Loans

6 Months Ended

Jun. 30, 2011

Loans & Allowance for Loan Losses [Abstract]

Loans

Note 4 — Loans

A summary of the balances of loans follows (in thousands):

	June 30, 2011									December 31, 2010
	Originated			PCI			Total			Originated			PCI			Total
Mortgage loans on real estate:
Residential 1-4 family	$	121,474		$	6,398		$	127,872		$	123,623		$	7,597		$	131,220
Commercial		679,922			24,661			704,583			682,103			25,739			707,842
Total mortgage loan on real estate		801,396			31,059			832,455			805,726			33,336			839,062
Consumer:
Home equity lines of credit		324,662			6,302			330,964			329,080			7,072			336,152
Home equity loans		14,830			—			14,830			17,588			—			17,588
Auto Indirect		16,741			—			16,732			24,577			—			24,577
Other		18,601			—			18,610			15,622			—			15,622
Total consumer loans		374,834			6,302			381,136			386,867			7,072			393,939
Commercial		132,487			8,037			140,524			133,032			10,364			143,396
Construction:
Residential		18,042			4,445			22,435			19,459			4,463			23,922
Commercial		21,433			—			21,485			21,029			—			21,029
Total construction		39,475			4,445			43,920			40,488			4,463			44,951
Total loans		1,348,192			49,843			1,398,035			1,366,113			55,235			1,421,348
Net deferred loan (fees) costs		(1,973	)		—			(1,973	)		(1,777	)		—			(1,777	)
Total loans, net of deferred loan fees	$	1,346,219		$	49,843		$	1,396,062		$	1,364,336		$	55,235		$	1,419,571
Noncovered loans	$	1,346,192			—		$	1,346,219		$	1,364,336			—		$	1,364,336
Covered loans		—			49,843			49,843			—			55,235			55,235
Total loans	$	1,346,192		$	49,843		$	1,396,062		$	1,364,336		$	55,235		$	1,419,571
Allowance for loan loss	$	(41,592	)	$	(2,370	)	$	(43,962	)	$	(40,963	)	$	(1,608	)	$	(42,571	)

The following is a summary of the change in accretable yield for PCI loans during the periods indicated (in thousands):

	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Change in accretable yield:
Balance at beginning of period	$	14,399			—		$	17,717			—
Acquisitions		—		$	23,151					$	23,151
Accretion to interest income		(994	)		(369	)		(2,028	)		(369	)
Reclassification (to) from Nonaccretable difference		52			—			(2,232	)		—
Balance at end of period	$	13,457		$	22,782		$	13,457		$	22,782

Throughout these financial statements, and in particular in this Note 4 and Note 5, when we refer to “Loans” or “Allowance for loan losses” we mean all categories of loans, including originated and PCI. When we are not referring to all categories of loans, we will indicate which we are referring to — originated or PCI.