XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Summary of Allowance for Credit Losses
The following table summarizes the allowance for credit losses at September 30, 2017 and December 31, 2016: 
 
September 30,
2017
 
December 31,
2016
 
(in thousands)
Components of allowance for credit losses:
 
 
 
Allowance for loan losses
$
118,966

 
$
114,419

Allowance for unfunded letters of credit
2,514

 
2,185

Total allowance for credit losses
$
121,480

 
$
116,604
Summary of Provision for Credit Losses
The following table summarizes the provision for credit losses for the periods indicated:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Components of provision for credit losses:
 
 
 
 
 
 
 
Provision for loan losses
$
1,301

 
$
5,949

 
$
7,413

 
$
8,041

Provision for unfunded letters of credit
339

 
(109
)
 
329

 
28

Total provision for credit losses
$
1,640

 
$
5,840

 
$
7,742

 
$
8,069
Summary of Activity in Allowance for Loan Losses
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2017 and 2016:
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Total
 
(in thousands)
Three Months Ended
September 30, 2017
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Beginning balance
$
51,617

 
$
55,455

 
$
4,186

 
$
5,188

 
$
116,446

Loans charged-off
(265
)
 
—

 
(129
)
 
(1,335
)
 
(1,729
)
Charged-off loans recovered
2,320

 
42

 
220

 
366

 
2,948

Net recoveries (charge-offs)
2,055

 
42

 
91

 
(969
)
 
1,219

Provision for loan losses
1,017

 
(198
)
 
(385
)
 
867

 
1,301

Ending balance
$
54,689

 
$
55,299

 
$
3,892

 
$
5,086

 
$
118,966

Three Months Ended
September 30, 2016
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,025

 
$
51,877

 
$
3,495

 
$
4,691

 
$
108,088

Loans charged-off
(3,763
)
 
—

 
(518
)
 
(782
)
 
(5,063
)
Charged-off loans recovered
902

 
44

 
495

 
282

 
1,723

Net (charge-offs) recoveries
(2,861
)
 
44

 
(23
)
 
(500
)
 
(3,340
)
Provision for loan losses
5,588

 
539

 
(94
)
 
(84
)
 
5,949

Ending balance
$
50,752

 
$
52,460

 
$
3,378

 
$
4,107

 
$
110,697


 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Total
 
(in thousands)
Nine Months Ended
September 30, 2017
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Beginning balance
$
50,820

 
$
55,851

 
$
3,702

 
$
4,046

 
$
114,419

Loans charged-off
(4,889
)
 
(553
)
 
(488
)
 
(3,467
)
 
(9,397
)
Charged-off loans recovered
3,480

 
824

 
903

 
1,324

 
6,531

Net (charge-offs) recoveries
(1,409
)
 
271

 
415

 
(2,143
)
 
(2,866
)
Provision for loan losses
5,278

 
(823
)
 
(225
)
 
3,183

 
7,413

Ending balance
$
54,689

 
$
55,299

 
$
3,892

 
$
5,086

 
$
118,966

Nine Months Ended
September 30, 2016
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,767

 
$
48,006

 
$
4,625

 
$
4,780

 
$
106,178

Loans charged-off
(5,507
)
 
(519
)
 
(750
)
 
(2,553
)
 
(9,329
)
Charged-off loans recovered
2,418

 
1,591

 
604

 
1,194

 
5,807

Net (charge-offs) recoveries
(3,089
)
 
1,072

 
(146
)
 
(1,359
)
 
(3,522
)
Provision for loan losses
5,074

 
3,382

 
(1,101
)
 
686

 
8,041

Ending balance
$
50,752

 
$
52,460

 
$
3,378

 
$
4,107

 
$
110,697
Summary of Allocation of Allowance for Loan Losses and Related Loans by Loan Portfolio Segment Disaggregated Based on Impairment Methodology
The following table represents the allocation of the allowance for loan losses and the related loans by loan portfolio segment disaggregated based on the impairment methodology at September 30, 2017 and December 31, 2016. 
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Residential
Mortgage
 
Consumer
 
Total
 
(in thousands)
September 30, 2017
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7,104

 
$
2,644

 
$
733

 
$
69

 
$
10,550

Collectively evaluated for impairment
47,585

 
52,655

 
3,159

 
5,017

 
108,416

Total
$
54,689

 
$
55,299

 
$
3,892

 
$
5,086

 
$
118,966

Loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
68,944

 
$
63,912

 
$
14,313

 
$
3,249

 
$
150,418

Collectively evaluated for impairment
2,435,711

 
9,154,603

 
2,777,466

 
2,211,409

 
16,579,189

Loans acquired with discounts related to credit quality
202,257

 
1,036,193

 
149,656

 
83,749

 
1,471,855

Total
$
2,706,912

 
$
10,254,708

 
$
2,941,435

 
$
2,298,407

 
$
18,201,462

December 31, 2016
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
5,864

 
$
3,872

 
$
725

 
$
70

 
$
10,531

Collectively evaluated for impairment
44,956

 
51,979

 
2,977

 
3,976

 
103,888

Total
$
50,820

 
$
55,851

 
$
3,702

 
$
4,046

 
$
114,419

Loans:
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
30,640

 
$
62,289

 
$
18,356

 
$
3,534

 
$
114,819

Collectively evaluated for impairment
2,326,378

 
8,276,305

 
2,665,839

 
2,081,260

 
15,349,782

Loans acquired with discounts related to credit quality
281,177

 
1,206,019

 
183,723

 
100,583

 
1,771,502

Total
$
2,638,195

 
$
9,544,613

 
$
2,867,918

 
$
2,185,377

 
$
17,236,103