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Loans Receivable and Allowance for Loan Losses (Tables) | 12 Months Ended
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Dec. 31, 2013
Receivables [Abstract] |
Summary of Loans Receivable by Major Category | The following is a summary of loans by major category at December 31, 2013 and 2012:
| December 31, 2013 |  | December 31, 2012
| (In thousands)
Loan portfolio composition |  |  |
Real estate loans: |  |  |
Residential | $ | 10,039 |  |  | $ | 9,247 |
Commercial & industrial | 3,821,163 |  |  | 3,100,466 |
Construction | 72,856 |  |  | 65,045 |
Total real estate loans | 3,904,058 |  |  | 3,174,758 |
Commercial business | 949,093 |  |  | 921,556 |
Trade finance | 124,685 |  |  | 152,070 |
Consumer and other | 98,507 |  |  | 49,954 |
Total loans outstanding | 5,076,343 |  |  | 4,298,338 |
Less: deferred loan fees | (2,168 | ) |  | (2,086 | )
Gross loans receivable | 5,074,175 |  |  | 4,296,252 |
Less: allowance for loan losses | (67,320 | ) |  | (66,941 | )
Loans receivable, net | $ | 5,006,855 |  |  | $ | 4,229,311 |
Loans and Leases Acquired, Accretable Yield Movement Schedule | The following table presents changes in the accretable discount on the ACILs for the years ended December 31, 2013 and 2012:
| Year Ended December 31,
| 2013 |  | 2012
Balance at beginning of period | $ | 18,652 |  |  | $ | 31,999 |
Additions due to mergers and acquisitions | 19,873 |  |  | — |
Accretion | (15,590 | ) |  | (14,135 | )
Changes in expected cash flows | 24,463 |  |  | 788 |
Balance at end of period | $ | 47,398 |  |  | $ | 18,652 |
Allowance for Loan Losses by Portfolio Segment | The following tables detail the activity in the allowance for loan losses by portfolio segment for the year ended December 31, 2013 and 2012:
| Legacy |  | Acquired |  | Total
| Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |  | Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |
| (In thousands)
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 39,040 |  |  | $ | 20,681 |  |  | $ | 1,786 |  |  | $ | 445 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 61,952 |
Provision for loan losses | 7,098 |  |  | 3,700 |  |  | 403 |  |  | 673 |  |  | 4,824 |  |  | 1,903 |  |  | 303 |  |  | 200 |  |  | 19,104 |
Loans charged off | (6,770 | ) |  | (9,406 | ) |  | — |  |  | (568 | ) |  | (411 | ) |  | (945 | ) |  | (300 | ) |  | (380 | ) |  | (18,780 | )
Recoveries of charged offs | 2,137 |  |  | 1,515 |  |  | 160 |  |  | 108 |  |  | 305 |  |  | 157 |  |  | — |  |  | 283 |  |  | 4,665 |
Balance, end of period | $ | 41,505 |  |  | $ | 16,490 |  |  | $ | 2,349 |  |  | $ | 658 |  |  | $ | 4,718 |  |  | $ | 1,115 |  |  | $ | 3 |  |  | $ | 103 |  |  | $ | 66,941 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period | 41,505 |  |  | 16,490 |  |  | 2,349 |  |  | 658 |  |  | 4,718 |  |  | 1,115 |  |  | 3 |  |  | 103 |  |  | 66,941 |
Provision (credit) for loan losses | 665 |  |  | 2,491 |  |  | 7,517 |  |  | 169 |  |  | 7,880 |  |  | 1,319 |  |  | (3 | ) |  | (38 | ) |  | 20,000 |
Loans charged off | (2,406 | ) |  | (4,022 | ) |  | (7,213 | ) |  | (524 | ) |  | (6,123 | ) |  | (1,738 | ) |  | — |  |  | (43 | ) |  | (22,069 | )
Recoveries of charged offs | 304 |  |  | 1,837 |  |  | — |  |  | 158 |  |  | 7 |  |  | 100 |  |  | — |  |  | 42 |  |  | 2,448 |
Balance, end of period | $ | 40,068 |  |  | $ | 16,796 |  |  | $ | 2,653 |  |  | $ | 461 |  |  | $ | 6,482 |  |  | $ | 796 |  |  | $ | — |  |  | $ | 64 |  |  | $ | 67,320 |
The following tables disaggregate the allowance for loan losses and the carrying value of loans receivables by impairment methodology at December 31, 2013 and December 31, 2012:
| December 31, 2013
| Legacy |  | Acquired |  | Total
| Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |  | Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |
| (In thousands)
Allowance for loan losses:
Individually evaluated for impairment | $ | 5,578 |  |  | $ | 5,183 |  |  | $ | 159 |  |  | $ | 32 |  |  | $ | 1,092 |  |  | $ | 622 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,666 |
Collectively evaluated for impairment | 34,490 |  |  | 11,613 |  |  | 2,494 |  |  | 429 |  |  | 612 |  |  | 174 |  |  | — |  |  | 64 |  |  | 49,876 |
Loans acquired with credit deterioration | — |  |  | — |  |  | — |  |  | — |  |  | 4,778 |  |  | — |  |  | — |  |  | — |  |  | 4,778 |
Total | $ | 40,068 |  |  | $ | 16,796 |  |  | $ | 2,653 |  |  | $ | 461 |  |  | $ | 6,482 |  |  | $ | 796 |  |  | $ | — |  |  | $ | 64 |  |  | $ | 67,320 |
Loans outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 49,177 |  |  | $ | 37,314 |  |  | $ | 5,692 |  |  | $ | 535 |  |  | $ | 19,992 |  |  | $ | 2,792 |  |  | $ | — |  |  | $ | 767 |  |  | $ | 116,269 |
Collectively evaluated for impairment | 3,076,924 |  |  | 778,350 |  |  | 117,249 |  |  | 32,421 |  |  | 613,696 |  |  | 84,325 |  |  | — |  |  | 31,802 |  |  | 4,734,767 |
Loans acquired with credit deterioration | — |  |  | — |  |  | — |  |  | — |  |  | 144,269 |  |  | 46,312 |  |  | 1,744 |  |  | 32,982 |  |  | 225,307 |
Total | $ | 3,126,101 |  |  | $ | 815,664 |  |  | $ | 122,941 |  |  | $ | 32,956 |  |  | $ | 777,957 |  |  | $ | 133,429 |  |  | $ | 1,744 |  |  | $ | 65,551 |  |  | $ | 5,076,343 |
| December 31, 2012
| Legacy |  | Acquired |  | Total
| Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |  | Real Estate |  | Commercial Business |  | Trade Finance |  | Consumer and Other |
| (In thousands)
Allowance for loan losses:
Individually evaluated for impairment | $ | 4,723 |  |  | $ | 3,084 |  |  | $ | 96 |  |  | $ | — |  |  | $ | 183 |  |  | $ | 1,074 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,160 |
Collectively evaluated for impairment | 36,782 |  |  | 13,406 |  |  | 2,253 |  |  | 658 |  |  | — |  |  | 41 |  |  | 3 |  |  | 103 |  |  | 53,246 |
Loans acquired with credit deterioration | — |  |  | — |  |  | — |  |  | — |  |  | 4,535 |  |  | — |  |  | — |  |  | — |  |  | 4,535 |
Total | $ | 41,505 |  |  | $ | 16,490 |  |  | $ | 2,349 |  |  | $ | 658 |  |  | $ | 4,718 |  |  | $ | 1,115 |  |  | $ | 3 |  |  | $ | 103 |  |  | $ | 66,941 |
Loans outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 37,394 |  |  | $ | 23,951 |  |  | $ | 6,199 |  |  | $ | 536 |  |  | $ | 17,951 |  |  | $ | 3,323 |  |  | $ | — |  |  | $ | 802 |  |  | $ | 90,156 |
Collectively evaluated for impairment | 2,387,080 |  |  | 729,904 |  |  | 144,173 |  |  | 27,284 |  |  | 628,449 |  |  | 114,621 |  |  | 242 |  |  | 18,257 |  |  | 4,050,010 |
Loans acquired with credit deterioration | — |  |  | — |  |  | — |  |  | — |  |  | 103,884 |  |  | 49,757 |  |  | 1,456 |  |  | 3,075 |  |  | 158,172 |
Total | $ | 2,424,474 |  |  | $ | 753,855 |  |  | $ | 150,372 |  |  | $ | 27,820 |  |  | $ | 750,284 |  |  | $ | 167,701 |  |  | $ | 1,698 |  |  | $ | 22,134 |  |  | $ | 4,298,338 |
Impaired Financing Receivables | The following tables detail impaired loans (Legacy and Acquired) by portfolio segment as of December 31, 2013 and December 31, 2012 and for the years ended December 31, 2013 and 2012. Loans with no related allowance for loan losses are believed by management to have adequate collateral securing their carrying value.
|  | As of December 31, 2013 |  | For the year ended December 31, 2013
Total Impaired Loans |  | Recorded Investment* |  | Unpaid Contractual Principal Balance |  | Related Allowance |  | Average Recorded Investment* |  | Interest Income Recognized during Impairment
|  | (In thousands)
With Related Allowance: |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 7,318 |  |  | 7,451 |  |  | 827 |  |  | 7,783 |  |  | 181 |
Hotel & Motel |  | 11,920 |  |  | 12,744 |  |  | 2,841 |  |  | 11,432 |  |  | 550 |
Gas Station & Car Wash |  | 3,145 |  |  | 3,236 |  |  | 519 |  |  | 2,090 |  |  | 117 |
Mixed Use |  | 930 |  |  | 953 |  |  | 212 |  |  | 1,108 |  |  | 43 |
Industrial & Warehouse |  | 12,398 |  |  | 12,470 |  |  | 810 |  |  | 9,496 |  |  | 323 |
Other |  | 10,262 |  |  | 10,351 |  |  | 1,461 |  |  | 9,826 |  |  | 405 |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial Business |  | 34,663 |  |  | 36,472 |  |  | 5,805 |  |  | 27,010 |  |  | 1,572 |
Trade Finance |  | 5,600 |  |  | 5,628 |  |  | 159 |  |  | 5,313 |  |  | 41 |
Consumer and Other |  | 535 |  |  | 535 |  |  | 32 |  |  | 348 |  |  | 23 |
|  | $ | 86,771 |  |  | $ | 89,840 |  |  | $ | 12,666 |  |  | $ | 74,406 |  |  | $ | 3,255 |
With No Related Allowance |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 4,025 |  |  | 6,591 |  |  | — |  |  | 3,428 |  |  | 45 |
Hotel & Motel |  | 6,502 |  |  | 10,498 |  |  | — |  |  | 6,304 |  |  | — |
Gas Station & Car Wash |  | 4,845 |  |  | 8,273 |  |  | — |  |  | 3,803 |  |  | 139 |
Mixed Use |  | 845 |  |  | 912 |  |  | — |  |  | 697 |  |  | — |
Industrial & Warehouse |  | 3,806 |  |  | 7,204 |  |  | — |  |  | 3,958 |  |  | 10 |
Other |  | 1,548 |  |  | 3,647 |  |  | — |  |  | 3,043 |  |  | — |
Real Estate—Construction |  | 1,625 |  |  | 1,625 |  |  | — |  |  | 1,670 |  |  | 89 |
Commercial Business |  | 5,443 |  |  | 8,437 |  |  | — |  |  | 2,770 |  |  | 25 |
Trade Finance |  | 92 |  |  | 7,279 |  |  | — |  |  | 18 |  |  | — |
Consumer and Other |  | 767 |  |  | 831 |  |  | — |  |  | 1,067 |  |  | — |
|  | $ | 29,498 |  |  | $ | 55,297 |  |  | $ | — |  |  | $ | 26,758 |  |  | $ | 308 |
Total |  | $ | 116,269 |  |  | $ | 145,137 |  |  | $ | 12,666 |  |  | $ | 101,164 |  |  | $ | 3,563 |
* | Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts.
|  | As of December 31, 2013 |  | For the year ended December 31, 2013
Impaired APLs(1) |  | Recorded Investment* |  | Unpaid Contractual Principal Balance |  | Related Allowance |  | Average Recorded Investment* |  | Interest Income Recognized during Impairment
|  | (In thousands)
With Related Allowance: |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 391 |  |  | 397 |  |  | 15 |  |  | 1,084 |  |  | 14 |
Hotel & Motel |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Gas Station & Car Wash |  | 794 |  |  | 885 |  |  | 341 |  |  | 485 |  |  | — |
Mixed Use |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial & Warehouse |  | 5,128 |  |  | 5,200 |  |  | 612 |  |  | 6,323 |  |  | — |
Other |  | 1,362 |  |  | 1,412 |  |  | 124 |  |  | 1,819 |  |  | 43 |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial Business |  | 1,984 |  |  | 3,354 |  |  | 622 |  |  | 2,827 |  |  | 5 |
Trade Finance |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 9,659 |  |  | $ | 11,248 |  |  | $ | 1,714 |  |  | $ | 12,538 |  |  | $ | 62 |
With No Related Allowance |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 1,244 |  |  | 2,216 |  |  | — |  |  | 953 |  |  | 14 |
Hotel & Motel |  | 6,441 |  |  | 8,676 |  |  | — |  |  | 6,169 |  |  | — |
Gas Station & Car Wash |  | 1,614 |  |  | 2,109 |  |  | — |  |  | 1,366 |  |  | 62 |
Mixed Use |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial & Warehouse |  | 1,883 |  |  | 3,446 |  |  | — |  |  | 2,482 |  |  | 10 |
Other |  | 1,135 |  |  | 1,547 |  |  | — |  |  | 1,600 |  |  | — |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial Business |  | 808 |  |  | 948 |  |  | — |  |  | 291 |  |  | — |
Trade Finance |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and Other |  | 767 |  |  | 831 |  |  | — |  |  | 779 |  |  | — |
|  | $ | 13,892 |  |  | $ | 19,773 |  |  | $ | — |  |  | $ | 13,640 |  |  | $ | 86 |
Total |  | $ | 23,551 |  |  | $ | 31,021 |  |  | $ | 1,714 |  |  | $ | 26,178 |  |  | $ | 148 |
* | Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts.
(1) | APLs that became impaired subsequent to being acquired.
|  | As of December 31, 2012 |  | For the year ended December 31, 2012
Total Impaired Loans |  | Recorded Investment* |  | Unpaid Contractual Principal Balance |  | Related Allowance |  | Average Recorded Investment* |  | Interest Income Recognized during Impairment
|  | (In thousands)
With Related Allowance: |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 5,477 |  |  | 5,610 |  |  | 1,167 |  |  | 3,512 |  |  | 255 |
Hotel & Motel |  | 8,990 |  |  | 8,995 |  |  | 1,860 |  |  | 17,536 |  |  | 426 |
Gas Station & Car Wash |  | 1,892 |  |  | 2,440 |  |  | 73 |  |  | 2,908 |  |  | — |
Mixed Use |  | 900 |  |  | 976 |  |  | 250 |  |  | 3,182 |  |  | — |
Industrial & Warehouse |  | 2,074 |  |  | 2,153 |  |  | 567 |  |  | 3,052 |  |  | 66 |
Other |  | 16,184 |  |  | 16,389 |  |  | 989 |  |  | 14,322 |  |  | 805 |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | 26 |  |  | — |
Commercial Business |  | 26,354 |  |  | 29,073 |  |  | 4,158 |  |  | 25,227 |  |  | 1,252 |
Trade Finance |  | 6,199 |  |  | 7,173 |  |  | 96 |  |  | 3,510 |  |  | 248 |
Consumer and Other |  | 55 |  |  | 56 |  |  | — |  |  | 119 |  |  | 4 |
|  | $ | 68,125 |  |  | $ | 72,865 |  |  | $ | 9,160 |  |  | $ | 73,394 |  |  | $ | 3,056 |
With No Related Allowance |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 2,516 |  |  | 5,404 |  |  | — |  |  | 1,602 |  |  | 48 |
Hotel & Motel |  | 6,212 |  |  | 8,202 |  |  | — |  |  | 1,365 |  |  | — |
Gas Station & Car Wash |  | 1,731 |  |  | 4,359 |  |  | — |  |  | 1,775 |  |  | — |
Mixed Use |  | 899 |  |  | 923 |  |  | — |  |  | 180 |  |  | — |
Industrial & Warehouse |  | 4,392 |  |  | 6,450 |  |  | — |  |  | 4,408 |  |  | 160 |
Other |  | 2,371 |  |  | 6,283 |  |  | — |  |  | 2,598 |  |  | — |
Real Estate—Construction |  | 1,710 |  |  | 1,710 |  |  | — |  |  | 1,710 |  |  | 111 |
Commercial Business |  | 920 |  |  | 1,368 |  |  | — |  |  | 8,028 |  |  | 18 |
Trade Finance |  | — |  |  | — |  |  | — |  |  | 946 |  |  | — |
Consumer and Other |  | 1,280 |  |  | 1,316 |  |  | — |  |  | 357 |  |  | 20 |
|  | $ | 22,031 |  |  | $ | 36,015 |  |  | $ | — |  |  | $ | 22,969 |  |  | $ | 357 |
Total |  | $ | 90,156 |  |  | $ | 108,880 |  |  | $ | 9,160 |  |  | $ | 96,363 |  |  | $ | 3,413 |
* | Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts.
|  | As of December 31, 2012 |  | For the year ended December 31, 2012
Impaired APLs(1) |  | Recorded Investment* |  | Unpaid Contractual Principal Balance |  | Related Allowance |  | Average Recorded Investment* |  | Interest Income Recognized during Impairment
|  | (In thousands)
With Related Allowance: |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 1,286 |  |  | 1,286 |  |  | 9 |  |  | 920 |  |  | 64 |
Hotel & Motel |  | — |  |  | — |  |  | — |  |  | 3,676 |  |  | — |
Gas Station & Car Wash |  | — |  |  | — |  |  | — |  |  | 57 |  |  | — |
Mixed Use |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial & Warehouse |  | 832 |  |  | 887 |  |  | 2 |  |  | 331 |  |  | 36 |
Other |  | 4,272 |  |  | 4,461 |  |  | 172 |  |  | 1,711 |  |  | 288 |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial Business |  | 2,974 |  |  | 3,072 |  |  | 1,074 |  |  | 1,625 |  |  | 26 |
Trade Finance |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 9,364 |  |  | $ | 9,706 |  |  | $ | 1,257 |  |  | $ | 8,320 |  |  | $ | 414 |
With No Related Allowance |  |  |  |  |  |  |  |  |  |
Real Estate—Residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |  |  |  |  |  |  |  |
Retail |  | 800 |  |  | 840 |  |  | — |  |  | 161 |  |  | 48 |
Hotel & Motel |  | 5,990 |  |  | 7,375 |  |  | — |  |  | 1,198 |  |  | — |
Gas Station & Car Wash |  | 774 |  |  | 1,865 |  |  | — |  |  | 608 |  |  | — |
Mixed Use |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial & Warehouse |  | 3,190 |  |  | 3,302 |  |  | — |  |  | 2,005 |  |  | 160 |
Other |  | 807 |  |  | 3,156 |  |  | — |  |  | 993 |  |  | — |
Real Estate—Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial Business |  | 349 |  |  | 681 |  |  | — |  |  | 680 |  |  | 15 |
Trade Finance |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and Other |  | 802 |  |  | 836 |  |  | — |  |  | 160 |  |  | — |
|  | $ | 12,712 |  |  | $ | 18,055 |  |  | $ | — |  |  | $ | 5,805 |  |  | $ | 223 |
Total |  | $ | 22,076 |  |  | $ | 27,761 |  |  | $ | 1,257 |  |  | $ | 14,125 |  |  | $ | 637 |
* | Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts.
(1) | APLs that became impaired subsequent to being acquired.
| For the year ended December 31, 2011
Total Impaired Loans | Average Recorded Investment* |  | Interest Income Recognized during Impairment
With Related Allowance: |  |  |
Real Estate—Residential | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |
Retail | 3,476 |  |  | 34 |
Hotel & Motel | 14,581 |  |  | 1,013 |
Gas Station & Car Wash | 2,825 |  |  | 95 |
Mixed Use | 1,561 |  |  | 158 |
Industrial & Warehouse | 4,819 |  |  | 310 |
Other | 6,195 |  |  | 298 |
Real Estate—Construction | 2,504 |  |  | — |
Commercial Business | 23,133 |  |  | 538 |
Trade Finance | 899 |  |  | 71 |
Consumer and Other | — |  |  | — |
| $ | 59,993 |  |  | $ | 2,517 |
With No Related Allowance |  |  |
Real Estate—Residential | $ | — |  |  | $ | — |
Real Estate—Commercial |  |  |
Retail | 6,199 |  |  | — |
Hotel & Motel | 4,722 |  |  | — |
Gas Station & Car Wash | 2,584 |  |  | — |
Mixed Use | 2,157 |  |  | — |
Industrial & Warehouse | 3,150 |  |  | — |
Other | 10,596 |  |  | — |
Real Estate—Construction | 3,280 |  |  | 113 |
Commercial Business | 12,432 |  |  | 203 |
Trade Finance | 758 |  |  | 30 |
Consumer and Other | 145 |  |  | — |
| $ | 46,023 |  |  | $ | 346 |
Total | $ | 106,016 |  |  | $ | 2,863 |
* | Unpaid contractual principal balance less charge-offs, interest applied to principal and purchase discounts.
The recorded investment in individually impaired loans was as follows:
| December 31, 2013 |  | December 31, 2012
| (In thousands)
With Allocated Allowance |  |  |
Without charge-off | $ | 85,920 |  |  | $ | 65,526 |
With charge-off | 851 |  |  | 2,599 |
With No Allocated Allowance |  |  |
Without charge-off | 23,160 |  |  | 17,536 |
With charge-off | 6,338 |  |  | 4,495 |
Allowance on Impaired Loans | (12,666 | ) |  | (9,160 | )
Impaired Loans, net of allowance | $ | 103,603 |  |  | $ | 80,996 |
Aging of Past Due Loans | ments are reasonably assured. The following tables present the aging of past due loans as of December 31, 2013 and December 31, 2012 by class of loans:
| As of December 31, 2013
| Past Due and Accruing |  |  |  |
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total |  | Nonaccrual Loans |  | Total Delinquent loans
| (In thousands)
Legacy Loans |
Real estate—Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate—Commercial |  |  |  |  |  |  |  |  |  |  |
Retail | 122 |  |  | — |  |  | — |  |  | 122 |  |  | 4,363 |  |  | 4,485 |
Hotel & Motel | — |  |  | — |  |  | — |  |  | — |  |  | 121 |  |  | 121 |
Gas Station & Car Wash | 1,038 |  |  | — |  |  | — |  |  | 1,038 |  |  | 2,228 |  |  | 3,266 |
Mixed Use | — |  |  | — |  |  | — |  |  | — |  |  | 974 |  |  | 974 |
Industrial & Warehouse | 215 |  |  | — |  |  | — |  |  | 215 |  |  | 1,923 |  |  | 2,138 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | 1,398 |  |  | 1,398 |
Real estate—Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business | 780 |  |  | 244 |  |  | — |  |  | 1,024 |  |  | 6,402 |  |  | 7,426 |
Trade finance | — |  |  | — |  |  | — |  |  | — |  |  | 1,031 |  |  | 1,031 |
Consumer and other | 54 |  |  | 22 |  |  | — |  |  | 76 |  |  | — |  |  | 76 |
Subtotal | $ | 2,209 |  |  | $ | 266 |  |  | $ | — |  |  | $ | 2,475 |  |  | $ | 18,440 |  |  | $ | 20,915 |
Acquired Loans (1) |  |  |  |  |  |  |  |  |  |  |
Real estate—Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate—Commercial |  |  |  |  |  |  |  |  |  |  |
Retail | 2,024 |  |  | — |  |  | — |  |  | 2,024 |  |  | 1,030 |  |  | 3,054 |
Hotel & Motel | — |  |  | — |  |  | — |  |  | — |  |  | 6,441 |  |  | 6,441 |
Gas Station & Car Wash | 1,068 |  |  | — |  |  | — |  |  | 1,068 |  |  | 1,339 |  |  | 2,407 |
Mixed Use | 576 |  |  | — |  |  | — |  |  | 576 |  |  | — |  |  | 576 |
Industrial & Warehouse | 121 |  |  | — |  |  | — |  |  | 121 |  |  | 6,890 |  |  | 7,011 |
Other | 516 |  |  | 1,729 |  |  | — |  |  | 2,245 |  |  | 1,376 |  |  | 3,621 |
Real estate—Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business | 524 |  |  | 703 |  |  | 5 |  |  | 1,232 |  |  | 2,708 |  |  | 3,940 |
Trade finance | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and other | 284 |  |  | 74 |  |  | — |  |  | 358 |  |  | 930 |  |  | 1,288 |
Subtotal | $ | 5,113 |  |  | $ | 2,506 |  |  | $ | 5 |  |  | $ | 7,624 |  |  | $ | 20,714 |  |  | $ | 28,338 |
TOTAL | $ | 7,322 |  |  | $ | 2,772 |  |  | $ | 5 |  |  | $ | 10,099 |  |  | $ | 39,154 |  |  | $ | 49,253 |
(1) | The Acquired Loan balances exclude ACILs of $9.7 million, $2.5 million and $43.8 million that were 30-59 days, 60-89 days and 90 or more days past due, respectively.
| As of December 31, 2012
| Past Due and Accruing |  |  |  |
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total |  | Nonaccrual Loans |  | Total Delinquent loans
| (In Thousands)
Legacy Loans |
Real estate—Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate—Commercial |  |  |  |  |  |  |  |  |  |  |
Retail | 87 |  |  | — |  |  | — |  |  | 87 |  |  | 3,316 |  |  | 3,403 |
Hotel & Motel | — |  |  | — |  |  | — |  |  | — |  |  | 437 |  |  | 437 |
Gas Station & Car Wash | 359 |  |  | — |  |  | — |  |  | 359 |  |  | 2,848 |  |  | 3,207 |
Mixed Use | 34 |  |  | — |  |  | — |  |  | 34 |  |  | 1,799 |  |  | 1,833 |
Industrial & Warehouse | — |  |  | — |  |  | — |  |  | — |  |  | 1,950 |  |  | 1,950 |
Other | — |  |  | 115 |  |  | — |  |  | 115 |  |  | 2,379 |  |  | 2,494 |
Real estate—Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business | 298 |  |  | 234 |  |  | — |  |  | 532 |  |  | 4,942 |  |  | 5,474 |
Trade finance | — |  |  | — |  |  | — |  |  | — |  |  | 869 |  |  | 869 |
Consumer and other | 190 |  |  | — |  |  | — |  |  | 190 |  |  | — |  |  | 190 |
Subtotal | 968 |  |  | 349 |  |  | — |  |  | 1,317 |  |  | 18,540 |  |  | 19,857 |
Acquired Loans (1) |  |  |  |  |  |  |  |  |  |  |
Real estate—Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate—Commercial |  |  |  |  |  |  |  |  |  |  |
Retail | 75 |  |  | — |  |  | — |  |  | 75 |  |  | — |  |  | 75 |
Hotel & Motel | — |  |  | — |  |  | — |  |  | — |  |  | 5,990 |  |  | 5,990 |
Gas Station & Car Wash | — |  |  | 1,109 |  |  | — |  |  | 1,109 |  |  | 774 |  |  | 1,883 |
Mixed Use | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Industrial & Warehouse | — |  |  | 3,278 |  |  | — |  |  | 3,278 |  |  | — |  |  | 3,278 |
Other | 15 |  |  | — |  |  | — |  |  | 15 |  |  | 937 |  |  | 952 |
Real estate—Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business | 220 |  |  | 285 |  |  | — |  |  | 505 |  |  | 2,442 |  |  | 2,947 |
Trade finance | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer and other | 98 |  |  | 17 |  |  | — |  |  | 115 |  |  | 970 |  |  | 1,085 |
Subtotal | $ | 408 |  |  | $ | 4,689 |  |  | $ | — |  |  | $ | 5,097 |  |  | $ | 11,113 |  |  | $ | 16,210 |
TOTAL | $ | 1,376 |  |  | $ | 5,038 |  |  | $ | — |  |  | $ | 6,414 |  |  | $ | 29,653 |  |  | $ | 36,067 |
(1) | The Acquired Loan balances exclude ACILs of $7.0 million, $12.1 million and $17.7 million that were 30-59 days, 60-89 days and 90 or more days past due, respectively.
Risk Category of Loans by Class of Loans | The following tables present the risk rating for Legacy Loans and Acquired Loans as of December 31, 2013 and December 31, 2012 by class of loans:
| As of December 31, 2013
| Pass |  | Special Mention |  | Substandard |  | Doubtful/Loss |  | Total
| (In thousands)
Legacy Loans: |  |  |
Real estate—Residential | $ | 8,070 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,070 |
Real estate—Commercial |  |  |  |  |  |  |  |  |
Retail | 842,815 |  |  | 858 |  |  | 14,365 |  |  | — |  |  | 858,038 |
Hotel & Motel | 568,263 |  |  | 1,841 |  |  | 13,661 |  |  | — |  |  | 583,765 |
Gas Station & Car Wash | 455,205 |  |  | — |  |  | 10,854 |  |  | — |  |  | 466,059 |
Mixed Use | 259,788 |  |  | 360 |  |  | 3,324 |  |  | — |  |  | 263,472 |
Industrial & Warehouse | 251,993 |  |  | 4,116 |  |  | 12,056 |  |  | — |  |  | 268,165 |
Other | 589,895 |  |  | 3,928 |  |  | 11,493 |  |  | 359 |  |  | 605,675 |
Real estate—Construction | 71,231 |  |  | — |  |  | 1,626 |  |  | — |  |  | 72,857 |
Commercial business | 759,956 |  |  | 12,756 |  |  | 42,952 |  |  | — |  |  | 815,664 |
Trade finance | 91,055 |  |  | 22,589 |  |  | 9,297 |  |  | — |  |  | 122,941 |
Consumer and other | 32,389 |  |  | 32 |  |  | 535 |  |  | — |  |  | 32,956 |
Subtotal | $ | 3,930,660 |  |  | $ | 46,480 |  |  | $ | 120,163 |  |  | $ | 359 |  |  | $ | 4,097,662 |
Acquired Loans: |  |  |  |  |  |  |  |  |
Real estate—Residential | $ | 1,066 |  |  | $ | 284 |  |  | $ | 619 |  |  | $ | — |  |  | $ | 1,969 |
Real estate—Commercial |  |  |  |  |  |  |  |  |
Retail | 237,325 |  |  | 9,319 |  |  | 28,128 |  |  | 94 |  |  | 274,866 |
Hotel & Motel | 109,138 |  |  | 7,134 |  |  | 14,836 |  |  | 179 |  |  | 131,287 |
Gas Station & Car Wash | 35,356 |  |  | 1,621 |  |  | 14,440 |  |  | 245 |  |  | 51,662 |
Mixed Use | 32,992 |  |  | 1,467 |  |  | 5,316 |  |  | — |  |  | 39,775 |
Industrial & Warehouse | 92,570 |  |  | 3,525 |  |  | 19,720 |  |  | — |  |  | 115,815 |
Other | 133,752 |  |  | 6,698 |  |  | 21,573 |  |  | 560 |  |  | 162,583 |
Real estate—Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business | 94,854 |  |  | 10,266 |  |  | 26,245 |  |  | 2,064 |  |  | 133,429 |
Trade finance | 1,744 |  |  | — |  |  | — |  |  | — |  |  | 1,744 |
Consumer and other | 51,036 |  |  | 2,695 |  |  | 7,460 |  |  | 4,360 |  |  | 65,551 |
Subtotal | $ | 789,833 |  |  | $ | 43,009 |  |  | $ | 138,337 |  |  | $ | 7,502 |  |  | $ | 978,681 |
Total | $ | 4,720,493 |  |  | $ | 89,489 |  |  | $ | 258,500 |  |  | $ | 7,861 |  |  | $ | 5,076,343 |
| As of December 31, 2012
| Pass |  | Special Mention |  | Substandard |  | Doubtful/Loss |  | Total
|  |  | (In thousands)
Legacy Loans: |  |  |
Real estate—Residential | $ | 9,223 |  |  | $ | — |  |  | $ | 24 |  |  | $ | — |  |  | $ | 9,247 |
Real estate—Commercial |  |  |  |  |  |  |  |  |
Retail | 589,720 |  |  | 3,584 |  |  | 12,303 |  |  | — |  |  | 605,607 |
Hotel & Motel | 453,908 |  |  | 1,894 |  |  | 16,795 |  |  | — |  |  | 472,597 |
Gas Station & Car Wash | 370,803 |  |  | 1,288 |  |  | 9,982 |  |  | — |  |  | 382,073 |
Mixed Use | 233,687 |  |  | 2,131 |  |  | 3,423 |  |  | — |  |  | 239,241 |
Industrial & Warehouse | 202,066 |  |  | 1,010 |  |  | 4,295 |  |  | 370 |  |  | 207,741 |
Other | 431,686 |  |  | 1,219 |  |  | 17,084 |  |  | — |  |  | 449,989 |
Real estate—Construction | 56,270 |  |  | — |  |  | 1,710 |  |  | — |  |  | 57,980 |
Commercial business | 726,073 |  |  | 6,164 |  |  | 21,514 |  |  | 104 |  |  | 753,855 |
Trade finance | 136,197 |  |  | 7,976 |  |  | 6,199 |  |  | — |  |  | 150,372 |
Consumer and other | 26,801 |  |  | 13 |  |  | 1,006 |  |  | — |  |  | 27,820 |
Subtotal | $ | 3,236,434 |  |  | $ | 25,279 |  |  | $ | 94,335 |  |  | $ | 474 |  |  | $ | 3,356,522 |
Acquired Loans: |  |  |
Real estate—Residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate—Commercial |  |  |  |  |  |  |  |  |
Retail | 225,982 |  |  | 6,469 |  |  | 17,331 |  |  | — |  |  | 249,782 |
Hotel & Motel | 105,032 |  |  | 16,150 |  |  | 13,215 |  |  | — |  |  | 134,397 |
Gas Station & Car Wash | 33,360 |  |  | 7,192 |  |  | 4,119 |  |  | — |  |  | 44,671 |
Mixed Use | 34,927 |  |  | 3,826 |  |  | 6,526 |  |  | — |  |  | 45,279 |
Industrial & Warehouse | 114,616 |  |  | 1,385 |  |  | 9,470 |  |  | — |  |  | 125,471 |
Other | 121,666 |  |  | 4,473 |  |  | 17,479 |  |  | — |  |  | 143,618 |
Real estate—Construction | 1,093 |  |  | — |  |  | 5,972 |  |  | — |  |  | 7,065 |
Commercial business | 119,026 |  |  | 14,057 |  |  | 34,047 |  |  | 571 |  |  | 167,701 |
Trade finance | 242 |  |  | 334 |  |  | 1,122 |  |  | — |  |  | 1,698 |
Consumer and other | 17,292 |  |  | 424 |  |  | 4,329 |  |  | 89 |  |  | 22,134 |
Subtotal | $ | 773,236 |  |  | $ | 54,310 |  |  | $ | 113,610 |  |  | $ | 660 |  |  | $ | 941,816 |
Total | $ | 4,009,670 |  |  | $ | 79,589 |  |  | $ | 207,945 |  |  | $ | 1,134 |  |  | $ | 4,298,338 |
Loans Sold From Loans Held For Investment | The following table presents loans sold from loans held for investment or transferred from held for investment to held for sale during the year ended December 31, 2013 and 2012 by portfolio segment:
| Year Ended December 31,
| 2013 |  | 2012
Sales or reclassification to held for sale |
Real estate - Commercial | $ | 6,900 |  |  | $ | 3,061 |
Total | $ | 6,900 |  |  | $ | 3,061 |
Allowance for Loan Losses and Impaired Loans, Qualitative and Quantitative Analysis | The following table presents loans by portfolio segment and impairment method at December 31, 2013 and December 31, 2012:
| As of December 31, 2013
| Real estate - Residential |  | Real estate - Commercial |  | Real estate - Construction |  | Commercial business |  | Trade finance |  | Consumer and other |  | Total
| (Dollars in thousands)
Impaired loans (Gross carrying value) | $ | — |  |  | $ | 67,544 |  |  | $ | 1,625 |  |  | $ | 40,106 |  |  | $ | 5,692 |  |  | $ | 1,302 |  |  | $ | 116,269 |
Specific allowance | $ | — |  |  | $ | 6,670 |  |  | $ | — |  |  | $ | 5,805 |  |  | $ | 159 |  |  | $ | 32 |  |  | $ | 12,666 |
Loss coverage ratio | N/A |  |  | 9.9 | % |  | 0.0 | % |  | 14.5 | % |  | 2.8 | % |  | 2.5 | % |  | 10.9 | %
Non-impaired loans | $ | 10,039 |  |  | $ | 3,753,619 |  |  | $ | 71,231 |  |  | $ | 908,987 |  |  | $ | 118,993 |  |  | $ | 97,205 |  |  | $ | 4,960,074 |
General allowance | $ | 25 |  |  | $ | 39,227 |  |  | $ | 628 |  |  | $ | 11,787 |  |  | $ | 2,494 |  |  | $ | 493 |  |  | $ | 54,654 |
Loss coverage ratio | 0.2 | % |  | 1.0 | % |  | 0.9 | % |  | 1.3 | % |  | 2.1 | % |  | 0.5 | % |  | 1.1 | %
Total loans | $ | 10,039 |  |  | $ | 3,821,163 |  |  | $ | 72,856 |  |  | $ | 949,093 |  |  | $ | 124,685 |  |  | $ | 98,507 |  |  | $ | 5,076,343 |
Total allowance for loan losses | $ | 25 |  |  | $ | 45,897 |  |  | $ | 628 |  |  | $ | 17,592 |  |  | $ | 2,653 |  |  | $ | 525 |  |  | $ | 67,320 |
Loss coverage ratio | 0.2 | % |  | 1.2 | % |  | 0.9 | % |  | 1.9 | % |  | 2.1 | % |  | 0.5 | % |  | 1.3 | %
| As of December 31, 2012
| Real estate - Residential |  | Real estate - Commercial |  | Real estate - Construction |  | Commercial business |  | Trade finance |  | Consumer and other |  | Total
| (Dollars in thousands)
Impaired loans (Gross carrying value) | $ | — |  |  | $ | 53,634 |  |  | $ | 1,710 |  |  | $ | 27,274 |  |  | $ | 6,199 |  |  | $ | 1,338 |  |  | $ | 90,155 |
Specific allowance | $ | — |  |  | $ | 4,906 |  |  | $ | — |  |  | $ | 4,158 |  |  | $ | 96 |  |  | $ | — |  |  | $ | 9,160 |
Loss coverage ratio | N/A |  |  | 9.1 | % |  | 0.0 | % |  | 15.2 | % |  | 1.5 | % |  | 0.0 | % |  | 10.2 | %
Non-impaired loans | $ | 9,247 |  |  | $ | 3,046,832 |  |  | $ | 63,335 |  |  | $ | 894,282 |  |  | $ | 145,871 |  |  | $ | 48,616 |  |  | $ | 4,208,183 |
General allowance | $ | 74 |  |  | $ | 40,256 |  |  | $ | 986 |  |  | $ | 13,448 |  |  | $ | 2,256 |  |  | $ | 761 |  |  | $ | 57,781 |
Loss coverage ratio | 0.8 | % |  | 1.3 | % |  | 1.6 | % |  | 1.5 | % |  | 1.5 | % |  | 1.6 | % |  | 1.4 | %
Total loans | $ | 9,247 |  |  | $ | 3,100,466 |  |  | $ | 65,045 |  |  | $ | 921,556 |  |  | $ | 152,070 |  |  | $ | 49,954 |  |  | $ | 4,298,338 |
Total allowance for loan losses | $ | 74 |  |  | $ | 45,162 |  |  | $ | 986 |  |  | $ | 17,606 |  |  | $ | 2,352 |  |  | $ | 761 |  |  | $ | 66,941 |
Loss coverage ratio | 0.8 | % |  | 1.5 | % |  | 1.5 | % |  | 1.9 | % |  | 1.5 | % |  | 1.5 | % |  | 1.6 | %
Troubled Debt Restructurings | The following table presents loans by class modified as TDRs that occurred during the year ended December 31, 2013 and 2012:
| For the year ended |  | For the year ended
| December 31, 2013 |  | December 31, 2012
| Number of Loans | Pre-Modification | Post-Modification |  | Number of Loans | Pre-Modification | Post-Modification
Legacy Loans: |  |  |  |  |  |  |
Real estate - Residential | — | $ | — |  | $ | — |  |  | — | $ | — |  | $ | — |
Real estate - Commercial |  |  |  |  |  |  |
Retail | 6 | 6,195 |  | 6,214 |  |  | 5 | 2,456 |  | 2,321 |
Hotel & Motel | — | — |  | — |  |  | 1 | 1,479 |  | 1,444 |
Gas Station & Car Wash | 1 | 1,371 |  | 880 |  |  | 1 | 216 |  | 50 |
Mixed Use | — | — |  | — |  |  | — | — |  | — |
Industrial & Warehouse | 1 | 370 |  | 338 |  |  | 1 | 502 |  | 494 |
Other | — | — |  | — |  |  | 4 | 12,391 |  | 9,234 |
Real estate - Construction | — | — |  | — |  |  | — | — |  | — |
Commercial business | 15 | 8,687 |  | 7,552 |  |  | 14 | 4,075 |  | 4,838 |
Trade Finance | — | — |  | — |  |  | 1 | 1,493 |  | 401 |
Consumer and Other | 2 | 970 |  | 490 |  |  | 1 | 480 |  | 480 |
Subtotal | 25 | $ | 17,593 |  | $ | 15,474 |  |  | 28 | $ | 23,092 |  | $ | 19,262 |
Acquired Loans: |  |  |  |  |  |  |
Real estate - Residential | — | $ | — |  | $ | — |  |  | — | $ | — |  | $ | — |
Real estate - Commercial |  |  |  |  |  |  |
Retail | 3 | 336 |  | 321 |  |  | 2 | 1,458 |  | 1,286 |
Hotel & Motel | — | — |  | — |  |  | 1 | 6,165 |  | 5,990 |
Gas Station & Car Wash | 1 | 165 |  | — |  |  | — | — |  | — |
Mixed Use | — | — |  | — |  |  | — | — |  | — |
Industrial & Warehouse | 2 | 10,336 |  | 5,208 |  |  | — | — |  | — |
Other | 2 | 1,137 |  | 1,122 |  |  | 1 | 670 |  | 631 |
Real estate - Construction | — | — |  | — |  |  | — | — |  | — |
Commercial business | 8 | 1,182 |  | 441 |  |  | 6 | 2,476 |  | 2,384 |
Trade Finance | — | — |  | — |  |  | — | — |  | — |
Consumer and Other | — | — |  | — |  |  | 4 | 808 |  | 802 |
Subtotal | 16 | $ | 13,156 |  | $ | 7,092 |  |  | 14 | $ | 11,577 |  | $ | 11,093 |
Total | 41 | $ | 30,749 |  | $ | 22,566 |  |  | 42 | $ | 34,669 |  | $ | 30,355 |
A summary of TDRs on accrual and nonaccrual by type of concession as of December 31, 2013 and December 31, 2012 is presented below:
| As of December 31, 2013
| TDRs on accrual |  | TDRs on nonaccrual |  | TOTAL
| Real estate - Commercial |  | Commercial Business |  | Other |  | Total |  | Real estate - Commercial |  | Commercial Business |  | Other |  | Total |
| (In thousands)
Payment concession | $ | 7,437 |  |  | $ | 1,057 |  |  | $ | — |  |  | $ | 8,494 |  |  | $ | 9,489 |  |  | $ | 1,279 |  |  | $ | 767 |  |  | $ | 11,535 |  |  | $ | 20,029 |
Maturity / Amortization concession | 765 |  |  | 6,565 |  |  | 535 |  |  | 7,865 |  |  | 1,653 |  |  | 3,656 |  |  | — |  |  | 5,309 |  |  | 13,174 |
Rate concession | 13,055 |  |  | 4,490 |  |  | — |  |  | 17,545 |  |  | 8,107 |  |  | — |  |  | — |  |  | 8,107 |  |  | 25,652 |
Principal forgiveness | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 49 |  |  | 49 |
| $ | 21,257 |  |  | $ | 12,112 |  |  | $ | 535 |  |  | $ | 33,904 |  |  | $ | 19,249 |  |  | $ | 4,984 |  |  | $ | 767 |  |  | $ | 25,000 |  |  | $ | 58,904 |
| As of December 31, 2012
| TDRs on accrual |  | TDRs on nonaccrual |  | TOTAL
| Real estate - Commercial |  | Commercial Business |  | Other |  | Total |  | Real estate - Commercial |  | Commercial Business |  | Other |  | Total |
| (In thousands)
Payment concession | $ | 9,608 |  |  | $ | 687 |  |  | $ | — |  |  | $ | 10,295 |  |  | $ | 4,735 |  |  | $ | 4,618 |  |  | $ | 802 |  |  | $ | 10,155 |  |  | $ | 20,450 |
Maturity / Amortization concession | 348 |  |  | 3,847 |  |  | 536 |  |  | 4,731 |  |  | 652 |  |  | 1,941 |  |  | 869 |  |  | 3,462 |  |  | 8,193 |
Rate concession | 13,594 |  |  | 1,229 |  |  | — |  |  | 14,823 |  |  | 7,923 |  |  | — |  |  | — |  |  | 7,923 |  |  | 22,746 |
Principal forgiveness | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 62 |  |  | — |  |  | 62 |  |  | 62 |
| $ | 23,550 |  |  | $ | 5,763 |  |  | $ | 536 |  |  | $ | 29,849 |  |  | $ | 13,310 |  |  | $ | 6,621 |  |  | $ | 1,671 |  |  | $ | 21,602 |  |  | $ | 51,451 |
Summary of Troubled Debt Restructurings with Subsequent Payment Default | $158 thousand, respectively. The following table presents loans by class for TDRs that have been modified within the previous twelve months and have subsequently had a payment default during the years ended December 31, 2013 and 2012:
| December 31, 2013 |  | December 31, 2012 |  | December 31, 2011
| Number of Loans | Balance |  | Number of Loans | Balance |  | Number of Loans | Balance
| (Dollars In thousands)
Legacy Loans: |  |  |  |  |  |  |  |
Real estate - Commercial |  |  |  |  |  |  |  |
Retail | 1 | $ | 508 |  |  | 1 | $ | 268 |  |  | 1 | $ | 771 |
Hotel & Motel | — | — |  |  | — | — |  |  | 2 | — |
Gas Station & Car Wash | — | — |  |  | 1 | 50 |  |  | — | — |
Industrial & Warehouse | — | — |  |  | — | — |  |  | 3 | 961 |
Other | — | — |  |  | 1 | 562 |  |  | 1 | 294 |
Commercial Business | 5 | 540 |  |  | 3 | 76 |  |  | 8 | 422 |
Subtotal | 6 | $ | 1,048 |  |  | 6 | $ | 956 |  |  | 15 | $ | 2,448 |
Acquired Loans: |  |  |  |  |  |  |  |
Real estate - Commercial |  |  |  |  |  |  |  |
Retail | 1 | $ | 56 |  |  | — | $ | — |  |  | — | $ | — |
Hotel & Motel | — | — |  |  | 1 | 5,990 |  |  | — | — |
Gas Station & Car Wash | 1 | — |  |  | — | — |  |  | — | — |
Industrial & Warehouse | 1 | 5,128 |  |  | — | — |  |  | — | — |
Other | — | — |  |  | — | — |  |  | — | — |
Commercial Business | 3 | 47 |  |  | 2 | 143 |  |  | — | — |
Subtotal | 6 | $ | 5,231 |  |  | 3 | $ | 6,133 |  |  | — | $ | — |
| 12 | $ | 6,279 |  |  | 9 | $ | 7,089 |  |  | 15 | $ | 2,448 |
Covered Non-performing Assets | The covered nonperforming assets at December 31, 2013 and December 31, 2012 were as follows:
| December 31, 2013 |  | December 31, 2012
| (In thousands)
Covered loans on nonaccrual status | $ | 236 |  |  | $ | 489 |
Covered other real estate owned | 590 |  |  | 393 |
Total covered nonperforming assets | $ | 826 |  |  | $ | 882 |
Acquired covered loans | $ | 55,088 |  |  | $ | 72,528 |

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