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

The detail of the loan portfolio as of September 30, 2019 and December 31, 2018 was as follows: 
 
September 30, 2019
 
December 31, 2018
 
Non-PCI
Loans
 
PCI Loans
 
Total
 
Non-PCI
Loans
 
PCI Loans
 
Total
 
(in thousands)
Loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
4,038,064

 
$
657,544

 
$
4,695,608

 
$
3,590,375

 
$
740,657

 
$
4,331,032

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
11,121,325

 
2,244,129

 
13,365,454

 
9,912,309

 
2,494,966

 
12,407,275

Construction
1,385,070

 
152,520

 
1,537,590

 
1,122,348

 
365,784

 
1,488,132

  Total commercial real estate loans
12,506,395

 
2,396,649

 
14,903,044

 
11,034,657

 
2,860,750

 
13,895,407

Residential mortgage
3,770,500

 
362,831

 
4,133,331

 
3,682,984

 
428,416

 
4,111,400

Consumer:
 
 
 
 
 
 
 
 
 
 
 
Home equity
382,079

 
107,729

 
489,808

 
371,340

 
145,749

 
517,089

Automobile
1,436,313

 
295

 
1,436,608

 
1,319,206

 
365

 
1,319,571

Other consumer
896,640

 
12,120

 
908,760

 
846,821

 
14,149

 
860,970

Total consumer loans
2,715,032

 
120,144

 
2,835,176

 
2,537,367

 
160,263

 
2,697,630

Total loans
$
23,029,991

 
$
3,537,168

 
$
26,567,159

 
$
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 nine months ended September 30, 2019 and 2018:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Balance, beginning of period
$
853,887

 
$
630,550

 
$
875,958

 
$
282,009

Acquisition
—

 
—

 
—

 
474,208

Accretion
(47,475
)
 
(54,367
)
 
(155,981
)
 
(180,034
)
Net (decrease) increase in expected cash flows
(58,268
)
 
23,983

 
28,167

 
23,983

Balance, end of period
$
748,144

 
$
600,166

 
$
748,144

 
$
600,166
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 September 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)
September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
5,702

 
$
3,158

 
$
4,133

 
$
75,311

 
$
88,304

 
$
3,949,760

 
$
4,038,064

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
20,851

 
735

 
1,125

 
9,560

 
32,271

 
11,089,054

 
11,121,325

Construction
11,523

 
7,129

 
—

 
356

 
19,008

 
1,366,062

 
1,385,070

Total commercial real estate loans
32,374

 
7,864

 
1,125

 
9,916

 
51,279

 
12,455,116

 
12,506,395

Residential mortgage
12,945

 
4,417

 
1,347

 
13,772

 
32,481

 
3,738,019

 
3,770,500

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
362

 
249

 
—

 
1,625

 
2,236

 
379,843

 
382,079

Automobile
9,118

 
1,220

 
648

 
207

 
11,193

 
1,425,120

 
1,436,313

Other consumer
3,599

 
108

 
108

 
218

 
4,033

 
892,607

 
896,640

Total consumer loans
13,079

 
1,577

 
756

 
2,050

 
17,462

 
2,697,570

 
2,715,032

Total
$
64,100

 
$
17,016

 
$
7,361

 
$
101,049

 
$
189,526

 
$
22,840,465

 
$
23,029,991

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 September 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)
September 30, 2019
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
12,661

 
$
97,878

 
$
110,539

 
$
123,876

 
$
35,730

Commercial real estate:
 
 
 
 
 
 
 
 
 
Commercial real estate
23,857

 
25,913

 
49,770

 
51,676

 
1,287

Construction
354

 
—

 
354

 
354

 
—

Total commercial real estate loans
24,211

 
25,913

 
50,124

 
52,030

 
1,287

Residential mortgage
6,752

 
4,904

 
11,656

 
12,740

 
525

Consumer loans:
 
 
 
 
 
 
 
 
 
Home equity
186

 
549

 
735

 
836

 
57

Total consumer loans
186

 
549

 
735

 
836

 
57

Total
$
43,810

 
$
129,244

 
$
173,054

 
$
189,482

 
$
37,599

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 nine months ended September 30, 2019 and 2018: 

 
Three Months Ended September 30,
 
2019
 
2018
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
114,233

 
$
763

 
$
87,414

 
$
422

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
49,608

 
551

 
50,809

 
556

Construction
354

 
—

 
987

 
15

Total commercial real estate loans
49,962

 
551

 
51,796

 
571

Residential mortgage
11,592

 
76

 
14,112

 
152

Consumer loans:
 
 
 
 
 
 
 
Home equity
738

 
11

 
2,454

 
17

Total consumer loans
738

 
11

 
2,454

 
17

Total
$
176,525

 
$
1,401

 
$
155,776

 
$
1,162


 
Nine Months Ended September 30,
 
2019
 
2018
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(in thousands)
Commercial and industrial
$
112,308

 
$
1,777

 
$
88,376

 
$
1,348

Commercial real estate:
 
 
 
 
 
 
 
Commercial real estate
46,894

 
1,817

 
52,993

 
1,735

Construction
509

 
—

 
1,811

 
54

Total commercial real estate loans
47,403

 
1,817

 
54,804

 
1,789

Residential mortgage
12,574

 
315

 
13,707

 
502

Consumer loans:
 
 
 
 
 
 
 
Home equity
872

 
32

 
2,093

 
83

Total consumer loans
872

 
32

 
2,093

 
83

Total
$
173,157

 
$
3,941

 
$
158,980

 
$
3,722
Pre-Modification and Post-Modification Outstanding Recorded Investments and Non-PCI Loans that Subsequently Defaulted
The following table presents non-PCI loans by loan class modified as TDRs during the three and nine months ended September 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 September 30, 2019 and 2018, respectively. 
 
 
Three Months Ended September 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

 
$
42,902

 
$
41,772

 
6

 
$
3,970

 
$
3,751

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
1

 
75

 
75

 
1

 
233

 
231

Total commercial real estate
 
1

 
75

 
75

 
1

 
233

 
231

Consumer
 
1

 
19

 
19

 
—

 
—

 
—

Total
 
55

 
$
42,996

 
$
41,866

 
7

 
$
4,203

 
$
3,982



 
 
Nine Months Ended September 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
 
104

 
$
78,601

 
$
72,183

 
22

 
$
14,719

 
$
13,904

Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
3

 
4,740

 
4,699

 
6

 
4,207

 
4,504

Construction
 
—

 
—

 
—

 
2

 
565

 
285

Total commercial real estate
 
3

 
4,740

 
4,699

 
8

 
4,772

 
4,789

Residential mortgage
 
1

 
155

 
154

 
5

 
980

 
952

Consumer
 
1

 
19

 
19

 
1

 
88

 
83

Total
 
109

 
$
83,515

 
$
77,055

 
36

 
$
20,559

 
$
19,728


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 nine months ended September 30, 2019 and 2018 were as follows:

 
 
Three Months Ended September 30,
 
 
2019

2018
Troubled Debt Restructurings Subsequently Defaulted
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
1

 
$
604

 
4

 
$
3,645

Residential mortgage
 
1

 
154

 
5

 
1,015

Total
 
2

 
$
758

 
9

 
$
4,660



 
 
Nine Months Ended September 30,
 
 
2019
 
2018
Troubled Debt Restructurings Subsequently Defaulted
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
 
($ in thousands)
Commercial and industrial
 
19

 
$
12,235

 
8

 
$
6,770

Commercial real estate
 
1

 
283

 
—

 
—

Residential mortgage
 
3

 
369

 
5

 
1,015

Consumer
 
1

 
18

 
—

 
—

Total
 
24

 
$
12,905

 
13

 
$
7,785
Risk Category of Loans
The following table presents the credit exposure by internally assigned risk rating by class of loans (excluding PCI loans) at September 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)
September 30, 2019
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
3,866,300

 
$
32,858

 
$
71,483

 
$
67,423

 
$
4,038,064

Commercial real estate
 
11,000,256

 
74,046

 
46,137

 
886

 
11,121,325

Construction
 
1,384,715

 
—

 
355

 
—

 
1,385,070

Total
 
$
16,251,271

 
$
106,904

 
$
117,975

 
$
68,309

 
$
16,544,459

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 PCI loans by class based on individual loan payment activity as of September 30, 2019 and December 31, 2018:
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total
PCI Loans
 
 
(in thousands)
September 30, 2019
 
 
 
 
 
 
Commercial and industrial
 
$
628,545

 
$
28,999

 
$
657,544

Commercial real estate
 
2,221,154

 
22,975

 
2,244,129

Construction
 
149,870

 
2,650

 
152,520

Residential mortgage
 
356,413

 
6,418

 
362,831

Consumer
 
117,664

 
2,480

 
120,144

Total
 
$
3,473,646

 
$
63,522

 
$
3,537,168

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


The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2019 and December 31, 2018: 
Credit exposure - by payment activity
 
Performing
Loans
 
Non-Performing
Loans
 
Total Non-PCI
Loans
 
 
(in thousands)
September 30, 2019
 
 
 
 
 
 
Residential mortgage
 
$
3,756,728

 
$
13,772

 
$
3,770,500

Home equity
 
380,454

 
1,625

 
382,079

Automobile
 
1,436,106

 
207

 
1,436,313

Other consumer
 
896,422

 
218

 
896,640

Total
 
$
6,469,710

 
$
15,822

 
$
6,485,532

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