Loan and Lease Finance Receivables and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2011

Allowance for Credit Losses and Loans & Lease Real Estate Owned (Non-Covered Loans) [Abstract]

Summary of Components of Loan and Lease Finance Receivables

	As of December 31, 2011
	Non-Covered Loans			Covered Loans			Total
	(Dollars in thousands)
Commercial and Industrial	$	494,299		$	29,651		$	523,950
Real Estate:
Construction		76,146			18,685			94,831
Commercial Real Estate		1,948,292			223,107			2,171,399
SFR Mortgage		176,442			3,289			179,731
Consumer		51,436			8,353			59,789
Municipal lease finance receivables		113,460			169			113,629
Auto and equipment leases, net of unearned discount		17,370			—			17,370
Dairy and Livestock		343,350			199			343,549
Agribusiness		4,327			24,196			28,523
Gross Loans	$	3,225,122		$	307,649		$	3,532,771
Less:
Purchase accounting discount		—			(50,780	)		(50,780	)
Deferred loan fees, net		(5,395	)		—			(5,395	)
Gross loans, net of deferred loan fees	$	3,219,727		$	256,869		$	3,476,596
Less: Allowance for credit losses		(93,964	)		—			(93,964	)
Net Loans	$	3,125,763		$	256,869		$	3,382,632

	As of December 31, 2010
	Non-Covered Loans			Covered Loans			Total
	(Dollars in thousands)
Commercial and Industrial	$	460,399		$	39,587		$	499,986
Real Estate:
Construction		138,980			84,498			223,478
Commercial Real Estate		1,980,256			292,014			2,272,270
SFR Mortgage		218,467			5,858			224,325
Consumer		56,747			10,624			67,371
Municipal lease finance receivables		128,552			576			129,128
Auto and equipment leases, net of unearned discount		17,982			—			17,982
Dairy and Livestock		376,143			—			376,143
Agribusiness		1,686			55,618			57,304
Gross Loans	$	3,379,212		$	488,775		$	3,867,987
Less:
Purchase accounting discount		—			(114,763	)		(114,763	)
Deferred loan fees, net		(5,484	)		—			(5,484	)
Gross loans, net of deferred loan fees	$	3,373,728		$	374,012		$	3,747,740
Less: Allowance for credit losses		(105,259	)		—			(105,259	)
Net Loans	$	3,268,469		$	374,012		$	3,642,481

Schedule of activity of loans held for sale

Non-Covered Loans Held for Sale Activity

	For the Year Ended December 31,
	2011			2010
	(Dollars in thousands)
Balance, beginning of period	$	2,954		$	1,439
Originations of mortage loans		37,304			33,391
Sales of mortgage loans		(34,962	)		(29,212	)
Transfer of mortgage loans to held for investment		(3,292	)		(4,320	)
Sales of other loans		(6,000	)		—
Transfers of other loans to held for sale		6,000			2,521
Write-down of loans held for sale		(1,656	)		(865	)
Balance, end of period	$	348		$	2,954

Covered Loans Held for Sale Activity

	For the Year Ended December 31,
	2011			2010
	(Dollars in thousands)
Balance, beginning of period	$	—		$	—
Originations of mortage loans		—			—
Sales of mortgage loans		—			—
Transfer of other loans to held for investment		—			—
Sales of other loans		—			—
Transfers of other loans to held for sale		5,726			—
Write-down of loans held for sale		—			—
Payment on other loans		(62	)
Balance, end of period	$	5,664		$	—

Summary of Internal Risk Grouping by Loan Class for Non-Covered, Held-For-Investment Loans

	December 31, 2011
	Pass		Watch List		Special Mention		Substandard		Doubtful & Loss		Total
Commercial & Industrial	$	323,653	$	94,059	$	55,140	$	21,447	$	—	$	494,299
Construction—Speculative		2,654		—		25,610		35,191		—		63,455
Construction—Non-Speculative		1,314		137		687		10,553		—		12,691
Commercial Real Estate—Owner-Occupied		370,801		176,958		74,315		77,884		—		699,958
Commercial Real Estate—Non-Owner-
Occupied		836,465		193,751		108,798		108,482		838		1,248,334
Residential Real Estate (SFR 1-4)		143,841		8,336		6,807		17,458		—		176,442
Dairy & Livestock		73,074		106,024		91,416		72,619		217		343,350
Agribusiness		2,800		860		667		—		—		4,327
Municipal Lease Finance Receivables		70,781		23,106		8,927		10,646		—		113,460
Consumer		42,295		3,474		3,906		1,740		21		51,436
Auto & Equipment Leases		11,742		39		3,506		522		1,561		17,370
Total Non-covered Loans		1,879,420		606,744		379,779		356,542		2,637		3,225,122
Covered Loans		48,440		73,718		20,728		164,198		565		307,649
Total Loans excluding held-for-sale		1,927,860		680,462		400,507		520,740		3,202		3,532,771
Non-covered loans held-for-sale		348		—		—		—		—		348
Covered loans held-for-sale		—		—		—		5,664		—		5,664
Total Gross Loans	$	1,928,208	$	680,462	$	400,507	$	526,404	$	3,202	$	3,538,783
	December 31, 2010
	Pass		Watch List		Special Mention		Substandard		Doubtful & Loss		Total
Commercial & Industrial	$	310,207	$	79,860	$	35,526	$	34,741	$	65	$	460,399
Construction—Speculative		428		16,022		24,773		78,672		—		119,895
Construction—Non-Speculative		3,168		3,422		2,346		10,149		—		19,085
Commercial Real Estate—Owner-Occupied		371,575		109,784		91,751		139,320		—		712,430
Commercial Real Estate—Non-Owner-
Occupied		851,980		197,696		64,808		153,342		—		1,267,826
Residential Real Estate (SFR 1-4)		190,022		11,002		801		16,642		—		218,467
Dairy & Livestock		4,373		4,917		152,891		213,962		—		376,143
Agribusiness		1,096		446		144		—		—		1,686
Municipal Lease Finance Receivables		92,064		11,540		21,746		3,202		—		128,552
Consumer		47,927		4,885		2,367		1,484		84		56,747
Auto & Equipment Leases		10,925		3,450		1,122		2,483		2		17,982
Total Non-covered Loans		1,883,765		443,024		398,275		653,997		151		3,379,212
Covered Loans		139,038		59,996		42,147		247,407		187		488,775
Total Loans excluding held-for-sale		2,022,803		503,020		440,422		901,404		338		3,867,987
Non-covered loans held-for-sale		1,298		—		—		1,656		—		2,954
Total Gross Loans	$	2,024,101	$	503,020	$	440,422	$	903,060	$	338	$	3,870,941

Schedule of Allowance for Credit Losses and Recorded Investment in Financing Receivables

Allowance for Credit Losses and Recorded Investment in Financing Receivables
(Dollars in thousands)
	Commercial and Industrial			Construction			Real Estate			Municipal Lease Finance Receivables			Dairy and Livestock			Consumer, Auto & Other			Covered Loans (1)			Unallocated			Total
2011
Allowance for Credit Losses:
Beginning balance, January 1, 2011	$	11,472		$	10,188		$	43,529		$	2,172		$	36,061		$	1,034		$	—		$	803		$	105,259
Charge-offs		(1,980	)		(7,976	)		(5,870	)		0			(3,291	)		(511	)		(893	)		—			(20,521	)
Recoveries		302			757			748			0			151			200			0			0			2,158
Provision		860			1,978			13,466			231			(15,691	)		915			893			4,416			7,068
Ending balance, December 31, 2011	$	10,654		$	4,947		$	51,873		$	2,403		$	17,230		$	1,638		$	—		$	5,219		$	93,964
Ending balance: Individually evaluated for impairment	$	165		$	—		$	1,339		$	—		$	1,371		$	93		$	—		$	—		$	2,968
Ending balance: Collectively evaluated for impairment	$	10,489		$	4,947		$	50,534		$	2,403		$	15,859		$	1,545		$	—		$	5,219		$	90,996
Loans and financing receivables: (1)
Ending balance, December 31, 2011	$	494,299		$	76,146		$	2,124,734		$	113,460		$	343,350		$	73,133		$	256,869		$	—		$	3,481,991
Ending balance: Individually evaluated for impairment	$	4,954		$	33,402		$	52,141		$	—		$	10,251		$	478		$	83,745		$	—		$	184,971
Ending balance: Collectively evaluated for impairment	$	489,345		$	42,744		$	2,072,593		$	113,460		$	333,099		$	72,655		$	173,124		$	—		$	3,297,020
	Commercial and Industrial			Construction			Real Estate			Municipal Lease Finance Receivables			Dairy and Livestock			Consumer, Auto & Other			Covered Loans (1)			Unallocated			Total
2010
Allowance for Credit Losses:
Beginning balance, January 1, 2010	$	7,530		$	21,222		$	42,215		$	1,724		$	31,051		$	1,004		$	—		$	4,178		$	108,924
Charge-offs		(6,290	)		(15,648	)		(41,356	)		(13	)		(1,205	)		(627	)		(385	)		—			(65,524	)
Recoveries		242			291			35			—			—			76			15			—			659
Provision		9,990			4,323			42,635			461			6,215			581			370			(3,375	)		61,200
Ending balance, December 31, 2010	$	11,472		$	10,188		$	43,529		$	2,172		$	36,061		$	1,034		$	—		$	803		$	105,259
Ending balance: Individually evaluated for impairment	$	50		$	3,300		$	681		$	—		$	—		$	28		$	—		$	—		$	4,059
Ending balance: Collectively evaluated for impairment	$	11,422		$	6,888		$	42,848		$	2,172		$	36,061		$	1,006		$	—		$	803		$	101,200
Loans and financing receivables: (1)
Ending balance, December 31, 2010	$	460,399		$	138,980		$	2,198,723		$	128,552		$	377,829		$	74,729		$	374,012		$	—		$	3,753,224
Ending balance: Individually evaluated for impairment	$	9,404		$	63,025		$	90,416		$	—		$	5,207		$	586		$	15,879		$	—		$	184,517
Ending balance: Collectively evaluated for impairment	$	450,995		$	75,955		$	2,108,307		$	128,552		$	372,622		$	74,143		$	358,133		$	—		$	3,568,707

(1) The ending balance of loans and financing receivables excludes deferred loan fees of $5.4 million and $5.5 million as of December 31, 2011 and 2010, respectively.

Schedule of Recorded Investment in Non-Covered Past Due and Non-Accrual Loans and Loans Past Due by Class of Loans

December 31, 2011	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due and Accruing		Total Past Due and Accruing		Nonaccrual		Current		Total Loans and Financing Receivables
Commercial & Industrial	$	2,872	$	150	$	—	$	3,022	$	3,432	$	487,845	$	494,299
Construction—Speculative		—		—		—		—		13,317		42,203		55,520
Construction—Non-Speculative		—		—		—		—		—		20,626		20,626
Commercial Real Estate—Owner-Occupied		133		280		—		413		9,474		690,071		699,958
Commercial Real Estate—Non-Owner-Occupied		374		—		—		374		16,518		1,231,442		1,248,334
Residential Real Estate (SFR 1-4)		1,568		—		—		1,568		16,970		157,904		176,442
Dairy & Livestock		—		—		—		—		2,475		340,875		343,350
Agribusiness		—		—		—		—		—		4,327		4,327
Municipal Lease Finance Receivables		—		—		—		—		—		113,460		113,460
Consumer		59		—		—		59		382		50,995		51,436
Auto & Equipment Leases		14		6		—		20		104		17,246		17,370
Total Non-covered Loans excluding held-for-sale		5,020		436		—		5,456		62,672		3,156,994		3,225,122
Loans Held-for-Sale Residential Real Estate (SFR 1-4)		—		—		—		—		—		348		348
Total	$	5,020	$	436	$	—	$	5,456	$	62,672	$	3,157,342	$	3,225,470

December 31, 2010	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due and Accruing		Total Past Due and Accruing		Nonaccrual		Current		Total Loans and Financing Receivables
Commercial & Industrial	$	2,177	$	1,036	$	—		3,213	$	3,887	$	453,299	$	460,399
Construction—Speculative		—		—		—		—		53,552		66,343		119,895
Construction—Non-Speculative		—		—		—		—		9,473		9,612		19,085
Commercial Real Estate—Owner-Occupied		62		—		—		62		5,457		706,911		712,430
Commercial Real Estate—Non-Owner-Occupied		3,132		—		—		3,132		59,402		1,205,292		1,267,826
Residential Real Estate (SFR 1-4)		1,473		1,124		—		2,597		17,800		198,070		218,467
Dairy & Livestock		—		—		—		—		5,207		370,936		376,143
Agribusiness		—		—		—		—		—		1,686		1,686
Municipal Lease Finance Receivables		—		—		—		—		—		128,552		128,552
Consumer		—		29		—		29		537		56,181		56,747
Auto & Equipment Leases		93		14		—		107		49		17,826		17,982
Total Non-covered Loans excluding held-for-sale		6,937		2,203		—		9,140		155,364		3,214,708		3,379,212
Loans Held-for-Sale Construction—Speculative		—		—		—		—		1,656		—		1,656
Loans Held-for-Sale Residential Real Estate (SFR 1-4)		—		—		—		—		—		1,298		1,298
Total	$	6,937	$	2,203	$	—	$	9,140	$	157,020	$	3,216,006	$	3,382,166

Schedule of Held-For-Investment and Held-For-Sale Loans Individually Evaluated for Impairment by Class of Loans

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2011
With no related allowance recorded:
Commercial & Industrial	$	3,566	$	4,630	$	—	$	4,649	$	93
Held for Sale Construction—Speculative		—		—		—		—		—
Construction—Speculative		13,317		15,718		—		15,434		—
Construction—Non-Speculative		20,085		20,085		—		16,437		1,123
Commercial Real Estate—Owner-Occupied		13,567		14,013		—		11,941		449
Commercial Real Estate—Non-Owner-Occupied		16,435		23,656		—		21,096		67
Residential Real Estate (SFR 1-4)		14,069		17,411		—		15,120		47
Dairy & Livestock		8,879		10,358		—		10,535		446
Municipal Lease Finance Receivables		—		—		—		—		—
Consumer		104		150		—		127		—
Auto & Equipment Leases		—		—		—		—		—
		90,022		106,021		—		95,339		2,225
With a related allowance recorded:
Commercial & Industrial	$	1,388	$	1,410	$	165	$	1,554	$	—
Construction—Speculative		—		—		—		—		—
Construction—Non-Speculative		—		—		—		—		—
Commercial Real Estate—Owner-Occupied		3,900		3,900		928		3,900		—
Commercial Real Estate—Non-Owner-Occupied		83		85		5		86		—
Residential Real Estate (SFR 1-4)		4,087		4,369		406		3,967		—
Dairy, Livestock & Agribusiness		1,372		3,324		1,372		2,402		—
Municipal Lease Finance Receivables		—		—		—		—		—
Consumer		270		278		77		276		—
Auto & Equipment Leases		104		110		15		141		—
		11,204		13,476		2,968		12,326		—
Total	$	101,226	$	119,497	$	2,968	$	107,665	$	2,225
December 31, 2010
With no related allowance recorded:
Commercial & Industrial	$	9,060	$	9,600	$	—	$	9,972	$	339
Held for Sale Construction—Speculative		1,656		3,739		—		2,311		—
Construction—Speculative		45,672		61,382		—		54,299		—
Construction—Non-Speculative		9,473		10,149		—		9,777		—
Commercial Real Estate—Owner-Occupied		4,528		4,528		—		4,541		—
Commercial Real Estate—Non-Owner-Occupied		66,856		103,010		—		93,807		498
Residential Real Estate (SFR 1-4)		13,766		16,285		—		14,556		—
Dairy & Livestock		5,207		5,780		—		6,334		—
Municipal Lease Finance Receivables		—		—		—		—		—
Consumer		334		334		—		336		—
Auto & Equipment Leases		—		—		—		—		—
		156,552		214,807		—		195,933		837
With a related allowance recorded:
Commercial & Industrial	$	344	$	352	$	50	$	371	$	—
Construction—Speculative		7,880		12,588		3,300		8,966		—
Construction—Non-Speculative		—		—		—		—		—
Commercial Real Estate—Owner-Occupied		929		929		136		934		—
Commercial Real Estate—Non-Owner-Occupied		303		311		25		308		—
Residential Real Estate (SFR 1-4)		4,034		4,086		520		4,067		—
Dairy, Livestock & Agribusiness		—		—		—		—		—
Municipal Lease Finance Receivables		—		—		—		—		—
Consumer		203		205		21		207		—
Auto & Equipment Leases		49		49		7		77		—
		13,742		18,520		4,059		14,930		—
Total	$	170,294	$	233,327	$	4,059	$	210,863	$	837

Loans modified as troubled debt restructuring

	For the Year Ended December 31, 2011
	Number of Loans		Pre-modification Outstanding Recorded Investment		Post-Modification Outstanding  Recorded Investment		Outstanding Recorded  Investment at December 31, 2011
Troubled Debt Restructurings
Commercial & Industrial		5	$	1,673	$	1,372	$	1,224
Construction—Speculative		2		16,886		16,886		15,394
Construction—Non-Speculative		1		9,219		9,219		9,219
Commercial Real Estate—Owner-Occupied		3		3,195		3,195		3,067
Commercial Real Estate—Non- Owner- Occupied		3		11,707		11,707		10,236
Residential Real Estate (SFR 1-4)		6		2,162		2,161		2,049
Dairy & Lives tock		5		11,750		11,750		8,662
Agribusiness		—		—		—		—
Municipal Lease Finance Receivables		—		—		—		—
Consumer		—		—		—		—
Auto & Equipment Leases		—		—		—		—
Total Non-Covered Loans		25		56,592		56,290		49,851
Covered Loans		—		—		—		—
Total Gross Loans		25	$	56,592	$	56,290	$	49,851