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Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 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 September 30,
 
As of and for the nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
11,672

 
$
13,246

 
$
12,751

 
$
15,814

Commercial real estate
48,136

 
45,507

 
50,412

 
44,215

Construction and land
3,585

 
4,740

 
3,039

 
6,322

Residential
10,282

 
10,752

 
10,449

 
10,544

Home equity
929

 
1,139

 
1,035

 
1,085

Consumer and other
405

 
369

 
391

 
520

Total allowance for loan losses, beginning of period
75,009

 
75,753

 
78,077

 
78,500

Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
—

 
(285
)
 
(218
)
 
(2,393
)
Commercial real estate
—

 
—

 
—

 
—

Construction and land
—

 
—

 
—

 
(400
)
Residential
—

 
—

 
(58
)
 
(501
)
Home equity
—

 
—

 
—

 
—

Consumer and other
(38
)
 
(52
)
 
(283
)
 
(78
)
Total charge-offs
(38
)
 
(337
)
 
(559
)
 
(3,372
)
 
As of and for the three months ended September 30,
 
As of and for the nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
241

 
81

 
395

 
1,457

Commercial real estate
76

 
1,767

 
3,605

 
5,709

Construction and land
13

 
490

 
13

 
1,117

Residential
—

 
49

 
47

 
53

Home equity
—

 
—

 
—

 
—

Consumer and other
4

 
4

 
22

 
11

Total recoveries
334

 
2,391

 
4,082

 
8,347

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
973

 
859

 
(42
)
 
(977
)
Commercial real estate
(1,173
)
 
1,038

 
(6,978
)
 
(1,612
)
Construction and land
182

 
(2,086
)
 
728

 
(3,895
)
Residential
(431
)
 
103

 
(587
)
 
808

Home equity
(15
)
 
(62
)
 
(121
)
 
(8
)
Consumer and other
32

 
10

 
273

 
(122
)
Total provision/(credit) for loan losses
(432
)
 
(138
)
 
(6,727
)
 
(5,806
)
Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
12,886

 
13,901

 
12,886

 
13,901

Commercial real estate
47,039

 
48,312

 
47,039

 
48,312

Construction and land
3,780

 
3,144

 
3,780

 
3,144

Residential
9,851

 
10,904

 
9,851

 
10,904

Home equity
914

 
1,077

 
914

 
1,077

Consumer and other
403

 
331

 
403

 
331

Total allowance for loan losses at end of period
$
74,873

 
$
77,669

 
$
74,873

 
$
77,669
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 nine months ended September 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
$
1,371

 
$
1,988

 
n/a
 
$
1,626

 
$
1,665

 
$
18

 
$
43

Commercial tax exempt
—

 
—

 
n/a
 
—

 
1,301

 
—

 
80

Commercial real estate
2,463

 
5,972

 
n/a
 
2,690

 
3,465

 
107

 
1,077

Construction and land
207

 
241

 
n/a
 
218

 
191

 
—

 
—

Residential
8,859

 
9,231

 
n/a
 
9,069

 
8,938

 
98

 
277

Home equity
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Subtotal
12,900

 
17,432

 
n/a
 
13,603

 
15,560

 
223

 
1,477

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
598

 
598

 
$
242

 
149

 
60

 
1

 
1

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
6,911

 
7,341

 
415

 
6,955

 
7,012

 
76

 
247

Construction and land
—

 
—

 
—

 
—

 
—

 
—

 
—

Residential
1,200

 
1,200

 
127

 
2,175

 
2,938

 
18

 
80

Home equity
36

 
36

 
21

 
36

 
37

 
—

 
1

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Subtotal
8,745

 
9,175

 
805

 
9,315

 
10,047

 
95

 
329

Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,969

 
2,586

 
242

 
1,775

 
1,725

 
19

 
44

Commercial tax exempt
—

 
—

 
—

 
—

 
1,301

 
—

 
80

Commercial real estate
9,374

 
13,313

 
415

 
9,645

 
10,477

 
183

 
1,324

Construction and land
207

 
241

 
—

 
218

 
191

 
—

 
—

Residential
10,059

 
10,431

 
127

 
11,244

 
11,876

 
116

 
357

Home equity
36

 
36

 
21

 
36

 
37

 
—

 
1

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
21,645

 
$
26,607

 
$
805

 
$
22,918

 
$
25,607

 
$
318

 
$
1,806

_____________________
(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 nine months ended September 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
$
11,742

 
$
13,874

 
n/a
 
$
10,774

 
$
6,325

 
$
98

 
$
169

Commercial tax exempt
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Commercial real estate
5,966

 
11,148

 
n/a
 
7,288

 
9,672

 
332

 
874

Construction and land
224

 
548

 
n/a
 
400

 
1,332

 
48

 
48

Residential
6,472

 
6,832

 
n/a
 
7,345

 
7,345

 
59

 
173

Home equity
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

 
—

 
—

Subtotal
24,404

 
32,402

 
n/a
 
25,807

 
24,674

 
537

 
1,264

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
37

 
37

 
$
22

 
37

 
33

 
—

 
1

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
7,164

 
7,593

 
593

 
7,194

 
7,259

 
79

 
237

Construction and land
—

 
—

 
—

 
—

 
660

 
—

 
—

Residential
6,877

 
6,877

 
701

 
5,977

 
5,994

 
36

 
115

Home equity
—

 
—

 
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Subtotal
14,078

 
14,507

 
1,316

 
13,208

 
13,946

 
115

 
353

Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
11,779

 
13,911

 
22

 
10,811

 
6,358

 
98

 
170

Commercial tax exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
13,130

 
18,741

 
593

 
14,482

 
16,931

 
411

 
1,111

Construction and land
224

 
548

 
—

 
400

 
1,992

 
48

 
48

Residential
13,349

 
13,709

 
701

 
13,322

 
13,339

 
95

 
288

Home equity
—

 
—

 
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
38,482

 
$
46,909

 
$
1,316

 
$
39,015

 
$
38,620

 
$
652

 
$
1,617

_____________________
(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 September 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 September 30, 2017 or December 31, 2016.
 
September 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
$
1,969

 
$
242

 
$
1,047,637

 
$
12,644

 
$
1,049,606

 
$
12,886

Commercial real estate
9,374

 
415

 
2,353,785

 
46,624

 
2,363,159

 
47,039

Construction and land
207

 
—

 
118,084

 
3,780

 
118,291

 
3,780

Residential
10,059

 
127

 
2,590,729

 
9,724

 
2,600,788

 
9,851

Home equity
36

 
21

 
107,191

 
893

 
107,227

 
914

Consumer
—

 


 
174,130

 
403

 
174,130

 
403

Total
$
21,645

 
$
805

 
$
6,391,556

 
$
74,068

 
$
6,413,201

 
$
74,873

 
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