Note 7 - Loans (Tables)

9 Months Ended

Sep. 30, 2012

	September 30, 2012			December 31, 2011
	(In thousands)
Type of Loans:
Commercial loans	$	2,082,920		$	1,868,275
Residential mortgage loans		1,073,880			972,262
Commercial mortgage loans		3,704,777			3,748,897
Equity lines		199,403			214,707
Real estate construction loans		187,248			237,372
Installment and other loans		11,702			17,699
Gross loans		7,259,930			7,059,212
Less:
Allowance for loan losses		(184,438	)		(206,280	)
Unamortized deferred loan fees		(9,036	)		(8,449	)
Total loans, net	$	7,066,456		$	6,844,483
Loans held for sale	$	-		$	760

Impaired Financing Receivables [Table Text Block]

	Impaired Loans
	Average Recorded Investment								Interest Income Recognized
	For the three months ended September 30,				For the nine months ended September 30,				For the three months ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011		2012		2011		2012		2011
	(In thousands)
Commercial loans	$	25,987	$	55,599	$	33,672	$	49,370	$	49	$	264	$	146	$	789
Real estate construction loans		41,404		78,307		51,176		83,011		177		488		531		1,461
Commercial mortgage loans		178,206		180,554		180,959		225,195		1,971		895		5,477		3,100
Residential mortgage and equity lines		18,370		17,798		18,420		17,252		49		9		148		28
Total	$	263,967	$	332,258	$	284,227	$	374,828	$	2,246	$	1,656	$	6,302	$	5,378

	Impaired Loans
	September 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	$	22,832	$	17,561	$	-	$	46,671	$	38,194	$	-
Real estate construction loans		53,613		40,877		-		134,836		78,767		-
Commercial mortgage loans		204,549		165,440		-		187,580		149,034		-
Residential mortgage and equity lines		4,318		4,244		-		8,555		7,987		-
Subtotal	$	285,312	$	228,122	$	-	$	377,642	$	273,982	$	-
With allocated allowance
Commercial loans	$	15,182	$	9,490	$	1,791	$	11,795	$	7,587	$	3,336
Real estate construction loans		9,932		779		279		-		-		-
Commercial mortgage loans		13,902		12,969		1,729		29,722		28,023		2,969
Residential mortgage and equity lines		16,072		13,736		1,626		13,813		12,381		1,249
Subtotal	$	55,088	$	36,974	$	5,425	$	55,330	$	47,991	$	7,554
Total impaired loans	$	340,400	$	265,096	$	5,425	$	432,972	$	321,973	$	7,554

Past Due Financing Receivables [Table Text Block]

	As of September 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
Type of Loans:	(In thousands)
Commercial loans	$	4,498	$	2,930	$	-	$	23,035	$	30,463	$	2,052,457	$	2,082,920
Real estate construction loans		-		17,095		-		9,422		26,517		160,731		187,248
Commercial mortgage loans		8,424		6,523		-		48,754		63,701		3,641,076		3,704,777
Residential mortgage and equity lines		344		4,006		-		13,733		18,083		1,255,200		1,273,283
Installment and other loans		-		40		-		-		40		11,662		11,702
Total loans	$	13,266	$	30,594	$	-	$	94,944	$	138,804	$	7,121,126	$	7,259,930

	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
Type of Loans:	(In thousands)
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 nine months ended September 30, 2012								As of September 30, 2012
	No. of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserve
					(Dollars in thousands)
Commercial loans		8		2,144	$	2,144	$	-	$	75
Commercial mortgage loans		15		59,299		55,610		3,689		-
Residential mortgage and equity lines		7		2,895		2,895		-		70
Total		30	$	64,338	$	60,649	$	3,689	$	145

	For the nine months ended September 30, 2011								As of September 30, 2011
	No. of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserve
					(Dollars in thousands)
Commercial loans		11	$	39,584	$	39,584	$	-	$	112
Real estate construction loans		2		26,175		25,317		858		-
Commercial mortgage loans		3		3,176		3,176		-		1
Residential mortgage and equity lines		3		1,577		1,577		-		116
Total		19	$	70,512	$	69,654	$	858	$	229

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	As of September 30, 2012
Accruing TDRs	Principal Deferral		Rate Reduction		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	553	$	3,044	$	-	$	418	$	4,015
Real estate construction loans		16,820		9,581		-		5,834		32,235
Commercial mortgage loans		27,091		16,597		1,138		84,829		129,655
Residential mortgage loans		1,465		1,027		-		1,754		4,246
Total accruing TDRs	$	45,929	$	30,249	$	1,138	$	92,835	$	170,151

	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 September 30, 2012
Non-accrual TDRs	Interest Deferral		Principal Deferral		Rate Reduction		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	-	$	669	$	-	$	-	$	669
Commercial mortgage loans		2,584		1,140		5,743		6,123		15,590
Residential mortgage loans		283		1,600		595		339		2,817
Total non-accrual TDRs	$	2,867	$	3,409	$	6,338	$	6,462	$	19,076

Activity Within The Troubled Debt Resturings [Table Text Block]

	For the three months ended September 30,						For the nine months ended September 30,
Accruing TDRs	2012			2011			2012			2011
	(In thousands)
Beginning balance	$	153,249		$	116,328		$	120,016		$	136,800
New restructurings		14,765			43,182			53,524			57,181
Restructured loans restored to accrual status		3,957			34			6,810			1,071
Charge-offs		(251	)		(1	)		(251	)		(660	)
Payments		(1,569	)		(33,273	)		(4,124	)		(37,347	)
Restructured loans placed on nonaccrual		-			-			(5,824	)		(30,042	)
Expiration of loan concession		-			-			-			(733	)
Ending balance	$	170,151		$	126,270		$	170,151		$	126,270

	For the three months ended September 30,						For the nine months ended September 30,
Non-accrual TDRs	2012			2011			2012			2011
	(In thousands)
Beginning balance	$	23,285		$	38,230		$	50,870		$	28,147
New restructurings		1,153			8,918			7,124			12,474
Restructured loans placed on nonaccrual		-			1			5,824			30,042
Charge-offs		-			(1,279	)		(4,285	)		(6,108	)
Payments		(1,405	)		(929	)		(33,647	)		(11,332	)
Foreclosures		-			(832	)		-			(8,077	)
Restructured loans restored to accrual status		(3,957	)		(34	)		(6,810	)		(1,071	)
Ending balance	$	19,076		$	44,075		$	19,076		$	44,075

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of September 30, 2012
	Pass/Watch		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Commercial loans	$	1,900,049	$	77,797	$	90,684	$	14,390	$	2,082,920
Real estate construction loans		114,649		21,718		43,022		7,859		187,248
Commercial mortgage loans		3,276,291		165,415		263,071		-		3,704,777
Residential mortgage and equity lines		1,256,683		344		16,115		141		1,273,283
Installment and other loans		11,702		-		-		-		11,702
Total gross loans	$	6,559,374	$	265,274	$	412,892	$	22,390	$	7,259,930
Loans held for sale	$	-	$	-	$	-	$	-	$	-

	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)
September 30, 2012
Loans individually evaluated for impairment
Allowance	$	1,791	$	279	$	1,729	$	1,626	$	-	$	5,425
Balance	$	27,051	$	41,656	$	178,409	$	17,980	$	-	$	265,096
Loans collectively evaluated for impairment
Allowance	$	63,947	$	15,849	$	90,282	$	8,902	$	33	$	179,013
Balance	$	2,055,869	$	145,592	$	3,526,368	$	1,255,303	$	11,702	$	6,994,834
Total allowance	$	65,738	$	16,128	$	92,011	$	10,528	$	33	$	184,438
Total balance	$	2,082,920	$	187,248	$	3,704,777	$	1,273,283	$	11,702	$	7,259,930
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 September 30, 2012 and 2011
	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage and Equity Lines			Installment and Other Loans			Total
	(In thousands)
June 30, 2011 Ending Balance	$	65,860		$	37,683		$	117,014		$	9,307		$	36		$	229,900
Provision/(credit) for possible credit losses		(1,366	)		9,324			951			(224	)		(1	)		8,684
Charge-offs		(1,219	)		(23,539	)		(5,264	)		(818	)		-			(30,840	)
Recoveries		513			408			373			78			-			1,372
Net (charge-offs)/recoveries		(706	)		(23,131	)		(4,891	)		(740	)		-			(29,468	)
September 30, 2011 Ending Balance	$	63,788		$	23,876		$	113,074		$	8,343		$	35		$	209,116
June 30, 2012 Ending Balance	$	66,595		$	16,360		$	99,009		$	10,254		$	56		$	192,274
Provision/(credit) for possible credit losses		6,199			(670	)		(6,350	)		740			(23	)		(104	)
Charge-offs		(7,387	)		(39	)		(966	)		(477	)		-			(8,869	)
Recoveries		331			477			318			11			-			1,137
Net (charge-offs)/recoveries		(7,056	)		438			(648	)		(466	)		-			(7,732	)
September 30, 2012 Ending Balance	$	65,738		$	16,128		$	92,011		$	10,528		$	33		$	184,438

For the nine months ended September 30, 2012 and 2011
	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage and Equity Lines			Installment and OthLoans			Total
	(In thousands)
January 1, 2011 Beginning Balance	$	63,919		$	43,261		$	128,347		$	9,668		$	36		$	245,231
Provision/(credit) for possible credit losses		9,516			10,713			5,704			(458	)		(1	)		25,474
Charge-offs		(11,215	)		(34,394	)		(24,083	)		(1,044	)		-			(70,736	)
Recoveries		1,568			4,296			3,106			177			-			9,147
Net (charge-offs)/recoveries		(9,647	)		(30,098	)		(20,977	)		(867	)		-			(61,589	)
September 30, 2011 Ending Balance	$	63,788		$	23,876		$	113,074		$	8,343		$	35		$	209,116
Reserve for impaired loans	$	2,270		$	-		$	3,930		$	1,203		$	-		$	7,403
Reserve for non-impaired loans	$	61,518		$	23,876		$	109,144		$	7,140		$	35		$	201,713
Reserve for off-balance sheet credit commitments	$	757		$	967		$	103		$	34		$	2		$	1,863
January 1 2012, Beginning Balance	$	65,658		$	21,749		$	108,021		$	10,795		$	57		$	206,280
Provision/(credit) for possible credit losses		13,329			(10,081	)		(12,937	)		1,150			(2	)		(8,541	)
Charge-offs		(14,479	)		(1,165	)		(10,647	)		(1,805	)		(25	)		(28,121	)
Recoveries		1,230			5,625			7,574			388			3			14,820
Net (charge-offs)/recoveries		(13,249	)		4,460			(3,073	)		(1,417	)		(22	)		(13,301	)
September 30, 2012 Ending Balance	$	65,738		$	16,128		$	92,011		$	10,528		$	33		$	184,438
Reserve for impaired loans	$	1,791		$	279		$	1,729		$	1,626		$	-		$	5,425
Reserve for non-impaired loans	$	63,947		$	15,849		$	90,282		$	8,902		$	33		$	179,013
Reserve for off-balance sheet credit commitments	$	801		$	668		$	104		$	34		$	3		$	1,610

Prior Year [Member]

Non Accrual Troubled Debt Restructurings [Table Text Block]

	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