Note 7 - Loans (Tables)

6 Months Ended

Jun. 30, 2012

	June 30, 2012			December 31, 2011
	(In thousands)
Type of Loans:
Commercial loans	$	1,945,720		$	1,868,275
Residential mortgage loans		1,001,976			972,262
Commercial mortgage loans		3,695,440			3,748,897
Equity lines		203,788			214,707
Real estate construction loans		180,086			237,372
Installment and other loans		16,673			17,699
Gross loans		7,043,683			7,059,212
Less:
Allowance for loan losses		(192,274	)		(206,280	)
Unamortized deferred loan fees		(8,855	)		(8,449	)
Total loans, net	$	6,842,554		$	6,844,483
Loans held for sale	$	500		$	760

Impaired Financing Receivables [Table Text Block]

	Impaired Loans
	Average Recorded Investment								Interest Income Recognized
	For the Three Months Ended				For the Six Months Ended				For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,				June 30,				June 30,
	2012		2011		2012		2011		2012		2011		2012		2011
	(In thousands)
Commercial loans	$	29,970	$	50,379	$	37,556	$	46,204	$	32	$	263	$	62	$	525
Real estate construction loans		45,775		84,787		56,115		85,402		111		77		221		153
Commercial mortgage loans		179,835		242,697		182,351		247,885		1,849		1,052		3,115		2,099
Residential mortgage and equity lines		19,177		17,424		18,446		16,974		38		57		76		100
Total	$	274,757	$	395,287	$	294,468	$	396,465	$	2,030	$	1,449	$	3,474	$	2,877

	Impaired Loans
	June 30, 2012						December 31, 2011
	Unpaid Principal Balance		Recorded Investment		Allowance		Unpaid Principal Balance		Recorded Investment		Allowance
	(In thousands)
With no allocated allowance
Commercial loans	$	24,282	$	15,472	$	-	$	46,671	$	38,194	$	-
Real estate construction loans		66,473		44,622		-		134,836		78,767		-
Commercial mortgage loans		209,480		171,248		-		187,580		149,034		-
Residential mortgage and equity lines		5,891		5,818		-		8,555		7,987		-
Subtotal	$	306,126	$	237,160	$	-	$	377,642	$	273,982	$	-
With allocated allowance
Commercial loans	$	18,247	$	12,932	$	3,687	$	11,795	$	7,587	$	3,336
Commercial mortgage loans		14,413		13,435		1,896		29,722		28,023		2,969
Residential mortgage and equity lines		15,178		13,044		1,659		13,813		12,381		1,249
Subtotal	$	47,838	$	39,411	$	7,242	$	55,330	$	47,991	$	7,554
Total impaired loans	$	353,964	$	276,571	$	7,242	$	432,972	$	321,973	$	7,554

Past Due Financing Receivables [Table Text Block]

	As of June 30, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Non-accrual Loans		Total Past Due		Loans Not Past Due		Total
	(In thousands)
Type of Loans:
Commercial loans	$	-	$	4,182	$	746	$	25,716	$	30,644	$	1,915,076	$	1,945,720
Real estate construction loans		10,689		-		-		11,946		22,635		157,451		180,086
Commercial mortgage loans		-		20,362		-		70,630		90,992		3,604,448		3,695,440
Residential mortgage and equity lines		14,728		18,853		-		14,530		48,111		1,157,653		1,205,764
Installment and other loans		-		-		-		-		-		16,673		16,673
Total loans	$	25,417	$	43,397	$	746	$	122,822	$	192,382	$	6,851,301	$	7,043,683

	As of December 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Non-accrual Loans		Total Past Due		Loans Not Past Due		Total
	(In thousands)
Type of Loans:
Commercial loans	$	1,683	$	-	$	-	$	30,661	$	32,344	$	1,835,931	$	1,868,275
Real estate construction loans		20,326		-		-		46,012		66,338		171,034		237,372
Commercial mortgage loans		13,627		20,277		6,726		107,784		148,414		3,600,483		3,748,897
Residential mortgage and equity lines		5,871		-		-		16,740		22,611		1,164,358		1,186,969
Installment and other loans		-		-		-		-		-		17,699		17,699
Total loans	$	41,507	$	20,277	$	6,726	$	201,197	$	269,707	$	6,789,505	$	7,059,212

	For the Six Months Ended June 30, 2012								As of June 30, 2012
	No. of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserve
			(Dollars in thousands)
Commercial loans		5	$	1,988	$	1,988	$	-	$	60
Commercial mortgage loans		12		44,619		40,940		3,679		-
Residential mortgage and equity lines		3		1,802		1,802		-		14
Total		20	$	48,409	$	44,730	$	3,679	$	74

	For the Six Months Ended June 30, 2011								As of June 30, 2011
	No. of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserve
			(Dollars in thousands)
Commercial loans		5	$	15,124	$	15,124	$	-	$	53
Commercial mortgage loans		2		1,929		1,929		-		1
Residential mortgage and equity lines		1		501		501		-		93
Total		8	$	17,554	$	17,554	$	-	$	147

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	As of June 30,2012
Accruing TDRs	Principal Deferral		Rate Reduction		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	546	$	1,720	$	-	$	422	$	2,688
Real estate construction loans		16,820		9,581		-		5,776		32,177
Commercial mortgage loans		26,882		31,602		1,141		54,427		114,052
Residential mortgage loans		1,287		1,030		-		2,015		4,332
Total accruing TDRs	$	45,535	$	43,933	$	1,141	$	62,640	$	153,249

	As of December 31, 2011
Accruing TDRs	Principal Deferral		Rate Reduction		Rate Reduction  and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	12,933	$	1,756	$	-	$	431	$	15,120
Real estate construction loans		16,820		9,659		-		5,776		32,255
Commercial mortgage loans		471		37,796		2,071		28,935		69,273
Residential mortgage loans		1,294		587		-		1,487		3,368
Total accruing TDRs	$	31,518	$	49,798	$	2,071	$	36,629	$	120,016

Non Accrual Troubled Debt Restructurings [Table Text Block]

	As of June 30, 2012
Non-accrual TDRs	Interest Deferral		Principal Deferral		Rate Reduction		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	-	$	585	$	1,370	$	1,145	$	-	$	3,100
Commercial mortgage loans		2,596		2,471		6,944		-		6,238		18,249
Residential mortgage loans		293		1,347		-		-		296		1,936
Total non-accrual TDRs	$	2,889	$	4,403	$	8,314	$	1,145	$	6,534	$	23,285

	As of December 31, 2011
Non-accrual TDRs	Interest Deferral		Principal Deferral		Rate Reduction		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	-	$	616	$	1,859	$	1,506	$	-	$	3,981
Real estate construction loans		-		13,579		12,376		-		-		25,955
Commercial mortgage loans		2,633		9,727		-		-		5,076		17,436
Residential mortgage loans		311		2,427		449		-		311		3,498
Total non-accrual TDRs	$	2,944	$	26,349	$	14,684	$	1,506	$	5,387	$	50,870

Activity Within The Troubled Debt Resturings [Table Text Block]

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
Accruing TDRs	2012			2011			2012			2011
	(In thousands)
Beginning balance	$	143,233		$	135,327		$	120,016		$	136,800
New restructurings		17,047			263			38,759			13,999
Restructured loans restored to accrual status		-			1,037			2,853			1,037
Charge-offs		-			(659	)		-			(659	)
Payments		(1,207	)		(2,414	)		(2,555	)		(4,074	)
Restructured loans placed on nonaccrual		(5,824	)		(17,226	)		(5,824	)		(30,042	)
Expiration of loan concession		-			-			-			(733	)
Ending balance	$	153,249		$	116,328		$	153,249		$	116,328

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
Non-accrual TDRs	2012			2011			2012			2011
				(In thousands)
Beginning balance	$	21,543		$	43,130		$	50,870		$	28,147
New restructurings		733			-			5,971			3,556
Restructured loans placed on nonaccrual		5,824			17,225			5,824			30,041
Charge-offs		(267	)		(3,725	)		(4,285	)		(4,829	)
Payments		(4,548	)		(10,118	)		(32,242	)		(10,403	)
Foreclosures		-			(7,245	)		-			(7,245	)
Restructured loans restored to accrual status		-			(1,037	)		(2,853	)		(1,037	)
Ending balance	$	23,285		$	38,230		$	23,285		$	38,230

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of June 30, 2012
	Pass/Watch		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Commercial loans	$	1,779,114	$	61,298	$	91,940	$	13,368	$	1,945,720
Real estate construction loans		107,217		21,718		44,033		7,118		180,086
Commercial mortgage loans		3,266,362		138,544		290,534		-		3,695,440
Residential mortgage and equity lines		1,188,160		-		17,390		214		1,205,764
Installment and other loans		16,673		-		-		-		16,673
Total gross loans	$	6,357,526	$	221,560	$	443,897	$	20,700	$	7,043,683
Loans held for sale	$	-	$	-	$	-	$	500	$	500

	As of December 31, 2011
	Pass/Watch		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Commercial loans	$	1,689,842	$	64,290	$	108,858	$	5,285	$	1,868,275
Real estate construction loans		115,538		23,555		90,132		8,147		237,372
Commercial mortgage loans		3,275,431		69,925		403,541		-		3,748,897
Residential mortgage and equity lines		1,149,225		4,439		33,160		145		1,186,969
Installment and other loans		17,636		63		-		-		17,699
Total gross loans	$	6,247,672	$	162,272	$	635,691	$	13,577	$	7,059,212
Loans held for sale	$	-	$	-	$	260	$	500	$	760

	Commercial Loans		Real Estate Construction Loans		Commercial Mortgage Loans		Residential Mortgage Loans and Equity Lines		Consumer and Other Loans		Total
	(In thousands)
June 30, 2012
Loans individually evaluated for impairment
Allowance	$	3,687	$	-	$	1,896	$	1,659	$	-	$	7,242
Balance	$	28,404	$	44,622	$	184,683	$	18,862	$	-	$	276,571
Loans collectively evaluated for impairment
Allowance	$	62,908	$	16,360	$	97,113	$	8,595	$	56	$	185,032
Balance	$	1,917,316	$	135,464	$	3,510,757	$	1,186,902	$	16,673	$	6,767,112
Total allowance	$	66,595	$	16,360	$	99,009	$	10,254	$	56	$	192,274
Total balance	$	1,945,720	$	180,086	$	3,695,440	$	1,205,764	$	16,673	$	7,043,683
December 31, 2011
Loans individually evaluated for impairment
Allowance	$	3,336	$	-	$	2,969	$	1,247	$	-	$	7,552
Balance	$	45,781	$	78,766	$	177,058	$	20,368	$	-	$	321,973
Loans collectively evaluated for impairment
Allowance	$	62,322	$	21,749	$	105,052	$	9,548	$	57	$	198,728
Balance	$	1,822,494	$	158,606	$	3,571,839	$	1,166,601	$	17,699	$	6,737,239
Total allowance	$	65,658	$	21,749	$	108,021	$	10,795	$	57	$	206,280
Total balance	$	1,868,275	$	237,372	$	3,748,897	$	1,186,969	$	17,699	$	7,059,212

Allowance for Credit Losses on Financing Receivables [Table Text Block]

For the Three Months Ended June 30, 2012 and 2011
	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage and Equity Line			Installment and Other Loans			Total
	(In thousands)
March 31, 2011 Ending Balance	$	63,194		$	42,554		$	125,295		$	9,949		$	38		$	241,030
Provision/(credit) for possible credit losses		11,004			(3,265	)		3,532			(642	)		(2	)		10,627
Charge-offs		(8,618	)		(4,607	)		(13,696	)		-			-			(26,921	)
Recoveries		280			3,001			1,883			-			-			5,164
Net (charge-offs)/recoveries		(8,338	)		(1,606	)		(11,813	)		-			-			(21,757	)
June 30, 2011 Ending Balance	$	65,860		$	37,683		$	117,014		$	9,307		$	36		$	229,900
March 31, 2012 Ending Balance	$	60,404		$	17,992		$	106,175		$	10,122		$	50		$	194,743
Provision/(credit) for possible credit losses		8,171			(2,972	)		(10,906	)		671			6			(5,030	)
Charge-offs		(2,133	)		(251	)		(1,458	)		(550	)		-			(4,392	)
Recoveries		153			1,591			5,198			11			-			6,953
Net (charge-offs)/recoveries		(1,980	)		1,340			3,740			(539	)		-			2,561
June 30, 2012 Ending Balance	$	66,595		$	16,360		$	99,009		$	10,254		$	56		$	192,274

For the Six Months Ended June 30, 2012 and 2011
	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage and Equity Line			Installment and Other Loans			Total
	(In thousands)
2011 Beginning Balance	$	63,919		$	43,261		$	128,347		$	9,668		$	36		$	245,231
Provision/(credit) for possible credit losses		10,882			1,389			4,880			(361	)		-			16,790
Charge-offs		(9,996	)		(10,855	)		(19,045	)		-			-			(39,896	)
Recoveries		1,055			3,888			2,832			-			-			7,775
Net (charge-offs)/recoveries		(8,941	)		(6,967	)		(16,213	)		-			-			(32,121	)
June 30, 2011 Ending Balance	$	65,860		$	37,683		$	117,014		$	9,307		$	36		$	229,900
Reserve for impaired loans	$	2,482		$	7,140		$	3,481		$	1,161		$	-		$	14,264
Reserve for non-impaired loans	$	63,378		$	30,543		$	113,533		$	8,146		$	36		$	215,636
Reserve for off-balance sheet credit commitments	$	564		$	863		$	82		$	35		$	3		$	1,547
2012 Beginning Balance	$	65,658		$	21,749		$	108,021		$	10,795		$	57		$	206,280
Provision/(credit) for possible credit losses		7,130			(9,411	)		(6,587	)		410			21			(8,437	)
Charge-offs		(7,092	)		(1,126	)		(9,681	)		(1,328	)		(25	)		(19,252	)
Recoveries		899			5,148			7,256			377			3			13,683
Net (charge-offs)/recoveries		(6,193	)		4,022			(2,425	)		(951	)		(22	)		(5,569	)
June 30, 2012 Ending Balance	$	66,595		$	16,360		$	99,009		$	10,254		$	56		$	192,274
Reserve for impaired loans	$	3,687		$	-		$	1,896		$	1,659		$	-		$	7,242
Reserve for non-impaired loans	$	62,908		$	16,360		$	97,113		$	8,595		$	56		$	185,032
Reserve for off-balance sheet credit commitments	$	747		$	617		$	104		$	35		$	2		$	1,505