Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 06, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'SOUTHWEST BANCORP INC | ' | ' |
Entity Central Index Key | '0000914374 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Trading Symbol | 'oksb | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $247,600,000 |
Entity Common Stock, Shares Outstanding | ' | 19,786,206 | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Consolidated_Statements_Of_Fin
Consolidated Statements Of Financial Condition (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Cash and due from banks | $28,062 | $45,045 |
Interest-bearing deposits | 251,777 | 243,034 |
Cash and cash equivalents | 279,839 | 288,079 |
Securities held to maturity (fair values of $12,115 and $13,659, respectively) | 11,720 | 12,797 |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 382,479 | 364,315 |
Loans held for sale | 3,060 | 31,682 |
Noncovered loans receivable | 1,251,416 | 1,321,346 |
Less: Allowance for loan losses | -36,607 | -46,494 |
Net noncovered loans receivable | 1,214,809 | 1,274,852 |
Covered loans receivable (includes loss share: $1,812 and $6,714, respectively) | 16,427 | 25,707 |
Less: Allowance for loan losses | -56 | -224 |
Net covered loans receivable | 16,371 | 25,483 |
Net loans receivable | 1,231,180 | 1,300,335 |
Accrued interest receivable | 5,335 | 6,365 |
Income tax receivable | ' | 24,525 |
Premises and equipment, net | 20,833 | 21,691 |
Noncovered other real estate | 560 | 11,315 |
Covered other real estate | 2,094 | 3,643 |
Goodwill | 1,214 | 1,214 |
Other intangible assets, net | 4,980 | 4,864 |
Other assets | 38,129 | 51,430 |
Total assets | 1,981,423 | 2,122,255 |
Deposits: | ' | ' |
Noninterest-bearing demand | 444,796 | 424,008 |
Interest-bearing demand | 120,156 | 112,012 |
Money market accounts | 439,981 | 423,417 |
Savings accounts | 41,727 | 37,693 |
Time deposits of $100,000 or more | 251,185 | 351,273 |
Other time deposits | 286,241 | 361,175 |
Total deposits | 1,584,086 | 1,709,578 |
Accrued interest payable | 832 | 1,116 |
Income tax payable | 78 | ' |
Other liabilities | 10,215 | 13,180 |
Other borrowings | 80,632 | 70,362 |
Subordinated debentures | 46,393 | 81,963 |
Total liabilities | 1,722,236 | 1,876,199 |
Shareholders' equity: | ' | ' |
Common stock - $1 par value; 40,000,000 shares authorized; 19,732,926, 19,529,705, shares issued and outstanding, respectively | 19,733 | 19,530 |
Paid in capital | 99,937 | 99,705 |
Retained earnings | 142,528 | 125,093 |
Accumulated other comprehensive income (loss) | -3,011 | 1,728 |
Total shareholders' equity | 259,187 | 246,056 |
Total liabilities & shareholders' equity | $1,981,423 | $2,122,255 |
Consolidated_Statements_Of_Fin1
Consolidated Statements Of Financial Condition (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Statements Of Financial Condition [Abstract] | ' | ' |
Held to maturity securities, fair value | $12,115 | $13,659 |
Available for sale securities, amortized cost | 385,423 | 358,317 |
Covered loans receivable, loss share | $1,812 | $6,714 |
Common stock, par value | $1 | ' |
Common stock, shares authorized | 40,000,000 | ' |
Common stock, shares issued | 19,732,926 | 19,529,705 |
Common stock, shares outstanding | 19,732,926 | 19,529,705 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Interest income: | ' | ' | ' |
Interest and fees on loans | $66,162,000 | $84,602,000 | $113,223,000 |
Investment securities: | ' | ' | ' |
U.S. Government and agency obligations | 1,745,000 | 1,714,000 | 1,500,000 |
Mortgage-backed securities | 3,481,000 | 4,718,000 | 5,046,000 |
State and political subdivisions | 1,203,000 | 1,060,000 | 411,000 |
Other securities | 226,000 | 322,000 | 16,000 |
Other interest-earning assets | 1,097,000 | 755,000 | 549,000 |
Total interest income | 73,914,000 | 93,171,000 | 120,745,000 |
Interest expense: | ' | ' | ' |
Interest-bearing demand | 148,000 | 219,000 | 382,000 |
Money market accounts | 790,000 | 1,077,000 | 2,154,000 |
Savings accounts | 44,000 | 53,000 | 49,000 |
Time deposits of $100,000 or more | 2,338,000 | 4,302,000 | 7,617,000 |
Other time deposits | 2,239,000 | 4,052,000 | 6,591,000 |
Other borrowings | 892,000 | 895,000 | 1,799,000 |
Subordinated debentures | 4,813,000 | 6,010,000 | 5,821,000 |
Total interest expense | 11,264,000 | 16,608,000 | 24,413,000 |
Net interest income | 62,650,000 | 76,563,000 | 96,332,000 |
Provision for loan losses | -7,209,000 | 3,107,000 | 132,101,000 |
Net interest income after provision for loan losses | 69,859,000 | 73,456,000 | -35,769,000 |
Noninterest income: | ' | ' | ' |
Service charges and fees | 10,491,000 | 11,559,000 | 12,075,000 |
Gain on sales of loans, net | 2,649,000 | 3,133,000 | 1,658,000 |
Gain on sale/call of investment securities, net | ' | 837,000 | ' |
Other noninterest income | 503,000 | 407,000 | 285,000 |
Total noninterest income | 13,643,000 | 15,936,000 | 14,018,000 |
Noninterest expense: | ' | ' | ' |
Salaries and employee benefits | 31,877,000 | 29,919,000 | 29,880,000 |
Occupancy | 10,779,000 | 10,581,000 | 10,815,000 |
FDIC and other insurance | 1,764,000 | 2,531,000 | 3,862,000 |
Other real estate, net | -1,098,000 | 6,565,000 | 30,852,000 |
General and administrative | 11,989,000 | 13,726,000 | 14,792,000 |
Total noninterest expense | 55,311,000 | 63,322,000 | 90,201,000 |
Income (loss) before taxes | 28,191,000 | 26,070,000 | -111,952,000 |
Taxes on income | 10,756,000 | 9,883,000 | -43,657,000 |
Net income | 17,435,000 | 16,187,000 | -68,295,000 |
Net income available to common shareholders | $17,435,000 | $12,446,000 | ($72,548,000) |
Basic earnings per common share | $0.89 | $0.64 | ($3.73) |
Diluted earnings per common share | $0.89 | $0.64 | ($3.73) |
Common dividends declared per share | ' | ' | ' |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Consolidated Statements Of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $17,435 | $16,187 | ($68,295) |
Other comprehensive income: | ' | ' | ' |
Unrealized holding gain (loss) on available for sale securities | -8,942 | -133 | 4,659 |
Reclassification adjustment for net gains arising during the period | ' | -100 | ' |
Change in fair value of derivative used for cash flow hedge | 1,228 | -361 | -2,834 |
Other comprehensive loss, before tax | -7,714 | -594 | 1,825 |
Tax benefit (expense) related to items of other comprehensive income (loss) | 2,975 | 211 | -693 |
Other comprehensive loss, net of tax | -4,739 | -383 | 1,132 |
Comprehensive income | $12,696 | $15,804 | ($67,163) |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Operating activities: | ' | ' | ' |
Net income | $17,435,000 | $16,187,000 | ($68,295,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Provision for loan losses | -7,209,000 | 3,107,000 | 132,101,000 |
Adjustments to other real estate | 2,222,000 | 5,089,000 | ' |
Deferred tax expense | 10,220,000 | 8,939,000 | -20,463,000 |
Asset depreciation | 2,450,000 | 2,460,000 | 2,581,000 |
Securities premium amortization, net of discount accretion | 3,454,000 | 3,308,000 | 2,197,000 |
Amortization of intangibles | 1,315,000 | 1,609,000 | 1,374,000 |
Stock based compensation expense | 742,000 | 115,000 | 333,000 |
Net gain on sales/calls of investment securities | ' | -837,000 | ' |
Net gain on sales of available for sale loans | -2,649,000 | -3,133,000 | -1,658,000 |
Net gains on sales of premises/equipment | 195,000 | -2,000 | -20,000 |
Net gain on sales of other real estate | -3,897,000 | -301,000 | 23,357,000 |
Proceeds from sales of held for sale loans | 121,020,000 | 150,621,000 | 83,123,000 |
Held for sale loans originated for resale | -129,699,000 | -148,479,000 | -81,903,000 |
Net changes in assets and liabilities: | ' | ' | ' |
Accrued interest receivable | 1,030,000 | 811,000 | 1,414,000 |
Other assets | 5,969,000 | 1,847,000 | 3,777,000 |
Income taxes receivable / payable | 24,618,000 | 4,074,000 | -31,762,000 |
Excess Tax Benefit from Share-based Compensation, Operating Activities | 15,000 | -67,000 | -218,000 |
Accrued interest payable | -284,000 | -2,573,000 | 2,112,000 |
Other liabilities | -1,678,000 | 2,225,000 | -1,790,000 |
Net cash provided by operating activities | 45,239,000 | 45,134,000 | 46,696,000 |
Investing activities: | ' | ' | ' |
Proceeds from sales of available for sale securities | 2,744,000 | 6,588,000 | ' |
Held to maturity securities | 5,000,000 | 2,375,000 | 2,470,000 |
Available for sale securities | 108,498,000 | 88,109,000 | 68,709,000 |
Proceeds from sales of other investments | ' | 1,865,000 | ' |
Redemptions (purchases) of other investments | 391,000 | 179,000 | -50,000 |
Purchases of held to maturity securities | -5,250,000 | ' | -5,894,000 |
Purchases of available for sale securities | -140,473,000 | -202,273,000 | -75,650,000 |
Principal repayments, net of loans originated | 113,588,000 | 382,669,000 | 288,795,000 |
Proceeds from sales of loans, net | ' | ' | 153,713,000 |
Purchases of premises and equipment | -1,855,000 | -1,619,000 | -1,686,000 |
Proceeds from sales of premises and equipment | 68,000 | 170,000 | 239,000 |
Proceeds from sales of other real estate | 16,645,000 | 7,261,000 | 56,425,000 |
Net cash provided by investing activities | 99,356,000 | 285,324,000 | 487,071,000 |
Financing activities: | ' | ' | ' |
Net decrease in deposits | -125,492,000 | -211,804,000 | -331,346,000 |
Net increase in other borrowings | 10,270,000 | 13,883,000 | -38,123,000 |
Net proceeds from issuance of common stock | 229,000 | 127,000 | 64,000 |
Repurchase of common stock warrant | -2,287,000 | ' | ' |
Redemptions of preferred stock | ' | -70,000,000 | ' |
Redemption of trust preferred securities | -35,570,000 | ' | ' |
Excess tax expense from share-based payment arrangements | 15,000 | -67,000 | -218,000 |
Preferred stock dividends paid | ' | -4,407,000 | -1,751,000 |
Net cash used in financing activities | -152,835,000 | -272,268,000 | -371,374,000 |
Net increase in cash and cash equivalents | -8,240,000 | 58,190,000 | 162,393,000 |
Cash and cash equivalents: | ' | ' | ' |
Beginning of period | 288,079,000 | 229,889,000 | 67,496,000 |
End of period | $279,839,000 | $288,079,000 | $229,889,000 |
Consolidated_Statement_Of_Shar
Consolidated Statement Of Shareholders' Equity (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income | Total |
In Thousands, except Share data, unless otherwise specified | ||||||
Beginning balance at Dec. 31, 2010 | $67,724 | $19,422 | $98,894 | $185,196 | $979 | $372,215 |
Beginning balance, Shares at Dec. 31, 2010 | ' | 19,421,900 | ' | ' | ' | ' |
Dividends (paid and/ or accrued): | ' | ' | ' | ' | ' | ' |
Preferred | ' | ' | ' | -3,523 | ' | -3,523 |
Warrant amortization | 731 | ' | ' | -731 | ' | ' |
Common stock issued | ' | 16 | 214 | ' | ' | 230 |
Common stock issued, shares | ' | 16,100 | ' | ' | ' | ' |
Net common stock issued under employee plans and related tax expense | ' | 6 | -176 | ' | ' | -170 |
Net common stock issued under employee plans and related tax expense, shares | ' | 6,213 | ' | ' | ' | ' |
Other comprehensive loss, net of tax | ' | ' | ' | ' | 1,132 | 1,132 |
Net income | ' | ' | ' | -68,295 | ' | -68,295 |
Ending balance at Dec. 31, 2011 | 68,455 | 19,444 | 98,932 | 112,647 | 2,111 | 301,589 |
Ending balance, Shares at Dec. 31, 2011 | ' | 19,444,213 | ' | ' | ' | ' |
Dividends (paid and/ or accrued): | ' | ' | ' | ' | ' | ' |
Preferred | ' | ' | ' | -2,196 | ' | -2,196 |
Warrant amortization | -68,455 | ' | ' | -1,545 | ' | -70,000 |
Common stock issued | ' | 81 | 799 | ' | ' | 880 |
Common stock issued, shares | ' | 80,500 | ' | ' | ' | ' |
Net common stock issued under employee plans and related tax expense | ' | 5 | -26 | ' | ' | -21 |
Net common stock issued under employee plans and related tax expense, shares | ' | 4,992 | ' | ' | ' | ' |
Other comprehensive loss, net of tax | ' | ' | ' | ' | -383 | -383 |
Net income | ' | ' | ' | 16,187 | ' | 16,187 |
Ending balance at Dec. 31, 2012 | ' | 19,530 | 99,705 | 125,093 | 1,728 | 246,056 |
Ending balance, Shares at Dec. 31, 2012 | ' | 19,529,705 | ' | ' | ' | 19,529,705 |
Dividends (paid and/ or accrued): | ' | ' | ' | ' | ' | ' |
Warrant repurchase | ' | ' | -2,287 | ' | ' | -2,287 |
Common stock issued | ' | 201 | 2,478 | ' | ' | 2,679 |
Common stock issued, shares | ' | 201,046 | ' | ' | ' | ' |
Net common stock issued under employee plans and related tax expense | ' | 2 | 41 | ' | ' | 43 |
Net common stock issued under employee plans and related tax expense, shares | ' | 2,175 | ' | ' | ' | ' |
Other comprehensive loss, net of tax | ' | ' | ' | ' | -4,739 | -4,739 |
Net income | ' | ' | ' | 17,435 | ' | 17,435 |
Ending balance at Dec. 31, 2013 | ' | $19,733 | $99,937 | $142,528 | ($3,011) | $259,187 |
Ending balance, Shares at Dec. 31, 2013 | ' | 19,732,926 | ' | ' | ' | 19,732,926 |
Significant_Accounting_And_Rep
Significant Accounting And Reporting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Significant Accounting And Reporting Policies [Abstract] | ' |
Significant Accounting And Reporting Policies | ' |
SOUTHWEST BANCORP, INC. | |
Notes to the Consolidated Financial Statements | |
For the Years Ended December 31, 2013, 2012 and 2011 | |
Note 1: Summary of Significant Accounting and Reporting Policies | |
Organization and Nature of Operations – Southwest Bancorp Inc. (“we”, “our”, “us”, or “Southwest”), incorporated in 1981, is a financial holding company headquartered in Stillwater, Oklahoma engaged primarily in commercial and consumer banking services in the states of Oklahoma, Texas, and Kansas. The accompanying consolidated financial statements include the accounts of Bank SNB, a national bank established in 1894, and SNB Capital Corporation, a lending and loan workout subsidiary established in 2009, and consolidated subsidiaries of Bank SNB, including SNB Real Estate Holdings, Inc. Bank SNB and SNB Capital Corporation are wholly owned, direct subsidiaries of ours. All significant intercompany balances and transactions have been eliminated in consolidation. | |
As of the close of business on November 15, 2013, we effected an affiliated merger of our wholly-owned subsidiary banks, Bank of Kansas and Stillwater National, whereby Bank of Kansas merged with and into Stillwater National. Stillwater National was rebranded Bank SNB (“Bank SNB”) in connection with the merger. The consolidated bank offers customers a greater banking experience across our three state region and now does business in all markets under the new name, Bank SNB. | |
Basis of Presentation – The accounting and reporting policies conform to accounting principles generally accepted in the United States and to generally accepted practices within the banking industry. The Consolidated Financial Statements include the accounts of Southwest and all other entities in which we have a controlling financial interest. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
We have evaluated subsequent events for potential recognition and disclosure through the issue date of the Consolidated Financial Statements included in this Annual Report on Form 10-K. See further discussion of subsequent events at “Note 20 – Subsequent Events”. | |
Management Estimates – In preparing our financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates shown on the consolidated statements of financial condition and revenues and expenses during the periods reported. Actual results could differ significantly from those estimates. Changes in economic conditions could affect the determination of material estimates such as the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, income taxes, and the fair value of financial instruments. | |
Cash and Cash Equivalents – For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions, and federal funds sold. Interest-bearing balances held at depository institutions were $251.8 million at December 31, 2013 and $243.0 million at December 31, 2012. Federal funds sold are sold for one-to-four day periods. | |
Cash paid for interest totaled $11.5 million in 2013, $19.2 million in 2012, and $26.5 million in 2011. Cash paid for income taxes totaled $0.4 million in 2013, $1.0 million in 2012, and $5.9 million in 2011. Noncash transactions included transfer of loans to other real estate totaling $0.9 million in 2013, $2.6 million in 2012, and $62.3 million in 2011. | |
Bank SNB is required by the Federal Reserve Bank (“FRB”) to maintain average reserve balances. Cash and cash equivalents in the Consolidated Statements of Financial Condition include restricted amounts of $1.8 million and $3.0 million at December 31, 2013 and December 31, 2012, respectively. | |
Investment Securities – Investments in debt and equity securities are identified as held to maturity or available for sale based on management considerations of asset/liability strategy, changes in interest rates and prepayment risk, the need to increase liquidity, and other factors, including management’s intent and ability to hold securities to maturity. We have the ability and intent to hold to maturity our investment securities classified as held to maturity. We had no investments held for trading purposes for any period presented. Under certain circumstances (including the deterioration of the issuer’s creditworthiness, a change in tax law, or statutory or regulatory requirements), we may change the investment security classification. The classifications we utilize determine the related accounting treatment for each category of investments. Available for sale securities are accounted for at fair value with unrealized gains or losses, net of taxes, excluded from operations and reported as accumulated other comprehensive income or loss. Held to maturity securities are accounted for at amortized cost. Securities with limited marketability, such as Federal Reserve Bank stock, Federal Home Loan Bank stock, and certain other investments, are carried at cost and included in other assets. | |
All investment securities are adjusted for amortization of premiums and accretion of discounts. Amortization of premiums and accretion of discounts are recorded to operations over the contractual maturity or estimated life of the individual investment on the level yield method. Gain or loss on sale of investments is based upon the specific identification method. Income earned on our investments in state and political subdivisions generally is not subject to ordinary Federal income tax. | |
In accordance with authoritative accounting guidance under ASC 320, Debt and Equity Securities, declines in fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. Under this guidance, we evaluate investment securities for other-than-temporary impairment on at least a quarterly basis, or more frequently when economic or market conditions warrant such an evaluation. | |
Federal Reserve Bank and Federal Home Loan Bank Stock – Bank SNB is a member of its regional FRB and Federal Home Loan Bank (“FHLB”) system. FHLB members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional accounts. Both FRB and FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |
Loans – Interest on loans is accrued and credited to operations based upon the principal amount outstanding. Loan origination fees and certain costs of originated loans are amortized as an adjustment to the yield over the term of the loan. Net unamortized deferred loan fees were $0.1 million at December 31, 2013 and 2012. Loans are reported at the principal balance outstanding net of the unamortized deferred loan fees. | |
In general, our policy for nonaccrual loans requires that accrued interest income on nonaccrual loans is written off after the loan is 90 days past due, and that subsequent interest income is recorded when cash receipts are received from the borrower. We identify past due loans based on contractual terms on a loan by loan basis. | |
A loan is considered to be impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. The allowance for loan losses related to loans that are evaluated for impairment is based either on the discounted cash flows using the loan’s initial effective interest rate or on the fair value of the collateral for certain collateral dependent loans. Smaller balance, homogeneous loans, including mortgage, student, and consumer, are collectively evaluated for impairment. This evaluation is inherently subjective as it requires material estimates including the amounts and timing of future cash flows expected to be received on impaired loans that may be susceptible to significant change. | |
We originate real estate mortgage loans for either portfolio investment or sale in the secondary market. During the period of origination, real estate mortgage loans are designated as held either for investment purposes or sale. Mortgage loans held for sale are generally sold within a one-month period from loan closing at amounts determined by the investor commitment based upon the pricing of the loan. We provide United States Department of Agriculture ("USDA”) government guaranteed commercial real estate lending services to rural healthcare providers. The loans are available for sale in the secondary market. | |
Loans Acquired through Transfer – The accounting guidance of ASC 310.30, Loan and Debt Securities Acquired with Deteriorated Credit Quality, applies to loans acquired through the completion of a transfer, including loans acquired in a business combination that have evidence of deterioration of credit quality since origination and for which it is probable, at acquisition, that we will be unable to collect all contractually required payment receivables. In accordance with this guidance, these loans are initially recorded at fair value (as determined by the present value of expected future cash flows) with no valuation allowance. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield”, is recognized as interest income over the life of the loan on a method that approximates the level-yield method. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference”, are not recognized as a yield adjustment, a loss accrual, or a valuation allowance. Increases in expected cash flows subsequent to the initial investment are recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows are recognized as impairments. Valuation allowances on these impaired loans reflect only losses incurred after the acquisition. | |
Loss Share Receivable – Bank SNB and the FDIC entered into loss sharing agreements that provide Bank SNB with significant protection against credit losses from loans and related assets acquired in the FNBA FDIC-assisted transaction. Under these agreements, the FDIC will reimburse Bank SNB 80% of net losses up to $35.0 million on covered assets, primarily acquired loans and other real estate, and 95% of any net losses above $35.0 million. Bank SNB services the covered assets. The loss sharing agreements have terms of ten years for one-to-four family residential loans and eight years for all other loan types. The expected payments from the FDIC under the loss sharing agreements are recorded as part of the covered loans in our Consolidated Statements of Financial Condition. Assets subject to these agreements are referred to as “covered”. | |
The difference between the undiscounted expected recoveries at acquisition and the fair value of the loss share receivable is the “accretable portion” and is recognized as interest income over the estimated life of the acquired loan portfolio. The initially recorded loss share receivable represented 85% of the aggregate loan discount related to the acquired loan portfolio. Because of the relationship of the loss share receivable to the loan discount, when an adjustment is made to a loan discount to reflect changes in the expected cash flows of the loan, an adjustment to the corresponding loss share receivable attributable to that loan will also occur. | |
Allowance for Loan Losses – The allowance for loan losses is a reserve established through a provision for loan losses charged to operations. Loan amounts which are determined to be uncollectible are charged against this allowance, and recoveries, if any, are added to the allowance. The appropriate amount of the allowance is based on continuous review and evaluation of the loan portfolio and ongoing, quarterly assessments of the probable losses inherent in the loan portfolio. The allowance for loan losses is determined in accordance with regulatory guidelines and generally accepted accounting principles and is comprised of two primary components, specific and general. Allocations of the allowance for loan losses may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. | |
The specific component relates to loans that are individually classified as impaired. Loans deemed to be impaired are evaluated on an individual basis consistent with ASC 310.10.35, Receivables: Subsequent Measurement. The amount and level of the impairment allowance is ultimately determined by management’s estimate of the amount of expected future cash flows or, if the loan is collateral dependent, on the value of the collateral, which may vary from period to period depending on changes in the financial condition of the borrower or changes in the estimated value of the collateral. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and deemed as impaired, and classified as nonperforming, potential problem, or performing restructured as applicable. Charge-offs against the allowance of impaired loans are made when and to the extent the loan is deemed uncollectible. | |
The general component of the allowance is calculated based on ASC 450, Contingencies. Loans not evaluated for specific allowance are segmented into loan pools by type of loan. The commercial real estate and real estate construction pools are further segmented by the market in which the loan collateral is located. Our primary markets are Oklahoma, Texas, and Kansas, and loans secured by real estate in those states are included in the “in-market” pool, with the remaining defaulting to the “out-of-market” pool. Estimated allowances are based on historical loss trends with adjustments factored in based on qualitative risk factors both internal and external to us. The historical loss trend is determined by loan pool and segmentation and is based on the actual loss history experienced by us over the most recent three years. The qualitative risk factors include, but are not limited to, economic and business conditions, changes in lending staff, lending policies and procedures, quality of loan review, changes in the nature and volume of the portfolios, loss and recovery trends, asset quality trends, and legal and regulatory considerations. | |
Independent appraisals on real estate collateral securing loans are obtained at origination. New appraisals are obtained periodically and upon discovery of factors that may significantly affect the value of the collateral. Appraisals usually are received within 30 days of request. Results of appraisals on nonperforming and potential problem loans are reviewed promptly upon receipt and also are reviewed monthly and considered in the determination of the allowance for loan losses. We are not aware of any significant time lapses in the process that have resulted, or would result in, a significant delay in determination of a credit weakness, the identification of a loan as nonperforming, or the measurement of an impairment. | |
Management strives to carefully monitor credit quality and to identify loans that may become nonperforming. At any time, however, there are loans included in the portfolio that will result in losses but that have not been identified as nonperforming or potential problem loans. Because the loan portfolio contains a significant number of commercial and commercial real estate loans with relatively large balances, the unexpected deterioration of one or a few of such loans may cause a significant increase in nonperforming assets and may lead to a material increase in charge-offs and the provision for loan losses in future periods. | |
Liability for Credit Losses on Unfunded Loan Commitments – Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | |
The reserve for unfunded loan commitments is a liability on our Consolidated Statement of Financial Condition in other liabilities. The reserve is computed using a methodology similar to that used to determine the allowance for loan losses, modified to take into account the probability of a drawdown on the commitment. At December 31, 2013 and 2012 the balance was $2.8 million and $2.9 million, respectively. | |
Premises and Equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are recorded on a straight-line basis over the estimated useful life of each asset. Useful lives range from 10 years to 40 years for buildings and improvements, and 3 years to 10 years for furniture, fixtures, and equipment. We review the carrying value of long-lived assets used in operations when changes in events or circumstances indicate that the assets might have become impaired. This review initially includes a comparison of carrying value to the undiscounted cash flows estimated to be generated by those assets. If this review indicates that an asset is impaired, we record a charge to operations to reduce the asset’s carrying value to fair value, which is based on estimated discounted cash flows. Long-lived assets that are held for disposal are valued at the lower of the carrying amount or fair value less costs to sell. | |
Other Real Estate – Assets acquired through or instead of loan foreclosure are considered other real estate. Other real estate is initially recorded at the lesser of the carrying value or fair value less the estimated costs to sell the asset. Write-downs of carrying value required at the time of foreclosure are recorded as a charge to the allowance for loan losses. Costs related to the development of such real estate are capitalized, and costs related to holding the property are expensed. Foreclosed property is subject to periodic revaluation based upon estimates of fair value. In determining the valuation of other real estate, management obtains independent appraisals for significant properties. Valuation adjustments are provided, as necessary, by charges to operations. Profits and losses from operations or sales of foreclosed property are recognized as incurred. At December 31, 2013 and 2012, the balances of noncovered other real estate were $0.6 million and $11.3 million, respectively. | |
Other real estate covered under the loss sharing agreements with the FDIC is reported exclusive of expected reimbursement cash flows from the FDIC. Fair value adjustments on covered other real estate result in a reduction of the covered other real estate carrying amount and a corresponding increase in the estimated FDIC reimbursement, with the estimated net loss charged against earnings. At December 31, 2013 and December 31, 2012, the balances of covered other real estate were $2.1 million and $3.6 million, respectively. | |
Goodwill and Other Intangible Assets – Intangible assets consist of goodwill, core deposit intangibles, and loan servicing rights. Goodwill and core deposit intangibles, which generally result from a business combination, are accounted for under the provisions of ASC 350, Intangibles - Goodwill and Other, and ASC 805, Business Combinations. Loan servicing rights are accounted for under the provisions of ASC 860, Transfers and Servicing. | |
Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired and is assigned to reporting units. Goodwill is not amortized, but is tested for impairment at least annually or more frequently if conditions indicate impairment. The evaluation of possible impairment involves significant judgment based upon short-term and long-term projections of future performance of each reporting unit. | |
Core deposit intangibles are amortized using an economic life method based on deposit attrition. As a result, amortization will decline over time with most of the amortization occurring during the initial years. The net book value of core deposit intangibles is evaluated for impairment when economic conditions indicate impairment may exist. | |
When real estate mortgage loans and other loans are sold with servicing retained, an intangible servicing right is initially capitalized based on estimated fair value at the point of origination with the income statement effect recorded in gains on sales of loans. The servicing rights are amortized on an individual loan by loan basis over the period of estimated net servicing income. Impairment of loan servicing rights is assessed based on the fair value of those rights. We review the carrying value of loan servicing rights quarterly for impairment. At least annually, we obtain estimates of fair value from outside sources to corroborate the results of the valuation model. At December 31, 2013 and 2012, the fair values of loan servicing rights were $3.5 million and $2.3 million, respectively. | |
Fair Value Measurements – ASC 820, Fair Value Measurements and Disclosure, defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and our creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. | |
Derivative Financial Instruments – Our hedging policy permits the use of various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. All derivatives are recorded at fair value on our balance sheet. | |
To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. We consider a hedge to be highly effective if the change in fair value of the derivative hedging instrument is within 80% to 125% of the opposite change in the fair value of the hedged item attributable to the hedged risk. If derivative instruments are designated as hedges of fair values, and such hedges are highly effective, both the change in the fair value of the hedge and the hedged item are included in current earnings. Fair value adjustments related to cash flow hedges are recorded in other comprehensive income and are reclassified to earnings when the hedged transaction is reflected in earnings. Ineffective portions of hedges are reflected in earnings as they occur. Actual cash receipts and/or payments and related accruals on derivatives related to hedges are recorded as adjustments to the interest income or interest expense associated with the hedged item. During the life of the hedge, we will formally assess whether derivatives designated as hedging instruments continue to be highly effective in offsetting changes in the fair value or cash flows of hedged items. If it is determined that a hedge has ceased to be highly effective, we will discontinue hedge accounting prospectively. At such time, previous adjustments to the carrying value of the hedged item are reversed into current earnings and the derivative instrument is reclassified to a trading position recorded at fair value. | |
Loan Servicing Income – We earn fees for servicing real estate mortgages and other loans owned by others. These fees are generally calculated on the outstanding principal balance of the loans serviced and are recorded as income when earned. | |
Taxes on Income – We file consolidated income tax returns with our subsidiaries. Income tax expense is the total of the current year income tax due or refundable, adjusted for permanent differences between items reported in the financial statements and those reported for tax purposes and the change in deferred tax assets and liabilities. Under the asset and liability method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to reverse. The net deferred tax asset is reflected as a component of other assets on the consolidated balance sheet. | |
A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. Management reviewed all evidence and concluded that a valuation allowance was not needed. | |
Earnings per Common Share – ASC 260, Earnings Per Share, provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. We have determined that our unvested restricted stock awards are participating securities. Accordingly, earnings per common share is computed using the two-class method prescribed by ASC 260. Using this method, basic earnings per common share is computed based upon net income available to common shareholders divided by the weighted average number of common shares outstanding during each period, which exclude the outstanding unvested restricted stock. Diluted earnings per share is computed using the weighted average number of common shares determined for the basic earnings per common share computation plus the dilutive effect of stock options using the treasury stock method. Stock options and warrants, where the exercise price was greater than the average market price of common shares, were not included in the computation of earnings per diluted share as they would have been antidilutive. For the years ended December 31, 2013, 2012, and 2011, we had 0, 5,000, and 73,814 in antidilutive options to purchase common shares, respectively. In 2013, an antidilutive warrant to purchase 703,753 shares of common stock was repurchased. This same warrant to purchase 703,753 shares of common stock was outstanding for the years ended December 31, 2012, and 2011. | |
A reconciliation of the weighted-average common shares used in the calculations of basic and diluted earnings per common share for the reported periods is provided at “Note 13 Earnings per Common Share”. | |
Share-Based Compensation – The Southwest Bancorp, Inc. 2008 Stock Based Award Plan (the “2008 Stock Plan”), provides selected key employees with the opportunity to acquire common stock through stock options or restricted stock awards. Compensation cost is recognized based on the fair value of these awards at the date of grant. The exercise price of all options granted under the 2008 Stock Plan is the fair market value on the grant date, while the market price of our common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Depending upon terms of the stock option agreements, stock options generally become exercisable on an annual basis and expire from five to ten years after the date of grant. | |
The 2008 Stock Plan authorized awards for up to 800,000 shares of our common stock over its ten-year term. | |
Comprehensive Income – Our comprehensive income (net income plus all other changes in shareholders’ equity from non-equity sources) consists of our net income, the after tax effect of changes in the net unrealized gains (losses) in our available for sale securities, and changes in the accumulated gain (loss) on the effective cash flow hedging instrument. | |
Investment_Securities
Investment Securities | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||
Investment Securities | ' | |||||||||||||
Note 2: Investment Securities | ||||||||||||||
A summary of the amortized cost and fair values of investment securities follows: | ||||||||||||||
Amortized | Gross Unrealized | Fair | ||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | ||||||||||
At December 31, 2013 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 11,720 | $ | 395 | $ | - | $ | 12,115 | ||||||
Total | $ | 11,720 | $ | 395 | $ | - | $ | 12,115 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 123,332 | $ | 330 | $ | -2,889 | $ | 120,773 | ||||||
Obligations of state and political subdivisions | 33,685 | 36 | -1,085 | 32,636 | ||||||||||
Residential mortgage-backed securities | 183,512 | 1,747 | -2,089 | 183,170 | ||||||||||
Asset-backed securities | 9,578 | - | -96 | 9,482 | ||||||||||
Equity securities | 35,316 | 1,267 | -165 | 36,418 | ||||||||||
Total | $ | 385,423 | $ | 3,380 | $ | -6,324 | $ | 382,479 | ||||||
At December 31, 2012 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 12,797 | $ | 862 | $ | - | $ | 13,659 | ||||||
Total | $ | 12,797 | $ | 862 | $ | - | $ | 13,659 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 114,159 | $ | 1,474 | $ | -19 | $ | 115,614 | ||||||
Obligations of state and political subdivisions | 34,754 | 887 | -83 | 35,558 | ||||||||||
Residential mortgage-backed securities | 200,310 | 3,668 | -303 | 203,675 | ||||||||||
Asset-backed securities | 7,794 | - | -123 | 7,671 | ||||||||||
Equity securities | 1,300 | 497 | - | 1,797 | ||||||||||
Total | $ | 358,317 | $ | 6,526 | $ | -528 | $ | 364,315 | ||||||
Residential mortgage-backed securities consist of agency securities underwritten and guaranteed by Government National Mortgage Association (“Ginnie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”), and Federal National Mortgage Association (“Fannie Mae”). | ||||||||||||||
Securities with limited marketability, such as Federal Reserve Bank stock, Federal Home Loan Bank stock, and certain other investments, are carried at cost and included in other assets on our Consolidated Statement of Financial Condition. Total investments carried at cost were $8.1 million and $8.5 million at December 31, 2013 and 2012, respectively. There are no identified events or changes in circumstances that may have a significant adverse effect on the investments carried at cost. | ||||||||||||||
A comparison of the amortized cost and approximate fair value of our investment securities by maturity date at December 31, 2013 follows: | ||||||||||||||
Available for Sale | Held to Maturity | |||||||||||||
Amortized | Fair | Amortized | Fair | |||||||||||
(Dollars in thousands) | Cost | Value | Cost | Value | ||||||||||
One year or less | $ | 20,806 | $ | 21,151 | $ | 1,941 | $ | 1,957 | ||||||
More than one year through five years | 167,476 | 168,675 | 2,227 | 2,282 | ||||||||||
More than five years through ten years | 151,933 | 147,705 | 4,151 | 4,265 | ||||||||||
More than ten years | 45,208 | 44,948 | 3,401 | 3,611 | ||||||||||
Total | $ | 385,423 | $ | 382,479 | $ | 11,720 | $ | 12,115 | ||||||
The foregoing analysis assumes that our residential mortgage-backed securities mature during the period in which they are estimated to prepay. No other prepayment or repricing assumptions have been applied to our investment securities for this analysis. | ||||||||||||||
Gain or loss on sale or call of investments is based upon the specific identification method. The 2013 sales of investment securities netted to zero gain. Sales of securities are as follows: | ||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||||||
Proceeds from sales | $ | 2,744 | $ | 6,588 | $ | - | ||||||||
Gross realized gains | 0 | 45 | - | |||||||||||
Gross realized losses | 0 | -10 | - | |||||||||||
The following table shows securities with gross unrealized losses and their fair values by the length of time that the individual securities had been in a continuous unrealized loss position at December 31, 2013 and 2012. Securities whose market values exceed cost are excluded from this table. | ||||||||||||||
Continuous Unrealized | ||||||||||||||
Amortized cost of | Loss Existing for: | Fair value of | ||||||||||||
Number of | securities with | Less Than | More Than | securities with | ||||||||||
(Dollars in thousands) | Securities | unrealized losses | 12 Months | 12 Months | unrealized losses | |||||||||
At December 31, 2013 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 24 | $ | 87,921 | $ | -2,885 | $ | -4 | $ | 85,032 | |||||
Obligations of state and political subdivisions | 20 | 31,579 | -887 | -198 | 30,494 | |||||||||
Residential mortgage-backed securities | 53 | 104,667 | -2,015 | -74 | 102,578 | |||||||||
Asset-backed securities | 3 | 9,578 | -96 | - | 9,482 | |||||||||
Other Securities | 8 | 27,728 | -165 | - | 27,563 | |||||||||
Total | 108 | $ | 261,473 | $ | -6,048 | $ | -276 | $ | 255,149 | |||||
At December 31, 2012 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 5 | $ | 9,887 | $ | -19 | $ | - | $ | 9,868 | |||||
Obligations of state and political subdivisions | 9 | 10,457 | -83 | - | 10,374 | |||||||||
Residential mortgage-backed securities | 23 | 46,787 | -288 | -15 | 46,484 | |||||||||
Asset-backed securities | 4 | 7,794 | -123 | - | 7,671 | |||||||||
Total | 41 | $ | 74,925 | $ | -513 | $ | -15 | $ | 74,397 | |||||
We evaluate all securities on an individual basis for other-than-temporary impairment on at least a quarterly basis. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of us to retain our investment in the issuer for a period of time sufficient to allow for an anticipated recovery in fair value. | ||||||||||||||
Management has the ability and intent to hold the securities classified as held to maturity in the table above until they mature, at which time we expect to receive full value for the securities. Furthermore, as of December 31, 2013, management does not have the intent to sell any of the securities classified as available for sale in the table above and believes that it is not more likely than not that we will have to sell any such securities before a recovery of cost. The declines in fair value were attributable to increases in market interest rates over the yields available at the time the underlying securities were purchased or increases in spreads over market interest rates. Management does not believe any of the securities are impaired due to credit quality. Accordingly, as of December 31, 2013, management believes the impairment of these investments is not deemed to be other-than-temporary. | ||||||||||||||
As required by law, available for sale investment securities are pledged to secure public and trust deposits, sweep agreements, and borrowings from the FHLB. Securities with an amortized cost of $292.6 million and $284.2 million were pledged to meet such requirements at December 31, 2013 and 2012, respectively. Any amount over-pledged can be released at any time. | ||||||||||||||
Loans_And_Allowance_For_Loan_L
Loans And Allowance For Loan Losses | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Loans And Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||
Loans And Allowance For Loan Losses | ' | ||||||||||||||||||
Note 3: Loans and Allowance for Loan Losses | |||||||||||||||||||
We extend commercial and consumer credit primarily to customers in the states of Oklahoma, Texas, and Kansas. Our commercial lending operations are concentrated in Oklahoma City, Dallas, Tulsa, and other metropolitan markets in Texas, Kansas, and Oklahoma. As a result, the collectability of our loan portfolio can be affected by changes in the economic conditions in those states and markets. Please see “Note 18 Operating Segments” for more detail regarding loans by market. At December 31, 2013 and 2012, substantially all of our loans were collateralized with real estate, inventory, accounts receivable, and/or other assets or were guaranteed by agencies of the United States government. | |||||||||||||||||||
Our loan classifications were as follows: | |||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 740,997 | $ | 11,282 | $ | 870,975 | $ | 18,298 | |||||||||||
One-to-four family residential | 80,058 | 3,930 | 70,954 | 4,881 | |||||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 143,650 | 198 | 130,753 | 382 | |||||||||||||||
One-to-four family residential | 4,646 | - | 3,656 | - | |||||||||||||||
Commercial | 254,087 | 971 | 240,498 | 2,037 | |||||||||||||||
Installment and consumer: | |||||||||||||||||||
Guaranteed student loans | 4,394 | - | 4,680 | - | |||||||||||||||
Other | 26,644 | 46 | 31,512 | 109 | |||||||||||||||
1,254,476 | 16,427 | 1,353,028 | 25,707 | ||||||||||||||||
Less: Allowance for loan losses | -36,607 | -56 | -46,494 | -224 | |||||||||||||||
Total loans, net | $ | 1,217,869 | $ | 16,371 | $ | 1,306,534 | $ | 25,483 | |||||||||||
Concentrations of Credit. At December 31, 2013, $417.4 million, or 33%, of our noncovered loans consisted of loans to individuals and businesses in the healthcare industry. We do not have any other concentrations of loans to individuals or businesses involved in a single industry totaling 10% or more of total loans. | |||||||||||||||||||
Loans Held for Sale. We had loans which were held for sale of $3.1 million and $31.7 million at December 31, 2013 and 2012, respectively. The decline is due to reclassifying the guaranteed student loans and the United States Department of Agriculture (“USDA”) government guaranteed commercial real estate loans back into the loan portfolio and not actively looking to sell these loans. These loans were reclassified at their respective book value which approximated fair value. The loans currently classified as held for sale, primarily residential mortgage loans, are carried at the lower of cost or market value. A substantial portion of the one-to-four family residential loans and loan servicing rights, if not retained, are primarily sold to one investor. These mortgage loans are generally sold within a one-month period from loan closing at amounts determined by the investor commitment based upon the pricing of the loan. | |||||||||||||||||||
Loan Servicing. We earn fees for servicing real estate mortgages and other loans owned by others. The fees are generally calculated on the outstanding principal balance of the loans serviced and are recorded as noninterest income when earned. The unpaid principal balance of real estate mortgage loans serviced for others totaled $390.7 million and $343.4 million at December 31, 2013 and 2012, respectively. Loan servicing rights are capitalized based on estimated fair value at the point of origination. The servicing rights are amortized over the period of estimated net servicing income. | |||||||||||||||||||
Acquired Loans. Changes in the carrying amounts and accretable yields for ASC 310.30 loans were as follows for the year ended December 31, 2013 and 2012. | |||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Carrying | Carrying | ||||||||||||||||||
Accretable | amount | Accretable | amount | ||||||||||||||||
(Dollars in thousands) | Yield | of loans | Yield | of loans | |||||||||||||||
Balance at beginning of period | $ | 1,904 | $ | 25,707 | $ | 2,402 | $ | 37,615 | |||||||||||
Payments received | - | -6,954 | - | -9,960 | |||||||||||||||
Transfers to other real estate / repossessed assets | -36 | -2,110 | 27 | -2,365 | |||||||||||||||
Net charge-offs | -1 | -468 | -5 | -151 | |||||||||||||||
Net reclassifications to / from nonaccretable amount | 235 | - | 192 | - | |||||||||||||||
Accretion | -505 | 252 | -712 | 568 | |||||||||||||||
Balance at end of period | $ | 1,597 | $ | 16,427 | $ | 1,904 | $ | 25,707 | |||||||||||
Nonperforming / Past Due Loans. The following table shows the recorded investment in loans on nonaccrual status. | |||||||||||||||||||
At December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 6,564 | $ | 1,202 | $ | 18,337 | $ | 3,087 | |||||||||||
One-to-four family residential | 456 | 57 | 563 | 52 | |||||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 2,721 | - | 3,355 | 130 | |||||||||||||||
Commercial | 8,769 | - | 12,761 | 324 | |||||||||||||||
Other consumer | 50 | - | 88 | 2 | |||||||||||||||
Total nonaccrual loans | $ | 18,560 | $ | 1,259 | $ | 35,104 | $ | 3,595 | |||||||||||
If interest on nonaccrual loans had been accrued, the interest income as reported in the accompanying consolidated statement of operations would have increased by approximately $1.2 million, $1.2 million, and $5.7 million, for 2013, 2012, and 2011, respectively. | |||||||||||||||||||
Net cumulative charge-offs against noncovered nonaccrual loans at December 31, 2013 and 2012 were $8.2 million and $8.3 million, respectively. | |||||||||||||||||||
The following table shows an age analysis of past due loans at the end of the respective reporting period. | |||||||||||||||||||
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 December 31, 2013 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 3,843 | $ | 6,564 | $ | 10,407 | $ | 730,590 | $ | 740,997 | $ | - | |||||||
One-to-four family residential | 284 | 456 | 740 | 79,318 | 80,058 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 569 | 2,721 | 3,290 | 140,360 | 143,650 | - | |||||||||||||
One-to-four family residential | - | - | - | 4,646 | 4,646 | - | |||||||||||||
Commercial | 1,998 | 8,819 | 10,817 | 243,270 | 254,087 | 50 | |||||||||||||
Other | 128 | 53 | 181 | 30,857 | 31,038 | 3 | |||||||||||||
Total - noncovered | 6,822 | 18,613 | 25,435 | 1,229,041 | 1,254,476 | 53 | |||||||||||||
Covered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | 8 | 1,202 | 1,210 | 10,072 | 11,282 | - | |||||||||||||
One-to-four family residential | 18 | 57 | 75 | 3,855 | 3,930 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | - | - | - | 198 | 198 | - | |||||||||||||
Commercial | - | - | - | 971 | 971 | - | |||||||||||||
Other | - | - | - | 46 | 46 | - | |||||||||||||
Total - covered | 26 | 1,259 | 1,285 | 15,142 | 16,427 | - | |||||||||||||
Total | $ | 6,848 | $ | 19,872 | $ | 26,720 | $ | 1,244,183 | $ | 1,270,903 | $ | 53 | |||||||
At December 31, 2012 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 23,348 | $ | 18,337 | $ | 41,685 | $ | 829,290 | $ | 870,975 | $ | - | |||||||
One-to-four family residential | 1,479 | 1,310 | 2,789 | 68,165 | 70,954 | 747 | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 3,501 | 3,355 | 6,856 | 123,897 | 130,753 | - | |||||||||||||
One-to-four family residential | - | - | - | 3,656 | 3,656 | - | |||||||||||||
Commercial | 7,358 | 15,232 | 22,590 | 217,908 | 240,498 | 2,471 | |||||||||||||
Other | 538 | 160 | 698 | 35,494 | 36,192 | 72 | |||||||||||||
Total - noncovered | 36,224 | 38,394 | 74,618 | 1,278,410 | 1,353,028 | 3,290 | |||||||||||||
Covered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial real estate | 1,090 | 3,087 | 4,177 | 14,121 | 18,298 | - | |||||||||||||
One-to-four family residential | - | 52 | 52 | 4,829 | 4,881 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | - | 130 | 130 | 252 | 382 | - | |||||||||||||
Commercial | - | 324 | 324 | 1,713 | 2,037 | - | |||||||||||||
Other | - | 2 | 2 | 107 | 109 | - | |||||||||||||
Total - covered | 1,090 | 3,595 | 4,685 | 21,022 | 25,707 | - | |||||||||||||
Total | $ | 37,314 | $ | 41,989 | $ | 79,303 | $ | 1,299,432 | $ | 1,378,735 | $ | 3,290 | |||||||
Impaired Loans. The following table presents loans individually evaluated for impairment by class of loans at the end of the respective reporting period. | |||||||||||||||||||
With No Specific Allowance | With A Specific Allowance | ||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||
Recorded | Principal | Recorded | Principal | Related | |||||||||||||||
(Dollars in thousands) | Investment | Balance | Investment | Balance | Allowance | ||||||||||||||
At December 31, 2013 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 32,284 | $ | 32,784 | $ | 15,446 | $ | 15,729 | $ | 4,012 | |||||||||
One-to-four family residential | 456 | 576 | - | - | - | ||||||||||||||
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 noncovered | $ | 33,948 | $ | 34,726 | $ | 27,305 | $ | 33,171 | $ | 7,939 | |||||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 5,793 | $ | 6,760 | $ | 457 | $ | 457 | $ | 3 | |||||||||
One-to-four family residential | 54 | 54 | 42 | 94 | 4 | ||||||||||||||
Total covered | $ | 5,847 | $ | 6,814 | $ | 499 | $ | 551 | $ | 7 | |||||||||
At December 31, 2012 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 29,425 | $ | 30,340 | $ | 24,630 | $ | 27,397 | $ | 5,094 | |||||||||
One-to-four family residential | 563 | 653 | 7 | 7 | 7 | ||||||||||||||
Real estate construction | 3,970 | 7,841 | 232 | 256 | 50 | ||||||||||||||
Commercial | 3,337 | 6,975 | 13,422 | 13,448 | 6,492 | ||||||||||||||
Other | 7 | 8 | 81 | 100 | 81 | ||||||||||||||
Total noncovered | $ | 37,302 | $ | 45,817 | $ | 38,372 | $ | 41,208 | $ | 11,724 | |||||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 4,325 | $ | 5,347 | $ | 2,214 | $ | 3,979 | $ | 22 | |||||||||
One-to-four family residential | 20 | 25 | 52 | 98 | 2 | ||||||||||||||
Real estate construction | 130 | 308 | - | - | - | ||||||||||||||
Commercial | 322 | 1,884 | 2 | 3 | 1 | ||||||||||||||
Other | 2 | 4 | - | - | - | ||||||||||||||
Total covered | $ | 4,799 | $ | 7,568 | $ | 2,268 | $ | 4,080 | $ | 25 | |||||||||
The following table presents the average recorded investment and interest income recognized on impaired loans for the year ended December 31, 2013, 2012, and 2011. | |||||||||||||||||||
As of and for the year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Average | Average | Average | |||||||||||||||||
Recorded | Interest | Recorded | Interest | Recorded | Interest | ||||||||||||||
(Dollars in thousands) | Investment | Income | Investment | Income | Investment | Income | |||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 47,835 | $ | 1,784 | $ | 36,373 | $ | 1,517 | $ | 10,012 | $ | 1,852 | |||||||
One-to-four family residential | 362 | - | 427 | 8 | 1,317 | 8 | |||||||||||||
Real estate construction | 2,488 | - | 4,507 | 51 | 8,222 | 805 | |||||||||||||
Commercial | 11,468 | 87 | 4,494 | 137 | 9,144 | 746 | |||||||||||||
Other | 63 | - | 104 | - | 97 | - | |||||||||||||
Total noncovered | $ | 62,216 | $ | 1,871 | $ | 45,905 | $ | 1,713 | $ | 28,792 | $ | 3,411 | |||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 15,290 | $ | 328 | $ | 21,110 | $ | 184 | $ | 26,642 | $ | - | |||||||
One-to-four family residential | 4,283 | 1 | 5,627 | 1 | 7,926 | - | |||||||||||||
Real estate construction | 313 | - | 1,721 | - | 6,003 | - | |||||||||||||
Commercial | 1,431 | - | 2,175 | - | 4,403 | - | |||||||||||||
Other | 66 | - | 158 | - | 438 | - | |||||||||||||
Total covered | $ | 21,383 | $ | 329 | $ | 30,791 | $ | 185 | $ | 45,412 | $ | - | |||||||
Included in interest income recognized on impaired loans are $2.4 million and $1.9 million, and $3.3 million, for December 31, 2013, 2012, and 2011, respectively, in interest on accruing troubled debt restructurings. | |||||||||||||||||||
Troubled Debt Restructurings. The loan portfolio also includes certain loans that have been modified in a troubled debt restructuring, where economic concessions have been granted to borrowers who have experienced financial difficulties. These concessions typically result from loss mitigation activities and can include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. Troubled debt restructurings are classified as impaired at the time of restructuring and classified as nonperforming, potential problem, or performing restructured, as applicable. Loans modified in troubled debt restructurings may be returned to performing status after considering the borrowers’ sustained repayment for a reasonable period of at least six months. | |||||||||||||||||||
When we modify loans in a troubled debt restructuring, an evaluation of any possible impairment is performed similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or use of the current fair value of the collateral, less selling costs for collateral dependent loans. If it is determined that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs, and unamortized premium or discount), an impairment is recognized through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, all loans modified in troubled debt restructurings are evaluated, including those that have payment defaults, for possible impairment. | |||||||||||||||||||
Troubled debt restructured loans outstanding as of December 31, 2013 and 2012 are as follows: | |||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccrual | Accruing | Nonaccrual | |||||||||||||||
Commercial real estate | $ | 44,442 | $ | 4,456 | $ | 39,170 | $ | 2,953 | |||||||||||
One-to-four family residential | 18 | 162 | 27 | 134 | |||||||||||||||
Real estate construction | - | - | 847 | 130 | |||||||||||||||
Commercial | 1,527 | 648 | 3,998 | 351 | |||||||||||||||
Consumer | - | 46 | - | 81 | |||||||||||||||
Total | $ | 45,987 | $ | 5,312 | $ | 44,042 | $ | 3,649 | |||||||||||
At December 31, 2013 and 2012, we had no significant commitments to lend additional funds to debtors whose loan terms have been modified in troubled debt restructuring. | |||||||||||||||||||
Loans modified as troubled debt restructurings that occurred during the year ended December 31, 2013 and 2012 are shown in the following tables: | |||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||
(Dollars in thousands) | Modifications | Investment | Modifications | Investment | |||||||||||||||
Commercial real estate | 9 | $ | 4,732 | 12 | $ | 22,713 | |||||||||||||
One-to-four family residential | 1 | 68 | 3 | 110 | |||||||||||||||
Real estate construction | - | - | 1 | 847 | |||||||||||||||
Commercial | 5 | 784 | 7 | 3,328 | |||||||||||||||
Consumer | - | - | 1 | 80 | |||||||||||||||
Total | 15 | $ | 5,584 | 24 | $ | 27,078 | |||||||||||||
The modifications of loans identified as troubled debt restructurings primarily related to payment extensions and/or reductions in the interest rate. The financial impact of troubled debt restructurings is not significant. | |||||||||||||||||||
The following tables present the recorded investment and the number of loans modified as a troubled debt restructuring which subsequently defaulted for the year ended December 31, 2013 and 2012. Default, for this purpose, is deemed to occur when a loan is 90 days or more past due or transferred to nonaccrual and is within twelve months of restructuring. | |||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||
(Dollars in thousands) | Contracts | Investment | Contracts | Investment | |||||||||||||||
Commercial real estate | 1 | $ | 166 | - | $ | - | |||||||||||||
Commercial | - | - | 3 | 1,658 | |||||||||||||||
Real estate construction | - | - | 1 | 130 | |||||||||||||||
Total | 1 | $ | 166 | 4 | $ | 1,788 | |||||||||||||
Credit Quality Indicators. To assess the credit quality of loans, we categorize loans into risk categories based on relevant information about the ability of the borrowers to service their debts such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. This analysis is performed on a quarterly basis. We use the following definitions for risk ratings: | |||||||||||||||||||
Special mention – Loans classified as special mention have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for these loans or of the institution’s credit position at some future date. | |||||||||||||||||||
Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligors or of the collateral pledged, if any. Loans so classified have one or more well-defined weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. These loans are considered potential problem or nonperforming loans depending on the accrual status of the loans. | |||||||||||||||||||
Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. These loans are considered nonperforming. | |||||||||||||||||||
Loans not meeting the criteria above that are analyzed as part of the above described process are considered to be pass rated loans. As of December 31, 2013 and 2012, based on the most recent analysis performed as of those dates, the risk category of loans by class is as follows: | |||||||||||||||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | |||||||||||||
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 | |||||||
At December 31, 2012 | |||||||||||||||||||
Grade: | |||||||||||||||||||
Pass | $ | 718,054 | $ | 71,975 | $ | 83,350 | $ | 208,019 | $ | 35,897 | $ | 1,117,295 | |||||||
Special Mention | 88,167 | 1,901 | 25,964 | 7,047 | 181 | 123,260 | |||||||||||||
Substandard | 80,104 | 1,923 | 25,477 | 26,887 | 223 | 134,614 | |||||||||||||
Doubtful | 2,948 | 36 | - | 582 | - | 3,566 | |||||||||||||
Total | $ | 889,273 | $ | 75,835 | $ | 134,791 | $ | 242,535 | $ | 36,301 | $ | 1,378,735 | |||||||
Allowance for Loan Losses. The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment evaluation method as of December 31, 2013 and 2012. | |||||||||||||||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | |||||||||||||
At December 31, 2013 | |||||||||||||||||||
Balance at beginning of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Loans charged-off | -806 | -578 | 246 | -8,599 | -267 | -10,004 | |||||||||||||
Recoveries | 171 | 253 | 4,527 | 2,049 | 158 | 7,158 | |||||||||||||
Provision for loan losses | -7,734 | 314 | -4,521 | 4,931 | -199 | -7,209 | |||||||||||||
Balance at end of period | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | |||||||
Allowance for loan losses ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 4,012 | $ | - | $ | 18 | $ | 3,863 | $ | 46 | $ | 7,939 | |||||||
Collectively evaluated for impairment | 14,839 | 797 | 5,505 | 7,122 | 405 | 28,668 | |||||||||||||
Acquired with deteriorated credit quality | 3 | 53 | - | - | - | 56 | |||||||||||||
Total ending allowance balance | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 47,730 | $ | 456 | $ | 2,720 | $ | 10,297 | $ | 50 | $ | 61,253 | |||||||
Collectively evaluated for impairment | 693,267 | 79,602 | 145,576 | 243,790 | 30,988 | 1,193,223 | |||||||||||||
Acquired with deteriorated credit quality | 11,282 | 3,930 | 198 | 971 | 46 | 16,427 | |||||||||||||
Total ending loans balance | $ | 752,279 | $ | 83,988 | $ | 148,494 | $ | 255,058 | $ | 31,084 | $ | 1,270,903 | |||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||||
At December 31, 2012 | |||||||||||||||||||
Balance at beginning of period | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Loans charged-off | -2,167 | -269 | - | -4,455 | -649 | -7,540 | |||||||||||||
Recoveries | 58 | 271 | 1,972 | 3,671 | 495 | 6,467 | |||||||||||||
Provision for loan losses | 7,583 | -157 | -7,878 | 3,561 | -2 | 3,107 | |||||||||||||
Balance at end of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Allowance for loan losses ending balances: | |||||||||||||||||||
Individually evaluated for impairment | $ | 5,094 | $ | 7 | $ | 50 | $ | 6,492 | $ | 81 | $ | 11,724 | |||||||
Collectively evaluated for impairment | 21,975 | 785 | 5,221 | 6,111 | 678 | 34,770 | |||||||||||||
Acquired with deteriorated credit quality | 154 | 69 | - | 1 | - | 224 | |||||||||||||
Total ending allowance balance | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 54,055 | $ | 570 | $ | 4,202 | $ | 16,759 | $ | 88 | $ | 75,674 | |||||||
Collectively evaluated for impairment | 816,920 | 70,384 | 130,207 | 223,739 | 36,104 | 1,277,354 | |||||||||||||
Acquired with deteriorated credit quality | 18,298 | 4,881 | 382 | 2,037 | 109 | 25,707 | |||||||||||||
Total ending loans balance | $ | 889,273 | $ | 75,835 | $ | 134,791 | $ | 242,535 | $ | 36,301 | $ | 1,378,735 | |||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||||
At December 31, 2011 | |||||||||||||||||||
Balance at beginning of period | $ | 32,508 | $ | 1,597 | $ | 19,605 | $ | 10,605 | $ | 914 | $ | 65,229 | |||||||
Loans charged-off | -71,066 | -346 | -62,070 | -22,103 | -1,040 | -156,625 | |||||||||||||
Recoveries | 411 | 67 | 1,521 | 1,864 | 116 | 3,979 | |||||||||||||
Provision for loan losses | 59,896 | -302 | 52,121 | 19,461 | 925 | 132,101 | |||||||||||||
Balance at end of period | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Allowance for loan losses ending balances: | |||||||||||||||||||
Individually evaluated for impairment | $ | 411 | $ | 21 | $ | 73 | $ | 349 | $ | 112 | $ | 966 | |||||||
Collectively evaluated for impairment | 21,198 | 981 | 10,846 | 9,439 | 803 | 43,267 | |||||||||||||
Acquired with deteriorated credit quality | 140 | 14 | 258 | 39 | - | 451 | |||||||||||||
Total ending allowance balance | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 21,701 | $ | 1,468 | $ | 11,983 | $ | 10,490 | $ | 123 | $ | 45,765 | |||||||
Collectively evaluated for impairment | 1,006,860 | 78,907 | 220,102 | 335,776 | 38,463 | 1,680,108 | |||||||||||||
Acquired with deteriorated credit quality | 23,686 | 7,072 | 3,746 | 2,841 | 270 | 37,615 | |||||||||||||
Total ending loans balance | $ | 1,052,247 | $ | 87,447 | $ | 235,831 | $ | 349,107 | $ | 38,856 | $ | 1,763,488 | |||||||
Premises_And_Equipment
Premises And Equipment | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Premises And Equipment [Abstract] | ' | |||||
Premises And Equipment | ' | |||||
Note 4: Premises and Equipment | ||||||
Year-end premises and equipment were as follows: | ||||||
At December 31, | ||||||
(Dollars in thousands) | 2013 | 2012 | ||||
Land | $ | 6,057 | $ | 6,059 | ||
Buildings and improvements | 21,751 | 18,237 | ||||
Furniture, fixtures, and equipment | 27,268 | 30,911 | ||||
Construction/remodeling in progress | 1,159 | 129 | ||||
56,235 | 55,336 | |||||
Accumulated depreciation and amortization | -35,402 | -33,645 | ||||
Total premises and equipment, net | $ | 20,833 | $ | 21,691 | ||
Depreciation of premises and equipment totaled $2.5 million in 2013 and 2012, and $2.6 million in 2011. | ||||||
We lease certain equipment and premises for our operations. Future minimum annual rental payments required under operating leases, net of sublease agreements, that have initial or remaining lease terms in excess of one year as of December 31, 2013 were as follows: | ||||||
(Dollars in thousands) | ||||||
2014 | $ | 2,407 | ||||
2015 | 2,043 | |||||
2016 | 1,204 | |||||
2017 | 143 | |||||
2018 | 72 | |||||
Thereafter | - | |||||
Total | $ | 5,869 | ||||
The total rental expense was $2.6 million, $2.5 million, and $2.6 million in 2013, 2012, and 2011, respectively. | ||||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | |||||||||
Goodwil And Other Intangible Assets | ' | |||||||||
Note 5: Goodwill and Other Intangible Assets | ||||||||||
We have recorded goodwill and other identifiable intangible assets associated with purchase business combinations. Goodwill is not amortized, but is periodically evaluated for impairment. We perform an annual goodwill impairment test as of October 1 of each year and assess qualitative factors on a quarterly basis that would indicate events or circumstances that an impairment might have taken place. | ||||||||||
Goodwill totaled $1.2 million at December 31, 2013 and 2012, of which, $0.2 million of goodwill is reported in the Oklahoma Banking segment and $1.0 million is reported in the Texas Banking segment. Further information regarding operating segments can be found in “Note 18 Operating Segments”. | ||||||||||
Based on our annual goodwill impairment test as of October 1, 2013 and updated through December 31, 2013, management does not believe any of its goodwill is impaired as of December 31, 2013. We did not recognize an impairment during the years ended December 31, 2013, 2012 and 2011. | ||||||||||
The following table presents the gross carrying amount of other intangible assets and accumulated amortization. | ||||||||||
At December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | ||||||||
Core deposit premiums | $ | 5,400 | $ | 5,400 | ||||||
Less accumulated amortization | -3,343 | -2,857 | ||||||||
Core deposit premiums, net | 2,057 | 2,543 | ||||||||
Loan servicing rights | 11,689 | 10,257 | ||||||||
Less accumulated amortization | -8,766 | -7,936 | ||||||||
Loan servicing rights, net | 2,923 | 2,321 | ||||||||
Other intangible assets, net | $ | 4,980 | $ | 4,864 | ||||||
Core deposit intangibles are amortized using an economic life method based on deposit attrition. As a result, amortization will decline over time with most of the amortization occurring during the initial years. The weighted average amortization period for core deposit intangibles is approximately 10 years. Amortization expense related to core deposit intangibles totaled $0.5 million in 2013, 2012, and 2011. | ||||||||||
During 2013 and 2012, we had recorded loan servicing right amortization expense of $0.8 million and $0.7 million, respectively. | ||||||||||
The estimated aggregate future amortization expense for other intangible assets remaining as of December 31, 2013 is as follows: | ||||||||||
(Dollars in thousands) | Core Deposit Premiums | Loan Servicing Rights | Total | |||||||
2014 | $ | 514 | $ | 512 | $ | 1,026 | ||||
2015 | 474 | 476 | 950 | |||||||
2016 | 425 | 400 | 825 | |||||||
2017 | 249 | 333 | 582 | |||||||
2018 | 182 | 274 | 456 | |||||||
Thereafter | 213 | 928 | 1,141 | |||||||
$ | 2,057 | $ | 2,923 | $ | 4,980 | |||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||
Fair Value Measurements | ' | ||||||||||||||
Note 6: Fair Value Measurements | |||||||||||||||
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. In estimating fair value, we utilize valuation techniques that are consistent with the market approach, the income approach, and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||
ASC 820, Fair Value Measurements and Disclosure, establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: | |||||||||||||||
Level 1Quoted prices in active markets for identical instruments. | |||||||||||||||
Level 2Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||||||||
Level 3Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||
The estimated fair value amounts have been determined by us using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amount we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. There were no changes in valuation methods used to estimate fair value during the year ended December 31, 2013. | |||||||||||||||
A description of the valuation methodologies used for instruments measured at fair value on a recurring basis is as follows: | |||||||||||||||
Loans held for sale – Real estate mortgage loans held for sale are carried at the lower of cost or market, which is determined on an individual loan basis. The fair value of loans held for sale is based on existing investor commitments. Guaranteed student loans held for sale are carried at the lower of cost or market, which is determined on an aggregate basis. | |||||||||||||||
Available for sale securities – The fair value of U.S. Government and federal agency securities, equity securities, and residential mortgage-backed securities is estimated based on quoted market prices or dealer quotes. The fair value of other investments such as obligations of state and political subdivisions is estimated based on quoted market prices, when available. We obtain fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and bond’s terms and conditions, among other things. We review the prices supplied by the independent pricing service, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. | |||||||||||||||
The fair value of a single private equity investment is estimated based on our proportionate share of the net asset value, $2.4 million and $1.7 million as of December 31, 2013 and December 31, 2012, respectively. The investee invests in small and mid-sized U.S. financial institutions and other financial-related companies. This investment has a quarterly redemption with sixty-five days’ notice. | |||||||||||||||
Derivative instrument – We utilize an interest rate swap agreement to convert one of our variable-rate subordinated debentures to a fixed rate (cash flow hedge). The fair value of the interest rate swap agreement is obtained from dealer quotes. | |||||||||||||||
The following table summarizes financial assets measured at fair value on a recurring basis as of December 31, 2013 and 2012. | |||||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||
(Dollars in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
At December 31, 2013 | |||||||||||||||
Loans held for sale: | |||||||||||||||
Student loans | $ | - | $ | - | $ | - | $ | - | |||||||
One-to-four family residential | 2,235 | - | 2,235 | - | |||||||||||
Government guaranteed commercial real estate | 769 | - | 769 | - | |||||||||||
Other loans held for sale | 56 | - | 56 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 120,773 | - | 120,773 | - | |||||||||||
Obligations of state and political subdivisions | 32,636 | - | 32,636 | - | |||||||||||
Residential mortgage-backed securities | 183,170 | - | 183,170 | - | |||||||||||
Asset-backed securities | 9,482 | 9,482 | |||||||||||||
Other securities | 36,418 | 151 | 36,267 | - | |||||||||||
Derivative instrument | -1,967 | - | -1,967 | - | |||||||||||
Total | $ | 383,572 | $ | 151 | $ | 383,421 | $ | - | |||||||
At December 31, 2012 | |||||||||||||||
Loans held for sale: | |||||||||||||||
Student loans | $ | 4,680 | $ | - | $ | 4,680 | $ | - | |||||||
One-to-four family residential | 5,112 | - | 5,112 | - | |||||||||||
Government guaranteed commercial real estate | 21,794 | - | 21,794 | - | |||||||||||
Other loans held for sale | 96 | - | 96 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 115,614 | - | 115,614 | - | |||||||||||
Obligations of state and political subdivisions | 35,558 | - | 35,558 | - | |||||||||||
Residential mortgage-backed securities | 203,675 | - | 203,675 | - | |||||||||||
Asset-backed securities | 7,671 | 7,671 | |||||||||||||
Other securities | 1,797 | 111 | 1,686 | - | |||||||||||
Derivative instrument | -3,195 | - | -3,195 | - | |||||||||||
Total | $ | 392,802 | $ | 111 | $ | 392,691 | $ | - | |||||||
Certain financial assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). These assets are recorded at the lower of cost or fair value. Valuation methodologies for assets measured on a nonrecurring basis are as follows: | |||||||||||||||
Impaired loans – Certain impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from collateral. Collateral values are estimated using Level 2 inputs based on third-party appraisals. Certain other impaired loans are remeasured and reported through a specific valuation allowance allocation of the allowance for loan losses based upon the net present value of cash flows. | |||||||||||||||
Other real estate – Other real estate fair value is based on third-party appraisals for properties less the estimated costs to sell the asset. | |||||||||||||||
Goodwill – Fair value of goodwill is based on the fair value of each of our reporting units to which goodwill is allocated compared with their respective carrying value. There has been no impairment during 2013 or 2012; therefore, no fair value adjustment was recorded through earnings. | |||||||||||||||
Core deposit premiums – The fair value of core deposit premiums are based on third-party appraisals. There has been no impairment during 2013 or 2012; therefore, no fair value adjustment was recorded through earnings. | |||||||||||||||
Mortgage loan servicing rights – There is no active trading market for loan servicing rights. The fair value of loan servicing rights is estimated by calculating the present value of net servicing revenue over the anticipated life of each loan. A cash flow model is used to determine fair value. Key assumptions and estimates, including projected prepayment speeds and assumed servicing costs, earnings on escrow deposits, ancillary income, and discount rates, used by this model are based on current market sources. A separate third party model is used to estimate prepayment speeds based on interest rates, housing turnover rates, estimated loan curtailment, anticipated defaults, and other relevant factors. The prepayment model is updated for changes in market conditions. | |||||||||||||||
Assets that are measured at fair value on a nonrecurring basis as of December 31, 2013 and 2012 are summarized below. | |||||||||||||||
Fair Value Measurements Using | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Total Gains | ||||||||||||
(Dollars in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | (Losses) | ||||||||||
At December 31, 2013 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 20,423 | $ | - | $ | 20,423 | $ | - | $ | 3,075 | |||||
One-to-four family residential | - | - | - | - | - | ||||||||||
Real estate construction | 2,636 | - | 2,636 | - | -18 | ||||||||||
Commercial | 9,176 | - | 9,176 | - | -2,989 | ||||||||||
Other consumer | 46 | - | 46 | - | 35 | ||||||||||
Noncovered other real estate | 560 | - | 560 | - | -1,520 | ||||||||||
Covered other real estate | 2,094 | - | 2,094 | - | -702 | ||||||||||
Mortgage loan servicing rights | 3,492 | - | - | 3,492 | - | ||||||||||
Total | $ | 38,427 | $ | - | $ | 34,935 | $ | 3,492 | $ | -2,119 | |||||
At December 31, 2012 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 33,137 | $ | - | $ | 33,137 | $ | - | $ | -6,674 | |||||
One-to-four family residential | 23 | - | 23 | - | -7 | ||||||||||
Real estate construction | 232 | - | 232 | - | 3,532 | ||||||||||
Commercial | 13,473 | - | 13,473 | - | -6,637 | ||||||||||
Other consumer | 81 | - | 81 | - | 31 | ||||||||||
Noncovered other real estate | 11,315 | - | 11,315 | - | -3,998 | ||||||||||
Covered other real estate | 3,643 | - | 3,643 | - | -180 | ||||||||||
Mortgage loan servicing rights | 2,321 | - | - | 2,321 | -465 | ||||||||||
Total | $ | 64,225 | $ | - | $ | 61,904 | $ | 2,321 | $ | -14,398 | |||||
Noncovered impaired loans measured at fair value with a carrying amount of $45.5 million were written down to a fair value of $32.3 million, resulting in a life-to-date impairment of $27.3 million, of which $0.1 million was included in the provision for loan losses for the year ended December 31, 2013. As of December 31, 2012, noncovered impaired loans measured at fair value with a carrying amount of $61.0 million were written down to the fair value of $46.9 million at December 31, 2012, resulting in a life-to-date impairment charge of $14.1 million, of which $9.8 million was included in the provision for loan losses for the year ended December 31, 2012. | |||||||||||||||
As of December 31, 2013, noncovered and covered other real estate assets were written down to their fair values, resulting in an impairment charge of approximately $1.5 million and $0.7 million, respectively, which was included in noninterest expense for the year ended December 31, 2013. In the prior year, noncovered and covered other real estate assets were written down to their respective fair values, resulting in impairment charges of $4.0 million and $0.2 million, respectively, which were included in noninterest expense for the year ended December 31, 2012. | |||||||||||||||
For the year ended December 31, 2013, no impairment of mortgage loan servicing rights was incurred. As of December 31, 2012, mortgage loan servicing rights were written down to their fair value, resulting in an impairment charge of $0.5 million, which were included in noninterest income for the period. | |||||||||||||||
ASC 825, Financial Instruments, requires an entity to provide disclosures about fair value of financial instruments, including those that are not measured and reported at fair value on a recurring or nonrecurring basis. The methodologies used in estimating the fair value of financial instruments that are measured on a recurring or nonrecurring basis are discussed above. The methodologies for the other financial instruments are discussed below: | |||||||||||||||
Cash and cash equivalents – For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value. | |||||||||||||||
Securities held to maturity – The investment securities held to maturity are carried at cost. The fair value of the held to maturity securities is estimated based on quoted market prices or dealer quotes. | |||||||||||||||
Loans, net of allowance – Fair values are estimated for certain homogenous categories of loans adjusted for differences in loan characteristics. Our loans have been aggregated by categories consisting of commercial, real estate, student, and other consumer. The fair value of loans is estimated by discounting the cash flows using risks inherent in the loan category and interest rates currently offered for loans with similar terms and credit risks. | |||||||||||||||
Accrued interest receivable – The carrying amount is a reasonable estimate of fair value for accrued interest receivable. | |||||||||||||||
Investment included in other assets – The estimated fair value of investments included in other assets, which primarily consists of investments carried at cost, approximates their carrying values. | |||||||||||||||
Deposits – The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the statement of financial condition date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||
Other liabilities and accrued interest payable – The estimated fair value of other liabilities, which primarily includes trade accounts payable and accrued interest payable, approximates their carrying values. | |||||||||||||||
Other borrowings – Included in other borrowings are FHLB advances, securities sold under agreements to repurchase, and treasury tax and loan demand notes. The fair value for fixed rate FHLB advances is based upon discounted cash flow analysis using interest rates currently being offered for similar instruments. The fair values of other borrowings are the amounts payable at the statement of financial condition date, as the carrying amount is a reasonable estimate of fair value due to the short-term maturity rates. | |||||||||||||||
Subordinated debentures – Two subordinated debentures have floating rates that reset quarterly. The fair value of the floating rate subordinated debentures approximates carrying value at December 31, 2013 and December 31, 2012. A third subordinated debenture with a fixed rate was redeemed on September 15, 2013. The fair value of the fixed rate subordinated debenture was based on market price. | |||||||||||||||
The carrying values and estimated fair values of our financial instruments segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value are as follows: | |||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Dollars in thousands) | Values | Values | Values | Values | |||||||||||
Financial assets: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Cash and cash equivalents | $ | 279,839 | $ | 279,839 | $ | 288,079 | $ | 288,079 | |||||||
Securities held to maturity | 11,720 | 12,115 | 12,797 | 13,659 | |||||||||||
Accrued interest receivable | 5,335 | 5,335 | 6,365 | 6,365 | |||||||||||
Investments included in other assets | 8,140 | 8,140 | 8,531 | 8,531 | |||||||||||
Level 3 inputs: | |||||||||||||||
Total loans, net of allowance | 1,234,240 | 1,190,869 | 1,332,017 | 1,301,942 | |||||||||||
Financial liabilities: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Deposits | 1,584,086 | 1,486,939 | 1,709,578 | 1,666,653 | |||||||||||
Accrued interest payable | 832 | 832 | 1,116 | 1,116 | |||||||||||
Other liabilities | 8,248 | 8,248 | 9,985 | 9,985 | |||||||||||
Derivative instrument | 1,967 | 1,967 | 3,195 | 3,195 | |||||||||||
Other borrowings | 80,632 | 83,593 | 70,362 | 74,057 | |||||||||||
Subordinated debentures | 46,393 | 46,393 | 81,963 | 82,998 | |||||||||||
Deposits
Deposits | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Deposits [Abstract] | ' | |||||
Deposits | ' | |||||
Note 7: Deposits | ||||||
The following table summarizes deposits as of December 31, 2013 and 2012. | ||||||
(Dollars in thousands) | 2013 | 2012 | ||||
Noninterest-bearing demand | $ | 444,796 | $ | 424,008 | ||
Interest-bearing demand | 120,156 | 112,012 | ||||
Money market accounts | 439,981 | 423,417 | ||||
Savings accounts | 41,727 | 37,693 | ||||
Time deposits of $100,000 or more | 251,185 | 351,273 | ||||
Other time deposits | 286,241 | 361,175 | ||||
Total deposits | $ | 1,584,086 | $ | 1,709,578 | ||
The total amount of overdrawn deposit accounts that were reclassified as loans at December 31, 2013 and 2012 was $0.5 million and $0.4 million, respectively. | ||||||
Some of our interest-bearing deposits were obtained through brokered transactions and we participate in the Certificate of Deposit Account Registry Service (“CDARS”). There were no brokered certificate of deposits as of December 31, 2013 and 2012. CDARS deposits totaled $1.3 million at December 31, 2013 and $9.9 million at December 31, 2012. There were no capital market certificate of deposits at December 31, 2013 and December 31, 2012. | ||||||
Scheduled time deposit maturities as of December 31, 2013 are as follows: | ||||||
(Dollars in thousands) | ||||||
2014 | $ | |||||
380,504 | ||||||
2015 | 96,028 | |||||
2016 | 31,540 | |||||
2017 | 20,738 | |||||
2018 | 8,616 | |||||
Thereafter | - | |||||
Total time deposits | $ | |||||
537,426 | ||||||
Borrowed_Funds
Borrowed Funds | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Borrowed Funds [Abstract] | ' | |||||||||||||||||
Borrowed Funds | ' | |||||||||||||||||
Note 8: Borrowed Funds | ||||||||||||||||||
We have available various forms of other borrowings for cash management and liquidity purposes. These forms of borrowings include short term federal funds purchased and securities sold under agreements to repurchase, and advances from the FHLB and the FRB. The following table summarizes borrowed funds for the periods indicated: | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
(Dollars in thousands) | Balance at December 31 | Average Balance | Weighted Average Rate | Balance at December 31 | Average Balance | Weighted Average Rate | ||||||||||||
Securities sold under repurchase | ||||||||||||||||||
agreements | $ | 55,632 | $ | 49,115 | 0.05 | % | $ | 45,362 | $ | 36,823 | 0.05 | % | ||||||
Federal Home Loan Bank advances | 25,000 | 25,000 | 3.47 | 25,000 | 25,000 | 3.48 | ||||||||||||
$ | 80,632 | $ | 70,362 | |||||||||||||||
We have approved federal funds purchase lines totaling $150.0 million with five financial entities. We sell securities under agreements to repurchase with us retaining custody of the collateral. Collateral consists of direct obligations of U.S. Government and Federal Agency issues, which are designated as pledged with our safekeeping agent. The type of collateral required, the retention of the collateral, and the security sold, minimize our risk of exposure to loss. These transactions are for one-to-four day periods. At December 31, 2013 and 2012, no repurchase agreement exceeded 10% of equity capital. | ||||||||||||||||||
We have entered into an agreement with the FHLB to obtain advances from the FHLB from time to time. At December 31, 2013, the Bank SNB FHLB line of credit had an outstanding balance of $25.0 million. The terms of the agreement are set forth in the Advance, Pledge and Security Agreement (the “Agreement”). The FHLB requires that we pledge collateral on such advances. Under the terms of the Agreement, the discounted value of the collateral, as defined by the FHLB, should at all times be at least equal to the amount borrowed by us. Such advances outstanding are subject to a blanket collateral arrangement, which requires the pledging of eligible collateral to secure such advances. Such collateral principally includes certain loans and securities. At December 31, 2013 and 2012, loans pledged under the Agreement were $517.8 million and $532.9 million, and investment securities pledged (at carrying value) were $50.1 million and $12.2 million, respectively. There are no scheduled minimum future principal payments on the FHLB line of credit until after 2016. | ||||||||||||||||||
We are qualified to borrow funds from the FRB through their Borrower-In-Custody (“BIC”) program. Collateral under this program consists of pledged selected commercial and industrial loans. Currently, the collateral will allow us to borrow up to $44.6 million. We also have substantial unused borrowing availability in the form of unsecured brokered certificate of deposits program from Bank of America Merrill Lynch, Morgan Stanley & Co., Citigroup Global Markets, Inc., Wells Fargo Bank, NA, UBS Securities LLC, and RBC Capital Markets Corp. In conjunction with these lines of credit, we had no retail certificates of deposit included in total deposits at December 31, 2013 and 2012. | ||||||||||||||||||
Subordinated_Debentures
Subordinated Debentures | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Subordinated Debentures [Abstract] | ' | |||||||||
Subordinated Debentures | ' | |||||||||
Note 9: Trust Preferred Securities and Subordinated Debentures | ||||||||||
At December 31, 2013 and 2012, we had the following issues of trust preferred securities outstanding and subordinated debentures owed to the Trusts. | ||||||||||
At December 31, 2013 | ||||||||||
(Dollars in thousands) | Subordinated Debentures Owed to Trusts | Trust Preferred Securities of the Trusts | Rates | Final Maturity Date | ||||||
OKSB Statutory Trust I | $ | 20,619 | $ | 20,000 | 3.35% | 26-Jun-33 | ||||
SBI Capital Trust II | 25,774 | 25,000 | 3.09% | 7-Oct-33 | ||||||
$ | 46,393 | $ | 45,000 | |||||||
At December 31, 2012 | ||||||||||
(Dollars in thousands) | Subordinated Debentures Owed to Trusts | Trust Preferred Securities of the Trusts | Rates | Final Maturity Date | ||||||
OKSB Statutory Trust I | $ | 20,619 | $ | 20,000 | 3.41% | 26-Jun-33 | ||||
SBI Capital Trust II | 25,774 | 25,000 | 3.19% | 7-Oct-33 | ||||||
Southwest Capital Trust II | 35,570 | 34,500 | 10.50% | 15-Sep-38 | ||||||
$ | 81,963 | $ | 79,500 | |||||||
On June 26, 2003, our subsidiary, OKSB Statutory Trust I, sold to investors in a private placement offering $20.0 million of adjustable rate trust preferred securities (the “OKSB Trust Preferred”). The OKSB Trust Preferred bear interest, adjustable quarterly, at 90-day LIBOR plus 3.10%. In addition to these adjustable rate securities, OKSB Statutory Trust I sold $0.6 million of trust common equity to Southwest. The aggregate proceeds of $20.6 million were used to purchase an equal principal amount of adjustable rate subordinated debentures that bear interest, adjustable quarterly, at 90-day LIBOR plus 3.10% (the “OKSB Subordinated Debentures”). After deducting underwriter’s compensation and noninterest expenses of the offering, the net proceeds were available to us to increase capital and for general corporate purposes. Interest payments on the OKSB Subordinated Debentures are deductible for federal income tax purposes. | ||||||||||
On October 14, 2003, our subsidiary, SBI Capital Trust II, sold to investors in a private placement offering $25.0 million of adjustable rate trust preferred securities (the “SBI II Trust Preferred”). The SBI II Trust Preferred bear interest, adjustable quarterly, at 90-day LIBOR plus 2.85%. In addition to these adjustable rate securities, SBI Capital Trust II sold $0.8 million of trust common equity to us. The aggregate proceeds of $25.8 million were used to purchase an equal principal amount of our adjustable rate subordinated debentures that bear interest, adjustable quarterly 90-day LIBOR plus 2.85% (the “SBI II Subordinated Debentures”). The proceeds were available to us to increase capital and for general corporate purposes. Interest payments on the SBI II Subordinated Debentures are deductible for federal income tax purposes. | ||||||||||
In July 2008, our subsidiary, Southwest Capital Trust II, sold to investors in a public offering $34.5 million of 10.50% trust preferred securities (the “OKSBP Trust Preferred”). In addition to these trust preferred securities, Southwest Capital Trust II sold $1.1 million of trust common equity to us. The aggregated proceeds of $35.6 million were used to purchase an equal amount of our 10.50% subordinated debentures (the “OKSBP Subordinated Debentures”). On September 15, 2013, we redeemed all of the OKSBP Trust Preferred pursuant to the optional redemption provisions provided in the documents governing the OKSBP Trust Preferred. The OKSBP Trust Preferred were redeemed at the liquidation amount of $25 per trust preferred security plus accrued and unpaid distributions to the redemption date of September 15, 2013; settlement occurred on September 16, 2013. We also redeemed $1.07 million in common securities issued by Southwest Capital Trust II and related to the OKSBP Trust Preferred. Following the redemption, our capital levels remained well in excess of the regulatory minimum for well capitalized status. The redemption was funded with cash on hand. | ||||||||||
At December 31, 2013, we had an aggregate of $46.4 million of subordinated debentures outstanding and had an asset of $1.4 million representing our total investment in the common equity issued by the Trusts. The sole assets of the Trusts are the subordinated debentures and the liabilities of the Trusts of the OKSB Trust Preferred and SBI II Trust Preferred. We have, through various contractual arrangements, unconditionally guaranteed payment of all obligations of our Trusts with respect to our OKSB Trust Preferred and our SBI II Trust Preferred. | ||||||||||
The OKSB Trust Preferred, the OKSB Subordinated Debentures, the SBI II Trust Preferred, and the SBI II Subordinated Debentures, mature at or near the thirtieth anniversary date of their issuance. However, if certain conditions are met, the OKSB Trust Preferred and the OKSB Subordinated Debentures and the SBI II Trust Preferred and the SBI II Subordinated Debentures may be called at our discretion with thirty days’ notice. | ||||||||||
We, OKSB Statutory Trust I, and SBI Capital Trust II believe that, taken together, our obligations under the Trust Preferred Guarantee Agreements, the Amended and Restated Trust Agreements, the Subordinated Debentures, the Indentures and the Agreements as to Expenses and Liabilities, entered into in connection with the offering of the Trust Preferred and the Subordinated Debentures, in the aggregate constitute a full and unconditional guarantee by us of the obligations of OKSB Statutory Trust I and SBI Capital Trust II under the Trust Preferred. | ||||||||||
OKSB Statutory Trust I is a Connecticut statutory trust created for the purpose of issuing the OKSB Trust Preferred and purchasing the OKSB Subordinated Debentures, which are its sole assets. We own all of the 619 outstanding common securities of OKSB Statutory Trust I; the liquidation value is $1,000 per share. | ||||||||||
SBI Capital Trust II is a Delaware statutory trust created for the purpose of issuing the SBI II Trust Preferred and purchasing the SBI II Subordinated Debentures, which are its sole assets. We own all of the 774 outstanding common securities of SBI Capital Trust II; the liquidation value is $1,000 per share. | ||||||||||
Southwest Capital Trust II was a Delaware statutory trust created for the purpose of issuing the OKSBP Trust Preferred and purchasing the OKSBP Subordinated Debentures, which are its sole assets. All trust assets were redeemed on September 15, 2013. | ||||||||||
Each of the Trust Preferred issuances meets the regulatory criteria for Tier I capital, subject to Federal Reserve guidelines that limit the amount of the Trust Preferred and cumulative perpetual preferred stock to an aggregate of 25% of Tier I capital. At December 31, 2013, $45.0 million of the Trust Preferred was included in Tier I capital. | ||||||||||
We de-consolidate our investments in OKSB Statutory Trust I and SBI Capital Trust II (the “Trusts”) in this Annual Report and all future reports. Due to this required de-consolidation, the trust preferred securities are not presented on the consolidated statements of financial condition and the subordinated debentures are presented on the consolidated statements of financial condition as a separate liability category. | ||||||||||
In July 2012, we paid all previously deferred dividends on our three issues of outstanding debentures and dividends on the related trust preferred securities. Payments of deferred and arrears interest and dividends were completed in July 2012, and all payments are now current. In July 2011, we suspended payments of interest on our three issues of outstanding debentures effective August 1, 2011 and dividends on the related trust preferred securities. | ||||||||||
The terms of the debentures allow us to defer payments of interest for up to 20 consecutive quarterly periods without default or penalty. These terms also allow us to resume payments at the end of any deferral period, or to extend the deferral up to the maximum 20 quarters in total. No deferral can extend past the maturity date of the debenture. | ||||||||||
Derivative_Instruments
Derivative Instruments | 12 Months Ended |
Dec. 31, 2013 | |
Derivative Instruments [Abstract] | ' |
Derivative Instruments | ' |
Note 10: Derivative Instruments | |
We have an interest rate swap agreement with a total notional amount of $25.0 million. The interest rate swap contract was designated as a cash flow hedging instrument with the objective of protecting the overall cash flow from our quarterly interest payments on the SBI Capital Trust II preferred securities throughout the seven year period beginning February 11, 2011 and ending April 7, 2018 from the risk of variability of those payments resulting from changes in the three-month London Interbank Offered Rate (“LIBOR”). Under the swap, we will pay a fixed interest rate of 6.15% and receive a variable interest rate of three-month LIBOR plus a margin of 2.85% on a total notional amount of $25.0 million, with quarterly settlements. The rate received by us as of December 31, 2013 was 3.09%. | |
The estimated fair value of the interest rate derivative contract outstanding as of December 31, 2013 and 2012 resulted in a pre-tax loss of $2.0 million and $3.2 million, respectively, and was included in other liabilities in the Consolidated Statement of Financial Condition. | |
The effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument, a $0.7 million gain and a $0.2 million loss for the year ended December 31, 2013 and 2012, respectively, is included in other comprehensive income, net of tax, while the ineffective portion (indicated by the excess of the cumulative change in the fair value of the derivative over that which is necessary to offset the cumulative change in expected future cash flows on the hedge transaction) is included in other noninterest income or other noninterest expense. No ineffectiveness related to the interest rate derivative was recognized during either reporting period. | |
Net cash flows as a result of the interest rate swap agreement were $0.8 million for year ended December 31, 2013 and $0.7 million for the year ended 2012, and were included in interest expense on subordinated debentures. | |
Derivative contracts involve the risk of dealing with institutional derivative counterparties and their ability to meet contractual terms. Institutional counterparties must have an investment grade credit rating and be approved by our asset/liability management committee. Our credit exposure on interest rate swaps is limited to the net favorable value and interest payments of all swaps by each counterparty. Credit exposure may be reduced by the amount of collateral pledged by the counterparty. There are no credit-risk-related contingent features associated with our derivative contract. | |
The fair value of cash and securities posted as collateral by us related to the derivative contract was $4.1 million and $4.2 million at December 31, 2013 and 2012, respectively. | |
Taxes_On_Income
Taxes On Income | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Taxes On Income [Abstract] | ' | |||||||||
Taxes On Income | ' | |||||||||
Note 11: Taxes on Income | ||||||||||
The components of taxes on income follow: | ||||||||||
For the Year Ended December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||
Current tax (benefit) expense: | ||||||||||
Federal | $ | 462 | $ | 712 | $ | -18,319 | ||||
State | 74 | 232 | -4,875 | |||||||
Deferred tax expense (benefit): | ||||||||||
Federal | 9,362 | 8,145 | -18,375 | |||||||
State | 858 | 794 | -2,088 | |||||||
Taxes on income | $ | 10,756 | $ | 9,883 | $ | -43,657 | ||||
A reconciliation from the expected tax expense (benefit) using the U.S. Federal income tax rate of 35% to consolidated effective income tax expense (benefit) follows: | ||||||||||
For the Year Ended December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||
Computed tax (benefit) expense at statutory rates | $ | 9,867 | $ | 9,124 | $ | -39,183 | ||||
Increase (decrease) in income taxes resulting from: | ||||||||||
Benefit of income not subject to U.S. Federal income tax | -213 | -213 | -165 | |||||||
Expenses not deductible for U.S. Federal income tax | 96 | 150 | 124 | |||||||
State income taxes, net of Federal income tax benefit | 749 | 476 | -3,755 | |||||||
Reversal of FIN 48 reserve | - | - | -953 | |||||||
State payment or refund from prior periods (federally tax affected) | - | 50 | - | |||||||
Tax credit recapture | 76 | - | - | |||||||
Other | 181 | 296 | 275 | |||||||
Taxes on income | $ | 10,756 | $ | 9,883 | $ | -43,657 | ||||
The calculated year-to-date effective tax rate is 38.2% for 2013, 37.9% for 2012, and (39.0%) for 2011. | ||||||||||
At December 31, 2013, we had $10.7 million federal net operating loss carryforward expiring in 2031, $53.1 million of state net operating loss carryforward expiring in 2031, and $0.6 million of state net operating loss carryforward expiring in 2021. In addition, we had $2.5 million alternative minimum tax credit that can be carried forward indefinitely. | ||||||||||
A deferred tax asset or liability is recognized for the tax consequences of temporary differences in the recognition of certain income and expense items for financial statement reporting purposes. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. | ||||||||||
We conducted an analysis to assess the need for a valuation allowance at December 31, 2013. As part of this assessment, all available evidence, including both positive and negative, was considered to determine whether based on the weight of such evidence, a valuation allowance for deferred tax assets was needed. In accordance with ASC 740, Income Taxes, a valuation allowance is deemed to be needed when, based on the weight of the available evidence, it is more likely than not (a likelihood of more than 50%) that some portion or all of a deferred tax asset will not be realized. The future realization of the tax benefit depends on the existence of sufficient taxable income within the carryback and carryforward periods. | ||||||||||
As part of our analysis, we considered the following positive evidence: | ||||||||||
· | Taxes paid in prior carryback years; | |||||||||
· | Ability to carryforward federal and Oklahoma tax losses for 20 years; | |||||||||
· | Long history of earnings profitability; | |||||||||
· | Projected future taxable income, exclusive of tax planning strategies, sufficient to utilize the deferred tax assets; | |||||||||
· | Current year income exceeding forecasted income; | |||||||||
· | Improvement in overall asset quality and related credit metrics; | |||||||||
· | Redemption of Trust Preferred Securities; and | |||||||||
· | Change in executive management. | |||||||||
Due to the loss incurred in 2011, we remain in a three-year cumulative pretax loss position that is considered significant negative evidence in the determination of the need for a valuation allowance. Included in the three-year pretax loss position is $101.0 million related to the nonrecurring sale of nonperforming assets and potential problem loans during 2011. Management believes that the combination of a strong history of taxable income, the quick utilization of existing net operating loss carryforwards, and projected pre-tax income in future years represents positive evidence that the tax benefit will be realized. While realization of the deferred tax benefits is not assured, it is management’s judgment, after review of all available evidence and based on the weight of such evidence, that a valuation allowance is not necessary, as realization of these benefits meets the “more likely than not” standard. | ||||||||||
Net deferred tax assets of $24.9 million and $32.2 million at December 31, 2013 and 2012, respectively, are reflected in the accompanying consolidated statements of financial condition in other assets. | ||||||||||
Temporary differences that give rise to the deferred tax assets include the following: | ||||||||||
At December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | ||||||||
Deferred tax assets: | ||||||||||
Provision for loan losses | $ | 15,072 | $ | 19,246 | ||||||
Net operating loss carryforward | 5,065 | 12,674 | ||||||||
Tax credit carryforward | 3,443 | 3,070 | ||||||||
Write-downs on other real estate | - | 1,669 | ||||||||
Nonaccrual loan interest | 539 | 527 | ||||||||
Deferred compensation & profit sharing accrual | 173 | 551 | ||||||||
Investments | 468 | 457 | ||||||||
Section 597 gain - FDIC-assisted acquisition | 1,214 | -119 | ||||||||
Accrued Expenses | 812 | - | ||||||||
Other | 43 | -51 | ||||||||
Total deferred tax assets | 26,829 | 38,024 | ||||||||
Deferred tax liabilities: | ||||||||||
Accumulated depreciation | -2,476 | -2,835 | ||||||||
Amortizable assets | -614 | -749 | ||||||||
Dividend - Equity vs. Cost Method | -316 | -492 | ||||||||
Prepaid expenses | -188 | -254 | ||||||||
FHLB stock dividends | -192 | -220 | ||||||||
Stock-based compensation | -6 | -216 | ||||||||
Total deferred tax liabilities | -3,792 | -4,766 | ||||||||
Deferred taxes (payable) receivable on investment | ||||||||||
securities available for sale | 1,900 | -1,075 | ||||||||
Net deferred tax asset | $ | 24,937 | $ | 32,183 | ||||||
We or one of our subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are no longer subject to U.S. federal or state tax examinations for years before 2010. On February 15, 2012, we were notified by the Internal Revenue Service that the 2009 income tax filing was under audit and on January 14, 2013, we received final notice that the examination was completed with no adjustments proposed. Additionally, as procedurally required, our company’s 2010 and 2011 federal returns were examined in connection with the 2011 net operating loss carryback and no adjustments were required. | ||||||||||
Unrecognized Tax Benefits – ASC 740, Income Taxes, provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest and penalties. As of December 31, 2013, we have no unrecognized tax benefits related to Federal or State income tax matters and do not anticipate any changes within the next twelve months. Additionally, no interest and penalties have been accrued related to uncertain tax positions. | ||||||||||
Shareholders_Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Shareholders' Equity [Abstract] | ' |
Shareholders' Equity | ' |
Note 12: Shareholders’ Equity | |
On December 5, 2008, we issued to the United States Department of the Treasury (the “Treasury Department”) 70,000 shares of Fixed Rate Cumulative Preferred Stock, Series B, par value $1,000 per share (the “Series B Preferred Stock”), having a liquidation amount per share equal to $1,000, for a total price of $70.0 million. The Series B Preferred Stock paid cumulative dividends at a rate of 5% per year for the first 5 years and thereafter at a rate of 9% per year. As part of its purchase of the Series B Preferred Stock, the Treasury Department received a warrant to purchase 703,753 shares of common stock at an initial per share exercise price of $14.92. The warrant expires ten years from the issuance date. Pursuant to the Securities Purchase Agreement, the Treasury Department agreed not to exercise voting power with respect to any shares of common stock issued upon exercise of the warrant. | |
We allocated $66.3 million to the Series B Preferred Stock and $3.7 million to the warrant based on their relative fair values at the issue date. The amount allocated to the warrant was accreted over the estimated life of the Series B Preferred Stock using five years. Such accretion for the year ended December 31, 2013 was $0 million and $1.5 million for the year ended December 31, 2012, and $0.7 million for December 31, 2011. | |
In August 2012, we repurchased from the Treasury Department all 70,000 outstanding shares of our Series B Preferred Stock. As a result of the repurchase, we took a one-time, non-cash equity charge of approximately $1.2 million to reflect accelerated accretion of the remaining discount on the Series B Preferred. | |
On May 29, 2013, we repurchased the warrant issued to the Treasury Department as part of the TARP Capital Purchase Program (CPP) for a purchase price of $2.3 million. The repurchase of the warrant completed our repurchase of all securities issued to the Treasury in connection with the CPP. | |
We have reserved for issuance 150,000 shares of common stock pursuant to the terms of the Employee Stock Purchase Plan. The Employee Stock Purchase Plan allows our employees to acquire additional common shares through payroll deductions. From July 1999 to August 2009, shares issued out of this plan came from treasury shares, subsequent shares issued came from the reserved shares. As of December 31, 2013, 56,136 new shares had been issued and 52,500 treasury shares had been reissued under this plan. | |
We have reserved 800,000 shares of common stock pursuant to the terms of the 2008 Stock Plan. The 2008 Stock Plan provides selected key employees with the opportunity to acquire common stock. As of December 31, 2013, 323,927 new shares had been issued and 25,725 treasury shares had been reissued by the 2008 Stock Plan. | |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share | ' | ||||||||
Note 13: Earnings per Common Share | |||||||||
The following table shows the computation of basic and diluted earnings per common share: | |||||||||
(Dollars in thousands, except earnings per share data) | 2013 | 2012 | 2011 | ||||||
Numerator: | |||||||||
Net income (loss) | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
Preferred dividend | - | -2,196 | -3,522 | ||||||
Warrant amortization | - | -1,545 | -731 | ||||||
Net income (loss) available to common shareholders | 17,435 | 12,446 | -72,548 | ||||||
Earnings allocated to participating securities | -139 | - | - | ||||||
Numerator for basic earnings per common share | $ | 17,296 | $ | 12,446 | $ | -72,548 | |||
Effect of reallocating undistributed earnings | |||||||||
of participating securities | 139 | - | - | ||||||
Numerator for diluted earnings per common share | $ | 17,435 | $ | 12,446 | $ | -72,548 | |||
Denominator: | |||||||||
Denominator for basic earnings per common share | 19,516,776 | 19,374,098 | 19,414,231 | ||||||
Dilutive effect of stock compensation | 87,469 | - | - | ||||||
Denominator for diluted earnings per common share | 19,604,245 | 19,374,098 | 19,414,231 | ||||||
Earnings per common share: | |||||||||
Basic | $ | 0.89 | $ | 0.64 | $ | -3.73 | |||
Diluted | $ | 0.89 | $ | 0.64 | $ | -3.73 | |||
Capital_Requirements_and_Regul
Capital Requirements and Regulatory Matters | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Capital Requirements And Regulatory Matters [Abstract] | ' | |||||||||||||||||
Capital Requirements And Regulatory Matters | ' | |||||||||||||||||
Note 14: Capital Requirements and Regulatory Matters | ||||||||||||||||||
We and Bank SNB are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our and Bank SNB’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we and Bank SNB must meet specific capital guidelines that involve quantitative measures of our and Bank SNB’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Our and Bank SNB’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require us and Bank SNB to maintain minimum amounts of Total and Tier I Capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I Capital (as defined) to average assets (as defined). | ||||||||||||||||||
Management believes that, as of December 31, 2013, we and Bank SNB met all capital adequacy requirements and that as of December 31, 2012, we, Stillwater National, and Bank of Kansas met all capital adequacy requirements. | ||||||||||||||||||
As of December 31, 2013, Bank SNB was categorized as well-capitalized under the regulatory framework for prompt corrective action. As of December 31, 2012, Stillwater National and Bank of Kansas were categorized as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, the Bank must maintain minimum Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the following table. | ||||||||||||||||||
A summary of actual capital amounts and ratios as of December 31, 2013 are presented below. | ||||||||||||||||||
To Be Well Capitalized | ||||||||||||||||||
Under Prompt Corrective | For Capital | |||||||||||||||||
Actual | Action Provisions | Adequacy Purposes | ||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||
As of December 31, 2013: | ||||||||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | $ | 310,867 | 21.59 | % | $ | N/A | N/A | % | $ | 115,194 | 8.00 | % | ||||||
Bank SNB | 284,388 | 19.83 | 143,413 | 10.00 | 114,730 | 8.00 | ||||||||||||
Tier I Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | 292,051 | 20.28 | N/A | N/A | 57,597 | 4.00 | ||||||||||||
Bank SNB | 266,132 | 18.56 | 86,048 | 6.00 | 57,365 | 4.00 | ||||||||||||
Tier I Leverage (to average assets) | ||||||||||||||||||
Southwest | 292,051 | 14.86 | N/A | N/A | 78,597 | 4.00 | ||||||||||||
Bank SNB | 266,132 | 13.62 | 97,719 | 5.00 | 78,175 | 4.00 | ||||||||||||
A summary of actual capital amounts and ratios of Stillwater National and Bank of Kansas as of December 31, 2012 are presented below. | ||||||||||||||||||
To Be Well Capitalized | ||||||||||||||||||
Under Prompt Corrective | For Capital | |||||||||||||||||
Actual | Action Provisions | Adequacy Purposes | ||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||
As of December 31, 2012: | ||||||||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | $ | 339,964 | 21.56 | % | $ | N/A | N/A | % | $ | 126,122 | 8.00 | % | ||||||
Stillwater National | 269,323 | 19.55 | 137,793 | 10.00 | 110,234 | 8.00 | ||||||||||||
Bank of Kansas | 33,356 | 18.37 | 18,161 | 10.00 | 14,529 | 8.00 | ||||||||||||
Tier I Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | 319,665 | 20.28 | N/A | N/A | 63,061 | 4.00 | ||||||||||||
Stillwater National | 236,705 | 17.18 | 82,676 | 6.00 | 55,117 | 4.00 | ||||||||||||
Bank of Kansas | 31,064 | 17.10 | 10,896 | 6.00 | 7,264 | 4.00 | ||||||||||||
Tier I Leverage (to average assets) | ||||||||||||||||||
Southwest | 319,665 | 15.01 | N/A | N/A | 85,201 | 4.00 | ||||||||||||
Stillwater National | 236,705 | 13.14 | 90,088 | 5.00 | 72,070 | 4.00 | ||||||||||||
Bank of Kansas | 31,064 | 10.02 | 15,506 | 5.00 | 12,405 | 4.00 | ||||||||||||
The approval of the OCC is required if the total of all dividends declared by Bank SNB in any calendar year exceeds the total of its net profits of that year combined with its retained net profits of the preceding two years. In addition, Bank SNB may not pay a dividend if, after paying the dividend, Bank SNB would be undercapitalized. For the year ended December 31, 2013, Bank SNB declared $19.5 million in dividends. For the year ended December 31, 2012, Bank SNB declared $65.0 million in dividends, and no dividends were declared by Bank SNB for the year ended December 31, 2011. | ||||||||||||||||||
Employee_Benefits
Employee Benefits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Employee Benefits [Abstract] | ' | ||||||||
Employee Benefits | ' | ||||||||
Note 15: Employee Benefits | |||||||||
We sponsor a 401(k) defined contribution savings plan. The plan covers all employees who have completed one year of service and have attained the age of 21. The plan is subject to the Employee Retirement Income Security Act of 1974, as amended. This plan permits participants to make before or after-tax contributions in an amount not exceeding 90% of eligible compensation and subject to dollar limits from Internal Revenue Service regulations. We will make an annual nonelective contribution of 3% of eligible compensation. We made contributions of $1.0 million and $0.7 million in 2013 and 2012, respectively. | |||||||||
Stock Options – We recorded no share-based compensation expense with respect to stock options for the years ended December 31, 2013 and 2012. The share-based compensation is calculated using the accrual method, which treats each vesting tranche as a separate award and amortizes expense evenly from grant date to vest date for each tranche. The amortization of stock-based compensation reflects actual forfeitures, and as of December 31, 2013, there was no unrecognized compensation expense. The deferred tax asset that was recorded related to this compensation expense was approximately $0 for tax years 2013 and 2012 and $92,000 for tax year 2011. | |||||||||
We have computed the estimated fair values of all share-based compensation using the Black-Scholes option pricing model. No options were granted in 2013, 2012, or in 2011. | |||||||||
A summary of option activity under the Stock Plans as of December 31, 2013 and changes during the three-year period then ended is presented below. | |||||||||
Weighted | |||||||||
Weighted | Average Aggregate | ||||||||
Average | Remaining | Intrinsic | |||||||
Number of | Exercise | Contractual | Value (dollars | ||||||
Options | Price | Life (Years) | in thousands) | ||||||
Outstanding at December 31, 2010 | 202,215 | $ | 24.00 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -128,401 | 23.59 | |||||||
Outstanding at December 31, 2011 | 73,814 | $ | 24.72 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -68,814 | 25.28 | |||||||
Outstanding at December 31, 2012 | 5,000 | $ | 16.93 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -5,000 | 16.93 | |||||||
Outstanding at December 31, 2013 | - | $ | - | - | - | ||||
Total exercisable at December 31, 2011 | 73,814 | $ | 24.72 | ||||||
Total exercisable at December 31, 2012 | 5,000 | $ | 16.93 | ||||||
Total exercisable at December 31, 2013 | - | $ | - | - | |||||
No stock options were exercised in 2013, 2012 and 2011. | |||||||||
Restricted Stock - Restricted shares granted as of December 31, 2013, 2012 and 2011 was 401,844, 200,798, and 120,298, respectively. We recognized $0.7 million for the year ended December 31, 2013 and $0.1 million for the year ended December 31, 2012 and $0.2 million for the year ended December 31, 2011, in compensation expense, net of tax, related to all restricted shares outstanding. At December 31, 2013, there was $0.7 million of total unrecognized compensation expense related to restricted shares granted under the 2008 Stock Plan. Of the total unrecognized compensation expense at December 31, 2013, $0.4 million will be recognized in 2014, and the remainder will be recognized the following three years. | |||||||||
The 2013 and 2012 grants of restricted stock have a vesting period between six months to 3 years. The restrictions on the shares expire one year after the award date or upon a change in control of us (subject to the prohibition on parachute payments imposed by the American Reinvestment and Recovery Act) or the permanent and total disability or death of the participant. We recognize compensation expense over the restricted period. | |||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Note 16: Related Party Transactions | |
Directors and officers of us and Bank SNB were customers of, and had transactions with, us in the ordinary course of business, and similar transactions are expected in the future. All loans included in such transactions were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and in management’s opinion did not involve more than normal risk of loss or present other unfavorable features. Certain directors, and companies in which they have ownership interests, had indebtedness to us totaling $3.2 million and $3.7 million at December 31, 2013 and 2012, respectively. During 2013, $9.4 million of new loans and advances on existing loans were made to these persons and repayments totaled $9.9 million. | |
At December 31, 2013 and 2012, directors, officers and other related parties had demand, non-interest bearing deposits of $1.7 million and $2.4 million, respectively, savings and interest-bearing transaction accounts of $17.0 million and $12.3 million, respectively, and time certificates of deposit of $0.7 million and $0.8 million, respectively. | |
Off_Balance_Sheet_Arrangements
Off Balance Sheet Arrangements, Commitments, Guarantees, And Contractual Obligations | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Off-Balance-Sheet Arrangments, Commitments, Guarantees And Contingencies [Abstract] | ' | |||||
Off-Balance-Sheet Arrangements, Commitments, Guarantees And Contingencies | ' | |||||
Note 17: Off-Balance-Sheet Arrangements, Commitments, Guarantees and Contingencies | ||||||
Financial Instruments with Off-Balance-Sheet Risk – In the normal course of business, we make use of a number of different financial instruments to help meet the financial needs of our customers. In accordance with U.S. generally accepted accounting principles, these transactions are not presented in the accompanying consolidated financial statements and are referred to as off-balance sheet instruments. These transactions and activities include commitments to extend lines of commercial and real estate mortgage credit and standby and commercial letters of credit. | ||||||
The following table provides a summary of our off-balance sheet financial instruments: | ||||||
At December 31, | ||||||
(Dollars in thousands) | 2013 | 2012 | ||||
Commitments to extend commercial and real estate mortgage credit | $ | 323,925 | $ | 248,337 | ||
Standby and commercial letters of credit | 5,800 | 6,744 | ||||
Total | $ | 329,725 | $ | 255,081 | ||
A loan commitment is a binding contract to lend up to a maximum amount for a specified period of time provided there is no violation of any financial, economic, or other terms of the contract. A standby letter of credit obligates us to honor a financial commitment to a third party should our customer fail to perform. Many loan commitments and most standby letters of credit expire unfunded, and, therefore, total commitments do not represent our future funding obligations. Loan commitments and letters of credit are made under normal credit terms, including interest rates and collateral prevailing at the time, and usually require the payment of a fee by the customer. Commercial letters of credit are commitments generally issued to finance the movement of goods between buyers and sellers. Our exposure to credit loss, assuming commitments are funded, in the event of nonperformance by the other party to the financial instrument is represented by the contractual amount of those instruments. We do not anticipate any material losses as a result of the commitments. | ||||||
Litigation – In the normal course of business, we are at all times subject to various pending and threatened legal actions. The relief or damages sought in some of these actions may be substantial. After reviewing pending and threatened actions with counsel, management considers that the outcome of such actions will not have a material adverse effect on our financial position; however, we are not able to predict whether the outcome of such actions may or may not have a material adverse effect on results of operations in a particular future period as the timing and amount of any resolution of such actions and relationship to the future results of operations are not known. | ||||||
Severance Compensation Plan and Change in Control Agreements – We have adopted a Severance Compensation Plan and a Change of Control Agreement (the “Plans”) for the benefit of certain officers and key members of management. The Plan’s purpose is to protect and retain certain qualified employees in the event of a change in control and to reward those qualified employees for loyal service to us by providing severance compensation to them upon their involuntary termination of employment after a change in control of Southwest. At December 31, 2013, we have not recorded any amounts in the Consolidated Financial Statements relating to the Plans. If a change of control were to occur, the maximum amount payable to certain officers and key members of management would approximate $4.8 million. | ||||||
Operating_Segments
Operating Segments | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Operating Segments [Abstract] | ' | |||||||||||||||||
Operating Segments | ' | |||||||||||||||||
Note 18: Operating Segments | ||||||||||||||||||
We operate five principal segments: Oklahoma Banking, Texas Banking, Kansas Banking, Mortgage Banking, and Other Operations. The Oklahoma Banking segment, the Texas Banking segment, and the Kansas Banking segment provide deposit and lending services. The Mortgage Banking segment consists of residential mortgage lending services to customers. Prior to 2013, the Mortgage Banking segment included all loans available for sale in the secondary market. This adjustment had an immaterial impact on interest income for 2012 and 2011. Other Operations includes our funds management unit and corporate investments. | ||||||||||||||||||
The primary purpose of the funds management unit is to manage our overall internal liquidity needs and interest rate risk. Each segment borrows funds from or provides funds to the funds management unit as needed to support its operations. The value of funds provided to and the cost of funds borrowed from the funds management unit by each segment are internally priced at rates that approximate market rates for funds with similar duration. The yield used in the funds transfer pricing curve is a blend of rates based on the volume usage of retail and brokered certificates of deposit and Federal Home Loan Bank advances. | ||||||||||||||||||
Effective January 1, 2013, and as a result of new management, we began to identify reportable segments by geographic location of relationship manager. Operating results are adjusted for allocated service and management costs. In addition to this realignment, management decided to eliminate a capital credit allocation between the reportable segments. The prior year information has been realigned and reallocated for consistency with current identified reportable segments. | ||||||||||||||||||
The accounting policies of each reportable segment are the same as ours. Expenses for consolidated back-office operations are allocated to operating segments based on estimated uses of those services. General overhead expenses such as executive administration, accounting, and audit are allocated based on the direct expense and/or deposit and loan volumes of the operating segment. Income tax expense for the operating segments is calculated at statutory rates. The Other Operations segment records the tax expense or benefit necessary to reconcile to the consolidated financial statements. | ||||||||||||||||||
Capital is assigned to each of the segments using a risk-based capital pricing methodology that assigns capital ratios by asset, deposit, or revenue category based on credit risk, interest rate risk, market risk, operational risk, and liquidity risk factors. | ||||||||||||||||||
The following table summarizes financial results by operating segment: | ||||||||||||||||||
For the year ended December 31,2013 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 34,725 | $ | 18,949 | $ | 10,527 | $ | 670 | $ | -2,221 | $ | 62,650 | ||||||
Provision for loan losses | -486 | -6,403 | -472 | 148 | 4 | -7,209 | ||||||||||||
Noninterest income | 6,943 | 1,305 | 1,944 | 2,701 | 750 | 13,643 | ||||||||||||
Noninterest expenses | 28,000 | 9,494 | 11,898 | 2,287 | 3,632 | 55,311 | ||||||||||||
Income (loss) before taxes | 14,154 | 17,163 | 1,045 | 936 | -5,107 | 28,191 | ||||||||||||
Taxes on income | 5,400 | 6,548 | 399 | 357 | -1,948 | 10,756 | ||||||||||||
Net income (loss) | $ | 8,754 | $ | 10,615 | $ | 646 | $ | 579 | $ | -3,159 | $ | 17,435 | ||||||
* Includes externally generated loss of $1.6 million, primarily from investing services, and an internally generated revenue of $0.1 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 85 | $ | $ | $ | $ | $ | - | $ | $ | $ | 1,855 | ||||||
9 | 8 | 1,753 | ||||||||||||||||
Total loans at period end | 681,991 | 366,697 | 198,992 | 23,215 | 8 | 1,270,903 | ||||||||||||
Total assets at period end | 686,736 | 361,058 | 203,631 | 26,162 | 703,836 | 1,981,423 | ||||||||||||
Total deposits at period end | 1,113,715 | 207,227 | 247,884 | 1,895 | 13,365 | 1,584,086 | ||||||||||||
For the year ended December 31,2012 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 37,954 | $ | 25,190 | $ | 9,685 | $ | 1,370 | $ | 2,364 | $ | 76,563 | ||||||
Provision for loan losses | 448 | 5,364 | -2,705 | - | - | 3,107 | ||||||||||||
Noninterest income | 7,697 | 1,854 | 2,440 | 2,771 | 1,174 | 15,936 | ||||||||||||
Noninterest expenses | 29,406 | 12,848 | 13,767 | 2,430 | 4,871 | 63,322 | ||||||||||||
Income (loss) before taxes | 15,797 | 8,832 | 1,063 | 1,711 | -1,333 | 26,070 | ||||||||||||
Taxes on income | 5,989 | 3,348 | 403 | 649 | -506 | 9,883 | ||||||||||||
Net income (loss) | $ | 9,808 | $ | 5,484 | $ | 660 | $ | 1,062 | $ | -827 | $ | 16,187 | ||||||
* Includes externally generated revenue of $0.8 million, primarily from investing services, and an internally generated revenue of $2.8 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 178 | $ | $ | $ | $ | $ | - | $ | $ | $ | 1,619 | ||||||
71 | 8 | 1,362 | ||||||||||||||||
Total loans at period end | 652,121 | 520,481 | 174,451 | 31,682 | - | 1,378,735 | ||||||||||||
Total assets at period end | 664,607 | 515,675 | 178,291 | 34,304 | 729,378 | 2,122,255 | ||||||||||||
Total deposits at period end | 1,254,348 | 166,919 | 270,368 | 2,420 | 15,523 | 1,709,578 | ||||||||||||
For the year ended December 31,2011 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 43,005 | $ | 29,820 | $ | 12,414 | $ | 1,438 | $ | 9,655 | $ | 96,332 | ||||||
Provision for loan losses | 27,087 | 98,335 | 6,679 | - | - | 132,101 | ||||||||||||
Noninterest income | 7,781 | 1,856 | 2,065 | 1,297 | 1,019 | 14,018 | ||||||||||||
Noninterest expenses | 36,402 | 28,727 | 19,131 | 2,121 | 3,820 | 90,201 | ||||||||||||
Income (loss) before taxes | -12,703 | -95,386 | -11,331 | 614 | 6,854 | -111,952 | ||||||||||||
Taxes on income | -4,955 | -37,196 | -4,419 | 240 | 2,673 | -43,657 | ||||||||||||
Net income (loss) | $ | -7,748 | $ | -58,190 | $ | -6,912 | $ | 374 | $ | 4,181 | $ | -68,295 | ||||||
* Includes externally generated revenue of $2.8 million, primarily from investing services, and an internally generated revenue of $7.9 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 366 | $ | 3 | $ | 193 | $ | 5 | $ | 1,119 | $ | 1,686 | ||||||
Total loans at period end | 858,212 | 653,199 | 213,382 | 38,695 | - | 1,763,488 | ||||||||||||
Total assets at period end | 888,839 | 653,146 | 219,481 | 40,876 | 574,934 | 2,377,276 | ||||||||||||
Total deposits at period end | 1,406,361 | 156,101 | 276,757 | 1,430 | 80,733 | 1,921,382 | ||||||||||||
Parent_Company_Condensed_Finan
Parent Company Condensed Financial Information | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Parent Company Condensed Financial Information [Abstract] | ' | ||||||||
Parent Company Condensed Financial Information | ' | ||||||||
Note 19: Parent Company Condensed Financial Information | |||||||||
Following are the condensed financial statements of Southwest Bancorp, Inc. (“Parent Company only”) for the periods indicated: | |||||||||
At December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Statements of Financial Condition | |||||||||
Assets: | |||||||||
Cash and cash equivalents | $ | 12,039 | $ | 18,245 | |||||
Investment in subsidiary banks | 273,849 | 293,573 | |||||||
Investments in other subsidiaries | 8,284 | 9,355 | |||||||
Investment securities, available for sale | 3,161 | 2,462 | |||||||
Other assets | 10,909 | 8,391 | |||||||
Total | $ | 308,242 | $ | 332,026 | |||||
Liabilities: | |||||||||
Subordinated debentures | 46,393 | 81,963 | |||||||
Other liabilities | 2,660 | 4,007 | |||||||
Shareholders' Equity: | |||||||||
Common stock and related accounts | 259,189 | 246,056 | |||||||
Total | $ | 308,242 | $ | 332,026 | |||||
For the Year Ended December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||
Statements of Operations | |||||||||
Income: | |||||||||
Cash dividends from subsidiaries | $ | 19,625 | $ | 70,175 | $ | 160 | |||
Noninterest income | 333 | 595 | 774 | ||||||
Investment income | 243 | 340 | 31 | ||||||
Other operating income | - | - | 45 | ||||||
Total income | 20,201 | 71,110 | 1,010 | ||||||
Expense: | |||||||||
Interest on subordinated debentures | 4,168 | 5,463 | 5,306 | ||||||
Noninterest expense | 1,808 | 3,187 | 2,107 | ||||||
Total expense | 5,976 | 8,650 | 7,413 | ||||||
Total income (loss) before taxes and equity in | |||||||||
undistributed income of subsidiaries | 14,225 | 62,460 | -6,403 | ||||||
Taxes on income | -2,027 | -2,900 | -2,563 | ||||||
Income (loss) before equity in undistributed | |||||||||
income of subsidiaries | 16,252 | 65,360 | -3,840 | ||||||
Equity in undistributed income (loss) of subsidiaries | 1,183 | -49,173 | -64,455 | ||||||
Net income (loss) | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
For the Year Ended December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||
Statements of Cash Flows | |||||||||
Operating activities: | |||||||||
Net income | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
Equity in undistributed income of subsidiaries | -1,183 | 49,173 | 64,455 | ||||||
Other, net | -2,341 | -5,437 | 499 | ||||||
Net cash provided by (used in) operating activities | 13,911 | 59,923 | -3,341 | ||||||
Investing activities: | |||||||||
Available for sale securities: | |||||||||
Purchases | - | -247 | -724 | ||||||
Sales / Maturities | 32 | - | 46 | ||||||
Investment in/capital contribution to other subsidiaries | 15,000 | - | - | ||||||
Net cash used in investing activities | 15,032 | -247 | -678 | ||||||
Financing activities: | |||||||||
Net proceeds from issuance of common stock | 2,708 | 925 | 278 | ||||||
Proceeds from issuance of subordinated debentures | -35,570 | - | - | ||||||
Preferred stock dividend | - | -74,330 | -1,751 | ||||||
Other, net | -2,287 | -76 | - | ||||||
Net cash provided by (used in) financing activities | -35,149 | -73,481 | -1,473 | ||||||
Net increase (decrease) in cash and cash equivalents | -6,206 | -13,805 | -5,492 | ||||||
Cash and cash equivalents, | |||||||||
Beginning of year | 18,245 | 32,050 | 37,542 | ||||||
End of year | $ | 12,039 | $ | 18,245 | $ | 32,050 | |||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Note 20: Subsequent Events | |
On January 16, 2014 we announced the execution of agreements to sell branch banks in Anthony, Harper and Overland Park, Kansas. Bank branches in Anthony and Harper, Kansas, with $123 million in combined total deposits, will be purchased by BancCentral, National Association, in Alva, Oklahoma. The Overland Park branch, with $11 million in deposits, will be purchased by Fidelity Bank, in Wichita, Kansas. The transactions are expected to be completed during the second quarter of 2014, subject to regulatory approvals and other customary terms and conditions. The banking offices will continue to be staffed by the current employees of each market. | |
New_Authoritative_Accounting_G
New Authoritative Accounting Guidance | 12 Months Ended |
Dec. 31, 2013 | |
New Authoritative Accounting Guidance [Abstract] | ' |
New Authoritative Accounting Guidance | ' |
Note 21: New Authoritative Accounting Guidance | |
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2011-11, Balance Sheet (Topic 201) – Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). ASU 2011-11 amends Topic 210, “Balance Sheet,” to require an entity to disclose both gross and net information about financial instruments, such as sales and repurchase agreements and reverse sale and repurchase agreements and securities borrowing/lending arrangements, and derivative instruments that are eligible for offset in the statement of financial position and/or subject to a master netting arrangement or similar agreement. In January 2013, FASB issued Accounting Standards Update No. 2013-01 Balance Sheet (Topic 210) – Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”) which clarifies that ordinary trade receivables are not within the scope of ASU 2011-11. ASU 2011-11, as amended by ASU 2013-01, became effective for us on January 1, 2013 and did not have a significant impact on the financial statements. | |
In October 2012, FASB issued Accounting Standards Update No. 2012-06, Business Combinations (Topic 805) – Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a financial Institution (“ASU 2012-06”). ASU 2012-06 requires that when a reporting entity initially recognizes an indemnification asset (in accordance with Subtopic 805-20, Business Combinations—Identifiable Assets and Liabilities, and Any Noncontrolling Interest) as a result of a government-assisted acquisition of a financial institution and subsequently a change in the cash flows expected to be collected on the indemnification asset occurs, the reporting entity would be required to account for the change in the measurement of the indemnification asset on the same basis as the change in the assets subject to indemnification. Any amortization of changes in value of the indemnification asset would be limited to the contractual term of the indemnification agreement (that is, the lesser of the term of the indemnification agreement and the remaining term of the indemnified assets). The amendments resulting from ASU 2012-06 would be applied prospectively to any new indemnification assets acquired and to changes in expected cash flows of existing indemnification assets occurring on or after the date of adoption. The guidance became effective for us on January 1, 2013 and did not have a significant impact on the financial statements. | |
In February 2013, FASB issued Accounting Standard Update No. 2013-02, Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 became effective for us on January 1, 2013 and did not have a significant impact on the financial statements. | |
Summary_Of_Significant_Account
Summary Of Significant Accounting And Reporting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Significant Accounting And Reporting Policies [Abstract] | ' |
Organization and Nature of Operations | ' |
Organization and Nature of Operations – Southwest Bancorp Inc. (“we”, “our”, “us”, or “Southwest”), incorporated in 1981, is a financial holding company headquartered in Stillwater, Oklahoma engaged primarily in commercial and consumer banking services in the states of Oklahoma, Texas, and Kansas. The accompanying consolidated financial statements include the accounts of Bank SNB, a national bank established in 1894, and SNB Capital Corporation, a lending and loan workout subsidiary established in 2009, and consolidated subsidiaries of Bank SNB, including SNB Real Estate Holdings, Inc. Bank SNB and SNB Capital Corporation are wholly owned, direct subsidiaries of ours. All significant intercompany balances and transactions have been eliminated in consolidation. | |
Basis of Presentation | ' |
Basis of Presentation – The accounting and reporting policies conform to accounting principles generally accepted in the United States and to generally accepted practices within the banking industry. The Consolidated Financial Statements include the accounts of Southwest and all other entities in which we have a controlling financial interest. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
We have evaluated subsequent events for potential recognition and disclosure through the issue date of the Consolidated Financial Statements included in this Annual Report on Form 10-K. See further discussion of subsequent events at “Note 20 – Subsequent Events”. | |
Management Estimates | ' |
Management Estimates – In preparing our financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates shown on the consolidated statements of financial condition and revenues and expenses during the periods reported. Actual results could differ significantly from those estimates. Changes in economic conditions could affect the determination of material estimates such as the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, income taxes, and the fair value of financial instruments. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents – For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions, and federal funds sold. Interest-bearing balances held at depository institutions were $251.8 million at December 31, 2013 and $243.0 million at December 31, 2012. Federal funds sold are sold for one-to-four day periods. | |
Cash paid for interest totaled $11.5 million in 2013, $19.2 million in 2012, and $26.5 million in 2011. Cash paid for income taxes totaled $0.4 million in 2013, $1.0 million in 2012, and $5.9 million in 2011. Noncash transactions included transfer of loans to other real estate totaling $0.9 million in 2013, $2.6 million in 2012, and $62.3 million in 2011. | |
Bank SNB is required by the Federal Reserve Bank (“FRB”) to maintain average reserve balances. Cash and cash equivalents in the Consolidated Statements of Financial Condition include restricted amounts of $1.8 million and $3.0 million at December 31, 2013 and December 31, 2012, respectively. | |
Investment Securities | ' |
Investment Securities – Investments in debt and equity securities are identified as held to maturity or available for sale based on management considerations of asset/liability strategy, changes in interest rates and prepayment risk, the need to increase liquidity, and other factors, including management’s intent and ability to hold securities to maturity. We have the ability and intent to hold to maturity our investment securities classified as held to maturity. We had no investments held for trading purposes for any period presented. Under certain circumstances (including the deterioration of the issuer’s creditworthiness, a change in tax law, or statutory or regulatory requirements), we may change the investment security classification. The classifications we utilize determine the related accounting treatment for each category of investments. Available for sale securities are accounted for at fair value with unrealized gains or losses, net of taxes, excluded from operations and reported as accumulated other comprehensive income or loss. Held to maturity securities are accounted for at amortized cost. Securities with limited marketability, such as Federal Reserve Bank stock, Federal Home Loan Bank stock, and certain other investments, are carried at cost and included in other assets. | |
All investment securities are adjusted for amortization of premiums and accretion of discounts. Amortization of premiums and accretion of discounts are recorded to operations over the contractual maturity or estimated life of the individual investment on the level yield method. Gain or loss on sale of investments is based upon the specific identification method. Income earned on our investments in state and political subdivisions generally is not subject to ordinary Federal income tax. | |
In accordance with authoritative accounting guidance under ASC 320, Debt and Equity Securities, declines in fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. Under this guidance, we evaluate investment securities for other-than-temporary impairment on at least a quarterly basis, or more frequently when economic or market conditions warrant such an evaluation. | |
Federal Reserve Bank and Federal Home Loan Bank Stock | ' |
Federal Reserve Bank and Federal Home Loan Bank Stock – Bank SNB is a member of its regional FRB and Federal Home Loan Bank (“FHLB”) system. FHLB members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional accounts. Both FRB and FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |
Loans | ' |
Loans – Interest on loans is accrued and credited to operations based upon the principal amount outstanding. Loan origination fees and certain costs of originated loans are amortized as an adjustment to the yield over the term of the loan. Net unamortized deferred loan fees were $0.1 million at December 31, 2013 and 2012. Loans are reported at the principal balance outstanding net of the unamortized deferred loan fees. | |
In general, our policy for nonaccrual loans requires that accrued interest income on nonaccrual loans is written off after the loan is 90 days past due, and that subsequent interest income is recorded when cash receipts are received from the borrower. We identify past due loans based on contractual terms on a loan by loan basis. | |
A loan is considered to be impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. The allowance for loan losses related to loans that are evaluated for impairment is based either on the discounted cash flows using the loan’s initial effective interest rate or on the fair value of the collateral for certain collateral dependent loans. Smaller balance, homogeneous loans, including mortgage, student, and consumer, are collectively evaluated for impairment. This evaluation is inherently subjective as it requires material estimates including the amounts and timing of future cash flows expected to be received on impaired loans that may be susceptible to significant change. | |
We originate real estate mortgage loans for either portfolio investment or sale in the secondary market. During the period of origination, real estate mortgage loans are designated as held either for investment purposes or sale. Mortgage loans held for sale are generally sold within a one-month period from loan closing at amounts determined by the investor commitment based upon the pricing of the loan. We provide United States Department of Agriculture ("USDA”) government guaranteed commercial real estate lending services to rural healthcare providers. The loans are available for sale in the secondary market. | |
Loans Acquired through Transfer | ' |
Loans Acquired through Transfer – The accounting guidance of ASC 310.30, Loan and Debt Securities Acquired with Deteriorated Credit Quality, applies to loans acquired through the completion of a transfer, including loans acquired in a business combination that have evidence of deterioration of credit quality since origination and for which it is probable, at acquisition, that we will be unable to collect all contractually required payment receivables. In accordance with this guidance, these loans are initially recorded at fair value (as determined by the present value of expected future cash flows) with no valuation allowance. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield”, is recognized as interest income over the life of the loan on a method that approximates the level-yield method. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference”, are not recognized as a yield adjustment, a loss accrual, or a valuation allowance. Increases in expected cash flows subsequent to the initial investment are recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows are recognized as impairments. Valuation allowances on these impaired loans reflect only losses incurred after the acquisition. | |
Loss Share Receivable | ' |
Loss Share Receivable – Bank SNB and the FDIC entered into loss sharing agreements that provide Bank SNB with significant protection against credit losses from loans and related assets acquired in the FNBA FDIC-assisted transaction. Under these agreements, the FDIC will reimburse Bank SNB 80% of net losses up to $35.0 million on covered assets, primarily acquired loans and other real estate, and 95% of any net losses above $35.0 million. Bank SNB services the covered assets. The loss sharing agreements have terms of ten years for one-to-four family residential loans and eight years for all other loan types. The expected payments from the FDIC under the loss sharing agreements are recorded as part of the covered loans in our Consolidated Statements of Financial Condition. Assets subject to these agreements are referred to as “covered”. | |
The difference between the undiscounted expected recoveries at acquisition and the fair value of the loss share receivable is the “accretable portion” and is recognized as interest income over the estimated life of the acquired loan portfolio. The initially recorded loss share receivable represented 85% of the aggregate loan discount related to the acquired loan portfolio. Because of the relationship of the loss share receivable to the loan discount, when an adjustment is made to a loan discount to reflect changes in the expected cash flows of the loan, an adjustment to the corresponding loss share receivable attributable to that loan will also occur. | |
Allowance for Loan Losses | ' |
Allowance for Loan Losses – The allowance for loan losses is a reserve established through a provision for loan losses charged to operations. Loan amounts which are determined to be uncollectible are charged against this allowance, and recoveries, if any, are added to the allowance. The appropriate amount of the allowance is based on continuous review and evaluation of the loan portfolio and ongoing, quarterly assessments of the probable losses inherent in the loan portfolio. The allowance for loan losses is determined in accordance with regulatory guidelines and generally accepted accounting principles and is comprised of two primary components, specific and general. Allocations of the allowance for loan losses may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. | |
The specific component relates to loans that are individually classified as impaired. Loans deemed to be impaired are evaluated on an individual basis consistent with ASC 310.10.35, Receivables: Subsequent Measurement. The amount and level of the impairment allowance is ultimately determined by management’s estimate of the amount of expected future cash flows or, if the loan is collateral dependent, on the value of the collateral, which may vary from period to period depending on changes in the financial condition of the borrower or changes in the estimated value of the collateral. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and deemed as impaired, and classified as nonperforming, potential problem, or performing restructured as applicable. Charge-offs against the allowance of impaired loans are made when and to the extent the loan is deemed uncollectible. | |
The general component of the allowance is calculated based on ASC 450, Contingencies. Loans not evaluated for specific allowance are segmented into loan pools by type of loan. The commercial real estate and real estate construction pools are further segmented by the market in which the loan collateral is located. Our primary markets are Oklahoma, Texas, and Kansas, and loans secured by real estate in those states are included in the “in-market” pool, with the remaining defaulting to the “out-of-market” pool. Estimated allowances are based on historical loss trends with adjustments factored in based on qualitative risk factors both internal and external to us. The historical loss trend is determined by loan pool and segmentation and is based on the actual loss history experienced by us over the most recent three years. The qualitative risk factors include, but are not limited to, economic and business conditions, changes in lending staff, lending policies and procedures, quality of loan review, changes in the nature and volume of the portfolios, loss and recovery trends, asset quality trends, and legal and regulatory considerations. | |
Independent appraisals on real estate collateral securing loans are obtained at origination. New appraisals are obtained periodically and upon discovery of factors that may significantly affect the value of the collateral. Appraisals usually are received within 30 days of request. Results of appraisals on nonperforming and potential problem loans are reviewed promptly upon receipt and also are reviewed monthly and considered in the determination of the allowance for loan losses. We are not aware of any significant time lapses in the process that have resulted, or would result in, a significant delay in determination of a credit weakness, the identification of a loan as nonperforming, or the measurement of an impairment. | |
Management strives to carefully monitor credit quality and to identify loans that may become nonperforming. At any time, however, there are loans included in the portfolio that will result in losses but that have not been identified as nonperforming or potential problem loans. Because the loan portfolio contains a significant number of commercial and commercial real estate loans with relatively large balances, the unexpected deterioration of one or a few of such loans may cause a significant increase in nonperforming assets and may lead to a material increase in charge-offs and the provision for loan losses in future periods. | |
Liability for Credit Losses on Unfunded Loan Commitments | ' |
Liability for Credit Losses on Unfunded Loan Commitments – Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | |
The reserve for unfunded loan commitments is a liability on our Consolidated Statement of Financial Condition in other liabilities. The reserve is computed using a methodology similar to that used to determine the allowance for loan losses, modified to take into account the probability of a drawdown on the commitment. At December 31, 2013 and 2012 the balance was $2.8 million and $2.9 million, respectively. | |
Premises and Equipment | ' |
Premises and Equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are recorded on a straight-line basis over the estimated useful life of each asset. Useful lives range from 10 years to 40 years for buildings and improvements, and 3 years to 10 years for furniture, fixtures, and equipment. We review the carrying value of long-lived assets used in operations when changes in events or circumstances indicate that the assets might have become impaired. This review initially includes a comparison of carrying value to the undiscounted cash flows estimated to be generated by those assets. If this review indicates that an asset is impaired, we record a charge to operations to reduce the asset’s carrying value to fair value, which is based on estimated discounted cash flows. Long-lived assets that are held for disposal are valued at the lower of the carrying amount or fair value less costs to sell. | |
Other Real Estate | ' |
Other Real Estate – Assets acquired through or instead of loan foreclosure are considered other real estate. Other real estate is initially recorded at the lesser of the carrying value or fair value less the estimated costs to sell the asset. Write-downs of carrying value required at the time of foreclosure are recorded as a charge to the allowance for loan losses. Costs related to the development of such real estate are capitalized, and costs related to holding the property are expensed. Foreclosed property is subject to periodic revaluation based upon estimates of fair value. In determining the valuation of other real estate, management obtains independent appraisals for significant properties. Valuation adjustments are provided, as necessary, by charges to operations. Profits and losses from operations or sales of foreclosed property are recognized as incurred. At December 31, 2013 and 2012, the balances of noncovered other real estate were $0.6 million and $11.3 million, respectively. | |
Other real estate covered under the loss sharing agreements with the FDIC is reported exclusive of expected reimbursement cash flows from the FDIC. Fair value adjustments on covered other real estate result in a reduction of the covered other real estate carrying amount and a corresponding increase in the estimated FDIC reimbursement, with the estimated net loss charged against earnings. At December 31, 2013 and December 31, 2012, the balances of covered other real estate were $2.1 million and $3.6 million, respectively. | |
Goodwill and Other Intangible Assets | ' |
Goodwill and Other Intangible Assets – Intangible assets consist of goodwill, core deposit intangibles, and loan servicing rights. Goodwill and core deposit intangibles, which generally result from a business combination, are accounted for under the provisions of ASC 350, Intangibles - Goodwill and Other, and ASC 805, Business Combinations. Loan servicing rights are accounted for under the provisions of ASC 860, Transfers and Servicing. | |
Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired and is assigned to reporting units. Goodwill is not amortized, but is tested for impairment at least annually or more frequently if conditions indicate impairment. The evaluation of possible impairment involves significant judgment based upon short-term and long-term projections of future performance of each reporting unit. | |
Core deposit intangibles are amortized using an economic life method based on deposit attrition. As a result, amortization will decline over time with most of the amortization occurring during the initial years. The net book value of core deposit intangibles is evaluated for impairment when economic conditions indicate impairment may exist. | |
When real estate mortgage loans and other loans are sold with servicing retained, an intangible servicing right is initially capitalized based on estimated fair value at the point of origination with the income statement effect recorded in gains on sales of loans. The servicing rights are amortized on an individual loan by loan basis over the period of estimated net servicing income. Impairment of loan servicing rights is assessed based on the fair value of those rights. We review the carrying value of loan servicing rights quarterly for impairment. At least annually, we obtain estimates of fair value from outside sources to corroborate the results of the valuation model. At December 31, 2013 and 2012, the fair values of loan servicing rights were $3.5 million and $2.3 million, respectively. | |
Fair Value Measurements | ' |
Fair Value Measurements – ASC 820, Fair Value Measurements and Disclosure, defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and our creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. | |
Derivative Financial Instruments | ' |
Derivative Financial Instruments – Our hedging policy permits the use of various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. All derivatives are recorded at fair value on our balance sheet. | |
To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. We consider a hedge to be highly effective if the change in fair value of the derivative hedging instrument is within 80% to 125% of the opposite change in the fair value of the hedged item attributable to the hedged risk. If derivative instruments are designated as hedges of fair values, and such hedges are highly effective, both the change in the fair value of the hedge and the hedged item are included in current earnings. Fair value adjustments related to cash flow hedges are recorded in other comprehensive income and are reclassified to earnings when the hedged transaction is reflected in earnings. Ineffective portions of hedges are reflected in earnings as they occur. Actual cash receipts and/or payments and related accruals on derivatives related to hedges are recorded as adjustments to the interest income or interest expense associated with the hedged item. During the life of the hedge, we will formally assess whether derivatives designated as hedging instruments continue to be highly effective in offsetting changes in the fair value or cash flows of hedged items. If it is determined that a hedge has ceased to be highly effective, we will discontinue hedge accounting prospectively. At such time, previous adjustments to the carrying value of the hedged item are reversed into current earnings and the derivative instrument is reclassified to a trading position recorded at fair value. | |
Loan Servicing Income | ' |
Loan Servicing Income – We earn fees for servicing real estate mortgages and other loans owned by others. These fees are generally calculated on the outstanding principal balance of the loans serviced and are recorded as income when earned. | |
Taxes on Income | ' |
Taxes on Income – We file consolidated income tax returns with our subsidiaries. Income tax expense is the total of the current year income tax due or refundable, adjusted for permanent differences between items reported in the financial statements and those reported for tax purposes and the change in deferred tax assets and liabilities. Under the asset and liability method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to reverse. The net deferred tax asset is reflected as a component of other assets on the consolidated balance sheet. | |
A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. Management reviewed all evidence and concluded that a valuation allowance was not needed. | |
Earnings per Common Share | ' |
Earnings per Common Share – ASC 260, Earnings Per Share, provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. We have determined that our unvested restricted stock awards are participating securities. Accordingly, earnings per common share is computed using the two-class method prescribed by ASC 260. Using this method, basic earnings per common share is computed based upon net income available to common shareholders divided by the weighted average number of common shares outstanding during each period, which exclude the outstanding unvested restricted stock. Diluted earnings per share is computed using the weighted average number of common shares determined for the basic earnings per common share computation plus the dilutive effect of stock options using the treasury stock method. Stock options and warrants, where the exercise price was greater than the average market price of common shares, were not included in the computation of earnings per diluted share as they would have been antidilutive. For the years ended December 31, 2013, 2012, and 2011, we had 0, 5,000, and 73,814 in antidilutive options to purchase common shares, respectively. In 2013, an antidilutive warrant to purchase 703,753 shares of common stock was repurchased. This same warrant to purchase 703,753 shares of common stock was outstanding for the years ended December 31, 2012, and 2011. | |
A reconciliation of the weighted-average common shares used in the calculations of basic and diluted earnings per common share for the reported periods is provided at “Note 13 Earnings per Common Share”. | |
Share-Based Compensation | ' |
Share-Based Compensation – The Southwest Bancorp, Inc. 2008 Stock Based Award Plan (the “2008 Stock Plan”), provides selected key employees with the opportunity to acquire common stock through stock options or restricted stock awards. Compensation cost is recognized based on the fair value of these awards at the date of grant. The exercise price of all options granted under the 2008 Stock Plan is the fair market value on the grant date, while the market price of our common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Depending upon terms of the stock option agreements, stock options generally become exercisable on an annual basis and expire from five to ten years after the date of grant. | |
The 2008 Stock Plan authorized awards for up to 800,000 shares of our common stock over its ten-year term. | |
Comprehensive Income | ' |
Comprehensive Income – Our comprehensive income (net income plus all other changes in shareholders’ equity from non-equity sources) consists of our net income, the after tax effect of changes in the net unrealized gains (losses) in our available for sale securities, and changes in the accumulated gain (loss) on the effective cash flow hedging instrument. | |
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||
Summary Of Amortized Cost And Fair Values Of Investment Securities | ' | |||||||||||||
Amortized | Gross Unrealized | Fair | ||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | ||||||||||
At December 31, 2013 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 11,720 | $ | 395 | $ | - | $ | 12,115 | ||||||
Total | $ | 11,720 | $ | 395 | $ | - | $ | 12,115 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 123,332 | $ | 330 | $ | -2,889 | $ | 120,773 | ||||||
Obligations of state and political subdivisions | 33,685 | 36 | -1,085 | 32,636 | ||||||||||
Residential mortgage-backed securities | 183,512 | 1,747 | -2,089 | 183,170 | ||||||||||
Asset-backed securities | 9,578 | - | -96 | 9,482 | ||||||||||
Equity securities | 35,316 | 1,267 | -165 | 36,418 | ||||||||||
Total | $ | 385,423 | $ | 3,380 | $ | -6,324 | $ | 382,479 | ||||||
At December 31, 2012 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 12,797 | $ | 862 | $ | - | $ | 13,659 | ||||||
Total | $ | 12,797 | $ | 862 | $ | - | $ | 13,659 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 114,159 | $ | 1,474 | $ | -19 | $ | 115,614 | ||||||
Obligations of state and political subdivisions | 34,754 | 887 | -83 | 35,558 | ||||||||||
Residential mortgage-backed securities | 200,310 | 3,668 | -303 | 203,675 | ||||||||||
Asset-backed securities | 7,794 | - | -123 | 7,671 | ||||||||||
Equity securities | 1,300 | 497 | - | 1,797 | ||||||||||
Total | $ | 358,317 | $ | 6,526 | $ | -528 | $ | 364,315 | ||||||
Amortized Cost And Approximate Fair Value Of Investment Securities By Maturity Date | ' | |||||||||||||
Available for Sale | Held to Maturity | |||||||||||||
Amortized | Fair | Amortized | Fair | |||||||||||
(Dollars in thousands) | Cost | Value | Cost | Value | ||||||||||
One year or less | $ | 20,806 | $ | 21,151 | $ | 1,941 | $ | 1,957 | ||||||
More than one year through five years | 167,476 | 168,675 | 2,227 | 2,282 | ||||||||||
More than five years through ten years | 151,933 | 147,705 | 4,151 | 4,265 | ||||||||||
More than ten years | 45,208 | 44,948 | 3,401 | 3,611 | ||||||||||
Total | $ | 385,423 | $ | 382,479 | $ | 11,720 | $ | 12,115 | ||||||
Summary Of Sales Of Available For Sale Securities | ' | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||||||
Proceeds from sales | $ | 2,744 | $ | 6,588 | $ | - | ||||||||
Gross realized gains | 0 | 45 | - | |||||||||||
Gross realized losses | 0 | -10 | - | |||||||||||
Summary Of Securities With Gross Unrealized Losses And Their Fair Values | ' | |||||||||||||
Continuous Unrealized | ||||||||||||||
Amortized cost of | Loss Existing for: | Fair value of | ||||||||||||
Number of | securities with | Less Than | More Than | securities with | ||||||||||
(Dollars in thousands) | Securities | unrealized losses | 12 Months | 12 Months | unrealized losses | |||||||||
At December 31, 2013 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 24 | $ | 87,921 | $ | -2,885 | $ | -4 | $ | 85,032 | |||||
Obligations of state and political subdivisions | 20 | 31,579 | -887 | -198 | 30,494 | |||||||||
Residential mortgage-backed securities | 53 | 104,667 | -2,015 | -74 | 102,578 | |||||||||
Asset-backed securities | 3 | 9,578 | -96 | - | 9,482 | |||||||||
Other Securities | 8 | 27,728 | -165 | - | 27,563 | |||||||||
Total | 108 | $ | 261,473 | $ | -6,048 | $ | -276 | $ | 255,149 | |||||
At December 31, 2012 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 5 | $ | 9,887 | $ | -19 | $ | - | $ | 9,868 | |||||
Obligations of state and political subdivisions | 9 | 10,457 | -83 | - | 10,374 | |||||||||
Residential mortgage-backed securities | 23 | 46,787 | -288 | -15 | 46,484 | |||||||||
Asset-backed securities | 4 | 7,794 | -123 | - | 7,671 | |||||||||
Total | 41 | $ | 74,925 | $ | -513 | $ | -15 | $ | 74,397 | |||||
Loans_And_Allowance_For_Loan_L1
Loans And Allowance For Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Loans And Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||
Southwest's Loan Classifications | ' | ||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 740,997 | $ | 11,282 | $ | 870,975 | $ | 18,298 | |||||||||||
One-to-four family residential | 80,058 | 3,930 | 70,954 | 4,881 | |||||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 143,650 | 198 | 130,753 | 382 | |||||||||||||||
One-to-four family residential | 4,646 | - | 3,656 | - | |||||||||||||||
Commercial | 254,087 | 971 | 240,498 | 2,037 | |||||||||||||||
Installment and consumer: | |||||||||||||||||||
Guaranteed student loans | 4,394 | - | 4,680 | - | |||||||||||||||
Other | 26,644 | 46 | 31,512 | 109 | |||||||||||||||
1,254,476 | 16,427 | 1,353,028 | 25,707 | ||||||||||||||||
Less: Allowance for loan losses | -36,607 | -56 | -46,494 | -224 | |||||||||||||||
Total loans, net | $ | 1,217,869 | $ | 16,371 | $ | 1,306,534 | $ | 25,483 | |||||||||||
Changes In The Carrying Amounts And Accretable Yields For ASC 310.30 Loans | ' | ||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Carrying | Carrying | ||||||||||||||||||
Accretable | amount | Accretable | amount | ||||||||||||||||
(Dollars in thousands) | Yield | of loans | Yield | of loans | |||||||||||||||
Balance at beginning of period | $ | 1,904 | $ | 25,707 | $ | 2,402 | $ | 37,615 | |||||||||||
Payments received | - | -6,954 | - | -9,960 | |||||||||||||||
Transfers to other real estate / repossessed assets | -36 | -2,110 | 27 | -2,365 | |||||||||||||||
Net charge-offs | -1 | -468 | -5 | -151 | |||||||||||||||
Net reclassifications to / from nonaccretable amount | 235 | - | 192 | - | |||||||||||||||
Accretion | -505 | 252 | -712 | 568 | |||||||||||||||
Balance at end of period | $ | 1,597 | $ | 16,427 | $ | 1,904 | $ | 25,707 | |||||||||||
Recorded Investment In Loans On Nonaccrual Status | ' | ||||||||||||||||||
At December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 6,564 | $ | 1,202 | $ | 18,337 | $ | 3,087 | |||||||||||
One-to-four family residential | 456 | 57 | 563 | 52 | |||||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 2,721 | - | 3,355 | 130 | |||||||||||||||
Commercial | 8,769 | - | 12,761 | 324 | |||||||||||||||
Other consumer | 50 | - | 88 | 2 | |||||||||||||||
Total nonaccrual loans | $ | 18,560 | $ | 1,259 | $ | 35,104 | $ | 3,595 | |||||||||||
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 December 31, 2013 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 3,843 | $ | 6,564 | $ | 10,407 | $ | 730,590 | $ | 740,997 | $ | - | |||||||
One-to-four family residential | 284 | 456 | 740 | 79,318 | 80,058 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 569 | 2,721 | 3,290 | 140,360 | 143,650 | - | |||||||||||||
One-to-four family residential | - | - | - | 4,646 | 4,646 | - | |||||||||||||
Commercial | 1,998 | 8,819 | 10,817 | 243,270 | 254,087 | 50 | |||||||||||||
Other | 128 | 53 | 181 | 30,857 | 31,038 | 3 | |||||||||||||
Total - noncovered | 6,822 | 18,613 | 25,435 | 1,229,041 | 1,254,476 | 53 | |||||||||||||
Covered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | 8 | 1,202 | 1,210 | 10,072 | 11,282 | - | |||||||||||||
One-to-four family residential | 18 | 57 | 75 | 3,855 | 3,930 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | - | - | - | 198 | 198 | - | |||||||||||||
Commercial | - | - | - | 971 | 971 | - | |||||||||||||
Other | - | - | - | 46 | 46 | - | |||||||||||||
Total - covered | 26 | 1,259 | 1,285 | 15,142 | 16,427 | - | |||||||||||||
Total | $ | 6,848 | $ | 19,872 | $ | 26,720 | $ | 1,244,183 | $ | 1,270,903 | $ | 53 | |||||||
At December 31, 2012 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial | $ | 23,348 | $ | 18,337 | $ | 41,685 | $ | 829,290 | $ | 870,975 | $ | - | |||||||
One-to-four family residential | 1,479 | 1,310 | 2,789 | 68,165 | 70,954 | 747 | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | 3,501 | 3,355 | 6,856 | 123,897 | 130,753 | - | |||||||||||||
One-to-four family residential | - | - | - | 3,656 | 3,656 | - | |||||||||||||
Commercial | 7,358 | 15,232 | 22,590 | 217,908 | 240,498 | 2,471 | |||||||||||||
Other | 538 | 160 | 698 | 35,494 | 36,192 | 72 | |||||||||||||
Total - noncovered | 36,224 | 38,394 | 74,618 | 1,278,410 | 1,353,028 | 3,290 | |||||||||||||
Covered: | |||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||
Commercial real estate | 1,090 | 3,087 | 4,177 | 14,121 | 18,298 | - | |||||||||||||
One-to-four family residential | - | 52 | 52 | 4,829 | 4,881 | - | |||||||||||||
Real estate construction: | |||||||||||||||||||
Commercial | - | 130 | 130 | 252 | 382 | - | |||||||||||||
Commercial | - | 324 | 324 | 1,713 | 2,037 | - | |||||||||||||
Other | - | 2 | 2 | 107 | 109 | - | |||||||||||||
Total - covered | 1,090 | 3,595 | 4,685 | 21,022 | 25,707 | - | |||||||||||||
Total | $ | 37,314 | $ | 41,989 | $ | 79,303 | $ | 1,299,432 | $ | 1,378,735 | $ | 3,290 | |||||||
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 December 31, 2013 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 32,284 | $ | 32,784 | $ | 15,446 | $ | 15,729 | $ | 4,012 | |||||||||
One-to-four family residential | 456 | 576 | - | - | - | ||||||||||||||
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 noncovered | $ | 33,948 | $ | 34,726 | $ | 27,305 | $ | 33,171 | $ | 7,939 | |||||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 5,793 | $ | 6,760 | $ | 457 | $ | 457 | $ | 3 | |||||||||
One-to-four family residential | 54 | 54 | 42 | 94 | 4 | ||||||||||||||
Total covered | $ | 5,847 | $ | 6,814 | $ | 499 | $ | 551 | $ | 7 | |||||||||
At December 31, 2012 | |||||||||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 29,425 | $ | 30,340 | $ | 24,630 | $ | 27,397 | $ | 5,094 | |||||||||
One-to-four family residential | 563 | 653 | 7 | 7 | 7 | ||||||||||||||
Real estate construction | 3,970 | 7,841 | 232 | 256 | 50 | ||||||||||||||
Commercial | 3,337 | 6,975 | 13,422 | 13,448 | 6,492 | ||||||||||||||
Other | 7 | 8 | 81 | 100 | 81 | ||||||||||||||
Total noncovered | $ | 37,302 | $ | 45,817 | $ | 38,372 | $ | 41,208 | $ | 11,724 | |||||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 4,325 | $ | 5,347 | $ | 2,214 | $ | 3,979 | $ | 22 | |||||||||
One-to-four family residential | 20 | 25 | 52 | 98 | 2 | ||||||||||||||
Real estate construction | 130 | 308 | - | - | - | ||||||||||||||
Commercial | 322 | 1,884 | 2 | 3 | 1 | ||||||||||||||
Other | 2 | 4 | - | - | - | ||||||||||||||
Total covered | $ | 4,799 | $ | 7,568 | $ | 2,268 | $ | 4,080 | $ | 25 | |||||||||
Average Recorded Investment And Interest Income Recognized On Impaired Loans | ' | ||||||||||||||||||
As of and for the year ended December 31, | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
Average | Average | Average | |||||||||||||||||
Recorded | Interest | Recorded | Interest | Recorded | Interest | ||||||||||||||
(Dollars in thousands) | Investment | Income | Investment | Income | Investment | Income | |||||||||||||
Noncovered: | |||||||||||||||||||
Commercial real estate | $ | 47,835 | $ | 1,784 | $ | 36,373 | $ | 1,517 | $ | 10,012 | $ | 1,852 | |||||||
One-to-four family residential | 362 | - | 427 | 8 | 1,317 | 8 | |||||||||||||
Real estate construction | 2,488 | - | 4,507 | 51 | 8,222 | 805 | |||||||||||||
Commercial | 11,468 | 87 | 4,494 | 137 | 9,144 | 746 | |||||||||||||
Other | 63 | - | 104 | - | 97 | - | |||||||||||||
Total noncovered | $ | 62,216 | $ | 1,871 | $ | 45,905 | $ | 1,713 | $ | 28,792 | $ | 3,411 | |||||||
Covered: | |||||||||||||||||||
Commercial real estate | $ | 15,290 | $ | 328 | $ | 21,110 | $ | 184 | $ | 26,642 | $ | - | |||||||
One-to-four family residential | 4,283 | 1 | 5,627 | 1 | 7,926 | - | |||||||||||||
Real estate construction | 313 | - | 1,721 | - | 6,003 | - | |||||||||||||
Commercial | 1,431 | - | 2,175 | - | 4,403 | - | |||||||||||||
Other | 66 | - | 158 | - | 438 | - | |||||||||||||
Total covered | $ | 21,383 | $ | 329 | $ | 30,791 | $ | 185 | $ | 45,412 | $ | - | |||||||
Troubled Debt Restructured Loans Outstanding | ' | ||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccrual | Accruing | Nonaccrual | |||||||||||||||
Commercial real estate | $ | 44,442 | $ | 4,456 | $ | 39,170 | $ | 2,953 | |||||||||||
One-to-four family residential | 18 | 162 | 27 | 134 | |||||||||||||||
Real estate construction | - | - | 847 | 130 | |||||||||||||||
Commercial | 1,527 | 648 | 3,998 | 351 | |||||||||||||||
Consumer | - | 46 | - | 81 | |||||||||||||||
Total | $ | 45,987 | $ | 5,312 | $ | 44,042 | $ | 3,649 | |||||||||||
Loans Modified As Troubled Debt Restructurings | ' | ||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||
(Dollars in thousands) | Modifications | Investment | Modifications | Investment | |||||||||||||||
Commercial real estate | 9 | $ | 4,732 | 12 | $ | 22,713 | |||||||||||||
One-to-four family residential | 1 | 68 | 3 | 110 | |||||||||||||||
Real estate construction | - | - | 1 | 847 | |||||||||||||||
Commercial | 5 | 784 | 7 | 3,328 | |||||||||||||||
Consumer | - | - | 1 | 80 | |||||||||||||||
Total | 15 | $ | 5,584 | 24 | $ | 27,078 | |||||||||||||
Recorded Investment And The Number Of Loans Modified As Troubled Debt Restructuring Which Subsequently Defaulted | ' | ||||||||||||||||||
For the year ended December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||
(Dollars in thousands) | Contracts | Investment | Contracts | Investment | |||||||||||||||
Commercial real estate | 1 | $ | 166 | - | $ | - | |||||||||||||
Commercial | - | - | 3 | 1,658 | |||||||||||||||
Real estate construction | - | - | 1 | 130 | |||||||||||||||
Total | 1 | $ | 166 | 4 | $ | 1,788 | |||||||||||||
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 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 | |||||||
At December 31, 2012 | |||||||||||||||||||
Grade: | |||||||||||||||||||
Pass | $ | 718,054 | $ | 71,975 | $ | 83,350 | $ | 208,019 | $ | 35,897 | $ | 1,117,295 | |||||||
Special Mention | 88,167 | 1,901 | 25,964 | 7,047 | 181 | 123,260 | |||||||||||||
Substandard | 80,104 | 1,923 | 25,477 | 26,887 | 223 | 134,614 | |||||||||||||
Doubtful | 2,948 | 36 | - | 582 | - | 3,566 | |||||||||||||
Total | $ | 889,273 | $ | 75,835 | $ | 134,791 | $ | 242,535 | $ | 36,301 | $ | 1,378,735 | |||||||
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 December 31, 2013 | |||||||||||||||||||
Balance at beginning of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Loans charged-off | -806 | -578 | 246 | -8,599 | -267 | -10,004 | |||||||||||||
Recoveries | 171 | 253 | 4,527 | 2,049 | 158 | 7,158 | |||||||||||||
Provision for loan losses | -7,734 | 314 | -4,521 | 4,931 | -199 | -7,209 | |||||||||||||
Balance at end of period | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | |||||||
Allowance for loan losses ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 4,012 | $ | - | $ | 18 | $ | 3,863 | $ | 46 | $ | 7,939 | |||||||
Collectively evaluated for impairment | 14,839 | 797 | 5,505 | 7,122 | 405 | 28,668 | |||||||||||||
Acquired with deteriorated credit quality | 3 | 53 | - | - | - | 56 | |||||||||||||
Total ending allowance balance | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 47,730 | $ | 456 | $ | 2,720 | $ | 10,297 | $ | 50 | $ | 61,253 | |||||||
Collectively evaluated for impairment | 693,267 | 79,602 | 145,576 | 243,790 | 30,988 | 1,193,223 | |||||||||||||
Acquired with deteriorated credit quality | 11,282 | 3,930 | 198 | 971 | 46 | 16,427 | |||||||||||||
Total ending loans balance | $ | 752,279 | $ | 83,988 | $ | 148,494 | $ | 255,058 | $ | 31,084 | $ | 1,270,903 | |||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||||
At December 31, 2012 | |||||||||||||||||||
Balance at beginning of period | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Loans charged-off | -2,167 | -269 | - | -4,455 | -649 | -7,540 | |||||||||||||
Recoveries | 58 | 271 | 1,972 | 3,671 | 495 | 6,467 | |||||||||||||
Provision for loan losses | 7,583 | -157 | -7,878 | 3,561 | -2 | 3,107 | |||||||||||||
Balance at end of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Allowance for loan losses ending balances: | |||||||||||||||||||
Individually evaluated for impairment | $ | 5,094 | $ | 7 | $ | 50 | $ | 6,492 | $ | 81 | $ | 11,724 | |||||||
Collectively evaluated for impairment | 21,975 | 785 | 5,221 | 6,111 | 678 | 34,770 | |||||||||||||
Acquired with deteriorated credit quality | 154 | 69 | - | 1 | - | 224 | |||||||||||||
Total ending allowance balance | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 54,055 | $ | 570 | $ | 4,202 | $ | 16,759 | $ | 88 | $ | 75,674 | |||||||
Collectively evaluated for impairment | 816,920 | 70,384 | 130,207 | 223,739 | 36,104 | 1,277,354 | |||||||||||||
Acquired with deteriorated credit quality | 18,298 | 4,881 | 382 | 2,037 | 109 | 25,707 | |||||||||||||
Total ending loans balance | $ | 889,273 | $ | 75,835 | $ | 134,791 | $ | 242,535 | $ | 36,301 | $ | 1,378,735 | |||||||
Commercial | 1-4 Family | Real Estate | |||||||||||||||||
Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||||
At December 31, 2011 | |||||||||||||||||||
Balance at beginning of period | $ | 32,508 | $ | 1,597 | $ | 19,605 | $ | 10,605 | $ | 914 | $ | 65,229 | |||||||
Loans charged-off | -71,066 | -346 | -62,070 | -22,103 | -1,040 | -156,625 | |||||||||||||
Recoveries | 411 | 67 | 1,521 | 1,864 | 116 | 3,979 | |||||||||||||
Provision for loan losses | 59,896 | -302 | 52,121 | 19,461 | 925 | 132,101 | |||||||||||||
Balance at end of period | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Allowance for loan losses ending balances: | |||||||||||||||||||
Individually evaluated for impairment | $ | 411 | $ | 21 | $ | 73 | $ | 349 | $ | 112 | $ | 966 | |||||||
Collectively evaluated for impairment | 21,198 | 981 | 10,846 | 9,439 | 803 | 43,267 | |||||||||||||
Acquired with deteriorated credit quality | 140 | 14 | 258 | 39 | - | 451 | |||||||||||||
Total ending allowance balance | $ | 21,749 | $ | 1,016 | $ | 11,177 | $ | 9,827 | $ | 915 | $ | 44,684 | |||||||
Loans receivable ending balance: | |||||||||||||||||||
Individually evaluated for impairment | $ | 21,701 | $ | 1,468 | $ | 11,983 | $ | 10,490 | $ | 123 | $ | 45,765 | |||||||
Collectively evaluated for impairment | 1,006,860 | 78,907 | 220,102 | 335,776 | 38,463 | 1,680,108 | |||||||||||||
Acquired with deteriorated credit quality | 23,686 | 7,072 | 3,746 | 2,841 | 270 | 37,615 | |||||||||||||
Total ending loans balance | $ | 1,052,247 | $ | 87,447 | $ | 235,831 | $ | 349,107 | $ | 38,856 | $ | 1,763,488 | |||||||
Premises_And_Equipment_Tables
Premises And Equipment (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Premises And Equipment [Abstract] | ' | |||||
Premises And Equipment | ' | |||||
At December 31, | ||||||
(Dollars in thousands) | 2013 | 2012 | ||||
Land | $ | 6,057 | $ | 6,059 | ||
Buildings and improvements | 21,751 | 18,237 | ||||
Furniture, fixtures, and equipment | 27,268 | 30,911 | ||||
Construction/remodeling in progress | 1,159 | 129 | ||||
56,235 | 55,336 | |||||
Accumulated depreciation and amortization | -35,402 | -33,645 | ||||
Total premises and equipment, net | $ | 20,833 | $ | 21,691 | ||
Future Minimum Annual Rental Payments | ' | |||||
(Dollars in thousands) | ||||||
2014 | $ | 2,407 | ||||
2015 | 2,043 | |||||
2016 | 1,204 | |||||
2017 | 143 | |||||
2018 | 72 | |||||
Thereafter | - | |||||
Total | $ | 5,869 | ||||
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended | 24 Months Ended | |||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | ||||||||||||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | ' | |||||||||||||||||
Gross Carrying Amount Of Other Intangible Assets And Accumulated Amortization | ' | ' | |||||||||||||||||
At December 31, | |||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||
Core deposit premiums | $ | 5,400 | $ | 5,400 | |||||||||||||||
Less accumulated amortization | -3,343 | -2,857 | |||||||||||||||||
Core deposit premiums, net | 2,057 | 2,543 | |||||||||||||||||
Loan servicing rights | 11,689 | 10,257 | |||||||||||||||||
Less accumulated amortization | -8,766 | -7,936 | |||||||||||||||||
Loan servicing rights, net | 2,923 | 2,321 | |||||||||||||||||
Other intangible assets, net | $ | 4,980 | $ | 4,864 | |||||||||||||||
Future Amortization Expense For Other Intangibles Assets | ' | ' | |||||||||||||||||
(Dollars in thousands) | Core Deposit Premiums | Loan Servicing Rights | Total | ||||||||||||||||
2014 | $ | 514 | $ | 512 | $ | 1,026 | |||||||||||||
2015 | 474 | 476 | 950 | ||||||||||||||||
2016 | 425 | 400 | 825 | ||||||||||||||||
2017 | 249 | 333 | 582 | ||||||||||||||||
2018 | 182 | 274 | 456 | ||||||||||||||||
Thereafter | 213 | 928 | 1,141 | ||||||||||||||||
$ | 2,057 | $ | 2,923 | $ | 4,980 | ||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||
Summary Of Financial Assets Measured At Fair Value On A Recurring Basis | ' | ||||||||||||||
Fair Value Measurement at Reporting Date Using | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||
(Dollars in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
At December 31, 2013 | |||||||||||||||
Loans held for sale: | |||||||||||||||
Student loans | $ | - | $ | - | $ | - | $ | - | |||||||
One-to-four family residential | 2,235 | - | 2,235 | - | |||||||||||
Government guaranteed commercial real estate | 769 | - | 769 | - | |||||||||||
Other loans held for sale | 56 | - | 56 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 120,773 | - | 120,773 | - | |||||||||||
Obligations of state and political subdivisions | 32,636 | - | 32,636 | - | |||||||||||
Residential mortgage-backed securities | 183,170 | - | 183,170 | - | |||||||||||
Asset-backed securities | 9,482 | 9,482 | |||||||||||||
Other securities | 36,418 | 151 | 36,267 | - | |||||||||||
Derivative instrument | -1,967 | - | -1,967 | - | |||||||||||
Total | $ | 383,572 | $ | 151 | $ | 383,421 | $ | - | |||||||
At December 31, 2012 | |||||||||||||||
Loans held for sale: | |||||||||||||||
Student loans | $ | 4,680 | $ | - | $ | 4,680 | $ | - | |||||||
One-to-four family residential | 5,112 | - | 5,112 | - | |||||||||||
Government guaranteed commercial real estate | 21,794 | - | 21,794 | - | |||||||||||
Other loans held for sale | 96 | - | 96 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 115,614 | - | 115,614 | - | |||||||||||
Obligations of state and political subdivisions | 35,558 | - | 35,558 | - | |||||||||||
Residential mortgage-backed securities | 203,675 | - | 203,675 | - | |||||||||||
Asset-backed securities | 7,671 | 7,671 | |||||||||||||
Other securities | 1,797 | 111 | 1,686 | - | |||||||||||
Derivative instrument | -3,195 | - | -3,195 | - | |||||||||||
Total | $ | 392,802 | $ | 111 | $ | 392,691 | $ | - | |||||||
Asset Measured At Fair Value On A Nonrecurring Basis | ' | ||||||||||||||
Fair Value Measurements Using | |||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Total Gains | ||||||||||||
(Dollars in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | (Losses) | ||||||||||
At December 31, 2013 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 20,423 | $ | - | $ | 20,423 | $ | - | $ | 3,075 | |||||
One-to-four family residential | - | - | - | - | - | ||||||||||
Real estate construction | 2,636 | - | 2,636 | - | -18 | ||||||||||
Commercial | 9,176 | - | 9,176 | - | -2,989 | ||||||||||
Other consumer | 46 | - | 46 | - | 35 | ||||||||||
Noncovered other real estate | 560 | - | 560 | - | -1,520 | ||||||||||
Covered other real estate | 2,094 | - | 2,094 | - | -702 | ||||||||||
Mortgage loan servicing rights | 3,492 | - | - | 3,492 | - | ||||||||||
Total | $ | 38,427 | $ | - | $ | 34,935 | $ | 3,492 | $ | -2,119 | |||||
At December 31, 2012 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 33,137 | $ | - | $ | 33,137 | $ | - | $ | -6,674 | |||||
One-to-four family residential | 23 | - | 23 | - | -7 | ||||||||||
Real estate construction | 232 | - | 232 | - | 3,532 | ||||||||||
Commercial | 13,473 | - | 13,473 | - | -6,637 | ||||||||||
Other consumer | 81 | - | 81 | - | 31 | ||||||||||
Noncovered other real estate | 11,315 | - | 11,315 | - | -3,998 | ||||||||||
Covered other real estate | 3,643 | - | 3,643 | - | -180 | ||||||||||
Mortgage loan servicing rights | 2,321 | - | - | 2,321 | -465 | ||||||||||
Total | $ | 64,225 | $ | - | $ | 61,904 | $ | 2,321 | $ | -14,398 | |||||
Carrying Values And Estimated Fair Values Of Financial Instruments Segregated By The Level Of The Valuation Inputs | ' | ||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Dollars in thousands) | Values | Values | Values | Values | |||||||||||
Financial assets: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Cash and cash equivalents | $ | 279,839 | $ | 279,839 | $ | 288,079 | $ | 288,079 | |||||||
Securities held to maturity | 11,720 | 12,115 | 12,797 | 13,659 | |||||||||||
Accrued interest receivable | 5,335 | 5,335 | 6,365 | 6,365 | |||||||||||
Investments included in other assets | 8,140 | 8,140 | 8,531 | 8,531 | |||||||||||
Level 3 inputs: | |||||||||||||||
Total loans, net of allowance | 1,234,240 | 1,190,869 | 1,332,017 | 1,301,942 | |||||||||||
Financial liabilities: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Deposits | 1,584,086 | 1,486,939 | 1,709,578 | 1,666,653 | |||||||||||
Accrued interest payable | 832 | 832 | 1,116 | 1,116 | |||||||||||
Other liabilities | 8,248 | 8,248 | 9,985 | 9,985 | |||||||||||
Derivative instrument | 1,967 | 1,967 | 3,195 | 3,195 | |||||||||||
Other borrowings | 80,632 | 83,593 | 70,362 | 74,057 | |||||||||||
Subordinated debentures | 46,393 | 46,393 | 81,963 | 82,998 | |||||||||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Deposits [Abstract] | ' | |||||
Schedule Of Deposits | ' | |||||
(Dollars in thousands) | 2013 | 2012 | ||||
Noninterest-bearing demand | $ | 444,796 | $ | 424,008 | ||
Interest-bearing demand | 120,156 | 112,012 | ||||
Money market accounts | 439,981 | 423,417 | ||||
Savings accounts | 41,727 | 37,693 | ||||
Time deposits of $100,000 or more | 251,185 | 351,273 | ||||
Other time deposits | 286,241 | 361,175 | ||||
Total deposits | $ | 1,584,086 | $ | 1,709,578 | ||
Scheduled Time Deposits | ' | |||||
(Dollars in thousands) | ||||||
2014 | $ | |||||
380,504 | ||||||
2015 | 96,028 | |||||
2016 | 31,540 | |||||
2017 | 20,738 | |||||
2018 | 8,616 | |||||
Thereafter | - | |||||
Total time deposits | $ | |||||
537,426 | ||||||
Borrowed_Funds_Tables
Borrowed Funds (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Borrowed Funds [Abstract] | ' | |||||||||||||||||
Schedule Of Borrowed Funds | ' | |||||||||||||||||
2013 | 2012 | |||||||||||||||||
(Dollars in thousands) | Balance at December 31 | Average Balance | Weighted Average Rate | Balance at December 31 | Average Balance | Weighted Average Rate | ||||||||||||
Securities sold under repurchase | ||||||||||||||||||
agreements | $ | 55,632 | $ | 49,115 | 0.05 | % | $ | 45,362 | $ | 36,823 | 0.05 | % | ||||||
Federal Home Loan Bank advances | 25,000 | 25,000 | 3.47 | 25,000 | 25,000 | 3.48 | ||||||||||||
$ | 80,632 | $ | 70,362 | |||||||||||||||
Subordinated_Debentures_Tables
Subordinated Debentures (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Subordinated Debentures [Abstract] | ' | |||||||||
Schedule of Trust Preferred Securities | ' | |||||||||
At December 31, 2013 | ||||||||||
(Dollars in thousands) | Subordinated Debentures Owed to Trusts | Trust Preferred Securities of the Trusts | Rates | Final Maturity Date | ||||||
OKSB Statutory Trust I | $ | 20,619 | $ | 20,000 | 3.35% | 26-Jun-33 | ||||
SBI Capital Trust II | 25,774 | 25,000 | 3.09% | 7-Oct-33 | ||||||
$ | 46,393 | $ | 45,000 | |||||||
At December 31, 2012 | ||||||||||
(Dollars in thousands) | Subordinated Debentures Owed to Trusts | Trust Preferred Securities of the Trusts | Rates | Final Maturity Date | ||||||
OKSB Statutory Trust I | $ | 20,619 | $ | 20,000 | 3.41% | 26-Jun-33 | ||||
SBI Capital Trust II | 25,774 | 25,000 | 3.19% | 7-Oct-33 | ||||||
Southwest Capital Trust II | 35,570 | 34,500 | 10.50% | 15-Sep-38 | ||||||
$ | 81,963 | $ | 79,500 | |||||||
Taxes_On_Income_Tables
Taxes On Income (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Taxes On Income [Abstract] | ' | |||||||||
Components of taxes on income | ' | |||||||||
For the Year Ended December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||
Current tax (benefit) expense: | ||||||||||
Federal | $ | 462 | $ | 712 | $ | -18,319 | ||||
State | 74 | 232 | -4,875 | |||||||
Deferred tax expense (benefit): | ||||||||||
Federal | 9,362 | 8,145 | -18,375 | |||||||
State | 858 | 794 | -2,088 | |||||||
Taxes on income | $ | 10,756 | $ | 9,883 | $ | -43,657 | ||||
Reconciliation from the expected tax exense (benefit) to consolidated effective income tax expense (benefit) | ' | |||||||||
For the Year Ended December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | |||||||
Computed tax (benefit) expense at statutory rates | $ | 9,867 | $ | 9,124 | $ | -39,183 | ||||
Increase (decrease) in income taxes resulting from: | ||||||||||
Benefit of income not subject to U.S. Federal income tax | -213 | -213 | -165 | |||||||
Expenses not deductible for U.S. Federal income tax | 96 | 150 | 124 | |||||||
State income taxes, net of Federal income tax benefit | 749 | 476 | -3,755 | |||||||
Reversal of FIN 48 reserve | - | - | -953 | |||||||
State payment or refund from prior periods (federally tax affected) | - | 50 | - | |||||||
Tax credit recapture | 76 | - | - | |||||||
Other | 181 | 296 | 275 | |||||||
Taxes on income | $ | 10,756 | $ | 9,883 | $ | -43,657 | ||||
Temporary differences that give rise to the deferred tax assets | ' | |||||||||
At December 31, | ||||||||||
(Dollars in thousands) | 2013 | 2012 | ||||||||
Deferred tax assets: | ||||||||||
Provision for loan losses | $ | 15,072 | $ | 19,246 | ||||||
Net operating loss carryforward | 5,065 | 12,674 | ||||||||
Tax credit carryforward | 3,443 | 3,070 | ||||||||
Write-downs on other real estate | - | 1,669 | ||||||||
Nonaccrual loan interest | 539 | 527 | ||||||||
Deferred compensation & profit sharing accrual | 173 | 551 | ||||||||
Investments | 468 | 457 | ||||||||
Section 597 gain - FDIC-assisted acquisition | 1,214 | -119 | ||||||||
Accrued Expenses | 812 | - | ||||||||
Other | 43 | -51 | ||||||||
Total deferred tax assets | 26,829 | 38,024 | ||||||||
Deferred tax liabilities: | ||||||||||
Accumulated depreciation | -2,476 | -2,835 | ||||||||
Amortizable assets | -614 | -749 | ||||||||
Dividend - Equity vs. Cost Method | -316 | -492 | ||||||||
Prepaid expenses | -188 | -254 | ||||||||
FHLB stock dividends | -192 | -220 | ||||||||
Stock-based compensation | -6 | -216 | ||||||||
Total deferred tax liabilities | -3,792 | -4,766 | ||||||||
Deferred taxes (payable) receivable on investment | ||||||||||
securities available for sale | 1,900 | -1,075 | ||||||||
Net deferred tax asset | $ | 24,937 | $ | 32,183 | ||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Computation Of Basic And Diluted Earnings Per Common Share | ' | ||||||||
(Dollars in thousands, except earnings per share data) | 2013 | 2012 | 2011 | ||||||
Numerator: | |||||||||
Net income (loss) | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
Preferred dividend | - | -2,196 | -3,522 | ||||||
Warrant amortization | - | -1,545 | -731 | ||||||
Net income (loss) available to common shareholders | 17,435 | 12,446 | -72,548 | ||||||
Earnings allocated to participating securities | -139 | - | - | ||||||
Numerator for basic earnings per common share | $ | 17,296 | $ | 12,446 | $ | -72,548 | |||
Effect of reallocating undistributed earnings | |||||||||
of participating securities | 139 | - | - | ||||||
Numerator for diluted earnings per common share | $ | 17,435 | $ | 12,446 | $ | -72,548 | |||
Denominator: | |||||||||
Denominator for basic earnings per common share | 19,516,776 | 19,374,098 | 19,414,231 | ||||||
Dilutive effect of stock compensation | 87,469 | - | - | ||||||
Denominator for diluted earnings per common share | 19,604,245 | 19,374,098 | 19,414,231 | ||||||
Earnings per common share: | |||||||||
Basic | $ | 0.89 | $ | 0.64 | $ | -3.73 | |||
Diluted | $ | 0.89 | $ | 0.64 | $ | -3.73 | |||
Recovered_Sheet1
Capital Requirements And Regulatory Matters (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Capital Requirements And Regulatory Matters [Abstract] | ' | |||||||||||||||||
Southwestbs, Stillwater Nationalbs, and Bank of Kansasb Actual Capital Amounts And Ratios | ' | |||||||||||||||||
A summary of actual capital amounts and ratios as of December 31, 2013 are presented below. | ||||||||||||||||||
To Be Well Capitalized | ||||||||||||||||||
Under Prompt Corrective | For Capital | |||||||||||||||||
Actual | Action Provisions | Adequacy Purposes | ||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||
As of December 31, 2013: | ||||||||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | $ | 310,867 | 21.59 | % | $ | N/A | N/A | % | $ | 115,194 | 8.00 | % | ||||||
Bank SNB | 284,388 | 19.83 | 143,413 | 10.00 | 114,730 | 8.00 | ||||||||||||
Tier I Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | 292,051 | 20.28 | N/A | N/A | 57,597 | 4.00 | ||||||||||||
Bank SNB | 266,132 | 18.56 | 86,048 | 6.00 | 57,365 | 4.00 | ||||||||||||
Tier I Leverage (to average assets) | ||||||||||||||||||
Southwest | 292,051 | 14.86 | N/A | N/A | 78,597 | 4.00 | ||||||||||||
Bank SNB | 266,132 | 13.62 | 97,719 | 5.00 | 78,175 | 4.00 | ||||||||||||
A summary of actual capital amounts and ratios of Stillwater National and Bank of Kansas as of December 31, 2012 are presented below. | ||||||||||||||||||
To Be Well Capitalized | ||||||||||||||||||
Under Prompt Corrective | For Capital | |||||||||||||||||
Actual | Action Provisions | Adequacy Purposes | ||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||
As of December 31, 2012: | ||||||||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | $ | 339,964 | 21.56 | % | $ | N/A | N/A | % | $ | 126,122 | 8.00 | % | ||||||
Stillwater National | 269,323 | 19.55 | 137,793 | 10.00 | 110,234 | 8.00 | ||||||||||||
Bank of Kansas | 33,356 | 18.37 | 18,161 | 10.00 | 14,529 | 8.00 | ||||||||||||
Tier I Capital (to risk-weighted assets) | ||||||||||||||||||
Southwest | 319,665 | 20.28 | N/A | N/A | 63,061 | 4.00 | ||||||||||||
Stillwater National | 236,705 | 17.18 | 82,676 | 6.00 | 55,117 | 4.00 | ||||||||||||
Bank of Kansas | 31,064 | 17.10 | 10,896 | 6.00 | 7,264 | 4.00 | ||||||||||||
Tier I Leverage (to average assets) | ||||||||||||||||||
Southwest | 319,665 | 15.01 | N/A | N/A | 85,201 | 4.00 | ||||||||||||
Stillwater National | 236,705 | 13.14 | 90,088 | 5.00 | 72,070 | 4.00 | ||||||||||||
Bank of Kansas | 31,064 | 10.02 | 15,506 | 5.00 | 12,405 | 4.00 | ||||||||||||
Employee_Benefits_Tables
Employee Benefits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Employee Benefits [Abstract] | ' | ||||||||
Schedule Of Stock Option Activity | ' | ||||||||
Weighted | |||||||||
Weighted | Average Aggregate | ||||||||
Average | Remaining | Intrinsic | |||||||
Number of | Exercise | Contractual | Value (dollars | ||||||
Options | Price | Life (Years) | in thousands) | ||||||
Outstanding at December 31, 2010 | 202,215 | $ | 24.00 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -128,401 | 23.59 | |||||||
Outstanding at December 31, 2011 | 73,814 | $ | 24.72 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -68,814 | 25.28 | |||||||
Outstanding at December 31, 2012 | 5,000 | $ | 16.93 | ||||||
Granted | - | - | |||||||
Exercised | - | - | |||||||
Canceled/expired | -5,000 | 16.93 | |||||||
Outstanding at December 31, 2013 | - | $ | - | - | - | ||||
Total exercisable at December 31, 2011 | 73,814 | $ | 24.72 | ||||||
Total exercisable at December 31, 2012 | 5,000 | $ | 16.93 | ||||||
Total exercisable at December 31, 2013 | - | $ | - | - | |||||
OffBalanceSheet_Arrangments_Co
Off-Balance-Sheet Arrangments, Commitments, Guarantees And Contingencies (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Off-Balance-Sheet Arrangments, Commitments, Guarantees And Contingencies [Abstract] | ' | |||||
Summary Of Off-Balance-Sheet Financial Instruments | ' | |||||
At December 31, | ||||||
(Dollars in thousands) | 2013 | 2012 | ||||
Commitments to extend commercial and real estate mortgage credit | $ | 323,925 | $ | 248,337 | ||
Standby and commercial letters of credit | 5,800 | 6,744 | ||||
Total | $ | 329,725 | $ | 255,081 | ||
Operating_Segments_Tables
Operating Segments (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Operating Segments [Abstract] | ' | |||||||||||||||||
Financial Results By Operating Segment | ' | |||||||||||||||||
For the year ended December 31,2013 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 34,725 | $ | 18,949 | $ | 10,527 | $ | 670 | $ | -2,221 | $ | 62,650 | ||||||
Provision for loan losses | -486 | -6,403 | -472 | 148 | 4 | -7,209 | ||||||||||||
Noninterest income | 6,943 | 1,305 | 1,944 | 2,701 | 750 | 13,643 | ||||||||||||
Noninterest expenses | 28,000 | 9,494 | 11,898 | 2,287 | 3,632 | 55,311 | ||||||||||||
Income (loss) before taxes | 14,154 | 17,163 | 1,045 | 936 | -5,107 | 28,191 | ||||||||||||
Taxes on income | 5,400 | 6,548 | 399 | 357 | -1,948 | 10,756 | ||||||||||||
Net income (loss) | $ | 8,754 | $ | 10,615 | $ | 646 | $ | 579 | $ | -3,159 | $ | 17,435 | ||||||
* Includes externally generated loss of $1.6 million, primarily from investing services, and an internally generated revenue of $0.1 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 85 | $ | $ | $ | $ | $ | - | $ | $ | $ | 1,855 | ||||||
9 | 8 | 1,753 | ||||||||||||||||
Total loans at period end | 681,991 | 366,697 | 198,992 | 23,215 | 8 | 1,270,903 | ||||||||||||
Total assets at period end | 686,736 | 361,058 | 203,631 | 26,162 | 703,836 | 1,981,423 | ||||||||||||
Total deposits at period end | 1,113,715 | 207,227 | 247,884 | 1,895 | 13,365 | 1,584,086 | ||||||||||||
For the year ended December 31,2012 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 37,954 | $ | 25,190 | $ | 9,685 | $ | 1,370 | $ | 2,364 | $ | 76,563 | ||||||
Provision for loan losses | 448 | 5,364 | -2,705 | - | - | 3,107 | ||||||||||||
Noninterest income | 7,697 | 1,854 | 2,440 | 2,771 | 1,174 | 15,936 | ||||||||||||
Noninterest expenses | 29,406 | 12,848 | 13,767 | 2,430 | 4,871 | 63,322 | ||||||||||||
Income (loss) before taxes | 15,797 | 8,832 | 1,063 | 1,711 | -1,333 | 26,070 | ||||||||||||
Taxes on income | 5,989 | 3,348 | 403 | 649 | -506 | 9,883 | ||||||||||||
Net income (loss) | $ | 9,808 | $ | 5,484 | $ | 660 | $ | 1,062 | $ | -827 | $ | 16,187 | ||||||
* Includes externally generated revenue of $0.8 million, primarily from investing services, and an internally generated revenue of $2.8 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 178 | $ | $ | $ | $ | $ | - | $ | $ | $ | 1,619 | ||||||
71 | 8 | 1,362 | ||||||||||||||||
Total loans at period end | 652,121 | 520,481 | 174,451 | 31,682 | - | 1,378,735 | ||||||||||||
Total assets at period end | 664,607 | 515,675 | 178,291 | 34,304 | 729,378 | 2,122,255 | ||||||||||||
Total deposits at period end | 1,254,348 | 166,919 | 270,368 | 2,420 | 15,523 | 1,709,578 | ||||||||||||
For the year ended December 31,2011 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 43,005 | $ | 29,820 | $ | 12,414 | $ | 1,438 | $ | 9,655 | $ | 96,332 | ||||||
Provision for loan losses | 27,087 | 98,335 | 6,679 | - | - | 132,101 | ||||||||||||
Noninterest income | 7,781 | 1,856 | 2,065 | 1,297 | 1,019 | 14,018 | ||||||||||||
Noninterest expenses | 36,402 | 28,727 | 19,131 | 2,121 | 3,820 | 90,201 | ||||||||||||
Income (loss) before taxes | -12,703 | -95,386 | -11,331 | 614 | 6,854 | -111,952 | ||||||||||||
Taxes on income | -4,955 | -37,196 | -4,419 | 240 | 2,673 | -43,657 | ||||||||||||
Net income (loss) | $ | -7,748 | $ | -58,190 | $ | -6,912 | $ | 374 | $ | 4,181 | $ | -68,295 | ||||||
* Includes externally generated revenue of $2.8 million, primarily from investing services, and an internally generated revenue of $7.9 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 366 | $ | 3 | $ | 193 | $ | 5 | $ | 1,119 | $ | 1,686 | ||||||
Total loans at period end | 858,212 | 653,199 | 213,382 | 38,695 | - | 1,763,488 | ||||||||||||
Total assets at period end | 888,839 | 653,146 | 219,481 | 40,876 | 574,934 | 2,377,276 | ||||||||||||
Total deposits at period end | 1,406,361 | 156,101 | 276,757 | 1,430 | 80,733 | 1,921,382 | ||||||||||||
Parent_Company_Condensed_Finan1
Parent Company Condensed Financial Information (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Parent Company Condensed Financial Information [Abstract] | ' | ||||||||
Parent Company Statements of Financial Condition | ' | ||||||||
At December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Statements of Financial Condition | |||||||||
Assets: | |||||||||
Cash and cash equivalents | $ | 12,039 | $ | 18,245 | |||||
Investment in subsidiary banks | 273,849 | 293,573 | |||||||
Investments in other subsidiaries | 8,284 | 9,355 | |||||||
Investment securities, available for sale | 3,161 | 2,462 | |||||||
Other assets | 10,909 | 8,391 | |||||||
Total | $ | 308,242 | $ | 332,026 | |||||
Liabilities: | |||||||||
Subordinated debentures | 46,393 | 81,963 | |||||||
Other liabilities | 2,660 | 4,007 | |||||||
Shareholders' Equity: | |||||||||
Common stock and related accounts | 259,189 | 246,056 | |||||||
Total | $ | 308,242 | $ | 332,026 | |||||
Parent Company Statements of Operations | ' | ||||||||
For the Year Ended December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||
Statements of Operations | |||||||||
Income: | |||||||||
Cash dividends from subsidiaries | $ | 19,625 | $ | 70,175 | $ | 160 | |||
Noninterest income | 333 | 595 | 774 | ||||||
Investment income | 243 | 340 | 31 | ||||||
Other operating income | - | - | 45 | ||||||
Total income | 20,201 | 71,110 | 1,010 | ||||||
Expense: | |||||||||
Interest on subordinated debentures | 4,168 | 5,463 | 5,306 | ||||||
Noninterest expense | 1,808 | 3,187 | 2,107 | ||||||
Total expense | 5,976 | 8,650 | 7,413 | ||||||
Total income (loss) before taxes and equity in | |||||||||
undistributed income of subsidiaries | 14,225 | 62,460 | -6,403 | ||||||
Taxes on income | -2,027 | -2,900 | -2,563 | ||||||
Income (loss) before equity in undistributed | |||||||||
income of subsidiaries | 16,252 | 65,360 | -3,840 | ||||||
Equity in undistributed income (loss) of subsidiaries | 1,183 | -49,173 | -64,455 | ||||||
Net income (loss) | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
Parent Company Statements of Cash Flows | ' | ||||||||
For the Year Ended December 31, | |||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||
Statements of Cash Flows | |||||||||
Operating activities: | |||||||||
Net income | $ | 17,435 | $ | 16,187 | $ | -68,295 | |||
Equity in undistributed income of subsidiaries | -1,183 | 49,173 | 64,455 | ||||||
Other, net | -2,341 | -5,437 | 499 | ||||||
Net cash provided by (used in) operating activities | 13,911 | 59,923 | -3,341 | ||||||
Investing activities: | |||||||||
Available for sale securities: | |||||||||
Purchases | - | -247 | -724 | ||||||
Sales / Maturities | 32 | - | 46 | ||||||
Investment in/capital contribution to other subsidiaries | 15,000 | - | - | ||||||
Net cash used in investing activities | 15,032 | -247 | -678 | ||||||
Financing activities: | |||||||||
Net proceeds from issuance of common stock | 2,708 | 925 | 278 | ||||||
Proceeds from issuance of subordinated debentures | -35,570 | - | - | ||||||
Preferred stock dividend | - | -74,330 | -1,751 | ||||||
Other, net | -2,287 | -76 | - | ||||||
Net cash provided by (used in) financing activities | -35,149 | -73,481 | -1,473 | ||||||
Net increase (decrease) in cash and cash equivalents | -6,206 | -13,805 | -5,492 | ||||||
Cash and cash equivalents, | |||||||||
Beginning of year | 18,245 | 32,050 | 37,542 | ||||||
End of year | $ | 12,039 | $ | 18,245 | $ | 32,050 | |||
Summary_Of_Significant_Account1
Summary Of Significant Accounting And Reporting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Interest-bearing balances held at depository institutions | $251,800,000 | $243,000,000 | ' |
Interest paid | 11,500,000 | 19,200,000 | 26,500,000 |
Income taxes paid | 400,000 | 1,000,000 | 5,900,000 |
Transfer of loans to other real estate (noncash) | 900,000 | 2,600,000 | 62,300,000 |
Restricted cash and cash equivalents | 1,800,000 | 3,000,000 | ' |
Net unamortized deferred loan fees | 100,000 | ' | ' |
Percentage of losses covered by the FDIC | 80.00% | ' | ' |
Reserve for unfunded loan commitments | 2,800,000 | 2,900,000 | ' |
Other Real Estate, Non Covered | 560,000 | 11,315,000 | ' |
Other Real Estate, Covered | 2,094,000 | 3,643,000 | ' |
Fair value of loan servicing rights | $3,500,000 | $2,300,000 | ' |
Antidilutive warrant to purchase shares of common stock | ' | 703,753 | ' |
Common stock reserved for issuance | 800,000 | ' | ' |
Loss share receivable % of loan discount | 85.00% | ' | ' |
Minimum [Member] | ' | ' | ' |
Percentage change in fair value to be considered highly effective | 80.00% | ' | ' |
Stock option expiration period after grant | '5 years | ' | ' |
Minimum [Member] | Building and Building Improvements [Member] | ' | ' | ' |
Premises and equipmet, useful life | '10 years | ' | ' |
Minimum [Member] | Furniture, Fixtures and Equipment [Member] | ' | ' | ' |
Premises and equipmet, useful life | '3 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Percentage of losses covered by the FDIC | 95.00% | ' | ' |
Percentage change in fair value to be considered highly effective | 125.00% | ' | ' |
Stock option expiration period after grant | '10 years | ' | ' |
Maximum [Member] | Building and Building Improvements [Member] | ' | ' | ' |
Premises and equipmet, useful life | '40 years | ' | ' |
Maximum [Member] | Furniture, Fixtures and Equipment [Member] | ' | ' | ' |
Premises and equipmet, useful life | '10 years | ' | ' |
2008 Stock Based Award Plan [Member] | ' | ' | ' |
Common stock reserved for issuance | 800,000 | ' | ' |
Warrant [Member] | ' | ' | ' |
Antidilutive warrant to purchase shares of common stock | 703,753 | ' | ' |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Investment Securities [Abstract] | ' | ' |
Total investments carried at cost | $8.10 | $8.50 |
Available for sale debt securities amortized cost pledged as collateral | $292.60 | $284.20 |
Investment_Securities_Summary_
Investment Securities (Summary Of Amortized Cost And Fair Values Of Investment Securities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Held to Maturity | $11,720 | $12,797 |
Gross Unrealized Gains, Held to Maturity | 395 | 862 |
Fair Value, Held to Maturity | 12,115 | 13,659 |
Amortized Cost, Available for Sale | 385,423 | 358,317 |
Gross Unrealized Gains, Available for Sale | 3,380 | 6,526 |
Gross Unrealized Losses, Available for Sale | -6,324 | -528 |
Available-for-Sale Securities, Total | 382,479 | 364,315 |
Parent Company [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Available-for-Sale Securities, Total | 3,161 | 2,462 |
Federal Agency Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 123,332 | 114,159 |
Gross Unrealized Gains, Available for Sale | 330 | 1,474 |
Gross Unrealized Losses, Available for Sale | -2,889 | -19 |
Available-for-Sale Securities, Total | 120,773 | 115,614 |
Obligations Of State And Political Subdivisions [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Held to Maturity | 11,720 | 12,797 |
Gross Unrealized Gains, Held to Maturity | 395 | 862 |
Fair Value, Held to Maturity | 12,115 | 13,659 |
Amortized Cost, Available for Sale | 33,685 | 34,754 |
Gross Unrealized Gains, Available for Sale | 36 | 887 |
Gross Unrealized Losses, Available for Sale | -1,085 | -83 |
Available-for-Sale Securities, Total | 32,636 | 35,558 |
Residential Mortgage-Backed Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 183,512 | 200,310 |
Gross Unrealized Gains, Available for Sale | 1,747 | 3,668 |
Gross Unrealized Losses, Available for Sale | -2,089 | -303 |
Available-for-Sale Securities, Total | 183,170 | 203,675 |
Asset-Backed Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 9,578 | 7,794 |
Gross Unrealized Losses, Available for Sale | -96 | -123 |
Available-for-Sale Securities, Total | 9,482 | 7,671 |
Equity Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 35,316 | 1,300 |
Gross Unrealized Gains, Available for Sale | 1,267 | 497 |
Gross Unrealized Losses, Available for Sale | -165 | ' |
Available-for-Sale Securities, Total | $36,418 | $1,797 |
Investment_Securities_Amortize
Investment Securities (Amortized Cost And Approximate Fair Value Of Investment Securities By Maturity Date) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Amortized cost and approximate fair value [Abstract] | ' | ' |
One year or less, Amortized cost, Available for Sale | $20,806 | ' |
One year or less, Fair Value, Available for Sale | 21,151 | ' |
One year or less, Amortized Cost, Held to Maturity | 1,941 | ' |
One year or less, Fair Value, Held to Maturity | 1,957 | ' |
More than one year through five years, Amortized Cost, Available for Sale | 167,476 | ' |
More than one year through five years, Fair Value, Available for Sale | 168,675 | ' |
More than one year through five years, Amortized Cost, Held to Maturity | 2,227 | ' |
More than one year through five years, Fair Value, Held to Maturity | 2,282 | ' |
More than five years through ten years, Amortized Cost, Available for Sale | 151,933 | ' |
More than five years through ten years, Fair Value, Available for Sale | 147,705 | ' |
More than five years through ten years, Amortized Cost, Held to Maturity | 4,151 | ' |
More than five years through ten years, Fair Value, Held to Maturity | 4,265 | ' |
More than ten years, Amortized Cost, Available for Sale | 45,208 | ' |
More than ten years, Fair Value, Available for Sale | 44,948 | ' |
More than ten years, Amortized Cost, Held to Maturity | 3,401 | ' |
More than ten years, Fair Value, Held to Maturity | 3,611 | ' |
Total, Amortized Cost, Available for Sale | 385,423 | ' |
Total, Fair Value, Available for Sale | 382,479 | ' |
Held-to-maturity Securities, Total | 11,720 | 12,797 |
Fair Value, Held to Maturity | $12,115 | $13,659 |
Investment_Securities_Summary_1
Investment Securities (Summary Of Sales Of Available For Sale Securities) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Investment Securities [Abstract] | ' | ' |
Proceeds from sales | $2,744 | $6,588 |
Gross realized gains | 0 | 45 |
Gross realized losses | $0 | ($10) |
Investment_Securities_Summary_2
Investment Securities (Summary Of Securities With Gross Unrealized Losses And Their Fair Values) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | security | security |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 108 | 41 |
Amortized cost of securities with unrealized losses, Available for Sale | $261,473 | $74,925 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -6,048 | -513 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -276 | -15 |
Fair value of securities with unrealized losses, Available for Sale | 255,149 | 74,397 |
Other Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 8 | ' |
Amortized cost of securities with unrealized losses, Available for Sale | 27,728 | ' |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -165 | ' |
Fair value of securities with unrealized losses, Available for Sale | 27,563 | ' |
Federal Agency Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 24 | 5 |
Amortized cost of securities with unrealized losses, Available for Sale | 87,921 | 9,887 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -2,885 | -19 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -4 | ' |
Fair value of securities with unrealized losses, Available for Sale | 85,032 | 9,868 |
Obligations Of State And Political Subdivisions [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 20 | 9 |
Amortized cost of securities with unrealized losses, Available for Sale | 31,579 | 10,457 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -887 | -83 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -198 | ' |
Fair value of securities with unrealized losses, Available for Sale | 30,494 | 10,374 |
Residential Mortgage-Backed Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 53 | 23 |
Amortized cost of securities with unrealized losses, Available for Sale | 104,667 | 46,787 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -2,015 | -288 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -74 | -15 |
Fair value of securities with unrealized losses, Available for Sale | 102,578 | 46,484 |
Asset-Backed Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 3 | 4 |
Amortized cost of securities with unrealized losses, Available for Sale | 9,578 | 7,794 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -96 | -123 |
Fair value of securities with unrealized losses, Available for Sale | $9,482 | $7,671 |
Loans_And_Allowance_For_Loan_L2
Loans And Allowance For Loan Losses (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans to individuals and businesses | $417.40 | ' | ' |
Cumulative net losses | 35 | ' | ' |
Percentage of loans to individuals and businesses | 33.00% | ' | ' |
Loans held for sale | 3.1 | 31.7 | ' |
Period to sell loans from the date of closing | '1 month | ' | ' |
Accrued additional interest income | 1.2 | 1.2 | 5.7 |
Cumulative charge-offs against noncovered nonaccrual loans | 8.2 | 8.3 | ' |
Interest income recognized on troubled debt restructurings | 2.4 | 1.9 | 3.3 |
Troubled debt restructuring Period | '12 months | ' | ' |
Real Estate Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Unpaid principal of mortgage loans serviced for others | 390.7 | 343.4 | ' |
Maximum [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Cumulative net losses | $35 | ' | ' |
Loans_And_Allowance_For_Loan_L3
Loans And Allowance For Loan Losses (Southwest's Loan Classifications) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | $1,254,476 | $1,353,028 |
Less: Allowance for loan losses | -36,607 | -46,494 |
Total loans, net, Noncovered | 1,217,869 | 1,306,534 |
Loans receivable, Covered | 16,427 | 25,707 |
Less: Allowance for loan losses | -56 | -224 |
Net covered loans receivable | 16,371 | 25,483 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 254,087 | 240,498 |
Loans receivable, Covered | 971 | 2,037 |
Commercial Real Estate [Member] | Real Estate Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 740,997 | 870,975 |
Loans receivable, Covered | 11,282 | 18,298 |
Commercial Real Estate [Member] | Real Estate Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 143,650 | 130,753 |
Loans receivable, Covered | 198 | 382 |
One-To-Four Family Residential [Member] | Real Estate Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 80,058 | 70,954 |
Loans receivable, Covered | 3,930 | 4,881 |
One-To-Four Family Residential [Member] | Real Estate Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 4,646 | 3,656 |
Guaranteed Student Loans [Member] | Installment And Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 4,394 | 4,680 |
Other [Member] | Installment And Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, Noncovered | 26,644 | 31,512 |
Loans receivable, Covered | $46 | $109 |
Loans_And_Allowance_For_Loan_L4
Loans And Allowance For Loan Losses (Changes In The Carrying Amounts And Accretable Yields For ASC 310.30 Loans) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans And Allowance For Loan Losses [Abstract] | ' | ' |
Balance at beginning of period, Accretable Yield | $1,904 | $2,402 |
Transfers to other real estate/ repossessed assets, Accretable Yield | -36 | 27 |
Charge-offs, Accretable Yield | -1 | -5 |
Net reclassifications to / from nonaccretable amount, Accretable Yield | 235 | 192 |
Accretion, Accretable yield | -505 | -712 |
Balance at end of period, Accretable Yield | 1,597 | 1,904 |
Balance at beginning of period, Carrying amount of loans | 25,707 | 37,615 |
Payments Received, Carrying amount of loans | -6,954 | -9,960 |
Transfers to other real estate / repossessed assets, Carrying amount of loans | -2,110 | -2,365 |
Charged-offs, Carrying amount of loans | -468 | -151 |
Accretion, Carrying amount of loans | 252 | 568 |
Balance at end of period, Carrying amount of loans | $16,427 | $25,707 |
Loans_And_Allowance_For_Loan_L5
Loans And Allowance For Loan Losses (Recorded Investment In Loans On Nonaccrual Status) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | $18,560 | $35,104 |
Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 1,259 | 3,595 |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 6,564 | 18,337 |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 1,202 | 3,087 |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 456 | 563 |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 57 | 52 |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 2,721 | 3,355 |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | ' | 130 |
Commercial [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 8,769 | 12,761 |
Commercial [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | ' | 324 |
Other [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 50 | 88 |
Other [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | ' | $2 |
Loans_And_Allowance_For_Loan_L6
Loans And Allowance For Loan Losses (Age Analysis Of Past Due Loans) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | $6,848 | $37,314 | ' |
90 days and greater past due | 19,872 | 41,989 | ' |
Total past due | 26,720 | 79,303 | ' |
Current | 1,244,183 | 1,299,432 | ' |
Loans receivable, Noncovered | 1,254,476 | 1,353,028 | ' |
Loans receivable, Covered | 16,427 | 25,707 | ' |
Recorded loans > 90 days and accruing | 53 | 3,290 | ' |
Total | 1,270,903 | 1,378,735 | 1,763,488 |
Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 6,822 | 36,224 | ' |
90 days and greater past due | 18,613 | 38,394 | ' |
Total past due | 25,435 | 74,618 | ' |
Current | 1,229,041 | 1,278,410 | ' |
Loans receivable, Noncovered | 1,254,476 | 1,353,028 | ' |
Recorded loans > 90 days and accruing | 53 | 3,290 | ' |
Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 26 | 1,090 | ' |
90 days and greater past due | 1,259 | 3,595 | ' |
Total past due | 1,285 | 4,685 | ' |
Current | 15,142 | 21,022 | ' |
Loans receivable, Covered | 16,427 | 25,707 | ' |
Other [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 128 | 538 | ' |
90 days and greater past due | 53 | 160 | ' |
Total past due | 181 | 698 | ' |
Current | 30,857 | 35,494 | ' |
Loans receivable, Noncovered | 31,038 | 36,192 | ' |
Recorded loans > 90 days and accruing | 3 | 72 | ' |
Other [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
90 days and greater past due | ' | 2 | ' |
Total past due | ' | 2 | ' |
Current | 46 | 107 | ' |
Loans receivable, Covered | 46 | 109 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 740,997 | 870,975 | ' |
Loans receivable, Covered | 11,282 | 18,298 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 3,843 | 23,348 | ' |
90 days and greater past due | 6,564 | 18,337 | ' |
Total past due | 10,407 | 41,685 | ' |
Current | 730,590 | 829,290 | ' |
Loans receivable, Noncovered | 740,997 | 870,975 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 8 | 1,090 | ' |
90 days and greater past due | 1,202 | 3,087 | ' |
Total past due | 1,210 | 4,177 | ' |
Current | 10,072 | 14,121 | ' |
Loans receivable, Covered | 11,282 | 18,298 | ' |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 80,058 | 70,954 | ' |
Loans receivable, Covered | 3,930 | 4,881 | ' |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 284 | 1,479 | ' |
90 days and greater past due | 456 | 1,310 | ' |
Total past due | 740 | 2,789 | ' |
Current | 79,318 | 68,165 | ' |
Loans receivable, Noncovered | 80,058 | 70,954 | ' |
Recorded loans > 90 days and accruing | ' | 747 | ' |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 18 | ' | ' |
90 days and greater past due | 57 | 52 | ' |
Total past due | 75 | 52 | ' |
Current | 3,855 | 4,829 | ' |
Loans receivable, Covered | 3,930 | 4,881 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total | 148,494 | 134,791 | 235,831 |
Real Estate Construction [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 143,650 | 130,753 | ' |
Loans receivable, Covered | 198 | 382 | ' |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 569 | 3,501 | ' |
90 days and greater past due | 2,721 | 3,355 | ' |
Total past due | 3,290 | 6,856 | ' |
Current | 140,360 | 123,897 | ' |
Loans receivable, Noncovered | 143,650 | 130,753 | ' |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
90 days and greater past due | ' | 130 | ' |
Total past due | ' | 130 | ' |
Current | 198 | 252 | ' |
Loans receivable, Covered | 198 | 382 | ' |
Real Estate Construction [Member] | One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 4,646 | 3,656 | ' |
Real Estate Construction [Member] | One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 4,646 | 3,656 | ' |
Loans receivable, Noncovered | 4,646 | 3,656 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total | 255,058 | 242,535 | 349,107 |
Commercial [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 1,998 | 7,358 | ' |
90 days and greater past due | 8,819 | 15,232 | ' |
Total past due | 10,817 | 22,590 | ' |
Current | 243,270 | 217,908 | ' |
Loans receivable, Noncovered | 254,087 | 240,498 | ' |
Recorded loans > 90 days and accruing | 50 | 2,471 | ' |
Commercial [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
90 days and greater past due | ' | 324 | ' |
Total past due | ' | 324 | ' |
Current | 971 | 1,713 | ' |
Loans receivable, Covered | $971 | $2,037 | ' |
Loans_And_Allowance_For_Loan_L7
Loans And Allowance For Loan Losses (Impaired Loans) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | $33,948 | $37,302 |
With No Specific Allowance Unpaid Principal Balance | 34,726 | 45,817 |
With A Specific Allowance Recorded Investment | 27,305 | 38,372 |
With A Specific Allowance Unpaid Principal Balance | 33,171 | 41,208 |
With A Specific Allowance Related Allowance | 7,939 | 11,724 |
Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 5,847 | 4,799 |
With No Specific Allowance Unpaid Principal Balance | 6,814 | 7,568 |
With A Specific Allowance Recorded Investment | 499 | 2,268 |
With A Specific Allowance Unpaid Principal Balance | 551 | 4,080 |
With A Specific Allowance Related Allowance | 7 | 25 |
Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 32,284 | 29,425 |
With No Specific Allowance Unpaid Principal Balance | 32,784 | 30,340 |
With A Specific Allowance Recorded Investment | 15,446 | 24,630 |
With A Specific Allowance Unpaid Principal Balance | 15,729 | 27,397 |
With A Specific Allowance Related Allowance | 4,012 | 5,094 |
Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 5,793 | 4,325 |
With No Specific Allowance Unpaid Principal Balance | 6,760 | 5,347 |
With A Specific Allowance Recorded Investment | 457 | 2,214 |
With A Specific Allowance Unpaid Principal Balance | 457 | 3,979 |
With A Specific Allowance Related Allowance | 3 | 22 |
One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 456 | 563 |
With No Specific Allowance Unpaid Principal Balance | 576 | 653 |
With A Specific Allowance Recorded Investment | ' | 7 |
With A Specific Allowance Unpaid Principal Balance | ' | 7 |
With A Specific Allowance Related Allowance | ' | 7 |
One-To-Four Family Residential [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 54 | 20 |
With No Specific Allowance Unpaid Principal Balance | 54 | 25 |
With A Specific Allowance Recorded Investment | 42 | 52 |
With A Specific Allowance Unpaid Principal Balance | 94 | 98 |
With A Specific Allowance Related Allowance | 4 | 2 |
Real Estate Construction [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 84 | 3,970 |
With No Specific Allowance Unpaid Principal Balance | 106 | 7,841 |
With A Specific Allowance Recorded Investment | 2,636 | 232 |
With A Specific Allowance Unpaid Principal Balance | 2,762 | 256 |
With A Specific Allowance Related Allowance | 18 | 50 |
Real Estate Construction [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | ' | 130 |
With No Specific Allowance Unpaid Principal Balance | ' | 308 |
Commercial [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 1,120 | 3,337 |
With No Specific Allowance Unpaid Principal Balance | 1,254 | 6,975 |
With A Specific Allowance Recorded Investment | 9,177 | 13,422 |
With A Specific Allowance Unpaid Principal Balance | 14,608 | 13,448 |
With A Specific Allowance Related Allowance | 3,863 | 6,492 |
Commercial [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | ' | 322 |
With No Specific Allowance Unpaid Principal Balance | ' | 1,884 |
With A Specific Allowance Recorded Investment | ' | 2 |
With A Specific Allowance Unpaid Principal Balance | ' | 3 |
With A Specific Allowance Related Allowance | ' | 1 |
Other [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 4 | 7 |
With No Specific Allowance Unpaid Principal Balance | 6 | 8 |
With A Specific Allowance Recorded Investment | 46 | 81 |
With A Specific Allowance Unpaid Principal Balance | 72 | 100 |
With A Specific Allowance Related Allowance | 46 | 81 |
Other [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | ' | 2 |
With No Specific Allowance Unpaid Principal Balance | ' | $4 |
Loans_And_Allowance_For_Loan_L8
Loans And Allowance For Loan Losses (Average Recorded Investment And Interest Income Recognized On Impaired Loans) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | $62,216 | $45,905 | $28,792 |
Interest Income | 1,871 | 1,713 | 3,411 |
Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 21,383 | 30,791 | 45,412 |
Interest Income | 329 | 185 | ' |
Commercial Real Estate [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 47,835 | 36,373 | 10,012 |
Interest Income | 1,784 | 1,517 | 1,852 |
Commercial Real Estate [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 15,290 | 21,110 | 26,642 |
Interest Income | 328 | 184 | ' |
One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 362 | 427 | 1,317 |
Interest Income | ' | 8 | 8 |
One-To-Four Family Residential [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 4,283 | 5,627 | 7,926 |
Interest Income | 1 | 1 | ' |
Real Estate Construction [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 2,488 | 4,507 | 8,222 |
Interest Income | ' | 51 | 805 |
Real Estate Construction [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 313 | 1,721 | 6,003 |
Commercial [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 11,468 | 4,494 | 9,144 |
Interest Income | 87 | 137 | 746 |
Commercial [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 1,431 | 2,175 | 4,403 |
Other [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | 63 | 104 | 97 |
Other [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment | $66 | $158 | $438 |
Loans_And_Allowance_For_Loan_L9
Loans And Allowance For Loan Losses (Troubled Debt Restructured Loans Outstanding) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | $45,987 | $44,042 |
Nonaccrual | 5,312 | 3,649 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 44,442 | 39,170 |
Nonaccrual | 4,456 | 2,953 |
One-To-Four Family Residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 18 | 27 |
Nonaccrual | 162 | 134 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | ' | 847 |
Nonaccrual | ' | 130 |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 1,527 | 3,998 |
Nonaccrual | 648 | 351 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccrual | $46 | $81 |
Recovered_Sheet2
Loans And Allowance For Loan Losses (Loans Modified As Troubled Debt Restructurings) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 15 | 24 |
Recorded Investment | $5,584 | $27,078 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 9 | 12 |
Recorded Investment | 4,732 | 22,713 |
One-To-Four Family Residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 1 | 3 |
Recorded Investment | 68 | 110 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | ' | 1 |
Recorded Investment | ' | 847 |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 5 | 7 |
Recorded Investment | 784 | 3,328 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | ' | 1 |
Recorded Investment | ' | $80 |
Recovered_Sheet3
Loans And Allowance For Loan Losses (Recorded Investment And The Number Of Loans Modified As Troubled Debt Restructuring Which Subsequently Defaulted) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | 4 |
Recorded Investment | $166 | $1,788 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Recorded Investment | 166 | ' |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 3 |
Recorded Investment | ' | 1,658 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Recorded Investment | ' | $130 |
Recovered_Sheet4
Loans And Allowance For Loan Losses (Classification Of Risk Category Of Loans, By Classes) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | $1,270,903 | $1,378,735 | $1,763,488 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 1,058,203 | 1,117,295 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 93,231 | 123,260 | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 113,979 | 134,614 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 5,490 | 3,566 | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 752,279 | 889,273 | 1,052,247 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 610,929 | 718,054 | ' |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 62,932 | 88,167 | ' |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 77,453 | 80,104 | ' |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 965 | 2,948 | ' |
One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 83,988 | 75,835 | 87,447 |
One-To-Four Family Residential [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 81,534 | 71,975 | ' |
One-To-Four Family Residential [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 1,452 | 1,901 | ' |
One-To-Four Family Residential [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 944 | 1,923 | ' |
One-To-Four Family Residential [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 58 | 36 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 148,494 | 134,791 | 235,831 |
Real Estate Construction [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 101,715 | 83,350 | ' |
Real Estate Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 22,576 | 25,964 | ' |
Real Estate Construction [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 24,203 | 25,477 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 255,058 | 242,535 | 349,107 |
Commercial [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 233,132 | 208,019 | ' |
Commercial [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 6,130 | 7,047 | ' |
Commercial [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 11,329 | 26,887 | ' |
Commercial [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 4,467 | 582 | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 31,084 | 36,301 | 38,856 |
Other [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 30,893 | 35,897 | ' |
Other [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 141 | 181 | ' |
Other [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | $50 | $223 | ' |
Recovered_Sheet5
Loans And Allowance For Loan Losses (By Balance In The Allowance For Loan Losses And The Recorded Investment In Loans Portfolio Classification Disaggregated On The Basis Of Impairment Evaluation Method) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | $46,718 | $44,684 | $65,229 |
Loans charged-off | -10,004 | -7,540 | -156,625 |
Recoveries | 7,158 | 6,467 | 3,979 |
Provision for loan losses | -7,209 | 3,107 | 132,101 |
Balance at end of period | 36,663 | 46,718 | 44,684 |
Individually evaluated for impairment | 7,939 | 11,724 | 966 |
Collectively evaluated for impairment | 28,668 | 34,770 | 43,267 |
Acquired with deteriorated credit quality | 56 | 224 | 451 |
Individually evaluated for impairment | 61,253 | 75,674 | 45,765 |
Collectively evaluated for impairment | 1,193,223 | 1,277,354 | 1,680,108 |
Acquired with deteriorated credit quality | 16,427 | 25,707 | 37,615 |
Total ending loans balance | 1,270,903 | 1,378,735 | 1,763,488 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 27,223 | 21,749 | 32,508 |
Loans charged-off | -806 | -2,167 | -71,066 |
Recoveries | 171 | 58 | 411 |
Provision for loan losses | -7,734 | 7,583 | 59,896 |
Balance at end of period | 18,854 | 27,223 | 21,749 |
Individually evaluated for impairment | 4,012 | 5,094 | 411 |
Collectively evaluated for impairment | 14,839 | 21,975 | 21,198 |
Acquired with deteriorated credit quality | 3 | 154 | 140 |
Individually evaluated for impairment | 47,730 | 54,055 | 21,701 |
Collectively evaluated for impairment | 693,267 | 816,920 | 1,006,860 |
Acquired with deteriorated credit quality | 11,282 | 18,298 | 23,686 |
Total ending loans balance | 752,279 | 889,273 | 1,052,247 |
One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 861 | 1,016 | 1,597 |
Loans charged-off | -578 | -269 | -346 |
Recoveries | 253 | 271 | 67 |
Provision for loan losses | 314 | -157 | -302 |
Balance at end of period | 850 | 861 | 1,016 |
Individually evaluated for impairment | ' | 7 | 21 |
Collectively evaluated for impairment | 797 | 785 | 981 |
Acquired with deteriorated credit quality | 53 | 69 | 14 |
Individually evaluated for impairment | 456 | 570 | 1,468 |
Collectively evaluated for impairment | 79,602 | 70,384 | 78,907 |
Acquired with deteriorated credit quality | 3,930 | 4,881 | 7,072 |
Total ending loans balance | 83,988 | 75,835 | 87,447 |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 5,271 | 11,177 | 19,605 |
Loans charged-off | 246 | ' | -62,070 |
Recoveries | 4,527 | 1,972 | 1,521 |
Provision for loan losses | -4,521 | -7,878 | 52,121 |
Balance at end of period | 5,523 | 5,271 | 11,177 |
Individually evaluated for impairment | 18 | 50 | 73 |
Collectively evaluated for impairment | 5,505 | 5,221 | 10,846 |
Acquired with deteriorated credit quality | ' | ' | 258 |
Individually evaluated for impairment | 2,720 | 4,202 | 11,983 |
Collectively evaluated for impairment | 145,576 | 130,207 | 220,102 |
Acquired with deteriorated credit quality | 198 | 382 | 3,746 |
Total ending loans balance | 148,494 | 134,791 | 235,831 |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 12,604 | 9,827 | 10,605 |
Loans charged-off | -8,599 | -4,455 | -22,103 |
Recoveries | 2,049 | 3,671 | 1,864 |
Provision for loan losses | 4,931 | 3,561 | 19,461 |
Balance at end of period | 10,985 | 12,604 | 9,827 |
Individually evaluated for impairment | 3,863 | 6,492 | 349 |
Collectively evaluated for impairment | 7,122 | 6,111 | 9,439 |
Acquired with deteriorated credit quality | ' | 1 | 39 |
Individually evaluated for impairment | 10,297 | 16,759 | 10,490 |
Collectively evaluated for impairment | 243,790 | 223,739 | 335,776 |
Acquired with deteriorated credit quality | 971 | 2,037 | 2,841 |
Total ending loans balance | 255,058 | 242,535 | 349,107 |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 759 | 915 | 914 |
Loans charged-off | -267 | -649 | -1,040 |
Recoveries | 158 | 495 | 116 |
Provision for loan losses | -199 | -2 | 925 |
Balance at end of period | 451 | 759 | 915 |
Individually evaluated for impairment | 46 | 81 | 112 |
Collectively evaluated for impairment | 405 | 678 | 803 |
Individually evaluated for impairment | 50 | 88 | 123 |
Collectively evaluated for impairment | 30,988 | 36,104 | 38,463 |
Acquired with deteriorated credit quality | 46 | 109 | 270 |
Total ending loans balance | $31,084 | $36,301 | $38,856 |
Premises_And_Equipment_Narrati
Premises And Equipment (Narrative) (Details) (USD $) | 12 Months Ended | 24 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Premises And Equipment [Abstract] | ' | ' | ' | ' |
Depreciation of premises and equipment | ' | ' | $2.60 | $2.50 |
Total rental expense | $2.60 | $2.50 | $2.60 | ' |
Premises_And_Equipment_Premise
Premises And Equipment (Premises And Equipment) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Premises And Equipment [Abstract] | ' | ' |
Land | $6,057 | $6,059 |
Buildings and improvements | 21,751 | 18,237 |
Furniture, fixtures, and equipment | 27,268 | 30,911 |
Construction/Remodeling in progress | 1,159 | 129 |
Total premises and equipment, gross | 56,235 | 55,336 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | -35,402 | -33,645 |
Total premises and equipment, net | $20,833 | $21,691 |
Premises_And_Equipment_Future_
Premises And Equipment (Future Minimum Annual Rental Payments) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Premises And Equipment [Abstract] | ' |
2013 | $2,407 |
2014 | 2,043 |
2015 | 1,204 |
2016 | 143 |
2017 | 72 |
Total | $5,869 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Narrative) (Details) (USD $) | 12 Months Ended | 24 Months Ended | 24 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Oklahoma Banking [Member] | Texas Banking [Member] | Core Deposits [Member] | Servicing Contracts [Member] | Servicing Contracts [Member] | ||||
Goodwill impairment | ' | $0 | ' | ' | ' | ' | ' | ' |
Goodwill | 1,214,000 | 1,214,000 | 1,214,000 | 200,000 | 1,000,000 | ' | ' | ' |
Amortization | ' | ' | ' | ' | ' | $500,000 | $800,000 | $700,000 |
Weighted average amortization period for Core Deposit Intangibles | '10 years | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet6
Goodwill and Other Intangible Assets (Gross Carrying Amount of Other Intangible Assets and Accumulated Amortization) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Intangible assets, net | $4,980 | $4,864 |
Core Deposits [Member] | ' | ' |
Finite-Lived Intangible Assets, Gross | 5,400 | 5,400 |
Finite-Lived Intangible Assets, Accumulated Amortization | -3,343 | -2,857 |
Other Intangible assets, net | 2,057 | 2,543 |
Servicing Contracts [Member] | ' | ' |
Finite-Lived Intangible Assets, Gross | 11,689 | 10,257 |
Finite-Lived Intangible Assets, Accumulated Amortization | -8,766 | -7,936 |
Other Intangible assets, net | $2,923 | $2,321 |
Recovered_Sheet7
Goodwill and Other Intangible Assets (Estimated Aggregate Future Amortization Expense for Other Intangible Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
2013 | $1,026 | ' |
2014 | 950 | ' |
2015 | 825 | ' |
2016 | 582 | ' |
2017 | 456 | ' |
Thereafter | 1,141 | ' |
Other Intangible assets, net | 4,980 | 4,864 |
Core Deposits [Member] | ' | ' |
2013 | 514 | ' |
2014 | 474 | ' |
2015 | 425 | ' |
2016 | 249 | ' |
2017 | 182 | ' |
Thereafter | 213 | ' |
Other Intangible assets, net | 2,057 | 2,543 |
Servicing Contracts [Member] | ' | ' |
2013 | 512 | ' |
2014 | 476 | ' |
2015 | 400 | ' |
2016 | 333 | ' |
2017 | 274 | ' |
Thereafter | 928 | ' |
Other Intangible assets, net | $2,923 | $2,321 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Private equity investment Southwest's proportionate share of the net asset value | $2.40 | $1.70 |
Impairment charges of mortgage loan servicing rights | ' | 0.5 |
Noncovered [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Noncovered impaired loans carrying amount | 45.5 | 61 |
Noncovered impaired loans measured at fair value | 32.3 | 46.9 |
Noncovered impaired loans life to date impairment | 27.3 | 14.1 |
Provision for loan losses | 0.1 | 9.8 |
Impairment charge of other real estate assets | 1.5 | 4 |
Covered [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Impairment charge of other real estate assets | $0.70 | $0.20 |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Financial Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | $382,479 | $364,315 |
Parent Company [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 3,161 | 2,462 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets at Fair Value on a recurring basis | 383,572 | 392,802 |
Fair Value, Measurements, Recurring [Member] | Student Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | ' | 4,680 |
Fair Value, Measurements, Recurring [Member] | One-To-Four Family Residential [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 2,235 | 5,112 |
Fair Value, Measurements, Recurring [Member] | Government Guaranteed Commercial Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 769 | 21,794 |
Fair Value, Measurements, Recurring [Member] | Other Loans Held For Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 56 | 96 |
Fair Value, Measurements, Recurring [Member] | Federal Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 120,773 | 115,614 |
Fair Value, Measurements, Recurring [Member] | Obligations Of State And Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 32,636 | 35,558 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 183,170 | 203,675 |
Fair Value, Measurements, Recurring [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 9,482 | 7,671 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 36,418 | 1,797 |
Fair Value, Measurements, Recurring [Member] | Derivative Instrument [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative instrument | -1,967 | -3,195 |
Fair Value, Measurements, Recurring [Member] | Level 1 Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets at Fair Value on a recurring basis | 151 | 111 |
Fair Value, Measurements, Recurring [Member] | Level 1 Inputs [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 151 | 111 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets at Fair Value on a recurring basis | 383,421 | 392,691 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Student Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | ' | 4,680 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | One-To-Four Family Residential [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 2,235 | 5,112 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Government Guaranteed Commercial Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 769 | 21,794 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Other Loans Held For Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 56 | 96 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Federal Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 120,773 | 115,614 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Obligations Of State And Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 32,636 | 35,558 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Residential Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 183,170 | 203,675 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 9,482 | 7,671 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale (amortized cost of $385,423 and $358,317, respectively) | 36,267 | 1,686 |
Fair Value, Measurements, Recurring [Member] | Level 2 Inputs [Member] | Derivative Instrument [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative instrument | ($1,967) | ($3,195) |
Fair_Value_Measurements_Asset_
Fair Value Measurements (Asset Measured At Fair Value On A Nonrecurring Basis) (Details) (Fair Value Measurements Nonrecurring [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | $38,427 | $64,225 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -2,119 | -14,398 |
Commercial Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 20,423 | 33,137 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | 3,075 | -6,674 |
One-To-Four Family Residential [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 23 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | -7 |
Real Estate Construction [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,636 | 232 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -18 | 3,532 |
Commercial [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 9,176 | 13,473 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -2,989 | -6,637 |
Other Consumer [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 46 | 81 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | 35 | 31 |
Noncovered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 560 | 11,315 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -1,520 | -3,998 |
Covered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,094 | 3,643 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -702 | -180 |
Mortgage Loan Servicing Rights [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 3,492 | 2,321 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | -465 |
Level 2 Inputs [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 34,935 | 61,904 |
Level 2 Inputs [Member] | Commercial Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 20,423 | 33,137 |
Level 2 Inputs [Member] | One-To-Four Family Residential [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 23 |
Level 2 Inputs [Member] | Real Estate Construction [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,636 | 232 |
Level 2 Inputs [Member] | Commercial [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 9,176 | 13,473 |
Level 2 Inputs [Member] | Other Consumer [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 46 | 81 |
Level 2 Inputs [Member] | Noncovered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 560 | 11,315 |
Level 2 Inputs [Member] | Covered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,094 | 3,643 |
Level 3 Inputs [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 3,492 | 2,321 |
Level 3 Inputs [Member] | Mortgage Loan Servicing Rights [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | $3,492 | $2,321 |
Fair_Value_Measurements_Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments Segregated By The Level Of The Valuation Inputs) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Held to maturity securities, fair value | $12,115 | $13,659 |
Accrued interest receivable | 5,335 | 6,365 |
Financial Liabilities: | ' | ' |
Accrued interest payable | 832 | 1,116 |
Other borrowings | 80,632 | 70,362 |
Carrying Values [Member] | Level 2 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 279,839 | 288,079 |
Held to maturity securities, fair value | 11,720 | 12,797 |
Accrued interest receivable | 5,335 | 6,365 |
Investments included in other assets | 8,140 | 8,531 |
Financial Liabilities: | ' | ' |
Deposits | 1,584,086 | 1,709,578 |
Accrued interest payable | 832 | 1,116 |
Other liabilities | 8,248 | 9,985 |
Derivative instrument | 1,967 | 3,195 |
Other borrowings | 80,632 | 70,362 |
Subordinated debentures | 46,393 | 81,963 |
Carrying Values [Member] | Level 3 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Total loans, net of allowance | 1,234,240 | 1,332,017 |
Fair Values [Member] | Level 2 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 279,839 | 288,079 |
Held to maturity securities, fair value | 12,115 | 13,659 |
Accrued interest receivable | 5,335 | 6,365 |
Investments included in other assets | 8,140 | 8,531 |
Financial Liabilities: | ' | ' |
Deposits | 1,486,939 | 1,666,653 |
Accrued interest payable | 832 | 1,116 |
Other liabilities | 8,248 | 9,985 |
Derivative instrument | 1,967 | 3,195 |
Other borrowings | 83,593 | 74,057 |
Subordinated debentures | 46,393 | 82,998 |
Fair Values [Member] | Level 3 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Total loans, net of allowance | $1,190,869 | $1,301,942 |
Deposits_Narrative_Details
Deposits (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Deposit Liabilities Reclassified as Loans Receivable | $0.50 | $0.40 |
Certificate of Deposits Account Registry Services Deposits | $1.30 | $9.90 |
Operating_Segments_Narrative_D
Operating Segments (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
segment | |
Operating Segments [Abstract] | ' |
Number of principal segments | 5 |
Deposits_Schedule_Of_Deposits_
Deposits (Schedule Of Deposits) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Deposits [Abstract] | ' | ' | ' |
Noninterest-bearing demand | $444,796 | $424,008 | ' |
Interest-bearing demand | 120,156 | 112,012 | ' |
Money market accounts | 439,981 | 423,417 | ' |
Savings accounts | 41,727 | 37,693 | ' |
Time deposits of $100,000 or more | 251,185 | 351,273 | ' |
Other time deposits | 286,241 | 361,175 | ' |
Total deposits | $1,584,086 | $1,709,578 | $1,921,382 |
Deposits_Time_Deposits_Maturit
Deposits (Time Deposits Maturities) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Deposits [Abstract] | ' |
2013 | $380,504 |
2014 | 96,028 |
2015 | 31,540 |
2016 | 20,738 |
2017 | 8,616 |
Total time deposits | $537,426 |
Borrowed_Funds_Narrative_Detai
Borrowed Funds (Narrative) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
entity | ||
Federal funds purchase line available under repurchase agreements | $150,000,000 | ' |
Number of Entities with Repurchase Agreement Lines Available | 5 | ' |
Repurchase Agreement transaction period | 'one-to-four day | ' |
Number of Repurchase Agreements that Exceed Ten Percent of Equity Capital | 0 | ' |
Loans pledged under FHLB agreement | 517,800,000 | 532,900,000 |
Investment Securities Pledged Under FHLB Agreement | 50,100,000 | 12,200,000 |
Total Amount Available Under the Borrower-In-Custody Program | 0 | ' |
First Year of Scheduled FHLB Principlal Payments | '2016 | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 44,600,000 | ' |
Bank SNB [Member] | ' | ' |
Federal Home Loan Bank Advances | $25,000,000 | ' |
Borrowed_Funds_Schedule_Of_Bor
Borrowed Funds (Schedule Of Borrowed Funds) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Short-term Debt | $80,632 | $70,362 |
Securities Sold under Agreements to Repurchase [Member] | ' | ' |
Short-term Debt | 55,632 | 45,362 |
Short-term Debt, Average Outstanding Amount | 49,115 | 36,823 |
Short-term Debt, Weighted Average Interest Rate | 0.05% | 0.05% |
Federal Home Loan Bank Advances [Member] | ' | ' |
Short-term Debt | 25,000 | 25,000 |
Short-term Debt, Average Outstanding Amount | $25,000 | $25,000 |
Short-term Debt, Weighted Average Interest Rate | 3.47% | 3.48% |
Subordinated_Debentures_Narrat
Subordinated Debentures (Narrative) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Subordinated Borrowing [Line Items] | ' | ' |
Trust Preferred Securities | $45,000,000 | $79,500,000 |
Subordinated debentures | 46,393,000 | 81,963,000 |
Investment in common equity issued by Trusts | 1,400,000 | ' |
OKSB Statutory Trust I [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Trust Preferred Securities | 20,000,000 | 20,000,000 |
Adjustable rate | '90-day LIBOR | ' |
Adjustable rate, additional percentage | 3.10% | ' |
Amount of trust common equity sold to Southwest | 600,000 | ' |
Subordinated debentures | 20,619,000 | 20,619,000 |
Outstanding common securities of the Trust | 619 | ' |
Trust liquidation value per share | $1,000 | ' |
SBI Capital Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Trust Preferred Securities | 25,000,000 | 25,000,000 |
Adjustable rate | '90-day LIBOR | ' |
Adjustable rate, additional percentage | 2.85% | ' |
Amount of trust common equity sold to Southwest | 800,000 | ' |
Subordinated debentures | 25,774,000 | 25,774,000 |
Outstanding common securities of the Trust | 774 | ' |
Trust liquidation value per share | $1,000 | ' |
Southwest Capital Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Trust Preferred Securities | 34,500,000 | 34,500,000 |
Adjustable rate, additional percentage | 10.50% | ' |
Amount of trust common equity sold to Southwest | 1,100,000 | ' |
Subordinated debentures | ' | 35,570,000 |
OKSB Subordinated Debentures [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Adjustable rate | '90-day LIBOR | ' |
Adjustable rate, additional percentage | 3.10% | ' |
Principal amount of subordinated debentures | 20,600,000 | ' |
SBI II Subordinated Debentures [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Adjustable rate, additional percentage | 2.85% | ' |
Principal amount of subordinated debentures | 25,800,000 | ' |
OKSBP Subordinated Debentures [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Adjustable rate, additional percentage | 10.50% | ' |
Principal amount of subordinated debentures | 35,600,000 | ' |
Trust Preferred Securities [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Trust liquidation value per share | $25 | ' |
Tier one capital | $45,000,000 | ' |
Subordinated_Debentures_Schedu
Subordinated Debentures (Schedule of Trust Preferred Securities) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Subordinated Borrowing [Line Items] | ' | ' |
Subordinated debentures | $46,393 | $81,963 |
Trust Preferred Securities of the Trusts | 45,000 | 79,500 |
OKSB Statutory Trust I [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Subordinated debentures | 20,619 | 20,619 |
Trust Preferred Securities of the Trusts | 20,000 | 20,000 |
Rates | 3.35% | 3.41% |
Final Maturity Date | 26-Jun-33 | 26-Jun-33 |
SBI Capital Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Subordinated debentures | 25,774 | 25,774 |
Trust Preferred Securities of the Trusts | 25,000 | 25,000 |
Rates | 3.09% | 3.19% |
Final Maturity Date | 7-Oct-33 | 7-Oct-33 |
Southwest Capital Trust II [Member] | ' | ' |
Subordinated Borrowing [Line Items] | ' | ' |
Subordinated debentures | ' | 35,570 |
Trust Preferred Securities of the Trusts | $34,500 | $34,500 |
Rates | ' | 10.50% |
Final Maturity Date | ' | 15-Sep-38 |
Derivative_Instruments_Details
Derivative Instruments (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Derivative Instruments [Abstract] | ' | ' |
Interest rate swap agreement Notional amount | $25 | ' |
Interest payment period | '7 years | ' |
Fixed interest rate | 6.15% | ' |
Variable rate basis | 'three-month LIBOR | ' |
Variable interest rate | 2.85% | ' |
Rate received by Southwest | 3.09% | ' |
Pretax loss related to derivative contracts | 2 | 3.2 |
Gain or loss due to changes in the fair value of the derivative hedging instrument | 0.7 | 0.2 |
Net cash flows as a result of the interest rate swap agreement | 0.8 | 0.7 |
The fair value of cash and securities posted as collateral | $4.10 | $4.20 |
Taxes_On_Income_Narrative_Deta
Taxes On Income (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Effective Income Tax Rate, Continuing Operations | 38.20% | 37.90% | -39.00% |
Effective tax rate | 38.20% | 37.90% | -39.00% |
Operating loss carryforward period | '20 years | ' | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $2,500,000 | ' | ' |
Alternative minimum tax credit carryforward | 2,500,000 | ' | ' |
Net deferred tax assets | 24,937,000 | 32,183,000 | ' |
Cumulative pretax loss position period | '3 years | ' | ' |
Nonrecurring sale of nonperforming assets | ' | 101,000,000 | ' |
Internal Revenue Service (IRS) [Member] | ' | ' | ' |
Federal net operating loss carryforward | 10,700,000 | ' | ' |
Operating Loss Carryforward Expiration Date | '2031 | ' | ' |
State and Local Jurisdiction [Member] | ' | ' | ' |
Federal net operating loss carryforward | 53,100,000 | ' | ' |
Operating Loss Carryforward Expiration Date | '2031 | ' | ' |
State And Local Jurisdiction Second Expiration [Member] | ' | ' | ' |
Federal net operating loss carryforward | $600,000 | ' | ' |
Operating Loss Carryforward Expiration Date | '2021 | ' | ' |
Taxes_On_Income_Tax_Components
Taxes On Income (Tax Components) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current tax (benefit) expense: | ' | ' | ' |
Federal | $462 | $712 | ($18,319) |
State | 74 | 232 | -4,875 |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' |
Federal | 9,362 | 8,145 | -18,375 |
State | 858 | 794 | -2,088 |
Income Tax Expense (Benefit), Total | 10,756 | 9,883 | -43,657 |
Parent Company [Member] | ' | ' | ' |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' |
Income Tax Expense (Benefit), Total | ($2,027) | ($2,900) | ($2,563) |
Taxes_On_Income_Reconciliation
Taxes On Income (Reconciliation from the Expected Tax Expense (Benefit) Using the U.S. Federal Income Tax Rate) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Computed tax (benefit) expense at statutory rates | $9,867 | $9,124 | ($39,183) |
Increase (decrease) in income taxes results from: | ' | ' | ' |
Benefit of income not subject to U.S. Federal income tax | -213 | -213 | -165 |
Expenses not deductible for U.S. Federal income tax | 96 | 150 | 124 |
State income taxes, net of Federal income tax benefit | 749 | 476 | -3,755 |
Reversal of FIN 48 Reserve | ' | ' | -953 |
Texas tax refund (federally tax affected) | ' | 50 | ' |
Other | 181 | 296 | 275 |
Income Tax Expense (Benefit), Total | 10,756 | 9,883 | -43,657 |
Tax Credit Recapture | 76 | ' | ' |
Parent Company [Member] | ' | ' | ' |
Increase (decrease) in income taxes results from: | ' | ' | ' |
Income Tax Expense (Benefit), Total | ($2,027) | ($2,900) | ($2,563) |
Taxes_on_Income_Temporary_Diff
Taxes on Income (Temporary Differences That Give Rise to the Deferred Tax Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Provision for loan losses | $15,072 | $19,246 |
Net operating loss carryforward | 5,065 | 12,674 |
Tax credit carryforward | 3,443 | 3,070 |
Write-down on other real estate | ' | 1,669 |
Nonaccrual loan interest | 539 | 527 |
Deferred compensation & profit sharing accrual | 173 | 551 |
Investments | 468 | 457 |
Section 597 gain - FNBA FDIC assisted acquistion | 1,214 | -119 |
Accrued Expenses | 812 | ' |
Other | 43 | -51 |
Total deferred tax assets | 26,829 | 38,024 |
Deferred tax liabilities: | ' | ' |
Accumulated depreciation | -2,476 | -2,835 |
Amortizable assets | -614 | -749 |
Dividend - Equity vs. Cost Method | -316 | -492 |
Prepaid expenses | -188 | -254 |
FHLB stock dividends | -192 | -220 |
Stock-based compensation | -6 | -216 |
Total deferred tax liabilities | -3,792 | -4,766 |
Deferred taxes (payable) receivable on investment securities available for sale | 1,900 | -1,075 |
Net deferred tax assets | $24,937 | $32,183 |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
Dec. 05, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common stock reserved for issuance | ' | 800,000 | ' | ' |
Net proceeds from issuance of common stock | ' | $229,000 | $127,000 | $64,000 |
Preferred stock share issued | 70,000 | ' | ' | ' |
Preferred stock par value | $1,000 | ' | ' | ' |
Preferred stock liquidation amount per share | $1,000 | ' | ' | ' |
Preferred stock liquidation amount | 70,000,000 | ' | ' | ' |
Preferred stock dividend percentage | 5.00% | ' | ' | ' |
Preferred stock dividend percentage, thereafter | 9.00% | ' | ' | ' |
Preferred stock redemption restriction period | ' | '5 years | ' | ' |
Warrant issued | 703,753 | ' | ' | ' |
Warrant exercise price | $14.92 | ' | ' | ' |
Warrant expiration period | '10 years | ' | ' | ' |
Preferred stock allocated amount | 3,700,000 | ' | ' | ' |
Preferred Stock, Accretion of Redemption Discount | ' | 0 | 1,500,000 | 700,000 |
Amount of Treasury Department Shares Repurchased | ' | 70,000 | ' | ' |
Accelerated accretion of discount from repurchase of Treasury Department Shares | ' | 1,200,000 | ' | ' |
Series B Preferred Stock [Member] | ' | ' | ' | ' |
Preferred stock allocated amount | $66,300,000 | ' | ' | ' |
Employee Stock Purchase Plan [Member] | ' | ' | ' | ' |
Common stock reserved for issuance | ' | 150,000 | ' | ' |
Common stock issued, shares | ' | 56,136 | ' | ' |
Treasury shares reissued | ' | 52,500 | ' | ' |
2008 Stock Based Award Plan [Member] | ' | ' | ' | ' |
Common stock reserved for issuance | ' | 800,000 | ' | ' |
Treasury shares reissued | ' | 25,725 | ' | ' |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Computation of basic and diluted earnings per common share | ' | ' | ' |
Antidilutive options to purchase common shares | 0 | 5,000 | 73,814 |
Numerator: | ' | ' | ' |
Net income | $17,435 | $16,187 | ($68,295) |
Preferred dividend | ' | -2,196 | -3,522 |
Warrant amortization | ' | -1,545 | -731 |
Net income available to common shareholders | 17,435 | 12,446 | -72,548 |
Earnings allocated to participating securities | -139 | ' | ' |
Numerator for basic earnings per common share | 17,296 | 12,446 | -72,548 |
Effect of reallocating undistributed earnings of participating securities | 139 | ' | ' |
Numerator for diluted earnings per common share | $17,435 | $12,446 | ($72,548) |
Denominator: | ' | ' | ' |
Weighted average common shares outstanding | 19,516,776 | 19,374,098 | 19,414,231 |
Effect of dilutive securities: | ' | ' | ' |
Stock options | 87,469 | ' | ' |
Denominator for diluted earnings per common share | 19,604,245 | 19,374,098 | 19,414,231 |
Earnings per common share: | ' | ' | ' |
Basic | $0.89 | $0.64 | ($3.73) |
Diluted | $0.89 | $0.64 | ($3.73) |
Capital_Requirements_And_Regul1
Capital Requirements And Regulatory Agreements (Narrative) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Bank SNB [Member] | ' | ' |
Capital to risk weighted assets per agreement | 19.83% | ' |
Tier one leverage ratio as per agreement | 13.62% | ' |
Total risk based capital ratio to be well capitalized | 10.00% | ' |
Tier 1 risk based capital ratio to be well capitalized | 6.00% | ' |
Leverage ratio | 5.00% | ' |
Available amount for dividend payment | $19.50 | $65 |
Stillwater National [Member] | ' | ' |
Capital to risk weighted assets per agreement | ' | 19.55% |
Tier one leverage ratio as per agreement | ' | 13.14% |
Total risk based capital ratio to be well capitalized | ' | 10.00% |
Tier 1 risk based capital ratio to be well capitalized | ' | 6.00% |
Leverage ratio | ' | 5.00% |
Bank Of Kansas [Member] | ' | ' |
Capital to risk weighted assets per agreement | ' | 18.37% |
Tier one leverage ratio as per agreement | ' | 10.02% |
Total risk based capital ratio to be well capitalized | ' | 10.00% |
Tier 1 risk based capital ratio to be well capitalized | ' | 6.00% |
Leverage ratio | ' | 5.00% |
Capital_Requirements_And_Regul2
Capital Requirements And Regulatory Agreements (Southwestbs, Stillwater Nationalbs, and Bank of Kansasb Actual Capital Amounts And Ratios) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Southwest [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital, Actual, Amount | $310,867 | $339,964 |
Total Capital to risk-weighted assets, Actual, Ratio | 21.59% | 21.56% |
Total Capital, For Capital Adequacy Purposes, Amount | 115,194 | 126,122 |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Tier 1 Capital, Actual, Amount | 292,051 | 319,665 |
Tier 1 Capital to risk-weighted assets, Actual, Ratio | 20.28% | 20.28% |
Tier 1 Capital, For Capital Adequacy Purposes, Amount | 57,597 | 63,061 |
Tier 1 Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier 1 Leverage, Actual, Amount | 292,051 | 319,665 |
Tier 1 Leverage to average assets, Actual, Ratio | 14.86% | 15.01% |
Tier 1 Leverage, For Capital Adequacy Purposes, Amount | 78,597 | 85,201 |
Tier 1 Leverage to average assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Stillwater National [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital, Actual, Amount | ' | 269,323 |
Total Capital to risk-weighted assets, Actual, Ratio | ' | 19.55% |
Total Capital, To Be Well Capitalized, Amount | ' | 137,793 |
Total Capital to risk-weighted assets, To Be Well Capitalized, Ratio | ' | 10.00% |
Total Capital, For Capital Adequacy Purposes, Amount | ' | 110,234 |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | ' | 8.00% |
Tier 1 Capital, Actual, Amount | ' | 236,705 |
Tier 1 Capital to risk-weighted assets, Actual, Ratio | ' | 17.18% |
Tier 1 Capital, To Be Well Capitalized, Amount | ' | 82,676 |
Tier 1 Capital to risk-weighted assets, To Be Well Capitalized, Ratio | ' | 6.00% |
Tier 1 Capital, For Capital Adequacy Purposes, Amount | ' | 55,117 |
Tier 1 Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | ' | 4.00% |
Tier 1 Leverage, Actual, Amount | ' | 236,705 |
Tier 1 Leverage to average assets, Actual, Ratio | ' | 13.14% |
Tier 1 Leverage, To Be Well Capitalized, Amount | ' | 90,088 |
Tier 1 Leverage to average assets, To Be Well Capitalized, Ratio | ' | 5.00% |
Tier 1 Leverage, For Capital Adequacy Purposes, Amount | ' | 72,070 |
Tier 1 Leverage to average assets, For Capital Adequacy Purposes, Ratio | ' | 4.00% |
Bank Of Kansas [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital, Actual, Amount | ' | 33,356 |
Total Capital to risk-weighted assets, Actual, Ratio | ' | 18.37% |
Total Capital, To Be Well Capitalized, Amount | ' | 18,161 |
Total Capital to risk-weighted assets, To Be Well Capitalized, Ratio | ' | 10.00% |
Total Capital, For Capital Adequacy Purposes, Amount | ' | 14,529 |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | ' | 8.00% |
Tier 1 Capital, Actual, Amount | ' | 31,064 |
Tier 1 Capital to risk-weighted assets, Actual, Ratio | ' | 17.10% |
Tier 1 Capital, To Be Well Capitalized, Amount | ' | 10,896 |
Tier 1 Capital to risk-weighted assets, To Be Well Capitalized, Ratio | ' | 6.00% |
Tier 1 Capital, For Capital Adequacy Purposes, Amount | ' | 7,264 |
Tier 1 Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | ' | 4.00% |
Tier 1 Leverage, Actual, Amount | ' | 31,064 |
Tier 1 Leverage to average assets, Actual, Ratio | ' | 10.02% |
Tier 1 Leverage, To Be Well Capitalized, Amount | ' | 15,506 |
Tier 1 Leverage to average assets, To Be Well Capitalized, Ratio | ' | 5.00% |
Tier 1 Leverage, For Capital Adequacy Purposes, Amount | ' | 12,405 |
Tier 1 Leverage to average assets, For Capital Adequacy Purposes, Ratio | ' | 4.00% |
Bank SNB [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital, Actual, Amount | 284,388 | ' |
Total Capital to risk-weighted assets, Actual, Ratio | 19.83% | ' |
Total Capital, To Be Well Capitalized, Amount | 143,413 | ' |
Total Capital to risk-weighted assets, To Be Well Capitalized, Ratio | 10.00% | ' |
Total Capital, For Capital Adequacy Purposes, Amount | 114,730 | ' |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 8.00% | ' |
Tier 1 Capital, Actual, Amount | 266,132 | ' |
Tier 1 Capital to risk-weighted assets, Actual, Ratio | 18.56% | ' |
Tier 1 Capital, To Be Well Capitalized, Amount | 86,048 | ' |
Tier 1 Capital to risk-weighted assets, To Be Well Capitalized, Ratio | 6.00% | ' |
Tier 1 Capital, For Capital Adequacy Purposes, Amount | 57,365 | ' |
Tier 1 Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 4.00% | ' |
Tier 1 Leverage, Actual, Amount | 266,132 | ' |
Tier 1 Leverage to average assets, Actual, Ratio | 13.62% | ' |
Tier 1 Leverage, To Be Well Capitalized, Amount | 97,719 | ' |
Tier 1 Leverage to average assets, To Be Well Capitalized, Ratio | 5.00% | ' |
Tier 1 Leverage, For Capital Adequacy Purposes, Amount | $78,175 | ' |
Tier 1 Leverage to average assets, For Capital Adequacy Purposes, Ratio | 4.00% | ' |
Employee_Benefits_Narrative_De
Employee Benefits (Narrative) (Details) (USD $) | 12 Months Ended | 24 Months Ended | 36 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | |
Maximum percentage of elegible compensation able to be contributed to the defined contribution plan | 90.00% | ' | ' | ' | ' |
Employer match contribution | 3.00% | ' | ' | ' | ' |
Amount contributed to the defined contribution plan | $1,000,000 | $700,000 | ' | ' | ' |
Share-based compensation expense | ' | ' | ' | 0 | ' |
Deferred tax asset related to stock-based compensation expense | 0 | ' | 92,000 | 0 | 0 |
Restricted shares granted | 401,844 | 200,798 | 120,298 | 401,844 | 401,844 |
Recognized compensation expense related to restricted shares outstanding | 700,000 | 100,000 | 200,000 | ' | ' |
Unrecognized compensation expense related to restricted shares granted | 700,000 | ' | ' | 700,000 | 700,000 |
Unrecognized compensation expense, expected to be recognized in next fiscal year | $400,000 | ' | ' | $400,000 | $400,000 |
Unrecognized compensation expense, period of recognition | '3 years | ' | ' | ' | ' |
Expiration period of restricted shares | '1 year | ' | ' | ' | ' |
Granted, Number of Options | ' | ' | ' | ' | 0 |
Maximum [Member] | ' | ' | ' | ' | ' |
Vesting period of restriced stock | '3 years | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Vesting period of restriced stock | '6 months | ' | ' | ' | ' |
Employee_Benefits_Schedule_Of_
Employee Benefits (Schedule Of Stock Option Activity) (Details) (USD $) | 12 Months Ended | 36 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Employee Benefits [Abstract] | ' | ' | ' | ' |
Outstanding at December 31, Number of Options | 5,000 | 73,814 | 202,215 | 202,215 |
Granted, Number of Options | ' | ' | ' | 0 |
Canceled/expired, Number of Options | -5,000 | -68,814 | -128,401 | ' |
Outstanding at December 31, Number of Options | ' | 5,000 | 73,814 | ' |
Total exercisable at December 31, Number of Options | ' | 5,000 | 73,814 | ' |
Outstanding at December 31, Weighted Average Exercise Price | $16.93 | $24.72 | $24 | $24 |
Canceled/expired, Weighted Average Exercise Price | $16.93 | $25.28 | $23.59 | ' |
Outstanding at December 31, Weighted Average Exercise Price | ' | $16.93 | $24.72 | ' |
Total exercisable at December 31, Weighted Average Exercise Price | ' | $16.93 | $24.72 | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transactions [Abstract] | ' | ' |
Related party indebtedness | $3.20 | $3.70 |
New loans and advances on existing loans | 9.4 | ' |
Related party loan repayments | 9.9 | ' |
Related party deposits | 1.7 | 2.4 |
Related party savings and interest-bearing transaction accounts | 17 | 12.3 |
Related party time certificates of deposit | $0.70 | $0.80 |
OffBalanceSheet_Arrangements_C
Off-Balance-Sheet Arrangements, Commitments, Guarantees And Contingencies (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Off-Balance-Sheet Arrangments, Commitments, Guarantees And Contingencies [Abstract] | ' | ' |
Commitments to extend commercial and real estate mortgage credit | $323,925,000 | $248,337,000 |
Standby and commercial letters of credit | 5,800,000 | 6,744,000 |
Total | 329,725,000 | 255,081,000 |
Maximum amount payable for Severance Compensation Plan | $4,800,000 | ' |
Operating_Segments_Financial_R
Operating Segments (Financial Results By Operating Segment) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Financial results by operating segment | ' | ' | ' |
Net interest income | $62,650,000 | $76,563,000 | $96,332,000 |
Provision for loan losses | -7,209,000 | 3,107,000 | 132,101,000 |
Noninterest income | 13,643,000 | 15,936,000 | 14,018,000 |
Noninterest expenses | 55,311,000 | 63,322,000 | 90,201,000 |
Income (loss) before taxes | 28,191,000 | 26,070,000 | -111,952,000 |
Taxes on income | 10,756,000 | 9,883,000 | -43,657,000 |
Net income (loss) | 17,435,000 | 16,187,000 | -68,295,000 |
Fixed asset expenditures | 1,855,000 | 1,619,000 | 1,686,000 |
Total loans at period end | 1,270,903,000 | 1,378,735,000 | 1,763,488,000 |
Total assets at period end | 1,981,423,000 | 2,122,255,000 | 2,377,276,000 |
Total deposits at period end | 1,584,086,000 | 1,709,578,000 | 1,921,382,000 |
Oklahoma Banking [Member] | ' | ' | ' |
Financial results by operating segment | ' | ' | ' |
Net interest income | 34,725,000 | 37,954,000 | 43,005,000 |
Provision for loan losses | -486,000 | 448,000 | 27,087,000 |
Noninterest income | 6,943,000 | 7,697,000 | 7,781,000 |
Noninterest expenses | 28,000,000 | 29,406,000 | 36,402,000 |
Income (loss) before taxes | 14,154,000 | 15,797,000 | -12,703,000 |
Taxes on income | 5,400,000 | 5,989,000 | -4,955,000 |
Net income (loss) | 8,754,000 | 9,808,000 | -7,748,000 |
Fixed asset expenditures | 85,000 | 178,000 | 366,000 |
Total loans at period end | 681,991,000 | 652,121,000 | 858,212,000 |
Total assets at period end | 686,736,000 | 664,607,000 | 888,839,000 |
Total deposits at period end | 1,113,715,000 | 1,254,348,000 | 1,406,361,000 |
Texas Banking [Member] | ' | ' | ' |
Financial results by operating segment | ' | ' | ' |
Net interest income | 18,949,000 | 25,190,000 | 29,820,000 |
Provision for loan losses | -6,403,000 | 5,364,000 | 98,335,000 |
Noninterest income | 1,305,000 | 1,854,000 | 1,856,000 |
Noninterest expenses | 9,494,000 | 12,848,000 | 28,727,000 |
Income (loss) before taxes | 17,163,000 | 8,832,000 | -95,386,000 |
Taxes on income | 6,548,000 | 3,348,000 | -37,196,000 |
Net income (loss) | 10,615,000 | 5,484,000 | -58,190,000 |
Fixed asset expenditures | 9,000 | 71,000 | 3,000 |
Total loans at period end | 366,697,000 | 520,481,000 | 653,199,000 |
Total assets at period end | 361,058,000 | 515,675,000 | 653,146,000 |
Total deposits at period end | 207,227,000 | 166,919,000 | 156,101,000 |
Kansas Banking [Member] | ' | ' | ' |
Financial results by operating segment | ' | ' | ' |
Net interest income | 10,527,000 | 9,685,000 | 12,414,000 |
Provision for loan losses | -472,000 | -2,705,000 | 6,679,000 |
Noninterest income | 1,944,000 | 2,440,000 | 2,065,000 |
Noninterest expenses | 11,898,000 | 13,767,000 | 19,131,000 |
Income (loss) before taxes | 1,045,000 | 1,063,000 | -11,331,000 |
Taxes on income | 399,000 | 403,000 | -4,419,000 |
Net income (loss) | 646,000 | 660,000 | -6,912,000 |
Fixed asset expenditures | 8,000 | 8,000 | 193,000 |
Total loans at period end | 198,992,000 | 174,451,000 | 213,382,000 |
Total assets at period end | 203,631,000 | 178,291,000 | 219,481,000 |
Total deposits at period end | 247,884,000 | 270,368,000 | 276,757,000 |
Secondary Market [Member] | ' | ' | ' |
Financial results by operating segment | ' | ' | ' |
Net interest income | 670,000 | 1,370,000 | 1,438,000 |
Provision for loan losses | 148,000 | ' | ' |
Noninterest income | 2,701,000 | 2,771,000 | 1,297,000 |
Noninterest expenses | 2,287,000 | 2,430,000 | 2,121,000 |
Income (loss) before taxes | 936,000 | 1,711,000 | 614,000 |
Taxes on income | 357,000 | 649,000 | 240,000 |
Net income (loss) | 579,000 | 1,062,000 | 374,000 |
Fixed asset expenditures | ' | ' | 5,000 |
Total loans at period end | 23,215,000 | 31,682,000 | 38,695,000 |
Total assets at period end | 26,162,000 | 34,304,000 | 40,876,000 |
Total deposits at period end | 1,895,000 | 2,420,000 | 1,430,000 |
Other Operations [Member] | ' | ' | ' |
Financial results by operating segment | ' | ' | ' |
Net interest income | -2,221,000 | 2,364,000 | 9,655,000 |
Provision for loan losses | 4,000 | ' | ' |
Noninterest income | 750,000 | 1,174,000 | 1,019,000 |
Noninterest expenses | 3,632,000 | 4,871,000 | 3,820,000 |
Income (loss) before taxes | -5,107,000 | -1,333,000 | 6,854,000 |
Taxes on income | -1,948,000 | -506,000 | 2,673,000 |
Net income (loss) | -3,159,000 | -827,000 | 4,181,000 |
Externally generated revenue from investing activities | 1,600,000 | 800,000 | 2,800,000 |
Internally generated loss from fund management | 100,000 | 2,800,000 | 7,900,000 |
Fixed asset expenditures | 1,753,000 | 1,362,000 | 1,119,000 |
Total loans at period end | 8,000 | ' | ' |
Total assets at period end | 703,836,000 | 729,378,000 | 574,934,000 |
Total deposits at period end | $13,365,000 | $15,523,000 | $80,733,000 |
Parent_Company_Condensed_Finan2
Parent Company Condensed Financial Information (Statements Of Financial Condition) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Cash and cash equivalents | $279,839 | $288,079 | $229,889 | $67,496 |
Available-for-sale Securities | 382,479 | 364,315 | ' | ' |
Other assets | 38,129 | 51,430 | ' | ' |
Total | 1,981,423 | 2,122,255 | 2,377,276 | ' |
Subordinated debentures | 46,393 | 81,963 | ' | ' |
Other liabilities | 10,215 | 13,180 | ' | ' |
Common stock and related accounts | 19,733 | 19,530 | ' | ' |
Total | 1,981,423 | 2,122,255 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Cash and cash equivalents | 12,039 | 18,245 | 32,050 | 37,542 |
Investment in subsidiary banks | 273,849 | 293,573 | ' | ' |
Investments in other subsidiaries | 8,284 | 9,355 | ' | ' |
Available-for-sale Securities | 3,161 | 2,462 | ' | ' |
Other assets | 10,909 | 8,391 | ' | ' |
Total | 308,242 | 332,026 | ' | ' |
Subordinated debentures | 46,393 | 81,963 | ' | ' |
Other liabilities | 2,660 | 4,007 | ' | ' |
Common stock and related accounts | 259,189 | 246,056 | ' | ' |
Total | $308,242 | $332,026 | ' | ' |
Parent_Company_Condensed_Finan3
Parent Company Condensed Financial Information (Statements Of Operations) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Noninterest income | $13,643 | $15,936 | $14,018 |
Subordinated debentures | 4,813 | 6,010 | 5,821 |
Noninterest expenses | 55,311 | 63,322 | 90,201 |
Total income (loss) before taxes and equity in undistributed income of subsidiaries | 28,191 | 26,070 | -111,952 |
Taxes on income | 10,756 | 9,883 | -43,657 |
Net income | 17,435 | 16,187 | -68,295 |
Parent Company [Member] | ' | ' | ' |
Cash dividends from subsidiaries | 19,625 | 70,175 | 160 |
Noninterest income | 333 | 595 | 774 |
Investment income | 243 | 340 | 31 |
Other operating income | ' | ' | 45 |
Total income | 20,201 | 71,110 | 1,010 |
Subordinated debentures | 4,168 | 5,463 | 5,306 |
Noninterest expenses | 1,808 | 3,187 | 2,107 |
Total expense | 5,976 | 8,650 | 7,413 |
Total income (loss) before taxes and equity in undistributed income of subsidiaries | 14,225 | 62,460 | -6,403 |
Taxes on income | -2,027 | -2,900 | -2,563 |
Income (loss) before equity in undistributed income of subsidiaries | 16,252 | 65,360 | -3,840 |
Equity in undistributed income (loss) of subsidiaries | 1,183 | -49,173 | -64,455 |
Net income | $17,435 | $16,187 | ($68,295) |
Parent_Company_Condensed_Finan4
Parent Company Condensed Financial Information (Statements Of Cash Flows) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income | $17,435 | $16,187 | ($68,295) |
Net cash provided by (used in) operating activities | 45,239 | 45,134 | 46,696 |
Purchases of available for sale securities | -140,473 | -202,273 | -75,650 |
Net cash used in investing activities | 99,356 | 285,324 | 487,071 |
Net proceeds from issuance of common stock | 229 | 127 | 64 |
Preferred stock dividends paid | ' | -4,407 | -1,751 |
Net cash provided by (used in) financing activities | -152,835 | -272,268 | -371,374 |
Net increase (decrease) in cash and cash equivalents | -8,240 | 58,190 | 162,393 |
Beginning of period | 288,079 | 229,889 | 67,496 |
End of period | 279,839 | 288,079 | 229,889 |
Parent Company [Member] | ' | ' | ' |
Net income | 17,435 | 16,187 | -68,295 |
Equity in undistributed income (loss) of subsidiaries | -1,183 | 49,173 | 64,455 |
Other, net | -2,341 | -5,437 | 499 |
Net cash provided by (used in) operating activities | 13,911 | 59,923 | -3,341 |
Purchases of available for sale securities | ' | -247 | -724 |
Available for sale securities, Sales/Maturities | 32 | ' | 46 |
Investment in/capital contribution to other subsidiaries | 15,000 | ' | ' |
Net cash used in investing activities | 15,032 | -247 | -678 |
Net proceeds from issuance of common stock | 2,708 | 925 | 278 |
Proceeds from issuance of subordinated debentures | -35,570 | ' | ' |
Preferred stock dividends paid | ' | -74,330 | -1,751 |
Other, net | -2,287 | -76 | ' |
Net cash provided by (used in) financing activities | -35,149 | -73,481 | -1,473 |
Net increase (decrease) in cash and cash equivalents | -6,206 | -13,805 | -5,492 |
Beginning of period | 18,245 | 32,050 | 37,542 |
End of period | $12,039 | $18,245 | $32,050 |