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Loans And Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018 and December 31, 2017 are as follows:

(In thousands)
 
June 30, 2018
 
December 31, 2017
Commercial:
 
 
 
 
Business
 
$
4,990,298

 
$
4,958,554

Real estate – construction and land
 
967,151

 
968,820

Real estate – business
 
2,727,580

 
2,697,452

Personal Banking:
 
 
 
 
Real estate – personal
 
2,102,586

 
2,062,787

Consumer
 
2,012,644

 
2,104,487

Revolving home equity
 
374,557

 
400,587

Consumer credit card
 
775,214

 
783,864

Overdrafts
 
4,081

 
7,123

Total loans
 
$
13,954,111

 
$
13,983,674
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, 2018 and 2017, 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
$
93,065

$
66,467

$
159,532

 
$
93,704

$
65,828

$
159,532

Provision
485

9,558

10,043

 
(409
)
20,848

20,439

Deductions:
 
 
 
 
 
 
 
   Loans charged off
362

13,323

13,685

 
728

26,688

27,416

   Less recoveries on loans
663

2,979

3,642

 
1,284

5,693

6,977

Net loan charge-offs (recoveries)
(301
)
10,344

10,043

 
(556
)
20,995

20,439

Balance June 30, 2018
$
93,851

$
65,681

$
159,532

 
$
93,851

$
65,681

$
159,532

Balance at beginning of period
$
92,951

$
64,881

$
157,832

 
$
91,361

$
64,571

$
155,932

Provision
(111
)
10,869

10,758

 
1,002

20,884

21,886

Deductions:
 
 
 
 
 
 
 
   Loans charged off
531

13,415

13,946

 
1,077

25,745

26,822

   Less recoveries on loans
430

2,758

3,188

 
1,453

5,383

6,836

Net loan charge-offs (recoveries)
101

10,657

10,758

 
(376
)
20,362

19,986

Balance June 30, 2017
$
92,739

$
65,093

$
157,832

 
$
92,739

$
65,093

$
157,832
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, 2018 and December 31, 2017, disaggregated on the basis of impairment methodology. Impaired loans evaluated under Accounting Standards Codification (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, 2018
 
 
 
 
 
Commercial
$
2,631

$
90,724

 
$
91,220

$
8,594,305

Personal Banking
919

18,172

 
64,762

5,250,910

Total
$
3,550

$
108,896

 
$
155,982

$
13,845,215

December 31, 2017
 
 
 
 
 
Commercial
$
3,067

$
92,613

 
$
90,637

$
8,532,213

Personal Banking
1,176

22,182

 
64,652

5,336,666

Total
$
4,243

$
114,795

 
$
155,289

$
13,868,879
Investment In Impaired Loans
The table below shows the Company’s investment in impaired loans at June 30, 2018 and December 31, 2017. 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 15.
(In thousands)
 
June 30, 2018
 
Dec. 31, 2017
Non-accrual loans
 
$
9,472

 
$
11,983

Restructured loans (accruing)
 
99,424

 
102,812

Total impaired loans
 
$
108,896

 
$
114,795
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at June 30, 2018 and December 31, 2017, 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, 2018
 
 
 
With no related allowance recorded:
 
 
 
Business
$
4,946

$
8,936

$
—

Real estate – business
1,210

1,300

—

 
$
6,156

$
10,236

$
—

With an allowance recorded:
 
 
 
Business
$
70,871

$
71,157

$
2,090

Real estate – construction and land
1,342

1,346

39

Real estate – business
12,355

12,928

502

Real estate – personal
5,707

8,134

295

Consumer
5,464

5,464

52

Revolving home equity
114

114

11

Consumer credit card
6,887

6,887

561

 
$
102,740

$
106,030

$
3,550

Total
$
108,896

$
116,266

$
3,550

December 31, 2017
 
 
 
With no related allowance recorded:
 
 
 
Business
$
5,356

$
9,000

$
—

Real estate – business
1,299

1,303

—

Consumer
779

817

—

 
$
7,434

$
11,120

$
—

With an allowance recorded:
 
 
 
Business
$
72,589

$
73,168

$
2,455

Real estate – construction and land
837

841

27

Real estate – business
12,532

13,071

585

Real estate – personal
9,126

11,914

532

Consumer
5,388

5,426

67

Revolving home equity
204

204

11

Consumer credit card
6,685

6,685

566

 
$
107,361

$
111,309

$
4,243

Total
$
114,795

$
122,429

$
4,243
Total Average Impaired Loans
Total average impaired loans for the three and six month periods ended June 30, 2018 and 2017, respectively, are shown in the table below.

(In thousands)
Commercial
Personal Banking
Total
Average Impaired Loans:
 
 
 
For the three months ended June 30, 2018
 
 
 
Non-accrual loans
$
7,676

$
2,005

$
9,681

Restructured loans (accruing)
81,832

17,122

98,954

Total
$
89,508

$
19,127

$
108,635

For the six months ended June 30, 2018
 
 
 
Non-accrual loans
$
8,097

$
2,464

$
10,561

Restructured loans (accruing)
80,552

17,943

98,495

Total
$
88,649

$
20,407

$
109,056

For the three months ended June 30, 2017
 
 
 
Non-accrual loans
$
9,867

$
4,539

$
14,406

Restructured loans (accruing)
34,765

15,780

50,545

Total
$
44,632

$
20,319

$
64,951

For the six months ended June 30, 2017
 
 
 
Non-accrual loans
$
10,238

$
4,027

$
14,265

Restructured loans (accruing)
33,333

15,991

49,324

Total
$
43,571

$
20,018

$
63,589
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and six month periods ended June 30, 2018 and 2017, respectively, for impaired loans held at the end of each period. This interest all relates to accruing restructured loans, as discussed in the "Troubled debt restructurings" section on page 15.
 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
2018
2017
 
2018
2017
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
821

$
319

 
$
1,641

$
637

Real estate – construction and land
22

1

 
44

2

Real estate – business
147

88

 
294

175

Real estate – personal
52

36

 
103

71

Consumer
82

80

 
164

159

Revolving home equity
1

6

 
2

12

Consumer credit card
159

145

 
317

289

Total
$
1,284

$
675

 
$
2,565

$
1,345
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, 2018 and December 31, 2017.




(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, 2018
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,983,337

$
1,404

$
443

$
5,114

$
4,990,298

Real estate – construction and land
963,654

3,492

—

5

967,151

Real estate – business
2,718,888

6,227

—

2,465

2,727,580

Personal Banking:
 
 
 
 
 
Real estate – personal
2,092,350

7,155

1,193

1,888

2,102,586

Consumer
1,985,195

25,096

2,353

—

2,012,644

Revolving home equity
372,865

708

984

—

374,557

Consumer credit card
758,230

8,504

8,480

—

775,214

Overdrafts
3,731

350

—

—

4,081

Total
$
13,878,250

$
52,936

$
13,453

$
9,472

$
13,954,111

December 31, 2017
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,949,148

$
3,085

$
374

$
5,947

$
4,958,554

Real estate – construction and land
967,321

1,473

21

5

968,820

Real estate – business
2,694,234

482

—

2,736

2,697,452

Personal Banking:
 
 
 
 
 
Real estate – personal
2,050,787

6,218

3,321

2,461

2,062,787

Consumer
2,067,025

32,674

3,954

834

2,104,487

Revolving home equity
397,349

1,962

1,276

—

400,587

Consumer credit card
764,568

10,115

9,181

—

783,864

Overdrafts
6,840

283

—

—

7,123

Total
$
13,897,272

$
56,292

$
18,127

$
11,983

$
13,983,674
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, 2018
 
 
 
 
Pass
$
4,771,613

$
954,492

$
2,648,144

$
8,374,249

Special mention
58,771

10,501

33,791

103,063

Substandard
154,800

2,153

43,180

200,133

Non-accrual
5,114

5

2,465

7,584

Total
$
4,990,298

$
967,151

$
2,727,580

$
8,685,029

December 31, 2017
 
 
 
 
Pass
$
4,740,013

$
955,499

$
2,593,005

$
8,288,517

Special mention
59,177

10,614

50,577

120,368

Substandard
153,417

2,702

51,134

207,253

Non-accrual
5,947

5

2,736

8,688

Total
$
4,958,554

$
968,820

$
2,697,452

$
8,624,826
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, 2018 and December 31, 2017 by FICO score.
   Personal Banking Loans
 
% of Loan Category
 
Real Estate - Personal
Consumer
Revolving Home Equity
Consumer Credit Card
June 30, 2018
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.1
%
3.2
%
.8
%
4.6
%
600 - 659
2.0

5.1

1.6

14.1

660 - 719
10.0

18.0

9.2

35.3

720 - 779
23.6

23.6

22.1

26.4

780 and over
63.3

50.1

66.3

19.6

Total
100.0
%
100.0
%
100.0
%
100.0
%
December 31, 2017
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.3
%
3.3
%
1.1
%
4.7
%
600 - 659
2.1

5.5

1.7

14.4

660 - 719
10.5

17.3

9.5

34.4

720 - 779
25.6

26.8

21.4

26.0

780 and over
60.5

47.1

66.3

20.5

Total
100.0
%
100.0
%
100.0
%
100.0
%
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
at June 30, 2018, 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, 2018
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
75,680

$
32

Real estate - construction and land
1,337

—

Real estate - business
12,311

—

Personal Banking:
 
 
Real estate - personal
4,787

303

Consumer
5,464

115

Revolving home equity
114

42

Consumer credit card
6,887

577

Total troubled debt restructurings
$
106,580

$
1,069
Additional Information about Troubled Debt Restructurings [Table Text Block]
(In thousands)
June 30, 2018
December 31, 2017
Accruing loans:
 
 
 
Non-market interest rates
$
86,906

$
88,588

 
Assistance programs
6,887

6,685

 
Bankruptcy non-affirmation
5,335

7,283

 
Other
296

256

Non-accrual loans
7,156

7,796

Total troubled debt restructurings
$
106,580

$
110,608