XML 38 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2016
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,
 
2016
 
2015
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
15,814

 
$
14,114

Commercial real estate
44,215

 
43,854

Construction and land
6,322

 
4,041

Residential
10,544

 
10,374

Home equity
1,085

 
1,003

Consumer and other
520

 
382

Unallocated (1)
—

 
2,070

Total allowance for loan losses, beginning of period
78,500

 
75,838

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(657
)
 
(1,981
)
Commercial real estate
(1,847
)
 
(933
)
Construction and land
(998
)
 
227

Residential
591

 
72

Home equity
(6
)
 
13

Consumer and other
(216
)
 
130

Unallocated
—

 
(28
)
Total provision/(credit) for loan losses
(3,133
)
 
(2,500
)
Loans charged-off:
 
 
 
Commercial and industrial
(2,108
)
 
—

Commercial real estate
—

 
—

Construction and land
(400
)
 
—

Residential
(501
)
 
(49
)
Home equity
—

 
—

Consumer and other
(7
)
 
(5
)
Total charge-offs
(3,016
)
 
(54
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
1,294

 
2,204

Commercial real estate
2,151

 
631

Construction and land
627

 
1,143

Residential
—

 
—

Home equity
—

 
—

Consumer and other
4

 
1

Total recoveries
4,076

 
3,979

 
As of and for the three months ended March 31,
 
2016
 
2015
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
14,343

 
14,337

Commercial real estate
44,519

 
43,552

Construction and land
5,551

 
5,411

Residential
10,634

 
10,397

Home equity
1,079

 
1,016

Consumer and other
301

 
508

Unallocated (1)
—

 
2,042

Total allowance for loan losses at end of period
$
76,427

 
$
77,263

______________________
(1)
As of December 31, 2015, the unallocated reserve was allocated to the qualitative factors as part of the general reserves (ASC 450).
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, 2016
 
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
$
2,446

 
$
4,431

 
n/a
 
 
$
2,132

 
 
$
12

Commercial real estate
11,900

 
20,038

 
n/a
 
 
12,017

 
 
38

Construction and land
2,850

 
4,446

 
n/a
 
 
1,520

 
 
—

Residential
6,821

 
7,181

 
n/a
 
 
7,071

 
 
57

Home equity
—

 
—

 
n/a
 
 
—

 
 
—

Consumer and other
—

 
—

 
n/a
 
 
—

 
 
—

Subtotal
24,017

 
36,096

 
n/a
 
 
22,740

 
 
107

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
48

 
48

 
$
23

 
 
22

 
 
1

Commercial real estate
7,299

 
7,728

 
671

 
 
7,323

 
 
80

Construction and land
—

 
—

 
—

 
 
1,650

 
 
—

Residential
5,578

 
5,578

 
473

 
 
6,192

 
 
43

Home equity
—

 
—

 
—

 
 
—

 
 
—

Consumer and other
—

 
—

 
—

 
 
—

 
 
—

Subtotal
12,925

 
13,354

 
1,167

 
 
15,187

 
 
124

Total:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
2,494

 
4,479

 
23

 
 
2,154

 
 
13

Commercial real estate
19,199

 
27,766

 
671

 
 
19,340

 
 
118

Construction and land
2,850

 
4,446

 
—

 
 
3,170

 
 
—

Residential
12,399

 
12,759

 
473

 
 
13,263

 
 
100

Home equity
—

 
—

 
—

 
 
—

 
 
—

Consumer and other
—

 
—

 
—

 
 
—

 
 
—

Total
$
36,942

 
$
49,450

 
$
1,167

 
 
$
37,927

 
 
$
231

___________________
(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, 2015
 
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
$
191

 
$
255

 
n/a
 
 
$
1,555

 
 
$
807

Commercial real estate
19,059

 
25,414

 
n/a
 
 
20,753

 
 
894

Construction and land
1,272

 
2,290

 
n/a
 
 
7,190

 
 
92

Residential
9,191

 
9,978

 
n/a
 
 
9,526

 
 
78

Home equity
50

 
50

 
n/a
 
 
50

 
 
1

Consumer and other
1,007

 
1,007

 
n/a
 
 
1,007

 
 
—

Subtotal
30,770

 
38,994

 
n/a
 
 
40,081

 
 
1,872

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
941

 
961

 
$
78

 
 
991

 
 
34

Commercial real estate
8,995

 
9,423

 
2,543

 
 
9,036

 
 
92

Construction and land
2,200

 
2,356

 
172

 
 
2,200

 
 
—

Residential
7,536

 
7,887

 
1,311

 
 
7,103

 
 
49

Home equity
—

 
—

 
—

 
 
—

 
 
—

Consumer and other
—

 
—

 
—

 
 
—

 
 
—

Subtotal
19,672

 
20,627

 
4,104

 
 
19,330

 
 
175

Total:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,132

 
1,216

 
78

 
 
2,546

 
 
841

Commercial real estate
28,054

 
34,837

 
2,543

 
 
29,789

 
 
986

Construction and land
3,472

 
4,646

 
172

 
 
9,390

 
 
92

Residential
16,727

 
17,865

 
1,311

 
 
16,629

 
 
127

Home equity
50

 
50

 
—

 
 
50

 
 
1

Consumer and other
1,007

 
1,007

 
—

 
 
1,007

 
 
—

Total
$
50,442

 
$
59,621

 
$
4,104

 
 
$
59,411

 
 
$
2,047

___________________
(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, 2015
 
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
$
2,259

 
$
2,569

 
n/a
 
$
1,638

 
$
836

Commercial real estate
12,116

 
20,113

 
n/a
 
17,885

 
1,494

Construction and land
1,097

 
2,132

 
n/a
 
3,027

 
92

Residential
7,788

 
8,576

 
n/a
 
9,384

 
269

Home equity
—

 
—

 
n/a
 
42

 
2

Consumer and other
—

 
—

 
n/a
 
545

 
61

Subtotal
23,260

 
33,390

 
n/a
 
32,521

 
2,754

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
15

 
15

 
$
270

 
657

 
66

Commercial real estate
7,346

 
7,775

 
713

 
8,749

 
385

Construction and land
2,200

 
2,356

 
172

 
2,200

 
—

Residential
6,351

 
6,966

 
474

 
6,940

 
186

Home equity
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
15,912

 
17,112

 
1,629

 
18,546

 
637

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
2,274

 
2,584

 
270

 
2,295

 
902

Commercial real estate
19,462

 
27,888

 
713

 
26,634

 
1,879

Construction and land
3,297

 
4,488

 
172

 
5,227

 
92

Residential
14,139

 
15,542

 
474

 
16,324

 
455

Home equity
—

 
—

 
—

 
42

 
2

Consumer and other
—

 
—

 
—

 
545

 
61

Total
$
39,172

 
$
50,502

 
$
1,629

 
$
51,067

 
$
3,391

___________________
(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, 2016 and December 31, 2015 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2016 or December 31, 2015.
 
March 31, 2016
 
Individually Evaluated
for Impairment
 
Collectively Evaluated
for Impairment
 
Total
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
(In thousands)
Commercial and industrial
$
2,494

 
$
23

 
$
1,067,477

 
$
14,320

 
$
1,069,971

 
$
14,343

Commercial real estate
19,199

 
671

 
1,906,320

 
43,848

 
1,925,519

 
44,519

Construction and land
2,850

 
—

 
163,824

 
5,551

 
166,674

 
5,551

Residential
12,399

 
473

 
2,204,476

 
10,161

 
2,216,875

 
10,634

Home equity
—

 
—

 
118,807

 
1,079

 
118,807

 
1,079

Consumer
—

 
—

 
160,335

 
301

 
160,335

 
301

Total
$
36,942

 
$
1,167

 
$
5,621,239

 
$
75,260

 
$
5,658,181

 
$
76,427

 
December 31, 2015
 
Individually Evaluated
for Impairment
 
Collectively Evaluated
for Impairment
 
Total
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
Recorded investment
(loan balance)
 
Allowance for loan losses
 
(In thousands)
Commercial and industrial
$
2,274

 
$
270

 
$
1,109,281

 
$
15,544

 
$
1,111,555

 
$
15,814

Commercial real estate
19,462

 
713

 
1,894,672

 
43,502

 
1,914,134

 
44,215

Construction and land
3,297

 
172

 
180,137

 
6,150

 
183,434

 
6,322

Residential
14,139

 
474

 
2,215,401

 
10,070

 
2,229,540

 
10,544

Home equity
—

 
—

 
119,828

 
1,085

 
119,828

 
1,085

Consumer
—

 
—

 
160,721

 
520

 
160,721

 
520

Total
$
39,172

 
$
1,629

 
$
5,680,040

 
$
76,871

 
$
5,719,212

 
$
78,500