XML 60 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans And Allowance For Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2011
Loans And Allowance For Loan Losses [Abstract]  
Summary Classification Of Held To Maturity Loan Portfolio
(In thousands)
2011
2010
Commercial:
 
 
Business
$
2,808,265

$
2,957,043

Real estate — construction and land
386,598

460,853

Real estate — business
2,180,100

2,065,837

Personal Banking:
 
 
Real estate — personal
1,428,777

1,440,386

Consumer
1,114,889

1,164,327

Revolving home equity
463,587

477,518

Consumer credit card
788,701

831,035

Overdrafts
6,561

13,983

Total loans
$
9,177,478

$
9,410,982

Loans To Directors And Executive Officers
(In thousands)
 
Balance at January 1, 2011
$
66,974

Additions
263,047

Amounts collected
(267,233
)
Amounts written off
—

Balance, December 31, 2011
$
62,788

Activity In The Allowance For Losses
(In thousands)
Commercial
Personal Banking
Total
Balance at January 1, 2011
$
119,946

$
77,592

$
197,538

Provision for loan losses
18,052

33,463

51,515

Deductions:
 
 
 
Loans charged off
18,818

62,567

81,385

Less recoveries
3,317

13,547

16,864

Net loans charged off
15,501

49,020

64,521

Balance at December 31, 2011
$
122,497

$
62,035

$
184,532


A summary of the activity in the allowance for losses during the years ended December 31, 2010 and 2009 follows:
(In thousands)
2010
2009
Balance at January 1
$
194,480

$
172,619

Provision for loan losses
100,000

160,697

Deductions:
 
 
Loan charged off
114,573

154,410

Less recoveries
17,631

15,574

Net loans charged off
96,942

138,836

Balance at December 31
$
197,538

$
194,480

Allowance For Loan Losses And Related Loan Balance Disaggregated On The Basis Of Impairment Methodology
(In thousands)
Commercial
Personal Banking
Total
December 31, 2011
 
 
 
Allowance for loan losses:
 
 
 
Impaired loans
$
6,668

$
4,090

$
10,758

All other loans
115,829

57,945

173,774

Loans outstanding:
 
 
 
Impaired loans
108,167

31,088

139,255

All other loans
5,266,796

3,771,427

9,038,223

December 31, 2010
 
 
 
Allowance for loan losses:
 
 
 
Impaired loans
$
6,127

$
3,243

$
9,370

All other loans
113,819

74,349

188,168

Loans outstanding:
 
 
 
Impaired loans
118,532

26,828

145,360

All other loans
5,365,201

3,900,421

9,265,622

Investment In Impaired Loans
(In thousands)
2011
2010
Non-accrual loans
$
75,482

$
85,275

Restructured loans (accruing)
63,773

60,085

Total impaired loans
$
139,255

$
145,360

Additional Information About Impaired Loans Held
(In thousands)
Recorded Investment
Unpaid Principal Balance
 Related Allowance
Interest Income Recognized *
December 31, 2011
 
 
 
 
With no related allowance recorded:
 
 
 
 
Business
$
19,759

$
22,497

$
—

$
—

Real estate – construction and land
8,391

22,746

—

—

Real estate – business
6,853

9,312

—

—

Real estate – personal
793

793

—

—

 
$
35,796

$
55,348

$
—

$
—

With an allowance recorded:
 
 
 
 
Business
$
15,604

$
19,286

$
1,500

$
284

Real estate – construction and land
37,387

47,516

2,580

947

Real estate – business
20,173

24,799

2,588

327

Real estate – personal
7,867

10,671

795

37

Consumer credit card
22,428

22,428

3,295

2,016

 
$
103,459

$
124,700

$
10,758

$
3,611

Total
$
139,255

$
180,048

$
10,758

$
3,611

December 31, 2010
 
 
 
 
With no related allowance recorded:
 
 
 
 
Business
$
3,544

$
5,095

$
—

$
—

Real estate – construction and land
30,979

55,790

—

—

Real estate – business
4,245

5,295

—

—

Real estate – personal
755

755

—

—

 
$
39,523

$
66,935

$
—

$
—

With an allowance recorded:
 
 
 
 
Business
$
18,464

$
21,106

$
1,665

$
395

Real estate – construction and land
39,719

52,587

2,538

756

Real estate – business
21,581

25,713

1,924

387

Real estate – personal
7,294

9,489

936

25

Consumer credit card
18,779

18,779

2,307

1,304

 
$
105,837

$
127,674

$
9,370

$
2,867

Total
$
145,360

$
194,609

$
9,370

$
2,867

* Represents interest income recognized during the respective years on impaired loans held at December 31, 2011 and December 31, 2010. Interest shown is interest recognized on accruing restructured loans as noted above.
Average Impaired Loans
(In thousands)
 
Commercial
Personal Banking
Total
Average impaired loans:
 
 
 
 
Non-accrual loans
 
$
70,053

$
7,121

$
77,174

Restructured loans (accruing)
 
43,575

22,583

66,158

Average impaired loans during
2011
$
113,628

$
29,704

$
143,332

Aging Information On Past Due And Accruing Loans
(In thousands)
Current or Less Than 30 Days Past Due
30 – 89 Days Past Due
90 Days Past Due and Still Accruing
Non-accrual
Total
December 31, 2011
Commercial:
Business
$
2,777,578

$
4,368

$
595

$
25,724

$
2,808,265

Real estate – construction and land
362,592

1,113

121

22,772

386,598

Real estate – business
2,151,822

8,875

29

19,374

2,180,100

Personal Banking:
Real estate – personal
1,406,449

11,671

3,045

7,612

1,428,777

Consumer
1,096,742

15,917

2,230

—

1,114,889

Revolving home equity
461,941

1,003

643

—

463,587

Consumer credit card
769,922

10,484

8,295

—

788,701

Overdrafts
6,173

388

—

—

6,561

Total
$
9,033,219

$
53,819

$
14,958

$
75,482

$
9,177,478

December 31, 2010
Commercial:
Business
$
2,927,403

$
19,853

$
854

$
8,933

$
2,957,043

Real estate – construction and land
400,420

7,464

217

52,752

460,853

Real estate – business
2,040,794

8,801

—

16,242

2,065,837

Personal Banking:
Real estate – personal
1,413,905

15,579

3,554

7,348

1,440,386

Consumer
1,145,561

15,899

2,867

—

1,164,327

Revolving home equity
475,764

929

825

—

477,518

Consumer credit card
806,373

12,513

12,149

—

831,035

Overdrafts
13,555

428

—

—

13,983

Total
$
9,223,775

$
81,466

$
20,466

$
85,275

$
9,410,982

Credit Quality Of Commercial Loan Portfolio
 
Commercial Loans
(In thousands)
Business
Real Estate -Construction
Real Estate - Business
Total
December 31, 2011
 
 
 
 
Pass
$
2,669,868

$
304,408

$
1,994,391

$
4,968,667

Special mention
37,460

4,722

52,683

94,865

Substandard
75,213

54,696

113,652

243,561

Non-accrual
25,724

22,772

19,374

67,870

Total
$
2,808,265

$
386,598

$
2,180,100

$
5,374,963

December 31, 2010
 
 
 
 
Pass
$
2,801,328

$
327,167

$
1,878,005

$
5,006,500

Special mention
67,142

29,345

77,527

174,014

Substandard
79,640

51,589

94,063

225,292

Non-accrual
8,933

52,752

16,242

77,927

Total
$
2,957,043

$
460,853

$
2,065,837

$
5,483,733

Credit Quality Of Personal Banking Loans
 
Personal Banking Loans
 
% of Loan Category
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
December 31, 2011
 
 
 
 
FICO score:
 
 
 
 
Under 600
3.4
%
8.4
%
2.6
%
4.9
%
600 – 659
4.1

11.0

4.9

11.2

660 – 719
12.2

23.2

15.1

31.0

720 – 780
29.2

26.0

26.3

29.0

Over 780
51.1

31.4

51.1

23.9

Total
100.0
%
100.0
%
100.0
%
100.0
%
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
(In thousands)
December 31, 2011
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
19,821

$
—

Real estate – construction and land
39,677

9,736

Real estate – business
12,992

1,595

Personal Banking:
 
 
Real estate – personal
3,031

—

Consumer credit card
22,428

6,333

Total restructured loans
$
97,949

$
17,664

Loans Held For Sale, Including Impairment Valuation Allowance
(In thousands)
2011
2010
Balance outstanding at end of year:
 
 
Student loans, at cost
$
28,706

$
53,901

Residential mortgage loans, at cost
2,545

10,419

Valuation allowance on student loans
(175
)
(569
)
Total loans held for sale, at lower of cost or fair value
$
31,076

$
63,751

Net gains on sales:
 
 
Student loans
$
531

$
8,398

Residential mortgage loans
1,509

2,004

Total gains on sales of loans held for sale, net
$
2,040

$
10,402