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Loans (Tables)
 12 Months Ended
Dec. 31, 2012
Loans and Leases Receivable, Net Amount [Abstract]  
Summary of Loan Portfolio
A summary of the loan portfolio at December 31, 2012 and 2011 is as follows:
(Dollars in thousands)
 
December 31,
2012
 
December 31,
2011
Balance:
 
 
 
 
Commercial
 
$
2,914,798

 
$
2,498,313

Commercial real-estate
 
3,864,118

 
3,514,261

Home equity
 
788,474

 
862,345

Residential real-estate
 
367,213

 
350,289

Premium finance receivables—commercial
 
1,987,856

 
1,412,454

Premium finance receivables—life insurance
 
1,725,166

 
1,695,225

Indirect consumer
 
77,333

 
64,545

Consumer and other
 
103,985

 
123,945

Total loans, net of unearned income, excluding covered loans
 
$
11,828,943

 
$
10,521,377

Covered loans
 
560,087

 
651,368

Total loans
 
$
12,389,030

 
$
11,172,745

Mix:
 
 
 
 
Commercial
 
24
%
 
22
%
Commercial real-estate
 
31

 
31

Home equity
 
6

 
8

Residential real-estate
 
3

 
3

Premium finance receivables—commercial
 
16

 
13

Premium finance receivables—life insurance
 
14

 
15

Indirect consumer
 
1

 
1

Consumer and other
 
1

 
1

Total loans, net of unearned income, excluding covered loans
 
96
%
 
94
%
Covered loans
 
4

 
6

Total loans
 
100
%
 
100
%
Unpaid Principal Balance and Carrying Value of Acquired Loans
The following table presents the unpaid principal balance and carrying value for these acquired loans:
 
 
December 31, 2012
 
December 31, 2011
(Dollars in thousands)
 
Unpaid
Principal
Balance
 
Carrying
Value
 
Unpaid
Principal
Balance
 
Carrying
Value
Bank acquisitions
 
$
674,868

 
$
503,837

 
$
866,874

 
$
596,946

Life insurance premium finance loans acquisition
 
536,503

 
514,459

 
632,878

 
598,463
Estimated Details on Loans Acquisition
The following table provides estimated details on loans acquired in 2012 as of the date of acquisition:
(Dollars in thousands)
 
Charter National
 
First United Bank
 
Hyde Park Bank
Contractually required payments including interest
 
$
40,475

 
$
114,221

 
$
16,376

Less: Nonaccretable difference
 
11,855

 
58,754

 
5,914

Cash flows expected to be collected (1)
 
28,620

 
55,467

 
10,462

Less: Accretable yield
 
2,288

 
5,075

 
854

Fair value of loans acquired with evidence of credit quality deterioration since origination
 
$
26,332

 
$
50,392

 
$
9,608


 
(1)
Represents undiscounted expected principal and interest cash flows at acquisition.
Activity Related to Accretable Yield of Loans Acquired with Evidence of Credit Quality Deterioration Since Origination
The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination.
 
 
 
Years Ended December 31,
 
 
2012
 
2011
(Dollars in thousands)
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
 
$
173,120

 
$
18,861

 
$
39,809

 
$
33,315

Acquisitions
 
8,217

 
—

 
29,447

 
—

Accretable yield amortized to interest income
 
(52,101
)
 
(11,441
)
 
(39,171
)
 
(22,109
)
Accretable yield amortized to indemnification asset (1)
 
(66,798
)
 
—

 
(37,888
)
 
—

Reclassification from non-accretable difference (2)
 
64,603

 
4,096

 
163,403

 
5,215

Increases in interest cash flows due to payments and changes in interest rates
 
16,183

 
1,539

 
17,520

 
2,440

Accretable yield, ending balance (3)
 
$
143,224

 
$
13,055

 
$
173,120

 
$
18,861


 
(1)
Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnfication asset.
(2)
Reclassification is the result of subsequent increases in expected principal cash flows.
(3)
As of December 31, 2012, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $54.5 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.