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Loan Portfolio and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2018
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:
 
March 31, 2018
 
December 31, 2017
 
(In thousands)
Commercial and industrial
$
531,093

 
$
520,992

Commercial tax-exempt
420,757

 
418,698

Total commercial and industrial
951,850

 
939,690

Commercial real estate
2,465,003

 
2,440,220

Construction and land
165,240

 
164,990

Residential
2,737,369

 
2,682,533

Home equity
94,331

 
99,958

Consumer and other
188,534

 
177,637

Total
$
6,602,327

 
$
6,505,028
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:
 
March 31, 2018
 
December 31, 2017
 
(In thousands)
Commercial and industrial
$
1,669

 
$
748

Commercial tax-exempt
—

 
—

Total commercial and industrial
1,669

 
748

Commercial real estate
1,839

 
1,985

Construction and land
109

 
110

Residential
9,932

 
8,470

Home equity
2,816

 
2,840

Consumer and other
15

 
142

Total
$
16,380

 
$
14,295
Past Due Financing Receivables [Table Text Block]
The following tables show the payment status of loans receivable by class of receivable as of the dates indicated:
 
March 31, 2018
 
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
$
3,894

 
$
700

 
$
4,594

 
$
311

 
$
100

 
$
1,258

 
$
1,669

 
$
524,830

 
$
531,093

Commercial tax-exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

 
420,757

 
420,757

Commercial real estate
2,507

 
—

 
2,507

 
1

 
151

 
1,687

 
1,839

 
2,460,657

 
2,465,003

Construction and land
64

 
—

 
64

 
—

 
—

 
109

 
109

 
165,067

 
165,240

Residential
12,489

 
—

 
12,489

 
3,183

 
3,115

 
3,634

 
9,932

 
2,714,948

 
2,737,369

Home equity
325

 
339

 
664

 
67

 
—

 
2,749

 
2,816

 
90,851

 
94,331

Consumer and other
58

 
—

 
58

 
—

 
6

 
9

 
15

 
188,461

 
188,534

Total
$
19,337

 
$
1,039

 
$
20,376

 
$
3,562

 
$
3,372

 
$
9,446

 
$
16,380

 
$
6,565,571

 
$
6,602,327


 
December 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
$
10,903

 
$
849

 
$
11,752

 
$
355

 
$
—

 
$
393

 
$
748

 
$
508,492

 
$
520,992

Commercial tax-exempt
—

 
—

 
—

 
—

 
—

 
—

 
—

 
418,698

 
418,698

Commercial real estate
4,043

 
—

 
4,043

 
163

 
—

 
1,822

 
1,985

 
2,434,192

 
2,440,220

Construction and land
—

 
—

 
—

 
—

 
—

 
110

 
110

 
164,880

 
164,990

Residential
7,239

 
1,635

 
8,874

 
805

 
3,172

 
4,493

 
8,470

 
2,665,189

 
2,682,533

Home equity
355

 
—

 
355

 
—

 
71

 
2,769

 
2,840

 
96,763

 
99,958

Consumer and other
24

 
—

 
24

 
17

 
125

 
—

 
142

 
177,471

 
177,637

Total
$
22,564

 
$
2,484

 
$
25,048

 
$
1,340

 
$
3,368

 
$
9,587

 
$
14,295

 
$
6,465,685

 
$
6,505,028
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, 2018
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special
Mention
 
Accruing
Substandard
 
Nonaccrual
Loans
 
Total
 
(In thousands)
Commercial and industrial
$
512,546

 
$
11,452

 
$
5,426

 
$
1,669

 
$
531,093

Commercial tax-exempt
420,757

 
—

 
—

 
—

 
420,757

Commercial real estate
2,380,144

 
51,636

 
31,384

 
1,839

 
2,465,003

Construction and land
158,108

 
—

 
7,023

 
109

 
165,240

Residential
2,726,100

 
—

 
1,337

 
9,932

 
2,737,369

Home equity
91,515

 
—

 
—

 
2,816

 
94,331

Consumer and other
188,516

 
—

 
3

 
15

 
188,534

Total
$
6,477,686

 
$
63,088

 
$
45,173

 
$
16,380

 
$
6,602,327

 
December 31, 2017
 
By Loan Grade or Nonaccrual Status
 
 
 
Pass
 
Special
Mention
 
Accruing
Substandard
 
Nonaccrual
Loans
 
Total
 
(In thousands)
Commercial and industrial
$
496,395

 
$
12,898

 
$
10,951

 
$
748

 
$
520,992

Commercial tax-exempt
413,139

 
5,559

 
—

 
—

 
418,698

Commercial real estate
2,346,833

 
56,947

 
34,455

 
1,985

 
2,440,220

Construction and land
146,514

 
11,770

 
6,596

 
110

 
164,990

Residential
2,672,714

 
—

 
1,349

 
8,470

 
2,682,533

Home equity
97,118

 
—

 
—

 
2,840

 
99,958

Consumer and other
177,494

 
—

 
1

 
142

 
177,637

Total
$
6,350,207

 
$
87,174

 
$
53,352

 
$
14,295

 
$
6,505,028
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, 2018
 
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
$
2,100

 
$
3,129

 
n/a
 
$
1,689

 
$
7

Commercial tax-exempt
—

 
—

 
n/a
 
—

 
—

Commercial real estate
2,947

 
4,710

 
n/a
 
2,103

 
25

Construction and land
109

 
109

 
n/a
 
109

 
—

Residential
10,717

 
11,077

 
n/a
 
9,608

 
101

Home equity
1,759

 
1,759

 
n/a
 
1,770

 
10

Consumer and other
—

 
—

 
n/a
 
—

 
—

Subtotal
17,632

 
20,784

 
n/a
 
15,279

 
143

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
—

 
—

 
$
—

 
181

 
2

Commercial tax-exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
5,525

 
5,954

 
241

 
6,510

 
156

Construction and land
—

 
—

 
—

 
—

 
—

Residential
821

 
821

 
83

 
825

 
6

Home equity
36

 
36

 
20

 
36

 
—

Consumer and other
—

 
—

 
—

 
31

 
3

Subtotal
6,382

 
6,811

 
344

 
7,583

 
167

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
2,100

 
3,129

 
—

 
1,870

 
9

Commercial tax-exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
8,472

 
10,664

 
241

 
8,613

 
181

Construction and land
109

 
109

 
—

 
109

 
—

Residential
11,538

 
11,898

 
83

 
10,433

 
107

Home equity
1,795

 
1,795

 
20

 
1,806

 
10

Consumer and other
—

 
—

 
—

 
31

 
3

Total
$
24,014

 
$
27,595

 
$
344

 
$
22,862

 
$
310

_____________________
(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, 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 year ended December 31, 2017
 
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
$
1,434

 
$
2,238

 
n/a
 
$
1,594

 
$
50

Commercial tax-exempt
—

 
—

 
n/a
 
1,001

 
80

Commercial real estate
1,832

 
3,453

 
n/a
 
3,098

 
1,546

Construction and land
109

 
109

 
n/a
 
172

 
—

Residential
9,337

 
9,709

 
n/a
 
9,033

 
360

Home equity
1,779

 
1,779

 
n/a
 
413

 
—

Consumer and other
—

 
—

 
n/a
 
—

 
—

Subtotal
14,491

 
17,288

 
n/a
 
15,311

 
2,036

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial
242

 
242

 
$
58

 
156

 
4

Commercial tax-exempt
—

 
—

 
—

 
—

 
—

Commercial real estate
6,855

 
7,284

 
362

 
6,980

 
322

Construction and land
—

 
—

 
—

 
—

 
—

Residential
828

 
828

 
89

 
2,469

 
89

Home equity
36

 
36

 
20

 
36

 
1

Consumer and other
125

 
250

 
125

 
10

 
—

Subtotal
8,086

 
8,640

 
654

 
9,651

 
416

Total:
 
 
 
 
 
 
 
 
 
Commercial and industrial
1,676

 
2,480

 
58

 
1,750

 
54

Commercial tax-exempt
—

 
—

 
—

 
1,001

 
80

Commercial real estate
8,687

 
10,737

 
362

 
10,078

 
1,868

Construction and land
109

 
109

 
—

 
172

 
—

Residential
10,165

 
10,537

 
89

 
11,502

 
449

Home equity
1,815

 
1,815

 
20

 
449

 
1

Consumer and other
125

 
250

 
125

 
10

 
—

Total
$
22,577

 
$
25,928

 
$
654

 
$
24,962

 
$
2,452

_____________________
(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, 2018 and December 31, 2017 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2018 or December 31, 2017.
 
March 31, 2018
 
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
$
2,100

 
$
—

 
$
949,750

 
$
11,443

 
$
951,850

 
$
11,443

Commercial real estate
8,472

 
241

 
2,456,531

 
45,875

 
2,465,003

 
46,116

Construction and land
109

 
—

 
165,131

 
4,533

 
165,240

 
4,533

Residential
11,538

 
83

 
2,725,831

 
9,813

 
2,737,369

 
9,896

Home equity
1,795

 
20

 
92,536

 
764

 
94,331

 
784

Consumer
—

 
—

 
188,534

 
126

 
188,534

 
126

Total
$
24,014

 
$
344

 
$
6,578,313

 
$
72,554

 
$
6,602,327

 
$
72,898

 
December 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
$
1,676

 
$
58

 
$
938,014

 
$
11,677

 
$
939,690

 
$
11,735

Commercial real estate
8,687

 
362

 
2,431,533

 
46,458

 
2,440,220

 
46,820

Construction and land
109

 
—

 
164,881

 
4,949

 
164,990

 
4,949

Residential
10,165

 
89

 
2,672,368

 
9,684

 
2,682,533

 
9,773

Home equity
1,815

 
20

 
98,143

 
815

 
99,958

 
835

Consumer
125

 
125

 
177,512

 
505

 
177,637

 
630

Total
$
22,577

 
$
654

 
$
6,482,451

 
$
74,088

 
$
6,505,028

 
$
74,742
Loan Participation Amounts by Loan Type [Table Text Block]
The following table presents a summary of the loan participations serviced for others and loans serviced for others based on class of receivable as of the dates indicated:
 
March 31, 2018
 
December 31, 2017
 
(In thousands)
Commercial and industrial
$
8,397

 
$
8,484

Commercial tax-exempt
19,582

 
19,805

Commercial real estate
43,965

 
49,783

Construction and land
34,081

 
37,840

Total loan participations serviced for others
$
106,025

 
$
115,912

 
 
 
 
Residential
$
41,207

 
$
41,440

Total loans serviced for others
$
41,207

 
$
41,440