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Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of Loan Portfolio

The detail of the loan portfolio as of June 30, 2019 and December 31, 2018 was as follows: 
 
June 30, 2019
 
December 31, 2018
 
Non-PCI
Loans
 
PCI Loans
 
Total
 
Non-PCI
Loans
 
PCI Loans
 
Total
 
(in thousands)
Loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
3,918,894

 
$
696,871

 
$
4,615,765

 
$
3,590,375

 
$
740,657

 
$
4,331,032

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
10,470,127

 
2,327,890

 
12,798,017

 
9,912,309

 
2,494,966

 
12,407,275

Construction
1,288,417

 
240,551

 
1,528,968

 
1,122,348

 
365,784

 
1,488,132

  Total commercial real estate loans
11,758,544

 
2,568,441

 
14,326,985

 
11,034,657

 
2,860,750

 
13,895,407

Residential mortgage
3,694,463

 
377,987

 
4,072,450

 
3,682,984

 
428,416

 
4,111,400

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity
385,987

 
115,659

 
501,646

 
371,340

 
145,749

 
517,089

Automobile
1,362,143

 
323

 
1,362,466

 
1,319,206

 
365

 
1,319,571

Other consumer
910,174

 
12,676

 
922,850

 
846,821

 
14,149

 
860,970

Total consumer loans
2,658,304

 
128,658

 
2,786,962

 
2,537,367

 
160,263

 
2,697,630

Total loans
$
22,030,205

 
$
3,771,957

 
$
25,802,162

 
$
20,845,383

 
$
4,190,086

 
$
25,035,469
Changes in Accretable Yield for PCI Loans
The following table presents changes in the accretable yield for PCI loans during the three and six months ended June 30, 2019 and 2018:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Balance, beginning of period
$
890,771

 
$
691,086

 
$
875,958

 
$
282,009

Acquisition
—

 
—

 
—

 
474,208

Accretion
(55,014
)
 
(60,536
)
 
(108,506
)
 
(125,667
)
Net increase in expected cash flows
18,130

 
—

 
86,435

 
—

Balance, end of period
$
853,887

 
$
630,550

 
$
853,887

 
$
630,550
Past Due, Non-Accrual and Current 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) by loan portfolio class at June 30, 2019 and December 31, 2018: 
 
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)
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
14,119

 
$
4,135

 
$
3,298

 
$
76,216

 
$
97,768

 
$
3,821,126

 
$
3,918,894

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
6,202

 
354

 
—

 
6,231

 
12,787

 
10,457,340

 
10,470,127

Construction
—

 
1,342

 
—

 
—

 
1,342

 
1,287,075

 
1,288,417

Total commercial real estate loans
6,202

 
1,696

 
—

 
6,231

 
14,129

 
11,744,415

 
11,758,544

Residential mortgage
19,131

 
3,635

 
1,054

 
12,069

 
35,889

 
3,658,574

 
3,694,463

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
673

 
82

 
—

 
1,630

 
2,385

 
383,602

 
385,987

Automobile
7,221

 
925

 
328

 
148

 
8,622

 
1,353,521

 
1,362,143

Other consumer
4,038

 
477

 
31

 
221

 
4,767

 
905,407

 
910,174

Total consumer loans
11,932

 
1,484

 
359

 
1,999

 
15,774

 
2,642,530

 
2,658,304

Total
$
51,384

 
$
10,950

 
$
4,711

 
$
96,515

 
$
163,560

 
$
21,866,645

 
$
22,030,205

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
13,085

 
$
3,768

 
$
6,156

 
$
70,096

 
$
93,105

 
$
3,497,270

 
$
3,590,375

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
9,521

 
530

 
27

 
2,372

 
12,450

 
9,899,859

 
9,912,309

Construction
2,829

 
—

 
—

 
356

 
3,185

 
1,119,163

 
1,122,348

Total commercial real estate loans
12,350

 
530

 
27

 
2,728

 
15,635

 
11,019,022

 
11,034,657

Residential mortgage
16,576

 
2,458

 
1,288

 
12,917

 
33,239

 
3,649,745

 
3,682,984

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
872

 
40

 
—

 
2,156

 
3,068

 
368,272

 
371,340

Automobile
7,973

 
1,299

 
308

 
80

 
9,660

 
1,309,546

 
1,319,206

Other consumer
895

 
47

 
33

 
419

 
1,394

 
845,427

 
846,821

Total consumer loans
9,740

 
1,386

 
341

 
2,655

 
14,122

 
2,523,245

 
2,537,367

Total
$
51,751

 
$
8,142

 
$
7,812

 
$
88,396

 
$
156,101

 
$
20,689,282

 
$
20,845,383
Impaired Loans by Loan Portfolio Class
The following table presents information about impaired loans by loan portfolio class at June 30, 2019 and December 31, 2018:
 
Recorded
Investment
With No Related
Allowance
 
Recorded
Investment
With Related
Allowance
 
Total
Recorded
Investment
 
Unpaid
Contractual
Principal
Balance
 
Related
Allowance
 
(in thousands)
June 30, 2019
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
13,008

 
$
90,018

 
$
103,026

 
$
115,602

 
$
31,128

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
20,707

 
26,258

 
46,965

 
49,067

 
2,604

Construction
354

 
—

 
354

 
354

 
—

Total commercial real estate loans
21,061

 
26,258

 
47,319

 
49,421

 
2,604

Residential mortgage
6,046

 
6,448

 
12,494

 
13,531

 
668

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
221

 
519

 
740

 
838

 
50

Total consumer loans
221

 
519

 
740

 
838

 
50

Total
$
40,336

 
$
123,243

 
$
163,579

 
$
179,392

 
$
34,450

December 31, 2018
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
8,339

 
$
89,513

 
$
97,852

 
$
104,007

 
$
29,684

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
16,732

 
25,606

 
42,338

 
44,337

 
2,615

Construction
803

 
457

 
1,260

 
1,260

 
13

Total commercial real estate loans
17,535

 
26,063

 
43,598

 
45,597

 
2,628

Residential mortgage
7,826

 
6,078

 
13,904

 
14,948

 
600

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
125

 
1,146

 
1,271

 
1,366

 
113

Total consumer loans
125

 
1,146

 
1,271

 
1,366

 
113

Total
$
33,825

 
$
122,800

 
$
156,625

 
$
165,918

 
$
33,025
Average Recorded Investment and Interest Income Recognized on Impaired Loans
The following table presents, by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2019 and 2018: 

 
Three Months Ended June 30,
 
2019
 
2018
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
105,633

 
$
443

 
$
87,674

 
$
212

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
46,234

 
547

 
52,729

 
563

Construction
354

 
—

 
2,244

 
16

Total commercial real estate loans
46,588

 
547

 
54,973

 
579

Residential mortgage
12,254

 
95

 
12,914

 
185

Consumer loans:
 
 
 
 
 
 
 
Home equity
747

 
10

 
1,794

 
33

Total consumer loans
747

 
10

 
1,794

 
33

Total
$
165,222

 
$
1,095

 
$
157,355

 
$
1,009



 
Six Months Ended June 30, 2018
 
2019
 
2018
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
111,329

 
$
1,014

 
$
88,865

 
$
926

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
45,515

 
1,266

 
54,104

 
1,179

Construction
587

 
—

 
2,230

 
39

Total commercial real estate loans
46,102

 
1,266

 
56,334

 
1,218

Residential mortgage
13,072

 
239

 
13,502

 
350

Consumer loans:
 
 
 
 
 
 
 
Home equity
940

 
21

 
1,910

 
66

Total consumer loans
940

 
21

 
1,910

 
66

Total
$
171,443

 
$
2,540

 
$
160,611

 
$
2,560
Pre-Modification and Post-Modification Outstanding Recorded Investments and Non-PCI Loans that Subsequently Defaulted
The non-PCI loans modified as TDRs within the previous 12 months and for which there was a payment default (90 or more days past due) for the three and six months ended June 30, 2019 and 2018 were as follows:

 
 
Three Months Ended June 30,
 
 
2019

2018
Troubled Debt Restructurings Subsequently Defaulted
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
18

 
$
12,322

 
4

 
$
3,212

Commercial real estate
 
1

 
383

 
—

 
—

Total
 
19

 
$
12,705

 
4

 
$
3,212



 
 
Six Months Ended June 30,
 
 
2019
 
2018
Troubled Debt Restructurings Subsequently Defaulted
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
18

 
$
12,322

 
4

 
$
3,212

Commercial real estate
 
1

 
383

 
—

 
—

Residential mortgage
 
2

 
215

 
—

 
—

Consumer
 
1

 
18

 
—

 
—

Total
 
22

 
$
12,938

 
4

 
$
3,212

The following table presents non-PCI loans by loan class modified as TDRs during the three and six months ended June 30, 2019 and 2018. The pre-modification and post-modification outstanding recorded investments disclosed in the tables below represent the loan carrying amounts immediately prior to the modification and the carrying amounts at June 30, 2019 and 2018, respectively. 
 
 
Three Months Ended June 30,
 
 
2019
 
2018
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
 
17

 
$
14,663

 
$
14,187

 
11

 
$
8,822

 
$
8,575

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
1

 
3,067

 
3,067

 
5

 
3,975

 
3,971

Construction
 
—

 
—

 
—

 
1

 
532

 
491

Total commercial real estate
 
1

 
3,067

 
3,067

 
6

 
4,507

 
4,462

Residential mortgage
 
1

 
155

 
155

 
2

 
393

 
389

Total
 
19

 
$
17,885

 
$
17,409

 
19

 
$
13,722

 
$
13,426



 
 
Six Months Ended June 30,
 
 
2019

2018
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
 
53

 
$
38,216

 
$
37,428

 
15

 
$
10,554

 
$
10,170

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
2

 
4,665

 
4,665

 
6

 
4,170

 
4,164

Construction
 
—

 
—

 
—

 
2

 
564

 
503

Total commercial real estate
 
2

 
4,665

 
4,665

 
8

 
4,734

 
4,667

Residential mortgage
 
1

 
155

 
155

 
5

 
980

 
963

Consumer
 
—

 
—

 
—

 
1

 
88

 
85

Total
 
56

 
$
43,036

 
$
42,248

 
29

 
$
16,356

 
$
15,885
Risk Category of Loans
The following table presents the credit exposure by internally assigned risk rating by class of loans (excluding PCI loans) at June 30, 2019 and December 31, 2018 based on the most recent analysis performed:

Credit exposure - by internally assigned risk rating
 
Pass
 
Special
Mention
 
Substandard
 
Doubtful
 
Total Non-PCI Loans
 
 
(in thousands)
June 30, 2019
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
3,733,252

 
$
40,412

 
$
75,853

 
$
69,377

 
$
3,918,894

Commercial real estate
 
10,362,538

 
63,116

 
43,564

 
909

 
10,470,127

Construction
 
1,286,278

 
1,785

 
354

 
—

 
1,288,417

Total
 
$
15,382,068

 
$
105,313

 
$
119,771

 
$
70,286

 
$
15,677,438

December 31, 2018
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
3,399,426

 
$
31,996

 
$
92,320

 
$
66,633

 
$
3,590,375

Commercial real estate
 
9,828,744

 
30,892

 
51,710

 
963

 
9,912,309

Construction
 
1,121,321

 
215

 
812

 
—

 
1,122,348

Total
 
$
14,349,491

 
$
63,103

 
$
144,842

 
$
67,596

 
$
14,625,032
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 June 30, 2019 and December 31, 2018: 
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total Non-PCI
Loans
 
 
(in thousands)
June 30, 2019
 
 
 
 
 
 
Residential mortgage
 
$
3,682,394

 
$
12,069

 
$
3,694,463

Home equity
 
384,357

 
1,630

 
385,987

Automobile
 
1,361,995

 
148

 
1,362,143

Other consumer
 
909,953

 
221

 
910,174

Total
 
$
6,338,699

 
$
14,068

 
$
6,352,767

December 31, 2018
 
 
 
 
 
 
Residential mortgage
 
$
3,670,067

 
$
12,917

 
$
3,682,984

Home equity
 
369,184

 
2,156

 
371,340

Automobile
 
1,319,126

 
80

 
1,319,206

Other consumer
 
846,402

 
419

 
846,821

Total
 
$
6,204,779

 
$
15,572

 
$
6,220,351


The following table presents the recorded investment in PCI loans by class based on individual loan payment activity as of June 30, 2019 and December 31, 2018:
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total
PCI Loans
 
 
(in thousands)
June 30, 2019
 
 
 
 
 
 
Commercial and industrial
 
$
668,887

 
$
27,984

 
$
696,871

Commercial real estate
 
2,309,294

 
18,596

 
2,327,890

Construction
 
239,926

 
625

 
240,551

Residential mortgage
 
372,531

 
5,456

 
377,987

Consumer
 
126,234

 
2,424

 
128,658

Total
 
$
3,716,872

 
$
55,085

 
$
3,771,957

December 31, 2018
 
 
 
 
 
 
Commercial and industrial
 
$
710,045

 
$
30,612

 
$
740,657

Commercial real estate
 
2,478,990

 
15,976

 
2,494,966

Construction
 
364,815

 
969

 
365,784

Residential mortgage
 
421,609

 
6,807

 
428,416

Consumer
 
158,502

 
1,761

 
160,263

Total
 
$
4,133,961

 
$
56,125

 
$
4,190,086