XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows:
 
June 30,
2017
 
December 31, 2016
 
(in thousands)
Real-estate - commercial mortgage
$
6,262,008

 
$
6,018,582

Commercial - industrial, financial and agricultural
4,245,849

 
4,087,486

Real-estate - residential mortgage
1,784,712

 
1,601,994

Real-estate - home equity
1,579,739

 
1,625,115

Real-estate - construction
938,900

 
843,649

Consumer
283,156

 
291,470

Leasing and other
269,787

 
246,704

Overdrafts
4,435

 
3,662

Loans, gross of unearned income
15,368,586

 
14,718,662

Unearned income
(21,969
)
 
(19,390
)
Loans, net of unearned income
$
15,346,617

 
$
14,699,272
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses:
 
June 30,
2017
 
December 31,
2016
 
(in thousands)
Allowance for loan losses
$
172,342

 
$
168,679

Reserve for unfunded lending commitments
2,656

 
2,646

Allowance for credit losses
$
174,998

 
$
171,325
Activity in the Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses:
 
Three months ended June 30
 
Six months ended June 30
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Balance at beginning of period
$
172,647

 
$
166,065

 
$
171,325

 
$
171,412

Loans charged off
(8,715
)
 
(10,746
)
 
(18,122
)
 
(21,901
)
Recoveries of loans previously charged off
4,366

 
7,278

 
10,295

 
11,556

Net loans charged off
(4,349
)
 
(3,468
)
 
(7,827
)
 
(10,345
)
Provision for credit losses
6,700

 
2,511

 
11,500

 
4,041

Balance at end of period
$
174,998

 
$
165,108

 
$
174,998

 
$
165,108


The Corporation has historically maintained an unallocated allowance for credit losses for factors and conditions that exist at the balance sheet date, but are not specifically identifiable, and to recognize the inherent imprecision in estimating and measuring loss exposure. During the second quarter of 2017, enhancements were made to allow for the impact of these factors and conditions to be quantified in the allowance allocation process. Accordingly, an unallocated allowance for credit losses is no longer necessary.






























The following table presents the activity in the allowance for loan losses by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing, other
and
overdrafts
 
Unallocated
 
Total
 
(in thousands)
Three months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2017
$
47,373

 
$
55,309

 
$
23,821

 
$
22,018

 
$
7,501

 
$
3,031

 
$
3,268

 
$
7,755

 
$
170,076

Loans charged off
(242
)
 
(5,353
)
 
(592
)
 
(124
)
 
(774
)
 
(430
)
 
(1,200
)
 
—

 
(8,715
)
Recoveries of loans previously charged off
934

 
1,974

 
215

 
151

 
373

 
470

 
249

 
—

 
4,366

Net loans charged off
692

 
(3,379
)
 
(377
)
 
27

 
(401
)
 
40

 
(951
)
 
—

 
(4,349
)
Provision for loan losses (1)
9,307

 
15,712

 
(5,988
)
 
(5,606
)
 
2,434

 
(1,277
)
 
(212
)
 
(7,755
)
 
6,615

Balance at June 30, 2017
$
57,372

 
$
67,642

 
$
17,456

 
$
16,439

 
$
9,534

 
$
1,794

 
$
2,105

 
$
—

 
$
172,342

Three months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2016
$
48,311

 
$
54,333

 
$
22,524

 
$
19,928

 
$
6,282

 
$
2,324

 
$
2,974

 
$
7,165

 
$
163,841

Loans charged off
(1,474
)
 
(4,625
)
 
(1,045
)
 
(340
)
 
(742
)
 
(569
)
 
(1,951
)
 
—

 
(10,746
)
Recoveries of loans previously charged off
1,367

 
2,931

 
350

 
420

 
1,563

 
539

 
108

 
—

 
7,278

Net loans charged off
(107
)
 
(1,694
)
 
(695
)
 
80

 
821

 
(30
)
 
(1,843
)
 
—

 
(3,468
)
Provision for loan losses (1)
(4,464
)
 
(884
)
 
4,341

 
1,218

 
(1,331
)
 
690

 
1,387

 
1,216

 
2,173

Balance at June 30, 2016
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

Six months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
$
46,842

 
$
54,353

 
$
26,801

 
$
22,929

 
$
6,455

 
$
3,574

 
$
3,192

 
$
4,533

 
$
168,679

Loans charged off
(1,466
)
 
(10,880
)
 
(1,290
)
 
(340
)
 
(1,021
)
 
(1,286
)
 
(1,839
)
 
—

 
(18,122
)
Recoveries of loans previously charged off
1,384

 
6,165

 
352

 
381

 
921

 
706

 
386

 
—

 
10,295

Net loans charged off
(82
)
 
(4,715
)
 
(938
)
 
41

 
(100
)
 
(580
)
 
(1,453
)
 
—

 
(7,827
)
Provision for loan losses (1)
10,612

 
18,004

 
(8,407
)
 
(6,531
)
 
3,179

 
(1,200
)
 
366

 
(4,533
)
 
11,490

Balance at June 30, 2017
$
57,372

 
$
67,642

 
$
17,456

 
$
16,439

 
$
9,534

 
$
1,794

 
$
2,105

 
$
—

 
$
172,342

Six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$
47,866

 
$
57,098

 
$
22,405

 
$
21,375

 
$
6,529

 
$
2,585

 
$
2,468

 
$
8,728

 
$
169,054

Loans charged off
(2,056
)
 
(10,813
)
 
(2,586
)
 
(1,408
)
 
(1,068
)
 
(1,576
)
 
(2,394
)
 
—

 
(21,901
)
Recoveries of loans previously charged off
2,192

 
5,250

 
688

 
556

 
1,946

 
735

 
189

 
—

 
11,556

Net loans charged off
136

 
(5,563
)
 
(1,898
)
 
(852
)
 
878

 
(841
)
 
(2,205
)
 
—

 
(10,345
)
Provision for loan losses (1)
(4,262
)
 
220

 
5,663

 
703

 
(1,635
)
 
1,240

 
2,255

 
(347
)
 
3,837

Balance at June 30, 2016
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546


(1)
The provision for loan losses excluded an $85,000 and a $10,000 increase, respectively, in the reserve for unfunded lending commitments for the three and six months ended June 30, 2017 and a $338,000 and $204,000 increase, respectively, in the reserve for unfunded lending commitments for the three and    six months ended June 30, 2016.
The following table presents loans, net of unearned income and their related allowance for loan losses, by portfolio segment:
 
Real Estate -
Commercial
Mortgage
 
Commercial -
Industrial,
Financial and
Agricultural
 
Real Estate -
Home
Equity
 
Real Estate -
Residential
Mortgage
 
Real Estate -
Construction
 
Consumer
 
Leasing, other
and
overdrafts
 
Unallocated
 
Total
 
(in thousands)
Allowance for loan losses at June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
49,055

 
$
57,341

 
$
7,607

 
$
6,013

 
$
5,370

 
$
1,773

 
$
2,105

 
$
—

 
$
129,264

Evaluated for impairment under FASB ASC Section 310-10-35
8,317

 
10,301

 
9,849

 
10,426

 
4,164

 
21

 
—

 
N/A

 
43,078

 
$
57,372

 
$
67,642

 
$
17,456

 
$
16,439

 
$
9,534

 
$
1,794

 
$
2,105

 
$
—

 
$
172,342

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
6,212,998

 
$
4,189,676

 
$
1,557,989

 
$
1,741,404

 
$
921,839

 
$
283,123

 
$
252,253

 
N/A

 
$
15,159,282

Evaluated for impairment under FASB ASC Section 310-10-35
49,010

 
56,173

 
21,750

 
43,308

 
17,061

 
33

 
—

 
N/A

 
187,335

 
$
6,262,008

 
$
4,245,849

 
$
1,579,739

 
$
1,784,712

 
$
938,900

 
$
283,156

 
$
252,253

 
N/A

 
$
15,346,617

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
32,861

 
$
40,945

 
$
17,089

 
$
9,044

 
$
4,004

 
$
2,971

 
$
2,518

 
$
8,381

 
$
117,813

Evaluated for impairment under FASB ASC Section 310-10-35
10,879

 
10,810

 
9,081

 
12,182

 
1,768

 
13

 
—

 
N/A

 
44,733

 
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,582,027

 
$
4,057,883

 
$
1,629,443

 
$
1,399,399

 
$
841,193

 
$
278,053

 
$
194,254

 
N/A

 
$
13,982,252

Evaluated for impairment under FASB ASC Section 310-10-35
53,320

 
41,294

 
17,876

 
47,893

 
12,506

 
18

 
—

 
N/A

 
172,907

 
$
5,635,347

 
$
4,099,177

 
$
1,647,319

 
$
1,447,292

 
$
853,699

 
$
278,071

 
$
194,254

 
N/A

 
$
14,155,159

 
N/A - Not applicable
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment:
 
June 30, 2017
 
December 31, 2016
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
25,219

 
$
22,396

 
$
—

 
$
28,757

 
$
25,447

 
$
—

Commercial - secured
43,206

 
36,036

 
—

 
29,296

 
25,526

 
—

Real estate - residential mortgage
4,629

 
4,629

 
—

 
4,689

 
4,689

 
—

Construction - commercial residential
10,054

 
8,044

 
—

 
6,271

 
4,795

 
—

Construction - commercial
598

 
590

 
—

 
—

 
—

 
—

 
83,706

 
71,695

 

 
69,013

 
60,457

 

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
34,131

 
26,614

 
8,317

 
37,132

 
29,446

 
10,162

Commercial - secured
23,576

 
19,479

 
9,947

 
27,767

 
22,626

 
13,198

Commercial - unsecured
912

 
658

 
354

 
1,122

 
823

 
455

Real estate - home equity
25,753

 
21,750

 
9,849

 
23,971

 
19,205

 
9,511

Real estate - residential mortgage
45,300

 
38,679

 
10,426

 
48,885

 
41,359

 
11,897

Construction - commercial residential
10,479

 
7,210

 
3,725

 
10,103

 
4,206

 
1,300

Construction - commercial
186

 
126

 
45

 
681

 
435

 
145

Construction - other
1,096

 
1,091

 
394

 
1,096

 
1,096

 
423

Consumer - direct
18

 
18

 
12

 
21

 
21

 
14

Consumer - indirect
16

 
15

 
9

 
19

 
19

 
12

 
141,467

 
115,640

 
43,078

 
150,797

 
119,236

 
47,117

Total
$
225,173

 
$
187,335

 
$
43,078

 
$
219,810

 
$
179,693

 
$
47,117


As of June 30, 2017 and December 31, 2016, there were $71.7 million and $60.5 million, respectively, of impaired loans that did not have a related allowance for loan loss. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or they were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary.
The following table presents average impaired loans by class segment:
 
Three months ended June 30
 
Six months ended June 30
 
2017
 
2016
 
2017
 
2016
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
Average
Recorded
Investment
 
Interest
Income (1)
 
(in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
$
22,316

 
$
71

 
$
22,762

 
$
72

 
$
23,360

 
$
141

 
$
22,707

 
141

Commercial - secured
30,829

 
46

 
15,182

 
20

 
29,061

 
82

 
14,688

 
36

Real estate - residential mortgage
4,643

 
26

 
6,191

 
33

 
4,658

 
52

 
5,724

 
63

Construction - commercial residential
6,368

 
4

 
6,421

 
16

 
5,844

 
6

 
7,236

 
35

Construction - commercial
597

 
—

 
—

 
—

 
398

 
—

 
—

 
—

 
64,753

 
147

 
50,556

 
141

 
63,321

 
281

 
50,355

 
275

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
27,710

 
88

 
33,042

 
104

 
28,288

 
173

 
33,927

 
212

Commercial - secured
20,675

 
31

 
25,919

 
33

 
21,325

 
63

 
28,489

 
71

Commercial - unsecured
712

 
—

 
929

 
1

 
749

 
—

 
893

 
2

Real estate - home equity
20,352

 
117

 
17,950

 
70

 
19,969

 
212

 
17,222

 
127

Real estate - residential mortgage
39,500

 
225

 
41,928

 
226

 
40,119

 
455

 
43,164

 
461

Construction - commercial residential
7,248

 
4

 
5,566

 
14

 
6,234

 
7

 
5,807

 
29

Construction - commercial
104

 
—

 
548

 
—

 
214

 
—

 
578

 
—

Construction - other
1,094

 
—

 
513

 
—

 
1,094

 
—

 
406

 
—

Consumer - direct
19

 
—

 
10

 
—

 
19

 
—

 
16

 
—

Consumer - indirect
17

 
—

 
15

 
—

 
17

 
—

 
11

 
—

Leasing, other and overdrafts
—

 
—

 
711

 
—

 
475

 
—

 
949

 
—

 
117,431

 
465

 
127,131

 
448

 
118,503

 
910

 
131,462

 
902

Total
$
182,184

 
$
612

 
$
177,687

 
$
589

 
$
181,824

 
$
1,191

 
$
181,817

 
1,177

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the three and six months ended June 30, 2017 and 2016 represents amounts earned on accruing TDRs.
Financing Receivable Credit Quality Indicators
The following table presents internal credit risk ratings for the indicated loan class segments:
 
Pass
 
Special Mention
 
Substandard or Lower
 
Total
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
(dollars in thousands)
Real estate - commercial mortgage
$
6,004,958

 
$
5,763,122

 
$
119,534

 
$
132,484

 
$
137,516

 
$
122,976

 
$
6,262,008

 
$
6,018,582

Commercial - secured
3,813,864

 
3,686,152

 
119,119

 
128,873

 
169,602

 
118,527

 
4,102,585

 
3,933,552

Commercial - unsecured
134,455

 
145,922

 
6,264

 
4,481

 
2,545

 
3,531

 
143,264

 
153,934

Total commercial - industrial, financial and agricultural
3,948,319

 
3,832,074

 
125,383

 
133,354

 
172,147

 
122,058

 
4,245,849

 
4,087,486

Construction - commercial residential
131,115

 
113,570

 
9,789

 
15,447

 
16,387

 
13,172

 
157,291

 
142,189

Construction - commercial
718,702

 
635,963

 
4,727

 
3,412

 
5,220

 
5,115

 
728,649

 
644,490

Total construction (excluding Construction - other)
849,817

 
749,533

 
14,516

 
18,859

 
21,607

 
18,287

 
885,940

 
786,679

 
$
10,803,094

 
$
10,344,729

 
$
259,433

 
$
284,697

 
$
331,270

 
$
263,321

 
$
11,393,797

 
$
10,892,747

% of Total
94.8
%
 
95.0
%
 
2.3
%
 
2.6
%
 
2.9
%
 
2.4
%
 
100.0
%
 
100.0
%
The following table presents a summary of performing, delinquent and non-performing loans for the indicated loan class segments:
 
Performing
 
Delinquent (1)
 
Non-performing (2)
 
Total
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
June 30, 2017
 
December 31, 2016
 
(dollars in thousands)
Real estate - home equity
$
1,557,629

 
$
1,602,687

 
$
10,223

 
$
9,274

 
$
11,887

 
$
13,154

 
$
1,579,739

 
$
1,625,115

Real estate - residential mortgage
1,746,977

 
1,557,995

 
15,889

 
20,344

 
21,846

 
23,655

 
1,784,712

 
1,601,994

Construction - other
51,869

 
55,874

 
—

 
—

 
1,091

 
1,096

 
52,960

 
56,970

Consumer - direct
55,825

 
93,572

 
1,761

 
1,752

 
1,143

 
1,563

 
58,729

 
96,887

Consumer - indirect
222,380

 
190,656

 
1,921

 
3,599

 
126

 
328

 
224,427

 
194,583

Total consumer
278,205

 
284,228

 
3,682

 
5,351

 
1,269

 
1,891

 
283,156

 
291,470

Leasing
251,050

 
229,591

 
922

 
1,068

 
281

 
317

 
252,253

 
230,976

 
$
3,885,730

 
$
3,730,375

 
$
30,716

 
$
36,037

 
$
36,374

 
$
40,113

 
$
3,952,820

 
$
3,806,525

% of Total
98.3
%
 
98.0
%
 
0.8
%
 
0.9
%
 
0.9
%
 
1.1
%
 
100.0
%
 
100.0
%

(1)
Includes all accruing loans 30 days to 89 days past due.
(2)
Includes all accruing loans 90 days or more past due and all non-accrual loans.
Non-Performing Assets
The following table presents non-performing assets:
 
June 30,
2017
 
December 31,
2016
 
(in thousands)
Non-accrual loans
$
122,600

 
$
120,133

Loans 90 days or more past due and still accruing
13,143

 
11,505

Total non-performing loans
135,743

 
131,638

Other real estate owned (OREO)
11,432

 
12,815

Total non-performing assets
$
147,175

 
$
144,453
Past due Loan Status and Non-Accrual Loans by Portfolio Segment
The following tables present past due status and non-accrual loans by portfolio segment and class segment:
 
June 30, 2017
 
30-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
8,259

 
$
676

 
$
309

 
$
32,267

 
$
32,576

 
$
41,511

 
$
6,220,497

 
$
6,262,008

Commercial - secured
6,411

 
2,425

 
3,135

 
47,489

 
50,624

 
59,460

 
4,043,125

 
4,102,585

Commercial - unsecured
430

 
57

 
98

 
598

 
696

 
1,183

 
142,081

 
143,264

Total commercial - industrial, financial and agricultural
6,841

 
2,482

 
3,233

 
48,087

 
51,320

 
60,643

 
4,185,206

 
4,245,849

Real estate - home equity
8,103

 
2,120

 
2,167

 
9,720

 
11,887

 
22,110

 
1,557,629

 
1,579,739

Real estate - residential mortgage
12,640

 
3,249

 
4,906

 
16,940

 
21,846

 
37,735

 
1,746,977

 
1,784,712

Construction - commercial residential
538

 
20

 
978

 
13,779

 
14,757

 
15,315

 
141,976

 
157,291

Construction - commercial
—

 
—

 
—

 
716

 
716

 
716

 
727,933

 
728,649

Construction - other
—

 
—

 
—

 
1,091

 
1,091

 
1,091

 
51,869

 
52,960

Total real estate - construction
538

 
20

 
978

 
15,586

 
16,564

 
17,122

 
921,778

 
938,900

Consumer - direct
1,054

 
707

 
1,143

 
—

 
1,143

 
2,904

 
55,825

 
58,729

Consumer - indirect
1,708

 
213

 
126

 
—

 
126

 
2,047

 
222,380

 
224,427

Total consumer
2,762

 
920

 
1,269

 
—

 
1,269

 
4,951

 
278,205

 
283,156

Leasing, other and overdrafts
671

 
251

 
281

 
—

 
281

 
1,203

 
251,050

 
252,253

Total
$
39,814

 
$
9,718

 
$
13,143

 
$
122,600

 
$
135,743

 
$
185,275

 
$
15,161,342

 
$
15,346,617

 
December 31, 2016
 
30-59
Days Past
Due
 
60-89
Days Past
Due
 
≥ 90 Days
Past Due
and
Accruing
 
Non-
accrual
 
Total ≥ 90
Days
 
Total Past
Due
 
Current
 
Total
 
(in thousands)
Real estate - commercial mortgage
$
6,254

 
$
1,622

 
$
383

 
$
38,936

 
$
39,319

 
$
47,195

 
$
5,971,387

 
$
6,018,582

Commercial - secured
6,660

 
2,616

 
959

 
41,589

 
42,548

 
51,824

 
3,881,728

 
3,933,552

Commercial - unsecured
898

 
35

 
152

 
760

 
912

 
1,845

 
152,089

 
153,934

Total commercial - industrial, financial and agricultural
7,558

 
2,651

 
1,111

 
42,349

 
43,460

 
53,669

 
4,033,817

 
4,087,486

Real estate - home equity
6,596

 
2,678

 
2,543

 
10,611

 
13,154

 
22,428

 
1,602,687

 
1,625,115

Real estate - residential mortgage
15,600

 
4,744

 
5,224

 
18,431

 
23,655

 
43,999

 
1,557,995

 
1,601,994

Construction - commercial residential
233

 
51

 
36

 
8,275

 
8,311

 
8,595

 
133,594

 
142,189

Construction - commercial
743

 
—

 
—

 
435

 
435

 
1,178

 
643,312

 
644,490

Construction - other
—

 
—

 
—

 
1,096

 
1,096

 
1,096

 
55,874

 
56,970

Total real estate - construction
976

 
51

 
36

 
9,806

 
9,842

 
10,869

 
832,780

 
843,649

Consumer - direct
1,211

 
541

 
1,563

 
—

 
1,563

 
3,315

 
93,572

 
96,887

Consumer - indirect
3,200

 
399

 
328

 
—

 
328

 
3,927

 
190,656

 
194,583

Total consumer
4,411

 
940

 
1,891

 
—

 
1,891

 
7,242

 
284,228

 
291,470

Leasing, other and overdrafts
543

 
525

 
317

 
—

 
317

 
1,385

 
229,591

 
230,976

Total
$
41,938

 
$
13,211

 
$
11,505

 
$
120,133

 
$
131,638

 
$
186,787

 
$
14,512,485

 
$
14,699,272
Troubled Debt Restructurings on Financing Receivables
The following table presents TDRs, by class segment:
 
June 30,
2017
 
December 31,
2016
 
(in thousands)
Real-estate - residential mortgage
$
26,368

 
$
27,617

Real-estate - commercial mortgage
13,772

 
15,957

Real estate - home equity
12,031

 
8,594

Commercial
8,086

 
6,627

Construction
1,475

 
726

Consumer
33

 
39

Total accruing TDRs
61,765

 
59,560

Non-accrual TDRs (1)
29,373

 
27,850

Total TDRs
$
91,138

 
$
87,410

 
(1)
Included in non-accrual loans in the preceding table detailing non-performing assets
Loan Terms Modified Under Troubled Debt Restructurings
The following table presents TDRs, by class segment and type of concession for loans that were modified during the three and six months ended June 30, 2017 and 2016:
 
 
Three months ended June 30
 
Six months ended June 30
 
2017
 
2016
 
2017
 
2016
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
Number of Loans
 
Post-Modification Recorded Investment
 
(dollars in thousands)
Real estate – residential mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
$
—

 
2

 
$
315

 
2

 
$
337

 
2

 
$
315

 
Bankruptcy
1

 
157

 
1

 
373

 
2

 
335

 
1

 
373

Real estate - commercial mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
3

 
663

 
—

 
—

 
4

 
981

 
—

 
$
—

 
Bankruptcy
1

 
12

 
—

 
—

 
1

 
12

 
—

 
$
—

Real estate - home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
17

 
1,275

 
18

 
738

 
33

 
2,559

 
39

 
$
1,995

 
Bankruptcy
10

 
1,063

 
5

 
231

 
17

 
1,516

 
22

 
$
1,716

Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
4

 
2,567

 
4

 
1,146

 
8

 
5,693

 
6

 
1,976

 
Bankruptcy
1

 
490

 
—

 
—

 
1

 
490

 
—

 
—

Commercial – unsecured:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
1

 
33

 
—

 
—

 
1

 
33

 
2

 
103

Construction - commercial residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
1

 
1,204

 
—

 
—

 
1

 
1,204

 
—

 
—

Consumer - indirect:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
—

 
—

 
—

 
—

 
—

 
—

 
1

 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
39

 
$
7,464

 
30

 
$
2,803

 
70

 
$
13,160

 
73

 
$
6,480

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents TDRs, by class segment, as of June 30, 2017 and 2016, that were modified in the previous 12 months and had a post-modification payment default during the six months ended June 30, 2017 and 2016. The Corporation defines a payment default as a single missed payment.
 
2017
 
2016
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(dollars in thousands)
Real estate - residential mortgage
7

 
$
1,911

 
5

 
$
972

Real estate - commercial mortgage
3

 
674

 
2

 
132

Real estate - home equity
16

 
922

 
22

 
1,448

Commercial
5

 
2,772

 
5

 
1,123

Consumer
1

 
16

 
—

 
—

Total
32

 
$
6,295

 
34

 
$
3,675