XML 71 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loans (Tables)
9 Months Ended
Sep. 30, 2013
Loans and Leases Receivable Disclosure [Abstract]  
Summary Of Loan Portfolio
The following table shows the Company’s loan portfolio by category as of the dates shown:
 
September 30,
 
December 31,
 
September 30,
(Dollars in thousands)
2013
 
2012
 
2012
Balance:
 
 
 
 
 
Commercial
$
3,109,121

 
$
2,914,798

 
$
2,771,053

Commercial real-estate
4,146,110

 
3,864,118

 
3,699,712

Home equity
736,620

 
788,474

 
807,592

Residential real-estate
397,707

 
367,213

 
376,678

Premium finance receivables—commercial
2,150,481

 
1,987,856

 
1,982,945

Premium finance receivables—life insurance
1,869,739

 
1,725,166

 
1,665,620

Indirect consumer
57,236

 
77,333

 
77,378

Consumer and other
114,025

 
103,985

 
108,922

Total loans, net of unearned income, excluding covered loans
$
12,581,039

 
$
11,828,943

 
$
11,489,900

Covered loans
415,988

 
560,087

 
657,525

Total loans
$
12,997,027

 
$
12,389,030

 
$
12,147,425

Mix:
 
 
 
 
 
Commercial
24
%
 
24
%
 
23
%
Commercial real-estate
32

 
31

 
30

Home equity
6

 
6

 
7

Residential real-estate
3

 
3

 
3

Premium finance receivables—commercial
16

 
16

 
16

Premium finance receivables—life insurance
14

 
14

 
14

Indirect consumer
1

 
1

 
1

Consumer and other
1

 
1

 
1

Total loans, net of unearned income, excluding covered loans
97
%
 
96
%
 
95
%
Covered loans
3

 
4

 
5

Total loans
100
%
 
100
%
 
100
%
Schedule Of Unpaid Principal Balance And Carrying Value Of Acquired Loans Table [Text Block]
The following table presents the unpaid principal balance and carrying value for these acquired loans:
 
 
September 30, 2013
 
December 31, 2012
 
Unpaid
Principal
 
Carrying
 
Unpaid
Principal
 
Carrying
(Dollars in thousands)
Balance
 
Value
 
Balance
 
Value
Bank acquisitions
$
496,355

 
$
380,733

 
$
674,868

 
$
503,837

Life insurance premium finance loans acquisition
475,711

 
459,883

 
536,503

 
514,459

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]
For loans acquired with evidence of credit quality deterioration since origination as a result of acquisitions during the nine months ended September 30, 2013, the following table provides estimated details on these loans at the date of acquisition:

(Dollars in thousands)
FNBI
Contractually required payments including interest
$
32,022

Less: Nonaccretable difference
8,890

Cash flows expected to be collected (1)
23,132

Less: Accretable yield
2,055

Fair value of loans acquired with evidence of credit quality deterioration since origination
$
21,077

(1)
Represents undiscounted expected principal and interest cash flows at acquisition.
Activity Related To Accretable Yield Of Loans Acquired With Evidence Of Credit Quality Deterioratio Since Origination
Changes in expected cash flows may vary from period to period as the Company periodically updates its cash flow model assumptions for loans acquired with evidence of credit quality deterioration since origination. The factors that most significantly affect the estimates of gross cash flows expected to be collected, and accordingly the accretable yield, include changes in the benchmark interest rate indices for variable-rate products and changes in prepayment assumptions and loss estimates. The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination:
 
 
Three Months Ended
September 30, 2013
 
Three Months Ended
September 30, 2012
(Dollars in thousands)
Bank Acquisitions
 
Life Insurance
Premium Finance Loans
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
$
130,856

 
$
10,287

 
$
171,801

 
$
14,626

Acquisitions

 

 
6,052

 

Accretable yield amortized to interest income
(9,056
)
 
(1,943
)
 
(12,266
)
 
(2,309
)
Accretable yield amortized to indemnification asset (1)
(8,279
)
 

 
(16,472
)
 

Reclassification from non-accretable difference (2)
8,703

 
234

 
4,636

 
2,951

(Decreases) increases in interest cash flows due to payments and changes in interest rates
(5,194
)
 
235

 
(1,951
)
 
158

Accretable yield, ending balance (3)
$
117,030

 
$
8,813

 
$
151,800

 
$
15,426

 
 
Nine Months Ended
September 30, 2013
 
Nine Months Ended
September 30, 2012
(Dollars in thousands)
Bank Acquisitions
 
Life Insurance
Premium Finance Loans
 
Bank
Acquisitions
 
Life Insurance
Premium
Finance Loans
Accretable yield, beginning balance
$
143,224

 
$
13,055

 
$
173,120

 
$
18,861

Acquisitions
1,977

 

 
8,340

 

Accretable yield amortized to interest income
(27,980
)
 
(6,216
)
 
(40,545
)
 
(8,795
)
Accretable yield amortized to indemnification asset (1)
(28,891
)
 

 
(55,912
)
 

Reclassification from non-accretable difference (2)
44,907

 
1,241

 
53,827

 
4,096

(Decreases) increases in interest cash flows due to payments and changes in interest rates
(16,207
)
 
733

 
12,970

 
1,264

Accretable yield, ending balance (3)
$
117,030

 
$
8,813

 
$
151,800

 
$
15,426



(1)
Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset.
(2)
Reclassification is the result of subsequent increases in expected principal cash flows.
(3)
As of September 30, 2013, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $40.5 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.