ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Allowance for Credit Loss [Abstract]

Allowance For Credit Losses On Financing Receivables Table [Text Block]

The following table presents the activity in the ACL for loans and finance leases by portfolio segment for the indicated periods:
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Quarter Ended June 30, 2022
(In thousands)
ACL:
Beginning balance	$	68,820	$	1,842	$	30,138	$	36,784	$	107,863	$	245,447
Provision for credit losses - (benefit) expense		(2,797)		151		1,265		(1,102)		15,148		12,665
Charge-offs		(2,079)		(16)		(2)		(68)		(10,427)		(12,592)
Recoveries		1,287		43		1,218		589		3,495		6,632
Ending balance	$	65,231	$	2,020	$	32,619	$	36,203	$	116,079	$	252,152
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage		Commercial & Industrial Loans		Consumer Loans		Total
Six-Month Period Ended June 30, 2022
(In thousands)
ACL:
Beginning balance	$	74,837	$	4,048	$	52,771	$	34,284	$	103,090	$	269,030
Provision for credit losses - (benefit) expense		(7,668)		(2,063)		(21,375)		653		26,129		(4,324)
Charge-offs		(4,607)		(60)		(39)		(358)		(20,243)		(25,307)
Recoveries		2,669		95		1,262		1,624		7,103		12,753
Ending balance	$	65,231	$	2,020	$	32,619	$	36,203	$	116,079	$	252,152

	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
Quarter Ended June 30, 2021
(In thousands)
ACL:
Beginning balance	$	114,044	$	4,915	$	99,782	$	32,087	$	108,108	$	358,936
Provision for credit losses - expense (benefit)		825		(196)		(27,299)		(426)		794		(26,302)
Charge-offs		(2,927)		-		(81)		(60)		(14,798)		(17,866)
Recoveries		940		38		50		5,869		3,293		10,190
Ending balance	$	112,882	$	4,757	$	72,452	$	37,470	$	97,397	$	324,958
	Residential Mortgage Loans		Construction Loans		Commercial Mortgage Loans		Commercial & Industrial Loans		Consumer Loans		Total
Six-Month Period Ended June 30, 2021
(In thousands)
ACL:
Beginning balance	$	120,311	$	5,380	$	109,342	$	37,944	$	112,910	$	385,887
Provision for credit losses - (benefit) expense		(3,350)		(652)		(36,119)		(5,738)		5,114		(40,745)
Charge-offs		(5,752)		(45)		(875)		(869)		(26,559)		(34,100)
Recoveries		1,673		74		104		6,133		5,932		13,916
Ending balance	$	112,882	$	4,757	$	72,452	$	37,470	$	97,397	$	324,958

The tables below present the ACL related to loans and finance leases and the carrying value of loans by portfolio segment as of June 30, 2022 and December 31, 2021:
			Residential Mortgage Loans			Construction Loans			Commercial Mortgage Loans			Commercial and Industrial Loans (1)			Consumer Loans			Total
As of June 30, 2022
(Dollars in thousands)
Total loans held for investment:
	Amortized cost of loans		$	2,851,685		$	115,310		$	2,270,113		$	2,862,917		$	3,106,849		$	11,206,874
	Allowance for credit losses			65,231			2,020			32,619			36,203			116,079			252,152
	Allowance for credit losses to
		amortized cost		2.29	%		1.75	%		1.44	%		1.26	%		3.74	%		2.25	%

As of December 31, 2021			Residential Mortgage Loans			Construction Loans			Commercial Mortgage Loans			Commercial and Industrial Loans (1)			Consumer Loans			Total
(Dollars in thousands)
Total loans held for investment:
	Amortized cost of loans		$	2,978,895		$	138,999		$	2,167,469		$	2,887,251		$	2,888,044			11,060,658
	Allowance for credit losses			74,837			4,048			52,771			34,284			103,090			269,030
	Allowance for credit losses to
		amortized cost		2.51	%		2.91	%		2.43	%		1.19	%		3.57	%		2.43	%
(1)	As of June 30, 2022 and December 31, 2021, includes $49.4 million and $145.0 million of SBA PPP loans, respectively, which require no ACL as these loans are 100% guaranteed by the SBA.

	Quarter Ended				Six-Month Period Ended
	June 30,				June 30,
	2022		2021		2022		2021
(In thousands)
Beginning Balance	$	1,359	$	4,399	$	1,537	$	5,105
Provision for credit losses - expense (benefit)		812		(1,669)		634		(2,375)
Ending balance	$	2,171	$	2,730	$	2,171	$	2,730