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Allowance for Noncovered Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2013
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
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(in thousands)
Balance at beginning of period
 
$
2,465

 
$
1,665

 
$
1,915

 
$
1,535

Net changes in the allowance for unfunded commitments and letters of credit
 
200

 
250

 
750

 
380

Balance at end of period
 
$
2,665

 
$
1,915

 
$
2,665

 
$
1,915

  
Financing Receivable Credit Quality Indicators  
The following is an analysis of the credit quality of our covered loan portfolio as of September 30, 2013 and 2012:
 
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
September 30, 2013
 
(in thousands)
Covered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
56,973

 
$
2,859

 
$
24,025

 
$
—

 
$
—

 
$
83,857

Unsecured
 
3,018

 
396

 
95

 
—

 
—

 
3,509

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
36,419

 
1,854

 
6,693

 
—

 
—

 
44,966

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
11,978

 
205

 
7,796

 
—

 
—

 
19,979

Income property
 
59,736

 
3,966

 
11,907

 
—

 
—

 
75,609

Owner occupied
 
73,045

 
114

 
12,887

 
—

 
—

 
86,046

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
4,688

 
2,759

 
2,398

 
—

 
—

 
9,845

Residential construction
 
2,587

 
—

 
3,586

 
—

 
—

 
6,173

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
3,847

 
—

 
1,936

 
—

 
—

 
5,783

Owner occupied
 
1,083

 
—

 
280

 
—

 
—

 
1,363

Consumer
 
33,421

 
35

 
3,729

 
27

 
—

 
37,212

Total
 
$
286,795

 
$
12,188

 
$
75,332

 
$
27

 
$
—

 
374,342

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Valuation discount resulting from acquisition accounting
 
49,445

Allowance for loan losses
 
22,737

Covered loans, net
 
$
302,160

 
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
December 31, 2012
 
(in thousands)
Covered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
71,621

 
$
1,823

 
$
45,150

 
$
—

 
$
—

 
$
118,594

Unsecured
 
4,988

 
—

 
1,791

 
—

 
—

 
6,779

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
44,782

 
1,344

 
11,024

 
—

 
—

 
57,150

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
16,336

 
—

 
10,292

 
—

 
—

 
26,628

Income property
 
81,205

 
864

 
23,315

 
—

 
—

 
105,384

Owner occupied
 
82,222

 
3,318

 
15,554

 
—

 
—

 
101,094

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
4,817

 
3,273

 
5,743

 
—

 
—

 
13,833

Residential construction
 
6,050

 
—

 
5,515

 
—

 
—

 
11,565

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
4,419

 
—

 
7,901

 
—

 
—

 
12,320

Owner occupied
 
1,107

 
—

 
1,824

 
—

 
—

 
2,931

Consumer
 
38,973

 
381

 
5,162

 
—

 
—

 
44,516

Total
 
$
356,520

 
$
11,003

 
$
133,271

 
$
—

 
$
—

 
500,794

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Valuation discount resulting from acquisition accounting
 
79,401

Allowance for loan losses
 
30,056

Covered loans, net
 
$
391,337
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 nine months ended September 30, 2013 and 2012: 
 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
Three months ended September 30, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
30,572

 
$
(392
)
 
$
743

 
$
3,187

 
$
34,110

 
$
241

 
$
33,869

Unsecured
 
821

 
(363
)
 
111

 
491

 
1,060

 
43

 
1,017

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
672

 
(47
)
 
39

 
677

 
1,341

 
103

 
1,238

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
691

 
(9
)
 
126

 
(260
)
 
548

 
—

 
548

Income property
 
9,695

 
(132
)
 
154

 
85

 
9,802

 
—

 
9,802

Owner occupied
 
4,515

 
(516
)
 
52

 
637

 
4,688

 
26

 
4,662

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

 
—

 
366

 
(410
)
 
725

 
73

 
652

Residential construction
 
204

 
—

 
95

 
426

 
725

 
—

 
725

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
241

 
—

 
—

 
17

 
258

 
—

 
258

Owner occupied
 
80

 
—

 
—

 
(12
)
 
68

 
—

 
68

Consumer
 
2,455

 
(453
)
 
112

 
405

 
2,519

 
—

 
2,519

Unallocated
 
983

 
—

 
—

 
(983
)
 
—

 
—

 
—

Total
 
$
51,698

 
$
(1,912
)
 
$
1,798

 
$
4,260

 
$
55,844

 
$
486

 
$
55,358

 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
Nine months ended September 30, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
27,270

 
$
(2,236
)
 
$
1,135

 
$
7,941

 
$
34,110

 
$
241

 
$
33,869

Unsecured
 
753

 
(794
)
 
184

 
917

 
1,060

 
43

 
1,017

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
694

 
(191
)
 
180

 
658

 
1,341

 
103

 
1,238

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
460

 
(20
)
 
153

 
(45
)
 
548

 
—

 
548

Income property
 
11,033

 
(950
)
 
260

 
(541
)
 
9,802

 
—

 
9,802

Owner occupied
 
6,362

 
(1,084
)
 
96

 
(686
)
 
4,688

 
26

 
4,662

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
1,171

 
(32
)
 
2,541

 
(2,955
)
 
725

 
73

 
652

Residential construction
 
635

 
(101
)
 
108

 
83

 
725

 
—

 
725

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
316

 
—

 
—

 
(58
)
 
258

 
—

 
258

Owner occupied
 
102

 
—

 
—

 
(34
)
 
68

 
—

 
68

Consumer
 
2,437

 
(1,262
)
 
353

 
991

 
2,519

 
—

 
2,519

Unallocated
 
1,011

 
—

 
—

 
(1,011
)
 
—

 
—

 
—

Total
 
$
52,244

 
$
(6,670
)
 
$
5,010

 
$
5,260

 
$
55,844

 
$
486

 
$
55,358


 
 
Beginning
Balance
 
Charge-offs
 
Recoveries
 
Provision (Recovery)
 
Ending
Balance
 
Specific
Reserve
 
General
Allocation
Three months ended September 30, 2012
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
26,505

 
$
(3,744
)
 
$
194

 
$
3,007

 
$
25,962

 
$
315

 
$
25,647

Unsecured
 
772

 
(31
)
 
83

 
(56
)
 
768

 
100

 
668

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
673

 
(49
)
 
157

 
(216
)
 
565

 
69

 
496

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
270

 
(55
)
 
—

 
207

 
422

 
1

 
421

Income property
 
8,726

 
(436
)
 
357

 
387

 
9,034

 
—

 
9,034

Owner occupied
 
9,037

 
(101
)
 
89

 
(694
)
 
8,331

 
245

 
8,086

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
1,651

 
(307
)
 
404

 
(279
)
 
1,469

 
—

 
1,469

Residential construction
 
1,197

 
(18
)
 
—

 
3

 
1,182

 
—

 
1,182

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
755

 
—

 
63

 
(456
)
 
362

 
—

 
362

Owner occupied
 
68

 
—

 
—

 
23

 
91

 
—

 
91

Consumer
 
2,049

 
(500
)
 
350

 
267

 
2,166

 
—

 
2,166

Unallocated
 
493

 
—

 
—

 
682

 
1,175

 
—

 
1,175

Total
 
$
52,196

 
$
(5,241
)
 
$
1,697

 
$
2,875

 
$
51,527

 
$
730

 
$
50,797

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

 
$
(8,126
)
 
$
1,184

 
$
8,159

 
$
25,962

 
$
315

 
$
25,647

Unsecured
 
689

 
(52
)
 
130

 
1

 
768

 
100

 
668

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
654

 
(499
)
 
202

 
208

 
565

 
69

 
496

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
488

 
(437
)
 
—

 
371

 
422

 
1

 
421

Income property
 
9,551

 
(3,959
)
 
710

 
2,732

 
9,034

 
—

 
9,034

Owner occupied
 
9,606

 
(712
)
 
628

 
(1,191
)
 
8,331

 
245

 
8,086

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

 
(809
)
 
827

 
(880
)
 
1,469

 
—

 
1,469

Residential construction
 
864

 
(617
)
 
79

 
856

 
1,182

 
—

 
1,182

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
665

 
(93
)
 
64

 
(274
)
 
362

 
—

 
362

Owner occupied
 
35

 
—

 
—

 
56

 
91

 
—

 
91

Consumer
 
2,719

 
(1,968
)
 
809

 
606

 
2,166

 
—

 
2,166

Unallocated
 
694

 
—

 
—

 
481

 
1,175

 
—

 
1,175

Total
 
$
53,041

 
$
(17,272
)
 
$
4,633

 
$
11,125

 
$
51,527

 
$
730

 
$
50,797
Financing Receivable Credit Quality Indicators  
The following is an analysis of the credit quality of our noncovered loan portfolio as of September 30, 2013 and December 31, 2012:
 
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
September 30, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,362,097

 
$
38,018

 
$
87,232

 
$
—

 
$
1

 
$
1,487,348

Unsecured
 
74,705

 
23

 
260

 
—

 
—

 
74,988

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
94,947

 
1,687

 
7,455

 
—

 
—

 
104,089

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
128,624

 
2,140

 
4,068

 
—

 
—

 
134,832

Income property
 
1,097,644

 
7,304

 
35,357

 
—

 
150

 
1,140,455

Owner occupied
 
721,373

 
1,521

 
18,000

 
—

 
—

 
740,894

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
8,003

 
172

 
4,065

 
—

 
—

 
12,240

Residential construction
 
34,950

 
3,980

 
1,457

 
—

 
—

 
40,387

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
87,791

 
—

 
249

 
—

 
—

 
88,040

Owner occupied
 
39,064

 
—

 
—

 
—

 
—

 
39,064

Consumer
 
324,274

 
331

 
6,789

 
—

 
1

 
331,395

Total
 
$
3,973,472

 
$
55,176

 
$
164,932

 
$
—

 
$
152

 
4,193,732

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses
 
55,844

Noncovered loans, net
 
$
4,137,888

 
 
Pass
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Total
December 31, 2012
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,011,722

 
$
29,222

 
$
65,607

 
$
—

 
$
—

 
$
1,106,551

Unsecured
 
44,788

 
26

 
529

 
—

 
—

 
45,343

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
40,346

 
406

 
3,440

 
—

 
—

 
44,192

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
43,401

 
—

 
3,926

 
—

 
—

 
47,327

Income property
 
581,671

 
3,688

 
29,453

 
—

 
—

 
614,812

Owner occupied
 
357,063

 
1,848

 
36,262

 
—

 
—

 
395,173

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
12,741

 
1,351

 
4,404

 
—

 
—

 
18,496

Residential construction
 
28,705

 
1,142

 
1,817

 
—

 
—

 
31,664

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
28,342

 
—

 
—

 
—

 
—

 
28,342

Owner occupied
 
36,211

 
—

 
—

 
—

 
—

 
36,211

Consumer
 
151,049

 
75

 
6,475

 
—

 
—

 
157,599

Total
 
$
2,336,039

 
$
37,758

 
$
151,913

 
$
—

 
$
—

 
2,525,710

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses
 
52,244

Noncovered loans, net
 
$
2,473,466