Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 6-May-14 | |
Document And Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'SOUTHWEST BANCORP INC | ' |
Entity Central Index Key | '0000914374 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Trading Symbol | 'oksb | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 19,790,489 |
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 $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Cash and due from banks | $24,995 | $28,062 |
Interest-bearing deposits | 241,579 | 251,777 |
Cash and cash equivalents | 266,574 | 279,839 |
Securities held to maturity (fair values of $11,252 and $12,115, respectively) | 10,700 | 11,720 |
Securities available for sale (amortized cost of $376,837 and $385,423, respectively) | 376,287 | 382,479 |
Loans held for sale | 5,741 | 3,060 |
Noncovered loans receivable | 1,299,328 | 1,251,416 |
Less: Allowance for loan losses | -34,918 | -36,607 |
Net noncovered loans receivable | 1,264,410 | 1,214,809 |
Covered loans receivable (includes loss share: $1,139 and $1,812, respectively) | 15,053 | 16,427 |
Less: Allowance for loan losses | -7 | -56 |
Net covered loans receivable | 15,046 | 16,371 |
Net loans receivable | 1,279,456 | 1,231,180 |
Accrued interest receivable | 5,380 | 5,335 |
Premises and equipment, net | 20,719 | 20,833 |
Noncovered other real estate | 2,560 | 560 |
Covered other real estate | 2,094 | 2,094 |
Goodwill | 1,214 | 1,214 |
Other intangible assets, net | 4,931 | 4,980 |
Other assets | 36,397 | 38,129 |
Total assets | 2,012,053 | 1,981,423 |
Deposits: | ' | ' |
Noninterest-bearing demand | 471,568 | 444,796 |
Interest-bearing demand | 132,622 | 120,156 |
Money market accounts | 440,875 | 439,981 |
Savings accounts | 47,532 | 41,727 |
Time deposits of $100,000 or more | 236,035 | 251,185 |
Other time deposits | 277,274 | 286,241 |
Total deposits | 1,605,906 | 1,584,086 |
Accrued interest payable | 807 | 832 |
Other liabilities | 8,669 | 10,293 |
Other borrowings | 85,692 | 80,632 |
Subordinated debentures | 46,393 | 46,393 |
Total liabilities | 1,747,467 | 1,722,236 |
Shareholders' equity: | ' | ' |
Common stock - $1 par value; 40,000,000 shares authorized; 19,786,206, 19,732,926, shares issued and outstanding, respectively | 19,786 | 19,733 |
Paid in capital | 100,853 | 99,937 |
Retained earnings | 145,428 | 142,528 |
Accumulated other comprehensive income (loss) | -1,481 | -3,011 |
Total shareholders' equity | 264,586 | 259,187 |
Total liabilities & shareholders' equity | $2,012,053 | $1,981,423 |
Consolidated_Statements_Of_Fin1
Consolidated Statements Of Financial Condition (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Statements Of Financial Condition [Abstract] | ' | ' |
Held to maturity securities, fair value | $11,252 | $12,115 |
Available for sale securities, amortized cost | 376,837 | 385,423 |
Covered loans receivable, loss share | $1,139 | $1,812 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 40,000,000 | 40,000,000 |
Common stock, shares issued | 19,786,206 | 19,732,926 |
Common stock, shares outstanding | 19,786,206 | 19,732,926 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest income: | ' | ' |
Interest and fees on loans | $15,775 | $17,006 |
Investment securities: | ' | ' |
U.S. Government and agency obligations | 427 | 472 |
Mortgage-backed securities | 889 | 867 |
State and political subdivisions | 296 | 304 |
Other securities | 38 | 48 |
Other interest-earning assets | 375 | 240 |
Total interest income | 17,800 | 18,937 |
Interest expense: | ' | ' |
Interest-bearing demand | 40 | 45 |
Money market accounts | 146 | 236 |
Savings accounts | 11 | 12 |
Time deposits of $100,000 or more | 449 | 698 |
Other time deposits | 379 | 661 |
Other borrowings | 225 | 220 |
Subordinated debentures | 549 | 1,459 |
Total interest expense | 1,799 | 3,331 |
Net interest income | 16,001 | 15,606 |
Provision for loan losses | -986 | 498 |
Net interest income after provision for loan losses | 16,987 | 15,108 |
Noninterest income: | ' | ' |
Service charges and fees | 2,596 | 2,660 |
Gain on sales of loans, net | 224 | 814 |
Gain on sale/call of investment securities, net | 135 | ' |
Other noninterest income | 70 | 63 |
Total noninterest income | 3,025 | 3,537 |
Noninterest expense: | ' | ' |
Salaries and employee benefits | 8,126 | 8,136 |
Occupancy | 2,769 | 2,574 |
FDIC and other insurance | 397 | 491 |
Other real estate, net | 68 | 353 |
General and administrative | 2,747 | 2,834 |
Total noninterest expense | 14,107 | 14,388 |
Income (loss) before taxes | 5,905 | 4,257 |
Taxes on income | 2,214 | 1,868 |
Net income | $3,691 | $2,389 |
Basic earnings per common share | $0.19 | $0.12 |
Diluted earnings per common share | $0.19 | $0.12 |
Common dividends declared per share | $0.04 | ' |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Consolidated Statements Of Comprehensive Income [Abstract] | ' | ' |
Net income | $3,691 | $2,389 |
Other comprehensive income: | ' | ' |
Unrealized holding gain (loss) on available for sale securities | 2,394 | -269 |
Change in fair value of derivative used for cash flow hedge | 102 | 241 |
Other comprehensive loss, before tax | 2,496 | -28 |
Tax benefit (expense) related to items of other comprehensive income (loss) | -966 | 12 |
Other comprehensive loss, net of tax | 1,530 | -16 |
Comprehensive income | $5,221 | $2,373 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating activities: | ' | ' |
Net income | $3,691 | $2,389 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | -986 | 498 |
Adjustments to other real estate | ' | 1,531 |
Deferred tax expense | 2,091 | 1,619 |
Asset depreciation | 644 | 611 |
Securities premium amortization, net of discount accretion | 678 | 1,018 |
Amortization of intangibles | 183 | 411 |
Stock based compensation expense | 193 | 313 |
Net gain on sales/calls of investment securities | -135 | ' |
Net gain on sales of available for sale loans | -224 | -814 |
Net gains on sales of premises/equipment | -11 | 4 |
Net gain on sales of other real estate | -52 | -1,277 |
Proceeds from sales of held for sale loans | 11,783 | 36,968 |
Held for sale loans originated for resale | -15,521 | -38,089 |
Net changes in assets and liabilities: | ' | ' |
Accrued interest receivable | -45 | 19 |
Other assets | -1,399 | 23,486 |
Accrued interest payable | -25 | -52 |
Other liabilities | -1,613 | -3,437 |
Net cash provided by operating activities | -748 | 25,198 |
Investing activities: | ' | ' |
Held to maturity securities | 1,000 | 5,000 |
Available for sale securities | 17,994 | 28,622 |
Redemptions (purchases) of other investments | 792 | -6 |
Purchases of available for sale securities | -10,067 | -23,402 |
Principal repayments, net of loans originated | -47,924 | 48,837 |
Purchases of premises and equipment | -557 | -343 |
Proceeds from sales of premises and equipment | 38 | 24 |
Proceeds from sales of other real estate | 52 | 3,410 |
Net cash provided by investing activities | -38,672 | 62,142 |
Financing activities: | ' | ' |
Net decrease in deposits | 21,820 | -31,910 |
Net increase in other borrowings | 5,060 | 510 |
Net proceeds from issuance of common stock | 60 | 170 |
Preferred stock dividends paid | -1 | 1 |
Common stock dividends | -784 | ' |
Net cash used in financing activities | 26,155 | -31,229 |
Net increase in cash and cash equivalents | -13,265 | 56,111 |
Cash and cash equivalents: | ' | ' |
Beginning of period | 279,839 | 288,079 |
End of period | $266,574 | $344,190 |
Consolidated_Statement_Of_Shar
Consolidated Statement Of Shareholders' Equity (USD $) | 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, 2012 | $19,530 | $99,705 | $125,093 | $1,728 | $246,056 |
Beginning balance, Shares at Dec. 31, 2012 | 19,529,705 | ' | ' | ' | ' |
Dividends (paid and/ or accrued): | ' | ' | ' | ' | ' |
Preferred | ' | ' | 1 | ' | 1 |
Common stock issued | 161 | 1,909 | ' | ' | 2,070 |
Common stock issued, shares | 161,600 | ' | ' | ' | ' |
Net common stock issued under employee plans and related tax expense | 1 | 8 | ' | ' | 9 |
Net common stock issued under employee plans and related tax expense, shares | 733 | ' | ' | ' | ' |
Other comprehensive loss, net of tax | ' | ' | ' | -16 | -16 |
Net income | ' | ' | 2,389 | ' | 2,389 |
Ending balance at Mar. 31, 2013 | 19,692 | 101,622 | 127,483 | 1,712 | 250,509 |
Ending balance, Shares at Mar. 31, 2013 | 19,692,038 | ' | ' | ' | ' |
Beginning balance at Dec. 31, 2013 | 19,733 | 99,937 | 142,528 | -3,011 | 259,187 |
Beginning balance, Shares at Dec. 31, 2013 | 19,732,926 | ' | ' | ' | 19,732,926 |
Dividends (paid and/ or accrued): | ' | ' | ' | ' | ' |
Preferred | ' | ' | -1 | ' | -1 |
Common | ' | ' | -790 | ' | -790 |
Common stock issued | 53 | 909 | ' | ' | 962 |
Common stock issued, shares | 52,843 | ' | ' | ' | ' |
Net common stock issued under employee plans and related tax expense | ' | 7 | ' | ' | 7 |
Net common stock issued under employee plans and related tax expense, shares | 437 | ' | ' | ' | ' |
Other comprehensive loss, net of tax | ' | ' | ' | 1,530 | 1,530 |
Net income | ' | ' | 3,691 | ' | 3,691 |
Ending balance at Mar. 31, 2014 | $19,786 | $100,853 | $145,428 | ($1,481) | $264,586 |
Ending balance, Shares at Mar. 31, 2014 | 19,786,206 | ' | ' | ' | 19,786,206 |
Significant_Accounting_And_Rep
Significant Accounting And Reporting Policies | 3 Months Ended |
Mar. 31, 2014 | |
Significant Accounting And Reporting Policies [Abstract] | ' |
Significant Accounting And Reporting Policies | ' |
NOTE 1: SIGNIFICANT ACCOUNTING AND REPORTING POLICIES | |
The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all information and notes necessary for a complete presentation of financial position, results of operations, shareholders’ equity, cash flows, and comprehensive income in conformity with accounting principles generally accepted in the United States. However, the unaudited consolidated financial statements include all adjustments which, in the opinion of management, are necessary for a fair presentation. Those adjustments consist of normal recurring adjustments. The results of operations for the three months ended March 31, 2014, and the cash flows for the three months ended March 31, 2014, should not be considered indicative of the results to be expected for the full year. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Southwest Bancorp, Inc. Annual Report on Form 10-K for the year ended December 31, 2013. | |
The accompanying unaudited consolidated financial statements include the accounts of Southwest Bancorp, Inc. (“we”, “our”, “us”, “Southwest”), our wholly owned financial institution subsidiaries, Bank SNB, National Association (“Bank SNB”), our banking subsidiary, SNB Capital Corporation, a lending and loan workout subsidiary, and consolidated subsidiaries of Bank SNB, including SNB Real Estate Holdings, Inc. All significant intercompany transactions and balances have been eliminated in consolidation. | |
In accordance with Accounting Standards Codification (“ASC”) 855, Subsequent Events, we have evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. | |
Investment_Securities
Investment Securities | 3 Months Ended | |||||||||||||
Mar. 31, 2014 | ||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||
Investment Securities | ' | |||||||||||||
NOTE 2: INVESTMENT SECURITIES | ||||||||||||||
A summary of the amortized cost and fair values of investment securities at March 31, 2014 and December 31, 2013 follows: | ||||||||||||||
Amortized | Gross Unrealized | Fair | ||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | ||||||||||
At March 31, 2014 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 10,700 | $ | 552 | $ | - | $ | 11,252 | ||||||
Total | $ | 10,700 | $ | 552 | $ | - | $ | 11,252 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 118,883 | $ | 249 | $ | -1,737 | $ | 117,395 | ||||||
Obligations of state and political subdivisions | 33,574 | 130 | -510 | 33,194 | ||||||||||
Residential mortgage-backed securities | 180,769 | 1,793 | -1,761 | 180,801 | ||||||||||
Asset-backed securities | 9,586 | 9 | -48 | 9,547 | ||||||||||
Other securities | 34,025 | 1,370 | -45 | 35,350 | ||||||||||
Total | $ | 376,837 | $ | 3,551 | $ | -4,101 | $ | 376,287 | ||||||
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 | ||||||||||
Other securities | 35,316 | 1,267 | -165 | 36,418 | ||||||||||
Total | $ | 385,423 | $ | 3,380 | $ | -6,324 | $ | 382,479 | ||||||
Residential mortgage-backed securities consist of agency securities underwritten and guaranteed by Government National Mortgage Association, Federal Home Loan Mortgage Corporation, and Federal National Mortgage Association. Other securities consist of corporate stock and other corporate securities. | ||||||||||||||
Securities with limited marketability, such as Federal Reserve Bank stock, Federal Home Loan Bank (“FHLB”) stock, and certain other investments, are carried at cost and included in other assets on the unaudited consolidated statement of financial condition. Total investments carried at cost were $7.3 million at March 31, 2014 and $8.1 million at December 31, 2013. 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 March 31, 2014 follows: | ||||||||||||||
Available for Sale | Held to Maturity | |||||||||||||
Amortized | Fair | Amortized | Fair | |||||||||||
(Dollars in thousands) | Cost | Value | Cost | Value | ||||||||||
One year or less | $ | 17,535 | $ | 17,788 | $ | 940 | $ | 952 | ||||||
More than one year through five years | 162,898 | 164,583 | 2,224 | 2,282 | ||||||||||
More than five years through ten years | 149,080 | 146,581 | 4,144 | 4,286 | ||||||||||
More than ten years | 47,324 | 47,335 | 3,392 | 3,732 | ||||||||||
Total | $ | 376,837 | $ | 376,287 | $ | 10,700 | $ | 11,252 | ||||||
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 of investments is based upon the specific identification method. There were no sales of securities available for sale for the three months ended March 31, 2014 and March 31, 2013. | ||||||||||||||
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 March 31, 2014 and December 31, 2013. 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 March 31, 2014 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 24 | $ | 91,922 | $ | -1,702 | $ | -35 | $ | 90,185 | |||||
Obligations of state and political subdivisions | 14 | 18,821 | -366 | -144 | 18,311 | |||||||||
Residential mortgage-backed securities | 49 | 94,772 | -1,604 | -157 | 93,011 | |||||||||
Asset-backed securities | 3 | 7,830 | -48 | - | 7,782 | |||||||||
Other Securities | 3 | 14,723 | -45 | - | 14,678 | |||||||||
Total | 93 | $ | 228,068 | $ | -3,765 | $ | -336 | $ | 223,967 | |||||
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 | |||||
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 our intent and ability to retain our investment in the issuer for a period of time sufficient to allow for an anticipated recovery in fair value. | ||||||||||||||
We have the ability and intent to hold the securities classified as held to maturity until they mature, at which time we expect to receive full value for the securities. Furthermore, as of March 31, 2014, 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 likely that we will have to sell any such securities before a recovery of cost. The declines in fair value were attributable to recent 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 March 31, 2014, 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 $251.3 million and $292.6 million were pledged to meet such requirements at March 31, 2014 and December 31, 2013, respectively. Any amount over-pledged can be released at any time. | ||||||||||||||
Loans_And_Allowance_For_Loan_L
Loans And Allowance For Loan Losses | 3 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
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, Tulsa, Dallas, Wichita, and other metropolitan markets in Oklahoma, Texas, and Kansas. 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 8: Operating Segments for more detail regarding loans by market. At March 31, 2014 and December 31, 2013, 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 March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | ||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 755,680 | $ | 10,498 | $ | 740,997 | $ | 11,282 | ||||||||||
One-to-four family residential | 81,199 | 3,420 | 80,058 | 3,930 | ||||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 165,820 | 187 | 143,650 | 198 | ||||||||||||||
One-to-four family residential | 6,629 | - | 4,646 | - | ||||||||||||||
Commercial | 265,394 | 917 | 254,087 | 971 | ||||||||||||||
Installment and consumer: | ||||||||||||||||||
Guaranteed student loans | 4,318 | - | 4,394 | - | ||||||||||||||
Other | 26,029 | 31 | 26,644 | 46 | ||||||||||||||
1,305,069 | 15,053 | 1,254,476 | 16,427 | |||||||||||||||
Less: Allowance for loan losses | -34,918 | -7 | -36,607 | -56 | ||||||||||||||
Total loans, net | $ | 1,270,151 | $ | 15,046 | $ | 1,217,869 | $ | 16,371 | ||||||||||
Concentrations of Credit. At March 31, 2014, $433.2 million, or 33% and $420.3 million, or 32%, of our noncovered loans consisted of loans to individuals and businesses in the real estate and healthcare industry, respectively. 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 $5.7 million and $3.1 million at March 31, 2014 and December 31, 2013, respectively. 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 our one-to-four family residential loans and loan servicing rights are primarily sold to one buyer. 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. These loans are available for sale in the secondary market. | ||||||||||||||||||
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 $391.3 million and $390.7 million at March 31, 2014 and December 31, 2013, 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. On June 19, 2009, Bank SNB entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (“FDIC”) to acquire substantially all loans as well as certain other related assets of First National Bank of Anthony, Anthony, Kansas in an FDIC-assisted transaction. 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 transaction. Under these agreements, the FDIC will reimburse Bank SNB for 80% of net losses up to $35.0 million on covered assets, primarily acquired loans and other real estate, and for 95% of any net losses above $35.0 million. Bank SNB services the covered assets. | ||||||||||||||||||
Loans covered under the loss sharing agreements with the FDIC, including the amounts of expected reimbursements from the FDIC under these agreements, are reported in loans and are referred to as “covered” loans. Covered loans were initially recorded at fair value (as determined by the present value of expected future cash flows) with no allowance for loan losses. Subsequent decreases in expected cash flows are recognized as impairments. Valuation allowances on these covered loans reflect only losses incurred after the acquisition. | ||||||||||||||||||
The expected payments from the FDIC under the loss sharing agreements are recorded as part of the covered loans in the Unaudited Consolidated Statements of Financial Condition. | ||||||||||||||||||
Changes in the carrying amounts and accretable yields for ASC 310.30, Receivables: Loans and Debt Securities Acquired with Deteriorated Credit Quality, loans were as follows for the three months ended March 31, 2014 and March 31, 2013. | ||||||||||||||||||
For the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Carrying | Carrying | |||||||||||||||||
Accretable | amount | Accretable | amount | |||||||||||||||
(Dollars in thousands) | Yield | of loans | Yield | of loans | ||||||||||||||
Balance at beginning of period | $ | 1,597 | $ | 16,427 | $ | 1,904 | $ | 25,707 | ||||||||||
Payments received | - | -1,333 | - | -1,889 | ||||||||||||||
Transfers to other real estate / repossessed assets | - | - | -33 | -375 | ||||||||||||||
Net charge-offs | -4 | -41 | -1 | - | ||||||||||||||
Net reclassifications to / from nonaccretable amount | - | - | - | - | ||||||||||||||
Accretion | -90 | - | -163 | 158 | ||||||||||||||
Balance at end of period | $ | 1,503 | $ | 15,053 | $ | 1,707 | $ | 23,601 | ||||||||||
Nonperforming / Past Due Loans. We identify past due loans based on contractual terms on a loan by loan basis and generally place loans, except for consumer loans, on nonaccrual when any portion of the principal or interest is ninety days past due and collateral is insufficient to discharge the debt in full. Interest accrual may also be discontinued earlier if, in management’s opinion, collection is unlikely. Generally, consumer installment loans are not placed on nonaccrual but are charged-off when they are four months past due. Accrued interest is written off when a loan is placed on nonaccrual status. Subsequent interest income is recorded when cash receipts are received from the borrower and collectability of the principal amount is reasonably assured. | ||||||||||||||||||
Under generally accepted accounting principles and instructions to reports of condition and income of federal banking regulators, a nonaccrual loan may be returned to accrual status: (i) when none of its principal and interest is due and unpaid, repayment is expected, and there has been a sustained period (at least six months) of repayment performance; (ii) when the loan is not brought current, but there is a sustained period of performance and repayment within a reasonable period is reasonably assured; or (iii) when the loan otherwise becomes well-secured and in the process of collection. Purchased nonperforming loans also may be returned to accrual status without becoming fully current. Loans that have been restructured because of weakened financial positions of the borrowers also may be returned to accrual status if repayment is reasonably assured under the revised terms and there has been a sustained period of repayment performance. | ||||||||||||||||||
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 to us 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 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. | ||||||||||||||||||
The following table shows the recorded investment in loans on nonaccrual status. | ||||||||||||||||||
At March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | ||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 6,571 | $ | 970 | $ | 6,564 | $ | 1,202 | ||||||||||
One-to-four family residential | 417 | 53 | 456 | 57 | ||||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 80 | - | 2,721 | - | ||||||||||||||
Commercial | 7,992 | - | 8,769 | - | ||||||||||||||
Other consumer | 2 | - | 50 | - | ||||||||||||||
Total nonaccrual loans | $ | 15,062 | $ | 1,023 | $ | 18,560 | $ | 1,259 | ||||||||||
During the first three months of 2014, an immaterial amount of interest income was received on nonaccruing loans. If interest on all nonaccrual loans had been accrued for the three months ended March 31, 2014, additional interest income of $0.2 million would have been recorded. | ||||||||||||||||||
Net cumulative charge-offs against noncovered nonaccrual loans at March 31, 2014 and December 31, 2013 were $5.5 million and $8.2 million, respectively. | ||||||||||||||||||
Included in noncovered nonaccrual loans are seven and five collateral dependent lending relationships with aggregate principal balances of approximately $12.4 million and $14.6 million as of March 31, 2014 and December 31, 2013, respectively. Related impairment reserves as of March 31, 2014 and December 31, 2013 were $2.8 million and $2.9 million, respectively. These impairment reserves were established either based on recent appraisal values obtained for the respective properties or the discounted present value of expected cash flows using the loan’s initial effective interest rate. At March 31, 2014, four of the seven lending relationships were secured by commercial real estate. | ||||||||||||||||||
The following table shows an age analysis of past due loans at March 31, 2014 and December 31, 2013. | ||||||||||||||||||
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 March 31, 2014 | ||||||||||||||||||
Noncovered: | ||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 4,005 | $ | 6,571 | $ | 10,576 | $ | 745,104 | $ | 755,680 | $ | - | ||||||
One-to-four family residential | 109 | 417 | 526 | 80,673 | 81,199 | - | ||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 847 | 80 | 927 | 164,893 | 165,820 | - | ||||||||||||
One-to-four family residential | - | - | - | 6,629 | 6,629 | - | ||||||||||||
Commercial | 1,166 | 7,992 | 9,158 | 256,236 | 265,394 | - | ||||||||||||
Other | 391 | 2 | 393 | 29,954 | 30,347 | - | ||||||||||||
Total - noncovered | 6,518 | 15,062 | 21,580 | 1,283,489 | 1,305,069 | - | ||||||||||||
Covered: | ||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | 911 | 970 | 1,881 | 8,617 | 10,498 | - | ||||||||||||
One-to-four family residential | 34 | 53 | 87 | 3,333 | 3,420 | - | ||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | - | - | - | 187 | 187 | - | ||||||||||||
Commercial | - | - | - | 917 | 917 | - | ||||||||||||
Other | 1 | - | 1 | 30 | 31 | - | ||||||||||||
Total - covered | 946 | 1,023 | 1,969 | 13,084 | 15,053 | - | ||||||||||||
Total | $ | 7,464 | $ | 16,085 | $ | 23,549 | $ | 1,296,573 | $ | 1,320,122 | $ | - | ||||||
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 real estate | 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 | ||||||
Impaired Loans. 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. Each loan deemed to be impaired (loans on nonaccrual status and greater than one-hundred thousand, and all troubled debt restructurings) is evaluated on an individual basis using the discounted present value of expected cash flows based on the loan’s initial effective interest rate, the fair value of collateral, or the market value of the loan. Smaller balance, homogeneous loans, including mortgage, student, and consumer, are collectively evaluated for impairment. | ||||||||||||||||||
Interest payments on impaired loans are applied to principal until collectability of the principal amount is reasonably assured, and at that time interest is recognized on a cash basis. Impaired loans or portions thereof, are charged-off when deemed uncollectible. | ||||||||||||||||||
Impaired loans are shown in the following table: | ||||||||||||||||||
With No Specific Allowance | With A Specific Allowance | |||||||||||||||||
Unpaid | Unpaid | |||||||||||||||||
Recorded | Principal | Recorded | Principal | Related | ||||||||||||||
(Dollars in thousands) | Investment | Balance | Investment | Balance | Allowance | |||||||||||||
At March 31, 2014 | ||||||||||||||||||
Noncovered: | ||||||||||||||||||
Commercial real estate | $ | 23,213 | $ | 23,559 | $ | 16,827 | $ | 17,105 | $ | 4,748 | ||||||||
One-to-four family residential | 417 | 549 | - | - | - | |||||||||||||
Real estate construction | 81 | 105 | - | - | - | |||||||||||||
Commercial | 2,459 | 5,524 | 7,003 | 10,270 | 2,164 | |||||||||||||
Other | 2 | 4 | - | - | - | |||||||||||||
Total noncovered | $ | 26,172 | $ | 29,741 | $ | 23,830 | $ | 27,375 | $ | 6,912 | ||||||||
Covered: | ||||||||||||||||||
Commercial real estate | $ | 5,535 | $ | 6,552 | $ | 453 | $ | 453 | $ | 6 | ||||||||
One-to-four family residential | 54 | 54 | 41 | 74 | 1 | |||||||||||||
Total covered | $ | 5,589 | $ | 6,606 | $ | 494 | $ | 527 | $ | 7 | ||||||||
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 | ||||||||
The average recorded investment and interest income recognized on impaired loans as of and for the three months ended March 31, 2014 and March 31, 2013 is shown in the following table: | ||||||||||||||||||
As of and for the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Average | Average | |||||||||||||||||
Recorded | Interest | Recorded | Interest | |||||||||||||||
(Dollars in thousands) | Investment | Income | Investment | Income | ||||||||||||||
Noncovered: | ||||||||||||||||||
Commercial real estate | $ | 38,631 | $ | 348 | $ | 47,880 | $ | 410 | ||||||||||
One-to-four family residential | 427 | - | 578 | - | ||||||||||||||
Real estate construction | 82 | - | 5,117 | 12 | ||||||||||||||
Commercial | 8,942 | 24 | 13,254 | 34 | ||||||||||||||
Other | 3 | - | 77 | - | ||||||||||||||
Total noncovered | $ | 48,085 | $ | 372 | $ | 66,906 | $ | 456 | ||||||||||
Covered: | ||||||||||||||||||
Commercial real estate | $ | 10,958 | $ | 91 | $ | 17,803 | $ | 82 | ||||||||||
One-to-four family residential | 3,682 | - | 4,724 | - | ||||||||||||||
Real estate construction | 193 | - | 373 | - | ||||||||||||||
Commercial | 863 | - | 1,873 | - | ||||||||||||||
Other | 32 | - | 95 | - | ||||||||||||||
Total covered | $ | 15,728 | $ | 91 | $ | 24,868 | $ | 82 | ||||||||||
Troubled Debt Restructurings. Our 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 March 31, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||
At March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccrual | Accruing | Nonaccrual | ||||||||||||||
Commercial real estate | $ | 36,435 | $ | 4,318 | $ | 44,442 | $ | 4,456 | ||||||||||
One-to-four family residential | 17 | 151 | 18 | 162 | ||||||||||||||
Commercial | 1,471 | 292 | 1,527 | 648 | ||||||||||||||
Consumer | - | - | - | 46 | ||||||||||||||
Total | $ | 37,923 | $ | 4,761 | $ | 45,987 | $ | 5,312 | ||||||||||
At March 31, 2014 and December 31, 2013, we had no significant commitments to lend additional funds to debtors whose loan terms have been modified in a troubled debt restructuring. | ||||||||||||||||||
Loans modified as troubled debt restructurings that occurred during the three months ended March 31, 2014 and March 31, 2013 are shown in the following table: | ||||||||||||||||||
For the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||
(Dollars in thousands) | Modifications | Investment | Modifications | Investment | ||||||||||||||
Commercial real estate | - | $ | - | 6 | $ | 10,882 | ||||||||||||
Commercial | 3 | 244 | 3 | 576 | ||||||||||||||
Total | 3 | $ | 244 | 9 | $ | 11,458 | ||||||||||||
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 table presents the recorded investment and the number of loans modified as a troubled debt restructuring that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. 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 three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||
(Dollars in thousands) | Contracts | Investment | Contracts | Investment | ||||||||||||||
Commercial | - | $ | - | 1 | $ | 563 | ||||||||||||
Total | - | $ | - | 1 | $ | 563 | ||||||||||||
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 March 31, 2014 and December 31, 2013, based on the most recent analysis performed as of those dates, the risk category of loans by class was as follows: | ||||||||||||||||||
Commercial | 1-4 Family | Real Estate | ||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||
At March 31, 2014 | ||||||||||||||||||
Grade: | ||||||||||||||||||
Pass | $ | 633,694 | $ | 82,679 | $ | 128,465 | $ | 247,156 | $ | 30,250 | $ | 1,122,244 | ||||||
Special Mention | 58,080 | 895 | 21,876 | 6,437 | 123 | 87,411 | ||||||||||||
Substandard | 73,974 | 897 | 22,295 | 7,271 | 3 | 104,440 | ||||||||||||
Doubtful | 430 | 148 | - | 5,447 | 2 | 6,027 | ||||||||||||
Total | $ | 766,178 | $ | 84,619 | $ | 172,636 | $ | 266,311 | $ | 30,378 | $ | 1,320,122 | ||||||
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 | ||||||
Allowance for Loan Losses. The allowance for loan losses is a reserve established through the 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 periodic review and evaluation of the loan portfolio and quarterly assessments of the probable losses inherent in the loan portfolio. The amount of the loan loss provision for a period is based solely upon the amount needed to cause the allowance to reach the level deemed appropriate after the effects of net charge-offs for the period. | ||||||||||||||||||
Management believes the level of the allowance is appropriate to absorb 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. There is no one factor, or group of factors, that produces the amount of an appropriate allowance for loan losses, as the methodology for assessing the allowance for loan losses makes use of evaluations of individual impaired loans along with other factors and analysis of loan categories. This assessment is highly qualitative and relies upon judgments and estimates by management. | ||||||||||||||||||
The specific allowance is recorded based on the result of an evaluation consistent with ASC 310.10.35, Receivables: Subsequent Measurement, for each impaired loan. Collateral dependent loans are evaluated for impairment based upon the fair value of the collateral. 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 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. Charge-offs against the allowance for impaired loans are made when and to the extent loans are deemed uncollectible. Any portion of a collateral dependent impaired loan in excess of the fair value of the collateral that is determined to be uncollectible is charged off. | ||||||||||||||||||
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 loans 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 following discovery of factors that may significantly affect the value of the collateral. Appraisals typically are received within 30 days of request. Results of appraisals on nonperforming and potential problem loans are reviewed promptly upon receipt 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. | ||||||||||||||||||
The following tables show the balance in the allowance for loan losses and the recorded investment in covered and noncovered loans for the dates indicated by 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 March 31, 2014 | ||||||||||||||||||
Balance at beginning of period | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | ||||||
Loans charged-off | -41 | - | -655 | -2,575 | -121 | -3,392 | ||||||||||||
Recoveries | 2,284 | 18 | - | 308 | 30 | 2,640 | ||||||||||||
Provision for loan losses | -2,238 | -152 | 706 | 682 | 16 | -986 | ||||||||||||
Balance at end of period | $ | 18,859 | $ | 716 | $ | 5,574 | $ | 9,400 | $ | 376 | $ | 34,925 | ||||||
Allowance for loan losses ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 4,748 | $ | - | $ | - | $ | 2,164 | $ | - | $ | 6,912 | ||||||
Collectively evaluated for impairment | 14,105 | 715 | 5,574 | 7,236 | 376 | 28,006 | ||||||||||||
Acquired with deteriorated credit quality | 6 | 1 | - | - | - | 7 | ||||||||||||
Total ending allowance balance | $ | 18,859 | $ | 716 | $ | 5,574 | $ | 9,400 | $ | 376 | $ | 34,925 | ||||||
Loans receivable ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 40,040 | $ | 417 | $ | 81 | $ | 9,462 | $ | 2 | $ | 50,002 | ||||||
Collectively evaluated for impairment | 715,640 | 80,782 | 172,368 | 255,932 | 30,345 | 1,255,067 | ||||||||||||
Acquired with deteriorated credit quality | 10,498 | 3,420 | 187 | 917 | 31 | 15,053 | ||||||||||||
Total ending loans balance | $ | 766,178 | $ | 84,619 | $ | 172,636 | $ | 266,311 | $ | 30,378 | $ | 1,320,122 | ||||||
Commercial | 1-4 Family | Real Estate | ||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||
At March 31, 2013 | ||||||||||||||||||
Balance at beginning of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | ||||||
Loans charged-off | -458 | -186 | - | -3,926 | -81 | -4,651 | ||||||||||||
Recoveries | 42 | 19 | 19 | 175 | 33 | 288 | ||||||||||||
Provision for loan losses | -1,520 | 161 | 669 | 1,260 | -72 | 498 | ||||||||||||
Balance at end of period | $ | 25,287 | $ | 855 | $ | 5,959 | $ | 10,113 | $ | 639 | $ | 42,853 | ||||||
Allowance for loan losses ending balances: | ||||||||||||||||||
Individually evaluated for impairment | $ | 5,146 | - | 249 | 3,431 | 68 | 8,894 | |||||||||||
Collectively evaluated for impairment | 19,996 | 786 | 5,710 | 6,682 | 571 | 33,745 | ||||||||||||
Acquired with deteriorated credit quality | 145 | 69 | - | - | - | 214 | ||||||||||||
Total ending allowance balance | $ | 25,287 | $ | 855 | $ | 5,959 | $ | 10,113 | $ | 639 | $ | 42,853 | ||||||
Loans receivable ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 47,494 | 651 | 7,238 | 13,539 | 73 | 68,995 | |||||||||||
Collectively evaluated for impairment | 772,379 | 73,260 | 137,239 | 218,685 | 33,056 | 1,234,619 | ||||||||||||
Acquired with deteriorated credit quality | 16,970 | 4,458 | 367 | 1,715 | 91 | 23,601 | ||||||||||||
Total ending loans balance | $ | 836,843 | $ | 78,369 | $ | 144,844 | $ | 233,939 | $ | 33,220 | $ | 1,327,215 | ||||||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||||||||||
Mar. 31, 2014 | |||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||
Fair Value Measurements | ' | ||||||||||||||
NOTE 4: 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 our estimated fair value amounts. There were no significant changes in valuation methods used to estimate fair value during the three months ended March 31, 2014. | |||||||||||||||
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 based on loan commitments. The fair value of loans held for sale is based on existing investor commitments. Prior year 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. 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 our 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, $2.5 million and $2.4 million as of March 31, 2014 and December 31, 2013, 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 March 31, 2014 and December 31, 2013. | |||||||||||||||
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 March 31, 2014 | |||||||||||||||
Loans held for sale: | |||||||||||||||
One-to-four family residential | $ | 4,941 | $ | - | $ | 4,941 | $ | - | |||||||
Government guaranteed commercial real estate | 754 | - | 754 | - | |||||||||||
Other loans held for sale | 46 | - | 46 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 117,395 | - | 117,395 | - | |||||||||||
Obligations of state and political subdivisions | 33,194 | - | 33,194 | - | |||||||||||
Residential mortgage-backed securities | 180,801 | - | 180,801 | - | |||||||||||
Asset-backed securities | 9,547 | - | 9,547 | - | |||||||||||
Other securities | 35,350 | 142 | 35,208 | - | |||||||||||
Derivative instrument | -1,865 | - | -1,865 | - | |||||||||||
Total | $ | 380,163 | $ | 142 | $ | 380,021 | $ | - | |||||||
At December 31, 2013 | |||||||||||||||
Loans held for sale: | |||||||||||||||
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 | $ | - | |||||||
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 analyzed and reported through a specific valuation allowance based upon the net present value of cash flows. | |||||||||||||||
Other real estate – Other real estate fair value is based on third-party appraisals for significant 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 2014 or 2013; 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 2014 or 2013; 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 were measured at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013 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 March 31, 2014 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 21,776 | $ | - | $ | 21,776 | $ | - | $ | -953 | |||||
Commercial | 8,345 | - | 8,345 | - | 6,217 | ||||||||||
Noncovered other real estate | 2,560 | - | 2,560 | - | - | ||||||||||
Covered other real estate | 2,094 | - | 2,094 | - | - | ||||||||||
Mortgage loan servicing rights | 3,452 | - | - | 3,452 | - | ||||||||||
Total | $ | 38,227 | $ | - | $ | 34,775 | $ | 3,452 | $ | 5,264 | |||||
At December 31, 2013 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 20,423 | $ | - | $ | 20,423 | $ | - | $ | 3,075 | |||||
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 | |||||
Noncovered impaired loans measured at fair value with a carrying amount of $37 million were written down to a fair value of $30.1 million, resulting in a life-to-date impairment of $6.9 million, of which $5.3 million was included in the provision for loan losses for the three months ended March 31, 2014. As of December 31, 2013, noncovered impaired loans measured at fair value with a carrying amount of $45.5 million were written down to the fair value of $32.3 million at December 31, 2013, resulting in a life-to-date impairment charge 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 March 31, 2014, noncovered and covered other real estate assets required no further adjustments to fair values, resulting in no impairment charges. 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. | |||||||||||||||
For the three months ended March 31, 2014 and for the year ended December 31, 2013 there was no impairment of mortgage loan servicing rights. | |||||||||||||||
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. | |||||||||||||||
Investments 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 – Our two subordinated debentures have floating rates that reset quarterly. The fair value of the floating rate subordinated debentures approximates carrying value at March 31, 2014. | |||||||||||||||
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 were as follows: | |||||||||||||||
At March 31, 2014 | At December 31, 2013 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Dollars in thousands) | Values | Values | Values | Values | |||||||||||
Financial assets: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Cash and cash equivalents | $ | 266,574 | $ | 266,574 | $ | 279,839 | $ | 279,839 | |||||||
Securities held to maturity | 10,700 | 11,252 | 11,720 | 12,115 | |||||||||||
Accrued interest receivable | 5,380 | 5,380 | 5,335 | 5,335 | |||||||||||
Investments included in other assets | 7,348 | 7,348 | 8,140 | 8,140 | |||||||||||
Level 3 inputs: | |||||||||||||||
Total loans, net of allowance | 1,285,197 | 1,237,328 | 1,234,240 | 1,190,869 | |||||||||||
Financial liabilities: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Deposits | 1,605,906 | 1,507,750 | 1,584,086 | 1,486,939 | |||||||||||
Accrued interest payable | 807 | 807 | 832 | 832 | |||||||||||
Other liabilities | 6,804 | 6,804 | 8,248 | 8,248 | |||||||||||
Derivative instrument | 1,865 | 1,865 | 1,967 | 1,967 | |||||||||||
Other borrowings | 85,692 | 88,462 | 80,632 | 83,593 | |||||||||||
Subordinated debentures | 46,393 | 46,393 | 46,393 | 46,393 | |||||||||||
Derivative_Instruments
Derivative Instruments | 3 Months Ended |
Mar. 31, 2014 | |
Derivative Instruments [Abstract] | ' |
Derivative Instruments | ' |
NOTE 5: DERIVATIVE INSTRUMENT | |
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 hedging instrument in cash flow hedges 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 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 March 31, 2014 was 3.09%. | |
The estimated fair value of the interest rate derivative contract outstanding as of March 31, 2014 and December 31, 2013 resulted in a pre-tax loss of $1.9 million and $2.0 million, respectively, and was included in other liabilities in the unaudited consolidated statement of financial condition. We obtained the counterparty valuation to validate its interest rate derivative contract as of March 31, 2014 and December 31, 2013. | |
The effective portion of our gain or loss due to changes in the fair value of the derivative hedging instrument, a $0.1 million loss and a $0.1 million loss for the three months ended March 31, 2014 and March 31, 2013, 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 outflows as a result of the interest rate swap agreement were $0.2 million and $0.2 million for the three months ended March 31, 2014 and March 31, 2013, respectively 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 $4.1 million at March 31, 2014 and December 31, 2013, respectively. | |
Taxes_On_Income
Taxes On Income | 3 Months Ended |
Mar. 31, 2014 | |
Taxes On Income [Abstract] | ' |
Taxes On Income | ' |
NOTE 6: TAXES ON INCOME | |
Net deferred tax assets totaled $21.9 million at March 31, 2014 and $24.9 million at December 31, 2013. Net deferred tax assets are included in other assets and no valuation allowance is recorded. | |
We are in a cumulative pretax loss position for the trailing three-year period ended March 31, 2014. Under current accounting guidance, this represents 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 that occurred in the fourth quarter of 2011. As of March 31, 2014, $4.5 million of the pretax loss remains to be offset by pretax income generated in future periods. We expect to fully utilize the remaining federal net operating loss carryforward during 2014. | |
We monitor our deferred tax assets for realizability and conducted an interim analysis to assess the need for a valuation allowance at March 31, 2014. As part of this analysis management considered negative evidence associated with our trailing cumulative loss position against positive evidence associated with the taxable income generated in the first three months of 2014, a long history of taxable income, and projected pre-tax income in future years. While realization of the deferred tax benefit 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 required as realization of these benefits meets the “more likely than not” standard under generally accepted accounting principles. | |
We or one of our subsidiaries file 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. | |
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Earnings Per Share [Abstract] | ' | |||||
Earnings Per Share | ' | |||||
NOTE 7: EARNINGS PER SHARE | ||||||
Earnings per common share is computed using the two-class method prescribed by ASC 260, Earnings Per Share. Using the two-class method, basic earnings per common share is computed based upon net income divided by the weighted average number of common shares outstanding during each period, which excludes 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 compensation using the treasury stock method. | ||||||
The following table shows the computation of basic and diluted earnings per common share: | ||||||
For the three months | ||||||
ended March 31, | ||||||
(Dollars in thousands, except earnings per share data) | 2014 | 2013 | ||||
Numerator: | ||||||
Net income | $ | 3,691 | $ | 2,389 | ||
Earnings allocated to participating securities | -40 | -17 | ||||
Numerator for basic earnings per common share | $ | 3,651 | $ | 2,372 | ||
Effect of reallocating undistributed earnings | ||||||
of participating securities | 40 | 17 | ||||
Numerator for diluted earnings per common share | $ | 3,691 | $ | 2,389 | ||
Denominator: | ||||||
Denominator for basic earnings per common share | 19,526,351 | 19,451,490 | ||||
Dilutive effect of stock compensation | 244,623 | - | ||||
Denominator for diluted earnings per common share | 19,770,974 | 19,451,490 | ||||
Earnings per common share: | ||||||
Basic | $ | 0.19 | $ | 0.12 | ||
Diluted | $ | 0.19 | $ | 0.12 | ||
Operating_Segments
Operating Segments | 3 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
Operating Segments [Abstract] | ' | |||||||||||||||||
Operating Segments | ' | |||||||||||||||||
NOTE 8: 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 the fourth quarter of 2013, the Mortgage Banking segment only included all loans available for sale in the secondary market. During the fourth quarter of 2013, 1-4 family mortgages were added to the available for sale loans in the Mortgage Banking segment. This adjustment would have had an immaterial impact on interest income for the first quarter of 2013. 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 FHLB advances. | ||||||||||||||||||
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. The following table summarizes financial results by operating segment: | ||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income (loss) | $ | 8,829 | $ | 4,632 | $ | 2,380 | $ | 147 | $ | 13 | $ | 16,001 | ||||||
Provision for loan losses | 1,976 | -3,932 | 999 | -29 | - | -986 | ||||||||||||
Noninterest income | 1,700 | 296 | 481 | 417 | 131 | 3,025 | ||||||||||||
Noninterest expenses | 7,059 | 3,228 | 2,628 | 523 | 669 | 14,107 | ||||||||||||
Income (loss) before taxes | 1,494 | 5,632 | -766 | 70 | -525 | 5,905 | ||||||||||||
Taxes on income | 560 | 2,112 | -287 | 26 | -197 | 2,214 | ||||||||||||
Net income (loss) | $ | 934 | $ | 3,520 | $ | -479 | $ | 44 | $ | -328 | $ | 3,691 | ||||||
* Includes externally generated revenue of $0.2 million, primarily from investing services, and an internally generated loss of $0.1 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 143 | $ | 20 | $ | 21 | $ | - | $ | $ | $ | 557 | ||||||
373 | ||||||||||||||||||
Total loans at period end | 754,698 | 372,018 | 170,720 | 22,686 | - | 1,320,122 | ||||||||||||
Total assets at period end | 757,592 | 370,382 | 177,111 | 25,804 | 681,164 | 2,012,053 | ||||||||||||
Total deposits at period end | 1,110,199 | 229,383 | 246,998 | 5,622 | 13,704 | 1,605,906 | ||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||
Oklahoma | Texas | Kansas | Mortgage | Other | Total | |||||||||||||
(Dollars in thousands) | Banking | Banking | Banking | Banking | Operations* | Company | ||||||||||||
Net interest income | $ | 8,259 | $ | 5,015 | $ | 2,486 | $ | 136 | $ | -290 | $ | 15,606 | ||||||
Provision for loan losses | 870 | -294 | -77 | -1 | - | 498 | ||||||||||||
Noninterest income | 1,767 | 387 | 465 | 714 | 204 | 3,537 | ||||||||||||
Noninterest expenses | 7,371 | 2,607 | 2,895 | 562 | 953 | 14,388 | ||||||||||||
Income (loss) before taxes | 1,785 | 3,089 | 133 | 289 | -1,039 | 4,257 | ||||||||||||
Taxes on income | 783 | 1,355 | 59 | 127 | -456 | 1,868 | ||||||||||||
Net income (loss) | $ | 1,002 | $ | 1,734 | $ | 74 | $ | 162 | $ | -583 | $ | 2,389 | ||||||
* Includes externally generated loss of $0.2 million, primarily from investing services, and an internally generated revenue of $0.1 million from the funds management unit | ||||||||||||||||||
Fixed asset expenditures | $ | 12 | $ | - | $ | - | $ | - | $ | $ | $ | 343 | ||||||
331 | ||||||||||||||||||
Total loans at period end | 628,748 | 495,815 | 195,355 | 7,297 | - | 1,327,215 | ||||||||||||
Total assets at period end | 644,066 | 492,657 | 200,781 | 9,924 | 744,266 | 2,091,694 | ||||||||||||
Total deposits at period end | 1,210,995 | 186,378 | 266,345 | 3,569 | 10,381 | 1,677,668 | ||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2014 | |
Off-Balance-Sheet Arrangments, Commitments, Guarantees And Contingencies [Abstract] | ' |
Legal Matters and Contingencies [Text Block] | ' |
NOTE 9: COMMITMENTS AND CONTINGENCIES | |
On March 18, 2011, an action entitled Ubaldi, et al. v SLM Corporation (“Sallie Mae”), et al., Case No. 3:11-cv-01320 EDL (the “Ubaldi Case”) was filed in the U.S. District Court for the Northern District of California as a putative class action with respect to certain loans that the plaintiffs claim were made by Sallie Mae. The loans in question were made by various banks, including Bank SNB, and sold to Sallie Mae. Plaintiff claims that Sallie Mae entered into arrangements with chartered banks in order to evade California law and that Sallie Mae is the de facto lender on the loans in question and, as the lender on such loan, Sallie Mae charged interest and late fees that violates California usury law and the California Business and Professions Code. Sallie Mae has denied all claims asserted against it and has stated that it intends to vigorously defend the action. On March 26, 2014, the Court denied the plaintiff’s request to certify the class; however, the Court is permitting the plaintiff to amend its filing to redefine the class. | |
Bank SNB is not named in the action. In the first quarter of 2014, Sallie Mae provided Bank SNB with a notice of claims that have been asserted against Sallie Mae in the Ubaldi Case (the “Notice”). Sallie Mae asserts in the Notice that Bank SNB may have indemnification and/or repurchase obligations pursuant to the ExportSS Agreement dated July 1, 2002 between Sallie Mae and Bank SNB, pursuant to which the loans in question were made by Bank SNB. Bank SNB has substantial defenses with respect to any claim for indemnification or repurchase ultimately made by Sallie Mae, if any, and intends to vigorously defend against any such claims. | |
Due to the uncertainty regarding (i) the size and scope of the class, (ii) whether a class will ultimately be certified, (iii) the particular class members, (iv) the interest rate on loans made by Bank SNB charged to particular class members, (v) the late fees charged to particular class members, (vi) the time period that will ultimately be at issue if a class is certified in the Ubaldi Case, (vii) the theories, if any, under which the plaintiffs might prevail, (viii) whether Sallie Mae will make a claim against us for indemnification or repurchase, and (ix) the likelihood that Sallie Mae would prevail if it makes such a claim, we cannot estimate the amount or the range of losses that may arise as a result of the Ubaldi Case. | |
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 currently does not expect that the outcome of such actions will 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. | |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
NOTE 10: 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 | 3 Months Ended |
Mar. 31, 2014 | |
New Authoritative Accounting Guidance [Abstract] | ' |
New Authoritative Accounting Guidance | ' |
NOTE 11: NEW AUTHORITATIVE ACCOUNTING GUIDANCE | |
In July 2013, FASB issued Accounting Standard Update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires an entity to present an unrecognized tax benefit as a reduction of a deferred tax asset for a net operating loss (NOL) carryforward, or similar tax loss or tax credit carryforward, rather than as a liability when (1) the uncertain tax position would reduce the NOL or other carryforward under the tax law of the applicable jurisdiction and (2) the entity intends to use the deferred tax asset for that purpose. The ASU does not require new recurring disclosures. The guidance became effective for us on January 1, 2014 and did not have any impact on the financial statements. | |
Investment_Securities_Tables
Investment Securities (Tables) | 3 Months Ended | |||||||||||||
Mar. 31, 2014 | ||||||||||||||
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 March 31, 2014 | ||||||||||||||
Held to Maturity: | ||||||||||||||
Obligations of state and political subdivisions | $ | 10,700 | $ | 552 | $ | - | $ | 11,252 | ||||||
Total | $ | 10,700 | $ | 552 | $ | - | $ | 11,252 | ||||||
Available for Sale: | ||||||||||||||
Federal agency securities | $ | 118,883 | $ | 249 | $ | -1,737 | $ | 117,395 | ||||||
Obligations of state and political subdivisions | 33,574 | 130 | -510 | 33,194 | ||||||||||
Residential mortgage-backed securities | 180,769 | 1,793 | -1,761 | 180,801 | ||||||||||
Asset-backed securities | 9,586 | 9 | -48 | 9,547 | ||||||||||
Other securities | 34,025 | 1,370 | -45 | 35,350 | ||||||||||
Total | $ | 376,837 | $ | 3,551 | $ | -4,101 | $ | 376,287 | ||||||
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 | ||||||||||
Other securities | 35,316 | 1,267 | -165 | 36,418 | ||||||||||
Total | $ | 385,423 | $ | 3,380 | $ | -6,324 | $ | 382,479 | ||||||
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 | $ | 17,535 | $ | 17,788 | $ | 940 | $ | 952 | ||||||
More than one year through five years | 162,898 | 164,583 | 2,224 | 2,282 | ||||||||||
More than five years through ten years | 149,080 | 146,581 | 4,144 | 4,286 | ||||||||||
More than ten years | 47,324 | 47,335 | 3,392 | 3,732 | ||||||||||
Total | $ | 376,837 | $ | 376,287 | $ | 10,700 | $ | 11,252 | ||||||
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 March 31, 2014 | ||||||||||||||
Available for Sale: | ||||||||||||||
Federal agency securities | 24 | $ | 91,922 | $ | -1,702 | $ | -35 | $ | 90,185 | |||||
Obligations of state and political subdivisions | 14 | 18,821 | -366 | -144 | 18,311 | |||||||||
Residential mortgage-backed securities | 49 | 94,772 | -1,604 | -157 | 93,011 | |||||||||
Asset-backed securities | 3 | 7,830 | -48 | - | 7,782 | |||||||||
Other Securities | 3 | 14,723 | -45 | - | 14,678 | |||||||||
Total | 93 | $ | 228,068 | $ | -3,765 | $ | -336 | $ | 223,967 | |||||
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 | |||||
Loans_And_Allowance_For_Loan_L1
Loans And Allowance For Loan Losses (Tables) | 3 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
Loans And Allowance For Loan Losses [Abstract] | ' | |||||||||||||||||
Southwest's Loan Classifications | ' | |||||||||||||||||
At March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | ||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 755,680 | $ | 10,498 | $ | 740,997 | $ | 11,282 | ||||||||||
One-to-four family residential | 81,199 | 3,420 | 80,058 | 3,930 | ||||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 165,820 | 187 | 143,650 | 198 | ||||||||||||||
One-to-four family residential | 6,629 | - | 4,646 | - | ||||||||||||||
Commercial | 265,394 | 917 | 254,087 | 971 | ||||||||||||||
Installment and consumer: | ||||||||||||||||||
Guaranteed student loans | 4,318 | - | 4,394 | - | ||||||||||||||
Other | 26,029 | 31 | 26,644 | 46 | ||||||||||||||
1,305,069 | 15,053 | 1,254,476 | 16,427 | |||||||||||||||
Less: Allowance for loan losses | -34,918 | -7 | -36,607 | -56 | ||||||||||||||
Total loans, net | $ | 1,270,151 | $ | 15,046 | $ | 1,217,869 | $ | 16,371 | ||||||||||
Changes In The Carrying Amounts And Accretable Yields For ASC 310.30 Loans | ' | |||||||||||||||||
For the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Carrying | Carrying | |||||||||||||||||
Accretable | amount | Accretable | amount | |||||||||||||||
(Dollars in thousands) | Yield | of loans | Yield | of loans | ||||||||||||||
Balance at beginning of period | $ | 1,597 | $ | 16,427 | $ | 1,904 | $ | 25,707 | ||||||||||
Payments received | - | -1,333 | - | -1,889 | ||||||||||||||
Transfers to other real estate / repossessed assets | - | - | -33 | -375 | ||||||||||||||
Net charge-offs | -4 | -41 | -1 | - | ||||||||||||||
Net reclassifications to / from nonaccretable amount | - | - | - | - | ||||||||||||||
Accretion | -90 | - | -163 | 158 | ||||||||||||||
Balance at end of period | $ | 1,503 | $ | 15,053 | $ | 1,707 | $ | 23,601 | ||||||||||
Recorded Investment In Loans On Nonaccrual Status | ' | |||||||||||||||||
At March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Noncovered | Covered | Noncovered | Covered | ||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 6,571 | $ | 970 | $ | 6,564 | $ | 1,202 | ||||||||||
One-to-four family residential | 417 | 53 | 456 | 57 | ||||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 80 | - | 2,721 | - | ||||||||||||||
Commercial | 7,992 | - | 8,769 | - | ||||||||||||||
Other consumer | 2 | - | 50 | - | ||||||||||||||
Total nonaccrual loans | $ | 15,062 | $ | 1,023 | $ | 18,560 | $ | 1,259 | ||||||||||
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 March 31, 2014 | ||||||||||||||||||
Noncovered: | ||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | $ | 4,005 | $ | 6,571 | $ | 10,576 | $ | 745,104 | $ | 755,680 | $ | - | ||||||
One-to-four family residential | 109 | 417 | 526 | 80,673 | 81,199 | - | ||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | 847 | 80 | 927 | 164,893 | 165,820 | - | ||||||||||||
One-to-four family residential | - | - | - | 6,629 | 6,629 | - | ||||||||||||
Commercial | 1,166 | 7,992 | 9,158 | 256,236 | 265,394 | - | ||||||||||||
Other | 391 | 2 | 393 | 29,954 | 30,347 | - | ||||||||||||
Total - noncovered | 6,518 | 15,062 | 21,580 | 1,283,489 | 1,305,069 | - | ||||||||||||
Covered: | ||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||
Commercial | 911 | 970 | 1,881 | 8,617 | 10,498 | - | ||||||||||||
One-to-four family residential | 34 | 53 | 87 | 3,333 | 3,420 | - | ||||||||||||
Real estate construction: | ||||||||||||||||||
Commercial | - | - | - | 187 | 187 | - | ||||||||||||
Commercial | - | - | - | 917 | 917 | - | ||||||||||||
Other | 1 | - | 1 | 30 | 31 | - | ||||||||||||
Total - covered | 946 | 1,023 | 1,969 | 13,084 | 15,053 | - | ||||||||||||
Total | $ | 7,464 | $ | 16,085 | $ | 23,549 | $ | 1,296,573 | $ | 1,320,122 | $ | - | ||||||
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 real estate | 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 | ||||||
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 March 31, 2014 | ||||||||||||||||||
Noncovered: | ||||||||||||||||||
Commercial real estate | $ | 23,213 | $ | 23,559 | $ | 16,827 | $ | 17,105 | $ | 4,748 | ||||||||
One-to-four family residential | 417 | 549 | - | - | - | |||||||||||||
Real estate construction | 81 | 105 | - | - | - | |||||||||||||
Commercial | 2,459 | 5,524 | 7,003 | 10,270 | 2,164 | |||||||||||||
Other | 2 | 4 | - | - | - | |||||||||||||
Total noncovered | $ | 26,172 | $ | 29,741 | $ | 23,830 | $ | 27,375 | $ | 6,912 | ||||||||
Covered: | ||||||||||||||||||
Commercial real estate | $ | 5,535 | $ | 6,552 | $ | 453 | $ | 453 | $ | 6 | ||||||||
One-to-four family residential | 54 | 54 | 41 | 74 | 1 | |||||||||||||
Total covered | $ | 5,589 | $ | 6,606 | $ | 494 | $ | 527 | $ | 7 | ||||||||
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 | ||||||||
Average Recorded Investment And Interest Income Recognized On Impaired Loans | ' | |||||||||||||||||
As of and for the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Average | Average | |||||||||||||||||
Recorded | Interest | Recorded | Interest | |||||||||||||||
(Dollars in thousands) | Investment | Income | Investment | Income | ||||||||||||||
Noncovered: | ||||||||||||||||||
Commercial real estate | $ | 38,631 | $ | 348 | $ | 47,880 | $ | 410 | ||||||||||
One-to-four family residential | 427 | - | 578 | - | ||||||||||||||
Real estate construction | 82 | - | 5,117 | 12 | ||||||||||||||
Commercial | 8,942 | 24 | 13,254 | 34 | ||||||||||||||
Other | 3 | - | 77 | - | ||||||||||||||
Total noncovered | $ | 48,085 | $ | 372 | $ | 66,906 | $ | 456 | ||||||||||
Covered: | ||||||||||||||||||
Commercial real estate | $ | 10,958 | $ | 91 | $ | 17,803 | $ | 82 | ||||||||||
One-to-four family residential | 3,682 | - | 4,724 | - | ||||||||||||||
Real estate construction | 193 | - | 373 | - | ||||||||||||||
Commercial | 863 | - | 1,873 | - | ||||||||||||||
Other | 32 | - | 95 | - | ||||||||||||||
Total covered | $ | 15,728 | $ | 91 | $ | 24,868 | $ | 82 | ||||||||||
Troubled Debt Restructured Loans Outstanding | ' | |||||||||||||||||
At March 31, 2014 | At December 31, 2013 | |||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccrual | Accruing | Nonaccrual | ||||||||||||||
Commercial real estate | $ | 36,435 | $ | 4,318 | $ | 44,442 | $ | 4,456 | ||||||||||
One-to-four family residential | 17 | 151 | 18 | 162 | ||||||||||||||
Commercial | 1,471 | 292 | 1,527 | 648 | ||||||||||||||
Consumer | - | - | - | 46 | ||||||||||||||
Total | $ | 37,923 | $ | 4,761 | $ | 45,987 | $ | 5,312 | ||||||||||
Loans Modified As Troubled Debt Restructurings | ' | |||||||||||||||||
For the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||
(Dollars in thousands) | Modifications | Investment | Modifications | Investment | ||||||||||||||
Commercial real estate | - | $ | - | 6 | $ | 10,882 | ||||||||||||
Commercial | 3 | 244 | 3 | 576 | ||||||||||||||
Total | 3 | $ | 244 | 9 | $ | 11,458 | ||||||||||||
Recorded Investment And The Number Of Loans Modified As Troubled Debt Restructuring Which Subsequently Defaulted | ' | |||||||||||||||||
For the three months ended March 31, | ||||||||||||||||||
2014 | 2013 | |||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||
(Dollars in thousands) | Contracts | Investment | Contracts | Investment | ||||||||||||||
Commercial | - | $ | - | 1 | $ | 563 | ||||||||||||
Total | - | $ | - | 1 | $ | 563 | ||||||||||||
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 March 31, 2014 | ||||||||||||||||||
Grade: | ||||||||||||||||||
Pass | $ | 633,694 | $ | 82,679 | $ | 128,465 | $ | 247,156 | $ | 30,250 | $ | 1,122,244 | ||||||
Special Mention | 58,080 | 895 | 21,876 | 6,437 | 123 | 87,411 | ||||||||||||
Substandard | 73,974 | 897 | 22,295 | 7,271 | 3 | 104,440 | ||||||||||||
Doubtful | 430 | 148 | - | 5,447 | 2 | 6,027 | ||||||||||||
Total | $ | 766,178 | $ | 84,619 | $ | 172,636 | $ | 266,311 | $ | 30,378 | $ | 1,320,122 | ||||||
At December 31, 2013 | ||||||||||||||||||
Grade: | ||||||||||||||||||
Pass | $ | 610,929 | $ | 81,534 | $ | 101,715 | $ | 233,132 | $ | 30,893 | $ | 1,058,203 | ||||||
Special Mention | 62,932 | 1,452 | 22,576 | 6,130 | 141 | 93,231 | ||||||||||||
Substandard | 77,453 | 944 | 24,203 | 11,329 | 50 | 113,979 | ||||||||||||
Doubtful | 965 | 58 | - | 4,467 | - | 5,490 | ||||||||||||
Total | $ | 752,279 | $ | 83,988 | $ | 148,494 | $ | 255,058 | $ | 31,084 | $ | 1,270,903 | ||||||
By Balance In The Allowance For Loan Losses And The Recorded Investment In Loans Portfolio Classification Disaggregated On The Basis Of Impairment Evaluation Method | ' | |||||||||||||||||
Commercial | 1-4 Family | Real Estate | ||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||
At March 31, 2014 | ||||||||||||||||||
Balance at beginning of period | $ | 18,854 | $ | 850 | $ | 5,523 | $ | 10,985 | $ | 451 | $ | 36,663 | ||||||
Loans charged-off | -41 | - | -655 | -2,575 | -121 | -3,392 | ||||||||||||
Recoveries | 2,284 | 18 | - | 308 | 30 | 2,640 | ||||||||||||
Provision for loan losses | -2,238 | -152 | 706 | 682 | 16 | -986 | ||||||||||||
Balance at end of period | $ | 18,859 | $ | 716 | $ | 5,574 | $ | 9,400 | $ | 376 | $ | 34,925 | ||||||
Allowance for loan losses ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 4,748 | $ | - | $ | - | $ | 2,164 | $ | - | $ | 6,912 | ||||||
Collectively evaluated for impairment | 14,105 | 715 | 5,574 | 7,236 | 376 | 28,006 | ||||||||||||
Acquired with deteriorated credit quality | 6 | 1 | - | - | - | 7 | ||||||||||||
Total ending allowance balance | $ | 18,859 | $ | 716 | $ | 5,574 | $ | 9,400 | $ | 376 | $ | 34,925 | ||||||
Loans receivable ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 40,040 | $ | 417 | $ | 81 | $ | 9,462 | $ | 2 | $ | 50,002 | ||||||
Collectively evaluated for impairment | 715,640 | 80,782 | 172,368 | 255,932 | 30,345 | 1,255,067 | ||||||||||||
Acquired with deteriorated credit quality | 10,498 | 3,420 | 187 | 917 | 31 | 15,053 | ||||||||||||
Total ending loans balance | $ | 766,178 | $ | 84,619 | $ | 172,636 | $ | 266,311 | $ | 30,378 | $ | 1,320,122 | ||||||
Commercial | 1-4 Family | Real Estate | ||||||||||||||||
(Dollars in thousands) | Real Estate | Residential | Construction | Commercial | Other | Total | ||||||||||||
At March 31, 2013 | ||||||||||||||||||
Balance at beginning of period | $ | 27,223 | $ | 861 | $ | 5,271 | $ | 12,604 | $ | 759 | $ | 46,718 | ||||||
Loans charged-off | -458 | -186 | - | -3,926 | -81 | -4,651 | ||||||||||||
Recoveries | 42 | 19 | 19 | 175 | 33 | 288 | ||||||||||||
Provision for loan losses | -1,520 | 161 | 669 | 1,260 | -72 | 498 | ||||||||||||
Balance at end of period | $ | 25,287 | $ | 855 | $ | 5,959 | $ | 10,113 | $ | 639 | $ | 42,853 | ||||||
Allowance for loan losses ending balances: | ||||||||||||||||||
Individually evaluated for impairment | $ | 5,146 | - | 249 | 3,431 | 68 | 8,894 | |||||||||||
Collectively evaluated for impairment | 19,996 | 786 | 5,710 | 6,682 | 571 | 33,745 | ||||||||||||
Acquired with deteriorated credit quality | 145 | 69 | - | - | - | 214 | ||||||||||||
Total ending allowance balance | $ | 25,287 | $ | 855 | $ | 5,959 | $ | 10,113 | $ | 639 | $ | 42,853 | ||||||
Loans receivable ending balance: | ||||||||||||||||||
Individually evaluated for impairment | $ | 47,494 | 651 | 7,238 | 13,539 | 73 | 68,995 | |||||||||||
Collectively evaluated for impairment | 772,379 | 73,260 | 137,239 | 218,685 | 33,056 | 1,234,619 | ||||||||||||
Acquired with deteriorated credit quality | 16,970 | 4,458 | 367 | 1,715 | 91 | 23,601 | ||||||||||||
Total ending loans balance | $ | 836,843 | $ | 78,369 | $ | 144,844 | $ | 233,939 | $ | 33,220 | $ | 1,327,215 | ||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||
Mar. 31, 2014 | |||||||||||||||
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 March 31, 2014 | |||||||||||||||
Loans held for sale: | |||||||||||||||
One-to-four family residential | $ | 4,941 | $ | - | $ | 4,941 | $ | - | |||||||
Government guaranteed commercial real estate | 754 | - | 754 | - | |||||||||||
Other loans held for sale | 46 | - | 46 | - | |||||||||||
Available for sale securities: | |||||||||||||||
Federal agency securities | 117,395 | - | 117,395 | - | |||||||||||
Obligations of state and political subdivisions | 33,194 | - | 33,194 | - | |||||||||||
Residential mortgage-backed securities | 180,801 | - | 180,801 | - | |||||||||||
Asset-backed securities | 9,547 | - | 9,547 | - | |||||||||||
Other securities | 35,350 | 142 | 35,208 | - | |||||||||||
Derivative instrument | -1,865 | - | -1,865 | - | |||||||||||
Total | $ | 380,163 | $ | 142 | $ | 380,021 | $ | - | |||||||
At December 31, 2013 | |||||||||||||||
Loans held for sale: | |||||||||||||||
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 | $ | - | |||||||
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 March 31, 2014 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 21,776 | $ | - | $ | 21,776 | $ | - | $ | -953 | |||||
Commercial | 8,345 | - | 8,345 | - | 6,217 | ||||||||||
Noncovered other real estate | 2,560 | - | 2,560 | - | - | ||||||||||
Covered other real estate | 2,094 | - | 2,094 | - | - | ||||||||||
Mortgage loan servicing rights | 3,452 | - | - | 3,452 | - | ||||||||||
Total | $ | 38,227 | $ | - | $ | 34,775 | $ | 3,452 | $ | 5,264 | |||||
At December 31, 2013 | |||||||||||||||
Noncovered impaired loans at fair value : | |||||||||||||||
Commercial real estate | $ | 20,423 | $ | - | $ | 20,423 | $ | - | $ | 3,075 | |||||
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 | |||||
Carrying Values And Estimated Fair Values Of Financial Instruments Segregated By The Level Of The Valuation Inputs | ' | ||||||||||||||
At March 31, 2014 | At December 31, 2013 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Dollars in thousands) | Values | Values | Values | Values | |||||||||||
Financial assets: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Cash and cash equivalents | $ | 266,574 | $ | 266,574 | $ | 279,839 | $ | 279,839 | |||||||
Securities held to maturity | 10,700 | 11,252 | 11,720 | 12,115 | |||||||||||
Accrued interest receivable | 5,380 | 5,380 | 5,335 | 5,335 | |||||||||||
Investments included in other assets | 7,348 | 7,348 | 8,140 | 8,140 | |||||||||||
Level 3 inputs: | |||||||||||||||
Total loans, net of allowance | 1,285,197 | 1,237,328 | 1,234,240 | 1,190,869 | |||||||||||
Financial liabilities: | |||||||||||||||
Level 2 inputs: | |||||||||||||||
Deposits | 1,605,906 | 1,507,750 | 1,584,086 | 1,486,939 | |||||||||||
Accrued interest payable | 807 | 807 | 832 | 832 | |||||||||||
Other liabilities | 6,804 | 6,804 | 8,248 | 8,248 | |||||||||||
Derivative instrument | 1,865 | 1,865 | 1,967 | 1,967 | |||||||||||
Other borrowings | 85,692 | 88,462 | 80,632 | 83,593 | |||||||||||
Subordinated debentures | 46,393 | 46,393 | 46,393 | 46,393 | |||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Earnings Per Share [Abstract] | ' | |||||
Computation Of Basic And Diluted Earnings Per Common Share | ' | |||||
For the three months | ||||||
ended March 31, | ||||||
(Dollars in thousands, except earnings per share data) | 2014 | 2013 | ||||
Numerator: | ||||||
Net income | $ | 3,691 | $ | 2,389 | ||
Earnings allocated to participating securities | -40 | -17 | ||||
Numerator for basic earnings per common share | $ | 3,651 | $ | 2,372 | ||
Effect of reallocating undistributed earnings | ||||||
of participating securities | 40 | 17 | ||||
Numerator for diluted earnings per common share | $ | 3,691 | $ | 2,389 | ||
Denominator: | ||||||
Denominator for basic earnings per common share | 19,526,351 | 19,451,490 | ||||
Dilutive effect of stock compensation | 244,623 | - | ||||
Denominator for diluted earnings per common share | 19,770,974 | 19,451,490 | ||||
Earnings per common share: | ||||||
Basic | $ | 0.19 | $ | 0.12 | ||
Diluted | $ | 0.19 | $ | 0.12 | ||
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Investment Securities [Abstract] | ' | ' |
Total investments carried at cost | $7.30 | $8.10 |
Available for sale debt securities amortized cost pledged as collateral | $251.30 | $292.60 |
Investment_Securities_Summary_
Investment Securities (Summary Of Amortized Cost And Fair Values Of Investment Securities) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Held to Maturity | $10,700 | $11,720 |
Gross Unrealized Gains, Held to Maturity | 552 | 395 |
Fair Value, Held to Maturity | 11,252 | 12,115 |
Amortized Cost, Available for Sale | 376,837 | 385,423 |
Gross Unrealized Gains, Available for Sale | 3,551 | 3,380 |
Gross Unrealized Losses, Available for Sale | -4,101 | -6,324 |
Available-for-Sale Securities, Total | 376,287 | 382,479 |
Federal Agency Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 118,883 | 123,332 |
Gross Unrealized Gains, Available for Sale | 249 | 330 |
Gross Unrealized Losses, Available for Sale | -1,737 | -2,889 |
Available-for-Sale Securities, Total | 117,395 | 120,773 |
Obligations Of State And Political Subdivisions [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Held to Maturity | 10,700 | 11,720 |
Gross Unrealized Gains, Held to Maturity | 552 | 395 |
Fair Value, Held to Maturity | 11,252 | 12,115 |
Amortized Cost, Available for Sale | 33,574 | 33,685 |
Gross Unrealized Gains, Available for Sale | 130 | 36 |
Gross Unrealized Losses, Available for Sale | -510 | -1,085 |
Available-for-Sale Securities, Total | 33,194 | 32,636 |
Residential Mortgage-Backed Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 180,769 | 183,512 |
Gross Unrealized Gains, Available for Sale | 1,793 | 1,747 |
Gross Unrealized Losses, Available for Sale | -1,761 | -2,089 |
Available-for-Sale Securities, Total | 180,801 | 183,170 |
Asset-Backed Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 9,586 | 9,578 |
Gross Unrealized Gains, Available for Sale | 9 | ' |
Gross Unrealized Losses, Available for Sale | -48 | -96 |
Available-for-Sale Securities, Total | 9,547 | 9,482 |
Equity Securities [Member] | ' | ' |
Held To Maturity Securities And Available For Sale Securities [Line Items] | ' | ' |
Amortized Cost, Available for Sale | 34,025 | 35,316 |
Gross Unrealized Gains, Available for Sale | 1,370 | 1,267 |
Gross Unrealized Losses, Available for Sale | -45 | -165 |
Available-for-Sale Securities, Total | $35,350 | $36,418 |
Investment_Securities_Amortize
Investment Securities (Amortized Cost And Approximate Fair Value Of Investment Securities By Maturity Date) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Amortized cost and approximate fair value [Abstract] | ' | ' |
One year or less, Amortized cost, Available for Sale | $17,535 | ' |
One year or less, Fair Value, Available for Sale | 17,788 | ' |
One year or less, Amortized Cost, Held to Maturity | 940 | ' |
One year or less, Fair Value, Held to Maturity | 952 | ' |
More than one year through five years, Amortized Cost, Available for Sale | 162,898 | ' |
More than one year through five years, Fair Value, Available for Sale | 164,583 | ' |
More than one year through five years, Amortized Cost, Held to Maturity | 2,224 | ' |
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 | 149,080 | ' |
More than five years through ten years, Fair Value, Available for Sale | 146,581 | ' |
More than five years through ten years, Amortized Cost, Held to Maturity | 4,144 | ' |
More than five years through ten years, Fair Value, Held to Maturity | 4,286 | ' |
More than ten years, Amortized Cost, Available for Sale | 47,324 | ' |
More than ten years, Fair Value, Available for Sale | 47,335 | ' |
More than ten years, Amortized Cost, Held to Maturity | 3,392 | ' |
More than ten years, Fair Value, Held to Maturity | 3,732 | ' |
Total, Amortized Cost, Available for Sale | 376,837 | ' |
Total, Fair Value, Available for Sale | 376,287 | ' |
Held-to-maturity Securities, Total | 10,700 | 11,720 |
Fair Value, Held to Maturity | $11,252 | $12,115 |
Investment_Securities_Summary_1
Investment Securities (Summary Of Securities With Gross Unrealized Losses And Their Fair Values) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | security | security |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 93 | 108 |
Amortized cost of securities with unrealized losses, Available for Sale | $228,068 | $261,473 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -3,765 | -6,048 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -336 | -276 |
Fair value of securities with unrealized losses, Available for Sale | 223,967 | 255,149 |
Other Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 3 | 8 |
Amortized cost of securities with unrealized losses, Available for Sale | 14,723 | 27,728 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -45 | -165 |
Fair value of securities with unrealized losses, Available for Sale | 14,678 | 27,563 |
Federal Agency Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 24 | 24 |
Amortized cost of securities with unrealized losses, Available for Sale | 91,922 | 87,921 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -1,702 | -2,885 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -35 | -4 |
Fair value of securities with unrealized losses, Available for Sale | 90,185 | 85,032 |
Obligations Of State And Political Subdivisions [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 14 | 20 |
Amortized cost of securities with unrealized losses, Available for Sale | 18,821 | 31,579 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -366 | -887 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -144 | -198 |
Fair value of securities with unrealized losses, Available for Sale | 18,311 | 30,494 |
Residential Mortgage-Backed Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 49 | 53 |
Amortized cost of securities with unrealized losses, Available for Sale | 94,772 | 104,667 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -1,604 | -2,015 |
Continuous Unrealized Loss Existing for More Than 12 Months, Available for Sale | -157 | -74 |
Fair value of securities with unrealized losses, Available for Sale | 93,011 | 102,578 |
Asset-Backed Securities [Member] | ' | ' |
Available-for-sale Securities and Held-to-maturity Securities | ' | ' |
Number of Securities, Available for Sale | 3 | 3 |
Amortized cost of securities with unrealized losses, Available for Sale | 7,830 | 9,578 |
Continuous Unrealized Loss Existing for Less Than 12 Months, Available for Sale | -48 | -96 |
Fair value of securities with unrealized losses, Available for Sale | $7,782 | $9,482 |
Loans_And_Allowance_For_Loan_L2
Loans And Allowance For Loan Losses (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||||||
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 19, 2009 | Jun. 19, 2009 |
contract | contract | Real Estate Mortgage [Member] | Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Maximum [Member] | Noncovered [Member] | Noncovered [Member] | Covered [Member] | Covered [Member] | |
contract | Maximum [Member] | Minimum [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reimbursement Ratio | ' | ' | ' | ' | ' | ' | ' | ' | 95.00% | 80.00% |
Principal balances | ' | ' | ' | ' | ' | ' | $12.40 | $14.60 | ' | ' |
Impairment reserves | ' | ' | ' | ' | ' | ' | 2.8 | 2.9 | ' | ' |
Loans to individuals and businesses | 420.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of loans to individuals and businesses | 32.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of days for independent appraisals on real estate collateral | ' | ' | ' | ' | ' | '30 days | ' | ' | ' | ' |
Number of collateral dependent lending relationships | 7 | 5 | ' | ' | 4 | ' | ' | ' | ' | ' |
Loans held for sale | 5.7 | 3.1 | ' | ' | ' | ' | ' | ' | ' | ' |
Actual loss period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period to sell loans from the date of closing | '1 month | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unpaid principal of mortgage loans serviced for others | ' | ' | 391.3 | 390.7 | ' | ' | ' | ' | ' | ' |
Accrued additional interest income | 0.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cumulative charge-offs against noncovered nonaccrual loans | $5.50 | $8.20 | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled debt restructuring Period | '12 months | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_And_Allowance_For_Loan_L3
Loans And Allowance For Loan Losses (Southwest's Loan Classifications) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 19, 2009 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | $1,305,069 | $1,254,476 | ' |
Less: Allowance for loan losses | -34,918 | -36,607 | ' |
Total loans, net, Noncovered | 1,270,151 | 1,217,869 | ' |
Loans receivable, Covered | 15,053 | 16,427 | ' |
Less: Allowance for loan losses | -7 | -56 | -35,000 |
Net covered loans receivable | 15,046 | 16,371 | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 265,394 | 254,087 | ' |
Loans receivable, Covered | 917 | 971 | ' |
Commercial Real Estate [Member] | Real Estate Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 755,680 | 740,997 | ' |
Loans receivable, Covered | 10,498 | 11,282 | ' |
Commercial Real Estate [Member] | Real Estate Construction [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 165,820 | 143,650 | ' |
Loans receivable, Covered | 187 | 198 | ' |
One-To-Four Family Residential [Member] | Real Estate Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 81,199 | 80,058 | ' |
Loans receivable, Covered | 3,420 | 3,930 | ' |
One-To-Four Family Residential [Member] | Real Estate Construction [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 6,629 | 4,646 | ' |
Guaranteed Student Loans [Member] | Installment And Consumer [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 4,318 | 4,394 | ' |
Other [Member] | Installment And Consumer [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 26,029 | 26,644 | ' |
Loans receivable, Covered | $31 | $46 | ' |
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 $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Loans And Allowance For Loan Losses [Abstract] | ' | ' |
Balance at beginning of period, Accretable Yield | $1,597 | $1,904 |
Transfers to other real estate/ repossessed assets, Accretable Yield | ' | -33 |
Charge-offs, Accretable Yield | -4 | -1 |
Accretion, Accretable yield | -90 | -163 |
Balance at end of period, Accretable Yield | 1,503 | 1,707 |
Balance at beginning of period, Carrying amount of loans | 16,427 | 25,707 |
Payments Received, Carrying amount of loans | -1,333 | -1,889 |
Transfers to other real estate / repossessed assets, Carrying amount of loans | ' | -375 |
Charged-offs, Carrying amount of loans | -41 | ' |
Accretion, Carrying amount of loans | ' | 158 |
Balance at end of period, Carrying amount of loans | $15,053 | $23,601 |
Loans_And_Allowance_For_Loan_L5
Loans And Allowance For Loan Losses (Recorded Investment In Loans On Nonaccrual Status) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | $15,062 | $18,560 |
Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 1,023 | 1,259 |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 6,571 | 6,564 |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 970 | 1,202 |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 417 | 456 |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | Covered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 53 | 57 |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 80 | 2,721 |
Commercial [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | 7,992 | 8,769 |
Other [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total nonaccrual loans | $2 | $50 |
Loans_And_Allowance_For_Loan_L6
Loans And Allowance For Loan Losses (Age Analysis Of Past Due Loans) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | $7,464 | $6,848 | ' |
90 days and greater past due | 16,085 | 19,872 | ' |
Total past due | 23,549 | 26,720 | ' |
Current | 1,296,573 | 1,244,183 | ' |
Loans receivable, Noncovered | 1,305,069 | 1,254,476 | ' |
Loans receivable, Covered | 15,053 | 16,427 | ' |
Recorded loans > 90 days and accruing | ' | 53 | ' |
Total | 1,320,122 | 1,270,903 | 1,327,215 |
Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 6,518 | 6,822 | ' |
90 days and greater past due | 15,062 | 18,613 | ' |
Total past due | 21,580 | 25,435 | ' |
Current | 1,283,489 | 1,229,041 | ' |
Loans receivable, Noncovered | 1,305,069 | 1,254,476 | ' |
Recorded loans > 90 days and accruing | ' | 53 | ' |
Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 946 | 26 | ' |
90 days and greater past due | 1,023 | 1,259 | ' |
Total past due | 1,969 | 1,285 | ' |
Current | 13,084 | 15,142 | ' |
Loans receivable, Covered | 15,053 | 16,427 | ' |
Other [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 391 | 128 | ' |
90 days and greater past due | 2 | 53 | ' |
Total past due | 393 | 181 | ' |
Current | 29,954 | 30,857 | ' |
Loans receivable, Noncovered | 30,347 | 31,038 | ' |
Recorded loans > 90 days and accruing | ' | 3 | ' |
Other [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 1 | ' | ' |
Total past due | 1 | ' | ' |
Current | 30 | 46 | ' |
Loans receivable, Covered | 31 | 46 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 755,680 | 740,997 | ' |
Loans receivable, Covered | 10,498 | 11,282 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 4,005 | 3,843 | ' |
90 days and greater past due | 6,571 | 6,564 | ' |
Total past due | 10,576 | 10,407 | ' |
Current | 745,104 | 730,590 | ' |
Loans receivable, Noncovered | 755,680 | 740,997 | ' |
Real Estate Mortgage [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 911 | 8 | ' |
90 days and greater past due | 970 | 1,202 | ' |
Total past due | 1,881 | 1,210 | ' |
Current | 8,617 | 10,072 | ' |
Loans receivable, Covered | 10,498 | 11,282 | ' |
Real Estate Mortgage [Member] | One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 81,199 | 80,058 | ' |
Loans receivable, Covered | 3,420 | 3,930 | ' |
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 | 109 | 284 | ' |
90 days and greater past due | 417 | 456 | ' |
Total past due | 526 | 740 | ' |
Current | 80,673 | 79,318 | ' |
Loans receivable, Noncovered | 81,199 | 80,058 | ' |
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 | 34 | 18 | ' |
90 days and greater past due | 53 | 57 | ' |
Total past due | 87 | 75 | ' |
Current | 3,333 | 3,855 | ' |
Loans receivable, Covered | 3,420 | 3,930 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total | 172,636 | 148,494 | 144,844 |
Real Estate Construction [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 165,820 | 143,650 | ' |
Loans receivable, Covered | 187 | 198 | ' |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 847 | 569 | ' |
90 days and greater past due | 80 | 2,721 | ' |
Total past due | 927 | 3,290 | ' |
Current | 164,893 | 140,360 | ' |
Loans receivable, Noncovered | 165,820 | 143,650 | ' |
Real Estate Construction [Member] | Commercial Real Estate [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 187 | 198 | ' |
Loans receivable, Covered | 187 | 198 | ' |
Real Estate Construction [Member] | One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans receivable, Noncovered | 6,629 | 4,646 | ' |
Real Estate Construction [Member] | One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 6,629 | 4,646 | ' |
Loans receivable, Noncovered | 6,629 | 4,646 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total | 266,311 | 255,058 | 233,939 |
Commercial [Member] | Noncovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-89 days past due | 1,166 | 1,998 | ' |
90 days and greater past due | 7,992 | 8,819 | ' |
Total past due | 9,158 | 10,817 | ' |
Current | 256,236 | 243,270 | ' |
Loans receivable, Noncovered | 265,394 | 254,087 | ' |
Recorded loans > 90 days and accruing | ' | 50 | ' |
Commercial [Member] | Covered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 917 | 971 | ' |
Loans receivable, Covered | $917 | $971 | ' |
Loans_And_Allowance_For_Loan_L7
Loans And Allowance For Loan Losses (Impaired Loans) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | $26,172 | $33,948 |
With No Specific Allowance Unpaid Principal Balance | 29,741 | 34,726 |
With A Specific Allowance Recorded Investment | 23,830 | 27,305 |
With A Specific Allowance Unpaid Principal Balance | 27,375 | 33,171 |
With A Specific Allowance Related Allowance | 6,912 | 7,939 |
Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 5,589 | 5,847 |
With No Specific Allowance Unpaid Principal Balance | 6,606 | 6,814 |
With A Specific Allowance Recorded Investment | 494 | 499 |
With A Specific Allowance Unpaid Principal Balance | 527 | 551 |
With A Specific Allowance Related Allowance | 7 | 7 |
Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 23,213 | 32,284 |
With No Specific Allowance Unpaid Principal Balance | 23,559 | 32,784 |
With A Specific Allowance Recorded Investment | 16,827 | 15,446 |
With A Specific Allowance Unpaid Principal Balance | 17,105 | 15,729 |
With A Specific Allowance Related Allowance | 4,748 | 4,012 |
Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 5,535 | 5,793 |
With No Specific Allowance Unpaid Principal Balance | 6,552 | 6,760 |
With A Specific Allowance Recorded Investment | 453 | 457 |
With A Specific Allowance Unpaid Principal Balance | 453 | 457 |
With A Specific Allowance Related Allowance | 6 | 3 |
One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 417 | 456 |
With No Specific Allowance Unpaid Principal Balance | 549 | 576 |
One-To-Four Family Residential [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 54 | 54 |
With No Specific Allowance Unpaid Principal Balance | 54 | 54 |
With A Specific Allowance Recorded Investment | 41 | 42 |
With A Specific Allowance Unpaid Principal Balance | 74 | 94 |
With A Specific Allowance Related Allowance | 1 | 4 |
Real Estate Construction [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 81 | 84 |
With No Specific Allowance Unpaid Principal Balance | 105 | 106 |
With A Specific Allowance Recorded Investment | ' | 2,636 |
With A Specific Allowance Unpaid Principal Balance | ' | 2,762 |
With A Specific Allowance Related Allowance | ' | 18 |
Commercial [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 2,459 | 1,120 |
With No Specific Allowance Unpaid Principal Balance | 5,524 | 1,254 |
With A Specific Allowance Recorded Investment | 7,003 | 9,177 |
With A Specific Allowance Unpaid Principal Balance | 10,270 | 14,608 |
With A Specific Allowance Related Allowance | 2,164 | 3,863 |
Other [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Specific Allowance Recorded Investment | 2 | 4 |
With No Specific Allowance Unpaid Principal Balance | 4 | 6 |
With A Specific Allowance Recorded Investment | ' | 46 |
With A Specific Allowance Unpaid Principal Balance | ' | 72 |
With A Specific Allowance Related Allowance | ' | $46 |
Loans_And_Allowance_For_Loan_L8
Loans And Allowance For Loan Losses (Average Recorded Investment And Interest Income Recognized On Impaired Loans) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | $48,085 | $66,906 |
Interest Income | 372 | 456 |
Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 15,728 | 24,868 |
Interest Income | 91 | 82 |
Commercial Real Estate [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 38,631 | 47,880 |
Interest Income | 348 | 410 |
Commercial Real Estate [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 10,958 | 17,803 |
Interest Income | 91 | 82 |
One-To-Four Family Residential [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 427 | 578 |
One-To-Four Family Residential [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 3,682 | 4,724 |
Real Estate Construction [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 82 | 5,117 |
Interest Income | ' | 12 |
Real Estate Construction [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 193 | 373 |
Commercial [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 8,942 | 13,254 |
Interest Income | 24 | 34 |
Commercial [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 863 | 1,873 |
Other [Member] | Noncovered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 3 | 77 |
Other [Member] | Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | $32 | $95 |
Loans_And_Allowance_For_Loan_L9
Loans And Allowance For Loan Losses (Troubled Debt Restructured Loans Outstanding) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | $37,923 | $45,987 |
Nonaccrual | 4,761 | 5,312 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 36,435 | 44,442 |
Nonaccrual | 4,318 | 4,456 |
One-To-Four Family Residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 17 | 18 |
Nonaccrual | 151 | 162 |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 1,471 | 1,527 |
Nonaccrual | 292 | 648 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccrual | ' | $46 |
Recovered_Sheet1
Loans And Allowance For Loan Losses (Loans Modified As Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 3 | 9 |
Recorded Investment | $244 | $11,458 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | ' | 6 |
Recorded Investment | ' | 10,882 |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 3 | 3 |
Recorded Investment | $244 | $576 |
Recovered_Sheet2
Loans And Allowance For Loan Losses (Recorded Investment And The Number Of Loans Modified As Troubled Debt Restructuring Which Subsequently Defaulted) (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2013 |
contract | |
Financing Receivable, Modifications [Line Items] | ' |
Number of Contracts | 1 |
Recorded Investment | $563 |
Commercial [Member] | ' |
Financing Receivable, Modifications [Line Items] | ' |
Number of Contracts | 1 |
Recorded Investment | $563 |
Recovered_Sheet3
Loans And Allowance For Loan Losses (Classification Of Risk Category Of Loans, By Classes) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | $1,320,122 | $1,270,903 | $1,327,215 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 1,122,244 | 1,058,203 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 87,411 | 93,231 | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 104,440 | 113,979 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 6,027 | 5,490 | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 766,178 | 752,279 | 836,843 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 633,694 | 610,929 | ' |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 58,080 | 62,932 | ' |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 73,974 | 77,453 | ' |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 430 | 965 | ' |
One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 84,619 | 83,988 | 78,369 |
One-To-Four Family Residential [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 82,679 | 81,534 | ' |
One-To-Four Family Residential [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 895 | 1,452 | ' |
One-To-Four Family Residential [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 897 | 944 | ' |
One-To-Four Family Residential [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 148 | 58 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 172,636 | 148,494 | 144,844 |
Real Estate Construction [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 128,465 | 101,715 | ' |
Real Estate Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 21,876 | 22,576 | ' |
Real Estate Construction [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 22,295 | 24,203 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 266,311 | 255,058 | 233,939 |
Commercial [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 247,156 | 233,132 | ' |
Commercial [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 6,437 | 6,130 | ' |
Commercial [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 7,271 | 11,329 | ' |
Commercial [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 5,447 | 4,467 | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 30,378 | 31,084 | 33,220 |
Other [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 30,250 | 30,893 | ' |
Other [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 123 | 141 | ' |
Other [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | 3 | 50 | ' |
Other [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total | $2 | ' | ' |
Recovered_Sheet4
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 $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | $36,663 | $46,718 | ' |
Loans charged-off | -3,392 | -4,651 | ' |
Recoveries | 2,640 | 288 | ' |
Provision for loan losses | -986 | 498 | ' |
Balance at end of period | 34,925 | 42,853 | ' |
Individually evaluated for impairment | 6,912 | 8,894 | ' |
Collectively evaluated for impairment | 28,006 | 33,745 | ' |
Acquired with deteriorated credit quality | 7 | 214 | ' |
Individually evaluated for impairment | 50,002 | 68,995 | ' |
Collectively evaluated for impairment | 1,255,067 | 1,234,619 | ' |
Acquired with deteriorated credit quality | 15,053 | 23,601 | ' |
Total ending loans balance | 1,320,122 | 1,327,215 | 1,270,903 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 18,854 | 27,223 | ' |
Loans charged-off | -41 | -458 | ' |
Recoveries | 2,284 | 42 | ' |
Provision for loan losses | -2,238 | -1,520 | ' |
Balance at end of period | 18,859 | 25,287 | ' |
Individually evaluated for impairment | 4,748 | 5,146 | ' |
Collectively evaluated for impairment | 14,105 | 19,996 | ' |
Acquired with deteriorated credit quality | 6 | 145 | ' |
Individually evaluated for impairment | 40,040 | 47,494 | ' |
Collectively evaluated for impairment | 715,640 | 772,379 | ' |
Acquired with deteriorated credit quality | 10,498 | 16,970 | ' |
Total ending loans balance | 766,178 | 836,843 | 752,279 |
One-To-Four Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 850 | 861 | ' |
Loans charged-off | ' | -186 | ' |
Recoveries | 18 | 19 | ' |
Provision for loan losses | -152 | 161 | ' |
Balance at end of period | 716 | 855 | ' |
Collectively evaluated for impairment | 715 | 786 | ' |
Acquired with deteriorated credit quality | 1 | 69 | ' |
Individually evaluated for impairment | 417 | 651 | ' |
Collectively evaluated for impairment | 80,782 | 73,260 | ' |
Acquired with deteriorated credit quality | 3,420 | 4,458 | ' |
Total ending loans balance | 84,619 | 78,369 | 83,988 |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 5,523 | 5,271 | ' |
Loans charged-off | -655 | ' | ' |
Recoveries | ' | 19 | ' |
Provision for loan losses | 706 | 669 | ' |
Balance at end of period | 5,574 | 5,959 | ' |
Individually evaluated for impairment | ' | 249 | ' |
Collectively evaluated for impairment | 5,574 | 5,710 | ' |
Individually evaluated for impairment | 81 | 7,238 | ' |
Collectively evaluated for impairment | 172,368 | 137,239 | ' |
Acquired with deteriorated credit quality | 187 | 367 | ' |
Total ending loans balance | 172,636 | 144,844 | 148,494 |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 10,985 | 12,604 | ' |
Loans charged-off | -2,575 | -3,926 | ' |
Recoveries | 308 | 175 | ' |
Provision for loan losses | 682 | 1,260 | ' |
Balance at end of period | 9,400 | 10,113 | ' |
Individually evaluated for impairment | 2,164 | 3,431 | ' |
Collectively evaluated for impairment | 7,236 | 6,682 | ' |
Individually evaluated for impairment | 9,462 | 13,539 | ' |
Collectively evaluated for impairment | 255,932 | 218,685 | ' |
Acquired with deteriorated credit quality | 917 | 1,715 | ' |
Total ending loans balance | 266,311 | 233,939 | 255,058 |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Balance at beginning of period | 451 | 759 | ' |
Loans charged-off | -121 | -81 | ' |
Recoveries | 30 | 33 | ' |
Provision for loan losses | 16 | -72 | ' |
Balance at end of period | 376 | 639 | ' |
Individually evaluated for impairment | ' | 68 | ' |
Collectively evaluated for impairment | 376 | 571 | ' |
Individually evaluated for impairment | 2 | 73 | ' |
Collectively evaluated for impairment | 30,345 | 33,056 | ' |
Acquired with deteriorated credit quality | 31 | 91 | ' |
Total ending loans balance | $30,378 | $33,220 | $31,084 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 15 Months Ended | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | |
Noncovered [Member] | Noncovered [Member] | Covered [Member] | |||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Private equity investment Southwest's proportionate share of the net asset value | $2,500,000 | $2,400,000 | ' | ' | ' |
Noncovered impaired loans carrying amount | ' | ' | 37,000,000 | 45,500,000 | ' |
Noncovered impaired loans measured at fair value | ' | ' | 30,100,000 | 32,300,000 | ' |
Noncovered impaired loans life to date impairment | ' | ' | 6,900,000 | 27,300,000 | ' |
Provision for loan losses | ' | ' | 5,300,000 | 100,000 | ' |
Impairment charge of other real estate assets | ' | ' | ' | 1,500,000 | 700,000 |
Impairment charges of mortgage loan servicing rights | $0 | ' | ' | ' | ' |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Financial Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
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 $376,837 and $385,423, respectively) | $376,287 | $382,479 |
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 | 380,163 | 383,572 |
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 | 4,941 | 2,235 |
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 | 754 | 769 |
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 | 46 | 56 |
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 $376,837 and $385,423, respectively) | 117,395 | 120,773 |
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 $376,837 and $385,423, respectively) | 33,194 | 32,636 |
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 $376,837 and $385,423, respectively) | 180,801 | 183,170 |
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 $376,837 and $385,423, respectively) | 9,547 | 9,482 |
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 $376,837 and $385,423, respectively) | 35,350 | 36,418 |
Fair Value, Measurements, Recurring [Member] | Derivative Instrument [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative instrument | -1,865 | -1,967 |
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 | 142 | 151 |
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 $376,837 and $385,423, respectively) | 142 | 151 |
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 | 380,021 | 383,421 |
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 | 4,941 | 2,235 |
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 | 754 | 769 |
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 | 46 | 56 |
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 $376,837 and $385,423, respectively) | 117,395 | 120,773 |
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 $376,837 and $385,423, respectively) | 33,194 | 32,636 |
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 $376,837 and $385,423, respectively) | 180,801 | 183,170 |
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 $376,837 and $385,423, respectively) | 9,547 | 9,482 |
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 $376,837 and $385,423, respectively) | 35,208 | 36,267 |
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 | ($1,865) | ($1,967) |
Fair_Value_Measurements_Asset_
Fair Value Measurements (Asset Measured At Fair Value On A Nonrecurring Basis) (Details) (Fair Value Measurements Nonrecurring [Member], USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | $38,227 | $38,427 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | 5,264 | -2,119 |
Commercial Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 21,776 | 20,423 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | -953 | 3,075 |
Real Estate Construction [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 2,636 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | -18 |
Commercial [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 8,345 | 9,176 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | 6,217 | -2,989 |
Other Consumer [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 46 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | 35 |
Noncovered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,560 | 560 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | -1,520 |
Covered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,094 | 2,094 |
Noncovered Impaired Loans at Fair Value Total Gains (Losses) | ' | -702 |
Mortgage Loan Servicing Rights [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 3,492 |
Level 2 Inputs [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 34,775 | 34,935 |
Level 2 Inputs [Member] | Commercial Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 21,776 | 20,423 |
Level 2 Inputs [Member] | Real Estate Construction [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 2,636 |
Level 2 Inputs [Member] | Commercial [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 8,345 | 9,176 |
Level 2 Inputs [Member] | Other Consumer [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | 46 |
Level 2 Inputs [Member] | Noncovered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,560 | 560 |
Level 2 Inputs [Member] | Covered Other Real Estate [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 2,094 | 2,094 |
Level 3 Inputs [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | 3,452 | 3,492 |
Level 3 Inputs [Member] | Mortgage Loan Servicing Rights [Member] | ' | ' |
Noncovered impaired loans at fair value: | ' | ' |
Assets fair value, Total | ' | $3,492 |
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 $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Held to maturity securities, fair value | $11,252 | $12,115 |
Accrued interest receivable | 5,380 | 5,335 |
Financial Liabilities: | ' | ' |
Accrued interest payable | 807 | 832 |
Other borrowings | 85,692 | 80,632 |
Carrying Values [Member] | Level 2 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 266,574 | 279,839 |
Held to maturity securities, fair value | 10,700 | 11,720 |
Accrued interest receivable | 5,380 | 5,335 |
Investments included in other assets | 7,348 | 8,140 |
Financial Liabilities: | ' | ' |
Deposits | 1,605,906 | 1,584,086 |
Accrued interest payable | 807 | 832 |
Other liabilities | 6,804 | 8,248 |
Other borrowings | 85,692 | 80,632 |
Subordinated debentures | 46,393 | 46,393 |
Carrying Values [Member] | Level 3 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Total loans, net of allowance | 1,285,197 | 1,234,240 |
Fair Values [Member] | Level 2 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 266,574 | 279,839 |
Held to maturity securities, fair value | 11,252 | 12,115 |
Accrued interest receivable | 5,380 | 5,335 |
Investments included in other assets | 7,348 | 8,140 |
Financial Liabilities: | ' | ' |
Deposits | 1,507,750 | 1,486,939 |
Accrued interest payable | 807 | 832 |
Other liabilities | 6,804 | 8,248 |
Other borrowings | 88,462 | 83,593 |
Subordinated debentures | 46,393 | 46,393 |
Fair Values [Member] | Level 3 Inputs [Member] | ' | ' |
Financial Assets: | ' | ' |
Total loans, net of allowance | $1,237,328 | $1,190,869 |
Derivative_Instruments_Details
Derivative Instruments (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Derivative Instruments [Abstract] | ' | ' | ' |
Interest rate swap agreement Notional amount | $25 | ' | ' |
Interest payment period | '7 years | ' | ' |
Fixed interest rate | 6.15% | ' | ' |
Variable interest rate | 2.85% | ' | ' |
Rate received by Southwest | 3.09% | ' | ' |
Pretax loss related to derivative contracts | 1.9 | ' | 2 |
Gain or loss due to changes in the fair value of the derivative hedging instrument | 0.1 | 0.1 | ' |
Net cash flows as a result of the interest rate swap agreement | 0.2 | 0.2 | ' |
The fair value of cash and securities posted as collateral | $4.10 | ' | $4.10 |
Taxes_On_Income_Narrative_Deta
Taxes On Income (Narrative) (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2011 | Dec. 31, 2013 |
Taxes On Income [Abstract] | ' | ' | ' |
Net deferred tax assets | $21.90 | ' | $24.90 |
Cumulative pretax loss position period | '3 years | '3 years | ' |
Nonrecurring sale of nonperforming assets | ' | 101 | ' |
Pretax loss remaining to be offset | $4.50 | ' | ' |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Numerator: | ' | ' |
Net income | $3,691 | $2,389 |
Earnings allocated to participating securities | -40 | -17 |
Numerator for basic earnings per common share | 3,651 | 2,372 |
Effect of reallocating undistributed earnings of participating securities | 40 | 17 |
Numerator for diluted earnings per common share | $3,691 | $2,389 |
Denominator: | ' | ' |
Weighted average common shares outstanding | 19,526,351 | 19,451,490 |
Effect of dilutive securities: | ' | ' |
Stock compensation | 244,623 | ' |
Denominator for diluted earnings per common share | 19,770,974 | 19,451,490 |
Earnings per common share: | ' | ' |
Basic | $0.19 | $0.12 |
Diluted | $0.19 | $0.12 |
Operating_Segments_Narrative_D
Operating Segments (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2014 | |
segment | |
Operating Segments [Abstract] | ' |
Number of principal segments | 5 |
Operating_Segments_Financial_R
Operating Segments (Financial Results By Operating Segment) (Details) (USD $) | 3 Months Ended | ||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | $16,001,000 | $15,606,000 | ' | ||
Provision for loan losses | -986,000 | 498,000 | ' | ||
Noninterest income | 3,025,000 | 3,537,000 | ' | ||
Noninterest expenses | 14,107,000 | 14,388,000 | ' | ||
Income (loss) before taxes | 5,905,000 | 4,257,000 | ' | ||
Taxes on income | 2,214,000 | 1,868,000 | ' | ||
Net income (loss) | 3,691,000 | 2,389,000 | ' | ||
Externally generated revenue from investing activities | 200,000 | 200,000 | ' | ||
Internally generated loss from fund management | 100,000 | 100,000 | ' | ||
Fixed asset expenditures | 557,000 | 343,000 | ' | ||
Total loans at period end | 1,320,122,000 | 1,327,215,000 | 1,270,903,000 | ||
Total assets at period end | 2,012,053,000 | 2,091,694,000 | 1,981,423,000 | ||
Total deposits at period end | 1,605,906,000 | 1,677,668,000 | 1,584,086,000 | ||
Oklahoma Banking [Member] | ' | ' | ' | ||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | 8,829,000 | 8,259,000 | ' | ||
Provision for loan losses | 1,976,000 | 870,000 | ' | ||
Noninterest income | 1,700,000 | 1,767,000 | ' | ||
Noninterest expenses | 7,059,000 | 7,371,000 | ' | ||
Income (loss) before taxes | 1,494,000 | 1,785,000 | ' | ||
Taxes on income | 560,000 | 783,000 | ' | ||
Net income (loss) | 934,000 | 1,002,000 | ' | ||
Fixed asset expenditures | 143,000 | 12,000 | ' | ||
Total loans at period end | 754,698,000 | 628,748,000 | ' | ||
Total assets at period end | 757,592,000 | 644,066,000 | ' | ||
Total deposits at period end | 1,110,199,000 | 1,210,995,000 | ' | ||
Texas Banking [Member] | ' | ' | ' | ||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | 4,632,000 | 5,015,000 | ' | ||
Provision for loan losses | -3,932,000 | -294,000 | ' | ||
Noninterest income | 296,000 | 387,000 | ' | ||
Noninterest expenses | 3,228,000 | 2,607,000 | ' | ||
Income (loss) before taxes | 5,632,000 | 3,089,000 | ' | ||
Taxes on income | 2,112,000 | 1,355,000 | ' | ||
Net income (loss) | 3,520,000 | 1,734,000 | ' | ||
Fixed asset expenditures | 20,000 | ' | ' | ||
Total loans at period end | 372,018,000 | 495,815,000 | ' | ||
Total assets at period end | 370,382,000 | 492,657,000 | ' | ||
Total deposits at period end | 229,383,000 | 186,378,000 | ' | ||
Kansas Banking [Member] | ' | ' | ' | ||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | 2,380,000 | 2,486,000 | ' | ||
Provision for loan losses | 999,000 | -77,000 | ' | ||
Noninterest income | 481,000 | 465,000 | ' | ||
Noninterest expenses | 2,628,000 | 2,895,000 | ' | ||
Income (loss) before taxes | -766,000 | 133,000 | ' | ||
Taxes on income | -287,000 | 59,000 | ' | ||
Net income (loss) | -479,000 | 74,000 | ' | ||
Fixed asset expenditures | 21,000 | ' | ' | ||
Total loans at period end | 170,720,000 | 195,355,000 | ' | ||
Total assets at period end | 177,111,000 | 200,781,000 | ' | ||
Total deposits at period end | 246,998,000 | 266,345,000 | ' | ||
Mortgage Banking [Member] | ' | ' | ' | ||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | 147,000 | 136,000 | ' | ||
Provision for loan losses | -29,000 | -1,000 | ' | ||
Noninterest income | 417,000 | 714,000 | ' | ||
Noninterest expenses | 523,000 | 562,000 | ' | ||
Income (loss) before taxes | 70,000 | 289,000 | ' | ||
Taxes on income | 26,000 | 127,000 | ' | ||
Net income (loss) | 44,000 | 162,000 | ' | ||
Total loans at period end | 22,686,000 | 7,297,000 | ' | ||
Total assets at period end | 25,804,000 | 9,924,000 | ' | ||
Total deposits at period end | 5,622,000 | 3,569,000 | ' | ||
Other Operations [Member] | ' | ' | ' | ||
Financial results by operating segment | ' | ' | ' | ||
Net interest income | 13,000 | [1] | -290,000 | [2] | ' |
Noninterest income | 131,000 | [1] | 204,000 | [2] | ' |
Noninterest expenses | 669,000 | [1] | 953,000 | [2] | ' |
Income (loss) before taxes | -525,000 | [1] | -1,039,000 | [2] | ' |
Taxes on income | -197,000 | [1] | -456,000 | [2] | ' |
Net income (loss) | -328,000 | [1] | -583,000 | [2] | ' |
Fixed asset expenditures | 373,000 | 331,000 | ' | ||
Total assets at period end | 681,164,000 | 744,266,000 | ' | ||
Total deposits at period end | $13,704,000 | $10,381,000 | ' | ||
[1] | * Includes externally generated revenue of $0.2 million, primarily from investing services, and an internally generated loss of $0.1 million from the funds management unit | ||||
[2] | * Includes externally generated loss of $0.2 million, primarily from investing services, and an internally generated revenue of $0.1 million from the funds management unit |