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

(In thousands)
 
September 30, 2018
 
December 31, 2017
Commercial:
 
 
 
 
Business
 
$
4,966,722

 
$
4,958,554

Real estate – construction and land
 
999,691

 
968,820

Real estate – business
 
2,726,042

 
2,697,452

Personal Banking:
 
 
 
 
Real estate – personal
 
2,120,672

 
2,062,787

Consumer
 
1,967,465

 
2,104,487

Revolving home equity
 
375,322

 
400,587

Consumer credit card
 
788,111

 
783,864

Overdrafts
 
11,534

 
7,123

Total loans
 
$
13,955,559

 
$
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 nine months ended September 30, 2018 and 2017, 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
$
93,851

$
65,681

$
159,532

 
$
93,704

$
65,828

$
159,532

Provision
411

9,588

9,999

 
2

30,436

30,438

Deductions:
 
 
 
 
 
 
 
   Loans charged off
485

12,515

13,000

 
1,213

39,203

40,416

   Less recoveries on loans
314

2,887

3,201

 
1,598

8,580

10,178

Net loan charge-offs (recoveries)
171

9,628

9,799

 
(385
)
30,623

30,238

Balance September 30, 2018
$
94,091

$
65,641

$
159,732

 
$
94,091

$
65,641

$
159,732

Balance at beginning of period
$
92,739

$
65,093

$
157,832

 
$
91,361

$
64,571

$
155,932

Provision
24

10,680

10,704

 
1,026

31,564

32,590

Deductions:
 
 
 
 
 
 
 
   Loans charged off
378

13,592

13,970

 
1,455

39,337

40,792

   Less recoveries on loans
651

2,615

3,266

 
2,104

7,998

10,102

Net loan charge-offs (recoveries)
(273
)
10,977

10,704

 
(649
)
31,339

30,690

Balance September 30, 2017
$
93,036

$
64,796

$
157,832

 
$
93,036

$
64,796

$
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 September 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
September 30, 2018
 
 
 
 
 
Commercial
$
2,746

$
91,119

 
$
91,345

$
8,601,336

Personal Banking
898

17,641

 
64,743

5,245,463

Total
$
3,644

$
108,760

 
$
156,088

$
13,846,799

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 September 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)
 
Sept. 30, 2018
 
Dec. 31, 2017
Non-accrual loans
 
$
8,369

 
$
11,983

Restructured loans (accruing)
 
100,391

 
102,812

Total impaired loans
 
$
108,760

 
$
114,795
Additional Information About Impaired Loans Held
The following table provides additional information about impaired loans held by the Company at September 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
September 30, 2018
 
 
 
With no related allowance recorded:
 
 
 
Business
$
4,871

$
8,936

$
—

 
$
4,871

$
8,936

$
—

With an allowance recorded:
 
 
 
Business
$
75,324

$
75,612

$
2,262

Real estate – construction and land
412

416

11

Real estate – business
10,512

11,112

473

Real estate – personal
5,177

7,347

274

Consumer
5,309

5,309

48

Revolving home equity
68

68

—

Consumer credit card
7,087

7,087

576

 
$
103,889

$
106,951

$
3,644

Total
$
108,760

$
115,887

$
3,644

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 nine month periods ended September 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 September 30, 2018
 
 
 
Non-accrual loans
$
7,477

$
1,862

$
9,339

Restructured loans (accruing)
83,493

16,409

99,902

Total
$
90,970

$
18,271

$
109,241

For the nine months ended September 30, 2018
 
 
 
Non-accrual loans
$
7,888

$
2,261

$
10,149

Restructured loans (accruing)
81,543

17,426

98,969

Total
$
89,431

$
19,687

$
109,118

For the three months ended September 30, 2017
 
 
 
Non-accrual loans
$
8,938

$
4,238

$
13,176

Restructured loans (accruing)
42,930

18,691

61,621

Total
$
51,868

$
22,929

$
74,797

For the nine months ended September 30, 2017
 
 
 
Non-accrual loans
$
9,800

$
4,098

$
13,898

Restructured loans (accruing)
36,567

16,901

53,468

Total
$
46,367

$
20,999

$
67,366
Interest Income Recognized On Impaired Loans
The table below shows interest income recognized during the three and nine month periods ended September 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 September 30
 
For the Nine Months Ended September 30
(In thousands)
2018
2017
 
2018
2017
Interest income recognized on impaired loans:
 
 
 
 
 
Business
$
939

$
473

 
$
2,817

$
1,418

Real estate – construction and land
6

10

 
19

30

Real estate – business
110

118

 
329

354

Real estate – personal
47

104

 
142

311

Consumer
79

79

 
238

236

Revolving home equity
2

7

 
6

20

Consumer credit card
129

162

 
386

486

Total
$
1,312

$
953

 
$
3,937

$
2,855
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, 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
September 30, 2018
 
 
 
 
 
Commercial:
 
 
 
 
 
Business
$
4,957,570

$
3,673

$
348

$
5,131

$
4,966,722

Real estate – construction and land
995,134

4,553

—

4

999,691

Real estate – business
2,708,294

16,281

—

1,467

2,726,042

Personal Banking:
 
 
 
 
 
Real estate – personal
2,110,198

7,571

1,136

1,767

2,120,672

Consumer
1,936,208

28,249

3,008

—

1,967,465

Revolving home equity
372,931

1,517

874

—

375,322

Consumer credit card
769,158

10,328

8,625

—

788,111

Overdrafts
11,199

335

—

—

11,534

Total
$
13,860,692

$
72,507

$
13,991

$
8,369

$
13,955,559

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
September 30, 2018
 
 
 
 
Pass
$
4,772,286

$
987,352

$
2,649,964

$
8,409,602

Special mention
40,307

11,474

29,016

80,797

Substandard
148,998

861

45,595

195,454

Non-accrual
5,131

4

1,467

6,602

Total
$
4,966,722

$
999,691

$
2,726,042

$
8,692,455

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 September 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
September 30, 2018
 
 
 
 
FICO score:
 
 
 
 
Under 600
1.0
%
3.2
%
1.0
%
4.4
%
600 - 659
2.0

4.9

1.8

14.2

660 - 719
9.2

18.3

9.5

35.3

720 - 779
25.4

25.8

23.4

26.6

780 and over
62.4

47.8

64.3

19.5

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 September 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)
September 30, 2018
Balance 90 days past due at any time during previous 12 months
Commercial:
 
 
Business
$
79,963

$
28

Real estate - construction and land
408

—

Real estate - business
9,045

—

Personal Banking:
 
 
Real estate - personal
4,342

292

Consumer
5,309

89

Revolving home equity
68

—

Consumer credit card
7,087

591

Total troubled debt restructurings
$
106,222

$
1,000
Additional Information about Troubled Debt Restructurings [Table Text Block]
(In thousands)
September 30, 2018
December 31, 2017
Accruing restructured loans:
 
 
 
Commercial
$
85,232

$
88,588

 
Assistance programs
7,386

6,941

 
Consumer bankruptcy
4,327

3,916

 
Other consumer
3,446

3,367

Non-accrual loans
5,831

7,796

Total troubled debt restructurings
$
106,222

$
110,608