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Loans (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Loan composition
The period end loan composition was as follows:
($ in thousands)Dec 31, 2023Dec 31, 2022
Commercial and industrial$9,731,555 $9,759,454 
Commercial real estate - owner occupied1,061,700 991,722 
Commercial and business lending10,793,255 10,751,176 
Commercial real estate - investor5,124,245 5,080,344 
Real estate construction2,271,398 2,155,222 
Commercial real estate lending7,395,644 7,235,565 
Total commercial18,188,898 17,986,742 
Residential mortgage7,864,891 8,511,550 
Auto finance2,256,162 1,382,073 
Home equity628,526 624,353 
Other consumer277,740 294,851 
Total consumer11,027,319 10,812,828 
Total loans$29,216,218 $28,799,569 
Loans to Related Parties
The Corporation has granted loans to its directors, executive officers, or their related interests. These loans were made on substantially the same terms, including rates and collateral, as those prevailing at the time for comparable transactions with other unrelated customers, and do not involve more than a normal risk of collection. These loans to related parties are summarized below:
($ in thousands)20232022
Balance at beginning of year$3,376 $45,245 
New loans2,564 2,656 
Repayments(253)(1,416)
Change due to status of executive officers and directors(280)(43,110)
Balance at end of year$5,406 $3,376 
Loans, Credit Quality Indicator by Vintage Year
The following table presents loans by credit quality indicator by origination year at December 31, 2023:
Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20232022202120202019PriorTotal
Commercial and industrial:
Risk rating:
Pass$1,380 $1,693,629 $1,736,617 $2,877,173 $1,824,362 $398,046 $383,695 $449,006 $9,362,529 
Special mention— 21,779 4,017 46,610 8,525 3,529 — 25,341 109,801 
Potential problem804 81,543 10,515 39,748 47,279 17,732 94 291 197,202 
Nonaccrual6,414 — 13,317 14,188 33,891 627 — — 62,022 
Commercial and industrial$8,598 $1,796,951 $1,764,466 $2,977,719 $1,914,057 $419,934 $383,789 $474,638 $9,731,555 
Commercial real estate - owner occupied:
Risk rating:
Pass$— $15,393 $204,039 $188,003 $239,218 $136,535 $135,730 $92,339 $1,011,259 
Special mention— 271 — — 6,150 2,635 — 1,293 10,349 
Potential problem— 292 14,735 2,791 6,416 8,537 3,086 2,841 38,699 
Nonaccrual— — 1,394 — — — — — 1,394 
Commercial real estate - owner occupied$— $15,957 $220,168 $190,794 $251,783 $147,708 $138,816 $96,473 $1,061,700 
Commercial and business lending:
Risk rating:
Pass$1,380 $1,709,023 $1,940,657 $3,065,177 $2,063,580 $534,581 $519,426 $541,345 $10,373,788 
Special mention— 22,050 4,017 46,610 14,675 6,164 — 26,634 120,150 
Potential problem804 81,836 25,250 42,539 53,695 26,269 3,180 3,132 235,900 
Nonaccrual6,414 — 14,710 14,188 33,891 627 — — 63,416 
Commercial and business lending$8,598 $1,812,909 $1,984,635 $3,168,514 $2,165,840 $567,642 $522,606 $571,111 $10,793,255 
Commercial real estate - investor:
Risk rating:
Pass$— $155,109 $1,263,866 $1,266,866 $1,080,425 $471,371 $358,996 $239,230 $4,835,865 
Special mention— 502 4,248 25,474 26,208 — 29,772 6,014 92,218 
Potential problem— — 106,002 50,152 15,000 983 — 24,025 196,163 
Commercial real estate - investor$— $155,611 $1,374,116 $1,342,492 $1,121,633 $472,355 $388,768 $269,269 $5,124,245 
Real estate construction:
Risk rating:
Pass$— $23,307 $422,277 $1,176,608 $547,825 $87,680 $5,740 $7,954 $2,271,392 
Nonaccrual— — — — — — — 6 6 
Real estate construction$— $23,307 $422,277 $1,176,608 $547,825 $87,680 $5,740 $7,960 $2,271,398 
Commercial real estate lending:
Risk rating:
Pass$— $178,416 $1,686,143 $2,443,474 $1,628,250 $559,052 $364,737 $247,184 $7,107,256 
Special mention— 502 4,248 25,474 26,208 — 29,772 6,014 92,218 
Potential problem— — 106,002 50,152 15,000 983 — 24,025 196,163 
Nonaccrual— — — — — — — 6 6 
Commercial real estate lending$— $178,918 $1,796,393 $2,519,100 $1,669,458 $560,035 $394,508 $277,230 $7,395,644 
Total commercial:
Risk rating:
Pass$1,380 $1,887,439 $3,626,800 $5,508,651 $3,691,830 $1,093,633 $884,162 $788,529 $17,481,044 
Special mention— 22,552 8,265 72,084 40,882 6,164 29,772 32,648 212,368 
Potential problem804 81,836 131,253 92,691 68,695 27,253 3,180 27,157 432,063 
Nonaccrual6,414 — 14,710 14,188 33,891 627 — 6 63,422 
Total commercial$8,598 $1,991,827 $3,781,028 $5,687,614 $3,835,298 $1,127,677 $917,114 $848,341 $18,188,898 
Residential mortgage:
Risk rating:
Pass$— $— $352,321 $1,617,409 $2,110,577 $1,414,186 $647,778 $1,650,542 $7,792,813 
Special mention— — — — — — 95 57 152 
Potential problem— — 490 93 — — 174 26 784 
Nonaccrual— — 1,425 9,567 9,259 10,397 6,628 33,865 71,142 
Residential mortgage$— $— $354,236 $1,627,070 $2,119,836 $1,424,583 $654,675 $1,684,490 $7,864,891 
Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20232022202120202019PriorTotal
Auto finance:
Risk rating:
Pass$— $— $1,218,820 $952,912 $75,209 $163 $456 $132 $2,247,691 
Special mention— — 619 1,850 205 — — — 2,674 
Nonaccrual— — 1,032 4,332 430 — 3 — 5,797 
Auto finance$— $— $1,220,471 $959,094 $75,844 $163 $458 $132 $2,256,162 
Home equity:
Risk rating:
Pass$8,703 $521,000 $1,678 $29,863 $6,084 $2,327 $4,891 $53,350 $619,192 
Special mention179 200 — 87 — 29 15 378 708 
Potential problem10 75 10 — — — 33 — 118 
Nonaccrual1,302 160 29 495 132 144 368 7,180 8,508 
Home equity$10,195 $521,434 $1,717 $30,445 $6,217 $2,500 $5,308 $60,907 $628,526 
Other consumer:
Risk rating:
Pass$121 $198,214 $6,419 $3,732 $2,658 $1,127 $460 $64,121 $276,731 
Special mention26 843 9 — 3 20 — 6 881 
Nonaccrual27 71 10 1 6 2 8 29 128 
Other consumer$174 $199,129 $6,438 $3,733 $2,668 $1,149 $468 $64,156 $277,740 
Total consumer:
Risk rating:
Pass$8,824 $719,213 $1,579,238 $2,603,916 $2,194,529 $1,417,802 $653,584 $1,768,145 $10,936,428 
Special mention205 1,043 628 1,936 208 49 110 441 4,416 
Potential problem10 75 500 93 — — 207 26 901 
Nonaccrual1,330 231 2,496 14,396 9,827 10,544 7,007 41,073 85,574 
Total consumer$10,369 $720,563 $1,582,862 $2,620,341 $2,204,564 $1,428,395 $660,909 $1,809,685 $11,027,319 
Total loans:
Risk rating:
Pass$10,204 $2,606,652 $5,206,038 $8,112,567 $5,886,359 $2,511,435 $1,537,747 $2,556,674 $28,417,472 
Special mention205 23,595 8,893 74,020 41,091 6,213 29,882 33,089 216,784 
Potential problem814 81,910 131,753 92,784 68,695 27,253 3,387 27,183 432,965 
Nonaccrual7,744 231 17,206 28,584 43,718 11,170 7,007 41,080 148,997 
Total loans$18,966 $2,712,389 $5,363,890 $8,307,956 $6,039,862 $2,556,071 $1,578,023 $2,658,026 $29,216,218 
(a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination.
The following table presents loans by credit quality indicator by origination year at December 31, 2022:
Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20222021202020192018PriorTotal
Commercial and industrial:
Risk rating:
Pass$1,423 $1,938,777 $3,245,546 $2,367,008 $567,833 $573,120 $330,642 $432,906 $9,455,833 
Special mention— 93,209 3,411 23,607 — — 19 32,497 152,744 
Potential problem447 24,549 41,400 4,193 21,887 38,169 218 6,133 136,549 
Nonaccrual3,926 — 5,210 — 9,119 — — — 14,329 
Commercial and industrial$5,796 $2,056,535 $3,295,567 $2,394,809 $598,839 $611,289 $330,879 $471,535 $9,759,454 
Commercial real estate - owner occupied:
Risk rating:
Pass$— $12,447 $211,645 $225,627 $163,965 $160,370 $73,487 $97,420 $944,961 
Special mention— — — — 1,136 1,491 9,713 — 12,339 
Potential problem— 1,325 1,238 11,141 5,523 10,769 370 4,055 34,422 
Commercial real estate - owner occupied$— $13,772 $212,883 $236,769 $170,624 $172,630 $83,570 $101,475 $991,722 
Commercial and business lending:
Risk rating:
Pass$1,423 $1,951,224 $3,457,191 $2,592,636 $731,798 $733,490 $404,129 $530,326 $10,400,794 
Special mention— 93,209 3,411 23,607 1,136 1,491 9,732 32,497 165,083 
Potential problem447 25,874 42,638 15,335 27,410 48,938 589 10,188 170,971 
Nonaccrual3,926 — 5,210 — 9,119 — — — 14,329 
Commercial and business lending$5,796 $2,070,307 $3,508,450 $2,631,578 $769,463 $783,919 $414,449 $573,010 $10,751,176 
Commercial real estate - investor:
Risk rating:
Pass$38,412 $106,280 $1,633,094 $1,419,000 $683,121 $530,444 $262,858 $210,299 $4,845,096 
Special mention— — 61,968 24,149 7,361 9,400 — 10,455 113,333 
Potential problem— — 16,147 21,303 27,635 1,333 19,017 7,099 92,535 
Nonaccrual— — 2,177 25,668 — — — 1,535 29,380 
Commercial real estate - investor$38,412 $106,280 $1,713,387 $1,490,120 $718,117 $541,177 $281,875 $229,387 $5,080,344 
Real estate construction:
Risk rating:
Pass$— $29,892 $900,593 $913,107 $241,230 $12,062 $2,226 $9,775 $2,108,885 
Special mention— — — — 12,174 33,087 — — 45,261 
Potential problem— — — — 970 — — — 970 
Nonaccrual— — — — — — — 105 105 
Real estate construction$— $29,892 $900,593 $913,107 $254,374 $45,149 $2,226 $9,880 $2,155,222 
Commercial real estate lending:
Risk rating:
Pass$38,412 $136,173 $2,533,687 $2,332,107 $924,351 $542,505 $265,083 $220,073 $6,953,981 
Special mention— — 61,968 24,149 19,535 42,487 — 10,455 158,595 
Potential problem— — 16,147 21,303 28,605 1,333 19,017 7,099 93,505 
Nonaccrual— — 2,177 25,668 — — — 1,640 29,485 
Commercial real estate lending$38,412 $136,173 $2,613,980 $2,403,227 $972,492 $586,326 $284,101 $239,267 $7,235,565 
Total commercial:
Risk rating:
Pass$39,835 $2,087,396 $5,990,879 $4,924,743 $1,656,149 $1,275,996 $669,213 $750,399 $17,354,774 
Special mention— 93,209 65,379 47,756 20,671 43,978 9,732 42,952 323,677 
Potential problem447 25,874 58,785 36,638 56,016 50,271 19,606 17,287 264,476 
Nonaccrual3,926 — 7,387 25,668 9,119 — — 1,640 43,814 
Total commercial$44,208 $2,206,480 $6,122,430 $5,034,805 $1,741,955 $1,370,245 $698,550 $812,278 $17,986,742 
Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20222021202020192018PriorTotal
Residential mortgage:
Risk rating:
Pass$— $— $1,410,566 $2,184,125 $1,716,663 $817,164 $370,724 $1,951,406 $8,450,648 
Special mention— — — 284 96 — — 63 444 
Potential problem— — 455 71 — 738 29 685 1,978 
Nonaccrual— — 8,506 3,851 6,219 3,744 5,014 31,145 58,480 
Residential mortgage$— $— $1,419,527 $2,188,332 $1,722,979 $821,645 $375,768 $1,983,299 $8,511,550 
Auto finance:
Risk rating:
Pass$— $— $1,271,205 $106,102 $333 $1,267 $446 $61 $1,379,414 
Special mention— — 1,052 118 — — — — 1,170 
Nonaccrual— — 1,149 331 — 9 — — 1,490 
Auto finance$— $— $1,273,406 $106,551 $333 $1,276 $446 $61 $1,382,073 
Home equity:
Risk rating:
Pass$7,254 $508,212 $31,389 $6,508 $2,112 $6,197 $6,966 $54,827 $616,211 
Special mention47 102 — — — — 47 310 458 
Potential problem— 15 — — — 34 2 146 197 
Nonaccrual1,590 — 306 102 131 307 319 6,322 7,487 
Home equity$8,891 $508,329 $31,695 $6,610 $2,243 $6,538 $7,333 $61,605 $624,353 
Other consumer:
Risk rating:
Pass$64 $199,942 $7,429 $5,256 $2,468 $1,238 $174 $77,611 $294,117 
Special mention6 490 11 — 5 5 — 25 537 
Nonaccrual78 56 11 21 10 56 10 34 197 
Other consumer$147 $200,488 $7,452 $5,276 $2,482 $1,300 $184 $77,670 $294,851 
Total consumer:
Risk rating:
Pass$7,318 $708,154 $2,720,589 $2,301,991 $1,721,576 $825,866 $378,310 $2,083,904 $10,740,390 
Special mention52 592 1,063 403 101 5 47 398 2,609 
Potential problem— 15 455 71 — 772 31 831 2,175 
Nonaccrual1,668 56 9,973 4,304 6,360 4,116 5,343 37,501 67,654 
Total consumer$9,038 $708,817 $2,732,080 $2,306,769 $1,728,037 $830,759 $383,731 $2,122,635 $10,812,828 
Total loans:
Risk rating:
Pass$47,152 $2,795,551 $8,711,468 $7,226,734 $3,377,725 $2,101,861 $1,047,522 $2,834,303 $28,095,164 
Special mention52 93,801 66,443 48,159 20,772 43,983 9,778 43,350 326,286 
Potential problem447 25,889 59,240 36,709 56,016 51,043 19,637 18,118 266,651 
Nonaccrual5,595 56 17,360 29,972 15,479 4,116 5,343 39,141 111,467 
Total loans$53,246 $2,915,297 $8,854,510 $7,341,574 $3,469,992 $2,201,004 $1,082,280 $2,934,912 $28,799,569 
(a) Revolving loans converted to term loans are those reported during the reporting period and are also reported in their year of origination.
The following table presents gross charge offs by origination year at December 31, 2023:
Gross Charge Offs by Origination Year
($ in thousands)Rev Loans Amortized Cost Basis20232022202120202019PriorTotal
Commercial and industrial$4,130 $717 $9,594 $25,270 $5,958 $— $18 $45,687 
Commercial real estate-owner occupied— — — — — 25 — 25 
Commercial and business lending4,130 717 9,594 25,270 5,958 25 18 45,713 
Commercial real estate-investor— — — — — — 252 252 
Real estate construction— — — — — — 25 25 
Commercial real estate lending— — — — — — 277 277 
Total commercial4,130 717 9,594 25,270 5,958 25 295 45,989 
Residential mortgage— 2 32 42 148 5 723 952 
Auto finance— 795 4,524 626 — 5 — 5,950 
Home equity53 21 3 31 — 22 294 424 
Other consumer4,884 — 72 124 131 72 170 5,453 
Total consumer4,937 818 4,630 823 279 105 1,187 12,779 
Total gross charge offs$9,068 $1,535 $14,224 $26,093 $6,237 $130 $1,482 $58,768 
Loans, Past Due Status
The following table presents loans by past due status at December 31, 2023:
Accruing
($ in thousands)Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Nonaccrual(a)(b)
Total
Commercial and industrial$9,663,587 $5,374 $191 $380 $62,022 $9,731,555 
Commercial real estate - owner occupied1,059,948 — 358 — 1,394 1,061,700 
Commercial and business lending10,723,536 5,374 549 380 63,416 10,793,255 
Commercial real estate - investor5,086,117 — 18,697 19,432 — 5,124,245 
Real estate construction2,271,392 — — — 6 2,271,398 
Commercial real estate lending7,357,509 — 18,697 19,432 6 7,395,644 
Total commercial18,081,044 5,374 19,246 19,812 63,422 18,188,898 
Residential mortgage7,780,304 13,294 152 — 71,142 7,864,891 
Auto finance2,232,906 14,712 2,674 73 5,797 2,256,162 
Home equity615,810 3,500 708 — 8,508 628,526 
Other consumer273,644 1,233 932 1,803 128 277,740 
Total consumer10,902,664 32,739 4,467 1,876 85,574 11,027,319 
Total loans$28,983,708 $38,113 $23,712 $21,689 $148,997 $29,216,218 
(a) Of the total nonaccrual loans, $80 million, or 53%, were current with respect to payment at December 31, 2023.
(b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2023. In addition, there were $23 million of nonaccrual loans for which there was no related ACLL at December 31, 2023.
The following table presents loans by past due status at December 31, 2022:
Accruing
($ in thousands)Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Nonaccrual(a)(b)
Total
Commercial and industrial$9,738,561 $716 $5,566 $282 $14,329 $9,759,454 
Commercial real estate - owner occupied991,493 218 12 — — 991,722 
Commercial and business lending10,730,053 934 5,578 282 14,329 10,751,176 
Commercial real estate - investor5,049,897 1,067 — — 29,380 5,080,344 
Real estate construction2,155,077 39 — — 105 2,155,222 
Commercial real estate lending7,204,975 1,105 — — 29,485 7,235,565 
Total commercial17,935,028 2,040 5,578 282 43,814 17,986,742 
Residential mortgage8,443,072 9,811 63 124 58,480 8,511,550 
Auto finance1,371,176 8,238 1,170 — 1,490 1,382,073 
Home equity611,259 5,149 458 — 7,487 624,353 
Other consumer291,722 1,018 592 1,322 197 294,851 
Total consumer10,717,229 24,216 2,283 1,446 67,654 10,812,828 
Total loans$28,652,257 $26,256 $7,861 $1,728 $111,467 $28,799,569 
(a) Of the total nonaccrual loans, $64 million, or 58%, were current with respect to payment at December 31, 2022.
(b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2022. In addition, there were $11 million of nonaccrual loans for which there was no related ACLL at December 31, 2022.
Loans, Modifications
The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the twelve months ended December 31, 2023. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at December 31, 2023.
Interest Rate Concession
($ in thousands)Amortized Cost
Commercial and industrial$306 
Auto255 
Home equity77 
Other consumer1,449 
Total loans modified$2,087 
Term Extension
($ in thousands)Amortized Cost
Residential mortgage$208 
Home equity25 
Total loans modified$233 
Combination - Interest Rate Concession and Term Extension
($ in thousands)Amortized Cost
Residential mortgage$865 
Home equity339 
Total loans modified$1,204 

The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans as of December 31, 2023:
Interest Rate Concession
Loan Type
Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a)
Commercial and industrial(19)%
Residential mortgage1 %
Auto(9)%
Home equity— %
Other consumer(21)%
Weighted average of total loans modified(11)%
(a) Due to market conditions, some interest rate concessions on floating rate loans may involve an increase in rate that was lower in comparison to the rate of increase for floating rate loans not modified.
Term Extension
Loan Type
Financial Effect, Weighted Average Term Increase(a)
Residential mortgage65 months
Home equity85 months
Weighted average of total loans modified71 months
(a) During the twelve months ended December 31, 2023, term extensions changed the weighted average term on modified loans from 175 to 245 months.
Loans, Modifications in Last 12 Months, Performance The following table depicts the performance of loans that have been modified in the twelve months ended December 31, 2023:
Payment Status (Amortized Cost Basis)
($ in thousands)Current30-89 Days Past Due90+ Days Past DueNonaccrual
Commercial and industrial$306 $— $— $— 
Residential mortgage405 — — 668 
Auto218 36 — — 
Home equity258 47 — 137 
Other consumer1,449 — — — 
Total loans modified$2,636 $83 $— $805 
Loans, Modified, Subsequent Default
The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous twelve months and subsequently had a payment default, as of December 31, 2023:
Amortized Cost of Loan Modifications that Subsequently Defaulted
($ in thousands)Interest Rate ConcessionTerm ExtensionCombination Interest Rate Reduction and Term Extension
Residential mortgage$— $208 $248 
Home equity— — 27 
Total loans modified$— $208 $275 
Loans, TDR Performance and Nonaccrual
The following table presents nonaccrual and performing restructured loans by loan portfolio at December 31, 2022, prior to the adoption of ASU 2022-02:
 December 31, 2022
($ in thousands)Performing Restructured Loans
Nonaccrual Restructured Loans(a)
Commercial and industrial$12,453 $— 
Commercial real estate - owner occupied316 — 
Commercial real estate - investor128 2,074 
Real estate construction195 9 
Residential mortgage16,829 17,117 
Home equity2,148 927 
Other consumer798 — 
   Total restructured loans$32,868 $20,127 
(a) Nonaccrual restructured loans have been included within nonaccrual loans.
Loans, TDR, Summary
The following table provides the number of loans modified in a TDR by loan portfolio, the recorded investment, and unpaid principal balance at December 31, 2022:
 December 31, 2022
($ in thousands)Number
of
Loans
Recorded
Investment(a)
Unpaid
Principal
Balance(b)
Commercial and industrial2 $281 $281 
Residential mortgage55 10,557 10,777 
Home equity15 531 557 
   Total loans modified72 $11,370 $11,616 
(a) Represents post-modification outstanding recorded investment.
(b) Represents pre-modification outstanding recorded investment.
Loans, TDR, Subsequent Default
The following table provides the number of loans modified during the previous twelve months which subsequently defaulted during the year ended December 31, 2022, and the recorded investment in these restructured loans at the time of default as of December 31, 2022:
 December 31, 2022
($ in thousands)Number of
Loans		Recorded
Investment
Residential mortgage4 $1,178 
Changes in the allowance for credit losses by portfolio segment
The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2023:
($ in thousands)Dec 31, 2022Charge OffsRecoveriesNet Charge OffsProvision for Credit LossesDec 31, 2023ACLL / Loans
Allowance for loan losses
Commercial and industrial$119,076 $(45,687)$3,015 $(42,672)$51,859 $128,263 
Commercial real estate — owner occupied9,475 (25)11 (15)1,150 10,610 
Commercial and business lending128,551 (45,713)3,026 (42,687)53,009 138,873 
Commercial real estate — investor54,398 (252)3,016 2,763 10,697 67,858 
Real estate construction45,589 (25)80 55 7,910 53,554 
Commercial real estate lending99,986 (277)3,095 2,819 18,607 121,412 
Total commercial228,538 (45,989)6,121 (39,868)71,616 260,285 
Residential mortgage38,298 (952)541 (411)(79)37,808 
Auto finance19,619 (5,950)1,241 (4,709)10,051 24,961 
Home equity14,875 (424)1,262 837 (310)15,403 
Other consumer11,390 (5,453)978 (4,475)5,723 12,638 
Total consumer84,182 (12,779)4,021 (8,758)15,384 90,809 
Total loans$312,720 $(58,768)$10,142 $(48,626)$87,000 $351,094 
Allowance for unfunded commitments
Commercial and industrial$12,997 $— $— $— $321 $13,319 
Commercial real estate — owner occupied103 — — — 46 149 
Commercial and business lending13,101 — — — 367 13,468 
Commercial real estate — investor710 — — — (230)480 
Real estate construction20,583 — — — (3,558)17,024 
Commercial real estate lending21,292 — — — (3,788)17,504 
Total commercial34,393 — — — (3,421)30,972 
Home equity2,699 — — — (70)2,629 
Other consumer1,683 — — — (509)1,174 
Total consumer4,382 — — — (579)3,803 
Total loans$38,776 $— $— $— $(4,000)$34,776 
Allowance for credit losses on loans
Commercial and industrial$132,073 $(45,687)$3,015 $(42,672)$52,181 $141,582 1.45 %
Commercial real estate — owner occupied9,579 (25)11 (15)1,195 10,759 1.01 %
Commercial and business lending141,652 (45,713)3,026 (42,687)53,376 152,341 1.41 %
Commercial real estate — investor55,108 (252)3,016 2,763 10,467 68,338 1.33 %
Real estate construction66,171 (25)80 55 4,351 70,578 3.11 %
Commercial real estate lending121,279 (277)3,095 2,819 14,819 138,916 1.88 %
Total commercial262,931 (45,989)6,121 (39,868)68,195 291,257 1.60 %
Residential mortgage38,298 (952)541 (411)(79)37,808 0.48 %
Auto finance19,619 (5,950)1,241 (4,709)10,051 24,961 1.11 %
Home equity17,574 (424)1,262 837 (380)18,032 2.87 %
Other consumer13,073 (5,453)978 (4,475)5,214 13,812 4.97 %
Total consumer88,565 (12,779)4,021 (8,758)14,805 94,613 0.86 %
Total loans$351,496 $(58,768)$10,142 $(48,626)$83,000 $385,870 1.32 %
The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2022:
($ in thousands)Dec 31, 2021Charge OffsRecoveriesNet Charge OffsProvision for Credit LossesDec 31, 2022ACLL / Loans
Allowance for loan losses
Commercial and industrial$89,857 $(4,491)$5,282 $791 $28,428 $119,076 
Commercial real estate — owner occupied11,473 — 13 13 (2,011)9,475 
Commercial and business lending101,330 (4,491)5,295 804 26,418 128,551 
Commercial real estate — investor72,803 (50)50 — (18,405)54,398 
Real estate construction37,643 (48)106 58 7,887 45,589 
Commercial real estate lending110,446 (98)156 58 (10,518)99,986 
Total commercial211,776 (4,588)5,451 862 15,900 228,538 
Residential mortgage40,787 (567)908 341 (2,830)38,298 
Auto finance1,999 (1,041)98 (943)18,563 19,619 
Home equity14,011 (587)1,385 798 66 14,875 
Other consumer11,441 (3,363)1,010 (2,353)2,301 11,390 
Total consumer68,239 (5,558)3,401 (2,157)18,100 84,182 
Total loans$280,015 $(10,146)$8,852 $(1,294)$34,000 $312,720 
Allowance for unfunded commitments
Commercial and industrial$18,459 $— $— $— $(5,462)$12,997 
Commercial real estate — owner occupied208 — — — (105)103 
Commercial and business lending18,667 — — — (5,566)13,101 
Commercial real estate — investor936 — — — (226)710 
Real estate construction15,586 — — — 4,997 20,583 
Commercial real estate lending16,522 — — — 4,770 21,292 
Total commercial35,189 — — — (796)34,393 
Home equity2,592 — — — 107 2,699 
Other consumer1,995 — — — (311)1,683 
Total consumer4,587 — — — (204)4,382 
Total loans$39,776 $— $— $— $(1,000)$38,776 
Allowance for credit losses on loans
Commercial and industrial$108,316 $(4,491)$5,282 $791 $22,967 $132,073 1.35 %
Commercial real estate — owner occupied11,681 — 13 13 (2,115)9,579 0.97 %
Commercial and business lending119,997 (4,491)5,295 804 20,852 141,652 1.32 %
Commercial real estate — investor73,739 (50)50 — (18,631)55,108 1.08 %
Real estate construction53,229 (48)106 58 12,884 66,171 3.07 %
Commercial real estate lending126,968 (98)156 58 (5,748)121,279 1.68 %
Total commercial246,965 (4,588)5,451 862 15,104 262,931 1.46 %
Residential mortgage40,787 (567)908 341 (2,830)38,298 0.45 %
Auto finance1,999 (1,041)98 (943)18,563 19,619 1.42 %
Home equity16,603 (587)1,385 798 173 17,574 2.81 %
Other consumer13,436 (3,363)1,010 (2,353)1,990 13,073 4.43 %
Total consumer72,825 (5,558)3,401 (2,157)17,896 88,565 0.82 %
Total loans$319,791 $(10,146)$8,852 $(1,294)$33,000 $351,496 1.22 %