LOANS AND ALLOWANCE FOR LOAN LOSSES

6 Months Ended

Jun. 30, 2012

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 June 30, 2012 and December 31, 2011:

	June 30,			December 31,
	2012			2011
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	636,163		725,130
Real estate construction and development		216,894		249,987
Real estate mortgage:
One-to-four-family residential		886,650		902,438
Multi-family residential		121,879		127,356
Commercial real estate		1,105,420		1,225,538
Consumer and installment		18,785		23,333
Loans held for sale		46,289		31,111
Net deferred loan fees		(635	)	(942	)
Loans, net of net deferred loan fees	$	3,031,445		3,283,951

Aging of Loans. The following table presents the aging of loans by loan classification at June 30, 2012 and December 31, 2011:

				Recorded
				Investment
	30-59		60-89	> 90 Days		Total Past
	Days		Days	Accruing	Nonaccrual	Due	Current	Total Loans
	(dollars expressed in thousands)
June 30, 2012:
Commercial, financial and
agricultural	$	1,567	1,343	—	29,277	32,187	603,976	636,163
Real estate construction and
development		65	366	—	48,412	48,843	168,051	216,894
One-to-four-family residential:
Bank portfolio		2,495	1,193	332	10,256	14,276	125,478	139,754
Mortgage Division portfolio		5,422	3,979	—	17,604	27,005	357,500	384,505
Home equity		3,770	2,390	445	6,917	13,522	348,869	362,391
Multi-family residential		451	—	—	5,134	5,585	116,294	121,879
Commercial real estate		1,955	406	—	32,753	35,114	1,070,306	1,105,420
Consumer and installment		201	59	—	19	279	17,871	18,150
Loans held for sale		—	—	—	—	—	46,289	46,289
Total	$	15,926	9,736	777	150,372	176,811	2,854,634	3,031,445
December 31, 2011:
Commercial, financial and
agricultural	$	1,602	2,085	1,095	55,340	60,122	665,008	725,130
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	362	14,690	22,135	143,443	165,578
Mortgage Division portfolio		5,994	1,571	—	16,778	24,343	342,572	366,915
Home equity		3,990	2,151	856	6,940	13,937	356,008	369,945
Multi-family residential		—	118	—	7,975	8,093	119,263	127,356
Commercial real estate		3,888	7,092	427	47,262	58,669	1,166,869	1,225,538
Consumer and installment		396	192	4	22	614	21,777	22,391
Loans held for sale		—	—	—	—	—	31,111	31,111
Total	$	20,546	18,819	2,744	220,251	262,360	3,021,591	3,283,951

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 June 30, 2012 and December 31, 2011, the Company had $777,000 and $2.7 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 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 are 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 June 30, 2012 and December 31, 2011:

			Real Estate
			Construction
	Commercial		and		Commercial
	and Industrial		Development	Multi-family	Real Estate	Total
			(dollars expressed in thousands)
June 30, 2012:
Pass	$	570,149	49,284	66,138	913,804	1,599,375
Special mention		15,576	17,436	18,472	115,318	166,802
Substandard		17,758	89,844	29,006	31,379	167,987
Performing troubled debt restructuring		3,403	11,918	3,129	12,166	30,616
Nonaccrual		29,277	48,412	5,134	32,753	115,576
	$	636,163	216,894	121,879	1,105,420	2,080,356
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

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 June 30, 2012 and December 31, 2011:

	Bank		Home
	Portfolio		Equity	Total
	(dollars expressed in thousands)
June 30, 2012:
Pass	$	110,269	351,778	462,047
Special mention		11,784	446	12,230
Substandard		5,833	3,250	9,083
Performing troubled debt restructuring		1,612	—	1,612
Nonaccrual		10,256	6,917	17,173
	$	139,754	362,391	502,145
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

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 June 30, 2012 and December 31, 2011:

	Mortgage		Consumer
	Division		and
	Portfolio		Installment	Total
	(dollars expressed in thousands)
June 30, 2012:
Pass	$	277,365	18,131	295,496
Substandard		7,496	—	7,496
Performing troubled debt restructuring		82,040	—	82,040
Nonaccrual		17,604	19	17,623
	$	384,505	18,150	402,655
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

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 amount of the 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 June 30, 2012 and December 31, 2011:

			Unpaid	Related	Average	Interest
	Recorded		Principal	Allowance for	Recorded	Income
	Investment		Balance	Loan Losses	Investment	Recognized
	(dollars expressed in thousands)
June 30, 2012:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	16,175	39,131	—	22,713	112
Real estate construction and development		47,320	102,441	—	55,578	279
Real estate mortgage:
Bank portfolio		3,640	5,232	—	4,034	4
Mortgage Division portfolio		8,879	18,969	—	8,844	—
Home equity portfolio		—	—	—	—	—
Multi-family residential		7,465	9,747	—	8,475	88
Commercial real estate		28,249	40,962	—	39,890	773
Consumer and installment		—	—	—	—	—
		111,728	216,482	—	139,534	1,256
With A Related Allowance Recorded:
Commercial, financial and agricultural		16,505	21,922	1,553	23,177	—
Real estate construction and development		13,010	25,241	3,364	15,280	60
Real estate mortgage:
Bank portfolio		8,228	10,316	545	9,118	—
Mortgage Division portfolio		90,765	99,828	11,702	90,412	1,044
Home equity portfolio		6,917	7,873	1,383	7,296	—
Multi-family residential		798	1,190	356	906	—
Commercial real estate		16,670	21,660	3,432	23,540	—
Consumer and installment		19	19	1	65	—
		152,912	188,049	22,336	169,794	1,104
Total:
Commercial, financial and agricultural		32,680	61,053	1,553	45,890	112
Real estate construction and development		60,330	127,682	3,364	70,858	339
Real estate mortgage:
Bank portfolio		11,868	15,548	545	13,152	4
Mortgage Division portfolio		99,644	118,797	11,702	99,256	1,044
Home equity portfolio		6,917	7,873	1,383	7,296	—
Multi-family residential		8,263	10,937	356	9,381	88
Commercial real estate		44,919	62,622	3,432	63,430	773
Consumer and installment		19	19	1	65	—
	$	264,640	404,531	22,336	309,328	2,360

			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	53,140	—	25,294	336
Real estate construction and development		62,524	113,412	—	80,230	72
Real estate mortgage:
Bank portfolio		3,274	5,030	—	3,291	—
Mortgage Division portfolio		10,250	22,541	—	11,352	—
Home equity portfolio		196	198	—	210	—
Multi-family residential		7,961	8,378	—	8,358	92
Commercial real estate		45,452	61,766	—	59,613	435
Consumer and installment		1	1	—	2	—
		150,152	264,466	—	188,350	935
With A Related Allowance Recorded:
Commercial, financial and agricultural		39,110	64,867	5,475	48,270	—
Real estate construction and development		20,734	39,832	3,432	26,605	183
Real estate mortgage:
Bank portfolio		11,416	12,926	796	11,473	—
Mortgage Division portfolio		89,157	98,118	15,324	98,739	2,306
Home equity portfolio		6,744	7,657	1,388	7,212	—
Multi-family residential		3,180	5,281	335	3,339	—
Commercial real estate		26,179	34,073	3,875	34,335	168
Consumer and installment		21	21	4	60	—
		196,541	262,775	30,629	230,033	2,657
Total:
Commercial, financial and agricultural		59,604	118,007	5,475	73,564	336
Real estate construction and development		83,258	153,244	3,432	106,835	255
Real estate mortgage:
Bank portfolio		14,690	17,956	796	14,764	—
Mortgage Division portfolio		99,407	120,659	15,324	110,091	2,306
Home equity portfolio		6,940	7,855	1,388	7,422	—
Multi-family residential		11,141	13,659	335	11,697	92
Commercial real estate		71,631	95,839	3,875	93,948	603
Consumer and installment		22	22	4	62	—
	$	346,693	527,241	30,629	418,383	3,592

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 June 30, 2012 and December 31, 2011, the Company had recorded charge-offs of $139.9 million and $180.5 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.

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 covenants 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 addresses loan modifications on a case-by-case basis and also participates in the U.S. Treasury’s 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 June 30, 2012 and December 31, 2011, the Company had $76.7 million and $75.9 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 June 30, 2012 and December 31, 2011:

	June 30,		December 31,
	2012		2011
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural	$	3,403	4,264
Real estate construction and development		11,918	12,014
Real estate mortgage:
One-to-four-family residential		83,652	82,629
Multi-family residential		3,129	3,166
Commercial real estate		12,166	24,369
Total performing troubled debt restructurings	$	114,268	126,442

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 June 30, 2012 and December 31, 2011:

	June 30,		December 31,
	2012		2011
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	235	1,344
Real estate construction and development		24,054	25,603
Real estate mortgage:
One-to-four-family residential		5,190	6,205
Commercial real estate		4,346	7,605
Total nonperforming troubled debt restructurings	$	33,825	40,757

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 $10.4 million and $12.8 million at June 30, 2012 and December 31, 2011, respectively.

The following table presents loans classified as TDRs that were modified during the three and six months ended June 30, 2012 and 2011:

	Three Months Ended June 30, 2012					Three Months Ended June 30, 2011
		Pre-		Post-				Pre-	Post-
		Modification		Modification				Modification	Modification
	Number	Outstanding		Outstanding		Number		Outstanding	Outstanding
	of	Recorded		Recorded		of		Recorded	Recorded
	Contracts	Investment		Investment		Contracts		Investment	Investment
	(dollars expressed in thousands)
Loan Modifications as Troubled Debt
Restructurings:
Commercial, financial and agricultural	—	$	—	$	—	2	$	640	$	640
Real estate mortgage:
One-to-four-family residential	15		2,823		2,817	27		5,795		5,670
Commercial real estate	—		—		—	2		8,987		5,772

The following table presents loans classified as TDRs that were modified during the six months ended June 30, 2012 and 2011:

	Six Months Ended June 30, 2012					Six Months Ended June 30, 2011
		Pre-			Post-		Pre-		Post-
		Modification		Modification			Modification		Modification
	Number	Outstanding		Outstanding		Number	Outstanding		Outstanding
	of	Recorded		Recorded		of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment
	(dollars expressed in thousands)
Loan Modifications as Troubled Debt
Restructurings:
Commercial, financial and agricultural	—	$	—	$	—	3	$	1,945	$	1,945
Real estate construction and development	2		803		390	—		—		—
Real estate mortgage:
One-to-four-family residential	29		5,427		5,378	72		12,814		12,164
Commercial real estate	1		5,018		5,018	2		8,987		5,772

The following table presents TDRs that defaulted within 12 months of modification during the three months ended June 30, 2012 and 2011:

	Three Months Ended			Three Months Ended
	June 30, 2012			June 30, 2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(dollars expressed in thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Real estate construction and development	3	$	1,364	—	$	—
Real estate mortgage:
One-to-four-family residential	16		3,587	12		2,868

The following table presents TDRs that defaulted within 12 months of modification during the six months ended June 30, 2012 and 2011:

	Six Months Ended			Six Months Ended
	June 30, 2012			June 30, 2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(dollars expressed in thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Real estate construction and development	3	$	1,364	—	$	—
Real estate mortgage:
One-to-four-family residential	28		5,894	22		5,605

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 three and six months ended June 30, 2012 and 2011 were as follows:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012			2011		2012		2011
	(dollars expressed in thousands)
Balance, beginning of period	$	130,348		183,973		137,710		201,033
Loans charged-off		(17,947	)	(49,258	)	(34,400	)	(86,163	)
Recoveries of loans previously charged-off		7,826		3,471		14,917		13,316
Net loans charged-off		(10,121	)	(45,787	)	(19,483	)	(72,847	)
Provision for loan losses		—		23,000		2,000		33,000
Balance, end of period	$	120,227		161,186		120,227		161,186

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2012:

				Real Estate
	Commercial			Construction		One-to-		Multi-				Consumer
	and			and		Four-Family		Family		Commercial		and
	Industrial			Development		Residential		Residential		Real Estate		Installment		Total
	(dollars expressed in thousands)
Three Months Ended June 30, 2012:
Allowance for loan losses:
Beginning balance	$	24,782		24,518		46,670		4,679		29,273		426		130,348
Charge-offs		(5,152	)	(3,339	)	(4,988	)	(237	)	(4,037	)	(194	)	(17,947	)
Recoveries		2,686		2,986		1,223		32		858		41		7,826
Provision (benefit) for loan losses		(301	)	(2,336	)	797		342		1,377		121		—
Ending balance	$	22,015		21,829		43,702		4,816		27,471		394		120,227
Six Months Ended June 30, 2012:
Allowance for loan losses:
Beginning balance	$	27,243		24,868		50,864		4,851		29,448		436		137,710
Charge-offs		(10,233	)	(6,423	)	(8,916	)	(1,169	)	(7,390	)	(269	)	(34,400	)
Recoveries		5,744		3,719		2,475		43		2,846		90		14,917
Provision (benefit) for loan losses		(739	)	(335	)	(721	)	1,091		2,567		137		2,000
Ending balance	$	22,015		21,829		43,702		4,816		27,471		394		120,227

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2011:

				Real Estate
	Commercial			Construction		One-to-		Multi-				Consumer
	and			and		Four-Family		Family		Commercial		and
	Industrial			Development		Residential		Residential		Real Estate		Installment		Total
	(dollars expressed in thousands)
Three Months Ended June 30, 2011:
Allowance for loan losses:
Beginning balance	$	26,571		52,334		55,729		8,520		40,123		696		183,973
Charge-offs		(17,190	)	(9,372	)	(6,762	)	(2,930	)	(12,927	)	(77	)	(49,258	)
Recoveries		1,076		513		1,339		43		385		115		3,471
Provision (benefit) for loan losses		18,481		(7,707	)	2,303		(346	)	10,480		(211	)	23,000
Ending balance	$	28,938		35,768		52,609		5,287		38,061		523		161,186
Six Months Ended June 30, 2011:
Allowance for loan losses:
Beginning balance	$	28,000		58,439		60,762		5,158		47,880		794		201,033
Charge-offs		(22,744	)	(19,686	)	(16,487	)	(2,930	)	(24,021	)	(295	)	(86,163	)
Recoveries		3,966		4,383		2,621		43		2,104		199		13,316
Provision (benefit) for loan losses		19,716		(7,368	)	5,713		3,016		12,098		(175	)	33,000
Ending balance	$	28,938		35,768		52,609		5,287		38,061		523		161,186

The following table represents a summary of the impairment method used by loan category at June 30, 2012 and December 31, 2011:

			Real Estate
	Commercial		Construction	One-to-	Multi-		Consumer
	and		and	Four-Family	Family	Commercial	and
	Industrial		Development	Residential	Residential	Real Estate	Installment	Total
	(dollars expressed in thousands)
June 30, 2012:
Allowance for loan losses:
Ending balance: impaired loans
individually evaluated for impairment	$	143	762	3,767	—	1,495	—	6,167
Ending balance: impaired loans
collectively evaluated for impairment	$	1,410	2,602	9,863	356	1,937	1	16,169
Ending balance: all other loans collectively
evaluated for impairment	$	20,462	18,465	30,072	4,460	24,039	393	97,891
Financing receivables:
Ending balance	$	636,163	216,894	886,650	121,879	1,105,420	18,150	2,985,156
Ending balance: impaired loans
individually evaluated for
impairment	$	17,958	56,357	16,921	7,938	36,544	—	135,718
Ending balance: impaired loans
collectively evaluated for
impairment	$	14,722	3,973	101,508	325	8,375	19	128,922
Ending balance: all other loans
collectively evaluated for
impairment	$	603,483	156,564	768,221	113,616	1,060,501	18,131	2,720,516
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