Covered Assets And Indemnification Asset (Tables)

3 Months Ended

Mar. 31, 2012

Covered Assets And Indemnification Asset [Abstract]

Covered Loans

(in thousands)

	March 31, 2012
	Evergreen		Rainier		Nevada Security		Total
Commercial real estate
Term & multifamily	$	97,127	$	234,385	$	123,049	$	454,561
Construction & development		6,995		689		6,267		13,951
Residential development		8,791		240		10,316		19,347
Commercial
Term		12,099		4,472		13,818		30,389
LOC & other		7,275		9,239		4,888		21,402
Residential
Mortgage		4,679		25,587		1,853		32,119
Home equity loans & lines		3,905		19,798		3,130		26,833
Consumer & other		2,142		5,033		37		7,212
Total	$	143,013	$	299,443	$	163,358	$	605,814
Allowance for covered loans								(12,635)
Total							$	593,179

(in thousands)

	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

Changes In Accretable Yield In Acquired Loans

(in thousands)

	Three months ended March 31, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	56,479	$	120,334	$	61,021	$	237,833
Accretion to interest income		(4,235)		(7,709)		(4,914)		(16,857)
Disposals		(1,097)		(3,997)		(270)		(5,364)
Reclassifications (to)/from nonaccretable difference		2,323		4,217		3,964		10,504
Balance, end of period	$	53,470	$	112,845	$	59,801	$	226,116

	Three months ended March 31, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	90,771	$	172,615	$	73,515	$	336,901
Accretion to interest income		(7,576)		(8,496)		(5,076)		(21,148)
Disposals		(2,792)		(6,644)		(1,404)		(10,840)
Reclassifications (to)/from nonaccretable difference		(5,322)		(2,190)		2,266		(5,246)
Balance, end of period	$	75,081	$	155,285	$	69,301	$	299,667

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

(in thousands)

	Three Months Ended March 31, 2012
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Balance, beginning of period	$	8,939	$	3,964	$	991	$	426	$	14,320
Charge-offs		(931)		(508)		(303)		(478)		(2,220)
Recoveries		337		169		32		28		566
Provision		(47)		(350)		20		346		(31)
Balance, end of period	$	8,298	$	3,275	$	740	$	322	$	12,635

	Three Months Ended March 31, 2011
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Balance, beginning of period	$	2,465	$	176	$	56	$	24	$	2,721
Charge-offs		(1,327)		(98)		(649)		(13)		(2,087)
Recoveries		283		38		20		-		341
Provision		3,647		1,684		1,535		402		7,268
Balance, end of period	$	5,068	$	1,800	$	962	$	413	$	8,243

Allowance And Recorded Investment By Covered Loan Portfolio

(in thousands)

	March 31, 2012
	Commercial Real Estate		Commercial		Residential		Consumer & Other		Total
Allowance for covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	7,765	$	2,717	$	700	$	281	$	11,463
Collectively evaluated for impairment (2)		533		558		40		41		1,172
Total	$	8,298	$	3,275	$	740	$	322	$	12,635
Covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	485,058	$	34,311	$	54,305	$	4,672	$	578,346
Collectively evaluated for impairment (2)		2,801		17,480		4,647		2,540		27,468
Total	$	487,859	$	51,791	$	58,952	$	7,212	$	605,814

	March 31, 2011
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	4,851	$	1,292	$	936	$	393	$	7,472
Collectively evaluated for impairment		217		508		26		20		771
Total	$	5,068	$	1,800	$	962	$	413	$	8,243
Covered loans and leases:
Loans acquired with deteriorated credit quality (1)	$	580,072	$	50,949	$	72,508	$	8,021	$	711,550
Collectively evaluated for impairment		4,403		20,070		3,697		1,910		30,080
Total	$	584,475	$	71,019	$	76,205	$	9,931	$	741,630

(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)

	March 31, 2012
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Total
Commercial real estate
Term & multifamily	$	312,632	$	55,549	$	66,099	$	15,084	$	-	$	449,364
Construction & development		2,016		226		6,844		3,639		-		12,725
Residential development		133		2,231		9,979		5,212		-		17,555
Commercial
Term		14,268		2,035		8,902		2,665		-		27,870
LOC & other		12,908		2,467		4,902		291		-		20,568
Residential
Mortgage		31,889		-		-		-		-		31,889
Home equity loans & lines		26,187		-		138		-		-		26,325
Consumer & other		6,883		-		-		-		-		6,883
Total	$	406,916	$	62,508	$	96,864	$	26,891	$	-	$	593,179

	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

Summary Of Activity In Covered Other Real Estate Owned

	Three months ended
	March 31,
	2012		2011
Balance, beginning of period	$	19,491	$	29,863
Additions to covered OREO		784		3,036
Dispositions of covered OREO		(4,582)		(3,954)
Valuation adjustments in the period		(2,906)		(1,256)
Balance, end of period	$	12,787	$	27,689

Summary Of Activity Related To The FDIC Indemnification Asset

(in thousands)

	Three months ended March 31, 2012
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	28,547	$	28,272	$	34,270	$	91,089
Change in FDIC indemnification asset		(1,847)		(645)		647		(1,845)
Transfers to due from FDIC and other		(1,849)		(3,265)		(5,713)		(10,827)
Balance, end of period	$	24,851	$	24,362	$	29,204	$	78,417

	Three months ended March 31, 2011
	Evergreen		Rainier		Nevada Security		Total
Balance, beginning of period	$	40,606	$	43,726	$	62,081	$	146,413
Change in FDIC indemnification asset		4,745		(4,110)		2,270		2,905
Transfers to due from FDIC and other		(4,972)		(1,741)		(10,732)		(17,445)
Balance, end of period	$	40,379	$	37,875	$	53,619	$	131,873