XML 66 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans And Allowance For Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2012
Loans And Allowance For Credit Losses [Abstract]  
Summary Of Major Portfolio Segment And Specific Loan Class
(In thousands)
 
June 30,
2012
 
December 31,
2011
Loans held for sale
$
139,245

 
$
201,590

Commercial:
 
 
 
Commercial and industrial
$
10,382,676

 
$
10,334,858

Leasing
406,502

 
379,709

Owner occupied
7,810,636

 
8,158,556

Municipal
476,668

 
441,241

Total commercial
19,076,482

 
19,314,364

Commercial real estate:
 
 
 
Construction and land development
2,099,064

 
2,264,909

Term
8,011,281

 
7,883,434

Total commercial real estate
10,110,345

 
10,148,343

Consumer:
 
 
 
Home equity credit line
2,180,857

 
2,187,428

1-4 family residential
4,018,858

 
3,921,216

Construction and other consumer real estate
327,867

 
305,873

Bankcard and other revolving plans
284,112

 
291,018

Other
232,583

 
225,540

Total consumer
7,044,277

 
6,931,075

FDIC-supported loans
642,246

 
750,870

Total loans
$
36,873,350

 
$
37,144,652
Summary Of Changes in The Allowance For Credit Losses
Changes in the allowance for credit losses are summarized as follows:
 
Three Months Ended June 30, 2012
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
631,169

 
$
248,744

 
$
109,101

 
$
21,045

 
$
1,010,059

Additions:
 
 
 
 
 
 
 
 
 
Provision for loan losses
5,733

 
(6,271
)
 
12,455

 
(1,064
)
 
10,853

Adjustment for FDIC-supported loans
 
 
 
 
 
 
(5,856
)
 
(5,856
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(31,576
)
 
(22,823
)
 
(17,322
)
 
(1,964
)
 
(73,685
)
Recoveries
11,033

 
12,399

 
(1,843
)
 
8,756

 
30,345

Net loan and lease charge-offs
(20,543
)
 
(10,424
)
 
(19,165
)
 
6,792

 
(43,340
)
Balance at end of period
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
72,002

 
$
25,799

 
$
917

 
$
—

 
$
98,718

Provision charged (credited) to earnings
(1,449
)
 
5,864

 
453

 
—

 
4,868

Balance at end of period
$
70,553

 
$
31,663

 
$
1,370

 
$
—

 
$
103,586

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

Reserve for unfunded lending commitments
70,553

 
31,663

 
1,370

 
—

 
103,586

Total allowance for credit losses
$
686,912

 
$
263,712

 
$
103,761

 
$
20,917

 
$
1,075,302


 
Six Months Ended June 30, 2012
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
627,825

 
$
275,546

 
$
123,115

 
$
23,472

 
$
1,049,958

Additions:
 
 
 
 
 
 

 
 
Provision for loan losses
32,898

 
(18,410
)
 
12,407

 
(378
)
 
26,517

Adjustment for FDIC-supported loans

 

 

 
(6,913
)
 
(6,913
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(65,053
)
 
(49,834
)
 
(34,331
)
 
(4,481
)
 
(153,699
)
Recoveries
20,689

 
24,747

 
1,200

 
9,217

 
55,853

Net loan and lease charge-offs
(44,364
)
 
(25,087
)
 
(33,131
)
 
4,736

 
(97,846
)
Balance at end of period
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
77,232

 
$
23,572

 
$
1,618

 
$
—

 
$
102,422

Provision charged (credited) to earnings
(6,679
)
 
8,091

 
(248
)
 
—

 
1,164

Balance at end of period
$
70,553

 
$
31,663

 
$
1,370

 
$
—

 
$
103,586

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

Reserve for unfunded lending commitments
70,553

 
31,663

 
1,370

 
—

 
103,586

Total allowance for credit losses
$
686,912

 
$
263,712

 
$
103,761

 
$
20,917

 
$
1,075,302


 
Three Months Ended June 30, 2011
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
694,090

 
$
480,514

 
$
148,110

 
$
27,086

 
$
1,349,800

Additions:
 
 
 
 
 
 
 
 
 
Provision for loan losses
9,825

 
(33,567
)
 
21,990

 
3,082

 
1,330

Adjustment for FDIC-supported loans
 
 
 
 
 
 
(162
)
 
(162
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(49,673
)
 
(64,811
)
 
(23,611
)
 
(4,349
)
 
(142,444
)
Recoveries
13,404

 
10,716

 
3,284

 
1,805

 
29,209

Net loan and lease charge-offs
(36,269
)
 
(54,095
)
 
(20,327
)
 
(2,544
)
 
(113,235
)
Balance at end of period
$
667,646

 
$
392,852

 
$
149,773

 
$
27,462

 
$
1,237,733

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
74,429

 
$
26,300

 
$
1,439

 
$
—

 
$
102,168

Provision charged (credited) to earnings
653

 
(2,448
)
 
(109
)
 
—

 
(1,904
)
Balance at end of period
$
75,082

 
$
23,852

 
$
1,330

 
$
—

 
$
100,264

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
667,646

 
$
392,852

 
$
149,773

 
$
27,462

 
$
1,237,733

Reserve for unfunded lending commitments
75,082

 
23,852

 
1,330

 
—

 
100,264

Total allowance for credit losses
$
742,728

 
$
416,704

 
$
151,103

 
$
27,462

 
$
1,337,997


 
Six Months Ended June 30, 2011
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
761,107

 
$
487,235

 
$
154,326

 
$
37,673

 
$
1,440,341

Additions:
 
 
 
 
 
 
 
 
 
Provision for loan losses
(9,900
)
 
28,295

 
37,946

 
4,989

 
61,330

Adjustment for FDIC-supported loans

 

 

 
(4,676
)
 
(4,676
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(109,056
)
 
(138,191
)
 
(49,932
)
 
(13,233
)
 
(310,412
)
Recoveries
25,495

 
15,513

 
7,433

 
2,709

 
51,150

Net loan and lease charge-offs
(83,561
)
 
(122,678
)
 
(42,499
)
 
(10,524
)
 
(259,262
)
Balance at end of period
$
667,646

 
$
392,852

 
$
149,773

 
$
27,462

 
$
1,237,733

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
83,352

 
$
26,373

 
$
1,983

 
$
—

 
$
111,708

Provision charged (credited) to earnings
(8,270
)
 
(2,521
)
 
(653
)
 
—

 
(11,444
)
Balance at end of period
$
75,082

 
$
23,852

 
$
1,330

 
$
—

 
$
100,264

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
667,646


$
392,852


$
149,773


$
27,462

 
$
1,237,733

Reserve for unfunded lending commitments
75,082


23,852


1,330


—

 
100,264

Total allowance for credit losses
$
742,728

 
$
416,704

 
$
151,103

 
$
27,462

 
$
1,337,997

1 The Purchased Loans section following contains further discussion related to FDIC-supported loans.
Summary Of ALLL And Outstanding Loan Balances According To The Company's Impairment Method
The ALLL and outstanding loan balances according to the Company’s impairment method are summarized as follows:
 
June 30, 2012
(In thousands)
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
34,434

 
$
24,141

 
$
12,042

 
$
542

 
$
71,159

Collectively evaluated for impairment
581,925

 
207,908

 
90,349

 
15,424

 
895,606

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
4,951

 
4,951

Total
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

 
 
 
 
 
 
 
 
 
 
Outstanding loan balances:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
368,751

 
$
505,902

 
$
105,769

 
$
1,819

 
$
982,241

Collectively evaluated for impairment
18,707,731

 
9,604,443

 
6,938,508

 
543,631

 
35,794,313

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
96,796

 
96,796

Total
$
19,076,482

 
$
10,110,345

 
$
7,044,277

 
$
642,246

 
$
36,873,350

 
 
December 31, 2011
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
11,456

 
$
20,971

 
$
8,995

 
$
623

 
$
42,045

Collectively evaluated for impairment
616,369

 
254,575

 
114,120

 
16,830

 
1,001,894

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
6,019

 
6,019

Total
$
627,825

 
$
275,546

 
$
123,115

 
$
23,472

 
$
1,049,958

 
 
 
 
 
 
 
 
 
 
Outstanding loan balances:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
349,662

 
$
668,022

 
$
113,798

 
$
2,701

 
$
1,134,183

Collectively evaluated for impairment
18,964,702

 
9,480,321

 
6,817,277

 
637,962

 
35,900,262

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
110,207

 
110,207

Total
$
19,314,364

 
$
10,148,343

 
$
6,931,075

 
$
750,870

 
$
37,144,652
Summary Of Nonaccrual Loans
Nonaccrual loans are summarized as follows:
(In thousands)
 
June 30,
2012
 
December 31,
2011
Loans held for sale
$
30

 
$
18,216

Commercial:
 
 
 
Commercial and industrial
$
133,241

 
$
126,468

Leasing
1,259

 
1,546

Owner occupied
239,549

 
239,203

Total commercial
374,049

 
367,217

Commercial real estate:
 
 
 
Construction and land development
115,411

 
219,837

Term
182,412

 
156,165

Total commercial real estate
297,823

 
376,002

Consumer:
 
 
 
Home equity credit line
13,741

 
18,376

1-4 family residential
74,935

 
90,857

Construction and other consumer real estate
7,731

 
12,096

Bankcard and other revolving plans
1,256

 
346

Other
1,945

 
2,498

Total consumer loans
99,608

 
124,173

FDIC-supported loans
21,980

 
24,267

Total
$
793,460

 
$
891,659
Summary Of Past Due Loans (Accruing And Nonaccruing)
Past due loans (accruing and nonaccruing) are summarized as follows:
 
June 30, 2012
(In thousands)
 
Current
 
30-89 days
past  due
 
90+ days
past  due
 
Total
past  due
 
Total
loans
 
Accruing
loans
90+ days
past due
 
Nonaccrual
loans
that are
current1
Loans held for sale
$
139,215

 
$
30

 
$
—

 
$
30

 
$
139,245

 
$
—

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10,242,577

 
$
53,792

 
$
86,307

 
$
140,099

 
$
10,382,676

 
$
7,440

 
$
44,566

Leasing
404,387

 
825

 
1,290

 
2,115

 
406,502

 
34

 
—

Owner occupied
7,632,058

 
53,507

 
125,071

 
178,578

 
7,810,636

 
4,674

 
97,109

Municipal
476,668

 
—

 
—

 
—

 
476,668

 
—

 
—

Total commercial
18,755,690

 
108,124

 
212,668

 
320,792

 
19,076,482

 
12,148

 
141,675

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
2,008,441

 
32,853

 
57,770

 
90,623

 
2,099,064

 
2,335

 
50,991

Term
7,885,492

 
36,470

 
89,319

 
125,789

 
8,011,281

 
1,221

 
80,753

Total commercial real estate
9,893,933

 
69,323

 
147,089

 
216,412

 
10,110,345

 
3,556

 
131,744

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,169,606

 
6,188

 
5,063

 
11,251

 
2,180,857

 
—

 
6,001

1-4 family residential
3,960,786

 
13,405

 
44,667

 
58,072

 
4,018,858

 
459

 
27,160

Construction and other consumer real estate
310,855

 
2,101

 
14,911

 
17,012

 
327,867

 
12,096

 
4,339

Bankcard and other revolving plans
279,221

 
3,144

 
1,747

 
4,891

 
284,112

 
1,197

 
580

Other
229,536

 
1,639

 
1,408

 
3,047

 
232,583

 
4

 
465

Total consumer loans
6,950,004

 
26,477

 
67,796

 
94,273

 
7,044,277

 
13,756

 
38,545

FDIC-supported loans
541,689

 
17,430

 
83,127

 
100,557

 
642,246

 
70,453

 
7,395

Total
$
36,141,316

 
$
221,354

 
$
510,680

 
$
732,034

 
$
36,873,350

 
$
99,913

 
$
319,359


 
December 31, 2011
(In thousands)
 
Current
 
30-89 days
past  due
 
90+ days
past  due
 
Total
past due
 
Total
loans
 
Accruing
loans
90+ days
past due
 
Nonaccrual
loans
that are
current1
Loans held for sale
$
183,344

 
$
—

 
$
18,246

 
$
18,246

 
$
201,590

 
$
30

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10,198,434

 
$
62,153

 
$
74,271

 
$
136,424

 
$
10,334,858

 
$
4,966

 
$
47,939

Leasing
377,914

 
1,634

 
161

 
1,795

 
379,709

 
—

 
1,319

Owner occupied
7,953,280

 
93,763

 
111,513

 
205,276

 
8,158,556

 
3,230

 
85,495

Municipal
441,241

 
—

 
—

 
—

 
441,241

 
—

 
—

Total commercial
18,970,869

 
157,550

 
185,945

 
343,495

 
19,314,364

 
8,196

 
134,753

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
2,137,544

 
21,562

 
105,803

 
127,365

 
2,264,909

 
2,471

 
107,991

Term
7,770,268

 
51,592

 
61,574

 
113,166

 
7,883,434

 
4,170

 
88,451

Total commercial real estate
9,907,812

 
73,154

 
167,377

 
240,531

 
10,148,343

 
6,641

 
196,442

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,169,190

 
8,669

 
9,569

 
18,238

 
2,187,428

 
—

 
5,542

1-4 family residential
3,846,012

 
18,985

 
56,219

 
75,204

 
3,921,216

 
2,833

 
32,067

Construction and other consumer real estate
294,371

 
5,008

 
6,494

 
11,502

 
305,873

 
136

 
4,773

Bankcard and other revolving plans
287,541

 
1,984

 
1,493

 
3,477

 
291,018

 
1,309

 
122

Other
221,575

 
1,995

 
1,970

 
3,965

 
225,540

 
—

 
372

Total consumer loans
6,818,689

 
36,641

 
75,745

 
112,386

 
6,931,075

 
4,278

 
42,876

 
 
 
 
 
 
 
 
 
 
 
 
 
 
FDIC-supported loans
634,113

 
27,791

 
88,966

 
116,757

 
750,870

 
74,611

 
6,812

Total
$
36,331,483

 
$
295,136

 
$
518,033

 
$
813,169

 
$
37,144,652

 
$
93,726

 
$
380,883


1 Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Summary Of Outstanding Loan Balances (Accruing And Nonaccruing) Categorized By Credit Quality Indicators
 
June 30, 2012
(In thousands)
Pass
 
Special
Mention
 
Sub-
standard
 
Doubtful
 
Total
loans
 
Total
allowance
Loans held for sale
$
138,633

 
$
—

 
$
612

 
$
—

 
$
139,245

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
9,750,389

 
$
275,392

 
$
343,102

 
$
13,793

 
$
10,382,676

 
 
Leasing
395,595

 
3,232

 
7,675

 
—

 
406,502

 
 
Owner occupied
7,104,691

 
154,787

 
544,520

 
6,638

 
7,810,636

 
 
Municipal
465,266

 
11,402

 
—

 
—

 
476,668

 
 
Total commercial
17,715,941

 
444,813

 
895,297

 
20,431

 
19,076,482

 
$
616,359

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,655,632

 
162,031

 
280,118

 
1,283

 
2,099,064

 
 
Term
7,328,172

 
200,661

 
475,965

 
6,483

 
8,011,281

 
 
Total commercial real estate
8,983,804

 
362,692

 
756,083

 
7,766

 
10,110,345

 
232,049

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,134,373

 
103

 
46,333

 
48

 
2,180,857

 
 
1-4 family residential
3,889,904

 
2,613

 
126,126

 
215

 
4,018,858

 
 
Construction and other consumer real estate
303,565

 
12,127

 
10,644

 
1,531

 
327,867

 
 
Bankcard and other revolving plans
272,140

 
3,553

 
8,419

 
—

 
284,112

 
 
Other
227,976

 
—

 
4,607

 
—

 
232,583

 
 
Total consumer loans
6,827,958

 
18,396

 
196,129

 
1,794

 
7,044,277

 
102,391

FDIC-supported loans
409,492

 
25,297

 
207,457

 
—

 
642,246

 
20,917

Total
$
33,937,195

 
$
851,198

 
$
2,054,966

 
$
29,991

 
$
36,873,350

 
$
971,716

 

 
December 31, 2011
(In thousands)
Pass
 
Special
Mention
 
Sub-
standard
 
Doubtful
 
Total
loans
 
Total
allowance
Loans held for sale
$
182,626

 
$
—

 
$
18,964

 
$
—

 
$
201,590

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
9,612,143

 
$
271,845

 
$
442,139

 
$
8,731

 
$
10,334,858

 
 
Leasing
362,711

 
5,878

 
11,120

 
—

 
379,709

 
 
Owner occupied
7,481,207

 
184,821

 
486,584

 
5,944

 
8,158,556

 
 
Municipal
425,807

 
15,434

 
—

 
—

 
441,241

 
 
Total commercial
17,881,868

 
477,978

 
939,843

 
14,675

 
19,314,364

 
$
627,825

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,647,741

 
187,323

 
426,152

 
3,693

 
2,264,909

 
 
Term
7,243,678

 
196,377

 
437,390

 
5,989

 
7,883,434

 
 
Total commercial real estate
8,891,419

 
383,700

 
863,542

 
9,682

 
10,148,343

 
275,546

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,136,190

 
106

 
51,089

 
43

 
2,187,428

 
 
1-4 family residential
3,788,958

 
5,736

 
126,277

 
245

 
3,921,216

 
 
Construction and other consumer real estate
274,712

 
12,206

 
16,967

 
1,988

 
305,873

 
 
Bankcard and other revolving plans
278,767

 
3,832

 
8,419

 
—

 
291,018

 
 
Other
221,114

 
163

 
4,256

 
7

 
225,540

 
 
Total consumer loans
6,699,741

 
22,043

 
207,008

 
2,283

 
6,931,075

 
123,115

FDIC-supported loans
499,956

 
35,877

 
215,031

 
6

 
750,870

 
23,472

Total
$
33,972,984

 
$
919,598

 
$
2,225,424

 
$
26,646

 
$
37,144,652

 
$
1,049,958
Summary Of Information On Impaired Loans
 
June 30, 2012
(In thousands)
Unpaid
principal
balance
 
Recorded investment
 
Total
recorded
investment
 
Related
allowance
with no
allowance
 
with
allowance
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
218,406

 
$
35,361

 
$
128,168

 
$
163,529

 
$
23,015

Owner occupied
234,421

 
102,753

 
102,469

 
205,222

 
11,419

Total commercial
452,827

 
138,114

 
230,637

 
368,751

 
34,434

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction and land development
277,856

 
97,965

 
125,876

 
223,841

 
7,932

Term
341,484

 
106,839

 
175,222

 
282,061

 
16,209

Total commercial real estate
619,340

 
204,804

 
301,098

 
505,902

 
24,141

Consumer:
 
 
 
 
 
 
 
 
 
Home equity credit line
1,526

 
729

 
28

 
757

 
1

1-4 family residential
110,449

 
40,053

 
55,382

 
95,435

 
11,151

Construction and other consumer real estate
9,331

 
3,124

 
3,967

 
7,091

 
766

Bankcard and other revolving plans
294

 
—

 
294

 
294

 
124

Other
2,638

 
2,192

 
—

 
2,192

 
—

Total consumer loans
124,238

 
46,098

 
59,671

 
105,769

 
12,042

FDIC-supported loans
210,936

 
39,450

 
59,165

 
98,615

 
5,493

Total
$
1,407,341

 
$
428,466

 
$
650,571

 
$
1,079,037

 
$
76,110


 
December 31, 2011
(In thousands)
Unpaid
principal
balance
 
Recorded investment
 
Total
recorded
investment
 
Related
allowance
with no
allowance
 
with
allowance
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
212,263

 
$
69,492

 
$
66,438

 
$
135,930

 
$
6,373

Owner occupied
258,173

 
135,555

 
78,177

 
213,732

 
5,083

Total commercial
470,436

 
205,047

 
144,615

 
349,662

 
11,456

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction and land development
405,499

 
178,113

 
136,634

 
314,747

 
8,925

Term
414,998

 
187,345

 
165,930

 
353,275

 
12,046

Total commercial real estate
820,497

 
365,458

 
302,564

 
668,022

 
20,971

Consumer:
 
 
 
 
 
 
 
 
 
Home equity credit line
1,955

 
384

 
1,469

 
1,853

 
411

1-4 family residential
116,498

 
58,392

 
39,960

 
98,352

 
7,555

Construction and other consumer real estate
13,340

 
4,537

 
6,188

 
10,725

 
1,026

Bankcard and other revolving plans
—

 
—

 
—

 
—

 
—

Other
2,889

 
2,840

 
28

 
2,868

 
3

Total consumer loans
134,682

 
66,153

 
47,645

 
113,798

 
8,995

FDIC-supported loans
353,195

 
47,736

 
65,188

 
112,924

 
6,642

Total
$
1,778,810

 
$
684,394

 
$
560,012

 
$
1,244,406

 
$
48,064

 
Three Months Ended
June 30, 2012
 
Six Months Ended
June 30, 2012
 
(In thousands)
Average
recorded
investment
 
Interest
income
recognized
 
Average
recorded
investment
 
Interest
income
recognized
 
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
$
163,397

 
$
820

 
$
158,783

 
$
1,509

 
Owner occupied
196,213

 
644

 
179,503

 
1,176

 
Total commercial
359,610

 
1,464

 
338,286

 
2,685

 
Commercial real estate:
 
 
 
 
 
 
 
 
Construction and land development
218,087

 
1,385

 
207,418

 
2,940

 
Term
268,798

 
1,416

 
255,229

 
2,789

 
Total commercial real estate
486,885

 
2,801

 
462,647

 
5,729

 
Consumer:
 
 
 
 
 
 
 
 
Home equity credit line
906

 
2

 
998

 
4

 
1-4 family residential
93,188

 
437

 
86,799

 
758

 
Construction and other consumer real estate
7,079

 
43

 
6,763

 
88

 
Bankcard and other revolving plans
98

 
—

 
49

 
—

 
Other
1,550

 
—

 
2,105

 
—

 
Total consumer loans
102,821

 
482

 
96,714


850

 
FDIC-supported loans
102,503

 
11,288

1 
106,570

 
20,148

1 
Total
$
1,051,819

 
$
16,035

 
$
1,004,217

 
$
29,412

 
 
Three Months Ended
June 30, 2011
 
Six Months Ended
June 30, 2011
 
(In thousands)
Average
recorded
investment
 
Interest
income
recognized
 
Average
recorded
investment
 
Interest
income
recognized
 
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
$
191,826

 
$
496

 
$
201,990

 
$
1,140

 
Leasing
129

 
—

 
66

 
—

 
Owner occupied
300,560

 
777

 
312,113

 
1,432

 
Municipal
5,898

 
—

 
2,949

 
—

 
Total commercial
498,413

 
1,273

 
517,118

 
2,572

 
Commercial real estate:
 
 
 
 
 
 
 
 
Construction and land development
489,695


1,212

 
536,495

 
2,574

 
Term
393,803


1,717

 
407,506

 
4,299

 
Total commercial real estate
883,498

 
2,929

 
944,001

 
6,873

 
Consumer:
 
 
 
 
 
 
 
 
Home equity credit line
708

 
—

 
1,332

 
1

 
1-4 family residential
105,397

 
310

 
107,666

 
624

 
Construction and other consumer real estate
10,778

 
8

 
13,382

 
22

 
Bankcard and other revolving plans
10

 
—

 
31

 
—

 
Other
3,932

 
—

 
3,829

 
—

 
Total consumer loans
120,825

 
318

 
126,240

 
647

 
FDIC-supported loans
148,272

 
14,217

1 
161,557

 
28,503

1 
Total
$
1,651,008

 
$
18,737

 
$
1,748,916

 
$
38,595

 
1 The balance of interest income recognized results primarily from accretion of interest income on impaired FDIC-supported loans.
Summary Of Selected Information On TDRs That Includes Recorded Investment On An Accruing And Nonaccruing Basis By Loan Class And Modification Type
 
June 30, 2012
 
Recorded investment resulting from the following modification types:
 
 
(In thousands)
Interest
rate below
market
 
Maturity
or term
extension
 
Principal
forgiveness
 
Payment
deferral
 
Other1
 
Multiple
modification
types2
 
Total
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
280

 
$
5,382

 
$
—

 
$
3,846

 
$
27,194

 
$
19,608

 
$
56,310

Owner occupied
1,316

 
15,230

 
—

 
5,704

 
4,542

 
13,401

 
40,193

Total commercial
1,596

 
20,612

 
—

 
9,550

 
31,736

 
33,009

 
96,503

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,745

 
26,539

 
7

 
59

 
37,078

 
47,928

 
113,356

Term
1,950

 
1,882

 
2,990

 
2,208

 
27,541

 
88,515

 
125,086

Total commercial real estate
3,695

 
28,421

 
2,997

 
2,267

 
64,619

 
136,443

 
238,442

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
194

 
—

 
—

 
—

 
—

 
90

 
284

1-4 family residential
6,174

 
6,936

 
1,059

 
—

 
3,526

 
37,867

 
55,562

Construction and other consumer real estate
156

 
472

 
—

 
—

 
652

 
1,289

 
2,569

Total consumer loans
6,524

 
7,408

 
1,059

 
—

 
4,178

 
39,246

 
58,415

Total accruing
11,815

 
56,441

 
4,056

 
11,817

 
100,533

 
208,698

 
393,360

Nonaccruing
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
339

 
5,700

 
2,643

 
526

 
15,600

 
12,847

 
37,655

Owner occupied
5,142

 
1,141

 
684

 
8,888

 
9,994

 
14,708

 
40,557

Total commercial
5,481

 
6,841

 
3,327

 
9,414

 
25,594

 
27,555

 
78,212

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
16,382

 
2,487

 
—

 
—

 
8,194

 
43,426

 
70,489

Term
4,414

 
37

 
—

 
2,484

 
11,586

 
38,780

 
57,301

Total commercial real estate
20,796

 
2,524

 
—

 
2,484

 
19,780

 
82,206

 
127,790

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
—

 
—

 
—

 
—

 
—

 
128

 
128

1-4 family residential
1,145

 
48

 
311

 
—

 
848

 
15,469

 
17,821

Construction and other consumer real estate
12

 
1,931

 
—

 
—

 
—

 
1,380

 
3,323

Bankcard and other revolving plans
—

 
294

 
—

 
—

 
—

 
—

 
294

Total consumer loans
1,157

 
2,273

 
311

 
—

 
848

 
16,977

 
21,566

Total nonaccruing
27,434

 
11,638

 
3,638

 
11,898

 
46,222

 
126,738

 
227,568

Total
$
39,249

 
$
68,079

 
$
7,694

 
$
23,715

 
$
146,755

 
$
335,436

 
$
620,928

 
 
December 31, 2011
 
Recorded investment resulting from the following modification types:
 
 
(In thousands)
Interest
rate below
market
 
Maturity
or term
extension
 
Principal
forgiveness
 
Payment
deferral
 
Other1
 
Multiple
modification
types2
 
Total
Accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
302

 
$
7,727

 
$
—

 
$
1,955

 
$
27,370

 
$
4,517

 
$
41,871

Owner occupied
1,875

 
15,224

 
37

 
1,008

 
5,504

 
20,449

 
44,097

Total commercial
2,177

 
22,951

 
37

 
2,963

 
32,874

 
24,966

 
85,968

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
644

 
33,284

 
565

 
—

 
28,911

 
34,862

 
98,266

Term
2,738

 
33,885

 
3,027

 
23,640

 
54,031

 
95,868

 
213,189

Total commercial real estate
3,382

 
67,169

 
3,592

 
23,640

 
82,942

 
130,730

 
311,455

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
—

 
—

 
—

 
—

 
32

 
—

 
32

1-4 family residential
3,270

 
1,663

 
525

 
—

 
6,103

 
34,839

 
46,400

Construction and other consumer real estate
166

 
1,444

 
—

 
—

 
635

 
1,981

 
4,226

Other
—

 
28

 
—

 
—

 
—

 
—

 
28

Total consumer loans
3,436

 
3,135

 
525

 
—

 
6,770

 
36,820

 
50,686

Total accruing
8,995

 
93,255

 
4,154

 
26,603

 
122,586

 
192,516

 
448,109

Nonaccruing
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
3,526

 
6,094

 
—

 
1,429

 
8,384

 
10,202

 
29,635

Owner occupied
4,464

 
1,101

 
715

 
6,575

 
17,070

 
10,300

 
40,225

Total commercial
7,990

 
7,195

 
715

 
8,004

 
25,454

 
20,502

 
69,860

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
15,088

 
3,348

 
19

 
2,060

 
7,441

 
94,502

 
122,458

Term
3,445

 
50

 
—

 
4,250

 
4,724

 
65,316

 
77,785

Total commercial real estate
18,533

 
3,398

 
19

 
6,310

 
12,165

 
159,818

 
200,243

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
195

 
—

 
—

 
—

 
253

 
69

 
517

1-4 family residential
1,386

 
85

 
939

 
718

 
1,391

 
18,476

 
22,995

Construction and other consumer real estate
18

 
1,837

 
—

 
—

 
—

 
355

 
2,210

Total consumer loans
1,599

 
1,922

 
939

 
718

 
1,644

 
18,900

 
25,722

Total nonaccruing
28,122

 
12,515

 
1,673

 
15,032

 
39,263

 
199,220

 
295,825

Total
$
37,117

 
$
105,770

 
$
5,827

 
$
41,635

 
$
161,849

 
$
391,736

 
$
743,934


1 Includes TDRs that resulted from other modification types including, but not limited to, a legal judgment awarded on different terms, a bankruptcy plan confirmed on different terms, a settlement that includes the delivery of collateral in exchange for debt reduction, etc.
2 Includes TDRs that resulted from a combination of any of the previous modification types.
Schedule Of Net Financial Impact On Interest Income Due To Interest Rate Modifications Below Market For Accruing TDR Loans
(In thousands)
Three Months Ended
June 30, 2012
 
Six Months Ended
June 30, 2012
 
Year Ended December 31, 2011
Commercial:
 
 
 
 
 
 
 
Commercial and industrial
$
(8
)
 
$
(23
)
 
 
$
(46
)
 
Owner occupied
(329
)
 
(705
)
 
 
(1,650
)
 
Total commercial
(337
)
 
(728
)
 
 
(1,696
)
 
Commercial real estate:
 
 
 
 
 
 
 
Construction and land development
(236
)
 
(469
)
 
 
(244
)
 
Term
(1,473
)
 
(3,026
)
 
 
(7,096
)
 
Total commercial real estate
(1,709
)
 
(3,495
)
 
 
(7,340
)
 
Consumer:
 
 
 
 
 
 
 
Home equity credit line
(19
)
 
(34
)
 
 
—

 
1-4 family residential
(3,992
)
 
(7,841
)
 
 
(10,188
)
 
Construction and other consumer real estate
(107
)
 
(215
)
 
 
(406
)
 
Total consumer loans
(4,118
)
 
(8,090
)
 
 
(10,594
)
 
Total decrease to interest income
$
(6,164
)
1 
$
(12,313
)
1 
 
$
(19,630
)
1 
1Calculated based on the difference between the modified rate and the premodified rate applied to the recorded investment.
Schedule Of Investment Of Accruing And Nonaccruing Loans Modified As Troubled Debt Restructurings
(In thousands)
Three Months Ended
June 30, 2012
 
Six Months Ended
June 30, 2012
 
Year Ended
December 31, 2011
 
Accruing
 
Nonaccruing
 
Total
 
Accruing
 
Nonaccruing
 
Total
 
Accruing
 
Nonaccruing
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
—

 
$
114

 
$
114

 
$
—

 
$
1,291

 
$
1,291

 
$
35

 
$
1,700

 
$
1,735

Owner occupied
—

 
5,405

 
5,405

 
—

 
5,405

 
5,405

 
—

 
441

 
441

Total commercial
—

 
5,519

 
5,519

 
—

 
6,696

 
6,696

 
35

 
2,141

 
2,176

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
—

 
2,765

 
2,765

 
—

 
2,765

 
2,765

 
—

 
11,667

 
11,667

Term
—

 
—

 
—

 
—

 
1,466

 
1,466

 
—

 
5,971

 
5,971

Total commercial real estate
—

 
2,765

 
2,765

 
—

 
4,231

 
4,231

 
—

 
17,638

 
17,638

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
—

 
—

 
—

 
—

 
526

 
526

 
—

 
2,745

 
2,745

Total consumer loans
—

 
—

 
—

 
—

 
526

 
526

 
—

 
2,745

 
2,745

Total
$
—

 
$
8,284

 
$
8,284

 
$
—

 
$
11,453

 
$
11,453

 
$
35

 
$
22,524

 
$
22,559
Schedule Of Outstanding Balances Of All Required Payments And The Related Carrying Amounts For PCI Loans
(In thousands)
 
June 30,
2012
 
December 31,
2011
Commercial
$
274,629

 
$
321,515

Commercial real estate
453,394

 
556,197

Consumer
47,597

 
57,391

Outstanding balance
$
775,620

 
$
935,103

 
 
 
 
Carrying amount
$
578,845

 
$
672,159

ALLL
19,776

 
21,604

Carrying amount, net
$
559,069

 
$
650,555
Schedule Of Changes In The Accretable Yield For PCI Loans
(In thousands)
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2012
 
2011
 
2012
 
2011
Balance at beginning of period
$
174,004

 
$
271,736

 
$
184,679

 
$
277,005

Accretion
(22,882
)
 
(31,247
)
 
(44,415
)
 
(62,690
)
Reclassification from nonaccretable difference
1,678

 
2,520

 
15,547

 
25,912

Disposals and other
4,240

 
(810
)
 
1,229

 
1,972

Balance at end of period
$
157,040

 
$
242,199

 
$
157,040

 
$
242,199
Schedule Of Changes In The FDIC Indemnification Asset
(In thousands)
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2012
 
2011
 
2012
 
2011
Balance at beginning of period
$
121,332

 
$
172,170

 
$
133,810

 
$
195,516

Amounts filed with the FDIC and collected or in process
12,495

 
(6,404
)
 
11,202

 
(12,911
)
Net change in asset balance due to reestimation of projected cash flows 1
(16,660
)
 
(15,209
)
 
(27,845
)
 
(32,048
)
Balance at end of period
$
117,167

 
$
150,557

 
$
117,167

 
$
150,557

Note: Beginning in the latter half of 2011, the FDIC changed its reimbursement process to require that submitted expenses must be paid, not just incurred, to qualify for reimbursement.
1Negative amounts result from the accretion of loan balances based on increases in cash flow estimates on the underlying indemnified loans.