Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Loans and Leases, Net of Unearned Income

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


	Originated Loans and Leases		Acquired Loans		Total Loans and Leases
December 31, 2015
Commercial real estate	$	3,531,146	$	577,910	$	4,109,056
Commercial and industrial		2,534,351		67,371		2,601,722
Commercial leases		204,553		—		204,553

Total commercial loans and leases		6,270,050		645,281		6,915,331
Direct installment		1,660,717		45,919		1,706,636
Residential mortgages		1,044,689		351,282		1,395,971
Indirect installment		996,175		554		996,729
Consumer lines of credit		1,021,830		115,425		1,137,255
Other		38,518		—		38,518

	$	11,031,979	$	1,158,461	$	12,190,440

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 Loans to Related Parties

Following is an analysis of these loans to related parties:


Total loans at December 31, 2014	$	42,263
New loans		4,954
Repayments		(3,802	)
Other		(1,614	)

Total loans at December 31, 2015	$	41,801

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:


	2015		2014
December 31
Accounted for under ASC 310-30:
Outstanding balance	$	1,258,418	$	1,597,558
Carrying amount		1,011,139		1,344,171

Accounted for under ASC 310-20:
Outstanding balance		146,161		242,488
Carrying amount		140,595		228,748

Total acquired loans:
Outstanding balance		1,404,579		1,840,046
Carrying amount		1,151,734		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.


Year Ended December 31	2015			2014
Balance at beginning of period	$	331,899		$	305,646
Acquisitions		—			125,001
Reduction due to unexpected early payoffs		(47,075	)		(48,556	)
Reclass from non-accretable difference		32,141			29,643
Disposals/transfers		(674	)		(5,513	)
Accretion		(60,171	)		(74,322	)

Balance at end of period	$	256,120		$	331,899

Summary of Non-Performing Assets

Following is a summary of non-performing assets:


December 31	2015			2014
Non-accrual loans	$	49,897		$	45,113
Troubled debt restructurings		22,028			23,439

Total non-performing loans		71,925			68,552
Other real estate owned (OREO)		38,918			41,466

Total non-performing assets	$	110,843		$	110,018

Asset quality ratios:
Non-performing loans as a percent of total loans and leases		0.59	%		0.61	%
Non-performing loans + OREO as a percent of total loans and leases + OREO		0.91	%		0.97	%
Non-performing assets as a percent of total assets		0.63	%		0.68	%

Age Analysis of Past Due Loans, by Class

The following tables provide an analysis of the aging of loans by class segregated by loans and leases originated and loans acquired:


	30-89 Days Past Due		³ 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans and Leases
Originated Loans and Leases
December 31, 2015
Commercial real estate	$	11,006	$	1	$	23,503	$	34,510	$	3,496,636	$	3,531,146
Commercial and industrial		5,409		3		14,382		19,794		2,514,557		2,534,351
Commercial leases		924		—		659		1,583		202,970		204,553

Total commercial loans and leases		17,339		4		38,544		55,887		6,214,163		6,270,050
Direct installment		9,254		3,813		4,806		17,873		1,642,844		1,660,717
Residential mortgages		8,135		1,470		2,882		12,487		1,032,202		1,044,689
Indirect installment		9,472		379		1,361		11,212		984,963		996,175
Consumer lines of credit		2,410		1,189		1,181		4,780		1,017,050		1,021,830
Other		73		169		—		242		38,276		38,518

	$	46,683	$	7,024	$	48,774	$	102,481	$	10,929,498	$	11,031,979

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		³ 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due (1)(2)		Current		Discount			Total Loans
Acquired Loans
December 31, 2015
Commercial real estate	$	6,399	$	12,752	$	931	$	20,082	$	593,128	$	(35,300	)	$	577,910
Commercial and industrial		1,065		616		103		1,784		72,037		(6,450	)		67,371

Total commercial loans		7,464		13,368		1,034		21,866		665,165		(41,750	)		645,281
Direct installment		837		659		—		1,496		43,596		827			45,919
Residential mortgages		5,871		15,136		—		21,007		366,742		(36,467	)		351,282
Indirect installment		32		9		—		41		571		(58	)		554
Consumer lines of credit		830		546		89		1,465		117,443		(3,483	)		115,425

	$	15,034	$	29,718	$	1,123	$	45,875	$	1,193,517	$	(80,931	)	$	1,158,461

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 loans acquired is based on the contractual balance outstanding at December 31, 2015 and 2014.

(2)

Acquired loans are considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if 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 by Credit Quality

The following tables present a summary of the Corporation’s commercial loans 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
December 31, 2015
Commercial real estate	$	3,416,527	$	52,887	$	61,411	$	321	$	3,531,146
Commercial and industrial		2,335,103		109,539		87,380		2,329		2,534,351
Commercial leases		198,207		2,447		3,899		—		204,553

	$	5,949,837	$	164,873	$	152,690	$	2,650	$	6,270,050

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
December 31, 2015
Commercial real estate	$	464,162	$	47,619	$	66,129		—	$	577,910
Commercial and industrial		56,446		3,182		7,743		—		67,371

	$	520,608	$	50,801	$	73,872		—	$	645,281

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 and other loans by payment status:


	Consumer Loan Credit Quality by Payment Status
	Performing		Non-Performing		Total
December 31, 2015
Direct installment	$	1,646,925	$	13,792	$	1,660,717
Residential mortgages		1,031,926		12,763		1,044,689
Indirect installment		994,661		1,514		996,175
Consumer lines of credit		1,019,783		2,047		1,021,830
Other		38,518		—		38,518

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 Year Ended December 31, 2015
Commercial real estate	$	33,780	$	24,423	$	772	$	25,195	$	321	$	26,143
Commercial and industrial		15,860		9,176		5,543		14,719		2,329		12,298
Commercial leases		659		659		—		659		—		747

Total commercial loans and leases		50,299		34,258		6,315		40,573		2,650		39,188
Direct installment		14,679		13,792		—		13,792		—		13,267
Residential mortgages		13,394		12,763		—		12,763		—		12,896
Indirect installment		3,745		1,514		—		1,514		—		1,401
Consumer lines of credit		2,408		2,047		—		2,047		—		2,198

	$	84,525	$	64,374	$	6,315	$	70,689	$	2,650	$	68,950

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 Composition of Total TDRs

Following is a summary of the composition of total TDRs:


December 31	2015		2014
Accruing:
Performing	$	15,165	$	9,441
Non-performing		22,028		23,439
Non-accrual		8,307		8,272

	$	45,500	$	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 loans, by class, that have been restructured:


Year Ended December 31	2015						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		3	$	1,165	$	960		11	$	2,946	$	2,282
Commercial and industrial		1		5		4		4		573		540

Total commercial loans		4		1,170		964		15		3,519		2,822
Direct installment		489		6,712		6,314		522		5,742		5,422
Residential mortgages		45		1,667		1,660		46		2,456		2,357
Indirect installment		17		55		48		24		70		66
Consumer lines of credit		58		950		832		41		1,089		1,037

		613	$	10,554	$	9,818		648	$	12,876	$	11,704

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

Following is a summary of TDRs, by class of loans, 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.


Year Ended December 31	2015				2014
	Number of Contracts		Recorded Investment (1)		Number of Contracts		Recorded Investment (1)
Commercial real estate		1	$	26		—	$	—
Commercial and industrial		—		—		—		—

Total commercial loans		1		26		—		—
Direct installment		97		510		97		728
Residential mortgages		7		306		4		151
Indirect installment		9		14		7		16
Consumer lines of credit		—		—		1		50

		114	$	856		109	$	945

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