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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2022

Loans and Leases Receivable Disclosure [Line Items]

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


	March 31,		December 31,
(000’s omitted)	2022		2021
Business lending	$	3,102,533	$	3,075,904
Consumer mortgage		2,592,586		2,556,114
Consumer indirect		1,176,373		1,189,749
Consumer direct		152,445		153,811
Home equity		398,316		398,061
Gross loans, including deferred origination costs		7,422,253		7,373,639
Allowance for credit losses		(50,147)		(49,869)
Loans, net of allowance for credit losses	$	7,372,106	$	7,323,770

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 by segment as of March 31, 2022:


	Past Due		90+ Days Past
	30 – 89		Due and				Total
(000’s omitted)	Days		Still Accruing		Nonaccrual		Past Due		Current		Total Loans
Business lending	$	6,957	$	39	$	13,759	$	20,755	$	3,081,778	$	3,102,533
Consumer mortgage		8,768		3,522		16,097		28,387		2,564,199		2,592,586
Consumer indirect		7,936		33		0		7,969		1,168,404		1,176,373
Consumer direct		750		0		1		751		151,694		152,445
Home equity		1,610		222		2,356		4,188		394,128		398,316
Total	$	26,021	$	3,816	$	32,213	$	62,050	$	7,360,203	$	7,422,253

The following table presents the aging of the amortized cost basis of the Company’s past due loans by segment as of December 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	$	5,540	$	99	$	24,105	$	29,744	$	3,046,160	$	3,075,904
Consumer mortgage		10,297		3,328		15,027		28,652		2,527,462		2,556,114
Consumer indirect		9,611		87		0		9,698		1,180,051		1,189,749
Consumer direct		796		22		1		819		152,992		153,811
Home equity		1,778		272		2,532		4,582		393,479		398,061
Total	$	28,022	$	3,808	$	41,665	$	73,495	$	7,300,144	$	7,373,639

Schedule of non-business individually assessed loans

All loan classes are collectively assessed for impairment except business lending. A summary of individually assessed business loans as of March 31, 2022 and December 31, 2021 follows:


	March 31,		December 31,
(000’s omitted)	2022		2021
Loans with allowance allocation	$	5,374	$	7,102
Loans without allowance allocation		6,812		7,417
Carrying balance		12,186		14,519
Contractual balance		14,613		16,963
Specifically allocated allowance		504		566

Schedule of troubled debt restructurings on financing receivables

Information regarding TDRs as of March 31, 2022 and December 31, 2021 is as follows:


	March 31, 2022									December 31, 2021
(000’s omitted)	Nonaccrual			Accruing			Total			Nonaccrual			Accruing			Total
	#	Amount		#	Amount		#	Amount		#	Amount		#	Amount		#	Amount
Business lending	10	$	1,002	4	$	807	14	$	1,809	10	$	1,011	4	$	811	14	$	1,822
Consumer mortgage	59		2,654	48		2,468	107		5,122	61		2,694	47		2,420	108		5,114
Consumer indirect	0		0	69		746	69		746	0		0	72		829	72		829
Consumer direct	0		0	16		5	16		5	0		0	16		7	16		7
Home equity	10		227	12		225	22		452	10		235	12		232	22		467
Total	79	$	3,883	149	$	4,251	228	$	8,134	81	$	3,940	151	$	4,299	232	$	8,239

The following table presents information related to loans modified in a TDR during the three months ended March 31, 2022 and 2021. Of the loans noted in the table below, all consumer mortgage loans for the three months ended March 31, 2022 and 2021 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, 2022			March 31, 2021
	Number of	Outstanding		Number of	Outstanding
(000’s omitted)	loans modified	Balance		loans modified	Balance
Business lending	0	$	0	0	$	0
Consumer mortgage	4		195	3		110
Consumer indirect	4		35	6		66
Consumer direct	0		0	1		7
Home equity	0		0	0		0
Total	8	$	230	10	$	183

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, 2022 and 2021:


	Three Months Ended March 31, 2022
	Beginning		Charge-						Ending
(000’s omitted)	balance		offs		Recoveries		Provision		balance
Business lending	$	21,021	$	(116)	$	70	$	(967)	$	20,008
Consumer mortgage		10,017		(40)		9		338		10,324
Consumer indirect		11,737		(1,688)		1,000		1,817		12,866
Consumer direct		2,306		(301)		176		544		2,725
Home equity		1,814		(11)		93		(428)		1,468
Unallocated		1,000		0		0		0		1,000
Purchased credit deteriorated		1,974		0		269		(487)		1,756
Allowance for credit losses – loans		49,869		(2,156)		1,617		817		50,147
Liabilities for off-balance-sheet credit exposures		803		0		0		89		892
Total allowance for credit losses	$	50,672	$	(2,156)	$	1,617	$	906	$	51,039


	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

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, 2022 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		2,627		0		0		0		2,627

Business Lending

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, 2022 and December 31, 2021:


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
March 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Business lending:
Risk rating
Pass	$	117,222	$	483,382	$	334,060	$	317,223	$	242,680	$	742,997	$	539,835	$	2,777,399
Special mention		831		4,763		7,168		4,149		44,310		68,634		25,669		155,524
Classified		198		1,807		1,704		20,559		36,775		79,860		28,189		169,092
Doubtful		0		0		0		0		0		0		518		518
Total business lending	$	118,251	$	489,952	$	342,932	$	341,931	$	323,765	$	891,491	$	594,211	$	3,102,533


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
December 31, 2021	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Business lending:
Risk rating
Pass	$	524,302	$	328,885	$	320,638	$	248,175	$	186,074	$	584,912	$	524,553	$	2,717,539
Special mention		5,969		11,013		10,111		46,318		22,524		57,134		27,444		180,513
Classified		1,870		1,767		20,315		40,235		21,904		63,685		27,511		177,287
Doubtful		0		0		0		62		0		0		503		565
Total business lending	$	532,141	$	341,665	$	351,064	$	334,790	$	230,502	$	705,731	$	580,011	$	3,075,904

All Other Loans [Member]

Loans and Leases Receivable Disclosure [Line Items]

Schedule of loans by credit quality indicator


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
March 31, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Consumer mortgage:
FICO AB⁽¹⁾
Performing	$	105,733	$	495,405	$	221,644	$	172,573	$	106,030	$	644,931	$	0	$	1,746,316
Nonperforming		0		0		263		60		129		4,070		0		4,522
Total FICO AB		105,733		495,405		221,907		172,633		106,159		649,001		0		1,750,838
FICO CDE⁽²⁾
Performing		36,769		178,858		119,016		81,270		53,033		334,535		23,170		826,651
Nonperforming		0		403		793		1,001		1,687		11,213		0		15,097
Total FICO CDE		36,769		179,261		119,809		82,271		54,720		345,748		23,170		841,748
Total consumer mortgage	$	142,502	$	674,666	$	341,716	$	254,904	$	160,879	$	994,749	$	23,170	$	2,592,586

Consumer indirect:
Performing	$	110,578	$	546,880	$	181,655	$	157,786	$	90,813	$	88,628	$	0	$	1,176,340
Nonperforming		0		1		13		0		19		0		0		33
Total consumer indirect	$	110,578	$	546,881	$	181,668	$	157,786	$	90,832	$	88,628	$	0	$	1,176,373

Consumer direct:
Performing	$	20,301	$	62,650	$	25,145	$	20,697	$	10,017	$	7,534	$	6,100	$	152,444
Nonperforming		0		0		0		0		1		0		0		1
Total consumer direct	$	20,301	$	62,650	$	25,145	$	20,697	$	10,018	$	7,534	$	6,100	$	152,445

Home equity:
Performing	$	14,418	$	76,786	$	41,090	$	34,073	$	16,860	$	46,471	$	166,040	$	395,738
Nonperforming		0		0		64		84		170		706		1,554		2,578
Total home equity	$	14,418	$	76,786	$	41,154	$	34,157	$	17,030	$	47,177	$	167,594	$	398,316

(1)

FICO AB refers to higher tiered loans with FICO scores greater than or equal to 720 at origination.

(2)

FICO CDE refers to loans with FICO scores less than 720 at origination and potentially higher risk.

The following table details the balances in all other loan categories at December 31, 2021:


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
December 31, 2021	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
Consumer mortgage:
FICO AB⁽¹⁾
Performing	$	514,680	$	229,039	$	183,469	$	113,618	$	116,417	$	566,129	$	0	$	1,723,352
Nonperforming		0		266		0		131		435		3,236		0		4,068
Total FICO AB		514,680		229,305		183,469		113,749		116,852		569,365		0		1,727,420
FICO CDE⁽²⁾
Performing		168,870		122,546		85,253		57,973		54,396		300,341		25,028		814,407
Nonperforming		0		522		972		1,465		939		10,389		0		14,287
Total FICO CDE		168,870		123,068		86,225		59,438		55,335		310,730		25,028		828,694
Total consumer mortgage	$	683,550	$	352,373	$	269,694	$	173,187	$	172,187	$	880,095	$	25,028	$	2,556,114

Consumer indirect:
Performing	$	590,857	$	204,529	$	182,458	$	107,683	$	39,385	$	64,750	$	0	$	1,189,662
Nonperforming		0		34		0		24		17		12		0		87
Total consumer indirect	$	590,857	$	204,563	$	182,458	$	107,707	$	39,402	$	64,762	$	0	$	1,189,749

Consumer direct:
Performing	$	72,584	$	28,905	$	24,770	$	12,340	$	4,396	$	4,575	$	6,218	$	153,788
Nonperforming		0		4		18		1		0		0		0		23
Total consumer direct	$	72,584	$	28,909	$	24,788	$	12,341	$	4,396	$	4,575	$	6,218	$	153,811

Home equity:
Performing	$	76,041	$	43,106	$	35,990	$	18,824	$	15,134	$	35,740	$	170,422	$	395,257
Nonperforming		0		64		47		102		131		679		1,781		2,804
Total home equity	$	76,041	$	43,170	$	36,037	$	18,926	$	15,265	$	36,419	$	172,203	$	398,061

(1)

FICO AB refers to higher tiered loans with FICO scores greater than or equal to 720 at origination.

(2)

FICO CDE refers to loans with FICO scores less than 720 at origination and potentially higher risk.