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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table summarizes loans and leases:
At December 31,
(In thousands)20192018
Commercial$6,343,497  $6,216,606  
Commercial Real Estate5,949,339  4,927,145  
Equipment Financing537,341  508,397  
Residential4,972,685  4,416,637  
Consumer2,234,124  2,396,704  
Loans and leases (1) (2)
$20,036,986  $18,465,489  
(1)Loans and leases include net deferred fees and net premiums and discounts of $17.6 million and $13.9 million at December 31, 2019 and December 31, 2018, respectively.
(2)At December 31, 2019, the Company had pledged $7.9 billion of eligible loans as collateral to support borrowing capacity at the FHLB of Boston and the FRB of Boston.
The equipment financing portfolio includes net investment in leases of $169.3 million at December 31, 2019. Total undiscounted cash flows to be received from the Company's net investment in leases are $184.1 million at December 31, 2019 and are primarily due within the next five years. The Company's lessor portfolio has recognized interest income of $5.5 million for year ended December 31, 2019.
Past Due Financing Receivables
Loans and Leases Portfolio Aging
The following tables summarize the aging of loans and leases:
 At December 31, 2019
(In thousands)30-59 Days
Past Due and
Accruing		60-89 Days
Past Due and
Accruing		90 or More Days Past Due
and Accruing		Non-accrualTotal Past Due and Non-accrualCurrentTotal Loans
and Leases
Commercial:
Commercial non-mortgage$2,094  $617  $—  $59,369  $62,080  $5,234,531  $5,296,611  
Asset-based—  —  —  139  139  1,046,747  1,046,886  
Commercial real estate:
Commercial real estate1,256  454  —  9,950  11,660  5,713,939  5,725,599  
Commercial construction—  —  —  1,613  1,613  222,127  223,740  
Equipment financing5,493  292  —  5,433  11,218  526,123  537,341  
Residential 7,166  6,441  —  43,193  56,800  4,915,885  4,972,685  
Consumer:
Home equity 8,267  5,551  —  30,170  43,988  1,970,556  2,014,544  
Other consumer4,269  807  —  1,192  6,268  213,312  219,580  
Total$28,545  $14,162  $—  $151,059  $193,766  $19,843,220  $20,036,986  

 At December 31, 2018
(In thousands)30-59 Days
Past Due and
Accruing		60-89 Days
Past Due and
Accruing		90 or More Days Past Due
and Accruing		Non-accrualTotal Past Due and
Non-accrual		CurrentTotal Loans
and Leases
Commercial:
Commercial non-mortgage$1,011  $702  $104  $55,810  $57,627  $5,189,808  $5,247,435  
Asset-based—  —  —  224  224  968,947  969,171  
Commercial real estate:
Commercial real estate1,275  245  —  8,242  9,762  4,698,552  4,708,314  
Commercial construction—  —  —  —  —  218,831  218,831  
Equipment financing510  405  —  6,314  7,229  501,168  508,397  
Residential8,513  4,301  —  49,188  62,002  4,354,635  4,416,637  
Consumer:
Home equity9,250  5,385  —  33,495  48,130  2,121,049  2,169,179  
Other consumer1,774  957  —  1,494  4,225  223,300  227,525  
Total$22,333  $11,995  $104  $154,767  $189,199  $18,276,290  $18,465,489  
Activity In Allowance For Losses
Allowance for Loan and Lease Losses
The following tables summarize the activity in, as well as the loan and lease balances that were evaluated for, the ALLL: 
 At or for the Year ended December 31, 2019
(In thousands)CommercialCommercial
Real Estate		Equipment
Financing		ResidentialConsumerTotal
Allowance for loan and lease losses:
Balance at January 1, 2019$98,793  $60,151  $5,129  $19,599  $28,681  $212,353  
Provision for loan and lease losses20,370  8,550  254  4,110  4,516  37,800  
Charge-offs(29,033) (3,501) (793) (4,153) (15,000) (52,480) 
Recoveries1,626  45  78  1,363  8,311  11,423  
Balance at December 31, 2019$91,756  $65,245  $4,668  $20,919  $26,508  $209,096  
Individually evaluated for impairment7,867  1,143  418  3,618  1,203  14,249  
Collectively evaluated for impairment$83,889  $64,102  $4,250  $17,301  $25,305  $194,847  
Loan and lease balances:
Individually evaluated for impairment$102,393  $23,297  $5,433  $90,096  $35,191  $256,410  
Collectively evaluated for impairment6,241,104  5,926,042  531,908  4,882,589  2,198,933  19,780,576  
Loans and leases$6,343,497  $5,949,339  $537,341  $4,972,685  $2,234,124  $20,036,986  

 At or for the Year ended December 31, 2018
(In thousands)CommercialCommercial
Real Estate		Equipment
Financing		ResidentialConsumerTotal
Allowance for loan and lease losses:
Balance at January 1, 2018$89,533  $49,407  $5,806  $19,058  $36,190  $199,994  
Provision for loan and lease losses23,041  12,644  (329) 2,016  4,628  42,000  
Charge-offs(18,220) (2,061) (423) (3,455) (19,228) (43,387) 
Recoveries4,439  161  75  1,980  7,091  13,746  
Balance at December 31, 2018$98,793  $60,151  $5,129  $19,599  $28,681  $212,353  
Individually evaluated for impairment7,824  1,661  196  4,286  1,383  15,350  
Collectively evaluated for impairment$90,969  $58,490  $4,933  $15,313  $27,298  $197,003  
Loan and lease balances:
Individually evaluated for impairment$99,512  $10,828  $6,315  $103,531  $39,144  $259,330  
Collectively evaluated for impairment6,117,094  4,916,317  502,082  4,313,106  2,357,560  18,206,159  
Loans and leases$6,216,606  $4,927,145  $508,397  $4,416,637  $2,396,704  $18,465,489  

 At or for the Year ended December 31, 2017
(In thousands)CommercialCommercial
Real Estate		Equipment
Financing		ResidentialConsumerTotal
Allowance for loan and lease losses:
Balance at January 1, 2017$71,905  $47,477  $6,479  $23,226  $45,233  $194,320  
Provision for loan and lease losses23,417  11,040  (232) (2,692) 9,367  40,900  
Charge-offs(8,147) (9,275) (558) (2,500) (24,447) (44,927) 
Recoveries2,358  165  117  1,024  6,037  9,701  
Balance at December 31, 2017$89,533  $49,407  $5,806  $19,058  $36,190  $199,994  
Individually evaluated for impairment9,786  272  23  4,805  1,668  16,554  
Collectively evaluated for impairment$79,747  $49,135  $5,783  $14,253  $34,522  $183,440  
Loan and lease balances:
Individually evaluated for impairment$72,471  $11,226  $3,325  $114,295  $45,436  $246,753  
Collectively evaluated for impairment5,296,223  4,512,602  546,908  4,376,583  2,544,789  17,277,105  
Loans and leases$5,368,694  $4,523,828  $550,233  $4,490,878  $2,590,225  $17,523,858  
Impaired Loans
Impaired Loans and Leases
The following tables summarize impaired loans and leases:
 At December 31, 2019
(In thousands)Unpaid
Principal
Balance		Total
Recorded
Investment		Recorded
Investment
No Allowance		Recorded
Investment
With Allowance		Related
Valuation
Allowance
Commercial non-mortgage$140,096  $102,254  $29,739  $72,515  $7,862  
Asset-based465  139  —  139  5  
Commercial real estate27,678  21,684  13,205  8,479  1,143  
Commercial construction1,614  1,613  1,613  —  —  
Equipment financing5,591  5,433  2,159  3,274  418  
Residential98,790  90,096  56,231  33,865  3,618  
Consumer home equity38,503  35,191  27,672  7,519  1,203  
Total$312,737  $256,410  $130,619  $125,791  $14,249  

 At December 31, 2018
(In thousands)Unpaid
Principal
Balance		Total
Recorded
Investment		Recorded
Investment
No Allowance		Recorded
Investment
With Allowance		Related
Valuation
Allowance
Commercial non-mortgage$120,165  $99,287  $65,724  $33,563  $7,818  
Asset based550  225  —  225  6  
Commercial real estate13,355  10,828  2,125  8,703  1,661  
Commercial construction—  —  —  —  —  
Equipment financing6,368  6,315  2,946  3,369  196  
Residential113,575  103,531  64,899  38,632  4,286  
Consumer home equity44,654  39,144  30,576  8,568  1,383  
Total$298,667  $259,330  $166,270  $93,060  $15,350  
The following table summarizes the average recorded investment and interest income recognized for impaired loans and leases:
Years ended December 31,
201920182017
(In thousands)Average
Recorded
Investment		Accrued
Interest
Income		Cash Basis Interest Income Average
Recorded
Investment		Accrued
Interest
Income		Cash Basis Interest Income Average
Recorded
Investment		Accrued
Interest
Income		Cash Basis Interest Income
Commercial non-mortgage$100,771  $3,241  $—  $85,585  $3,064  $—  $62,459  $1,095  $—  
Asset based182  —  —  407  —  —  295  —  —  
Commercial real estate16,256  385  —  11,027  198  —  17,397  417  —  
Commercial construction806  —  —  —  —  —  594  12  —  
Equipment financing5,874  —  —  4,820  112  —  4,872  207  —  
Residential96,814  3,502  1,078  108,913  3,781  1,106  116,859  4,138  1,264  
Consumer home equity37,167  1,045  981  42,290  1,158  980  45,578  1,323  1,046  
Total$257,870  $8,173  $2,059  $253,042  $8,313  $2,086  $248,054  $7,192  $2,310  
Financing Receivable Credit Quality Indicators
The following table summarizes commercial, commercial real estate and equipment financing loans and leases segregated by risk rating exposure:
CommercialCommercial Real EstateEquipment Financing
At December 31,At December 31,At December 31,
(In thousands)201920182019201820192018
(1) - (6) Pass$5,985,338  $5,781,138  $5,860,981  $4,773,298  $528,561  $494,585  
(7) Special Mention94,809  206,351  26,978  75,338  808  1,303  
(8) Substandard259,490  222,405  61,380  78,509  7,972  12,509  
(9) Doubtful3,860  6,712  —  —  —  —  
Total$6,343,497  $6,216,606  $5,949,339  $4,927,145  $537,341  $508,397  
Troubled Debt Restructurings on Financing Receivables
Troubled Debt Restructurings
The following table summarizes information for TDRs:
At December 31,
(Dollars in thousands)20192018
Accrual status$136,449  $138,479  
Non-accrual status100,989  91,935  
Total recorded investment of TDR$237,438  $230,414  
Specific reserves for TDR included in the balance of ALLL$12,956  $11,930  
Additional funds committed to borrowers in TDR status4,856  3,893  
For years ended December 31, 2019, 2018 and 2017, Webster charged off $21.8 million, $14.3 million, and $3.2 million, respectively, for the portion of TDRs deemed to be uncollectible.
The following table provides information on the type of concession for loans and leases modified as TDRs:
Years ended December 31,
201920182017
Number of
Loans and
Leases
Post-Modification
Recorded
Investment(1)
Number of
Loans and
Leases
Post-Modification
Recorded
Investment(1)
Number of
Loans and
Leases
Post-Modification
Recorded
Investment(1)
(Dollars in thousands)
Commercial non mortgage:
Extended Maturity15  $2,413  12  $823  12  $1,233  
Adjusted Interest rates2  112  —  —  —  —  
Combination Rate and Maturity11  673  15  8,842  18  9,592  
Other (2)
28  65,186  20  41,248  4  6,375  
Commercial real estate:
Extended Maturity3  8,356  2  97  —  —  
Combination Rate and Maturity—  —  3  1,485  —  —  
Other (2)
3  4,816  1  5,111  —  —  
Equipment Financing
Extended Maturity—  —  4  736  —  —  
Residential:
Extended Maturity7  1,327  1  20  16  2,569  
Adjusted Interest rates—  —  —  —  2  335  
Combination Rate and Maturity15  2,241  9  947  12  1,733  
Other (2)
8  1,001  21  3,573  39  6,200  
Consumer home equity:
Extended Maturity6  599  4  469  12  976  
Adjusted Interest rates—  —  —  —  1  247  
Combination Rate and Maturity4  140  6  618  14  3,469  
Other (2)
34  1,907  45  2,812  73  4,907  
Total136  $88,771  143  $66,781  203  $37,636  
(1)Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of the restructurings was not significant.
(2)Other includes covenant modifications, forbearance, loans discharged under Chapter 7 bankruptcy, and/or other concessions.
For the year ended December 31, 2019 there were six Commercial non-mortgage and one Commercial Real Estate TDRs with a recorded investment of $0.8 million and $1.7 million, respectively, that had been modified within the previous 12 months and for which there was a payment default. There were no significant amounts for the years ended December 31, 2018 and 2017.
The recorded investment of TDRs in commercial, commercial real estate, and equipment financing segregated by risk rating exposure is as follows:
At December 31,
(In thousands)20192018
(1) - (6) Pass$3,952  $13,165  
(7) Special Mention63  84  
(8) Substandard104,277  67,880  
(9) Doubtful3,860  6,610  
Total$112,152  $87,739