Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2012

Loans and Leases Receivable Disclosure [Abstract]

The following table summarizes recorded investment; the principal amounts outstanding, net of unamortized premiums and discounts, net of deferred fees and/or costs, plus accrued interest, in loans and leases, by portfolio segment at September 30, 2012 and December 31, 2011:



	At September 30, 2012
(In thousands)	Residential		Consumer		Commercial		Commercial Real Estate		Equipment Financing		Total
Loans and Leases:
Ending balance (1)	$	3,292,948	$	2,668,004	$	2,737,059	$	2,627,893	$	401,748	$	11,727,652
Accrued interest	10,971		8,523		9,375		7,497		—		36,366
Total recorded investment	3,303,919		2,676,527		2,746,434		2,635,390		401,748		11,764,018
Total recorded investment: individually evaluated for impairment	148,582		62,268		80,933		184,284		1,146		477,213
Total recorded investment: collectively evaluated for impairment	$	3,155,337	$	2,614,259	$	2,665,501	$	2,451,106	$	400,602	$	11,286,805



	At December 31, 2011
(In thousands)	Residential		Consumer		Commercial		Commercial Real Estate		Equipment Financing		Total
Loans and Leases:
Ending balance (1)	$	3,219,890	$	2,760,030	$	2,385,791	$	2,384,889	$	474,804	$	11,225,404
Accrued interest	10,992		8,777		6,585		7,186		—		33,540
Total recorded investment	3,230,882		2,768,807		2,392,376		2,392,075		474,804		11,258,944
Total recorded investment: individually evaluated for impairment	135,311		36,629		107,218		212,850		3,268		495,276
Total recorded investment: collectively evaluated for impairment	$	3,095,571	$	2,732,178	$	2,285,158	$	2,179,225	$	471,536	$	10,763,668


(1)	The ending balance includes net deferred fees and unamortized premiums of $15.8 million and $20.6 million at September 30, 2012 and December 31, 2011, respectively.

Allowance For Loan And Lease Losses By Portfolio Segment

Allowance for Loan and Lease Losses. The following tables summarize the ALLL by portfolio segment for the three and nine months ending September 30, 2012 and 2011:



	Three months ended September 30, 2012
(In thousands)	Residential			Consumer			Commercial			Commercial Real Estate			Equipment Financing			Unallocated			Total
Allowance for loan and lease losses:
Balance, beginning of period	$	32,063		$	62,237		$	48,768		$	36,506		$	5,433		$	13,750		$	198,757
Provision (benefit) charged to expense	1,110			9,740			2,944			(4,315		)	(3,479		)	(1,000		)	5,000
Losses charged off	(3,262		)	(9,234		)	(8,642		)	(2,655		)	(187		)	—			(23,980		)
Recoveries	353			1,249			1,297			302			3,111			—			6,312
Balance, end of period	30,264			63,992			44,367			29,838			4,878			12,750			186,089
Ending balance: individually evaluated for impairment	15,420			7,795			4,552			3,153			3			—			30,923
Ending balance: collectively evaluated for impairment	$	14,844		$	56,197		$	39,815		$	26,685		$	4,875		$	12,750		$	155,166



	Three months ended September 30, 2011
(In thousands)	Residential			Consumer			Commercial			Commercial Real Estate			Equipment Financing			Unallocated			Total
Allowance for loan and lease losses:
Balance, beginning of period	$	28,476		$	82,369		$	65,842		$	66,286		$	18,270		$	20,000		$	281,243
Provision (benefit) charged to expense	7,551			282			9,595			(6,085		)	(4,343		)	(2,000		)	5,000
Losses charged off	(2,652		)	(12,609		)	(14,628		)	(3,376		)	(551		)	—			(33,816		)
Recoveries	374			1,143			1,130			37			2,241			—			4,925
Balance, end of period	33,749			71,185			61,939			56,862			15,617			18,000			257,352
Ending balance: individually evaluated for impairment	18,301			4,908			13,781			11,236			5			—			48,231
Ending balance: collectively evaluated for impairment	$	15,448		$	66,277		$	48,158		$	45,626		$	15,612		$	18,000		$	209,121



	Nine months ended September 30, 2012
(In thousands)	Residential			Consumer			Commercial			Commercial Real Estate			Equipment Financing			Unallocated			Total
Allowance for loan and lease losses:
Balance, beginning of period	$	34,565		$	67,785		$	60,681		$	45,013		$	8,943		$	16,500		$	233,487
Provision (benefit) charged to expense	5,398			20,836			8,223			(7,054		)	(9,653		)	(3,750		)	14,000
Losses charged off	(10,329		)	(30,634		)	(29,312		)	(9,569		)	(986		)	—			(80,830		)
Recoveries	630			6,005			4,775			1,448			6,574			—			19,432
Balance, end of period	30,264			63,992			44,367			29,838			4,878			12,750			186,089
Ending balance: individually evaluated for impairment	15,420			7,795			4,552			3,153			3			—			30,923
Ending balance: collectively evaluated for impairment	$	14,844		$	56,197		$	39,815		$	26,685		$	4,875		$	12,750		$	155,166



	Nine months ended September 30, 2011
(In thousands)	Residential			Consumer			Commercial			Commercial Real Estate			Equipment Financing			Unallocated			Total
Allowance for loan and lease losses:
Balance, beginning of period	$	30,792		$	95,071		$	74,470		$	77,695		$	21,637		$	22,000		$	321,665
Provision (benefit) charged to expense	11,305			13,978			14,702			(6,775		)	(9,210		)	(4,000		)	20,000
Losses charged off	(8,969		)	(41,488		)	(31,100		)	(14,501		)	(2,098		)	—			(98,156		)
Recoveries	621			3,624			3,867			443			5,288			—			13,843
Balance, end of period	33,749			71,185			61,939			56,862			15,617			18,000			257,352
Ending balance: individually evaluated for impairment	18,301			4,908			13,781			11,236			5			—			48,231
Ending balance: collectively evaluated for impairment	$	15,448		$	66,277		$	48,158		$	45,626		$	15,612		$	18,000		$	209,121

Impaired Loans And Leases By Class

Impaired Loans and Leases. The following table summarizes impaired loans and leases by class as of September 30, 2012 and December 31, 2011:



	At September 30, 2012
(In thousands)	Unpaid Principal Balance		Total Recorded Investment		Recorded Investment No Allowance		Recorded Investment With Allowance		Related Valuation Allowance
Residential:
1-4 family	$	149,475	$	137,510	$	18,991	$	118,519	$	13,504
Permanent-NCLC	11,574		10,809		1,871		8,938		1,911
Construction	446		263		159		104		5
Liquidating portfolio-construction loans	—		—		—		—		—
Consumer:
Home equity loans	58,643		52,295		20,552		31,743		4,853
Liquidating portfolio-home equity loans	11,350		9,973		2,045		7,928		2,942
Other consumer	—		—		—		—		—
Commercial:
Commercial non-mortgage	95,982		80,820		25,875		54,945		4,545
Asset-based loans	2,047		113		—		113		7
Commercial real estate:
Commercial real estate	153,758		150,850		79,559		71,291		3,082
Commercial construction	7,237		7,241		7,241		—		—
Residential development	12,943		12,265		4,524		7,741		71
Equipment Financing	6,336		1,146		988		158		3
Totals:
Residential	161,495		148,582		21,021		127,561		15,420
Consumer	69,993		62,268		22,597		39,671		7,795
Commercial	98,029		80,933		25,875		55,058		4,552
Commercial real estate	173,938		170,356		91,324		79,032		3,153
Equipment Financing	6,336		1,146		988		158		3
Total	$	509,791	$	463,285	$	161,805	$	301,480	$	30,923



	At December 31, 2011
(In thousands)	Unpaid Principal Balance		Total Recorded Investment		Recorded Investment No Allowance		Recorded Investment With Allowance		Related Valuation Allowance
Residential:
1-4 family	$	133,123	$	124,461	$	—	$	124,461	$	16,611
Permanent-NCLC	12,005		10,718		—		10,718		2,747
Construction	129		132		—		132		9
Liquidating portfolio-construction loans	—		—		—		—		—
Consumer:
Home equity loans	35,285		31,153		4		31,149		4,116
Liquidating portfolio-home equity loans	7,277		5,469		3		5,466		1,050
Other consumer	7		7		—		7		1
Commercial:
Commercial non-mortgage	118,293		105,359		30,207		75,152		12,996
Asset-based loans	7,814		1,859		1,859		—		—
Commercial real estate:
Commercial real estate	195,838		189,575		105,618		83,957		8,514
Commercial construction	7,347		7,373		—		7,373		557
Residential development	16,495		15,902		15,902		—		—
Equipment Financing	11,241		3,268		2,751		517		4
Totals:
Residential	145,257		135,311		—		135,311		19,367
Consumer	42,569		36,629		7		36,622		5,167
Commercial	126,107		107,218		32,066		75,152		12,996
Commercial real estate	219,680		212,850		121,520		91,330		9,071
Equipment Financing	11,241		3,268		2,751		517		4
Total	$	544,854	$	495,276	$	156,344	$	338,932	$	46,605

Interest Income From Impaired Loans And Leases, By Class

The following table summarizes interest income recognized by class of impaired loans and leases for the periods presented:



	September 30, 2012		Three months ended September 30, 2012		Nine months ended September 30, 2012		September 30, 2011		Three months ended September 30, 2011		Nine months ended September 30, 2011
(In thousands)	Average Recorded Investment		Total Interest Income		Total Interest Income		Average Recorded Investment		Total Interest Income		Total Interest Income
Residential:
1-4 family	$	130,986	$	1,374	$	3,909	$	118,155	$	1,093	$	3,535
Permanent-NCLC	10,763		111		327		10,471		105		310
Construction	197		2		4		68		2		7
Liquidating portfolio-construction loans	—		—		—		1		—		—
Consumer:
Home equity loans	41,724		633		1,336		28,696		314		1,062
Liquidating portfolio-home equity loans	7,721		132		263		5,535		64		274
Other consumer	4		—		—		8		—		—
Commercial:
Commercial non-mortgage	93,090		830		3,035		125,876		813		3,330
Asset-based loans	986		—		—		11,931		61		251
Commercial real estate:
Commercial real estate	170,213		1,479		3,921		194,103		1,230		4,868
Commercial construction	7,307		70		216		26,904		114		718
Residential development	14,083		83		254		29,444		84		414
Equipment Financing	2,207		13		36		11,068		21		62
Totals:
Residential	141,946		1,487		4,240		128,695		1,200		3,852
Consumer	49,449		765		1,599		34,239		378		1,336
Commercial	94,076		830		3,035		137,807		874		3,581
Commercial real estate	191,603		1,632		4,391		250,451		1,428		6,000
Equipment Financing	2,207		13		36		11,068		21		62
Total	$	479,281	$	4,727	$	13,301	$	562,260	$	3,901	$	14,831

Summary Of Loan And Lease Portfolio Aging By Class Of Loan

The following table summarizes the recorded investment of the Company’s loan and lease portfolio aging by class at September 30, 2012 and 2011:



	At September 30, 2012
(In thousands)	30-59 Days Past Due and Accruing		60-89 Days Past Due and Accruing		> 90 Days Past Due and Accruing		Non-accrual		Total Past Due		Current		Total Loans and Leases
Residential:
1-4 family	$	14,767	$	6,260	$	—	$	74,585	$	95,612	$	3,149,564	$	3,245,176
Permanent-NCLC	762		351		—		4,070		5,183		14,566		19,749
Construction	361		—		—		825		1,186		37,804		38,990
Liquidating portfolio-construction loans	—		—		—		—		—		4		4
Consumer:
Home equity loans	16,530		8,000		—		23,561		48,091		2,453,716		2,501,807
Liquidating portfolio-home equity loans	3,805		1,244		—		4,682		9,731		123,256		132,987
Other consumer	418		155		—		149		722		41,011		41,733
Commercial:
Commercial non-mortgage	3,395		1,087		207		30,352		35,041		2,174,794		2,209,835
Asset-based loans	—		—		—		92		92		536,507		536,599
Commercial real estate:
Commercial real estate	5,514		1,696		—		15,747		22,957		2,477,160		2,500,117
Commercial construction	—		—		—		49		49		105,076		105,125
Residential development	318		—		—		5,432		5,750		24,398		30,148
Equipment Financing	3,164		360		—		3,052		6,576		395,172		401,748
Total	$	49,034	$	19,153	$	207	$	162,596	$	230,990	$	11,533,028	$	11,764,018



	At December 31, 2011
(In thousands)	30-59 Days Past Due and Accruing		60-89 Days Past Due and Accruing		> 90 Days Past Due and Accruing		Non-accrual		Total Past Due		Current		Total Loans and Leases
Residential:
1-4 family	$	15,939	$	7,245	$	—	$	75,977	$	99,161	$	3,080,870	$	3,180,031
Permanent-NCLC	802		408		—		4,636		5,846		15,656		21,502
Construction	292		—		—		1,234		1,526		27,815		29,341
Liquidating portfolio-construction loans	—		—		—		—		—		8		8
Consumer:
Home equity loans	14,859		5,891		—		25,115		45,865		2,534,998		2,580,863
Liquidating portfolio-home equity loans	3,231		1,459		—		5,174		9,864		140,247		150,111
Other consumer	346		119		—		117		582		37,251		37,833
Commercial:
Commercial non-mortgage	3,267		1,399		162		27,969		32,797		1,905,085		1,937,882
Asset-based loans	—		—		—		1,904		1,904		452,590		454,494
Commercial real estate:
Commercial real estate	1,330		452		433		32,202		34,417		2,244,357		2,278,774
Commercial construction	—		—		—		—		—		73,525		73,525
Residential development	—		—		135		6,760		6,895		32,881		39,776
Equipment Financing	2,685		2,115		—		7,154		11,954		462,850		474,804
Total	$	42,751	$	19,088	$	730	$	188,242	$	250,811	$	11,008,133	$	11,258,944

Summary Of The Recorded Investment Of Company's TDRs

The following table summarizes the information for the Company’s TDRs at September 30, 2012 and December 31, 2011:



(In thousands)	At September 30, 2012			December 31, 2011
Recorded investment of TDRs:
Accrual status	$	363,083		$	367,344
Non-accrual status	89,380			76,968
Total recorded investment	$	452,463		$	444,312
Accruing TDRs performing under modified terms more than one year	85.2		%	76.0		%
TDR specific reserves included in the balance of allowance for loan and lease losses	$	30,703		$	44,847
Additional funds committed to borrowers in TDR status ⁽¹⁾	4,417			7,872


(1)	This amount may be limited by contractual rights and/or the underlying collateral supporting the loan or lease.

Loans And Leases Modified As TDRs

The following table provides information on loans and leases modified as TDRs during the three and nine months ended September 30, 2012 and 2011:



	Three months ended September 30,
	2012							2011
(Dollars in thousands)	Number of Loans and Leases	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Post- Modification Coupon Rate		Number of Loans and Leases	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Post- Modification Coupon Rate
Residential:
1-4 family	119	$	17,084	$	17,084	4.7	%	25	$	4,455	$	4,455	4.4	%
Permanent-NCLC	1	357		357		4.5		3	1,053		1,053		3.8
Construction	1	159		159		6.4		—	—		—		—
Consumer:
Home equity loans	459	23,277		23,277		5.1		20	1,004		1,004		4.6
Liquidating portfolio-home equity loans	108	5,542		5,542		5.5		7	178		178		5.9
Commercial:
Commercial non-mortgage	8	4,786		4,786		3.1		8	23,911		23,911		6.3
Asset-based loans	—	—		—		—		—	—		—		—
Commercial real estate:
Commercial real estate	4	21,507		21,507		2.2		1	230		230		5.0
Commercial construction	—	—		—		—		—	—		—		—
Residential development	—	—		—		—		—	—		—		—
Equipment Financing	1	248		248		6.1		1	200		200		8.0
Total TDRs	701	$	72,960	$	72,960	4.1	%	65	$	31,031	$	31,031	5.9	%



	Nine months ended September 30,
	2012							2011
(Dollars in thousands)	Number of Loans and Leases	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Post- Modification Coupon Rate		Number of Loans and Leases	Pre- Modification Recorded Investment		Post- Modification Recorded Investment		Post- Modification Coupon Rate
Residential:
1-4 family	169	$	25,912	$	25,912	4.4	%	110	$	25,219	$	25,219	4.1	%
Permanent-NCLC	1	357		357		4.5		6	2,211		2,211		4.0
Construction	2	263		263		6.6		—	—		—		—
Consumer:
Home equity loans	486	25,549		25,549		5.0		96	8,130		8,130		4.4
Liquidating portfolio-home equity loans	112	5,577		5,577		5.6		23	1,367		1,367		5.5
Commercial:
Commercial non-mortgage	33	21,772		21,772		6.3		43	41,337		41,337		6.2
Asset-based loans	—	—		—		—		3	2,563		2,563		5.2
Commercial real estate:
Commercial real estate	7	23,919		23,919		2.5		17	41,395		41,395		4.0
Commercial construction	—	—		—		—		—	—		—		—
Residential development	—	—		—		—		2	719		719		5.3
Equipment Financing	8	590		590		6.7		1	200		200		8.0
Total TDRs	818	$	103,939	$	103,939	4.6	%	301	$	123,141	$	123,141	4.9	%

Information On How Loans And Leases Were Modified As TDRs

The following table provides information on how loans and leases were modified as TDRs during the three and nine months ended September 30, 2012 and 2011:



	Three months ended September 30,
	2012										2011
(In thousands)	Extended Maturity		Adjusted Interest Rates		Combination of Rate and Maturity		Other (1)		Total		Extended Maturity		Adjusted Interest Rates		Combination of Rate and Maturity		Other (1)		Total
Residential:
1-4 family	$	604	$	—	$	1,774	$	14,706	$	17,084	$	1,757	$	—	$	2,698	$	—	$	4,455
Permanent-NCLC	—		—		357		—		357		—		—		1,053		—		1,053
Construction	—		—		—		159		159		—		—		—		—		—
Consumer:
Home equity loans	38		117		448		22,674		23,277		321		—		683		—		1,004
Liquidating portfolio-home equity loans	—		—		—		5,542		5,542		54		—		124		—		178
Commercial:
Commercial non-mortgage	—		—		737		4,049		4,786		—		—		95		23,816		23,911
Asset-based loans			—		—		—		—		—		—		—		—		—
Commercial real estate:
Commercial real estate	—		—		—		21,507		21,507		—		—		230		—		230
Commercial construction	—		—		—		—		—		—		—		—		—		—
Residential development	—		—		—		—		—		—		—		—		—		—
Equipment Financing	—		—		248		—		248		—		200		—		—		200
Total TDRs	$	642	$	117	$	3,564	$	68,637	$	72,960	$	2,132	$	200	$	4,883	$	23,816	$	31,031



	Nine months ended September 30,
	2012										2011
(In thousands)	Extended Maturity		Adjusted Interest Rates		Combination of Rate and Maturity		Other (1)		Total		Extended Maturity		Adjusted Interest Rates		Combination of Rate and Maturity		Other (1)		Total
Residential:
1-4 family	$	1,634	$	1,006	$	5,338	$	17,934	$	25,912	$	7,682	$	2,706	$	13,327	$	1,504	$	25,219
Permanent-NCLC	—		—		357		—		357		—		—		2,211		—		2,211
Construction	—		—		104		159		263		—		—		—		—		—
Consumer:
Home equity loans	993		224		1,335		22,997		25,549		4,057		—		3,726		347		8,130
Liquidating portfolio-home equity loans	35		—		—		5,542		5,577		571		—		796		—		1,367
Commercial:
Commercial non-mortgage	314		—		1,023		20,435		21,772		5,607		3,217		301		32,212		41,337
Asset-based loans	—		—		—		—		—		—		—		2,563		—		2,563
Commercial real estate:
Commercial real estate	2,068		—		245		21,606		23,919		17,029		5,996		539		17,831		41,395
Commercial construction	—		—		—		—		—		—		—		—		—		—
Residential development	—		—		—		—		—		—		—		—		719		719
Equipment Financing	142		—		288		160		590		—		200		—		—		200
Total TDRs	$	5,186	$	1,230	$	8,690	$	88,833	$	103,939	$	34,946	$	12,119	$	23,463	$	52,613	$	123,141


(1)	Other includes covenant modifications, forbearance, loans discharged under Chapter 7 bankruptcy (2012 only), and/or other concessions.

Loans And Leases Modified as TDR Within Previous Twelve Months and For Which There Was A Payment Default in Period

The following table provides information on loans and leases modified as a TDR within the previous 12 months and for which there was a payment default during the three and nine months ended September 30, 2012 and 2011:



	Three months ended September 30,
	2012			2011
(Dollars in thousands)	Number of Loans and Leases	Recorded Investment		Number of Loans and Leases	Recorded Investment
Residential:
1-4 family	—	$	—	7	$	1,296
Permanent-NCLC	—	—		—	—
Construction	—	—		—	—
Consumer:
Home equity loans	—	—		9	825
Liquidating portfolio-home equity loans	3	93		—	—
Other consumer	—	—		—	—
Commercial:
Commercial non-mortgage	—	—		1	91
Asset-based loans	—	—		1	381
Commercial real estate:
Commercial real estate	—	—		1	408
Commercial construction	—	—		—	—
Residential development	—	—		—	—
Equipment Financing	—	—		—	—
TOTAL	3	$	93	19	$	3,001



	Nine months ended September 30,
	2012			2011
(Dollars in thousands)	Number of Loans and Leases	Recorded Investment		Number of Loans and Leases	Recorded Investment
Residential:
1-4 family	1	$	406	9	$	1,833
Permanent-NCLC	—	—		—	—
Construction	—	—		—	—
Consumer:
Home equity loans	3	554		13	841
Liquidating portfolio-home equity loans	3	93		2	3
Other consumer	—	—		—	—
Commercial:
Commercial non-mortgage	—	—		2	182
Asset-based loans	—	—		1	381
Commercial real estate:
Commercial real estate	—	—		2	677
Commercial construction	—	—		—	—
Residential development	—	—		—	—
Equipment Financing	—	—		—	—
TOTAL	7	$	1,053	29	$	3,917

Commercial, Commercial Real Estate and Equipment Financing Loans and TDRs Segregated by Risk Rating Exposure

The recorded investment in Commercial, Commercial Real Estate and Equipment Financing TDRs segregated by risk rating exposure at September 30, 2012 and December 31, 2011, are as follows:



(In thousands)	At September 30, 2012		At December 31, 2011
(1) - (6) Pass	$	56,782	$	46,524
(7) Special Mention	10,191		4,622
(8) Substandard	174,279		220,899
(9) Doubtful	360		327
(10) Loss	—		—
Total	$	241,612	$	272,372

At September 30, 2012 and December 31, 2011, the recorded investment of Commercial and Commercial Real Estate loans and Equipment Financing leases segregated by risk rating exposure are as follows:



(In thousands)	Commercial				Commercial Real Estate				Equipment Financing
	At September 30, 2012		At December 31, 2011		At September 30, 2012		At December 31, 2011		At September 30, 2012		At December 31, 2011
(1) - (6) Pass	$	2,527,259	$	2,148,970	$	2,383,685	$	2,036,738	$	358,157	$	407,943
(7) Special Mention	54,871		32,578		51,037		58,238		12,475		15,416
(8) Substandard	163,356		208,555		200,148		296,478		31,116		51,445
(9) Doubtful	948		2,273		520		621		—		—
(10) Loss	—		—		—		—		—		—
Total	$	2,746,434	$	2,392,376	$	2,635,390	$	2,392,075	$	401,748	$	474,804