ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Following is a summary of changes in the ACL, by loan and lease class:

TABLE 6.1


(in millions)	Balance at Beginning of Period		Charge- Offs		Recoveries		Net (Charge- Offs) Recoveries		Provision for Credit Losses		Balance at End of Period
Three Months Ended June 30, 2022
Commercial real estate	$	165.7	$	(0.6)	$	0.7	$	0.1	$	(7.9)	$	157.9
Commercial and industrial	91.7		(1.1)		2.7		1.6		1.0		94.3
Commercial leases	13.8		—		—		—		(0.1)		13.7
Other	3.8		(0.7)		0.3		(0.4)		0.8		4.2
Total commercial loans and leases	275.0		(2.4)		3.7		1.3		(6.2)		270.1
Direct installment	31.2		(0.2)		0.2		—		3.0		34.2
Residential mortgages	39.7		(0.2)		0.1		(0.1)		7.6		47.2
Indirect installment	14.2		(1.2)		0.4		(0.8)		2.6		16.0
Consumer lines of credit	10.5		(0.2)		0.2		—		—		10.5
Total consumer loans	95.6		(1.8)		0.9		(0.9)		13.2		107.9
Total allowance for credit losses on loans and leases	370.6		(4.2)		4.6		0.4		7.0		378.0
Allowance for unfunded loan commitments	18.8		—		—		—		(0.6)		18.2
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	389.4	$	(4.2)	$	4.6	$	0.4	$	6.4	$	396.2


(in millions)	Balance at Beginning of Period		Charge- Offs		Recoveries		Net (Charge- Offs) Recoveries		Provision for Credit Losses		Allowance for PCD Loans and Leases at Acquisition		Balance at End of Period















Six Months Ended June 30, 2022
Commercial real estate	$	156.5	$	(1.6)	$	2.1	$	0.5	$	(3.5)	$	4.4	$	157.9
Commercial and industrial	87.4		(4.3)		4.0		(0.3)		3.8		3.4		94.3
Commercial leases	14.7		(0.1)		—		(0.1)		(0.9)		—		13.7
Other	2.6		(1.4)		0.5		(0.9)		2.5		—		4.2
Total commercial loans and leases	261.2		(7.4)		6.6		(0.8)		1.9		7.8		270.1
Direct installment	26.4		(0.2)		0.4		0.2		7.1		0.5		34.2
Residential mortgages	33.1		(0.3)		0.3		—		12.8		1.3		47.2
Indirect installment	13.5		(2.2)		1.1		(1.1)		3.6		—		16.0
Consumer lines of credit	10.1		(0.4)		0.6		0.2		(0.2)		0.4		10.5
Total consumer loans	83.1		(3.1)		2.4		(0.7)		23.3		2.2		107.9
Total allowance for credit losses on loans and leases	344.3		(10.5)		9.0		(1.5)		25.2		10.0		378.0
Allowance for unfunded loan commitments	19.1		—		—		—		(0.9)		—		18.2
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	363.4	$	(10.5)	$	9.0	$	(1.5)	$	24.3	$	10.0	$	396.2


(in millions)	Balance at Beginning of Period		Charge- Offs		Recoveries		Net Charge- Offs		Provision for Credit Losses		Balance at End of Period
Three Months Ended June 30, 2021
Commercial real estate	$	184	$	(5)	$	2	$	(3)	$	(5)	$	176
Commercial and industrial	79		(1)		1		—		2		81
Commercial leases	17		—		—		—		(1)		16
Other	1		(1)		—		(1)		1		1
Total commercial loans and leases	281		(7)		3		(4)		(3)		274
Direct installment	26		—		—		—		1		27
Residential mortgages	32		—		—		—		1		33
Indirect installment	11		(1)		1		—		1		12
Consumer lines of credit	12		—		—		—		(1)		11
Total consumer loans	81		(1)		1		—		2		83
Total allowance for credit losses on loans and leases	362		(8)		4		(4)		(1)		357
Allowance for unfunded loan commitments	14		—		—		—		—		14
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	376	$	(8)	$	4	$	(4)	$	(1)	$	371
Six Months Ended June 30, 2021
Commercial real estate	$	181	$	(6)	$	3	$	(3)	$	(2)	$	176
Commercial and industrial	81		(9)		2		(7)		7		81
Commercial leases	17		—		1		1		(2)		16
Other	1		(2)		1		(1)		1		1
Total commercial loans and leases	280		(17)		7		(10)		4		274
Direct installment	26		—		—		—		1		27
Residential mortgages	34		—		—		—		(1)		33
Indirect installment	11		(3)		2		(1)		2		12
Consumer lines of credit	12		—		—		—		(1)		11
Total consumer loans	83		(3)		2		(1)		1		83
Total allowance for credit losses on loans and leases	363		(20)		9		(11)		5		357
Allowance for unfunded loan commitments	14		—		—		—		—		14
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	377	$	(20)	$	9	$	(11)	$	5	$	371

Following is a summary of changes in the AULC by portfolio segment:

TABLE 6.2


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
(in millions)
Balance at beginning of period	$	19	$	14	$	19	$	14
Provision for unfunded loan commitments and letters of credit:
Commercial portfolio	(1)		—		(1)		—
Consumer portfolio	—		—		—		—






Balance at end of period	$	18	$	14	$	18	$	14