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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2016 and December 31, 2015 are as follows:

(In thousands)
 
June 30, 2016
 
December 31, 2015
Commercial:
 
 
 
 
Business
 
$
4,840,248

 
$
4,397,893

Real estate – construction and land
 
819,896

 
624,070

Real estate – business
 
2,399,271

 
2,355,544

Personal Banking:
 
 
 
 
Real estate – personal
 
1,927,340

 
1,915,953

Consumer
 
1,939,486

 
1,924,365

Revolving home equity
 
408,301

 
432,981

Consumer credit card
 
753,166

 
779,744

Overdrafts
 
4,180

 
6,142

Total loans
 
$
13,091,888

 
$
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 and six months ended June 30, 2016 and 2015, 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
$
86,027

$
66,105

$
152,132

 
$
82,086

$
69,446

$
151,532

Provision
1,569

7,647

9,216

 
5,720

12,935

18,655

Deductions:
 
 
 
 
 
 
 
   Loans charged off
661

11,984

12,645

 
2,174

23,761

25,935

   Less recoveries on loans
2,263

2,866

5,129

 
3,566

6,014

9,580

Net loan charge-offs (recoveries)
(1,602
)
9,118

7,516

 
(1,392
)
17,747

16,355

Balance June 30, 2016
$
89,198

$
64,634

$
153,832

 
$
89,198

$
64,634

$
153,832

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
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, 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
June 30, 2016
 
 
 
 
 
Commercial
$
1,571

$
49,695

 
$
87,627

$
8,009,720

Personal Banking
1,333

21,498

 
63,301

5,010,975

Total
$
2,904

$
71,193

 
$
150,928

$
13,020,695

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 June 30, 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 14.
(In thousands)
 
June 30, 2016
 
Dec. 31, 2015
Non-accrual loans
 
$
24,524

 
$
26,575

Restructured loans (accruing)
 
46,669

 
38,739

Total impaired loans
 
$
71,193

 
$
65,314
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 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
June 30, 2016
 
 
 
With no related allowance recorded:
 
 
 
Business
$
11,777

$
15,217

$
—

Real estate – construction and land
2,160

3,462

—

Real estate – business
3,072

3,261

—

Real estate – personal
352

373

—

 
$
17,361

$
22,313

$
—

With an allowance recorded:
 
 
 
Business
$
24,905

$
25,639

$
1,059

Real estate – construction and land
160

162

7

Real estate – business
7,621

9,145

505

Real estate – personal
7,419

10,310

694

Consumer
5,596

5,596

68

Revolving home equity
400

447

21

Consumer credit card
7,731

7,731

550

 
$
53,832

$
59,030

$
2,904

Total
$
71,193

$
81,343

$
2,904

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 and six month periods ended June 30, 2016 and 2015, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2016
 
 
 
Non-accrual loans
$
22,098

$
4,461

$
26,559

Restructured loans (accruing)
28,775

17,297

46,072

Total
$
50,873

$
21,758

$
72,631

For the six months ended June 30, 2016
 
 
 
Non-accrual loans
$
21,551

$
4,542

$
26,093

Restructured loans (accruing)
27,977

17,499

45,476

Total
$
49,528

$
22,041

$
71,569

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
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 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 14.
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
2016
2015
 
2016
2015
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
236

$
42

 
$
472

$
84

Real estate – construction and land
3

42

 
5

84

Real estate – business
56

15

 
112

30

Real estate – personal
42

48

 
84

96

Consumer
89

85

 
177

169

Revolving home equity
4

6

 
7

11

Consumer credit card
159

179

 
318

357

Total
$
589

$
417

 
$
1,175

$
831
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, 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
June 30, 2016
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,815,328

$
11,924

$
280

$
12,716

$
4,840,248

Real estate – construction and land
815,890

1,836

—

2,170

819,896

Real estate – business
2,388,292

3,743

2,000

5,236

2,399,271

Personal Banking:
 
 
 
 
 
Real estate – personal
1,913,469

7,083

2,495

4,293

1,927,340

Consumer
1,919,044

17,896

2,546

—

1,939,486

Revolving home equity
403,831

2,993

1,368

109

408,301

Consumer credit card
737,946

8,017

7,203

—

753,166

Overdrafts
3,917

263

—

—

4,180

Total
$
12,997,717

$
53,755

$
15,892

$
24,524

$
13,091,888

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
June 30, 2016
 
 
 
 
Pass
$
4,702,346

$
808,815

$
2,318,106

$
7,829,267

Special mention
66,786

8,561

24,770

100,117

Substandard
58,400

350

51,159

109,909

Non-accrual
12,716

2,170

5,236

20,122

Total
$
4,840,248

$
819,896

$
2,399,271

$
8,059,415

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 June 30, 2016 and December 31, 2015 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2016
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.5
%
4.3
%
1.3
%
4.0
%
600 - 659
2.8

8.9

3.9

11.8

660 - 719
9.6

21.6

13.4

31.4

720 - 779
24.4

26.2

28.4

28.0

780 and over
61.7

39.0

53.0

24.8

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 June 30, 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)
June 30, 2016
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
35,833

$
—

Real estate - construction and land
1,736

—

Real estate - business
5,457

—

Personal Banking:
 
 
Real estate - personal
4,823

683

Consumer
5,619

57

Revolving home equity
291

33

Consumer credit card
7,731

504

Total restructured loans
$
61,490

$
1,277