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Loans and Credit Quality (Tables)
 6 Months Ended
Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Accretable Yield on Purchased Credit Impaired Loans [Table Text Block]
The following table summarizes the accretable yield on the PCI loans acquired in the CapitalSource Inc. merger as of April 7, 2014:
 
April 7, 2014
Accretable Yield
 
(In thousands)
Undiscounted contractual cash flows
$
297,224

Undiscounted cash flows not expected to be collected (nonaccretable difference)
(195,654
)
Undiscounted cash flows expected to be collected
101,570

Estimated fair value of PCI loans acquired
(87,842
)
Accretable yield
$
13,728
Schedule Of Composition of Loans Portfolio [Table Text Block]
The following table summarizes the composition of our loan and lease portfolio as of the dates indicated:
 
June 30, 2014
 
December 31, 2013
 
Non-PCI
 
 
 
 
 
Non-PCI
 
 
 
 
 
Loans
 
PCI
 
 
 
Loans
 
PCI
 
 
 
and Leases
 
Loans
 
Total
 
and Leases
 
Loans
 
Total
 
(In thousands)
Real estate mortgage
$
5,241,860

 
$
359,160

 
$
5,601,020

 
$
2,424,864

 
$
371,134

 
$
2,795,998

Real estate construction
300,499

 
10,035

 
310,534

 
209,090

 
10,427

 
219,517

Commercial
5,196,755

 
28,939

 
5,225,694

 
1,241,776

 
974

 
1,242,750

Consumer
62,939

 
337

 
63,276

 
54,809

 
261

 
55,070

Total gross loans and leases
10,802,053

 
398,471

 
11,200,524

 
3,930,539

 
382,796

 
4,313,335

Deferred fees and costs
(10,384
)
 
(35
)
 
(10,419
)
 
(983
)
 
—

 
(983
)
Total loans and leases, net of unearned income
10,791,669

 
398,436

 
11,190,105

 
3,929,556

 
382,796

 
4,312,352

Allowance for loan and lease losses
(65,523
)
 
(16,626
)
 
(82,149
)
 
(60,241
)
 
(21,793
)
 
(82,034
)
Total net loans and leases
$
10,726,146

 
$
381,810

 
$
11,107,956

 
$
3,869,315

 
$
361,003

 
$
4,230,318
Allowance for Loan Losses
The following tables present a summary of the activity in the allowance for loan and lease losses on Non‑PCI loans and leases by portfolio segment and PCI loans for the periods indicated:
 
Three Months Ended June 30, 2014
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
24,352

 
$
4,103

 
$
27,740

 
$
3,785

 
$
59,980

 
$
21,200

 
$
81,180

Charge-offs
(487
)
 
—

 
(326
)
 
(17
)
 
(830
)
 
(4,604
)
 
(5,434
)
Recoveries
376

 
64

 
587

 
215

 
1,242

 
—

 
1,242

Provision (negative provision)
(1,965
)
 
135

 
7,529

 
(568
)
 
5,131

 
30

 
5,161

Balance, end of period
$
22,276

 
$
4,302

 
$
35,530

 
$
3,415

 
$
65,523

 
$
16,626

 
$
82,149


 
Six Months Ended June 30, 2014
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
26,078

 
$
4,298

 
$
26,921

 
$
2,944

 
$
60,241

 
$
21,793

 
$
82,034

Charge-offs
(581
)
 
—

 
(1,767
)
 
(32
)
 
(2,380
)
 
(4,553
)
 
(6,933
)
Recoveries
636

 
88

 
965

 
242

 
1,931

 
—

 
1,931

Provision (negative provision)
(3,857
)
 
(84
)
 
9,411

 
261

 
5,731

 
(614
)
 
5,117

Balance, end of period
$
22,276

 
$
4,302

 
$
35,530

 
$
3,415

 
$
65,523

 
$
16,626

 
$
82,149

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
2,245

 
$
238

 
$
12,531

 
$
321

 
$
15,335

 
 
 
 
Collectively evaluated for impairment
$
20,031

 
$
4,064

 
$
22,999

 
$
3,094

 
$
50,188

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
16,626

 
 
Loan and Leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
5,236,452

 
$
298,477

 
$
5,193,735

 
$
63,005

 
$
10,791,669

 
$
398,436

 
$
11,190,105

The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
62,287

 
$
12,797

 
$
51,488

 
$
3,971

 
$
130,543

 
 
 
 
Collectively evaluated for impairment
$
5,174,165

 
$
285,680

 
$
5,142,247

 
$
59,034

 
$
10,661,126

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
398,436

 
 
 
Three Months Ended June 30, 2013
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
37,265

 
$
3,300

 
$
23,157

 
$
1,494

 
$
65,216

 
$
29,303

 
$
94,519

Charge-offs
(3,237
)
 
—

 
(1,370
)
 
(27
)
 
(4,634
)
 
(64
)
 
(4,698
)
Recoveries
1,336

 
12

 
1,297

 
19

 
2,664

 
—

 
2,664

Provision (negative provision)
(3,560
)
 
120

 
3,259

 
181

 
—

 
(1,842
)
 
(1,842
)
Balance, end of period
$
31,804

 
$
3,432

 
$
26,343

 
$
1,667

 
$
63,246

 
$
27,397

 
$
90,643


 
Six Months Ended June 30, 2013
 
Real Estate Mortgage
 
Real Estate Construction
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
38,700

 
$
3,221

 
$
22,252

 
$
1,726

 
$
65,899

 
$
26,069

 
$
91,968

Charge-offs
(3,559
)
 
 
 
(2,192
)
 
(36
)
 
(5,787
)
 
—

 
(5,787
)
Recoveries
1,513

 
335

 
1,704

 
42

 
3,594

 
33

 
3,627

Provision (negative provision)
(4,850
)
 
(124
)
 
4,579

 
(65
)
 
(460
)
 
1,295

 
835

Balance, end of period
$
31,804

 
$
3,432

 
$
26,343

 
$
1,667

 
$
63,246

 
$
27,397

 
$
90,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
3,548

 
$
62

 
$
7,270

 
$
240

 
$
11,120

 
 
 
 
Collectively evaluated for impairment
$
28,256

 
$
3,370

 
$
19,073

 
$
1,427

 
$
52,126

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
27,397

 
 
Loan and Leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
2,559,639

 
$
197,776

 
$
1,140,219

 
$
28,596

 
$
3,926,230

 
$
494,389

 
$
4,420,619

The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
96,293

 
$
14,966

 
$
23,275

 
$
698

 
$
135,232

 
 
 
 
Collectively evaluated for impairment
$
2,463,346

 
$
182,810

 
$
1,116,944

 
$
27,898

 
$
3,790,998

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
494,389

 
 
CV of Loans Held for Investment by class by performing and nonperforming
The following table presents the credit risk rating categories for Non‑PCI loans and leases by portfolio segment and class as of the dates indicated. Nonclassified loans and leases are those with a credit risk rating of either pass or special mention, while classified loans and leases are those with a credit risk rating of either substandard or doubtful.
 
June 30, 2014
 
December 31, 2013
 
Nonclassified
 
Classified
 
Total
 
Nonclassified
 
Classified
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
533,930

 
$
15,376

 
$
549,306

 
$
168,216

 
$
12,337

 
$
180,553

SBA
338,366

 
8,032

 
346,398

 
39,869

 
5,297

 
45,166

Other
4,239,013

 
101,735

 
4,340,748

 
2,132,109

 
64,279

 
2,196,388

Total real estate mortgage
5,111,309

 
125,143

 
5,236,452

 
2,340,194

 
81,913

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
70,634

 
1,285

 
71,919

 
58,131

 
750

 
58,881

Commercial
221,572

 
4,986

 
226,558

 
142,607

 
6,291

 
148,898

Total real estate construction
292,206

 
6,271

 
298,477

 
200,738

 
7,041

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
400,672

 
45,550

 
446,222

 
567,643

 
18,838

 
586,481

Unsecured
144,188

 
1,309

 
145,497

 
151,896

 
1,856

 
153,752

Asset-based
1,472,731

 
15,481

 
1,488,212

 
195,569

 
6,859

 
202,428

Cash flow
2,062,811

 
76,106

 
2,138,917

 
—

 
—

 
—

Equipment finance
906,187

 
26,367

 
932,554

 
272,851

 
632

 
273,483

SBA
38,237

 
4,096

 
42,333

 
22,880

 
5,761

 
28,641

Total commercial
5,024,826

 
168,909

 
5,193,735

 
1,210,839

 
33,946

 
1,244,785

Consumer
58,701

 
4,304

 
63,005

 
50,474

 
4,411

 
54,885

Total Non-PCI loans and leases
$
10,487,042

 
$
304,627

 
$
10,791,669

 
$
3,802,245

 
$
127,311

 
$
3,929,556
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]
The following table summarizes the changes in the carrying amount of PCI loans and accretable yield on those loans for the period indicated:
 
Carrying Amount
 
Accretable Yield
 
(In thousands)

 
 
 
 
Balance, December 31, 2013
$
361,003

 
$
(139,568
)
Addition
87,842

 
(13,728
)
Accretion
32,319

 
32,319

Payments received
(98,740
)
 
—

Decrease in expected cash flows, net
—

 
(8,048
)
Provision for credit losses
(614
)
 
—

Balance, June 30, 2014
$
381,810

 
$
(129,025
)
Non Purchased Credit Impaired Loans and Leases [Member]
  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Delinquent loans in loan portfolio
The following tables present an aging analysis of our Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:
 
June 30, 2014
 
30-89 Days Past Due
 
90 or More
 Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Hospitality
$
—

 
$
—

 
$
—

 
$
549,306

 
$
549,306

SBA
3,125

 
1,788

 
4,913

 
341,485

 
346,398

Other
1,974

 
12,903

 
14,877

 
4,325,871

 
4,340,748

Total real estate mortgage
5,099

 
14,691

 
19,790

 
5,216,662

 
5,236,452

Real estate construction:
 
 
 
 
 
 
 
 
 
Residential
—

 
542

 
542

 
71,377

 
71,919

Commercial
—

 
1,487

 
1,487

 
225,071

 
226,558

Total real estate construction
—

 
2,029

 
2,029

 
296,448

 
298,477

Commercial:
 
 
 
 
 
 
 
 
 
Collateralized
6,606

 
182

 
6,788

 
439,434

 
446,222

Unsecured
145

 
18

 
163

 
145,334

 
145,497

Asset-based
—

 
—

 
—

 
1,488,212

 
1,488,212

Cash flow
—

 
—

 
—

 
2,138,917

 
2,138,917

Equipment finance
—

 
1,941

 
1,941

 
930,613

 
932,554

SBA
143

 
184

 
327

 
42,006

 
42,333

Total commercial
6,894

 
2,325

 
9,219

 
5,184,516

 
5,193,735

Consumer
128

 
3,235

 
3,363

 
59,642

 
63,005

Total Non-PCI loans and leases
$
12,121

 
$
22,280

 
$
34,401

 
$
10,757,268

 
$
10,791,669



 
December 31, 2013
 
30-89 Days Past Due
 
90 or More
Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Hospitality
$
—

 
$
—

 
$
—

 
$
180,553

 
$
180,553

SBA
2,564

 
—

 
2,564

 
42,602

 
45,166

Other
13,026

 
2,406

 
15,432

 
2,180,956

 
2,196,388

Total real estate mortgage
15,590

 
2,406

 
17,996

 
2,404,111

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
Residential
—

 
—

 
—

 
58,881

 
58,881

Commercial
—

 
2,013

 
2,013

 
146,885

 
148,898

Total real estate construction
—

 
2,013

 
2,013

 
205,766

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
Collateralized
473

 
259

 
732

 
585,749

 
586,481

Unsecured
83

 
68

 
151

 
153,601

 
153,752

Asset-based
—

 
—

 
—

 
202,428

 
202,428

Equipment finance
2,662

 
244

 
2,906

 
270,577

 
273,483

SBA
1,770

 
243

 
2,013

 
26,628

 
28,641

Total commercial
4,988

 
814

 
5,802

 
1,238,983

 
1,244,785

Consumer
3,319

 
—

 
3,319

 
51,566

 
54,885

Total Non-PCI loans and leases
$
23,897

 
$
5,233

 
$
29,130

 
$
3,900,426

 
$
3,929,556
Financing Receivable Non Accrual And Performing [Table Text Block]
The following table presents our nonaccrual and performing Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:  
 
June 30, 2014
 
December 31, 2013
 
Nonaccrual
 
Performing
 
Total
 
Nonaccrual
 
Performing
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
6,552

 
$
542,754

 
$
549,306

 
$
6,723

 
$
173,830

 
$
180,553

SBA
8,032

 
338,366

 
346,398

 
2,602

 
42,564

 
45,166

Other
28,098

 
4,312,650

 
4,340,748

 
18,648

 
2,177,740

 
2,196,388

Total real estate mortgage
42,682

 
5,193,770

 
5,236,452

 
27,973

 
2,394,134

 
2,422,107

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
927

 
70,992

 
71,919

 
389

 
58,492

 
58,881

Commercial
2,737

 
223,821

 
226,558

 
2,830

 
146,068

 
148,898

Total real estate construction
3,664

 
294,813

 
298,477

 
3,219

 
204,560

 
207,779

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
11,247

 
434,975

 
446,222

 
9,991

 
576,490

 
586,481

Unsecured
322

 
145,175

 
145,497

 
458

 
153,294

 
153,752

Asset-based
4,874

 
1,483,338

 
1,488,212

 
1,070

 
201,358

 
202,428

Cash flow
15,793

 
2,123,124

 
2,138,917

 
—

 
—

 
—

Equipment finance
10,576

 
921,978

 
932,554

 
632

 
272,851

 
273,483

SBA
4,096

 
38,237

 
42,333

 
3,037

 
25,604

 
28,641

Total commercial
46,908

 
5,146,827

 
5,193,735

 
15,188

 
1,229,597

 
1,244,785

Consumer
3,548

 
59,457

 
63,005

 
394

 
54,491

 
54,885

Total Non-PCI loans and leases
$
96,802

 
$
10,694,867

 
$
10,791,669

 
$
46,774

 
$
3,882,782

 
$
3,929,556
Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables [Table Text Block]
Non‑PCI nonaccrual loans and leases and performing restructured loans are considered impaired for reporting purposes. The following table presents the composition of our impaired loans and leases as of the dates indicated:
 
June 30, 2014
 
December 31, 2013
 
 
 
Performing
 
Total
 
 
 
Performing
 
Total
 
 
Nonaccrual
 
Restructured
 
Impaired
 
Nonaccrual
 
Restructured
 
Impaired
 
 
Loans/Leases
 
Loans
 
Loans/Leases
 
Loans/Leases
 
Loans
 
Loans/Leases
 
 
(In thousands)
 
Real estate mortgage
$
42,682

 
$
19,605

 
$
62,287

 
$
27,973

 
$
34,303

 
$
62,276

 
Real estate construction
3,664

 
9,133

 
12,797

 
3,219

 
4,293

 
7,512

 
Commercial
46,908

 
4,580

 
51,488

 
15,188

 
2,744

 
17,932

 
Consumer
3,548

 
423

 
3,971

 
394

 
308

 
702

 
Total
$
96,802

 
$
33,741

 
$
130,543

 
$
46,774

 
$
41,648

 
$
88,422

 
Impaired loans
The following tables present information regarding our Non‑PCI impaired loans and leases by portfolio segment and class for the dates indicated:
 
June 30, 2014
 
December 31, 2013
 
Recorded Investment
 
Unpaid Principal Balance
 
Related
Allowance
 
Recorded Investment
 
Unpaid Principal Balance
 
Related
Allowance
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
1,974

 
$
1,973

 
$
117

 
$
5,717

 
$
6,215

 
$
198

SBA
—

 
—

 
—

 
1,642

 
1,643

 
230

Other
14,329

 
14,446

 
2,128

 
15,937

 
16,571

 
1,760

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
771

 
770

 
150

 
778

 
778

 
168

Commercial
435

 
432

 
88

 
1,250

 
1,250

 
1

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
11,958

 
12,389

 
10,380

 
4,377

 
4,692

 
4,270

Unsecured
701

 
712

 
414

 
801

 
829

 
375

Asset-based
269

 
—

 
269

 
1,070

 
1,070

 
180

Cash flow
—

 
—

 
—

 
—

 
—

 
—

Equipment finance
1,941

 
1,941

 
1,468

 
—

 
—

 
—

SBA
—

 
—

 
—

 
1,136

 
1,136

 
178

Consumer
3,651

 
3,751

 
321

 
424

 
471

 
240

With No Related Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Hospitality
$
6,552

 
$
7,593

 
$
—

 
$
3,013

 
$
3,385

 
$
—

SBA
8,032

 
10,787

 
—

 
2,602

 
3,646

 
—

Other
31,400

 
43,753

 
—

 
33,365

 
46,062

 
—

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
Residential
542

 
550

 
—

 
—

 
—

 
—

Commercial
11,049

 
15,575

 
—

 
5,484

 
9,923

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
3,188

 
4,656

 
—

 
6,700

 
9,924

 
—

Unsecured
304

 
424

 
—

 
179

 
247

 
—

Asset-based
4,604

 
5,315

 
—

 
—

 
—

 
—

Cash flow
15,792

 
17,525

 
—

 
—

 
—

 
—

Equipment finance
8,635

 
12,700

 
—

 
632

 
632

 
—

SBA
4,096

 
5,304

 
—

 
3,037

 
4,945

 
—

Consumer
320

 
439

 
—

 
278

 
394

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage
$
62,287

 
$
78,552

 
$
2,245

 
$
62,276

 
$
77,522

 
$
2,188

Real estate construction
12,797

 
17,327

 
238

 
7,512

 
11,951

 
169

Commercial
51,488

 
60,966

 
12,531

 
17,932

 
23,475

 
5,003

Consumer
3,971

 
4,190

 
321

 
702

 
865

 
240

Total
$
130,543

 
$
161,035

 
$
15,335

 
$
88,422

 
$
113,813

 
$
7,600
Impaired Financing Receivables, Average Balances And Interest Income Recognized
 
Three Months Ended June 30,
 
2014
 
2013
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
1,974

 
$
20

 
$
8,779

 
$
226

SBA
—

 
—

 
1,659

 
23

Other
14,329

 
174

 
51,327

 
513

Real estate construction:
 
 
 
 
 
 
 
Residential
771

 
4

 
393

 
—

Commercial
435

 
6

 
8,540

 
87

Commercial:
 
 
 
 
 
 
 
Collateralized
5,986

 
43

 
3,804

 
10

Unsecured
701

 
6

 
2,062

 
8

Asset-based
269

 
—

 
223

 
5

Cash flow

—

 
—

 
—

 
—

Equipment finance
1,322

 
—

 
—

 
—

SBA
—

 
—

 
1,094

 
12

Consumer
3,571

 
5

 
436

 
3

With No Related Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
6,552

 
$
—

 
$
—

 
$
—

SBA
4,271

 
—

 
2,935

 
—

Other
27,100

 
79

 
25,041

 
133

Real estate construction:
 
 
 
 
 
 
 
Residential
542

 
—

 
441

 
—

Commercial
11,049

 
71

 
4,568

 
(59
)
Commercial:
 
 
 
 
 
 
 
Collateralized
1,985

 
24

 
4,266

 
—

Unsecured
304

 
—

 
179

 
—

Asset-based
4,604

 
—

 
—

 
—

Cash flow
174

 
—

 
—

 
—

Equipment finance
7,476

 
—

 
244

 
—

SBA
1,406

 
—

 
2,872

 
5

Consumer
274

 
—

 
173

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage
$
54,226

 
$
273

 
$
89,741

 
$
895

Real estate construction
12,797

 
81

 
13,942

 
28

Commercial
24,227

 
73

 
14,744

 
40

Consumer
3,845

 
5

 
609

 
3

Total
$
95,095

 
$
432

 
$
119,036

 
$
966

_________________________
(1)
For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.

 
Six Months Ended June 30,
 
2014
 
2013
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
1,974

 
$
40

 
$
8,779

 
$
247

SBA
—

 
—

 
1,659

 
45

Other
13,127

 
277

 
50,276

 
1,010

Real estate construction:
 
 
 
 
 
 
 
Residential
771

 
8

 
393

 
—

Commercial
221

 
7

 
8,540

 
179

Commercial:
 
 
 
 
 
 
 
Collateralized
4,843

 
49

 
2,795

 
18

Unsecured
684

 
12

 
2,062

 
17

Asset-based
269

 
—

 
112

 
5

Cash flow
—

 
—

 
—

 
—

Equipment finance
665

 
—

 
—

 
—

SBA
—

 
—

 
1,094

 
23

Consumer
2,761

 
9

 
436

 
5

With No Related Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
Hospitality
$
6,552

 
$
—

 
$
—

 
$
—

SBA
4,193

 
—

 
2,911

 
—

Other
23,697

 
153

 
20,777

 
190

Real estate construction:
 
 
 
 
 
 
 
Residential
339

 
—

 
441

 
—

Commercial
8,214

 
97

 
4,317

 
(29
)
Commercial:
 
 
 
 
 
 
 
Collateralized
1,532

 
31

 
2,773

 
—

Unsecured
295

 
—

 
160

 
—

Asset-based
2,340

 
—

 
—

 
—

Cash flow

87

 
—

 
—

 
—

Equipment finance
6,245

 
—

 
244

 
—

SBA
1,406

 
—

 
2,782

 
11

Consumer
253

 
—

 
163

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
Real estate mortgage
$
49,543

 
$
470

 
$
84,402

 
$
1,492

Real estate construction
9,545

 
112

 
13,691

 
150

Commercial
18,366

 
92

 
12,022

 
74

Consumer
3,014

 
9

 
599

 
5

Total
$
80,468

 
$
683

 
$
110,714

 
$
1,721

_________________________
(1)
For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.
Troubled Debt Restructurings on Financing Receivables
The following tables present new troubled debt restructurings of Non-PCI loans for the periods indicated:
 
Three Months Ended June 30, 2014
 
Three Months Ended June 30, 2013
Troubled Debt Restructurings
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)
Real estate mortgage - Other
4

 
$
1,341

 
$
1,341

 
—

 
$
—

 
$
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
2

 
59

 
59

 
3

 
3,518

 
3,518

Unsecured
—

 
—

 
—

 
2

 
398

 
398

Asset-based
—

 
—

 
—

 
1

 
2,032

 
2,032

SBA
—

 
—

 
—

 
4

 
137

 
137

Consumer
—

 
—

 
—

 
1

 
14

 
14

Total
6

 
$
1,400

 
$
1,400

 
11

 
$
6,099

 
$
6,099


 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
Troubled Debt Restructurings
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)
Real estate mortgage - Other
8

 
$
3,856

 
$
3,856

 
5

 
$
13,223

 
$
13,223

Real estate construction - Commercial
2

 
4,920

 
4,920

 
—

 
—

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Collateralized
6

 
3,346

 
3,346

 
4

 
3,913

 
3,913

Unsecured
2

 
38

 
38

 
2

 
398

 
398

Asset-based
—

 
—

 
—

 
1

 
2,032

 
2,032

SBA
—

 
—

 
—

 
4

 
137

 
137

Consumer
1

 
124

 
124

 
1

 
14

 
14

Total
19

 
$
12,284

 
$
12,284

 
17

 
$
19,717

 
$
19,717



The following tables present troubled debt restructurings that subsequently defaulted for the periods indicated:
 
Three Months Ended June 30,
 
 
2014
 
2013
 
Troubled Debt Restructurings
Number of
 
Recorded
 
Number of
 
Recorded
 
That Subsequently Defaulted:
Loans
 
Investment(1)
 
Loans
 
Investment(1)
 
 
(Dollars in thousands)
 
Real estate mortgage - Other
—

 
$
—

 
1

 
$
1,350

 
Commercial - Collateralized
—

 
—

 
3

 
788

 
Total
—

 
$
—

 
4

 
$
2,138

(2)
_________________________
(1)
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 restructurings in those classes for which the recorded investment was zero at the end of the period.
(2)
Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million.
 
Six Months Ended June 30,
 
 
2014
 
2013
 
Troubled Debt Restructurings
Number of
 
Recorded
 
Number of
 
Recorded
 
That Subsequently Defaulted:
Loans
 
Investment(1)
 
Loans
 
Investment(1)
 
 
(Dollars in thousands)
 
Real estate mortgage - Other
—

 
$
—

 
2

 
$
2,556

 
Commercial - Collateralized
2

 
427

 
3

 
788

 
Total
2

 
$
427

(2)
5

 
$
3,344

(3)
_________________________
(1)
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 restructurings in those classes for which the recorded investment was zero at the end of the period.
(2)
Represents the balance at June 30, 2014, and is net of charge-offs of $0.2 million
(3)
Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million
Purchased Credit Impaired Loans and Leases [Member]
  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
CV of Loans Held for Investment by class by performing and nonperforming
The following table presents the credit risk rating categories for PCI loans by portfolio segment as of the dates indicated. Nonclassified loans are those with a credit risk rating of either pass or special mention, while classified loans are those with a credit risk rating of either substandard or doubtful.
 
June 30, 2014
 
December 31, 2013
 
Nonclassified
 
Classified
 
Total
 
Nonclassified
 
Classified
 
Total
 
(In thousands)
Real estate mortgage
$
185,641

 
$
173,489

 
$
359,130

 
$
216,092

 
$
155,042

 
$
371,134

Real estate construction
3,623

 
6,407

 
10,030

 
4,399

 
6,028

 
10,427

Commercial
350

 
28,590

 
28,940

 
569

 
405

 
974

Consumer
—

 
336

 
336

 
—

 
261

 
261

Total PCI loans
$
189,614

 
$
208,822

 
$
398,436

 
$
221,060

 
$
161,736

 
$
382,796
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following table reflects the PCI loans by portfolio segment as of the dates indicated:
 
June 30, 2014
 
December 31, 2013
 
(In thousands)
Real estate mortgage
$
395,500

 
$
412,791

Real estate construction
10,763

 
12,015

Commercial
29,824

 
3,021

Consumer
408

 
424

Total gross PCI loans
436,495

 
428,251

Less:
 
 
 
Discount
(38,059
)
 
(45,455
)
Allowance for loan losses
(16,626
)
 
(21,793
)
Total net PCI loans
$
381,810

 
$
361,003