Loans

3 Months Ended

Mar. 31, 2012

Receivables [Abstract]

Loans and Allowance for Loan Losses

Loans

Total noncovered and covered loans outstanding as of March 31, 2012, December 31, 2011 and March 31, 2011 were as follows:

	March 31, 2012			December 31, 2011			March 31, 2011
Commercial	$	5,220,051		$	5,107,747		$	4,565,376
Residential mortgage	428,950			413,664			399,380
Installment	1,259,930			1,263,665			1,282,170
Home equity	739,548			743,982			736,947
Credit card	140,618			146,356			141,864
Leases	74,112			73,530			60,487
Total noncovered loans (a)	7,863,209			7,748,944			7,186,224
Allowance for noncovered loan losses	(103,849		)	(107,699		)	(114,690		)
Net noncovered loans	7,759,360			7,641,245			7,071,534
Covered loans (b)	1,378,150			1,497,140			1,870,255
Allowance for covered loan losses	(41,070		)	(36,417		)	(28,405		)
Net covered loans	1,337,080			1,460,723			1,841,850
Net loans	$	9,096,440		$	9,101,968		$	8,913,384

(a) Includes acquired, noncovered loans of $99.2 million, $113.2 million, and $196.3 million as of March 31, 2012,

December 31, 2011 and March 31, 2011, respectively.

(b) Includes loss share receivable of $171.1 million, $205.7 million, and $266.0 million as of March 31, 2012, December 31, 2011 and March 31, 2011, respectively.

Originated loans are presented net of deferred loan origination fees and costs which amounted to $6.6 million, $6.0 million, and $4.0 million at March 31, 2012, December 31, 2011 and March 31, 2011, respectively. Acquired loans, including covered loans, are recorded at fair value as of the date of purchase with no allowance for loan loss. As discussed in Note 2 (Business Combinations), the Bank acquired loans with a fair value of $275.6 million on February 19, 2010 in its acquisition of the First Bank branches, and $177.8 million on February 19, 2010 and $1.8 billion on May 14, 2010 in conjunction with the FDIC-assisted acquisitions of George Washington and Midwest, respectively. The loans that were acquired in these FDIC-assisted transactions are covered by loss sharing agreements which afford the Bank significant loss protection. Loans covered under loss sharing agreements, including the amounts of expected reimbursements from the FDIC under these agreements, are reported as covered loans in the accompanying consolidated balance sheets. Changes in the loss share receivable associated with covered loans for the quarters ended March 31, 2012 and 2011 were as follows:

	Three months ended
	March 31, 2012			March 31, 2011
Balance at beginning of period	$	205,664		$	288,605
Accretion	(9,657		)	(11,630		)
Increase due to impairment	4,899			15,179
FDIC reimbursement	(27,430		)	(25,631		)
Covered loans paid in full	(2,340		)	(542		)
Balance at end of the period	$	171,136		$	265,981

Acquired Loans

The Corporation evaluates acquired loans for impairment in accordance with the provisions of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310-30”). Acquired loans are considered impaired if there is evidence of credit deterioration since origination and if it is probable that not all contractually required payments will be collected. Acquired impaired loans are not classified as nonperforming assets as the loans are considered to be performing under ASC 310-30.

All loans acquired in the First Bank acquisition were performing as of the date of acquisition. The difference between the fair value and the outstanding principal balance of the First Bank acquired loans is being accreted to interest income over the remaining term of the loans.

The Corporation has elected to account for all loans acquired in the George Washington and Midwest acquisitions under ASC 310-30 (“Acquired Impaired Loans”) except for $162.6 million of acquired loans with revolving privileges, which are outside the scope of this guidance, and which are being accounted for in accordance with ASC 310 (“Acquired Non-Impaired Loans”). The outstanding balance, including contractual principal, interest, fees and penalties, of all covered loans accounted for in accordance with ASC 310-30 was $1.5 billion, $1.6 billion and $2.0 billion as of March 31, 2012, December 31, 2011 and March 31, 2011, respectively.

Over the life of the loans acquired and considered to be impaired under ASC 310-30, the Corporation evaluates the remaining contractual required payments receivable and estimates cash flows expected to be collected, considering the impact of prepayments. The excess of an acquired impaired loan's contractually required payments over the amount of its undiscounted cash flows expected to be collected is referred to as the nonaccretable difference. The nonaccretable difference, which is neither accreted into income nor recorded on our consolidated balance sheet, reflects estimated future credit losses and uncollectible contractual interest expected to be incurred over the life of the acquired impaired loan. The excess of cash flows expected to be collected over the carrying amount of the acquired impaired loans is referred to as the accretable yield. This amount is accreted into interest income over the remaining life of the acquired impaired loans or pools using the level yield method. The accretable yield is affected by changes in interest rate indices for variable rate loans, changes in prepayment speed assumptions and changes in expected principal and interest payments over the estimated lives of the acquired impaired loans.

The contractually required payments receivable represents the total undiscounted amount of all uncollected principal and interest payments. Contractually required payments receivable may increase or decrease for a variety of reasons, for example, when the contractual terms of the loan agreement are modified, when interest rates on variable rate loans change, or when principal and/or interest payments are received.

Cash flows expected to be collected on acquired impaired loans are estimated by incorporating several key assumptions similar to the initial estimate of fair value. These key assumptions include probability of default, loss given default, and the amount of actual prepayments after the acquisition dates. Prepayments affect the estimated life of loans and could change the amount of interest income, and possibly principal, expected to be collected. In reforecasting future estimated cash flows, credit loss expectations are adjusted as necessary. These adjustments are based, in part, on actual loss severities recognized for each loan type, as well as changes in the probability of default. For periods in which estimated cash flows are not reforecasted, the prior reporting period's estimated cash flows are adjusted to reflect the actual cash received and credit events which transpired during the current reporting period.

Changes in the carrying amount and accretable yield for Acquired Impaired Loans were as follows for the quarters ended March 31, 2012 and 2011:

	Three months ended
	March 31, 2012						March 31, 2011
	Accretable Yield			Carrying Amount  of Loans			Accretable Yield			Carrying Amount  of Loans
Balance at beginning of period	$	176,736		$	1,128,978		$	227,652		$	1,512,817
Accretion	(26,442		)	26,442			(35,887		)	35,887
Net Reclassifications from non-accretable to accretable	11,813			—			21,246			—
Payments, received, net	—			(111,901		)	—			(122,946		)
Disposals	(815		)	—			(565		)	—
Balance at end of period	$	161,292		$	1,043,519		$	212,446		$	1,425,758

A reconciliation of the contractual required payments receivable to the carrying amount of Acquired Impaired Loans for the quarters ended March 31, 2012 and 2011 is as follows:

	Three months ended
	March 31, 2012			March 31, 2011
Contractual required payments receivable	$	1,515,024		$	1,954,383
Nonaccretable difference	(310,213		)	(316,179		)
Expected cash flows	1,204,811			1,638,204
Accretable yield	(161,292		)	(212,446		)
Carrying balance	$	1,043,519		$	1,425,758

Increases in expected cash flows subsequent to the acquisition are recognized prospectively through adjustment of the yield on the loans or pools over its remaining life, while decreases in expected cash flows are recognized as impairment through a provision for loan loss and an increase in the allowance for covered loan losses. The most recent quarterly evaluation of the remaining contractual required payments receivable and cash flows expected to be collected resulted in an overall improvement in the cash flow expectations as a result of positive changes in risk ratings, improvements in the underlying value of collateral dependent loans and actual cash flows received higher than expected. There were no significant changes from prior periods to key assumptions used in the most recent quarterly evaluation of cash flows expected to be collected. The overall improvement in the cash flow expectations resulted in the reclassification from nonaccretable difference to accretable yield of $11.8 million during the quarter ended March 31, 2012. These reclassifications resulted in yield adjustments on these loans and pools on a prospective basis to interest income. Improved cash flow expectations for loans or pools that were impaired during prior periods were recorded first as a reversal of previously recorded impairment and then as an increase in prospective yield when all previously recorded impairment has been recaptured. Additionally, the FDIC loss share receivable was prospectively reduced by the guaranteed portion of the additional cash flows expected to be received, with a corresponding reduction to interest income. The most recent quarterly evaluation of the remaining contractual required payments receivable and cash flows expected to be collected also resulted in the decline in the cash flow expectations of certain loans and pools during the quarter ended March 31, 2012. The decline in expected cash flows was recorded as provision expense of $10.8 million in the quarter ended March 31, 2012 with a related increase of $4.9 million in the loss share receivable for the portion of the losses recoverable under the loss share agreements with the FDIC. This decrease in cash flows resulted in a net increase to the allowance for covered loan losses of $5.9 million as of March 31, 2012. Further detail on impairment and provision expense related to acquired impaired loans can be found in the Note 5 (Allowance for Loan Losses).

Credit Quality Disclosures

The quality of the Corporation’s loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Corporation. These credit quality ratings are an important part of the Corporation’s overall credit risk management process and evaluation of the allowance for credit losses. See Note 5 (Allowance for Loan Losses) for further information.

Generally, loans, except for certain commercial, credit card and mortgage loans, and leases on which payments are past due for 90 days are placed on nonaccrual status, unless those loans are in the process of collection and, in Management’s opinion, are fully secured. Credit card loans on which payments are past due for 120 days are placed on nonaccrual status. When a loan is placed on nonaccrual status, interest deemed uncollectible which had been accrued in prior years is charged against the allowance for loan losses and interest deemed uncollectible accrued in the current year is reversed against interest income. Interest on mortgage loans is accrued until Management deems it uncollectible based upon the specific identification method. Payments subsequently received on nonaccrual loans are generally applied to principal. A loan is returned to accrual status when principal and interest are no longer past due and collectability is probable. This generally requires timely principal and interest payments for a minimum of six consecutive payment cycles. Loans are generally written off when deemed uncollectible or when they reach a predetermined number of days past due depending upon loan product, terms, and other factors.

The following tables provide a summary of loans by portfolio type, including the delinquency status of those loans that continue to accrue interest and those loans that are nonaccrual.

As of March 31, 2012
Legacy Loans													≥ 90 Days Past Due  and Accruing (a)
	Days Past Due						Total Past Due		Current		Total Loans					Nonaccrual Loans
	30-59		60-89		≥ 90
Commercial
C&I	$	9,683	$	598	$	4,464	$	14,745	$	2,858,427	$	2,873,172	$	260	$	5,450
CRE	7,066		2,270		23,439		32,775		1,951,798		1,984,573		614		32,145
Construction	279		—		5,309		5,588		280,127		285,715		—		5,451
Leases	775		—		—		775		73,337		74,112		—		—
Consumer
Installment	7,979		2,226		4,380		14,585		1,243,165		1,257,750		4,141		434
Home Equity Lines	2,229		469		1,126		3,824		717,013		720,837		556		1,113
Credit Cards	913		476		809		2,198		138,420		140,618		309		522
Residential Mortgages	8,269		2,444		10,029		20,742		406,540		427,282		3,381		6,648
Total	$	37,193	$	8,483	$	49,556	$	95,232	$	7,668,827	$	7,764,059	$	9,261	$	51,763

Acquired Loans (Noncovered)
	Days Past Due						Total Past  Due		Current		Total Loans		≥ 90 Days Past Due  and Accruing			Nonaccrual Loans
	30-59		60-89		≥ 90
Commercial
C&I	$	—	$	—	$	65	$	65	$	17,488	$	17,553	$	—	$	70
CRE	818		—		706		1,524		57,514		59,038		—		1,430
Consumer
Installment	—		14		—		14		2,166		2,180		—		—
Home Equity Lines	220		25		—		245		18,466		18,711		—		—
Residential Mortgages	—		—		—		—		1,668		1,668		—		—
Total	$	1,038	$	39	$	771	$	1,848	$	97,302	$	99,150	$	—	$	1,500

Covered Loans (b)													≥ 90 Days Past Due  and Accruing(c)
	Days Past Due						Total Past Due		Current		Total Loans			Nonaccrual Loans (c)
	30-59		60-89		≥ 90
Commercial
C&I	$	3,736	$	105	$	28,654	$	32,495	$	149,471	$	181,966	n/a	n/a
CRE	29,417		3,318		162,963		195,698		530,405		726,103		n/a	n/a
Construction	1,695		11,688		57,628		71,011		12,208		83,219		n/a	n/a
Consumer
Installment	23		—		22		45		9,163		9,208		n/a	n/a
Home Equity Lines	1,093		1,141		260		2,494		134,003		136,497		n/a	n/a
Residential Mortgages	11,995		2,197		14,532		28,724		41,297		70,021		n/a	n/a
Total	$	47,959	$	18,449	$	264,059	$	330,467	$	876,547	$	1,207,014	n/a	n/a

(a) Installment loans 90 days or more past due and accruing include $3.3 million of loans guaranteed by the U.S. government as of March 31, 2012.

(b) Excludes loss share receivable of $171.1 million as of March 31, 2012.

(c) Acquired impaired loans were not classified as nonperforming assets at March 31, 2012 as the loans are considered to be performing under ASC 310-30. As a result interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired impaired loans. These asset quality disclosures are, therefore, not applicable to acquired impaired loans.

As of December 31, 2011
Legacy Loans							Total Past Due		Current		Total Loans		≥ 90 Days Past Due  and Accruing (a)		Nonaccrual Loans
	Days Past Due
	30-59		60-89		≥ 90
Commercial
C&I	$	1,521	$	940	$	5,490	$	7,951	$	2,740,751	$	2,748,702	$	465	$	9,266
CRE	6,187		4,819		29,976		40,982		1,951,211		1,992,193		984		36,025
Construction	39		—		7,837		7,876		269,459		277,335		609		7,575
Leases	—		—		—		—		73,530		73,530		—		—
Consumer
Installment	11,531		3,388		5,167		20,086		1,241,059		1,261,145		4,864		624
Home Equity Lines	2,627		778		1,241		4,646		720,045		724,691		796		1,102
Credit Cards	1,090		707		1,019		2,816		143,540		146,356		403		622
Residential Mortgages	11,778		2,059		9,719		23,556		388,268		411,824		3,252		6,468
Total	$	34,773	$	12,691	$	60,449	$	107,913	$	7,527,863	$	7,635,776	$	11,373	$	61,682

Acquired Loans (Noncovered)							Total Past Due		Current		Total Loans		≥ 90 Days Past Due  and Accruing		Nonaccrual Loans
	Days Past Due
	30-59		60-89		≥ 90
Commercial
C&I	$	—	$	—	$	66	$	66	$	26,708	$	26,774	$	—	$	69
CRE	—		452		1,675		2,127		60,616		62,743		—		2,880
Consumer
Installment	—		—		1		1		2,519		2,520		1		—
Home Equity Lines	67		—		1		68		19,223		19,291		2		—
Residential Mortgages	—		—		—		—		1,840		1,840		—		—
Total	$	67	$	452	$	1,743	$	2,262	$	110,906	$	113,168	$	3	$	2,949

Covered Loans (b)							Total Past Due		Current		Total Loans		≥ 90 Days Past Due  and Accruing (c)	Nonaccrual Loans (c)
	Days Past Due
	30-59		60-89		≥ 90
Commercial
C&I	$	7,451	$	2,137	$	25,801	$	35,389	$	162,150	$	197,539	n/a	n/a
CRE	20,379		12,895		170,795		204,069		573,779		777,848		n/a	n/a
Construction	4,206		1,674		57,978		63,858		26,051		89,909		n/a	n/a
Consumer
Installment	24		25		60		109		10,013		10,122		n/a	n/a
Home Equity Lines	2,656		1,094		1,088		4,838		136,710		141,548		n/a	n/a
Residential Mortgages	14,106		164		14,254		28,524		45,986		74,510		n/a	n/a
Total	$	48,822	$	17,989	$	269,976	$	336,787	$	954,689	$	1,291,476	n/a	n/a

(a) Installment loans 90 days or more past due and accruing include $3.0 million of loans guaranteed by the U.S. government as of December 31, 2011.

(a) Excludes loss share receivable of $205.7 million as of December 31, 2011.

(b) Acquired impaired loans were not classified as nonperforming assets at December 31, 2011 as the loans are considered to be performing under ASC 310-30. As a result interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired impaired loans. These asset quality disclosures are, therefore, not applicable to acquired impaired loans.

As of March 31, 2011
Legacy Loans													≥ 90 Days Past Due  and Accruing
	Days Past Due						Total Past Due		Current		Total Loans				Nonaccrual Loans
	30-59		60-89		≥ 90
Commercial
C&I	$	17,096	$	1,679	$	5,700	$	24,475	$	2,110,808	$	2,135,283	$	—	$	6,090
CRE	15,644		3,836		46,562		66,042		1,935,381		2,001,423		963		52,657
Construction	6,882		3,899		11,562		22,343		236,675		259,018		—		12,392
Leases	—		—		—		—		60,487		60,487		—		—
Consumer
Installment	10,214		2,779		6,128		19,121		1,260,046		1,279,167		3,523		1,149
Home Equity Lines	3,116		1,385		353		4,854		710,045		714,899		353		1,438
Credit Cards	1,085		831		1,224		3,140		138,724		141,864		461		1,089
Residential Mortgages	9,507		1,991		8,472		19,970		377,862		397,832		2,693		7,784
Total	$	63,544	$	16,400	$	80,001	$	159,945	$	6,830,028	$	6,989,973	$	7,993	$	82,599

Acquired Loans (Noncovered)													≥ 90 Days Past Due  and Accruing
	Days Past Due						Total Past  Due		Current		Total Loans				Nonaccrual Loans
	30-59		60-89		≥ 90
Commercial
C&I	$	215	$	—	$	81	$	296	$	55,163	$	55,459	$	10	$	72
CRE	4,063		1,376		35		5,474		108,719		114,193		—		35
Consumer
Installment	3		12		16		31		2,972		3,003		16		—
Home Equity Lines	23		50		—		73		21,975		22,048		—		—
Residential Mortgages	65		—		—		65		1,483		1,548		—		—
Total	$	4,369	$	1,438	$	132	$	5,939	$	190,312	$	196,251	$	26	$	107

Covered Loans (b)													≥ 90 Days Past Due  and Accruing(c)
	Days Past Due						Total Past Due		Current		Total Loans			Nonaccrual Loans (c)
	30-59		60-89		≥ 90
Commercial
C&I	$	6,720	$	8,942	$	57,060	$	72,722	$	185,405	$	258,127	n/a	n/a
CRE	33,923		19,262		204,726		257,911		718,706		976,617		n/a	n/a
Construction	4,170		4,441		71,386		79,997		30,050		110,047		n/a	n/a
Consumer
Installment	205		9		1,084		1,298		11,149		12,447		n/a	n/a
Home Equity Lines	1,072		1,456		1,350		3,878		151,674		155,552		n/a	n/a
Residential Mortgages	18,369		676		12,161		31,206		60,278		91,484		n/a	n/a
Total	$	64,459	$	34,786	$	347,767	$	447,012	$	1,157,262	$	1,604,274	n/a	n/a

(a) Installment loans 90 days or more past due and accruing include $2.3 million of loans guaranteed by the U.S. government as of March 31, 2011.

(b) Excludes loss share receivable of $266.0 million as of March 31, 2011.

(a) Acquired impaired loans were not classified as nonperforming assets at March 31, 2011 as the loans are considered to be performing under ASC 310-30. As a result interest income, through the accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all acquired impaired loans. These asset quality disclosures are, therefore, not applicable to acquired impaired loans.

Individual commercial loans are assigned credit risk grades based on an internal assessment of conditions that affect a borrower’s ability to meet its contractual obligation under the loan agreement. The assessment process includes reviewing a borrower’s current financial information, historical payment experience, credit documentation, public information, and other information specific to each borrower. Commercial loans are reviewed on an annual, quarterly or rotational basis or as Management becomes aware of information during a borrower’s ability to fulfill its obligation.

The credit-risk grading process for commercial loans is summarized as follows:

“Pass” Loans (Grades 1, 2, 3, 4) are not considered a greater than normal credit risk. Generally, the borrowers have the apparent ability to satisfy obligations to the bank, and the Corporation anticipates insignificant uncollectible amounts based on its individual loan review.

“Special-Mention” Loans (Grade 5) are commercial loans that have identified potential weaknesses that deserve Management’s close attention. If left uncorrected, these potential weaknesses may result in noticeable deterioration of the repayment prospects for the asset or in the institution’s credit position.

“Substandard” Loans (Grade 6) are inadequately protected by the current financial condition and paying capacity of the obligor or by any collateral pledged. Loans so classified have a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt pursuant to the contractual principal and interest terms. Such loans are characterized by the distinct possibility that the Corporation may sustain some loss if the deficiencies are not corrected.

“Doubtful” Loans (Grade 7) have all the weaknesses inherent in those classified as substandard, with the added characteristic that existing facts, conditions, and values make collection or liquidation in full highly improbable. Such loans are currently managed separately to determine the highest recovery alternatives.

“Loss” Loans (Grade 8) are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. These loans are charged off when loss is identified.

The following tables provide a summary of loans by portfolio type and the Corporation’s internal credit quality rating:

As of March 31, 2012
Legacy Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	40,605	$	—	$	—	$	10,706
Grade 2	97,078		6,210		610		—
Grade 3	521,791		243,461		18,208		7,098
Grade 4	2,070,512		1,554,118		251,354		55,930
Grade 5	51,591		70,452		4,257		—
Grade 6	91,527		110,332		11,286		378
Grade 7	68		—		—		—
	$	2,873,172	$	1,984,573	$	285,715	$	74,112

Acquired Loans (Noncovered)
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	—	$	—	$	—	$	—
Grade 2	—		—		—		—
Grade 3	—		—		—		—
Grade 4	17,307		56,341		—		—
Grade 5	—		—		—		—
Grade 6	246		2,697		—		—
Grade 7	—		—		—		—
	$	17,553	$	59,038	$	—	$	—

Covered Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	926	$	—	$	—	$	—
Grade 2	1,384		—		—		—
Grade 3	523		495		—		—
Grade 4	98,347		272,278		487		—
Grade 5	7,913		90,901		1,613		—
Grade 6	67,000		349,702		72,675		—
Grade 7	5,873		12,727		8,444		—
	$	181,966	$	726,103	$	83,219	$	—

As of December 31, 2011
Legacy Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	37,607	$	—	$	—	$	10,636
Grade 2	122,124		4,218		615		—
Grade 3	479,119		249,382		16,752		5,868
Grade 4	1,973,671		1,548,420		241,302		57,026
Grade 5	50,789		58,942		4,583		—
Grade 6	85,392		130,968		14,083		—
Grade 7	—		263		—		—
	$	2,748,702	$	1,992,193	$	277,335	$	73,530

Acquired Loans (Noncovered)
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	—	$	—	$	—	$	—
Grade 2	—		—		—		—
Grade 3	—		1,871		—		—
Grade 4	26,036		55,129		—		—
Grade 5	—		—		—		—
Grade 6	738		5,743		—		—
Grade 7	—		—		—		—
	$	26,774	$	62,743	$	—	$	—

Covered Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	948	$	—	$	—	$	—
Grade 2	1,376		—		—		—
Grade 3	—		516		—		—
Grade 4	109,360		303,231		487		—
Grade 5	9,661		103,919		1,567		—
Grade 6	69,330		344,445		80,009		—
Grade 7	6,864		25,737		7,846		—
	$	197,539	$	777,848	$	89,909	$	—

As of March 31, 2011
Legacy Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	45,658	$	11,062	$	1,353	$	7,732
Grade 2	91,210		3,377		2,843		—
Grade 3	322,185		248,224		40,705		4,097
Grade 4	1,572,599		1,504,267		182,071		48,322
Grade 5	55,624		96,440		7,261		187
Grade 6	47,859		137,740		24,785		149
Grade 7	148		313		—		—
	$	2,135,283	$	2,001,423	$	259,018	$	60,487

Acquired Loans (Noncovered)
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	753	$	—	$	—	$	—
Grade 2	—		—		—		—
Grade 3	150		3,696		—		—
Grade 4	54,164		108,500		—		—
Grade 5	—		—		—		—
Grade 6	392		1,997		—		—
Grade 7	—		—		—		—
	$	55,459	$	114,193	$	—	$	—

Covered Loans
	Commercial
	C&I		CRE		Construction		Leases
Grade 1	$	794	$	—	$	—	$	—
Grade 2	—		—		—		—
Grade 3	3,964		5,584		—		—
Grade 4	107,152		408,683		4,521		—
Grade 5	57,338		209,800		3,408		—
Grade 6	76,113		308,729		64,968		—
Grade 7	12,766		43,821		37,150		—
	$	258,127	$	976,617	$	110,047	$	—