Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Summary of loans receivable

The following table presents loans receivable for each portfolio class of loans:

(Dollars in thousands)	March 31, 2016			December 31, 2015
Residential real estate loans	$	685,026		688,912
Commercial loans
Real estate	2,680,691			2,633,953
Other commercial	1,172,956			1,099,564
Total	3,853,647			3,733,517
Consumer and other loans
Home equity	423,895			420,901
Other consumer	234,625			235,351
Total	658,520			656,252
Loans receivable 1	5,197,193			5,078,681
Allowance for loan and lease losses	(130,071		)	(129,697	)
Loans receivable, net	$	5,067,122		4,948,984
Weighted-average interest rate on loans (tax-equivalent)	4.81		%	4.84	%

__________

¹  Includes net deferred fees, costs, premiums and discounts of $14,010,000 and $15,529,000 at March 31, 2016 and December 31, 2015, respectively.

Summary of the activity in the ALLL

The following tables summarize the activity in the ALLL by portfolio segment:

	Three Months ended March 31, 2016
(Dollars in thousands)	Total			Residential Real Estate		Commercial Real Estate		Other Commercial		Home Equity		Other Consumer
Balance at beginning of period	$	129,697		14,427		67,877		32,525		8,998		5,870
Provision for loan losses	568			(1,149	)	(873	)	3,720		(793	)	(337	)
Charge-offs	(1,163		)	(100	)	(253	)	(324	)	(229	)	(257	)
Recoveries	969			18		295		133		173		350
Balance at end of period	$	130,071		13,196		67,046		36,054		8,149		5,626

	Three Months ended March 31, 2015
(Dollars in thousands)	Total			Residential Real Estate		Commercial Real Estate		Other Commercial		Home Equity		Other Consumer
Balance at beginning of period	$	129,753		14,680		67,799		30,891		9,963		6,420
Provision for loan losses	765			440		(286	)	1,112		(459	)	(42	)
Charge-offs	(1,297		)	(14	)	(445	)	(694	)	(31	)	(113	)
Recoveries	635			25		259		206		46		99
Balance at end of period	$	129,856		15,131		67,327		31,515		9,519		6,364

Summary of ALLL and loans receivable

The following tables disclose the balance in the ALLL and the recorded investment in loans by portfolio segment:

	March 31, 2016
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Allowance for loan and lease losses
Individually evaluated for impairment	$	8,440	597	914	6,442	190	297
Collectively evaluated for impairment	121,631		12,599	66,132	29,612	7,959	5,329
Total allowance for loan and lease losses	$	130,071	13,196	67,046	36,054	8,149	5,626
Loans receivable
Individually evaluated for impairment	$	140,866	21,041	81,840	27,889	6,557	3,539
Collectively evaluated for impairment	5,056,327		663,985	2,598,851	1,145,067	417,338	231,086
Total loans receivable	$	5,197,193	685,026	2,680,691	1,172,956	423,895	234,625

	December 31, 2015
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Allowance for loan and lease losses
Individually evaluated for impairment	$	8,124	782	1,629	5,277	64	372
Collectively evaluated for impairment	121,573		13,645	66,248	27,248	8,934	5,498
Total allowance for loan and lease losses	$	129,697	14,427	67,877	32,525	8,998	5,870
Loans receivable
Individually evaluated for impairment	$	140,773	20,767	85,845	23,874	6,493	3,794
Collectively evaluated for impairment	4,937,908		668,145	2,548,108	1,075,690	414,408	231,557
Total loans receivable	$	5,078,681	688,912	2,633,953	1,099,564	420,901	235,351

Summary of impaired loans

The following tables disclose information related to impaired loans by portfolio segment:

	At or for the Three Months ended March 31, 2016
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	31,631	7,501	10,077	12,150	456	1,447
Unpaid principal balance	32,794		8,364	10,094	12,266	590	1,480
Specific valuation allowance	8,440		597	914	6,442	190	297
Average balance	33,157		7,877	11,316	12,036	279	1,649
Loans without a specific valuation allowance
Recorded balance	$	109,235	13,540	71,763	15,739	6,101	2,092
Unpaid principal balance	136,388		15,042	92,608	19,657	6,882	2,199
Average balance	107,662		13,027	72,527	13,845	6,246	2,017
Total
Recorded balance	$	140,866	21,041	81,840	27,889	6,557	3,539
Unpaid principal balance	169,182		23,406	102,702	31,923	7,472	3,679
Specific valuation allowance	8,440		597	914	6,442	190	297
Average balance	140,819		20,904	83,843	25,881	6,525	3,666

	At or for the Year ended December 31, 2015
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Loans with a specific valuation allowance
Recorded balance	$	34,683	8,253	12,554	11,923	102	1,851
Unpaid principal balance	36,157		9,198	12,581	12,335	109	1,934
Specific valuation allowance	8,124		782	1,629	5,277	64	372
Average balance	36,176		6,393	15,827	11,768	426	1,762
Loans without a specific valuation allowance
Recorded balance	$	106,090	12,514	73,291	11,951	6,391	1,943
Unpaid principal balance	132,718		13,969	94,028	15,539	7,153	2,029
Average balance	116,356		13,615	78,684	15,479	6,350	2,228
Total
Recorded balance	$	140,773	20,767	85,845	23,874	6,493	3,794
Unpaid principal balance	168,875		23,167	106,609	27,874	7,262	3,963
Specific valuation allowance	8,124		782	1,629	5,277	64	372
Average balance	152,532		20,008	94,511	27,247	6,776	3,990

Loan portfolio aging analysis

The following tables present an aging analysis of the recorded investment in loans by portfolio segment:

	March 31, 2016
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	20,663	3,365	6,644	7,454	1,930	1,270
Accruing loans 60-89 days past due	3,333		110	1,268	1,106	739	110
Accruing loans 90 days or more past due	4,615		833	1,630	2,007	107	38
Non-accrual loans	53,523		7,319	29,747	9,799	5,998	660
Total past due and non-accrual loans	82,134		11,627	39,289	20,366	8,774	2,078
Current loans receivable	5,115,059		673,399	2,641,402	1,152,590	415,121	232,547
Total loans receivable	$	5,197,193	685,026	2,680,691	1,172,956	423,895	234,625

	December 31, 2015
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
Accruing loans 30-59 days past due	$	15,801	4,895	4,393	3,564	1,601	1,348
Accruing loans 60-89 days past due	3,612		961	1,841	286	280	244
Accruing loans 90 days or more past due	2,131		—	231	1,820	15	65
Non-accrual loans	51,133		8,073	28,819	7,691	6,022	528
Total past due and non-accrual loans	72,677		13,929	35,284	13,361	7,918	2,185
Current loans receivable	5,006,004		674,983	2,598,669	1,086,203	412,983	233,166
Total loans receivable	$	5,078,681	688,912	2,633,953	1,099,564	420,901	235,351

Summary of TDRs

The following tables present TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented:

	Three Months ended March 31, 2016
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	3		—	1	1	1	—
Pre-modification recorded balance	$	8,959	—	56	8,755	148	—
Post-modification recorded balance	$	8,959	—	56	8,755	148	—
TDRs that subsequently defaulted
Number of loans	—		—	—	—	—	—
Recorded balance	$	—	—	—	—	—	—

	Three Months ended March 31, 2015
(Dollars in thousands)	Total		Residential Real Estate	Commercial Real Estate	Other Commercial	Home Equity	Other Consumer
TDRs that occurred during the period
Number of loans	5		—	2	3	—	—
Pre-modification recorded balance	$	3,085	—	2,182	903	—	—
Post-modification recorded balance	$	3,085	—	2,182	903	—	—
TDRs that subsequently defaulted
Number of loans	6		—	—	3	2	1
Recorded balance	$	174	—	—	57	116	1