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Covered Assets and FDIC Loss Sharing Asset (Tables)
 9 Months Ended
Sep. 30, 2014
Text Block [Abstract]  
Summary of Components of Covered Loan and Lease Finance Receivables

The following table provides a summary of the components of covered loan and lease finance receivables:

 

     September 30, 2014     December 31, 2013  
     (Dollars in thousands)  

Commercial and industrial

    $ 16,877      $ 20,461   

Real estate:

     

Commercial real estate

      116,854        141,141   

Construction

      —          644   

SFR mortgage

      211        313   

Dairy & livestock and agribusiness

      3,270        6,000   

Municipal lease finance receivables

      —          —     

Consumer and other loans

      3,392        4,545   
  

 

 

    

 

 

  

Gross covered loans

      140,604        173,104   

Less: Purchase accounting discount

      (8,253 )      (12,789 ) 
  

 

 

    

 

 

  

Gross covered loans, net of discount

      132,351        160,315   

Less: Allowance for covered loan losses

      —          —     
  

 

 

    

 

 

  

Net covered loans

    $ 132,351      $ 160,315   
  

 

 

    

 

 

  
Summary of Covered Loans by Internal Risk Ratings

The following table summarizes covered loans by internal risk ratings:

 

     September 30, 2014      December 31, 2013  
     (Dollars in thousands)  

Pass

    $ 26,503       $ 38,961   

Watch list

      79,635         74,369   

Special mention

      6,542         15,492   

Substandard

      27,924         44,241   

Doubtful & loss

      —           41   
  

 

 

     

 

 

  

Total covered gross loans

    $ 140,604       $ 173,104