Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

Loans Receivable and Allowance for Loan Losses

	March 31, 2015
(In thousands)	Originated			Acquired		Total
Commercial and industrial	$	302,871		$	21,019	$	323,890
Real estate - commercial	1,171,692			96,975		1,268,667
Real estate - construction	486,656			4,129		490,785
Real estate - residential	399,238			7,129		406,367
Home equity lines	131,796			3,480		135,276
Consumer	4,065			704		4,769
	2,496,318			133,436		2,629,754
Net deferred fees	(4,324		)	—		(4,324		)
Loans receivable, net of fees	2,491,994			133,436		2,625,430
Allowance for loan losses	(28,884		)	—		(28,884		)
Loans receivable, net	$	2,463,110		$	133,436	$	2,596,546

	December 31, 2014
(In thousands)	Originated			Acquired		Total
Commercial and industrial	$	328,711		$	25,210	$	353,921
Real estate - commercial	1,154,093			103,761		1,257,854
Real estate - construction	424,745			10,163		434,908
Real estate - residential	393,894			8,784		402,678
Home equity lines	127,004			3,881		130,885
Consumer	4,341			742		5,083
	2,432,788			152,541		2,585,329
Net deferred fees	(4,215		)	—		(4,215		)
Loans receivable, net of fees	2,428,573			152,541		2,581,114
Allowance for loan losses	(28,275		)	—		(28,275		)
Loans receivable, net	$	2,400,298		$	152,541	$	2,552,839

Schedule of outstanding principal balance and related carrying amount of acquired loans

(in thousands)	March 31, 2015
Credit impaired acquired loans evaluated individually for future credit losses
Outstanding principal balance	$	15,750
Carrying amount	12,080

Other acquired loans
Outstanding principal balance	122,271
Carrying amount	121,356

Total acquired loans
Outstanding principal balance	138,021
Carrying amount	133,436

(in thousands)	December 31, 2014
Credit impaired acquired loans evaluated individually for future credit losses
Outstanding principal balance	$	19,176
Carrying amount	14,960

Other acquired loans
Outstanding principal balance	138,419
Carrying amount	137,581

Total acquired loans
Outstanding principal balance	157,595
Carrying amount	152,541

Schedule of changes in the accretable discount which includes income recognized from contractual interest cash flows

(in thousands)
Balance at January 1, 2015	$	(5,053	)
Charge-offs	$	504
Accretion	(36		)
Balance at March 31, 2015	$	(4,585	)

(in thousands)
Balance at January 1, 2014	$	—
Recorded discount at acquisition date	(3,872		)
Accretion	(1,181		)
Balance at December 31, 2014	$	(5,053	)

Schedule of analysis of the change in the allowance for loan losses

	2015			2014
Beginning balance, January 1	$	28,275		$	27,864

Provision for loan losses	130			1,926

Loans charged off:
Commercial and industrial	(3		)	(783		)
Residential	—			—
Consumer	(16		)	(2		)
Total loans charged off	(19		)	(785		)

Recoveries:
Commercial and industrial	485			7
Residential	10			81
Consumer	3			—
Total recoveries	498			88

Net recoveries (charge offs)	479			(697		)

Ending balance, March 31,	$	28,884		$	29,093

Schedule of analysis of the allowance for loan losses based on loan type, or segment, and the Company's loan portfolio, which identifies certain loans that are evaluated for individual or collective impairment

Allowance for Loan Losses

At and for the Three Months Ended March 31, 2015

(In thousands)

	Commercial and Industrial			Real Estate - Commercial			Real Estate - Construction		Real Estate - Residential			Home Equity Lines		Consumer			Total
Allowance for loan losses:
Beginning Balance, January 1	$	2,061		$	17,820		$	6,105	$	1,954		$	301	$	34		$	28,275
Charge-offs	(3		)	—			—		—			—		(16		)	(19		)
Recoveries	187			293			5		10			3		—			498
Provision for loan losses	(120		)	(398		)	613		(3		)	22		16			130
Ending Balance, March 31, 2015	$	2,125		$	17,715		$	6,723	$	1,961		$	326	$	34		$	28,884

Ending Balance, March 31, 2015
Individually evaluated for impairment	$	—		$	—		$	—	$	—		$	—	$	—		$	—
Collectively evaluated for impairment	2,125			17,715			6,723		1,961			326		34			28,884

Loans Receivable

At March 31, 2015

(In thousands)

	Commercial and Industrial		Real Estate - Commercial		Real Estate - Construction		Real Estate - Residential		Home Equity Lines		Consumer		Total
Loans Receivable:
Ending Balance, March 31, 2015	$	323,890	$	1,268,667	$	490,785	$	406,367	$	135,276	$	4,769	$	2,629,754

Ending Balance, March 31, 2015
Individually evaluated for impairment	$	1,171	$	273	$	250	$	—	$	51	$	—	$	1,745
Purchased Credit Impaired Loans	2,878		6,736		1,641		326		496		3		12,080
Collectively evaluated for impairment	319,841		1,261,658		488,894		406,041		134,729		4,766		2,615,929

Allowance for Loan Losses

At and for the Three Months Ended March 31, 2014

(In thousands)

	Commercial and Industrial			Real Estate - Commercial			Real Estate - Construction		Real Estate - Residential		Home Equity Lines		Consumer			Total
Allowance for loan losses:
Beginning Balance, January 1	$	3,329		$	16,076		$	5,336	$	2,421	$	609	$	93		$	27,864
Charge-offs	(262		)	(521		)	—		—		—		(2		)	(785		)
Recoveries	2			—			5		81		—		—			88
Provision for loan losses	893			449			380		205		—		(1		)	1,926
Ending Balance, March 31, 2014	$	3,962		$	16,004		$	5,721	$	2,707	$	609	$	90		$	29,093

Ending Balance, March 31, 2014
Individually evaluated for impairment	$	38		$	—		$	—	$	131	$	—	$	—		$	169
Collectively evaluated for impairment	3,924			16,004			5,721		2,576		609		90			28,924

Loans Receivable

At March 31, 2014

(In thousands)

	Commercial and Industrial		Real Estate - Commercial		Real Estate - Construction		Real Estate - Residential		Home Equity Lines		Consumer		Total
Loans Receivable:
Ending Balance, March 31, 2014	$	291,208	$	1,191,953	$	414,711	$	332,288	$	115,045	$	5,045	$	2,350,250

Ending Balance, March 31, 2014
Individually evaluated for impairment	$	299	$	1,738	$	496	$	346	$	51	$	—	$	2,930
Purchased Credit Impaired Loans	4,990		8,379		1,688		448		467		8		15,980
Collectively evaluated for impairment	285,919		1,181,836		412,527		331,494		114,527		5,037		2,331,340

Schedule of Company's nonaccrual and past due loans

Nonaccrual and Past Due Loans - Originated Loan Portfolio

At March 31, 2015

(In thousands)

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due (includes nonaccrual)		Total Past Due		Current		Total Loans		90 Days Past Due and Still Accruing		Nonaccrual Loans
Commercial and industrial	$	—	$	15	$	976	$	991	$	301,880	302,871		$	—	$	976

Real estate - commercial
Owner occupied	—		—		—		—		295,416		295,416		—		—
Non-owner occupied	—		—		273		273		876,003		876,276		—		273

Real estate - construction
Residential	—		—		—		—		172,391		172,391		—		—
Commercial	—		—		—		—		314,265		314,265		—		—

Real estate - residential
Single family	15		—		—		15		293,696		293,711		—		—
Multi-family	—		—		—		—		105,527		105,527		—		—

Home equity lines	243		—		51		294		131,502		131,796		—		51

Consumer
Installment	—		—		—		—		3,760		3,760		—		—
Credit cards	6		47		—		53		252		305		—		—
	$	264	$	62	$	1,300	$	1,626	$	2,494,692	$	2,496,318	$	—	$	1,300

Nonaccrual and Past Due Loans - Acquired Loan Portfolio

At March 31, 2015

(In thousands)

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due (includes nonaccrual)		Total Past Due		Current		Total Loans		90 Days Past Due and Still Accruing		Nonaccrual Loans
Commercial and industrial	$	—	$	—	$	572	$	572	$	20,447	21,019		$	—	$	572

Real estate - commercial
Owner occupied	—		—		—		—		44,241		44,241		—		—
Non-owner occupied	1,028		—				1,028		51,706		52,734		—		—

Real estate - construction
Residential	—		—		—		—		3,292		3,292		—		—
Commercial	—		—		—		—		837		837		—		—

Real estate - residential
Single family	—		—				—		7,129		7,129		—		—
Multi-family	—		—		—		—		—		—		—		—

Home equity lines	—		—		—		—		3,480		3,480		—		—

Consumer
Installment	—		—		—		—		704		704		—		—
Credit cards	—		—		—		—		—		—		—		—
	$	1,028	$	—	$	572	$	1,600	$	131,836	$	133,436	$	—	$	572

Nonaccrual and Past Due Loans - Originated Loan Portfolio

At December 31, 2014

(In thousands)

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due (includes nonaccrual)		Total Past Due		Current		Total Loans		90 Days Past Due and Still Accruing		Nonaccrual Loans
Commercial and industrial	$	88	$	30	$	938	$	1,056	$	327,655	328,711		$	—	$	938

Real estate - commercial
Owner occupied	—		—		—		—		304,303		304,303		—		—
Non-owner occupied	—		—		289		289		849,501		849,790		—		289

Real estate - construction
Residential	—		—		—		—		158,915		158,915		—		—
Commercial	—		—		—		—		265,830		265,830		—		—

Real estate - residential
Single family	359		—		—		359		297,530		297,889		—		—
Multi-family	—		—		—		—		96,005		96,005		—		—

Home equity lines	—		—		180		180		126,824		127,004		—		180

Consumer
Installment	—		—		—		—		3,920		3,920		—		—
Credit cards	53		—		—		53		368		421		—		—
	$	500	$	30	$	1,407	$	1,937	$	2,430,851	$	2,432,788	$	—	$	1,407

Nonaccrual and Past Due Loans - Acquired Loan Portfolio

At December 31, 2014

(In thousands)

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due (includes nonaccrual)		Total Past Due		Current		Total Loans		90 Days Past Due and Still Accruing		Nonaccrual Loans
Commercial and industrial	$	—	$	—	$	576	$	576	$	24,634	25,210		$	—	$	576

Real estate - commercial
Owner occupied	—		—		—		—		49,173		49,173		—		—
Non-owner occupied	—		—		1,072		1,072		53,516		54,588		—		1,072

Real estate - construction
Residential	—		—		—		—		6,156		6,156		—		—
Commercial	—		—		—		—		4,007		4,007		—		—

Real estate - residential
Single family	24		—		306		330		8,454		8,784		—		306
Multi-family	—		—		—		—		—		—		—		—

Home equity lines	—		—		—		—		3,881		3,881		—		—

Consumer
Installment	—		—		—		—		742		742		—		—
Credit cards	—		—		—		—		—		—		—		—
	$	24	$	—	$	1,954	$	1,978	$	150,563	$	152,541	$	—	$	1,954

Schedule of additional information on the Company's impaired loans that were evaluated for specific reserves, including the recorded investment on the statement of condition and the unpaid principal balance

Impaired Loans — Originated Loan Portfolio

At March 31, 2015

(In thousands)

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Interest Income Recognized
With no related allowance:
Commercial and industrial	$	1,171	$	1,488	$	—	$	—
Real estate - commercial
Owner occupied	—		—		—		—
Non-owner occupied	273		2,364		—		—
Real estate - construction
Residential	—		—		—		—
Commercial	250		250		—		—
Real estate - residential
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	51		51		—		—
Consumer	—		—		—		—

With related allowance:
Commercial and industrial	$	—	$	—	$	—	$	—
Real estate - commercial							—
Owner occupied	—		—		—		—
Non-owner occupied	—		—		—		—
Real estate - construction							—
Residential	—		—		—		—
Commercial	—		—		—		—
Real estate - residential							—
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

By segment total:
Commercial and industrial	$	1,171	$	1,488	$	—	$	—
Real estate - commercial	273		2,364		—		—
Real estate - construction	250		250		—		—
Real estate - residential	—		—		—		—
Home equity lines	51		51		—		—
Consumer	—		—		—		—
Total	$	1,745	$	4,153	$	—	$	—

Impaired Loans — Acquired Loan Portfolio

At March 31, 2015

(In thousands)

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Interest Income Recognized
With no related allowance:
Commercial and industrial	$	649	$	758	$	—	$	—
Real estate - commercial
Owner occupied	—		—		—		—
Non-owner occupied	3,478		3,449		—		12
Real estate - construction
Residential	—		—		—		—
Commercial	837		942		—		—
Real estate - residential
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

With related allowance:
Commercial and industrial	$	—	$	—	$	—	$	—
Real estate - commercial							—
Owner occupied	—		—		—		—
Non-owner occupied	—		—		—		—
Real estate - construction							—
Residential	—		—		—		—
Commercial	—		—		—		—
Real estate - residential							—
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

By segment total:
Commercial and industrial	$	649	$	758	$	—	$	—
Real estate - commercial	3,478		3,449		—		12
Real estate - construction	837		942		—		—
Real estate - residential	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—
Total	$	4,964	$	5,149	$	—	$	12

Impaired Loans — Originated Loan Portfolio

At December 31, 2014

(In thousands)

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Interest Income Recognized
With no related allowance:
Commercial and industrial	$	1,159	$	1,472	$	—	$	64
Real estate - commercial
Owner occupied	—		—		—		—
Non-owner occupied	289		2,364		—		—
Real estate - construction
Residential	—		—		—		—
Commercial	250		250		—		—
Real estate - residential
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	180		180		—		4
Consumer	—		—		—		—

With related allowance:
Commercial and industrial	$	—	$	—	$	—	$	—
Real estate - commercial							—
Owner occupied	—		—		—		—
Non-owner occupied	—		—		—		—
Real estate - construction							—
Residential	—		—		—		—
Commercial	—		—		—		—
Real estate - residential							—
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

By segment total:
Commercial and industrial	$	1,159	$	1,472	$	—	$	64
Real estate - commercial	289		2,364		—		—
Real estate - construction	250		250		—		—
Real estate - residential	—		—		—		—
Home equity lines	180		180		—		4
Consumer	—		—		—		—
Total	$	1,878	$	4,266	$	—	$	68

Impaired Loans — Acquired Loan Portfolio

At December 31, 2014

(In thousands)

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Interest Income Recognized
With no related allowance:
Commercial and industrial	$	576	$	1,227	$	—	$	12
Real estate - commercial
Owner occupied	—		—		—		—
Non-owner occupied	1,266		1,729		—		39
Real estate - construction
Residential	—		—		—		—
Commercial	839		942		—		5
Real estate - residential
Single family	306		446		—		2
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

With related allowance:
Commercial and industrial	$	—	$	—	$	—	$	—
Real estate - commercial							—
Owner occupied	—		—		—		—
Non-owner occupied	—		—		—		—
Real estate - construction							—
Residential	—		—		—		—
Commercial	—		—		—		—
Real estate - residential							—
Single family	—		—		—		—
Multi-family	—		—		—		—
Home equity lines	—		—		—		—
Consumer	—		—		—		—

By segment total:
Commercial and industrial	$	576	$	1,227	$	—	$	12
Real estate - commercial	1,266		1,729		—		39
Real estate - construction	839		942		—		5
Real estate - residential	306		446		—		2
Home equity lines	—		—		—		—
Consumer	—		—		—		—
Total	$	2,987	$	4,344	$	—	$	58

Schedule of reconciliation of beginning and ending balances on TDR

Troubled Debt Restructurings

At and For the Three Months Ended March 31, 2015

(In thousands)

	Commercial and Industrial		Real Estate - Commercial			Real Estate - Construction		Real Estate - Residential		Home Equity Lines		Consumer		Total

Beginning Balance, January 1, 2015	$	—	$	289		$	—	$	—	$	—	$	—	$	289
New TDRs	—		—			—		—		—		—		—
Increases to existing TDRs	—		—			—		—		—		—		—
Charge-Offs Post Modification	—		—			—		—		—		—		—
Sales, paydowns, or other decreases	—		(16		)	—		—		—		—		(16		)
Ending Balance, March 31, 2015	$	—	$	273		$	—	$	—	$	—	$	—	$	273

Troubled Debt Restructurings

At and For the Three Months Ended March 31, 2014

(In thousands)

	Commercial and Industrial		Real Estate - Commercial		Real Estate - Construction			Real Estate - Residential		Home Equity Lines		Consumer		Total

Beginning Balance, January 1, 2014	$	—	$	1,738	$	525		$	—	$	—	$	—	$	2,263
New TDRs	—		—		—			—		—		—		—
Increases to existing TDRs	—		—		—			—		—		—		—
Charge-Offs Post Modification	—		—		—			—		—		—		—
Sales, paydowns, or other decreases	—		—		(279		)	—		—		—		(279		)
Ending Balance, March 31, 2014	$	—	$	1,738	$	246		$	—	$	—	$	—	$	1,984

Summary of the risk ratings by portfolio segment and class segment

Internal Risk Rating Grades - Originated Loan Portfolio

At March 31, 2015

(In thousands)

	Pass		OLEM		Substandard		Doubtful		Loss
Commercial and industrial	$	300,007	$	1,376	$	1,488	$	—	$	—

Real estate - commercial
Owner occupied	295,416		—		—		—		—
Non-owner occupied	867,215		6,697		2,364		—		—

Real estate - construction
Residential	172,391		—		—		—		—
Commercial	314,015		—		250		—		—

Real estate - residential
Single family	293,696		15		—		—		—
Multi-family	105,527		—		—		—		—

Home equity lines	131,502		243		51		—		—

Consumer
Installment	3,760		—		—		—		—
Credit cards	299		6		—		—		—
	$	2,483,828	$	8,337	$	4,153	$	—	$	—

Internal Risk Rating Grades - Acquired Loan Portfolio

At March 31, 2015

(In thousands)

	Pass		OLEM		Substandard		Doubtful		Loss
Commercial and industrial	$	18,906	$	1,464	$	649	$	—	$	—

Real estate - commercial
Owner occupied	44,241		—		—		—		—
Non-owner occupied	47,116		2,140		3,478		—		—

Real estate - construction
Residential	3,292		—		—		—		—
Commercial	—		—		837		—		—

Real estate - residential
Single family	7,129		—		—		—		—
Multi-family	—		—		—		—		—

Home equity lines	3,480		—		—		—		—

Consumer
Installment	704		—		—		—		—
Credit cards	—		—		—		—		—
	$	124,868	$	3,604	$	4,964	$	—	$	—

Internal Risk Rating Grades - Originated Loan Portfolio

At December 31, 2014

(In thousands)

	Pass		OLEM		Substandard		Doubtful		Loss
Commercial and industrial	$	326,543	$	1,009	$	1,159	$	—	$	—

Real estate - commercial
Owner occupied	304,303		—		—		—		—
Non-owner occupied	846,280		3,221		289		—		—

Real estate - construction
Residential	158,915		—		—		—		—
Commercial	265,580		—		250		—		—

Real estate - residential
Single family	297,530		359		—		—		—
Multi-family	96,005		—		—		—		—

Home equity lines	126,824		—		180		—		—

Consumer
Installment	3,920		—		—		—		—
Credit cards	421		—		—		—		—
	$	2,426,321	$	4,589	$	1,878	$	—	$	—

Internal Risk Rating Grades - Acquired Loan Portfolio

At December 31, 2014

(In thousands)

	Pass		OLEM		Substandard		Doubtful		Loss
Commercial and industrial	$	22,277	$	2,357	$	576	$	—	$	—

Real estate - commercial
Owner occupied	49,173		—		—		—		—
Non-owner occupied	51,184		2,138		1,266		—		—

Real estate - construction
Residential	6,156		—		—		—		—
Commercial	3,168		—		839		—		—

Real estate - residential
Single family	8,454		24		306		—		—
Multi-family	—		—		—		—		—

Home equity lines	3,881		—		—		—		—

Consumer
Installment	742		—		—		—		—
Credit cards	—		—		—		—		—
	$	145,035	$	4,519	$	2,987	$	—	$	—