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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
The Corporation is obligated under various noncancelable operating leases on branch offices. Minimum future rental payments under noncancelable operating leases at December 31, 2015 are as follows:
(In thousands)
 
 
Years Ended December 31,
 
Lease
Commitments
2016
 
$
11,942

2017
 
11,288

2018
 
9,842

2019
 
7,870

2020
 
6,605

2021-2034
 
18,521

Total minimum future rental payments
 
$
66,068

 
 
 

Schedule of commitments to extend credit
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.
 
 
At December 31,
(In thousands)
2015
 
2014
Loan Commitments
 
 
 
 
Commercial
$
3,992,089

 
$
3,748,690

 
Consumer
2,393,058

 
2,387,623

 
Total loan commitments
$
6,385,147

 
$
6,136,313

 
 
 
 
 
Schedule of Guarantor Obligations
The Corporation is a guarantor in certain agreements with third parties. The Corporation's maximum credit risk associated with these instruments is represented by the contractual amounts indicated in the following table.
 
 
At December 31,
(In thousands)
2015
 
2014
Financial guarantees
 
 
 
 
Standby letters of credit
$
254,703

 
$
242,390

 
Loans sold with recourse
12,902

 
45,071

 
Total financial guarantees
$
267,605

 
$
287,461

 
 
 
 
 
Changes in Repurchase Reserve
Changes in the amount of the repurchase reserve for the years ended December 31, 2015, and 2014, are as follows:
 
Year Ended December 31, 2015
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchased reserve
Balance at beginning of period
$
7,250

 
$
1,124

 
$
8,374

Net increase/(decrease) to reserve
(3,638
)
 
(1,130
)
 
(4,768
)
Net realized gains/(losses)
(887
)
 
6

 
(881
)
Balance at end of period
$
2,725

 
$

 
$
2,725

 
 
 
 
 
 
 
Year Ended December 31, 2014
(In thousands)
Reserve on residential mortgage loans
 
Reserve on manufactured housing loans
 
Total repurchased reserve
Balance at beginning of period
$
8,737

 
$
1,114

 
$
9,851

Net increase/(decrease) to reserve
(4,564
)
 
10

 
(4,554
)
Net realized gains/(losses)
3,077

 

 
3,077

Balance at end of period
$
7,250

 
$
1,124

 
$
8,374