Portfolio Assets (Tables) (Portfolio Assets)

9 Months Ended

Sep. 30, 2012

Portfolio Assets

Loan and real estate portfolios

Summary of loans receivable

	September 30, 2012
	(Dollars in thousands)
	Carrying		Allowance for		Carrying
	Value		Loan Losses		Value, net
Loan Portfolios:
Purchased Credit-Impaired Loans
Domestic:
Commercial real estate	$	32,391	$	393	$	31,998
Business assets	8,403		52		8,351
Other	4,717		12		4,705
Latin America - commercial real estate	1,016		303		713
Europe - commercial real estate	3,739		—		3,739
Other	5,260		25		5,235
Total Loan Portfolios	$	55,526	$	785	54,741
Real estate held for sale, net					11,953
Total Portfolio Assets					$	66,694

	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				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(Dollars in thousands)
Loan Portfolios:
Purchased Credit-Impaired Loans	$	6,275	$	11,286	$	19,350	$	31,463
Purchased performing loans	91		86		230		372
UBN	—		404		—		946
Other	21		30		66		173
Real Estate Portfolios	1,354		158		2,465		948
Income from Portfolio Assets	$	7,741	$	11,964	$	22,111	$	33,902

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(Dollars in thousands)
Beginning Balance	$	—		$	27,651		$	4,732		$	1,380
Accretion	(13		)	(1,242		)	(589		)	(3,910		)
Reclassification from (to) nonaccretable difference	20			35			(2,065		)	2,930
Disposals	(7		)	(2,148		)	(2,078		)	(5,450		)
Transfer from non-accrual	—			1,532			—			30,857
Translation adjustments	—			(10		)	—			11
Ending Balance	$	—		$	25,818		$	—		$	25,818

Schedule of acquisitions of purchased credit-impaired loans

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(Dollars in thousands)
Face value at acquisition	$	3,685	$	15,129	$	11,270	$	20,840
Cash flows expected to be collected at acquisition, net of adjustments	2,892		11,351		6,254		16,831
Basis in acquired loans at acquisition	2,427		8,451		4,123		12,531

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, July 1, 2012	$	415		$	170		$	12	$	—	$	—	$	—	$	20		$	617
Provisions	1,356			72			—		81		—		—		89			1,598
Recoveries	—			(36		)	—		—		—		—		—			(36		)
Charge offs	(1,378		)	(154		)	—		—		—		—		(84		)	(1,616		)
Transfer from “held for sale” classification (see Note 3)	—			—			—		210		—		—		—			210
Translation adjustments	—			—			—		12		—		—		—			12
Ending balance, September 30, 2012	$	393		$	52		$	12	$	303	$	—	$	—	$	25		$	785

	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	1,761			169			5			81		—		—		114			2,130
Recoveries	—			(80		)	—			—		—		—		—			(80		)
Charge offs	(1,921		)	(222		)	(31		)	—		—		—		(94		)	(2,268		)
Transfer from “held for sale” classification (see Note 3)	—			—			—			210		—		—		—			210
Translation adjustments	—			—			—			12		—		—		—			12
Ending balance, September 30, 2012	$	393		$	52		$	12		$	303	$	—	$	—	$	25		$	785

(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, July 1, 2011	$	546		$	183		$	99		$	339		$	52	$	46,233		$	12		$	47,464
Provisions	514			49			6			8			—		—			—			577
Recoveries	(17		)	—			(7		)	—			—		(78		)	(9		)	(111		)
Charge offs	(767		)	(56		)	(60		)	—			1		(701		)	(3		)	(1,586		)
Translation adjustments	—			—			—			(30		)	—		584			—			554
Ending balance, September 30, 2011	$	276		$	176		$	38		$	317		$	53	$	46,038		$	—		$	46,898

	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	1,121			401			24			57		—			—			16			1,619
Recoveries	(49		)	(7		)	(7		)	—		—			(719		)	(28		)	(810		)
Charge offs	(1,150		)	(470		)	(69		)	—		(855		)	(701		)	(37		)	(3,282		)
Translation adjustments	—			—			—			—		42			4,167			—			4,209
Ending balance, September 30, 2011	$	276		$	176		$	38		$	317	$	53		$	46,038		$	—		$	46,898

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

	September 30,		December 31,
	2012		2011
	(Dollars in thousands)
Commercial real estate	$	36,450	$	76,918
Business assets	8,351		10,557
Other commercial	9,940		9,615
	$	54,741	$	97,090