Below is a summary of PCI loans by category at June 30, 2014, and December 31, 2013:



	June 30, 2014			December 31, 2013
(in thousands)	Weighted- Average Risk Rating	Recorded Investment PCI Loans		Weighted- Average Risk Rating	Recorded Investment PCI Loans
Real Estate Loans:
Construction and land development	6.46		$7,885	6.84		$14,325
Commercial real estate - Investor owned	7.07	41,699		6.81	48,146
Commercial real estate - Owner occupied	6.58	30,396		6.75	32,525
Residential real estate	5.94	30,736		5.92	34,498
Total real estate loans			$110,716			$129,494
Commercial and industrial	6.93	7,300		6.87	9,271
Consumer and other	4.30	488		6.47	1,773
Portfolio loans			$118,504			$140,538

The aging of the recorded investment in past due PCI 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	$	395	$	563	$	958	$	6,342	$	7,300
Real Estate:
Commercial - Owner Occupied	65		3,612		3,677		26,719		30,396
Commercial - Investor Owned	109		5,935		6,044		35,655		41,699
Construction and Land Development	—		80		80		7,805		7,885
Residential	737		2,371		3,108		27,628		30,736
Consumer & Other	17		—		17		471		488
Total	$	1,323	$	12,561	$	13,884	$	104,620	$	118,504



	December 31, 2013
(in thousands)	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
Commercial & Industrial	$	397	$	573	$	970	$	8,301	$	9,271
Real Estate:
Commercial - Owner Occupied	255		6,595		6,850		25,675		32,525
Commercial - Investor Owned	5,143		3,167		8,310		39,836		48,146
Construction and Land Development	32		4,198		4,230		10,095		14,325
Residential	639		5,276		5,915		28,583		34,498
Consumer & Other	—		—		—		1,773		1,773
Total	$	6,466	$	19,809	$	26,275	$	114,263	$	140,538

The following table is a rollforward of PCI loans, net of the allowance for loan losses, for the six months ended June 30, 2014 and 2013.



(In thousands)	Contractual Cashflows			Less: Non-accretable Difference			Less: Accretable Yield			Carrying Amount
Balance January 1, 2014	$	266,068		$	87,438		$	53,530		$	125,100
Principal reductions and interest payments	(18,089		)	—			—			(18,089		)
Accretion of loan discount	—			—			(8,601		)	8,601
Changes in contractual and expected cash flows due to remeasurement	(3,871		)	5			(5,693		)	1,817
Reductions due to disposals	(25,552		)	(5,440		)	(3,648		)	(16,464		)
Balance June 30, 2014	$	218,556		$	82,003		$	35,588		$	100,965

Balance January 1, 2013	$	386,966		$	118,627		$	78,768		$	189,571
Principal reductions and interest payments	(23,628		)	—			—			(23,628		)
Accretion of loan discount	—			—			(13,735		)	13,735
Changes in contractual and expected cash flows due to remeasurement	(2,595		)	(14,136		)	5,995			5,546
Reductions due to disposals	(56,473		)	(21,463		)	(8,604		)	(26,406		)
Balance June 30, 2013	$	304,270		$	83,028		$	62,424		$	158,818

The accretable yield is accreted into interest income over the estimated life of the acquired loans using the effective

yield method.

A summary of activity in the FDIC loss share receivable for the six months ended June 30, 2014 is as follows:



(In thousands)	June 30, 2014
Balance at beginning of period	$	34,319
Adjustments not reflected in income:
Cash received from the FDIC for covered assets	(4,212		)
FDIC reimbursable losses, net	553
Adjustments reflected in income:
Amortization, net	(4,753		)
Loan impairment	2,259
Reductions for payments on covered assets in excess of expected cash flows	(2,658		)
Balance at end of period	$	25,508

Due to continued favorable projections in the expected cash flows, the Company continues to anticipate it will be required to pay the FDIC at the end of two of its loss share agreements. Accordingly, a liability of $1.6 million has been recorded at June 30, 2014. The liability will continue to be adjusted as part of the quarterly remeasurement process through the end of the loss share agreements.