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LOANS AND LEASES (Tables)
9 Months Ended
Sep. 30, 2013
LOANS AND LEASES  
Summary of the composition of the entity's loan portfolio
 
  September 30, 2013   December 31, 2012  
 
  Non-PCI
Loans
and Leases
  PCI
Loans
  Total   Non-PCI
Loans
and Leases
  PCI
Loans
  Total  
 
  (In thousands)
 

Non-covered loans and leases

  $ 3,854,129   $ 19,259   $ 3,873,388   $ 3,049,505   $   $ 3,049,505  

Covered loans

    97,426     413,498     510,924     25,442     517,885     543,327  
                           

Total gross loans and leases

    3,951,555     432,757     4,384,312     3,074,947     517,885     3,592,832  

Unearned income

    (919 )       (919 )   (2,535 )       (2,535 )
                           

Total loans and leases, net of unearned income

    3,950,636     432,757     4,383,393     3,072,412     517,885     3,590,297  
                           

Allowance for loan and lease losses:

                                     

Non-covered loans and leases

    (60,551 )       (60,551 )   (65,899 )       (65,899 )

Covered loans

        (23,235 )   (23,235 )       (26,069 )   (26,069 )
                           

Total allowance for loan and lease losses

    (60,551 )   (23,235 )   (83,786 )   (65,899 )   (26,069 )   (91,968 )
                           

Total net loans and leases

  $ 3,890,085   $ 409,522   $ 4,299,607   $ 3,006,513   $ 491,816   $ 3,498,329  
                           
Summary of the activity in the allowance for loan and lease losses on Non-PCI loans and leases and PCI loans by portfolio segment
 
  Three Months Ended September 30, 2013  
 
  Real
Estate
Mortgage
  Real
Estate
Construction
  Commercial   Leases   Consumer   Foreign   Total
Non-PCI
  Total
PCI
  Total  
 
  (In thousands)
 

Allowance for Loan and Lease Losses:

                                                       

Balance, beginning of period

  $ 31,804   $ 3,432   $ 24,165   $ 2,096   $ 1,667   $ 82   $ 63,246   $ 27,397   $ 90,643  

Charge-offs

    (281 )       (2,439 )       (75 )       (2,795 )       (2,795 )

Recoveries

    152     179     321         15     3     670     5     675  

Provision (negative provision)

    (2,069 )   (66 )   1,022     240     332     (29 )   (570 )   (4,167 )   (4,737 )
                                       

Balance, end of period

  $ 29,606   $ 3,545   $ 23,069   $ 2,336   $ 1,939   $ 56   $ 60,551   $ 23,235   $ 83,786  
                                       


 

 
  Nine Months Ended September 30, 2013  
 
  Real
Estate
Mortgage
  Real
Estate
Construction
  Commercial   Leases   Consumer   Foreign   Total
Non-PCI
  Total
PCI
  Total  
 
  (In thousands)
 

Allowance for Loan and Lease Losses:

                                                       

Balance, beginning of period

  $ 38,700   $ 3,221   $ 20,661   $ 1,493   $ 1,726   $ 98   $ 65,899   $ 26,069   $ 91,968  

Charge-offs

    (3,840 )       (4,517 )   (114 )   (111 )       (8,582 )       (8,582 )

Recoveries

    1,665     514     2,025         57     3     4,264     38     4,302  

Provision (negative provision)

    (6,919 )   (190 )   4,900     957     267     (45 )   (1,030 )   (2,872 )   (3,902 )
                                       

Balance, end of period

  $ 29,606   $ 3,545   $ 23,069   $ 2,336   $ 1,939   $ 56   $ 60,551   $ 23,235   $ 83,786  
                                       

Amount of the allowance applicable to loans and leases:

                                                       

Individually evaluated for impairment

  $ 3,225   $ 103   $ 6,147   $   $ 240   $   $ 9,715              
                                           

Collectively evaluated for impairment

  $ 26,381   $ 3,442   $ 16,922   $ 2,336   $ 1,699   $ 56   $ 50,836              
                                           

Acquired with deteriorated credit quality

                                            $ 23,235        
                                                       

Loans and Leases:

                                                       

Ending balance

  $ 2,551,781   $ 189,957   $ 928,169   $ 235,791   $ 33,828   $ 12,029   $ 3,951,555   $ 432,757   $ 4,384,312  
                                       

The ending balance of the loan and lease portfolio is composed of loans and leases:

                                                       

Individually evaluated for impairment

  $ 90,329   $ 14,878   $ 24,839   $ 244   $ 792   $   $ 131,082              
                                           

Collectively evaluated for impairment

  $ 2,461,452   $ 175,079   $ 903,330   $ 235,547   $ 33,036   $ 12,029   $ 3,820,473              
                                           

Acquired with deteriorated credit quality

                                            $ 432,757        
                                                       


 

 
  Three Months Ended September 30, 2012  
 
  Real
Estate
Mortgage
  Real
Estate
Construction
  Commercial   Leases   Consumer   Foreign   Total
Non-PCI
  Total
PCI
  Total  
 
  (In thousands)
 

Allowance for Loan and Lease Losses:

                                                       

Balance, beginning of period

  $ 42,236   $ 5,496   $ 21,979   $ 498   $ 1,735   $ 117   $ 72,061   $ 31,463   $ 103,524  

Charge-offs

    (1,118 )   (492 )   (492 )       (25 )       (2,127 )   (618 )   (2,745 )

Recoveries

    845     11     218         32     2     1,108         1,108  

Provision (negative provision)

    (3,226 )   1,582     (685 )   629     (188 )   (12 )   (1,900 )   (141 )   (2,041 )
                                       

Balance, end of period

  $ 38,737   $ 6,597   $ 21,020   $ 1,127   $ 1,554   $ 107   $ 69,142   $ 30,704   $ 99,846  
                                       


 

 
  Nine Months Ended September 30, 2012  
 
  Real
Estate
Mortgage
  Real
Estate
Construction
  Commercial   Leases   Consumer   Foreign   Total
Non-PCI
  Total
PCI
  Total  
 
  (In thousands)
 

Allowance for Loan and Lease Losses:

                                                       

Balance, beginning of period

  $ 50,205   $ 8,697   $ 23,308   $   $ 2,768   $ 335   $ 85,313   $ 31,275   $ 116,588  

Charge-offs

    (5,891 )   (492 )   (2,715 )       (258 )       (9,356 )   (4,085 )   (13,441 )

Recoveries

    1,217     35     1,232         79     22     2,585         2,585  

Provision (negative provision)

    (6,794 )   (1,643 )   (805 )   1,127     (1,035 )   (250 )   (9,400 )   3,514     (5,886 )
                                       

Balance, end of period

  $ 38,737   $ 6,597   $ 21,020   $ 1,127   $ 1,554   $ 107   $ 69,142   $ 30,704   $ 99,846  
                                       

Amount of the allowance applicable to loans and leases:

                                                       

Individually evaluated for impairment

  $ 5,568   $ 2,468   $ 6,051   $   $ 265   $   $ 14,352              
                                           

Collectively evaluated for impairment

  $ 33,169   $ 4,129   $ 14,969   $ 1,127   $ 1,289   $ 107   $ 54,790              
                                           

Acquired with deteriorated credit quality

                                            $ 30,704        
                                                       

Loans and Leases:

                                                       

Ending balance

  $ 1,950,777   $ 152,748   $ 777,365   $ 161,934   $ 21,118   $ 16,126   $ 3,080,068   $ 571,113   $ 3,651,181  
                                       

The ending balance of the loan and lease portfolio is composed of loans and leases:

                                                       

Individually evaluated for impairment

  $ 100,133   $ 31,792   $ 19,051   $ 420   $ 623   $   $ 152,019              
                                           

Collectively evaluated for impairment

  $ 1,850,644   $ 120,956   $ 758,314   $ 161,514   $ 20,495   $ 16,126   $ 2,928,049              
                                           

Acquired with deteriorated credit quality

                                            $ 571,113        
                                                       
Composition of loan portfolio  
Schedule of composition of loans and leases by portfolio segment

  September 30, 2013   December 31, 2012  
 
  Non-PCI
Loans
and Leases
  PCI
Loans
  Total   Non-PCI
Loans
and Leases
  PCI
Loans
  Total  
 
  (In thousands)
 

Non-Covered Loans and Leases

                                     

Real estate mortgage

  $ 2,476,180   $ 17,928   $ 2,494,108   $ 1,917,670   $   $ 1,917,670  

Real estate construction

    180,697     1,296     181,993     129,959         129,959  

Commercial

    918,669         918,669     787,775         787,775  

Leases

    235,791         235,791     174,373         174,373  

Consumer

    30,763     35     30,798     22,487         22,487  

Foreign

    12,029         12,029     17,241         17,241  
                           

Total gross non-covered loans and leases

  $ 3,854,129   $ 19,259   $ 3,873,388   $ 3,049,505   $   $ 3,049,505  
                           

Covered Loans

                                     

Real estate mortgage

  $ 75,601   $ 401,672   $ 477,273   $ 20,843   $ 484,057   $ 504,900  

Real estate construction

    9,260     10,271     19,531         24,645     24,645  

Commercial

    9,500     1,265     10,765     4,113     9,071     13,184  

Consumer

    3,065     290     3,355     486     112     598  
                           

Total gross covered loans

  $ 97,426   $ 413,498   $ 510,924   $ 25,442   $ 517,885   $ 543,327  
                           

Total Loans and Leases

                                     

Real estate mortgage

  $ 2,551,781   $ 419,600   $ 2,971,381   $ 1,938,513   $ 484,057   $ 2,422,570  

Real estate construction

    189,957     11,567     201,524     129,959     24,645     154,604  

Commercial

    928,169     1,265     929,434     791,888     9,071     800,959  

Leases

    235,791         235,791     174,373         174,373  

Consumer

    33,828     325     34,153     22,973     112     23,085  

Foreign

    12,029         12,029     17,241         17,241  
                           

Total gross loans and leases

  $ 3,951,555   $ 432,757   $ 4,384,312   $ 3,074,947   $ 517,885   $ 3,592,832  
                           
Schedule of aging analysis of Non-PCI loans and leases by portfolio segment and class

  September 30, 2013  
 
  30 - 59 Days
Past Due
  60 - 89 Days
Past Due
  Greater
Than
90 Days
Past Due
  Total
Past Due
  Current   Total  
 
  (In thousands)
 

Real estate mortgage:

                                     

Hospitality

  $   $   $   $   $ 188,073   $ 188,073  

SBA 504

            120     120     48,006     48,126  

Other

    4,623     486     3,294     8,403     2,307,179     2,315,582  
                           

Total real estate mortgage

    4,623     486     3,414     8,523     2,543,258     2,551,781  
                           

Real estate construction:

                                     

Residential

                    62,154     62,154  

Commercial

    571             571     127,232     127,803  
                           

Total real estate construction

    571             571     189,386     189,957  
                           

Commercial:

                                     

Collateralized

    2,250     426     6,004     8,680     553,813     562,493  

Unsecured

    82     1,348     225     1,655     104,571     106,226  

Asset-based

    1,490             1,490     230,408     231,898  

SBA 7(a)

    72     868     201     1,141     26,411     27,552  
                           

Total commercial

    3,894     2,642     6,430     12,966     915,203     928,169  
                           

Leases

            244     244     235,547     235,791  

Consumer

    163     5     178     346     33,482     33,828  

Foreign

                    12,029     12,029  
                           

Total non-PCI loans and leases

  $ 9,251   $ 3,133   $ 10,266   $ 22,650   $ 3,928,905   $ 3,951,555  
                           

 

 
  December 31, 2012  
 
  30 - 59 Days
Past Due
  60 - 89 Days
Past Due
  Greater
Than
90 Days
Past Due
  Total
Past Due
  Current   Total  
 
  (In thousands)
 

Real estate mortgage:

                                     

Hospitality

  $   $   $   $   $ 181,144   $ 181,144  

SBA 504

    955         1,727     2,682     51,476     54,158  

Other

    4,098     54     3,271     7,423     1,695,788     1,703,211  
                           

Total real estate mortgage

    5,053     54     4,998     10,105     1,928,408     1,938,513  
                           

Real estate construction:

                                     

Residential

                    48,629     48,629  

Commercial

            1,245     1,245     80,085     81,330  
                           

Total real estate construction

            1,245     1,245     128,714     129,959  
                           

Commercial:

                                     

Collateralized

    964     161     872     1,997     455,098     457,095  

Unsecured

    3     135     230     368     69,670     70,038  

Asset-based

            176     176     239,254     239,430  

SBA 7(a)

    281     547     1,271     2,099     23,226     25,325  
                           

Total commercial

    1,248     843     2,549     4,640     787,248     791,888  
                           

Leases

    225     132     244     601     173,772     174,373  

Consumer

    23     1         24     22,949     22,973  

Foreign

                    17,241     17,241  
                           

Total Non-PCI loans and leases

  $ 6,549   $ 1,030   $ 9,036   $ 16,615   $ 3,058,332   $ 3,074,947  
                           
Schedule of nonaccrual and performing Non-PCI loans and leases by portfolio segment and class
 
  September 30, 2013   December 31, 2012  
 
  Nonaccrual   Performing   Total   Nonaccrual   Performing   Total  
 
  (In thousands)
 

Real estate mortgage:

                                     

Hospitality

  $   $ 188,073   $ 188,073   $ 6,908   $ 174,236   $ 181,144  

SBA 504

    2,791     45,335     48,126     2,982     51,176     54,158  

Other

    21,628     2,293,954     2,315,582     16,585     1,686,626     1,703,211  
                           

Total real estate mortgage

    24,419     2,527,362     2,551,781     26,475     1,912,038     1,938,513  
                           

Real estate construction:

                                     

Residential

    826     61,328     62,154     1,057     47,572     48,629  

Commercial

    2,857     124,946     127,803     2,715     78,615     81,330  
                           

Total real estate construction

    3,683     186,274     189,957     3,772     126,187     129,959  
                           

Commercial:

                                     

Collateralized

    15,256     547,237     562,493     4,462     452,633     457,095  

Unsecured

    334     105,892     106,226     2,027     68,011     70,038  

Asset-based

    3,381     228,517     231,898     176     239,254     239,430  

SBA 7(a)

    2,934     24,618     27,552     4,181     21,144     25,325  
                           

Total commercial

    21,905     906,264     928,169     10,846     781,042     791,888  
                           

Leases

    244     235,547     235,791     244     174,129     174,373  

Consumer

    594     33,234     33,828     425     22,548     22,973  

Foreign

        12,029     12,029         17,241     17,241  
                           

Total Non-PCI loans and leases

  $ 50,845   $ 3,900,710   $ 3,951,555   $ 41,762   $ 3,033,185   $ 3,074,947  
                           
Schedule of composition of impaired loans and leases

  September 30, 2013   December 31, 2012  
 
  Nonaccrual
Loans/Leases
  Performing
Restructured
Loans
  Total
Impaired
Loans/Leases
  Nonaccrual
Loans/Leases
  Performing
Restructured
Loans
  Total
Impaired
Loans/Leases
 
 
  (In thousands)
 

Real estate mortgage

  $ 24,419   $ 65,910   $ 90,329   $ 26,475   $ 80,723   $ 107,198  

Real estate construction

    3,683     11,195     14,878     3,772     21,678     25,450  

Commercial

    21,905     2,934     24,839     10,846     3,684     14,530  

Leases

    244         244     244         244  

Consumer

    594     198     792     425     203     628  
                           

Total

  $ 50,845   $ 80,237   $ 131,082   $ 41,762   $ 106,288   $ 148,050  
                           
Schedule of information regarding impaired loans and leases (excluding PCI loans) by portfolio segment and class

  September 30, 2013   December 31, 2012  
 
  Recorded
Investment
  Unpaid
Principal
Balance
  Related
Allowance
  Recorded
Investment
  Unpaid
Principal
Balance
  Related
Allowance
 
 
  (In thousands)
 

With An Allowance Recorded:

                                     

Real estate mortgage:

                                     

Hospitality

  $ 8,770   $ 9,611   $ 319   $ 8,954   $ 9,640   $ 2,396  

SBA 504

    1,649     1,649     231     1,676     1,676     324  

Other

    50,029     50,164     2,675     58,364     60,262     5,107  

Real estate construction:

                                     

Residential

    391     391     82     1,303     1,330     165  

Commercial

    8,541     8,541     21     6,723     6,723     206  

Commercial:

                                     

Collateralized

    4,483     4,752     4,340     2,477     2,731     1,865  

Unsecured

    787     815     361     2,396     3,121     2,234  

Asset-based

    3,381     3,381     1,238              

SBA 7(a)

    1,278     1,351     208     2,871     3,616     426  

Consumer

    429     473     240     466     506     265  

With No Related Allowance Recorded:

                                     

Real estate mortgage:

                                     

SBA 504

  $ 2,791   $ 3,785   $   $ 2,982   $ 3,755   $  

Other

    27,090     40,693         35,222     39,503      

Real estate construction:

                                     

Residential

    435     471                  

Commercial

    5,511     9,923         17,424     21,085      

Commercial:

                                     

Collateralized

    11,813     19,542         3,657     4,994      

Unsecured

    217     298         156     163      

Asset-based

                176     176      

SBA 7(a)

    2,880     4,645         2,797     4,057      

Leases

    244     244         244     244      

Consumer

    363     475         162     233      

Total Non-PCI Loans and Leases With and Without An Allowance Recorded:

                                     

Real estate mortgage

  $ 90,329   $ 105,902   $ 3,225   $ 107,198   $ 114,836   $ 7,827  

Real estate construction

    14,878     19,326     103     25,450     29,138     371  

Commercial

    24,839     34,784     6,147     14,530     18,858     4,525  

Leases

    244     244         244     244      

Consumer

    792     948     240     628     739     265  
                           

Total

  $ 131,082   $ 161,204   $ 9,715   $ 148,050   $ 163,815   $ 12,988  
                           


 

 
  Three Months Ended September 30,  
 
  2013   2012  
 
  Weighted
Average
Recorded
Investment(1)
  Interest
Income
Recognized
  Weighted
Average
Recorded
Investment(1)
  Interest
Income
Recognized
 
 
  (In thousands)
 

With An Allowance Recorded:

                         

Real estate mortgage:

                         

Hospitality

  $ 8,770   $ 109   $ 9,049   $ 21  

SBA 504

    1,649     23     927     25  

Other

    47,411     481     30,884     443  

Real estate construction:

                         

Residential

    391         1,283     3  

Commercial

    8,541     88     18,408     146  

Commercial:

                         

Collateralized

    4,467     7     4,199     17  

Unsecured

    787     8     2,309     5  

Asset-based

    2,377              

SBA 7(a)

    1,278     12     2,042     20  

Consumer

    429     3     474     3  

With No Related Allowance Recorded:

                         

Real estate mortgage:

                         

SBA 504

  $ 2,791   $   $ 1,330   $  

Other

    25,540     410     52,200     577  

Real estate construction:

                         

Residential

    435         753     16  

Commercial

    5,511     98     11,348     97  

Commercial:

                         

Collateralized

    8,989     15     4,972     7  

Unsecured

    217         156      

Asset-based

            176      

SBA 7(a)

    2,846     5     3,902     19  

Leases

    244         360      

Consumer

    248         149      

Total Non-PCI Loans and Leases With and Without An Allowance Recorded:

                         

Real estate mortgage

  $ 86,161   $ 1,023   $ 94,390   $ 1,066  

Real estate construction

    14,878     186     31,792     262  

Commercial

    20,961     47     17,756     68  

Leases

    244         360      

Consumer

    677     3     623     3  
                   

Total

  $ 122,921   $ 1,259   $ 144,921   $ 1,399  
                   

(1)
For the loans and leases (excluding PCI loans) reported as impaired at September 30, 2013 and September 30, 2012, amounts were calculated based on the period of time such loans and leases were impaired during the reporting period.

 
  Nine Months Ended September 30,  
 
  2013   2012  
 
  Weighted
Average
Recorded
Investment(1)
  Interest
Income
Recognized
  Weighted
Average
Recorded
Investment(1)
  Interest
Income
Recognized
 
 
  (In thousands)
 

With An Allowance Recorded:

                         

Real estate mortgage:

                         

Hospitality

  $ 8,770   $ 355   $ 9,049   $ 57  

SBA 504

    1,649     67     545     17  

Other

    46,401     1,400     27,749     886  

Real estate construction:

                         

Residential

    391         1,283     7  

Commercial

    8,541     268     18,408     407  

Commercial:

                         

Collateralized

    3,000     22     3,773     45  

Unsecured

    787     25     2,302     16  

Asset-based

    870              

SBA 7(a)

    1,278     35     1,996     62  

Consumer

    429     8     370     4  

With No Related Allowance Recorded:

                         

Real estate mortgage:

                         

SBA 504

  $ 2,727   $   $ 1,330   $  

Other

    19,826     522     48,441     1,688  

Real estate construction:

                         

Residential

    435         753     49  

Commercial

    4,679     69     10,598     276  

Commercial:

                         

Collateralized

    4,861     15     4,796     20  

Unsecured

    170         156      

Asset-based

            117      

SBA 7(a)

    2,557     15     3,771     61  

Leases

    244         256      

Consumer

    182         149      

Total Non-PCI Loans and Leases With and Without An Allowance Recorded:

                         

Real estate mortgage

  $ 79,373   $ 2,344   $ 87,114   $ 2,648  

Real estate construction

    14,046     337     31,042     739  

Commercial

    13,523     112     16,911     204  

Leases

    244         256      

Consumer

    611     8     519     4  
                   

Total

  $ 107,797   $ 2,801   $ 135,842   $ 3,595  
                   

(1)
For the loans and leases (excluding PCI loans) reported as impaired at September 30, 2013 and September 30, 2012, amounts were calculated based on the period of time such loans and leases were impaired during the reporting period.
Schedule of new troubled debt restructurings and defaulted troubled debt restructurings (excluding PCI loans)
Three Months Ended September 30,  
 
  2013   2012  
 
  Number
of
Loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
  Number
of
Loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
 
 
  (Dollars in thousands)
 

Troubled Debt Restructurings:

                                     

Real estate mortgage:

                                     

SBA 504

      $   $     1   $ 1,118   $ 1,118  

Other

    8     4,824     4,824     4     10,119     10,119  

Real estate construction:

                                     

Commercial

                1     6,973     6,973  

Commercial:

                                     

Collateralized

    2     499     499     2     370     370  

Unsecured

    1     17     17              

SBA 7(a)

                2     70     70  

Consumer

                1     206     206  
                           

Total

    11   $ 5,340   $ 5,340     11   $ 18,856   $ 18,856  
                           


 

 
  Nine Months Ended September 30,  
 
  2013   2012  
 
  Number
of
Loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
  Number
of
Loans
  Pre-
Modification
Outstanding
Recorded
Investment
  Post-
Modification
Outstanding
Recorded
Investment
 
 
  (Dollars in thousands)
 

Troubled Debt Restructurings:

                                     

Real estate mortgage:

                                     

SBA 504

      $   $     2   $ 1,680   $ 1,680  

Other

    12     16,215     16,215     4     10,119     10,119  

Real estate construction:

                                     

Commercial

                2     8,419     8,419  

Commercial:

                                     

Collateralized

    7     4,553     4,553     7     1,545     1,545  

Unsecured

    5     502     502     3     38     38  

Asset-based

    1     2,032     2,032              

SBA 7(a)

    4     137     137     4     299     299  

Consumer

                1     206     206  
                           

Total

    29   $ 23,439   $ 23,439     23   $ 22,306   $ 22,306  
                           


 

 
  Three Months Ended September 30,  
 
  2013   2012  
 
  Number
of
Loans
  Recorded
Investment(1)
  Number
of
Loans
  Recorded
Investment(2)
 
 
  (Dollars in thousands)
 

Troubled Debt Restructurings That Subsequently Defaulted(3):

                         

Real estate mortgage:

                         

Other

      $     2   $ 627  

Commercial:

                         

Unsecured

    2     70          

SBA 7(a)

            2     118  
                   

Total

    2   $ 70     4   $ 745  
                   

(1)
Represents the balance at September 30, 2013 and no charge-off.

(2)
Represents the balance at September 30, 2012 and is net of charge-offs of $82,000.

(3)
The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled debt restructurings in those classes for which the recorded investment was zero at the end of the period.

 
  Nine Months Ended September 30,  
 
  2013   2012  
 
  Number
of
Loans
  Recorded
Investment(1)
  Number
of
Loans
  Recorded
Investment(2)
 
 
  (Dollars in thousands)
 

Troubled Debt Restructurings That Subsequently Defaulted(3):

                         

Real estate mortgage:

                         

Other

    1   $ 1,327     2   $ 627  

Commercial:

                         

Collateralized

    1     427     7     828  

Unsecured

    2     70     2     93  

SBA 7(a)

            3     991  
                   

Total

    4   $ 1,824     14   $ 2,539  
                   

(1)
Represents the balance at September 30, 2013 and is net of charge-offs of $1.1 million.

(2)
Represents the balance at September 30, 2012 and is net of charge-offs of $613,000.

(3)
The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled debt restructurings in those classes for which the recorded investment was zero at the end of the period.
Schedule of accretable yield on the purchased credit impaired loans acquired in the FCAL acquisition

  May 31, 2013  
 
  Accretable Yield  
 
  Covered
PCI Loans
  Non-Covered
PCI Loans
  Total  
 
  (In thousands)
 

Undiscounted contractual cash flows

  $ 42,881   $ 41,936   $ 84,817  

Undiscounted cash flows not expected to be collected (nonaccretable difference)

    (16,050 )   (16,337 )   (32,387 )
               

Undiscounted cash flows expected to be collected

    26,831     25,599     52,430  

Estimated fair value of loans acquired

    (24,341 )   (19,805 )   (44,146 )

Acquired accrued interest receivable

    (66 )   (122 )   (188 )
               

Accretable yield

  $ 2,424   $ 5,672   $ 8,096  
               
Schedule of changes in the carrying amount of PCI loans and accretable yield on those loans
 
  Purchased Credit
Impaired Loans
 
 
  Carrying
Amount
  Accretable
Yield
 
 
  (In thousands)
 

Covered PCI Loans:

             

Balance, December 31, 2012

  $ 491,816   $ (196,022 )

Addition from the FCAL acquisition

    24,341     (2,424 )

Accretion

    33,057     33,057  

Payments received

    (161,823 )    

Decrease in expected cash flows, net

        12,521  

Provision for credit losses

    2,872      
           

Balance, September 30, 2013

  $ 390,263   $ (152,868 )
           

Non-Covered PCI Loans:

             

Balance, December 31, 2012

  $   $  

Addition from the FCAL acquisition

    19,805     (5,672 )

Accretion

    899     899  

Payments received

    (1,445 )    

Increase in expected cash flows, net

        (1,808 )
           

Balance, September 30, 2013

  $ 19,259   $ (6,581 )
           
Non-PCI Loans
 
Composition of loan portfolio  
Schedule of composition of loans and leases by portfolio segment
 
  September 30, 2013   December 31, 2012  
 
  Amount   % of
Total
  Amount   % of
Total
 
 
  (Dollars in thousands)
 

Real estate mortgage

  $ 2,551,781     65 % $ 1,938,513     63 %

Real estate construction

    189,957     5     129,959     4  

Commercial

    928,169     23     791,888     25  

Leases

    235,791     6     174,373     6  

Consumer

    33,828     1     22,973     1  

Foreign

    12,029         17,241     1  
                   

Total gross Non-PCI loans and leases

    3,951,555     100 %   3,074,947     100 %
                       

Less:

                         

Unearned income

    (919 )         (2,535 )      

Allowance for loan and lease losses

    (60,551 )         (65,899 )      
                       

Total net Non-PCI loans and leases

  $ 3,890,085         $ 3,006,513        
                       
Schedule of credit risk rating categories for loans and leases by portfolio segment and class
 
  September 30, 2013   December 31, 2012  
 
  Nonclassified   Classified   Total   Nonclassified   Classified   Total  
 
  (In thousands)
 

Real estate mortgage:

                                     

Hospitality

  $ 182,419   $ 5,654   $ 188,073   $ 168,489   $ 12,655   $ 181,144  

SBA 504

    42,621     5,505     48,126     48,372     5,786     54,158  

Other

    2,247,865     67,717     2,315,582     1,653,446     49,765     1,703,211  
                           

Total real estate mortgage

    2,472,905     78,876     2,551,781     1,870,307     68,206     1,938,513  
                           

Real estate construction:

                                     

Residential

    60,390     1,764     62,154     46,591     2,038     48,629  

Commercial

    121,221     6,582     127,803     77,503     3,827     81,330  
                           

Total real estate construction

    181,611     8,346     189,957     124,094     5,865     129,959  
                           

Commercial:

                                     

Collateralized

    538,101     24,392     562,493     442,293     14,802     457,095  

Unsecured

    104,608     1,618     106,226     67,133     2,905     70,038  

Asset-based

    225,110     6,788     231,898     235,075     4,355     239,430  

SBA 7(a)

    21,764     5,788     27,552     18,888     6,437     25,325  
                           

Total commercial

    889,583     38,586     928,169     763,389     28,499     791,888  
                           

Leases

    235,547     244     235,791     174,129     244     174,373  

Consumer

    29,089     4,739     33,828     21,733     1,240     22,973  

Foreign

    12,029         12,029     17,241         17,241  
                           

Total Non-PCI loans and leases

  $ 3,820,764   $ 130,791   $ 3,951,555   $ 2,970,893   $ 104,054   $ 3,074,947  
                           
PCI Loans
 
Composition of loan portfolio  
Schedule of composition of loans and leases by portfolio segment

  September 30,
2013
  December 31, 2012  
 
  Amount   % of
Total
  Amount   % of
Total
 
 
  (Dollars in thousands)
 

Real estate mortgage

  $ 419,600     97 % $ 484,057     93 %

Real estate construction

    11,567     3     24,645     5  

Commercial

    1,265         9,071     2  

Consumer

    325         112      
                   

Total gross PCI loans

    432,757     100 %   517,885     100 %
                       

Less:

                         

Allowance for loan losses

    (23,235 )         (26,069 )      
                       

Total net PCI loans

  $ 409,522         $ 491,816        
                       
Schedule of credit risk rating categories for loans and leases by portfolio segment and class

  September 30, 2013   December 31, 2012  
 
  Nonclassified   Classified   Total   Nonclassified   Classified   Total  
 
  (In thousands)
 

Real estate mortgage

  $ 246,718   $ 172,882   $ 419,600   $ 331,341   $ 152,716   $ 484,057  

Real estate construction

    4,303     7,264     11,567     6,311     18,334     24,645  

Commercial

    642     623     1,265     3,420     5,651     9,071  

Consumer

        325     325         112     112  
                           

Total PCI loans

  $ 251,663   $ 181,094   $ 432,757   $ 341,072   $ 176,813   $ 517,885