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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
As of and for the six months ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
14,343

 
$
14,337

 
$
15,814

 
$
14,114

Commercial real estate
44,519

 
43,552

 
44,215

 
43,854

Construction and land
5,551

 
5,411

 
6,322

 
4,041

Residential
10,634

 
10,397

 
10,544

 
10,374

Home equity
1,079

 
1,016

 
1,085

 
1,003

Consumer and other
301

 
508

 
520

 
382

Unallocated (1)
—

 
2,042

 
—

 
2,070

Total allowance for loan losses, beginning of period
76,427

 
77,263

 
78,500

 
75,838

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
(1,179
)
 
204

 
(1,836
)
 
(1,777
)
Commercial real estate
(803
)
 
(333
)
 
(2,650
)
 
(1,266
)
Construction and land
(811
)
 
7

 
(1,809
)
 
234

Residential
114

 
(52
)
 
705

 
20

Home equity
60

 
8

 
54

 
21

Consumer and other
84

 
75

 
(132
)
 
205

Unallocated
—

 
91

 
—

 
63

Total provision/(credit) for loan losses
(2,535
)
 
—

 
(5,668
)
 
(2,500
)
Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
—

 
(3
)
 
(2,108
)
 
(3
)
Commercial real estate
—

 
—

 
—

 
—

Construction and land
—

 
—

 
(400
)
 
—

Residential
—

 
—

 
(501
)
 
(49
)
Home equity
—

 
—

 
—

 
—

Consumer and other
(19
)
 
(55
)
 
(26
)
 
(60
)
Total charge-offs
(19
)
 
(58
)
 
(3,035
)
 
(112
)
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
82

 
83

 
1,376

 
2,287

Commercial real estate
1,791

 
914

 
3,942

 
1,545

Construction and land
—

 
—

 
627

 
1,143

Residential
4

 
49

 
4

 
49

Home equity
—

 
—

 
—

 
—

Consumer and other
3

 
—

 
7

 
1

Total recoveries
1,880

 
1,046

 
5,956

 
5,025

 
As of and for the three months ended June 30,
 
As of and for the six months ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
13,246

 
14,621

 
13,246

 
14,621

Commercial real estate
45,507

 
44,133

 
45,507

 
44,133

Construction and land
4,740

 
5,418

 
4,740

 
5,418

Residential
10,752

 
10,394

 
10,752

 
10,394

Home equity
1,139

 
1,024

 
1,139

 
1,024

Consumer and other
369

 
528

 
369

 
528

Unallocated (1)
—

 
2,133

 
—

 
2,133

Total allowance for loan losses at end of period
$
75,753

 
$
78,251

 
$
75,753

 
$
78,251

______________________
(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 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