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Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2013
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
 
As of and for the year ended December 31,
 
2013
 
2012
 
2011
 
(In thousands)
Allowance for loan losses, beginning of year:
 
 
 
 
 
Commercial and industrial
$
11,825

 
$
12,163

 
$
13,438

Commercial real estate
52,497

 
63,625

 
65,760

Construction and land
5,016

 
6,382

 
6,875

Residential
10,892

 
9,286

 
7,449

Home equity
1,085

 
1,535

 
1,231

Consumer and other
540

 
1,149

 
1,478

 
As of and for the year ended December 31,
 
2013
 
2012
 
2011
 
(In thousands)
Unallocated
2,202

 
1,974

 
2,172

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

 
96,114

 
98,403

Provision/ (credit) for loan losses:
 
 
 
 
 
Commercial and industrial
11

 
2,819

 
(2,219
)
Commercial real estate
(10,024
)
 
(6,325
)
 
11,718

Construction and land
(1,683
)
 
(3,081
)
 
(901
)
Residential
1,824

 
4,078

 
3,244

Home equity
271

 
(389
)
 
1,183

Consumer and other
(213
)
 
(630
)
 
333

Unallocated
(186
)
 
228

 
(198
)
Total provision/(credit) for loan losses
(10,000
)
 
(3,300
)
 
13,160

Loans charged-off:
 
 
 
 
 
Commercial and industrial
(218
)
 
(4,968
)
 
(3,257
)
Commercial real estate
(2,712
)
 
(8,306
)
 
(16,521
)
Construction and land
(100
)
 
(710
)
 
(4,530
)
Residential
(2,008
)
 
(2,944
)
 
(1,507
)
Home equity
(360
)
 
(129
)
 
(891
)
Consumer and other
(19
)
 
(128
)
 
(718
)
Total charge-offs
(5,417
)
 
(17,185
)
 
(27,424
)
Recoveries on loans previously charged-off:
 
 
 
 
 
Commercial and industrial
1,219

 
1,811

 
4,201

Commercial real estate
5,218

 
3,503

 
2,668

Construction and land
1,232

 
2,425

 
4,938

Residential
24

 
472

 
100

Home equity
24

 
68

 
12

Consumer and other
14

 
149

 
56

Total recoveries
7,731

 
8,428

 
11,975

Allowance for loan losses at December 31 (end of year):
 
 
 
 
 
Commercial and industrial
12,837

 
11,825

 
12,163

Commercial real estate
44,979

 
52,497

 
63,625

Construction and land
4,465

 
5,016

 
6,382

Residential
10,732

 
10,892

 
9,286

Home equity
1,020

 
1,085

 
1,535

Consumer and other
322

 
540

 
1,149

Unallocated
2,016

 
2,202

 
1,974

Total allowance for loan losses at December 31 (end of year)
$
76,371

 
$
84,057

 
$
96,114

The following tables present the Company’s allowance for loan losses and loan portfolio at December 31, 2013 and 2012 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at December 31, 2013 or 2012.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at December 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
12,737

 
$
44,249

 
$
4,229

 
$
9,820

Loans individually evaluated
100

 
730

 
236

 
912

Total allowance for loan losses
$
12,837

 
$
44,979

 
$
4,465

 
$
10,732

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
862,616

 
$
1,772,785

 
$
150,087

 
$
2,016,160

Loans individually evaluated
3,437

 
40,609

 
3,830

 
16,134

Total Loans
$
866,053

 
$
1,813,394

 
$
153,917

 
$
2,032,294

 
Home equity
 
Consumer and other
 
Unallocated
 
Total
(Continued from above)
(In thousands)
Allowance for loan losses balance at December 31, 2013 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
1,020

 
$
322

 
$
2,016

 
$
74,393

Loans individually evaluated

 

 

 
1,978

Total allowance for loan losses
$
1,020

 
$
322

 
$
2,016

 
$
76,371

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at December 31, 2013:
 
 
 
 
 
 
 
Loans collectively evaluated
$
113,610

 
$
133,134

 
$

 
$
5,048,392

Loans individually evaluated
50

 
7

 

 
64,067

Total Loans
$
113,660

 
$
133,141

 
$

 
$
5,112,459

 
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