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Loans And Allowance For Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Loans And Allowance For Credit Losses [Abstract]  
Summary Classification Of Held For Investment Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at March 31, 2020 and December 31, 2019 are as follows:

(In thousands)
March 31, 2020December 31, 2019
Commercial:
Business$5,773,865  $5,565,449  
Real estate – construction and land873,402  899,377  
Real estate – business2,960,308  2,833,554  
Personal Banking:
Real estate – personal2,464,819  2,354,760  
Consumer1,941,787  1,964,145  
Revolving home equity349,735  349,251  
Consumer credit card706,753  764,977  
Overdrafts3,143  6,304  
Total loans (1)
$15,073,812  $14,737,817  
(1) Accrued interest receivable totaled $38.1 million at March 31, 2020 and was included within other assets on the consolidated balance sheet. For the three months ended March 31, 2020, the Company wrote-off accrued interest by reversing interest income of $54 thousand and $1.9 million in the Commercial and Personal Banking portfolios, respectively.
CECL Model Inputs
Key model assumptions in the Company’s allowance for credit loss model include the forecast, the reasonable and supportable period, prepayment assumptions and qualitative factors applied for portfolio composition changes or credit administration changes. The assumptions utilized in estimating the Company’s allowance for credit losses at March 31, 2020 and January 1, 2020 (implementation) are discussed below.

Key AssumptionMarch 31, 2020January 1, 2020 (implementation)
Overall economic forecast
•Immediate, sharp recession caused by unprecedented pandemic event, COVID-19
•Extremely low interest rates
•Recovery into 2021
•Significant uncertainty regarding the severity and duration of the pandemic's impact on the economy
Stable economic environment with slight positive growth projections in overall economic indicators, short-term and long-term, reflecting low unemployment in a late-stage economic cycle
Reasonable and supportable period and related reversion period
•One year for commercial loans
•Two years for personal banking loans
•Reversion to historical average loss rates within two quarters using a straight-line method
Same as March 31, 2020
Forecasted macro-economic variables
•Unemployment rate ranging from 3.6% to 6.0% during the supportable forecast period
•Real GDP growth ranges from -11.3% to 13.8%
•Prime rate ranges from 3.3% to 4.2%
•See "Qualitative factors" below for qualitative adjustments made to the forecasted macro-economic variables stated herein
•Unemployment rate ranges from 3.4% to 3.8% during the supportable forecast period
•Real GDP growth ranges from 1.2% to 1.8%
•Prime rate ranges from 4.6% to 4.8%
•See "Qualitative factors" below for qualitative adjustments made to the forecasted macro-economic variables stated herein
Prepayment assumptions
Commercial loans
•5% for most loan pools
Personal banking loans
◦Ranging from 16.5% to 24.0% for most loan pools
•58.1% for consumer credit cards
Commercial loans
•5% for most loan pools
Personal banking loans
◦Ranging from 14.9% to 25.6% for most loan pools
•57.2% for consumer credit cards
Qualitative factors
Added reserves using qualitative processes related to:
•Increase loss rates to reflect a recession past 2020 and higher unemployment
•Loans originated in our recent expansion markets
•Loans that are designated as shared national credits
•Loans downgraded to special mention, substandard, or non-accrual status
Added reserves using qualitative processes related to:
•Loans originated in our recent expansion markets
•Loans that are designated as shared national credits
•Loans downgraded to special mention, substandard, or non-accrual status
Summary Of Activity In The Allowance For Credit Losses
A summary of the activity in the allowance for credit losses on loans during the three months ended March 31, 2020 follows:

For the Three Months Ended March 31
(In thousands)
CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at December 31, 2019$91,760  $68,922  $160,682  
Adoption of ASU 2016-13(29,711) 8,672  (21,039) 
Balance at January 1$62,049  $77,594  $139,643  
Provision for credit losses on loans21,108  21,760  42,868  
Deductions:
   Loans charged off416  13,976  14,392  
   Less recoveries on loans810  2,724  3,534  
Net loan charge-offs (recoveries)(394) 11,252  10,858  
Balance March 31, 2020  $83,551  $88,102  $171,653  
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at December 31, 2019$399  $676  $1,075  
Adoption of ASU 2016-1316,057  33  16,090  
Balance at January 1$16,456  $709  $17,165  
Provision for credit losses on unfunded lending commitments14,605  480  15,085  
Balance March 31, 2020  $31,061  $1,189  $32,250  
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$114,612  $89,291  $203,903  
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 follows:

For the Three Months Ended March 31
(In thousands) CommercialPersonal Banking
Total
Balance at January 1$92,869  $67,063  $159,932  
Provision for loan losses  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 (recoveries)394  11,319  11,713  
Balance March 31, 2019$93,643  $67,039  $160,682  
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, 2020 and December 31, 2019.



(In thousands)
Current or Less Than 30 Days Past Due

30 – 89
Days Past Due
90 Days Past Due and Still AccruingNon-accrual



Total
March 31, 2020
Commercial:
Business$5,750,172  $15,927  $410  $7,356  $5,773,865  
Real estate – construction and land853,400  19,997  3  2  873,402  
Real estate – business2,954,825  3,771  180  1,532  2,960,308  
Personal Banking:
Real estate – personal 2,450,868  9,952  2,256  1,743  2,464,819  
Consumer1,911,853  27,724  2,210  —  1,941,787  
Revolving home equity347,992  1,208  535  —  349,735  
Consumer credit card687,394  8,433  10,926  —  706,753  
Overdrafts2,904  239  —  —  3,143  
Total $14,959,408  $87,251  $16,520  $10,633  $15,073,812  
December 31, 2019
Commercial:
Business$5,545,104  $12,064  $792  $7,489  $5,565,449  
Real estate – construction and land882,826  13,046  3,503  2  899,377  
Real estate – business2,830,494  2,030  —  1,030  2,833,554  
Personal Banking:
Real estate – personal 2,345,243  6,129  1,689  1,699  2,354,760  
Consumer1,928,082  34,053  2,010  —  1,964,145  
Revolving home equity347,258  1,743  250  —  349,251  
Consumer credit card742,659  10,703  11,615  —  764,977  
Overdrafts5,972  332  —  —  6,304  
Total $14,627,638  $80,100  $19,859  $10,220  $14,737,817  
Risk Category of Loans in Commercial Portfolio
The risk category of loans in the Commercial portfolio as of March 31, 2020 are as follows:
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisTotal
Business
    Risk Rating:
       Pass$564,816  $1,429,136  $627,725  $424,625  $236,325  $364,452  $1,907,436  $5,554,515  
       Special mention40,720  14,556  596  2,704  2,699  712  27,422  89,409  
       Substandard12,032  22,378  4,732  4,957  1,944  15,378  61,164  122,585  
       Non-accrual2,876  87  —  96  —  4,297  —  7,356  
   Total Business:$620,444  $1,466,157  $633,053  $432,382  $240,968  $384,839  $1,996,022  $5,773,865  
Real estate-construction
    Risk Rating:
       Pass$84,761  $386,165  $158,298  $88,418  $57,393  $1,228  $44,130  $820,393  
       Special mention—  1,163  10,110  13,143  —  27,535  —  51,951  
       Substandard462  —  594  —  —  —  —  1,056  
       Non-accrual—  —  —  —  —  2  —  2  
    Total Real estate-construction:$85,223  $387,328  $169,002  $101,561  $57,393  $28,765  $44,130  $873,402  
Real estate- business
    Risk Rating:
       Pass$252,996  $805,807  $524,329  $338,898  $428,528  $341,534  $67,584  $2,759,676  
       Special mention962  6,243  1,057  58,589  9,896  4,022  42  80,811  
       Substandard3,688  7,348  5,159  44,689  14,052  37,988  5,365  118,289  
       Non-accrual—  316  542  —  540  134  —  1,532  
   Total Real-estate business:$257,646  $819,714  $531,087  $442,176  $453,016  $383,678  $72,991  $2,960,308  
Commercial loans
    Risk Rating:
       Pass$902,573  $2,621,108  $1,310,352  $851,941  $722,246  $707,214  $2,019,150  $9,134,584  
       Special mention41,682  21,962  11,763  74,436  12,595  32,269  27,464  222,171  
       Substandard16,182  29,726  10,485  49,646  15,996  53,366  66,529  241,930  
       Non-accrual2,876  403  542  96  540  4,433  —  8,890  
   Total Commercial loans:$963,313  $2,673,199  $1,333,142  $976,119  $751,377  $797,282  $2,113,143  $9,607,575  
Credit Quality of the Commercial Loan Portfolio
Information about the credit quality of the Commercial loan portfolio as of December 31, 2019 follows:

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 mention80,089  42,541  92,626  215,256  
Substandard83,943  470  80,071  164,484  
Non-accrual7,489  2  1,030  8,521  
Total $5,565,449  $899,377  $2,833,554  $9,298,380  
Credit Quality of Personal Banking Loan Portfolio
The credit quality of Personal Banking loans is monitored primarily on the basis of aging/delinquency, and this information is provided as of March 31, 2020 below:
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisTotal
Real estate-personal
       Current to 90 days past due$230,746  $623,695  $298,166  $273,521  $291,938  $731,052  $11,702  $2,460,820  
       Over 90 days past due—  535  37  45  734  765  140  2,256  
       Non-accrual—  1  —  47  68  1,627  —  1,743  
   Total Real estate-personal:$230,746  $624,231  $298,203  $273,613  $292,740  $733,444  $11,842  $2,464,819  
Consumer
       Current to 90 days past due$129,190  $481,531  $250,426  $193,273  $126,054  $153,143  $605,960  $1,939,577  
       Over 90 days past due—  429  140  281  248  409  703  2,210  
    Total Consumer:$129,190  $481,960  $250,566  $193,554  $126,302  $153,552  $606,663  $1,941,787  
Revolving home equity
       Current to 90 days past due$—  $—  $—  $—  $—  $—  $349,200  $349,200  
       Over 90 days past due—  —  —  —  —  —  535  535  
   Total Revolving home equity:$—  $—  $—  $—  $—  $—  $349,735  $349,735  
Consumer credit card
       Current to 90 days past due$—  $—  $—  $—  $—  $—  $695,827  $695,827  
       Over 90 days past due—  —  —  —  —  —  10,926  10,926  
   Total Consumer credit card:$—  $—  $—  $—  $—  $—  $706,753  $706,753  
Overdrafts
       Current to 90 days past due$3,143  $—  $—  $—  $—  $—  $—  $3,143  
       Over 90 days past due—  —  —  —  —  —  —  —  
    Total Overdrafts:$3,143  $—  $—  $—  $—  $—  $—  $3,143  
Personal banking loans
       Current to 90 days past due$363,079  $1,105,226  $548,592  $466,794  $417,992  $884,195  $1,662,689  $5,448,567  
       Over 90 days past due—  964  177  326  982  1,174  12,304  15,927  
       Non-accrual—  1  —  47  68  1,627  —  1,743  
   Total Personal banking loans:$363,079  $1,106,191  $548,769  $467,167  $419,042  $886,996  $1,674,993  $5,466,237  
Amortized Cost Basis of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans as of March 31, 2020.
(In thousands)Business AssetsFuture Revenue StreamsReal EstateEnergyTotal
Commercial:
  Business$149  $3,996  $—  $2,876  $7,020  
  Real estate - business—  —  540  —  540  
Total$149  $3,996  $540  $2,876  $7,560  
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, 2020 and December 31, 2019 by FICO score.
   Personal Banking Loans
% of Loan Category
Real Estate - PersonalConsumerRevolving Home EquityConsumer Credit Card
March 31, 2020
FICO score:
Under 6001.1 %3.1 %1.5 %5.7 %
600 - 6591.9  4.7  2.5  14.6  
660 - 7198.9  16.1  9.5  34.5  
720 - 77926.1  25.4  22.5  26.1  
780 and over62.0  50.7  64.0  19.1  
Total100.0 %100.0 %100.0 %100.0 %
December 31, 2019
FICO score:
Under 6001.0 %3.0 %1.7 %5.6 %
600 - 6591.9  5.2  1.9  14.3  
660 - 7199.2  15.4  9.0  32.2  
720 - 77925.7  27.0  21.5  26.6  
780 and over62.2  49.4  65.9  21.3  
Total100.0 %100.0 %100.0 %100.0 %
Additional Information about Troubled Debt Restructurings
(In thousands)March 31, 2020December 31, 2019
Accruing restructured loans:
Commercial
$64,369  $55,934  
Assistance programs
8,590  8,365  
Consumer bankruptcy
3,301  3,592  
Other consumer
3,245  3,621  
Non-accrual loans
7,782  7,938  
Total troubled debt restructurings
$87,287  $79,450  
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, 2020, 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, 2020Balance 90 days past due at any time during previous 12 months
Commercial:
Business$43,793  $—  
Real estate - construction and land43  —  
Real estate - business27,448  —  
Personal Banking:
Real estate - personal3,816  209  
Consumer3,858  79  
Revolving home equity33  —  
Consumer credit card8,296  1,059  
Total troubled debt restructurings$87,287  $1,347  
Investment In Impaired Loans
The table below shows the Company’s balances of impaired loans at December 31, 2019. 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 above.

(In thousands)Dec. 31, 2019
Non-accrual loans$10,220  
Restructured loans (accruing)71,512  
Total impaired loans$81,732  
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 December 31, 2019, 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 LoansAll Other Loans

(In thousands)
Allowance for Loan LossesLoans OutstandingAllowance for Loan LossesLoans Outstanding
December 31, 2019
Commercial$1,629  $64,500  $90,131  $9,233,880  
Personal Banking1,117  17,232  67,805  5,422,205  
Total$2,746  $81,732  $157,936  $14,656,085  
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at December 31, 2019, 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 land46  51  1  
Real estate – business26,963  27,643  791  
Real estate – personal4,729  5,968  258  
Consumer4,421  4,421  35  
Revolving home equity35  35  1  
Consumer credit card8,047  8,047  823  
$74,678  $76,652  $2,746  
Total$81,732  $90,390  $2,746  
Total Average Impaired Loans
Total average impaired loans for the three month period ended March 31, 2019 are shown in the table below.


(In thousands)
CommercialPersonal BankingTotal
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  
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three month period ended March 31, 2019, 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 above.

For the Three Months Ended March 31
(In thousands)
2019
Interest income recognized on impaired loans:
Business$1,008  
Real estate – construction and land6  
Real estate – business151  
Real estate – personal35  
Consumer80  
Revolving home equity1  
Consumer credit card146  
Total$1,427