Loans (Tables)

12 Months Ended

Dec. 31, 2012

Loans, Net of Unearned Income

Loans, net of unearned income, consisted of the following:

	December 31, 2012		December 31, 2011
	(In thousands)
Originated loans:
Commercial non-real estate	$	2,713,385	$	1,525,409
Construction and land development		665,673		540,806
Commercial real estate		1,548,402		1,259,757
Residential mortgages		827,985		487,147
Consumer		1,351,776		1,074,611
Total originated loans	$	7,107,221	$	4,887,730
Acquired loans:
Commercial non-real estate	$	1,690,643	$	2,236,758
Construction and land development		295,151		603,371
Commercial real estate		1,279,546		1,656,515
Residential mortgages		486,444		734,669
Consumer		202,974		386,540
Total acquired loans	$	3,954,758	$	5,617,853
Covered loans:
Commercial non-real estate	$	29,260	$	38,063
Construction and land development		28,482		118,828
Commercial real estate		95,146		82,651
Residential mortgages		263,515		285,682
Consumer		99,420		146,219
Total covered loans	$	515,823	$	671,443
Total loans:
Commercial non-real estate	$	4,433,288	$	3,800,230
Construction and land development		989,306		1,263,005
Commercial real estate		2,923,094		2,998,923
Residential mortgages		1,577,944		1,507,498
Consumer		1,654,170		1,607,370
Total loans	$	11,577,802	$	11,177,026

Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans

The following schedules show activity in the allowance for loan losses for 2012 and 2011 by portfolio segment and the corresponding recorded investment in loans as of December 31, 2012 and December 31, 2011. The allowance activity is summarized for December 31, 2010 because the allowance for covered loans was insignificant.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	December 31, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	60,211		$	4,894		$	18,141		$	83,246
Charge-offs		(42,277	)		(6,275	)		(16,208	)		(64,760	)
Recoveries		5,375			324			4,030			9,729
Net provision for loan losses		35,840			7,463			7,256			50,559
Increase in FDIC loss share receivable		—			—			—			—
Ending balance	$	59,149		$	6,406		$	13,219		$	78,774
Ending balance:
Individually evaluated for impairment	$	6,377		$	—		$	—		$	6,377
Ending balance:
Collectively evaluated for impairment	$	52,772		$	6,406		$	13,219		$	72,397
Loans:
Ending balance:	$	4,927,460		$	827,985		$	1,351,776		$	7,107,221
Ending balance:
Individually evaluated for impairment	$	70,555		$	2,721		$	—		$	73,276
Ending balance:
Collectively evaluated for impairment	$	4,856,905		$	825,264		$	1,351,776		$	7,033,945

Acquired loans:	Commercial			Residential mortgages		Consumer			Total
(In thousands)	December 31, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	—		$	—	$	—		$	—
Charge-offs		—			—		—			—
Recoveries		—			—		—			—
Net Provision for loan losses (a)		788			—		—			788
Increase in FDIC loss share receivable (a)		—			—		—			—
Ending balance	$	788		$	—	$	—		$	788
Ending balance:
Individually evaluated for impairment	$	788		$	—	$	—		$	788
Ending balance:
Collectively evaluated for impairment	$	—		$	—	$	—		$	—
Loans:
Ending balance:	$	3,265,340		$	486,444	$	202,974		$	3,954,758
Ending balance:
Individually evaluated for impairment	$	6,202		$	—	$	—		$	6,202
Ending balance:
Collectively evaluated for impairment	$	3,259,138		$	486,444	$	202,974		$	3,948,556
Covered loans:	Commercial			Residential mortgages		Consumer			Total
(In thousands)	December 31, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	18,203		$	9,024	$	14,408		$	41,635
Charge-offs		(29,947	)		—		(1,094	)		(31,041	)
Recoveries		4,894			—		78			4,972
Net provision for loan losses (a)		(895	)		11,948		(8,208	)		2,845
Increase in FDIC loss share receivable (a)		25,777			11,702		719			38,198
Ending balance	$	18,032		$	32,674	$	5,903		$	56,609
Ending balance:
Individually evaluated for impairment	$	—		$	—	$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	18,032		$	32,674	$	5,903		$	56,609
Loans:
Ending balance:	$	152,888		$	263,515	$	99,420		$	515,823
Ending balance:
Individually evaluated for impairment	$	3,707		$	393	$	—		$	4,100
Ending balance:
Collectively evaluated for impairment	$	149,181		$	263,122	$	99,420		$	511,723

Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	December 31, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	78,414		$	13,918		$	32,549		$	124,881
Charge-offs		(72,224	)		(6,275	)		(17,302	)		(95,801	)
Recoveries		10,269			324			4,108			14,701
Net provision for loan losses (a)		35,733			19,411			(952	)		54,192
Increase in FDIC loss share receivable (a)		25,777			11,702			719			38,198
Ending balance	$	77,969		$	39,080		$	19,122		$	136,171
Ending balance:
Individually evaluated for impairment	$	7,165		$	—		$	—		$	7,165
Ending balance:
Collectively evaluated for impairment	$	70,804		$	39,080		$	19,122		$	129,006
Loans:
Ending balance:	$	8,345,688		$	1,577,944		$	1,654,170		$	11,577,802
Ending balance:
Individually evaluated for impairment	$	80,464		$	3,114		$	—		$	83,578
Ending balance:
Collectively evaluated for impairment	$	8,265,224		$	1,574,830		$	1,654,170		$	11,494,224

(a) The Company increased the allowance by $41.0 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $38.2 million increase in the FDIC loss share receivable.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	December 31, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	19,840		$	81,325
Charge-offs		(43,654	)		(2,634	)		(12,500	)		(58,788	)
Recoveries		20,006			1,091			3,887			24,984
Net provision for loan losses		27,000			1,811			6,914			35,725
Increase in FDIC loss share receivable		—			—			—			—
Ending balance	$	60,211		$	4,894		$	18,141		$	83,246
Ending balance:
Individually evaluated for impairment	$	6,988		$	551		$	—		$	7,539
Ending balance:
Collectively evaluated for impairment	$	53,223		$	4,343		$	18,141		$	75,707
Loans:
Ending balance:	$	3,325,972		$	487,147		$	1,074,611		$	4,887,730
Ending balance:
Individually evaluated for impairment	$	28,034		$	4,090		$	—		$	32,124
Ending balance:
Collectively evaluated for impairment	$	3,297,938		$	483,057		$	1,074,611		$	4,855,606

Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	December 31, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	—		$	—		$	672		$	672
Charge-offs		(11,100	)		—			(375	)		(11,475	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		2,762			(179	)		424			3,007
Increase in FDIC loss share receivable (a)		26,541			9,203			13,687			49,431
Ending balance	$	18,203		$	9,024		$	14,408		$	41,635
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	18,203		$	9,024		$	14,408		$	41,635
Loans:
Ending balance:	$	239,542		$	285,682		$	146,219		$	671,443
Ending balance:
Individually evaluated for impairment	$	18,209		$	637		$	—		$	18,846
Ending balance:
Collectively evaluated for impairment	$	221,333		$	285,045		$	146,219		$	652,597

Total loans:	Commercial			Residential mortgages			Consumer			Total			Total
(In thousands)	December 31, 2011												2010
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	20,512		$	81,997		$	66,050
Charge-offs		(54,754	)		(2,634	)		(12,875	)		(70,263	)		(58,266	)
Recoveries		20,006			1,091			3,887			24,984			7,584
Net provision for loan losses (a)(c)		29,762			1,632			7,338			38,732			65,991
Increase in FDIC loss share receivable (a)(c)		26,541			9,203			13,687			49,431			638
Ending balance	$	78,414		$	13,918		$	32,549		$	124,881		$	81,997
Ending balance:
Individually evaluated for impairment	$	6,988		$	551		$	—		$	7,539		$	11,952
Ending balance:
Collectively evaluated for impairment	$	71,426		$	13,367		$	32,549		$	117,342		$	70,045
Loans:
Ending balance:	$	8,062,158		$	1,507,498		$	1,607,370		$	11,177,026		$	4,957,164
Ending balance:
Individually evaluated for impairment	$	46,243		$	4,727		$	—		$	50,970		$	62,454
Ending balance:
Collectively evaluated for impairment (d)	$	8,015,915		$	1,502,771		$	1,607,370		$	11,126,056		$	4,894,710
Ending balance:
Acquired loans (b)	$	4,496,644		$	734,669		$	386,540		$	5,617,853		$	—

(a) During 2011, the Company increased the allowance by $52.4 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $49.4 million increase in the FDIC loss share receivable.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance was established on these acquired loans in 2011. These loans are included in the ending balance of loans collectively evaluated for impairment.

(c) During 2010, the Company increased the allowance by $672 thousand for losses related to impairment on certain covered consumer loans. This provision was mostly offset by a $638 thousand increase in the FDIC loss share receivable.

(d) Covered loans of $809.2 million are included in the ending balance of loans collectively evaluated for impairment at December 31, 2010.

Schedule of Activity in Loss Share Receivable

The following schedule shows activity in the loss share receivable for 2012 and 2011:

(In thousands)	December 31,
	2012			2011
Balance, January 1	$	231,085		$	332,521
Discount accretion		5,000			16,689
Charge-offs, writedowns and other losses		45,459			48,540
External expenses qualifying under loss share agreements		11,276			15,088
Payments received from the FDIC		(114,976	)		(181,753	)
Balance, December 31	$	177,844		$	231,085

Summary of Composition of Non-Accrual Loans by Portfolio Segment

The following table shows the composition of non-accrual loans by portfolio segment and class. Acquired impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as non-accrual loans. Acquired performing loans that have subsequently been placed on non-accrual status are also disclosed below.

	December 31, 2012		December 31, 2011
	(In thousands)
Originated loans:
Commercial	$	91,908	$	55,046
Residential mortgages		7,705		24,406
Consumer		3,815		3,855
Total originated loans	$	103,428	$	83,307
Acquired loans:
Commercial	$	16,902	$	—
Residential mortgages		10,551		—
Consumer		2,634		1,117
Total acquired loans	$	30,087	$	1,117
Covered loans:
Commercial	$	3,707	$	18,209
Residential mortgages		393		637
Consumer		—		—
Total covered loans	$	4,100	$	18,846
Total loans:
Commercial	$	112,517	$	73,255
Residential mortgages		18,649		25,043
Consumer		6,449		4,972
Total loans	$	137,615	$	103,270

Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment

The table below details the troubled debt restructurings (TDR) that occurred during 2012 and 2011 by portfolio segment and troubled debt restructurings that subsequently defaulted within twelve months of modification (dollar amounts in thousands). A reserve analysis is completed on all loans that have been determined to be troubled debt restructurings by management. All troubled debt restructurings are rated substandard and are considered impaired in calculating the allowance for loan losses.

	2012						2011*
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		15	$	15,150	$	8,102		23	$	17,450	$	7,150
Residential mortgages		3		865		722		1		660		153
Consumer		—		—		—		—		—		—
Total originated loans		18	$	16,015	$	8,824		24	$	18,110	$	7,303
Aquired loans:
Commercial		4	$	4,823	$	4,764		—	$	—	$	—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total acquired loans		4	$	4,823	$	4,764		—	$	—	$	—
Covered loans:
Commercial		—	$	—	$	—		—	$	—	$	—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total covered loans		—	$	—	$	—		—	$	—	$	—
Total loans:
Commercial		19	$	19,973	$	12,866		23	$	17,450	$	7,150
Residential mortgages		3		865		722		1		660		153
Consumer		—		—		—		—		—		—
Total loans		22	$	20,838	$	13,588		24	$	18,110	$	7,303

	2012				2011
Troubled Debt Restructurings That	Number of		Recorded		Number of		Recorded
Subsequently Defaulted:	Contracts		Investment		Contracts		Investment
Originated loans:
Commercial		4	$	1,895		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		4	$	1,895		2	$	742
Acquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		4	$	1,895		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		4	$	1,895		2	$	742

* 2011 TDR numbers were restated to reflect TDR activity during the year rather than the period-end balance that was reported in the 2011 10K.

Summary of Impaired Loans Disaggregated by Class

The tables below present impaired loans disaggregated by class at December 31, 2012 and 2011:

December 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	34,705	$	55,101	$	—	$	23,793	$	464
Residential mortgages		2,721		4,874		—		3,255		155
Consumer		—		—		—		—		—
		37,426		59,975		—		27,048		619
With an allowance recorded:
Commercial		35,850		37,917		6,377		41,232		703
Residential mortgages		—		—		—		4,619		—
Consumer		—		—		—		—		—
		35,850		37,917		6,377		45,851		703
Total:
Commercial		70,555		93,018		6,377		65,025		1,167
Residential mortgages		2,721		4,874		—		7,874		155
Consumer		—		—		—		—		—
Total originated loans	$	73,276	$	97,892	$	6,377	$	72,899	$	1,322
Acquired loans:
With no related allowance recorded:
Commercial	$	—	$	—	$	—	$	—	$	—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded:
Commercial		6,202		6,386		788		1,551		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		6,202		6,386		788		1,551		—
Total:
Commercial		6,202		6,386		788		1,551		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
Total acquired loans	$	6,202	$	6,386	$	788	$	1,551	$	—
Covered loans:
With no related allowance recorded:
Commercial	$	3,707	$	10,208	$	—	$	6,008	$	—
Residential mortgages		393		787		—		446		—
Consumer		—		—		—		—		—
		4,100		10,995		—		6,454		—
With an allowance recorded:
Commercial		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
Total:
Commercial		3,707		10,208		—		6,008		—
Residential mortgages		393		787		—		446		—
Consumer		—		—		—		—		—
Total covered loans	$	4,100	$	10,995	$	—	$	6,454	$	—
Total loans:
With no related allowance recorded:
Commercial	$	38,412	$	65,309	$	—	$	29,801	$	464
Residential mortgages		3,114		5,661		—		3,701		155
Consumer		—		—		—		—		—
		41,526		70,970		—		33,502		619
With an allowance recorded:
Commercial		42,052		44,303		7,165		42,783		703
Residential mortgages		—		—		—		4,619		—
Consumer		—		—		—		—		—
		42,052		44,303		7,165		47,402		703
Total:
Commercial		80,464		109,612		7,165		72,584		1,167
Residential mortgages		3,114		5,661		—		8,320		155
Consumer		—		—		—		—		—
Total loans	$	83,578	$	115,273	$	7,165	$	80,904	$	1,322

December 31, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	10,177	$	24,935	$	—	$	13,992	$	359
Residential mortgages		1,153		1,957		—		1,087		58
Consumer		—		—		—		—		—
		11,330		26,892		—		15,079		417
With an allowance recorded:
Commercial		28,034		33,168		6,988		31,959		254
Residential mortgages		4,090		5,360		551		5,007		7
Consumer		—		—		—		—		—
		32,124		38,528		7,539		36,966		261
Total:
Commercial		38,211		58,103		6,988		45,951		613
Residential mortgages		5,243		7,317		551		6,094		65
Consumer		—		—		—		—		—
Total originated loans	$	43,454	$	65,420	$	7,539	$	52,045	$	678
Covered loans:
With no related allowance recorded:
Commercial	$	17,874	$	21,757	$	—	$	4,469	$	—
Residential mortgages		429		845		—		1,847		—
Consumer		—		—		—		—		—
		18,303		22,602		—		6,316		—
With an allowance recorded:
Commercial		335		335		9		27,765		—
Residential mortgages		208		228		19		52		—
Consumer
		543		563		28		27,817		—
Total:
Commercial		18,209		22,092		9		32,234		—
Residential mortgages		637		1,073		19		1,899		—
Consumer		—		—		—		—		—
Total covered loans	$	18,846	$	23,165	$	28	$	34,133	$	—
Total loans:
With no related allowance recorded:
Commercial	$	28,051	$	46,692	$	—	$	18,461	$	359
Residential mortgages		1,582		2,802		—		2,934		58
Consumer		—		—		—		—		—
		29,633		49,494		—		21,395		417
With an allowance recorded:
Commercial		28,369		33,503		6,997		59,724		254
Residential mortgages		4,298		5,588		570		5,059		7
Consumer		—		—		—		—		—
		32,667		39,091		7,567		64,783		261
Total:
Commercial		56,420		80,195		6,997		78,185		613
Residential mortgages		5,880		8,390		570		7,993		65
Consumer		—		—		—		—		—
Total loans	$	62,300	$	88,585	$	7,567	$	86,178	$	678

Summary of Age Analysis of Past Due Loans

The following table presents the age analysis of past due loans at December 31, 2012 and December 31, 2011:

December 31, 2012	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and accruing
	(In thousands)
Originated loans:
Commercial	$	24,398	$	16,508	$	46,355	$	87,261	$	4,840,199	$	4,927,460	$	5,262
Residential mortgages		11,500		3,303		4,100		18,903		809,082		827,985		—
Consumer		10,348		2,150		4,231		16,729		1,335,047		1,351,776		2,474
Total	$	46,246	$	21,961	$	54,686	$	122,893	$	6,984,328	$	7,107,221	$	7,736
Acquired loans:
Commercial	$	28,791	$	4,666	$	15,774	$	49,231	$	3,216,109	$	3,265,340	$	4,354
Residential mortgages		9,641		1,290		8,996		19,927		466,517		486,444		1,106
Consumer		1,282		430		2,170		3,882		199,092		202,974		47
Total	$	39,714	$	6,386	$	26,940	$	73,040	$	3,881,718	$	3,954,758	$	5,507
Covered loans:
Commercial	$	—	$	—	$	3,707	$	3,707	$	149,181	$	152,888	$	—
Residential mortgages		—		—		393		393		263,122		263,515		—
Consumer		—		—		—		—		99,420		99,420		—
Total	$	—	$	—	$	4,100	$	4,100	$	511,723	$	515,823	$	—
Total loans:
Commercial	$	53,189	$	21,174	$	65,836	$	140,199	$	8,205,489	$	8,345,688	$	9,616
Residential mortgages		21,141		4,593		13,489		39,223		1,538,721		1,577,944		1,106
Consumer		11,630		2,580		6,401		20,611		1,633,559		1,654,170		2,521
Total	$	85,960	$	28,347	$	85,726	$	200,033	$	11,377,769	$	11,577,802	$	13,243

December 31, 2011	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and accruing
	(In thousands)
Originated loans:
Commercial	$	23,996	$	943	$	58,867	$	83,806	$	3,242,166	$	3,325,972	$	3,821
Residential mortgages		17,884		4,364		25,400		47,648		439,499		487,147		994
Consumer		1,803		2,481		3,911		8,195		1,066,416		1,074,611		56
Total	$	43,683	$	7,788	$	88,178	$	139,649	$	4,748,081	$	4,887,730	$	4,871
Acquired loans:
Commercial	$	—	$	—	$	—	$	—	$	4,496,644	$	4,496,644	$	—
Residential mortgages		—		—		—		—		734,669		734,669		—
Consumer		1,698		430		2,126		4,254		382,286		386,540		1,009
Total	$	1,698	$	430	$	2,126	$	4,254	$	5,613,599	$	5,617,853	$	1,009
Covered loans:
Commercial	$	—	$	—	$	18,209	$	18,209	$	221,333	$	239,542	$	—
Residential mortgages		—		—		637		637		285,045		285,682		—
Consumer		—		—		—		—		146,219		146,219		—
Total	$	—	$	—	$	18,846	$	18,846	$	652,597	$	671,443	$	—
Total loans:
Commercial	$	23,996	$	943	$	77,076	$	102,015	$	7,960,143	$	8,062,158	$	3,821
Residential mortgages		17,884		4,364		26,037		48,285		1,459,213		1,507,498		994
Consumer		3,501		2,911		6,037		12,449		1,594,921		1,607,370		1,065
Total	$	45,381	$	8,218	$	109,150	$	162,749	$	11,014,277	$	11,177,026	$	5,880

Schedule of Credit Quality Indicators of Various Classes of Loans

The following table presents the credit quality indicators of the Company’s various classes of loans at December 31, 2012 and December 31, 2011. December 31, 2011 commercial-originated and commercial-acquired, pass and substandard grades, were restated due to the correction of a misclassification. Commercial-originated pass was overstated with commercial-originated substandard understated by $91.6 million. Commercial-acquired pass was understated and commercial-acquired substandard was overstated by the same amount. Portfolio totals by risk grade were unchanged.

Commercial Credit Exposure
Credit Risk Profile by Internally Assigned Grade
	December 31, 2012								December 31, 2011
	Commercial - originated		Commercial - acquired		Commercial - covered		Total commercial		Commercial - originated		Commercial - acquired		Commercial - covered		Total commercial
	(In thousands)								(In thousands)
Grade:
Pass	$	4,521,932	$	3,011,320	$	21,881	$	7,555,133	$	3,019,100	$	3,974,463	$	16,843	$	7,010,406
Pass-Watch		82,605		71,405		21,117		175,127		76,393		60,042		13,606		150,041
Special Mention		83,985		39,631		7,433		131,049		35,155		125,852		9,368		170,375
Substandard		238,486		142,618		49,041		430,145		194,900		334,357		124,371		653,628
Doubtful		452		366		53,416		54,234		424		1,930		75,242		77,596
Loss		—		—		—		—		—		—		112		112
Total	$	4,927,460	$	3,265,340	$	152,888	$	8,345,688	$	3,325,972	$	4,496,644	$	239,542	$	8,062,158

Schedule of Credit Risk Profile by Internally Assigned Grade

Residential Mortgage Credit Exposure
Credit Risk Profile by Internally Assigned Grade
	December 31, 2012								December 31, 2011
	Residential mortgages - originated		Residential mortgages - acquired		Residential mortgages - covered		Total residential mortgages		Residential mortgages - originated		Residential mortgages - acquired		Residential mortgages - covered		Total residential mortgages
	(In thousands)								(In thousands)
Grade:
Pass	$	804,007	$	444,571	$	124,605	$	1,373,183	$	460,261	$	673,751	$	120,180	$	1,254,192
Pass-Watch		3,794		5,096		15,420		24,310		7,499		1,773		18,133		27,405
Special Mention		701		5,251		3,195		9,147		542		9,686		3,286		13,514
Substandard		19,483		31,478		95,137		146,098		18,845		48,581		139,643		207,069
Doubtful		—		48		25,158		25,206		—		878		4,440		5,318
Loss		—		—		—		—		—		—		—		—
Total	$	827,985	$	486,444	$	263,515	$	1,577,944	$	487,147	$	734,669	$	285,682	$	1,507,498

Credit Risk Profile Based on Payment Activity

Consumer Credit Exposure
Credit Risk Profile Based on Payment Activity
	December 31, 2012								December 31, 2011
	Consumer - originated		Consumer - acquired		Consumer - covered		Total Consumer		Consumer - originated		Consumer - acquired		Consumer - covered		Total Consumer
	(In thousands)								(In thousands)
Performing	$	1,347,961	$	200,340	$	99,420	$	1,647,721	$	1,070,756	$	385,423	$	146,219	$	1,602,398
Nonperforming		3,815		2,634		—		6,449		3,855		1,117		—		4,972
Total	$	1,351,776	$	202,974	$	99,420	$	1,654,170	$	1,074,611	$	386,540	$	146,219	$	1,607,370

Changes in Carrying Amount of Covered Acquired Loans and Accretable Yield for Loans Receivable

Changes in the carrying amount of acquired impaired loans and accretable yield are presented in the following table for the years ended December 31, 2012 and 2011:

	December 31, 2012												December 31, 2011
	Covered						Non-covered						Covered						Non-covered
	Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield
(In thousands)
Balance at beginning of period	$	671,443		$	153,137		$	339,452		$	130,691		$	809,459		$	107,638		$	—		$	—
Additions		—			—			—			—			—			—			535,489			132,136
Payments received, net		(200,719	)		—			(250,338	)		—			(193,432	)		—			(206,306	)		—
Accretion		45,099			(45,099	)		52,087			(52,087	)		55,416			(55,416	)		10,269			(22,719	)
Decrease in expected cash flows based on actual cash flow and changes in cash flow assumptions		—			(19,326	)		—			23,688			—			(18,930	)		—			(26,630	)
Net transfers from (to) nonaccretable difference to accretable yield		—			26,882			—			100,894			—			119,845			—			47,904
Balance at end of period	$	515,823		$	115,594		$	141,201		$	203,186		$	671,443		$	153,137		$	339,452		$	130,691