Allowance for Loan and Lease Losses | Allowance for Loan and Lease Losses The following tables present the changes in the allowance for loan and lease losses and the recorded investment in loans and leases by portfolio segment for the periods indicated: Three Months Ended March 31, 2017 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2016 $ 27,645 $ 20,906 $ 5,115 $ 53,666 Charge-offs (24 ) (1,207 ) (151 ) (1,382 ) Recoveries 140 142 105 387 Provision (credit) for loan and lease losses 227 13,442 (207 ) 13,462 Balance at March 31, 2017 $ 27,988 $ 33,283 $ 4,862 $ 66,133 Three Months Ended March 31, 2016 Commercial Real Estate Commercial Consumer Total (In Thousands) Balance at December 31, 2015 $ 30,151 $ 22,018 $ 4,570 $ 56,739 Charge-offs (331 ) (288 ) (256 ) (875 ) Recoveries — 224 251 475 Provision (credit) for loan and lease losses 1,164 1,024 79 2,267 Balance at March 31, 2016 $ 30,984 $ 22,978 $ 4,644 $ 58,606 The liability for unfunded credit commitments, which is included in other liabilities, was $1.4 million , $1.5 million , and $1.4 million at March 31, 2017 , December 31, 2016 , and March 31, 2016 , respectively. The changes in the liability for unfunded credit commitments reflect changes in the estimate of loss exposure associated with certain unfunded credit commitments. No credit commitments were charged off against the liability account in the three-month periods ended March 31, 2017 and 2016 . Provision for Credit Losses The provisions for credit losses are set forth below for the periods indicated: Three Months Ended March 31, 2017 2016 (In Thousands) Provision (credit) for loan and lease losses: Commercial real estate $ 227 $ 1,164 Commercial 13,442 1,024 Consumer (207 ) 79 Total provision for loan and lease losses 13,462 2,267 Unfunded credit commitments (60 ) 111 Total provision for credit losses $ 13,402 $ 2,378 Allowance for Loan and Lease Losses Methodology Management has established a methodology to determine the adequacy of the allowance for loan and lease losses that assesses the risks and losses inherent in the loan and lease portfolio. Additions to the allowance for loan and lease losses are made by charges to the provision for credit losses. Losses on loans and leases are charged off against the allowance when all or a portion of a loan or lease is considered uncollectible. Subsequent recoveries on loans previously charged off, if any, are credited to the allowance when realized. Management uses a consistent and systematic process and methodology to evaluate the adequacy of the allowance for loan and lease losses on a quarterly basis. For purposes of determining the allowance for loan and lease losses, the Company has segmented certain loans and leases in the portfolio by product type into the following segments: (1) commercial real estate loans, (2) commercial loans and leases, and (3) consumer loans. Portfolio segments are further disaggregated into classes based on the associated risks within the segments. Commercial real estate loans are divided into three classes: commercial real estate loans, multi-family mortgage loans, and construction loans. Commercial loans and leases are divided into three classes: commercial loans which includes taxi medallion loans, equipment financing, and loans to condominium associations. Consumer loans are divided into three classes: residential mortgage loans, home equity loans, and other consumer loans. A formula-based credit evaluation approach is applied to each group, coupled with an analysis of certain loans for impairment. For each class of loan, management makes significant judgments in selecting the estimation method that fits the credit characteristics of its class and portfolio segment as set forth below. The general allowance related to loans collectively evaluated for impairment is determined using a formula-based approach utilizing the risk ratings of individual credits and loss factors derived from historic portfolio loss rates, which include estimates of incurred losses over an estimated loss emergence period (“LEP”). The LEP was generated utilizing a charge-off look-back analysis which studied the time from the first indication of elevated risk of repayment (or other early event indicating a problem) to eventual charge-off to support the LEP considered in the allowance calculation. This reserving methodology established the approximate number of months of LEP that represents incurred losses for each portfolio. In addition to quantitative measures, relevant qualitative factors include, but are not limited to: (1) levels and trends in past due and impaired loans, (2) levels and trends in charge-offs, (3) changes in underwriting standards, policy exceptions, and credit policy, (4) experience of lending management and staff, (5) economic trends, (6) industry conditions, (7) effects of changes in credit concentrations, (8) interest rate environment, and (9) regulatory and other changes. The general allowance related to the acquired loans collectively evaluated for impairment is determined based upon the degree, if any, of deterioration in the pooled loans subsequent to acquisition. The qualitative factors used in the determination are the same as those used for originated loans. Specific valuation allowances are established for impaired originated loans with book values greater than the discounted present value of expected future cash flows or, in the case of collateral-dependent impaired loans, for any excess of a loan's book balance and the fair value of its underlying collateral. Specific valuation allowances are established for acquired loans with deterioration in the discounted present value of expected future cash flows since acquisitions or, in the case of collateral dependent impaired loans, for any increase in the excess of a loan's book balance greater than the fair value of its underlying collateral. A specific valuation allowance for losses on troubled debt restructured ("TDR") loans is determined by comparing the net carrying amount of the troubled debt restructured loan with the restructured loan's cash flows discounted at the original effective rate. Impaired loans are reviewed quarterly with adjustments made to the calculated reserve as necessary. As of March 31, 2017 , management believes that the methodology for calculating the allowance is sound and that the allowance provides a reasonable basis for determining and reporting on probable losses in the Company’s loan portfolios. As of March 31, 2017 , the Company had a portfolio of approximately $30.6 million in loans secured by taxi medallions issued by the cities of Boston and Cambridge. As of December 31, 2016 , this portfolio was approximately $31.1 million . Application-based mobile ride services, such as Uber and Lyft, have generated increased competition in the transportation sector, resulting in a reduction in taxi utilization and, as a result, a reduction in the collateral value and credit quality of taxi medallion loans. This has increased the likelihood that loans secured by taxi medallions may default, or that the borrowers may be unable to repay these loans at maturity, potentially resulting in an increase in past due loans, troubled debt restructurings, and charge-offs. The Company’s allowance calculation included a further segmentation of the commercial loans and leases to reflect the increased risk in the Company’s taxi medallion portfolio. This allowance calculation segmentation represents management’s estimations of the current risks associated with the portfolio. As of March 31, 2017 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $7.6 million of which $5.5 million were specific reserves and $2.1 million was a general reserve. As of December 31, 2016 , the Company had an allowance for loan and lease losses associated with taxi medallion loans of $1.3 million of which $0.1 million were specific reserves and $1.2 million was a general reserve. The increase in the allowance for loan and leases associated with taxi medallion loans was primarily driven by the increase in specific reserves due to changes in the underlying collateral value of taxi medallions and the increase in general reserve due to the increase in the historical loss factor applied to the taxi medallion loans. The total troubled debt restructured loans and leases secured by taxi medallions increased by $0.7 million from $6.1 million at December 31, 2016 to $6.8 million at March 31, 2017 due to two taxi medallion relationships which were restructured during the quarter. The total loans and leases secured by taxi medallions that were placed on nonaccrual increased to $14.2 million at March 31, 2017 from $13.4 million at December 31, 2016 due to the two restructured taxi medallion relationships mentioned above which were placed on nonaccrual status in the quarter. In addition, further declines in demand for taxi services or further deterioration in the value of taxi medallions may result in higher delinquencies and losses beyond that provided for in the allowance for loan and lease losses. The general allowance for loan and lease losses was $56.0 million as of March 31, 2017 , compared to $53.5 million as of December 31, 2016 . The general portion of the allowance for loan and lease losses increased by $2.5 million during the three months ended March 31, 2017 , as a result of the continued growth in the Company's loan portfolios and the increase in historical loss factors applied to commercial real estate and commercial portfolios, offset by the decrease in historical loss factors applied to the consumer loan portfolios. The specific allowance for loan and lease losses was $10.1 million as of March 31, 2017 , compared to $0.2 million as of December 31, 2016 . The specific allowance increased by $9.9 million during the three months ended March 31, 2017 , primarily due to the reduction in collateral values for taxi medallion loans and the increase in specific reserves for two commercial loans during the quarter. Credit Quality Assessment At the time of loan origination, a rating is assigned based on the capacity to pay and general financial strength of the borrower, the value of assets pledged as collateral, and the evaluation of third party support such as a guarantor. The Company continually monitors the quality of the loan portfolio using all available information. The officer responsible for handling each loan is required to initiate changes to risk ratings when changes in facts and circumstances occur that warrant an upgrade or downgrade in a loan rating. Based on this information, loans demonstrating certain payment issues or other weaknesses may be categorized as delinquent, impaired, nonperforming and/or put on nonaccrual status. Additionally, in the course of resolving such loans, the Company may choose to restructure the contractual terms of certain loans to match the borrower's ability to repay the loan based on their current financial condition. If a restructured loan meets certain criteria, it may be categorized as a troubled debt restructuring. The Company reviews numerous credit quality indicators when assessing the risk in its loan portfolio. For all loans, the Company utilizes an eight-grade loan rating system, which assigns a risk rating to each borrower based on a number of quantitative and qualitative factors associated with a loan transaction. Factors considered include industry and market conditions; position within the industry; earnings trends; operating cash flow; asset/liability values; debt capacity; guarantor strength; management and controls; financial reporting; collateral; and other considerations. In addition, the Company's independent loan review group evaluates the credit quality and related risk ratings in all loan portfolios. The results of these reviews are reported to the Risk Committee of the Board of Directors on a periodic basis and annually to the Board of Directors. For the consumer loans, the Company heavily relies on payment status for calibrating credit risk. The ratings categories used for assessing credit risk in the commercial real estate, multi-family mortgage, construction, commercial, equipment financing, condominium association and other consumer loan and lease classes are defined as follows: 1 -4 Rating—Pass Loan rating grades "1" through "4" are classified as "Pass," which indicates borrowers are performing in accordance with the terms of the loan and are less likely to result in loss due to the capacity of the borrower to pay and the adequacy of the value of assets pledged as collateral. 5 Rating—Other Assets Especially Mentioned ("OAEM") Borrowers exhibit potential credit weaknesses or downward trends deserving management's attention. If not checked or corrected, these trends will weaken the Company's asset and position. While potentially weak, currently these borrowers are marginally acceptable; no loss of principal or interest is envisioned. 6 Rating—Substandard Borrowers exhibit well defined weaknesses that jeopardize the orderly liquidation of debt. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligors or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy. Although no loss of principal is envisioned, there is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Collateral coverage may be inadequate to cover the principal obligation. 7 Rating—Doubtful Borrowers exhibit well-defined weaknesses that jeopardize the orderly liquidation of debt with the added provision that the weaknesses make collection of the debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely. 8 Rating—Definite Loss Borrowers deemed incapable of repayment. Loans to such borrowers are considered uncollectible and of such little value that continuation as active assets of the Company is not warranted. Assets rated as "OAEM," "substandard" or "doubtful" based on criteria established under banking regulations are collectively referred to as "criticized" assets. Credit Quality Information The following tables present the recorded investment in loans in each class as of March 31, 2017 , by credit quality indicator. At March 31, 2017 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer (In Thousands) Originated: Loan rating: Pass $ 1,918,249 $ 704,610 $ 150,524 $ 595,579 $ 802,801 $ 60,396 $ 14,791 OAEM 6,891 — — 9,422 779 — — Substandard 6,767 1,095 — 23,898 3,755 — 76 Doubtful 266 — — 4,913 2,923 — — Total originated 1,932,173 705,705 150,524 633,812 810,258 60,396 14,867 Acquired: Loan rating: Pass 125,129 27,540 210 7,610 5,495 — 116 OAEM 885 268 — 245 — — — Substandard 8,310 309 — 2,010 — — 3 Doubtful 102 — — 563 — — — Total acquired 134,426 28,117 210 10,428 5,495 — 119 Total loans $ 2,066,599 $ 733,822 $ 150,734 $ 644,240 $ 815,753 $ 60,396 $ 14,986 As of March 31, 2017 , there were no loans categorized as definite loss. At March 31, 2017 Residential Mortgage Home Equity ($ In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 139,383 22.0 % $ 147,633 43.0 % 50% - 69% 238,100 37.7 % 66,444 19.3 % 70% - 79% 166,006 26.3 % 55,337 16.1 % 80% and over 19,394 3.1 % 23,041 6.7 % Data not available* 2,783 0.4 % 868 0.3 % Total originated 565,666 89.5 % 293,323 85.4 % Acquired: Loan-to-value ratio: Less than 50% 17,219 2.7 % 30,261 8.9 % 50%—69% 23,316 3.7 % 14,839 4.3 % 70%—79% 13,337 2.1 % 2,417 0.7 % 80% and over 9,343 1.5 % 1,007 0.3 % Data not available* 2,982 0.5 % 1,539 0.4 % Total acquired 66,197 10.5 % 50,063 14.6 % Total loans $ 631,863 100.0 % $ 343,386 100.0 % _______________________________________________________________________________ * Represents in process general ledger accounts for which data are not available. The following tables present the recorded investment in loans in each class as of December 31, 2016 , by credit quality indicator. At December 31, 2016 Commercial Real Estate Multi- Family Mortgage Construction Commercial Equipment Financing Condominium Association Other Consumer (In Thousands) Originated: Loan rating: Pass $ 1,899,162 $ 700,046 $ 136,607 $ 583,940 $ 786,050 $ 60,122 $ 18,022 OAEM 1,538 — 178 8,675 824 — — Substandard 6,288 1,404 — 28,595 4,848 — 149 Doubtful 266 — — 75 1,980 — — Total originated 1,907,254 701,450 136,785 621,285 793,702 60,122 18,171 Acquired: Loan rating: Pass 131,850 29,153 214 10,312 6,158 — 128 OAEM 1,408 270 — 249 — — — Substandard 9,768 313 — 3,017 — — — Doubtful 102 — — 563 — — — Total acquired 143,128 29,736 214 14,141 6,158 — 128 Total loans $ 2,050,382 $ 731,186 $ 136,999 $ 635,426 $ 799,860 $ 60,122 $ 18,299 As of December 31, 2016 , there were no loans categorized as definite loss. At December 31, 2016 Residential Mortgage Home Equity ($ In Thousands) Originated: Loan-to-value ratio: Less than 50% $ 138,030 22.1 % $ 153,679 44.9 % 50%—69% 229,799 36.9 % 61,553 18.1 % 70%—79% 162,614 26.0 % 49,987 14.6 % 80% and over 21,859 3.5 % 23,317 6.8 % Data not available* 3,128 0.5 % 825 0.2 % Total originated 555,430 89.0 % 289,361 84.6 % Acquired: Loan-to-value ratio: Less than 50% 17,809 2.9 % 32,334 9.4 % 50%—69% 24,027 3.8 % 15,059 4.4 % 70%—79% 14,030 2.2 % 3,069 0.9 % 80% and over 10,069 1.6 % 1,016 0.3 % Data not available* 2,984 0.5 % 1,402 0.4 % Total acquired 68,919 11.0 % 52,880 15.4 % Total loans $ 624,349 100.0 % $ 342,241 100.0 % _______________________________________________________________________________ * Represents in process general ledger accounts for which data are not available. The following table presents information regarding foreclosed residential real estate property for the periods indicated: At March 31, 2017 At December 31, 2016 (In Thousands) Foreclosed residential real estate property held by the creditor $ 251 $ 251 Recorded investment in mortgage loans collateralized by residential real estate property that are in the process of foreclosure 1,455 1,213 Age Analysis of Past Due Loans and Leases The following tables present an age analysis of the recorded investment in total loans and leases as of March 31, 2017 and December 31, 2016 . At March 31, 2017 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Originated: Commercial real estate loans: Commercial real estate $ 487 $ 889 $ 3,836 $ 5,212 $ 1,926,961 $ 1,932,173 $ 2 $ 5,526 Multi-family mortgage 1,928 — — 1,928 703,777 705,705 — 1,095 Construction — — — — 150,524 150,524 — — Total commercial real estate loans 2,415 889 3,836 7,140 2,781,262 2,788,402 2 6,621 Commercial loans and leases: Commercial 9,232 1,680 10,128 21,040 612,772 633,812 — 25,750 Equipment financing 2,983 1,406 4,217 8,606 801,652 810,258 78 6,445 Condominium association 196 — — 196 60,200 60,396 — — Total commercial loans and leases 12,411 3,086 14,345 29,842 1,474,624 1,504,466 78 32,195 Consumer loans: Residential mortgage 1,185 — 2,956 4,141 561,525 565,666 1 2,955 Home equity 1,042 1 207 1,250 292,073 293,323 1 610 Other consumer 353 24 26 403 14,464 14,867 — 76 Total consumer loans 2,580 25 3,189 5,794 868,062 873,856 2 3,641 Total originated loans and leases $ 17,406 $ 4,000 $ 21,370 $ 42,776 $ 5,123,948 $ 5,166,724 $ 82 $ 42,457 (Continued) At March 31, 2017 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Acquired: Commercial real estate loans: Commercial real estate $ 3,529 $ 126 $ 3,523 $ 7,178 $ 127,248 $ 134,426 $ 3,452 $ 145 Multi-family mortgage — — 3 3 28,114 28,117 3 — Construction — — — — 210 210 — — Total commercial real estate loans 3,529 126 3,526 7,181 155,572 162,753 3,455 145 Commercial loans and leases: Commercial 258 — 1,913 2,171 8,257 10,428 222 1,692 Equipment financing — — 17 17 5,478 5,495 17 — Total commercial loans and leases 258 — 1,930 2,188 13,735 15,923 239 1,692 Consumer loans: Residential mortgage 107 297 2,641 3,045 63,152 66,197 2,594 46 Home equity 381 97 188 666 49,397 50,063 142 723 Other consumer — 3 3 116 119 3 — Total consumer loans 488 394 2,832 3,714 112,665 116,379 2,739 769 Total acquired loans and leases $ 4,275 $ 520 $ 8,288 $ 13,083 $ 281,972 $ 295,055 $ 6,433 $ 2,606 Total loans and leases $ 21,681 $ 4,520 $ 29,658 $ 55,859 $ 5,405,920 $ 5,461,779 $ 6,515 $ 45,063 At December 31, 2016 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Originated: Commercial real estate loans: Commercial real estate $ 1,525 $ 2,075 $ 429 $ 4,029 $ 1,903,225 $ 1,907,254 $ 2 $ 5,035 Multi-family mortgage 2,296 — 291 2,587 698,863 701,450 — 1,404 Construction 547 — — 547 136,238 136,785 — — Total commercial real estate loans 4,368 2,075 720 7,163 2,738,326 2,745,489 2 6,439 Commercial loans and leases: Commercial 5,396 815 10,014 16,225 605,060 621,285 — 20,587 Equipment financing 2,983 1,444 5,341 9,768 783,934 793,702 — 6,758 Condominium association 266 — — 266 59,856 60,122 — — Total commercial loans and leases 8,645 2,259 15,355 26,259 1,448,850 1,475,109 — 27,345 Consumer loans: Residential mortgage 3,745 2,294 163 6,202 549,228 555,430 — 2,455 Home equity 25 219 5 249 289,112 289,361 3 128 Other consumer 549 87 16 652 17,519 18,171 — 149 Total consumer loans 4,319 2,600 184 7,103 855,859 862,962 3 2,732 Total originated loans and leases $ 17,332 $ 6,934 $ 16,259 $ 40,525 $ 5,043,035 $ 5,083,560 $ 5 $ 36,516 (Continued) At December 31, 2016 Past Due Loans and Leases Past Due Greater Than 90 Days and Accruing 31-60 Days 61-90 Days Greater Than 90 Days Total Current Total Loans and Leases Nonaccrual Loans and Leases (In Thousands) Acquired: Commercial real estate loans: Commercial real estate $ 925 $ — $ 4,011 $ 4,936 $ 138,192 $ 143,128 $ 3,786 $ 305 Multi-family mortgage — — — — 29,736 29,736 — — Construction — — — — 214 214 — — Total commercial real estate loans 925 — 4,011 4,936 168,142 173,078 3,786 305 Commercial loans and leases: Commercial 306 — 2,651 2,957 11,184 14,141 264 2,387 Equipment financing — — — — 6,158 6,158 — — Total commercial loans and leases 306 — 2,651 2,957 17,342 20,299 264 2,387 Consumer loans: Residential mortgage — 318 2,865 3,183 65,736 68,919 2,820 46 Home equity 288 97 339 724 52,156 52,880 202 823 Other consumer — 1 — 1 127 128 — — Total consumer loans 288 416 3,204 3,908 118,019 121,927 3,022 869 Total acquired loans and leases $ 1,519 $ 416 $ 9,866 $ 11,801 $ 303,503 $ 315,304 $ 7,072 $ 3,561 Total loans and leases $ 18,851 $ 7,350 $ 26,125 $ 52,326 $ 5,346,538 $ 5,398,864 $ 7,077 $ 40,077 Commercial Real Estate Loans —As of March 31, 2017 , loans outstanding in the three classes within this segment expressed as a percentage of total loans and leases outstanding were as follows: commercial real estate loans -- 37.8% ; multi-family mortgage loans -- 13.4% ; and construction loans -- 2.8% . Loans in this portfolio that are on nonaccrual status and/or risk-rated "substandard" or worse are evaluated on an individual loan basis for impairment. For non-impaired commercial real estate loans, loss factors are applied to outstanding loans by risk rating for each of the three classes in the portfolio. The factors applied are based primarily on historic loan loss experience and an assessment of internal and external factors and other relevant information. Commercial Loans and Leases —As of March 31, 2017 , loans and leases outstanding in the three classes within this segment expressed as a percent of total loans and leases outstanding were as follows: commercial loans and leases -- 11.8% ; equipment financing loans -- 14.9% ; and loans to condominium associations -- 1.1% . Loans and leases in this portfolio that are on nonaccrual status and/or risk-rated "substandard" or worse are evaluated on an individual basis for impairment. For non-impaired commercial loans and leases, loss factors are applied to outstanding loans by risk rating for each of the three classes in the portfolio. Consumer Loans —As of March 31, 2017 , loans outstanding within the three classes within this segment expressed as a percent of total loans and leases outstanding were as follows: residential mortgage loans -- 11.6% , home equity loans -- 6.3% , and other consumer loans -- 0.3% . Significant risk characteristics related to the residential mortgage and home equity loan portfolios are the geographic concentration of the properties financed within selected communities in the greater Boston and Providence metropolitan areas. The payment status and loan-to-value ratio are the primary credit quality indicator used for residential mortgage loans and home equity loans. Generally, loans are not made when the loan-to-value ratio exceeds 80% unless private mortgage insurance is obtained and/or there is a financially strong guarantor. Consumer loans that become 90 days or more past due, or are placed on nonaccrual regardless of past due status, are reviewed on an individual basis for impairment by assessing the net realizable value of underlying collateral and the economic condition of the borrower. Impaired Loans and Leases A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. The Company has defined the population of impaired loans to include nonaccrual loans and troubled debt restructured loans. When the ultimate collectability of the total principal of an impaired loan or lease is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan or lease is not in doubt and the loan or lease is on nonaccrual status, contractual interest is credited to interest income when received, under the cash basis method. The following tables include the recorded investment and unpaid principal balances of impaired loans and leases with the related allowance amount, if applicable, for the originated and acquired loan and lease portfolios at the dates indicated. Also presented are the average recorded investments in the impaired loans and leases and the related amount of interest recognized during the period that the impaired loans were impaired. At March 31, 2017 At December 31, 2016 Recorded (1) Unpaid Related Recorded Investment (2) Unpaid Related (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 9,271 $ 9,263 $ — $ 9,113 $ 9,104 $ — Commercial 19,779 19,811 — 39,269 39,210 — Consumer 5,296 5,287 — 4,823 4,815 — Total originated with no related allowance recorded 34,346 34,361 — 53,205 53,129 — With an allowance recorded: Commercial real estate 4,007 4,007 54 3,984 3,984 28 Commercial 22,232 22,189 10,007 605 605 97 Total originated with an allowance recorded 26,239 26,196 10,061 4,589 4,589 125 Total originated impaired loans and leases 60,585 60,557 10,061 57,794 57,718 125 Acquired: With no related allowance recorded: Commercial real estate 8,938 8,938 — 10,400 10,400 — Commercial 2,925 2,925 — 3,948 3,948 — Consumer 6,059 6,074 — 6,384 6,399 — Total acquired with no related allowance recorded 17,922 17,937 — 20,732 20,747 — With an allowance recorded: Consumer 168 168 20 253 253 27 Total acquired with an allowance recorded 168 168 20 253 253 27 Total acquired impaired loans and leases 18,090 18,105 20 20,985 21,000 27 Total impaired loans and leases $ 78,675 $ 78,662 $ 10,081 $ 78,779 $ 78,718 $ 152 ___________________________________________________________________________ (1) Includes originated and acquired nonaccrual loans of $41.1 million and $2.7 million , respectively as of March 31, 2017 . (2) Includes originated and acquired nonaccrual loans of $34.1 million and $3.6 million , respectively as of December 31, 2016 . Three Months Ended March 31, 2017 March 31, 2016 Average Interest Average Interest (In Thousands) Originated: With no related allowance recorded: Commercial real estate $ 9,363 $ 32 $ 3,124 $ 21 Commercial 21,058 164 13,775 150 Consumer 5,306 16 4,488 20 Total originated with no related allowance recorded 35,727 212 21,387 191 With an allowance recorded: Commercial real estate 4,000 48 6,122 49 Commercial 22,322 1 11,283 1 Total originated with an allowance recorded 26,322 49 17,405 50 Total originated impaired loans and leases 62,049 261 38,792 241 Acquired: With no related allowance recorded: Commercial real estate 9,419 19 6,036 10 Commercial 2,934 10 4,276 18 Consumer 6,133 16 7,167 17 Total acquired with no related allowance recorded 18,486 45 17,479 45 With an allowance recorded: Commercial real estate — — 2,606 — Commercial — — 486 — Consumer 168 1 525 2 Total acquired with an allowance recorded 168 1 3,617 2 Total acquired impaired loans and leases 18,654 46 21,096 47 Total impaired loans and leases $ 80,703 $ 307 $ 59,888 $ 288 The following tables present information regarding impaired and non-impaired loans and leases at the dates indicated: At March 31, 2017 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ 54 $ 10,007 $ — $ 10,061 Collectively evaluated for impairment 27,069 23,157 4,542 54,768 Total originated loans and leases 27,123 33,164 4,542 64,829 Acquired: Individually evaluated for impairment — — 20 20 Collectively evaluated for impairment 177 14 27 218 Acquired with deteriorated credit quality 688 105 273 1,066 Total acquired loans and leases 865 119 320 1,304 Total allowance for loan and lease losses $ 27,988 $ 33,283 $ 4,862 $ 66,133 Loans and Leases: Originated: Individually evaluated for impairment $ 13,276 $ 38,139 $ 5,182 $ 56,597 Collectively evaluated for impairment 2,775,126 1,466,327 868,674 5,110,127 Total originated loans and leases 2,788,402 1,504,466 873,856 5,166,724 Acquired: Individually evaluated for impairment — 2,344 1,755 4,099 Collectively evaluated for impairment 42,272 7,555 67,307 117,134 Acquired with deteriorated credit quality 120,481 6,024 47,317 173,822 Total acquired loans and leases 162,753 15,923 116,379 295,055 Total loans and leases $ 2,951,155 $ 1,520,389 $ 990,235 $ 5,461,779 At December 31, 2016 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Originated: Individually evaluated for impairment $ 28 $ 97 $ — $ 125 Collectively evaluated for impairment 26,830 20,682 4,776 52,288 Total originated loans and leases 26,858 20,779 4,776 52,413 Acquired: Individually evaluated for impairment — — 27 27 Collectively evaluated for impairment 221 13 34 268 Acquired with deteriorated credit quality 566 114 278 958 Total acquired loans and leases 787 127 339 1,253 Total allowance for loan and lease losses $ 27,645 $ 20,906 $ 5,115 $ 53,666 Loans and Leases: Originated: Individually evaluated for impairment $ 13,097 $ 37,637 $ 4,711 $ 55,445 Collectively evaluated for impairment 2,732,392 1,437,472 858,251 5,028,115 Total originated loans and leases 2,745,489 1,475,109 862,962 5,083,560 Acquired: Individually evaluated for impairment 690 3,047 2,028 5,765 Collectively evaluated for impairment 47,599 10,863 70,115 128,577 Acquired with deteriorated credit quality 124,789 6,389 49,784 180,962 Total acquired loans and leases 173,078 20,299 121,927 315,304 Total loans and leases $ 2,918,567 $ 1,495,408 $ 984,889 $ 5,398,864 Troubled Debt Restructured Loans and Leases A specific valuation allowance for losses on troubled debt restructured loans is determined by comparing the net carrying amount of the troubled debt restructured loan with the restructured loan's cash flows discounted at the original effective rate. The following table sets forth information regarding troubled debt restructured loans and leases at the dates indicated: At March 31, 2017 At December 31, 2016 (In Thousands) Troubled debt restructurings: On accrual $ 13,662 $ 13,883 On nonaccrual 11,756 11,919 Total troubled debt restructurings $ 25,418 $ 25,802 Total troubled debt restructuring loans and leases decreased by $0.4 million to $25.4 million at March 31, 2017 from $25.8 mill |