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Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2018
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 March 31,
 
2018
 
2017
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
11,735

 
$
12,751

Commercial real estate
46,820

 
50,412

Construction and land
4,949

 
3,039

Residential
9,773

 
10,449

Home equity
835

 
1,035

Consumer and other
630

 
391

Total allowance for loan losses, beginning of period
74,742

 
78,077

 
As of and for the three months ended March 31,
 
2018
 
2017
 
(In thousands)
Loans charged-off:
 
 
 
Commercial and industrial
(214
)
 
—

Commercial real estate
(135
)
 
—

Construction and land
—

 
—

Residential
(16
)
 
(58
)
Home equity
—

 
—

Consumer and other
(24
)
 
—

Total charge-offs
(389
)
 
(58
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
82

 
87

Commercial real estate
125

 
50

Construction and land
—

 
—

Residential
—

 
47

Home equity
1

 
—

Consumer and other
132

 
9

Total recoveries
340

 
193

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(160
)
 
(547
)
Commercial real estate
(694
)
 
702

Construction and land
(416
)
 
158

Residential
139

 
(348
)
Home equity
(52
)
 
(48
)
Consumer and other
(612
)
 
(98
)
Total provision/(credit) for loan losses
(1,795
)
 
(181
)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
11,443

 
12,291

Commercial real estate
46,116

 
51,164

Construction and land
4,533

 
3,197

Residential
9,896

 
10,090

Home equity
784

 
987

Consumer and other
126

 
302

Total allowance for loan losses at end of period
$
72,898

 
$
78,031
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