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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2014
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
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,
 
2014
 
2013
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
12,837

 
$
11,825

Commercial real estate
44,979

 
52,497

Construction and land
4,465

 
5,016

Residential
10,732

 
10,892

Home equity
1,020

 
1,085

Consumer and other
322

 
540

Unallocated
2,016

 
2,202

Total allowance for loan losses, beginning of period
76,371

 
84,057

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(927
)
 
(114
)
Commercial real estate
1,057

 
(919
)
Construction and land
356

 
(1,036
)
Residential
(1,448
)
 
1,827

Home equity
(57
)
 
398

Consumer and other
(193
)
 
(74
)
Unallocated
12

 
(82
)
Total provision/ (credit) for loan losses
(1,200
)
 
—

Loans charged-off:
 
 
 
Commercial and industrial
(49
)
 
(27
)
Commercial real estate
—

 
(1,239
)
Construction and land
—

 
—

Residential
(88
)
 
(1,265
)
Home equity
—

 
(360
)
Consumer and other
(8
)
 
(2
)
Total charge-offs
(145
)
 
(2,893
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
339

 
165

Commercial real estate
330

 
127

Construction and land
151

 
807

Residential
550

 
—

Home equity
—

 
23

Consumer and other
209

 
—

Total recoveries
1,579

 
1,122

 
As of and for the three months ended March 31,
 
2014
 
2013
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
12,200

 
11,849

Commercial real estate
46,366

 
50,466

Construction and land
4,972

 
4,787

Residential
9,746

 
11,454

Home equity
963

 
1,146

Consumer and other
330

 
464

Unallocated
2,028

 
2,120

Total allowance for loan losses at end of period
$
76,605

 
$
82,286
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 months ended March 31, 2014
 
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
$
2,049

 
$
3,161

 
n/a
 
$
2,110

 
$
3

Commercial real estate
29,346

 
40,065

 
n/a
 
30,416

 
269

Construction and land
730

 
1,456

 
n/a
 
816

 
—

Residential
10,163

 
10,766

 
n/a
 
7,134

 
144

Home equity
50

 
50

 
n/a
 
50

 
1

Consumer and other
7

 
7

 
n/a
 
7

 
—

Subtotal
42,345

 
55,505

 
n/a
 
40,533

 
417

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,082

 
1,191

 
$
74

 
1,284

 
9

Commercial real estate
7,814

 
8,243

 
1,095

 
8,453

 
91

Construction and land
2,724

 
2,951

 
239

 
2,731

 
—

Residential
7,725

 
7,985

 
743

 
9,874

 
69

Home equity
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
19,345

 
20,370

 
2,151

 
22,342

 
169

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
3,131

 
4,352

 
74

 
3,394

 
12

Commercial real estate
37,160

 
48,308

 
1,095

 
38,869

 
360

Construction and land
3,454

 
4,407

 
239

 
3,547

 
—

Residential
17,888

 
18,751

 
743

 
17,008

 
213

Home equity
50

 
50

 
—

 
50

 
1

Consumer and other
7

 
7

 
—

 
7

 
—

Total
$
61,690

 
$
75,875

 
$
2,151

 
$
62,875

 
$
586

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

 
As of and for the three months ended March 31, 2013
 
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
$
7,859

 
$
9,043

 
n/a
 
$
7,251

 
$
81

Commercial real estate
39,348

 
58,523

 
n/a
 
39,835

 
101

Construction and land
934

 
1,547

 
n/a
 
2,633

 
91

Residential
6,696

 
8,164

 
n/a
 
3,427

 
29

Home equity
40

 
40

 
n/a
 
280

 
1

Consumer and other
—

 
—

 
n/a
 
—

 
—

Subtotal
54,877

 
77,317

 
n/a
 
53,426

 
303

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
3,245

 
3,310

 
$
369

 
1,676

 
4

Commercial real estate
24,475

 
25,957

 
2,446

 
20,702

 
112

Construction and land
3,965

 
4,046

 
417

 
1,637

 
—

Residential
10,584

 
10,843

 
1,496

 
13,633

 
112

Home equity
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
42,269

 
44,156

 
4,728

 
37,648

 
228

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
11,104

 
12,353

 
369

 
8,927

 
85

Commercial real estate
63,823

 
84,480

 
2,446

 
60,537

 
213

Construction and land
4,899

 
5,593

 
417

 
4,270

 
91

Residential
17,280

 
19,007

 
1,496

 
17,060

 
141

Home equity
40

 
40

 
—

 
280

 
1

Consumer and other
—

 
—

 
—

 
—

 
—

Total
$
97,146

 
$
121,473

 
$
4,728

 
$
91,074

 
$
531

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

 
As of and for the year ended December 31, 2013
 
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
$
2,084

 
$
3,222

 
n/a
 
$
3,908

 
$
332

Commercial real estate
31,917

 
42,493

 
n/a
 
33,861

 
1,265

Construction and land
1,072

 
1,798

 
n/a
 
1,472

 
109

Residential
5,536

 
7,818

 
n/a
 
4,139

 
134

Home equity
50

 
50

 
n/a
 
126

 
5

Consumer and other
7

 
7

 
n/a
 
2

 
—

Subtotal
40,666

 
55,388

 
n/a
 
43,508

 
1,845

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,353

 
1,453

 
$
100

 
2,228

 
63

Commercial real estate
8,692

 
9,166

 
730

 
17,904

 
810

Construction and land
2,758

 
2,982

 
236

 
3,415

 
—

Residential
10,598

 
10,598

 
912

 
12,608

 
484

Home equity
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
23,401

 
24,199

 
1,978

 
36,155

 
1,357

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
3,437

 
4,675

 
100

 
6,136

 
395

Commercial real estate
40,609

 
51,659

 
730

 
51,765

 
2,075

Construction and land
3,830

 
4,780

 
236

 
4,887

 
109

Residential
16,134

 
18,416

 
912

 
16,747

 
618

Home equity
50

 
50

 
—

 
126

 
5

Consumer and other
7

 
7

 
—

 
2

 
—

Total
$
64,067

 
$
79,587

 
$
1,978

 
$
79,663

 
$
3,202

___________________
(1)
Recorded investment represents the client loan balance net of historical charge-offs and historical nonaccrual interest paid, which was applied to principal.
The following tables present the Company’s allowance for loan losses and loan portfolio at March 31, 2014 and December 31, 2013 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2014 or December 31, 2013.
 
Commercial and industrial
 
Commercial real estate
 
Construction and land
 
Residential
 
(In thousands)
Allowance for loan losses balance at March 31, 2014 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
12,126

 
$
45,271

 
$
4,733

 
$
9,003

Loans individually evaluated
74

 
1,095

 
239

 
743

Total allowance for loan losses
$
12,200

 
$
46,366

 
$
4,972

 
$
9,746

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2014:
 
 
 
 
 
 
 
Loans collectively evaluated
$
849,070

 
$
1,821,474

 
$
171,262

 
$
2,017,967

Loans individually evaluated
3,131

 
37,160

 
3,454

 
17,888

Total Loans
$
852,201

 
$
1,858,634

 
$
174,716

 
$
2,035,855

 
 
 
 
 
 
 
 
 
Home equity
 
Consumer
and other
 
Unallocated
 
Total
 
(In thousands)
Allowance for loan losses balance at March 31, 2014 attributable to:
 
 
 
 
 
 
 
Loans collectively evaluated
$
963

 
$
330

 
$
2,028

 
$
74,454

Loans individually evaluated
—

 
—

 
—

 
2,151

Total allowance for loan losses
$
963

 
$
330

 
$
2,028

 
$
76,605

 
 
 
 
 
 
 
 
Recorded investment (loan balance) at March 31, 2014:
 
 
 
 
 
 
 
Loans collectively evaluated
$
108,913

 
$
132,094

 
$
—

 
$
5,100,780

Loans individually evaluated
50

 
7

 
—

 
61,690

Total Loans
$
108,963

 
$
132,101

 
$
—

 
$
5,162,470


 
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
 
(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