Quarterly report pursuant to Section 13 or 15(d)

Loans (Tables)

v3.21.1
Loans (Tables)
3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Summary of Total Loans Held in Portfolio

Total loans held in portfolio consisted of the following at March 31, 2021 and December 31, 2020:

 

 

 

 

March 31, 2021

 

 

 

Acquired

Loans (1)

 

 

Organic Loans

 

 

Total Loans

 

 

 

(Dollars in thousands)

 

Commercial and industrial loans (2)

 

$

51,240

 

 

$

648,656

 

 

$

699,896

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 single family residential loans

 

 

87,876

 

 

 

261,032

 

 

 

348,908

 

Construction, land and development

 

 

59,458

 

 

 

285,099

 

 

 

344,557

 

Commercial real estate loans (including multifamily)

 

 

343,979

 

 

 

620,363

 

 

 

964,342

 

Consumer loans and leases

 

 

2,370

 

 

 

7,249

 

 

 

9,619

 

Municipal and other loans

 

 

5,170

 

 

 

58,102

 

 

 

63,272

 

Total loans held in portfolio (3)

 

$

550,093

 

 

$

1,880,501

 

 

$

2,430,594

 

 

 

 

 

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 loans

 

 

93,840

 

 

 

270,299

 

 

 

364,139

 

Construction, land and development

 

 

131,734

 

 

 

283,754

 

 

 

415,488

 

Commercial real estate loans (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

 

 

(1)

Acquired loans include loans acquired in the acquisitions of Comanche, National Corporation, First Beeville Financial Corporation, and Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank (together, “Citizens”), and the Simmons Bank branch acquisition.  All loans originated after acquisition close date are included in organic loans.

(2)

Organic loans balance includes $67.4 million and $70.8 million of the unguaranteed portion of SBA loans as of March 31, 2021 and December 31, 2020, respectively.

(3)

Organic loans balance includes $(11.9) million and $(8.2) million of deferred fees, cost, premium and discount as of March 31, 2021 and December 31, 2020, 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 March 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands)

 

Principal outstanding, beginning of year

 

$

7,581

 

 

$

6,005

 

Additions (reductions) of affiliations

 

 

 

 

 

 

New loans made in current year

 

 

972

 

 

 

1,719

 

Repayments

 

 

(1,775

)

 

 

(277

)

Principal outstanding, end of year

 

$

6,778

 

 

$

7,447