As discussed earlier, classified assets declined during the quarter and compared to a year ago. The increase in non-performing loans on a linked quarter basis was more than offset by the decline in potential problem loans and OREO.
The following table presents a summary of classified assets (excluding loans held for sale, credit-impaired loans and OREO that were acquired as part of our FDIC-assisted transactions) as of the dates indicated (dollars in thousands):
|Non-accrual loans (1)||$||115,387||$||104,813||$||113,077||$||124,011||$||129,309|
|Loans 90 days or more past due, still accruing interest||1,599||470||453||679||82|
|Total non-performing loans||116,986||105,283||113,530||124,690||129,391|
|Total non-performing assets||154,736||147,823||163,280||187,848||207,999|
|Potential problem loans||111,553||134,289||141,066||159,440||149,756|
|Total classified assets||$||266,289||$||282,112||$||304,346||$||347,288||$||357,755|
|Total allowance for loan losses||$||124,204||$||121,182||$||121,756||$||125,431||$||126,798|
|Accruing restructured loans (2)||$||21,256||$||17,929||$||16,536||$||24,145||$||37,996|
|Total non-performing loans to total loans||2.03||%||1.87||%||1.98||%||2.15||%||2.17||%|
|Total non-performing assets to total assets||1.62||%||1.56||%||1.72||%||1.94||%||2.12||%|
|Allowance for loan losses to non-performing loans||106.17||%||115.10||%||107.25||%||100.59||%||98.00||%|
|(1)||Includes $25.4 million, $27.1 million, $32.7 million, $34.7 million and $42.5 million of restructured loans on non-accrual status at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.|
|(2)||Accruing restructured loans consists primarily of residential real estate and home equity loans that have been modified and are performing in accordance with those modified terms as of the dates indicated.|
The following table presents data related to non-performing loans by category (excluding loans held for sale and credit-impaired loans that were acquired as part of our FDIC-assisted transactions) as of the dates indicated (dollars in thousands):
|Commercial and lease||$||25,517||$||22,648||$||24,402||$||34,471||$||36,995|
|Commercial real estate||59,508||55,387||62,512||70,939||76,551|
|Construction real estate||1,028||1,225||1,470||1,553||1,145|
|Total non-performing loans||$||116,986||$||105,283||$||113,530||$||124,690||$||129,391|
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