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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Allowance for credit losses on financing receivables 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,
2020201920202019
(In thousands)
Allowance for loan losses, beginning of period:
Commercial and industrial$10,255  $15,687  $10,048  $15,912  
Paycheck Protection Program—  n/a—  n/a
Commercial tax-exempt1,927  n/a6,016  n/a
Commercial real estate36,580  41,813  40,765  41,934  
Construction and land5,709  5,353  5,119  6,022  
Residential11,779  10,057  8,857  10,026  
Home equity303  796  778  1,284  
Consumer and other1,658  108  399  134  
Total allowance for loan losses, beginning of period$68,211  $73,814  $71,982  $75,312  
Impact of adopting ASU 2016-13:
Commercial and industrial$—  n/a$(565) n/a
Paycheck Protection Program—  n/a—  n/a
Commercial tax-exempt—  n/a(4,409) n/a
Commercial real estate—  n/a(14,455) n/a
Construction and land—  n/a(2,158) n/a
Residential—  n/a685  n/a
Home equity—  n/a(535) n/a
Consumer and other—  n/a1,052  n/a
Total impact of adopting ASU 2016-13$—  n/a$(20,385) n/a
Provision/(credit) for loan losses:
Commercial and industrial$(359) $550  $886  $137  
Paycheck Protection Program190  n/a190  n/a
Commercial tax-exempt559  n/a879  n/a
Commercial real estate11,095  1,898  21,365  1,588  
Construction and land3,815  (573) 6,563  (1,242) 
Residential5,986  (502) 8,223  (571) 
Home equity1,293  9  1,221  83  
Consumer and other25  (19) 239  (58) 
Total provision/(credit) for loan losses$22,604  $1,363  $39,566  $(63) 
As of and for the three months ended June 30,As of and for the six months ended June 30,
2020201920202019
(In thousands)
Loans charged off:
Commercial and industrial$(389) $(195) $(907) $(195) 
Paycheck Protection Program—  n/a—  n/a
Commercial tax-exempt—  n/a—  n/a
Commercial real estate—  —  —  —  
Construction and land—  —  —  —  
Residential—  —  —  —  
Home equity(1,157) —  (1,157) (562) 
Consumer and other—  —  (10) (2) 
Total charge offs$(1,546) $(195) $(2,074) $(759) 
Recoveries on loans previously charged off:
Commercial and industrial$52  $40  $97  $228  
Paycheck Protection Program—  n/a—  n/a
Commercial tax-exempt—  n/a—  n/a
Commercial real estate—  30  —  219  
Construction and land—  —  —  —  
Residential—  —  —  100  
Home equity—  —  132  —  
Consumer and other3  15  6  30  
Total recoveries$55  $85  $235  $577  
Allowance for loan losses, end of period:
Commercial and industrial$9,559  $16,082  $9,559  $16,082  
Paycheck Protection Program190  n/a190  n/a
Commercial tax-exempt2,486  n/a2,486  n/a
Commercial real estate47,675  43,741  47,675  43,741  
Construction and land9,524  4,780  9,524  4,780  
Residential17,765  9,555  17,765  9,555  
Home equity439  805  439  805  
Consumer and other1,686  104  1,686  104  
Total allowance for loan losses, end of period$89,324  $75,067  $89,324  $75,067  
Allowance by method of impairment analysis
The following tables present the Company’s allowance for loan losses and loan portfolio as of June 30, 2020 and December 31, 2019 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality as of June 30, 2020 or December 31, 2019.
June 30, 2020
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan losses
(In thousands)
Commercial and industrial$3,693  $161  $562,055  $9,398  $565,748  $9,559  
Paycheck Protection Program—  —  370,034  190  370,034  190  
Commercial tax-exempt—  —  419,264  2,486  419,264  2,486  
Commercial real estate6,007  —  2,670,701  47,675  2,676,708  47,675  
Construction and land—  —  240,211  9,524  240,211  9,524  
Residential16,837  60  2,842,790  17,705  2,859,627  17,765  
Home equity654  18  83,934  421  84,588  439  
Consumer and other—  —  116,774  1,686  116,774  1,686  
Total$27,191  $239  $7,305,763  $89,085  $7,332,954  $89,324  
December 31, 2019
Individually Evaluated
for Impairment		Collectively Evaluated
for Impairment		Total
Recorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan lossesRecorded investment
(loan balance)		Allowance for loan losses
(In thousands)
Commercial and industrial$724  $146  $1,141,237  $15,918  $1,141,961  $16,064  
Commercial real estate733  —  2,550,541  40,765  2,551,274  40,765  
Construction and land—  —  225,983  5,119  225,983  5,119  
Residential15,900  67  2,823,255  8,790  2,839,155  8,857  
Home equity1,830  22  81,827  756  83,657  778  
Consumer and other—  —  134,674  399  134,674  399  
Total$19,187  $235  $6,957,517  $71,747  $6,976,704  $71,982