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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
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, 2017 and December 31, 2016 are as follows:

(In thousands)
 
June 30, 2017
 
December 31, 2016
Commercial:
 
 
 
 
Business
 
$
4,852,408

 
$
4,776,365

Real estate – construction and land
 
848,152

 
791,236

Real estate – business
 
2,727,349

 
2,643,374

Personal Banking:
 
 
 
 
Real estate – personal
 
2,009,203

 
2,010,397

Consumer
 
2,038,514

 
1,990,801

Revolving home equity
 
403,387

 
413,634

Consumer credit card
 
740,865

 
776,465

Overdrafts
 
6,714

 
10,464

Total loans
 
$
13,626,592

 
$
13,412,736
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, 2017 and 2016, 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
$
92,951

$
64,881

$
157,832

 
$
91,361

$
64,571

$
155,932

Provision
(111
)
10,869

10,758

 
1,002

20,884

21,886

Deductions:
 
 
 
 
 
 
 
   Loans charged off
531

13,415

13,946

 
1,077

25,745

26,822

   Less recoveries on loans
430

2,758

3,188

 
1,453

5,383

6,836

Net loan charge-offs (recoveries)
101

10,657

10,758

 
(376
)
20,362

19,986

Balance June 30, 2017
$
92,739

$
65,093

$
157,832

 
$
92,739

$
65,093

$
157,832

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
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, 2017 and December 31, 2016, 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, 2017
 
 
 
 
 
Commercial
$
1,454

$
44,937

 
$
91,285

$
8,382,972

Personal Banking
1,433

20,221

 
63,660

5,178,462

Total
$
2,887

$
65,158

 
$
154,945

$
13,561,434

December 31, 2016
 
 
 
 
 
Commercial
$
1,817

$
44,795

 
$
89,544

$
8,166,180

Personal Banking
1,292

19,737

 
63,279

5,182,024

Total
$
3,109

$
64,532

 
$
152,823

$
13,348,204
Investment In Impaired Loans
The table below shows the Company’s investment in impaired loans at June 30, 2017 and December 31, 2016. 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, 2017
 
Dec. 31, 2016
Non-accrual loans
 
$
13,362

 
$
14,283

Restructured loans (accruing)
 
51,796

 
50,249

Total impaired loans
 
$
65,158

 
$
64,532
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 2017 and December 31, 2016, 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, 2017
 
 
 
With no related allowance recorded:
 
 
 
Business
$
5,566

$
9,000

$
—

Real estate – construction and land
537

752

—

 
$
6,103

$
9,752

$
—

With an allowance recorded:
 
 
 
Business
$
29,226

$
29,821

$
914

Real estate – construction and land
65

68

3

Real estate – business
9,543

10,961

537

Real estate – personal
6,286

9,258

570

Consumer
6,242

6,280

259

Revolving home equity
582

582

10

Consumer credit card
7,111

7,111

594

 
$
59,055

$
64,081

$
2,887

Total
$
65,158

$
73,833

$
2,887

December 31, 2016
 
 
 
With no related allowance recorded:
 
 
 
Business
$
7,375

$
10,470

$
—

Real estate – construction and land
557

752

—

 
$
7,932

$
11,222

$
—

With an allowance recorded:
 
 
 
Business
$
29,924

$
31,795

$
1,318

Real estate – construction and land
69

72

3

Real estate – business
6,870

8,072

496

Real estate – personal
6,394

9,199

642

Consumer
5,281

5,281

57

Revolving home equity
584

584

1

Consumer credit card
7,478

7,478

592

 
$
56,600

$
62,481

$
3,109

Total
$
64,532

$
73,703

$
3,109
Total Average Impaired Loans
Total average impaired loans for the three and six month periods ended June 30, 2017 and 2016, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2017
 
 
 
Non-accrual loans
$
9,867

$
4,539

$
14,406

Restructured loans (accruing)
34,765

15,780

50,545

Total
$
44,632

$
20,319

$
64,951

For the six months ended June 30, 2017
 
 
 
Non-accrual loans
$
10,238

$
4,027

$
14,265

Restructured loans (accruing)
33,333

15,991

49,324

Total
$
43,571

$
20,018

$
63,589

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
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 2017 and 2016, respectively, for impaired loans held at the end of each 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)
2017
2016
 
2017
2016
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
319

$
236

 
$
637

$
472

Real estate – construction and land
1

3

 
2

5

Real estate – business
88

56

 
175

112

Real estate – personal
36

42

 
71

84

Consumer
80

89

 
159

177

Revolving home equity
6

4

 
12

7

Consumer credit card
145

159

 
289

318

Total
$
675

$
589

 
$
1,345

$
1,175
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, 2017 and December 31, 2016.




(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, 2017
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,842,945

$
2,761

$
372

$
6,330

$
4,852,408

Real estate – construction and land
843,289

4,319

—

544

848,152

Real estate – business
2,721,612

3,904

—

1,833

2,727,349

Personal Banking:
 
 
 
 
 
Real estate – personal
1,997,661

6,060

1,978

3,504

2,009,203

Consumer
2,012,634

22,526

2,203

1,151

2,038,514

Revolving home equity
400,306

2,154

927

—

403,387

Consumer credit card
722,604

9,111

9,150

—

740,865

Overdrafts
6,414

300

—

—

6,714

Total
$
13,547,465

$
51,135

$
14,630

$
13,362

$
13,626,592

December 31, 2016
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,763,274

$
3,735

$
674

$
8,682

$
4,776,365

Real estate – construction and land
789,633

1,039

—

564

791,236

Real estate – business
2,639,586

2,154

—

1,634

2,643,374

Personal Banking:
 
 
 
 
 
Real estate – personal
1,995,724

9,162

2,108

3,403

2,010,397

Consumer
1,957,358

29,783

3,660

—

1,990,801

Revolving home equity
411,483

1,032

1,119

—

413,634

Consumer credit card
757,443

10,187

8,835

—

776,465

Overdrafts
10,014

450

—

—

10,464

Total
$
13,324,515

$
57,542

$
16,396

$
14,283

$
13,412,736
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, 2017
 
 
 
 
Pass
$
4,617,838

$
843,151

$
2,629,544

$
8,090,533

Special mention
180,380

1,754

44,279

226,413

Substandard
47,860

2,703

51,693

102,256

Non-accrual
6,330

544

1,833

8,707

Total
$
4,852,408

$
848,152

$
2,727,349

$
8,427,909

December 31, 2016
 
 
 
 
Pass
$
4,607,553

$
788,778

$
2,543,348

$
7,939,679

Special mention
116,642

722

45,479

162,843

Substandard
43,488

1,172

52,913

97,573

Non-accrual
8,682

564

1,634

10,880

Total
$
4,776,365

$
791,236

$
2,643,374

$
8,210,975
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, 2017 and December 31, 2016 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2017
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.2
%
3.2
%
1.0
%
4.9
%
600 - 659
2.7

5.7

1.8

14.8

660 - 719
10.6

18.5

9.5

34.8

720 - 779
26.1

26.9

21.8

25.8

780 and over
59.4

45.7

65.9

19.7

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2016
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.3
%
3.4
%
1.0
%
4.9
%
600 - 659
2.6

6.4

1.8

15.5

660 - 719
10.4

19.7

9.7

34.9

720 - 779
25.4

26.3

21.1

25.1

780 and over
60.3

44.2

66.4

19.6

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 June 30, 2017, 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, 2017
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
34,088

$
—

Real estate - construction and land
537

—

Real estate - business
7,710

—

Personal Banking:
 
 
Real estate - personal
3,995

353

Consumer
5,149

50

Revolving home equity
582

47

Consumer credit card
7,111

649

Total restructured loans
$
59,172

$
1,099