Allowance for Loan Losses Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables)

12 Months Ended

Dec. 31, 2012

Allowance for Loan and Lease Losses, Provision for Loss, Net [Abstract]

Schedule of Aging of the Company's Loan Portfolio

The tables below show the aging of the Company’s loan portfolio at December 31, 2012 and 2011:



As of December 31, 2012 (Dollars in thousands)	Nonaccrual		90+ days and still accruing		60-89 days past due		30-59 days past due		Current		Total Loans
Loan Balances:
Commercial
Commercial and industrial	$	19,409	$	—	$	5,520	$	15,410	$	1,587,864	$	1,628,203
Franchise	1,792		—		—		—		194,603		196,395
Mortgage warehouse lines of credit	—		—		—		—		215,076		215,076
Community Advantage — homeowners association	—		—		—		—		81,496		81,496
Aircraft	—		—		148		—		17,216		17,364
Asset-based lending	536		—		1,126		6,622		564,154		572,438
Municipal	—		—		—		—		91,824		91,824
Leases	—		—		—		896		89,547		90,443
Other	—		—		—		—		16,549		16,549
Purchased non-covered commercial ⁽¹⁾	—		496		432		7		4,075		5,010
Total commercial	21,737		496		7,226		22,935		2,862,404		2,914,798
Commercial real-estate:
Residential construction	3,110		—		4		41		37,246		40,401
Commercial construction	2,159		—		885		386		167,525		170,955
Land	11,299		—		632		9,014		113,252		134,197
Office	4,196		—		1,889		3,280		560,346		569,711
Industrial	2,089		—		6,042		4,512		565,294		577,937
Retail	7,792		—		1,372		998		558,734		568,896
Multi-family	2,586		—		3,949		1,040		389,116		396,691
Mixed use and other	16,742		—		6,660		13,349		1,312,503		1,349,254
Purchased non-covered commercial real-estate ⁽¹⁾	—		749		2,663		2,508		50,156		56,076
Total commercial real-estate	49,973		749		24,096		35,128		3,754,172		3,864,118
Home equity	13,423		100		1,592		5,043		768,316		788,474
Residential real estate	11,728		—		2,763		8,250		343,616		366,357
Purchased non-covered residential real estate ⁽¹⁾	—		—		200		—		656		856
Premium finance receivables
Commercial insurance loans	9,302		10,008		6,729		19,597		1,942,220		1,987,856
Life insurance loans	25		—		—		5,531		1,205,151		1,210,707
Purchased life insurance loans ⁽¹⁾	—		—		—		—		514,459		514,459
Indirect consumer	55		189		51		442		76,596		77,333
Consumer and other	1,511		32		167		433		99,010		101,153
Purchased non-covered consumer and other ⁽¹⁾	—		66		32		101		2,633		2,832
Total loans, net of unearned income, excluding covered loans	$	107,754	$	11,640	$	42,856	$	97,460	$	11,569,233	$	11,828,943
Covered loans	1,988		122,350		16,108		7,999		411,642		560,087
Total loans, net of unearned income	$	109,742	$	133,990	$	58,964	$	105,459	$	11,980,875	$	12,389,030


(1)	Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4 - Loans for further discussion of these purchased loans.



As of December 31, 2011 (Dollars in thousands)	Nonaccrual		90+ days and still accruing		60-89 days past due		30-59 days past due		Current		Total Loans
Loan Balances:
Commercial
Commercial and industrial	$	16,154	$	—	$	7,496	$	15,797	$	1,411,004	$	1,450,451
Franchise	1,792		—		—		—		140,983		142,775
Mortgage warehouse lines of credit	—		—		—		—		180,450		180,450
Community Advantage — homeowners association	—		—		—		—		77,504		77,504
Aircraft	—		—		709		170		19,518		20,397
Asset-based lending	1,072		—		749		11,026		452,890		465,737
Municipal	—		—		—		—		78,319		78,319
Leases	—		—		—		431		71,703		72,134
Other	—		—		—		—		2,125		2,125
Purchased non-covered commercial ⁽¹⁾	—		589		74		—		7,758		8,421
Total commercial	19,018		589		9,028		27,424		2,442,254		2,498,313
Commercial real-estate
Residential construction	1,993		—		4,982		1,721		57,115		65,811
Commercial construction	2,158		—		—		150		167,568		169,876
Land	31,547		—		4,100		6,772		136,112		178,531
Office	10,614		—		2,622		930		540,280		554,446
Industrial	2,002		—		508		4,863		548,429		555,802
Retail	5,366		—		5,268		8,651		517,444		536,729
Multi-family	4,736		—		3,880		347		305,594		314,557
Mixed use and other	8,092		—		7,163		20,814		1,050,585		1,086,654
Purchased non-covered commercial real-estate ⁽¹⁾	—		2,198		—		252		49,405		51,855
Total commercial real-estate	66,508		2,198		28,523		44,500		3,372,532		3,514,261
Home equity	14,164		—		1,351		3,262		843,568		862,345
Residential real estate	6,619		—		2,343		3,112		337,522		349,596
Purchased non-covered residential real estate ⁽¹⁾	—		—		—		—		693		693
Premium finance receivables
Commercial insurance loans	7,755		5,281		3,850		13,787		1,381,781		1,412,454
Life insurance loans	54		—		—		423		1,096,285		1,096,762
Purchased life insurance loans ⁽¹⁾	—		—		—		—		598,463		598,463
Indirect consumer	138		314		113		551		63,429		64,545
Consumer and other	233		—		170		1,070		122,393		123,866
Purchased non-covered consumer and other ⁽¹⁾	—		—		—		2		77		79
Total loans, net of unearned income, excluding covered loans	$	114,489	$	8,382	$	45,378	$	94,131	$	10,258,997	$	10,521,377
Covered loans	—		174,727		25,507		24,799		426,335		651,368
Total loans, net of unearned income	$	114,489	$	183,109	$	70,885	$	118,930	$	10,685,332	$	11,172,745


(1)	Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. See Note 4 - Loans for further discussion of these purchased loans.

Summary of Recorded Investment Based on Performance of Loans by Class

The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at December 31, 2012 and 2011:



	Performing				Non-performing				Total
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
(Dollars in thousands)	2012		2011		2012		2011		2012		2011
Loan Balances:
Commercial
Commercial and industrial	$	1,608,794	$	1,434,297	$	19,409	$	16,154	$	1,628,203	$	1,450,451
Franchise	194,603		140,983		1,792		1,792		196,395		142,775
Mortgage warehouse lines of credit	215,076		180,450		—		—		215,076		180,450
Community Advantage—homeowners association	81,496		77,504		—		—		81,496		77,504
Aircraft	17,364		20,397		—		—		17,364		20,397
Asset-based lending	571,902		464,665		536		1,072		572,438		465,737
Municipal	91,824		78,319		—		—		91,824		78,319
Leases	90,443		72,134		—		—		90,443		72,134
Other	16,549		2,125		—		—		16,549		2,125
Purchased non-covered commercial ⁽¹⁾	5,010		8,421		—		—		5,010		8,421
Total commercial	2,893,061		2,479,295		21,737		19,018		2,914,798		2,498,313
Commercial real-estate
Residential construction	37,291		63,818		3,110		1,993		40,401		65,811
Commercial construction	168,796		167,718		2,159		2,158		170,955		169,876
Land	122,898		146,984		11,299		31,547		134,197		178,531
Office	565,515		543,832		4,196		10,614		569,711		554,446
Industrial	575,848		553,800		2,089		2,002		577,937		555,802
Retail	561,104		531,363		7,792		5,366		568,896		536,729
Multi-family	394,105		309,821		2,586		4,736		396,691		314,557
Mixed use and other	1,332,512		1,078,562		16,742		8,092		1,349,254		1,086,654
Purchased non-covered commercial real-estate ⁽¹⁾	56,076		51,855		—		—		56,076		51,855
Total commercial real-estate	3,814,145		3,447,753		49,973		66,508		3,864,118		3,514,261
Home equity	774,951		848,181		13,523		14,164		788,474		862,345
Residential real estate	354,629		342,977		11,728		6,619		366,357		349,596
Purchased non-covered residential real estate ⁽¹⁾	856		693		—		—		856		693
Premium finance receivables
Commercial insurance loans	1,968,546		1,399,418		19,310		13,036		1,987,856		1,412,454
Life insurance loans	1,210,682		1,096,708		25		54		1,210,707		1,096,762
Purchased life insurance loans ⁽¹⁾	514,459		598,463		—		—		514,459		598,463
Indirect consumer	77,089		64,093		244		452		77,333		64,545
Consumer and other	99,610		123,633		1,543		233		101,153		123,866
Purchased non-covered consumer and other ⁽¹⁾	2,832		79		—		—		2,832		79
Total loans, net of unearned income, excluding covered loans	$	11,710,860	$	10,401,293	$	118,083	$	120,084	$	11,828,943	$	10,521,377


(1)	Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 4 - Loans for further discussion of these purchased loans.

Summary of Activity in the Allowance for Credit Losses by Loan Portfolio

A summary of the activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the years ended December 31, 2012 and 2011 is as follows:



Year Ended December 31, 2012 (Dollars in thousands)	Commercial			Commercial Real-estate			Home Equity			Residential Real-estate			Premium Finance Receivable			Indirect Consumer			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	31,237		$	56,405		$	7,712		$	5,028		$	7,214		$	645		$	2,140		$	110,381
Other adjustments	(151		)	(1,054		)	(4		)	(124		)	—			—			—			(1,333		)
Reclassification to/from allowance for unfunded lending-related commitments	45			648			—			—			—			—			—			693
Charge-offs	(22,405		)	(43,539		)	(9,361		)	(4,060		)	(3,780		)	(221		)	(1,024		)	(84,390		)
Recoveries	1,220			6,635			428			22			940			103			240			9,588
Provision for credit losses	18,848			33,040			13,959			4,694			1,722			(260		)	409			72,412
Allowance for loan losses at period end	$	28,794		$	52,135		$	12,734		$	5,560		$	6,096		$	267		$	1,765		$	107,351
Allowance for unfunded lending-related commitments at period end	$	—		$	14,647		$	—		$	—		$	—		$	—		$	—		$	14,647
Allowance for credit losses at period end	$	28,794		$	66,782		$	12,734		$	5,560		$	6,096		$	267		$	1,765		$	121,998
Individually evaluated for impairment	3,296			20,481			2,569			1,169			—			—			142			27,657
Collectively evaluated for impairment	25,471			46,233			10,165			4,388			6,096			267			1,623			94,243
Loans acquired with deteriorated credit quality	27			68			—			3			—			—			—			98
Loans at period end
Individually evaluated for impairment	$	33,608		$	139,878		$	14,590		$	14,810		$	—		$	53		$	1,606		$	204,545
Collectively evaluated for impairment	2,876,180			3,668,164			773,884			351,547			3,198,563			77,280			99,547			11,045,165
Loans acquired with deteriorated credit quality	5,010			56,076			—			856			514,459			—			2,832			579,233



Year Ended December 31, 2011 (Dollars in thousands)	Commercial			Commercial Real-estate			Home Equity			Residential Real-estate			Premium Finance Receivable			Indirect Consumer			Consumer and Other			Total, Excluding Covered Loans
Allowance for credit losses
Allowance for loan losses at beginning of period	$	31,777		$	62,618		$	6,213		$	5,107		$	6,319		$	526		$	1,343		$	113,903
Other adjustments	—			—			—			—			—			—			—			—
Reclassification to/from allowance for unfunded lending-related commitments	1,606			298			—			—			—			—			—			1,904
Charge-offs	(31,951		)	(62,698		)	(5,020		)	(4,115		)	(6,892		)	(244		)	(1,532		)	(112,452		)
Recoveries	1,258			1,386			64			10			6,018			220			150			9,106
Provision for credit losses	28,547			54,801			6,455			4,026			1,769			143			2,179			97,920
Allowance for loan losses at period end	$	31,237		$	56,405		$	7,712		$	5,028		$	7,214		$	645		$	2,140		$	110,381
Allowance for unfunded lending-related commitments at period end	$	45		$	13,186		$	—		$	—		$	—		$	—		$	—		$	13,231
Allowance for credit losses at period end	$	31,282		$	69,591		$	7,712		$	5,028		$	7,214		$	645		$	2,140		$	123,612
Individually evaluated for impairment	$	3,124		$	27,007		$	2,963		$	992		$	—		$	5		$	20		$	34,111
Collectively evaluated for impairment	$	28,158		$	42,584		$	4,749		$	4,036		$	7,214		$	640		$	2,120		$	89,501
Loans acquired with deteriorated credit quality	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Loans at period end
Individually evaluated for impairment	$	28,288		$	171,372		$	15,778		$	10,792		$	—		$	75		$	233		$	226,538
Collectively evaluated for impairment	2,461,604			3,291,034			846,567			338,804			2,509,216			64,470			123,633			9,635,328
Loans acquired with deteriorated credit quality	8,421			51,855			—			693			598,463			—			79			659,511

Summary of Activity in the Allowance for Covered Loan Losses

A summary of activity in the allowance for covered loan losses for the years ended December 31, 2012 and 2011 is as follows:



	Years Ended
	December 31,			December 31,
(Dollars in thousands)	2012			2011
Balance at beginning of period	$	12,977		$	—
Provision for covered loan losses before benefit attributable to FDIC loss share agreements	20,282			23,275
Benefit attributable to FDIC loss share agreements	(16,258		)	(18,620		)
Net provision for covered loan losses	4,024			4,655
Increase in FDIC indemnification asset	16,258			18,618
Loans charged-off	(19,921		)	(10,298		)
Recoveries of loans charged-off	116			2
Net charge-offs	(19,805		)	(10,296		)
Balance at end of period	$	13,454		$	12,977

Summary of Impaired Loans, Including Restructured Loans

A summary of impaired loans, including restructured loans, at December 31, 2012 and 2011 is as follows:



(Dollars in thousands)	2012		2011
Impaired loans (included in non-performing and restructured loans):
Impaired loans with an allowance for loan loss required ⁽¹⁾	$	89,983	$	115,779
Impaired loans with no allowance for loan loss required	114,562		110,759
Total impaired loans ⁽²⁾	$	204,545	$	226,538
Allowance for loan losses related to impaired loans	$	13,575	$	21,488
Restructured loans	$	126,473	$	130,518
Reduction of interest income from non-accrual loans	$	3,866	$	4,623
Interest income recognized on impaired loans	$	10,819	$	12,470


(1)	These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans.


(2)	Impaired loans are considered by the Company to be non-accrual loans, restructured loans or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest.

Summary of Impaired Loans Evaluated for Impairment by Loan Class

The following tables present impaired loans evaluated for impairment by loan class as of December 31, 2012 and 2011:



	As of						For the Year Ended
December 31, 2012 (Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with a related ASC 310 allowance recorded
Commercial
Commercial and industrial	$	11,010	$	12,562	$	1,982	$	13,312	$	881
Franchise	1,792		1,792		1,259		1,792		122
Mortgage warehouse lines of credit	—		—		—		—		—
Community Advantage—homeowners association	—		—		—		—		—
Aircraft	—		—		—		—		—
Asset-based lending	511		511		55		484		26
Municipal	—		—		—		—		—
Leases	—		—		—		—		—
Other	—		—		—		—		—
Commercial real-estate
Residential construction	2,007		2,007		389		2,007		98
Commercial construction	1,865		1,865		70		1,865		78
Land	12,184		12,860		1,414		12,673		483
Office	5,829		5,887		622		5,936		246
Industrial	1,150		1,200		224		1,208		75
Retail	13,240		13,314		343		13,230		584
Multi-family	3,954		3,954		348		3,972		157
Mixed use and other	22,249		23,166		2,989		23,185		1,165
Home equity	7,270		7,313		2,569		7,282		271
Residential real estate	6,420		6,931		1,169		6,424		226
Premium finance receivables
Commercial insurance	—		—		—		—		—
Life insurance	—		—		—		—		—
Purchased life insurance	—		—		—		—		—
Indirect consumer	—		—		—		—		—
Consumer and other	502		502		142		502		26
Impaired loans with no related ASC 310 allowance recorded
Commercial
Commercial and industrial	$	20,270	$	27,574	$	—	$	23,877	$	1,259
Franchise	—		—		—		—		—
Mortgage warehouse lines of credit	—		—		—		—		—
Community Advantage—homeowners association	—		—		—		—		—
Aircraft	—		—		—		—		—
Asset-based lending	25		1,362		—		252		76
Municipal	—		—		—		—		—
Leases	—		—		—		—		—
Other	—		—		—		—		—
Commercial real-estate
Residential construction	4,085		4,440		—		4,507		143
Commercial construction	12,263		13,395		—		13,635		540
Land	12,163		17,141		—		14,646		906
Office	8,939		9,521		—		9,432		437
Industrial	3,598		3,776		—		3,741		181
Retail	18,073		18,997		—		19,067		892
Multi-family	2,817		4,494		—		4,120		222
Mixed use and other	15,462		17,210		—		16,122		912
Home equity	7,320		8,758		—		8,164		376
Residential real estate	8,390		9,189		—		9,069		337
Premium finance receivables
Commercial insurance	—		—		—		—		—
Life insurance	—		—		—		—		—
Purchased life insurance	—		—		—		—		—
Indirect consumer	53		61		—		65		6
Consumer and other	1,104		1,558		—		1,507		94
Total loans, net of unearned income, excluding covered loans	$	204,545	$	231,340	$	13,575	$	222,076	$	10,819



	As of						For the Year Ended
December 31, 2011 (Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with a related ASC 310 allowance recorded
Commercial
Commercial and industrial	$	7,743	$	9,083	$	2,506	$	9,113	$	510
Franchise	1,792		1,792		394		1,792		122
Mortgage warehouse lines of credit	—		—		—		—		—
Community Advantage—homeowners association	—		—		—		—		—
Aircraft	—		—		—		—		—
Asset-based lending	785		1,452		178		1,360		81
Municipal	—		—		—		—		—
Leases	—		—		—		—		—
Other	—		—		—		—		—
Commercial real-estate
Residential construction	1,993		2,068		374		1,993		122
Commercial construction	3,779		3,779		952		3,802		187
Land	27,657		29,602		6,253		29,085		1,528
Office	11,673		13,110		2,873		13,209		709
Industrial	663		676		159		676		46
Retail	13,728		13,732		480		13,300		504
Multi-family	7,149		7,155		1,892		7,216		330
Mixed use and other	20,386		21,337		1,447		21,675		1,027
Home equity	11,828		12,600		2,963		12,318		652
Residential real estate	6,478		6,681		992		6,535		220
Premium finance receivables
Commercial insurance	—		—		—		—		—
Life insurance	—		—		—		—		—
Purchased life insurance	—		—		—		—		—
Indirect consumer	31		32		5		33		3
Consumer and other	94		95		20		99		7
Impaired loans with no related ASC 310 allowance recorded
Commercial
Commercial and industrial	$	17,680	$	20,365	$	—	$	21,841	$	1,068
Franchise	—		—		—		—		—
Mortgage warehouse lines of credit	—		—		—		—		—
Community Advantage—homeowners association	—		—		—		—		—
Aircraft	—		—		—		—		—
Asset-based lending	287		287		—		483		25
Municipal	—		—		—		—		—
Leases	—		—		—		—		—
Other	—		—		—		—		—
Commercial real-estate
Residential construction	4,284		4,338		—		4,189		175
Commercial construction	9,792		9,792		—		10,249		426
Land	15,991		23,097		—		19,139		1,348
Office	9,162		11,421		—		11,235		550
Industrial	4,569		4,780		—		4,750		198
Retail	15,841		15,845		—		15,846		815
Multi-family	2,347		3,040		—		3,026		127
Mixed use and other	22,359		25,015		—		24,370		1,297
Home equity	3,950		4,707		—		4,784		184
Residential real estate	4,314		5,153		—		4,734		191
Premium finance receivables
Commercial insurance	—		—		—		—		—
Life insurance	—		—		—		—		—
Purchased life insurance	—		—		—		—		—
Indirect consumer	44		55		—		56		6
Consumer and other	139		141		—		146		12
Total loans, net of unearned income, excluding covered loans	$	226,538	$	251,230	$	21,488	$	247,054	$	12,470

Summary of the Post-Modification Balance of Loans Restructured

The tables below present a summary of the post-modification balance of loans restructured during the years ended December 31, 2012, 2011, and 2010, which represent a troubled debt restructuring:



Year ended December 31, 2012	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt ⁽²⁾
(Dollars in thousands)	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial and industrial	18	$	14,311	11	$	3,603	11	$	13,691	7	$	10,579	3	$	2,311
Commercial real-estate
Residential construction	3	2,147		3	2,147		1	496		1	496		—	—
Commercial construction	2	622		2	622		2	622		2	622		—	—
Land	17	31,836		17	31,836		14	30,561		13	26,511		—	—
Office	—	—		—	—		—	—		—	—		—	—
Industrial	1	727		1	727		1	727		—	—		—	—
Retail	8	13,518		8	13,518		6	8,865		6	12,897		—	—
Multi-family	1	380		—	—		1	380		1	380		—	—
Mixed use and other	15	7,333		9	4,769		11	6,268		8	3,974		—	—
Residential real estate and other	10	1,638		8	1,390		6	631		3	924		1	29
Total loans	75	$	72,512	59	$	58,612	53	$	62,241	41	$	56,383	4	$	2,340

Year ended December 31, 2011	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt ⁽²⁾
(Dollars in thousands)	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial and industrial	24	$	6,956	11	$	2,273	14	$	1,933	13	$	3,780	2	$	135
Commercial real-estate
Residential construction	1	1,105		1	1,105		—	—		1	1,105		—	—
Commercial construction	8	12,140		7	11,673		3	9,402		1	467		—	—
Land	7	7,971		7	7,971		2	2,981		—	—		—	—
Office	9	8,870		6	4,780		6	4,036		3	4,292		—	—
Industrial	5	5,334		5	5,334		4	3,494		2	2,181		—	—
Retail	14	19,113		11	16,981		5	3,963		5	5,191		—	—
Multi-family	6	4,415		6	4,415		5	3,866		—	—		—	—
Mixed use and other	33	28,708		21	14,775		28	25,921		10	8,068		—	—
Residential real estate and other	16	5,916		7	2,326		13	5,262		4	1,390		—	—
Total loans	123	$	100,528	82	$	71,633	80	$	60,858	39	$	26,474	2	$	135



Year ended December 31, 2010	Total ⁽¹⁾⁽²⁾			Extension at Below Market Terms ⁽²⁾			Reduction of Interest Rate ⁽²⁾			Modification to Interest-only Payments ⁽²⁾			Forgiveness of Debt ⁽²⁾
(Dollars in thousands)	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial and industrial	36	$	14,916	31	$	12,468	10	$	4,795	15	$	5,151	1	$	1,050
Commercial real-estate
Residential construction	8	8,503		6	6,760		3	4,863		—	—		2	1,743
Commercial construction	3	2,005		3	2,005		1	377		1	377		—	—
Land	12	18,454		11	18,359		3	5,276		6	5,471		—	—
Office	7	11,164		3	3,304		5	7,936		5	7,918		—	—
Industrial	3	3,386		3	3,386		2	3,149		2	686		—	—
Retail	11	10,746		4	3,186		7	6,811		8	8,138		—	—
Multi-family	9	8,808		7	4,191		5	5,735		6	6,164		3	2,644
Mixed use and other	20	16,649		7	4,394		15	10,948		12	11,994		1	250
Residential real estate and other	4	3,269		2	2,591		3	1,569		2	1,334		—	—
Total loans	113	$	97,900	77	$	60,644	54	$	51,459	57	$	47,233	7	$	5,687


(1)	Restructured loans may have more than one modification at the time of the restructuring. As such, restructured loans during the period may be represented in more than one of the categories noted above.


(2)	Balances represent the recorded investment in the loan at the time of the restructuring.

Summary of Loans Restructured and Subsequently Defaulted Under the Restructured Terms

The tables below present a summary of loans restructured during the years ended December 31, 2012, 2011, and 2010, and subsequently defaulted under the restructured terms during the relevant period:



	Year Ended December 31, 2012						Year Ended December 31, 2011						Year Ended December 31, 2010
	Total ⁽¹⁾⁽³⁾			Payments in Default⁽²⁾⁽³⁾			Total ⁽¹⁾⁽³⁾			Payments in Default⁽²⁾⁽³⁾			Total ⁽¹⁾⁽³⁾			Payments in Default⁽²⁾⁽³⁾
(Dollars in thousands)	Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance		Count	Balance
Commercial
Commercial and industrial	18	$	14,311	4	$	9,925	24	$	6,956	6	$	1,742	36	$	14,916	11	$	4,137
Commercial real-estate
Residential construction	3	2,147		—	—		1	1,105		—	—		8	8,503		4	6,095
Commercial construction	2	622		2	622		8	12,140		1	467		3	2,005		1	981
Land	17	31,836		2	3,786		7	7,971		2	1,667		12	18,454		2	6,533
Office	—	—		—	—		9	8,870		2	2,239		7	11,164		1	2,672
Industrial	1	727		—	—		5	5,334		2	3,224		3	3,386		—	—
Retail	8	13,518		1	3,607		14	19,113		2	2,694		11	10,746		2	2,848
Multi-family	1	380		—	—		6	4,415		—	—		9	8,808		7	7,395
Mixed use and other	15	7,333		4	1,445		33	28,708		6	5,283		20	16,649		5	3,747
Residential real estate and other	10	1,638		5	1,168		16	5,916		4	908		4	3,269		2	1,936
Total loans	75	$	72,512	18	$	20,553	123	$	100,528	25	$	18,224	113	$	97,900	35	$	36,344


(1)	Total restructured loans represent all loans restructured during the previous twelve months from the date indicated.


(2)	Restructured loans considered to be in payment default are over 30 days past-due subsequent to the restructuring.


(3)	Balances represent the recorded investment in the loan at the time of the restructuring.