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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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 September 30, 2014, December 31, 2013, and September 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)
September 30, 2014
 
December 31, 2013
 
September 30, 2013
 
Commercial
$
3,640,755

 
$
3,367,625

 
$
3,521,227

 
Consumer
2,361,476

 
2,179,010

 
2,057,115

 
Total loan commitments
$
6,002,231

 
$
5,546,635

 
$
5,578,342

 
 
 
 
 
 
 
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 September 30, 2014, December 31, 2013, and September 30, 2013.
Financial guarantees
 
 
 
 
 
(In thousands)
September 30, 2014
 
December 31, 2013
 
September 30, 2013
 
Standby letters of credit
$
227,835

 
$
196,400

 
$
200,835

 
Loans sold with recourse
43,260

 
45,082

 
50,882

 
Total financial guarantees
$
271,095

 
$
241,482

 
$
251,717

 
 
 
 
 
 
 
Changes in Repurchase Reserve
Changes in the amount of the repurchase reserve for the three and nine months ended September 30, 2014 and 2013 are as follows:
 
Three Months Ended September 30, 2014
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchase reserve
Balance at beginning of period
$
7,900

 
$
1,122

 
$
9,022

Net realized losses
(600
)
 

 
(600
)
Net increase (decrease) to reserve
250

 

 
250

Balance at end of period
$
7,550

 
$
1,122

 
$
8,672

 
 
 
 
 
 

 
Three Months Ended September 30, 2013
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchased reserve
Balance at beginning of period
$
7,287

 
$
1,106

 
$
8,393

Assumed obligation

 

 

Net realized losses
(1,983
)
 

 
(1,983
)
Net increase (decrease) to reserve
2,546

 
3

 
2,549

Balance at end of period
$
7,850

 
$
1,109

 
$
8,959