Loans Receivable, Net

6 Months Ended

Jun. 30, 2011

Loans Receivable, Net [Abstract]

Loans Receivable, Net

4)	Loans Receivable, Net
	The following schedules disclose the recorded investment in loans and ALLL on a portfolio class basis:

	Three Months ended June 30, 2011
				Residential			Commercial			Other			Home			Other
(Dollars in thousands)	Total			Real Estate			Real Estate			Commercial			Equity			Consumer
Allowance for loan and lease losses
Balance at beginning of period	$	140,829			17,004			80,098			20,960			14,206			8,561
Provision for loan losses		19,150			1,557			9,430			3,969			294			3,900
Charge-offs		(21,814	)		(1,388	)		(10,691	)		(5,413	)		(971	)		(3,351	)
Recoveries		1,630			239			1,048			99			96			148
Balance at end of period	$	139,795			17,412			79,885			19,615			13,625			9,258

	At or for the Six Months ended June 30, 2011
				Residential			Commercial			Other			Home			Other
(Dollars in thousands)	Total			Real Estate			Real Estate			Commercial			Equity			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		38,650			(703	)		23,697			6,607			2,415			6,634
Charge-offs		(38,318	)		(3,157	)		(21,319	)		(7,166	)		(2,303	)		(4,373	)
Recoveries		2,356			315			1,360			242			179			260
Balance at end of period	$	139,795			17,412			79,885			19,615			13,625			9,258
Allowance for loan and lease losses
Individually evaluated for impairment	$	13,895			1,606			9,431			1,480			216			1,162
Collectively evaluated for impairment		125,900			15,806			70,454			18,135			13,409			8,096
Total allowance for loan and lease losses	$	139,795			17,412			79,885			19,615			13,625			9,258
Loans receivable
Individually evaluated for impairment	$	208,892			24,963			146,544			23,000			9,129			5,256
Collectively evaluated for impairment		3,392,919			502,845			1,586,828			634,017			451,379			217,850
Total loans receivable	$	3,601,811			527,808			1,733,372			657,017			460,508			223,106

	December 31, 2010
			Residential		Commercial		Other		Home		Other
(Dollars in thousands)	Total		Real Estate		Real Estate		Commercial		Equity		Consumer
Allowance for loan and lease losses
Individually evaluated for impairment	$	16,871		2,793		10,184		2,649		504		741
Collectively evaluated for impairment		120,236		18,164		65,963		17,283		12,830		5,996
Total allowance for loan and lease losses	$	137,107		20,957		76,147		19,932		13,334		6,737
Loans receivable
Individually evaluated for impairment	$	225,052		29,480		165,784		21,358		6,138		2,292
Collectively evaluated for impairment		3,524,237		603,397		1,630,719		633,230		476,999		179,892
Total loans receivable	$	3,749,289		632,877		1,796,503		654,588		483,137		182,184

Substantially all of the Company’s loan receivables are with customers within the Company’s market areas. Although the Company has a diversified loan portfolio, a substantial portion of its customers’ ability to honor their obligations is dependent upon the economic performance in the Company’s market areas. Net deferred fees, premiums, and discounts are included in the loan receivable balances of $4,508,000 and $6,001,000 at June 30, 2011 and December 31, 2010, respectively.

The following is a summary of activity in the ALLL:

	Three Months ended June 30,						Six Months ended June 30,
(Dollars in thousands)	2011			2010			2011			2010
Balance at beginning of the period	$	140,829			143,600			137,107			142,927
Provision for loan losses		19,150			17,246			38,650			38,156
Charge-offs		(21,814	)		(20,107	)		(38,318	)		(41,584	)
Recoveries		1,630			926			2,356			2,166
Balance at end of the period	$	139,795			141,665			139,795			141,665

The following schedules disclose the impaired loans by portfolio class of loans:

	At or for the Three or Six Months ended June 30, 2011
			Residential		Commercial		Other		Home		Other
(Dollars in thousands)	Total		Real Estate		Real Estate		Commercial		Equity		Consumer
Loans with a specific valuation allowance
Recorded balance	$	52,850		10,326		32,871		5,140		778		3,735
Unpaid principal balance		60,659		10,350		40,049		5,621		863		3,776
Valuation allowance		13,895		1,606		9,431		1,480		216		1,162
Average impaired loans — three months		56,996		7,531		35,989		8,299		1,278		3,899
Average impaired loans — six months		59,720		9,178		38,772		7,498		1,096		3,176
Loans without a specific valuation allowance
Recorded balance	$	156,042		14,637		113,673		17,860		8,351		1,521
Unpaid principal balance		185,783		16,614		132,408		25,178		9,367		2,216
Average impaired loans — three months		156,821		14,478		116,356		16,293		8,231		1,463
Average impaired loans — six months		157,842		15,321		118,053		16,015		7,290		1,163
Totals
Recorded balance	$	208,892		24,963		146,544		23,000		9,129		5,256
Unpaid principal balance		246,442		26,964		172,457		30,799		10,230		5,992
Valuation allowance		13,895		1,606		9,431		1,480		216		1,162
Average impaired loans — three months		213,817		22,009		152,345		24,592		9,509		5,362
Average impaired loans — six months		217,562		24,499		156,825		23,513		8,386		4,339

	At or for the Year ended December 31, 2010
			Residential		Commercial		Other		Home		Other
(Dollars in thousands)	Total		Real Estate		Real Estate		Commercial		Equity		Consumer
Loans with a specific valuation allowance
Recorded balance	$	65,170		12,473		44,338		5,898		732		1,729
Unpaid principal balance		73,195		12,970		50,614		6,934		945		1,732
Valuation allowance		16,871		2,793		10,184		2,649		504		741
Average impaired loans		71,192		10,599		51,627		5,773		1,514		1,679
Loans without a specific valuation allowance
Recorded balance	$	159,882		17,007		121,446		15,460		5,406		563
Unpaid principal balance		186,280		20,399		142,141		16,909		6,204		627
Average impaired loans		152,364		18,402		109,136		17,412		5,696		1,718
Totals
Recorded balance	$	225,052		29,480		165,784		21,358		6,138		2,292
Unpaid principal balance		259,475		33,369		192,755		23,843		7,149		2,359
Valuation allowance		16,871		2,793		10,184		2,649		504		741
Average impaired loans		223,556		29,001		160,763		23,185		7,210		3,397

The following is a loan portfolio aging analysis on a portfolio class basis:

	June 30, 2011
			Residential		Commercial		Other		Home		Other
(Dollars in thousands)	Total		Real Estate		Real Estate		Commercial		Equity		Consumer
Accruing loans 30-59 days or more past due	$	30,443		703		18,887		4,510		4,520		1,823
Accruing loans 60-89 days or more past due		10,708		2,968		4,427		1,294		1,283		736
Accruing loans 90 days or more past due		7,177		1,026		2,780		2,689		437		245
Non-accual loans		154,784		14,444		108,833		19,931		8,477		3,099
Total past due and non-accrual loans		203,112		19,141		134,927		28,424		14,717		5,903
Current loans receivable		3,398,699		508,667		1,598,445		628,593		445,791		217,203
Total loans receivable	$	3,601,811		527,808		1,733,372		657,017		460,508		223,106

	December 31, 2010
			Residential		Commercial		Other		Home		Other
(Dollars in thousands)	Total		Real Estate		Real Estate		Commercial		Equity		Consumer
Accruing loans 30-59 days or more past due	$	36,545		13,450		11,399		6,262		3,031		2,403
Accruing loans 60-89 days or more past due		8,952		1,494		4,424		1,053		1,642		339
Accruing loans 90 days or more past due		4,531		506		731		2,320		910		64
Non-accual loans		192,505		23,095		142,334		18,802		5,431		2,843
Total past due and non-accrual loans		242,533		38,545		158,888		28,437		11,014		5,649
Current loans receivable		3,506,756		594,332		1,637,615		626,151		472,123		176,535
Total loans receivable	$	3,749,289		632,877		1,796,503		654,588		483,137		182,184

The Company considers its impaired loans to be the primary credit quality indicator for monitoring the credit quality of the loan portfolio. Loans are designated impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement, and therefore, the Company has serious doubts as to the ability of such borrowers to fulfill the contractual obligation. Impaired loans include non-performing loans (i.e., non-accrual loans and accruing loans 90 days or more past due) and accruing loans under ninety days past due where it is probable payments will not be received according to the loan agreement (e.g., troubled debt restructuring). Loan impairment is measured in the same manner for each class within the loan portfolio. Interest income recognized on impaired loans for the periods ended June 30, 2011 and December 31, 2010 was not significant.