Allowance for Loan Losses and Credit Quality Information (Tables)

3 Months Ended

Mar. 31, 2013

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Schedule of Allowance for Loan Losses and Loan Balances

The following tables provide the activity of the allowance for loan losses and loan balances for the three months ended on March 31, 2013 and 2012:

	Commercial			Owner Occupied Commercial			Commercial Mortgages			Construction			Residential			Consumer			Complexity Risk(1)			Total
	(In Thousands)
Three months ended March 31, 2013
Allowance for loan losses
Beginning balance	$	13,663		$	6,108		$	8,079		$	6,456		$	3,124		$	5,631		$	861		$	43,922
Charge-offs		(256	)		(1	)		(1,697	)		(19	)		(440	)		(1,294	)		—			(3,707	)
Recoveries		226			12			3			15			18			228			—			502
Provision		(865	)		219			808			333			579			1,176			(19	)		2,231
Ending balance	$	12,768		$	6,338		$	7,193		$	6,785		$	3,281		$	5,741		$	842		$	42,948
Period-end allowance allocated to:
Loans individually evaluated for impairment	$	868		$	47		$	2,000		$	—		$	922		$	12		$	—		$	3,849
Loans collectively evaluated for impairment		11,900			6,291			5,193			6,785			2,359			5,729			842			39,099
Ending balance	$	12,768		$	6,338		$	7,193		$	6,785		$	3,281		$	5,741		$	842		$	42,948
Period-end loan balances evaluated for:
Loans individually evaluated for impairment	$	4,991		$	13,263		$	11,240		$	1,216		$	19,578		$	6,210		$	—		$	56,498	(2)
Loans collectively evaluated for impairment		727,831		$	752,961			622,510			132,265			218,276			277,096			—			2,730,939
Ending balance	$	732,822		$	766,224		$	633,750		$	133,481		$	237,854		$	283,306		$	—		$	2,787,437	(3)

	Commercial			Owner Occupied Commercial			Commercial Mortgages			Construction			Residential			Consumer			Complexity Risk(1)		Total
	(In Thousands)
Three months ended March 31, 2012
Allowance for loan losses
Beginning balance	$	15,067		$	9,235		$	7,556		$	4,074		$	6,544		$	10,604		$	—	$	53,080
Charge-offs		(2,331	)		(502	)		(190	)		(1,506	)		(324	)		(1,229	)		—		(6,082	)
Recoveries		53			6			313			28			25			130			—		555
Provision		(1,164	)		(1,734	)		2,851			6,321			155			748			1,068		8,245
Ending balance	$	11,625		$	7,005		$	10,530		$	8,917		$	6,400		$	10,253		$	1,068	$	55,798
Period-end allowance allocated to:
Loans individually evaluated for impairment	$	1,615		$	2,191		$	1,156		$	2,750		$	869		$	96		$	—	$	8,677
Loans collectively evaluated for impairment		10,010			4,814			9,374			6,167			5,531			10,157			1,068		47,121
Ending balance	$	11,625		$	7,005		$	10,530		$	8,917		$	6,400		$	10,253		$	1,068	$	55,798
Period-end loan balances evaluated for:
Loans individually evaluated for impairment	$	6,526		$	21,760		$	11,625		$	24,246		$	15,723		$	2,912		$	—	$	82,792	(2)
Loans collectively evaluated for impairment		792,293			665,180			605,601			99,937			251,310			282,548			—		2,696,869
Ending balance	$	798,819		$	686,940		$	617,226		$	124,183		$	267,033		$	285,460		$	—	$	2,779,661	(3)

(1) Represents the portion of the allowance for loan losses established to account for the inherent complexity and uncertainty of estimates.

(2) The difference between this amount and nonaccruing loans at March 31, 2013, represents accruing troubled debt restructured loans.

(3) Ending loan balances do not include deferred costs.

Summary of Nonaccrual and Past Due Loans

The following tables show our nonaccrual and past due loans at the dates indicated:

March 31, 2013 (In Thousands)	30–59 Days Past Due and Still Accruing			60–89 Days Past Due and Still Accruing			Greater Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Nonaccrual Loans			Total Loans
Commercial	$	900		$	223		$	103		$	1,226		$	726,605		$	4,991		$	732,822
Owner occupied commercial		511			—			—			511			752,450			13,263			766,224
Commercial mortgages		—			—			—			—			622,510			11,240			633,750
Construction		—			—			—			—			132,265			1,216			133,481
Residential		2,925			315			297			3,537			223,507			10,810			237,854
Consumer		627			167			—			794			278,311			4,201			283,306
Total	$	4,963		$	705		$	400		$	6,068		$	2,735,648		$	45,721		$	2,787,437
% of Total Loans		0.18	%		0.03	%		0.01	%		0.22	%		98.14	%		1.64	%		100	%
December 31, 2012 (In Thousands)	30–59 Days Past Due and Still Accruing			60–89 Days Past Due and Still Accruing			Greater Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Nonaccrual Loans			Total Loans
Commercial	$	1,214		$	—		$	—		$	1,214		$	698,416		$	4,861		$	704,491
Owner occupied commercial		1,264			—			—			1,264			755,316			14,001			770,581
Commercial mortgages		—			—			—			—			618,731			12,634			631,365
Construction		269			70			—			339			131,489			1,547			133,375
Residential		5,383			606			786			6,775			226,863			9,989			243,627
Consumer		971			526			—			1,497			282,776			4,728			289,001
Total	$	9,101		$	1,202		$	786		$	11,089		$	2,713,591		$	47,760		$	2,772,440
% of Total Loans		0.33	%		0.04	%		0.03	%		0.40	%		97.88	%		1.72	%		100	%

Analysis of Impaired Loans

The following tables provide an analysis of our impaired loans at March 31, 2013 and December 31, 2012:

March 31, 2013 (In Thousands)	Ending Loan Balances		Loans with No Specific Reserve (1)		Loans with Specific Reserve		Related Specific Reserve		Contractual Principal Balances		Average Loan Balances
Commercial	$	4,991	$	1,691	$	3,300	$	868	$	12,162	$	4,795
Owner-Occupied Commercial		13,263		12,171		1,092		47		15,592		16,066
Commercial mortgages		11,240		5,130		6,110		2,000		21,777		9,319
Construction		1,216		1,216		—		—		17,377		7,057
Residential		19,578		11,834		7,744		922		22,059		17,588
Consumer		6,210		5,554		656		12		7,025		5,232
Total	$	56,498	$	37,596	$	18,902	$	3,849	$	95,992	$	60,057
December 31, 2012 (In Thousands)	Ending Loan Balances		Loans with No Specific Reserve (1)		Loans with Specific Reserve		Related Specific Reserve		Contractual Principal Balances		Average Loan Balances
Commercial	$	4,861	$	1,598	$	3,263	$	2,100	$	12,060	$	4,993
Owner-Occupied Commercial		14,001		13,827		174		1		18,658		16,856
Commercial mortgages		12,634		5,422		7,212		1,887		22,192		10,233
Construction		1,547		1,172		375		28		17,711		11,239
Residential		18,483		11,053		7,430		919		20,771		16,917
Consumer		6,329		5,635		694		16		7,265		4,514
Total	$	57,855	$	38,707	$	19,148	$	4,951	$	98,657	$	64,752

(1) Reflects loan balances at their remaining book balance.

Schedule of Commercial Credit Exposure Credit Risk Profile by Internally Assigned Risk Rating

The following tables provide an analysis of problem loans as of March 31, 2013 and December 31, 2012:

Commercial credit exposure credit risk profile by internally assigned risk rating (in thousands):

	Commercial				Owner-Occupied Commercial				Commercial Mortgages				Construction				Total Commercial
	Mar 31, 2013		Dec. 31, 2012		Mar 31, 2013		Dec. 31, 2012		Mar 31, 2013		Dec. 31, 2012		Mar 31, 2013		Dec. 31, 2012		March 31, 2013					December 31, 2012
																	Amount		Percent			Amount		Percent
Risk Rating:
Special mention	$	9,091	$	14,611	$	26,906	$	27,398	$	14,908	$	29,267	$	2,318	$	2,453	$	53,223				$	73,729
Substandard:
Accrual		66,483		63,074		45,129		44,899		6,078		6,222		5,990		5,755		123,680					119,950
Nonaccrual		1,691		1,598		12,171		13,827		5,130		5,422		1,216		1,172		20,208					22,019
Doubtful/ Nonaccrual		3,300		3,263		1,092		174		6,110		7,212		—		375		10,502					11,024
Total Special Mention and Substandard		80,565		82,546		85,298		86,298		32,226		48,123		9,524		9,755		207,613		9	%		226,722		10	%
Pass		652,257		621,945		680,926		684,283		601,524		583,242		123,957		123,620		2,058,664		91			2,013,090		90
Total Commercial Loans	$	732,822	$	704,491	$	766,224	$	770,581	$	633,750	$	631,365	$	133,481	$	133,375	$	2,266,277		100	%	$	2,239,812		100	%

Schedule of Consumer Credit Exposure Credit Risk Profile Based on Payment Activity

Consumer credit exposure credit risk profile based on payment activity (in thousands):

	Residential					Consumer					Total Residential and Consumer
	Mar 31, 2013			Dec. 31, 2012		Mar 31, 2013			Dec. 31, 2012		March 31, 2013					December 31, 2012
											Amount		Percent			Amount		Percent
Nonperforming	$	19,578	(1)	$	18,483	$	6,210	(1)	$	6,329	$	25,788		5	%	$	24,812		5	%
Performing		218,276			225,144		277,096			282,672		495,372		95			507,816		95
Total	$	237,854		$	243,627	$	283,306		$	289,001	$	521,160		100	%	$	532,628		100	%

(1) Includes $10.8 million of troubled debt restructured mortgages and home equity installment loans performing in accordance with modified terms and are accruing interest

Schedule of Loans Identified as Troubled Debt Restructurings During Periods Indicated

The following table presents loans identified as TDRs during the three months ended March 31, 2013 and 2012:

(In Thousands)	Three Months Ended March 31, 2013		Three Months Ended March 31, 2012
Commercial	$	—	$	9,276
Commercial mortgages		235		—
Construction		—		378
Residential		—		451
Consumer		474		—
Total	$	709	$	10,105