Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Recorded Investments in Loans and Leases

	THREE MONTHS ENDED MARCH 31,
	2020
	LOANS AND LEASES									UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)	COMMERCIAL			PERSONAL			TOTAL			COMMERCIAL		PERSONAL			TOTAL
Balance at End of Prior Period	$	58.1		$	46.4		$	104.5		$	15.8	$	4.1		$	19.9
Cumulative Effect Adjustment	(5.9		)	3.7			(2.2		)	11.9		(3.0		)	8.9
Balance at Beginning of Period	52.2			50.1			102.3			27.7		1.1			28.8
Charge-Offs	(0.1		)	(1.7		)	(1.8		)	—		—			—
Recoveries	0.7			0.4			1.1			—		—			—
Net (Charge-Offs) Recoveries	0.6			(1.3		)	(0.7		)	—		—			—
Provision for Credit Losses	41.9			3.7			45.6			11.1		0.5			11.6
Balance at End of Period	$	94.7		$	52.5		$	147.2		$	38.8	$	1.6		$	40.4

	THREE MONTHS ENDED MARCH 31,
	2019
	LOANS AND LEASES									UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)	COMMERCIAL			PERSONAL			TOTAL			COMMERCIAL			PERSONAL			TOTAL
Balance at Beginning of Period	$	57.6		$	55.0		$	112.6		$	21.1		$	4.5		$	25.6
Charge-Offs	(0.1		)	(0.9		)	(1.0		)	—			—			—
Recoveries	0.4			1.8			2.2			—			—			—
Net (Charge-Offs) Recoveries	0.3			0.9			1.2			—			—			—
Provision for Credit Losses	0.2			0.5			0.7			(0.6		)	(0.1		)	(0.7		)
Balance at End of Period	$	58.1		$	56.4		$	114.5		$	20.5		$	4.4		$	24.9

The following table provides information regarding the recorded investments in loans and leases and the allowance for credit losses for loans and leases and undrawn loan commitments and standby letters of credit by segment as of March 31, 2020 and December 31, 2019.

TABLE 48: RECORDED INVESTMENTS IN LOANS AND LEASES

	MARCH 31, 2020						DECEMBER 31, 2019
(In Millions)	COMMERCIAL		PERSONAL		TOTAL		COMMERCIAL		PERSONAL		TOTAL
Loans and Leases
Evaluated on an Individual Level	$	35.6	$	68.3	$	103.9	$	10.4	$	81.8	$	92.2
Evaluated on a Collective Level	19,701.2		18,032.6		37,733.8		13,990.9		17,326.5		31,317.4
Total Loans and Leases	19,736.8		18,100.9		37,837.7		14,001.3		17,408.3		31,409.6
Allowance for Credit Losses on Credit Exposures
Evaluated on an Individual Level	5.3		0.4		5.7		3.4		1.6		5.0
Evaluated on a Collective Level	89.4		52.1		141.5		54.7		44.8		99.5
Allowance Assigned to Loans and Leases	94.7		52.5		147.2		58.1		46.4		104.5
Allowance for Undrawn Loan Commitments and Standby Letters of Credit
Evaluated on an Individual Level	3.0		—		3.0		1.9		—		1.9
Evaluated on a Collective Level	35.8		1.6		37.4		13.9		4.1		18.0
Allowance Assigned to Undrawn Loan Commitments and Standby Letters of Credit	38.8		1.6		40.4		15.8		4.1		19.9
Total Allowance Assigned to Loans and Leases and Undrawn Loan Commitments and Standby Letters of Credit	$	133.5	$	54.1	$	187.6	$	73.9	$	50.5	$	124.4

	THREE MONTHS ENDED MARCH 31,
	2020
(In Millions)	LOANS AND LEASES			UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT		DEBT SECURITIES HELD TO MATURITY		OTHER FINANCIAL ASSETS		TOTAL
Balance at End of Prior Period	$	104.5		$	19.9	$	—	$	—	$	124.4
Cumulative Effect Adjustment	(2.2		)	8.9		6.6		0.4		13.7
Balance at Beginning of Period	102.3			28.8		6.6		0.4		138.1
Charge-Offs	(1.8		)	—		—		—		(1.8		)
Recoveries	1.1			—		—		—		1.1
Net (Charge-Offs) Recoveries	(0.7		)	—		—		—		(0.7		)
Provision for Credit Losses(1)	45.6			11.6		2.9		0.7		60.8
Balance at End of Period	$	147.2		$	40.4	$	9.5	$	1.1	$	198.2

⁽¹⁾ The table excludes $0.2 million of credit losses recognized for corporate debt securities available for sale as of March 31, 2020. See further detail in Note 4 — Securities.

	THREE MONTHS ENDED MARCH 31,
	2019
(In Millions)	LOANS AND LEASES			UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT			DEBT SECURITIES HELD TO MATURITY		OTHER FINANCIAL ASSETS		TOTAL
Balance at Beginning of Period	$	112.6		$	25.6		$	—	$	—	$	138.2
Charge-Offs	(1.0		)	—			—		—		(1.0		)
Recoveries	2.2			—			—		—		2.2
Net (Charge-Offs) Recoveries	1.2			—			—		—		1.2
Provision for Credit Losses	0.7			(0.7		)	—		—		—
Balance at End of Period	$	114.5		$	24.9		$	—	$	—	$	139.4

Debt Securities, Held-to-maturity, Allowance for Credit Loss

	THREE MONTHS ENDED MARCH 31,
	2020
(In Millions)	CORPORATE DEBT		NON-U.S. GOVERNMENT		SUB-SOVEREIGN, SUPERNATIONAL, AND NON-U.S. AGENCY BONDS		CERTIFICATE OF DEPOSITS		COVERED BONDS		OTHER		TOTAL
Balance at End of Prior Period	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Cumulative Effect Adjustment	0.8		0.3		0.9		—		—		4.6		6.6
Balance at Beginning of Period	0.8		0.3		0.9		—		—		4.6		6.6
Charge-Offs	—		—		—		—		—		—		—
Recoveries	—		—		—		—		—		—		—
Net (Charge-Offs) Recoveries	—		—		—		—		—		—		—
Provision for Credit Losses	1.9		0.1		0.4		0.2		0.1		0.2		2.9
Balance at End of Period	$	2.7	$	0.4	$	1.3	$	0.2	$	0.1	$	4.8	$	9.5