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Loans And Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2014
Loans And Allowance For Loan Losses [Abstract]  
Southwest's Loan Classifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At September 30, 2014

 

At December 31, 2013

Real estate mortgage:

 

 

 

 

 

Commercial

$
757,878 

 

$
752,279 

One-to-four family residential

 
78,985 

 

 
83,988 

Real estate construction:

 

 

 

 

 

Commercial

 
166,379 

 

 
143,848 

One-to-four family residential

 
11,030 

 

 
4,646 

Commercial

 
330,738 

 

 
255,058 

Installment and consumer:

 

 

 

 

 

Guaranteed student loans

 
127 

 

 
4,394 

Other

 
22,251 

 

 
26,690 

 

 
1,367,388 

 

 
1,270,903 

Less: Allowance for loan losses

 
(30,917)

 

 
(36,663)

Total loans, net

$
1,336,471 

 

$
1,234,240 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

2014

 

 

2013

 

 

 

 

Carrying

 

 

 

 

Carrying

 

Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$
860 

 

$
7,920 

 

$
1,580 

 

$
21,646 

Payments received

 

 -

 

 
(1,301)

 

 

 -

 

 
(2,697)

Net charge-offs

 

 -

 

 

 -

 

 

 -

 

 

 -

Accretion

 
(68)

 

 

 -

 

 
(137)

 

 
31 

Balance at end of period

$
792 

 

$
6,619 

 

$
1,443 

 

$
18,980 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 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

 

 -

 

 
(9,401)

 

 

 -

 

 
(6,527)

Transfers to other real estate / repossessed assets

 

 -

 

 

 -

 

 
(33)

 

 
(375)

Net charge-offs

 
(9)

 

 
(407)

 

 
(1)

 

 
(70)

Accretion

 
(796)

 

 

 -

 

 
(427)

 

 
245 

Balance at end of period

$
792 

 

$
6,619 

 

$
1,443 

 

$
18,980 

 

 

Recorded Investment In Loans On Nonaccrual Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At September 30, 2014

 

At December 31, 2013

Real estate mortgage:

 

 

 

 

 

Commercial

$
7,504 

 

$
7,766 

One-to-four family residential

 
1,274 

 

 
513 

Real estate construction:

 

 

 

 

 

Commercial

 
77 

 

 
2,721 

Commercial

 
6,149 

 

 
8,769 

Other consumer

 
55 

 

 
50 

Total nonaccrual loans

$
15,059 

 

$
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 September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
3,758 

 

$
7,504 

 

$
11,262 

 

$
746,616 

 

$
757,878 

 

$

 -

One-to-four family residential

 
18 

 

 
1,274 

 

 
1,292 

 

 
77,693 

 

 
78,985 

 

 

 -

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 -

 

 
77 

 

 
77 

 

 
166,302 

 

 
166,379 

 

 

 -

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 
11,030 

 

 
11,030 

 

 

 -

Commercial

 
356 

 

 
6,149 

 

 
6,505 

 

 
324,233 

 

 
330,738 

 

 

 -

Other

 
109 

 

 
55 

 

 
164 

 

 
22,214 

 

 
22,378 

 

 

 -

Total

$
4,241 

 

$
15,059 

 

$
19,300 

 

$
1,348,088 

 

 
1,367,388 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$
13,970 

 

$
17,510 

 

$
13,782 

 

$
13,910 

 

$
3,234 

One-to-four family residential

 
1,289 

 

 
1,987 

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 
77 

 

 
106 

 

 

 -

 

 

 -

 

 

 -

Commercial

 
2,844 

 

 
3,548 

 

 
4,494 

 

 
10,607 

 

 
2,063 

Other

 
54 

 

 
56 

 

 

 -

 

 

 -

 

 

 -

Total

$
18,234 

 

$
23,207 

 

$
18,276 

 

$
24,517 

 

$
5,297 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 nine months ended September 30,

 

 

2014

 

2013

 

 

Average

 

 

 

 

Average

 

 

 

 

 

Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$
33,304 

 

$
724 

 

$
62,407 

 

$
1,528 

 

One-to-four family residential

 
3,106 

 

 
1 

 

 
4,757 

 

 
1 

 

Real estate construction

 
234 

 

 

 -

 

 
5,706 

 

 

 -

 

Commercial

 
8,760 

 

 
58 

 

 
13,939 

 

 
74 

 

Other

 
39 

 

 

 -

 

 
142 

 

 

 -

 

Total

$
45,442 

 

$
783 

 

$
86,951 

 

$
1,603 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Troubled Debt Restructured Loans Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30, 2014

 

At December 31, 2013

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$
20,248 

 

$
3,747 

 

$
44,442 

 

$
4,456 

One-to-four family residential

 
15 

 

 
70 

 

 
18 

 

 
162 

Commercial

 
1,190 

 

 
603 

 

 
1,527 

 

 
648 

Consumer

 

 -

 

 

 -

 

 

 -

 

 
46 

Total

$
21,453 

 

$
4,420 

 

$
45,987 

 

$
5,312 

 

Loans Modified As Troubled Debt Restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 
1 

 

$
26 

 

 

 -

 

$

 -

Commercial

 
3 

 

 
434 

 

 

 -

 

 

 -

Total

 
4 

 

$
460 

 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 
1 

 

$
26 

 

 
7 

 

$
2,881 

Commercial

 
4 

 

 
448 

 

 
5 

 

 
1,820 

Total

 
5 

 

$
474 

 

 
12 

 

$
4,701 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial

 
1 

 

$
18 

 

 

 -

 

$

 -

Total

 
1 

 

$
18 

 

 

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30,

 

2014

 

2013

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial real estate

 

 -

 

$

 -

 

 
1 

 

$
535 

Commercial

 
1 

 

 
18 

 

 
1 

 

 
1,033 

Total

 
1 

 

$
18 

 

 
2 

 

$
1,568 

 

 

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, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$
672,510 

 

$
77,058 

 

$
157,838 

 

$
317,458 

 

$
22,194 

 

$
1,247,058 

Special Mention

 
37,653 

 

 
93 

 

 
233 

 

 
3,115 

 

 
130 

 

 
41,224 

Substandard

 
47,390 

 

 
1,800 

 

 
19,338 

 

 
4,998 

 

 
54 

 

 
73,580 

Doubtful

 
325 

 

 
34 

 

 

 -

 

 
5,167 

 

 

 -

 

 
5,526 

Total

$
757,878 

 

$
78,985 

 

$
177,409 

 

$
330,738 

 

$
22,378 

 

$
1,367,388 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$
18,854 

 

$
850 

 

$
5,523 

 

$
10,985 

 

$
451 

 

$
36,663 

Loans charged-off

 
(1,400)

 

 
(187)

 

 
(655)

 

 
(3,857)

 

 
(441)

 

 
(6,540)

Recoveries

 
3,700 

 

 
195 

 

 

 -

 

 
917 

 

 
220 

 

 
5,032 

Provision for loan losses

 
(5,519)

 

 
(174)

 

 
(697)

 

 
2,102 

 

 
50 

 

 
(4,238)

Balance at end of period

$
15,635 

 

$
684 

 

$
4,171 

 

$
10,147 

 

$
280 

 

$
30,917 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
3,234 

 

$

 -

 

$

 -

 

$
2,063 

 

$

 -

 

$
5,297 

Collectively evaluated for impairment

 
12,401 

 

 
684 

 

 
4,171 

 

 
8,084 

 

 
280 

 

 
25,620 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$
15,635 

 

$
684 

 

$
4,171 

 

$
10,147 

 

$
280 

 

$
30,917 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
25,932 

 

$
598 

 

$
77 

 

$
7,338 

 

$
54 

 

$
33,999 

Collectively evaluated for impairment

 
726,991 

 

 
76,877 

 

 
177,217 

 

 
323,362 

 

 
22,323 

 

 
1,326,770 

Acquired with deteriorated credit quality

 
4,955 

 

 
1,510 

 

 
115 

 

 
38 

 

 
1 

 

 
6,619 

Total ending loans balance

$
757,878 

 

$
78,985 

 

$
177,409 

 

$
330,738 

 

$
22,378 

 

$
1,367,388 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

1-4 Family

 

Real Estate

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Real Estate

 

Residential

 

Construction

 

Commercial

 

Other

 

Total

At September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$
27,223 

 

$
861 

 

$
5,271 

 

$
12,604 

 

$
759 

 

$
46,718 

Loans charged-off

 
(806)

 

 
(577)

 

 
(131)

 

 
(5,583)

 

 
(226)

 

 
(7,323)

Recoveries

 
109 

 

 
212 

 

 
59 

 

 
916 

 

 
97 

 

 
1,393 

Provision for loan losses

 
(6,770)

 

 
411 

 

 
2,236 

 

 
3,536 

 

 
(120)

 

 
(707)

Balance at end of period

$
19,756 

 

$
907 

 

$
7,435 

 

$
11,473 

 

$
510 

 

$
40,081 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
4,343 

 

 

 -

 

 

 -

 

 
4,295 

 

 
49 

 

 
8,687 

Collectively evaluated for impairment

 
15,403 

 

 
849 

 

 
7,435 

 

 
7,178 

 

 
461 

 

 
31,326 

Acquired with deteriorated credit quality

 
10 

 

 
58 

 

 

 -

 

 

 -

 

 

 -

 

 
68 

Total ending allowance balance

$
19,756 

 

$
907 

 

$
7,435 

 

$
11,473 

 

$
510 

 

$
40,081 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
45,920 

 

 
396 

 

 
5,659 

 

 
12,663 

 

 
54 

 

 
64,692 

Collectively evaluated for impairment

 
697,938 

 

 
80,165 

 

 
161,800 

 

 
250,935 

 

 
32,115 

 

 
1,222,953 

Acquired with deteriorated credit quality

 
13,578 

 

 
4,084 

 

 
311 

 

 
967 

 

 
40 

 

 
18,980 

Total ending loans balance

$
757,436 

 

$
84,645 

 

$
167,770 

 

$
264,565 

 

$
32,209 

 

$
1,306,625