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ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
9 Months Ended
Sep. 30, 2011
Changes in the Allowance for Loan and Lease Losses for the Previous Five Quarters
Changes in the allowance for loan and lease losses for the previous five quarters are presented in the table that follows:

 
 
Three Months Ended
 
Nine months ended
 
 
2011
 
2010
 
September 30,
(Dollars in thousands)
 
Sep. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Sep. 30,
 
2011
 
2010
Balance at beginning of period
 
$
53,671

 
$
53,645

 
$
57,235

 
$
57,249

 
$
57,811

 
$
57,235

 
$
59,311

Provision for loan losses
 
7,643

 
5,756

 
647

 
9,741

 
6,287

 
14,046

 
23,823

Loans charged off
 
(7,174
)
 
(6,232
)
 
(4,601
)
 
(10,285
)
 
(8,124
)
 
(18,007
)
 
(28,066
)
Recoveries
 
397

 
502

 
364

 
530

 
1,275

 
1,263

 
2,181

Balance at end of period
 
$
54,537

 
$
53,671

 
$
53,645

 
$
57,235

 
$
57,249

 
$
54,537

 
$
57,249

Allowance for loan and lease losses to total ending loans
 
1.86
%
 
1.92
%
 
1.93
%
 
2.03
%
 
2.07
%
 
1.86
%
 
2.07
%
Allowance for Loan and Lease Losses by Classification

Year-to-date changes in the allowance for loan and lease losses by loan category were as follows:

  
 
Nine Months Ended September 30, 2011
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Commercial
 
Construction
 
Commercial
 
Residential
 
Installment
 
Home Equity
 
Other
 
Total
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
10,138

 
$
8,326

 
$
14,917

 
$
8,907

 
$
1,981

 
$
10,939

 
$
2,027

 
$
57,235

Provision for loan and lease losses
 
2,309

 
2,978

 
8,875

 
(2,928
)
 
40

 
1,732

 
1,040

 
14,046

Gross charge-offs
 
1,694

 
4,174

 
7,877

 
1,078

 
411

 
1,695

 
1,078

 
18,007

Recoveries
 
414

 
27

 
241

 
42

 
267

 
46

 
226

 
1,263

Total net charge-offs
 
1,280

 
4,147

 
7,636

 
1,036

 
144

 
1,649

 
852

 
16,744

Ending allowance for loan and lease losses
 
$
11,167

 
$
7,157

 
$
16,156

 
$
4,943

 
$
1,877

 
$
11,022

 
$
2,215

 
$
54,537

Ending allowance on loans individually evaluated for impairment
 
$
2,820

 
$
4,615

 
$
3,809

 
$
270

 
$
0

 
$
2

 
$
0

 
$
11,516

Ending allowance on loans collectively evaluated for impairment
 
8,347

 
2,542

 
12,347

 
4,673

 
1,877

 
11,020

 
2,215

 
43,021

Ending allowance for loan and lease losses
 
$
11,167

 
$
7,157

 
$
16,156

 
$
4,943

 
$
1,877

 
$
11,022

 
$
2,215

 
$
54,537

Loans and Leases:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance of loans individually evaluated for impairment
 
$
8,626

 
$
19,936

 
$
26,251

 
$
3,483

 
$
0

 
$
101

 
$
0

 
$
58,397

Ending balance of loans collectively evaluated for impairment
 
813,926

 
116,715

 
1,175,784

 
296,682

 
70,034

 
362,818

 
43,305

 
2,879,264

Total loans, excluding covered loans
 
$
822,552

 
$
136,651

 
$
1,202,035

 
$
300,165

 
$
70,034

 
$
362,919

 
$
43,305

 
$
2,937,661


 
 
Twelve Months Ended December 31, 2010
 
 
 
 
Real Estate
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Commercial
 
Construction
 
Commercial
 
Residential
 
Installment
 
Home Equity
 
Other
 
Total
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
18,590

 
$
8,143

 
$
15,190

 
$
5,308

 
$
2,159

 
$
8,063

 
$
1,858

 
$
59,311

Provision for loan and lease losses
 
4,252

 
8,778

 
6,836

 
5,268

 
457

 
6,183

 
1,790

 
33,564

Gross charge-offs
 
13,324

 
8,619

 
8,191

 
1,693

 
1,154

 
3,499

 
1,871

 
38,351

Recoveries
 
620

 
24

 
1,082

 
24

 
519

 
192

 
250

 
2,711

Total net charge-offs
 
12,704

 
8,595

 
7,109

 
1,669

 
635

 
3,307

 
1,621

 
35,640

Ending allowance for loan and lease losses
 
$
10,138

 
$
8,326

 
$
14,917

 
$
8,907

 
$
1,981

 
$
10,939

 
$
2,027

 
$
57,235

Ending allowance on loans individually evaluated for impairment
 
$
2,017

 
$
3,716

 
$
4,347

 
$
336

 
$
0

 
$
0

 
$
0

 
$
10,416

Ending allowance on loans collectively evaluated for impairment
 
8,121

 
4,610

 
10,570

 
8,571

 
1,981

 
10,939

 
2,027

 
46,819

Ending allowance for loan and lease losses
 
$
10,138

 
$
8,326

 
$
14,917

 
$
8,907

 
$
1,981

 
$
10,939

 
$
2,027

 
$
57,235

Loans and Leases:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance of loans individually evaluated for impairment
 
$
12,175

 
$
19,294

 
$
31,260

 
$
5,420

 
$
0

 
$
0

 
$
0

 
$
68,149

Ending balance of loans collectively evaluated for impairment
 
788,078

 
144,249

 
1,108,671

 
263,753

 
69,711

 
341,310

 
32,172

 
2,747,944

Total loans, excluding covered loans
 
$
800,253

 
$
163,543

 
$
1,139,931

 
$
269,173

 
$
69,711

 
$
341,310

 
$
32,172

 
$
2,816,093

Covered Loans
 
Changes in the Allowance for Loan and Lease Losses for the Previous Five Quarters
The allowance for loan and lease losses on covered loans is presented in the table below:

 
 
September 30, 2011
 
 
 
 
Real Estate
 
 
 
 
(Dollars in thousands)
 
Commercial
 
Commercial
 
Residential
 
Installment
 
Total
Ending allowance on loans acquired with deteriorated credit quality (ASC 310-30)
 
$
17,850

 
$
27,301

 
$
2,694

 
$
267

 
$
48,112

Ending allowance on acquired loans outside the scope of ASC 310-30
 
0

 
0

 
0

 
0

 
0

Ending allowance on covered loans
 
$
17,850

 
$
27,301

 
$
2,694

 
$
267

 
$
48,112


 
 
December 31, 2010
 
 
 
 
Real Estate
 
 
 
 
(Dollars in thousands)
 
Commercial
 
Commercial
 
Residential
 
Installment
 
Total
Ending allowance on loans acquired with deteriorated credit quality (ASC 310-30)
 
$
8,787

 
$
7,213

 
$
232

 
$
261

 
$
16,493

Ending allowance on acquired loans outside the scope of ASC 310-30
 
0

 
0

 
0

 
0

 
0

Ending allowance on covered loans
 
$
8,787

 
$
7,213

 
$
232

 
$
261

 
$
16,493

Allowance for Loan and Lease Losses by Classification
Changes in the allowance for loan and lease losses on covered loans for the previous five quarters were as follows:

 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
2011
 
2010
 
September 30,
(Dollars in thousands)
 
Sep. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Sep. 30,
 
2011
 
2010
Balance at beginning of period
 
$
51,044

 
$
31,555

 
$
16,493

 
$
11,583

 
$
1,273

 
$
16,493

 
$
0

Provision for loan and lease losses
 
7,260

 
23,895

 
26,016

 
13,997

 
20,725

 
57,171

 
49,147

Loans charged-off
 
(10,609
)
 
(7,456
)
 
(14,026
)
 
(9,351
)
 
(10,492
)
 
(32,091
)
 
(37,641
)
Recoveries
 
417

 
3,050

 
3,072

 
264

 
77

 
6,539

 
77

Balance at end of period
 
$
48,112

 
$
51,044

 
$
31,555

 
$
16,493

 
$
11,583

 
$
48,112

 
$
11,583