Allowance for Non-Covered Loan Loss and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2011

Allowance for Non-Covered Loan Loss and Credit Quality

Activity in the Non-Covered Allowance for Loan and Lease Losses

Three Months Ended June 30, 2011
	Commercial      Real Estate		Commercial		Residential		Consumer   & Other		Unallocated			Total
Balance, beginning of period	$	63,528	$	20,798	$	5,626	$	856	$	7,025		$	97,833
Charge-offs		(12,883)		(3,179)		(2,195)		(354)		-			(18,611)
Recoveries		2,208		695		100		111		-			3,114
Provision		9,129		5,436		1,623		255		(984	)		15,459
Balance, end of period	$	61,982	$	23,750	$	5,154	$	868	$	6,041		$	97,795
	Three Months Ended June 30, 2010
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Unallocated			Total
Balance, beginning of period	$	70,460	$	20,890	$	8,235	$	863	$	10,336		$	110,784
Charge-offs		(19,605)		(9,961)		(1,201)		(787)		-			(31,554)
Recoveries		4,312		370		50		185		-			4,917
Provision		13,048		8,548		2,689		587		4,895			29,767
Balance, end of period	$	68,215	$	19,847	$	9,773	$	848	$	15,231		$	113,914
	Six Months Ended June 30, 2011
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Unallocated			Total
Balance, beginning of period	$	64,405	$	22,146	$	5,926	$	803	$	8,641		$	101,921
Charge-offs		(24,314)		(11,355)		(2,929)		(888)		-			(39,486)
Recoveries		3,453		1,091		121		206		-			4,871
Provision		18,438		11,868		2,036		747		(2,600)			30,489
Balance, end of period	$	61,982	$	23,750	$	5,154	$	868	$	6,041		$	97,795
	Six Months Ended June 30, 2010
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Unallocated			Total
Balance, beginning of period	$	67,281	$	24,583	$	5,811	$	455	$	9,527		$	107,657
Charge-offs		(35,535)		(32,865)		(1,837)		(1,076)		-			(71,313)
Recoveries		4,596		649		170		282		-			5,697
Provision		31,873		27,480		5,629		1,187		5,704			71,873
Balance, end of period	$	68,215	$	19,847	$	9,773	$	848	$	15,231		$	113,914

June 30, 2011
	Commercial   Real Estate		Commercial		Residential		Consumer & Other		Unallocated		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	59,277	$	20,812	$	5,136	$	868	$	6,041	$	92,134
Individually evaluated for impairment		2,705		2,938		18		-		-		5,661
Total	$	61,982	$	23,750	$	5,154	$	868	$	6,041	$	97,795
Non-covered loans and leases:
Collectively evaluated for impairment	$	3,663,034	$	1,330,749	$	522,309	$	34,584			$	5,550,676
Individually evaluated for impairment		166,464		29,921		178		-				196,563
Total	$	3,829,498	$	1,360,670	$	522,487	$	34,584			$	5,747,239

	June 30, 2010
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Unallocated		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	61,127	$	19,836	$	9,548	$	848	$	15,231	$	106,590
Individually evaluated for impairment		7,088		11		225		-				7,324
Total	$	68,215	$	19,847	$	9,773	$	848	$	15,231	$	113,914
Non-covered loans and leases:
Collectively evaluated for impairment	$	3,783,102	$	1,203,558	$	465,633	$	34,215			$	5,486,508
Individually evaluated for impairment		194,373		52,295		4,502		-				251,170
Total	$	3,977,475	$	1,255,853	$	470,135	$	34,215			$	5,737,678

(1) The gross non-covered loan and lease balance excludes deferred loans fees of $11.7 million at June 30, 2011 and $11.0 million at June 30, 2010.

Summary of Reserve for Unfunded Commitments Activity

	Three Months Ended June 30, 2011
	Commercial     Real Estate		Commercial		Residential		Consumer   & Other		Total
Balance, beginning of period	$	76	$	621	$	162	$	52	$	911
Net change to other expense		(15)		84		7		1		77
Balance, end of period	$	61	$	705	$	169	$	53	$	988
	Three Months Ended June 30, 2010
	Commercial     Real Estate		Commercial		Residential		Consumer   & Other		Total
Balance, beginning of period	$	47	$	531	$	140	$	47	$	765
Net change to other expense		(6)		(21)		(4)		-		(31)
Balance, end of period	$	41	$	510	$	136	$	47	$	734
	Six Months Ended June 30, 2011
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Balance, beginning of period	$	33	$	575	$	158	$	52	$	818
Net change to other expense		28		130		11		1		170
Balance, end of period	$	61	$	705	$	169	$	53	$	988
	Six Months Ended June 30, 2010
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Balance, beginning of period	$	57	$	484	$	144	$	46	$	731
Net change to other expense		(16)		26		(8)		1		3
Balance, end of period	$	41	$	510	$	136	$	47	$	734
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Unfunded commitments:
June 30, 2011	$	61,478	$	674,210	$	226,790	$	45,483	$	1,007,961
June 30, 2010		41,354		501,667		209,643		39,938		792,602

Non-Covered Loans Sold

	Three months ended June 30				Six months ended June 30
	2011		2010		2011		2010
Commercial real estate
Term & multifamily	$	1,385	$	969	$	3,884	$	10,728
Construction & development		-		-		-		1,175
Residential development		-		1,399		2		5,434
Commercial
Term		-		3,210		151		3,210
LOC & other		-		-		2,740		462
Total	$	1,385	$	5,578	$	6,777	$	21,009

Non-Covered Non-Accrual Loans and Loans Past Due

	June 30, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days and Accruing		Total Past Due		Nonaccrual		Current		Total Non-covered Loans and Leases
Commercial real estate
Term & multifamily	$	15,154	$	16,940	$	555	$	32,649	$	53,059	$	3,446,426	$	3,532,134
Construction & development		99		-		-		99		8,093		176,515		184,707
Residential development		2,573		-		-		2,573		25,858		84,226		112,657
Commercial
Term		1,548		957		750		3,255		8,070		561,077		572,402
LOC & other		476		495		5,713		6,684		14,809		766,775		788,268
Residential
Mortgage		1,357		908		4,467		6,732		-		238,302		245,034
Home equity loans & lines		1,800		1,277		1,123		4,200		-		273,253		277,453
Consumer & other		207		60		529		796		-		33,788		34,584
Total	$	23,214	$	20,637	$	13,137	$	56,988	$	109,889	$	5,580,362	$	5,747,239
Deferred loan fees, net														(11,686	)
Total													$	5,735,553

	December 31, 2010
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days and Accruing		Total Past Due		Nonaccrual		Current		Total Non-covered Loans and Leases
Commercial real estate
Term & multifamily	$	14,596	$	8,328	$	3,008	$	25,932	$	49,162	$	3,408,381	$	3,483,475
Construction & development		2,172		6,726		-		8,898		20,124		218,792		247,814
Residential development		640		-		-		640		34,586		112,587		147,813
Commercial
Term		2,010		932		-		2,942		6,271		500,240		509,453
LOC & other		5,939		1,418		18		7,375		28,034		712,010		747,419
Residential
Mortgage		1,314		1,101		3,372		5,787		-		216,629		222,416
Home equity loans & lines		1,096		1,351		232		2,679		-		275,906		278,585
Consumer & other		361		233		441		1,035		-		32,008		33,043
Total	$	28,128	$	20,089	$	7,071	$	55,288	$	138,177	$	5,476,553	$	5,670,018
Deferred loan fees, net														(11,031	)
Total													$	5,658,987

Non-covered Impaired Loans

	June 30, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial real estate
Term & multifamily	$	65,617	$	53,059	$	-
Construction & development		33,793		22,446		-
Residential development		50,608		35,396		-
Commercial
Term		10,498		8,923		-
LOC & other		46,650		15,087		-
Residential
Mortgage		-		-		-
Home equity loans & lines		-		-		-
Consumer & other		-		-		-
With an allowance recorded:
Commercial real estate
Term & multifamily		12,705		12,705		396
Construction & development		13,363		12,343		122
Residential development		30,515		30,515		2,187
Commercial
Term		198		198		7
LOC & other		5,713		5,713		2,931
Residential
Mortgage		178		178		18
Home equity loans & lines		-		-		-
Consumer & other		-		-		-
Total:
Commercial real estate		206,601		166,464		2,705
Commercial		63,059		29,921		2,938
Residential		178		178		18
Consumer & other		-		-		-
Total	$	269,838	$	196,563	$	5,661

	December 31, 2010
	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial real estate
Term & multifamily	$	62,605	$	49,790	$	-
Construction & development		33,091		25,558		-
Residential development		63,859		39,011		-
Commercial
Term		8,024		6,969		-
LOC & other		56,046		19,814		-
Residential
Mortgage		-		-		-
Home equity loans & lines		-		-		-
Consumer & other		-		-		-
With an allowance recorded:
Commercial real estate
Term & multifamily		29,926		28,070		1,614
Construction & development		-		-		-
Residential development		46,059		44,504		906
Commercial
Term		205		205		9
LOC & other		9,878		8,519		2,702
Residential
Mortgage		179		179		8
Home equity loans & lines		-		-		-
Consumer & other		-		-		-
Total:
Commercial real estate		235,540		186,933		2,520
Commercial		74,153		35,507		2,711
Residential		179		179		8
Consumer & other		-		-		-
Total	$	309,872	$	222,619	$	5,239

Schedule of Average Recorded Investment and Interest Income Recognized

	For the three months ended June 30, 2011				For the three months ended June 30, 2010
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate
Term & multifamily	$	54,086	$	-	$	57,851	$	-
Construction & development		21,063		-		24,668		-
Residential development		37,841		-		31,695		-
Commercial
Term		8,307		-		10,768		-
LOC & other		17,978		-		42,009		-
Residential
Mortgage		-		-		-		-
Home equity loans & lines		-		-		-		-
Consumer & other		-		-		-		-
With an allowance recorded:
Commercial real estate
Term & multifamily		15,733		233		29,731		220
Construction & development		8,905		266		4,264		-
Residential development		32,943		320		60,605		506
Commercial
Term		202		11		225		12
LOC & other		2,857		-		-		4
Residential
Mortgage		178		1		4,474		62
Home equity loans & lines		-		-		35		-
Consumer & other		-		-		-		-
Total:
Commercial real estate		170,571		819		208,814		726
Commercial		29,344		11		53,002		16
Residential		178		1		4,509		62
Consumer & other		-		-		-		-
Total	$	200,093	$	831	$	266,325	$	804
	For the six months ended June 30, 2011				For the six months ended June 30, 2010
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate
Term & multifamily	$	54,725	$	-	$	60,241	$	-
Construction & development		23,238		-		28,665		-
Residential development		37,762		-		39,438		-
Commercial
Term		8,678		-		10,673		-
LOC & other		24,724		-		46,905		-
Residential
Mortgage		-		-		-		-
Home equity loans & lines		-		-		-		-
Consumer & other		-		-		-		-
With an allowance recorded:
Commercial real estate
Term & multifamily		19,995		424		32,856		451
Construction & development		6,506		338		2,843		-
Residential development		40,165		670		60,053		937
Commercial
Term		268		23		296		24
LOC & other		2,532		-		200		8
Residential
Mortgage		1,369		3		4,705		121
Home equity loans & lines		7		-		23		1
Consumer & other		-		-		-		-
Total:
Commercial real estate		182,391		1,432		224,096		1,388
Commercial		36,202		23		58,074		32
Residential		1,376		3		4,728		122
Consumer & other		-		-		-		-
Total	$	219,969	$	1,458	$	286,898	$	1,542

Internal Risk Rating by Loan Class

	June 30, 2011
	Pass/ Watch		Special Mention		Substandard		Doubtful/Loss		Impaired		Total
Commercial real estate
Term & multifamily	$	3,004,552	$	317,006	$	144,812	$	-	$	65,764	$	3,532,134
Construction & development		111,702		18,625		19,591		-		34,789		184,707
Residential development		24,704		10,021		12,021		-		65,911		112,657
Commercial
Term		509,666		29,983		23,632		-		9,121		572,402
LOC & other		690,219		41,091		36,158		-		20,800		788,268
Residential
Mortgage		238,198		2,369		2,003		2,286		178		245,034
Home equity loans & lines		273,916		2,414		556		567		-		277,453
Consumer & other		33,789		267		36		492		-		34,584
Total	$	4,886,746	$	421,776	$	238,809	$	3,345	$	196,563	$	5,747,239
Deferred loan fees, net												(11,686	)
Total											$	5,735,553
	December 31, 2010
	Pass/ Watch		Special Mention		Substandard		Doubtful/Loss		Impaired		Total
Commercial real estate
Term & multifamily	$	2,978,116	$	314,094	$	113,405	$	-	$	77,860	$	3,483,475
Construction & development		145,108		25,295		51,853		-		25,558		247,814
Residential development		27,428		13,764		23,106		-		83,515		147,813
Commercial
Term		472,512		17,658		12,109		-		7,174		509,453
LOC & other		646,163		30,761		42,162		-		28,333		747,419
Residential
Mortgage		216,899		2,414		786		2,138		179		222,416
Home equity loans & lines		275,906		2,447		125		107		-		278,585
Consumer & other		32,008		595		29		411		-		33,043
Total	$	4,794,140	$	407,028	$	243,575	$	2,656	$	222,619	$	5,670,018
Deferred loan fees, net												(11,031	)
Total											$	5,658,987