Quarterly report pursuant to Section 13 or 15(d)

Loans, Net (Tables)

v3.20.2
Loans, Net (Tables)
9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Summary of Total Loans Held in Portfolio

Total loans held in portfolio consisted of the following at September 30, 2020 and December 31, 2019:

 

 

 

 

September 30, 2020

 

 

 

Acquired

Loans (1)

 

 

Organic Loans

 

 

Total Loans

 

 

 

(Dollars in thousands)

 

Commercial and industrial loans (2)

 

$

78,923

 

 

$

611,086

 

 

$

690,009

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 single family residential loans

 

 

112,947

 

 

 

260,273

 

 

 

373,220

 

Construction, land and development

 

 

165,516

 

 

 

236,960

 

 

 

402,476

 

Commercial real estate loans (including multifamily)

 

 

369,789

 

 

 

536,345

 

 

 

906,134

 

Consumer loans and leases

 

 

5,309

 

 

 

7,668

 

 

 

12,977

 

Municipal and other loans

 

 

7,430

 

 

 

60,107

 

 

 

67,537

 

Total loans held in portfolio (3)

 

$

739,914

 

 

$

1,712,439

 

 

$

2,452,353

 

 

 

 

 

December 31, 2019

 

 

 

Acquired

Loans (1)

 

 

Organic Loans

 

 

Total Loans

 

 

 

(Dollars in thousands)

 

Commercial and industrial loans (2)

 

$

46,842

 

 

$

236,107

 

 

$

282,949

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 single family residential loans

 

 

118,669

 

 

 

257,074

 

 

 

375,743

 

Construction, land and development

 

 

58,054

 

 

 

201,330

 

 

 

259,384

 

Commercial real estate loans (including multifamily)

 

 

332,476

 

 

 

421,336

 

 

 

753,812

 

Consumer loans and leases

 

 

11,351

 

 

 

11,418

 

 

 

22,769

 

Municipal and other loans

 

 

13,709

 

 

 

58,816

 

 

 

72,525

 

Total loans held in portfolio (3)

 

$

581,101

 

 

$

1,186,081

 

 

$

1,767,182

 

 

(1)

Acquired loans in 2020 include loans acquired in the Comanche, Beeville, and Citizens acquisitions and the Simmons branch acquisition.  Acquired loans in 2019 include loans acquired in the Comanche, Beeville, and Citizens acquisitions.  All loans originated after acquisition close date are included in organic loans.

(2)

Organic loans balance includes $72.7 million and $74.2 million of the unguaranteed portion of SBA loans as of September 30, 2020 and December 31, 2019, respectively.

(3)

Organic loans balance includes $(11.9) million and $(4.2) million of deferred fees, cost, premium and discount as of September 30, 2020 and December 31, 2019, respectively.

Summary of Loans to Related Parties and Principal Owners

In the ordinary course of business, the Company makes loans to executive officers and directors. Loans to these related parties, including companies in which they are principal owners, are as follows for the periods presented:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Principal outstanding, beginning of year

 

$

6,928

 

 

$

2,433

 

 

$

6,005

 

 

$

107

 

Additions (reductions) of affiliations

 

 

 

 

 

 

 

 

 

 

 

2,352

 

New loans made in current year

 

 

2,200

 

 

 

4,035

 

 

 

4,731

 

 

 

4,035

 

Repayments

 

 

(932

)

 

 

(57

)

 

 

(2,540

)

 

 

(83

)

Principal outstanding, end of year

 

$

8,196

 

 

$

6,411

 

 

$

8,196

 

 

$

6,411