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Loans and Leases and the Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2017
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 December 31, 2017 and 2016:
 
December 31,
(dollars in thousands)
2017

 
2016

Commercial
 
 
 
Commercial and Industrial
$
1,279,347

 
$
1,249,791

Commercial Mortgage
2,103,967

 
1,889,551

Construction
202,253

 
270,018

Lease Financing
180,931

 
208,332

Total Commercial
3,766,498

 
3,617,692

Consumer
 
 
 
Residential Mortgage
3,466,773

 
3,163,073

Home Equity
1,585,455

 
1,334,163

Automobile
528,474

 
454,333

Other 1
449,747

 
380,524

Total Consumer
6,030,449

 
5,332,093

Total Loans and Leases
$
9,796,947

 
$
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 years ended December 31, 2017, 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 December 31, 2017, 2016, and 2015.
(dollars in thousands)
Commercial

 
Consumer

 
Total

For the Year Ended December 31, 2017
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Balance at Beginning of Period
$
65,680

 
$
38,593

 
$
104,273

Loans and Leases Charged-Off
(1,408
)
 
(21,847
)
 
(23,255
)
Recoveries on Loans and Leases Previously Charged-Off
1,485

 
7,943

 
9,428

Net Loans and Leases Recovered (Charged-Off)
77

 
(13,904
)
 
(13,827
)
Provision for Credit Losses
65

 
16,835

 
16,900

Balance at End of Period
$
65,822

 
$
41,524

 
$
107,346

As of December 31, 2017
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Individually Evaluated for Impairment
$
141

 
$
3,775

 
$
3,916

Collectively Evaluated for Impairment
65,681

 
37,749

 
103,430

Total
$
65,822

 
$
41,524

 
$
107,346

Recorded Investment in Loans and Leases:
 
 
 
 
 
Individually Evaluated for Impairment
$
20,216

 
$
41,002

 
$
61,218

Collectively Evaluated for Impairment
3,746,282

 
5,989,447

 
9,735,729

Total
$
3,766,498

 
$
6,030,449

 
$
9,796,947

 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Balance at Beginning of Period
$
60,714

 
$
42,166

 
$
102,880

Loans and Leases Charged-Off
(865
)
 
(17,644
)
 
(18,509
)
Recoveries on Loans and Leases Previously Charged-Off
8,137

 
7,015

 
15,152

Net Loans and Leases Recovered (Charged-Off)
7,272

 
(10,629
)
 
(3,357
)
Provision for Credit Losses
(2,306
)
 
7,056

 
4,750

Balance at End of Period
$
65,680

 
$
38,593

 
$
104,273

As of December 31, 2016
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Individually Evaluated for Impairment
$
45

 
$
3,510

 
$
3,555

Collectively Evaluated for Impairment
65,635

 
35,083

 
100,718

Total
$
65,680

 
$
38,593

 
$
104,273

Recorded Investment in Loans and Leases:
 
 
 
 
 
Individually Evaluated for Impairment
$
21,572

 
$
39,126

 
$
60,698

Collectively Evaluated for Impairment
3,596,120

 
5,292,967

 
8,889,087

Total
$
3,617,692

 
$
5,332,093

 
$
8,949,785

 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Balance at Beginning of Period
$
64,551

 
$
44,137

 
$
108,688

Loans and Leases Charged-Off
(954
)
 
(15,485
)
 
(16,439
)
Recoveries on Loans and Leases Previously Charged-Off
2,173

 
7,458

 
9,631

Net Loans and Leases Recovered (Charged-Off)
1,219

 
(8,027
)
 
(6,808
)
Provision for Credit Losses
(5,056
)
 
6,056

 
1,000

Balance at End of Period
$
60,714

 
$
42,166

 
$
102,880

As of December 31, 2015
 
 
 
 
 
Allowance for Loan and Lease Losses:
 
 
 
 
 
Individually Evaluated for Impairment
$
205

 
$
3,373

 
$
3,578

Collectively Evaluated for Impairment
60,509

 
38,793

 
99,302

Total
$
60,714

 
$
42,166

 
$
102,880

Recorded Investment in Loans and Leases:
 
 
 
 
 
Individually Evaluated for Impairment
$
27,950

 
$
38,747

 
$
66,697

Collectively Evaluated for Impairment
3,125,902

 
4,686,386

 
7,812,288

Total
$
3,153,852

 
$
4,725,133

 
$
7,878,985
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 December 31, 2017 and 2016.
 
December 31, 2017
(dollars in thousands)
Commercial
and Industrial

 
Commercial
Mortgage

 
Construction

 
Lease
Financing

 
Total
Commercial

Pass
$
1,234,738

 
$
2,046,745

 
$
198,926

 
$
180,522

 
$
3,660,931

Special Mention
15,394

 
35,762

 
6

 
11

 
51,173

Classified
29,215

 
21,460

 
3,321

 
398

 
54,394

Total
$
1,279,347

 
$
2,103,967

 
$
202,253

 
$
180,931

 
$
3,766,498

 
(dollars in thousands)
Residential
Mortgage

 
Home
Equity

 
Automobile

 
Other 1

 
Total
Consumer

Pass
$
3,457,531

 
$
1,580,917

 
527,587

 
$
449,008

 
$
6,015,043

Classified
9,242

 
4,538

 
887

 
739

 
15,406

Total
$
3,466,773

 
$
1,585,455

 
$
528,474

 
$
449,747

 
$
6,030,449

Total Recorded Investment in Loans and Leases
 
 
 
 
 
 
 
$
9,796,947

 
 
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

 
Other 1

 
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 December 31, 2017 and 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 December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
$
4,196

 
$
641

 
$
—

 
$
448

 
$
5,285

 
$
1,274,062

 
$
1,279,347

 
$
313

Commercial Mortgage
187

 
404

 
—

 
1,398

 
1,989

 
2,101,978

 
2,103,967

 
465

Construction
—

 
—

 
—

 
—

 
—

 
202,253

 
202,253

 
—

Lease Financing
—

 
—

 
—

 
—

 
—

 
180,931

 
180,931

 
—

Total Commercial
4,383

 
1,045

 
—

 
1,846

 
7,274

 
3,759,224

 
3,766,498

 
778

Consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Mortgage
7,815

 
2,008

 
2,703

 
9,243

 
21,769

 
3,445,004

 
3,466,773

 
806

Home Equity
2,532

 
2,736

 
1,624

 
3,991

 
10,883

 
1,574,572

 
1,585,455

 
1,312

Automobile
11,728

 
2,232

 
886

 
—

 
14,846

 
513,628

 
528,474

 
—

Other 1
3,007

 
1,639

 
1,934

 
—

 
6,580

 
443,167

 
449,747

 
—

Total Consumer
25,082

 
8,615

 
7,147

 
13,234

 
54,078

 
5,976,371

 
6,030,449

 
2,118

Total
$
29,465

 
$
9,660

 
$
7,147

 
$
15,080

 
$
61,352

 
$
9,735,595

 
$
9,796,947

 
$
2,896

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 December 31, 2017 and 2016.
(dollars in thousands)
Recorded
Investment

 
Unpaid
Principal
Balance

 
Related
Allowance for
Loan Losses

December 31, 2017
 
 
 
 
 
     Impaired Loans with No Related Allowance Recorded:
 
 
 
 
 
Commercial
 
 
 
 
 
Commercial and Industrial
$
8,094

 
$
15,747

 
$
—

Commercial Mortgage
8,696

 
12,196

 
—

Construction
1,415

 
1,415

 
—

Total Commercial
18,205

 
29,358

 
—

Total Impaired Loans with No Related Allowance Recorded
$
18,205

 
$
29,358

 
$
—

 
 
 
 
 
 
     Impaired Loans with an Allowance Recorded:
 
 
 
 
 
Commercial
 
 
 
 
 
Commercial and Industrial
$
811

 
$
811

 
$
21

Commercial Mortgage
1,200

 
1,200

 
120

Total Commercial
2,011

 
2,011

 
141

Consumer
 
 
 
 
 
Residential Mortgage
21,581

 
26,324

 
3,118

Home Equity
1,965

 
1,965

 
276

Automobile
14,811

 
14,811

 
305

Other 1
2,645

 
2,645

 
76

Total Consumer
41,002

 
45,745

 
3,775

Total Impaired Loans with an Allowance Recorded
$
43,013

 
$
47,756

 
$
3,916

 
 
 
 
 
 
     Impaired Loans:
 
 
 
 
 
Commercial
$
20,216

 
$
31,369

 
$
141

Consumer
41,002

 
45,745

 
3,775

Total Impaired Loans
$
61,218

 
$
77,114

 
$
3,916

 
 
 
 
 
 
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 years ended December 31, 2017 and 2016.
 
Year Ended
December 31, 2017
 
Year Ended
December 31, 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
$
8,810

 
$
351

 
$
10,760

 
$
463

Commercial Mortgage
9,251

 
299

 
9,906

 
339

Construction
1,464

 
94

 
1,559

 
101

Total Commercial
19,525

 
744

 
22,225

 
903

Total Impaired Loans with No Related Allowance Recorded
$
19,525

 
$
744

 
$
22,225

 
$
903

 
 
 
 
 
 
 
 
Impaired Loans with an Allowance Recorded:
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial and Industrial
$
709

 
$
42

 
$
939

 
$
72

Commercial Mortgage
690

 
54

 
151

 
9

Total Commercial
1,399

 
96

 
1,090

 
81

Consumer
 
 
 
 
 
 
 
Residential Mortgage
22,981

 
845

 
27,436

 
962

Home Equity
1,707

 
82

 
1,395

 
66

Automobile
12,235

 
825

 
7,974

 
522

Other 1
2,571

 
215

 
2,003

 
174

Total Consumer
39,494

 
1,967

 
38,808

 
1,724

Total Impaired Loans with an Allowance Recorded
$
40,893

 
$
2,063

 
$
39,898

 
$
1,805

 
 
 
 
 
 
 
 
Impaired Loans:
 
 
 
 
 
 
 
Commercial
$
20,924

 
$
840

 
$
23,315

 
$
984

Consumer
39,494

 
1,967

 
38,808

 
1,724

Total Impaired Loans
$
60,418

 
$
2,807

 
$
62,123

 
$
2,708

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 years ended December 31, 2017 and 2016.
 
Loans Modified as a TDR for the
Year Ended December 31, 2017
 
Loans Modified as a TDR for the
Year Ended December 31, 2016
Troubled Debt Restructurings  
(dollars in thousands)
Number of
Contracts

 
Recorded
Investment
(as of period end) 1

 
Increase in
Allowance
(as of period end)

 
Number of
Contracts

 
Recorded
Investment
(as of period end) 1

 
Increase in
Allowance
(as of period end)

Commercial
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
13

 
$
7,299

 
$
11

 
6

 
$
3,525

 
$
21

Commercial Mortgage
4

 
2,336

 
93

 
1

 
204

 
20

Total Commercial
17

 
9,635

 
104

 
7

 
3,729

 
41

Consumer
 
 
 
 
 
 
 
 
 
 
 
Residential Mortgage
2

 
368

 
1

 
10

 
3,146

 
522

Home Equity
4

 
604

 
13

 
2

 
651

 
7

Automobile
424

 
8,623

 
177

 
267

 
5,451

 
116

Other 2
171

 
1,395

 
35

 
199

 
1,404

 
37

Total Consumer
601

 
10,990

 
226

 
478

 
10,652

 
682

Total
618

 
$
20,625

 
$
330

 
485

 
$
14,381

 
$
723

1
The period end balances reflect all partial 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, loans modified in a TDR that defaulted during the year ended December 31, 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.
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
TDRs that Defaulted During the Period,
    Within Twelve Months of their Modification Date 
(dollars in thousands)
Number of
Contracts

 
Recorded
Investment
(as of period end) 1

 
Number of
Contracts

 
Recorded
Investment
(as of period end) 1

Commercial
 
 
 
 
 
 
 
Commercial and Industrial
1

 
$
48

 
—

 
$
—

Commercial Mortgage
1

 
341

 
—

 
—

Total Commercial
2

 
389

 
—

 
—

Consumer
 
 
 
 
 
 
 
Residential Mortgage
1

 
94

 
4

 
1,445

Home Equity
1

 
237

 
1

 
157

Automobile
28

 
515

 
19

 
373

Other 2
36

 
208

 
40

 
278

Total Consumer
66

 
1,054

 
64

 
2,253

Total
68

 
$
1,443

 
64

 
$
2,253

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.