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Note 7 - Loans (Tables)
9 Months Ended
Sep. 30, 2016
Impairment Method [Member]  
Notes Tables  
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, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
  $ 1,320     $ -     $ 1,248     $ 375     $ -     $ 2,943  
Balance
  $ 32,631     $ 5,507     $ 74,587     $ 18,189     $ -     $ 130,914  
                                                 
Loans collectively evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
  $ 52,379     $ 9,245     $ 43,685     $ 9,682     $ 8     $ 114,999  
Balance
  $ 2,216,365     $ 509,729     $ 5,669,404     $ 2,481,235     $ 2,810     $ 10,879,543  
                                                 
Total allowance
  $ 53,699     $ 9,245     $ 44,933     $ 10,057     $ 8     $ 117,942  
Total balance
  $ 2,248,996     $ 515,236     $ 5,743,991     $ 2,499,424     $ 2,810     $ 11,010,457  
                                                 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
  $ 530     $ -     $ 6,792     $ 427     $ -     $ 7,749  
Balance
  $ 13,568     $ 22,002     $ 81,776     $ 16,464     $ -     $ 133,810  
                                                 
Loans collectively evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
  $ 55,669     $ 22,170     $ 42,648     $ 10,718     $ 9     $ 131,214  
Balance
  $ 2,303,295     $ 419,541     $ 5,219,442     $ 2,084,871     $ 2,493     $ 10,029,642  
                                                 
Total allowance
  $ 56,199     $ 22,170     $ 49,440     $ 11,145     $ 9     $ 138,963  
Total balance
  $ 2,316,863     $ 441,543     $ 5,301,218     $ 2,101,335     $ 2,493     $ 10,163,452  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
September 30, 2016
   
December 31, 2015
 
 
 
(in thousands)
 
Commercial loans
  $ 2,248,996     $ 2,316,863  
Residential mortgage loans
    2,329,402       1,932,355  
Commercial mortgage loans
    5,743,991       5,301,218  
Real estate construction loans
    515,236       441,543  
Equity lines
    170,022       168,980  
Installment & other loans
    2,810       2,493  
Gross loans
  $ 11,010,457     $ 10,163,452  
Allowance for loan losses
    (117,942 )     (138,963 )
Unamortized deferred loan fees
    (5,519 )     (8,262 )
Total loans, net
  $ 10,886,996     $ 10,016,227  
Loans held for sale
  $ 4,750     $ 6,676  
Impaired Financing Receivables [Table Text Block]
 
 
Impaired Loans
 
 
 
Average Recorded Investment
 
 
Interest Income Recognized
 
   
Three months ended
   
Nine months ended
   
Three months ended
   
Nine months ended
 
   
September 30,
   
September 30,
   
September 30,
   
September 30,
 
   
2016
   
2015
   
2016
   
2015
   
2016
   
2015
   
2016
   
2015
 
   
(In thousands)
 
Commercial loans
  $ 28,091     $ 23,894     $ 18,602     $ 24,974     $ 170     $ 170     $ 488     $ 519  
Real estate construction loans
    5,869       22,392       12,005       22,056       66       66       196       196  
Commercial mortgage loans
    81,005       97,557       86,456       104,508       776       777       2,124       2,126  
Residential mortgage loans and equity lines
    18,256       16,506       17,456       16,934       148       139       401       380  
Total impaired loans
  $ 133,221     $ 160,349     $ 134,519     $ 168,472     $ 1,160     $ 1,152     $ 3,209     $ 3,221  
Schedule Of Impaired Loans And Related Allowance And Charge Off [Table Text Block]
 
 
Impaired Loans
 
 
 
September 30, 2016
 
 
December 31, 2015
 
 
 
Unpaid
Principal
Balance
 
 
Recorded
Investment
 
 
Allowance
 
 
Unpaid
Principal
Balance
 
 
Recorded
Investment
 
 
Allowance
 
   
(In thousands)
 
                                                 
With no allocated allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
  $ 29,794     $ 29,414     $ -     $ 15,493     $ 6,721     $ -  
Real estate construction loans
    5,776       5,507       -       51,290       22,002       -  
Commercial mortgage loans
    72,319       64,298       -       59,954       54,625       -  
Residential mortgage loans and equity lines
    4,832       4,675       -       3,233       3,026       -  
Subtotal
  $ 112,721     $ 103,894     $ -     $ 129,970     $ 86,374     $ -  
With allocated allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
  $ 3,315     $ 3,217     $ 1,320     $ 7,757     $ 6,847     $ 530  
Commercial mortgage loans
    10,425       10,289       1,248       28,258       27,152       6,792  
Residential mortgage loans and equity lines
    14,637       13,514       375       14,383       13,437       427  
Subtotal
  $ 28,377     $ 27,020     $ 2,943     $ 50,398     $ 47,436     $ 7,749  
Total impaired loans
  $ 141,098     $ 130,914     $ 2,943     $ 180,368     $ 133,810     $ 7,749  
Past Due Financing Receivables [Table Text Block]
 
 
September 30, 2016
 
 
 
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
 
 
 
(In thousands)
 
       
Type of Loans:
                                                       
Commercial loans
  $ 45,409     $ 6,807     $ -     $ 9,251     $ 61,467     $ 2,187,529     $ 2,248,996  
Real estate construction loans
    -       -       -       5,507       5,507       509,729       515,236  
Commercial mortgage loans
    12,949       12,205       -       21,077       46,231       5,697,760       5,743,991  
Residential mortgage loans and equity lines
    -       477       -       8,524       9,001       2,490,423       2,499,424  
Installment and other loans
    -       -       -       -       -       2,810       2,810  
Total loans
  $ 58,358     $ 19,489     $ -     $ 44,359     $ 122,206     $ 10,888,251     $ 11,010,457  
 
 
December 31, 2015
 
 
 
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
 
 
 
(In thousands)
 
       
Type of Loans:
                                                       
Commercial loans
  $ 8,367     $ 221     $ -     $ 3,545     $ 12,133     $ 2,304,730     $ 2,316,863  
Real estate construction loans
    7,285       -       -       16,306       23,591       417,952       441,543  
Commercial mortgage loans
    2,243       2,223       -       25,231       29,697       5,271,521       5,301,218  
Residential mortgage loans and equity lines
    4,959       1,038       -       7,048       13,045       2,088,290       2,101,335  
Installment and other loans
    -       -       -       -       -       2,493       2,493  
Total loans
  $ 22,854     $ 3,482     $ -     $ 52,130     $ 78,466     $ 10,084,986     $ 10,163,452  
Schedule Of Troubled Debt Restructurings [Table Text Block]
 
 
Three months ended September 30, 2016
 
 
September 30, 2016
 
 
 
No. of
Contracts
 
 
Pre-Modification
Outstanding
Recorded
Investment
 
 
Post-Modification
Outstanding Recorded
Investment
 
 
Charge-offs
 
 
Specific Reserve
 
 
 
(Dollars in thousands)
 
 
 
 
 
                                         
Commercial loans
    7     $ 18,258     $ 18,258     $ -     $ 208  
Commercial mortgage loans
    1       738       738       -       -  
Total
    8     $ 18,996     $ 18,996     $ -     $ 208  
 
 
Three months ended September 30, 2015
 
 
September 30, 2015
 
 
 
No. of Contracts
 
 
Pre-Modification
Outstanding Recorded
Investment
 
 
Post-Modification
Outstanding Recorded
Investment
 
 
Charge-offs
 
 
Specific Reserve
 
 
 
(Dollars in thousands)
 
 
 
 
 
                                         
Commercial loans
    2     $ 306     $ 306     $ -     $ 1  
Commercial mortgage loans
    15       1,918       1,918       -       -  
Total
    17     $ 2,224     $ 2,224     $ -     $ 1  
 
 
Nine months ended September 30, 2016
 
 
September 30, 2016
 
 
 
No. of Contracts
 
 
Pre-Modification
Outstanding Recorded
Investment
 
 
Post-Modification
Outstanding Recorded
Investment
 
 
Charge-offs
 
 
Specific Reserve
 
 
 
(Dollars in thousands)
 
 
 
 
 
                                         
Commercial loans
    11     $ 23,102     $ 23,102     $ -     $ 222  
Commercial mortgage loans
    1       738       738       -       -  
Residential mortgage loans and equity lines
    2       367       367       -       -  
Total
    14     $ 24,207     $ 24,207     $ -     $ 222  
 
 
Nine months ended September 30, 2015
 
 
September 30, 2015
 
 
 
No. of
Contracts
 
 
Pre-Modification
Outstanding Recorded
Investment
 
 
Post-Modification
Outstanding Recorded
Investment
 
 
Charge-offs
 
 
Specific Reserve
 
 
 
(Dollars in thousands)
 
 
 
 
 
                                         
Commercial loans
    3     $ 1,156     $ 1,156     $ -     $ 1  
Commercial mortgage loans
    19       16,329       16,329       -       38  
Residential mortgage loans and equity lines
    5       1,522       1,374       148       45  
Total
    27     $ 19,007     $ 18,859     $ 148     $ 84  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
 
 
September 30, 2016
 
Accruing TDRs
 
Payment
Deferral
 
 
Rate
Reduction
 
 
Rate Reduction
and Payment
Deferral
 
 
Total
 
 
 
(In thousands)
 
 
 
 
 
Commercial loans
  $ 22,019     $ -     $ 1,360     $ 23,379  
Commercial mortgage loans
    26,835       5,986       20,690       53,511  
Residential mortgage loans
    5,048       989       3,628       9,665  
Total accruing TDRs
  $ 53,902     $ 6,975     $ 25,678     $ 86,555  
 
 
December 31, 2015
 
                         
                         
Accruing TDRs
 
Payment
Deferral
 
 
Rate
Reduction
 
 
Rate Reduction
and Payment
Deferral
 
 
Total
 
   
(In thousands)
 
Commercial loans
  $ 8,298     $ -     $ 1,726     $ 10,024  
Real estate construction loans
    -       -       5,696       5,696  
Commercial mortgage loans
    16,701       6,045       33,800       56,546  
Residential mortgage loans
    5,201       999       3,214       9,414  
Total accruing TDRs
  $ 30,200     $ 7,044     $ 44,436     $ 81,680  
Non Accrual Troubled Debt Restructurings [Table Text Block]
 
 
September 30, 2016
 
                   
                   
Non-accrual TDRs
 
Payment
Deferral
 
 
Rate Reduction
and Payment
Deferral
 
 
Total
 
 
 
(In thousands)
 
Commercial loans
  $ 3,477     $ 90     $ 3,567  
Commercial mortgage loans
    1,508       15,260       16,768  
Residential mortgage loans
    364       171       535  
Total non-accrual TDRs
  $ 5,349     $ 15,521     $ 20,870  
 
 
December 31, 2015
 
                   
                   
Non-accrual TDRs
 
Payment
Deferral
 
 
Rate Reduction
and
Payment
Deferral
 
 
Total
 
 
 
(In thousands)
 
Commercial loans
  $ 1,033     $ 90     $ 1,123  
Real estate construction loans
    9,981       5,825       15,806  
Commercial mortgage loans
    1,544       20,362       21,906  
Residential mortgage loans
    388       700       1,088  
Total non-accrual TDRs
  $ 12,946     $ 26,977     $ 39,923  
Activity Within The Troubled Debt Resturings [Table Text Block]
 
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
Accruing TDRs
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
 
(In thousands)
 
Beginning balance
  $ 74,708     $ 100,011     $ 81,680     $ 104,355  
New restructurings
    18,347       427       20,412       16,853  
Restructured loans restored to accrual status
    -       723       10,303       723  
Charge-offs
    -       -       -       (148 )
Payments
    (6,500 )     (11,280 )     (9,816 )     (21,714 )
Restructured loans placed on non-accrual status
    -       -       (1,138 )     (10,188 )
Expiration of loan concession upon renewal
    -       -       (14,886 )     -  
Ending balance
  $ 86,555     $ 89,881     $ 86,555     $ 89,881  
 
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
Non-accrual TDRs
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
 
(In thousands)
 
Beginning balance
  $ 25,442     $ 42,595     $ 39,923     $ 41,618  
New restructurings
    649       1,796       3,794       2,006  
Restructured loans placed on non-accrual status
    -       -       1,138       10,188  
Charge-offs
    (3,407 )     (3 )     (4,352 )     (3,246 )
Payments
    (1,814 )     (1,859 )     (9,330 )     (8,037 )
Restructured loans restored to accrual status
    -       (723 )     (10,303 )     (723 )
Ending balance
  $ 20,870     $ 41,806     $ 20,870     $ 41,806  
Financing Receivable Credit Quality Indicators [Table Text Block]
 
 
September 30, 2016
 
 
 
Pass/Watch
 
 
Special Mention
 
 
Substandard
 
 
Doubtful
 
 
Total
 
   
(In thousands)
 
Commercial loans
  $ 2,027,815     $ 133,858     $ 86,806     $ 517     $ 2,248,996  
Real estate construction loans
    489,473       20,256       5,507       -       515,236  
Commercial mortgage loans
    5,391,701       219,081       133,209       -       5,743,991  
Residential mortgage loans and equity lines
    2,488,495       391       10,538       -       2,499,424  
Installment and other loans
    2,810       -       -       -       2,810  
Total gross loans
  $ 10,400,294     $ 373,586     $ 236,060     $ 517     $ 11,010,457  
                                         
Loans held for sale
  $ -     $ -     $ -     $ 4,750     $ 4,750  
 
 
December 31, 2015
 
 
 
Pass/Watch
 
 
Special Mention
 
 
Substandard
 
 
Doubtful
 
 
Total
 
   
(In thousands)
 
Commercial loans
  $ 2,143,270     $ 110,338     $ 61,297     $ 1,958     $ 2,316,863  
Real estate construction loans
    413,765       5,776       21,502       500       441,543  
Commercial mortgage loans
    5,018,199       155,553       118,196       9,270       5,301,218  
Residential mortgage loans and equity lines
    2,091,434       399       9,502       -       2,101,335  
Installment and other loans
    2,493       -       -       -       2,493  
Total gross loans
  $ 9,669,161     $ 272,066     $ 210,497     $ 11,728     $ 10,163,452  
                                         
Loans held for sale
  $ 732     $ -     $ 5,944     $ -     $ 6,676  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Three months ended September 30, 2016 and 2015
 
 
 
 
 
 
 
Real Estate
 
 
Commercial
 
 
Residential
 
 
Installment
 
 
 
 
 
 
 
Commercial
 
 
Construction
 
 
Mortgage
 
 
Mortgage Loans
 
 
and Other
 
 
 
 
 
 
 
Loans
 
 
Loans
 
 
Loans
 
 
and Equity Lines
 
 
Loans
 
 
Total
 
 
 
(In thousands)
 
                                                 
June 30, 2016 Ending Balance
  $ 50,590     $ 10,753     $ 46,090     $ 15,503     $ 12       122,948  
Provision/(credit) for possible credit losses
    4,380       (2,056 )     3,132       (5,452 )     (4 )     -  
Charge-offs
    (3,277 )     -       (4,626 )     -       -       (7,903 )
Recoveries
    2,006       548       337       6       -       2,897  
Net (charge-offs)/recoveries
    (1,271 )     548       (4,289 )     6       -       (5,006 )
September 30, 2016 Ending Balance
  $ 53,699     $ 9,245     $ 44,933     $ 10,057     $ 8     $ 117,942  
                                                 
June 30, 2015 Ending Balance
  $ 47,540     $ 26,304     $ 67,245     $ 12,323     $ 25     $ 153,437  
Provision/(credit) for possible credit losses
    10,040       121       (11,762 )     353       (2 )     (1,250 )
Charge-offs
    (3,310 )     -       (97 )     -       -       (3,407 )
Recoveries
    607       41       647       1       -       1,296  
Net (charge-offs)/recoveries
    (2,703 )     41       550       1       -       (2,111 )
September 30, 2015 Ending Balance
  $ 54,877     $ 26,466     $ 56,033     $ 12,677     $ 23     $ 150,076  
Nine months ended September 30, 2016 and 2015
 
 
 
 
 
 
 
Real Estate
 
 
Commercial
 
 
Residential
 
 
Installment
 
 
 
 
 
 
 
Commercial
 
 
Construction
 
 
Mortgage
 
 
Mortgage Loans
 
 
and Other
 
 
 
 
 
 
 
Loans
 
 
Loans
 
 
Loans
 
 
and Equity Lines
 
 
Loans
 
 
Total
 
 
 
(In thousands)
 
                                                 
2016 Beginning Balance
  $ 56,199     $ 22,170     $ 49,440     $ 11,145     $ 9     $ 138,963  
                                                 
Provision/(credit) for possible credit losses
    5,815       (20,796 )     295       (963 )     (1 )     (15,650 )
                                                 
Charge-offs
    (12,035 )     -       (5,681 )     (149 )     -       (17,865 )
Recoveries
    3,720       7,871       879       24               12,494  
Net (charge-offs)/recoveries
    (8,315 )     7,871       (4,802 )     (125 )     -       (5,371 )
                                                 
September 30, 2016 Ending Balance
  $ 53,699     $ 9,245     $ 44,933     $ 10,057     $ 8     $ 117,942  
Reserve for impaired loans
  $ 1,320     $ -     $ 1,248     $ 375     $ -     $ 2,943  
Reserve for non-impaired loans
  $ 52,379     $ 9,245     $ 43,685     $ 9,682     $ 8     $ 114,999  
Reserve for off-balance sheet
credit commitments
  $ 2,112     $ -     $ 35     $ 80     $ 2     $ 2,229  
                                                 
2015 Beginning Balance
  $ 47,501     $ 27,652     $ 74,673     $ 11,578     $ 16     $ 161,420  
                                                 
Provision/(credit) for possible credit losses
    11,045       (1,349 )     (19,342 )     1,239       7       (8,400 )
                                                 
Charge-offs
    (6,754 )     -       (3,613 )     (161 )     -       (10,528 )
Recoveries
    3,085       163       4,315       21       -       7,584  
Net (charge-offs)/recoveries
    (3,669 )     163       702       (140 )     -       (2,944 )
                                                 
September 30, 2015 Ending Balance
  $ 54,877     $ 26,466     $ 56,033     $ 12,677     $ 23     $ 150,076  
Reserve for impaired loans
  $ 7,561     $ -     $ 6,389     $ 373     $ -     $ 14,323  
Reserve for non-impaired loans
  $ 47,316     $ 26,466     $ 49,644     $ 12,304     $ 23     $ 135,753  
Reserve for off-balance sheet
credit commitments
  $ 703     $ 477     $ 202     $ 37     $ 1     $ 1,420