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ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
9 Months Ended
Sep. 30, 2018
Loans And Leases Receivable Disclosure [Abstract]  
Changes in Allowance for Loan and Lease Losses
The changes in the allowance for loan and lease losses were as follows:
Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Quarter ended September 30, 2018
Allowance for loan and lease losses:
Beginning balance$55,130$48,718$44,000$3,949$70,238$222,035
Charge-offs(8,316)(9,850)(2,242)(2,192)(13,712)(36,312)
Recoveries833291127142,0513,316
Provision 36010,1112,2811,308(2,536)11,524
Ending balance$48,007$49,270$44,166$3,079$56,041$200,563
Ending balance: specific reserve for impaired loans$18,482$17,044$10,798$906$6,083$53,313
Ending balance: purchased credit-impaired loans (1)$10,954$400$-$-$-$11,354
Ending balance: general allowance$18,571$31,826$33,368$2,173$49,958$135,896
Loans held for investment:
Ending balance$3,207,981$1,506,502$2,068,256$82,862$1,851,352$8,716,953
Ending balance: impaired loans$408,794$243,220$97,154$6,897$31,945$788,010
Ending balance: purchased credit-impaired loans$145,203$3,919$-$-$-$149,122
Ending balance: loans with general allowance$2,653,984$1,259,363$1,971,102$75,965$1,819,407$7,779,821
Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Nine-Month Period Ended September 30, 2018
Allowance for loan and lease losses:
Beginning balance$58,975$48,493$48,871$4,522$70,982$231,843
Charge-offs(17,231)(20,557)(9,282)(8,187)(38,111)(93,368)
Recoveries1,8573781,5651656,51910,484
Provision 4,40620,9563,0126,57916,65151,604
Ending balance$48,007$49,270$44,166$3,079$56,041$200,563
Ending balance: specific reserve for impaired loans$18,482$17,044$10,798$906$6,083$53,313
Ending balance: purchased credit-impaired loans (1)$10,954$400$-$-$-$11,354
Ending balance: general allowance$18,571$31,826$33,368$2,173$49,958$135,896
Loans held for investment:
Ending balance$3,207,981$1,506,502$2,068,256$82,862$1,851,352$8,716,953
Ending balance: impaired loans$408,794$243,220$97,154$6,897$31,945$788,010
Ending balance: purchased credit-impaired loans $145,203$3,919$-$-$-$149,122
Ending balance: loans with general allowance$2,653,984$1,259,363$1,971,102$75,965$1,819,407$7,779,821

Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Quarter ended September 30, 2017
Allowance for loan and lease losses:
Beginning balance$40,587$38,576$42,082$3,736$48,504$173,485
Charge-offs(7,177)(266)(738)(47)(11,141)(19,369)
Recoveries32143114161,2471,741
Provision (release)23,32117,590(1,079)24234,93975,013
Ending balance$57,052$55,943$40,379$3,947$73,549$230,870
Ending balance: specific reserve for impaired loans$19,417$10,456$11,240$1,865$5,177$48,155
Ending balance: purchased credit-impaired loans (1)$9,863$372$-$-$-$10,235
Ending balance: general allowance$27,772$45,115$29,139$2,082$68,372$172,480
Loans held for investment:
Ending balance$3,274,340$1,601,638$2,144,236$129,460$1,727,540$8,877,214
Ending balance: impaired loans$425,835$153,875$110,939$50,373$38,237$779,259
Ending balance: purchased credit-impaired loans$153,609$4,185$-$-$-$157,794
Ending balance: loans with general allowance$2,694,896$1,443,578$2,033,297$79,087$1,689,303$7,940,161
Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConstruction LoansConsumer LoansTotal
(In thousands)
Nine-Month Period Ended September 30, 2017
Allowance for loan and lease losses:
Beginning balance$33,980$57,261$61,953$2,562$49,847$205,603
Charge-offs(22,369)(32,123)(19,168)(705)(33,386)(107,751)
Recoveries1,9611515,6135946,14814,467
Provision (release)43,48030,654(8,019)1,49650,940118,551
Ending balance$57,052$55,943$40,379$3,947$73,549$230,870
Ending balance: specific reserve for impaired loans$19,417$10,456$11,240$1,865$5,177$48,155
Ending balance: purchased credit-impaired loans (1)$9,863$372$-$-$-$10,235
Ending balance: general allowance$27,772$45,115$29,139$2,082$68,372$172,480
Loans held for investment:
Ending balance$3,274,340$1,601,638$2,144,236$129,460$1,727,540$8,877,214
Ending balance: impaired loans$425,835$153,875$110,939$50,373$38,237$779,259
Ending balance: purchased credit-impaired loans$153,609$4,185$-$-$-$157,794
Ending balance: loans with general allowance$2,694,896$1,443,578$2,033,297$79,087$1,689,303$7,940,161
(1)Refer to Note 7- Loans Held For Investment-PCI Loans, for a detail of changes in the allowance for loan losses related to PCI loans.

The tables below present the allowance for loan and lease losses and the carrying value of loans by portfolio segment as of September 30, 2018 and December 31, 2017:
As of September 30, 2018Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConsumer Loans
Construction Loans
(Dollars in thousands)Total
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs$117,375$73,433$34,793$1,116$2,189$228,906
Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs291,419169,78762,3615,78129,756559,104
Allowance for loan and lease losses 18,482 17,04410,7989066,08353,313
Allowance for loan and lease losses to principal
balance6.34%10.04%17.32%15.67%20.44%9.54%
PCI loans:
Carrying value of PCI loans145,2033,919---149,122
Allowance for PCI loans 10,954 400---11,354
Allowance for PCI loans to carrying value7.54%10.21%---7.61%
Loans with general allowance:
Principal balance of loans2,653,9841,259,3631,971,10275,9651,819,4077,779,821
Allowance for loan and lease losses18,57131,82633,3682,17349,958135,896
Allowance for loan and lease losses to principal
balance0.70%2.53%1.69%2.86%2.75%1.75%
Total loans held for investment:
Principal balance of loans$3,207,981$1,506,502$2,068,256$82,862$1,851,352$8,716,953
Allowance for loan and lease losses48,00749,27044,1663,07956,041200,563
Allowance for loan and lease losses to principal
balance (1)1.50%3.27%2.14%3.72%3.03%2.30%

As of December 31, 2017Residential Mortgage LoansCommercial Mortgage LoansCommercial & Industrial LoansConsumer Loans
Construction Loans
(Dollars in thousands)Total
Impaired loans without specific reserves:
Principal balance of loans, net of charge-offs$116,818$65,100$28,292$48$2,788$213,046
Impaired loans with specific reserves:
Principal balance of loans, net of charge-offs316,61687,81490,00847,21835,606577,262
Allowance for loan and lease losses22,0869,78312,3592,0175,16551,410
Allowance for loan and lease losses to principal
balance6.98%11.14%13.73%4.27%14.51%8.91%
PCI loans:
Carrying value of PCI loans153,9914,183---158,174
Allowance for PCI loans10,873378---11,251
Allowance for PCI loans to carrying value7.06%9.04%---7.11%
Loans with general allowance:
Principal balance of loans2,703,5321,457,8751,964,95364,1311,711,5037,901,994
Allowance for loan and lease losses26,01638,33236,5122,50565,817169,182
Allowance for loan and lease losses to principal
balance0.96%2.63%1.86%3.91%3.85%2.14%
Total loans held for investment:
Principal balance of loans$3,290,957$1,614,972$2,083,253$111,397$1,749,897$8,850,476
Allowance for loan and lease losses58,97548,49348,8714,52270,982231,843
Allowance for loan and lease losses to principal
balance (1)1.79%3.00%2.35%4.06%4.06%2.62%
__________
(1) Loans used in the denominator include PCI loans of $149.1 million and $158.2 million as of September 30, 2018 and December 31, 2017, respectively. However, the Corporation separately tracks and reports PCI loans and excludes these loans from the amounts of non-performing loans, impaired loans, TDRs and non-performing assets.