ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

3 Months Ended

Mar. 31, 2019

Loans And Leases Receivable Disclosure [Abstract]

Allowance For Credit Losses On Financing Receivables Table [Text Block]

	The changes in the allowance for loan and lease losses were as follows:

Quarter ended March 31, 2019		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
Allowance for loan and lease losses:
Beginning balance		$	50,794	$	55,581	$	32,546	$	3,592	$	53,849	$	196,362
Charge-offs			(6,173)		(2,400)		(6,311)		(207)		(13,269)		(28,360)
Recoveries			626		128		1,095		41		2,020		3,910
Provision (release)			6,639		121		(5,009)		(95)		10,164		11,820
Ending balance		$	51,886	$	53,430	$	22,321	$	3,331	$	52,764	$	183,732
Ending balance: specific reserve for
impaired loans		$	20,753	$	20,314	$	4,112	$	596	$	4,779	$	50,554
Ending balance: purchased credit-impaired loans (1)		$	10,954	$	400	$	-	$	-	$	-	$	11,354
Ending balance: general allowance		$	20,179	$	32,716	$	18,209	$	2,735	$	47,985	$	121,824
Loans held for investment:
Ending balance		$	3,126,562	$	1,558,724	$	2,211,731	$	84,507	$	2,015,292	$	8,996,816
Ending balance: impaired loans		$	393,735	$	222,181	$	82,347	$	6,180	$	28,428	$	732,871
Ending balance: purchased credit-
impaired loans		$	140,979	$	3,464	$	-	$	-	$	-	$	144,443
Ending balance: loans with general allowance		$	2,591,848	$	1,333,079	$	2,129,384	$	78,327	$	1,986,864	$	8,119,502

(1)	Refer to Note 7 - Loans Held for Investment - PCI Loans for a detail of changes in the allowance for loan losses related to PCI loans.

Quarter ended March 31, 2018		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
(In thousands)		Residential Mortgage Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Construction Loans		Consumer Loans		Total
Allowance for loan and lease losses:
Beginning balance		$	58,975	$	48,493	$	48,871	$	4,522	$	70,982	$	231,843
Charge-offs (1)			(3,371)		(6,810)		(1,930)		(5,177)		(12,072)		(29,360)
Recoveries			335		49		62		13		2,370		2,829
Provision (1)			447		8,661		656		4,764		6,016		20,544
Ending balance		$	56,386	$	50,393	$	47,659	$	4,122	$	67,296	$	225,856
Ending balance: specific reserve for
impaired loans		$	22,546	$	13,451	$	14,375	$	1,484	$	5,074	$	56,930
Ending balance: purchased credit-impaired loans (2)		$	10,873	$	378	$	-	$	-	$	-	$	11,251
Ending balance: general allowance		$	22,967	$	36,564	$	33,284	$	2,638	$	62,222	$	157,675
Loans held for investment:
Ending balance		$	3,267,868	$	1,552,503	$	2,061,773	$	79,150	$	1,734,596	$	8,695,890
Ending balance: impaired loans		$	417,610	$	162,126	$	119,778	$	12,067	$	34,699	$	746,280
Ending balance: purchased credit-
impaired loans		$	151,067	$	4,214	$	-	$	-	$	-	$	155,281
Ending balance: loans with general allowance		$	2,699,191	$	1,386,163	$	1,941,995	$	67,083	$	1,699,897	$	7,794,329

(1)	During the first quarter of 2018, the Corporation transferred to held for sale $57.2 million (net of fair value write-downs of $9.7 million) in nonaccrual loans to held for sale. Approximately $4.1 million of the $9.7 million in charge-offs recorded on the transfer was taken against previously-established reserve for loan losses, resulting in a charge to the provision of $5.6 million for the first quarter of 2018. Loans transferred to held for sale consisted of a $30.0 million nonaccrual construction loan (net of a $5.1 million fair value write-down) and two nonaccrual commercial mortgage loans totaling $27.2 million (net of fair value write-downs of $4.6 million).
(2)	Refer to Note 7 - Loans Held for Investment - PCI Loans for a detail of changes in the allowance for loan losses related to PCI loans.

The tables below present the allowance for loan and lease losses and the carrying value of loans by portfolio segment as of March 31, 2019 and December 31, 2018:

As of March 31, 2019	Residential Mortgage Loans			Commercial Mortgage Loans			Commercial and Industrial Loans						Consumer Loans
										Construction Loans
(Dollars in thousands)										Construction Loans						Total
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs	$	94,516		$	49,549		$	30,264		$	3,315		$	2,280		$	179,924
Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs		299,219			172,632			52,083			2,865			26,148			552,947
Allowance for loan and lease losses		20,753			20,314			4,112			596			4,779			50,554
Allowance for loan and lease losses to
principal balance		6.94	%		11.77	%		7.90	%		20.80	%		18.28	%		9.14	%
PCI loans:
Carrying value of PCI loans		140,979			3,464			-			-			-			144,443
Allowance for PCI loans		10,954			400			-			-			-			11,354
Allowance for PCI loans to carrying value		7.77	%		11.55	%											7.86	%

Loans with general allowance:
Principal balance of loans		2,591,848			1,333,079			2,129,384			78,327			1,986,864			8,119,502
Allowance for loan and lease losses		20,179			32,716			18,209			2,735			47,985			121,824
Allowance for loan and lease losses to
principal balance		0.78	%		2.45	%		0.86	%		3.49	%		2.42	%		1.50	%

Total loans held for investment:
Principal balance of loans	$	3,126,562		$	1,558,724		$	2,211,731		$	84,507		$	2,015,292		$	8,996,816
Allowance for loan and lease losses		51,886			53,430			22,321			3,331			52,764			183,732
Allowance for loan and lease losses to
principal balance (1)		1.66	%		3.43	%		1.01	%		3.94	%		2.62	%		2.04	%


	Residential Mortgage Loans			Commercial Mortgage Loans			Commercial and Industrial Loans						Consumer Loans
										Construction Loans
As of December 31, 2018										Construction Loans						Total

(Dollars in thousands)
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs	$	110,238		$	43,358		$	30,030		$	2,431		$	2,340		$	188,397

Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs		293,494			184,068			61,162			4,162			28,986			571,872
Allowance for loan and lease losses		19,965			17,684			9,693			760			5,874			53,976
Allowance for loan and lease losses to
principal balance		6.80	%		9.61	%		15.85	%		18.26	%		20.26	%		9.44	%

PCI loans:
Carrying value of PCI loans		143,176			3,464			-			-			-			146,640
Allowance for PCI loans		10,954			400			-			-			-			11,354
Allowance for PCI loans to carrying value		7.65	%		11.55	%											7.74	%

Loans with general allowance:
Principal balance of loans		2,616,300			1,291,772			2,056,919			72,836			1,913,387			7,951,214
Allowance for loan and lease losses		19,875			37,497			22,853			2,832			47,975			131,032
Allowance for loan and lease losses to
principal balance		0.76	%		2.90	%		1.11	%		3.89	%		2.51	%		1.65	%

Total loans held for investment:
Principal balance of loans	$	3,163,208		$	1,522,662		$	2,148,111		$	79,429		$	1,944,713		$	8,858,123
Allowance for loan and lease losses		50,794			55,581			32,546			3,592			53,849			196,362
Allowance for loan and lease losses to
principal balance (1)		1.61	%		3.65	%		1.52	%		4.52	%		2.77	%		2.22	%

(1) Loans used in the denominator include PCI loans of $144.4 million and $146.6 million as of March 31, 2019 and December 31, 2018, respectively. However, the Corporation separately tracks and reports PCI loans and excludes these loans from the amounts of nonaccrual loans, impaired loans, TDRs and non-performing assets.