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Loans And Allowance For Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018 are as follows:

(In thousands)
 
March 31, 2019
 
December 31, 2018
Commercial:
 
 
 
 
Business
 
$
5,175,541

 
$
5,106,427

Real estate – construction and land
 
925,269

 
869,659

Real estate – business
 
2,859,614

 
2,875,788

Personal Banking:
 
 
 
 
Real estate – personal
 
2,125,087

 
2,127,083

Consumer
 
1,893,212

 
1,955,572

Revolving home equity
 
364,010

 
376,399

Consumer credit card
 
772,396

 
814,134

Overdrafts
 
5,593

 
15,236

Total loans
 
$
14,120,722

 
$
14,140,298
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, 2019 and 2018, respectively, follows:
 
 
 
For the Three Months Ended March 31
(In thousands)
 
 
Commercial
Personal Banking

Total
Balance at January 1
 
$
92,869

$
67,063

$
159,932

Provision
 
1,168

11,295

12,463

Deductions:
 
 
 
 
   Loans charged off
 
527

14,204

14,731

   Less recoveries on loans
 
133

2,885

3,018

Net loan charge-offs
 
394

11,319

11,713

Balance March 31, 2019
 
$
93,643

$
67,039

$
160,682

Balance at January 1
 
$
93,704

$
65,828

$
159,532

Provision
 
(894
)
11,290

10,396

Deductions:
 
 
 
 
   Loans charged off
 
366

13,365

13,731

   Less recoveries on loans
 
621

2,714

3,335

Net loan charge-offs (recoveries)
 
(255
)
10,651

10,396

Balance March 31, 2018
 
$
93,065

$
66,467

$
159,532
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, 2019 and December 31, 2018, disaggregated on the basis of impairment methodology. Impaired loans evaluated under Accounting Standards Codification (ASC) 310-10-35 include loans on non-accrual status, which are individually evaluated for impairment, and other impaired loans deemed to have similar risk characteristics, which 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, 2019
 
 
 
 
 
Commercial
$
1,720

$
66,739

 
$
91,923

$
8,893,685

Personal Banking
923

17,433

 
66,116

5,142,865

Total
$
2,643

$
84,172

 
$
158,039

$
14,036,550

December 31, 2018
 
 
 
 
 
Commercial
$
1,780

$
61,496

 
$
91,089

$
8,790,378

Personal Banking
916

17,120

 
66,147

5,271,304

Total
$
2,696

$
78,616

 
$
157,236

$
14,061,682
Investment In Impaired Loans
The table below shows the Company’s investment in impaired loans at March 31, 2019 and December 31, 2018. 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 below.
(In thousands)
 
Mar. 31, 2019
 
Dec. 31, 2018
Non-accrual loans
 
$
12,167

 
$
12,536

Restructured loans (accruing)
 
72,005

 
66,080

Total impaired loans
 
$
84,172

 
$
78,616
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at March 31, 2019 and December 31, 2018, 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, 2019
 
 
 
With no related allowance recorded:
 
 
 
Business
$
8,381

$
14,376

$
—

 
$
8,381

$
14,376

$
—

With an allowance recorded:
 
 
 
Business
$
46,736

$
46,873

$
1,241

Real estate – construction and land
414

419

11

Real estate – business
11,208

11,809

468

Real estate – personal
4,380

5,902

243

Consumer
5,365

5,365

34

Revolving home equity
39

39

1

Consumer credit card
7,649

7,649

645

 
$
75,791

$
78,056

$
2,643

Total
$
84,172

$
92,432

$
2,643

December 31, 2018
 
 
 
With no related allowance recorded:
 
 
 
Business
$
8,725

$
14,477

$
—

 
$
8,725

$
14,477

$
—

With an allowance recorded:
 
 
 
Business
$
40,286

$
40,582

$
1,223

Real estate – construction and land
416

421

11

Real estate – business
12,069

12,699

546

Real estate – personal
4,461

6,236

266

Consumer
5,510

5,510

38

Revolving home equity
40

40

1

Consumer credit card
7,109

7,109

611

 
$
69,891

$
72,597

$
2,696

Total
$
78,616

$
87,074

$
2,696
Total Average Impaired Loans
Total average impaired loans for the three month periods ended March 31, 2019 and 2018, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended March 31, 2019
 
 
 
Non-accrual loans
$
10,347

$
1,973

$
12,320

Restructured loans (accruing)
53,607

15,437

69,044

Total
$
63,954

$
17,410

$
81,364

For the three months ended March 31, 2018
 
 
 
Non-accrual loans
$
8,523

$
2,928

$
11,451

Restructured loans (accruing)
79,258

18,773

98,031

Total
$
87,781

$
21,701

$
109,482
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three month periods ended March 31, 2019 and 2018, 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 below.
 
 
For the Three Months Ended March 31
(In thousands)
 
2019
2018
Interest income recognized on impaired loans:
 
 
 
Business
 
$
1,008

$
760

Real estate – construction and land
 
6

24

Real estate – business
 
151

113

Real estate – personal
 
35

111

Consumer
 
80

80

Revolving home equity
 
1

2

Consumer credit card
 
146

128

Total
 
$
1,427

$
1,218
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, 2019 and December 31, 2018.




(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, 2019
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
5,154,124

$
12,178

$
670

$
8,569

$
5,175,541

Real estate – construction and land
924,028

1,237

—

4

925,269

Real estate – business
2,844,335

13,412

121

1,746

2,859,614

Personal Banking:
 
 
 
 
 
Real estate – personal
2,113,316

7,335

2,588

1,848

2,125,087

Consumer
1,866,038

24,905

2,269

—

1,893,212

Revolving home equity
362,373

1,167

470

—

364,010

Consumer credit card
751,639

10,220

10,537

—

772,396

Overdrafts
5,315

278

—

—

5,593

Total
$
14,021,168

$
70,732

$
16,655

$
12,167

$
14,120,722

December 31, 2018
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
5,086,912

$
10,057

$
473

$
8,985

$
5,106,427

Real estate – construction and land
867,692

1,963

—

4

869,659

Real estate – business
2,867,347

6,704

22

1,715

2,875,788

Personal Banking:
 
 
 
 
 
Real estate – personal
2,118,045

6,041

1,165

1,832

2,127,083

Consumer
1,916,320

35,608

3,644

—

1,955,572

Revolving home equity
374,830

875

694

—

376,399

Consumer credit card
792,334

11,140

10,660

—

814,134

Overdrafts
14,937

299

—

—

15,236

Total
$
14,038,417

$
72,687

$
16,658

$
12,536

$
14,140,298
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, 2019
 
 
 
 
Pass
$
4,954,297

$
876,805

$
2,761,215

$
8,592,317

Special mention
119,582

47,397

49,151

216,130

Substandard
93,093

1,063

47,502

141,658

Non-accrual
8,569

4

1,746

10,319

Total
$
5,175,541

$
925,269

$
2,859,614

$
8,960,424

December 31, 2018
 
 
 
 
Pass
$
4,915,042

$
866,527

$
2,777,374

$
8,558,943

Special mention
84,391

1,917

51,845

138,153

Substandard
98,009

1,211

44,854

144,074

Non-accrual
8,985

4

1,715

10,704

Total
$
5,106,427

$
869,659

$
2,875,788

$
8,851,874
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, 2019 and December 31, 2018 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
March 31, 2019
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.1
%
3.4
%
1.2
%
5.4
%
600 - 659
1.7

5.3

1.9

14.0

660 - 719
9.9

18.0

9.5

35.6

720 - 779
25.3

24.3

22.8

26.3

780 and over
62.0

49.0

64.6

18.7

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2018
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.1
%
3.1
%
0.8
%
4.4
%
600 - 659
1.8

4.8

1.7

14.0

660 - 719
9.4

16.1

9.1

34.8

720 - 779
24.7

25.7

24.0

26.4

780 and over
63.0

50.3

64.4

20.4

Total
100.0
%
100.0
%
100.0
%
100.0
%
Additional Information about Troubled Debt Restructurings [Table Text Block]
(In thousands)
March 31, 2019
December 31, 2018
Accruing restructured loans:
 
 
 
Commercial
$
56,524

$
50,904

 
Assistance programs
7,960

7,410

 
Consumer bankruptcy
3,946

4,103

 
Other consumer
3,575

3,663

Non-accrual loans
9,352

9,759

Total troubled debt restructurings
$
81,357

$
75,839
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
The table below shows the balance of troubled debt restructurings by loan classification at March 31, 2019, 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, 2019
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
54,928

$
—

Real estate - construction and land
411

—

Real estate - business
9,462

—

Personal Banking:
 
 
Real estate - personal
3,503

217

Consumer
5,365

47

Revolving home equity
39

—

Consumer credit card
7,649

685

Total troubled debt restructurings
$
81,357

$
949