Allowance for Probable Loan Losses (Tables)

6 Months Ended

Jun. 30, 2011

Allowance for Probable Loan Losses

Summary of the transactions in the allowance for probable loan losses

	Domestic																				Foreign
	Commercial			Commercial real estate: other construction & land development			Commercial real estate: farmland & commercial			Commercial real estate: multifamily		Residential: first lien			Residential: junior lien			Consumer			Foreign			Total
	(Dollars in Thousands)
Balance at December 31,	$	22,046		$	26,695		$	16,340		$	53	$	10,059		$	2,611		$	6,241		$	437		$	84,482
Losses charge to allowance	(6,818		)	(1,218		)	(645		)	—		(659		)	(566		)	(570		)	(13		)	(10,490		)
Recoveries credited to allowance	1,671			74			194			—		4			264			118			1			2,326
Net losses charged to allowance	(5,147		)	(1,144		)	(451		)	—		(655		)	(302		)	(452		)	(12		)	(8,164		)
(Credit) provision charged to operations	3,728			(5,475		)	5,439			801		(3,294		)	3,224			(3,411		)	1,150			2,163
Balance at June 30,	$	20,627		$	20,076		$	21,328		$	854	$	6,110		$	5,533		$	2,378		$	1,575		$	78,481

	June 30,
	2010
	(Dollars in Thousands)
Balance at December 31,	$	95,393
Losses charged to allowance	(14,298		)
Recoveries credited to allowance	615
Net losses charged to allowance	(13,683		)
Provision charged to operations	8,658
Balance at June 30,	$	90,368

Loans individually or collectively evaluated for impairment and related allowance, by loan class

	June 30, 2011
	(Dollars in Thousands)
	Loans individually evaluated for impairment				Loans collectively evaluated for impairment
	(Dollars in Thousands)
	Recorded Investment		Allowance		Recorded Investment		Allowance
Domestic
Commercial	$	23,365	$	7,937	$	799,557	$	12,690
Commercial real estate: other construction & land development	32,674		371		1,264,973		19,705
Commercial real estate: farmland & commercial	31,340		4,334		1,691,043		16,994
Commercial real estate: multifamily	440		—		112,289		854
Residential: first lien	1,799		—		534,678		6,110
Residential: junior lien	1,519		—		405,982		5,533
Consumer	1,100		—		107,013		2,378
Foreign	1		—		248,410		1,575
Total	$	92,238	$	12,642	$	5,163,945	$	65,839

	December 31, 2010
	Loans individually evaluated for impairment				Loans collectively evaluated for impairment
	(Dollars in Thousands)
	Recorded Investment		Allowance		Recorded Investment		Allowance
Domestic
Commercial	$	23,426	$	8,138	$	807,098	$	13,908
Commercial real estate: other construction & land development	77,207		592		1,396,264		26,103
Commercial real estate: farmland & commercial	21,844		3,441		1,666,719		12,899
Commercial real estate: multifamily	473		—		96,318		53
Residential: first lien	2,015		—		531,440		10,059
Residential: junior lien	199		—		415,328		2,611
Consumer	29		—		126,018		6,241
Foreign	7		—		245,618		437
Total	$	125,200	$	12,171	$	5,284,803	$	72,311

Loans accounted on non-accrual basis, by loan class

	June 30, 2011		December 31, 2010
	(Dollars in Thousands)
Domestic
Commercial	$	22,565	$	22,614
Commercial real estate: other construction & land development	26,582		77,207
Commercial real estate: farmland & commercial	10,086		5,486
Commercial real estate: multifamily	440		473
Residential: first lien	1,707		2,015
Residential: junior lien	57		199
Consumer	27		29
Foreign	1		7
Total non-accrual loans	$	61,465	$	108,030

Impaired loans, by loan class

	June 30, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Recognized
	(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial	$	22,942	$	22,942	$	7,937	$	22,948	$	20
Commercial real estate: other construction & land development	8,136		8,147		371		8,177		—
Commercial real estate: farmland & commercial	22,468		22,489		4,334		21,199		413
Total impaired loans with related allowance	$	53,546	$	53,578	$	12,642	$	52,324	$	433

	June 30, 2011
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Recognized
	(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial	$	423	$	916	$	458	$	9
Commercial real estate: other construction & land development	24,538		24,595		20,433		2
Commercial real estate: farmland & commercial	8,872		10,336		1,366		—
Commercial real estate: multifamily	440		440		454		—
Residential: first lien	1,799		1,937		1,816		3
Residential: junior lien	1,519		1,520		1,521		48
Consumer	1,100		1,105		1,281		—
Foreign	1		1		3		—
Total impaired loans with no related allowance	$	38,692	$	40,850	$	27,332	$	62

	December 31, 2010
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Recognized
	(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial	$	23,062	$	23,071	$	8,138	$	23,096	$	42
Commercial real estate: other construction & land development	10,603		10,645		592		10,622		—
Commercial real estate: farmland & commercial	17,841		17,878		3,441		18,475		860
Total impaired loans with related allowance	$	51,506	$	51,594	$	12,171	$	52,193	$	902

	December 31, 2010
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Interest Recognized
	(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial	$	364	$	980	$	993	$	30
Commercial real estate: other construction & land development	66,604		66,755		68,608		2
Commercial real estate: farmland & commercial	4,003		5,606		5,594		—
Commercial real estate: multifamily	473		473		500		—
Residential: first lien	2,015		2,143		2,297		—
Residential: junior lien	199		226		228		—
Consumer	29		46		49		—
Foreign	7		7		19		—
Total impaired loans with no related allowance	$	73,694	$	76,236	$	78,288	$	32

Information regarding the aging of past due loans, by loan class

	June 30, 2011
	30 — 59 Days		60 — 89 Days		90 Days or Greater		90 Days or greater & still accruing		Total Past due		Current		Total Portfolio
	(Dollars in Thousands)
Domestic
Commercial	$	3,452	$	1,162	$	1,202	$	692	$	5,816	$	817,106	$	822,922
Commercial real estate: other construction & land development	1,139		372		25,668		5,266		27,179		1,270,468		1,297,647
Commercial real estate: farmland & commercial	6,517		1,348		17,973		9,364		25,838		1,696,545		1,722,383
Commercial real estate: multifamily	76		—		440		—		516		112,213		112,729
Residential: first lien	7,818		2,260		5,764		4,417		15,842		520,635		536,477
Residential: junior lien	1,272		562		368		321		2,202		405,299		407,501
Consumer	2,369		502		1,230		1,207		4,101		104,012		108,113
Foreign	1,657		444		483		483		2,584		245,827		248,411
Total past due loans	$	24,300	$	6,650	$	53,128	$	21,750	$	84,078	$	5,172,105	$	5,256,183

	December 31, 2010
	30 — 59 Days		60 — 89 Days		90 Days or Greater		90 Days or greater & still accruing		Total Past due		Current		Total Portfolio
	(Dollars in Thousands)
Domestic
Commercial	$	3,734	$	861	$	23,239	$	1,029	$	27,834	$	802,690	$	830,524
Commercial real estate: other construction & land development	2,685		2,896		50,618		11,507		56,199		1,417,272		1,473,471
Commercial real estate: farmland & commercial	3,077		817		6,600		1,585		10,494		1,678,069		1,688,563
Commercial real estate: multifamily	73		185		473		—		731		96,060		96,791
Residential: first lien	4,884		3,436		5,136		3,472		13,456		519,999		533,455
Residential: junior lien	703		272		457		277		1,432		414,095		415,527
Consumer	1,518		587		1,505		1,477		3,610		122,437		126,047
Foreign	196		380		501		501		1,077		244,548		245,625
Total past due loans	$	16,870	$	9,434	$	88,529	$	19,848	$	114,833	$	5,295,170	$	5,410,003

Summary of the loan portfolio by credit quality indicator, by loan class

	June 30, 2011
	Pass		Special Review		Watch List - Pass		Watch List - Substandard		Watch List - Impaired
	(Dollars in Thousands)
Domestic
Commercial	$	733,204	$	5,807	$	6,839	$	53,707	$	23,365
Commercial real estate: other construction & land development	999,131		79,988		42,215		143,639		32,674
Commercial real estate: farmland & commercial	1,492,529		98,524		36,639		63,351		31,340
Commercial real estate: multifamily	88,792		23,497		—		—		440
Residential: first lien	530,461		636		61		3,520		1,799
Residential: junior lien	405,942		—		—		40		1,519
Consumer	106,969		—		—		44		1,100
Foreign	247,913		—		—		497		1
Total	$	4,604,941	$	208,452	$	85,754	$	264,798	$	92,238

			December 31, 2010
	Pass		Special Review		Watch List - Pass		Watch List - Substandard		Watch List - Impaired
			(Dollars in Thousands)
Domestic
Commercial	$	741,006	$	14,015	$	7,187	$	44,890	$	23,426
Commercial real estate: other construction & land development	1,100,430		117,058		53,770		125,006		77,207
Commercial real estate: farmland & commercial	1,521,243		42,353		29,936		73,187		21,844
Commercial real estate: multifamily	94,973		1,345		—		—		473
Residential: first lien	526,504		2,237		1,747		952		2,015
Residential: junior lien	415,021		—		—		307		199
Consumer	125,973		3		—		42		29
Foreign	234,979		10,108		—		531		7
Total	$	4,760,129	$	187,119	$	92,640	$	244,915	$	125,200