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Noncovered Loans (Tables) (Noncovered Loans [Member])
6 Months Ended
Jun. 30, 2014
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):
 
 
June 30,
2014
 
December 31,
2013
Noncovered loans:
 
(in thousands)
Commercial business
 
$
1,735,588

 
$
1,561,782

Real estate:
 
 
 
 
One-to-four family residential
 
102,632

 
108,317

Commercial and multifamily residential
 
2,127,520

 
2,080,075

Total real estate
 
2,230,152

 
2,188,392

Real estate construction:
 
 
 
 
One-to-four family residential
 
61,481

 
54,155

Commercial and multifamily residential
 
134,140

 
126,390

Total real estate construction
 
195,621

 
180,545

Consumer
 
348,439

 
357,014

Less: Net unearned income
 
(57,126
)
 
(68,282
)
Total noncovered loans, net of unearned income
 
4,452,674

 
4,219,451

Less: Allowance for loan and lease losses
 
(49,494
)
 
(52,280
)
Total noncovered loans, net
 
$
4,403,180

 
$
4,167,171

Loans held for sale
 
$
750

 
$
735

Analysis of nonaccrual loans
The following is an analysis of noncovered, nonaccrual loans as of June 30, 2014 and December 31, 2013:
 
 
June 30, 2014
 
December 31, 2013
 
 
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
 
$
11,190

 
$
15,739

 
$
12,433

 
$
19,186

Unsecured
 
294

 
326

 
176

 
202

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
3,024

 
5,125

 
2,667

 
4,678

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
Commercial land
 
658

 
998

 
442

 
783

Income property
 
5,062

 
7,648

 
4,267

 
5,383

Owner occupied
 
5,319

 
7,388

 
6,334

 
7,486

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
Land and acquisition
 
581

 
1,761

 
3,246

 
6,601

Residential construction
 
459

 
1,928

 
459

 
1,928

Consumer
 
4,026

 
5,758

 
3,991

 
6,187

Total
 
$
30,613

 
$
46,671

 
$
34,015

 
$
52,434

Past Due Financing Receivables
 The following is an aging of the recorded investment of the noncovered loan portfolio as of June 30, 2014 and December 31, 2013:
 
 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Greater
than 90
Days Past
Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
June 30, 2014
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,640,938

 
$
3,046

 
$
2,602

 
$

 
$
5,648

 
$
11,190

 
$
1,657,776

Unsecured
 
72,749

 
142

 
67

 

 
209

 
294

 
73,252

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
95,653

 
1,415

 
570

 

 
1,985

 
3,024

 
100,662

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
148,163

 

 

 

 

 
658

 
148,821

Income property
 
1,191,882

 
1,336

 
9

 

 
1,345

 
5,062

 
1,198,289

Owner occupied
 
746,217

 
410

 
2,575

 

 
2,985

 
5,319

 
754,521

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
10,899

 

 

 

 

 
581

 
11,480

Residential construction
 
48,699

 
393

 

 

 
393

 
459

 
49,551

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
87,603

 

 

 

 

 

 
87,603

Owner occupied
 
45,951

 

 

 

 

 

 
45,951

Consumer
 
319,958

 
717

 
67

 

 
784

 
4,026

 
324,768

Total
 
$
4,408,712

 
$
7,459

 
$
5,890

 
$

 
$
13,349

 
$
30,613

 
$
4,452,674

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Greater
than 90
Days Past
Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
December 31, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,457,820

 
$
12,713

 
$
681

 
$

 
$
13,394

 
$
12,433

 
$
1,483,647

Unsecured
 
72,255

 
156

 
17

 

 
173

 
176

 
72,604

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
100,591

 
1,993

 
641

 

 
2,634

 
2,667

 
105,892

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
142,034

 

 
358

 

 
358

 
442

 
142,834

Income property
 
1,138,732

 
144

 
3,289

 

 
3,433

 
4,267

 
1,146,432

Owner occupied
 
749,561

 
4,714

 

 

 
4,714

 
6,334

 
760,609

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
8,225

 
199

 

 

 
199

 
3,246

 
11,670

Residential construction
 
41,533

 

 

 

 

 
459

 
41,992

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
86,521

 

 

 

 

 

 
86,521

Owner occupied
 
38,916

 

 

 

 

 

 
38,916

Consumer
 
322,685

 
835

 
823

 

 
1,658

 
3,991

 
328,334

Total
 
$
4,158,873

 
$
20,754

 
$
5,809

 
$

 
$
26,563

 
$
34,015

 
$
4,219,451

Impaired Financing Receivables
The following is an analysis of impaired loans as of June 30, 2014 and December 31, 2013: 
 
 
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
June 30, 2014
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,651,286

 
$
6,490

 
$
1,332

 
$
2,450

 
$
128

 
$
5,158

 
$
5,929

Unsecured
 
73,233

 
19

 
19

 
19

 
19

 

 

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
98,616

 
2,046

 
432

 
472

 
128

 
1,614

 
2,794

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
148,722

 
99

 

 

 

 
99

 
398

Income property
 
1,190,323

 
7,966

 

 

 

 
7,966

 
12,518

Owner occupied
 
745,351

 
9,170

 
588

 
588

 
35

 
8,582

 
13,020

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
11,368

 
112

 
112

 
111

 
69

 

 

Residential construction
 
49,551

 

 

 

 

 

 

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
87,603

 

 

 

 

 

 

Owner occupied
 
45,951

 

 

 

 

 

 

Consumer
 
324,616

 
152

 
20

 
26

 
1

 
132

 
199

Total
 
$
4,426,620

 
$
26,054

 
$
2,503

 
$
3,666

 
$
380

 
$
23,551

 
$
34,858

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
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, 2013
 
(in thousands)
Noncovered loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
1,478,560

 
$
5,087

 
$
2,866

 
$
2,885

 
$
343

 
$
2,221

 
$
2,560

Unsecured
 
72,569

 
35

 
35

 
35

 
35

 

 

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
104,272

 
1,620

 
442

 
479

 
138

 
1,178

 
2,119

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
142,719

 
115

 

 

 

 
115

 
398

Income property
 
1,140,019

 
6,413

 
918

 
933

 
26

 
5,495

 
7,885

Owner occupied
 
749,601

 
11,008

 
3,802

 
3,817

 
1,073

 
7,206

 
10,464

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
9,726

 
1,944

 
113

 
113

 
71

 
1,831

 
2,587

Residential construction
 
41,992

 

 

 

 

 

 

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
86,521

 

 

 

 

 

 

Owner occupied
 
38,916

 

 

 

 

 

 

Consumer
 
328,167

 
167

 
23

 
27

 
4

 
144

 
210

Total
 
$
4,193,062

 
$
26,389

 
$
8,199

 
$
8,289

 
$
1,690

 
$
18,190

 
$
26,223

The following table provides additional information on impaired loans for the three and six month periods indicated.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
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
 
$
6,933

 
$
17

 
$
6,481

 
$
4

 
$
6,318

 
$
33

 
$
5,941

 
$
8

Unsecured
 
23

 

 
68

 
1

 
27

 
1

 
76

 
1

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
2,069

 
11

 
1,538

 
27

 
1,920

 
23

 
1,722

 
31

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
103

 

 
2,559

 

 
107

 

 
2,591

 

Income property
 
7,213

 
74

 
10,478

 
133

 
6,946

 
136

 
9,704

 
161

Owner occupied
 
9,222

 
235

 
10,437

 
230

 
9,817

 
476

 
10,926

 
510

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
653

 
1

 
2,931

 
1

 
1,083

 
3

 
2,894

 
3

Residential construction
 

 

 
72

 

 

 

 
701

 

Consumer
 
155

 
3

 
425

 
2

 
159

 
5

 
326

 
3

Total
 
$
26,371

 
$
341

 
$
34,989

 
$
398

 
$
26,377

 
$
677

 
$
34,881

 
$
717

Analysis of loans classified as Troubled Debt Restructurings (“TDR”)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
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
 
$
6,933

 
$
17

 
$
6,481

 
$
4

 
$
6,318

 
$
33

 
$
5,941

 
$
8

Unsecured
 
23

 

 
68

 
1

 
27

 
1

 
76

 
1

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
2,069

 
11

 
1,538

 
27

 
1,920

 
23

 
1,722

 
31

Commercial & multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
103

 

 
2,559

 

 
107

 

 
2,591

 

Income property
 
7,213

 
74

 
10,478

 
133

 
6,946

 
136

 
9,704

 
161

Owner occupied
 
9,222

 
235

 
10,437

 
230

 
9,817

 
476

 
10,926

 
510

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
653

 
1

 
2,931

 
1

 
1,083

 
3

 
2,894

 
3

Residential construction
 

 

 
72

 

 

 

 
701

 

Consumer
 
155

 
3

 
425

 
2

 
159

 
5

 
326

 
3

Total
 
$
26,371

 
$
341

 
$
34,989

 
$
398

 
$
26,377

 
$
677

 
$
34,881

 
$
717

The following is an analysis of loans classified as troubled debt restructurings (“TDR”) during the three and six months ended June 30, 2014 and 2013:
 
 
Three months ended June 30, 2014
 
Three months ended June 30, 2013
 
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
Noncovered loans:
 
(dollars in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
2

 
$
546

 
$
546

 
1

 
$
343

 
$
343

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 

 

 

 
1

 
137

 
137

Income property
 

 

 

 
3

 
943

 
943

Owner occupied
 

 

 

 
1

 
172

 
172

Total
 
2

 
$
546

 
$
546

 
6

 
$
1,595

 
$
1,595

 
 
Six months ended June 30, 2014
 
Six months ended June 30, 2013
 
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
Noncovered loans:
 
(dollars in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
4

 
$
759

 
$
759

 
1

 
$
343

 
$
343

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
2

 
494

 
494

 

 

 

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 

 

 

 
1

 
137

 
137

Income property
 
1

 
143

 
126

 
3

 
943

 
943

Owner occupied
 

 

 

 
1

 
172

 
172

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

 

 

 
1

 
117

 
117

Total
 
7

 
$
1,396

 
$
1,379

 
7

 
$
1,712

 
$
1,712