XML 24 R12.htm IDEA: XBRL DOCUMENT
v2.3.0.15

Loans and Allowance for Loan Losses | 3 Months Ended
--- | ---
Sep. 30, 2011
Loans and Allowance for Loan Losses [Abstract] |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 8: LOANS AND ALLOWANCE FOR LOAN LOSSES
| September 30, |  | December 31,
| 2011 |  | 2010
| (In Thousands)
One- to four-family residential construction | $25,927 |  | $29,102
Subdivision construction | 67,079 |  | 86,649
Land development | 73,167 |  | 95,573
Commercial construction | 123,058 |  | 68,018
Owner occupied one- to four-family residential | 93,418 |  | 98,099
Non-owner occupied one- to four-family residential | 143,399 |  | 136,984
Commercial real estate | 597,897 |  | 530,277
Other residential | 244,970 |  | 210,846
Commercial business | 223,736 |  | 185,865
Industrial revenue bonds | 61,055 |  | 64,641
Consumer auto | 57,940 |  | 48,992
Consumer other | 75,595 |  | 77,331
Home equity lines of credit | 45,732 |  | 46,852
FDIC-supported loans, net of discounts (TeamBank) | 132,920 |  | 144,633
FDIC-supported loans, net of discounts (Vantus Bank) | 134,111 |  | 160,163
| 2,100,004 |  | 1,984,025
Undisbursed portion of loans in process | (98,112) |  | (63,108)
Allowance for loan losses | (40,466) |  | (41,487)
Deferred loan fees and gains, net | (2,554) |  | (2,543)
| $1,958,872 |  | $1,876,887
Weighted average interest rate | 5.84% |  | 6.03%
Classes of loans by aging were as follows:
| September 30, 2011
|  |  |  |  |  |  | Total Loans
| 30-59 Days | 60-89 Days | Over 90 | Total Past |  | Total Loans | > 90 Days and
| Past Due | Past Due | Days | Due | Current | Receivable | Still Accruing
| (In Thousands)
One- to four-family |  |  |  |  |  |  |
residential construction | $— | $— | $1,879 | $1,879 | $24,048 | $25,927 | $—
Subdivision construction | 197 | 445 | 5,063 | 5,705 | 61,374 | 67,079 | —
Land development | 2,629 | — | 429 | 3,058 | 70,109 | 73,167 | —
Commercial construction | — | — | — | — | 123,058 | 123,058 | —
Owner occupied one- to four- |  |  |  |  |  |  |
family residential | 334 | 712 | 3,817 | 4,863 | 88,555 | 93,418 | 138
Non-owner occupied one- to |  |  |  |  |  |  |
four-family residential | 3,033 | 573 | 3,271 | 6,877 | 136,522 | 143,399 | 75
Commercial real estate | 2,148 | — | 7,474 | 9,622 | 588,275 | 597,897 | —
Other residential | 211 | — | 3,245 | 3,456 | 241,514 | 244,970 | —
Commercial business | 260 | 587 | 1,700 | 2,547 | 221,189 | 223,736 | 8
Industrial revenue bonds | — | — | 2,110 | 2,110 | 58,945 | 61,055 | —
Consumer auto | 233 | 24 | 88 | 345 | 57,595 | 57,940 | 14
Consumer other | 1,336 | 304 | 589 | 2,229 | 73,366 | 75,595 | 225
Home equity lines of credit | 23 | 20 | 222 | 265 | 45,467 | 45,732 | —
FDIC-supported loans, net of |  |  |  |  |  |  |
discounts (TeamBank) | 1,419 | 5,964 | 22,961 | 30,344 | 102,576 | 132,920 | —
FDIC-supported loans, net of |  |  |  |  |  |  |
discounts (Vantus Bank) | 840 | 368 | 7,770 | 8,978 | 125,133 | 134,111 | 14
| 12,663 | 8,997 | 60,618 | 82,278 | 2,017,726 | 2,100,004 | 474
Less FDIC-supported loans, |  |  |  |  |  |  |
net of discounts | 2,259 | 6,332 | 30,731 | 39,322 | 227,709 | 267,031 | 14
Total | $10,404 | $2,665 | $29,887 | $42,956 | $1,790,017 | $1,832,973 | $460
| December 31, 2010
|  |  |  |  |  |  | Total Loans
| 30-59 Days | 60-89 Days | Over 90 | Total Past |  | Total Loans | > 90 Days and
| Past Due | Past Due | Days | Due | Current | Receivable | Still Accruing
| (In Thousands)
One- to four-family |  |  |  |  |  |  |
residential construction | $261 | $— | $578 | $839 | $28,263 | $29,102 | $—
Subdivision construction | 281 | 1,015 | 1,860 | 3,156 | 83,493 | 86,649 | —
Land development | 2,730 | — | 5,668 | 8,398 | 42,616 | 51,014 | —
Commercial construction | — | — | — | — | 112,577 | 112,577 | —
Owner occupied one- to four- |  |  |  |  |  |  |
family residential | 4,856 | 914 | 2,724 | 8,494 | 89,605 | 98,099 | —
Non-owner occupied one- to |  |  |  |  |  |  |
four-family residential | 2,085 | 2,130 | 2,831 | 7,046 | 129,938 | 136,984 | —
Commercial real estate | 2,749 | 8,546 | 6,074 | 17,369 | 512,908 | 530,277 | —
Other residential | — | 4,011 | 4,202 | 8,213 | 202,633 | 210,846 | —
Commercial business | 350 | 355 | 1,642 | 2,347 | 183,518 | 185,865 | —
Industrial revenue bonds | — | — | 2,190 | 2,190 | 62,451 | 64,641 | —
Consumer auto | 427 | 35 | 94 | 556 | 48,436 | 48,992 | 22
Consumer other | 1,331 | 318 | 1,417 | 3,066 | 74,265 | 77,331 | 565
Home equity lines of credit | 152 | 160 | 140 | 452 | 46,400 | 46,852 | —
FDIC-supported loans, net of |  |  |  |  |  |  |
discounts (TeamBank) | 2,719 | 3,731 | 13,285 | 19,735 | 124,898 | 144,633 | —
FDIC-supported loans, net of |  |  |  |  |  |  |
discounts (Vantus Bank) | 2,277 | 1,414 | 9,399 | 13,090 | 147,073 | 160,163 | —
| 20,218 | 22,629 | 52,104 | 94,951 | 1,889,074 | 1,984,025 | $587
Less FDIC-supported loans, |  |  |  |  |  |  |
net of discounts | 4,996 | 5,145 | 22,684 | 32,825 | 271,971 | 304,796 |
Total | $15,222 | $17,484 | $29,420 | $62,126 | $1,617,103 | $1,679,229 |
Nonaccruing loans (excluding FDIC-supported loans, net of discount) are summarized as follows:
| September 30, |  | December 31,
| 2011 |  | 2010
| (In Thousands)
One- to four-family residential construction | $1,879 |  | $578
Subdivision construction | 5,063 |  | 1,860
Land development | 429 |  | 5,668
Commercial construction | — |  | —
Owner occupied one- to four-family residential | 3,680 |  | 2,724
Non-owner occupied one- to four-family residential | 3,196 |  | 2,831
Commercial real estate | 7,474 |  | 6,074
Other residential | 3,245 |  | 4,202
Commercial business | 1,692 |  | 1,642
Industrial revenue bonds | 2,110 |  | 2,190
Consumer auto | 74 |  | 72
Consumer other | 364 |  | 852
Home equity lines of credit | 222 |  | 140
Total | $29,428 |  | $28,833
The following table presents the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2011. Also presented are the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2011:
| One- to Four- |  |  |  |  |  |
| Family |  |  |  |  |  |
| Residential and | Other | Commercial | Commercial | Commercial |  |
| Construction | Residential | Real Estate | Construction | Business | Consumer | Total
| (In Thousands)
Allowance for loan losses |  |  |  |  |  |  |
Balance July 1, 2011 | $11,562 | $3,629 | $15,003 | $5,155 | $2,324 | $2,814 | $40,487
Provision charged to expense | (784) | 533 | 7,709 | (3) | 1,050 | (5) | 8,500
Losses charged off | (836) | (23) | (5,104) | (2,107) | (506) | (966) | (9,542)
Recoveries | 7 | 1 | 17 | 395 | 153 | 448 | 1,021
Balance September 30, 2011 | $9,949 | $4,140 | $17,625 | $3,440 | $3,021 | $2,291 | $40,466
Balance January 1, 2011 | $11,483 | $3,866 | $14,336 | $5,852 | $3,281 | $2,669 | $41,487
Provision charged to expense | 2,892 | 3,183 | 13,595 | 3,475 | 1,058 | 928 | 25,131
Losses charged off | (4,462) | (2,911) | (10,374) | (6,291) | (2,222) | (2,773) | (29,033)
Recoveries | 36 | 2 | 68 | 404 | 904 | 1,467 | 2,881
Balance September 30, 2011 | $9,949 | $4,140 | $17,625 | $3,440 | $3,021 | $2,291 | $40,466
Ending balance: |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $3,111 | $66 | $3,717 | $985 | $451 | $38 | $8,368
Collectively evaluated for |  |  |  |  |  |  |
impairment | $6,838 | $4,074 | $13,909 | $2,425 | $2,570 | $2,252 | $32,068
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC 310-30 | $— | $— | $— | $30 | $— | $— | $30
Loans |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $42,858 | $24,512 | $85,700 | $26,938 | $7,872 | $681 | $188,561
Collectively evaluated for |  |  |  |  |  |  |
impairment | $286,965 | $220,458 | $573,252 | $169,287 | $215,864 | $178,586 | $1,644,412
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC 310-30 | $61,365 | $23,464 | $118,515 | $18,045 | $13,810 | $31,832 | $267,031
The following table presents the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2010:
| One- to Four- |  |  |  |  |  |
| Family |  |  |  |  |  |
| Residential and | Other | Commercial | Commercial | Commercial |  |
| Construction | Residential | Real Estate | Construction | Business | Consumer | Total
| (In Thousands)
Allowance for loan losses |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $4,353 | $1,714 | $3,089 | $2,083 | $784 | $37 | $12,060
Collectively evaluated for |  |  |  |  |  |  |
impairment | $7,100 | $2,152 | $11,247 | $3,769 | $1,697 | $2,632 | $28,597
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC 310-30 | $— | $— | $— | $30 | $800 | $— | $830
Loans |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $40,562 | $25,246 | $72,379 | $45,334 | $8,340 | $622 | $192,483
Collectively evaluated for |  |  |  |  |  |  |
impairment | $310,272 | $185,600 | $522,539 | $118,257 | $177,525 | $172,553 | $1,486,746
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC 310-30 | $75,727 | $23,277 | $128,704 | $22,858 | $15,215 | $39,015 | $304,796
The portfolio segments used in the preceding two tables correspond to the loan classes used in all other tables in Note 8 as follows: · The one-to four-family residential and construction segment includes the one- to four-family residential construction, subdivision construction, owner occupied one- to four-family residential and non-owner occupied one- to four-family residential classes · The other residential and construction segment corresponds to the other residential class · The commercial real estate segment includes the commercial real estate and industrial revenue bonds classes · The commercial construction segment includes the land development and commercial construction classes · The commercial business segment corresponds to the commercial business class · The consumer segment includes the consumer auto, consumer other and home equity lines of credit classes Impaired loans are summarized as follows:
| September 30, 2011
|  | Unpaid |
| Recorded | Principal | Specific
| Balance | Balance | Allowance
| (In Thousands)
One- to four-family residential construction | $2,708 | $4,138 | $358
Subdivision construction | 12,159 | 16,992 | 1,016
Land development | 6,436 | 6,489 | 985
Commercial construction | — | — | —
Owner occupied one- to four-family residential | 5,202 | 5,793 | 792
Non-owner occupied one- to four-family residential | 8,752 | 8,987 | 945
Commercial real estate | 52,567 | 53,533 | 3,695
Other residential | 8,286 | 9,259 | 66
Commercial business | 2,917 | 4,395 | 451
Industrial revenue bonds | 2,110 | 2,190 | 22
Consumer auto | 117 | 134 | 3
Consumer other | 432 | 536 | 23
Home equity lines of credit | 197 | 208 | 12
Total | $101,883 | $112,654 | $8,368
| Three Months Ended |  | Nine Months Ended
| September 30, 2011 |  | September 30, 2011
| Average |  |  | Average |
| Investment | Interest |  | Investment | Interest
| in Impaired | Income |  | in Impaired | Income
| Loans | Recognized |  | Loans | Recognized
| (In Thousands)
One- to four-family residential construction | $2,334 | $16 |  | $2,033 | $34
Subdivision construction | 11,260 | 97 |  | 9,692 | 212
Land development | 7,034 | 68 |  | 10,846 | 301
Commercial construction | — | — |  | 411 | —
Owner occupied one- to four-family residential | 4,399 | 21 |  | 4,512 | 55
Non-owner occupied one- to four-family residential | 8,603 | 84 |  | 9,497 | 285
Commercial real estate | 34,181 | 659 |  | 28,915 | 1,120
Other residential | 8,288 | 53 |  | 10,118 | 244
Commercial business | 2,560 | 18 |  | 4,363 | 80
Industrial revenue bonds | 2,110 | — |  | 2,145 | —
Consumer auto | 116 | 1 |  | 213 | 5
Consumer other | 473 | 1 |  | 544 | 8
Home equity lines of credit | 184 | — |  | 239 | 1
Total | $81,542 | $1,018 |  | $83,528 | $2,345
|  |  | Year Ended
| December 31, 2010 |  | December 31, 2010
|  |  |  |  | Average |
|  | Unpaid |  |  | Investment | Interest
| Recorded | Principal | Specific |  | in Impaired | Income
| Balance | Balance | Allowance |  | Loans | Recognized
| (In Thousands)
One- to four-family residential construction | $1,947 | $2,371 | $258 |  | $1,724 | $83
Subdivision construction | 9,894 | 10,560 | 2,326 |  | 7,850 | 415
Land development | 17,957 | 21,006 | 1,925 |  | 18,760 | 534
Commercial construction | 1,851 | 1,851 | 158 |  | 458 | 31
Owner occupied one- to four-family |  |  |  |  |  |
residential | 5,205 | 5,620 | 542 |  | 3,612 | 69
Non-owner occupied one- to four-family |  |  |  |  |  |
residential | 11,785 | 12,267 | 1,227 |  | 8,182 | 386
Commercial real estate | 25,782 | 26,392 | 3,045 |  | 10,615 | 603
Other residential | 9,768 | 9,869 | 1,714 |  | 8,123 | 140
Commercial business | 9,722 | 12,495 | 828 |  | 2,630 | 114
Consumer auto | 125 | 137 | 4 |  | 30 | 1
Consumer other | 429 | 481 | 14 |  | 93 | 4
Home equity lines of credit | 148 | 166 | 19 |  | 109 | 1
Total | $94,613 | $103,215 | $12,060 |  | $62,186 | $2,381
At September 30, 2011 and December 31, 2010, all impaired loans had specific valuation allowances. Included in certain loan categories in the impaired loans are troubled debt restructurings that were classified as impaired. Troubled debt restructurings are loans that are modified by granting concessions to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The types of concessions made are factored into the estimation of the allowance for loan losses for troubled debt restructurings primarily using a discounted cash flows or collateral adequacy approach. At September 30, 2011, the Company had $10.7 million of construction loans, $8.3 million of residential mortgage loans, $28.9 million of commercial real estate loans, $672,000 of commercial business loans and $175,000 of consumer loans that were modified in troubled debt restructurings and impaired. Of the total troubled debt restructurings, $47.0 million were accruing interest at September 30, 2011. During the previous 12 months, one construction loan totaling $324,000 and one commercial business loan totaling $423,000 were modified as troubled debt restructurings and had payment defaults subsequent to the modifications. When loans modified as troubled debt restructuring have subsequent payment defaults, the defaults are factored in to the determination of the allowance for loan losses to ensure specific valuation allowances reflect amounts considered uncollectible. At December 31, 2010, the Company had $6.5 million of construction loans, $5.5 million of residential mortgage loans, $8.2 million of commercial real estate loans, $57,000 of other commercial loans and $150,000 of consumer loans that were modified in troubled debt restructurings and impaired. Of the total troubled debt restructurings, $16.5 million were accruing interest at December 31, 2010. The Company reviews the credit quality of its loan portfolio using an internal grading system that classifies loans as “Satisfactory,” “Watch,” Special Mention” and “Substandard.” Substandard loans are characterized by the distinct possibility that the Bank will sustain some loss if certain deficiencies are not corrected. Special mention loans possess potential weaknesses that deserve management’s close attention but do not expose the Bank to a degree of risk that warrants substandard classification. Loans classified as watch are being monitored because of indications of potential weaknesses or deficiencies that may require future classification as special mention or substandard. Loans not meeting any of the criteria previously described are considered satisfactory. The FDIC-covered loans are evaluated using this internal grading system. However, since these loans are accounted for in pools and are currently substantially covered through loss sharing agreements with the FDIC, all of the loan pools were considered satisfactory at September 30, 2011 and December 31, 2010, respectively. See Note 9 for further discussion of the acquired loan pools and loss sharing agreements. The loan grading system is presented by loan class below:
| September 30, 2011
|  |  | Special |  |
| Satisfactory | Watch | Mention | Substandard | Total
| (In Thousands)
One- to four-family residential |  |  |  |  |
construction | $21,284 | $2,622 | $— | $2,021 | $25,927
Subdivision construction | 48,279 | 6,956 | — | 11,844 | 67,079
Land development | 51,204 | 16,231 | — | 5,732 | 73,167
Commercial construction | 118,084 | 4,974 | — | — | 123,058
Owner occupied one- to four-family |  |  |  |  |
residential | 88,790 | 520 | — | 4,108 | 93,418
Non-owner occupied one- to four-family |  |  |  |  |
residential | 128,612 | 7,505 | — | 7,282 | 143,399
Commercial real estate | 514,307 | 50,032 | — | 33,558 | 597,897
Other residential | 220,458 | 21,268 | — | 3,244 | 244,970
Commercial business | 215,864 | 4,955 | — | 2,917 | 223,736
Industrial revenue bonds | 58,945 | — | — | 2,110 | 61,055
Consumer auto | 57,844 | — | — | 96 | 57,940
Consumer other | 75,207 | — | — | 388 | 75,595
Home equity lines of credit | 45,535 | — | — | 197 | 45,732
FDIC-supported loans, net of discounts |  |  |  |  |
(TeamBank) | 132,920 | — | — | — | 132,920
FDIC-supported loans, net of discounts |  |  |  |  |
(Vantus Bank) | 134,111 | — | — | — | 134,111
Total | $1,911,444 | $115,063 | $— | $73,497 | $2,100,004
| December 31, 2010
|  |  | Special |  |
| Satisfactory | Watch | Mention | Substandard | Total
| (In Thousands)
One- to four-family residential |  |  |  |  |
construction | $27,620 | $549 | $— | $933 | $29,102
Subdivision construction | 69,907 | 8,408 | — | 8,334 | 86,649
Land development | 57,486 | 20,834 | — | 17,253 | 95,573
Commercial construction | 60,770 | 5,397 | — | 1,851 | 68,018
Owner occupied one- to four-family |  |  |  |  |
residential | 92,385 | 766 | — | 4,948 | 98,099
Non-owner occupied one- to four-family |  |  |  |  |
residential | 120,360 | 6,471 | — | 10,153 | 136,984
Commercial real estate | 460,088 | 46,805 | 2,574 | 20,810 | 530,277
Other residential | 185,600 | 15,478 | — | 9,768 | 210,846
Commercial business | 177,525 | 812 | — | 7,528 | 185,865
Industrial revenue bonds | 62,451 | — | — | 2,190 | 64,641
Consumer auto | 48,883 | — | — | 109 | 48,992
Consumer other | 76,966 | — | — | 365 | 77,331
Home equity lines of credit | 46,704 | — | — | 148 | 46,852
FDIC-supported loans, net of discounts |  |  |  |  |
(TeamBank) | 144,633 | — | — | — | 144,633
FDIC-supported loans, net of discounts |  |  |  |  |
(Vantus Bank) | 160,163 | — | — | — | 160,163
Total | $1,791,541 | $105,520 | $2,574 | $84,390 | $1,984,025

X
- Details
Name: | fil_ReceivablesLoansNotesReceivableAndOthersAbstract
Namespace Prefix: | fil
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration