LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Loans, Allowance for Loan Losses and Credit Quality [Abstract]

The following table summarizes changes in the allowance for loan losses by loan category and bifurcates the amount of allowance allocated to each loan category based on collective impairment analysis and loans evaluated individually for impairment:



	December 31, 2013
	Commercial and Industrial			Commercial Real Estate			Commercial Construction			Small Business			Residential Real Estate			Home Equity			Other Consumer			Total
	(Dollars in thousands)
Allowance for loan losses
Beginning balance	$	13,461		$	22,598		$	2,811		$	1,524		$	2,930		$	7,703		$	807		$	51,834
Charge-offs	(2,683		)	(3,587		)	(308		)	(773		)	(622		)	(1,370		)	(1,175		)	(10,518		)
Recoveries	272			206			100			279			143			135			588			1,723
Provision	4,572			5,324			768			185			309			(1,432		)	474			10,200
Ending balance	$	15,622		$	24,541		$	3,371		$	1,215		$	2,760		$	5,036		$	694		$	53,239
Ending balance: individually evaluated for impairment	$	1,150		$	765		$	—		$	109		$	1,564		$	116		$	70		$	3,774
Ending balance: collectively evaluated for impairment	$	14,472		$	23,776		$	3,371		$	1,106		$	1,196		$	4,920		$	624		$	49,465
Financing receivables
Ending balance: total loans by group	$	784,202		$	2,249,260		$	223,859		$	77,240		$	541,443		$	822,141		$	20,162		$	4,718,307		(1)
Ending balance: individually evaluated for impairment	$	9,148		$	39,516		$	100		$	1,903		$	15,200		$	4,890		$	1,298		$	72,055
Ending balance: purchase credit impaired loans	$	1		$	18,612		$	197		$	—		$	10,389		$	326		$	19		$	29,544
Ending balance: collectively evaluated for impairment	$	775,053		$	2,191,132		$	223,562		$	75,337		$	515,854		$	816,925		$	18,845		$	4,616,708

	December 31, 2012
	Commercial and Industrial			Commercial Real Estate			Commercial Construction			Small Business			Residential Real Estate			Home Equity			Other Consumer			Total
	(Dollars in thousands)
Allowance for loan losses
Beginning balance	$	11,682		$	23,514		$	2,076		$	1,896		$	3,113		$	4,597		$	1,382		$	48,260
Charge-offs	(6,191		)	(4,348		)	—			(616		)	(1,094		)	(3,178		)	(1,165		)	(16,592		)
Recoveries	963			188			—			134			151			93			581			2,110
Provision	$	7,007		$	3,244		$	735		$	110		$	760		$	6,191		$	9		$	18,056
Ending balance	$	13,461		$	22,598		$	2,811		$	1,524		$	2,930		$	7,703		$	807		$	51,834
Ending balance: individually evaluated for impairment	$	1,084		$	516		$	—		$	353		$	1,302		$	35		$	130		$	3,420
Ending balance: collectively evaluated for impairment	$	12,377		$	22,082		$	2,811		$	1,171		$	1,628		$	7,668		$	677		$	48,414
Financing receivables
Ending balance: total loans by group	$	687,511		$	2,122,153		$	188,768		$	78,594		$	612,881		$	802,149		$	26,955		$	4,519,011		(1)
Ending balance: individually evaluated for impairment	$	8,575		$	33,868		$	—		$	2,279		$	15,373		$	4,435		$	2,129		$	66,659
Ending balance: purchase credit impaired loans	$	—		$	21,853		$	—		$	—		$	9,821		$	380		$	—		$	32,054
Ending balance: collectively evaluated for impairment	$	678,936		$	2,066,432		$	188,768		$	76,315		$	587,687		$	797,334		$	24,826		$	4,420,298



	December 31, 2011
	Commercial and Industrial			Commercial Real Estate			Commercial Construction			Small Business			Residential Real Estate			Home Equity			Other Consumer			Total
	(Dollars in thousands)
Allowance for loan losses
Beginning balance	$	10,423		$	21,939		$	2,145		$	3,740		$	2,915		$	3,369		$	1,724		$	46,255
Charge-offs	(2,888		)	(2,631		)	(769		)	(1,190		)	(559		)	(1,626		)	(1,678		)	(11,341		)
Recoveries	420			97			500			160			—			52			635			1,864
Provision	3,727			4,109			200			(814		)	757			2,802			701			11,482
Ending balance	$	11,682		$	23,514		$	2,076		$	1,896		$	3,113		$	4,597		$	1,382		$	48,260
Ending balance: individually evaluated for impairment	$	562		$	457		$	—		$	148		$	1,245		$	31		$	239		$	2,682
Ending balance: collectively evaluated for impairment	$	11,120		$	23,057		$	2,076		$	1,748		$	1,868		$	4,566		$	1,143		$	45,578
Financing receivables
Ending balance: total loans by group	$	575,716		$	1,847,654		$	128,904		$	78,509		$	426,201		$	696,063		$	41,343		$	3,794,390		(1)
Ending balance: individually evaluated for impairment	$	5,608		$	37,476		$	843		$	2,326		$	12,984		$	326		$	2,138		$	61,701
Ending balance: collectively evaluated for impairment	$	570,108		$	1,810,178		$	128,061		$	76,183		$	413,217		$	695,737		$	39,205		$	3,732,689


(1)	The amount of deferred fees included in the ending balance was $2.3 million, $3.1 million, and $2.9 million at December 31, 2013, 2012, and 2011, respectively.

Schedule of Internal Risk-Rating Categories for the Company's Commercial Portfolio

The following table details the internal risk-rating categories for the Company’s commercial portfolio:



		December 31, 2013
Category	Risk Rating	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Total
		(Dollars in thousands)
Pass	1 - 6	$	736,996	$	2,068,995	$	210,372	$	71,514	$	3,087,877
Potential weakness	7	21,841		91,984		8,608		3,031		125,464
Definite weakness	8	24,409		85,767		4,779		2,552		117,507
Partial loss probable	9	956		2,514		100		143		3,713
Definite loss	10	—		—		—		—		—
Total		$	784,202	$	2,249,260	$	223,859	$	77,240	$	3,334,561
		December 31, 2012
Category	Risk Rating	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Small Business		Total
		(Dollars in thousands)
Pass	1 - 6	$	647,984	$	1,928,148	$	177,693	$	71,231	$	2,825,056
Potential weakness	7	16,420		92,651		6,195		3,213		118,479
Definite weakness	8	21,979		98,688		4,880		4,080		129,627
Partial loss probable	9	1,128		2,666		—		70		3,864
Definite loss	10	—		—		—		—		—
Total		$	687,511	$	2,122,153	$	188,768	$	78,594	$	3,077,026

Schedule of Weighted Average FICO Scores and Weighted Average Combined LTV Ratio

The following table shows the weighted average FICO scores and the weighted average combined LTV ratio, exclusive of loans acquired in the year of acquisition, for the periods indicated below:



	December 31
	2013		2012
Residential portfolio
FICO score (re-scored)(1)	738		727
LTV (re-valued)(2)	67.0	%	67.0	%
Home equity portfolio
FICO score (re-scored)(1)	763		763
LTV (re-valued)(2)	53.0	%	54.0	%


(1)	The average FICO scores above are based upon rescores available from November and actual score data for loans booked between December 1 and December 31, for the years indicated.

(2)

The combined LTV ratios for December 31, 2013 are based upon updated automated valuations as of February 28, 2013 and actual score data for loans booked from March 1, 2013 through December 31, 2013. The combined LTV ratios for December 31, 2012 are based upon updated automated valuations as of November 30, 2011 and actual score data for loans booked from December 1, 2011 through December 31, 2012.

Schedule of Nonaccrual Loans

The following table shows nonaccrual loans at the dates indicated:



	December 31
	2013		2012
	(Dollars in thousands)
Commercial and industrial	$	4,178	$	2,666
Commercial real estate	11,734		6,574
Commercial construction	100		—
Small business	633		570
Residential real estate	10,329		11,472
Home equity	7,068		7,311
Other consumer	92		121
Total nonaccrual loans(1)	$	34,134	$	28,714


(1)	Included in these amounts were $7.5 million and $6.6 million nonaccruing TDRs at December 31, 2013 and 2012, respectively.

Schedule of the Age Analysis of Past Due Financing Receivables

The following table shows the age analysis of past due financing receivables as of the dates indicated:



	December 31, 2013
	30-59 days			60-89 days			90 days or more			Total Past Due			Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
	Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
	(Dollars in thousands)
Commercial and industrial	9	$	743	6	$	327	20	$	3,763	35	$	4,833	$	779,369	$	784,202	$	—
Commercial real estate	21	8,643		2	356		30	8,155		53	17,154		2,232,106		2,249,260		—
Commercial construction	1	847		—	—		1	100		2	947		222,912		223,859		—
Small business	18	353		6	227		14	247		38	827		76,413		77,240		—
Residential real estate	23	2,903		8	1,630		39	6,648		70	11,181		530,262		541,443		462
Home equity	27	1,922		8	852		23	2,055		58	4,829		817,312		822,141		—
Other consumer	110	514		30	106		34	148		174	768		19,394		20,162		63
Total	209	$	15,925	60	$	3,498	161	$	21,116	430	$	40,539	$	4,677,768	$	4,718,307	$	525



	December 31, 2012
	30-59 days			60-89 days			90 days or more			Total Past Due			Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
	Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Number of Loans	Principal Balance		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
	(Dollars in thousands)
Commercial and industrial	14	$	1,305	7	$	336	23	$	1,875	44	$	3,516	$	683,995	$	687,511	$	—
Commercial real estate	19	5,028		8	2,316		31	6,054		58	13,398		2,108,755		2,122,153		—
Commercial construction	—	—		—	—		—	—		—	—		188,768		188,768		—
Small business	20	750		8	94		10	320		38	1,164		77,430		78,594		—
Residential real estate	17	3,053		7	1,848		40	7,501		64	12,402		600,479		612,881		—
Home equity	32	2,756		10	632		17	1,392		59	4,780		797,369		802,149		—
Other consumer	208	1,217		32	224		28	153		268	1,594		25,361		26,955		52
Total	310	$	14,109	72	$	5,450	149	$	17,295	531	$	36,854	$	4,482,157	$	4,519,011	$	52

Schedule of Troubled Debt Restructuring and Other Pertinent Information

The following table shows the Company’s total TDRs and other pertinent information as of the dates indicated:



	December 31
	2013		2012
	(Dollars in thousands)
TDRs on accrual status	$	38,410	$	46,764
TDRs on nonaccrual status	7,454		6,554
Total TDRs	$	45,864	$	53,318
Amount of specific reserves included in the allowance for loan loss associated with TDRs:	$	2,474	$	3,049
Additional commitments to lend to a borrower who has been a party to a TDR:	$	1,877	$	1,847

Schedule of Troubled Debt Restructuring Modifications

The following table shows the modifications which occurred during the periods indicated and the change in the recorded investment subsequent to the modifications occurring:



	Years Ended December 31
	2013
	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)
	(Dollars in thousands)

Commercial & industrial	11	$	732	$	732
Commercial real estate	9	8,100		8,100
Small business	12	556		556
Residential real estate	9	2,401		2,427
Home equity	17	1,347		1,347
Other consumer	9	27		27
Total	67	$	13,163	$	13,189

	2012
Commercial & industrial	18	$	3,372	$	3,372
Commercial real estate	15	7,121		7,121
Small business	14	621		621
Residential real estate	20	3,495		3,499
Home equity	20	1,195		1,198
Other consumer	33	328		329
Total	120	$	16,132	$	16,140

	2011
Commercial & industrial	11	$	1,165	$	1,165
Commercial real estate	17	8,707		8,707
Small business	37	1,270		1,270
Residential real estate	16	3,460		3,536
Home equity	2	101		101
Other consumer	89	985		985
Total	172	$	15,688	$	15,764


(1)	The post-modification balances represent the balance of the loan on the date of modification. These amounts may show an increase when modifications include a capitalization of interest.

Schedule of Post-Modification Balance of Troubled Debt Restructuring by Type of Modification

The following table shows the Company’s post-modification balance of TDRs listed by type of modification as of the periods indicated:



	Years Ended December 31
	2013		2012		2011
	(Dollars in thousands)
Extended maturity	$	3,582	$	5,867	$	5,216
Adjusted interest rate	—		2,182		1,746
Combination rate & maturity	8,917		5,007		8,802
Court ordered concession	690		3,084		—
Total	$	13,189	$	16,140	$	15,764

Schedule of Troubled Debt Restructurings Which Have Subsequently Defaulted

The following table shows the loans that have been modified during the past twelve months which have subsequently defaulted during the periods indicated:



	Years Ended December 31
	2013			2012			2011
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(Dollars in thousands)
Troubled debt restructurings that subsequently defaulted
Commercial & industrial	—	$	—	1	$	231	—	$	—
Commercial real estate	1	176		3	696		—	—
Small business	—	—		—	—		5	75
Residential real estate	—	—		1	238		—	—
Other consumer	1	1		—	—		1	22
Subtotal	2	$	177	5	$	1,165	6	$	97

Schedule of Impaired Loans by Loan Portfolio

The table below sets forth information regarding the Company’s impaired loans as of the dates indicated:



	Years Ended December 31
	2013
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded
Commercial & industrial	$	7,147	$	7,288	$	—	$	7,338	$	338
Commercial real estate	14,283		15,891		—		15,728		1,075
Commercial construction	100		408		—		1,105		43
Small business	1,474		1,805		—		1,854		121
Residential real estate	1,972		2,026		—		2,021		95
Home equity	4,263		4,322		—		4,335		202
Other consumer	446		446		—		515		41
Subtotal	29,685		32,186		—		32,896		1,915
With an allowance recorded
Commercial & industrial	$	2,001	$	2,045	$	1,150	$	2,572	$	125
Commercial real estate	25,233		25,377		765		25,595		1,326
Commercial construction	—		—		—		—		—
Small business	429		462		109		459		28
Residential real estate	13,228		14,197		1,564		13,405		515
Home equity	627		694		116		642		26
Other consumer	852		856		70		954		33
Subtotal	42,370		43,631		3,774		43,627		2,053
Total	$	72,055	$	75,817	$	3,774	$	76,523	$	3,968
	2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded
Commercial & industrial	$	5,849	$	7,343	$	—	$	6,993	$	391
Commercial real estate	12,999		13,698		—		13,984		952
Commercial construction	—		—		—		—		—
Small business	1,085		1,147		—		1,217		80
Residential real estate	2,545		2,630		—		2,589		118
Home equity	4,119		4,166		—		4,190		195
Other consumer	700		705		—		858		72
Subtotal	27,297		29,689		—		29,831		1,808
With an allowance recorded
Commercial & industrial	$	2,726	$	2,851	$	1,084	$	2,883	$	143
Commercial real estate	20,869		21,438		516		21,678		1,340
Commercial construction	—		—		—		—		—
Small business	1,194		1,228		353		1,255		77
Residential real estate	12,828		13,601		1,302		13,014		560
Home equity	316		389		35		324		23
Other consumer	1,429		1,453		130		1,610		60
Subtotal	39,362		40,960		3,420		40,764		2,203
Total	$	66,659	$	70,649	$	3,420	$	70,595	$	4,011



	2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded
Commercial & industrial	$	3,380	$	4,365	$	—	$	4,672	$	300
Commercial real estate	19,433		20,010		—		19,760		1,365
Commercial construction	843		843		—		839		59
Small business	1,131		1,193		—		1,199		84
Residential real estate	—		—		—		—		—
Home equity	22		22		—		22		1
Other consumer	31		32		—		35		3
Subtotal	24,840		26,465		—		26,527		1,812
With an allowance recorded
Commercial & industrial	$	2,228	$	2,280	$	562	$	2,244	$	99
Commercial real estate	18,043		19,344		457		19,951		1,173
Commercial construction	—		—		—		—		—
Small business	1,195		1,218		148		1,292		73
Residential real estate	12,984		13,651		1,245		13,059		512
Home equity	304		349		31		316		19
Other consumer	2,107		2,125		239		1,928		73
Subtotal	36,861		38,967		2,682		38,790		1,949
Total	$	61,701	$	65,432	$	2,682	$	65,317	$	3,761

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

The following table displays certain information pertaining to purchased credit impaired loans at the dates indicated:



		Mayflower Acquisition		Central Acquisition
		November 15, 2013		November 9, 2012
		(Dollars in thousands)
Contractually required principal and interest payments receivable	(1)	$	4,440	$	47,548
Less: expected cash flows	(1)	3,144		38,815
Initial nonaccretable difference		$	1,296	$	8,733

Expected cash flows	(1)	$	3,144	$	38,815
Less: fair value (initial carrying amount)		2,758		35,720
Accretable Yield		$	386	$	3,095

(1) Reflective of anticipated prepayments.

The following is a summary of these PCI loans associated with the acquisition:



	(Dollars in thousands)
Contractually required principal and interest at acquisition	$	47,548
Contractual cash flows not expected to be collected	(8,733		)
Expected cash flows at acquisition	38,815
Interest component of expected cash flows	(3,095		)
Basis in PCI loans at acquisition - estimated fair value	$	35,720

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block]

The following table summarizes activity in the accretable yield for the PCI loan portfolio:



	2013			2012
	(Dollars in thousands)
Beginning balance	$	2,464		$	—
Acquisition	386			3,095
Accretion	(1,812		)	(903		)
Other change in expected cash flows (2)	1,142			—
Reclassification from nonaccretable difference for loans with improved cash flows (1)	334			272
Ending balance	$	2,514		$	2,464


(1)	Results in increased interest income during the period in which the loan paid off.


(2)	Represents changes in cash flows expected to be collected and resulting in increased interest income as a prospective yield adjustment over the remaining life of the loan(s).

Schedule of Loans to Insiders

Annual activity consists of the following at the periods indicated:



	2013			2012
	(Dollars in thousands)
Principal balance of loans outstanding at beginning of year	$	47,859		$	41,184
Loan advances	107,461			89,666
Loan payments/payoffs (1)	(102,810		)	(82,991		)
Principal balance of loans outstanding at end of year	$	52,510		$	47,859


(1)	Includes the removal of $900,000 related to a director who retired during 2012, and no longer considered an insider. Amount does not reflect an actual payoff of a loan.