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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2012
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses [Text Block]
Allowance for Loan Losses
The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $91.1 million and $96.1 million at September 30, 2012 and December 31, 2011, respectively.
The following tables present a summary of the changes in the allowance for loan losses for the periods indicated:
 
As of and for the three months ended September 30,
 
As of and for the nine months ended September 30,
 
2012
 
2011
 
2012
 
2011
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
13,243

 
$
12,460

 
$
12,163

 
$
13,438

Commercial real estate
64,577

 
66,914

 
63,625

 
65,760

Construction and land
6,163

 
6,004

 
6,382

 
6,875

Residential
10,844

 
8,499

 
9,286

 
7,449

Home equity
1,489

 
1,291

 
1,535

 
1,231

Consumer and other
740

 
1,616

 
1,149

 
1,478

Unallocated
1,998

 
1,958

 
1,974

 
2,172

Total allowance for loan losses, beginning of period
99,054

 
98,742

 
96,114

 
98,403

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
(1,339
)
 
(425
)
 
1,766

 
(630
)
Commercial real estate
(3,035
)
 
1,653

 
(2,147
)
 
12,811

Construction and land
(1,448
)
 
2,789

 
(2,177
)
 
194

Residential
1,659

 
932

 
4,498

 
3,027

Home equity
69

 
8

 
(38
)
 
161

Consumer and other
(38
)
 
(405
)
 
(358
)
 
363

Unallocated
132

 
(52
)
 
156

 
(266
)
Total provision/ (credit) for loan losses
(4,000
)
 
4,500

 
1,700

 
15,660

(continued)

 
As of and for the three months ended September 30,
 
As of and for the nine months ended September 30,
 
2012
 
2011
 
2012
 
2011
(continued)
(In thousands)
Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
$
(1,108
)
 
$
(153
)
 
$
(3,777
)
 
$
(2,205
)
Commercial real estate
(2,339
)
 
(3,863
)
 
(5,606
)
 
(15,782
)
Construction and land
(710
)
 
(1,286
)
 
(710
)
 
(3,516
)
Residential
(1,544
)
 
(257
)
 
(2,825
)
 
(1,302
)
Home equity
(129
)
 
—

 
(129
)
 
(95
)
Consumer and other
(19
)
 
(24
)
 
(111
)
 
(677
)
Total charge-offs
(5,849
)
 
(5,583
)
 
(13,158
)
 
(23,577
)
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
794

 
440

 
1,438

 
1,719

Commercial real estate
59

 
380

 
3,390

 
2,295

Construction and land
1,065

 
262

 
1,575

 
4,216

Residential
—

 
—

 
—

 
—

Home equity
—

 
9

 
61

 
11

Consumer and other
6

 
9

 
9

 
32

Total recoveries
1,924

 
1,100

 
6,473

 
8,273

Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
11,590

 
12,322

 
11,590

 
12,322

Commercial real estate
59,262

 
65,084

 
59,262

 
65,084

Construction and land
5,070

 
7,769

 
5,070

 
7,769

Residential
10,959

 
9,174

 
10,959

 
9,174

Home equity
1,429

 
1,308

 
1,429

 
1,308

Consumer and other
689

 
1,196

 
689

 
1,196

Unallocated
2,130

 
1,906

 
2,130

 
1,906

Total allowance for loan losses at end of period
$
91,129

 
$
98,759

 
$
91,129

 
$
98,759


The following tables present the Company's allowance for loan losses and loan portfolio at September 30, 2012 and December 31, 2011 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at September 30, 2012 or December 31, 2011.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at September 30, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
11,467

 
$
56,755

 
$
4,645

 
$
9,879

Loans individually evaluated
123

 
2,507

 
425

 
1,080

Total allowance for loan losses
$
11,590

 
$
59,262

 
$
5,070

 
$
10,959

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at September 30, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
779,986

 
$
1,744,506

 
$
159,243

 
$
1,919,386

Loans individually evaluated
6,349

 
60,305

 
5,648

 
21,831

Total Loans
$
786,335

 
$
1,804,811

 
$
164,891

 
$
1,941,217

 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at September 30, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,298

 
$
689

 
$
2,130

 
$
86,863

Loans individually evaluated
131

 
—

 
—

 
4,266

Total allowance for loan losses
$
1,429

 
$
689

 
$
2,130

 
$
91,129

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at September 30, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
127,761

 
$
142,101

 
$
—

 
$
4,872,983

Loans individually evaluated
491

 
—

 
—

 
94,624

Total Loans
$
128,252

 
$
142,101

 
$
—

 
$
4,967,607


 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(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
$
671,330

 
$
1,620,109

 
$
145,937

 
$
1,806,722

Loans individually evaluated
6,718

 
58,165

 
7,772

 
16,681

Total Loans
$
678,048

 
$
1,678,274

 
$
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

 
$
174,096

 
$
—

 
$
4,561,435

Loans individually evaluated
457

 
—

 
—

 
89,793

Total Loans
$
143,698

 
$
174,096

 
$
—

 
$
4,651,228