LOANS AND ALLOWANCE FOR LOAN LOSSES

12 Months Ended

Dec. 31, 2011

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 4 – Loans and Allowance for Loan Losses

The following table summarizes the composition of the loan portfolio at December 31, 2011 and 2010:

	2011			2010
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	725,130		1,045,832
Real estate construction and development		249,987		490,766
Real estate mortgage:
One-to-four-family residential		902,438		1,050,895
Multi-family residential		127,356		178,289
Commercial real estate		1,225,538		1,642,920
Consumer and installment		23,333		33,623
Loans held for sale		31,111		54,470
Net deferred loan fees		(942	)	(4,511	)
Loans, net of net deferred loan fees	$	3,283,951		4,492,284

At December 31, 2011 and 2010, approximately 94% of the total loan portfolio, and 88% and 86% of the commercial, financial and agricultural loan portfolio, respectively, were made to borrowers within the Company’s primary market areas of California, Florida, central and southern Illinois and Missouri, and within markets where First Bank previously had, but no longer has, operations, specifically Northern Illinois and Texas.

Real estate lending constitutes the only significant concentration of credit risk. Real estate loans comprised approximately 77% and 76% of the loan portfolio at December 31, 2011 and 2010, respectively, of which 37% and 32%, respectively, were made to consumers in the form of residential real estate mortgages and home equity lines of credit. First Bank also offers residential real estate mortgage loans with terms that require interest only payments. At December 31, 2011, the balance of such loans, all of which were held for portfolio, was approximately $40.2 million, of which approximately 14.5% were delinquent. At December 31, 2010, the balance of such loans, all of which were held for portfolio, was approximately $59.1 million, of which approximately 24.2% were delinquent.

In general, the Company is a secured lender. At December 31, 2011 and 2010, 99% of the loan portfolio was collateralized. Collateral is required in accordance with the normal credit evaluation process based upon the creditworthiness of the customer and the credit risk associated with the particular transaction.

First Bank originates certain one-to-four-family residential mortgage loans for sale in the secondary market. First Bank has a repurchase obligation on these loans in the event of fraud or, on certain loans, early payment default. The early payment default provisions generally range from four months to one year after sale of the loan in the secondary market. First Bank has not sold any one-to-four-family residential mortgage loans into the secondary market with early payment default provisions since 2007.

Loans to directors, their affiliates and executive officers of the Company were approximately $20.7 million and $9.1 million at December 31, 2011 and 2010, respectively, as further described in Note 20 to the consolidated financial statements.

Loans with a carrying value of approximately $1.40 billion and $2.06 billion at December 31, 2011 and 2010, respectively, were pledged as collateral under borrowing arrangements with the FRB and the FHLB. At December 31, 2011 and 2010, First Bank had no outstanding advances under these borrowing arrangements.

Aging of Loans. The following table presents the aging of loans by loan classification at December 31, 2011 and 2010:

								Recorded
								Investment
	30-59		60-89	90 Days and	Total Past			> 90 Days
	Days		Days	Over	Due	Current	Total Loans	Accruing
	(dollars expressed in thousands)
December 31, 2011:
Commercial, financial and
agricultural	$	1,602	2,085	56,435	60,122	665,008	725,130	1,095
Real estate construction and
development		170	3,033	71,244	74,447	175,540	249,987	—
One-to-four-family residential:
Bank portfolio		4,506	2,577	15,052	22,135	143,443	165,578	362
Mortgage Division portfolio		5,994	1,571	16,778	24,343	342,572	366,915	—
Home equity		3,990	2,151	7,796	13,937	356,008	369,945	856
Multi-family residential		—	118	7,975	8,093	119,263	127,356	—
Commercial real estate		3,888	7,092	47,689	58,669	1,166,869	1,225,538	427
Consumer and installment		396	192	26	614	21,777	22,391	4
Loans held for sale		—	—	—	—	31,111	31,111	—
Total	$	20,546	18,819	222,995	262,360	3,021,591	3,283,951	2,744
December 31, 2010:
Commercial, financial and
agricultural	$	5,574	7,286	68,274	81,134	964,698	1,045,832	909
Real estate construction and
development		1,523	10,816	137,176	149,515	341,251	490,766	2,932
One-to-four-family residential:
Bank portfolio		5,157	2,296	14,845	22,298	217,065	239,363	366
Mortgage Division portfolio		9,998	4,968	33,386	48,352	363,601	411,953	—
Home equity		5,373	1,658	8,438	15,469	384,110	399,579	1,316
Multi-family residential		16,279	1,670	12,960	30,909	147,380	178,289	—
Commercial real estate		9,391	15,252	129,187	153,830	1,489,090	1,642,920	—
Consumer and installment		515	265	165	945	28,167	29,112	—
Loans held for sale		—	—	—	—	54,470	54,470	—
Total	$	53,810	44,211	404,431	502,452	3,989,832	4,492,284	5,523

Under the Company’s loan policy, loans are placed on nonaccrual status once principal or interest payments become 90 days past due. However, individual loan officers may submit written requests for approval to continue the accrual of interest on loans that become 90 days past due. These requests may be submitted for approval consistent with the authority levels provided in the Company’s credit approval policies, and they are only granted if an expected near term future event, such as a pending renewal or expected payoff, exists at the time the loan becomes 90 days past due. If the expected near term future event does not occur as anticipated, the loan is then placed on nonaccrual status. At December 31, 2011 and 2010, the Company had $2.7 million and $5.5 million, respectively, of loans past due 90 days or more and still accruing interest.

Credit Quality Indicators. The Company’s credit management policies and procedures focus on identifying, measuring and controlling credit exposure. These procedures employ a lender-initiated system of rating credits, which is ratified in the loan approval process and subsequently tested in internal credit reviews, external audits and regulatory bank examinations. The system requires the rating of all loans at the time they are originated or acquired, except for homogeneous categories of loans, such as residential real estate mortgage loans and consumer loans. These homogeneous loans are assigned an initial rating based on the Company’s experience with each type of loan. The Company adjusts the ratings of the homogeneous loans based on payment experience subsequent to their origination.

The Company includes adversely rated credits, including loans requiring close monitoring that would not normally be considered classified credits by the Company’s regulators, on its monthly loan watch list. Loans may be added to the Company’s watch list for reasons that are temporary and correctable, such as the absence of current financial statements of the borrower or a deficiency in loan documentation. Loans may also be added to the Company’s watch list whenever any adverse circumstance is detected which might affect the borrower’s ability to comply with the contractual terms of the loan. The delinquency of a scheduled loan payment, deterioration in the borrower’s financial condition identified in a review of periodic financial statements, a decrease in the value of the collateral securing the loan, or a change in the economic environment within which the borrower operates could initiate the addition of a loan to the Company’s watch list. Loans on the Company’s watch list require periodic detailed loan status reports prepared by the responsible officer which are discussed in formal meetings with credit review and credit administration staff members. Upgrades and downgrades of loan risk ratings may be initiated by the responsible loan officer. However, upgrades of risk ratings associated with significant credit relationships and/or problem credit relationships may only be made with the concurrence of appropriate regional or senior regional credit officers.

Under the Company’s risk rating system, special mention loans are those loans that do not currently expose the Company to sufficient risk to warrant classification as substandard, troubled debt restructuring (TDR) or nonaccrual, but possess weaknesses that deserve management’s close attention. Substandard loans include those loans characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. A loan is classified as a TDR when a borrower is experiencing financial difficulties that lead to the restructuring of a loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. Loans classified as TDRs which are accruing interest are classified as performing TDRs. Loans classified as TDRs which are not accruing interest are classified as nonperforming TDRs and included with all other nonaccrual loans for presentation purposes. Loans classified as nonaccrual have all the weaknesses inherent in those loans classified as substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans.

The following table presents the credit exposure of the commercial loan portfolio by internally assigned credit grade as of December 31, 2011 and 2010:

			Real Estate
			Construction
	Commercial		and		Commercial
	and Industrial		Development	Multi-family	Real Estate	Total
	(dollars expressed in thousands)
December 31, 2011:
Pass	$	606,933	57,594	68,748	973,553	1,706,828
Special mention		25,742	11,977	18,678	119,478	175,875
Substandard		32,851	97,158	28,789	60,876	219,674
Performing troubled debt restructuring		4,264	12,014	3,166	24,369	43,813
Nonaccrual		55,340	71,244	7,975	47,262	181,821
	$	725,130	249,987	127,356	1,225,538	2,328,011
December 31, 2010:
Pass	$	829,820	151,686	112,369	1,285,902	2,379,777
Special mention		48,264	73,464	47,376	113,469	282,573
Substandard		100,383	128,227	5,584	95,933	330,127
Performing troubled debt restructuring		—	3,145	—	18,429	21,574
Nonaccrual		67,365	134,244	12,960	129,187	343,756
	$	1,045,832	490,766	178,289	1,642,920	3,357,807

The following table presents the credit exposure of the one-to-four-family residential mortgage Bank portfolio and home equity portfolio by internally assigned credit grade as of December 31, 2011 and 2010:

	Bank		Home
	Portfolio		Equity	Total
	(dollars expressed in thousands)
December 31, 2011:
Pass	$	131,973	358,801	490,774
Special mention		12,797	954	13,751
Substandard		6,118	3,250	9,368
Nonaccrual		14,690	6,940	21,630
	$	165,578	369,945	535,523
December 31, 2010:
Pass	$	175,947	389,566	565,513
Special mention		17,358	1,316	18,674
Substandard		31,579	1,575	33,154
Nonaccrual		14,479	7,122	21,601
	$	239,363	399,579	638,942

The following table presents the credit exposure of the one-to-four-family residential Mortgage Division portfolio and consumer and installment portfolio by payment activity as of December 31, 2011 and 2010:

	Mortgage		Consumer
	Division		and
	Portfolio		Installment	Total
	(dollars expressed in thousands)
December 31, 2011:
Pass	$	263,079	22,369	285,448
Substandard		4,429	—	4,429
Performing troubled debt restructuring		82,629	—	82,629
Nonaccrual		16,778	22	16,800
	$	366,915	22,391	389,306
December 31, 2010:
Pass	$	277,379	28,947	306,326
Substandard		9,859	—	9,859
Performing troubled debt restructuring		91,329	—	91,329
Nonaccrual		33,386	165	33,551
	$	411,953	29,112	441,065

Impaired Loans. Loans deemed to be impaired include performing TDRs and nonaccrual loans. Impaired loans with outstanding balances equal to or greater than $500,000 are evaluated individually for impairment. For these loans, the Company measures the level of impairment based on the present value of the estimated projected cash flows or the estimated value of the collateral. If the current valuation is lower than the current book balance of the loan, the negative difference is evaluated for possible charge-off. In instances where management determines that a charge-off is not appropriate, a specific reserve is established for the individual loan in question. This specific reserve is included as a part of the overall allowance for loan losses.

The following tables present the recorded investment, unpaid principal balance, related allowance for loan losses, average recorded investment and interest income recognized while on impaired status for impaired loans without a related allowance for loan losses and for impaired loans with a related allowance for loan losses by loan classification at December 31, 2011 and 2010:

			Unpaid	Related	Average	Interest
	Recorded		Principal	Allowance for	Recorded	Income
	Investment		Balance	Loan Losses	Investment	Recognized
	(dollars expressed in thousands)
December 31, 2011:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	20,494	38,785	—	25,294	336
Real estate construction and development		62,524	64,025	—	80,230	72
Real estate mortgage:
Bank portfolio		3,274	3,349	—	3,291	—
Mortgage Division portfolio		10,250	22,541	—	11,352	—
Home equity portfolio		196	198	—	210	—
Multi-family residential		7,961	8,193	—	8,358	92
Commercial real estate		45,452	46,485	—	59,613	435
Consumer and installment		1	1	—	2	—
		150,152	183,577	—	188,350	935
With A Related Allowance Recorded:
Commercial, financial and agricultural		39,110	66,497	5,475	48,270	—
Real estate construction and development		20,734	39,586	3,432	26,605	183
Real estate mortgage:
Bank portfolio		11,416	12,496	796	11,473	—
Mortgage Division portfolio		89,157	98,118	15,324	98,739	2,306
Home equity portfolio		6,744	7,217	1,388	7,212	—
Multi-family residential		3,180	3,213	335	3,339	—
Commercial real estate		26,179	32,926	3,875	34,335	168
Consumer and installment		21	21	4	60	—
		196,541	260,074	30,629	230,033	2,657
Total:
Commercial, financial and agricultural		59,604	105,282	5,475	73,564	336
Real estate construction and development		83,258	103,611	3,432	106,835	255
Real estate mortgage:
Bank portfolio		14,690	15,845	796	14,764	—
Mortgage Division portfolio		99,407	120,659	15,324	110,091	2,306
Home equity portfolio		6,940	7,415	1,388	7,422	—
Multi-family residential		11,141	11,406	335	11,697	92
Commercial real estate		71,631	79,411	3,875	93,948	603
Consumer and installment		22	22	4	62	—
	$	346,693	443,651	30,629	418,383	3,592

			Unpaid	Related	Average	Interest
	Recorded		Principal	Allowance for	Recorded	Income
	Investment		Balance	Loan Losses	Investment	Recognized
	(dollars expressed in thousands)
December 31, 2010:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	9,777	29,258	—	9,244	246
Real estate construction and development		40,527	40,997	—	79,408	38
Real estate mortgage:
Bank portfolio		4,141	4,324	—	4,088	—
Mortgage Division portfolio		15,469	34,113	—	15,536	—
Home equity portfolio		—	—	—	—	—
Multi-family residential		5,555	5,702	—	4,833	—
Commercial real estate		54,317	56,983	—	47,881	1,249
Consumer and installment		—	—	—	—	—
		129,786	171,377	—	160,990	1,533
With A Related Allowance Recorded:
Commercial, financial and agricultural		57,588	70,668	6,617	54,448	21
Real estate construction and development		96,862	187,568	10,605	189,790	695
Real estate mortgage:
Bank portfolio		10,338	12,550	372	10,204	—
Mortgage Division portfolio		109,246	117,075	16,746	109,721	3,697
Home equity portfolio		7,122	7,601	1,155	5,302	—
Multi-family residential		7,405	12,349	1,024	6,443	—
Commercial real estate		93,299	120,311	14,329	82,244	—
Consumer and installment		165	165	55	290	—
		382,025	528,287	50,903	458,442	4,413
Total:
Commercial, financial and agricultural		67,365	99,926	6,617	63,692	267
Real estate construction and development		137,389	228,565	10,605	269,198	733
Real estate mortgage:
Bank portfolio		14,479	16,874	372	14,292	—
Mortgage Division portfolio		124,715	151,188	16,746	125,257	3,697
Home equity portfolio		7,122	7,601	1,155	5,302	—
Multi-family residential		12,960	18,051	1,024	11,276	—
Commercial real estate		147,616	177,294	14,329	130,125	1,249
Consumer and installment		165	165	55	290	—
	$	511,811	699,664	50,903	619,432	5,946

Recorded investment represents the Company’s investment in its impaired loans reduced by cumulative charge-offs recorded against the allowance for loan losses on these same loans. At December 31, 2011 and 2010, the Company had recorded charge-offs of $97.0 million and $187.9 million, respectively, on its impaired loans, representing the difference between the unpaid principal balance and the recorded investment reflected in the tables above. The unpaid principal balance represents the principal amount contractually owed to the Company by the borrowers on the impaired loans.

The aggregate allocation of the allowance for loan losses related to impaired loans was approximately $30.6 million and $50.9 million at December 31, 2011 and 2010, respectively.

The Company had $346.7 million and $511.8 million of impaired loans, consisting of loans on nonaccrual status and performing TDRs, at December 31, 2011 and 2010, respectively. Interest on impaired loans that would have been recorded under the original terms of the loans was $34.2 million, $46.3 million and $64.1 million for the years ended December 31, 2011, 2010 and 2009, respectively. Of these amounts, $8.0 million, $14.2 million and $23.0 million was recorded as interest income on such loans in 2011, 2010 and 2009, respectively. The average recorded investment in impaired loans was $418.4 million, $619.4 million and $565.9 million for the years ended December 31, 2011, 2010 and 2009, respectively. The amount of interest income recognized during the time these loans were impaired was $3.6 million, $5.9 million and $4.7 million in 2011, 2010 and 2009, respectively.

Impaired Loans Acquired in Acquisitions. There were no outstanding impaired loans acquired in acquisitions at December 31, 2011. The outstanding balance and carrying amount of impaired loans acquired in acquisitions was $1.4 million and $314,000, respectively, at December 31, 2010. As the loans were classified as nonaccrual loans, there was no accretable yield related to these loans at December 31, 2010. Changes in the carrying amount of impaired loans acquired in acquisitions for the years ended December 31, 2011 and 2010 were as follows:

	2011			2010
	(dollars expressed in thousands)
Balance, beginning of year	$	314		1,945
Transfers to other real estate		(49	)	(721	)
Loans charged-off		(62	)	(872	)
Payments and settlements		(203	)	(38	)
Balance, end of year	$	—		314

Troubled debt restructurings. In the ordinary course of business, the Company modifies loan terms across loan types, including both consumer and commercial loans, for a variety of reasons. Modifications to consumer loans may include, but are not limited to, changes in interest rate, maturity, amortization and financial covenants. In the original underwriting, loan terms are established that represent the then current and projected financial condition of the borrower. Over any period of time, modifications to these loan terms may be required due to changes in the original underwriting assumptions. These changes may include the financial requirements of the borrower as well as underwriting standards. If the modified terms are consistent with competitive market conditions and representative of terms the borrower could otherwise obtain in the open market, the modified loan is not categorized as a TDR.

Loan modifications are generally performed at the request of the individual borrower and may include reduction in interest rates, changes in payments and maturity date extensions. Although the Company does not have formal, standardized loan modification programs for its commercial or consumer loan portfolios, it participates in the U.S. Department of the Treasury’s (U.S. Treasury) Home Affordable Modification Program (HAMP). HAMP gives qualifying homeowners an opportunity to refinance into more affordable monthly payments, with the U.S. Treasury compensating the Company for a portion of the reduction in monthly amounts due from borrowers participating in this program. At December 31, 2011 and 2010, the Company had $75.9 million and $64.2 million, respectively, of modified loans in the HAMP program.

For a loan modification to be classified as a TDR, all of the following conditions must be present: (1) the borrower is experiencing financial difficulty, (2) the Company makes a concession to the original contractual loan terms and (3) the Company would not consider the concessions but for economic or legal reasons related to the borrower’s financial difficulty. Modifications of loan terms to borrowers experiencing financial difficulty are made in an attempt to protect as much of the investment in the loan as possible. These modifications are generally made to either prevent a loan from becoming nonaccrual or to return a nonaccrual loan to performing status based on the expectations that the borrower can adequately perform in accordance with the modified terms.

The determination of whether a modification should be classified as a TDR requires significant judgment after taking into consideration all facts and circumstances surrounding the transaction. No single characteristic or factor, taken alone, is determinative of whether a modification should be classified as a TDR. The fact that a single characteristic is present is not considered sufficient to overcome the preponderance of contrary evidence. Assuming all of the TDR criteria are met, the Company considers one or more of the following concessions to the loan terms to represent a TDR: (1) a reduction of the stated interest rate, (2) an extension of the maturity date or dates at a stated interest rate lower than the current market rate for a new loan with similar terms or (3) forgiveness of principal or accrued interest.

Loans renegotiated at a rate equal to or greater than that of a new loan with comparable risk at the time the contract is modified are excluded from TDR classification in the calendar years subsequent to the renegotiation if the loan is in compliance with the modified terms for at least six months.

The Company does not accrue interest on any TDRs unless it believes collection of all principal and interest under the modified terms is reasonably assured. Generally, six months of consecutive payment performance by the borrower under the restructured terms is required before a TDR is returned to accrual status. However, the period could vary depending upon the individual facts and circumstances of the loan. TDRs accruing interest are classified as performing TDRs. The following table presents the categories of performing TDRs as of December 31, 2011 and 2010:

	2011		2010
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural	$	4,264	—
Real estate construction and development		12,014	3,145
Real estate mortgage:
One-to-four-family residential		82,629	91,329
Multi-family residential		3,166	—
Commercial real estate		24,369	18,429
Total performing troubled debt restructurings	$	126,442	112,903

The Company does not accrue interest on TDRs which have been modified for a period less than six months or are not in compliance with the modified terms. These loans are considered nonperforming TDRs and are included with other nonaccrual loans for classification purposes. The following table presents the categories of loans considered nonperforming TDRs as of December 31, 2011 and 2010:

	2011		2010
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	1,344	5,432
Real estate construction and development		25,603	9,927
Real estate mortgage:
One-to-four-family residential		6,205	4,923
Commercial real estate		7,605	5,909
Total nonperforming troubled debt restructurings	$	40,757	26,191

Both performing and nonperforming TDRs are considered to be impaired loans. When an individual loan is determined to be a TDR, the amount of impairment is based upon the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the underlying collateral less applicable selling costs. The impairment amount is either charged off as a reduction to the allowance for loan losses or provided for as a specific reserve within the allowance for loan losses. The allowance for loan losses allocated to TDRs was $12.8 million and $11.4 million at December 31, 2011 and 2010, respectively.

The following table presents loans classified as TDRs that were modified during the year ended December 31, 2011:

	2011
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number	Recorded		Recorded
Loan Modifications as Troubled Debt Restructurings:	of Contracts	Investment		Investment
	(dollars expressed in thousands)
Commercial, financial and agricultural	3	$	1,945	$	1,945
Real estate construction and development	8		42,784		38,166
Real estate mortgage:
One-to-four-family residential	118		23,607		22,377
Multi-family residential	1		4,964		3,209
Commercial real estate	5		34,113		26,890

The following table presents TDRs that defaulted within 12 months of modification during the year ended December 31, 2011:

	2011
	Number of		Recorded
Troubled Debt Restructurings That Subsequently Defaulted:	Contracts		Investment
	(dollars expressed in thousands)
Real estate construction and development	1	$	460
Real estate mortgage:
One-to-four-family residential	45		9,523
Commercial real estate	1		1,144

Upon default of a TDR, which is considered to be 90 days or more past due under the modified terms, impairment is measured based on the fair value of the underlying collateral less applicable selling costs. The impairment amount is either charged off as a reduction to the allowance for loan losses or provided for as a specific reserve within the allowance for loan losses.

Allowance for Loan Losses. Changes in the allowance for loan losses for the years ended December 31, 2011, 2010 and 2009 were as follows:

	2011			2010		2009
	(dollars expressed in thousands)
Balance, beginning of year	$	201,033		266,448		220,214
Allowance for loan losses allocated to loans sold		—		(321	)	(4,725	)
		201,033		266,127		215,489
Loans charged-off		(154,627	)	(331,196	)	(352,723	)
Recoveries of loans previously charged-off		22,304		52,102		13,682
Net loans charged-off		(132,323	)	(279,094	)	(339,041	)
Provision for loan losses		69,000		214,000		390,000
Balance, end of year	$	137,710		201,033		266,448

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the years ended December 31, 2011 and 2010, in addition to the impairment method used by loan category at December 31, 2011 and 2010:

				Real Estate
	Commercial			Construction		One-to-Four		Multi-				Consumer
	and			and		Family		Family		Commercial		and
	Industrial			Development		Residential		Residential		Real Estate		Installment		Total
						(dollars expressed in thousands)
Year ended December 31, 2011:
Allowance for loan losses:
Beginning balance	$	28,000		58,439		60,762		5,158		47,880		794		201,033
Charge-offs		(46,256	)	(35,459	)	(31,355	)	(3,126	)	(37,974	)	(457	)	(154,627	)
Recoveries		6,962		6,694		3,985		562		3,787		314		22,304
Provision (benefit) for loan losses		38,537		(4,806	)	17,472		2,257		15,755		(215	)	69,000
Ending balance	$	27,243		24,868		50,864		4,851		29,448		436		137,710
December 31, 2011:
Allowance for loan losses:
Ending balance: impaired loans
individually evaluated for impairment	$	4,276		1,752		3,170		110		2,430		—		11,738
Ending balance: impaired loans
collectively evaluated for impairment	$	1,199		1,680		14,338		225		1,445		4		18,891
Ending balance: all other loans collectively
evaluated for impairment	$	21,768		21,436		33,356		4,516		25,573		432		107,081
Financing receivables:
Ending balance	$	725,130		249,987		902,438		127,356		1,225,538		22,391		3,252,840
Ending balance: impaired loans
individually evaluated for
impairment	$	40,527		76,475		16,836		11,141		64,190		—		209,169
Ending balance: impaired loans
collectively evaluated for
impairment	$	19,077		6,783		104,201		—		7,441		22		137,524
Ending balance: all other loans
collectively evaluated for
impairment	$	665,526		166,729		781,401		116,215		1,153,907		22,369		2,906,147

				Real Estate
	Commercial			Construction		One-to-Four		Multi-				Consumer
	and			and		Family		Family		Commercial		and
	Industrial			Development		Residential		Residential		Real Estate		Installment		Total
Year ended December 31, 2010:
Allowance for loan losses:
Beginning balance	$	42,533		90,006		78,593		5,108		49,189		1,019		266,448
Charge-offs		(52,072	)	(143,394	)	(62,208	)	(9,266	)	(63,259	)	(997	)	(331,196	)
Recoveries		37,776		5,256		5,229		14		3,370		457		52,102
Provision (benefit) for loan losses		84		106,571		39,148		9,302		58,580		315		214,000
Allowance for loan losses allocated to
loans sold		(321	)	—		—		—		—		—		(321	)
Ending balance	$	28,000		58,439		60,762		5,158		47,880		794		201,033
December 31, 2010:
Allowance for loan losses:
Ending balance: impaired loans
individually evaluated for impairment	$	4,690		6,572		4,975		644		9,997		—		26,878
Ending balance: impaired loans
collectively evaluated for impairment	$	1,927		4,033		13,298		380		4,332		55		24,025
Ending balance: all other loans collectively
evaluated for impairment	$	21,383		47,834		42,489		4,134		33,551		739		150,130
Financing receivables:
Ending balance	$	1,045,832		490,766		1,050,895		178,289		1,642,920		29,112		4,437,814
Ending balance: impaired loans
individually evaluated for
impairment	$	44,585		128,797		30,388		12,960		136,254		—		352,984
Ending balance: impaired loans
collectively evaluated for
impairment	$	22,780		8,592		115,928		—		11,362		165		158,827
Ending balance: all other loans
collectively evaluated for
impairment	$	978,467		353,377		904,579		165,329		1,495,304		28,947		3,926,003
Ending balance: loans acquired with
deteriorated credit quality	$	—		—		314		—		—		—		314