Loans Held for Investment (LHFI) and Allowance for Loan Losses, excluding Covered Loans (Tables)

6 Months Ended

Jun. 30, 2011

Loans and Allowance for Loan Losses [Abstract]

For the periods presented, LHFI, excluding covered loans, consisted of the following ($ in thousands):

	June 30, 2011		December 31, 2010
Loans secured by real estate:
Construction, land development and other land loans	$	510,867	$	583,316
Secured by 1-4 family residential properties		1,737,744		1,732,056
Secured by nonfarm, nonresidential properties		1,457,328		1,498,108
Other		208,797		231,963
Commercial and industrial loans		1,082,127		1,068,369
Consumer loans		332,032		402,165
Other loans		577,421		544,265
LHFI, excluding covered loans		5,906,316		6,060,242
Less allowance for loan losses		86,846		93,510
Net LHFI, excluding covered loans	$	5,819,470	$	5,966,732

The following table details LHFI, excluding covered loans, individually and collectively evaluated for impairment at June 30, 2011 and December 31, 2010 ($ in thousands):

	June 30, 2011
	LHFI Evaluated for Impairment
	Individually		Collectively		Total

Loans secured by real estate:
Construction, land development and other land loans	$	46,057	$	464,810	$	510,867
Secured by 1-4 family residential properties		23,604		1,714,140		1,737,744
Secured by nonfarm, nonresidential properties		29,055		1,428,273		1,457,328
Other		5,120		203,677		208,797
Commercial and industrial loans		15,180		1,066,947		1,082,127
Consumer loans		997		331,035		332,032
Other loans		1,005		576,416		577,421
Total	$	121,018	$	5,785,298	$	5,906,316

	December 31, 2010
	LHFI Evaluated for Impairment
	Individually		Collectively		Total

Loans secured by real estate:
Construction, land development and other land loans	$	57,831	$	525,485	$	583,316
Secured by 1-4 family residential properties		30,313		1,701,743		1,732,056
Secured by nonfarm, nonresidential properties		29,013		1,469,095		1,498,108
Other		6,154		225,809		231,963
Commercial and industrial loans		16,107		1,052,262		1,068,369
Consumer loans		2,112		400,053		402,165
Other loans		1,393		542,872		544,265
Total	$	142,923	$	5,917,319	$	6,060,242

Impaired Financing Receivables

At June 30, 2011 and December 31, 2010, the carrying amount of impaired loans, excluding covered loans, consisted of the following ($ in thousands):

	June 30, 2011
			Total LHFI
	Unpaid		with No Related		Total LHFI		Total				Average
	Principal		Allowance		with an Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment

Loans secured by real estate:
Construction, land development and other land loans	$	71,120	$	29,286	$	16,771	$	46,057	$	4,207	$	51,944
Secured by 1-4 family residential properties		32,472		2,380		21,224		23,604		630		26,958
Secured by nonfarm, nonresidential properties		34,218		19,296		9,759		29,055		1,291		29,034
Other		5,918		4,218		902		5,120		45		5,637
Commercial and industrial loans		16,741		8,945		6,235		15,180		1,812		15,644
Consumer loans		1,309		-		997		997		12		1,555
Other loans		2,525		753		252		1,005		50		1,199
Total	$	164,303	$	64,878	$	56,140	$	121,018	$	8,047	$	131,971

	December 31, 2010
			Total LHFI
	Unpaid		with No Related		Total LHFI		Total				Average
	Principal		Allowance		with an Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment

Loans secured by real estate:
Construction, land development and other land loans	$	81,945	$	33,201	$	24,630	$	57,831	$	6,782	$	69,817
Secured by 1-4 family residential properties		41,475		3,082		27,230		30,312		1,745		30,888
Secured by nonfarm, nonresidential properties		35,679		18,582		10,431		29,013		1,580		23,535
Other		7,009		5,042		1,113		6,155		95		4,126
Commercial and industrial loans		17,413		9,172		6,935		16,107		1,514		11,369
Consumer loans		2,420		-		2,112		2,112		23		1,544
Other loans		2,868		1,107		286		1,393		58		765
Total	$	188,809	$	70,186	$	72,737	$	142,923	$	11,797	$	142,044

Carrying Amount of Loans by Credit Quality Indicator

The table below illustrates the carrying amount of loans, excluding covered loans, by credit quality indicator at June 30, 2011 and December 31, 2010 ($ in thousands):

	June 30, 2011
		Commercial Loans
		Pass -		Special Mention -		Substandard -		Doubtful -
		Categories 1-6		Category 7		Category 8		Category 9		Subtotal
Loans secured by real estate:
Construction, land development and other land loans		$	303,186	$	37,323	$	116,918	$	112	$	457,539
Secured by 1-4 family residential properties			115,711		1,348		18,307		172		135,538
Secured by nonfarm, nonresidential properties			1,311,071		20,493		124,568		261		1,456,393
Other			192,286		315		8,379		-		200,980
Commercial and industrial loans			998,915		27,064		51,198		1,472		1,078,649
Consumer loans			1,282		-		-		-		1,282
Other loans			567,213		-		3,858		125		571,196
		$	3,489,664	$	86,543	$	323,228	$	2,142	$	3,901,577

	Consumer Loans
			Past Due		Past Due Greater						Total LHFI, excluding
	Current		30-89 Days		Than 90 days		Nonaccrual		Subtotal		covered loans
Loans secured by real estate:
Construction, land development and other land loans	$	50,290	$	1,107	$	210	$	1,721	$	53,328	$	510,867
Secured by 1-4 family residential properties		1,570,576		10,798		2,770		18,062		1,602,206		1,737,744
Secured by nonfarm, nonresidential properties		935		-		-		-		935		1,457,328
Other		7,779		6		-		32		7,817		208,797
Commercial and industrial loans		2,571		863		-		44		3,478		1,082,127
Consumer loans		317,771		9,427		2,556		996		330,750		332,032
Other loans		6,225		-		-		-		6,225		577,421
	$	1,956,147	$	22,201	$	5,536	$	20,855	$	2,004,739	$	5,906,316

	December 31, 2010
	Commercial Loans
	Pass -		Special Mention -		Substandard -		Doubtful -
	Categories 1-6		Category 7		Category 8		Category 9		Subtotal
Loans secured by real estate:
Construction, land development and other land loans	$	347,287	$	44,459	$	134,503	$	512	$	526,761
Secured by 1-4 family residential properties		113,776		780		25,167		226		139,949
Secured by nonfarm, nonresidential properties		1,353,794		16,858		126,050		431		1,497,133
Other		216,022		180		7,418		-		223,620
Commercial and industrial loans		977,793		25,642		58,307		1,416		1,063,158
Consumer loans		524		-		-		-		524
Other loans		535,110		210		3,633		146		539,099
	$	3,544,306	$	88,129	$	355,078	$	2,731	$	3,990,244

	Consumer Loans
			Past Due		Past Due Greater						Total LHFI, excluding
	Current		30-89 Days		Than 90 days		Nonaccrual		Subtotal		covered loans
Loans secured by real estate:
Construction, land development and other land loans	$	53,797	$	223	$	-	$	2,535	$	56,555	$	583,316
Secured by 1-4 family residential properties		1,559,611		10,302		1,278		20,916		1,592,107		1,732,056
Secured by nonfarm, nonresidential properties		975		-		-		-		975		1,498,108
Other		8,282		26		-		35		8,343		231,963
Commercial and industrial loans		5,075		97		-		39		5,211		1,068,369
Consumer loans		383,529		13,741		2,260		2,111		401,641		402,165
Other loans		5,166		-		-		-		5,166		544,265
	$	2,016,435	$	24,389	$	3,538	$	25,636	$	2,069,998	$	6,060,242

Aging Analysis of Past Due Loans and Nonaccrual Loans, excluding Covered Loans By Class

The following table provides an aging analysis of past due and nonaccrual LHFI, excluding covered loans, by class at June 30, 2011 and December 31, 2010 ($ in thousands):

	June 30, 2011
	Past Due
			Greater than						Current		Total LHFI, excluding
	30-89 Days		90 Days (1)		Total		Nonaccrual		Loans		covered loans

Loans secured by real estate:
Construction, land development and other land loans	$	7,150	$	1,506	$	8,656	$	46,058	$	456,153	$	510,867
Secured by 1-4 family residential properties		11,847		2,769		14,616		23,604		1,699,524		1,737,744
Secured by nonfarm, nonresidential properties		25,723		28		25,751		29,055		1,402,522		1,457,328
Other		2,033		-		2,033		5,120		201,644		208,797
Commercial and industrial loans		3,974		135		4,109		15,180		1,062,838		1,082,127
Consumer loans		9,403		2,556		11,959		996		319,077		332,032
Other loans		218		-		218		1,005		576,198		577,421
Total past due LHFI	$	60,348	$	6,994	$	67,342	$	121,018	$	5,717,956	$	5,906,316

(1) - Past due greater than 90 days but still accruing interest.

	December 31, 2010
	Past Due
			Greater than						Current		Total LHFI, excluding
	30-89 Days		90 Days (1)		Total		Nonaccrual		Loans		covered loans

Loans secured by real estate:
Construction, land development and other land loans	$	1,651	$	-	$	1,651	$	57,831	$	523,834	$	583,316
Secured by 1-4 family residential properties		11,654		1,278		12,932		30,313		1,688,811		1,732,056
Secured by nonfarm, nonresidential properties		9,149		31		9,180		29,013		1,459,915		1,498,108
Other		441		-		441		6,154		225,368		231,963
Commercial and industrial loans		4,178		39		4,217		16,107		1,048,045		1,068,369
Consumer loans		13,741		2,260		16,001		2,112		384,052		402,165
Other loans		67		-		67		1,393		542,805		544,265
Total past due LHFI	$	40,881	$	3,608	$	44,489	$	142,923	$	5,872,830	$	6,060,242

Change in Allowance For Loan Losses

Changes in the allowance for loan losses were as follows ($ in thousands):

	Six Months Ended June 30,
	2011			2010
Balance at January 1,	$	93,510		$	103,662
Loans charged-off		(28,637	)		(34,072	)
Recoveries		6,320			5,573
Net charge-offs		(22,317	)		(28,499	)
Provision for loan losses		15,653			25,493
Balance at June 30,	$	86,846		$	100,656

The following tables detail the balance in the allowance for loan losses by portfolio segment at June 30, 2011 and 2010, respectively ($ in thousands):

	Allowance for Loan Losses
	Balance										Balance
	January 1,							Provision for			June 30,
	2011		Charge-offs			Recoveries		Loan Losses			2011
Loans secured by real estate:
Construction, land development and other land loans	$	35,562	$	(12,286	)	$	-	$	7,925		$	31,201
Secured by 1-4 family residential properties		13,051		(4,819	)		388		3,222			11,842
Secured by nonfarm, nonresidential properties		20,980		(2,818	)		-		2,731			20,893
Other		1,582		(577	)		-		775			1,780
Commercial and industrial loans		14,775		(2,948	)		1,159		1,146			14,132
Consumer loans		5,400		(3,048	)		3,043		(1,018	)		4,377
Other loans		2,160		(2,141	)		1,730		872			2,621
Total	$	93,510	$	(28,637	)	$	6,320	$	15,653		$	86,846

	Allowance for Loan Losses
	Disaggregated by Impairment Method
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land loans	$	4,207	$	26,994	$	31,201
Secured by 1-4 family residential properties		630		11,212		11,842
Secured by nonfarm, nonresidential properties		1,291		19,602		20,893
Other		45		1,735		1,780
Commercial and industrial loans		1,812		12,320		14,132
Consumer loans		12		4,365		4,377
Other loans		50		2,571		2,621
Total	$	8,047	$	78,799	$	86,846

	Allowance for Loan Losses
	Balance									Balance
	January 1,							Provision for		June 30,
	2010		Charge-offs			Recoveries		Loan Losses		2010
Loans secured by real estate:
Construction, land development and other land loans	$	43,552	$	(16,365	)	$	-	$	13,124	$	40,311
Secured by 1-4 family residential properties		13,151		(5,920	)		205		5,196		12,632
Secured by nonfarm, nonresidential properties		20,110		(1,122	)		-		3,232		22,220
Other		1,631		(6	)		-		13		1,638
Commercial and industrial loans		16,275		(1,379	)		526		21		15,443
Consumer loans		7,246		(5,575	)		3,225		1,412		6,308
Other loans		1,697		(3,705	)		1,617		2,495		2,104
Total	$	103,662	$	(34,072	)	$	5,573	$	25,493	$	100,656

	Allowance for Loan Losses
	Disaggregated by Impairment Method
	Individually		Collectively		Total
Loans secured by real estate:
Construction, land development and other land loans	$	7,150	$	33,161	$	40,311
Secured by 1-4 family residential properties		1,729		10,903		12,632
Secured by nonfarm, nonresidential properties		838		21,382		22,220
Other		458		1,180		1,638
Commercial and industrial loans		1,169		14,274		15,443
Consumer loans		9		6,299		6,308
Other loans		30		2,074		2,104
Total	$	11,383	$	89,273	$	100,656