Loans and Leases and the Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, and December 31, 2019:

	December 31,
(dollars in thousands)	2020		2019
Commercial
Commercial and Industrial	$	1,875,293	$	1,379,152
Commercial Mortgage		2,854,829		2,518,051
Construction		259,798		194,170
Lease Financing		110,766		122,454
Total Commercial		5,100,686		4,213,827
Consumer
Residential Mortgage		4,130,513		3,891,100
Home Equity		1,604,538		1,676,073
Automobile		708,800		720,286
Other ¹		395,483		489,606
Total Consumer		6,839,334		6,777,065
Total Loans and Leases	$	11,940,020	$	10,990,892

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

Schedule of Activity in Allowance by Portfolio Segment

The following presents by portfolio segment, the activity in the Allowance for the years ended December 31, 2020, December 31, 2019, and December 31, 2018.

(dollars in thousands)	Commercial			Consumer			Total
For the Year Ended December 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		(1,697	)		(19,341	)		(21,038	)
Recoveries on Loans and Leases Previously Charged-Off		2,328			11,572			13,900
Net Loans and Leases Recovered (Charged-Off)		631			(7,769	)		(7,138	)
Provision for Credit Losses		29,204			85,896			115,100
Balance at End of Period	$	84,847		$	131,405		$	216,252

For the Year Ended December 31, 2019
Allowance for Credit 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

For the Year Ended December 31, 2018
Allowance for Credit 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

Schedule of Recorded Investment in Loans and Leases by Class and 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 December 31, 2020.

		Term Loans by Origination Year
(dollars in thousands)	2020			2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total Loans and Leases
December 31, 2020
Commercial
Commercial and Industrial
Pass		$	944,463	$	149,024	$	149,468	$	49,385	$	52,354	$	68,269	$	342,339	$	847	$	1,756,149
Special Mention			11,702		42		-		-		110		95		32,319		52		44,320
Classified			32,208		1,734		2,266		777		19		19,166		18,529		125		74,824
Total Commercial and Industrial		$	988,373	$	150,800	$	151,734	$	50,162	$	52,483	$	87,530	$	393,187	$	1,024	$	1,875,293
Commercial Mortgage
Pass		$	847,676	$	458,472	$	350,363	$	245,157	$	267,860	$	425,157	$	76,869	$	-	$	2,671,554
Special Mention			66,523		28,418		291		7,117		8,665		5,035		-		-		116,049
Classified			49,640		655		2,783		274		4,742		9,132		-		-		67,226
Total Commercial Mortgage		$	963,839	$	487,545	$	353,437	$	252,548	$	281,267	$	439,324	$	76,869	$	-	$	2,854,829
Construction
Pass		$	106,508	$	105,731	$	11,275	$	8,133	$	-	$	-	$	28,151	$	-	$	259,798
Total Construction		$	106,508	$	105,731	$	11,275	$	8,133	$	-	$	-	$	28,151	$	-	$	259,798
Lease Financing
Pass		$	19,906	$	20,132	$	13,785	$	4,202	$	9,657	$	41,755	$	-	$	-	$	109,437
Classified			33		67		1,092		42		95		-		-		-		1,329
Total Lease Financing		$	19,939	$	20,199	$	14,877	$	4,244	$	9,752	$	41,755	$	-	$	-	$	110,766
Total Commercial		$	2,078,659	$	764,275	$	531,323	$	315,087	$	343,502	$	568,609	$	498,207	$	1,024	$	5,100,686
Consumer
Residential Mortgage
Pass		$	1,300,831	$	576,452	$	295,522	$	454,165	$	545,798	$	954,120	$	-	$	-	$	4,126,888
Classified			-		294		-		1,032		-		2,299		-		-		3,625
Total Residential Mortgage		$	1,300,831	$	576,746	$	295,522	$	455,197	$	545,798	$	956,419	$	-	$	-	$	4,130,513
Home Equity
Pass		$	-	$	-	$	-	$	-	$	-	$	4,449	$	1,556,671	$	37,559	$	1,598,679
Classified			-		-		-		-		-		88		4,693		1,078		5,859
Total Home Equity		$	-	$	-	$	-	$	-	$	-	$	4,537	$	1,561,364	$	38,637	$	1,604,538
Automobile
Pass		$	219,218	$	213,914	$	158,216	$	68,776	$	33,899	$	13,850	$	-	$	-	$	707,873
Classified			101		245		171		113		161		136		-		-		927
Total Automobile		$	219,319	$	214,159	$	158,387	$	68,889	$	34,060	$	13,986	$	-	$	-	$	708,800
Other¹
Pass		$	71,042	$	145,549	$	92,993	$	39,770	$	9,225	$	2,189	$	32,070	$	1,485	$	394,323
Classified			51		419		375		167		42		21		85		-		1,160
Total Other		$	71,093	$	145,968	$	93,368	$	39,937	$	9,267	$	2,210	$	32,155	$	1,485	$	395,483
Total Consumer		$	1,591,243	$	936,873	$	547,277	$	564,023	$	589,125	$	977,152	$	1,593,519	$	40,122	$	6,839,334
Total Loans and Leases		$	3,669,902	$	1,701,148	$	1,078,600	$	879,110	$	932,627	$	1,545,761	$	2,091,726	$	41,146	$	11,940,020

¹	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		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

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, 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 December 31, 2020
Commercial
Commercial and Industrial	$	191	$	59	$	—	$	441	$	691	$	1,874,602	$	1,875,293	$	285
Commercial Mortgage		—		—		—		8,527		8,527		2,846,302		2,854,829		4,983
Construction		—		—		—		—		—		259,798		259,798		—
Lease Financing		—		—		—		—		—		110,766		110,766		—
Total Commercial		191		59		—		8,968		9,218		5,091,468		5,100,686		5,268
Consumer
Residential Mortgage		4,049		2,083		5,274		3,223		14,629		4,115,884		4,130,513		2,100
Home Equity		3,423		3,378		3,187		3,958		13,946		1,590,592		1,604,538		987
Automobile		6,358		2,215		925		—		9,498		699,302		708,800		—
Other ¹		2,556		1,612		1,160		—		5,328		390,155		395,483		—
Total Consumer		16,386		9,288		10,546		7,181		43,401		6,795,933		6,839,334		3,087
Total	$	16,577	$	9,347	$	10,546	$	16,149	$	52,619	$	11,887,401	$	11,940,020	$	8,355

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.

²	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 December 31, 2020, and December 31, 2019.

	December 31, 2020						December 31, 2019
(dollars in thousands)	Non-accrual loans with a related ACL		Non-accrual loans without a related ACL		Total Non-accrual loans		Total Non-accrual loans
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	441	$	—	$	441	$	830
Commercial Mortgage		8,527		—		8,527		9,244
Total Commercial		8,968		—		8,968		10,074
Consumer
Residential Mortgage		3,096		127		3,223		4,125
Home Equity		3,958		—		3,958		3,181
Total Consumer		7,054		127		7,181		7,306
Total	$	16,022	$	127	$	16,149	$	17,380

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

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

	Loans Modified as a TDR for the Year Ended December 31, 2020						Loans Modified as a TDR for the Year Ended December 31, 2019
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		5	$	203	$	5		8	$	17,585	$	2,465
Commercial Mortgage		1		1,046		60		1		3,623		—
Total Commercial		6		1,249		65		9		21,208		2,465
Consumer
Residential Mortgage		—		—		—		1		57		—
Home Equity		10		1,246		8		4		368		9
Automobile		352		7,541		112		332		5,911		73
Other ²		180		1,850		77		95		572		17
Total Consumer		542		10,637		197		432		6,908		99
Total		548	$	11,886	$	262		441	$	28,116	$	2,564

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.

The following presents by class, loans modified in a TDR that defaulted during the year ended December 31, 2020, and December 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.

	Year Ended December 31, 2020				Year Ended December 31, 2019
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	$	27		—	$	—
Total Commercial		1		27		—		—
Consumer
Residential Mortgage		—		—		1		132
Home Equity		—		—		1		192
Automobile		43		723		40		607
Other ²		10		81		22		129
Total Consumer		53		804		64		1,060
Total		54	$	831		64	$	1,060

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.