The following table presents a summary of non-performing assets, excluding loans held for sale, credit-impaired loans that were acquired as part of our FDIC-assisted transactions and OREO related to FDIC-assisted transactions, as of the dates indicated (dollar amounts in thousands):
|December 31,||September 30,||June 30,||March 31,||December 31,|
|Non-accrual loans (1)||$||129,309||$||140,979||$||149,905||$||318,923||$||362,441|
|Loans 90 days or more past due, still accruing interest||82||-||1,121||-||1|
|Total non-performing loans||129,391||140,979||151,026||318,923||362,442|
|Total non-performing assets||$||207,999||$||228,697||$||239,266||$||399,169||$||434,000|
|Total allowance for loan losses (2)||$||126,798||$||128,610||$||130,057||$||178,410||$||192,217|
|Accruing restructured loans (3)||$||37,996||$||34,321||$||35,037||$||31,819||$||22,543|
|Total non-performing loans to total loans||2.17%||2.42%||2.54%||5.01%||5.48%|
|Total non-performing assets to total assets||2.12%||2.30%||2.40%||3.96%||4.21%|
|Allowance for loan losses to non-performing loans||98.00%||91.23%||86.12%||55.94%||53.03%|
|(1)||Includes $42.5 million, $36.0 million, $22.5 million, $60.9 million, and $47.6 million of restructured loans on non-accrual status at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.|
|(2)||Includes $12.7 million and $13.6 million for unfunded credit commitments at March 31, 2011 and December 31, 2010, respectively.|
|(3)||Accruing restructured loans consists primarily of commercial, commercial real estate, and residential real estate loans that have been modified and are performing in accordance with those modified terms.|
The decreases in total non-performing loans and total non-performing assets from March 31, 2011 to June 30, 2011 were primarily due to the sale during the second quarter of 2011 of loans with an aggregate carrying amount of $281.6 million prior to the transfer to loans held for sale, $156.3 million of which were non-performing.
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