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Loans And Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 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 September 30, 2015 and December 31, 2014 are as follows:

(In thousands)
 
September 30, 2015
 
December 31, 2014
Commercial:
 
 
 
 
Business
 
$
4,406,854

 
$
3,969,952

Real estate – construction and land
 
534,425

 
403,507

Real estate – business
 
2,286,013

 
2,288,215

Personal Banking:
 
 
 
 
Real estate – personal
 
1,920,650

 
1,883,092

Consumer
 
1,886,806

 
1,705,134

Revolving home equity
 
428,940

 
430,873

Consumer credit card
 
756,093

 
782,370

Overdrafts
 
4,493

 
6,095

Total loans
 
$
12,224,274

 
$
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 nine months ended September 30, 2015 and 2014, respectively, follows:
 
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at beginning of period
$
86,329

$
65,203

$
151,532

 
$
89,622

$
66,910

$
156,532

Provision
(1,976
)
10,340

8,364

 
(6,089
)
25,630

19,541

Deductions:
 
 
 
 
 
 
 
   Loans charged off
903

11,321

12,224

 
3,035

34,194

37,229

   Less recoveries on loans
1,167

2,693

3,860

 
4,119

8,569

12,688

Net loan charge-offs (recoveries)
(264
)
8,628

8,364

 
(1,084
)
25,625

24,541

Balance September 30, 2015
$
84,617

$
66,915

$
151,532

 
$
84,617

$
66,915

$
151,532

Balance at beginning of period
$
98,928

$
62,604

$
161,532

 
$
94,189

$
67,343

$
161,532

Provision
(717
)
8,369

7,652

 
3,836

21,031

24,867

Deductions:
 
 
 
 
 
 
 
   Loans charged off
686

11,414

12,100

 
3,034

35,917

38,951

   Less recoveries on loans
1,431

3,017

4,448

 
3,965

10,119

14,084

Net loan charge-offs (recoveries)
(745
)
8,397

7,652

 
(931
)
25,798

24,867

Balance September 30, 2014
$
98,956

$
62,576

$
161,532

 
$
98,956

$
62,576

$
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 September 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
September 30, 2015
 
 
 
 
 
Commercial
$
1,829

$
32,513

 
$
82,788

$
7,194,779

Personal Banking
1,667

22,868

 
65,248

4,974,114

Total
$
3,496

$
55,381

 
$
148,036

$
12,168,893

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 September 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)
 
Sept. 30, 2015
 
Dec. 31, 2014
Non-accrual loans
 
$
25,779

 
$
40,775

Restructured loans (accruing)
 
29,602

 
40,313

Total impaired loans
 
$
55,381

 
$
81,088
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at September 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
September 30, 2015
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,692

$
11,866

$
—

Real estate – construction and land
2,072

7,679

—

Real estate – business
1,535

2,969

—

 
$
13,299

$
22,514

$
—

With an allowance recorded:
 
 
 
Business
$
8,292

$
10,252

$
681

Real estate – construction and land
3,327

4,939

288

Real estate – business
7,595

11,084

860

Real estate – personal
8,652

11,835

1,015

Consumer
5,461

5,461

70

Revolving home equity
492

492

13

Consumer credit card
8,263

8,263

569

 
$
42,082

$
52,326

$
3,496

Total
$
55,381

$
74,840

$
3,496

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 nine month periods ended September 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 September 30, 2015
 
 
 
Non-accrual loans
$
21,119

$
5,179

$
26,298

Restructured loans (accruing)
13,399

18,221

31,620

Total
$
34,518

$
23,400

$
57,918

For the nine months ended September 30, 2015
 
 
 
Non-accrual loans
$
25,784

$
5,791

$
31,575

Restructured loans (accruing)
16,612

18,854

35,466

Total
$
42,396

$
24,645

$
67,041

For the three months ended September 30, 2014
 
 
 
Non-accrual loans
$
38,111

$
7,267

$
45,378

Restructured loans (accruing)
32,970

19,822

52,792

Total
$
71,081

$
27,089

$
98,170

For the nine months ended September 30, 2014
 
 
 
Non-accrual loans
$
38,099

$
7,320

$
45,419

Restructured loans (accruing)
37,157

20,660

57,817

Total
$
75,256

$
27,980

$
103,236
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and nine month periods ended September 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 September 30
 
For the Nine Months Ended September 30
(In thousands)
2015
2014
 
2015
2014
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
63

$
146

 
$
188

$
438

Real estate – construction and land
22

97

 
66

290

Real estate – business
33

58

 
99

173

Real estate – personal
47

53

 
142

160

Consumer
87

72

 
261

215

Revolving home equity
6

7

 
17

20

Consumer credit card
186

236

 
558

707

Total
$
444

$
669

 
$
1,331

$
2,003
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 September 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
September 30, 2015
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,391,674

$
3,106

$
375

$
11,699

$
4,406,854

Real estate – construction and land
529,117

1,262

—

4,046

534,425

Real estate – business
2,277,384

3,575

—

5,054

2,286,013

Personal Banking:
 
 
 
 
 
Real estate – personal
1,904,280

8,695

2,695

4,980

1,920,650

Consumer
1,867,657

17,244

1,905

—

1,886,806

Revolving home equity
423,939

2,512

2,489

—

428,940

Consumer credit card
740,124

8,726

7,243

—

756,093

Overdrafts
4,204

289

—

—

4,493

Total
$
12,138,379

$
45,409

$
14,707

$
25,779

$
12,224,274

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
September 30, 2015
 
 
 
 
Pass
$
4,304,836

$
527,590

$
2,211,387

$
7,043,813

Special mention
59,526

1,021

19,576

80,123

Substandard
30,793

1,768

49,996

82,557

Non-accrual
11,699

4,046

5,054

20,799

Total
$
4,406,854

$
534,425

$
2,286,013

$
7,227,292

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 September 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
September 30, 2015
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.5
%
4.6
%
1.6
%
3.8
%
600 - 659
2.8

9.5

4.2

12.1

660 - 719
9.1

22.5

13.7

32.6

720 - 779
25.3

27.0

26.2

28.1

780 and over
61.3

36.4

54.3

23.4

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 September 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)
September 30, 2015
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
16,441

$
—

Real estate - construction and land
5,222

1,499

Real estate - business
5,502

—

Personal Banking:
 
 
Real estate - personal
5,276

—

Consumer
5,487

57

Revolving home equity
492

49

Consumer credit card
8,263

541

Total restructured loans
$
46,683

$
2,146