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Loans and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Summary of Gross Loans by Type
Loans, net of unearned income are summarized as follows:
 
September 30,
2017
 
December 31, 2016
 
(in thousands)
Real-estate - commercial mortgage
$
6,275,140

 
$
6,018,582

Commercial - industrial, financial and agricultural
4,223,075

 
4,087,486

Real-estate - residential mortgage
1,887,907

 
1,601,994

Real-estate - home equity
1,567,473

 
1,625,115

Real-estate - construction
973,108

 
843,649

Consumer
302,448

 
291,470

Leasing and other
278,658

 
246,704

Overdrafts
3,400

 
3,662

Loans, gross of unearned income
15,511,209

 
14,718,662

Unearned income
(24,310
)
 
(19,390
)
Loans, net of unearned income
$
15,486,899

 
$
14,699,272
Schedule of Allowance for Credit Losses
The following table presents the components of the allowance for credit losses:
 
September 30,
2017
 
December 31,
2016
 
(in thousands)
Allowance for loan losses
$
172,245

 
$
168,679

Reserve for unfunded lending commitments
2,504

 
2,646

Allowance for credit losses
$
174,749

 
$
171,325
Activity in the Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses:
 
Three months ended September 30
 
Nine months ended September 30
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Balance at beginning of period
$
174,998

 
$
165,108

 
$
171,325

 
$
171,412

Loans charged off
(7,795
)
 
(7,672
)
 
(25,917
)
 
(29,573
)
Recoveries of loans previously charged off
2,471

 
3,592

 
12,766

 
15,148

Net loans charged off
(5,324
)
 
(4,080
)
 
(13,151
)
 
(14,425
)
Provision for credit losses
5,075

 
4,141

 
16,575

 
8,182

Balance at end of period
$
174,749

 
$
165,169

 
$
174,749

 
$
165,169


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. In 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 September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2017
$
57,372

 
$
67,642

 
$
17,456

 
$
16,439

 
$
9,534

 
$
1,794

 
$
2,105

 
$
—

 
$
172,342

Loans charged off
(483
)
 
(2,714
)
 
(547
)
 
(195
)
 
(2,744
)
 
(373
)
 
(739
)
 
—

 
(7,795
)
Recoveries of loans previously charged off
106

 
665

 
252

 
219

 
629

 
193

 
407

 
—

 
2,471

Net loans charged off
(377
)
 
(2,049
)
 
(295
)
 
24

 
(2,115
)
 
(180
)
 
(332
)
 
—

 
(5,324
)
Provision for loan losses (1)
(2,008
)
 
5,392

 
1,297

 
220

 
(283
)
 
383

 
226

 
—

 
5,227

Balance at Sept 30, 2017
$
54,987

 
$
70,985

 
$
18,458

 
$
16,683

 
$
7,136

 
$
1,997

 
$
1,999

 
$
—

 
$
172,245

Three months ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2016
$
43,740

 
$
51,755

 
$
26,170

 
$
21,226

 
$
5,772

 
$
2,984

 
$
2,518

 
$
8,381

 
$
162,546

Loans charged off
(1,350
)
 
(3,144
)
 
(709
)
 
(802
)
 
(150
)
 
(685
)
 
(832
)
 
—

 
(7,672
)
Recoveries of loans previously charged off
296

 
1,539

 
241

 
228

 
898

 
222

 
168

 
—

 
3,592

Net loans charged off
(1,054
)
 
(1,605
)
 
(468
)
 
(574
)
 
748

 
(463
)
 
(664
)
 
—

 
(4,080
)
Provision for loan losses (1)
3,171

 
(1,871
)
 
1,419

 
1,452

 
23

 
852

 
1,075

 
(2,061
)
 
4,060

Balance at September 30, 2016
$
45,857

 
$
48,279

 
$
27,121

 
$
22,104

 
$
6,543

 
$
3,373

 
$
2,929

 
$
6,320

 
$
162,526

Nine months ended September 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
(1,949
)
 
(13,594
)
 
(1,837
)
 
(535
)
 
(3,765
)
 
(1,659
)
 
(2,578
)
 
—

 
(25,917
)
Recoveries of loans previously charged off
1,490

 
6,830

 
604

 
600

 
1,550

 
899

 
793

 
—

 
12,766

Net loans charged off
(459
)
 
(6,764
)
 
(1,233
)
 
65

 
(2,215
)
 
(760
)
 
(1,785
)
 
—

 
(13,151
)
Provision for loan losses (1)
8,604

 
23,396

 
(7,110
)
 
(6,311
)
 
2,896

 
(817
)
 
592

 
(4,533
)
 
16,717

Balance at September 30, 2017
$
54,987

 
$
70,985

 
$
18,458

 
$
16,683

 
$
7,136

 
$
1,997

 
$
1,999

 
$
—

 
$
172,245

Nine months ended September 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
(3,406
)
 
(13,957
)
 
(3,295
)
 
(2,210
)
 
(1,218
)
 
(2,261
)
 
(3,226
)
 
—

 
(29,573
)
Recoveries of loans previously charged off
2,488

 
6,789

 
929

 
784

 
2,844

 
957

 
357

 
—

 
15,148

Net loans charged off
(918
)
 
(7,168
)
 
(2,366
)
 
(1,426
)
 
1,626

 
(1,304
)
 
(2,869
)
 
—

 
(14,425
)
Provision for loan losses (1)
(1,091
)
 
(1,651
)
 
7,082

 
2,155

 
(1,612
)
 
2,092

 
3,330

 
(2,408
)
 
7,897

Balance at September 30, 2016
$
45,857

 
$
48,279

 
$
27,121

 
$
22,104

 
$
6,543

 
$
3,373

 
$
2,929

 
$
6,320

 
$
162,526


(1)
The provision for loan losses excluded decreases of $152,000 and $142,000 in the reserve for unfunded lending commitments for the three and nine months ended September 30, 2017, respectively and increases of $81,000 and $285,000 in the reserve for unfunded lending commitments for the three and nine months ended September 30, 2016, respectively.
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 September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
47,261

 
$
55,486

 
$
7,632

 
$
6,488

 
$
5,702

 
$
1,976

 
$
1,999

 
$
—

 
$
126,544

Evaluated for impairment under FASB ASC Section 310-10-35
7,726

 
15,499

 
10,826

 
10,195

 
1,434

 
21

 
—

 
N/A

 
45,701

 
$
54,987

 
$
70,985

 
$
18,458

 
$
16,683

 
$
7,136

 
$
1,997

 
$
1,999

 
$
—

 
$
172,245

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
6,228,935

 
$
4,162,857

 
$
1,543,551

 
$
1,845,329

 
$
959,584

 
$
302,415

 
$
257,748

 
N/A

 
$
15,300,419

Evaluated for impairment under FASB ASC Section 310-10-35
46,205

 
60,218

 
23,922

 
42,578

 
13,524

 
33

 
—

 
N/A

 
186,480

 
$
6,275,140

 
$
4,223,075

 
$
1,567,473

 
$
1,887,907

 
$
973,108

 
$
302,448

 
$
257,748

 
N/A

 
$
15,486,899

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses at September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
36,151

 
$
38,858

 
$
17,828

 
$
10,410

 
$
4,422

 
$
3,346

 
$
2,929

 
$
6,320

 
$
120,264

Evaluated for impairment under FASB ASC Section 310-10-35
9,706

 
9,421

 
9,293

 
11,694

 
2,121

 
27

 
—

 
N/A

 
42,262

 
$
45,857

 
$
48,279

 
$
27,121

 
$
22,104

 
$
6,543

 
$
3,373

 
$
2,929

 
$
6,320

 
$
162,526

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net of unearned income at September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Measured for impairment under FASB ASC Subtopic 450-20
$
5,763,863

 
$
3,972,461

 
$
1,621,731

 
$
1,496,461

 
$
850,315

 
$
283,633

 
$
219,780

 
N/A

 
$
14,208,244

Evaluated for impairment under FASB ASC Section 310-10-35
55,052

 
51,658

 
18,690

 
46,235

 
11,319

 
40

 
—

 
N/A

 
182,994

 
$
5,818,915

 
$
4,024,119

 
$
1,640,421

 
$
1,542,696

 
$
861,634

 
$
283,673

 
$
219,780

 
N/A

 
$
14,391,238

 
N/A - Not applicable
Total Impaired Loans by Class Segment
The following table presents total impaired loans by class segment:
 
September 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
$
24,722

 
$
21,000

 
$
—

 
$
28,757

 
$
25,447

 
$
—

Commercial - secured
32,738

 
30,053

 
—

 
29,296

 
25,526

 
—

Real estate - residential mortgage
4,603

 
4,603

 
—

 
4,689

 
4,689

 
—

Construction - commercial residential
14,086

 
9,450

 
—

 
6,271

 
4,795

 
—

 
76,149

 
65,106

 

 
69,013

 
60,457

 

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
32,770

 
25,205

 
7,726

 
37,132

 
29,446

 
10,162

Commercial - secured
33,481

 
29,189

 
14,974

 
27,767

 
22,626

 
13,198

Commercial - unsecured
1,236

 
976

 
525

 
1,122

 
823

 
455

Real estate - home equity
27,739

 
23,922

 
10,826

 
23,971

 
19,205

 
9,511

Real estate - residential mortgage
43,979

 
37,975

 
10,195

 
48,885

 
41,359

 
11,897

Construction - commercial residential
6,119

 
2,883

 
1,006

 
10,103

 
4,206

 
1,300

Construction - commercial
186

 
100

 
36

 
681

 
435

 
145

Construction - other
1,096

 
1,091

 
392

 
1,096

 
1,096

 
423

Consumer - direct
24

 
19

 
13

 
21

 
21

 
14

Consumer - indirect
14

 
14

 
8

 
19

 
19

 
12

 
146,644

 
121,374

 
45,701

 
150,797

 
119,236

 
47,117

Total
$
222,793

 
$
186,480

 
$
45,701

 
$
219,810

 
$
179,693

 
$
47,117


As of September 30, 2017 and December 31, 2016, there were $65.1 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 September 30
 
Nine months ended September 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
$
21,698

 
$
72

 
$
25,048

 
$
78

 
$
22,770

 
$
213

 
$
23,929

 
219

Commercial - secured
33,044

 
46

 
23,836

 
32

 
29,309

 
128

 
18,400

 
68

Real estate - residential mortgage
4,616

 
27

 
6,151

 
33

 
4,645

 
79

 
5,826

 
96

Construction - commercial residential
8,747

 
5

 
5,734

 
10

 
6,745

 
11

 
6,658

 
45

Construction - commercial
295

 
—

 
—

 
—

 
298

 
—

 
—

 
—

 
68,400

 
150

 
60,769

 
153

 
63,767

 
431

 
54,813

 
428

With a related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - commercial mortgage
25,910

 
86

 
29,139

 
91

 
27,518

 
259

 
32,310

 
303

Commercial - secured
24,334

 
33

 
21,688

 
29

 
23,291

 
96

 
26,665

 
100

Commercial - unsecured
818

 
1

 
953

 
1

 
806

 
1

 
903

 
3

Real estate - home equity
22,837

 
150

 
18,283

 
76

 
20,957

 
362

 
17,589

 
203

Real estate - residential mortgage
38,329

 
225

 
40,913

 
221

 
39,584

 
680

 
42,399

 
683

Construction - commercial residential
5,047

 
4

 
4,947

 
8

 
5,397

 
11

 
5,568

 
37

Construction - commercial
113

 
—

 
476

 
—

 
186

 
—

 
546

 
—

Construction - other
1,091

 
—

 
756

 
—

 
1,094

 
—

 
579

 
—

Consumer - direct
19

 
—

 
19

 
—

 
19

 
—

 
17

 
1

Consumer - indirect
15

 
—

 
11

 
—

 
17

 
—

 
14

 
—

Leasing, other and overdrafts
—

 
—

 
—

 
—

 
356

 
—

 
712

 
—

 
118,513

 
499

 
117,185

 
426

 
119,225

 
1,409

 
127,302

 
1,330

Total
$
186,913

 
$
649

 
$
177,954

 
$
579

 
$
182,992

 
$
1,840

 
$
182,115

 
1,758

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
All impaired loans, excluding accruing TDRs, were non-accrual loans. Interest income recognized for the three and nine months ended September 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
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
(dollars in thousands)
Real estate - commercial mortgage
$
6,028,523

 
$
5,763,122

 
$
118,947

 
$
132,484

 
$
127,670

 
$
122,976

 
$
6,275,140

 
$
6,018,582

Commercial - secured
3,807,138

 
3,686,152

 
98,639

 
128,873

 
183,181

 
118,527

 
4,088,958

 
3,933,552

Commercial - unsecured
127,561

 
145,922

 
3,474

 
4,481

 
3,082

 
3,531

 
134,117

 
153,934

Total commercial - industrial, financial and agricultural
3,934,699

 
3,832,074

 
102,113

 
133,354

 
186,263

 
122,058

 
4,223,075

 
4,087,486

Construction - commercial residential
134,786

 
113,570

 
6,746

 
15,447

 
14,595

 
13,172

 
156,127

 
142,189

Construction - commercial
743,111

 
635,963

 
4,418

 
3,412

 
3,869

 
5,115

 
751,398

 
644,490

Total construction (excluding Construction - other)
877,897

 
749,533

 
11,164

 
18,859

 
18,464

 
18,287

 
907,525

 
786,679

 
$
10,841,119

 
$
10,344,729

 
$
232,224

 
$
284,697

 
$
332,397

 
$
263,321

 
$
11,405,740

 
$
10,892,747

% of Total
95.1
%
 
95.0
%
 
2.0
%
 
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
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
 
(dollars in thousands)
Real estate - home equity
$
1,542,289

 
$
1,602,687

 
$
12,955

 
$
9,274

 
$
12,229

 
$
13,154

 
$
1,567,473

 
$
1,625,115

Real estate - residential mortgage
1,845,495

 
1,557,995

 
20,769

 
20,344

 
21,643

 
23,655

 
1,887,907

 
1,601,994

Construction - other
64,110

 
55,874

 
382

 
—

 
1,091

 
1,096

 
65,583

 
56,970

Consumer - direct
55,490

 
93,572

 
158

 
1,752

 
63

 
1,563

 
55,711

 
96,887

Consumer - indirect
243,723

 
190,656

 
2,834

 
3,599

 
180

 
328

 
246,737

 
194,583

Total consumer
299,213

 
284,228

 
2,992

 
5,351

 
243

 
1,891

 
302,448

 
291,470

Leasing
256,784

 
229,591

 
884

 
1,068

 
80

 
317

 
257,748

 
230,976

 
$
4,007,891

 
$
3,730,375

 
$
37,982

 
$
36,037

 
$
35,286

 
$
40,113

 
$
4,081,159

 
$
3,806,525

% of Total
98.2
%
 
98.0
%
 
0.9
%
 
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:
 
September 30,
2017
 
December 31,
2016
 
(in thousands)
Non-accrual loans
$
123,345

 
$
120,133

Loans 90 days or more past due and still accruing
13,124

 
11,505

Total non-performing loans
136,469

 
131,638

Other real estate owned (OREO)
10,542

 
12,815

Total non-performing assets
$
147,011

 
$
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:
 
September 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
$
10,276

 
$
2,297

 
$
2,884

 
$
31,766

 
$
34,650

 
$
47,223

 
$
6,227,917

 
$
6,275,140

Commercial - secured
8,382

 
2,378

 
1,503

 
51,787

 
53,290

 
64,050

 
4,024,908

 
4,088,958

Commercial - unsecured
114

 
34

 
—

 
919

 
919

 
1,067

 
133,050

 
134,117

Total commercial - industrial, financial and agricultural
8,496

 
2,412

 
1,503

 
52,706

 
54,209

 
65,117

 
4,157,958

 
4,223,075

Real estate - home equity
11,192

 
1,763

 
3,096

 
9,133

 
12,229

 
25,184

 
1,542,289

 
1,567,473

Real estate - residential mortgage
15,106

 
5,663

 
5,258

 
16,385

 
21,643

 
42,412

 
1,845,495

 
1,887,907

Construction - commercial residential
400

 
18

 
60

 
12,164

 
12,224

 
12,642

 
143,485

 
156,127

Construction - commercial
366

 
—

 
—

 
100

 
100

 
466

 
750,932

 
751,398

Construction - other
382

 
—

 
—

 
1,091

 
1,091

 
1,473

 
64,110

 
65,583

Total real estate - construction
1,148

 
18

 
60

 
13,355

 
13,415

 
14,581

 
958,527

 
973,108

Consumer - direct
118

 
40

 
63

 
—

 
63

 
221

 
55,490

 
55,711

Consumer - indirect
2,393

 
441

 
180

 
—

 
180

 
3,014

 
243,723

 
246,737

Total consumer
2,511

 
481

 
243

 
—

 
243

 
3,235

 
299,213

 
302,448

Leasing, other and overdrafts
764

 
120

 
80

 
—

 
80

 
964

 
256,784

 
257,748

Total
$
49,493

 
$
12,754

 
$
13,124

 
$
123,345

 
$
136,469

 
$
198,716

 
$
15,288,183

 
$
15,486,899

 
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:
 
September 30,
2017
 
December 31,
2016
 
(in thousands)
Real-estate - residential mortgage
$
26,193

 
$
27,617

Real-estate - commercial mortgage
14,439

 
15,957

Real estate - home equity
14,789

 
8,594

Commercial
7,512

 
6,627

Construction
169

 
726

Consumer
33

 
39

Total accruing TDRs
63,135

 
59,560

Non-accrual TDRs (1)
28,742

 
27,850

Total TDRs
$
91,877

 
$
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 nine months ended September 30, 2017 and 2016:
 
 
Three months ended September 30
 
Nine months ended September 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 with rate concession
2

 
$
468

 
—

 
$
—

 
2

 
$
468

 
—

 
$
—

 
Extend maturity without rate concession
2

 
151

 
—

 
—

 
4

 
488

 
2

 
$
315

 
Bankruptcy
—

 
—

 
2

 
350

 
2

 
335

 
3

 
723

Real estate - commercial mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
2

 
1,247

 
—

 
—

 
6

 
2,228

 
—

 
$
—

 
Bankruptcy
—

 
—

 
—

 
—

 
1

 
12

 
—

 
$
—

Real estate - home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
14

 
1,315

 
24

 
1,063

 
47

 
3,874

 
63

 
$
3,058

 
Bankruptcy
6

 
127

 
11

 
563

 
23

 
1,643

 
33

 
$
2,279

Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
1

 
160

 
4

 
1,826

 
9

 
5,853

 
10

 
3,802

 
Bankruptcy
—

 
—

 
—

 
—

 
1

 
490

 
—

 
—

Commercial – unsecured:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
—

 
—

 
1

 
33

 
2

 
103

Construction - commercial residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Extend maturity without rate concession
—

 
—

 
—

 
—

 
1

 
1,204

 
—

 
—

Consumer - direct:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
—

 
—

 
—

 
—

 
—

 
—

 
1

 
2

Consumer - indirect:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bankruptcy
—

 
—

 
1

 
21

 
—

 
—

 
1

 
21

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
27

 
$
3,468

 
42

 
$
3,823

 
97

 
$
16,628

 
115

 
$
10,303

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents TDRs, by class segment, as of September 30, 2017 and 2016, that were modified in the previous 12 months and had a post-modification payment default during the nine months ended September 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
5

 
$
1,321

 
7

 
$
1,395

Real estate - commercial mortgage
3

 
653

 
2

 
129

Real estate - home equity
27

 
1,598

 
29

 
1,902

Commercial
2

 
264

 
6

 
2,593

Commercial - unsecured
—

 
—

 
1

 
26

Construction - commercial residential
1

 
1,198

 
—

 
—

Construction - other
1

 
411

 
—

 
—

Total
39

 
$
5,445

 
45

 
$
6,045