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LOANS, ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables)
12 Months Ended
Dec. 31, 2015
Loans, Allowance for Loan Losses and Credit Quality [Abstract]  
Schedule of Allowance for Loan Losses
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, 2015
 

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
$
15,573

 
$
25,873

 
$
3,945

 
$
1,171

 
$
2,834

 
$
4,956

 
$
748

 
$
55,100

  
Charge-offs
(2,010
)
 
(330
)
 

 
(267
)
 
(285
)
 
(710
)
 
(1,316
)
 
(4,918
)
  
Recoveries
1,593

 
1,073

 

 
264

 
133

 
356

 
724

 
4,143

  
Provision (benefit)
(1,354
)
 
711

 
1,421

 
96

 
(92
)
 
287

 
431

 
1,500

  
Ending balance
$
13,802

 
$
27,327

 
$
5,366

 
$
1,264

 
$
2,590

 
$
4,889

 
$
587

 
$
55,825

  
Ending balance: collectively evaluated for impairment
$
13,619

 
$
27,123

 
$
5,366

 
$
1,260

 
$
1,312

 
$
4,651

 
$
564

 
$
53,895

  
Ending balance: individually evaluated for impairment
$
183

 
$
204

 
$

 
$
4

 
$
1,278

 
$
238

 
$
23

 
$
1,930

  
Financing receivables ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
838,129

 
$
2,619,294

 
$
373,064

 
$
95,225

 
$
614,014

 
$
921,563

 
$
14,427

 
$
5,475,716

 
Individually evaluated for impairment
5,147

 
22,986

 
304

 
1,021

 
15,405

 
5,989

 
558

 
51,410

  
Purchased credit impaired loans

 
11,154

 

 

 
9,187

 
251

 
3

 
20,595

 
Total loans by group
$
843,276

 
$
2,653,434

 
$
373,368

 
$
96,246

 
$
638,606

 
$
927,803

 
$
14,988

 
$
5,547,721

(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 

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
$
15,622

 
$
24,541

 
$
3,371

 
$
1,215

 
$
2,760

 
$
5,036

 
$
694

 
$
53,239

  
Charge-offs
(2,097
)
 
(5,454
)
 

 
(605
)
 
(826
)
 
(750
)
 
(1,215
)
 
(10,947
)
  
Recoveries
462

 
404

 

 
275

 
424

 
249

 
591

 
2,405

  
Provision (benefit)
$
1,586

 
$
6,382

 
$
574

 
$
286

 
$
476

 
$
421

 
$
678

 
$
10,403

  
Ending balance
$
15,573

 
$
25,873

 
$
3,945

 
$
1,171

 
$
2,834

 
$
4,956

 
$
748

 
$
55,100

  
Ending balance: collectively evaluated for impairment
$
15,161

 
$
25,676

 
$
3,945

 
$
1,164

 
$
1,334

 
$
4,694

 
$
710

 
$
52,684

  
Ending balance: individually evaluated for impairment
$
412

 
$
197

 
$

 
$
7

 
$
1,500

 
$
262

 
$
38

 
$
2,416

  
Financing receivables ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
856,185

 
$
2,304,099

 
$
265,501

 
$
84,159

 
$
505,799

 
$
858,305

 
$
16,335

 
$
4,890,383

  
Individually evaluated for impairment
4,654

 
30,729

 
311

 
1,088

 
15,055

 
5,330

 
868

 
58,035

  
Purchased credit impaired loans

 
12,495

 
182

 

 
9,405

 
228

 
5

 
22,315

 
Total loans by group
$
860,839

 
$
2,347,323

 
$
265,994

 
$
85,247

 
$
530,259

 
$
863,863

 
$
17,208

 
$
4,970,733

(1)
 
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 (benefit)
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: collectively evaluated for impairment
$
14,472

 
$
23,776

 
$
3,371

 
$
1,106

 
$
1,196

 
$
4,920

 
$
624

 
$
49,465

  
Ending balance: individually evaluated for impairment
$
1,150

 
$
765

 
$

 
$
109

 
$
1,564

 
$
116

 
$
70

 
$
3,774

  
Financing receivables ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
775,053

 
$
2,191,132

 
$
223,562

 
$
75,337

 
$
515,854

 
$
816,925

 
$
18,845

 
$
4,616,708

  
Individually evaluated for impairment
9,148

 
39,516

 
100

 
1,903

 
15,200

 
4,890

 
1,298

 
72,055

  
Purchase credit impaired loans
1

 
18,612

 
197

 

 
10,389

 
326

 
19

 
29,544

 
Total loans by group
$
784,202

 
$
2,249,260

 
$
223,859

 
$
77,240

 
$
541,443

 
$
822,141

 
$
20,162

 
$
4,718,307

(1)
(1)
The amount of net deferred fees on loans and net unamortized discounts on acquired loans not deemed to be PCI included in the ending balance was $10.9 million, $4.7 million, and $3.9 million at December 31, 2015, 2014, and 2013, 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, 2015
Category
Risk
Rating
 
Commercial and
Industrial
 
Commercial Real
Estate
 
Commercial
Construction
 
Small Business
 
Total
 
 
 
(Dollars in thousands)
Pass
1 - 6
 
$
765,753

 
$
2,484,025

 
$
363,781

 
$
93,008

 
$
3,706,567

Potential weakness
7
 
54,375

 
112,022

 
7,678

 
2,444

 
176,519

Definite weakness
8
 
23,073

 
56,276

 
1,909

 
732

 
81,990

Partial loss probable
9
 
75

 
1,111

 

 
62

 
1,248

Definite loss
10
 

 

 

 

 

Total
 
 
$
843,276

 
$
2,653,434

 
$
373,368

 
$
96,246

 
$
3,966,324

 
 
 
December 31, 2014
Category
Risk
Rating
 
Commercial and
Industrial
 
Commercial Real
Estate
 
Commercial
Construction
 
Small Business
 
Total
 
 
 
(Dollars in thousands)
Pass
1 - 6
 
$
801,578

 
$
2,196,109

 
$
248,696

 
$
81,255

 
$
3,327,638

Potential weakness
7
 
37,802

 
82,372

 
15,464

 
2,932

 
138,570

Definite weakness
8
 
20,241

 
67,571

 
1,834

 
949

 
90,595

Partial loss probable
9
 
1,218

 
1,271

 

 
111

 
2,600

Definite loss
10
 

 

 

 

 

Total
 
 
$
860,839

 
$
2,347,323

 
$
265,994

 
$
85,247

 
$
3,559,403

Schedule of Weighted Average FICO Scores and Weighted Average Combined LTV Ratio
 
December 31
 
2015
 
2014
Residential portfolio
 
 
 
FICO score (re-scored)(1)
742

 
739

LTV (re-valued)(2)
61.4
%
 
67.1
%
Home equity portfolio
 
 
 
FICO score (re-scored)(1)
765

 
764

LTV (re-valued)(2)
55.8
%
 
53.6
%
(1)
The average FICO scores above are based upon rescores available from November and origination score data for loans booked between December 1 and December 31, for the years indicated.
(2)
The combined LTV ratios for December 31, 2015 are based upon updated automated valuations as of March 31, 2015 and actual score data for loans booked from April 1, 2015 through December 31, 2015. The combined LTV ratios for December 31, 2014 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, 2014.
Schedule of Nonaccrual Loans
The following table shows nonaccrual loans at the dates indicated:
 
December 31
 
2015
 
2014
 
(Dollars in thousands)
Commercial and industrial
$
3,699

 
$
2,822

Commercial real estate
7,856

 
7,279

Commercial construction
304

 
311

Small business
239

 
246

Residential real estate
8,795

 
8,697

Home equity
6,742

 
8,038

Other consumer
55

 

Total nonaccrual loans(1)
$
27,690

 
$
27,393


(1)
Included in these amounts were $5.2 million nonaccruing TDRs at both December 31, 2015 and 2014, respectively.
Foreclosed Residential Real Estate Property [Table Text Block]
The following table shows information regarding foreclosed residential real estate property at the date indicated:
 
December 31, 2015
 
(Dollars in thousands)
Foreclosed residential real estate property held by the creditor
$
1,430

Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure
$
285

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, 2015
 
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
 
 
(Dollars in thousands)
Commercial and industrial
9

 
$
399

 
4

 
$
1,021

 
8

 
$
3,039

 
21

 
$
4,459

 
$
838,817

 
$
843,276

 
$

Commercial real estate
19

 
7,349

 
6

 
1,627

 
13

 
4,458

 
38

 
13,434

 
2,640,000

 
2,653,434

 

Commercial construction

 

 

 

 
1

 
304

 
1

 
304

 
373,064

 
373,368

 

Small business
11

 
93

 
4

 
9

 
13

 
69

 
28

 
171

 
96,075

 
96,246

 

Residential real estate
20

 
3,119

 
11

 
2,049

 
19

 
3,433

 
50

 
8,601

 
630,005

 
638,606

 

Home equity
21

 
1,526

 
11

 
903

 
20

 
1,338

 
52

 
3,767

 
924,036

 
927,803

 

Other consumer
297

 
231

 
12

 
65

 
13

 
25

 
322

 
321

 
14,667

 
14,988

 

Total
377

 
$
12,717

 
48

 
$
5,674

 
87

 
$
12,666

 
512

 
$
31,057

 
$
5,516,664

 
$
5,547,721

 
$


 
December 31, 2014
 
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
 
 
(Dollars in thousands)
Commercial and industrial
18

 
$
3,192

 
10

 
$
1,007

 
19

 
$
2,320

 
47

 
$
6,519

 
$
854,320

 
$
860,839

 
$

Commercial real estate
19

 
13,428

 
6

 
1,480

 
16

 
4,225

 
41

 
19,133

 
2,328,190

 
2,347,323

 

Commercial construction
1

 
506

 

 

 
1

 
311

 
2

 
817

 
265,177

 
265,994

 

Small business
7

 
21

 
8

 
113

 
7

 
173

 
22

 
307

 
84,940

 
85,247

 

Residential real estate
13

 
1,670

 
10

 
1,798

 
36

 
4,826

 
59

 
8,294

 
521,965

 
530,259

 
106

Home equity
20

 
1,559

 
7

 
307

 
23

 
2,402

 
50

 
4,268

 
859,595

 
863,863

 

Other consumer
318

 
382

 
16

 
23

 
15

 
15

 
349

 
420

 
16,788

 
17,208

 
13

Total
396

 
$
20,758

 
57

 
$
4,728

 
117

 
$
14,272

 
570

 
$
39,758

 
$
4,930,975

 
$
4,970,733

 
$
119

Schedule of Troubled Debt Restructuring and Other Pertinent Information
 
December 31
 
2015
 
2014
 
(Dollars in thousands)
TDRs on accrual status
$
32,849

 
$
38,382

TDRs on nonaccrual status
5,225

 
5,248

Total TDRs
$
38,074

 
$
43,630

Amount of specific reserves included in the allowance for loan loss associated with TDRs:
$
1,628

 
$
2,004

Additional commitments to lend to a borrower who has been a party to a TDR:
$
972

 
$
1,400

Schedule of Troubled Debt Restructuring Modifications

 
Years Ended December 31
 
2015
 
Number
of Contracts
 
Pre-Modification
Outstanding Recorded
Investment
 
Post-Modification
Outstanding Recorded
Investment(1)
 
(Dollars in thousands)
Troubled debt restructurings
 
 
 
 
 
Commercial and industrial
13

 
$
1,314

 
$
1,314

Commercial real estate
6

 
2,941

 
2,941

Small business
9

 
293

 
293

Residential real estate
8

 
843

 
870

Home equity
8

 
694

 
694

Total
44

 
$
6,085

 
$
6,112

 
 
 
 
 
 
 
2014
Troubled debt restructurings
 
 
 
 
 
Commercial and industrial
12

 
$
681

 
$
681

Commercial real estate
13

 
4,329

 
4,329

Small business
5

 
133

 
133

Residential real estate
9

 
1,535

 
1,568

Home equity
11

 
923

 
926

Other consumer
1

 
8

 
8

Total
51

 
$
7,609

 
$
7,645

 
 
 
 
 
 
 
2013
Troubled debt restructurings
 
 
 
 
 
Commercial and 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

(1)
The post-modification balances represent the legal principal 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
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Extended maturity
$
2,936

 
$
3,441

 
$
3,582

Adjusted interest rate

 
727

 

Combination rate and maturity
2,199

 
2,640

 
8,917

Court ordered concession
977

 
837

 
690

Total
$
6,112

 
$
7,645

 
$
13,189

Schedule of Troubled Debt Restructurings Which Have Subsequently Defaulted
 
Years Ended December 31
 
2015
 
2014
 
2013
 
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
3

 
$
339

 
2

 
$
196

 

 
$

Commercial real estate
1

 
502

 

 

 
1

 
176

Residential real estate
2

 
326

 
3

 
214

 

 

Home equity
1

 
100

 

 

 

 

Other consumer

 

 

 

 
1

 
1

Total
7

 
$
1,267

 
5

 
$
410

 
2

 
$
177

Schedule of Impaired Loans by Loan Portfolio

The table below sets forth information regarding the Company’s impaired loans as of the dates indicated:
 
As of and For the Years Ended December 31
 
2015
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest Income Recognized
 
(Dollars in thousands)
With no related allowance recorded
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
2,613

 
$
3,002

 
$

 
$
3,024

 
$
71

Commercial real estate
12,008

 
13,128

 

 
11,676

 
375

Commercial construction
304

 
305

 

 
308

 

Small business
527

 
618

 

 
584

 
22

Residential real estate
3,874

 
4,033

 

 
3,958

 
157

Home equity
4,893

 
5,005

 

 
5,023

 
195

Other consumer
184

 
185

 

 
201

 
15

Subtotal
24,403

 
26,276

 

 
24,774

 
835

With an allowance recorded
 
 
 
 
 
 
 
 
 
Commercial and industrial
2,534

 
2,648

 
183

 
2,848

 
48

Commercial real estate
10,978

 
11,047

 
204

 
10,789

 
592

Small business
494

 
523

 
4

 
535

 
30

Residential real estate
11,531

 
12,652

 
1,278

 
11,669

 
460

Home equity
1,096

 
1,287

 
238

 
655

 
14

Other consumer
374

 
389

 
23

 
408

 
14

Subtotal
27,007

 
28,546

 
1,930

 
26,904

 
1,158

Total
$
51,410

 
$
54,822

 
$
1,930

 
$
51,678

 
$
1,993

 
2014
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(Dollars in thousands)
With no related allowance recorded
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,005

 
$
3,278

 
$

 
$
4,557

 
$
258

Commercial real estate
15,982

 
17,164

 

 
16,703

 
1,025

Commercial construction
311

 
311

 

 
311

 
13

Small business
692

 
718

 

 
772

 
45

Residential real estate
2,439

 
2,502

 

 
2,493

 
102

Home equity
4,169

 
4,221

 

 
4,264

 
198

Other consumer
338

 
341

 

 
364

 
24

Subtotal
26,936

 
28,535

 

 
29,464

 
1,665

With an allowance recorded
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,649

 
1,859

 
412

 
2,032

 
98

Commercial real estate
14,747

 
15,514

 
197

 
15,650

 
842

Small business
396

 
458

 
7

 
456

 
32

Residential real estate
12,616

 
13,727

 
1,500

 
12,817

 
537

Home equity
1,161

 
1,264

 
262

 
1,203

 
46

Other consumer
530

 
530

 
38

 
580

 
22

Subtotal
31,099

 
33,352

 
2,416

 
32,738

 
1,577

Total
$
58,035

 
$
61,887

 
$
2,416

 
$
62,202

 
$
3,242

 
2013
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(Dollars in thousands)
With no related allowance recorded
 
 
 
 
 
 
 
 
 
Commercial and 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 and industrial
2,001

 
2,045

 
1,150

 
2,572

 
125

Commercial real estate
25,233

 
25,377

 
765

 
25,595

 
1,326

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

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]
 
 
December 31
 
 
2015
 
2014
 
 
(Dollars in thousands)
Outstanding balance
 
$
23,199

 
$
25,279

Carrying amount
 
$
20,595

 
$
22,315

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:
 
 
2015
 
2014
 
 
(Dollars in thousands)
Beginning balance
 
$
2,974

 
$
2,514

Acquisition
 
319

 

Accretion
 
(2,485
)
 
(2,299
)
Other change in expected cash flows (1)
 
1,721

 
2,565

Reclassification from nonaccretable difference for loans which have paid off (2)
 
298

 
194

Ending balance
 
$
2,827

 
$
2,974


(1)
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).
(2)
Results in increased income during the period when a loan pays off at amount greater than originally expected.