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Loans (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Summary of Loans by Loan Portfolio Segment and Class
The following table summarizes People’s United’s loans by loan portfolio segment and class:
20192018
As of December 31 (in millions)OriginatedAcquiredTotalOriginatedAcquiredTotal
Commercial:
Commercial real estate$10,012.5  $4,749.8  $14,762.3  $9,798.5  $1,851.1  $11,649.6  
Commercial and industrial9,763.1  1,278.5  11,041.6  8,292.3  796.6  9,088.9  
Equipment financing4,706.1  204.3  4,910.4  3,937.7  401.5  4,339.2  
Total Commercial Portfolio24,481.7  6,232.6  30,714.3  22,028.5  3,049.2  25,077.7  
Retail:
Residential mortgage:
Adjustable-rate5,366.0  1,698.8  7,064.8  5,854.1  807.9  6,662.0  
Fixed-rate1,222.9  2,030.4  3,253.3  935.1  557.1  1,492.2  
Total residential mortgage6,588.9  3,729.2  10,318.1  6,789.2  1,365.0  8,154.2  
Home equity and other consumer:
Home equity1,625.1  781.4  2,406.5  1,789.5  173.0  1,962.5  
Other consumer39.7  117.5  157.2  42.8  4.2  47.0  
Total home equity and
other consumer		1,664.8  898.9  2,563.7  1,832.3  177.2  2,009.5  
Total Retail Portfolio8,253.7  4,628.1  12,881.8  8,621.5  1,542.2  10,163.7  
Total loans$32,735.4  $10,860.7  $43,596.1  $30,650.0  $4,591.4  $35,241.4  
Summary, by Loan Portfolio Segment, of Activity in Allowance for Loan Losses
The following table presents a summary, by loan portfolio segment, of activity in the allowance for loan losses for the years ended December 31, 2019, 2018 and 2017. With respect to the originated portfolio, an allocation of a portion of the allowance to one segment does not preclude its availability to absorb losses in another segment.
CommercialRetail
(in millions)OriginatedAcquiredTotalOriginatedAcquiredTotalTotal
Balance at December 31, 2016$198.8  $6.1  $204.9  $24.2  $0.2  $24.4  $229.3  
Charge-offs(17.1) (4.4) (21.5) (6.4) —  (6.4) (27.9) 
Recoveries4.6  0.3  4.9  2.1  —  2.1  7.0  
Net loan charge-offs(12.5) (4.1) (16.6) (4.3) —  (4.3) (20.9) 
Provision for loan losses14.8  1.4  16.2  9.8  —  9.8  26.0  
Balance at December 31, 2017201.1  3.4  204.5  29.7  0.2  29.9  234.4  
Charge-offs(19.5) (8.1) (27.6) (3.3) —  (3.3) (30.9) 
Recoveries3.5  1.3  4.8  2.1  —  2.1  6.9  
Net loan charge-offs(16.0) (6.8) (22.8) (1.2) —  (1.2) (24.0) 
Provision for loan losses20.5  7.3  27.8  2.2  —  2.2  30.0  
Balance at December 31, 2018205.6  3.9  209.5  30.7  0.2  30.9  240.4  
Charge-offs(20.0) (7.5) (27.5) (4.0) —  (4.0) (31.5) 
Recoveries5.0  1.3  6.3  3.1  —  3.1  9.4  
Net loan charge-offs(15.0) (6.2) (21.2) (0.9) —  (0.9) (22.1) 
Provision for loan losses26.2  3.4  29.6  (1.1) (0.2) (1.3) 28.3  
Balance at December 31, 2019$216.8  $1.1  $217.9  $28.7  $—  $28.7  $246.6  
Summary of Allowance for Loan Losses by Loan Portfolio Segment and Impairment Methodology
The following tables summarize, by loan portfolio segment and impairment methodology, the allowance for loan losses and related portfolio balances:
As of December 31, 2019 (in millions)CommercialRetailTotal
PortfolioAllowancePortfolioAllowancePortfolioAllowance
Originated loans:
Collectively evaluated for impairment$22,938.3  $207.8  $9,592.8  $26.5  $32,531.1  $234.3  
Individually evaluated for impairment115.0  9.0  89.2  2.2  204.2  11.2  
Acquired loans:
PCI (1)308.5  —  87.5  —  396.0  —  
Purchased performing:
Collectively evaluated for impairment7,344.9  1.1  3,104.8  —  10,449.7  1.1  
Individually evaluated for impairment7.6  —  7.5  —  15.1  —  
Total$30,714.3  $217.9  $12,881.8  $28.7  $43,596.1  $246.6  
As of December 31, 2018 (in millions)CommercialRetailTotal
PortfolioAllowancePortfolioAllowancePortfolioAllowance
Originated loans:
Collectively evaluated for impairment$21,900.1  $198.9  $8,535.0  $28.4  $30,435.1  $227.3  
Individually evaluated for impairment128.4  6.7  86.5  2.3  214.9  9.0  
Acquired loans:
PCI (1)300.3  2.2  99.6  0.1  399.9  2.3  
Purchased performing:
Collectively evaluated for impairment2,744.4  1.7  1,439.1  —  4,183.5  1.7  
Individually evaluated for impairment4.5  —  3.5  0.1  8.0  0.1  
Total$25,077.7  $209.5  $10,163.7  $30.9  $35,241.4  $240.4  
(1)PCI loans are evaluated for impairment on a pool basis.
Summarized Recorded Investments, by Class of Loan, in Originated Non-Performing Loans
The recorded investments, by class of loan, in originated non-performing loans are summarized as follows:
As of December 31 (in millions)201920182017
Commercial:
Commercial real estate$29.8  $33.5  $23.7  
Commercial and industrial32.1  38.0  32.6  
Equipment financing46.2  42.0  44.3  
Total (1)108.1  113.5  100.6  
Retail:
Residential mortgage36.3  38.9  32.7  
Home equity12.6  15.3  15.4  
Other consumer—  —  —  
Total (2)48.9  54.2  48.1  
Total$157.0  $167.7  $148.7  
(1)Reported net of government guarantees totaling $1.3 million, $1.9 million and $3.1 million at December 31, 2019, 2018 and 2017, respectively. These government guarantees relate, almost entirely, to guarantees provided by the Small Business Administration as well as selected other Federal agencies and represent the carrying value of the loans that are covered by such guarantees, the extent of which (i.e. full or partial) varies by loan. At December 31, 2019, the principal loan classes to which these government guarantees relate are commercial and industrial loans (95%) and commercial real estate loans (5%).
(2)Includes $17.0 million, $24.8 million and $15.2 million of loans in the process of foreclosure at December 31, 2019, 2018 and 2017, respectively.
Summary of Recorded Investments in TDRs by Class of Loan
The following tables summarize, by class of loan, the recorded investments in loans modified as TDRs during the years ended December 31, 2019 and 2018. For purposes of this disclosure, recorded investments represent amounts immediately prior to and subsequent to the restructuring.
Year ended December 31, 2019
(dollars in millions)Number of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment
Commercial:
Commercial real estate (1)12  $17.2  $17.2  
Commercial and industrial (2)33  31.9  31.9  
Equipment financing (3)37  24.9  24.9  
Total82  74.0  74.0  
Retail:
Residential mortgage (4)85  26.3  26.3  
Home equity (5)102  9.0  9.0  
Other consumer—  —  —  
Total187  35.3  35.3  
Total269  $109.3  $109.3  
(1)Represents the following concessions: extension of term (7 contracts; recorded investment of $2.1 million); reduced payment and/or payment deferral (1 contract; recorded investment of $0.6 million); or a combination of concessions 
(4 contracts; recorded investment of $14.5 million).
(2)Represents the following concessions: extension of term (26 contracts; recorded investment of $26.4 million); reduced payment and/or payment deferral (3 contracts; recorded investment of $0.8 million); or a combination of concessions (4 contracts; recorded investment of $4.7 million).
(3)Represents the following concessions: extension of term (5 contracts; recorded investment of $1.6 million); reduced payment and/or payment deferral (26 contracts; recorded investment of $18.9 million); or a combination of concessions (6 contracts; recorded investment of $4.4 million).
(4)Represents the following concessions: loans restructured through bankruptcy (45 contracts; recorded investment of $9.9 million); reduced payment and/or payment deferral (24 contracts; recorded investment of $10.1 million); or a combination of concessions (16 contracts; recorded investment of $6.3 million).
(5)Represents the following concessions: loans restructured through bankruptcy (54 contracts; recorded investment of $3.2 million); reduced payment and/or payment deferral (18 contracts; recorded investment of $2.9 million); or a combination of concessions (30 contracts; recorded investment of $2.9 million).
Year ended December 31, 2018
(dollars in millions)Number of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment
Commercial:
Commercial real estate (1)13  $27.6  $27.6  
Commercial and industrial (2)47  73.1  73.1  
Equipment financing (3)31  31.6  31.6  
Total91  132.3  132.3  
Retail:
Residential mortgage (4)38  9.5  9.5  
Home equity (5)79  7.3  7.3  
Other consumer—  —  —  
Total117  16.8  16.8  
Total208  $149.1  $149.1  
(1)Represents the following concessions: extension of term (9 contracts; recorded investment of $24.1 million); reduced payment and/or payment deferral (1 contract; recorded investment of $0.5 million); or a combination of concessions (3 contracts; recorded investment of $3.0 million).
(2)Represents the following concessions: extension of term (31 contracts; recorded investment of $48.4 million); reduced payment and/or payment deferral (11 contracts; recorded investment of $23.8 million); or a combination of concessions (5 contracts; recorded investment of $0.9 million).
(3)Represents the following concessions: extension of term (3 contracts; recorded investment of $4.2 million); reduced payment and/or payment deferral (16 contracts; recorded investment of $17.6 million); or a combination of concessions (12 contracts; recorded investment of $9.8 million).
(4)Represents the following concessions: loans restructured through bankruptcy (21 contracts; recorded investment of $3.7 million); reduced payment and/or payment deferral (10 contracts; recorded investment of $3.5 million); or a combination of concessions (7 contracts; recorded investment of $2.3 million).
(5)Represents the following concessions: loans restructured through bankruptcy (49 contracts; recorded investment of $3.6 million); reduced payment and/or payment deferral (10 contracts; recorded investment of $1.3 million); or a combination of concessions (20 contracts; recorded investment of $2.4 million).
Summary of Recorded Investments in TDRs by Class of Loan, Subsequently Defaulted
The following is a summary, by class of loan, of information related to TDRs completed within the previous 12 months that subsequently defaulted during the years ended December 31, 2019 and 2018. For purposes of this disclosure, the previous 12 months is measured from January 1 of the respective prior year and a default represents a previously-modified loan that became past due 30 days or more during 2019 or 2018.
20192018
Years ended December 31 (dollars in millions)Number of
Contracts		Recorded
Investment as of
Period End		Number of
Contracts		Recorded
Investment as of
Period End
Commercial:
Commercial real estate—  $—  —  $—  
Commercial and industrial2  2.4  12  6.7  
Equipment financing8  5.3  6  3.5  
Total10  7.7  18  10.2  
Retail:
Residential mortgage5  2.2  7  1.6  
Home equity12  1.0  13  0.7  
Other consumer—  —  —  —  
Total17  3.2  20  2.3  
Total27  $10.9  38  $12.5  
Summary of Individually-Evaluated Impaired Loans by Class of Loan
People’s United’s impaired loans consist of certain loans that have been placed on non-accrual status, including all TDRs. The following table summarizes, by class of loan, information related to individually-evaluated impaired loans.
20192018
As of December 31 (in millions)Unpaid
Principal
Balance		Recorded
Investment		Related
Allowance
for Loan
Losses		Unpaid
Principal
Balance		Recorded
Investment		Related
Allowance
for Loan
Losses
Without a related allowance for loan losses:
Commercial:
Commercial real estate$28.9  $25.9  $—  $31.0  $28.1  $—  
Commercial and industrial31.0  25.9  —  45.6  42.0  —  
Equipment financing24.1  21.8  —  20.2  18.0  —  
Retail:
Residential mortgage68.4  60.8  —  66.8  59.3  —  
Home equity26.0  23.0  —  23.8  20.3  —  
Other consumer—  —  —  —  —  —  
Total$178.4  $157.4  $—  $187.4  $167.7  $—  
With a related allowance for loan losses:
Commercial:
Commercial real estate$21.5  $21.0  $3.4  $23.8  $21.8  $1.6  
Commercial and industrial20.0  16.4  3.9  12.6  10.2  2.4  
Equipment financing12.4  11.6  1.7  16.2  12.8  2.7  
Retail:
Residential mortgage11.6  11.5  1.5  8.8  8.8  1.7  
Home equity1.4  1.4  0.7  1.7  1.6  0.7  
Other consumer—  —  —  —  —  —  
Total$66.9  $61.9  $11.2  $63.1  $55.2  $9.1  
Total impaired loans:
Commercial:
Commercial real estate$50.4  $46.9  $3.4  $54.8  $49.9  $1.6  
Commercial and industrial51.0  42.3  3.9  58.2  52.2  2.4  
Equipment financing36.5  33.4  1.7  36.4  30.8  2.7  
Total137.9  122.6  9.0  149.4  132.9  6.7  
Retail:
Residential mortgage$80.0  $72.3  $1.5  $75.6  $68.1  $1.7  
Home equity27.4  24.4  0.7  25.5  21.9  0.7  
Other consumer—  —  —  —  —  —  
Total107.4  96.7  2.2  101.1  90.0  2.4  
Total$245.3  $219.3  $11.2  $250.5  $222.9  $9.1  
Schedule of Impaired Financing Receivable
The following table summarizes, by class of loan, the average recorded investment and interest income recognized on impaired loans for the periods indicated. The average recorded investment amounts are based on month-end balances.
201920182017
Years ended December 31 (in millions)Average
Recorded
Investment		Interest
Income
Recognized		Average
Recorded
Investment		Interest
Income
Recognized		Average
Recorded
Investment		Interest
Income
Recognized
Commercial:
Commercial real estate$39.6  $1.1  $40.2  $1.1  $55.8  $1.2  
Commercial and industrial44.5  1.6  49.6  2.8  63.4  1.9  
Equipment financing27.0  0.3  38.4  0.1  44.4  0.4  
Total111.1  3.0  128.2  4.0  163.6  3.5  
Retail:
Residential mortgage68.3  2.1  68.7  1.9  71.8  1.7  
Home equity23.0  0.6  20.9  0.5  21.2  0.4  
Other consumer—  —  —  —  —  —  
Total91.3  2.7  89.6  2.4  93.0  2.1  
Total$202.4  $5.7  $217.8  $6.4  $256.6  $5.6  
Summary of Aging Information by Class of Loan
The following tables summarize, by class of loan, aging information for originated loans:
Past Due
As of December 31, 2019 (in millions)Current30-89
Days		90 Days
or More		TotalTotal
Originated
Commercial:
Commercial real estate$9,983.5  $7.8  $21.2  $29.0  $10,012.5  
Commercial and industrial9,738.0  10.5  14.6  25.1  9,763.1  
Equipment financing4,591.4  94.7  20.0  114.7  4,706.1  
Total24,312.9  113.0  55.8  168.8  24,481.7  
Retail:
Residential mortgage6,534.3  31.6  23.0  54.6  6,588.9  
Home equity1,615.0  5.0  5.1  10.1  1,625.1  
Other consumer39.5  0.2  —  0.2  39.7  
Total8,188.8  36.8  28.1  64.9  8,253.7  
Total originated loans$32,501.7  $149.8  $83.9  $233.7  $32,735.4  
Past Due
As of December 31, 2018 (in millions)Current30-89
Days		90 Days
or More		TotalTotal
Originated
Commercial:
Commercial real estate$9,762.1  $23.0  $13.4  $36.4  $9,798.5  
Commercial and industrial8,261.5  6.9  23.9  30.8  8,292.3  
Equipment financing3,855.3  68.8  13.6  82.4  3,937.7  
Total21,878.9  98.7  50.9  149.6  22,028.5  
Retail:
Residential mortgage6,723.2  38.6  27.4  66.0  6,789.2  
Home equity1,776.0  5.8  7.7  13.5  1,789.5  
Other consumer42.7  0.1  —  0.1  42.8  
Total8,541.9  44.5  35.1  79.6  8,621.5  
Total originated loans$30,420.8  $143.2  $86.0  $229.2  $30,650.0  
Summary of Credit Quality Indicators by Class of Loan
The following tables summarize, by class of loan, credit quality indicators:
As of December 31, 2019 (in millions)Commercial
Real Estate		Commercial
and
Industrial		Equipment
Financing		Total
Commercial:
Originated loans:
Pass$9,736.4  $9,223.5  $4,231.6  $23,191.5  
Special mention197.6  294.8  76.5  568.9  
Substandard75.4  242.7  398.0  716.1  
Doubtful3.1  2.1  —  5.2  
Total originated loans10,012.5  9,763.1  4,706.1  24,481.7  
Acquired loans:
Pass4,485.9  1,168.2  201.9  5,856.0  
Special mention136.7  35.6  —  172.3  
Substandard127.2  73.1  2.4  202.7  
Doubtful—  1.6  —  1.6  
Total acquired loans4,749.8  1,278.5  204.3  6,232.6  
Total$14,762.3  $11,041.6  $4,910.4  $30,714.3  
As of December 31, 2019 (in millions)Residential
Mortgage		Home
Equity		Other
Consumer		Total
Retail:
Originated loans:
Low risk$3,225.3  $747.3  $24.9  $3,997.5  
Moderate risk2,649.0  548.5  5.9  3,203.4  
High risk714.6  329.3  8.9  1,052.8  
Total originated loans6,588.9  1,625.1  39.7  8,253.7  
Acquired loans:
Low risk1,184.7  —  —  1,184.7  
Moderate risk2,309.3  —  —  2,309.3  
High risk235.2  781.4  117.5  1,134.1  
Total acquired loans3,729.2  781.4  117.5  4,628.1  
Total$10,318.1  $2,406.5  $157.2  $12,881.8  

As of December 31, 2018 (in millions)Commercial
Real Estate		Commercial
and
Industrial		Equipment
Financing		Total
Commercial:
Originated loans:
Pass$9,607.0  $7,855.7  $3,549.3  $21,012.0  
Special mention105.5  196.9  92.1  394.5  
Substandard85.2  239.3  296.3  620.8  
Doubtful0.8  0.4  —  1.2  
Total originated loans9,798.5  8,292.3  3,937.7  22,028.5  
Acquired loans:
Pass1,766.2  719.6  394.0  2,879.8  
Special mention27.3  14.6  4.7  46.6  
Substandard57.6  62.4  2.8  122.8  
Doubtful—  —  —  —  
Total acquired loans1,851.1  796.6  401.5  3,049.2  
Total$11,649.6  $9,088.9  $4,339.2  $25,077.7  

As of December 31, 2018 (in millions)Residential
Mortgage		Home
Equity		Other
Consumer		Total
Retail:
Originated loans:
Low risk$2,912.8  $834.5  $27.3  $3,774.6  
Moderate risk3,360.9  576.4  5.9  3,943.2  
High risk515.5  378.6  9.6  903.7  
Total originated loans6,789.2  1,789.5  42.8  8,621.5  
Acquired loans:
Low risk506.1  —  —  506.1  
Moderate risk639.6  —  —  639.6  
High risk219.3  173.0  4.2  396.5  
Total acquired loans1,365.0  173.0  4.2  1,542.2  
Total$8,154.2  $1,962.5  $47.0  $10,163.7  
Summarized Activity in Accretable Yield for PCI Loan Portfolio
The following table summarizes activity in the accretable yield for the PCI loan portfolio:
Years ended December 31 (in millions)201920182017
Balance at beginning of period$189.7  $219.7  $255.4  
Acquisitions25.5  27.1  13.1  
Accretion(21.0) (24.6) (29.1) 
Reclassification from nonaccretable difference for loans with improved cash flows (1)—  —  —  
Other changes in expected cash flows (2)(56.7) (32.5) (19.7) 
Balance at end of period$137.5  $189.7  $219.7  
(1)Results in increased interest accretion as a prospective yield adjustment over the remaining life of the corresponding pool of loans.
(2)Represents changes in cash flows expected to be collected due to factors other than credit (e.g. changes in prepayment assumptions and/or changes in interest rates on variable rate loans), as well as loan sales, modifications and payoffs.