LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES

Loans receivable, including loans held for sale, at December 31, 2012 and 2011 are summarized as follows (dollars in thousands):



	December 31, 2012					December 31, 2011
	Amount			Percent		Amount			Percent
Commercial real estate:
Owner-occupied	$	489,581		15.1	%	$	469,806		14.2	%
Investment properties	583,641			18.0		621,622			18.9
Multifamily real estate	137,504			4.3		139,710			4.2
Commercial construction	30,229			0.9		42,391			1.3
Multifamily construction	22,581			0.7		19,436			0.6
One- to four-family construction	160,815			5.0		144,177			4.4
Land and land development:
Residential	77,010			2.4		97,491			3.0
Commercial	13,982			0.4		15,197			0.5
Commercial business	618,049			19.1		601,440			18.2
Agricultural business, including secured by farmland	230,031			7.1		218,171			6.6
One- to four-family real estate	581,670			18.0		642,501			19.5
Consumer:
Consumer secured by one- to four-family	170,123			5.3		181,049			5.5
Consumer—other	120,498			3.7		103,347			3.1
Total loans outstanding	3,235,714			100.0	%	3,296,338			100.0	%
Less allowance for loan losses	(77,491		)			(82,912		)
Net loans	$	3,158,223				$	3,213,426

Loan amounts are net of unearned, unamortized loan fees (and costs) of approximately $9.0 million at December 31, 2012 and $10.0 million at December 31, 2011.

The Company’s loans by geographic concentration at December 31, 2012 were as follows (dollars in thousands):



	Washington			Oregon			Idaho			Other			Total
Commercial real estate:
Owner-occupied	$	366,422		$	57,903		$	61,379		$	3,877		$	489,581
Investment properties	450,142			85,416			42,774			5,309			583,641
Multifamily real estate	117,654			11,309			8,249			292			137,504
Commercial construction	20,839			6,107			934			2,349			30,229
Multifamily construction	12,383			10,198			—			—			22,581
One- to four-family construction	88,090			71,663			1,062			—			160,815
Land and land development:
Residential	41,680			33,478			1,852			—			77,010
Commercial	8,979			3,092			1,911			—			13,982
Commercial business	396,935			72,594			58,416			90,104			618,049
Agricultural business, including secured by farmland	108,671			51,286			70,074			—			230,031
One- to four-family real estate	360,625			195,364			23,596			2,085			581,670
Consumer:
Consumer secured by one- to four-family	114,405			42,395			12,644			679			170,123
Consumer—other	80,209			34,668			5,621			—			120,498
Total loans	$	2,167,034		$	675,473		$	288,512		$	104,695		$	3,235,714
Percent of total loans	67.0		%	20.9		%	8.9		%	3.2		%	100.0		%

The geographic concentrations of Banner’s land and land development loans by state at December 31, 2012 were as follows (dollars in thousands):



	Washington			Oregon			Idaho			Total
Residential:
Acquisition and development	$	10,182		$	13,454		$	1,612		$	25,248
Improved land and lots	23,418			18,823			240			42,481
Unimproved land	8,080			1,201			—			9,281
Commercial and industrial:
Acquisition and development	1,273			—			482			1,755
Improved land and lots	4,204			136			552			4,892
Unimproved land	3,502			2,956			877			7,335
Total land and land development loans	$	50,659		$	36,570		$	3,763		$	90,992
Percent of land and land development loans	55.7		%	40.2		%	4.1		%	100.0		%

The Company originates both adjustable- and fixed-rate loans. At December 31, 2012 and 2011, the maturity and repricing composition of all those loans, less undisbursed amounts and deferred fees, were as follows (in thousands):



	December 31
	2012		2011
Fixed-rate (term to maturity):
Due in one year or less	$	183,004	$	216,782
Due after one year through three years	171,724		250,715
Due after three years through five years	173,251		182,647
Due after five years through ten years	167,858		157,559
Due after ten years	473,927		502,196
Total fixed-rate loans	1,169,764		1,309,899
Adjustable-rate (term to rate adjustment):
Due in one year or less	1,260,472		1,200,182
Due after one year through three years	275,223		425,309
Due after three years through five years	467,895		336,382
Due after five years through ten years	60,316		23,618
Due after ten years	2,044		948
Total adjustable-rate loans	2,065,950		1,986,439
Total loans	$	3,235,714	$	3,296,338

The adjustable-rate loans have interest rate adjustment limitations and are generally indexed to various prime (The Wall Street Journal) or LIBOR rates, FHLB advance rates or One-to-Five-Year Constant Maturity Treasury Indices. Future market factors may affect the correlation of the interest rate adjustment with the rates the Banks pay on the short-term deposits that primarily have been utilized to fund these loans.

The Company’s loans to directors, executive officers and related entities are on substantially the same terms and underwriting as those prevailing at the time for comparable transactions with unrelated persons and do not involve more than normal risk of collectability. Such loans had the following balances and activity during the years ended December 31, 2012 and 2011 (in thousands):



	Years Ended December 31
	2012			2011
Balance at beginning of year	$	10,239		$	5,428
New loans or advances	31,394			19,742
Repayments and adjustments	(29,170		)	(14,931		)
Balance at end of period	$	12,463		$	10,239

Impaired Loans and the Allowance for Loan Losses. A loan is considered impaired when, based on current information and circumstances, the Company determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan agreement, including scheduled interest payments. Impaired loans are comprised of loans on nonaccrual, TDRs that are performing under their restructured terms, and loans that are 90 days or more past due, but are still on accrual.

The amount of impaired loans and the related allocated reserve for loan losses at the dates indicated were as follows (in thousands):



	December 31, 2012				December 31, 2011
	Loan Amount		Allocated Reserves		Loan Amount		Allocated Reserves
Impaired loans:
Nonaccrual loans
Commercial real estate:
Owner-occupied	$	4,105	$	618	$	4,306	$	281
Investment properties	2,474		56		4,920		626
Multifamily real estate	—		—		362		11
Commercial construction	—		—		949		—
One- to four-family construction	1,565		326		6,622		1,921
Land and land development:
Residential	2,061		323		19,060		1,485
Commercial	46		12		1,100		45
Commercial business	4,750		344		13,460		1,871
Agricultural business, including secured by farmland	—		—		1,896		629
One- to four-family residential	12,964		520		17,408		243
Consumer:
Consumer secured by one- to four-family	2,073		41		1,790		23
Consumer—other	1,323		16		1,115		62
Total nonaccrual loans	31,361		2,256		72,988		7,197
Past due and still accruing	3,029		62		2,324		19
Troubled debt restructuring on accrual status
Commercial real estate:
Owner-occupied	188		4		189		3
Investment properties	7,034		664		8,406		1,119
Multifamily real estate	7,131		1,665		2,088		6
One- to four-family construction	6,726		1,115		8,362		514
Land and land development-residential:	4,842		667		5,334		306
Commercial business	2,975		610		4,598		468
One- to four-family residential	27,540		1,228		24,851		675
Consumer:
Consumer secured by one- to four-family	538		29		334		6
Consumer—other	488		38		371		3
Total troubled debt restructurings on accrual status	57,462		6,020		54,533		3,100
Total impaired loans	$	91,852	$	8,338	$	129,845	$	10,316

As of December 31, 2012, the Company had additional commitments to advance funds up to an amount of $1.8 million related to TDRs.

The following tables provide additional information on impaired loans with and without specific allowance reserves as of December 31, 2012 and December 31, 2011. Recorded investment includes the unpaid principal balance or the carrying amount of loans less charge-offs and net deferred loan fees (in thousands):



	December 31, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Without a specific allowance reserve ⁽¹⁾
Commercial real estate:
Owner-occupied	$	1,300	$	1,551	$	103	$	1,470	$	—
Investment properties	624		861		90		735		17
Multifamily real estate	2,131		2,131		392		2,136		113
One- to four-family construction	4,460		4,460		571		3,335		145
Land and land development:
Residential	2,122		2,587		404		2,948		73
Commercial	46		46		12		46		—
Commercial business	4,352		4,970		821		2,121		154
One- to four-family residential	10,886		12,004		150		11,458		44
Consumer:
Consumer secured by one- to four-family	1,641		2,335		54		1,966		14
Consumer—other	1,167		1,275		16		1,297		5
	28,729		32,220		2,613		27,512		565
With a specific allowance reserve ⁽²⁾
Commercial real estate:
Owner-occupied	2,993		2,993		518		3,113		—
Investment properties	8,884		10,120		630		9,449		229
Multifamily real estate	5,000		5,000		1,273		5,000		295
One- to four-family construction	3,831		3,831		870		3,611		194
Land and land development:
Residential	4,782		4,782		586		5,039		185
Commercial	—		—		—		—		—
Commercial business	3,373		3,734		134		3,931		6
One- to four-family residential	32,494		33,672		1,656		33,100		1,259
Consumer:
Consumer secured by one- to four-family	1,042		1,140		26		1,074		15
Consumer—other	724		740		32		754		—
	63,123		66,012		5,725		65,071		2,183
Total
Commercial real estate:
Owner occupied	4,293		4,544		621		4,583		—
Investment properties	9,508		10,981		720		10,184		246
Multifamily real estate	7,131		7,131		1,665		7,136		408
One- to four-family construction	8,291		8,291		1,441		6,946		339
Land and land development:
Residential	6,904		7,369		990		7,987		258
Commercial	46		46		12		46		—
Commercial business	7,725		8,704		955		6,052		160
One- to four-family residential	43,380		45,676		1,806		44,558		1,303
Consumer:
Consumer secured by one- to four-family	2,683		3,475		80		3,040		29
Consumer—other	1,891		2,015		48		2,051		5
	$	91,852	$	98,232	$	8,338	$	92,583	$	2,748



	December 31, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Without a specific allowance reserve ⁽¹⁾
Commercial real estate:
Owner-occupied	$	852	$	853	$	78	$	874	$	—
Investment properties	1,576		1,618		261		1,728		9
Multifamily real estate	452		452		6		456		32
One- to four-family construction	5,429		5,488		437		5,580		242
Land and land development:
Residential	4,064		4,679		1,176		4,524		99
Commercial	645		645		45		616		—
Commercial business	5,173		5,535		932		5,587		81
Agricultural business, including secured by farmland	412		632		37		529		—
One- to four-family residential	27,529		28,121		277		27,933		919
Consumer:
Consumer secured by one- to four-family	1,707		2,162		29		2,042		22
Consumer—other	559		666		5		624		7
	48,398		50,851		3,283		50,493		1,411
With a specific allowance reserve ⁽²⁾
Commercial real estate:
Owner-occupied	3,643		4,013		207		3,901		13
Investment properties	11,750		14,200		1,485		13,471		424
Multifamily real estate	1,997		1,997		11		1,967		82
Commercial construction	949		1,493		—		1,465		—
One- to four-family construction	9,556		9,821		1,998		9,185		277
Land and land development:
Residential	20,331		34,068		616		36,747		220
Commercial	454		454		—		454		—
Commercial business	12,889		13,333		1,404		13,721		144
Agricultural business, including secured by farmland	1,483		1,671		592		1,855		—
One- to four-family residential	16,877		18,301		658		17,555		469
Consumer:
Consumer secured by one- to four-family	603		630		—		585		—
Consumer—other	915		915		62		881		18
	81,447		100,896		7,033		101,787		1,647
Total
Commercial real estate:
Owner-occupied	4,495		4,866		285		4,775		13
Investment properties	13,326		15,818		1,746		15,199		433
Multifamily real estate	2,449		2,449		17		2,423		114
Commercial construction	949		1,493		—		1,465		—
One- to four-family construction	14,985		15,309		2,435		14,765		519
Land and land development:
Residential	24,395		38,747		1,792		41,271		319
Commercial	1,099		1,099		45		1,070		—
Commercial business	18,062		18,868		2,336		19,308		225
Agricultural business, including secured by farmland	1,895		2,303		629		2,384		—
One- to four-family residential	44,406		46,422		935		45,488		1,388
Consumer:
Consumer secured by one- to four-family	2,310		2,792		29		2,627		22
Consumer—other	1,474		1,581		67		1,505		25
	$	129,845	$	151,747	$	10,316	$	152,280	$	3,058


⁽¹⁾	Loans without a specific allowance reserve have not been individually evaluated for impairment, but have been included in pools of homogeneous loans for evaluation of related allowance reserves.

⁽²⁾

Loans with a specific allowance reserve have been individually evaluated for impairment using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals to establish realizable value. These analyses may identify a specific impairment amount needed or may conclude that no reserve is needed. Any specific impairment that is identified is included in the category’s Related Allowance column.

The following tables present TDRs at December 31, 2012 and 2011 (in thousands):



	December 31, 2012
	Accrual Status		Nonaccrual Status		Total Modifications
Commercial real estate:
Owner-occupied	$	188	$	1,551	$	1,739
Investment properties	7,034		1,514		8,548
Multifamily real estate	7,131		—		7,131
One- to four-family construction	6,726		1,044		7,770
Land and land development:
Residential	4,842		15		4,857
Commercial business	2,975		247		3,222
One- to four-family residential	27,540		2,703		30,243
Consumer:
Consumer secured by one- to four-family	538		496		1,034
Consumer—other	488		396		884
	$	57,462	$	7,966	$	65,428



	December 31, 2011
	Accrual Status		Nonaccrual Status		Total Modifications
Commercial real estate:
Owner-occupied	$	—	$	142	$	142
Investment properties	7,751		1,822		9,573
Multifamily real estate	2,088		—		2,088
One- to four-family construction	8,362		271		8,633
Land and land development:
Residential	5,334		557		5,891
Commercial	—		949		949
Commercial business	4,401		—		4,401
One- to four-family residential	23,291		3,086		26,377
Consumer:
Consumer secured by one- to four-family	371		549		920
Consumer—other	2,935		3,974		6,909
	$	54,533	$	11,350	$	65,883

The following tables present new TDRs that occurred during the twelve months ended December 31, 2012 and 2011 (dollars in thousands):



	Twelve Months Ended December 31, 2012
	Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Recorded Investment ^{(1) (2)}
Commercial real estate:
Owner-occupied	1	$	943	$	943
Investment properties	6	3,891		3,891
Multifamily real estate	2	5,054		5,054
One- to four-family construction	23	5,454		5,454
Residential land and land development	6	3,341		3,341
Commercial business	9	1,886		1,886
One- to four-family residential	29	10,914		10,914
Consumer:
Consumer secured by one- to four-family	3	206		206
Consumer—other	2	368		368
	81	$	32,057	$	32,057



	Twelve Months Ended December 31, 2011
	Number of Loans	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Recorded Investment ^{(1) (2)}
Commercial real estate:
Owner-occupied	1	142		142
Investment properties	4	6,753		6,753
Multifamily real estate	3	2,450		2,450
One- to four-family construction	6	3,134		3,064
Residential land and land development	6	1,908		1,908
Commercial business	8	3,767		3,767
One- to four-family residential	5	1,379		1,284
Consumer	21	3,150		3,150
	54	$	22,683	$	22,518


⁽¹⁾	Since most loans were already considered classified and/or on non-accrual status prior to restructuring, the modifications did not have a material effect on the Company’s determination of the allowance for loan losses.


⁽²⁾	The majority of these modifications do not fit into one separate type, such as: rate, term, amount, interest-only or payment; but instead are a combination of multiple types of modifications, therefore they are disclosed in aggregate.

The following table presents TDRs which incurred a payment default within the twelve-month periods ended December 31, 2012 and 2011, for which the payment default occurred within twelve months of the restructure date. A default on a restructured loan results in a transfer to nonaccrual status, a charge-off or a combination of both (in thousands):



	Twelve Months Ended December 31
	2012			2011
	Number of Loans	Amount		Number of Loans	Amount
Commercial real estate	2	$	2,346	2	$	1,964
Construction and land	6	1,044		2	578
One- to four-family residential	4	492		1	598
Consumer	—	—		11	1,732
Balance, end of period	12	$	3,882	16	$	4,872

Credit Quality Indicators: To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, management has implemented a risk-rating or loan grading system for its loans. The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company. Generally, loans and leases are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings. There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship. Loans are graded on a scale of 1 to 9. A description of the general characteristics of these categories is shown below:

Overall Risk Rating Definitions: Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan or lease. Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan or lease to exhibit characteristics of more than one risk-rating category. Consideration for the final rating is centered in the borrower’s ability to repay, in a timely fashion, both principal and interest. There were no material changes in the risk-rating or loan grading system in 2012.

Risk Rating 1: Exceptional

A credit supported by exceptional financial strength, stability, and liquidity. The risk rating of 1 is reserved for the Company’s top quality loans, generally reserved for investment grade credits underwritten to the standards of institutional credit providers.

Risk Rating 2: Excellent

A credit supported by excellent financial strength, stability and liquidity. The risk rating of 2 is reserved for very strong and highly stable customers with ready access to alternative financing sources.

Risk Rating 3: Strong

A credit supported by good overall financial strength and stability. Collateral margins are strong, cash flow is stable although susceptible to cyclical market changes.

Risk Rating 4: Acceptable

A credit supported by the borrower’s adequate financial strength and stability. Assets and cash flow are reasonably sound and provide for orderly debt reduction. Access to alternative financing sources will be more difficult to obtain.

Risk Rating 5: Watch

A credit with the characteristics of an acceptable credit but one which requires more than the normal level of supervision and warrants formal quarterly management reporting. Credits in this category are not yet criticized or classified, but due to adverse events or aspects of underwriting require closer than normal supervision. Generally, credits should be watch credits in most cases for six months or less as the impact of stress factors are analyzed.

Risk Rating 6: Special Mention

A credit with potential weaknesses that deserves management’s close attention is risk rated a 6. If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt. A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources. Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard

A credit with well defined weaknesses that jeopardize the ability to repay in full is risk rated a 7. These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral. These are credits with a distinct possibility of loss. Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful

A credit with an extremely high probability of loss is risk rated 8. These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable. While some loss on doubtful credits is expected, pending events may strengthen a credit making the amount and timing of any loss indeterminate. In these situations taking the loss is inappropriate until it is clear that the pending event has failed to strengthen the credit and improve the capacity to repay debt.

Risk Rating 9: Loss

A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable Bank asset is risk rated 9. Losses are taken in the accounting period in which the credit is determined to be uncollectible. Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.

The following table shows Banner’s portfolio of risk-rated loans and non-risk-rated loans by grade or other characteristic as of December 31, 2012 (in thousands):



	December 31, 2012
	Commercial Real Estate		Multifamily		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer ⁽¹⁾		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5)	$	1,016,964	$	130,815	$	274,407	$	581,846	$	228,304	$	560,781	$	284,816	$	3,077,933
Special mention	14,332		—		3,146		7,905		713		438		148		26,682
Substandard	41,382		6,689		27,064		28,287		1,014		20,451		5,657		130,544
Doubtful	544		—		—		11		—		—		—		555
Total loans	$	1,073,222	$	137,504	$	304,617	$	618,049	$	230,031	$	581,670	$	290,621	$	3,235,714
Performing loans	$	1,066,643	$	137,504	$	300,945	$	613,299	$	230,031	$	565,829	$	287,073	$	3,201,324
Non-performing loans ⁽²⁾	6,579		—		3,672		4,750		—		15,841		3,548		34,390
Total loans	$	1,073,222	$	137,504	$	304,617	$	618,049	$	230,031	$	581,670	$	290,621	$	3,235,714


⁽¹⁾	Most consumer loans are not individually risk-rated. For consumer loans that are not risk-rated, those that are performing consumer loans are reflected above as “Pass,” while non-performing consumer loans are reflected above as “Substandard.”


⁽²⁾	Non-performing loans include loans on non-accrual status and loans more than 90 days delinquent, but still accruing interest.

The following table shows Banner’s portfolio of risk-rated loans and non-risk-rated loans by grade or other characteristic as of December 31, 2011 (in thousands):



	December 31, 2011
	Commercial Real Estate		Multifamily		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer ⁽¹⁾		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5)	$	1,003,990	$	132,108	$	257,685	$	542,625	$	213,512	$	607,793	$	276,642	$	3,034,355
Special mention	29,751		5,000		3,359		13,447		923		772		402		53,654
Substandard	57,687		2,602		57,648		45,032		3,736		33,936		7,352		207,993
Doubtful	—		—		—		336		—		—		—		336
Total loans	$	1,091,428	$	139,710	$	318,692	$	601,440	$	218,171	$	642,501	$	284,396	$	3,296,338
Performing loans	$	1,082,202	$	139,348	$	290,961	$	587,976	$	216,275	$	622,946	$	281,318	$	3,221,026
Non-performing loans ⁽²⁾	9,226		362		27,731		13,464		1,896		19,555		3,078		75,312
Total loans	$	1,091,428	$	139,710	$	318,692	$	601,440	$	218,171	$	642,501	$	284,396	$	3,296,338


⁽¹⁾	Most consumer loans are not individually risk-rated. For consumer loans that are not risk-rated, those that are performing consumer loans are reflected above as “Pass,” while non-performing consumer loans are reflected above as “Substandard.”


⁽²⁾	Non-performing loans include loans on non-accrual status and loans more than 90 days delinquent, but still accruing interest.

The following tables provide additional detail on the age analysis of Banner’s past due loans as of December 31, 2012 and 2011 (in thousands):



	December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans		Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied	$	1,693	$	—	$	1,371	$	3,064	$	486,517	$	489,581	$	—
Investment properties	743		—		1,431		2,174		581,467		583,641		—
Multifamily real estate	—		—		—		—		137,504		137,504		—
Commercial construction	—		—		—		—		30,229		30,229		—
Multifamily construction	—		—		—		—		22,581		22,581		—
One- to four-family construction	611		—		—		611		160,204		160,815		—
Land and land development:
Residential	—		—		2,047		2,047		74,963		77,010		—
Commercial	2,083		—		45		2,128		11,854		13,982		—
Commercial business	1,849		49		842		2,740		615,309		618,049		—
Agricultural business, including secured by farmland	—		—		—		—		230,031		230,031		—
One- to four-family residential	1,376		3,468		11,488		16,332		565,338		581,670		2,877
Consumer:
Consumer secured by one- to four-family	699		74		1,204		1,977		168,146		170,123		—
Consumer—other	816		673		839		2,328		118,170		120,498		152
Total	$	9,870	$	4,264	$	19,267	$	33,401	$	3,202,313	$	3,235,714	$	3,029



	December 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans		Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied	$	1,251	$	2,703	$	3,462	$	7,416	$	462,390	$	469,806	$	—
Investment properties	—		—		3,087		3,087		618,535		621,622		—
Multifamily real estate	—		—		—		—		139,710		139,710		—
Commercial construction	—		—		949		949		41,442		42,391		—
Multifamily construction	—		—		—		—		19,436		19,436		—
One- to four-family construction	643		—		3,819		4,462		139,715		144,177		—
Land and land development:
Residential	638		—		15,919		16,557		80,934		97,491		—
Commercial	308		—		791		1,099		14,098		15,197		—
Commercial business	2,411		4,170		5,612		12,193		589,247		601,440		4
Agricultural business, including secured by farmland	99		—		1,849		1,948		216,223		218,171		—
One- to four-family residential	794		585		15,770		17,149		625,352		642,501		2,147
Consumer:
Consumer secured by one- to four-family	1,072		109		1,374		2,555		178,494		181,049		148
Consumer—other	670		363		769		1,802		101,545		103,347		25
Total	$	7,886	$	7,930	$	53,401	$	69,217	$	3,227,121	$	3,296,338	$	2,324