Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2015

Summary of Loans and Leases, Net of Unearned Income

Following is a summary of loans and leases, net of unearned income:


	Originated Loans		Acquired Loans		Total Loans and Leases
September 30, 2015
Commercial real estate	$	3,322,669	$	626,577	$	3,949,246
Commercial and industrial		2,410,186		81,169		2,491,355
Commercial leases		199,130		—		199,130

Total commercial loans and leases		5,931,985		707,746		6,639,731
Direct installment		1,643,345		49,293		1,692,638
Residential mortgages		1,013,254		373,132		1,386,386
Indirect installment		973,216		812		974,028
Consumer lines of credit		1,003,278		123,724		1,127,002
Other		53,860		—		53,860

	$	10,618,938	$	1,254,707	$	11,873,645

December 31, 2014
Commercial real estate	$	3,031,810	$	783,898	$	3,815,708
Commercial and industrial		2,197,793		120,222		2,318,015
Commercial leases		177,824		—		177,824

Total commercial loans and leases		5,407,427		904,120		6,311,547
Direct installment		1,579,770		64,851		1,644,621
Residential mortgages		817,586		445,467		1,263,053
Indirect installment		873,645		1,906		875,551
Consumer lines of credit		946,427		164,549		1,110,976
Other		41,290		—		41,290

	$	9,666,145	$	1,580,893	$	11,247,038

Summary of Outstanding Principal Balance and Carrying Amount of Acquired Loans

The outstanding balance and the carrying amount of acquired loans included in the consolidated balance sheet are as follows:


	September 30, 2015		December 31, 2014
Accounted for under ASC 310-30:
Outstanding balance	$	1,345,685	$	1,597,558
Carrying amount		1,094,604		1,344,171

Accounted for under ASC 310-20:
Outstanding balance		159,695		242,488
Carrying amount		153,539		228,748

Total acquired loans:
Outstanding balance		1,505,380		1,840,046
Carrying amount		1,248,143		1,572,919

Summary of Change in Accretable Yield of Acquired Loans

The following table provides changes in accretable yield for all acquired loans accounted for under ASC 310-30. Loans accounted for under ASC 310-20 are not included in this table.


	Nine Months Ended
	September 30,
	2015			2014
Balance at beginning of period	$	331,899		$	305,646
Acquisitions		—			71,111
Reduction due to unexpected early payoffs		(35,601	)		(34,747	)
Reclass from non-accretable difference		24,489			9,925
Disposals/transfers		(509	)		(5,390	)
Accretion		(46,207	)		(54,664	)

Balance at end of period	$	274,071		$	291,881

Summary of Non-Performing Assets

Following is a summary of non-performing assets:


	September 30, 2015			December 31, 2014
Non-accrual loans	$	47,298		$	45,113
Troubled debt restructurings		21,221			23,439

Total non-performing loans		68,519			68,552
Other real estate owned (OREO)		38,931			41,466

Total non-performing assets	$	107,450		$	110,018

Asset quality ratios:
Non-performing loans as a percent of total loans and leases		0.58	%		0.61	%
Non-performing loans + OREO as a percent of total loans and leases + OREO		0.90	%		0.97	%
Non-performing assets as a percent of total assets		0.64	%		0.68	%

Age Analysis of Past Due Loans, by Class

The following tables provide an analysis of the aging of the Corporation’s past due loans by class, segregated by loans and leases originated and loans acquired:


	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non-Accrual		Total Past Due		Current		Total Loans and Leases
Originated Loans and Leases
September 30, 2015
Commercial real estate	$	6,040	$	3	$	25,262	$	31,305	$	3,291,364	$	3,322,669
Commercial and industrial		3,854		3		9,529		13,386		2,396,800		2,410,186
Commercial leases		709		14		835		1,558		197,572		199,130

Total commercial loans and leases		10,603		20		35,626		46,249		5,885,736		5,931,985
Direct installment		9,874		3,326		4,718		17,918		1,625,427		1,643,345
Residential mortgages		11,121		1,334		2,971		15,426		997,828		1,013,254
Indirect installment		8,213		522		1,133		9,868		963,348		973,216
Consumer lines of credit		3,385		629		988		5,002		998,276		1,003,278
Other		134		169		—		303		53,557		53,860

	$	43,330	$	6,000	$	45,436	$	94,766	$	10,524,172	$	10,618,938

December 31, 2014
Commercial real estate	$	9,601	$	313	$	24,132	$	34,046	$	2,997,764	$	3,031,810
Commercial and industrial		2,446		3		8,310		10,759		2,187,034		2,197,793
Commercial leases		961		43		722		1,726		176,098		177,824

Total commercial loans and leases		13,008		359		33,164		46,531		5,360,896		5,407,427
Direct installment		9,333		3,617		7,117		20,067		1,559,703		1,579,770
Residential mortgages		8,709		3,891		2,964		15,564		802,022		817,586
Indirect installment		7,804		684		1,149		9,637		864,008		873,645
Consumer lines of credit		2,408		562		719		3,689		942,738		946,427
Other		13		135		—		148		41,142		41,290

	$	41,275	$	9,248	$	45,113	$	95,636	$	9,570,509	$	9,666,145


	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non-Accrual		Total Past Due (1) (2)		Current		Discount			Total Loans
Acquired Loans
September 30, 2015
Commercial real estate	$	10,510	$	11,108	$	1,303	$	22,921	$	641,768	$	(38,112	)	$	626,577
Commercial and industrial		686		527		107		1,320		87,163		(7,314	)		81,169

Total commercial loans		11,196		11,635		1,410		24,241		728,931		(45,426	)		707,746
Direct installment		670		834		—		1,504		46,981		808			49,293
Residential mortgages		8,607		15,261		—		23,868		386,425		(37,161	)		373,132
Indirect installment		26		11		—		37		801		(26	)		812
Consumer lines of credit		1,105		810		452		2,367		125,150		(3,793	)		123,724

	$	21,604	$	28,551	$	1,862	$	52,017	$	1,288,288	$	(85,598	)	$	1,254,707

December 31, 2014
Commercial real estate	$	12,076	$	12,368		—	$	24,444	$	799,991	$	(40,537	)	$	783,898
Commercial and industrial		687		1,968		—		2,655		127,535		(9,968	)		120,222

Total commercial loans		12,763		14,336		—		27,099		927,526		(50,505	)		904,120
Direct installment		2,670		1,443		—		4,113		59,532		1,206			64,851
Residential mortgages		8,159		19,936		—		28,095		456,810		(39,438	)		445,467
Indirect installment		38		30		—		68		2,179		(341	)		1,906
Consumer lines of credit		1,048		2,279		—		3,327		166,912		(5,690	)		164,549

	$	24,678	$	38,024		—	$	62,702	$	1,612,959	$	(94,768	)	$	1,580,893

(1)	Past due information for acquired loans is based on the contractual balance outstanding at September 30, 2015 and December 31, 2014.

(2)

Acquired loans are considered performing upon acquisition, regardless of whether the customer is contractually delinquent, as long as the Corporation can reasonably estimate the timing and amount of expected cash flows on such loans. In these instances, the Corporation does not consider acquired contractually delinquent loans to be non-accrual or non-performing and continues to recognize interest income on these loans using the accretion method. Acquired loans are considered non-accrual or non-performing when, due to credit deterioration or other factors, the Corporation determines it is no longer able to reasonably estimate the timing and amount of expected cash flows on such loans. The Corporation does not recognize interest income on acquired loans considered non-accrual or non-performing.

Summary of Commercial Loans and Leases by Credit Quality

The following tables present a summary of the Corporation’s commercial loans and leases by credit quality category, segregated by loans and leases originated and loans acquired:


	Commercial Loan and Lease Credit Quality Categories
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans and Leases
September 30, 2015
Commercial real estate	$	3,195,455	$	60,727	$	65,568	$	919	$	3,322,669
Commercial and industrial		2,259,932		103,650		45,014		1,590		2,410,186
Commercial leases		194,783		3,149		1,198		—		199,130

	$	5,650,170	$	167,526	$	111,780	$	2,509	$	5,931,985

December 31, 2014
Commercial real estate	$	2,890,830	$	58,630	$	81,951	$	399	$	3,031,810
Commercial and industrial		2,085,893		71,420		39,684		796		2,197,793
Commercial leases		174,677		2,198		949		—		177,824

	$	5,151,400	$	132,248	$	122,584	$	1,195	$	5,407,427

Acquired Loans
September 30, 2015
Commercial real estate	$	488,840	$	49,669	$	88,068		—	$	626,577
Commercial and industrial		69,036		1,969		10,164		—		81,169

	$	557,876	$	51,638	$	98,232		—	$	707,746

December 31, 2014
Commercial real estate	$	610,260	$	73,891	$	99,747		—	$	783,898
Commercial and industrial		103,862		3,506		12,854		—		120,222

	$	714,122	$	77,397	$	112,601		—	$	904,120

Summary of Consumer Loans by Payment Status

Following is a table showing originated consumer loans by payment status:


	Consumer Loan Credit Quality by Payment Status
	Performing		Non-Performing		Total
September 30, 2015
Direct installment	$	1,630,566	$	12,779	$	1,643,345
Residential mortgages		1,000,774		12,480		1,013,254
Indirect installment		971,936		1,280		973,216
Consumer lines of credit		1,000,929		2,349		1,003,278
Other		53,860		—		53,860

December 31, 2014
Direct installment	$	1,565,090	$	14,680	$	1,579,770
Residential mortgages		802,522		15,064		817,586
Indirect installment		872,340		1,305		873,645
Consumer lines of credit		944,631		1,796		946,427
Other		41,290		—		41,290

Summary of Impaired Loans and Leases, by Class

Following is a summary of information pertaining to originated loans and leases considered to be impaired, by class of loan and lease:


	Unpaid Contractual Principal Balance		Recorded Investment With No Specific Reserve		Recorded Investment With Specific Reserve		Total Recorded Investment		Specific Reserve		Average Recorded Investment
At or for the Nine Months Ended September 30, 2015
Commercial real estate	$	35,733	$	25,035	$	2,057	$	27,092	$	919	$	26,928
Commercial and industrial		10,981		4,770		5,107		9,877		1,590		9,565
Commercial leases		835		835		—		835		—		767

Total commercial loans and leases		47,549		30,640		7,164		37,804		2,509		37,260
Direct installment		13,569		12,779		—		12,779		—		13,538
Residential mortgages		12,971		12,480		—		12,480		—		13,744
Indirect installment		3,220		1,280		—		1,280		—		1,168
Consumer lines of credit		2,565		2,349		—		2,349		—		2,134

	$	79,874	$	59,528	$	7,164	$	66,692	$	2,509	$	67,844

At or for the Year Ended December 31, 2014
Commercial real estate	$	34,583	$	25,443	$	883	$	26,326	$	399	$	30,807
Commercial and industrial		11,412		7,609		1,948		9,557		780		9,510
Commercial leases		722		722		—		722		—		686

Total commercial loans and leases		46,717		33,774		2,831		36,605		1,179		41,003
Direct installment		14,987		14,680		—		14,680		—		14,248
Residential mortgages		16,791		15,064		—		15,064		—		16,924
Indirect installment		1,467		1,305		—		1,305		—		1,399
Consumer lines of credit		1,803		1,796		—		1,796		—		1,793

	$	81,765	$	66,619	$	2,831	$	69,450	$	1,179	$	75,367

Summary of Payment Status of Total TDRs

Following is a summary of the payment status of originated TDRs:


	September 30, 2015		December 31, 2014
Accruing:
Performing	$	14,692	$	9,441
Non-performing		21,221		23,439
Non-accrual		7,800		8,272

	$	43,713	$	41,152

Summary of Troubled Debt Restructurings by Class of Loans

The majority of TDRs are the result of interest rate concessions for a limited period of time. Following is a summary of originated loans, by class, that have been restructured:


	Three Months Ended September 30, 2015						Nine Months Ended September 30, 2015
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		—	$	—	$	—		2	$	312	$	168
Commercial and industrial		—		—		—		1		5		4

Total commercial loans		—		—		—		3		317		172
Direct installment		121		1,757		1,726		361		5,064		4,835
Residential mortgages		10		232		233		31		1,048		1,074
Indirect installment		3		13		10		13		43		40
Consumer lines of credit		10		146		143		40		666		610

		144	$	2,148	$	2,112		448	$	7,138	$	6,731


	Three Months Ended September 30, 2014						Nine Months Ended September 30, 2014
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		1	$	50	$	48		10	$	2,633	$	2,187
Commercial and industrial		2		126		119		3		323		307

Total commercial loans		3		176		167		13		2,956		2,494
Direct installment		116		1,323		1,240		378		4,922		4,693
Residential mortgages		9		480		470		33		1,847		1,784
Indirect installment		7		18		15		20		52		48
Consumer lines of credit		6		88		56		31		899		857

		141	$	2,085	$	1,948		475	$	10,676	$	9,876

Summary of Troubled Debt Restructurings by Class of Loans and Leases, Payment Default

Following is a summary of originated TDRs, by class of loans and leases, for which there was a payment default, excluding loans that were either charged-off or cured by period end. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.


	Three Months Ended September 30, 2015 (1)				Nine Months Ended September 30, 2015 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		—		—		1		204

Total commercial loans		—		—		1		204
Direct installment		22		87		75		254
Residential mortgages		2		75		5		179
Indirect installment		1		6		6		12
Consumer lines of credit		—		—		1		8

		25	$	168		88	$	657


	Three Months Ended September 30, 2014 (1)				Nine Months Ended September 30, 2014 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Direct installment		41	$	356		80	$	732
Residential mortgages		2		33		2		33
Indirect installment		3		10		4		11
Consumer lines of credit		1		50		1		50

		47	$	449		87	$	826

(1)	The recorded investment is as of period end.