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Loans And Allowance For Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2013
Loans And Allowance For Loan Losses [Abstract]  
Summary Classification Of Held To Maturity Loan Portfolio
Major classifications within the Company’s held to maturity loan portfolio at March 31, 2013 and December 31, 2012 are as follows:

(In thousands)
 
March 31, 2013
 
December 31, 2012
Commercial:
 
 
 
 
Business
 
$
3,206,594

 
$
3,134,801

Real estate – construction and land
 
353,659

 
355,996

Real estate – business
 
2,213,353

 
2,214,975

Personal Banking:
 
 
 
 
Real estate – personal
 
1,626,106

 
1,584,859

Consumer
 
1,408,246

 
1,289,650

Revolving home equity
 
420,219

 
437,567

Consumer credit card
 
750,671

 
804,245

Overdrafts
 
3,838

 
9,291

Total loans
 
$
9,982,686

 
$
9,831,384
Summary Of Activity In The Allowance For Loan Losses
A summary of the activity in the allowance for loan losses during the three months ended March 31, 2013 and 2012 follows:

 
 
For the Three Months Ended March 31, 2013
 
For the Three Months Ended March 31, 2012
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at January 1
$
105,725

$
66,807

$
172,532

 
$
122,497

$
62,035

$
184,532

Provision
(6,590
)
9,875

3,285

 
(3,198
)
11,363

8,165

Deductions:
 
 
 
 
 
 
 
   Loans charged off
705

11,801

12,506

 
2,528

13,389

15,917

   Less recoveries on loans
1,391

3,330

4,721

 
703

4,049

4,752

Net loan charge-offs (recoveries)
(686
)
8,471

7,785

 
1,825

9,340

11,165

Balance at March 31
$
99,821

$
68,211

$
168,032

 
$
117,474

$
64,058

$
181,532
Allowance For Loan Losses And Related Loan Balance Disaggregated On The Basis Of Impairment Methodology
The following table shows the balance in the allowance for loan losses and the related loan balance at March 31, 2013 and December 31, 2012, disaggregated on the basis of impairment methodology. Impaired loans evaluated under ASC 310-10-35 include loans on non-accrual status, which are individually evaluated for impairment, and other impaired loans discussed below, which are deemed to have similar risk characteristics and are collectively evaluated. All other loans are collectively evaluated for impairment under ASC 450-20.
 
Impaired Loans
 
All Other Loans

(In thousands)
Allowance for Loan Losses
Loans Outstanding
 
Allowance for Loan Losses
Loans Outstanding
March 31, 2013
 
 
 
 
 
Commercial
$
8,345

$
79,857

 
$
91,476

$
5,693,749

Personal Banking
2,772

31,241

 
65,439

4,177,839

Total
$
11,117

$
111,098

 
$
156,915

$
9,871,588

December 31, 2012
 
 
 
 
 
Commercial
$
5,434

$
80,807

 
$
100,291

$
5,624,965

Personal Banking
2,051

36,111

 
64,756

4,089,501

Total
$
7,485

$
116,918

 
$
165,047

$
9,714,466
Investment In Impaired Loans

The table below shows the Company’s investment in impaired loans at March 31, 2013 and December 31, 2012. These loans consist of all loans on non-accrual status and other restructured loans whose terms have been modified and classified as troubled debt restructurings under ASC 310-40. These restructured loans are performing in accordance with their modified terms, and because the Company believes it probable that all amounts due under the modified terms of the agreements will be collected, interest on these loans is being recognized on an accrual basis. They are discussed further in the "Troubled debt restructurings" section on page 13.
(In thousands)
 
Mar. 31, 2013
 
Dec. 31, 2012
Non-accrual loans
 
$
44,739

 
$
51,410

Restructured loans (accruing)
 
66,359

 
65,508

Total impaired loans
 
$
111,098

 
$
116,918
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at March 31, 2013 and December 31, 2012, segregated between loans for which an allowance for credit losses has been provided and loans for which no allowance has been provided.


(In thousands)
Recorded Investment
Unpaid Principal
Balance
 Related
Allowance
March 31, 2013
 
 
 
With no related allowance recorded:
 
 
 
Business
$
8,563

$
9,000

$
—

Real estate – construction and land
10,975

19,528

—

Real estate – business
5,692

8,776

—

 
$
25,230

$
37,304

$
—

With an allowance recorded:
 
 
 
Business
$
20,222

$
24,477

$
3,082

Real estate – construction and land
20,611

21,838

2,808

Real estate – business
13,794

20,119

2,455

Real estate – personal
11,952

14,930

1,536

Consumer
4,548

4,548

116

Revolving home equity
810

810

35

Consumer credit card
13,931

13,931

1,085

 
$
85,868

$
100,653

$
11,117

Total
$
111,098

$
137,957

$
11,117

December 31, 2012
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,964

$
12,697

$
—

Real estate – construction and land
8,440

15,102

—

Real estate – business
5,484

8,200

—

Real estate – personal
1,166

1,380

—

Revolving home equity
$
510

$
843

—

 
$
25,564

$
38,222

$
—

With an allowance recorded:
 
 
 
Business
$
19,358

$
22,513

$
1,888

Real estate – construction and land
20,446

25,808

1,762

Real estate – business
17,115

23,888

1,784

Real estate – personal
14,157

17,304

857

Consumer
4,779

4,779

93

Revolving home equity
779

779

18

Consumer credit card
14,720

14,720

1,083

 
$
91,354

$
109,791

$
7,485

Total
$
116,918

$
148,013

$
7,485
Total Average Impaired Loans
Total average impaired loans for the three month periods ending March 31, 2013 and 2012, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended March 31, 2013
 
 
 
Non-accrual loans
$
41,108

$
6,059

$
47,167

Restructured loans (accruing)
38,642

27,291

65,933

Total
$
79,750

$
33,350

$
113,100

For the three months ended March 31, 2012
 
 
 
Non-accrual loans
$
67,564

$
7,409

$
74,973

Restructured loans (accruing)
40,226

23,554

63,780

Total
$
107,790

$
30,963

$
138,753
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three month periods ending March 31, 2013 and 2012 for impaired loans held at the end of each respective period. This interest relates to accruing restructured loans, as discussed in the "Troubled debt restructurings" section on page 13.
 
For the Three Months Ended March 31
(In thousands)
2013
2012
Interest income recognized on impaired loans:
 
 
Business
$
397

$
105

Real estate – construction and land
202

250

Real estate – business
61

54

Real estate – personal
73

14

Consumer
93

—

Revolving home equity
9

—

Consumer credit card
240

326

Total
$
1,075

$
749
Aging Information On Past Due And Nonaccrual Loans
The following table provides aging information on the Company’s past due and accruing loans, in addition to the balances of loans on non-accrual status, at March 31, 2013 and December 31, 2012.




(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
March 31, 2013
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
3,178,043

$
15,387

$
1,085

$
12,079

$
3,206,594

Real estate – construction and land
328,115

12,570

—

12,974

353,659

Real estate – business
2,194,179

4,709

176

14,289

2,213,353

Personal Banking:
 
 
 
 
 
Real estate – personal
1,608,631

9,721

2,368

5,386

1,626,106

Consumer
1,392,285

13,838

2,112

11

1,408,246

Revolving home equity
413,731

5,551

937

—

420,219

Consumer credit card
733,293

9,041

8,337

—

750,671

Overdrafts
2,684

1,154

—

—

3,838

Total
$
9,850,961

$
71,971

$
15,015

$
44,739

$
9,982,686

December 31, 2012
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
3,110,403

$
10,054

$
1,288

$
13,056

$
3,134,801

Real estate – construction and land
325,541

16,721

56

13,678

355,996

Real estate – business
2,194,395

3,276

—

17,304

2,214,975

Personal Banking:
 
 
 
 
 
Real estate – personal
1,564,281

10,862

2,854

6,862

1,584,859

Consumer
1,273,581

13,926

2,143

—

1,289,650

Revolving home equity
433,437

2,121

1,499

510

437,567

Consumer credit card
786,081

10,657

7,507

—

804,245

Overdrafts
8,925

366

—

—

9,291

Total
$
9,696,644

$
67,983

$
15,347

$
51,410

$
9,831,384
Credit Quality Of Commercial Loan Portfolio
The following table provides information about the credit quality of the Commercial loan portfolio, using the Company’s internal rating system as an indicator. The internal rating system is a series of grades reflecting management’s risk assessment, based on its analysis of the borrower’s financial condition. The “pass” category consists of a range of loan grades that reflect increasing, though still acceptable, risk. Movement of risk through the various grade levels in the “pass” category is monitored for early identification of credit deterioration. The “special mention” rating is attached to loans where the borrower exhibits negative financial trends due to borrower specific or systemic conditions that, if left uncorrected, threaten its capacity to meet its debt obligations. The borrower is believed to have sufficient financial flexibility to react to and resolve its negative financial situation. It is a transitional grade that is closely monitored for improvement or deterioration. The “substandard” rating is applied to loans where the borrower exhibits well-defined weaknesses that jeopardize its continued performance and are of a severity that the distinct possibility of default exists. Loans are placed on “non-accrual” when management does not expect to collect payments consistent with acceptable and agreed upon terms of repayment.
Commercial Loans


(In thousands)


Business
Real
 Estate-Construction
Real
Estate-
Business


Total
March 31, 2013
 
 
 
 
Pass
$
3,080,972

$
296,540

$
2,101,294

$
5,478,806

Special mention
69,708

8,660

46,436

124,804

Substandard
43,835

35,485

51,334

130,654

Non-accrual
12,079

12,974

14,289

39,342

Total
$
3,206,594

$
353,659

$
2,213,353

$
5,773,606

December 31, 2012
 
 
 
 
Pass
$
3,018,062

$
297,156

$
2,103,913

$
5,419,131

Special mention
58,793

11,400

38,396

108,589

Substandard
44,890

33,762

55,362

134,014

Non-accrual
13,056

13,678

17,304

44,038

Total
$
3,134,801

$
355,996

$
2,214,975

$
5,705,772
Summary Of Loans In The Personal Banking Portfolio Percentage Of Balances Outstanding
For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at March 31, 2013 and December 31, 2012 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
March 31, 2013
 
 
 
 
FICO score:
 
 
 
 
Under 600
2.0
%
6.0
%
2.3
%
4.5
%
600 - 659
3.4

11.6

5.2

12.3

660 - 719
9.8

24.5

16.1

33.6

720 - 779
27.0

27.1

30.6

28.3

780 and Over
57.8

30.8

45.8

21.3

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2012
 
 
 
 
FICO score:
 
 
 
 
Under 600
2.3
%
6.7
%
2.6
%
4.4
%
600 - 659
3.2

11.3

5.3

11.7

660 - 719
10.4

24.4

15.2

32.1

720 - 779
26.6

26.4

30.0

28.2

780 and Over
57.5

31.2

46.9

23.6

Total
100.0
%
100.0
%
100.0
%
100.0
%
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
The following table shows the outstanding balances of loans classified as troubled debt restructurings at March 31, 2013, in addition to the outstanding balances of these restructured loans which the Company considers to have been in default at any time during the past twelve months. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal.
(In thousands)
March 31, 2013
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
25,520

$
106

Real estate - construction and land
29,586

2,664

Real estate - business
10,204

3,906

Personal Banking:
 
 
Real estate - personal
8,178

46

Consumer
4,537

209

Revolving home equity
810

163

Consumer credit card
13,931

881

Total restructured loans
$
92,766

$
7,975