank asset is risk rated 9. Losses should be taken in the accounting period in which the credit is determined to be uncollectible. Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.

The following table shows the Company’s portfolio of risk-rated loans and non-risk-rated loans by grade or other characteristics as of March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5) ⁽¹⁾	$	1,533,181	$	206,791	$	410,039	$	742,040	$	199,436	$	540,693	$	369,465	$	4,001,645
Special mention	5,156		—		—		26,776		818		691		219		33,660
Substandard	25,887		1,896		20,924		7,763		8,381		11,039		3,611		79,501
Doubtful	—		—		—		—		—		—		12		12
Total loans	$	1,564,224	$	208,687	$	430,963	$	776,579	$	208,635	$	552,423	$	373,307	$	4,114,818

Performing loans	$	1,560,083	$	208,109	$	423,441	$	776,161	$	207,069	$	543,764	$	371,456	$	4,090,083
Non-performing loans ⁽²⁾	4,141		578		7,522		418		1,566		8,659		1,851		24,735
Total loans	$	1,564,224	$	208,687	$	430,963	$	776,579	$	208,635	$	552,423	$	373,307	$	4,114,818

	December 31, 2014
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5) ⁽¹⁾	$	1,375,885	$	166,712	$	395,356	$	691,143	$	234,101	$	527,384	$	346,456	$	3,737,037
Special mention	3,717		—		—		27,453		1,055		63		140		32,428
Substandard	24,123		812		15,650		5,368		3,343		12,447		2,601		64,344
Doubtful	—		—		—		—		—		—		11		11
Total loans	$	1,403,725	$	167,524	$	411,006	$	723,964	$	238,499	$	539,894	$	349,208	$	3,833,820

Performing loans	$	1,402,328	$	167,524	$	409,731	$	723,427	$	236,902	$	529,292	$	347,879	$	3,817,083
Non-performing loans ⁽²⁾	1,397		—		1,275		537		1,597		10,602		1,329		16,737
Total loans	$	1,403,725	$	167,524	$	411,006	$	723,964	$	238,499	$	539,894	$	349,208	$	3,833,820

⁽¹⁾

The Pass category includes some performing loans that are part of homogenous pools which are not individually risk-rated. This includes all consumer loans, all one- to four-family residential loans and, as of March 31, 2015 and December 31, 2014, in the commercial business category, $120 million and $115 million, respectively, of credit-scored small business loans. As loans in these pools become non-performing, they are individually risk-rated.


⁽²⁾	Non-performing loans include non-accrual loans and loans past due greater than 90 days and on accrual status.

The following tables provide additional detail on the age analysis of the Company’s past due loans as of March 31, 2015 and December 31, 2014 (in thousands):



	March 31, 2015
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied	$	2,254	$	1,589	$	815	$	4,658	$	622,873	$	627,531	$	—
Investment properties	—		—		910		910		935,783		936,693		—
Multifamily real estate	—		—		578		578		208,109		208,687		—
Commercial construction	—		—		—		—		30,434		30,434		—
Multifamily construction	—		—		—		—		56,201		56,201		—
One-to-four-family construction	1,494		—		—		1,494		226,730		228,224		—
Land and land development:
Residential	—		—		750		750		98,180		98,930		—
Commercial	—		—		1,225		1,225		15,949		17,174		—
Commercial business	350		63		—		413		776,166		776,579		—
Agricultural business, including secured by farmland	803		395		1,021		2,219		206,416		208,635		—
One- to four-family residential	897		943		5,279		7,119		545,304		552,423		1,548
Consumer:
Consumer secured by one- to four-family	431		103		121		655		232,988		233,643		6
Consumer—other	378		86		697		1,161		138,503		139,664		1
Total	$	6,607	$	3,179	$	11,396	$	21,182	$	4,093,636	$	4,114,818	$	1,555



	December 31, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied	$	—	$	1,984	$	—	$	1,984	$	544,799	$	546,783	$	—
Investment properties	639		—		—		639		856,303		856,942		—
Multifamily real estate	—		—		—		—		167,524		167,524		—
Commercial construction	—		—		—		—		17,337		17,337		—
Multifamily construction	—		—		—		—		60,193		60,193		—
One-to-four-family construction	840		—		—		840		219,049		219,889		—
Land and land development:
Residential	759		—		750		1,509		100,926		102,435		—
Commercial	—		—		—		—		11,152		11,152		—
Commercial business	775		35		100		910		723,054		723,964		—
Agricultural business, including secured by farmland	597		466		744		1,807		236,692		238,499		—
One-to four-family residential	877		1,623		7,526		10,026		529,868		539,894		2,095
Consumer:
Consumer secured by one- to four-family	59		60		139		258		221,947		222,205		80
Consumer—other	491		88		293		872		126,131		127,003		—
Total	$	5,037	$	4,256	$	9,552	$	18,845	$	3,814,975	$	3,833,820	$	2,175

The following tables provide additional information on the allowance for loan losses and loan balances individually and collectively evaluated for impairment at or for the three months ended March 31, 2015 and 2014 (in thousands):



	For the Three Months Ended March 31, 2015
	Commercial Real Estate		Multifamily Real Estate			Construction and Land		Commercial Business			Agricultural Business			One- to Four-Family Residential			Consumer			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	18,784	$	4,562		$	23,545	$	12,043		$	2,821		$	8,447		$	483		$	5,222		$	75,907
Provision for loan losses	305		(161		)	745		778			1,434			(237		)	245			(3,109		)	—
Recoveries	14		—			108		178			295			6			46			—			647
Charge-offs	—		—			—		(107		)	(818		)	(75		)	(189		)	—			(1,189		)
Ending balance	$	19,103	$	4,401		$	24,398	$	12,892		$	3,732		$	8,141		$	585		$	2,113		$	75,365



	March 31, 2015
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Unallocated		Total
Allowance individually evaluated for impairment	$	643	$	84	$	808	$	78	$	3	$	925	$	65	$	—	$	2,606
Allowance collectively evaluated for impairment	18,460		4,317		23,590		12,814		3,729		7,216		520		2,113		72,759
Total allowance for loan losses	$	19,103	$	4,401	$	24,398	$	12,892	$	3,732	$	8,141	$	585	$	2,113	$	75,365



Loan balances:
Loans individually evaluated for impairment	$	8,958	$	1,359	$	11,573	$	725	$	289	$	16,036	$	1,145	$	—	$	40,085
Loans collectively evaluated for impairment	1,550,691		207,328		419,390		775,854		208,346		535,295		372,155		—		4,069,059
Loans acquired with deteriorated credit quality	4,575		—		—		—		—		1,092		7		—		5,674
Total loans	$	1,564,224	$	208,687	$	430,963	$	776,579	$	208,635	$	552,423	$	373,307	$	—	$	4,114,818



	For the Three Months Ended March 31, 2014
	Commercial Real Estate			Multifamily Real Estate		Construction and Land		Commercial Business			Agricultural Business			One- to Four-Family Residential			Consumer			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	16,759		$	5,306	$	17,640	$	11,773		$	2,841		$	11,486		$	1,335		$	7,118		$	74,258
Provision for loan losses	595			346		748		35			(555		)	(382		)	(532		)	(255		)	—
Recoveries	296			—		232		293			350			188			282			—			1,641
Charge-offs	(238		)	—		—		(738		)	—			(379		)	(173		)	—			(1,528		)
Ending balance	$	17,412		$	5,652	$	18,620	$	11,363		$	2,636		$	10,913		$	912		$	6,863		$	74,371



	March 31, 2014
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Unallocated		Total
Allowance individually evaluated for impairment	$	574	$	1,059	$	1,521	$	159	$	—	$	1,292	$	88	$	—	$	4,693
Allowance collectively evaluated for impairment	16,838		4,593		17,099		11,204		2,636		9,621		824		6,863		69,678
Loans acquired with deteriorated credit quality
Total allowance for loan losses	$	17,412	$	5,652	$	18,620	$	11,363	$	2,636	$	10,913	$	912	$	6,863	$	74,371



Loan balances:
Loans individually evaluated for impairment	$	10,063	$	5,726	$	10,133	$	1,040	$	—	$	24,959	$	1,088	$	—	$	53,009
Loans collectively evaluated for impairment	1,241,036		147,277		368,641		715,506		208,817		492,662		295,964		—		3,469,903
Total loans	$	1,251,099	$	153,003	$	378,774	$	716,546	$	208,817	$	517,621	$	297,052	$	—	$	3,522,912