ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Allowance for Credit Loss [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 and nine-month periods ended September 30, 2020 and September 30, 2019:
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Quarter Ended September 30, 2020
(In thousands)
Allowance for credit losses:
Beginning balance	$	111,450	$	7,800	$	49,435	$	38,310	$	112,302	$	319,297
Allowance established for acquired PCD loans		12,739		-		9,723		1,830		4,452		28,744
Provision for credit losses		9,875		2,405		19,672		2,839		13,287		48,078
Charge-offs		(2,611)		(1)		(3,157)		(150)		(8,436)		(14,355)
Recoveries		328		37		53		80		2,456		2,954
Ending balance	$	131,781	$	10,241	$	75,726	$	42,909	$	124,061	$	384,718
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Nine-Month Period Ended September 30, 2020
(In thousands)
Allowance for credit losses:
Beginning balance, prior to adoption 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
Allowance established for acquired PCD loans		12,739		-		9,723		1,830		4,452		28,744
Provision for credit losses		32,255		7,068		49,278		11,225		58,705		158,531
Charge-offs		(8,968)		(75)		(3,303)		(323)		(33,930)		(46,599)
Recoveries		1,112		81		140		248		6,157		7,738
Ending balance	$	131,781	$	10,241	$	75,726	$	42,909	$	124,061	$	384,718

	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
Quarter Ended September 30, 2019
(In thousands)
Allowance for credit losses:
Beginning balance	$	48,284	$	3,026	$	46,373	$	21,644	$	52,684	$	172,011
Provision (release) for credit losses		2,162		(178)		(808)		(5,465)		11,687		7,398
Charge-offs		(5,288)		(68)		(813)		(387)		(12,708)		(19,264)
Recoveries		874		279		96		1,826		2,355		5,430
Ending balance	$	46,032	$	3,059	$	44,848	$	17,618	$	54,018	$	165,575
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
Nine-Month Period Ended September 30, 2019
(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		9,387		(815)		3,854		(11,068)		30,394		31,752
Charge-offs		(16,229)		(347)		(14,901)		(7,056)		(37,004)		(75,537)
Recoveries		2,080		629		314		3,196		6,779		12,998
Ending balance	$	46,032	$	3,059	$	44,848	$	17,618	$	54,018	$	165,575

The tables below present the ACL related to loans and finance leases and the carrying value of loans by portfolio segment as of September 30, 2020 and December 31, 2019:
As of September 30, 2020	Residential Mortgage Loans			Construction Loans			Commercial Mortgage						Consumer Loans
										Commercial and Industrial Loans (1)
(Dollars in thousands)																Total
Total loans held for investment:
Amortized cost of loans	$	3,636,713		$	191,356		$	2,220,277		$	3,226,843		$	2,572,086		$	11,847,275
Allowance for credit losses		131,781			10,241			75,726			42,909			124,061			384,718
Allowance for credit losses to
amortized cost		3.62	%		5.35	%		3.41	%		1.33	%		4.82	%		3.25	%

As of December 31, 2019	Residential Mortgage Loans			Construction Loans			Commercial Mortgage Loans						Consumer Loans
										Commercial and Industrial 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	%
____________

	Quarter Ended				Nine-Month Period Ended
	September 30,				September 30,
	2020		2019		2020		2019
(In thousands)
Beginning Balance	$	7,084	$	-	$	-	$	412
Impact of adopting ASC 326		-		-		3,922		-
(Release) provision for credit losses		(803)		-		2,359		(412)
Ending balance	$	6,281	$	-	$	6,281	$	-