Annual report pursuant to Section 13 and 15(d)

Loans (Tables)

v3.20.4
Loans (Tables)
12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Summary of Loans

Loans consisted of the following at December 31, 2020 and 2019:

 

 

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans(1)

 

 

Organic Loans

 

 

Total Loans

 

 

 

(Dollars in thousands)

 

Commercial and industrial loans (2)

 

$

53,857

 

 

$

521,129

 

 

$

574,986

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 single family residential

 

 

93,840

 

 

 

270,299

 

 

 

364,139

 

Construction, land and development

 

 

131,734

 

 

 

283,754

 

 

 

415,488

 

Commercial real estate (including multifamily)

 

 

333,489

 

 

 

623,254

 

 

 

956,743

 

Consumer loans and leases

 

 

3,088

 

 

 

8,650

 

 

 

11,738

 

Municipal and other loans

 

 

6,103

 

 

 

59,335

 

 

 

65,438

 

Total loans held in portfolio (3)

 

$

622,111

 

 

$

1,766,421

 

 

$

2,388,532

 

 

    

 

 

 

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

 

 

118,669

 

 

 

257,074

 

 

 

375,743

 

Construction, land and development

 

 

58,054

 

 

 

201,330

 

 

 

259,384

 

Commercial real estate (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, Citizens, and Simmons acquisitions. 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)

Balance includes $70.8 million and $74.2 million of the unguaranteed portion of SBA loans as of December 31, 2020 and 2019, respectively. Balance also includes $277.8 of PPP loans outstanding as of December 31, 2020.

(3)

Balance includes $(8.2) million and $(4.2) million of deferred fees, cost, premium and discount as of December 31, 2020 and 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 Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(Dollars in thousands)

 

Principal outstanding, beginning of year

 

$

6,005

 

 

$

107

 

 

$

463

 

Additions (reductions) of affiliations

 

 

 

 

 

3,402

 

 

 

-

 

New loans made in current year

 

 

4,867

 

 

 

4,512

 

 

 

 

Repayments

 

 

(3,291

)

 

 

(2,016

)

 

 

(356

)

Principal outstanding, end of year

 

$

7,581

 

 

$

6,005

 

 

$

107