Loans (Tables)

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Summary of loans under portfolio

	September 30, 2012		December 31, 2011		September 30, 2011
	(In thousands)
Commercial loan portfolio:
Commercial	$	951,938	$	895,150	$	858,969
Real estate commercial	1,117,073		1,071,999		1,056,092
Real estate construction	56,071		73,355		72,851
Land development	34,811		44,821		46,978
Subtotal	2,159,893		2,085,325		2,034,890
Consumer loan portfolio:
Real estate residential	880,295		861,716		840,044
Consumer installment	538,412		484,058		526,573
Home equity	440,559		400,186		358,919
Subtotal	1,859,266		1,745,960		1,725,536
Total loans	$	4,019,159	$	3,831,285	$	3,760,426

Recorded investment of loans in the commercial loan portfolio by risk rating categories

	Commercial		Real Estate Commercial		Real Estate Construction		Land Development		Total
	(In thousands)
September 30, 2012
Originated Portfolio:
Risk Grades 1-5	$	772,555	$	793,237	$	37,346	$	12,348	$	1,615,486
Risk Grade 6	33,819		38,880		18		1,092		73,809
Risk Grade 7	17,091		30,971		—		5,313		53,375
Risk Grade 8	14,790		38,369		933		5,731		59,823
Risk Grade 9	427		2,942		—		—		3,369
Subtotal	838,682		904,399		38,297		24,484		1,805,862
Acquired Portfolio:
Risk Grades 1-5	97,308		192,903		17,774		7,556		315,541
Risk Grade 6	10,899		7,006		—		—		17,905
Risk Grade 7	2,107		11,672		—		—		13,779
Risk Grade 8	2,942		1,093		—		2,771		6,806
Risk Grade 9	—		—		—		—		—
Subtotal	113,256		212,674		17,774		10,327		354,031
Total	$	951,938	$	1,117,073	$	56,071	$	34,811	$	2,159,893
December 31, 2011
Originated Portfolio:
Risk Grades 1-5	$	706,040	$	692,193	$	54,029	$	14,791	$	1,467,053
Risk Grade 6	20,531		29,788		287		6,874		57,480
Risk Grade 7	26,238		48,648		—		2,400		77,286
Risk Grade 8	9,828		40,130		—		4,593		54,551
Risk Grade 9	898		4,308		—		1,597		6,803
Subtotal	763,535		815,067		54,316		30,255		1,663,173
Acquired Portfolio:
Risk Grades 1-5	111,846		231,669		18,883		8,358		370,756
Risk Grade 6	9,990		14,346		—		1,277		25,613
Risk Grade 7	3,101		8,556		—		596		12,253
Risk Grade 8	6,678		2,361		156		4,335		13,530
Risk Grade 9	—		—		—		—		—
Subtotal	131,615		256,932		19,039		14,566		422,152
Total	$	895,150	$	1,071,999	$	73,355	$	44,821	$	2,085,325
September 30, 2011
Originated Portfolio:
Risk Grades 1-5	$	661,237	$	673,659	$	53,044	$	15,762	$	1,403,702
Risk Grade 6	28,669		28,094		288		7,027		64,078
Risk Grade 7	26,096		50,709		52		851		77,708
Risk Grade 8	9,888		44,712		—		6,220		60,820
Risk Grade 9	916		4,142		—		1,657		6,715
Subtotal	726,806		801,316		53,384		31,517		1,613,023
Acquired Portfolio:
Risk Grades 1-5	111,354		231,467		19,324		8,979		371,124
Risk Grade 6	6,814		10,504		—		1,446		18,764
Risk Grade 7	4,762		10,180		—		688		15,630
Risk Grade 8	9,198		2,625		143		4,348		16,314
Risk Grade 9	35		—		—		—		35
Subtotal	132,163		254,776		19,467		15,461		421,867
Total	$	858,969	$	1,056,092	$	72,851	$	46,978	$	2,034,890

Recorded investment of loans in the consumer loan portfolio based on the credit risk profile of loans in a performing and nonperforming status

	Real  Estate Residential		Consumer Installment		Home Equity		Total Consumer
	(In thousands)
September 30, 2012
Originated Loans:
Performing	$	849,385	$	535,277	$	395,411	$	1,780,073
Nonperforming	15,640		962		4,010		20,612
Subtotal	865,025		536,239		399,421		1,800,685
Acquired Loans:
Performing	14,928		2,173		40,874		57,975
Nonperforming	342		—		264		606
Subtotal	15,270		2,173		41,138		58,581
Total	$	880,295	$	538,412	$	440,559	$	1,859,266
December 31, 2011
Originated Loans:
Performing	$	818,044	$	479,237	$	349,850	$	1,647,131
Nonperforming	22,708		1,707		3,783		28,198
Subtotal	840,752		480,944		353,633		1,675,329
Acquired Loans:
Performing	19,387		3,114		46,091		68,592
Nonperforming	1,577		—		462		2,039
Subtotal	20,964		3,114		46,553		70,631
Total	$	861,716	$	484,058	$	400,186	$	1,745,960
September 30, 2011
Originated Loans:
Performing	$	789,338	$	519,409	$	307,578	$	1,616,325
Nonperforming	28,329		2,931		4,446		35,706
Subtotal	817,667		522,340		312,024		1,652,031
Acquired Loans:
Performing	21,517		4,233		46,344		72,094
Nonperforming	860		—		551		1,411
Subtotal	22,377		4,233		46,895		73,505
Total	$	840,044	$	526,573	$	358,919	$	1,725,536

Summary of nonperforming loans

	September 30, 2012		December 31, 2011		September 30, 2011
	(In thousands)
Nonaccrual loans:
Commercial	$	15,217	$	10,726	$	10,804
Real estate commercial	41,311		44,438		48,854
Real estate construction and land development	6,664		6,190		7,877
Real estate residential	11,307		12,573		17,544
Consumer installment and home equity	3,825		4,467		6,033
Total nonaccrual loans	78,324		78,394		91,112
Accruing loans contractually past due 90 days or more as to interest or principal payments:
Commercial	273		1,381		282
Real estate commercial	247		374		415
Real estate construction and land development	—		287		—
Real estate residential	431		752		974
Consumer installment and home equity	1,147		1,023		1,344
Total accruing loans contractually past due 90 days or more as to interest or principal payments	2,098		3,817		3,015
Nonperforming TDRs:
Commercial loan portfolio	6,553		14,675		16,457
Consumer loan portfolio	3,902		9,383		9,811
Total nonperforming TDRs	10,455		24,058		26,268
Total nonperforming loans	$	90,877	$	106,269	$	120,395

Schedule of Impaired loans by classes

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
September 30, 2012
Impaired loans with a valuation allowance:
Commercial	$	6,743	$	7,357	$	2,240
Real estate commercial	19,694		22,593		5,344
Real estate construction	127		127		43
Land development	2,800		2,800		383
Real estate residential	15,958		15,958		649
Subtotal	45,322		48,835		8,659
Impaired loans with no related valuation allowance:
Commercial	19,768		24,517		—
Real estate commercial	36,225		48,187		—
Real estate construction	806		806		—
Land development	7,723		10,903		—
Real estate residential	14,907		14,907		—
Consumer installment	876		876		—
Home equity	2,949		2,949		—
Subtotal	83,254		103,145		—
Total impaired loans:
Commercial	26,511		31,874		2,240
Real estate commercial	55,919		70,780		5,344
Real estate construction	933		933		43
Land development	10,523		13,703		383
Real estate residential	30,865		30,865		649
Consumer installment	876		876		—
Home equity	2,949		2,949		—
Total	$	128,576	$	151,980	$	8,659
December 31, 2011
Impaired loans with a valuation allowance:
Commercial	$	6,362	$	7,650	$	1,480
Real estate commercial	20,050		21,370		6,775
Land development	902		934		327
Real estate residential	25,012		25,012		704
Subtotal	52,326		54,966		9,286
Impaired loans with no related valuation allowance:
Commercial	19,559		29,349		—
Real estate commercial	40,953		54,249		—
Real estate construction	156		934		—
Land development	10,187		15,788		—
Real estate residential	12,573		12,573		—
Consumer installment	1,707		1,707		—
Home equity	2,760		2,760		—
Subtotal	87,895		117,360		—
Total impaired loans:
Commercial	25,921		36,999		1,480
Real estate commercial	61,003		75,619		6,775
Real estate construction	156		934		—
Land development	11,089		16,722		327
Real estate residential	37,585		37,585		704
Consumer installment	1,707		1,707		—
Home equity	2,760		2,760		—
Total	$	140,221	$	172,326	$	9,286

	Recorded Investment		Unpaid Principal Balance		Related Valuation Allowance
	(In thousands)
September 30, 2011
Impaired loans with a valuation allowance:
Commercial	$	5,342	$	6,965	$	1,562
Real estate commercial	20,084		21,245		6,759
Land development	1,748		1,757		387
Real estate residential	21,416		21,416		618
Subtotal	48,590		51,383		9,326
Impaired loans with no related valuation allowance:
Commercial	24,454		32,108		—
Real estate commercial	44,844		58,929		—
Real estate construction	143		1,115		—
Land development	11,047		17,069		—
Real estate residential	17,544		17,544		—
Consumer installment	2,931		2,931		—
Home equity	3,102		3,102		—
Subtotal	104,065		132,798		—
Total impaired loans:
Commercial	29,796		39,073		1,562
Real estate commercial	64,928		80,174		6,759
Real estate construction	143		1,115		—
Land development	12,795		18,826		387
Real estate residential	38,960		38,960		618
Consumer installment	2,931		2,931		—
Home equity	3,102		3,102		—
Total	$	152,655	$	184,181	$	9,326

Th

Schedule presents information related to impaired loans

	Three Months Ended September 30, 2012				Nine Months Ended September 30, 2012
	Average Recorded Investment		Interest  Income Recognized While on Impaired Status		Average Recorded Investment		Interest  Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	28,683	$	149	$	27,684	$	602
Real estate commercial	54,524		212		59,063		642
Real estate construction	912		—		470		—
Land development	10,582		71		8,869		216
Real estate residential	33,652		288		37,861		1,031
Consumer installment	909		—		1,222		—
Home equity	2,940		—		2,910		—
Total	$	132,202	$	720	$	138,079	$	2,491

	Three Months Ended September 30, 2011				Nine Months Ended September 30, 2011
	Average Recorded Investment		Interest  Income Recognized While on Impaired Status		Average Recorded Investment		Interest  Income Recognized While on Impaired Status
	(In thousands)
Commercial	$	28,593	$	260	$	30,384	$	730
Real estate commercial	70,634		281		71,854		616
Real estate construction	145		2		192		10
Land development	13,414		86		13,940		270
Real estate residential	39,848		223		38,467		708
Consumer installment	2,916		—		2,844		—
Home equity	3,456		—		3,213		—
Total	$	159,006	$	852	$	160,894	$	2,334

Schedule representing the aging status of the recorded investment in loans by classes

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Nonaccrual Loans		Total Past Due		Current		Total Loans
	(In thousands)
September 30, 2012
Originated Portfolio:
Commercial	$	9,707	$	1,374	$	273	$	15,217	$	26,571	$	812,111	$	838,682
Real estate commercial	4,929		1,660		247		41,311		48,147		856,252		904,399
Real estate construction	—		—		—		933		933		37,364		38,297
Land development	48		—		—		5,731		5,779		18,705		24,484
Real estate residential	3,208		97		431		11,307		15,043		849,982		865,025
Consumer installment	3,299		470		—		876		4,645		531,594		536,239
Home equity	1,543		730		1,147		2,949		6,369		393,052		399,421
Total	$	22,734	$	4,331	$	2,098	$	78,324	$	107,487	$	3,499,060	$	3,606,547
Acquired Portfolio:
Commercial	$	—	$	15	$	3,356	$	—	$	3,371	$	109,885	$	113,256
Real estate commercial	1,262		—		2,390		—		3,652		209,022		212,674
Real estate construction	—		—		—		—		—		17,774		17,774
Land development	—		—		3,038		—		3,038		7,289		10,327
Real estate residential	80		—		343		—		423		14,847		15,270
Consumer installment	18		—		—		—		18		2,155		2,173
Home equity	138		39		264		—		441		40,697		41,138
Total	$	1,498	$	54	$	9,391	$	—	$	10,943	$	401,669	$	412,612
December 31, 2011
Originated Portfolio:
Commercial	$	5,207	$	6,268	$	1,381	$	10,726	$	23,582	$	739,953	$	763,535
Real estate commercial	9,967		3,241		374		44,438		58,020		757,047		815,067
Real estate construction	—		—		287		—		287		54,029		54,316
Land development	—		—		—		6,190		6,190		24,065		30,255
Real estate residential	5,591		76		752		12,573		18,992		821,760		840,752
Consumer installment	3,449		1,174		—		1,707		6,330		474,614		480,944
Home equity	2,038		408		1,023		2,760		6,229		347,404		353,633
Total	$	26,252	$	11,167	$	3,817	$	78,394	$	119,630	$	3,218,872	$	3,338,502
Acquired Portfolio:
Commercial	$	394	$	—	$	7,808	$	—	$	8,202	$	123,413	$	131,615
Real estate commercial	1,820		—		2,592		—		4,412		252,520		256,932
Real estate construction	—		—		156		—		156		18,883		19,039
Land development	—		—		4,780		—		4,780		9,786		14,566
Real estate residential	288		—		1,577		—		1,865		19,099		20,964
Consumer installment	49		11		—		—		60		3,054		3,114
Home equity	641		262		462		—		1,365		45,188		46,553
Total	$	3,192	$	273	$	17,375	$	—	$	20,840	$	471,943	$	492,783

	31-60 Days Past Due		61-89 Days Past Due		Accruing Loans Past Due 90 Days or More		Nonaccrual Loans		Total Past Due		Current		Total Loans
September 30, 2011
Originated Portfolio:
Commercial	$	7,471	$	3,364	$	282	$	10,804	$	21,921	$	704,885	$	726,806
Real estate commercial	10,104		4,832		415		48,854		64,205		737,111		801,316
Real estate construction	214		288		—		—		502		52,882		53,384
Land development	—		349		—		7,877		8,226		23,291		31,517
Real estate residential	5,793		247		974		17,544		24,558		793,109		817,667
Consumer installment	4,578		775		—		2,931		8,284		514,056		522,340
Home equity	1,823		1,312		1,344		3,102		7,581		304,443		312,024
Total	$	29,983	$	11,167	$	3,015	$	91,112	$	135,277	$	3,129,777	$	3,265,054
Acquired Portfolio:
Commercial	$	540	$	—	$	10,515	$	—	$	11,055	$	121,108	$	132,163
Real estate commercial	—		—		2,864		—		2,864		251,912		254,776
Real estate construction	—		—		143		—		143		19,324		19,467
Land development	—		—		4,799		—		4,799		10,662		15,461
Real estate residential	—		766		860		—		1,626		20,751		22,377
Consumer installment	47		83		—		—		130		4,103		4,233
Home equity	236		256		551		—		1,043		45,852		46,895
Total	$	823	$	1,105	$	19,732	$	—	$	21,660	$	473,712	$	495,372

Schedule of Corporation's TDRs

	Performing		Nonperforming		Total
	(In thousands)
September 30, 2012
Commercial loan portfolio	$	14,750	$	6,553	$	21,303
Consumer loan portfolio	15,656		3,902		19,558
Total	$	30,406	$	10,455	$	40,861
December 31, 2011
Commercial loan portfolio	$	4,765	$	14,675	$	19,440
Consumer loan portfolio	15,629		9,383		25,012
Total	$	20,394	$	24,058	$	44,452
September 30, 2011
Commercial loan portfolio	$	3,938	$	16,457	$	20,395
Consumer loan portfolio	11,605		9,811		21,416
Total	$	15,543	$	26,268	$	41,811

Schedule providing information on performing and nonperforming TDRs

	Three Months Ended September 30, 2012					Nine Months Ended September 30, 2012
	Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	9	$	665	$	665	19	$	3,891	$	3,891
Real estate commercial	8	1,426		1,426		19	5,264		5,264
Land development	—	—		—		1	1,638		1,638
Subtotal – commercial loan portfolio	17	2,091		2,091		39	10,793		10,793
Consumer loan portfolio (real estate residential)	15	1,352		1,301		65	7,083		6,872
Total	32	$	3,443	$	3,392	104	$	17,876	$	17,665

	Three Months Ended September 30, 2011					Nine Months Ended September 30, 2011
	Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Number of  Loans	Pre- Modification Recorded Investment		Post- Modification Recorded Investment
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	5	$	733	$	733	20	$	3,560	$	3,560
Real estate commercial	9	2,133		2,133		21	5,110		5,110
Subtotal – commercial loan portfolio	14	2,866		2,866		41	8,670		8,670
Consumer loan portfolio (real estate residential)	25	2,144		2,045		68	6,086		5,836
Total	39	$	5,010	$	4,911	109	$	14,756	$	14,506

Troubled debt restructurings on financing receivables with defaults payment

	With Payment Defaults During the Following Periods:
	Three Months Ended September 30, 2012			Nine Months Ended September 30, 2012
	Number of Loans	Principal Balance at		Number of Loans	Principal Balance at
		September 30, 2012			September 30, 2012
	(Dollars in thousands)
Commercial loan portfolio:
Commercial	2	$	1,240	3	$	1,300
Real estate commercial	3	2,457		5	3,293
Subtotal – commercial loan portfolio	5	3,697		8	4,593
Consumer loan portfolio (real estate residential)	1	742		5	1,126
Total	6	$	4,439	13	$	5,719

Schedule of allowance and recorded investment related to financing receivables segregated by portfolio segment

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated		Total
	(In thousands)
Changes in allowance for loan losses for the three months ended September 30, 2012:
Beginning balance	$	53,759		$	29,784		$	3,168	$	86,711
Provision for loan losses	2,365			1,765			370		4,500
Charge-offs	(4,754		)	(2,842		)	—		(7,596		)
Recoveries	460			619			—		1,079
Ending balance	$	51,830		$	29,326		$	3,538	$	84,694
Changes in allowance for loan losses for the nine months ended September 30, 2012:
Beginning balance	$	55,645		$	29,166		$	3,522	$	88,333
Provision for loan losses	6,003			7,481			16		13,500
Charge-offs	(11,330		)	(8,985		)	—		(20,315		)
Recoveries	1,512			1,664			—		3,176
Ending balance	$	51,830		$	29,326		$	3,538	$	84,694
Allowance for loan losses balance at September 30, 2012 attributable to:
Loans individually evaluated for impairment	$	8,010		$	649		$	—	$	8,659
Loans collectively evaluated for impairment	43,820			28,177			3,538		75,535
Loans acquired with deteriorated credit quality	—			500			—		500
Total	$	51,830		$	29,326		$	3,538	$	84,694
Recorded investment (loan balance) at September 30, 2012:
Loans individually evaluated for impairment	$	84,495		$	19,558		$	—	$	104,053
Loans collectively evaluated for impairment	1,721,367			1,781,127			—		3,502,494
Loans acquired with deteriorated credit quality	354,031			58,581			—		412,612
Total	$	2,159,893		$	1,859,266		$	—	$	4,019,159

	Commercial Loan Portfolio			Consumer Loan Portfolio			Unallocated		Total
	(In thousands)
Changes in allowance for loan losses for the three months ended September 30, 2011:
Beginning balance	$	58,572		$	29,283		$	1,878	$	89,733
Provision for loan losses	2,258			2,296			1,846		6,400
Charge-offs	(5,439		)	(3,400		)	—		(8,839		)
Recoveries	899			520			—		1,419
Ending balance	$	56,290		$	28,699		$	3,724	$	88,713
Changes in allowance for loan losses for the nine months ended September 30, 2011:
Beginning balance	$	59,443		$	27,338		$	2,749	$	89,530
Provision for loan losses	11,348			8,577			975		20,900
Charge-offs	(16,629		)	(9,158		)	—		(25,787		)
Recoveries	2,128			1,942			—		4,070
Ending balance	$	56,290		$	28,699		$	3,724	$	88,713
Allowance for loan losses balance at September 30, 2011 attributable to:
Loans individually evaluated for impairment	$	8,708		$	618		$	—	$	9,326
Loans collectively evaluated for impairment	46,282			28,081			3,724		78,087
Loans acquired with deteriorated credit quality	1,300			—			—		1,300
Total	$	56,290		$	28,699		$	3,724	$	88,713
Recorded investment (loan balance) at September 30, 2011:
Loans individually evaluated for impairment	$	87,930		$	21,416		$	—	$	109,346
Loans collectively evaluated for impairment	1,525,093			1,630,615			—		3,155,708
Loans acquired with deteriorated credit quality	421,867			73,505			—		495,372
Total	$	2,034,890		$	1,725,536		$	—	$	3,760,426

	Commercial Loan Portfolio		Consumer Loan Portfolio		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at December 31, 2011 attributable to:
Loans individually evaluated for impairment	$	8,582	$	704	$	—	$	9,286
Loans collectively evaluated for impairment	45,863		28,062		3,522		77,447
Loans acquired with deteriorated credit quality	1,200		400		—		1,600
Total	$	55,645	$	29,166	$	3,522	$	88,333
Recorded investment (loan balance) at December 31, 2011:
Loans individually evaluated for impairment	$	80,794	$	25,012	$	—	$	105,806
Loans collectively evaluated for impairment	1,582,379		1,650,317		—		3,232,696
Loans acquired with deteriorated credit quality	422,152		70,631		—		492,783
Total	$	2,085,325	$	1,745,960	$	—	$	3,831,285