ALLOWANCE FOR CREDIT LOSSES

12 Months Ended

Dec. 31, 2014

ALLOWANCE FOR CREDIT LOSSES [Abstract]

ALLOWANCE FOR CREDIT LOSSES

(6)  ALLOWANCE FOR CREDIT LOSSES

The following table summarizes the changes in the allowance for credit losses for the years ended December 31, 2014, 2013 and 2012:

	2014	2013	2012
	(In thousands)
Balance at beginning of year	$      153,236	$      164,466	$      195,118
Provision charged to expense	-	7,500	28,000
Recoveries	14,234	23,462	30,746
Loans and leases charged off	(25,027)	(42,192)	(89,398)
Balance at end of year	$      142,443	$      153,236	$      164,466

The following tables summarize the changes in the allowance for credit losses by segment and class for the years ended December 31, 2014 and 2013:

	2014
	Balance,				Balance,
	Beginning of				End of
	Period	Charge-offs	Recoveries	Provision	Period
	(In thousands)
Commercial and industrial	$        18,376	$          (2,546)	$       2,298	$       3,291	$     21,419
Real estate
Consumer mortgage	39,525	(6,037)	3,267	3,260	40,015
Home equity	5,663	(1,359)	625	4,613	9,542
Agricultural	2,800	(765)	96	1,289	3,420
Commercial and industrial-owner occupied	17,059	(3,591)	1,112	1,745	16,325
Construction, acquisition and development	11,828	(3,731)	3,734	(1,946)	9,885
Commercial real estate	43,853	(1,795)	1,458	(19,954)	23,562
Credit cards	3,782	(2,359)	542	4,549	6,514
All other	10,350	(2,844)	1,102	3,153	11,761
Total	$      153,236	$        (25,027)	$     14,234	$               -	$   142,443

	2013
	Balance,				Balance,
	Beginning of				End of
	Period	Charge-offs	Recoveries	Provision	Period
	(In thousands)
Commercial and industrial	$        23,286	$          (4,672)	$       3,517	$      (3,755)	$     18,376
Real estate
Consumer mortgage	35,966	(9,159)	5,067	7,651	39,525
Home equity	6,005	(1,469)	607	520	5,663
Agricultural	3,301	(736)	215	20	2,800
Commercial and industrial-owner occupied	20,178	(3,855)	2,724	(1,988)	17,059
Construction, acquisition and development	21,905	(6,745)	4,682	(8,014)	11,828
Commercial real estate	40,081	(10,341)	4,978	9,135	43,853
Credit cards	3,611	(2,316)	629	1,858	3,782
All other	10,133	(2,899)	1,043	2,073	10,350
Total	$      164,466	$        (42,192)	$     23,462	$       7,500	$   153,236

The following tables provide the allowance for credit losses by segment and class based on impairment status at December 31, 2014 and 2013:

	December 31, 2014
	Recorded	Allowance for	Allowance for
	Balance of	Impaired Loans	All Other Loans	Total
	Impaired Loans	and Leases	and Leases	Allowance
	(In thousands)
Commercial and industrial	$               2,154	$                215	$             21,204	$     21,419
Real estate
Consumer mortgage	4,786	123	39,892	40,015
Home equity	619	70	9,472	9,542
Agricultural	-	-	3,420	3,420
Commercial and industrial-owner occupied	7,467	89	16,236	16,325
Construction, acquisition and development	2,387	-	9,885	9,885
Commercial real estate	10,518	1,022	22,540	23,562
Credit cards	-	-	6,514	6,514
All other	170	-	11,761	11,761
Total	$             28,101	$             1,519	$           140,924	$   142,443

	December 31, 2013
	Recorded	Allowance for	Allowance for
	Balance of	Impaired Loans	All Other Loans	Total
	Impaired Loans	and Leases	and Leases	Allowance
	(In thousands)
Commercial and industrial	$               1,314	$                305	$             18,071	$     18,376
Real estate
Consumer mortgage	6,406	309	39,216	39,525
Home equity	1,140	37	5,626	5,663
Agricultural	882	15	2,785	2,800
Commercial and industrial-owner occupied	11,745	739	16,320	17,059
Construction, acquisition and development	15,712	1,599	10,229	11,828
Commercial real estate	17,481	1,138	42,715	43,853
Credit cards	-	-	3,782	3,782
All other	263	4	10,346	10,350
Total	$             54,943	$             4,146	$           149,090	$   153,236

Management evaluates impaired loans individually in determining the adequacy of the allowance for impaired loans.