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Covered Assets and FDIC Loss Sharing Asset (Tables)
 12 Months Ended
Dec. 31, 2013
Text Block [Abstract]  
Summary of Components of Loan and Lease Finance Receivables

The following table provides a summary of the components of covered loan and lease finance receivables as of December 31, 2013 and 2012:

 

     December 31,
2013		     December 31,
2012		  
     (Dollars in thousands)  

Commercial and industrial

      $ 20,461        $ 26,149   

Real estate:

     

Commercial real estate

      141,141        179,428   

Construction

      644        1,579   

SFR mortgage

      313        1,415   

Dairy & livestock and agribusiness

      6,000        5,651   

Municipal lease finance receivables

      —          —     

Consumer and other loans

      4,545        6,337   
  

 

 

    

 

 

  

Gross covered loans

      173,104        220,559   

Less: Purchase accounting discount

      (12,789 )      (25,344 ) 
  

 

 

    

 

 

  

Gross covered loans, net of discount

      160,315        195,215   

Less: Allowance for covered loan losses

      —          —     
  

 

 

    

 

 

  

Net covered loans

      $       160,315        $       195,215   
  

 

 

    

 

 

  
Schedule Activity of Loans Held-for-Sale

The following table provides a summary of the activity related to covered loans held-for-sale for the years ended December 31, 2013, and 2012:

 

     For the Year Ended December 31,  
             2013                      2012          
     (Dollars in thousands)  

Balance, beginning of period

    $ —         $ 5,664   

Sales of other loans

      —           (3,745 ) 

Write-down of loans held for sale

      —           (1,219 ) 

Payment on other loans

      —           (700 ) 
  

 

 

     

 

 

  

Balance, end of period

    $ —         $ —     
  

 

 

     

 

 

  
Summary of Loans by Internal Risk Ratings

The following table summarizes covered loans by internal risk ratings as of December 31, 2013 and 2012:

 

     December 31,
2013		      December 31,
2012		  
     (Dollars in thousands)  

Pass

      $ 38,961         $ 52,637   

Watch list

      74,369         72,803   

Special mention

      15,492         31,689   

Substandard

      44,241         63,354   

Doubtful & loss

      41         76   
  

 

 

     

 

 

  

Total gross covered loans

      $         173,104         $         220,559   
  

 

 

     

 

 

  

 
Summary of Activity Related to Other Real Estate Owned

The following table summarizes the activity related to covered other real estate owned for the years ended December 31, 2013, and 2012:

 

     For the Year Ended December 31,  
         2013             2012      
     (Dollars in thousands)  

Balance, beginning of period

    $ 1,067      $ 9,782   

Additions

      1,492        1,738   

Dispositions

      (1,639 )      (9,867 ) 

Valuation adjustments

      (416 )      (586 ) 
  

 

 

    

 

 

  

Balance, end of period

    $ 504      $ 1,067   
  

 

 

    

 

 

  
Summary of Activity Related to FDIC Loss Sharing Asset

The following table summarizes the activity related to the FDIC loss sharing asset for the years ended December 31, 2013, and 2012:

 

     For the Year Ended December 31,  
           2013                 2012        
     (Dollars in thousands)  

Balance, beginning of period

    $ 18,489      $ 59,453   

FDIC share of additional losses, net of recoveries

      (81 )      1,111   

Cash received from FDIC, net of refund

      (4 )      (18,974 ) 

Net amortization (1)

      (12,779 )      (23,027 ) 

Other reductions, net

      (861 )      (74 ) 
  

 

 

    

 

 

  

Balance, end of period

    $ 4,764      $ 18,489   
  

 

 

    

 

 

  

 

(1) Net amortization included accelerated amortization as a result of loans being paid off in full, sold, or transferred to covered OREO.