XML 110 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 6 Months Ended
Jun. 30, 2012
Loans [Abstract]  
Schedule Of Loans By Portfolio Segment
The following table provides the balance of loans by portfolio segment as of June 30, 2012 and 2011, and December 31, 2011:
           
    June 30 December 31 
(Dollars in thousands)   2012 2011 2011 
Commercial:           
 Commercial, financial, and industrial  $7,981,365 $7,180,261 $8,014,927 
 Commercial real estate           
  Income CRE 1,224,944  1,310,779  1,257,497 
  Residential CRE 89,225  182,857  120,913 
Retail:           
 Consumer real estate   5,408,105  5,383,223  5,291,364 
 Permanent mortgage 738,766  1,015,122  787,597 
 Credit card & other 278,958  295,373  284,051 
 Restricted real estate loans and secured borrowings (a) 464,400  694,031  640,778 
Loans, net of unearned income$16,185,763 $16,061,646 $16,397,127 
Allowance for loan losses 321,051  524,091  384,351 
Total net loans  $15,864,712 $15,537,555 $16,012,776 

  • Balances as of June 30, 2012 and 2011, and December 31, 2011, include $447.5 million, $649.2 million, and $600.2 million of consumer real estate loans and $16.9 million, $44.9 million, and $40.6 million of permanent mortgage loans, respectively.
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, 2012 and 2011:  
                Credit    
     Commercial Consumer Permanent Card and    
(Dollars in thousands)C&I Real Estate Real Estate Mortgage Other Total 
Balance as of April 1, 2011  $ 220,600 $ 123,480 $ 179,394 $ 55,640 $ 10,014 $ 589,128 
Charge-offs    (12,793)   (9,426)   (44,526)   (11,367)   (5,232)   (83,344) 
Recoveries    6,881   1,752   4,654   2,984   1,036   17,307 
Provision    (8,410)   (16,339)   23,133   (655)   3,271   1,000 
Balance as of June 30, 2011 (a) (b)  206,278   99,467   162,655   46,602   9,089   524,091 
Balance as of January 1, 2011    239,469   155,085   192,350   65,009   12,886   664,799 
Charge-offs    (24,852)   (23,711)   (91,764)   (20,784)   (9,584)   (170,695) 
Recoveries    8,837   5,066   8,436   3,534   2,114   27,987 
Provision    (17,176)   (36,973)   53,633   (1,157)   3,673   2,000 
Balance as of June 30, 2011 (a) (b)  206,278   99,467   162,655   46,602   9,089   524,091 
Allowance - individually evaluated for impairment    50,673   9,797   23,656   14,586   752   99,464 
Allowance - collectively evaluated for impairment    155,605   89,670   138,999   32,016   8,337   424,627 
Loans, net of unearned as of June 30, 2011:                    
 Individually evaluated for impairment    215,904   174,379   88,088   115,008   1,186   594,565 
 Collectively evaluated for impairment    6,964,357   1,319,257   5,944,313   944,967   294,187   15,467,081 
Total loans, net of unearned (a) (b)  7,180,261   1,493,636   6,032,401   1,059,975   295,373   16,061,646 
Balance as of April 1, 2012    119,578   46,049   141,647   32,572   6,170   346,016 
Charge-offs    (10,159)   (4,002)   (29,136)   (3,071)   (3,360)   (49,728) 
Recoveries    2,162   1,043   5,175   648   735   9,763 
Provision    (936)   (1,544)   15,735   (1,037)   2,782   15,000 
Balance as of June 30, 2012 (a) (b)  110,645   41,546   133,421   29,112   6,327   321,051 
Balance as of January 1, 2012    130,413   55,586   165,077   26,194   7,081   384,351 
Charge-offs    (16,233)   (13,621)   (63,269)   (7,709)   (5,979)   (106,811) 
Recoveries    6,676   1,539   9,314   1,171   1,811   20,511 
Provision    (10,211)   (1,958)   22,299   9,456   3,414   23,000 
Balance as of June 30, 2012 (a) (b)  110,645   41,546   133,421   29,112   6,327   321,051 
Allowance - individually evaluated for impairment    31,458   7,707   32,688   24,131   221   96,205 
Allowance - collectively evaluated for impairment    79,187   33,839   100,733   4,981   6,106   224,846 
Loans, net of unearned as of June 30, 2012:                    
 Individually evaluated for impairment    155,863   92,645   125,040   119,537   933   494,018 
 Collectively evaluated for impairment    7,825,502   1,221,524   5,730,524   636,170   278,025   15,691,745 
Total loans, net of unearned (a) (b)$ 7,981,365 $ 1,314,169 $ 5,855,564 $ 755,707 $ 278,958 $ 16,185,763 

  • Balances as of June 30, 2012 and 2011 include $19.0 million and $29.9 million of reserves, respectively, and $447.5 million and $649.2 million of balances in restricted consumer real estate loans and secured borrowings, respectively.
  • Balances as of June 30, 2012 and 2011 include $1.3 million and $3.1 million of reserves, respectively, and $16.9 million and $44.9 million of balances in restricted permanent mortgage loans and secured borrowings, respectively.
Information By Class Related To Individually Impaired Loans
Impaired Loans                     
The following tables provide information by class related to individually impaired loans. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, LOCOM has been excluded. 
        
           Three Months Ended Six Months Ended 
  June 30, 2012 June 30, 2012 June 30, 2012 
     Unpaid    Average Interest Average Interest 
  RecordedPrincipalRelatedRecordedIncomeRecorded Income 
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestment Recognized 
Impaired loans with no related allowance recorded:                   
Commercial:                     
 General C&I$62,122 $81,423 $ - $62,858 $ 204 $68,551 $407 
 TRUPs 47,000  47,000   -  47,000   -  47,000  0 
 Income CRE 51,375  92,153   -  57,783   76  59,514  153 
 Residential CRE 22,341  39,993   -  23,276   62  23,316  134 
 Total$182,838 $260,569 $0 $190,917 $ 342 $198,381 $694 
Impaired loans with related allowance recorded:                   
Commercial:                     
 General C&I$18,948 $18,948 $7,629 $15,889 $ 33 $16,696 $67 
 TRUPs 33,700  33,700  23,829  33,700   -  33,700  0 
 Income CRE 1,529  1,577  189  1,869   14  1,876  29 
 Residential CRE 17,400  17,400  7,518  18,457   -  19,276  0 
 Total$71,577 $71,625 $39,165 $69,915 $ 47 $71,548 $96 
Retail:                     
 HELOC$57,175 $57,175 $13,903 $54,793 $ 411 $53,547 $784 
 R/E installment loans 67,865  67,865  18,785  66,505   276  69,036  541 
 Permanent mortgage 119,537  119,537  24,131  110,785   734  96,300   1,390 
 Credit card & other 933  933  221  980   10  1,025  21 
 Total$245,510 $245,510 $57,040 $233,063 $ 1,431 $219,908 $2,736 
Total commercial$254,415 $332,194 $39,165 $260,832 $ 389 $269,929 $790 
Total retail$245,510 $245,510 $57,040 $233,063 $ 1,431 $219,908 $2,736 
Total impaired loans$499,925 $577,704 $96,205 $493,895 $ 1,820 $489,837 $3,526 

           Three Months Ended Six Months Ended 
  June 30, 2011 June 30, 2011 June 30, 2011 
     Unpaid    Average Interest Average Interest 
  RecordedPrincipalRelatedRecordedIncomeRecordedIncome 
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestmentRecognized 
Impaired loans with no related allowance recorded:                   
Commercial:                     
 General C&I$91,940 $117,491 $ - $91,082 $232 $66,902 $ 489 
 TRUPs 57,000  57,000   -  47,500  0  42,500   - 
 Income CRE 96,935  167,950   -  110,102  392  102,411   531 
 Residential CRE 42,920  86,214   -  53,571  269  51,161   344 
 Total$288,795 $428,655 $0 $302,255 $893 $262,974 $ 1,364 
Impaired loans with related allowance recorded:                   
Commercial:                     
 General C&I$43,956 $53,258 $23,980 $49,949 $81 $78,748 $ 140 
 TRUPs 30,000  30,000  26,693  30,000   -  30,000   - 
 Income CRE 12,129  12,314  3,550  11,866  11  23,335   11 
 Residential CRE 22,395  22,631  6,247  22,351   -  31,354   - 
 Total$108,480 $118,203 $60,470 $114,166 $92 $163,437 $ 151 
Retail:                     
 HELOC$36,617 $36,617 $11,819 $33,507 $180 $30,996 $ 321 
 R/E installment loans 51,471  51,471  11,837  49,822  182  47,935   344 
 Permanent mortgage 115,008  115,008  14,586  109,449  434  105,886   914 
 Credit card & other 1,186  1,186  752  1,250  12  975   24 
 Total$204,282 $204,282 $ 38,994 $194,028 $808 $185,792 $ 1,603 
Total commercial$397,275 $546,858 $60,470 $416,421 $985 $426,411 $ 1,515 
Total retail$204,282 $204,282 $38,994 $194,028 $808 $185,792 $ 1,603 
Total impaired loans$601,557 $751,140 $99,464 $610,449 $ 1,793 $612,203 $ 3,118 
  
Certain previously reported amounts have been reclassified to agree with current presentation. 
Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of June 30, 2012 and 2011:  
 June 30, 2012 
    Loans to               Allowance 
 General Mortgage    IncomeResidential  Percentage for Loan
(Dollars in thousands)C&I Companies TRUPS  (a) CRECRETotalof Total Losses
PD Grade:                       
1$ 203,161 $ - $ - $ - $ - $ 203,161 2%  $ 47 
2  168,993   -   -   2,574   -   171,567 2     83 
3  137,717   -   -   12,153   -   149,870 2     83 
4  248,077   -   -   4,238   92   252,407 3     216 
5  535,981   -   -   34,141   288   570,410 6     1,172 
6  817,360   130,089   -   170,330   5,182   1,122,961 12     3,531 
7  1,003,718   541,878   -   143,177   4,847   1,693,620 18     8,688 
8  887,169   344,980   -   177,960   1,464   1,411,573 15     10,968 
9  645,263   227,737   -   168,392   1,383   1,042,775 11     10,298 
10  524,040   29,317   -   86,247   977   640,581 7     7,839 
11  455,296   -   -   126,599   2,094   583,989 6     11,065 
12  154,564   -   -   13,081   2,098   169,743 2     2,959 
13  156,823   -   338,180   62,625   4,380   562,008 6     8,942 
14,15,16  275,159   -   -   170,523   26,679   472,361 5     47,135 
Collectively evaluated for impairment  6,213,321   1,274,001   338,180   1,172,040   49,484   9,047,026 97     113,026 
Individually evaluated for impairment  81,070   -   74,793   52,904   39,741   248,508 3     39,165 
Total commercial loans$ 6,294,391 $ 1,274,001 $ 412,973 $ 1,224,944 $ 89,225 $ 9,295,534 100%  $ 152,191 

 June 30, 2011 
    Loans to               Allowance 
 GeneralMortgage  IncomeResidential  Percent of for Loan
(Dollars in thousands)C&ICompaniesTRUPS  (a)CRECRETotalTotal Losses
PD Grade:                       
1$ 111,827 $ - $0 $ - $ - $ 111,827 1%  $ 11 
2  127,485   -  0   2,666   -   130,151 2     36 
3  172,584   -  0   13,427   -   186,011 2     121 
4  188,023   -  0   7,348   148   195,519 2     608 
5  305,426   -  0   17,254   129   322,809 4     1,095 
6  814,788   62,472  0   69,419   917   947,596 11     6,318 
7  767,160   179,029  0   111,342   2,588   1,060,119 12     11,301 
8  1,155,176   255,790  0   173,455   6,464   1,590,885 18     18,549 
9  553,646   84,316  0   119,095   3,012   760,069 9     18,316 
10  443,673   264  0   146,320   2,276   592,533 7     13,067 
11  540,792   -  0   111,022   1,237   653,051 9     19,109 
12  101,010   -   -   17,069   5,187   123,266 1     4,387 
13  333,245   -   329,473   125,393   10,136   798,247 9     42,673 
14,15,16  417,476   656   20,046   287,906   85,447   811,531 9     109,684 
Collectively evaluated for impairment 6,032,311   582,527   349,519   1,201,716   117,541  8,283,614 96     245,275 
Individually evaluated for impairment  135,896  0   80,008   109,063   65,316   390,283 4     60,470 
Total commercial loans$6,168,207 $ 582,527 $ 429,527 $1,310,779 $ 182,857 $8,673,897 100%  $ 305,745 

  • Balances as of June 30, 2012 and 2011, presented net of $34.2 million and $35.6 million, respectively, LOCOM. Based on the underlying structure of the notes, the highest possible internal grade is "13".
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC
The following tables reflect period-end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of June 30, 2012 and 2011:
                    
HELOC                  
(Dollars in thousands) June 30, 2012 June 30, 2011 
        Avg       Avg 
  Period End Avg origRefreshedPeriod EndAvg origRefreshed
Origination VintageBalance (a) FICOFICOBalance (a)FICOFICO
pre-2003$ 153,428  721  715 $ 205,846  723  720 
2003  249,536  733  724   297,529  733  726 
2004  546,681  728  719   636,798  728  720 
2005  679,687  734  720   789,493  734  721 
2006  500,840  741  726   592,715  742  726 
2007  521,706  746  731   599,372  746  732 
2008  279,200  755  749   306,902  755  749 
2009  163,683  753  750   191,666  755  755 
2010  159,522  754  753   192,126  756  758 
2011  155,018  759  757   72,312  756  758 
2012  79,029  761  760  N/A  N/A  N/A 
Total$3,488,330  740  730 $3,884,759  740  730 

Balances as of June 30, 2012 and 2011 include $447.5 million and $649.2 million of restricted loan and secured borrowing balances.
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans
                    
R/E Installment LoansJune 30, 2012June 30, 2011
(Dollars in thousands)       Avg       Avg 
  Period End Avg orig Refreshed Period End Avg orig Refreshed 
Origination VintageBalance FICO FICO Balance FICO FICO 
pre-2003$ 46,628  688  686 $ 68,535  693  689 
2003  134,820  721  731   191,650  723  732 
2004  84,741  708  705   112,979  712  712 
2005  239,744  719  714   304,444  721  716 
2006  261,208  720  706   333,664  722  707 
2007  364,488  728  712   464,712  731  715 
2008  131,770  729  725   182,390  737  733 
2009  77,922  750  749   117,535  752  754 
2010  173,949  746  754   211,984  748  749 
2011  449,788  761  759   159,749  757  755 
2012  402,176  765  763  N/A  N/A  N/A 
Total$2,367,234  739  733 $2,147,642  731  724 
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans
                    
Permanent MortgageJune 30, 2012June 30, 2011
(Dollars in thousands)       Avg       Avg 
  Period EndAvg origRefreshedPeriod EndAvg origRefreshed
Origination VintageBalance (a)FICOFICOBalance (a)FICOFICO
pre-2004$ 140,986  724  731 $ 196,488  726  732 
2004  10,896  716  692   13,822  724  700 
2005  55,985  740  715   70,767  740  720 
2006  102,491  735  707   142,381  732  686 
2007  308,801  732  703   407,145  731  678 
2008  136,548  742  713   229,372  736  679 
Total$ 755,707  733  712 $1,059,975  732  691 

  • Balances as of June 30, 2012 and 2011 include $16.9 million and $44.9 million of restricted loan and secured borrowing balances.
Accruing Delinquency Amounts For Credit Card And Other Portfolio Classes
The following table reflects accruing delinquency amounts for the credit card and other portfolio classes.
             
 Credit Card Other 
(Dollars in thousands)June 30, 2012 June 30, 2011 June 30, 2012 June 30, 2011 
Accruing delinquent balances:            
30-89 days past due$ 1,569 $ 1,480 $369 $908 
90+ days past due  1,286   1,141  339  10 
Total$ 2,855 $ 2,621 $708 $918 
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans by class on June 30, 2012: 
                              
   Accruing Non-Accruing   
      30-89 90 +       30-89 90 + Total    
      Days Past Days Total    Days Days Non- Total 
(Dollars in thousands)  Current Due Past Due Accruing Current Past Due Past Due Accruing Loans 
Commercial (C&I) :                            
General C&I $ 6,189,015 $ 21,152 $ 1,735 $ 6,211,902 $ 43,834 $ 7,752 $ 30,903 $ 82,489 $ 6,294,391 
Loans to mortgage companies   1,274,001   -   -   1,274,001   -   -   -   -   1,274,001 
TRUPs (a)   338,180   -   -   338,180   -   -   74,793   74,793   412,973 
                             
Total C&I   7,801,196   21,152   1,735   7,824,083   43,834   7,752   105,696   157,282   7,981,365
Commercial real estate:                            
Income CRE   1,161,209   6,508   -   1,167,717   17,449   930   38,848   57,227   1,224,944 
Residential CRE   44,413   5,973   -   50,386   19,505   921   18,413   38,839   89,225 
Total                            
  commercial real estate   1,205,622   12,481   -  1,218,103 36,954  1,851  57,261  96,066  1,314,169
Consumer real estate:                            
HELOC (b)   3,410,676   31,603   20,401   3,462,680   13,852   1,906   9,892   25,650   3,488,330 
R/E installment loans   2,322,870   18,593   10,588   2,352,051   8,297   1,421   5,465   15,183   2,367,234 
Total consumer real estate   5,733,546   50,196   30,989   5,814,731   22,149   3,327   15,357   40,833   5,855,564 
Permanent mortgage (b)   711,111   6,775   5,650   723,536   13,054   2,299   16,818   32,171   755,707 
Credit card & other                            
Credit card   181,792   1,569   1,286   184,647   -   -   -   -   184,647 
Other   91,535   369   339   92,243   268   -   1,800   2,068   94,311 
Total credit card & other   273,327   1,938   1,625   276,890   268   -   1,800   2,068   278,958 
Total loans, net of unearned $ 15,724,802 $ 92,542 $ 39,999 $ 15,857,343 $ 116,259 $ 15,229 $ 196,932 $ 328,420 $ 16,185,763 

  • Includes LOCOM valuation allowance $34.2 million.
  • Includes restricted real estate loans and secured borrowings..

 
The following table reflects accruing and non-accruing loans by class on June 30, 2011:
                             
  Accruing Non-Accruing   
     30-89 Days 90 + Days Total    30-89 Days 90 + Days Total Non-   
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingTotal Loans
Commercial (C&I) :                           
General C&I$5,999,416 $36,859 $398 $6,036,673 $70,532 $8,229 $52,773 $131,534 $6,168,207 
Loans to mortgage companies 581,871  0  0  581,871  0   -  656  656  582,527 
TRUPs (a) 349,519  0  0  349,519  0   -  80,008  80,008  429,527 
Total C&I 6,930,806  36,859  398  6,968,063  70,532  8,229  133,437  212,198  7,180,261 
Commercial real estate:                           
Income CRE 1,184,361  14,322  181  1,198,864  35,221  6,552  70,142  111,915  1,310,779 
Residential CRE 103,254  9,392  0  112,646  30,430  1,105  38,676  70,211  182,857 
Total commercial real estate 1,287,615  23,714  181  1,311,510  65,651  7,657  108,818  182,126  1,493,636 
Consumer real estate:                           
HELOC (b) 3,794,849  41,577  25,909  3,862,335  13,332  1,550  7,542  22,424  3,884,759 
R/E installment loans 2,099,708  22,627  10,656  2,132,991  10,429  1,168  3,054  14,651  2,147,642 
Total consumer real estate 5,894,557  64,204  36,565  5,995,326  23,761  2,718  10,596  37,075  6,032,401 
Permanent mortgage (b) 877,922  20,865  20,674  919,461  27,813  2,537  110,164  140,514  1,059,975 
Credit card & other                           
Credit card 189,180  1,480  1,141  191,801  0  0  0  0  191,801 
Other 93,173  908  10  94,091  6  0  9,475  9,481  103,572 
Total credit card & other 282,353  2,388  1,151  285,892  6  0  9,475  9,481  295,373 
Total loans, net of unearned$15,273,253 $148,030 $58,969 $15,480,252 $187,763 $21,141 $372,490 $581,394 $16,061,646 

  • Includes LOCOM valuation allowance $35.6 million.
  • Includes restricted real estate loans and secured borrowings.
Schedule Of Troubled Debt Restructurings Occurring During The Year
The following table reflects modifications of portfolio loans occurring during the three and six month ended June 30, 2012, that have been classified as TDRs: 
 Three Months Ended June 30, 2012 Six Months Ended June 30, 2012 
    Pre-Modification Post-Modification   Pre-Modification Post-Modification 
    Outstanding Outstanding   Outstanding Outstanding 
(Dollars in thousands) Number Recorded Investment Recorded Investment Number Recorded Investment Recorded Investment 
Commercial (C&I):                 
General C&I  7 $ 17,538 $ 17,444  11 $ 18,121 $ 18,020 
Total commercial (C&I)  7   17,538   17,444  11   18,121   18,020 
Commercial real estate:                 
Income CRE 3  546  529 6  8,507  8,358 
Residential CRE 1  38  37 2  88  87 
Total commercial real estate 4  584  566 8  8,595  8,445 
Consumer real estate:                 
HELOC 60  6,562  6,522 94  10,643  10,595 
R/E installment loans 51  5,635  4,654 110  13,178  12,265 
Total consumer real estate 111  12,197  11,176 204  23,821  22,860 
Permanent mortgage 24  19,774  19,998 62  49,667  50,062 
Credit card & other:                 
Credit card 140  871  841 162  962  928 
Total credit card & other 140  871  841 162  962  928 
Total troubled debt restructurings 286 $50,964 $50,025 447 $101,166 $100,315 
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
 Three Months Ended Six Months Ended
 June 30, 2012 June 30, 2012
    Recorded    Recorded
(Dollars in thousands)Number Investment Number Investment
Commercial (C&I):           
General C&I 11 $9,069  18 $13,059
Loans to Mortgage Companies -  -  -  -
TRUPs -  -  -  -
Total commercial (C&I) 11  9,069  18  13,059
Commercial real estate:           
Income CRE 5  6,086  10  8,444
Residential CRE 1  136  2  186
Total commercial real estate 6  6,222  12  8,630
Consumer real estate:           
HELOC 6  420  16  1,630
R/E installment loans 11  1,476  29  3,182
Total consumer real estate 17  1,896  45  4,812
Permanent mortgage 3  772  3  772
Credit card & other:           
Credit card 4  16  15  52
Other -  -  -  -
Total credit card & other 4  16  15  52
Total troubled debt restructurings 41 $17,975  93 $27,325