Annual report pursuant to Section 13 and 15(d)

Loans (Tables)

v3.22.0.1
Loans (Tables)
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Summary of Loans

Loans consisted of the following at December 31, 2021 and 2020:

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired Loans(1)

 

 

Organic Loans

 

 

Total Loans

 

 

 

(Dollars in thousands)

 

Commercial and industrial loans (2)

 

$

28,924

 

 

$

435,773

 

 

$

464,697

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

1-4 single family residential

 

 

58,869

 

 

 

303,286

 

 

 

362,155

 

Construction, land and development

 

 

31,430

 

 

 

369,522

 

 

 

400,952

 

Commercial real estate (including multifamily)

 

 

210,805

 

 

 

820,086

 

 

 

1,030,891

 

Consumer loans and leases

 

 

1,263

 

 

 

5,044

 

 

 

6,307

 

Municipal and other loans

 

 

4,508

 

 

 

52,591

 

 

 

57,099

 

Total loans held in portfolio (3)

 

$

335,799

 

 

$

1,986,302

 

 

$

2,322,101

 

 

    

 

 

 

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

 

(1)

Acquired loans in 2021 and 2020 include loans acquired in the Comanche, Beeville, Citizens, and Simmons acquisitions. All loans originated after acquisition close date are included in organic loans.

(2)

Balance includes $53.7 million and $70.8 million of the unguaranteed portion of SBA loans as of December 31, 2021 and 2020, respectively. Balance also includes $43.9 and $277.8 million of PPP loans outstanding as of December 31, 2021 and 2020, respectively.

(3)

Balance includes $(8.1) and $(8.2) million of deferred fees, cost, premium and discount as of December 31, 2021 and 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 Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Principal outstanding, beginning of year

 

$

7,581

 

 

$

6,005

 

 

$

107

 

Additions (reductions) of affiliations

 

 

 

 

 

 

 

 

3,402

 

New loans made in current year

 

 

1,052

 

 

 

4,867

 

 

 

4,512

 

Repayments

 

 

(3,225

)

 

 

(3,291

)

 

 

(2,016

)

Principal outstanding, end of year

 

$

5,408

 

 

$

7,581

 

 

$

6,005