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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2019 and December 31, 2018 are as follows:

(In thousands)
 
June 30, 2019
 
December 31, 2018
Commercial:
 
 
 
 
Business
 
$
5,257,682

 
$
5,106,427

Real estate – construction and land
 
909,784

 
869,659

Real estate – business
 
2,867,831

 
2,875,788

Personal Banking:
 
 
 
 
Real estate – personal
 
2,160,515

 
2,127,083

Consumer
 
1,927,623

 
1,955,572

Revolving home equity
 
357,406

 
376,399

Consumer credit card
 
776,333

 
814,134

Overdrafts
 
3,074

 
15,236

Total loans
 
$
14,260,248

 
$
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 and six months ended June 30, 2019 and 2018, 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
$
93,643

$
67,039

$
160,682

 
$
92,869

$
67,063

$
159,932

Provision
(1,666
)
13,472

11,806

 
(498
)
24,767

24,269

Deductions:
 
 
 
 
 
 
 
   Loans charged off
419

14,039

14,458

 
946

28,243

29,189

   Less recoveries on loans
250

2,902

3,152

 
383

5,787

6,170

Net loan charge-offs
169

11,137

11,306

 
563

22,456

23,019

Balance June 30, 2019
$
91,808

$
69,374

$
161,182

 
$
91,808

$
69,374

$
161,182

Balance at beginning of period
$
93,065

$
66,467

$
159,532

 
$
93,704

$
65,828

$
159,532

Provision
485

9,558

10,043

 
(409
)
20,848

20,439

Deductions:
 
 
 
 
 
 
 
   Loans charged off
362

13,323

13,685

 
728

26,688

27,416

   Less recoveries on loans
663

2,979

3,642

 
1,284

5,693

6,977

Net loan charge-offs (recoveries)
(301
)
10,344

10,043

 
(556
)
20,995

20,439

Balance June 30, 2018
$
93,851

$
65,681

$
159,532

 
$
93,851

$
65,681

$
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 June 30, 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
June 30, 2019
 
 
 
 
 
Commercial
$
906

$
38,876

 
$
90,902

$
8,996,421

Personal Banking
997

17,634

 
68,377

5,207,317

Total
$
1,903

$
56,510

 
$
159,279

$
14,203,738

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 June 30, 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)
 
June 30, 2019
 
Dec. 31, 2018
Non-accrual loans
 
$
11,133

 
$
12,536

Restructured loans (accruing)
 
45,377

 
66,080

Total impaired loans
 
$
56,510

 
$
78,616
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 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
June 30, 2019
 
 
 
With no related allowance recorded:
 
 
 
Business
$
8,298

$
14,582

$
—

 
$
8,298

$
14,582

$
—

With an allowance recorded:
 
 
 
Business
$
22,740

$
22,745

$
608

Real estate – construction and land
412

417

10

Real estate – business
7,426

8,011

288

Real estate – personal
4,628

5,933

227

Consumer
5,138

5,138

40

Revolving home equity
38

38

1

Consumer credit card
7,830

7,830

729

 
$
48,212

$
50,112

$
1,903

Total
$
56,510

$
64,694

$
1,903

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 and six month periods ended June 30, 2019 and 2018, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2019
 
 
 
Non-accrual loans
$
9,649

$
2,347

$
11,996

Restructured loans (accruing)
37,621

15,731

53,352

Total
$
47,270

$
18,078

$
65,348

For the six months ended June 30, 2019
 
 
 
Non-accrual loans
$
9,996

$
2,161

$
12,157

Restructured loans (accruing)
45,570

15,585

61,155

Total
$
55,566

$
17,746

$
73,312

For the three months ended June 30, 2018
 
 
 
Non-accrual loans
$
7,676

$
2,005

$
9,681

Restructured loans (accruing)
81,832

17,122

98,954

Total
$
89,508

$
19,127

$
108,635

For the six months ended June 30, 2018
 
 
 
Non-accrual loans
$
8,097

$
2,464

$
10,561

Restructured loans (accruing)
80,552

17,943

98,495

Total
$
88,649

$
20,407

$
109,056
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 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 June 30
 
For the Six Months Ended June 30
(In thousands)
2019
2018
 
2019
2018
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
341

$
821

 
$
682

$
1,641

Real estate – construction and land
6

22

 
11

44

Real estate – business
116

147

 
231

294

Real estate – personal
31

52

 
62

103

Consumer
79

82

 
157

164

Revolving home equity
1

1

 
2

2

Consumer credit card
168

159

 
335

317

Total
$
742

$
1,284

 
$
1,480

$
2,565
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, 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
June 30, 2019
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
5,240,438

$
8,279

$
537

$
8,428

$
5,257,682

Real estate – construction and land
858,371

51,410

—

3

909,784

Real estate – business
2,865,016

1,865

—

950

2,867,831

Personal Banking:
 
 
 
 
 
Real estate – personal
2,148,788

7,281

2,694

1,752

2,160,515

Consumer
1,900,464

24,503

2,656

—

1,927,623

Revolving home equity
356,410

413

583

—

357,406

Consumer credit card
756,615

9,656

10,062

—

776,333

Overdrafts
2,802

272

—

—

3,074

Total
$
14,128,904

$
103,679

$
16,532

$
11,133

$
14,260,248

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
June 30, 2019
 
 
 
 
Pass
$
5,036,253

$
868,794

$
2,736,865

$
8,641,912

Special mention
151,107

39,949

87,707

278,763

Substandard
61,894

1,038

42,309

105,241

Non-accrual
8,428

3

950

9,381

Total
$
5,257,682

$
909,784

$
2,867,831

$
9,035,297

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 June 30, 2019 and December 31, 2018 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2019
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.3
%
3.1
%
0.9
%
5.3
%
600 - 659
2.1

4.8

2.0

14.3

660 - 719
10.0

16.6

9.8

33.1

720 - 779
26.1

25.8

21.7

26.9

780 and over
60.5

49.7

65.6

20.4

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)
June 30, 2019
December 31, 2018
Accruing restructured loans:
 
 
 
Commercial
$
29,450

$
50,904

 
Assistance programs
8,129

7,410

 
Consumer bankruptcy
3,737

4,103

 
Other consumer
4,061

3,663

Non-accrual loans
8,447

9,759

Total troubled debt restructurings
$
53,824

$
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 June 30, 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)
June 30, 2019
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
30,112

$
—

Real estate - construction and land
409

—

Real estate - business
6,477

—

Personal Banking:
 
 
Real estate - personal
3,820

217

Consumer
5,138

124

Revolving home equity
38

—

Consumer credit card
7,830

802

Total troubled debt restructurings
$
53,824

$
1,143