Covered Assets And Indemnification Asset (Tables)

12 Months Ended

Dec. 31, 2011

Covered Assets And Indemnification Asset [Abstract]

Number Of Loans And Acquired Unpaid Principal Balance

(dollars in millions)
	Evergreen		Rainier		Nevada Security
	January 22, 2010		February 26, 2010		June 18, 2010
Performing loans ("Analogized ASC 310-30"):
Number of Pools		15		19		19
Number of Loans		1,263		3,647		402
Acquired Unpaid Principal Balance	$	247.9	$	516.9	$	224.2
Non-performing loans ("Classic ASC 310-30"):
Number of Pools		8		10		9
Number of Loans		127		39		106
Acquired Unpaid Principal Balance	$	120.6	$	44.5	$	103.4
Total Portfolio
Number of Pools		23		29		28
Number of Loans		1,390		3,686		508
Acquired Unpaid Principal Balance	$	368.5	$	561.4	$	327.6

Estimated Fair Value Of Acquired Loans

(in thousands)
	Evergreen		Rainier		Nevada Security
	January 22, 2010		February 26, 2010		June 18, 2010		Total
Commercial real estate
Term & multifamily	$	141,076	$	331,869	$	154,119	$	627,064
Construction & development		18,832		562		9,481		28,875
Residential development		16,219		10,340		15,641		42,200
Commercial
Term		27,272		14,850		18,257		60,379
LOC & other		23,965		18,169		11,408		53,542
Residential
Mortgage		11,886		39,897		1,539		53,322
Home equity loans & lines		8,308		31,029		4,421		43,758
Consumer & other		4,935		11,624		641		17,200
Total	$	252,493	$	458,340	$	215,507	$	926,340

Reconciliation Of Acquired Loan Portfolios

(in thousands)
	Evergreen January  22, 2010			Rainier February  26, 2010			Nevada  Security June 18, 2010			Total
Undiscounted contractual cash flows	$	498,216		$	821,972		$	396,134		$	1,716,322
Undiscounted cash flows not expected to be collected (nonaccretable difference)		(124,131	)		(125,774	)		(115,021	)		(364,926	)
Undiscounted cash flows expected to be collected		374,085			696,198			281,113			1,351,396
Accretable yield at acquisition		(121,592	)		(237,858	)		(65,606	)		(425,056	)
Estimated fair value of loans acquired at acquisition	$	252,493		$	458,340		$	215,507		$	926,340

Covered Loans

(in thousands)
	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
	2010
	Evergreen		Rainier		Nevada Security		Total
Commercial real estate
Term & multifamily	$	124,743	$	303,585	$	141,314	$	569,642
Construction & development		14,470		854		9,389		24,713
Residential development		11,024		2,497		11,372		24,893
Commercial
Term		18,895		10,881		13,000		42,776
LOC & other		11,876		14,320		9,031		35,227
Residential
Mortgage		8,129		35,026		1,669		44,824
Home equity loans & lines		6,740		25,214		3,726		35,680
Consumer & other		2,793		8,071		—		10,864
Total	$	198,670	$	400,448	$	189,501		788,619
Allowance for covered loans								(2,721	)
Total							$	785,898

Changes In Accretable Yield In Acquired Loans

	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
	2010
	Evergreen			Rainier			Nevada Security			Total
Balance, beginning of period	$	—		$	—		$	—		$	—
Additions resulting from acquisitions		121,592			237,858			65,606			425,056
Accretion to interest income		(29,060	)		(32,979	)		(10,978	)		(73,017	)
Disposals		(6,572	)		(12,830	)		(2,376	)		(21,778	)
Reclassifications (to)/from nonaccretable difference		4,810			(19,435	)		21,263			6,638
Balance, end of period	$	90,770		$	172,614		$	73,515		$	336,899

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

(in thousands)
	December 31, 2011
	Commercial Real Estate			Commercial			Residential			Consumer & 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
	December 31, 2010
	Commercial Real Estate			Commercial			Residential			Consumer & Other			Total
Balance, beginning of period	$	—		$	—		$	—		$	—		$	—
Charge-offs		(2,439	)		(266	)		—			—			(2,705	)
Recoveries		11			263			—			1			275
Provision		4,893			179			56			23			5,151
Balance, end of period	$	2,465		$	176		$	56		$	24		$	2,721

Allowance And Recorded Investment By Covered Loan Portfolio

(in thousands)
	December 31, 2011
	Commercial Real Estate		Commercial		Residential		Consumer & 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
	December 31, 2010
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Allowance for covered loans and leases:
Loans acquired with deteriorated credit quality(1)	$	2,345	$	—	$	—	$	—	$	2,345
Collectively evaluated for impairment		120		176		56		24		376
Total	$	2,465	$	176	$	56	$	24	$	2,721
Covered loans and leases:
Loans acquired with deteriorated credit quality(1)	$	614,361	$	63,252	$	72,650	$	8,610	$	758,873
Collectively evaluated for impairment		4,887		14,751		7,854		2,254		29,746
Total	$	619,248	$	78,003	$	80,504	$	10,864	$	788,619

(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

(in thousands)
	December 31, 2011
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Total
Commercial real estate
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
	December 31, 2010
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Total
Commercial real estate
Term & multifamily	$	485,238	$	32,150	$	44,833	$	7,421	$	—	$	569,642
Construction & development		6,155		3,799		7,640		4,841		—		22,435
Residential development		6,625		1,322		12,907		3,852		—		24,706
Commercial
Term		31,760		2,119		7,087		1,634		—		42,600
LOC & other		22,960		4,246		7,183		838		—		35,227
Residential
Mortgage		44,524		—		300		—		—		44,824
Home equity loans & lines		34,998		—		627		—		—		35,625
Consumer & other		10,827		—		12		—		—		10,839
Total	$	643,087	$	43,636	$	80,589	$	18,586	$	—	$	785,898

Summary Of Activity In Covered Other Real Estate Owned

(in thousands)
	2011			2010
Balance, beginning of period	$	29,863		$	—
Acquisition		—			26,939
Additions to covered OREO		15,271			15,350
Dispositions of covered OREO		(16,934	)		(10,485	)
Valuation adjustments in the period		(8,709	)		(1,941	)
Balance, end of period	$	19,491		$	29,863

Summary Of Activity Related To The FDIC Indemnification Asset

(in thousands)
	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		(13,416	)		(8,111	)		(27,629	)		(49,156	)
Balance, end of period	$	28,547		$	28,272		$	34,270		$	91,089
	2010
	Evergreen			Rainier			Nevada Security			Total
Balance, beginning of period	$	—		$	—		$	—		$	—
Acquisitions		71,755			76,603			99,160			247,518
Change in FDIC indemnification asset		(12,864	)		(7,045	)		3,464			(16,445	)
Transfers to due from FDIC		(18,285	)		(25,832	)		(40,543	)		(84,660	)
Balance, end of period	$	40,606		$	43,726		$	62,081		$	146,413