Loans and Leases and the Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases and Allowance for Loan and Lease Losses [Abstract]

The Company’s loan and lease portfolio was comprised of the following as of March 31, 2014 and December 31, 2013:



(dollars in thousands)	March 31, 2014		December 31, 2013
Commercial
Commercial and Industrial	$	955,599	$	911,367
Commercial Mortgage	1,284,181		1,247,510
Construction	91,452		107,349
Lease Financing	240,931		262,207
Total Commercial	2,572,163		2,528,433
Consumer
Residential Mortgage	2,305,153		2,282,894
Home Equity	797,341		773,385
Automobile	273,553		255,986
Other ¹	261,647		254,689
Total Consumer	3,637,694		3,566,954
Total Loans and Leases	$	6,209,857	$	6,095,387


¹	Comprised of other revolving credit, installment, and lease financing.

Schedule of portfolio segment and balance in Allowance disaggregated on the basis of impairment measurement method

The following presents by portfolio segment, the activity in the Allowance for the three months ended March 31, 2014 and 2013. The following also presents by portfolio segment, the balance in the Allowance disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans and leases as of March 31, 2014 and 2013.



(dollars in thousands)	Commercial			Consumer			Total
Three Months Ended March 31, 2014
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	71,446		$	44,008		$	115,454
Loans and Leases Charged-Off	(819		)	(3,219		)	(4,038		)
Recoveries on Loans and Leases Previously Charged-Off	941			1,769			2,710
Net Loans and Leases Charged-Off	122			(1,450		)	(1,328		)
Provision for Credit Losses	(178		)	178			—
Balance at End of Period	$	71,390		$	42,736		$	114,126
As of March 31, 2014
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	8,903		$	3,699		$	12,602
Collectively Evaluated for Impairment	62,487			39,037			101,524
Total	$	71,390		$	42,736		$	114,126
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	29,815		$	37,780		$	67,595
Collectively Evaluated for Impairment	2,542,348			3,599,914			6,142,262
Total	$	2,572,163		$	3,637,694		$	6,209,857

Three Months Ended March 31, 2013
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	72,704		$	56,153		$	128,857
Loans and Leases Charged-Off	(382		)	(4,917		)	(5,299		)
Recoveries on Loans and Leases Previously Charged-Off	797			2,523			3,320
Net Loans and Leases Charged-Off	415			(2,394		)	(1,979		)
Provision for Credit Losses	297			(297		)	—
Balance at End of Period	$	73,416		$	53,462		$	126,878
As of March 31, 2013
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	177		$	3,526		$	3,703
Collectively Evaluated for Impairment	73,239			49,936			123,175
Total	$	73,416		$	53,462		$	126,878
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	13,115		$	36,470		$	49,585
Collectively Evaluated for Impairment	2,313,308			3,420,076			5,733,384
Total	$	2,326,423		$	3,456,546		$	5,782,969

Schedule of recorded investment in loans and leases by class and by credit quality indicator

The following presents by class and by credit quality indicator, the recorded investment in the Company’s loans and leases as of March 31, 2014 and December 31, 2013.



	March 31, 2014
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	910,763	$	1,220,428	$	88,514	$	240,249	$	2,459,954
Special Mention	13,078		25,615		—		27		38,720
Classified	31,758		38,138		2,938		655		73,489
Total	$	955,599	$	1,284,181	$	91,452	$	240,931	$	2,572,163

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other ¹		Total Consumer
Pass	$	2,284,971	$	793,924	$	273,207	$	261,128	$	3,613,230
Classified	20,182		3,417		346		519		24,464
Total	$	2,305,153	$	797,341	$	273,553	$	261,647	$	3,637,694
Total Recorded Investment in Loans and Leases									$	6,209,857



	December 31, 2013
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	867,813	$	1,176,941	$	104,377	$	261,486	$	2,410,617
Special Mention	5,854		24,587		—		31		30,472
Classified	37,700		45,982		2,972		690		87,344
Total	$	911,367	$	1,247,510	$	107,349	$	262,207	$	2,528,433

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other¹		Total Consumer
Pass	$	2,261,891	$	769,051	$	255,664	$	253,910	$	3,540,516
Classified	21,003		4,334		322		779		26,438
Total	$	2,282,894	$	773,385	$	255,986	$	254,689	$	3,566,954
Total Recorded Investment in Loans and Leases									$	6,095,387


¹	Comprised of other revolving credit, installment, and lease financing.

Schedule of aging analysis by class of loan and lease portfolio

The following presents by class, an aging analysis of the Company’s loan and lease portfolio as of March 31, 2014 and December 31, 2013.



(dollars in thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Past Due 90 Days or More		Non- Accrual		Total Past Due and Non-Accrual		Current		Total Loans and Leases		Non-Accrual Loans and Leases that are Current ²
As of March 31, 2014
Commercial
Commercial and Industrial	$	1,740	$	244	$	150	$	11,239	$	13,373	$	942,226	$	955,599	$	10,008
Commercial Mortgage	1,130		279		—		1,421		2,830		1,281,351		1,284,181		30
Construction	—		—		—		—		—		91,452		91,452		—
Lease Financing	—		—		—		—		—		240,931		240,931		—
Total Commercial	2,870		523		150		12,660		16,203		2,555,960		2,572,163		10,038
Consumer
Residential Mortgage	8,438		2,788		5,729		19,003		35,958		2,269,195		2,305,153		5,594
Home Equity	6,102		2,431		2,845		1,935		13,313		784,028		797,341		117
Automobile	3,753		524		346		—		4,623		268,930		273,553		—
Other ¹	2,173		1,282		644		—		4,099		257,548		261,647		—
Total Consumer	20,466		7,025		9,564		20,938		57,993		3,579,701		3,637,694		5,711
Total	$	23,336	$	7,548	$	9,714	$	33,598	$	74,196	$	6,135,661	$	6,209,857	$	15,749

As of December 31, 2013
Commercial
Commercial and Industrial	$	1,701	$	1,962	$	1,173	$	11,929	$	16,765	$	894,602	$	911,367	$	3,603
Commercial Mortgage	932		—		—		2,512		3,444		1,244,066		1,247,510		778
Construction	—		—		—		—		—		107,349		107,349		—
Lease Financing	—		—		—		—		—		262,207		262,207		—
Total Commercial	2,633		1,962		1,173		14,441		20,209		2,508,224		2,528,433		4,381
Consumer
Residential Mortgage	6,984		4,746		4,564		20,264		36,558		2,246,336		2,282,894		5,883
Home Equity	3,926		2,867		3,009		1,740		11,542		761,843		773,385		265
Automobile	4,688		971		322		—		5,981		250,005		255,986		—
Other ¹	2,426		5,295		790		—		8,511		246,178		254,689		—
Total Consumer	18,024		13,879		8,685		22,004		62,592		3,504,362		3,566,954		6,148
Total	$	20,657	$	15,841	$	9,858	$	36,445	$	82,801	$	6,012,586	$	6,095,387	$	10,529


¹	Comprised of other revolving credit, installment, and lease financing.


²	Represents non-accrual loans that are not past due 30 days or more; however, full payment of principal and interest is still not expected.

Schedule of information related to impaired loans

The following presents by class, information related to impaired loans as of March 31, 2014 and December 31, 2013.



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
March 31, 2014
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	13,040	$	18,298	$	—
Commercial Mortgage	7,174		7,174		—
Construction	1,053		1,065		—
Total Commercial	21,267		26,537		—
Consumer
Other ¹	12		12		—
Total Consumer	12		12		—
Total Impaired Loans with No Related Allowance Recorded	$	21,279	$	26,549	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	8,548	$	15,148	$	8,903
Total Commercial	8,548		15,148		8,903
Consumer
Residential Mortgage	31,344		37,304		3,598
Home Equity	955		955		16
Automobile	5,065		5,065		71
Other ¹	404		404		14
Total Consumer	37,768		43,728		3,699
Total Impaired Loans with an Allowance Recorded	$	46,316	$	58,876	$	12,602

Impaired Loans:
Commercial	$	29,815	$	41,685	$	8,903
Consumer	37,780		43,740		3,699
Total Impaired Loans	$	67,595	$	85,425	$	12,602

December 31, 2013
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	12,709	$	17,967	$	—
Commercial Mortgage	14,898		14,898		—
Construction	1,059		1,064		—
Total Commercial	28,666		33,929		—
Total Impaired Loans with No Related Allowance Recorded	$	28,666	$	33,929	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	9,803	$	16,403	$	9,054
Total Commercial	9,803		16,403		9,054
Consumer
Residential Mortgage	32,338		38,420		3,619
Home Equity	796		796		13
Automobile	5,183		5,183		77
Other ¹	329		329		13
Total Consumer	38,646		44,728		3,722
Total Impaired Loans with an Allowance Recorded	$	48,449	$	61,131	$	12,776

Impaired Loans:
Commercial	$	38,469	$	50,332	$	9,054
Consumer	38,646		44,728		3,722
Total Impaired Loans	$	77,115	$	95,060	$	12,776


¹	Comprised of other revolving credit and installment financing.

Schedule of the average recorded investment and interest income recognized on impaired loans

The following presents by class, information related to the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2014 and 2013.



	Three Months Ended March 31, 2014				Three Months Ended March 31, 2013
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	12,875	$	92	$	7,216	$	—
Commercial Mortgage	11,036		55		3,411		—
Construction	1,056		16		417		—
Total Commercial	24,967		163		11,044		—
Consumer
Other ¹	6		—		—		—
Total Consumer	6		—		—		—
Total Impaired Loans with No Related Allowance Recorded	$	24,973	$	163	$	11,044	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	9,176	$	28	$	2,008	$	50
Commercial Mortgage	—		—		56		8
Total Commercial	9,176		28		2,064		58
Consumer
Residential Mortgage	31,841		236		31,237		147
Home Equity	876		5		—		—
Automobile	5,124		107		5,468		133
Other ¹	367		8		280		3
Total Consumer	38,208		356		36,985		283
Total Impaired Loans with an Allowance Recorded	$	47,384	$	384	$	39,049	$	341

Impaired Loans:
Commercial	$	34,143	$	191	$	13,108	$	58
Consumer	38,214		356		36,985		283
Total Impaired Loans	$	72,357	$	547	$	50,093	$	341


¹	Comprised of other revolving credit and installment financing.

Schedule of loans modified in a TDR

The following presents by class, information related to loans modified in a TDR during the three months ended March 31, 2014 and 2013.



	Loans Modified as a TDR for the Three Months Ended March 31, 2014							Loans Modified as a TDR for the Three Months Ended March 31, 2013
			Recorded			Increase in				Recorded			Increase in
Troubled Debt Restructurings	Number of		Investment			Allowance		Number of		Investment			Allowance
(dollars in thousands)	Contracts	(as of period end)¹			(as of period end)			Contracts	(as of period end)¹			(as of period end)
Commercial
Commercial and Industrial	18		$	5,883		$	120	6		$	100		$	2
Commercial Mortgage	1		365			—		1		995			—
Total Commercial	19		6,248			120		7		1,095			2
Consumer
Residential Mortgage	2		733			23		3		1,131			185
Home Equity	1		74			1		—		—			—
Automobile	37		626			9		40		460			6
Other ²	10		95			3		—		—			—
Total Consumer	50		1,528			36		43		1,591			191
Total	69		$	7,776		$	156	50		$	2,686		$	193


¹	The period end balances reflect all paydowns and charge-offs since the modification date. TDRs fully paid-off, charged-off, or foreclosed upon by period end are not included.


²	Comprised of other revolving credit and installment financing.

Schedule of loans modified in a TDR that defaulted during the period, and within twelve months of their modification date by class

The following presents by class, all loans modified in a TDR that defaulted during the three months ended March 31, 2014 and 2013, and within twelve months of their modification date. A TDR is considered to be in default once it becomes 60 days or more past due following a modification.



	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
TDRs that Defaulted During the Period,		Recorded		Recorded
Within Twelve Months of their Modification Date	Number of	Investment		Number of	Investment
(dollars in thousands)	Contracts	(as of period end)¹		Contracts	(as of period end)¹
Consumer
Residential Mortgage	2	$	517	1	$	144
Automobile	4	53		8	85
Other ²	3	21		—	—
Total Consumer	9	591		9	229
Total	9	$	591	9	$	229


¹	The period end balances reflect all paydowns and charge-offs since the modification date. TDRs fully paid-off, charged-off, or foreclosed upon by period end are not included.


²	Comprised of other revolving credit and installment financing.