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

12 Months Ended

Dec. 31, 2012

Summary of Components of Loan and Lease Finance Receivables

The following tables provide a summary of the components of loan and lease finance receivables:

		December 31, 2012
		Non-Covered Loans				Covered Loans				Total
		(Dollars in thousands)
Commercial and industrial		$	547,422			$	26,149			$	573,571
Real estate:			—
Construction			59,721				1,579				61,300
Commercial real estate			1,990,107				179,428				2,169,535
SFR mortgage			159,288				1,415				160,703
Consumer			47,557				6,337				53,894
Municipal lease finance receivables			105,767				—				105,767
Auto and equipment leases, net of unearned discount			12,716				—				12,716
Dairy and livestock			327,579				—				327,579
Agribusiness			9,081				5,651				14,732
Gross loans			3,259,238				220,559				3,479,797
Less:
Purchase accounting discount			—				(25,344	)			(25,344	)
Deferred loan fees, net			(6,925	)			—				(6,925	)
Gross loans, net of deferred loan fees			3,252,313				195,215				3,447,528
Less: Allowance for credit losses			(92,441	)			—				(92,441	)
Net loans		$	3,159,872			$	195,215			$	3,355,087

		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		$	3,125,763			$	256,869			$	3,382,632

Schedule Activity of Loans Held-for-Sale

The following is the activity of loans held-for-sale for the periods indicated:

Non-Covered Loans Held-for-Sale Activity

		For the Year Ended December 31,
		2012				2011
		(Dollars in thousands)
Balance, beginning of period		$	348			$	2,954
Originations of mortgage loans			25,489				37,304
Sales of mortgage loans			(22,250	)			(34,962	)
Transfer of mortgage loans to held-for-investment			(3,587	)			(3,292	)
Sales of other loans			—				(6,000	)
Transfers of other loans to held-for-sale			—				6,000
Write-down of loans held-for-sale			—				(1,656	)
Balance, end of period		$	—			$	348

Occasionally, the Company may decide to retain and not sell certain mortgage loans originated and will transfer them to the held for investment loan portfolio. This is generally done for customer service purposes.

Covered Loans Held-for-Sale Activity

		For the Year Ended December 31,
		2012				2011
		(Dollars in thousands)
Balance, beginning of period		$	5,664			$	—
Originations of mortgage loans			—				—
Sales of mortgage loans			—				—
Transfer of other loans to held-for-investment			—				—
Sales of other loans			(3,745	)			—
Transfers of other loans to held-for-sale			—				5,726
Write-down of loans held-for-sale			(1,219	)			—
Payment on other loans			(700	)			(62	)
Balance, end of period		$	—			$	5,664

Summary of Internal Risk Grouping by Loan Class

The following table summarizes our internal risk grouping by loan class as of December 31, 2012 and 2011:

Credit Quality Indicators

		December 31, 2012
		Pass				Watch List				Special Mention				Substandard				Doubtful & Loss				Total
		(Dollars in thousands)
Commercial & industrial		$	347,275			$	131,186			$	44,466			$	22,901			$	1,594			$	547,422
Construction—speculative			1,417				—				15,163				21,314				—				37,894
Construction—non-speculative			9,841				2,767				—				9,219				—				21,827
Commercial real estate—owner occupied			382,111				159,653				78,087				84,116				—				703,967
Commercial real estate—non-owner occupied			888,777				214,901				105,121				77,341				—				1,286,140
Residential real estate (SFR 1-4)			129,730				10,215				3,107				16,236				—				159,288
Dairy and livestock			67,144				108,087				74,510				77,721				117				327,579
Agribusiness			4,969				3,306				806				—				—				9,081
Municipal lease finance receivables			72,432				20,237				11,124				1,974				—				105,767
Consumer			40,650				3,538				1,976				1,339				54				47,557
Auto and equipment leases			8,671				3,225				738				82				—				12,716
Total non-covered loans			1,953,017				657,115				335,098				312,243				1,765				3,259,238
Covered loans			52,637				72,803				31,689				63,354				76				220,559
Total loans excluding held-for-sale			2,005,654				729,918				366,787				375,597				1,841				3,479,797
Non-covered loans held-for-sale			—				—				—				—				—				—
Covered loans held-for-sale			—				—				—				—				—				—
Total gross loans		$	2,005,654			$	729,918			$	366,787			$	375,597			$	1,841			$	3,479,797
		December 31, 2011
		Pass				Watch List				Special Mention				Substandard				Doubtful & Loss				Total
		(Dollars in thousands)
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 and 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 and 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 Allowance for Credit Losses and Recorded Investment in Held-For-Investment Loans by Portfolio Segment

The following table presents the balance and activity in the allowance for credit losses; and the recorded investment in held-for-investment loans by portfolio segment and based upon our impairment method as of December 31, 2012 and 2011:

Allowance for Credit Losses and Recorded Investment in Financing Receivables

		As of and For the Year Ended December 31, 2012
		Commercial and Industrial				Construction				Real Estate				Municipal Lease Finance Receivables				Dairy and Livestock/ Agribusiness				Consumer, Auto & Other				Covered Loans (1)				Unallocated				Total
		(Dollars in thousands)
Allowance for loan losses:
Beginning balance, January 1, 2012		$	10,654			$	4,947			$	51,873			$	2,403			$	17,230			$	1,638			$	—			$	5,219			$	93,964
Charge-offs			(1,259	)			—				(2,515	)			—				(1,150	)			(283	)			(81	)			—				(5,288	)
Recoveries			1,280				1,139				406				—				166				36				738				—				3,765
Provision/reallocation of ALLL			977				(3,795	)			1,141				(815	)			2,450				(221	)			(657	)			920				—
Ending balance, December 31, 2012		$	11,652			$	2,291			$	50,905			$	1,588			$	18,696			$	1,170			$	—			$	6,139			$	92,441
Individually evaluated for impairment		$	289			$	—			$	436			$	—			$	1,596			$	11			$	—			$	—			$	2,332
Collectively evaluated for impairment		$	11,363			$	2,291			$	50,469			$	1,588			$	17,100			$	1,159			$	—			$	6,139			$	90,109
Loans and financing receivables (2):
Ending balance, December 31, 2012		$	547,422			$	59,721			$	2,149,395			$	105,767			$	336,660			$	60,273			$	195,215			$	—			$	3,454,453
Individually evaluated for impairment		$	3,689			$	30,533			$	56,981			$	263			$	16,709			$	215			$	—			$	—			$	108,390
Collectively evaluated for impairment		$	543,733			$	29,188			$	2,092,414			$	105,504			$	319,951			$	60,058			$	—			$	—			$	3,150,848
Acquired loans with deteriorated credit quality, net of discount		$	—			$	—			$	—			$	—			$	—			$	—			$	195,215			$	—			$	195,215
		As of and For the Year Ended December 31, 2011
		Commercial and Industrial				Construction				Real Estate				Municipal Lease Finance Receivables				Dairy and Livestock/ Agribusiness				Consumer, Auto & Other				Covered Loans (1)				Unallocated				Total
		(Dollars in thousands)
Allowance for loan losses:
Beginning balance, January 1, 2011		$	11,472			$	10,188			$	43,529			$	2,172			$	36,061			$	1,034			$	—			$	803			$	105,259
Charge-offs			(1,980	)			(7,976	)			(5,870	)			—				(3,291	)			(511	)			(893	)			—				(20,521	)
Recoveries			302				757				748				—				151				200				—				—				2,158
Provision/reallocation of ALLL			860				1,978				13,466				231				(15,643	)			867				893				4,416				7,068
Ending balance, December 31, 2011		$	10,654			$	4,947			$	51,873			$	2,403			$	17,278			$	1,590			$	—			$	5,219			$	93,964
Individually evaluated for impairment		$	165			$	—			$	1,339			$	—			$	1,371			$	93			$	—			$	—			$	2,968
Collectively evaluated for impairment		$	10,489			$	4,947			$	50,534			$	2,403			$	15,907			$	1,497			$	—			$	5,219			$	90,996
Loans and financing receivables (2):
Ending balance, December 31, 2011		$	494,299			$	76,146			$	2,124,734			$	113,460			$	347,677			$	68,806			$	256,869			$	—			$	3,481,991
Individually evaluated for impairment		$	4,954			$	33,402			$	52,141			$	—			$	10,251			$	478			$	—			$	—			$	101,226
Collectively evaluated for impairment		$	489,345			$	42,744			$	2,072,593			$	113,460			$	337,426			$	68,328			$	—			$	—			$	3,123,896
Acquired loans with deteriorated credit quality, net of discount		$	—			$	—			$	—			$	—			$	—			$	—			$	256,869			$	—			$	256,869

(1) Represents the allowance and related loan balance in accordance with ASC 310-30.

(2) Net of purchase accounting discount.

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

The following table presents the recorded investment in non-covered past due and nonaccrual loans and loans past due by class of loans as of December 31, 2012 and 2011:

Non-Covered Past Due and Nonaccrual Loans

		December 31, 2012
		30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due and Accruing				Total Past Due and Accruing				Nonaccrual				Current				Total Loans and Financing Receivables
		(Dollars in thousands)
Commercial and industrial		$	233			$	457			$	—			$	690			$	3,136			$	543,596			$	547,422
Construction—speculative			—				—				—				—				10,663				27,231				37,894
Construction—non-speculative			—				—				—				—				—				21,827				21,827
Commercial real estate—owner occupied			—				—				—				—				5,415				698,552				703,967
Commercial real estate—non-owner occupied			—				—				—				—				15,624				1,270,516				1,286,140
Residential real estate (SFR 1-4)			107				—				—				107				13,102				146,079				159,288
Dairy and livestock			—				—				—				—				9,842				317,737				327,579
Agribusiness			—				—				—				—				—				9,081				9,081
Municipal lease finance receivables			—				—				—				—				—				105,767				105,767
Consumer			74				8				—				82				215				47,260				47,557
Auto and equipment leases			8				—				—				8				—				12,708				12,716
Total non-covered loans excluding held-for-sale			422				465				—				887				57,997				3,200,354				3,259,238
Loans held-for-sale			—				—				—				—				—				—				—
Total		$	422			$	465			$	—			$	887			$	57,997			$	3,200,354			$	3,259,238
		December 31, 2011
		30-59 Days Past Due				60-89 Days Past Due				90+ Days Past Due and Accruing				Total Past Due and Accruing				Nonaccrual				Current				Total Loans and Financing Receivables
		(Dollars in thousands)
Commercial and 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 and 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 and 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			—				—				—				—				—				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

The following table presents held-for-investment and held-for-sale loans, individually evaluated for impairment by class of loans, as of December 31, 2012 and 2011:

Non-Covered Impaired Loans

		December 31, 2012
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	3,385			$	4,215			$	—			$	3,766			$	43
Construction—speculative			21,314				21,607				—				21,650				311
Construction—non-speculative			9,219				9,219				—				9,219				574
Commercial real estate—owner occupied			13,478				14,569				—				14,459				397
Commercial real estate—non-owner occupied			28,639				38,633				—				29,801				670
Residential real estate (SFR 1-4)			11,079				14,342				—				11,292				54
Dairy and livestock			12,406				13,756				—				11,834				173
Municipal lease finance receivables			263				263				—				443				5
Consumer			142				196				—				145				—
Auto and equipment leases			—				—				—				—				—
Total			99,925				116,800				—				102,609				2,227
With a related allowance recorded:
Commercial and industrial			304				327				289				387				—
Construction—speculative			—				—				—				—				—
Construction—non-speculative			—				—				—				—				—
Commercial real estate—owner occupied			19				19				2				28				—
Commercial real estate—non-owner occupied			—				—				—				—				—
Residential real estate (SFR 1-4)			3,766				4,071				434				3,363				—
Dairy and livestock			4,303				4,340				1,596				4,017				73
Municipal lease finance receivables			—				—				—				—				—
Consumer			73				74				11				75				—
Auto and equipment leases			—				—				—				—				—
Total			8,465				8,831				2,332				7,870				73
Total non-covered impaired loans		$	108,390			$	125,631			$	2,332			$	110,479			$	2,300

		December 31, 2011
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and 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 and livestock			8,879				10,358				—				10,535				446
Municipal lease finance receivables			—				—				—				—				—
Consumer			104				150				—				127				—
Auto and equipment leases			—				—				—				—				—
Total			90,022				106,021				—				95,339				2,225
With a related allowance recorded:
Commercial and 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 and livestock			1,372				3,324				1,372				2,402				—
Municipal lease finance receivables			—				—				—				—				—
Consumer			270				278				77				276				—
Auto and equipment leases			104				110				15				141				—
Total			11,204				13,476				2,968				12,326				—
Total non-covered impaired loans		$	101,226			$	119,497			$	2,968			$	107,665			$	2,225

Loans Modified as Troubled Debt Restructurings

The following are the loans modified as troubled debt restructurings for the years ended December 31, 2012 and 2011:

Modifications

		For the Year Ended December 31, 2012
		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Outstanding Recorded Investment at December 31, 2012
		(Dollars in thousands)
Commercial and industrial			9			$	2,381			$	2,381			$	1,883
Construction—speculative			1				10,966				10,966				10,663
Construction—non-speculative			—				—				—				—
Commercial real estate—owner occupied			6				4,225				4,225				3,903
Commercial real estate—non-owner occupied			5				9,284				9,284				8,662
Residential real estate (SFR 1-4)			1				399				399				398
Dairy and livestock			7				9,447				9,447				9,184
Municipal lease finance receivables			2				519				519				263
Total non-covered loans			31				37,221				37,221				34,956
Covered loans			1				905				905				891
Total gross loans			32			$	38,126			$	38,126			$	35,847
		For the Year Ended December 31, 2011
		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Outstanding Recorded Investment at December 31, 2011
		(Dollars in thousands)
Commercial and industrial			5			$	1,673			$	1,372			$	1,224
Construction—speculative			2				16,886				16,886				15,394
Construction—non-speculative			1				9,219				9,219				9,219
Commercial real estate—owner occupied			3				3,195				3,195				3,067
Commercial real estate—non-owner occupied			3				11,707				11,707				10,236
Residential real estate (SFR 1-4)			6				2,162				2,161				2,049
Dairy and livestock			5				11,750				11,750				8,662
Total non-covered loans			25				56,592				56,290				49,851
Covered loans			—				—				—				—
Total gross loans			25			$	56,592			$	56,290			$	49,851

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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- Definition

Schedule of loans held for sale activity.

+ References

No definition available.

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- 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.

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- 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=7512638&loc=SL6953423-111524

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- Definition

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=7512638&loc=SL6953659-111524



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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7880640&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 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



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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

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- Definition

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 34

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953682-111524



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953676-111524

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