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Loan Portfolio and Credit Quality (Tables)
6 Months Ended
Jun. 30, 2016
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,
2016
 
December 31, 2015
 
(In thousands)
Commercial and industrial
$
1,042,917

 
$
1,111,555

Commercial real estate
1,977,312

 
1,914,134

Construction and land
142,549

 
183,434

Residential
2,280,116

 
2,229,540

Home equity
125,486

 
119,828

Consumer and other
183,117

 
160,721

Total Loans
$
5,751,497

 
$
5,719,212

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,
2016
 
December 31, 2015
 
(In thousands)
Commercial and industrial
$
1,106

 
$
1,019

Commercial real estate
6,934

 
11,232

Construction and land
861

 
3,297

Residential
8,967

 
9,661

Home equity
1,295

 
1,306

Consumer and other
25

 
56

Total
$
19,188

 
$
26,571

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, 2016
 
Accruing Past Due
 
Nonaccrual Loans
 
 
 
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days or
Greater
Past Due
 
Total Accruing Past Due
 
Current Payment Status
 
30-89 Days Past Due
 
90 Days or
Greater
Past Due
 
Total Non-Accrual Loans
 
Current Accruing Loans
 
Total
Loans
Receivable
 
(In thousands)
Commercial and industrial
$
3,151

 
$

 
$

 
$
3,151

 
$
1,106

 
$

 
$

 
$
1,106

 
$
1,038,660

 
$
1,042,917

Commercial real estate
1,329

 
161

 

 
1,490

 
3,922

 

 
3,012

 
6,934

 
1,968,888

 
1,977,312

Construction and land

 

 
115

 
115

 
74

 
29

 
758

 
861

 
141,573

 
142,549

Residential

 
2,481

 

 
2,481

 
2,843

 
765

 
5,359

 
8,967

 
2,268,668

 
2,280,116

Home equity
239

 

 

 
239

 
84

 

 
1,211

 
1,295

 
123,952

 
125,486

Consumer and other
75

 
190

 

 
265

 
10

 
8

 
7

 
25

 
182,827

 
183,117

Total
$
4,794

 
$
2,832

 
$
115

 
$
7,741

 
$
8,039

 
$
802

 
$
10,347

 
$
19,188

 
$
5,724,568

 
$
5,751,497


 
December 31, 2015
 
Accruing Past Due
 
Nonaccrual Loans
 
 
 
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Total Accruing Past Due
 
Current Payment Status
 
30-89 Days Past Due
 
90 Days or Greater Past Due
 
Total Non-Accrual Loans
 
Current Accruing Loans
 
Total Loans Receivable
 
(In thousands)
Commercial and industrial
$
2,329

 
$
338

 
$
2,667

 
$
726

 
$

 
$
293

 
$
1,019

 
$
1,107,869

 
$
1,111,555

Commercial real estate
2,091

 
529

 
2,620

 
5,912

 

 
5,320

 
11,232

 
1,900,282

 
1,914,134

Construction and land

 

 

 
149

 
34

 
3,114

 
3,297

 
180,137

 
183,434

Residential
6,267

 
873

 
7,140

 
924

 
874

 
7,863

 
9,661

 
2,212,739

 
2,229,540

Home equity
40

 

 
40

 
217

 

 
1,089

 
1,306

 
118,482

 
119,828

Consumer and other
235

 
392

 
627

 
24

 
9

 
23

 
56

 
160,038

 
160,721

Total
$
10,962

 
$
2,132

 
$
13,094

 
$
7,952

 
$
917

 
$
17,702

 
$
26,571

 
$
5,679,547

 
$
5,719,212

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, 2016
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special Mention
 
Accruing Substandard
 
Nonaccrual Loans
 
Total
 
(In thousands)
Commercial and industrial
$
1,009,528

 
$
17,084

 
$
15,199

 
$
1,106

 
$
1,042,917

Commercial real estate
1,895,974

 
35,760

 
38,644

 
6,934

 
1,977,312

Construction and land
125,069

 
12,796

 
3,823

 
861

 
142,549

Residential
2,264,593

 

 
6,556

 
8,967

 
2,280,116

Home equity
124,191

 

 

 
1,295

 
125,486

Consumer and other
181,402

 
1,688

 
2

 
25

 
183,117

Total
$
5,600,757

 
$
67,328

 
$
64,224

 
$
19,188

 
$
5,751,497


 
December 31, 2015
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special Mention
 
Accruing Substandard
 
Nonaccrual Loans
 
Total
 
(In thousands)
Commercial and industrial
$
1,070,438

 
$
28,643

 
$
11,455

 
$
1,019

 
$
1,111,555

Commercial real estate
1,841,603

 
27,594

 
33,705

 
11,232

 
1,914,134

Construction and land
162,563

 
12,974

 
4,600

 
3,297

 
183,434

Residential
2,213,204

 

 
6,675

 
9,661

 
2,229,540

Home equity
118,522

 

 

 
1,306

 
119,828

Consumer and other
158,686

 

 
1,979

 
56

 
160,721

Total
$
5,565,016

 
$
69,211

 
$
58,414

 
$
26,571

 
$
5,719,212

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, 2016
 
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
$
8,595

 
$
10,622

 
n/a
 
$
5,668

 
$
4,107

 
$
59

 
$
71

Commercial real estate
7,780

 
14,088

 
n/a
 
9,794

 
10,764

 
504

 
542

Construction and land
861

 
1,793

 
n/a
 
2,337

 
1,797

 

 

Residential
7,653

 
8,013

 
n/a
 
7,565

 
7,389

 
57

 
114

Home equity

 

 
n/a
 

 

 

 

Consumer and other

 

 
n/a
 

 

 

 

Subtotal
24,889

 
34,516

 
n/a
 
25,364

 
24,057

 
620

 
727

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
37

 
37

 
$
22

 
44

 
31

 

 
1

Commercial real estate
7,233

 
7,662

 
640

 
7,266

 
7,294

 
78

 
158

Construction and land

 

 

 

 
943

 

 

Residential
5,682

 
5,682

 
439

 
5,630

 
5,958

 
36

 
79

Home equity

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

Subtotal
12,952

 
13,381

 
1,101

 
12,940

 
14,226

 
114

 
238

Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
8,632

 
10,659

 
22

 
5,712

 
4,138

 
59

 
72

Commercial real estate
15,013

 
21,750

 
640

 
17,060

 
18,058

 
582

 
700

Construction and land
861

 
1,793

 

 
2,337

 
2,740

 

 

Residential
13,335

 
13,695

 
439

 
13,195

 
13,347

 
93

 
193

Home equity

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

Total
$
37,841

 
$
47,897

 
$
1,101

 
$
38,304

 
$
38,283

 
$
734

 
$
965

___________________
(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, 2015
 
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
$
1,479

 
$
1,537

 
n/a
 
$
509

 
$
1,152

 
$
1

 
$
808

Commercial real estate
18,050

 
25,881

 
n/a
 
18,675

 
19,808

 
72

 
966

Construction and land
1,215

 
2,240

 
n/a
 
1,243

 
4,637

 

 
92

Residential
10,239

 
11,026

 
n/a
 
9,444

 
9,527

 
73

 
151

Home equity
50

 
50

 
n/a
 
50

 
50

 

 
1

Consumer and other
1,007

 
1,007

 
n/a
 
1,007

 
1,007

 
1

 
1

Subtotal
32,040

 
41,741

 
n/a
 
30,928

 
36,181

 
147

 
2,019

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,701

 
1,714

 
$
316

 
1,350

 
1,203

 
20

 
54

Commercial real estate
7,144

 
7,572

 
776

 
8,095

 
8,504

 
124

 
216

Construction and land
2,200

 
2,356

 
172

 
2,200

 
2,200

 

 

Residential
7,329

 
7,681

 
1,234

 
7,479

 
7,257

 
51

 
100

Home equity

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

Subtotal
18,374

 
19,323

 
2,498

 
19,124

 
19,164

 
195

 
370

Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
3,180

 
3,251

 
316

 
1,859

 
2,355

 
21

 
862

Commercial real estate
25,194

 
33,453

 
776

 
26,770

 
28,312

 
196

 
1,182

Construction and land
3,415

 
4,596

 
172

 
3,443

 
6,837

 

 
92

Residential
17,568

 
18,707

 
1,234

 
16,923

 
16,784

 
124

 
251

Home equity
50

 
50

 

 
50

 
50

 

 
1

Consumer and other
1,007

 
1,007

 

 
1,007

 
1,007

 
1

 
1

Total
$
50,414

 
$
61,064

 
$
2,498

 
$
50,052

 
$
55,345

 
$
342

 
$
2,389

___________________
(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 June 30, 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 June 30, 2016 or December 31, 2015.
 
June 30, 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
$
8,632

 
$
22

 
$
1,034,285

 
$
13,224

 
$
1,042,917

 
$
13,246

Commercial real estate
15,013

 
640

 
1,962,299

 
44,867

 
1,977,312

 
45,507

Construction and land
861

 

 
141,688

 
4,740

 
142,549

 
4,740

Residential
13,335

 
439

 
2,266,781

 
10,313

 
2,280,116

 
10,752

Home equity

 

 
125,486

 
1,139

 
125,486

 
1,139

Consumer

 

 
183,117

 
369

 
183,117

 
369

Total
$
37,841

 
$
1,101

 
$
5,713,656

 
$
74,652

 
$
5,751,497

 
$
75,753

 
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

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 and the types of concessions granted:
 
As of and for the three months ended June 30, 2016
 
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
2

 
$
7,209

 
$
7,209

 

 
$

Commercial real estate
1

 
1,276

 
1,276

 

 

Construction and land

 

 

 

 

Residential
1

 
115

 
116

 

 

Home equity

 

 

 

 

Consumer and other

 

 

 

 

Total
4

 
$
8,600

 
$
8,601

 

 
$


 
As of and for the three months ended June 30, 2016
 
Extension of term
 
Temporary rate reduction
 
Payment deferral
 
Combination of concessions (1)
 
Total concessions
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
(Dollars in thousands)
Commercial and industrial
2

 
$
7,209

 

 
$

 

 
$

 

 
$

 
2

 
$
7,209

Commercial real estate

 

 

 

 

 

 
1

 
1,276

 
1

 
1,276

Construction and land

 

 

 

 

 

 

 

 

 

Residential

 

 
1

 
116

 

 

 

 

 
1

 
116

Home equity

 

 

 

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

 

 

 

______________________
(1)
Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

 
As of and for the six months ended June 30, 2016
 
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
3

 
$
7,384

 
$
7,209

 

 
$

Commercial real estate
1

 
1,276

 
1,276

 

 

Construction and land

 

 

 

 

Residential
2

 
260

 
261

 

 

Home equity

 

 

 

 

Consumer and other

 

 

 

 

Total
6

 
$
8,920

 
$
8,746

 

 
$


 
As of and for the six months ended June 30, 2016
 
Extension of term
 
Temporary rate reduction
 
Payment deferral
 
Combination of concessions (1)
 
Total concessions
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
(Dollars in thousands)
Commercial and industrial
2

 
$
7,209

 

 
$

 

 
$

 
1

 
$

 
3

 
$
7,209

Commercial real estate

 

 

 

 

 

 
1

 
1,276

 
1

 
1,276

Construction and land

 

 

 

 

 

 

 

 

 

Residential

 

 
2

 
261

 

 

 

 

 
2

 
261

Home equity

 

 

 

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

 

 

 

______________________
(1)
Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

 
As of and for the three months ended June 30, 2015
 
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

 
$
1,298

 
$
1,304

 

 
$

Commercial real estate
1

 
4,118

 
4,118

 

 

Construction and land

 

 

 

 

Residential
2

 
131

 
134

 

 

Home equity

 

 

 

 

Consumer and other

 

 

 

 

Total
4

 
$
5,547

 
$
5,556

 

 
$



 
As of and for the three months ended June 30, 2015
 
Extension of term
 
Temporary rate reduction
 
Payment deferral
 
Combination of concessions (1)
 
Total concessions
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
(Dollars in thousands)
Commercial and industrial

 
$

 

 
$

 

 
$

 
1

 
$
1,304

 
1

 
$
1,304

Commercial real estate
1

 
4,118

 

 

 

 

 

 

 
1

 
4,118

Construction and land

 

 

 

 

 

 

 

 

 

Residential

 

 
1

 
109

 
1

 
25

 

 

 
2

 
134

Home equity

 

 

 

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

 

 

 


______________________
(1)
Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.

 
As of and for the six months ended June 30, 2015
 
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
1

 
$
1,298

 
$
1,304

 

 
$

Commercial real estate
1

 
4,118

 
4,118

 

 

Construction and land

 

 

 

 

Residential
8

 
513

 
516

 

 

Home equity

 

 

 

 

Consumer and other

 

 

 

 

Total
10

 
$
5,929

 
$
5,938

 

 
$


 
As of and for the six months ended June 30, 2015
 
Extension of term
 
Temporary rate reduction
 
Payment deferral
 
Combination of concessions (1)
 
Total concessions
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
# of
Loans
 
Post-
modifi-
cation
recorded
invest-
ment
 
(Dollars in thousands)
Commercial and industrial

 
$

 

 
$

 

 
$

 
1

 
$
1,304

 
1

 
$
1,304

Commercial real estate
1

 
4,118

 

 

 

 

 

 

 
1

 
4,118

Construction and land

 

 

 

 

 

 

 

 

 

Residential

 

 
7

 
491

 
1

 
25

 

 

 
8

 
516

Home equity

 

 

 

 

 

 

 

 

 

Consumer and other

 

 

 

 

 

 

 

 

 

______________________
(1)
Combination of concessions includes loans that have had more than one modification, including extension of term, temporary reduction of interest rate, and/or payment deferral.