Loans and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2011

Loans and Credit Quality [Abstract]

Carrying value of loans held for investment

	June 30, 2011						December 31, 2010
Class	Performing		Non-Performing		Total		Performing		Non-Performing		Total
	($ in thousands)
Asset-based	$	1,057,201	$	112,346	$	1,169,547	$	1,352,039	$	194,625	$	1,546,664
Cash flow		1,619,384		204,656		1,824,040		1,558,783		264,786		1,823,569
Healthcare asset-based		252,910		2,101		255,011		269,339		2,925		272,264
Healthcare real estate		480,176		27,328		507,504		841,774		28,866		870,640
Multi-family		722,564		1,811		724,375		328,300		11,010		339,310
Real estate		594,696		192,290		786,986		725,972		356,087		1,082,059
Small business		126,657		11,025		137,682		101,761		10,171		111,932
Total(1)	$	4,853,588	$	551,557	$	5,405,145	$	5,177,968	$	868,470	$	6,046,438

	Internal Risk Rating
Class	Pass		Special Mention		Substandard		Doubtful		Total
	($ in thousands)
As of June 30, 2011:
Asset-based	$	856,917	$	140,533	$	99,366	$	72,731	$	1,169,547
Cash flow		1,313,942		84,324		382,544		43,230		1,824,040
Healthcare asset-based		216,726		28,879		8,391		1,015		255,011
Healthcare real estate		417,998		40,362		44,978		4,166		507,504
Multi-family		714,939		4,463		3,162		1,811		724,375
Real estate		397,966		38,395		248,843		101,782		786,986
Small business		121,607		3,918		7,497		4,660		137,682
Total(1)	$	4,040,095	$	340,874	$	794,781	$	229,395	$	5,405,145
As of December 31, 2010:
Asset-based	$	1,207,990	$	39,612	$	169,986	$	129,076	$	1,546,664
Cash flow		1,110,779		216,399		350,287		146,104		1,823,569
Healthcare asset-based		245,486		9,243		15,509		2,026		272,264
Healthcare real estate		773,955		37,730		47,090		11,865		870,640
Multi-family		330,017		—		8,919		374		339,310
Real estate		396,044		98,401		470,034		117,580		1,082,059
Small business		97,444		6,278		5,514		2,696		111,932
Total(1)	$	4,161,715	$	407,663	$	1,067,339	$	409,721	$	6,046,438

Non-Accrual and Past Due Loans

	June 30, 2011		December 31, 2010
	($ in thousands)
Asset-based	$	73,820	$	142,847
Cash flow		113,996		183,606
Healthcare asset-based		2,101		2,925
Healthcare real estate		27,328		28,866
Multi-family		1,811		11,010
Real estate		110,274		265,615
Small business		5,997		4,980
Total(1)	$	335,327	$	639,849

Delinquent loans in loan portfolio

											Greater than 90
	30-89 Days		Greater than 90								Days Past Due and
	Past Due		Days Past Due		Total Past Due		Current		Total Loans		Accruing
	($ in thousands)
As of June 30, 2011:
Asset-based	$	—	$	20,424	$	20,424	$	1,142,382	$	1,162,806	$	1,982
Cash flow		751		36,304		37,055		1,786,985		1,824,040		—
Healthcare asset-based		—		—		—		255,011		255,011		—
Healthcare real estate		—		21,167		21,167		483,430		504,597		—
Multi-family		205		349		554		723,821		724,375		—
Real estate		—		91,579		91,579		692,950		784,529		37,870
Small business		2,297		4,606		6,903		125,751		132,654		—
Total(1)	$	3,253	$	174,429	$	177,682	$	5,210,330	$	5,388,012	$	39,852
As of December 31, 2010:
Asset-based	$	8,074	$	27,130	$	35,204	$	1,500,537	$	1,535,741	$	3,244
Cash flow		10,573		60,644		71,217		1,752,352		1,823,569		—
Healthcare asset-based		—		—		—		272,264		272,264		—
Healthcare real estate		—		25,887		25,887		840,527		866,414		—
Multi-family		2,324		9,293		11,617		327,692		339,309		—
Real estate		54		148,197		148,251		924,590		1,072,841		45,783
Small business		4,317		4,981		9,298		97,444		106,742		—
Total(1)	$	25,342	$	276,132	$	301,474	$	5,715,406	$	6,016,880	$	49,027

Impaired loans

	June 30, 2011							December 31, 2010
	Carrying		Legal Principal		Related			Carrying		Legal Principal		Related
	Value(1)		Balance(2)		Allowance			Value(1)		Balance(2)		Allowance
	($ in thousands)
With no related allowance recorded:
Asset-based	$	68,304	$	88,150	$	—		$	96,514	$	180,659	$	—
Cash flow		125,586		207,183		—			128,658		205,454		—
Healthcare asset-based		876		1,127		—			463		825		—
Healthcare real estate		27,328		33,826		—			18,881		19,892		—
Multi-family		1,606		2,616		—			11,010		15,402		—
Real estate		96,143		162,732		—			323,292		407,423		—
Small business		9,354		17,182		—			9,861		17,708		—
Total(1)		329,197		512,816		—			588,679		847,363		—
With allowance recorded:
Asset-based		44,041		59,899		(6,246	)		98,762		112,732		(21,684	)
Cash flow		79,070		104,847		(8,136	)		142,171		191,172		(33,069	)
Healthcare asset-based		1,226		11,913		(467	)		2,462		11,614		(675	)
Healthcare real estate		—		—		—			9,984		11,278		(2,323	)
Multi-family		205		279		(19	)		—		—		—
Real estate		22,819		45,308		(2,502	)		69,128		92,833		(21,076	)
Small business		1,670		1,826		(490	)		310		359		(141	)
Total(1)		149,031		224,072		(17,860	)		322,817		419,988		(78,968	)
Total impaired loans	$	478,228	$	736,888	$	(17,860	)	$	911,496	$	1,267,351	$	(78,968	)

Average balances and interest income recognized on impaired loans

	Three Months Ended June 30,								Six Months Ended June 30,
	2011				2010				2011				2010
	Average		Interest Income		Average		Interest Income		Average		Interest Income		Average		Interest Income
	Balance		Recognized(1)		Balance		Recognized(1)		Balance		Recognized(1)		Balance		Recognized(1)
	($ in thousands)
No allowance recorded:
Asset-based	$	69,557	$	622	$	180,428	$	1,774	$	75,611	$	1,392	$	153,946	$	3,396
Cash flow		115,414		2,501		176,717		1,325		122,127		3,721		221,047		4,012
Healthcare asset-based		1,421		101		3,930		—		1,002		101		2,327		131
Healthcare real estate		21,852		165		22,128		—		20,579		165		20,902		—
Multi-family		7,198		—		140		—		8,813		—		315		—
Real estate		188,509		1,245		202,883		2,283		246,797		2,921		141,697		2,352
Small business		10,129		—		—		—		10,014		—		—		—
Total		414,080		4,634		586,226		5,382		484,943		8,300		540,234		9,891
With allowance recorded:
Asset-based		41,694		—		54,632		—		61,933		—		52,334		—
Cash flow		126,335		831		123,235		210		137,642		1,663		98,987		545
Healthcare asset-based		811		—		5,233		—		1,429		—		5,428		—
Healthcare real estate		8,802		—		13,583		90		9,296		—		9,698		180
Multi-family		1,242		—		15,716		—		710		—		18,078		—
Real estate		31,509		—		528,715		—		45,901		—		539,390		201
Small business		511		—		—		—		425		—		—		—
Total		210,904		831		741,114		300		257,336		1,663		723,915		926
Total impaired loans	$	624,984	$	5,465	$	1,327,340	$	5,682	$	742,279	$	9,963	$	1,264,149	$	10,817

Allowance for Loan Losses

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	($ in thousands)
Balance as of beginning of period	$	283,274		$	686,193		$	329,122		$	586,696
Charge offs		(83,468	)		(125,369	)		(179,930	)		(236,631	)
Recoveries		2,563			296			15,976			302
Net charge offs		(80,905	)		(125,073	)		(163,954	)		(236,329	)
Charge offs upon transfer to held for sale		(4,754	)		(7,749	)		(12,362	)		(15,936	)
Provision for loan losses		1,523			25,262			46,332			244,202
Balance as of end of period	$	199,138		$	578,633		$	199,138		$	578,633

Allowances for loan losses and carrying value of loans held for investment

	June 30, 2011					December 31, 2010
			Allowance for Loan					Allowance for Loan
	Loans		Losses			Loans		Losses
	($ in thousands)
Individually evaluated for impairment	$	472,337	$	(17,860	)	$	904,466	$	(78,019	)
Collectively evaluated for impairment		4,993,266		(181,278	)		5,217,393		(249,912	)
Acquired loans with deteriorated credit quality		17,133		—			31,017		(1,191	)
Total	$	5,482,736	$	(199,138	)	$	6,152,876	$	(329,122	)

Carrying value of loans restructured in TDR'S

	June 30,		December 31,
	2011		2010
	($ in thousands)
Non-accrual	$	291,317	$	400,851
Accruing		163,034		154,262
Total	$	454,351	$	555,113

REO held for sale

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	($ in thousands)
Balance as of beginning of period	$	70,050		$	136,277		$	92,265		$	101,401
Acquired in business combination		—			2,014			—			2,014
Transfers from loans held for investment and other assets		8,840			23,765			13,589			78,331
Fair value adjustments		(11,080	)		(11,186	)		(13,124	)		(27,234	)
Transfers from REO held for use		—			—			—			2,850
Real estate sold		(20,798	)		(11,920	)		(45,718	)		(18,412	)
Balance as of end of period	$	47,012		$	138,950		$	47,012		$	138,950

Provisions for losses and gains and losses on sales on other foreclosed assets

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2011			2010		2011		2010
	($ in thousands)
(Recovery) provision for losses on other foreclosed assets	$	(398	)	$	23,699	$	7,405	$	38,869
(Losses) gains on sales of other foreclosed assets		(32	)		—		1,647		—