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Loans And Allowance For Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2012
Loans And Allowance For Credit Losses [Abstract]  
Summary Of Major Portfolio Segment And Specific Loan Class
(In thousands)
 
September 30,
2012
 
December 31,
2011
Loans held for sale
$
220,240

 
$
201,590

Commercial:
 
 
 
Commercial and industrial
$
10,748,266

 
$
10,334,858

Leasing
405,012

 
379,709

Owner occupied
7,669,218

 
8,158,556

Municipal
469,237

 
441,241

Total commercial
19,291,733

 
19,314,364

Commercial real estate:
 
 
 
Construction and land development
1,956,186

 
2,264,909

Term
8,139,546

 
7,883,434

Total commercial real estate
10,095,732

 
10,148,343

Consumer:
 
 
 
Home equity credit line
2,175,338

 
2,187,428

1-4 family residential
4,181,002

 
3,921,216

Construction and other consumer real estate
320,087

 
305,873

Bankcard and other revolving plans
294,827

 
291,018

Other
223,534

 
225,540

Total consumer
7,194,788

 
6,931,075

FDIC-supported loans
588,566

 
750,870

Total loans
$
37,170,819

 
$
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 September 30, 2012
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
616,359

 
$
232,049

 
$
102,391

 
$
20,917

 
$
971,716

Additions:
 
 
 
 
 
 
 
 
 
Provision for loan losses
2,843

 
(5,010
)
 
3,351

 
(3,073
)
 
(1,889
)
Adjustment for FDIC-supported loans
—

 
—

 
—

 
(5,908
)
 
(5,908
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(26,424
)
 
(20,264
)
 
(11,391
)
 
(702
)
 
(58,781
)
Recoveries
12,013

 
3,312

 
3,262

 
1,616

 
20,203

Net loan and lease charge-offs
(14,411
)
 
(16,952
)
 
(8,129
)
 
914

 
(38,578
)
Balance at end of period
$
604,791

 
$
210,087

 
$
97,613

 
$
12,850

 
$
925,341

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
70,553

 
$
31,663

 
$
1,370

 
$
—

 
$
103,586

Provision charged (credited) to earnings
542

 
1,741

 
(19
)
 
—

 
2,264

Balance at end of period
$
71,095

 
$
33,404

 
$
1,351

 
$
—

 
$
105,850

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
604,791

 
$
210,087

 
$
97,613

 
$
12,850

 
$
925,341

Reserve for unfunded lending commitments
71,095

 
33,404

 
1,351

 
—

 
105,850

Total allowance for credit losses
$
675,886

 
$
243,491

 
$
98,964

 
$
12,850

 
$
1,031,191


 
Nine Months Ended September 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
35,741

 
(17,651
)
 
9,989

 
(3,451
)
 
24,628

Adjustment for FDIC-supported loans
—

 
—

 
—

 
(12,821
)
 
(12,821
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(91,477
)
 
(70,098
)
 
(45,722
)
 
(5,183
)
 
(212,480
)
Recoveries
32,702

 
22,290

 
10,231

 
10,833

 
76,056

Net loan and lease charge-offs
(58,775
)
 
(47,808
)
 
(35,491
)
 
5,650

 
(136,424
)
Balance at end of period
$
604,791

 
$
210,087

 
$
97,613

 
$
12,850

 
$
925,341

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

 
$
23,572

 
$
1,618

 
$
—

 
$
102,422

Provision charged (credited) to earnings
(6,137
)
 
9,832

 
(267
)
 
—

 
3,428

Balance at end of period
$
71,095

 
$
33,404

 
$
1,351

 
$
—

 
$
105,850

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
604,791

 
$
210,087

 
$
97,613

 
$
12,850

 
$
925,341

Reserve for unfunded lending commitments
71,095

 
33,404

 
1,351

 
—

 
105,850

Total allowance for credit losses
$
675,886

 
$
243,491

 
$
98,964

 
$
12,850

 
$
1,031,191


 
Three Months Ended September 30, 2011
(In thousands)
 
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported 1
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
667,646

 
$
392,852

 
$
149,773

 
$
27,462

 
$
1,237,733

Additions:
 
 
 
 
 
 
 
 
 
Provision for loan losses
47,764

 
(49,770
)
 
15,618

 
941

 
14,553

Adjustment for FDIC-supported loans
—

 
—

 
—

 
(1,520
)
 
(1,520
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(63,047
)
 
(44,658
)
 
(18,475
)
 
(2,966
)
 
(129,146
)
Recoveries
8,788

 
13,285

 
3,185

 
2,025

 
27,283

Net loan and lease charge-offs
(54,259
)
 
(31,373
)
 
(15,290
)
 
(941
)
 
(101,863
)
Balance at end of period
$
661,151

 
$
311,709

 
$
150,101

 
$
25,942

 
$
1,148,903

 
 
 
 
 
 
 
 
 
 
Reserve for unfunded lending commitments:
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
75,082

 
$
23,852

 
$
1,330

 
$
—

 
$
100,264

Provision charged (credited) to earnings
1,549

 
(3,278
)
 
(473
)
 
—

 
(2,202
)
Balance at end of period
$
76,631

 
$
20,574

 
$
857

 
$
—

 
$
98,062

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
661,151

 
$
311,709

 
$
150,101

 
$
25,942

 
$
1,148,903

Reserve for unfunded lending commitments
76,631

 
20,574

 
857

 
—

 
98,062

Total allowance for credit losses
$
737,782

 
$
332,283

 
$
150,958

 
$
25,942

 
$
1,246,965


 
Nine Months Ended September 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
37,864

 
(21,475
)
 
53,564

 
5,930

 
75,883

Adjustment for FDIC-supported loans
—

 
—

 
—

 
(6,196
)
 
(6,196
)
Deductions:
 
 
 
 
 
 
 
 
 
Gross loan and lease charge-offs
(172,103
)
 
(182,849
)
 
(68,407
)
 
(16,199
)
 
(439,558
)
Recoveries
34,283

 
28,798

 
10,618

 
4,734

 
78,433

Net loan and lease charge-offs
(137,820
)
 
(154,051
)
 
(57,789
)
 
(11,465
)
 
(361,125
)
Balance at end of period
$
661,151

 
$
311,709

 
$
150,101

 
$
25,942

 
$
1,148,903

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

 
$
26,373

 
$
1,983

 
$
—

 
$
111,708

Provision charged (credited) to earnings
(6,721
)
 
(5,799
)
 
(1,126
)
 
—

 
(13,646
)
Balance at end of period
$
76,631

 
$
20,574

 
$
857

 
$
—

 
$
98,062

 
 
 
 
 
 
 
 
 
 
Total allowance for credit losses at end of period:
 
 
 
 
 
 
 
 
 
Allowance for loan losses
$
661,151


$
311,709


$
150,101


$
25,942

 
$
1,148,903

Reserve for unfunded lending commitments
76,631


20,574


857


—

 
98,062

Total allowance for credit losses
$
737,782

 
$
332,283

 
$
150,958

 
$
25,942

 
$
1,246,965

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:
 
September 30, 2012
(In thousands)
Commercial
 
Commercial
real estate
 
Consumer
 
FDIC-
supported
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
36,278

 
$
30,579

 
$
15,036

 
$
—

 
$
81,893

Collectively evaluated for impairment
568,513

 
179,508

 
82,577

 
10,069

 
840,667

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
2,781

 
2,781

Total
$
604,791

 
$
210,087

 
$
97,613

 
$
12,850

 
$
925,341

 
 
 
 
 
 
 
 
 
 
Outstanding loan balances:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
344,411

 
$
495,569

 
$
97,589

 
$
1,581

 
$
939,150

Collectively evaluated for impairment
18,947,322

 
9,600,163

 
7,097,199

 
494,513

 
36,139,197

Purchased loans with evidence of credit deterioration
—

 
—

 
—

 
92,472

 
92,472

Total
$
19,291,733

 
$
10,095,732

 
$
7,194,788

 
$
588,566

 
$
37,170,819

 
 
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)
 
September 30,
2012
 
December 31,
2011
Loans held for sale
$
29

 
$
18,216

Commercial:
 
 
 
Commercial and industrial
$
103,206

 
$
126,468

Leasing
1,393

 
1,546

Owner occupied
223,419

 
239,203

Municipal
5,897

 
—

Total commercial
333,915

 
367,217

Commercial real estate:
 
 
 
Construction and land development
124,855

 
219,837

Term
155,141

 
156,165

Total commercial real estate
279,996

 
376,002

Consumer:
 
 
 
Home equity credit line
11,867

 
18,376

1-4 family residential
65,736

 
90,857

Construction and other consumer real estate
6,110

 
12,096

Bankcard and other revolving plans
871

 
346

Other
1,428

 
2,498

Total consumer loans
86,012

 
124,173

FDIC-supported loans
19,454

 
24,267

Total
$
719,377

 
$
891,659
Summary Of Past Due Loans (Accruing And Nonaccruing)
Past due loans (accruing and nonaccruing) are summarized as follows:
 
September 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
$
220,211

 
$
29

 
$
—

 
$
29

 
$
220,240

 
$
—

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10,635,534

 
$
47,041

 
$
65,691

 
$
112,732

 
$
10,748,266

 
$
6,286

 
$
37,630

Leasing
402,741

 
878

 
1,393

 
2,271

 
405,012

 
—

 
—

Owner occupied
7,523,411

 
56,027

 
89,780

 
145,807

 
7,669,218

 
1,370

 
112,781

Municipal
469,237

 
—

 
—

 
—

 
469,237

 
—

 
5,897

Total commercial
19,030,923

 
103,946

 
156,864

 
260,810

 
19,291,733

 
7,656

 
156,308

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,874,942

 
16,242

 
65,002

 
81,244

 
1,956,186

 
1,378

 
61,089

Term
8,017,163

 
43,133

 
79,250

 
122,383

 
8,139,546

 
3,786

 
63,428

Total commercial real estate
9,892,105

 
59,375

 
144,252

 
203,627

 
10,095,732

 
5,164

 
124,517

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,165,086

 
6,430

 
3,822

 
10,252

 
2,175,338

 
—

 
5,558

1-4 family residential
4,121,285

 
19,792

 
39,925

 
59,717

 
4,181,002

 
362

 
21,451

Construction and other consumer real estate
314,251

 
2,615

 
3,221

 
5,836

 
320,087

 
292

 
2,789

Bankcard and other revolving plans
290,295

 
3,360

 
1,172

 
4,532

 
294,827

 
1,027

 
227

Other
221,366

 
983

 
1,185

 
2,168

 
223,534

 
7

 
178

Total consumer loans
7,112,283

 
33,180

 
49,325

 
82,505

 
7,194,788

 
1,688

 
30,203

FDIC-supported loans
501,245

 
15,983

 
71,338

 
87,321

 
588,566

 
60,913

 
8,508

Total
$
36,536,556

 
$
212,484

 
$
421,779

 
$
634,263

 
$
37,170,819

 
$
75,421

 
$
319,536


 
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
 
September 30, 2012
(In thousands)
Pass
 
Special
Mention
 
Sub-
standard
 
Doubtful
 
Total
loans
 
Total
allowance
Loans held for sale
$
219,632

 
$
—

 
$
579

 
$
29

 
$
220,240

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
10,137,286

 
$
282,677

 
$
323,196

 
$
5,107

 
$
10,748,266

 
 
Leasing
398,063

 
589

 
6,343

 
17

 
405,012

 
 
Owner occupied
6,932,995

 
156,653

 
573,761

 
5,809

 
7,669,218

 
 
Municipal
459,929

 
3,411

 
5,897

 
—

 
469,237

 
 
Total commercial
17,928,273

 
443,330

 
909,197

 
10,933

 
19,291,733

 
$
604,791

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,545,806

 
137,660

 
272,210

 
510

 
1,956,186

 
 
Term
7,479,468

 
222,114

 
436,085

 
1,879

 
8,139,546

 
 
Total commercial real estate
9,025,274

 
359,774

 
708,295

 
2,389

 
10,095,732

 
210,087

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
2,133,557

 
83

 
41,698

 
—

 
2,175,338

 
 
1-4 family residential
4,064,901

 
2,934

 
113,167

 
—

 
4,181,002

 
 
Construction and other consumer real estate
309,983

 
510

 
9,594

 
—

 
320,087

 
 
Bankcard and other revolving plans
284,192

 
2,918

 
7,717

 
—

 
294,827

 
 
Other
219,501

 
—

 
4,033

 
—

 
223,534

 
 
Total consumer loans
7,012,134

 
6,445

 
176,209

 
—

 
7,194,788

 
97,613

FDIC-supported loans
378,464

 
24,362

 
185,740

 
—

 
588,566

 
12,850

Total
$
34,344,145

 
$
833,911

 
$
1,979,441

 
$
13,322

 
$
37,170,819

 
$
925,341

 

 
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
 
September 30, 2012
(In thousands)
Unpaid
principal
balance
 
Recorded investment
 
Total
recorded
investment
 
Related
allowance
with no
allowance
 
with
allowance
 
Commercial:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
183,935

 
$
30,481

 
$
119,029

 
$
149,510

 
$
20,642

Owner occupied
218,234

 
80,905

 
108,099

 
189,004

 
15,297

Municipal
5,897

 
—

 
5,897

 
5,897

 
339

Total commercial
408,066

 
111,386

 
233,025

 
344,411

 
36,278

Commercial real estate:
 
 
 
 
 
 
 
 
 
Construction and land development
252,760

 
86,123

 
121,471

 
207,594

 
9,675

Term
349,308

 
96,016

 
191,959

 
287,975

 
20,904

Total commercial real estate
602,068

 
182,139

 
313,430

 
495,569

 
30,579

Consumer:
 
 
 
 
 
 
 
 
 
Home equity credit line
1,397

 
580

 
155

 
735

 
61

1-4 family residential
103,099

 
20,912

 
66,813

 
87,725

 
14,232

Construction and other consumer real estate
9,343

 
2,758

 
4,221

 
6,979

 
743

Bankcard and other revolving plans
284

 
284

 
—

 
284

 
—

Other
2,312

 
1,866

 
—

 
1,866

 
—

Total consumer loans
116,435

 
26,400

 
71,189

 
97,589

 
15,036

FDIC-supported loans
193,983

 
58,899

 
35,154

 
94,053

 
2,781

Total
$
1,320,552

 
$
378,824

 
$
652,798

 
$
1,031,622

 
$
84,674


 
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
September 30, 2012
 
Nine Months Ended
September 30, 2012
 
(In thousands)
Average
recorded
investment
 
Interest
income
recognized
 
Average
recorded
investment
 
Interest
income
recognized
 
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
$
133,120

 
$
830

 
$
128,930

 
$
2,395

 
Owner occupied
187,072

 
558

 
168,328

 
1,729

 
Municipal
3,943

 
—

 
1,314

 
—

 
Total commercial
324,135

 
1,388

 
298,572

 
4,124

 
Commercial real estate:
 
 
 
 
 
 
 
 
Construction and land development
205,295

 
1,133

 
188,064

 
2,780

 
Term
288,735

 
1,723

 
258,159

 
5,806

 
Total commercial real estate
494,030

 
2,856

 
446,223

 
8,586

 
Consumer:
 
 
 
 
 
 
 
 
Home equity credit line
742

 
3

 
847

 
6

 
1-4 family residential
86,103

 
431

 
79,993

 
1,162

 
Construction and other consumer real estate
6,764

 
43

 
6,641

 
128

 
Bankcard and other revolving plans
287

 
—

 
128

 
—

 
Other
1,972

 
—

 
2,320

 
—

 
Total consumer loans
95,868

 
477

 
89,929


1,296

 
FDIC-supported loans
94,890

 
14,055

1 
102,709

 
34,202

1 
Total
$
1,008,923

 
$
18,776

 
$
937,433

 
$
48,208

 
 
Three Months Ended
September 30, 2011
 
Nine Months Ended
September 30, 2011
 
(In thousands)
Average
recorded
investment
 
Interest
income
recognized
 
Average
recorded
investment
 
Interest
income
recognized
 
Commercial:
 
 
 
 
 
 
 
 
Commercial and industrial
$
176,884

 
$
468

 
$
194,582

 
$
1,608

 
Leasing
240

 
—

 
124

 
—

 
Owner occupied
269,455

 
634

 
297,808

 
2,066

 
Municipal
3,872

 
—

 
3,256

 
—

 
Total commercial
450,451

 
1,102

 
495,770

 
3,674

 
Commercial real estate:
 
 
 
 
 
 
 
 
Construction and land development
406,510


1,229

 
480,834

 
3,803

 
Term
387,178


2,082

 
412,378

 
6,381

 
Total commercial real estate
793,688

 
3,311

 
893,212

 
10,184

 
Consumer:
 
 
 
 
 
 
 
 
Home equity credit line
1,133

 
—

 
1,265

 
1

 
1-4 family residential
103,983

 
353

 
106,439

 
977

 
Construction and other consumer real estate
12,034

 
29

 
12,744

 
51

 
Bankcard and other revolving plans
—

 
—

 
21

 
—

 
Other
3,723

 
—

 
3,793

 
—

 
Total consumer loans
120,873

 
382

 
124,262

 
1,029

 
FDIC-supported loans
133,911

 
12,661

1 
152,241

 
41,164

1 
Total
$
1,498,923

 
$
17,456

 
$
1,665,485

 
$
56,051

 
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
 
September 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
$
2,574

 
$
6,873

 
$
—

 
$
3,547

 
$
20,510

 
$
47,220

 
$
80,724

Owner occupied
2,027

 
14,853

 
—

 
4,052

 
4,277

 
11,232

 
36,441

Total commercial
4,601

 
21,726

 
—

 
7,599

 
24,787

 
58,452

 
117,165

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
1,734

 
26,500

 
4

 
58

 
19,181

 
40,259

 
87,736

Term
4,145

 
1,691

 
2,974

 
2,182

 
58,128

 
89,901

 
159,021

Total commercial real estate
5,879

 
28,191

 
2,978

 
2,240

 
77,309

 
130,160

 
246,757

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
194

 
—

 
—

 
—

 
—

 
79

 
273

1-4 family residential
6,133

 
6,262

 
1,054

 
—

 
3,817

 
35,956

 
53,222

Construction and other consumer real estate
151

 
469

 
—

 
—

 
642

 
2,376

 
3,638

Total consumer loans
6,478

 
6,731

 
1,054

 
—

 
4,459

 
38,411

 
57,133

Total accruing
16,958

 
56,648

 
4,032

 
9,839

 
106,555

 
227,023

 
421,055

Nonaccruing
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
331

 
4,597

 
1,827

 
802

 
8,273

 
9,753

 
25,583

Owner occupied
4,249

 
4,216

 
669

 
10,322

 
8,780

 
16,332

 
44,568

Total commercial
4,580

 
8,813

 
2,496

 
11,124

 
17,053

 
26,085

 
70,151

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
13,991

 
2,426

 
—

 
—

 
17,970

 
38,836

 
73,223

Term
3,244

 
560

 
—

 
2,153

 
11,816

 
24,320

 
42,093

Total commercial real estate
17,235

 
2,986

 
—

 
2,153

 
29,786

 
63,156

 
115,316

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity credit line
—

 
—

 
—

 
—

 
—

 
127

 
127

1-4 family residential
1,134

 
668

 
309

 
—

 
1,755

 
15,020

 
18,886

Construction and other consumer real estate
9

 
1,731

 
—

 
—

 
330

 
255

 
2,325

Bankcard and other revolving plans
—

 
284

 
—

 
—

 
—

 
—

 
284

Total consumer loans
1,143

 
2,683

 
309

 
—

 
2,085

 
15,402

 
21,622

Total nonaccruing
22,958

 
14,482

 
2,805

 
13,277

 
48,924

 
104,643

 
207,089

Total
$
39,916

 
$
71,130

 
$
6,837

 
$
23,116

 
$
155,479

 
$
331,666

 
$
628,144

 
 
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 September 30, 2012
 
Nine Months Ended September 30, 2012
 
Year Ended December 31, 2011
Commercial:
 
 
 
 
 
 
 
Commercial and industrial
$
(134
)
 
$
(157
)
 
 
$
(46
)
 
Owner occupied
(309
)
 
(1,012
)
 
 
(1,650
)
 
Total commercial
(443
)
 
(1,169
)
 
 
(1,696
)
 
Commercial real estate:
 
 
 
 
 
 
 
Construction and land development
(273
)
 
(742
)
 
 
(244
)
 
Term
(1,443
)
 
(4,469
)
 
 
(7,096
)
 
Total commercial real estate
(1,716
)
 
(5,211
)
 
 
(7,340
)
 
Consumer:
 
 
 
 
 
 
 
Home equity credit line
(18
)
 
(51
)
 
 
—

 
1-4 family residential
(4,204
)
 
(12,045
)
 
 
(10,188
)
 
Construction and other consumer real estate
(230
)
 
(445
)
 
 
(406
)
 
Total consumer loans
(4,452
)
 
(12,541
)
 
 
(10,594
)
 
Total decrease to interest income
$
(6,611
)
1 
$
(18,921
)
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
September 30, 2012
 
Nine Months Ended
September 30, 2012
 
Year Ended
December 31, 2011
 
Accruing
 
Nonaccruing
 
Total
 
Accruing
 
Nonaccruing
 
Total
 
Accruing
 
Nonaccruing
 
Total
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
—

 
$
107

 
$
107

 
$
—

 
$
1,441

 
$
1,441

 
$
35

 
$
1,700

 
$
1,735

Owner occupied
—

 
—

 
—

 
—

 
5,405

 
5,405

 
—

 
441

 
441

Total commercial
—

 
107

 
107

 
—

 
6,846

 
6,846

 
35

 
2,141

 
2,176

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
—

 
2,229

 
2,229

 
—

 
2,525

 
2,525

 
—

 
11,667

 
11,667

Term
—

 
—

 
—

 
—

 
—

 
—

 
—

 
5,971

 
5,971

Total commercial real estate
—

 
2,229

 
2,229

 
—

 
2,525

 
2,525

 
—

 
17,638

 
17,638

Consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 family residential
—

 
—

 
—

 
—

 
1,089

 
1,089

 
—

 
2,745

 
2,745

Total consumer loans
—

 
—

 
—

 
—

 
1,089

 
1,089

 
—

 
2,745

 
2,745

Total
$
—

 
$
2,336

 
$
2,336

 
$
—

 
$
10,460

 
$
10,460

 
$
35

 
$
22,524

 
$
22,559
Schedule Of Outstanding Balances Of All Required Payments And The Related Carrying Amounts For PCI Loans
(In thousands)
 
September 30,
2012
 
December 31,
2011
Commercial
$
254,523

 
$
321,515

Commercial real estate
413,269

 
556,197

Consumer
44,731

 
57,391

Outstanding balance
$
712,523

 
$
935,103

 
 
 
 
Carrying amount
$
529,833

 
$
672,159

ALLL
12,062

 
21,604

Carrying amount, net
$
517,771

 
$
650,555
Schedule Of Changes In The Accretable Yield For PCI Loans
(In thousands)
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
Balance at beginning of period
$
157,040

 
$
242,199

 
$
184,679

 
$
277,005

Accretion
(25,409
)
 
(30,568
)
 
(69,824
)
 
(93,258
)
Reclassification from nonaccretable difference
9,565

 
(16
)
 
25,112

 
25,896

Disposals and other
3,550

 
877

 
4,779

 
2,849

Balance at end of period
$
144,746

 
$
212,492

 
$
144,746

 
$
212,492
Schedule Of Changes In The FDIC Indemnification Asset
(In thousands)
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2012
 
2011
 
2012
 
2011
Balance at beginning of period
$
117,167

 
$
150,557

 
$
133,810

 
$
195,516

Amounts filed with the FDIC and collected or in process 1
3,904

 
1,551

 
15,106

 
(11,360
)
Net change in asset balance due to reestimation of projected cash flows 2
(20,165
)
 
(16,809
)
 
(48,010
)
 
(48,857
)
Balance at end of period
$
100,906

 
$
135,299

 
$
100,906

 
$
135,299

1 
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.
2 
Negative amounts result from the accretion of loan balances based on increases in cash flow estimates on the underlying indemnified loans.