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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2018
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $73.5 million and $74.7 million at June 30, 2018 and December 31, 2017, respectively.
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,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
11,443

 
$
12,291

 
$
11,735

 
$
12,751

Commercial real estate
46,116

 
51,164

 
46,820

 
50,412

Construction and land
4,533

 
3,197

 
4,949

 
3,039

Residential
9,896

 
10,090

 
9,773

 
10,449

Home equity
784

 
987

 
835

 
1,035

Consumer and other
126

 
302

 
630

 
391

Total allowance for loan losses, beginning of period
72,898

 
78,031

 
74,742

 
78,077

Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
(125
)
 
(218
)
 
(339
)
 
(218
)
Commercial real estate
—

 
—

 
(135
)
 
—

Construction and land
—

 
—

 
—

 
—

Residential
—

 
—

 
(16
)
 
(58
)
Home equity
—

 
—

 
—

 
—

Consumer and other
(15
)
 
(245
)
 
(39
)
 
(245
)
Total charge-offs
(140
)
 
(463
)
 
(529
)
 
(521
)
 
 
 
 
 
 
 
 
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
152

 
67

 
234

 
154

Commercial real estate
50

 
3,479

 
175

 
3,529

Construction and land
—

 
—

 
—

 
—

Residential
27

 
—

 
27

 
47

Home equity
—

 
—

 
1

 
—

Consumer and other
24

 
9

 
156

 
18

Total recoveries
253

 
3,555

 
593

 
3,748

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
911

 
(468
)
 
751

 
(1,015
)
Commercial real estate
(983
)
 
(6,507
)
 
(1,677
)
 
(5,805
)
Construction and land
80

 
388

 
(336
)
 
546

Residential
(119
)
 
192

 
20

 
(156
)
Home equity
552

 
(58
)
 
500

 
(106
)
Consumer and other
12

 
339

 
(600
)
 
241

Total provision/(credit) for loan losses
453

 
(6,114
)
 
(1,342
)
 
(6,295
)
 
As of and for the three months ended June 30,
 
As of and for the six months ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
 
 
 
 
Commercial and industrial
12,381

 
11,672

 
12,381

 
11,672

Commercial real estate
45,183

 
48,136

 
45,183

 
48,136

Construction and land
4,613

 
3,585

 
4,613

 
3,585

Residential
9,804

 
10,282

 
9,804

 
10,282

Home equity
1,336

 
929

 
1,336

 
929

Consumer and other
147

 
405

 
147

 
405

Total allowance for loan losses at end of period
$
73,464

 
$
75,009

 
$
73,464

 
$
75,009


The allowance for loan losses is an estimate of the inherent risk of loss in the loan portfolio as of the consolidated balance sheet dates. Management estimates the level of the allowance based on all relevant information available. Changes to the required level in the allowance result in either a provision for loan loss expense, if an increase is required, or a credit to the provision, if a decrease is required. Loan losses are charged to the allowance when available information confirms that specific loans, or portions thereof, are uncollectible. Recoveries on loans previously charged-off are credited to the allowance when received in cash.
The provision/ (credit) for loan losses and related balance in the allowance for loan losses for tax-exempt commercial and industrial loans are included with commercial and industrial. The provision/ (credit) for loan losses and related balance in the allowance for loan losses for tax-exempt commercial real estate loans are included with commercial real estate. There were no charge-offs or recoveries, for any period presented, for both commercial and industrial and commercial real estate tax-exempt loans.
The following tables present the Company’s allowance for loan losses and loan portfolio at June 30, 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 June 30, 2018 or December 31, 2017.
 
June 30, 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
$
2,318

 
$
134

 
$
1,019,757

 
$
12,247

 
$
1,022,075

 
$
12,381

Commercial real estate
8,358

 
187

 
2,496,163

 
44,996

 
2,504,521

 
45,183

Construction and land
—

 
—

 
172,024

 
4,613

 
172,024

 
4,613

Residential
11,271

 
82

 
2,796,935

 
9,722

 
2,808,206

 
9,804

Home equity
1,769

 
597

 
90,032

 
739

 
91,801

 
1,336

Consumer and other
—

 
—

 
168,496

 
147

 
168,496

 
147

Total
$
23,716

 
$
1,000

 
$
6,743,407

 
$
72,464

 
$
6,767,123

 
$
73,464

 
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 and other
125

 
125

 
177,512

 
505

 
177,637

 
630

Total
$
22,577

 
$
654

 
$
6,482,451

 
$
74,088

 
$
6,505,028

 
$
74,742