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Asset Quality
The following table presents select asset quality data as of the dates indicated:
December 31, 2012 Pro Forma December September June March December (1) 31, 2012 30, 2012 30, 2012 31, 2012 31, 2011 -------- -------- -------- -------- -------- -------- (Dollars in thousands)Nonaccrual loans and leases $ 13,692 $ 13,692 $ 21,185 $ 21,291 $ 29,648 $ 26,801Other nonperforming loans 224 224 543 - 1,301 6 -------- -------- -------- -------- -------- --------Total nonperforming loans (NPLs) $ 13,916 $ 13,916 $ 21,728 $ 21,291 $ 30,949 $ 26,807Other real estate owned and foreclosed assets 8,730 19,580 23,532 24,640 28,072 29,027 -------- -------- -------- -------- -------- --------Total nonperforming assets (NPAs) $ 22,646 $ 33,496 $ 45,260 $ 45,931 $ 59,021 $ 55,834 ======== ======== ======== ======== ======== ========Accruing loans past due 90 days or more (2) $ 224 $ 224 $ 543 $ - $ 1,301 $ 6 ======== ======== ======== ======== ======== ========Accruing loans past due 30-89 days (2) $ 4,270 $ 4,270 $ 7,678 $ 18,448 $ 10,798 $ 10,805 ======== ======== ======== ======== ======== ========Allowance for loan losses $ 25,142 $ 25,142 $ 28,597 $ 29,307 $ 30,075 $ 34,661 ======== ======== ======== ======== ======== ========Selected ratios:NPLs to loans, net of unearned discount 1.20% 1.20% 1.94% 1.92% 2.79% 2.44%NPAs to total assets 1.20% 1.78% 2.47% 2.62% 3.44% 3.30%Allowance for loan losses to NPAs 111.02% 75.06% 63.18% 63.81% 50.96% 62.08%Allowance for loan losses to NPLs 180.67% 180.67% 131.61% 137.65% 97.17% 129.30%Allowance for loan losses to loans 2.17% 2.17% 2.56% 2.64% 2.71% 3.16%Loans 30-89 days past due to loans, net of unearned discount 0.37% 0.37% 0.69% 1.66% 0.97% 0.98%Texas ratio (3) 9.72% 14.37% 19.49% 19.92% 25.93% 24.55%Classified asset ratio (4) 20.50% 25.16% 32.10% 33.79% 35.64% 36.62% (1) December 31, 2012 Pro Forma represents data subsequent to the sale of our largest OREO property in January 2013. (2) Past due loans include both loans that are past due with respect to payments and loans that are past due because the loan has matured, and is in the process of renewal, but continues to be current with respect to payments. (3) Texas ratio defined as total NPAs divided by subsidiary bank only Tier 1 Capital plus allowance for loan losses. (4) Classified asset ratio defined as total classified assets to subsidiary bank only Tier 1 Capital plus allowance for loan losses.
The following tables summarize past due loans by class as of the dates indicated:
90 days +Past Due Non- 30-89 Days and Still Accrual Total Past TotalDecember 31, 2012 Past Due Accruing Loans Due Loans ---------- ---------- ---------- ---------- ---------- (In thousands)Commercial and residential real estate $ 832 $ 224 $ 8,034 $ 9,090 $ 736,524Construction loans - - - - 72,742Commercial loans 2,671 - 3,005 5,676 236,874Consumer loans 140 - 1,332 1,472 64,307Other 627 - 1,321 1,948 48,302 ---------- ---------- ---------- ---------- ----------Total $ 4,270 $ 224 $ 13,692 $ 18,186 $1,158,749 ========== ========== ========== ========== ========== 90 days +Past Due Non- 30-89 Days and Still Accrual Total Past TotalSeptember 30, 2012 Past Due Accruing Loans Due Loans ---------- ---------- ---------- ---------- ---------- (In thousands)Commercial and residential real estate $ 6,280 $ 543 $ 15,056 $ 21,879 $ 724,388Construction loans - - - - 53,091Commercial loans 753 - 3,217 3,970 225,858Consumer loans 612 - 1,541 2,153 63,749Other 33 - 1,371 1,404 51,882 ---------- ---------- ---------- ---------- ----------Total $ 7,678 $ 543 $ 21,185 $ 29,406 $1,118,968 ========== ========== ========== ========== ==========
