At June 30, 2013, nonperforming assets amounted to $96.3 million, or 0.61 percent of the company's total loans and leases and OREO, compared to $133.3 million, or 0.98 percent, at June 30, 2012 and $103.1 million, or 0.68 percent, at March 31, 2013.

Nonaccrual loans at June 30, 2013 were $76.7 million, compared to $98.7 million at June 30, 2012 and $83.3 million at March 31, 2013. Criticized and classified loans declined from the first quarter of 2013, and overall credit trends remain favorable.
  As of As of As of
  June 30, 2013 March 31, 2013 June 30, 2012
Period-end Loans (in millions) Total Nonaccrual Total Nonaccrual Total Nonaccrual
Commercial $ 7,497.1 $ 11.7 $ 7,170.4 $ 7.3 $ 6,087.0 $ 19.0
Commercial Real Estate Mortgages  3,101.2  22.4  2,937.5  23.1  2,424.3  28.8
Residential Mortgages  4,153.1  10.6  4,027.7  9.1  3,822.6  14.1
Real Estate Construction  217.8  25.7  247.1  39.6  301.8  29.7
Home Equity Loans and Lines of Credit  700.7  6.3  696.7  4.1  741.3  6.5
Other Loans  149.4  0.0  137.5  0.1  130.2  0.6
Total Loans (1) $ 15,819.3 $ 76.7 $ 15,216.9 $ 83.3 $ 13,507.2 $ 98.7
Other Real Estate Owned (1)    19.6    19.8    34.6
Total Nonperforming Assets, excluding            
Covered Assets   $ 96.3   $ 103.1   $ 133.3
             
(1) Excludes covered loans, net of allowance, of $843.6 million, $909.6 million and $1.2 billion at June 30, 2013, March 31, 2013 and June 30, 2012, respectively, and covered other real estate owned of $41.8 million, $43.8 million and $82.8 million at June 30, 2013, March 31, 2013 and June 30, 2012, respectively.

In light of improving credit metrics across the board and net recoveries, the company recorded no provision for credit losses in the second quarter of 2013. The company recorded a $1.0 million provision in the second quarter of 2012 and no provision in the first quarter of 2013.

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