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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Allowance for Credit Loss
The following table provides information regarding changes in the total allowance for credit losses during the three and nine months ended September 30, 2022 and 2021.
TABLE 50: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES
THREE MONTHS ENDED SEPTEMBER 30, 2022
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITHELD TO MATURITY DEBT SECURITIESOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$138.2 $43.5 $15.4 $1.1 $198.2 
Charge-Offs(5.4)— — — (5.4)
Recoveries0.9 — — — 0.9 
Net Recoveries (Charge-Offs)(4.5)— — — (4.5)
Provision for Credit Losses(1)
5.0 (2.8)(0.4)(0.4)1.4 
Balance at End of Period$138.7 $40.7 $15.0 $0.7 $195.1 
(1) The table excludes a release of credit reserves of $0.9 million for the three months ended September 30, 2022 for AFS debt securities. See further detail in Note 4 - Securities.
NINE MONTHS ENDED SEPTEMBER 30, 2022
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITHELD TO MATURITY DEBT SECURITIESOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$138.4 $34.1 $11.2 $1.0 $184.7 
Charge-Offs(5.5)— — — (5.5)
Recoveries9.7 — — — 9.7 
Net Recoveries (Charge-Offs)4.2 — — — 4.2 
Provision for Credit Losses(1)
(3.9)6.6 3.8 (0.3)6.2 
Balance at End of Period$138.7 $40.7 $15.0 $0.7 $195.1 
(1) The table excludes a provision of $0.8 million for the nine months ended September 30, 2022 for AFS debt securities. See further detail in Note 4 - Securities.

THREE MONTHS ENDED SEPTEMBER 30, 2021
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITHELD TO MATURITY DEBT SECURITIESOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$148.8 $46.5 $10.5 $1.2 $207.0 
Charge-Offs— — — — — 
Recoveries1.1 — — — 1.1 
Net Recoveries (Charge-Offs) 1.1 — — — 1.1 
Provision for Credit Losses(6.0)(6.7)(0.1)(0.2)(13.0)
Balance at End of Period$143.9 $39.8 $10.4 $1.0 $195.1 
NINE MONTHS ENDED SEPTEMBER 30, 2021
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITHELD TO MATURITY DEBT SECURITIESOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$190.7 $61.1 $7.3 $0.8 $259.9 
Charge-Offs(0.4)— — — (0.4)
Recoveries5.6 — — — 5.6 
Net Recoveries (Charge-Offs)5.2 — — — 5.2 
Provision for Credit Losses(52.0)(21.3)3.1 0.2 (70.0)
Balance at End of Period$143.9 $39.8 $10.4 $1.0 $195.1 
The following table provides information regarding changes in the total allowance for credit losses related to loans and leases, including undrawn loan commitments and standby letters of credit, by segment during the three and nine months ended September 30, 2022 and 2021.
TABLE 51: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES RELATED TO LOANS AND LEASES
THREE MONTHS ENDED SEPTEMBER 30, 2022
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$102.5 $35.7 $138.2 $40.3 $3.2 $43.5 
Charge-Offs(4.9)(0.5)(5.4)— — — 
Recoveries0.3 0.6 0.9 — — — 
Net Recoveries (Charge-Offs)(4.6)0.1 (4.5)— — — 
Provision for Credit Losses2.7 2.3 5.0 (2.8)— (2.8)
Balance at End of Period$100.6 $38.1 $138.7 $37.5 $3.2 $40.7 
NINE MONTHS ENDED SEPTEMBER 30, 2022
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$105.6 $32.8 $138.4 $31.4 $2.7 $34.1 
Charge-Offs(4.9)(0.6)(5.5)— — — 
Recoveries2.7 7.0 9.7 — — — 
Net Recoveries (Charge-Offs) (2.2)6.4 4.2 — — — 
Provision for Credit Losses(2.8)(1.1)(3.9)6.1 0.5 6.6 
Balance at End of Period$100.6 $38.1 $138.7 $37.5 $3.2 $40.7 
THREE MONTHS ENDED SEPTEMBER 30, 2021
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$118.0 $30.8 $148.8 $43.6 $2.9 $46.5 
Charge-Offs— — — — — — 
Recoveries0.4 0.7 1.1 — — — 
Net Recoveries (Charge-Offs)0.4 0.7 1.1 — — — 
Provision for Credit Losses(2.7)(3.3)(6.0)(6.4)(0.3)(6.7)
Balance at End of Period$115.7 $28.2 $143.9 $37.2 $2.6 $39.8 
NINE MONTHS ENDED SEPTEMBER 30, 2021
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$142.2 $48.5 $190.7 $57.6 $3.5 $61.1 
Charge-Offs— (0.4)(0.4)— — — 
Recoveries0.9 4.7 5.6 — — — 
Net Recoveries (Charge-Offs)0.9 4.3 5.2 — — — 
Provision for Credit Losses(27.4)(24.6)(52.0)(20.4)(0.9)(21.3)
Balance at End of Period$115.7 $28.2 $143.9 $37.2 $2.6 $39.8 
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 September 30, 2022 and December 31, 2021.
TABLE 52: RECORDED INVESTMENTS IN LOANS AND LEASES
SEPTEMBER 30, 2022DECEMBER 31, 2021
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Loans and Leases
Evaluated on an Individual Basis$64.6 $43.3 $107.9 $92.1 $74.5 $166.6 
Evaluated on a Collective Basis22,724.7 21,159.3 43,884.0 18,395.3 21,918.7 40,314.0 
Total Loans and Leases22,789.3 21,202.6 43,991.9 18,487.4 21,993.2 40,480.6 
Allowance for Credit Losses on Loans and Leases
Evaluated on an Individual Basis10.9 — 10.9 10.1 — 10.1 
Evaluated on a Collective Basis89.7 38.1 127.8 95.5 32.8 128.3 
Allowance Assigned to Loans and Leases100.6 38.1 138.7 105.6 32.8 138.4 
Allowance for Undrawn Loan Commitments and Standby Letters of Credit
Evaluated on an Individual Basis— — — — — — 
Evaluated on a Collective Basis37.5 3.2 40.7 31.4 2.7 34.1 
Allowance Assigned to Undrawn Loan Commitments and Standby Letters of Credit37.5 3.2 40.7 31.4 2.7 34.1 
Total Allowance Assigned to Loans and Leases and Undrawn Loan Commitments and Standby Letters of Credit$138.1 $41.3 $179.4 $137.0 $35.5 $172.5 
Debt Securities, Held-to-maturity, Allowance for Credit Loss The following table provides information regarding changes in the total allowance for credit losses for HTM debt securities during the three and nine months ended September 30, 2022 and 2021.
TABLE 53: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES RELATED TO HELD TO MATURITY DEBT SECURITIES
THREE MONTHS ENDED SEPTEMBER 30, 2022
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPRANATIONAL, AND NON-U.S. AGENCY BONDSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$1.8 $3.8 $4.8 $0.1 $4.9 $15.4 
Provision for Credit Losses(0.3)(0.7)(1.0)— 1.6 (0.4)
Balance at End of Period$1.5 $3.1 $3.8 $0.1 $6.5 $15.0 
NINE MONTHS ENDED SEPTEMBER 30, 2022
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPRANATIONAL, AND NON-U.S. AGENCY BONDSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$1.4 $1.9 $3.0 $0.1 $4.8 $11.2 
Provision for Credit Losses0.1 1.2 0.8 — 1.7 3.8 
Balance at End of Period$1.5 $3.1 $3.8 $0.1 $6.5 $15.0 
THREE MONTHS ENDED SEPTEMBER 30, 2021
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPRANATIONAL, AND NON-U.S. AGENCY BONDSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$1.6 $1.5 $2.6 $0.1 $4.7 $10.5 
Provision for Credit Losses(0.2)(0.1)0.2 — — (0.1)
Balance at End of Period$1.4 $1.4 $2.8 $0.1 $4.7 $10.4 
NINE MONTHS ENDED SEPTEMBER 30, 2021
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPRANATIONAL, AND NON-U.S. AGENCY BONDSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$0.8 $0.2 $1.2 $0.1 $5.0 $7.3 
Provision for Credit Losses0.6 1.2 1.6 — (0.3)3.1 
Balance at End of Period$1.4 $1.4 $2.8 $0.1 $4.7 $10.4 
Schedule of Accrued Liabilities
The following table provides the amount of accrued interest excluded from the amortized cost basis of the following portfolios.
TABLE 54: ACCRUED INTEREST
(In Millions)SEPTEMBER 30, 2022DECEMBER 31, 2021
Loans and Leases$140.8 $62.6 
Debt Securities
Held to Maturity73.0 30.4 
Available for Sale114.5 129.7 
Other Financial Assets28.4 2.3 
Total$356.7 $225.0