LOANS AND ALLOWANCE FOR LOAN LOSSES

The following table summarizes the composition of the loan portfolio at June 30, 2013 and December 31, 2012:



	June 30, 2013		December 31, 2012
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	593,403	610,301
Real estate construction and development	167,269		174,979
Real estate mortgage:
One-to-four-family residential	931,986		986,767
Multi-family residential	101,351		103,684
Commercial real estate	963,480		969,680
Consumer and installment	18,159		19,262
Loans held for sale	45,239		66,133
Net deferred loan costs (fees)	62		(59	)
Total loans	$	2,820,949	2,930,747

Aging of Loans. The following table presents the aging of loans by loan classification at June 30, 2013 and December 31, 2012:



	30-59 Days		60-89 Days	Recorded Investment > 90 Days Accruing	Nonaccrual	Total Past Due	Current	Total Loans
	(dollars expressed in thousands)
June 30, 2013:
Commercial, financial and agricultural	$	1,253	1,320	—	14,881	17,454	575,949	593,403
Real estate construction and development	120		75	—	28,305	28,500	138,769	167,269
Real estate mortgage:
Bank portfolio	1,438		491	—	6,051	7,980	93,100	101,080
Mortgage Division portfolio	4,977		2,940	—	19,377	27,294	460,510	487,804
Home equity	1,849		951	350	5,905	9,055	334,047	343,102
Multi-family residential	366		—	—	1,393	1,759	99,592	101,351
Commercial real estate	2,548		1,028	536	13,011	17,123	946,357	963,480
Consumer and installment	93		27	—	35	155	18,066	18,221
Loans held for sale	—		—	—	—	—	45,239	45,239
Total	$	12,644	6,832	886	88,958	109,320	2,711,629	2,820,949
December 31, 2012:
Commercial, financial and agricultural	$	1,180	322	—	19,050	20,552	589,749	610,301
Real estate construction and development	93		—	—	32,152	32,245	142,734	174,979
Real estate mortgage:
Bank portfolio	1,871		1,121	874	6,910	10,776	111,562	122,338
Mortgage Division portfolio	6,264		4,375	—	19,780	30,419	479,552	509,971
Home equity	2,494		1,221	216	8,671	12,602	341,856	354,458
Multi-family residential	—		629	—	6,761	7,390	96,294	103,684
Commercial real estate	66		693	—	16,520	17,279	952,401	969,680
Consumer and installment	174		43	—	28	245	18,958	19,203
Loans held for sale	—		—	—	—	—	66,133	66,133
Total	$	12,142	8,404	1,090	109,872	131,508	2,799,239	2,930,747

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.

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 tables present the credit exposure of the loan portfolio by internally assigned credit grade and payment activity as of June 30, 2013 and December 31, 2012:



Commercial Loan Portfolio Credit Exposure by Internally Assigned Credit Grade	Commercial and Industrial		Real Estate Construction and Development	Multi-family	Commercial Real Estate	Total
			(dollars expressed in thousands)
June 30, 2013:
Pass	$	558,894	45,989	70,887	889,690	1,565,460
Special mention	11,645		3,769	363	31,513	47,290
Substandard	7,827		79,175	554	24,686	112,242
Performing troubled debt restructuring	156		10,031	28,154	4,580	42,921
Nonaccrual	14,881		28,305	1,393	13,011	57,590
Total	$	593,403	167,269	101,351	963,480	1,825,503
December 31, 2012:
Pass	$	572,248	45,356	67,690	858,101	1,543,395
Special mention	10,580		6,076	220	70,450	87,326
Substandard	8,423		81,364	773	13,868	104,428
Performing troubled debt restructuring	—		10,031	28,240	10,741	49,012
Nonaccrual	19,050		32,152	6,761	16,520	74,483
Total	$	610,301	174,979	103,684	969,680	1,858,644



One-to-Four-Family Residential Mortgage Bank and Home Equity Loan Portfolio Credit Exposure by Internally Assigned Credit Grade	Bank Portfolio		Home Equity	Total
	(dollars expressed in thousands)
June 30, 2013:
Pass	$	88,022	335,097	423,119
Special mention	6,302		350	6,652
Substandard	—		1,750	1,750
Performing troubled debt restructuring	705		—	705
Nonaccrual	6,051		5,905	11,956
Total	$	101,080	343,102	444,182
December 31, 2012:
Pass	$	107,625	342,321	449,946
Special mention	4,405		216	4,621
Substandard	1,787		3,250	5,037
Performing troubled debt restructuring	1,611		—	1,611
Nonaccrual	6,910		8,671	15,581
Total	$	122,338	354,458	476,796



One-to-Four-Family Residential Mortgage Division and Consumer and Installment Loan Portfolio Credit Exposure by Payment Activity	Mortgage Division Portfolio		Consumer and Installment	Total
	(dollars expressed in thousands)
June 30, 2013:
Pass	$	388,678	18,186	406,864
Substandard	3,724		—	3,724
Performing troubled debt restructuring	76,025		—	76,025
Nonaccrual	19,377		35	19,412
Total	$	487,804	18,221	506,025
December 31, 2012:
Pass	$	405,270	19,175	424,445
Substandard	6,627		—	6,627
Performing troubled debt restructuring	78,294		—	78,294
Nonaccrual	19,780		28	19,808
Total	$	509,971	19,203	529,174

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, 2013 and December 31, 2012:



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
June 30, 2013:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	5,105	8,560	—	5,614	1
Real estate construction and development	36,504		69,402	—	38,292	277
Real estate mortgage:
Bank portfolio	—		—	—	—	26
Mortgage Division portfolio	10,043		20,702	—	10,247	—
Home equity	625		632	—	753	—
Multi-family residential	28,597		28,863	—	32,141	616
Commercial real estate	12,074		18,107	—	15,909	213
Consumer and installment	—		—	—	—	—
	92,948		146,266	—	102,956	1,133
With A Related Allowance Recorded:
Commercial, financial and agricultural	9,932		25,534	383	10,923	—
Real estate construction and development	1,832		4,376	1,064	1,922	—
Real estate mortgage:
Bank portfolio	6,756		8,488	207	7,786	—
Mortgage Division portfolio	85,359		94,985	12,088	87,094	962
Home equity	5,280		6,142	1,181	6,362	—
Multi-family residential	950		954	753	1,068	—
Commercial real estate	5,517		8,136	730	7,269	13
Consumer and installment	35		35	2	28	—
	115,661		148,650	16,408	122,452	975
Total:
Commercial, financial and agricultural	15,037		34,094	383	16,537	1
Real estate construction and development	38,336		73,778	1,064	40,214	277
Real estate mortgage:
Bank portfolio	6,756		8,488	207	7,786	26
Mortgage Division portfolio	95,402		115,687	12,088	97,341	962
Home equity	5,905		6,774	1,181	7,115	—
Multi-family residential	29,547		29,817	753	33,209	616
Commercial real estate	17,591		26,243	730	23,178	226
Consumer and installment	35		35	2	28	—
	$	208,609	294,916	16,408	225,408	2,108



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
December 31, 2012:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	6,451	24,287	—	12,369	215
Real estate construction and development	39,706		74,044	—	59,094	561
Real estate mortgage:
Bank portfolio	1,611		1,690	—	2,166	32
Mortgage Division portfolio	10,255		22,102	—	10,308	—
Home equity	1,382		1,507	—	1,232	—
Multi-family residential	33,709		37,206	—	13,682	280
Commercial real estate	18,808		24,279	—	35,959	1,160
Consumer and installment	—		—	—	—	—
	111,922		185,115	—	134,810	2,248
With A Related Allowance Recorded:
Commercial, financial and agricultural	12,599		19,255	676	24,157	—
Real estate construction and development	2,477		10,221	1,452	3,687	114
Real estate mortgage:
Bank portfolio	6,910		8,655	284	9,288	—
Mortgage Division portfolio	87,819		96,931	11,574	88,277	2,050
Home equity	7,289		8,188	1,784	6,500	—
Multi-family residential	1,292		1,403	1,138	524	—
Commercial real estate	8,453		12,909	1,043	16,161	11
Consumer and installment	28		28	1	51	—
	126,867		157,590	17,952	148,645	2,175
Total:
Commercial, financial and agricultural	19,050		43,542	676	36,526	215
Real estate construction and development	42,183		84,265	1,452	62,781	675
Real estate mortgage:
Bank portfolio	8,521		10,345	284	11,454	32
Mortgage Division portfolio	98,074		119,033	11,574	98,585	2,050
Home equity	8,671		9,695	1,784	7,732	—
Multi-family residential	35,001		38,609	1,138	14,206	280
Commercial real estate	27,261		37,188	1,043	52,120	1,171
Consumer and installment	28		28	1	51	—
	$	238,789	342,705	17,952	283,455	4,423

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, 2013 and December 31, 2012, the Company had recorded charge-offs of $86.3 million and $103.9 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.

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.

Loan modifications are generally performed at the request of the borrower, whether commercial or consumer, 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, 2013 and December 31, 2012, the Company had $74.3 million and $75.7 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, 2013 and December 31, 2012:



	June 30, 2013		December 31, 2012
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural	$	156	—
Real estate construction and development	10,031		10,031
Real estate mortgage:
One-to-four-family residential	76,730		79,905
Multi-family residential	28,154		28,240
Commercial real estate	4,580		10,741
Total performing troubled debt restructurings	$	119,651	128,917

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, 2013 and December 31, 2012:



	June 30, 2013		December 31, 2012
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	984	1,004
Real estate construction and development	24,733		26,557
Real estate mortgage:
One-to-four-family residential	6,836		7,105
Multi-family residential	—		2,482
Commercial real estate	2,149		2,862
Total nonperforming troubled debt restructurings	$	34,702	40,010

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 $9.5 million at June 30, 2013 and December 31, 2012.

The following tables present loans classified as TDRs that were modified during the three and six months ended June 30, 2013 and 2012:



	Three Months Ended June 30, 2013					Three Months Ended June 30, 2012
	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(dollars expressed in thousands)
Loan Modifications Classified as Troubled Debt Restructurings:
Commercial, financial and agricultural	—	$	—	$	—	—	$	—	$	—
Real estate construction and development	—	—		—		—	—		—
Real estate mortgage:
One-to-four-family residential	10	2,647		2,644		15	2,823		2,817
Commercial real estate	1	156		156		—	—		—



	Six Months Ended June 30, 2013					Six Months Ended June 30, 2012
	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(dollars expressed in thousands)
Loan Modifications Classified as Troubled Debt Restructurings:
Commercial, financial and agricultural	1	$	90	$	45	—	$	—	$	—
Real estate construction and development	—	—		—		2	803		390
Real estate mortgage:
One-to-four-family residential	20	4,870		4,542		29	5,427		5,378
Commercial real estate	1	156		156		1	5,018		5,018

The following tables present TDRs that defaulted within 12 months of modification during the three and six months ended June 30, 2013 and 2012:



	Three Months Ended			Three Months Ended
	June 30, 2013			June 30, 2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded 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	13	2,525		16	3,587



	Six Months Ended			Six Months Ended
	June 30, 2013			June 30, 2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded 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	29	4,921		28	5,894

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, 2013 and 2012 were as follows:



	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013			2012		2013		2012
	(dollars expressed in thousands)
Balance, beginning of period	$	88,170		130,348		91,602		137,710
Loans charged-off	(6,871		)	(17,947	)	(13,754	)	(34,400	)
Recoveries of loans previously charged-off	4,334			7,826		7,785		14,917
Net loans charged-off	(2,537		)	(10,121	)	(5,969	)	(19,483	)
Provision for loan losses	—			—		—		2,000
Balance, end of period	$	85,633		120,227		85,633		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, 2013:



	Commercial and Industrial			Real Estate Construction and Development		One-to- Four-Family Residential		Multi- Family Residential		Commercial Real Estate		Consumer and Installment		Total
	(dollars expressed in thousands)
Three Months Ended June 30, 2013:
Allowance for loan losses:
Beginning balance	$	14,168		13,003		36,660		4,202		19,720		417		88,170
Charge-offs	(1,010		)	(166	)	(4,338	)	(159	)	(1,156	)	(42	)	(6,871	)
Recoveries	1,023			1,321		1,288		141		522		39		4,334
Provision (benefit) for loan losses	(215		)	(2,746	)	1,656		(62	)	1,487		(120	)	—
Ending balance	$	13,966		11,412		35,266		4,122		20,573		294		85,633

Six Months Ended June 30, 2013:
Allowance for loan losses:
Beginning balance	$	13,572		14,434		38,897		4,252		20,048		399		91,602
Charge-offs	(1,686		)	(448	)	(8,727	)	(162	)	(2,633	)	(98	)	(13,754	)
Recoveries	2,090			1,716		2,519		141		1,240		79		7,785
Provision (benefit) for loan losses	(10		)	(4,290	)	2,577		(109	)	1,918		(86	)	—
Ending balance	$	13,966		11,412		35,266		4,122		20,573		294		85,633

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:



	Commercial and Industrial			Real Estate Construction and Development		One-to- Four-Family Residential		Multi- Family Residential		Commercial Real Estate		Consumer and 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 the impairment method used by loan category at June 30, 2013 and December 31, 2012:



	Commercial and Industrial		Real Estate Construction and Development	One-to- Four-Family Residential	Multi- Family Residential	Commercial Real Estate	Consumer and Installment	Total
	(dollars expressed in thousands)
June 30, 2013:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	—	87	3,666	—	282	—	4,035
Impaired loans collectively evaluated for impairment	383		977	9,810	753	448	2	12,373
All other loans collectively evaluated for impairment	13,583		10,348	21,790	3,369	19,843	292	69,225
Total	$	13,966	11,412	35,266	4,122	20,573	294	85,633
Financing receivables:
Impaired loans individually evaluated for impairment	$	5,479	36,828	13,839	28,840	12,351	—	97,337
Impaired loans collectively evaluated for impairment	9,558		1,508	94,224	707	5,240	35	111,272
All other loans collectively evaluated for impairment	578,366		128,933	823,923	71,804	945,889	18,186	2,567,101
Total	$	593,403	167,269	931,986	101,351	963,480	18,221	2,775,710

December 31, 2012:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	75	121	3,187	33	182	—	3,598
Impaired loans collectively evaluated for impairment	601		1,331	10,455	1,105	861	1	14,354
All other loans collectively evaluated for impairment	12,896		12,982	25,255	3,114	19,005	398	73,650
Total	$	13,572	14,434	38,897	4,252	20,048	399	91,602
Financing receivables:
Impaired loans individually evaluated for impairment	$	7,884	39,155	16,843	34,636	20,965	—	119,483
Impaired loans collectively evaluated for impairment	11,166		3,028	98,423	365	6,296	28	119,306
All other loans collectively evaluated for impairment	591,251		132,796	871,501	68,683	942,419	19,175	2,625,825
Total	$	610,301	174,979	986,767	103,684	969,680	19,203	2,864,614