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

3 Months Ended

12 Months Ended

Mar. 31, 2020

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 March 31, 2020, and December 31, 2019:



(dollars in thousands)	March 31, 2020		December 31, 2019
Commercial
Commercial and Industrial	$	1,558,232	$	1,379,152
Commercial Mortgage	2,616,243		2,518,051
Construction	245,390		194,170
Lease Financing	110,704		122,454
Total Commercial	4,530,569		4,213,827
Consumer
Residential Mortgage	3,928,183		3,891,100
Home Equity	1,692,154		1,676,073
Automobile	716,214		720,286
Other ¹	485,660		489,606
Total Consumer	6,822,211		6,777,065
Total Loans and Leases	$	11,352,780	$	10,990,892

Comprised 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 three months ended March 31, 2020, and March 31, 2019.



(dollars in thousands)	Commercial			Consumer			Total
Three Months Ended March 31, 2020
Allowance for Credit Losses:
Balance at Beginning of Period (December 31, 2019)	$	73,801		$	36,226		$	110,027
CECL Adoption (Day 1) Impact	(18,789		)	17,052			(1,737		)
Balance at Beginning of Period (January 1, 2020)	55,012			53,278			108,290
Loans and Leases Charged-Off	(693		)	(6,484		)	(7,177		)
Recoveries on Loans and Leases Previously Charged-Off	329			3,108			3,437
Net Loans and Leases Recovered (Charged-Off)	(364		)	(3,376		)	(3,740		)
Provision for Credit Losses	13,339			20,261			33,600
Balance at End of Period	$	67,987		$	70,163		$	138,150

Three Months Ended March 31, 2019
Allowance for Credit Losses:
Balance at Beginning of Period	$	66,874		$	39,819		$	106,693
Loans and Leases Charged-Off	(1,986		)	(4,842		)	(6,828		)
Recoveries on Loans and Leases Previously Charged-Off	501			2,657			3,158
Net Loans and Leases Recovered (Charged-Off)	(1,485		)	(2,185		)	(3,670		)
Provision for Credit Losses	2,138			862			3,000
Balance at End of Period	$	67,527		$	38,496		$	106,023

Schedule of Recorded Investment in Loans and Leases by Class and by Credit Quality Indicator

The following presents by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of March 31, 2020.



	Term Loans by Origination Year
(dollars in thousands)	YTD March 31, 2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total Loans and Leases
March 31, 2020
Commercial
Commercial and Industrial
Pass	$	160,663	$	253,285	$	212,901	$	93,614	$	87,982	$	108,952	$	557,732	$	1,122	$	1,476,251
Special Mention	62		508		2,087		700		116		152		19,345		—		22,970
Classified	605		22,117		1,678		1,455		440		20,479		12,069		168		59,011
Total Commercial and Industrial	$	161,330	$	275,910	$	216,666	$	95,769	$	88,538	$	129,583	$	589,146	$	1,290	$	1,558,232
Commercial Mortgage
Pass	$	209,933	$	591,055	$	396,239	$	302,711	$	329,045	$	602,337	$	81,036	$	—	$	2,512,356
Special Mention	3,961		820		19,919		13,176		7,359		7,884		—		—		53,119
Classified	11,464		5,413		8,453		1,405		704		23,329		—		—		50,768
Total Commercial Mortgage	$	225,358	$	597,288	$	424,611	$	317,292	$	337,108	$	633,550	$	81,036	$	—	$	2,616,243
Construction
Pass	$	54,220	$	81,985	$	45,600	$	20,336	$	—	$	1,936	$	40,152	$	—	$	244,229
Classified	—		—		—		—		—		1,161		—		—		1,161
Total Construction	$	54,220	$	81,985	$	45,600	$	20,336	$	—	$	3,097	$	40,152	$	—	$	245,390
Lease Financing
Pass	$	2,785	$	23,324	$	16,762	$	5,767	$	12,007	$	48,527	$	—	$	—	$	109,172
Special Mention	—		—		—		2		34		—		—		—		36
Classified	38		80		1,206		59		113		—		—		—		1,496
Total Lease Financing	$	2,823	$	23,404	$	17,968	$	5,828	$	12,154	$	48,527	$	—	$	—	$	110,704
Total Commercial	$	443,731	$	978,587	$	704,845	$	439,225	$	437,800	$	814,757	$	710,334	$	1,290	$	4,530,569
Consumer
Residential Mortgage
Pass	$	212,313	$	704,271	$	445,511	$	625,159	$	678,049	$	1,258,545	$	—	$	—	$	3,923,848
Classified	—		—		—		932		—		3,403		—		—		4,335
Total Residential Mortgage	$	212,313	$	704,271	$	445,511	$	626,091	$	678,049	$	1,261,948	$	—	$	—	$	3,928,183
Home Equity
Pass	$	—	$	—	$	—	$	—	$	—	$	6,245	$	1,637,082	$	43,589	$	1,686,916
Classified	—		—		—		—		—		103		3,973		1,162		5,238
Total Home Equity	$	—	$	—	$	—	$	—	$	—	$	6,348	$	1,641,055	$	44,751	$	1,692,154
Automobile
Pass	$	63,914	$	265,516	$	208,273	$	98,987	$	51,746	$	26,912	$	—	$	—	$	715,348
Classified	—		182		166		257		179		82		—		—		866
Total Automobile	$	63,914	$	265,698	$	208,439	$	99,244	$	51,925	$	26,994	$	—	$	—	$	716,214
Other¹
Pass	$	45,414	$	181,911	$	123,803	$	68,751	$	17,783	$	6,098	$	39,053	$	1,643	$	484,456
Classified	—		326		326		302		119		44		79		8		1,204
Total Other	$	45,414	$	182,237	$	124,129	$	69,053	$	17,902	$	6,142	$	39,132	$	1,651	$	485,660
Total Consumer	$	321,641	$	1,152,206	$	778,079	$	794,388	$	747,876	$	1,301,432	$	1,680,187	$	46,402	$	6,822,211
Total Loans and Leases	$	765,372	$	2,130,793	$	1,482,924	$	1,233,613	$	1,185,676	$	2,116,189	$	2,390,521	$	47,692	$	11,352,780

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

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



	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		Other¹		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

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 March 31, 2020, and December 31, 2019.



(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 March 31, 2020
Commercial
Commercial and Industrial	$	3,596	$	255	$	—	$	634	$	4,485	$	1,553,747	$	1,558,232	$	429
Commercial Mortgage	4,637		—		—		9,048		13,685		2,602,558		2,616,243		9,048
Construction	720		—		—		—		720		244,670		245,390		—
Lease Financing	23		—		—		—		23		110,681		110,704		—
Total Commercial	8,976		255		—		9,682		18,913		4,511,656		4,530,569		9,477
Consumer
Residential Mortgage	3,935		2,342		3,024		4,330		13,631		3,914,552		3,928,183		1,104
Home Equity	4,367		2,819		3,426		4,086		14,698		1,677,456		1,692,154		839
Automobile	14,590		4,096		866		—		19,552		696,662		716,214		—
Other ¹	3,648		1,905		1,205		—		6,758		478,902		485,660		—
Total Consumer	26,540		11,162		8,521		8,416		54,639		6,767,572		6,822,211		1,943
Total	$	35,516	$	11,417	$	8,521	$	18,098	$	73,552	$	11,279,228	$	11,352,780	$	11,420

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


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

Represents 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 Non-Accrual Loans and Leases

The following presents the non-accrual loans and leases as of March 31, 2020, and December 31, 2019.



	March 31, 2020						December 31, 2019
(dollars in thousands)	Nonaccrual loans with a related ACL		Nonaccrual loans without a related ACL		Total Nonaccrual loans		Total Nonaccrual loans
Commercial
Commercial and Industrial	$	634	$	—	$	634	$	830
Commercial Mortgage	3,543		5,505		9,048		9,244
Total Commercial	4,177		5,505		9,682		10,074
Consumer
Residential Mortgage	3,399		931		4,330		4,125
Home Equity	4,086		—		4,086		3,181
Total Consumer	7,485		931		8,416		7,306
Total	$	11,662	$	6,436	$	18,098	$	17,380

All payments received while on non-accrual status are applied against the principal balance of the loan or lease. The Company does not recognize interest income while loans or leases are on non-accrual status.

Schedule of Loans Modified in a TDR and TDRs that Defaulted During the Period Within 12 mos of Modification Date

The following presents by class, information related to loans modified in a TDR during the three months ended March 31, 2020, and March 31, 2019.



	Loans Modified as a TDR for the Three Months Ended March 31, 2020							Loans Modified as a TDR for the Three Months Ended March 31, 2019
			Recorded			Increase in				Recorded			Increase in
Troubled Debt Restructurings	Number of		Investment			Allowance		Number of		Investment			Allowance
(dollars in thousands)	Contracts	(as of period end)¹			(as of period end)			Contracts	(as of period end)¹			(as of period end)
Commercial
Commercial and Industrial	2		$	99		$	2	3		$	111		$	5
Commercial Mortgage	—		—			—		1		3,907			—
Total Commercial	2		99			2		4		4,018			5
Consumer
Automobile	52		893			14		117		2,240			34
Other ²	31		240			10		39		229			6
Total Consumer	83		1,133			24		156		2,469			40
Total	85		$	1,232		$	26	160		$	6,487		$	45


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.


²	Comprised of other revolving credit and installment financing.

The following presents by class, all loans modified in a TDR that defaulted during the three months ended March 31, 2020, and March 31, 2019, 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.



	Three Months Ended March 31, 2020			Three Months Ended March 31, 2019
TDRs that Defaulted During the Period,		Recorded		Recorded
Within Twelve Months of their Modification Date	Number of	Investment		Number of	Investment
(dollars in thousands)	Contracts	(as of period end)¹		Contracts	(as of period end)¹
Consumer
Automobile	18	$	176	14	$	266
Other ²	5	50		19	125
Total Consumer	23	226		33	391
Total	23	$	226	33	$	391


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.

Comprised of other revolving credit and installment financing.