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Allowance for Credit Losses and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Rollforwards of the allowance for loan and lease losses The rollforwards of the allowance for credit losses ("ACL") were as follows:
(In thousands)Consumer Loan PortfolioCommercial Loan and Lease PortfolioTotal Allowance for Loan and Lease Losses
Reserve for Unfunded Lending Commitments(1)
Total Allowance for Credit Losses
Three months ended March 31, 2021
Balance, beginning of period$136,894 $388,974 $525,868 $23,313 $549,181 
Charge-offs(8,340)(47,278)(55,618)— (55,618)
Recoveries7,879 4,477 12,356 — 12,356 
Net (charge-offs) recoveries(461)(42,801)(43,262)— (43,262)
Provision for credit losses9,276 12,684 21,960 (1,404)20,556 
Other(2)
(2,230)2,309 79 — 79 
Balance, end of period$143,479 $361,166 $504,645 $21,909 $526,554 
Three months ended March 31, 2020
Balance, beginning of period$28,572 $84,480 $113,052 $3,528 $116,580 
Impact of CECL adoption107,337 98,655 205,992 14,707 220,699 
Adjusted balance, beginning of period135,909 183,135 319,044 18,235 337,279 
Charge-offs(5,848)(8,881)(14,729)— (14,729)
Recoveries4,708 4,544 9,252 — 9,252 
Net (charge-offs) recoveries(1,140)(4,337)(5,477)— (5,477)
Provision for credit losses40,288 52,702 92,990 3,953 96,943 
Other(2)
— (174)(174)— (174)
Balance, end of period$175,057 $231,326 $406,383 $22,188 $428,571 
(1)Reserve for unfunded lending commitments ("RULC") is recognized within other liabilities.
(2)Primarily includes the allowance for purchased financial assets with credit deterioration ("PCD") and the transfer of the allowance to loans and leases held-for-sale.
Rollforwards of the allowance for loan and lease losses The rollforwards of the allowance for credit losses ("ACL") were as follows:
(In thousands)Consumer Loan PortfolioCommercial Loan and Lease PortfolioTotal Allowance for Loan and Lease Losses
Reserve for Unfunded Lending Commitments(1)
Total Allowance for Credit Losses
Three months ended March 31, 2021
Balance, beginning of period$136,894 $388,974 $525,868 $23,313 $549,181 
Charge-offs(8,340)(47,278)(55,618)— (55,618)
Recoveries7,879 4,477 12,356 — 12,356 
Net (charge-offs) recoveries(461)(42,801)(43,262)— (43,262)
Provision for credit losses9,276 12,684 21,960 (1,404)20,556 
Other(2)
(2,230)2,309 79 — 79 
Balance, end of period$143,479 $361,166 $504,645 $21,909 $526,554 
Three months ended March 31, 2020
Balance, beginning of period$28,572 $84,480 $113,052 $3,528 $116,580 
Impact of CECL adoption107,337 98,655 205,992 14,707 220,699 
Adjusted balance, beginning of period135,909 183,135 319,044 18,235 337,279 
Charge-offs(5,848)(8,881)(14,729)— (14,729)
Recoveries4,708 4,544 9,252 — 9,252 
Net (charge-offs) recoveries(1,140)(4,337)(5,477)— (5,477)
Provision for credit losses40,288 52,702 92,990 3,953 96,943 
Other(2)
— (174)(174)— (174)
Balance, end of period$175,057 $231,326 $406,383 $22,188 $428,571 
(1)Reserve for unfunded lending commitments ("RULC") is recognized within other liabilities.
(2)Primarily includes the allowance for purchased financial assets with credit deterioration ("PCD") and the transfer of the allowance to loans and leases held-for-sale.
Schedule of purchased with credit deterioration loan activity The following table provides a summary of loans and leases purchased as part of the CEC business combination with credit deterioration at acquisition:
(In thousands)
Three months ended March 31, 2021
Par value$70,263 
ALLL at acquisition(2,383)
Non-credit premium (discount)(1,020)
Purchase price$66,860 
Schedule of accruing and non-accruing loans and leases The Corporation's accruing and nonaccrual loans and leases were as follows:
(In thousands)Current30-89 Days Delinquent and Accruing90 Days or More Delinquent and AccruingTotal
 Accruing		NonaccrualTotal
At March 31, 2021
Commercial loan and lease portfolio:    
Commercial and industrial$12,588,529 $25,413 $2,772 $12,616,714 $239,987 $12,856,701 
Commercial real estate9,662,431 30,490 — 9,692,921 188,420 9,881,341 
Lease financing2,824,770 33,164 4,734 2,862,668 93,958 2,956,626 
Total commercial loan and lease portfolio25,075,730 89,067 7,506 25,172,303 522,365 25,694,668 
Consumer loan portfolio:      
Residential mortgage6,421,403 11,171 1,874 6,434,448 76,533 6,510,981 
Home equity2,781,347 9,798 56 2,791,201 72,941 2,864,142 
Consumer installment1,142,579 2,587 — 1,145,166 6,062 1,151,228 
Total consumer loan portfolio10,345,329 23,556 1,930 10,370,815 155,536 10,526,351 
Total$35,421,059 $112,623 $9,436 $35,543,118 $677,901 $36,221,019 
At December 31, 2020
Commercial loan and lease portfolio:    
Commercial and industrial$11,119,453 $42,033 $1,458 $11,162,944 $259,439 $11,422,383 
Commercial real estate9,453,743 94,383 22 9,548,148 154,439 9,702,587 
Lease financing2,695,356 27,118 3,935 2,726,409 90,822 2,817,231 
Total commercial loan and lease portfolio23,268,552 163,534 5,415 23,437,501 504,700 23,942,201 
Consumer loan portfolio:      
Residential mortgage6,065,379 17,048 1,965 6,084,392 97,653 6,182,045 
Home equity3,008,450 30,840 63 3,039,353 69,383 3,108,736 
Consumer installment1,224,059 3,801 — 1,227,860 5,566 1,233,426 
Total consumer loan portfolio10,297,888 51,689 2,028 10,351,605 172,602 10,524,207 
Total$33,566,440 $215,223 $7,443 $33,789,106 $677,302 $34,466,408 
Schedule of nonaccrual loans and leases
Further details of the Corporation's nonaccrual loans and leases were as follows:

At March 31, 2021At December 31, 2020
(In thousands)Total nonaccrualNonaccrual with no ACLTotal nonaccrual Nonaccrual with no ACL
Commercial loan and lease portfolio:
  
Commercial and industrial$239,987 $45,371 $259,439 $55,773 
Commercial real estate188,420 150,882 154,439 79,203 
Lease financing93,958 — 90,822 — 
Total commercial loan and lease portfolio
522,365 196,253 504,700 134,976 
Consumer loan portfolio:
Residential mortgage76,533 — 97,653 49 
Home equity72,941 358 69,383 23 
Consumer installment6,062 3,505 5,566 3,531 
Total consumer loan portfolio
155,536 3,863 172,602 3,603 
Total$677,901 $200,116 $677,302 $138,579 
Financing receivable credit quality indicators
Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesRevolving Loans and Leases Converted to Term Loans and Leases
At March 31, 2021202120202019201820172016 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial$— $420 $163 $— $4 $262 $1,923 $— $2,772 
Commercial real estate— — — — — — — — — 
Lease financing— 1,693 1,085 1,022 674 260 — — 4,734 
Total commercial loan and lease portfolio— 2,113 1,248 1,022 678 522 1,923 — 7,506 
Consumer loan portfolio:
Residential mortgage— 85 312 — 202 1,275 — — 1,874 
Home equity— — — — 56 — — — 56 
Consumer installment— — — — — — — — — 
Total consumer loan portfolio— 85 312 — 258 1,275 — — 1,930 
Total 90 days or more delinquent and accruing$— $2,198 $1,560 $1,022 $936 $1,797 $1,923 $— $9,436 
 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesRevolving Loans and Leases Converted to Term Loans and Leases
At December 31, 2020202020192018201720162015 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial$874 $50 $94 $13 $— $52 $375 $— $1,458 
Commercial real estate— — — — — 22 — — 22 
Lease financing1,286 975 680 463 392 139 — — 3,935 
Total commercial loan and lease portfolio2,160 1,025 774 476 392 213 375 — 5,415 
Consumer loan portfolio:
Residential mortgage85 134 — — — 1,746 — — 1,965 
Home equity— — — — — 27 36 — 63 
Consumer installment— — — — — — — — — 
Total consumer loan portfolio85 134 — — — 1,773 36 — 2,028 
Total 90 days or more delinquent and accruing$2,245 $1,159 $774 $476 $392 $1,986 $411 $— $7,443 
Nonaccrual loans and leases by year of origination were as follows:
 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesRevolving Loans and Leases Converted to Term Loans and Leases
At March 31, 2021202120202019201820172016 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial$121 $27,464 $58,160 $51,542 $25,885 $39,613 $37,191 $11 $239,987 
Commercial real estate— 4,309 25,233 13,738 57,547 87,593 — — 188,420 
Lease financing— 3,606 29,189 26,513 16,047 16,758 — 1,845 93,958 
Total commercial loan and lease portfolio121 35,379 112,582 91,793 99,479 143,964 37,191 1,856 522,365 
Consumer loan portfolio:
Residential mortgage— 3,253 7,744 11,920 2,996 50,620 — — 76,533 
Home equity22 847 934 445 432 5,594 63,920 747 72,941 
Consumer installment— 87 238 340 514 4,690 193 — 6,062 
Total consumer loan portfolio22 4,187 8,916 12,705 3,942 60,904 64,113 747 155,536 
Total nonaccrual loans and leases$143 $39,566 $121,498 $104,498 $103,421 $204,868 $101,304 $2,603 $677,901 

 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesRevolving Loans and Leases Converted to Term Loans and Leases
At December 31, 2020202020192018201720162015 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial$26,109 $61,595 $60,686 $29,360 $17,669 $23,644 $40,364 $12 $259,439 
Commercial real estate5,194 4,835 14,452 53,934 21,667 54,357 — — 154,439 
Lease financing3,190 27,412 26,348 15,184 8,601 8,145 — 1,942 90,822 
Total commercial loan and lease portfolio34,493 93,842 101,486 98,478 47,937 86,146 40,364 1,954 504,700 
Consumer loan portfolio:
Residential mortgage2,631 9,177 16,391 4,172 2,812 62,470 — — 97,653 
Home equity889 1,449 530 379 223 5,149 59,826 938 69,383 
Consumer installment33 267 181 281 575 4,060 169 — 5,566 
Total consumer loan portfolio3,553 10,893 17,102 4,832 3,610 71,679 59,995 938 172,602 
Total nonaccrual loans and leases$38,046 $104,735 $118,588 $103,310 $51,547 $157,825 $100,359 $2,892 $677,302 
The amortized cost basis of loans and leases by credit risk classifications and year of origination was as follows:
 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination Year
Revolving Loans and Leases(1)
Revolving Loans and Leases Converted to Term Loans and Leases(2)
At March 31, 2021202120202019201820172016 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial
Pass$1,289,456 $3,069,589 $1,924,724 $1,033,717 $527,205 $618,661 $3,541,892 $51,531 $12,056,775 
Special mention6,898 16,592 87,857 75,921 42,692 10,888 147,237 754 388,839 
Substandard 2,501 36,312 98,860 61,460 33,431 76,814 101,429 280 411,087 
Total commercial and industrial1,298,855 3,122,493 2,111,441 1,171,098 603,328 706,363 3,790,558 52,565 12,856,701 
Commercial real estate
Pass304,562 1,373,808 2,274,851 1,767,581 1,169,172 2,021,114 — — 8,911,088 
Special mention81 17,878 88,125 83,486 214,000 175,698 — — 579,268 
Substandard 1,739 60,777 43,251 86,540 82,812 115,866 — — 390,985 
Total commercial real estate306,382 1,452,463 2,406,227 1,937,607 1,465,984 2,312,678 — — 9,881,341 
Lease financing
Pass247,246 970,143 686,909 389,597 205,845 115,862 32,369 148,755 2,796,726 
Special mention848 14,307 8,802 5,459 4,670 2,461 — 4,586 41,133 
Substandard 1,023 10,122 35,382 30,848 18,302 18,751 — 4,339 118,767 
Total lease financing249,117 994,572 731,093 425,904 228,817 137,074 32,369 157,680 2,956,626 
Total commercial1,854,354 5,569,528 5,248,761 3,534,609 2,298,129 3,156,115 3,822,927 210,245 25,694,668 
Consumer loan portfolio:
Residential mortgage
Pass710,828 2,207,173 860,827 510,015 361,669 1,780,396 — — 6,430,908 
Substandard — 3,338 8,056 11,920 3,198 53,561 — — 80,073 
Total residential mortgage710,828 2,210,511 868,883 521,935 364,867 1,833,957 — — 6,510,981 
Home equity
Pass1,362 20,638 44,156 42,176 34,373 135,924 2,503,856 7,331 2,789,816 
Substandard 22 847 934 445 488 6,923 63,920 747 74,326 
Total home equity1,384 21,485 45,090 42,621 34,861 142,847 2,567,776 8,078 2,864,142 
Consumer installment
Pass65,000 183,103 335,641 171,972 155,700 212,480 20,871 62 1,144,829 
Substandard — 134 403 340 514 4,815 193 — 6,399 
Total consumer installment65,000 183,237 336,044 172,312 156,214 217,295 21,064 62 1,151,228 
Total consumer777,212 2,415,233 1,250,017 736,868 555,942 2,194,099 2,588,840 8,140 10,526,351 
Total loans and leases$2,631,566 $7,984,761 $6,498,778 $4,271,477 $2,854,071 $5,350,214 $6,411,767 $218,385 $36,221,019 
(1)This balance includes $32.4 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease is provided over time, and additional amounts are required to be provided to the respective lessees in future accounting periods.
(2)This balance includes $210.2 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease was provided over time, and all equipment required by the lease has been provided to the respective lessees in current or previous accounting periods.
 Amortized Cost Basis
(In thousands)Term Loans and Leases by Origination Year
Revolving Loans and Leases(1)
Revolving Loans and Leases Converted to Term Loans and Leases(2)
December 31, 2020202020192018201720162015 and PriorTotal
Commercial loan and lease portfolio:
Commercial and industrial
Pass$3,282,275 $1,877,468 $994,081 $547,940 $357,567 $316,557 $3,286,687 $48,079 $10,710,654 
Special mention13,377 66,485 46,174 34,959 4,661 6,733 94,338 858 267,585 
Substandard 28,908 69,510 94,227 48,246 52,944 29,295 120,738 276 444,144 
Total commercial and industrial3,324,560 2,013,463 1,134,482 631,145 415,172 352,585 3,501,763 49,213 11,422,383 
Commercial real estate
Pass1,361,117 2,193,489 1,877,374 1,211,426 683,612 1,480,027 — — 8,807,045 
Special mention17,745 78,236 53,087 197,935 79,540 104,473 — — 531,016 
Substandard 6,995 53,079 31,930 124,728 57,221 90,573 — — 364,526 
Total commercial real estate1,385,857 2,324,804 1,962,391 1,534,089 820,373 1,675,073 — — 9,702,587 
Lease financing
Pass1,013,374 715,327 393,644 226,818 109,992 30,620 23,806 167,726 2,681,307 
Special mention4,050 9,871 3,897 4,870 1,484 1,001 — 8,911 34,084 
Substandard 6,440 29,040 27,579 16,150 9,360 8,635 7 4,629 101,840 
Total lease financing1,023,864 754,238 425,120 247,838 120,836 40,256 23,813 181,266 2,817,231 
Total commercial5,734,281 5,092,505 3,521,993 2,413,072 1,356,381 2,067,914 3,525,576 230,479 23,942,201 
Consumer loan portfolio:
Residential mortgage
Pass2,011,791 1,047,735 604,127 435,617 439,816 1,539,779 — — 6,078,865 
Special mention— — — — — 112 — — 112 
Substandard 3,292 9,311 17,268 4,601 3,814 64,782 — — 103,068 
Total residential mortgage2,015,083 1,057,046 621,395 440,218 443,630 1,604,673 — — 6,182,045 
Home equity
Pass23,066 51,448 48,092 39,834 29,071 126,147 2,703,354 7,753 3,028,765 
Special mention— — — — — — — — — 
Substandard 940 1,469 579 515 424 8,354 66,590 1,100 79,971 
Total home equity24,006 52,917 48,671 40,349 29,495 134,501 2,769,944 8,853 3,108,736 
Consumer installment
Pass206,994 371,924 192,067 185,051 119,663 127,252 24,043 67 1,227,061 
Special mention— — — — — — — — — 
Substandard 247 1,179 680 887 909 2,086 377 — 6,365 
Total consumer installment207,241 373,103 192,747 185,938 120,572 129,338 24,420 67 1,233,426 
Total consumer2,246,330 1,483,066 862,813 666,505 593,697 1,868,512 2,794,364 8,920 10,524,207 
Total loans and leases$7,980,611 $6,575,571 $4,384,806 $3,079,577 $1,950,078 $3,936,426 $6,319,940 $239,399 $34,466,408 
(1)This balance includes $23.8 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease is provided over time, and additional amounts are required to be provided to the respective lessees in future accounting periods.
(2)This balance includes $230.5 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease was provided over time, and all equipment required by the lease has been provided to the respective lessees in current or previous accounting periods.
Information on impaired loans
The average balance of nonaccrual loans and leases and interest income recognized on nonaccrual loans and leases were as follows:
Three Months Ended March 31,
 20212020
(In thousands)Average Loan and Lease BalanceInterest Income RecognizedAverage Loan and Lease BalanceInterest Income Recognized
Commercial loan and lease portfolio:    
Commercial and industrial$249,713 $2,116 $68,985 $1,709 
Commercial real estate171,429 3,040 38,383 1,784 
Lease financing92,390 19 12,063 51 
Total commercial loan and lease portfolio513,532 5,175 119,431 3,544 
Consumer loan portfolio:
Residential mortgage87,093 1,304 50,278 638 
Home equity71,162 1,387 39,505 156 
Consumer installment5,814 66 852 25 
Total consumer loan portfolio164,069 2,757 90,635 819 
Total nonaccrual loans and leases
$677,601 $7,932 $210,066 $4,363 
Schedule of TDR loans
The following table presents the recorded investment of loan modifications first classified as TDRs during the periods presented:
Three Months Ended March 31,
20212020
(In thousands)Pre-modification InvestmentPost-modification InvestmentPre-modification InvestmentPost-modification Investment
Commercial loan and lease portfolio:
Commercial and industrial
$2,491 $2,491 $5,751 $5,751 
Commercial real estate
1,700 1,700 106 106 
Total commercial loan and lease portfolio4,191 4,191 5,857 5,857 
Consumer loan portfolio:
Residential mortgage1,126 1,126 3,222 3,157 
Home equity334 334 997 996 
Consumer installment44 44 376 353 
Total consumer loan portfolio1,504 1,504 4,595 4,506 
Total$5,695 $5,695 $10,452 $10,363 

The following table presents TDR loans:
At March 31, 2021At December 31, 2020
(In thousands)Accruing
TDR Loans		Nonaccrual TDR LoansTotal
TDR Loans		Accruing
TDR Loans		Nonaccrual TDR LoansTotal
TDR Loans
Commercial loan and lease portfolio$12,121 $21,554 $33,675 $35,697 $23,575 $59,272 
Consumer loan portfolio17,154 19,700 36,854 16,658 22,804 39,462 
Total$29,275 $41,254 $70,529 $52,355 $46,379 $98,734 
The following table summarizes the TDR loans that defaulted during the periods presented that were modified during the respective reporting period or within one year of the beginning of the respective reporting period. The Corporation considers a loan to have defaulted when under the modified terms it becomes 90 or more days delinquent, has been transferred to nonaccrual status, has been charged down or has been transferred to other real estate owned or repossessed and returned assets.
 Three Months Ended March 31,
(In thousands)20212020
Defaulted TDR loan balances modified during the applicable period
Commercial loan and lease portfolio:
Commercial and industrial$1,515 $— 
Commercial real estate1,228 — 
Total commercial loan and lease portfolio2,743 — 
Consumer loan portfolio:  
Residential mortgage197 630 
Home equity198 59 
Consumer installment34 — 
Total consumer loan portfolio429 689 
Defaulted TDR loan balances
$3,172 $689 
Schedule of other real estate owned and repossessed and returned assets Other real estate owned and repossessed and returned assets were as follows:
(In thousands)At March 31, 2021At December 31, 2020
Other real estate owned$32,115 $33,192 
Repossessed and returned assets8,501 8,932 
Consumer loans in process of foreclosure24,173 14,790