BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Carrying Amount and Estimated Fair Value of Financial Instruments

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at March 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,930,095	$	—	$	1,458,604	$	501,874	$	1,960,478
Financial liabilities:
Deposits		2,489,973		—		2,491,282		—		2,491,282

			Fair Value Measurements at December 31, 2012 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,934,754	$	—	$	1,406,366	$	560,226	$	1,966,592
Financial liabilities:
Deposits		2,624,663		—		2,624,883		—		2,624,883

			Fair Value Measurements at March 31, 2012 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,948,532	$	—	$	1,258,402	$	722,983	$	1,981,385
Financial liabilities:
Deposits		2,665,360		—		2,667,731		—		2,667,731
Other borrowings		3,810		—		3,854		—		3,854

Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2013, December 31, 2012 and March 31, 2012 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	5,015	$	—	$	5,015	$	—
State, county and municipal securities		115,532		—		115,532		—
Corporate debt securities		10,297		—		8,297		2,000
Mortgage-backed securities		193,185		4,054		189,131		—
Mortgage loans held for sale		42,332		—		42,332		—
Total recurring assets at fair value	$	366,361	$	4,054	$	360,307	$	2,000
Derivative financial instruments	$	2,553	$	—	$	2,553	$	—
Total recurring liabilities at fair value	$	2,553	$	—	$	2,553	$	—

	Fair Value Measurements on a Recurring Basis As of December 31, 2012
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	6,870	$	—	$	6,870	$	—
State, county and municipal securities		114,390		4,854		109,536		—
Corporate debt securities		10,328		—		8,328		2,000
Mortgage-backed securities		215,321		23,893		191,428		—
Mortgage loans held for sale		48,786		—		48,786		—
Total recurring assets at fair value	$	395,695	$	28,747	$	364,948	$	2,000
Derivative financial instruments	$	2,978	$	—	$	2,978	$	—
Total recurring liabilities at fair value	$	2,978	$	—	$	2,978	$	—

	Fair Value Measurements on a Recurring Basis As of March 31, 2012
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	28,848	$	—	$	28,848	$	—
State, county and municipal securities		81,997		—		81,997		—
Corporate debt securities		11,385		—		9,385		2,000
Mortgage-backed securities		249,561		2,292		247,269		—
Total recurring assets at fair value	$	371,791	$	2,292	$	367,499	$	2,000
Derivative financial instruments	$	2,089	$	—	$	2,089	$	—
Total recurring liabilities at fair value	$	2,089	$	—	$	2,089	$	—

Valuation Methodologies for Instruments Measured at Fair Value on Nonrecurring Basis

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2013, December 31, 2012 and March 31, 2012 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	51,150	$	—	$	—	$	51,150
Other real estate owned		40,434		—		—		40,434
Covered loans		460,724		—		—		460,724
Covered other real estate owned		77,915		—		—		77,915
Total nonrecurring assets at fair value	$	630,223	$	—	$	—	$	630,223

	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2012
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	52,514	$	—	$	—	$	52,514
Other real estate owned		39,850		—		—		39,850
Covered loans		507,712		—		—		507,712
Covered other real estate owned		88,273		—		—		88,273
Total nonrecurring assets at fair value	$	688,349	$	—	$	—	$	688,349

	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2012
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	69,606	$	—	$	—	$	69,606
Other real estate owned		40,035		—		—		40,035
Covered loans		653,377		—		—		653,377
Covered other real estate owned		85,803		—		—		85,803
Total nonrecurring assets at fair value	$	848,821	$	—	$	—	$	848,821

Schedule of Company's Reconciliation of Level 3 assets

Below is the Company’s reconciliation of Level 3 assets as of March 31, 2013.

	Investment Securities Available for Sale		Impaired Loans Carried at Fair Value			Other Real Estate Owned			Covered Loans			Covered Other Real Estate Owned
Beginning balance January 1, 2013	$	2,000	$	52,514		$	39,850		$	507,712		$	88,273
Total gains/(losses) included in net income		—		—			(15	)		—			(3,032	)
Purchases, sales, issuances, and settlements, net		—		1,262			(2,027	)		(31,449	)		(22,865	)
Transfers in or out of Level 3		—		(2,626	)		2,626			(15,539	)		15,539
Ending balance March 31, 2013	$	2,000	$	51,150		$	40,434		$	460,724		$	77,915