Loans (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Schedule of Loan Portfolio Non-Covered and Covered PCI Loans and Non-PCI Loans

The detail of the loan portfolio as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013						December 31, 2012
	Non-PCI Loans		PCI Loans		Total		Non-PCI Loans		PCI Loans		Total
	(in thousands)
Non-covered loans:
Commercial and industrial	$	1,800,818	$	187,586	$	1,988,404	$	1,832,743	$	252,083	$	2,084,826
Commercial real estate:
Commercial real estate		3,893,492		544,220		4,437,712		3,772,084		645,625		4,417,709
Construction		404,084		22,807		426,891		399,855		25,589		425,444
Total commercial real estate loans		4,297,576		567,027		4,864,603		4,171,939		671,214		4,843,153
Residential mortgage		2,397,884		15,084		2,412,968		2,445,627		16,802		2,462,429
Consumer:
Home equity		415,501		39,665		455,166		438,881		46,577		485,458
Automobile		835,271		—		835,271		786,528		—		786,528
Other consumer		184,570		226		184,796		179,417		314		179,731
Total consumer loans		1,435,342		39,891		1,475,233		1,404,826		46,891		1,451,717
Total non-covered loans	$	9,931,620	$	809,588	$	10,741,208	$	9,855,135	$	986,990	$	10,842,125
Covered loans:
Commercial and industrial	$	—	$	32,990	$	32,990	$	—	$	46,517	$	46,517
Commercial real estate		—		95,164		95,164		—		120,268		120,268
Construction		—		3,029		3,029		—		1,924		1,924
Residential mortgage		—		8,920		8,920		—		9,659		9,659
Consumer		—		1,714		1,714		—		2,306		2,306
Total covered loans		—		141,817		141,817		—		180,674		180,674
Total loans	$	9,931,620	$	951,405	$	10,883,025	$	9,855,135	$	1,167,664	$	11,022,799

Changes in Accretable Yield for Covered Loans

The following table presents changes in the accretable yield for PCI loans during the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in thousands)
Balance, beginning of period	$	153,138		$	229,802		$	169,309		$	66,724
Acquisitions		—			—			—			186,262
Accretion		(17,639	)		(20,385	)		(33,874	)		(43,569	)
Net increase in expected cash flows		120,884			—			120,948			—
Balance, end of period	$	256,383		$	209,417		$	256,383		$	209,417

Changes in FDIC Loss-Share Receivable

Changes in the FDIC loss-share receivable for the three and six months ended June 30, 2013 and 2012 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in thousands)
Balance, beginning of the period	$	43,413		$	69,928		$	44,996		$	74,390
Discount accretion of the present value at the acquisition dates		32			81			65			162
Effect of additional cash flows on covered loans (prospective recognition)		(3,467	)		(2,231	)		(4,949	)		(3,868	)
Decrease in the provision for losses on covered loans		(105	)		—			(2,783	)		—
Other reimbursable expenses		1,540			1,088			2,492			2,554
(Reimbursements from) payments to the FDIC		(727	)		(3,165	)		865			(7,537	)
Other		—			(5,960	)		—			(5,960	)
Balance, end of the period	$	40,686		$	59,741		$	40,686		$	59,741

Past Due, Non-Accrual and Current Non-Covered Loans by Loan Portfolio Class

The following table presents past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis) by loan portfolio class at June 30, 2013 and December 31, 2012:

	Past Due and Non-Accrual Loans
	30-89 Days Past Due Loans		Accruing Loans 90 Days Or More Past Due		Non-Accrual Loans		Total Past Due Loans		Current Non-PCI Loans		Total Non-PCI Loans
	(in thousands)
June 30, 2013
Commercial and industrial	$	3,525	$	—	$	20,913	$	24,438	$	1,776,380	$	1,800,818
Commercial real estate:
Commercial real estate		18,946		259		55,390		74,595		3,818,897		3,893,492
Construction		5,772		150		13,617		19,539		384,545		404,084
Total commercial real estate loans		24,718		409		69,007		94,134		4,203,442		4,297,576
Residential mortgage		10,619		2,342		26,054		39,015		2,358,869		2,397,884
Consumer loans:
Home equity		724		—		2,328		3,052		412,449		415,501
Automobile		3,307		152		221		3,680		831,591		835,271
Other consumer		107		197		—		304		184,266		184,570
Total consumer loans		4,138		349		2,549		7,036		1,428,306		1,435,342
Total	$	43,000	$	3,100	$	118,523	$	164,623	$	9,766,997	$	9,931,620
December 31, 2012
Commercial and industrial	$	3,578	$	283	$	22,424	$	26,285	$	1,806,458	$	1,832,743
Commercial real estate:
Commercial real estate		13,245		2,950		58,625		74,820		3,697,264		3,772,084
Construction		6,685		2,575		14,805		24,065		375,790		399,855
Total commercial real estate loans		19,930		5,525		73,430		98,885		4,073,054		4,171,939
Residential mortgage		18,951		2,356		32,623		53,930		2,391,697		2,445,627
Consumer loans:
Home equity		702		—		2,398		3,100		435,781		438,881
Automobile		5,443		469		305		6,217		780,311		786,528
Other consumer		1,082		32		628		1,742		177,675		179,417
Total consumer loans		7,227		501		3,331		11,059		1,393,767		1,404,826
Total	$	49,686	$	8,665	$	131,808	$	190,159	$	9,664,976	$	9,855,135

Impaired Loans

The following table presents the information about impaired loans by loan portfolio class at June 30, 2013 and December 31, 2012:

	Recorded Investment With No Related Allowance		Recorded Investment With Related Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Allowance
	(in thousands)
June 30, 2013
Commercial and industrial	$	3,670	$	53,925	$	57,595	$	73,152	$	11,420
Commercial real estate:
Commercial real estate		21,747		89,450		111,197		127,316		11,729
Construction		5,744		13,690		19,434		21,595		2,903
Total commercial real estate loans		27,491		103,140		130,631		148,911		14,632
Residential mortgage		11,317		15,562		26,879		30,714		2,677
Consumer loans:
Home equity		1,049		137		1,186		1,529		11
Total consumer loans		1,049		137		1,186		1,529		11
Total	$	43,527	$	172,764	$	216,291	$	254,306	$	28,740
December 31, 2012
Commercial and industrial	$	3,236	$	46,461	$	49,697	$	62,183	$	12,088
Commercial real estate:
Commercial real estate		26,724		84,151		110,875		125,875		11,788
Construction		6,339		14,002		20,341		23,678		4,793
Total commercial real estate loans		33,063		98,153		131,216		149,553		16,581
Residential mortgage		8,232		16,659		24,891		27,059		2,329
Consumer loans:
Home equity		672		258		930		1,169		15
Total consumer loans		672		258		930		1,169		15
Total	$	45,203	$	161,531	$	206,734	$	239,964	$	31,013

Average Recorded Investment and Interest Income Recognized on Impaired Loans

The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,
	2013				2012
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	56,017	$	412	$	48,888	$	339
Commercial real estate:
Commercial real estate		114,066		866		98,077		302
Construction		19,932		70		21,412		37
Total commercial real estate loans		133,998		936		119,489		339
Residential mortgage		29,099		349		21,179		238
Consumer loans:
Home equity		1,174		14		274		3
Total consumer loans		1,174		14		274		3
Total	$	220,288	$	1,711	$	189,830	$	919

	Six Months Ended June 30,
	2013				2012
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Commercial and industrial	$	55,644	$	788	$	52,094	$	748
Commercial real estate:
Commercial real estate		113,735		1,617		95,004		991
Construction		19,547		139		21,742		86
Total commercial real estate loans		133,282		1,756		116,746		1,077
Residential mortgage		28,686		532		20,889		374
Consumer loans:
Home equity		1,194		26		277		7
Total consumer loans		1,194		26		277		7
Total	$	218,853	$	3,102	$	190,006	$	2,206

Pre-Modification and Post-Modification Outstanding Recorded Investments

The following table presents loans by loan portfolio class modified as TDRs during the three and six months ended June 30, 2013 and 2012. The pre-modification and post-modification outstanding recorded investments disclosed in the table below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at June 30, 2013 and 2012, respectively.

	Three Months Ended June 30, 2013						Three Months Ended June 30, 2012
Troubled Debt Restructurings	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
	($ in thousands)
Commercial and industrial		6	$	13,912	$	13,881		8	$	18,278	$	16,623
Commercial real estate:
Commercial real estate		4		7,275		7,266		8		33,677		33,487
Construction		4		4,936		4,979		2		4,557		4,254
Total commercial real estate		8		12,211		12,245		10		38,234		37,741
Residential mortgage		5		1,414		1,259		9		2,926		2,919
Consumer		1		74		74		—		—		—
Total		20	$	27,611	$	27,459		27	$	59,438	$	57,283

	Six Months Ended June 30, 2013						Six Months Ended June 30, 2012
Troubled Debt Restructurings	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
	($ in thousands)
Commercial and industrial		10	$	16,750	$	15,232		13	$	19,700	$	17,574
Commercial real estate:
Commercial real estate		9		11,729		11,727		14		35,726		35,453
Construction		5		5,474		5,510		4		6,711		5,278
Total commercial real estate		14		17,203		17,237		18		42,437		40,731
Residential mortgage		22		4,578		4,016		13		3,778		3,767
Consumer		6		452		397		2		69		67
Total		52	$	38,983	$	36,882		46	$	65,984	$	62,139

Non-Covered Loans Modified as TDR

The following table presents non-PCI loans modified as TDRs within the previous 12 months from, and for which there was a payment default (90 days or more past due) during the three and six months ended June 30, 2013:

Troubled Debt Restructurings Subsequently Defaulted	Three Months Ended June 30, 2013				Six Months Ended June 30, 2013
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
	($ in thousands)
Commercial and industrial		1	$	1,297		1	$	1,297
Commercial real estate		1		531		1		531
Residential mortgage		—		—		9		2,320
Consumer		—		—		2		220
Total		2	$	1,828		13	$	4,368

Risk Category of Loans

The following table presents the risk category of loans (excluding PCI loans) by class of loans based on the most recent analysis performed at June 30, 2013 and December 31, 2012.

Credit exposure - by internally assigned risk rating	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
June 30, 2013
Commercial and industrial	$	1,634,931	$	70,190	$	95,670	$	27	$	1,800,818
Commercial real estate		3,696,473		60,107		136,912		—		3,893,492
Construction		346,560		33,797		17,927		5,800		404,084
Total	$	5,677,964	$	164,094	$	250,509	$	5,827	$	6,098,394
December 31, 2012
Commercial and industrial	$	1,673,604	$	64,777	$	94,184	$	178	$	1,832,743
Commercial real estate		3,563,530		59,175		149,379		—		3,772,084
Construction		340,357		32,817		19,521		7,160		399,855
Total	$	5,577,491	$	156,769	$	263,084	$	7,338	$	6,004,682

Recorded Investment in Loan Classes Based on Payment Activity

The following table presents the recorded investment in those loan classes based on payment activity as of June 30, 2013 and December 31, 2012:

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total Non-PCI Loans
	(in thousands)
June 30, 2013
Residential mortgage	$	2,371,830	$	26,054	$	2,397,884
Home equity		413,173		2,328		415,501
Automobile		835,050		221		835,271
Other consumer		184,570		—		184,570
Total	$	3,804,623	$	28,603	$	3,833,226
December 31, 2012
Residential mortgage	$	2,413,004	$	32,623	$	2,445,627
Home equity		436,483		2,398		438,881
Automobile		786,223		305		786,528
Other consumer		178,789		628		179,417
Total	$	3,814,499	$	35,954	$	3,850,453

Credit exposure - by payment activity	Performing Loans		Non-Performing Loans		Total PCI Loans
	(in thousands)
June 30, 2013
Commercial and industrial	$	216,501	$	4,075	$	220,576
Commercial real estate		594,919		44,465		639,384
Construction		17,150		8,686		25,836
Residential mortgage		20,111		3,893		24,004
Consumer		40,310		1,295		41,605
Total	$	888,991	$	62,414	$	951,405
December 31, 2012
Commercial and industrial	$	292,163	$	6,437	$	298,600
Commercial real estate		715,812		50,081		765,893
Construction		17,967		9,546		27,513
Residential mortgage		22,173		4,288		26,461
Consumer		47,689		1,508		49,197
Total	$	1,095,804	$	71,860	$	1,167,664