Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Summary of Loans and Leases, Net of Unearned Income

Following is a summary of loans and leases, net of unearned income:

	Originated Loans		Acquired Loans		Total Loans and Leases
June 30, 2015
Commercial real estate	$	3,178,219	$	674,388	$	3,852,607
Commercial and industrial		2,343,213		110,655		2,453,868
Commercial leases		190,881		—		190,881
Total commercial loans and leases		5,712,313		785,043		6,497,356
Direct installment		1,623,290		53,059		1,676,349
Residential mortgages		953,840		396,662		1,350,502
Indirect installment		941,851		950		942,801
Consumer lines of credit		972,474		146,496		1,118,970
Other		40,809		—		40,809
	$	10,244,577	$	1,382,210	$	11,626,787
December 31, 2014
Commercial real estate	$	3,031,810	$	783,898	$	3,815,708
Commercial and industrial		2,197,793		120,222		2,318,015
Commercial leases		177,824		—		177,824
Total commercial loans and leases		5,407,427		904,120		6,311,547
Direct installment		1,579,770		64,851		1,644,621
Residential mortgages		817,586		445,467		1,263,053
Indirect installment		873,645		1,906		875,551
Consumer lines of credit		946,427		164,549		1,110,976
Other		41,290		—		41,290
	$	9,666,145	$	1,580,893	$	11,247,038

Summary of Outstanding Principal Balance and Carrying Amount of Acquired Loans

The outstanding balance and the carrying amount of acquired loans included in the consolidated balance sheet are as follows:

	June 30, 2015		December 31, 2014
Accounted for under ASC 310-30:
Outstanding balance	$	1,423,534	$	1,597,558
Carrying amount		1,169,717		1,344,171
Accounted for under ASC 310-20:
Outstanding balance		219,358		242,488
Carrying amount		205,548		228,748
Total acquired loans:
Outstanding balance		1,642,892		1,840,046
Carrying amount		1,375,265		1,572,919

Summary of Change in Accretable Yield of Acquired Loans

The following table provides changes in accretable yield for all acquired loans accounted for under ASC 310-30. Loans accounted for under ASC 310-20 are not included in this table.

	Six Months Ended
	June 30,
	2015			2014
Balance at beginning of period	$	331,899		$	305,646
Reduction due to unexpected early payoffs		(25,735	)		(18,821	)
Reclass from non-accretable difference		15,653			2,605
Disposals/transfers		(348	)		(2,130	)
Accretion		(31,656	)		(28,275	)
Balance at end of period	$	289,813		$	259,025

Summary of Non-Performing Assets

Following is a summary of non-performing assets:

	June 30, 2015			December 31, 2014
Non-accrual loans	$	45,396		$	45,113
Troubled debt restructurings		22,916			23,439
Total non-performing loans		68,312			68,552
Other real estate owned (OREO)		40,190			41,466
Total non-performing assets	$	108,502		$	110,018
Asset quality ratios:
Non-performing loans as a percent of total loans and leases		0.59	%		0.61	%
Non-performing loans + OREO as a percent of total loans and leases + OREO		0.93	%		0.97	%
Non-performing assets as a percent of total assets		0.65	%		0.68	%

Age Analysis of Past Due Loans, by Class

The following tables provide an analysis of the aging of the Corporation’s past due loans by class, segregated by loans and leases originated and loans acquired:

	30-89 Days Past Due		³ 90 Days Past Due and Still Accruing		Non-Accrual		Total Past Due		Current		Total Loans and Leases
Originated Loans and Leases
June 30, 2015
Commercial real estate	$	6,054	$	3	$	24,652	$	30,709	$	3,147,510	$	3,178,219
Commercial and industrial		2,800		3		8,966		11,769		2,331,444		2,343,213
Commercial leases		818		—		699		1,517		189,364		190,881
Total commercial loans and leases		9,672		6		34,317		43,995		5,668,318		5,712,313
Direct installment		9,414		2,969		5,656		18,039		1,605,251		1,623,290
Residential mortgages		8,198		1,536		3,767		13,501		940,339		953,840
Indirect installment		7,040		358		898		8,296		933,555		941,851
Consumer lines of credit		2,192		975		694		3,861		968,613		972,474
Other		65		73		—		138		40,671		40,809
	$	36,581	$	5,917	$	45,332	$	87,830	$	10,156,747	$	10,244,577
December 31, 2014
Commercial real estate	$	9,601	$	313	$	24,132	$	34,046	$	2,997,764	$	3,031,810
Commercial and industrial		2,446		3		8,310		10,759		2,187,034		2,197,793
Commercial leases		961		43		722		1,726		176,098		177,824
Total commercial loans and leases		13,008		359		33,164		46,531		5,360,896		5,407,427
Direct installment		9,333		3,617		7,117		20,067		1,559,703		1,579,770
Residential mortgages		8,709		3,891		2,964		15,564		802,022		817,586
Indirect installment		7,804		684		1,149		9,637		864,008		873,645
Consumer lines of credit		2,408		562		719		3,689		942,738		946,427
Other		13		135		—		148		41,142		41,290
	$	41,275	$	9,248	$	45,113	$	95,636	$	9,570,509	$	9,666,145

	30-89 Days Past Due		³ 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due (1) (2)		Current		Discount			Total Loans
Acquired Loans
June 30, 2015
Commercial real estate	$	10,618	$	11,098	$	—	$	21,716	$	691,401	$	(38,729	)	$	674,388
Commercial and industrial		528		756		64		1,348		117,132		(7,825	)		110,655
Total commercial loans		11,146		11,854		64		23,064		808,533		(46,554	)		785,043
Direct installment		1,108		1,057		—		2,165		49,963		931			53,059
Residential mortgages		7,909		15,688		—		23,597		410,919		(37,854	)		396,662
Indirect installment		21		17		—		38		1,149		(237	)		950
Consumer lines of credit		654		1,474		—		2,128		148,470		(4,102	)		146,496
	$	20,838	$	30,090	$	64	$	50,992	$	1,419,034	$	(87,816	)	$	1,382,210
December 31, 2014
Commercial real estate	$	12,076	$	12,368		—	$	24,444	$	799,991	$	(40,537	)	$	783,898
Commercial and industrial		687		1,968		—		2,655		127,535		(9,968	)		120,222
Total commercial loans		12,763		14,336		—		27,099		927,526		(50,505	)		904,120
Direct installment		2,670		1,443		—		4,113		59,532		1,206			64,851
Residential mortgages		8,159		19,936		—		28,095		456,810		(39,438	)		445,467
Indirect installment		38		30		—		68		2,179		(341	)		1,906
Consumer lines of credit		1,048		2,279		—		3,327		166,912		(5,690	)		164,549
	$	24,678	$	38,024		—	$	62,702	$	1,612,959	$	(94,768	)	$	1,580,893

(1) Past due information for acquired loans is based on the contractual balance outstanding at June 30, 2015 and December 31, 2014.

(2) Acquired loans are considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if the Corporation can reasonably estimate the timing and amount of expected cash flows on such loans. Accordingly, the Corporation does not consider acquired contractually delinquent loans to be non-accrual or non-performing and continues to recognize interest income on these loans using the accretion method.

Summary of Commercial Loans and Leases by Credit Quality

The following tables present a summary of the Corporation’s commercial loans and leases by credit quality category, segregated by loans and leases originated and loans acquired:

	Commercial Loan and Lease Credit Quality Categories
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans and Leases
June 30, 2015
Commercial real estate	$	3,056,070	$	59,893	$	61,601	$	655	$	3,178,219
Commercial and industrial		2,244,956		60,547		36,140		1,570		2,343,213
Commercial leases		187,988		2,002		891		—		190,881
	$	5,489,014	$	122,442	$	98,632	$	2,225	$	5,712,313
December 31, 2014
Commercial real estate	$	2,890,830	$	58,630	$	81,951	$	399	$	3,031,810
Commercial and industrial		2,085,893		71,420		39,684		796		2,197,793
Commercial leases		174,677		2,198		949		—		177,824
	$	5,151,400	$	132,248	$	122,584	$	1,195	$	5,407,427
Acquired Loans
June 30, 2015
Commercial real estate	$	533,067	$	61,595	$	79,726		—	$	674,388
Commercial and industrial		97,178		4,076		9,401		—		110,655
	$	630,245	$	65,671	$	89,127		—	$	785,043
December 31, 2014
Commercial real estate	$	610,260	$	73,891	$	99,747		—	$	783,898
Commercial and industrial		103,862		3,506		12,854		—		120,222
	$	714,122	$	77,397	$	112,601		—	$	904,120

Summary of Consumer Loans by Payment Status

Following is a table showing originated consumer loans by payment status:

	Consumer Loan Credit Quality by Payment Status
	Performing		Non- Performing		Total
June 30, 2015
Direct installment	$	1,608,934	$	14,356	$	1,623,290
Residential mortgages		939,368		14,472		953,840
Indirect installment		940,799		1,052		941,851
Consumer lines of credit		970,554		1,920		972,474
Other		40,809		—		40,809
December 31, 2014
Direct installment	$	1,565,090	$	14,680	$	1,579,770
Residential mortgages		802,522		15,064		817,586
Indirect installment		872,340		1,305		873,645
Consumer lines of credit		944,631		1,796		946,427
Other		41,290		—		41,290

Summary of Impaired Loans and Leases, by Class

Following is a summary of information pertaining to originated loans and leases considered to be impaired, by class of loan and lease:

	Unpaid Contractual Principal Balance		Recorded Investment With No Specific Reserve		Recorded Investment With Specific Reserve		Total Recorded Investment		Specific Reserve		Average Recorded Investment
At or for the Six Months Ended June 30, 2015
Commercial real estate	$	35,137	$	25,753	$	822	$	26,575	$	655	$	26,301
Commercial and industrial		10,130		7,325		1,909		9,234		1,570		9,650
Commercial leases		699		699		—		699		—		716
Total commercial loans and leases		45,966		33,777		2,731		36,508		2,225		36,667
Direct installment		15,043		14,356		—		14,356		—		14,322
Residential mortgages		14,962		14,472		—		14,472		—		15,076
Indirect installment		2,782		1,052		—		1,052		—		1,208
Consumer lines of credit		2,079		1,920		—		1,920		—		1,808
Other		—		—		—		—		—		—
	$	80,832	$	65,577	$	2,731	$	68,308	$	2,225	$	69,081
At or for the Year Ended December 31, 2014
Commercial real estate	$	34,583	$	25,443	$	883	$	26,326	$	399	$	30,807
Commercial and industrial		11,412		7,609		1,948		9,557		780		9,510
Commercial leases		722		722		—		722		—		686
Total commercial loans and leases		46,717		33,774		2,831		36,605		1,179		41,003
Direct installment		14,987		14,680		—		14,680		—		14,248
Residential mortgages		16,791		15,064		—		15,064		—		16,924
Indirect installment		1,467		1,305		—		1,305		—		1,399
Consumer lines of credit		1,803		1,796		—		1,796		—		1,793
Other		—		—		—		—		—		—
	$	81,765	$	66,619	$	2,831	$	69,450	$	1,179	$	75,367

Summary of Payment Status of Total TDRs

Following is a summary of the payment status of total TDRs:

	June 30, 2015		December 31, 2014
Accruing:
Performing	$	11,669	$	9,441
Non-performing		22,916		23,439
Non-accrual		8,406		8,272
	$	42,991	$	41,152

Summary of Troubled Debt Restructurings by Class of Loans

The majority of TDRs are the result of interest rate concessions for a limited period of time. Following is a summary of loans, by class, that have been restructured:

	Three Months Ended June 30, 2015						Six Months Ended June 30, 2015
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		—	$	—	$	—		2	$	312	$	176
Commercial and industrial		1		5		4		1		5		4
Total commercial loans		1		5		4		3		317		180
Direct installment		110		1,761		1,729		241		3,310		3,201
Residential mortgages		7		231		234		21		812		846
Indirect installment		5		14		13		10		30		30
Consumer lines of credit		14		250		249		30		520		519
Other		—		—		—		—		—		—
		137	$	2,261	$	2,229		305	$	4,989	$	4,776
	Three Months Ended June 30, 2014						Six Months Ended June 30, 2014
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		8	$	2,508	$	2,496		9	$	2,581	$	2,553
Commercial and industrial		—		—		—		1		188		188
Total commercial loans		8		2,508		2,496		10		2,769		2,741
Direct installment		136		1,873		1,843		262		3,573		3,479
Residential mortgages		15		1,070		1,045		24		1,359		1,324
Indirect installment		6		18		16		13		34		32
Consumer lines of credit		18		555		553		25		812		807
Other		—		—		—		—		—		—
		183	$	6,024	$	5,953		334	$	8,547	$	8,383

Summary of Troubled Debt Restructurings by Class of Loans and Leases, Payment Default

Following is a summary of TDRs, by class of loans and leases, for which there was a payment default, excluding loans that were either charged-off or cured by period end. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.

	Three Months Ended June 30, 2015 (1)				Six Months Ended June 30, 2015 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		1		229		1		229
Total commercial loans		1		229		1		229
Direct installment		27		96		58		182
Residential mortgages		3		114		4		171
Indirect installment		3		7		5		7
Consumer lines of credit		—		—		1		92
Other		—		—		—		—
		34	$	446		69	$	681

	Three Months Ended June 30, 2014 (1)				Six Months Ended June 30, 2014 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		—		—		—		—
Total commercial loans		—		—		—		—
Direct installment		33		240		47		392
Residential mortgages		—		—		—		—
Indirect installment		1		—		1		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Direct installment		34	$	240		48	$	392

(1) The recorded investment is as of period end.