Covered Assets And Indemnification Asset (Tables)

9 Months Ended

Sep. 30, 2012


(in thousands)

	Three months ended September 30, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	48,064	$	123,501	$	54,623	$	226,188
Accretion to interest income		(6,139)		(8,361)		(5,316)		(19,816)
Disposals		(1,989)		(5,677)		(1,650)		(9,316)
Reclassifications (to)/from nonaccretable difference		3,261		3,336		3,094		9,691
Balance, end of period	$	43,197	$	112,799	$	50,751	$	206,747



	Three months ended September 30, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	67,469	$	143,997	$	68,594	$	280,060
Accretion to interest income		(5,953)		(8,994)		(5,532)		(20,479)
Disposals		(1,668)		(5,138)		(486)		(7,292)
Reclassifications (to)/from nonaccretable difference		1,631		2,105		4,893		8,629
Balance, end of period		61,479	$	131,970	$	67,469	$	260,918



	Nine months ended September 30, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	56,479	$	120,333	$	61,021	$	237,833
Accretion to interest income		(14,918)		(23,216)		(14,924)		(53,058)
Disposals		(5,671)		(14,363)		(3,069)		(23,103)
Reclassifications (to)/from nonaccretable difference		7,307		30,045		7,723		45,075
Balance, end of period	$	43,197	$	112,799	$	50,751	$	206,747



	Nine months ended September 30, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	90,771	$	172,615	$	73,515	$	336,901
Accretion to interest income		(21,266)		(25,634)		(16,480)		(63,380)
Disposals		(8,641)		(14,585)		(3,293)		(26,519)
Reclassifications (to)/from nonaccretable difference		615		(426)		13,727		13,916
Balance, end of period	$	61,479	$	131,970	$	67,469	$	260,918



	Three months ended September 30, 2012
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Balance, beginning of period	$	7,461	$	4,547	$	664	$	305	$	12,977
Charge-offs		(480)		(450)		(73)		(45)		(1,048)
Recoveries		371		215		68		22		676
Provision		1,884		990		79		(26)		2,927
Balance, end of period	$	9,236	$	5,302	$	738	$	256	$	15,532



	Three months ended September 30, 2011
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Balance, beginning of period	$	5,714	$	2,632	$	1,193	$	680	$	10,219
Charge-offs		(381)		(454)		(17)		(56)		(908)
Recoveries		421		240		15		16		692
Provision		2,882		1,247		225		66		4,420
Balance, end of period	$	8,636	$	3,665	$	1,416	$	706	$	14,423



	September 30, 2012
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	8,662	$	4,785	$	694	$	211	$	14,352
Collectively evaluated for impairment (2)		574		517		44		45		1,180
Total	$	9,236	$	5,302	$	738	$	256	$	15,532
Covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	424,547	$	28,141	$	48,838	$	3,699	$	505,225
Collectively evaluated for impairment (2)		2,942		15,097		4,591		2,722		25,352
Total	$	427,489	$	43,238	$	53,429	$	6,421	$	530,577



	September 30, 2011
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	8,190	$	2,992	$	1,381	$	676	$	13,239
Collectively evaluated for impairment (2)		446		673		35		30		1,184
Total	$	8,636	$	3,665	$	1,416	$	706	$	14,423
Covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	538,928	$	42,313	$	65,252	$	6,057	$	652,550
Collectively evaluated for impairment (2)		2,916		24,191		4,547		2,349		34,003
Total	$	541,844	$	66,504	$	69,799	$	8,406	$	686,553

(1) In accordance with ASC 310-30, the valuation allowance is netted against the carrying value of the covered loan and lease balance.

(2) The allowance on covered loan and lease losses includes an allowance on covered loan advances on acquired loans subsequent to acquisition.



	Three months ended				Nine months ended
	September 30,				September 30,
	2012		2011		2012		2011
Balance, beginning of period	$	9,191	$	30,153	$	19,491	$	29,863
Additions to covered OREO		1,881		3,256		3,227		11,924
Dispositions of covered OREO		(2,192)		(5,044)		(10,492)		(11,501)
Valuation adjustments in the period		(769)		(5,326)		(4,115)		(7,247)
Balance, end of period	$	8,111	$	23,039	$	8,111	$	23,039


(in thousands)
	Three months ended September 30, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	22,301	$	20,571	$	25,933	$	68,805
Change in FDIC indemnification asset		(1,731)		(2,887)		(141)		(4,759)
Transfers to due from FDIC and other		(1,215)		(944)		(1,381)		(3,540)
Balance, end of period	$	19,355	$	16,740	$	24,411	$	60,506



	Three months ended September 30, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	36,118	$	35,999	$	44,811	$	116,928
Change in FDIC indemnification asset		177		372		1,062		1,611
Transfers to due from FDIC and other		(3,420)		(2,991)		(5,750)		(12,161)
Balance, end of period	$	32,875	$	33,380	$	40,123	$	106,378



	Nine months ended September 30, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	28,547	$	28,272	$	34,270	$	91,089
Change in FDIC indemnification asset		(5,830)		(5,803)		989		(10,644)
Transfers to due from FDIC and other		(3,362)		(5,729)		(10,848)		(19,939)
Balance, end of period	$	19,355	$	16,740	$	24,411	$	60,506


(in thousands)
	Nine months ended September 30, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	40,606	$	43,726	$	62,081	$	146,413
Change in FDIC indemnification asset		2,027		(4,549)		1,487		(1,035)
Transfers to due from FDIC and other		(9,758)		(5,797)		(23,445)		(39,000)
Balance, end of period	$	32,875	$	33,380	$	40,123	$	106,378