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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Allowance for Credit Losses Upon Adoption of ASU 2016-13 This “Day 1” impact of CECL adoption is summarized below:

 

(dollars in thousands)

 

December 31,

2019

 

 

CECL

Adoption

Impact

 

 

January 1,

2020

 

Allowance for Credit Losses:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

73,801

 

 

$

(18,789

)

 

$

55,012

 

Consumer

 

 

36,226

 

 

 

17,052

 

 

 

53,278

 

Total Allowance for Credit Losses

 

 

110,027

 

 

 

(1,737

)

 

 

108,290

 

Reserve for Unfunded Commitments

 

 

6,822

 

 

 

(3,335

)

 

 

3,487

 

Total Reserve for Credit Losses

 

$

116,849

 

 

$

(5,072

)

 

$

111,777

 

Retained Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Total Pre-tax Impact

 

 

 

 

 

$

5,072

 

 

 

 

 

Tax Effect

 

 

 

 

 

 

(1,440

)

 

 

 

 

Increase to Retained Earnings

 

 

 

 

 

$

3,632