| Summary of Covered Loans by Category |
Below is a summary of Covered loans by category at March 31, 2013, and December 31, 2012: | | | | | | | | | | | | March 31, 2013 | | December 31, 2012 | (in thousands) | Weighted- Average Risk Rating | Recorded Investment Covered Loans | | Weighted- Average Risk Rating | Recorded Investment Covered Loans | Real Estate Loans: | | | | | | Construction and Land Development | 7.13 |
| $27,026 |
| | 7.06 |
| $30,537 |
| Commercial real estate - Investor Owned | 6.42 | 54,401 |
| | 6.08 | 57,602 |
| Commercial real estate - Owner Occupied | 6.73 | 45,973 |
| | 6.65 | 47,140 |
| Residential real estate | 5.75 | 40,504 |
| | 5.68 | 42,531 |
| Total real estate loans | |
| $167,904 |
| | |
| $177,810 |
| Commercial and industrial | 6.78 | 13,790 |
| | 6.57 | 22,034 |
| Consumer & other | 4.34 | 1,128 |
| | 4.19 | 1,274 |
| Portfolio Loans | |
| $182,822 |
| | |
| $201,118 |
|
|
| Summary of Aging of the Recorded Investment in Past Due Covered Loans by Portfolio Class and Category |
The aging of the recorded investment in past due 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 | $ | 1,622 |
| | $ | 1,718 |
| | $ | 3,340 |
| | $ | 10,450 |
| | $ | 13,790 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 478 |
| | 5,416 |
| | 5,894 |
| | 40,079 |
| | 45,973 |
| Commercial - Investor Owned | 3,420 |
| | 1,224 |
| | 4,644 |
| | 49,757 |
| | 54,401 |
| Construction and Land Development | 2,190 |
| | 11,598 |
| | 13,788 |
| | 13,238 |
| | 27,026 |
| Residential | 617 |
| | 2,296 |
| | 2,913 |
| | 37,591 |
| | 40,504 |
| Consumer & Other | — |
| | — |
| | — |
| | 1,128 |
| | 1,128 |
| Total | $ | 8,327 |
| | $ | 22,252 |
| | $ | 30,579 |
| | $ | 152,243 |
| | $ | 182,822 |
|
| | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 319 |
| | $ | 3,925 |
| | $ | 4,244 |
| | $ | 17,790 |
| | $ | 22,034 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 887 |
| | 5,144 |
| | 6,031 |
| | 41,109 |
| | 47,140 |
| Commercial - Investor Owned | 308 |
| | 665 |
| | 973 |
| | 56,629 |
| | 57,602 |
| Construction and Land Development | 36 |
| | 13,532 |
| | 13,568 |
| | 16,969 |
| | 30,537 |
| Residential | 1,232 |
| | 2,907 |
| | 4,139 |
| | 38,392 |
| | 42,531 |
| Consumer & Other | 1 |
| | 2 |
| | 3 |
| | 1,271 |
| | 1,274 |
| Total | $ | 2,783 |
| | $ | 26,175 |
| | $ | 28,958 |
| | $ | 172,160 |
| | $ | 201,118 |
|
|
| Summary of Changes in Accretable Yield for Purchased Loans |
Changes in the accretable yield for purchased loans were as follows for the three months ended March 31, 2013, and 2012: | | | | | | | | | (in thousands) | March 31,
2013 | | March 31,
2012 | Balance at beginning of period | $ | 78,768 |
| | $ | 63,335 |
| Accretion | (7,112 | ) | | (7,082 | ) | Disposals | (5,956 | ) | | (1,315 | ) | Reclassifications from nonaccretable difference | 599 |
| | 45,386 |
| Other | — |
| | 322 |
| Balance at end of period | $ | 66,299 |
| | $ | 100,646 |
|
|