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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2011
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
ALLOWANCE FOR LOAN LOSSES
The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $96.1 million and $98.4 million at December 31, 2011 and 2010, respectively. The following tables summarize the changes in the allowance for loan losses for the periods indicated:
 
At and for the year ended December 31, 2011
 
(In thousands)
Allowance for loan losses, beginning of year:
 
Commercial and industrial
$
13,438

Commercial real estate
65,760

Construction and land
6,875

Residential mortgage
7,449

Home equity
1,231

Consumer and other
1,478

Unallocated
2,172

Total allowance for loan losses, beginning of year
98,403

 
At and for the year ended December 31, 2011
 
(In thousands)
 
 
Provision/ (credit) for loan losses:
 
Commercial and industrial
(2,219
)
Commercial real estate
11,718

Construction and land
(901
)
Residential mortgage
3,244

Home equity
1,183

Consumer and other
333

Unallocated
(198
)
Total provision for loan losses
13,160

Loans charged-off:
 
Commercial and industrial
(3,257
)
Commercial real estate
(16,521
)
Construction and land
(4,530
)
Residential mortgage
(1,507
)
Home equity
(891
)
Consumer and other
(718
)
Total charge-offs
(27,424
)
Recoveries on loans previously charged-off:
 
Commercial and industrial
4,201

Commercial real estate
2,668

Construction and land
4,938

Residential mortgage
100

Home equity
12

Consumer and other
56

Total recoveries
11,975

Allowance for loan losses at December 31, 2011 (end of year):
 
Commercial and industrial
12,163

Commercial real estate
63,625

Construction and land
6,382

Residential mortgage
9,286

Home equity
1,535

Consumer and other
1,149

Unallocated
1,974

Total allowance for loan losses at December 31, 2011 (end of year)
$
96,114

 
 

 
At and for the year ended December 31,
2010
 
2009
 
(In thousands)
Allowance for loan losses, beginning of year
$
68,444

 
$
64,091

Provision for loan losses
87,178

 
44,959

Charge-offs
(66,739
)
 
(41,934
)
Recoveries
9,520

 
1,328

Allowance for loan losses, end of year
$
98,403

 
$
68,444

The following tables show the Company's allowance for loan losses and loan portfolio at December 31, 2011 and 2010 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at December 31, 2011 or 2010.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential mortgage
 
(In thousands)
Allowance for loan losses balance at December 31, 2011 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
12,014

 
$
60,318

 
$
6,163

 
$
8,884

Loans individually evaluated
149

 
3,307

 
219

 
402

Total allowance for loan losses
$
12,163

 
$
63,625

 
$
6,382

 
$
9,286

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2011:
 
 
 
 
 
 
 
Loans collectively evaluated
$
680,384

 
$
1,611,055

 
$
145,937

 
$
1,806,722

Loans individually evaluated
6,718

 
58,165

 
7,772

 
16,681

Total Loans
$
687,102

 
$
1,669,220

 
$
153,709

 
$
1,823,403

 
Home equity
 
Consumer and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at December 31, 2011 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,404

 
$
1,149

 
$
1,974

 
$
91,906

Loans individually evaluated
131

 
—

 
—

 
4,208

Total allowance for loan losses
$
1,535

 
$
1,149

 
$
1,974

 
$
96,114

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2011:
 
 
 
 
 
 
 
Loans collectively evaluated
$
143,241

 
$
173,096

 
$
—

 
$
4,560,435

Loans individually evaluated
457

 
—

 
—

 
89,793

Total Loans
$
143,698

 
$
173,096

 
$
—

 
$
4,650,228

 
Commercial and industrial
 
Commercial real estate
 
Construction and land (1)
 
Residential mortgage
 
(In thousands)
Allowance for loan losses balance at December 31, 2010 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
13,384

 
$
62,586

 
$
5,808

 
$
7,117

Loans individually evaluated
54

 
3,174

 
1,067

 
332

Total allowance for loan losses
$
13,438

 
$
65,760

 
$
6,875

 
$
7,449

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2010:
 
 
 
 
 
 
 
Loans collectively evaluated
$
649,564

 
$
1,628,556

 
$
135,379

 
$
1,663,492

Loans individually evaluated
8,583

 
69,530

 
15,323

 
10,442

Total Loans
$
658,147

 
$
1,698,086

 
$
150,702

 
$
1,673,934

 
Home equity
 
Consumer and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at December 31, 2010 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,231

 
$
1,478

 
$
2,172

 
$
93,776

Loans individually evaluated
—

 
—

 
—

 
4,627

Total allowance for loan losses
$
1,231

 
$
1,478

 
$
2,172

 
$
98,403

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2010:
 
 
 
 
 
 
 
Loans collectively evaluated
$
157,631

 
$
141,048

 
$
—

 
$
4,375,670

Loans individually evaluated
799

 
—

 
—

 
104,677

Total Loans
$
158,430

 
$
141,048

 
$
—

 
$
4,480,347

___________________
(1)
Does not include a nonaccrual construction and land loan held for sale of $1.5 million at December 31, 2010. This loan was the one remaining loan in the Company's non-strategic Southern California loans held for sale portfolio.