Maryland
|
43-1524856
|
(State or other jurisdiction of incorporation or organization)
|
(IRS Employer Identification No.)
|
|
|
1451 E. Battlefield, Springfield, Missouri
|
65804
|
(Address of principal executive offices)
|
(Zip Code)
|
|
|
(417) 887-4400
|
Registrant's telephone number, including area code
|
Title of Each Class
|
Name of Each Exchange on Which Registered
|
Common Stock, par value $0.01 per share
|
The NASDAQ Stock Market LLC
|
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.
|
Yes [ ] No [X]
|
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act.
|
Yes [ ] No [X]
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90
days.
|
Yes [X] No [ ]
|
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be
submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
|
Yes [X] No [ ]
|
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not
contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]
|
|
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange
Act.
|
|
Large accelerated filer [ ] Accelerated filer [X] Non-accelerated filer [ ]
Smaller reporting company [ ]Emerging growth company [ ] |
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
|
|
Indicated by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
|
Yes [ ] No [X]
|
The aggregate market value of the common stock of the registrant held by non-affiliates of the
Registrant on June 30, 2018, computed by reference to the closing price of such shares on that date, was $626,952,383. At March 5, 2019, 14,169,682 shares of the Registrant's common stock were outstanding.
|
|
|
|
|
|
Page
|
ITEM 1.
|
BUSINESS
|
|
1
|
ITEM 1A.
|
RISK FACTORS
|
|
46
|
ITEM 1B.
|
UNRESOLVED STAFF COMMENTS
|
|
57
|
ITEM 2.
|
PROPERTIES.
|
|
57
|
ITEM 3.
|
LEGAL PROCEEDINGS.
|
|
57
|
ITEM 4.
|
MINE SAFETY DISCLOSURES.
|
|
57
|
ITEM 4A.
|
EXECUTIVE OFFICERS OF THE REGISTRANT.
|
|
57
|
ITEM 5.
|
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
|
|
58
|
ITEM 6.
|
SELECTED FINANCIAL DATA
|
|
59
|
ITEM 7.
|
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
|
|
62
|
ITEM 7A.
|
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
|
95
|
ITEM 8.
|
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
|
|
99
|
ITEM 9.
|
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
|
|
171
|
ITEM 9A.
|
CONTROLS AND PROCEDURES.
|
|
171
|
ITEM 9B.
|
OTHER INFORMATION.
|
|
173
|
ITEM 10.
|
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.
|
|
174
|
ITEM 11.
|
EXECUTIVE COMPENSATION.
|
|
174
|
ITEM 12.
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS
|
|
174
|
ITEM 13.
|
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE.
|
|
174
|
ITEM 14.
|
PRINCIPAL ACCOUNTING FEES AND SERVICES.
|
|
175
|
ITEM 15.
|
EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
|
|
176
|
December 31,
|
||||||||||||||||||||||||||||||||||||||||
2018
|
2017
|
2016
|
2015
|
2014
|
||||||||||||||||||||||||||||||||||||
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
|||||||||||||||||||||||||||||||
(Dollars In Thousands)
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans:
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family(1)
|
$
|
400,954
|
8.3
|
%
|
$
|
318,186
|
7.3
|
%
|
$
|
353,709
|
8.6
|
%
|
$
|
272,411
|
7.9
|
%
|
$
|
245,180
|
8.3
|
%
|
||||||||||||||||||||
Other residential
|
784,894
|
16.3
|
745,645
|
17.1
|
663,378
|
16.1
|
419,550
|
12.1
|
392,415
|
13.2
|
||||||||||||||||||||||||||||||
Commercial(2)
|
1,385,375
|
28.7
|
1,256,986
|
28.8
|
1,211,644
|
29.4
|
1,080,836
|
31.3
|
986,936
|
33.3
|
||||||||||||||||||||||||||||||
Residential construction:
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
26,683
|
0.5
|
23,266
|
0.5
|
26,764
|
0.6
|
36,430
|
1.1
|
49,631
|
1.7
|
||||||||||||||||||||||||||||||
Other residential
|
376,575
|
7.8
|
208,883
|
4.8
|
202,202
|
4.9
|
133,718
|
3.9
|
59,664
|
2.0
|
||||||||||||||||||||||||||||||
Commercial
|
1,098,420
|
22.8
|
919,029
|
21.1
|
641,195
|
15.6
|
551,115
|
16.0
|
404,683
|
13.7
|
||||||||||||||||||||||||||||||
Total real estate loans
|
4,072,901
|
84.4
|
3,471,995
|
79.6
|
3,098,892
|
75.2
|
2,494,060
|
72.3
|
2,138,509
|
72.2
|
||||||||||||||||||||||||||||||
Other Loans:
|
||||||||||||||||||||||||||||||||||||||||
Consumer loans:
|
||||||||||||||||||||||||||||||||||||||||
Automobile, boat, etc.
|
309,201
|
6.4
|
418,594
|
9.6
|
563,086
|
13.7
|
513,798
|
14.9
|
400,392
|
13.5
|
||||||||||||||||||||||||||||||
Home equity and improvement
|
121,352
|
2.5
|
115,439
|
2.7
|
108,753
|
2.6
|
83,966
|
2.4
|
66,275
|
2.2
|
||||||||||||||||||||||||||||||
Other
|
1,677
|
—
|
1,916
|
—
|
1,148
|
—
|
926
|
—
|
987
|
0.1
|
||||||||||||||||||||||||||||||
Total consumer loans
|
432,230
|
8.9
|
535,949
|
12.3
|
672,987
|
16.3
|
598,690
|
17.3
|
467,654
|
15.8
|
||||||||||||||||||||||||||||||
Other commercial loans
|
322,119
|
6.7
|
353,553
|
8.1
|
348,955
|
8.5
|
357,581
|
10.4
|
354,012
|
12.0
|
||||||||||||||||||||||||||||||
Total other loans
|
754,349
|
15.6
|
889,502
|
20.4
|
1,021,942
|
24.8
|
956,271
|
27.7
|
821,666
|
27.8
|
||||||||||||||||||||||||||||||
Total loans
|
4,827,250
|
100.0
|
%
|
4,361,497
|
100.0
|
%
|
4,120,834
|
100.0
|
%
|
3,450,331
|
100.0
|
%
|
2,960,175
|
100.0
|
%
|
|||||||||||||||||||||||||
Less:
|
||||||||||||||||||||||||||||||||||||||||
Loans in process
|
958,436
|
793,664
|
585,305
|
418,702
|
323,572
|
|||||||||||||||||||||||||||||||||||
Deferred fees and discounts
|
7,400
|
6,500
|
4,869
|
3,528
|
3,276
|
|||||||||||||||||||||||||||||||||||
Allowance for loan losses
|
37,988
|
36,033
|
36,775
|
36,646
|
36,300
|
|||||||||||||||||||||||||||||||||||
Total legacy loans receivable, net
|
$
|
3,823,426
|
$
|
3,525,300
|
$
|
3,493,885
|
$
|
2,991,455
|
$
|
2,597,027
|
||||||||||||||||||||||||||||||
(1) Includes loans held for sale.
(2) Total commercial real estate loans included industrial revenue bonds of $13.9 million, $21.7 million, $24.7
million, $37.4 million and $41.1 million at December 31, 2018, 2017, 2016, 2015 and 2014.
|
December 31,
|
||||||||||||||||||||||||||||||||||||||||
2018
|
2017
|
2016
|
2015
|
2014
|
||||||||||||||||||||||||||||||||||||
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
|||||||||||||||||||||||||||||||
(Dollars In Thousands)
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans:
|
||||||||||||||||||||||||||||||||||||||||
Residential
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
$
|
102,153
|
55.4
|
%
|
$
|
132,432
|
57.1
|
%
|
$
|
169,541
|
54.7
|
%
|
$
|
213,317
|
52.3
|
%
|
$
|
256,099
|
47.7
|
%
|
||||||||||||||||||||
Other residential
|
13,396
|
7.3
|
15,501
|
6.7
|
30,605
|
9.9
|
38,487
|
9.4
|
53,914
|
10.0
|
||||||||||||||||||||||||||||||
Commercial(1)
|
34,853
|
18.9
|
41,218
|
17.8
|
56,548
|
18.2
|
79,461
|
19.5
|
119,279
|
22.2
|
||||||||||||||||||||||||||||||
Construction
|
5,588
|
3.0
|
5,509
|
2.4
|
4,508
|
1.5
|
11,087
|
2.7
|
20,324
|
3.8
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
Total real estate loans
|
155,990
|
84.6
|
194,660
|
84.0
|
261,202
|
84.3
|
342,352
|
83.9
|
449,616
|
83.7
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
Other Loans:
|
||||||||||||||||||||||||||||||||||||||||
Consumer loans:
|
||||||||||||||||||||||||||||||||||||||||
Student loans
|
—
|
—
|
—
|
—
|
—
|
—
|
481
|
0.1
|
543
|
0.1
|
||||||||||||||||||||||||||||||
Home equity and
improvement
|
21,490
|
11.7
|
27,778
|
12.0
|
35,688
|
11.5
|
43,507
|
10.7
|
52,436
|
9.8
|
||||||||||||||||||||||||||||||
Other
|
2,110
|
1.1
|
3,367
|
1.4
|
4,739
|
1.5
|
6,578
|
1.6
|
9,308
|
1.7
|
||||||||||||||||||||||||||||||
Total consumer loans
|
23,600
|
12.8
|
31,145
|
13.4
|
40,427
|
13.0
|
50,566
|
12.4
|
62,287
|
11.6
|
||||||||||||||||||||||||||||||
Other commercial loans
|
4,861
|
2.6
|
6,016
|
2.6
|
8,448
|
2.7
|
15,331
|
3.7
|
25,160
|
4.7
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
Total other loans
|
28,461
|
15.4
|
37,161
|
16.0
|
48,875
|
15.7
|
65,897
|
16.1
|
87,447
|
16.3
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||
Total loans(2)
|
184,451
|
100.0
|
%
|
231,821
|
100.0
|
%
|
310,077
|
100.0
|
%
|
408,249
|
100.0
|
%
|
537,063
|
100.0
|
%
|
|||||||||||||||||||||||||
Less:
|
||||||||||||||||||||||||||||||||||||||||
Loans in process
|
5
|
5
|
8
|
17
|
631
|
|||||||||||||||||||||||||||||||||||
Allowance for loan losses
|
421
|
459
|
625
|
1,503
|
2,135
|
|||||||||||||||||||||||||||||||||||
Fair value discounts
|
16,800
|
22,152
|
26,918
|
45,387
|
77,897
|
|||||||||||||||||||||||||||||||||||
Total loans receivable, net
|
$
|
167,225
|
$
|
209,205
|
$
|
282,526
|
$
|
361,342
|
$
|
456,400
|
(1)
|
Total commercial real estate loans included industrial revenue bonds of $1.4 million, $2.2 million, $2.5 million, $3.2
million and $3.7 million at December 31, 2018, 2017, 2016, 2015, and 2014, respectively.
|
(2)
|
At December 31, 2018 and 2017, none of these acquired loans were covered by an FDIC loss sharing agreement.
|
December 31,
|
||||||||||||||||||||||||||||||||||||||||
2018
|
2017
|
2016
|
2015
|
2014
|
||||||||||||||||||||||||||||||||||||
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
|||||||||||||||||||||||||||||||
(Dollars In Thousands)
|
||||||||||||||||||||||||||||||||||||||||
Fixed-Rate Loans:
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
$
|
152,778
|
3.2
|
%
|
$
|
148,790
|
3.4
|
%
|
$
|
168,813
|
4.1
|
%
|
$
|
110,738
|
3.2
|
%
|
$
|
102,780
|
3.5
|
%
|
||||||||||||||||||||
Other residential
|
387,744
|
8.0
|
279,593
|
6.4
|
304,387
|
7.4
|
257,854
|
7.5
|
273,701
|
9.2
|
||||||||||||||||||||||||||||||
Commercial
|
686,832
|
14.2
|
603,183
|
13.8
|
589,354
|
14.3
|
522,924
|
15.2
|
453,153
|
15.3
|
||||||||||||||||||||||||||||||
Residential construction:
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
6,908
|
0.1
|
7,998
|
0.2
|
10,950
|
0.3
|
16,483
|
0.5
|
17,753
|
0.6
|
||||||||||||||||||||||||||||||
Other residential
|
19,165
|
0.4
|
6,636
|
0.2
|
26,487
|
0.6
|
21,548
|
0.6
|
9,950
|
0.3
|
||||||||||||||||||||||||||||||
Commercial construction
|
922,418
|
19.2
|
717,350
|
16.4
|
530,375
|
12.9
|
376,661
|
10.9
|
285,623
|
9.7
|
||||||||||||||||||||||||||||||
Total real estate loans
|
2,175,845
|
45.1
|
1,763,550
|
40.4
|
1,630,366
|
39.6
|
1,306,208
|
37.9
|
1,142,960
|
38.6
|
||||||||||||||||||||||||||||||
Consumer
|
301,627
|
6.2
|
411,068
|
9.4
|
553,800
|
13.4
|
506,574
|
14.7
|
396,412
|
13.4
|
||||||||||||||||||||||||||||||
Other commercial
|
186,030
|
3.9
|
203,388
|
4.7
|
194,431
|
4.7
|
195,602
|
5.6
|
197,635
|
6.7
|
||||||||||||||||||||||||||||||
Total fixed-rate loans
|
2,663,502
|
55.2
|
2,378,006
|
54.5
|
2,378,597
|
57.7
|
2,008,384
|
58.2
|
1,737,007
|
58.7
|
||||||||||||||||||||||||||||||
Adjustable-Rate Loans:
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
248,176
|
5.1
|
169,396
|
3.9
|
184,896
|
4.5
|
161,673
|
4.7
|
142,400
|
4.8
|
||||||||||||||||||||||||||||||
Other residential
|
397,150
|
8.3
|
466,052
|
10.7
|
358,991
|
8.7
|
161,696
|
4.7
|
118,714
|
4.0
|
||||||||||||||||||||||||||||||
Commercial
|
698,543
|
14.5
|
653,803
|
15.0
|
622,290
|
15.1
|
557,912
|
16.2
|
533,783
|
18.0
|
||||||||||||||||||||||||||||||
Residential construction:
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
19,775
|
0.4
|
15,268
|
0.4
|
15,814
|
0.4
|
19,947
|
0.5
|
31,878
|
1.1
|
||||||||||||||||||||||||||||||
Other residential
|
357,410
|
7.4
|
202,247
|
4.6
|
175,715
|
4.3
|
112,170
|
3.3
|
49,714
|
1.7
|
||||||||||||||||||||||||||||||
Commercial construction
|
176,002
|
3.6
|
201,679
|
4.6
|
110,820
|
2.7
|
174,454
|
5.0
|
119,060
|
4.0
|
||||||||||||||||||||||||||||||
Total real estate loans
|
1,897,056
|
39.3
|
1,708,445
|
39.2
|
1,468,526
|
35.7
|
1,187,852
|
34.4
|
995,549
|
33.6
|
||||||||||||||||||||||||||||||
Consumer
|
130,603
|
2.7
|
124,881
|
2.9
|
119,187
|
2.9
|
92,116
|
2.7
|
71,242
|
2.4
|
||||||||||||||||||||||||||||||
Other commercial
|
136,089
|
2.8
|
150,165
|
3.4
|
154,524
|
3.7
|
161,979
|
4.7
|
156,377
|
5.3
|
||||||||||||||||||||||||||||||
Total adjustable-rate loans
|
2,163,748
|
44.8
|
1,983,491
|
45.5
|
1,742,237
|
42.3
|
1,441,947
|
41.8
|
1,223,168
|
41.3
|
||||||||||||||||||||||||||||||
Total Loans
|
4,827,250
|
100.0
|
%
|
4,361,497
|
100.0
|
%
|
4,120,834
|
100.0
|
%
|
3,450,331
|
100.0
|
%
|
2,960,175
|
100.0
|
%
|
|||||||||||||||||||||||||
Less:
|
||||||||||||||||||||||||||||||||||||||||
Loans in process
|
958,436
|
793,664
|
585,305
|
418,702
|
323,572
|
|||||||||||||||||||||||||||||||||||
Deferred fees and discounts
|
7,400
|
6,500
|
4,869
|
3,528
|
3,276
|
|||||||||||||||||||||||||||||||||||
Allowance for loan losses
|
37,988
|
36,033
|
36,775
|
36,646
|
36,300
|
|||||||||||||||||||||||||||||||||||
Total legacy loans receivable, net
|
$
|
3,823,426
|
$
|
3,525,300
|
$
|
3,493,885
|
$
|
2,991,455
|
$
|
2,597,027
|
December 31,
|
||||||||||||||||||||||||||||||||||||||||
2018
|
2017
|
2016
|
2015
|
2014
|
||||||||||||||||||||||||||||||||||||
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
|||||||||||||||||||||||||||||||
(Dollars In Thousands)
|
||||||||||||||||||||||||||||||||||||||||
Fixed-Rate Loans:
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
$
|
41,460
|
22.5
|
%
|
$
|
54,302
|
23.4
|
%
|
$
|
72,738
|
23.5
|
%
|
$
|
99,456
|
24.4
|
%
|
$
|
128,669
|
24.0
|
%
|
||||||||||||||||||||
Other residential
|
12,572
|
6.8
|
13,129
|
5.7
|
25,593
|
8.2
|
25,551
|
6.3
|
24,250
|
4.5
|
||||||||||||||||||||||||||||||
Commercial
|
27,194
|
14.7
|
25,973
|
11.2
|
29,043
|
9.4
|
32,255
|
7.9
|
54,055
|
10.1
|
||||||||||||||||||||||||||||||
Construction
|
4,598
|
2.5
|
4,297
|
1.9
|
2,176
|
0.7
|
5,858
|
1.4
|
12,768
|
2.4
|
||||||||||||||||||||||||||||||
Total real estate loans
|
85,824
|
46.5
|
97,701
|
42.2
|
129,550
|
41.8
|
163,120
|
40.0
|
219,742
|
41.0
|
||||||||||||||||||||||||||||||
Consumer
|
2,447
|
1.3
|
3,712
|
1.6
|
5,111
|
1.6
|
7,561
|
1.8
|
10,794
|
2.0
|
||||||||||||||||||||||||||||||
Other commercial
|
3,354
|
1.9
|
3,819
|
1.6
|
4,917
|
1.6
|
6,999
|
1.7
|
12,096
|
2.3
|
||||||||||||||||||||||||||||||
Total fixed-rate loans
|
91,625
|
49.7
|
105,232
|
45.4
|
139,578
|
45.0
|
177,680
|
43.5
|
242,632
|
45.3
|
||||||||||||||||||||||||||||||
Adjustable-Rate Loans:
|
||||||||||||||||||||||||||||||||||||||||
Real Estate Loans
|
||||||||||||||||||||||||||||||||||||||||
One- to four- family
|
60,693
|
32.9
|
78,130
|
33.7
|
96,803
|
31.2
|
113,861
|
27.9
|
127,430
|
23.7
|
||||||||||||||||||||||||||||||
Other residential
|
824
|
0.4
|
2,372
|
1.0
|
5,012
|
1.6
|
12,936
|
3.2
|
29,664
|
5.5
|
||||||||||||||||||||||||||||||
Commercial
|
7,659
|
4.2
|
15,245
|
6.6
|
27,505
|
8.9
|
47,206
|
11.6
|
65,224
|
12.1
|
||||||||||||||||||||||||||||||
Construction
|
990
|
0.5
|
1,212
|
0.5
|
2,332
|
0.8
|
5,229
|
1.3
|
7,556
|
1.4
|
||||||||||||||||||||||||||||||
Total real estate loans
|
70,166
|
38.0
|
96,959
|
41.8
|
131,652
|
42.5
|
179,232
|
44.0
|
229,874
|
42.7
|
||||||||||||||||||||||||||||||
Consumer
|
21,153
|
11.5
|
27,433
|
11.8
|
35,316
|
11.4
|
43,005
|
10.5
|
51,493
|
9.6
|
||||||||||||||||||||||||||||||
Other commercial
|
1,507
|
0.8
|
2,197
|
1.0
|
3,531
|
1.1
|
8,332
|
2.0
|
13,064
|
2.4
|
||||||||||||||||||||||||||||||
Total adjustable-rate loans
|
92,826
|
50.3
|
126,589
|
54.6
|
170,499
|
55.0
|
230,569
|
56.5
|
294,431
|
54.7
|
||||||||||||||||||||||||||||||
Total Loans
|
184,451
|
100.0
|
%
|
231,821
|
100.0
|
%
|
310,077
|
100.0
|
%
|
408,249
|
100.0
|
%
|
537,063
|
100.0
|
%
|
|||||||||||||||||||||||||
Less:
|
||||||||||||||||||||||||||||||||||||||||
Loans in process
|
5
|
5
|
8
|
17
|
631
|
|||||||||||||||||||||||||||||||||||
Allowance for loan losses
|
421
|
459
|
625
|
1,503
|
2,135
|
|||||||||||||||||||||||||||||||||||
Fair value discounts
|
16,800
|
22,152
|
26,918
|
45,387
|
77,897
|
|||||||||||||||||||||||||||||||||||
Total loans receivable, net
|
$
|
167,225
|
$
|
209,205
|
$
|
282,526
|
$
|
361,342
|
$
|
456,400
|
||||||||||||||||||||||||||||||
|
Less Than
One Year
|
One to Five
Years
|
After Five
Years
|
Total
|
||||||||||||
|
(In Thousands)
|
|||||||||||||||
Real Estate Loans:
|
||||||||||||||||
Residential
|
||||||||||||||||
One- to four- family
|
$
|
29,228
|
$
|
72,287
|
$
|
299,439
|
$
|
400,954
|
||||||||
Other residential
|
182,147
|
542,451
|
60,296
|
784,894
|
||||||||||||
Commercial
|
296,796
|
939,802
|
148,777
|
1,385,375
|
||||||||||||
Residential construction:
|
||||||||||||||||
One- to four- family
|
16,709
|
6,742
|
3,232
|
26,683
|
||||||||||||
Other residential
|
57,438
|
315,603
|
3,534
|
376,575
|
||||||||||||
Commercial construction
|
895,660
|
175,262
|
27,498
|
1,098,420
|
||||||||||||
Total real estate loans
|
1,477,978
|
2,052,147
|
542,776
|
4,072,901
|
||||||||||||
Other Loans:
|
||||||||||||||||
Consumer loans:
|
||||||||||||||||
Automobile and other
|
29,133
|
225,344
|
56,401
|
310,878
|
||||||||||||
Home equity and improvement
|
8,475
|
29,750
|
83,127
|
121,352
|
||||||||||||
Total consumer loans
|
37,608
|
255,094
|
139,528
|
432,230
|
||||||||||||
Other commercial loans
|
132,087
|
119,787
|
70,245
|
322,119
|
||||||||||||
Total other loans
|
169,695
|
374,881
|
209,773
|
754,349
|
||||||||||||
Total loans
|
$
|
1,647,673
|
$
|
2,427,028
|
$
|
752,549
|
$
|
4,827,250
|
|
|
Less Than
One Year
|
|
|
One to Five
Years
|
|
|
After Five
Years
|
|
|
Total
|
|
||||
|
|
(In Thousands)
|
|
|||||||||||||
Real Estate Loans:
|
|
|
|
|||||||||||||
Residential
|
|
|
|
|||||||||||||
One- to four- family
|
|
$
|
7,260
|
|
|
$
|
26,323
|
|
|
$
|
68,570
|
|
|
$
|
102,153
|
|
Other residential
|
|
|
4,814
|
|
|
|
7,274
|