XML 42 R31.htm IDEA: XBRL DOCUMENT

Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2020

Allowance for Credit Losses

Schedule of activity in the allowance by class of loans and lease

Three Months Ended June 30, 2020

Commercial Lending

Residential Lending

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

Industrial

Estate

Construction

Financing

Mortgage

Line

Consumer

Total

Allowance for credit losses:

Balance at beginning of period

20,884

42,838

8,824

851

30,021

6,556

56,039

166,013

Charge-offs

(13,974)

(2,723)

(379)

—

(14)

—

(8,907)

(25,997)

Recoveries

100

—

2,456

2,611

Increase (decrease) in Provision

14,289

13,007

(3,199)

2,986

3,850

1,071

17,489

49,493

Balance at end of period

21,299

53,122

5,276

3,837

33,874

7,635

67,077

192,120

Six Months Ended June 30, 2020

Commercial Lending

Residential Lending

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

(14,175)

(2,723)

(379)

—

(14)

(8)

(17,504)

—

(34,803)

Recoveries

320

—

140

—

152

130

4,539

—

5,281

Increase in Provision

22,284

22,961

2,474

3,206

7,226

2,368

29,823

—

90,342

Balance at end of period

21,299

53,122

5,276

3,837

33,874

7,635

67,077

—

192,120

The following presents the activity in the ACL by class of loans and leases for the three and six months ended June 30, 2019, presented in accordance with Topic 310, Receivables:


	Three Months Ended June 30, 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	$	31,793	$	21,197	$	5,381	$	411	$	44,911	$	35,099	$	2,754	$	141,546
Charge-offs		(2,000)		—		—		—		—		(7,505)		—		(9,505)
Recoveries		25		32		—		—		185		2,382		—		2,624
Increase (decrease) in Provision		1,870		975		(367)		35		(1,676)		3,662		(629)		3,870
Balance at end of period	$	31,688	$	22,204	$	5,014	$	446	$	43,420	$	33,638	$	2,125	$	138,535


	Six Months Ended June 30, 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		(2,000)		—		—		(24)		—		(16,103)		—		(18,127)
Recoveries		62		63		—		—		435		4,834		—		5,394
Increase (decrease) in Provision		(875)		2,416		(799)		38		(1,921)		9,094		1,597		9,550
Balance at end of period	$	31,688	$	22,204	$	5,014	$	446	$	43,420	$	33,638	$	2,125	$	138,535

Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology


	December 31, 2019
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for credit losses:
Individually evaluated for impairment	$	46	$	27	$	—	$	—	$	130	$	—	$	—	$	203
Collectively evaluated for impairment		28,929		22,298		4,844		424		39,049		34,644		139		130,327
Balance at end of period	$	28,975	$	22,325	$	4,844	$	424	$	39,179	$	34,644	$	139	$	130,530
Loans and leases:
Individually evaluated for impairment	$	4,951	$	723	$	—	$	—	$	14,964	$	—	$	—	$	20,638
Collectively evaluated for impairment		2,738,291		3,463,230		519,241		202,483		4,647,211		1,620,556		—		13,191,012
Balance at end of period	$	2,743,242	$	3,463,953	$	519,241	$	202,483	$	4,662,175	$	1,620,556	$	—	$	13,211,650

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

Three Months Ended June 30, 2020

Commercial Lending

Residential Lending

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

4,791

696

4,813

—

6,927

17,251

Increase in Provision

3,390

472

1,095

—

963

5,953

Balance at end of period

8,181

1,168

5,908

—

7,890

23,204

Six Months Ended June 30, 2020

Commercial Lending

Residential Lending

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

Adoption of ASU No. 2016-13

5,390

778

4,119

—

6,587

(581)

16,300

Increase (decrease) in Provision

2,791

390

1,789

—

(4)

1,303

6,304

Balance at end of period

8,181

1,168

5,908

—

7,890

23,204

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 June 30, 2020 was as follows:

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Amortized

(dollars in thousands)

2020

2019

2018

2017

2016

Prior

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

989,501

349,261

271,941

76,742

62,113

68,468

1,182,299

39,617

3,039,942

Special Mention

28,136

9,235

8,460

841

335

27,174

113,642

509

188,332

Substandard

16,621

1,724

1,836

2,000

4,321

9,788

52,225

938

89,453

Other ⁽¹⁾

9,091

16,661

12,574

7,884

3,199

811

55,761

—

105,981

Total Commercial and Industrial

1,043,349

376,881

294,811

87,467

69,968

106,241

1,403,927

41,064

3,423,708

Commercial Real Estate

Risk rating:

Pass

171,445

618,501

523,149

440,549

296,474

927,232

33,878

—

3,011,228

Special Mention

—

113,286

53,391

62,165

47,790

66,008

2,999

—

345,639

Substandard

—

16,304

14,617

1,655

6,630

17,947

8,970

—

66,123

Other ⁽¹⁾

—

509

—

509

Total Commercial Real Estate

171,445

748,091

591,157

504,369

350,894

1,011,696

45,847

—

3,423,499

Construction

Risk rating:

Pass

16,615

135,963

192,016

96,137

24,106

41,457

29,297

—

535,591

Special Mention

—

2,152

4,782

—

10,850

196

—

17,980

Substandard

—

541

1,840

528

1,000

—

3,909

Other ⁽¹⁾

8,415

31,038

8,546

5,562

1,795

4,514

585

—

60,455

Total Construction

25,030

167,001

203,255

108,321

26,429

57,821

30,078

—

617,935

Lease Financing

Risk rating:

Pass

45,489

67,806

11,965

18,915

3,764

59,364

—

207,303

Special Mention

9,142

1,931

4,626

1,545

1,440

5,854

—

24,538

Substandard

2,697

1,651

368

1,207

—

523

—

6,446

Total Lease Financing

57,328

71,388

16,959

21,667

5,204

65,741

—

238,287

Total Commercial Lending

1,297,152

1,363,361

1,106,182

721,824

452,495

1,241,499

1,479,852

41,064

7,703,429

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

(continued)

Amortized

(dollars in thousands)

2020

2019

2018

2017

2016

Prior

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

300,079

411,883

353,197

411,670

362,197

988,771

—

2,827,797

680 - 739

50,937

72,139

64,920

65,992

43,666

161,897

—

459,551

620 - 679

6,098

12,708

12,060

12,648

10,789

55,000

—

109,303

550 - 619

2,006

1,824

3,533

3,389

3,032

13,329

—

27,113

Less than 550

—

1,204

1,907

528

6,324

—

9,963

No Score ⁽³⁾

15,676

21,603

24,182

23,736

16,298

51,943

—

153,438

Other ⁽²⁾

8,244

20,308

22,241

23,435

12,412

17,063

579

503

104,785

Total Residential Mortgage

383,040

540,465

481,337

542,777

448,922

1,294,327

579

503

3,691,950

Home Equity Line

FICO:

740 and greater

—

626,897

858

627,755

680 - 739

—

169,547

1,283

170,830

620 - 679

—

48,655

1,013

49,668

550 - 619

—

14,276

562

14,838

Less than 550

—

6,661

212

6,873

No Score ⁽³⁾

—

6,527

—

6,527

Total Home Equity Line

—

872,563

3,928

876,491

Total Residential Lending

383,040

540,465

481,337

542,777

448,922

1,294,327

873,142

4,431

4,568,441

Consumer Lending

FICO:

740 and greater

65,206

141,704

120,178

71,525

35,932

12,451

109,702

—

556,698

680 - 739

47,584

109,728

87,056

48,728

24,478

10,094

83,021

—

410,689

620 - 679

24,185

65,310

43,282

31,318

16,144

7,013

42,511

—

229,763

550 - 619

5,881

26,220

22,891

20,874

10,869

5,467

18,429

—

110,631

Less than 550

1,562

12,306

13,110

10,628

5,397

2,567

7,777

—

53,347

No Score ⁽³⁾

3,799

124

125

126

34,281

—

38,483

Other ⁽²⁾

594

9,160

2,225

6,804

73,598

—

92,549

Total Consumer Lending

148,811

364,552

286,738

185,424

92,919

44,397

369,319

—

1,492,160

Total Loans and Leases

1,829,003

2,268,378

1,874,257

1,450,025

994,336

2,580,223

2,722,313

45,495

13,764,030

Schedule of aging analyses of past due loans and leases

June 30, 2020

Past Due

Loans and

Greater

Leases Past

Than or

Due 90 Days

30-59

60-89

Equal to

or More and

Days

90 Days

Total

Total Loans

Still Accruing

(dollars in thousands)

Past Due

Current

and Leases

Interest

Commercial and industrial

2,535

2,501

2,374

7,410

3,416,298

3,423,708

2,309

Commercial real estate

2,761

1,655

4,510

3,418,989

3,423,499

900

Construction

2,737

—

2,292

5,029

612,906

617,935

248

Lease financing

—

238,287

—

Residential mortgage

2,630

4,778

4,152

11,560

3,680,390

3,691,950

—

Home equity line

2,041

1,591

4,496

8,128

868,363

876,491

4,496

Consumer

11,053

3,103

2,167

16,323

1,475,837

1,492,160

2,167

Total

23,757

12,067

17,136

52,960

13,711,070

13,764,030

10,120

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)	June 30, 2020
Commercial and industrial	$	294
Home equity line		3,928
Total Revolving Loans Converted to Term Loans During the Period	$	4,222


	Six Months Ended
(dollars in thousands)	June 30, 2020
Commercial and industrial	$	28,522
Residential mortgage		296
Home equity line		3,928
Total Revolving Loans Converted to Term Loans During the Period	$	32,746

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


	June 30, 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	$	11,494	$	11,559	$	32
Commercial real estate		13,088		13,168		30
Construction		1,840		2,043		—
Residential mortgage		1,475		6,059		5,406
Total Nonaccrual Loans and Leases	$	27,897	$	32,829	$	5,468

Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases


	December 31, 2019
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	3,825	$	3,841	$	—
Commercial real estate		30		30		—
Residential mortgage		10,425		10,718		—
Total	$	14,280	$	14,589	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	1,126	$	1,126	$	46
Commercial real estate		693		693		27
Residential mortgage		4,539		4,819		130
Total	$	6,358	$	6,638	$	203
Total impaired loans:
Commercial and industrial	$	4,951	$	4,967	$	46
Commercial real estate		723		723		27
Residential mortgage		14,964		15,537		130
Total	$	20,638	$	21,227	$	203

Schedule of average balances, and of interest income recognized from, impaired loans


	Three Months Ended				Six Months Ended
	June 30, 2019				June 30, 2019
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	3,833	$	94	$	4,038	$	175
Commercial real estate		3,102		40		3,740		212
Residential mortgage		7,948		92		8,336		191
Total	$	14,883	$	226	$	16,114	$	578
Impaired loans with a related allowance recorded:
Commercial and industrial	$	5,645	$	61	$	5,187	$	117
Commercial real estate		715		10		719		20
Residential mortgage		7,220		103		7,147		199
Total	$	13,580	$	174	$	13,053	$	336
Total impaired loans:
Commercial and industrial	$	9,478	$	155	$	9,225	$	292
Commercial real estate		3,817		50		4,459		232
Residential mortgage		15,168		195		15,483		390
Total	$	28,463	$	400	$	29,167	$	914

Schedule of information related to loans modified in a TDR


	Three Months Ended					Six Months Ended
	June 30, 2020					June 30, 2020
	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
Total	—	$	—	$	—	1	$	500	$	30

(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.


	Three Months Ended					Six Months Ended
	June 30, 2019					June 30, 2019
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment⁽¹⁾		Allowance		Contracts	Investment⁽¹⁾		Allowance
Commercial and industrial	—	$	—	$	—	4	$	906	$	41
Residential mortgage	—		—		—	1		351		14
Total	—	$	—	$	—	5	$	1,257	$	55

(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.

Schedule of TDRs that defaulted in period within 12 months of their permanent modification date


	Three Months Ended			Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2020			June 30, 2020			June 30, 2019			June 30, 2019
	Number of	Recorded		Number of	Recorded		Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts	Investment⁽¹⁾		Contracts	Investment⁽¹⁾		Contracts	Investment⁽¹⁾		Contracts	Investment⁽¹⁾
Commercial and industrial⁽²⁾	1	$	500	1	$	500	4	$	906	4	$	906
Residential mortgage⁽³⁾	—		—	—		—	1		351	1		351
Total	1	$	500	1	$	500	5	$	1,257	5	$	1,257