XML 50 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 5 - Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
 
 
As of December 31,
 
 
 
2016
 
 
2015
 
 
 
(In thousands)
 
Type of Loans:
 
 
 
 
 
 
 
 
Commercial loans
  $
2,248,187
    $
2,316,863
 
Real estate construction loans
   
548,088
     
441,543
 
Commercial mortgage loans
   
5,785,248
     
5,301,218
 
Residential mortgage loans
   
2,444,048
     
1,932,355
 
Equity lines
   
171,711
     
168,980
 
Installment and other loans
   
3,993
     
2,493
 
Gross loans
   
11,201,275
     
10,163,452
 
Less:
                
Allowance for loan losses
   
(118,966
 )    
(138,963
 )
Unamortized deferred loan fees
   
(4,994
 )    
(8,262
 )
Total loans and leases, net
   $
11,077,315
    $
10,016,227
 
Loans held for sale
   $
7,500
    $
6,676
 
Schedule of Related Party Transactions [Table Text Block]
 
 
December 31,
 
 
 
2016
 
 
2015
 
 
 
(In thousands)
 
Balance at beginning of year
  $
91,620
    $
83,812
 
Additional loans made
   
62,206
     
54,975
 
Payment received
    
(102,499
 )    
(47,167
 )
Balance at end of year
  $
51,327
    $
91,620
 
Schedule Of Impaired Loans And Related Allowance And Charge Off [Table Text Block]
 
  
Impaired Loans
  
 
  
As of December 31, 2016
    
As of December 31, 2015
  
 
  
Unpaid
Principal
Balance
    
Recorded
Investment
   
Allowance
   
Unpaid
Principal
Balance
    
Recorded
Investment
   
Allowance
 
 
  
(In thousands)
  
                                                 
With no allocated allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
   $
24,037
    $
23,121
    $
-
    $
15,493
    $
6,721
    $
-
 
Real estate construction loans
    
5,776
     
5,458
     
-
     
51,290
     
22,002
     
-
 
Commercial mortgage loans
    
60,522
     
54,453
     
-
     
59,954
     
54,625
     
-
 
Residential mortgage and equity lines
    
5,472
     
5,310
     
-
     
3,233
     
3,026
     
-
 
Subtotal
  $
95,807
    $
88,342
    $
-
    $
129,970
    $
86,374
    $
-
 
With allocated allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
   $
5,216
    $
4,640
    $
1,827
    $
7,757
    $
6,847
    $
530
 
Commercial mortgage loans
    
10,158
     
10,017
     
573
     
28,258
     
27,152
     
6,792
 
Residential mortgage and equity lines
    
13,263
     
12,075
     
396
     
14,383
     
13,437
     
427
 
Subtotal
  $
28,637
    $
26,732
    $
2,796
    $
50,398
    $
47,436
    $
7,749
 
Total impaired loans
   $
124,444
    $
115,074
    $
2,796
    $
180,368
    $
133,810
    $
7,749
 
Impaired Financing Receivables [Table Text Block]
 
  
For the year ended December 31,
  
 
  
2016
    
2015
    
2014
    
2016
    
2015
    
2014
  
 
  
Average Recorded Investment
   
Interest Income Recognized
 
 
  
(In thousands)
  
Commercial loans
   $
21,199
    $
23,960
    $
26,128
    $
767
    $
546
    $
878
 
Real estate construction loans
    
10,362
     
22,066
     
32,439
     
-
     
261
     
264
 
Commercial mortgage loans
    
81,905
     
100,118
     
114,248
     
2,214
     
2,708
     
3,735
 
Residential mortgage and equity lines
    
17,553
     
16,801
     
17,411
     
481
     
482
     
462
 
Subtotal
  $
131,019
    $
162,945
    $
190,226
    $
3,462
    $
3,997
    $
5,339
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
 
  
2016
    
2015
    
2014
  
 
  
(In thousands)
  
Non-accrual portfolio loans
  $
49,682
    $
52,130
    $
70,163
 
Non-accrual loans held-for-sale
   
7,500
     
5,944
     
973
 
Total non-accrual loans
   $
57,182
    $
58,074
    $
71,136
 
                         
Contractual interest due
  $
1,573
    $
5,732
    $
6,663
 
Interest recognized
   
95
     
119
     
217
 
Net interest foregone
  $
1,478
    $
5,613
    $
6,446
 
Past Due Financing Receivables [Table Text Block]
 
  
As of December 31, 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
  
Type of Loans:
  
(In thousands)
  
Commercial loans
  $
22,753
    $
27,190
    $
-
    $
15,710
    $
65,653
    $
2,182,534
    $
2,248,187
 
Real estate construction loans
   
10,390
     
5,835
     
-
     
5,458
     
21,683
     
526,405
     
548,088
 
Commercial mortgage loans
   
5,886
     
700
     
-
     
20,078
     
26,664
     
5,758,584
     
5,785,248
 
Residential mortgage loans
   
4,390
     
-
     
-
     
8,436
     
12,826
     
2,602,933
     
2,615,759
 
Installment and other loans
   
-
     
-
     
-
     
-
     
 
      
3,993
     
3,993
 
Total loans
  $
43,419
    $
33,725
    $
-
    $
49,682
    $
126,826
    $
11,074,449
    $
11,201,275
 
 
  
As of 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
  
Type of Loans:
  
(In thousands)
  
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
   
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]
 
  
No. of
Contracts
    
Pre-Modification
Outstanding Recorded
Investment
   
Post-Modification
Outstanding Recorded
Investment
   
Specific Reserve
   
Charge-offs
 
   
(Dollars in thousands)
  
                                         
Commercial loans
    
24
    $
30,215
    $
29,385
    $
1,746
    $
830
 
Commercial mortgage loans
    
4
     
4,153
     
4,153
     
34
     
-
 
Residential mortgage and equity lines
    
2
     
367
     
367
     
-
     
-
 
Total
   
30
    $
34,735
    $
33,905
    $
1,780
    $
830
 
 
  
No. of
Contracts
    
Pre-Modification
Outstanding Recorded
Investment
   
Post-Modification
Outstanding Recorded
Investment
   
Specific Reserve
   
Charge-offs
 
   
(Dollars in thousands)
  
                                         
Commercial loans
    
3
    $
1,181
    $
1,181
    $
2
    $
-
 
Commercial mortgage loans
    
20
     
17,204
     
17,204
     
708
     
-
 
Residential mortgage and equity lines
    
5
     
1,521
     
1,374
     
42
     
148
 
Total
   
28
    $
19,906
    $
19,759
    $
752
    $
148
 
 
  
No. of
Contracts
    
Pre-Modification
Outstanding Recorded
Investment
   
Post-Modification
Outstanding Recorded
Investment
   
Specific Reserve
   
Charge-off
 
   
(Dollars in thousands)
  
                                         
Commercial loans
    
4
    $
10,539
    $
10,539
    $
21
    $
-
 
Commercial mortgage loans
    
3
     
11,817
     
11,817
     
5,550
     
-
 
Residential mortgage and equity lines
    
7
     
2,715
     
2,715
     
29
     
-
 
Total
   
14
    $
25,071
    $
25,071
    $
5,600
    $
-
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
 
  
December 31, 2016
  
Accruing TDRs
  
Payment
Deferral
    
Rate
Reduction
    
Rate Reduction
and Payment
Deferral
    
Total
  
                                 
Commercial loans
  $
7,971
    $
-
    $
4,081
    $
12,052
 
Commercial mortgage loans
   
25,979
     
5,961
     
12,452
     
44,392
 
Residential mortgage loans
   
5,104
     
789
     
3,056
     
8,949
 
Total accruing TDRs
   $
39,054
    $
6,750
    $
19,589
    $
65,393
 
 
  
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]
   
December 31, 2016
  
Non-accrual TDRs
  
Payment
Deferral
    
Rate
Reduction
    
Rate Reduction and
Payment Deferral
    
Total
  
 
  
(In thousands)
  
Commercial loans
  $
14,565
    $
-
    $
-
    $
14,565
 
Commercial mortgage loans
   
2,510
     
1,795
     
10,328
     
14,633
 
Residential mortgage loans
   
356
     
-
     
168
     
524
 
Total non-accrual TDRs
   $
17,431
    $
1,795
    $
10,496
    $
29,722
 
 
  
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]
Accruing TDRs
  
2016
    
2015
    
2014
  
 
  
(In thousands)
  
Beginning balance
   $
81,680
    $
104,356
    $
117,597
 
New restructurings
    
26,965
     
17,752
     
23,740
 
Restructured loans restored to accrual status
    
10,303
     
723
     
962
 
Charge-offs
    
(88
 )    
(104
 )    
-
 
Payments
    
(24,192
 )    
(30,858
 )    
(13,256
 )
Restructured loans placed on non-accrual
    
(13,984
 )    
(10,189
 )    
(24,687
 )
Expiration of loan concession
    
(15,291
 )    
-
     
-
 
Ending balance
   $
65,393
    $
81,680
    $
104,356
 
Non-accrual TDRs 
  
2016
    
2015
    
2014
  
 
  
(In thousands)
  
Beginning balance
   $
39,923
    $
41,618
    $
38,769
 
New restructurings
    
6,940
     
2,006
     
1,331
 
Restructured loans placed on non-accrual
    
13,984
     
10,189
     
24,688
 
Charge-offs
    
(5,271
 )    
(3,246
 )    
(8,938
 )
Payments
    
(15,551
 )    
(9,921
 )    
(11,710
 )
Foreclosures
    
-
     
-
     
(1,560
 )
Restructured loans restored to accrual status
    
(10,303
 )    
(723
 )    
(962
 )
Ending balance
   $
29,722
    $
39,923
    $
41,618
 
Financing Receivable Credit Quality Indicators [Table Text Block]
 
  
As of December 31, 2016
  
 
  
Pass/Watch
   
Special Mention
   
Substandard
   
Doubtful
   
Total
 
   
(In thousands)
  
Commercial loans
   $
2,023,114
    $
140,682
    $
84,293
    $
98
    $
2,248,187
 
Real estate construction loans
    
469,909
     
44,129
     
34,050
     
-
     
548,088
 
Commercial mortgage loans
    
5,410,623
     
250,221
     
124,404
     
-
     
5,785,248
 
Residential mortgage and equity lines
    
2,605,834
     
-
     
9,925
     
-
     
2,615,759
 
Installment and other loans
    
3,993
     
-
     
-
     
-
     
3,993
 
Total gross loans
   $
10,513,473
    $
435,032
    $
252,672
    $
98
    $
11,201,275
 
                                         
Loans held for sale
   $
-
    $
-
    $
7,500
    $
-
    $
7,500
 
 
  
As of 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 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]
 
 
 
 
 
  
Real Estate
    
Commercial
    
Residential
    
Installment
 
 
 
 
 
 
  
Commercial
    
Construction
    
Mortgage
    
Mortgage
    
and Other
  
 
 
 
 
 
  
Loans
    
Loans
    
Loans
    
and Equity Lines
    
Loans
    
Total
  
 
  
(In thousands)
  
2015 Beginning Balance
   $
47,501
    $
27,652
    $
74,673
    $
11,578
    $
16
    $
161,420
 
                                                 
Provision/(reversal) for loan losses
    
20,505
     
(5,684
 )    
(26,035
 )    
(179
 )    
(7
 )    
(11,400
 )
                                                 
Charge-offs
    
(16,426
 )    
-
     
(3,716
 )    
(285
 )    
-
     
(20,427
 )
Recoveries
    
4,619
     
202
     
4,518
     
31
     
-
     
9,370
 
Net (Charge-offs)/Recoveries
    
(11,807
 )    
202
     
802
     
(254
 )    
-
     
(11,057
 )
                                                 
2015 Ending Balance
   $
56,199
    $
22,170
    $
49,440
    $
11,145
    $
9
    $
138,963
 
Reserve for impaired loans
   $
530
    $
-
    $
6,792
    $
427
    $
-
    $
7,749
 
Reserve for non-impaired loans
   $
55,669
    $
22,170
    $
42,648
    $
10,718
    $
9
    $
131,214
 
Reserve for off-balance sheet
credit commitments
   $
810
    $
526
    $
158
    $
-
    $
-
    $
1,494
 
                                                 
2016 Beginning Balance
   $
56,199
    $
22,170
    $
49,440
    $
11,145
    $
9
    $
138,963
 
                                                 
Provision/(reversal) for loan losses
    
1,815
     
(6,819
 )    
(11,123
 )    
475
     
2
     
(15,650
 )
                                                 
Charge-offs
    
(12,955
 )    
-
     
(5,948
 )    
-
     
-
     
(18,903
 )
Recoveries
    
4,144
     
7,917
     
2,495
     
-
     
-
     
14,556
 
Net (Charge-offs)/Recoveries
    
(8,811
 )    
7,917
     
(3,453
 )    
-
     
-
     
(4,347
 )
                                                 
2016 Ending Balance
   $
49,203
    $
23,268
    $
34,864
    $
11,620
    $
11
    $
118,966
 
Reserve for impaired loans
   $
1,827
    $
-
    $
573
    $
396
    $
-
    $
2,796
 
Reserve for non-impaired loans
   $
47,376
    $
23,268
    $
34,291
    $
11,224
    $
11
    $
116,170
 
Reserve for off-balance sheet
credit commitments
   $
2,091
    $
940
    $
41
    $
146
    $
6
    $
3,224
 
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]
 
  
December 31,
  
 
  
2016
    
2015
    
2014
  
Allowance for Loan Losses
 
(In thousands)
  
Balance at beginning of year
  $
138,963
    $
161,420
    $
173,889
 
Reversal for credit losses
   
(15,650
 )    
(11,400
 )    
(10,800
 )
Transfers to reserve for off-balance sheet
credit commitments
    
-
     
-
     
(372
 )
Loans charged off
   
(18,903
 )    
(20,427
 )    
(22,235
 )
Recoveries of charged off loans
   
14,556
     
9,370
     
20,938
 
Balance at end of year
  $
118,966
    $
138,963
    $
161,420
 
                         
Reserve for Off-balance Sheet Credit Commitments
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
  $
1,494
    $
1,949
    $
1,363
 
Provision/(reversal) for credit losses and transfers
   
1,730
     
(455
 )    
586
 
Balance at end of year
  $
3,224
    $
1,494
    $
1,949
 
Impairment Method [Member]  
Notes Tables  
Impaired Financing Receivables [Table Text Block]
 
  
Commercial
Loans
    
Real Estate
Construction
Loans
    
Commercial
Mortgage
Loans
    
Residential
Mortgage
and Equity Lines
    
Consumer
and Other
    
Total
  
 
  
(In thousands)
  
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
   $
1,827
    $
-
    $
573
    $
396
    $
-
    $
2,796
 
Balance
   $
27,761
    $
5,458
    $
64,470
    $
17,385
    $
-
    $
115,074
 
                                                 
Loans collectively evaluated for impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance
   $
47,376
    $
23,268
    $
34,291
    $
11,224
    $
11
    $
116,170
 
Balance
   $
2,220,426
    $
542,630
    $
5,720,778
    $
2,598,374
    $
3,993
    $
11,086,201
 
                                                 
Total allowance
   $
49,203
    $
23,268
    $
34,864
    $
11,620
    $
11
    $
118,966
 
Total balance
   $
2,248,187
    $
548,088
    $
5,785,248
    $
2,615,759
    $
3,993
    $
11,201,275
 
                                                 
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