Loans (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Loan Portfolio, Excluding Loans Held for Sale

The loan portfolio, excluding loans held for sale, is comprised of the following:

	December 31,
	2013			2012
	(In thousands)
Real Estate:
Commercial	$	593,476		$	550,786
Construction		88,311			74,727
Residential Multi-Family		226,898			196,199
Residential Other		432,999			325,774
Commercial & Industrial		258,578			288,809
Individuals & Lease Financing		30,528			33,488
Total loans		1,630,790			1,469,783
Deferred loan costs (fees), net		1,379			(2,411	)
Allowance for loan losses		(25,990	)		(26,612	)
Loans, net	$	1,606,179		$	1,440,760

Allowance for Loan Losses by Portfolio Segment

The following table presents the allowance for loan losses by portfolio segment for the years indicated:

	For the Year Ended December 31, 2013
	Total			Commercial Real Estate			Construction			Residential Real Estate			Commercial & Industrial			Lease Financing & Other
	(In thousands)
Balance at beginning of year	$	26,612		$	10,090		$	3,949		$	8,119		$	4,077		$	377
Charge-offs		(5,602	)		(1,084	)		(793	)		(2,216	)		(1,103	)		(406	)
Recoveries		2,504			113			15			1,746			561			69
Net Charge-offs		(3,098	)		(971	)		(778	)		(470	)		(542	)		(337	)
Provision for loan losses		2,476			2,112			1,470			(1,413	)		(99	)		406
Net change during the year		(622	)		1,141			692			(1,883	)		(641	)		69
Balance at end of year	$	25,990		$	11,231		$	4,641		$	6,236		$	3,436		$	446

	For the Year Ended December 31, 2012
	Total			Commercial Real Estate			Construction			Residential Real Estate			Commercial & Industrial			Lease Financing & Other
	(In thousands)
Balance at beginning of period	$	30,685		$	12,776		$	6,470		$	8,093		$	2,650		$	696
Charge-offs		(15,847	)		(5,002	)		(3,509	)		(3,018	)		(3,744	)		(574	)
Recoveries		3,267			957			179			437			1,171			523
Net Charge-offs		(12,580	)		(4,045	)		(3,330	)		(2,581	)		(2,573	)		(51	)
Provision for loan losses		8,507			1,359			809			2,607			4,000			(268	)
Net change during the period		(4,073	)		(2,686	)		(2,521	)		26			1,427			(319	)
Balance at end of year	$	26,612		$	10,090		$	3,949		$	8,119		$	4,077		$	377

	For the Year Ended December 31, 2011
	Total			Commercial Real Estate			Construction			Residential Real Estate			Commercial & Industrial			Lease Financing & Other
	(In thousands)
Balance at beginning of year	$	38,949		$	16,736		$	7,140		$	9,851		$	4,290		$	932
Charge-offs		(78,236	)		(39,168	)		(10,026	)		(22,692	)		(6,225	)		(125	)
Recoveries		5,818			1,424			622			2,571			992			209
Net (Charge-offs) Recoveries		(72,418	)		(37,744	)		(9,404	)		(20,121	)		(5,233	)		84
Provision for loan losses		64,154			33,784			8,734			18,363			3,593			(320	)
Net change during the year		(8,264	)		(3,960	)		(670	)		(1,758	)		(1,640	)		(236	)
Balance at end of year	$	30,685		$	12,776		$	6,470		$	8,093		$	2,650		$	696

Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method

The following tables present the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method at the dates indicated:

	December 31, 2013
	Total		Commercial Real Estate		Construction		Residential Real Estate		Commercial & Industrial		Lease Financing & Other
	(In thousands)
Allowance for loan losses:
Ending balance attributed to loans:
Collectively evaluated for impairment	$	25,990	$	11,231	$	4,641	$	6,236	$	3,436	$	446
Individually evaluated for impairment		—		—		—		—		—		—
Total ending balance of allowance	$	25,990	$	11,231	$	4,641	$	6,236	$	3,436	$	446
Total loans:
Ending balance of loans:
Collectively evaluated for impairment	$	1,589,738	$	580,561	$	87,432	$	642,957	$	248,260	$	30,528
Individually evaluated for impairment		41,052		12,915		879		16,940		10,318		—
Total ending balance of loans	$	1,630,790	$	593,476	$	88,311	$	659,897	$	258,578	$	30,528

	December 31, 2012
	Total		Commercial Real Estate		Construction		Residential Real Estate		Commercial & Industrial		Lease Financing & Other
	(In thousands)
Allowance for loan losses:
Ending balance attributed to loans:
Collectively evaluated for impairment	$	26,612	$	10,090	$	3,949	$	8,119	$	4,077	$	377
Individually evaluated for impairment		—		—		—		—		—		—
Total ending balance of allowance	$	26,612	$	10,090	$	3,949	$	8,119	$	4,077	$	377
Total loans:
Ending balance of loans:
Collectively evaluated for impairment	$	1,415,035	$	525,579	$	70,007	$	509,297	$	276,664	$	33,488
Individually evaluated for impairment		54,748		25,207		4,720		12,676		12,145		—
Total ending balance of loans	$	1,469,783	$	550,786	$	74,727	$	521,973	$	288,809	$	33,488

Summary of Non-Accrual Loans

Non-accrual loans at December 31, 2013, 2012 and 2011 are summarized as follows:

	2013		2012		2011
	(In thousands)
Total non-accrual loans	$	23,489	$	34,808	$	29,892
Interest income that would have been recorded under the original contract terms		805		1,401		3,216

Recorded Investments in Non-Accrual Loans and Loans Past Due 90 Days and Still Accruing by Class of Loans

The following table presents the recorded investments in non-accrual loans and loans past due 90 days and still accruing by class of loans as of the dates indicated:

	December 31, 2013				December 31, 2012
	Non-Accrual		Past Due 90 Days and Still Accruing		Non-Accrual		Past Due 90 Days and Still Accruing
	(In thousands)
Loans:
Commercial Real Estate:
Owner occupied	$	3,768		—	$	15,670		—
Non owner occupied		2,861		—		2,717		—
Construction:
Commercial		879		—		2,478		—
Residential		—		—		2,242		—
Residential:
Multifamily		1,282		—		—		—
1-4 family		12,164		—		8,470		—
Home equity		1,113		—		1,212		—
Commercial & Industrial		1,422		—		2,019		—
Other:
Lease financing & other		—		—		—		—
Overdrafts		—		—		—		—
Total	$	23,489		—	$	34,808		—

Aging of Loans

The following tables present the aging of loans (including past due and non-accrual loans) as of the dates indicated:

	December 31, 2013
	Total		31-60 Days Past Due		61-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Current
	(In thousands)
Loans:
Commercial Real Estate:
Owner occupied	$	168,371		—	$	158	$	704	$	862	$	167,509
Non owner occupied		425,105	$	200		—		2,861		3,061		422,044
Construction:
Commercial		47,039		—		—		879		879		46,160
Residential		41,272		1		—		—		1		41,271
Residential:
Multifamily		226,898		—		—		—		—		226,898
1-4 family		320,641		1,012		190		11,841		13,043		307,598
Home equity		112,358		408		540		1,113		2,061		110,297
Commercial & Industrial		258,578		1,606		321		1,365		3,292		255,286
Other:
Lease financing & other		29,626		185		4		—		189		29,437
Overdrafts		902		—		—		—		—		902
Total	$	1,630,790	$	3,412	$	1,213	$	18,763	$	23,388	$	1,607,402

	December 31, 2012
	Total		31-60 Days Past Due		61-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Current
	(In thousands)
Loans:
Commercial Real Estate:
Owner occupied	$	181,541	$	472		—	$	9,464	$	9,936	$	171,605
Non owner occupied		369,245		802		—		2,717		3,519		365,726
Construction:
Commercial		40,708		1,421		—		—		1,421		39,287
Residential		34,019		455		—		2,242		2,697		31,322
Residential:
Multifamily		196,199		—		—		—		—		196,199
1-4 family		215,771		4,506	$	91		8,470		13,067		202,704
Home equity		110,003		3,411		321		1,212		4,944		105,059
Commercial & Industrial		288,809		1,938		170		1,479		3,587		285,222
Other:
Lease financing & other		32,104		431		1		—		432		31,672
Overdrafts		1,384		—		—		—		—		1,384
Total	$	1,469,783	$	13,436	$	583	$	25,584	$	39,603	$	1,430,180

Impaired Loans and Recorded Investment in Loans

Impaired loans and the recorded investment in loans by class of loans were as follows:

	December 31, 2013						December 31, 2012
	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated		Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
	(In thousands)
With no related allowance recorded:
Commercial Real Estate:
Owner occupied	$	10,320	$	10,054		—	$	26,235	$	22,022		—
Non owner occupied		2,861		2,861		—		4,292		3,185		—
Construction:
Commercial		1,231		879		—		2,735		2,478		—
Residential		—		—		—		3,242		2,242		—
Residential:
Multifamily		2,921		2,921		—		2,994		2,994		—
1-4 family		14,782		12,831		—		9,726		8,470		—
Home equity		1,705		1,188		—		2,220		1,212		—
Commercial & Industrial		11,421		10,318		—		13,218		12,145		—
Lease Financing & Other		—		—		—		—		—		—
Total loans	$	45,241	$	41,052		—	$	64,662	$	54,748		—

Average Recorded Investment in Impaired Loans by Class of Loans and Interest Recognized on Impaired Loans

The following tables present the average recorded investment in impaired loans by class of loans and interest recognized on impaired loans for the years indicated:

	Year Ended December 31,
	2013				2012
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
	(In thousands)
Commercial Real Estate:
Owner occupied	$	19,227	$	14	$	23,006	$	434
Non owner occupied		3,068		251		4,742		275
Construction:
Commercial		1,127		—		2,219		—
Residential		1,574		37		1,745		—
Residential:
Multifamily		3,202		72		1,788		69
1-4 family		12,544		—		6,208		—
Home equity		828		1		1,508		—
Commercial & Industrial		11,458		431		10,588		—
Lease Financing & Other		—		—		64		—
Total	$	53,028	$	806	$	51,868	$	778

Loans by Class Modified as Troubled Debt Restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the years indicated:

	Year Ended December 31, 2013						Year Ended December 31, 2012
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(Dollars in thousands)
Commercial Real Estate:
Owner occupied		—		—		—		—		—		—
Non owner occupied		1	$	5,546	$	5,546		—		—		—
Construction:
Commercial		—		—		—		—		—		—
Residential		—		—		—		—		—		—
Residential:
Multifamily		—		—		—		1	$	2,159	$	1,579
1-4 family		7		9,643		9,419		—		—		—
Home equity		1		75		75		1		12,515		10,500
Commercial & Industrial		2		569		538		—		—		—
Other:
Lease financing & other		—		—		—		—		—		—
Overdrafts		—		—		—		—		—		—
Total		11	$	15,833	$	15,579		2	$	14,674	$	12,079

Risk Category by Class of Loans

The following tables present the risk category by class of loans at the dates indicated of non-homogeneous loans individually classified as to credit risk as of the most recent analysis performed:

	December 31, 2013
	Total		Pass		Special Mention		Substandard		Doubtful
	(In thousands)
Commercial Real Estate:
Owner occupied	$	168,371	$	139,108	$	6,342	$	22,921		—
Non owner occupied		425,105		399,009		14,024		12,072		—
Construction:
Commercial		47,039		46,160		—		879		—
Residential		41,272		37,931		3,341		—		—
Residential:
Multifamily		226,898		222,147		2,550		2,201		—
1-4 family		61,440		42,158		2,008		17,274		—
Home equity		1,146		34		—		1,112		—
Commercial & Industrial		258,578		249,238		5,207		4,133		—
Lease Financing & Other		28,661		28,391		—		270		—
Total loans	$	1,258,510	$	1,164,176	$	33,472	$	60,862		—

	December 31, 2012
	Total		Pass		Special Mention		Substandard		Doubtful
	(In thousands)
Commercial Real Estate:
Owner occupied	$	181,541	$	132,181	$	6,447	$	42,913		—
Non owner occupied		369,245		356,960		4,438		7,847		—
Construction:
Commercial		40,708		29,303		5,349		6,056		—
Residential		34,019		28,936		891		4,192		—
Residential:
Multifamily		196,199		193,083		—		3,116		—
1-4 family		89,246		58,480		20,439		10,327		—
Home equity		1,212		—		—		1,212		—
Commercial & Industrial		288,809		270,362		3,368		15,079		—
Lease Financing & Other		31,015		29,842		846		327		—
Total loans	$	1,231,994	$	1,099,147	$	41,778	$	91,069		—

Delinquency Categories by Class of Loans

The following tables present delinquency categories by class of loans for loans evaluated for risk in groups of homogeneous loans as of the dates indicated:

	December 31, 2013
	Total		31-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Current
	(In thousands)
Residential:
1-4 family	$	259,201	$	705	$	115		—	$	820	$	258,381
Home equity		111,212		408		540		—		948		110,264
Other:
Other loans		965		23		4		—		27		938
Overdrafts		902		—		—		—		—		902
Total loans	$	372,280	$	1,136	$	659		—	$	1,795	$	370,485

	December 31, 2012
	Total		31-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Current
	(In thousands)
Residential:
1-4 family	$	126,525		—	$	91		—	$	91	$	126,434
Home equity		108,791	$	3,411		321		—		3,732		105,059
Other:
Other loans		1,089		30		1		—		31		1,058
Overdrafts		1,384		—		—		—		—		1,384
Total loans	$	237,789	$	3,441	$	413		—	$	3,854	$	233,935