XML 29 R14.htm IDEA: XBRL DOCUMENT v3.3.1.900
ALLOWANCE FOR CREDIT LOSSES
 12 Months Ended
Dec. 31, 2015
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, 2015, 2014 and 2013:    

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

 

 

(In thousands)

Balance at beginning of year

 

$      142,443

 

$      153,236

 

$      164,466

Provision charged to expense

 

 (13,000)

 

 -

 

 7,500 

Recoveries

 

 23,734 

 

 14,234 

 

 23,462 

Loans and leases charged off

 

 (26,719)

 

 (25,027)

 

 (42,192)

Balance at end of year

 

$      126,458

 

$      142,443

 

$      153,236

 

The following tables summarize the changes in the allowance for credit losses by segment and class for the years ended December 31, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

Balance,

 

 

 

 

 

 

 

Balance,

 

 

Beginning of

 

 

 

 

 

 

 

End of

 

 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period

 

 

(In thousands)

Commercial and industrial

 

$        21,419

 

$        (10,022)

 

$       2,035

 

$       4,151

 

$     17,583

Real estate

 

 

 

 

 

 

 

 

 

 

Consumer mortgage

 

 40,015 

 

 (3,995)

 

 2,693 

 

 (5,515)

 

 33,198 

Home equity

 

 9,542 

 

 (1,204)

 

 639 

 

 (2,028)

 

 6,949 

Agricultural

 

 3,420 

 

 (33)

 

 384 

 

 (1,247)

 

 2,524 

Commercial and industrial-owner occupied

 

 16,325 

 

 (1,800)

 

 2,834 

 

 (2,752)

 

 14,607 

Construction, acquisition and development

 

 9,885 

 

 (1,039)

 

 11,727 

 

 (4,648)

 

 15,925 

Commercial real estate

 

 23,562 

 

 (3,723)

 

 1,656 

 

 4,013 

 

 25,508 

Credit cards

 

 6,514 

 

 (2,632)

 

 658 

 

 (493)

 

 4,047 

All other

 

 11,761 

 

 (2,271)

 

 1,108 

 

 (4,481)

 

 6,117 

Total

 

$      142,443

 

$        (26,719)

 

$     23,734

 

$    (13,000)

 

$   126,458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

The following tables provide the allowance for credit losses by segment and class based on impairment status at December 31, 2015 and 2014: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

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

 

$               7,127

 

$                  78

 

$             17,505

 

$     17,583

Real estate

 

 

 

 

 

 

 

 

Consumer mortgage

 

 3,990 

 

 -

 

 33,198 

 

 33,198 

Home equity

 

 1,795 

 

 -

 

 6,949 

 

 6,949 

Agricultural

 

 872 

 

 159 

 

 2,365 

 

 2,524 

Commercial and industrial-owner occupied

 

 12,141 

 

 326 

 

 14,281 

 

 14,607 

Construction, acquisition and development

 

 7,583 

 

 677 

 

 15,248 

 

 15,925 

Commercial real estate

 

 17,781 

 

 1,110 

 

 24,398 

 

 25,508 

Credit cards

 

 -

 

 -

 

 4,047 

 

 4,047 

All other

 

 103 

 

 -

 

 6,117 

 

 6,117 

Total

 

$             51,392

 

$             2,350

 

$           124,108

 

$   126,458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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