ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Summary of Changes in Allowance for Credit Losses by Loan and Lease Class

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 September 30, 2022
Commercial real estate	$	157.9	$	(1.3)	$	0.5	$	(0.8)	$	(1.8)	$	155.3
Commercial and industrial	94.3		(0.8)		0.9		0.1		1.8		96.2
Commercial leases	13.7		—		—		—		0.5		14.2
Other	4.2		(0.9)		0.3		(0.6)		0.6		4.2
Total commercial loans and leases	270.1		(3.0)		1.7		(1.3)		1.1		269.9
Direct installment	34.2		(0.2)		0.1		(0.1)		2.0		36.1
Residential mortgages	47.2		(0.3)		0.2		(0.1)		4.3		51.4
Indirect installment	16.0		(1.9)		0.6		(1.3)		2.4		17.1
Consumer lines of credit	10.5		(0.3)		0.3		—		0.3		10.8
Total consumer loans	107.9		(2.7)		1.2		(1.5)		9.0		115.4
Total allowance for credit losses on loans and leases	378.0		(5.7)		2.9		(2.8)		10.1		385.3
Allowance for unfunded loan commitments	18.2		—		—		—		1.1		19.3
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	396.2	$	(5.7)	$	2.9	$	(2.8)	$	11.2	$	404.6

(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
Nine Months Ended September 30, 2022
Commercial real estate	$	156.5	$	(2.9)	$	2.6	$	(0.3)	$	(5.3)	$	4.4	$	155.3
Commercial and industrial	87.4		(5.1)		4.9		(0.2)		5.6		3.4		96.2
Commercial leases	14.7		(0.1)		—		(0.1)		(0.4)		—		14.2
Other	2.6		(2.3)		0.8		(1.5)		3.1		—		4.2
Total commercial loans and leases	261.2		(10.4)		8.3		(2.1)		3.0		7.8		269.9
Direct installment	26.4		(0.4)		0.5		0.1		9.1		0.5		36.1
Residential mortgages	33.1		(0.6)		0.5		(0.1)		17.1		1.3		51.4
Indirect installment	13.5		(4.1)		1.7		(2.4)		6.0		—		17.1
Consumer lines of credit	10.1		(0.7)		0.9		0.2		0.1		0.4		10.8
Total consumer loans	83.1		(5.8)		3.6		(2.2)		32.3		2.2		115.4
Total allowance for credit losses on loans and leases	344.3		(16.2)		11.9		(4.3)		35.3		10.0		385.3
Allowance for unfunded loan commitments	19.1		—		—		—		0.2		—		19.3
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	363.4	$	(16.2)	$	11.9	$	(4.3)	$	35.5	$	10.0	$	404.6

(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 September 30, 2021
Commercial real estate	$	176	$	(3)	$	2	$	(1)	$	(14)	$	161
Commercial and industrial	81		(2)		2		—		6		87
Commercial leases	16		—		—		—		—		16
Other	1		—		—		—		1		2
Total commercial loans and leases	274		(5)		4		(1)		(7)		266
Direct installment	27		(1)		—		(1)		—		26
Residential mortgages	33		—		—		—		—		33
Indirect installment	12		—		—		—		1		13
Consumer lines of credit	11		(1)		1		—		—		11
Total consumer loans	83		(2)		1		(1)		1		83
Total allowance for credit losses on loans and leases	357		(7)		5		(2)		(6)		349
Allowance for unfunded loan commitments	14		—		—		—		4		18
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	371	$	(7)	$	5	$	(2)	$	(2)	$	367
Nine Months Ended September 30, 2021
Commercial real estate	$	181	$	(9)	$	5	$	(4)	$	(16)	$	161
Commercial and industrial	81		(11)		4		(7)		13		87
Commercial leases	17		—		1		1		(2)		16
Other	1		(2)		1		(1)		2		2
Total commercial loans and leases	280		(22)		11		(11)		(3)		266
Direct installment	26		(1)		—		(1)		1		26
Residential mortgages	34		—		—		—		(1)		33
Indirect installment	11		(3)		2		(1)		3		13
Consumer lines of credit	12		(1)		1		—		(1)		11
Total consumer loans	83		(5)		3		(2)		2		83
Total allowance for credit losses on loans and leases	363		(27)		14		(13)		(1)		349
Allowance for unfunded loan commitments	14		—		—		—		4		18
Total allowance for credit losses on loans and leases and allowance for unfunded loan commitments	$	377	$	(27)	$	14	$	(13)	$	3	$	367

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

TABLE 6.2

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
(in millions)
Balance at beginning of period	$	18	$	14	$	19	$	14
Provision for unfunded loan commitments and letters of credit:
Commercial portfolio	1		4		—		4
Consumer portfolio	—		—		—		—
Balance at end of period	$	19	$	18	$	19	$	18