Allowance for loan losses (Tables)

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Allowance for loan losses [Abstract]

Allowance for Credit Losses on Financing Receivables



	Three Months Ended September 30, 2012
	C&I			CRE			Construction			Leases		Installment			Home Equity Lines			Credit Cards			Residential Mortgages			Total
Allowance for loan losses, beginning balance	$	40,327		$	27,186		$	5,147		$	358	$	13,029		$	5,449		$	6,690		$	5,663		$	103,849
Charge-offs	(8,773		)	(727		)	(127		)	—		(5,507		)	(2,784		)	(1,390		)	(1,691		)	(20,999		)
Recoveries	1,408			180			61			—		2,883			1,007			488			100			6,127
Provision for noncovered loan losses	6,197			(1,461		)	(277		)	148		1,430			1,213			1,447			1,268			9,965
Allowance for loan losses, ending balance	$	39,159		$	25,178		$	4,804		$	506	$	11,835		$	4,885		$	7,235		$	5,340		$	98,942

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent



	As of September 30, 2012
	C&I		CRE		Construction		Leases		Installment		Home Equity Lines		Credit Cards		Residential Mortgages		Total
Ending allowance for noncovered loan losses balance attributable to loans:
Individually evaluated for impairment	$	2,900	$	1,953	$	117	$	—	$	1,674	$	95	$	106	$	1,599	$	8,444
Collectively evaluated for impairment	36,259		23,225		4,687		506		10,161		4,790		7,129		3,741		90,498
Total ending allowance for noncovered loan losses balance	$	39,159	$	25,178	$	4,804	$	506	$	11,835	$	4,885	$	7,235	$	5,340	$	98,942
Noncovered loans:
Individually evaluated for impairment	$	9,994	$	28,972	$	3,577	$	—	$	32,577	$	6,922	$	1,767	$	24,569	$	108,378
Collectively evaluated for impairment	3,039,235		2,124,370		305,528		110,938		1,288,505		782,820		142,152		414,494		8,208,042
Total ending noncovered loan balance	$	3,049,229	$	2,153,342	$	309,105	$	110,938	$	1,321,082	$	789,742	$	143,919	$	439,063	$	8,316,420

Schedule of Credit Losses for Financing Receivables, Current

The activity within the allowance for covered loan losses for the three and nine months ended September 30, 2012 and 2011 is shown in the following table:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Balance at beginning of the period	$	42,606		$	33,360		$	36,417		$	13,733
Provision for loan losses before benefit attributable to FDIC loss share agreements	7,698			12,992			28,177			48,657
Benefit attributable to FDIC loss share agreements	(1,484		)	(8,224		)	(12,601		)	(31,077		)
Net provision for covered loan losses	6,214			4,768			15,576			17,580
Increase in indemnification asset	1,484			8,224			12,601			31,077
Loans charged-off	(6,660		)	(11,749		)	(20,950		)	(27,787		)
Balance at end of the period	$	43,644		$	34,603		$	43,644		$	34,603

Impaired Financing Receivables



	As of September 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Impaired loans with no related allowance
Commercial
C&I	$	1,443	$	10,154	$	—	$	9,903
CRE	16,910		22,337		—		19,217
Construction	3,370		3,944		—		4,080
Consumer
Installment	2,902		4,739		—		4,888
Home equity line	959		1,239		—		1,237
Credit card	4		4		—		4
Residential mortgages	10,693		12,838		—		11,542
Subtotal	$	36,281	$	55,255	$	—	$	50,871
Impaired loans with a related allowance
Commercial
C&I	8,551		12,555		2,900		10,163
CRE	11,543		14,113		1,953		10,559
Construction	726		726		117		733
Consumer
Installment	29,675		29,675		1,674		30,361
Home equity line	5,963		5,963		95		6,206
Credit card	1,763		1,763		106		1,975
Residential mortgages	13,876		13,967		1,599		13,946
Subtotal	72,097		78,762		8,444		73,943
Total impaired loans	$	108,378	$	134,017	$	8,444	$	124,814

(a) These tables exclude loans fully charged off.

(b) The differences between the recorded investment and unpaid principal balance amounts represents partial charge offs.



	As of December 31, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Impaired loans with no related allowance
Commercial
C&I	$	6,999	$	9,121	$	—	$	8,442
CRE	29,566		46,744		—		37,720
Construction	7,522		13,675		—		9,908
Consumer
Installment	—		—		—		—
Home equity line	—		—		—		—
Credit card	—		—		—		—
Residential mortgages	4,244		5,746		—		4,450
Subtotal	48,331		75,286		—		60,520
Impaired loans with a related allowance
Commercial
C&I	1,270		1,769		2,497		752
CRE	6,521		6,789		1,599		3,247
Construction	1,798		2,864		99		1,929
Consumer
Installment	33,571		33,723		1,382		33,742
Home equity line	4,763		4,763		31		4,996
Credit card	2,202		2,202		108		2,497
Residential mortgages	13,154		13,167		1,364		13,155
Subtotal	63,279		65,277		7,080		60,318
Total impaired loans	$	111,610	$	140,563	$	7,080	$	120,838

(a) These tables exclude loans fully charged off.

(b) The differences between the recorded investment and unpaid principal balance amounts represents partial charge offs.



	As of September 30, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Impaired loans with no related allowance
Commercial
C&I	$	843	$	1,831	$	—	$	1,613
CRE	28,728		40,092		—		34,838
Construction	5,883		8,657		—		6,850
Consumer
Installment	—		—		—		—
Home equity line	—		—		—		—
Credit card	—		—		—		—
Residential mortgages	2,872		4,229		—		2,999
Subtotal	$	38,326	$	54,809	$	—	$	46,300
Impaired loans with a related allowance
Commercial
C&I	3,428		4,725		256		4,053
CRE	10,560		15,444		2,064		12,286
Construction	5,906		8,840		1,264		6,386
Consumer
Installment	34,654		34,703		1,568		34,485
Home equity line	4,413		4,412		52		4,581
Credit card	2,359		2,359		121		2,560
Residential mortgages	13,444		13,469		1,346		13,409
Subtotal	74,764		83,952		6,671		77,760
Total impaired loans	$	113,090	$	138,761	$	6,671	$	124,060

(a) These tables exclude loans fully charged off.

(b) The differences between the recorded investment and unpaid principal balance amounts represents partial charge offs.

Troubled Debt Restructurings on Financing Receivables



	As of September 30, 2012
	Accruing TDRs						Nonaccruing TDRs						Total		Total
	Current		Delinquent		Total		Current		Delinquent		Total		TDRS		Allowance
Noncovered loans
Commercial
C&I	$	955	$	—	$	955	$	865	$	593	$	1,458	$	2,413	$	126
CRE	11,609		2,464		14,073		473		3,217		3,690		17,763		401
Construction	3,507		—		3,507		70		—		70		3,577		117
Total noncovered commercial	16,071		2,464		18,535		1,408		3,810		5,218		23,753		644
Consumer
Installment	28,604		1,071		29,675		2,882		20		2,902		32,577		1,674
Home equity lines	5,394		171		5,565		1,131		226		1,357		6,922		95
Credit card	1,655		109		1,764		—		3		3		1,767		106
Residential mortgages	11,386		3,339		14,725		6,611		3,233		9,844		24,569		1,599
Total noncovered consumer	47,039		4,690		51,729		10,624		3,482		14,106		65,835		3,474
Covered loans
Commercial
C&I	1,000		4,278		5,278		—		—		—		5,278		1,527
CRE	17,298		34,782		52,080		—		—		—		52,080		8,088
Construction	6,324		8,315		14,639		—		—		—		14,639		1,632
Total covered commercial	24,622		47,375		71,997		—		—		—		71,997		11,247
Consumer
Home equity lines	4,698		44		4,742		—		—		—		4,742		—
Total TDRs	$	92,430	$	54,573	$	147,003	$	12,032	$	7,292	$	19,324	$	166,327	$	15,365



	As of December 31, 2011
	Accruing TDRs						Nonaccruing TDRs						Total		Total
	Current		Delinquent		Total		Current		Delinquent		Total		TDRS		Allowance
Noncovered loans
Commercial
C&I	$	91	$	—	$	91	$	—	$	2,421	$	2,421	$	2,512	$	247
CRE	3,305		513		3,818		3,590		1,759		5,349		9,167		236
Construction	2,782		—		2,782		304		237		541		3,323		99
Total noncovered commercial	6,178		513		6,691		3,894		4,417		8,311		15,002		582
Consumer
Installment	31,637		1,800		33,437		—		134		134		33,571		1,382
Home equity lines	4,226		222		4,448		76		239		315		4,763		31
Credit card	2,073		110		2,183		—		19		19		2,202		108
Residential mortgages	13,736		688		14,424		1,622		1,352		2,974		17,398		1,364
Total noncovered consumer	51,672		2,820		54,492		1,698		1,744		3,442		57,934		2,885
Covered loans
Commercial
C&I	1,587		5,991		7,578		—		—		—		7,578		1,384
CRE	35,083		22,703		57,786		—		—		—		57,786		6,567
Construction	5,838		6,218		12,056		—		—		—		12,056		696
Total covered commercial	42,508		34,912		77,420		—		—		—		77,420		8,647
Total TDRs	$	100,358	$	38,245	$	138,603	$	5,592	$	6,161	$	11,753	$	150,356	$	12,114



			As of September 30, 2012
			Number of Loans	Recorded Investment		Unpaid Principal Balance
Noncovered loans
	Commercial
		C&I	22	$	2,413	$	8,478
		CRE	36	17,763		21,307
		Construction	27	3,577		4,025
		Subtotal	85	23,753		33,810
	Consumer
		Installment	1,840	32,577		34,414
		Home equity lines	229	6,922		7,202
		Credit card	426	1,767		1,767
		Residential mortgages	308	24,569		26,805
		Subtotal	2,803	65,835		70,188
Covered loans
	Commercial
		C&I	11	5,278		6,216
		CRE	25	52,079		57,681
		Construction	10	14,640		42,567
		Subtotal	46	71,997		106,464
	Consumer
		Home equity lines	30	4,742		4,774
		Total	2,964	$	166,327	$	215,236

(a) The differences between the recorded investment and unpaid principal balance amounts represents partial charge offs.



			As of December 31, 2011
			Number of Loans	Recorded Investment		Unpaid Principal Balance
Noncovered loans
	Commercial
		C&I	14	$	2,512	$	4,336
		CRE	28	9,167		12,659
		Construction	22	3,323		3,985
		Subtotal	64	15,002		20,980
	Consumer
		Installment	1,547	33,571		33,723
		Home equity lines	174	4,763		4,763
		Credit card	496	2,202		2,202
		Residential mortgages	177	17,398		18,913
		Subtotal	2,394	57,934		59,601
Covered loans
	Commercial
		C&I	15	7,578		10,812
		CRE	21	57,786		62,159
		Construction	8	12,056		32,035
		Subtotal	44	77,420		105,006
		Total	2,502	$	150,356	$	185,587

(a) The differences between the recorded investment and unpaid principal balance amounts represents partial charge offs.



			As of September 30, 2011
			Number of Loans	Recorded Investment		Unpaid Principal Balance
Noncovered loans
	Commercial
		C&I	8	$	1,096	$	2,654
		CRE	20	8,068		10,725
		Construction	16	3,443		3,657
		Subtotal	44	12,607		17,036
	Consumer
		Installment	1,568	34,654		34,703
		Home equity lines	166	4,413		4,412
		Credit card	529	2,359		2,359
		Residential mortgages	161	16,316		17,698
		Subtotal	2,424	57,742		59,172
Covered loans
	Commercial
		C&I	8	7,287		10,901
		CRE	15	41,403		45,282
		Construction	11	10,940		21,918
		Subtotal	34	59,630		78,101
		Total	2,502	$	129,979	$	154,309



	As of September 30, 2011
	Accruing TDRs						Nonaccruing TDRs						Total		Total
	Current		Delinquent		Total		Current		Delinquent		Total		TDRS		Allowance
Noncovered loans
Commercial
C&I	$	129	$	—	$	129	$	—	$	967	$	967	$	1,096	$	215
CRE	4,778		—		4,778		1,215		2,075		3,290		8,068		125
Construction	2,760		—		2,760		180		503		683		3,443		772
Total noncovered commercial	7,667		—		7,667		1,395		3,545		4,940		12,607		1,112
Consumer
Installment	32,882		1,772		34,654		—		—		—		34,654		1,568
Home equity lines	3,885		528		4,413		—		—		—		4,413		52
Credit card	2,201		158		2,359		—		—		—		2,359		121
Residential mortgages	12,313		1,570		13,883		1,485		948		2,433		16,316		1,346
Total noncovered consumer	51,281		4,028		55,309		1,485		948		2,433		57,742		3,087
Covered loans
Commercial
C&I	6,052		1,235		7,287		—		—		—		7,287		746
CRE	41,403		—		41,403		—		—		—		41,403		1,542
Construction	10,940		—		10,940		—		—		—		10,940		394
Total covered commercial	58,395		1,235		59,630		—		—		—		59,630		2,682
Total TDRs	$	117,343	$	5,263	$	122,606	$	2,880	$	4,493	$	7,373	$	129,979	$	6,881

Schedule of Debtor Troubled Debt Restructuring, Current Period



	As of September 30, 2012
	Number of Loans	Recorded Investment
Noncovered loans
Commercial
C&I	—	$	—
CRE	—	—
Construction	—	—
Total noncovered commercial	—	—
Consumer
Installment	122	4,385
Home equity lines	15	669
Credit card	18	122
Residential mortgages	1	80
Total noncovered consumer	156	5,256
Covered loans
Commercial
C&I	—	—
CRE	—	—
Construction	—	—
Total covered commercial	—	—
Total	156	$	5,256

- Definition

Tabular disclosure of troubled debt restructurings in the current period: (1) for each restructuring, the principal changes in terms, the major features of settlement, or both; (2) the aggregate gain (loss) on restructuring of payables; (3) the income tax effect on the gain or loss recognized on the restructuring of payables; (4) the gain (loss) recognized on the restructuring of payables, after the impact of income tax expense or benefit; and (5) the aggregate gain (loss) on transfer of assets recognized during the period, after the impact of income tax expense or benefit.

+ References+ Details