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Loans And Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 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 September 30, 2019 and December 31, 2018 are as follows:

(In thousands)
 
September 30, 2019
 
December 31, 2018
Commercial:
 
 
 
 
Business
 
$
5,393,268

 
$
5,106,427

Real estate – construction and land
 
932,737

 
869,659

Real estate – business
 
2,833,146

 
2,875,788

Personal Banking:
 
 
 
 
Real estate – personal
 
2,226,663

 
2,127,083

Consumer
 
1,953,690

 
1,955,572

Revolving home equity
 
349,111

 
376,399

Consumer credit card
 
766,743

 
814,134

Overdrafts
 
7,236

 
15,236

Total loans
 
$
14,462,594

 
$
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 nine months ended September 30, 2019 and 2018, respectively, follows:
 
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at beginning of period
$
91,808

$
69,374

$
161,182

 
$
92,869

$
67,063

$
159,932

Provision
553

10,410

10,963

 
55

35,177

35,232

Deductions:
 
 
 
 
 
 
 
   Loans charged off
490

13,990

14,480

 
1,436

42,233

43,669

   Less recoveries on loans
199

2,818

3,017

 
582

8,605

9,187

Net loan charge-offs
291

11,172

11,463

 
854

33,628

34,482

Balance September 30, 2019
$
92,070

$
68,612

$
160,682

 
$
92,070

$
68,612

$
160,682

Balance at beginning of period
$
93,851

$
65,681

$
159,532

 
$
93,704

$
65,828

$
159,532

Provision
411

9,588

9,999

 
2

30,436

30,438

Deductions:
 
 
 
 
 
 
 
   Loans charged off
485

12,515

13,000

 
1,213

39,203

40,416

   Less recoveries on loans
314

2,887

3,201

 
1,598

8,580

10,178

Net loan charge-offs (recoveries)
171

9,628

9,799

 
(385
)
30,623

30,238

Balance September 30, 2018
$
94,091

$
65,641

$
159,732

 
$
94,091

$
65,641

$
159,732
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 September 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
September 30, 2019
 
 
 
 
 
Commercial
$
1,594

$
66,399

 
$
90,476

$
9,092,752

Personal Banking
905

17,283

 
67,707

5,286,160

Total
$
2,499

$
83,682

 
$
158,183

$
14,378,912

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 September 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)
 
Sept. 30, 2019
 
Dec. 31, 2018
Non-accrual loans
 
$
11,733

 
$
12,536

Restructured loans (accruing)
 
71,949

 
66,080

Total impaired loans
 
$
83,682

 
$
78,616
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at September 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
September 30, 2019
 
 
 
With no related allowance recorded:
 
 
 
Business
$
7,632

$
14,100

$
—

Real estate – business
1,364

1,364

—

 
$
8,996

$
15,464

$
—

With an allowance recorded:
 
 
 
Business
$
27,975

$
28,017

$
744

Real estate – construction and land
48

52

1

Real estate – business
29,380

29,982

849

Real estate – personal
4,736

5,922

247

Consumer
4,825

4,824

29

Revolving home equity
36

36

1

Consumer credit card
7,686

7,686

628

 
$
74,686

$
76,519

$
2,499

Total
$
83,682

$
91,983

$
2,499

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 nine month periods ended September 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 September 30, 2019
 
 
 
Non-accrual loans
$
9,655

$
1,903

$
11,558

Restructured loans (accruing)
53,517

15,644

69,161

Total
$
63,172

$
17,547

$
80,719

For the nine months ended September 30, 2019
 
 
 
Non-accrual loans
$
9,881

$
2,074

$
11,955

Restructured loans (accruing)
48,248

15,605

63,853

Total
$
58,129

$
17,679

$
75,808

For the three months ended September 30, 2018
 
 
 
Non-accrual loans
$
7,477

$
1,862

$
9,339

Restructured loans (accruing)
83,493

16,409

99,902

Total
$
90,970

$
18,271

$
109,241

For the nine months ended September 30, 2018
 
 
 
Non-accrual loans
$
7,888

$
2,261

$
10,149

Restructured loans (accruing)
81,543

17,426

98,969

Total
$
89,431

$
19,687

$
109,118
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and nine month periods ended September 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 September 30
 
For the Nine Months Ended September 30
(In thousands)
2019
2018
 
2019
2018
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
222

$
939

 
$
665

$
2,817

Real estate – construction and land
1

6

 
2

19

Real estate – business
363

110

 
1,088

329

Real estate – personal
31

47

 
92

142

Consumer
76

79

 
227

238

Revolving home equity
1

2

 
2

6

Consumer credit card
181

129

 
542

386

Total
$
875

$
1,312

 
$
2,618

$
3,937
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 September 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
September 30, 2019
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
5,365,188

$
19,334

$
993

$
7,753

$
5,393,268

Real estate – construction and land
925,805

6,918

11

3

932,737

Real estate – business
2,824,165

6,622

—

2,359

2,833,146

Personal Banking:
 
 
 
 
 
Real estate – personal
2,216,292

6,354

2,399

1,618

2,226,663

Consumer
1,926,310

25,031

2,349

—

1,953,690

Revolving home equity
347,956

994

161

—

349,111

Consumer credit card
745,438

10,910

10,395

—

766,743

Overdrafts
6,910

326

—

—

7,236

Total
$
14,358,064

$
76,489

$
16,308

$
11,733

$
14,462,594

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
September 30, 2019
 
 
 
 
Pass
$
5,225,204

$
888,688

$
2,665,880

$
8,779,772

Special mention
86,152

43,155

102,219

231,526

Substandard
74,159

891

62,688

137,738

Non-accrual
7,753

3

2,359

10,115

Total
$
5,393,268

$
932,737

$
2,833,146

$
9,159,151

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 September 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
September 30, 2019
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.2
%
3.0
%
1.0
%
5.4
%
600 - 659
2.0

4.9

2.1

14.4

660 - 719
10.0

15.8

9.6

33.2

720 - 779
28.0

25.7

22.5

26.8

780 and over
58.8

50.6

64.8

20.2

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)
September 30, 2019
December 31, 2018
Accruing restructured loans:
 
 
 
Commercial
$
56,238

$
50,904

 
Assistance programs
7,988

7,410

 
Consumer bankruptcy
3,838

4,103

 
Other consumer
3,885

3,663

Non-accrual loans
9,553

9,759

Total troubled debt restructurings
$
81,502

$
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 September 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)
September 30, 2019
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
35,139

$
—

Real estate - construction and land
45

—

Real estate - business
29,749

—

Personal Banking:
 
 
Real estate - personal
4,022

353

Consumer
4,825

48

Revolving home equity
36

—

Consumer credit card
7,686

593

Total troubled debt restructurings
$
81,502

$
994