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Allowance for Non-Covered Loan Loss and Credit Quality (Tables)
 9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following table summarizes activity related to the allowance for non-covered loan and lease losses by non-covered loan and lease portfolio segment for three and nine months ended September 30, 2013 and 2012, respectively: 
 
(in thousands)
 
Three months ended September 30, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Balance, beginning of period
$
55,249

 
$
21,587

 
$
8,250

 
$
750

 
$
—

 
$
85,836

Charge-offs
(3,101
)
 
(1,754
)
 
(1,181
)
 
(281
)
 
—

 
(6,317
)
Recoveries
880

 
1,101

 
41

 
145

 
—

 
2,167

Provision
565

 
2,346

 
(68
)
 
165

 
—

 
3,008

Balance, end of period
$
53,593

 
$
23,280

 
$
7,042

 
$
779

 
$
—

 
$
84,694

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Balance, beginning of period
$
56,341

 
$
19,587

 
$
6,652

 
$
1,038

 
$
—

 
$
83,618

Charge-offs
(4,892
)
 
(1,782
)
 
(516
)
 
(454
)
 
—

 
(7,644
)
Recoveries
1,020

 
409

 
171

 
107

 
—

 
1,707

Provision
2,779

 
2,540

 
1,381

 
331

 
47

 
7,078

Balance, end of period
$
55,248

 
$
20,754

 
$
7,688

 
$
1,022

 
$
47

 
$
84,759

 


(in thousands)
 
Nine months ended September 30, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Balance, beginning of period
$
54,909

 
$
22,925

 
$
6,925

 
$
632

 
$
—

 
$
85,391

Charge-offs
(6,595
)
 
(9,541
)
 
(2,813
)
 
(697
)
 
—

 
(19,646
)
Recoveries
2,830

 
2,554

 
221

 
355

 
—

 
5,960

Provision
2,449

 
7,342

 
2,709

 
489

 
—

 
12,989

Balance, end of period
$
53,593

 
$
23,280

 
$
7,042

 
$
779

 
$
—

 
$
84,694

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Balance, beginning of period
$
59,574

 
$
20,485

 
$
7,625

 
$
867

 
$
4,417

 
$
92,968

Charge-offs
(18,007
)
 
(8,741
)
 
(4,030
)
 
(1,159
)
 
—

 
(31,937
)
Recoveries
2,327

 
3,856

 
338

 
324

 
—

 
6,845

Provision
11,354

 
5,154

 
3,755

 
990

 
(4,370
)
 
16,883

Balance, end of period
$
55,248

 
$
20,754

 
$
7,688

 
$
1,022

 
$
47

 
$
84,759


The following table presents the allowance and recorded investment in non-covered loans and leases by portfolio segment and balances individually or collectively evaluated for impairment as of September 30, 2013 and 2012, respectively: 
 
(in thousands)
 
September 30, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment
$
52,199

 
$
23,270

 
$
7,042

 
$
779

 
$
—

 
$
83,290

Individually evaluated for impairment
1,394

 
10

 
—

 
—

 
—

 
1,404

Total
$
53,593

 
$
23,280

 
$
7,042

 
$
779

 
$
—

 
$
84,694

Non-covered loans and leases:
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
4,235,408

 
$
2,039,566

 
$
806,402

 
$
43,621

 
 
 
$
7,124,997

Individually evaluated for impairment
97,382

 
12,736

 
—

 
—

 
 
 
110,118

Total
$
4,332,790

 
$
2,052,302

 
$
806,402

 
$
43,621

 
 
 
$
7,235,115

 
(in thousands)
 
September 30, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Unallocated
 
Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment
$
54,115

 
$
20,754

 
$
7,683

 
$
1,022

 
$
47

 
$
83,621

Individually evaluated for impairment
1,133

 
—

 
5

 
—

 
—

 
1,138

Total
$
55,248

 
$
20,754

 
$
7,688

 
$
1,022

 
$
47

 
$
84,759

Non-covered loans and leases:
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
3,816,106

 
$
1,602,735

 
$
654,956

 
$
37,874

 
 
 
$
6,111,671

Individually evaluated for impairment
129,690

 
18,371

 
793

 
—

 
 
 
148,854

Total
$
3,945,796

 
$
1,621,106

 
$
655,749

 
$
37,874

 
 
 
$
6,260,525
Schedule of Reserve for Unfunded Commitments and Unfunded Commitments
The following table presents a summary of activity in the reserve for unfunded commitments (“RUC”) and unfunded commitments for the three and nine months ended September 30, 2013 and 2012, respectively: 

(in thousands) 
 
Three months ended September 30, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
196

 
$
855

 
$
200

 
$
76

 
$
1,327

Net change to other expense
3

 
11

 
24

 
10

 
48

Balance, end of period
$
199

 
$
866

 
$
224

 
$
86

 
$
1,375

 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
107

 
$
790

 
$
162

 
$
67

 
$
1,126

Net change to other expense
18

 
1,607

 
2

 
4

 
1,631

Balance, end of period
$
125

 
$
2,397

 
$
164

 
$
71

 
$
2,757


(in thousands) 
 
Nine months ended September 30, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
172

 
$
807

 
$
173

 
$
71

 
$
1,223

Net change to other expense
27

 
59

 
51

 
15

 
152

Balance, end of period
$
199

 
$
866

 
$
224

 
$
86

 
$
1,375

 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
59

 
$
633

 
$
185

 
$
63

 
$
940

Net change to other expense
66

 
1,764

 
(21
)
 
8

 
1,817

Balance, end of period
$
125

 
$
2,397

 
$
164

 
$
71

 
$
2,757


(in thousands)  
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Unfunded loan commitments:
 
 
 
 
 
 
 
 
 
September 30, 2013
$
222,879

 
$
1,011,643

 
$
322,612

 
$
53,601

 
$
1,610,735

September 30, 2012
$
139,479

 
$
900,875

 
$
255,499

 
$
55,312

 
$
1,351,165
Non-Covered Loans Sold
The following table summarizes loans sold by loan portfolio during the three and nine months ended September 30, 2013 and 2012, respectively: 
 
(In thousands) 
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
$
4,927

 
$
6,410

 
$
7,777

 
$
11,350

Construction & development
—

 
—

 
3,515

 
—

Residential development
—

 
12

 
363

 
12

Commercial
 
 
 
 
 
 
 
Term
1,098

 
—

 
47,635

 
—

LOC & other
—

 
1,110

 
—

 
1,942

Residential
 
 
 
 
 
 
 
Mortgage
1,008

 
—

 
1,008

 
192

Home equity loans & lines
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

Total
$
7,033

 
$
7,532

 
$
60,298

 
$
13,496
Non-Covered Non-Accrual Loans And Loans Past Due
The following table summarizes our non-covered non-accrual loans and leases and loans and leases past due by loan and lease class as of September 30, 2013 and December 31, 2012: 

(in thousands)
 
September 30, 2013
 
30-59
 
60-89
 
Greater Than
 
 
 
 
 
 
 
Total Non-
 
Days
 
Days
 
90 Days and
 
Total
 
 
 
Current &
 
covered Loans
 
Past Due
 
Past Due
 
Accruing
 
Past Due
 
Nonaccrual
 
Other (1)
 
and Leases
Commercial real estate
 

 
 

 
 

 
 

 
 

 
 

 
 

Term & multifamily
$
6,349

 
$
3,389

 
$
1,402

 
$
11,140

 
$
18,529

 
$
3,976,314

 
$
4,005,983

Construction & development
—

 
—

 
—

 
—

 
5,130

 
242,679

 
247,809

Residential development
768

 
605

 
—

 
1,373

 
2,871

 
74,754

 
78,998

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
2,760

 
238

 
—

 
2,998

 
10,534

 
755,641

 
769,173

LOC & other
2,110

 
3,330

 
470

 
5,910

 
2,741

 
1,274,478

 
1,283,129

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
562

 
898

 
2,690

 
4,150

 
—

 
546,050

 
550,200

Home equity loans & lines
492

 
453

 
346

 
1,291

 
—

 
254,911

 
256,202

Consumer & other
53

 
53

 
28

 
134

 
—

 
43,487

 
43,621

Total
$
13,094

 
$
8,966

 
$
4,936

 
$
26,996

 
$
39,805

 
$
7,168,314

 
$
7,235,115

Deferred loan fees, net
 
 
 
 
 
 
 
 
 

 
 
 
(6,211
)
Total
 

 
 

 
 

 
 

 
 

 
 

 
$
7,228,904


(1) Other includes non-covered loans accounted for under ASC 310-30.

(in thousands) 
 
December 31, 2012
 
30-59
 
60-89
 
Greater Than
 
 
 
 
 
 
 
Total Non-
 
Days
 
Days
 
90 Days and
 
Total
 
 
 
Current &
 
covered Loans
 
Past Due
 
Past Due
 
Accruing
 
Past Due
 
Nonaccrual
 
Other (1)
 
and Leases
Commercial real estate
 

 
 

 
 

 
 

 
 

 
 

 
 

Term & multifamily
$
7,747

 
$
2,784

 
$
—

 
$
10,531

 
$
43,290

 
$
3,884,622

 
$
3,938,443

Construction & development
283

 
—

 
—

 
283

 
4,177

 
197,658

 
202,118

Residential development
479

 
—

 
—

 
479

 
5,132

 
51,598

 
57,209

Commercial
 
 
 
 
 

 
 
 
 
 
 
 
 
Term
3,009

 
746

 
81

 
3,836

 
7,040

 
786,926

 
797,802

LOC & other
1,647

 
1,503

 
—

 
3,150

 
7,027

 
913,151

 
923,328

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
2,906

 
602

 
3,303

 
6,811

 
—

 
469,768

 
476,579

Home equity loans & lines
1,398

 
214

 
758

 
2,370

 
49

 
258,378

 
260,797

Consumer & other
282

 
191

 
90

 
563

 
21

 
36,743

 
37,327

Total
$
17,751

 
$
6,040

 
$
4,232

 
$
28,023

 
$
66,736

 
$
6,598,844

 
$
6,693,603

Deferred loan fees, net
 
 
 
 
 
 
 
 
 

 
 
 
(12,523
)
Total
 

 
 

 
 

 
 

 
 

 
 

 
$
6,681,080


(1) Other includes non-covered loans accounted for under ASC 310-30.
Non-Covered Impaired Loans
The following table summarizes our non-covered impaired loans by loan class as of September 30, 2013 and December 31, 2012: 
 
(in thousands)
 
September 30, 2013
 
Unpaid
 
 
 
 
 
Principal
 
Recorded
 
Related
 
Balance
 
Investment
 
Allowance
With no related allowance recorded:
 
 
 
 
 
Commercial real estate
 
 
 
 
 
Term & multifamily
$
30,320

 
$
27,685

 
$
—

Construction & development
14,710

 
13,690

 
—

Residential development
10,876

 
6,046

 
—

Commercial
 
 
 
 
 
Term
16,262

 
10,535

 
—

LOC & other
1,193

 
636

 
—

Residential
 
 
 
 
 
Mortgage
—

 
—

 
—

Home equity loans & lines
159

 
—

 
—

Consumer & other
—

 
—

 
—

With an allowance recorded:
 
 
 
 
 
Commercial real estate
 
 
 
 
 
Term & multifamily
36,692

 
36,692

 
1,278

Construction & development
1,091

 
1,091

 
11

Residential development
12,178

 
12,178

 
105

Commercial
 
 
 
 
 
Term
300

 
300

 
6

LOC & other
1,265

 
1,265

 
4

Residential
 
 
 
 
 
Mortgage
—

 
—

 
—

Home equity loans & lines
—

 
—

 
—

Consumer & other
—

 
—

 
—

Total:
 
 
 
 
 
Commercial real estate
105,867

 
97,382

 
1,394

Commercial
19,020

 
12,736

 
10

Residential
159

 
—

 
—

Consumer & other
—

 
—

 
—

Total
$
125,046

 
$
110,118

 
$
1,404

 
 
(in thousands)
 
December 31, 2012
 
Unpaid
 
 
 
 
 
Principal
 
Recorded
 
Related
 
Balance
 
Investment
 
Allowance
With no related allowance recorded:
 
 
 
 
 
Commercial real estate
 
 
 
 
 
Term & multifamily
$
49,953

 
$
43,406

 
$
—

Construction & development
18,526

 
15,638

 
—

Residential development
9,293

 
6,091

 
—

Commercial
 
 
 
 
 
Term
13,729

 
10,532

 
—

LOC & other
10,778

 
7,846

 
—

Residential
 
 
 
 
 
Mortgage
—

 
—

 
—

Home equity loans & lines
50

 
49

 
—

Consumer & other
21

 
21

 
—

With an allowance recorded:
 
 
 
 
 
Commercial real estate
 
 
 
 
 
Term & multifamily
41,016

 
41,016

 
1,198

Construction & development
1,091

 
1,091

 
14

Residential development
16,593

 
16,593

 
184

Commercial
 
 
 
 
 
Term
—

 
—

 
—

LOC & other
—

 
—

 
—

Residential
 
 
 
 
 
Mortgage
—

 
—

 
—

Home equity loans & lines
126

 
126

 
5

Consumer & other
—

 
—

 
—

Total:
 
 
 
 
 
Commercial real estate
136,472

 
123,835

 
1,396

Commercial
24,507

 
18,378

 
—

Residential
176

 
175

 
5

Consumer & other
21

 
21

 
—

Total
$
161,176

 
$
142,409

 
$
1,401
Schedule Of Average Recorded Investment And Interest Income Recognized
The following table summarizes our average recorded investment and interest income recognized on impaired non-covered loans by loan class for the three and nine months ended September 30, 2013 and 2012: 

(in thousands) 
 
Three months ended
 
Three months ended
 
September 30, 2013
 
September 30, 2012
 
Average
 
Interest
 
Average
 
Interest
 
Recorded
 
Income
 
Recorded
 
Income
 
Investment
 
Recognized
 
Investment
 
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
$
35,289

 
$
—

 
$
45,832

 
$
—

Construction & development
11,155

 
—

 
16,990

 
—

Residential development
5,576

 
—

 
14,748

 
—

Commercial
 
 
 
 
 
 
 
Term
11,297

 
—

 
12,037

 
—

LOC & other
1,000

 
—

 
6,731

 
—

Residential
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
729

 
—

Consumer & other
—

 
—

 
—

 
—

With an allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
36,261

 
438

 
28,918

 
352

Construction & development
2,452

 
122

 
2,712

 
169

Residential development
13,866

 
165

 
15,575

 
199

Commercial
 
 
 
 
 
 
 
Term
325

 
4

 
182

 
44

LOC & other
1,268

 
13

 
—

 
—

Residential
 
 
 
 
 
 
 
Mortgage
238

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
127

 
2

Consumer & other
—

 
—

 
—

 
—

Total:
 
 
 
 
 
 
 
Commercial real estate
104,599

 
725

 
124,775

 
720

Commercial
13,890

 
17

 
18,950

 
44

Residential
238

 
—

 
856

 
2

Consumer & other
—

 
—

 
—

 
—

Total
$
118,727

 
$
742

 
$
144,581

 
$
766

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
Nine months ended
 
September 30, 2013
 
September 30, 2012
 
Average
 
Interest
 
Average
 
Interest
 
Recorded
 
Income
 
Recorded
 
Income
 
Investment
 
Recognized
 
Investment
 
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
$
37,484

 
$
—

 
$
45,462

 
$
—

Construction & development
12,902

 
—

 
18,464

 
—

Residential development
8,046

 
—

 
17,874

 
—

Commercial
 
 
 
 
 
 
 
Term
11,546

 
—

 
12,325

 
—

LOC & other
3,239

 
—

 
7,975

 
—

Residential
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

Home equity loans & lines
88

 
—

 
364

 
—

Consumer & other
1

 
—

 
—

 
—

With an allowance recorded:
 
 
 
 
 
 
 
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
36,995

 
1,301

 
25,916

 
785

Construction & development
2,099

 
363

 
2,727

 
513

Residential development
15,467

 
474

 
18,873

 
600

Commercial
 
 
 
 
 
 
 
Term
1,142

 
13

 
554

 
140

LOC & other
1,150

 
39

 
994

 
—

Residential
 
 
 
 
 
 
 
Mortgage
191

 
—

 
—

 
—

Home equity loans & lines
32

 
—

 
128

 
5

Consumer & other
—

 
—

 
—

 
—

Total:
 
 
 
 
 
 
 
Commercial real estate
112,993

 
2,138

 
129,316

 
1,898

Commercial
17,077

 
52

 
21,848

 
140

Residential
311

 
—

 
492

 
5

Consumer & other
1

 
—

 
—

 
—

Total
$
130,382

 
$
2,190

 
$
151,656

 
$
2,043
Internal Risk Rating By Loan Class
The following table summarizes our internal risk rating by loan and lease class for the non-covered loan and lease portfolio as of September 30, 2013 and December 31, 2012: 
 
(in thousands)  
 
September 30, 2013
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
3,646,254

 
$
147,094

 
$
148,258

 
$
—

 
$
—

 
$
64,377

 
$
4,005,983

Construction & development
227,008

 
1,894

 
4,126

 
—

 
—

 
14,781

 
247,809

Residential development
54,480

 
2,896

 
3,398

 
—

 
—

 
18,224

 
78,998

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
722,140

 
15,210

 
20,988

 
—

 
—

 
10,835

 
769,173

LOC & other
1,227,521

 
35,349

 
15,830

 
2,364

 
164

 
1,901

 
1,283,129

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
546,048

 
1,466

 
570

 
—

 
2,116

 
—

 
550,200

Home equity loans & lines
254,912

 
945

 
15

 
—

 
330

 
—

 
256,202

Consumer & other
43,487

 
106

 
15

 
—

 
13

 
—

 
43,621

Total
$
6,721,850

 
$
204,960

 
$
193,200

 
$
2,364

 
$
2,623

 
$
110,118

 
$
7,235,115

Deferred loan fees, net
 
 
 
 
 
 
 
 
 
 
 
 
(6,211
)
Total
 
 
 
 
 
 
 
 
 
 
 
 
$
7,228,904


(in thousands)
 
December 31, 2012
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
3,515,753

 
$
203,643

 
$
134,625

 
$
—

 
$
—

 
$
84,422

 
$
3,938,443

Construction & development
166,660

 
12,666

 
6,063

 
—

 
—

 
16,729

 
202,118

Residential development
25,082

 
4,379

 
5,064

 
—

 
—

 
22,684

 
57,209

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term
718,122

 
22,255

 
46,893

 
—

 
—

 
10,532

 
797,802

LOC & other
880,385

 
19,521

 
15,576

 
—

 
—

 
7,846

 
923,328

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
469,325

 
3,507

 
1,120

 
—

 
2,627

 
—

 
476,579

Home equity loans & lines
258,252

 
1,612

 
—

 
—

 
758

 
175

 
260,797

Consumer & other
36,797

 
419

 
57

 
—

 
33

 
21

 
37,327

Total
$
6,070,376

 
$
268,002

 
$
209,398

 
$
—

 
$
3,418

 
$
142,409

 
$
6,693,603

Deferred loan fees, net
 
 
 
 
 
 
 
 
 
 
 
 
(12,523
)
Total
 
 
 
 
 
 
 
 
 
 
 
 
$
6,681,080
Schedule Of Troubled Debt Restructurings
The following tables present newly non-covered restructured loans that occurred during the three and nine months ended September 30, 2013 and 2012, respectively: 
 
(in thousands)
 
Three months ended September 30, 2013
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
Total
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Construction & development
—

 
—

 
—

 
—

 
—

 
—

Residential development
—

 
—

 
—

 
—

 
—

 
—

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term
—

 
—

 
—

 
—

 
3,588

 
3,588

LOC & other
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

 
—

 
—

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
3,588

 
$
3,588

 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30, 2012
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
Total
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
14,920

 
$
—

 
$
—

 
$
—

 
$
2,554

 
$
17,474

Construction & development
—

 
—

 
—

 
—

 
—

 
—

Residential development
—

 
—

 
—

 
—

 
—

 
—

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term
—

 
—

 
—

 
820

 
—

 
820

LOC & other
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

 
—

 
—

Total
$
14,920

 
$
—

 
$
—

 
$
820

 
$
2,554

 
$
18,294

 
(in thousands)
 
Nine months ended September 30, 2013
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
Total
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
—

 
$
—

 
$
4,291

 
$
—

 
$
—

 
$
4,291

Construction & development
—

 
—

 
—

 
—

 
—

 
—

Residential development
—

 
—

 
—

 
—

 
—

 
—

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term
—

 
—

 
—

 
—

 
3,588

 
3,588

LOC & other
—

 
—

 
—

 
—

 
452

 
452

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

 
478

 
478

Home equity loans & lines
—

 
—

 
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

 
—

 
—

Total
$
—

 
$
—

 
$
4,291

 
$
—

 
$
4,518

 
$
8,809

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
Total
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
Term & multifamily
$
14,920

 
$
—

 
$
—

 
$
—

 
$
3,357

 
$
18,277

Construction & development
—

 
—

 
—

 
—

 
—

 
—

Residential development
—

 
—

 
—

 
—

 
—

 
—

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term
—

 
—

 
—

 
820

 
—

 
820

LOC & other
—

 
—

 
—

 
—

 
—

 
—

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

 
—

 
—

Total
$
14,920

 
$
—

 
$
—

 
$
820

 
$
3,357

 
$
19,097

  
For the periods presented in the tables above, the outstanding recorded investment was the same pre and post modification. 
 
The following tables represent financing receivables modified as troubled debt restructurings within the previous 12 months for which there was a payment default during the three and nine months ended September 30, 2013 and 2012, respectively: 
 
 
 
(in thousands)
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Commercial real estate
 
 
 
 
 
 
 
Term & multifamily
$
—

 
$
—

 
$
—

 
$
217

Construction & development
—

 
—

 
—

 
—

Residential development
—

 
—

 
—

 
633

Commercial
 
 
 
 
 
 
 
Term
—

 
—

 
—

 
—

LOC & other
—

 
—

 
—

 
26

Residential
 
 
 
 
 
 
 
Mortgage
—

 
—

 
—

 
—

Home equity loans & lines
—

 
—

 
—

 
—

Consumer & other
—

 
—

 
—

 
—

Total
$
—

 
$
—

 
$
—

 
$
876

The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of September 30, 2013 and December 31, 2012: 



















(in thousands) 
 
September 30, 2013
 
Accrual
 
Non-Accrual
 
Total
 
Status
 
Status
 
Modifications
Commercial real estate
 
 
 
 
 
Term & multifamily
$
42,753

 
$
2,907

 
$
45,660

Construction & development
9,651

 
—

 
9,651

Residential development
15,353

 
2,498

 
17,851

Commercial
 
 
 
 
 
Term
—

 
3,849

 
3,849

LOC & other
1,265

 
—

 
1,265

Residential
 
 
 
 
 
Mortgage
475

 
—

 
475

Home equity loans & lines
—

 
—

 
—

Consumer & other
—

 
—

 
—

Total
$
69,497

 
$
9,254

 
$
78,751

 
(in thousands)
 
December 31, 2012
 
Accrual
 
Non-Accrual
 
Total
 
Status
 
Status
 
Modifications
Commercial real estate
 
 
 
 
 
Term & multifamily
$
39,613

 
$
16,605

 
$
56,218

Construction & development
12,552

 
3,516

 
16,068

Residential development
17,141

 
4,921

 
22,062

Commercial
 
 
 
 
 
Term
350

 
4,641

 
4,991

LOC & other
820

 
1,493

 
2,313

Residential
 
 
 
 
 
Mortgage
—

 
—

 
—

Home equity loans & lines
126

 
—

 
126

Consumer & other
—

 
—

 
—

Total
$
70,602

 
$
31,176

 
$
101,778