Allowance for credit losses (Tables)

12 Months Ended

Dec. 31, 2012

Changes in the allowance for credit losses for the years ended December 31, 2012, 2011 and 2010 were as follows:


	Commercial, Financial, Leasing, etc.			Real Estate
2012	Commercial, Financial, Leasing, etc.			Commercial			Residential			Consumer			Unallocated		Total
	(In thousands)
Beginning balance	$	234,022		$	367,637		$	91,915		$	143,121		$	71,595	$	908,290
Provision for credit losses		42,510			5,211			34,864			119,235			2,180		204,000
Net charge-offs
Charge-offs		(41,148	)		(41,945	)		(44,314	)		(103,348	)		—		(230,755	)
Recoveries		11,375			6,198			6,342			20,410			—		44,325

Net charge-offs		(29,773	)		(35,747	)		(37,972	)		(82,938	)		—		(186,430	)

Ending balance	$	246,759		$	337,101		$	88,807		$	179,418		$	73,775	$	925,860

2011
Beginning balance	$	212,579		$	400,562		$	86,351		$	133,067		$	70,382	$	902,941
Provision for credit losses		66,240			44,404			57,081			101,062			1,213		270,000
Net charge-offs
Charge-offs		(55,021	)		(86,869	)		(58,351	)		(109,246	)		—		(309,487	)
Recoveries		10,224			9,540			6,834			18,238			—		44,836

Net charge-offs		(44,797	)		(77,329	)		(51,517	)		(91,008	)		—		(264,651	)

Ending balance	$	234,022		$	367,637		$	91,915		$	143,121		$	71,595	$	908,290

2010
Beginning balance	$	219,170		$	359,770		$	91,582		$	137,124		$	70,376	$	878,022
Provision for credit losses		58,438			159,023			52,960			97,573			6		368,000
Consolidation of loan securitization trust		—			—			2,752			—			—		2,752
Net charge-offs
Charge-offs		(91,650	)		(124,087	)		(71,016	)		(125,593	)		—		(412,346	)
Recoveries		26,621			5,856			10,073			23,963			—		66,513

Net charge-offs		(65,029	)		(118,231	)		(60,943	)		(101,630	)		—		(345,833	)

Ending balance	$	212,579		$	400,562		$	86,351		$	133,067		$	70,382	$	902,941

Impaired Loans and Leases

The following tables provide information with respect to loans and leases that were considered impaired as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011 and 2010.


	December 31, 2012						December 31, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With an allowance recorded:
Commercial, financial, leasing, etc.	$	127,282	$	149,534	$	33,829	$	118,538	$	145,510	$	48,674
Real estate:
Commercial		121,542		143,846		23,641		102,886		128,456		17,651
Residential builder and developer		115,306		216,218		25,661		159,293		280,869		52,562
Other commercial construction		73,544		76,869		6,836		20,234		24,639		3,836
Residential		103,451		121,819		3,521		101,882		119,498		4,420
Residential Alt-A		128,891		141,940		17,000		150,396		162,978		25,000
Consumer:
Home equity lines and loans		12,360		13,567		2,254		9,385		10,670		2,306
Automobile		49,210		49,210		14,273		53,710		53,710		11,468
Other		14,408		14,408		5,667		8,401		8,401		2,084

		745,994		927,411		132,682		724,725		934,731		168,001

With no related allowance recorded:
Commercial, financial, leasing, etc.		32,631		42,199		—		53,104		60,778		—
Real estate:
Commercial		78,380		100,337		—		71,636		91,118		—
Residential builder and developer		74,307		105,438		—		133,156		177,277		—
Other commercial construction		23,018		23,532		—		86,652		89,862		—
Residential		86,342		96,448		—		19,686		25,625		—
Residential Alt-A		31,354		58,768		—		34,356		60,942		—

		326,032		426,722		—		398,590		505,602		—

Total:
Commercial, financial, leasing, etc.	$	159,913	$	191,733	$	33,829	$	171,642	$	206,288	$	48,674
Real estate:
Commercial		199,922		244,183		23,641		174,522		219,574		17,651
Residential builder and developer		189,613		321,656		25,661		292,449		458,146		52,562
Other commercial construction		96,562		100,401		6,836		106,886		114,501		3,836
Residential		189,793		218,267		3,521		121,568		145,123		4,420
Residential Alt-A		160,245		200,708		17,000		184,752		223,920		25,000
Consumer:
Home equity lines and loans		12,360		13,567		2,254		9,385		10,670		2,306
Automobile		49,210		49,210		14,273		53,710		53,710		11,468
Other		14,408		14,408		5,667		8,401		8,401		2,084

Total	$	1,072,026	$	1,354,133	$	132,682	$	1,123,315	$	1,440,333	$	168,001

Interest Income Recognized on Loans

Year Ended December 31, 2012							Year Ended December 31, 2011
	Average Recorded Investment		Interest Income Recognized					Average Recorded Investment		Interest Income Recognized
	Average Recorded Investment		Total		Cash Basis			Average Recorded Investment		Total		Cash Basis
	(In thousands)
Commercial, financial, leasing, etc.	$	151,314	$	2,938	$	2,938		$	163,485	$	3,306	$	3,278
Real estate:
Commercial		185,171		2,834		2,834			189,837		2,060		1,985
Residential builder and developer		249,191		1,563		1,102			317,296		1,948		860
Other commercial construction		99,672		5,020		5,020			105,947		926		684
Residential		132,888		5,284		3,300			99,107		4,271		2,286
Residential Alt-A		171,546		7,175		2,226			196,161		7,713		1,965
Consumer:
Home equity lines and loans		11,322		663		179			11,428		681		106
Automobile		51,650		3,470		724			56,862		3,850		1,060
Other		11,028		472		197			5,006		273		89

Total	$	1,063,782	$	29,419	$	18,520		$	1,145,129	$	25,028	$	12,313


	Year Ended December 31, 2010
			Interest Income Recognized
	Average Recorded Investment		Total		Cash Basis
	(In thousands)
Commercial, financial, leasing, etc.	$	244,687	$	4,834	$	4,810
Real estate:
Commercial		240,123		1,983		1,740
Residential builder and developer		252,229		1,716		746
Other commercial construction		60,416		371		357
Residential		62,104		3,028		1,755
Residential Alt-A		220,589		8,397		1,758
Consumer:
Home equity lines and loans		11,807		790		202
Automobile		54,221		3,684		1,233
Other		3,165		243		48

Total	$	1,149,341	$	25,046	$	12,649

Summary of Loan Grades

The following table summarizes the loan grades applied to the various classes of the Company’s commercial and commercial real estate loans.


			Real Estate
	Commercial, Financial, Leasing, etc		Commercial		Residential Builder and Developer		Other Commercial Construction
	(In thousands)
December 31, 2012
Pass	$	16,889,753	$	21,275,182	$	922,141	$	2,307,436
Criticized accrual		735,292		804,132		85,520		186,843
Criticized nonaccrual		151,908		193,859		181,865		36,812

Total	$	17,776,953	$	22,273,173	$	1,189,526	$	2,531,091

December 31, 2011
Pass	$	14,869,636	$	19,089,252	$	1,085,970	$	2,254,609
Criticized accrual		701,202		999,085		140,787		282,399
Criticized nonaccrual		163,598		171,111		281,576		106,325

Total	$	15,734,436	$	20,259,448	$	1,508,333	$	2,643,333

Allocation of Allowance for Credit Losses on Basis of Company's Impairment Methodology

The allocation of the allowance for credit losses summarized on the basis of the Company’s impairment methodology was as follows:


	Commercial, Financial, Leasing, etc.		Real Estate
	Commercial, Financial, Leasing, etc.		Commercial		Residential		Consumer		Total
	(In thousands)
December 31, 2012
Individually evaluated for impairment	$	33,669	$	55,291	$	20,502	$	22,194	$	131,656
Collectively evaluated for impairment		212,930		280,789		66,684		156,661		717,064
Purchased impaired		160		1,021		1,621		563		3,365

Allocated	$	246,759	$	337,101	$	88,807	$	179,418		852,085

Unallocated										73,775

Total									$	925,860

December 31, 2011
Individually evaluated for impairment	$	48,517	$	71,784	$	29,420	$	15,858	$	165,579
Collectively evaluated for impairment		185,048		291,271		60,742		126,613		663,674
Purchased impaired		457		4,582		1,753		650		7,442

Allocated	$	234,022	$	367,637	$	91,915	$	143,121		836,695

Unallocated										71,595

Total									$	908,290

Recorded Investment in Loans and Leases on Basis of Company's Impairment Methodology

The recorded investment in loans and leases summarized on the basis of the Company’s impairment methodology was as follows:


	Commercial, Financial, Leasing, etc.		Real Estate
	Commercial, Financial, Leasing, etc.		Commercial		Residential		Consumer		Total
	(In thousands)
December 31, 2012
Individually evaluated for impairment	$	159,761	$	480,335	$	349,477	$	75,978	$	1,065,551
Collectively evaluated for impairment		17,599,755		25,123,758		10,854,591		11,480,188		65,058,292
Purchased impaired		17,437		389,697		36,769		3,211		447,114

Total	$	17,776,953	$	25,993,790	$	11,240,837	$	11,559,377	$	66,570,957


December 31, 2011
Individually evaluated for impairment	$	171,442	$	561,615	$	306,320	$	71,496	$	1,110,873
Collectively evaluated for impairment		15,539,232		23,281,585		7,560,104		11,950,849		58,331,770
Purchased impaired		23,762		567,914		56,741		4,945		653,362

Total	$	15,734,436	$	24,411,114	$	7,923,165	$	12,027,290	$	60,096,005