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Portfolio Loans Not Covered by Loss Share ("Non-covered") (Tables) (Non-Covered Loans)
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3 Months Ended |
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Mar. 31, 2013
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Non-Covered Loans
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| Non-covered Loans [Line Items] |
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| Summary of Non-covered Loans by Category |
Below is a summary of Non-covered loans by category at March 31, 2013, and December 31, 2012: | | | | | | | | | (in thousands) | March 31, 2013 | | December 31, 2012 | Real Estate Loans: | | | | Construction and Land Development | $ | 156,221 |
| | $ | 160,911 |
| Commercial real estate - Investor Owned | 473,003 |
| | 486,467 |
| Commercial real estate - Owner Occupied | 339,086 |
| | 333,242 |
| Residential real estate | 148,228 |
| | 145,558 |
| Total real estate loans | $ | 1,116,538 |
| | $ | 1,126,178 |
| Commercial and industrial | 949,171 |
| | 962,884 |
| Consumer & other | 19,719 |
| | 16,966 |
| Portfolio Loans | $ | 2,085,428 |
| | $ | 2,106,028 |
| Unearned loan costs, net | 444 |
| | 11 |
| Portfolio loans, including unearned loan costs | $ | 2,085,872 |
| | $ | 2,106,039 |
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| Summary of Allowance for Loan Losses for Non-covered Loans by Portfolio Class and Category |
A summary of the year-to-date activity in the allowance for loan losses and the recorded investment in Non-covered loans by portfolio class and category based on impairment method through March 31, 2013, and at December 31, 2012, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Commercial & Industrial | | Commercial
Real Estate
Owner Occupied | | Commercial
Real Estate
Investor Owned | | Construction and Land Development | | Residential Real Estate | | Consumer & Other | | Qualitative Adjustment | | Total | Allowance for Loan Losses: | | | | | | | | | | | | | | | | Balance at
December 31, 2012 | $ | 10,064 |
| | $ | 4,192 |
| | $ | 10,403 |
| | $ | 5,239 |
| | $ | 2,026 |
| | $ | 31 |
| | $ | 2,375 |
| | $ | 34,330 |
| Provision charged to expense | 120 |
| | 179 |
| | 953 |
| | (127 | ) | | 675 |
| | 46 |
| | 7 |
| | 1,853 |
| Losses charged off | (206 | ) | | (312 | ) | | (3,052 | ) | | (190 | ) | | (986 | ) | | (34 | ) | | — |
| | (4,780 | ) | Recoveries | 298 |
| | 5 |
| | 336 |
| | 14 |
| | 396 |
| | — |
| | — |
| | 1,049 |
| Balance at
March 31, 2013 | $ | 10,276 |
| | $ | 4,064 |
| | $ | 8,640 |
| | $ | 4,936 |
| | $ | 2,111 |
| | $ | 43 |
| | $ | 2,382 |
| | $ | 32,452 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Commercial & Industrial | | Commercial
Real Estate
Owner Occupied | | Commercial
Real Estate
Investor Owned | | Construction and Land Development | | Residential Real Estate | | Consumer & Other | | Qualitative Adjustment | | Total | Balance March 31, 2013 | | | | | | | | | | | | | | | | Allowance for Loan Losses - Ending Balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 3,542 |
| | $ | 5 |
| | $ | 1,835 |
| | $ | 590 |
| | $ | 68 |
| | $ | — |
| | $ | — |
| | $ | 6,040 |
| Collectively evaluated for impairment | 6,734 |
| | 4,059 |
| | 6,805 |
| | 4,346 |
| | 2,043 |
| | 43 |
| | 2,382 |
| | 26,412 |
| Total | $ | 10,276 |
| | $ | 4,064 |
| | $ | 8,640 |
| | $ | 4,936 |
| | $ | 2,111 |
| | $ | 43 |
| | $ | 2,382 |
| | $ | 32,452 |
| Loans - Ending Balance: | | | | | | | |
| | | | | | | | | Individually evaluated for impairment | $ | 7,812 |
| | $ | 3,060 |
| | $ | 11,592 |
| | $ | 5,387 |
| | $ | 2,528 |
| | $ | — |
| | $ | — |
| | $ | 30,379 |
| Collectively evaluated for impairment | 941,359 |
| | 336,026 |
| | 461,411 |
| | 150,834 |
| | 145,700 |
| | 20,163 |
| | — |
| | 2,055,493 |
| Total | $ | 949,171 |
| | $ | 339,086 |
| | $ | 473,003 |
| | $ | 156,221 |
| | $ | 148,228 |
| | $ | 20,163 |
| | $ | — |
| | $ | 2,085,872 |
| | | | | | | | | | | | | | | | | Balance at December 31, 2012 | | | | | | | | | | | | | | | | Allowance for Loan Losses - Ending Balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 3,446 |
| | $ | 339 |
| | $ | 3,400 |
| | $ | 732 |
| | $ | 259 |
| | $ | — |
| | $ | — |
| | $ | 8,176 |
| Collectively evaluated for impairment | 6,618 |
| | 3,853 |
| | 7,003 |
| | 4,507 |
| | 1,767 |
| | 31 |
| | 2,375 |
| | 26,154 |
| Total | $ | 10,064 |
| | $ | 4,192 |
| | $ | 10,403 |
| | $ | 5,239 |
| | $ | 2,026 |
| | $ | 31 |
| | $ | 2,375 |
| | $ | 34,330 |
| Loans - Ending Balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 8,934 |
| | $ | 5,772 |
| | $ | 16,762 |
| | $ | 4,695 |
| | $ | 2,564 |
| | $ | — |
| | $ | — |
| | $ | 38,727 |
| Collectively evaluated for impairment | 953,950 |
| | 327,470 |
| | 469,705 |
| | 156,216 |
| | 142,994 |
| | 16,977 |
| | — |
| | 2,067,312 |
| Total | $ | 962,884 |
| | $ | 333,242 |
| | $ | 486,467 |
| | $ | 160,911 |
| | $ | 145,558 |
| | $ | 16,977 |
| | $ | — |
| | $ | 2,106,039 |
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| Summary of Non-covered Loans Individually Evaluated for Impairment by Category |
The recorded investment in non-accrual, restructured, and 90 days past due and still accruing interest Non-covered loans by category at March 31, 2013, and December 31, 2012, is as follows: | | | | | | | | | | | | | | | | | | March 31, 2013 | (in thousands) | Non-accrual | | Restructured | | Loans over 90 days past due and still accruing interest | | Total | Commercial & Industrial | $ | 7,807 |
| | $ | 5 |
| | $ | — |
| | $ | 7,812 |
| Real Estate: | | | | | | | | Commercial - Investor Owned | 11,592 |
| | — |
| | 1,843 |
| | 13,435 |
| Commercial - Owner Occupied | 3,060 |
| | — |
| | — |
| | 3,060 |
| Construction and Land Development | 5,387 |
| | — |
| | — |
| | 5,387 |
| Residential | 2,528 |
| | — |
| | — |
| | 2,528 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| Total | $ | 30,374 |
| | $ | 5 |
| | $ | 1,843 |
| | $ | 32,222 |
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| | | | | | | | | | | | | | | | | | December 31, 2012 | (in thousands) | Non-accrual | | Restructured | | Loans over 90 days past due and still accruing interest | | Total | Commercial & Industrial | $ | 8,929 |
| | $ | 5 |
| | $ | — |
| | $ | 8,934 |
| Real Estate: | | | | | | | | Commercial - Investor Owned | 16,762 |
| | — |
| | — |
| | 16,762 |
| Commercial - Owner Occupied | 5,772 |
| | — |
| | — |
| | 5,772 |
| Construction and Land Development | 3,260 |
| | 1,435 |
| | — |
| | 4,695 |
| Residential | 2,564 |
| | — |
| | — |
| | 2,564 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| Total | $ | 37,287 |
| | $ | 1,440 |
| | $ | — |
| | $ | 38,727 |
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A summary of Non-covered loans individually evaluated for impairment by category at March 31, 2013, and December 31, 2012, is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2013 | (in thousands) | Unpaid
Contractual
Principal Balance | | Recorded
Investment
With No Allowance | | Recorded
Investment
With Allowance | | Total
Recorded Investment | | Related Allowance | | Average
Recorded Investment | Commercial & Industrial | $ | 7,812 |
| | $ | 45 |
| | $ | 7,767 |
| | $ | 7,812 |
| | $ | 3,542 |
| | $ | 7,947 |
| Real Estate: | | | | | | | | | | | | Commercial - Owner Occupied | 4,014 |
| | 2,947 |
| | 113 |
| | 3,060 |
| | 5 |
| | 4,887 |
| Commercial - Investor Owned | 14,562 |
| | 5,358 |
| | 6,234 |
| | 11,592 |
| | 1,835 |
| | 13,353 |
| Construction and Land Development | 6,369 |
| | 1,541 |
| | 3,846 |
| | 5,387 |
| | 590 |
| | 5,271 |
| Residential | 3,246 |
| | 1,959 |
| | 569 |
| | 2,528 |
| | 68 |
| | 2,668 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 36,003 |
| | $ | 11,850 |
| | $ | 18,529 |
| | $ | 30,379 |
| | $ | 6,040 |
| | $ | 34,126 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | (in thousands) | Unpaid
Contractual
Principal Balance | | Recorded
Investment
With No Allowance | | Recorded
Investment
With Allowance | | Total
Recorded Investment | | Related Allowance | | Average
Recorded Investment | Commercial & Industrial | $ | 9,005 |
| | $ | 96 |
| | $ | 8,838 |
| | $ | 8,934 |
| | $ | 3,446 |
| | $ | 6,379 |
| Real Estate: | | | | | | | | | | | | Commercial - Owner Occupied | 6,726 |
| | 2,178 |
| | 3,594 |
| | 5,772 |
| | 339 |
| | 7,985 |
| Commercial - Investor Owned | 19,864 |
| | 185 |
| | 16,577 |
| | 16,762 |
| | 3,400 |
| | 10,500 |
| Construction and Land Development | 6,491 |
| | 1,560 |
| | 3,135 |
| | 4,695 |
| | 732 |
| | 10,259 |
| Residential | 3,132 |
| | 1,626 |
| | 938 |
| | 2,564 |
| | 259 |
| | 4,368 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 45,218 |
| | $ | 5,645 |
| | $ | 33,082 |
| | $ | 38,727 |
| | $ | 8,176 |
| | $ | 39,491 |
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| Summary of Recorded Investment by Category of Non-covered Loans Restructured |
The recorded investment by category for the Non-covered loans that have been restructured for the three months ended March 31, 2013, is as follows:
| | | | | | | | | | | | | Three months ended March 31, 2013 | (in thousands, except for number of loans) | Number of Loans | | Pre-Modification Outstanding Recorded Balance | | Post-Modification Outstanding Recorded Balance | Commercial & Industrial | 1 |
| | $ | 5 |
| | $ | 5 |
| Real Estate: | | | | | | Commercial - Owner Occupied | — |
| | — |
| | — |
| Commercial - Investor Owned | — |
| | — |
| | — |
| Construction and Land Development | — |
| | — |
| | — |
| Residential | — |
| | — |
| | — |
| Consumer & Other | — |
| | — |
| | — |
| Total | 1 |
| | $ | 5 |
| | $ | 5 |
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| Summary of Recorded Investment by Category of Non-covered Loans Restructured and Subsequently Defaulted |
There were no Non-covered loans that have been restructured and subsequently defaulted in the three months ended March 31, 2013.
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| Summary of Aging of Recorded Investment in Past Due Non-covered Loans by Portfolio Class and Category |
The aging of the recorded investment in past due Non-covered loans by portfolio class and category at March 31, 2013, and December 31, 2012, is shown below.
| | | | | | | | | | | | | | | | | | | | | | March 31, 2013 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 1,414 |
| | $ | — |
| | $ | 1,414 |
| | $ | 947,757 |
| | $ | 949,171 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 2,018 |
| | 1,307 |
| | 3,325 |
| | 335,761 |
| | 339,086 |
| Commercial - Investor Owned | 1,179 |
| | 11,678 |
| | 12,857 |
| | 460,146 |
| | 473,003 |
| Construction and Land Development | 343 |
| | 2,524 |
| | 2,867 |
| | 153,354 |
| | 156,221 |
| Residential | 78 |
| | 682 |
| | 760 |
| | 147,468 |
| | 148,228 |
| Consumer & Other | — |
| | — |
| | — |
| | 20,163 |
| | 20,163 |
| Total | $ | 5,032 |
| | $ | 16,191 |
| | $ | 21,223 |
| | $ | 2,064,649 |
| | $ | 2,085,872 |
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| | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 14 |
| | $ | — |
| | $ | 14 |
| | $ | 962,870 |
| | $ | 962,884 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 1,352 |
| | 2,081 |
| | 3,433 |
| | 329,809 |
| | 333,242 |
| Commercial - Investor Owned | — |
| | 4,045 |
| | 4,045 |
| | 482,422 |
| | 486,467 |
| Construction and Land Development | 1,201 |
| | 1,559 |
| | 2,760 |
| | 158,151 |
| | 160,911 |
| Residential | 616 |
| | 593 |
| | 1,209 |
| | 144,349 |
| | 145,558 |
| Consumer & Other | 34 |
| | — |
| | 34 |
| | 16,943 |
| | 16,977 |
| Total | $ | 3,217 |
| | $ | 8,278 |
| | $ | 11,495 |
| | $ | 2,094,544 |
| | $ | 2,106,039 |
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| Summary of Recorded Investment by Risk Category of Non-covered Loans by Portfolio Class and Category |
The recorded investment by risk category of the Non-covered loans by portfolio class and category at March 31, 2013, which is based upon the most recent analysis performed, and December 31, 2012 is as follows: | | | | | | | | | | | | | | | | | | | | | | March 31, 2013 | (in thousands) | Pass (1-6) | | Watch (7) | | Substandard (8) | | Doubtful (9) | | Total | Commercial & Industrial | $ | 886,837 |
| | $ | 45,853 |
| | $ | 15,240 |
| | $ | 1,241 |
| | $ | 949,171 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 295,426 |
| | 29,282 |
| | 14,220 |
| | 158 |
| | 339,086 |
| Commercial - Investor Owned | 383,856 |
| | 60,182 |
| | 28,965 |
| | — |
| | 473,003 |
| Construction and Land Development | 114,896 |
| | 14,684 |
| | 26,151 |
| | 490 |
| | 156,221 |
| Residential | 129,784 |
| | 7,752 |
| | 10,692 |
| | — |
| | 148,228 |
| Consumer & Other | 20,158 |
| | 5 |
| | — |
| | — |
| | 20,163 |
| Total | $ | 1,830,957 |
| | $ | 157,758 |
| | $ | 95,268 |
| | $ | 1,889 |
| | $ | 2,085,872 |
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| | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | (in thousands) | Pass (1-6) | | Watch (7) | | Substandard (8) | | Doubtful (9) | | Total | Commercial & Industrial | $ | 912,766 |
| | $ | 29,524 |
| | $ | 18,546 |
| | $ | 2,048 |
| | $ | 962,884 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 290,850 |
| | 26,336 |
| | 15,898 |
| | 158 |
| | 333,242 |
| Commercial - Investor Owned | 389,886 |
| | 64,707 |
| | 31,874 |
| | — |
| | 486,467 |
| Construction and Land Development | 124,857 |
| | 9,543 |
| | 26,012 |
| | 499 |
| | 160,911 |
| Residential | 130,159 |
| | 5,921 |
| | 9,478 |
| | — |
| | 145,558 |
| Consumer & Other | 16,972 |
| | 5 |
| | — |
| | — |
| | 16,977 |
| Total | $ | 1,865,490 |
| | $ | 136,036 |
| | $ | 101,808 |
| | $ | 2,705 |
| | $ | 2,106,039 |
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