XML 59 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Loans And Allowance For Loan Losses [Abstract]  
Southwest's Loan Classifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At June 30, 2014

 

At December 31, 2013

Real estate mortgage:

 

 

 

 

 

Commercial

$
769,021 

 

$
752,279 

One-to-four family residential

 
79,542 

 

 
83,988 

Real estate construction:

 

 

 

 

 

Commercial

 
166,981 

 

 
143,848 

One-to-four family residential

 
8,359 

 

 
4,646 

Commercial

 
300,163 

 

 
255,058 

Installment and consumer:

 

 

 

 

 

Guaranteed student loans

 
4,282 

 

 
4,394 

Other

 
23,352 

 

 
26,690 

 

 
1,351,700 

 

 
1,270,903 

Less: Allowance for loan losses

 
(33,083)

 

 
(36,663)

Total loans, net

$
1,318,617 

 

$
1,234,240 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2014

 

 

2013

 

 

 

 

Carrying

 

 

 

 

Carrying

 

Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$
1,503 

 

$
15,053 

 

$
1,707 

 

$
23,601 

Payments received

 

 -

 

 
(6,766)

 

 

 -

 

 
(1,941)

Net charge-offs

 
(5)

 

 
(367)

 

 

 -

 

 
(70)

Accretion

 
(638)

 

 

 -

 

 
(127)

 

 
56 

Balance at end of period

$
860 

 

$
7,920 

 

$
1,580 

 

$
21,646 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2014

 

2013

 

 

 

 

Carrying

 

 

 

 

Carrying

 

Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$
1,597 

 

$
16,427 

 

$
1,904 

 

$
25,707 

Payments received

 

 -

 

 
(8,099)

 

 

 -

 

 
(3,830)

Transfers to other real estate / repossessed assets

 

 -

 

 

 -

 

 
(33)

 

 
(375)

Net charge-offs

 
(9)

 

 
(408)

 

 
(1)

 

 
(70)

Accretion

 
(728)

 

 

 -

 

 
(290)

 

 
214 

Balance at end of period

$
860 

 

$
7,920 

 

$
1,580 

 

$
21,646 

 

 

Recorded Investment In Loans On Nonaccrual Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At June 30, 2014

 

At December 31, 2013

Real estate mortgage:

 

 

 

 

 

Commercial

$
7,613 

 

$
7,766 

One-to-four family residential

 
1,180 

 

 
513 

Real estate construction:

 

 

 

 

 

Commercial

 
82 

 

 
2,721 

Commercial

 
7,484 

 

 
8,769 

Other consumer

 
119 

 

 
50 

Total nonaccrual loans

$
16,478 

 

$
19,819 

 

Age Analysis Of Past Due Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 days and

 

 

 

 

 

 

 

 

 

 

Recorded loans

 

30-89 days

 

greater

 

Total past

 

 

 

 

Total

 

> 90 days and

(Dollars in thousands)

past due

 

past due

 

due

 

Current

 

loans

 

accruing

At June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
4,538 

 

$
7,613 

 

$
12,151 

 

$
756,870 

 

$
769,021 

 

$

 -

One-to-four family residential

 
234 

 

 
1,180 

 

 
1,414 

 

 
78,128 

 

 
79,542 

 

 

 -

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 -

 

 
82 

 

 
82 

 

 
166,899 

 

 
166,981 

 

 

 -

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 
8,359 

 

 
8,359 

 

 

 -

Commercial

 
773 

 

 
7,484 

 

 
8,257 

 

 
291,906 

 

 
300,163 

 

 

 -

Other

 
74 

 

 
119 

 

 
193 

 

 
27,441 

 

 
27,634 

 

 

 -

Total

$
5,619 

 

$
16,478 

 

$
22,097 

 

$
1,329,603 

 

 
1,351,700 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,851 

 

$
7,766 

 

$
11,617 

 

$
740,662 

 

$
752,279 

 

$

 -

One-to-four family residential

 
302 

 

 
513 

 

 
815 

 

 
83,173 

 

 
83,988 

 

 

 -

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 
569 

 

 
2,721 

 

 
3,290 

 

 
140,558 

 

 
143,848 

 

 

 -

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 
4,646 

 

 
4,646 

 

 

 -

Commercial

 
1,998 

 

 
8,819 

 

 
10,817 

 

 
244,241 

 

 
255,058 

 

 
50 

Other

 
128 

 

 
53 

 

 
181 

 

 
30,903 

 

 
31,084 

 

 
3 

Total

$
6,848 

 

$
19,872 

 

$
26,720 

 

$
1,244,183 

 

 
1,270,903 

 

$
53 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$
29,954 

 

$
31,355 

 

$
16,207 

 

$
16,291 

 

$
3,598 

One-to-four family residential

 
1,650 

 

 
1,795 

 

 
10 

 

 
49 

 

 

 -

Real estate construction

 
82 

 

 
108 

 

 

 -

 

 

 -

 

 

 -

Commercial

 
2,195 

 

 
2,832 

 

 
6,678 

 

 
12,699 

 

 
2,625 

Other

 
119 

 

 
238 

 

 

 -

 

 

 -

 

 

 -

Total

$
34,000 

 

$
36,328 

 

$
22,895 

 

$
29,039 

 

$
6,223 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$
38,077 

 

$
39,544 

 

$
15,903 

 

$
16,186 

 

$
4,015 

One-to-four family residential

 
510 

 

 
630 

 

 
42 

 

 
94 

 

 
4 

Real estate construction

 
84 

 

 
106 

 

 
2,636 

 

 
2,762 

 

 
18 

Commercial

 
1,120 

 

 
1,254 

 

 
9,177 

 

 
14,608 

 

 
3,863 

Other

 
4 

 

 
6 

 

 
46 

 

 
72 

 

 
46 

Total

$
39,795 

 

$
41,540 

 

$
27,804 

 

 
33,722 

 

$
7,946 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Recorded Investment And Interest Income Recognized On Impaired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the six months ended June 30,

 

 

2014

 

2013

 

 

Average

 

 

 

 

Average

 

 

 

 

 

Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$
43,104 

 

$
663 

 

$
64,490 

 

$
968 

 

One-to-four family residential

 
3,649 

 

 
1 

 

 
4,844 

 

 
1 

 

Real estate construction

 
251 

 

 

 -

 

 
5,514 

 

 

 -

 

Commercial

 
9,693 

 

 
42 

 

 
13,880 

 

 
46 

 

Other

 
69 

 

 

 -

 

 
161 

 

 

 -

 

Total

$
56,766 

 

$
706 

 

$
88,889 

 

$
1,015 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Troubled Debt Restructured Loans Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At June 30, 2014

 

At December 31, 2013

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$
37,212 

 

$
3,840 

 

$
44,442 

 

$
4,456 

One-to-four family residential

 
16 

 

 
121 

 

 
18 

 

 
162 

Commercial

 
1,388 

 

 
273 

 

 
1,527 

 

 
648 

Consumer

 

 -

 

 

 -

 

 

 -

 

 
46 

Total

$
38,616 

 

$
4,234 

 

$
45,987 

 

$
5,312 

 

Loans Modified As Troubled Debt Restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 
2 

 

$
9,684 

 

 
2 

 

$
1,722 

Commercial

 

 -

 

 

 -

 

 
2 

 

 
1,307 

Total

 
2 

 

$
9,684 

 

 
4 

 

$
3,029 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 
2 

 

$
9,684 

 

 
7 

 

$
2,948 

Commercial

 
3 

 

 
229 

 

 
5 

 

 
1,863 

Total

 
5 

 

$
9,913 

 

 
12 

 

$
4,811 

 

 

Recorded Investment And The Number Of Loans Modified As Troubled Debt Restructuring Which Subsequently Defaulted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial

 
1 

 

$
205 

 

 
1 

 

$
1,048 

Total

 
1 

 

$
205 

 

 
1 

 

$
1,048 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial real estate

 

 -

 

$

 -

 

 
1 

 

$
550 

Commercial

 
1 

 

 
205 

 

 
1 

 

 
1,048 

Total

 
1 

 

$
205 

 

 
2 

 

$
1,598 

 

 

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, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$
649,528 

 

$
77,779 

 

$
149,316 

 

$
284,442 

 

$
27,382 

 

$
1,188,447 

Special Mention

 
51,345 

 

 
104 

 

 
7,164 

 

 
4,013 

 

 
133 

 

 
62,759 

Substandard

 
67,750 

 

 
1,625 

 

 
18,860 

 

 
6,328 

 

 
119 

 

 
94,682 

Doubtful

 
398 

 

 
34 

 

 

 -

 

 
5,380 

 

 

 -

 

 
5,812 

Total

$
769,021 

 

$
79,542 

 

$
175,340 

 

$
300,163 

 

$
27,634 

 

$
1,351,700 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$
610,929 

 

$
81,534 

 

$
101,715 

 

$
233,132 

 

$
30,893 

 

$
1,058,203 

Special Mention

 
62,932 

 

 
1,452 

 

 
22,576 

 

 
6,130 

 

 
141 

 

 
93,231 

Substandard

 
77,453 

 

 
944 

 

 
24,203 

 

 
11,329 

 

 
50 

 

 
113,979 

Doubtful

 
965 

 

 
58 

 

 

 -

 

 
4,467 

 

 

 -

 

 
5,490 

Total

$
752,279 

 

$
83,988 

 

$
148,494 

 

$
255,058 

 

$
31,084 

 

$
1,270,903 

 

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, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$
18,854 

 

$
850 

 

$
5,523 

 

$
10,985 

 

$
451 

 

$
36,663 

Loans charged-off

 
(683)

 

 
(126)

 

 
(655)

 

 
(3,514)

 

 
(405)

 

 
(5,383)

Recoveries

 
2,343 

 

 
146 

 

 

 -

 

 
595 

 

 
60 

 

 
3,144 

Provision for loan losses

 
(3,538)

 

 
(238)

 

 
418 

 

 
1,742 

 

 
275 

 

 
(1,341)

Balance at end of period

$
16,976 

 

$
632 

 

$
5,286 

 

$
9,808 

 

$
381 

 

$
33,083 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
3,598 

 

$

 -

 

$

 -

 

$
2,625 

 

$

 -

 

$
6,223 

Collectively evaluated for impairment

 
13,378 

 

 
632 

 

 
5,286 

 

 
7,183 

 

 
381 

 

 
26,860 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$
16,976 

 

$
632 

 

$
5,286 

 

$
9,808 

 

$
381 

 

$
33,083 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
42,588 

 

$
387 

 

$
82 

 

$
8,873 

 

$
119 

 

$
52,049 

Collectively evaluated for impairment

 
720,559 

 

 
77,284 

 

 
175,132 

 

 
291,242 

 

 
27,514 

 

 
1,291,731 

Acquired with deteriorated credit quality

 
5,874 

 

 
1,871 

 

 
126 

 

 
48 

 

 
1 

 

 
7,920 

Total ending loans balance

$
769,021 

 

$
79,542 

 

$
175,340 

 

$
300,163 

 

$
27,634 

 

$
1,351,700 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

1-4 Family

 

Real Estate

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Real Estate

 

Residential

 

Construction

 

Commercial

 

Other

 

Total

At June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$
27,223 

 

$
861 

 

$
5,271 

 

$
12,604 

 

$
759 

 

$
46,718 

Loans charged-off

 
(509)

 

 
(577)

 

 
(131)

 

 
(5,335)

 

 
(171)

 

 
(6,723)

Recoveries

 
86 

 

 
47 

 

 
39 

 

 
499 

 

 
64 

 

 
735 

Provision for loan losses

 
(5,685)

 

 
731 

 

 
1,650 

 

 
2,989 

 

 
(63)

 

 
(378)

Balance at end of period

$
21,115 

 

$
1,062 

 

$
6,829 

 

$
10,757 

 

$
589 

 

$
40,352 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
4,076 

 

 

 -

 

 

 -

 

 
3,840 

 

 
59 

 

 
7,975 

Collectively evaluated for impairment

 
17,019 

 

 
1,000 

 

 
6,829 

 

 
6,917 

 

 
530 

 

 
32,295 

Acquired with deteriorated credit quality

 
20 

 

 
62 

 

 

 -

 

 

 -

 

 

 -

 

 
82 

Total ending allowance balance

$
21,115 

 

$
1,062 

 

$
6,829 

 

$
10,757 

 

$
589 

 

$
40,352 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
46,321 

 

 
418 

 

 
5,989 

 

 
12,574 

 

 
63 

 

 
65,365 

Collectively evaluated for impairment

 
740,365 

 

 
77,027 

 

 
158,159 

 

 
223,093 

 

 
32,434 

 

 
1,231,078 

Acquired with deteriorated credit quality

 
15,452 

 

 
4,253 

 

 
320 

 

 
1,554 

 

 
67 

 

 
21,646 

Total ending loans balance

$
802,138 

 

$
81,698 

 

$
164,468 

 

$
237,221 

 

$
32,564 

 

$
1,318,089