XML 54 R40.htm IDEA: XBRL DOCUMENT v3.20.4
Loans and Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of classes of loans

Classes of loans at December 31, 2020 and 2019, included:

    

2020

    

2019

(In Thousands)

One- to four-family residential construction

    

$

42,793

    

$

33,963

Subdivision construction

 

30,894

 

16,088

Land development

 

54,010

 

40,431

Commercial construction

 

1,212,837

 

1,322,861

Owner occupied one- to four-family residential

 

470,436

 

387,016

Non-owner occupied one- to four-family residential

 

114,569

 

120,343

Commercial real estate

 

1,553,677

 

1,494,172

Other residential

 

1,021,145

 

866,006

Commercial business

 

370,898

 

313,209

Industrial revenue bonds

 

14,003

 

13,189

Consumer auto

 

86,173

 

151,854

Consumer other

 

40,762

 

46,720

Home equity lines of credit

 

114,689

 

118,988

Loans acquired and accounted for under ASC 310-30, net of discounts

 

98,643

 

127,206

 

5,225,529

 

5,052,046

Undisbursed portion of loans in process

 

(863,722)

 

(850,666)

Allowance for loan losses

 

(55,743)

 

(40,294)

Deferred loan fees and gains, net

 

(9,260)

 

(7,104)

$

4,296,804

$

4,153,982

Schedule of loans classified by aging analysis

    

December 31, 2020

Total Loans

Over 90

Total

> 90 Days Past

30-59 Days

60-89 Days

Days

Total Past

Loans

Due and

    

Past Due

    

Past Due

    

Past Due

    

Due

    

Current

    

Receivable

    

Still Accruing

(In Thousands)

One- to four-family residential construction

$

1,365

$

$

$

1,365

$

41,428

$

42,793

$

Subdivision construction

 

 

 

 

 

30,894

 

30,894

 

Land development

 

20

 

 

 

20

 

53,990

 

54,010

 

Commercial construction

 

 

 

 

 

1,212,837

 

1,212,837

 

Owner occupied one- to four- family residential

 

1,379

 

113

 

1,502

 

2,994

 

467,442

 

470,436

 

Non-owner occupied one- to four-family residential

 

69

69

114,500

114,569

 

Commercial real estate

 

 

79

 

587

 

666

 

1,553,011

 

1,553,677

 

Other residential

 

 

 

 

 

1,021,145

 

1,021,145

 

Commercial business

 

 

 

114

 

114

 

370,784

 

370,898

 

Industrial revenue bonds

 

 

 

 

 

14,003

 

14,003

 

Consumer auto

 

364

 

119

 

169

 

652

 

85,521

 

86,173

 

Consumer other

 

443

 

7

 

94

 

544

 

40,218

 

40,762

 

Home equity lines of credit

 

153

 

111

 

508

 

772

 

113,917

 

114,689

 

Loans acquired and accounted for under ASC 310-30, net of discounts

 

1,662

 

641

 

3,843

 

6,146

 

92,497

 

98,643

 

 

5,386

 

1,070

 

6,886

 

13,342

 

5,212,187

 

5,225,529

 

Less: Loans acquired and accounted for under ASC 310-30, net of discounts

 

1,662

 

641

 

3,843

 

6,146

 

92,497

 

98,643

 

Total

$

3,724

$

429

$

3,043

$

7,196

$

5,119,690

$

5,126,886

$

    

December 31, 2019

Total Loans

Over 90

Total

> 90 Days Past

30-59 Days

60-89 Days

Days

Total Past

Loans

Due and

    

Past Due

        

Past Due

        

Past Due

        

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

$

Schedule of Financing Receivable, Nonaccrual

    

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

 

1,502

 

1,198

Non-owner occupied one- to four-family residential

 

69

 

181

Commercial real estate

 

587

 

632

Other residential

 

 

Commercial business

 

114

 

1,235

Industrial revenue bonds

 

 

Consumer auto

 

169

 

558

Consumer other

 

94

 

198

Home equity lines of credit

 

508

 

517

Total

$

3,043

$

4,519

Schedule of Loans and Leases Receivable Allowance for Loan Losses

    

December 31, 2020

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, 2020

$

4,339

$

5,153

$

24,334

$

3,076

$

1,355

$

2,037

$

40,294

Provision (benefit) charged to expense

 

84

 

4,042

 

9,343

 

242

 

914

 

1,246

 

15,871

Losses charged off

 

(70)

 

 

(43)

 

(1)

 

(28)

 

(3,152)

 

(3,294)

Recoveries

 

183

 

180

 

73

 

204

 

149

 

2,083

 

2,872

Balance, December 31, 2020

$

4,536

$

9,375

$

33,707

$

3,521

$

2,390

$

2,214

$

55,743

Ending balance:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Individually evaluated for impairment

$

90

$

$

445

$

$

14

$

164

$

713

Collectively evaluated for impairment

$

4,382

$

9,282

$

32,937

$

3,378

$

2,331

$

2,040

$

54,350

Loans acquired and accounted for under ASC 310-30

$

64

$

93

$

325

$

143

$

45

$

10

$

680

Loans

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Individually evaluated for impairment

$

3,546

$

$

3,438

$

$

167

$

1,897

$

9,048

Collectively evaluated for impairment

$

655,146

$

1,021,145

$

1,550,239

$

1,266,847

$

384,734

$

239,727

$

5,117,838

Loans acquired and accounted for under ASC 310-30

$

57,113

$

6,150

$

24,613

$

2,551

$

2,549

$

5,667

$

98,643

    

December 31, 2019

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, 2019

$

3,122

$

4,713

$

19,803

$

3,105

$

1,568

$

6,098

$

38,409

Provision (benefit) charged to expense

 

1,625

 

603

 

4,651

 

22

 

(309)

 

(442)

 

6,150

Losses charged off

 

(534)

 

(189)

 

(144)

 

(101)

 

(371)

 

(6,723)

 

(8,062)

Recoveries

 

126

 

26

 

24

 

50

 

467

 

3,104

 

3,797

Balance, December 31, 2019

$

4,339

$

5,153

$

24,334

$

3,076

$

1,355

$

2,037

$

40,294

Ending balance:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Individually evaluated for impairment

$

198

$

$

517

$

$

13

$

201

$

929

Collectively evaluated for impairment

$

3,973

$

5,101

$

23,570

$

2,940

$

1,306

$

1,814

$

38,704

Loans acquired and accounted for under ASC 310-30

$

168

$

52

$

247

$

136

$

36

$

22

$

661

Loans

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Individually evaluated for impairment

$

2,960

$

$

4,020

$

$

1,286

$

2,001

$

10,267

Collectively evaluated for impairment

$

554,450

$

866,006

$

1,490,152

$

1,363,292

$

325,112

$

315,561

$

4,914,573

Loans acquired and accounted for under ASC 310-30

$

74,562

$

5,334

$

29,158

$

3,606

$

3,356

$

11,190

$

127,206

December 31, 2018

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, 2018

$

2,108

    

$

2,839

    

$

18,639

    

$

1,767

    

$

3,581

    

$

7,558

    

$

36,492

Provision (benefit) charged to expense

 

742

 

1,982

 

1,094

 

1,031

 

(1,613)

 

3,914

 

 

7,150

Losses charged off

 

(62)

 

(525)

 

(102)

 

(87)

 

(1,155)

 

(9,425)

 

 

(11,356)

Recoveries

 

334

 

417

 

172

 

394

 

755

 

4,051

 

 

6,123

Balance, December 31, 2018

$

3,122

$

4,713

$

19,803

$

3,105

$

1,568

$

6,098

 

$

38,409

Ending balance:

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

694

$

$

613

$

$

309

$

425

 

$

2,041

Collectively evaluated for impairment

$

2,392

$

4,681

$

18,958

$

3,029

$

1,247

$

5,640

 

$

35,947

Loans acquired and accounted for under ASC 310-30

$

36

$

32

$

232

$

76

$

12

$

33

 

$

421

Loans

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

6,116

$

$

3,501

$

14

$

1,844

$

2,464

 

$

13,939

Collectively evaluated for impairment

$

433,209

$

784,894

$

1,367,934

$

1,461,644

$

334,214

$

429,766

 

$

4,811,661

Loans acquired and accounted for under ASC 310-30

$

93,841

$

12,790

$

33,620

$

4,093

$

4,347

$

18,960

 

$

167,651

Schedule of impaired financing receivables

Year Ended

December 31, 2020

December 31, 2020

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

 

20

 

20

 

 

115

 

3

Land development

 

 

 

 

 

Commercial construction

 

 

 

 

 

Owner occupied one- to four-family residential

 

3,457

 

3,776

 

90

 

2,999

 

169

Non-owner occupied one- to four-family residential

 

69

 

106

 

 

309

 

18

Commercial real estate

 

3,438

 

3,472

 

445

 

3,736

 

135

Other residential

 

 

 

 

 

Commercial business

 

166

 

551

 

14

 

800

 

34

Industrial revenue bonds

 

 

 

 

 

Consumer auto

 

865

 

964

 

140

 

932

 

91

Consumer other

 

403

 

552

 

19

 

298

 

47

Home equity lines of credit

 

630

 

668

 

5

 

550

 

36

Total

$

9,048

$

10,109

$

713

$

9,739

 

$

533

Year Ended

December 31, 2019

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

Year Ended

December 31, 2018

December 31, 2018

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

 

318

 

318

 

105

 

321

 

17

Land development

 

14

 

18

 

 

14

 

1

Commercial construction

 

 

 

 

 

Owner occupied one- to four-family residential

 

3,576

 

3,926

 

285

 

3,406

 

197

Non-owner occupied one- to four-family residential

 

2,222

 

2,519

 

304

 

2,870

 

158

Commercial real estate

 

3,501

 

3,665

 

613

 

6,216

 

337

Other residential

 

 

 

 

1,026

 

20

Commercial business

 

1,844

 

2,207

 

309

 

2,932

 

362

Industrial revenue bonds

 

 

 

 

 

Consumer auto

 

1,874

 

2,114

 

336

 

2,069

 

167

Consumer other

 

479

 

684

 

72

 

738

 

59

Home equity lines of credit

 

111

 

128

 

17

 

412

 

28

Total

$

13,939

$

15,579

$

2,041

$

20,004

 

$

1,346

Schedule of Financing Receivable, Troubled Debt Restructuring

2020

Total

    

Interest Only

    

Term

    

Combination

    

Modification

(In Thousands)

Residential one-to-four family

$

$

$

1,030

$

1,030

Commercial real estate

 

 

 

559

 

559

Commercial business

 

 

 

22

 

22

Consumer

 

 

16

 

1,951

 

1,967

$

$

16

$

3,562

$

3,578

2019

Total

    

Interest Only

    

Term

    

Combination

    

Modification

(In Thousands)

Consumer

$

$

136

$

$

136

$

$

136

$

$

136

2018

Total

    

Interest Only

    

Term

    

Combination

    

Modification

(In Thousands)

Residential one-to-four family

$

1,348

$

$

$

1,348

Construction and land development

31

31

Commercial construction

 

 

 

106

 

106

Consumer

 

 

535

 

 

535

$

1,348

$

566

$

106

$

2,020

Schedule of financing receivable credit quality indicators

December 31, 2020

Special

    

Satisfactory

    

Watch

    

Mention

    

Substandard

    

Doubtful

    

Total

 

(In Thousands)

One- to four-family residential construction

$

41,428

$

1,365

$

$

$

$

42,793

Subdivision construction

 

30,874

 

 

 

20

 

 

30,894

Land development

 

54,010

 

 

 

 

 

54,010

Commercial construction

 

1,212,837

 

 

 

 

 

1,212,837

Owner occupied one- to-four-family residential

 

467,855

 

216

 

 

2,365

 

 

470,436

Non-owner occupied one-to-four-family residential

 

114,176

 

324

 

 

69

 

 

114,569

Commercial real estate

 

1,498,031

 

52,208

 

 

3,438

 

 

1,553,677

Other residential

 

1,017,648

 

3,497

 

 

 

 

1,021,145

Commercial business

 

363,681

 

7,102

 

 

115

 

 

370,898

Industrial revenue bonds

 

14,003

 

 

 

 

 

14,003

Consumer auto

 

85,657

 

5

 

 

511

 

 

86,173

Consumer other

 

40,514

 

2

 

 

246

 

 

40,762

Home equity lines of credit

 

114,049

 

39

 

 

601

 

 

114,689

Loans acquired and accounted for under ASC 310-30, net of discounts

 

98,633

 

 

 

10

 

 

98,643

Total

$

5,153,396

$

64,758

$

$

7,375

$

$

5,225,529

December 31, 2019

Special

    

Satisfactory

    

Watch

    

Mention

    

Substandard

    

Doubtful

    

Total

(In Thousands)

 

  

 

  

 

  

 

  

 

  

 

  

One- to four-family residential construction

$

33,963

$

$

$

$

$

33,963

Subdivision construction

 

16,061

 

27

 

 

 

 

16,088

Land development

 

40,431

 

 

 

 

 

40,431

Commercial construction

 

1,322,861

 

 

 

 

 

1,322,861

Owner occupied one- to-four-family residential

 

385,001

 

26

 

 

1,989

 

 

387,016

Non-owner occupied one-to-four-family residential

 

119,743

 

419

 

 

181

 

 

120,343

Commercial real estate

 

1,458,400

 

32,063

 

 

3,709

 

 

1,494,172

Other residential

 

866,006

 

 

 

 

 

866,006

Commercial business

 

307,322

 

4,651

 

 

1,236

 

 

313,209

Industrial revenue bonds

 

13,189

 

 

 

 

 

13,189

Consumer auto

 

150,874

 

47

 

 

933

 

 

151,854

Consumer other

 

46,294

 

92

 

 

334

 

 

46,720

Home equity lines of credit

 

118,428

 

43

 

 

517

 

 

118,988

Loans acquired and accounted for under ASC 310-30, net of discounts

 

127,192

 

 

 

14

 

 

127,206

Total

$

5,005,765

$

37,368

$

$

8,913

$

$

5,052,046

Schedule of related party transactions

    

2020

    

2019

(In Thousands)

Balance, beginning of year

$

15,240

$

29,017

New loans

 

901

 

15,062

Payments

 

(2,673)

 

(28,839)

Balance, end of year

$

13,468

$

15,240