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Loan and Lease Finance Receivables and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2012

Allowance for Credit Losses and Loans & Lease Real Estate Owned (Non-Covered Loans) [Abstract]

Summary of Components of Loan and Lease Finance Receivables

		As of March 31, 2012
		Non-Covered Loans				Covered Loans				Total
		(Dollars in thousands)
Commercial and Industrial		$	497,625			$	24,154			$	521,779
Real Estate:
Construction			67,382				10,003				77,385
Commercial Real Estate			1,987,798				235,735				2,223,533
SFR Mortgage			165,547				1,918				167,465
Consumer			50,757				7,856				58,613
Municipal lease finance receivables			114,724				68				114,792
Auto and equipment leases, net of unearned discount			17,105				—				17,105
Dairy and Livestock			285,653				374				286,027
Agribusiness			4,925				7,291				12,216
Gross loans		$	3,191,516			$	287,399			$	3,478,915
Less:
Purchase accounting discount			—				(45,456	)			(45,456	)
Deferred loan fees, net			(5,503	)			—				(5,503	)
Gross loans, net of deferred loan fees		$	3,186,013			$	241,943			$	3,427,956
Less: Allowance for credit losses			(91,922	)			—				(91,922	)
Net loans and lease finance receivables		$	3,094,091			$	241,943			$	3,336,034

		As of December 31, 2011
		Non-Covered Loans				Covered Loans				Total
		(Dollars in thousands)
Commercial and Industrial		$	494,299			$	29,651			$	523,950
Real Estate:
Construction			76,146				18,685				94,831
Commercial Real Estate			1,948,292				223,107				2,171,399
SFR Mortgage			176,442				3,289				179,731
Consumer			51,436				8,353				59,789
Municipal lease finance receivables			113,460				169				113,629
Auto and equipment leases, net of unearned discount			17,370				—				17,370
Dairy and Livestock			343,350				199				343,549
Agribusiness			4,327				24,196				28,523
Gross loans		$	3,225,122			$	307,649			$	3,532,771
Less:
Purchase accounting discount			—				(50,780	)			(50,780	)
Deferred loan fees, net			(5,395	)			—				(5,395	)
Gross loans, net of deferred loan fees		$	3,219,727			$	256,869			$	3,476,596
Less: Allowance for credit losses			(93,964	)			—				(93,964	)
Net loans and lease finance receivables		$	3,125,763			$	256,869			$	3,382,632

Schedule of activity of loans held for sale

Non-Covered Loans Held for Sale Activity

		For the Three Months Ended March 31,
		2012				2011
		(Dollars in thousands)
Balance, beginning of period		$	348			$	2,954
Originations of mortage loans			5,739				11,508
Sales of mortgage loans			(5,457	)			(10,957	)
Transfer of mortgage loans to held for investment			—				—
Sales of other loans			—				—
Transfers of other loans to held for sale			—				—
Write-down of loans held for sale			—				—
Balance, end of period		$	630			$	3,505

Covered Loans Held for Sale Activity

		For the Three Months Ended March 31,
		2012				2011
		(Dollars in thousands)
Balance, beginning of period		$	5,664			$	—
Originations of mortage loans			—				—
Sales of mortgage loans			—				—
Transfer of other loans to held for investment			—				—
Sales of other loans			—				—
Transfers of other loans to held for sale							—
Write-down of loans held for sale			(1,219	)			—
Payment on other loans			(674	)
Balance, end of period		$	3,771			$	—

Summary of Internal Risk Grouping by Loan Class for Non-Covered, Held-For-Investment Loans

		March 31, 2012
		Pass				Watch List				Special Mention				Substandard				Doubtful & Loss				Total
Commercial & Industrial		$	317,336			$	101,482			$	53,088			$	24,637			$	1,082			$	497,625
Construction - Speculative			3,902				—				20,363				31,117				—				55,382
Construction - Non-Speculative			2,490				291				—				9,219				—				12,000
Commercial Real Estate - Owner-Occupied			406,068				155,026				76,577				74,699				—				712,370
Commercial Real Estate - Non-Owner-Occupied			848,015				202,159				109,440				114,989				825				1,275,428
Residential Real Estate (SFR 1-4)			137,110				10,862				2,780				14,795				—				165,547
Dairy & Livestock			49,378				113,995				70,972				51,117				191				285,653
Agribusiness			2,450				1,683				792				—				—				4,925
Municipal Lease Finance Receivables			73,255				29,651				3,226				8,592				—				114,724
Consumer			43,142				3,671				2,414				1,482				48				50,757
Auto & Equipment Leases			11,459				3,870				452				1,324				—				17,105
Total Non-covered Loans			1,894,605				622,690				340,104				331,971				2,146				3,191,516
Covered Loans			47,894				68,478				30,081				140,661				285				287,399
Total Loans excluding held-for-sale			1,942,499				691,168				370,185				472,632				2,431				3,478,915
Non-covered loans held-for-sale			630				—				—				—				—				630
Covered loans held-for-sale			—				—				—				3,771				—				3,771
Total Gross Loans		$	1,943,129			$	691,168			$	370,185			$	476,403			$	2,431			$	3,483,316
		December 31, 2011
		Pass				Watch List				Special Mention				Substandard				Doubtful & Loss				Total
Commercial & Industrial		$	323,653			$	94,059			$	55,140			$	21,447			$	—			$	494,299
Construction - Speculative			2,654				—				25,610				35,191				—				63,455
Construction - Non-Speculative			1,314				137				687				10,553				—				12,691
Commercial Real Estate - Owner-Occupied			370,801				176,958				74,315				77,884				—				699,958
Commercial Real Estate - Non-Owner-Occupied			836,465				193,751				108,798				108,482				838				1,248,334
Residential Real Estate (SFR 1-4)			143,841				8,336				6,807				17,458				—				176,442
Dairy & Livestock			73,074				106,024				91,416				72,619				217				343,350
Agribusiness			2,800				860				667				—				—				4,327
Municipal Lease Finance Receivables			70,781				23,106				8,927				10,646				—				113,460
Consumer			42,295				3,474				3,906				1,740				21				51,436
Auto & Equipment Leases			11,742				39				3,506				522				1,561				17,370
Total Non-covered Loans			1,879,420				606,744				379,779				356,542				2,637				3,225,122
Covered Loans			48,440				73,718				20,728				164,198				565				307,649
Total Loans excluding held-for-sale			1,927,860				680,462				400,507				520,740				3,202				3,532,771
Non-covered loans held-for-sale			348				—				—				—				—				348
Covered loans held-for-sale			—				—				—				5,664				—				5,664
Total Gross Loans		$	1,928,208			$	680,462			$	400,507			$	526,404			$	3,202			$	3,538,783

Summary of Components of Loan and Lease Finance Receivables

Allowance for Credit Losses and Recorded Investment in Financing Receivables

(Dollars in thousands)

			0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000
		Commercial and Industrial				Construction				Real Estate				Municipal Lease Finance Receivables				Dairy and Livestock				Consumer, Auto & Other				Covered Loans (1)				Unallocated				Total
Three Months Ended March 31, 2012
Allowance for Credit Losses:
Beginning balance, January 1, 2012		$	10,654			$	4,947			$	51,873			$	2,403			$	17,230			$	1,638			$	—			$	5,219			$	93,964
Charge-offs			(560	)			—				(530	)			—				(1,150	)			(85	)			(31	)			—				(2,356	)
Recoveries			62				27				221				—				—				4				—				—				314
Provision/Reallocation of ALLL			1,751				(651	)			371				(383	)			(54	)			(14	)			31				(1,051	)			—
Ending balance, March 31, 2012		$	11,907			$	4,323			$	51,935			$	2,020			$	16,026			$	1,543			$	—			$	4,168			$	91,922
Ending balance: Individually evaluated for impairment		$	421			$	—			$	787			$	—			$	221			$	81			$	—			$	—			$	1,510
Ending balance: Collectively evaluated for impairment		$	11,486			$	4,323			$	51,148			$	2,020			$	15,805			$	1,462			$	—			$	4,168			$	90,412
Loans and financing receivables: (1)
Ending balance, March 31, 2012		$	497,625			$	67,382			$	2,153,345			$	114,724			$	285,653			$	72,787			$	241,943			$	—			$	3,433,459
Ending balance: Individually evaluated for impairment		$	7,820			$	29,354			$	51,153			$	—			$	8,470			$	389			$	2,506			$	—			$	99,692
Ending balance: Collectively evaluated for impairment		$	489,805			$	38,028			$	2,102,192			$	114,724			$	277,183			$	72,398			$	239,437			$	—			$	3,333,767

			0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000				0000000000
		Commercial and Industrial				Construction				Real Estate				Municipal Lease Finance Receivables				Dairy and Livestock				Consumer, Auto & Other				Covered Loans (1)				Unallocated				Total
Three Months Ended March 31, 2011
Allowance for Credit Losses:
Beginning balance, January 1, 2011		$	11,472			$	10,188			$	43,529			$	2,172			$	36,061			$	1,034			$	—			$	803			$	105,259
Charge-offs			(689	)			(6,160	)			(2,471	)			—				(2,204	)			(120	)			(394	)			—				(12,038	)
Recoveries			142				—				581				—				—				52				3				—				778
Provision/Reallocation of ALLL			(482	)			2,350				1,151				639				(430	)			707				391				2,742				7,068
Ending balance, March 31, 2011		$	10,443			$	6,378			$	42,790			$	2,811			$	33,427			$	1,673			$	—			$	3,545			$	101,067
Ending balance: Individually evaluated for impairment		$	364			$	—			$	885			$	—			$	—			$	37			$	—			$	—			$	1,286
Ending balance: Collectively evaluated for impairment		$	10,079			$	6,378			$	41,905			$	2,811			$	33,427			$	1,636			$	—			$	3,545			$	99,781
Loans and financing receivables: (1)
Ending balance, March 31, 2011		$	456,925			$	109,540			$	2,172,172			$	122,422			$	325,052			$	69,217			$	348,759			$	—			$	3,604,087
Ending balance: Individually evaluated for impairment		$	10,136			$	42,320			$	62,707			$	—			$	2,996			$	260			$	14,965			$	—			$	133,384
Ending balance: Collectively evaluated for impairment		$	446,789			$	67,220			$	2,109,465			$	122,422			$	322,056			$	68,957			$	333,794			$	—			$	3,470,703

(1) Net of purchase accounting discount and deferred loan fees.

Schedule of Recorded Investment in Non-Covered Past Due and Non-Accrual Loans and Loans Past Due by Class of Loans

Non-Covered Past Due and Nonaccrual Loans

As of March 31, 2012 and December 31, 2011

(Dollars in Thousands)

March 31, 2012		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due and Accruing				Total Past Due and Accruing				Nonaccrual				Current				Total Loans and Financing Receivables
Commercial & Industrial		$	1,317			$	—			$	—			$	1,317			$	4,082			$	492,226			$	497,625
Construction - Speculative			—				—				—				—				9,269				46,113				55,382
Construction - Non-Speculative			—				—				—				—				—				12,000				12,000
Commercial Real Estate - Owner-Occupied			902				—				—				902				9,383				702,085				712,370
Commercial Real Estate - Non-Owner-Occupied			4,834				62				—				4,896				17,855				1,252,677				1,275,428
Residential Real Estate (SFR 1-4)			4,109				—				—				4,109				13,129				148,309				165,547
Dairy & Livestock			—				—				—				—				1,200				284,453				285,653
Agribusiness			—				—				—				—				—				4,925				4,925
Municipal Lease Finance Receivables			—				—				—				—				—				114,724				114,724
Consumer			1				12				—				13				308				50,436				50,757
Auto & Equipment Leases			—				—				—				—				86				17,019				17,105
Total Non-covered Loans excluding held-for-sale			11,163				74				—				11,237				55,312				3,124,967				3,191,516
Loans Held-for-Sale Residential Real Estate (SFR 1-4)			—				—				—				—				—				630				630
Total		$	11,163			$	74			$	—			$	11,237			$	55,312			$	3,125,597			$	3,192,146

December 31, 2011		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due and Accruing				Total Past Due and Accruing				Nonaccrual				Current				Total Loans and Financing Receivables
Commercial & Industrial		$	2,872			$	150			$	—				3,022			$	3,432			$	487,845			$	494,299
Construction - Speculative			—				—				—				—				13,317				42,203				55,520
Construction - Non-Speculative			—				—				—				—				—				20,626				20,626
Commercial Real Estate - Owner-Occupied			133				280				—				413				9,474				690,071				699,958
Commercial Real Estate - Non-Owner-Occupied			374				—				—				374				16,518				1,231,442				1,248,334
Residential Real Estate (SFR 1-4)			1,568				—				—				1,568				16,970				157,904				176,442
Dairy & Livestock			—				—				—				—				2,475				340,875				343,350
Agribusiness			—				—				—				—				—				4,327				4,327
Municipal Lease Finance Receivables			—				—				—				—				—				113,460				113,460
Consumer			59				—				—				59				382				50,995				51,436
Auto & Equipment Leases			14				6				—				20				104				17,246				17,370
Total Non-covered Loans excluding held-for-sale			5,020				436				—				5,456				62,672				3,156,994				3,225,122
Loans Held-for-Sale Residential Real Estate (SFR 1-4)			—				—				—				—				—				348				348
Total		$	5,020			$	436			$	—			$	5,456			$	62,672			$	3,157,342			$	3,225,470

Schedule of Held-For-Investment and Held-For-Sale Loans Individually Evaluated for Impairment by Class of Loans

Non-Covered Impaired Loans

As of March 31 ,2012 and December 31, 2011

(Dollars in Thousands)

		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
March 31, 2012
With no related allowance recorded:
Commercial & Industrial		$	5,684			$	6,834			$	—			$	4,517			$	27
Held for Sale Construction - Speculative			—				—				—				—				—
Construction - Speculative			9,269				11,860				—				11,293				—
Construction - Non-Speculative			20,085				20,085				—				20,085				283
Commercial Real Estate - Owner-Occupied			14,575				15,072				—				14,626				131
Commercial Real Estate - Non-Owner-Occupied			17,591				25,494				—				17,996				15
Residential Real Estate (SFR 1-4)			10,913				13,685				—				11,567				16
Dairy & Livestock			8,250				9,729				—				8,564				111
Municipal Lease Finance Receivables			—				—				—				—				—
Consumer			103				150				—				104				—
Auto & Equipment Leases			—				—				—				—				—
			86,470				102,909				—				88,752				583
With a related allowance recorded:
Commercial & Industrial		$	2,136			$	2,164			$	421			$	2,149			$	—
Construction - Speculative			—				—				—				—				—
Construction - Non-Speculative			—				—				—				—				—
Commercial Real Estate - Owner-Occupied			3,900				3,900				279				3,900				—
Commercial Real Estate - Non-Owner-Occupied			263				265				16				265				—
Residential Real Estate (SFR 1-4)			3,910				4,265				492				3,920				—
Dairy, Livestock & Agribusiness			221				3,324				221				796				—
Municipal Lease Finance Receivables			—				—				—				—				—
Consumer			200				208				69				201				—
Auto & Equipment Leases			86				91				12				89				—
			10,716				14,217				1,510				11,320				—
Total		$	97,186			$	117,126			$	1,510			$	100,072			$	583
December 31, 2011
With no related allowance recorded:
Commercial & Industrial		$	3,566			$	4,630			$	—			$	4,649			$	93
Held for Sale Construction - Speculative			—				—				—				—				—
Construction - Speculative			13,317				15,718				—				15,434				—
Construction - Non-Speculative			20,085				20,085				—				16,437				1,123
Commercial Real Estate - Owner-Occupied			13,567				14,013				—				11,941				449
Commercial Real Estate - Non-Owner-Occupied			16,435				23,656				—				21,096				67
Residential Real Estate (SFR 1-4)			14,069				17,411				—				15,120				47
Dairy & Livestock			8,879				10,358				—				10,535				446
Municipal Lease Finance Receivables			—				—				—				—				—
Consumer			104				150				—				127				—
Auto & Equipment Leases			—				—				—				—				—
			90,022				106,021				—				95,339				2,225
With a related allowance recorded:
Commercial & Industrial		$	1,388			$	1,410			$	165			$	1,554			$	—
Construction - Speculative			—				—				—				—				—
Construction - Non-Speculative			—				—				—				—				—
Commercial Real Estate - Owner-Occupied			3,900				3,900				928				3,900				—
Commercial Real Estate - Non-Owner-Occupied			83				85				5				86				—
Residential Real Estate (SFR 1-4)			4,087				4,369				406				3,967				—
Dairy, Livestock & Agribusiness			1,372				3,324				1,372				2,402				—
Municipal Lease Finance Receivables			—				—				—				—				—
Consumer			270				278				77				276				—
Auto & Equipment Leases			104				110				15				141				—
			11,204				13,476				2,968				12,326				—
Total		$	101,226			$	119,497			$	2,968			$	107,665			$	2,225

Loans modified as troubled debt restructuring

Modifications

(Dollars in thousands)

		Three Months Ended March 31, 2012
		Number of Loans				Pre-modification Outstanding Recorded Investment				Post-Modification Outstanding  Recorded Investment				Outstanding Recorded Investment at March 31, 2012
Troubled Debt Restructurings
Commercial & Industrial			2			$	2,534			$	2,534			$	2,532
Construction - Speculative			—				—				—				—
Construction - Non-Speculative			—				—				—				—
Commercial Real Estate - Owner-Occupied			1				307				307				304
Commercial Real Estate - Non-Owner-Occupied			1				513				513				513
Residential Real Estate (SFR 1-4)			—				—				—				—
Dairy & Livestock			—				—				—				—
Agribusiness			—				—				—				—
Municipal Lease Finance Receivables			—				—				—				—
Consumer			—				—				—				—
Auto & Equipment Leases			—				—				—				—
Total Non-Covered Loans			4				3,354				3,354				3,349
Covered Loans			—				—				—				—
Total Gross Loans			4			$	3,354			$	3,354			$	3,349

X

- Definition

Schedule of held for investment and held for sale loans individually evaluated for impairment by class of loans.

+ References

No definition available.

+ Details

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X

- Definition

Schedule of loans held for sale activity.

+ References

No definition available.

+ Details

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X

- Definition

Schedule of recorded investment in held-for-investment and held-for-sale, non-covered, non-accrual loans and past due by class of loans.

+ References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953423-111524

+ Details

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953659-111524



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6951925&loc=SL6953803-111525

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953670-111524



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-Topic 310

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-Paragraph 33

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