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Allowance for Loan Losses
 3 Months Ended
Mar. 31, 2017
Allowance for Loan Losses [Abstract]  
Allowance for Credit Losses [Text Block]
Allowance for Loan Losses
The allowance for loan losses is reported as a reduction of outstanding loan balances, and totaled $78.0 million and $78.1 million at March 31, 2017 and December 31, 2016, 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 March 31,
 
2017
 
2016
 
(In thousands)
Allowance for loan losses, beginning of period:
 
 
 
Commercial and industrial
$
12,751

 
$
15,814

Commercial real estate
50,412

 
44,215

Construction and land
3,039

 
6,322

Residential
10,449

 
10,544

Home equity
1,035

 
1,085

Consumer and other
391

 
520

Total allowance for loan losses, beginning of period
78,077

 
78,500

Provision/ (credit) for loan losses:
 
 
 
Commercial and industrial
(547
)
 
(657
)
Commercial real estate
702

 
(1,847
)
Construction and land
158

 
(998
)
Residential
(348
)
 
591

Home equity
(48
)
 
(6
)
Consumer and other
(98
)
 
(216
)
Total provision/(credit) for loan losses
(181
)
 
(3,133
)
Loans charged-off:
 
 
 
Commercial and industrial
—

 
(2,108
)
Commercial real estate
—

 
—

Construction and land
—

 
(400
)
Residential
(58
)
 
(501
)
Home equity
—

 
—

Consumer and other
—

 
(7
)
Total charge-offs
(58
)
 
(3,016
)
Recoveries on loans previously charged-off:
 
 
 
Commercial and industrial
87

 
1,294

Commercial real estate
50

 
2,151

Construction and land
—

 
627

Residential
47

 
—

Home equity
—

 
—

Consumer and other
9

 
4

Total recoveries
193

 
4,076

 
 
 
 
 
As of and for the three months ended March 31,
 
2017
 
2016
 
(In thousands)
Allowance for loan losses at end of period:
 
 
 
Commercial and industrial
12,291

 
14,343

Commercial real estate
51,164

 
44,519

Construction and land
3,197

 
5,551

Residential
10,090

 
10,634

Home equity
987

 
1,079

Consumer and other
302

 
301

Total allowance for loan losses at end of period
$
78,031

 
$
76,427



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 March 31, 2017 and December 31, 2016 by portfolio segment, disaggregated by method of impairment analysis. The Company had no loans acquired with deteriorated credit quality at March 31, 2017 or December 31, 2016.
 
March 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
$
6,007

 
$
—

 
$
983,779

 
$
12,291

 
$
989,786

 
$
12,291

Commercial real estate
10,788

 
475

 
2,357,839

 
50,689

 
2,368,627

 
51,164

Construction and land
147

 
—

 
116,860

 
3,197

 
117,007

 
3,197

Residential
12,332

 
517

 
2,451,284

 
9,573

 
2,463,616

 
10,090

Home equity
37

 
21

 
114,499

 
966

 
114,536

 
987

Consumer
—

 
—

 
196,645

 
302

 
196,645

 
302

Total
$
29,311

 
$
1,013

 
$
6,220,906

 
$
77,018

 
$
6,250,217

 
$
78,031

 
December 31, 2016
 
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
$
1,793

 
$
—

 
$
1,008,181

 
$
12,751

 
$
1,009,974

 
$
12,751

Commercial real estate
11,603

 
548

 
2,290,641

 
49,864

 
2,302,244

 
50,412

Construction and land
179

 
—

 
104,660

 
3,039

 
104,839

 
3,039

Residential
12,418

 
565

 
2,367,443

 
9,884

 
2,379,861

 
10,449

Home equity
37

 
22

 
118,780

 
1,013

 
118,817

 
1,035

Consumer
—

 
—

 
198,619

 
391

 
198,619

 
391

Total
$
26,030

 
$
1,135

 
$
6,088,324

 
$
76,942

 
$
6,114,354

 
$
78,077