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Covered Assets and Indemnification Asset (Tables)
 12 Months Ended
Dec. 31, 2013
Covered Assets and Indemnification Asset [Abstract]  
Covered Loans
The following table presents the major types of covered loans as of December 31, 2013 and December 31, 2012: 
 
(in thousands) 
 
 
December 31, 2013
 
Evergreen
 
Rainier
 
Nevada Security
 
Total
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
29,019

 
$
117,076

 
$
60,807

 
$
206,902

Owner occupied term, net
18,582

 
14,711

 
16,524

 
49,817

Multifamily, net
7,626

 
22,210

 
7,835

 
37,671

Construction & development, net
1,506

 
—

 
1,949

 
3,455

Residential development, net
1,861

 
—

 
5,425

 
7,286

Commercial
 
 
 
 
 
 
 
Term, net
5,651

 
768

 
9,300

 
15,719

LOC & other, net
2,664

 
1,934

 
2,100

 
6,698

Residential
 
 
 
 
 
 
 
Mortgage, net
3,075

 
17,468

 
1,773

 
22,316

Home equity loans & lines, net
2,820

 
14,782

 
2,035

 
19,637

Consumer & other, net
954

 
3,308

 
—

 
4,262

Total, net of deferred fees and costs
$
73,758

 
$
192,257

 
$
107,748

 
$
373,763

Allowance for covered loans
 
 
 
 
 
 
(9,771
)
Total
 
 
 
 
 
 
$
363,992

 
 
December 31, 2012
 
Evergreen
 
Rainier
 
Nevada Security
 
Total
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
36,074

 
$
157,055

 
$
71,352

 
$
264,481

Owner occupied term, net
26,682

 
18,853

 
23,115

 
68,650

Multifamily, net
10,132

 
23,777

 
10,969

 
44,878

Construction & development, net
4,941

 
637

 
6,133

 
11,711

Residential development, net
3,840

 
—

 
5,954

 
9,794

Commercial
 
 
 
 
 
 
 
Term, net
9,961

 
2,230

 
11,333

 
23,524

LOC & other, net
4,984

 
7,081

 
2,932

 
14,997

Residential
 
 
 
 
 
 
 
Mortgage, net
3,948

 
22,059

 
1,818

 
27,825

Home equity loans & lines, net
3,478

 
17,178

 
2,786

 
23,442

Consumer & other, net
1,855

 
4,143

 
53

 
6,051

Total, net of deferred fees and costs
$
105,895

 
$
253,013

 
$
136,445

 
$
495,353

Allowance for covered loans
 
 
 
 
 
 
(18,275
)
Total
 
 
 
 
 
 
$
477,078
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Roll Forward
The following table presents the changes in the accretable yield for the years ended December 31, 2013 and 2012 for each respective acquired loan portfolio:  
 
(in thousands) 
 
December 31, 2013
 
Evergreen
 
Rainier
 
Nevada Security
 
Total
Balance, beginning of period
$
34,567

 
$
102,468

 
$
46,353

 
$
183,388

Accretion to interest income
(12,695
)
 
(23,511
)
 
(15,292
)
 
(51,498
)
Disposals
(3,221
)
 
(12,362
)
 
(3,703
)
 
(19,286
)
Reclassifications from nonaccretable difference
1,412

 
5,194

 
7,274

 
13,880

Balance, end of period
20,063

 
$
71,789

 
$
34,632

 
$
126,484

 
 
 
 
 
 
 
 
 
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
Activity Related To Allowance For Covered Loan And Lease Losses By Covered Loan Portfolio
The following table summarizes activity related to the allowance for covered loan losses by covered loan portfolio segment for the years ended December 31, 2013 and 2012, respectively: 
 
(in thousands)  
 
December 31, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
12,129

 
$
4,980

 
$
804

 
$
362

 
$
18,275

Charge-offs
(2,303
)
 
(1,544
)
 
(197
)
 
(459
)
 
(4,503
)
Recoveries
1,114

 
531

 
218

 
249

 
2,112

(Recapture) provision
(4,835
)
 
(1,130
)
 
(165
)
 
17

 
(6,113
)
Balance, end of period
$
6,105

 
$
2,837

 
$
660

 
$
169

 
$
9,771

 
 
 
 
 
 
 
 
 
 
 
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
Allowance And Recorded Investment By Covered Loan Portfolio
The following table presents the allowance and recorded investment in covered loans by portfolio segment as of December 31, 2013 and 2012: 
 
(in thousands)  
 
December 31, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Allowance for covered loans:
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality (1)
$
5,995

 
$
2,713

 
$
609

 
$
118

 
$
9,435

Collectively evaluated for impairment (2)
110

 
124

 
51

 
51

 
336

Total
$
6,105

 
$
2,837

 
$
660

 
$
169

 
$
9,771

Covered loans:
 
 
 
 
 
 
 
 
 
Loans acquired with deteriorated credit quality (1)
$
304,232

 
$
15,781

 
$
36,960

 
$
1,739

 
$
358,712

Collectively evaluated for impairment (2)
899

 
6,636

 
4,993

 
2,523

 
15,051

Total
$
305,131

 
$
22,417

 
$
41,953

 
$
4,262

 
$
373,763

 
 
December 31, 2012
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Allowance for covered loans:
 
 
 
 
 
 
 
 
 
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:
 
 
 
 
 
 
 
 
 
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

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

(2) The allowance on covered loan losses includes an allowance on covered loan advances on acquired loans subsequent to acquisition.
Internal Risk Rating By Covered Loans Class
The following table summarizes our internal risk rating grouping by covered loans, net as of December 31, 2013 and December 31, 2012: 
 
(in thousands) 
 
 
December 31, 2013
 
 
 
Special
 
 
 
 
 
 
 
 
 
Pass/Watch
 
Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
133,452

 
$
26,321

 
$
44,279

 
$
—

 
$
—

 
$
204,052

Owner occupied term, net
30,119

 
3,370

 
14,971

 
213

 
—

 
48,673

Multifamily, net
24,213

 
2,563

 
10,409

 
—

 
—

 
37,185

Construction & development, net
1,117

 
—

 
1,686

 
—

 
—

 
2,803

Residential development, net
492

 
224

 
5,541

 
54

 
—

 
6,311

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term, net
3,753

 
3,141

 
6,128

 
258

 
—

 
13,280

LOC & other, net
4,630

 
991

 
681

 
—

 
—

 
6,302

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net
22,175

 
—

 
—

 
—

 
—

 
22,175

Home equity loans & lines, net
19,043

 
—

 
76

 
—

 
—

 
19,119

Consumer & other, net
4,092

 
—

 
—

 
—

 
—

 
4,092

Total, net of deferred fees and costs
$
243,086

 
$
36,610

 
$
83,771

 
$
525

 
$
—

 
$
363,992


 
December 31, 2012
 
 
 
Special
 
 
 
 
 
 
 
 
 
Pass/Watch
 
Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
Construction & development
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
177,791

 
$
30,253

 
$
42,590

 
$
8,471

 
$
—

 
$
259,105

Owner occupied term, net
43,698

 
7,803

 
10,417

 
4,673

 
—

 
66,591

Multifamily, net
22,234

 
9,824

 
9,804

 
1,781

 
—

 
43,643

Construction & development, net
1,792

 
195

 
4,315

 
3,386

 
—

 
9,688

Residential development, net
—

 
391

 
6,658

 
1,309

 
—

 
8,358

Commercial
 
 
 
 
 
 
 
 
 
 
 
Term, net
9,020

 
3,401

 
4,986

 
2,021

 
—

 
19,428

LOC & other, net
11,498

 
354

 
1,080

 
1,181

 
—

 
14,113

Residential
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net
27,596

 
—

 
—

 
—

 
—

 
27,596

Home equity loans & lines, net
22,790

 
—

 
77

 
—

 
—

 
22,867

Consumer & other, net
5,689

 
—

 
—

 
—

 
—

 
5,689

Total, net of deferred fees and costs
$
322,108

 
$
52,221

 
$
79,927

 
$
22,822

 
$
—

 
$
477,078
Summary Of Activity In Covered Other Real Estate Owned
The following table summarizes the activity related to the covered OREO for the years ended December 31, 2013, 2012 and 2011: 
 
(in thousands)  
 
2013
 
2012
 
2011
Balance, beginning of period
$
10,374

 
$
19,491

 
$
29,863

Additions to covered OREO
2,555

 
6,987

 
15,271

Dispositions of covered OREO
(10,115
)
 
(11,458
)
 
(16,934
)
Valuation adjustments in the period
(712
)
 
(4,646
)
 
(8,709
)
Balance, end of period
$
2,102

 
$
10,374

 
$
19,491
Summary Of Activity Related To The FDIC Indemnification Asset
The following table summarizes the activity related to the FDIC indemnification asset for each respective acquired portfolio for the years ended December 31, 2013 and 2012: 

(in thousands) 
 
December 31, 2013
 
Evergreen
 
Rainier
 
Nevada Security
 
Total
Balance, beginning of period
$
14,876

 
$
15,110

 
$
22,812

 
$
52,798

Change in FDIC indemnification asset
(8,556
)
 
(6,280
)
 
(10,713
)
 
(25,549
)
Transfers to due from FDIC and other
(1,111
)
 
(814
)
 
(2,150
)
 
(4,075
)
Balance, end of period
$
5,209

 
$
8,016

 
$
9,949

 
$
23,174

 
 
 
 
 
 
 
 
 
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