Note 7 - Loans (Tables)

9 Months Ended

Sep. 30, 2013

Note 7 - Loans (Tables) [Line Items]

	September 30, 2013			December 31, 2012
	(In thousands)
Type of Loans:
Commercial loans	$	2,237,902		$	2,127,107
Residential mortgage loans		1,293,849			1,146,230
Commercial mortgage loans		3,921,348			3,768,452
Equity lines		173,798			193,852
Real estate construction loans		189,867			180,950
Installment and other loans		15,249			12,556
Gross loans		7,832,013			7,429,147
Less:
Allowance for loan losses		(181,452	)		(183,322	)
Unamortized deferred loan fees		(12,933	)		(10,238	)
Total loans, net	$	7,637,628		$	7,235,587

Impaired Financing Receivables [Table Text Block]

	Impaired Loans
	Average Recorded Investment								Interest Income Recognized
	Three months ended September 30,				Nine months ended September 30,				Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012		2013		2012		2013		2012
	(In thousands)
Commercial loans	$	32,187	$	25,987	$	24,873	$	33,672	$	166	$	49	$	395	$	146
Real estate construction loans		34,946		41,404		39,014		51,176		67		177		199		531
Commercial mortgage loans		132,921		178,206		145,380		180,959		730		1,971		3,289		5,477
Residential mortgage and equity lines		16,884		18,370		17,574		18,420		106		49		227		148
Total	$	216,938	$	263,967	$	226,841	$	284,227	$	1,069	$	2,246	$	4,110	$	6,302

	Impaired Loans
	September 30, 2013						December 31, 2012
	Unpaid Principal Balance		Recorded Investment		Allowance		Unpaid Principal Balance		Recorded Investment		Allowance
	(In thousands)
With no allocated allowance
Commercial loans	$	20,896	$	17,699	$	-	$	29,359	$	18,963	$	-
Real estate construction loans		25,438		15,135		-		9,304		7,277		-
Commercial mortgage loans		125,489		94,167		-		189,871		152,957		-
Residential mortgage loans and equity lines		2,978		2,969		-		4,303		4,229		-
Subtotal	$	174,801	$	129,970	$	-	$	232,837	$	183,426	$	-
With allocated allowance
Commercial loans	$	22,099	$	17,352	$	10,849	$	7,804	$	4,959	$	1,467
Real estate construction loans		28,847		19,694		5,691		54,718		34,856		8,158
Commercial mortgage loans		35,582		34,688		6,129		14,163		12,928		1,336
Residential mortgage loans and equity lines		15,951		14,097		693		14,264		12,428		1,222
Subtotal	$	102,479	$	85,831	$	23,362	$	90,949	$	65,171	$	12,183
Total impaired loans	$	277,280	$	215,801	$	23,362	$	323,786	$	248,597	$	12,183

Past Due Financing Receivables [Table Text Block]

	September 30, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Non-accrual Loans		Total Past Due		Loans Not Past Due		Total
Type of Loans:	(In thousands)
Commercial loans	$	17,034	$	4,136	$	-	$	24,506	$	45,676	$	2,192,226	$	2,237,902
Real estate construction loans		-		-		-		28,995		28,995		160,872		189,867
Commercial mortgage loans		2,396		262		499		35,996		39,153		3,882,195		3,921,348
Residential mortgage loans		3,310		2,237		-		10,364		15,911		1,451,736		1,467,647
Installment and other loans		208		-		-		-		208		15,041		15,249
Total loans	$	22,948	$	6,635	$	499	$	99,861	$	129,943	$	7,702,070	$	7,832,013

	December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Non-accrual Loans		Total Past Due		Loans Not Past Due		Total
Type of Loans:	(In thousands)
Commercial loans	$	16,832	$	1,610	$	630	$	19,958	$	39,030	$	2,088,077	$	2,127,107
Real estate construction loans		-		1,471		-		36,299		37,770		143,180		180,950
Commercial mortgage loans		21,570		3,627		-		35,704		60,901		3,707,551		3,768,452
Residential mortgage loans		5,324		1,972		-		11,941		19,237		1,320,845		1,340,082
Installment and other loans		-		-		-		-		-		12,556		12,556
Total loans	$	43,726	$	8,680	$	630	$	103,902	$	156,938	$	7,272,209	$	7,429,147

	Nine months ended September 30, 2013								September 30, 2013
	No. of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Charge-offs		Specific Reserve
	(Dollars in thousands)
Commercial loans		9		11,705		10,516	$	1,189	$	71
Commercial mortgage loans		3		7,474		7,474		-		191
Residential mortgage loans and equity lines		11		3,736		3,658		78		125
Total		23	$	22,915	$	21,648	$	1,267	$	387

	Nine months ended September 30, 2012								September 30, 2013
	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 loans and equity lines		7		2,895		2,895		-		70
Total		30	$	64,338	$	60,649	$	3,689	$	145

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	September 30, 2013
Accruing TDRs	Principal Deferral		Rate Reduction		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	4,813	$	2,943	$	2,788	$	10,544
Real estate construction loans		-		-		5,833		5,833
Commercial mortgage loans		12,740		9,130		70,991		92,861
Residential mortgage loans		1,573		1,588		3,541		6,702
Total accruing TDRs	$	19,126	$	13,661	$	83,153	$	115,940

	December 31, 2012
Accruing TDRs	Principal Deferral		Rate Reduction		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	531	$	3,020	$	-	$	413	$	3,964
Real estate construction loans		-		-		-		5,834		5,834
Commercial mortgage loans		27,003		16,656		739		85,783		130,181
Residential mortgage loans		1,461		1,024		-		2,231		4,716
Total accruing TDRs	$	28,995	$	20,700	$	739	$	94,261	$	144,695

	September 30, 2013
Non-accrual TDRs	Interest Deferral		Principal Deferral		Rate Reduction and Forgiveness of Principal		Rate Reduction and Payment Deferral		Total
	(In thousands)
Commercial loans	$	-	$	3,026	$	1,391	$	-	$	4,417
Real estate construction loans		-		16,199		-		9,301		25,500
Commercial mortgage loans		1,464		1,640		-		6,677		9,781
Residential mortgage loans		249		2,241		-		1,420		3,910
Total non-accrual TDRs	$	1,713	$	23,106	$	1,391	$	17,398	$	43,608

	December 31, 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	$	-	$	912	$	-	$	1,518	$	-	$	2,430
Real estate construction loans		-		16,767		9,579		-		-		26,346
Commercial mortgage loans		1,685		2,817		5,746		-		5,076		15,324
Residential mortgage loans		275		2,010		586		-		760		3,631
Total non-accrual TDRs	$	1,960	$	22,506	$	15,911	$	1,518	$	5,836	$	47,731

Activity Within The Troubled Debt Resturings [Table Text Block]

	Three months ended September 30,						Nine months ended September 30,
Accruing TDRs	2013			2012			2013			2012
	(In thousands)
Beginning balance	$	115,464		$	153,249		$	144,695		$	120,016
New restructurings		10,669			14,765			15,485			53,524
Restructured loans restored to accrual status		5,397			3,957			6,851			6,810
Charge-offs		-			(251	)		(78	)		(251	)
Payments		(15,274	)		(1,569	)		(48,663	)		(4,124	)
Restructured loans placed on nonaccrual		(316	)		-			(2,350	)		(5,824	)
Ending balance	$	115,940		$	170,151		$	115,940		$	170,151

	Three months ended September 30,						Nine months ended September 30,
Non-accrual TDRs	2013			2012			2013			2012
	(In thousands)
Beginning balance	$	48,524		$	23,285		$	47,731		$	50,870
New restructurings		2,415			1,153			6,163			7,124
Restructured loans placed on nonaccrual		316			-			2,350			5,824
Charge-offs		(1,188	)		-			(2,121	)		(4,285	)
Payments		(1,062	)		(1,405	)		(3,664	)		(33,647	)
Restructured loans restored to accrual status		(5,397	)		(3,957	)		(6,851	)		(6,810	)
Ending balance	$	43,608		$	19,076		$	43,608		$	19,076

Financing Receivable Credit Quality Indicators [Table Text Block]

	September 30, 2013
	Pass/Watch		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Commercial loans	$	2,047,158	$	84,776	$	94,088	$	11,880	$	2,237,902
Real estate construction loans		151,696		-		34,676		3,495		189,867
Commercial mortgage loans		3,543,731		137,183		240,434		-		3,921,348
Residential mortgage loans and equity lines		1,453,498		-		14,149		-		1,467,647
Installment and other loans		15,249		-		-		-		15,249
Total gross loans	$	7,211,332	$	221,959	$	383,347	$	15,375	$	7,832,013

	December 31, 2012
	Pass/Watch		Special Mention		Substandard		Doubtful		Total
	(In thousands)
Commercial loans	$	1,944,989	$	76,776	$	94,077	$	11,265	$	2,127,107
Real estate construction loans		109,269		18,000		45,171		8,510		180,950
Commercial mortgage loans		3,344,783		162,455		261,214		-		3,768,452
Residential mortgage loans and equity lines		1,322,768		816		16,084		414		1,340,082
Installment and other loans		12,556		-		-		-		12,556
Total gross loans	$	6,734,365	$	258,047	$	416,546	$	20,189	$	7,429,147

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

	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage Loans and Equity Lines			Installment and Other Loans			Total
	(In thousands)
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
June 30, 2013 Ending Balance	$	64,379		$	13,755		$	89,678		$	11,892		$	29		$	179,733
Provision/(credit) for possible credit losses		2,121			1,660			(5,710	)		52			6			(1,871	)
Charge-offs		(200	)		-			(394	)		(160	)		-			(754	)
Recoveries		436			1,236			2,514			158			-			4,344
Net (charge-offs)/recoveries		236			1,236			2,120			(2	)		-			3,590
September 30, 2013 Ending Balance	$	66,736		$	16,651		$	86,088		$	11,942		$	35		$	181,452

	Commercial Loans			Real Estate Construction Loans			Commercial Mortgage Loans			Residential Mortgage Loans and Equity Lines			Installment and Other Loans			Total
	(In thousands)
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
2013 Beginning Balance	$	66,101		$	23,017		$	82,473		$	11,703		$	28		$	183,322
Provision/(credit) for possible credit losses		3,200			(8,622	)		935			780			(4	)		(3,711	)
Charge-offs		(4,580	)		-			(3,425	)		(766	)		-			(8,771	)
Recoveries		2,015			2,256			6,105			225			11			10,612
Net (charge-offs)/recoveries		(2,565	)		2,256			2,680			(541	)		11			1,841
September 30, 2013 Ending Balance	$	66,736		$	16,651		$	86,088		$	11,942		$	35		$	181,452
Reserve for impaired loans	$	10,849		$	5,691		$	6,129		$	693		$	-		$	23,362
Reserve for non-impaired loans	$	55,887		$	10,960		$	79,959		$	11,249		$	35		$	158,090
Reserve for off-balance sheet credit commitments	$	953		$	287		$	799		$	34		$	1		$	2,074

Impairment Method [Member]

Note 7 - Loans (Tables) [Line Items]

Impaired Financing Receivables [Table Text Block]

	Commercial Loans		Real Estate Construction Loans		Commercial Mortgage Loans		Residential Mortgage Loans and Equity Lines		Installment and Other Loans		Total
	(In thousands)
September 30, 2013
Loans individually evaluated for impairment
Allowance	$	10,849	$	5,691	$	6,129	$	693	$	-	$	23,362
Balance	$	35,051	$	34,829	$	128,855	$	17,066	$	-	$	215,801
Loans collectively evaluated for impairment
Allowance	$	55,887	$	10,960	$	79,959	$	11,249	$	35	$	158,090
Balance	$	2,202,851	$	155,038	$	3,792,493	$	1,450,581	$	15,249	$	7,616,212
Total allowance	$	66,736	$	16,651	$	86,088	$	11,942	$	35	$	181,452
Total balance	$	2,237,902	$	189,867	$	3,921,348	$	1,467,647	$	15,249	$	7,832,013
December 31, 2012
Loans individually evaluated for impairment
Allowance	$	1,467	$	8,158	$	1,336	$	1,222	$	-	$	12,183
Balance	$	23,922	$	42,133	$	165,885	$	16,657	$	-	$	248,597
Loans collectively evaluated for impairment
Allowance	$	64,634	$	14,859	$	81,137	$	10,481	$	28	$	171,139
Balance	$	2,103,185	$	138,817	$	3,602,567	$	1,323,425	$	12,556	$	7,180,550
Total allowance	$	66,101	$	23,017	$	82,473	$	11,703	$	28	$	183,322
Total balance	$	2,127,107	$	180,950	$	3,768,452	$	1,340,082	$	12,556	$	7,429,147