Portfolio Assets (Tables) (Portfolio Assets)

12 Months Ended

Dec. 31, 2012

Portfolio Assets

Loan and real estate portfolios

Summary of loans receivable

	December 31, 2012 (Dollars in thousands)
	Carrying Value		Allowance for Loan Losses		Carrying Value, net
Loan Portfolios:
Purchased Credit-Impaired Loans
Domestic:
Commercial real estate	$	28,487	$	—	$	28,487
Business assets		4,047		26		4,021
Other		3,087		—		3,087
Latin America—commercial real estate		1,034		327		707
Europe—commercial real estate		3,449		—		3,449
Other		5,194		41		5,153
Total Loan Portfolios	$	45,298	$	394		44,904
Real estate held for sale, net						10,171
Total Portfolio Assets					$	55,075

	December 31, 2011 (Dollars in thousands)
	Carrying Value		Allowance for Loan Losses		Carrying Value, net
Loan Portfolios:
Purchased Credit-Impaired Loans
Domestic:
Commercial real estate	$	73,154	$	553	$	72,601
Business assets		10,742		185		10,557
Other		3,754		38		3,716
Latin America—commercial real estate		50		—		50
Europe—commercial real estate		4,267		—		4,267
Other		5,904		5		5,899
Total Loan Portfolios	$	97,871	$	781		97,090
Real estate held for sale, net						26,856
Total Portfolio Assets					$	123,946

Summary of income from portfolio assets

	Year Ended December 31,
	2012		2011
	(Dollars in thousands)
Loan Portfolios:
Purchased Credit-Impaired Loans	$	23,363	$	37,481
Purchased performing loans		312		445
UBN		—		1,760
Other		169		192
Real Estate Portfolios		2,863		744
Income from Portfolio Assets	$	26,707	$	40,622

Schedule of changes in accretable yield related to purchased credit-impaired loans

	Year Ended December 31,
	2012			2011
	(Dollars in thousands)
Beginning Balance	$	4,732		$	1,380
Accretion		(600	)		(4,321	)
Reclassification from (to) nonaccretable difference		(2,040	)		4,253
Disposals		(2,092	)		(5,488	)
Transfer from non-accrual		—			8,912
Translation adjustments		—			(4	)
Ending Balance	$	—		$	4,732

Schedule of acquisitions of purchased credit-impaired loans

	Year Ended December 31,
	2012		2011
	(Dollars in thousands)
Face value at acquisition	$	11,270	$	31,859
Cash flows expected to be collected at acquisition, net of adjustments		6,544		19,803
Basis in acquired loans at acquisition		4,120		14,329

Schedule of changes in the allowance for loan losses

	Purchased Credit-Impaired Loans																		Other
	Domestic									Latin America
(dollars in thousands)	Commercial Real Estate			Business Assets			Other			Commercial Real Estate			Residential Real Estate			Europe			UBN(1)			Other			Total
Beginning balance,
January 1, 2011	$	354		$	252		$	90		$	260		$	—		$	866		$	43,291		$	49		$	45,162
Provisions		1,702			519			24			103			64			—			—			199			2,611
Recoveries		(164	)		(13	)		(7	)		—			—			—			(719	)		(28	)		(931	)
Charge offs		(1,339	)		(573	)		(69	)		—			—			(856	)		(701	)		(215	)		(3,753	)
Removal upon sale of loans(1)		—			—			—			—			—			—			(45,002	)		—			(45,002	)
Transfer to "held for sale" classification (see Note 4)		—			—			—			(317	)		(62	)		—			—			—			(379	)
Translation adjustments		—			—			—			(46	)		(2	)		(10	)		3,131			—			3,073
Ending balance, December 31, 2011		553			185			38			—			—			—			—			5			781
Provisions		1,996			329			15			100			—			—			—			130			2,570
Recoveries		(21	)		(87	)		—			—			—			—			—			—			(108	)
Charge offs		(2,528	)		(401	)		(53	)		—			—			—			—			(94	)		(3,076	)
Transfer from "held for sale" classification (see Note 4)		—			—			—			210			—			—			—			—			210
Translation adjustments		—			—			—			17			—			—			—			—			17
Ending balance, December 31, 2012	$	—		$	26		$	—		$	327		$	—		$	—		$	—		$	41		$	394

(1)

The Company sold the underlying UBN loan portfolio in November 2011—refer to Note 1(f).

Schedule of recorded investment in loan portfolio assets by credit quality indicator

	December 31, 2012		December 31, 2011
	(Dollars in thousands)
Commercial real estate	$	32,643	$	76,918
Business assets		4,021		10,557
Other commercial		8,240		9,615
	$	44,904	$	97,090