Loans Receivable and Credit Quality (Tables)

9 Months Ended

Sep. 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:



	September 30, 2012		December 31, 2011
	(In thousands)
Commercial and industrial	$	786,335	$	678,048
Commercial real estate	1,804,811		1,678,274
Construction and land	164,891		153,709
Residential	1,941,217		1,823,403
Home equity	128,252		143,698
Consumer and other	142,101		174,096
Total Loans	$	4,967,607	$	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:



	September 30, 2012		December 31, 2011
	(In thousands)
Commercial and industrial	$	6,395	$	3,759
Commercial real estate	41,273		38,581
Construction and land	5,648		7,772
Residential	19,192		17,513
Home equity	790		457
Consumer and other	96		27
Total	$	73,394	$	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:



	September 30, 2012
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Accruing Past Due		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	$	1,086	$	1,464	$	—	$	2,550	$	4,854	$	100	$	1,441	$	6,395	$	777,390	$	786,335
Commercial real estate	2,445		925		2,625		5,995		30,389		4,682		6,202		41,273		1,757,543		1,804,811
Construction and land	25		13		50		88		4,008		209		1,431		5,648		159,155		164,891
Residential	—		2,680		—		2,680		9,749		5,000		4,443		19,192		1,919,345		1,941,217
Home equity	82		—		—		82		430		—		360		790		127,380		128,252
Consumer and other	775		5		—		780		89		1		6		96		141,225		142,101
Total	$	4,413	$	5,087	$	2,675	$	12,175	$	49,519	$	9,992	$	13,883	$	73,394	$	4,882,038	$	4,967,607



	December 31, 2011
	Accruing Past Due								Nonaccrual Loans
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Accruing Past Due		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	$	672,641	$	678,048
Commercial real estate	6,779		2,136		—		8,915		32,096		2,310		4,175		38,581		1,630,778		1,678,274
Construction and land	48		26		32		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	$	32	$	26,989	$	47,157	$	4,897	$	16,055	$	68,109	$	4,556,130	$	4,651,228

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:



	September 30, 2012
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	756,475	$	12,095	$	11,370	$	6,395	$	786,335
Commercial real estate	1,608,853		70,914		83,771		41,273		1,804,811
Construction and land	146,804		9,321		3,118		5,648		164,891
Residential	1,914,346		—		7,679		19,192		1,941,217
Home equity	125,594		—		1,868		790		128,252
Consumer and other	139,913		2,092		—		96		142,101
Total	$	4,691,985	$	94,422	$	107,806	$	73,394	$	4,967,607



	December 31, 2011
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	641,831	$	10,209	$	22,249	$	3,759	$	678,048
Commercial real estate	1,454,786		121,802		63,105		38,581		1,678,274
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 nine months ended September 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	$	5,064	$	8,361	n/a		$	3,686	$	4,826	$	—	$	—
Commercial real estate	34,789		55,034		n/a		28,714		30,315		39		226
Construction and land	4,630		6,783		n/a		5,655		6,115		—		97
Residential	9,764		11,195		n/a		9,482		9,747		71		243
Home equity	360		360		n/a		360		354		1		3
Consumer and other	—		—		n/a		73		53		—		—
Subtotal	54,607		81,733		n/a		47,970		51,410		111		569
With an allowance recorded:
Commercial and industrial	1,285		1,285		123		2,731		1,983		—		—
Commercial real estate	25,516		26,901		2,507		24,462		25,190		200		562
Construction and land	1,018		1,062		425		2,187		1,662		—		—
Residential	12,067		12,067		1,080		12,885		11,604		119		277
Home equity	131		131		131		131		131		1		4
Consumer and other	—		—		—		—		—		—		—
Subtotal	40,017		41,446		4,266		42,396		40,570		320		843
Total:
Commercial and industrial	6,349		9,646		123		6,417		6,809		—		—
Commercial real estate	60,305		81,935		2,507		53,176		55,505		239		788
Construction and land	5,648		7,845		425		7,842		7,777		—		97
Residential	21,831		23,262		1,080		22,367		21,351		190		520
Home equity	491		491		131		491		485		2		7
Consumer and other	—		—		—		73		53		—		—
Total	$	94,624	$	123,179	$	4,266	$	90,366	$	91,980	$	431	$	1,412

___________________


(1)	Recorded investment represents the client loan balance net of historical charge-offs of $24.2 million and historical nonaccrual interest paid, which was applied to principal, of $4.4 million.



	As of and for the three and nine months ended September 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	$	2,414	$	2,820	n/a		$	2,650	$	6,863	$	—	$	16
Commercial real estate	38,774		53,072		n/a		41,027		54,324		97		262
Construction and land	4,015		7,103		n/a		5,029		6,798		—		—
Residential	10,220		10,891		n/a		8,187		8,251		40		45
Home equity	326		360		n/a		1,120		885		—		—
Consumer and other	—		—		n/a		—		15		—		—
Subtotal	55,749		74,246		n/a		58,013		77,136		137		323
With an allowance recorded:
Commercial and industrial	121		125		15		124		803		—		—
Commercial real estate	23,811		26,722		3,172		32,552		27,036		153		274
Construction and land	1,565		1,729		327		1,524		2,976		—		—
Residential	5,074		5,074		366		4,301		4,080		41		115
Home equity	131		131		131		131		131		1		4
Consumer and other	—		—		—		—		—		—		—
Subtotal	30,702		33,781		4,011		38,632		35,026		195		393
Total:
Commercial and industrial	2,535		2,945		15		2,774		7,666		—		16
Commercial real estate	62,585		79,794		3,172		73,579		81,360		250		536
Construction and land	5,580		8,832		327		6,553		9,774		—		—
Residential	15,294		15,965		366		12,488		12,331		81		160
Home equity	457		491		131		1,251		1,016		1		4
Consumer and other	—		—		—		—		15		—		—
Total	$	86,451	$	108,027	$	4,011	$	96,645	$	112,162	$	332	$	716

___________________


(1)	Recorded investment represents the client loan balance net of historical charge-offs of $18.7 million and historical nonaccrual interest paid, which was applied to principal, of $2.9 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

___________________


(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 TDR loans that were restructured or defaulted during the periods indicated:



	As of and for the three months ended September 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 (1)	2	$	1,807	$	1,807	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (2)	1	3,150		3,150		3	1,282
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	4,957	$	4,957	3	$	1,282

___________________


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


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



	As of and for the nine months ended September 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 (1)	2	$	1,807	$	1,807	—	$	—
Commercial real estate (2)	6	7,387		7,468		—	—
Construction and land	—	—		—		—	—
Residential (3)	12	7,172		7,172		3	1,282
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	20	$	16,366	$	16,447	3	$	1,282

___________________


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


(2)	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).


(3)	Represents the following concessions: payment deferral (1 loan; post-modification balance of $1.9 million); temporary rate reduction (10 loans; post-modification recorded investment of $4.0 million); and combination of concessions (1 loan; post-modification recorded investment of $1.3 million).



	As of and for the three months ended September 30, 2011
	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 (1)	1	$	253	$	253	—	$	—
Commercial real estate (2)	1	991		991		1	1,156
Construction and land	—	—		—		—	—
Residential (3)	5	2,314		2,314		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	7	$	3,558	$	3,558	1	$	1,156

___________________


(1)	Represents the following concessions: combination of concessions.


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


(3)	Represents the following concessions: temporary rate reduction (4 loans; post-modification recorded investment of $0.3 million); and extension of term (1 loan; post-modification recorded investment of $2.0 million).



	As of and for the nine months ended September 30, 2011
	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 (1)	3	$	1,937	$	1,937	1	$	125
Commercial real estate (2)	9	33,014		33,366		2	2,111
Construction and land (3)	1	428		428		—	—
Residential (4)	5	2,314		2,314		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	18	$	37,693	$	38,045	3	$	2,236

___________________


(1)	Represents the following concessions: combination of concessions.


(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 (4 loans; post-modification recorded investment of $18.7 million).


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


(4)	Represents the following concessions: extension of term (1 loan; post-modification recorded investment of $2.0 million); and temporary rate reduction (4 loans; post-modification recorded investment of $0.3 million).