Loans And Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 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 December 31, 2019 and 2018 are as follows:

(In thousands)	2019		2018
Commercial:
Business	$	5,565,449	$	5,106,427
Real estate — construction and land	899,377		869,659
Real estate — business	2,833,554		2,875,788
Personal Banking:
Real estate — personal	2,354,760		2,127,083
Consumer	1,964,145		1,955,572
Revolving home equity	349,251		376,399
Consumer credit card	764,977		814,134
Overdrafts	6,304		15,236
Total loans	$	14,737,817	$	14,140,298

Loans To Directors And Executive Officers

Loans to directors and executive officers of the Parent and the Bank, and to their affiliates, are summarized as follows:

(In thousands)
Balance at January 1, 2019	$	46,728
Additions	133,607
Amounts collected	(123,956		)
Amounts written off	—
Balance, December 31, 2019	$	56,379

Summary Of Activity In The Allowance For Loan Losses

A summary of the activity in the allowance for losses during the previous three years follows:

(In thousands)	Commercial			Personal Banking		Total
Balance at December 31, 2016	$	91,361		$	64,571	$	155,932
Provision for loan losses	2,327			42,917		45,244
Deductions:
Loans charged off	2,538			52,641		55,179
Less recoveries	2,554			10,981		13,535
Net loans charged off (recoveries)	(16		)	41,660		41,644
Balance at December 31, 2017	93,704			65,828		159,532
Provision for loan losses	254			42,440		42,694
Deductions:
Loans charged off	3,164			52,657		55,821
Less recoveries	2,075			11,452		13,527
Net loans charged off	1,089			41,205		42,294
Balance at December 31, 2018	92,869			67,063		159,932
Provision for loan losses	2,816			47,622		50,438
Deductions:
Loans charged off	4,711			57,169		61,880
Less recoveries	786			11,406		12,192
Net loans charged off	3,925			45,763		49,688
Balance at December 31, 2019	$	91,760		$	68,922	$	160,682

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 December 31, 2019 and 2018, 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 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
December 31, 2019
Commercial	$	1,629	$	64,500	$	90,131	$	9,233,880
Personal Banking	1,117		17,232		67,805		5,422,205
Total	$	2,746	$	81,732	$	157,936	$	14,656,085
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

(In thousands)	2019		2018
Non-accrual loans	$	10,220	$	12,536
Restructured loans (accruing)	71,512		66,080
Total impaired loans	$	81,732	$	78,616

Additional Information About Impaired Loans Held

The following table provides additional information about impaired loans held by the Company at December 31, 2019 and 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
December 31, 2019
With no related allowance recorded:
Business	$	7,054	$	13,738	$	—
	$	7,054	$	13,738	$	—
With an allowance recorded:
Business	$	30,437	$	30,487	$	837
Real estate – construction and land	46		51		1
Real estate – business	26,963		27,643		791
Real estate – personal	4,729		5,968		258
Consumer	4,421		4,421		35
Revolving home equity	35		35		1
Consumer credit card	8,047		8,047		823
	$	74,678	$	76,652	$	2,746
Total	$	81,732	$	90,390	$	2,746
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 during 2019 and 2018 are shown in the table below.

	2019						2018
(In thousands)	Commercial		Personal Banking		Total		Commercial		Personal Banking		Total
Average impaired loans:
Non-accrual loans	$	9,892	$	2,031	$	11,923	$	7,619	$	2,122	$	9,741
Restructured loans (accruing)	49,544		15,667		65,211		73,261		16,526		89,787
Total	$	59,436	$	17,698	$	77,134	$	80,880	$	18,648	$	99,528

Interest Income Recognized On Impaired Loans

The table below shows interest income recognized during the years ended December 31, 2019, 2018 and 2017 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 below.

	Years Ended December 31
(In thousands)	2019		2018		2017
Interest income recognized on impaired loans:
Business	$	1,329	$	2,219	$	3,135
Real estate – construction and land	2		25		41
Real estate – business	1,456		558		514
Real estate – personal	136		139		402
Consumer	286		305		307
Revolving home equity	3		3		10
Consumer credit card	828		746		673
Total	$	4,040	$	3,995	$	5,082

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 December 31, 2019 and 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
December 31, 2019
Commercial:
Business	$	5,545,104	$	12,064	$	792	$	7,489	$	5,565,449
Real estate – construction and land	882,826		13,046		3,503		2		899,377
Real estate – business	2,830,494		2,030		—		1,030		2,833,554
Personal Banking:
Real estate – personal	2,345,243		6,129		1,689		1,699		2,354,760
Consumer	1,928,082		34,053		2,010		—		1,964,145
Revolving home equity	347,258		1,743		250		—		349,251
Consumer credit card	742,659		10,703		11,615		—		764,977
Overdrafts	5,972		332		—		—		6,304
Total	$	14,627,638	$	80,100	$	19,859	$	10,220	$	14,737,817
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 material 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
December 31, 2019
Pass	$	5,393,928	$	856,364	$	2,659,827	$	8,910,119
Special mention	80,089		42,541		92,626		215,256
Substandard	83,943		470		80,071		164,484
Non-accrual	7,489		2		1,030		8,521
Total	$	5,565,449	$	899,377	$	2,833,554	$	9,298,380
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

The credit quality of Personal Banking loans is monitored primarily on the basis of aging/delinquency, and this information is provided in the table in the above section on "Delinquent and non-accrual loans". In addition, FICO scores are obtained and updated on a quarterly basis for most of the loans in the Personal Banking portfolio. This is a published credit score designed to measure the risk of default by taking into account various factors from a borrower's financial history. The bank normally obtains a FICO score at the loan's origination and renewal dates, and updates are obtained on a quarterly basis. Excluded from the table below are certain personal real estate loans for which FICO scores are not obtained because the loans generally pertain to commercial customer activities and are often underwritten with other collateral considerations. These loans totaled $198.2 million at December 31, 2019 and $201.7 million at December 31, 2018. The table also excludes consumer loans related to the Company's patient healthcare loan program, which totaled $199.2 million at December 31, 2019 and $170.3 million at December 31, 2018. As the healthcare loans are guaranteed by the hospital, customer FICO scores are not obtained for these loans. The personal real estate loans and consumer loans excluded below totaled less than 8% of the Personal Banking portfolio. For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at December 31, 2019 and 2018 by FICO score.

	Personal Banking Loans
	% of Loan Category
	Real Estate - Personal		Consumer		Revolving Home Equity		Consumer Credit Card
December 31, 2019
FICO score:
Under 600	1.0	%	3.0	%	1.7	%	5.6	%
600 – 659	1.9		5.2		1.9		14.3
660 – 719	9.2		15.4		9.0		32.2
720 – 779	25.7		27.0		21.5		26.6
780 and over	62.2		49.4		65.9		21.3
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]

		December 31
(In thousands)		2019		2018
Accruing loans:
	Commercial	$	55,934	$	50,904
	Assistance programs	8,365		7,410
	Consumer bankruptcy	3,592		4,103
	Other consumer	3,621		3,663
Non-accrual loans		7,938		9,759
Total troubled debt restructurings		$	79,450	$	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 December 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)	December 31, 2019		Balance 90 days past due at any time during previous 12 months
Commercial:
Business	$	37,055	$	—
Real estate – construction and land	44		—
Real estate – business	25,933		—
Personal Banking:
Real estate – personal	3,915		347
Consumer	4,421		83
Revolving home equity	35		—
Consumer credit card	8,047		987
Total troubled debt restructurings	$	79,450	$	1,417