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

9 Months Ended

Sep. 30, 2017

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 September 30, 2017 and December 31, 2016:



(dollars in thousands)	September 30, 2017		December 31, 2016
Commercial
Commercial and Industrial	$	1,252,238	$	1,249,791
Commercial Mortgage	2,050,998		1,889,551
Construction	232,487		270,018
Lease Financing	204,240		208,332
Total Commercial	3,739,963		3,617,692
Consumer
Residential Mortgage	3,366,634		3,163,073
Home Equity	1,528,353		1,334,163
Automobile	506,102		454,333
Other ¹	432,904		380,524
Total Consumer	5,833,993		5,332,093
Total Loans and Leases	$	9,573,956	$	8,949,785


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 nine months ended September 30, 2017 and 2016. 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 September 30, 2017 and 2016.



(dollars in thousands)	Commercial			Consumer			Total
Three Months Ended September 30, 2017
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	66,182		$	40,171		$	106,353
Loans and Leases Charged-Off	(611		)	(5,607		)	(6,218		)
Recoveries on Loans and Leases Previously Charged-Off	598			2,148			2,746
Net Loans and Leases Recovered (Charged-Off)	(13		)	(3,459		)	(3,472		)
Provision for Credit Losses	295			3,705			4,000
Balance at End of Period	$	66,464		$	40,417		$	106,881
Nine Months Ended September 30, 2017
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	65,680		$	38,593		$	104,273
Loans and Leases Charged-Off	(909		)	(16,500		)	(17,409		)
Recoveries on Loans and Leases Previously Charged-Off	1,200			6,167			7,367
Net Loans and Leases Recovered (Charged-Off)	291			(10,333		)	(10,042		)
Provision for Credit Losses	493			12,157			12,650
Balance at End of Period	$	66,464		$	40,417		$	106,881
As of September 30, 2017
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	136		$	3,762		$	3,898
Collectively Evaluated for Impairment	66,328			36,655			102,983
Total	$	66,464		$	40,417		$	106,881
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	21,738		$	39,385		$	61,123
Collectively Evaluated for Impairment	3,718,225			5,794,608			9,512,833
Total	$	3,739,963		$	5,833,993		$	9,573,956

Three Months Ended September 30, 2016
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	62,029		$	41,903		$	103,932
Loans and Leases Charged-Off	(209		)	(4,707		)	(4,916		)
Recoveries on Loans and Leases Previously Charged-Off	296			2,221			2,517
Net Loans and Leases Recovered (Charged-Off)	87			(2,486		)	(2,399		)
Provision for Credit Losses	442			2,058			2,500
Balance at End of Period	$	62,558		$	41,475		$	104,033
Nine Months Ended September 30, 2016
Allowance for Loan and Lease Losses:
Balance at Beginning of Period	$	60,714		$	42,166		$	102,880
Loans and Leases Charged-Off	(670		)	(12,888		)	(13,558		)
Recoveries on Loans and Leases Previously Charged-Off	7,619			5,592			13,211
Net Loans and Leases Recovered (Charged-Off)	6,949			(7,296		)	(347		)
Provision for Credit Losses	(5,105		)	6,605			1,500
Balance at End of Period	$	62,558		$	41,475		$	104,033
As of September 30, 2016
Allowance for Loan and Lease Losses:
Individually Evaluated for Impairment	$	11		$	3,436		$	3,447
Collectively Evaluated for Impairment	62,547			38,039			100,586
Total	$	62,558		$	41,475		$	104,033
Recorded Investment in Loans and Leases:
Individually Evaluated for Impairment	$	21,793		$	38,450		$	60,243
Collectively Evaluated for Impairment	3,467,761			5,166,093			8,633,854
Total	$	3,489,554		$	5,204,543		$	8,694,097

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 September 30, 2017 and December 31, 2016.



	September 30, 2017
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,206,294	$	1,997,523	$	231,033	$	203,806	$	3,638,656
Special Mention	18,593		30,744		13		—		49,350
Classified	27,351		22,731		1,441		434		51,957
Total	$	1,252,238	$	2,050,998	$	232,487	$	204,240	$	3,739,963

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other ¹		Total Consumer
Pass	$	3,357,447	$	1,521,919	$	505,296	$	432,211	$	5,816,873
Special Mention	—		1,764		—		—		1,764
Classified	9,187		4,670		806		693		15,356
Total	$	3,366,634	$	1,528,353	$	506,102	$	432,904	$	5,833,993
Total Recorded Investment in Loans and Leases									$	9,573,956



	December 31, 2016
(dollars in thousands)	Commercial and Industrial		Commercial Mortgage		Construction		Lease Financing		Total Commercial
Pass	$	1,203,025	$	1,792,119	$	264,287	$	207,386	$	3,466,817
Special Mention	20,253		66,734		4,218		5		91,210
Classified	26,513		30,698		1,513		941		59,665
Total	$	1,249,791	$	1,889,551	$	270,018	$	208,332	$	3,617,692

(dollars in thousands)	Residential Mortgage		Home Equity		Automobile		Other¹		Total Consumer
Pass	$	3,149,294	$	1,327,676	$	453,439	$	379,793	$	5,310,202
Special Mention	—		2,964		—		—		2,964
Classified	13,779		3,523		894		731		18,927
Total	$	3,163,073	$	1,334,163	$	454,333	$	380,524	$	5,332,093
Total Recorded Investment in Loans and Leases									$	8,949,785


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 September 30, 2017 and December 31, 2016.



(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 September 30, 2017
Commercial
Commercial and Industrial	$	2,063	$	206	$	5	$	901	$	3,175	$	1,249,063	$	1,252,238	$	162
Commercial Mortgage	1,321		619		—		1,425		3,365		2,047,633		2,050,998		404
Construction	—		—		—		—		—		232,487		232,487		—
Lease Financing	—		—		—		—		—		204,240		204,240		—
Total Commercial	3,384		825		5		2,326		6,540		3,733,423		3,739,963		566
Consumer
Residential Mortgage	3,838		1,456		2,933		9,188		17,415		3,349,219		3,366,634		1,517
Home Equity	2,588		1,017		1,392		4,128		9,125		1,519,228		1,528,353		1,300
Automobile	9,743		1,623		806		—		12,172		493,930		506,102		—
Other ¹	2,772		1,912		1,528		—		6,212		426,692		432,904		—
Total Consumer	18,941		6,008		6,659		13,316		44,924		5,789,069		5,833,993		2,817
Total	$	22,325	$	6,833	$	6,664	$	15,642	$	51,464	$	9,522,492	$	9,573,956	$	3,383

As of December 31, 2016
Commercial
Commercial and Industrial	$	10,698	$	1,016	$	—	$	151	$	11,865	$	1,237,926	$	1,249,791	$	—
Commercial Mortgage	128		17		—		997		1,142		1,888,409		1,889,551		416
Construction	—		—		—		—		—		270,018		270,018		—
Lease Financing	—		—		—		—		—		208,332		208,332		—
Total Commercial	10,826		1,033		—		1,148		13,007		3,604,685		3,617,692		416
Consumer
Residential Mortgage	6,491		106		3,127		13,780		23,504		3,139,569		3,163,073		1,628
Home Equity	3,063		2,244		1,457		3,147		9,911		1,324,252		1,334,163		1,015
Automobile	11,692		2,162		894		—		14,748		439,585		454,333		—
Other ¹	3,200		1,532		1,592		—		6,324		374,200		380,524		—
Total Consumer	24,446		6,044		7,070		16,927		54,487		5,277,606		5,332,093		2,643
Total	$	35,272	$	7,077	$	7,070	$	18,075	$	67,494	$	8,882,291	$	8,949,785	$	3,059


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 September 30, 2017 and December 31, 2016.



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance for Loan Losses
September 30, 2017
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	8,967	$	16,279	$	—
Commercial Mortgage	9,450		12,950		—
Construction	1,441		1,440		—
Total Commercial	19,858		30,669		—
Total Impaired Loans with No Related Allowance Recorded	$	19,858	$	30,669	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	656	$	656	$	14
Commercial Mortgage	1,224		1,224		122
Total Commercial	1,880		1,880		136
Consumer
Residential Mortgage	21,401		26,140		3,117
Home Equity	1,810		1,810		267
Automobile	13,612		13,612		304
Other ¹	2,562		2,562		74
Total Consumer	39,385		44,124		3,762
Total Impaired Loans with an Allowance Recorded	$	41,265	$	46,004	$	3,898

Impaired Loans:
Commercial	$	21,738	$	32,549	$	136
Consumer	39,385		44,124		3,762
Total Impaired Loans	$	61,123	$	76,673	$	3,898

December 31, 2016
Impaired Loans with No Related Allowance Recorded:
Commercial
Commercial and Industrial	$	9,556	$	16,518	$	—
Commercial Mortgage	9,373		12,873		—
Construction	1,513		1,513		—
Total Commercial	20,442		30,904		—
Total Impaired Loans with No Related Allowance Recorded	$	20,442	$	30,904	$	—

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	765	$	765	$	24
Commercial Mortgage	365		365		21
Total Commercial	1,130		1,130		45
Consumer
Residential Mortgage	25,625		30,615		3,224
Home Equity	1,516		1,516		15
Automobile	9,660		9,660		206
Other ¹	2,325		2,325		65
Total Consumer	39,126		44,116		3,510
Total Impaired Loans with an Allowance Recorded	$	40,256	$	45,246	$	3,555

Impaired Loans:
Commercial	$	21,572	$	32,034	$	45
Consumer	39,126		44,116		3,510
Total Impaired Loans	$	60,698	$	76,150	$	3,555

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 nine months ended September 30, 2017 and 2016.



	Three Months Ended September 30, 2017				Three Months Ended September 30, 2016
(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	$	8,592	$	106	$	9,762	$	115
Commercial Mortgage	9,512		61		9,848		90
Construction	1,453		23		1,548		25
Total Commercial	19,557		190		21,158		230
Total Impaired Loans with No Related Allowance Recorded	$	19,557	$	190	$	21,158	$	230

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	640	$	11	$	681	$	27
Commercial Mortgage	771		31		194		5
Total Commercial	1,411		42		875		32
Consumer
Residential Mortgage	21,674		209		27,172		235
Home Equity	1,773		20		1,428		15
Automobile	12,895		217		7,908		129
Other ¹	2,615		52		2,064		44
Total Consumer	38,957		498		38,572		423
Total Impaired Loans with an Allowance Recorded	$	40,368	$	540	$	39,447	$	455

Impaired Loans:
Commercial	$	20,968	$	232	$	22,033	$	262
Consumer	38,957		498		38,572		423
Total Impaired Loans	$	59,925	$	730	$	60,605	$	685

	Nine Months Ended September 30, 2017				Nine Months Ended September 30, 2016
(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	$	8,989	$	248	$	11,061	$	333
Commercial Mortgage	9,390		223		10,040		252
Construction	1,477		71		1,570		76
Total Commercial	19,856		542		22,671		661
Total Impaired Loans with No Related Allowance Recorded	$	19,856	$	542	$	22,671	$	661

Impaired Loans with an Allowance Recorded:
Commercial
Commercial and Industrial	$	684	$	31	$	983	$	59
Commercial Mortgage	562		39		97		5
Total Commercial	1,246		70		1,080		64
Consumer
Residential Mortgage	23,331		635		27,889		736
Home Equity	1,642		57		1,365		50
Automobile	11,592		581		7,553		376
Other ¹	2,553		162		1,922		126
Total Consumer	39,118		1,435		38,729		1,288
Total Impaired Loans with an Allowance Recorded	$	40,364	$	1,505	$	39,809	$	1,352

Impaired Loans:
Commercial	$	21,102	$	612	$	23,751	$	725
Consumer	39,118		1,435		38,729		1,288
Total Impaired Loans	$	60,220	$	2,047	$	62,480	$	2,013


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 nine months ended September 30, 2017 and 2016.



	Loans Modified as a TDR for the Three Months Ended September 30, 2017							Loans Modified as a TDR for the Three Months Ended September 30, 2016
			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	1		$	198		$	—	4		$	97		$	1
Commercial Mortgage	2		1,307			93		1		208			2
Total Commercial	3		1,505			93		5		305			3
Consumer
Residential Mortgage	—		—			—		3		547			258
Home Equity	2		203			1		—		—			—
Automobile	123		2,636			59		79		1,678			38
Other ²	34		383			9		62		510			14
Total Consumer	159		3,222			69		144		2,735			310
Total	162		$	4,727		$	162	149		$	3,040		$	313

	Loans Modified as a TDR for the Nine Months Ended September 30, 2017							Loans Modified as a TDR for the Nine Months Ended September 30, 2016
			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	12		$	7,485		$	12	6		$	3,084		$	1
Commercial Mortgage	3		2,007			93		1		208			2
Total Commercial	15		9,492			105		7		3,292			3
Consumer
Residential Mortgage	—		—			—		8		3,025			274
Home Equity	3		442			5		1		476			5
Automobile	326		6,657			149		184		3,617			82
Other ²	136		1,131			28		155		1,127			31
Total Consumer	465		8,230			182		348		8,245			392
Total	480		$	17,722		$	287	355		$	11,537		$	395


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 nine months ended September 30, 2017 and 2016, 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 September 30, 2017			Three Months Ended September 30, 2016
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
Automobile	15	$	373	1	$	3
Other ²	13	83		—	—
Total Consumer	28	456		1	3
Total	28	$	456	1	$	3

	Nine Months Ended September 30, 2017			Nine Months Ended September 30, 2016
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	$	49	—	$	—
Total Commercial	1	49		—	—

Consumer
Residential Mortgage	—	—		3	1,044
Home Equity	—	—		1	158
Automobile	23	551		3	47
Other ²	33	184		18	110
Total Consumer	56	735		25	1,359
Total	57	$	784	25	$	1,359


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.