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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Allowance for credit losses on financing receivables
The following table presents 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,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
 
 
 
 
Commercial and industrial
$
15,687

 
$
11,443

 
$
15,912

 
$
11,735

Commercial real estate
41,813

 
46,116

 
41,934

 
46,820

Construction and land
5,353

 
4,533

 
6,022

 
4,949

Residential
10,057

 
9,896

 
10,026

 
9,773

Home equity
796

 
784

 
1,284

 
835

Consumer and other
108

 
126

 
134

 
630

Total allowance for loan losses, beginning of period
73,814

 
72,898

 
75,312

 
74,742

Loans charged-off:
 
 
 
 
 
 
 
Commercial and industrial
(195
)
 
(125
)
 
(195
)
 
(339
)
Commercial real estate
—

 
—

 
—

 
(135
)
Construction and land
—

 
—

 
—

 
—

Residential
—

 
—

 
—

 
(16
)
Home equity
—

 
—

 
(562
)
 
—

Consumer and other
—

 
(15
)
 
(2
)
 
(39
)
Total charge-offs
(195
)
 
(140
)
 
(759
)
 
(529
)
 
 
 
 
 
 
 
 
Recoveries on loans previously charged-off:
 
 
 
 
 
 
 
Commercial and industrial
40

 
152

 
228

 
234

Commercial real estate
30

 
50

 
219

 
175

Construction and land
—

 
—

 
—

 
—

Residential
—

 
27

 
100

 
27

Home equity
—

 
—

 
—

 
1

Consumer and other
15

 
24

 
30

 
156

Total recoveries
85

 
253

 
577

 
593

Provision/ (credit) for loan losses:
 
 
 
 
 
 
 
Commercial and industrial
550

 
911

 
137

 
751

Commercial real estate
1,898

 
(983
)
 
1,588

 
(1,677
)
Construction and land
(573
)
 
80

 
(1,242
)
 
(336
)
Residential
(502
)
 
(119
)
 
(571
)
 
20

Home equity
9

 
552

 
83

 
500

Consumer and other
(19
)
 
12

 
(58
)
 
(600
)
Total provision/(credit) for loan losses
1,363

 
453

 
(63
)
 
(1,342
)

 
As of and for the three months ended June 30,
 
As of and for the six months ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Allowance for loan losses, end of period:
 
 
 
 
 
 
 
Commercial and industrial
16,082

 
12,381

 
16,082

 
12,381

Commercial real estate
43,741

 
45,183

 
43,741

 
45,183

Construction and land
4,780

 
4,613

 
4,780

 
4,613

Residential
9,555

 
9,804

 
9,555

 
9,804

Home equity
805

 
1,336

 
805

 
1,336

Consumer and other
104

 
147

 
104

 
147

Total allowance for loan losses, end of period
$
75,067

 
$
73,464

 
$
75,067

 
$
73,464
Allowance by method of impairment analysis
The following tables present the Company’s allowance for loan losses and loan portfolio as of June 30, 2019 and December 31, 2018 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality as of June 30, 2019 or December 31, 2018.
 
June 30, 2019
 
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
$
2,110

 
$
93

 
$
1,104,383

 
$
15,989

 
$
1,106,493

 
$
16,082

Commercial real estate
—

 
—

 
2,530,556

 
43,741

 
2,530,556

 
43,741

Construction and land
—

 
—

 
200,378

 
4,780

 
200,378

 
4,780

Residential
15,905

 
74

 
3,009,853

 
9,481

 
3,025,758

 
9,555

Home equity
2,771

 
24

 
87,159

 
781

 
89,930

 
805

Consumer and other
—

 
—

 
127,145

 
104

 
127,145

 
104

Total
$
20,786

 
$
191

 
$
7,059,474

 
$
74,876

 
$
7,080,260

 
$
75,067

 
December 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
$
3,205

 
$
598

 
$
1,071,503

 
$
15,314

 
$
1,074,708

 
$
15,912

Commercial real estate
546

 
—

 
2,395,146

 
41,934

 
2,395,692

 
41,934

Construction and land
—

 
—

 
240,306

 
6,022

 
240,306

 
6,022

Residential
9,183

 
75

 
2,939,790

 
9,951

 
2,948,973

 
10,026

Home equity
2,709

 
562

 
87,712

 
722

 
90,421

 
1,284

Consumer and other
—

 
—

 
143,058

 
134

 
143,058

 
134

Total
$
15,643

 
$
1,235

 
$
6,877,515

 
$
74,077

 
$
6,893,158

 
$
75,312