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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2015
Loans And Allowance For Loan Losses [Abstract]  
Summary Classification Of Held To Maturity Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at June 30, 2015 and December 31, 2014 are as follows:

(In thousands)
 
June 30, 2015
 
December 31, 2014
Commercial:
 
 
 
 
Business
 
$
4,267,997

 
$
3,969,952

Real estate – construction and land
 
448,887

 
403,507

Real estate – business
 
2,276,231

 
2,288,215

Personal Banking:
 
 
 
 
Real estate – personal
 
1,901,671

 
1,883,092

Consumer
 
1,848,457

 
1,705,134

Revolving home equity
 
430,880

 
430,873

Consumer credit card
 
750,731

 
782,370

Overdrafts
 
3,627

 
6,095

Total loans
 
$
11,928,481

 
$
11,469,238
Summary Of Activity In The Allowance For Loan Losses
A summary of the activity in the allowance for loan losses during the three and six months ended June 30, 2015 and 2014, respectively, follows:
 
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at beginning of period
$
88,906

$
64,626

$
153,532

 
$
89,622

$
66,910

$
156,532

Provision
(2,361
)
9,118

6,757

 
(4,113
)
15,290

11,177

Deductions:
 
 
 
 
 
 
 
   Loans charged off
1,408

11,297

12,705

 
2,132

22,873

25,005

   Less recoveries on loans
1,192

2,756

3,948

 
2,952

5,876

8,828

Net loan charge-offs (recoveries)
216

8,541

8,757

 
(820
)
16,997

16,177

Balance June 30, 2015
$
86,329

$
65,203

$
151,532

 
$
86,329

$
65,203

$
151,532

Balance at beginning of period
$
97,881

$
63,651

$
161,532

 
$
94,189

$
67,343

$
161,532

Provision
486

7,069

7,555

 
4,553

12,662

17,215

Deductions:
 
 
 
 
 
 
 
   Loans charged off
1,218

11,752

12,970

 
2,348

24,503

26,851

   Less recoveries on loans
1,779

3,636

5,415

 
2,534

7,102

9,636

Net loan charge-offs (recoveries)
(561
)
8,116

7,555

 
(186
)
17,401

17,215

Balance June 30, 2014
$
98,928

$
62,604

$
161,532

 
$
98,928

$
62,604

$
161,532
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 June 30, 2015 and December 31, 2014, 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
June 30, 2015
 
 
 
 
 
Commercial
$
1,943

$
31,276

 
$
84,386

$
6,961,839

Personal Banking
1,813

24,300

 
63,390

4,911,066

Total
$
3,756

$
55,576

 
$
147,776

$
11,872,905

December 31, 2014
 
 
 
 
 
Commercial
$
4,527

$
55,551

 
$
85,095

$
6,606,123

Personal Banking
2,314

25,537

 
64,596

4,782,027

Total
$
6,841

$
81,088

 
$
149,691

$
11,388,150
Investment In Impaired Loans

The table below shows the Company’s investment in impaired loans at June 30, 2015 and December 31, 2014. 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 14.
(In thousands)
 
June 30, 2015
 
Dec. 31, 2014
Non-accrual loans
 
$
26,645

 
$
40,775

Restructured loans (accruing)
 
28,931

 
40,313

Total impaired loans
 
$
55,576

 
$
81,088
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 2015 and December 31, 2014, 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
June 30, 2015
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,779

$
11,911

$
—

Real estate – construction and land
3,102

8,554

—

Real estate – business
2,213

3,629

—

Real estate – personal
618

815

—

 
$
15,712

$
24,909

$
—

With an allowance recorded:
 
 
 
Business
$
7,303

$
9,408

$
836

Real estate – construction and land
3,658

5,129

321

Real estate – business
5,221

9,299

786

Real estate – personal
8,710

11,832

1,030

Consumer
5,378

5,492

91

Revolving home equity
523

523

21

Consumer credit card
9,071

9,071

671

 
$
39,864

$
50,754

$
3,756

Total
$
55,576

$
75,663

$
3,756

December 31, 2014
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,237

$
11,532

$
—

Real estate – construction and land
4,552

8,493

—

Real estate – business
13,453

17,258

—

Revolving home equity
1,227

1,384

—

 
$
28,469

$
38,667

$
—

With an allowance recorded:
 
 
 
Business
$
12,326

$
13,846

$
1,844

Real estate – construction and land
8,148

9,610

1,081

Real estate – business
7,835

15,025

1,602

Real estate – personal
9,096

12,465

1,441

Consumer
4,244

4,244

50

Revolving home equity
529

529

9

Consumer credit card
10,441

10,441

814

 
$
52,619

$
66,160

$
6,841

Total
$
81,088

$
104,827

$
6,841
Total Average Impaired Loans
Total average impaired loans for the three and six month periods ended June 30, 2015 and 2014, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2015
 
 
 
Non-accrual loans
$
25,063

$
5,948

$
31,011

Restructured loans (accruing)
14,254

18,968

33,222

Total
$
39,317

$
24,916

$
64,233

For the six months ended June 30, 2015
 
 
 
Non-accrual loans
$
28,155

$
6,102

$
34,257

Restructured loans (accruing)
18,245

19,176

37,421

Total
$
46,400

$
25,278

$
71,678

For the three months ended June 30, 2014
 
 
 
Non-accrual loans
$
35,908

$
7,131

$
43,039

Restructured loans (accruing)
40,167

20,745

60,912

Total
$
76,075

$
27,876

$
103,951

For the six months ended June 30, 2014
 
 
 
Non-accrual loans
$
38,093

$
7,347

$
45,440

Restructured loans (accruing)
39,285

21,086

60,371

Total
$
77,378

$
28,433

$
105,811
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 2015 and 2014, respectively, for impaired loans held at the end of each respective period. This interest all relates to accruing restructured loans, as discussed in the "Troubled debt restructurings" section on page 14.
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
2015
2014
 
2015
2014
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
42

$
181

 
$
84

$
361

Real estate – construction and land
42

142

 
84

283

Real estate – business
15

46

 
30

91

Real estate – personal
48

58

 
96

115

Consumer
85

71

 
169

142

Revolving home equity
6

7

 
11

14

Consumer credit card
179

228

 
357

456

Total
$
417

$
733

 
$
831

$
1,462
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 June 30, 2015 and December 31, 2014.




(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
June 30, 2015
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,252,087

$
3,643

$
411

$
11,856

$
4,267,997

Real estate – construction and land
438,905

4,903

1,479

3,600

448,887

Real estate – business
2,264,297

6,291

—

5,643

2,276,231

Personal Banking:
 
 
 
 
 
Real estate – personal
1,885,544

8,480

2,201

5,446

1,901,671

Consumer
1,832,142

14,179

2,036

100

1,848,457

Revolving home equity
427,644

1,912

1,324

—

430,880

Consumer credit card
736,213

7,751

6,767

—

750,731

Overdrafts
3,345

282

—

—

3,627

Total
$
11,840,177

$
47,441

$
14,218

$
26,645

$
11,928,481

December 31, 2014
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
3,946,144

$
11,152

$
1,096

$
11,560

$
3,969,952

Real estate – construction and land
397,488

827

35

5,157

403,507

Real estate – business
2,266,688

3,661

—

17,866

2,288,215

Personal Banking:
 
 
 
 
 
Real estate – personal
1,868,606

6,618

1,676

6,192

1,883,092

Consumer
1,687,285

16,053

1,796

—

1,705,134

Revolving home equity
428,478

1,552

843

—

430,873

Consumer credit card
764,599

9,559

8,212

—

782,370

Overdrafts
5,721

374

—

—

6,095

Total
$
11,365,009

$
49,796

$
13,658

$
40,775

$
11,469,238
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 applied 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
June 30, 2015
 
 
 
 
Pass
$
4,179,038

$
439,769

$
2,210,059

$
6,828,866

Special mention
46,321

1,111

15,842

63,274

Substandard
30,782

4,407

44,687

79,876

Non-accrual
11,856

3,600

5,643

21,099

Total
$
4,267,997

$
448,887

$
2,276,231

$
6,993,115

December 31, 2014
 
 
 
 
Pass
$
3,871,569

$
385,831

$
2,184,541

$
6,441,941

Special mention
62,904

3,865

40,668

107,437

Substandard
23,919

8,654

45,140

77,713

Non-accrual
11,560

5,157

17,866

34,583

Total
$
3,969,952

$
403,507

$
2,288,215

$
6,661,674
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 June 30, 2015 and December 31, 2014 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2015
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.6
%
4.8
%
1.8
%
3.9
%
600 - 659
3.2

9.7

3.9

11.7

660 - 719
9.7

22.5

13.3

32.4

720 - 779
26.8

26.9

25.7

28.0

780 and over
58.7

36.1

55.3

24.0

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2014
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.4
%
5.2
%
1.8
%
4.1
%
600 - 659
3.1

10.2

4.4

11.8

660 - 719
9.9

22.9

13.7

32.4

720 - 779
26.7

28.0

32.8

27.8

780 and over
58.9

33.7

47.3

23.9

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 June 30, 2015, 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)
June 30, 2015
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
14,945

$
—

Real estate - construction and land
6,418

181

Real estate - business
3,495

—

Personal Banking:
 
 
Real estate - personal
5,606

192

Consumer
5,303

84

Revolving home equity
523

91

Consumer credit card
9,071

693

Total restructured loans
$
45,361

$
1,241