XML 59 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2015
Loans And Allowance For Loan Losses [Abstract]  
Southwest's Loan Classifications

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At June 30, 2015

 

At December 31, 2014

Real estate mortgage:

 

 

 

 

 

Commercial

$
759,406 

 

$
752,971 

One-to-four family residential

 
85,338 

 

 
77,531 

Real estate construction:

 

 

 

 

 

Commercial

 
186,140 

 

 
186,659 

One-to-four family residential

 
13,107 

 

 
10,464 

Commercial

 
384,788 

 

 
350,410 

Installment and consumer:

 

 

 

 

 

Guaranteed student loans

 

 -

 

 
37 

Other

 
20,651 

 

 
21,919 

 

 
1,449,430 

 

 
1,399,991 

Less: Allowance for loan losses

 
(26,219)

 

 
(28,452)

Total loans, net

 
1,423,211 

 

 
1,371,539 

Less: Loans held for sale (included above)

 
(6,687)

 

 
(1,485)

Net loans receivable

$
1,416,524 

 

$
1,370,054 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2015

 

 

2014

 

 

 

 

Carrying

 

 

 

 

Carrying

 

Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$
419 

 

$
4,310 

 

$
1,503 

 

$
15,053 

Payments received

 

 -

 

 
(208)

 

 

 -

 

 
(6,766)

Net charge-offs

 

 -

 

 

 -

 

 
(5)

 

 
(367)

Net reclassifications to / from nonaccretable amount

 
240 

 

 

 -

 

 

 -

 

 

 -

Accretion

 
(198)

 

 
442 

 

 
(638)

 

 

 -

Balance at end of period

$
461 

 

$
4,544 

 

$
860 

 

$
7,920 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2015

 

2014

 

 

 

 

Carrying

 

 

 

 

Carrying

 

Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$
540 

 

$
4,971 

 

$
1,597 

 

$
16,427 

Payments received

 

 -

 

 
(869)

 

 

 -

 

 
(8,099)

Net charge-offs

 

 -

 

 

 -

 

 
(9)

 

 
(408)

Net reclassifications to / from nonaccretable amount

 
240 

 

 

 -

 

 

 -

 

 

 -

Accretion

 
(319)

 

 
442 

 

 
(728)

 

 

 -

Balance at end of period

$
461 

 

$
4,544 

 

$
860 

 

$
7,920 

 

 

Recorded Investment In Loans On Nonaccrual Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

At June 30, 2015

 

At December 31, 2014

Real estate mortgage:

 

 

 

 

 

Commercial

$
2,141 

 

$
2,195 

One-to-four family residential

 
1,216 

 

 
1,100 

Real estate construction:

 

 

 

 

 

Commercial

 
416 

 

 
73 

Commercial

 
5,114 

 

 
5,907 

Other consumer

 

 -

 

 
1 

Total nonaccrual loans

$
8,887 

 

$
9,276 

 

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, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
567 

 

$
2,141 

 

$
2,708 

 

$
756,698 

 

$
759,406 

 

$

 -

One-to-four family residential

 
121 

 

 
1,216 

 

 
1,337 

 

 
84,001 

 

 
85,338 

 

 

 -

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 -

 

 
416 

 

 
416 

 

 
185,724 

 

 
186,140 

 

 

 -

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 
13,107 

 

 
13,107 

 

 

 -

Commercial

 
241 

 

 
5,114 

 

 
5,355 

 

 
379,433 

 

 
384,788 

 

 

 -

Other

 
88 

 

 

 -

 

 
88 

 

 
20,563 

 

 
20,651 

 

 

 -

Total

$
1,017 

 

$
8,887 

 

$
9,904 

 

$
1,439,526 

 

 
1,449,430 

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
4,053 

 

$
2,195 

 

$
6,248 

 

$
746,723 

 

$
752,971 

 

$

 -

One-to-four family residential

 
122 

 

 
1,100 

 

 
1,222 

 

 
76,309 

 

 
77,531 

 

 

 -

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 
2,177 

 

 
73 

 

 
2,250 

 

 
184,409 

 

 
186,659 

 

 

 -

One-to-four family residential

 

 -

 

 

 -

 

 

 -

 

 
10,464 

 

 
10,464 

 

 

 -

Commercial

 
1,159 

 

 
6,044 

 

 
7,203 

 

 
343,207 

 

 
350,410 

 

 
137 

Other

 
162 

 

 
1 

 

 
163 

 

 
21,793 

 

 
21,956 

 

 

 -

Total

$
7,673 

 

$
9,413 

 

$
17,086 

 

$
1,382,905 

 

 
1,399,991 

 

$
137 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$
10,684 

 

$
12,940 

 

$
11,317 

 

$
11,317 

 

$
1,875 

One-to-four family residential

 
1,229 

 

 
1,792 

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 
416 

 

 
416 

 

 

 -

 

 

 -

 

 

 -

Commercial

 
2,146 

 

 
2,571 

 

 
3,739 

 

 
9,852 

 

 
1,660 

Other

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total

$
14,475 

 

$
17,719 

 

$
15,056 

 

$
21,169 

 

$
3,535 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$
12,382 

 

$
14,752 

 

$
11,497 

 

$
11,556 

 

$
2,047 

One-to-four family residential

 
1,115 

 

 
1,833 

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 
73 

 

 
104 

 

 

 -

 

 

 -

 

 

 -

Commercial

 
2,624 

 

 
2,887 

 

 
4,315 

 

 
10,673 

 

 
1,822 

Other

 
1 

 

 
2 

 

 

 -

 

 

 -

 

 

 -

Total

$
16,195 

 

$
19,578 

 

$
15,812 

 

 
22,229 

 

$
3,869 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Recorded Investment And Interest Income Recognized On Impaired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the six months ended June 30,

 

 

2015

 

2014

 

 

Average

 

 

 

 

Average

 

 

 

 

 

Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$
23,862 

 

$
473 

 

$
43,104 

 

$
663 

 

One-to-four family residential

 
1,777 

 

 
1 

 

 
3,649 

 

 
1 

 

Real estate construction

 
376 

 

 

 -

 

 
251 

 

 

 -

 

Commercial

 
6,080 

 

 
20 

 

 
9,693 

 

 
42 

 

Other

 
1 

 

 

 -

 

 
69 

 

 

 -

 

Total

$
32,096 

 

$
494 

 

$
56,766 

 

$
706 

 

 

Troubled Debt Restructured Loans Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At June 30, 2015

 

At December 31, 2014

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$
19,861 

 

$
967 

 

$
21,685 

 

$
1,082 

One-to-four family residential

 
13 

 

 
54 

 

 
14 

 

 
62 

Commercial

 
771 

 

 
340 

 

 
1,032 

 

 
655 

Total

$
20,645 

 

$
1,361 

 

$
22,731 

 

$
1,799 

 

Loans Modified As Troubled Debt Restructurings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2015

 

2014

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial

 

 -

 

$

 -

 

 
2 

 

$
9,684 

Total

 

 -

 

$

 -

 

 
2 

 

$
9,684 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2015

 

2014

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial real estate

 

 -

 

$

 -

 

 
2 

 

$
9,684 

Commercial

 

 -

 

 

 -

 

 
3 

 

 
229 

Total

 

 -

 

$

 -

 

 
5 

 

$
9,913 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30,

 

2015

 

2014

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial

 

 -

 

$

 -

 

 
1 

 

$
205 

Total

 

 -

 

$

 -

 

 
1 

 

$
205 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30,

 

2015

 

2014

 

Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Contracts

 

Investment

 

Contracts

 

Investment

Commercial

 

 -

 

$

 -

 

 
1 

 

$
205 

Total

 

 -

 

$

 -

 

 
1 

 

$
205 

 

 

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, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$
707,216 

 

$
84,016 

 

$
198,607 

 

$
353,823 

 

$
20,521 

 

$
1,364,183 

Special Mention

 
30,073 

 

 
22 

 

 
221 

 

 
11,430 

 

 
130 

 

 
41,876 

Substandard

 
22,117 

 

 
1,300 

 

 
419 

 

 
14,854 

 

 

 -

 

 
38,690 

Doubtful

 

 -

 

 

 -

 

 

 -

 

 
4,681 

 

 

 -

 

 
4,681 

Total

$
759,406 

 

$
85,338 

 

$
199,247 

 

$
384,788 

 

$
20,651 

 

$
1,449,430 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$
690,791 

 

$
76,322 

 

$
194,670 

 

$
331,594 

 

$
21,849 

 

$
1,315,226 

Special Mention

 
34,287 

 

 
22 

 

 
420 

 

 
7,144 

 

 
106 

 

 
41,979 

Substandard

 
27,594 

 

 
1,154 

 

 
2,033 

 

 
6,725 

 

 
1 

 

 
37,507 

Doubtful

 
299 

 

 
33 

 

 

 -

 

 
4,947 

 

 

 -

 

 
5,279 

Total

$
752,971 

 

$
77,531 

 

$
197,123 

 

$
350,410 

 

$
21,956 

 

$
1,399,991 

 

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, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$
13,678 

 

$
712 

 

$
4,159 

 

$
9,614 

 

$
289 

 

$
28,452 

Loans charged-off

 
(116)

 

 
(20)

 

 
(21)

 

 
(343)

 

 
(56)

 

 
(556)

Recoveries

 
151 

 

 
443 

 

 
31 

 

 
583 

 

 
138 

 

 
1,346 

Provision for loan losses

 
(448)

 

 
(557)

 

 
(509)

 

 
(1,313)

 

 
(196)

 

 
(3,023)

Balance at end of period

$
13,265 

 

$
578 

 

$
3,660 

 

$
8,541 

 

$
175 

 

$
26,219 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
1,875 

 

$

 -

 

$

 -

 

$
1,660 

 

$

 -

 

$
3,535 

Collectively evaluated for impairment

 
11,390 

 

 
578 

 

 
3,660 

 

 
6,881 

 

 
175 

 

 
22,684 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$
13,265 

 

$
578 

 

$
3,660 

 

$
8,541 

 

$
175 

 

$
26,219 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
20,886 

 

$
404 

 

$
416 

 

$
5,885 

 

$

 -

 

$
27,591 

Collectively evaluated for impairment

 
735,587 

 

 
83,438 

 

 
198,738 

 

 
378,881 

 

 
20,651 

 

 
1,417,295 

Acquired with deteriorated credit quality

 
2,933 

 

 
1,496 

 

 
93 

 

 
22 

 

 

 -

 

 
4,544 

Total ending loans balance

$
759,406 

 

$
85,338 

 

$
199,247 

 

$
384,788 

 

$
20,651 

 

$
1,449,430 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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