10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-35654

NATIONAL BANK HOLDINGS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	27-0563799
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

7800 East Orchard, Suite 300, Greenwood Village, Colorado 80111

(Address of principal executive offices) (Zip Code)

Registrant’s telephone, including area code: (720) 529-3336

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “accelerated filer.” and “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x  (do not check if a smaller reporting company)	Smaller Reporting Company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

As of August 9, 2013, NBHC had outstanding 45,409,579 shares of Class A voting common stock and 5,967,619 shares of Class B non-voting common stock, each with $0.01 par value per share.

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		Page
Part I. Financial Information
Item 1.	Financial Statements	3
	Unaudited Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012	3
	Unaudited Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2013 and 2012	4
	Unaudited Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2013 and 2012	5
	Unaudited Consolidated Statements of Changes in Stockholders’ Equity for the Six Months Ended June 30, 2013 and 2012	6
	Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2013 and 2012	7
	Notes to Unaudited Consolidated Financial Statements	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	39
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	78
Item 4.	Controls and Procedures	78
Part II. Other Information
Item 1.	Legal Proceedings	79
Item 1A.	Risk Factors	79
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds
Item 6.	Exhibits	80
Signature Page		81
Exhibit 31.1	Certification of CEO Pursuant to Section 302 of Sarbanes- Oxley Act of 2002
Exhibit 31.2	Certification of CFO Pursuant to Section 302 of Sarbanes- Oxley Act of 2002
Exhibit 32	Certifications of CEO and CFO pursuant to 18 U.S.C. Section 1350

2

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, notwithstanding that such statements are not specifically identified. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “anticipate,” “seek,” “potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” and similar words or phrases. These statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties. We have based these statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, liquidity, results of operations, business strategy and growth prospects.

Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements and, therefore, you are cautioned not to place undue reliance on such statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to:

• our ability to execute our business strategy, as well as changes in our business strategy or development plans;

• business and economic conditions generally and in the financial services industry;

• economic, market, operational, liquidity, credit and interest rate risks associated with our business;

• effects of any changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board;

• changes imposed by regulatory agencies to increase our capital to a level greater than the current level required for well-capitalized financial institutions (including the impact of the recent joint final rules promulgated by the Federal Reserve Board, Office of the Comptroller of the Currency and the FDIC revising certain regulatory capital requirements to align with the Basel III capital standards and meet certain requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act);

• effects of inflation, as well as, interest rate, securities market and monetary supply fluctuations;

• changes in the economy or supply-demand imbalances affecting local real estate values;

• changes in consumer spending, borrowings and savings habits;

• our ability to identify potential candidates for, obtain regulatory approval, and consummate, acquisitions of financial institutions on attractive terms, or at all;

• our ability to integrate acquisitions and to achieve synergies, operating efficiencies and/or other expected benefits within expected time-frames, or at all, or within expected cost projections, and to preserve the goodwill of acquired financial institutions;

• our ability to achieve organic loan and deposit growth and the composition of such growth;

• changes in sources and uses of funds, including loans, deposits and borrowings;

• increased competition in the financial services industry, nationally, regionally or locally, resulting in, among other things, lower risk-adjusted returns;

• the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters;

• continued consolidation in the financial services industry;

• our ability to maintain or increase market share and control expenses;

• costs and effects of changes in laws and regulations and of other legal and regulatory developments, including, but not limited to, changes in regulation that affect the fees that we charge, the resolution of legal proceedings or regulatory or other governmental inquiries, and the results of regulatory examinations, reviews or other inquires.

• technological changes;

• the timely development and acceptance of new products and services and perceived overall value of these products and services by our clients;

• changes in our management personnel and our continued ability to hire and retain qualified personnel;

• ability to implement and/or improve operational management and other internal risk controls and processes and our reporting system and procedures;

• inability to receive dividends from our subsidiary bank and to pay dividends to our common stockholders and satisfy obligations as they become due;

• changes in estimates of future loan reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements;

• political instability, acts of war or terrorism and natural disasters;

• impact of reputational risk on such matters as business generation and retention; and

1

• our success at managing the risks involved in the foregoing items.

Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

2

PART I: FINANCIAL INFORMATION

Item 1: FINANCIAL STATEMENTS

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

Consolidated Statements of Financial Condition (Unaudited)

(In thousands, except share and per share data)

	June 30, 2013			December 31, 2012
ASSETS
Cash and due from banks	$	62,095		$	90,505
Due from Federal Reserve Bank of Kansas City	190,072			579,267
Interest bearing bank deposits	50,589			99,408
Cash and cash equivalents	302,756			769,180
Securities purchased under agreements to resell	100,000			—
Investment securities available-for-sale (at fair value)	2,046,536			1,718,028
Investment securities held-to-maturity (fair value of $586,830 and $584,551 at June 30, 2013 and December 31, 2012, respectively)	592,661			577,486
Non-marketable securities	31,775			32,996
Loans (including covered loans of $453,805 and $608,222 at June 30, 2013 and December 31, 2012, respectively)	1,723,287			1,832,702
Allowance for loan losses	(11,847		)	(15,380		)
Loans, net	1,711,440			1,817,322
Loans held for sale	6,288			5,368
Federal Deposit Insurance Corporation (“FDIC”) indemnification asset, net	59,883			86,923
Other real estate owned	79,299			94,808
Premises and equipment, net	120,746			121,436
Goodwill	59,630			59,630
Intangible assets, net	24,902			27,575
Other assets	84,772			100,023
Total assets	$	5,220,688		$	5,410,775
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest bearing demand deposits	$	667,786		$	677,985
Interest bearing demand deposits	476,215			529,996
Savings and money market	1,246,760			1,240,020
Time deposits	1,596,966			1,752,718
Total deposits	3,987,727			4,200,719
Securities sold under agreements to repurchase	122,879			53,685
Due to FDIC	31,245			31,271
Other liabilities	34,594			34,541
Total liabilities	4,176,445			4,320,216
Stockholders’ equity:
Common stock, par value $0.01 per share: 400,000,000 shares authorized; 52,463,641 and 53,279,579 shares issued; 51,377,198 and 52,327,672 shares outstanding at June 30, 2013 and December 31, 2012, respectively	514			523
Additional paid in capital	991,538			1,006,194
Retained earnings	42,941			43,273
Treasury stock of 240 shares at December 31, 2012, at cost	—			(4		)
Accumulated other comprehensive income, net of tax	9,250			40,573
Total stockholders’ equity	1,044,243			1,090,559
Total liabilities and stockholders’ equity	$	5,220,688		$	5,410,775

See accompanying notes to the unaudited consolidated interim financial statements.

3

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations (Unaudited)

(In thousands, except share and per share data)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Interest and dividend income:
Interest and fees on loans	$	34,320		$	42,594		$	70,455		$	89,185
Interest and dividends on investment securities	13,596			16,454			26,844			31,560
Dividends on non-marketable securities	388			384			782			765
Interest on interest-bearing bank deposits	174			413			495			1,225
Total interest and dividend income	48,478			59,845			98,576			122,735
Interest expense:
Interest on deposits	4,171			7,900			8,682			17,503
Interest on borrowings	20			32			38			61
Total interest expense	4,191			7,932			8,720			17,564
Net interest income before provision for loan losses	44,287			51,913			89,856			105,171
Provision for loan losses	1,670			12,226			3,087			20,062
Net interest income after provision for loan losses	42,617			39,687			86,769			85,109
Non-interest income:
FDIC indemnification asset accretion	(2,966		)	(2,646		)	(7,635		)	(6,333		)
FDIC loss sharing income	1,193			4,076			4,469			7,775
Service charges	3,923			4,328			7,610			8,704
Bank card fees	2,558			2,383			5,027			4,684
Gain on sales of mortgages, net	474			294			780			603
Gain on sale of securities, net	—			—			—			674
Gain on previously charged-off acquired loans	451			257			894			1,790
Other non-interest income	1,691			1,357			3,330			2,422
Total non-interest income	7,324			10,049			14,475			20,319
Non-interest expense:
Salaries and employee benefits	23,768			22,631			46,724			45,044
Occupancy and equipment	5,870			4,738			11,835			9,275
Professional fees	858			3,272			2,254			5,943
Telecommunications and data processing	3,286			3,488			6,755			7,219
Marketing and business development	732			1,612			2,111			2,530
Supplies and printing	498			828			854			1,207
Other real estate owned expenses	2,497			63			7,216			8,684
Problem loan expenses	896			2,726			3,227			4,437
Intangible asset amortization	1,337			1,331			2,673			2,667
FDIC deposit insurance	1,006			1,161			2,053			2,512
ATM/debit card expenses	1,107			1,223			2,112			1,998
Initial public offering related expenses	—			87			—			408
Acquisition related costs	—			15			—			870
Loss (gain) from the change in fair value of warrant liability	324			(589		)	(303		)	137
Other non-interest expense	3,051			2,715			5,603			5,343
Total non-interest expense	45,230			45,301			93,114			98,274
Income before income taxes	4,711			4,435			8,130			7,154
Income tax expense	1,813			1,733			3,150			2,809
Net income	$	2,898		$	2,702		$	4,980		$	4,345
Income per share—basic	$	0.06		$	0.05		$	0.10		$	0.08
Income per share—diluted	$	0.06		$	0.05		$	0.10		$	0.08
Weighted average number of common shares outstanding:
Basic	52,055,434			52,191,239			52,187,295			52,184,051
Diluted	52,081,326			52,319,170			52,213,193			52,311,348

See accompanying notes to the unaudited consolidated interim financial statements.

4

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

(In thousands)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Net income	$	2,898		$	2,702		$	4,980		$	4,345
Other comprehensive income (loss), net of tax:
Securities available-for-sale:
Net unrealized gains (losses) arising during the period, net of tax benefit (expense) of $15,838 and ($1,549) for the three months ended June 30, 2013 and 2012, respectively; and net of tax benefit (expense) of $17,711 and ($847) for the six months ended June 30, 2013 and 2012, respectively.	(25,300		)	2,488			(27,801		)	1,733
Reclassification adjustment for net securities gains included in net income, net of tax expense of $263 for the six months ended June 30, 2012.	—			—			—			(411		)
Reclassification adjustment for net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity, net of tax expense of $15,159 for the six months ended June 30, 2012.	—			—			—			(23,711		)
	(25,300		)	$	2,488		(27,801		)	$	(22,389	)
Net unrealized holding gains on securities transferred between available-for-sale to held-to-maturity:
Net unrealized holding gains on securities transferred, net of tax expense of $15,159 for the six months ended June 30, 2012.	—			—			—			23,711
Less: amortization of net unrealized holding gains to income, net of tax benefit of $987 and $1,182 for the three months ended June 30, 2013 and 2012, respectively; and net of tax benefit of $2,205 and $1,182 for the six months ended June 30, 2013 and 2012, respectively.	(1,577		)	(1,913		)	(3,522		)	(1,913		)
	(1,577		)	(1,913		)	(3,522		)	21,798
Other comprehensive income (loss)	(26,877		)	575			(31,323		)	(591		)
Comprehensive income (loss)	$	(23,979	)	$	3,277		$	(26,343	)	$	3,754

See accompanying notes to the unaudited consolidated interim financial statements.

5

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)

Six Months Ended June 30, 2013 and 2012

(In thousands, except share and per share data)

	Common stock			Additional paid-in capital			Retained earnings			Treasury stock			Accumulated other comprehensive income, net			Total
Balance, December 31, 2011	$	522		$	994,705		$	46,480		$	—		$	47,022		$	1,088,729
Net income	—			—			4,345			—			—			4,345
Stock-based compensation	—			4,258			—			—			—			4,258
Other comprehensive loss	—			—			—			—			(591		)	(591		)
Balance, June 30, 2012	522			998,963			50,825			—			46,431			1,096,741
Balance, December 31, 2012	523			1,006,194			43,273			(4		)	40,573			1,090,559
Net income	—			—			4,980			—			—			4,980
Stock-based compensation	—			2,667			—			—			—			2,667
(Repurchase) /retirement of shares	(9		)	(17,323		)	—			4			—			(17,328		)
Dividends paid ($0.10 per share)	—			—			(5,312		)	—			—			(5,312		)
Other comprehensive loss	—			—			—			—			(31,323		)	(31,323		)
Balance, June 30, 2013	$	514		$	991,538		$	42,941		$	—		$	9,250		$	1,044,243

See accompanying notes to the unaudited consolidated interim financial statements.

6

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

	For the six months ended
	June 30,
	2013			2012
Cash flows from operating activities:
Net income	$	4,980		$	4,345
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	3,087			20,062
Depreciation and amortization	7,683			5,596
Gain on sale of securities, net	—			(674		)
Current income tax expense	3,721			—
Deferred income tax benefit	(10,445		)	(2,965		)
Discount accretion, net of premium amortization	10,274			2,375
Loan accretion	(46,210		)	(66,135		)
Net gain on sale of mortgage loans	(780		)	(603		)
Origination of loans held for sale	(32,678		)	(26,893		)
Proceeds from sales of loans held for sale	31,734			26,476
Amortization of indemnification asset	7,635			6,333
Gain on the sale of other real estate owned, net	(3,932		)	(4,040		)
Impairment on other real estate owned	7,148			7,213
Stock-based compensation	2,667			4,258
Decrease in due to FDIC, net	(26		)	(33,981		)
Decrease (increase) in other assets	(3,530		)	(1,261		)
Decrease in other liabilities	(3,995		)	(26,349		)
Net cash used in operating activities	(22,667		)	(86,243		)
Cash flows from investing activities:
Purchase of FHLB of Des Moines stock	—			(4,018		)
Sale of FHLB stock	1,221			—
Purchase of FRB stock	—			59
Sales of investment securities available-for-sale	—			20,794
Maturities of investment securities held-to-maturity	107,338			53,156
Maturities of investment securities available-for-sale	314,954			220,487
Purchase of investment securities held-to-maturity	(127,784		)	(2,234		)
Purchase of investment securities available-for-sale	(693,977		)	(936,281		)
Increase in securities purchased under agreements to resell	(100,000		)	—
Net decrease in loans	124,430			304,587
Purchase of premises and equipment	(4,320		)	(33,831		)
Proceeds from sales of other real estate owned	37,672			35,851
Decrease in FDIC indemnification asset	63,052			27,715
Net cash used in investing activities	(277,414		)	(313,715		)
Cash flows from financing activities:
Net decrease in deposits	(212,992		)	(533,504		)
Increase in repurchase agreements	69,194			9,911
Payment of dividends	(5,217		)	—
Repurchase of shares	(17,328		)	—
Net cash used in financing activities	(166,343		)	(523,593		)
Decrease in cash and cash equivalents	(466,424		)	(923,551		)
Cash and cash equivalents at beginning of the year	769,180			1,628,137
Cash and cash equivalents at end of period	$	302,756		$	704,586
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	$	9,241		$	22,048
Cash paid during the period for taxes	$	9,892		$	20,441

7

Supplemental schedule of non-cash investing activities:
Loans transferred to other real estate owned at fair value	$	25,379	$	56,100
FDIC indemnification asset claims transferred to other assets	$	21,049	$	74,075
Available-for-sale investment securities transferred to investment securities held-to-maturity	$	—	$	754,063

See accompanying notes to the unaudited consolidated interim financial statements.

8

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Note 1 Basis of Presentation

National Bank Holdings Corporation (the “Company”) is a bank holding company that was incorporated in the State of Delaware in June 2009 with the intent to acquire and operate community banking franchises and other complementary businesses in targeted markets. The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, NBH Bank, N.A. NBH Bank, N.A. is the resulting entity from the Company's acquisitions to date and it offers consumer and commercial banking through 101 full-service banking centers that are predominately located in the greater Kansas City area and Colorado.

These interim financial statementsserve to update the National Bank Holdings Corporation Annual Report on Form 10-K for the year ended December 31, 2012. The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. However, they may not include all information and notes necessary to constitute a complete set of financial statements under GAAP applicable to annual periods and accordingly should be read in conjunction with the financial information contained in the Form 10-K. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.

The Company's significant accounting policies followed in the preparation of the consolidated financial statements are disclosed in Note 2 of the audited financial statements and notes for the year ended December 31, 2012 are contained in the Company's Annual Report on Form 10-K, referenced above. During the six months ended June 30, 2013, the Company began entering into agreements with certain financial institutions whereby the Company purchases securities under agreements to resell as of a specified future date at a specified price plus accrued interest. The securities purchased under agreements to resell are carried at the contractual amounts at which the securities will subsequently be resold, including accrued interest. The securities purchased under agreement to resell are subject to a master netting arrangement; however, the Company has not offset any of the amounts shown in the consolidated financial statements. The securities are pledged as collateral by the counterparties and are held by a third party custodian. The collateral is valued daily and additional collateral may be obtained or refunded as necessary to maintain full collateralization of these transactions. There have been no other significant changes to the application of significant accounting policies since December 31, 2012.

GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the amount and timing of expected cash flows from assets, the valuation of the FDIC indemnification asset and clawback liability, the valuation of other real estate owned (“OREO”), the fair value adjustments on assets acquired and liabilities assumed, the valuation of core deposit intangible assets, the deferred tax assets, the evaluation of investment securities for other-than-temporary impairment (“OTTI”), the fair values of financial instruments, the allowance for loan losses (“ALL”), and contingent liabilities. Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates.

Note 2 Recent Accounting Pronouncements

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income—In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02, Comprehensive Income-Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Entities are also required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required to be reclassified to net income in its entirety in the same accounting period. Other amounts that are not required to be reclassified to net income are to be cross-referenced to other disclosures that provide additional detail about those amounts. The Company was required to adopt this update in 2013 with retrospective application. Adoption of this update affects the presentation of the components of comprehensive income in the

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NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Company’s financial statements, but did not have an impact on the Company’s consolidated statements of financial condition, results of operations or liquidity.

Note 3 Investment Securities

The Company’s investment securities portfolio is comprised of available-for-sale and held-to-maturity investment securities. These investment securities totaled $2.6 billion at June 30, 2013, an increase from $2.3 billion at December 31, 2012. Included in the aforementioned $2.6 billion was $2.0 billion of available-for-sale securities and $0.6 billion of held-to-maturity securities.

Available-for-sale

Available-for-sale investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset backed securities	$	43,568	$	10	$	—		$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	553,871		8,376		(2,112		)	560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,456,908		12,706		(27,210		)	1,442,404
Other securities	419		—		—			419
Total	$	2,054,766	$	21,092	$	(29,322	)	$	2,046,536

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	300	$	—	$	—		$	300
Asset backed securities	89,881		122		—			90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	658,169		19,849		(1		)	678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	931,979		17,630		(320		)	949,289
Other securities	419		—		—			419
Total	$	1,680,748	$	37,601	$	(321	)	$	1,718,028

At June 30, 2013 and December 31, 2012, mortgage-backed securities represented 97.9% and 94.7%, respectively, of the Company’s available-for-sale investment portfolio and all mortgage-backed securities were backed by government sponsored enterprises (“GSE”) collateral such as Federal Home Loan Mortgage Corporation (“FHLMC”) and Federal National Mortgage Association (“FNMA”), and the government sponsored agency Government National Mortgage Association (“GNMA”).

10

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period (in thousands):

	June 30, 2013
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	264,915	$	(2,111	)	$	15	$	(1	)	$	264,930	$	(2,112	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,010,827		(27,210		)	—		—			1,010,827		(27,210		)
Total	$	1,275,742	$	(29,321	)	$	15	$	(1	)	$	1,275,757	$	(29,322	)

	December 31, 2012
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	17	$	—		$	8	$	(1	)	$	25	$	(1	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	130,686		(320		)	—		—			130,686		(320		)
Total	$	130,703	$	(320	)	$	8	$	(1	)	$	130,711	$	(321	)

Management evaluated all of the securities in an unrealized loss position and concluded that no other-than-temporary-impairment existed at June 30, 2013 or December 31, 2012. The Company had no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost.

The Company pledges certain securities as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the Federal Reserve Bank, if needed. The fair value of available-for-sale investment securities pledged as collateral totaled $166.1 million at June 30, 2013 and $89.2 millionDecember 31, 2012. The increase of pledged available-for-sale investment securities was primarily attributable to the increase in securities sold under agreements to repurchase during the six months ended June 30, 2013. Certain investment securities may also be pledged as collateral should the Company utilize its line of credit at the FHLB of Des Moines; however, no investment securities were pledged for this purpose at June 30, 2013 or December 31, 2012.

11

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the available-for-sale investment portfolio as of June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	43,576		43,586
Due after five years through ten years	220,611		219,889
Due after ten years	1,790,160		1,782,642
Other securities	419		419
Total investment securities available-for-sale	$	2,054,766	$	2,046,536

Actual maturities of mortgage-backed securities may differ from contractual maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average life of the available-for-sale mortgage-backed securities portfolio was 3.8 years as of June 30, 2013 and 3.4 years as of December 31, 2012. This estimate is based on assumptions and actual results may differ. Other securities of $0.4 million have no stated contractualmaturity date as of June 30, 2013.

Held-to-maturity

At June 30, 2013 and December 31, 2012 the Company held $592.7 million and $577.5 million of held-to-maturity investment securities, respectively. During the first quarter of 2012 the Company transferred securities with a fair value of $754.1 million from an available-for-sale classification to the held-to-maturity classification. During the six months ended June 30, 2013, the Company purchased $127.8 million of held-to-maturity investment securities. Held-to-maturity investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	509,690	$	—	$	(3,528	)	$	506,162
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	82,971		—		(2,303		)	80,668
Total investment securities held-to-maturity	$	592,661	$	—	$	(5,831	)	$	586,830

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	577,486	$	7,065	$	—	$	584,551
Total investment securities held-to-maturity	$	577,486	$	7,065	$	—	$	584,551

12

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the held-to-maturity investment portfolio at June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	—		—
Due after ten years	592,661		586,830
Other securities	—		—
Total investment securities held-to-maturity	$	592,661	$	586,830

The carrying value of held-to-maturity investment securities pledged as collateral totaled $149.5 million and $127.9 million at June 30, 2013 and December 31, 2012, respectively. Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio as of June 30, 2013 and December 31, 2012 was 4.0 and 3.8 years, respectively. This estimate is based on assumptions and actual results may differ.

Note 4 Loans

The loan portfolio is comprised of new loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions of Bank of Choice and Community Banks of Colorado in 2011, and Hillcrest Bank and Bank Midwest in 2010. The majority of the loans acquired in the Hillcrest Bank and Community Banks of Colorado transactions are covered by loss sharing agreements with the FDIC, and covered loans are presented separately from non-covered loans due to the FDIC loss sharing agreements associated with these loans. Covered loans comprised 26.3% of the total loan portfolio at June 30, 2013, compared to 33.2% of the total loan portfolio at December 31, 2012.

The table below shows the loan portfolio composition including carrying value by segment of loans accounted for under ASC Topic 310-30 Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality and loans not accounted for under this guidance, which includes our originated loans. The table also shows the amounts covered by the FDIC loss sharing agreements as of June 30, 2013 and December 31, 2012. The carrying value of loans are net of discounts on loans excluded from Accounting Standards Codification (“ASC”) Topic 310-30 , and fees and costs of $15.6 million and $20.4 million as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	June 30, 2013
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	73,326	$	203,889	$	277,215	16.1	%
Commercial real estate	409,361		267,655		677,016		39.3	%
Agriculture	42,121		113,428		155,549		9.0	%
Residential real estate	81,779		492,354		574,133		33.3	%
Consumer	10,878		28,496		39,374		2.3	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%
Covered	$	389,484	$	64,321	$	453,805	26.3	%
Non-covered	227,981		1,041,501		1,269,482		73.7	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%

13

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	December 31, 2012
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	83,169	$	187,419	$	270,588	14.8	%
Commercial real estate	566,035		238,964		804,999		43.9	%
Agriculture	47,733		125,674		173,407		9.5	%
Residential real estate	106,100		427,277		533,377		29.1	%
Consumer	18,984		31,347		50,331		2.7	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%
Covered	$	527,948	$	80,274	$	608,222	33.2	%
Non-covered	294,073		930,407		1,224,480		66.8	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%

Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. All loans accounted for under ASC 310-30 were classified as performing assets at December 31, 2012, regardless of past due status, as the carrying value of all of the respective pools’ cash flows were considered estimable. During the six months ended June 30, 2013, the Company determined that the cash flows of one covered commercial and industrial loan pool, with a balance of $18.7 million at June 30, 2013, were no longer reasonably estimable, and in accordance with the guidance in ASC 310-30, this pool was put on non-accrual status. Interest income was recognized on all accruing loans accounted for under ASC 310-30 through accretion of the difference between the carrying value of the loans and the expected cash flows.

14

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Pooled loans accounted for under ASC 310-30 that are 90 days or more past due and still accreting are generally considered to be performing and are included in loans 90 days or more past due and still accruing. At June 30, 2013 and December 31, 2012, $14.2 million and $23.1 million, respectively, of loans excluded from the scope of ASC 310-30 were on non-accrual and $18.7 million of loans accounted for under ASC 310-30 were on non-accrual status at June 30, 2013. Loan delinquency for all loans is shown in the following tables at June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	604	$	81	$	879	$	1,564	$	202,325	$	203,889	$	20	$	1,714
Commercial real estate
Construction	—		—		—		—		6,516		6,516		—		—
Acquisition/development	47		404		—		451		10,727		11,178		—		1
Multifamily	935		—		—		935		7,802		8,737		—		186
Owner-occupied	71		172		106		349		70,106		70,455		—		893
Non owner-occupied	138		—		4,713		4,851		165,918		170,769		—		5,277
Total commercial real estate	1,191		576		4,819		6,586		261,069		267,655		—		6,357
Agriculture	20		—		—		20		113,408		113,428		—		205
Residential real estate
Senior lien	1,149		102		1,417		2,668		437,779		440,447		—		5,214
Junior lien	151		47		220		418		51,489		51,907		—		458
Total residential real estate	1,300		149		1,637		3,086		489,268		492,354		—		5,672
Consumer	320		17		5		342		28,154		28,496		5		256
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Covered loans excluded from ASC 310-30	393		56		688		1,137		63,184		64,321		—		2,747
Non-covered loans excluded from ASC 310-30	3,042		767		6,652		10,461		1,031,040		1,041,501		25		11,457
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Loans accounted for under ASC 310-30
Commercial	746		123		5,401		6,270		67,056		73,326		5,324		18,661
Commercial real estate	2,600		9,078		81,618		93,296		316,065		409,361		81,618		—
Agriculture	2,154		—		2,688		4,842		37,279		42,121		2,688		—
Residential real estate	1,410		817		3,453		5,680		76,099		81,779		3,453		—
Consumer	153		100		61		314		10,564		10,878		61		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Covered loans accounted for under ASC 310-30	2,781		6,357		75,461		84,599		304,885		389,484		75,384		18,661
Non-covered loans accounted for under ASC 310-30	4,282		3,761		17,760		25,803		202,178		227,981		17,760		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865
Covered loans	$	3,174	$	6,413	$	76,149	$	85,736	$	368,069	$	453,805	$	75,384	$	21,408
Non-covered loans	7,324		4,528		24,412		36,264		1,233,218		1,269,482		17,785		11,457
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865

15

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	Total Loans December 31, 2012
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	846	$	148	$	1,122	$	2,116	$	185,303	$	187,419	$	—	$	4,500
Commercial real estate
Construction	—		—		—		—		3,915		3,915		—		—
Acquisition/development	1,948		—		—		1,948		8,485		10,433		—		75
Multifamily	—		—		34		34		13,387		13,421		—		237
Owner-occupied	97		106		1,074		1,277		56,490		57,767		—		3,365
Non owner-occupied	—		122		5,123		5,245		148,183		153,428		—		7,992
Total commercial real estate	2,045		228		6,231		8,504		230,460		238,964		—		11,669
Agriculture	33		40		11		84		125,590		125,674		—		251
Residential real estate
Senior lien	1,261		119		1,825		3,205		373,243		376,448		22		5,815
Junior lien	181		—		110		291		50,538		50,829		—		593
Total residential real estate	1,442		119		1,935		3,496		423,781		427,277		22		6,408
Consumer	447		48		3		498		30,849		31,347		3		291
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Covered loans excluded from ASC 310-30	75		51		2,062		2,188		78,086		80,274		—		6,045
Non-covered loans excluded from ASC 310-30	4,738		532		7,240		12,510		917,897		930,407		25		17,074
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Loans accounted for under ASC 310-30
Commercial	521		563		5,621		6,705		76,464		83,169		5,621		—
Commercial real estate	10,060		3,928		129,656		143,644		422,391		566,035		129,656		—
Agriculture	1,247		16		2,768		4,031		43,702		47,733		2,768		—
Residential real estate	1,247		207		5,463		6,917		99,183		106,100		5,463		—
Consumer	297		327		3,253		3,877		15,107		18,984		3,253		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Covered loans accounted for under ASC 310-30	9,855		3,613		116,883		130,351		397,597		527,948		116,883		—
Non-covered loans accounted for under ASC 310-30	3,517		1,428		29,878		34,823		259,250		294,073		29,878		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119
Covered loans	$	9,930	$	3,664	$	118,945	$	132,539	$	475,683	$	608,222	$	116,883	$	6,045
Non-covered loans	8,255		1,960		37,118		47,333		1,177,147		1,224,480		29,903		17,074
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119

16

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	155,575	$	6,118	$	41,724	$	472	$	203,889
Commercial real estate
Construction	6,516		—		—		—		6,516
Acquisition/development	2,344		2,766		6,068		—		11,178
Multifamily	7,587		—		1,113		37		8,737
Owner-occupied	61,770		877		7,808		—		70,455
Non owner-occupied	134,175		27,283		9,311		—		170,769
Total commercial real estate	212,392		30,926		24,300		37		267,655
Agriculture	111,792		784		852		—		113,428
Residential real estate
Senior lien	431,305		1,708		6,860		574		440,447
Junior lien	49,446		206		2,255		—		51,907
Total residential real estate	480,751		1,914		9,115		574		492,354
Consumer	28,234		—		255		7		28,496
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Covered loans excluded from ASC 310-30	33,346		3,637		26,485		853		64,321
Non-covered loans excluded from ASC 310-30	955,398		36,105		49,761		237		1,041,501
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Loans accounted for under ASC 310-30
Commercial	26,903		3,078		42,161		1,184		73,326
Commercial real estate	145,617		29,644		227,927		6,173		409,361
Agriculture	30,217		2,135		9,769		—		42,121
Residential real estate	50,147		6,381		25,251		—		81,779
Consumer	9,449		583		846		—		10,878
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Covered loans accounted for under ASC 310-30	143,764		28,616		210,880		6,224		389,484
Non-covered loans accounted for under ASC 310-30	118,569		13,205		95,074		1,133		227,981
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287
Total covered	$	177,110	$	32,253	$	237,365	$	7,077	$	453,805
Total non-covered	1,073,967		49,310		144,835		1,370		1,269,482
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287

17

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	Total Loans December 31, 2012
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	137,537	$	9,776	$	38,696	$	1,410	$	187,419
Commercial real estate
Construction	3,915		—		—		—		3,915
Acquisition/development	6,727		—		3,706		—		10,433
Multifamily	8,409		3,798		1,201		13		13,421
Owner-occupied	44,129		4,006		9,632		—		57,767
Non owner-occupied	104,307		29,394		19,411		316		153,428
Total commercial real estate	167,487		37,198		33,950		329		238,964
Agriculture	120,471		1,359		3,844		—		125,674
Residential real estate
Senior lien	365,571		2,240		8,106		531		376,448
Junior lien	48,359		251		2,214		5		50,829
Total residential real estate	413,930		2,491		10,320		536		427,277
Consumer	31,050		—		276		21		31,347
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Covered loans excluded from ASC 310-30	32,117		9,974		36,427		1,756		80,274
Non-covered loans excluded from ASC 310-30	838,358		40,850		50,659		540		930,407
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Loans accounted for under ASC 310-30
Commercial	29,719		3,628		42,101		7,721		83,169
Commercial real estate	162,122		60,787		329,869		13,257		566,035
Agriculture	34,599		1,242		11,892		—		47,733
Residential real estate	57,697		6,614		41,789		—		106,100
Consumer	14,489		723		3,772		—		18,984
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Covered loans accounted for under ASC 310-30	159,430		57,056		292,174		19,288		527,948
Non-covered loans accounted for under ASC 310-30	139,196		15,938		137,249		1,690		294,073
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702
Total covered	$	191,547	$	67,030	$	328,601	$	21,044	$	608,222
Total non-covered	977,554		56,788		187,908		2,230		1,224,480
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702

18

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Impaired Loans

Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with the contractual terms of the loan agreement. Included in impaired loans are loans excluded from ASC 310-30 on non-accrual status and troubled debt restructurings (“TDR’s”) described below. If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral dependent loans. At June 30, 2013, the Company measured $15.4 million of impaired loans using discounted cash flows and the loan’s initial contractual effective interest rate and $5.1 million of impaired loans based on the fair value of the collateral less selling costs. $9.2 million of impaired loans that individually are less than $250 thousand each, are measured through our general ALL reserves due to their relatively small size.

19

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

At June 30, 2013, the Company’s recorded investment in impaired loans was $29.7 million, $9.8 million of which was covered by loss sharing agreements. Impaired loans had a collective related allowance for loan losses allocated to them of $1.0 million at June 30, 2013. Additional information regarding impaired loans at June 30, 2013 is set forth in the table below (in thousands):

	Impaired Loans June 30, 2013
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	7,619	$	7,606	$	—	$	8,079	$	218
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	4,301		4,017		—		4,086		154
Non-owner occupied	6,275		4,953		—		5,312		—
Total commercial real estate	10,576		8,970		—		9,398		154
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	628		619		—		620		2
Junior lien	—		—		—		—		—
Total residential real estate	628		619		—		620		2
Consumer	—		—		—		—		—
Total impaired loans with no related allowance recorded	18,823		17,195		—		18,097		374
With a related allowance recorded:
Commercial	6,709		1,677		296		1,708		6
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		1		—		—		—
Multifamily	191		186		37		193		—
Owner-occupied	996		793		7		808		7
Non-owner occupied	906		760		5		765		7
Total commercial real estate	2,093		1,740		49		1,766		14
Agriculture	224		206		1		204		—
Residential real estate
Senior lien	7,830		7,070		610		7,166		42
Junior lien	1,704		1,509		17		1,523		25
Total residential real estate	9,534		8,579		627		8,689		67
Consumer	328		307		8		323		2
Total impaired loans with a related allowance recorded	18,888		12,509		981		12,690		89
Total impaired loans	$	37,711	$	29,704	$	981	$	30,787	$	463

20

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

At June 30, 2012, the Company’s recorded investment in impaired loans was $49.9 million, $7.8 million of which was covered by loss sharing agreements. The impaired loans had a collective related allowance for loan losses allocated to them of $1.9 million at June 30, 2012. The table below shows additional information regarding impaired loans at June 30, 2012 (in thousands):

	Impaired Loans June 30, 2012
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	20,623	$	10,420	$	—	$	12,607	$	91
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	14,449		13,820		—		13,818		166
Multifamily	198		191		—		191		—
Owner-occupied	5,336		5,042		—		5,111		37
Non owner-occupied	10,273		9,387		—		9,748		16
Total commercial real estate	30,256		28,440		—		28,868		219
Agriculture	43		40		—		42		—
Residential real estate
Senior lien	3,393		3,081		—		3,143		4
Junior lien	285		259		—		267		—
Total residential real estate	3,678		3,340		—		3,410		4
Consumer	16		16		—		16		—
Total impaired loans with no related allowance recorded	54,616		42,256		—		44,943		314
With a related allowance recorded:
Commercial	2,013		2,011		1,165		2,052		10
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	372		358		137		358		—
Non owner-occupied	3,818		3,678		181		3,702		6
Total commercial real estate	4,190		4,036		318		4,060		6
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	1,574		1,557		410		1,580		29
Junior lien	—		—		—		—		—
Total residential real estate	1,574		1,557		410		1,580		29
Consumer	—		—		—		—		—
Total impaired loans with a related allowance recorded	7,777		7,604		1,893		7,692		45
Total impaired loans	$	62,393	$	49,860	$	1,893	$	52,635	$	359

21

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Troubled debt restructurings

It is the Company’s policy to review each prospective credit in order to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include restructuring a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Additionally, if a borrower’s repayment obligation has been discharged by a court, and that debt has not been reaffirmed by the borrower, regardless of past due status, the loan is considered to be a troubled debt restructuring (“TDR”). At June 30, 2013 and December 31, 2012, the Company had $14.9 million and $17.7 million, respectively, of accruing TDR’s that had been restructured from the original terms in order to facilitate repayment. Of these, $7.1 million and $5.0 million, respectively, were covered by FDIC loss sharing agreements.

Non-accruing TDR’s at June 30, 2013 and December 31, 2012 totaled $8.2 million and $12.9 million, respectively. Of these, $1.7 million were covered by the FDIC loss sharing agreements as of June 30, 2013 and $3.6 million were covered by the FDIC loss sharing agreements as of December 31, 2012.

During the six months ended June 30, 2013, the Company restructured twenty-three loans with a recorded investment of $4.3 million to facilitate repayment. Substantially all of the loan modifications were an extension of term and rate modifications. Loan modifications to loans accounted for under ASC 310-30 are not considered troubled debt restructurings. The table below provides additional information related to accruing TDR’s at June 30, 2013 and December 31, 2012 (in thousands):

	Accruing TDR’s
	June 30, 2013
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,484	$	11,848	$	11,752	$	165
Commercial real estate	436		437		442		1,426
Agriculture	—		—		—		—
Residential real estate	2,903		2,930		2,913		21
Consumer	47		49		47		—
Total	$	14,870	$	15,264	$	15,154	$	1,612

	Accruing TDR’s
	December 31, 2012
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,474	$	13,171	$	11,794	$	6,908
Commercial real estate	3,597		3,708		3,734		—
Agriculture	—		—		—		—
Residential real estate	2,458		2,469		2,460		35
Consumer	191		195		191		—
Total	$	17,720	$	19,543	$	18,179	$	6,943

22

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

The following table summarizes the Company’s carrying value of non-accrual TDR’s as of June 30, 2013 and December 31, 2012 (in thousands):

	Non - Accruing TDR’s
	June 30, 2013				December 31, 2012
	Covered		Non-covered		Covered		Non-covered
Commercial	$	104	$	643	$	1,736	$	1,215
Commercial real estate	186		4,953		313		6,823
Agriculture	—		—		—		21
Residential real estate	1,434		619		1,514		958
Consumer	—		256		—		291
Total	$	1,724	$	6,471	$	3,563	$	9,308

Accrual of interest is resumed on loans that were on non-accrual at the time of restructuring, only after the loan has performed sufficiently. The Company had one TDR that had been modified within the past 12 months that defaulted on their restructured terms during the six months ended June 30, 2013. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. The defaulted TDR was a commercial real estate loan totaling $39 thousand.

Loans accounted for under ASC Topic 310-30

Loan pools accounted for under ASC Topic 310-30 are periodically remeasured to determine expected future cash flows. In determining the expected cash flows, the timing of cash flows and prepayment assumptions for smaller homogeneous loans are based on statistical models that take into account factors such as the loan interest rate, credit profile of the borrowers, the years in which the loans were originated, and whether the loans are fixed or variable rate loans. Prepayments may be assumed on large loans if circumstances specific to that loan warrant a prepayment assumption. No prepayments were presumed for small homogeneous commercial loans; however, prepayment assumptions are made that consider similar prepayment factors listed above for smaller homogeneous loans. The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during the six months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013			June 30, 2012
Accretable yield beginning balance	$	133,585		$	186,494
Reclassification from non-accretable difference	37,725			29,483
Reclassification to non-accretable difference	(2,755		)	(5,651		)
Accretion	(40,013		)	(52,244		)
Accretable yield ending balance	$	128,542		$	158,082

The accretable yield of $128.5 million at June 30, 2013 includes $1.4 million of accretable yield related to the loan pool that was put on non-accrual status during the six months ended June 30, 2013. This accretable yield is not being accreted to income and its recognition will be deferred until full recovery of the carrying value of this pool is realized.

Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013			December 31, 2012
Contractual cash flows	$	1,199,710		$	1,444,279
Non-accretable difference	(453,703		)	(488,673		)
Accretable yield	(128,542		)	(133,585		)
Loans accounted for under ASC 310-30	$	617,465		$	822,021

23

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Note 5 Allowance for Loan Losses

The tables below detail the Company’s allowance for loan losses (“ALL”) and recorded investment in loans as of and for the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	3,286		$	2,975		$	793		$	5,342		$	493		$	12,889
Non 310-30 beginning balance	2,875			2,492			524			4,356			493			10,740
Charge-offs	(624		)	(684		)	—			(549		)	(208		)	(2,065		)
Recoveries	86			112			13			27			72			310
Provision	(97		)	193			(42		)	499			114			667
Non 310-30 ending balance	2,240			2,113			495			4,333			471			9,652
310-30 beginning balance	411			483			269			986			—			2,149
Charge-offs	(407		)	16			—			(566		)	—			(957		)
Recoveries	—			—			—			—			—			—
Provision	42			(193		)	—			1,154			—			1,003
310-30 ending balance	46			306			269			1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764		$	5,907		$	471		$	11,847

24

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	Six months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture		Residential real estate			Consumer			Total
Beginning balance	$	2,798		$	7,396		$	592	$	4,011		$	583		$	15,380
Non 310-30 beginning balance	2,798			3,056			323		4,011			540			10,728
Charge-offs	(1,253		)	(943		)	—		(624		)	(441		)	(3,261		)
Recoveries	95			112			13		41			149			410
Provision	600			(112		)	159		905			223			1,775
Non 310-30 ending balance	2,240			2,113			495		4,333			471			9,652
310-30 beginning balance	—			4,340			269		—			43			4,652
Charge-offs	(407		)	(2,796		)	—		(566		)	—			(3,769		)
Recoveries	—			—			—		—			—			—
Provision	453			(1,238		)	—		2,140			(43		)	1,312
310-30 ending balance	46			306			269		1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	296		$	49		$	1	$	627		$	8		$	981
Non 310-30 loans collectively evaluated for impairment	1,944			2,064			494		3,706			463			8,671
310-30 loans	46			306			269		1,574			—			2,195
Total ending allowance balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Loans:
Non 310-30 individually evaluated for impairment	$	9,283		$	10,710		$	206	$	9,198		$	307		$	29,704
Non 310-30 collectively evaluated for impairment	194,606			256,945			113,222		483,156			28,189			1,076,118
310-30 loans	73,326			409,361			42,121		81,779			10,878			617,465
Total loans	$	277,215		$	677,016		$	155,549	$	574,133		$	39,374		$	1,723,287

	Three months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	4,371		$	3,641		$	166		$	3,645		$	585		$	12,408
Non 310-30 beginning balance	1,889			3,110			166			3,363			553			9,081
Charge-offs	(127		)	(241		)	(8		)	(430		)	(203		)	(1,009		)
Recoveries	—			101			—			72			20			193
Provision	(37		)	608			126			808			265			1,770
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	2,482			531			—			282			32			3,327
Charge-offs	(176		)	(6,613		)	—			(144		)	(19		)	(6,952		)
Recoveries	155			273			—			—			—			428
Provision	(868		)	10,028			376			921			(1		)	10,456
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294

25

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	Six months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	2,959		$	3,389		$	282		$	4,121		$	776		$	11,527
Non 310-30 beginning balance	1,597			3,389			154			3,423			776			9,339
Charge-offs	(2,759		)	(2,413		)	(8		)	(464		)	(595		)	(6,239		)
Recoveries	—			219			—			96			293			608
Provision	2,887			2,383			138			758			161			6,327
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	1,362			—			128			698			—			2,188
Charge-offs	(215		)	(8,143		)	—			(560		)	(19		)	(8,937		)
Recoveries	—			273			—			—			—			273
Provision	446			12,089			248			921			31			13,735
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	1,165		$	318		$	—		$	410		$	—		$	1,893
Non 310-30 loans collectively evaluated for impairment	560			3,260			284			3,403			635			8,142
310-30 loans	1,593			4,219			376			1,059			12			7,259
Total ending allowance balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Loans:
Non 310-30 individually evaluated for impairment	$	12,431		$	32,476		$	40		$	4,897		$	16		$	49,860
Non 310-30 collectively evaluated for impairment	153,622			226,768			87,864			371,139			28,318			867,711
310-30 loans	117,711			706,672			59,139			143,432			33,478			1,060,432
Total loans	$	283,764		$	965,916		$	147,043		$	519,468		$	61,812		$	1,978,003

In evaluating the loan portfolio for an appropriate ALL level, non-impaired loans that were not accounted for under ASC 310-30 were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of applying loss ratios and determining applicable subjective adjustments to the ALL. The application of subjective adjustments was based upon qualitative risk factors, including economic trends and conditions, industry conditions, asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results.

The Company charged-off $1.8 million and $2.9 million, net of recoveries, of non ASC 310-30 loans during the three and six months ended June 30, 2013, respectively. The Company had previously provided specific reserves for $1.3 million of the net charge-offs realized during the three and six months ended June 30, 2013. Improvements in credit quality trends of the non 310-30 loan portfolio were seen in both past due and non-performing loans during the three and six months ended June 30, 2013 and, through management's evaluation discussed above, resulted in a provision for loan losses on the non 310-30 loans of $0.7 million and $1.8 million, respectively.

During the six months ended June 30, 2013, the Company re-estimated the expected cash flows of the loan pools accounted for under ASC 310-30 utilizing the same cash flow methodology used at the time of acquisition. The re-measurement resulted in a net impairment of $1.0 million and $1.3 million for the three and six months ended June 30, 2013. The impairments were primarily driven by the residential real estate segment, with $1.2 million and $2.1 million in impairments during the three and six months ended June 30, 2013. As a result of gross cash flow improvements during the three and six months ended June 30,

26

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

2013, the re-measurements resulted in a reversal of $0.2 million and $1.2 million, respectively, of impairment expense in the commercial real estate segment.

During the three and six months ended June 30, 2012, the Company's re-measurement of expected future cash flows of ASC 310-30 loans resulted in impairments of $10.5 million and $13.7 million, respectively. The commercial real estate pool was the primary contributor to the total impairment with impairments of $10.0 million and $12.1 million for the three and six months ended June 30, 2012, respectively. The residential real estate pool recorded impairments of $0.9 million for the three and six months ended June 30, 2012. During the three and six months ended June 30, 2012, the Company recorded $1.8 million and $6.3 million, respectively, of provision for loan losses for loans not accounted for under ASC 310-30 primarily to provide for changes in credit risk inherent in new loan originations and provide for charge offs.

The Company charged off $5.6 million, net of recoveries, of non ASC 310-30 loans during the six months ended June 30, 2012, $2.4 million of which was the result of a large commercial and industrial loan that was not considered indicative of future charge-offs in the commercial and industrial loan category. The Company also charged off $2.4 million of commercial real estate loans, primarily the result of two commercial real estate loans outside of our core market areas totaling $2.1 million.

Note 6 FDIC Indemnification Asset

Under the terms of the purchase and assumption agreement with the FDIC with regard to the Hillcrest Bank and Community Banks of Colorado acquisitions, the Company is reimbursed for a portion of the losses incurred on covered assets. As covered assets are resolved, whether it be through repayment, short sale of the underlying collateral, the foreclosure on and sale of collateral, or the sale or charge-off of loans or OREO, any differences between the carrying value of the covered assets versus the payments received during the resolution process, that are reimbursable by the FDIC, are recognized in the consolidated statements of operations as FDIC loss sharing income. Any gains or losses realized from the resolution of covered assets reduce or increase, respectively, the amount recoverable from the FDIC.

Below is a summary of the activity related to the FDIC indemnification asset during the six months ended June 30, 2013 and 2012 (in thousands):

	For the six months ended
	June 30, 2013			June 30, 2012
Balance at beginning of period	$	86,923		$	223,402
Accretion	(7,635		)	(6,333		)
FDIC portion of charge-offs exceeding fair value marks	1,644			5,533
Reduction for claims filed	(21,049		)	(74,075		)
Balance at end of period	$	59,883		$	148,527

During the six months ended June 30, 2013, the Company recognized $7.6 million of negative accretion on the FDIC indemnification asset, and reduced the carrying value of the FDIC indemnification asset by $21.0 million as a result of claims filed with the FDIC. The negative accretion resulted from an overall increase in actual and expected cash flows on the underlying covered assets, resulting in lower expected reimbursements from the FDIC. The increase in overall expected cash flows from these underlying assets is reflected in increased accretion rates on covered loans and is being recognized over the expected remaining lives of the underlying covered loans as an adjustment to yield. The loss claims filed are subject to review and approval, including extensive audits, by the FDIC or its assigned agents for compliance with the terms in the loss sharing agreements. During the six months ended June 30, 2013, the Company received $67.6 million in payments from the FDIC.

During the six months ended June 30, 2012, the Company recognized $6.3 million of negative accretion on the FDIC indemnification asset, and reduced the carrying value of the FDIC indemnification asset by $68.5 million as a result of claims filed with the FDIC. During the six months ended June 30, 2012, the Company submitted $74.1 million of loss-share claims to the FDIC for the reimbursable portion of losses related to the Hillcrest Bank and Community Banks of Colorado covered assets.

27

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Note 7 Other Real Estate Owned

A summary of the activity in the OREO balances during the six months ended June 30, 2013 and 2012 is as follows (in thousands):

	For the three months ended For the six months ended June 30,
	2013			2012
Beginning balance	$	94,808		$	120,636
Transfers from loan portfolio, at fair value	25,379			56,100
Impairments	(7,148		)	(7,213		)
Sales	(37,672		)	(35,851		)
Gain on sale of OREO, net	3,932			4,040
Ending balance	$	79,299		$	137,712

The OREO balances include the interests of several outside participating banks totaling $4.0 million at June 30, 2013, $5.3 million at December 31, 2012, and $17.9 million at June 30, 2012, for which an offsetting liability is recorded in other liabilities. It excludes $10.7 million, $10.6 million and $12.2 million, for the same respective periods, of the Company’s minority interests in OREO which are held by outside banks where the Company was not the lead bank and does not have a controlling interest, for which the Company maintains a receivable in other assets.

Of the $79.3 million of OREO at June 30, 2013, $45.5 million, or 57.4%, was covered by loss sharing agreements with the FDIC. Any losses on these assets are substantially offset by a corresponding change in the FDIC indemnification asset. During the six months ended June 30, 2013, the Company sold $37.7 million of OREO and realized net gains on these sales of $3.9 million.

Of the $137.7 million of OREO at June 30, 2012, $77.5 million, or 56.3%, was covered by the loss sharing agreements with the FDIC. Any losses on these assets are substantially offset by a corresponding change in the FDIC indemnification asset. During the six months ended June 30, 2012, the Company sold $35.9 million of OREO and realized net gains on these sales of $4.0 million.

Note 8 Deposits

As of June 30, 2013 and December 31, 2012, deposits totaled $4.0 billion and $4.2 billion, respectively. Time deposits decreased from $1.8 billion at December 31, 2012 to $1.6 billion at June 30, 2013. The following table summarizes the Company’s time deposits, based upon contractual maturity, at June 30, 2013 and December 31, 2012, by remaining maturity (in thousands):

	June 30, 2013				December 31, 2012
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
Three months or less	$	329,163	0.65	%	$	356,446	0.78	%
Over 3 months through 6 months	339,916		0.59	%	259,097		0.68	%
Over 6 months through 12 months	514,388		0.60	%	583,209		0.67	%
Over 12 months through 24 months	248,386		0.92	%	373,283		0.88	%
Over 24 months through 36 months	102,572		1.60	%	111,599		1.77	%
Over 36 months through 48 months	39,018		1.67	%	43,967		1.83	%
Over 48 months through 60 months	18,538		1.35	%	19,278		1.44	%
Thereafter	4,985		1.82	%	5,839		2.32	%
Total time deposits	$	1,596,966	0.76	%	$	1,752,718	0.85	%

28

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

In connection with the Company’s FDIC-assisted transactions, the FDIC provided Hillcrest Bank, Bank of Choice and Community Banks of Colorado depositors with the right to redeem their time deposits at any time during the life of the time deposit, without penalty, unless the depositor accepts new terms. At June 30, 2013 and December 31, 2012, the Company had approximately $111.9 million and $164.3 million, respectively, of time deposits that were subject to penalty-free withdrawals.

The Company incurred interest expense on deposits as follows during the periods indicated (in thousands):

	For the three months ended				For the six months ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
Interest bearing demand deposits	$	180	$	308	$	379	$	735
Money market accounts	827		980		1,662		2,072
Savings accounts	54		76		114		161
Time deposits	3,110		6,536		6,527		14,535
Total	$	4,171	$	7,900	$	8,682	$	17,503

Note 9 Regulatory Capital

At June 30, 2013 and December 31, 2012, as applicable, NBH Bank, N.A. and the consolidated holding company exceeded all capital ratio requirements under prompt corrective action or other regulatory requirements, as is detailed in the table below (dollars in thousands):

	June 30, 2013
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.7	%	$	950,460	N/A		N/A		4	%	$	203,435
NBH Bank, N.A.	17.3	%	861,541		10	%	$	498,299	4	%	199,320
Tier 1 risk-based capital ratio (2)
Consolidated	50.1	%	$	950,460	6	%	$	113,753	4	%	$	75,836
NBH Bank, N.A.	46.1	%	861,541		11	%	205,389		4	%	74,687
Total risk-based capital ratio (2)
Consolidated	50.8	%	$	963,108	10	%	$	189,589	8	%	$	151,671
NBH Bank, N.A.	46.8	%	874,189		12	%	224,061		8	%	149,374

29

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	December 31, 2012
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.2	%	$	962,779	N/A		N/A		4	%	$	211,439
NBH Bank, N.A.	16.4	%	851,365		10	%	$	518,244	4	%	207,298
Tier 1 risk-based capital ratio (2)
Consolidated	51.9	%	$	962,779	6	%	$	111,396	4	%	$	74,264
NBH Bank, N.A.	46.6	%	851,365		11	%	201,147		4	%	73,144
Total risk-based capital ratio (2)
Consolidated	52.7	%	$	978,535	10	%	$	185,659	8	%	$	148,527
NBH Bank, N.A.	47.4	%	867,121		12	%	219,433		8	%	146,289

(1) These ratio requirements are reflective of the agreements the Company has made with its various regulators in connection with the approval of the de novo charter for NBH Bank, N.A., as described above.

(2) Due to the conditional guarantee represented by the loss sharing agreements, the FDIC indemnification asset and covered assets are risk-weighted at 20% for purposes of risk-based capital computations.

Note 10 FDIC Loss Sharing Income

In connection with the loss sharing agreements that the Company has with the FDIC with regard to the Hillcrest Bank and Community Banks of Colorado transactions, the Company recognizes the actual reimbursement of costs of resolution of covered assets from the FDIC through the statements of operations. The table below provides additional details of the Company’s FDIC loss sharing income during the three and six months ended June 30, 2013 and 2012 (in thousands):

	For the three months ended						For the six months ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Clawback liability amortization	$	(310	)	$	(357	)	$	(623	)	$	(711	)
Clawback liability remeasurement	76			1,077			649			1,067
Reimbursement (to) from FDIC for (gain) loss on sale of and income from covered OREO	(1,241		)	(163		)	(2,101		)	434
Reimbursement to FDIC for recoveries	(7		)	—			(22		)	(1		)
FDIC reimbursement of costs of resolution of covered assets	2,675			3,519			6,566			6,986
Total	$	1,193		$	4,076		$	4,469		$	7,775

Note 11 Stock-based Compensation and Employee Benefits

The Company issued stock options in accordance with the NBH Holdings Corp. 2009 Equity Incentive Plan (the “Plan”) during the six months ended June 30, 2013. These option awards vest on a graded basis over 1-4 years of continuous service and have 10-year contractual terms. The expense associated with the awarded stock options was measured at fair value using a Black-Scholes option-pricing model using the following weighted average assumptions:

30

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	Black-Scholes
Risk-free interest rate	1.02	%
Expected volatility	31.85	%
Expected term (years)	6.70
Dividend yield	1.11	%

Expected volatility was calculated using a time-based weighted migration of the Company’s own stock price volatility coupled with those of a peer group of 9 comparable publicly traded companies for a period commensurate with the expected term of the options. The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. The expected term was estimated to be the average of the contractual vesting term and time to expiration. The dividend yield was assumed to be $0.05 per share per quarter. Options granted during the six months ended June 30, 2013 had weighted average grant date fair values of $5.30 per share.

The following table summarizes option activity for the six months ended June 30, 2013:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding at December 31, 2012	3,471,665		$	19.98	6.94	$	22,800.00
Granted during the six months ended June 30, 2013	148,350		18.28
Forfeited	(27,990	)	19.80
Exercised	—		—
Outstanding at June 30, 2013	3,592,025		$	19.91	6.40	$	254,961.70
Options fully vested and exercisable at June 30, 2013	2,588,832		$	20.00	6.46	$	—
Options expected to vest	974,140		$	19.71	6.61	$	231,670.53

Stock option expense is included in salaries and employee benefits in the accompanying consolidated statements of operations and totaled $0.6 million and $1.1 million for the three months ended June 30, 2013 and 2012, respectively, and $1.3 million and $2.0 million of the six months ended June 30, 2013 and 2012, respectively. At June 30, 2013, there was $2.2 million of total unrecognized compensation cost related to non-vested stock options granted under the Plan. The cost is expected to be recognized over a weighted average period of 0.7 years.

Expense related to non-vested restricted stock totaled $0.7 million and $1.0 million during the three months ended June 30, 2013 and 2012, respectively, and $1.4 million and $2.3 million during the six months ended June 30, 2013 and 2012, respectively, and is included in salaries and employee benefits in the Company’s consolidated statements of operations. As of June 30, 2013, there was $3.1 million of total unrecognized compensation cost related to non-vested restricted shares granted under the Plan, which is expected to be recognized over a weighted average period of 1.0 years. The following table summarizes restricted stock activity for the six months ended June 30, 2013:

	Total Restricted Shares		Weighted Average Grant-Date Fair Value
Unvested at December 31, 2012	951,668		$	14.79
Granted	136,768		18.09
Forfeited	(1,992	)	18.09
Unvested at June 30, 2013	1,086,444		$	15.20

31

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Note 12 Common Stock

The Company had 45,409,579 shares of Class A common stock and 5,967,619 shares of Class B common stock outstanding as of June 30, 2013 and 46,368,483 shares of Class A common stock and 5,959,189 shares of Class B common stock outstanding as of December 31, 2012. Additionally, as of June 30, 2013 and December 31, 2012, the Company had 1,086,444 and 951,668 shares, respectively, of restricted Class A common stock issued but not yet vested under the NBH Holdings Corp. 2009 Equity Incentive Plan. Class A common stock possesses all of the voting power for all matters requiring action by holders of common stock, with certain limited exceptions. The Company’s certificate of incorporation provides that, except with respect to voting rights and conversion rights, the Class A common stock and Class B non-voting common stock are treated equally and identically.

Note 13 Income Per Share

The Company calculates income per share under the two-class method, as certain non-vested share awards contain nonforfeitable rights to dividends. As such, these awards are considered securities that participate in the earnings of the Company. Non-vested shares are discussed further in note 11.

The Company had 51,377,198 and 52,191,239 shares outstanding (inclusive of Class A and B) as of June 30, 2013 and 2012, respectively. Certain stock options, non-vested restricted shares and warrants are potentially dilutive securities, but are not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive for three and six months ended June 30, 2013 and 2012, respectively.

The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2013 and 2012 (in thousands, except share and earnings per share information):

	For the three months ended					For the six months ended
	June 30, 2013			June 30, 2012		June 30, 2013			June 30, 2012
Distributed earnings	$	2,649		$	—	$	5,312		$	—
Undistributed earnings (distributions in excess of earnings)	249			2,702		(332		)	4,345
Net income	2,898			2,702		4,980			4,345
Less: earnings allocated to participating securities	(7		)	—		(7		)	—
Earnings allocated to common stockholders	$	2,891		$	2,702	$	4,973		$	4,345
Weighted average shares outstanding for basic earnings per common share	52,055,434			52,191,239		52,187,295			52,184,051
Dilutive effect of equity awards	25,892			127,931		25,898			127,297
Weighted average shares outstanding for diluted earnings per common share	52,081,326			52,319,170		52,213,193			52,311,348
Basic earnings per share	$	0.06		$	0.05	$	0.10		$	0.10
Diluted earnings per share	$	0.06		$	0.05	$	0.10		$	0.10

The Company had 3,592,025 and 3,473,332 outstanding stock options to purchase common stock at weighted average exercise prices of $19.91 and $20.00 per share at June 30, 2013 and 2012, respectively, which were not included in the computations of diluted income per share because the options’ exercise price was greater than the average market price of the common shares during those periods. Additionally, the Company had 830,750 outstanding warrants to purchase the Company’s common stock as of June 30, 2013 and 2012. The warrants have an exercise price of $20.00, which was out-of-the-money for purposes of dilution calculations during both periods. The Company had 1,086,444 and 1,174,792 unvested restricted shares outstanding as of June 30, 2013 and 2012, respectively, which have performance, market and time-vesting criteria, and as such, any dilution is derived only for the timeframe in which the vesting criteria had been met and where the inclusion of those restricted shares is dilutive.

32

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Note 14 Fair Value Measurements

The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair value of its financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. For disclosure purposes, the Company groups its financial and non-financial assets and liabilities into three different levels based on the nature of the instrument and the availability and reliability of the information that is used to determine fair value. The three levels are defined as follows:

• Level 1—Includes assets or liabilities in which the inputs to the valuation methodologies are based on unadjusted quoted prices in active markets for identical assets or liabilities.

• Level 2—Includes assets or liabilities in which the inputs to the valuation methodologies are based on similar assets or liabilities in inactive markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs other than quoted prices that are observable, such as interest rates, yield curves, volatilities, prepayment speeds, and other inputs obtained from observable market input.

• Level 3—Includes assets or liabilities in which the inputs to the valuation methodology are based on at least one significant assumption that is not observable in the marketplace. These valuations may rely on management’s judgment and may include internally-developed model-based valuation techniques.

Level 1 inputs are considered to be the most transparent and reliable and level 3 inputs are considered to be the least transparent and reliable. The Company assumes the use of the principal market to conduct a transaction of each particular asset or liability being measured and then considers the assumptions that market participants would use when pricing the asset or liability. Whenever possible, the Company first looks for quoted prices for identical assets or liabilities in active markets (level 1 inputs) to value each asset or liability. However, when inputs from identical assets or liabilities on active markets are not available, the Company utilizes market observable data for similar assets and liabilities. The Company maximizes the use of observable inputs and limits the use of unobservable inputs to occasions when observable inputs are not available. The need to use unobservable inputs generally results from the lack of market liquidity of the actual financial instrument or of the underlying collateral. Although, in some instances, third party price indications may be available, limited trading activity can challenge the observability of these quotations.

Changes in the valuation inputs used for measuring the fair value of financial instruments may occur due to changes in current market conditions or other factors. Such changes may necessitate a transfer of the financial instruments to another level in the hierarchy based on the new inputs used. The Company recognizes these transfers at the end of the reporting period that the transfer occurs. During the six months ended June 30, 2013 and 2012, there were no transfers of financial instruments between the hierarchy levels.

The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of each instrument under the valuation hierarchy:

Fair Value of Financial Instruments Measured on a Recurring Basis

Investment securities available-for-sale—Investment securities available-for-sale are carried at fair value on a recurring basis. To the extent possible, observable quoted prices in an active market are used to determine fair value and, as such, these securities are classified as level 1. At December 31, 2012 the Company classified its U.S. Treasury securities as level 1 in the fair value hierarchy. At June 30, 2013 the Company did not hold U.S. Treasury securities. When quoted market prices in active markets for identical assets or liabilities are not available, quoted prices of securities with similar characteristics, discounted cash flows or other pricing characteristics are used to estimate fair values and the securities are then classified as level 2. At June 30, 2013 and December 31, 2012, the Company’s level 2 securities included asset backed securities, mortgage-backed securities comprised of residential mortgage pass-through securities, and other residential mortgage-backed securities. All other investment securities are classified as level 3. There were no transfers between levels 1, 2 or 3 during the six months ended June 30, 2013 or 2012.

Warrant liability—The Company measures the fair value of the warrant liability on a recurring basis using a Black-Scholes option pricing model. The Company’s shares became publicly traded on September 20, 2012 and prior to that, had limited private trading; therefore, expected volatility was estimated based on the median historical volatility, for a period commensurate

33

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

with the expected term of the warrants, of 9 comparable companies with publicly traded shares, and is deemed a significant unobservable input to the valuation model.

Clawback liability—The Company periodically measures the net present value of expected future cash payments to be made by the Company to the FDIC that must be made within 45 days of the conclusion of the loss sharing. The expected cash flows are calculated in accordance with the loss sharing agreements and are based primarily on the expected losses on the covered assets, which involve significant inputs that are not market observable.

The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 on the consolidated statements of financial condition utilizing the hierarchy structure described above (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
Asset backed securities	$	—	$	43,578	$	—	$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		560,135		—		560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		1,442,404		—		1,442,404
Other securities	—		—		419		419
Total assets at fair value	$	—	$	2,046,117	$	419	$	2,046,536
Liabilities:
Warrant liability	$	—	$	—	$	5,158	$	5,158
Clawback liability	—		—		31,245		31,245
Total liabilities at fair value	$	—	$	—	$	36,403	$	36,403

34

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

	December 31, 2012
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
U.S. Treasury securities	$	300	$	—	$	—	$	300
Asset backed securities	—		90,003		—		90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		678,017		—		678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		949,289		—		949,289
Other securities	—		—		419		419
Total assets at fair value	$	300	$	1,717,309	$	419	$	1,718,028
Liabilities:
Warrant liability	$	—	$	—	$	5,461	$	5,461
Clawback liability	—		—		31,271		31,271
Total liabilities at fair value	$	—	$	—	$	36,732	$	36,732

The table below details the changes in Level 3 financial instruments during the six months ended June 30, 2013 (in thousands):

	Warrant liability			Clawback liability
Balance at December 31, 2012	$	5,461		$	31,271
Change in value	(303		)	(649		)
Accretion	—			623
Settlement	—			—
Net change in Level 3	(303		)	(26		)
Balance at June 30, 2013	$	5,158		$	31,245

Fair Value of Financial Instruments Measured on a Non-recurring Basis

Certain assets may be recorded at fair value on a non-recurring basis as conditions warrant. These non-recurring fair value measurements typically result from the application of lower of cost or fair value accounting or a write-down occurring during the period.

The Company records collateral dependent loans that are considered to be impaired at their estimated fair value. A loan is considered impaired when it is probable that the Company will be unable to collect all contractual amounts due in accordance with the terms of the loan agreement. Collateral dependent impaired loans are measured based on the fair value of the collateral. The Company relies on third-party appraisals and internal assessments in determining the estimated fair values of these loans. The inputs used to determine the fair values of loans are considered level 3 inputs in the fair value hierarchy. During the six months ended June 30, 2013, the Company measured 26 loans not accounted for under ASC 310-30 at fair value on a non-recurring basis. These loans carried specific reserves totaling $0.9 million at June 30, 2013. During the six months ended June 30, 2013, the Company added specific reserves of $0.5 million for ten loans with carrying balances of $7.9 million at June 30, 2013. The Company also eliminated specific reserves of $1.6 million for thirteen loans during the six months ended June 30, 2013, primarily due to paydowns on these loans.

The Company may be required to record loans held-for-sale on a non-recurring basis. The non-recurring fair value adjustments could involve lower of cost or fair value accounting and may include write-downs.

35

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

OREO is recorded at the lower of the loan balance or the fair value of the collateral less estimated selling costs. The estimated fair values of OREO are updated periodically and further write-downs may be taken to reflect a new basis. The Company recognized$7.1 million of OREO impairments in its consolidated statements of financial condition during the six months ended June 30, 2013, of which $5.2 million, or 72.9%, were on OREO that was covered by loss sharing agreements with the FDIC. The fair values of OREO are derived from third party price opinions or appraisals that generally use an income approach or a market value approach. If reasonable comparable appraisals are not available, then the Company may use internally developed models to determine fair values. The inputs used to determine the fair values of OREO are considered level 3 inputs in the fair value hierarchy.

The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2013 (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total		Losses From Fair Value Changes
Other real estate owned	$	—	$	—	$	79,299	$	79,299	$	7,055
Impaired loans	$	—	$	—	$	29,704	$	29,704	$	5,445

The Company did not record any liabilities for which the fair value was made on a non-recurring basis during the six months ended June 30, 2013.

The following table provides information about the valuation techniques and unobservable inputs used in the valuation of financial instruments falling within level 3 of the fair value hierarchy as of June 30, 2013. The table below excludes non-recurring fair value measurements of collateral value used for impairment measures for OREO. These valuations utilize third party appraisal or broker price opinions, and are classified as level 3 due to the significant judgment involved. (dollars in thousands):

	Fair Value at June 30, 2013		Valuation Technique	Unobservable Input	Quantitative Measures
Other securities	$	419	Cash investment in private equity fund	Cash investment
Impaired loans	29,704		Appraised value	Appraised values
				Discount rate	0-25%
Clawback liability	31,245		Contractually defined discounted cash flows	Intrinsic loss estimates	$323.3 million - $405 million
				Expected credit losses	—
				Asset purchase premium	$98 million-$182.7 million
				Discount rate	4%
				Discount period	28-40 months
Warrant liability	5,158		Black-Scholes	Volatility	15%-48%

Note 15 Fair Value of Financial Instruments

The fair value of a financial instrument is the amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is determined based upon quoted market prices to the extent possible; however, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques that may be significantly impacted by the assumptions used, including the discount rate and estimates of future cash flows. Changes in any of these

36

NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

assumptions could significantly affect the fair value estimates. The fair value of the financial instruments listed below does not reflect a premium or discount that could result from offering all of the Company’s holdings of financial instruments at one time, nor does it reflect the underlying value of the Company, as ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. In connection with the Hillcrest Bank, Bank Midwest, Bank of Choice and Community Banks of Colorado acquisitions, the Company recorded all of the acquired assets and assumed liabilities at fair value at the respective dates of acquisition. The fair value of financial instruments at June 30, 2013 and December 31, 2012, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below (in thousands):

		June 30, 2013				December 31, 2012
	Level in Fair Value Measurement Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
ASSETS:
Cash and cash equivalents	Level 1	$	302,756	$	302,756	$	769,180	$	769,180
Securities purchased under agreements to resell	Level 2	100,000		100,004		—		—
U.S. Treasury securities available-for-sale	Level 1	—		—		300		300
Asset backed securities available-for-sale	Level 2	43,578		43,578		90,003		90,003
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	560,135		560,135		678,017		678,017
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	1,442,404		1,442,404		949,289		949,289
Other securities	Level 3	419		419		419		419
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	509,690		506,162		577,486		584,551
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	82,971		80,668		—		—
Capital stock of FHLB	Level 2	6,755		6,755		7,976		7,976
Capital stock of FRB	Level 2	25,020		25,020		25,020		25,020
Loans receivable, net	Level 3	1,711,440		1,717,300		1,817,322		1,829,987
Loans held-for-sale	Level 2	6,288		6,288		5,368		5,368
Accrued interest receivable	Level 2	11,596		11,596		12,673		12,673
LIABILITIES:
Deposit transaction accounts	Level 2	2,390,761		2,390,761		2,448,001		2,448,001
Time deposits	Level 2	1,596,966		1,601,250		1,752,718		1,759,886
Securities sold under agreements to repurchase	Level 2	122,879		122,795		53,685		53,686
Due to FDIC	Level 3	31,245		31,245		31,271		31,271
Warrant liability	Level 3	5,158		5,158		5,461		5,461
Accrued interest payable	Level 2	3,718		3,718		4,239		4,239

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NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 2013

Cash and cash equivalents

Cash and cash equivalents have a short-term nature and the estimated fair value is equal to the carrying value.

Securities purchased under agreements to resell

The fair value of securities purchased under agreements to resell is estimated by discounting contractual maturities utilizing current market rates for similar instruments.

Investment securities

The estimated fair value of investment securities is based on quoted market prices or bid quotations received from securities dealers. Other investment securities, including securities that are held for regulatory purposes are carried at cost, less any other than temporary impairment.

Loans receivable

The estimated fair value of the loan portfolio is estimated using a discounted cash flow analysis using a discount rate based on interest rates offered at the respective measurement dates for loans with similar terms to borrowers of similar credit quality. The allowance for loan losses is considered a reasonable estimate of any required adjustment to fair value to reflect the impact of credit risk. The estimates of fair value do not incorporate the exit-price concept prescribed by ASC Topic 820 Fair Value Measurements and Disclosures.

Loans held-for-sale

Loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. The portfolio consists primarily of fixed rate residential mortgage loans that are sold within 45 days. The estimated fair value is based on quoted market prices for similar loans in the secondary market and are classified as level 2.

Accrued interest receivable

Accrued interest receivable has a short-term nature and the estimated fair value is equal to the carrying value.

Deposits

The estimated fair value of deposits with no stated maturity, such as non-interest bearing demand deposits, savings, NOW accounts, and money market accounts, is equal to the amount payable on demand. The fair value of interest-bearing time deposits is based on the discounted value of contractual cash flows of such deposits, taking into account the option for early withdrawal. The discount rate is estimated using the rates offered by the Company, at the respective measurement dates, for deposits of similar remaining maturities.

Securities sold under agreements to repurchase

The vast majority of the Company’s repurchase agreements are overnight transactions that mature the day after the transaction, and as a result of this short-term nature, the estimated fair value is equal to the carrying value.

Due to FDIC

The amount due to FDIC is specified in the purchase agreements and, as it relates to the clawback liability, is discounted to reflect the uncertainty in the timing and payment of the amount due by the Company.

Warrant liability

The warrant liability is estimated using a Black-Scholes model, the assumptions of which are detailed in note 19 of our audited consolidated financial statements.

Accrued interest payable

Accrued interest payable has a short-term nature and the estimated fair value is equal to the carrying value.

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Item 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following management discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited consolidated financial statements and related notes for the three and six months ended June 30, 2013 and 2012, and with our annual report on Form 10-K (file number 001-35654), which includes our audited consolidated financial statements and related notes as of and for the years ended December 31, 2012, 2011, and 2010. Additional information, such as statements of assets acquired and liabilities assumed for each of our acquisitions and other financial and statistical data is also available in our prospectus included in Form S-1 filed with the Securities and Exchange Commission on September 19, 2012 (file number 333-177971). This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions that may cause actual results to differ materially from management's expectations. Factors that could cause such differences are discussed in the section entitled “Cautionary Note Regarding Forward-Looking Statements” located elsewhere in this quarterly report and in Item 1A“Risk Factors” in the annual report on Form 10-K, referenced above, and should be read herewith.

Readers are cautioned that meaningful comparability of current period financial information to prior periods may be limited. Prior to the completion of the Hillcrest Bank acquisition on October 22, 2010, we had no banking operations and our activities were limited to corporate organization matters and due diligence. Following our Hillcrest Bank acquisition, we completed three additional acquisitions: Bank Midwest on December 10, 2010, Bank of Choice on July 22, 2011 and Community Banks of Colorado on October 21, 2011. As a result, our operating results are limited to the periods since these acquisitions, and the comparability of periods is compromised due to the timing of these acquisitions. Additionally, the comparability of data related to our acquisitions prior to the respective dates of acquisition is limited because, in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations, the assets acquired and liabilities assumed were recorded at fair value at their respective dates of acquisition and do not have a significant resemblance to the assets and liabilities of thepredecessor banking franchises. The comparability of pre-acquisition data is compromised not only by the fair value accounting applied, but also by the FDIC loss sharing agreements in place that cover a portion of losses incurred on certain assets acquired in the Hillcrest Bank and the Community Banks of Colorado acquisitions. In the Bank Midwest acquisition, only specific, performing loans were chosen for acquisition. Additionally, we acquired the assets of Bank of Choice at a substantial discount from the FDIC. We received a considerable amount of cash during the settlement of these acquisitions, we paid off certain borrowings, and we contributed significant capital to each banking franchise we acquired. All of these actions materially changed the balance sheet composition, liquidity, and capital structure of the acquired banking franchises.

In May 2012, we changed the name of Bank Midwest, N.A. to NBH Bank, N.A. (“NBH Bank” or the “Bank”) and all references to NBH Bank, N.A. should be considered synonymous with references to Bank Midwest, N.A. prior to the name change.

Overview

National Bank Holdings Corporation is a bank holding company that was incorporated in the State of Delaware in June 2009. In October 2009, we raised net proceeds of approximately $974 million through a private offering of our common stock. We completed the initial public offering of our common stock in September 2012. We are executing a strategy to create long-term stockholder value through the acquisition and operation of community banking franchises and other complementary businesses in our targeted markets. We believe these markets exhibit attractive demographic attributes, are home to a substantial number of financial institutions, including troubled financial institutions, and present favorable competitive dynamics, thereby offering long-term opportunities for growth. Our emphasis is on creating meaningful market share with strong revenues complemented by operational efficiencies that we believe will produce attractive risk-adjusted returns.

We believe we have a disciplined approach to acquisitions, both in terms of the selection of targets and the structuring of transactions, which has been exhibited by our four acquisitions to date. As of June 30, 2013, we had $5.2 billion in assets, $4.0 billion in deposits and $1.0 billion in equity. We currently operate a network of 101 full-service banking centers, with the majority of those banking centers located in the greater Kansas City region and Colorado. We believe that our established presence positions us well for growth opportunities in our current and complementary markets.

Our strategic plan is to be a leading regional bank holding company through selective acquisitions of financial institutions, including troubled financial institutions, that have stable core franchises and significant local market share, as well as other complementary businesses, while structuring transactions to limit risk. We plan to achieve this through the growth of our existing banking franchise and through conservatively structured unassisted transactions and through the acquisition of banking franchises from the FDIC. We seek acquisitions that offer opportunities for clear financial benefits through add-on transactions, long-term organic growth opportunities and expense reductions. Additionally, our acquisition strategy is to identify markets that are relatively unconsolidated, establish a meaningful presence within those markets, and take advantage of operational efficiencies and enhanced market position. Our focus is on building strong banking relationships with small to mid-sized

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businesses and consumers, while maintaining a low risk profile designed to generate reliable income streams and attractivereturns. Through our acquisitions, we have established a solid core banking franchise with operations in the greater Kansas City region and in Colorado, with a sizable presence for deposit gathering and client relationship building necessary for growth.

Operating Highlights and Key Challenges

Our operations resulted in the following highlights as of and for the six months ended June 30, 2013:

Low-risk balance sheet

• As of June 30, 2013, 58.7%, or $1.0 billion, of our total loans (by dollar amount) were acquired loans and all of those loans were recorded at their estimated fair value at the time of acquisition.

• As of June 30, 2013, 26.3%, or $453.8 million, of our total loans (by dollar amount) were covered by loss sharing agreements with the FDIC.

• As of June 30, 2013, 57.4%, or $45.5 million, of our total other real estate owned (by dollar amount) was covered by loss sharing agreements with the FDIC.

Loan portfolio

• As of June 30, 2013, we have $1.2 billion of loans outstanding that are associated with a “strategic” client relationship - an 18.8% annualized growth for the six months ended June 30, 2013.

• Organic loan originations totaled $278.1 million for the six months ended June 30, 2013, representing a 66.9% increase from the same period of 2012.

• A $109.4 million decrease in total loans was led by a $214.3 million decrease in our non-strategic loans during the six months ended June 30, 2013 as we successfully worked out non-strategic loans acquired in our FDIC-assisted transactions.

• 35.8% of the loan portfolio is accounted for under ASC 310-30 (loan pools).

Credit quality

• Strategic loans

◦ Loans associated with our strategic client relationships had strong credit quality with only 0.80% in non-performing loans as of June 30, 2013.

• Non 310-30 loans

◦ Credit quality of the non 310-30 loan portfolio continued to improve with non-performing non 310-30 loans to total non 310-30 loans improving to 2.63% at June 30, 2013 from 4.04% at December 31, 2012.

◦ Net charge-offs on non 310-30 loans were 0.56% annualized.

• 310-30 loans

◦ Accretable yield for the acquired loans accounted for under ASC 310-30 increased $35.0 million during the six months ended June 30, 2013. This was partially offset by $1.3 million in impairments during the same period.

◦ One commercial and industrial loan pool accounted for under ASC 310-30, totaling $18.7 million and covered by a loss-sharing agreement, was put on non-accrual status during the six months ended June 30, 2013. While the collectability of the carrying value of this loan pool is still considered probable, management determined that the cash flows and the timing of those cash flows were no longer estimable. As a result, this pool is now considered a non-performing asset.

Client deposit funded balance sheet

• As of June 30, 2013, total deposits and client repurchase agreements made up 98.4% of our total liabilities.

• Transaction accounts increased to 60.0% of total deposits as of June 30, 2013 from 58.3% at December 31, 2012.

• Average transaction account deposit balances grew 5.1% annualized.

• As of June 30, 2013, we did not have any brokered deposits.

Yields, returns and revenue stream

• Our average annual yield on our loan portfolio was 8.05% for the six months ended June 30, 2013.

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• Cost of deposits improved 31 basis points to 0.43% for the six months ended June 30, 2013 from 0.74% for the six months ended June 30, 2012 due to the continued emphasis on our commercial and consumer relationship banking strategy and lower cost transaction accounts.

• Net interest margin was 3.82% during the six months ended June 30, 2013, driven by the attractive yields on loansaccounted for under ASC 310-30 loan pools and lower cost of deposits.

• Expenses before problem loan/OREO workout expenses declined $2.1 million during the six months ended June 30, 2013 compared to the same period in 2012, adjusting for IPO expenses incurred in 2012.

• Problem loan/OREO workout expenses totaled $10.4 million for the six months ended June 30, 2013, decreasing $2.7 million from the same period in 2012.

Strong capital position

• As of June 30, 2013, our consolidated tier 1 leverage ratio was 18.7% and our consolidated tier 1 risk-based capital ratio was 50.1%.

• As of June 30, 2013 we had approximately $400 million of capital available to deploy while maintaining a 10% leverage ratio, and we had approximately $475 million of available capital to deploy at an 8% leverage ratio.

• The after-tax accretable yield on ASC 310-30 loans plus the after-tax yield on the FDIC Indemnification asset, net, in excess of 4.5%, an approximate yield on new loan originations, and discounted at 5%, adds $0.68 per share to our tangible book value per share as of June 30, 2013.

• Tangible book value per share was $18.68 before consideration of the excess accretable yield value of $0.68 per share.

• Repurchased 950,474 shares at a weighted average price of $18.21 per share.

Key Challenges

There are a number of significant challenges confronting us and our industry. Economic conditions remain guarded and increasing bank regulation is adding costs and uncertainty to all U.S. banks. We face a variety of challenges in implementing our business strategy, including being a new entity, hiring talented people, the challenges of acquiring distressed franchises and rebuilding them, deploying our remaining capital on quality targets, low interest rates and low demand from borrowers and intense competition for loans.

Continued uncertainty about the economic outlook has strained the advancement of an economic recovery, both nationally and in our core markets. Residential real estate values have largely recovered from their lows, and we continue to consider this with guarded optimism. Commercial real estate values have been recovering slightly slower than residential real estate, and it is difficult to determine how strong this recovery is and how long it will last. Any deterioration in credit quality or elevated levels of non-performing assets, would ultimately have a negative impact on the quality of our loan portfolio.

The decrease of our total loan balances during the first six months of 2013 was the result of active resolution of problem and non-strategic loans acquired in our FDIC-assisted transactions outpacing organic loan growth. Additionally, the historically low interest rate environment and loan competition have been limiting the yields we are able to obtain on interest earning assets, including both new assets acquired as we grow and assets that replace existing, higher yielding assets as they are paid down or mature. For example, our acquired loans generally have produced higher yields than our originated loans due to the recognition of accretion of fair value adjustments and accretable yield. As a result, we expect the yields on our loans to decline as our acquired loan portfolio pays down or matures and we expect downward pressure on our interest income to the extent that the runoff on our acquired loan portfolio is not replaced with comparable high-yielding loans.

Increased regulation, such as the rules and regulations promulgated under the Dodd-Frank Act or potential higher required capital ratios, could reduce our competitiveness as compared to other banks or lead to industry-wide decreases in profitability. While certain external factors are out of our control and may provide obstacles during the implementation of our business strategy, we believe we are prepared to deal with these challenges. We seek to remain flexible, yet methodical, in our strategic decision making so that we can quickly respond to market changes and the inherent challenges and opportunities that accompany such changes.

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Performance Overview

As a financial institution, we routinely evaluate and review our consolidated statements of financial condition and results of operations. We evaluate the levels, trends and mix of the statements of financial condition and statements of operations line items and compare those levels to our budgeted expectations, our peers, industry averages and trends. Within our statements of financial condition, we specifically evaluate and manage the following:

Loan balances - We monitor our loan portfolio to evaluate loan originations, payoffs, and profitability. We forecast loan originations and payoffs within the overall loan portfolio, and we work to resolve problem loans and OREO in an expeditious manner. We track the runoff of our covered assets as well as the loan relationships that we have identified as “non-strategic” and put particular emphasis on the buildup of “strategic” relationships.

Asset quality - We monitor the asset quality of our loans and OREO through a variety of metrics, and we work to resolve problem assets in an efficient manner. Specifically, we monitor the resolution of problem loans through payoffs, pay downs and foreclosure activity. We marked all of our acquired assets to fair value at the date of their respective acquisitions, taking into account our estimation of credit quality.

Many of the loans that we acquired in the Hillcrest Bank, Bank of Choice and Community Banks of Colorado acquisitions had deteriorated credit quality at the respective dates of acquisition. These loans are accounted for under ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. This guidance is described more fully below under “-Application of Critical Accounting Policies” and in note 2 in our consolidated financial statements in our 2012 Annual Report on Form 10-K.

Our evaluation of traditional credit quality metrics and the allowance for loan losses (“ALL”) levels, especially when compared to industry averages or to other financial institutions, takes into account that any credit quality deterioration that existed at the date of acquisition was considered in the original valuation of those assets on our balance sheet. Additionally, many of these assets are covered by loss sharing agreements. All of these factors limit the comparability of our credit quality and ALL levels to peers or other financial institutions.

Deposit balances - We monitor our deposit levels by type, market and rate. Our loans are funded through our deposit base, and we seek to optimize our deposit mix in order to provide reliable, low-cost funding sources.

Liquidity - We monitor liquidity based on policy limits and through projections of sources and uses of cash. In order to test the adequacy of our liquidity, we routinely perform various liquidity stress test scenarios that incorporate wholesale funding maturities, if any, certain deposit run-off rates and committed line of credit draws. We manage our liquidity primarily through our balance sheet mix, including our cash and our investment security portfolio, and the interest rates that we offer on our loan and deposit products, coupled with contingency funding plans as necessary.

Capital - We monitor our capital levels, including evaluating the effects of potential acquisitions, to ensure continued compliance with regulatory requirements and with the OCC Operating Agreement and FDIC Order that we entered into with our regulators in connection with our Bank Midwest acquisition, which is described under “Supervision and Regulation” in our 2012 Annual Report on Form 10-K. We review our tier 1 leverage capital ratios, our tier 1 risk-based capital ratios and our total risk-based capital ratios on a quarterly basis.

Within our consolidated results of operations, we specifically evaluate the following:

Net interest income - Net interest income represents the amount by which interest income on interest earning assets exceeds interest expense incurred on interest bearing liabilities. We generate interest income through interest and dividends on investment securities, interest bearing bank deposits and loans. Our acquired loans have generally produced higher yields than our originated loans due to the recognition of accretion of fair value adjustments and accretable yield and, as a result, we expect downward pressure on our interest income to the extent that the runoff of our acquired loan portfolio is not replaced with comparable high-yielding loans. We incur interest expense on our interest bearing deposits and repurchase agreements and would also incur interest expense on any future borrowings, including any debt assumed in acquisitions. We strive to maximize our interest income by acquiring and originating loans and investing excess cash in investment securities. Furthermore, we seek to minimize our interest expense through low-cost funding sources, thereby maximizing our net interest income.

Provision for loan losses - The provision for loan losses includes the amount of expense that is required to maintain the ALL at an adequate level to absorb probable losses inherent in the loan portfolio at the balance sheet date. Additionally, we incur a provision for loan losses on loans accounted for under ASC 310-30 as a result of a decrease in the net present value of the expected future cash flows during the periodic remeasurement of the cash flows associated with these pools of loans. The determination of the amount of the provision for loan losses and the related ALL is complex and involves a high degree of judgment and subjectivity to maintain a level of ALL that is considered by management to be appropriate under GAAP.

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Non-interest income - Non-interest income consists primarily of service charges, bank card fees, gains on sales of investment securities, and other non-interest income. Also included in non-interest income is FDIC indemnification asset accretion and other FDIC loss sharing income, which consists of reimbursement of costs related to the resolution of covered assets, and amortization of our clawback liability. For additional information, see “-Application of Critical Accounting Policies-Acquisition Accounting Application and the Valuation of Assets Acquired and Liabilities Assumed” in our 2012 Annual Report on Form 10-K and note 2 in our audited consolidated financial statements. Due to fluctuations in the accretion rates on the FDIC indemnification asset and the amortization of clawback liability and due to varying levels of expenses related to the resolution of covered assets, the FDIC loss sharing income is not consistent on a period-to-period basis and, absent additional acquisitions with FDIC loss sharing agreements, is expected to decline over time as covered assets are resolved.

Non-interest expense - The primary components of our non-interest expense are salaries and employee benefits, occupancy and equipment, professional fees and data processing and telecommunications. Any expenses related to the resolution of covered assets are also included in non-interest expense. These expenses are dependent on individual resolution circumstances and, as a result, are not consistent from period to period. We seek to manage our non-interest expense in order to maximize efficiencies.

Net income - We utilize traditional industry return ratios such as return on average assets, return on average equity and return on risk-weighted assets to measure and assess our returns in relation to our balance sheet profile.

In evaluating the financial statement line items described above, we evaluate and manage our performance based on key earnings indicators, balance sheet ratios, asset quality metrics and regulatory capital ratios, among others. The table below presents some of the primary performance indicators that we use to analyze our business on a regular basis for the periods indicated:

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	As of and for the three months ended						As of and for the six months ended
	June 30, 2013		December 31, 2012		June 30, 2012		June 30, 2013		June 30, 2012
Key Ratios(1)
Return on average assets	0.22	%	0.22	%	0.18	%	0.19	%	0.14	%
Return on average tangible assets (2)	0.29	%	0.28	%	0.25	%	0.26	%	0.20	%
Return on average equity	1.08	%	1.10	%	0.99	%	0.93	%	0.80	%
Return on average tangible common equity (2)	1.50	%	1.51	%	1.42	%	1.34	%	1.20	%
Return on risk weighted assets	0.61	%	0.64	%	0.55	%	0.53	%	0.44	%
Interest-earning assets to interest-bearing liabilities (end of period) (3)	137.95	%	134.44	%	130.30	%	137.95	%	130.30	%
Loans to deposits ratio (end of period)	43.37	%	43.76	%	43.80	%	43.37	%	43.80	%
Average equity to average assets	20.72	%	20.09	%	18.52	%	20.63	%	18.10	%
Non-interest bearing deposits to total deposits (end of period)	16.75	%	16.14	%	14.00	%	16.75	%	14.00	%
Net interest margin (4)	3.77	%	4.09	%	4.00	%	3.82	%	3.96	%
Interest rate spread (5)	3.64	%	3.94	%	3.83	%	3.69	%	3.78	%
Yield on earning assets (3)	4.13	%	4.51	%	4.61	%	4.20	%	4.62	%
Cost of interest bearing liabilities (3)	0.49	%	0.57	%	0.78	%	0.51	%	0.84	%
Cost of deposits	0.42	%	0.48	%	0.69	%	0.43	%	0.74	%
Non-interest expense to average assets	3.49	%	3.77	%	3.09	%	3.58	%	3.27	%
Efficiency ratio (6)	85.05	%	85.43	%	70.96	%	86.69	%	76.19	%
Dividend payout ratio	83.33	%	83.33	%	0.00	%	100.00	%	0.00	%
Asset Quality Data(7) (8) (9)
Non-performing loans to total loans	2.77	%	2.23	%	2.51	%	2.77	%	2.51	%
Covered non-performing loans to total non-performing loans	59.65	%	27.14	%	15.59	%	59.65	%	15.59	%
Non-performing assets to total assets	2.46	%	2.53	%	3.26	%	2.46	%	3.26	%
Covered non-performing assets to total non-performing assets	58.12	%	41.70	%	45.41	%	58.12	%	45.41	%
Allowance for loan losses to total loans	0.69	%	0.84	%	0.87	%	0.69	%	0.87	%
Allowance for loan losses to total non-covered loans	0.93	%	1.26	%	1.42	%	0.93	%	1.42	%
Allowance for loan losses to non-performing loans	24.81	%	37.64	%	34.69	%	24.81	%	34.69	%
Net charge-offs to average loans	0.63	%	1.00	%	1.45	%	0.76	%	1.36	%

(1) Ratios are annualized.

(2) Ratio represents non-GAAP financial measure.

(3) Interest earning assets include assets that earn interest/accretion or dividends, except for the FDIC indemnification asset that may earn accretion but is not part of interest earning assets. Any market value adjustments on investment securities are excluded from interest-earning assets. Interest bearing liabilities include liabilities that must be paid interest.

(4) Net interest margin represents net interest income, including accretion income on interest earning assets, as a percentage of average interest earning assets.

(5) Interest rate spread represents the difference between the weighted average yield on interest earning assets and the weighted average cost of interest bearing liabilities.

(6) The efficiency ratio represents non-interest expense, less intangible asset amortization, as a percentage of net interest income plus non-interest income.

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(7) Non-performing loans consist of non-accruing loans, loans 90 days or more past due and still accruing interest and restructured loans, but exclude any loans accounted for under ASC 310-30 in which the pool is still performing. These ratios may, therefore, not be comparable to similar ratios of our peers.

(8) Non-performing assets include non-performing loans, other real estate owned and other repossessed assets.

(9) Total loans are net of unearned discounts and fees.

About Non-GAAP Financial Measures

Certain of the financial measures and ratios we present, including “tangible assets,” “return on average tangible assets,” “return on average tangible common equity,” “tangible book value,” “tangible book value per share,” and “tangible common equity,” are supplemental measures that are not required by, or are not presented in accordance with, U.S. generally accepted accounting principles, or “non-GAAP financial measures.” We consider the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision making and useful in evaluating period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain expenditures or assets that we believe are not indicative of our primary business operating results. We believe that management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, analyzing and comparing past, present and future periods.

These non-GAAP financial measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP. The non-GAAP financial measures we present may differ from non-GAAP financial measures used by our peers or other companies. In particular, the items that we exclude in our adjustments are not necessarily consistent with the items that our peers may exclude from their results of operations and key financial measures and therefore may limit the comparability of similarly named financial measures and ratios. We compensate for these limitations by providing the equivalent GAAP measures whenever we present the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance.

A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is as follows (in thousands, except share and per share information).

	As of and for the three months ended
	June 30, 2013			December 31, 2012			June 30, 2012
Total stockholders’ equity	$	1,044,243		$	1,090,559		$	1,096,741
Less: goodwill	(59,630		)	(59,630		)	(59,630		)
Less: intangible assets, net	(24,902		)	(27,575		)	(30,255		)
Tangible common equity	$	959,711		$	1,003,354		$	1,006,856
Total assets	$	5,220,688		$	5,410,775		$	5,789,075
Less: goodwill	(59,630		)	(59,630		)	(59,630		)
Less: intangible assets, net	(24,902		)	(27,575		)	(30,255		)
Tangible assets	$	5,136,156		$	5,323,570		$	5,699,190
Total stockholders’ equity to total assets	20.00		%	20.16		%	18.95		%
Less: impact of goodwill and intangible assets, net	-1.31		%	-1.31		%	-1.28		%
Tangible common equity to tangible assets	18.69		%	18.85		%	17.67		%
Common book value per share calculations:
Total stockholders' equity	$	1,044,243		$	1,090,559		$	1,096,741
Divided by: ending shares outstanding	51,377,198			52,327,672			52,191,239
Common book value per share	$	20.33		$	20.84		$	21.01
Tangible common book value per share calculations:
Tangible common equity	$	959,711		$	1,003,354		$	1,006,856
Divided by: ending shares outstanding	51,377,198			52,327,672			52,191,239
Tangible common book value per share	$	18.68		$	19.17		$	19.29

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	As of and for the three months ended						As of and for the six months ended
	June 30, 2013		December 31, 2012		June 30, 2012		June 30, 2013		June 30, 2012
Return on average assets	0.22	%	0.22	%	0.18	%	0.19	%	0.14	%
Add: impact of goodwill and intangible assets, net	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Add: impact of core deposit intangible expense, after tax	0.07	%	0.06	%	0.07	%	0.07	%	0.06	%
Return on average tangible assets	0.29	%	0.28	%	0.25	%	0.26	%	0.20	%
Return on average equity	1.08	%	1.10	%	0.99	%	0.93	%	0.80	%
Add: impact of goodwill and intangible assets, net	0.09	%	0.09	%	0.10	%	0.07	%	0.07	%
Add: impact of core deposit intangible expense, after tax	0.33	%	0.32	%	0.33	%	0.34	%	0.33	%
Return on average tangible common equity	1.50	%	1.51	%	1.42	%	1.34	%	1.20	%

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Application of Critical Accounting Policies

We use accounting principles and methods that conform to GAAP and general banking practices. We are required to apply significant judgment and make material estimates in the preparation of our financial statements and with regard to various accounting, reporting and disclosure matters. Assumptions and estimates are required to apply these principles where actual measurement is not possible or practical. The most significant of these estimates relate to the fair value determination of assets acquired and liabilities assumed in business combinations and the application of acquisition accounting, the accounting for acquired loans and the related FDIC indemnification asset, the determination of the ALL, and the valuation of stock-based compensation. These critical accounting policies and estimates are summarized in the sections captioned “Application of Critical Accounting Policies” in Management's Discussion and Analysis in our 2012 Annual Report on Form 10-K, and are further analyzed with other significant accounting policies in note 2, “Summary of Significant Accounting Policies” in the notes to our consolidated financial statements for the year ended 2012.

During the six months ended June 30, 2013, we began entering into agreements with certain financial institutions whereby we purchase securities under agreements to resell as of a specified future date at a specified price plus accrued interest. The securities purchased under agreements to resell are carried at the contractual amounts at which the securities will subsequently be resold, including accrued interest. The securities are pledged as collateral by the counterparties and are held by a third party custodian. The collateral is valued daily and additional collateral may be obtained or refunded as necessary to maintain full collateralization of these transactions.

There have been no other significant changes to the application of critical accounting policies since December 31, 2012.

Financial Condition

Total assets at June 30, 2013 were $5.2 billion compared to $5.4 billion at December 31, 2012, a decrease of $0.2 billion. The decrease in total assets was largely driven by a decrease in non-strategic loan balances of $214.3 million, which was a reflection of our workout progress on troubled loans (many of which were covered) that we acquired with our various acquisitions. We also originated $278.1 million of loans during the six months ended June 30, 2013, which offset normal client payments and grew the loan balances in our strategic portfolio at an annualized rate of 18.8%. We coupled the total loan balance decrease of $109.4 million with a $213.0 million decrease in total deposits, as we sought to retain only those depositors who were interested in time deposits at market rate and developing a banking relationship and continued our focus on migrating toward a client-based deposit mix with higher concentrations of lower cost demand, savings and money market (“transaction”) deposits. We also utilized available cash and purchased $821.8 million of investment securities during the six months ended June 30, 2013. Our FDIC indemnification asset decreased $27.0 million during the six months ended June 30, 2013 as a result of $21.0 million of payments from and claims submitted to the FDIC for reimbursement on continued workout progress on our covered loans and OREO, coupled with an increase in actual and expected cash flows on our covered assets. These increases in cash flows also contributed to a net reclassification of $35.0 million of non-accretable difference to accretable yield during the period, which is being accreted to income over the remaining life of the loans.

Investment Securities

Available-for-sale

Total investment securities available-for-sale were $2.0 billion at June 30, 2013, compared to $1.7 billion at December 31, 2012, an increase of $0.3 billion, or 19.1%. During the six months ended June 30, 2013, we purchased $694.0 million of available-for-sale mortgage backed securities, which was partially offset by $315.0 million of maturities and paydowns. Our available-for-sale investment securities portfolio is summarized as follows for the periods indicated (in thousands):

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	June 30, 2013								December 31, 2012
	Amortized Cost		Fair Value		Percent of Portfolio		Weighted Average Yield		Amortized Cost		Fair Value		Percent of Portfolio		Weighted Average Yield
U.S. Treasury securities	$	—	$	—	0.00	%	0.00	%	$	300	$	300	0.02	%	0.13	%
Asset backed securities	43,568		43,578		2.13	%	0.61	%	89,881		90,003		5.24	%	0.61	%
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	553,871		560,135		27.37	%	2.02	%	658,169		678,017		39.46	%	2.03	%
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,456,908		1,442,404		70.48	%	1.75	%	931,979		949,289		55.26	%	2.13	%
Other securities	419		419		0.02	%	0.00	%	419		419		0.02	%	0.00	%
Total investment securities available-for-sale	$	2,054,766	$	2,046,536	100	%	1.80	%	$	1,680,748	$	1,718,028	100.00	%	2.01	%

As of June 30, 2013, approximately 97.9% of the available-for-sale investment portfolio was backed by mortgages. The residential mortgage pass-through securities portfolio is comprised of both fixed rate and adjustable rate Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Government National Mortgage Association (“GNMA”) securities. The other mortgage-backed securities are comprised of securities backed by FHLMC, FNMA and GNMA securities.

At June 30, 2013, adjustable rate securities comprised 7.9% of the available-for-sale MBS portfolio and the remainder of the portfolio was comprised of fixed rate securities with 10 to 30 year maturities, with a weighted average coupon of 2.3% per annum.

The available-for-sale investment portfolio included $8.2 million of net unrealized losses and $37.3 million of net unrealized gains, at June 30, 2013 and December 31, 2012, respectively, inclusive of $21.1 million of unrealized gains and $321 thousand of unrealized losses, respectively. We do not believe that any of the securities with unrealized losses were other-than-temporarily-impaired.

The table below summarizes the contractual maturities of our available-for-sale investment portfolio as of June 30, 2013 (in thousands):

	Due in one year or less				Due after one year through five years				Due after five years through ten years				Due after ten years				Other securities				Total
	Carrying Value		Weighted Average Yield		Carrying Value		Weighted Average Yield		Carrying Value		Weighted Average Yield		Carrying Value		Weighted Average Yield		Carrying Value		Weighted Average Yield		Carrying Value		Weighted Average Yield
Asset backed securities	$	—	0.00	%	$	43,578	0.61	%	$	—	0.00	%	$	—	0.00	%	$	—	0.00	%	$	43,578	0.61	%
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		0.00	%	8		1.84	%	207,424		1.13	%	352,703		2.56	%	—		0.00	%	560,135		2.02	%
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		0.00	%	—		0.00	%	12,465		2.13	%	1,429,939		1.75	%	—		0.00	%	1,442,404		1.75	%
Other securities	—		0.00	%	—		0.00	%	—		0.00	%	—		0.00	%	419		0.00	%	419		0.00	%
Total investment securities available-for-sale	$	—	0.00	%	$	43,586	0.61	%	$	219,889	1.19	%	$	1,782,642	1.91	%	$	419	0.00	%	$	2,046,536	1.80	%

The estimated weighted average life of the available-for-sale MBS portfolio as of June 30, 2013 and December 31, 2012 was 3.8 years and 3.4 years, respectively, the extension of which was largely due to slower expected prepayment speeds in response to the higher interest rate environment at June 30, 2013 compared to December 31, 2012. This estimate is based on various assumptions, including repayment characteristics, and actual results may differ. As of June 30, 2013, the duration of the total available-for-sale investment portfolio was 3.5 years and the asset-backed securities portfolio within the available-for-sale investment portfolio had a duration of 0.3 year.

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Held-to-maturity

At June 30, 2013, we held $592.7 million of held-to-maturity investment securities, compared to $577.5 million at December 31, 2012, an increase of $15.2 million or 2.6%. During the six months ended June 30, 2013 we purchased $127.8 million held-to-maturity securities. Held-to-maturity investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Fair Value		Percent of Portfolio		Weighted Average Yield
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	509,690	$	506,162	86.25	%	3.25	%
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	82,971		80,668		13.75	%	1.46	%
Total investment securities held-to-maturity	$	592,661	$	586,830	100.00	%	3.23	%

The residential mortgage pass-through and other residential MBS held-to-maturity investment portfolios are comprised of fixed rate FNMA and GNMA securities.

At June 30, 2013 and December 31, 2012, the fair value of the held-to-maturity investment portfolio was $586.8 million and $584.6 million, inclusive of $5.8 million of unrealized losses and $7.1 million of unrealized gains, respectively. The table below summarizes the contractual maturities, as of the last scheduled repayment date, of our held-to-maturity investment portfolio as of June 30, 2013 (in thousands):

	Amortized Cost		Weighted Average Yield
Due in one year or less	$	—	0.00	%
Due after one year through five year	—		0.00	%
Due after five years through ten years	—		0.00	%
Due after ten years	592,661		3.23	%
Other securities	—		0.00	%
Total	$	592,661	3.23	%

The estimated weighted average life of the held-to-maturity investment portfolio as of June 30, 2013 and December 31, 2012 was 4.0 years and 3.8 years, respectively. As of June 30, 2013, the duration of the total held-to-maturity investment portfolio was 3.7 years and the duration of the entire investment securities portfolio was 3.5 years.

Non-marketable securities

Non-marketable securities include Federal Reserve Bank stock and FHLB stock. At June 30, 2013 and December 31, 2012, we held $25.0 million of Federal Reserve Bank stock and at June 30, 2013 and December 31, 2012 we also held $6.8 million and $8.0 million of FHLB stock, respectively. We hold these securities in accordance with debt and regulatory requirements. These are restricted securities which lack a market and are therefore carried at cost.

Loans Overview

Our loan portfolio at June 30, 2013 was comprised of loans that were acquired in connection with our four acquisitions to date, in addition to new loans that we have originated. The majority of the loans acquired in the Hillcrest Bank and Community Banks of Colorado transaction are covered by loss sharing agreements with the FDIC.

As discussed in note 2 to our audited consolidated financial statements, in accordance with applicable accounting guidance, all acquired loans are recorded at fair value at the date of acquisition, and an allowance for loan losses is not carried over with the loans but, rather, the fair value of the loans encompasses both credit quality and market considerations. Loans that exhibit signs of credit deterioration at the date of acquisition are accounted for in accordance with the provisions of ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310-30”). Management accounted for all loans acquired in the Hillcrest Bank, Bank of Choice and Community Banks of Colorado acquisitions under ASC 310-30, with the exception of loans with revolving privileges which were outside the scope of ASC 310-30. In our Bank Midwest transaction, we

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did not acquire all of the loans of the former Bank Midwest but, rather, selected certain loans based upon specific criteria of performance, adequacy of collateral, and loan type that were performing at the time of acquisition. As a result, none of the loans acquired in the Bank Midwest transaction are accounted for under ASC 310-30.

Consistent with differences in the accounting, the loan portfolio is presented in two categories: (i) ASC 310-30 loans and (ii) Non ASC 310-30 loans. The portfolio is further stratified based on (i) loans covered by FDIC loss sharing agreements, or “covered loans,” and (ii) loans that are not covered by FDIC loss sharing agreements, or “non-covered loans.” Additionally, inherent in the nature of acquiring troubled banks, only certain of our acquired clients conform to our long-term business model of in-market, relationship-oriented banking clients. We have developed a management tool to evaluate the progress of working out the troubled loans acquired in our FDIC-assisted acquisitions and the progress of organic loan growth, whereby we have designated loans as “strategic” or “non-strategic.” Criteria utilized in the designation of a loan as “strategic” include (a) geography, (b) total relationship with borrower and (c) credit metrics commensurate with our current underwriting standards. At June 30, 2013, strategic loans totaled $1.2 billion and had strong credit quality as represented by a non-performing loans ratio of 0.80%. We believe this presentation of our loan portfolio provides a meaningful basis to understand the underlying drivers of changes in our loan portfolio balances.

Due to the unique structure and accounting treatment in our loan portfolio, we utilize four primary presentations to analyze our loan portfolio, depending on the purpose of the analysis. Those are:

To analyze:	We look at:
Loan growth and production efforts	Strategic balances and loan originations
Workout efforts of our purchased non-strategic portfolio	Non-strategic balances and accretable yield
Risk mitigants of our non-performing loans	FDIC loss-share coverage and fair value marks
Interest income	ASC 310-30 and non 310-30 yields and accretable yield

The table below shows the loan portfolio composition and the breakdown of the portfolio between ASC 310-30 loans, non ASC 310-30 loans, along with the amounts that are covered and non-covered, at June 30, 2013 and December 31, 2012 (dollars in thousands):

	June 30, 2013
	ASC 310-30  Loans		Non ASC 310-30 Loans		Total Loans		% of Total
Commercial	$	73,326	$	203,889	$	277,215	16.1	%
Commercial real estate	409,361		267,655		677,016		39.3	%
Agriculture	42,121		113,428		155,549		9.0	%
Residential real estate	81,779		492,354		574,133		33.3	%
Consumer	10,878		28,496		39,374		2.3	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%
Covered	$	389,484	$	64,321	$	453,805	26.3	%
Non-covered	227,981		1,041,501		1,269,482		73.7	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%

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	December 31, 2012
	ASC 310-30  Loans		Non ASC 310-30 Loans		Total Loans		% of Total
Commercial	$	83,169	$	187,419	$	270,588	14.8	%
Commercial real estate	566,035		238,964		804,999		43.9	%
Agriculture	47,733		125,674		173,407		9.5	%
Residential real estate	106,100		427,277		533,377		29.1	%
Consumer	18,984		31,347		50,331		2.7	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%
Covered	$	527,948	$	80,274	$	608,222	33.2	%
Non-covered	294,073		930,407		1,224,480		66.8	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%

Strategic loans comprised 71.2% of the total loan portfolio at June 30, 2013, compared to 61.2% at December 31, 2012. The table below shows the loan portfolio composition categorized between strategic and non-strategic at the respective dates (dollars in thousands):

	June 30, 2013						December 31, 2012
	Strategic		Non-Strategic		Total		Strategic		Non-Strategic		Total
Commercial	$	192,415	$	84,800	$	277,215	$	163,193	$	107,395	$	270,588
Commercial real estate	318,666		358,350		677,016		278,907		526,092		804,999
Agriculture	144,356		11,193		155,549		160,963		12,444		173,407
Residential real estate	535,690		38,443		574,133		474,769		58,608		533,377
Consumer	35,818		3,556		39,374		44,266		6,065		50,331
Total	$	1,226,945	$	496,342	$	1,723,287	$	1,122,098	$	710,604	$	1,832,702

Total loans decreased $109.4 million from December 31, 2012, ending at $1.7 billion at June 30, 2013. The 6.0% decrease in total loans was primarily driven by a $214.3 million decrease in our non-strategic loan portfolio as our enterprise-level, dedicated special asset resolution team successfully worked out non-strategic loans acquired in our FDIC-assisted transactions, coupled with the repayment of non-strategic loans that do not conform to our business model of in-market, relationship-oriented loans with credit metrics commensurate with our current underwriting standards. Strategic loans increased $104.8 million, or 18.8% annualized, at June 30, 2013 compared to December 31, 2012, driven by strong originations. We successfully increased our balances in our strategic commercial, commercial real estate and residential real estate portfolios as we continued to generate new relationships with individuals and small to mid-sized businesses.

Commercial loans consist of loans made to finance business operations and secured by inventory or other business-related collateral such as accounts receivable or equipment. Commercial real estate loans include loans on 1-4 family construction properties, owner-occupied and non-owner-occupied commercial properties such as office buildings, shopping centers, or free standing commercial properties, multi-family properties and raw land development loans. Agriculture loans include loans on farm equipment and farmland loans. Residential real estate loans include 1-4 family closed and open end loans, in both senior and junior collateral positions. Consumer loans include both secured and unsecured loans.

New loan origination is a direct result of our ability to recruit and retain top banking talent, connect with clients in our markets and provide needed services at competitive rates. New loan originations of $278.1 million were up $111.5 million, or 66.9% from the same period of the prior year as a result of the deployment of bankers and the development of our market presence. The following table represents new loan originations for the last five quarters (in thousands):

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	Second quarter		First quarter		Fourth quarter		Third quarter		Second quarter
	2013		2013		2012		2012		2012
Commercial	$	24,982	$	15,150	$	30,988	$	25,640	$	10,799
Commercial real estate	31,553		36,749		20,993		11,135		6,816
Agriculture	22,901		9,446		28,978		24,328		22,444
Residential real estate	86,161		45,808		52,778		60,320		40,123
Consumer	3,157		2,211		6,025		6,505		4,057
Total	$	168,754	$	109,364	$	139,762	$	127,928	$	84,239

The tables below show the contractual maturities of our loans for the dates indicated (in thousands):

	June 30, 2013
	Due within 1 Year		Due after 1 but within 5 Years		Due after 5 Years		Total
Commercial	$	97,152	$	153,742	$	26,321	$	277,215
Commercial real estate	241,778		295,593		139,645		677,016
Agriculture	41,457		64,625		49,467		155,549
Residential real estate	44,144		65,210		464,779		574,133
Consumer	15,390		15,638		8,346		39,374
Total loans	$	439,921	$	594,808	$	688,558	$	1,723,287
Covered	$	235,043	$	168,825	$	49,937	$	453,805
Non-covered	204,878		425,983		638,621		1,269,482
Total loans	$	439,921	$	594,808	$	688,558	$	1,723,287
	December 31, 2012
	Due within 1 Year		Due after 1 but within 5 Years		Due after 5 Years		Total
Commercial	$	83,093	$	147,356	$	40,139	$	270,588
Commercial real estate	403,179		277,625		124,195		804,999
Agriculture	41,205		77,683		54,519		173,407
Residential real estate	62,712		73,941		396,724		533,377
Consumer	23,842		17,668		8,821		50,331
Total loans	$	614,031	$	594,273	$	624,398	$	1,832,702
Covered	$	350,339	$	198,373	$	59,510	608,222
Non-covered	263,692		395,900		564,888		1,224,480
Total loans	$	614,031	$	594,273	$	624,398	$	1,832,702

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The interest rate sensitivity of loans with maturities over one year is as follows at the dates indicated (in thousands):

	June 30, 2013
	Fixed		Variable		Total
Commercial	$	54,840	$	125,223	$	180,063
Commercial real estate	189,870		245,368		435,238
Agriculture	59,006		55,086		114,092
Residential real estate	304,149		225,840		529,989
Consumer	13,071		10,913		23,984
Total loans with > 1 year maturity	$	620,936	$	662,430	$	1,283,366
Covered	$	65,139	$	153,623	$	218,762
Non-covered	555,797		508,807		1,064,604
Total loans with > 1 year maturity	$	620,936	$	662,430	$	1,283,366
	December 31, 2012
	Fixed		Variable		Total
Commercial	$	51,171	$	136,324	$	187,495
Commercial real estate	161,200		240,620		401,820
Agriculture	60,194		72,008		132,202
Residential real estate	247,321		223,344		470,665
Consumer	15,295		11,194		26,489
Total loans with > 1 year maturity	$	535,181	$	683,490	$	1,218,671
Covered	$	73,925	$	183,958	$	257,883
Non-covered	461,256		499,532		960,788
Total loans with > 1 year maturity	$	535,181	$	683,490	$	1,218,671

Accretable Yield

The fair value adjustments assigned to loans that are accounted for under ASC 310-30 include both accretable yield and a non-accretable difference that are based on expected cash flows from the loans. Accretable yield is the excess of a pool's cash flows expected to be collected over the recorded balance of the related pool of loans. The non-accretable difference represents the expected shortfall in future cash flows from the contractual amount due in respect of each pool of such loans. Similar to the entire fair value adjustment for loans outside the scope of ASC 310-30, the accretable yield is accreted into income over the estimated remaining life of the loans in the applicable pool.

Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013			December 31, 2012
Contractual cash flows	$	1,199,710		$	1,444,279
Non-accretable difference	(453,703		)	(488,673		)
Accretable yield	(128,542		)	(133,585		)
Loans accounted for  under ASC 310-30	$	617,465		$	822,021

Loan pools accounted for under ASC Topic 310-30 are periodically remeasured to determine expected future cash flows. In determining the expected cash flows, we evaluate the credit profile, contractual interest rates, collateral values and expected prepayments of the loan pools. Prepayment assumptions are based on statistical models that take into account factors such as the loan interest rate, credit profile of the borrowers, the years in which the loans were originated, and whether the loans were fixed or variable rate loans. Decreases to the expected future cash flows in the applicable pool generally result in an immediate provision for loan losses charged to the consolidated statements of operations. Conversely, increases in the expected future cash flows in the applicable pool result in a transfer from the non-accretable difference to the accretable yield, and have a positive

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impact on accretion income prospectively. This re-measurement process resulted in the following changes to the accretable yield during the six months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013			June 30, 2012
Accretable yield beginning balance	$	133,585		$	186,494
Reclassification from non-accretable difference	37,725			29,483
Reclassification to non-accretable difference	(2,755		)	(5,651		)
Accretion	(40,013		)	(52,244		)
Accretable yield ending balance	$	128,542		$	158,082

The accretable yield of $128.5 million at June 30, 2013 includes $1.4 million of accretable yield related to the loan pool that was put on non-accrual status during the six months ended June 30, 2013.  This accretable yield is not being accreted to income and the recognition will be deferred until full recovery of the carrying value of this pool is realized.

We re-measure the expected cash flows of all 29 of the accruing loan pools accounted for under ASC 310-30 utilizing the same cash flow methodology used at the time of acquisition. Increases in expected cash flows are reflected as an increase in the accretion rates as well as an increased amount of accretable yield that will be recognized over the expected remaining lives of the underlying loan pools. During the six months ended June 30, 2013 and 2012, we reclassified $35.0 million, and $23.8 million, net, from non-accretable difference to accretable yield, respectively. The re-measurements also resulted in $1.3 million and $13.7 million of net impairment during the same respective periods. The impairments during the six months ended June 30, 2013 were primarily driven by our commercial and residential real estate pools. These impairments are reflected in provision for loan loss in the consolidated statement of operations.

In addition to the accretable yield on loans accounted for under ASC 310-30, the fair value adjustments on loans outside the scope of 310-30 are also accreted to interest income over the life of the loans. At June 30, 2013 and 2012, our total remaining accretable yield and fair value mark was as follows (in thousands):

	June 30, 2013		June 30, 2012
Remaining accretable yield on loans accounted for under ASC 310-30	$	128,542	$	158,082
Remaining accretable fair value mark on loans not accounted for under ASC 310-30	14,011		28,259
Total remaining accretable yield and fair value mark	$	142,553	$	186,341

Loss-Share Coverage

We have two loss sharing agreements with the FDIC for the assets related to the Hillcrest Bank acquisition and a separate loss sharing agreement that covers certain assets related to the Community Banks of Colorado acquisition, whereby the FDIC will reimburse us for a portion of the losses incurred as a result of the resolution and disposition of the covered assets of these banks. The details of these agreements are more fully described in Management's Discussion and Analysis in our 2012 Annual Report on Form 10-K.

The categories, and the respective loss thresholds and coverage amounts related to the Hillcrest Bank loss sharing agreement are as follows (dollars in thousands):

Commercial			Single family
Tranche	Loss Threshold	Loss-Coverage Percentage	Tranche	Loss Threshold	Loss-Coverage Percentage
1	Up to $295,592	60%	1	Up to $4,618	60%
2	$295,593-405,293	0%	2	$4,618-8,191	30%
3	>$405,293	80%	3	>$8,191	80%

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The categories, and the respective loss thresholds and coverage amounts related to the Community Banks of Colorado loss sharing agreement are as follows (dollars in thousands):

Tranche	Loss Threshold	Loss-Coverage Percentage
1	Up to $204,194	80%
2	$204,195-308,020	30%
3	>$308,020	80%

Under the Hillcrest Bank and Community Banks of Colorado loss sharing agreements, the reimbursable losses from the FDIC are based on the book value of the related covered assets as determined by the FDIC at the date of acquisition, and the FDIC's book value does not necessarily correlate with our book value of the same assets. This difference is primarily because we recorded the loans at fair value at the date of acquisition in accordance with applicable accounting guidance.

As of June 30, 2013, we had incurred $205.0 million of losses on our Hillcrest Bank covered assets since the beginning of the loss sharing agreement as measured by the FDIC's book value, substantially all of which was related to the commercial assets. Additionally, as of June 30, 2013, we had incurred approximately $140.2 million of losses related to our Community Banks of Colorado loss sharing agreement. The loss claims filed are subject to review and approval, including extensive audits, by the FDIC or its assigned agents for compliance with the terms in the loss sharing agreements.

Asset Quality

All of the assets acquired in our acquisitions were marked to fair value at the date of acquisition, and the fair value adjustments to loans included a credit quality component. We utilize traditional credit quality metrics to evaluate the overall credit quality of our loan portfolio; however, our credit quality ratios are limited in their comparability to industry averages or to other financial institutions because:

1. Any asset quality deterioration that existed at the date of acquisition was considered in the original fair value adjustments; and

2. 58.1% of our non-performing assets (by dollar amount) at June 30, 2013 were covered by loss sharing agreements with the FDIC.

Asset quality is fundamental to our success. Accordingly, for the origination of loans, we have established a credit policy that allows for responsive, yet controlled lending with credit approval requirements that are scaled to loan size. Within the scope of the credit policy, each prospective loan is reviewed in order to determine the appropriateness and the adequacy of the loan characteristics and the security or collateral prior to making a loan. We have established underwriting standards and loan origination procedures that require appropriate documentation, including financial data and credit reports. For loans secured by real property, we require property appraisals, title insurance or a title opinion, hazard insurance and flood insurance, in each case where appropriate.

Additionally, we have implemented procedures to timely identify loans that may become problematic in order to ensure the most beneficial resolution to the Company. Asset quality is monitored by our credit risk management department and evaluated based on quantitative and subjective factors such as the timeliness of contractual payments received. Additional factors that are considered, particularly with commercial loans over $250,000, include the financial condition and liquidity of individual borrowers and guarantors, if any, and the value of our collateral. To facilitate the oversight of asset quality, loans are categorized based on the number of days past due and on an internal risk rating system, and both are discussed in more detail below.

Our internal risk rating system uses a series of grades which reflect our assessment of the credit quality of covered and non-covered loans based on an analysis of the borrower's financial condition, liquidity and ability to meet contractual debt service requirements. Loans that are perceived to have acceptable risk are categorized as “pass” loans. “Special mention” loans represent loans that have potential credit weaknesses that deserve close attention. Special mention loans include borrowers that have potential weaknesses or unwarranted risks that, unless corrected, may threaten the borrower's ability to meet debt service requirements. However, these borrowers are still believed to have the ability to respond to and resolve the financial issues that threaten their financial situation. Loans classified as “substandard” have a well-defined credit weakness and are inadequately protected by the current paying capacity of the obligor or of the collateral pledged, if any. Although these loans are identified as potential problem loans, they may never become non-performing. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. “Doubtful” loans are loans that management believes that collection of payments in accordance with the terms of the loan agreement are highly questionable and improbable. Doubtful loans that are not covered by loss sharing agreements are deemed impaired and put on non-accrual status.

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In the event of borrower default, we may seek recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying or restructuring a loan from its original terms, for economic or legal reasons, to provide a concession to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Such restructured loans are considered “troubled debt restructurings” in accordance with ASC 310-40 Troubled Debt Restructurings by Creditors. Under this guidance, modifications to loans that fall within the scope of ASC 310-30 are not considered troubled debt restructurings, regardless of otherwise meeting the definition of a troubled debt restructuring. Assets that have been foreclosed on or acquired through deed-in-lieu of foreclosure are classified as OREO until sold, and are carried at the lower of the related loan balance or the fair value of the collateral less estimated costs to sell, with any initial valuation adjustments charged to the ALL and any subsequent declines in carrying value charged to impairments on OREO.

Non-performing Assets

Non-performing assets consist of covered and non-covered non-accrual loans, accruing loans 90 days or more past due, troubled debt restructurings, OREO and other repossessed assets. However, loans and troubled debt restructurings accounted for under ASC 310-30, as described below, may be excluded from our non-performing assets to the extent that the cash flows of the loan pools are still estimable. Our non-performing assets included $28.5 million and $11.1 million of covered loans at June 30, 2013 and December 31, 2012, respectively, and $45.5 million of covered OREO at both June 30, 2013 and December 31, 2012, respectively. In addition to being covered by loss sharing agreements, these assets were marked to fair value at the time of acquisition, mitigating much of our loss potential on these non-performing assets. As a result, the levels of our non-performing assets are not fully comparable to those of our peers or to industry benchmarks.

As of June 30, 2013 and December 31, 2012, 63.1% and 64.2%, respectively, of loans accounted for under ASC 310-30 were covered by the FDIC loss sharing agreements. Loans accounted for under ASC 310-30 were recorded at fair value based on cash flow projections that considered the deteriorated credit quality and expected losses. These loans are accounted for on a pool basis and any non-payment of contractual principal or interest is considered in our periodic re-estimation of the expected future cash flows. To the extent that we decrease our cash flow projections, we record an immediate impairment expense through the provision for loan losses. We recognize any increases to our cash flow projections on a prospective basis through an increase to the pool's yield over its remaining life once any previously recorded impairment expense has been recouped. As a result of this accounting treatment, these pools may be considered to be performing, even though some or all of the individual loans within the pools may be contractually past due.

During the six months ended June 30, 2013, we identified one covered commercial and industrial loan pool accounted for under ASC 310-30 with a balance of $18.7 million at June 30, 2013, for which the cash flows were no longer reasonably estimable. In accordance with the guidance in ASC 310-30, this pool was put on non-accrual status.  As a result, we have ceased recognition of accretable yield to interest income on this loan pool. Income will now be recognized on this pool only after full recovery of the carrying value of the pool. This pool is now considered a non-performing asset and drove the increase in non-performing loans to 2.77% of total assets at June 30, 2013 from 2.23% at December 31, 2012.

All other loans accounted for under ASC 310-30 were classified as performing assets at June 30, 2013 and December 31, 2012, as the carrying values of the respective loan or pool of loans cash flows were considered estimatable and probable of collection. Therefore, interest income, through accretion of the difference between the carrying value of the loans in the pool and the pool's expected future cash flows, is being recognized on all other acquired loans accounted for under ASC 310-30.

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The following table sets forth the non-performing assets as of the dates presented (in thousands):

	June 30, 2013									December 31, 2012
	Non-Covered			Covered			Total			Non-Covered			Covered			Total
Non-accrual loans:
Commercial	$	792		$	19,583		$	20,375		$	1,466		$	3,034		$	4,500
Commercial real estate	6,013			344			6,357			10,216			1,453			11,669
Agriculture	158			47			205			207			44			251
Residential real estate	4,238			1,434			5,672			4,894			1,514			6,408
Consumer	256			—			256			291			—			291
Total non-accrual loans	11,457			21,408			32,865			17,074			6,045			23,119
Loans past due 90 days or more and still accruing interest:
Commercial	20			—			20			—			—			—
Commercial real estate	—			—			—			—			—			—
Agriculture	—			—			—			—			—			—
Residential real estate	—			—			—			22			—			22
Consumer	5			—			5			3			—			3
Total accruing loans 90 days past due	25			—			25			25			—			25
Accruing restructured loans (1)	7,788			7,082			14,870			12,673			5,047			17,720
Total non-performing loans	19,270			28,490			47,760			29,772			11,092			40,864
OREO	33,757			45,542			79,299			49,297			45,511			94,808
Other repossessed assets	696			514			1,210			800			531			1,331
Total non-performing assets	$	53,723		$	74,546		$	128,269		$	79,869		$	57,134		$	137,003
Allowance for loan losses							$	11,847								$	15,380
Total non-performing loans to total non-covered, total covered, and total loans, respectively	1.52		%	6.28		%	2.77		%	2.43		%	1.82		%	2.23		%
Total non-performing assets to total assets							2.46		%							2.53		%
Allowance for loan losses to non-performing loans							24.81		%							37.64		%

(1) Includes restructured loans less than 90 days past due and still accruing.

OREO of $79.3 million at June 30, 2013 includes $4.0 million of participant interests in OREO in connection with our repossession of collateral on loans for which we were the lead bank and we have a controlling interest. We have recorded a corresponding payable to those participant banks in other liabilities. The $79.3 million of OREO at June 30, 2013 excludes $10.7 million of minority interest in participated OREO in connection with the repossession of collateral on loans for which we were not the lead bank and we do not have a controlling interest. These properties have been repossessed by the lead banks and we have recorded our receivable due from the lead banks in other assets as minority interest in participated OREO.

During the six months ended June 30, 2013, $25.4 million of OREO was foreclosed on or otherwise repossessed and $33.7 million of OREO was sold, including $1.4 million of non-covered gains and $2.6 million of covered gains that are subject to reimbursement to the FDIC at the applicable loss-share coverage percentage. OREO write-downs of $7.1 million were recorded during the six months ended June 30, 2013, of which $5.2 million, or 72.9%, were covered by FDIC loss-sharing agreements. OREO balances decreased $15.5 million during the six months ended June 2013 to $79.3 million, 57.4% of which was covered by FDIC loss-sharing agreements, compared to OREO balances of $94.8 million at December 31, 2012, $45.5 million, or 48.0 %, of which was covered by the FDIC loss-sharing agreements.

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Past Due Loans

Past due status is monitored as an indicator of credit deterioration. Covered and non-covered loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. Loans that are 90 days or more past due and not accounted for under ASC 310-30 are put on non-accrual status unless the loan is well secured and in the process of collection. Pooled loans accounted for under ASC 310-30 that are 90 days or more past due and still accreting are included in loans 90 days or more past due and still accruing interest and are generally considered to be performing as is further described above under “Non-Performing Assets.” The one covered loan pool accounted for under ASC 310-30 that was put on non-accrual during the six months ended June 30, 2013 is included in non-accrual loans. The table below shows the past due status of loans accounted for under ASC 310-30 and loans not accounted for under ASC 310-30, based on contractual terms of the loans as of June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013									December 31, 2012
	ASC 310-30 Loans			Non ASC  310-30 Loans			Total Loans			ASC 310-30 Loans			Non ASC 310-30 Loans			Total Loans
Loans 30-89 days past due and still accruing interest	$	17,107		$	3,314		$	20,421		$	18,412		$	4,581		$	22,993
Loans 90 days past due and still accruing interest	93,144			25			93,169			146,761			25			146,786
Non-accrual loans	18,661			14,204			32,865			—			23,119			23,119
Total past due and non-accrual loans	$	128,912		$	17,543		$	146,455		$	165,173		$	27,725		$	192,898
Total covered loans	$	103,101		$	2,987		$	106,088		$	130,350		$	6,172		$	136,522
Total past due and non-accrual loans to total 310-30 loans, total non 310-30 loans and total loans, respectively	20.88		%	1.59		%	8.50		%	20.09		%	2.74		%	10.53		%
% of total past due and non-accrual loans that carry fair value adjustments	100.00		%	38.13		%	92.59		%	100.00		%	57.78		%	93.93		%
% of total past due and non-accrual loans that are covered by FDIC loss sharing agreements	79.98		%	17.03		%	72.44		%	78.92		%	22.26		%	70.77		%

During the six months ended June 30, 2013, total past due and non-accrual loans increased slightly for loans accounted for under ASC 310-30 to 20.88% at June 30, 2013 from 20.09% of total loans accounted for under ASC 310-30 at December 31, 2012. Total past due and non-performing loans not accounted for under ASC 310-30 improved significantly to 1.59% at June 30, 2013 from 2.74% at December 31, 2012 driven by a decline in non-performing loans. Total loans 30 days or more past due and still accruing interest and non-accrual loans represented 8.50% of total loans as of June 30, 2013 compared to 10.53% at December 31, 2012. Loans 30-89 days past due and still accruing interest decreased $2.6 million at June 30, 2013 compared to December 31, 2012. Loans 90 days or more past due and still accruing interest decreased $53.6 million at June 30, 2013 compared to December 31, 2012. The decrease in past due loans is reflective of improved credit quality in the broader loan portfolio and the successful workout strategies employed by our special assets division during the period. Non-accrual loans increased $9.7 million from December 31, 2012 to June 30, 2013 primarily due to the addition of the covered commercial and industrial loan pool accounted for under ASC 310-30, totaling $18.7 million, to non-accrual status during the period. Non-accrual loans not covered under ASC 310-30 decreased $8.9 million during the period primarily due to resolution of certain assets and foreclosures during the period. The non-accrual loans are primarily secured by real estate both in and outside of our market areas.

Allowance for Loan Losses

The ALL represents the amount that we believe is necessary to absorb probable losses inherent in the loan portfolio at the balance sheet date and involves a high degree of judgment and complexity. Determination of the ALL is based on an evaluation of the collectability of loans, the realizable value of underlying collateral and, to the extent applicable, prior loss experience. The ALL is critical to the portrayal and understanding of our financial condition, liquidity and results of operations. The determination and application of the ALL accounting policy involves judgments, estimates, and uncertainties that are subject to change. Changes in these assumptions, estimates or the conditions surrounding them may have a material impact on our financial condition, liquidity or results of operations.

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In accordance with the applicable guidance for business combinations, acquired loans were recorded at their acquisition date fair values, which were based on expected future cash flows and included an estimate for future loan losses, therefore no ALL was recorded as of the acquisition date. Any estimated losses on acquired loans that arise after the acquisition date are reflected in a charge to the provision for loan losses. Losses incurred on covered loans are reimbursable at the applicable loss share percentages in accordance with the loss sharing agreements with the FDIC. Accordingly, any provision for loan losses relating to covered loans is partially offset by a corresponding increase to the FDIC indemnification asset and FDIC loss sharing income in non-interest income.

Loans accounted for under the accounting guidance provided in ASC 310-30 have been grouped into pools based on the predominant risk characteristics of purpose and/or type of loan. The timing and receipt of expected principal, interest and any other cash flows of these loans are periodically re-estimated and the expected future cash flows of the collective pools are compared to the carrying value of the pools. To the extent that the expected future cash flows of each pool is less than the book value of the pool, an allowance for loan losses will be established through a charge to the provision for loan losses and, for loans covered by loss sharing agreements with the FDIC, a related adjustment to the FDIC indemnification asset for the portion of the loss that is covered by the loss sharing agreements. If the re-estimated expected future cash flows are greater than the book value of the pools, then the improvement in the expected future cash flows is accreted into interest income over the remaining expected life of the loan pool. During the six months ended June 30, 2013 and 2012, these re-estimations resulted in overall increases in expected cash flows in certain loan pools, which, absent previous valuation allowances within the same pool, is reflected in increased accretion as well as an increased amount of accretable yield and is recognized over the expected remaining lives of the underlying loans as an adjustment to yield.

For all loans not accounted for under ASC 310-30, the determination of the ALL follows a process to determine the appropriate level of ALL that is designed to account for changes in credit quality. This process provides an ALL consisting of a specific allowance component based on certain individually evaluated loans and a general allowance component based on estimates of reserves needed for all other loans, segmented based on similar risk characteristics.

Impaired loans less than $250,000 are included in the general allowance population. Impaired loans over $250,000 are subject to individual evaluation on a regular basis to determine the need, if any, to allocate a specific reserve to the impaired loan. Typically, these loans consist of commercial, commercial real estate and agriculture loans and exclude homogeneous loans such as residential real estate and consumer loans. Specific allowances are determined by collectively analyzing:

• the borrower's resources, ability, and willingness to repay in accordance with the terms of the loan agreement;

• the likelihood of receiving financial support from any guarantors;

• the adequacy and present value of future cash flows, less disposal costs, of any collateral;

• the impact current economic conditions may have on the borrower's financial condition and liquidity or the value of the collateral.

In evaluating the loan portfolio for an appropriate ALL level, unimpaired loans are grouped into segments based on broad characteristics such as primary use and underlying collateral. We have identified five primary loan segments that are further stratified into 10 loan classes to provide more granularity in analyzing loss history and to allow for more definitive qualitative adjustments based upon specific factors affecting each loan class. Following are the loan classes within each of the five primary loan segments:

Commercial	Commercial real estate	Agriculture	Residential real estate	Consumer
Total commercial	Construction	Total agriculture	Senior lien	Total consumer
	Acquisition and development		Junior lien
	Multi-family
	Owner-occupied
	Non-owner occupied

Appropriate ALL levels are determined by segment and class utilizing risk ratings, loss history, peer loss history and qualitative adjustments. The qualitative adjustments consider the following risk factors:

• economic/external conditions;

• loan administration, loan structure and procedures;

• risk tolerance/experience;

• loan growth;

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• trends;

• concentrations;

• other

Historical loss data is categorized by segment and class and a loss rate is applied to loan balances. The loss rates are based on loan segment and class and utilize a credit risk rating migration analysis. Due to our relatively short historical loss history, we incorporate not only our own historical loss rates since the beginning of 2012, but we also utilize peer historical loss data based on a 12-quarter historical average net charge-off ratio on each loan type, relying on the Uniform Bank Performance Reports compiled by the Federal Financial Institutions Examinations Council (“FFIEC”). While we use our own loss history and peer loss history for both purchased and originated loans, we assign a higher portion of our own loss history to our purchased loans, because those loans are more seasoned and more of the actual losses in the portfolio have historically been in the purchased portfolio. For originated loans, we assign a higher portion of the peer loss history, as we believe that this is likely more indicative of losses inherent in the portfolio.

The collective resulting ALL for loans not accounted for under ASC 310-30 is calculated as the sum of the specific reserves and the general reserves. While these amounts are calculated by individual loan or segment and class, the entire ALL is available for any loan that, in our judgment, should be charged-off.

During the three and six months ended June 30, 2013, two loan pools accounted for under ASC 310-30 had previous valuation allowances of $193 thousand and $1.3 million, respectively, that were reversed as a result of an increase in expected cash flows. Two loan pools had net impairments as a result of decreases in expected cash flows, resulting in a net provision of $1.0 million and $1.3 million for the three and six months ended June 30, 2013, respectively, for loans accounted for under ASC 310-30. Within the commercial real estate segment $2.8 million of 310-30 loans were charged-off during the six months ended June 30, 2013. This resulted in an ending ALL for 310-30 loans of $2.2 million at June 30, 2013, compared to $4.7 million at December 31, 2012.

During the three and six months ended June 30, 2013, we recorded $0.7 million and $1.8 million of provision for loan losses for loans not accounted for under ASC 310-30, respectively, as we provided for $1.8 million and $2.9 million of net loan charge-offs and credit risks inherent in the non ASC 310-30 balances. During the six months ended June 30, 2013, $1.3 million and $0.9 million of the $2.9 million of net charge-offs were from the commercial and commercial real estate segments, respectively. At June 30, 2013, there were nine loans that carried specific reserves totaling $0.9 million compared to ten impaired loans that carried specific reserves totaling $1.9 million at December 31, 2012.

During the three and six months ended June 30, 2012, we recorded provisions for loan losses of $10.5 million and $13.7 million, respectively, as a result of net decreases in expected cash flow on loans accounted for under ASC 310-30. Additionally, we charged off $8.7 million, net of recoveries, of loans accounted for under ASC Topic 310-30 during the six months ended June 30, 2012, $7.9 million of which was from the commercial real estate segment. This resulted in an ending ALL for 310-30 loans of $7.3 million at June 30, 2012.

During the three and six months ended June 30, 2012, we recorded $1.8 million and $6.3 million, respectively, of provision for loan losses for loans not accounted for under ASC 310-30 as we provided for net loan charge-offs and risks inherent in the June 30, 2012 non ASC 310-30 balances. Of the $5.6 million of net charge-offs during the six months ended June 30, 2012, $2.8 million was in the commercial segment and $2.2 million was in the commercial real estate segment.

After considering the abovementioned factors, we believe that the ALL of $11.8 million and $15.4 million was adequate to cover probable losses inherent in the loan portfolio at June 30, 2013 and December 31, 2012, respectively. However, it is likely that future adjustments to the ALL will be necessary and any changes to the assumptions, circumstances or estimates used in determining the ALL could adversely affect the Company's results of operations, liquidity or financial condition.

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The following schedule presents, by class stratification, the changes in the ALL during the three months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013									June 30, 2012
	ASC 310-30			Non ASC 310-30			Total			ASC 310-30			Non ASC 310-30			Total
Beginning allowance for loan losses	$	2,149		$	10,740		$	12,889		$	3,327		$	9,081		$	12,408
Charge-offs:
Commercial	(407		)	(624		)	(1,031		)	(176		)	(127		)	(303		)
Commercial real estate	16			(684		)	(668		)	(6,613		)	(241		)	(6,854		)
Agriculture	—			—			—			—			(8		)	(8		)
Residential real estate	(566		)	(549		)	(1,115		)	(144		)	(430		)	(574		)
Consumer	—			(208		)	(208		)	(19		)	(203		)	(222		)
Total charge-offs	(957		)	(2,065		)	(3,022		)	(6,952		)	(1,009		)	(7,961		)
Recoveries	—			310			310			428			193			621
Net charge-offs	(957		)	(1,755		)	(2,712		)	(6,524		)	(816		)	(7,340		)
Provision for loan loss	1,003			667			1,670			10,456			1,770			12,226
Ending allowance for loan losses	$	2,195		$	9,652		$	11,847		$	7,259		$	10,035		$	17,294

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The following schedule presents, by class stratification, the changes in the ALL during the six months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013									June 30, 2012
	ASC 310-30			Non ASC 310-30			Total			ASC 310-30			Non  ASC 310-30			Total
Beginning allowance for loan losses	$	4,652		$	10,728		$	15,380		$	2,188		$	9,339		$	11,527
Charge-offs:
Commercial	(407		)	(1,253		)	(1,660		)	(215		)	(2,759		)	(2,974		)
Commercial real estate	(2,796		)	(943		)	(3,739		)	(8,143		)	(2,413		)	(10,556		)
Agriculture	—			—			—			—			(8		)	(8		)
Residential real estate	(566		)	(624		)	(1,190		)	(560		)	(464		)	(1,024		)
Consumer	—			(441		)	(441		)	(19		)	(595		)	(614		)
Total charge-offs	(3,769		)	(3,261		)	(7,030		)	(8,937		)	(6,239		)	(15,176		)
Recoveries	—			410			410			273			608			881
Net charge-offs	(3,769		)	(2,851		)	(6,620		)	(8,664		)	(5,631		)	(14,295		)
Provision for loan loss	1,312			1,775			3,087			13,735			6,327			20,062
Ending allowance for loan losses	$	2,195		$	9,652		$	11,847		$	7,259		$	10,035		$	17,294
Ratio of net charge-offs during the period (annualized) to average total loans during the period, respectively	1.04		%	0.56		%	0.76		%	1.48		%	1.22		%	1.36		%
Ratio of allowance for loan losses to total loans outstanding at period end, respectively	0.36		%	0.87		%	0.69		%	0.68		%	1.09		%	0.87		%
Ratio of allowance for loan losses to non-covered loans outstanding at period end	0.96		%	0.93		%	0.93		%	1.87		%	1.22		%	1.42		%
Ratio of allowance for loan losses to total non-performing loans at period end, respectively	11.76		%	33.17		%	24.81		%	0.00		%	20.13		%	34.69		%
Ratio of allowance for loan losses to non-performing, non-covered loans at period end, respectively	0.00		%	50.09		%	61.48		%	0.00		%	23.85		%	41.10		%
Total loans	$	617,465		$	1,105,822		$	1,723,287		$	1,060,432		$	917,571		$	1,978,003
Average total loans outstanding during the period	$	728,011		$	1,030,058		$	1,758,069		$	1,175,459		$	931,369		$	2,106,828
Non-covered loans	$	227,981		$	1,041,501		$	1,269,482		$	388,848		$	821,472		$	1,210,320
Total non-performing loans	$	18,661		$	29,099		$	47,760		$	—		$	49,846		$	49,846
Non-performing, covered loans	$	18,661		$	9,829		$	28,490		$	—		$	7,769		$	7,769

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The following table presents the allocation of the ALL and the percentage of the total amount of loans in each loan category listed as of the dates presented (in thousands):

	June 30, 2013
	Total Loans		% of total Loans		Related ALL		% of ALL
Commercial	$	277,215	16.1	%	$	2,286	19.3	%
Commercial real estate	677,016		39.3	%	2,419		20.4	%
Agriculture	155,549		9.0	%	764		6.4	%
Residential real estate	574,133		33.3	%	5,907		49.9	%
Consumer and overdrafts	39,374		2.3	%	471		4.0	%
Total	$	1,723,287	100.0	%	$	11,847	100.0	%
	December 31, 2012
	Total Loans		% of total Loans		Related ALL		% of ALL
Commercial	$	270,588	14.8	%	$	2,798	18.2	%
Commercial real estate	804,999		43.9	%	7,396		48.1	%
Agriculture	173,407		9.5	%	592		3.8	%
Residential real estate	533,377		29.1	%	4,011		26.1	%
Consumer and overdrafts	50,331		2.7	%	583		3.8	%
Total	$	1,832,702	100.0	%	$	15,380	100.0	%

During the six months ended June 30, 2013, the ALL allocated to commercial real estate declined from 48.1% to 20.4% largely due to $2.8 million in charge-offs in our commercial real estate loans accounted for under ASC 310-30, coupled with a $1.2 million provision reversal related to our commercial real estate ASC 310-30 loans as previously recorded impairments were recaptured in connection with an improvement in estimated cash flows. The ALL allocated to the residential real estate segment increased to 49.9% from 26.1% during the six months ended June 30, 2013, which was largely the result of a $2.1 million impairment in the residential real estate loans accounted for under ASC 310-30 and charge offs of $0.6 million related to non ASC 310-30 loans and ASC 310-30 loans, respectively.

FDIC Indemnification Asset and Clawback Liability

The FDIC indemnification asset represents the net present value of the expected reimbursements from the FDIC for probable losses on covered loans and OREO that were acquired in the Hillcrest Bank and Community Banks of Colorado transactions. The initial fair values were established by discounting the expected future cash flows with a market discount rate for like maturity and risk instruments. The discount is accreted to income in connection with the expected timing of the related cash flows, and may increase or decrease from period to period due to changes in amounts and timing of expected cash flows from covered loans and OREO. As covered assets are resolved, whether it be through repayment, short sale of the underlying collateral, the foreclosure on, and sale of collateral, or the sale or charge-off of loans or OREO, the portion of any loss incurred that is reimbursable by the FDIC is recognized as FDIC loss sharing income in non-interest income. Any gains or losses realized from the resolution of covered assets reduce or increase, respectively, the amount of the FDIC indemnification asset.

In the three and six months ended June 30, 2013, we recognized $3.0 million and $7.6 million, respectively, of negative accretion on the FDIC indemnification asset as the performance of our covered assets improved. The negative accretion resulted from an increase in actual and expected cash flows on the underlying covered assets, resulting in lower expected reimbursements from the FDIC. The increase in expected cash flows from these underlying assets is reflected in increased accretion rates on covered loans as well as an increased amount of accretable yield on our covered loans accounted for under ASC 310-30 and is being recognized over the expected lives of the underlying covered loans as an adjustment to yield. The carrying value of the FDIC indemnification asset was further reduced by $21.0 million during the six months ended June 30, 2013 as a result of claims filed with the FDIC. During the six months ended June 30, 2013, we received $67.6 million in loss-share payments from the FDIC. The loss claims filed are subject to review and approval, including extensive audits, by the FDIC or its assigned agents for compliance with the terms in the loss sharing agreements.

During the three and six months ended June 30, 2012, we recognized $2.6 million and $6.3 million, respectively, of negative accretion related to the FDIC indemnification asset as a result of improved performance of our covered assets. We also reduced

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the carrying value of the FDIC indemnification asset by $68.5 million as a result of claims filed with the FDIC during the six months ended June 30, 2012. During the six months ended June 30, 2012, we received $33.1 million from the FDIC related to losses incurred during the fourth quarter of 2011.

Within 45 days of the end of each of the loss sharing agreements with the FDIC, we may be required to reimburse the FDIC in the event that the Company's losses on covered assets do not reach the second tranche in each related loss sharing agreement, based on the initial discount received less cumulative servicing amounts for the covered assets acquired. At June 30, 2013 and December 31, 2012, this clawback liability was carried at $31.2 million and $31.3 million, respectively, and is included in Due to FDIC in our consolidated statements of financial condition.

Other real estate owned

OREO is comprised of properties acquired through the foreclosure or repossession process, or any other resolution activity that results in partial or total satisfaction of problem loans. We have a dedicated, enterprise-level problem asset resolution team that is actively working to resolve problem loans and to obtain and subsequently sell the underlying collateral. OREO includes the interests of several outside participating banks totaling $4.0 million at June 30, 2013, $5.3 million at December 31, 2012, and $17.9 million at June 30, 2012, for which an offsetting liability is recorded in other liabilities. It excludes $10.7 million, $10.6 million and $12.2 million, for the same respective periods, of the Company’s minority interests in OREO which are held by outside banks where the Company was not the lead bank and does not have a controlling interest, for which the Company maintains a receivable in other assets.

Of the $79.3 million of OREO at June 30, 2013, $45.5 million, or 57.4%, was covered by the loss sharing agreements with the FDIC. Any losses on these assets are substantially offset by a corresponding change in the FDIC indemnification asset. During the three and six months ended June 30, 2013, we sold $11.9 million and $37.7 million OREO and realized net gains of $2.1 million and $3.9 million, respectively. We sold $23.2 million and $35.9 million OREO and realized net gains of $3.2 million and $4.0 million, respectively, during the three and six months ended June 30, 2012. Changes in OREO during the six months ended June 30, 2013 and 2012 were as follows (in thousands):

	For the six months ended
	June 30,
	2013			2012
Beginning balance	$	94,808		$	120,636
Transfers from loan portfolio	25,379			56,100
Impairments	(7,148		)	(7,213		)
Sales	(37,673		)	(35,851		)
Gain on sale of OREO, net	3,933			4,040
Ending Balance	$	79,299		$	137,712

Other Assets

Significant components of other assets were as follows as of the periods indicated (in thousands):

	June 30, 2013		December 31, 2012
FDIC indemnification-claimed	$	15,644	$	59,291
Minority interest in participated other real estate owned	10,697		10,627
Accrued interest on interest bearing bank deposits and investment securities	5,610		5,585
Accrued interest on loans	5,986		7,088
Accrued income taxes receivable and deferred tax asset	37,866		7,274
Other assets	8,969		10,158
Total other assets	$	84,772	$	100,023

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Other assets decreased $15.3 million, or 15.2%, during the six months ended June 30, 2013. The decrease was largely attributable to a $43.6 million decline in FDIC indemnification-claimed, as payments were received on outstanding loss-share claims submitted to the FDIC. Accrued income taxes receivable and the deferred tax assets increased $30.6 million during the six months ended June 30, 2013 as a result of declines in unrealized gains on our available-for-sale securities and due to the current recognition of taxable income from the purchase discount related to loans acquired in the Hillcrest Bank, Bank of Choice and Community Banks of Colorado transactions that had previously been deferred for income tax purposes. These deferred gains are recognized for income tax purposes as the loans are collected and as covered loans are worked out through the FDIC indemnification process.

Other Liabilities

Significant components of other liabilities were as follows as of the dates indicated (in thousands):

	June 30, 2013		December 31, 2012
Participant interest in other real estate owned	$	4,173	$	5,321
Accrued income taxes payable	9,146		4,972
Accrued interest payable	3,718		4,239
Accrued expenses	10,769		12,263
Warrant liability	5,158		5,461
Other liabilities	1,630		2,285
Total other liabilities	$	34,594	$	34,541

Other liabilities decreased $0.1 million during the six months ended June 30, 2013. Accrued income taxes payable increased by $4.2 million, primarily due to the current recognition of taxable income from the purchase discount related to loans acquired in our bank acquisitions that had previously been deferred for income tax purposes, as described above.

During the six months ended June 30, 2013, we continued to lower the interest rates paid on our deposits, coupled with the shift from higher-cost time deposits to lower cost transaction accounts. The lower cost mix of deposits resulted in a decrease in accrued interest payable of $0.5 million during the period. Additionally, participant interests in other real estate owned, which represents participant banks' interests in properties that we have repossessed, decreased $1.1 million. These participant interests are also reflected in our other real estate owned balances.

We have outstanding warrants to purchase 830,750 shares of our common stock, which are classified as a liability and included in other liabilities in our consolidated statements of financial condition. The warrants were granted to certain lead stockholders and all warrants have an exercise price of $20.00 per share. The term of the warrants is for ten years and the expiration dates of the warrants range from October 20, 2019 to September 30, 2020. We revalue the warrants at the end of each reporting period using a Black-Scholes model and any change in fair value is reported in the statements of operations as “loss (gain) from change in fair value of warrant liability” in non-interest expense in the period in which the change occurred. The warrant liability decreased $0.3 million during the six months ended June 30, 2013 to $5.2 million. The value of the warrant liability, and the expense that results from an increase to this liability, is correlated to our stock price. Accordingly, an increase in our stock price results in an increase in the warrant liability and the associated expense. More information on the accounting and measurement of the warrant liability can be found in notes 2 and 19 in our audited consolidated financial statements in our 2012 Annual Report on Form 10-K.

Deposits

Deposits from banking clients serve as a primary funding source for our banking operations and our ability to gather and manage deposit levels is critical to our success. Deposits not only provide a low cost funding source for our loans, but also provide a foundation for the customer relationships that are critical to future loan growth. The following table presents information regarding our deposit composition at June 30, 2013 and December 31, 2012 (in thousands):

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	June 30, 2013				December 31, 2012
Non-interest bearing demand deposits	$	667,786	16.7	%	$	677,985	16.1	%
Interest bearing demand deposits	476,215		11.9	%	529,996		12.6	%
Savings accounts	193,080		4.8	%	187,339		4.5	%
Money market accounts	1,053,680		26.4	%	1,052,681		25.1	%
Total transaction deposits	2,390,761		60.0	%	2,448,001		58.3	%
Time deposits < $100,000	1,038,380		26.0	%	1,121,757		26.7	%
Time deposits > $100,000	558,586		14.0	%	630,961		15.0	%
Total time deposits	1,596,966		40.0	%	1,752,718		41.7	%
Total deposits	$	3,987,727	100.0	%	$	4,200,719	100.0	%

During the six months ended June 30, 2013, our total deposits decreased $213.0 million. Since the acquisition of the four problem banks, we have continued to focus our deposit base on clients who are interested in market rate deposits and developing a banking relationship, rather than the highly rate-sensitive time deposit clients of the predecessor banks. As a result, our time deposits decreased $155.8 million, or 8.9%, during the six months ended June 30, 2013. At June 30, 2013, the mix of transaction deposits to total deposits improved to 60.0% from 58.3% at December 31, 2012. At June 30, 2013 and December 31, 2012, we had $1.2 billion of time deposits that were scheduled to mature within 12 months. Of the $1.2 billion in time deposits scheduled to mature in within 12 months, $0.4 billion of which were in denominations of $100,000 or more, and $0.8 billion of which were in denominations less than $100,000. Note 8 to the unaudited consolidated interim financial statements provides a maturity schedule and weighted average rates of time deposits outstanding at June 30, 2013 and December 31, 2012.

In connection with our FDIC-assisted bank acquisitions, the FDIC provided Bank of Choice, Hillcrest Bank and Community Banks of Colorado depositors with the right to redeem their time deposits at any time during the life of the time deposit, without penalty, unless the depositor accepts new terms. At June 30, 2013 and December 31, 2012, the Company had approximately $111.9 million and $164.3 million, respectively, of time deposits that were subject to the penalty-free withdrawals.

Results of Operations

Our net income depends largely on net interest income, which is the difference between interest income from interest earning assets and interest expense on interest bearing liabilities. Our results of operations are also affected by provisions for loan losses and non-interest income, such as service charges, bank card income and FDIC loss sharing income. Our primary operating expenses, aside from interest expense, consist of salaries and employee benefits, professional fees, occupancy costs, and data processing expense.

Overview of Results of Operations

We recorded net income of $2.9 million and $5.0 million during the three and six months ended June 30, 2013, respectively, compared to $2.7 million and $4.3 million during the three and six months ended June 30, 2012, respectively. Net interest income declined $7.6 million and $15.3 million from the three and six months ended June 30, 2012 to the three and six months ended June 30, 2013, respectively, which resulted from the lower loan balances of 310-30 loans as non-strategic loans were successfully moved to resolution, coupled with lower yields earned on the investment portfolio and on the non 310-30 loan portfolio.

Provision for loan loss expense was $1.7 million and $3.1 million during the three and six months ended June 30, 2013, respectively, compared to $12.2 million and $20.1 million during the three and six months ended June 30, 2012, respectively.The decrease in provision was due to lower impairment charges on the ASC 310-30 loan pools coupled with improved credit quality metrics in the non 310-30 portfolio. Non-interest income was $7.3 million and $14.5 million during the three and six months ended June 30, 2013, respectively, compared to $10.0 million and $20.3 million during the same periods in 2012. The declines of $2.7 million and $5.8 million during the three and six months ended June 30, 2013 compared to the same periods in 2012 was largely due to $3.2 million and $4.6 million declines in FDIC-related income, respectively.

Non-interest expense totaled $45.2 million and $93.1 million during the three and six months ended June 30, 2013, respectively, compared to $45.3 million and $98.3 million during the three and six months ended June 30, 2012, respectively. The decline in non-interest expense during the three months June 30, 2013 to the three months ended June 30, 2012 was primarily due to a decrease in professional fees, problem loan expense, and marketing and business development expenses of $2.4 million, $1.8 million, and $0.9 million, respectively, largely offset by increases of $2.4 million, $1.1 million, and $1.1 million in other real estate owned expenses, salaries and employee benefits, and occupancy and equipment, respectively. The

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decline in non-interest expense of $5.2 million from the six months ended June 30, 2012 to the six months ended June 30, 2013 was primarily due to decreases of $3.7 million, $1.5 million, and $1.2 million in professional fees, other real estate owned expenses, and problem loan expenses, respectively, as we have steadily worked out many of the acquired troubled loans. The aforementioned decreases for the six months ended June 30, 2013 were slightly offset with an increase during the same period of $2.6 million in occupancy and equipment expense, which was largely due to the additional depreciation of the premises and equipment purchased in the Bank of Choice and Community Banks of Colorado acquisitions, and an increase of $1.7 million in salaries as we have built out key areas of our corporate functions.

Net Interest Income

We regularly review net interest income metrics to provide us with indicators of how the various components of net interest income are performing. We regularly review: (i) our loan mix and the yield on loans; (ii) the investment portfolio and the related yields; (iii) our deposit mix and the cost of deposits; and (iv) net interest income simulations for various forecast periods.

The following tables present the components of net interest income for the periods indicated. The tables include: (i) the average daily balances of interest earning assets and interest bearing liabilities; (ii) the average daily balances of non-interest earning assets and non-interest bearing and liabilities; (iii) the total amount of interest income earned on interest earning assets; (iv) the total amount of interest expense incurred on interest bearing liabilities; (v) the resultant average yields and rates; (vi) net interest spread; and (vii) net interest margin, which represents the difference between interest income and interest expense, expressed as a percentage of interest earning assets. The effects of trade-date accounting of investment securities for which the cash had not settled are not considered interest earning assets and are excluded from this presentation for time frames prior to their cash settlement, as are the market value adjustments on the investment securities available-for-sale. Non-accrual and restructured loan balances are included in the average loan balances; however, the forgone interest on non-accrual and restructured loans is not included in the dollar amounts of interest earned. All amounts presented are on a pre-tax basis.

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The table below presents the components of net interest income for the three months ended June 30, 2013 and 2012 (in thousands):

	For the three months ended June 30, 2013							For the three months ended June 30, 2012
	Average Balance			Interest		Average Rate		Average Balance			Interest		Average Rate
Interest earning assets:
310-30 loans	$	671,546		$	18,710	11.14	%	$	1,108,322		$	25,694	9.32	%
Non 310-30 loans (1)(2)	1,057,144			15,610		5.92	%	927,688			16,900		7.33	%
Investment securities available-for-sale	2,110,138			9,252		1.75	%	1,759,623			10,124		2.31	%
Investment securities held-to-maturity	532,552			4,344		3.26	%	738,196			6,330		3.45	%
Other securities	32,110			388		4.83	%	31,943			384		4.84	%
Interest earning deposits and securities purchased under agreements to resell	308,280			174		0.23	%	650,759			413		0.26	%
Total interest earning assets	$	4,711,770		$	48,478	4.13	%	$	5,216,531		$	59,845	4.61	%
Cash and due from banks	59,726							70,805
Other assets	439,328							623,648
Allowance for loan losses	(12,855		)					(11,375		)
Total assets	$	5,197,969						$	5,899,609
Interest bearing liabilities:
Interest bearing demand, savings and money market deposits	$	1,727,760		$	1,061	0.25	%	$	1,705,916		$	1,364	0.32	%
Time deposits	1,628,332			3,110		0.77	%	2,298,782			6,536		1.14	%
Securities sold under agreements to repurchase	60,924			20		0.13	%	62,124			32		0.21	%
Total interest bearing liabilities	$	3,417,016		$	4,191	0.49	%	$	4,066,822		$	7,932	0.78	%
Demand deposits	649,323							622,936
Other liabilities	54,480							115,032
Total liabilities	4,120,819							4,804,790
Stockholders’ equity	1,077,150							1,094,819
Total liabilities and stockholders’ equity	$	5,197,969						$	5,899,609
Net interest income				$	44,287						$	51,913
Interest rate spread						3.64	%						3.83	%
Net interest earning assets	$	1,294,754						$	1,149,709
Net interest margin						3.77	%						4.00	%
Ratio of average interest earning assets to average interest bearing liabilities	137.89		%					128.27		%

(1) Originated loans are net of deferred loan fees, less costs, which are included in interest income over the life of the loan.

(2) Non 310-30 loans include loans held-for-sale. Average balances during the three months ended June 30, 2013 and 2012 were $8.4 million and $5.7 million, and interest income was $118 thousand and $79 thousand for the same periods respectively.

Net interest income totaled $44.3 million for the three months ended June 30, 2013 and declined $7.6 million from $51.9 million during the same period in 2012. The net interest margin narrowed 23 basis points from the same period a year ago to 3.77% and the interest rate spread narrowed 19 basis points to 3.64%. The year-over-year narrowing of the net interest margin was primarily driven by a 9.7% decrease in average interest earning assets which was largely attributable to a $436.8 million decrease in average balances on loans accounted for under ASC 310-30 as we continued to actively exit the non-strategic loan portfolio.

Average loans comprised $1.7 billion, or 36.7% of total average interest earning assets during the three months ended June 30, 2013, compared to $2.0 billion, or 39.0%, of total average interest earning assets during the three months ended June 30, 2012.Loan balances at the beginning of 2012 were reflective of our failed bank acquisitions in the latter-half of 2011 and the decline in average balances is reflective of our exit strategy with respect to the non-strategic loans. The yield on the ASC 310-30 loan portfolio was 11.14% during the three months ended June 30, 2013, compared to 9.32% during the same period the prior year. This 1.82% increase was attributable to the effects of the favorable life-to-date transfers of non-accretable difference to accretable yield that are being accreted to interest income over the remaining life of these loans.

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Average investment securities comprised 56.1% of total interest earning assets during the three months ended June 30, 2013 compared to 47.9% during the three months ended June 30, 2012, as we have steadily reinvested excess cash into our investment securities portfolio. The continued low interest rate environment and lower re-investment yields have resulted in a 58 basis point decline in yields earned on the total investment portfolio during the three months ended June 30, 2013 compared to the same period of the prior year.

Average balances of interest earning liabilities declined $649.8 million from the three months ended June 30, 2012 to the three months ended June 30, 2013, driven by a $670.5 million decline in average time deposits. Since the acquisition of our four problem banks, we have continued to focus our deposit base on clients who are interested in market rate deposits and developing a banking relationship, rather than the highly rate-sensitive time deposit clients of the predecessor banks. The net interest margin benefited from a 0.29% decrease in the cost of interest bearing liabilities as we continued our strategy of transitioning high-priced time deposits to lower-cost transaction accounts. During the three months ended June 30, 2013, total interest expense related to interest bearing liabilities was $4.2 million compared to $7.9 million during the three months ended June 30, 2012, or an average cost of 0.49% and 0.78% during the respective periods. The largest component of interest expense in each period was related to time deposits, which carried an average rate of 0.77% and 1.14% during the three months ended June 30, 2013 and 2012, respectively.

The table below presents the components of net interest income for the six months ended June 30, 2013 and 2012 (in thousands):

	For the six months ended June 30, 2013							For the six months ended June 30, 2012
	Average Balance			Interest		Average Rate		Average Balance			Interest		Average Rate
Interest earning assets:
310-30 loans	$	728,011		$	40,012	10.99	%	$	1,175,459		$	52,243	8.94	%
Non 310-30 loans (1)(2)	1,036,318			30,443		5.92	%	936,973			36,942		7.93	%
Investment securities available-for-sale	1,978,492			17,723		1.79	%	1,860,497			25,019		2.70	%
Investment securities held-to-maturity	542,636			9,121		3.36	%	380,743			6,541		3.45	%
Other securities	32,550			782		4.80	%	30,527			765		5.04	%
Interest earning deposits and securities purchased under agreements to resell	419,494			495		0.24	%	956,942			1,225		0.26	%
Total interest earning assets	$	4,737,501		$	98,576	4.20	%	$	5,341,141		$	122,735	4.62	%
Cash and due from banks	61,163							72,149
Other assets	460,135							637,537
Allowance for loan losses	(13,572		)					(8,853		)
Total assets	$	5,245,227						$	6,041,974
Interest bearing liabilities:
Interest bearing demand, savings and money market deposits	$	1,733,055		$	2,155	0.25	%	$	1,687,876		$	2,968	0.35	%
Time deposits	1,663,372			6,527		0.79	%	2,439,417			14,535		1.20	%
Securities sold under agreements to repurchase	53,893			38		0.14	%	55,763			61		0.22	%
Total interest bearing liabilities	$	3,450,320		$	8,720	0.51	%	$	4,183,056		$	17,564	0.84	%
Demand deposits	647,623							634,482
Other liabilities	64,969							130,723
Total liabilities	4,162,912							4,948,261
Stockholders’ equity	1,082,315							1,093,713
Total liabilities and stockholders’ equity	$	5,245,227						$	6,041,974
Net interest income				$	89,856						$	105,171
Interest rate spread						3.69	%						3.78	%
Net interest earning assets	$	1,287,181						$	1,158,085
Net interest margin						3.82	%						3.96	%
Ratio of average interest earning assets to average interest bearing liabilities	137.31		%					127.69		%

(1) Originated loans are net of deferred loan fees, less costs, which are included in interest income over the life of the loan.

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(2) Non 310-30 loans include loans held-for-sale. Average balances during the six months ended June 30, 2013 and 2012 were $6.3 million and $5.6 million, and interest income was $161 thousand and $154 thousand for the same periods respectively.

Net interest income totaled $89.9 million and $105.2 million for the six months ended June 30, 2013 and 2012, respectively.The net interest margin narrowed 14 basis points from the same period a year ago from 3.96% to 3.82% and the interest rate spread narrowed 9 basis points to 3.69%. The year-over-year narrowing of the net interest margin was primarily driven by an 11.3% decrease in average interest earning assets which was largely attributable to a $447.4 million decrease in average balances of loans accounted for under ASC 310-30 as we continued to actively exit the non-strategic loan portfolio, coupled with lower yields earned on the investment portfolio and on the non 310-30 loan portfolio.

Average loans comprised $1.8 billion, or 37.2% of total average interest earning assets during the six months ended June 30, 2013, compared to $2.1 billion, or 39.6%, during the six months ended June 30, 2012. Loan balances during the six months ended June 30, 2012 were reflective of our failed bank acquisitions in the latter-half of 2011 and the decline in average balances is reflective of our exit strategy of the non-strategic loans. The yield on the ASC 310-30 loan portfolio was 10.99% during the six months ended June 30, 2013, compared to 8.94% during the same period the prior year. This 2.05% increase was attributable to the effects of the favorable life-to-date transfers of non-accretable difference to accretable yield that are being accreted to interest income over the remaining life of these loans.

Average investment securities comprised 53.2% of total interest earning assets during the six months ended June 30, 2013 compared to 42.0% during the six months ended June 30, 2012, as we have steadily reinvested excess cash into our investment securities portfolio. The continued low interest rate environment and lower re-investment yields have resulted in a 69 basis point decline in yields earned on the total investment portfolio during the six months ended June 30, 2013 compared to the same period of the prior year.

Average balances of interest bearing liabilities declined $732.7 million from the six months ended June 30, 2012 compared to the six months ended June 30, 2013, driven by a $776.0 million decrease in average time deposits and partially offset by a $58.3 million increase in transaction deposits. During the six months ended June 30, 2013, total interest expense related to interest bearing liabilities was $8.7 million compared to $17.6 million during the six months ended June 30, 2012. The average cost of interest bearing liabilities has decreased 33 basis points from 0.84% during the six months ended June 30, 2012 to 0.51% during the six months ended June 30, 2013. The decline was largely due to a 31 basis point decrease in the average cost of deposits at June 30, 2012 of 0.74% to 0.43% at June 30, 2013, as we continued our strategy of transitioning high-priced time deposits to lower-cost transaction accounts. The largest component of interest expense in each period was related to time deposits, which carried an average rate of 0.79% and 1.20% during the six months ended June 30, 2013 and 2012, respectively.

The following table summarizes the changes in net interest income by major category of interest earning assets and interest bearing liabilities, identifying changes related to volume and changes related to rates for the three and six months ended June 30, 2013 compared to the three and six months ended June 30, 2012 (in thousands):

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	Three months ended June 30, 2013 Compared To Three months ended June 30, 2012									Six months ended June 30, 2013 Compared to Six months ended June 30, 2012
	Increase (decrease) due to									Increase (decrease) due to
	Volume			Rate (3)			Net			Volume			Rate (3)			Net
Interest income:
310-30 loans	$	(12,169	)	$	5,185		$	(6,984	)	$	(24,592	)	$	12,361		$	(12,231	)
Non 310-30 loans (1)(2)	1,912			(3,202		)	(1,290		)	2,918			(9,417		)	(6,499		)
Investment securities available-for-sale	1,537			(2,409		)	(872		)	1,057			(8,353		)	(7,296		)
Investment securities held-to-maturity	(1,677		)	(309		)	(1,986		)	2,721			(141		)	2,580
Other securities	2			2			4			49			(32		)	17
Interest earning deposits and securities purchased under agreements to resell	(193		)	(46		)	(239		)	(634		)	(96		)	(730		)
Total interest income	$	(10,588	)	$	(779	)	$	(11,367	)	$	(18,481	)	$	(5,678	)	$	(24,159	)
Interest expense:
Interest bearing demand, savings and money market deposits	$	13		$	(316	)	$	(303	)	$	56		$	(869	)	$	(813	)
Time deposits	(1,281		)	(2,145		)	(3,426		)	(3,045		)	(4,963		)	(8,008		)
Securities sold under agreements to repurchase	—			(12		)	(12		)	(1		)	(22		)	(23		)
Total interest expense	(1,268		)	(2,473		)	(3,741		)	(2,990		)	(5,854		)	(8,844		)
Net change in net interest income	$	(9,320	)	$	1,694		$	(7,626	)	$	(15,491	)	$	176		$	(15,315	)

(1) Originated loans are net of deferred loan fees, less costs, which are included in interest income over the life of the loan.

(2) Non 310-30 loans include loans held-for-sale.

(3) Includes changes for difference in number of days due to the leap year in 2012.

Our acquired banks had deposit rates, particularly time deposit rates, higher than market at the time we acquired them. We have been steadily lowering deposit rates as we shift towards a more consumer-based banking strategy and focusing on lower cost transaction accounts. We have done this through a particular emphasis on lowering the cost of time deposits. Below is a breakdown of deposits and the average rates paid during the periods indicated (in thousands):

	For the three months ended:
	June 30, 2013				March 31, 2013				December 31, 2012				September 30, 2012				June 30, 2012
	Average Balance		Average Rate Paid		Average Balance		Average Rate Paid		Average Balance		Average Rate Paid		Average Balance		Average Rate Paid		Average Balance		Average Rate Paid
Non-interest bearing demand	$	649,323	0.00	%	$	645,904	0.00	%	$	662,763	0.00	%	$	636,277	0.00	%	$	622,936	0.00	%
Interest bearing demand	478,922		0.15	%	486,015		0.17	%	484,178		0.18	%	500,240		0.22	%	523,202		0.24	%
Money market accounts	1,052,590		0.32	%	1,057,847		0.32	%	1,033,350		0.34	%	1,014,793		0.39	%	995,668		0.40	%
Savings accounts	196,248		0.11	%	194,548		0.13	%	176,209		0.13	%	181,939		0.14	%	187,046		0.16	%
Time deposits	1,628,332		0.77	%	1,698,801		0.82	%	1,832,790		0.85	%	2,063,622		1.00	%	2,298,782		1.14	%
Total average deposits	$	4,005,415	0.42	%	$	4,083,115	0.45	%	$	4,189,290	0.48	%	$	4,396,871	0.59	%	$	4,627,634	0.69	%

Provision for Loan Losses

The provision for loan losses represents the amount of expense that is necessary to bring the ALL to a level that we deem appropriate to absorb probable losses inherent in the loan portfolio as of the balance sheet date. The determination of the ALL, and the resultant provision for loan losses, is subjective and involves significant estimates and assumptions.

Losses incurred on covered loans are reimbursable at the applicable loss share percentages in accordance with the loss-sharing agreements with the FDIC. Accordingly, any provisions made that relate to covered loans are partially offset by a corresponding increase to the FDIC indemnification asset and FDIC loss sharing income in non-interest income. Below is a summary of the provision for loan losses for the periods indicated (in thousands):

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	For the three months				For the six months
	ended June 30,				ended June 30,
	2013		2012		2013		2012
Provision for impairment on loans accounted for under ASC 310-30	$	1,003	$	10,456	$	1,312	$	13,735
Provision for loan losses	667		1,770		1,775		6,327
Total provision for loan losses	$	1,670	$	12,226	$	3,087	$	20,062

Through the re-measurement process, we recorded $1.0 million and $10.5 million of provision for loans accounted for under ASC 310-30 during the three months ended June 30, 2013 and 2012, respectively. For the six months ended June 30, 2013 and 2012, we recorded $1.3 million and $13.7 million, respectively, of provision for loans accounted for under ASC 310-30. The net provisions on the loans accounted for under ASC 310-30 reflect $0.2 million and $1.3 million of provision recoupments as a result of increased cash flows across several pools for the three and six months ended June 30, 2013, respectively. These provision reversals, when coupled with decreased expected future cash flows primarily driven by our commercial and residential real estate pools, resulted in the net provision for the three and six months ended June 30, 2013, respectively. The decreases in expected future cash flows are reflected immediately in our financial statements. Increases in expected future cash flows are reflected through an increase in accretable yield that is accreted to income in future periods.

Non-Interest Income

The table below details the components of non-interest income during the three and six months ended June 30, 2013 and 2012, respectively (in thousands):

	Three months ended						Six months ended
	June 30,						June 30,
	2013			2012			2013			2012
FDIC indemnification asset accretion	$	(2,966	)	$	(2,646	)	$	(7,635	)	$	(6,333	)
FDIC loss sharing income	1,193			4,076			4,469			7,775
Service charges	3,923			4,328			7,610			8,704
Bank card fees	2,558			2,383			5,027			4,684
Gain on sale of mortgages, net	474			294			780			603
Gain on sale of securities, net	—			—			—			674
Gain on previously charged-off acquired loans	451			257			894			1,790
Other non-interest income	1,691			1,357			3,330			2,422
Total non-interest income	$	7,324		$	10,049		$	14,475		$	20,319

Non-interest income for the three and six months ended June 30, 2013 totaled $7.3 million and $14.5 million, respectively,compared to $10.0 million and $20.3 million during the three and six months ended June 30, 2012. We recognized negative accretion of $3.0 million and $7.6 million during the three and six months ended June 30, 2013, respectively, related to the FDIC indemnification asset. The negative accretion resulted from an increase in actual and expected cash flows on the underlying covered assets, resulting in lower expected reimbursements from the FDIC. The increase in expected cash flows from these underlying assets is reflected in increased accretion rates on covered loans and is being recognized over the remaining expected lives of the underlying covered loans as an adjustment to yield.

FDIC loss sharing income represents the income recognized in connection with the actual reimbursement of costs/recoveries of resolution of covered assets from the FDIC. The primary drivers of the FDIC loss sharing income are the FDIC reimbursements of the costs of resolving covered assets.

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Aside from the negative accretion recognized on the FDIC indemnification asset, FDIC loss sharing income activity during the three and six months ended June 30, 2013 and 2012 was as follows (in thousands):

	For the three months ended						For the six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Clawback liability amortization	$	(310	)	$	(357	)	$	(623	)	$	(711	)
Clawback liability remeasurement	76			1,077			649			1,067
Reimbursement (to) from FDIC for (gain) loss on sale of and income from covered OREO	(1,241		)	(163		)	(2,101		)	434
Reimbursement to FDIC for recoveries	(7		)	—			(22		)	(1		)
FDIC reimbursement of costs of resolution of covered assets	2,675			3,519			6,566			6,986
Total	$	1,193		$	4,076		$	4,469		$	7,775

Other FDIC loss sharing income in our statement of operations was primarily comprised of FDIC reimbursements of costs of resolution of covered assets of $2.7 million and $6.6 million, during the three and six months ended June 30, 2013, respectively, offset with reimbursements to the FDIC for gains on sales of and income from covered OREO of $1.2 million and $2.1 million, respectively. The activity in the FDIC loss sharing income line fluctuates based on specific loan and OREO workout circumstances and may not be consistent from period to period.

Service charges represent various fees charged to clients for banking services, including fees such as non-sufficient funds (“NSF”) charges and service charges on deposit accounts. Service charges decreased $0.4 million and $1.1 million, or 9.4% and 12.6%, during the three and six months ended June 30, 2013 compared to the three and six months ended June 30, 2012, respectively. The decrease was largely due to declines in NSF charges.

Bank card fees are comprised primarily of interchange fees on the debit cards that we have issued to our clients. These transactional charges have increased $0.2 million and $0.3 million, or 7.3% and 7.3% during the three and six months ended June 30, 2013 compared to the same periods in 2012. Bank card fees totaled $2.6 million and $5.0 million during the three and six months ended June 30, 2013, and $2.4 million and $4.7 million during the three and six months ended June 30, 2012, respectively.

Gain on previously charged-off acquired loans represents recoveries on loans that were previously charged-off by the predecessor bank prior to takeover by the FDIC. During the three and six months ended June 30, 2013, these gains were $0.5 million and $0.9 million, respectively, compared to $0.3 million and $1.8 million during the same periods in the prior year.

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Non-Interest Expense

Our operating strategy is to capture the efficiencies available by consolidating the operations of our acquisitions and several of our key operating objectives affect our non-interest expense. We completed the conversion of the Community Banks of Colorado and Bank of Choice acquisitions to our new data processing platform in May 2012 and July 2012, respectively. The table below details non-interest expense for the periods presented (in thousands):

	For the three months ended					For the six months ended
	June 30,					June 30,
	2013		2012			2013			2012
Salaries and employee benefits	$	23,768	$	22,631		$	46,724		$	45,044
Occupancy and equipment	5,870		4,738			11,835			9,275
Professional fees	858		3,272			2,254			5,943
Telecommunications and data processing	3,286		3,488			6,755			7,219
Marketing and business development	732		1,612			2,111			2,530
Supplies and printing	498		828			854			1,207
Other real estate owned expenses	2,497		63			7,216			8,684
Problem loan expenses	896		2,726			3,227			4,437
Intangible asset amortization	1,337		1,331			2,673			2,667
FDIC deposit insurance	1,006		1,161			2,053			2,512
ATM/debit card expenses	1,107		1,223			2,112			1,998
Initial public offering related expenses	—		87			—			408
Acquisition related costs	—		15			—			870
Loss (gain) from change in fair value of warrant liability	324		(589		)	(303		)	137
Other non-interest expense	3,051		2,715			5,603			5,343
Total non-interest expense	$	45,230	$	45,301		$	93,114		$	98,274

The largest component of non-interest operating expense is salaries and employee benefits. Salaries and employee benefits totaled $23.8 million and $46.7 million for the three and six months ended June 30, 2013, respectively, compared to $22.6 million and $45.0 million for the three and six months ended June 30, 2012, respectively. The increase reflects staffing changes as part of the further build out of sales teams and corporate and operating functions, coupled with annual salary adjustments, offset by a $0.9 million and $1.6 million decrease in stock-based compensation during the three and six months ended June 30, 2013 compared to the same periods in 2012.

Occupancy and equipment expense totaled $5.9 million and $11.8 million for the three and six months ended June 30, 2013, respectively, an increase of $1.1 million and $2.6 million over the three and six months ended June 30, 2012, respectively. The increase was driven by an increase in depreciation expense as a result of the purchase and subsequent depreciation of thepremises and equipment purchased from the FDIC in the first half of 2012 related to our Bank of Choice and Community Banks of Colorado acquisitions.

Professional fees totaled $0.9 million and $2.3 million during the three and six month ended June 30, 2013 and decreased $2.4 million and $3.7 million from the three and six months ended June 30, 2012, respectively. Professional fees were elevated during the three and six months ended June 30, 2012 primarily due to professional fees incurred in conjunction with our acquisitions of Bank of Choice in the third quarter of 2011 and Community Banks of Colorado during the fourth quarter of 2011. Additionally, we have outsourced fewer professional functions as we have built out our internal management functions.

Marketing and business development expense totaled $0.7 million and $2.1 million for the three and six months ended June 30, 2013, respectively, compared to $1.6 million and $2.5 million during the three and six months ended June 30, 2012, respectively. These decreases were primarily due to decreases in consulting and advertising expenses, which were elevated during the three and six months ended June 30, 2012 after the acquisitions of Bank of Choice during the third quarter of 2011 and Community Banks of Colorado during the fourth quarter of 2011.

Significant components of our non-interest expense are our problem loan expenses and OREO related expenses. We incur these expenses in connection with the resolution process of our acquired troubled loan portfolios. During the three and six months ended June 30, 2013, we incurred $2.5 million and $7.2 million, respectively, of OREO related expenses and $0.9 million and $3.2 million, respectively, of problem loan expenses. Of the $3.4 million and $10.4 million in collective OREO and problem

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loan expenses incurred during the three and six months ended June 30, 2013, $2.0 million and $6.7 million, respectively, were covered by loss sharing agreements with the FDIC. The losses on covered assets that are reimbursable from the FDIC are based on the book value of the related covered assets as determined by the FDIC at the date of acquisition, and the FDIC's book value does not necessarily correlate with our book value of the same assets. This difference is primarily because we recorded the OREO at fair value at the date of acquisition in accordance with applicable accounting guidance. Any losses recorded after the acquisition date are recorded at the full-loss value in other non-interest expense, and any related reimbursement from the FDIC is recorded in non-interest income as FDIC loss sharing income.

Income taxes

Income tax expense totaled $1.8 million for the three months ended June 30, 2013, as compared with $1.7 million for the three months ended June 30, 2012. These amounts equate to effective tax expense rates of 38.5% and 39.1% for the respective periods. Income tax expense for the six months ended June 30, 2013 and 2012 totaled $3.2 million and $2.8 million, respectively, equating to effective tax expense rates of 38.7% and 39.3%.

The decrease in the effective tax rate for the three and six months ended June 30, 2013, as compared to the three and six months ended June 30, 2012, was primarily attributable to changes in our state tax liabilities as our state tax presence continues to evolve. Additional information regarding income taxes can be found in note 22 of our audited consolidated financial statements in our 2012 Annual Report on Form 10-K.

Liquidity and Capital Resources

Liquidity is monitored and managed to ensure that sufficient funds are available to operate our business and pay our obligations to depositors and other creditors, while providing ample available funds for opportunistic and strategic investments. Liquidity is represented by our cash and cash equivalents, securities purchased under agreements to resell and pledgeable investment securities, and is detailed in the table below as of June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013		December 31, 2012
Cash and due from banks	$	62,095	$	90,505
Due from Federal Reserve Bank of Kansas City	190,072		579,267
Interest bearing bank deposits	50,589		99,408
Securities purchased under agreements to resell	100,000		—
Pledgeable investment securities, at fair value	2,319,001		2,084,046
Total	$	2,721,757	$	2,853,226

Total on-balance sheet liquidity decreased $131.5 million from December 31, 2012 to June 30, 2013. The decrease was largely due to a decrease in balances at the Federal Reserve Bank, offset by purchases of mortgage-backed securities.

Aside from the deployment of our capital and cash received from acquisitions, our primary sources of funds are deposits from clients, prepayments and maturities of loans and investment securities, the sale of investment securities, reimbursement of covered asset losses from the FDIC and the funds provided from operations. During the six months ended June 30, 2013, we entered into a master repurchase agreement with a large financial institution and we anticipate that, through this agreement, we would have access to a significant amount of liquidity. Additionally, we anticipate having access to other third party funding sources, including the ability to raise funds through the issuance of shares of our common stock or other equity or equity-related securities, incurrence of debt, and federal funds purchased, that may also be a source of liquidity. We anticipate that these sources of liquidity will provide adequate funding and liquidity for at least a 12 month period.

Our primary uses of funds are loan originations, investment security purchases, withdrawals of deposits, settlement of repurchase agreements, capital expenditures, operating expenses and debt payments, particularly subsequent to acquisitions. For additional information regarding our operating, investing, and financing cash flows, see our consolidated statements of cash flows in the accompanying consolidated financial statements.

Exclusive from the investing activities related to acquisitions, our primary investing activities are originations and pay-offs and pay downs of loans and sales and purchases of investment securities. At June 30, 2013, pledgeable investment securities represented our largest source of liquidity. Our available-for-sale investment securities are carried at fair value and our held-to-maturity securities are carried at amortized cost. Our collective investment securities portfolio totaled $2.6 billion at June 30, 2013, inclusive of pre-tax net unrealized losses of $8.2 million on the available-for-sale securities portfolio. Additionally, our held-to-maturity securities portfolio had $5.8 million of unrealized losses at June 30, 2013. The gross unrealized gains and losses are detailed in note 3 of our consolidated financial statements for the six months ended June 30, 2013. As of June 30,

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2013, our investment securities portfolio consisted primarily of mortgage-backed securities, all of which were issued or guaranteed by U.S. Government agencies or sponsored enterprises, and prime auto asset-backed securities. The anticipated repayments and marketability of these securities offer substantial resources and flexibility to meet new loan demand, reinvest in the investment securities portfolio, or provide optionality for reductions in our deposit funding base.

At present, financing activities are limited to changes in repurchase agreements, time deposits, and the clawback liability.Maturing time deposits, and holders of $111.9 million of time deposits assumed in the Hillcrest Bank, Bank of Choice and Community Banks of Colorado acquisitions that have not yet accepted new terms, represent a potential use of funds, as these depositors have the option to move the funds without penalty. As of June 30, 2013, $1.2 billion of time deposits were scheduled to mature within 12 months. Based on the current interest rate environment, market conditions, and our consumer banking strategy focusing on both lower cost transaction accounts and term deposits, we expect to replace a significant portion of those maturing time deposits with transaction deposits and market-rate time deposits.

As the Company matures, we expect that our liquidity at the holding company will subsequently decrease as we continue to deploy available capital and until such time that our subsidiary bank is permitted to pay, and does pay, dividends up to the holding company.

NBH Bank is prohibited from paying dividends to the holding company until at least the fourth quarter of 2013. As a result, the holding company's current sources of funds are limited to cash and cash equivalents on hand, which totaled $75.8 million atJune 30, 2013. The holding company may seek to borrow funds and raise capital in the future, the success and terms of which will be subject to market conditions and other factors.

Our stockholders' equity is impacted by the retention of earnings, changes in unrealized gains on securities, net of tax, share repurchases and the payment of dividends. We have agreed to maintain capital levels of at least 10% tier 1 leverage ratio, 11% tier 1 risk-based capital ratio and 12% total risk-based capital ratio at NBH Bank until at least the fourth quarter of 2013. At June 30, 2013 and December 31, 2012, NBH Bank and the consolidated holding company exceeded all capital requirements to which they were subject.

During the six months ended June 30, 2013, we repurchased 950,474 shares of our common stock under the $25 million share repurchase previously authorized by our board of directors. To date, we have repurchased 950,714 shares under this authorization at a weighted average price of $18.21 per share, and all shares have been retired. On August 8, 2013, our board of directors declared a quarterly dividend of $0.05 per share, payable on September 13, 2013 to shareholders of record on August 30, 2013.

Asset/Liability Management and Interest Rate Risk

The principal objective of the Company's asset and liability management function is to evaluate the interest rate risk within the balance sheet and pursue a controlled assumption of interest rate risk while maximizing earnings and preserving adequate levels of liquidity and capital. The asset and liability management function is under the guidance of the Asset Liability Committee from direction of the board of directors. The Asset Liability Committee meets monthly to review, among other things, the sensitivity of the Company's assets and liabilities to interest rate changes, local and national market conditions and rates. The Asset Liability Committee also reviews the liquidity, capital, deposit mix, loan mix and investment positions of the Company.

Management and the board of directors are responsible for managing interest rate risk and employing risk management policies that monitor and limit this exposure. Interest rate risk is measured using net interest income simulations and market value of portfolio equity analyses. These analyses use various assumptions, including the nature and timing of interest rate changes, yield curve shape, prepayments on loans, securities and deposits, deposit decay rates, pricing decisions on loans and deposits, reinvestment/replacement of asset and liability cash flows.

Instantaneous parallel rate shift scenarios are modeled and utilized to evaluate risk and establish exposure limits for acceptable changes in net interest margin. These scenarios, known as rate shocks, simulate an instantaneous change in interest rates and use various assumptions, including, but not limited to, prepayments on loans and securities, deposit decay rates, pricing decisions on loans and deposits, reinvestment and replacement of asset and liability cash flows.

We also analyze the economic value of equity as a secondary measure of interest rate risk. This is a complementary measure to net interest income where the calculated value is the result of the market value of assets less the market value of liabilities. The economic value of equity is a longer term view of interest rate risk because it measures the present value of the future cash flows. The impact of changes in interest rates on this calculation is analyzed for the risk to our future earnings and is used in conjunction with the analyses on net interest income.

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Our interest rate risk model indicated that the Company was asset sensitive in terms of interest rate sensitivity at June 30, 2013.During the six months ended June 30, 2013, we decreased our asset sensitivity as a result of the declines in cash balances relative to the size of the balance sheet. The table below illustrates the impact of an immediate and sustained 200 and 100 basis point increase and a 50 basis point decrease in interest rates on net interest income based on the interest rate risk model at June 30, 2013 and December 31, 2012:

Hypothetical
Shift in Interest	% Change in Projected Net Interest Income
Rates (in bps)	June 30, 2013	December 31, 2012
200	6.61%	12.84%
100	4.11%	7.43%
-50	-1.63%	-2.88%

Many assumptions are used to calculate the impact of interest rate fluctuations. Actual results may be significantly different than our projections due to several factors, including the timing and frequency of rate changes, market conditions and the shape of the yield curve. The computations of interest rate risk shown above do not include actions that management may undertake to manage the risks in response to anticipated changes in interest rates and actual results may also differ due to any actions taken in response to the changing rates.

The federal funds rate is the basis for overnight funding and the market expectations for changes in the federal funds rate influence the yield curve. The federal funds rate is currently at 0.25% and has been since December 2008. Should interest rates decline further, net interest margin and net interest income would be compressed given the current mix of rate sensitive assets and liabilities.

As part of the asset/liability management strategy to manage primary market risk exposures expected to be in effect in future reporting periods, management has emphasized the origination of shorter duration loans as well as variable rate loans to limit the negative exposure to a rate increase. The strategy with respect to liabilities has been to emphasize transaction accounts, particularly non-interest or low interest bearing non-maturing deposit accounts which are less sensitive to changes in interest rates. In response to this strategy, non-maturing deposit accounts have been steadily increasing and totaled 60.0% of total deposits at June 30, 2013 compared to 58.3% at December 31, 2012. We currently have no brokered time deposits and intend to continue to focus on our strategy of increasing non-interest or low interest bearing non-maturing deposit accounts and accordingly, we have no current plans to use brokered deposits in the near future.

Off-Balance Sheet Activities

In the normal course of business, we are a party to various contractual obligations, commitments and other commitments that we enter into to meet the financing needs of clients, including commitments to extend credit, commercial and consumer lines of credit and standby letters of credit. As of June 30, 2013 and December 31, 2012, the Company had loan commitments totaling $260.7 million and $305.9 million, respectively, and standby letters of credit that totaled $8.5 million and $10.7 million, respectively. Unused commitments do not necessarily represent future credit exposure or cash requirements, as commitments often expire without being drawn upon. We do not anticipate any material losses arising from commitments or contingent liabilities and we do not believe that there are any material commitments to extend credit that represent risks of an unusual nature.

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Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The information called for by this item is provided under the caption Asset/Liability Management and Interest Rate Risk in Part I, Item 2-Management's Discussion and Analysis of Financial Condition and Results of Operations and is incorporated herein by reference.

Item 4. CONTROLS AND PROCEDURES

Under the supervision and with the participation of the Company's management, including its principal executive officer and principal financial officer, the Company has evaluated the effectiveness of the design and operation of its disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)). Based upon this evaluation, the principal executive officer and principal financial officer have concluded that, as of the end of the period covered by this report, the Company's disclosure controls and procedures were effective.

During the most recently completed fiscal quarter, there was no change made in the Company's internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II: OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

From time to time we are a party to various litigation matters incidental to the conduct of our business. We are not presently party to any legal proceedings the resolution of which we believe would have a material adverse effect on our business, prospects, financial condition, liquidity, results of operation, cash flows or capital levels.

Item 1A. RISK FACTORS

There have been no material changes to the risk factors disclosed in Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2012.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table sets forth information about our purchases of our $0.01 par value Class A common stock, our only class of stock registered pursuant to Section 12 of the Exchange Act, during the first six months of 2013:

Period	(a) Total Number of Shares (or Units) Purchased	(b) Average Price Paid Per Share (or Unit)		(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
January 1 - January 31, 2013	—	$	—	—	$	24,995,685
February 1 - February 28, 2013	12,763	17.97		12,763	24,766,281
March 1 - March 31, 2013	—	—		—	24,766,281
April 1 - April 30, 2013	—	—		—	24,766,281
May 1 - May 31, 2013	418,411	18.19		418,411	17,153,958
June 1 - June 30, 2013	519,300	18.23		519,300	7,685,817
Total	950,474	$	18.21	950,474	$	7,685,817

On October 31, 2012, the Board of Directors authorized share repurchases of our common stock of up to $25 million, from time to time. The stock purchases detailed above were made under this authorization.

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Item 6. EXHIBITS

3.1	Second Amended and Restated Certificate of Incorporation (incorporated herein by reference to Exhibit 3.1 to our Form S-1 Registration Statement (Registration No. 333-177971), filed August 22, 2012)
3.2	Amended and Restated By-Laws (incorporated herein by reference to Exhibit 3.2 to our Form S-1 Registration Statement (Registration No. 333-177971), filed August 22, 2012)
10.1	Form of NBH Holdings Corp. 2009 Equity Incentive Plan Restricted Stock Award Agreement (For Non-Employee Directors) (incorporated herein by reference to Exhibit 3.2 to our Form 10-Q, filed May 14, 2013)
10.2	Form of NBH Holdings Corp. 2009 Equity Incentive Plan Restricted Stock Award Agreement (For Management) (incorporated herein by reference to Exhibit 3.2 to our Form 10-Q, filed May 14, 2013)
10.3	Form of NBH Holdings Corp. 2009 Equity Incentive Plan Nonqualified Stock Option Agreement (For Management) (incorporated herein by reference to Exhibit 3.2 to our Form 10-Q, filed May 14, 2013)
31.1	Certification of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certifications of CEO and CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operation, (iii) the Consolidated Statements of Comprehensive Income (Loss), (iv) the Consolidated Statements of Changes in Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements, tagged as blocks of text and in detail*

† Schedules and similar attachments have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The registrant will furnish supplementally a copy of any omitted schedules or similar attachment to the SEC upon request.

* This information is deemed furnished, not filed.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

NATIONAL BANK HOLDINGS CORPORATION

/s/ Brian F. Lilly

Brian F. Lilly

Chief Financial Officer

(Authorized Officer and Principal Financial Officer)

Date: August 13, 2013

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EX-10.1

Exhibit 10.1

2009 EQUITY INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

(FOR NON-EMPLOYEE DIRECTORS)

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of May 2, 2013 (the “Date of Grant”), is made by and between National Bank Holdings Corporation, a Delaware corporation (“NBHC”), and [ ] (“Participant”).

WHEREAS, NBHC has adopted the National Bank Holdings Corporation 2009 Equity Incentive Plan (the “Plan”); and

WHEREAS, the Compensation Committee of the Board of Directors (the “Committee”) has determined that it would be in the best interests of NBHC and its stockholders to grant Participant a number of shares of NBHC’s Common Stock (the “Shares”) on the terms and subject to the conditions set forth in this Agreement and the Plan.

NOW THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:

1.Grant of Restricted Stock Award.

a.Grant. NBHC hereby grants to Participant an award of Restricted Stock with respect to an aggregate of [ ] restricted Shares (the “Restricted Stock”), on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

b.Incorporation by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

2.Vesting.

a.General. Except as may otherwise be provided herein, (i) one half (rounded down to the nearest whole share if applicable) of the Shares of Restricted Stock shall vest on the 180th day following the Date of Grant and (ii) the remaining Shares of Restricted Stock shall vest on the day before the next annual meeting of shareholders that occurs after the Date of Grant, in each case, subject to Participant not having incurred a Termination of Service as of the applicable vesting date

b.Termination of Service. Except as provided in this Section 2(b), in the event that Participant incurs a Termination of Service, unvested Restricted Stock shall be forfeited by Participant without consideration. Notwithstanding the foregoing, in the event that Participant incurs a Termination of Service due to Participant’s death or Disability, any unvested Restricted Stock shall accelerate and vest in full as of the date of Termination of Service.

Non-Employee Director – May 2013

3.Tax Withholding. Participant (or, in the event of his death, any beneficiary), shall generally be solely responsible for any federal, state or local income or self employment taxes that he incurs in connection with the receipt of the award of Restricted Stock or the vesting of such Restricted Stock and NBHC shall generally have no obligation or liability with respect to Participant’s (or, in the event of his death, any beneficiary’s) satisfaction of such taxes and shall have no withholding obligations with respect thereof. Notwithstanding the foregoing, despite the fact that NBHC has no tax withholding obligation upon the vesting of Restricted Stock, Participant shall surrender to NBHC shares with a Fair Market Value that is no less than Participant’s reasonable estimate of the amount of any federal, state, or other income, employment, self employment, or other taxes that Participant will be obligated to pay with respect to the vesting of the Restricted Stock. The preceding sentence shall not apply in the event that Participant has made a Section 83(b) election. NBHC shall remit the Fair Market Value of the surrendered Shares to the appropriate tax authorities as directed by Participant.

PARTICIPANT ACKNOWLEDGES THAT IT IS PARTICIPANT’S SOLE RESPONSIBILITY, AND NOT NBHC’S, TO FILE TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS NBHC OR ITS REPRESENTATIVE TO ASSIST PARTICIPANT IN MAKING THIS FILING.

Participant shall promptly notify NBHC of any election made pursuant to Section 83(b) of the Code.

Participant acknowledges that the tax laws and regulations applicable to the Restricted Stock and the disposition of the Restricted Stock following vesting are complex and subject to change, and it is the sole responsibility of Participant to obtain Participant’s own advice as to the tax treatment of the terms of this Agreement.

4.Issuance of Restricted Stock. The Restricted Stock shall be issued by NBHC and shall be registered in Participant’s name on the stock transfer books of NBHC promptly after the date hereof. Any certificates representing Restricted Stock shall remain in the physical custody of NBHC or its designee at all times prior to, in the case of any particular Share of the Restricted Stock, the date on which such Share vests. Any certificates representing Restricted Stock shall have affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under federal or state securities laws:

Transfer of this certificate and the shares represented hereby is restricted pursuant to the terms of the National Bank Holdings Corporation 2009 Equity Incentive Plan and a Restricted Stock Award Agreement, dated as of May 2, 2013, between National Bank Holdings Corporation and [participant’s name]. A copy of such Agreement is on file at the offices of National Bank Holdings Corporation.

As soon as practicable following the vesting of any Restricted Stock, NBHC shall ensure that its stock transfer books reflect the vesting. If certificates for the Restricted Stock exist, such certificates for such vested Restricted Stock shall be delivered to Participant or to Participant’s legal representative along with the stock powers relating thereto.

5.Dividend and Voting Rights. After the Date of Grant, Participant shall be the record owner of the Restricted Stock unless and until such Shares are forfeited pursuant to Participant’s Termination of Service or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of NBHC, including, without limitation, voting rights

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and rights to payment of cash or in-kind dividends, if any, with respect to the Restricted Stock; provided that the Restricted Stock shall be subject to the limitations on transfer and encumbrance set forth in this Agreement and the Plan.

6.Transferability. The Restricted Stock may not, at any time prior to becoming vested, be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by Participant other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against NBHC, its Subsidiary or Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. The Restricted Stock shall be subject to the restrictions set forth in the Plan and this Agreement.

7.Adjustment. In the event of any event described in Section 13 of the Plan occurring after the Date of Grant, the adjustment provisions as provided for under Section 13 of the Plan shall apply to the Restricted Stock.

8.Change in Control. In the event of a Change in Control of NBHC occurring after the Date of Grant, the provisions set forth in Section 14 of the Plan shall apply to the Restricted Stock.

9.Reserved

10.Miscellaneous.

a.Confidentiality of this Agreement. Participant agrees to keep confidential the terms of this Agreement, unless and until such terms have been disclosed publicly other than through a breach by Participant of this covenant. This provision does not prohibit Participant from providing this information on a confidential and privileged basis to Participant’s attorneys or accountants for purposes of obtaining legal or tax advice or as otherwise required by law.

b.Waiver and Amendment. The Committee may waive any conditions or rights under, or amend any terms of, this Agreement and the Restricted Stock granted thereunder; provided that any such waiver or amendment that would impair the rights of any Participant or any holder or beneficiary of any Restricted Stock theretofore granted shall not to that extent be effective without the consent of Participant. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages. No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.

c.Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, facsimile, courier service or personal delivery:

if to NBHC to:

National Bank Holdings Corporation

7800 East Orchard Road, Suite 300

Greenwood Village, CO 80111

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Non-Employee Director

Facsimile: 617-303-1809

Attention: Mark W. Yonkman

if to Participant: at the address last on the records of NBHC.

All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if by facsimile.

d.Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.

e.No Rights to Service. Nothing contained in this Agreement shall be construed as giving Participant any right to be retained, in any position, as an employee, consultant or director of NBHC or its Affiliates or shall interfere with or restrict in any way the right of NBHC or its Affiliates, which is hereby expressly reserved, to remove, terminate or discharge Participant at any time for any reason whatsoever.

f.Beneficiary. Participant may file with NBHC a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with NBHC. The last such designation received by NBHC shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by NBHC prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his spouse or, if Participant is unmarried at the time of death, his estate.

g.Successors. The terms of this Agreement shall be binding upon and inure to the benefit of NBHC, its successors and assigns, and of Participant and the beneficiaries, executors, administrators, heirs and successors of Participant.

h.Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations with respect thereto.

i.Bound by the Plan. By signing this Agreement, Participant acknowledges that he has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan.

j.Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Delaware.

k.Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement.

l.Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

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11.Compliance with Legal Requirements. The grant of the Restricted Stock and any other obligations of NBHC under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. The Committee, in its sole discretion, may postpone the issuance or delivery of Shares as the Committee may consider appropriate and may require Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the Shares in compliance with applicable laws, rules and regulations.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

National Bank Holdings Corporation		National Bank Holdings Corporation
By:	Lisa R. Monteleone	By:	Mark W. Yonkman
Title:	Chief Human Resources Officer	Title:	General Counsel and Secretary
Participant:

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Non-Employee Director

EX-10.2

Exhibit 10.2

2009 EQUITY INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of May 2, 2013 (the “Date of Grant”), is made by and between National Bank Holdings Corporation, a Delaware corporation (“NBHC”), and [ ] (“Participant”).

WHEREAS, NBHC has adopted the National Bank Holdings Corporation 2009 Equity Incentive Plan (the “Plan”); and

WHEREAS, the Compensation Committee of the Board of Directors (the “Committee”) has determined that it would be in the best interests of NBHC and its shareholders to grant Participant a number of shares of NBHC’s Common Stock (the “Shares”) on the terms and subject to the conditions set forth in this Agreement and the Plan.

NOW THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:

1.Grant of Restricted Stock Award.

a.Grant. NBHC hereby grants to Participant an award of Restricted Stock with respect to an aggregate of [ ] restricted Shares (the “Restricted Stock”), on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

b.Incorporation by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

2.Vesting.

a.Time Vesting Restricted Stock. Except as may otherwise be provided herein, based on Participant’s continued employment with NBHC through the applicable dates specified below (the “Service Condition”) (i) one quarter (rounded down to the nearest whole share if applicable) of the Shares of Restricted Stock shall vest on the second anniversary of the Date of Grant, (ii) one quarter (rounded down to the nearest whole share if applicable) of the Shares of Restricted Stock shall vest on the third anniversary of the Date of Grant, (iii) one quarter (rounded down to the nearest whole share if applicable) of the Shares of Restricted Stock shall vest on the fourth anniversary of the Date of Grant and (iv) the remaining Shares of Restricted Stock shall vest on the fifth anniversary of the Date of Grant.

b.Termination of Service. Except as provided in this Section 2(b), in the event that Participant incurs a Termination of Service, unvested Restricted Stock shall be forfeited by Participant without consideration. Notwithstanding the foregoing, in the event that Participant incurs a Termination of Service due to Participant’s death or Disability, any remaining Service Conditions on the unvested Restricted Stock shall be deemed to have been satisfied and the Restricted Stock shall vest.

Single – May 2013

3.Tax Withholding. NBHC shall reasonably determine the amount of any federal, state, local or other income, employment or other taxes that NBHC or any of its subsidiaries may reasonably be obligated to withhold with respect to the grant, vesting or other event with respect to the Restricted Stock. NBHC’s obligation to deliver the Restricted Stock or any certificates evidencing the Restricted Stock (or to make a book entry or other electronic notation indicating ownership of the Shares), or otherwise remove the restrictive notations or legends on such shares or certificates that refer to nontransferability as set forth in Section 4 of this Agreement, is subject to the condition precedent that Participant either pay or provide for the amount of any such withholding obligations in such manner as may be authorized by the Committee or as may otherwise be permitted under Section 13(d) of the Plan. With respect to tax withholding obligations upon the vesting of Restricted Stock, Participant shall satisfy such obligation by surrendering to NBHC a portion of the Shares that are issued or transferred to Participant upon the vesting of the Restricted Stock (but only to the extent of the minimum withholding required by law), and the Shares so surrendered by Participant shall be credited against any such withholding obligation at the Fair Market Value of such Shares on the date of such surrender (and the amount equal to the Fair Market Value of such Shares shall be remitted to the appropriate tax authorities).

PARTICIPANT ACKNOWLEDGES THAT IT IS PARTICIPANT’S SOLE RESPONSIBILITY, AND NOT NBHC’S, TO FILE TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS NBHC OR ITS REPRESENTATIVE TO ASSIST PARTICIPANT IN MAKING THIS FILING.

Participant shall promptly notify NBHC of any election made pursuant to Section 83(b) of the Code.

Participant acknowledges that the tax laws and regulations applicable to the Restricted Stock and the disposition of the Restricted Stock following vesting are complex and subject to change, and it is the sole responsibility of Participant to obtain Participant’s own advice as to the tax treatment of the terms of this Agreement.

4.Issuance of Restricted Stock. The Restricted Stock shall be issued by NBHC and shall be registered in Participant’s name on the stock transfer books of NBHC promptly after the date hereof. Any certificates representing Restricted Stock shall remain in the physical custody of NBHC or its designee at all times prior to, in the case of any particular Share of the Restricted Stock, the date on which such Share vests. Any certificates representing Restricted Stock shall have affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under federal or state securities laws:

Transfer of this certificate and the shares represented hereby is restricted pursuant to the terms of the National Bank Holdings Corporation 2009 Equity Incentive Plan and a Restricted Stock Award Agreement, dated as of May 2, 2013, between National Bank Holdings Corporation and [participant’s name]. A copy of such Agreement is on file at the offices of National Bank Holdings Corporation.

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As soon as practicable following the vesting of any Restricted Stock, NBHC shall ensure that its stock transfer books reflect the vesting. If certificates for the Restricted Stock exist, such certificates for such vested Restricted Stock shall be delivered to Participant or to Participant’s legal representative along with the stock powers relating thereto.

5.Dividend and Voting Rights. After the Date of Grant, Participant shall be the record owner of the Restricted Stock unless and until such Shares are forfeited pursuant to Participant’s Termination of Service or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common shareholder of NBHC, including, without limitation, voting rights and rights to payment of cash or in-kind dividends, if any, with respect to the Restricted Stock; provided that the Restricted Stock shall be subject to the limitations on transfer and encumbrance set forth in this Agreement and the Plan.

6.Transferability. The Restricted Stock may not, at any time prior to becoming vested, be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by Participant other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against NBHC, its Subsidiary or Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. The Restricted Stock shall be subject to the restrictions set forth in the Plan and this Agreement.

7.Adjustment. In the event of any event described in Section 13 of the Plan occurring after the Date of Grant, the adjustment provisions as provided for under Section 13 of the Plan shall apply to the Restricted Stock.

8.Change in Control. In the event of a Change in Control of NBHC occurring after the Date of Grant, the provisions set forth in Section 14 of the Plan shall apply to the Restricted Stock.

9.Forfeiture. Participant agrees that, notwithstanding any other provision of any agreement to which he or she is subject with NBHC or NBH Bank, N.A., (collectively, the “Company”), and in addition to and not in contravention of any clawback provision applicable to Participant:

(i)If the Company is required to prepare an accounting restatement due to material noncompliance of the Company as a result of Participant’s misconduct in connection with any financial reporting requirement under the federal securities laws, the Committee may require Participant to forfeit unvested Restricted Stock, and/or to reimburse the Company for all amounts received under this Agreement from the Company during the 12 month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial document embodying such financial reporting requirement; and any amounts received with respect to, or profits realized from the vesting of Restricted Stock or the sale of securities of the Company during that 12 month period;

(ii)If the Committee shall determine that Participant has engaged in a serious breach of conduct, the Committee may require Participant to forfeit unvested Restricted Stock, may terminate this Agreement and/or require Participant to repay any amounts realized upon the vesting of Restricted Stock or on the subsequent sale of the shares of common stock that were granted as Restricted Stock or the cancellation of shares relating to Restricted Stock; and

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(iii)If Participant is found guilty of misconduct by any judicial or administrative authority in connection with any (A) formal investigation by the Securities and Exchange Commission or (B) other federal or state regulatory investigation, the Committee may require Participant to forfeit unvested Restricted Stock and/or may require the repayment of any amounts realized upon the vesting of Restricted Stock or on the subsequent sale of the shares of common stock that were granted as Restricted Stock or the cancellation of shares relating to Restricted Stock without regard to the timing of the determination of misconduct in relation to the timing of the vesting or sale of the award.

10.Miscellaneous.

a.Confidentiality of this Agreement. Participant agrees to keep confidential the terms of this Agreement, unless and until such terms have been disclosed publicly other than through a breach by Participant of this covenant. This provision does not prohibit Participant from providing this information on a confidential and privileged basis to Participant’s attorneys or accountants for purposes of obtaining legal or tax advice or as otherwise required by law.

b.Waiver and Amendment. The Committee may waive any conditions or rights under, or amend any terms of, this Agreement and the Restricted Stock granted thereunder; provided that any such waiver or amendment that would impair the rights of any Participant or any holder or beneficiary of any Restricted Stock theretofore granted shall not to that extent be effective without the consent of Participant. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages. No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.

c.Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, facsimile, courier service or personal delivery:

if to NBHC to:

National Bank Holdings Corporation

7800 East Orchard Road, Suite 300

Greenwood Village, CO 80111

Facsimile: 617-303-1809

Attention: Mark W. Yonkman

if to Participant: at the address last on the records of NBHC.

All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if by facsimile.

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d.Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.

e.No Rights to Service. Nothing contained in this Agreement shall be construed as giving Participant any right to be retained, in any position, as an employee, consultant or director of NBHC or its Affiliates or shall interfere with or restrict in any way the right of NBHC or its Affiliates, which is hereby expressly reserved, to remove, terminate or discharge Participant at any time for any reason whatsoever.

f.Beneficiary. Participant may file with NBHC a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with NBHC. The last such designation received by NBHC shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by NBHC prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his spouse or, if Participant is unmarried at the time of death, his estate.

g.Successors. The terms of this Agreement shall be binding upon and inure to the benefit of NBHC, its successors and assigns, and of Participant and the beneficiaries, executors, administrators, heirs and successors of Participant.

h.Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations with respect thereto.

i.Bound by the Plan. By signing this Agreement, Participant acknowledges that he has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan.

j.Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Delaware.

k.Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement.

l.Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

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11.Compliance with Legal Requirements. The grant of the Restricted Stock and any other obligations of NBHC under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. The Committee, in its sole discretion, may postpone the issuance or delivery of Shares as the Committee may consider appropriate and may require Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the Shares in compliance with applicable laws, rules and regulations.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

National Bank Holdings Corporation		National Bank Holdings Corporation
By:	Lisa R. Monteleone	By:	Mark W. Yonkman
Title:	Chief Human Resources Officer	Title:	General Counsel and Secretary
Participant:

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Single – May 2013

EX-10.3

Exhibit 10.3

2009 EQUITY INCENTIVE PLAN

NONQUALIFIED STOCK OPTION AGREEMENT

THIS OPTION AGREEMENT (this “Agreement”), dated as of May 2, 2013, (the “Date of Grant”), is made by and between National Bank Holdings Corporation, a Delaware corporation (“NBHC”), and [ ] (“Participant”).

WHEREAS, NBHC has adopted the National Bank Holdings Corporation 2009 Equity Incentive Plan (the “Plan”), pursuant to which nonqualified stock options may be granted to purchase shares of NBHC’s common stock, par value $0.01 per share (“Common Stock”); and

WHEREAS, the Compensation Committee of the Board of Directors of NBHC (the “Committee”) has determined that it would be in the best interests of NBHC and its shareholders to grant Participant nonqualified stock options on the terms and subject to the conditions set forth in this Agreement and the Plan.

NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:

1.Grant of Option:

a.Grant. NBHC hereby grants to Participant a nonqualified stock option (the “Option” and any portion thereof, the “Options”) to purchase [ ] shares of Common Stock (such shares of Common Stock, the “Shares”), on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. The Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code (the “Code”).

b.Incorporation by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

2.Option; Option Price:

a.Option Price. The option price, being the price at which Participant shall be entitled to purchase the Shares upon the exercise of all or any of the Options, shall be $[ ] per Share (the “Option Price”).

b.Payment of the Option Price. The Option may be exercised only by written notice, substantially in the form provided by NBHC, delivered in person or by mail in accordance with Section 11(c) hereof and accompanied by payment of the Option Price. The Option Price shall be payable in cash, or, to the extent permitted by the Committee, by any of the other methods permitted under Section 7(b) of the Plan.

Single – May 2013

3.Vesting: Except as may otherwise be provided herein, the Option shall become non forfeitable (any Options that shall have become non-forfeitable pursuant to this Section 3, the “Vested Options”) and shall become exercisable according to the following provisions, subject to Participant’s continued employment with NBHC as of any such date:

a.General Vesting. (i) One-half of the Options (rounded down to the nearest whole share if applicable) shall become Vested Options and shall become exercisable on the third anniversary of the Date of Grant, subject to Participant not having incurred a Termination of Service prior to such date and (ii) the remaining Options shall become Vested Options and shall become exercisable on the fourth anniversary of the Date of Grant, subject to Participant not having incurred a Termination of Service prior to such date.

b.Vesting Upon Retirement. In the event that Participant incurs a Termination of Service upon Retirement (as defined below), the Options shall vest and be exercisable according to the terms of this Agreement as though no Termination of Service had occurred. For the purposes of this Agreement, “Retirement” shall mean Participant’s voluntary resignation when (i) Participant is at least 60 years of age and (ii) participant has been employed by NBHC for no less than 10 years. For the purposes of determining Participant’s eligibility for Retirement under this Agreement, if Participant was employed by a company that NBHC acquired or that merged with NBHC, Participant’s employment with NBHC shall be deemed to have begun on the closing date of the transaction in which NBHC acquired or merged with such company.

c.Vesting Upon Death or Disability. In the event that Participant incurs a Termination of Service due to death or Disability, all Options that have not theretofore become Vested Options shall become Vested Options and be exercisable.

d.Termination of Service. In the event that Participant incurs a Termination of Service for any reason other than Retirement, death or Disability, any Options that have not theretofore become Vested Options shall be forfeited by Participant without consideration.

4.Termination:

a.The Option shall automatically terminate and shall become null and void, be unexercisable and be of no further force and effect upon the earliest of:

(i) the tenth anniversary of the Date of Grant;

(ii) the first anniversary of Participant’s Termination of Service in the case of a Termination of Service due to death or Disability;

(iii) the 90th day following Participant’s Termination of Service in the case of a Termination of Service by NBHC without Cause or a Termination of Service due to Participant’s resignation; and

(iv) the day of Participant’s Termination of Service in the case of a Termination of Service for Cause.

b. Notwithstanding the provisions of Section 4(a) to the contrary, in the event of Participant’s Termination of Service for any reason (other than due to a Termination of Service

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for Cause) during the two-year period following a Change in Control, the Option shall remain outstanding and exercisable until the earlier of (i) the tenth anniversary of the Date of Grant and (ii) the fifth anniversary of such Termination of Service.

5.Compliance with Legal Requirements: The grant and exercise of the Option and any other obligations of NBHC under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. The Committee, in its sole discretion, may postpone the issuance or delivery of Shares as the Committee may consider appropriate and may require Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the Shares in compliance with applicable laws, rules and regulations.

6.Transferability: The Option may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by Participant other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against NBHC, its Subsidiaries or Affiliates; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. The Option and any Shares received upon exercise thereof shall be subject to the restrictions set forth in the Plan and this Agreement.

7.Adjustment: In the event of any event described in Section 13 of the Plan occurring after the Date of Grant, the adjustment provisions as provided for under Section 13 of the Plan shall apply to the Option.

8.Change in Control: In the event of a Change in Control of NBHC occurring after the Date of Grant, the provisions set forth in Section 14 of the Plan shall apply to the Option.

9.Tax Withholding: As a condition to exercising the Option, in whole or in part, Participant will pay to NBHC, or, pursuant to Section 12(d) of the Plan, make provisions satisfactory to NBHC for payment of, any federal, state or local tax laws in respect of the exercise or the transfer of the Shares. Participant may elect to have any withholding obligation satisfied by surrendering to NBHC a portion of the Shares that are issued or transferred to Participant upon the exercise of any Options (but only to the extent of the minimum withholding required by law) and the Shares so surrendered by Participant shall be credited against any such withholding obligation at the Fair Market Value of such Shares on the date of such surrender (and the amount equal to the Fair Market Value of such Shares shall be remitted to the appropriate tax authorities).

10.Forfeiture: Participant agrees that, notwithstanding any other provision of any agreement to which he or she is subject with NBHC or NBH Bank, N.A., (collectively, the “Company”), and in addition to and not in contravention of any clawback provision applicable to Participant:

(i) If the Company is required to prepare an accounting restatement due to material noncompliance of the Company as a result of Participant’s misconduct in connection with any financial reporting requirement under the federal securities laws, Participant shall reimburse the Company for all amounts received under this Agreement from the Company during the 12 month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial document embodying such financial reporting requirement and profits realized from the exercise of Options or the sale of securities of the Company during that 12 month period;

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(ii) If the Committee shall determine that Participant has engaged in a serious breach of conduct, the Committee may terminate this Agreement, cancel all Options and/or require Participant repay gain realized on the exercise of Options; and

(iii) If Participant is found guilty of misconduct by any judicial or administrative authority in connection with any (A) formal investigation by the Securities and Exchange Commission or (B) other federal or state regulatory investigation, the Committee may terminate this Agreement, require Participant to forfeit Options and/or may require the repayment of any gain realized on the exercise of any Options without regard to the timing of the determination of misconduct in relation to the timing of the exercise of the Option.

11.Miscellaneous:

a.Confidentiality of this Agreement. Participant agrees to keep confidential the terms of this Agreement, unless and until such terms have been disclosed publicly other than through a breach by Participant of this covenant. This provision does not prohibit Participant from providing this information on a confidential and privileged basis to Participant’s attorneys or accountants for purposes of obtaining legal or tax advice or as otherwise required by law.

b.Waiver and Amendment. The Committee may waive any conditions or rights under, or amend any terms of, this Agreement and the Option granted thereunder; provided that any such waiver or amendment that would impair the rights of any Participant or any holder or beneficiary of any Option theretofore granted shall not to that extent be effective without the consent of Participant. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages. No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.

c.Notices. All notices, demands and other communications provided for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, facsimile, courier service or personal delivery:

if to NBHC to:

National Bank Holdings Corporation

7800 East Orchard Road, Suite 300

Greenwood Village, CO 80111

Facsimile: (617) 303-1809

Attention: Mark W. Yonkman

if to Participant: at the address last on the records of NBHC.

All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if by facsimile.

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d.Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.

e.No Rights to Service. Nothing contained in this Agreement shall be construed as giving Participant any right to be retained, in any position, as an employee, consultant or director of NBHC or its Affiliates or shall interfere with or restrict in any way the right of NBHC or its Affiliates, which is hereby expressly reserved, to remove, terminate or discharge Participant at any time for any reason whatsoever.

f.Beneficiary. Participant may file with NBHC a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with NBHC. The last such designation received by NBHC shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by NBHC prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his spouse or, if Participant is unmarried at the time of death, his estate.

g.Successors. The terms of this Agreement shall be binding upon and inure to the benefit of NBHC, its successors and assigns, and of Participant and the beneficiaries, executors, administrators, heirs and successors of Participant.

h.Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations with respect thereto.

i.Bound by the Plan. By signing this Agreement, Participant acknowledges that he has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan.

j.Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Delaware.

k.Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction and shall not constitute a part of this Agreement.

l.Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

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12.Definitions and Administration

a.Termination for Cause.

In order to invoke a termination for Cause, NBHC must provide written notice to Participant of the existence of such grounds within 30 days following NBHC’s knowledge of the existence of such grounds, specifying in reasonable detail the grounds constituting Cause, and, with respect to the grounds enumerated in the definition of Cause in the Plan, Participant shall have 30 days following receipt of such written notice during which he may remedy the ground if such ground is reasonably subject to cure.

For purposes of this provision, no act or failure to act, on the part of Participant, shall be considered “willful” unless it is done, or omitted to be done, by Participant in bad faith or without reasonable belief that Participant’s action or omission was in the best interests of NBHC. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or upon the advice of counsel for NBHC shall be conclusively presumed to be done, or omitted to be done, by Participant in good faith and in the best interests of NBHC. The cessation of employment of Participant shall not be deemed to be for Cause unless and until there shall have been delivered to Participant a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonable notice is provided to Participant and Participant is given an opportunity, together with counsel, to be heard before the Board), finding that, in the good faith opinion of the Board, Participant is guilty of the conduct that constitutes Cause and specifying the particulars thereof in detail.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

National Bank Holdings Corporation		National Bank Holdings Corporation
By:	Lisa R. Monteleone	By:	Mark W. Yonkman
Title:	Chief Human Resources Officer	Title:	General Counsel and Secretary
Participant:

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EX-31.1

Exhibit 31.1

Certifications of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, G. Timothy Laney, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of National Bank Holdings Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-(e)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

c. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 13, 2013	/s/ G. Timothy Laney
		G. Timothy Laney Chief Executive Officer

EX-31.2

Exhibit 31.2

Certifications of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Brian F. Lilly, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of National Bank Holdings Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-(e)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

c. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 13, 2013	/s/ Brian F. Lilly
		Brian F. Lilly Chief Financial Officer

EX-32

Exhibit 32

Certifications of CEO and CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the quarterly report of National Bank Holdings Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2013, as filed with the Securities and Exchange Commission (the “Report”), each of the undersigned officers certifies pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge: (1) this Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Date:	August 13, 2013	/s/ G. Timothy Laney
		G. Timothy Laney Chief Executive Officer
Date:	August 13, 2013	/s/ Brian F. Lilly
		Brian F. Lilly Chief Financial Officer

XML

Fair Value Measurements - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013 SecurityLoan Company	Jun. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of comparable companies for expected volatility	9
Measureing period for payments to the FDIC	45 days
Number of Loans measured	26
Nonrecurring Loans Reserves	$ 900,000
Impairments	7,148,000	7,213,000
Percentage of OREO impairments covered by the FDIC	72.90%
Additions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of Loans measured	10
Nonrecurring Loans Reserves	500,000
Nonrecurring Loans Carrying value	7,900,000
Eliminations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of Loans measured	13
Nonrecurring Loans Reserves	1,600,000
FDIC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairments	$ 5,200,000

XML

Fair Value Measurements (Table of Valuation Techniques and Unobservable Inputs Used in Valuation of Financial Instruments Falling Within Level 3 of Fair Value Hierarchy) (Detail) (USD $)							6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Other Securities [Member]	Jun. 30, 2013 Impaired loans [Member]	Jun. 30, 2013 Clawback Liability [Member]	Jun. 30, 2013 Warrant Liability [Member]	Jun. 30, 2013 Discounted Cash Flows [Member]	Jun. 30, 2013 Minimum [Member] Appraised value [Member]	Jun. 30, 2013 Minimum [Member] Contractually Defined [Member]	Jun. 30, 2013 Minimum [Member] Discounted Cash Flows [Member]	Jun. 30, 2013 Minimum [Member] Black-Scholes [Member]	Jun. 30, 2013 Maximum [Member] Appraised value [Member]	Jun. 30, 2013 Maximum [Member] Contractually Defined [Member]	Jun. 30, 2013 Maximum [Member] Discounted Cash Flows [Member]	Jun. 30, 2013 Maximum [Member] Black-Scholes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value	$ 2,046,536,000	$ 1,718,028,000	$ 419,000
Total liabilities at fair value	36,403,000	36,732,000		29,704,000	31,245,000	5,158,000
Appraised values Discount rate								0.00%				25.00%
Intrinsic loss estimates									323,300,000				405,000,000
Asset purchase premium										$ 98,000,000				$ 182,700,000
Discount rate							4.00%
Discount period										28 months				40 months
Volatility											15.00%				48.00%

XML

Deposits

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Deposits

Deposits

As of June 30, 2013 and December 31, 2012, deposits totaled $4.0 billion and $4.2 billion, respectively. Time deposits decreased from $1.8 billion at December 31, 2012 to $1.6 billion at June 30, 2013. The following table summarizes the Company’s time deposits, based upon contractual maturity, at June 30, 2013 and December 31, 2012, by remaining maturity (in thousands):

	June 30, 2013				December 31, 2012
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
Three months or less	$	329,163	0.65	%	$	356,446	0.78	%
Over 3 months through 6 months	339,916		0.59	%	259,097		0.68	%
Over 6 months through 12 months	514,388		0.60	%	583,209		0.67	%
Over 12 months through 24 months	248,386		0.92	%	373,283		0.88	%
Over 24 months through 36 months	102,572		1.60	%	111,599		1.77	%
Over 36 months through 48 months	39,018		1.67	%	43,967		1.83	%
Over 48 months through 60 months	18,538		1.35	%	19,278		1.44	%
Thereafter	4,985		1.82	%	5,839		2.32	%
Total time deposits	$	1,596,966	0.76	%	$	1,752,718	0.85	%

In connection with the Company’s FDIC-assisted transactions, the FDIC provided Hillcrest Bank, Bank of Choice and Community Banks of Colorado depositors with the right to redeem their time deposits at any time during the life of the time deposit, without penalty, unless the depositor accepts new terms. At June 30, 2013 and December 31, 2012, the Company had approximately $111.9 million and $164.3 million, respectively, of time deposits that were subject to penalty-free withdrawals.

The Company incurred interest expense on deposits as follows during the periods indicated (in thousands):

	For the three months ended				For the six months ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
Interest bearing demand deposits	$	180	$	308	$	379	$	735
Money market accounts	827		980		1,662		2,072
Savings accounts	54		76		114		161
Time deposits	3,110		6,536		6,527		14,535
Total	$	4,171	$	7,900	$	8,682	$	17,503

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Loans (Summary of Company's Carrying Value of Non-Accrual TDR's) (Detail) (Non-Accruing TDR [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Covered [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	$ 1,724	$ 3,563
Covered [Member] | Commercial [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	104	1,736
Covered [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	186	313
Covered [Member] | Agriculture [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	0	0
Covered [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	1,434	1,514
Covered [Member] | Consumer [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	0	0
Non-Covered [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	6,471	9,308
Non-Covered [Member] | Commercial [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	643	1,215
Non-Covered [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	4,953	6,823
Non-Covered [Member] | Agriculture [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	0	21
Non-Covered [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	619	958
Non-Covered [Member] | Consumer [Member]
Loans [Line Items]
Carrying Value of Non - Accruing TDR’s	$ 256	$ 291

XML

Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Interest and dividend income:
Interest and fees on loans	$ 34,320	$ 42,594	$ 70,455	$ 89,185
Interest and dividends on investment securities	13,596	16,454	26,844	31,560
Dividends on non-marketable securities	388	384	782	765
Interest on interest-bearing bank deposits	174	413	495	1,225
Total interest and dividend income	48,478	59,845	98,576	122,735
Interest expense:
Interest on deposits	4,171	7,900	8,682	17,503
Interest on borrowings	20	32	38	61
Total interest expense	4,191	7,932	8,720	17,564
Net interest income before provision for loan losses	44,287	51,913	89,856	105,171
Provision for loan losses	1,670	12,226	3,087	20,062
Net interest income after provision for loan losses	42,617	39,687	86,769	85,109
Non-interest income:
FDIC indemnification asset accretion	(2,966)	(2,646)	(7,635)	(6,333)
FDIC loss sharing income	1,193	4,076	4,469	7,775
Service charges	3,923	4,328	7,610	8,704
Bank card fees	2,558	2,383	5,027	4,684
Gain on sales of mortgages, net	474	294	780	603
Gain on sale of securities, net	0	0	0	674
Gain on previously charged-off acquired loans	451	257	894	1,790
Other non-interest income	1,691	1,357	3,330	2,422
Total non-interest income	7,324	10,049	14,475	20,319
Non-interest expense:
Salaries and employee benefits	23,768	22,631	46,724	45,044
Occupancy and equipment	5,870	4,738	11,835	9,275
Professional fees	858	3,272	2,254	5,943
Telecommunications and data processing	3,286	3,488	6,755	7,219
Marketing and business development	732	1,612	2,111	2,530
Supplies and printing	498	828	854	1,207
Other real estate owned expenses	2,497	63	7,216	8,684
Problem loan expenses	896	2,726	3,227	4,437
Intangible asset amortization	1,337	1,331	2,673	2,667
FDIC deposit insurance	1,006	1,161	2,053	2,512
ATM/debit card expenses	1,107	1,223	2,112	1,998
Initial public offering related expenses	0	87	0	408
Acquisition related costs	0	15	0	870
Loss (gain) from the change in fair value of warrant liability	324	(589)	(303)	137
Other non-interest expense	3,051	2,715	5,603	5,343
Total non-interest expense	45,230	45,301	93,114	98,274
Income before income taxes	4,711	4,435	8,130	7,154
Income tax expense	1,813	1,733	3,150	2,809
Net income	$ 2,898	$ 2,702	$ 4,980	$ 4,345
Income per share—basic (in dollars per share)	$ 0.06	$ 0.05	$ 0.10	$ 0.08
Income per share—diluted (in dollars per share)	$ 0.06	$ 0.05	$ 0.10	$ 0.08
Weighted average number of common shares outstanding:
Basic (Shares)	52,055,434	52,191,239	52,187,295	52,184,051
Diluted (Shares)	52,081,326	52,319,170	52,213,193	52,311,348

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

National Bank Holdings Corporation (the “Company”) is a bank holding company that was incorporated in the State of Delaware in June 2009 with the intent to acquire and operate community banking franchises and other complementary businesses in targeted markets. The accompanying unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, NBH Bank, N.A. NBH Bank, N.A. is the resulting entity from the Company's acquisitions to date and it offers consumer and commercial banking through 101 full-service banking centers that are predominately located in the greater Kansas City area and Colorado.

These interim financial statementsserve to update the National Bank Holdings Corporation Annual Report on Form 10-K for the year ended December 31, 2012. The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. However, they may not include all information and notes necessary to constitute a complete set of financial statements under GAAP applicable to annual periods and accordingly should be read in conjunction with the financial information contained in the Form 10-K. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period.

The Company's significant accounting policies followed in the preparation of the consolidated financial statements are disclosed in Note 2 of the audited financial statements and notes for the year ended December 31, 2012 are contained in the Company's Annual Report on Form 10-K, referenced above. During the six months ended June 30, 2013, the Company began entering into agreements with certain financial institutions whereby the Company purchases securities under agreements to resell as of a specified future date at a specified price plus accrued interest. The securities purchased under agreements to resell are carried at the contractual amounts at which the securities will subsequently be resold, including accrued interest. The securities purchased under agreement to resell are subject to a master netting arrangement; however, the Company has not offset any of the amounts shown in the consolidated financial statements. The securities are pledged as collateral by the counterparties and are held by a third party custodian. The collateral is valued daily and additional collateral may be obtained or refunded as necessary to maintain full collateralization of these transactions. There have been no other significant changes to the application of significant accounting policies since December 31, 2012.

GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the amount and timing of expected cash flows from assets, the valuation of the FDIC indemnification asset and clawback liability, the valuation of other real estate owned (“OREO”), the fair value adjustments on assets acquired and liabilities assumed, the valuation of core deposit intangible assets, the deferred tax assets, the evaluation of investment securities for other-than-temporary impairment (“OTTI”), the fair values of financial instruments, the allowance for loan losses (“ALL”), and contingent liabilities. Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates.

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of a financial instrument is the amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is determined based upon quoted market prices to the extent possible; however, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques that may be significantly impacted by the assumptions used, including the discount rate and estimates of future cash flows. Changes in any of these assumptions could significantly affect the fair value estimates. The fair value of the financial instruments listed below does not reflect a premium or discount that could result from offering all of the Company’s holdings of financial instruments at one time, nor does it reflect the underlying value of the Company, as ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. In connection with the Hillcrest Bank, Bank Midwest, Bank of Choice and Community Banks of Colorado acquisitions, the Company recorded all of the acquired assets and assumed liabilities at fair value at the respective dates of acquisition. The fair value of financial instruments at June 30, 2013 and December 31, 2012, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below (in thousands):

		June 30, 2013				December 31, 2012
	Level in Fair Value Measurement Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
ASSETS:
Cash and cash equivalents	Level 1	$	302,756	$	302,756	$	769,180	$	769,180
Securities purchased under agreements to resell	Level 2	100,000		100,004		—		—
U.S. Treasury securities available-for-sale	Level 1	—		—		300		300
Asset backed securities available-for-sale	Level 2	43,578		43,578		90,003		90,003
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	560,135		560,135		678,017		678,017
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	1,442,404		1,442,404		949,289		949,289
Other securities	Level 3	419		419		419		419
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	509,690		506,162		577,486		584,551
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	82,971		80,668		—		—
Capital stock of FHLB	Level 2	6,755		6,755		7,976		7,976
Capital stock of FRB	Level 2	25,020		25,020		25,020		25,020
Loans receivable, net	Level 3	1,711,440		1,717,300		1,817,322		1,829,987
Loans held-for-sale	Level 2	6,288		6,288		5,368		5,368
Accrued interest receivable	Level 2	11,596		11,596		12,673		12,673
LIABILITIES:
Deposit transaction accounts	Level 2	2,390,761		2,390,761		2,448,001		2,448,001
Time deposits	Level 2	1,596,966		1,601,250		1,752,718		1,759,886
Securities sold under agreements to repurchase	Level 2	122,879		122,795		53,685		53,686
Due to FDIC	Level 3	31,245		31,245		31,271		31,271
Warrant liability	Level 3	5,158		5,158		5,461		5,461
Accrued interest payable	Level 2	3,718		3,718		4,239		4,239

Cash and cash equivalents

Cash and cash equivalents have a short-term nature and the estimated fair value is equal to the carrying value.

Securities purchased under agreements to resell

The fair value of securities purchased under agreements to resell is estimated by discounting contractual maturities utilizing current market rates for similar instruments.

Investment securities

The estimated fair value of investment securities is based on quoted market prices or bid quotations received from securities dealers. Other investment securities, including securities that are held for regulatory purposes are carried at cost, less any other than temporary impairment.

Loans receivable

The estimated fair value of the loan portfolio is estimated using a discounted cash flow analysis using a discount rate based on interest rates offered at the respective measurement dates for loans with similar terms to borrowers of similar credit quality. The allowance for loan losses is considered a reasonable estimate of any required adjustment to fair value to reflect the impact of credit risk. The estimates of fair value do not incorporate the exit-price concept prescribed by ASC Topic 820 Fair Value Measurements and Disclosures.

Loans held-for-sale

Loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. The portfolio consists primarily of fixed rate residential mortgage loans that are sold within 45 days. The estimated fair value is based on quoted market prices for similar loans in the secondary market and are classified as level 2.

Accrued interest receivable

Accrued interest receivable has a short-term nature and the estimated fair value is equal to the carrying value.

Deposits

The estimated fair value of deposits with no stated maturity, such as non-interest bearing demand deposits, savings, NOW accounts, and money market accounts, is equal to the amount payable on demand. The fair value of interest-bearing time deposits is based on the discounted value of contractual cash flows of such deposits, taking into account the option for early withdrawal. The discount rate is estimated using the rates offered by the Company, at the respective measurement dates, for deposits of similar remaining maturities.

Securities sold under agreements to repurchase

The vast majority of the Company’s repurchase agreements are overnight transactions that mature the day after the transaction, and as a result of this short-term nature, the estimated fair value is equal to the carrying value.

Due to FDIC

The amount due to FDIC is specified in the purchase agreements and, as it relates to the clawback liability, is discounted to reflect the uncertainty in the timing and payment of the amount due by the Company.

Warrant liability

The warrant liability is estimated using a Black-Scholes model, the assumptions of which are detailed in note 19 of our audited consolidated financial statements.

Accrued interest payable

Accrued interest payable has a short-term nature and the estimated fair value is equal to the carrying value.

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Stock-Based Compensation and Employee Benefits (Narrative) (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 Company	Jun. 30, 2012
Share Based Compensation [Line Items]
Option awards, contractual terms			10 years
Number of comparable companies for expected volatility			9
Dividend policy at the time of grant			$ 0.05
Options granted weighted average grant date fair values			$ 5.30
Stock option expense	$ 0.6	$ 1.1	$ 1.3	$ 2.0
restricted shares			1 year
Expense related to restricted stock	0.7	1.0	1.4	2.3
Unrecognized compensation cost related to non-vested restricted shares granted			3.1
Minimum [Member]
Share Based Compensation [Line Items]
Option awards vest on a graded basis			1 year
Maximum [Member]
Share Based Compensation [Line Items]
Option awards vest on a graded basis			4 years
Non-Vested Stock Options [Member]
Share Based Compensation [Line Items]
Total unrecognized compensation expense relate to stock options			$ 2.2
restricted shares			8 months 12 days

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Allowance for Loan Losses (Summary of Company's Allowance for Loan Losses ("All") and Recorded Investment in Loans) (Detail) (USD $) In Thousands, unless otherwise specified							3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended									3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended									3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended									3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended									3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended									3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2013 Non ASC 310-30 [Member]	Jun. 30, 2012 Non ASC 310-30 [Member]	Jun. 30, 2013 Non ASC 310-30 [Member]	Jun. 30, 2012 Non ASC 310-30 [Member]	Dec. 31, 2012 Non ASC 310-30 [Member]	Jun. 30, 2013 ASC 310-30 [Member]	Jun. 30, 2012 ASC 310-30 [Member]	Jun. 30, 2013 ASC 310-30 [Member]	Jun. 30, 2012 ASC 310-30 [Member]	Dec. 31, 2012 ASC 310-30 [Member]	Jun. 30, 2013 Commercial Loan [Member]	Mar. 31, 2013 Commercial Loan [Member]	Dec. 31, 2012 Commercial Loan [Member]	Jun. 30, 2012 Commercial Loan [Member]	Mar. 31, 2012 Commercial Loan [Member]	Dec. 31, 2011 Commercial Loan [Member]	Jun. 30, 2013 Commercial Loan [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Commercial Loan [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Commercial Loan [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Commercial Loan [Member] Non ASC 310-30 [Member]	Dec. 31, 2012 Commercial Loan [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Commercial Loan [Member] ASC 310-30 [Member]	Jun. 30, 2012 Commercial Loan [Member] ASC 310-30 [Member]	Jun. 30, 2013 Commercial Loan [Member] ASC 310-30 [Member]	Jun. 30, 2012 Commercial Loan [Member] ASC 310-30 [Member]	Dec. 31, 2012 Commercial Loan [Member] ASC 310-30 [Member]	Jun. 30, 2013 Commercial Real Estate [Member]	Mar. 31, 2013 Commercial Real Estate [Member]	Dec. 31, 2012 Commercial Real Estate [Member]	Jun. 30, 2012 Commercial Real Estate [Member]	Mar. 31, 2012 Commercial Real Estate [Member]	Dec. 31, 2011 Commercial Real Estate [Member]	Jun. 30, 2013 Commercial Real Estate [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Commercial Real Estate [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Commercial Real Estate [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Commercial Real Estate [Member] Non ASC 310-30 [Member]	Dec. 31, 2012 Commercial Real Estate [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Commercial Real Estate [Member] ASC 310-30 [Member]	Jun. 30, 2012 Commercial Real Estate [Member] ASC 310-30 [Member]	Jun. 30, 2013 Commercial Real Estate [Member] ASC 310-30 [Member]	Jun. 30, 2012 Commercial Real Estate [Member] ASC 310-30 [Member]	Dec. 31, 2012 Commercial Real Estate [Member] ASC 310-30 [Member]	Jun. 30, 2013 Agriculture [Member]	Mar. 31, 2013 Agriculture [Member]	Dec. 31, 2012 Agriculture [Member]	Jun. 30, 2012 Agriculture [Member]	Mar. 31, 2012 Agriculture [Member]	Dec. 31, 2011 Agriculture [Member]	Jun. 30, 2013 Agriculture [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Agriculture [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Agriculture [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Agriculture [Member] Non ASC 310-30 [Member]	Dec. 31, 2012 Agriculture [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Agriculture [Member] ASC 310-30 [Member]	Jun. 30, 2012 Agriculture [Member] ASC 310-30 [Member]	Jun. 30, 2013 Agriculture [Member] ASC 310-30 [Member]	Jun. 30, 2012 Agriculture [Member] ASC 310-30 [Member]	Dec. 31, 2012 Agriculture [Member] ASC 310-30 [Member]	Jun. 30, 2013 Residential Real Estate Segment [Member]	Mar. 31, 2013 Residential Real Estate Segment [Member]	Dec. 31, 2012 Residential Real Estate Segment [Member]	Jun. 30, 2012 Residential Real Estate Segment [Member]	Mar. 31, 2012 Residential Real Estate Segment [Member]	Dec. 31, 2011 Residential Real Estate Segment [Member]	Jun. 30, 2013 Residential Real Estate Segment [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Residential Real Estate Segment [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Residential Real Estate Segment [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Residential Real Estate Segment [Member] Non ASC 310-30 [Member]	Dec. 31, 2012 Residential Real Estate Segment [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Residential Real Estate Segment [Member] ASC 310-30 [Member]	Jun. 30, 2012 Residential Real Estate Segment [Member] ASC 310-30 [Member]	Jun. 30, 2013 Residential Real Estate Segment [Member] ASC 310-30 [Member]	Jun. 30, 2012 Residential Real Estate Segment [Member] ASC 310-30 [Member]	Dec. 31, 2012 Residential Real Estate Segment [Member] ASC 310-30 [Member]	Jun. 30, 2013 Consumer [Member]	Mar. 31, 2013 Consumer [Member]	Dec. 31, 2012 Consumer [Member]	Jun. 30, 2012 Consumer [Member]	Mar. 31, 2012 Consumer [Member]	Dec. 31, 2011 Consumer [Member]	Jun. 30, 2013 Consumer [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Consumer [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Consumer [Member] Non ASC 310-30 [Member]	Jun. 30, 2012 Consumer [Member] Non ASC 310-30 [Member]	Dec. 31, 2012 Consumer [Member] Non ASC 310-30 [Member]	Jun. 30, 2013 Consumer [Member] ASC 310-30 [Member]	Jun. 30, 2012 Consumer [Member] ASC 310-30 [Member]	Jun. 30, 2013 Consumer [Member] ASC 310-30 [Member]	Jun. 30, 2012 Consumer [Member] ASC 310-30 [Member]	Dec. 31, 2012 Consumer [Member] ASC 310-30 [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 11,847	$ 12,889	$ 15,380	$ 17,294	$ 12,408	$ 11,527	$ 10,740	$ 9,081	$ 10,728	$ 9,339		$ 2,149	$ 3,327	$ 4,652	$ 2,188		$ 2,286	$ 3,286	$ 2,798	$ 3,318	$ 4,371	$ 2,959	$ 2,875	$ 1,889	$ 2,798	$ 1,597		$ 411	$ 2,482	$ 0	$ 1,362		$ 2,419	$ 2,975	$ 7,396	$ 7,797	$ 3,641	$ 3,389	$ 2,492	$ 3,110	$ 3,056	$ 3,389		$ 483	$ 531	$ 4,340	$ 0		$ 764	$ 793	$ 592	$ 660	$ 166	$ 282	$ 524	$ 166	$ 323	$ 154		$ 269	$ 0	$ 269	$ 128		$ 5,907	$ 5,342	$ 4,011	$ 4,872	$ 3,645	$ 4,121	$ 4,356	$ 3,363	$ 4,011	$ 3,423		$ 986	$ 282	$ 0	$ 698		$ 471	$ 493	$ 583	$ 647	$ 585	$ 776	$ 493	$ 553	$ 540	$ 776		$ 0	$ 32	$ 43	$ 0
Charge-offs							(2,065)	(1,009)	(3,261)	(6,239)		(957)	(6,952)	(3,769)	(8,937)								(624)	(127)	(1,253)	(2,759)		(407)	(176)	(407)	(215)								(684)	(241)	(943)	(2,413)		16	(6,613)	(2,796)	(8,143)								0	(8)	0	(8)		0	0	0	0								(549)	(430)	(624)	(464)		(566)	(144)	(566)	(560)								(208)	(203)	(441)	(595)		0	(19)	0	(19)
Recoveries							310	193	410	608		0	428	0	273								86	0	95	0		0	155	0	0								112	101	112	219		0	273	0	273								13	0	13	0		0	0	0	0								27	72	41	96		0	0	0	0								72	20	149	293		0	0	0	0
Provision							667	1,770	1,775	6,327		1,003	10,456	1,312	13,735								(97)	(37)	600	2,887		42	(868)	453	446								193	608	(112)	2,383		(193)	10,028	(1,238)	12,089								(42)	126	159	138		0	376	0	248								499	808	905	758		1,154	921	2,140	921								114	265	223	161		0	(1)	(43)	31
Ending balance	11,847	12,889	15,380	17,294	12,408	11,527	9,652	10,035	9,652	10,035		2,195	7,259	2,195	7,259		2,286	3,286	2,798	3,318	4,371	2,959	2,240	1,725	2,240	1,725		46	1,593	46	1,593		2,419	2,975	7,396	7,797	3,641	3,389	2,113	3,578	2,113	3,578		306	4,219	306	4,219		764	793	592	660	166	282	495	284	495	284		269	376	269	376		5,907	5,342	4,011	4,872	3,645	4,121	4,333	3,813	4,333	3,813		1,574	1,059	1,574	1,059		471	493	583	647	585	776	471	635	471	635		0	12	0	12
Ending allowance balance individually evaluated for impairment							981	1,893	981	1,893													296	1,165	296	1,165													49	318	49	318													1	0	1	0													627	410	627	410													8	0	8	0
Ending allowance balance collectively evaluated for impairment							8,671	8,142	8,671	8,142													1,944	560	1,944	560													2,064	3,260	2,064	3,260													494	284	494	284													3,706	3,403	3,706	3,403													463	635	463	635
Ending allowance balance												2,195	7,259	2,195	7,259													46	1,593	46	1,593													306	4,219	306	4,219													269	376	269	376													1,574	1,059	1,574	1,059													0	12	0	12
Total ending allowance balance	11,847	12,889	15,380	17,294	12,408	11,527	9,652	10,035	9,652	10,035		2,195	7,259	2,195	7,259		2,286	3,286	2,798	3,318	4,371	2,959	2,240	1,725	2,240	1,725		46	1,593	46	1,593		2,419	2,975	7,396	7,797	3,641	3,389	2,113	3,578	2,113	3,578		306	4,219	306	4,219		764	793	592	660	166	282	495	284	495	284		269	376	269	376		5,907	5,342	4,011	4,872	3,645	4,121	4,333	3,813	4,333	3,813		1,574	1,059	1,574	1,059		471	493	583	647	585	776	471	635	471	635		0	12	0	12
Loans individually evaluated for impairment							29,704	49,860	29,704	49,860													9,283	12,431	9,283	12,431													10,710	32,476	10,710	32,476													206	40	206	40													9,198	4,897	9,198	4,897													307	16	307	16
Loans collectively evaluated for impairment							1,076,118	867,711	1,076,118	867,711													194,606	153,622	194,606	153,622													256,945	226,768	256,945	226,768													113,222	87,864	113,222	87,864													483,156	371,139	483,156	371,139													28,189	28,318	28,189	28,318
Loans												617,465	1,060,432	617,465	1,060,432													73,326	117,711	73,326	117,711													409,361	706,672	409,361	706,672													42,121	59,139	42,121	59,139													81,779	143,432	81,779	143,432													10,878	33,478	10,878	33,478
Total loans	$ 1,723,287		$ 1,832,702	$ 1,978,003			$ 1,105,822		$ 1,105,822		$ 1,010,681	$ 617,465		$ 617,465		$ 822,021	$ 277,215		$ 270,588	$ 283,764			$ 203,889		$ 203,889		$ 187,419	$ 73,326		$ 73,326		$ 83,169	$ 677,016		$ 804,999	$ 965,916			$ 267,655		$ 267,655		$ 238,964	$ 409,361		$ 409,361		$ 566,035	$ 155,549		$ 173,407	$ 147,043			$ 113,428		$ 113,428		$ 125,674	$ 42,121		$ 42,121		$ 47,733	$ 574,133		$ 533,377	$ 519,468			$ 492,354		$ 492,354		$ 427,277	$ 81,779		$ 81,779		$ 106,100	$ 39,374		$ 50,331	$ 61,812			$ 28,496		$ 28,496		$ 31,347	$ 10,878		$ 10,878		$ 18,984

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Regulatory Capital

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Regulatory Capital

Regulatory Capital

At June 30, 2013 and December 31, 2012, as applicable, NBH Bank, N.A. and the consolidated holding company exceeded all capital ratio requirements under prompt corrective action or other regulatory requirements, as is detailed in the table below (dollars in thousands):

	June 30, 2013
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.7	%	$	950,460	N/A		N/A		4	%	$	203,435
NBH Bank, N.A.	17.3	%	861,541		10	%	$	498,299	4	%	199,320
Tier 1 risk-based capital ratio (2)
Consolidated	50.1	%	$	950,460	6	%	$	113,753	4	%	$	75,836
NBH Bank, N.A.	46.1	%	861,541		11	%	205,389		4	%	74,687
Total risk-based capital ratio (2)
Consolidated	50.8	%	$	963,108	10	%	$	189,589	8	%	$	151,671
NBH Bank, N.A.	46.8	%	874,189		12	%	224,061		8	%	149,374

	December 31, 2012
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.2	%	$	962,779	N/A		N/A		4	%	$	211,439
NBH Bank, N.A.	16.4	%	851,365		10	%	$	518,244	4	%	207,298
Tier 1 risk-based capital ratio (2)
Consolidated	51.9	%	$	962,779	6	%	$	111,396	4	%	$	74,264
NBH Bank, N.A.	46.6	%	851,365		11	%	201,147		4	%	73,144
Total risk-based capital ratio (2)
Consolidated	52.7	%	$	978,535	10	%	$	185,659	8	%	$	148,527
NBH Bank, N.A.	47.4	%	867,121		12	%	219,433		8	%	146,289

(1) These ratio requirements are reflective of the agreements the Company has made with its various regulators in connection with the approval of the de novo charter for NBH Bank, N.A., as described above.

(2) Due to the conditional guarantee represented by the loss sharing agreements, the FDIC indemnification asset and covered assets are risk-weighted at 20% for purposes of risk-based capital computations.

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Loans (Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30 and Loans Covered by the FDIC Loss Sharing Agreements) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Loans [Line Items]
Total Loans	$ 1,723,287	$ 1,832,702	$ 1,978,003
% of Total	100.00%	100.00%
Covered [Member]
Loans [Line Items]
Total Loans	453,805	608,222
% of Total	26.30%	33.20%
Non-Covered [Member]
Loans [Line Items]
Total Loans	1,269,482	1,224,480
% of Total	73.70%	66.80%
Commercial Loan [Member]
Loans [Line Items]
Total Loans	277,215	270,588	283,764
% of Total	16.10%	14.80%
Commercial Real Estate [Member]
Loans [Line Items]
Total Loans	677,016	804,999	965,916
% of Total	39.30%	43.90%
Agriculture [Member]
Loans [Line Items]
Total Loans	155,549	173,407	147,043
% of Total	9.00%	9.50%
Residential Real Estate Segment [Member]
Loans [Line Items]
Total Loans	574,133	533,377	519,468
% of Total	33.30%	29.10%
Consumer [Member]
Loans [Line Items]
Total Loans	39,374	50,331	61,812
% of Total	2.30%	2.70%
ASC 310-30 [Member]
Loans [Line Items]
Total Loans	617,465	822,021
ASC 310-30 [Member] | Covered [Member]
Loans [Line Items]
Total Loans	389,484	527,948
ASC 310-30 [Member] | Non-Covered [Member]
Loans [Line Items]
Total Loans	227,981	294,073
ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total Loans	73,326	83,169
ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total Loans	409,361	566,035
ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total Loans	42,121	47,733
ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total Loans	81,779	106,100
ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total Loans	10,878	18,984
Non ASC 310-30 [Member]
Loans [Line Items]
Total Loans	1,105,822	1,010,681
Non ASC 310-30 [Member] | Covered [Member]
Loans [Line Items]
Total Loans	64,321	80,274
Non ASC 310-30 [Member] | Non-Covered [Member]
Loans [Line Items]
Total Loans	1,041,501	930,407
Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total Loans	203,889	187,419
Non ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total Loans	267,655	238,964
Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total Loans	113,428	125,674
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total Loans	492,354	427,277
Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total Loans	$ 28,496	$ 31,347

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Fair Value of Financial Instruments (Additional Information) (Detail)	6 Months Ended
	Jun. 30, 2013
Fair Value Of Financial Instruments [Abstract]
Residential mortgage loans held for sale period	45 days

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Allowance for Loan Losses (Narrative) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Allowance For Loan And Lease Losses [Line Items]
Impairments due to Remeasurement	$ 1,000,000	$ 10,500,000	$ 1,300,000	$ 13,700,000
Provision for loan losses			3,087,000	20,062,000
Company charged off, net of recoveries	1,800,000		2,900,000
Commercial Real Estate [Member]
Allowance For Loan And Lease Losses [Line Items]
Impairments due to Remeasurement		10,000,000		12,100,000
Loan re-measurements that resulted in a reversal	200,000		1,200,000
Company charged off, net of recoveries				2,400,000
Residential Real Estate Segment [Member]
Allowance For Loan And Lease Losses [Line Items]
Impairments due to Remeasurement	1,200,000	900,000	2,100,000	900,000
Non Accrual [Member]
Allowance For Loan And Lease Losses [Line Items]
Allowance for Doubtful Accounts Receivable, Charge-offs	1,300,000		1,300,000
Non ASC 310-30 [Member]
Allowance For Loan And Lease Losses [Line Items]
Provision for loan losses	700,000	1,800,000	1,800,000	6,300,000
Company charged off, net of recoveries				5,600,000
Non ASC 310-30 [Member] | Commercial and Industrial Pool [Member]
Allowance For Loan And Lease Losses [Line Items]
Company charged off, net of recoveries				2,400,000
Outside Core Market [Member] | Commercial Real Estate [Member]
Allowance For Loan And Lease Losses [Line Items]
Company charged off, net of recoveries				$ 2,100,000

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Basis of Presentation (Narrative) (Detail)	6 Months Ended
	Jun. 30, 2013 Bank
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of full-service banking centers	101

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Loans (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30 and Loans Covered by the FDIC Loss Sharing Agreements

The carrying value of loans are net of discounts on loans excluded from Accounting Standards Codification (“ASC”) Topic 310-30 , and fees and costs of $15.6 million and $20.4 million as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	June 30, 2013
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	73,326	$	203,889	$	277,215	16.1	%
Commercial real estate	409,361		267,655		677,016		39.3	%
Agriculture	42,121		113,428		155,549		9.0	%
Residential real estate	81,779		492,354		574,133		33.3	%
Consumer	10,878		28,496		39,374		2.3	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%
Covered	$	389,484	$	64,321	$	453,805	26.3	%
Non-covered	227,981		1,041,501		1,269,482		73.7	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%

	December 31, 2012
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	83,169	$	187,419	$	270,588	14.8	%
Commercial real estate	566,035		238,964		804,999		43.9	%
Agriculture	47,733		125,674		173,407		9.5	%
Residential real estate	106,100		427,277		533,377		29.1	%
Consumer	18,984		31,347		50,331		2.7	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%
Covered	$	527,948	$	80,274	$	608,222	33.2	%
Non-covered	294,073		930,407		1,224,480		66.8	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%

Loan Delinquency

Loan delinquency for all loans is shown in the following tables at June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	604	$	81	$	879	$	1,564	$	202,325	$	203,889	$	20	$	1,714
Commercial real estate
Construction	—		—		—		—		6,516		6,516		—		—
Acquisition/development	47		404		—		451		10,727		11,178		—		1
Multifamily	935		—		—		935		7,802		8,737		—		186
Owner-occupied	71		172		106		349		70,106		70,455		—		893
Non owner-occupied	138		—		4,713		4,851		165,918		170,769		—		5,277
Total commercial real estate	1,191		576		4,819		6,586		261,069		267,655		—		6,357
Agriculture	20		—		—		20		113,408		113,428		—		205
Residential real estate
Senior lien	1,149		102		1,417		2,668		437,779		440,447		—		5,214
Junior lien	151		47		220		418		51,489		51,907		—		458
Total residential real estate	1,300		149		1,637		3,086		489,268		492,354		—		5,672
Consumer	320		17		5		342		28,154		28,496		5		256
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Covered loans excluded from ASC 310-30	393		56		688		1,137		63,184		64,321		—		2,747
Non-covered loans excluded from ASC 310-30	3,042		767		6,652		10,461		1,031,040		1,041,501		25		11,457
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Loans accounted for under ASC 310-30
Commercial	746		123		5,401		6,270		67,056		73,326		5,324		18,661
Commercial real estate	2,600		9,078		81,618		93,296		316,065		409,361		81,618		—
Agriculture	2,154		—		2,688		4,842		37,279		42,121		2,688		—
Residential real estate	1,410		817		3,453		5,680		76,099		81,779		3,453		—
Consumer	153		100		61		314		10,564		10,878		61		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Covered loans accounted for under ASC 310-30	2,781		6,357		75,461		84,599		304,885		389,484		75,384		18,661
Non-covered loans accounted for under ASC 310-30	4,282		3,761		17,760		25,803		202,178		227,981		17,760		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865
Covered loans	$	3,174	$	6,413	$	76,149	$	85,736	$	368,069	$	453,805	$	75,384	$	21,408
Non-covered loans	7,324		4,528		24,412		36,264		1,233,218		1,269,482		17,785		11,457
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865

	Total Loans December 31, 2012
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	846	$	148	$	1,122	$	2,116	$	185,303	$	187,419	$	—	$	4,500
Commercial real estate
Construction	—		—		—		—		3,915		3,915		—		—
Acquisition/development	1,948		—		—		1,948		8,485		10,433		—		75
Multifamily	—		—		34		34		13,387		13,421		—		237
Owner-occupied	97		106		1,074		1,277		56,490		57,767		—		3,365
Non owner-occupied	—		122		5,123		5,245		148,183		153,428		—		7,992
Total commercial real estate	2,045		228		6,231		8,504		230,460		238,964		—		11,669
Agriculture	33		40		11		84		125,590		125,674		—		251
Residential real estate
Senior lien	1,261		119		1,825		3,205		373,243		376,448		22		5,815
Junior lien	181		—		110		291		50,538		50,829		—		593
Total residential real estate	1,442		119		1,935		3,496		423,781		427,277		22		6,408
Consumer	447		48		3		498		30,849		31,347		3		291
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Covered loans excluded from ASC 310-30	75		51		2,062		2,188		78,086		80,274		—		6,045
Non-covered loans excluded from ASC 310-30	4,738		532		7,240		12,510		917,897		930,407		25		17,074
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Loans accounted for under ASC 310-30
Commercial	521		563		5,621		6,705		76,464		83,169		5,621		—
Commercial real estate	10,060		3,928		129,656		143,644		422,391		566,035		129,656		—
Agriculture	1,247		16		2,768		4,031		43,702		47,733		2,768		—
Residential real estate	1,247		207		5,463		6,917		99,183		106,100		5,463		—
Consumer	297		327		3,253		3,877		15,107		18,984		3,253		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Covered loans accounted for under ASC 310-30	9,855		3,613		116,883		130,351		397,597		527,948		116,883		—
Non-covered loans accounted for under ASC 310-30	3,517		1,428		29,878		34,823		259,250		294,073		29,878		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119
Covered loans	$	9,930	$	3,664	$	118,945	$	132,539	$	475,683	$	608,222	$	116,883	$	6,045
Non-covered loans	8,255		1,960		37,118		47,333		1,177,147		1,224,480		29,903		17,074
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119

Credit Exposure for Loans as Determined by Company's Internal Risk Rating System

Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	155,575	$	6,118	$	41,724	$	472	$	203,889
Commercial real estate
Construction	6,516		—		—		—		6,516
Acquisition/development	2,344		2,766		6,068		—		11,178
Multifamily	7,587		—		1,113		37		8,737
Owner-occupied	61,770		877		7,808		—		70,455
Non owner-occupied	134,175		27,283		9,311		—		170,769
Total commercial real estate	212,392		30,926		24,300		37		267,655
Agriculture	111,792		784		852		—		113,428
Residential real estate
Senior lien	431,305		1,708		6,860		574		440,447
Junior lien	49,446		206		2,255		—		51,907
Total residential real estate	480,751		1,914		9,115		574		492,354
Consumer	28,234		—		255		7		28,496
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Covered loans excluded from ASC 310-30	33,346		3,637		26,485		853		64,321
Non-covered loans excluded from ASC 310-30	955,398		36,105		49,761		237		1,041,501
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Loans accounted for under ASC 310-30
Commercial	26,903		3,078		42,161		1,184		73,326
Commercial real estate	145,617		29,644		227,927		6,173		409,361
Agriculture	30,217		2,135		9,769		—		42,121
Residential real estate	50,147		6,381		25,251		—		81,779
Consumer	9,449		583		846		—		10,878
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Covered loans accounted for under ASC 310-30	143,764		28,616		210,880		6,224		389,484
Non-covered loans accounted for under ASC 310-30	118,569		13,205		95,074		1,133		227,981
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287
Total covered	$	177,110	$	32,253	$	237,365	$	7,077	$	453,805
Total non-covered	1,073,967		49,310		144,835		1,370		1,269,482
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287

	Total Loans December 31, 2012
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	137,537	$	9,776	$	38,696	$	1,410	$	187,419
Commercial real estate
Construction	3,915		—		—		—		3,915
Acquisition/development	6,727		—		3,706		—		10,433
Multifamily	8,409		3,798		1,201		13		13,421
Owner-occupied	44,129		4,006		9,632		—		57,767
Non owner-occupied	104,307		29,394		19,411		316		153,428
Total commercial real estate	167,487		37,198		33,950		329		238,964
Agriculture	120,471		1,359		3,844		—		125,674
Residential real estate
Senior lien	365,571		2,240		8,106		531		376,448
Junior lien	48,359		251		2,214		5		50,829
Total residential real estate	413,930		2,491		10,320		536		427,277
Consumer	31,050		—		276		21		31,347
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Covered loans excluded from ASC 310-30	32,117		9,974		36,427		1,756		80,274
Non-covered loans excluded from ASC 310-30	838,358		40,850		50,659		540		930,407
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Loans accounted for under ASC 310-30
Commercial	29,719		3,628		42,101		7,721		83,169
Commercial real estate	162,122		60,787		329,869		13,257		566,035
Agriculture	34,599		1,242		11,892		—		47,733
Residential real estate	57,697		6,614		41,789		—		106,100
Consumer	14,489		723		3,772		—		18,984
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Covered loans accounted for under ASC 310-30	159,430		57,056		292,174		19,288		527,948
Non-covered loans accounted for under ASC 310-30	139,196		15,938		137,249		1,690		294,073
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702
Total covered	$	191,547	$	67,030	$	328,601	$	21,044	$	608,222
Total non-covered	977,554		56,788		187,908		2,230		1,224,480
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702

Additional Information Regarding Impaired Loans

The table below shows additional information regarding impaired loans at June 30, 2012 (in thousands):

	Impaired Loans June 30, 2012
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	20,623	$	10,420	$	—	$	12,607	$	91
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	14,449		13,820		—		13,818		166
Multifamily	198		191		—		191		—
Owner-occupied	5,336		5,042		—		5,111		37
Non owner-occupied	10,273		9,387		—		9,748		16
Total commercial real estate	30,256		28,440		—		28,868		219
Agriculture	43		40		—		42		—
Residential real estate
Senior lien	3,393		3,081		—		3,143		4
Junior lien	285		259		—		267		—
Total residential real estate	3,678		3,340		—		3,410		4
Consumer	16		16		—		16		—
Total impaired loans with no related allowance recorded	54,616		42,256		—		44,943		314
With a related allowance recorded:
Commercial	2,013		2,011		1,165		2,052		10
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	372		358		137		358		—
Non owner-occupied	3,818		3,678		181		3,702		6
Total commercial real estate	4,190		4,036		318		4,060		6
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	1,574		1,557		410		1,580		29
Junior lien	—		—		—		—		—
Total residential real estate	1,574		1,557		410		1,580		29
Consumer	—		—		—		—		—
Total impaired loans with a related allowance recorded	7,777		7,604		1,893		7,692		45
Total impaired loans	$	62,393	$	49,860	$	1,893	$	52,635	$	359

Additional information regarding impaired loans at June 30, 2013 is set forth in the table below (in thousands):

	Impaired Loans June 30, 2013
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	7,619	$	7,606	$	—	$	8,079	$	218
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	4,301		4,017		—		4,086		154
Non-owner occupied	6,275		4,953		—		5,312		—
Total commercial real estate	10,576		8,970		—		9,398		154
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	628		619		—		620		2
Junior lien	—		—		—		—		—
Total residential real estate	628		619		—		620		2
Consumer	—		—		—		—		—
Total impaired loans with no related allowance recorded	18,823		17,195		—		18,097		374
With a related allowance recorded:
Commercial	6,709		1,677		296		1,708		6
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		1		—		—		—
Multifamily	191		186		37		193		—
Owner-occupied	996		793		7		808		7
Non-owner occupied	906		760		5		765		7
Total commercial real estate	2,093		1,740		49		1,766		14
Agriculture	224		206		1		204		—
Residential real estate
Senior lien	7,830		7,070		610		7,166		42
Junior lien	1,704		1,509		17		1,523		25
Total residential real estate	9,534		8,579		627		8,689		67
Consumer	328		307		8		323		2
Total impaired loans with a related allowance recorded	18,888		12,509		981		12,690		89
Total impaired loans	$	37,711	$	29,704	$	981	$	30,787	$	463

Additional Information Related to Accruing TDR's

The table below provides additional information related to accruing TDR’s at June 30, 2013 and December 31, 2012 (in thousands):

	Accruing TDR’s
	June 30, 2013
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,484	$	11,848	$	11,752	$	165
Commercial real estate	436		437		442		1,426
Agriculture	—		—		—		—
Residential real estate	2,903		2,930		2,913		21
Consumer	47		49		47		—
Total	$	14,870	$	15,264	$	15,154	$	1,612

	Accruing TDR’s
	December 31, 2012
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,474	$	13,171	$	11,794	$	6,908
Commercial real estate	3,597		3,708		3,734		—
Agriculture	—		—		—		—
Residential real estate	2,458		2,469		2,460		35
Consumer	191		195		191		—
Total	$	17,720	$	19,543	$	18,179	$	6,943

Summary of Company's Carrying Value of Non-Accrual TDR's

The following table summarizes the Company’s carrying value of non-accrual TDR’s as of June 30, 2013 and December 31, 2012 (in thousands):

	Non - Accruing TDR’s
	June 30, 2013				December 31, 2012
	Covered		Non-covered		Covered		Non-covered
Commercial	$	104	$	643	$	1,736	$	1,215
Commercial real estate	186		4,953		313		6,823
Agriculture	—		—		—		21
Residential real estate	1,434		619		1,514		958
Consumer	—		256		—		291
Total	$	1,724	$	6,471	$	3,563	$	9,308

Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield

The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during the six months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013			June 30, 2012
Accretable yield beginning balance	$	133,585		$	186,494
Reclassification from non-accretable difference	37,725			29,483
Reclassification to non-accretable difference	(2,755		)	(5,651		)
Accretion	(40,013		)	(52,244		)
Accretable yield ending balance	$	128,542		$	158,082

Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30

Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013			December 31, 2012
Contractual cash flows	$	1,199,710		$	1,444,279
Non-accretable difference	(453,703		)	(488,673		)
Accretable yield	(128,542		)	(133,585		)
Loans accounted for under ASC 310-30	$	617,465		$	822,021

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-Sale Investment Securities

Available-for-sale investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset backed securities	$	43,568	$	10	$	—		$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	553,871		8,376		(2,112		)	560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,456,908		12,706		(27,210		)	1,442,404
Other securities	419		—		—			419
Total	$	2,054,766	$	21,092	$	(29,322	)	$	2,046,536

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	300	$	—	$	—		$	300
Asset backed securities	89,881		122		—			90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	658,169		19,849		(1		)	678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	931,979		17,630		(320		)	949,289
Other securities	419		—		—			419
Total	$	1,680,748	$	37,601	$	(321	)	$	1,718,028

Summary of Unrealized Losses

The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period (in thousands):

	June 30, 2013
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	264,915	$	(2,111	)	$	15	$	(1	)	$	264,930	$	(2,112	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,010,827		(27,210		)	—		—			1,010,827		(27,210		)
Total	$	1,275,742	$	(29,321	)	$	15	$	(1	)	$	1,275,757	$	(29,322	)

	December 31, 2012
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	17	$	—		$	8	$	(1	)	$	25	$	(1	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	130,686		(320		)	—		—			130,686		(320		)
Total	$	130,703	$	(320	)	$	8	$	(1	)	$	130,711	$	(321	)

Scheduled Contractual Maturities Of Investment Securities Available For Sale Table [Text Block]

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the available-for-sale investment portfolio as of June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	43,576		43,586
Due after five years through ten years	220,611		219,889
Due after ten years	1,790,160		1,782,642
Other securities	419		419
Total investment securities available-for-sale	$	2,054,766	$	2,046,536

Summary of Held-to-Maturity Investment Securities

Held-to-maturity investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	509,690	$	—	$	(3,528	)	$	506,162
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	82,971		—		(2,303		)	80,668
Total investment securities held-to-maturity	$	592,661	$	—	$	(5,831	)	$	586,830

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	577,486	$	7,065	$	—	$	584,551
Total investment securities held-to-maturity	$	577,486	$	7,065	$	—	$	584,551

Summary of Contractual Maturities Held-to-Maturity of Investment Portfolio

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the held-to-maturity investment portfolio at June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	—		—
Due after ten years	592,661		586,830
Other securities	—		—
Total investment securities held-to-maturity	$	592,661	$	586,830

XML

Loans Impaired Loans Narrative (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Debt Instrument [Line Items]
Collective related allowance for loan losses for impaired loans	$ 1,000,000		$ 1,900,000
Impaired loans	9,200,000
Recorded investment of impaired loans	29,700,000		49,900,000
Impaired loans which were covered by FDIC loss sharing agreement	453,805,000	608,222,000	7,800,000
Discounted Cash Flows [Member]
Debt Instrument [Line Items]
Impaired loans	15,400,000
Fair Value Of Collateral Pledged [Member]
Debt Instrument [Line Items]
Impaired loans	5,100,000
General Reserve [Member]
Debt Instrument [Line Items]
Impaired loans	250,000
Covered [Member]
Debt Instrument [Line Items]
Impaired loans which were covered by FDIC loss sharing agreement	$ 9,800,000

XML

Stock-based Compensation and Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Schedule Of Weighted Average Assumptions Using Black-Scholes option-Pricing Model

The expense associated with the awarded stock options was measured at fair value using a Black-Scholes option-pricing model using the following weighted average assumptions:

	Black-Scholes
Risk-free interest rate	1.02	%
Expected volatility	31.85	%
Expected term (years)	6.70
Dividend yield	1.11	%

Summary of Option Activity

The following table summarizes option activity for the six months ended June 30, 2013:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding at December 31, 2012	3,471,665		$	19.98	6.94	$	22,800.00
Granted during the six months ended June 30, 2013	148,350		18.28
Forfeited	(27,990	)	19.80
Exercised	—		—
Outstanding at June 30, 2013	3,592,025		$	19.91	6.40	$	254,961.70
Options fully vested and exercisable at June 30, 2013	2,588,832		$	20.00	6.46	$	—
Options expected to vest	974,140		$	19.71	6.61	$	231,670.53

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for the six months ended June 30, 2013:

	Total Restricted Shares		Weighted Average Grant-Date Fair Value
Unvested at December 31, 2012	951,668		$	14.79
Granted	136,768		18.09
Forfeited	(1,992	)	18.09
Unvested at June 30, 2013	1,086,444		$	15.20

XML

Investment Securities (Summary of Available-for-Sale Investment Securities) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost	$ 2,054,766	$ 1,680,748
Gross Unrealized Gains	21,092	37,601
Gross Unrealized Losses	(29,322)	(321)
Fair Value	2,046,536	1,718,028
U.S. Treasury Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost		300
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		300
Asset Backed Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost	43,568	89,881
Gross Unrealized Gains	10	122
Gross Unrealized Losses	0	0
Fair Value	43,578	90,003
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost	553,871	658,169
Gross Unrealized Gains	8,376	19,849
Gross Unrealized Losses	(2,112)	(1)
Fair Value	560,135	678,017
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost	1,456,908	931,979
Gross Unrealized Gains	12,706	17,630
Gross Unrealized Losses	(27,210)	(320)
Fair Value	1,442,404	949,289
Other Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized Cost	419	419
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 419	$ 419

XML

Loans (Loan Delinquency) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Loans [Line Items]
Total loans	$ 1,723,287	$ 1,832,702	$ 1,978,003
Commercial Loan [Member]
Loans [Line Items]
Total loans	277,215	270,588	283,764
Commercial Real Estate [Member]
Loans [Line Items]
Total loans	677,016	804,999	965,916
Agriculture [Member]
Loans [Line Items]
Total loans	155,549	173,407	147,043
Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	574,133	533,377	519,468
Consumer [Member]
Loans [Line Items]
Total loans	39,374	50,331	61,812
Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,105,822	1,010,681
Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	203,889	187,419
Non ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	267,655	238,964
Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	113,428	125,674
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	492,354	427,277
Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	28,496	31,347
ASC 310-30 [Member]
Loans [Line Items]
Total loans	617,465	822,021
ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	73,326	83,169
ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	409,361	566,035
ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	42,121	47,733
ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	81,779	106,100
ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	10,878	18,984
Covered [Member]
Loans [Line Items]
Total loans	453,805	608,222
Covered [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	64,321	80,274
Covered [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	389,484	527,948
Non-Covered [Member]
Loans [Line Items]
Total loans	1,269,482	1,224,480
Non-Covered [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,041,501	930,407
Non-Covered [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	227,981	294,073
Total Loans [Member]
Loans [Line Items]
30-59 days past due	10,498	18,185
60-89 days past due	10,941	5,624
Greater than 90 days past due	100,561	156,063
Total past due	122,000	179,872
Current	1,601,287	1,652,830
Total loans	1,723,287	1,832,702
Loans 90 days past due and still accruing	93,169	146,786
Non- accrual	32,865	23,119
Total Loans [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
30-59 days past due	3,435	4,813
60-89 days past due	823	583
Greater than 90 days past due	7,340	9,302
Total past due	11,598	14,698
Current	1,094,224	995,983
Total loans	1,105,822	1,010,681
Loans 90 days past due and still accruing	25	25
Non- accrual	14,204	23,119
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
30-59 days past due	0	0
60-89 days past due	0	0
Greater than 90 days past due	0	0
Total past due	0	0
Current	6,516	3,915
Total loans	6,516	3,915
Loans 90 days past due and still accruing	0	0
Non- accrual	0	0
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
30-59 days past due	47	1,948
60-89 days past due	404	0
Greater than 90 days past due	0	0
Total past due	451	1,948
Current	10,727	8,485
Total loans	11,178	10,433
Loans 90 days past due and still accruing	0	0
Non- accrual	1	75
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
30-59 days past due	935	0
60-89 days past due	0	0
Greater than 90 days past due	0	34
Total past due	935	34
Current	7,802	13,387
Total loans	8,737	13,421
Loans 90 days past due and still accruing	0	0
Non- accrual	186	237
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
30-59 days past due	71	97
60-89 days past due	172	106
Greater than 90 days past due	106	1,074
Total past due	349	1,277
Current	70,106	56,490
Total loans	70,455	57,767
Loans 90 days past due and still accruing	0	0
Non- accrual	893	3,365
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
30-59 days past due	138	0
60-89 days past due	0	122
Greater than 90 days past due	4,713	5,123
Total past due	4,851	5,245
Current	165,918	148,183
Total loans	170,769	153,428
Loans 90 days past due and still accruing	0	0
Non- accrual	5,277	7,992
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
30-59 days past due	1,191	2,045
60-89 days past due	576	228
Greater than 90 days past due	4,819	6,231
Total past due	6,586	8,504
Current	261,069	230,460
Total loans	267,655	238,964
Loans 90 days past due and still accruing	0	0
Non- accrual	6,357	11,669
Total Loans [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
30-59 days past due	1,149	1,261
60-89 days past due	102	119
Greater than 90 days past due	1,417	1,825
Total past due	2,668	3,205
Current	437,779	373,243
Total loans	440,447	376,448
Loans 90 days past due and still accruing	0	22
Non- accrual	5,214	5,815
Total Loans [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
30-59 days past due	151	181
60-89 days past due	47	0
Greater than 90 days past due	220	110
Total past due	418	291
Current	51,489	50,538
Total loans	51,907	50,829
Loans 90 days past due and still accruing	0	0
Non- accrual	458	593
Total Loans [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
30-59 days past due	393	75
60-89 days past due	56	51
Greater than 90 days past due	688	2,062
Total past due	1,137	2,188
Current	63,184	78,086
Total loans	64,321	80,274
Loans 90 days past due and still accruing	0	0
Non- accrual	2,747	6,045
Total Loans [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
30-59 days past due	3,042	4,738
60-89 days past due	767	532
Greater than 90 days past due	6,652	7,240
Total past due	10,461	12,510
Current	1,031,040	917,897
Total loans	1,041,501	930,407
Loans 90 days past due and still accruing	25	25
Non- accrual	11,457	17,074
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
30-59 days past due	604	846
60-89 days past due	81	148
Greater than 90 days past due	879	1,122
Total past due	1,564	2,116
Current	202,325	185,303
Total loans	203,889	187,419
Loans 90 days past due and still accruing	20	0
Non- accrual	1,714	4,500
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
30-59 days past due	20	33
60-89 days past due	0	40
Greater than 90 days past due	0	11
Total past due	20	84
Current	113,408	125,590
Total loans	113,428	125,674
Loans 90 days past due and still accruing	0	0
Non- accrual	205	251
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
30-59 days past due	1,300	1,442
60-89 days past due	149	119
Greater than 90 days past due	1,637	1,935
Total past due	3,086	3,496
Current	489,268	423,781
Total loans	492,354	427,277
Loans 90 days past due and still accruing	0	22
Non- accrual	5,672	6,408
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
30-59 days past due	320	447
60-89 days past due	17	48
Greater than 90 days past due	5	3
Total past due	342	498
Current	28,154	30,849
Total loans	28,496	31,347
Loans 90 days past due and still accruing	5	3
Non- accrual	256	291
Total Loans [Member] | ASC 310-30 [Member]
Loans [Line Items]
30-59 days past due	7,063	13,372
60-89 days past due	10,118	5,041
Greater than 90 days past due	93,221	146,761
Total past due	110,402	165,174
Current	507,063	656,847
Total loans	617,465	822,021
Loans 90 days past due and still accruing	93,144	146,761
Non- accrual	18,661	0
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
30-59 days past due	746	521
60-89 days past due	123	563
Greater than 90 days past due	5,401	5,621
Total past due	6,270	6,705
Current	67,056	76,464
Total loans	73,326	83,169
Loans 90 days past due and still accruing	5,324	5,621
Non- accrual	18,661	0
Total Loans [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
30-59 days past due	2,600	10,060
60-89 days past due	9,078	3,928
Greater than 90 days past due	81,618	129,656
Total past due	93,296	143,644
Current	316,065	422,391
Total loans	409,361	566,035
Loans 90 days past due and still accruing	81,618	129,656
Non- accrual	0	0
Total Loans [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
30-59 days past due	2,154	1,247
60-89 days past due	0	16
Greater than 90 days past due	2,688	2,768
Total past due	4,842	4,031
Current	37,279	43,702
Total loans	42,121	47,733
Loans 90 days past due and still accruing	2,688	2,768
Non- accrual	0	0
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
30-59 days past due	1,410	1,247
60-89 days past due	817	207
Greater than 90 days past due	3,453	5,463
Total past due	5,680	6,917
Current	76,099	99,183
Total loans	81,779	106,100
Loans 90 days past due and still accruing	3,453	5,463
Non- accrual	0	0
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
30-59 days past due	153	297
60-89 days past due	100	327
Greater than 90 days past due	61	3,253
Total past due	314	3,877
Current	10,564	15,107
Total loans	10,878	18,984
Loans 90 days past due and still accruing	61	3,253
Non- accrual	0	0
Total Loans [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
30-59 days past due	2,781	9,855
60-89 days past due	6,357	3,613
Greater than 90 days past due	75,461	116,883
Total past due	84,599	130,351
Current	304,885	397,597
Total loans	389,484	527,948
Loans 90 days past due and still accruing	75,384	116,883
Non- accrual	18,661	0
Total Loans [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
30-59 days past due	4,282	3,517
60-89 days past due	3,761	1,428
Greater than 90 days past due	17,760	29,878
Total past due	25,803	34,823
Current	202,178	259,250
Total loans	227,981	294,073
Loans 90 days past due and still accruing	17,760	29,878
Non- accrual	0	0
Total Loans [Member] | Covered [Member]
Loans [Line Items]
30-59 days past due	3,174	9,930
60-89 days past due	6,413	3,664
Greater than 90 days past due	76,149	118,945
Total past due	85,736	132,539
Current	368,069	475,683
Total loans	453,805	608,222
Loans 90 days past due and still accruing	75,384	116,883
Non- accrual	21,408	6,045
Total Loans [Member] | Non-Covered [Member]
Loans [Line Items]
30-59 days past due	7,324	8,255
60-89 days past due	4,528	1,960
Greater than 90 days past due	24,412	37,118
Total past due	36,264	47,333
Current	1,233,218	1,177,147
Total loans	1,269,482	1,224,480
Loans 90 days past due and still accruing	17,785	29,903
Non- accrual	11,457	17,074
Total Loans [Member] | Covered And Non-covered [Member]
Loans [Line Items]
30-59 days past due	10,498	18,185
60-89 days past due	10,941	5,624
Greater than 90 days past due	100,561	156,063
Total past due	122,000	179,872
Current	1,601,287	1,652,830
Total loans	1,723,287	1,832,702
Loans 90 days past due and still accruing	93,169	146,786
Non- accrual	$ 32,865	$ 23,119

XML

Deposits (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Summary of Time Deposits Based Upon Contractual Maturity

The following table summarizes the Company’s time deposits, based upon contractual maturity, at June 30, 2013 and December 31, 2012, by remaining maturity (in thousands):

	June 30, 2013				December 31, 2012
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
Three months or less	$	329,163	0.65	%	$	356,446	0.78	%
Over 3 months through 6 months	339,916		0.59	%	259,097		0.68	%
Over 6 months through 12 months	514,388		0.60	%	583,209		0.67	%
Over 12 months through 24 months	248,386		0.92	%	373,283		0.88	%
Over 24 months through 36 months	102,572		1.60	%	111,599		1.77	%
Over 36 months through 48 months	39,018		1.67	%	43,967		1.83	%
Over 48 months through 60 months	18,538		1.35	%	19,278		1.44	%
Thereafter	4,985		1.82	%	5,839		2.32	%
Total time deposits	$	1,596,966	0.76	%	$	1,752,718	0.85	%

Schedule of Interest Expense on Deposits

The Company incurred interest expense on deposits as follows during the periods indicated (in thousands):

	For the three months ended				For the six months ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
Interest bearing demand deposits	$	180	$	308	$	379	$	735
Money market accounts	827		980		1,662		2,072
Savings accounts	54		76		114		161
Time deposits	3,110		6,536		6,527		14,535
Total	$	4,171	$	7,900	$	8,682	$	17,503

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Deposits (Schedule of Interest Expense on Deposits) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Banking and Thrift [Abstract]
Interest bearing demand deposits	$ 180	$ 308	$ 379	$ 735
Money market accounts	827	980	1,662	2,072
Savings accounts	54	76	114	161
Time deposits	3,110	6,536	6,527	14,535
Total	$ 4,171	$ 7,900	$ 8,682	$ 17,503

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Income Per Share (Narrative) (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Shares outstanding	51,377,198	52,191,239
Outstanding stock options to purchase common stock	3,592,025	3,473,332
Outstanding stock options to purchase common stock, per share	$ 19.91	$ 20.00
Outstanding warrants	830,750
Exercise price of warrants	$ 20.00
Restricted shares outstanding	1,086,444	1,174,792

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Deposits (Summary of Time Deposits Based Upon Contractual Maturity) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Banking and Thrift [Abstract]
Time Deposits - Three months or less	$ 329,163	$ 356,446
Time Deposits - Over 3 months through 6 months	339,916	259,097
Time Deposits - Over 6 months through 12 months	514,388	583,209
Time Deposits - Over 12 months through 24 months	248,386	373,283
Time Deposits - Over 24 months through 36 months	102,572	111,599
Time Deposits - Over 36 months through 48 months	39,018	43,967
Time Deposits - Over 48 months through 60 months	18,538	19,278
Time Deposits - Thereafter	4,985	5,839
Total time deposits	$ 1,596,966	$ 1,752,718
Three months or less, Weighted Average Rate	0.65%	0.78%
Over 3 months through 6 months, Weighted Average Rate	0.59%	0.68%
Over 6 months through 12 months, Weighted Average Rate	0.60%	0.67%
Over 12 months through 24 months, Weighted Average Rate	0.92%	0.88%
Over 24 months through 36 months, Weighted Average Rate	1.60%	1.77%
Over 36 months through 48 months, Weighted Average Rate	1.67%	1.83%
Over 48 months through 60 months, Weighted Average Rate	1.35%	1.44%
Thereafter, Weighted Average Rate	1.82%	2.32%
Total time deposits, Weighted Average Rate	0.76%	0.85%

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Investment Securities (Summary of Held-to-maturity Investment Securities) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 592,661	$ 577,486
Gross Unrealized Gains	0	7,065
Gross Unrealized Losses	(5,831)	0
Fair Value	586,830	584,551
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	509,690	577,486
Gross Unrealized Gains	0	7,065
Gross Unrealized Losses	(3,528)	0
Fair Value	506,162	584,551
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	82,971
Gross Unrealized Gains	0
Gross Unrealized Losses	(2,303)
Fair Value	$ 80,668

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Stock-Based Compensation and Employee Benefits (Summary of Option Activity) (Detail) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding Options, beginning	3,471,665
Granted, Options	148,350
Forfeited, Options	(27,990)
Exercised, Options	0
Outstanding Options, ending	3,592,025	3,471,665
Outstanding, Weighted Average Exercise Price, beginning	$ 19.98
Granted, Weighted Average Exercise Price	$ 18.28
Forfeited, Weighted Average Exercise Price	$ 19.80
Exercised, Weighted Average Exercise Price	$ 0
Outstanding, Weighted Average Exercised Price, ending	$ 19.91	$ 19.98
Outstanding, Weighted Average Remaining Contractual Term in Years, beginning	6 years 4 months 24 days	6 years 11 months 9 days
Outstanding, Weighted Average Remaining Contractual Term in Years, ending	6 years 4 months 24 days	6 years 11 months 9 days
Outstanding, Aggregate Intrinsic Value, beginning	$ 22,800.00
Outstanding, Aggregate Intrinsic Value, ending	254,961.70	22,800.00
Options fully vested and exercisable at June 30, 2013, Options	2,588,832
Options expected to vest, Options	974,140
Options fully vested and exercisable at June 30, 2013, Weighted Average Exercise Price	$ 20.00
Options expected to vest, Weighted Average Exercise Price	$ 19.71
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	6 years 5 months 16 days
Options expected to vest, Weighted Average Remaining Contractual Term in Years	6 years 7 months 10 days
Aggregate intrinsic Value of Options fully vested and exercisable at June 30, 2013	0.00
Options expected to vest, Aggregate Intrinsic Value	$ 231,670.53

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Recent Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income—In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02, Comprehensive Income-Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Entities are also required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required to be reclassified to net income in its entirety in the same accounting period. Other amounts that are not required to be reclassified to net income are to be cross-referenced to other disclosures that provide additional detail about those amounts. The Company was required to adopt this update in 2013 with retrospective application. Adoption of this update affects the presentation of the components of comprehensive income in the Company’s financial statements, but did not have an impact on the Company’s consolidated statements of financial condition, results of operations or liquidity.

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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Tax benefit (expense) on net unrealized gains (losses) arising during the period	$ 15,838	$ (1,549)	$ 17,711	$ (847)
Tax effect on reclassification adjustment for net securities gains included in net income				263
Reclassification adjustment for net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity, net of tax				15,159
Tax effect of unrealized holding gains on securities transferred				15,159
Tax benefit of amortization of net unrealized holding gains to income	$ 987	$ 1,182	$ 2,205	$ 1,182

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2013
Statement of Stockholders' Equity [Abstract]
Dividends paid per share	$ 0.10

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income—In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02, Comprehensive Income-Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Entities are also required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required to be reclassified to net income in its entirety in the same accounting period. Other amounts that are not required to be reclassified to net income are to be cross-referenced to other disclosures that provide additional detail about those amounts. The Company was required to adopt this update in 2013 with retrospective application. Adoption of this update affects the presentation of the components of comprehensive income in the Company’s financial statements, but did not have an impact on the Company’s consolidated statements of financial condition, results of operations or liquidity.

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Income Per Share (Schedule of Computation of Basic and Diluted Income Per Share) (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Distributed earnings	$ 2,649	$ 0	$ 5,312	$ 0
Undistributed earnings (distributions in excess of earnings)	249	2,702	(332)	4,345
Net income	2,898	2,702	4,980	4,345
Less: earnings allocated to participating securities	(7)	0	(7)	0
Income available to common stockholders (numerator)	$ 2,891	$ 2,702	$ 4,973	$ 4,345
Weighted average common shares outstanding (denominator)	52,055,434	52,191,239	52,187,295	52,184,051
Dilutive effect of equity awards	25,892	127,931	25,898	127,297
Weighted average shares applicable to diluted earnings per share (denominator)	52,081,326	52,319,170	52,213,193	52,311,348
Income per share—basic (in dollars per share)	$ 0.06	$ 0.05	$ 0.10	$ 0.08
Income per share—diluted (in dollars per share)	$ 0.06	$ 0.05	$ 0.10	$ 0.08

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income	$ 4,980	$ 4,345
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	3,087	20,062
Depreciation and amortization	7,683	5,596
Gain on sale of securities, net	0	(674)
Current income tax expense	3,721	0
Deferred income tax benefit	(10,445)	(2,965)
Discount accretion, net of premium amortization	10,274	2,375
Loan accretion	(46,210)	(66,135)
Net gain on sale of mortgage loans	(780)	(603)
Origination of loans held for sale	(32,678)	(26,893)
Proceeds from sales of loans held for sale	31,734	26,476
Amortization of indemnification asset	7,635	6,333
Gain on the sale of other real estate owned, net	(3,932)	(4,040)
Impairment on other real estate owned	7,148	7,213
Stock-based compensation	2,667	4,258
Decrease in due to FDIC, net	(26)	(33,981)
Decrease (increase) in other assets	(3,530)	(1,261)
Decrease in other liabilities	(3,995)	(26,349)
Net cash used in operating activities	(22,667)	(86,243)
Cash flows from investing activities:
Purchase of FHLB of Des Moines stock	0	(4,018)
Sale of FHLB stock	1,221	0
Purchase of FRB stock	0	59
Sales of investment securities available-for-sale	0	20,794
Maturities of investment securities held-to-maturity	107,338	53,156
Maturities of investment securities available-for-sale	314,954	220,487
Purchase of investment securities held-to-maturity	(127,784)	(2,234)
Purchase of investment securities available-for-sale	(693,977)	(936,281)
Increase in securities purchased under agreements to resell	(100,000)	0
Net decrease in loans	124,430	304,587
Purchase of premises and equipment	(4,320)	(33,831)
Proceeds from sales of other real estate owned	37,672	35,851
Decrease in FDIC indemnification asset	63,052	27,715
Net cash used in investing activities	(277,414)	(313,715)
Cash flows from financing activities:
Net decrease in deposits	(212,992)	(533,504)
Increase in repurchase agreements	69,194	9,911
Payment of dividends	(5,217)	0
Repurchase of shares	(17,328)	0
Net cash used in financing activities	(166,343)	(523,593)
Decrease in cash and cash equivalents	(466,424)	(923,551)
Cash and cash equivalents at beginning of the year	769,180	1,628,137
Cash and cash equivalents at end of period	302,756	704,586
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	9,241	22,048
Cash paid during the period for taxes	9,892	20,441
Supplemental schedule of non-cash investing activities:
Loans transferred to other real estate owned at fair value	25,379	56,100
FDIC indemnification asset claims transferred to other assets	21,049	74,075
Available-for-sale investment securities transferred to investment securities held-to-maturity	$ 0	$ 754,063

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Investment Securities (Summary of Unrealized Losses) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	$ 1,275,742	$ 130,703
Less than 12 months Unrealized Losses	(29,321)	(320)
12 months or more, Fair Value	15	8
12 months or more, Unrealized Losses	(1)	(1)
Total, Fair Value	1,275,757	130,711
Total Unrealized losses	(29,322)	(321)
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	264,915	17
Less than 12 months Unrealized Losses	(2,111)	0
12 months or more, Fair Value	15	8
12 months or more, Unrealized Losses	(1)	(1)
Total, Fair Value	264,930	25
Total Unrealized losses	(2,112)	(1)
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	1,010,827	130,686
Less than 12 months Unrealized Losses	(27,210)	(320)
12 months or more, Fair Value	0	0
12 months or more, Unrealized Losses	0	0
Total, Fair Value	1,010,827	130,686
Total Unrealized losses	$ (27,210)	$ (320)

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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Summary of Company's Allowance for Loan Losses ("ALL") and Recorded Investment in Loans

The tables below detail the Company’s allowance for loan losses (“ALL”) and recorded investment in loans as of and for the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	3,286		$	2,975		$	793		$	5,342		$	493		$	12,889
Non 310-30 beginning balance	2,875			2,492			524			4,356			493			10,740
Charge-offs	(624		)	(684		)	—			(549		)	(208		)	(2,065		)
Recoveries	86			112			13			27			72			310
Provision	(97		)	193			(42		)	499			114			667
Non 310-30 ending balance	2,240			2,113			495			4,333			471			9,652
310-30 beginning balance	411			483			269			986			—			2,149
Charge-offs	(407		)	16			—			(566		)	—			(957		)
Recoveries	—			—			—			—			—			—
Provision	42			(193		)	—			1,154			—			1,003
310-30 ending balance	46			306			269			1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764		$	5,907		$	471		$	11,847

	Six months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture		Residential real estate			Consumer			Total
Beginning balance	$	2,798		$	7,396		$	592	$	4,011		$	583		$	15,380
Non 310-30 beginning balance	2,798			3,056			323		4,011			540			10,728
Charge-offs	(1,253		)	(943		)	—		(624		)	(441		)	(3,261		)
Recoveries	95			112			13		41			149			410
Provision	600			(112		)	159		905			223			1,775
Non 310-30 ending balance	2,240			2,113			495		4,333			471			9,652
310-30 beginning balance	—			4,340			269		—			43			4,652
Charge-offs	(407		)	(2,796		)	—		(566		)	—			(3,769		)
Recoveries	—			—			—		—			—			—
Provision	453			(1,238		)	—		2,140			(43		)	1,312
310-30 ending balance	46			306			269		1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	296		$	49		$	1	$	627		$	8		$	981
Non 310-30 loans collectively evaluated for impairment	1,944			2,064			494		3,706			463			8,671
310-30 loans	46			306			269		1,574			—			2,195
Total ending allowance balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Loans:
Non 310-30 individually evaluated for impairment	$	9,283		$	10,710		$	206	$	9,198		$	307		$	29,704
Non 310-30 collectively evaluated for impairment	194,606			256,945			113,222		483,156			28,189			1,076,118
310-30 loans	73,326			409,361			42,121		81,779			10,878			617,465
Total loans	$	277,215		$	677,016		$	155,549	$	574,133		$	39,374		$	1,723,287

	Three months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	4,371		$	3,641		$	166		$	3,645		$	585		$	12,408
Non 310-30 beginning balance	1,889			3,110			166			3,363			553			9,081
Charge-offs	(127		)	(241		)	(8		)	(430		)	(203		)	(1,009		)
Recoveries	—			101			—			72			20			193
Provision	(37		)	608			126			808			265			1,770
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	2,482			531			—			282			32			3,327
Charge-offs	(176		)	(6,613		)	—			(144		)	(19		)	(6,952		)
Recoveries	155			273			—			—			—			428
Provision	(868		)	10,028			376			921			(1		)	10,456
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294

	Six months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	2,959		$	3,389		$	282		$	4,121		$	776		$	11,527
Non 310-30 beginning balance	1,597			3,389			154			3,423			776			9,339
Charge-offs	(2,759		)	(2,413		)	(8		)	(464		)	(595		)	(6,239		)
Recoveries	—			219			—			96			293			608
Provision	2,887			2,383			138			758			161			6,327
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	1,362			—			128			698			—			2,188
Charge-offs	(215		)	(8,143		)	—			(560		)	(19		)	(8,937		)
Recoveries	—			273			—			—			—			273
Provision	446			12,089			248			921			31			13,735
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	1,165		$	318		$	—		$	410		$	—		$	1,893
Non 310-30 loans collectively evaluated for impairment	560			3,260			284			3,403			635			8,142
310-30 loans	1,593			4,219			376			1,059			12			7,259
Total ending allowance balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Loans:
Non 310-30 individually evaluated for impairment	$	12,431		$	32,476		$	40		$	4,897		$	16		$	49,860
Non 310-30 collectively evaluated for impairment	153,622			226,768			87,864			371,139			28,318			867,711
310-30 loans	117,711			706,672			59,139			143,432			33,478			1,060,432
Total loans	$	283,764		$	965,916		$	147,043		$	519,468		$	61,812		$	1,978,003

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Regulatory Capital (Tables)

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements

At June 30, 2013 and December 31, 2012, as applicable, NBH Bank, N.A. and the consolidated holding company exceeded all capital ratio requirements under prompt corrective action or other regulatory requirements, as is detailed in the table below (dollars in thousands):

	June 30, 2013
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.7	%	$	950,460	N/A		N/A		4	%	$	203,435
NBH Bank, N.A.	17.3	%	861,541		10	%	$	498,299	4	%	199,320
Tier 1 risk-based capital ratio (2)
Consolidated	50.1	%	$	950,460	6	%	$	113,753	4	%	$	75,836
NBH Bank, N.A.	46.1	%	861,541		11	%	205,389		4	%	74,687
Total risk-based capital ratio (2)
Consolidated	50.8	%	$	963,108	10	%	$	189,589	8	%	$	151,671
NBH Bank, N.A.	46.8	%	874,189		12	%	224,061		8	%	149,374

	December 31, 2012
	Actual				Required to be considered well capitalized (1)				Required to be considered adequately capitalized
	Ratio		Amount		Ratio		Amount		Ratio		Amount
Tier 1 leverage ratio
Consolidated	18.2	%	$	962,779	N/A		N/A		4	%	$	211,439
NBH Bank, N.A.	16.4	%	851,365		10	%	$	518,244	4	%	207,298
Tier 1 risk-based capital ratio (2)
Consolidated	51.9	%	$	962,779	6	%	$	111,396	4	%	$	74,264
NBH Bank, N.A.	46.6	%	851,365		11	%	201,147		4	%	73,144
Total risk-based capital ratio (2)
Consolidated	52.7	%	$	978,535	10	%	$	185,659	8	%	$	148,527
NBH Bank, N.A.	47.4	%	867,121		12	%	219,433		8	%	146,289

(1) These ratio requirements are reflective of the agreements the Company has made with its various regulators in connection with the approval of the de novo charter for NBH Bank, N.A., as described above.

(2) Due to the conditional guarantee represented by the loss sharing agreements, the FDIC indemnification asset and covered assets are risk-weighted at 20% for purposes of risk-based capital computations.

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Common Stock (Narrative) (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Schedule Of Common Stock [Line Items]
Shares outstanding	51,377,198	52,327,672
Common Class A [Member]
Schedule Of Common Stock [Line Items]
Shares outstanding	45,409,579	46,368,483
Restricted issued but not yet vested, shares	1,086,444	951,668
Common Class B [Member]
Schedule Of Common Stock [Line Items]
Shares outstanding	5,967,619	5,959,189

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The fair value of financial instruments at June 30, 2013 and December 31, 2012, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below (in thousands):

		June 30, 2013				December 31, 2012
	Level in Fair Value Measurement Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
ASSETS:
Cash and cash equivalents	Level 1	$	302,756	$	302,756	$	769,180	$	769,180
Securities purchased under agreements to resell	Level 2	100,000		100,004		—		—
U.S. Treasury securities available-for-sale	Level 1	—		—		300		300
Asset backed securities available-for-sale	Level 2	43,578		43,578		90,003		90,003
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	560,135		560,135		678,017		678,017
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale	Level 2	1,442,404		1,442,404		949,289		949,289
Other securities	Level 3	419		419		419		419
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	509,690		506,162		577,486		584,551
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	Level 2	82,971		80,668		—		—
Capital stock of FHLB	Level 2	6,755		6,755		7,976		7,976
Capital stock of FRB	Level 2	25,020		25,020		25,020		25,020
Loans receivable, net	Level 3	1,711,440		1,717,300		1,817,322		1,829,987
Loans held-for-sale	Level 2	6,288		6,288		5,368		5,368
Accrued interest receivable	Level 2	11,596		11,596		12,673		12,673
LIABILITIES:
Deposit transaction accounts	Level 2	2,390,761		2,390,761		2,448,001		2,448,001
Time deposits	Level 2	1,596,966		1,601,250		1,752,718		1,759,886
Securities sold under agreements to repurchase	Level 2	122,879		122,795		53,685		53,686
Due to FDIC	Level 3	31,245		31,245		31,271		31,271
Warrant liability	Level 3	5,158		5,158		5,461		5,461
Accrued interest payable	Level 2	3,718		3,718		4,239		4,239

XML

Stock-based Compensation and Employee Benefits Stock-Based Compensation and Employee Benefits (Summary of Restricted Stock Activity) (Details) (Restricted Stock [Member], USD $)	6 Months Ended
	Jun. 30, 2013
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted Shares, Beginning (in shares)	951,668
Unvested Restricted Shares, Granted (in shares)	136,768
Unvested Restricted Shares, Forfeited (in shares)	(1,992)
Unvested Restricted Shares, Ending (in shares)	1,086,444
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant-Date Fair Value, Beginning (in dollars per share)	$ 14.79
Weighted Average Grant-Date Fair Value, Granted (in dollars per share)	$ 18.09
Weighted Average Grant-Date Fair Value, Forfeited (in dollars per share)	$ 18.09
Weighted Average Grant-Date Fair Value, Ending (in dollars per share)	$ 15.20

XML

Loans (Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Receivables [Abstract]
Contractual cash flows	$ 1,199,710	$ 1,444,279
Non-accretable difference	(453,703)	(488,673)
Accretable yield	(128,542)	(133,585)
Loans accounted for under ASC 310-30	$ 617,465	$ 822,021

XML

Loans (Credit Exposure for Loans as Determined by Company's Internal Risk Rating System) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Loans [Line Items]
Total loans	$ 1,723,287	$ 1,832,702	$ 1,978,003
Agriculture [Member]
Loans [Line Items]
Total loans	155,549	173,407	147,043
Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	574,133	533,377	519,468
Consumer [Member]
Loans [Line Items]
Total loans	39,374	50,331	61,812
Commercial Loan [Member]
Loans [Line Items]
Total loans	277,215	270,588	283,764
Commercial Real Estate [Member]
Loans [Line Items]
Total loans	677,016	804,999	965,916
Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,105,822	1,010,681
Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	113,428	125,674
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	492,354	427,277
Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	28,496	31,347
Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	203,889	187,419
Non ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	267,655	238,964
ASC 310-30 [Member]
Loans [Line Items]
Total loans	617,465	822,021
ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	42,121	47,733
ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	81,779	106,100
ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	10,878	18,984
ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	73,326	83,169
ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	409,361	566,035
Covered [Member]
Loans [Line Items]
Total loans	453,805	608,222
Covered [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	64,321	80,274
Covered [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	389,484	527,948
Non-Covered [Member]
Loans [Line Items]
Total loans	1,269,482	1,224,480
Non-Covered [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,041,501	930,407
Non-Covered [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	227,981	294,073
Total Loans [Member]
Loans [Line Items]
Total loans	1,723,287	1,832,702
Total Loans [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,105,822	1,010,681
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
Total loans	6,516	3,915
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
Total loans	11,178	10,433
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
Total loans	8,737	13,421
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
Total loans	70,455	57,767
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
Total loans	170,769	153,428
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
Total loans	267,655	238,964
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	113,428	125,674
Total Loans [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
Total loans	440,447	376,448
Total Loans [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
Total loans	51,907	50,829
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	492,354	427,277
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	28,496	31,347
Total Loans [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	64,321	80,274
Total Loans [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,041,501	930,407
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	203,889	187,419
Total Loans [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	617,465	822,021
Total Loans [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	42,121	47,733
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	81,779	106,100
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	10,878	18,984
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	73,326	83,169
Total Loans [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	409,361	566,035
Total Loans [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	389,484	527,948
Total Loans [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	227,981	294,073
Total Loans [Member] | Pass [Member]
Loans [Line Items]
Total loans	1,251,077	1,169,101
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	988,744	870,475
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
Total loans	6,516	3,915
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
Total loans	2,344	6,727
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
Total loans	7,587	8,409
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
Total loans	61,770	44,129
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
Total loans	134,175	104,307
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
Total loans	212,392	167,487
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	111,792	120,471
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
Total loans	431,305	365,571
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
Total loans	49,446	48,359
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	480,751	413,930
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	28,234	31,050
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	33,346	32,117
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	955,398	838,358
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	155,575	137,537
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	262,333	298,626
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	30,217	34,599
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	50,147	57,697
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	9,449	14,489
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	26,903	29,719
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	145,617	162,122
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	143,764	159,430
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	118,569	139,196
Total Loans [Member] | Special Mention [Member]
Loans [Line Items]
Total loans	81,563	123,818
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	39,742	50,824
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
Total loans	2,766	0
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
Total loans	0	3,798
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
Total loans	877	4,006
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
Total loans	27,283	29,394
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
Total loans	30,926	37,198
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	784	1,359
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
Total loans	1,708	2,240
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
Total loans	206	251
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	1,914	2,491
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	3,637	9,974
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	36,105	40,850
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	6,118	9,776
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	41,821	72,994
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	2,135	1,242
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	6,381	6,614
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	583	723
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	3,078	3,628
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	29,644	60,787
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	28,616	57,056
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	13,205	15,938
Total Loans [Member] | Substandard [Member]
Loans [Line Items]
Total loans	382,200	516,509
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	76,246	87,086
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
Total loans	6,068	3,706
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
Total loans	1,113	1,201
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
Total loans	7,808	9,632
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
Total loans	9,311	19,411
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
Total loans	24,300	33,950
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	852	3,844
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
Total loans	6,860	8,106
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
Total loans	2,255	2,214
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	9,115	10,320
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	255	276
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	26,485	36,427
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	49,761	50,659
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	41,724	38,696
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	305,954	429,423
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	9,769	11,892
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	25,251	41,789
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	846	3,772
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	42,161	42,101
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	227,927	329,869
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	210,880	292,174
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	95,074	137,249
Total Loans [Member] | Doubtful [Member]
Loans [Line Items]
Total loans	8,447	23,274
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member]
Loans [Line Items]
Total loans	1,090	2,296
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Multifamily [Member]
Loans [Line Items]
Total loans	37	13
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member]
Loans [Line Items]
Total loans	0	316
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member]
Loans [Line Items]
Total loans	37	329
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Sr lien [Member]
Loans [Line Items]
Total loans	574	531
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Jr Liens [Member]
Loans [Line Items]
Total loans	0	5
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	574	536
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	7	21
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	853	1,756
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Non-covered loans excluded from ASC 310-30 [Member]
Loans [Line Items]
Total loans	237	540
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	472	1,410
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member]
Loans [Line Items]
Total loans	7,357	20,978
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Agriculture [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Consumer [Member]
Loans [Line Items]
Total loans	0	0
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Commercial Loan [Member]
Loans [Line Items]
Total loans	1,184	7,721
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member]
Loans [Line Items]
Total loans	6,173	13,257
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	6,224	19,288
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Non-covered loans accounted for under ASC Topic 310-30 [Member]
Loans [Line Items]
Total loans	1,133	1,690
Total Loans [Member] | Covered [Member]
Loans [Line Items]
Total loans	453,805	608,222
Total Loans [Member] | Covered [Member] | Pass [Member]
Loans [Line Items]
Total loans	177,110	191,547
Total Loans [Member] | Covered [Member] | Special Mention [Member]
Loans [Line Items]
Total loans	32,253	67,030
Total Loans [Member] | Covered [Member] | Substandard [Member]
Loans [Line Items]
Total loans	237,365	328,601
Total Loans [Member] | Covered [Member] | Doubtful [Member]
Loans [Line Items]
Total loans	7,077	21,044
Total Loans [Member] | Non-Covered [Member]
Loans [Line Items]
Total loans	1,269,482	1,224,480
Total Loans [Member] | Non-Covered [Member] | Pass [Member]
Loans [Line Items]
Total loans	1,073,967	977,554
Total Loans [Member] | Non-Covered [Member] | Special Mention [Member]
Loans [Line Items]
Total loans	49,310	56,788
Total Loans [Member] | Non-Covered [Member] | Substandard [Member]
Loans [Line Items]
Total loans	144,835	187,908
Total Loans [Member] | Non-Covered [Member] | Doubtful [Member]
Loans [Line Items]
Total loans	1,370	2,230
Total Loans [Member] | Covered And Non-covered [Member]
Loans [Line Items]
Total loans	1,723,287	1,832,702
Total Loans [Member] | Covered And Non-covered [Member] | Pass [Member]
Loans [Line Items]
Total loans	1,251,077	1,169,101
Total Loans [Member] | Covered And Non-covered [Member] | Special Mention [Member]
Loans [Line Items]
Total loans	81,563	123,818
Total Loans [Member] | Covered And Non-covered [Member] | Substandard [Member]
Loans [Line Items]
Total loans	382,200	516,509
Total Loans [Member] | Covered And Non-covered [Member] | Doubtful [Member]
Loans [Line Items]
Total loans	$ 8,447	$ 23,274

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Loans Loans Narrative Section (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Debt Instrument [Line Items]
Covered loans	26.30%	33.20%
Fees and cost related to loans	$ 15,600,000	$ 20,400,000
Carrying amount of loan investments	1,723,287,000	1,832,702,000	1,978,003,000
Loans excluded from ASC 310-30	1,711,440,000	1,817,322,000
Non Accrual [Member]
Debt Instrument [Line Items]
Loans excluded from ASC 310-30	14,200,000	23,100,000
ASC 310-30 [Member]
Debt Instrument [Line Items]
Carrying amount of loan investments	617,465,000	822,021,000
Covered [Member] | ASC 310-30 [Member] | Non Accrual [Member] | Commercial And Industrial Loan [Member]
Debt Instrument [Line Items]
Carrying amount of loan investments	$ 18,700,000

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Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]
Investment securities held-to-maturity, fair value	$ 586,830	$ 584,551
Loans receivable, net - covered	$ 453,805	$ 608,222
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	400,000,000	400,000,000
Common Stock, shares issued	52,463,641	53,279,579
Common Stock, shares outstanding	51,377,198	52,327,672
Treasury stock, shares		240

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Allowance for Loan Losses

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Allowance for Loan Losses

Allowance for Loan Losses

The tables below detail the Company’s allowance for loan losses (“ALL”) and recorded investment in loans as of and for the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	3,286		$	2,975		$	793		$	5,342		$	493		$	12,889
Non 310-30 beginning balance	2,875			2,492			524			4,356			493			10,740
Charge-offs	(624		)	(684		)	—			(549		)	(208		)	(2,065		)
Recoveries	86			112			13			27			72			310
Provision	(97		)	193			(42		)	499			114			667
Non 310-30 ending balance	2,240			2,113			495			4,333			471			9,652
310-30 beginning balance	411			483			269			986			—			2,149
Charge-offs	(407		)	16			—			(566		)	—			(957		)
Recoveries	—			—			—			—			—			—
Provision	42			(193		)	—			1,154			—			1,003
310-30 ending balance	46			306			269			1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764		$	5,907		$	471		$	11,847

	Six months ended June 30, 2013
	Commercial			Commercial real estate			Agriculture		Residential real estate			Consumer			Total
Beginning balance	$	2,798		$	7,396		$	592	$	4,011		$	583		$	15,380
Non 310-30 beginning balance	2,798			3,056			323		4,011			540			10,728
Charge-offs	(1,253		)	(943		)	—		(624		)	(441		)	(3,261		)
Recoveries	95			112			13		41			149			410
Provision	600			(112		)	159		905			223			1,775
Non 310-30 ending balance	2,240			2,113			495		4,333			471			9,652
310-30 beginning balance	—			4,340			269		—			43			4,652
Charge-offs	(407		)	(2,796		)	—		(566		)	—			(3,769		)
Recoveries	—			—			—		—			—			—
Provision	453			(1,238		)	—		2,140			(43		)	1,312
310-30 ending balance	46			306			269		1,574			—			2,195
Ending balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	296		$	49		$	1	$	627		$	8		$	981
Non 310-30 loans collectively evaluated for impairment	1,944			2,064			494		3,706			463			8,671
310-30 loans	46			306			269		1,574			—			2,195
Total ending allowance balance	$	2,286		$	2,419		$	764	$	5,907		$	471		$	11,847
Loans:
Non 310-30 individually evaluated for impairment	$	9,283		$	10,710		$	206	$	9,198		$	307		$	29,704
Non 310-30 collectively evaluated for impairment	194,606			256,945			113,222		483,156			28,189			1,076,118
310-30 loans	73,326			409,361			42,121		81,779			10,878			617,465
Total loans	$	277,215		$	677,016		$	155,549	$	574,133		$	39,374		$	1,723,287

	Three months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	4,371		$	3,641		$	166		$	3,645		$	585		$	12,408
Non 310-30 beginning balance	1,889			3,110			166			3,363			553			9,081
Charge-offs	(127		)	(241		)	(8		)	(430		)	(203		)	(1,009		)
Recoveries	—			101			—			72			20			193
Provision	(37		)	608			126			808			265			1,770
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	2,482			531			—			282			32			3,327
Charge-offs	(176		)	(6,613		)	—			(144		)	(19		)	(6,952		)
Recoveries	155			273			—			—			—			428
Provision	(868		)	10,028			376			921			(1		)	10,456
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294

	Six months ended June 30, 2012
	Commercial			Commercial real estate			Agriculture			Residential real estate			Consumer			Total
Beginning balance	$	2,959		$	3,389		$	282		$	4,121		$	776		$	11,527
Non 310-30 beginning balance	1,597			3,389			154			3,423			776			9,339
Charge-offs	(2,759		)	(2,413		)	(8		)	(464		)	(595		)	(6,239		)
Recoveries	—			219			—			96			293			608
Provision	2,887			2,383			138			758			161			6,327
Non 310-30 ending balance	1,725			3,578			284			3,813			635			10,035
310-30 beginning balance	1,362			—			128			698			—			2,188
Charge-offs	(215		)	(8,143		)	—			(560		)	(19		)	(8,937		)
Recoveries	—			273			—			—			—			273
Provision	446			12,089			248			921			31			13,735
310-30 ending balance	1,593			4,219			376			1,059			12			7,259
Ending balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Ending allowance balance attributable to:
Non 310-30 loans individually evaluated for impairment	$	1,165		$	318		$	—		$	410		$	—		$	1,893
Non 310-30 loans collectively evaluated for impairment	560			3,260			284			3,403			635			8,142
310-30 loans	1,593			4,219			376			1,059			12			7,259
Total ending allowance balance	$	3,318		$	7,797		$	660		$	4,872		$	647		$	17,294
Loans:
Non 310-30 individually evaluated for impairment	$	12,431		$	32,476		$	40		$	4,897		$	16		$	49,860
Non 310-30 collectively evaluated for impairment	153,622			226,768			87,864			371,139			28,318			867,711
310-30 loans	117,711			706,672			59,139			143,432			33,478			1,060,432
Total loans	$	283,764		$	965,916		$	147,043		$	519,468		$	61,812		$	1,978,003

In evaluating the loan portfolio for an appropriate ALL level, non-impaired loans that were not accounted for under ASC 310-30 were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of applying loss ratios and determining applicable subjective adjustments to the ALL. The application of subjective adjustments was based upon qualitative risk factors, including economic trends and conditions, industry conditions, asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results.

The Company charged-off $1.8 million and $2.9 million, net of recoveries, of non ASC 310-30 loans during the three and six months ended June 30, 2013, respectively. The Company had previously provided specific reserves for $1.3 million of the net charge-offs realized during the three and six months ended June 30, 2013. Improvements in credit quality trends of the non 310-30 loan portfolio were seen in both past due and non-performing loans during the three and six months ended June 30, 2013 and, through management's evaluation discussed above, resulted in a provision for loan losses on the non 310-30 loans of $0.7 million and $1.8 million, respectively.

During the six months ended June 30, 2013, the Company re-estimated the expected cash flows of the loan pools accounted for under ASC 310-30 utilizing the same cash flow methodology used at the time of acquisition. The re-measurement resulted in a net impairment of $1.0 million and $1.3 million for the three and six months ended June 30, 2013. The impairments were primarily driven by the residential real estate segment, with $1.2 million and $2.1 million in impairments during the three and six months ended June 30, 2013. As a result of gross cash flow improvements during the three and six months ended June 30, 2013, the re-measurements resulted in a reversal of $0.2 million and $1.2 million, respectively, of impairment expense in the commercial real estate segment.

During the three and six months ended June 30, 2012, the Company's re-measurement of expected future cash flows of ASC 310-30 loans resulted in impairments of $10.5 million and $13.7 million, respectively. The commercial real estate pool was the primary contributor to the total impairment with impairments of $10.0 million and $12.1 million for the three and six months ended June 30, 2012, respectively. The residential real estate pool recorded impairments of $0.9 million for the three and six months ended June 30, 2012. During the three and six months ended June 30, 2012, the Company recorded $1.8 million and $6.3 million, respectively, of provision for loan losses for loans not accounted for under ASC 310-30 primarily to provide for changes in credit risk inherent in new loan originations and provide for charge offs.

The Company charged off $5.6 million, net of recoveries, of non ASC 310-30 loans during the six months ended June 30, 2012, $2.4 million of which was the result of a large commercial and industrial loan that was not considered indicative of future charge-offs in the commercial and industrial loan category. The Company also charged off $2.4 million of commercial real estate loans, primarily the result of two commercial real estate loans outside of our core market areas totaling $2.1 million.

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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Net income	$ 2,898	$ 2,702	$ 4,980	$ 4,345
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) arising during the period, net of tax benefit (expense) of $15,838 and ($1,549) for the three months ended June 30, 2013 and 2012, respectively; and net of tax benefit (expense) of $17,711 and ($847) for the six months ended June 30, 2013 and 2012, respectively.	(25,300)	2,488	(27,801)	1,733
Reclassification adjustment for net securities gains included in net income, net of tax expense of $263 for the six months ended June 30, 2012.	0	0	0	(411)
Reclassification adjustment for net unrealized holding gains on securities transferred between available-for-sale and held-to-maturity, net of tax expense of $15,159 for the six months ended June 30, 2012.	0	0	0	(23,711)
Securities available for sale, net	(25,300)	2,488	(27,801)	(22,389)
Net unrealized holding gains on securities transferred between available-for-sale to held-to-maturity:
Net unrealized holding gains on securities transferred, net of tax expense of $15,159 for the six months ended June 30, 2012.	0	0	0	23,711
Less: amortization of net unrealized holding gains to income, net of tax benefit of $987 and $1,182 for the three months ended June 30, 2013 and 2012, respectively; and net of tax benefit of $2,205 and $1,182 for the six months ended June 30, 2013 and 2012, respectively.	(1,577)	(1,913)	(3,522)	(1,913)
Other comprehensive income, net	(1,577)	(1,913)	(3,522)	21,798
Other comprehensive income (loss)	(26,877)	575	(31,323)	(591)
Comprehensive income (loss)	$ (23,979)	$ 3,277	$ (26,343)	$ 3,754

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FDIC Indemnification Asset (Summary of Activity Related to FDIC Indemnification Asset) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
FDIC Indemnification Asset [Roll Forward]
Balance at beginning of period			$ 86,923	$ 223,402
Accretion	(2,966)	(2,646)	(7,635)	(6,333)
FDIC portion of charge-offs exceeding fair value marks			1,644	5,533
Reduction for claims filed			(21,049)	(74,075)
Balance at end of period	$ 59,883	$ 148,527	$ 59,883	$ 148,527

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Consolidated Statements of Financial Condition (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Cash and due from banks	$ 62,095	$ 90,505
Due from Federal Reserve Bank of Kansas City	190,072	579,267
Interest bearing bank deposits	50,589	99,408
Cash and cash equivalents	302,756	769,180
Securities purchased under agreements to resell	100,000	0
Investment securities available-for-sale (at fair value)	2,046,536	1,718,028
Investment securities held-to-maturity (fair value of $586,830 and $584,551 at June 30, 2013 and December 31, 2012, respectively)	592,661	577,486
Non-marketable securities	31,775	32,996
Loans (including covered loans of $453,805 and $608,222 at June 30, 2013 and December 31, 2012, respectively)	1,723,287	1,832,702
Allowance for loan losses	(11,847)	(15,380)
Loans, net	1,711,440	1,817,322
Loans held for sale	6,288	5,368
Federal Deposit Insurance Corporation (“FDIC”) indemnification asset, net	59,883	86,923
Other real estate owned	79,299	94,808
Premises and equipment, net	120,746	121,436
Goodwill	59,630	59,630
Intangible assets, net	24,902	27,575
Other assets	84,772	100,023
Total assets	5,220,688	5,410,775
Liabilities:
Non-interest bearing demand deposits	667,786	677,985
Interest bearing demand deposits	476,215	529,996
Savings and money market	1,246,760	1,240,020
Time deposits	1,596,966	1,752,718
Total deposits	3,987,727	4,200,719
Securities sold under agreements to repurchase	122,879	53,685
Due to FDIC	31,245	31,271
Other liabilities	34,594	34,541
Total liabilities	4,176,445	4,320,216
Stockholders’ equity:
Common stock, par value $0.01 per share: 400,000,000 shares authorized; 52,463,641 and 53,279,579 shares issued; 51,377,198 and 52,327,672 shares outstanding at June 30, 2013 and December 31, 2012, respectively	514	523
Additional paid in capital	991,538	1,006,194
Retained earnings	42,941	43,273
Treasury stock of 240 shares at December 31, 2012, at cost	0	(4)
Accumulated other comprehensive income, net of tax	9,250	40,573
Total stockholders’ equity	1,044,243	1,090,559
Total liabilities and stockholders’ equity	$ 5,220,688	$ 5,410,775

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Loans (Additional Information Regarding Impaired Loans) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Loans [Line Items]
Allowance for loan losses allocated with an allowance recorded	$ 981	$ 1,893
Unpaid principal balance, Total	37,711	62,393
Recorded investment, Total	29,704	49,860
Average recorded investment, Total	30,787	52,635
Interest income recognized, Total	463	359
Commercial Loan [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	7,619	20,623
Recorded investment with no related allowance recorded	7,606	10,420
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	8,079	12,607
Interest income recognized of impaired loans with no related allowance recorded	218	91
Unpaid principal balance of impaired loans with an allowance recorded	6,709	2,013
Recorded investment of impaired loans with an allowance recorded	1,677	2,011
Allowance for loan losses allocated with an allowance recorded	296	1,165
Average recorded investment of impaired loans with an allowance recorded	1,708	2,052
Interest income recognized of impaired loans with an allowance recorded	6	10
Commercial Construction [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	0
Recorded investment with no related allowance recorded	0	0
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	0
Interest income recognized of impaired loans with no related allowance recorded	0	0
Unpaid principal balance of impaired loans with an allowance recorded	0	0
Recorded investment of impaired loans with an allowance recorded	0	0
Allowance for loan losses allocated with an allowance recorded	0	0
Average recorded investment of impaired loans with an allowance recorded	0	0
Interest income recognized of impaired loans with an allowance recorded	0	0
Commercial Acquisition/Development [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	14,449
Recorded investment with no related allowance recorded	0	13,820
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	13,818
Interest income recognized of impaired loans with no related allowance recorded	0	166
Unpaid principal balance of impaired loans with an allowance recorded	0	0
Recorded investment of impaired loans with an allowance recorded	1	0
Allowance for loan losses allocated with an allowance recorded	0	0
Average recorded investment of impaired loans with an allowance recorded	0	0
Interest income recognized of impaired loans with an allowance recorded	0	0
Multifamily [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	198
Recorded investment with no related allowance recorded	0	191
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	191
Interest income recognized of impaired loans with no related allowance recorded	0	0
Unpaid principal balance of impaired loans with an allowance recorded	191	0
Recorded investment of impaired loans with an allowance recorded	186	0
Allowance for loan losses allocated with an allowance recorded	37	0
Average recorded investment of impaired loans with an allowance recorded	193	0
Interest income recognized of impaired loans with an allowance recorded	0	0
Owner-Occupied [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	4,301	5,336
Recorded investment with no related allowance recorded	4,017	5,042
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	4,086	5,111
Interest income recognized of impaired loans with no related allowance recorded	154	37
Unpaid principal balance of impaired loans with an allowance recorded	996	372
Recorded investment of impaired loans with an allowance recorded	793	358
Allowance for loan losses allocated with an allowance recorded	7	137
Average recorded investment of impaired loans with an allowance recorded	808	358
Interest income recognized of impaired loans with an allowance recorded	7	0
Non Owner-Occupied [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	6,275	10,273
Recorded investment with no related allowance recorded	4,953	9,387
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	5,312	9,748
Interest income recognized of impaired loans with no related allowance recorded	0	16
Unpaid principal balance of impaired loans with an allowance recorded	906	3,818
Recorded investment of impaired loans with an allowance recorded	760	3,678
Allowance for loan losses allocated with an allowance recorded	5	181
Average recorded investment of impaired loans with an allowance recorded	765	3,702
Interest income recognized of impaired loans with an allowance recorded	7	6
Total Commercial Real Estate [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	10,576	30,256
Recorded investment with no related allowance recorded	8,970	28,440
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	9,398	28,868
Interest income recognized of impaired loans with no related allowance recorded	154	219
Unpaid principal balance of impaired loans with an allowance recorded	2,093	4,190
Recorded investment of impaired loans with an allowance recorded	1,740	4,036
Allowance for loan losses allocated with an allowance recorded	49	318
Average recorded investment of impaired loans with an allowance recorded	1,766	4,060
Interest income recognized of impaired loans with an allowance recorded	14	6
Agriculture [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	43
Recorded investment with no related allowance recorded	0	40
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	42
Interest income recognized of impaired loans with no related allowance recorded	0	0
Unpaid principal balance of impaired loans with an allowance recorded	224	0
Recorded investment of impaired loans with an allowance recorded	206	0
Allowance for loan losses allocated with an allowance recorded	1	0
Average recorded investment of impaired loans with an allowance recorded	204	0
Interest income recognized of impaired loans with an allowance recorded	0	0
Sr Lien 1-4 Family Closed End [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	628	3,393
Recorded investment with no related allowance recorded	619	3,081
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	620	3,143
Interest income recognized of impaired loans with no related allowance recorded	2	4
Unpaid principal balance of impaired loans with an allowance recorded	7,830	1,574
Recorded investment of impaired loans with an allowance recorded	7,070	1,557
Allowance for loan losses allocated with an allowance recorded	610	410
Average recorded investment of impaired loans with an allowance recorded	7,166	1,580
Interest income recognized of impaired loans with an allowance recorded	42	29
Jr Lien 1-4 Family Closed End [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	285
Recorded investment with no related allowance recorded	0	259
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	267
Interest income recognized of impaired loans with no related allowance recorded	0	0
Unpaid principal balance of impaired loans with an allowance recorded	1,704	0
Recorded investment of impaired loans with an allowance recorded	1,509	0
Allowance for loan losses allocated with an allowance recorded	17	0
Average recorded investment of impaired loans with an allowance recorded	1,523	0
Interest income recognized of impaired loans with an allowance recorded	25	0
Residential Real Estate Segment [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	628	3,678
Recorded investment with no related allowance recorded	619	3,340
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	620	3,410
Interest income recognized of impaired loans with no related allowance recorded	2	4
Unpaid principal balance of impaired loans with an allowance recorded	9,534	1,574
Recorded investment of impaired loans with an allowance recorded	8,579	1,557
Allowance for loan losses allocated with an allowance recorded	627	410
Average recorded investment of impaired loans with an allowance recorded	8,689	1,580
Interest income recognized of impaired loans with an allowance recorded	67	29
Consumer [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	0	16
Recorded investment with no related allowance recorded	0	16
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	0	16
Interest income recognized of impaired loans with no related allowance recorded	0	0
Unpaid principal balance of impaired loans with an allowance recorded	328	0
Recorded investment of impaired loans with an allowance recorded	307	0
Allowance for loan losses allocated with an allowance recorded	8	0
Average recorded investment of impaired loans with an allowance recorded	323	0
Interest income recognized of impaired loans with an allowance recorded	2	0
Impaired Loans With No Related Allowance Recorded [Member] [Member]
Loans [Line Items]
Unpaid principal balance with no related allowance recorded	18,823	54,616
Recorded investment with no related allowance recorded	17,195	42,256
Allowance for loan losses allocated with no related allowance recorded	0	0
Average recorded investment of impaired loans with no related allowance recorded	18,097	44,943
Interest income recognized of impaired loans with no related allowance recorded	374	314
Impaired Loans with Related Allowance Recorded [Member]
Loans [Line Items]
Unpaid principal balance of impaired loans with an allowance recorded	18,888	7,777
Recorded investment of impaired loans with an allowance recorded	12,509	7,604
Allowance for loan losses allocated with an allowance recorded	981	1,893
Average recorded investment of impaired loans with an allowance recorded	12,690	7,692
Interest income recognized of impaired loans with an allowance recorded	$ 89	$ 45

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Fair Value of Financial Instruments (Schedule of Fair Value of Financial Instruments) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
ASSETS:
Cash and cash equivalents	$ 302,756	$ 769,180	$ 704,586	$ 1,628,137
Securities purchased under agreements to resell	100,000	0
Investment securities available-for-sale (at fair value)	2,046,536	1,718,028
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	592,661	577,486
Loans held-for-sale	6,288	5,368
LIABILITIES:
Time deposits	1,596,966	1,752,718
Securities sold under agreements to repurchase	122,879	53,685
Due to FDIC	31,245	31,271
U.S. Treasury Securities [Member]
ASSETS:
Investment securities available-for-sale (at fair value)		300
Asset Backed Securities [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	43,578	90,003
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	560,135	678,017
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	1,442,404	949,289
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member]
ASSETS:
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	80,668	0
Other Securities [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	419	419
Carrying Amount [Member] | Level 1 [Member]
ASSETS:
Cash and cash equivalents	302,756	769,180
Carrying Amount [Member] | Level 2 [Member]
ASSETS:
Securities purchased under agreements to resell	100,000	0
Capital stock of FHLB	6,755	7,976
Capital stock of FRB	25,020	25,020
Loans held-for-sale	6,288	5,368
Accrued interest receivable	11,596	12,673
LIABILITIES:
Deposit transaction accounts	2,390,761	2,448,001
Time deposits	1,596,966	1,752,718
Securities sold under agreements to repurchase	122,879	53,685
Accrued interest payable	3,718	4,239
Carrying Amount [Member] | Level 3 [Member]
ASSETS:
Loans receivable, net	1,711,440	1,817,322
LIABILITIES:
Due to FDIC	31,245	31,271
Warrant liability	5,158	5,461
Carrying Amount [Member] | U.S. Treasury Securities [Member] | Level 1 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	0	300
Carrying Amount [Member] | Asset Backed Securities [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	43,578	90,003
Carrying Amount [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	560,135	678,017
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	509,690	577,486
Carrying Amount [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	1,442,404	949,289
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	82,971	0
Carrying Amount [Member] | Other Securities [Member] | Level 3 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	419	419
Estimated Fair Value [Member] | Level 1 [Member]
ASSETS:
Cash and cash equivalents	302,756	769,180
Estimated Fair Value [Member] | Level 2 [Member]
ASSETS:
Securities purchased under agreements to resell	100,004	0
Capital stock of FHLB	6,755	7,976
Capital stock of FRB	25,020	25,020
Loans held-for-sale	6,288	5,368
Accrued interest receivable	11,596	12,673
LIABILITIES:
Deposit transaction accounts	2,390,761	2,448,001
Time deposits	1,601,250	1,759,886
Securities sold under agreements to repurchase	122,795	53,686
Accrued interest payable	3,718	4,239
Estimated Fair Value [Member] | Level 3 [Member]
ASSETS:
Loans receivable, net	1,717,300	1,829,987
LIABILITIES:
Due to FDIC	31,245	31,271
Warrant liability	5,158	5,461
Estimated Fair Value [Member] | U.S. Treasury Securities [Member] | Level 1 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	0	300
Estimated Fair Value [Member] | Asset Backed Securities [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	43,578	90,003
Estimated Fair Value [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	560,135	678,017
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity	506,162	584,551
Estimated Fair Value [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	1,442,404	949,289
Estimated Fair Value [Member] | Other Securities [Member] | Level 3 [Member]
ASSETS:
Investment securities available-for-sale (at fair value)	$ 419	$ 419

XML

Fair Value Measurements (Table of Changes in Level 3 Financial Instruments) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Warrant Liability [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 5,461
Change in value	(303)
Accretion	0
Settlement	0
Net change in Level 3	(303)
Ending Balance	5,158
Clawback Liability [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	31,271
Change in value	(649)
Accretion	623
Settlement	0
Net change in Level 3	(26)
Ending Balance	$ 31,245

XML

FDIC Indemnification Asset (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Summary of Activity Related to FDIC Indemnification Asset

Below is a summary of the activity related to the FDIC indemnification asset during the six months ended June 30, 2013 and 2012 (in thousands):

	For the six months ended
	June 30, 2013			June 30, 2012
Balance at beginning of period	$	86,923		$	223,402
Accretion	(7,635		)	(6,333		)
FDIC portion of charge-offs exceeding fair value marks	1,644			5,533
Reduction for claims filed	(21,049		)	(74,075		)
Balance at end of period	$	59,883		$	148,527

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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair value of its financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. For disclosure purposes, the Company groups its financial and non-financial assets and liabilities into three different levels based on the nature of the instrument and the availability and reliability of the information that is used to determine fair value. The three levels are defined as follows:

• Level 1—Includes assets or liabilities in which the inputs to the valuation methodologies are based on unadjusted quoted prices in active markets for identical assets or liabilities.

• Level 2—Includes assets or liabilities in which the inputs to the valuation methodologies are based on similar assets or liabilities in inactive markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs other than quoted prices that are observable, such as interest rates, yield curves, volatilities, prepayment speeds, and other inputs obtained from observable market input.

• Level 3—Includes assets or liabilities in which the inputs to the valuation methodology are based on at least one significant assumption that is not observable in the marketplace. These valuations may rely on management’s judgment and may include internally-developed model-based valuation techniques.

Level 1 inputs are considered to be the most transparent and reliable and level 3 inputs are considered to be the least transparent and reliable. The Company assumes the use of the principal market to conduct a transaction of each particular asset or liability being measured and then considers the assumptions that market participants would use when pricing the asset or liability. Whenever possible, the Company first looks for quoted prices for identical assets or liabilities in active markets (level 1 inputs) to value each asset or liability. However, when inputs from identical assets or liabilities on active markets are not available, the Company utilizes market observable data for similar assets and liabilities. The Company maximizes the use of observable inputs and limits the use of unobservable inputs to occasions when observable inputs are not available. The need to use unobservable inputs generally results from the lack of market liquidity of the actual financial instrument or of the underlying collateral. Although, in some instances, third party price indications may be available, limited trading activity can challenge the observability of these quotations.

Changes in the valuation inputs used for measuring the fair value of financial instruments may occur due to changes in current market conditions or other factors. Such changes may necessitate a transfer of the financial instruments to another level in the hierarchy based on the new inputs used. The Company recognizes these transfers at the end of the reporting period that the transfer occurs. During the six months ended June 30, 2013 and 2012, there were no transfers of financial instruments between the hierarchy levels.

The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of each instrument under the valuation hierarchy:

Fair Value of Financial Instruments Measured on a Recurring Basis

Investment securities available-for-sale—Investment securities available-for-sale are carried at fair value on a recurring basis. To the extent possible, observable quoted prices in an active market are used to determine fair value and, as such, these securities are classified as level 1. At December 31, 2012 the Company classified its U.S. Treasury securities as level 1 in the fair value hierarchy. At June 30, 2013 the Company did not hold U.S. Treasury securities. When quoted market prices in active markets for identical assets or liabilities are not available, quoted prices of securities with similar characteristics, discounted cash flows or other pricing characteristics are used to estimate fair values and the securities are then classified as level 2. At June 30, 2013 and December 31, 2012, the Company’s level 2 securities included asset backed securities, mortgage-backed securities comprised of residential mortgage pass-through securities, and other residential mortgage-backed securities. All other investment securities are classified as level 3. There were no transfers between levels 1, 2 or 3 during the six months ended June 30, 2013 or 2012.

Warrant liability—The Company measures the fair value of the warrant liability on a recurring basis using a Black-Scholes option pricing model. The Company’s shares became publicly traded on September 20, 2012 and prior to that, had limited private trading; therefore, expected volatility was estimated based on the median historical volatility, for a period commensurate with the expected term of the warrants, of 9 comparable companies with publicly traded shares, and is deemed a significant unobservable input to the valuation model.

Clawback liability—The Company periodically measures the net present value of expected future cash payments to be made by the Company to the FDIC that must be made within 45 days of the conclusion of the loss sharing. The expected cash flows are calculated in accordance with the loss sharing agreements and are based primarily on the expected losses on the covered assets, which involve significant inputs that are not market observable.

The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 on the consolidated statements of financial condition utilizing the hierarchy structure described above (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
Asset backed securities	$	—	$	43,578	$	—	$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		560,135		—		560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		1,442,404		—		1,442,404
Other securities	—		—		419		419
Total assets at fair value	$	—	$	2,046,117	$	419	$	2,046,536
Liabilities:
Warrant liability	$	—	$	—	$	5,158	$	5,158
Clawback liability	—		—		31,245		31,245
Total liabilities at fair value	$	—	$	—	$	36,403	$	36,403

	December 31, 2012
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
U.S. Treasury securities	$	300	$	—	$	—	$	300
Asset backed securities	—		90,003		—		90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		678,017		—		678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		949,289		—		949,289
Other securities	—		—		419		419
Total assets at fair value	$	300	$	1,717,309	$	419	$	1,718,028
Liabilities:
Warrant liability	$	—	$	—	$	5,461	$	5,461
Clawback liability	—		—		31,271		31,271
Total liabilities at fair value	$	—	$	—	$	36,732	$	36,732

The table below details the changes in Level 3 financial instruments during the six months ended June 30, 2013 (in thousands):

	Warrant liability			Clawback liability
Balance at December 31, 2012	$	5,461		$	31,271
Change in value	(303		)	(649		)
Accretion	—			623
Settlement	—			—
Net change in Level 3	(303		)	(26		)
Balance at June 30, 2013	$	5,158		$	31,245

Fair Value of Financial Instruments Measured on a Non-recurring Basis

Certain assets may be recorded at fair value on a non-recurring basis as conditions warrant. These non-recurring fair value measurements typically result from the application of lower of cost or fair value accounting or a write-down occurring during the period.

The Company records collateral dependent loans that are considered to be impaired at their estimated fair value. A loan is considered impaired when it is probable that the Company will be unable to collect all contractual amounts due in accordance with the terms of the loan agreement. Collateral dependent impaired loans are measured based on the fair value of the collateral. The Company relies on third-party appraisals and internal assessments in determining the estimated fair values of these loans. The inputs used to determine the fair values of loans are considered level 3 inputs in the fair value hierarchy. During the six months ended June 30, 2013, the Company measured 26 loans not accounted for under ASC 310-30 at fair value on a non-recurring basis. These loans carried specific reserves totaling $0.9 million at June 30, 2013. During the six months ended June 30, 2013, the Company added specific reserves of $0.5 million for ten loans with carrying balances of $7.9 million at June 30, 2013. The Company also eliminated specific reserves of $1.6 million for thirteen loans during the six months ended June 30, 2013, primarily due to paydowns on these loans.

The Company may be required to record loans held-for-sale on a non-recurring basis. The non-recurring fair value adjustments could involve lower of cost or fair value accounting and may include write-downs.

OREO is recorded at the lower of the loan balance or the fair value of the collateral less estimated selling costs. The estimated fair values of OREO are updated periodically and further write-downs may be taken to reflect a new basis. The Company recognized$7.1 million of OREO impairments in its consolidated statements of financial condition during the six months ended June 30, 2013, of which $5.2 million, or 72.9%, were on OREO that was covered by loss sharing agreements with the FDIC. The fair values of OREO are derived from third party price opinions or appraisals that generally use an income approach or a market value approach. If reasonable comparable appraisals are not available, then the Company may use internally developed models to determine fair values. The inputs used to determine the fair values of OREO are considered level 3 inputs in the fair value hierarchy.

The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2013 (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total		Losses From Fair Value Changes
Other real estate owned	$	—	$	—	$	79,299	$	79,299	$	7,055
Impaired loans	$	—	$	—	$	29,704	$	29,704	$	5,445

The Company did not record any liabilities for which the fair value was made on a non-recurring basis during the six months ended June 30, 2013.

The following table provides information about the valuation techniques and unobservable inputs used in the valuation of financial instruments falling within level 3 of the fair value hierarchy as of June 30, 2013. The table below excludes non-recurring fair value measurements of collateral value used for impairment measures for OREO. These valuations utilize third party appraisal or broker price opinions, and are classified as level 3 due to the significant judgment involved. (dollars in thousands):

	Fair Value at June 30, 2013		Valuation Technique	Unobservable Input	Quantitative Measures
Other securities	$	419	Cash investment in private equity fund	Cash investment
Impaired loans	29,704		Appraised value	Appraised values
				Discount rate	0-25%
Clawback liability	31,245		Contractually defined discounted cash flows	Intrinsic loss estimates	$323.3 million - $405 million
				Expected credit losses	—
				Asset purchase premium	$98 million-$182.7 million
				Discount rate	4%
				Discount period	28-40 months
Warrant liability	5,158		Black-Scholes	Volatility	15%-48%

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Investment Securities (Summary of Contractual Maturities Held-to-Maturity of Investment Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Investments Schedule [Abstract]
Due in one year or less, Amortized Cost	$ 0
Due after one year through five years, Amortized Cost	0
Due after five years through ten years, Amortized Cost	0
Due after ten years, Amortized Cost	592,661
Other Securities, Amortized Cost	0
Total investment securities held-to-maturity	592,661
Due in one year or less, Fair Value	0
Due after one year through five years, Fair Value	0
Due after five years through ten years, Fair Value	0
Due after ten years, Fair Value	586,830
Other Securities, Fair Value	0
Total investment securities held-to-maturity, Fair Value	$ 586,830

XML

Fair Value Measurements (Inputs Used to Determine Fair Values of Oreo are Considered Level 3 Inputs in Fair Value Hierarchy) (Detail) (USD $) In Thousands, unless otherwise specified			6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Other real estate owned [Member]	Jun. 30, 2013 Impaired loans [Member]	Jun. 30, 2013 Level 1 [Member]	Dec. 31, 2012 Level 1 [Member]	Jun. 30, 2013 Level 1 [Member] Other real estate owned [Member]	Jun. 30, 2013 Level 1 [Member] Impaired loans [Member]	Jun. 30, 2013 Level 2 [Member]	Dec. 31, 2012 Level 2 [Member]	Jun. 30, 2013 Level 2 [Member] Other real estate owned [Member]	Jun. 30, 2013 Level 2 [Member] Impaired loans [Member]	Jun. 30, 2013 Level 3 [Member]	Dec. 31, 2012 Level 3 [Member]	Jun. 30, 2013 Level 3 [Member] Other real estate owned [Member]	Jun. 30, 2013 Level 3 [Member] Impaired loans [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Level 1	$ 36,403	$ 36,732	$ 79,299	$ 29,704	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 36,403	$ 36,732	$ 79,299	$ 29,704
Losses From Fair Value Changes			$ 7,055	$ 5,445

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Loans (Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield beginning balance	$ 133,585	$ 186,494
Reclassification from non-accretable difference	37,725	29,483
Reclassification to non-accretable difference	(2,755)	(5,651)
Accretion	(40,013)	(52,244)
Accretable yield ending balance	$ 128,542	$ 158,082

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Regulatory Capital (Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk-based capital computations	20.00%
Consolidated [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	18.70%	18.20%
Risk-based capital Ratio	50.10%	51.90%
Total risk-based capital Ratio	50.80%	52.70%
Leverage Amount	$ 950,460	$ 962,779
Risk-based capital amount	950,460	962,779
Total risk-based capital Amount	963,108	978,535
Required to be considered well capitalized Ratio, risk-based capital ratio	6.00%	6.00%
Required to be considered well capitalized Ratio, Total risk-based capital ratio	10.00%	10.00%
Required to be considered well capitalized risk-based capital Amount	113,753	111,396
Required to be considered well capitalized Total risk-based capital Amount	189,589	185,659
Required to be considered adequately capitalized Ratio, leverage ratio	4.00%	4.00%
Required to be considered adequately capitalized Ratio, risk-based capital ratio	4.00%	4.00%
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio	8.00%	8.00%
Required to be considered adequately capitalized leverage Amount	203,435	211,439
Required to be considered adequately capitalized risk-based capital Amount	75,836	74,264
Required to be considered adequately capitalized Total risk-based capital Amount	151,671	148,527
NBH Bank, N.A. [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	17.30%	16.40%
Risk-based capital Ratio	46.10%	46.60%
Total risk-based capital Ratio	46.80%	47.40%
Leverage Amount	861,541	851,365
Risk-based capital amount	861,541	851,365
Total risk-based capital Amount	874,189	867,121
Required to be considered well capitalized Ratio, leverage ratio	10.00%	10.00%
Required to be considered well capitalized Ratio, risk-based capital ratio	11.00%	11.00%
Required to be considered well capitalized Ratio, Total risk-based capital ratio	12.00%	12.00%
Required to be considered well capitalized leverage Amount	498,299	518,244
Required to be considered well capitalized risk-based capital Amount	205,389	201,147
Required to be considered well capitalized Total risk-based capital Amount	224,061	219,433
Required to be considered adequately capitalized Ratio, leverage ratio	4.00%	4.00%
Required to be considered adequately capitalized Ratio, risk-based capital ratio	4.00%	4.00%
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio	8.00%	8.00%
Required to be considered adequately capitalized leverage Amount	199,320	207,298
Required to be considered adequately capitalized risk-based capital Amount	74,687	73,144
Required to be considered adequately capitalized Total risk-based capital Amount	$ 149,374	$ 146,289

XML

Investment Securities (Narrative) (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Investments Schedule [Abstract]
Investment securities total	$ 2,600,000,000		$ 2,300,000,000
Available-for-sale securities	2,046,536,000		1,718,028,000
Mortgage-backed securities as percentage of available-for-sale investment portfolio	97.90%		94.70%
Fair value of available-for-sale investment securities pledged as collateral	166,100,000		89,200,000
Estimated weighted average life of the available-for-sale mortgage-backed securities portfolio	3 years 9 months 18 days		3 years 4 months 24 days
Other securities	419,000
Held-to-maturity securities	592,661,000		577,486,000
Available-for-sale securities classification to the held-to-maturity			754,100,000
Purchase of investment securities held-to-maturity	127,784,000	2,234,000
Held-to-maturity investment securities pledged as collateral	$ 149,500,000		$ 127,900,000
Estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio	4 years		3 years 9 months 18 days

XML

Income Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Income Per Share

The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2013 and 2012 (in thousands, except share and earnings per share information):

	For the three months ended					For the six months ended
	June 30, 2013			June 30, 2012		June 30, 2013			June 30, 2012
Distributed earnings	$	2,649		$	—	$	5,312		$	—
Undistributed earnings (distributions in excess of earnings)	249			2,702		(332		)	4,345
Net income	2,898			2,702		4,980			4,345
Less: earnings allocated to participating securities	(7		)	—		(7		)	—
Earnings allocated to common stockholders	$	2,891		$	2,702	$	4,973		$	4,345
Weighted average shares outstanding for basic earnings per common share	52,055,434			52,191,239		52,187,295			52,184,051
Dilutive effect of equity awards	25,892			127,931		25,898			127,297
Weighted average shares outstanding for diluted earnings per common share	52,081,326			52,319,170		52,213,193			52,311,348
Basic earnings per share	$	0.06		$	0.05	$	0.10		$	0.10
Diluted earnings per share	$	0.06		$	0.05	$	0.10		$	0.10

XML

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Tables of Financial Instruments Measured At Fair Value on Recurring Basis

The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 on the consolidated statements of financial condition utilizing the hierarchy structure described above (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
Asset backed securities	$	—	$	43,578	$	—	$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		560,135		—		560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		1,442,404		—		1,442,404
Other securities	—		—		419		419
Total assets at fair value	$	—	$	2,046,117	$	419	$	2,046,536
Liabilities:
Warrant liability	$	—	$	—	$	5,158	$	5,158
Clawback liability	—		—		31,245		31,245
Total liabilities at fair value	$	—	$	—	$	36,403	$	36,403

	December 31, 2012
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
U.S. Treasury securities	$	300	$	—	$	—	$	300
Asset backed securities	—		90,003		—		90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		678,017		—		678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	—		949,289		—		949,289
Other securities	—		—		419		419
Total assets at fair value	$	300	$	1,717,309	$	419	$	1,718,028
Liabilities:
Warrant liability	$	—	$	—	$	5,461	$	5,461
Clawback liability	—		—		31,271		31,271
Total liabilities at fair value	$	—	$	—	$	36,732	$	36,732

Table of Changes in Level 3 Financial Instruments

The table below details the changes in Level 3 financial instruments during the six months ended June 30, 2013 (in thousands):

	Warrant liability			Clawback liability
Balance at December 31, 2012	$	5,461		$	31,271
Change in value	(303		)	(649		)
Accretion	—			623
Settlement	—			—
Net change in Level 3	(303		)	(26		)
Balance at June 30, 2013	$	5,158		$	31,245

Inputs Used to Determine Fair Values of Oreo are Considered Level 3 Inputs in Fair Value Hierarchy

The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2013 (in thousands):

	June 30, 2013
	Level 1		Level 2		Level 3		Total		Losses From Fair Value Changes
Other real estate owned	$	—	$	—	$	79,299	$	79,299	$	7,055
Impaired loans	$	—	$	—	$	29,704	$	29,704	$	5,445

Table of Valuation Techniques and Unobservable Inputs Used in Valuation of Financial Instruments Falling Within Level 3 of Fair Value Hierarchy

The following table provides information about the valuation techniques and unobservable inputs used in the valuation of financial instruments falling within level 3 of the fair value hierarchy as of June 30, 2013. The table below excludes non-recurring fair value measurements of collateral value used for impairment measures for OREO. These valuations utilize third party appraisal or broker price opinions, and are classified as level 3 due to the significant judgment involved. (dollars in thousands):

	Fair Value at June 30, 2013		Valuation Technique	Unobservable Input	Quantitative Measures
Other securities	$	419	Cash investment in private equity fund	Cash investment
Impaired loans	29,704		Appraised value	Appraised values
				Discount rate	0-25%
Clawback liability	31,245		Contractually defined discounted cash flows	Intrinsic loss estimates	$323.3 million - $405 million
				Expected credit losses	—
				Asset purchase premium	$98 million-$182.7 million
				Discount rate	4%
				Discount period	28-40 months
Warrant liability	5,158		Black-Scholes	Volatility	15%-48%

XML

Loans

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loans

Loans

The loan portfolio is comprised of new loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions of Bank of Choice and Community Banks of Colorado in 2011, and Hillcrest Bank and Bank Midwest in 2010. The majority of the loans acquired in the Hillcrest Bank and Community Banks of Colorado transactions are covered by loss sharing agreements with the FDIC, and covered loans are presented separately from non-covered loans due to the FDIC loss sharing agreements associated with these loans. Covered loans comprised 26.3% of the total loan portfolio at June 30, 2013, compared to 33.2% of the total loan portfolio at December 31, 2012.

The table below shows the loan portfolio composition including carrying value by segment of loans accounted for under ASC Topic 310-30 Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality and loans not accounted for under this guidance, which includes our originated loans. The table also shows the amounts covered by the FDIC loss sharing agreements as of June 30, 2013 and December 31, 2012. The carrying value of loans are net of discounts on loans excluded from Accounting Standards Codification (“ASC”) Topic 310-30 , and fees and costs of $15.6 million and $20.4 million as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	June 30, 2013
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	73,326	$	203,889	$	277,215	16.1	%
Commercial real estate	409,361		267,655		677,016		39.3	%
Agriculture	42,121		113,428		155,549		9.0	%
Residential real estate	81,779		492,354		574,133		33.3	%
Consumer	10,878		28,496		39,374		2.3	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%
Covered	$	389,484	$	64,321	$	453,805	26.3	%
Non-covered	227,981		1,041,501		1,269,482		73.7	%
Total	$	617,465	$	1,105,822	$	1,723,287	100.0	%

	December 31, 2012
	ASC  310-30 Loans		Non ASC  310-30 Loans		Total Loans		% of Total
Commercial	$	83,169	$	187,419	$	270,588	14.8	%
Commercial real estate	566,035		238,964		804,999		43.9	%
Agriculture	47,733		125,674		173,407		9.5	%
Residential real estate	106,100		427,277		533,377		29.1	%
Consumer	18,984		31,347		50,331		2.7	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%
Covered	$	527,948	$	80,274	$	608,222	33.2	%
Non-covered	294,073		930,407		1,224,480		66.8	%
Total	$	822,021	$	1,010,681	$	1,832,702	100.0	%

Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. All loans accounted for under ASC 310-30 were classified as performing assets at December 31, 2012, regardless of past due status, as the carrying value of all of the respective pools’ cash flows were considered estimable. During the six months ended June 30, 2013, the Company determined that the cash flows of one covered commercial and industrial loan pool, with a balance of $18.7 million at June 30, 2013, were no longer reasonably estimable, and in accordance with the guidance in ASC 310-30, this pool was put on non-accrual status. Interest income was recognized on all accruing loans accounted for under ASC 310-30 through accretion of the difference between the carrying value of the loans and the expected cash flows.

Pooled loans accounted for under ASC 310-30 that are 90 days or more past due and still accreting are generally considered to be performing and are included in loans 90 days or more past due and still accruing. At June 30, 2013 and December 31, 2012, $14.2 million and $23.1 million, respectively, of loans excluded from the scope of ASC 310-30 were on non-accrual and $18.7 million of loans accounted for under ASC 310-30 were on non-accrual status at June 30, 2013. Loan delinquency for all loans is shown in the following tables at June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	604	$	81	$	879	$	1,564	$	202,325	$	203,889	$	20	$	1,714
Commercial real estate
Construction	—		—		—		—		6,516		6,516		—		—
Acquisition/development	47		404		—		451		10,727		11,178		—		1
Multifamily	935		—		—		935		7,802		8,737		—		186
Owner-occupied	71		172		106		349		70,106		70,455		—		893
Non owner-occupied	138		—		4,713		4,851		165,918		170,769		—		5,277
Total commercial real estate	1,191		576		4,819		6,586		261,069		267,655		—		6,357
Agriculture	20		—		—		20		113,408		113,428		—		205
Residential real estate
Senior lien	1,149		102		1,417		2,668		437,779		440,447		—		5,214
Junior lien	151		47		220		418		51,489		51,907		—		458
Total residential real estate	1,300		149		1,637		3,086		489,268		492,354		—		5,672
Consumer	320		17		5		342		28,154		28,496		5		256
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Covered loans excluded from ASC 310-30	393		56		688		1,137		63,184		64,321		—		2,747
Non-covered loans excluded from ASC 310-30	3,042		767		6,652		10,461		1,031,040		1,041,501		25		11,457
Total loans excluded from ASC 310-30	3,435		823		7,340		11,598		1,094,224		1,105,822		25		14,204
Loans accounted for under ASC 310-30
Commercial	746		123		5,401		6,270		67,056		73,326		5,324		18,661
Commercial real estate	2,600		9,078		81,618		93,296		316,065		409,361		81,618		—
Agriculture	2,154		—		2,688		4,842		37,279		42,121		2,688		—
Residential real estate	1,410		817		3,453		5,680		76,099		81,779		3,453		—
Consumer	153		100		61		314		10,564		10,878		61		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Covered loans accounted for under ASC 310-30	2,781		6,357		75,461		84,599		304,885		389,484		75,384		18,661
Non-covered loans accounted for under ASC 310-30	4,282		3,761		17,760		25,803		202,178		227,981		17,760		—
Total loans accounted for under ASC 310-30	7,063		10,118		93,221		110,402		507,063		617,465		93,144		18,661
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865
Covered loans	$	3,174	$	6,413	$	76,149	$	85,736	$	368,069	$	453,805	$	75,384	$	21,408
Non-covered loans	7,324		4,528		24,412		36,264		1,233,218		1,269,482		17,785		11,457
Total loans	$	10,498	$	10,941	$	100,561	$	122,000	$	1,601,287	$	1,723,287	$	93,169	$	32,865

	Total Loans December 31, 2012
	30-59 days  past due		60-89 days past due		Greater than 90 days past due		Total  past due		Current		Total loans		Loans > 90 days past due and still accruing		Non- accrual
Loans excluded from ASC 310-30
Commercial	$	846	$	148	$	1,122	$	2,116	$	185,303	$	187,419	$	—	$	4,500
Commercial real estate
Construction	—		—		—		—		3,915		3,915		—		—
Acquisition/development	1,948		—		—		1,948		8,485		10,433		—		75
Multifamily	—		—		34		34		13,387		13,421		—		237
Owner-occupied	97		106		1,074		1,277		56,490		57,767		—		3,365
Non owner-occupied	—		122		5,123		5,245		148,183		153,428		—		7,992
Total commercial real estate	2,045		228		6,231		8,504		230,460		238,964		—		11,669
Agriculture	33		40		11		84		125,590		125,674		—		251
Residential real estate
Senior lien	1,261		119		1,825		3,205		373,243		376,448		22		5,815
Junior lien	181		—		110		291		50,538		50,829		—		593
Total residential real estate	1,442		119		1,935		3,496		423,781		427,277		22		6,408
Consumer	447		48		3		498		30,849		31,347		3		291
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Covered loans excluded from ASC 310-30	75		51		2,062		2,188		78,086		80,274		—		6,045
Non-covered loans excluded from ASC 310-30	4,738		532		7,240		12,510		917,897		930,407		25		17,074
Total loans excluded from ASC 310-30	4,813		583		9,302		14,698		995,983		1,010,681		25		23,119
Loans accounted for under ASC 310-30
Commercial	521		563		5,621		6,705		76,464		83,169		5,621		—
Commercial real estate	10,060		3,928		129,656		143,644		422,391		566,035		129,656		—
Agriculture	1,247		16		2,768		4,031		43,702		47,733		2,768		—
Residential real estate	1,247		207		5,463		6,917		99,183		106,100		5,463		—
Consumer	297		327		3,253		3,877		15,107		18,984		3,253		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Covered loans accounted for under ASC 310-30	9,855		3,613		116,883		130,351		397,597		527,948		116,883		—
Non-covered loans accounted for under ASC 310-30	3,517		1,428		29,878		34,823		259,250		294,073		29,878		—
Total loans accounted for under ASC 310-30	13,372		5,041		146,761		165,174		656,847		822,021		146,761		—
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119
Covered loans	$	9,930	$	3,664	$	118,945	$	132,539	$	475,683	$	608,222	$	116,883	$	6,045
Non-covered loans	8,255		1,960		37,118		47,333		1,177,147		1,224,480		29,903		17,074
Total loans	$	18,185	$	5,624	$	156,063	$	179,872	$	1,652,830	$	1,832,702	$	146,786	$	23,119

Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows as of June 30, 2013 and December 31, 2012, respectively (in thousands):

	Total Loans June 30, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	155,575	$	6,118	$	41,724	$	472	$	203,889
Commercial real estate
Construction	6,516		—		—		—		6,516
Acquisition/development	2,344		2,766		6,068		—		11,178
Multifamily	7,587		—		1,113		37		8,737
Owner-occupied	61,770		877		7,808		—		70,455
Non owner-occupied	134,175		27,283		9,311		—		170,769
Total commercial real estate	212,392		30,926		24,300		37		267,655
Agriculture	111,792		784		852		—		113,428
Residential real estate
Senior lien	431,305		1,708		6,860		574		440,447
Junior lien	49,446		206		2,255		—		51,907
Total residential real estate	480,751		1,914		9,115		574		492,354
Consumer	28,234		—		255		7		28,496
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Covered loans excluded from ASC 310-30	33,346		3,637		26,485		853		64,321
Non-covered loans excluded from ASC 310-30	955,398		36,105		49,761		237		1,041,501
Total loans excluded from ASC 310-30	988,744		39,742		76,246		1,090		1,105,822
Loans accounted for under ASC 310-30
Commercial	26,903		3,078		42,161		1,184		73,326
Commercial real estate	145,617		29,644		227,927		6,173		409,361
Agriculture	30,217		2,135		9,769		—		42,121
Residential real estate	50,147		6,381		25,251		—		81,779
Consumer	9,449		583		846		—		10,878
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Covered loans accounted for under ASC 310-30	143,764		28,616		210,880		6,224		389,484
Non-covered loans accounted for under ASC 310-30	118,569		13,205		95,074		1,133		227,981
Total loans accounted for under ASC 310-30	262,333		41,821		305,954		7,357		617,465
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287
Total covered	$	177,110	$	32,253	$	237,365	$	7,077	$	453,805
Total non-covered	1,073,967		49,310		144,835		1,370		1,269,482
Total loans	$	1,251,077	$	81,563	$	382,200	$	8,447	$	1,723,287

	Total Loans December 31, 2012
	Pass		Special Mention		Substandard		Doubtful		Total
Loans excluded from ASC 310-30
Commercial	$	137,537	$	9,776	$	38,696	$	1,410	$	187,419
Commercial real estate
Construction	3,915		—		—		—		3,915
Acquisition/development	6,727		—		3,706		—		10,433
Multifamily	8,409		3,798		1,201		13		13,421
Owner-occupied	44,129		4,006		9,632		—		57,767
Non owner-occupied	104,307		29,394		19,411		316		153,428
Total commercial real estate	167,487		37,198		33,950		329		238,964
Agriculture	120,471		1,359		3,844		—		125,674
Residential real estate
Senior lien	365,571		2,240		8,106		531		376,448
Junior lien	48,359		251		2,214		5		50,829
Total residential real estate	413,930		2,491		10,320		536		427,277
Consumer	31,050		—		276		21		31,347
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Covered loans excluded from ASC 310-30	32,117		9,974		36,427		1,756		80,274
Non-covered loans excluded from ASC 310-30	838,358		40,850		50,659		540		930,407
Total loans excluded from ASC 310-30	870,475		50,824		87,086		2,296		1,010,681
Loans accounted for under ASC 310-30
Commercial	29,719		3,628		42,101		7,721		83,169
Commercial real estate	162,122		60,787		329,869		13,257		566,035
Agriculture	34,599		1,242		11,892		—		47,733
Residential real estate	57,697		6,614		41,789		—		106,100
Consumer	14,489		723		3,772		—		18,984
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Covered loans accounted for under ASC 310-30	159,430		57,056		292,174		19,288		527,948
Non-covered loans accounted for under ASC 310-30	139,196		15,938		137,249		1,690		294,073
Total loans accounted for under ASC 310-30	298,626		72,994		429,423		20,978		822,021
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702
Total covered	$	191,547	$	67,030	$	328,601	$	21,044	$	608,222
Total non-covered	977,554		56,788		187,908		2,230		1,224,480
Total loans	$	1,169,101	$	123,818	$	516,509	$	23,274	$	1,832,702

Impaired Loans

Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with the contractual terms of the loan agreement. Included in impaired loans are loans excluded from ASC 310-30 on non-accrual status and troubled debt restructurings (“TDR’s”) described below. If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral dependent loans. At June 30, 2013, the Company measured $15.4 million of impaired loans using discounted cash flows and the loan’s initial contractual effective interest rate and $5.1 million of impaired loans based on the fair value of the collateral less selling costs. $9.2 million of impaired loans that individually are less than $250 thousand each, are measured through our general ALL reserves due to their relatively small size.

At June 30, 2013, the Company’s recorded investment in impaired loans was $29.7 million, $9.8 million of which was covered by loss sharing agreements. Impaired loans had a collective related allowance for loan losses allocated to them of $1.0 million at June 30, 2013. Additional information regarding impaired loans at June 30, 2013 is set forth in the table below (in thousands):

	Impaired Loans June 30, 2013
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	7,619	$	7,606	$	—	$	8,079	$	218
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	4,301		4,017		—		4,086		154
Non-owner occupied	6,275		4,953		—		5,312		—
Total commercial real estate	10,576		8,970		—		9,398		154
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	628		619		—		620		2
Junior lien	—		—		—		—		—
Total residential real estate	628		619		—		620		2
Consumer	—		—		—		—		—
Total impaired loans with no related allowance recorded	18,823		17,195		—		18,097		374
With a related allowance recorded:
Commercial	6,709		1,677		296		1,708		6
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		1		—		—		—
Multifamily	191		186		37		193		—
Owner-occupied	996		793		7		808		7
Non-owner occupied	906		760		5		765		7
Total commercial real estate	2,093		1,740		49		1,766		14
Agriculture	224		206		1		204		—
Residential real estate
Senior lien	7,830		7,070		610		7,166		42
Junior lien	1,704		1,509		17		1,523		25
Total residential real estate	9,534		8,579		627		8,689		67
Consumer	328		307		8		323		2
Total impaired loans with a related allowance recorded	18,888		12,509		981		12,690		89
Total impaired loans	$	37,711	$	29,704	$	981	$	30,787	$	463

At June 30, 2012, the Company’s recorded investment in impaired loans was $49.9 million, $7.8 million of which was covered by loss sharing agreements. The impaired loans had a collective related allowance for loan losses allocated to them of $1.9 million at June 30, 2012. The table below shows additional information regarding impaired loans at June 30, 2012 (in thousands):

	Impaired Loans June 30, 2012
	Unpaid principal balance		Recorded investment		Allowance for loan losses allocated		Average recorded investment		Interest income recognized
With no related allowance recorded:
Commercial	$	20,623	$	10,420	$	—	$	12,607	$	91
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	14,449		13,820		—		13,818		166
Multifamily	198		191		—		191		—
Owner-occupied	5,336		5,042		—		5,111		37
Non owner-occupied	10,273		9,387		—		9,748		16
Total commercial real estate	30,256		28,440		—		28,868		219
Agriculture	43		40		—		42		—
Residential real estate
Senior lien	3,393		3,081		—		3,143		4
Junior lien	285		259		—		267		—
Total residential real estate	3,678		3,340		—		3,410		4
Consumer	16		16		—		16		—
Total impaired loans with no related allowance recorded	54,616		42,256		—		44,943		314
With a related allowance recorded:
Commercial	2,013		2,011		1,165		2,052		10
Commercial real estate
Construction	—		—		—		—		—
Acquisition/development	—		—		—		—		—
Multifamily	—		—		—		—		—
Owner-occupied	372		358		137		358		—
Non owner-occupied	3,818		3,678		181		3,702		6
Total commercial real estate	4,190		4,036		318		4,060		6
Agriculture	—		—		—		—		—
Residential real estate
Senior lien	1,574		1,557		410		1,580		29
Junior lien	—		—		—		—		—
Total residential real estate	1,574		1,557		410		1,580		29
Consumer	—		—		—		—		—
Total impaired loans with a related allowance recorded	7,777		7,604		1,893		7,692		45
Total impaired loans	$	62,393	$	49,860	$	1,893	$	52,635	$	359

Troubled debt restructurings

It is the Company’s policy to review each prospective credit in order to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include restructuring a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Additionally, if a borrower’s repayment obligation has been discharged by a court, and that debt has not been reaffirmed by the borrower, regardless of past due status, the loan is considered to be a troubled debt restructuring (“TDR”). At June 30, 2013 and December 31, 2012, the Company had $14.9 million and $17.7 million, respectively, of accruing TDR’s that had been restructured from the original terms in order to facilitate repayment. Of these, $7.1 million and $5.0 million, respectively, were covered by FDIC loss sharing agreements.

Non-accruing TDR’s at June 30, 2013 and December 31, 2012 totaled $8.2 million and $12.9 million, respectively. Of these, $1.7 million were covered by the FDIC loss sharing agreements as of June 30, 2013 and $3.6 million were covered by the FDIC loss sharing agreements as of December 31, 2012.

During the six months ended June 30, 2013, the Company restructured twenty-three loans with a recorded investment of $4.3 million to facilitate repayment. Substantially all of the loan modifications were an extension of term and rate modifications. Loan modifications to loans accounted for under ASC 310-30 are not considered troubled debt restructurings. The table below provides additional information related to accruing TDR’s at June 30, 2013 and December 31, 2012 (in thousands):

	Accruing TDR’s
	June 30, 2013
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,484	$	11,848	$	11,752	$	165
Commercial real estate	436		437		442		1,426
Agriculture	—		—		—		—
Residential real estate	2,903		2,930		2,913		21
Consumer	47		49		47		—
Total	$	14,870	$	15,264	$	15,154	$	1,612

	Accruing TDR’s
	December 31, 2012
	Recorded investment		Average year-to- date recorded investment		Unpaid principal balance		Unfunded commitments to fund TDR’s
Commercial	$	11,474	$	13,171	$	11,794	$	6,908
Commercial real estate	3,597		3,708		3,734		—
Agriculture	—		—		—		—
Residential real estate	2,458		2,469		2,460		35
Consumer	191		195		191		—
Total	$	17,720	$	19,543	$	18,179	$	6,943

The following table summarizes the Company’s carrying value of non-accrual TDR’s as of June 30, 2013 and December 31, 2012 (in thousands):

	Non - Accruing TDR’s
	June 30, 2013				December 31, 2012
	Covered		Non-covered		Covered		Non-covered
Commercial	$	104	$	643	$	1,736	$	1,215
Commercial real estate	186		4,953		313		6,823
Agriculture	—		—		—		21
Residential real estate	1,434		619		1,514		958
Consumer	—		256		—		291
Total	$	1,724	$	6,471	$	3,563	$	9,308

Accrual of interest is resumed on loans that were on non-accrual at the time of restructuring, only after the loan has performed sufficiently. The Company had one TDR that had been modified within the past 12 months that defaulted on their restructured terms during the six months ended June 30, 2013. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. The defaulted TDR was a commercial real estate loan totaling $39 thousand.

Loans accounted for under ASC Topic 310-30

Loan pools accounted for under ASC Topic 310-30 are periodically remeasured to determine expected future cash flows. In determining the expected cash flows, the timing of cash flows and prepayment assumptions for smaller homogeneous loans are based on statistical models that take into account factors such as the loan interest rate, credit profile of the borrowers, the years in which the loans were originated, and whether the loans are fixed or variable rate loans. Prepayments may be assumed on large loans if circumstances specific to that loan warrant a prepayment assumption. No prepayments were presumed for small homogeneous commercial loans; however, prepayment assumptions are made that consider similar prepayment factors listed above for smaller homogeneous loans. The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during the six months ended June 30, 2013 and 2012 (in thousands):

	June 30, 2013			June 30, 2012
Accretable yield beginning balance	$	133,585		$	186,494
Reclassification from non-accretable difference	37,725			29,483
Reclassification to non-accretable difference	(2,755		)	(5,651		)
Accretion	(40,013		)	(52,244		)
Accretable yield ending balance	$	128,542		$	158,082

The accretable yield of $128.5 million at June 30, 2013 includes $1.4 million of accretable yield related to the loan pool that was put on non-accrual status during the six months ended June 30, 2013. This accretable yield is not being accreted to income and its recognition will be deferred until full recovery of the carrying value of this pool is realized.

Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2013 and December 31, 2012 (in thousands):

	June 30, 2013			December 31, 2012
Contractual cash flows	$	1,199,710		$	1,444,279
Non-accretable difference	(453,703		)	(488,673		)
Accretable yield	(128,542		)	(133,585		)
Loans accounted for under ASC 310-30	$	617,465		$	822,021

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Deposits (Narrative) (Detail) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Banking and Thrift [Abstract]
Total Deposits	$ 3,987,727,000	$ 4,200,719,000
Time deposits	1,596,966,000	1,752,718,000
Time deposits that were subject to penalty-free withdrawals	$ 111,900,000	$ 164,300,000

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Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Summary of Activity in OREO Balances

A summary of the activity in the OREO balances during the six months ended June 30, 2013 and 2012 is as follows (in thousands):

	For the three months ended For the six months ended June 30,
	2013			2012
Beginning balance	$	94,808		$	120,636
Transfers from loan portfolio, at fair value	25,379			56,100
Impairments	(7,148		)	(7,213		)
Sales	(37,672		)	(35,851		)
Gain on sale of OREO, net	3,932			4,040
Ending balance	$	79,299		$	137,712

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Investment Securities (Summary of Contractual Maturities Available-for-Sale Investment Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, Amortized cost	$ 0
Due after one year through five years, Amortized cost	43,576
Due after five years through ten years, Amortized cost	220,611
Due after ten years, Amortized cost	1,790,160
Other securities, Amortized cost	419
Total investment securities available-for-sale, Amortized cost	2,054,766
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, Fair Value	0
Due after one year through five years, Fair Value	43,586
Due after five years through ten years, Fair Value	219,889
Due after ten years, Fair Value	1,782,642
Other Securities, Fair Value	419
Fair Value	$ 2,046,536	$ 1,718,028

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Other Real Estate Owned

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Other Real Estate Owned

Other Real Estate Owned

A summary of the activity in the OREO balances during the six months ended June 30, 2013 and 2012 is as follows (in thousands):

	For the three months ended For the six months ended June 30,
	2013			2012
Beginning balance	$	94,808		$	120,636
Transfers from loan portfolio, at fair value	25,379			56,100
Impairments	(7,148		)	(7,213		)
Sales	(37,672		)	(35,851		)
Gain on sale of OREO, net	3,932			4,040
Ending balance	$	79,299		$	137,712

The OREO balances include the interests of several outside participating banks totaling $4.0 million at June 30, 2013, $5.3 million at December 31, 2012, and $17.9 million at June 30, 2012, for which an offsetting liability is recorded in other liabilities. It excludes $10.7 million, $10.6 million and $12.2 million, for the same respective periods, of the Company’s minority interests in OREO which are held by outside banks where the Company was not the lead bank and does not have a controlling interest, for which the Company maintains a receivable in other assets.

Of the $79.3 million of OREO at June 30, 2013, $45.5 million, or 57.4%, was covered by loss sharing agreements with the FDIC. Any losses on these assets are substantially offset by a corresponding change in the FDIC indemnification asset. During the six months ended June 30, 2013, the Company sold $37.7 million of OREO and realized net gains on these sales of $3.9 million.

Of the $137.7 million of OREO at June 30, 2012, $77.5 million, or 56.3%, was covered by the loss sharing agreements with the FDIC. Any losses on these assets are substantially offset by a corresponding change in the FDIC indemnification asset. During the six months ended June 30, 2012, the Company sold $35.9 million of OREO and realized net gains on these sales of $4.0 million.

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Fair Value Measurements (Tables of Financial Instruments Measured At Fair Value on Recurring Basis) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 2,046,536	$ 1,718,028
Total liabilities at fair value	36,403	36,732
Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	419	419
Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	5,158	5,461
Clawback Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	31,245	31,271
Investment Securities Available-For-Sale [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		300
Investment Securities Available-For-Sale [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	43,578	90,003
Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	560,135	678,017
Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1,442,404	949,289
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	300
Total liabilities at fair value	0	0
Level 1 [Member] | Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 1 [Member] | Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Level 1 [Member] | Clawback Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Level 1 [Member] | Investment Securities Available-For-Sale [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		300
Level 1 [Member] | Investment Securities Available-For-Sale [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 1 [Member] | Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 1 [Member] | Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	2,046,117	1,717,309
Total liabilities at fair value	0	0
Level 2 [Member] | Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 2 [Member] | Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Level 2 [Member] | Clawback Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Level 2 [Member] | Investment Securities Available-For-Sale [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		0
Level 2 [Member] | Investment Securities Available-For-Sale [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	43,578	90,003
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	560,135	678,017
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1,442,404	949,289
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	419	419
Total liabilities at fair value	36,403	36,732
Level 3 [Member] | Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	419	419
Level 3 [Member] | Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	5,158	5,461
Level 3 [Member] | Clawback Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	31,245	31,271
Level 3 [Member] | Investment Securities Available-For-Sale [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		0
Level 3 [Member] | Investment Securities Available-For-Sale [Member] | Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 3 [Member] | Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Level 3 [Member] | Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 0	$ 0

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Investment Securities

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

The Company’s investment securities portfolio is comprised of available-for-sale and held-to-maturity investment securities. These investment securities totaled $2.6 billion at June 30, 2013, an increase from $2.3 billion at December 31, 2012. Included in the aforementioned $2.6 billion was $2.0 billion of available-for-sale securities and $0.6 billion of held-to-maturity securities.

Available-for-sale

Available-for-sale investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset backed securities	$	43,568	$	10	$	—		$	43,578
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	553,871		8,376		(2,112		)	560,135
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,456,908		12,706		(27,210		)	1,442,404
Other securities	419		—		—			419
Total	$	2,054,766	$	21,092	$	(29,322	)	$	2,046,536

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury securities	$	300	$	—	$	—		$	300
Asset backed securities	89,881		122		—			90,003
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	658,169		19,849		(1		)	678,017
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	931,979		17,630		(320		)	949,289
Other securities	419		—		—			419
Total	$	1,680,748	$	37,601	$	(321	)	$	1,718,028

At June 30, 2013 and December 31, 2012, mortgage-backed securities represented 97.9% and 94.7%, respectively, of the Company’s available-for-sale investment portfolio and all mortgage-backed securities were backed by government sponsored enterprises (“GSE”) collateral such as Federal Home Loan Mortgage Corporation (“FHLMC”) and Federal National Mortgage Association (“FNMA”), and the government sponsored agency Government National Mortgage Association (“GNMA”).

The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period (in thousands):

	June 30, 2013
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	264,915	$	(2,111	)	$	15	$	(1	)	$	264,930	$	(2,112	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	1,010,827		(27,210		)	—		—			1,010,827		(27,210		)
Total	$	1,275,742	$	(29,321	)	$	15	$	(1	)	$	1,275,757	$	(29,322	)

	December 31, 2012
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	17	$	—		$	8	$	(1	)	$	25	$	(1	)
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	130,686		(320		)	—		—			130,686		(320		)
Total	$	130,703	$	(320	)	$	8	$	(1	)	$	130,711	$	(321	)

Management evaluated all of the securities in an unrealized loss position and concluded that no other-than-temporary-impairment existed at June 30, 2013 or December 31, 2012. The Company had no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost.

The Company pledges certain securities as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the Federal Reserve Bank, if needed. The fair value of available-for-sale investment securities pledged as collateral totaled $166.1 million at June 30, 2013 and $89.2 millionDecember 31, 2012. The increase of pledged available-for-sale investment securities was primarily attributable to the increase in securities sold under agreements to repurchase during the six months ended June 30, 2013. Certain investment securities may also be pledged as collateral should the Company utilize its line of credit at the FHLB of Des Moines; however, no investment securities were pledged for this purpose at June 30, 2013 or December 31, 2012.

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the available-for-sale investment portfolio as of June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	43,576		43,586
Due after five years through ten years	220,611		219,889
Due after ten years	1,790,160		1,782,642
Other securities	419		419
Total investment securities available-for-sale	$	2,054,766	$	2,046,536

Actual maturities of mortgage-backed securities may differ from contractual maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average life of the available-for-sale mortgage-backed securities portfolio was 3.8 years as of June 30, 2013 and 3.4 years as of December 31, 2012. This estimate is based on assumptions and actual results may differ. Other securities of $0.4 million have no stated contractualmaturity date as of June 30, 2013.

Held-to-maturity

At June 30, 2013 and December 31, 2012 the Company held $592.7 million and $577.5 million of held-to-maturity investment securities, respectively. During the first quarter of 2012 the Company transferred securities with a fair value of $754.1 million from an available-for-sale classification to the held-to-maturity classification. During the six months ended June 30, 2013, the Company purchased $127.8 million of held-to-maturity investment securities. Held-to-maturity investment securities are summarized as follows as of the dates indicated (in thousands):

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	509,690	$	—	$	(3,528	)	$	506,162
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises	82,971		—		(2,303		)	80,668
Total investment securities held-to-maturity	$	592,661	$	—	$	(5,831	)	$	586,830

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	577,486	$	7,065	$	—	$	584,551
Total investment securities held-to-maturity	$	577,486	$	7,065	$	—	$	584,551

The table below summarizes the contractual maturities, as of the last scheduled repayment date, of the held-to-maturity investment portfolio at June 30, 2013 (in thousands):

	Amortized Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	—		—
Due after ten years	592,661		586,830
Other securities	—		—
Total investment securities held-to-maturity	$	592,661	$	586,830

The carrying value of held-to-maturity investment securities pledged as collateral totaled $149.5 million and $127.9 million at June 30, 2013 and December 31, 2012, respectively. Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio as of June 30, 2013 and December 31, 2012 was 4.0 and 3.8 years, respectively. This estimate is based on assumptions and actual results may differ.

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Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, unless otherwise specified	Total	Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Treasury stock [Member]	Accumulated other comprehensive income, net [Member]
Balance in the beginning at Dec. 31, 2011	$ 1,088,729	$ 522	$ 994,705	$ 46,480	$ 0	$ 47,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,345	0	0	4,345	0	0
Stock-based compensation	4,258	0	4,258	0	0	0
Other comprehensive loss	(591)	0	0	0	0	(591)
Balance in the ending at Jun. 30, 2012	1,096,741	522	998,963	50,825	0	46,431
Balance in the beginning at Dec. 31, 2012	1,090,559	523	1,006,194	43,273	(4)	40,573
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,980	0	0	4,980	0	0
Stock-based compensation	2,667	0	2,667	0	0	0
(Repurchase) /retirement of shares	(17,328)	(9)	(17,323)	0	4	0
Dividends paid ($0.10 per share)	(5,312)	0	0	(5,312)	0	0
Other comprehensive loss	(31,323)	0	0	0	0	(31,323)
Balance in the ending at Jun. 30, 2013	$ 1,044,243	$ 514	$ 991,538	$ 42,941	$ 0	$ 9,250

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Loans (Additional Information Related to Accruing TDR's) (Detail) (Accruing TDR [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Loans [Line Items]
Recorded investment	$ 14,870	$ 17,720
Average year-to- date recorded investment	15,264	19,543
Unpaid principal balance	15,154	18,179
Unfunded commitments to fund TDR’s	1,612	6,943
Commercial [Member]
Loans [Line Items]
Recorded investment	11,484	11,474
Average year-to- date recorded investment	11,848	13,171
Unpaid principal balance	11,752	11,794
Unfunded commitments to fund TDR’s	165	6,908
Commercial Real Estate [Member]
Loans [Line Items]
Recorded investment	436	3,597
Average year-to- date recorded investment	437	3,708
Unpaid principal balance	442	3,734
Unfunded commitments to fund TDR’s	1,426	0
Agriculture [Member]
Loans [Line Items]
Recorded investment	0	0
Average year-to- date recorded investment	0	0
Unpaid principal balance	0	0
Unfunded commitments to fund TDR’s	0	0
Residential Real Estate Segment [Member]
Loans [Line Items]
Recorded investment	2,903	2,458
Average year-to- date recorded investment	2,930	2,469
Unpaid principal balance	2,913	2,460
Unfunded commitments to fund TDR’s	21	35
Consumer [Member]
Loans [Line Items]
Recorded investment	47	191
Average year-to- date recorded investment	49	195
Unpaid principal balance	47	191
Unfunded commitments to fund TDR’s	$ 0	$ 0

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Loans Troubled Debt Restructuring and Loans Accounted for Under ASC Topic 310-30 Narratives (Details) (USD $)						6 Months Ended		12 Months Ended			6 Months Ended	12 Months Ended
	Jun. 30, 2013 SecurityLoan	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2013 Non Accrual [Member]	Jun. 30, 2013 Troubled Debt Restructurings [Member] SecurityLoan	Jun. 30, 2013 Troubled Debt Restructurings [Member] Accruing [Member]	Dec. 31, 2012 Troubled Debt Restructurings [Member] Accruing [Member]	Jun. 30, 2013 Troubled Debt Restructurings [Member] Non Accrual [Member]	Dec. 31, 2012 Troubled Debt Restructurings [Member] Non Accrual [Member]	Jun. 30, 2013 FDIC Covered [Member]	Dec. 31, 2012 FDIC Covered [Member]	Jun. 30, 2013 FDIC Covered [Member] Troubled Debt Restructurings [Member] Non Accrual [Member]	Dec. 31, 2012 FDIC Covered [Member] Troubled Debt Restructurings [Member] Non Accrual [Member]	Jun. 30, 2013 Commercial And Industrial Loan, A Commercial Real Estate Loan, And A Single Family Residential Loan [Member]
Debt Instrument [Line Items]
Accretable yield related for loan pool in non-accrual status	$ 128,542,000	$ 133,585,000	$ 158,082,000	$ 186,494,000	$ 1,400,000
TDR’s modified within the past year that defaulted on their restructured terms	1
Accruing troubled debt restructurings							14,900,000	17,700,000			7,100,000	5,000,000
Carrying amount of loan investments	1,723,287,000	1,832,702,000	1,978,003,000						8,200,000	12,900,000			1,700,000	3,600,000
Number of restructured loans						23
Recorded investment						4,300,000
Commercial and Industry loan															$ 39,000

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FDIC Loss Sharing Income (Tables)

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Schedule of Additional Details of Company's FDIC Loss Sharing Income

The table below provides additional details of the Company’s FDIC loss sharing income during the three and six months ended June 30, 2013 and 2012 (in thousands):

	For the three months ended						For the six months ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Clawback liability amortization	$	(310	)	$	(357	)	$	(623	)	$	(711	)
Clawback liability remeasurement	76			1,077			649			1,067
Reimbursement (to) from FDIC for (gain) loss on sale of and income from covered OREO	(1,241		)	(163		)	(2,101		)	434
Reimbursement to FDIC for recoveries	(7		)	—			(22		)	(1		)
FDIC reimbursement of costs of resolution of covered assets	2,675			3,519			6,566			6,986
Total	$	1,193		$	4,076		$	4,469		$	7,775

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FDIC Loss Sharing Income (Schedule of Additional Details of Company's FDIC Loss Sharing Income) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Banking and Thrift [Abstract]
Clawback liability amortization	$ (310)	$ (357)	$ (623)	$ (711)
Clawback liability remeasurement	76	1,077	649	1,067
Reimbursement (to) from FDIC for (gain) loss on sale of and income from covered OREO	(1,241)	(163)	(2,101)	434
Reimbursement to FDIC for recoveries	(7)	0	(22)	(1)
FDIC reimbursement of costs of resolution of covered assets	2,675	3,519	6,566	6,986
Total	$ 1,193	$ 4,076	$ 4,469	$ 7,775

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FDIC Indemnification Asset (Narrative) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Banking and Thrift [Abstract]
Negative accretion on the FDIC indemnification asset	$ (2,966,000)	$ (2,646,000)	$ (7,635,000)	$ (6,333,000)
Decrease in carrying value of FDIC indemnification asset			21,000,000	68,500,000
Loss share claims to the FDIC for the reimbursable portion of losses				74,100,000
Payment received from FDIC related to losses incurred			$ 67,600,000

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FDIC Loss Sharing Income

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

FDIC Loss Sharing Income

FDIC Loss Sharing Income

In connection with the loss sharing agreements that the Company has with the FDIC with regard to the Hillcrest Bank and Community Banks of Colorado transactions, the Company recognizes the actual reimbursement of costs of resolution of covered assets from the FDIC through the statements of operations. The table below provides additional details of the Company’s FDIC loss sharing income during the three and six months ended June 30, 2013 and 2012 (in thousands):

	For the three months ended						For the six months ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Clawback liability amortization	$	(310	)	$	(357	)	$	(623	)	$	(711	)
Clawback liability remeasurement	76			1,077			649			1,067
Reimbursement (to) from FDIC for (gain) loss on sale of and income from covered OREO	(1,241		)	(163		)	(2,101		)	434
Reimbursement to FDIC for recoveries	(7		)	—			(22		)	(1		)
FDIC reimbursement of costs of resolution of covered assets	2,675			3,519			6,566			6,986
Total	$	1,193		$	4,076		$	4,469		$	7,775

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FDIC Indemnification Asset

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

FDIC Indemnification Asset

FDIC Indemnification Asset

Under the terms of the purchase and assumption agreement with the FDIC with regard to the Hillcrest Bank and Community Banks of Colorado acquisitions, the Company is reimbursed for a portion of the losses incurred on covered assets. As covered assets are resolved, whether it be through repayment, short sale of the underlying collateral, the foreclosure on and sale of collateral, or the sale or charge-off of loans or OREO, any differences between the carrying value of the covered assets versus the payments received during the resolution process, that are reimbursable by the FDIC, are recognized in the consolidated statements of operations as FDIC loss sharing income. Any gains or losses realized from the resolution of covered assets reduce or increase, respectively, the amount recoverable from the FDIC.

Below is a summary of the activity related to the FDIC indemnification asset during the six months ended June 30, 2013 and 2012 (in thousands):

	For the six months ended
	June 30, 2013			June 30, 2012
Balance at beginning of period	$	86,923		$	223,402
Accretion	(7,635		)	(6,333		)
FDIC portion of charge-offs exceeding fair value marks	1,644			5,533
Reduction for claims filed	(21,049		)	(74,075		)
Balance at end of period	$	59,883		$	148,527

During the six months ended June 30, 2013, the Company recognized $7.6 million of negative accretion on the FDIC indemnification asset, and reduced the carrying value of the FDIC indemnification asset by $21.0 million as a result of claims filed with the FDIC. The negative accretion resulted from an overall increase in actual and expected cash flows on the underlying covered assets, resulting in lower expected reimbursements from the FDIC. The increase in overall expected cash flows from these underlying assets is reflected in increased accretion rates on covered loans and is being recognized over the expected remaining lives of the underlying covered loans as an adjustment to yield. The loss claims filed are subject to review and approval, including extensive audits, by the FDIC or its assigned agents for compliance with the terms in the loss sharing agreements. During the six months ended June 30, 2013, the Company received $67.6 million in payments from the FDIC.

During the six months ended June 30, 2012, the Company recognized $6.3 million of negative accretion on the FDIC indemnification asset, and reduced the carrying value of the FDIC indemnification asset by $68.5 million as a result of claims filed with the FDIC. During the six months ended June 30, 2012, the Company submitted $74.1 million of loss-share claims to the FDIC for the reimbursable portion of losses related to the Hillcrest Bank and Community Banks of Colorado covered assets.

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Stock-Based Compensation and Employee Benefits (Schedule Of Weighted Average Assumptions Using Black-Scholes option-Pricing Model) (Detail) (Black-Scholes [Member])	6 Months Ended
	Jun. 30, 2013
Black-Scholes [Member]
Share Based Compensation [Line Items]
Risk-free interest rate	1.02%
Expected volatility	31.85%
Expected term (years)	6 years 8 months 12 days
Dividend yield	1.11%

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Income Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

The Company calculates income per share under the two-class method, as certain non-vested share awards contain nonforfeitable rights to dividends. As such, these awards are considered securities that participate in the earnings of the Company. Non-vested shares are discussed further in note 11.

The Company had 51,377,198 and 52,191,239 shares outstanding (inclusive of Class A and B) as of June 30, 2013 and 2012, respectively. Certain stock options, non-vested restricted shares and warrants are potentially dilutive securities, but are not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive for three and six months ended June 30, 2013 and 2012, respectively.

The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2013 and 2012 (in thousands, except share and earnings per share information):

	For the three months ended					For the six months ended
	June 30, 2013			June 30, 2012		June 30, 2013			June 30, 2012
Distributed earnings	$	2,649		$	—	$	5,312		$	—
Undistributed earnings (distributions in excess of earnings)	249			2,702		(332		)	4,345
Net income	2,898			2,702		4,980			4,345
Less: earnings allocated to participating securities	(7		)	—		(7		)	—
Earnings allocated to common stockholders	$	2,891		$	2,702	$	4,973		$	4,345
Weighted average shares outstanding for basic earnings per common share	52,055,434			52,191,239		52,187,295			52,184,051
Dilutive effect of equity awards	25,892			127,931		25,898			127,297
Weighted average shares outstanding for diluted earnings per common share	52,081,326			52,319,170		52,213,193			52,311,348
Basic earnings per share	$	0.06		$	0.05	$	0.10		$	0.10
Diluted earnings per share	$	0.06		$	0.05	$	0.10		$	0.10

The Company had 3,592,025 and 3,473,332 outstanding stock options to purchase common stock at weighted average exercise prices of $19.91 and $20.00 per share at June 30, 2013 and 2012, respectively, which were not included in the computations of diluted income per share because the options’ exercise price was greater than the average market price of the common shares during those periods. Additionally, the Company had 830,750 outstanding warrants to purchase the Company’s common stock as of June 30, 2013 and 2012. The warrants have an exercise price of $20.00, which was out-of-the-money for purposes of dilution calculations during both periods. The Company had 1,086,444 and 1,174,792 unvested restricted shares outstanding as of June 30, 2013 and 2012, respectively, which have performance, market and time-vesting criteria, and as such, any dilution is derived only for the timeframe in which the vesting criteria had been met and where the inclusion of those restricted shares is dilutive

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Stock-based Compensation and Employee Benefits

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Stock-based Compensation and Employee Benefits

Stock-based Compensation and Employee Benefits

The Company issued stock options in accordance with the NBH Holdings Corp. 2009 Equity Incentive Plan (the “Plan”) during the six months ended June 30, 2013. These option awards vest on a graded basis over 1-4 years of continuous service and have 10-year contractual terms. The expense associated with the awarded stock options was measured at fair value using a Black-Scholes option-pricing model using the following weighted average assumptions:

	Black-Scholes
Risk-free interest rate	1.02	%
Expected volatility	31.85	%
Expected term (years)	6.70
Dividend yield	1.11	%

Expected volatility was calculated using a time-based weighted migration of the Company’s own stock price volatility coupled with those of a peer group of 9 comparable publicly traded companies for a period commensurate with the expected term of the options. The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. The expected term was estimated to be the average of the contractual vesting term and time to expiration. The dividend yield was assumed to be $0.05 per share per quarter. Options granted during the six months ended June 30, 2013 had weighted average grant date fair values of $5.30 per share.

The following table summarizes option activity for the six months ended June 30, 2013:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding at December 31, 2012	3,471,665		$	19.98	6.94	$	22,800.00
Granted during the six months ended June 30, 2013	148,350		18.28
Forfeited	(27,990	)	19.80
Exercised	—		—
Outstanding at June 30, 2013	3,592,025		$	19.91	6.40	$	254,961.70
Options fully vested and exercisable at June 30, 2013	2,588,832		$	20.00	6.46	$	—
Options expected to vest	974,140		$	19.71	6.61	$	231,670.53

Stock option expense is included in salaries and employee benefits in the accompanying consolidated statements of operations and totaled $0.6 million and $1.1 million for the three months ended June 30, 2013 and 2012, respectively, and $1.3 million and $2.0 million of the six months ended June 30, 2013 and 2012, respectively. At June 30, 2013, there was $2.2 million of total unrecognized compensation cost related to non-vested stock options granted under the Plan. The cost is expected to be recognized over a weighted average period of 0.7 years.

Expense related to non-vested restricted stock totaled $0.7 million and $1.0 million during the three months ended June 30, 2013 and 2012, respectively, and $1.4 million and $2.3 million during the six months ended June 30, 2013 and 2012, respectively, and is included in salaries and employee benefits in the Company’s consolidated statements of operations. As of June 30, 2013, there was $3.1 million of total unrecognized compensation cost related to non-vested restricted shares granted under the Plan, which is expected to be recognized over a weighted average period of 1.0 years. The following table summarizes restricted stock activity for the six months ended June 30, 2013:

	Total Restricted Shares		Weighted Average Grant-Date Fair Value
Unvested at December 31, 2012	951,668		$	14.79
Granted	136,768		18.09
Forfeited	(1,992	)	18.09
Unvested at June 30, 2013	1,086,444		$	15.20

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 09, 2013 Common Class A [Member]	Aug. 09, 2013 Common Class B [Member]
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	NBHC
Entity Registrant Name	National Bank Holdings Corp
Entity Central Index Key	0001475841
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		45,409,579	5,967,619

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Common Stock

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Common Stock

Common Stock

The Company had 45,409,579 shares of Class A common stock and 5,967,619 shares of Class B common stock outstanding as of June 30, 2013 and 46,368,483 shares of Class A common stock and 5,959,189 shares of Class B common stock outstanding as of December 31, 2012. Additionally, as of June 30, 2013 and December 31, 2012, the Company had 1,086,444 and 951,668 shares, respectively, of restricted Class A common stock issued but not yet vested under the NBH Holdings Corp. 2009 Equity Incentive Plan. Class A common stock possesses all of the voting power for all matters requiring action by holders of common stock, with certain limited exceptions. The Company’s certificate of incorporation provides that, except with respect to voting rights and conversion rights, the Class A common stock and Class B non-voting common stock are treated equally and identically.

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Other Real Estate Owned (Narrative) (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2011
Banking and Thrift [Abstract]
OREO balance	$ 79,299,000	$ 137,712,000	$ 94,808,000	$ 120,636,000
Interests of several outside participating banks	4,000,000	17,900,000	5,300,000
Minority interests in OREO which are held by outside banks	10,700,000	12,200,000	10,600,000
Percentage covered by the loss sharing agreements with the FDIC	57.40%	56.30%
Amount covered by the loss sharing agreements with the FDIC	45,500,000	77,500,000
Sale of OREO	37,672,000	35,851,000
Realized net gains on sales of OREO	$ 3,932,000	$ 4,040,000

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Other Real Estate Owned (Summary of Activity in OREO Balances) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Other Real Estate [Roll Forward]
Balance	$ 94,808	$ 120,636
Transfers from loan portfolio, at fair value	25,379	56,100
Impairments	(7,148)	(7,213)
Sales	(37,672)	(35,851)
Gain on sale of OREO, net	3,932	4,040
Balance	$ 79,299	$ 137,712