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Covered Assets And Indemnification Asset (Tables)
 12 Months Ended
Dec. 31, 2012
Covered Assets And Indemnification Asset [Abstract]  
Covered Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

Term & multifamily

$
72,888 

 

$
199,685 

 

$
105,436 

 

$
378,009 

Construction & development

 
4,941 

 

 
637 

 

 
6,133 

 

 
11,711 

Residential development

 
3,840 

 

 

 -

 

 
5,954 

 

 
9,794 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Term

 
9,961 

 

 
2,230 

 

 
11,333 

 

 
23,524 

LOC & other

 
4,984 

 

 
7,081 

 

 
2,932 

 

 
14,997 

Residential

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 
3,948 

 

 
22,059 

 

 
1,818 

 

 
27,825 

Home equity loans & lines

 
3,478 

 

 
17,178 

 

 
2,786 

 

 
23,442 

Consumer & other

 
1,855 

 

 
4,143 

 

 
53 

 

 
6,051 

Total

$
105,895 

 

$
253,013 

 

$
136,445 

 

$
495,353 

Allowance for covered loans

 

 

 

 

 

 

 

 

 

 
(18,275)

Total

 

 

 

 

 

 

 

 

 

$
477,078 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

Term & multifamily

$
99,346 

 

$
248,206 

 

$
126,502 

 

$
474,054 

Construction & development

 
7,241 

 

 
711 

 

 
6,868 

 

 
14,820 

Residential development

 
7,809 

 

 
227 

 

 
9,727 

 

 
17,763 

Commercial

 

 

 

 

 

 

 

 

 

 

 

Term

 
14,911 

 

 
5,807 

 

 
13,432 

 

 
34,150 

LOC & other

 
8,776 

 

 
8,854 

 

 
5,796 

 

 
23,426 

Residential

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 
6,320 

 

 
27,320 

 

 
1,863 

 

 
35,503 

Home equity loans & lines

 
4,660 

 

 
21,055 

 

 
3,370 

 

 
29,085 

Consumer & other

 
2,394 

 

 
5,541 

 

 
35 

 

 
7,970 

Total

$
151,457 

 

$
317,721 

 

$
167,593 

 

$
636,771 

Allowance for covered loans

 

 

 

 

 

 

 

 

 

 
(14,320)

Total

 

 

 

 

 

 

 

 

 

$
622,451 

 

Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Roll Forward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Balance, beginning of period

$
56,479 

 

$
120,333 

 

$
61,021 

 

$
237,833 

Accretion to interest income

 
(21,237)

 

 
(30,325)

 

 
(19,969)

 

 
(71,531)

Disposals

 
(9,688)

 

 
(19,705)

 

 
(5,214)

 

 
(34,607)

Reclassifications from nonaccretable difference

 
9,013 

 

 
32,165 

 

 
10,515 

 

 
51,693 

Balance, end of period

$
34,567 

 

$
102,468 

 

$
46,353 

 

$
183,388 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Balance, beginning of period

$
90,770 

 

$
172,614 

 

$
73,515 

 

$
336,899 

Accretion to interest income

 
(26,240)

 

 
(35,382)

 

 
(22,580)

 

 
(84,202)

Disposals

 
(10,575)

 

 
(19,893)

 

 
(4,595)

 

 
(35,063)

Reclassifications from nonaccretable difference

 
2,524 

 

 
2,994 

 

 
14,681 

 

 
20,199 

Balance, end of period

$
56,479 

 

$
120,333 

 

$
61,021 

 

$
237,833 

 

Activity Related To Allowance For Covered Loan And Lease Losses By Covered Loan Portfolio

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Commercial

 

 

 

 

 

 

 

Consumer

 

 

 

 

Real Estate

 

Commercial

 

Residential

 

& Other

 

Total

Balance, beginning of period

$
8,939 

 

$
3,964 

 

$
991 

 

$
426 

 

$
14,320 

Charge-offs

 
(2,921)

 

 
(1,613)

 

 
(596)

 

 
(659)

 

 
(5,789)

Recoveries

 
1,264 

 

 
733 

 

 
237 

 

 
105 

 

 
2,339 

Provision

 
4,847 

 

 
1,896 

 

 
172 

 

 
490 

 

 
7,405 

Balance, end of period

$
12,129 

 

$
4,980 

 

$
804 

 

$
362 

 

$
18,275 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Commercial

 

 

 

 

 

 

 

Consumer

 

 

 

 

Real Estate

 

Commercial

 

Residential

 

& Other

 

Total

Balance, beginning of period

$
2,465 

 

$
176 

 

$
56 

 

$
24 

 

$
2,721 

Charge-offs

 
(3,177)

 

 
(660)

 

 
(1,657)

 

 
(1,192)

 

 
(6,686)

Recoveries

 
1,348 

 

 
512 

 

 
142 

 

 
142 

 

 
2,144 

Provision

 
8,303 

 

 
3,936 

 

 
2,450 

 

 
1,452 

 

 
16,141 

Balance, end of period

$
8,939 

 

$
3,964 

 

$
991 

 

$
426 

 

$
14,320 

 

Allowance And Recorded Investment By Covered Loan Portfolio

) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Commercial

 

 

 

 

 

 

 

Consumer

 

 

 

 

Real Estate

 

Commercial

 

Residential

 

& Other

 

Total

Allowance for covered loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality (1)

$
11,756 

 

$
4,559 

 

$
755 

 

$
315 

 

$
17,385 

Collectively evaluated for impairment (2)

 
373 

 

 
421 

 

 
49 

 

 
47 

 

 
890 

Total

$
12,129 

 

$
4,980 

 

$
804 

 

$
362 

 

$
18,275 

Covered loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality (1)

$
393,464 

 

$
25,402 

 

$
46,382 

 

$
3,360 

 

$
468,608 

Collectively evaluated for impairment (2)

 
6,050 

 

 
13,119 

 

 
4,885 

 

 
2,691 

 

 
26,745 

Total

$
399,514 

 

$
38,521 

 

$
51,267 

 

$
6,051 

 

$
495,353 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Commercial

 

 

 

 

 

 

 

Consumer

 

 

 

 

Real Estate

 

Commercial

 

Residential

 

& Other

 

Total

Allowance for covered loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality (1)

$
8,491 

 

$
3,366 

 

$
955 

 

$
395 

 

$
13,207 

Collectively evaluated for impairment (2)

 
448 

 

 
598 

 

 
36 

 

 
31 

 

 
1,113 

Total

$
8,939 

 

$
3,964 

 

$
991 

 

$
426 

 

$
14,320 

Covered loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans acquired with deteriorated credit quality (1)

$
503,575 

 

$
39,427 

 

$
59,980 

 

$
5,410 

 

$
608,392 

Collectively evaluated for impairment (2)

 
3,062 

 

 
18,149 

 

 
4,608 

 

 
2,560 

 

 
28,379 

Total

$
506,637 

 

$
57,576 

 

$
64,588 

 

$
7,970 

 

$
636,771 

 

(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.

Internal Risk Rating By Covered Loans Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass/Watch

 

Mention

 

Substandard

 

Doubtful

 

Loss

 

Total

Commercial real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term & multifamily

$
243,723 

 

$
47,880 

 

$
62,811 

 

$
14,925 

 

$

 -

 

$
369,339 

Construction & development

 
1,792 

 

 
195 

 

 
4,315 

 

 
3,386 

 

 

 -

 

 
9,688 

Residential development

 

 -

 

 
391 

 

 
6,658 

 

 
1,309 

 

 

 -

 

 
8,358 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term

 
9,020 

 

 
3,401 

 

 
4,986 

 

 
2,021 

 

 

 -

 

 
19,428 

LOC & other

 
11,498 

 

 
354 

 

 
1,080 

 

 
1,181 

 

 

 -

 

 
14,113 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 
27,596 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
27,596 

Home equity loans & lines

 
22,790 

 

 

 -

 

 
77 

 

 

 -

 

 

 -

 

 
22,867 

Consumer & other

 
5,689 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
5,689 

Total

$
322,108 

 

$
52,221 

 

$
79,927 

 

$
22,822 

 

$

 -

 

$
477,078 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

Special

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass/Watch

 

Mention

 

Substandard

 

Doubtful

 

Loss

 

Total

Construction & development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term & multifamily

$
329,273 

 

$
58,610 

 

$
68,521 

 

$
12,343 

 

$

 -

 

$
468,747 

Construction & development

 
1,552 

 

 
1,410 

 

 
6,733 

 

 
3,410 

 

 

 -

 

 
13,105 

Residential development

 
1,187 

 

 
405 

 

 
8,394 

 

 
5,808 

 

 

 -

 

 
15,794 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term

 
18,006 

 

 
1,661 

 

 
8,244 

 

 
3,228 

 

 

 -

 

 
31,139 

LOC & other

 
13,605 

 

 
2,756 

 

 
5,607 

 

 
556 

 

 

 -

 

 
22,524 

Residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 
35,233 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
35,233 

Home equity loans & lines

 
28,223 

 

 

 -

 

 
143 

 

 

 -

 

 

 -

 

 
28,366 

Consumer & other

 
7,543 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
7,543 

Total

$
434,622 

 

$
64,842 

 

$
97,642 

 

$
25,345 

 

$

 -

 

$
622,451 

 

Summary Of Activity In Covered Other Real Estate Owned

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

Balance, beginning of period

$
19,491 

 

$
29,863 

Additions to covered OREO

 
6,987 

 

 
15,271 

Dispositions of covered OREO

 
(11,458)

 

 
(16,934)

Valuation adjustments in the period

 
(4,646)

 

 
(8,709)

Balance, end of period

$
10,374 

 

$
19,491 

 

Summary Of Activity Related To The FDIC Indemnification Assset

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Balance, beginning of period

$
28,547 

 

$
28,272 

 

$
34,270 

 

$
91,089 

Change in FDIC indemnification asset

 
(9,611)

 

 
(6,355)

 

 
732 

 

 
(15,234)

Transfers to due from FDIC and other

 
(4,060)

 

 
(6,807)

 

 
(12,190)

 

 
(23,057)

Balance, end of period

$
14,876 

 

$
15,110 

 

$
22,812 

 

$
52,798 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Evergreen

 

Rainier

 

Nevada Security

 

Total

Balance, beginning of period

$
40,606 

 

$
43,726 

 

$
62,081 

 

$
146,413 

Change in FDIC indemnification asset

 
1,357 

 

 
(7,343)

 

 
(182)

 

 
(6,168)

Transfers to due from FDIC and other

 
(13,416)

 

 
(8,111)

 

 
(27,629)

 

 
(49,156)

Balance, end of period

$
28,547 

 

$
28,272 

 

$
34,270 

 

$
91,089