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Covered Assets and FDIC Loss Sharing Asset (Tables)
 3 Months Ended
Mar. 31, 2014
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 March 31, 2014 and December 31, 2013:

 

    March 31, 2014     December 31, 2013  
    (Dollars in thousands)  

Commercial and industrial

   $ 18,582      $ 20,461  

Real estate:

    

Commercial real estate

     132,052        141,141  

Construction

     —          644  

SFR mortgage

     305        313  

Dairy & livestock and agribusiness

     1,054        6,000  

Municipal lease finance receivables

     —          —     

Consumer and other loans

     4,473        4,545  
 

 

 

    

 

 

  

Gross covered loans

     156,466        173,104  

Less: Purchase accounting discount

     (11,153 )      (12,789 )
 

 

 

    

 

 

  

Gross covered loans, net of discount

     145,313        160,315  

Less: Allowance for covered loan losses

     —          —     
 

 

 

    

 

 

  

Net covered loans

   $ 145,313      $ 160,315  
 

 

 

    

 

 
Summary of Loans by Internal Risk Ratings

The following table summarizes covered loans by internal risk ratings as of March 31, 2014 and December 31, 2013:

 

    March 31, 2014     December 31, 2013  
    (Dollars in thousands)  

Pass

   $ 35,744      $ 38,961   

Watch list

     67,079        74,369   

Special mention

     15,411        15,492   

Substandard

     38,193        44,241   

Doubtful & loss

     39        41   
 

 

 

    

 

 

  

Total covered gross loans

   $ 156,466      $ 173,104