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Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Schedule of Loan Portfolio Non-Covered and Covered PCI Loans and Non-PCI Loans
The detail of the loan portfolio as of June 30, 2016 and December 31, 2015 was as follows: 
 
June 30, 2016
 
December 31, 2015
 
Non-PCI
Loans
 
PCI Loans*
 
Total
 
Non-PCI
Loans
 
PCI Loans*
 
Total
 
(in thousands)
Loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
2,200,838

 
$
327,911

 
$
2,528,749

 
$
2,156,549

 
$
383,942

 
$
2,540,491

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
6,822,650

 
1,196,144

 
8,018,794

 
6,069,532

 
1,355,104

 
7,424,636

Construction
632,332

 
136,515

 
768,847

 
607,694

 
147,253

 
754,947

  Total commercial real estate loans
7,454,982

 
1,332,659

 
8,787,641

 
6,677,226

 
1,502,357

 
8,179,583

Residential mortgage
2,857,190

 
198,163

 
3,055,353

 
2,912,079

 
218,462

 
3,130,541

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity
380,200

 
105,530

 
485,730

 
391,809

 
119,394

 
511,203

Automobile
1,141,510

 
283

 
1,141,793

 
1,238,826

 
487

 
1,239,313

Other consumer
489,059

 
10,855

 
499,914

 
426,147

 
15,829

 
441,976

Total consumer loans
2,010,769

 
116,668

 
2,127,437

 
2,056,782

 
135,710

 
2,192,492

Total loans
$
14,523,779

 
$
1,975,401

 
$
16,499,180

 
$
13,802,636

 
$
2,240,471

 
$
16,043,107


____
*
PCI loans include covered loans (mostly consisting of residential mortgage and commercial real estate loans) totaling $81.1 million and $122.3 million at June 30, 2016 and December 31, 2015, respectively.
Changes in Accretable Yield for Covered Loans
The following table presents changes in the accretable yield for PCI loans during the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
Balance, beginning of period
$
387,120

 
$
309,858

 
$
415,179

 
$
336,208

Accretion
(31,519
)
 
(27,757
)
 
(59,578
)
 
(54,107
)
Balance, end of period
$
355,601

 
$
282,101

 
$
355,601

 
$
282,101
Past Due, Non-Accrual and Current Non-Covered Loans by Loan Portfolio Class
The following table presents past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis, and non-performing loans held for sale) by loan portfolio class at June 30, 2016 and December 31, 2015: 
 
Past Due and Non-Accrual Loans
 
 
 
 
 
30-59
Days
Past Due
Loans
 
60-89
Days
Past Due
Loans
 
Accruing Loans
90 Days or More
Past Due
 
Non-Accrual
Loans
 
Total
Past Due
Loans
 
Current
Non-PCI
Loans
 
Total
Non-PCI
Loans
 
(in thousands)
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
5,187

 
$
5,714

 
$
218

 
$
6,573

 
$
17,692

 
$
2,183,146

 
$
2,200,838

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
5,076

 
834

 
131

 
19,432

 
25,473

 
6,797,177

 
6,822,650

Construction
—

 
—

 
—

 
5,878

 
5,878

 
626,454

 
632,332

Total commercial real estate loans
5,076

 
834

 
131

 
25,310

 
31,351

 
7,423,631

 
7,454,982

Residential mortgage
10,177

 
2,326

 
314

 
14,866

 
27,683

 
2,829,507

 
2,857,190

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
959

 
54

 
—

 
989

 
2,002

 
378,198

 
380,200

Automobile
1,552

 
577

 
127

 
141

 
2,397

 
1,139,113

 
1,141,510

Other consumer
24

 
13

 
12

 
—

 
49

 
489,010

 
489,059

Total consumer loans
2,535

 
644

 
139

 
1,130

 
4,448

 
2,006,321

 
2,010,769

Total
$
22,975

 
$
9,518

 
$
802

 
$
47,879

 
$
81,174

 
$
14,442,605

 
$
14,523,779

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,920

 
$
524

 
$
213

 
$
10,913

 
$
15,570

 
$
2,140,979

 
$
2,156,549

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
2,684

 
—

 
131

 
24,888

 
27,703

 
6,041,829

 
6,069,532

Construction
1,876

 
2,799

 
—

 
6,163

 
10,838

 
596,856

 
607,694

Total commercial real estate loans
4,560

 
2,799

 
131

 
31,051

 
38,541

 
6,638,685

 
6,677,226

Residential mortgage
6,681

 
1,626

 
1,504

 
17,930

 
27,741

 
2,884,338

 
2,912,079

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
1,308

 
111

 
—

 
2,088

 
3,507

 
388,302

 
391,809

Automobile
1,969

 
491

 
164

 
118

 
2,742

 
1,236,084

 
1,238,826

Other consumer
71

 
24

 
44

 
—

 
139

 
426,008

 
426,147

Total consumer loans
3,348

 
626

 
208

 
2,206

 
6,388

 
2,050,394

 
2,056,782

Total
$
18,509

 
$
5,575

 
$
2,056

 
$
62,100

 
$
88,240

 
$
13,714,396

 
$
13,802,636
Impaired Loans
The following table presents the information about impaired loans by loan portfolio class at June 30, 2016 and December 31, 2015:
 
Recorded
Investment
With No Related
Allowance
 
Recorded
Investment
With Related
Allowance
 
Total
Recorded
Investment
 
Unpaid
Contractual
Principal
Balance
 
Related
Allowance
 
(in thousands)
June 30, 2016
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,211

 
$
19,500

 
$
22,711

 
$
26,614

 
$
3,294

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
23,758

 
46,711

 
70,469

 
73,333

 
4,282

Construction
7,415

 
1,469

 
8,884

 
8,894

 
57

Total commercial real estate loans
31,173

 
48,180

 
79,353

 
82,227

 
4,339

Residential mortgage
6,901

 
15,753

 
22,654

 
24,126

 
1,261

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
199

 
2,268

 
2,467

 
2,560

 
397

Total consumer loans
199

 
2,268

 
2,467

 
2,560

 
397

Total
$
41,484

 
$
85,701

 
$
127,185

 
$
135,527

 
$
9,291

December 31, 2015
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
7,863

 
$
17,851

 
$
25,714

 
$
33,071

 
$
3,439

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
30,113

 
37,440

 
67,553

 
71,263

 
3,354

Construction
8,847

 
5,530

 
14,377

 
14,387

 
317

Total commercial real estate loans
38,960

 
42,970

 
81,930

 
85,650

 
3,671

Residential mortgage
7,842

 
14,770

 
22,612

 
24,528

 
1,377

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
263

 
1,869

 
2,132

 
2,224

 
295

Total consumer loans
263

 
1,869

 
2,132

 
2,224

 
295

Total
$
54,928

 
$
77,460

 
$
132,388

 
$
145,473

 
$
8,782
Average Recorded Investment and Interest Income Recognized on Impaired Loans
The following tables present by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2016 and 2015: 
 
Three Months Ended June 30,
 
2016
 
2015
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
24,157

 
$
194

 
$
25,530

 
$
211

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
70,194

 
475

 
75,688

 
894

Construction
10,027

 
53

 
11,485

 
126

Total commercial real estate loans
80,221

 
528

 
87,173

 
1,020

Residential mortgage
22,922

 
234

 
22,566

 
249

Consumer loans:
 
 
 
 
 
 
 
Home equity
3,071

 
20

 
4,607

 
38

Total consumer loans
3,071

 
20

 
4,607

 
38

Total
$
130,371

 
$
976

 
$
139,876

 
$
1,518

 
Six Months Ended June 30,
 
2016
 
2015
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
26,244

 
$
434

 
$
26,898

 
$
457

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
71,296

 
1,114

 
77,098

 
1,380

Construction
9,915

 
101

 
14,063

 
276

Total commercial real estate loans
81,211

 
1,215

 
91,161

 
1,656

Residential mortgage
23,262

 
436

 
22,206

 
499

Consumer loans:
 
 
 
 
 
 
 
Home equity
2,715

 
43

 
4,049

 
68

Total consumer loans
2,715

 
43

 
4,049

 
68

Total
$
133,432

 
$
2,128

 
$
144,314

 
$
2,680
Pre-Modification and Post-Modification Outstanding Recorded Investments and Non-PCI Loans That Subsequently Defaulted
The following table presents non-PCI loans modified as TDRs within the previous 12 months for which there was a payment default (90 days or more past due) during the three and six months ended June 30, 2016.
 
Three Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2016
Troubled Debt Restructurings Subsequently Defaulted
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
($ in thousands)
Commercial real estate
2

 
$
1,070

 
1

 
$
214

Residential mortgage
1

 
74

 
1

 
74

Consumer
1

 
30

 
1

 
30

Total
4

 
$
1,174

 
3

 
$
318

The following tables present loans by loan portfolio class modified as TDRs during the three and six months ended June 30, 2016 and 2015. The pre-modification and post-modification outstanding recorded investments disclosed in the table below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at June 30, 2016 and 2015, respectively. 
 
Three Months Ended
June 30, 2016
 
Three Months Ended
June 30, 2015
Troubled Debt Restructurings
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
($ in thousands)
Commercial and industrial
4

 
$
5,079

 
$
4,094

 
6

 
$
1,947

 
$
1,922

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
2

 
6,111

 
6,077

 
3

 
1,562

 
1,573

Construction
—

 
—

 
—

 
1

 
500

 
1,190

Total commercial real estate
2

 
6,111

 
6,077

 
4

 
2,062

 
2,763

Residential mortgage
5

 
1,830

 
1,826

 
2

 
1,098

 
1,097

Consumer
—

 
—

 
—

 
1

 
1,081

 
1,079

Total
11

 
$
13,020

 
$
11,997

 
13

 
$
6,188

 
$
6,861


 
Six Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2015
Troubled Debt Restructurings
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
($ in thousands)
Commercial and industrial
6

 
$
6,456

 
$
5,437

 
12

 
$
3,531

 
$
3,412

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
3

 
6,658

 
6,388

 
4

 
6,562

 
6,573

Construction
—

 
—

 
—

 
1

 
500

 
1,190

Total commercial real estate
3

 
6,658

 
6,388

 
5

 
7,062

 
7,763

Residential mortgage
7

 
2,222

 
2,206

 
3

 
1,378

 
1,373

Consumer
1

 
55

 
53

 
1

 
1,081

 
1,079

Total
17

 
$
15,391

 
$
14,084

 
21

 
$
13,052

 
$
13,627
Risk Category of Loans
The following table presents the risk category of loans (excluding PCI loans) by class of loans at June 30, 2016 and December 31, 2015. 
Credit exposure - by internally assigned risk rating
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total Non-PCI Loans
 
(in thousands)
June 30, 2016
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
2,114,575

 
$
52,028

 
$
34,235

 
$
—

 
$
2,200,838

Commercial real estate
6,666,210

 
65,621

 
90,819

 
—

 
6,822,650

Construction
622,721

 
527

 
9,084

 
—

 
632,332

Total
$
9,403,506

 
$
118,176

 
$
134,138

 
$
—

 
$
9,655,820

December 31, 2015
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
2,049,752

 
$
68,243

 
$
36,254

 
$
2,300

 
$
2,156,549

Commercial real estate
5,893,354

 
79,279

 
96,899

 
—

 
6,069,532

Construction
596,530

 
1,102

 
10,062

 
—

 
607,694

Total
$
8,539,636

 
$
148,624

 
$
143,215

 
$
2,300

 
$
8,833,775
Recorded Investment in Loan Classes Based on Payment Activity
The following table presents the recorded investment in those loan classes based on payment activity as of June 30, 2016 and December 31, 2015: 
Credit exposure - by payment activity
Performing
Loans
 
Non-Performing
Loans
 
Total Non-PCI
Loans
 
(in thousands)
June 30, 2016
 
 
 
 
 
Residential mortgage
$
2,842,324

 
$
14,866

 
$
2,857,190

Home equity
379,211

 
989

 
380,200

Automobile
1,141,510

 
141

 
1,141,651

Other consumer
489,059

 
—

 
489,059

Total
$
4,852,104

 
$
15,996

 
$
4,868,100

December 31, 2015
 
 
 
 
 
Residential mortgage
$
2,894,149

 
$
17,930

 
$
2,912,079

Home equity
389,721

 
2,088

 
391,809

Automobile
1,238,708

 
118

 
1,238,826

Other consumer
426,147

 
—

 
426,147

Total
$
4,948,725

 
$
20,136

 
$
4,968,861

The following table presents the recorded investment in PCI loans by class based on individual loan payment activity as of June 30, 2016 and December 31, 2015. 
Credit exposure - by payment activity
Performing
Loans
 
Non-Performing
Loans
 
Total
PCI Loans
 
(in thousands)
June 30, 2016
 
 
 
 
 
Commercial and industrial
$
318,935

 
$
8,976

 
$
327,911

Commercial real estate
1,185,024

 
11,120

 
1,196,144

Construction
135,090

 
1,425

 
136,515

Residential mortgage
194,532

 
3,631

 
198,163

Consumer
110,545

 
6,123

 
116,668

Total
$
1,944,126

 
$
31,275

 
$
1,975,401

December 31, 2015
 
 
 
 
 
Commercial and industrial
$
373,665

 
$
10,277

 
$
383,942

Commercial real estate
1,342,030

 
13,074

 
1,355,104

Construction
141,547

 
5,706

 
147,253

Residential mortgage
214,713

 
3,749

 
218,462

Consumer
129,891

 
5,819

 
135,710

Total
$
2,201,846

 
$
38,625

 
$
2,240,471