ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

12 Months Ended

Dec. 31, 2014

Changes in Allowance for Loan and Lease Losses [Table Text Block]

The changes in the allowance for loan and lease losses were as follows:
	Residential		Commercial		Commercial and		Construction		Consumer
Year Ended December 31, 2014	Mortgage Loans		Mortgage Loans		Industrial Loans		Loans		Loans		Total
	(In thousands)
Allowance for loan and lease losses:
Beginning balance	$	33,110	$	73,138	$	85,295	$	35,814	$	58,501	$	285,858
Charge-offs		(24,345)		(25,807)		(61,935)		(11,533)		(76,696)		(200,316)
Recoveries		1,049		10,639		3,680		6,049		5,906		27,323
Provision (release)		17,487		(7,076)		36,681		(17,508)		79,946		109,530
Ending balance	$	27,301	$	50,894	$	63,721	$	12,822	$	67,657	$	222,395
Ending balance: specific reserve for impaired loans	$	10,854	$	14,289	$	21,314	$	2,577	$	6,171	$	55,205
Ending balance: purchased credit-impaired loans	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance: general allowance	$	16,447	$	36,605	$	42,407	$	10,245	$	61,486	$	167,190
Loans held for investment:
Ending balance	$	3,011,187	$	1,665,787	$	2,479,437	$	123,480	$	1,982,545	$	9,262,436
Ending balance: impaired loans	$	424,244	$	210,738	$	236,371	$	39,467	$	34,587	$	945,407
Ending balance: purchased credit-impaired
loans	$	98,494	$	3,393	$	-	$	-	$	717	$	102,604
Ending balance: loans with general
allowance	$	2,488,449	$	1,451,656	$	2,243,066	$	84,013	$	1,947,241	$	8,214,425

		Residential		Commercial		Commercial and		Construction		Consumer
Year Ended December 31, 2013		Mortgage Loans		Mortgage Loans		Industrial Loans		Loans		Loans		Total
		(In thousands)
Allowance for loan and lease losses:
Beginning balance		$	68,354	$	97,692	$	146,900	$	61,600	$	60,868	$	435,414
Charge-offs			(30,192)		(27,400)		(65,171)		(30,539)		(63,108)		(216,410)
Charge-offs related to bulk sales			(98,972)		(40,057)		(44,678)		(12,784)		-		(196,491)
Recoveries			1,165		4,855		4,636		2,076		6,862		19,594
Provision			92,755		27,357		53,048		16,712		53,879		243,751
Reclassification (1)			-		10,691		(9,440)		(1,251)		-		-
Ending balance		$	33,110	$	73,138	$	85,295	$	35,814	$	58,501	$	285,858
Ending balance: specific reserve for impaired loans		$	18,125	$	32,189	$	26,686	$	22,144	$	3,457	$	102,601
Ending balance: purchased credit-impaired loans		$	-	$	-	$	-	$	-	$	-	$	-
Ending balance: general allowance		$	14,985	$	40,949	$	58,609	$	13,670	$	55,044	$	183,257
Loans held for investment:
Ending balance		$	2,549,008	$	1,823,608	$	3,028,322	$	168,713	$	2,066,519	$	9,636,170
Ending balance: impaired loans		$	410,994	$	219,372	$	187,104	$	72,717	$	28,925	$	919,112
Ending balance: purchased credit-impaired
loans		$	-	$	-	$	-	$	-	$	4,791	$	4,791
Ending balance: loans with general allowance		$	2,138,014	$	1,604,236	$	2,841,218	$	95,996	$	2,032,803	$	8,712,267
(1)	During the second quarter of 2013, after a comprehensive review of substantially all of the loans in our commercial portfolios, the classification of certain loans was revised to more accurately depict the nature of the underlying loans. This reclassification resulted in a net increase of $269.0 million in commercial mortgage loans, since the principal source of repayment for such loans is derived primarily from the operation of the underlying real estate, with a corresponding decrease of $246.8 million in commercial and industrial loans and a $22.2 million decrease in construction loans. The Corporation evaluated the impact of this reclassification on the provision for loan losses and determined that the effect of this adjustment was not material to any previously reported results.