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Covered Assets and FDIC Loss-sharing Asset (Tables)
 12 Months Ended
Dec. 31, 2013
Covered Assets And FDIC Loss Sharing Asset [Line Items]  
Analysis of Loan Portfolio by Major Types of Loans
The following is an analysis of our covered loans, net of related allowance for losses as of December 31, 2013 and 2012:
 
 
December 31, 2013
 
December 31, 2012
Covered loans:
 
(dollars in thousands)
Commercial business
 
$
72,870

 
$
125,373

Real estate:
 
 
 
 
One-to-four family residential
 
41,642

 
57,150

Commercial and multifamily residential
 
170,879

 
233,106

Total real estate
 
212,521

 
290,256

Real estate construction:
 
 
 
 
One-to-four family residential
 
14,781

 
25,398

Commercial and multifamily residential
 
6,869

 
15,251

Total real estate construction
 
21,650

 
40,649

Consumer
 
34,101

 
44,516

Subtotal of covered loans
 
341,142

 
500,794

Less:
 
 
 
 
Valuation discount resulting from acquisition accounting
 
43,297

 
79,401

Allowance for loan losses
 
20,174

 
30,056

Covered loans, net of valuation discounts and allowance for loan losses
 
$
277,671

 
$
391,337
Changes in Accretable Yield for Acquired Loans
The following table shows the changes in accretable yield for acquired loans for the years ended December 31, 2013, 2012, and 2011:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in thousands)
Balance at beginning of period
 
$
166,888

 
$
259,669

 
$
256,572

Additions resulting from acquisitions
 
—

 
—

 
59,810

Accretion
 
(51,816
)
 
(86,671
)
 
(90,378
)
Disposals
 
(6,898
)
 
(12,856
)
 
(31,483
)
Reclassifications from nonaccretable difference
 
(4,267
)
 
6,746

 
65,148

Balance at end of period
 
$
103,907

 
$
166,888

 
$
259,669
Schedule of Carrying Amounts for Acquired Loans at Acquisition Date
 
Covered OREO at Carrying Value
The following table sets forth activity in covered OREO at carrying value for the years ended December 31, 2013 and 2012:
 
 
 
December 31, 2013
 
December 31, 2012
 
 
(in thousands)
Covered OREO:
 
 
 
 
Balance, beginning of period
 
$
16,311

 
$
28,126

Transfers in
 
8,827

 
14,166

Additional OREO write-downs
 
(282
)
 
(3,484
)
Proceeds from sale of OREO property
 
(22,046
)
 
(33,315
)
Net gain on sale of OREO
 
9,283

 
10,818

Total covered OREO, end of period
 
$
12,093

 
$
16,311
FDIC Loss-sharing Asset
The following table shows a detailed analysis of the FDIC loss-sharing asset for the years ending December 31, 2013 and 2012:
 
 
2013
 
2012
 
 
(in thousands)
Balance at beginning of period
 
$
96,354

 
$
175,071

Adjustments not reflected in income:
 
 
 
 
Cash received from the FDIC
 
(9,246
)
 
(54,649
)
FDIC reimbursable losses, net
 
(2,245
)
 
399

Adjustments reflected in income:
 
 
 
 
Amortization, net
 
(36,729
)
 
(42,940
)
Loan impairment (recapture)
 
(2,609
)
 
20,714

Sale of other real estate
 
(6,177
)
 
(7,789
)
Write-downs of other real estate
 
364

 
5,190

Other
 
134

 
358

Balance at end of period
 
$
39,846

 
$
96,354
Covered Loans [Member]
  
Covered Assets And FDIC Loss Sharing Asset [Line Items]  
Changes in the Allowance for Loan and Lease Losses
The changes in the ALLL for covered loans for the years ended December 31, 2013, 2012, and 2011 are summarized as follows:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in thousands)
Balance at beginning of year
 
$
30,056

 
$
4,944

 
$
6,055

Loans charged off
 
(13,853
)
 
(5,112
)
 
(1,488
)
Recoveries
 
7,232

 
4,332

 
2,025

Provision charged to expense
 
(3,261
)
 
25,892

 
(1,648
)
Balance at end of year
 
$
20,174

 
$
30,056

 
$
4,944