Changes in Allowance for Loan and Lease Losses |
The changes in the allowance for loan and lease losses were as follows: | | | | | | | | | | | | | | | | | | | | | Residential Mortgage Loans | | Commercial Mortgage Loans | | Commercial & Industrial Loans | | Construction Loans | | Consumer Loans | | Total | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | Quarter ended June 30, 2017 | | | | | | | | | | | | | | | | | | Allowance for loan and lease losses: | | | | | | | | | | | | | | | | | | Beginning balance | $ | 35,775 | | $ | 68,468 | | $ | 45,970 | | $ | 3,886 | | $ | 49,132 | | $ | 203,231 | Charge-offs | | (6,967) | | | (30,495) | | | (6,378) | | | (595) | | | (11,053) | | | (55,488) | Recoveries | | 891 | | | 78 | | | 4,624 | | | 133 | | | 1,920 | | | 7,646 | Provision (release) | | 10,888 | | | 525 | | | (2,134) | | | 312 | | | 8,505 | | | 18,096 | Ending balance | $ | 40,587 | | $ | 38,576 | | $ | 42,082 | | $ | 3,736 | | $ | 48,504 | | $ | 173,485 | Ending balance: specific reserve for impaired loans | $ | 13,786 | | $ | 8,330 | | $ | 10,788 | | $ | 2,374 | | $ | 5,516 | | $ | 40,794 | Ending balance: purchased credit-impaired loans (1) | $ | 9,074 | | $ | 372 | | $ | - | | $ | - | | $ | - | | $ | 9,446 | Ending balance: general allowance | $ | 17,727 | | $ | 29,874 | | $ | 31,294 | | $ | 1,362 | | $ | 42,988 | | $ | 123,245 | Loans held for investment: | | | | | | | | | | | | | | | | | | Ending balance | $ | 3,282,307 | | $ | 1,611,730 | | $ | 2,116,756 | | $ | 122,093 | | $ | 1,728,290 | | $ | 8,861,176 | Ending balance: impaired loans | $ | 428,711 | | $ | 140,621 | | $ | 74,902 | | $ | 50,557 | | $ | 40,834 | | $ | 735,625 | Ending balance: purchased credit-impaired loans | $ | 156,202 | | $ | 4,166 | | $ | - | | $ | - | | $ | - | | $ | 160,368 | Ending balance: loans with general allowance | $ | 2,697,394 | | $ | 1,466,943 | | $ | 2,041,854 | | $ | 71,536 | | $ | 1,687,456 | | $ | 7,965,183 | | | | | | | | | | | | | | | | | | | | | Residential Mortgage Loans | | Commercial Mortgage Loans | | Commercial & Industrial Loans | | Construction Loans | | Consumer Loans | | Total | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | Six-Month Period Ended June 30, 2017 | | | | | | | | | | | | | | | | | | Allowance for loan and lease losses: | | | | | | | | | | | | | | | | | | Beginning balance | $ | 33,980 | | $ | 57,261 | | $ | 61,953 | | $ | 2,562 | | $ | 49,847 | | $ | 205,603 | Charge-offs | | (15,192) | | | (31,857) | | | (18,430) | | | (658) | | | (22,245) | | | (88,382) | Recoveries | | 1,640 | | | 108 | | | 5,499 | | | 578 | | | 4,901 | | | 12,726 | Provision (release) | | 20,159 | | | 13,064 | | | (6,940) | | | 1,254 | | | 16,001 | | | 43,538 | Ending balance | $ | 40,587 | | $ | 38,576 | | $ | 42,082 | | $ | 3,736 | | $ | 48,504 | | $ | 173,485 | Ending balance: specific reserve for impaired loans | $ | 13,786 | | $ | 8,330 | | $ | 10,788 | | $ | 2,374 | | $ | 5,516 | | $ | 40,794 | Ending balance: purchased credit-impaired loans (1) | $ | 9,074 | | $ | 372 | | $ | - | | $ | - | | $ | - | | $ | 9,446 | Ending balance: general allowance | $ | 17,727 | | $ | 29,874 | | $ | 31,294 | | $ | 1,362 | | $ | 42,988 | | $ | 123,245 | Loans held for investment: | | | | | | | | | | | | | | | | | | Ending balance | $ | 3,282,307 | | $ | 1,611,730 | | $ | 2,116,756 | | $ | 122,093 | | $ | 1,728,290 | | $ | 8,861,176 | Ending balance: impaired loans | $ | 428,711 | | $ | 140,621 | | $ | 74,902 | | $ | 50,557 | | $ | 40,834 | | $ | 735,625 | Ending balance: purchased credit-impaired loans | $ | 156,202 | | $ | 4,166 | | $ | - | | $ | - | | $ | - | | $ | 160,368 | Ending balance: loans with general allowance | $ | 2,697,394 | | $ | 1,466,943 | | $ | 2,041,854 | | $ | 71,536 | | $ | 1,687,456 | | $ | 7,965,183 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Residential Mortgage Loans | | Commercial Mortgage Loans | | Commercial & Industrial Loans | | Construction Loans | | Consumer Loans | | Total | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | Quarter ended June 30, 2016 | | | | | | | | | | | | | | | | | | Allowance for loan and lease losses: | | | | | | | | | | | | | | | | | | Beginning balance | $ | 38,548 | | $ | 68,744 | | $ | 71,098 | | $ | 3,013 | | $ | 56,722 | | $ | 238,125 | Charge-offs | | (11,532) | | | (1,437) | | | (1,914) | | | (513) | | | (12,970) | | | (28,366) | Recoveries | | 841 | | | 33 | | | 676 | | | 144 | | | 2,015 | | | 3,709 | Provision (release) | | 11,098 | | | 2,459 | | | (71) | | | 103 | | | 7,397 | | | 20,986 | Ending balance | $ | 38,955 | | $ | 69,799 | | $ | 69,789 | | $ | 2,747 | | $ | 53,164 | | $ | 234,454 | Ending balance: specific reserve for impaired loans | $ | 11,972 | | $ | 40,071 | | $ | 27,750 | | $ | 1,114 | | $ | 5,465 | | $ | 86,372 | Ending balance: purchased credit-impaired loans (1) | $ | 6,638 | | $ | 219 | | $ | - | | $ | - | | $ | - | | $ | 6,857 | Ending balance: general allowance | $ | 20,345 | | $ | 29,509 | | $ | 42,039 | | $ | 1,633 | | $ | 47,699 | | $ | 141,225 | Loans held for investment: | | | | | | | | | | | | | | | | | | Ending balance | $ | 3,323,844 | | $ | 1,523,676 | | $ | 2,133,623 | | $ | 137,406 | | $ | 1,752,198 | | $ | 8,870,747 | Ending balance: impaired loans | $ | 452,280 | | $ | 211,348 | | $ | 197,368 | | $ | 49,216 | | $ | 43,562 | | $ | 953,774 | Ending balance: purchased credit-impaired loans | $ | 166,556 | | $ | 3,134 | | $ | - | | $ | - | | $ | - | | $ | 169,690 | Ending balance: loans with general allowance | $ | 2,705,008 | | $ | 1,309,194 | | $ | 1,936,255 | | $ | 88,190 | | $ | 1,708,636 | | $ | 7,747,283 | | | | | | | | | | | | | | | | | | | | | Residential Mortgage Loans | | Commercial Mortgage Loans | | Commercial & Industrial Loans | | Construction Loans | | Consumer Loans | | Total | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | Six-Month Period Ended June 30, 2016 | | | | | | | | | | | | | | | | | | Allowance for loan and lease losses: | | | | | | | | | | | | | | | | | | Beginning balance | $ | 39,570 | | $ | 68,211 | | $ | 68,768 | | $ | 3,519 | | $ | 60,642 | | $ | 240,710 | Charge-offs | | (18,838) | | | (2,012) | | | (5,673) | | | (604) | | | (27,774) | | | (54,901) | Recoveries | | 1,187 | | | 79 | | | 956 | | | 161 | | | 4,223 | | | 6,606 | Provision (release) | | 17,036 | | | 3,521 | | | 5,738 | | | (329) | | | 16,073 | | | 42,039 | Ending balance | $ | 38,955 | | $ | 69,799 | | $ | 69,789 | | $ | 2,747 | | $ | 53,164 | | $ | 234,454 | Ending balance: specific reserve for impaired loans | $ | 11,972 | | $ | 40,071 | | $ | 27,750 | | $ | 1,114 | | $ | 5,465 | | $ | 86,372 | Ending balance: purchased credit-impaired loans (1) | $ | 6,638 | | $ | 219 | | $ | - | | $ | - | | $ | - | | $ | 6,857 | Ending balance: general allowance | $ | 20,345 | | $ | 29,509 | | $ | 42,039 | | $ | 1,633 | | $ | 47,699 | | $ | 141,225 | Loans held for investment: | | | | | | | | | | | | | | | | | | Ending balance | $ | 3,323,844 | | $ | 1,523,676 | | $ | 2,133,623 | | $ | 137,406 | | $ | 1,752,198 | | $ | 8,870,747 | Ending balance: impaired loans | $ | 452,280 | | $ | 211,348 | | $ | 197,368 | | $ | 49,216 | | $ | 43,562 | | $ | 953,774 | Ending balance: purchased credit-impaired loans | $ | 166,556 | | $ | 3,134 | | $ | - | | $ | - | | $ | - | | $ | 169,690 | Ending balance: loans with general allowance | $ | 2,705,008 | | $ | 1,309,194 | | $ | 1,936,255 | | $ | 88,190 | | $ | 1,708,636 | | $ | 7,747,283 | | | | | | | | | | | | | | | | | | | | (1) | Refer to Note 6- Loans Held For Investment-PCI Loans for a detail of changes in the allowance for loan losses related to PCI loans. |
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