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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Allowance for Credit Loss
THREE MONTHS ENDED SEPTEMBER 30, 2020
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITDEBT SECURITIES HELD TO MATURITYOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$210.2 $49.0 $6.5 $1.3 $267.0 
Charge-Offs(0.8)— — — (0.8)
Recoveries1.2 — — — 1.2 
Net Recoveries (Charge-Offs)0.4 — — — 0.4 
Provision for Credit Losses4.8 (4.1)0.4 (0.6)0.5 
Balance at End of Period$215.4 $44.9 $6.9 $0.7 $267.9 
NINE MONTHS ENDED SEPTEMBER 30, 2020
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITDEBT SECURITIES HELD TO MATURITYOTHER FINANCIAL ASSETSTOTAL
Balance at End of Prior Period$104.5 $19.9 $— $— $124.4 
Cumulative Effect Adjustment(2.2)8.9 6.6 0.4 13.7 
Balance at Beginning of Period102.3 28.8 6.6 0.4 138.1 
Charge-Offs(3.0)— — — (3.0)
Recoveries5.3 — — — 5.3 
Net Recoveries (Charge-Offs)2.3 — — — 2.3 
Provision for Credit Losses110.8 16.1 0.3 0.3 127.5 
Balance at End of Period$215.4 $44.9 $6.9 $0.7 $267.9 
THREE MONTHS ENDED SEPTEMBER 30, 2019
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITTOTAL
Balance at Beginning of Period$110.8 $23.3 $134.1 
Charge-Offs(1.1)— (1.1)
Recoveries1.7 — 1.7 
Net Recoveries (Charge-Offs) 0.6 — 0.6 
Provision for Credit Losses(5.7)(1.3)(7.0)
Balance at End of Period$105.7 $22.0 $127.7 
NINE MONTHS ENDED SEPTEMBER 30, 2019
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITTOTAL
Balance at Beginning of Period$112.6 $25.6 $138.2 
Charge-Offs(2.7)— (2.7)
Recoveries5.7 — 5.7 
Net Recoveries (Charge-Offs)3.0 — 3.0 
Provision for Credit Losses(9.9)(3.6)(13.5)
Balance at End of Period$105.7 $22.0 $127.7 
The following table provides information regarding changes in the total allowance for credit losses, including undrawn loan commitments and standby letters of credit, by segment during the three and nine months ended September 30, 2020 and 2019.
TABLE 58: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES RELATED TO LOANS AND LEASES
THREE MONTHS ENDED SEPTEMBER 30, 2020
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$162.8 $47.4 $210.2 $46.1 $2.9 $49.0 
Charge-Offs— (0.8)(0.8)— — — 
Recoveries0.2 1.0 1.2 — — — 
Net Recoveries (Charge-Offs)0.2 0.2 0.4 — — — 
Provision for Credit Losses(15.4)20.2 4.8 (6.0)1.9 (4.1)
Balance at End of Period$147.6 $67.8 $215.4 $40.1 $4.8 $44.9 
NINE MONTHS ENDED SEPTEMBER 30, 2020
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at End of Prior Period$58.1 $46.4 $104.5 $15.8 $4.1 $19.9 
Cumulative Effect Adjustment(5.9)3.7 (2.2)11.9 (3.0)8.9 
Balance at Beginning of Period52.2 50.1 102.3 27.7 1.1 28.8 
Charge-Offs(0.1)(2.9)(3.0)— — — 
Recoveries2.2 3.1 5.3 — — — 
Net Recoveries (Charge-Offs) 2.1 0.2 2.3 — — — 
Provision for Credit Losses93.3 17.5 110.8 12.4 3.7 16.1 
Balance at End of Period$147.6 $67.8 $215.4 $40.1 $4.8 $44.9 
THREE MONTHS ENDED SEPTEMBER 30, 2019
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$59.9 $50.9 $110.8 $18.5 $4.8 $23.3 
Charge-Offs— (1.1)(1.1)— — — 
Recoveries— 1.7 1.7 — — — 
Net Recoveries (Charge-Offs)— 0.6 0.6 — — — 
Provision for Credit Losses(1.3)(4.4)(5.7)(0.7)(0.6)(1.3)
Balance at End of Period$58.6 $47.1 $105.7 $17.8 $4.2 $22.0 
NINE MONTHS ENDED SEPTEMBER 30, 2019
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$57.6 $55.0 $112.6 $21.1 $4.5 $25.6 
Charge-Offs(0.1)(2.6)(2.7)— — — 
Recoveries0.7 5.0 5.7 — — — 
Net Recoveries (Charge-Offs)0.6 2.4 3.0 — — — 
Provision for Credit Losses0.4 (10.3)(9.9)(3.3)(0.3)(3.6)
Balance at End of Period$58.6 $47.1 $105.7 $17.8 $4.2 $22.0 
The following table provides information regarding the recorded investments in loans and leases and the allowance for credit losses for loans and leases and undrawn loan commitments and standby letters of credit by segment as of September 30, 2020 and December 31, 2019.
TABLE 59: RECORDED INVESTMENTS IN LOANS AND LEASES
SEPTEMBER 30, 2020DECEMBER 31, 2019
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Loans and Leases
Evaluated on an Individual Level$34.1 $63.9 $98.0 $10.4 $81.8 $92.2 
Evaluated on a Collective Level14,547.6 18,120.7 32,668.3 13,990.9 17,326.5 31,317.4 
Total Loans and Leases14,581.7 18,184.6 32,766.3 14,001.3 17,408.3 31,409.6 
Allowance for Credit Losses on Credit Exposures
Evaluated on an Individual Level5.6 0.4 6.0 3.4 1.6 5.0 
Evaluated on a Collective Level142.0 67.4 209.4 54.7 44.8 99.5 
Allowance Assigned to Loans and Leases147.6 67.8 215.4 58.1 46.4 104.5 
Allowance for Undrawn Loan Commitments and Standby Letters of Credit
Evaluated on an Individual Level2.2 — 2.2 1.9 — 1.9 
Evaluated on a Collective Level37.9 4.8 42.7 13.9 4.1 18.0 
Allowance Assigned to Undrawn Loan Commitments and Standby Letters of Credit40.1 4.8 44.9 15.8 4.1 19.9 
Total Allowance Assigned to Loans and Leases and Undrawn Loan Commitments and Standby Letters of Credit$187.7 $72.6 $260.3 $73.9 $50.5 $124.4 
Schedule of Accrued Liabilities
The following table provides the amount of accrued interest excluded from the amortized cost basis of the following portfolios.
TABLE 56: ACCRUED INTEREST
(In Millions)SEPTEMBER 30, 2020DECEMBER 31, 2019
Loans and Leases$54.2 $84.5 
Debt Securities
Held to Maturity$71.7 $82.3 
Available for Sale101.0 119.0 
Other Financial Assets$1.7 $14.7 
The following table provides amounts of accrued interest reversed through interest income by segment for the loan and lease portfolio.
TABLE 57: ACCRUED INTEREST REVERSED THROUGH INCOME
THREE MONTHS ENDED SEPTEMBER 30,NINE MONTHS ENDED SEPTEMBER 30,
(In Millions)20202020
Commercial$0.5 $1.5 
Personal0.6 $2.0 
Total Loans and Leases$1.1 $3.5 
Debt Securities, Held-to-maturity, Allowance for Credit Loss
THREE MONTHS ENDED SEPTEMBER 30, 2020
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPERNATIONAL, AND NON-U.S. AGENCY BONDSCERTIFICATE OF DEPOSITSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$0.5 $0.4 $0.7 $— $— $4.9 $6.5 
Provision for Credit Losses0.2 — (0.1)0.2 0.1 — 0.4 
Balance at End of Period$0.7 $0.4 $0.6 $0.2 $0.1 $4.9 $6.9 
NINE MONTHS ENDED SEPTEMBER 30, 2020
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPERNATIONAL, AND NON-U.S. AGENCY BONDSCERTIFICATE OF DEPOSITSCOVERED BONDSOTHERTOTAL
Balance at End of Prior Period$— $— $— $— $— $— $— 
Cumulative Effect Adjustment0.8 0.3 0.9 — — 4.6 6.6 
Balance at Beginning of Period0.8 0.3 0.9 — — 4.6 6.6 
Provision for Credit Losses(0.1)0.1 (0.3)0.2 0.1 0.3 0.3 
Balance at End of Period$0.7 $0.4 $0.6 $0.2 $0.1 $4.9 $6.9