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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Loans And Allowance For Loan Losses [Abstract]  
Summary Classification Of Held To Maturity Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at June 30, 2014 and December 31, 2013 are as follows:

(In thousands)
 
June 30, 2014
 
December 31, 2013
Commercial:
 
 
 
 
Business
 
$
4,095,253

 
$
3,715,319

Real estate – construction and land
 
442,093

 
406,197

Real estate – business
 
2,277,898

 
2,313,550

Personal Banking:
 
 
 
 
Real estate – personal
 
1,819,204

 
1,787,626

Consumer
 
1,637,841

 
1,512,716

Revolving home equity
 
423,566

 
420,589

Consumer credit card
 
760,289

 
796,228

Overdrafts
 
3,895

 
4,611

Total loans
 
$
11,460,039

 
$
10,956,836
Summary Of Activity In The Allowance For Loan Losses
A summary of the activity in the allowance for loan losses during the three and six months ended June 30, 2014 and 2013, respectively, follows:
 
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at beginning of period
$
97,881

$
63,651

$
161,532

 
$
94,189

$
67,343

$
161,532

Provision
486

7,069

7,555

 
4,553

12,662

17,215

Deductions:
 
 
 
 
 
 
 
   Loans charged off
1,218

11,752

12,970

 
2,348

24,503

26,851

   Less recoveries on loans
1,779

3,636

5,415

 
2,534

7,102

9,636

Net loan charge-offs (recoveries)
(561
)
8,116

7,555

 
(186
)
17,401

17,215

Balance June 30, 2014
$
98,928

$
62,604

$
161,532

 
$
98,928

$
62,604

$
161,532

Balance at beginning of period
$
99,821

$
68,211

$
168,032

 
$
105,725

$
66,807

$
172,532

Provision
(800
)
8,179

7,379

 
(7,390
)
18,054

10,664

Deductions:
 
 
 
 
 
 
 
   Loans charged off
2,261

12,430

14,691

 
2,966

24,231

27,197

   Less recoveries on loans
1,839

3,473

5,312

 
3,230

6,803

10,033

Net loan charge-offs (recoveries)
422

8,957

9,379

 
(264
)
17,428

17,164

Balance June 30, 2013
$
98,599

$
67,433

$
166,032

 
$
98,599

$
67,433

$
166,032
Allowance For Loan Losses And Related Loan Balance Disaggregated On The Basis Of Impairment Methodology
The following table shows the balance in the allowance for loan losses and the related loan balance at June 30, 2014 and December 31, 2013, disaggregated on the basis of impairment methodology. Impaired loans evaluated under ASC 310-10-35 include loans on non-accrual status, which are individually evaluated for impairment, and other impaired loans discussed below, which are deemed to have similar risk characteristics and are collectively evaluated. All other loans are collectively evaluated for impairment under ASC 450-20.
 
Impaired Loans
 
All Other Loans

(In thousands)
Allowance for Loan Losses
Loans Outstanding
 
Allowance for Loan Losses
Loans Outstanding
June 30, 2014
 
 
 
 
 
Commercial
$
8,274

$
76,834

 
$
90,654

$
6,738,410

Personal Banking
2,461

27,891

 
60,143

4,616,904

Total
$
10,735

$
104,725

 
$
150,797

$
11,355,314

December 31, 2013
 
 
 
 
 
Commercial
$
8,476

$
78,516

 
$
85,713

$
6,356,550

Personal Banking
2,424

29,120

 
64,919

4,492,650

Total
$
10,900

$
107,636

 
$
150,632

$
10,849,200
Investment In Impaired Loans

The table below shows the Company’s investment in impaired loans at June 30, 2014 and December 31, 2013. These loans consist of all loans on non-accrual status and other restructured loans whose terms have been modified and classified as troubled debt restructurings under ASC 310-40. These restructured loans are performing in accordance with their modified terms, and because the Company believes it probable that all amounts due under the modified terms of the agreements will be collected, interest on these loans is being recognized on an accrual basis. They are discussed further in the "Troubled debt restructurings" section on page 13.
(In thousands)
 
June 30, 2014
 
Dec. 31, 2013
Non-accrual loans
 
$
43,260

 
$
48,814

Restructured loans (accruing)
 
61,465

 
58,822

Total impaired loans
 
$
104,725

 
$
107,636
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 2014 and December 31, 2013, segregated between loans for which an allowance for credit losses has been provided and loans for which no allowance has been provided.


(In thousands)
Recorded Investment
Unpaid Principal
Balance
 Related
Allowance
June 30, 2014
 
 
 
With no related allowance recorded:
 
 
 
Business
$
8,673

$
10,709

$
—

Real estate – construction and land
7,058

14,876

—

Real estate – business
1,914

2,223

—

 
$
17,645

$
27,808

$
—

With an allowance recorded:
 
 
 
Business
$
27,014

$
28,858

$
3,720

Real estate – construction and land
13,762

15,893

1,829

Real estate – business
18,413

27,780

2,725

Real estate – personal
10,512

13,684

1,129

Consumer
5,448

6,135

158

Revolving home equity
560

560

2

Consumer credit card
11,371

11,371

1,172

 
$
87,080

$
104,281

$
10,735

Total
$
104,725

$
132,089

$
10,735

December 31, 2013
 
 
 
With no related allowance recorded:
 
 
 
Business
$
7,969

$
9,000

$
—

Real estate – construction and land
8,766

16,067

—

Real estate – business
4,089

6,417

—

Revolving home equity
2,191

2,741

—

 
$
23,015

$
34,225

$
—

With an allowance recorded:
 
 
 
Business
$
19,266

$
22,597

$
3,037

Real estate – construction and land
17,632

19,708

2,174

Real estate – business
20,794

29,287

3,265

Real estate – personal
10,425

13,576

1,361

Consumer
4,025

4,025

85

Revolving home equity
666

666

2

Consumer credit card
11,813

11,813

976

 
$
84,621

$
101,672

$
10,900

Total
$
107,636

$
135,897

$
10,900
Total Average Impaired Loans
Total average impaired loans for the three and six month periods ended June 30, 2014 and 2013, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2014
 
 
 
Non-accrual loans
$
35,908

$
7,131

$
43,039

Restructured loans (accruing)
40,167

20,745

60,912

Total
$
76,075

$
27,876

$
103,951

For the six months ended June 30, 2014
 
 
 
Non-accrual loans
$
38,093

$
7,347

$
45,440

Restructured loans (accruing)
39,285

21,086

60,371

Total
$
77,378

$
28,433

$
105,811

For the three months ended June 30, 2013
 
 
 
Non-accrual loans
$
36,384

$
4,949

$
41,333

Restructured loans (accruing)
41,053

25,141

66,194

Total
$
77,437

$
30,090

$
107,527

For the six months ended June 30, 2013
 
 
 
Non-accrual loans
$
38,733

$
5,501

$
44,234

Restructured loans (accruing)
39,854

26,210

66,064

Total
$
78,587

$
31,711

$
110,298
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 2014 and 2013 for impaired loans held at the end of each respective period. This interest all relates to accruing restructured loans, as discussed in the "Troubled debt restructurings" section on page 13.
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
2014
2013
 
2014
2013
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
181

$
141

 
$
361

$
282

Real estate – construction and land
142

215

 
283

430

Real estate – business
46

50

 
91

100

Real estate – personal
58

70

 
115

139

Consumer
71

91

 
142

182

Revolving home equity
7

10

 
14

19

Consumer credit card
228

253

 
456

506

Total
$
733

$
830

 
$
1,462

$
1,658
Aging Information On Past Due And Nonaccrual Loans
The following table provides aging information on the Company’s past due and accruing loans, in addition to the balances of loans on non-accrual status, at June 30, 2014 and December 31, 2013.




(In thousands)
Current or Less Than 30 Days Past Due

30 – 89
Days Past Due
90 Days Past Due and Still Accruing
Non-accrual



Total
June 30, 2014
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,077,664

$
5,873

$
623

$
11,093

$
4,095,253

Real estate – construction and land
423,589

10,031

275

8,198

442,093

Real estate – business
2,256,513

4,911

—

16,474

2,277,898

Personal Banking:
 
 
 
 
 
Real estate – personal
1,802,553

9,559

1,235

5,857

1,819,204

Consumer
1,621,468

13,377

1,358

1,638

1,637,841

Revolving home equity
421,186

1,465

915

—

423,566

Consumer credit card
744,410

8,656

7,223

—

760,289

Overdrafts
3,622

273

—

—

3,895

Total
$
11,351,005

$
54,145

$
11,629

$
43,260

$
11,460,039

December 31, 2013
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
3,697,589

$
5,467

$
671

$
11,592

$
3,715,319

Real estate – construction and land
386,423

9,601

—

10,173

406,197

Real estate – business
2,292,385

1,340

47

19,778

2,313,550

Personal Banking:
 
 
 
 
 
Real estate – personal
1,771,231

9,755

1,560

5,080

1,787,626

Consumer
1,492,960

17,482

2,274

—

1,512,716

Revolving home equity
416,614

1,082

702

2,191

420,589

Consumer credit card
777,564

9,952

8,712

—

796,228

Overdrafts
4,315

296

—

—

4,611

Total
$
10,839,081

$
54,975

$
13,966

$
48,814

$
10,956,836
Credit Quality Of Commercial Loan Portfolio
The following table provides information about the credit quality of the Commercial loan portfolio, using the Company’s internal rating system as an indicator. The internal rating system is a series of grades reflecting management’s risk assessment, based on its analysis of the borrower’s financial condition. The “pass” category consists of a range of loan grades that reflect increasing, though still acceptable, risk. Movement of risk through the various grade levels in the “pass” category is monitored for early identification of credit deterioration. The “special mention” rating is applied to loans where the borrower exhibits negative financial trends due to borrower specific or systemic conditions that, if left uncorrected, threaten its capacity to meet its debt obligations. The borrower is believed to have sufficient financial flexibility to react to and resolve its negative financial situation. It is a transitional grade that is closely monitored for improvement or deterioration. The “substandard” rating is applied to loans where the borrower exhibits well-defined weaknesses that jeopardize its continued performance and are of a severity that the distinct possibility of default exists. Loans are placed on “non-accrual” when management does not expect to collect payments consistent with acceptable and agreed upon terms of repayment.
Commercial Loans


(In thousands)


Business
Real
 Estate-Construction
Real
Estate-
Business


Total
June 30, 2014
 
 
 
 
Pass
$
3,993,646

$
418,424

$
2,161,318

$
6,573,388

Special mention
52,297

1,392

44,600

98,289

Substandard
38,217

14,079

55,506

107,802

Non-accrual
11,093

8,198

16,474

35,765

Total
$
4,095,253

$
442,093

$
2,277,898

$
6,815,244

December 31, 2013
 
 
 
 
Pass
$
3,618,120

$
372,515

$
2,190,344

$
6,180,979

Special mention
61,916

1,697

53,079

116,692

Substandard
23,691

21,812

50,349

95,852

Non-accrual
11,592

10,173

19,778

41,543

Total
$
3,715,319

$
406,197

$
2,313,550

$
6,435,066
Summary Of Loans In The Personal Banking Portfolio Percentage Of Balances Outstanding
For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at June 30, 2014 and December 31, 2013 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2014
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.8
%
5.1
%
2.0
%
4.0
%
600 - 659
3.4

9.4

4.8

11.6

660 - 719
9.4

22.8

14.7

32.9

720 - 779
25.7

29.7

30.2

28.1

780 and over
59.7

33.0

48.3

23.4

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2013
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.7
%
5.4
%
2.1
%
4.1
%
600 - 659
3.3

10.1

7.3

11.7

660 - 719
10.3

23.4

15.0

32.9

720 - 779
25.8

28.3

28.5

27.9

780 and over
58.9

32.8

47.1

23.4

Total
100.0
%
100.0
%
100.0
%
100.0
%
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
The following table shows the outstanding balances of loans classified as troubled debt restructurings at June 30, 2014, in addition to the outstanding balances of these restructured loans which the Company considers to have been in default at any time during the past twelve months. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal.
(In thousands)
June 30, 2014
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
32,239

$
7,606

Real estate - construction and land
20,173

4,664

Real estate - business
6,013

23

Personal Banking:
 
 
Real estate - personal
6,435

446

Consumer
5,468

1,672

Revolving home equity
560

—

Consumer credit card
11,371

1,415

Total restructured loans
$
82,259

$
15,826