Loans and Leases and the Allowance for Loan and Lease Losses (Tables)

12 Months Ended

Dec. 31, 2019

Loans and Leases and Allowance for Loan and Lease Losses [Abstract]

The Company’s loan and lease portfolio was comprised of the following as of December 31, 2019, and December 31, 2018:



	December 31,
(dollars in thousands)	2019		2018
Commercial
Commercial and Industrial	$	1,379,152	$	1,331,149
Commercial Mortgage	2,518,051		2,302,356
Construction	194,170		170,061
Lease Financing	122,454		176,226
Total Commercial	4,213,827		3,979,792
Consumer
Residential Mortgage	3,891,100		3,673,796
Home Equity	1,676,073		1,681,442
Automobile	720,286		658,133
Other¹	489,606		455,611
Total Consumer	6,777,065		6,468,982
Total Loans and Leases	$	10,990,892	$	10,448,774

¹Comprised of other revolving credit, installment, and lease financing.

Schedule of portfolio segment and balance in Allowance disaggregated on the basis of impairment measurement method

The following presents by portfolio segment, the activity in the Allowance for the years ended December 31, 2019, December 31, 2018, and December 31, 2017. The following also presents by portfolio segment, the balance in the Allowance disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans and leases as of December 31, 2019, December 31, 2018, and December 31, 2017.



(dollars in thousands)	Commercial			Consumer			Total
For the Year Ended December 31, 2019
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	66,874		$	39,819		$	106,693
Loans and Leases Charged-Off	(2,738		)	(21,217		)	(23,955		)
Recoveries on Loans and Leases Previously Charged-Off	1,513			9,776			11,289
Net Loans and Leases Recovered (Charged-Off)	(1,225		)	(11,441		)	(12,666		)
Provision for Credit Losses	8,152			7,848			16,000
Balance at End of Period	$	73,801		$	36,226		$	110,027
As of December 31, 2019
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	2,657		$	3,246		$	5,903
Collectively Evaluated for Impairment	71,144			32,980			104,124
Total	$	73,801		$	36,226		$	110,027
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	35,442		$	39,760		$	75,202
Collectively Evaluated for Impairment	4,178,385			6,737,305			10,915,690
Total	$	4,213,827		$	6,777,065		$	10,990,892

For the Year Ended December 31, 2018
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	65,822		$	41,524		$	107,346
Loans and Leases Charged-Off	(1,505		)	(23,059		)	(24,564		)
Recoveries on Loans and Leases Previously Charged-Off	2,039			8,447			10,486
Net Loans and Leases Recovered (Charged-Off)	534			(14,612		)	(14,078		)
Provision for Credit Losses	518			12,907			13,425
Balance at End of Period	$	66,874		$	39,819		$	106,693
As of December 31, 2018
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	222		$	3,754		$	3,976
Collectively Evaluated for Impairment	66,652			36,065			102,717
Total	$	66,874		$	39,819		$	106,693
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	12,298		$	42,327		$	54,625
Collectively Evaluated for Impairment	3,967,494			6,426,655			10,394,149
Total	$	3,979,792		$	6,468,982		$	10,448,774

For the Year Ended December 31, 2017
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	65,680		$	38,593		$	104,273
Loans and Leases Charged-Off	(1,408		)	(21,847		)	(23,255		)
Recoveries on Loans and Leases Previously Charged-Off	1,485			7,943			9,428
Net Loans and Leases Recovered (Charged-Off)	77			(13,904		)	(13,827		)
Provision for Credit Losses	65			16,835			16,900
Balance at End of Period	$	65,822		$	41,524		$	107,346
As of December 31, 2017
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	141		$	3,775		$	3,916
Collectively Evaluated for Impairment	65,681			37,749			103,430
Total	$	65,822		$	41,524		$	107,346
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	20,216		$	41,002		$	61,218
Collectively Evaluated for Impairment	3,746,282			5,989,447			9,735,729
Total	$	3,766,498		$	6,030,449		$	9,796,947

Schedule of recorded investment in loans and leases by class and by credit quality indicator

The following presents by class and by credit quality indicator, the recorded investment in the Company’s loans and leases as of December 31, 2019, and December 31, 2018.



	December 31, 2019
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,306,040	$	2,463,858	$	188,832	$	120,933	$	4,079,663
Special Mention	37,722		16,453		4,148		—		58,323
Classified	35,390		37,740		1,190		1,521		75,841
Total	$	1,379,152	$	2,518,051	$	194,170	$	122,454	$	4,213,827



(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other ¹		Total Consumer
Pass	$	3,886,389	$	1,671,468	$	719,337	$	488,113	$	6,765,307
Classified	4,711		4,605		949		1,493		11,758
Total	$	3,891,100	$	1,676,073	$	720,286	$	489,606	$	6,777,065
Total Recorded Investment in Loans and Leases									$	10,990,892



	December 31, 2018
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,302,278	$	2,256,128	$	168,740	$	175,223	$	3,902,369
Special Mention	17,688		30,468		—		5		48,161
Classified	11,183		15,760		1,321		998		29,262
Total	$	1,331,149	$	2,302,356	$	170,061	$	176,226	$	3,979,792



(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other ¹		Total Consumer
Pass	$	3,668,475	$	1,677,193	$	657,620	$	454,697	$	6,457,985
Classified	5,321		4,249		513		914		10,997
Total	$	3,673,796	$	1,681,442	$	658,133	$	455,611	$	6,468,982
Total Recorded Investment in Loans and Leases									$	10,448,774

¹ Comprised of other revolving credit, installment, and lease financing.

Schedule of aging analysis by class of loan and lease portfolio

The following presents by class, an aging analysis of the Company’s loan and lease portfolio as of December 31, 2019, and December 31, 2018.



(dollars in thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Past Due 90 Days or More		Non- Accrual		Total Past Due and Non-Accrual		Current		Total Loans and Leases		Non-Accrual Loans and Leases that are Current ²
As of December 31, 2019
Commercial
Commercial and Industrial	$	12,534	$	148	$	—	$	830	$	13,512	$	1,365,640	$	1,379,152	$	421
Commercial Mortgage	2,998		—		—		9,244		12,242		2,505,809		2,518,051		9,244
Construction	101		51		—		—		152		194,018		194,170		—
Lease Financing	720		—		—		—		720		121,734		122,454		—
Total Commercial	16,353		199		—		10,074		26,626		4,187,201		4,213,827		9,665
Consumer
Residential Mortgage	6,097		2,070		1,839		4,125		14,131		3,876,969		3,891,100		1,429
Home Equity	3,949		2,280		4,125		3,181		13,535		1,662,538		1,676,073		412
Automobile	16,067		4,154		949		—		21,170		699,116		720,286		—
Other ¹	3,498		2,074		1,493		—		7,065		482,541		489,606		—
Total Consumer	29,611		10,578		8,406		7,306		55,901		6,721,164		6,777,065		1,841
Total	$	45,964	$	10,777	$	8,406	$	17,380	$	82,527	$	10,908,365	$	10,990,892	$	11,506

As of December 31, 2018
Commercial
Commercial and Industrial	$	3,653	$	118	$	10	$	542	$	4,323	$	1,326,826	$	1,331,149	$	515
Commercial Mortgage	561		—		—		2,040		2,601		2,299,755		2,302,356		2,040
Construction	—		—		—		—		—		170,061		170,061		—
Lease Financing	—		—		—		—		—		176,226		176,226		—
Total Commercial	4,214		118		10		2,582		6,924		3,972,868		3,979,792		2,555
Consumer
Residential Mortgage	5,319		638		2,446		5,321		13,724		3,660,072		3,673,796		1,203
Home Equity	3,323		1,581		2,684		3,671		11,259		1,670,183		1,681,442		765
Automobile	12,372		2,240		513		—		15,125		643,008		658,133		—
Other¹	2,913		1,245		914		—		5,072		450,539		455,611		—
Total Consumer	23,927		5,704		6,557		8,992		45,180		6,423,802		6,468,982		1,968
Total	$	28,141	$	5,822	$	6,567	$	11,574	$	52,104	$	10,396,670	$	10,448,774	$	4,523

¹Comprised of other revolving credit, installment, and lease financing.

²Represents non-accrual loans that are not past due 30 days or more; however, full payment of principal and interest is still not expected.

Schedule of information related to impaired loans as of the balance sheet date

The following presents by class, information related to impaired loans as of December 31, 2019, and December 31, 2018.



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
December 31, 2019
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	3,334	$	3,334	$	—
Commercial Mortgage	10,658		15,774		—
Construction	1,190		1,190		—
Total Commercial	15,182		20,298		—
Total Impaired Loans with No Related Allowance Recorded	$	15,182	$	20,298	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	18,467	$	18,750	$	2,552
Commercial Mortgage	1,793		1,793		105
Total Commercial	20,260		20,543		2,657
Consumer
Residential Mortgage	17,939		21,553		2,631
Home Equity	3,085		3,085		355
Automobile	17,086		17,086		212
Other ¹	1,650		1,650		48
Total Consumer	39,760		43,374		3,246
Total Impaired Loans with an Allowance Recorded	$	60,020	$	63,917	$	5,903

Impaired Loans:
Commercial	$	35,442	$	40,841	$	2,657
Consumer	39,760		43,374		3,246
Total Impaired Loans	$	75,202	$	84,215	$	5,903

December 31, 2018
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	4,587	$	4,587	$	—
Commercial Mortgage	2,712		6,212		—
Construction	1,321		1,321		—
Total Commercial	8,620		12,120		—
Total Impaired Loans with No Related Allowance Recorded	$	8,620	$	12,120	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	1,856	$	2,099	$	130
Commercial Mortgage	1,822		1,822		92
Total Commercial	3,678		3,921		222
Consumer
Residential Mortgage	19,753		23,635		3,051
Home Equity	3,359		3,359		350
Automobile	17,117		17,117		296
Other ¹	2,098		2,098		57
Total Consumer	42,327		46,209		3,754
Total Impaired Loans with an Allowance Recorded	$	46,005	$	50,130	$	3,976

Impaired Loans:
Commercial	$	12,298	$	16,041	$	222
Consumer	42,327		46,209		3,754
Total Impaired Loans	$	54,625	$	62,250	$	3,976

¹Comprised of other revolving credit and installment financing.

Schedule of the average recorded investment and interest income recognized on impaired loans

The following presents by class, information related to the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2019, and December 31, 2018.



	Year Ended December 31, 2019				Year Ended December 31, 2018
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	4,447	$	284	$	6,342	$	310
Commercial Mortgage	8,308		62		4,642		160
Construction	1,243		81		1,360		69
Total Commercial	13,998		427		12,344		539
Total Impaired Loans with No Related Allowance Recorded	$	13,998	$	427	$	12,344	$	539

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	5,651	$	82	$	1,475	$	100
Commercial Mortgage	3,147		25		623		25
Total Commercial	8,798		107		2,098		125
Consumer
Residential Mortgage	18,607		774		20,324		1,080
Home Equity	3,272		156		2,676		121
Automobile	17,529		1,179		16,190		1,116
Other ¹	1,783		153		2,624		215
Total Consumer	41,191		2,262		41,814		2,532
Total Impaired Loans with an Allowance Recorded	$	49,989	$	2,369	$	43,912	$	2,657

Impaired Loans:
Commercial	$	22,796	$	534	$	14,442	$	664
Consumer	41,191		2,262		41,814		2,532
Total Impaired Loans	$	63,987	$	2,796	$	56,256	$	3,196

¹ Comprised of other revolving credit and installment financing.

Schedule of loans modified as a TDR

The following presents by class, information related to loans modified in a TDR during the years ended December 31, 2019, and December 31, 2018.



	Loans Modified as a TDR for the Year Ended December 31, 2019					Loans Modified as a TDR for the Year Ended December 31, 2018
Troubled Debt Restructurings (dollars in thousands)	Number of Contracts	Recorded Investment (as of period end)¹		Increase in Allowance (as of period end)		Number of Contracts	Recorded Investment (as of period end)¹		Increase in Allowance (as of period end)
Commercial
Commercial and Industrial	8	$	17,585	$	2,465	12	$	1,449	$	96
Commercial Mortgage	1	3,623		—		1	1,650		74
Total Commercial	9	21,208		2,465		13	3,099		170
Consumer
Residential Mortgage	1	57		0		6	1,458		200
Home Equity	4	368		9		9	1,438		77
Automobile	332	5,911		73		366	7,400		128
Other ²	95	572		17		138	927		25
Total Consumer	432	6,908		99		519	11,223		430
Total	441	$	28,116	$	2,564	532	$	14,322	$	600


¹	The period end balances reflect all partial paydowns and charge-offs since the modification date. TDRs fully paid off, charged off, or foreclosed upon by period end are not included.


²	Comprised of other revolving credit and installment financing.

Schedule of loans modified in a TDR that defaulted during the year, and within twelve months of their modification date by class

The following presents by class, loans modified in a TDR that defaulted during the year ended December 31, 2019, and December 31, 2018, and within twelve months of their modification date. A TDR is considered to be in default once it becomes 60 days or more past due following a modification.



	Year Ended December 31, 2019			Year Ended December 31, 2018
TDRs that Defaulted During the Period, Within Twelve Months of their Modification Date (dollars in thousands)	Number of Contracts	Recorded Investment (as of period end) ¹		Number of Contracts	Recorded Investment (as of period end) ¹
Commercial
Commercial and Industrial	—	$	—	1	$	3
Total Commercial	—	—		1	3
Consumer
Residential Mortgage	1	132		—	—
Home Equity	1	192		—	—
Automobile	40	607		38	680
Other ²	22	129		34	194
Total Consumer	64	1,060		72	874
Total	64	$	1,060	73	$	877

¹ The period end balances reflect all paydowns and charge-offs since the modification date. TDRs fully paid off, charged off, or foreclosed upon by period end are not included.