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Noncovered Loans (Tables) (Noncovered Loans [Member])
3 Months Ended
Mar. 31, 2013
Noncovered Loans [Member]
 
Financing Receivable, Recorded Investment [Line Items]  
Analysis of Loan Portfolio by Major Types of Loans
The following is an analysis of the noncovered loan portfolio by major types of loans (net of unearned income):
 
 
March 31,
2013
 
December 31,
2012
Noncovered loans:
 
(in thousands)
Commercial business
 
$
1,204,760

 
$
1,155,158

Real estate:
 
 
 
 
One-to-four family residential
 
43,604

 
43,922

Commercial and multifamily residential
 
1,106,987

 
1,061,201

Total real estate
 
1,150,591

 
1,105,123

Real estate construction:
 
 
 
 
One-to-four family residential
 
52,946

 
50,602

Commercial and multifamily residential
 
67,213

 
65,101

Total real estate construction
 
120,159

 
115,703

Consumer
 
152,687

 
157,493

Less: Net unearned income
 
(6,985
)
 
(7,767
)
Total noncovered loans, net of unearned income
 
2,621,212

 
2,525,710

Less: Allowance for loan and lease losses
 
(51,119
)
 
(52,244
)
Total noncovered loans, net
 
$
2,570,093

 
$
2,473,466

Loans held for sale
 
$
888

 
$
2,563

Analysis of nonaccrual loans
The following is an analysis of noncovered, nonaccrual loans as of March 31, 2013 and December 31, 2012:
 
 
March 31, 2013
 
December 31, 2012
 
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
Noncovered loans:
 
(in thousands)
Commercial business
 
 
 
 
 
 
 
 
Secured
 
$
9,383

 
$
16,192

 
$
9,037

 
$
17,821

Unsecured
 
121

 
121

 
262

 
262

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
1,684

 
2,023

 
2,349

 
2,672

Commercial & multifamily residential
 
 
 
 
 
 
 
 
Commercial land
 
3,347

 
6,701

 
4,076

 
7,491

Income property
 
8,230

 
11,439

 
8,520

 
10,815

Owner occupied
 
5,825

 
6,997

 
6,608

 
7,741

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
Land and acquisition
 
2,646

 
5,841

 
3,084

 
6,704

Residential construction
 
388

 
388

 
1,816

 
2,431

Consumer
 
1,262

 
1,559

 
1,643

 
1,940

Total
 
$
32,886

 
$
51,261

 
$
37,395

 
$
57,877

Past Due Financing Receivables
 The following is an aging of the recorded investment of the noncovered loan portfolio as of March 31, 2013 and December 31, 2012:
 
 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
March 31, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,142,942

 
$
3,739

 
$
1,154

 
$
4,893

 
$
9,383

 
$
1,157,218

Unsecured
 
43,918

 
112

 
164

 
276

 
121

 
44,315

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
41,330

 
849

 
61

 
910

 
1,684

 
43,924

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
43,785

 
1,006

 

 
1,006

 
3,347

 
48,138

Income property
 
645,058

 
2,434

 

 
2,434

 
8,230

 
655,722

Owner occupied
 
389,803

 
2,525

 
1,621

 
4,146

 
5,825

 
399,774

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
18,330

 
204

 
314

 
518

 
2,646

 
21,494

Residential construction
 
30,768

 

 

 

 
388

 
31,156

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
24,479

 

 

 

 

 
24,479

Owner occupied
 
42,192

 

 

 

 

 
42,192

Consumer
 
150,423

 
885

 
230

 
1,115

 
1,262

 
152,800

Total
 
$
2,573,028

 
$
11,754

 
$
3,544

 
$
15,298

 
$
32,886

 
$
2,621,212

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
December 31, 2012
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,091,770

 
$
4,259

 
$
1,485

 
$
5,744

 
$
9,037

 
$
1,106,551

Unsecured
 
44,817

 
252

 
12

 
264

 
262

 
45,343

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
41,508

 
193

 
142

 
335

 
2,349

 
44,192

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
42,818

 
311

 
122

 
433

 
4,076

 
47,327

Income property
 
603,339

 
2,726

 
227

 
2,953

 
8,520

 
614,812

Owner occupied
 
387,525

 
1,040

 

 
1,040

 
6,608

 
395,173

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
15,412

 

 

 

 
3,084

 
18,496

Residential construction
 
29,848

 

 

 

 
1,816

 
31,664

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
28,342

 

 

 

 

 
28,342

Owner occupied
 
36,211

 

 

 

 

 
36,211

Consumer
 
155,207

 
387

 
362

 
749

 
1,643

 
157,599

Total
 
$
2,476,797

 
$
9,168

 
$
2,350

 
$
11,518

 
$
37,395

 
$
2,525,710

Impaired Financing Receivables
The following is an analysis of impaired loans as of March 31, 2013 and December 31, 2012: 
 
 
Recorded Investment
of Loans
Collectively Measured
for Contingency
Provision
 
Recorded Investment
of Loans
Individually
Measured for
Specific
Impairment
 
Impaired Loans With
Recorded Allowance
 
Impaired Loans Without
Recorded Allowance
 
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
March 31, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,152,246

 
$
4,972

 
$
293

 
$
414

 
$
67

 
$
4,680

 
$
7,488

Unsecured
 
44,231

 
84

 
84

 
84

 
84

 

 

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
42,380

 
1,544

 
340

 
362

 
108

 
1,204

 
1,341

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
45,366

 
2,772

 

 

 

 
2,772

 
5,845

Income property
 
646,457

 
9,265

 
18

 
66

 
18

 
9,246

 
12,442

Owner occupied
 
388,437

 
11,337

 
605

 
606

 
34

 
10,732

 
14,135

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
18,914

 
2,580

 
117

 
116

 
74

 
2,463

 
4,033

Residential construction
 
31,011

 
145

 

 

 

 
145

 
144

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
24,479

 

 

 

 

 

 

Owner occupied
 
42,192

 

 

 

 

 

 

Consumer
 
152,674

 
126

 

 

 

 
126

 
126

Total
 
$
2,588,387

 
$
32,825

 
$
1,457

 
$
1,648

 
$
385

 
$
31,368

 
$
45,554

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
Recorded Investment
of Loans
Collectively Measured
for Contingency
Provision
 
Recorded Investment
of Loans
Individually
Measured for
Specific
Impairment
 
Impaired Loans With
Recorded Allowance
 
Impaired Loans Without
Recorded Allowance
 
 
 
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
December 31, 2012
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,101,689

 
$
4,862

 
$
690

 
$
1,994

 
$
113

 
$
4,172

 
$
6,769

Unsecured
 
45,251

 
92

 
92

 
92

 
92

 

 

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
42,103

 
2,089

 
345

 
364

 
112

 
1,744

 
1,902

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
44,672

 
2,655

 

 

 

 
2,655

 
5,727

Income property
 
606,656

 
8,156

 
2,670

 
2,727

 
1,040

 
5,486

 
7,860

Owner occupied
 
383,269

 
11,904

 
608

 
610

 
38

 
11,296

 
14,642

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
15,677

 
2,819

 

 

 

 
2,819

 
4,813

Residential construction
 
29,707

 
1,957

 

 

 

 
1,957

 
2,570

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
28,342

 

 

 

 

 

 

Owner occupied
 
36,211

 

 

 

 

 

 

Consumer
 
157,472

 
127

 

 

 

 
127

 
127

Total
 
$
2,491,049

 
$
34,661

 
$
4,405

 
$
5,787

 
$
1,395

 
$
30,256

 
$
44,410

The following table provides additional information on impaired loans for the three month periods indicated.
 
 
Three Months Ended March 31,
 
 
2013
 
2012
 
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
Noncovered loans:
 
(in thousands)
Commercial business
 
 
 
 
 
 
 
 
Secured
 
$
4,917

 
$
4

 
$
9,709

 
$
309

Unsecured
 
88

 
1

 
119

 
1

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
1,816

 
4

 
2,266

 
1

Commercial & multifamily residential
 
 
 
 
 
 
 
 
Commercial land
 
2,714

 

 
3,405

 

Income property
 
8,710

 
29

 
8,083

 
115

Owner occupied
 
11,620

 
279

 
14,152

 
107

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
Land and acquisition
 
2,700

 
1

 
6,539

 

Residential construction
 
1,051

 
2

 
4,286

 
358

Commercial & multifamily residential
 
 
 
 
 
 
 
 
Income property
 

 

 
6,045

 

Consumer
 
127

 
2

 
1,672

 

Total
 
$
33,743

 
$
322

 
$
56,276

 
$
891

Analysis of loans classified as Troubled Debt Restructurings (“TDR”)
There were no Troubled Debt Restructurings ("TDR") during the three months ended March 31, 2012. The following is an analysis of loans classified as TDR during the three months ended March 31, 2013:
 
 
Three months ended March 31, 2013
 
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
Noncovered loans:
 
(dollars in thousands)
Real estate construction:
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
Land and acquisition
 
1

 
$
117

 
$
117

Total
 
1

 
$
117

 
$
117