Portfolio Assets (Tables) (Portfolio Assets)

6 Months Ended

Jun. 30, 2012

Portfolio Assets

Loan and real estate portfolios

Summary of loans receivable

	June 30, 2012
	(Dollars in thousands)
	Carrying		Allowance for		Carrying
	Value		Loan Losses		Value, net
Loan Portfolios:
Purchased Credit-Impaired Loans
Domestic:
Commercial real estate	$	47,211	$	415	$	46,796
Business assets	9,229		170		9,059
Other	3,253		12		3,241
Europe - commercial real estate	3,820		—		3,820
Other	5,457		20		5,437
Total Loan Portfolios	$	68,970	$	617	68,353
Real estate held for sale, net					14,320
Total Portfolio Assets					$	82,673

	December 31, 2011
	(Dollars in thousands)
	Carrying		Allowance for		Carrying
	Value		Loan Losses		Value, net
Loan Portfolios:
Purchased Credit-Impaired Loans
Domestic:
Commercial real estate	$	73,154	$	553	$	72,601
Business assets	10,742		185		10,557
Other	3,754		38		3,716
Latin America - commercial real estate	50		—		50
Europe - commercial real estate	4,267		—		4,267
Other	5,904		5		5,899
Total Loan Portfolios	$	97,871	$	781	97,090
Real estate held for sale, net					26,856
Total Portfolio Assets					$	123,946

Summary of income from portfolio assets

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(Dollars in thousands)
Loan Portfolios:
Purchased Credit-Impaired Loans	$	5,500	$	7,850	$	13,075	$	20,177
Purchased performing loans	68		194		139		286
UBN	—		455		—		542
Other	10		89		45		143
Real Estate Portfolios	287		510		1,111		790
Income from Portfolio Assets	$	5,865	$	9,098	$	14,370	$	21,938

Schedule of changes in accretable yield related to purchased credit-impaired loans

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(Dollars in thousands)
Beginning Balance	$	4,378		$	19,980		$	4,732		$	1,380
Accretion	(229		)	(1,137		)	(576		)	(2,668		)
Reclassification from (to) nonaccretable difference	(2,103		)	2,669			(2,085		)	2,895
Disposals	(2,046		)	(1,920		)	(2,071		)	(3,302		)
Transfer from non-accrual	—			8,052			—			29,325
Translation adjustments	—			7			—			21
Ending Balance	$	—		$	27,651		$	—		$	27,651

Schedule of acquisitions of purchased credit-impaired loans

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(Dollars in thousands)
Face value at acquisition	$	2,380	$	1,574	$	7,585	$	5,711
Cash flows expected to be collected at acquisition, net of adjustments	1,663		1,270		3,362		5,480
Basis in acquired loans at acquisition	1,314		976		1,696		4,080

Schedule of changes in the allowance for loan losses

	Purchased Credit-Impaired Loans													Other
	Domestic									Latin America		Europe
	Commercial			Business						Commercial		Commercial
(dollars in thousands)	Real Estate			Assets			Other			Real Estate		Real Estate		UBN (1)		Other			Total
Beginning balance, April 1, 2012	$	510		$	200		$	38		$	—	$	—	$	—	$	5		$	753
Provisions	277			35			—			—		—		—		25			337
Recoveries	—			—			—			—		—		—		—			—
Charge offs	(372		)	(65		)	(26		)	—		—		—		(10		)	(473		)
Ending balance, June 30, 2012	$	415		$	170		$	12		$	—	$	—	$	—	$	20		$	617

	Purchased Credit-Impaired Loans													Other
	Domestic									Latin America		Europe
	Commercial			Business						Commercial		Commercial
(dollars in thousands)	Real Estate			Assets			Other			Real Estate		Real Estate		UBN (1)		Other			Total
Beginning balance, January 1, 2012	$	553		$	185		$	38		$	—	$	—	$	—	$	5		$	781
Provisions	405			97			5			—		—		—		25			532
Recoveries	—			(44		)	—			—		—		—		—			(44		)
Charge offs	(543		)	(68		)	(31		)	—		—		—		(10		)	(652		)
Ending balance, June 30, 2012	$	415		$	170		$	12		$	—	$	—	$	—	$	20		$	617

(1)  The Company sold the underlying UBN loan portfolio in November 2011.

	Purchased Credit-Impaired Loans													Other
	Domestic									Latin America		Europe
	Commercial			Business						Commercial		Commercial
(dollars in thousands)	Real Estate			Assets			Other			Real Estate		Real Estate		UBN			Other			Total
Beginning balance, April 1, 2011	$	422		$	244		$	90		$	287	$	50	$	45,084		$	49		$	46,226
Provisions	371			205			18			32		—		—			16			642
Recoveries	(19		)	(7		)	—			—		—		(607		)	(19		)	(652		)
Charge offs	(228		)	(259		)	(9		)	—		—		—			(34		)	(530		)
Translation adjustments	—			—			—			20		2		1,756			—			1,778
Ending balance, June 30, 2011	$	546		$	183		$	99		$	339	$	52	$	46,233		$	12		$	47,464

	Purchased Credit-Impaired Loans														Other
	Domestic									Latin America		Europe
	Commercial			Business						Commercial		Commercial
(dollars in thousands)	Real Estate			Assets			Other			Real Estate		Real Estate			UBN			Other			Total
Beginning balance, January 1, 2011	$	354		$	252		$	90		$	260	$	866		$	43,291		$	49		$	45,162
Provisions	607			352			18			49		—			—			16			1,042
Recoveries	(32		)	(7		)	—			—		—			(641		)	(19		)	(699		)
Charge offs	(383		)	(414		)	(9		)	—		(856		)	—			(34		)	(1,696		)
Translation adjustments	—			—			—			30		42			3,583			—			3,655
Ending balance, June 30, 2011	$	546		$	183		$	99		$	339	$	52		$	46,233		$	12		$	47,464

Schedule of recorded investment in loan portfolio assets by credit quality indicator

	June 30,		December 31,
	2012		2011
	(Dollars in thousands)
Commercial real estate	$	50,616	$	76,918
Business assets	9,059		10,557
Other commercial	8,678		9,615
	$	68,353	$	97,090