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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2013
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2013 and December 31, 2012 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2013 or December 31, 2012.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at March 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
11,480

 
$
48,020

 
$
4,370

 
$
9,958

Loans individually evaluated
369

 
2,446

 
417

 
1,496

Total allowance for loan losses
$
11,849

 
$
50,466

 
$
4,787

 
$
11,454

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
777,408

 
$
1,624,618

 
$
144,018

 
$
1,881,133

Loans individually evaluated
11,104

 
63,823

 
4,899

 
17,280

Total Loans
$
788,512

 
$
1,688,441

 
$
148,917

 
$
1,898,413

 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at March 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,146

 
$
464

 
$
2,120

 
$
77,558

Loans individually evaluated
—

 
—

 
—

 
4,728

Total allowance for loan losses
$
1,146

 
$
464

 
$
2,120

 
$
82,286

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
118,142

 
$
141,002

 
$
—

 
$
4,686,321

Loans individually evaluated
40

 
—

 
—

 
97,146

Total Loans
$
118,182

 
$
141,002

 
$
—

 
$
4,783,467


 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at December 31, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
11,707

 
$
50,830

 
$
4,827

 
$
9,489

Loans individually evaluated
118

 
1,667

 
189

 
1,403

Total allowance for loan losses
$
11,825

 
$
52,497

 
$
5,016

 
$
10,892

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
801,903

 
$
1,632,698

 
$
135,357

 
$
1,890,213

Loans individually evaluated
4,423

 
58,652

 
2,213

 
15,876

Total Loans
$
806,326

 
$
1,691,350

 
$
137,570

 
$
1,906,089

 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at December 31, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,085

 
$
540

 
$
2,202

 
$
80,680

Loans individually evaluated
—

 
—

 
—

 
3,377

Total allowance for loan losses
$
1,085

 
$
540

 
$
2,202

 
$
84,057

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
123,191

 
$
149,250

 
$
—

 
$
4,732,612

Loans individually evaluated
360

 
—

 
—

 
81,524

Total Loans
$
123,551

 
$
149,250

 
$
—

 
$
4,814,136

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 March 31,
 
2013
 
2012
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
11,825

 
$
12,163

Commercial real estate
52,497

 
63,625

Construction and land
5,016

 
6,382

Residential
10,892

 
9,286

Home equity
1,085

 
1,535

Consumer and other
540

 
1,149

Unallocated
2,202

 
1,974

Total allowance for loan losses, beginning of period
84,057

 
96,114

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(114
)
 
1,827

Commercial real estate
(919
)
 
2,030

Construction and land
(1,036
)
 
(712
)
Residential
1,827

 
966

Home equity
398

 
(53
)
Consumer and other
(74
)
 
(116
)
Unallocated
(82
)
 
58

Total provision/ (credit) for loan losses
—

 
4,000

Loans charged-off:
 
 
 
Commercial and industrial
$
(27
)
 
$
(2,311
)
Commercial real estate
(1,239
)
 
(406
)
Construction and land
—

 
—

Residential
(1,265
)
 
(198
)
Home equity
(360
)
 
—

Consumer and other
(2
)
 
(26
)
Total charge-offs
(2,893
)
 
(2,941
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
165

 
383

Commercial real estate
127

 
117

Construction and land
807

 
166

Residential
—

 
—

Home equity
23

 
61

Consumer and other
—

 
2

Total recoveries
1,122

 
729

 
As of and for the three months ended March 31,
 
2013
 
2012
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
11,849

 
12,062

Commercial real estate
50,466

 
65,366

Construction and land
4,787

 
5,836

Residential
11,454

 
10,054

Home equity
1,146

 
1,543

Consumer and other
464

 
1,009

Unallocated
2,120

 
2,032

Total allowance for loan losses at end of period
$
82,286

 
$
97,902
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2013 and December 31, 2012 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2013 or December 31, 2012.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at March 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
11,480

 
$
48,020

 
$
4,370

 
$
9,958

Loans individually evaluated
369

 
2,446

 
417

 
1,496

Total allowance for loan losses
$
11,849

 
$
50,466

 
$
4,787

 
$
11,454

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
777,408

 
$
1,624,618

 
$
144,018

 
$
1,881,133

Loans individually evaluated
11,104

 
63,823

 
4,899

 
17,280

Total Loans
$
788,512

 
$
1,688,441

 
$
148,917

 
$
1,898,413

 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at March 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,146

 
$
464

 
$
2,120

 
$
77,558

Loans individually evaluated
—

 
—

 
—

 
4,728

Total allowance for loan losses
$
1,146

 
$
464

 
$
2,120

 
$
82,286

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
118,142

 
$
141,002

 
$
—

 
$
4,686,321

Loans individually evaluated
40

 
—

 
—

 
97,146

Total Loans
$
118,182

 
$
141,002

 
$
—

 
$
4,783,467


 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at December 31, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
11,707

 
$
50,830

 
$
4,827

 
$
9,489

Loans individually evaluated
118

 
1,667

 
189

 
1,403

Total allowance for loan losses
$
11,825

 
$
52,497

 
$
5,016

 
$
10,892

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
801,903

 
$
1,632,698

 
$
135,357

 
$
1,890,213

Loans individually evaluated
4,423

 
58,652

 
2,213

 
15,876

Total Loans
$
806,326

 
$
1,691,350

 
$
137,570

 
$
1,906,089

 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at December 31, 2012 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,085

 
$
540

 
$
2,202

 
$
80,680

Loans individually evaluated
—

 
—

 
—

 
3,377

Total allowance for loan losses
$
1,085

 
$
540

 
$
2,202

 
$
84,057

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2012:
 
 
 
 
 
 
 
Loans collectively evaluated
$
123,191

 
$
149,250

 
$
—

 
$
4,732,612

Loans individually evaluated
360

 
—

 
—

 
81,524

Total Loans
$
123,551

 
$
149,250

 
$
—

 
$
4,814,136

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 March 31,
 
2013
 
2012
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
11,825

 
$
12,163

Commercial real estate
52,497

 
63,625

Construction and land
5,016

 
6,382

Residential
10,892

 
9,286

Home equity
1,085

 
1,535

Consumer and other
540

 
1,149

Unallocated
2,202

 
1,974

Total allowance for loan losses, beginning of period
84,057

 
96,114

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(114
)
 
1,827

Commercial real estate
(919
)
 
2,030

Construction and land
(1,036
)
 
(712
)
Residential
1,827

 
966

Home equity
398

 
(53
)
Consumer and other
(74
)
 
(116
)
Unallocated
(82
)
 
58

Total provision/ (credit) for loan losses
—

 
4,000

Loans charged-off:
 
 
 
Commercial and industrial
$
(27
)
 
$
(2,311
)
Commercial real estate
(1,239
)
 
(406
)
Construction and land
—

 
—

Residential
(1,265
)
 
(198
)
Home equity
(360
)
 
—

Consumer and other
(2
)
 
(26
)
Total charge-offs
(2,893
)
 
(2,941
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
165

 
383

Commercial real estate
127

 
117

Construction and land
807

 
166

Residential
—

 
—

Home equity
23

 
61

Consumer and other
—

 
2

Total recoveries
1,122

 
729

 
As of and for the three months ended March 31,
 
2013
 
2012
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
11,849

 
12,062

Commercial real estate
50,466

 
65,366

Construction and land
4,787

 
5,836

Residential
11,454

 
10,054

Home equity
1,146

 
1,543

Consumer and other
464

 
1,009

Unallocated
2,120

 
2,032

Total allowance for loan losses at end of period
$
82,286

 
$
97,902