Loans Receivable and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table presents a summary of the loan portfolio based on the portfolio segment as of the dates indicated:



	June 30, 2012		December 31, 2011
	(In thousands)
Commercial and industrial	$	818,370	$	687,102
Commercial real estate	1,823,573		1,669,220
Construction and land	164,122		153,709
Residential	1,991,687		1,823,403
Home equity	136,558		143,698
Consumer and other	156,818		174,096
Total Loans	$	5,091,128	$	4,651,228

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents nonaccrual loans receivable by class of receivable as of the dates indicated:



	June 30, 2012		December 31, 2011
	(In thousands)
Commercial and industrial	$	6,544	$	3,759
Commercial real estate	30,631		38,581
Construction and land	8,633		7,772
Residential	20,738		17,513
Home equity	620		457
Consumer and other	191		27
Total	$	67,357	$	68,109

Past Due Financing Receivables [Table Text Block]

The following tables present an age analysis of loans receivable by class of receivable as of the dates indicated:



	June 30, 2012
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		Total Accruing Past Due (1)		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	2,984	$	681	$	3,665	$	6,102	$	222	$	220	$	6,544	$	808,161	$	818,370
Commercial real estate	5,767		3,266		9,033		24,336		1,292		5,003		30,631		1,783,909		1,823,573
Construction and land	45		249		325		4,304		94		4,235		8,633		155,164		164,122
Residential	—		903		903		10,363		1,811		8,564		20,738		1,970,046		1,991,687
Home equity	—		—		—		131		—		489		620		135,938		136,558
Consumer and other	262		8		270		1		98		92		191		156,357		156,818
Total	$	9,058	$	5,107	$	14,196	$	45,237	$	3,517	$	18,603	$	67,357	$	5,009,575	$	5,091,128

___________________


(1)	Includes an additional $31 thousand of accruing construction and land loans that are 90 days or greater past due.



	December 31, 2011
	Accruing Past Due						Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		Total Accruing Past Due (1)		Current Payment Status		30-89 Days Past Due		90 Days or Greater Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	1,284	$	364	$	1,648	$	2,866	$	566	$	327	$	3,759	$	681,695	$	687,102
Commercial real estate	6,779		2,136		8,915		32,096		2,310		4,175		38,581		1,621,724		1,669,220
Construction and land	48		26		106		4,825		172		2,775		7,772		145,831		153,709
Residential	8,997		5,410		14,407		7,236		1,849		8,428		17,513		1,791,483		1,823,403
Home equity	1,223		—		1,223		131		—		326		457		142,018		143,698
Consumer and other	689		1		690		3		—		24		27		173,379		174,096
Total	$	19,020	$	7,937	$	26,989	$	47,157	$	4,897	$	16,055	$	68,109	$	4,556,130	$	4,651,228

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(1)	Includes an additional $32 thousand of accruing construction and land loans that are 90 days or greater past due.

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables present the loan portfolio's credit risk profile by internally assigned grade by class of financing receivable as of the dates indicated:



	June 30, 2012
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Classified		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	776,586	$	22,271	$	12,969	$	6,544	$	818,370
Commercial real estate	1,620,818		59,141		112,983		30,631		1,823,573
Construction and land	143,319		9,423		2,747		8,633		164,122
Residential	1,963,258		—		7,691		20,738		1,991,687
Home equity	134,070		—		1,868		620		136,558
Consumer and other	154,526		2,098		3		191		156,818
Total	$	4,792,577	$	92,933	$	138,261	$	67,357	$	5,091,128



	December 31, 2011
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Classified		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	641,831	$	19,263	$	22,249	$	3,759	$	687,102
Commercial real estate	1,454,786		112,748		63,105		38,581		1,669,220
Construction and land	131,205		10,978		3,754		7,772		153,709
Residential	1,798,635		—		7,255		17,513		1,823,403
Home equity	141,373		—		1,868		457		143,698
Consumer and other	173,927		132		10		27		174,096
Total	$	4,341,757	$	143,121	$	98,241	$	68,109	$	4,651,228

Impaired Financing Receivables [Table Text Block]

The following tables present, by class of receivable, the balance of impaired loans with and without a related allowance, the associated allowance for those impaired loans with a related allowance, and the total unpaid principal on impaired loans:



	As of and for the three and six months ended June 30, 2012
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	3,331	$	5,196	n/a		$	4,937	$	5,396	$	—	$	—
Commercial real estate	25,858		43,512		n/a		28,688		31,116		83		187
Construction and land	6,019		10,360		n/a		6,392		6,343		—		97
Residential	9,389		10,358		n/a		9,527		9,879		91		172
Home equity	360		360		n/a		360		351		1		2
Consumer and other	98		124		n/a		87		43		—		—
Subtotal	45,055		69,910		n/a		49,991		53,128		175		458
With an allowance recorded:
Commercial and industrial	3,242		4,115		1,013		2,118		1,609		—		—
Commercial real estate	23,924		25,203		2,412		26,524		25,555		189		362
Construction and land	2,614		2,651		1,177		1,566		1,400		—		—
Residential	13,164		14,244		1,136		13,629		10,962		95		158
Home equity	131		131		131		131		131		1		3
Consumer and other	—		—		—		—		—		—		—
Subtotal	43,075		46,344		5,869		43,968		39,657		285		523
Total:
Commercial and industrial	6,573		9,311		1,013		7,055		7,005		—		—
Commercial real estate	49,782		68,715		2,412		55,212		56,671		272		549
Construction and land	8,633		13,011		1,177		7,958		7,743		—		97
Residential	22,553		24,602		1,136		23,156		20,841		186		330
Home equity	491		491		131		491		482		2		5
Consumer and other	98		124		—		87		43		—		—
Total	$	88,130	$	116,254	$	5,869	$	93,959	$	92,785	$	460	$	981

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(1)	Recorded investment represents the client loan balance net of historical charge-offs of $24.5 million and historical nonaccrual interest paid, which was applied to principal, of $3.6 million.



	As of and for the three and six months ended June 30, 2011
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		QTD Average Recorded Investment		YTD Average Recorded Investment		QTD Interest Income Recognized while Impaired		YTD Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	2,765	$	3,354	n/a		$	6,757	$	7,507	$	—	$	16
Commercial real estate	39,647		55,604		n/a		57,518		52,781		80		165
Construction and land	5,245		8,391		n/a		5,925		7,436		—		—
Residential	7,512		8,025		n/a		8,086		7,936		20		24
Home equity	1,208		1,250		n/a		1,070		877		—		—
Consumer and other	—		—		n/a		—		21		—		—
Subtotal	56,377		76,624		n/a		79,356		76,558		100		205
With an allowance recorded:
Commercial and industrial	129		131		22		1,358		936		—		—
Commercial real estate	32,676		35,371		4,867		27,942		26,625		121		121
Construction and land	1,563		1,572		308		3,309		3,601		—		—
Residential	4,002		4,002		346		4,007		3,945		21		55
Home equity	131		131		131		131		131		2		3
Consumer and other	—		—		—		—		—		—		—
Subtotal	38,501		41,207		5,674		36,747		35,238		144		179
Total:
Commercial and industrial	2,894		3,485		22		8,115		8,443		—		16
Commercial real estate	72,323		90,975		4,867		85,460		79,406		201		286
Construction and land	6,808		9,963		308		9,234		11,037		—		—
Residential	11,514		12,027		346		12,093		11,881		41		79
Home equity	1,339		1,381		131		1,201		1,008		2		3
Consumer and other	—		—		—		—		21		—		—
Total	$	94,878	$	117,831	$	5,674	$	116,103	$	111,796	$	244	$	384

___________________


(1)	Recorded investment represents the client loan balance net of historical charge-offs of $20.5 million and historical nonaccrual interest paid, which was applied to principal, of $2.5 million.



	As of and for the year ended December 31, 2011
	Recorded Investment (1)		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized while Impaired
	(In thousands)
With no related allowance recorded:
Commercial and industrial	$	5,595	$	6,239	n/a		$	6,437	$	59
Commercial real estate	34,963		49,690		n/a		49,765		373
Construction and land	6,493		10,783		n/a		6,473		—
Residential	10,451		11,222		n/a		8,810		198
Home equity	326		360		n/a		745		—
Consumer and other	—		—		n/a		11		—
Subtotal	$	57,828	$	78,294	n/a		$	72,241	$	630
With an allowance recorded:
Commercial and industrial	1,123		1,137		149		748		—
Commercial real estate	23,202		24,398		3,307		26,274		440
Construction and land	1,279		1,302		219		2,591		—
Residential	6,230		6,230		402		4,279		137
Home equity	131		131		131		131		6
Consumer and other	—		—		—		—		—
Subtotal	$	31,965	$	33,198	$	4,208	$	34,023	$	583
Total:
Commercial and industrial	6,718		7,376		149		7,185		59
Commercial real estate	58,165		74,088		3,307		76,039		813
Construction and land	7,772		12,085		219		9,064		—
Residential	16,681		17,452		402		13,089		335
Home equity	457		491		131		876		6
Consumer and other	—		—		—		11		—
Total	$	89,793	$	111,492	$	4,208	$	106,264	$	1,213

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(1)	Recorded investment represents the client loan balance net of historical charge-offs of $18.2 million and historical nonaccrual interest paid, which was applied to principal, of $3.5 million.

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present the balance of troubled debt restructured loans that were restructured or defaulted during the periods indicated:



	As of and for the three months ended June 30, 2012
	Restructured Current Quarter					TDRs that defaulted in the current quarter that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
(Dollars In thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate (1)	2	1,923		1,923		—	—
Construction and land	—	—		—		—	—
Residential (2)	3	320		320		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	5	$	2,243	$	2,243	—	$	—

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(1)	Represents the following concessions: extension of term.


(2)	Represents the following concessions: temporary rate reduction.



	As of and for the six months ended June 30, 2012
	Restructured Current Year to Date					TDRs that defaulted in the current year to date that were restructured in prior twelve months
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
(Dollars In thousands)
Commercial and industrial	—	$	—	$	—	—	$	—
Commercial real estate (1)	6	7,387		7,468		—	—
Construction and land	—	—		—		—	—
Residential (2)	11	4,022		4,022		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	17	$	11,409	$	11,490	—	$	—

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(1)	Represents the following concessions: extension of term (5 loans; post-modification recorded investment of $4.7 million); and combination of concessions (1 loan; post-modification recorded investment of $2.8 million).


(2)	Represents the following concessions: payment deferral (1 loan; post-modification balance of $1.9 million); temporary rate reduction (9 loans; post-modification recorded investment of $0.8 million); and combination of concessions (1 loan; post-modification recorded investment of $1.3 million).



	As of and for the year ended December 31, 2011
	Restructured Current Year to Date					TDRs that defaulted in 2011 that were restructured in a TDR in 2011
	# of Loans	Pre- modification recorded investment		Post- modification recorded investment		# of Loans	Post- modification recorded investment
(Dollars In thousands)
Commercial and industrial (1)	7	$	5,983	$	5,983	1	$	125
Commercial real estate (2)	10	33,406		33,758		2	2,111
Construction and land (3)	2	4,452		3,852		—	—
Residential (4)	11	2,951		2,951		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	30	$	46,792	$	46,544	3	$	2,236

___________________


(1)	Represents the following concessions: extension of term (1 loan; post-modification recorded investment of $3.1 million); temporary rate reduction (1 loan; post-modification recorded investment of $0.2 million); and combination of concessions (5 loans; post-modification recorded investment of $2.7 million).


(2)	Represents the following concessions: extension of term (1 loan; post-modification recorded investment of $1.0 million); temporary rate reduction (4 loans; post-modification recorded investment of $13.7 million); and combination of concessions (5 loans; post-modification recorded investment of $19.1 million).


(3)	Represents the following concessions: extension of term (2 loans; post-modification recorded investment of $3.9 million).


(4)	Represents the following concessions: extension of term (1 loan; post-modification recorded investment of $2.0 million); and temporary rate reduction (10 loans; post-modification recorded investment of $1.0 million).