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Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable The following table summarizes loans and leases by portfolio segment and class:
(In thousands)At June 30,
2022		At December 31, 2021
Commercial non-mortgage$13,935,450 $6,882,480 
Asset-based1,892,278 1,067,248 
Commercial real estate12,365,451 5,463,321 
Multi-family5,776,219 1,139,859 
Equipment financing1,778,326 627,058 
Warehouse lending914,541 — 
Commercial portfolio36,662,265 15,179,966 
Residential7,223,728 5,412,905 
Home equity1,681,610 1,593,559 
Other consumer79,140 85,299 
Consumer portfolio8,984,478 7,091,763 
Loans and leases$45,646,743 $22,271,729 
Past Due Financing Receivables The following table summarizes the aging of accrual and non-accrual loans and leases by class:
 At June 30, 2022
(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 non-mortgage$4,494 $720 $8 $91,672 $96,894 $13,838,556 $13,935,450 
Asset-based— — — 25,840 25,840 1,866,438 1,892,278 
Commercial real estate546 11,021 — 44,461 56,028 12,309,423 12,365,451 
Multi-family231 12,380 — 354 12,965 5,763,254 5,776,219 
Equipment financing137 633 — 14,995 15,765 1,762,561 1,778,326 
Warehouse lending— — — — — 914,541 914,541 
Commercial portfolio5,408 24,754 8 177,322 207,492 36,454,773 36,662,265 
Residential6,998 3,606 — 26,490 37,094 7,186,634 7,223,728 
Home equity3,972 1,266 — 32,061 37,299 1,644,311 1,681,610 
Other consumer3,876 156 — 125 4,157 74,983 79,140 
Consumer portfolio14,846 5,028 — 58,676 78,550 8,905,928 8,984,478 
Total$20,254 $29,782 $8 $235,998 $286,042 $45,360,701 $45,646,743 
 At December 31, 2021
(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 non-mortgage$3,729 $4,524 $1,977 $59,607 $69,837 $6,812,643 $6,882,480 
Asset-based— — — 2,086 2,086 1,065,162 1,067,248 
Commercial real estate508 417 519 5,046 6,490 5,456,831 5,463,321 
Multi-family— — — — — 1,139,859 1,139,859 
Equipment financing1,034 — — 3,728 4,762 622,296 627,058 
Commercial portfolio5,271 4,941 2,496 70,467 83,175 15,096,791 15,179,966 
Residential3,212 368 — 15,747 19,327 5,393,578 5,412,905 
Home equity3,467 1,600 — 23,489 28,556 1,565,003 1,593,559 
Other consumer379 181 — 224 784 84,515 85,299 
Consumer portfolio7,058 2,149 — 39,460 48,667 7,043,096 7,091,763 
Total$12,329 $7,090 $2,496 $109,927 $131,842 $22,139,887 $22,271,729 
Financing Receivable, Nonaccrual The following table provides additional information on non-accrual loans and leases:
At June 30, 2022At December 31, 2021
(In thousands)Non-accrualNon-accrual with No AllowanceNon-accrualNon-accrual with No Allowance
Commercial non-mortgage$91,672 $22,438 $59,607 $4,802 
Asset-based25,840 1,933 2,086 2,086 
Commercial real estate44,461 4,133 5,046 4,310 
Multi-family354 285 — — 
Equipment financing14,995 2,304 3,728 — 
Commercial portfolio177,322 31,093 70,467 11,198 
Residential26,490 11,660 15,747 10,584 
Home equity32,061 17,137 23,489 18,920 
Other consumer125 2 224 2 
Consumer portfolio58,676 28,799 39,460 29,506 
Total $235,998 $59,892 $109,927 $40,704 
Activity In Allowance For Losses
The following table summarizes the change in the ACL on loans and leases by portfolio segment:
At or for the three months ended June 30,
20222021
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$510,696 $58,675 $569,371 $283,906 $44,445 $328,351 
Provision (benefit)12,041 (313)11,728 (21,077)(497)(21,574)
Charge-offs(18,757)(896)(19,653)(594)(2,808)(3,402)
Recoveries7,765 2,288 10,053 836 3,734 4,570 
Balance, end of period$511,745 $59,754 $571,499 $263,071 $44,874 $307,945 
 At or for the six months ended June 30,
20222021
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$257,877 $43,310 $301,187 $312,244 $47,187 $359,431 
Initial allowance for PCD loans and leases (1)
78,376 9,669 88,045 — — — 
Provision (benefit)196,368 4,428 200,796 (44,730)(2,603)(47,333)
Charge-offs(30,005)(2,016)(32,021)(6,915)(5,782)(12,697)
Recoveries9,129 4,363 13,492 2,472 6,072 8,544 
Balance, end of period$511,745 $59,754 $571,499 $263,071 $44,874 $307,945 
Individually evaluated for impairment38,847 4,450 43,297 11,537 4,560 16,097 
Collectively evaluated for impairment$472,898 $55,304 $528,202 $251,534 $40,314 $291,848 
(1)Represents the establishment of the initial reserve for PCD loans and leases, which is reported net of $48.3 million of day one charge-offs recognized at the date of acquisition in accordance with GAAP.
The following table summarizes the activity in the ACL on unfunded loan commitments:
Three months ended June 30,Six months ended June 30,
(In thousands)2022202120222021
Balance, beginning of period$19,640 $12,800 $13,104 $12,755 
ACL assumed from Sterling— — 6,749 — 
Provision (benefit) for credit losses509 (826)296 (781)
Balance, end of period$20,149 $11,974 $20,149 $11,974 
Financing Receivable Credit Quality Indicators
The following tables summarize the amortized cost basis of commercial loans and leases by Composite Credit Risk Profile grade and origination year:
At June 30, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial non-mortgage:
Pass$2,783,533 $2,377,368 $1,255,766 $1,047,819 $771,853 $951,184 $4,324,838 $13,512,361 
Special mention14,564 48,990 12,726 22,577 981 15,070 28,107 143,015 
Substandard19,113 4,127 88,531 38,579 59,418 23,359 43,228 276,355 
Doubtful— — — — — — 3,719 3,719 
Commercial non-mortgage2,817,210 2,430,485 1,357,023 1,108,975 832,252 989,613 4,399,892 13,935,450 
Asset-based:
Pass— — 4,239 10,292 1,135 32,105 1,711,416 1,759,187 
Special mention— — — — — — 16,905 16,905 
Substandard— 1,335 10,296 — — — 104,555 116,186 
Asset-based— 1,335 14,535 10,292 1,135 32,105 1,832,876 1,892,278 
Commercial real estate:
Pass1,505,254 2,323,635 1,839,428 1,950,358 1,234,799 2,957,244 73,024 11,883,742 
Special mention63,057 — 33,736 46,305 73,722 67,057 — 283,877 
Substandard— 1,502 11,956 29,264 40,396 114,714 — 197,832 
Commercial real estate1,568,311 2,325,137 1,885,120 2,025,927 1,348,917 3,139,015 73,024 12,365,451 
Multi-family:
Pass783,584 1,147,014 519,451 693,701 533,588 1,925,280 48,650 5,651,268 
Special mention— — — 96 40,703 27,263 9,690 77,752 
Substandard— — 391 13,299 6,872 25,448 1,189 47,199 
Multi-family783,584 1,147,014 519,842 707,096 581,163 1,977,991 59,529 5,776,219 
Equipment financing:
Pass176,328 419,545 418,902 407,760 144,014 148,275 — 1,714,824 
Special mention— 211 810 3,889 10,329 4,571 — 19,810 
Substandard564 6,199 17,626 6,492 4,626 8,185 — 43,692 
Equipment financing176,892 425,955 437,338 418,141 158,969 161,031 — 1,778,326 
Warehouse lending:
Pass— — — — — — 914,541 914,541 
Warehouse lending— — — — — — 914,541 914,541 
Commercial portfolio$5,345,997 $6,329,926 $4,213,858 $4,270,431 $2,922,436 $6,299,755 $7,279,862 $36,662,265 
At December 31, 2021
(In thousands)20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Commercial non-mortgage:
Pass$2,270,320 $1,179,620 $757,343 $581,633 $292,637 $275,789 $1,182,562 $6,539,904 
Special mention14,216 22,892 37,877 15,575 9,721 15,399 27,808 143,488 
Substandard3,660 46,887 30,437 69,963 5,255 19,483 23,403 199,088 
Commercial non-mortgage2,288,196 1,249,399 825,657 667,171 307,613 310,671 1,233,773 6,882,480 
Asset-based:
Pass7,609 19,141 12,810 13,456 6,113 25,850 920,496 1,005,475 
Special mention— — — 675 — — 59,012 59,687 
Substandard— — 2,086 — — — — 2,086 
Asset-based7,609 19,141 14,896 14,131 6,113 25,850 979,508 1,067,248 
Commercial real estate:
Pass1,152,431 733,220 1,146,149 594,180 384,664 1,136,384 55,044 5,202,072 
Special mention95 3,084 — 84,475 51,536 79,096 — 218,286 
Substandard— 82 227 373 13,874 28,407 — 42,963 
Commercial real estate1,152,526 736,386 1,146,376 679,028 450,074 1,243,887 55,044 5,463,321 
Multi-family:
Pass222,875 135,924 185,087 322,688 17,054 203,558 566 1,087,752 
Special mention— — — 35,201 — — — 35,201 
Substandard— 400 — 6,933 — 9,573 — 16,906 
Multi-family222,875 136,324 185,087 364,822 17,054 213,131 566 1,139,859 
Equipment financing:
Pass231,762 188,031 93,547 41,276 14,864 32,588 — 602,068 
Special mention— 108 2,229 3,341 — 600 — 6,278 
Substandard— 8,388 4,756 2,612 332 2,624 — 18,712 
Equipment financing231,762 196,527 100,532 47,229 15,196 35,812 — 627,058 
Commercial portfolio$3,902,968 $2,337,777 $2,272,548 $1,772,381 $796,050 $1,829,351 $2,268,891 $15,179,966 
To measure credit risk for the consumer portfolio, the most relevant credit characteristic is the FICO score, which is a widely used credit scoring system that ranges from 300 to 850. A lower FICO score is indicative of higher credit risk and a higher FICO score is indicative of lower credit risk. FICO scores are updated at least on a quarterly basis.
The following tables summarize the amortized cost basis of consumer loans by FICO score and origination year:
At June 30, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Residential:
800+$164,672 $837,754 $443,548 $162,252 $31,583 $956,038 $— $2,595,847 
740-799543,948 1,115,053 362,292 131,927 43,086 871,037 — 3,067,343 
670-739180,392 360,598 111,903 60,984 18,295 454,271 — 1,186,443 
580-66914,711 36,678 18,426 7,379 5,496 166,899 — 249,589 
579 and below12,051 1,609 2,463 45,707 722 61,954 — 124,506 
Residential915,774 2,351,692 938,632 408,249 99,182 2,510,199 — 7,223,728 
Home equity:
800+16,548 36,338 28,476 9,258 13,236 56,108 477,736 637,700 
740-79915,217 38,181 19,301 7,482 10,935 41,745 442,455 575,316 
670-7399,187 18,704 7,887 5,063 7,230 34,952 249,804 332,827 
580-6691,903 1,922 1,481 1,083 1,435 14,767 81,025 103,616 
579 and below109 394 670 552 614 5,385 24,427 32,151 
Home equity42,964 95,539 57,815 23,438 33,450 152,957 1,275,447 1,681,610 
Other consumer:
800+167 2,083 979 1,503 563 137 18,546 23,978 
740-799471 1,122 3,217 4,476 1,731 536 16,891 28,444 
670-739503 790 4,391 6,957 2,226 289 4,468 19,624 
580-66993 287 640 1,665 365 244 1,992 5,286 
579 and below64 79 48 149 100 39 1,329 1,808 
Other consumer1,298 4,361 9,275 14,750 4,985 1,245 43,226 79,140 
Consumer portfolio$960,036 $2,451,592 $1,005,722 $446,437 $137,617 $2,664,401 $1,318,673 $8,984,478 
At December 31, 2021
(In thousands)20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Residential:
800+$590,238 $428,118 $161,664 $35,502 $105,198 $735,517 $— $2,056,237 
740-7991,083,608 421,380 154,960 32,172 95,662 456,722 — 2,244,504 
670-739374,460 135,146 73,499 25,099 34,550 227,863 — 870,617 
580-66938,644 13,782 9,348 3,056 9,000 71,811 — 145,641 
579 and below9,478 1,051 49,252 390 2,519 33,216 — 95,906 
Residential2,096,428 999,477 448,723 96,219 246,929 1,525,129 — 5,412,905 
Home equity:
800+35,678 30,157 9,591 16,347 11,068 58,189 463,334 624,364 
740-79942,430 22,030 9,413 13,317 7,711 33,777 409,518 538,196 
670-73917,493 9,162 5,889 8,220 5,802 31,160 233,744 311,470 
580-6691,773 1,397 1,298 1,066 1,329 15,042 66,361 88,266 
579 and below380 446 725 1,060 434 5,666 22,552 31,263 
Home equity97,754 63,192 26,916 40,010 26,344 143,834 1,195,509 1,593,559 
Other consumer:
800+463 1,343 2,398 916 231 118 10,160 15,629 
740-7992,588 5,408 8,303 2,985 379 77 9,528 29,268 
670-7391,061 7,034 13,602 3,859 607 412 5,644 32,219 
580-669256 1,083 2,550 735 216 211 1,267 6,318 
579 and below147 87 215 159 40 21 1,196 1,865 
Other consumer4,515 14,955 27,068 8,654 1,473 839 27,795 85,299 
Consumer portfolio$2,198,697 $1,077,624 $502,707 $144,883 $274,746 $1,669,802 $1,223,304 $7,091,763 
Troubled Debt Restructurings on Financing Receivables The following table summarizes information related to TDRs:
(In thousands)At June 30,
2022		At December 31, 2021
Accrual status$100,080 $110,625 
Non-accrual status58,093 52,719 
Total TDRs$158,173 $163,344 
Additional funds committed to borrowers in TDR status$906 $5,975 
Specific reserves for TDRs included in the ACL on loans and leases:
Commercial portfolio$7,138 $9,017 
Consumer portfolio3,908 3,745 
The following table summarizes loans and leases modified as TDRs by class and modification type:
Three months ended June 30,Six months ended June 30,
2022202120222021
(Dollars in thousands)Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Commercial non-mortgage
Extended maturity—$—1$502$977$557
Maturity/rate combined3351517354436210
Other (2)
122,96411122,9643114
Commercial real estate
Extended maturity——————1183
Equipment financing
Other (2)
11,157——11,157——
Residential
Extended maturity1893——1893199
Maturity/rate combined——2401——2401
Other (2)
2308——62,7622233
Home equity
Extended maturity——————128
Adjusted interest rate174——174——
Maturity/rate combined76801141172461,025
Other (2)
93997535241,33314968
Total TDRs25$26,82617$1,17452$30,44743$3,818
(1)Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs due to restructurings was not significant.
(2)Other includes covenant modifications, forbearance, discharges under Chapter 7 bankruptcy, or other concessions.