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Portfolio Loans Not Covered by Loss Share ("Non-covered") (Tables) (Non-Covered Loans)
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6 Months Ended |
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Jun. 30, 2014
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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 |
at June 30, 2014, and December 31, 2013:
| | | | | | | | | (in thousands) | June 30, 2014 | | December 31, 2013 | Real Estate Loans: | | | | Construction and land development | $ | 137,043 |
| | $ | 117,032 |
| Commercial real estate - Investor owned | 386,088 |
| | 437,688 |
| Commercial real estate - Owner occupied | 369,383 |
| | 341,631 |
| Residential real estate | 173,964 |
| | 158,527 |
| Total real estate loans | $ | 1,066,478 |
| | $ | 1,054,878 |
| Commercial and industrial | 1,135,069 |
| | 1,041,576 |
| Consumer and other | 48,476 |
| | 39,838 |
| Portfolio loans | $ | 2,250,023 |
| | $ | 2,136,292 |
| Unearned loan costs, net | 1,079 |
| | 1,021 |
| Portfolio loans, including unearned loan costs | $ | 2,251,102 |
| | $ | 2,137,313 |
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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 Portfolio loans by class and category based on impairment method through June 30, 2014, and at December 31, 2013, 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 | | Total | Allowance for Loan Losses: | | | | | | | | | | | | | | Balance at
December 31, 2013 | $ | 12,246 |
| | $ | 4,096 |
| | $ | 6,600 |
| | $ | 2,136 |
| | $ | 2,019 |
| | $ | 192 |
| | $ | 27,289 |
| Provision charged to expense | 899 |
| | 589 |
| | (9 | ) | | (532 | ) | | 16 |
| | 64 |
| | 1,027 |
| Losses charged off | (474 | ) | | (336 | ) | | (250 | ) | | (305 | ) | | — |
| | (4 | ) | | (1,369 | ) | Recoveries | 187 |
| | 8 |
| | 34 |
| | 688 |
| | 41 |
| | — |
| | 958 |
| Balance at
March 31, 2014 | $ | 12,858 |
| | $ | 4,357 |
| | $ | 6,375 |
| | $ | 1,987 |
| | $ | 2,076 |
| | $ | 252 |
| | $ | 27,905 |
| Provision charged to expense | 3,068 |
| | (262 | ) | | (2,064 | ) | | 132 |
| | 412 |
| | 62 |
| | 1,348 |
| Losses charged off | (1,005 | ) | | (88 | ) | | — |
| | — |
| | — |
| | — |
| | (1,093 | ) | Recoveries | 154 |
| | 14 |
| | 19 |
| | 36 |
| | 39 |
| | — |
| | 262 |
| Balance at
June 30, 2014 | $ | 15,075 |
| | $ | 4,021 |
| | $ | 4,330 |
| | $ | 2,155 |
| | $ | 2,527 |
| | $ | 314 |
| | $ | 28,422 |
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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 | | Total | Balance June 30, 2014 | | | | | | | | | | | | | | Allowance for Loan Losses - Ending Balance: | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 1,178 |
| | $ | 298 |
| | $ | — |
| | $ | 375 |
| | $ | 10 |
| | $ | — |
| | $ | 1,861 |
| Collectively evaluated for impairment | 13,897 |
| | 3,723 |
| | 4,330 |
| | 1,780 |
| | 2,517 |
| | 314 |
| | 26,561 |
| Total | $ | 15,075 |
| | $ | 4,021 |
| | $ | 4,330 |
| | $ | 2,155 |
| | $ | 2,527 |
| | $ | 314 |
| | $ | 28,422 |
| Loans - Ending Balance: | | | | | | | |
| | | | | | | Individually evaluated for impairment | $ | 4,649 |
| | $ | 4,276 |
| | $ | 5,174 |
| | $ | 7,422 |
| | $ | 544 |
| | $ | — |
| | $ | 22,065 |
| Collectively evaluated for impairment | 1,130,420 |
| | 365,107 |
| | 380,914 |
| | 129,621 |
| | 173,420 |
| | 49,555 |
| | 2,229,037 |
| Total | $ | 1,135,069 |
| | $ | 369,383 |
| | $ | 386,088 |
| | $ | 137,043 |
| | $ | 173,964 |
| | $ | 49,555 |
| | $ | 2,251,102 |
| | | | | | | | | | | | | | | Balance at December 31, 2013 | | | | | | | | | | | | | | Allowance for Loan Losses - Ending Balance: | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 736 |
| | $ | 107 |
| | $ | — |
| | $ | 703 |
| | $ | 4 |
| | $ | — |
| | $ | 1,550 |
| Collectively evaluated for impairment | 11,510 |
| | 3,989 |
| | 6,600 |
| | 1,433 |
| | 2,015 |
| | 192 |
| | 25,739 |
| Total | $ | 12,246 |
| | $ | 4,096 |
| | $ | 6,600 |
| | $ | 2,136 |
| | $ | 2,019 |
| | $ | 192 |
| | $ | 27,289 |
| Loans - Ending Balance: | | | | | | | | | | | | | | Individually evaluated for impairment | $ | 3,380 |
| | $ | 606 |
| | $ | 6,811 |
| | $ | 9,484 |
| | $ | 559 |
| | $ | — |
| | $ | 20,840 |
| Collectively evaluated for impairment | 1,038,196 |
| | 341,025 |
| | 430,877 |
| | 107,548 |
| | 157,968 |
| | 40,859 |
| | 2,116,473 |
| Total | $ | 1,041,576 |
| | $ | 341,631 |
| | $ | 437,688 |
| | $ | 117,032 |
| | $ | 158,527 |
| | $ | 40,859 |
| | $ | 2,137,313 |
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| Summary of Non-covered Loans Individually Evaluated for Impairment by Category |
at June 30, 2014, and December 31, 2013, is as follows: | | | | | | | | | | | | | | | | | | June 30, 2014 | (in thousands) | Non-accrual | | Restructured | | Loans over 90 days past due and still accruing interest | | Total | Commercial & Industrial | $ | 4,103 |
| | $ | — |
| | $ | — |
| | $ | 4,103 |
| Real Estate: | | | | | | | | Commercial - Investor Owned | 4,693 |
| | 597 |
| | — |
| | 5,290 |
| Commercial - Owner Occupied | 1,559 |
| | 780 |
| | — |
| | 2,339 |
| Construction and Land Development | 7,919 |
| | — |
| | — |
| | 7,919 |
| Residential | 431 |
| | 125 |
| | — |
| | 556 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| Total | $ | 18,705 |
| | $ | 1,502 |
| | $ | — |
| | $ | 20,207 |
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| | | | | | | | | | | | | | | | | | December 31, 2013 | (in thousands) | Non-accrual | | Restructured | | Loans over 90 days past due and still accruing interest | | Total | Commercial & Industrial | $ | 3,384 |
| | $ | — |
| | $ | — |
| | $ | 3,384 |
| Real Estate: | | | | | | | | Commercial - Investor Owned | 6,511 |
| | 678 |
| | — |
| | 7,189 |
| Commercial - Owner Occupied | 622 |
| | — |
| | — |
| | 622 |
| Construction and Land Development | 9,802 |
| | — |
| | — |
| | 9,802 |
| Residential | 569 |
| | — |
| | — |
| | 569 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| Total | $ | 20,888 |
| | $ | 678 |
| | $ | — |
| | $ | 21,566 |
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at June 30, 2014, and December 31, 2013, is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2014 | (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 | $ | 6,229 |
| | $ | 4,059 |
| | $ | — |
| | $ | 4,059 |
| | $ | 933 |
| | $ | 4,315 |
| Real Estate: | | | | | | | | | | | | Commercial - Owner Occupied | 3,315 |
| | 778 |
| | 1,310 |
| | 2,088 |
| | 298 |
| | 1,229 |
| Commercial - Investor Owned | 5,174 |
| | — |
| | 5,174 |
| | 5,174 |
| | — |
| | 3,623 |
| Construction and Land Development | 7,917 |
| | 441 |
| | 6,981 |
| | 7,422 |
| | 375 |
| | 7,902 |
| Residential | 545 |
| | 31 |
| | 513 |
| | 544 |
| | 10 |
| | 540 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| | — |
| | 391 |
| Total | $ | 23,180 |
| | $ | 5,309 |
| | $ | 13,978 |
| | $ | 19,287 |
| | $ | 1,616 |
| | $ | 18,000 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | December 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 | $ | 4,377 |
| | $ | — |
| | $ | 3,384 |
| | $ | 3,384 |
| | $ | 736 |
| | $ | 6,574 |
| Real Estate: | | | | | | | | | | | | Commercial - Owner Occupied | 606 |
| | 201 |
| | 421 |
| | 622 |
| | 107 |
| | 1,868 |
| Commercial - Investor Owned | 8,033 |
| | 7,190 |
| | — |
| | 7,190 |
| | — |
| | 11,348 |
| Construction and Land Development | 10,668 |
| | 7,383 |
| | 2,419 |
| | 9,802 |
| | 703 |
| | 5,770 |
| Residential | 559 |
| | 348 |
| | 221 |
| | 569 |
| | 4 |
| | 1,930 |
| Consumer & Other | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total | $ | 24,243 |
| | $ | 15,122 |
| | $ | 6,445 |
| | $ | 21,567 |
| | $ | 1,550 |
| | $ | 27,490 |
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| Summary of Aging of Recorded Investment in Past Due Non-covered Loans by Portfolio Class and Category |
at June 30, 2014, and December 31, 2013, is shown below.
| | | | | | | | | | | | | | | | | | | | | | June 30, 2014 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 1,155 |
| | $ | — |
| | $ | 1,155 |
| | $ | 1,133,914 |
| | $ | 1,135,069 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 335 |
| | 1,155 |
| | 1,490 |
| | 367,893 |
| | 369,383 |
| Commercial - Investor Owned | — |
| | 4,577 |
| | 4,577 |
| | 381,511 |
| | 386,088 |
| Construction and Land Development | — |
| | 5,956 |
| | 5,956 |
| | 131,087 |
| | 137,043 |
| Residential | 600 |
| | 201 |
| | 801 |
| | 173,163 |
| | 173,964 |
| Consumer & Other | — |
| | — |
| | — |
| | 49,555 |
| | 49,555 |
| Total | $ | 2,090 |
| | $ | 11,889 |
| | $ | 13,979 |
| | $ | 2,237,123 |
| | $ | 2,251,102 |
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| | | | | | | | | | | | | | | | | | | | | | December 31, 2013 | (in thousands) | 30-89 Days Past Due | | 90 or More
Days Past Due | | Total Past Due | | Current | | Total | Commercial & Industrial | $ | 229 |
| | $ | — |
| | $ | 229 |
| | $ | 1,041,347 |
| | $ | 1,041,576 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | — |
| | 428 |
| | 428 |
| | 341,203 |
| | 341,631 |
| Commercial - Investor Owned | — |
| | 6,132 |
| | 6,132 |
| | 431,556 |
| | 437,688 |
| Construction and Land Development | 464 |
| | 7,344 |
| | 7,808 |
| | 109,224 |
| | 117,032 |
| Residential | 237 |
| | 213 |
| | 450 |
| | 158,077 |
| | 158,527 |
| Consumer & Other | — |
| | — |
| | — |
| | 40,859 |
| | 40,859 |
| Total | $ | 930 |
| | $ | 14,117 |
| | $ | 15,047 |
| | $ | 2,122,266 |
| | $ | 2,137,313 |
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| Summary of Recorded Investment by Risk Category of Non-covered Loans by Portfolio Class and Category |
at June 30, 2014, which is based upon the most recent analysis performed, and December 31, 2013 is as follows:
| | | | | | | | | | | | | | | | | | | | | | June 30, 2014 | (in thousands) | Pass (1-6) | | Watch (7) | | Substandard (8) | | Doubtful (9) | | Total | Commercial & Industrial | $ | 1,041,940 |
| | $ | 59,877 |
| | $ | 31,849 |
| | $ | 1,403 |
| | $ | 1,135,069 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 335,432 |
| | 23,989 |
| | 9,962 |
| | — |
| | 369,383 |
| Commercial - Investor Owned | 345,803 |
| | 26,570 |
| | 13,715 |
| | — |
| | 386,088 |
| Construction and Land Development | 108,462 |
| | 16,748 |
| | 11,392 |
| | 441 |
| | 137,043 |
| Residential | 157,245 |
| | 7,711 |
| | 9,008 |
| | — |
| | 173,964 |
| Consumer & Other | 49,145 |
| | 57 |
| | 353 |
| | — |
| | 49,555 |
| Total | $ | 2,038,027 |
| | $ | 134,952 |
| | $ | 76,279 |
| | $ | 1,844 |
| | $ | 2,251,102 |
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| | | | | | | | | | | | | | | | | | | | | | December 31, 2013 | (in thousands) | Pass (1-6) | | Watch (7) | | Substandard (8) | | Doubtful (9) | | Total | Commercial & Industrial | $ | 977,199 |
| | $ | 40,265 |
| | $ | 23,934 |
| | $ | 178 |
| | $ | 1,041,576 |
| Real Estate: | | | | | | | | | | Commercial - Owner Occupied | 306,321 |
| | 26,500 |
| | 8,810 |
| | — |
| | 341,631 |
| Commercial - Investor Owned | 368,433 |
| | 42,227 |
| | 27,028 |
| | — |
| | 437,688 |
| Construction and Land Development | 87,812 |
| | 17,175 |
| | 11,582 |
| | 463 |
| | 117,032 |
| Residential | 143,613 |
| | 8,240 |
| | 6,674 |
| | — |
| | 158,527 |
| Consumer & Other | 40,852 |
| | 3 |
| | 4 |
| | — |
| | 40,859 |
| Total | $ | 1,924,230 |
| | $ | 134,410 |
| | $ | 78,032 |
| | $ | 641 |
| | $ | 2,137,313 |
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