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Loans Receivable, Net (Tables)
9 Months Ended
Sep. 30, 2012
Receivables [Abstract]  
Summary of activity in the ALLL
 
Three Months ended September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
137,459

 
18,139

 
79,098

 
20,570

 
10,904

 
8,748

Provision for loan losses
2,700

 
209

 
(1,210
)
 
2,859

 
(555
)
 
1,397

Charge-offs
(5,052
)
 
(1,172
)
 
(586
)
 
(1,441
)
 
(1,044
)
 
(809
)
Recoveries
1,553

 
73

 
453

 
241

 
679

 
107

Balance at end of period
$
136,660

 
17,249

 
77,755

 
22,229

 
9,984

 
9,443

 
 
Three Months ended September 30, 2011
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
139,795

 
17,412

 
79,885

 
19,615

 
13,625

 
9,258

Provision for loan losses
17,175

 
2,846

 
9,729

 
2,399

 
1,444

 
757

Charge-offs
(19,980
)
 
(1,030
)
 
(14,531
)
 
(1,557
)
 
(1,448
)
 
(1,414
)
Recoveries
1,103

 
35

 
607

 
166

 
225

 
70

Balance at end of period
$
138,093

 
19,263

 
75,690

 
20,623

 
13,846

 
8,671

 
 
Nine Months ended September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
137,516

 
17,227

 
76,920

 
20,833

 
13,616

 
8,920

Provision for loan losses
19,250

 
2,294

 
11,800

 
4,163

 
(1,025
)
 
2,018

Charge-offs
(24,789
)
 
(2,492
)
 
(13,120
)
 
(3,797
)
 
(3,402
)
 
(1,978
)
Recoveries
4,683

 
220

 
2,155

 
1,030

 
795

 
483

Balance at end of period
$
136,660

 
17,249

 
77,755

 
22,229

 
9,984

 
9,443

 
 
Nine Months ended September 30, 2011
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
137,107

 
20,957

 
76,147

 
19,932

 
13,334

 
6,737

Provision for loan losses
55,825

 
2,143

 
33,426

 
9,006

 
3,859

 
7,391

Charge-offs
(58,298
)
 
(4,187
)
 
(35,850
)
 
(8,723
)
 
(3,751
)
 
(5,787
)
Recoveries
3,459

 
350

 
1,967

 
408

 
404

 
330

Balance at end of period
$
138,093

 
19,263

 
75,690

 
20,623

 
13,846

 
8,671

Summary of recorded investment in loans and ALLL on a portfolio class basis
 
September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
18,562

 
3,252

 
8,410

 
4,436

 
257

 
2,207

Collectively evaluated for impairment
118,098

 
13,997

 
69,345

 
17,793

 
9,727

 
7,236

Total allowance for loan and lease losses
$
136,660

 
17,249

 
77,755

 
22,229

 
9,984

 
9,443

Loans receivable
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
226,440

 
29,945

 
141,717

 
35,672

 
12,054

 
7,052

Collectively evaluated for impairment
3,181,654

 
498,232

 
1,510,335

 
585,235

 
394,850

 
193,002

Total loans receivable
$
3,408,094

 
528,177

 
1,652,052

 
620,907

 
406,904

 
200,054

 
 
December 31, 2011
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Allowance for loan and lease losses
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
18,828

 
2,659

 
9,756

 
4,233

 
584

 
1,596

Collectively evaluated for impairment
118,688

 
14,568

 
67,164

 
16,600

 
13,032

 
7,324

Total allowance for loan and lease losses
$
137,516

 
17,227

 
76,920

 
20,833

 
13,616

 
8,920

Loans receivable
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
258,659

 
24,453

 
162,959

 
49,962

 
14,750

 
6,535

Collectively evaluated for impairment
3,207,476

 
492,354

 
1,509,100

 
573,906

 
425,819

 
206,297

Total loans receivable
$
3,466,135

 
516,807

 
1,672,059

 
623,868

 
440,569

 
212,832

Summary of impaired loans by portfolio class of loans
 
At or for the Three or Nine Months ended September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
Recorded balance
$
74,256

 
11,663

 
34,943

 
22,354

 
804

 
4,492

Unpaid principal balance
84,807

 
11,787

 
44,929

 
22,743

 
852

 
4,496

Specific valuation allowance
18,562

 
3,252

 
8,410

 
4,436

 
257

 
2,207

Average balance - three months
78,067

 
15,010

 
35,513

 
21,981

 
1,326

 
4,237

Average balance - nine months
80,131

 
14,163

 
37,807

 
23,030

 
1,398

 
3,733

Loans without a specific valuation allowance

 
 
 
 
 
 
 
 
 
 
Recorded balance
$
152,184

 
18,282

 
106,774

 
13,318

 
11,250

 
2,560

Unpaid principal balance
164,411

 
19,041

 
116,157

 
14,863

 
11,753

 
2,597

Average balance - three months
154,105

 
16,771

 
107,599

 
15,207

 
11,452

 
3,076

Average balance - nine months
168,387

 
15,411

 
115,520

 
21,569

 
12,562

 
3,325

Totals

 
 
 
 
 
 
 
 
 
 
Recorded balance
$
226,440

 
29,945

 
141,717

 
35,672

 
12,054

 
7,052

Unpaid principal balance
249,218

 
30,828

 
161,086

 
37,606

 
12,605

 
7,093

Specific valuation allowance
18,562

 
3,252

 
8,410

 
4,436

 
257

 
2,207

Average balance - three months
232,172

 
31,781

 
143,112

 
37,188

 
12,778

 
7,313

Average balance - nine months
248,518

 
29,574

 
153,327

 
44,599

 
13,960

 
7,058

 
 
At or for the Year ended December 31, 2011
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
Recorded balance
$
77,717

 
11,111

 
39,971

 
22,087

 
1,219

 
3,329

Unpaid principal balance
85,514

 
11,177

 
47,569

 
22,196

 
1,238

 
3,334

Specific valuation allowance
18,828

 
2,659

 
9,756

 
4,233

 
584

 
1,596

Average balance
66,871

 
10,330

 
38,805

 
13,395

 
1,284

 
3,057

Loans without a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
Recorded balance
$
180,942

 
13,342

 
122,988

 
27,875

 
13,531

 
3,206

Unpaid principal balance
208,828

 
14,741

 
139,962

 
35,174

 
15,097

 
3,854

Average balance
168,983

 
14,730

 
123,231

 
19,963

 
8,975

 
2,084

Totals
 
 
 
 
 
 
 
 
 
 
 
Recorded balance
$
258,659

 
24,453

 
162,959

 
49,962

 
14,750

 
6,535

Unpaid principal balance
294,342

 
25,918

 
187,531

 
57,370

 
16,335

 
7,188

Specific valuation allowance
18,828

 
2,659

 
9,756

 
4,233

 
584

 
1,596

Average balance
235,854

 
25,060

 
162,036

 
33,358

 
10,259

 
5,141

Loan portfolio aging analysis on a portfolio class basis
 
September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Accruing loans 30-59 days past due
$
19,937

 
663

 
11,959

 
3,828

 
2,441

 
1,046

Accruing loans 60-89 days past due
8,497

 
1,150

 
3,946

 
984

 
1,721

 
696

Accruing loans 90 days or more past due
3,271

 
551

 
787

 
1,301

 
356

 
276

Non-accrual loans
115,856

 
18,941

 
71,721

 
14,178

 
7,738

 
3,278

Total past due and non-accrual loans
147,561

 
21,305

 
88,413

 
20,291

 
12,256

 
5,296

Current loans receivable
3,260,533

 
506,872

 
1,563,639

 
600,616

 
394,648

 
194,758

Total loans receivable
$
3,408,094

 
528,177

 
1,652,052

 
620,907

 
406,904

 
200,054

 
 
December 31, 2011
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Accruing loans 30-59 days past due
$
31,386

 
9,038

 
12,683

 
3,279

 
4,092

 
2,294

Accruing loans 60-89 days past due
17,700

 
2,678

 
11,660

 
1,034

 
1,276

 
1,052

Accruing loans 90 days or more past due
1,413

 
59

 
108

 
1,060

 
156

 
30

Non-accrual loans
133,689

 
11,881

 
87,956

 
21,685

 
10,272

 
1,895

Total past due and non-accrual loans
184,188

 
23,656

 
112,407

 
27,058

 
15,796

 
5,271

Current loans receivable
3,281,947

 
493,151

 
1,559,652

 
596,810

 
424,773

 
207,561

Total loans receivable
$
3,466,135

 
516,807

 
1,672,059

 
623,868

 
440,569

 
212,832

Summary of troubled debt restructurings
 
Three Months ended September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
Number of loans
46

 
1

 
21

 
19

 
2

 
3

Pre-modification recorded balance
$
38,125

 
280

 
20,866

 
16,601

 
219

 
159

Post-modification recorded balance
$
35,475

 
281

 
18,242

 
16,571

 
222

 
159

Troubled debt restructurings that subsequently defaulted
 
 
 
 
 
 
 
 
 
 
 
Number of loans
3

 
2

 

 

 
1

 

Recorded balance
$
1,792

 
1,622

 

 

 
170

 


 
Nine Months ended September 30, 2012
(Dollars in thousands)
Total
 
Residential
Real Estate
 
Commercial
Real Estate
 
Other
Commercial
 
Home
Equity
 
Other
Consumer
Troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
Number of loans
149

 
9

 
61

 
60

 
9

 
10

Pre-modification recorded balance
$
66,580

 
1,981

 
37,712

 
25,033

 
1,314

 
540

Post-modification recorded balance
$
61,944

 
1,982

 
33,080

 
25,025

 
1,317

 
540

Troubled debt restructurings that subsequently defaulted
 
 
 
 
 
 
 
 
 
 
 
Number of loans
17

 
2

 
10

 
3

 
1

 
1

Recorded balance
$
10,204

 
1,622

 
7,553

 
801

 
170

 
58