XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Schedule of Loan Portfolio Non-Covered and Covered PCI Loans and Non-PCI Loans
The detail of the loan portfolio as of September 30, 2017 and December 31, 2016 was as follows: 
 
September 30, 2017
 
December 31, 2016
 
Non-PCI
Loans
 
PCI Loans*
 
Total
 
Non-PCI
Loans
 
PCI Loans*
 
Total
 
(in thousands)
Loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
2,504,655

 
$
202,257

 
$
2,706,912

 
$
2,357,018

 
$
281,177

 
$
2,638,195

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
8,359,833

 
991,235

 
9,351,068

 
7,628,328

 
1,091,339

 
8,719,667

Construction
858,682

 
44,958

 
903,640

 
710,266

 
114,680

 
824,946

  Total commercial real estate loans
9,218,515

 
1,036,193

 
10,254,708

 
8,338,594

 
1,206,019

 
9,544,613

Residential mortgage
2,791,779

 
149,656

 
2,941,435

 
2,684,195

 
183,723

 
2,867,918

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity
371,130

 
77,712

 
448,842

 
376,213

 
92,796

 
469,009

Automobile
1,171,579

 
106

 
1,171,685

 
1,139,082

 
145

 
1,139,227

Other consumer
671,949

 
5,931

 
677,880

 
569,499

 
7,642

 
577,141

Total consumer loans
2,214,658

 
83,749

 
2,298,407

 
2,084,794

 
100,583

 
2,185,377

Total loans
$
16,729,607

 
$
1,471,855

 
$
18,201,462

 
$
15,464,601

 
$
1,771,502

 
$
17,236,103


 
*
PCI loans include covered loans (mostly consisting of residential mortgage and commercial real estate loans) totaling $42.6 million and $70.4 million at September 30, 2017 and December 31, 2016, respectively.
Changes in Accretable Yield for Covered Loans
The following table presents changes in the accretable yield for PCI loans 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
 
(in thousands)
 
 
 
 
Balance, beginning of period
$
246,278

 
$
355,601

 
$
294,514

 
$
415,179

Accretion
(20,626
)
 
(26,730
)
 
(68,862
)
 
(83,114
)
Other
—

 
—

 
—

 
(3,194
)
Balance, end of period
$
225,652

 
$
328,871

 
$
225,652

 
$
328,871
Past Due, Non-Accrual and Current Non-Covered Loans by Loan Portfolio Class
The following table presents past due, non-accrual and current loans (excluding PCI loans, which are accounted for on a pool basis, and non-performing loans held for sale) by loan portfolio class at September 30, 2017 and December 31, 2016: 
 
Past Due and Non-Accrual Loans
 
 
 
 
 
30-59
Days
Past Due
Loans
 
60-89
Days
Past Due
Loans
 
Accruing Loans
90 Days or More
Past Due
 
Non-Accrual
Loans
 
Total
Past Due
Loans
 
Current
Non-PCI
Loans
 
Total
Non-PCI
Loans
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
1,186

 
$
3,043

 
$
125

 
$
11,983

 
$
16,337

 
$
2,488,318

 
$
2,504,655

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
4,755

 
626

 
389

 
13,870

 
19,640

 
8,340,193

 
8,359,833

Construction
—

 
2,518

 
—

 
1,116

 
3,634

 
855,048

 
858,682

Total commercial real estate loans
4,755

 
3,144

 
389

 
14,986

 
23,274

 
9,195,241

 
9,218,515

Residential mortgage
7,942

 
1,604

 
1,433

 
12,974

 
23,953

 
2,767,826

 
2,791,779

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
591

 
432

 
—

 
1,766

 
2,789

 
368,341

 
371,130

Automobile
4,089

 
566

 
297

 
78

 
5,030

 
1,166,549

 
1,171,579

Other consumer
525

 
21

 
4

 
—

 
550

 
671,399

 
671,949

Total consumer loans
5,205

 
1,019

 
301

 
1,844

 
8,369

 
2,206,289

 
2,214,658

Total
$
19,088

 
$
8,810

 
$
2,248

 
$
41,787

 
$
71,933

 
$
16,657,674

 
$
16,729,607

December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
6,705

 
$
5,010

 
$
142

 
$
8,465

 
$
20,322

 
$
2,336,696

 
$
2,357,018

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
5,894

 
8,642

 
474

 
15,079

 
30,089

 
7,598,239

 
7,628,328

Construction
6,077

 
—

 
1,106

 
715

 
7,898

 
702,368

 
710,266

Total commercial real estate loans
11,971

 
8,642

 
1,580

 
15,794

 
37,987

 
8,300,607

 
8,338,594

Residential mortgage
12,005

 
3,564

 
1,541

 
12,075

 
29,185

 
2,655,010

 
2,684,195

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
929

 
415

 
—

 
1,028

 
2,372

 
373,841

 
376,213

Automobile
3,192

 
723

 
188

 
146

 
4,249

 
1,134,833

 
1,139,082

Other consumer
76

 
9

 
21

 
—

 
106

 
569,393

 
569,499

Total consumer loans
4,197

 
1,147

 
209

 
1,174

 
6,727

 
2,078,067

 
2,084,794

Total
$
34,878

 
$
18,363

 
$
3,472

 
$
37,508

 
$
94,221

 
$
15,370,380

 
$
15,464,601
Impaired Loans
The following table presents the information about impaired loans by loan portfolio class at September 30, 2017 and December 31, 2016:
 
Recorded
Investment
With No Related
Allowance
 
Recorded
Investment
With Related
Allowance
 
Total
Recorded
Investment
 
Unpaid
Contractual
Principal
Balance
 
Related
Allowance
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
12,580

 
$
56,364

 
$
68,944

 
$
72,680

 
$
7,104

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
31,058

 
29,709

 
60,767

 
62,686

 
2,626

Construction
2,675

 
470

 
3,145

 
3,145

 
18

Total commercial real estate loans
33,733

 
30,179

 
63,912

 
65,831

 
2,644

Residential mortgage
5,620

 
8,693

 
14,313

 
15,343

 
733

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
1,078

 
2,171

 
3,249

 
3,379

 
69

Total consumer loans
1,078

 
2,171

 
3,249

 
3,379

 
69

Total
$
53,011

 
$
97,407

 
$
150,418

 
$
157,233

 
$
10,550

December 31, 2016
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,609

 
$
27,031

 
$
30,640

 
$
35,957

 
$
5,864

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
21,318

 
36,974

 
58,292

 
60,267

 
3,612

Construction
1,618

 
2,379

 
3,997

 
3,997

 
260

Total commercial real estate loans
22,936

 
39,353

 
62,289

 
64,264

 
3,872

Residential mortgage
8,398

 
9,958

 
18,356

 
19,712

 
725

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
1,182

 
2,352

 
3,534

 
3,626

 
70

Total consumer loans
1,182

 
2,352

 
3,534

 
3,626

 
70

Total
$
36,125

 
$
78,694

 
$
114,819

 
$
123,559

 
$
10,531
Average Recorded Investment and Interest Income Recognized on Impaired Loans
The following tables present by loan portfolio class, 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
 
2016
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
70,135

 
$
300

 
$
31,499

 
$
293

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
57,712

 
482

 
58,117

 
513

Construction
3,049

 
21

 
6,635

 
37

Total commercial real estate loans
60,761

 
503

 
64,752

 
550

Residential mortgage
15,630

 
183

 
20,193

 
225

Consumer loans:
 
 
 
 
 
 
 
Home equity
4,766

 
49

 
2,253

 
25

Total consumer loans
4,766

 
49

 
2,253

 
25

Total
$
151,292

 
$
1,035

 
$
118,697

 
$
1,093





 
Nine Months Ended September 30,
 
2017
 
2016
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
49,037

 
$
896

 
$
28,008

 
$
727

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
57,718

 
1,290

 
66,871

 
1,627

Construction
2,836

 
60

 
8,814

 
138

Total commercial real estate loans
60,554

 
1,350

 
75,685

 
1,765

Residential mortgage
17,851

 
575

 
22,232

 
660

Consumer loans:
 
 
 
 
 
 
 
Home equity
4,820

 
123

 
2,560

 
68

Total consumer loans
4,820

 
123

 
2,560

 
68

Total
$
132,262

 
$
2,944

 
$
128,485

 
$
3,220
Pre-Modification and Post-Modification Outstanding Recorded Investments and Non-PCI Loans That Subsequently Defaulted
The following tables present loans by loan portfolio class modified as TDRs during the three and nine months ended September 30, 2017 and 2016. The pre-modification and post-modification outstanding recorded investments disclosed in the table below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at September 30, 2017 and 2016, respectively. 
 
 
Three Months Ended
September 30, 2017
 
Three Months Ended
September 30, 2016
Troubled Debt Restructurings
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
10

 
$
12,522

 
$
11,655

 
7

 
$
6,389

 
$
6,248

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
4

 
5,931

 
5,929

 
1

 
1,667

 
1,870

Construction
 
2

 
628

 
625

 
2

 
2,078

 
2,078

Total commercial real estate
 
6

 
6,559

 
6,554

 
3

 
3,745

 
3,948

Residential mortgage
 
2

 
561

 
557

 
1

 
78

 
77

Consumer
 
—

 
—

 
—

 
1

 
23

 
18

Total
 
18

 
$
19,642

 
$
18,766

 
12

 
$
10,235

 
$
10,291


 
 
Nine Months Ended
September 30, 2017
 
Nine Months Ended
September 30, 2016
Troubled Debt Restructurings
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number
of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
61

 
$
57,338

 
$
52,694

 
12

 
$
11,700

 
$
11,088

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
7

 
23,806

 
23,217

 
4

 
8,325

 
8,174

Construction
 
3

 
1,188

 
994

 
2

 
2,079

 
2,078

Total commercial real estate
 
10

 
24,994

 
24,211

 
6

 
10,404

 
10,252

Residential mortgage
 
6

 
1,514

 
1,495

 
8

 
2,300

 
2,271

Consumer
 
—

 
—

 
—

 
2

 
77

 
69

Total
 
77

 
$
83,846

 
$
78,400

 
28

 
$
24,481

 
$
23,680
Risk Category of Loans
The following table presents the risk category of loans (excluding PCI loans) by class of loans at September 30, 2017 and December 31, 2016. 

Credit exposure - by internally assigned risk rating
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total Non-PCI Loans
 
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
2,337,467

 
$
58,376

 
$
102,649

 
$
6,163

 
$
2,504,655

Commercial real estate
 
8,241,629

 
42,145

 
76,059

 
—

 
8,359,833

Construction
 
856,363

 
364

 
1,955

 
—

 
858,682

Total
 
$
11,435,459

 
$
100,885

 
$
180,663

 
$
6,163

 
$
11,723,170

December 31, 2016
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
2,246,457

 
$
44,316

 
$
64,649

 
$
1,596

 
$
2,357,018

Commercial real estate
 
7,486,469

 
57,591

 
84,268

 
—

 
7,628,328

Construction
 
708,070

 
200

 
1,996

 
—

 
710,266

Total
 
$
10,440,996

 
$
102,107

 
$
150,913

 
$
1,596

 
$
10,695,612
Recorded Investment in Loan Classes Based on Payment Activity
The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2017 and December 31, 2016: 
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total Non-PCI
Loans
 
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
Residential mortgage
 
$
2,778,805

 
$
12,974

 
$
2,791,779

Home equity
 
369,364

 
1,766

 
371,130

Automobile
 
1,171,501

 
78

 
1,171,579

Other consumer
 
671,949

 
—

 
671,949

Total
 
$
4,991,619

 
$
14,818

 
$
5,006,437

December 31, 2016
 
 
 
 
 
 
Residential mortgage
 
$
2,672,120

 
$
12,075

 
$
2,684,195

Home equity
 
375,185

 
1,028

 
376,213

Automobile
 
1,138,936

 
146

 
1,139,082

Other consumer
 
569,499

 
—

 
569,499

Total
 
$
4,755,740

 
$
13,249

 
$
4,768,989

The following table presents the recorded investment in PCI loans by class based on individual loan payment activity as of September 30, 2017 and December 31, 2016. 
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total
PCI Loans
 
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
Commercial and industrial
 
$
189,158

 
$
13,099

 
$
202,257

Commercial real estate
 
984,789

 
6,446

 
991,235

Construction
 
44,294

 
664

 
44,958

Residential mortgage
 
144,998

 
4,658

 
149,656

Consumer
 
83,203

 
546

 
83,749

Total
 
$
1,446,442

 
$
25,413

 
$
1,471,855

December 31, 2016
 
 
 
 
 
 
Commercial and industrial
 
$
272,483

 
$
8,694

 
$
281,177

Commercial real estate
 
1,080,376

 
10,963

 
1,091,339

Construction
 
113,370

 
1,310

 
114,680

Residential mortgage
 
179,793

 
3,930

 
183,723

Consumer
 
98,469

 
2,114

 
100,583

Total
 
$
1,744,491

 
$
27,011

 
$
1,771,502