Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Loans Receivable and Allowance for Loan Losses [Abstract]

The composition of net loans receivable

The composition of net loans receivable at September 30, 2012 and December 31, 2011 was as follows:

	2012			2011
	(Dollars in thousands)
Construction	$	28,932		$	37,926
Commercial real estate		45,724			48,789
Commercial and industrial		12,164			13,084
Residential real estate		20,278			22,465
Manufactured housing		3,867			4,012
Total loans receivable covered under FDIC Loss Sharing Agreements (1)		110,965			126,276
Construction		13,242			15,271
Commercial real estate		605,373			350,929
Commercial and industrial		76,641			69,736
Mortgage warehouse (2)		9,321			619,318
Manufactured housing		158,457			104,565
Residential real estate		107,855			53,476
Consumer		2,451			2,211
Total loans receivable not covered under FDIC Loss Sharing Agreements		973,340			1,215,506
Total loans receivable		1,084,305			1,341,782
Deferred (fees) costs, net		2,794			(389	)
Allowance for loan losses		(24,974	)		(15,032	)
Loans receivable, net	$	1,062,125		$	1,326,361

(1) Loans that were acquired in the two FDIC assisted transactions and are covered under loss sharing agreements with the FDIC are referred to as “covered” loans throughout these financial statements.

(2) During the third quarter of 2012, we elected the fair value option for warehouse lending transactions documented under a Master Repurchase Agreement originated after July 1, 2012. As a result of this election, new warehouse lending transactions were classified as “Loans held for sale” on the balance sheet. For additional information about our election of the fair value option refer to “Note 1 — DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION – The Fair Value Option” in this Form 10-Q. Certain classes of warehouse lending loans were not eligible for fair value option accounting.

Non-covered loans and covered loans, by class

Non-Covered Nonaccrual Loans and Loans Past Due

The following tables summarize non-covered loans, by class, at September 30, 2012:

	30-89 Days Past Due (1)		Greater Than 90 Days (1)		Total Past Due (1)		Non- Accrual		Current (2)		Total Loans (4)
					(Dollars in thousands)
Commercial and industrial
Acquired with credit deterioration	$	1	$	0	$	1	$	129	$	2,288	$	2,418
Remaining loans (5)		85		0		85		655		73,483		74,223
Commercial real estate
Acquired with credit deterioration		1,269		0		1,269		5,279		43,265		49,813
Remaining loans (5)		772		0		772		18,294		536,494		555,560
Construction
Acquired with credit deterioration		0		0		0		0		2,001		2,001
Remaining loans (5)		0		0		0		2,423		8,818		11,241
Residential real estate
Acquired with credit deterioration		477		0		477		947		11,215		12,639
First mortgages (5)		519		0		519		549		69,149		70,217
Home equity (5)		50		0		50		915		24,034		24,999
Consumer
Acquired with credit deterioration		11		0		11		80		459		550
Remaining loans (5)		1		0		1		56		1,844		1,901
Mortgage warehouse
Acquired with credit deterioration		0		0		0		0		0		0
Remaining loans (5)		0		0		0		0		9,321		9,321
Manufactured housing (3)
Acquired with credit deterioration		834		0		834		2,814		3,933		7,581
Remaining loans (5)		6,392		1,473		7,865		652		142,359		150,876
Total	$	10,411	$	1,473	$	11,884	$	32,793	$	928,663	$	973,340

(1) Loan balances do not include non-accrual loans.

(2) Loans where payments are due within 29 days of the scheduled payment date.

(3) Purchased manufactured housing loans, purchased in 2010, are subject to cash reserves held at the Bank that are used to fund the past-due payments when the loan becomes 90 days or more delinquent. Subsequent purchases are subject to varying provisions in the event of borrowers’ delinquencies.

(4) Loans exclude deferred costs and fees.

(5) Loans that were not identified at the acquisition date as a loan with credit deterioration.

The following tables summarize non-covered loans, by class, at December 31, 2011:

	30-89 Days Past Due (1)		Greater Than 90 Days (1)		Total Past Due(1)		Non- Accrual		Current (2)		Total Loans (4)
	(Dollars in thousands)
Commercial and industrial
Acquired with credit deterioration	$	0	$	0	$	0	$	178	$	4,946	$	5,124
Remaining loans (5)		0		0		0		2,817		61,795		64,612
Commercial real estate
Acquired with credit deterioration		89		0		89		8,527		57,542		66,158
Remaining loans (5)		1,025		0		1,025		17,581		266,165		284,771
Construction
Acquired with credit deterioration		0		0		0		0		3,393		3,393
Remaining loans (5)		0		0		0		5,630		6,248		11,878
Residential real estate
Acquired with credit deterioration		1,002		0		1,002		1,423		16,156		18,581
First mortgages (5)		314		0		314		700		14,652		15,666
Home equity (5)		183		0		183		823		18,223		19,229
Consumer
Acquired with credit deterioration		7		0		7		6		233		246
Remaining loans (5)		14		0		14		34		1,917		1,965
Mortgage warehouse		0		0		0		0		619,318		619,318
Manufactured housing (3)
Acquired with credit deterioration		1,681		0		1,681		0		7,048		8,729
Remaining loans (5)		3,481		0		3,481		0		92,355		95,836
Total	$	7,796	$	0	$	7,796	$	37,719	$	1,169,991	$	1,215,506

(1) Loan balances do not include non-accrual loans.

(2) Loans where payments are due within 29 days of the scheduled payment date.

(3) Purchased manufactured housing loans, purchased in 2010, are subject to cash reserves held at the Bank that are used to fund the past-due payments when the loan becomes 90 days or more delinquent.

(4) Loans exclude deferred costs and fees.

(5) Loans that were not identified at the acquisition date as a loan with credit deterioration.

The following tables summarize covered loans, by class, at September 30, 2012 and December 31, 2011

September 30, 2012	30-89 Days Past Due (1)		Greater Than 90 Days (1)		Total Past Due (1)		Nonaccrual		Current (3)		Total Loans
	(Dollars in thousands)
Commercial and industrial
Acquired with credit deterioration	$	0	$	0	$	0	$	745	$	2,014	$	2,759
Remaining loans (2)		0		0		0		100		9,305		9,405
Commercial real estate
Acquired with credit deterioration		0		0		0		14,737		5,527		20,264
Remaining loans (2)		0		0		0		3,998		21,462		25,460
Construction
Acquired with credit deterioration		0		0		0		15,949		0		15,949
Remaining loans (2)		0		0		0		6,506		6,477		12,983
Residential real estate
Acquired with credit deterioration		0		0		0		4,020		255		4,275
First mortgages (2)		565		0		565		0		6,864		7,429
Home equity (2)		0		0		0		1,364		7,210		8,574
Manufactured housing
Acquired with credit deterioration		0		0		0		66		0		66
Remaining loans (2)		21		0		21		161		3,619		3,801
	$	586	$	0	$	586	$	47,646	$	62,733	$	110,965

(1) Loans balances do not include nonaccrual loans.

(2) Loans that were not identified at the acquisition date as a loan with credit deterioration.

(3) Loans where payments are due within 29 days of the scheduled payment date.

December 31, 2011	30-89 Days Past Due (1)		Greater Than 90 Days (1)		Total Past Due (1)		Nonaccrual		Current (3)		Total Loans
	(Dollars in thousands)
Commercial and industrial
Acquired with credit deterioration	$	0	$	0	$	0	$	378	$	0	$	378
Remaining loans (2)		2,672		0		2,672		0		7,204		9,876
Commercial real estate
Acquired with credit deterioration		0		0		0		16,204		2,039		18,243
Remaining loans (2)		1,074		0		1,074		1,462		30,840		33,376
Construction
Acquired with credit deterioration		0		0		0		18,896		3,266		22,162
Remaining loans (2)		91		0		91		2,584		13,089		15,764
Residential real estate
Acquired with credit deterioration		0		0		0		4,002		0		4,002
First mortgages (2)		570		0		570		0		8,600		9,170
Home equity (2)		281		0		281		1,532		7,479		9,292
Manufactured housing
Acquired with credit deterioration		0		0		0		77		0		77
Remaining loans (2)		6		0		6		78		3,852		3,936
	$	4,694	$	0	$	4,694	$	45,213	$	76,369	$	126,276

(1) Loans balances do not include nonaccrual loans.

(2) Loans receivable that were not identified upon acquisition as a loan with credit deterioration.

(3) Loans where payments are due within 29 days of the scheduled payment date.

Summary of impaired loans

The following table presents a summary of impaired loans:

	September 30, 2012				For the Nine Months Ended September 30, 2012
	Unpaid Principal Balance (1)		Related Allowance		Average Recorded Investment		Interest Income Recognized
			(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	3,987			$	5,191	$	160
Commercial real estate		27,835				22,205		748
Construction		7,147				7,627		19
Consumer		217				105		3
Residential real estate		3,136				2,382		55
With an allowance recorded:
Commercial and industrial		571	$	349		748		9
Commercial real estate		9,416		2,787		9,071		205
Construction		6,022		2,450		6,903		154
Consumer		55		3		29		4
Residential real estate		1,404		250		967		13
Total	$	59,790	$	5,839	$	55,228	$	1,370

(1) Also represents the recorded investment.

	December 31, 2011				For the Nine Months Ended September 30, 2011
	Unpaid Principal Balance (1)		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	6,975			$	1,893	$	95
Commercial real estate		20,431				15,096		525
Construction		8,773				3,420		92
Consumer		0				0		2
Residential real estate		343				618		35
With an allowance recorded:
Commercial and industrial		800	$	426		3,320		124
Commercial real estate		12,195		2,047		10,880		473
Construction		7,369		2,986		3,420		46
Consumer		22		22		22		0
Residential real estate		869		195		618		232
Total	$	57,777	$	5,676	$	39,287	$	1,624

(1) Also represents the recorded investment.

Analysis of loans modified in a troubled debt restructuring by type of concession

The following is an analysis of loans modified in a troubled debt restructuring by type of concession for the three and nine months ended September 30, 2012 and 2011. There were no modifications that involved forgiveness of debt.

	TDRs in compliance with their modified terms and accruing interest		TDRs that are not accruing interest		Total
	(Dollars in thousands)
Three months ended September 30, 2012
Extended under forbearance	$	0	$	593	$	593
Multiple extensions resulting from financial difficulty		0		0		0
Interest-rate reductions		0		219		219
Total	$	0	$	812	$	812
Nine months ended September 30, 2012
Extended under forbearance	$	0	$	711	$	711
Multiple extensions resulting from financial difficulty		103		0		103
Interest-rate reductions		69		493		562
Total	$	172	$	1,204	$	1,376
Three months ended September 30, 2011
Extended under forbearance	$	0	$	1,423	$	1,423
Multiple extensions resulting from financial difficulty		72		0		72
Interest-rate reductions		901		0		901
Total	$	973	$	1,423	$	2,396
Nine months ended September 30, 2011
Extended under forbearance	$	3,093	$	5,394	$	8,487
Multiple extensions resulting from financial difficulty		74		0		74
Interest-rate reductions		1,009		132		1,141
Total	$	4,176	$	5,526	$	9,702

Summary of loans and leases modified in troubled debt restructurings, and the recorded investments and unpaid principal balances

The following table provides, by class, the number of loans modified in troubled debt restructurings and the recorded investments and unpaid principal balances during the three and nine months ended September 30, 2012 and 2011.

	TDRs in compliance with their modified terms and accruing interest				TDRs that are not accruing interest
	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
			(Dollars in thousands)
Three months ended September 30, 2012
Commercial and industrial		0	$	0		0	$	0
Commercial real estate		0		0		0		0
Construction		0		0		0		0
Manufactured housing		0		0		2		173
Residential real estate		0		0		3		188
Consumer		0		0		2		451
Total		0	$	0		7	$	812
Nine months ended September 30, 2012
Commercial and industrial		0	$	0		0	$	0
Commercial real estate		0		0		0		0
Construction		0		0		0		0
Manufactured housing		3		172		8		447
Residential real estate		0		0		4		306
Consumer		0		0		2		451
Total		3	$	172		14	$	1,204
Three months ended September 30, 2011
Commercial and industrial		0	$	0		0	$	0
Commercial real estate		0		0		4		1,423
Construction		0		0		0		0
Manufactured housing		12		973		0		0
Residential real estate		0		0		0		0
Consumer		0		0		0		0
Total		12	$	973		4	$	1,423
Nine months ended September 30, 2011
Commercial and industrial		1	$	108		0	$	0
Commercial real estate		3		2,543		18		4,904
Construction		1		550		0		0
Manufactured housing		12		973		0		0
Residential real estate		0		0		1		622
Consumer		1		2		0		0
Total		18	$	4,176		19	$	5,526

Credit quality tables for the non-covered loan portfolio

The following presents the credit quality tables as of September 30, 2012 and December 31, 2011 for the non-covered loan portfolio.

	September 30, 2012
	Commercial and Industrial		Commercial Real Estate		Construction		Residential Real Estate
	(Dollars in thousands)
Pass/Satisfactory	$	72,052	$	561,061	$	10,515	$	104,307
Special Mention		3,752		20,064		231		1,229
Substandard		837		23,487		2,044		2,319
Doubtful		0		761		452		0
Total	$	76,641	$	605,373	$	13,242	$	107,855

	Consumer		Mortgage Warehouse		Manufactured Housing
	(Dollars in thousands)
Performing	$	2,398	$	9,321	$	158,457
Nonperforming (1)		53		0		0
Total	$	2,451	$	9,321	$	158,457

(1) Includes loans that are on nonaccrual status or past due ninety days or more at September 30, 2012.

	December 31, 2011
	Commercial and Industrial		Commercial Real Estate		Construction		Residential Real Estate
	(Dollars in thousands)
Pass/Satisfactory	$	61,851	$	307,734	$	9,314	$	50,517
Special Mention		57		13,402		237		0
Substandard		7,506		28,131		4,349		2,959
Doubtful		322		1,662		1,371		0
Total	$	69,736	$	350,929	$	15,271	$	53,476

	Consumer		Mortgage Warehouse		Manufactured Housing
	(Dollars in thousands)
Performing	$	2,171	$	619,318	$	104,565
Nonperforming (1)		40		0		0
Total	$	2,211	$	619,318	$	104,565

(1) Includes loans that are on nonaccrual status or past due ninety days or more at December 31, 2011.

Credit quality tables for the covered loan portfolio

The following presents the credit quality tables as of September 30, 2012 and December 31, 2011 for the covered loan portfolio.

	September 30, 2012
	Commercial and Industrial		Commercial Real Estate		Construction		Residential Real Estate
			(Dollars in thousands)
Pass/Satisfactory	$	9,609	$	26,755	$	2,438	$	14,336
Special Mention		1,710		235		4,039		3,202
Substandard		845		18,734		22,455		2,740
Doubtful		0		0		0		0
Total	$	12,164	$	45,724	$	28,932	$	20,278

	Manufactured Housing
	(Dollars in thousands)
Performing	$	3,701
Nonperforming (1)		166
Total	$	3,867

(1) Includes loans that are on nonaccrual status or past due ninety days or more at September 30, 2012.

	December 31, 2011
	Commercial and Industrial		Commercial Real Estate		Construction		Residential Real Estate
			(Dollars in thousands)
Pass/Satisfactory	$	10,928	$	29,892	$	5,539	$	16,476
Special Mention		1,778		1,633		7,641		455
Substandard		378		17,264		24,746		5,534
Doubtful		0		0		0		0
Total	$	13,084	$	48,789	$	37,926	$	22,465

	Manufactured Housing
	(Dollars in thousands)
Performing	$	3,857
Nonperforming (1)		155
Total	$	4,012

(1) Includes loans that are on nonaccrual status or past due ninety days or more at December 31, 2011.

Loans and allowance for loan and lease losses

Allowance for loan losses

The changes in the allowance for loan losses for the three and nine months ended September 30, 2012 by loan segment based on impairment method:

Three Months Ended September 30, 2012	Commercial and Industrial			Commercial Real Estate			Construction			Residential Real Estate
				(Dollars in thousands)
Beginning Balance, July 1, 2012	$	1,503		$	8,266		$	4,352		$	1,080
Charge-offs		(266	)		(283	)		(475	)		(365	)
Recoveries		98			33			3			0
Provision for loan losses		387			5,923			1,139			2,262
Ending Balance, September 30, 2012	$	1,722		$	13,939		$	5,019		$	2,977

Three Months Ended September 30, 2012 (continued)	Manufactured Housing		Consumer			Mortgage Warehouse			Unallocated		Total
			(Dollars in thousands)
Beginning Balance, July 1, 2012	$	40	$	75		$	802		$	0	$	16,118
Charge-offs		0		(27	)		0			0		(1,416	)
Recoveries		0		22			0			0		156
Provision for loan losses		858		279			(732	)		0		10,116
Ending Balance, September 30, 2012	$	898	$	349		$	70		$	0	$	24,974

Nine Months Ended September 30, 2012	Commercial and Industrial			Commercial Real Estate			Construction			Residential Real Estate
				(Dollars in thousands)
Beginning Balance, January 1, 2012	$	1,441		$	7,030		$	4,656		$	843
Charge-offs		(300	)		(1,426	)		(2,666	)		(565	)
Recoveries		164			83			3			5
Provision for loan losses		417			8,253			3,026			2,693
Ending Balance, September 30, 2012	$	1,722		$	13,940		$	5,019		$	2,976

Nine Months Ended September 30, 2012 (continued)	Manufactured Housing		Consumer			Mortgage Warehouse			Unallocated			Total
			(Dollars in thousands)
Beginning Balance, January 1, 2012	$	18	$	61		$	929		$	54		$	15,032
Charge-offs		0		(37	)		0			0			(4,994	)
Recoveries		0		27			0			0			282
Provision for loan losses		880		298			(859	)		(54	)		14,654
Ending Balance, September 30, 2012	$	898	$	349		$	70		$	0		$	24,974

The changes in the allowance for loan losses for the three and nine months ended September 30, 2011 by loan segment based on impairment method:

Three Months Ended September 30, 2011	Commercial and Industrial			Commercial Real Estate			Construction		Residential Real  Estate
	(Dollars in thousands)
Beginning Balance, July 1, 2011	$	1,945		$	7,177		$	2,479	$	1,607
Charge-offs		(717	)		(182	)		0		(4	)
Recoveries		9			72			0		0
Provision for loan losses		359			(264	)		1,191		(436	)
Ending Balance, September 30, 2011	$	1,596		$	6,803		$	3,670	$	1,167

Three Months Ended September 30, 2011 (continued)	Manufactured Housing			Consumer			Mortgage Warehouse		Unallocated		Total
	(Dollars in thousands)
Beginning Balance, July 1, 2011	$	39		$	20		$	589	$	90	$	13,946
Charge-offs		0			(1	)		0		0		(904	)
Recoveries		0			2			0		0		83
Provision for loan losses		(39	)		35			36		18		900
Ending Balance, September 30, 2011	$	0		$	56		$	625	$	108	$	14,025

Nine Months Ended September 30, 2011	Commercial and Industrial			Commercial Real Estate			Construction			Residential Real  Estate
	(Dollars in thousands)
Beginning Balance, January 1, 2011	$	1,662		$	9,152		$	2,127		$	1,116
Charge-offs		(2,178	)		(4,389	)		(1,069	)		(109	)
Recoveries		15			78			2			0
Provision for loan losses		2,097			1,962			2,610			160
Ending Balance, September 30, 2011	$	1,596		$	6,803		$	3,670		$	1,167

Nine Months Ended September 30, 2011 (continued)	Manufactured Housing		Consumer			Mortgage Warehouse		Unallocated			Total
	(Dollars in thousands)
Beginning Balance, January 1, 2011	$	0	$	11		$	465	$	596		$	15,129
Charge-offs		0		(7	)		0		0			(7,752	)
Recoveries		0		3			0		0			98
Provision for loan losses		0		49			160		(488	)		6,550
Ending Balance, September 30, 2011	$	0	$	56		$	625	$	108		$	14,025

Allowance for Loan Losses by Loan Segment Based on the Impairment Method

The following tables summarize the loans and allowance for loan losses by loan segment based on the impairment method at September 30, 2012:

September 30, 2012	Commercial and Industrial		Commercial Real Estate		Construction		Residential Real  Estate
	(Dollars in thousands)
Loans:
Individually evaluated for impairment	$	4,558	$	37,250	$	13,169	$	4,540
Collectively evaluated for impairment		79,448		543,772		11,056		100,751
Loans acquired with credit deterioration		5,774		70,915		18,904		15,819
Total	$	89,780	$	651,937	$	43,129	$	121,110
Allowance for loan losses:
Individually evaluated for impairment	$	349	$	2,787	$	2,450	$	250
Collectively evaluated for impairment		877		5,379		262		878
Loans acquired with credit deterioration		496		5,773		2,307		1,849
Total	$	1,722	$	13,939	$	5,019	$	2,977
September 30, 2012 (continued)	Manufactured Housing		Consumer		Mortgage Warehouse		Total
	(Dollars in thousands)
Loans:
Individually evaluated for impairment	$	0	$	273	$	0	$	59,790
Collectively evaluated for impairment		150,876		11,356		9,321		906,580
Loans acquired with credit deterioration		13,113		2,125		0		126,650
Market discounts/premiums/valuation adjustments		0		0		0		(5,921	)
Total	$	163,989	$	13,754	$	9,321	$	1,087,099
Allowance for loan losses:
Individually evaluated for impairment	$	0	$	3	$	0	$	5,839
Collectively evaluated for impairment		757		93		70		8,316
Loans acquired with credit deterioration		141		253		0		10,819
Total	$	898	$	349	$	70	$	24,974

The following table summarizes the loans and allowance for loan losses by loan segment based on the impairment method at December 31, 2011:

December 31, 2011	Commercial and Industrial		Commercial Real Estate		Construction		Residential  Real Estate
			(Dollars in thousands)
Loans:
Individually evaluated for impairment	$	7,775	$	32,626	$	16,142	$	1,212
Collectively evaluated for impairment		59,745		287,839		11,863		52,856
Loans acquired with credit deterioration		15,017		86,536		30,590		23,352
Total	$	82,537	$	407,001	$	58,595	$	77,420
Allowance for loan losses:
Individually evaluated for impairment	$	426	$	2,047	$	2,986	$	195
Collectively evaluated for impairment		911		4,063		209		554
Loans acquired with credit deterioration		104		920		1,461		94
Total	$	1,441	$	7,030	$	4,656	$	843

December 31, 2011 (continued)	Manufactured Housing		Consumer		Mortgage Warehouse		Unallocated			Total
	(Dollars in thousands)
Loans:
Individually evaluated for impairment	$	0	$	22	$	0	$	0		$	57,777
Collectively evaluated for impairment		102,876		6,213		619,318		0			1,140,710
Loans acquired with credit deterioration		10,592		333		0		0			166,420
Market discounts/premiums/valuation adjustments								(23,514	)		(23,514	)
Total	$	113,468	$	6,568	$	619,318	$	(23,514	)	$	1,341,393
Allowance for loan losses:
Individually evaluated for impairment	$	0	$	22	$	0	$	0		$	5,676
Collectively evaluated for impairment		1		39		929		54			6,760
Loans acquired with credit deterioration		17		0		0		0			2,596
Total	$	18	$	61	$	929	$	54		$	15,032

Accretable yield for prior loan acquisitions

The changes in the accretable yield for prior loan acquisitions for the three and nine months ended September 30, 2012 and 2011 were as follows:

For the Three Months Ended September 30,	2012			2011
	(Dollars in thousands)
Balance, beginning of period	$	43,230		$	5,717
Additions resulting from acquisition		0			644
Accretion to interest income		(7,384	)		(515	)
Reclassification from nonaccretable difference and disposals, net		(147	)		0
Balance, end of period	$	35,699		$	5,846
For the Nine Months Ended September 30,	2012			2011
	(Dollars in thousands)
Balance, beginning of period	$	45,358		$	7,176
Additions resulting from acquisition		0			644
Accretion to interest income		(9,443	)		(1,545	)
Reclassification from nonaccretable difference and disposals, net		(216	)		(429	)
Balance, end of period	$	35,699		$	5,846

Activity related to the FDIC loss sharing receivable

The following table summarizes the activity related to the FDIC loss sharing receivable for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30,	2012			2011
	(Dollars in thousands)
Balance, beginning of period	$	12,376		$	12,634
Change in FDIC loss sharing receivable		3,796			0
Reimbursement from the FDIC		(3,866	)		(774	)
Balance, end of period	$	12,306		$	11,860
Nine Months Ended September 30,	2012			2011
	(Dollars in thousands)
Balance, beginning of period	$	13,077		$	16,702
Change in FDIC loss sharing receivable		4,537			1,709
Reimbursement from the FDIC		(5,308	)		(6,551	)
Balance, end of period	$	12,306		$	11,860