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Loans And Allowance For Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 are as follows:

(In thousands)
 
March 31, 2016
 
December 31, 2015
Commercial:
 
 
 
 
Business
 
$
4,575,081

 
$
4,397,893

Real estate – construction and land
 
745,369

 
624,070

Real estate – business
 
2,395,933

 
2,355,544

Personal Banking:
 
 
 
 
Real estate – personal
 
1,903,969

 
1,915,953

Consumer
 
1,904,320

 
1,924,365

Revolving home equity
 
423,005

 
432,981

Consumer credit card
 
744,364

 
779,744

Overdrafts
 
5,829

 
6,142

Total loans
 
$
12,697,870

 
$
12,436,692
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, 2016 and 2015, respectively, follows:
 
 
For the Three Months Ended March 31
(In thousands)
 
Commercial
Personal Banking

Total
Balance January 1
$
82,086

$
69,446

$
151,532

Provision
4,151

5,288

9,439

Deductions:
 
 
 
   Loans charged off
1,513

11,777

13,290

   Less recoveries on loans
1,303

3,148

4,451

Net loan charge-offs (recoveries)
210

8,629

8,839

Balance March 31, 2016
$
86,027

$
66,105

$
152,132

Balance January 1
$
89,622

$
66,910

$
156,532

Provision
(1,752
)
6,172

4,420

Deductions:
 
 
 
   Loans charged off
724

11,576

12,300

   Less recoveries on loans
1,760

3,120

4,880

Net loan charge-offs (recoveries)
(1,036
)
8,456

7,420

Balance March 31, 2015
$
88,906

$
64,626

$
153,532
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, 2016 and December 31, 2015, 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, 2016
 
 
 
 
 
Commercial
$
2,963

$
58,199

 
$
83,064

$
7,658,184

Personal Banking
1,385

22,188

 
64,720

4,959,299

Total
$
4,348

$
80,387

 
$
147,784

$
12,617,483

December 31, 2015
 
 
 
 
 
Commercial
$
1,927

$
43,027

 
$
80,159

$
7,334,480

Personal Banking
1,557

22,287

 
67,889

5,036,898

Total
$
3,484

$
65,314

 
$
148,048

$
12,371,378
Investment In Impaired Loans
The table below shows the Company’s investment in impaired loans at March 31, 2016 and December 31, 2015. 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. 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, 2016
 
Dec. 31, 2015
Non-accrual loans
 
$
29,367

 
$
26,575

Restructured loans (accruing)
 
51,020

 
38,739

Total impaired loans
 
$
80,387

 
$
65,314
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at March 31, 2016 and December 31, 2015, 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, 2016
 
 
 
With no related allowance recorded:
 
 
 
Business
$
10,381

$
12,874

$
—

Real estate – construction and land
2,335

3,307

—

Real estate – business
3,593

4,739

—

Real estate – personal
362

373

—

 
$
16,671

$
21,293

$
—

With an allowance recorded:
 
 
 
Business
$
34,821

$
36,845

$
2,328

Real estate – construction and land
546

6,962

67

Real estate – business
6,523

8,773

568

Real estate – personal
7,377

10,291

656

Consumer
5,945

5,945

119

Revolving home equity
541

592

31

Consumer credit card
7,963

7,963

579

 
$
63,716

$
77,371

$
4,348

Total
$
80,387

$
98,664

$
4,348

December 31, 2015
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,330

$
11,777

$
—

Real estate – construction and land
2,961

8,956

—

Real estate – business
4,793

6,264

—

Real estate – personal
373

373

—

 
$
17,457

$
27,370

$
—

With an allowance recorded:
 
 
 
Business
$
18,227

$
20,031

$
1,119

Real estate – construction and land
1,227

2,804

63

Real estate – business
6,489

9,008

745

Real estate – personal
7,667

10,530

831

Consumer
5,599

5,599

63

Revolving home equity
704

852

67

Consumer credit card
7,944

7,944

596

 
$
47,857

$
56,768

$
3,484

Total
$
65,314

$
84,138

$
3,484
Total Average Impaired Loans
Total average impaired loans for the three month periods ended March 31, 2016 and 2015, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended March 31, 2016
 
 
 
Non-accrual loans
$
21,004

$
4,623

$
25,627

Restructured loans (accruing)
27,179

17,701

44,880

Total
$
48,183

$
22,324

$
70,507

For the three months ended March 31, 2015
 
 
 
Non-accrual loans
$
31,281

$
6,258

$
37,539

Restructured loans (accruing)
22,280

19,386

41,666

Total
$
53,561

$
25,644

$
79,205
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three month periods ended March 31, 2016 and 2015, 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 13.
 
For the Three Months Ended March 31
(In thousands)
2016
2015
Interest income recognized on impaired loans:
 
 
Business
$
274

$
135

Real estate – construction and land
2

80

Real estate – business
36

15

Real estate – personal
46

53

Consumer
90

52

Revolving home equity
5

4

Consumer credit card
146

174

Total
$
599

$
513
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, 2016 and December 31, 2015.




(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, 2016
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,551,468

$
6,806

$
709

$
16,098

$
4,575,081

Real estate – construction and land
734,547

8,112

—

2,710

745,369

Real estate – business
2,379,738

9,961

—

6,234

2,395,933

Personal Banking:
 
 
 
 
 
Real estate – personal
1,890,775

6,477

2,512

4,205

1,903,969

Consumer
1,884,817

16,726

2,777

—

1,904,320

Revolving home equity
419,114

2,147

1,624

120

423,005

Consumer credit card
728,741

7,885

7,738

—

744,364

Overdrafts
5,593

236

—

—

5,829

Total
$
12,594,793

$
58,350

$
15,360

$
29,367

$
12,697,870

December 31, 2015
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,384,149

$
2,306

$
564

$
10,874

$
4,397,893

Real estate – construction and land
617,838

3,142

—

3,090

624,070

Real estate – business
2,340,919

6,762

—

7,863

2,355,544

Personal Banking:
 
 
 
 
 
Real estate – personal
1,901,330

7,117

3,081

4,425

1,915,953

Consumer
1,903,389

18,273

2,703

—

1,924,365

Revolving home equity
427,998

2,641

2,019

323

432,981

Consumer credit card
762,750

8,894

8,100

—

779,744

Overdrafts
5,834

308

—

—

6,142

Total
$
12,344,207

$
49,443

$
16,467

$
26,575

$
12,436,692
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
March 31, 2016
 
 
 
 
Pass
$
4,435,061

$
733,542

$
2,318,735

$
7,487,338

Special mention
64,964

8,026

20,180

93,170

Substandard
58,958

1,091

50,784

110,833

Non-accrual
16,098

2,710

6,234

25,042

Total
$
4,575,081

$
745,369

$
2,395,933

$
7,716,383

December 31, 2015
 
 
 
 
Pass
$
4,278,857

$
618,788

$
2,281,565

$
7,179,210

Special mention
49,302

1,033

15,009

65,344

Substandard
58,860

1,159

51,107

111,126

Non-accrual
10,874

3,090

7,863

21,827

Total
$
4,397,893

$
624,070

$
2,355,544

$
7,377,507
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, 2016 and December 31, 2015 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
March 31, 2016
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.4
%
4.6
%
1.4
%
4.3
%
600 - 659
2.8

9.2

3.9

12.5

660 - 719
9.8

22.1

15.1

32.7

720 - 779
24.7

26.5

27.1

27.9

780 and over
61.3

37.6

52.5

22.6

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2015
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.5
%
4.5
%
1.5
%
3.9
%
600 - 659
3.0

9.7

3.9

12.0

660 - 719
9.1

21.8

13.6

31.7

720 - 779
25.0

26.4

28.4

27.9

780 and over
61.4

37.6

52.6

24.5

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, 2016, 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, 2016
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
39,577

$
—

Real estate - construction and land
2,849

81

Real estate - business
4,587

—

Personal Banking:
 
 
Real estate - personal
4,995

370

Consumer
5,969

465

Revolving home equity
431

63

Consumer credit card
7,963

547

Total restructured loans
$
66,371

$
1,526