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

3 Months Ended

Mar. 31, 2015

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, 2015 and December 31, 2014:



(dollars in thousands)	March 31, 2015		December 31, 2014
Commercial
Commercial and Industrial	$	1,141,408	$	1,055,243
Commercial Mortgage	1,477,902		1,437,513
Construction	111,381		109,183
Lease Financing	224,419		226,189
Total Commercial	2,955,110		2,828,128
Consumer
Residential Mortgage	2,699,434		2,571,090
Home Equity	884,742		866,688
Automobile	339,686		323,848
Other ¹	299,656		307,835
Total Consumer	4,223,518		4,069,461
Total Loans and Leases	$	7,178,628	$	6,897,589


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, 2015 and 2014. 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, 2015 and 2014.



(dollars in thousands)	Commercial			Consumer			Total
Three Months Ended March 31, 2015
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	64,551		$	44,137		$	108,688
Loans and Leases Charged-Off	(235		)	(3,853		)	(4,088		)
Recoveries on Loans and Leases Previously Charged-Off	736			2,125			2,861
Net Loans and Leases Recovered (Charged-Off)	501			(1,728		)	(1,227		)
Provision for Credit Losses	782			(782		)	—
Balance at End of Period	$	65,834		$	41,627		$	107,461
As of March 31, 2015
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	2,212		$	3,534		$	5,746
Collectively Evaluated for Impairment	63,622			38,093			101,715
Total	$	65,834		$	41,627		$	107,461
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	26,084		$	39,453		$	65,537
Collectively Evaluated for Impairment	2,929,026			4,184,065			7,113,091
Total	$	2,955,110		$	4,223,518		$	7,178,628

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 Recovered (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

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, 2015 and December 31, 2014.



	March 31, 2015
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,096,131	$	1,400,719	$	109,608	$	223,942	$	2,830,400
Special Mention	14,982		33,841		—		91		48,914
Classified	30,295		43,342		1,773		386		75,796
Total	$	1,141,408	$	1,477,902	$	111,381	$	224,419	$	2,955,110

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other ¹		Total Consumer
Pass	$	2,684,218	$	880,349	$	339,149	$	298,894	$	4,202,610
Classified	15,216		4,393		537		762		20,908
Total	$	2,699,434	$	884,742	$	339,686	$	299,656	$	4,223,518
Total Recorded Investment in Loans and Leases									$	7,178,628



	December 31, 2014
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,001,474	$	1,358,812	$	107,381	$	225,783	$	2,693,450
Special Mention	17,364		45,082		—		17		62,463
Classified	36,405		33,619		1,802		389		72,215
Total	$	1,055,243	$	1,437,513	$	109,183	$	226,189	$	2,828,128

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other¹		Total Consumer
Pass	$	2,556,140	$	862,258	$	323,232	$	307,123	$	4,048,753
Classified	14,950		4,430		616		712		20,708
Total	$	2,571,090	$	866,688	$	323,848	$	307,835	$	4,069,461
Total Recorded Investment in Loans and Leases									$	6,897,589


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, 2015 and December 31, 2014.



(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, 2015
Commercial
Commercial and Industrial	$	2,852	$	180	$	—	$	8,641	$	11,673	$	1,129,735	$	1,141,408	$	7,402
Commercial Mortgage	1,126		34		—		732		1,892		1,476,010		1,477,902		508
Construction	—		—		—		—		—		111,381		111,381		—
Lease Financing	—		—		—		—		—		224,419		224,419		—
Total Commercial	3,978		214		—		9,373		13,565		2,941,545		2,955,110		7,910
Consumer
Residential Mortgage	6,702		2,208		3,914		14,344		27,168		2,672,266		2,699,434		1,515
Home Equity	3,804		1,378		2,425		2,965		10,572		874,170		884,742		965
Automobile	6,126		963		537		—		7,626		332,060		339,686		—
Other ¹	2,122		1,200		1,078		—		4,400		295,256		299,656		—
Total Consumer	18,754		5,749		7,954		17,309		49,766		4,173,752		4,223,518		2,480
Total	$	22,732	$	5,963	$	7,954	$	26,682	$	63,331	$	7,115,297	$	7,178,628	$	10,390

As of December 31, 2014
Commercial
Commercial and Industrial	$	992	$	356	$	2	$	9,088	$	10,438	$	1,044,805	$	1,055,243	$	7,819
Commercial Mortgage	458		—		—		745		1,203		1,436,310		1,437,513		—
Construction	—		—		—		—		—		109,183		109,183		—
Lease Financing	—		—		—		—		—		226,189		226,189		—
Total Commercial	1,450		356		2		9,833		11,641		2,816,487		2,828,128		7,819
Consumer
Residential Mortgage	4,907		2,107		4,506		14,841		26,361		2,544,729		2,571,090		632
Home Equity	3,461		2,661		2,596		3,097		11,815		854,873		866,688		375
Automobile	7,862		1,483		616		—		9,961		313,887		323,848		—
Other ¹	2,416		1,049		941		—		4,406		303,429		307,835		—
Total Consumer	18,646		7,300		8,659		17,938		52,543		4,016,918		4,069,461		1,007
Total	$	20,096	$	7,656	$	8,661	$	27,771	$	64,184	$	6,833,405	$	6,897,589	$	8,826


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, 2015 and December 31, 2014.



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
March 31, 2015
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	11,798	$	17,102
Commercial Mortgage	6,407		6,407
Construction	1,668		1,668
Total Commercial	19,873		25,177		—
Total Impaired Loans with No Related Allowance Recorded	$	19,873	$	25,177	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	6,211	$	12,811	$	2,212
Total Commercial	6,211		12,811		2,212
Consumer
Residential Mortgage	31,725		37,786		3,408
Home Equity	1,203		1,203		18
Automobile	5,546		5,546		76
Other ¹	979		979		32
Total Consumer	39,453		45,514		3,534
Total Impaired Loans with an Allowance Recorded	$	45,664	$	58,325	$	5,746

Impaired Loans:
Commercial	$	26,084	$	37,988	$	2,212
Consumer	39,453		45,514		3,534
Total Impaired Loans	$	65,537	$	83,502	$	5,746

December 31, 2014
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	9,763	$	15,013	$	—
Commercial Mortgage	6,480		6,480		—
Construction	1,689		1,689		—
Total Commercial	17,932		23,182		—
Total Impaired Loans with No Related Allowance Recorded	$	17,932	$	23,182	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	7,184	$	13,784	$	2,387
Total Commercial	7,184		13,784		2,387
Consumer
Residential Mortgage	32,331		37,989		3,445
Home Equity	1,012		1,012		16
Automobile	5,375		5,375		66
Other ¹	913		913		34
Total Consumer	39,631		45,289		3,561
Total Impaired Loans with an Allowance Recorded	$	46,815	$	59,073	$	5,948

Impaired Loans:
Commercial	$	25,116	$	36,966	$	2,387
Consumer	39,631		45,289		3,561
Total Impaired Loans	$	64,747	$	82,255	$	5,948

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, 2015 and 2014.



	Three Months Ended March 31, 2015				Three Months Ended March 31, 2014
(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	$	10,781	$	98	$	12,875	$	92
Commercial Mortgage	6,444		65		11,036		55
Construction	1,679		27		1,056		16
Total Commercial	18,904		190		24,967		163
Consumer
Other ¹	—		—		6		—
Total Consumer	—		—		6		—
Total Impaired Loans with No Related Allowance Recorded	$	18,904	$	190	$	24,973	$	163

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	6,698	$	26	$	9,176	$	28
Total Commercial	6,698		26		9,176		28
Consumer
Residential Mortgage	32,028		267		31,841		236
Home Equity	1,108		8		876		5
Automobile	5,461		104		5,124		107
Other ¹	946		22		367		8
Total Consumer	39,543		401		38,208		356
Total Impaired Loans with an Allowance Recorded	$	46,241	$	427	$	47,384	$	384

Impaired Loans:
Commercial	$	25,602	$	216	$	34,143	$	191
Consumer	39,543		401		38,214		356
Total Impaired Loans	$	65,145	$	617	$	72,357	$	547


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, 2015 and 2014.



	Loans Modified as a TDR for the Three Months Ended March 31, 2015							Loans Modified as a TDR for the Three Months Ended March 31, 2014
			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	17		$	2,687		$	1	18		$	5,883		$	120
Commercial Mortgage	1		507			—		1		365			—
Total Commercial	18		3,194			1		19		6,248			120
Consumer
Residential Mortgage	5		2,122			61		2		733			23
Home Equity	2		203			3		1		74			1
Automobile	35		780			11		37		626			9
Other ²	22		151			5		10		95			3
Total Consumer	64		3,256			80		50		1,528			36
Total	82		$	6,450		$	81	69		$	7,776		$	156


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, 2015 and 2014, 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, 2015			Three Months Ended March 31, 2014
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	1	$	306	2	$	517
Automobile	7	152		4	53
Other ²	8	61		3	21
Total Consumer	16	519		9	591
Total	16	$	519	9	$	591


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.