XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 6: Loans and Allowance For Loan Losses | 3 Months Ended
--- | ---
Mar. 31, 2017
Notes |
Note 6: Loans and Allowance For Loan Losses | NOTE 6: LOANS AND ALLOWANCE FOR LOAN LOSSES
| March 31, |  | December 31,
| 2017 |  | 2016
| (In Thousands)
One- to four-family residential construction | $ 23,874 |  | $ 21,737
Subdivision construction | 18,030 |  | 17,186
Land development | 52,445 |  | 50,624
Commercial construction | 827,717 |  | 780,614
Owner occupied one- to four-family residential | 189,465 |  | 200,340
Non-owner occupied one- to four-family residential | 131,098 |  | 136,924
Commercial real estate | 1,226,283 |  | 1,186,906
Other residential | 668,997 |  | 663,378
Commercial business | 344,103 |  | 348,628
Industrial revenue bonds | 24,411 |  | 25,065
Consumer auto | 463,015 |  | 494,233
Consumer other | 66,068 |  | 70,001
Home equity lines of credit | 107,163 |  | 108,753
Acquired FDIC-covered loans, net of discounts | 123,902 |  | 134,356
Acquired loans no longer covered by FDIC loss sharing agreements, |  |  |
net of discounts | 67,123 |  | 72,569
Acquired non-covered loans, net of discounts | 68,006 |  | 76,234
| 4,401,700 |  | 4,387,548
Undisbursed portion of loans in process | (632,075) |  | (585,313)
Allowance for loan losses | (36,993) |  | (37,400)
Deferred loan fees and gains, net | (4,991) |  | (4,869)
| $ 3,727,641 |  | $ 3,759,966
Weighted average interest rate | 4.66% |  | 4.58%
Classes of loans by aging were as follows:
| March 31, 2017
|  |  |  |  |  |  | Total Loans
|  |  | Past Due |  |  |  | > 90 Days
| 30-59 Days | 60-89 Days | 90 Days | Total Past |  | Total Loans | Past Due and
| Past Due | Past Due | or More | Due | Current | Receivable | Still Accruing
| (In Thousands)
One- to four-family |  |  |  |  |  |  |
residential construction | $ — | $ — | $ 381 | $ 381 | $ 23,493 | $ 23,874 | $ —
Subdivision construction | — | — | 107 | 107 | 17,923 | 18,030 | —
Land development | 575 | — | 3,919 | 4,494 | 47,951 | 52,445 | —
Commercial construction | 235 | — | — | 235 | 827,482 | 827,717 | —
Owner occupied one- to four- |  |  |  |  |  |  |
family residential | 1,276 | — | 1,019 | 2,295 | 187,170 | 189,465 | —
Non-owner occupied one- to |  |  |  |  |  |  |
four-family residential | 6 | — | 388 | 394 | 130,704 | 131,098 | —
Commercial real estate | 2,442 | 6,376 | 2,914 | 11,732 | 1,214,551 | 1,226,283 | 306
Other residential | 117 | — | 164 | 281 | 668,716 | 668,997 | —
Commercial business | 243 | 88 | 4,351 | 4,682 | 339,421 | 344,103 | —
Industrial revenue bonds | — | — | — | — | 24,411 | 24,411 | —
Consumer auto | 3,909 | 947 | 1,934 | 6,790 | 456,225 | 463,015 | —
Consumer other | 433 | 107 | 610 | 1,150 | 64,918 | 66,068 | —
Home equity lines of credit | 261 | 50 | 287 | 598 | 106,565 | 107,163 | 5
Acquired FDIC-covered |  |  |  |  |  |  |
loans, net of discounts | 5,621 | 161 | 6,392 | 12,174 | 111,728 | 123,902 | —
Acquired loans no longer |  |  |  |  |  |  |
covered by loss sharing |  |  |  |  |  |  |
agreements, net of |  |  |  |  |  |  |
discounts | 881 | 184 | 1,088 | 2,153 | 64,970 | 67,123 | 43
Acquired non-covered loans, |  |  |  |  |  |  |
net of discounts | 373 | 122 | 1,849 | 2,344 | 65,662 | 68,006 | —
| 16,372 | 8,035 | 25,403 | 49,810 | 4,351,890 | 4,401,700 | 354
Less FDIC-supported loans, |  |  |  |  |  |  |
and acquired non-covered |  |  |  |  |  |  |
loans, net of discounts | 6,875 | 467 | 9,329 | 16,671 | 242,360 | 259,031 | 43
Total | $ 9,497 | $ 7,568 | $ 16,074 | $ 33,139 | $ 4,109,530 | $ 4,142,669 | $ 311
| December 31, 2016
|  |  |  |  |  |  | Total Loans
|  |  |  |  |  | Total | > 90 Days Past
| 30-59 Days | 60-89 Days | Over 90 | Total Past |  | Loans | Due and
| Past Due | Past Due | Days | Due | Current | Receivable | Still Accruing
| (In Thousands)
One- to four-family |  |  |  |  |  |  |
residential construction | $ — | $ — | $ — | $ — | $ 21,737 | $ 21,737 | $ —
Subdivision construction | — | — | 109 | 109 | 17,077 | 17,186 | —
Land development | 413 | 584 | 1,718 | 2,715 | 47,909 | 50,624 | —
Commercial construction | — | — | — | — | 780,614 | 780,614 | —
Owner occupied one- to four- |  |  |  |  |  |  |
family residential | 1,760 | 388 | 1,125 | 3,273 | 197,067 | 200,340 | —
Non-owner occupied one- to |  |  |  |  |  |  |
four-family residential | 309 | 278 | 404 | 991 | 135,933 | 136,924 | —
Commercial real estate | 1,969 | 1,988 | 4,404 | 8,361 | 1,178,545 | 1,186,906 | —
Other residential | 4,632 | — | 162 | 4,794 | 658,584 | 663,378 | —
Commercial business | 1,741 | 24 | 3,088 | 4,853 | 343,775 | 348,628 | —
Industrial revenue bonds | — | — | — | — | 25,065 | 25,065 | —
Consumer auto | 8,252 | 2,451 | 1,989 | 12,692 | 481,541 | 494,233 | —
Consumer other | 1,103 | 278 | 649 | 2,030 | 67,971 | 70,001 | —
Home equity lines of credit | 136 | 158 | 433 | 727 | 108,026 | 108,753 | —
Acquired FDIC-covered loans, net of discounts | 4,476 | 1,201 | 8,226 | 13,903 | 120,453 | 134,356 | 301
Acquired loans no longer covered by FDIC loss sharing agreements, |  |  |  |  |  |  |
net of discounts | 1,356 | 552 | 1,401 | 3,309 | 69,260 | 72,569 | 222
Acquired non-covered loans, net of discounts | 851 | 173 | 2,854 | 3,878 | 72,356 | 76,234 | —
| 26,998 | 8,075 | 26,562 | 61,635 | 4,325,913 | 4,387,548 | 523
Less FDIC-supported loans, |  |  |  |  |  |  |
and acquired non-covered loans, net of discounts | 6,683 | 1,926 | 12,481 | 21,090 | 262,069 | 283,159 | 523
Total | $ 20,315 | $ 6,149 | $ 14,081 | $ 40,545 | $ 4,063,844 | $ 4,104,389 | $ —
Nonaccruing loans (excluding FDIC-supported loans, net of discount and acquired non-covered loans, net of discount) are summarized as follows:
| March 31, |  | December 31,
| 2017 |  | 2016
| (In Thousands)
One- to four-family residential construction | $ 381 |  | $ —
Subdivision construction | 107 |  | 109
Land development | 3,919 |  | 1,718
Commercial construction | — |  | —
Owner occupied one- to four-family residential | 1,019 |  | 1,125
Non-owner occupied one- to four-family residential | 388 |  | 404
Commercial real estate | 2,608 |  | 4,404
Other residential | 164 |  | 162
Commercial business | 4,351 |  | 3,088
Industrial revenue bonds | — |  | —
Consumer auto | 1,934 |  | 1,989
Consumer other | 610 |  | 649
Home equity lines of credit | 282 |  | 433
Total | $ 15,763 |  | $ 14,081
The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2017. 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 March 31, 2017:
| 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 January 1, 2017 | $ 2,322 | $ 5,486 | $ 15,938 | $ 2,284 | $ 3,015 | $ 8,355 | $ 37,400
Provision (benefit) charged to expense | 549 | (1,751) | (476) | 501 | 1,885 | 1,542 | 2,250
Losses charged off | (35) | — | (1) | (295) | (275) | (3,403) | (4,009)
Recoveries | 21 | 55 | 26 | 7 | 46 | 1,197 | 1,352
Balance March 31, 2017 | $ 2,857 | $ 3,790 | $ 15,487 | $ 2,497 | $ 4,671 | $ 7,691 | $ 36,993
Ending balance: |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $ 568 | $ 2 | $ 523 | $ 1,292 | $ 3,342 | $ 552 | $ 6,279
Collectively evaluated for |  |  |  |  |  |  |
impairment | $ 2,231 | $ 3,738 | $ 14,711 | $ 1,142 | $ 1,274 | $ 7,024 | $ 30,120
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC |  |  |  |  |  |  |
310-30 | $ 58 | $ 50 | $ 253 | $ 63 | $ 55 | $ 115 | $ 594
Loans |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $ 6,529 | $ 3,797 | $ 8,676 | $ 4,379 | $ 6,993 | $ 3,227 | $ 33,601
Collectively evaluated for |  |  |  |  |  |  |
impairment | $ 355,938 | $ 665,200 | $ 1,217,607 | $ 875,783 | $ 361,521 | $ 633,019 | $ 4,109,068
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC |  |  |  |  |  |  |
310-30 | $ 144,219 | $ 24,110 | $ 47,188 | $ 4,880 | $ 5,952 | $ 32,682 | $ 259,031
The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016:
| 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 January 1, 2016 | $ 4,900 | $ 3,190 | $ 14,738 | $ 3,019 | $ 4,203 | $ 8,099 | $ 38,149
Provision (benefit) charged to expense | 51 | (582) | 1,288 | 129 | (554) | 1,769 | 2,101
Losses charged off | (84) | — | (2,309) | (30) | (19) | (1,737) | (4,179)
Recoveries | 16 | 13 | 11 | 8 | 47 | 860 | 955
Balance March 31, 2016 | $ 4,883 | $ 2,621 | $ 13,728 | $ 3,126 | $ 3,677 | $ 8,991 | $ 37,026
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, 2016:
| 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 | $ 570 | $ — | $ 2,209 | $ 1,291 | $ 1,295 | $ 997 | $ 6,362
Collectively evaluated for |  |  |  |  |  |  |
impairment | $ 1,628 | $ 5,396 | $ 13,507 | $ 953 | $ 1,681 | $ 7,248 | $ 30,413
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC |  |  |  |  |  |  |
310-30 | $ 124 | $ 90 | $ 222 | $ 40 | $ 39 | $ 110 | $ 625
Loans |  |  |  |  |  |  |
Individually evaluated for |  |  |  |  |  |  |
impairment | $ 6,015 | $ 3,812 | $ 10,507 | $ 6,023 | $ 4,539 | $ 3,385 | $ 34,281
Collectively evaluated for |  |  |  |  |  |  |
impairment | $ 370,172 | $ 659,566 | $ 1,176,399 | $ 825,215 | $ 369,154 | $ 669,602 | $ 4,070,108
Loans acquired and |  |  |  |  |  |  |
accounted for under ASC |  |  |  |  |  |  |
310-30 | $ 155,378 | $ 29,600 | $ 54,208 | $ 2,191 | $ 6,429 | $ 35,353 | $ 283,159
The portfolio segments used in the preceding three tables correspond to the loan classes used in all other tables in Note 6 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 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 A loan is considered impaired, in accordance with the impairment accounting guidance (FASB ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include not only nonperforming loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. Impaired loans (excluding FDIC-supported loans, net of discount and acquired non-covered loans, net of discount), are summarized as follows:
| At or for the Three Months Ended March 31, 2017
|  |  |  | Average |
|  | Unpaid |  | Investment in | Interest
| Recorded | Principal | Specific | Impaired | Income
| Balance | Balance | Allowance | Loans | Recognized
| (In Thousands)
One- to four-family residential construction | $ 381 | $ 381 | $ 1 | $ 391 | $ —
Subdivision construction | 807 | 820 | 128 | 811 | 7
Land development | 4,379 | 4,478 | 1,292 | 3,465 | 16
Commercial construction | — | — | — | — | —
Owner occupied one- to four-family residential | 3,331 | 3,623 | 384 | 3,410 | 37
Non-owner occupied one- to four-family residential | 2,010 | 2,277 | 55 | 1,933 | 22
Commercial real estate | 8,676 | 9,803 | 523 | 11,329 | 58
Other residential | 3,797 | 3,813 | 2 | 3,804 | 38
Commercial business | 6,993 | 7,643 | 3,342 | 5,885 | 86
Industrial revenue bonds | — | — | — | — | —
Consumer auto | 2,086 | 2,175 | 377 | 2,393 | 29
Consumer other | 782 | 845 | 117 | 796 | 15
Home equity lines of credit | 359 | 379 | 58 | 395 | 10
Total | $ 33,601 | $ 36,237 | $ 6,279 | $ 34,612 | $ 318
| At or for the Year Ended December 31, 2016
|  |  |  | Average |  |
|  | Unpaid |  | Investment | Interest |
| Recorded | Principal | Specific | in Impaired | Income |
| Balance | Balance | Allowance | Loans | Recognized |
| (In Thousands) |
One- to four-family residential construction | $ — | $ — | $ — | $ — | $ — |
Subdivision construction | 818 | 829 | 131 | 948 | 46 |
Land development | 6,023 | 6,120 | 1,291 | 8,020 | 304 |
Commercial construction | — | — | — | — | — |
Owner occupied one- to four-family |  |  |  |  |  |
residential | 3,290 | 3,555 | 374 | 3,267 | 182 |
Non-owner occupied one- to four-family |  |  |  |  |  |
residential | 1,907 | 2,177 | 65 | 1,886 | 113 |
Commercial real estate | 10,507 | 12,121 | 2,209 | 23,928 | 984 |
Other residential | 3,812 | 3,812 | — | 6,813 | 258 |
Commercial business | 4,539 | 4,652 | 1,295 | 2,542 | 185 |
Industrial revenue bonds | — | — | — | — | — |
Consumer auto | 2,097 | 2,178 | 629 | 1,307 | 141 |
Consumer other | 812 | 887 | 244 | 884 | 70 |
Home equity lines of credit | 476 | 492 | 124 | 417 | 32 |
Total | $ 34,281 | $ 36,823 | $ 6,362 | $ 50,012 | $ 2,315 |
| At or for the Three Months Ended March 31, 2016
|  |  |  | Average |
|  | Unpaid |  | Investment in | Interest
| Recorded | Principal | Specific | Impaired | Income
| Balance | Balance | Allowance | Loans | Recognized
| (In Thousands)
One- to four-family residential construction | $ — | $ — | $ — | $ — | $ —
Subdivision construction | 1,014 | 1,014 | 209 | 1,049 | 7
Land development | 7,496 | 7,586 | 1,141 | 7,506 | 69
Commercial construction | — | — | — | — | —
Owner occupied one- to four-family residential | 5,148 | 5,718 | 520 | 5,121 | 57
Non-owner occupied one- to four-family residential | — | — | — | — | —
Commercial real estate | 31,654 | 34,773 | 1,900 | 33,088 | 224
Other residential | 9,472 | 9,472 | — | 9,496 | 98
Commercial business | 2,215 | 2,644 | 1,120 | 2,230 | 24
Industrial revenue bonds | — | — | — | — | —
Consumer auto | 1,000 | 1,039 | 150 | 929 | 17
Consumer other | 880 | 962 | 132 | 897 | 19
Home equity lines of credit | 460 | 480 | 77 | 461 | 12
Total | $ 59,339 | $ 63,688 | $ 5,249 | $ 60,777 | $ 527
At March 31, 2017, $19.3 million of impaired loans had specific valuation allowances totaling $6.3 million. At December 31, 2016, $18.1 million of impaired loans had specific valuation allowances totaling $6.4 million. 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. The following tables present newly restructured loans during the three months ended March 31, 2017 and 2016, respectively, by type of modification:
| Three Months Ended March 31, 2017
|  |  |  | Total
| Interest Only | Term | Combination | Modification
| (In Thousands)
Commercial business | $ — | $ — | $ 274 | $ 274
| $ — | $ — | $ 274 | $ 274
| Three Months Ended March 31, 2016
|  |  |  | Total
| Interest Only | Term | Combination | Modification
| (In Thousands)
Mortgage loans on real estate: |  |  |  |
One -to four- family residential | $ 429 | $ — | $ — | $ 429
Commercial | 60 | — | — | 60
Construction and land development | 2,946 | — | — | 2,946
Consumer | — | 2 | — | 2
| $ 3,435 | $ 2 | $ — | $ 3,437
At March 31, 2017, the Company had $21.2 million of loans that were modified in troubled debt restructurings and impaired, as follows: $5.0 million of construction and land development loans, $7.3 million of single family and multi-family residential mortgage loans, $7.1 million of commercial real estate loans, $1.5 million of commercial business loans and $279,000 of consumer loans. Of the total troubled debt restructurings at March 31, 2017, $15.3 million were accruing interest and $7.8 million were classified as substandard using the Company’s internal grading system, which is described below. The Company had no troubled debt restructurings which were modified in the previous 12 months and subsequently defaulted during the three months ended March 31, 2017. When loans modified as troubled debt restructurings have subsequent payment defaults, the defaults are factored into the determination of the allowance for loan losses to ensure specific valuation allowances reflect amounts considered uncollectible. At December 31, 2016, the Company had $21.1 million of loans that were modified in troubled debt restructurings and impaired, as follows: $5.0 million of construction and land development loans, $7.4 million of single family and multi-family residential mortgage loans, $7.1 million of commercial real estate loans, $1.3 million of commercial business loans and $296,000 of consumer loans. Of the total troubled debt restructurings at December 31, 2016, $18.9 million were accruing interest and $7.9 million were classified as substandard using the Company’s internal grading system. During the three months ended March 31, 2017, $234,000 of loans, all of which consisted of one- to four-family residential loans, designated as troubled debt restructurings met the criteria for placement back on accrual status. The criteria is generally a minimum of six months of payment performance under original or modified terms. During the three months ended March 31, 2016, loans designated as troubled debt restructurings totaling $20,000 met the criteria for placement back on accrual status. The $20,000 consisted of consumer loans. The Company reviews the credit quality of its loan portfolio using an internal grading system that classifies loans as “Satisfactory,” “Watch,” “Special Mention,” “Substandard” and “Doubtful.” Substandard loans are characterized by the distinct possibility that the Bank will sustain some loss if certain deficiencies are not corrected. Doubtful loans are those having all the weaknesses inherent to those classified 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. 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 acquired FDIC-covered and previously covered loans are evaluated using this internal grading system. These loans are accounted for in pools and the loans acquired in the Inter Savings Bank FDIC transaction are currently substantially covered through loss sharing agreements with the FDIC. The acquired non-covered loans are also evaluated using this internal grading system, and are also accounted for in pools. Minimal adverse classification in these acquired loan pools was identified as of March 31, 2017 and December 31, 2016, respectively. See Note 7 for further discussion of the acquired loan pools and remaining loss sharing agreements. The Company evaluates the loan risk internal grading system definitions and allowance for loan loss methodology on an ongoing basis. In the fourth quarter of 2014, the Company began using a three-year average of historical losses for the general component of the allowance for loan loss calculation. The Company had previously used a five-year average. For interim periods, the Company uses three full years plus the interim period’s annualized average losses for the general component of the allowance for loan loss calculation. The Company believes that the three-year average provides a better representation of the current risks in the loan portfolio. This change was made after consultation with our regulators and other third-party consultants, as well as a review of the practices used by the Company’s peers. This change did not materially affect the level of the allowance for loan losses. The general component of the allowance for loan losses is affected by several factors, including, but not limited to, average historical losses, the current composition of the loan portfolio, current and expected economic conditions, collateral values and internal risk ratings. Management considers all these factors in determining the adequacy of the Company’s allowance for loan losses. No other significant changes were made to the loan risk grading system definitions and allowance for loan loss methodology during the past year. The loan grading system is presented by loan class below:
|  | March 31, 2017
|  |  | Special |  |  |
| Satisfactory | Watch | Mention | Substandard | Doubtful | Total
| (In Thousands)
One- to four-family residential |  |  |  |  |  |
construction | $ 22,781 | $ 712 | $ — | $ 381 | $ — | $ 23,874
Subdivision construction | 15,150 | 2,486 | — | 394 | — | 18,030
Land development | 43,487 | 4,900 | — | 4,058 | — | 52,445
Commercial construction | 827,717 | — | — | — | — | 827,717
Owner occupied one- to four- |  |  |  |  |  |
family residential | 187,975 | — | — | 1,490 | — | 189,465
Non-owner occupied one- to four- |  |  |  |  |  |
family residential | 129,992 | 460 | — | 646 | — | 131,098
Commercial real estate | 1,202,417 | 18,738 | — | 5,128 | — | 1,226,283
Other residential | 664,480 | 4,353 | — | 164 | — | 668,997
Commercial business | 335,931 | 2,667 | — | 5,505 | — | 344,103
Industrial revenue bonds | 24,411 | — | — | — | — | 24,411
Consumer auto | 460,955 | — | — | 2,060 | — | 463,015
Consumer other | 65,432 | — | — | 636 | — | 66,068
Home equity lines of credit | 106,816 | — | — | 347 | — | 107,163
Acquired FDIC-covered loans, |  |  |  |  |  |
net of discounts | 123,902 | — | — | — | — | 123,902
Acquired loans no longer covered |  |  |  |  |  |
by FDIC loss sharing |  |  |  |  |  |
agreements, net of discounts | 67,108 | — | — | 15 | — | 67,123
Acquired non-covered loans, |  |  |  |  |  |
net of discounts | 68,006 | — | — | — | — | 68,006
Total | $ 4,346,560 | $ 34,316 | $ — | $ 20,824 | $ — | $ 4,401,700
| December 31, 2016
|  |  | Special |  |  |
| Satisfactory | Watch | Mention | Substandard | Doubtful | Total
| (In Thousands)
One- to four-family residential |  |  |  |  |  |
construction | $ 20,771 | $ 966 | $ — | $ — | $ — | $ 21,737
Subdivision construction | 14,059 | 2,729 | — | 398 | — | 17,186
Land development | 39,925 | 5,140 | — | 5,559 | — | 50,624
Commercial construction | 780,614 | — | — | — | — | 780,614
Owner occupied one- to-four- |  |  |  |  |  |
family residential | 198,835 | 67 | — | 1,438 | — | 200,340
Non-owner occupied one- to- |  |  |  |  |  |
four-family residential | 135,930 | 465 | — | 529 | — | 136,924
Commercial real estate | 1,160,280 | 20,154 | — | 6,472 | — | 1,186,906
Other residential | 658,846 | 4,370 | — | 162 | — | 663,378
Commercial business | 342,685 | 2,651 | — | 3,292 | — | 348,628
Industrial revenue bonds | 25,065 | — | — | — | — | 25,065
Consumer auto | 492,165 | — | — | 2,068 | — | 494,233
Consumer other | 69,338 | — | — | 663 | — | 70,001
Home equity lines of credit | 108,290 | — | — | 463 | — | 108,753
Acquired FDIC-covered loans, |  |  |  |  |  |
net of discounts | 134,356 | — | — | — | — | 134,356
Acquired loans no longer covered |  |  |  |  |  |
by FDIC loss sharing |  |  |  |  |  |
agreements, net of discounts | 72,552 | — | — | 17 | — | 72,569
Acquired non-covered loans, |  |  |  |  |  |
net of discounts | 76,234 | — | — | — | — | 76,234
Total | $ 4,329,945 | $ 36,542 | $ — | $ 21,061 | $ — | $ 4,387,548

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + 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=66008989&loc=d3e5066-111524 Reference 2: 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(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 Reference 4: 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)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: 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=66008989&loc=d3e5162-111524 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: 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=66008989&loc=d3e5074-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration