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Loans And Allowance For Credit Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019 are as follows:

(In thousands)
June 30, 2020December 31, 2019
Commercial:
Business$6,858,217  $5,565,449  
Real estate – construction and land932,022  899,377  
Real estate – business2,941,163  2,833,554  
Personal Banking:
Real estate – personal2,690,542  2,354,760  
Consumer1,966,707  1,964,145  
Revolving home equity334,627  349,251  
Consumer credit card666,597  764,977  
Overdrafts5,179  6,304  
Total loans (1)
$16,395,054  $14,737,817  
(1) Accrued interest receivable totaled $37.0 million at June 30, 2020 and was included within other assets on the consolidated balance sheet. For the three months ended June 30, 2020, the Company wrote-off accrued interest by reversing interest income of $115 thousand and $751 thousand in the Commercial and Personal Banking portfolios, respectively. Similarly, for the six months ended June 30, 2020, the Company wrote-off accrued interest of $169 thousand and $2.7 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 June 30, 2020 and March 31, 2020 are discussed below.

Key AssumptionJune 30, 2020March 31, 2020
Overall economic forecast
•The recovery from the Global Coronavirus Recession (GCR) is gradual
•Assumes no second wave of contagion and states continue to loosen lockdown measures
•Gradual recovery in late 2021 and into 2022
•Significant uncertainty regarding the pandemic and its impact on economy
•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
Reasonable and supportable period and related reversion period
•Two years for both commercial and personal banking loans
•Reversion to historical average loss rates within two quarters using a straight-line method
•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
Forecasted macro-economic variables
•Unemployment rate ranging from 10.9% to 5.7% during the supportable forecast period
•Real GDP growth ranges from 3.0% to 25.7%
•Prime rate of 3.25%
•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
Prepayment assumptions
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 18.7% to 23.3% for most loan pools
•58.0% for consumer credit cards
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
Qualitative factors
Added net reserves using qualitative processes related to:
•Loans originated in our recent expansion markets and loans that are designated as shared national credits
•Changes in the composition of the loan portfolios
•Loans downgraded to special mention, substandard, or non-accrual status
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
Summary Of Activity In The Allowance For Credit Losses
A summary of the activity in the allowance for credit losses on loans and the liability for unfunded lending commitments during the three and six months ended June 30, 2020 follows:

For the Three Months Ended June 30For the Six Months Ended June 30
(In thousands)
CommercialPersonal Banking

Total
CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at end of prior period$83,551  $88,102  $171,653  $91,760  $68,922  $160,682  
Adoption of ASU 2016-13—  —  —  (29,711) 8,672  (21,039) 
Balance at beginning of period$83,551  $88,102  $171,653  $62,049  $77,594  $139,643  
Provision for credit losses on loans50,245  27,246  77,491  71,353  49,006  120,359  
Deductions:
   Loans charged off3,386  7,859  11,245  3,802  21,835  25,637  
   Less recoveries on loans143  2,702  2,845  953  5,426  6,379  
Net loan charge-offs3,243  5,157  8,400  2,849  16,409  19,258  
Balance June 30, 2020$130,553  $110,191  $240,744  $130,553  $110,191  $240,744  
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at end of prior period$31,061  $1,189  $32,250  $399  $676  $1,075  
Adoption of ASU 2016-13—  —  —  16,057  33  16,090  
Balance at beginning of period$31,061  $1,189  $32,250  $16,456  $709  $17,165  
Provision for credit losses on unfunded lending commitments2,991  58  3,049  17,596  538  18,134  
Balance June 30, 2020$34,052  $1,247  $35,299  $34,052  $1,247  $35,299  
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$164,605  $111,438  $276,043  $164,605  $111,438  $276,043  
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 follows:

For the Three Months Ended June 30For the Six Months Ended June 30
(In thousands)CommercialPersonal Banking

Total
CommercialPersonal Banking
Total
Balance at beginning of period$93,643  $67,039  $160,682  $92,869  $67,063  $159,932  
Provision for loan losses(1,666) 13,472  11,806  (498) 24,767  24,269  
Deductions:
   Loans charged off419  14,039  14,458  946  28,243  29,189  
   Less recoveries on loans250  2,902  3,152  383  5,787  6,170  
Net loan charge-offs (recoveries)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  
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, 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
June 30, 2020
Commercial:
Business$6,828,267  $10,429  $487  $19,034  $6,858,217  
Real estate – construction and land931,697  216  108  1  932,022  
Real estate – business2,934,625  4,617  —  1,921  2,941,163  
Personal Banking:
Real estate – personal 2,648,795  27,531  12,537  1,679  2,690,542  
Consumer1,941,697  22,576  2,434  —  1,966,707  
Revolving home equity332,916  1,098  613  —  334,627  
Consumer credit card653,016  5,176  8,405  —  666,597  
Overdrafts5,053  126  —  —  5,179  
Total $16,276,066  $71,769  $24,584  $22,635  $16,395,054  
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 June 30, 2020 are as follows:
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016PriorRevolving Loans Amortized Cost BasisTotal
Business
    Risk Rating:
       Pass$2,203,632  $1,267,837  $559,915  $389,807  $211,735  $325,202  $1,631,883  $6,590,011  
       Special mention51,188  21,671  12,865  968  4,538  2,233  44,319  137,782  
       Substandard16,370  39,097  4,508  3,270  3,548  14,897  29,700  111,390  
       Non-accrual2,898  194  20  96  —  3,966  11,860  19,034  
   Total Business:$2,274,088  $1,328,799  $577,308  $394,141  $219,821  $346,298  $1,717,762  $6,858,217  
Real estate-construction
    Risk Rating:
       Pass$225,124  $345,970  $135,951  $74,556  $43,265  $28,420  $39,714  $893,000  
       Special mention—  —  10,148  14,465  —  —  —  24,613  
       Substandard459  200  593  13,156  —  —  —  14,408  
       Non-accrual—  —  —  —  —  1  —  1  
    Total Real estate-construction:$225,583  $346,170  $146,692  $102,177  $43,265  $28,421  $39,714  $932,022  
Real estate- business
    Risk Rating:
       Pass$484,465  $759,959  $488,680  $283,859  $352,181  $288,054  $45,955  $2,703,153  
       Special mention18,812  4,490  2,677  46,663  20,287  2,788  84  95,801  
       Substandard57,542  5,350  3,827  15,700  18,376  34,783  4,710  140,288  
       Non-accrual198  294  769  —  540  120  —  1,921  
   Total Real-estate business:$561,017  $770,093  $495,953  $346,222  $391,384  $325,745  $50,749  $2,941,163  
Commercial loans
    Risk Rating:
       Pass$2,913,221  $2,373,766  $1,184,546  $748,222  $607,181  $641,676  $1,717,552  $10,186,164  
       Special mention70,000  26,161  25,690  62,096  24,825  5,021  44,403  258,196  
       Substandard74,371  44,647  8,928  32,126  21,924  49,680  34,410  266,086  
       Non-accrual3,096  488  789  96  540  4,087  11,860  20,956  
   Total Commercial loans:$3,060,688  $2,445,062  $1,219,953  $842,540  $654,470  $700,464  $1,808,225  $10,731,402  
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 June 30, 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$630,115  $575,509  $272,310  $250,490  $269,505  $668,025  $10,372  $2,676,326  
       Over 90 days past due1,626  3,373  819  1,126  1,776  3,817  —  12,537  
       Non-accrual—  1  —  45  67  1,566  —  1,679  
   Total Real estate-personal:$631,741  $578,883  $273,129  $251,661  $271,348  $673,408  $10,372  $2,690,542  
Consumer
       Current to 90 days past due$284,923  $431,407  $218,645  $163,449  $106,543  $125,534  $633,772  $1,964,273  
       Over 90 days past due—  380  148  265  184  552  905  2,434  
    Total Consumer:$284,923  $431,787  $218,793  $163,714  $106,727  $126,086  $634,677  $1,966,707  
Revolving home equity
       Current to 90 days past due$—  $—  $—  $—  $—  $—  $334,014  $334,014  
       Over 90 days past due—  —  —  —  —  —  613  613  
   Total Revolving home equity:$—  $—  $—  $—  $—  $—  $334,627  $334,627  
Consumer credit card
       Current to 90 days past due$—  $—  $—  $—  $—  $—  $658,192  $658,192  
       Over 90 days past due—  —  —  —  —  —  8,405  8,405  
   Total Consumer credit card:$—  $—  $—  $—  $—  $—  $666,597  $666,597  
Overdrafts
       Current to 90 days past due$5,179  $—  $—  $—  $—  $—  $—  $5,179  
       Over 90 days past due—  —  —  —  —  —  —  —  
    Total Overdrafts:$5,179  $—  $—  $—  $—  $—  $—  $5,179  
Personal banking loans
       Current to 90 days past due$920,217  $1,006,916  $490,955  $413,939  $376,048  $793,559  $1,636,350  $5,637,984  
       Over 90 days past due1,626  3,753  967  1,391  1,960  4,369  9,923  23,989  
       Non-accrual—  1  —  45  67  1,566  —  1,679  
   Total Personal banking loans:$921,843  $1,010,670  $491,922  $415,375  $378,075  $799,494  $1,646,273  $5,663,652  
Amortized Cost Basis of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans as of June 30, 2020.
(In thousands)Business AssetsFuture Revenue StreamsReal EstateEnergyTotal
Commercial:
  Business$144  $3,701  $—  $14,673  $18,518  
  Real estate - business—  —  540  —  540  
Total$144  $3,701  $540  $14,673  $19,058  
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, 2020 and December 31, 2019 by FICO score.
   Personal Banking Loans
% of Loan Category
Real Estate - PersonalConsumerRevolving Home EquityConsumer Credit Card
June 30, 2020
FICO score:
Under 6001.1 %2.6 %1.3 %6.0 %
600 - 6591.9  4.2  2.8  13.6  
660 - 7198.2  14.6  8.3  33.3  
720 - 77924.5  23.5  20.4  26.6  
780 and over64.3  55.1  67.2  20.5  
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)June 30, 2020December 31, 2019
Accruing restructured loans:
Commercial
$57,918  $55,934  
Assistance programs
8,340  8,365  
Consumer bankruptcy
3,264  3,592  
Other consumer
3,202  3,621  
Non-accrual loans
7,491  7,938  
Total troubled debt restructurings
$80,215  $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 June 30, 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)June 30, 2020Balance 90 days past due at any time during previous 12 months
Commercial:
Business$27,475  $—  
Real estate - construction and land42  —  
Real estate - business36,957  —  
Personal Banking:
Real estate - personal3,818  256  
Consumer3,798  45  
Revolving home equity60  —  
Consumer credit card8,065  332  
Total troubled debt restructurings$80,215  $633  
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 and six month periods ended June 30, 2019 are shown in the table below.


(In thousands)
CommercialPersonal BankingTotal
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  
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 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 June 30For the Six Months Ended June 30
(In thousands)
20192019
Interest income recognized on impaired loans:
Business$341  $682  
Real estate – construction and land6  11  
Real estate – business116  231  
Real estate – personal31  62  
Consumer79  157  
Revolving home equity1  2  
Consumer credit card168  335  
Total$742  $1,480