Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2020

Allowance for Credit Losses

Schedule of activity in the Allowance by class of loans and leases

	Three Months Ended March 31, 2020
	Commercial Lending								Residential Lending
	Commercial		Commercial								Home
	and		Real				Lease		Residential		Equity
(dollars in thousands)	Industrial		Estate		Construction		Financing		Mortgage		Line		Consumer		Unallocated		Total
Allowance for credit losses:
Balance at beginning of period	$	28,975	$	22,325	$	4,844	$	424	$	29,303	$	9,876	$	34,644	$	139	$	130,530
Adoption of ASU No. 2016-13		(16,105)		10,559		(1,803)		207		(2,793)		(4,731)		15,575		(139)		770
Charge-offs		(201)		—		—		—		—		(8)		(8,597)		—		(8,806)
Recoveries		220		—		110		—		135		122		2,083		—		2,670
Increase in Provision		7,995		9,954		5,673		220		3,376		1,297		12,334		—		40,849
Balance at end of period	$	20,884	$	42,838	$	8,824	$	851	$	30,021	$	6,556	$	56,039	$	—	$	166,013

The following presents the activity in the ACL by class of loans and leases for the three months ended March 31, 2019, presented in accordance with Topic 310, Receivables:

	Three Months Ended March 31, 2019
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for credit losses:
Balance at beginning of period	$	34,501	$	19,725	$	5,813	$	432	$	44,906	$	35,813	$	528	$	141,718
Charge-offs		—		—		—		(24)		—		(8,598)		—		(8,622)
Recoveries		37		31		—		—		250		2,452		—		2,770
Increase (decrease) in Provision		(2,745)		1,441		(432)		3		(245)		5,432		2,226		5,680
Balance at end of period	$	31,793	$	21,197	$	5,381	$	411	$	44,911	$	35,099	$	2,754	$	141,546

Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments

	Three Months Ended March 31, 2020
	Commercial Lending								Residential Lending
	Commercial		Commercial								Home
	and		Real				Lease		Residential		Equity
(dollars in thousands)	Industrial		Estate		Construction		Financing		Mortgage		Line		Consumer		Total
Reserve for unfunded commitments:
Balance at beginning of period	$	—	$	—	$	—	$	—	$	—	$	—	$	600	$	600
Adoption of ASU No. 2016-13		5,390		778		4,119		—		7		6,587		(581)		16,300
Increase (decrease) in Provision		(599)		(82)		694		—		(6)		340		4		351
Balance at end of period	$	4,791	$	696	$	4,813	$	—	$	1	$	6,927	$	23	$	17,251

Schedule of amortized cost basis by year of origination and credit quality indicator

The amortized cost basis by year of origination and credit quality indicator of the Company's loans and leases as of March 31, 2020 was as follows:

															Revolving
															Loans
															Converted
	Term Loans												Revolving		to Term
	Amortized Cost Basis by Origination Year												Loans		Loans
													Amortized		Amortized
(dollars in thousands)	2020		2019		2018		2017		2016		Prior		Cost Basis		Cost Basis		Total
Commercial Lending
Commercial and Industrial
Risk rating:
Pass	$	96,493	$	364,221	$	294,506	$	86,993	$	72,683	$	210,731	$	1,542,232	$	62,021	$	2,729,880
Special Mention		126		3,490		2,757		360		535		7,064		88,787		256		103,375
Substandard		160		7,456		3,568		1,569		57		5,465		50,830		969		70,074
Other (1)		7,239		18,375		13,894		8,985		3,859		1,247		68,417		—		122,016
Total Commercial and Industrial		104,018		393,542		314,725		97,907		77,134		224,507		1,750,266		63,246		3,025,345
Commercial Real Estate
Risk rating:
Pass		70,775		731,880		577,488		497,579		324,782		1,024,477		47,680		2		3,274,663
Special Mention		—		8,810		17,407		23,558		28,562		27,346		2,999		—		108,682
Substandard		—		24,404		—		—		426		4,325		—		—		29,155
Other (1)		—		—		—		—		—		514		—		—		514
Total Commercial Real Estate		70,775		765,094		594,895		521,137		353,770		1,056,662		50,679		2		3,413,014
Construction
Risk rating:
Pass		15,537		96,333		192,397		99,207		25,151		53,105		25,991		—		507,721
Special Mention		—		—		—		—		—		—		200		—		200
Substandard		—		—		—		2,219		—		1,002		—		—		3,221
Other (1)		2,269		31,408		14,370		6,562		1,735		4,576		—		—		60,920
Total Construction		17,806		127,741		206,767		107,988		26,886		58,683		26,191		—		572,062
Lease Financing
Risk rating:
Pass		49,616		73,066		17,998		22,263		5,939		66,866		—		—		235,748
Special Mention		—		287		84		440		—		64		—		—		875
Total Lease Financing		49,616		73,353		18,082		22,703		5,939		66,930		—		—		236,623
Total Commercial Lending	$	242,215	$	1,359,730	$	1,134,469	$	749,735	$	463,729	$	1,406,782	$	1,827,136	$	63,248	$	7,247,044

(continued)

															Revolving
															Loans
															Converted
	Term Loans												Revolving		to Term
	Amortized Cost Basis by Origination Year												Loans		Loans
(continued)													Amortized		Amortized
(dollars in thousands)	2020		2019		2018		2017		2016		Prior		Cost Basis		Cost Basis		Total
Residential Lending
Residential Mortgage
FICO:
740 and greater	$	134,802	$	429,854	$	380,979	$	437,915	$	376,570	$	1,044,890	$	—	$	—	$	2,805,010
680 - 739		28,248		71,374		69,543		69,434		44,492		170,974		—		—		454,065
620 - 679		3,527		13,645		11,235		13,074		11,621		57,611		—		—		110,713
550 - 619		2,012		1,834		3,547		4,096		3,050		13,474		—		—		28,013
Less than 550		—		—		1,206		1,912		966		6,363		—		—		10,447
No Score (3)		11,783		21,987		25,655		26,042		16,592		54,212		—		—		156,271
Other (2)		4,783		20,938		26,627		25,451		12,528		17,524		580		505		108,936
Total Residential Mortgage		185,155		559,632		518,792		577,924		465,819		1,365,048		580		505		3,673,455
Home Equity Line
FICO:
740 and greater		—		—		—		—		—		—		629,818		—		629,818
680 - 739		—		—		—		—		—		—		173,990		—		173,990
620 - 679		—		—		—		—		—		—		58,863		—		58,863
550 - 619		—		—		—		—		—		—		16,863		—		16,863
Less than 550		—		—		—		—		—		—		6,852		—		6,852
No Score (3)		—		—		—		—		—		—		5,312		—		5,312
Total Home Equity Line		—		—		—		—		—		—		891,698		—		891,698
Total Residential Lending		185,155		559,632		518,792		577,924		465,819		1,365,048		892,278		505		4,565,153
Consumer Lending
FICO:
740 and greater		46,781		150,459		128,010		76,608		41,303		17,034		117,149		—		577,344
680 - 739		29,047		124,783		99,908		59,075		29,503		13,332		92,315		—		447,963
620 - 679		11,357		73,221		51,785		35,102		18,932		9,072		49,123		—		248,592
550 - 619		1,679		21,334		23,130		20,105		10,676		6,105		18,624		—		101,653
Less than 550		581		7,625		12,696		12,928		6,832		3,459		7,906		—		52,027
No Score (3)		2,796		6,248		174		151		30		3		37,382		—		46,784
Other (2)		600		9,173		104		2,230		100		6,823		74,680		—		93,710
Total Consumer Lending		92,841		392,843		315,807		206,199		107,376		55,828		397,179		—		1,568,073
Total Loans and Leases	$	520,211	$	2,312,205	$	1,969,068	$	1,533,858	$	1,036,924	$	2,827,658	$	3,116,593	$	63,753	$	13,380,270

Schedule of aging analyses of past due loans and leases

	March 31, 2020
	Past Due												Loans and
					Greater								Leases Past
					Than or								Due 90 Days
	30-59		60-89		Equal to								or More and
	Days		Days		90 Days		Total				Total Loans		Still Accruing
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		and Leases		Interest
Commercial and industrial	$	6,634	$	1,010	$	4,041	$	11,685	$	3,013,660	$	3,025,345	$	4,007
Commercial real estate		14,204		2,706		757		17,667		3,395,347		3,413,014		757
Construction		6,003		104		2,570		8,677		563,385		572,062		148
Lease financing		—		—		—		—		236,623		236,623		—
Residential mortgage		3,556		2,349		2,671		8,576		3,664,879		3,673,455		82
Home equity line		6,947		1,462		2,566		10,975		880,723		891,698		2,566
Consumer		33,077		6,223		3,353		42,653		1,525,420		1,568,073		3,353
Total	$	70,421	$	13,854	$	15,958	$	100,233	$	13,280,037	$	13,380,270	$	10,913

As of December 31, 2019, the aging analysis of the Company’s past due loans and leases, presented in accordance with Topic 310, Receivables, was as follows:

	December 31, 2019
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	1,525	$	808	$	1,429	$	3,762	$	2,739,448	$	2,743,210	$	32	$	2,743,242
Commercial real estate		1,664		1,125		1,013		3,802		3,460,121		3,463,923		30		3,463,953
Construction		—		—		2,367		2,367		516,874		519,241		—		519,241
Lease financing		—		—		—		—		202,483		202,483		—		202,483
Residential mortgage		3,258		399		74		3,731		3,759,799		3,763,530		5,406		3,768,936
Home equity line		2,971		394		2,995		6,360		886,879		893,239		—		893,239
Consumer		26,810		7,022		4,272		38,104		1,582,452		1,620,556		—		1,620,556
Total	$	36,228	$	9,748	$	12,150	$	58,126	$	13,148,056	$	13,206,182	$	5,468	$	13,211,650

Schedule of revolving loans that were converted to term loans

	Three Months Ended
(dollars in thousands)	March 31, 2020
Commercial and industrial	$	28,228
Residential mortgage		296
Total Revolving Loans Converted to Term Loans During the Period	$	28,524

Schedule of credit risk profiles by internally assigned grade for loans and leases

	December 31, 2019
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	2,585,908	$	3,327,659	$	515,993	$	201,461	$	6,631,021
Special mention		91,365		106,331		127		1,022		198,845
Substandard		65,969		29,963		3,121		—		99,053
Total	$	2,743,242	$	3,463,953	$	519,241	$	202,483	$	6,928,919

Schedule of credit risk profiles based on payment activity for loans and leases that were not subject to loan grading

	December 31, 2019
(dollars in thousands)	Residential Mortgage		Home Equity Line		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,759,799	$	886,879	$	219,046	$	1,016,142	$	347,264	$	6,229,130
Non-performing and delinquent		9,137		6,360		7,258		24,326		6,520		53,601
Total	$	3,768,936	$	893,239	$	226,304	$	1,040,468	$	353,784	$	6,282,731

Schedule of amortized cost basis of loans and leases on nonaccrual status

	March 31, 2020				January 1, 2020
	Nonaccrual
	Loans
	and Leases
	With No		Nonaccrual		Nonaccrual
	Allowance		Loans		Loans
(dollars in thousands)	for Credit Losses		and Leases		and Leases
Commercial and industrial	$	—	$	32	$	32
Commercial real estate		—		—		30
Construction		—		2,422		—
Residential mortgage		806		4,472		5,406
Total Nonaccrual Loans and Leases	$	806	$	6,926	$	5,468

Schedule of information related to loans modified in a TDR

	Three Months Ended					Three Months Ended
	March 31, 2020					March 31, 2019
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment(1)		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	1	$	500	$	30	4	$	916	$	24
Residential mortgage	—		—		—	1		352		14
Total	1	$	500	$	30	5	$	1,268	$	38

(1) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.