XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
Loans And Allowance For Loan Losses [Abstract]  
Southwest's Loan Classifications



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At June 30, 2017

 

At December 31, 2016

Real estate mortgage:

 

 

 

 

 

Commercial

$

 961,085 

 

$

 882,071 

One-to-four family residential

 

 241,140 

 

 

 199,123 

Real estate construction:

 

 

 

 

 

Commercial

 

 182,620 

 

 

 199,113 

One-to-four family residential

 

 14,523 

 

 

 20,946 

Commercial

 

 554,094 

 

 

 556,248 

Installment and consumer

 

 18,172 

 

 

 19,631 



 

 1,971,634 

 

 

 1,877,132 

Less: Allowance for loan losses

 

 (27,318)

 

 

 (27,546)

Total loans, net

 

 1,944,316 

 

 

 1,849,586 

Less: Loans held for sale (included above)

 

 (6,036)

 

 

 (4,386)

Net loans receivable

$

 1,938,280 

 

$

 1,845,200 



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



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the three months ended June 30,



2017

 

 

2016



 

 

 

Carrying

 

 

 

 

Carrying



Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$

 487 

 

$

 3,817 

 

$

 742 

 

$

 7,288 

Payments received

 

 -

 

 

 (572)

 

 

 -

 

 

 (286)

Net charge-offs

 

 (2)

 

 

 (623)

 

 

 (11)

 

 

 (196)

Accretion

 

 (9)

 

 

 896 

 

 

 (48)

 

 

 -

Balance at end of period

$

 476 

 

$

 3,518 

 

$

 683 

 

$

 6,806 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30,



2017

 

2016



 

 

 

Carrying

 

 

 

 

Carrying



Accretable

 

amount

 

Accretable

 

amount

(Dollars in thousands)

Yield

 

of loans

 

Yield

 

of loans

Balance at beginning of period

$

 630 

 

$

 4,632 

 

$

 807 

 

$

 7,914 

Payments received

 

 -

 

 

 (1,387)

 

 

 -

 

 

 (790)

Net charge-offs

 

 (2)

 

 

 (623)

 

 

 (11)

 

 

 (318)

Accretion

 

 (152)

 

 

 896 

 

 

 (113)

 

 

 -

Balance at end of period

$

 476 

 

$

 3,518 

 

$

 683 

 

$

 6,806 



Recorded Investment In Loans On Nonaccrual Status



 

 

 

 

 



 

 

 

 

 



 

 

 

 

 

(Dollars in thousands)

At June 30, 2017

 

At December 31, 2016

Real estate mortgage:

 

 

 

 

 

Commercial

$

 6,694 

 

$

 6,471 

One-to-four family residential

 

 2,752 

 

 

 2,766 

Real estate construction:

 

 

 

 

 

Commercial

 

 132 

 

 

 522 

One-to-four family residential

 

 447 

 

 

 448 

Commercial

 

 12,883 

 

 

 5,949 

Other consumer

 

 21 

 

 

 111 

Total nonaccrual loans

$

 22,929 

 

$

 16,267 



Age Analysis Of Past Due Loans



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

90 days +

 

 

 

 

 

 

 

 

 

 

Recorded loans



30-89 days

 

past due and

 

Total past

 

 

 

 

Total

 

> 90 days and

(Dollars in thousands)

past due

 

nonaccrual

 

due

 

Current

 

loans

 

accruing

At June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 285 

 

$

 6,694 

 

$

 6,979 

 

$

 954,106 

 

$

 961,085 

 

$

 -

One-to-four family residential

 

 1,192 

 

 

 2,797 

 

 

 3,989 

 

 

 237,151 

 

 

 241,140 

 

 

 45 

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 -

 

 

 132 

 

 

 132 

 

 

 182,488 

 

 

 182,620 

 

 

 -

One-to-four family residential

 

 -

 

 

 447 

 

 

 447 

 

 

 14,076 

 

 

 14,523 

 

 

 -

Commercial

 

 498 

 

 

 12,884 

 

 

 13,382 

 

 

 540,712 

 

 

 554,094 

 

 

 1 

Other

 

 134 

 

 

 106 

 

 

 240 

 

 

 17,932 

 

 

 18,172 

 

 

 85 

Total

$

 2,109 

 

$

 23,060 

 

$

 25,169 

 

$

 1,946,465 

 

$

 1,971,634 

 

$

 131 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 24 

 

$

 6,472 

 

$

 6,496 

 

$

 875,575 

 

$

 882,071 

 

$

 -

One-to-four family residential

 

 631 

 

 

 2,903 

 

 

 3,534 

 

 

 195,589 

 

 

 199,123 

 

 

 138 

Real estate construction:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 -

 

 

 522 

 

 

 522 

 

 

 198,591 

 

 

 199,113 

 

 

 -

One-to-four family residential

 

 -

 

 

 448 

 

 

 448 

 

 

 20,498 

 

 

 20,946 

 

 

 -

Commercial

 

 2,530 

 

 

 6,142 

 

 

 8,672 

 

 

 547,576 

 

 

 556,248 

 

 

 193 

Other

 

 359 

 

 

 123 

 

 

 482 

 

 

 19,149 

 

 

 19,631 

 

 

 12 

Total

$

 3,544 

 

$

 16,610 

 

$

 20,154 

 

$

 1,856,978 

 

$

 1,877,132 

 

$

 343 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

 7,789 

 

$

 8,473 

 

$

 -

 

$

 -

 

$

 -

One-to-four family residential

 

 2,769 

 

 

 3,162 

 

 

 -

 

 

 -

 

 

 -

Real estate construction

 

 579 

 

 

 781 

 

 

 -

 

 

 -

 

 

 -

Commercial

 

 477 

 

 

 1,450 

 

 

 12,408 

 

 

 16,034 

 

 

 2,461 

Other

 

 21 

 

 

 26 

 

 

 -

 

 

 -

 

 

 -

Total

$

 11,635 

 

$

 13,892 

 

$

 12,408 

 

$

 16,034 

 

$

 2,461 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate

$

 1,536 

 

$

 3,057 

 

$

 6,053 

 

$

 6,529 

 

$

 2,219 

One-to-four family residential

 

 1,188 

 

 

 1,535 

 

 

 1,593 

 

 

 1,698 

 

 

 63 

Real estate construction

 

 762 

 

 

 926 

 

 

 207 

 

 

 245 

 

 

 40 

Commercial

 

 1,032 

 

 

 2,861 

 

 

 4,963 

 

 

 7,480 

 

 

 1,346 

Other

 

 111 

 

 

 115 

 

 

 -

 

 

 -

 

 

 -

Total

$

 4,629 

 

$

 8,494 

 

$

 12,816 

 

$

 15,952 

 

$

 3,668 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Average Recorded Investment And Interest Income Recognized On Impaired Loans



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



As of and for the six months ended June 30,

 



2017

 

2016

 



Average

 

 

 

 

Average

 

 

 

 



Recorded

 

Interest

 

Recorded

 

Interest

 

(Dollars in thousands)

Investment

 

Income

 

Investment

 

Income

 

Commercial real estate

$

 3,430 

 

$

 97 

 

$

 17,365 

 

$

 871 

 

One-to-four family residential

 

 3,183 

 

 

 34 

 

 

 3,627 

 

 

 12 

 

Real estate construction

 

 651 

 

 

 -

 

 

 1,408 

 

 

 -

 

Commercial

 

 9,342 

 

 

 94 

 

 

 13,274 

 

 

 32 

 

Other

 

 26 

 

 

 -

 

 

 77 

 

 

 -

 

Total

$

 16,632 

 

$

 225 

 

$

 35,751 

 

$

 915 

 



Troubled Debt Restructured Loans Outstanding



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



At June 30, 2017

 

At December 31, 2016

(Dollars in thousands)

Accruing

 

Nonaccrual

 

Accruing

 

Nonaccrual

Commercial real estate

$

 1,095 

 

$

 107 

 

$

 1,118 

 

$

 475 

One-to-four family residential

 

 17 

 

 

 -

 

 

 15 

 

 

 46 

Commercial

 

 2 

 

 

 7,335 

 

 

 45 

 

 

 3,323 

Total

$

 1,114 

 

$

 7,442 

 

$

 1,178 

 

$

 3,844 



Loans Modified As Troubled Debt Restructurings

 

 







 

 

 

 

 

 

 

 

 

 

 



For the three months ended June 30,



2017

 

2016



Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial

 

 3 

 

$

 4,174 

 

 

 -

 

$

 -

Total

 

 3 

 

$

 4,174 

 

 

 -

 

$

 -



 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30,



2017

 

2016



Number of

 

Recorded

 

Number of

 

Recorded

(Dollars in thousands)

Modifications

 

Investment

 

Modifications

 

Investment

Commercial

 

 3 

 

$

 4,174 

 

 

 1 

 

$

 26 

Total

 

 3 

 

$

 4,174 

 

 

 1 

 

$

 26 



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, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

 919,620 

 

$

 235,040 

 

$

 185,916 

 

$

 502,838 

 

$

 18,151 

 

$

 1,861,565 

Special Mention

 

 25,711 

 

 

 2,154 

 

 

 10,059 

 

 

 20,522 

 

 

 -

 

 

 58,446 

Substandard

 

 15,754 

 

 

 3,946 

 

 

 1,168 

 

 

 29,730 

 

 

 21 

 

 

 50,619 

Doubtful

 

 -

 

 

 -

 

 

 -

 

 

 1,004 

 

 

 -

 

 

 1,004 

Total

$

 961,085 

 

$

 241,140 

 

$

 197,143 

 

$

 554,094 

 

$

 18,172 

 

$

 1,971,634 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

 857,290 

 

$

 192,395 

 

$

 210,780 

 

$

 498,039 

 

$

 19,518 

 

$

 1,778,022 

Special Mention

 

 4,479 

 

 

 1,983 

 

 

 7,720 

 

 

 24,639 

 

 

 -

 

 

 38,821 

Substandard

 

 20,302 

 

 

 4,745 

 

 

 1,559 

 

 

 33,175 

 

 

 113 

 

 

 59,894 

Doubtful

 

 -

 

 

 -

 

 

 -

 

 

 395 

 

 

 -

 

 

 395 

Total

$

 882,071 

 

$

 199,123 

 

$

 220,059 

 

$

 556,248 

 

$

 19,631 

 

$

 1,877,132 



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, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 12,507 

 

$

 1,163 

 

$

 3,502 

 

$

 10,058 

 

$

 316 

 

$

 27,546 

Loans charged-off

 

 (2,029)

 

 

 (3)

 

 

 -

 

 

 (2,165)

 

 

 (201)

 

 

 (4,398)

Recoveries

 

 216 

 

 

 75 

 

 

 5 

 

 

 317 

 

 

 52 

 

 

 665 

Provision for loan losses

 

 1,632 

 

 

 136 

 

 

 (566)

 

 

 2,193 

 

 

 110 

 

 

 3,505 

Balance at end of period

$

 12,326 

 

$

 1,371 

 

$

 2,941 

 

$

 10,403 

 

$

 277 

 

$

 27,318 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 -

 

$

 -

 

$

 -

 

$

 2,461 

 

$

 -

 

$

 2,461 

Collectively evaluated for impairment

 

 12,326 

 

 

 1,371 

 

 

 2,941 

 

 

 7,942 

 

 

 277 

 

 

 24,857 

Acquired with deteriorated credit quality

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Total ending allowance balance

$

 12,326 

 

$

 1,371 

 

$

 2,941 

 

$

 10,403 

 

$

 277 

 

$

 27,318 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 7,011 

 

$

 1,871 

 

$

 -

 

$

 12,408 

 

$

 -

 

$

 21,290 

Collectively evaluated for impairment

 

 952,524 

 

 

 238,120 

 

 

 196,514 

 

 

 541,496 

 

 

 18,172 

 

 

 1,946,826 

Acquired with deteriorated credit quality

 

 1,550 

 

 

 1,149 

 

 

 629 

 

 

 190 

 

 

 -

 

 

 3,518 

Total ending loans balance

$

 961,085 

 

$

 241,140 

 

$

 197,143 

 

$

 554,094 

 

$

 18,172 

 

$

 1,971,634 







Commercial

 

1-4 Family

 

Real Estate

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Real Estate

 

Residential

 

Construction

 

Commercial

 

Other

 

Total

At June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of fiscal year

$

 12,716 

 

$

 700 

 

$

 2,533 

 

$

 9,965 

 

$

 192 

 

$

 26,106 

Loans charged-off

 

 (3)

 

 

 (83)

 

 

 -

 

 

 (3,801)

 

 

 (376)

 

 

 (4,263)

Recoveries

 

 234 

 

 

 54 

 

 

 -

 

 

 311 

 

 

 49 

 

 

 648 

Provision for loan losses

 

 (2,234)

 

 

 362 

 

 

 647 

 

 

 5,194 

 

 

 416 

 

 

 4,385 

Balance at end of period

$

 10,713 

 

$

 1,033 

 

$

 3,180 

 

$

 11,669 

 

$

 281 

 

$

 26,876 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses ending balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 281 

 

$

 116 

 

$

 -

 

$

 2,915 

 

$

 -

 

$

 3,312 

Collectively evaluated for impairment

 

 9,961 

 

 

 917 

 

 

 3,140 

 

 

 8,754 

 

 

 281 

 

 

 23,053 

Acquired with deteriorated credit quality

 

 471 

 

 

 -

 

 

 40 

 

 

 -

 

 

 -

 

 

 511 

Total ending allowance balance

$

 10,713 

 

$

 1,033 

 

$

 3,180 

 

$

 11,669 

 

$

 281 

 

$

 26,876 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans receivable ending balance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 13,192 

 

$

 2,187 

 

$

 754 

 

$

 13,880 

 

$

 38 

 

$

 30,051 

Collectively evaluated for impairment

 

 844,739 

 

 

 180,213 

 

 

 194,646 

 

 

 544,221 

 

 

 20,702 

 

 

 1,784,521 

Acquired with deteriorated credit quality

 

 4,356 

 

 

 1,293 

 

 

 752 

 

 

 371 

 

 

 33 

 

 

 6,805 

Total ending loans balance

$

 862,287 

 

$

 183,693 

 

$

 196,152 

 

$

 558,472 

 

$

 20,773 

 

$

 1,821,377