Loans (Tables)

9 Months Ended

Sep. 30, 2012

Loans [Abstract]

Summary of loan balances

A summary of loan balances follows (in thousands):

	September 30, 2012
	Originated			PNCI			PCI – Cash basis			PCI – Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	120,683		$	7,304			—		$	6,054		$	134,041
Commercial		765,367			75,490			1,345			31,189			873,391
Total mortgage loan on real estate		886,050			82,794			1,345			37,243			1,007,432
Consumer:
Home equity lines of credit		311,749			17,184			8,082			5,883			342,898
Home equity loans		13,734			332			48			156			14,270
Auto Indirect		5,067			—			—			—			5,067
Other		23,933			2,653			—			23			26,609
Total consumer loans		354,483			20,169			8,130			6,062			388,844
Commercial		132,162			1,021			1,905			10,381			145,469
Construction:
Residential		10,574			—			—			7,758			18,332
Commercial		12,044			—			—			3,526			15,570
Total construction		22,618			—			—			11,284			33,902
Total loans, net of deferred loan fees	$	1,395,313		$	103,984		$	11,380		$	64,970		$	1,575,647
Total principal balance of loans owed, net of charge-offs	$	1,397,637		$	119,264		$	23,552		$	80,201		$	1,620,654
Unamortized net deferred loan fees		(2,324	)		—			—			—			(2,324	)
Discounts to principal balance of loans owed, net of charge-offs		—			(15,280	)		(12,172	)		(15,231	)		(42,683	)
Total loans, net of unamortized deferred loan fees	$	1,395,313		$	103,984		$	11,380		$	64,970		$	1,575,647
Noncovered loans	$	1,395,313		$	103,984		$	11,380		$	22,350		$	1,533,027
Covered loans		—			—			—			42,620			42,620
Total loans, net of unamortized deferred loan fees	$	1,395,313		$	103,984		$	11,380		$	64,970		$	1,575,647
Allowance for loan loss	$	(38,207	)	$	(1,059	)	$	(1,349	)	$	(3,531	)	$	(44,146	)

A summary of loan balances follows (in thousands):

	December 31, 2011
	Originated			PNCI			PCI – Cash basis			PCI – Other			Total
Mortgage loans on real estate:
Residential 1-4 family	$	118,320		$	14,750			—		$	6,516		$	139,586
Commercial		699,682			93,428			—			33,226			826,336
Total mortgage loan on real estate		818,002			108,178			—			39,742			965,922
Consumer:
Home equity lines of credit		321,834			20,902		$	8,615			5,954			357,305
Home equity loans		14,320			367			—			157			14,844
Auto Indirect		10,821			—			—			—			10,821
Other		20,270			3,041			—			49			23,360
Total consumer loans		367,245			24,310			8,615			6,160			406,330
Commercial		123,486			1,805			811			13,029			139,131
Construction:
Residential		13,908			—			—			8,214			22,122
Commercial		12,744			—			—			4,783			17,527
Total construction		26,652			—			—			12,997			39,649
Total loans, net of deferred loan fees	$	1,335,385		$	134,293		$	9,426		$	71,928		$	1,551,032
Total principal balance of loans owed, net of charge-offs	$	1,337,693		$	152,549		$	22,137		$	94,660		$	1,607,039
Unamortized net deferred loan fees		(2,308	)		—			—			—			(2,308	)
Discounts to principal balance of loans owed, net of charge-offs		—			(18,256	)		(12,711	)		(22,732	)		(53,699	)
Total loans, net of unamortized deferred loan fees	$	1,335,385		$	134,293		$	9,426		$	71,928		$	1,551,032
Noncovered loans	$	1,335,385		$	134,293		$	9,426		$	22,857		$	1,501,961
Covered loans		—			—			—			49,071			49,071
Total loans, net of unamortized deferred loan fees	$	1,335,385		$	134,293		$	9,426		$	71,928		$	1,551,032
Allowance for loan loss	$	(41,458	)	$	(245	)	$	(1,034	)	$	(3,177	)	$	(45,914	)

Change in accretable yield for PCI

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

	Three months ended Sept. 30,						Nine months ended Sept. 30,
	2012			2011			2012			2011
Change in accretable yield:
Balance at beginning of period	$	23,732		$	13,457		$	25,145		$	17,717
Acquisitions		—			10,146			—			10,146
Accretion to interest income		(2,037	)		(1,408	)		(5,921	)		(3,436	)
Reclassification (to) from Nonaccretable difference		2,385			1,433			4,856			(799	)
Balance at end of period	$	24,080		$	23,628		$	24,080		$	23,628