XML 37 R26.htm IDEA: XBRL DOCUMENT

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

Accounts, Notes, Loans and Financing Receivable [Line Items]

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


	June 30,		December 31,
(000’s omitted)	2022		2021
Business lending	$	3,331,998	$	3,075,904
Consumer mortgage		2,903,822		2,556,114
Consumer indirect		1,309,753		1,189,749
Consumer direct		173,686		153,811
Home equity		425,437		398,061
Gross loans, including deferred origination costs		8,144,696		7,373,639
Allowance for credit losses		(55,542)		(49,869)
Loans, net of allowance for credit losses	$	8,089,154	$	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 June 30, 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	$	2,567	$	611	$	10,160	$	13,338	$	3,318,660	$	3,331,998
Consumer mortgage		9,391		4,493		18,557		32,441		2,871,381		2,903,822
Consumer indirect		9,534		124		7		9,665		1,300,088		1,309,753
Consumer direct		1,029		0		32		1,061		172,625		173,686
Home equity		1,452		211		2,930		4,593		420,844		425,437
Total	$	23,973	$	5,439	$	31,686	$	61,098	$	8,083,598	$	8,144,696

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

Commercial loans greater than $0.5 million that are on nonaccrual are individually assessed, and if necessary, a specific allocation of the allowance for credit losses is provided. A summary of individually assessed business loans as of June 30, 2022 and December 31, 2021 follows:


	June 30,		December 31,
(000’s omitted)	2022		2021
Loans with allowance allocation	$	5,353	$	7,102
Loans without allowance allocation		3,302		7,417
Carrying balance		8,655		14,519
Contractual balance		11,046		16,963
Specifically allocated allowance		504		566

Schedule of troubled debt restructurings on financing receivables

Information regarding TDRs as of June 30, 2022 and December 31, 2021 is as follows:


	June 30, 2022									December 31, 2021
(000’s omitted)	Nonaccrual			Accruing			Total			Nonaccrual			Accruing			Total
	#	Amount		#	Amount		#	Amount		#	Amount		#	Amount		#	Amount
Business lending	1	$	135	3	$	291	4	$	426	10	$	1,011	4	$	811	14	$	1,822
Consumer mortgage	58		2,412	46		2,137	104		4,549	61		2,694	47		2,420	108		5,114
Consumer indirect	0		0	65		708	65		708	0		0	72		829	72		829
Consumer direct	0		0	15		1	15		1	0		0	16		7	16		7
Home equity	9		122	12		225	21		347	10		235	12		232	22		467
Total	68	$	2,669	141	$	3,362	209	$	6,031	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 and six months ended June 30, 2022 and 2021. Of the loans noted in the table below, all consumer mortgage loans for the three months and six months ended June 30, 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
	June 30, 2022			June 30, 2021
	Number of	Outstanding		Number of	Outstanding
(000’s omitted)	loans modified	Balance		loans modified	Balance
Business lending	0	$	0	0	$	0
Consumer mortgage	1		89	7		366
Consumer indirect	3		26	9		116
Consumer direct	0		0	0		0
Home equity	1		7	0		0
Total	5	$	122	16	$	482


	Six Months Ended			Six Months Ended
	June 30, 2022			June 30, 2021
	Number of	Outstanding		Number of		Outstanding
(000’s omitted)	loans modified	Balance		loans modified		Balance
Business lending	0	$	0		0	$	0
Consumer mortgage	5		280		10		474
Consumer indirect	7		60		15		177
Consumer direct	0		0		1		6
Home equity	1		7		0		0
Total	13	$	347		26	$	657

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 and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30, 2022
								PCD
	Beginning		Charge-					Allowance at			Ending
(000’s omitted)	balance		offs		Recoveries			Acquisition	Provision		balance
Business lending	$	21,764	$	(39)	$	155	$	71	$	1,290	$	23,241
Consumer mortgage		10,324		(77)		8		0		2,376		12,631
Consumer indirect		12,866		(1,789)		1,346		0		1,955		14,378
Consumer direct		2,725		(216)		227		0		86		2,822
Home equity		1,468		(26)		28		0		0		1,470
Unallocated		1,000		(0)		0		0		0		1,000
Allowance for credit losses – loans		50,147		(2,147)		1,764		71		5,707		55,542
Liabilities for off-balance-sheet credit exposures		892		0		0		0		331		1,223
Total allowance for credit losses	$	51,039	$	(2,147)	$	1,764	$	71	$	6,038	$	56,765


	Three Months Ended June 30, 2021
	Beginning		Charge-						Ending
(000’s omitted)	balance		offs		Recoveries		Provision		balance
Business lending	$	29,038	$	(2)	$	288	$	(4,022)	$	25,302
Consumer mortgage		9,686		(142)		9		448		10,001
Consumer indirect		11,120		(750)		1,183		(450)		11,103
Consumer direct		2,682		(195)		213		(152)		2,548
Home equity		1,543		(17)		5		265		1,796
Unallocated		1,000		0		0		0		1,000
Allowance for credit losses – loans		55,069		(1,106)		1,698		(3,911)		51,750
Liabilities for off-balance-sheet credit exposures		1,189		0		0		(427)		762
Total allowance for credit losses	$	56,258	$	(1,106)	$	1,698	$	(4,338)	$	52,512


	Six Months Ended June 30, 2022
							PCD
	Beginning		Charge-				Allowance at				Ending
(000’s omitted)	balance		offs		Recoveries		Acquisition		Provision		balance
Business lending	$	22,995	$	(155)	$	494	$	71	$	(164)	$	23,241
Consumer mortgage		10,017		(117)		17		0		2,714		12,631
Consumer indirect		11,737		(3,477)		2,346		0		3,772		14,378
Consumer direct		2,306		(517)		403		0		630		2,822
Home equity		1,814		(37)		121		0		(428)		1,470
Unallocated		1,000		0		0		0		0		1,000
Allowance for credit losses – loans		49,869		(4,303)		3,381		71		6,524		55,542
Liabilities for off-balance-sheet credit exposures		803		0		0		0		420		1,223
Total allowance for credit losses	$	50,672	$	(4,303)	$	3,381	$	71	$	6,944	$	56,765


	Six Months Ended June 30, 2021
	Beginning		Charge-						Ending
(000’s omitted)	balance		offs		Recoveries		Provision		balance
Business lending	$	30,072	$	(53)	$	382	$	(5,099)	$	25,302
Consumer mortgage		10,672		(242)		19		(448)		10,001
Consumer indirect		13,696		(2,149)		2,429		(2,873)		11,103
Consumer direct		3,207		(513)		444		(590)		2,548
Home equity		2,222		(115)		9		(320)		1,796
Unallocated		1,000		0		0		0		1,000
Allowance for credit losses – loans		60,869		(3,072)		3,283		(9,330)		51,750
Liabilities for off-balance-sheet credit exposures		1,489		0		0		(727)		762
Total allowance for credit losses	$	62,358	$	(3,072)	$	3,283	$	(10,057)	$	52,512

Schedule of financing receivables purchased and Sold

The following table presents the carrying amounts of loans purchased and sold during the six months ended June 30, 2022 by portfolio segment:


	Business		Consumer		Consumer		Consumer		Home
(000’s omitted)	lending		mortgage		indirect		direct		equity		Total
Purchases	$	125,288	$	271,408	$	9,383	$	12,511	$	18,429	$	437,019
Sales		0		3,749		0		0		0		3,749

Business Lending

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of loans by credit quality indicator

The following tables show the amount of business lending loans by credit quality category at June 30, 2022 and December 31, 2021:


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
June 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Business lending:
Risk rating
Pass	$	367,405	$	441,621	$	316,718	$	325,447	$	244,974	$	752,119	$	598,932	$	3,047,216
Special mention		1,394		4,767		6,722		3,804		33,349		70,260		25,089		145,385
Classified		754		993		1,662		19,665		36,358		55,487		23,962		138,881
Doubtful		0		0		0		0		0		0		516		516
Total business lending	$	369,553	$	447,381	$	325,102	$	348,916	$	314,681	$	877,866	$	648,499	$	3,331,998


	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]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of loans by credit quality indicator


	Term Loans Amortized Cost Basis by Origination Year
													Revolving
													Loans
(000’s omitted)													Amortized
June 30, 2022	2022		2021		2020		2019		2018		Prior		Cost Basis		Total
Consumer mortgage:
FICO AB⁽¹⁾
Performing	$	220,903	$	509,425	$	236,973	$	188,243	$	109,305	$	658,990	$	1,619	$	1,925,458
Nonperforming		0		0		328		349		127		4,431		0		5,235
Total FICO AB		220,903		509,425		237,301		188,592		109,432		663,421		1,619		1,930,693
FICO CDE⁽²⁾
Performing		89,665		210,753		124,959		92,308		59,032		357,755		20,842		955,314
Nonperforming		0		918		1,052		1,096		1,822		12,927		0		17,815
Total FICO CDE		89,665		211,671		126,011		93,404		60,854		370,682		20,842		973,129
Total consumer mortgage	$	310,568	$	721,096	$	363,312	$	281,996	$	170,286	$	1,034,103	$	22,461	$	2,903,822

Consumer indirect:
Performing	$	360,807	$	498,199	$	162,632	$	135,841	$	75,934	$	76,209	$	0	$	1,309,622
Nonperforming		0		7		78		42		0		4		0		131
Total consumer indirect	$	360,807	$	498,206	$	162,710	$	135,883	$	75,934	$	76,213	$	0	$	1,309,753

Consumer direct:
Performing	$	50,163	$	59,334	$	23,270	$	18,990	$	9,040	$	6,505	$	6,352	$	173,654
Nonperforming		0		0		0		0		30		2		0		32
Total consumer direct	$	50,163	$	59,334	$	23,270	$	18,990	$	9,070	$	6,507	$	6,352	$	173,686

Home equity:
Performing	$	37,404	$	77,314	$	41,297	$	35,445	$	18,607	$	46,968	$	165,261	$	422,296
Nonperforming		0		10		64		236		163		1,301		1,367		3,141
Total home equity	$	37,404	$	77,324	$	41,361	$	35,681	$	18,770	$	48,269	$	166,628	$	425,437

(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.