XML 52 R38.htm IDEA: XBRL DOCUMENT

Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2020

Allowance for Credit Losses

Schedule of activity in the allowance by class of loans and lease

Year Ended December 31, 2020

Commercial Lending

Residential Lending

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

Industrial

Estate

Construction

Financing

Mortgage

Line

Consumer

Unallocated

Total

Allowance for credit losses:

Balance at beginning of year

28,975

22,325

4,844

424

29,303

9,876

34,644

139

130,530

Adoption of ASU No. 2016-13

(16,105)

10,559

(1,803)

207

(2,793)

(4,731)

15,575

(139)

770

Charge-offs

(15,572)

(2,753)

(379)

—

(14)

(54)

(28,791)

—

(47,563)

Recoveries

5,005

615

200

—

216

167

10,499

—

16,702

Increase in Provision

22,408

27,377

7,177

2,667

13,749

1,905

32,732

—

108,015

Balance at end of year

24,711

58,123

10,039

3,298

40,461

7,163

64,659

—

208,454

Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology


	Year Ended December 31, 2019
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for credit losses:
Balance at beginning of year	$	34,501	$	19,725	$	5,813	$	432	$	44,906	$	35,813	$	528	$	141,718
Charge-offs		(2,718)		—		—		(24)		(438)		(32,807)		—		(35,987)
Recoveries		410		263		—		—		967		9,359		—		10,999
Increase (decrease) in Provision		(3,218)		2,337		(969)		16		(6,256)		22,279		(389)		13,800
Balance at end of year	$	28,975	$	22,325	$	4,844	$	424	$	39,179	$	34,644	$	139	$	130,530
Individually evaluated for impairment		46		27		—		—		130		—		—		203
Collectively evaluated for impairment		28,929		22,298		4,844		424		39,049		34,644		139		130,327
Loans and leases:
Individually evaluated for impairment	$	4,951	$	723	$	—	$	—	$	14,964	$	—	$	—	$	20,638
Collectively evaluated for impairment		2,738,291		3,463,230		519,241		202,483		4,647,211		1,620,556		—		13,191,012
Balance at end of year	$	2,743,242	$	3,463,953	$	519,241	$	202,483	$	4,662,175	$	1,620,556	$	—	$	13,211,650


	Year Ended December 31, 2018
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for credit losses:
Balance at beginning of year	$	34,006	$	18,044	$	6,817	$	611	$	42,852	$	31,249	$	3,674	$	137,253
Charge-offs		(778)		—		—		—		(165)		(26,630)		—		(27,573)
Recoveries		232		216		—		—		940		8,470		—		9,858
Increase (decrease) in Provision		1,041		1,465		(1,004)		(179)		1,279		22,724		(3,146)		22,180
Balance at end of year	$	34,501	$	19,725	$	5,813	$	432	$	44,906	$	35,813	$	528	$	141,718
Individually evaluated for impairment		108		32		—		—		396		—		—		536
Collectively evaluated for impairment		34,393		19,693		5,813		432		44,510		35,813		528		141,182
Loans and leases:
Individually evaluated for impairment	$	8,719	$	5,743	$	—	$	—	$	16,114	$	—	$	—	$	30,576
Collectively evaluated for impairment		3,200,041		2,985,040		626,757		147,769		4,423,504		1,662,504		—		13,045,615
Balance at end of year	$	3,208,760	$	2,990,783	$	626,757	$	147,769	$	4,439,618	$	1,662,504	$	—	$	13,076,191

Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments

Year Ended December 31, 2020

Commercial Lending

Residential Lending

Commercial

Home

and

Real

Lease

Residential

Equity

(dollars in thousands)

Industrial

Estate

Construction

Financing

Mortgage

Line

Consumer

Total

Reserve for unfunded commitments:

Balance at beginning of year

—

600

Adoption of ASU No. 2016-13

5,390

778

4,119

—

6,587

(581)

16,300

Increase (decrease) in Provision

6,329

550

4,918

—

(5)

1,865

13,703

Balance at end of year

11,719

1,328

9,037

—

8,452

30,603

Schedule of amortized cost basis by year of origination and credit quality indicator

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Amortized

(dollars in thousands)

2020

2019

2018

2017

2016

Prior

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

873,639

324,030

183,329

73,000

49,886

94,360

1,058,786

28,853

2,685,883

Special Mention

20,937

10,370

20,164

2,099

279

8,316

101,183

1,549

164,897

Substandard

23,804

2,023

2,568

677

4,063

8,113

33,775

250

75,273

Other ⁽¹⁾

13,142

13,426

9,246

5,337

1,867

280

50,156

—

93,454

Total Commercial and Industrial

931,522

349,849

215,307

81,113

56,095

111,069

1,243,900

30,652

3,019,507

Commercial Real Estate

Risk rating:

Pass

342,845

611,243

541,104

447,366

295,426

814,398

47,604

323

3,100,309

Special Mention

1,500

63,617

26,187

33,482

37,841

61,279

2,999

—

226,905

Substandard

3,964

18,983

3,779

10,615

18,083

9,511

—

64,964

Other ⁽¹⁾

—

498

—

498

Total Commercial Real Estate

344,374

678,824

586,274

484,627

343,882

894,258

60,114

323

3,392,676

Construction

Risk rating:

Pass

53,931

233,730

202,808

83,792

23,171

41,536

28,386

—

667,354

Special Mention

—

508

707

4,717

—

9,172

—

15,104

Substandard

—

541

1,840

521

989

—

3,891

Other ⁽¹⁾

16,578

16,393

7,775

3,685

1,800

2,656

583

—

49,470

Total Construction

70,509

250,631

211,831

94,034

25,492

54,353

28,969

—

735,819

Lease Financing

Risk rating:

Pass

79,064

60,717

13,669

17,207

3,010

61,266

—

234,933

Special Mention

950

892

311

1,300

351

295

—

4,099

Substandard

2,708

1,677

327

1,141

—

526

—

6,379

Total Lease Financing

82,722

63,286

14,307

19,648

3,361

62,087

—

245,411

Total Commercial Lending

1,429,127

1,342,590

1,027,719

679,422

428,830

1,121,767

1,332,983

30,975

7,393,413

(continued)

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

(continued)

Amortized

(dollars in thousands)

2020

2019

2018

2017

2016

Prior

Cost Basis

Total

Residential Lending

Residential Mortgage

FICO:

740 and greater

728,807

384,248

290,484

361,297

314,971

830,795

—

2,910,602

680 - 739

85,151

53,090

44,616

50,703

39,230

144,537

—

417,327

620 - 679

15,767

7,604

11,460

9,628

7,982

43,393

—

95,834

550 - 619

—

1,971

2,818

2,920

4,474

10,144

—

22,327

Less than 550

—

861

593

2,916

594

2,138

—

7,102

No Score ⁽³⁾

13,823

18,861

21,214

21,821

14,355

45,147

—

135,221

Other ⁽²⁾

21,011

15,860

18,540

22,677

9,550

13,426

578

163

101,805

Total Residential Mortgage

864,559

482,495

389,725

471,962

391,156

1,089,580

578

163

3,690,218

Home Equity Line

FICO:

740 and greater

—

608,282

2,163

610,445

680 - 739

—

159,886

3,155

163,041

620 - 679

—

44,005

1,571

45,576

550 - 619

—

11,644

884

12,528

Less than 550

—

5,159

330

5,489

No Score ⁽³⁾

—

4,545

—

4,545

Total Home Equity Line

—

833,521

8,103

841,624

Total Residential Lending

864,559

482,495

389,725

471,962

391,156

1,089,580

834,099

8,266

4,531,842

Consumer Lending

FICO:

740 and greater

113,373

122,965

99,678

54,691

24,029

6,034

114,748

275

535,793

680 - 739

83,316

90,853

66,143

36,426

16,358

4,985

76,391

773

375,245

620 - 679

40,469

48,904

33,917

24,705

11,144

3,788

36,622

1,221

200,770

550 - 619

9,125

20,274

17,693

15,126

7,825

2,883

12,980

1,458

87,364

Less than 550

3,017

10,139

9,189

6,517

3,123

1,118

5,261

799

39,163

No Score ⁽³⁾

339

103

109

—

33,854

356

34,835

Other ⁽²⁾

380

1,890

2,214

6,768

69,302

—

80,672

Total Consumer Lending

250,019

295,128

226,757

139,788

62,534

25,576

349,158

4,882

1,353,842

Total Loans and Leases

2,543,705

2,120,213

1,644,201

1,291,172

882,520

2,236,923

2,516,240

44,123

13,279,097

(1)	Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score.

(2)	Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating.

(3)	No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.

Schedule of revolving loans that were converted to term loans


	Year Ended
(dollars in thousands)	December 31, 2020
Commercial and industrial	$	35,760
Commercial real estate		310
Residential mortgage		296
Home equity line		13,569
Consumer		4,882
Total Revolving Loans Converted to Term Loans During the Year	$	54,817

Schedule of credit risk profiles by internally assigned grade for loans and leases


	December 31, 2019
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	2,585,908	$	3,327,659	$	515,993	$	201,461	$	6,631,021
Special mention		91,365		106,331		127		1,022		198,845
Substandard		65,969		29,963		3,121		—		99,053
Total	$	2,743,242	$	3,463,953	$	519,241	$	202,483	$	6,928,919

Schedule of credit risk profiles based on payment activity for loans and leases


	December 31, 2019
(dollars in thousands)	Residential Mortgage		Home Equity Line		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,759,799	$	886,879	$	219,046	$	1,016,142	$	347,264	$	6,229,130
Non-performing and delinquent		9,137		6,360		7,258		24,326		6,520		53,601
Total	$	3,768,936	$	893,239	$	226,304	$	1,040,468	$	353,784	$	6,282,731

Schedule of aging analyses of past due loans and leases

December 31, 2020

Past Due

Loans and

Greater

Leases Past

Than or

Due 90 Days

30-59

60-89

Equal to

or More and

Days

90 Days

Total

Total Loans

Still Accruing

(dollars in thousands)

Past Due

Current

and Leases

Interest

Commercial and industrial

2,585

604

2,626

5,815

3,013,692

3,019,507

2,108

Commercial real estate

2,568

963

3,606

3,389,070

3,392,676

882

Construction

779

376

2,137

3,292

732,527

735,819

Lease financing

—

245,411

—

Residential mortgage

3,382

4,125

3,372

10,879

3,679,339

3,690,218

—

Home equity line

1,375

743

4,818

6,936

834,688

841,624

4,818

Consumer

18,492

5,205

3,266

26,963

1,326,879

1,353,842

3,266

Total

26,688

13,621

17,182

57,491

13,221,606

13,279,097

11,167

As of December 31, 2019, the aging analysis of the Company’s past due loans and leases, presented in accordance with Topic 310, Receivables, was as follows:


	December 31, 2019
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	1,525	$	808	$	1,429	$	3,762	$	2,739,448	$	2,743,210	$	32	$	2,743,242
Commercial real estate		1,664		1,125		1,013		3,802		3,460,121		3,463,923		30		3,463,953
Construction		—		—		2,367		2,367		516,874		519,241		—		519,241
Lease financing		—		—		—		—		202,483		202,483		—		202,483
Residential mortgage		3,258		399		74		3,731		3,759,799		3,763,530		5,406		3,768,936
Home equity line		2,971		394		2,995		6,360		886,879		893,239		—		893,239
Consumer		26,810		7,022		4,272		38,104		1,582,452		1,620,556		—		1,620,556
Total	$	36,228	$	9,748	$	12,150	$	58,126	$	13,148,056	$	13,206,182	$	5,468	$	13,211,650

Schedule of amortized cost basis of loans and leases on nonaccrual status


	December 31, 2020				January 1, 2020
	Nonaccrual
	Loans
	and Leases
	With No		Nonaccrual		Nonaccrual
	Allowance		Loans		Loans
(dollars in thousands)	for Credit Losses		and Leases		and Leases
Commercial and industrial	$	—	$	518	$	32
Commercial real estate		—		80		30
Construction		1,840		2,043		—
Residential mortgage		1,316		6,441		5,406
Total Nonaccrual Loans and Leases	$	3,156	$	9,082	$	5,468

Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases


	December 31, 2019
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		ACL
Impaired loans with no related ACL recorded:
Commercial and industrial	$	3,825	$	3,841	$	—
Commercial real estate		30		30		—
Residential mortgage		10,425		10,718		—
Total	$	14,280	$	14,589	$	—
Impaired loans with a related ACL recorded:
Commercial and industrial	$	1,126	$	1,126	$	46
Commercial real estate		693		693		27
Residential mortgage		4,539		4,819		130
Total	$	6,358	$	6,638	$	203
Total impaired loans:
Commercial and industrial	$	4,951	$	4,967	$	46
Commercial real estate		723		723		27
Residential mortgage		14,964		15,537		130
Total	$	20,638	$	21,227	$	203

Schedule of average balances, and of interest income recognized from, impaired loans


	Year Ended
	December 31, 2019
	Average		Interest
	Recorded		Income
(dollars in thousands)	Investment		Recognized
Impaired loans with no related ACL recorded:
Commercial and industrial	$	3,687	$	431
Commercial real estate		2,825		481
Residential mortgage		8,777		440
Consumer		40		—
Total	$	15,329	$	1,352
Impaired loans with a related ACL recorded:
Commercial and industrial	$	4,485	$	85
Commercial real estate		710		40
Residential mortgage		6,413		339
Total	$	11,608	$	464
Total impaired loans:
Commercial and industrial	$	8,172	$	516
Commercial real estate		3,535		521
Residential mortgage		15,190		779
Consumer		40		—
Total	$	26,937	$	1,816


	Year Ended
	December 31, 2018
	Average		Interest
	Recorded		Income
(dollars in thousands)	Investment		Recognized
Impaired loans with no related ACL recorded:
Commercial and industrial	$	11,409	$	408
Commercial real estate		7,873		231
Construction		1,248		91
Residential mortgage		9,356		529
Total	$	29,886	$	1,259
Impaired loans with a related ACL recorded:
Commercial and industrial	$	3,154	$	273
Commercial real estate		942		67
Residential mortgage		7,369		335
Total	$	11,465	$	675
Total impaired loans:
Commercial and industrial	$	14,563	$	681
Commercial real estate		8,815		298
Construction		1,248		91
Residential mortgage		16,725		864
Total	$	41,351	$	1,934

Schedule of information related to loans modified in a TDR


	Year Ended December 31, 2020
	Number of	Recorded		Related
(dollars in thousands)	Contracts⁽¹⁾	Investment⁽²⁾		ACL
Commercial and industrial	1	$	500	$	30
Commercial real estate	3		6,470		470
Residential mortgage	1		825		90
Total	5	$	7,795	$	590


	Year Ended December 31, 2019
	Number of	Recorded		Related
(dollars in thousands)	Contracts⁽¹⁾	Investment⁽²⁾		ACL
Commercial and industrial	2	$	571	$	25
Residential mortgage	1		609		—
Total	3	$	1,180	$	25


	Year Ended December 31, 2018
	Number of	Recorded		Related
(dollars in thousands)	Contracts⁽¹⁾	Investment⁽²⁾		ACL
Commercial and industrial	1	$	369	$	10
Residential mortgage	3		875		29
Total	4	$	1,244	$	39

(1)	The number of contracts does not include TDRs that have been fully paid off, charged off or foreclosed upon by the end of the period.

(2)	The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off or foreclosed upon by the end of the period.

Schedule of TDRs that defaulted in period within 12 months of their permanent modification date



	Year Ended December 31,
	2020			2019			2018
	Number of	Recorded		Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts⁽¹⁾	Investment⁽²⁾		Contracts⁽¹⁾	Investment⁽²⁾		Contracts⁽¹⁾	Investment⁽²⁾
Commercial and industrial⁽³⁾	1	$	500	2	$	571	—	$	—
Total	1	$	500	2	$	571	—	$	—

(1)	The number of contracts does not include TDRs that have been fully paid off, charged off or foreclosed upon by the end of the period.

(2)	The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off or foreclosed upon by the end of the period.

(3)	In 2020, the maturity date for the commercial and industrial loan that subsequently defaulted was extended. In 2019, the commercial and industrial loans that subsequently defaulted were temporarily modified to interest-only payments.