Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2011

Jun. 30, 2010

Loans and Allowance for Loan Losses

Summary Classification of Held to Maturity Loan Portfolio

	June 30		December 31
(In thousands)	2011		2010
Commercial:
Business	$	2,921,556	$	2,957,043
Real estate – construction and land		433,464		460,853
Real estate – business		2,097,691		2,065,837
Personal Banking:
Real estate – personal		1,438,030		1,440,386
Consumer		1,108,909		1,164,327
Revolving home equity		467,391		477,518
Consumer credit card		764,844		831,035
Overdrafts		5,193		13,983
Total loans	$	9,237,078	$	9,410,982

Activity in the Allowance for Loan Losses

	For the Three Months						For the Six Months
	Ended June 30						Ended June 30
			Personal						Personal
(In thousands)	Commercial		Banking		Total		Commercial		Banking		Total
Balance at beginning of period	$	128,351	$	66,187	$	194,538	$	119,946	$	77,592	$	197,538
Provision		1,815		10,373		12,188		15,280		12,697		27,977
Deductions:
Loans charged off		3,946		15,656		19,602		10,310		32,681		42,991
Less recoveries on loans		1,043		3,371		4,414		2,347		6,667		9,014
Net loans charged off		2,903		12,285		15,188		7,963		26,014		33,977
Balance at June 30, 2011	$	127,263	$	64,275	$	191,538	$	127,263	$	64,275	$	191,538

	For the Three Months		For the Six Months
(In thousands)	Ended June 30		Ended June 30
Balance at beginning of period	$	197,538	$	194,480
Provision for loan losses		22,187		56,509
Deductions:
Loans charged off		26,818		62,338
Less recoveries on loans		4,631		8,887
Net loans charged off		22,187		53,451
Balance at June 30, 2010	$	197,538	$	197,538

Allowance for Loan Losses and Related Loan Balance Disaggregated on the Basis of Impairment Methodology

			Personal
(In thousands)	Commercial		Banking		Total
June 30, 2011
Allowance for loan losses:
Impaired loans	$	6,862	$	3,599	$	10,461
All other loans		120,401		60,676		181,077
Loans outstanding:
Impaired loans		119,133		30,464		149,597
All other loans		5,333,578		3,753,903		9,087,481
December 31, 2010
Allowance for loan losses:
Impaired loans	$	6,127	$	3,243	$	9,370
All other loans		113,819		74,349		188,168
Loans outstanding:
Impaired loans		118,532		26,828		145,360
All other loans		5,365,201		3,900,421		9,265,622

Investment in Impaired Loans

	June 30	December 31
(In thousands)	2011	2010
Non-accrual loans	$79,717	$	85,275
Restructured loans	69,880		60,085
Total impaired loans	$149,597	$	145,360

Additional Information about Impaired Loans Held

			Unpaid				Interest Income Recognized *
	Recorded		Principal		Related		For the Period Ended June 30, 2011
(In thousands)	Investment		Balance		Allowance		Three Months		Six Months
June 30, 2011
With no related allowance recorded:
Business	$	12,315	$	14,189	$	—	$	—	$	—
Real estate – construction and land		21,943		49,812		—		—		—
Real estate – business		6,876		9,009		—		—		—
Real estate – personal		757		757		—		—		—
	$	41,891	$	73,767	$	—	$	—	$	—
With an allowance recorded:
Business	$	24,961	$	28,128	$	2,192	$	85	$	170
Real estate – construction and land		25,576		30,928		2,097		186		373
Real estate – business		27,462		31,126		2,573		204		407
Real estate – personal		8,311		10,555		1,019		7		14
Consumer credit card		21,396		21,396		2,580		447		894
	$	107,706	$	122,133	$	10,461	$	929	$	1,858
Total	$	149,597	$	195,900	$	10,461	$	929	$	1,858
December 31, 2010
With no related allowance recorded:
Business	$	3,544	$	5,095	$	—
Real estate – construction and land		30,979		55,790		—
Real estate – business		4,245		5,295		—
Real estate – personal		755		755		—
	$	39,523	$	66,935	$	—
With an allowance recorded:
Business	$	18,464	$	21,106	$	1,665
Real estate – construction and land		39,719		52,587		2,538
Real estate – business		21,581		25,713		1,924
Real estate – personal		7,294		9,489		936
Consumer credit card		18,779		18,779		2,307
	$	105,837	$	127,674	$	9,370
Total	$	145,360	$	194,609	$	9,370

Average Impaired Loans

			Personal
(In thousands)	Commercial		Banking		Total
Average impaired loans:
For the three months ended June 30, 2011:
Non-accrual loans	$	69,104	$	7,063	$	76,167
Restructured loans		46,037		21,679		67,716
Total	$	115,141	$	28,742	$	143,883
For the six months ended June 30, 2011:
Non-accrual loans	$	72,186	$	7,045	$	79,231
Restructured loans		44,495		21,107		65,602
Total	$	116,681	$	28,152	$	144,833

Aging information on Past Due and Nonaccrual Loans

	Current or Less
	Than 30 Days Past		30 - 89		90 Days Past Due
(In thousands)	Due		Days Past Due		and Still Accruing		Non-accrual		Total
June 30, 2011
Commercial:
Business	$	2,884,367	$	10,404	$	755	$	26,030	$	2,921,556
Real estate – construction and land		399,555		4,329		871		28,709		433,464
Real estate – business		2,058,387		15,960		6,564		16,780		2,097,691
Personal Banking:
Real estate – personal		1,414,558		10,713		4,561		8,198		1,438,030
Consumer		1,094,631		12,790		1,488		—		1,108,909
Revolving home equity		465,795		836		760		—		467,391
Consumer credit card		746,505		9,740		8,599		—		764,844
Overdrafts		4,809		384		—		—		5,193
Total	$	9,068,607	$	65,156	$	23,598	$	79,717	$	9,237,078
December 31, 2010
Commercial:
Business	$	2,927,403	$	19,853	$	854	$	8,933	$	2,957,043
Real estate – construction and land		400,420		7,464		217		52,752		460,853
Real estate – business		2,040,794		8,801		—		16,242		2,065,837
Personal Banking:
Real estate – personal		1,413,905		15,579		3,554		7,348		1,440,386
Consumer		1,145,561		15,899		2,867		—		1,164,327
Revolving home equity		475,764		929		825		—		477,518
Consumer credit card		806,373		12,513		12,149		—		831,035
Overdrafts		13,555		428		—		—		13,983
Total	$	9,223,775	$	81,466	$	20,466	$	85,275	$	9,410,982

Credit Quality of Commercial Loan Portfolio

			Commercial Loans		Real
			Real		Estate-
(In thousands)	Business		Estate-Construction		Business		Total
June 30, 2011
Pass	$	2,768,123	$	334,465	$	1,904,087	$	5,006,675
Special mention		50,266		9,751		50,274		110,291
Substandard		77,137		60,539		126,550		264,226
Non-accrual		26,030		28,709		16,780		71,519
Total	$	2,921,556	$	433,464	$	2,097,691	$	5,452,711
December 31, 2010
Pass	$	2,801,328	$	327,167	$	1,878,005	$	5,006,500
Special mention		67,142		29,345		77,527		174,014
Substandard		79,640		51,589		94,063		225,292
Non-accrual		8,933		52,752		16,242		77,927
Total	$	2,957,043	$	460,853	$	2,065,837	$	5,483,733

Loans Held for Sale, Including Impairment Losses

	June 30			December 31
(In thousands)	2011			2010
Balance outstanding:
Student loans, at cost	$	38,079		$	53,901
Residential mortgage loans, at cost		4,459			10,419
Valuation allowance on student loans		(179	)		(569	)
Total loans held for sale, at lower of cost or fair value	$	42,359		$	63,751

	For the Six Months
	Ended June 30
(In thousands)	2011		2010
Net gains on sales:
Student loans	$	386	$	1,689
Residential mortgage loans		761		777
Total gains on sales of loans held for sale, net	$	1,147	$	2,466