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Loans And Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2016
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 September 30, 2016 and December 31, 2015 are as follows:

(In thousands)
 
September 30, 2016
 
December 31, 2015
Commercial:
 
 
 
 
Business
 
$
4,770,883

 
$
4,397,893

Real estate – construction and land
 
800,545

 
624,070

Real estate – business
 
2,520,528

 
2,355,544

Personal Banking:
 
 
 
 
Real estate – personal
 
1,968,005

 
1,915,953

Consumer
 
1,972,969

 
1,924,365

Revolving home equity
 
417,591

 
432,981

Consumer credit card
 
760,022

 
779,744

Overdrafts
 
19,698

 
6,142

Total loans
 
$
13,230,241

 
$
12,436,692
Summary Of Activity In The Allowance For Loan Losses
A summary of the activity in the allowance for loan losses during the three and nine months ended September 30, 2016 and 2015, respectively, follows:
 
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
 
Commercial
Personal Banking

Total
 
Commercial
Personal Banking

Total
Balance at beginning of period
$
89,198

$
64,634

$
153,832

 
$
82,086

$
69,446

$
151,532

Provision
(1,411
)
8,674

7,263

 
4,309

21,609

25,918

Deductions:
 
 
 
 
 
 
 
   Loans charged off
291

11,872

12,163

 
2,465

35,633

38,098

   Less recoveries on loans
2,759

2,841

5,600

 
6,325

8,855

15,180

Net loan charge-offs (recoveries)
(2,468
)
9,031

6,563

 
(3,860
)
26,778

22,918

Balance September 30, 2016
$
90,255

$
64,277

$
154,532

 
$
90,255

$
64,277

$
154,532

Balance at beginning of period
$
86,329

$
65,203

$
151,532

 
$
89,622

$
66,910

$
156,532

Provision
(1,976
)
10,340

8,364

 
(6,089
)
25,630

19,541

Deductions:
 
 
 
 
 
 
 
   Loans charged off
903

11,321

12,224

 
3,035

34,194

37,229

   Less recoveries on loans
1,167

2,693

3,860

 
4,119

8,569

12,688

Net loan charge-offs (recoveries)
(264
)
8,628

8,364

 
(1,084
)
25,625

24,541

Balance September 30, 2015
$
84,617

$
66,915

$
151,532

 
$
84,617

$
66,915

$
151,532
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 September 30, 2016 and December 31, 2015, 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
September 30, 2016
 
 
 
 
 
Commercial
$
1,816

$
44,526

 
$
88,439

$
8,047,430

Personal Banking
1,253

20,594

 
63,024

5,117,691

Total
$
3,069

$
65,120

 
$
151,463

$
13,165,121

December 31, 2015
 
 
 
 
 
Commercial
$
1,927

$
43,027

 
$
80,159

$
7,334,480

Personal Banking
1,557

22,287

 
67,889

5,036,898

Total
$
3,484

$
65,314

 
$
148,048

$
12,371,378
Investment In Impaired Loans
The table below shows the Company’s investment in impaired loans at September 30, 2016 and December 31, 2015. 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. 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 14.
(In thousands)
 
Sept. 30, 2016
 
Dec. 31, 2015
Non-accrual loans
 
$
15,645

 
$
26,575

Restructured loans (accruing)
 
49,475

 
38,739

Total impaired loans
 
$
65,120

 
$
65,314
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at September 30, 2016 and December 31, 2015, 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
September 30, 2016
 
 
 
With no related allowance recorded:
 
 
 
Business
$
7,053

$
10,018

$
—

Real estate – construction and land
1,228

1,594

—

 
$
8,281

$
11,612

$
—

With an allowance recorded:
 
 
 
Business
$
28,369

$
30,171

$
1,284

Real estate – construction and land
214

219

18

Real estate – business
7,662

9,077

514

Real estate – personal
6,703

9,564

602

Consumer
5,537

5,537

66

Revolving home equity
636

646

18

Consumer credit card
7,718

7,718

567

 
$
56,839

$
62,932

$
3,069

Total
$
65,120

$
74,544

$
3,069

December 31, 2015
 
 
 
With no related allowance recorded:
 
 
 
Business
$
9,330

$
11,777

$
—

Real estate – construction and land
2,961

8,956

—

Real estate – business
4,793

6,264

—

Real estate – personal
373

373

—

 
$
17,457

$
27,370

$
—

With an allowance recorded:
 
 
 
Business
$
18,227

$
20,031

$
1,119

Real estate – construction and land
1,227

2,804

63

Real estate – business
6,489

9,008

745

Real estate – personal
7,667

10,530

831

Consumer
5,599

5,599

63

Revolving home equity
704

852

67

Consumer credit card
7,944

7,944

596

 
$
47,857

$
56,768

$
3,484

Total
$
65,314

$
84,138

$
3,484
Total Average Impaired Loans
Total average impaired loans for the three and nine month periods ended September 30, 2016 and 2015, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended September 30, 2016
 
 
 
Non-accrual loans
$
15,106

$
3,928

$
19,034

Restructured loans (accruing)
31,372

17,082

48,454

Total
$
46,478

$
21,010

$
67,488

For the nine months ended September 30, 2016
 
 
 
Non-accrual loans
$
19,387

$
4,336

$
23,723

Restructured loans (accruing)
29,117

17,359

46,476

Total
$
48,504

$
21,695

$
70,199

For the three months ended September 30, 2015
 
 
 
Non-accrual loans
$
21,119

$
5,179

$
26,298

Restructured loans (accruing)
13,399

18,221

31,620

Total
$
34,518

$
23,400

$
57,918

For the nine months ended September 30, 2015
 
 
 
Non-accrual loans
$
25,784

$
5,791

$
31,575

Restructured loans (accruing)
16,612

18,854

35,466

Total
$
42,396

$
24,645

$
67,041
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and nine month periods ended September 30, 2016 and 2015, respectively, 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 14.
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
2016
2015
 
2016
2015
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
277

$
63

 
$
830

$
188

Real estate – construction and land
2

22

 
7

66

Real estate – business
42

33

 
126

99

Real estate – personal
39

47

 
118

142

Consumer
89

87

 
267

261

Revolving home equity
7

6

 
22

17

Consumer credit card
174

186

 
522

558

Total
$
630

$
444

 
$
1,892

$
1,331
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 September 30, 2016 and December 31, 2015.




(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
September 30, 2016
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,758,519

$
3,100

$
506

$
8,758

$
4,770,883

Real estate – construction and land
794,731

2,357

2,147

1,310

800,545

Real estate – business
2,513,270

5,011

327

1,920

2,520,528

Personal Banking:
 
 
 
 
 
Real estate – personal
1,954,889

6,901

2,581

3,634

1,968,005

Consumer
1,951,011

19,510

2,448

—

1,972,969

Revolving home equity
414,251

2,246

1,071

23

417,591

Consumer credit card
742,820

9,366

7,836

—

760,022

Overdrafts
19,254

444

—

—

19,698

Total
$
13,148,745

$
48,935

$
16,916

$
15,645

$
13,230,241

December 31, 2015
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,384,149

$
2,306

$
564

$
10,874

$
4,397,893

Real estate – construction and land
617,838

3,142

—

3,090

624,070

Real estate – business
2,340,919

6,762

—

7,863

2,355,544

Personal Banking:
 
 
 
 
 
Real estate – personal
1,901,330

7,117

3,081

4,425

1,915,953

Consumer
1,903,389

18,273

2,703

—

1,924,365

Revolving home equity
427,998

2,641

2,019

323

432,981

Consumer credit card
762,750

8,894

8,100

—

779,744

Overdrafts
5,834

308

—

—

6,142

Total
$
12,344,207

$
49,443

$
16,467

$
26,575

$
12,436,692
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
September 30, 2016
 
 
 
 
Pass
$
4,625,175

$
798,168

$
2,421,327

$
7,844,670

Special mention
76,105

860

46,281

123,246

Substandard
60,845

207

51,000

112,052

Non-accrual
8,758

1,310

1,920

11,988

Total
$
4,770,883

$
800,545

$
2,520,528

$
8,091,956

December 31, 2015
 
 
 
 
Pass
$
4,278,857

$
618,788

$
2,281,565

$
7,179,210

Special mention
49,302

1,033

15,009

65,344

Substandard
58,860

1,159

51,107

111,126

Non-accrual
10,874

3,090

7,863

21,827

Total
$
4,397,893

$
624,070

$
2,355,544

$
7,377,507
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 September 30, 2016 and December 31, 2015 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
September 30, 2016
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.4
%
4.2
%
1.2
%
4.0
%
600 - 659
3.0

8.5

3.8

11.9

660 - 719
10.3

21.0

13.2

31.4

720 - 779
24.8

26.5

28.1

28.4

780 and over
60.5

39.8

53.7

24.3

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2015
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.5
%
4.5
%
1.5
%
3.9
%
600 - 659
3.0

9.7

3.9

12.0

660 - 719
9.1

21.8

13.6

31.7

720 - 779
25.0

26.4

28.4

27.9

780 and over
61.4

37.6

52.6

24.5

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 September 30, 2016, 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)
September 30, 2016
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
34,227

$
—

Real estate - construction and land
784

676

Real estate - business
5,742

751

Personal Banking:
 
 
Real estate - personal
4,387

358

Consumer
5,560

62

Revolving home equity
613

67

Consumer credit card
7,718

537

Total restructured loans
$
59,031

$
2,451