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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
As of and for the six months ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
12,200

 
$
11,849

 
$
12,837

 
$
11,825

Commercial real estate
46,366

 
50,466

 
44,979

 
52,497

Construction and land
4,972

 
4,787

 
4,465

 
5,016

Residential
9,746

 
11,454

 
10,732

 
10,892

Home equity
963

 
1,146

 
1,020

 
1,085

Consumer and other
330

 
464

 
322

 
540

Unallocated
2,028

 
2,120

 
2,016

 
2,202

Total allowance for loan losses, beginning of period
76,605

 
82,286

 
76,371

 
84,057

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
357

 
(794
)
 
(570
)
 
(908
)
Commercial real estate
(4,323
)
 
(1,628
)
 
(3,266
)
 
(2,547
)
Construction and land
(654
)
 
213

 
(298
)
 
(823
)
Residential
(229
)
 
311

 
(1,677
)
 
2,138

Home equity
14

 
55

 
(43
)
 
453

Consumer and other
(59
)
 
(49
)
 
(252
)
 
(123
)
Unallocated
(106
)
 
(108
)
 
(94
)
 
(190
)
Total provision/(credit) for loan losses
(5,000
)
 
(2,000
)
 
(6,200
)
 
(2,000
)
Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
(285
)
 
—

 
(334
)
 
(27
)
Commercial real estate
(500
)
 
(1,100
)
 
(500
)
 
(2,339
)
Construction and land
—

 
(100
)
 
—

 
(100
)
Residential
—

 
(140
)
 
(88
)
 
(1,405
)
Home equity
—

 
—

 
—

 
(360
)
Consumer and other
(14
)
 
(3
)
 
(22
)
 
(5
)
Total charge-offs
(799
)
 
(1,343
)
 
(944
)
 
(4,236
)
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
869

 
828

 
1,208

 
993

Commercial real estate
2,543

 
1,006

 
2,873

 
1,133

Construction and land
262

 
23

 
413

 
830

Residential
52

 
—

 
602

 
—

Home equity
15

 
—

 
15

 
23

Consumer and other
—

 
—

 
209

 
—

Total recoveries
3,741

 
1,857

 
5,320

 
2,979

 
As of and for the three months ended June 30,
 
As of and for the six months ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
13,141

 
11,883

 
13,141

 
11,883

Commercial real estate
44,086

 
48,744

 
44,086

 
48,744

Construction and land
4,580

 
4,923

 
4,580

 
4,923

Residential
9,569

 
11,625

 
9,569

 
11,625

Home equity
992

 
1,201

 
992

 
1,201

Consumer and other
257

 
412

 
257

 
412

Unallocated
1,922

 
2,012

 
1,922

 
2,012

Total allowance for loan losses at end of period
$
74,547

 
$
80,800

 
$
74,547

 
$
80,800
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