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Allowance for Credit Losses and Credit Quality (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Rollforwards of the allowance for loan and lease losses The rollforwards of the allowance for credit losses were as follows:
(In thousands)
Consumer Loan Portfolio
 
Commercial Loan and Lease Portfolio
 
Total Allowance for Loan and Lease Losses
 
Reserve for Unfunded Lending Commitments(1)
 
Total Allowance for Credit Losses
At or For the Three Months Ended September 30, 2020
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
157,685

 
$
303,429

 
$
461,114

 
$
42,788

 
$
503,902

Charge-offs
(5,768
)
 
(26,467
)
 
(32,235
)
 
—

 
(32,235
)
Recoveries
3,698

 
3,961

 
7,659

 
—

 
7,659

Net (charge-offs) recoveries
(2,070
)
 
(22,506
)
 
(24,576
)
 
—

 
(24,576
)
Provision for credit losses(2)
(20,835
)
 
99,158

 
78,323

 
(8,659
)
 
69,664

Other
357

 
11

 
368

 
—

 
368

Balance, end of period
$
135,137

 
$
380,092


$
515,229

 
$
34,129

 
$
549,358

At or For the Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
70,711

 
$
75,792

 
$
146,503

 
$
1,936

 
$
148,439

Charge-offs
(14,098
)
 
(21,449
)
 
(35,547
)
 
—

 
(35,547
)
Recoveries
5,330

 
1,639

 
6,969

 
—

 
6,969

Net (charge-offs) recoveries
(8,768
)
 
(19,810
)
 
(28,578
)
 
—

 
(28,578
)
Provision for credit losses(2)
4,693

 
22,495

 
27,188

 
(342
)
 
26,846

Other(3)
(23,849
)
 
(46
)
 
(23,895
)
 
—

 
(23,895
)
Addition due to merger
—

 
—

 
—

 
1,867

 
1,867

Balance, end of period
$
42,787

 
$
78,431

 
$
121,218

 
$
3,461

 
$
124,679

At or For the Nine Months Ended September 30, 2020
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
28,572

 
$
84,480

 
$
113,052

 
$
3,528

 
$
116,580

Impact of CECL adoption
107,337

 
98,655

 
205,992

 
14,707

 
220,699

Adjusted balance, beginning of period
135,909

 
183,135

 
319,044

 
18,235

 
337,279

Charge-offs
(16,613
)
 
(40,309
)
 
(56,922
)
 
—

 
(56,922
)
Recoveries
12,035

 
11,439

 
23,474

 
—

 
23,474

Net (charge-offs) recoveries
(4,578
)
 
(28,870
)
 
(33,448
)
 
—

 
(33,448
)
Provision for credit losses(2)
3,449

 
225,990

 
229,439

 
15,894

 
245,333

Other
357

 
(163
)
 
194

 
—

 
194

Balance, end of period
$
135,137

 
$
380,092

 
$
515,229

 
$
34,129

 
$
549,358

At or For the Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 


Balance, beginning of period
$
80,017

 
$
77,429

 
$
157,446

 
$
1,428

 
$
158,874

Charge-offs
(43,922
)
 
(37,122
)
 
(81,044
)
 
—

 
(81,044
)
Recoveries
15,840

 
3,890

 
19,730

 
—

 
19,730

Net (charge-offs) recoveries
(28,082
)
 
(33,232
)
 
(61,314
)
 
—

 
(61,314
)
Provision for credit losses(2)
16,644

 
34,235

 
50,879

 
166

 
51,045

Other(3)
(25,792
)
 
(1
)
 
(25,793
)
 
—

 
(25,793
)
Addition due to merger
—

 
—

 
—

 
1,867

 
1,867

Balance, end of period
$
42,787

 
$
78,431

 
$
121,218

 
$
3,461

 
$
124,679

(1)
RULC is recognized within other liabilities.
(2)
As a result of the adoption of CECL, effective January 1, 2020, the provision for credit losses includes the provision for unfunded lending commitments that was previously included within other noninterest expense.
(3)
Primarily includes the transfer of the allowance for credit losses to loans and leases held-for-sale.
Rollforwards of the allowance for loan and lease losses The rollforwards of the allowance for credit losses were as follows:
(In thousands)
Consumer Loan Portfolio
 
Commercial Loan and Lease Portfolio
 
Total Allowance for Loan and Lease Losses
 
Reserve for Unfunded Lending Commitments(1)
 
Total Allowance for Credit Losses
At or For the Three Months Ended September 30, 2020
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
157,685

 
$
303,429

 
$
461,114

 
$
42,788

 
$
503,902

Charge-offs
(5,768
)
 
(26,467
)
 
(32,235
)
 
—

 
(32,235
)
Recoveries
3,698

 
3,961

 
7,659

 
—

 
7,659

Net (charge-offs) recoveries
(2,070
)
 
(22,506
)
 
(24,576
)
 
—

 
(24,576
)
Provision for credit losses(2)
(20,835
)
 
99,158

 
78,323

 
(8,659
)
 
69,664

Other
357

 
11

 
368

 
—

 
368

Balance, end of period
$
135,137

 
$
380,092


$
515,229

 
$
34,129

 
$
549,358

At or For the Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
70,711

 
$
75,792

 
$
146,503

 
$
1,936

 
$
148,439

Charge-offs
(14,098
)
 
(21,449
)
 
(35,547
)
 
—

 
(35,547
)
Recoveries
5,330

 
1,639

 
6,969

 
—

 
6,969

Net (charge-offs) recoveries
(8,768
)
 
(19,810
)
 
(28,578
)
 
—

 
(28,578
)
Provision for credit losses(2)
4,693

 
22,495

 
27,188

 
(342
)
 
26,846

Other(3)
(23,849
)
 
(46
)
 
(23,895
)
 
—

 
(23,895
)
Addition due to merger
—

 
—

 
—

 
1,867

 
1,867

Balance, end of period
$
42,787

 
$
78,431

 
$
121,218

 
$
3,461

 
$
124,679

At or For the Nine Months Ended September 30, 2020
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
28,572

 
$
84,480

 
$
113,052

 
$
3,528

 
$
116,580

Impact of CECL adoption
107,337

 
98,655

 
205,992

 
14,707

 
220,699

Adjusted balance, beginning of period
135,909

 
183,135

 
319,044

 
18,235

 
337,279

Charge-offs
(16,613
)
 
(40,309
)
 
(56,922
)
 
—

 
(56,922
)
Recoveries
12,035

 
11,439

 
23,474

 
—

 
23,474

Net (charge-offs) recoveries
(4,578
)
 
(28,870
)
 
(33,448
)
 
—

 
(33,448
)
Provision for credit losses(2)
3,449

 
225,990

 
229,439

 
15,894

 
245,333

Other
357

 
(163
)
 
194

 
—

 
194

Balance, end of period
$
135,137

 
$
380,092

 
$
515,229

 
$
34,129

 
$
549,358

At or For the Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 


Balance, beginning of period
$
80,017

 
$
77,429

 
$
157,446

 
$
1,428

 
$
158,874

Charge-offs
(43,922
)
 
(37,122
)
 
(81,044
)
 
—

 
(81,044
)
Recoveries
15,840

 
3,890

 
19,730

 
—

 
19,730

Net (charge-offs) recoveries
(28,082
)
 
(33,232
)
 
(61,314
)
 
—

 
(61,314
)
Provision for credit losses(2)
16,644

 
34,235

 
50,879

 
166

 
51,045

Other(3)
(25,792
)
 
(1
)
 
(25,793
)
 
—

 
(25,793
)
Addition due to merger
—

 
—

 
—

 
1,867

 
1,867

Balance, end of period
$
42,787

 
$
78,431

 
$
121,218

 
$
3,461

 
$
124,679

(1)
RULC is recognized within other liabilities.
(2)
As a result of the adoption of CECL, effective January 1, 2020, the provision for credit losses includes the provision for unfunded lending commitments that was previously included within other noninterest expense.
(3)
Primarily includes the transfer of the allowance for credit losses to loans and leases held-for-sale.
Allowance for loan and lease losses and balances by type of allowance methodology
The allowance for loan and lease losses and loans and leases outstanding by type of allowance methodology was as follows:
 
At December 31, 2019
(In thousands)
Consumer Loan Portfolio
 
Commercial Loan and Lease Portfolio
 
Total Loans and Leases
Allowance for loan and lease losses
 
 
 
 
 
Collectively evaluated for impairment
$
26,430

 
$
75,756

 
$
102,186

Individually evaluated for impairment
1,468

 
5,769

 
7,237

Loans acquired with deteriorated credit quality
674

 
2,955

 
3,629

Total
$
28,572

 
$
84,480

 
$
113,052

Loans and leases outstanding
 
 
 
 
 
Collectively evaluated for impairment
$
11,087,534

 
$
22,986,607

 
$
34,074,141

Individually evaluated for impairment
60,694

 
115,843

 
176,537

Loans acquired with deteriorated credit quality
72,895

 
173,891

 
246,786

Total
$
11,221,123

 
$
23,276,341

 
$
34,497,464
Information on impaired loans
The average balance of nonaccrual loans and leases and interest income recognized on nonaccrual loans and leases were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2020
 
2019
 
2020
 
2019
(In thousands)
Average Loan and Lease Balance(1)
 
Interest Income Recognized(1)
 
Average Loan and Lease Balance
 
Interest Income Recognized
 
Average Loan and Lease Balance(1)
 
Interest Income Recognized(1)
 
Average Loan and Lease Balance
 
Interest Income Recognized
Commercial loan and lease portfolio:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and industrial
$
119,338

 
$
2,544

 
$
36,761

 
$
40

 
$
97,153

 
$
6,212

 
$
40,550

 
$
162

Commercial real estate
63,885

 
2,452

 
13,531

 
35

 
49,993

 
5,982

 
15,518

 
97

Lease financing
30,390

 
31

 
12,195

 
55

 
26,489

 
102

 
9,748

 
116

Total commercial loan and lease portfolio
213,613

 
5,027

 
62,487

 
130

 
173,635

 
12,296

 
65,816

 
375

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
66,498

 
769

 
41,788

 
68

 
51,906

 
2,133

 
40,963

 
205

Home equity
49,872

 
3,000

 
35,991

 
79

 
44,023

 
3,283

 
32,476

 
174

Consumer installment
4,102

 
143

 
4,634

 
—

 
3,625

 
209

 
4,608

 
—

Total consumer loan portfolio
120,472

 
3,912

 
82,413

 
147

 
99,554

 
5,625

 
78,047

 
379

Total nonaccrual loans and leases
$
334,085

 
$
8,939

 
$
144,900

 
$
277

 
$
273,189

 
$
17,921

 
$
143,863

 
$
754


(1)
At January 1, 2020, $73.4 million of previously purchased credit impaired loans were reclassified to nonaccrual loans as a result of the adoption of CECL. Beginning January 1, 2020, interest income, including the related purchase accounting accretion and amortization is included related to these loans.
Information on impaired loans and leases at December 31, 2019 was as follows:
 
At December 31, 2019
(In thousands)
Unpaid Contractual Balance
 
Loan and Lease Balance
 
Related Allowance Recorded
Impaired loans and leases with an allowance recorded:
 

 
 

 
 

Commercial loan and lease portfolio:
 
 
 
 
 
Commercial and industrial
$
20,069

 
$
20,090

 
$
2,844

Commercial real estate
4,225

 
3,962

 
333

Lease financing
10,956

 
10,956

 
2,592

Total commercial loan and lease portfolio
35,250

 
35,008

 
5,769

Consumer loan portfolio:
 

 
 

 
 

Residential mortgage
24,297

 
22,250

 
1,030

Home equity
9,418

 
8,791

 
438

Total consumer loan portfolio
33,715

 
31,041

 
1,468

Total impaired loans and leases with an allowance recorded
68,965

 
66,049

 
7,237

Impaired loans and leases without an allowance recorded:
 

 
 

 
 

Commercial loan and lease portfolio:
 
 
 
 
 
Commercial and industrial
55,889

 
39,098

 
—

Commercial real estate
69,143

 
41,737

 
—

Total commercial loan and lease portfolio
125,032

 
80,835

 
—

Consumer loan portfolio:
 

 
 

 
 

Residential mortgage
31,142

 
22,594

 
—

Home equity
24,709

 
6,179

 
—

Consumer installment
2,095

 
880

 
—

Total consumer loan portfolio
57,946

 
29,653

 
—

Total impaired loans and leases without an allowance recorded
182,978

 
110,488

 
—

Total impaired loans and leases
$
251,943

 
$
176,537

 
$
7,237
Schedule of accruing and non-accruing loans and leases The Corporation's accruing and nonaccrual loans and leases were as follows:
(In thousands)
Current
 
30-89 Days Delinquent and Accruing
 
90 Days or More Delinquent and Accruing
 
Total
 Accruing
 
Nonaccrual(1)
 
Total
At September 30, 2020
 
 
 
 
 
 
 
 
 
 
 
Commercial loan and lease portfolio:
 

 
 

 
 

 
 
 
 

 
 
Commercial and industrial
$
11,357,324

 
$
56,320

 
$
3,101

 
$
11,416,745

 
$
140,492

 
$
11,557,237

Commercial real estate
9,492,853

 
63,981

 
244

 
9,557,078

 
70,252

 
9,627,330

Lease financing
2,648,447

 
30,652

 
3,564

 
2,682,663

 
42,023

 
2,724,686

Total commercial loan and lease portfolio
23,498,624

 
150,953

 
6,909

 
23,656,486

 
252,767

 
23,909,253

Consumer loan portfolio:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
5,700,715

 
22,954

 
1,347

 
5,725,016

 
65,235

 
5,790,251

Home equity
3,160,742

 
90,057

 
—

 
3,250,799

 
52,184

 
3,302,983

Consumer installment
1,329,989

 
4,680

 
—

 
1,334,669

 
6,535

 
1,341,204

Total consumer loan portfolio
10,191,446

 
117,691

 
1,347

 
10,310,484

 
123,954

 
10,434,438

Total
$
33,690,070

 
$
268,644

 
$
8,256

 
$
33,966,970

 
$
376,721

 
$
34,343,691

At December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Commercial loan and lease portfolio:
 

 
 

 
 

 
 
 
 

 
 
Commercial and industrial
$
11,283,832

 
$
29,780

 
$
331

 
$
11,313,943

 
$
53,812

 
$
11,367,755

Commercial real estate
8,993,360

 
10,291

 
1,440

 
9,005,091

 
29,735

 
9,034,826

Lease financing
2,662,354

 
24,657

 
1,901

 
2,688,912

 
10,957

 
2,699,869

Total commercial loan and lease portfolio
22,939,546

 
64,728

 
3,672

 
23,007,946

 
94,504

 
23,102,450

Consumer loan portfolio:
 

 
 

 
 

 
 

 
 

 
 

Residential mortgage
6,056,817

 
17,245

 
559

 
6,074,621

 
38,577

 
6,113,198

Home equity
3,434,771

 
22,568

 
—

 
3,457,339

 
35,863

 
3,493,202

Consumer installment
1,536,714

 
4,292

 
108

 
1,541,114

 
714

 
1,541,828

Total consumer loan portfolio
11,028,302

 
44,105

 
667

 
11,073,074

 
75,154

 
11,148,228

Purchased credit impaired loans(1)
217,206

 
3,843

 
25,737

 
246,786

 
—

 
246,786

Total
$
34,185,054

 
$
112,676

 
$
30,076

 
$
34,327,806

 
$
169,658

 
$
34,497,464

(1)
Prior to the adoption of CECL as of January 1, 2020, purchased credit impaired loans were not classified as nonaccrual loans because they were recorded at their net realizable value based on the principal and interest expected to be collected on the loans. At January 1, 2020, $73.4 million of previous purchased credit impaired loans were reclassified to nonaccrual loans as a result of the adoption of CECL.
Financing receivable credit quality indicators
The recorded investment of loans and leases by credit risk categories as of December 31, 2019 was as follows:
(In thousands)
Pass
 
Special Mention
 
Substandard
 
Total
At December 31, 2019
 
 
 
 
 
 
 
Commercial loan and lease portfolio:
 

 
 

 
 
 
 
Commercial and industrial
$
10,930,939

 
$
315,097

 
$
193,566

 
$
11,439,602

Commercial real estate
8,891,361

 
170,114

 
75,395

 
9,136,870

Lease financing
2,646,874

 
28,091

 
24,904

 
2,699,869

Total commercial loan and lease portfolio
22,469,174

 
513,302

 
293,865

 
23,276,341

Consumer loan portfolio:
 
 
 
 
 
 
 
Residential mortgage
6,135,096

 
565

 
44,144

 
6,179,805

Home equity
3,457,292

 
456

 
41,159

 
3,498,907

Consumer installment
1,541,524

 
—

 
887

 
1,542,411

Total consumer loan portfolio
11,133,912

 
1,021

 
86,190

 
11,221,123

Total loans and leases
$
33,603,086

 
$
514,323

 
$
380,055

 
$
34,497,464


The amortized cost basis of loans and leases by credit risk classifications and year of origination was as follows:
 
Amortized Cost Basis
(In thousands)
Term Loans and Leases by Origination Year
 
Revolving Loans and Leases(1)
 
Revolving Loans and Leases Converted to Term Loans and Leases(2)
 
 
At September 30, 2020
2020
 
2019
 
2018
 
2017
 
2016
 
2015 and Prior
 
 
 
Total
Commercial loan and lease portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pass
$
3,046,289

 
$
2,070,267

 
$
1,165,510

 
$
650,511

 
$
412,527

 
$
354,391

 
$
3,173,255

 
$
45,162

 
$
10,917,912

Special mention
9,996

 
55,414

 
34,345

 
44,613

 
14,564

 
13,127

 
142,520

 
—

 
314,579

Substandard
7,238

 
51,459

 
88,920

 
36,442

 
19,116

 
23,474

 
97,984

 
113

 
324,746

Total commercial and industrial
3,063,523

 
2,177,140

 
1,288,775

 
731,566

 
446,207

 
390,992

 
3,413,759

 
45,275

 
11,557,237

Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
930,314

 
2,152,099

 
1,932,737

 
1,371,335

 
784,174

 
1,672,418

 
—

 
—

 
8,843,077

Special mention
289

 
100,532

 
55,678

 
168,496

 
62,608

 
102,896

 
—

 
—

 
490,499

Substandard
1,056

 
5,129

 
34,754

 
119,637

 
43,004

 
90,174

 
—

 
—

 
293,754

Total commercial real estate
931,659

 
2,257,760

 
2,023,169

 
1,659,468

 
889,786

 
1,865,488

 
—

 
—

 
9,627,330

Lease financing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pass
718,133

 
797,020

 
449,720

 
270,567

 
143,098

 
47,280

 
31,963

 
172,653

 
2,630,434

Special mention
2,703

 
11,432

 
4,687

 
5,731

 
2,469

 
1,658

 
3,837

 
5,299

 
37,816

Substandard
5,428

 
11,672

 
15,082

 
9,305

 
5,501

 
5,926

 
418

 
3,104

 
56,436

Total lease financing
726,264

 
820,124

 
469,489

 
285,603

 
151,068

 
54,864

 
36,218

 
181,056

 
2,724,686

Total commercial
4,721,446

 
5,255,024

 
3,781,433

 
2,676,637

 
1,487,061

 
2,311,344

 
3,449,977

 
226,331

 
23,909,253

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pass
1,024,652

 
1,243,341

 
743,949

 
507,124

 
497,004

 
1,702,326

 
—

 
—

 
5,718,396

Special mention
—

 
—

 
—

 
—

 
161

 
214

 
—

 
—

 
375

Substandard
677

 
3,076

 
3,387

 
2,488

 
3,173

 
58,679

 
—

 
—

 
71,480

Total residential mortgage
1,025,329

 
1,246,417

 
747,336

 
509,612

 
500,338

 
1,761,219

 
—

 
—

 
5,790,251

Home equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pass
24,496

 
56,729

 
54,356

 
44,760

 
32,586

 
146,650

 
2,871,820

 
8,501

 
3,239,898

Substandard
698

 
1,753

 
580

 
483

 
569

 
7,181

 
50,379

 
1,442

 
63,085

Total home equity
25,194

 
58,482

 
54,936

 
45,243

 
33,155

 
153,831

 
2,922,199

 
9,943

 
3,302,983

Consumer installment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pass
198,591

 
407,891

 
211,270

 
209,484

 
141,032

 
139,869

 
26,018

 
70

 
1,334,225

Substandard
397

 
1,262

 
1,382

 
1,062

 
547

 
1,860

 
469

 
—

 
6,979

Total consumer installment
198,988

 
409,153

 
212,652

 
210,546

 
141,579

 
141,729

 
26,487

 
70

 
1,341,204

Total consumer
1,249,511

 
1,714,052

 
1,014,924

 
765,401

 
675,072

 
2,056,779

 
2,948,686

 
10,013

 
10,434,438

Total loans and leases
$
5,970,957

 
$
6,969,076

 
$
4,796,357

 
$
3,442,038

 
$
2,162,133

 
$
4,368,123

 
$
6,398,663

 
$
236,344

 
$
34,343,691

(1)
This balance includes $36.2 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease is provided over time, and additional amounts are required to be provided to the respective lessees in future accounting periods.
(2)
This balance includes $226.3 million of leased equipment that has been provided to lessees under certain master lease agreements. Under these agreements, the total amount of equipment included in each lease was provided over time, and all equipment required by the lease has been provided to the respective lessees in current or previous accounting periods.
Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
 
 
 
Amortized Cost Basis
(In thousands)
Term Loans and Leases by Origination Year
 
Revolving Loans and Leases
 
Revolving Loans and Leases Converted to Term Loans and Leases
 
 
At September 30, 2020
2020
 
2019
 
2018
 
2017
 
2016
 
2015 and Prior
 
 
 
Total
Commercial loan and lease portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
142

 
$
86

 
$
—

 
$
4

 
$
—

 
$
2,468

 
$
401

 
$
—

 
$
3,101

Commercial real estate
—

 
—

 
—

 
—

 
—

 
244

 
—

 
—

 
244

Lease financing
139

 
906

 
697

 
1,308

 
482

 
32

 
—

 
—

 
3,564

Total commercial loan and lease portfolio
281

 
992

 
697

 
1,312

 
482

 
2,744

 
401

 
—

 
6,909

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
85

 
134

 
—

 
—

 
—

 
1,128

 
—

 
—

 
1,347

Total consumer loan portfolio
85

 
134

 
—

 
—

 
—

 
1,128

 
—

 
—

 
1,347

Total 90 days or more delinquent and accruing
$
366

 
$
1,126

 
$
697

 
$
1,312

 
$
482

 
$
3,872

 
$
401

 
$
—

 
$
8,256


Nonaccrual loans and leases by year of origination were as follows:
 
 
 
Amortized Cost Basis
(In thousands)
Term Loans and Leases by Origination Year
 
Revolving Loans and Leases
 
Revolving Loans and Leases Converted to Term Loans and Leases
 
 
At September 30, 2020
2020
 
2019
 
2018
 
2017
 
2016
 
2015 and Prior
 
 
 
Total
Commercial loan and lease portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,739

 
$
38,211

 
$
34,112

 
$
17,978

 
$
12,395

 
$
16,424

 
$
17,629

 
$
4

 
$
140,492

Commercial real estate
—

 
1,079

 
11,937

 
11,618

 
8,810

 
36,808

 
—

 
—

 
70,252

Lease financing
1,810

 
9,695

 
12,289

 
7,204

 
4,532

 
4,863

 
100

 
1,530

 
42,023

Total commercial loan and lease portfolio
5,549

 
48,985

 
58,338

 
36,800

 
25,737

 
58,095

 
17,729

 
1,534

 
252,767

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
476

 
2,895

 
2,902

 
2,112

 
2,392

 
54,458

 
—

 
—

 
65,235

Home equity
675

 
1,604

 
458

 
341

 
211

 
4,502

 
43,360

 
1,033

 
52,184

Consumer installment
42

 
163

 
656

 
285

 
248

 
4,973

 
168

 
—

 
6,535

Total consumer loan portfolio
1,193

 
4,662

 
4,016

 
2,738

 
2,851

 
63,933

 
43,528

 
1,033

 
123,954

Total nonaccrual loans and leases
$
6,742

 
$
53,647

 
$
62,354

 
$
39,538

 
$
28,588

 
$
122,028

 
$
61,257

 
$
2,567

 
$
376,721
Schedule of TDR loans
The following table summarizes the TDR loans that defaulted during the periods presented that were modified during the respective reporting period or within one year of the beginning of the respective reporting period. The Corporation considers a loan to have defaulted when under the modified terms it becomes 90 or more days delinquent, has been transferred to nonaccrual status, has been charged down or has been transferred to other real estate owned or repossessed and returned assets.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2020
 
2019
 
2020
 
2019
Defaulted TDR loan balances modified during the applicable period
 
 
 
 
 
 
 
Commercial loan and lease portfolio:
 
 
 
 
 
 
 
Commercial and industrial
$
60

 
$
—

 
$
283

 
$
297

Consumer loan portfolio:
 

 
 

 
 

 
 

Residential mortgage
265

 
212

 
1,404

 
964

Home equity
170

 
82

 
426

 
328

Consumer installment
35

 
452

 
50

 
1,555

Total consumer loan portfolio
470

 
746

 
1,880

 
2,847

Defaulted TDR loan balances
$
530

 
$
746

 
$
2,163

 
$
3,144


e following table presents the recorded investment of loan modifications first classified as TDRs during the periods presented:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2020
 
2019
 
2020
 
2019
(In thousands)
Pre-modification Investment
 
Post-modification Investment
 
Pre-modification Investment
 
Post-modification Investment
 
Pre-modification Investment
 
Post-modification Investment
 
Pre-modification Investment
 
Post-modification Investment
Commercial loan and lease portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
5,378

 
$
5,344

 
$
—

 
$
—

 
$
10,742

 
$
10,709

 
$
—

 
$
—

Commercial real estate
29,735

 
29,735

 
—

 
—

 
32,267

 
32,177

 
31,518

 
31,518

Total commercial loan and lease portfolio
35,113

 
35,079

 
—

 
—

 
43,009

 
42,886

 
31,518

 
31,518

Consumer loan portfolio:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
4,994

 
4,994

 
1,724

 
1,723

 
10,423

 
10,423

 
4,023

 
4,016

Consumer installment
88

 
88

 
—

 
—

 
481

 
391

 
—

 
—

Home equity
2,796

 
2,796

 
1,115

 
1,115

 
4,553

 
4,494

 
3,589

 
3,577

Total consumer loan portfolio
7,878

 
7,878

 
2,839

 
2,838

 
15,457

 
15,308

 
7,612

 
7,593

Total
$
42,991

 
$
42,957

 
$
2,839

 
$
2,838

 
$
58,466

 
$
58,194

 
$
39,130

 
$
39,111


The following table presents TDR loans:
 
At September 30, 2020
 
At December 31, 2019
(In thousands)
Accruing
TDR Loans
 
Nonaccrual TDR Loans
 
Total
TDR Loans
 
Accruing
TDR Loans
 
Nonaccrual TDR Loans
 
Total
TDR Loans
Commercial loan and lease portfolio
$
36,947

 
$
13,250

 
$
50,197

 
$
12,986

 
$
5,356

 
$
18,342

Consumer loan portfolio
17,956

 
21,526

 
39,482

 
12,403

 
14,875

 
27,278

Total
$
54,903

 
$
34,776

 
$
89,679

 
$
25,389

 
$
20,231

 
$
45,620
Schedule of other real estate owned and repossessed and returned assets her real estate owned and repossessed and returned assets were as follows:
(In thousands)
At September 30, 2020
 
At December 31, 2019
Other real estate owned
$
35,554

 
$
34,256

Repossessed and returned assets
11,104

 
8,045

Consumer loans in process of foreclosure
14,555

 
17,758