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NOTE 6: LOANS AND ALLOWANCE FOR LOAN LOSSES | 9 Months Ended
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Sep. 30, 2020
Notes |
NOTE 6: LOANS AND ALLOWANCE FOR LOAN LOSSES | NOTE 6: LOANS AND ALLOWANCE FOR LOAN LOSSES Classes of loans at September 30, 2020 and December 31, 2019 were as follows:
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (In Thousands) |
One- to four-family residential construction | $ | 38,503 |  | $ | 33,963 |
Subdivision construction |  | 10,466 |  |  | 16,088 |
Land development |  | 40,224 |  |  | 40,431 |
Commercial construction |  | 1,206,342 |  |  | 1,322,861 |
Owner occupied one- to four-family residential |  | 478,113 |  |  | 387,016 |
Non-owner occupied one- to four-family residential |  | 117,699 |  |  | 120,343 |
Commercial real estate |  | 1,536,443 |  |  | 1,494,172 |
Other residential |  | 1,018,359 |  |  | 866,006 |
Commercial business |  | 439,199 |  |  | 313,209 |
Industrial revenue bonds |  | 14,165 |  |  | 13,189 |
Consumer auto |  | 99,284 |  |  | 151,854 |
Consumer other |  | 41,333 |  |  | 46,720 |
Home equity lines of credit |  | 114,357 |  |  | 118,988 |
Loans acquired and accounted for under ASC 310-30, net of discounts |  | 106,128 |  |  | 127,206 |
|  | 5,260,615 |  |  | 5,052,046 |
Undisbursed portion of loans in process |  | (782,865 | ) |  | (850,666 | )
Allowance for loan losses |  | (54,238 | ) |  | (40,294 | )
Deferred loan fees and gains, net |  | (9,748 | ) |  | (7,104 | )
| $ | 4,413,764 |  | $ | 4,153,982 |
Weighted average interest rate |  | 4.28 | % |  | 4.97 | %
|  | September 30, 2020
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total Loans
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  | > 90 Days
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90+ Days |  |  | Total |  |  |  |  |  | Loans |  |  | Past Due and
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Current |  |  | Receivable |  |  | Still Accruing
|  | (In Thousands)
One- to four-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential construction | $ | 79 |  | $ | - |  | $ | - |  | $ | 79 |  | $ | 38,424 |  | $ | 38,503 |  | $ | -
Subdivision construction |  | - |  |  | - |  |  | - |  |  | - |  |  | 10,466 |  |  | 10,466 |  |  | -
Land development |  | 236 |  |  | 39 |  |  | - |  |  | 275 |  |  | 39,949 |  |  | 40,224 |  |  | -
Commercial construction |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,206,342 |  |  | 1,206,342 |  |  | -
Owner occupied one- to four- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential |  | 336 |  |  | 195 |  |  | 1,922 |  |  | 2,453 |  |  | 475,660 |  |  | 478,113 |  |  | -
Non-owner occupied one- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to four- family residential |  | - |  |  | - |  |  | 238 |  |  | 238 |  |  | 117,461 |  |  | 117,699 |  |  | -
Commercial real estate |  | 100 |  |  | - |  |  | 701 |  |  | 801 |  |  | 1,535,642 |  |  | 1,536,443 |  |  | -
Other residential |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,018,359 |  |  | 1,018,359 |  |  | -
Commercial business |  | - |  |  | - |  |  | 140 |  |  | 140 |  |  | 439,059 |  |  | 439,199 |  |  | -
Industrial revenue bonds |  | - |  |  | - |  |  | - |  |  | - |  |  | 14,165 |  |  | 14,165 |  |  | -
Consumer auto |  | 384 |  |  | 45 |  |  | 267 |  |  | 696 |  |  | 98,588 |  |  | 99,284 |  |  | -
Consumer other |  | 177 |  |  | 6 |  |  | 112 |  |  | 295 |  |  | 41,038 |  |  | 41,333 |  |  | -
Home equity lines of credit |  | 109 |  |  | 129 |  |  | 457 |  |  | 695 |  |  | 113,662 |  |  | 114,357 |  |  | -
Loans acquired and accounted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for under ASC 310-30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
net of discounts |  | 331 |  |  | 348 |  |  | 3,966 |  |  | 4,645 |  |  | 101,483 |  |  | 106,128 |  |  | -
|  | 1,752 |  |  | 762 |  |  | 7,803 |  |  | 10,317 |  |  | 5,250,298 |  |  | 5,260,615 |  |  | -
Less loans acquired an accountedd for under ASC 310-30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
net of discounts |  | 331 |  |  | 348 |  |  | 3,966 |  |  | 4,645 |  |  | 101,483 |  |  | 106,128 |  |  | -
Total | $ | 1,421 |  | $ | 414 |  | $ | 3,837 |  | $ | 5,672 |  | $ | 5,148,815 |  | $ | 5,154,487 |  | $ | -
|  | December 31, 2019
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total Loans
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |  |  | > 90 Days
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90+ Days |  |  | Total |  |  |  |  |  | Loans |  |  | Past Due and
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Current |  |  | Receivable |  |  | Still Accruing
|  | (In Thousands)
One- to four-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential construction | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 33,963 |  | $ | 33,963 |  | $ | -
Subdivision construction |  | - |  |  | - |  |  | - |  |  | - |  |  | 16,088 |  |  | 16,088 |  |  | -
Land development |  | - |  |  | 27 |  |  | - |  |  | 27 |  |  | 40,404 |  |  | 40,431 |  |  | -
Commercial construction |  | 15,085 |  |  | - |  |  | - |  |  | 15,085 |  |  | 1,307,776 |  |  | 1,322,861 |  |  | -
Owner occupied one- to four- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential |  | 1,453 |  |  | 1,631 |  |  | 1,198 |  |  | 4,282 |  |  | 382,734 |  |  | 387,016 |  |  | -
Non-owner occupied one- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to four- family residential |  | 152 |  |  | - |  |  | 181 |  |  | 333 |  |  | 120,010 |  |  | 120,343 |  |  | -
Commercial real estate |  | 549 |  |  | 119 |  |  | 632 |  |  | 1,300 |  |  | 1,492,872 |  |  | 1,494,172 |  |  | -
Other residential |  | 376 |  |  | - |  |  | - |  |  | 376 |  |  | 865,630 |  |  | 866,006 |  |  | -
Commercial business |  | 60 |  |  | - |  |  | 1,235 |  |  | 1,295 |  |  | 311,914 |  |  | 313,209 |  |  | -
Industrial revenue bonds |  | - |  |  | - |  |  | - |  |  | - |  |  | 13,189 |  |  | 13,189 |  |  | -
Consumer auto |  | 1,101 |  |  | 259 |  |  | 558 |  |  | 1,918 |  |  | 149,936 |  |  | 151,854 |  |  | -
Consumer other |  | 278 |  |  | 233 |  |  | 198 |  |  | 709 |  |  | 46,011 |  |  | 46,720 |  |  | -
Home equity lines of credit |  | 296 |  |  | - |  |  | 517 |  |  | 813 |  |  | 118,175 |  |  | 118,988 |  |  | -
Loans acquired and accounted for under ASC 310-30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
net of discounts |  | 2,177 |  |  | 709 |  |  | 6,191 |  |  | 9,077 |  |  | 118,129 |  |  | 127,206 |  |  | -
|  | 21,527 |  |  | 2,978 |  |  | 10,710 |  |  | 35,215 |  |  | 5,016,831 |  |  | 5,052,046 |  |  | -
Less loans acquired and accounted for under |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ASC 310-30, net of discounts |  | 2,177 |  |  | 709 |  |  | 6,191 |  |  | 9,077 |  |  | 118,129 |  |  | 127,206 |  |  | -
Total | $ | 19,350 |  | $ | 2,269 |  | $ | 4,519 |  | $ | 26,138 |  | $ | 4,898,702 |  | $ | 4,924,840 |  | $ | -
Non-accruing loans (excluding FDIC-assisted acquired loans, net of discount) are summarized as follows:
|  | September 30, |  |  |  | December 31,
|  | 2020 |  |  |  | 2019
|  | (In Thousands)
One- to four-family residential construction | $ | - |  |  | $ | -
Subdivision construction |  | - |  |  |  | -
Land development |  | - |  |  |  | -
Commercial construction |  | - |  |  |  | -
Owner occupied one- to four-family residential |  | 1,922 |  |  |  | 1,198
Non-owner occupied one- to four-family residential |  | 238 |  |  |  | 181
Commercial real estate |  | 701 |  |  |  | 632
Other residential |  | - |  |  |  | -
Commercial business |  | 140 |  |  |  | 1,235
Industrial revenue bonds |  | - |  |  |  | -
Consumer auto |  | 267 |  |  |  | 558
Consumer other |  | 112 |  |  |  | 198
Home equity lines of credit |  | 457 |  |  |  | 517
Total | $ | 3,837 |  |  | $ | 4,519
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-assisted loans, net of discount), are summarized as follows:
|  | September 30, 2020 |
|  |  |  |  | Unpaid |  |  |  |
|  | Recorded |  |  | Principal |  |  | Specific |
|  | Balance |  |  | Balance |  |  | Allowance |
|  | (In Thousands) |
One- to four-family residential construction | $ | - |  | $ | - |  | $ | - |
Subdivision construction |  | 22 |  |  | 22 |  |  | - |
Land development |  | - |  |  | - |  |  | - |
Commercial construction |  | - |  |  | - |  |  | - |
Owner occupied one- to four-family residential |  | 3,342 |  |  | 3,460 |  |  | 78 |
Non-owner occupied one- to four-family residential |  | 238 |  |  | 238 |  |  | - |
Commercial real estate |  | 3,056 |  |  | 3,056 |  |  | 466 |
Other residential |  | - |  |  | - |  |  | - |
Commercial business |  | 197 |  |  | 210 |  |  | 15 |
Industrial revenue bonds |  | - |  |  | - |  |  | - |
Consumer auto |  | 1,024 |  |  | 1,040 |  |  | 166 |
Consumer other |  | 333 |  |  | 355 |  |  | 17 |
Home equity lines of credit |  | 553 |  |  | 558 |  |  | 4 |
Total | $ | 8,765 |  | $ | 8,939 |  | $ | 746 |
| Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
|  | Average |  |  |  |  |  | Average |  |  |
|  | Investment |  |  | Interest |  |  | Investment |  |  | Interest
|  | in Impaired |  |  | Income |  |  | in Impaired |  |  | Income
|  | Loans |  |  | Recognized |  |  | Loans |  |  | Recognized
| (In Thousands)
One- to four-family residential construction | $ | - |  | $ | - |  | $ | - |  | $ | -
Subdivision construction |  | 22 |  |  | - |  |  | 147 |  |  | 3
Land development |  | - |  |  | - |  |  | - |  |  | -
Commercial construction |  | - |  |  | - |  |  | - |  |  | -
Owner occupied one- to four-family residential |  | 3,146 |  |  | 44 |  |  | 2,850 |  |  | 124
Non-owner occupied one- to four-family residential |  | 267 |  |  | - |  |  | 372 |  |  | 11
Commercial real estate |  | 3,829 |  |  | 30 |  |  | 3,946 |  |  | 97
Other residential |  | - |  |  | - |  |  | - |  |  | -
Commercial business |  | 538 |  |  | 5 |  |  | 1,008 |  |  | 30
Industrial revenue bonds |  | - |  |  | - |  |  | - |  |  | -
Consumer auto |  | 889 |  |  | 37 |  |  | 945 |  |  | 77
Consumer other |  | 293 |  |  | 17 |  |  | 281 |  |  | 33
Home equity lines of credit |  | 528 |  |  | 7 |  |  | 535 |  |  | 26
Total | $ | 9,512 |  | $ | 140 |  | $ | 10,084 |  | $ | 401
|  | At or for the Year Ended December 31, 2019
|  |  |  |  |  |  |  |  |  |  | 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 |  | 251 |  |  | 251 |  |  | 96 |  |  | 277 |  |  | 9
Land development |  | - |  |  | - |  |  | - |  |  | 328 |  |  | 101
Commercial construction |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Owner occupied one- to four- family residential |  | 2,300 |  |  | 2,423 |  |  | 82 |  |  | 2,598 |  |  | 131
Non-owner occupied one- to four-family residential |  | 409 |  |  | 574 |  |  | 20 |  |  | 954 |  |  | 43
Commercial real estate |  | 4,020 |  |  | 4,049 |  |  | 517 |  |  | 4,940 |  |  | 264
Other residential |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial business |  | 1,286 |  |  | 1,771 |  |  | 13 |  |  | 1,517 |  |  | 81
Industrial revenue bonds |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Consumer auto |  | 1,117 |  |  | 1,334 |  |  | 181 |  |  | 1,128 |  |  | 125
Consumer other |  | 356 |  |  | 485 |  |  | 16 |  |  | 383 |  |  | 48
Home equity lines of credit |  | 528 |  |  | 548 |  |  | 4 |  |  | 362 |  |  | 37
Total | $ | 10,267 |  | $ | 11,435 |  | $ | 929 |  | $ | 12,487 |  | $ | 839
|  | September 30, 2019 |
|  |  |  |  | Unpaid |  |  |  |
|  | Recorded |  |  | Principal |  |  | Specific |
|  | Balance |  |  | Balance |  |  | Allowance |
|  | (In Thousands) |
One- to four-family residential construction | $ | - |  | $ | - |  | $ | - |
Subdivision construction |  | 256 |  |  | 256 |  |  | 98 |
Land development |  | 83 |  |  | 83 |  |  | - |
Commercial construction |  | - |  |  | - |  |  | - |
Owner occupied one- to four-family residential |  | 2,055 |  |  | 2,312 |  |  | 105 |
Non-owner occupied one- to four-family residential |  | 795 |  |  | 980 |  |  | 21 |
Commercial real estate |  | 4,286 |  |  | 4,312 |  |  | 569 |
Other residential |  | - |  |  | - |  |  | - |
Commercial business |  | 1,299 |  |  | 1,766 |  |  | 14 |
Industrial revenue bonds |  | - |  |  | - |  |  | - |
Consumer auto |  | 840 |  |  | 1,083 |  |  | 107 |
Consumer other |  | 340 |  |  | 517 |  |  | 16 |
Home equity lines of credit |  | 541 |  |  | 563 |  |  | 4 |
Total | $ | 10,495 |  | $ | 11,872 |  | $ | 934 |
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
|  | Average |  |  |  |  |  | Average |  |  |
|  | Investment |  |  | Interest |  |  | Investment |  |  | Interest
|  | in Impaired |  |  | Income |  |  | in Impaired |  |  | Income
|  | Loans |  |  | Recognized |  |  | Loans |  |  | Recognized
| (In Thousands)
One- to four-family residential construction | $ | - |  | $ | - |  | $ | - |  | $ | -
Subdivision construction |  | 269 |  |  | 2 |  |  | 285 |  |  | 7
Land development |  | 83 |  |  | 2 |  |  | 428 |  |  | 101
Commercial construction |  | - |  |  | - |  |  | - |  |  | -
Owner occupied one- to four-family residential |  | 2,042 |  |  | 23 |  |  | 2,745 |  |  | 80
Non-owner occupied one- to four-family residential |  | 687 |  |  | 14 |  |  | 1,093 |  |  | 32
Commercial real estate |  | 4,427 |  |  | 62 |  |  | 5,217 |  |  | 198
Other residential |  | - |  |  | - |  |  | - |  |  | -
Commercial business |  | 1,370 |  |  | 7 |  |  | 1,590 |  |  | 65
Industrial revenue bonds |  | - |  |  | - |  |  | - |  |  | -
Consumer auto |  | 883 |  |  | 21 |  |  | 1,121 |  |  | 64
Consumer other |  | 331 |  |  | 12 |  |  | 399 |  |  | 34
Home equity lines of credit |  | 447 |  |  | 13 |  |  | 318 |  |  | 30
Total | $ | 10,539 |  | $ | 156 |  | $ | 13,196 |  | $ | 611
At September 30, 2020, $4.6 million of impaired loans had specific valuation allowances totaling $746,000. At December 31, 2019, $5.2 million of impaired loans had specific valuation allowances totaling $929,000. 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 flow or collateral adequacy approach. The following tables present newly restructured loans, which were considered troubled debt restructurings, during the three and nine months ended September 30, 2020 and 2019, respectively, by type of modification:
|  | Three Months Ended September 30, 2020
|  |  |  |  |  |  |  |  |  |  | Total
|  | Interest Only |  |  | Term |  |  | Combination |  |  | Modification
|  | (In Thousands)
One- to four-family residential |  | - |  |  | - |  |  | 647 |  |  | 647
Commercial real estate |  | - |  |  | - |  |  | 559 |  |  | 559
Commercial business |  | - |  |  | - |  |  | 22 |  |  | 22
Consumer |  | - |  |  | - |  |  | 1,771 |  |  | 1,771
| $ | - |  | $ | - |  | $ | 2,999 |  | $ | 2,999
|  | Three Months Ended September 30, 2019
|  |  |  |  |  |  |  |  |  |  | Total
|  | Interest Only |  |  | Term |  |  | Combination |  |  | Modification
|  | (In Thousands)
Consumer | $ | - |  | $ | - |  | $ | - |  | $ | -
|  | Nine Months Ended September 30, 2020
|  |  |  |  |  |  |  |  |  |  | Total
|  | Interest Only |  |  | Term |  |  | Combination |  |  | Modification
|  | (In Thousands)
One- to four-family residential | $ | - |  | $ | - |  | $ | 777 |  | $ | 777
Commercial real estate |  | - |  |  | - |  |  | 559 |  |  | 559
Commercial business |  | - |  |  | - |  |  | 22 |  |  | 22
Consumer |  | - |  |  | 16 |  |  | 1,847 |  |  | 1,863
| $ | - |  | $ | 16 |  | $ | 3,205 |  | $ | 3,221
|  | Nine Months Ended September 30, 2019
|  |  |  |  |  |  |  |  |  |  | Total
|  | Interest Only |  |  | Term |  |  | Combination |  |  | Modification
|  | (In Thousands)
Consumer | $ | - |  | $ | 73 |  | $ | - |  | $ | 73
At September 30, 2020, the Company had $3.7 million of loans that were modified in troubled debt restructurings and impaired, as follows: $22,000 of construction and land development loans, $1.7 million of one- to four-family residential mortgage loans, $1.2 million of commercial real estate loans, $140,000 of commercial business loans and $680,000 of consumer loans. Of the total troubled debt restructurings at September 30, 2020, $1.9 million were accruing interest and $1.8 million were non-accrual assets. Of the $3.7 million in troubled debt restructurings, $2.4 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 nine months ended September 30, 2020. 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, 2019, the Company had $1.9 million of loans that were modified in troubled debt restructurings and impaired, as follows: $251,000 of construction and land development loans, $768,000 of single family residential mortgage loans, $412,000 of commercial real estate loans, $156,000 of commercial business loans and $343,000 of consumer loans. Of the total troubled debt restructurings at December 31, 2019, $1.4 million were accruing interest and $562,000 were non-accrual assets and classified as substandard using the Company’s internal grading system. The Company had no troubled debt restructurings which were modified in the previous 12 months and subsequently defaulted during the year ended December 31, 2019. During the three and nine months ended September 30, 2020, one $155,000 one- to- four family loan designated as a troubled debt restructuring met the criteria for placement back on accrual status. The criteria are generally a minimum of six months of consistent and timely payment performance under original or modified terms. During the three and nine months ended September 30, 2019, $0 and $63,000 of loans, respectively, all of which consisted of consumer loans, designated as troubled debt restructurings met the criteria for placement back on accrual status. At September 30, 2020, the Company had remaining 88 modified commercial loans with an aggregate principal balance outstanding of $379 million and 407 modified consumer and mortgage loans with an aggregate principal balance outstanding of $17 million. The loan modifications are within the guidance provided by the CARES Act, the federal banking regulatory agencies, the Securities and Exchange Commission and the Financial Accounting Standards Board; therefore, they are not considered troubled debt restructurings or classified assets for regulatory purposes. 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.” 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. Special mention loans possess potential weaknesses that deserve management’s
|  | September 30, 2020
|  |  |  |  |  |  |  | Special |  |  |  |  |  |  |  |  |
|  | Satisfactory |  |  | Watch |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total
|  | (In Thousands)
One- to four-family residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
construction | $ | 37,303 |  | $ | 1,200 |  | $ | - |  | $ | - |  | $ | - |  | $ | 38,503
Subdivision construction |  | 10,444 |  |  | - |  |  | - |  |  | 22 |  |  | - |  |  | 10,466
Land development |  | 40,224 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 40,224
Commercial construction |  | 1,206,342 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,206,342
Owner occupied one- to four- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential |  | 475,479 |  |  | - |  |  | - |  |  | 2,634 |  |  | - |  |  | 478,113
Non-owner occupied one- to four- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
family residential |  | 117,141 |  |  | 321 |  |  | - |  |  | 237 |  |  | - |  |  | 117,699
Commercial real estate |  | 1,480,891 |  |  | 52,496 |  |  | - |  |  | 3,056 |  |  | - |  |  | 1,536,443
Other residential |  | 1,018,359 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,018,359
Commercial business |  | 428,800 |  |  | 10,258 |  |  | - |  |  | 141 |  |  | - |  |  | 439,199
Industrial revenue bonds |  | 14,165 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 14,165
Consumer auto |  | 98,659 |  |  | 18 |  |  | - |  |  | 607 |  |  | - |  |  | 99,284
Consumer other |  | 41,003 |  |  | 86 |  |  | - |  |  | 244 |  |  | - |  |  | 41,333
Home equity lines of credit |  | 113,793 |  |  | 40 |  |  | - |  |  | 524 |  |  | - |  |  | 114,357
Loans acquired and accounted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for under ASC 310-30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
net of discounts |  | 106,117 |  |  | - |  |  | - |  |  | 11 |  |  | - |  |  | 106,128
Total | $ | 5,188,720 |  | $ | 64,419 |  | $ | - |  | $ | 7,476 |  | $ | - |  | $ | 5,260,615

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- 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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