XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2
Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2022
Allowance for Credit Losses  
Schedule of activity in the allowance by class of loans and lease

Three Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

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

$

19,160

$

45,238

$

8,908

$

1,362

$

30,888

$

5,084

$

39,640

$

150,280

Charge-offs

(243)

(1,120)

(3,659)

(5,022)

Recoveries

301

60

192

191

1,940

2,684

Provision

(3,294)

(512)

(3,541)

(24)

2,555

579

5,237

1,000

Balance at end of period

$

15,924

$

44,726

$

5,367

$

1,398

$

33,635

$

4,734

$

43,158

$

148,942

Six Months Ended June 30, 2022

Commercial Lending

Residential Lending

Commercial

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

$

20,080

$

42,951

$

9,773

$

1,659

$

34,364

$

5,642

$

42,793

$

157,262

Charge-offs

(949)

(1,163)

(7,768)

(9,880)

Recoveries

354

14

60

208

219

4,088

4,943

Provision

(3,561)

1,761

(4,406)

(321)

(937)

36

4,045

(3,383)

Balance at end of period

$

15,924

$

44,726

$

5,367

$

1,398

$

33,635

$

4,734

$

43,158

$

148,942

Three Months Ended June 30, 2021

Commercial Lending

Residential Lending

Commercial

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

$

27,322

$

51,691

$

10,552

$

3,197

$

38,471

$

6,668

$

62,465

$

200,366

Charge-offs

(330)

(3,917)

(4,247)

Recoveries

287

12

14

38

2,797

3,148

Provision

(4,216)

(4,670)

(400)

(130)

(4,277)

(456)

(15,970)

(30,119)

Balance at end of period

$

23,063

$

47,033

$

10,152

$

3,067

$

34,208

$

6,250

$

45,375

$

169,148

Six Months Ended June 30, 2021

Commercial Lending

Residential Lending

Commercial

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 year

$

24,711

$

58,123

$

10,039

$

3,298

$

40,461

$

7,163

$

64,659

$

208,454

Charge-offs

(1,293)

(66)

(98)

(10,458)

(11,915)

Recoveries

502

15

166

31

62

5,452

6,228

Provision

(857)

(11,039)

(53)

(231)

(6,186)

(975)

(14,278)

(33,619)

Balance at end of period

$

23,063

$

47,033

$

10,152

$

3,067

$

34,208

$

6,250

$

45,375

$

169,148

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

Three Months Ended June 30, 2022

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

$

9,308

$

1,789

$

8,046

$

$

3

$

9,766

$

46

$

28,958

Provision

(1,668)

1,961

(1,962)

29

1,657

(17)

Balance at end of period

$

7,640

$

3,750

$

6,084

$

$

32

$

11,423

$

29

$

28,958

Six Months Ended June 30, 2022

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

$

8,615

$

2,114

$

8,963

$

$

15

$

10,546

$

69

$

30,322

Provision

(975)

1,636

(2,879)

17

877

(40)

(1,364)

Balance at end of period

$

7,640

$

3,750

$

6,084

$

$

32

$

11,423

$

29

$

28,958

Three Months Ended June 30, 2021

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

$

16,129

$

1,112

$

8,313

$

$

$

8,500

$

49

$

34,103

Provision

(3,321)

(134)

(440)

(979)

(7)

(4,881)

Balance at end of period

$

12,808

$

978

$

7,873

$

$

$

7,521

$

42

$

29,222

Six Months Ended June 30, 2021

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

$

11,719

$

1,328

$

9,037

$

$

2

$

8,452

$

65

$

30,603

Provision

1,089

(350)

(1,164)

(2)

(931)

(23)

(1,381)

Balance at end of period

$

12,808

$

978

$

7,873

$

$

$

7,521

$

42

$

29,222

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, 2022 was as follows:

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

Amortized

Amortized

(dollars in thousands)

2022

2021

2020

2019

2018

Prior

Cost Basis

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

$

216,303

$

421,981

$

66,601

$

182,175

$

60,586

$

156,647

$

697,256

$

19,128

$

1,820,677

Special Mention

2,816

316

1,628

2,822

748

5,295

1,073

841

15,539

Substandard

320

1,103

1,605

1,019

879

16,214

114

21,254

Other (1)

12,807

9,613

11,531

5,366

3,075

1,576

40,694

84,662

Total Commercial and Industrial

231,926

432,230

80,863

191,968

65,428

164,397

755,237

20,083

1,942,132

Commercial Real Estate

Risk rating:

Pass

516,062

695,446

338,391

516,210

459,372

1,270,438

84,174

3,880,093

Special Mention

562

47,781

11,140

695

60,178

Substandard

180

1,742

14,476

3

16,401

Other (1)

156

156

Total Commercial Real Estate

516,062

695,446

339,133

563,991

461,114

1,296,210

84,872

3,956,828

Construction

Risk rating:

Pass

39,575

193,588

127,677

85,471

115,881

88,509

14,965

665,666

Special Mention

236

350

586

Substandard

351

498

849

Other (1)

13,228

29,529

6,049

2,849

3,913

4,151

951

60,670

Total Construction

52,803

223,117

133,726

88,556

120,145

93,508

15,916

727,771

Lease Financing

Risk rating:

Pass

41,656

26,813

49,889

43,989

7,801

68,457

238,605

Special Mention

457

2,642

1,358

11

17

4,485

Substandard

195

16

14

1,347

1,572

Total Lease Financing

41,656

27,270

52,726

45,363

7,826

69,821

244,662

Total Commercial Lending

$

842,447

$

1,378,063

$

606,448

$

889,878

$

654,513

$

1,623,936

$

856,025

$

20,083

$

6,871,393

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

(continued)

Amortized

Amortized

(dollars in thousands)

2022

2021

2020

2019

2018

Prior

Cost Basis

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

$

352,342

$

1,069,214

$

587,478

$

252,428

$

178,752

$

974,057

$

$

$

3,414,271

680 - 739

46,224

124,306

79,422

45,117

21,882

144,226

461,177

620 - 679

5,305

19,143

14,291

5,405

3,892

38,470

86,506

550 - 619

169

1,943

294

226

2,073

8,017

12,722

Less than 550

2,085

1,242

60

340

4,656

8,383

No Score (3)

10,652

14,868

7,544

13,471

16,488

54,373

117,396

Other (2)

20,365

19,445

15,580

9,552

9,757

31,304

4,999

1,311

112,313

Total Residential Mortgage

437,142

1,250,161

704,669

326,199

233,184

1,255,103

4,999

1,311

4,212,768

Home Equity Line

FICO:

740 and greater

748,148

2,227

750,375

680 - 739

157,042

3,106

160,148

620 - 679

40,070

2,454

42,524

550 - 619

9,202

1,601

10,803

Less than 550

1,159

491

1,650

No Score (3)

6,069

6,069

Total Home Equity Line

961,690

9,879

971,569

Total Residential Lending

437,142

1,250,161

704,669

326,199

233,184

1,255,103

966,689

11,190

5,184,337

Consumer Lending

FICO:

740 and greater

115,911

132,565

66,828

59,155

38,001

17,426

117,266

203

547,355

680 - 739

53,590

80,240

45,783

41,393

23,562

13,947

67,636

566

326,717

620 - 679

11,760

35,430

17,746

22,180

13,928

11,374

30,079

1,018

143,515

550 - 619

1,000

6,548

6,576

10,400

7,652

6,801

10,044

1,026

50,047

Less than 550

379

1,758

2,973

5,022

2,547

2,525

3,047

483

18,734

No Score (3)

1,087

402

9

52

31

45

37,536

303

39,465

Other (2)

1,675

4,218

358

1,674

2,152

71,141

81,218

Total Consumer Lending

185,402

261,161

140,273

139,876

85,721

54,270

336,749

3,599

1,207,051

Total Loans and Leases

$

1,464,991

$

2,889,385

$

1,451,390

$

1,355,953

$

973,418

$

2,933,309

$

2,159,463

$

34,872

$

13,262,781

(1)Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score.
(2)Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating.
(3)No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.

The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of December 31, 2021 was as follows:

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

Amortized

Amortized

(dollars in thousands)

2021

2020

2019

2018

2017

Prior

Cost Basis

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

$

623,098

$

129,665

$

223,388

$

88,409

$

29,380

$

168,591

$

644,947

$

40,193

$

1,947,671

Special Mention

397

4,382

4,213

12,552

974

5,313

4,804

986

33,621

Substandard

354

1,380

1,951

1,285

60

3,551

17,893

1,043

27,517

Other (1)

13,277

7,070

7,741

4,453

1,995

370

43,384

78,290

Total Commercial and Industrial

637,126

142,497

237,293

106,699

32,409

177,825

711,028

42,222

2,087,099

Commercial Real Estate

Risk rating:

Pass

693,370

338,140

533,887

487,739

415,186

940,732

78,479

14,891

3,502,424

Special Mention

48,499

7,470

25,513

30,255

7,600

119,337

Substandard

1,776

164

15,303

459

17,702

Other (1)

160

160

Total Commercial Real Estate

693,370

338,140

582,386

496,985

440,863

986,450

86,538

14,891

3,639,623

Construction

Risk rating:

Pass

154,558

107,767

210,314

155,311

62,770

48,021

22,859

761,600

Special Mention

244

707

356

1,307

Substandard

363

839

1,202

Other (1)

26,835

8,875

4,317

4,308

2,684

2,048

793

49,860

Total Construction

181,393

116,642

214,875

160,689

65,454

51,264

23,652

813,969

Lease Financing

Risk rating:

Pass

33,980

60,650

48,236

9,449

15,009

57,130

224,454

Special Mention

501

2,702

1,506

311

153

5,173

Substandard

270

140

16

871

470

1,767

Total Lease Financing

34,481

63,622

49,882

9,776

16,033

57,600

231,394

Total Commercial Lending

$

1,546,370

$

660,901

$

1,084,436

$

774,149

$

554,759

$

1,273,139

$

821,218

$

57,113

$

6,772,085

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Loans

(continued)

Amortized

Amortized

(dollars in thousands)

2021

2020

2019

2018

2017

Prior

Cost Basis

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

$

1,101,958

$

635,061

$

286,993

$

198,622

$

251,906

$

829,175

$

$

$

3,303,715

680 - 739

140,997

81,590

45,163

27,315

32,855

125,906

453,826

620 - 679

15,781

11,943

5,268

10,149

9,069

37,404

89,614

550 - 619

1,735

873

698

533

2,033

7,475

13,347

Less than 550

345

2,603

2,838

5,786

No Score (3)

18,882

7,938

15,051

18,107

17,333

42,185

119,496

Other (2)

25,625

16,263

10,242

11,297

16,242

17,152

44

718

97,583

Total Residential Mortgage

1,304,978

753,668

363,415

266,368

332,041

1,062,135

44

718

4,083,367

Home Equity Line

FICO:

740 and greater

671,566

1,873

673,439

680 - 739

141,889

3,968

145,857

620 - 679

37,815

2,500

40,315

550 - 619

9,090

948

10,038

Less than 550

2,574

68

2,642

No Score (3)

4,317

4,317

Total Home Equity Line

867,251

9,357

876,608

Total Residential Lending

1,304,978

753,668

363,415

266,368

332,041

1,062,135

867,295

10,075

4,959,975

Consumer Lending

FICO:

740 and greater

155,929

83,337

79,617

56,707

24,525

8,067

117,843

209

526,234

680 - 739

93,214

56,327

55,126

34,049

17,527

6,315

69,366

707

332,631

620 - 679

41,671

21,986

28,491

19,403

12,952

5,324

31,165

1,175

162,167

550 - 619

7,836

8,265

13,265

10,497

7,469

3,244

10,359

1,089

62,024

Less than 550

2,272

3,867

6,646

3,484

2,739

1,175

3,195

536

23,914

No Score (3)

481

19

56

40

65

2

35,414

320

36,397

Other (2)

4,737

365

1,712

17

2,182

31

77,528

86,572

Total Consumer Lending

306,140

174,166

184,913

124,197

67,459

24,158

344,870

4,036

1,229,939

Total Loans and Leases

$

3,157,488

$

1,588,735

$

1,632,764

$

1,164,714

$

954,259

$

2,359,432

$

2,033,383

$

71,224

$

12,961,999

(1)Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score.
(2)Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating.
(3)No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.
Schedule of revolving loans that were converted to term loans

Three Months Ended

(dollars in thousands)

June 30, 2022

Commercial and industrial

$

277

Home equity line

1,057

Consumer

336

Total Revolving Loans Converted to Term Loans During the Period

$

1,670

Six Months Ended

(dollars in thousands)

June 30, 2022

Commercial and industrial

$

480

Home equity line

2,072

Consumer

690

Total Revolving Loans Converted to Term Loans During the Period

$

3,242

Three Months Ended

(dollars in thousands)

June 30, 2021

Commercial and industrial

$

30

Home equity line

538

Consumer

443

Total Revolving Loans Converted to Term Loans During the Period

$

1,011

Six Months Ended

(dollars in thousands)

June 30, 2021

Commercial and industrial

$

259

Home equity line

1,617

Consumer

936

Total Revolving Loans Converted to Term Loans During the Period

$

2,812

Schedule of aging analyses of past due loans and leases

June 30, 2022

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

$

4,848

$

630

$

2,798

$

8,276

$

1,933,856

$

1,942,132

$

2,230

Commercial real estate

5,101

903

6,004

3,950,824

3,956,828

176

Construction

93

352

445

727,326

727,771

352

Lease financing

244,662

244,662

Residential mortgage

4,445

2,090

3,955

10,490

4,202,278

4,212,768

750

Home equity line

8,627

551

1,039

10,217

961,352

971,569

1,039

Consumer

24,744

3,544

1,218

29,506

1,177,545

1,207,051

1,218

Total

$

47,858

$

6,815

$

10,265

$

64,938

$

13,197,843

$

13,262,781

$

5,765

December 31, 2021

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

$

1,195

$

1,195

$

1,318

$

3,708

$

2,083,391

$

2,087,099

$

740

Commercial real estate

631

631

3,638,992

3,639,623

Construction

162

162

813,807

813,969

Lease financing

231,394

231,394

Residential mortgage

3,030

1,002

5,617

9,649

4,073,718

4,083,367

987

Home equity line

1,538

538

3,681

5,757

870,851

876,608

3,681

Consumer

16,534

3,366

1,800

21,700

1,208,239

1,229,939

1,800

Total

$

23,090

$

6,101

$

12,416

$

41,607

$

12,920,392

$

12,961,999

$

7,208

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

June 30, 2022

Nonaccrual

Loans

and Leases

With No

Nonaccrual

Allowance

Loans

(dollars in thousands)

  

for Credit Losses

and Leases

Commercial and industrial

$

$

682

Commercial real estate

727

727

Residential mortgage

2,153

6,450

Total Nonaccrual Loans and Leases

$

2,880

$

7,859

December 31, 2021

Nonaccrual

Loans

and Leases

With No

Nonaccrual

Allowance

Loans

(dollars in thousands)

  

for Credit Losses

and Leases

Commercial and industrial

$

$

718

Commercial real estate

727

727

Residential mortgage

1,192

5,637

Total Nonaccrual Loans and Leases

$

1,919

$

7,082

Schedule of information related to loans modified in a TDR

Three Months Ended

Six Months Ended

June 30, 2022

June 30, 2022

Number of

Recorded

Related

Number of

Recorded

Related

(dollars in thousands)

  

Contracts(1)

  

Investment(2)

  

ACL

  

Contracts(1)

  

Investment(2)

  

ACL

Residential mortgage

1

$

260

$

34

1

$

260

$

34

Consumer

66

514

143

201

2,107

346

Total

67

$

774

$

177

202

$

2,367

$

380

Three Months Ended

Six Months Ended

June 30, 2021

June 30, 2021

Number of

Recorded

Related

Number of

Recorded

Related

(dollars in thousands)

  

Contracts(1)

  

Investment(2)

  

ACL

  

Contracts(1)

  

Investment(2)

  

ACL

Commercial and industrial

1

$

246

$

13

15

$

2,545

$

170

Commercial real estate

1

382

98

1

382

98

Construction

2

708

86

Residential mortgage

3

751

143

13

5,629

240

Consumer

186

1,797

407

1,728

15,868

2,274

Total

191

$

3,176

$

661

1,759

$

25,132

$

2,868

(1)The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
(2)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, 2022

June 30, 2022

June 30, 2021

June 30, 2021

Number of

Recorded

Number of

Recorded

Number of

Recorded

Number of

Recorded

(dollars in thousands)

    

Contracts(1)

  

Investment(2)

  

Contracts(1)

  

Investment(2)

  

Contracts(1)

  

Investment(2)

  

Contracts(1)

  

Investment(2)

Commercial and industrial

2

$

541

3

$

655

$

2

$

387

Construction

1

361

Residential mortgage

1

371

1

371

Consumer

151

2,197

229

3,250

135

1,944

158

2,260

Total

153

$

2,738

232

$

3,905

136

$

2,315

162

$

3,379

(1)The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
(2)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.