NOTE 3 – ALLOWANCE FOR CREDIT LOSSES

The following tables summarize the changes in the allowance for credit losses by segment and class for the periods indicated:

	Nine months ended
	September 30, 2011
	Balance,									Balance,
	Beginning of									End of
	Period		Charge-offs			Recoveries		Provision		Period
	(In thousands)
Commercial and industrial	$	22,479	$	(15,660	)	$	1,121	$	12,084	$	20,024
Real estate
Consumer mortgage		35,540		(7,233	)		848		10,346		39,501
Home equity		7,305		(4,185	)		142		6,626		9,888
Agricultural		4,997		(3,310	)		47		2,658		4,392
Commercial and industrial-owner occupied		20,403		(9,166	)		293		9,940		21,470
Construction, acquisition and development		59,048		(56,823	)		2,980		43,033		48,238
Commercial		33,439		(10,578	)		705		15,997		39,563
Credit Cards		4,126		(2,366	)		635		1,525		3,920
All other		9,576		(6,294	)		786		8,622		12,690
Total	$	196,913	$	(115,615	)	$	7,557	$	110,831	$	199,686

	Year ended
	December 31, 2010
	Balance,									Balance,
	Beginning of									End of
	Period		Charge-offs			Recoveries		Provision		Period
	(In thousands)
Commercial and industrial	$	21,154	$	(11,879	)	$	1,330	$	11,874	$	22,479
Real estate
Consumer mortgage		37,048		(16,280	)		1,448		13,324		35,540
Home equity		7,218		(5,215	)		179		5,123		7,305
Agricultural		4,192		(1,201	)		12		1,994		4,997
Commercial and industrial-owner occupied		22,989		(9,200	)		399		6,215		20,403
Construction, acquisition and development		46,193		(122,596	)		1,706		133,745		59,048
Commercial		26,694		(14,084	)		845		19,984		33,439
Credit Cards		3,481		(4,559	)		829		4,375		4,126
All other		7,074		(6,008	)		1,128		7,382		9,576
Total	$	176,043	$	(191,022	)	$	7,876	$	204,016	$	196,913

	Nine months ended
	September 30, 2010
	Balance,									Balance,
	Beginning of									End of
	Period		Charge-offs			Recoveries		Provision		Period
	(In thousands)
Commercial and industrial	$	21,154	$	(10,097	)	$	623	$	10,514	$	22,194
Real estate
Consumer mortgage		37,048		(10,989	)		1,025		7,421		34,505
Home equity		7,218		(4,077	)		118		3,876		7,135
Agricultural		4,192		(713	)		8		1,201		4,688
Commercial and industrial-owner occupied		22,989		(7,541	)		205		7,076		22,729
Construction, acquisition and development		46,193		(87,607	)		930		103,817		63,333
Commercial		26,694		(7,758	)		137		14,252		33,325
Credit Cards		3,481		(3,569	)		686		2,709		3,307
All other		7,074		(3,915	)		849		9,857		13,865
Total	$	176,043	$	(136,266	)	$	4,581	$	160,723	$	205,081

The following tables provide the allowance for credit losses by segment, class and impairment status as of the dates indicated:

	September 30, 2011
	Recorded		Allowance for		Allowance for
	Balance of		Impaired Loans		All Other Loans		Total
	Impaired Loans		and Leases		and Leases		Allowance
	(In thousands)
Commercial and industrial	$	6,001	$	757	$	19,267	$	20,024
Real estate
Consumer mortgage		30,707		4,050		35,451		39,501
Home equity		1,526		228		9,660		9,888
Agricultural		4,217		463		3,929		4,392
Commercial and industrial-owner occupied		22,379		1,755		19,715		21,470
Construction, acquisition and development		168,001		24,911		23,327		48,238
Commercial		45,832		6,393		33,170		39,563
Credit Cards		-		-		3,920		3,920
All other		1,226		100		12,590		12,690
Total	$	279,889	$	38,657	$	161,029	$	199,686

	December 31, 2010
	Recorded		Allowance for		Allowance for
	Balance of		Impaired Loans		All Other Loans		Total
	Impaired Loans		and Leases		and Leases		Allowance
	(In thousands)
Commercial and industrial	$	2,136	$	125	$	22,354	$	22,479
Real estate
Consumer mortgage		28,223		4,226		31,314		35,540
Home equity		851		41		7,264		7,305
Agricultural		4,295		544		4,453		4,997
Commercial and industrial-owner occupied		16,073		1,361		19,042		20,403
Construction, acquisition and development		184,918		29,195		29,853		59,048
Commercial		36,207		5,227		28,212		33,439
Credit Cards		-		-		4,126		4,126
All other		702		-		9,576		9,576
Total	$	273,405	$	40,719	$	156,194	$	196,913

Management evaluates impaired loans individually in determining the adequacy of the allowance for impaired loans.