ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

3 Months Ended

Mar. 31, 2020

Loans And Leases Receivable Disclosure [Abstract]

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

The following table presents the activity in the ACL on loans and finance leases by portfolio segment for the quarters ended March 31, 2020 and 2019:
Quarter ended March 31, 2020	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
(In thousands)
Allowance for credit losses:
Beginning balance, prior to adoption of ASC 326	$	44,806	$	2,370	$	39,194	$	15,198	$	53,571	$	155,139
Impact of adopting ASC 326		49,837		797		(19,306)		14,731		35,106		81,165
Provision for credit losses		16,218		2,062		14,167		8,391		33,207		74,045
Charge-offs		(4,435)		(3)		(128)		(125)		(15,504)		(20,195)
Recoveries		656		27		44		115		1,778		2,620
Ending balance	$	107,082	$	5,253	$	33,971	$	38,310	$	108,158	$	292,774

Quarter ended March 31, 2019	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
(In thousands)
Allowance for credit losses:
Beginning balance	$	50,794	$	3,592	$	55,581	$	32,546	$	53,849	$	196,362
Provision (release) for credit losses		6,639		(95)		121		(5,009)		10,164		11,820
Charge-offs		(6,173)		(207)		(2,400)		(6,311)		(13,269)		(28,360)
Recoveries		626		41		128		1,095		2,020		3,910
Ending balance	$	51,886	$	3,331	$	53,430	$	22,321	$	52,764	$	183,732

The tables below present the allowance for credit losses on loans and finance leases and the carrying value of loans by portfolio segment as of March 31, 2020 and December 31, 2019:
As of March 31, 2020	Residential Mortgage Loans						Commercial Mortgage Loans			Commercial and Industrial Loans			Consumer Loans
				Construction Loans
(Dollars in thousands)																Total
Total loans held for investment:
Amortized cost of loans	$	2,875,672		$	159,675		$	1,454,753		$	2,236,218		$	2,312,629		$	9,038,947
Allowance for credit losses		107,082			5,253			33,971			38,310			108,158			292,774
Allowance for credit losses to
amortized cost		3.72	%		3.29	%		2.34	%		1.71	%		4.68	%		3.24	%

As of December 31, 2019	Residential Mortgage Loans					Commercial Mortgage Loans			Commercial and Industrial Loans			Consumer Loans
				Construction Loans
(Dollars in thousands)															Total
Total loans held for investment:
Amortized cost of loans	$	2,933,773		$	111,317	$	1,444,586		$	2,230,876		$	2,281,653		$	9,002,205
Allowance for credit losses		44,806			2,370		39,194			15,198			53,571			155,139
Allowance for credit losses to
amortized cost		1.53	%		2.13		2.71	%		0.68	%		2.35	%		1.72	%

The following table presents the activity in the ACL for unfunded loan commitments and standby letters of credit for the quarters ended March 31, 2020 and 2019:

	Quarter ended
	March 31, 2020		March 31, 2019
(In thousands)
Beginning Balance	$	-	$	412
Impact of adopting ASC 326		3,922		-
Provision (release) for credit losses		1,819		(412)
Ending balance	$	5,741	$	-