Loans receivable (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
Receivables [Abstract] |
|
Summary of loans receivable |
The following table shows a summary of our loans receivable at September 30, 2016 and December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | September 30, 2016 | | December 31, 2015 | | Originated | | Acquired | | Total | | Originated | | Acquired | | Total | Personal Banking: | |
| | |
| | |
| | |
| | | | | Residential mortgage loans (1) | $ | 2,678,757 |
| | 142,360 |
| | 2,821,117 |
| | 2,695,561 |
| | 45,716 |
| | 2,741,277 |
| Home equity loans | 1,028,982 |
| | 320,123 |
| | 1,349,105 |
| | 1,055,907 |
| | 131,199 |
| | 1,187,106 |
| Consumer loans | 436,847 |
| | 180,488 |
| | 617,335 |
| | 313,220 |
| | 197,397 |
| | 510,617 |
| Total Personal Banking | 4,144,586 |
| | 642,971 |
| | 4,787,557 |
| | 4,064,688 |
| | 374,312 |
| | 4,439,000 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,213,678 |
| | 422,669 |
| | 2,636,347 |
| | 2,094,710 |
| | 429,564 |
| | 2,524,274 |
| Commercial loans | 486,353 |
| | 83,433 |
| | 569,786 |
| | 372,540 |
| | 65,175 |
| | 437,715 |
| Total Commercial Banking | 2,700,031 |
| | 506,102 |
| | 3,206,133 |
| | 2,467,250 |
| | 494,739 |
| | 2,961,989 |
| Total loans receivable, gross | 6,844,617 |
| | 1,149,073 |
| | 7,993,690 |
| | 6,531,938 |
| | 869,051 |
| | 7,400,989 |
| | | | | | | | | | | | | Deferred loan costs | 18,819 |
| | 3,510 |
| | 22,329 |
| | 14,806 |
| | 5,259 |
| | 20,065 |
| Allowance for loan losses | (58,024 | ) | | (5,222 | ) | | (63,246 | ) | | (60,970 | ) | | (1,702 | ) | | (62,672 | ) | Undisbursed loan proceeds: | |
| | |
| | |
| | |
| | |
| | | Residential mortgage loans | (13,256 | ) | | — |
| | (13,256 | ) | | (10,778 | ) | | — |
| | (10,778 | ) | Commercial real estate loans | (167,915 | ) | | (3,751 | ) | | (171,666 | ) | | (159,553 | ) | | (13,287 | ) | | (172,840 | ) | Commercial loans | (30,240 | ) | | (2,291 | ) | | (32,531 | ) | | (11,132 | ) | | (4,183 | ) | | (15,315 | ) | Total loans receivable, net | $ | 6,594,001 |
| | 1,141,319 |
| | 7,735,320 |
| | 6,304,311 |
| | 855,138 |
| | 7,159,449 |
|
(1) Includes $30.4 million of loans held for sale at September 30, 2016.
|
Schedule of information related to the outstanding principal balance and related carrying value of acquired loans |
Acquired loans were initially measured at fair value and subsequently accounted for under either Accounting Standards Codification (“ASC”) Topic 310-30 or ASC Topic 310-20. The following table provides information related to the outstanding principal balance and related carrying value of acquired loans for the dates indicated (in thousands): | | | | | | | | | | September 30, 2016 | | December 31, 2015 | Acquired loans evaluated individually for future credit losses: | |
| | | Outstanding principal balance | $ | 17,212 |
| | $ | 21,069 |
| Carrying value | 13,641 |
| | 16,867 |
| | |
| | | Acquired loans evaluated collectively for future credit losses: | |
| | | Outstanding principal balance | 1,141,343 |
| | 848,194 |
| Carrying value | 1,132,900 |
| | 839,973 |
| | |
| | | Total acquired loans: | |
| | | Outstanding principal balance | 1,158,555 |
| | 869,263 |
| Carrying value | 1,146,541 |
| | 856,840 |
|
|
Schedule of the changes in the accretable discount |
The following table provides information related to the changes in the accretable discount, which includes income recognized from contractual cash flows for the dates indicated (in thousands): | | | | | | Total | Balance at December 31, 2014 | $ | — |
| LNB Bancorp, Inc. acquisition | 1,672 |
| Accretion | (377 | ) | Net reclassification from nonaccretable yield | 724 |
| Balance at December 31, 2015 | 2,019 |
| Accretion | (851 | ) | Net reclassification from nonaccretable yield | 1,080 |
| Balance at September 30, 2016 | $ | 2,248 |
|
|
Schedule of the composition of impaired loans by portfolio segment and by class of financing receivable |
The following table provides information related to acquired impaired loans by portfolio segment and by class of financing receivable at and for the nine months ended September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | Carrying value | | Outstanding principal balance | | Related impairment reserve | | Average recorded investment in impaired loans | | Interest income recognized | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 1,381 |
| | 2,153 |
| | 184 |
| | 1,681 |
| | 154 |
| Home equity loans | 1,407 |
| | 2,739 |
| | 8 |
| | 1,746 |
| | 150 |
| Consumer loans | 169 |
| | 353 |
| | 3 |
| | 218 |
| | 32 |
| Total Personal Banking | 2,957 |
| | 5,245 |
| | 195 |
| | 3,645 |
| | 336 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 10,434 |
| | 11,703 |
| | 62 |
| | 11,361 |
| | 507 |
| Commercial loans | 250 |
| | 264 |
| | — |
| | 248 |
| | 8 |
| Total Commercial Banking | 10,684 |
| | 11,967 |
| | 62 |
| | 11,609 |
| | 515 |
| | | | | | | | | | | Total | $ | 13,641 |
| | 17,212 |
| | 257 |
| | 15,254 |
| | 851 |
|
The following table provides information related to acquired impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | Carrying value | | Outstanding principal balance | | Related impairment reserve | | Average recorded investment in impaired loans | | Interest income recognized | Personal Banking: | | | | | | | | | | Residential mortgage loans | $ | 1,981 |
| | 2,910 |
| | 14 |
| | 2,083 |
| | 41 |
| Home equity loans | 2,084 |
| | 3,455 |
| | 6 |
| | 2,222 |
| | 51 |
| Consumer loans | 267 |
| | 492 |
| | 2 |
| | 305 |
| | 18 |
| Total Personal Banking | 4,332 |
| | 6,857 |
| | 22 |
| | 4,610 |
| | 110 |
| | | | | | | | | | | Commercial Banking: | | | | | | | | | | Commercial real estate loans | 12,288 |
| | 13,946 |
| | 353 |
| | 12,867 |
| | 249 |
| Commercial loans | 247 |
| | 266 |
| | — |
| | 335 |
| | 18 |
| Total Commercial Banking | 12,535 |
| | 14,212 |
| | 353 |
| | 13,202 |
| | 267 |
| | | | | | | | | | | Total | $ | 16,867 |
| | 21,069 |
| | 375 |
| | 17,812 |
| | 377 |
|
The following table provides information related to the composition of originated impaired loans by portfolio segment and by class of financing receivable at and for the nine months ended September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual loans 90 or more days delinquent | | Nonaccrual loans less than 90 days delinquent | | Loans less than 90 days delinquent reviewed for impairment | | TDRs less than 90 days delinquent not included elsewhere | | Total impaired loans | | Average recorded investment in impaired loans | | Interest income recognized on impaired loans | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 13,242 |
| | 4,677 |
| | — |
| | 6,330 |
| | 24,249 |
| | 24,401 |
| | 819 |
| Home equity loans | 5,874 |
| | 2,226 |
| | — |
| | 1,476 |
| | 9,576 |
| | 9,155 |
| | 368 |
| Consumer loans | 3,354 |
| | 925 |
| | — |
| | — |
| | 4,279 |
| | 3,322 |
| | 116 |
| Total Personal Banking | 22,470 |
| | 7,828 |
| | — |
| | 7,806 |
| | 38,104 |
| | 36,878 |
| | 1,303 |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 22,155 |
| | 19,911 |
| | 4,838 |
| | 10,929 |
| | 57,833 |
| | 67,422 |
| | 2,258 |
| Commercial loans | 6,105 |
| | 7,803 |
| | 2,893 |
| | 3,634 |
| | 20,435 |
| | 17,158 |
| | 733 |
| Total Commercial Banking | 28,260 |
| | 27,714 |
| | 7,731 |
| | 14,563 |
| | 78,268 |
| | 84,580 |
| | 2,991 |
| | | | | | | | | | | | | | | Total | $ | 50,730 |
| | 35,542 |
| | 7,731 |
| | 22,369 |
| | 116,372 |
| | 121,458 |
| | 4,294 |
|
The following table provides information related to the composition of originated impaired loans by portfolio segment and by class of financing receivable at and for the year ended December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual loans 90 or more days delinquent | | Nonaccrual loans less than 90 days delinquent | | Loans less than 90 days delinquent reviewed for impairment | | TDRs less than 90 days delinquent not included elsewhere | | Total impaired loans | | Average recorded investment in impaired loans | | Interest income recognized on impaired loans | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 15,810 |
| | 3,962 |
| | — |
| | 5,086 |
| | 24,858 |
| | 24,554 |
| | 944 |
| Home equity loans | 5,650 |
| | 1,872 |
| | — |
| | 1,847 |
| | 9,369 |
| | 9,644 |
| | 497 |
| Consumer loans | 2,900 |
| | 552 |
| | — |
| | — |
| | 3,452 |
| | 2,977 |
| | 101 |
| Total Personal Banking | 24,360 |
| | 6,386 |
| | — |
| | 6,933 |
| | 37,679 |
| | 37,175 |
| | 1,542 |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 16,449 |
| | 16,972 |
| | 16,121 |
| | 16,467 |
| | 66,009 |
| | 77,166 |
| | 3,226 |
| Commercial loans | 2,459 |
| | 5,036 |
| | 2,014 |
| | 4,654 |
| | 14,163 |
| | 16,187 |
| | 694 |
| Total Commercial Banking | 18,908 |
| | 22,008 |
| | 18,135 |
| | 21,121 |
| | 80,172 |
| | 93,353 |
| | 3,920 |
| | | | | | | | | | | | | | | Total | $ | 43,268 |
| | 28,394 |
| | 18,135 |
| | 28,054 |
| | 117,851 |
| | 130,528 |
| | 5,462 |
|
|
Schedule of the changes in the allowance for losses on loans receivable |
The following table provides information related to the allowance for loan losses by portfolio segment and by class of financing receivable for the quarter ended September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | Balance September 30, 2016 | | Current period provision | | Charge-offs | | Recoveries | | Balance June 30, 2016 | Originated loans: | | | | | | | | | | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 4,002 |
| | 1,109 |
| | (268 | ) | | 139 |
| | 3,022 |
| Home equity loans | 3,519 |
| | 296 |
| | (161 | ) | | 49 |
| | 3,335 |
| Consumer loans | 9,096 |
| | 3,345 |
| | (2,535 | ) | | 362 |
| | 7,924 |
| Total Personal Banking | 16,617 |
| | 4,750 |
| | (2,964 | ) | | 550 |
| | 14,281 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 24,530 |
| | (1,041 | ) | | (602 | ) | | 487 |
| | 25,686 |
| Commercial loans | 16,877 |
| | 1,668 |
| | (708 | ) | | 561 |
| | 15,356 |
| Total Commercial Banking | 41,407 |
| | 627 |
| | (1,310 | ) | | 1,048 |
| | 41,042 |
| Total originated loans | 58,024 |
| | 5,377 |
| | (4,274 | ) | | 1,598 |
| | 55,323 |
| | | | | | | | | | | Acquired loans: | | | | | | | | | | Personal Banking: | | | | | | | | | | Residential mortgage loans | 78 |
| | 45 |
| | (86 | ) | | 58 |
| | 61 |
| Home equity loans | 1,171 |
| | 138 |
| | (127 | ) | | 32 |
| | 1,128 |
| Consumer loans | 644 |
| | 212 |
| | (166 | ) | | 46 |
| | 552 |
| Total Personal Banking | 1,893 |
| | 395 |
| | (379 | ) | | 136 |
| | 1,741 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,422 |
| | (588 | ) | | (187 | ) | | 32 |
| | 3,165 |
| Commercial loans | 907 |
| | 354 |
| | — |
| | 1 |
| | 552 |
| Total Commercial Banking | 3,329 |
| | (234 | ) | | (187 | ) | | 33 |
| | 3,717 |
| Total acquired loans | 5,222 |
| | 161 |
| | (566 | ) | | 169 |
| | 5,458 |
| | | | | | | | | | | Total | $ | 63,246 |
| | 5,538 |
| | (4,840 | ) | | 1,767 |
| | 60,781 |
|
The following table provides information related to the allowance for loan losses by portfolio segment and by class of financing receivable for the quarter ended September 30, 2015 (in thousands): | | | | | | | | | | | | | | | | | | Balance September 30, 2015 | | Current period provision | | Charge-offs | | Recoveries | | Balance June 30, 2015 | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 4,587 |
| | (14 | ) | | (342 | ) | | 51 |
| | 4,892 |
| Home equity loans | 3,371 |
| | 274 |
| | (443 | ) | | 95 |
| | 3,445 |
| Consumer loans | 7,618 |
| | 3,000 |
| | (2,014 | ) | | 388 |
| | 6,244 |
| Total Personal Banking | 15,576 |
| | 3,260 |
| | (2,799 | ) | | 534 |
| | 14,581 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 30,829 |
| | 111 |
| | (558 | ) | | 1,113 |
| | 30,163 |
| Commercial loans | 14,142 |
| | (204 | ) | | (595 | ) | | 628 |
| | 14,313 |
| Total Commercial Banking | 44,971 |
| | (93 | ) | | (1,153 | ) | | 1,741 |
| | 44,476 |
| | | | | | | | | | | Total | $ | 60,547 |
| | 3,167 |
| | (3,952 | ) | | 2,275 |
| | 59,057 |
|
The following table provides information related to the allowance for loan losses by portfolio segment and by class of financing receivable for the nine months ended September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | Balance September 30, 2016 | | Current period provision | | Charge-offs | | Recoveries | | Balance December 31, 2015 | Originated loans: | | | | | | | | | | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 4,002 |
| | 1,612 |
| | (2,559 | ) | | 257 |
| | 4,692 |
| Home equity loans | 3,519 |
| | 253 |
| | (898 | ) | | 223 |
| | 3,941 |
| Other consumer loans | 9,096 |
| | 7,368 |
| | (6,908 | ) | | 1,148 |
| | 7,488 |
| Total Personal Banking | 16,617 |
| | 9,233 |
| | (10,365 | ) | | 1,628 |
| | 16,121 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 24,530 |
| | (8,756 | ) | | (2,103 | ) | | 3,041 |
| | 32,348 |
| Commercial loans | 16,877 |
| | 5,008 |
| | (1,704 | ) | | 1,072 |
| | 12,501 |
| Total Commercial Banking | 41,407 |
| | (3,748 | ) | | (3,807 | ) | | 4,113 |
| | 44,849 |
| Total originated loans | 58,024 |
| | 5,485 |
| | (14,172 | ) | | 5,741 |
| | 60,970 |
| | | | | | | | | | | Acquired loans: | | | | | | | | | | Personal Banking: | | | | | | | | | | Residential mortgage loans | 78 |
| | 118 |
| | (211 | ) | | 153 |
| | 18 |
| Home equity loans | 1,171 |
| | 2,093 |
| | (1,320 | ) | | 297 |
| | 101 |
| Other consumer loans | 644 |
| | 925 |
| | (528 | ) | | 137 |
| | 110 |
| Total Personal Banking | 1,893 |
| | 3,136 |
| | (2,059 | ) | | 587 |
| | 229 |
| | | | | | | | | | | Commercial Banking: | | | | | | | | | | Commercial real estate loans | 2,422 |
| | 1,886 |
| | (1,314 | ) | | 411 |
| | 1,439 |
| Commercial loans | 907 |
| | 890 |
| | (24 | ) | | 7 |
| | 34 |
| Total Commercial Banking | 3,329 |
| | 2,776 |
| | (1,338 | ) | | 418 |
| | 1,473 |
| Total acquired loans | 5,222 |
| | 5,912 |
| | (3,397 | ) | | 1,005 |
| | 1,702 |
| | | | | | | | | | | Total | $ | 63,246 |
| | 11,397 |
| | (17,569 | ) | | 6,746 |
| | 62,672 |
|
The following table provides information related to the allowance for loan losses by portfolio segment and by class of financing receivable for the nine months ended September 30, 2015 (in thousands): | | | | | | | | | | | | | | | | | | Balance September 30, 2015 | | Current period provision | | Charge-offs | | Recoveries | | Balance December 31, 2014 | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 4,587 |
| | (220 | ) | | (955 | ) | | 181 |
| | 5,581 |
| Home equity loans | 3,371 |
| | (126 | ) | | (1,327 | ) | | 274 |
| | 4,550 |
| Other consumer loans | 7,618 |
| | 6,135 |
| | (5,713 | ) | | 1,078 |
| | 6,118 |
| Total Personal Banking | 15,576 |
| | 5,789 |
| | (7,995 | ) | | 1,533 |
| | 16,249 |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 30,829 |
| | (1,205 | ) | | (5,110 | ) | | 3,755 |
| | 33,389 |
| Commercial loans | 14,142 |
| | 4,898 |
| | (7,675 | ) | | 3,404 |
| | 13,515 |
| Total Commercial Banking | 44,971 |
| | 3,693 |
| | (12,785 | ) | | 7,159 |
| | 46,904 |
| | | | | | | | | | | Unallocated | — |
| | (4,365 | ) | | — |
| | — |
| | 4,365 |
| | | | | | | | | | | Total | $ | 60,547 |
| | 5,117 |
| | (20,780 | ) | | 8,692 |
| | 67,518 |
|
|
Schedule of loan portfolio by portfolio segment and by class of financing receivable |
The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Total loans receivable | | Allowance for loan losses | | Nonaccrual loans (1) | | Loans past due 90 days or more and still accruing (2) | | TDRs | | Allowance related to TDRs | | Additional commitments to customers with loans classified as TDRs | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,819,013 |
| | 4,080 |
| | 17,919 |
| | — |
| | 7,174 |
| | 735 |
| | — |
| Home equity loans | 1,349,105 |
| | 4,690 |
| | 8,100 |
| | — |
| | 1,962 |
| | 471 |
| | 3 |
| Consumer loans | 628,512 |
| | 9,740 |
| | 4,279 |
| | 95 |
| | — |
| | — |
| | — |
| Total Personal Banking | 4,796,630 |
| | 18,510 |
| | 30,298 |
| | 95 |
| | 9,136 |
| | 1,206 |
| | 3 |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,464,681 |
| | 26,952 |
| | 42,066 |
| | — |
| | 26,435 |
| | 2,038 |
| | 280 |
| Commercial loans | 537,255 |
| | 17,784 |
| | 13,908 |
| | 8 |
| | 11,024 |
| | 1,453 |
| | 17 |
| Total Commercial Banking | 3,001,936 |
| | 44,736 |
| | 55,974 |
| | 8 |
| | 37,459 |
| | 3,491 |
| | 297 |
| | | | | | | | | | | | | | | Total | $ | 7,798,566 |
| | 63,246 |
| | 86,272 |
| | 103 |
| | 46,595 |
| | 4,697 |
| | 300 |
|
| | (1) | Includes $17.4 million of nonaccrual TDRs. |
| | (2) | Represents loans 90 days past maturity and still accruing. |
The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Total loans receivable | | Allowance for loan losses | | Nonaccrual loans (1) | | Loans past due 90 days or more and still accruing (2) | | TDRs | | Allowance related to TDRs | | Additional commitments to customers with loans classified as TDRs | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,740,892 |
| | 4,710 |
| | 19,772 |
| | 4 |
| | 6,360 |
| | 1,189 |
| | — |
| Home equity loans | 1,187,106 |
| | 4,042 |
| | 7,522 |
| | — |
| | 2,298 |
| | 605 |
| | — |
| Consumer loans | 520,289 |
| | 7,598 |
| | 3,452 |
| | 976 |
| | — |
| | — |
| | — |
| Total Personal Banking | 4,448,287 |
| | 16,350 |
| | 30,746 |
| | 980 |
| | 8,658 |
| | 1,794 |
| | — |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,351,434 |
| | 33,787 |
| | 33,421 |
| | 206 |
| | 31,970 |
| | 2,257 |
| | 241 |
| Commercial loans | 422,400 |
| | 12,535 |
| | 7,495 |
| | 148 |
| | 10,487 |
| | 631 |
| | 79 |
| Total Commercial Banking | 2,773,834 |
| | 46,322 |
| | 40,916 |
| | 354 |
| | 42,457 |
| | 2,888 |
| | 320 |
| | | | | | | | | | | | | | | Total | $ | 7,222,121 |
| | 62,672 |
| | 71,662 |
| | 1,334 |
| | 51,115 |
| | 4,682 |
| | 320 |
|
| | (1) | Includes $21.1 million of nonaccrual TDRs. |
| | (2) | Represents loans 90 days past maturity and still accruing. |
|
Schedule of geographical information related to the loan portfolio |
The following table provides geographical information related to the loan portfolio by portfolio segment and class of financing receivable at September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pennsylvania | | New York | | Ohio | | Maryland | | Other | | Total | Loans receivable: | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,285,555 |
| | 286,147 |
| | 70,507 |
| | 121,013 |
| | 55,791 |
| | 2,819,013 |
| Home equity loans | 858,767 |
| | 284,095 |
| | 146,040 |
| | 22,713 |
| | 37,490 |
| | 1,349,105 |
| Consumer loans | 268,458 |
| | 71,558 |
| | 117,944 |
| | 1,996 |
| | 168,556 |
| | 628,512 |
| Total Personal Banking | 3,412,780 |
| | 641,800 |
| | 334,491 |
| | 145,722 |
| | 261,837 |
| | 4,796,630 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 967,962 |
| | 875,066 |
| | 464,068 |
| | 113,605 |
| | 43,980 |
| | 2,464,681 |
| Commercial loans | 365,924 |
| | 95,997 |
| | 55,758 |
| | 7,034 |
| | 12,542 |
| | 537,255 |
| Total Commercial Banking | 1,333,886 |
| | 971,063 |
| | 519,826 |
| | 120,639 |
| | 56,522 |
| | 3,001,936 |
| | | | | | | | | | | | | Total | $ | 4,746,666 |
| | 1,612,863 |
| | 854,317 |
| | 266,361 |
| | 318,359 |
| | 7,798,566 |
| | | | | | | | | | | | | Percentage of total loans receivable | 60.9 | % | | 20.6 | % | | 11.0 | % | | 3.4 | % | | 4.1 | % | | 100.0 | % |
The following table provides delinquency information related to the loan portfolio by portfolio segment and class of financing receivable at September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pennsylvania | | New York | | Ohio | | Maryland | | Other | | Total | Loans 90 or more days delinquent: (1) | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 9,380 |
| | 1,627 |
| | 831 |
| | 1,229 |
| | 411 |
| | 13,478 |
| Home equity loans | 3,064 |
| | 1,039 |
| | 1,405 |
| | 469 |
| | 45 |
| | 6,022 |
| Consumer loans | 2,951 |
| | 122 |
| | 58 |
| | — |
| | 241 |
| | 3,372 |
| Total Personal Banking | 15,395 |
| | 2,788 |
| | 2,294 |
| | 1,698 |
| | 697 |
| | 22,872 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 7,209 |
| | 2,697 |
| | 8,261 |
| | 110 |
| | 6,256 |
| | 24,533 |
| Commercial loans | 5,061 |
| | 137 |
| | 942 |
| | 109 |
| | — |
| | 6,249 |
| Total Commercial Banking | 12,270 |
| | 2,834 |
| | 9,203 |
| | 219 |
| | 6,256 |
| | 30,782 |
| | | | | | | | | | | | | Total | $ | 27,665 |
| | 5,622 |
| | 11,497 |
| | 1,917 |
| | 6,953 |
| | 53,654 |
| | | | | | | | | | | | | Percentage of total loans 90 or more days delinquent | 51.5 | % | | 10.5 | % | | 21.4 | % | | 3.6 | % | | 13.0 | % | | 100.0 | % |
| | (1) | Includes $2.9 million of purchased credit impaired loans considered accruing. |
The following table provides geographical information related to the loan portfolio by portfolio segment and class of financing receivable at December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pennsylvania | | New York | | Ohio | | Maryland | | Other | | Total | Loans receivable: | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,310,860 |
| | 171,790 |
| | 70,209 |
| | 129,129 |
| | 58,904 |
| | 2,740,892 |
| Home equity loans | 879,447 |
| | 124,291 |
| | 154,003 |
| | 24,458 |
| | 4,907 |
| | 1,187,106 |
| Consumer loans | 260,170 |
| | 12,244 |
| | 102,034 |
| | 1,870 |
| | 143,971 |
| | 520,289 |
| Total Personal Banking | 3,450,477 |
| | 308,325 |
| | 326,246 |
| | 155,457 |
| | 207,782 |
| | 4,448,287 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 965,090 |
| | 749,435 |
| | 453,180 |
| | 122,775 |
| | 60,954 |
| | 2,351,434 |
| Commercial loans | 284,611 |
| | 53,420 |
| | 68,327 |
| | 5,662 |
| | 10,380 |
| | 422,400 |
| Total Commercial Banking | 1,249,701 |
| | 802,855 |
| | 521,507 |
| | 128,437 |
| | 71,334 |
| | 2,773,834 |
| | | | | | | | | | | | | Total | $ | 4,700,178 |
| | 1,111,180 |
| | 847,753 |
| | 283,894 |
| | 279,116 |
| | 7,222,121 |
| | | | | | | | | | | | | Percentage of total loans receivable | 65.1 | % | | 15.4 | % | | 11.7 | % | | 3.9 | % | | 3.9 | % | | 100.0 | % |
The following table provides delinquency information related to the loan portfolio by portfolio segment and class of financing receivable at December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pennsylvania | | New York | | Ohio | | Maryland | | Other | | Total | Loans 90 or more days delinquent: (1) | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 10,998 |
| | 1,801 |
| | 1,308 |
| | 1,341 |
| | 902 |
| | 16,350 |
| Home equity loans | 3,204 |
| | 639 |
| | 1,294 |
| | 975 |
| | — |
| | 6,112 |
| Consumer loans | 2,780 |
| | 90 |
| | 24 |
| | — |
| | 32 |
| | 2,926 |
| Total Personal Banking | 16,982 |
| | 2,530 |
| | 2,626 |
| | 2,316 |
| | 934 |
| | 25,388 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 10,439 |
| | 3,012 |
| | 4,823 |
| | 251 |
| | 506 |
| | 19,031 |
| Commercial loans | 1,582 |
| | 859 |
| | 158 |
| | — |
| | — |
| | 2,599 |
| Total Commercial Banking | 12,021 |
| | 3,871 |
| | 4,981 |
| | 251 |
| | 506 |
| | 21,630 |
| | | | | | | | | | | | | Total | $ | 29,003 |
| | 6,401 |
| | 7,607 |
| | 2,567 |
| | 1,440 |
| | 47,018 |
| | | | | | | | | | | | | Percentage of total loans 90 or more days delinquent | 61.6 | % | | 13.6 | % | | 16.2 | % | | 5.5 | % | | 3.1 | % | | 100.0 | % |
| | (1) | Includes $3.8 million of purchased credit impaired loans considered accruing. |
|
Schedule of the evaluation of impaired loans by portfolio segment and by class of financing receivable |
The following table provides information related to the evaluation of impaired loans by portfolio segment and by class of financing receivable at September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | Loans collectively evaluated for impairment | | Loans individually evaluated for impairment | | Loans individually evaluated for impairment for which there is a related impairment reserve | | Related impairment reserve | | Loans individually evaluated for impairment for which there is no related reserve | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,810,996 |
| | 8,017 |
| | 8,017 |
| | 735 |
| | — |
| Home equity loans | 1,347,143 |
| | 1,962 |
| | 1,962 |
| | 471 |
| | — |
| Consumer loans | 628,438 |
| | 74 |
| | 74 |
| | 17 |
| | — |
| Total Personal Banking | 4,786,577 |
| | 10,053 |
| | 10,053 |
| | 1,223 |
| | — |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,424,492 |
| | 40,189 |
| | 32,587 |
| | 3,636 |
| | 7,602 |
| Commercial loans | 525,006 |
| | 12,249 |
| | 12,249 |
| | 1,513 |
| | — |
| Total Commercial Banking | 2,949,498 |
| | 52,438 |
| | 44,836 |
| | 5,149 |
| | 7,602 |
| | | | | | | | | | | Total | $ | 7,736,075 |
| | 62,491 |
| | 54,889 |
| | 6,372 |
| | 7,602 |
|
The following table provides information related to the evaluation of impaired loans by portfolio segment and by class of financing receivable at December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | Loans collectively evaluated for impairment | | Loans individually evaluated for impairment | | Loans individually evaluated for impairment for which there is a related impairment reserve | | Related impairment reserve | | Loans individually evaluated for impairment for which there is no related reserve | Personal Banking: | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,733,741 |
| | 7,151 |
| | 7,151 |
| | 1,189 |
| | — |
| Home equity loans | 1,184,808 |
| | 2,298 |
| | 2,298 |
| | 605 |
| | — |
| Consumer loans | 520,159 |
| | 130 |
| | 130 |
| | 50 |
| | — |
| Total Personal Banking | 4,438,708 |
| | 9,579 |
| | 9,579 |
| | 1,844 |
| | — |
| | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,297,599 |
| | 53,835 |
| | 35,937 |
| | 2,675 |
| | 17,898 |
| Commercial loans | 411,342 |
| | 11,058 |
| | 7,673 |
| | 489 |
| | 3,385 |
| Total Commercial Banking | 2,708,941 |
| | 64,893 |
| | 43,610 |
| | 3,164 |
| | 21,283 |
| | | | | | | | | | | Total | $ | 7,147,649 |
| | 74,472 |
| | 53,189 |
| | 5,008 |
| | 21,283 |
|
|
Schedule of roll forward of troubled debt restructurings |
The following table provides a roll forward of troubled debt restructurings for the periods indicated (in thousands): | | | | | | | | | | | | | | | | For the quarters ended September 30, | | 2016 | | 2015 | | Number of contracts | | Amount | | Number of contracts | | Amount | Beginning TDR balance: | 230 |
| | $ | 49,113 |
| | 231 |
| | $ | 56,184 |
| New TDRs | 5 |
| | 245 |
| | 5 |
| | 2,273 |
| Re-modified TDRs | 1 |
| | 799 |
| | 1 |
| | 6,316 |
| Net paydowns | |
| | (1,781 | ) | | |
| | (7,096 | ) | Charge-offs: | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | 1 |
| | (60 | ) | Commercial real estate loans | — |
| | — |
| | 1 |
| | (5 | ) | Commercial loans | 1 |
| | (99 | ) | | — |
| | — |
| Paid-off loans: | |
| | |
| | |
| | |
| Residential mortgage loans | 3 |
| | (143 | ) | | — |
| | — |
| Home equity loans | 2 |
| | (264 | ) | | 2 |
| | (75 | ) | Commercial real estate loans | 8 |
| | (1,022 | ) | | 6 |
| | (8,122 | ) | Commercial loans | 3 |
| | (253 | ) | | 2 |
| | (77 | ) | Ending TDR balance: | 218 |
| | $ | 46,595 |
| | 224 |
| | $ | 49,338 |
| | | | | | | | | Accruing TDRs | |
| | $ | 29,221 |
| | |
| | $ | 26,154 |
| Non-accrual TDRs | |
| | 17,374 |
| | |
| | 23,184 |
|
The following table provides a roll forward of troubled debt restructurings for the periods indicated (in thousands): | | | | | | | | | | | | | | | | For the nine months ended September 30, | | 2016 | | 2015 | | Number of contracts | | | | Number of contracts | | | Beginning TDR balance: | 227 |
| | $ | 51,115 |
| | 248 |
| | $ | 61,788 |
| New TDRs | 23 |
| | 5,256 |
| | 11 |
| | 2,772 |
| Re-modified TDRs | 5 |
| | 1,862 |
| | 3 |
| | 6,446 |
| Net paydowns | |
| | (4,685 | ) | | |
| | (11,537 | ) | Charge-offs: | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | 4 |
| | (159 | ) | Commercial real estate loans | — |
| | — |
| | 3 |
| | (28 | ) | Commercial loans | 2 |
| | (142 | ) | | 2 |
| | (387 | ) | Paid-off loans: | |
| | |
| | |
| | |
| Residential mortgage loans | 3 |
| | (143 | ) | | 1 |
| | (53 | ) | Home equity loans | 5 |
| | (496 | ) | | 3 |
| | (81 | ) | Commercial real estate loans | 16 |
| | (5,584 | ) | | 14 |
| | (9,127 | ) | Commercial loans | 6 |
| | (588 | ) | | 8 |
| | (296 | ) | Ending TDR balance: | 218 |
| | $ | 46,595 |
| | 224 |
| | $ | 49,338 |
| | | | | | | | | Accruing TDRs | |
| | $ | 29,221 |
| | |
| | $ | 26,154 |
| Non-accrual TDRs | |
| | 17,374 |
| | |
| | 23,184 |
|
|
Schedule of troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable |
The following table provides information related to troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable during the periods indicated (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the quarter ended September 30, 2016 | | For the nine months ended September 30, 2016 | | Number of contracts | | Recorded investment at the time of modification | | Current recorded investment | | Current allowance | | Number of contracts | | Recorded investment at the time of modification | | Current recorded investment | | Current allowance | Troubled debt restructurings: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 1 |
| | $ | 9 |
| | 8 |
| | 1 |
| | 6 |
| | $ | 1,041 |
| | 1,031 |
| | 105 |
| Home equity loans | 1 |
| | 3 |
| | 3 |
| | 1 |
| | 6 |
| | 284 |
| | 281 |
| | 60 |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | 2 |
| | 12 |
| | 11 |
| | 2 |
| | 12 |
| | 1,325 |
| | 1,312 |
| | 165 |
| | | | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | 154 |
| | 153 |
| | 11 |
| | 5 |
| | 2,250 |
| | 2,218 |
| | 295 |
| Commercial loans | 3 |
| | 878 |
| | 877 |
| | 64 |
| | 11 |
| | 3,543 |
| | 2,591 |
| | 632 |
| Total Commercial Banking | 4 |
| | 1,032 |
| | 1,030 |
| | 75 |
| | 16 |
| | 5,793 |
| | 4,809 |
| | 927 |
| | | | | | | | | | | | | | | | | Total | 6 |
| | $ | 1,044 |
| | 1,041 |
| | 77 |
| | 28 |
| | $ | 7,118 |
| | 6,121 |
| | 1,092 |
| | | | | | | | | | | | | | | | | Troubled debt restructurings modified within the previous twelve months that have subsequently defaulted: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | — |
| | $ | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | | | | | Commercial Banking | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | 6,256 |
| | 6,113 |
| | 893 |
| | — |
| | — |
| | — |
| | — |
| Commercial loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Commercial Banking | 1 |
| | 6,256 |
| | 6,113 |
| | 893 |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | | | | | Total | 1 |
| | $ | 6,256 |
| | 6,113 |
| | 893 |
| | — |
| | $ | — |
| | — |
| | — |
|
The following table provides information related to troubled debt restructurings (including re-modified TDRs) by portfolio segment and by class of financing receivable during the periods indicated (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the quarter ended September 30, 2015 | | For the nine months ended September 30, 2015 | | Number of contracts | | Recorded investment at the time of modification | | Current recorded investment | | Current allowance | | Number of contracts | | Recorded investment at the time of modification | | Current recorded investment | | Current allowance | Troubled debt restructurings: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | 4 |
| | $ | 232 |
| | 228 |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | 2 |
| | 87 |
| | 85 |
| | 17 |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | 6 |
| | 319 |
| | 313 |
| | 17 |
| | | | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 5 |
| | 8,563 |
| | 8,511 |
| | 980 |
| | 6 |
| | 8,575 |
| | 8,522 |
| | 981 |
| Commercial loans | 1 |
| | 26 |
| | 25 |
| | 3 |
| | 2 |
| | 324 |
| | 313 |
| | 31 |
| Total Commercial Banking | 6 |
| | 8,589 |
| | 8,536 |
| | 983 |
| | 8 |
| | 8,899 |
| | 8,835 |
| | 1,012 |
| | | | | | | | | | | | | | | | | Total | 6 |
| | $ | 8,589 |
| | 8,536 |
| | 983 |
| | 14 |
| | $ | 9,218 |
| | 9,148 |
| | 1,029 |
| | | | | | | | | | | | | | | | | Troubled debt restructurings modified within the previous twelve months that have subsequently defaulted: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | 1 |
| | $ | 251 |
| | 249 |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | 1 |
| | 23 |
| | 20 |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | 2 |
| | 274 |
| | 269 |
| | — |
| | | | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Commercial Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | | | | | Total | — |
| | $ | — |
| | — |
| | — |
| | 2 |
| | $ | 274 |
| | 269 |
| | — |
|
|
Schedule of troubled debt restructurings (including re-modified TDRs) by type of modification by portfolio segment and by class of financing receivable |
The following table provides information as of September 30, 2016 for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable for modifications during the quarter ended September 30, 2016 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | Type of modification | | | | Number of contracts | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 1 |
| | $ | — |
| | — |
| | 8 |
| | — |
| | 8 |
| Home equity loans | 1 |
| | — |
| | — |
| | 3 |
| | — |
| | 3 |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | 2 |
| | — |
| | — |
| | 11 |
| | — |
| | 11 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | — |
| | — |
| | 153 |
| | — |
| | 153 |
| Commercial loans | 3 |
| | — |
| | 799 |
| | 78 |
| | — |
| | 877 |
| Total Commercial Banking | 4 |
| | — |
| | 799 |
| | 231 |
| | — |
| | 1,030 |
| | | | | | | | | | | | | Total | 6 |
| | $ | — |
| | 799 |
| | 242 |
| | — |
| | 1,041 |
|
The following table provides information as of September 30, 2015 for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable for modifications during the quarter ended September 30, 2015 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | Type of modification | | | | Number of contracts | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 5 |
| | 180 |
| | — |
| | 8,331 |
| | — |
| | 8,511 |
| Commercial loans | 1 |
| | — |
| | — |
| | 25 |
| | — |
| | 25 |
| Total Commercial Banking | 6 |
| | 180 |
| | — |
| | 8,356 |
| | — |
| | 8,536 |
| | | | | | | | | | | | | Total | 6 |
| | $ | 180 |
| | — |
| | 8,356 |
| | — |
| | 8,536 |
|
The following table provides information as of September 30, 2016 for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable for modifications during the nine months ended September 30, 2016 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | Type of modification | | | | Number of contracts | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 6 |
| | $ | 361 |
| | — |
| | 622 |
| | 48 |
| | 1,031 |
| Home equity loans | 6 |
| | 121 |
| | — |
| | 3 |
| | 157 |
| | 281 |
| Other consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | 12 |
| | 482 |
| | — |
| | 625 |
| | 205 |
| | 1,312 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 5 |
| | — |
| | 429 |
| | 535 |
| | 1,254 |
| | 2,218 |
| Commercial loans | 11 |
| | — |
| | 799 |
| | 1,042 |
| | 750 |
| | 2,591 |
| Total Commercial Banking | 16 |
| | — |
| | 1,228 |
| | 1,577 |
| | 2,004 |
| | 4,809 |
| | | | | | | | | | | | | Total | 28 |
| | $ | 482 |
| | 1,228 |
| | 2,202 |
| | 2,209 |
| | 6,121 |
|
The following table provides information as of September 30, 2015 for troubled debt restructurings (including re-modified TDRs) by type of modification, by portfolio segment and class of financing receivable for modifications during the nine months ended September 30, 2015 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | Type of modification | | | | Number of contracts | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 4 |
| | $ | 73 |
| | — |
| | 110 |
| | 45 |
| | 228 |
| Home equity loans | 2 |
| | 83 |
| | — |
| | 2 |
| | — |
| | 85 |
| Other consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | 6 |
| | 156 |
| | — |
| | 112 |
| | 45 |
| | 313 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 6 |
| | 180 |
| | — |
| | 8,342 |
| | — |
| | 8,522 |
| Commercial loans | 2 |
| | — |
| | — |
| | 313 |
| | — |
| | 313 |
| Total Commercial Banking | 8 |
| | 180 |
| | — |
| | 8,655 |
| | — |
| | 8,835 |
| | | | | | | | | | | | | Total | 14 |
| | $ | 336 |
| | — |
| | 8,767 |
| | 45 |
| | 9,148 |
|
|
Schedule of re-modified troubled debt restructurings by portfolio segment and by class of financing receivable |
The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the quarter ended September 30, 2016 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Number of | | Type of re-modification | | | | re-modified TDRs | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial loans | 1 |
| | — |
| | 799 |
| | — |
| | — |
| | 799 |
| Total Commercial Banking | 1 |
| | — |
| | 799 |
| | — |
| | — |
| | 799 |
| | | | | | | | | | | | | Total | 1 |
| | $ | — |
| | 799 |
| | — |
| | — |
| | 799 |
|
The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the quarter ended September 30, 2015 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Number of | | Type of re-modification | | | | re-modified TDRs | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | — |
| | — |
| | 6,270 |
| | — |
| | 6,270 |
| Commercial loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Commercial Banking | 1 |
| | — |
| | — |
| | 6,270 |
| | — |
| | 6,270 |
| | | | | | | | | | | | | Total | 1 |
| | $ | — |
| | — |
| | 6,270 |
| | — |
| | 6,270 |
|
The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the nine months ended September 30, 2016 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Number of | | Type of re-modification | | | | re-modified TDRs | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | — |
| | $ | — |
| | — |
| | — |
| | — |
| | — |
| Home equity loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Other consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | — |
| | — |
| | — |
| | 182 |
| | 182 |
| Commercial loans | 4 |
| | — |
| | 1,662 |
| | — |
| | — |
| | 1,662 |
| Total Commercial Banking | 5 |
| | — |
| | 1,662 |
| | — |
| | 182 |
| | 1,844 |
| | | | | | | | | | | | | Total | 5 |
| | $ | — |
| | 1,662 |
| | — |
| | 182 |
| | 1,844 |
|
The following table provides information related to re-modified troubled debt restructurings by portfolio segment and by class of financing receivable for the nine months ended September 30, 2015 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | Number of | | Type of re-modification | | | | re-modified TDRs | | Rate | | Payment | | Maturity date | | Other | | Total | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 1 |
| | $ | — |
| | — |
| | — |
| | 45 |
| | 45 |
| Home equity loans | 1 |
| | 83 |
| | — |
| | — |
| | — |
| | 83 |
| Other consumer loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Personal Banking | 2 |
| | 83 |
| | — |
| | — |
| | 45 |
| | 128 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1 |
| | — |
| | — |
| | 6,270 |
| | — |
| | 6,270 |
| Commercial loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Total Commercial Banking | 1 |
| | — |
| | — |
| | 6,270 |
| | — |
| | 6,270 |
| | | | | | | | | | | | | Total | 3 |
| | $ | 83 |
| | — |
| | 6,270 |
| | 45 |
| | 6,398 |
|
|
Schedule of loan delinquencies |
The following table provides information related to loan payment delinquencies at September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | 30-59 Days delinquent | | 60-89 Days delinquent | | 90 Days or greater delinquent | | Total delinquency | | Current | | Total loans receivable | | 90 Days or greater delinquent and accruing (1) | Originated loans: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 3,322 |
| | 5,568 |
| | 12,855 |
| | 21,745 |
| | 2,654,908 |
| | 2,676,653 |
| | — |
| Home equity loans | 4,130 |
| | 910 |
| | 4,817 |
| | 9,857 |
| | 1,019,125 |
| | 1,028,982 |
| | — |
| Consumer loans | 6,565 |
| | 2,368 |
| | 3,163 |
| | 12,096 |
| | 432,418 |
| | 444,514 |
| | — |
| Total Personal Banking | 14,017 |
| | 8,846 |
| | 20,835 |
| | 43,698 |
| | 4,106,451 |
| | 4,150,149 |
| | — |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 3,432 |
| | 487 |
| | 16,698 |
| | 20,617 |
| | 2,025,146 |
| | 2,045,763 |
| | — |
| Commercial loans | 1,270 |
| | 443 |
| | 5,309 |
| | 7,022 |
| | 449,091 |
| | 456,113 |
| | — |
| Total Commercial Banking | 4,702 |
| | 930 |
| | 22,007 |
| | 27,639 |
| | 2,474,237 |
| | 2,501,876 |
| | — |
| Total originated loans | 18,719 |
| | 9,776 |
| | 42,842 |
| | 71,337 |
| | 6,580,688 |
| | 6,652,025 |
| | — |
| | | | | | | | | | | | | | | Acquired loans: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 58 |
| | 606 |
| | 623 |
| | 1,287 |
| | 141,073 |
| | 142,360 |
| | 235 |
| Home equity loans | 854 |
| | 235 |
| | 1,205 |
| | 2,294 |
| | 317,829 |
| | 320,123 |
| | 148 |
| Consumer loans | 1,018 |
| | 305 |
| | 209 |
| | 1,532 |
| | 182,466 |
| | 183,998 |
| | 18 |
| Total Personal Banking | 1,930 |
| | 1,146 |
| | 2,037 |
| | 5,113 |
| | 641,368 |
| | 646,481 |
| | 401 |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 423 |
| | 615 |
| | 7,835 |
| | 8,873 |
| | 410,045 |
| | 418,918 |
| | 2,378 |
| Commercial loans | 223 |
| | 151 |
| | 940 |
| | 1,314 |
| | 79,828 |
| | 81,142 |
| | 144 |
| Total Commercial Banking | 646 |
| | 766 |
| | 8,775 |
| | 10,187 |
| | 489,873 |
| | 500,060 |
| | 2,522 |
| Total acquired loans | 2,576 |
| | 1,912 |
| | 10,812 |
| | 15,300 |
| | 1,131,241 |
| | 1,146,541 |
| | 2,923 |
| | | | | | | | | | | | | | | Total loans | $ | 21,295 |
| | 11,688 |
| | 53,654 |
| | 86,637 |
| | 7,711,929 |
| | 7,798,566 |
| | 2,923 |
|
| | (1) | Represents acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing because we can reasonably estimate future cash flows on and expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value and their expected cash flows into interest income. |
The following table provides information related to loan payment delinquencies at December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | 30-59 Days delinquent | | 60-89 Days delinquent | | 90 Days or greater delinquent | | Total delinquency | | Current | | Total loans receivable | | 90 Days or greater delinquent and accruing (1) | Originated loans: | | | | | | | | | | | | | | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| | | Residential mortgage loans | $ | 25,503 |
| | 7,541 |
| | 15,564 |
| | 48,608 |
| | 2,646,568 |
| | 2,695,176 |
| | — |
| Home equity loans | 4,870 |
| | 1,836 |
| | 5,251 |
| | 11,957 |
| | 1,043,950 |
| | 1,055,907 |
| | — |
| Consumer loans | 6,092 |
| | 2,340 |
| | 2,857 |
| | 11,289 |
| | 306,344 |
| | 317,633 |
| | — |
| Total Personal Banking | 36,465 |
| | 11,717 |
| | 23,672 |
| | 71,854 |
| | 3,996,862 |
| | 4,068,716 |
| | — |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 22,212 |
| | 6,875 |
| | 14,942 |
| | 44,029 |
| | 1,891,128 |
| | 1,935,157 |
| | — |
| Commercial loans | 1,703 |
| | 598 |
| | 2,449 |
| | 4,750 |
| | 356,658 |
| | 361,408 |
| | — |
| Total Commercial Banking | 23,915 |
| | 7,473 |
| | 17,391 |
| | 48,779 |
| | 2,247,786 |
| | 2,296,565 |
| | — |
| Total originated loan | 60,380 |
| | 19,190 |
| | 41,063 |
| | 120,633 |
| | 6,244,648 |
| | 6,365,281 |
| | — |
| | | | | | | | | | | | | | | Acquired loans: | | | | | | | | | | | | | | Personal Banking: | | | | | | | | | | | | | | Residential mortgage loans | 440 |
| | 249 |
| | 786 |
| | 1,475 |
| | 44,241 |
| | 45,716 |
| | 540 |
| Home equity loans | 936 |
| | 642 |
| | 861 |
| | 2,439 |
| | 128,760 |
| | 131,199 |
| | 462 |
| Consumer loans | 1,009 |
| | 181 |
| | 69 |
| | 1,259 |
| | 201,397 |
| | 202,656 |
| | 26 |
| Total Personal Banking | 2,385 |
| | 1,072 |
| | 1,716 |
| | 5,173 |
| | 374,398 |
| | 379,571 |
| | 1,028 |
| | | | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 2,665 |
| | 1,353 |
| | 4,089 |
| | 8,107 |
| | 408,170 |
| | 416,277 |
| | 2,582 |
| Commercial loans | 1,165 |
| | — |
| | 150 |
| | 1,315 |
| | 59,677 |
| | 60,992 |
| | 140 |
| Total Commercial Banking | 3,830 |
| | 1,353 |
| | 4,239 |
| | 9,422 |
| | 467,847 |
| | 477,269 |
| | 2,722 |
| Total acquired loan | 6,215 |
| | 2,425 |
| | 5,955 |
| | 14,595 |
| | 842,245 |
| | 856,840 |
| | 3,750 |
| | | | | | | | | | | | | | | Total | $ | 66,595 |
| | 21,615 |
| | 47,018 |
| | 135,228 |
| | 7,086,893 |
| | 7,222,121 |
| | 3,750 |
|
(1) Represents acquired loans that were originally recorded at fair value upon acquisition. These loans are considered to be accruing because we can reasonably estimate future cash flows on and expect to fully collect the carrying value of these loans. Therefore, we are accreting the difference between the carrying value and their expected cash flows into interest income.
|
Schedule of credit quality indicators |
The following table sets forth information about credit quality indicators updated during the quarter ended September 30, 2016 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pass | | Special mention | | Substandard | | Doubtful | | Loss | | Total loans receivable | Originated loans: | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,659,867 |
| | — |
| | 16,786 |
| | — |
| | — |
| | 2,676,653 |
| Home equity loans | 1,021,191 |
| | — |
| | 7,791 |
| | — |
| | — |
| | 1,028,982 |
| Consumer loans | 441,552 |
| | — |
| | 2,962 |
| | — |
| | — |
| | 444,514 |
| Total Personal Banking | 4,122,610 |
| | — |
| | 27,539 |
| | — |
| | — |
| | 4,150,149 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1,884,719 |
| | 45,458 |
| | 115,572 |
| | 14 |
| | — |
| | 2,045,763 |
| Commercial loans | 404,365 |
| | 11,690 |
| | 37,157 |
| | 2,901 |
| | — |
| | 456,113 |
| Total Commercial Banking | 2,289,084 |
| | 57,148 |
| | 152,729 |
| | 2,915 |
| | — |
| | 2,501,876 |
| Total originated loans | 6,411,694 |
| | 57,148 |
| | 180,268 |
| | 2,915 |
| | — |
| | 6,652,025 |
| | | | | | | | | | | | | Acquired loans: | |
| | |
| | |
| | |
| | |
| | |
| Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | 140,553 |
| | — |
| | 1,807 |
| | — |
| | — |
| | 142,360 |
| Home equity loans | 317,452 |
| | — |
| | 2,671 |
| | — |
| | — |
| | 320,123 |
| Consumer loans | 183,333 |
| | — |
| | 665 |
| | — |
| | — |
| | 183,998 |
| Total Personal Banking | 641,338 |
| | — |
| | 5,143 |
| | — |
| | — |
| | 646,481 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 381,097 |
| | 16,305 |
| | 21,516 |
| | — |
| | — |
| | 418,918 |
| Commercial loans | 74,956 |
| | 3,017 |
| | 3,169 |
| | — |
| | — |
| | 81,142 |
| Total Commercial Banking | 456,053 |
| | 19,322 |
| | 24,685 |
| | — |
| | — |
| | 500,060 |
| Total acquired loans | 1,097,391 |
| | 19,322 |
| | 29,828 |
| | — |
| | — |
| | 1,146,541 |
| | | | | | | | | | | | | Total loans | $ | 7,509,085 |
| | 76,470 |
| | 210,096 |
| | 2,915 |
| | — |
| | 7,798,566 |
|
The following table sets forth information about credit quality indicators, which were updated during the year ended December 31, 2015 (in thousands): | | | | | | | | | | | | | | | | | | | | | Pass | | Special mention | | Substandard | | Doubtful | | Loss | | Total loans receivable | Originated loans: | | | | | | | | | | | | Personal Banking: | |
| | |
| | |
| | |
| | |
| | |
| Residential mortgage loans | $ | 2,680,562 |
| | — |
| | 13,274 |
| | — |
| | 1,340 |
| | 2,695,176 |
| Home equity loans | 1,048,397 |
| | — |
| | 7,510 |
| | — |
| | — |
| | 1,055,907 |
| Consumer loans | 315,159 |
| | — |
| | 2,474 |
| | — |
| | — |
| | 317,633 |
| Total Personal Banking | 4,044,118 |
| | — |
| | 23,258 |
| | — |
| | 1,340 |
| | 4,068,716 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 1,778,140 |
| | 46,518 |
| | 110,384 |
| | 115 |
| | — |
| | 1,935,157 |
| Commercial loans | 299,455 |
| | 23,023 |
| | 37,820 |
| | 1,110 |
| | — |
| | 361,408 |
| Total Commercial Banking | 2,077,595 |
| | 69,541 |
| | 148,204 |
| | 1,225 |
| | — |
| | 2,296,565 |
| Total originated loans | 6,121,713 |
| | 69,541 |
| | 171,462 |
| | 1,225 |
| | 1,340 |
| | 6,365,281 |
| | | | | | | | | | | | | Acquired loans: | | | | | | | | | | | | Personal Banking: | | | | | | | | | | | | Residential mortgage loans | 44,930 |
| | — |
| | 786 |
| | — |
| | — |
| | 45,716 |
| Home equity loans | 130,338 |
| | — |
| | 861 |
| | — |
| | — |
| | 131,199 |
| Consumer loans | 202,587 |
| | — |
| | 69 |
| | — |
| | — |
| | 202,656 |
| Total Personal Banking | 377,855 |
| | — |
| | 1,716 |
| | — |
| | — |
| | 379,571 |
| | | | | | | | | | | | | Commercial Banking: | |
| | |
| | |
| | |
| | |
| | |
| Commercial real estate loans | 392,811 |
| | 6,872 |
| | 16,594 |
| | — |
| | — |
| | 416,277 |
| Commercial loans | 59,948 |
| | 707 |
| | 337 |
| | — |
| | — |
| | 60,992 |
| Total Commercial Banking | 452,759 |
| | 7,579 |
| | 16,931 |
| | — |
| | — |
| | 477,269 |
| Total acquired loans | 830,614 |
| | 7,579 |
| | 18,647 |
| | — |
| | — |
| | 856,840 |
| | | | | | | | | | | | | Total | $ | 6,952,327 |
| | 77,120 |
| | 190,109 |
| | 1,225 |
| | 1,340 |
| | 7,222,121 |
|
|