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Loans And Allowance For Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Summary Classification Of Held For Investment Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at March 31, 2023 and December 31, 2022 are as follows:

(In thousands)
March 31, 2023December 31, 2022
Commercial:
Business$5,704,467 $5,661,725 
Real estate – construction and land1,437,419 1,361,095 
Real estate – business3,486,543 3,406,981 
Personal Banking:
Real estate – personal2,952,042 2,918,078 
Consumer2,094,389 2,059,088 
Revolving home equity295,478 297,207 
Consumer credit card558,669 584,000 
Overdrafts6,515 14,957 
Total loans$16,535,522 $16,303,131 
CECL Model Inputs
Key assumptions in the Company’s allowance for credit loss model include the economic forecast, the reasonable and supportable period, forecasted macro-economic variables, prepayment assumptions and qualitative factors applied for portfolio composition changes, underwriting practices, or significant unique events or conditions. The assumptions utilized in estimating the Company’s allowance for credit losses at March 31, 2023 and December 31, 2022 are discussed below.

Key AssumptionMarch 31, 2023December 31, 2022
Overall economic forecast
•Mild recession to start 3rd quarter of 2023
•Assume the Federal Reserve will continue raising interest rates
•Mild recession is expected to weaken employment
•Continued high inflation and higher cost of borrowing create a mild recession in 2023 with stalled job growth and possible job losses
•Assumes interest rates hikes will taper
Reasonable and supportable period and related reversion period
•Reasonable and supportable period of one year
•Reversion to historical average loss within 2 quarters using straight-line method
•Reasonable and supportable period of one year
•Reversion to historical average loss within 2 quarters using straight-line method
Forecasted macro-economic variables
•Unemployment rate ranges from 3.7% to 5.3% during the supportable forecast period
•Real GDP growth ranges from (.5)% to 2.0%
•BBB corporate yield from 5.3% to 5.8%
•House Price Index from 280.2 to 282.0
•Unemployment rate ranges from 3.8% to 4.7% during the supportable forecast period
•Real GDP growth ranging from (.9)% to 1.3%
•BBB corporate yield from 5.1% to 5.8%
•House Price Index from 280.9 to 284.6
Prepayment assumptions
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 6.45% to 22.4% for most loan pools
•Consumer credit cards 67.5%
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 8.3% to 24.8% for most loan pools
•Consumer credit cards 67.9%
Qualitative factors
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain portfolios sensitive to pandemic economic uncertainties
•Certain portfolios sensitive to unusually high rate of inflation and supply chain issues
•Loans downgraded to special mention, substandard, or non-accrual status
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain portfolios sensitive to pandemic economic uncertainties
•Certain portfolios sensitive to unusually high rate of inflation and supply chain issues
•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 months ended March 31, 2023 and 2022, respectively, follows:

For the Three Months Ended March 31, 2023
(In thousands)CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at beginning of period$103,293 $46,843 $150,136 
Provision for credit losses on loans5,548 10,400 15,948 
Deductions:
   Loans charged off292 8,756 9,048 
   Less recoveries on loans66 2,215 2,281 
Net loan charge-offs (recoveries)226 6,541 6,767 
Balance March 31, 2023$108,615 $50,702 $159,317 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at beginning of period$31,743 $1,377 $33,120 
Provision for credit losses on unfunded lending commitments(4,638)146 (4,492)
Balance March 31, 2023$27,105 $1,523 $28,628 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$135,720 $52,225 $187,945 

For the Three Months Ended March 31, 2022
(In thousands)CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at beginning of period$97,776 $52,268 $150,044 
Provision for credit losses on loans(2,879)(7,807)(10,686)
Deductions:
   Loans charged off177 7,285 7,462 
   Less recoveries on loans107 2,707 2,814 
Net loan charge-offs (recoveries)70 4,578 4,648 
Balance March 31, 2022$94,827 $39,883 $134,710 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at beginning of period$23,271 $933 $24,204 
Provision for credit losses on unfunded lending commitments509 319 828 
Balance March 31, 2022$23,780 $1,252 $25,032 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$118,607 $41,135 $159,742 
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, 2023 and December 31, 2022.



(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, 2023
Commercial:
Business$5,692,966 $4,644 $496 $6,361 $5,704,467 
Real estate – construction and land1,432,344 4,646 429 — 1,437,419 
Real estate – business3,483,425 2,947 — 171 3,486,543 
Personal Banking:
Real estate – personal 2,937,474 8,375 4,924 1,269 2,952,042 
Consumer2,067,340 25,134 1,915 — 2,094,389 
Revolving home equity293,783 846 849 — 295,478 
Consumer credit card547,228 5,254 6,187 — 558,669 
Overdrafts6,189 326 — — 6,515 
Total $16,460,749 $52,172 $14,800 $7,801 $16,535,522 
December 31, 2022
Commercial:
Business$5,652,710 $1,759 $505 $6,751 $5,661,725 
Real estate – construction and land1,361,095 — — — 1,361,095 
Real estate – business3,406,207 585 — 189 3,406,981 
Personal Banking:
Real estate – personal 2,895,742 14,289 6,681 1,366 2,918,078 
Consumer2,031,827 25,089 2,172 — 2,059,088 
Revolving home equity295,303 1,201 703 — 297,207 
Consumer credit card572,213 6,238 5,549 — 584,000 
Overdrafts14,090 647 220 — 14,957 
Total $16,229,187 $49,808 $15,830 $8,306 $16,303,131 
Risk Category of Loans in Commercial Portfolio
The risk category of loans in the Commercial portfolio as of March 31, 2023 and December 31, 2022 are as follows:

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2023
Business
    Risk Rating:
       Pass$526,988 $1,268,330 $716,669 $374,953 $334,438 $369,983 $2,008,711 $5,600,072 
       Special mention14,056 1,606 4,460 7,330 513 1,643 676 30,284 
       Substandard1,127 6,188 10,059 17,261 503 10,732 21,880 67,750 
       Non-accrual— 158 1,818 33 1 4,280 71 6,361 
   Total Business:$542,171 $1,276,282 $733,006 $399,577 $335,455 $386,638 $2,031,338 $5,704,467 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $292 $292 
Real estate-construction
    Risk Rating:
       Pass$156,801 $552,570 $549,106 $83,653 $27,431 $3,235 $27,547 $1,400,343 
       Special mention7,115 207 — — — — — 7,322 
       Substandard— 2,016 — — — 27,738 — 29,754 
    Total Real estate-construction:$163,916 $554,793 $549,106 $83,653 $27,431 $30,973 $27,547 $1,437,419 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $— $— 
Real estate-business
    Risk Rating:
       Pass$229,043 $1,136,589 $573,233 $495,078 $388,892 $401,324 $109,489 $3,333,648 
       Special mention— 4,555 — 605 9,616 1,235 — 16,011 
       Substandard— 2,811 30,886 16,416 11,924 74,676 — 136,713 
       Non-accrual— 14 45 — — 112 — 171 
   Total Real estate-business:$229,043 $1,143,969 $604,164 $512,099 $410,432 $477,347 $109,489 $3,486,543 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $— $— 
Commercial loans
    Risk Rating:
       Pass$912,832 $2,957,489 $1,839,008 $953,684 $750,761 $774,542 $2,145,747 $10,334,063 
       Special mention21,171 6,368 4,460 7,935 10,129 2,878 676 53,617 
       Substandard1,127 11,015 40,945 33,677 12,427 113,146 21,880 234,217 
       Non-accrual— 172 1,863 33 1 4,392 71 6,532 
   Total Commercial loans:$935,130 $2,975,044 $1,886,276 $995,329 $773,318 $894,958 $2,168,374 $10,628,429 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $292 $292 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2022
Business
    Risk Rating:
       Pass$1,456,476 $782,409 $464,201 $360,844 $180,375 $219,053 $2,146,380 $5,609,738 
       Special mention3,113 2,548 7,757 1,063 67 — 1,319 15,867 
       Substandard5,752 10,004 685 37 810 10,342 1,739 29,369 
       Non-accrual195 1,987 — 1 792 3,776 — 6,751 
   Total Business:$1,465,536 $796,948 $472,643 $361,945 $182,044 $233,171 $2,149,438 $5,661,725 
Real estate-construction
    Risk Rating:
       Pass$538,022 $596,465 $129,632 $27,331 $1,305 $2,029 $18,559 $1,313,343 
       Special mention352 — — — — — — 352 
       Substandard— 19,494 — — 14,766 13,140 — 47,400 
    Total Real estate-construction:$538,374 $615,959 $129,632 $27,331 $16,071 $15,169 $18,559 $1,361,095 
Real estate- business
    Risk Rating:
       Pass$1,085,379 $616,516 $555,648 $424,641 $163,628 $271,579 $90,799 $3,208,190 
       Special mention4,608 — 618 9,737 976 279 — 16,218 
       Substandard2,795 30,944 61,141 10,490 30,782 46,232 — 182,384 
       Non-accrual14 45 — — 124 6 — 189 
   Total Real-estate business:$1,092,796 $647,505 $617,407 $444,868 $195,510 $318,096 $90,799 $3,406,981 
Commercial loans
    Risk Rating:
       Pass$3,079,877 $1,995,390 $1,149,481 $812,816 $345,308 $492,661 $2,255,738 $10,131,271 
       Special mention8,073 2,548 8,375 10,800 1,043 279 1,319 32,437 
       Substandard8,547 60,442 61,826 10,527 46,358 69,714 1,739 259,153 
       Non-accrual209 2,032 — 1 916 3,782 — 6,940 
   Total Commercial loans:$3,096,706 $2,060,412 $1,219,682 $834,144 $393,625 $566,436 $2,258,796 $10,429,801 
Risk Category of Loans in Personal Banking 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, 2023 and December 31, 2022 below.

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2023
Real estate-personal
       Current to 90 days past due$113,590 $512,841 $578,969 $769,804 $284,835 $675,601 $10,209 $2,945,849 
       Over 90 days past due— 394 946 1,372 — 2,212 — 4,924 
       Non-accrual— — — — 167 1,102 — 1,269 
   Total Real estate-personal:$113,590 $513,235 $579,915 $771,176 $285,002 $678,915 $10,209 $2,952,042 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $18 $— $18 
Consumer
       Current to 90 days past due$158,392 $430,621 $345,779 $183,261 $91,521 $82,898 $800,002 $2,092,474 
       Over 90 days past due— 343 310 115 62 443 642 1,915 
    Total Consumer:$158,392 $430,964 $346,089 $183,376 $91,583 $83,341 $800,644 $2,094,389 
Gross write-offs for the three months ended March 31, 2023$— $519 $505 $279 $127 $159 $270 $1,859 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $294,629 $294,629 
       Over 90 days past due— — — — — — 849 849 
   Total Revolving home equity:$— $— $— $— $— $— $295,478 $295,478 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $— $— 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $552,482 $552,482 
       Over 90 days past due— — — — — — 6,187 6,187 
   Total Consumer credit card:$— $— $— $— $— $— $558,669 $558,669 
Gross write-offs for the three months ended March 31, 2023
$— $— $— $— $— $— $5,684 $5,684 
Overdrafts
       Current to 90 days past due$6,515 $— $— $— $— $— $— $6,515 
       Over 90 days past due— — — — — — — — 
    Total Overdrafts:$6,515 $— $— $— $— $— $— $6,515 
Gross write-offs for the three months ended March 31, 2023
$1,195 $— $— $— $— $— $— $1,195 
Personal banking loans
       Current to 90 days past due$278,497 $943,462 $924,748 $953,065 $376,356 $758,499 $1,657,322 $5,891,949 
       Over 90 days past due— 737 1,256 1,487 62 2,655 7,678 13,875 
       Non-accrual— — — — 167 1,102 — 1,269 
   Total Personal banking loans:$278,497 $944,199 $926,004 $954,552 $376,585 $762,256 $1,665,000 $5,907,093 
Gross write-offs for the three months ended March 31, 2023
$1,195 $519 $505 $279 $127 $177 $5,954 $8,756 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2022
Real estate-personal
       Current to 90 days past due$535,283 $589,658 $783,651 $290,580 $132,305 $568,380 $10,174 $2,910,031 
       Over 90 days past due514 967 1,338 81 1,388 2,393 — 6,681 
       Non-accrual— — 52 169 102 1,043 — 1,366 
   Total Real estate-personal:$535,797 $590,625 $785,041 $290,830 $133,795 $571,816 $10,174 $2,918,078 
Consumer
       Current to 90 days past due$536,429 $378,118 $205,849 $106,733 $36,096 $62,255 $731,436 $2,056,916 
       Over 90 days past due326 251 203 58 267 228 839 2,172 
    Total Consumer:$536,755 $378,369 $206,052 $106,791 $36,363 $62,483 $732,275 $2,059,088 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $296,504 $296,504 
       Over 90 days past due— — — — — — 703 703 
   Total Revolving home equity:$— $— $— $— $— $— $297,207 $297,207 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $578,451 $578,451 
       Over 90 days past due— — — — — — 5,549 5,549 
   Total Consumer credit card:$— $— $— $— $— $— $584,000 $584,000 
Overdrafts
       Current to 90 days past due$14,737 $— $— $— $— $— $— $14,737 
       Over 90 days past due220 — — — — — — 220 
    Total Overdrafts:$14,957 $— $— $— $— $— $— $14,957 
Personal banking loans
       Current to 90 days past due$1,086,449 $967,776 $989,500 $397,313 $168,401 $630,635 $1,616,565 $5,856,639 
       Over 90 days past due1,060 1,218 1,541 139 1,655 2,621 7,091 15,325 
       Non-accrual— — 52 169 102 1,043 — 1,366 
   Total Personal banking loans:$1,087,509 $968,994 $991,093 $397,621 $170,158 $634,299 $1,623,656 $5,873,330 
Amortized Cost Basis of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans as of March 31, 2023 and December 31, 2022.
(In thousands)Business AssetsOil & Gas AssetsTotal
March 31, 2023
Commercial:
  Business$2,611 $1,671 $4,282 
Total$2,611 $1,671 $4,282 
December 31, 2022
Commercial:
Business$2,778 $1,824 $4,602 
Total$2,778 $1,824 $4,602 
Summary Of Loans In The Personal Banking Portfolio Percentage Of Balances by FICO Score For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at March 31, 2023 and December 31, 2022 by FICO score.
   Personal Banking Loans
% of Loan Category
Real Estate - PersonalConsumerRevolving Home EquityConsumer Credit Card
March 31, 2023
FICO score:
Under 6001.8 %2.6 %1.8 %4.2 %
600 - 6592.5 4.0 3.3 11.9 
660 - 7199.2 13.6 9.8 30.9 
720 - 77921.8 29.2 21.7 27.5 
780 and over64.7 50.6 63.4 25.5 
Total100.0 %100.0 %100.0 %100.0 %
December 31, 2022
FICO score:
Under 6001.4 %2.2 %1.5 %3.4 %
600 - 6592.2 4.2 2.8 11.4 
660 - 7198.1 14.5 9.7 30.8 
720 - 77923.7 26.7 21.4 27.1 
780 and over64.6 52.4 64.6 27.3 
Total100.0 %100.0 %100.0 %100.0 %
Additional Information about Troubled Debt Restructurings
(In thousands)December 31, 2022
Accruing restructured loans:
Commercial
$184,388 
Assistance programs
5,156 
Other consumer
4,049 
Non-accrual loans
5,078 
Total troubled debt restructurings
$198,671 
Financing receivable, financial impacts of loan modifications and payment deferrals
The following table summarizes the financial impact of loan modifications and payment deferrals during the three months ended March 31, 2023. The qualitative impact of forbearance and repayment plans is the deferral of payments for 3 months up to 30 years, and therefore, those modifications are excluded from the table below.

Term Extension
Three Months Ended March 31, 2023
Commercial:
Business
Added a weighted-average of 12 months to the life of loans.
Real estate – business
Added a weighted-average of 17 months to the life of loans.


Payment Delay
Three Months Ended March 31, 2023
Personal Banking:
Real estate – personal Deferred past due monthly payments to maturity as a balloon payment. Deferral delayed payments a weighted average of 27 years.
ConsumerDeferred past due monthly payments to maturity as a balloon payment. Deferral delayed payments a weighted average of 11 years.
Interest Rate Reduction
Three Months Ended March 31, 2023
Personal Banking:
Consumer
Reduced weighted-average contractual interest by 14%.
Consumer credit card
Reduced weighted-average contractual interest by 14%.


Forgiveness of Interest/Fees
Three Months Ended March 31, 2023
Personal Banking:
Consumer credit cardApproximately $14 thousand of interest and fees forgiven.
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
The following table presents the amortized cost at March 31, 2023 of loans that were modified during the three months ended March 31, 2023.

Three Months Ended March 31, 2023



(Dollars in thousands)
Term ExtensionPayment DelayInterest Rate ReductionInterest/Fees Forgiven
Other
Total% of Total Loan Category
March 31, 2023
Commercial:
Business$3,104 $— $— $— $— $3,104 0.1 %
Real estate – business23,039 — — — — 23,039 0.7 
Personal Banking:
Real estate – personal — 1,666 — — — 1,666 0.1 
Consumer— 58 16 — 55 129 — 
Consumer credit card— — 618 275 — 893 0.2 
Total $26,143 $1,724 $634 $275 $55 $28,831 0.2 %
Financing Receivable, Modified, Past Due
The following table presents the amortized cost basis at March 31, 2023 of loans that have been modified on or after January 1, 2023 (the date we adopted ASU 2022-02) through March 31, 2023.



(In thousands)
Current
30-89 Days Past Due
90 Days Past DueTotal
March 31, 2023
Commercial:
Business$3,104 $— $— $3,104 
Real estate – business23,039 — — 23,039 
Personal Banking:
Real estate – personal 1,061 605 — 1,666 
Consumer75 46 8 129 
Consumer credit card645 173 75 893 
Total $27,924 $824 $83 $28,831 
Financing Receivable, Modified, Subsequent Default
The following table provides the amortized cost basis of loans to borrowers experiencing financial difficulty that had a payment default during the three months ended March 31, 2023 and were modified on or after January 1, 2023 (the date we adopted ASU 2022-02) through March 31, 2023. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal. In addition to the loans below, the Company charged off $25 thousand of consumer credit card loans during the three months ended March 31, 2023 that were modified during the period.



(Dollars in thousands)
Interest Rate ReductionInterest/Fees ForgivenTotal
March 31, 2023
Personal Banking:
Consumer$8 $— $8 
Consumer credit card63 12 75 
Total $71 $12 $83 
Financing Receivable, Troubled Debt Restructuring
The table below shows the balance of troubled debt restructurings by loan classification at December 31, 2022, 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, 2022Balance at December 31, 2022 that was 90 days past due at any time during previous 12 months
Commercial:
Business$12,311 $— 
Real estate - construction and land57,547 — 
Real estate - business118,654 — 
Personal Banking:
Real estate - personal2,809 419 
Consumer2,250 268 
Revolving home equity17 — 
Consumer credit card5,083 452 
Total troubled debt restructurings$198,671 $1,139