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Allowance for Noncovered Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables)
 6 Months Ended
Jun. 30, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]  
Changes in the Allowance for Unfunded Commitments and Letters of Credit
Changes in the allowance for unfunded commitments and letters of credit are summarized as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2012
 
2011
 
2012
 
2011
 
 
(in thousands)
Balance at beginning of period
 
$
1,665

 
$
1,660

 
$
1,535

 
$
1,165

Net changes in the allowance for unfunded commitments and letters of credit
 
—

 
(200
)
 
130

 
295

Balance at end of period
 
$
1,665

 
$
1,460

 
$
1,665

 
$
1,460
Noncovered Loans [Member]
  
Financing Receivable, Allowance for Credit Losses [Line Items]  
Allowance for Credit Losses on Financing Receivables
The following tables show a detailed analysis of the allowance for loan and lease losses for noncovered loans for the three and six months ended June 30, 2012 and 2011: 
 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
 
 
(in thousands)
Three months ended June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
25,542

 
$
(2,028
)
 
$
375

 
$
2,616

 
$
26,505

 
$
3,528

 
$
22,977

Unsecured
 
786

 
(16
)
 
3

 
(1
)
 
772

 
136

 
636

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
689

 
(334
)
 
2

 
316

 
673

 
90

 
583

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
693

 
(77
)
 
—

 
(346
)
 
270

 
—

 
270

Income property multifamily
 
10,249

 
(1,515
)
 
336

 
(344
)
 
8,726

 
49

 
8,677

Owner occupied
 
8,555

 
(247
)
 
486

 
243

 
9,037

 
—

 
9,037

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
1,671

 
(298
)
 
376

 
(98
)
 
1,651

 
—

 
1,651

Residential construction
 
1,002

 
(599
)
 
79

 
715

 
1,197

 
18

 
1,179

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property multifamily
 
223

 
(93
)
 
1

 
624

 
755

 
443

 
312

Owner occupied
 
44

 
—

 
—

 
24

 
68

 
—

 
68

Consumer
 
2,129

 
(374
)
 
86

 
208

 
2,049

 
1

 
2,048

Unallocated
 
700

 
—

 
—

 
(207
)
 
493

 
—

 
493

Total
 
$
52,283

 
$
(5,581
)
 
$
1,744

 
$
3,750

 
$
52,196

 
$
4,265

 
$
47,931

 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
 
 
(in thousands)
Six months ended June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
24,745

 
$
(4,382
)
 
$
989

 
$
5,153

 
$
26,505

 
$
3,528

 
$
22,977

Unsecured
 
689

 
(21
)
 
47

 
57

 
772

 
136

 
636

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
654

 
(449
)
 
45

 
423

 
673

 
90

 
583

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
488

 
(382
)
 
—

 
164

 
270

 
—

 
270

Income property multifamily
 
9,551

 
(3,522
)
 
354

 
2,343

 
8,726

 
49

 
8,677

Owner occupied
 
9,606

 
(612
)
 
538

 
(495
)
 
9,037

 
—

 
9,037

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
2,331

 
(503
)
 
423

 
(600
)
 
1,651

 
—

 
1,651

Residential construction
 
864

 
(599
)
 
79

 
853

 
1,197

 
18

 
1,179

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property multifamily
 
665

 
(93
)
 
1

 
182

 
755

 
443

 
312

Owner occupied
 
35

 
—

 
—

 
33

 
68

 
—

 
68

Consumer
 
2,719

 
(1,467
)
 
459

 
338

 
2,049

 
1

 
2,048

Unallocated
 
694

 
—

 
—

 
(201
)
 
493

 
—

 
493

Total
 
$
53,041

 
$
(12,030
)
 
$
2,935

 
$
8,250

 
$
52,196

 
$
4,265

 
$
47,931


 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
 
 
(in thousands)
Three months ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
22,307

 
$
(834
)
 
$
233

 
$
614

 
$
22,320

 
$
330

 
$
21,990

Unsecured
 
618

 
—

 
359

 
(404
)
 
573

 
72

 
501

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
1,100

 
(216
)
 
—

 
(37
)
 
847

 
—

 
847

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
555

 
(656
)
 
—

 
995

 
894

 
—

 
894

Income property multifamily
 
12,297

 
(275
)
 
13

 
2,674

 
14,709

 
301

 
14,408

Owner occupied
 
10,412

 
(623
)
 
—

 
(3,310
)
 
6,479

 
286

 
6,193

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
3,295

 
(410
)
 
700

 
(733
)
 
2,852

 
148

 
2,704

Residential construction
 
2,118

 
(395
)
 
—

 
(19
)
 
1,704

 
—

 
1,704

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property multifamily
 
127

 
(1,078
)
 
—

 
994

 
43

 
—

 
43

Owner occupied
 
68

 
—

 
—

 
(34
)
 
34

 
—

 
34

Consumer
 
2,418

 
(271
)
 
45

 
556

 
2,748

 
161

 
2,587

Unallocated
 
—

 
—

 
—

 
854

 
854

 
—

 
854

Total
 
$
55,315

 
$
(4,758
)
 
$
1,350

 
$
2,150

 
$
54,057

 
$
1,298

 
$
52,759

 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
 
 
(in thousands)
Six months ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
21,811

 
$
(4,121
)
 
$
329

 
$
4,301

 
$
22,320

 
$
330

 
$
21,990

Unsecured
 
738

 
(84
)
 
368

 
(449
)
 
573

 
72

 
501

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
1,100

 
(664
)
 
—

 
411

 
847

 
—

 
847

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
634

 
(656
)
 
—

 
916

 
894

 
—

 
894

Income property multifamily
 
15,210

 
(640
)
 
55

 
84

 
14,709

 
301

 
14,408

Owner occupied
 
9,692

 
(623
)
 
31

 
(2,621
)
 
6,479

 
286

 
6,193

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
3,769

 
(1,178
)
 
1,768

 
(1,507
)
 
2,852

 
148

 
2,704

Residential construction
 
2,292

 
(1,054
)
 
36

 
430

 
1,704

 
—

 
1,704

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property multifamily
 
274

 
(1,565
)
 
—

 
1,334

 
43

 
—

 
43

Owner occupied
 
70

 
—

 
—

 
(36
)
 
34

 
—

 
34

Consumer
 
2,120

 
(1,196
)
 
108

 
1,716

 
2,748

 
161

 
2,587

Unallocated
 
3,283

 
—

 
—

 
(2,429
)
 
854

 
—

 
854

Total
 
$
60,993

 
$
(11,781
)
 
$
2,695

 
$
2,150

 
$
54,057

 
$
1,298

 
$
52,759
Financing Receivable Credit Quality Indicators
The following is an analysis of the credit quality of our noncovered loan portfolio as of June 30, 2012 and December 31, 2011:
 
 
June 30, 2012
 
December 31, 2011
 
 
Weighted-
Average
Risk Rating
 
Recorded
Investment
Noncovered
Loans
 
Weighted-
Average
Risk Rating
 
Recorded
Investment
Noncovered
Loans
 
 
(dollars in thousands)
Commercial business
 
 
 
 
 
 
 
 
Secured
 
4.87

 
$
1,062,863

 
4.89

 
$
981,417

Unsecured
 
4.31

 
45,273

 
4.25

 
47,406

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
4.73

 
56,015

 
4.81

 
64,063

Commercial & multifamily residential
 
 
 
 
 
 
 
 
Commercial land
 
5.12

 
44,886

 
5.22

 
50,681

Income property multifamily
 
4.85

 
580,029

 
4.94

 
533,993

Owner occupied
 
5.05

 
384,971

 
5.05

 
404,789

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
Land and acquisition
 
6.08

 
20,556

 
6.43

 
25,201

Residential construction
 
5.74

 
26,224

 
5.94

 
23,931

Commercial & multifamily residential
 
 
 
 
 
 
 
 
Income property multifamily
 
4.89

 
26,568

 
5.49

 
20,877

Owner occupied
 
4.59

 
22,122

 
4.55

 
12,790

Consumer
 
4.22

 
167,454

 
4.24

 
183,223

Total recorded investment of noncovered loans
 
 
 
$
2,436,961

 
 
 
$
2,348,371