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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments to Extend Credit
The following table shows the remaining contractual amount of each class of commitments to extend credit as of June 30, 2014, December 31, 2013, and June 30, 2013. This amount represents the Corporation's maximum exposure to loss if the customer were to draw upon the full amount of the commitment and subsequently default on payment for the total amount of the then outstanding loan.
Loan commitments
 
 
 
 
 
(In thousands)
June 30, 2014
 
December 31, 2013
 
June 30, 2013
 
Commercial
$
3,386,052

 
$
3,367,625

 
$
3,020,138

 
Consumer
2,280,431

 
2,179,010

 
2,096,495

 
Total loan commitments
$
5,666,483

 
$
5,546,635

 
$
5,116,633

 
 
 
 
 
 
 
Schedule of Guarantor Obligations
The Corporation is a guarantor in certain agreements with third parties. The following table shows the types of guarantees the Corporation had outstanding as of June 30, 2014, December 31, 2013, and June 30, 2013.
Financial guarantees
 
 
 
 
 
(In thousands)
June 30, 2014
 
December 31, 2013
 
June 30, 2013
 
Standby letters of credit
$
201,212

 
$
196,400

 
$
239,181

 
Loans sold with recourse
34,662

 
45,082

 
54,944

 
Total financial guarantees
$
235,874

 
$
241,482

 
$
294,125

 
 
 
 
 
 
 
Changes in Repurchase Reserve
Changes in the amount of the repurchase reserve for the three and six months ended June 30, 2014 and 2013 are as follows:
 
Three Months Ended June 30, 2014
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchase reserve
Balance at beginning of period
$
8,200

 
$
1,117

 
$
9,317

Net realized losses
(164
)
 

 
(164
)
Net increase (decrease) to reserve
(136
)
 
5

 
(131
)
Balance at end of period
$
7,900

 
$
1,122

 
$
9,022

 
 
 
 
 
 

 
Three Months Ended June 30, 2013
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchased reserve
Balance at beginning of period
$
1,600

 
$
1,138

 
$
2,738

Assumed obligation
6,000

 

 
6,000

Net realized losses
(928
)
 

 
(928
)
Net increase (decrease) to reserve
615

 
(32
)
 
583

Balance at end of period
$
7,287

 
$
1,106

 
$
8,393