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Loan Portfolio and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2017
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 by portfolio segment and class of receivable as of the dates indicated:
 
March 31, 2017
 
December 31, 2016
 
(In thousands)
Commercial and industrial
$
580,354

 
$
611,370

Commercial tax exempt
409,432

 
398,604

Total commercial and industrial
989,786

 
1,009,974

Commercial real estate
2,368,627

 
2,302,244

Construction and land
117,007

 
104,839

Residential
2,463,616

 
2,379,861

Home equity
114,536

 
118,817

Consumer and other
196,645

 
198,619

Total
$
6,250,217

 
$
6,114,354
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The following table presents nonaccrual loans receivable by portfolio segment and class of receivable as of the dates indicated:
 
March 31, 2017
 
December 31, 2016
 
(In thousands)
Commercial and industrial
$
572

 
$
572

Commercial tax exempt
4,337

 
—

Total commercial and industrial
4,909

 
572

Commercial real estate
3,856

 
4,583

Construction and land
147

 
179

Residential
10,962

 
10,908

Home equity
1,070

 
1,072

Consumer and other
1

 
1

Total
$
20,945

 
$
17,315
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:
 
March 31, 2017
 
Accruing Past Due
 
Nonaccrual Loans
 
 
 
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Total Accruing Past Due
 
Current
 
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
$
2,115

 
$
223

 
$
2,338

 
$
491

 
$
—

 
$
81

 
$
572

 
$
577,444

 
$
580,354

Commercial tax exempt
—

 
—

 
—

 
—

 
4,337

 
—

 
4,337

 
405,095

 
409,432

Commercial real estate
8,251

 
9,518

 
17,769

 
1,673

 
546

 
1,637

 
3,856

 
2,347,002

 
2,368,627

Construction and land
109

 
—

 
109

 
85

 
28

 
34

 
147

 
116,751

 
117,007

Residential
6,078

 
—

 
6,078

 
7,618

 
954

 
2,390

 
10,962

 
2,446,576

 
2,463,616

Home equity
780

 
—

 
780

 
—

 
—

 
1,070

 
1,070

 
112,686

 
114,536

Consumer and other
1,406

 
245

 
1,651

 
1

 
—

 
—

 
1

 
194,993

 
196,645

Total
$
18,739

 
$
9,986

 
$
28,725

 
$
9,868

 
$
5,865

 
$
5,212

 
$
20,945

 
$
6,200,547

 
$
6,250,217


 
December 31, 2016
 
Accruing Past Due
 
Nonaccrual Loans
 
 
 
 
 
30-59 Days Past Due
 
60-89 Days Past Due
 
Total Accruing Past Due
 
Current
 
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
$
541

 
$
1,078

 
$
1,619

 
$
537

 
$
—

 
$
35

 
$
572

 
$
609,179

 
$
611,370

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

 
398,604

 
398,604

Commercial real estate
3,096

 
—

 
3,096

 
2,311

 
835

 
1,437

 
4,583

 
2,294,565

 
2,302,244

Construction and land
—

 
—

 
—

 
129

 
12

 
38

 
179

 
104,660

 
104,839

Residential
3,646

 
536

 
4,182

 
2,148

 
1,274

 
7,486

 
10,908

 
2,364,771

 
2,379,861

Home equity
245

 
—

 
245

 
—

 
80

 
992

 
1,072

 
117,500

 
118,817

Consumer and other
5,995

 
—

 
5,995

 
1

 
—

 
—

 
1

 
192,623

 
198,619

Total
$
13,523

 
$
1,614

 
$
15,137

 
$
5,126

 
$
2,201

 
$
9,988

 
$
17,315

 
$
6,081,902

 
$
6,114,354
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:
 
March 31, 2017
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special Mention
 
Accruing Substandard
 
Nonaccrual Loans
 
Total
 
(In thousands)
Commercial and industrial
$
558,621

 
$
10,743

 
$
10,418

 
$
572

 
$
580,354

Commercial tax exempt
399,442

 
5,653

 
—

 
4,337

 
409,432

Commercial real estate
2,282,055

 
33,291

 
49,425

 
3,856

 
2,368,627

Construction and land
113,604

 
109

 
3,147

 
147

 
117,007

Residential
2,451,267

 
—

 
1,387

 
10,962

 
2,463,616

Home equity
113,466

 
—

 
—

 
1,070

 
114,536

Consumer and other
196,642

 
—

 
2

 
1

 
196,645

Total
$
6,115,097

 
$
49,796

 
$
64,379

 
$
20,945

 
$
6,250,217

 
December 31, 2016
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special Mention
 
Accruing Substandard
 
Nonaccrual Loans
 
Total
 
(In thousands)
Commercial and industrial
$
591,388

 
$
10,133

 
$
9,277

 
$
572

 
$
611,370

Commercial tax exempt
388,544

 
10,060

 
—

 
—

 
398,604

Commercial real estate
2,230,732

 
17,233

 
49,696

 
4,583

 
2,302,244

Construction and land
101,254

 
109

 
3,297

 
179

 
104,839

Residential
2,367,554

 
—

 
1,399

 
10,908

 
2,379,861

Home equity
117,745

 
—

 
—

 
1,072

 
118,817

Consumer and other
198,616

 
—

 
2

 
1

 
198,619

Total
$
5,995,833

 
$
37,535

 
$
63,671

 
$
17,315

 
$
6,114,354
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, 2017
 
Recorded Investment (1)
 
Unpaid Principal Balance
 
Related Allowance
 
YTD Average Recorded Investment
 
YTD Interest Income Recognized while Impaired
 
(In thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
1,670

 
$
2,045

 
n/a
 
$
1,731

 
$
13

Commercial tax exempt
4,337

 
4,337

 
n/a
 
3,253

 
—

Commercial real estate
3,747

 
8,787

 
n/a
 
4,269

 
246

Construction and land
147

 
479

 
n/a
 
164

 
—

Residential
9,401

 
9,773

 
n/a
 
8,465

 
101

Home equity
—

 
—

 
n/a
 
—

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

Subtotal
19,302

 
25,421

 
n/a
 
17,882

 
360

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
—

 
—

 
$
—

 
—

 
—

Commercial tax exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
7,041

 
7,470

 
475

 
7,073

 
75

Construction and land
—

 
—

 
—

 
—

 
—

Residential
2,931

 
2,931

 
517

 
3,917

 
39

Home equity
37

 
37

 
21

 
37

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
10,009

 
10,438

 
1,013

 
11,027

 
114

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,670

 
2,045

 
—

 
1,731

 
13

Commercial tax exempt
4,337

 
4,337

 
—

 
3,253

 
—

Commercial real estate
10,788

 
16,257

 
475

 
11,342

 
321

Construction and land
147

 
479

 
—

 
164

 
—

Residential
12,332

 
12,704

 
517

 
12,382

 
140

Home equity
37

 
37

 
21

 
37

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Total
$
29,311

 
$
35,859

 
$
1,013

 
$
28,909

 
$
474

_____________________
(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, 2016
 
Recorded Investment (1)
 
Unpaid Principal Balance
 
Related Allowance
 
YTD Average Recorded Investment
 
YTD 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 tax exempt
—

 
—

 
n/a
 
—

 
—

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 tax exempt
—

 
—

 
—

 
—

 
—

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 tax exempt
—

 
—

 
—

 
—

 
—

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 year ended December 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
$
1,793

 
$
2,155

 
n/a
 
$
5,288

 
$
249

Commercial tax exempt
—

 
—

 
n/a
 
—

 
—

Commercial real estate
4,488

 
9,647

 
n/a
 
8,520

 
1,032

Construction and land
179

 
507

 
n/a
 
1,069

 
48

Residential
8,134

 
8,506

 
n/a
 
7,446

 
211

Home equity
—

 
—

 
n/a
 
—

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

Subtotal
14,594

 
20,815

 
n/a
 
22,323

 
1,540

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
—

 
—

 
$
—

 
31

 
1

Commercial tax exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
7,115

 
7,544

 
548

 
7,230

 
314

Construction and land
—

 
—

 
—

 
507

 
—

Residential
4,284

 
4,284

 
565

 
5,505

 
143

Home equity
37

 
37

 
22

 
3

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Subtotal
11,436

 
11,865

 
1,135

 
13,276

 
458

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,793

 
2,155

 
—

 
5,319

 
250

Commercial tax exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
11,603

 
17,191

 
548

 
15,750

 
1,346

Construction and land
179

 
507

 
—

 
1,576

 
48

Residential
12,418

 
12,790

 
565

 
12,951

 
354

Home equity
37

 
37

 
22

 
3

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Total
$
26,030

 
$
32,680

 
$
1,135

 
$
35,599

 
$
1,998

_____________________
(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, 2017 and December 31, 2016 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2017 or December 31, 2016.
 
March 31, 2017
 
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
$
6,007

 
$
—

 
$
983,779

 
$
12,291

 
$
989,786

 
$
12,291

Commercial real estate
10,788

 
475

 
2,357,839

 
50,689

 
2,368,627

 
51,164

Construction and land
147

 
—

 
116,860

 
3,197

 
117,007

 
3,197

Residential
12,332

 
517

 
2,451,284

 
9,573

 
2,463,616

 
10,090

Home equity
37

 
21

 
114,499

 
966

 
114,536

 
987

Consumer
—

 
—

 
196,645

 
302

 
196,645

 
302

Total
$
29,311

 
$
1,013

 
$
6,220,906

 
$
77,018

 
$
6,250,217

 
$
78,031

 
December 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
$
1,793

 
$
—

 
$
1,008,181

 
$
12,751

 
$
1,009,974

 
$
12,751

Commercial real estate
11,603

 
548

 
2,290,641

 
49,864

 
2,302,244

 
50,412

Construction and land
179

 
—

 
104,660

 
3,039

 
104,839

 
3,039

Residential
12,418

 
565

 
2,367,443

 
9,884

 
2,379,861

 
10,449

Home equity
37

 
22

 
118,780

 
1,013

 
118,817

 
1,035

Consumer
—

 
—

 
198,619

 
391

 
198,619

 
391

Total
$
26,030

 
$
1,135

 
$
6,088,324

 
$
76,942

 
$
6,114,354

 
$
78,077
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. There were no loans that were restructured or defaulted during the three months ended March 31, 2017:
 
As of and for the three months ended March 31, 2016
 
Restructured in the current quarter
 
TDRs that defaulted
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

 
$
175

 
$
—

 
—

 
$
—

Commercial tax exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
—

 
—

 
—

 
—

 
—

Construction and land
—

 
—

 
—

 
—

 
—

Residential
1

 
145

 
145

 
—

 
—

Home equity
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

Total
2

 
$
320

 
$
145

 
—

 
$
—


 
As of and for the three months ended March 31, 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
—

 
$
—

 
—

 
$
—

 
—

 
$
—

 
1

 
$
—

 
1

 
$
—

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Construction and land
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Residential
—

 
—

 
1

 
145

 
—

 
—

 
—

 
—

 
1

 
145

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.