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Loans and Leases and the Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Jun. 30, 2016
Loans and Leases and Allowance for Loan and Lease Losses [Abstract]  
Schedule of Loan and Lease Portfolio
The Company’s loan and lease portfolio was comprised of the following as of June 30, 2016 and December 31, 2015:

(dollars in thousands)
June 30,
2016

 
December 31,
2015

Commercial
 

 
 

Commercial and Industrial
$
1,174,879

 
$
1,115,168

Commercial Mortgage
1,712,271

 
1,677,147

Construction
226,062

 
156,660

Lease Financing
192,630

 
204,877

Total Commercial
3,305,842

 
3,153,852

Consumer
 

 
 

Residential Mortgage
3,032,981

 
2,925,605

Home Equity
1,213,154

 
1,069,400

Automobile
417,017

 
381,735

Other 1
362,475

 
348,393

Total Consumer
5,025,627

 
4,725,133

Total Loans and Leases
$
8,331,469

 
$
7,878,985

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 and six months ended June 30, 2016 and 2015.  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 June 30, 2016 and 2015.

(dollars in thousands)
Commercial

 
Consumer

 
Total

Three Months Ended June 30, 2016
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Balance at Beginning of Period
$
61,810

 
$
42,867

 
$
104,677

Loans and Leases Charged-Off
(204
)
 
(3,551
)
 
(3,755
)
Recoveries on Loans and Leases Previously Charged-Off
418

 
1,592

 
2,010

Net Loans and Leases Recovered (Charged-Off)
214

 
(1,959
)
 
(1,745
)
Provision for Credit Losses
5

 
995

 
1,000

Balance at End of Period
$
62,029

 
$
41,903

 
$
103,932

Six Months Ended June 30, 2016
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Balance at Beginning of Period
$
60,714

 
$
42,166

 
$
102,880

Loans and Leases Charged-Off
(461
)
 
(8,181
)
 
(8,642
)
Recoveries on Loans and Leases Previously Charged-Off
7,323

 
3,371

 
10,694

Net Loans and Leases Recovered (Charged-Off)
6,862

 
(4,810
)
 
2,052

Provision for Credit Losses
(5,547
)
 
4,547

 
(1,000
)
Balance at End of Period
$
62,029

 
$
41,903

 
$
103,932

As of June 30, 2016
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Individually Evaluated for Impairment
$
7

 
$
3,195

 
$
3,202

Collectively Evaluated for Impairment
62,022

 
38,708

 
100,730

Total
$
62,029

 
$
41,903

 
$
103,932

Recorded Investment in Loans and Leases:
 

 
 

 
 

Individually Evaluated for Impairment
$
22,271

 
$
38,691

 
$
60,962

Collectively Evaluated for Impairment
3,283,571

 
4,986,936

 
8,270,507

Total
$
3,305,842

 
$
5,025,627

 
$
8,331,469

 
 
 
 
 
 
Three Months Ended June 30, 2015
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Balance at Beginning of Period
$
65,834

 
$
41,627

 
$
107,461

Loans and Leases Charged-Off
(255
)
 
(3,241
)
 
(3,496
)
Recoveries on Loans and Leases Previously Charged-Off
486

 
1,555

 
2,041

Net Loans and Leases Recovered (Charged-Off)
231

 
(1,686
)
 
(1,455
)
Provision for Credit Losses
940

 
(940
)
 
—

Balance at End of Period
$
67,005

 
$
39,001

 
$
106,006

Six Months Ended June 30, 2015
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Balance at Beginning of Period
$
64,551

 
$
44,137

 
$
108,688

Loans and Leases Charged-Off
(490
)
 
(7,094
)
 
(7,584
)
Recoveries on Loans and Leases Previously Charged-Off
1,222

 
3,680

 
4,902

Net Loans and Leases Recovered (Charged-Off)
732

 
(3,414
)
 
(2,682
)
Provision for Credit Losses
1,722

 
(1,722
)
 
—

Balance at End of Period
$
67,005

 
$
39,001

 
$
106,006

As of June 30, 2015
 

 
 

 
 

Allowance for Loan and Lease Losses:
 

 
 

 
 

Individually Evaluated for Impairment
$
2,160

 
$
3,405

 
$
5,565

Collectively Evaluated for Impairment
64,845

 
35,596

 
100,441

Total
$
67,005

 
$
39,001

 
$
106,006

Recorded Investment in Loans and Leases:
 

 
 

 
 

Individually Evaluated for Impairment
$
27,512

 
$
39,267

 
$
66,779

Collectively Evaluated for Impairment
3,015,259

 
4,346,400

 
7,361,659

Total
$
3,042,771

 
$
4,385,667

 
$
7,428,438
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 June 30, 2016 and December 31, 2015.
 
June 30, 2016
(dollars in thousands)
Commercial
and Industrial

 
Commercial
Mortgage

 
Construction

 
Lease
Financing

 
Total
Commercial

Pass
$
1,124,700

 
$
1,621,114

 
$
214,430

 
$
192,302

 
$
3,152,546

Special Mention
17,144

 
56,953

 
10,073

 
7

 
84,177

Classified
33,035

 
34,204

 
1,559

 
321

 
69,119

Total
$
1,174,879

 
$
1,712,271

 
$
226,062

 
$
192,630

 
$
3,305,842

 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Residential
Mortgage

 
Home
Equity

 
Automobile

 
Other 1

 
Total
Consumer

Pass
$
3,019,706

 
$
1,209,502

 
$
416,553

 
$
361,592

 
$
5,007,353

Classified
13,275

 
3,652

 
464

 
883

 
18,274

Total
$
3,032,981

 
$
1,213,154

 
$
417,017

 
$
362,475

 
$
5,025,627

Total Recorded Investment in Loans and Leases
 
 

 
 

 
 

 
$
8,331,469

 
December 31, 2015
(dollars in thousands)
Commercial
and Industrial

 
Commercial
Mortgage

 
Construction

 
Lease
Financing

 
Total
Commercial

Pass
$
1,059,475

 
$
1,591,696

 
$
154,976

 
$
204,348

 
$
3,010,495

Special Mention
28,076

 
43,674

 
80

 
76

 
71,906

Classified
27,617

 
41,777

 
1,604

 
453

 
71,451

Total
$
1,115,168

 
$
1,677,147

 
$
156,660

 
$
204,877

 
$
3,153,852

 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
Residential
Mortgage

 
Home
Equity

 
Automobile

 
Other 1

 
Total
Consumer

Pass
$
2,910,667

 
$
1,064,253

 
$
381,420

 
$
347,710

 
$
4,704,050

Classified
14,938

 
5,147

 
315

 
683

 
21,083

Total
$
2,925,605

 
$
1,069,400

 
$
381,735

 
$
348,393

 
$
4,725,133

Total Recorded Investment in Loans and Leases
 
 

 
 

 
 

 
$
7,878,985

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 June 30, 2016 and December 31, 2015.
(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 June 30, 2016
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and Industrial
$
502

 
$
596

 
$
—

 
$
269

 
$
1,367

 
$
1,173,512

 
$
1,174,879

 
$
176

Commercial Mortgage
491

 
1,817

 
—

 
1,194

 
3,502

 
1,708,769

 
1,712,271

 
442

Construction
—

 
—

 
—

 
—

 
—

 
226,062

 
226,062

 
—

Lease Financing
—

 
—

 
—

 
—

 
—

 
192,630

 
192,630

 
—

Total Commercial
993

 
2,413

 
—

 
1,463

 
4,869

 
3,300,973

 
3,305,842

 
618

Consumer
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential Mortgage
2,722

 
2,137

 
5,640

 
9,979

 
20,478

 
3,012,503

 
3,032,981

 
819

Home Equity
2,246

 
1,062

 
1,128

 
3,110

 
7,546

 
1,205,608

 
1,213,154

 
892

Automobile
8,790

 
1,370

 
464

 
—

 
10,624

 
406,393

 
417,017

 
—

Other 1
2,302

 
1,300

 
1,518

 
—

 
5,120

 
357,355

 
362,475

 
—

Total Consumer
16,060

 
5,869

 
8,750

 
13,089

 
43,768

 
4,981,859

 
5,025,627

 
1,711

Total
$
17,053

 
$
8,282

 
$
8,750

 
$
14,552

 
$
48,637

 
$
8,282,832

 
$
8,331,469

 
$
2,329

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Commercial and Industrial
$
1,118

 
$
359

 
$
—

 
$
5,829

 
$
7,306

 
$
1,107,862

 
$
1,115,168

 
$
452

Commercial Mortgage
1,245

 
27

 
—

 
3,469

 
4,741

 
1,672,406

 
1,677,147

 
2,890

Construction
2,120

 
—

 
—

 
—

 
2,120

 
154,540

 
156,660

 
—

Lease Financing
—

 
—

 
—

 
—

 
—

 
204,877

 
204,877

 
—

Total Commercial
4,483


386


—

 
9,298

 
14,167

 
3,139,685

 
3,153,852

 
3,342

Consumer
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Residential Mortgage
7,148

 
3,993

 
4,453

 
14,598

 
30,192

 
2,895,413

 
2,925,605

 
2,056

Home Equity
3,856

 
1,906

 
1,710

 
4,081

 
11,553

 
1,057,847

 
1,069,400

 
1,710

Automobile
8,103

 
1,803

 
315

 
—

 
10,221

 
371,514

 
381,735

 
—

Other 1
2,281

 
1,448

 
1,096

 
—

 
4,825

 
343,568

 
348,393

 
—

Total Consumer
21,388

 
9,150

 
7,574

 
18,679

 
56,791

 
4,668,342

 
4,725,133

 
3,766

Total
$
25,871

 
$
9,536

 
$
7,574

 
$
27,977

 
$
70,958

 
$
7,808,027

 
$
7,878,985

 
$
7,108

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 June 30, 2016 and December 31, 2015.

(dollars in thousands)
Recorded
 Investment

 
Unpaid
 Principal
 Balance

 
Related 
Allowance for 
Loan Losses

June 30, 2016
 

 
 

 
 

Impaired Loans with No Related Allowance Recorded:
 

 
 

 
 

Commercial
 

 
 

 
 

Commercial and Industrial
$
9,995

 
$
16,957

 
$
—

Commercial Mortgage
10,062

 
13,562

 
—

Construction
1,559

 
1,559

 
—

Total Commercial
21,616

 
32,078

 
—

Total Impaired Loans with No Related Allowance Recorded
$
21,616

 
$
32,078

 
$
—

 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 

 
 

 
 

Commercial
 

 
 

 
 

Commercial and Industrial
$
655

 
$
655

 
$
7

Total Commercial
655

 
655

 
7

Consumer
 

 
 

 
 

Residential Mortgage
27,758

 
33,275

 
2,948

Home Equity
1,506

 
1,506

 
19

Automobile
7,460

 
7,460

 
170

Other 1
1,967

 
1,967

 
58

Total Consumer
38,691

 
44,208

 
3,195

Total Impaired Loans with an Allowance Recorded
$
39,346

 
$
44,863

 
$
3,202

 
 
 
 
 
 
Impaired Loans:
 
 
 
 
 
Commercial
$
22,271

 
$
32,733

 
$
7

Consumer
38,691

 
44,208

 
3,195

Total Impaired Loans
$
60,962

 
$
76,941

 
$
3,202

 
 
 
 
 
 
December 31, 2015
 

 
 

 
 

Impaired Loans with No Related Allowance Recorded:
 

 
 

 
 

Commercial
 

 
 

 
 

Commercial and Industrial
$
14,650

 
$
28,212

 
$
—

Commercial Mortgage
10,407

 
13,907

 
—

Construction
1,604

 
1,604

 
—

Total Commercial
26,661

 
43,723

 
—

Total Impaired Loans with No Related Allowance Recorded
$
26,661

 
$
43,723

 
$
—

 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 

 
 

 
 

Commercial
 

 
 

 
 

Commercial and Industrial
$
1,289

 
$
1,289

 
$
205

Total Commercial
1,289

 
1,289

 
205

Consumer
 

 
 

 
 

Residential Mortgage
28,981

 
34,694

 
3,171

Home Equity
1,089

 
1,089

 
12

Automobile
7,012

 
7,012

 
143

Other 1
1,665

 
1,665

 
47

Total Consumer
38,747

 
44,460

 
3,373

Total Impaired Loans with an Allowance Recorded
$
40,036

 
$
45,749

 
$
3,578

 
 
 
 
 
 
Impaired Loans:
 

 
 

 
 

Commercial
$
27,950

 
$
45,012

 
$
205

Consumer
38,747

 
44,460

 
3,373

Total Impaired Loans
$
66,697

 
$
89,472

 
$
3,578

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 and six months ended June 30, 2016 and 2015.

 
Three Months Ended
June 30, 2016
 
Three Months Ended
June 30, 2015
(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
$
10,032

 
$
112

 
$
12,201

 
$
110

Commercial Mortgage
10,059

 
93

 
6,690

 
66

Construction
1,570

 
25

 
1,658

 
27

Total Commercial
21,661

 
230

 
20,549

 
203

Total Impaired Loans with No Related Allowance Recorded
$
21,661

 
$
230

 
$
20,549

 
$
203

 
 
 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 

 
 

 
 

 
 

Commercial
 

 
 

 
 

 
 

Commercial and Industrial
$
968

 
$
12

 
$
6,250

 
$
28

Total Commercial
968

 
12

 
6,250

 
28

Consumer
 

 
 

 
 

 
 

Residential Mortgage
27,995

 
250

 
31,455

 
264

Home Equity
1,511

 
18

 
1,197

 
11

Automobile
7,422

 
125

 
5,667

 
111

Other 1
1,932

 
43

 
1,042

 
27

Total Consumer
38,860

 
436

 
39,361

 
413

Total Impaired Loans with an Allowance Recorded
$
39,828

 
$
448

 
$
45,611

 
$
441

 
 
 
 
 
 
 
 
Impaired Loans:
 

 
 

 
 

 
 

Commercial
$
22,629

 
$
242

 
$
26,799

 
$
231

Consumer
38,860

 
436

 
39,361

 
413

Total Impaired Loans
$
61,489

 
$
678

 
$
66,160

 
$
644

 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2015
(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
$
11,571

 
$
218

 
$
11,388

 
$
208

Commercial Mortgage
10,175

 
162

 
6,620

 
131

Construction
1,581

 
51

 
1,668

 
54

Total Commercial
23,327

 
431

 
19,676

 
393

Total Impaired Loans with No Related Allowance Recorded
$
23,327

 
$
431

 
$
19,676

 
$
393

 
 
 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 
 

 
 

 
 

Commercial
 

 
 

 
 

 
 

Commercial and Industrial
$
1,075

 
$
32

 
$
6,561

 
$
54

Total Commercial
1,075

 
32

 
6,561

 
54

Consumer
 

 
 

 
 

 
 

Residential Mortgage
28,323

 
501

 
31,747

 
531

Home Equity
1,370

 
35

 
1,135

 
19

Automobile
7,285

 
247

 
5,569

 
215

Other 1
1,843

 
82

 
999

 
49

Total Consumer
38,821

 
865

 
39,450

 
814

Total Impaired Loans with an Allowance Recorded
$
39,896

 
$
897

 
$
46,011

 
$
868

 
 
 
 
 
 
 
 
Impaired Loans:
 

 
 

 
 

 
 

Commercial
$
24,402

 
$
463

 
$
26,237

 
$
447

Consumer
38,821

 
865

 
39,450

 
814

Total Impaired Loans
$
63,223

 
$
1,328

 
$
65,687

 
$
1,261

1 
Comprised of other revolving credit and installment financing.
Schedule of Loans Modified in a TDR and TDRs that Defaulted During the Period Within 12 mos of Modification Date
The following presents by class, information related to loans modified in a TDR during the three and six months ended June 30, 2016 and 2015.
 
Loans Modified as a TDR for the
Three Months Ended June 30, 2016
 
Loans Modified as a TDR for the
Three Months Ended June 30, 2015
 
 

 
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
16

 
$
2,955

 
$
—

 
22

 
$
4,535

 
$
2

Commercial Mortgage
—

 
—

 
—

 
1

 
624

 
62

Total Commercial
16

 
2,955

 
—

 
23

 
5,159

 
64

Consumer
 

 
 

 
 

 
 

 
 

 
 

Residential Mortgage
1

 
440

 
—

 
5

 
1,414

 
92

Automobile
53

 
977

 
22

 
40

 
888

 
14

Other 2
40

 
271

 
8

 
33

 
254

 
7

Total Consumer
94

 
1,688

 
30

 
78

 
2,556

 
113

Total
110

 
$
4,643

 
$
30

 
101

 
$
7,715

 
$
177

 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Modified as a TDR for the
Six Months Ended June 30, 2016
 
Loans Modified as a TDR for the
Six Months Ended June 30, 2015
 
 

 
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

 
$
3,102

 
$
2

 
27

 
$
4,611

 
$
3

Commercial Mortgage
—

 
—

 
—

 
2

 
1,115

 
62

Total Commercial
18

 
3,102

 
2

 
29

 
5,726

 
65

Consumer
 

 
 

 
 

 
 

 
 

 
 

Residential Mortgage
4

 
1,610

 
15

 
10

 
3,488

 
136

Home Equity
1

 
478

 
6

 
2

 
203

 
2

Automobile
108

 
2,008

 
48

 
75

 
1,645

 
27

Other 2
99

 
684

 
19

 
53

 
383

 
11

Total Consumer
212

 
4,780

 
88

 
140

 
5,719

 
176

Total
230

 
$
7,882

 
$
90

 
169

 
$
11,445

 
$
241

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.
The following presents by class, all loans modified in a TDR that defaulted during the three and six months ended June 30, 2016 and 2015, 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
June 30, 2016
 
Three Months Ended
June 30, 2015
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

Commercial
 
 
 
 
 
 
 
Commercial and Industrial
—

 
$
—

 
1

 
$
4,471

Total Commercial
—

 
—

 
1

 
4,471

 
 
 
 
 
 
 
 
Consumer
 
 
 

 
 

 
 

Residential Mortgage
1

 
43

 
—

 
—

Automobile
3

 
21

 
5

 
86

Other 2
9

 
70

 
12

 
70

Total Consumer
13

 
134


17

 
156

Total
13

 
$
134

 
18

 
$
4,627

 
 
 
 
 
 
 
 
 
Six Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2015
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

Commercial
 
 
 
 
 
 
 
Commercial and Industrial
—

 
$
—

 
1

 
$
4,471

Total Commercial
—

 
—

 
1

 
4,471

 
 
 
 
 
 
 
 
Consumer
 

 
 

 
 

 
 

Residential Mortgage
3

 
1,056

 
1

 
305

Home Equity
1

 
162

 
—

 
—

Automobile
4

 
57

 
7

 
120

Other 2
22

 
142

 
16

 
99

Total Consumer
30

 
1,417

 
24

 
524

Total
30

 
$
1,417

 
25

 
$
4,995


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.