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

3 Months Ended

Mar. 31, 2013

Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI [Abstract]

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

	March 31, 2013		December 31, 2012
Loans secured by real estate:
Construction, land development and other land loans	$	485,419	$	468,975
Secured by 1-4 family residential properties		1,372,901		1,497,480
Secured by nonfarm, nonresidential properties		1,385,669		1,410,264
Other		174,680		189,949
Commercial and industrial loans		1,206,851		1,169,513
Consumer loans		160,253		171,660
Other loans		688,623		684,913
LHFI		5,474,396		5,592,754
Less allowance for loan losses, LHFI		76,900		78,738
Net LHFI	$	5,397,496	$	5,514,016

Summary of LHFI Evaluated for Impairment

The following table details LHFI individually and collectively evaluated for impairment at March 31, 2013 and December 31, 2012 ($ in thousands):

	March 31, 2013
	LHFI Evaluated for Impairment
	Individually		Collectively		Total

Loans secured by real estate:
Construction, land development and other land loans	$	24,443	$	460,976	$	485,419
Secured by 1-4 family residential properties		27,149		1,345,752		1,372,901
Secured by nonfarm, nonresidential properties		17,880		1,367,789		1,385,669
Other		1,040		173,640		174,680
Commercial and industrial loans		9,053		1,197,798		1,206,851
Consumer loans		277		159,976		160,253
Other loans		3,480		685,143		688,623
Total	$	83,322	$	5,391,074	$	5,474,396

	December 31, 2012
	LHFI Evaluated for Impairment
	Individually		Collectively		Total

Loans secured by real estate:
Construction, land development and other land loans	$	27,105	$	441,870	$	468,975
Secured by 1-4 family residential properties		27,114		1,470,366		1,497,480
Secured by nonfarm, nonresidential properties		18,289		1,391,975		1,410,264
Other		3,956		185,993		189,949
Commercial and industrial loans		4,741		1,164,772		1,169,513
Consumer loans		360		171,300		171,660
Other loans		798		684,115		684,913
Total	$	82,363	$	5,510,391	$	5,592,754

Impaired Financing Receivables

At March 31, 2013 and December 31, 2012, the carrying amount of LHFI individually evaluated for impairment consisted of the following ($ in thousands):

	March 31, 2013
	LHFI
	Unpaid		With No Related		With an		Total				Average
	Principal		Allowance		Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment

Loans secured by real estate:
Construction, land development and other land loans	$	39,955	$	10,483	$	13,960	$	24,443	$	3,514	$	25,774
Secured by 1-4 family residential properties		35,509		2,461		24,688		27,149		1,117		27,131
Secured by nonfarm, nonresidential properties		20,528		7,976		9,904		17,880		2,170		18,085
Other		1,543		555		485		1,040		32		2,498
Commercial and industrial loans		11,629		2,100		6,953		9,053		3,584		6,897
Consumer loans		525		-		277		277		2		319
Other loans		3,586		50		3,430		3,480		594		2,139
Total	$	113,275	$	23,625	$	59,697	$	83,322	$	11,013	$	82,843

	December 31, 2012
	LHFI
	Unpaid		With No Related		With an		Total				Average
	Principal		Allowance		Allowance		Carrying		Related		Recorded
	Balance		Recorded		Recorded		Amount		Allowance		Investment

Loans secured by real estate:
Construction, land development and other land loans	$	46,558	$	9,571	$	17,534	$	27,105	$	4,992	$	33,759
Secured by 1-4 family residential properties		35,155		2,533		24,581		27,114		1,469		25,731
Secured by nonfarm, nonresidential properties		23,337		8,184		10,105		18,289		2,296		21,135
Other		6,036		566		3,390		3,956		760		4,914
Commercial and industrial loans		7,251		2,336		2,405		4,741		640		9,444
Consumer loans		624		-		360		360		5		592
Other loans		857		-		798		798		342		835
Total	$	119,818	$	23,190	$	59,173	$	82,363	$	10,504	$	96,410

Impact of Modifications Classified as Troubled Debt Restructurings

The following table illustrates the impact of modifications classified as TDRs for the three months ended March 31, 2013 and 2012 as well as those TDRs modified within the last 12 months for which there was a payment default during the period ($ in thousands):

	Three Months Ended March 31, 2013
Troubled Debt Restructurings	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Secured by 1-4 family residential properties		2		249		193
Secured by nonfarm, nonresidential properties		1		952		952
Commercial and industrial		2		944		937
Other loans		1		2,490		2,490
Total		6	$	4,635	$	4,572

	Three Months Ended March 31, 2012
Troubled Debt Restructurings	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Construction, land development and other land loans		8	$	3,611	$	3,611
Secured by 1-4 family residential properties		2		1,009		1,009
Secured by nonfarm, nonresidential properties		2		1,210		1,210
Total		12	$	5,830	$	5,830

Troubled Debt Restructuring Subsequently Defaulted

	Three Months Ended March 31,
	2013				2012
Troubled Debt Restructurings that Subsequently Defaulted	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Construction, land development and other land loans		4	$	236		1	$	299
Secured by 1-4 family residential properties		19		1,506		3		1,382
Total		23	$	1,742		4	$	1,681

Troubled Debt Restructuring Related To Loans Held for Investment, Excluding Covered Loans, by Loan Type

At March 31, 2013 and December 31, 2012, the following table details LHFI classified as TDRs by loan type ($ in thousands):

	March 31, 2013
	Accruing		Nonaccrual		Total
Construction, land development and other land loans	$	231	$	10,720	$	10,951
Secured by 1-4 family residential properties		1,163		5,528		6,691
Secured by nonfarm, nonresidential properties		-		3,454		3,454
Other loans secured by real estate		-		2,677		2,677
Commercial and industrial		-		936		936
Total Troubled Debt Restructurings by Type	$	1,394	$	23,315	$	24,709

	December 31, 2012
	Accruing		Nonaccrual		Total
Construction, land development and other land loans	$	233	$	12,073	$	12,306
Secured by 1-4 family residential properties		1,280		5,908		7,188
Secured by nonfarm, nonresidential properties		-		4,582		4,582
Other loans secured by real estate		-		197		197
Total Troubled Debt Restructurings by Type	$	1,513	$	22,760	$	24,273

Carrying Amount of Loans by Credit Quality Indicator

The table below illustrates the carrying amount of LHFI by credit quality indicator at March 31, 2013 and December 31, 2012 ($ in thousands):

	March 31, 2013
			Commercial LHFI
			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			$	360,197	$	23,060	$	59,289	$	229	$	442,775
Secured by 1-4 family residential properties				110,110		2,288		11,387		131		123,916
Secured by nonfarm, nonresidential properties				1,279,133		12,323		92,932		313		1,384,701
Other				167,063		340		2,577		-		169,980
Commercial and industrial loans				1,131,149		41,159		32,776		1,545		1,206,629
Consumer loans				366		-		-		-		366
Other loans				676,708		50		4,327		756		681,841
			$	3,724,726	$	79,220	$	203,288	$	2,974	$	4,010,208

	Consumer LHFI
			Past Due		Past Due
	Current		30-89 Days		90 Days or More		Nonaccrual		Subtotal		Total LHFI
Loans secured by real estate:
Construction, land development and other land loans	$	41,948	$	491	$	-	$	205	$	42,644	$	485,419
Secured by 1-4 family residential properties		1,217,358		8,634		1,284		21,709		1,248,985		1,372,901
Secured by nonfarm, nonresidential properties		968		-		-		-		968		1,385,669
Other		4,533		147		-		20		4,700		174,680
Commercial and industrial loans		195		17		-		10		222		1,206,851
Consumer loans		157,200		2,183		228		276		159,887		160,253
Other loans		6,782		-		-		-		6,782		688,623
	$	1,428,984	$	11,472	$	1,512	$	22,220	$	1,464,188	$	5,474,396

	December 31, 2012
			Commercial LHFI
			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			$	335,179	$	23,812	$	63,832	$	143	$	422,966
Secured by 1-4 family residential properties				110,333		1,012		13,303		432		125,080
Secured by nonfarm, nonresidential properties				1,298,820		12,156		98,082		-		1,409,058
Other				178,790		444		5,768		-		185,002
Commercial and industrial loans				1,091,356		36,992		39,479		1,334		1,169,161
Consumer loans				404		-		-		-		404
Other loans				676,618		59		1,714		784		679,175
			$	3,691,500	$	74,475	$	222,178	$	2,693	$	3,990,846

	Consumer LHFI
			Past Due		Past Due
	Current		30-89 Days		90 Days or More		Nonaccrual		Subtotal		Total LHFI
Loans secured by real estate:
Construction, land development and other land loans	$	44,131	$	1,109	$	-	$	769	$	46,009	$	468,975
Secured by 1-4 family residential properties		1,339,000		10,332		2,630		20,438		1,372,400		1,497,480
Secured by nonfarm, nonresidential properties		1,206		-		-		-		1,206		1,410,264
Other		4,746		150		-		51		4,947		189,949
Commercial and industrial loans		313		29		-		10		352		1,169,513
Consumer loans		167,131		3,481		285		359		171,256		171,660
Other loans		5,738		-		-		-		5,738		684,913
	$	1,562,265	$	15,101	$	2,915	$	21,627	$	1,601,908	$	5,592,754

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

LHFI past due 90 days or more totaled $2.8 million and $6.4 million at March 31, 2013 and December 31, 2012, respectively. The following table provides an aging analysis of past due and nonaccrual LHFI by class at March 31, 2013 and December 31, 2012 ($ in thousands):

	March 31, 2013
	Past Due
			90 Days						Current
	30-89 Days		or More(1)		Total		Nonaccrual		Loans		Total LHFI

Loans secured by real estate:
Construction, land development and other land loans	$	3,700	$	477	$	4,177	$	24,443	$	456,799	$	485,419
Secured by 1-4 family residential properties		9,205		1,285		10,490		27,149		1,335,262		1,372,901
Secured by nonfarm, nonresidential properties		7,666		250		7,916		17,880		1,359,873		1,385,669
Other		546		1		547		1,040		173,093		174,680
Commercial and industrial loans		1,258		533		1,791		9,053		1,196,007		1,206,851
Consumer loans		2,184		227		2,411		277		157,565		160,253
Other loans		499		-		499		3,480		684,644		688,623
Total	$	25,058	$	2,773	$	27,831	$	83,322	$	5,363,243	$	5,474,396

(1) - Past due 90 days or more but still accruing interest.

	December 31, 2012
	Past Due
			90 Days						Current
	30-89 Days		or More(1)		Total		Nonaccrual		Loans		Total LHFI

Loans secured by real estate:
Construction, land development and other land loans	$	4,957	$	438	$	5,395	$	27,105	$	436,475	$	468,975
Secured by 1-4 family residential properties		12,626		3,131		15,757		27,114		1,454,609		1,497,480
Secured by nonfarm, nonresidential properties		9,460		-		9,460		18,289		1,382,515		1,410,264
Other		172		-		172		3,956		185,821		189,949
Commercial and industrial loans		4,317		2,525		6,842		4,741		1,157,930		1,169,513
Consumer loans		3,480		284		3,764		360		167,536		171,660
Other loans		181		-		181		798		683,934		684,913
Total	$	35,193	$	6,378	$	41,571	$	82,363	$	5,468,820	$	5,592,754

(1) - Past due 90 days or more but still accruing interest.

Change in Allowance For Loan Losses

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

	Three Months Ended March 31,
	2013			2012
Balance at January 1,	$	78,738		$	89,518
Loans charged-off		(3,325	)		(5,376	)
Recoveries		4,455			3,444
Net recoveries (charge-offs)		1,130			(1,932	)
Provision for loan losses, LHFI		(2,968	)		3,293
Balance at March 31,	$	76,900		$	90,879

The following tables detail the balance in the allowance for loan losses, LHFI by portfolio segment at March 31, 2013 and 2012 ($ in thousands):

	2013
	Balance							Provision for			Balance
	January 1,		Charge-offs			Recoveries		Loan Losses			March 31,
Loans secured by real estate:
Construction, land development and other land loans	$	21,838	$	(297	)	$	-	$	(1,964	)	$	19,577
Secured by 1-4 family residential properties		12,957		(209	)		59		(1,083	)		11,724
Secured by nonfarm, nonresidential properties		21,096		(168	)		-		(896	)		20,032
Other		2,197		(910	)		-		53			1,340
Commercial and industrial loans		14,319		(40	)		2,031		1,360			17,670
Consumer loans		3,087		(634	)		1,451		(876	)		3,028
Other loans		3,244		(1,067	)		914		438			3,529
Total allowance for loan losses, LHFI	$	78,738	$	(3,325	)	$	4,455	$	(2,968	)	$	76,900

						Disaggregated by Impairment Method
						Individually		Collectively			Total
Loans secured by real estate:
Construction, land development and other land loans						$	3,514	$	16,063		$	19,577
Secured by 1-4 family residential properties							1,117		10,607			11,724
Secured by nonfarm, nonresidential properties							2,170		17,862			20,032
Other							32		1,308			1,340
Commercial and industrial loans							3,584		14,086			17,670
Consumer loans							2		3,026			3,028
Other loans							594		2,935			3,529
Total allowance for loan losses, LHFI						$	11,013	$	65,887		$	76,900

	2012
	Balance							Provision for			Balance
	January 1,		Charge-offs			Recoveries		Loan Losses			March 31,
Loans secured by real estate:
Construction, land development and other land loans	$	27,220	$	(1,526	)	$	-	$	21		$	25,715
Secured by 1-4 family residential properties		12,650		(716	)		208		598			12,740
Secured by nonfarm, nonresidential properties		24,358		(127	)		-		3,653			27,884
Other		3,079		(234	)		-		176			3,021
Commercial and industrial loans		15,868		(331	)		821		(320	)		16,038
Consumer loans		3,656		(1,038	)		1,352		(766	)		3,204
Other loans		2,687		(1,404	)		1,063		(69	)		2,277
Total allowance for loan losses, LHFI	$	89,518	$	(5,376	)	$	3,444	$	3,293		$	90,879

						Disaggregated by Impairment Method
						Individually		Collectively			Total
Loans secured by real estate:
Construction, land development and other land loans						$	5,963	$	19,752		$	25,715
Secured by 1-4 family residential properties							1,240		11,500			12,740
Secured by nonfarm, nonresidential properties							5,443		22,441			27,884
Other							1,002		2,019			3,021
Commercial and industrial loans							1,168		14,870			16,038
Consumer loans							7		3,197			3,204
Other loans							65		2,212			2,277
Total allowance for loan losses, LHFI						$	14,888	$	75,991		$	90,879