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Portfolio Loans Not Covered by Loss Share ("Non-covered") (Tables) (Non-Covered Loans)
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9 Months Ended |
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Sep. 30, 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 September 30, 2013, and December 31, 2012: | | | | | | | | | (in thousands) | September 30, 2013 | | December 31, 2012 | Real Estate Loans: | | | | Construction and Land Development | $ | 114,608 |
| | $ | 160,911 |
| Commercial real estate - Investor Owned | 451,102 |
| | 486,467 |
| Commercial real estate - Owner Occupied | 350,653 |
| | 333,242 |
| Residential real estate | 150,320 |
| | 145,558 |
| Total real estate loans | $ | 1,066,683 |
| | $ | 1,126,178 |
| Commercial and industrial | 1,007,398 |
| | 962,884 |
| Consumer & other | 35,862 |
| | 16,966 |
| Portfolio Loans | $ | 2,109,943 |
| | $ | 2,106,028 |
| Unearned loan costs, net | 882 |
| | 11 |
| Portfolio loans, including unearned loan costs | $ | 2,110,825 |
| | $ | 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 September 30, 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 |
| Provision charged to expense | (320 | ) | | (139 | ) | | (2,273 | ) | | (998 | ) | | (299 | ) | | 1 |
| | (267 | ) | | (4,295 | ) | Losses charged off | (400 | ) | | (32 | ) | | (176 | ) | | (144 | ) | | — |
| | — |
| | — |
| | (752 | ) | Recoveries | 118 |
| | 17 |
| | 24 |
| | 21 |
| | 34 |
| | — |
| | — |
| | 214 |
| Balance at
June 30, 2013 | $ | 9,674 |
| | $ | 3,910 |
| | $ | 6,215 |
| | $ | 3,815 |
| | $ | 1,846 |
| | $ | 44 |
| | $ | 2,115 |
| | $ | 27,619 |
| Provision charged to expense | 117 |
| | (233 | ) | | (276 | ) | | (1,291 | ) | | (612 | ) | | 19 |
| | 1,624 |
| | (652 | ) | Losses charged off | (1,817 | ) | | (56 | ) | | (504 | ) | | (85 | ) | | (52 | ) | | — |
| | — |
| | (2,514 | ) | Recoveries | 906 |
| | 14 |
| | 360 |
| | 385 |
| | 481 |
| | — |
| | — |
| | 2,146 |
| Balance at
September 30, 2013 | $ | 8,880 |
| | $ | 3,635 |
| | $ | 5,795 |
| | $ | 2,824 |
| | $ | 1,663 |
| | $ | 63 |
| | $ | 3,739 |
| | $ | 26,599 |
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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 September 30, 2013 | | | | | | | | | | | | | | | | Allowance for Loan Losses - Ending Balance: | | | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 2,610 |
| | $ | — |
| | $ | 973 |
| | $ | 712 |
| | $ | 11 |
| | $ | — |
| | $ | — |
| | $ | 4,306 |
| Collectively evaluated for impairment | 6,270 |
| | 3,635 |
| | 4,822 |
| | 2,112 |
| | 1,652 |
| | 63 |
| | 3,739 |
| | 22,293 |
| Total | $ | 8,880 |
| | $ | 3,635 |
| | $ | 5,795 |
| | $ | 2,824 |
| | $ | 1,663 |
| | $ | 63 |
| | $ | 3,739 |
| | $ | 26,599 |
| Loans - Ending Balance: | | | | | | | |
| | | | | | | | | Individually evaluated for impairment | $ | 5,974 |
| | $ | 191 |
| | $ | 10,830 |
| | $ | 6,499 |
| | $ | 675 |
| | $ | — |
| | $ | — |
| | $ | 24,169 |
| Collectively evaluated for impairment | 1,001,424 |
| | 350,462 |
| | 440,272 |
| | 108,109 |
| | 149,645 |
| | 36,744 |
| | — |
| | 2,086,656 |
| Total | $ | 1,007,398 |
| | $ | 350,653 |
| | $ | 451,102 |
| | $ | 114,608 |
| | $ | 150,320 |
| | $ | 36,744 |
| | $ | — |
| | $ | 2,110,825 |
| | | | | | | | | | | | | | | | | 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 |
A summary of Non-covered loans individually evaluated for impairment by category at September 30, 2013, and December 31, 2012, is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 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 | $ | 6,333 |
| | $ | 1,441 |
| | $ | 4,642 |
| | $ | 6,083 |
| | $ | 2,610 |
| | $ | 7,379 |
| Real Estate: | | | | | | | | | | | | Commercial - Owner Occupied | 191 |
| | 195 |
| | — |
| | 195 |
| | — |
| | 2,381 |
| Commercial - Investor Owned | 11,969 |
| | 4,960 |
| | 6,158 |
| | 11,118 |
| | 973 |
| | 12,346 |
| Construction and Land Development | 7,206 |
| | 4,278 |
| | 2,389 |
| | 6,667 |
| | 712 |
| | 5,165 |
| Residential | 700 |
| | 460 |
| | 227 |
| | 687 |
| | 11 |
| | 2,361 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 26,399 |
| | $ | 11,334 |
| | $ | 13,416 |
| | $ | 24,750 |
| | $ | 4,306 |
| | $ | 29,632 |
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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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The recorded investment in non-accrual, restructured, and 90 days past due and still accruing interest Non-covered loans by category at September 30, 2013, and December 31, 2012, is as follows: | | | | | | | | | | | | | | | | | | September 30, 2013 | (in thousands) | Non-accrual | | Restructured | | Loans over 90 days past due and still accruing interest | | Total | Commercial & Industrial | $ | 6,083 |
| | $ | — |
| | $ | — |
| | $ | 6,083 |
| Real Estate: | | | | | | | | Commercial - Investor Owned | 11,118 |
| | — |
| | — |
| | 11,118 |
| Commercial - Owner Occupied | 195 |
| | — |
| | — |
| | 195 |
| Construction and Land Development | 6,667 |
| | — |
| | — |
| | 6,667 |
| Residential | 687 |
| | — |
| | — |
| | 687 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| Total | $ | 24,750 |
| | $ | — |
| | $ | — |
| | $ | 24,750 |
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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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| 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 September 30, 2013, and December 31, 2012, is shown below.
| | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 445 |
| | $ | 1,337 |
| | $ | 1,782 |
| | $ | 1,005,616 |
| | $ | 1,007,398 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 442 |
| | 190 |
| | 632 |
| | 350,021 |
| | 350,653 |
| Commercial - Investor Owned | 1,025 |
| | 6,842 |
| | 7,867 |
| | 443,235 |
| | 451,102 |
| Construction and Land Development | — |
| | 2,210 |
| | 2,210 |
| | 112,398 |
| | 114,608 |
| Residential | — |
| | 320 |
| | 320 |
| | 150,000 |
| | 150,320 |
| Consumer & Other | 3 |
| | — |
| | 3 |
| | 36,741 |
| | 36,744 |
| Total | $ | 1,915 |
| | $ | 10,899 |
| | $ | 12,814 |
| | $ | 2,098,011 |
| | $ | 2,110,825 |
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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 September 30, 2013, which is based upon the most recent analysis performed, and December 31, 2012 is as follows: | | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | (in thousands) | Pass (1-6) | | Watch (7) | | Substandard (8) | | Doubtful (9) | | Total | Commercial & Industrial | $ | 948,844 |
| | $ | 35,321 |
| | $ | 22,858 |
| | $ | 375 |
| | $ | 1,007,398 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 315,715 |
| | 20,862 |
| | 14,076 |
| | — |
| | 350,653 |
| Commercial - Investor Owned | 381,553 |
| | 43,654 |
| | 25,895 |
| | — |
| | 451,102 |
| Construction and Land Development | 81,799 |
| | 17,385 |
| | 14,951 |
| | 473 |
| | 114,608 |
| Residential | 135,455 |
| | 7,282 |
| | 7,583 |
| | — |
| | 150,320 |
| Consumer & Other | 36,740 |
| | 4 |
| | — |
| | — |
| | 36,744 |
| Total | $ | 1,900,106 |
| | $ | 124,508 |
| | $ | 85,363 |
| | $ | 848 |
| | $ | 2,110,825 |
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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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