LOANS (Tables)

3 Months Ended

Mar. 31, 2021

Loans and Leases Receivable Disclosure [Line Items]

Schedule of loans receivable, net

The segments of the Company’s loan portfolio are summarized as follows:

	March 31,		December 31,
(000’s omitted)	2021		2020
Business lending	$	3,391,786	$	3,440,077
Consumer mortgage		2,409,373		2,401,499
Consumer indirect		1,029,335		1,021,885
Consumer direct		142,425		152,657
Home equity		395,408		399,834
Gross loans, including deferred origination costs		7,368,327		7,415,952
Allowance for credit losses		(55,069)		(60,869)
Loans, net of allowance for credit losses	$	7,313,258	$	7,355,083

Schedule of aged analysis of past due loans by class

The following table presents the aging of the amortized cost basis of the Company’s past due loans, including PCD loans, by segment as of March 31, 2021:

	Past Due		90+ Days Past
	30 – 89		Due and				Total
(000’s omitted)	Days		Still Accruing		Nonaccrual		Past Due		Current		Total Loans
Business lending	$	3,681	$	88	$	54,930	$	58,699	$	3,333,087	$	3,391,786
Consumer mortgage		8,022		1,688		15,836		25,546		2,383,827		2,409,373
Consumer indirect		6,431		115		0		6,546		1,022,789		1,029,335
Consumer direct		559		16		2		577		141,848		142,425
Home equity		958		245		2,542		3,745		391,663		395,408
Total	$	19,651	$	2,152	$	73,310	$	95,113	$	7,273,214	$	7,368,327

The following table presents the aging of the amortized cost basis of the Company’s past due loans, including PCD loans, by segment as of December 31, 2020:

	Past Due		90+ Days Past
	30 – 89		Due and				Total
(000’s omitted)	Days		Still Accruing		Nonaccrual		Past Due		Current		Total Loans
Business lending	$	4,896	$	59	$	55,709	$	60,664	$	3,379,413	$	3,440,077
Consumer mortgage		13,236		3,051		14,970		31,257		2,370,242		2,401,499
Consumer indirect		13,161		219		1		13,381		1,008,504		1,021,885
Consumer direct		1,170		28		3		1,201		151,456		152,657
Home equity		2,296		565		2,246		5,107		394,727		399,834
Total	$	34,759	$	3,922	$	72,929	$	111,610	$	7,304,342	$	7,415,952

Schedule of non-business impaired loans

All loan classes are collectively evaluated for impairment except business lending. A summary of individually evaluated impaired business loans as of March 31, 2021 and December 31, 2020 follows:

	March 31,		December 31,
(000’s omitted)	2021		2020
Loans with allowance allocation	$	26,670	$	27,437
Loans without allowance allocation		8,028		8,138
Carrying balance		34,698		35,575
Contractual balance		37,745		38,362
Specifically allocated allowance		3,560		3,874

Schedule of troubled debt restructurings on financing receivables

Information regarding TDRs as of March 31, 2021 and December 31, 2020 is as follows:

	March 31, 2021									December 31, 2020
(000’s omitted)	Nonaccrual			Accruing			Total			Nonaccrual			Accruing			Total
	#	Amount		#	Amount		#	Amount		#	Amount		#	Amount		#	Amount
Business lending	6	$	505	4	$	185	10	$	690	6	$	529	4	$	191	10	$	720
Consumer mortgage	55		2,389	44		2,174	99		4,563	56		2,413	48		2,266	104		4,679
Consumer indirect	0		0	78		882	78		882	0		0	86		951	86		951
Consumer direct	0		0	20		31	20		31	0		0	23		85	23		85
Home equity	10		261	12		257	22		518	11		285	13		264	24		549
Total	71	$	3,155	158	$	3,529	229	$	6,684	73	$	3,227	174	$	3,757	247	$	6,984

The following table presents information related to loans modified in a TDR during the three months ended March 31, 2021 and 2020. Of the loans noted in the table below, all consumer mortgage loans for the three months ended March 31, 2021 and 2020 were modified due to a Chapter 7 bankruptcy as described previously. The financial effects of these restructurings were immaterial.

	Three Months Ended			Three Months Ended
	March 31, 2021			March 31, 2020
	Number of	Outstanding		Number of	Outstanding
(000’s omitted)	loans modified	Balance		loans modified	Balance
Business lending	0	$	0	0	$	0
Consumer mortgage	3		110	7		617
Consumer indirect	6		66	14		127
Consumer direct	1		7	1		12
Home equity	0		0	0		0
Total	10	$	183	22	$	756

Schedule of allowance for loan losses by class

The following presents by segment the activity in the allowance for credit losses during the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31, 2021
	Beginning		Charge-						Ending
(000’s omitted)	balance		offs		Recoveries		Provision		balance
Business lending	$	28,190	$	(51)	$	67	$	(1,164)	$	27,042
Consumer mortgage		10,672		(100)		10		(896)		9,686
Consumer indirect		13,696		(1,399)		1,246		(2,423)		11,120
Consumer direct		3,207		(318)		231		(438)		2,682
Home equity		2,222		(98)		4		(585)		1,543
Unallocated		1,000		0		0		0		1,000
Purchased credit deteriorated		1,882		0		27		87		1,996
Allowance for credit losses – loans		60,869		(1,966)		1,585		(5,419)		55,069
Liabilities for off-balance-sheet credit exposures		1,489		0		0		(300)		1,189
Total allowance for credit losses	$	62,358	$	(1,966)	$	1,585	$	(5,719)	$	56,258

	Three Months Ended March 31, 2020
	Beginning				Beginning
	balance,				balance,
	prior to the				after
	adoption of		Impact of		adoption of								Ending
(000’s omitted)	ASC 326		ASC 326		ASC 326		Charge-offs		Recoveries		Provision		balance
Business lending	$	19,426	$	288	$	19,714	$	(176)	$	138	$	(187)	$	19,489
Consumer mortgage		10,269		(1,051)		9,218		(186)		8		3,390		12,430
Consumer indirect		13,712		(997)		12,715		(2,079)		1,163		1,895		13,694
Consumer direct		3,255		(643)		2,612		(533)		182		1,476		3,737
Home equity		2,129		808		2,937		(73)		6		(386)		2,484
Unallocated		957		43		1,000		0		0		(228)		772
Purchased credit deteriorated		0		3,072		3,072		0		0		(26)		3,046
Purchased credit impaired		163		(163)		0		0		0		0		0
Allowance for credit losses – loans		49,911		1,357		51,268		(3,047)		1,497		5,934		55,652
Liabilities for off-balance-sheet credit exposures		0		1,185		1,185		0		0		(340)		845
Total allowance for credit losses	$	49,911	$	2,542	$	52,453	$	(3,047)	$	1,497	$	5,594	$	56,497

Schedule of financing receivables purchased and Sold

The following table presents the carrying amounts of loans purchased and sold during the three months ended March 31, 2021 by portfolio segment:

	Business		Consumer		Consumer		Consumer		Home
(000’s omitted)	lending		mortgage		indirect		direct		equity		Total
Purchases	$	0	$	0	$	0	$	0	$	0	$	0
Sales		0		8,284		0		0		0		8,284

Business Lending [Member]

Loans and Leases Receivable Disclosure [Line Items]

Schedule of loans by credit quality indicator

The following tables show the amount of business lending loans by credit quality category at March 31, 2021 and December 31, 2020:

													Revolving
													Loans
(000’s omitted)	Term Loans Amortized Cost Basis by Origination Year												Amortized
March 31, 2021	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Business lending:
Risk rating
Pass	$	289,320	$	599,626	$	344,078	$	296,523	$	202,536	$	715,334	$	491,420	$	2,938,837
Special mention		1,187		13,585		16,348		24,560		25,583		76,596		44,936		202,795
Classified		63		4,493		22,684		38,881		25,884		93,255		61,343		246,603
Doubtful		0		0		17		88		0		71		3,375		3,551
Total business lending	$	290,570	$	617,704	$	383,127	$	360,052	$	254,003	$	885,256	$	601,074	$	3,391,786

													Revolving
													Loans
(000’s omitted)	Term Loans Amortized Cost Basis by Origination Year												Amortized
December 31, 2020	2020		2019		2018		2017		2016		Prior		Cost Basis		Total
Business lending:
Risk rating
Pass	$	860,178	$	351,350	$	312,087	$	217,138	$	231,453	$	543,999	$	483,018	$	2,999,223
Special mention		14,687		36,041		28,410		21,875		29,386		51,657		52,732		234,788
Classified		6,336		4,560		30,422		24,807		14,891		65,157		56,000		202,173
Doubtful		0		18		2,888		0		0		108		879		3,893
Total business lending	$	881,201	$	391,969	$	373,807	$	263,820	$	275,730	$	660,921	$	592,629	$	3,440,077

All Other Loans [Member]

Loans and Leases Receivable Disclosure [Line Items]

Schedule of loans by credit quality indicator

													Revolving
													Loans
(000’s omitted)	Term Loans Amortized Cost Basis by Origination Year												Amortized
March 31, 2021	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Consumer mortgage:
FICO AB
Performing	$	106,415	$	254,218	$	213,877	$	152,748	$	149,072	$	715,345	$	95	$	1,591,770
Nonperforming		0		0		0		268		649		2,880		0		3,797
Total FICO AB		106,415		254,218		213,877		153,016		149,721		718,225		95		1,595,567
FICO CDE
Performing		28,736		132,230		98,451		77,047		69,565		373,604		20,446		800,079
Nonperforming		0		130		908		799		751		11,139		0		13,727
Total FICO CDE		28,736		132,360		99,359		77,846		70,316		384,743		20,446		813,806
Total consumer mortgage	$	135,151	$	386,578	$	313,236	$	230,862	$	220,037	$	1,102,968	$	20,541	$	2,409,373
Consumer indirect:
Performing	$	119,208	$	282,934	$	273,903	$	175,721	$	72,517	$	104,937	$	0	$	1,029,220
Nonperforming		0		40		17		41		11		6		0		115
Total consumer indirect	$	119,208	$	282,974	$	273,920	$	175,762	$	72,528	$	104,943		0	$	1,029,335
Consumer direct:
Performing	$	13,121	$	42,530	$	40,319	$	22,983	$	9,781	$	7,493	$	6,180	$	142,407
Nonperforming		0		0		10		2		0		6		0		18
Total consumer direct	$	13,121	$	42,530	$	40,329	$	22,985	$	9,781	$	7,499	$	6,180	$	142,425
Home equity:
Performing	$	17,564	$	49,686	$	45,846	$	25,565	$	21,395	$	48,214	$	184,351	$	392,621
Nonperforming		0		0		22		111		97		701		1,856		2,787
Total home equity	$	17,564	$	49,686	$	45,868	$	25,676	$	21,492	$	48,915	$	186,207	$	395,408

The following table details the balances in all other loan categories at December 31, 2020:

													Revolving
													Loans
(000’s omitted)	Term Loans Amortized Cost Basis by Origination Year												Amortized
December 31, 2020	2020		2019		2018		2017		2016		Prior		Cost Basis		Total
Consumer mortgage:
FICO AB
Performing	$	260,588	$	227,027	$	166,638	$	163,653	$	160,911	$	614,976	$	321	$	1,594,114
Nonperforming		0		0		275		398		345		2,709		0		3,727
Total FICO AB		260,588		227,027		166,913		164,051		161,256		617,685		321		1,597,841
FICO CDE
Performing		115,049		102,788		80,973		75,289		83,214		314,668		17,382		789,363
Nonperforming		0		1,010		582		877		1,786		10,040		0		14,295
Total FICO CDE		115,049		103,798		81,555		76,166		85,000		324,708		17,382		803,658
Total consumer mortgage	$	375,637	$	330,825	$	248,468	$	240,217	$	246,256	$	942,393	$	17,703	$	2,401,499
Consumer indirect:
Performing	$	303,471	$	305,901	$	202,373	$	86,497	$	61,449	$	61,975	$	0	$	1,021,666
Nonperforming		51		52		82		17		16		1		0		219
Total consumer indirect	$	303,522	$	305,953	$	202,455	$	86,514	$	61,465	$	61,976		0	$	1,021,885
Consumer direct:
Performing	$	49,181	$	46,992	$	27,872	$	12,326	$	5,232	$	4,146	$	6,878	$	152,627
Nonperforming		1		19		2		5		0		3		0		30
Total consumer direct	$	49,182	$	47,011	$	27,874	$	12,331	$	5,232	$	4,149	$	6,878	$	152,657
Home equity:
Performing	$	48,145	$	48,780	$	28,074	$	23,524	$	17,828	$	35,900	$	194,773	$	397,024
Nonperforming		0		24		73		104		183		490		1,936		2,810
Total home equity	$	48,145	$	48,804	$	28,147	$	23,628	$	18,011	$	36,390	$	196,709	$	399,834