LOANS AND LEASES AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable

The following table presents the balances in the Company’s loans and leases portfolio as of the dates indicated:

	Non-Traditional Mortgages (NTM)			Traditional Loans			Total NTM and Traditional Loans			Purchased Credit Impaired			Total Loans and Leases Receivable
	(In thousands)
March 31, 2014:
Commercial:
Commercial and industrial	$	—		$	297,646		$	297,646		$	1,538		$	299,184
Real estate mortgage		—			545,968			545,968			14,613			560,581
Multi-family		—			155,382			155,382			—			155,382
SBA		—			23,064			23,064			3,477			26,541
Construction		—			25,144			25,144			—			25,144
Lease financing		—			48,537			48,537			—			48,537
Consumer:
Real estate 1-4 family first mortgage		120,668			602,448			723,116			292,039			1,015,155
Green Loans (HELOC) - First Liens		143,708						143,708						143,708
Green Loans (HELOC) - Second Liens		4,921						4,921						4,921
Other HELOC's, home equity loans, and other consumer installment credit		113			115,973			116,086			1,756			117,842
Total Gross Loans	$	269,410		$	1,814,162		$	2,083,572		$	313,423		$	2,396,995
Percentage to total gross loans		11.2	%		75.7	%		86.9	%		13.1	%		100.0	%
Allowance for loan losses														(20,003	)
Loans and leases receivable, net													$	2,376,992
December 31, 2013:
Commercial:
Commercial and industrial	$	—		$	283,743		$	283,743		$	4,028		$	287,771
Real estate mortgage		—			514,869			514,869			15,014			529,883
Multi-family		—			141,580			141,580			—			141,580
SBA		—			23,740			23,740			3,688			27,428
Construction		—			24,933			24,933			—			24,933
Lease financing		—			31,949			31,949			—			31,949
Consumer:
Real estate 1-4 family first mortgage		156,490			667,526			824,016			314,820			1,138,836
Green Loans (HELOC) - First Liens		147,705			—			147,705			—			147,705
Green Loans (HELOC) - Second Liens		5,289			—			5,289			—			5,289
Other HELOC's, home equity loans, and other consumer installment credit		113			108,888			109,001			1,736			110,737
Total Gross Loans	$	309,597		$	1,797,228		$	2,106,825		$	339,286		$	2,446,111
Percentage to total gross loans		12.7	%		73.4	%		86.1	%		13.9	%		100.0	%
Allowance for loan losses														(18,805	)
Loans and leases receivable, net													$	2,427,306

Non Traditional Mortgages Portfolio

	March 31, 2014								December 31, 2013
	Count		Amount			Percent			Count		Amount			Percent
	($ in thousands)
Green Loans (HELOC) - first liens		167	$	143,708			53.3	%		173	$	147,705			47.6	%
Interest-only - first liens		221		105,446			39.1	%		244		139,867			45.2	%
Negative amortization		35		15,222			5.7	%		37		16,623			5.4	%
Total NTM - first liens		423		264,376			98.1	%		454		304,195			98.2	%
Green Loans (HELOC) - second liens		20	$	4,921			1.8	%		23	$	5,289			1.7	%
Interest-only - second liens		1		113			0.1	%		1		113			0.1	%
Total NTM - second liens		21		5,034			1.9	%		24		5,402			1.8	%
Total NTM loans		444	$	269,410			100.0	%		478	$	309,597			100.0	%
Total gross loan portfolio			$	2,396,995							$	2,446,111
% of NTM to total gross loan portfolio				11.2	%							12.7	%

Non Traditional Mortgage Performance by Credit Score

The following table presents the Company’s non-traditional one-to-four family residential mortgage Green Loans first lien portfolio at March 31, 2014 and December 31, 2013 by FICO scores:

	March 31, 2014							December 31, 2013							Changes
	Count		Amount		Percent			Count		Amount		Percent			Count			Amount			Percent
	($ in thousands)
FICO Score
800+		7	$	1,178		0.8	%		7	$	1,382		0.9	%		—		$	(204	)		-0.1	%
700-799		91		71,894		50.0	%		94		74,876		50.8	%		(3	)		(2,982	)		-0.8	%
600-699		43		41,985		29.2	%		44		42,739		28.9	%		(1	)		(754	)		0.3	%
<600		13		11,907		8.3	%		14		11,965		8.1	%		(1	)		(58	)		0.2	%
No FICO		13		16,744		11.7	%		14		16,743		11.3	%		(1	)		1			0.4	%
Totals		167	$	143,708		100.0	%		173	$	147,705		100.0	%		(6	)	$	(3,997	)		0.0	%

Non Traditional Mortgage Performance Loan to Value Ratio

The table below represents the Company’s one-to-four SFR non-traditional mortgage first lien portfolio by LTV as of the dates indicated:

	Green							Interest-Only							Negative Amortization							Total
	Count		Amount		Percent			Count		Amount		Percent			Count		Amount		Percent			Count		Amount		Percent
	($ in thousands)
March 31, 2014:
LTV’s (1)
< 61		81	$	82,430		57.4	%		75	$	43,389		41.2	%		14	$	5,670		37.2	%		170	$	131,489		49.8	%
61-80		49		37,055		25.8	%		39		18,777		17.8	%		14		7,181		47.2	%		102		63,013		23.8	%
81-100		25		14,108		9.8	%		41		20,911		19.8	%		6		1,967		12.9	%		72		36,986		14.0	%
> 100		12		10,115		7.0	%		66		22,369		21.2	%		1		404		2.7	%		79		32,888		12.4	%
Totals		167	$	143,708		100.0	%		221	$	105,446		100.0	%		35	$	15,222		100.0	%		423	$	264,376		100.0	%
December 31, 2013:
LTV’s (1)
< 61		90	$	78,807		53.3	%		80	$	65,181		46.6	%		13	$	4,930		29.7	%		183	$	148,918		49.0	%
61-80		38		33,604		22.8	%		51		28,999		20.7	%		13		7,643		45.9	%		102		70,246		23.1	%
81-100		26		14,917		10.1	%		43		21,474		15.4	%		8		3,277		19.7	%		77		39,668		13.0	%
> 100		19		20,377		13.8	%		70		24,213		17.3	%		3		773		4.7	%		92		45,363		14.9	%
		173	$	147,705		100.0	%		244	$	139,867		100.0	%		37	$	16,623		100.0	%		454	$	304,195		100.0	%

(1) LTV represents estimated current loan to value ratio, determined by dividing current unpaid principal balance by latest estimated property value received per the Company’s policy

Allowance for Loan and Lease Losses

The following table presents a summary of activity in the allowance for loan and lease losses and ending balances of loans evaluated for impairment for the periods indicated:

	Three months ended
	March 31,
	2014			2013
	(In thousands)
Balance at beginning of year	$	18,805		$	14,448
Loans and leases charged off		(203	)		(906	)
Recoveries of loans and leases previously charged off		435			305
Transfer of loans to held-for-sale		(963	)		—
Provision for loan and lease losses		1,929			2,168
Balance at end of year	$	20,003		$	16,015

Allowance for Loan and Lease Losses and Recorded Investment in Loans

The following table presents the activity and balance in the allowance for loan and lease losses and the recorded investment in loans and leases by portfolio segment and is based on the impairment method as of or for the periods ended dates indicated:

																				HELOC’s,
																				Home Equity
																	Real Estate			Loans, and
	Commercial		Commercial														1-4 family			Other
	and		Real Estate			Multi-								Lease			First			Consumer
	Industrial		Mortgage			Family			SBA			Construction		Financing			Mortgage			Credit			Unallocated			TOTAL
	(In thousands)
March 31, 2014:
Allowance for loan and lease losses:
Balance as of December 31, 2012	$	1,822	$	5,484		$	2,566		$	235		$	244	$	428		$	7,044		$	532		$	450		$	18,805
Charge-offs		—		—			—			(17	)		—		—			(151	)		(35	)		—			(203	)
Recoveries		26		316			—			92			—		—			—			1			—			435
Transfer of loans to held-for-sale		—		—			—			—			—		—			(963	)		—			—			(963	)
Provision		519		649			154			(99	)		108		194			217			284			(97	)		1,929
Balance as of December 31, 2013	$	2,367	$	6,449		$	2,720		$	211		$	352	$	622		$	6,147		$	782		$	353		$	20,003
Individually evaluated for impairment	$	—	$	—		$	37		$	—		$	—	$	—		$	25		$	—		$	—		$	62
Collectively evaluated for impairment		2,367		6,449			2,683			211			352		622			5,926			782			353			19,745
Acquired with deteriorated credit quality		—		—			—			—			—		—			196			—			—			196
Total ending allowance balance	$	2,367	$	6,449		$	2,720		$	211		$	352	$	622		$	6,147		$	782		$	353		$	20,003
Loans:
Individually evaluated for impairment	$	—	$	3,218		$	1,674		$	—		$	—	$	—		$	10,160		$	212		$	—		$	15,264
Collectively evaluated for impairment		297,646		542,750			153,708			23,064			25,144		48,537			856,664			120,795			—			2,068,308
Acquired with deteriorated credit quality		1,538		14,613			—			3,477			—		—			292,039			1,756			—			313,423
Total ending loan balances	$	299,184	$	560,581		$	155,382		$	26,541		$	25,144	$	48,537		$	1,158,863		$	122,763		$	—		$	2,396,995
March 31, 2013:
Allowance for loan and lease losses:
Balance as of December 31, 2012	$	263	$	3,178		$	1,478		$	118		$	21	$	261		$	8,855		$	274		$	—		$	14,448
Charge-offs		—		(105	)		(384	)		(125	)		—		(23	)		(262	)		(7	)		—			(906	)
Recoveries		—		—			88			125			—		2			90			—			—			305
Provision		218		625			362			15			273		23			529			(70	)		193			2,168
Balance as of March 31, 2013	$	481	$	3,698		$	1,544		$	133		$	294	$	263		$	9,212		$	197		$	193		$	16,015
Individually evaluated for impairment	$	—	$	38		$	329		$	—		$	—	$	—		$	1,095		$	—					$	1,462
Collectively evaluated for impairment		481		3,636			1,215			133			294		263			7,902			197			193			14,314
Acquired with deteriorated credit quality				24														215									239
Total ending allowance balance	$	481	$	3,698		$	1,544		$	133		$	294	$	263		$	9,212		$	197		$	193		$	16,015
Loans:
Individually evaluated for impairment	$	—	$	2,511		$	2,336		$	—		$	—	$	—		$	17,062		$	—					$	21,909
Collectively evaluated for impairment		74,564		307,338			123,329			30,329			6,831		16,418			806,197			21,901						1,386,907
Acquired with deteriorated credit quality		4,781		21,616			838			5,333			—		—			185,833			55						218,456
Total ending loan balances	$	79,345	$	331,465		$	126,503		$	35,662		$	6,831	$	16,418		$	1,009,092		$	21,956		$	—		$	1,627,272

Loans and Leases Individually Evaluated for Impairment by Class of Loans and Leases

The following table presents loans and leases individually evaluated for impairment by class of loans and leases as of the dates indicated. The recorded investment presents customer balances net of any partial charge-offs recognized on the loans and leases and net of any deferred fees and costs.

	March 31, 2014						December 31, 2013
					Allowance						Allowance
	Unpaid				for Loan		Unpaid				for Loan
	Principal		Recorded		Losses		Principal		Recorded		Losses
	Balance		Investment		Allocated		Balance		Investment		Allocated
	(In thousands)
With no related allowance recorded:
Commercial:
Commercial and industrial	$	—	$	—	$	—	$	50	$	33	$	—
Real estate mortgage		3,526		3,218		—		4,951		3,868		—
Multi-family		—		—		—		487		270		—
SBA		—		—		—		26		10		—
Consumer:
Real estate 1-4 family first mortgage		8,612		8,267		—		10,765		9,487		—
HELOC’s, home equity loans, and other consumer installment credit		213		212		—		248		247		—
With an allowance recorded:
Commercial:
Multi-family		1,782		1,674		37		1,797		1,702		60
Consumer:
Real estate 1-4 family first mortgage		2,064		1,893		26		3,378		3,327		34
HELOC’s, home equity loans, and other consumer installment credit		—		—		—		2		2		2
Total	$	16,197	$	15,264	$	63	$	21,704	$	18,946	$	96

The following table presents information on impaired loans and leases, disaggregated by class, for the periods indicated:

	Three months ended March 31,
	2014						2013
	Average		Interest		Cash Basis		Average		Interest		Cash Basis
	Recorded		Income		Interest		Recorded		Income		Interest
	Investment		Recognized		Recognized		Investment		Recognized		Recognized
	(In thousands)
Commercial:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—	$	—
Real estate mortgage		3,417		49		57		2,519		3		3
Multi-family		1,684		13		13		2,343		—		—
Consumer:
Real estate 1-4 family first mortgage		10,270		65		65		17,025		106		96
HELOC’s, home equity loans, and other consumer installment credit		213		1		1		—		—		—
Total	$	15,584	$	128	$	136	$	21,887	$	109	$	99

Nonaccrual Loans and Leases and Loans Past due 90 Days Still on Accrual

The following table presents nonaccrual loans and leases and loans past due 90 days still on accrual as of the dates indicated:

	March 31, 2014						December 31, 2013
	Traditional Loans		NTM Loans		Total		Traditional Loans		NTM Loans		Total
	(In thousands)
Loans past due 90 days or more still on accrual	$	—	$	—	$	—	$	—	$	—	$	—
Nonaccrual loans
The Company maintains specific allowance allocations for these loans of $63 in 2014 and $95 in 2013		24,965		7,475		32,440		23,950		7,698		31,648

Nonaccrual Loans and Leases

The following table presents the composition of nonaccrual loans and leases as of the dates indicated:

	March 31, 2014						December 31, 2013
	Traditional Loans		NTM Loans		Total		Traditional Loans		NTM Loans		Total
	(In thousands)
Commercial:
Commercial and industrial	$	321	$	—	$	321	$	33	$	—	$	33
Real estate mortgage		3,764		—		3,764		3,868		—		3,868
Multi-family		1,938		—		1,938		1,972		—		1,972
SBA		57		—		57		10		—		10
Lease financing		119		—		119		—		—		—
Consumer:
Real estate 1-4 family first mortgage		18,721		1,826		20,547		18,032		2,000		20,032
Green Loans (HELOC) - First Liens		—		5,437		5,437		—		5,482		5,482
Green Loans (HELOC) - Second Liens		—		212		212		—		216		216
Other HELOC’s, home equity loans, and other consumer installment credit		45		—		45		35		—		35
Total	$	24,965	$	7,475	$	32,440	$	23,950	$	7,698	$	31,648

Aging of Recorded Investment in Past Due Loans and Leases

The following tables present the aging of the recorded investment in past due loans and leases as of March 31, 2014, excluding accrued interest receivable (which is not considered to be material), by class of loans and leases:

	March 31, 2014
					Greater than						Gross Loans
	30 - 59 Days		60 - 89 Days		89 Days		Total				and Leases
	Past Due		Past Due		Past Due		Past Due		Current		Receivables
	(In thousands)
NTM loans:
Real estate 1-4 family first mortgage	$	1,932	$	1,670	$	1,826	$	5,428	$	115,240	$	120,668
Green Loans (HELOC) - First Liens		2,143		—		437		2,580		141,128		143,708
Green Loans (HELOC) - Second Liens		—		—		—		—		4,921		4,921
HELOC’s, home equity loans, and other consumer installment credit		—		113		—		113		—		113
Total NTM loans	$	4,075	$	1,783	$	2,263	$	8,121	$	261,289	$	269,410
Traditional loans:
Commercial:
Commercial and industrial	$	697	$	—	$	274	$	971	$	296,675	$	297,646
Real estate mortgage		—		—		—		—		545,968		545,968
Multi-family		1,016		142		3		1,161		154,221		155,382
SBA		15		—		47		62		23,002		23,064
Construction		—		—		—		—		25,144		25,144
Lease financing		275		69		119		463		48,074		48,537
Consumer:
Real estate 1-4 family first mortgage		14,902		6,698		13,677		35,277		567,171		602,448
HELOC’s, home equity loans, and other consumer installment credit		54		—		36		90		115,883		115,973
Total traditional loans	$	16,959	$	6,909	$	14,156	$	38,024	$	1,776,138	$	1,814,162
PCI loans:
Commercial:
Commercial and industrial	$	—	$	—	$	—	$	—	$	1,538	$	1,538
Real estate mortgage		—		—		880		880		13,733		14,613
Multi-family		—		—		—		—		—		—
SBA		274		—		43		317		3,160		3,477
Construction		—		—		—		—		—		—
Lease financing		—		—		—		—		—		—
Consumer:
Real estate 1-4 family first mortgage		15,233		4,391		11,187		30,811		261,228		292,039
HELOC’s, home equity loans, and other consumer installment credit		—		—		—		—		1,756		1,756
Total PCI loans	$	15,507	$	4,391	$	12,110	$	32,008	$	281,415	$	313,423
Total	$	36,541	$	13,083	$	28,529	$	78,153	$	2,318,842	$	2,396,995

The following tables presents the aging of the recorded investment in past due loans and leases as of December 31, 2013, excluding accrued interest receivable (which is not considered to be material), by class of loans and leases:

	December 31, 2013
					Greater than						Gross Loans
	30 - 59 Days		60 - 89 Days		89 Days		Total				and Leases
	Past Due		Past Due		Past Due		Past Due		Current		Receivables
	(In thousands)
NTM loans:
Real estate 1-4 family first mortgage	$	1,003	$	1,854	$	769	$	3,626	$	152,864	$	156,490
Green Loans (HELOC) - First Liens		653		—		437		1,090		146,615		147,705
Green Loans (HELOC) - Second Liens		—		—		—		—		5,289		5,289
HELOC’s, home equity loans, and other consumer installment credit		—		—		—		—		113		113
Total NTM loans	$	1,656	$	1,854	$	1,206	$	4,716	$	304,881	$	309,597
Traditional loans:
Commercial:
Commercial and industrial	$	52	$	235	$	—	$	287	$	283,456	$	283,743
Real estate mortgage		5,554		194		—		5,748		509,121		514,869
Multi-family		602		—		—		602		140,978		141,580
SBA		14		48		—		62		23,678		23,740
Construction		—		—		—		—		24,933		24,933
Lease financing		271		92		19		382		31,567		31,949
Consumer:
Real estate 1-4 family first mortgage		20,684		6,124		12,181		38,989		628,537		667,526
HELOC’s, home equity loans, and other consumer installment credit		209		110		35		354		108,534		108,888
Total traditional loans	$	27,386	$	6,803	$	12,235	$	46,424	$	1,750,804	$	1,797,228
PCI loans:
Commercial:
Commercial and industrial	$	—	$	—	$	—	$	—	$	4,028	$	4,028
Real estate mortgage		—		—		—		—		15,014		15,014
Multi-family		—		—		—		—		—		—
SBA		45		1		106		152		3,536		3,688
Construction		—		—		—		—		—		—
Lease financing		—		—		—		—		—		—
Consumer:
Real estate 1-4 family first mortgage		21,888		8,580		12,099		42,567		272,253		314,820
HELOC’s, home equity loans, and other consumer installment credit		—		—		—		—		1,736		1,736
Total PCI loans	$	21,933	$	8,581	$	12,205	$	42,719	$	296,567	$	339,286
Total	$	50,975	$	17,238	$	25,646	$	93,859	$	2,352,252	$	2,446,111

Troubled Debt Restructurings

	Three months ended March 31,
	2014						2013
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
NTM and Traditional loans:
Real estate 1-4 family first mortgage		0	$	—	$	—		1	$	367	$	367
Total		0	$	—	$	—		1	$	367	$	367

During the three months ended March 31, 2014 and 2013, there were no loans and leases modified as TDRs for which there was a payment default within twelve months following the modification.

Troubled debt restructured loans and leases consist of the following as of the dates indicated:

	March 31, 2014						December 31, 2013
			Traditional						Traditional
	NTM Loans		Loans		PCI Loans		NTM Loans		Loans		PCI Loans
	(In thousands)
Commercial:
Commercial and industrial	$	—	$	—	$	88	$	—	$	—	$	85
Real estate mortgage		—		181		2,847		—		194		2,868
Multi-family		—		—		—		—		—		—
SBA		—		10		689		—		10		704
Consumer:
Real estate 1-4 family first mortgage		—		3,557		—		—		3,605		—
Green Loans (HELOC) - first liens		3,463		—		—		3,468		—		—
HELOC’s, home equity loans, and other consumer installment credit		—		—		1,756		—		—		1,736
Total	$	3,463	$	3,748	$	5,380	$	3,468	$	3,809	$	5,393

Risk Categories for Loans and Leases

The following table presents the risk categories for loans and leases as of March 31, 2014:

	March 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Not-Rated		Gross Loans and Leases Receivables
	(In thousands)
NTM loans:
Real estate 1-4 family first mortgage	$	116,622	$	2,008	$	2,038	$	—	$	—	$	120,668
Green Loans (HELOC) - First Liens		126,407		10,818		6,483		—		—		143,708
Green Loans (HELOC) - Second Liens		4,709		—		212		—		—		4,921
HELOC’s, home equity loans, and other consumer installment credit		113		—		—		—		—		113
Total NTM loans	$	247,851	$	12,826	$	8,733	$	—	$	—	$	269,410
Traditional loans:
Commercial:
Commercial and industrial	$	295,194	$	—	$	2,452	$	—	$	—	$	297,646
Real estate mortgage		539,043		2,263		4,662		—		—		545,968
Multi-family		153,446		—		1,936		—		—		155,382
SBA		23,040		—		24		—		—		23,064
Construction		25,144		—		—		—		—		25,144
Lease financing		48,537		—		—		—		—		48,537
Consumer:
Real estate 1-4 family first mortgage		568,708		8,662		25,078		—		—		602,448
HELOC’s, home equity loans, and other consumer installment credit		115,831		109		33		—		—		115,973
Total traditional loans	$	1,768,943	$	11,034	$	34,185	$	—	$	—	$	1,814,162
PCI loans:
Commercial:
Commercial and industrial	$	—	$	948	$	590	$	—	$	—	$	1,538
Real estate mortgage		9,156		—		5,457		—		—		14,613
Multi-family		—		—		—		—		—		—
SBA		733		599		2,145		—		—		3,477
Construction		—		—		—		—		—		—
Lease financing		—		—		—		—		—		—
Consumer:
Real estate 1-4 family first mortgage		—		—		271		—		291,768		292,039
HELOC’s, home equity loans, and other consumer installment credit		—		—		1,756		—		—		1,756
Total PCI loans	$	9,889	$	1,547	$	10,219	$	—	$	291,768	$	313,423
Total	$	2,026,683	$	25,407	$	53,137	$	—	$	291,768	$	2,396,995

PCI loan pools are not risk rated.

The following table presents the risk categories for loans and leases as of December 31, 2013:

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Not-Rated		Gross Loans and Leases Receivables
	(In thousands)
NTM loans:
Real estate 1-4 family first mortgage	$	151,728	$	2,321	$	2,441	$	—	$	—	$	156,490
Green Loans (HELOC) - First Liens		129,679		11,470		6,556		—		—		147,705
Green Loans (HELOC) - Second Liens		5,073		—		216		—		—		5,289
HELOC’s, home equity loans, and other consumer installment credit		113		—		—		—		—		113
Total NTM loans	$	286,593	$	13,791	$	9,213	$	—	$	—	$	309,597
Traditional loans:
Commercial:
Commercial and industrial	$	280,527	$	1	$	3,215	$	—	$	—	$	283,743
Real estate mortgage		510,117		—		4,752		—		—		514,869
Multi-family		139,608		—		1,972		—		—		141,580
SBA		23,714		—		26		—		—		23,740
Construction		24,933		—		—		—		—		24,933
Lease financing		31,949		—		—		—		—		31,949
Consumer:
Real estate 1-4 family first mortgage		640,701		6,350		20,475		—		—		667,526
HELOC’s, home equity loans, and other consumer installment credit		108,745		108		33		2		—		108,888
Total traditional loans	$	1,760,294	$	6,459	$	30,473	$	2	$	—	$	1,797,228
PCI loans:
Commercial:
Commercial and industrial	$	—	$	969	$	3,059	$	—	$	—	$	4,028
Real estate mortgage		10,148		—		4,866		—		—		15,014
Multi-family		—		—		—		—		—		—
SBA		844		605		2,239		—		—		3,688
Construction		—		—		—		—		—		—
Lease financing		—		—		—		—		—		—
Consumer:
Real estate 1-4 family first mortgage		—		—		287		—		314,533		314,820
HELOC’s, home equity loans, and other consumer installment credit		—		—		1,736		—		—		1,736
Total PCI loans	$	10,992	$	1,574	$	12,187	$	—	$	314,533	$	339,286
Total	$	2,057,879	$	21,824	$	51,873	$	2	$	314,533	$	2,446,111

Carrying Amount of Purchased Credit Impaired Loans and Leases

The following table presents the outstanding balance and carrying amount of those loans and leases, which are sometimes collectively referred to as “PCI loans” as of the dates indicated:

	March 31, 2014				December 31, 2013
	Outstanding		Carrying		Outstanding		Carrying
	Balance		Amount		Balance		Amount
	(In thousands)
Commercial:
Commercial and industrial	$	2,322	$	1,538	$	5,838	$	4,028
Real estate mortgage		17,234		14,613		17,682		15,014
Multi-family		—		—		—		—
SBA		4,657		3,477		4,940		3,688
Consumer:
Real estate 1-4 family first mortgage		376,380		292,039		414,341		314,820
HELOC’s, home equity loans, and other consumer installment credit		2,133		1,756		2,134		1,736
Total	$	402,726	$	313,423	$	444,935	$	339,286

Accretable Yield, or Income Expected to be Collected

The following table presents a summary of accretable yield, or income expected to be collected for the periods indicated:

	Three months ended
	March 31,
	2014			2013
	(In thousands)
Balance at beginning of period	$	126,336		$	32,206
New loans or leases purchased		—			45,142
Accretion of income		(7,169	)		(2,668	)
Changes in expected cash flows		131			1,430
Disposals		(10,950	)		(169	)
Balance at end of period	$	108,348		$	75,941