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Allowance for Loan Losses (Tables)
6 Months Ended
Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Rollforward Of The Allowance For Loan Losses By Portfolio Segment
The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2020 and 2019:
(Dollars in thousands)
 
C&I
 
Commercial
Real Estate
 
Consumer
Real Estate (a)
 
Credit Card
and Other
 
Total
Balance as of April 1, 2020
 
$
254,516

 
$
47,625

 
$
123,022

 
$
19,327

 
$
444,490

Charge-offs
 
(18,201
)
 
(61
)
 
(1,968
)
 
(2,677
)
 
(22,907
)
Recoveries
 
1,073

 
156

 
3,987

 
1,082

 
6,298

Provision/(provision credit) for loan losses
 
81,334

 
9,565

 
18,716

 
385

 
110,000

Balance as of June 30, 2020
 
318,722

 
57,285

 
143,757

 
18,117

 
537,881

Balance as of January 1, 2020
 
122,486

 
36,112

 
28,443

 
13,266

 
200,307

Adoption of ASU 2016-13
 
18,782

 
(7,348
)
 
92,992

 
1,968

 
106,394

Charge-offs
 
(24,952
)
 
(642
)
 
(4,278
)
 
(6,488
)
 
(36,360
)
Recoveries
 
2,008

 
729

 
7,542

 
2,261

 
12,540

Provision/(provision credit) for loan loses
 
200,398

 
28,434

 
19,058

 
7,110

 
255,000

Balance as of June 30, 2020
 
318,722

 
57,285

 
143,757

 
18,117

 
537,881

Allowance - individually evaluated for impairment
 
16,577

 

 
13,275

 
352

 
30,204

Allowance - collectively evaluated for impairment
 
302,145

 
57,285

 
130,482

 
17,765

 
507,677

Loans, net of unearned as of June 30, 2020:
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment
 
140,526

 
160

 
148,543

 
688

 
289,917

  Collectively evaluated for impairment
 
21,253,367

 
4,813,181

 
5,903,850

 
448,622

 
32,419,020

Total loans, net of unearned income (b)
 
$
21,393,893

 
$
4,813,341

 
$
6,052,393

 
$
449,310

 
$
32,708,937

Balance as of April 1, 2019
 
$
103,713

 
$
34,382

 
$
34,154

 
$
12,662

 
$
184,911

Charge-offs
 
(6,590
)
 
(121
)
 
(1,714
)
 
(3,798
)
 
(12,223
)
Recoveries 
 
519

 
(88
)
 
5,525

 
1,105

 
7,061

Provision/(provision credit) for loan losses 
 
18,454

 
(1,220
)
 
(6,433
)
 
2,199

 
13,000

Balance as of June 30, 2019
 
116,096

 
32,953

 
31,532

 
12,168

 
192,749

Balance as of January 1, 2019
 
98,947

 
31,311

 
37,439

 
12,727

 
180,424

Charge-offs
 
(9,691
)
 
(555
)
 
(4,518
)
 
(7,986
)
 
(22,750
)
Recoveries
 
1,348

 
(31
)
 
9,566

 
2,192

 
13,075

Provision/(provision credit) for loan losses
 
25,492

 
2,228

 
(10,955
)
 
5,235

 
22,000

Balance as of June 30, 2019
 
116,096

 
32,953

 
31,532

 
12,168

 
192,749

Allowance - individually evaluated for impairment 
 
8,484

 

 
22,255

 
442

 
31,181

Allowance - collectively evaluated for impairment 
 
106,758

 
32,953

 
8,199

 
11,669

 
159,579

Allowance - purchased credit-impaired loans
 
854

 

 
1,078

 
57

 
1,989

Loans, net of unearned as of June 30, 2019:
 
 
 
 
 
 
 
 
 
 
  Individually evaluated for impairment 
 
115,808

 
1,777

 
182,442

 
699

 
300,726

  Collectively evaluated for impairment
 
18,904,621

 
3,852,027

 
6,093,863

 
492,774

 
29,343,285

  Purchased credit-impaired loans
 
33,840

 
7,227

 
26,829

 
903

 
68,799

Total loans, net of unearned income
 
$
19,054,269

 
$
3,861,031

 
$
6,303,134

 
$
494,376

 
$
29,712,810



a) In first quarter 2020, the Permanent Mortgage portfolio was combined into Consumer Real Estate portfolio, all prior periods were revised for comparability.
b) C&I loans as of June 30, 2020 include $2.1 billion in PPP loans which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan losses.