Loans And Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2018 and 2017 are as follows:

(In thousands)	2018		2017
Commercial:
Business	$	5,106,427	$	4,958,554
Real estate — construction and land	869,659		968,820
Real estate — business	2,875,788		2,697,452
Personal Banking:
Real estate — personal	2,127,083		2,062,787
Consumer	1,955,572		2,104,487
Revolving home equity	376,399		400,587
Consumer credit card	814,134		783,864
Overdrafts	15,236		7,123
Total loans	$	14,140,298	$	13,983,674

Loans To Directors And Executive Officers

Loans to directors and executive officers of the Parent and the Bank, and to their affiliates, are summarized as follows:

(In thousands)
Balance at January 1, 2018	$	47,225
Additions	127,253
Amounts collected	(128,540		)
Amounts written off	—
Balance, December 31, 2018	$	45,938

Summary Of Activity In The Allowance For Loan Losses

A summary of the activity in the allowance for losses during the previous three years follows:

(In thousands)	Commercial			Personal Banking		Total
Balance at December 31, 2015	$	82,086		$	69,446	$	151,532
Provision for loan losses	4,898			31,420		36,318
Deductions:
Loans charged off	3,258			47,720		50,978
Less recoveries	7,635			11,425		19,060
Net loans charged off (recoveries)	(4,377		)	36,295		31,918
Balance at December 31, 2016	91,361			64,571		155,932
Provision for loan losses	2,327			42,917		45,244
Deductions:
Loans charged off	2,538			52,641		55,179
Less recoveries	2,554			10,981		13,535
Net loans charged off (recoveries)	(16		)	41,660		41,644
Balance at December 31, 2017	93,704			65,828		159,532
Provision for loan losses	254			42,440		42,694
Deductions:
Loans charged off	3,164			52,657		55,821
Less recoveries	2,075			11,452		13,527
Net loans charged off (recoveries)	1,089			41,205		42,294
Balance at December 31, 2018	$	92,869		$	67,063	$	159,932

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 December 31, 2018 and 2017, 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 deemed to have similar risk characteristics, which 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
December 31, 2018
Commercial	$	1,780	$	61,496	$	91,089	$	8,790,378
Personal Banking	916		17,120		66,147		5,271,304
Total	$	2,696	$	78,616	$	157,236	$	14,061,682
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

(In thousands)	2018		2017
Non-accrual loans	$	12,536	$	11,983
Restructured loans (accruing)	66,080		102,812
Total impaired loans	$	78,616	$	114,795

Additional Information About Impaired Loans Held

The following table provides additional information about impaired loans held by the Company at December 31, 2018 and 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
December 31, 2018
With no related allowance recorded:
Business	$	8,725	$	14,477	$	—
	$	8,725	$	14,477	$	—
With an allowance recorded:
Business	$	40,286	$	40,582	$	1,223
Real estate – construction and land	416		421		11
Real estate – business	12,069		12,699		546
Real estate – personal	4,461		6,236		266
Consumer	5,510		5,510		38
Revolving home equity	40		40		1
Consumer credit card	7,109		7,109		611
	$	69,891	$	72,597	$	2,696
Total	$	78,616	$	87,074	$	2,696
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 during 2018 and 2017 are shown in the table below.

	2018						2017
(In thousands)	Commercial		Personal Banking		Total		Commercial		Personal Banking		Total
Average impaired loans:
Non-accrual loans	$	7,619	$	2,122	$	9,741	$	9,658	$	3,989	$	13,647
Restructured loans (accruing)	73,261		16,526		89,787		49,070		17,539		66,609
Total	$	80,880	$	18,648	$	99,528	$	58,728	$	21,528	$	80,256

Interest Income Recognized On Impaired Loans

The table below shows interest income recognized during the years ended December 31, 2018, 2017 and 2016 for impaired loans held at the end of each respective period. This interest relates to accruing restructured loans, as discussed previously.

	Years Ended December 31
(In thousands)	2018		2017		2016
Interest income recognized on impaired loans:
Business	$	2,219	$	3,135	$	1,064
Real estate – construction and land	25		41		2
Real estate – business	558		514		171
Real estate – personal	139		402		152
Consumer	305		307		339
Revolving home equity	3		10		31
Consumer credit card	746		673		722
Total	$	3,995	$	5,082	$	2,481

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 December 31, 2018 and 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
December 31, 2018
Commercial:
Business	$	5,086,912	$	10,057	$	473	$	8,985	$	5,106,427
Real estate – construction and land	867,692		1,963		—		4		869,659
Real estate – business	2,867,347		6,704		22		1,715		2,875,788
Personal Banking:
Real estate – personal	2,118,045		6,041		1,165		1,832		2,127,083
Consumer	1,916,320		35,608		3,644		—		1,955,572
Revolving home equity	374,830		875		694		—		376,399
Consumer credit card	792,334		11,140		10,660		—		814,134
Overdrafts	14,937		299		—		—		15,236
Total	$	14,038,417	$	72,687	$	16,658	$	12,536	$	14,140,298
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 attached to loans where the borrower exhibits material 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, as discussed in Note 1.

	Commercial Loans
(In thousands)	Business		Real Estate -Construction		Real Estate - Business		Total
December 31, 2018
Pass	$	4,915,042	$	866,527	$	2,777,374	$	8,558,943
Special mention	84,391		1,917		51,845		138,153
Substandard	98,009		1,211		44,854		144,074
Non-accrual	8,985		4		1,715		10,704
Total	$	5,106,427	$	869,659	$	2,875,788	$	8,851,874
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

The credit quality of Personal Banking loans is monitored primarily on the basis of aging/delinquency, and this information is provided in the table in the above section on "Delinquent and non-accrual loans". In addition, FICO scores are obtained and updated on a quarterly basis for most of the loans in the Personal Banking portfolio. The bank normally obtains a FICO score at the loan's origination and renewal dates, and updates are obtained on a quarterly basis. Excluded from the table below are certain personal real estate loans for which FICO scores are not obtained because the loans generally pertain to commercial customer activities and are often underwritten with other collateral considerations. These loans totaled $201.7 million at December 31, 2018 and $219.2 million at December 31, 2017. The table also excludes consumer loans related to the Company's patient healthcare loan program, which totaled $170.3 million at December 31, 2018 and $145.0 million at December 31, 2017. As the healthcare loans are guaranteed by the hospital, customer FICO scores are not obtained for these loans. The personal real estate loans and consumer loans excluded below totaled less than 8% of the Personal Banking portfolio. For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at December 31, 2018 and 2017 by FICO score.

	Personal Banking Loans
	% of Loan Category
	Real Estate - Personal		Consumer		Revolving Home Equity		Consumer Credit Card
December 31, 2018
FICO score:
Under 600	1.1	%	3.1	%	0.8	%	4.4	%
600 – 659	1.8		4.8		1.7		14.0
660 – 719	9.4		16.1		9.1		34.8
720 – 779	24.7		25.7		24.0		26.4
780 and over	63.0		50.3		64.4		20.4
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	%

Additional Information about Troubled Debt Restructurings [Table Text Block]

		December 31
(In thousands)		2018		2017
Accruing loans:
	Commercial	$	50,904	$	88,588
	Assistance programs	7,410		6,941
	Consumer bankruptcy	4,103		3,916
	Other consumer	3,663		3,367
Non-accrual loans		9,759		7,796
Total troubled debt restructurings		$	75,839	$	110,608

Outstanding Balance Of Loans Classified As Troubled Debt Restructurings

The table below shows the balance of troubled debt restructurings by loan classification at December 31, 2018, in addition to the period end 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)	December 31, 2018		Balance 90 days past due at any time during previous 12 months
Commercial:
Business	$	48,777	$	25
Real estate – construction and land	412		—
Real estate – business	10,355		—
Personal Banking:
Real estate – personal	3,636		158
Consumer	5,510		50
Revolving home equity	40		—
Consumer credit card	7,109		670
Total troubled debt restructurings	$	75,839	$	903