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ALLOWANCE FOR CREDIT LOSSES
 12 Months Ended
Dec. 31, 2016
ALLOWANCE FOR CREDIT LOSSES [Abstract]  
ALLOWANCE FOR CREDIT LOSSES

(5)  ALLOWANCE FOR CREDIT LOSSES

The following table summarizes the changes in the allowance for credit losses for the years ended December 31, 2016, 2015 and 2014:    





 

 

 

 

 

 



 

2016

 

2015

 

2014



 

(In thousands)

Balance at beginning of year

 

$      126,458

 

$      142,443

 

$      153,236

Provision charged to expense

 

 4,000 

 

 (13,000)

 

 -

Recoveries

 

 10,297 

 

 23,734 

 

 14,234 

Loans and leases charged off

 

 (17,019)

 

 (26,719)

 

 (25,027)

Balance at end of year

 

$      123,736

 

$      126,458

 

$      142,443

The following tables summarize the changes in the allowance for credit losses by segment and class for the years ended December 31, 2016 and 2015:







 

 

 

 

 

 

 

 

 

 



 

2016



 

Balance,

 

 

 

 

 

 

 

Balance,



 

Beginning of

 

 

 

 

 

 

 

End of



 

Period

 

Charge-offs

 

Recoveries

 

Provision

 

Period



 

(In thousands)

Commercial and industrial

 

$        17,583

 

$          (4,551)

 

$       1,833

 

$       4,305

 

$     19,170

Real estate

 

 

 

 

 

 

 

 

 

 

Consumer mortgages

 

 33,198 

 

 (2,687)

 

 1,694 

 

 (1,819)

 

 30,386 

Home equity

 

 6,949 

 

 (1,884)

 

 506 

 

 1,603 

 

 7,174 

Agricultural

 

 2,524 

 

 (110)

 

 175 

 

 (417)

 

 2,172 

Commercial and industrial-owner occupied

 

 14,607 

 

 (1,095)

 

 544 

 

 (1,157)

 

 12,899 

Construction, acquisition and development

 

 15,925 

 

 (521)

 

 1,373 

 

 (2,820)

 

 13,957 

Commercial real estate

 

 25,508 

 

 (1,129)

 

 2,411 

 

 (1,945)

 

 24,845 

Credit cards

 

 4,047 

 

 (2,845)

 

 850 

 

 5,735 

 

 7,787 

All other

 

 6,117 

 

 (2,197)

 

 911 

 

 515 

 

 5,346 

Total

 

$      126,458

 

$        (17,019)

 

$     10,297

 

$       4,000

 

$   123,736









 

 

 

 

 

 

 

 

 

 



 

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 mortgages

 

 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



The following tables provide the allowance for credit losses by segment and class based on impairment status at December 31, 2016 and 2015: 







 

 

 

 

 

 

 

 



 

December 31, 2016



 

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

 

$               8,314

 

$              1,837

 

$             17,333

 

$     19,170

Real estate

 

 

 

 

 

 

 

 

Consumer mortgages

 

 1,655 

 

 -

 

 30,386 

 

 30,386 

Home equity

 

 857 

 

 -

 

 7,174 

 

 7,174 

Agricultural

 

 861 

 

 -

 

 2,172 

 

 2,172 

Commercial and industrial-owner occupied

 

 8,321 

 

 -

 

 12,899 

 

 12,899 

Construction, acquisition and development

 

 5,933 

 

 35 

 

 13,922 

 

 13,957 

Commercial real estate

 

 12,296 

 

 2,481 

 

 22,364 

 

 24,845 

Credit cards

 

 -

 

 -

 

 7,787 

 

 7,787 

All other

 

 -

 

 -

 

 5,346 

 

 5,346 

Total

 

$             38,237

 

$              4,353

 

$           119,383

 

$   123,736









 

 

 

 

 

 

 

 



 

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 mortgages

 

 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



Management evaluates impaired loans individually in determining the adequacy of the allowance for impaired loans.  As a result of the Company individually evaluating loans of $500,000 or greater for impairment, further review of remaining loans collectively, as well as the corresponding potential allowance, would be immaterial in the opinion of management.