Loan Portfolio and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

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:

	June 30, 2014		December 31, 2013
	(In thousands)
Commercial and industrial	$	882,463	$	866,053
Commercial real estate	1,780,901		1,813,394
Construction and land	150,422		153,917
Residential	2,039,072		2,032,294
Home equity	112,504		113,660
Consumer and other	140,689		133,141
Total Loans	$	5,106,051	$	5,112,459

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:

	June 30, 2014		December 31, 2013
	(In thousands)
Commercial and industrial	$	2,177	$	3,484
Commercial real estate	19,421		23,967
Construction and land	3,396		3,489
Residential	14,080		12,777
Home equity	1,273		1,020
Consumer and other	1,273		25
Total	$	41,620	$	44,762

Past Due Financing Receivables [Table Text Block]

The following tables show the payment status of loans by class of receivable as of the dates indicated:

	June 30, 2014
	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 Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	529	$	370	$	—	$	899	$	210	$	—	$	1,967	$	2,177	$	879,387	$	882,463
Commercial real estate	1,318		824		—		2,142		18,141		—		1,280		19,421		1,759,338		1,780,901
Construction and land	—		11		66		77		296		14		3,086		3,396		146,949		150,422
Residential	—		265		—		265		3,622		1,711		8,747		14,080		2,024,727		2,039,072
Home equity	2,522		—		—		2,522		19		—		1,254		1,273		108,709		112,504
Consumer and other	134		11		—		145		1,032		—		241		1,273		139,271		140,689
Total	$	4,503	$	1,481	$	66	$	6,050	$	23,320	$	1,725	$	16,575	$	41,620	$	5,058,381	$	5,106,051

	December 31, 2013
	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 Past Due		Total Non-Accrual Loans		Current Accruing Loans		Total Loans Receivable
	(In thousands)
Commercial and industrial	$	1,075	$	454	$	—	$	1,529	$	1,192	$	—	$	2,292	$	3,484	$	861,040	$	866,053
Commercial real estate	775		—		—		775		13,337		—		10,630		23,967		1,788,652		1,813,394
Construction and land	1,631		21		65		1,717		392		43		3,054		3,489		148,711		153,917
Residential	8,181		226		—		8,407		4,058		1,630		7,089		12,777		2,011,110		2,032,294
Home equity	542		4		—		546		—		1,000		20		1,020		112,094		113,660
Consumer and other	826		7		—		833		17		—		8		25		132,283		133,141
Total	$	13,030	$	712	$	65	$	13,807	$	18,996	$	2,673	$	23,093	$	44,762	$	5,053,890	$	5,112,459

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables present the loan portfolio’s credit risk profile by internally assigned grade and class of receivable as of the dates indicated:

	June 30, 2014
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	860,727	$	11,548	$	8,011	$	2,177	$	882,463
Commercial real estate	1,663,408		77,407		20,665		19,421		1,780,901
Construction and land	128,892		17,646		488		3,396		150,422
Residential	2,014,692		—		10,300		14,080		2,039,072
Home equity	110,709		—		522		1,273		112,504
Consumer and other	139,409		—		7		1,273		140,689
Total	$	4,917,837	$	106,601	$	39,993	$	41,620	$	5,106,051

	December 31, 2013
	By Loan Grade or Nonaccrual Status
	Pass		Special Mention		Accruing Substandard		Nonaccrual Loans		Total
	(In thousands)
Commercial and industrial	$	849,535	$	4,857	$	8,177	$	3,484	$	866,053
Commercial real estate	1,709,265		60,305		19,857		23,967		1,813,394
Construction and land	128,667		21,172		589		3,489		153,917
Residential	2,006,707		—		12,810		12,777		2,032,294
Home equity	112,065		—		575		1,020		113,660
Consumer and other	132,130		979		7		25		133,141
Total	$	4,938,369	$	87,313	$	42,015	$	44,762	$	5,112,459

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 six months ended June 30, 2014
	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	$	2,037	$	3,154	n/a		$	2,043	$	2,081	$	1	$	4
Commercial real estate	24,277		34,378		n/a		25,577		27,804		1,564		1,833
Construction and land	730		1,456		n/a		731		779		—		—
Residential	12,215		12,818		n/a		11,035		8,930		54		198
Home equity	50		50		n/a		50		50		—		1
Consumer and other	1,007		1,007		n/a		257		150		1		1
Subtotal	40,316		52,863		n/a		39,693		39,794		1,620		2,037
With an allowance recorded:
Commercial and industrial	1,060		1,168		$	74	1,089		1,201		19		28
Commercial real estate	7,594		8,022		1,003		7,660		8,091		97		188
Construction and land	2,666		2,897		221		2,696		2,712		—		—
Residential	6,996		6,996		609		7,544		8,850		56		125
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	18,316		19,083		1,907		18,989		20,854		172		341
Total:
Commercial and industrial	3,097		4,322		74		3,132		3,282		20		32
Commercial real estate	31,871		42,400		1,003		33,237		35,895		1,661		2,021
Construction and land	3,396		4,353		221		3,427		3,491		—		—
Residential	19,211		19,814		609		18,579		17,780		110		323
Home equity	50		50		—		50		50		—		1
Consumer and other	1,007		1,007		—		257		150		1		1
Total	$	58,632	$	71,946	$	1,907	$	58,682	$	60,648	$	1,792	$	2,378

___________________

(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 and six months ended June 30, 2013
	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	$	2,947	$	4,108	n/a		$	3,752	$	5,503	$	189	$	270
Commercial real estate	29,838		44,362		n/a		34,007		36,921		433		534
Construction and land	1,086		1,802		n/a		1,099		1,866		6		97
Residential	3,087		4,506		n/a		5,767		4,597		57		86
Home equity	90		90		n/a		53		165		—		1
Consumer and other	—		—		n/a		—		—		—		—
Subtotal	37,048		54,868		n/a		44,678		49,052		685		988
With an allowance recorded:
Commercial and industrial	2,337		2,405		$	257	2,981		2,328		18		22
Commercial real estate	19,623		22,699		1,913		21,398		21,050		476		588
Construction and land	4,137		4,309		639		3,959		2,798		—		—
Residential	13,209		13,468		1,530		11,236		12,435		177		289
Home equity	—		—		—		—		—		—		—
Consumer and other	—		—		—		—		—		—		—
Subtotal	39,306		42,881		4,339		39,574		38,611		671		899
Total:
Commercial and industrial	5,284		6,513		257		6,733		7,831		207		292
Commercial real estate	49,461		67,061		1,913		55,405		57,971		909		1,122
Construction and land	5,223		6,111		639		5,058		4,664		6		97
Residential	16,296		17,974		1,530		17,003		17,032		234		375
Home equity	90		90		—		53		165		—		1
Consumer and other	—		—		—		—		—		—		—
Total	$	76,354	$	97,749	$	4,339	$	84,252	$	87,663	$	1,356	$	1,887

___________________

(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 June 30, 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 June 30, 2014 or December 31, 2013.

	Commercial and industrial		Commercial real estate		Construction and land		Residential
	(In thousands)
Allowance for loan losses balance at June 30, 2014 attributable to:
Loans collectively evaluated	$	13,067	$	43,083	$	4,359	$	8,960
Loans individually evaluated	74		1,003		221		609
Total allowance for loan losses	$	13,141	$	44,086	$	4,580	$	9,569
Recorded investment (loan balance) at June 30, 2014:
Loans collectively evaluated	$	879,366	$	1,749,030	$	147,026	$	2,019,861
Loans individually evaluated	3,097		31,871		3,396		19,211
Total Loans	$	882,463	$	1,780,901	$	150,422	$	2,039,072
	Home equity		Consumer and other		Unallocated		Total
	(In thousands)
Allowance for loan losses balance at June 30, 2014 attributable to:
Loans collectively evaluated	$	992	$	257	$	1,922	$	72,640
Loans individually evaluated	—		—		—		1,907
Total allowance for loan losses	$	992	$	257	$	1,922	$	74,547
Recorded investment (loan balance) at June 30, 2014:
Loans collectively evaluated	$	112,454	$	139,682	$	—	$	5,047,419
Loans individually evaluated	50		1,007		—		58,632
Total Loans	$	112,504	$	140,689	$	—	$	5,106,051

	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

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present the balance of TDRs that were restructured or defaulted during the periods indicated:

	As of and for the three months ended June 30, 2014
	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	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	2	115		115		—	—
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	2	$	115	$	115	—	$	—

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

	As of and for the six months ended June 30, 2014
	Restructured Year to Date					TDRs that defaulted 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	—	$	—	$	—	—	$	—
Commercial real estate	—	—		—		—	—
Construction and land	—	—		—		—	—
Residential (1)	3	287		296		2	145
Home equity	—	—		—		—	—
Consumer and other	—	—		—		—	—
Total	3	$	287	$	296	2	$	145

___________________

(1) Represents the following concessions: temporary reduction of interest rate.

	As of and for the three months ended June 30, 2013
	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	$	150	$	150	—	$	—
Commercial real estate	—	—		—		2	2,994
Construction and land (2)	3	3,257		3,257		—	—
Residential (3)	8	707		707		1	1,116
Home equity (4)	1	40		40		—	—
Consumer and other	—	—		—		—	—
Total	13	$	4,154	$	4,154	3	$	4,110

___________________

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

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

(3) Represents the following concessions: temporary reduction of interest rate.

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

	As of and for the six months ended June 30, 2013
	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	$	1,369	$	1,369	—	$	—
Commercial real estate (2)	5	9,163		9,163		3	3,555
Construction and land (3)	4	3,604		3,604		—	—
Residential (4)	8	707		707		1	1,116
Home equity (5)	1	40		40		—	—
Consumer and other	—	—		—		—	—
Total	21	$	14,883	$	14,883	4	$	4,671

___________________

(1) Represents the following concessions: extension of term (1 loan; post-modification recorded investment of $1.0 million), temporary reduction of interest rate (1 loan; post-modification recorded investment of $0.2 million), and combination of concessions (1 loan; post-modification recorded investment of $0.2 million).

(2) Represents the following concessions: extension of term (4 loans; post-modification recorded investment of $9.0 million) and combination of concessions (1 loan; post-modification recorded investment of $0.2 million).

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

(4) Represents the following concessions: temporary reduction of interest rate.

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