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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
12,291

 
$
14,343

 
$
12,751

 
$
15,814

Commercial real estate
51,164

 
44,519

 
50,412

 
44,215

Construction and land
3,197

 
5,551

 
3,039

 
6,322

Residential
10,090

 
10,634

 
10,449

 
10,544

Home equity
987

 
1,079

 
1,035

 
1,085

Consumer and other
302

 
301

 
391

 
520

Total allowance for loan losses, beginning of period
78,031

 
76,427

 
78,077

 
78,500

Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
(218
)
 
—

 
(218
)
 
(2,108
)
Commercial real estate
—

 
—

 
—

 
—

Construction and land
—

 
—

 
—

 
(400
)
Residential
—

 
—

 
(58
)
 
(501
)
Home equity
—

 
—

 
—

 
—

Consumer and other
(245
)
 
(19
)
 
(245
)
 
(26
)
Total charge-offs
(463
)
 
(19
)
 
(521
)
 
(3,035
)
 
As of and for the three months ended June 30,
 
As of and for the six months ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
67

 
82

 
154

 
1,376

Commercial real estate
3,479

 
1,791

 
3,529

 
3,942

Construction and land
—

 
—

 
—

 
627

Residential
—

 
4

 
47

 
4

Home equity
—

 
—

 
—

 
—

Consumer and other
9

 
3

 
18

 
7

Total recoveries
3,555

 
1,880

 
3,748

 
5,956

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
(468
)
 
(1,179
)
 
(1,015
)
 
(1,836
)
Commercial real estate
(6,507
)
 
(803
)
 
(5,805
)
 
(2,650
)
Construction and land
388

 
(811
)
 
546

 
(1,809
)
Residential
192

 
114

 
(156
)
 
705

Home equity
(58
)
 
60

 
(106
)
 
54

Consumer and other
339

 
84

 
241

 
(132
)
Total provision/(credit) for loan losses
(6,114
)
 
(2,535
)
 
(6,295
)
 
(5,668
)
Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
11,672

 
13,246

 
11,672

 
13,246

Commercial real estate
48,136

 
45,507

 
48,136

 
45,507

Construction and land
3,585

 
4,740

 
3,585

 
4,740

Residential
10,282

 
10,752

 
10,282

 
10,752

Home equity
929

 
1,139

 
929

 
1,139

Consumer and other
405

 
369

 
405

 
369

Total allowance for loan losses at end of period
$
75,009

 
$
75,753

 
$
75,009

 
$
75,753
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, 2017
 
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
$
1,771

 
$
2,377

 
n/a
 
$
1,667

 
$
1,703

 
$
12

 
$
25

Commercial tax exempt
—

 
—

 
n/a
 
1,084

 
1,859

 
80

 
80

Commercial real estate
2,879

 
6,429

 
n/a
 
3,358

 
3,824

 
724

 
970

Construction and land
232

 
568

 
n/a
 
190

 
181

 
—

 
—

Residential
9,600

 
9,971

 
n/a
 
9,561

 
8,958

 
78

 
179

Home equity
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Subtotal
14,482

 
19,345

 
n/a
 
15,860

 
16,525

 
894

 
1,254

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
—

 
—

 
$
—

 
—

 
—

 
—

 
—

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
6,996

 
7,425

 
453

 
7,011

 
7,042

 
96

 
171

Construction and land
—

 
—

 
—

 
—

 
—

 
—

 
—

Residential
2,503

 
2,503

 
507

 
2,613

 
3,312

 
23

 
62

Home equity
36

 
36

 
21

 
37

 
37

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Subtotal
9,535

 
9,964

 
981

 
9,661

 
10,391

 
119

 
233

Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,771

 
2,377

 
—

 
1,667

 
1,703

 
12

 
25

Commercial tax exempt
—

 
—

 
—

 
1,084

 
1,859

 
80

 
80

Commercial real estate
9,875

 
13,854

 
453

 
10,369

 
10,866

 
820

 
1,141

Construction and land
232

 
568

 
—

 
190

 
181

 
—

 
—

Residential
12,103

 
12,474

 
507

 
12,174

 
12,270

 
101

 
241

Home equity
36

 
36

 
21

 
37

 
37

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
24,017

 
$
29,309

 
$
981

 
$
25,521

 
$
26,916

 
$
1,013

 
$
1,487

_____________________
(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, 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 tax exempt
—

 
—

 
n/a
 
—

 
—

 
—

 
—

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 tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

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 tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

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 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 June 30, 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 June 30, 2017 or December 31, 2016.
 
June 30, 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
$
1,771

 
$
—

 
$
956,142

 
$
11,672

 
$
957,913

 
$
11,672

Commercial real estate
9,875

 
453

 
2,346,470

 
47,683

 
2,356,345

 
48,136

Construction and land
232

 
—

 
130,672

 
3,585

 
130,904

 
3,585

Residential
12,103

 
507

 
2,513,122

 
9,775

 
2,525,225

 
10,282

Home equity
36

 
21

 
108,513

 
908

 
108,549

 
929

Consumer
—

 
—

 
200,992

 
405

 
200,992

 
405

Total
$
24,017

 
$
981

 
$
6,255,911

 
$
74,028

 
$
6,279,928

 
$
75,009

 
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