Loans |
NOTE 4 LOANS: During 2015, the Corporation reclassified all closed end first lien home equity loans to residential mortgage loans in order to better align with the Corporation's regulatory reporting of residential mortgage loan products. All prior periods have been restated to reflect this change. As a result, the restated home equity loan portfolio is $1.1 billion for December 31, 2014, compared to the originally reported amount of $1.6 billion. Similarly, the restated residential mortgage loan portfolio is $5.1 billion for December 31, 2014, compared to the originally reported amount of $4.5 billion.
Loans at December 31 are summarized below. | | | | | | | | | | 2015 | | 2014 | | ($ in Thousands) | Commercial and industrial | $ | 6,147,440 |
| | $ | 5,905,902 |
| Commercial real estate — owner occupied | 918,212 |
| | 1,007,937 |
| Lease financing | 43,243 |
| | 51,529 |
| Commercial and business lending | 7,108,895 |
| | 6,965,368 |
| Commercial real estate — investor | 3,234,266 |
| | 3,056,485 |
| Real estate construction | 1,162,145 |
| | 1,008,956 |
| Commercial real estate lending | 4,396,411 |
| | 4,065,441 |
| Total commercial | 11,505,306 |
| | 11,030,809 |
| Home equity | 1,005,802 |
| | 1,051,927 |
| Installment and credit cards | 419,968 |
| | 454,219 |
| Residential mortgage | 5,783,267 |
| | 5,056,891 |
| Total consumer | 7,209,037 |
| | 6,563,037 |
| Total loans | $ | 18,714,343 |
| | $ | 17,593,846 |
|
The Corporation has granted loans to their directors, executive officers, or their related interests. These loans were made on substantially the same terms, including rates and collateral, as those prevailing at the time for comparable transactions with other unrelated customers, and do not involve more than a normal risk of collection. These loans to related parties are summarized below. | | | | | | 2015 | | ($ in Thousands) | Balance at beginning of year | $ | 74,420 |
| New loans | 14,840 |
| Repayments | (19,990 | ) | Changes due to status of executive officers and directors | (32,673 | ) | Balance at end of year | $ | 36,597 |
|
A summary of the changes in the allowance for credit losses for the years indicated was as follows. | | | | | | | | | | | | | | 2015 | | 2014 | | 2013 | | ($ in Thousands) | Allowance for Loan Losses: | | | | | | Balance at beginning of year | $ | 266,302 |
| | $ | 268,315 |
| | $ | 297,409 |
| Provision for loan losses | 38,000 |
| | 13,000 |
| | 10,000 |
| Charge offs | (52,280 | ) | | (44,096 | ) | | (88,061 | ) | Recoveries | 22,242 |
| | 29,083 |
| | 48,967 |
| Net charge offs | (30,038 | ) | | (15,013 | ) | | (39,094 | ) | Balance at end of year | $ | 274,264 |
| | $ | 266,302 |
| | $ | 268,315 |
| Allowance for Unfunded Commitments: | | | | | | Balance at beginning of year | $ | 24,900 |
| | $ | 21,900 |
| | $ | 21,800 |
| Provision for unfunded commitments | (500 | ) | | 3,000 |
| | 100 |
| Balance at end of year | $ | 24,400 |
| | $ | 24,900 |
| | $ | 21,900 |
| Allowance for Credit Losses | $ | 298,664 |
| | $ | 291,202 |
| | $ | 290,215 |
|
The allowance for credit losses is comprised of the allowance for loan losses and the allowance for unfunded commitments. The level of the allowance for loan losses represents management’s estimate of an amount appropriate to provide for probable credit losses in the loan portfolio at the balance sheet date. The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated probable losses related to unfunded credit facilities (including unfunded loan commitments and letters of credit) and is included in accrued expenses and other liabilities on the consolidated balance sheets. See Note 1 for the Corporation’s accounting policy for the allowance for loan losses and the allowance for unfunded commitments. See Note 16 for additional information on the allowance for unfunded commitments. A summary of the changes in the allowance for loan losses by portfolio segment for the year ended December 31, 2015, was as follows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ in Thousands | Commercial and industrial | | Commercial real estate — owner occupied | | Lease financing | | Commercial real estate — investor | | Real estate construction | | Home equity | | Installment and credit cards | | Residential mortgage | | Total | Balance at Dec 31, 2014 | $ | 116,025 |
| | $ | 16,510 |
| | $ | 1,610 |
| | $ | 46,333 |
| | $ | 20,999 |
| | $ | 26,464 |
| | $ | 6,435 |
| | $ | 31,926 |
| | $ | 266,302 |
| Provision for loan losses | 30,861 |
| | 3,894 |
| | (671 | ) | | (2,827 | ) | | 2,749 |
| | 906 |
| | 2,194 |
| | 894 |
| | 38,000 |
| Charge offs | (27,687 | ) | | (2,645 | ) | | — |
| | (4,645 | ) | | (750 | ) | | (7,048 | ) | | (3,869 | ) | | (5,636 | ) | | (52,280 | ) | Recoveries | 9,795 |
| | 921 |
| | 26 |
| | 4,157 |
| | 2,268 |
| | 3,233 |
| | 765 |
| | 1,077 |
| | 22,242 |
| Balance at Dec 31, 2015 | $ | 128,994 |
| | $ | 18,680 |
| | $ | 965 |
| | $ | 43,018 |
| | $ | 25,266 |
| | $ | 23,555 |
| | $ | 5,525 |
| | $ | 28,261 |
| | $ | 274,264 |
| Allowance for loan losses: | | | | | | | | | | | | | | | | | | Ending balance impaired loans individually evaluated for impairment | $ | 7,522 |
| | $ | — |
| | $ | — |
| | $ | 229 |
| | $ | — |
| | $ | 46 |
| | $ | — |
| | $ | 166 |
| | $ | 7,963 |
| Ending balance impaired loans collectively evaluated for impairment | $ | 640 |
| | $ | 448 |
| | $ | — |
| | $ | 1,602 |
| | $ | 453 |
| | $ | 10,072 |
| | $ | 195 |
| | $ | 12,296 |
| | $ | 25,706 |
| Total impaired loans | $ | 8,162 |
| | $ | 448 |
| | $ | — |
| | $ | 1,831 |
| | $ | 453 |
| | $ | 10,118 |
| | $ | 195 |
| | $ | 12,462 |
| | $ | 33,669 |
| Ending balance all other loans collectively evaluated for impairment | $ | 120,832 |
| | $ | 18,232 |
| | $ | 965 |
| | $ | 41,187 |
| | $ | 24,813 |
| | $ | 13,437 |
| | $ | 5,330 |
| | $ | 15,799 |
| | $ | 240,595 |
| Total | $ | 128,994 |
| | $ | 18,680 |
| | $ | 965 |
| | $ | 43,018 |
| | $ | 25,266 |
| | $ | 23,555 |
| | $ | 5,525 |
| | $ | 28,261 |
| | $ | 274,264 |
| Loans: | | | | | | | | | | | | | | | | | | Ending balance impaired loans individually evaluated for impairment | $ | 89,935 |
| | $ | 6,221 |
| | $ | 1,634 |
| | $ | 5,460 |
| | $ | — |
| | $ | 1,281 |
| | $ | — |
| | $ | 6,956 |
| | $ | 111,487 |
| Ending balance impaired loans collectively evaluated for impairment | $ | 31,299 |
| | $ | 9,705 |
| | $ | — |
| | $ | 25,098 |
| | $ | 1,450 |
| | $ | 21,032 |
| | $ | 1,154 |
| | $ | 64,396 |
| | $ | 154,134 |
| Total impaired loans | $ | 121,234 |
| | $ | 15,926 |
| | $ | 1,634 |
| | $ | 30,558 |
| | $ | 1,450 |
| | $ | 22,313 |
| | $ | 1,154 |
| | $ | 71,352 |
| | $ | 265,621 |
| Ending balance all other loans collectively evaluated for impairment | $ | 6,026,206 |
| | $ | 902,286 |
| | $ | 41,609 |
| | $ | 3,203,708 |
| | $ | 1,160,695 |
| | $ | 983,489 |
| | $ | 418,814 |
| | $ | 5,711,915 |
| | $ | 18,448,722 |
| Total | $ | 6,147,440 |
| | $ | 918,212 |
| | $ | 43,243 |
| | $ | 3,234,266 |
| | $ | 1,162,145 |
| | $ | 1,005,802 |
| | $ | 419,968 |
| | $ | 5,783,267 |
| | $ | 18,714,343 |
|
At December 31, 2015, $42 million of the commercial and industrial allowance for loan losses was attributable to Oil and Gas related credits, compared to $17 million at December 31, 2014. This allocated allowance for loan losses represented 5.58% and 2.26% of period end Oil and Gas related loans at December 31, 2015 and December 31, 2014, respectively. The total allowance for loan losses is available to absorb losses from any segment of the loan portfolio. For comparison purposes, a summary of the changes in the allowance for loan losses by portfolio segment for the year ended December 31, 2014, was as follows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ in Thousands | Commercial and industrial | | Commercial real estate — owner occupied | | Lease financing | | Commercial real estate — investor | | Real estate construction | | Home equity | | Installment and credit cards | | Residential mortgage | | Total | Balance at Dec 31, 2013 | $ | 104,501 |
| | $ | 19,476 |
| | $ | 1,607 |
| | $ | 58,156 |
| | $ | 23,418 |
| | $ | 27,932 |
| | $ | 2,416 |
| | $ | 30,809 |
| | $ | 268,315 |
| Provision for loan losses | 14,767 |
| | (1,296 | ) | | 35 |
| | (17,290 | ) | | (1,277 | ) | | 6,278 |
| | 6,279 |
| | 5,504 |
| | 13,000 |
| Charge offs | (14,633 | ) | | (3,476 | ) | | (39 | ) | | (4,529 | ) | | (1,958 | ) | | (10,946 | ) | | (2,876 | ) | | (5,639 | ) | | (44,096 | ) | Recoveries | 11,390 |
| | 1,806 |
| | 7 |
| | 9,996 |
| | 816 |
| | 3,200 |
| | 616 |
| | 1,252 |
| | 29,083 |
| Balance at Dec 31, 2014 | $ | 116,025 |
| | $ | 16,510 |
| | $ | 1,610 |
| | $ | 46,333 |
| | $ | 20,999 |
| | $ | 26,464 |
| | $ | 6,435 |
| | $ | 31,926 |
| | $ | 266,302 |
| Allowance for loan losses: | | | | | | | | | | | | | | | | | | Ending balance impaired loans individually evaluated for impairment | $ | 13,615 |
| | $ | 1,490 |
| | $ | 574 |
| | $ | 1,649 |
| | $ | 328 |
| | $ | 11 |
| | $ | — |
| | $ | 199 |
| | $ | 17,866 |
| Ending balance impaired loans collectively evaluated for impairment | $ | 2,852 |
| | $ | 1,731 |
| | $ | — |
| | $ | 1,938 |
| | $ | 767 |
| | $ | 11,371 |
| | $ | 308 |
| | $ | 13,598 |
| | $ | 32,565 |
| Total impaired loans | $ | 16,467 |
| | $ | 3,221 |
| | $ | 574 |
| | $ | 3,587 |
| | $ | 1,095 |
| | $ | 11,382 |
| | $ | 308 |
| | $ | 13,797 |
| | $ | 50,431 |
| Ending balance all other loans collectively evaluated for impairment | $ | 99,558 |
| | $ | 13,289 |
| | $ | 1,036 |
| | $ | 42,746 |
| | $ | 19,904 |
| | $ | 15,082 |
| | $ | 6,127 |
| | $ | 18,129 |
| | $ | 215,871 |
| Total | $ | 116,025 |
| | $ | 16,510 |
| | $ | 1,610 |
| | $ | 46,333 |
| | $ | 20,999 |
| | $ | 26,464 |
| | $ | 6,435 |
| | $ | 31,926 |
| | $ | 266,302 |
| Loans: | | | | | | | | | | | | | | | | | | Ending balance impaired loans individually evaluated for impairment | $ | 45,118 |
| | $ | 20,731 |
| | $ | 1,801 |
| | $ | 19,683 |
| | $ | 3,776 |
| | $ | 962 |
| | $ | — |
| | $ | 9,751 |
| | $ | 101,822 |
| Ending balance impaired loans collectively evaluated for impairment | $ | 38,437 |
| | $ | 15,548 |
| | $ | — |
| | $ | 26,129 |
| | $ | 2,350 |
| | $ | 23,698 |
| | $ | 1,587 |
| | $ | 66,058 |
| | $ | 173,807 |
| Total impaired loans | $ | 83,555 |
| | $ | 36,279 |
| | $ | 1,801 |
| | $ | 45,812 |
| | $ | 6,126 |
| | $ | 24,660 |
| | $ | 1,587 |
| | $ | 75,809 |
| | $ | 275,629 |
| Ending balance all other loans collectively evaluated for impairment | $ | 5,822,347 |
| | $ | 971,658 |
| | $ | 49,728 |
| | $ | 3,010,673 |
| | $ | 1,002,830 |
| | $ | 1,027,267 |
| | $ | 452,632 |
| | $ | 4,981,082 |
| | $ | 17,318,217 |
| Total | $ | 5,905,902 |
| | $ | 1,007,937 |
| | $ | 51,529 |
| | $ | 3,056,485 |
| | $ | 1,008,956 |
| | $ | 1,051,927 |
| | $ | 454,219 |
| | $ | 5,056,891 |
| | $ | 17,593,846 |
|
The following table presents commercial loans by credit quality indicator at December 31, 2015. | | | | | | | | | | | | | | | | | | | | | | Pass | | Special Mention | | Potential Problem | | Impaired | | Total | | ($ Thousands) | Commercial and industrial | $ | 5,455,573 |
| | $ | 339,953 |
| | $ | 230,680 |
| | $ | 121,234 |
| | $ | 6,147,440 |
| Commercial real estate — owner occupied | 827,694 |
| | 38,886 |
| | 35,706 |
| | 15,926 |
| | 918,212 |
| Lease financing | 37,969 |
| | 1,190 |
| | 2,450 |
| | 1,634 |
| | 43,243 |
| Commercial and business lending | 6,321,236 |
| | 380,029 |
| | 268,836 |
| | 138,794 |
| | 7,108,895 |
| Commercial real estate — investor | 3,150,134 |
| | 27,630 |
| | 25,944 |
| | 30,558 |
| | 3,234,266 |
| Real estate construction | 1,156,524 |
| | 252 |
| | 3,919 |
| | 1,450 |
| | 1,162,145 |
| Commercial real estate lending | 4,306,658 |
| | 27,882 |
| | 29,863 |
| | 32,008 |
| | 4,396,411 |
| Total commercial | $ | 10,627,894 |
| | $ | 407,911 |
| | $ | 298,699 |
| | $ | 170,802 |
| | $ | 11,505,306 |
|
The following table presents commercial loans by credit quality indicator at December 31, 2014. | | | | | | | | | | | | | | | | | | | | | | Pass | | Special Mention | | Potential Problem | | Impaired | | Total | | ($ Thousands) | Commercial and industrial | $ | 5,594,497 |
| | $ | 119,328 |
| | $ | 108,522 |
| | $ | 83,555 |
| | $ | 5,905,902 |
| Commercial real estate — owner occupied | 904,526 |
| | 18,437 |
| | 48,695 |
| | 36,279 |
| | 1,007,937 |
| Lease financing | 46,931 |
| | 88 |
| | 2,709 |
| | 1,801 |
| | 51,529 |
| Commercial and business lending | 6,545,954 |
| | 137,853 |
| | 159,926 |
| | 121,635 |
| | 6,965,368 |
| Commercial real estate — investor | 2,974,493 |
| | 12,137 |
| | 24,043 |
| | 45,812 |
| | 3,056,485 |
| Real estate construction | 998,972 |
| | 2,082 |
| | 1,776 |
| | 6,126 |
| | 1,008,956 |
| Commercial real estate lending | 3,973,465 |
| | 14,219 |
| | 25,819 |
| | 51,938 |
| | 4,065,441 |
| Total commercial | $ | 10,519,419 |
| | $ | 152,072 |
| | $ | 185,745 |
| | $ | 173,573 |
| | $ | 11,030,809 |
|
The following table presents consumer loans by credit quality indicator at December 31, 2015. | | | | | | | | | | | | | | | | | | | | | | Performing | | 30-89 Days Past Due | | Potential Problem | | Impaired | | Total | | ($ Thousands) | Home equity | $ | 975,348 |
| | $ | 7,919 |
| | $ | 222 |
| | $ | 22,313 |
| | $ | 1,005,802 |
| Installment and credit cards | 416,944 |
| | 1,870 |
| | — |
| | 1,154 |
| | 419,968 |
| Residential mortgage | 5,704,189 |
| | 4,930 |
| | 2,796 |
| | 71,352 |
| | 5,783,267 |
| Total consumer | $ | 7,096,481 |
| | $ | 14,719 |
| | $ | 3,018 |
| | $ | 94,819 |
| | $ | 7,209,037 |
|
The following table presents consumer loans by credit quality indicator at December 31, 2014. | | | | | | | | | | | | | | | | | | | | | | Performing | | 30-89 Days Past Due | | Potential Problem | | Impaired | | Total | | ($ Thousands) | Home equity | $ | 1,017,604 |
| | $ | 8,783 |
| | $ | 880 |
| | $ | 24,660 |
| | $ | 1,051,927 |
| Installment and credit cards | 450,698 |
| | 1,932 |
| | 2 |
| | 1,587 |
| | 454,219 |
| Residential mortgage | 4,972,455 |
| | 4,846 |
| | 3,781 |
| | 75,809 |
| | 5,056,891 |
| Total consumer | $ | 6,440,757 |
| | $ | 15,561 |
| | $ | 4,663 |
| | $ | 102,056 |
| | $ | 6,563,037 |
|
Factors that are important to managing overall credit quality are sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, and appropriate allowance for loan losses, allowance for unfunded commitments, nonaccrual, and charge off policies. For commercial loans, management has determined the pass credit quality indicator to include credits that exhibit acceptable financial statements, cash flow, and leverage. If any risk exists, it is mitigated by the loan structure, collateral, monitoring, or control. For consumer loans, performing loans include credits that are performing in accordance with the original contractual terms. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Special mention credits have potential weaknesses that deserve management’s attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit. Potential problem loans are considered inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged. These loans generally have a well-defined weakness, or weaknesses, that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Lastly, management considers a loan to be impaired when it is probable that the Corporation will be unable to collect all amounts due according to the original contractual terms of the note agreement, including both principal and interest. Management has determined that commercial and consumer loan relationships that have nonaccrual status or have had their terms restructured in a troubled debt restructuring meet this impaired loan definition. Commercial loans classified as special mention, potential problem, and impaired are reviewed at a minimum on a quarterly basis, while pass and performing rated credits are reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted. See Note 1 for the Corporation’s accounting policy for loans. The following table presents loans by past due status at December 31, 2015. | | | | | | | | | | | | | | | | | | | | | | | | | | 30-59 Days Past Due | | 60-89 Days Past Due | | 90 Days or More Past Due* | | Total Past Due | | Current | | Total | | ($ in Thousands) | Accruing loans | | | | | | | | | | | | Commercial and industrial | $ | 602 |
| | $ | 409 |
| | $ | 249 |
| | $ | 1,260 |
| | $ | 6,054,239 |
| | $ | 6,055,499 |
| Commercial real estate — owner occupied | 7,142 |
| | — |
| | — |
| | 7,142 |
| | 903,021 |
| | 910,163 |
| Lease financing | — |
| | — |
| | — |
| | — |
| | 41,609 |
| | 41,609 |
| Commercial and business lending | 7,744 |
| | 409 |
| | 249 |
| | 8,402 |
| | 6,998,869 |
| | 7,007,271 |
| Commercial real estate — investor | 291 |
| | — |
| | — |
| | 291 |
| | 3,225,332 |
| | 3,225,623 |
| Real estate construction | 270 |
| | 26 |
| | — |
| | 296 |
| | 1,160,909 |
| | 1,161,205 |
| Commercial real estate lending | 561 |
| | 26 |
| | — |
| | 587 |
| | 4,386,241 |
| | 4,386,828 |
| Total commercial | 8,305 |
| | 435 |
| | 249 |
| | 8,989 |
| | 11,385,110 |
| | 11,394,099 |
| Home equity | 6,190 |
| | 1,729 |
| | — |
| | 7,919 |
| | 982,639 |
| | 990,558 |
| Installment and credit cards | 1,195 |
| | 675 |
| | 1,399 |
| | 3,269 |
| | 416,374 |
| | 419,643 |
| Residential mortgage | 4,491 |
| | 439 |
| | — |
| | 4,930 |
| | 5,726,855 |
| | 5,731,785 |
| Total consumer | 11,876 |
| | 2,843 |
| | 1,399 |
| | 16,118 |
| | 7,125,868 |
| | 7,141,986 |
| Total accruing loans | $ | 20,181 |
| | $ | 3,278 |
| | $ | 1,648 |
| | $ | 25,107 |
| | $ | 18,510,978 |
| | $ | 18,536,085 |
| Nonaccrual loans | | | | | | | | | | | | Commercial and industrial | $ | 895 |
| | $ | 16 |
| | $ | 4,848 |
| | $ | 5,759 |
| | $ | 86,182 |
| | $ | 91,941 |
| Commercial real estate — owner occupied | — |
| | 2,572 |
| | 1,301 |
| | 3,873 |
| | 4,176 |
| | 8,049 |
| Lease financing | — |
| | — |
| | — |
| | — |
| | 1,634 |
| | 1,634 |
| Commercial and business lending | 895 |
| | 2,588 |
| | 6,149 |
| | 9,632 |
| | 91,992 |
| | 101,624 |
| Commercial real estate — investor | 3,174 |
| | 1,158 |
| | 3,480 |
| | 7,812 |
| | 831 |
| | 8,643 |
| Real estate construction | 133 |
| | 61 |
| | 427 |
| | 621 |
| | 319 |
| | 940 |
| Commercial real estate lending | 3,307 |
| | 1,219 |
| | 3,907 |
| | 8,433 |
| | 1,150 |
| | 9,583 |
| Total commercial | 4,202 |
| | 3,807 |
| | 10,056 |
| | 18,065 |
| | 93,142 |
| | 111,207 |
| Home equity | 1,922 |
| | 1,330 |
| | 5,833 |
| | 9,085 |
| | 6,159 |
| | 15,244 |
| Installment and credit cards | 47 |
| | 39 |
| | 151 |
| | 237 |
| | 88 |
| | 325 |
| Residential mortgage | 3,984 |
| | 5,251 |
| | 17,950 |
| | 27,185 |
| | 24,297 |
| | 51,482 |
| Total consumer | 5,953 |
| | 6,620 |
| | 23,934 |
| | 36,507 |
| | 30,544 |
| | 67,051 |
| Total nonaccrual loans** | $ | 10,155 |
| | $ | 10,427 |
| | $ | 33,990 |
| | $ | 54,572 |
| | $ | 123,686 |
| | $ | 178,258 |
| Total loans | | | | | | | | | | | | Commercial and industrial | $ | 1,497 |
| | $ | 425 |
| | $ | 5,097 |
| | $ | 7,019 |
| | $ | 6,140,421 |
| | $ | 6,147,440 |
| Commercial real estate — owner occupied | 7,142 |
| | 2,572 |
| | 1,301 |
| | 11,015 |
| | 907,197 |
| | 918,212 |
| Lease financing | — |
| | — |
| | — |
| | — |
| | 43,243 |
| | 43,243 |
| Commercial and business lending | 8,639 |
| | 2,997 |
| | 6,398 |
| | 18,034 |
| | 7,090,861 |
| | 7,108,895 |
| Commercial real estate — investor | 3,465 |
| | 1,158 |
| | 3,480 |
| | 8,103 |
| | 3,226,163 |
| | 3,234,266 |
| Real estate construction | 403 |
| | 87 |
| | 427 |
| | 917 |
| | 1,161,228 |
| | 1,162,145 |
| Commercial real estate lending | 3,868 |
| | 1,245 |
| | 3,907 |
| | 9,020 |
| | 4,387,391 |
| | 4,396,411 |
| Total commercial | 12,507 |
| | 4,242 |
| | 10,305 |
| | 27,054 |
| | 11,478,252 |
| | 11,505,306 |
| Home equity | 8,112 |
| | 3,059 |
| | 5,833 |
| | 17,004 |
| | 988,798 |
| | 1,005,802 |
| Installment and credit cards | 1,242 |
| | 714 |
| | 1,550 |
| | 3,506 |
| | 416,462 |
| | 419,968 |
| Residential mortgage | 8,475 |
| | 5,690 |
| | 17,950 |
| | 32,115 |
| | 5,751,152 |
| | 5,783,267 |
| Total consumer | 17,829 |
| | 9,463 |
| | 25,333 |
| | 52,625 |
| | 7,156,412 |
| | 7,209,037 |
| Total loans | $ | 30,336 |
| | $ | 13,705 |
| | $ | 35,638 |
| | $ | 79,679 |
| | $ | 18,634,664 |
| | $ | 18,714,343 |
|
* The recorded investment in loans past due 90 days or more and still accruing totaled $2 million at December 31, 2015 (the same as the reported balances for the accruing loans noted above). ** The percent of nonaccrual loans which are current was 69% at December 31, 2015. The following table presents loans by past due status at December 31, 2014. | | | | | | | | | | | | | | | | | | | | | | | | | | 30-59 Days Past Due | | 60-89 Days Past Due | | 90 Days or More Past Due* | | Total Past Due | | Current | | Total | | ($ in Thousands) | Accruing loans | | | | | | | | | | | | Commercial and industrial | $ | 4,466 |
| | $ | 10,281 |
| | $ | 254 |
| | $ | 15,001 |
| | $ | 5,841,238 |
| | $ | 5,856,239 |
| Commercial real estate — owner occupied | 8,429 |
| | 2,199 |
| | — |
| | 10,628 |
| | 971,484 |
| | 982,112 |
| Lease financing | — |
| | — |
| | — |
| | — |
| | 49,728 |
| | 49,728 |
| Commercial and business lending | 12,895 |
| | 12,480 |
| | 254 |
| | 25,629 |
| | 6,862,450 |
| | 6,888,079 |
| Commercial real estate — investor | 712 |
| | 496 |
| | — |
| | 1,208 |
| | 3,032,592 |
| | 3,033,800 |
| Real estate construction | 951 |
| | 33 |
| | — |
| | 984 |
| | 1,002,573 |
| | 1,003,557 |
| Commercial real estate lending | 1,663 |
| | 529 |
| | — |
| | 2,192 |
| | 4,035,165 |
| | 4,037,357 |
| Total commercial | 14,558 |
| | 13,009 |
| | 254 |
| | 27,821 |
| | 10,897,615 |
| | 10,925,436 |
| Home equity | 6,988 |
| | 1,795 |
| | 52 |
| | 8,835 |
| | 1,026,641 |
| | 1,035,476 |
| Installment and credit cards | 1,186 |
| | 746 |
| | 1,317 |
| | 3,249 |
| | 450,357 |
| | 453,606 |
| Residential mortgage | 3,889 |
| | 957 |
| | — |
| | 4,846 |
| | 4,997,069 |
| | 5,001,915 |
| Total consumer | 12,063 |
| | 3,498 |
| | 1,369 |
| | 16,930 |
| | 6,474,067 |
| | 6,490,997 |
| Total accruing loans | $ | 26,621 |
| | $ | 16,507 |
| | $ | 1,623 |
| | $ | 44,751 |
| | $ | 17,371,682 |
| | $ | 17,416,433 |
| Nonaccrual loans | | | | | | | | | | | | Commercial and industrial | $ | 872 |
| | $ | 627 |
| | $ | 10,154 |
| | $ | 11,653 |
| | $ | 38,010 |
| | $ | 49,663 |
| Commercial real estate — owner occupied | 3,197 |
| | 41 |
| | 8,596 |
| | 11,834 |
| | 13,991 |
| | 25,825 |
| Lease financing | — |
| | — |
| | 513 |
| | 513 |
| | 1,288 |
| | 1,801 |
| Commercial and business lending | 4,069 |
| | 668 |
| | 19,263 |
| | 24,000 |
| | 53,289 |
| | 77,289 |
| Commercial real estate — investor | 1,857 |
| | 459 |
| | 12,765 |
| | 15,081 |
| | 7,604 |
| | 22,685 |
| Real estate construction | 87 |
| | 73 |
| | 798 |
| | 958 |
| | 4,441 |
| | 5,399 |
| Commercial real estate lending | 1,944 |
| | 532 |
| | 13,563 |
| | 16,039 |
| | 12,045 |
| | 28,084 |
| Total commercial | 6,013 |
| | 1,200 |
| | 32,826 |
| | 40,039 |
| | 65,334 |
| | 105,373 |
| Home equity | 1,471 |
| | 1,766 |
| | 6,840 |
| | 10,077 |
| | 6,374 |
| | 16,451 |
| Installment and credit cards | 96 |
| | 39 |
| | 141 |
| | 276 |
| | 337 |
| | 613 |
| Residential mortgage | 5,172 |
| | 3,193 |
| | 23,492 |
| | 31,857 |
| | 23,119 |
| | 54,976 |
| Total consumer | 6,739 |
| | 4,998 |
| | 30,473 |
| | 42,210 |
| | 29,830 |
| | 72,040 |
| Total nonaccrual loans** | $ | 12,752 |
| | $ | 6,198 |
| | $ | 63,299 |
| | $ | 82,249 |
| | $ | 95,164 |
| | $ | 177,413 |
| Total loans | | | | | | | | | | | | Commercial and industrial | $ | 5,338 |
| | $ | 10,908 |
| | $ | 10,408 |
| | $ | 26,654 |
| | $ | 5,879,248 |
| | $ | 5,905,902 |
| Commercial real estate — owner occupied | 11,626 |
| | 2,240 |
| | 8,596 |
| | 22,462 |
| | 985,475 |
| | 1,007,937 |
| Lease financing | — |
| | — |
| | 513 |
| | 513 |
| | 51,016 |
| | 51,529 |
| Commercial and business lending | 16,964 |
| | 13,148 |
| | 19,517 |
| | 49,629 |
| | 6,915,739 |
| | 6,965,368 |
| Commercial real estate — investor | 2,569 |
| | 955 |
| | 12,765 |
| | 16,289 |
| | 3,040,196 |
| | 3,056,485 |
| Real estate construction | 1,038 |
| | 106 |
| | 798 |
| | 1,942 |
| | 1,007,014 |
| | 1,008,956 |
| Commercial real estate lending | 3,607 |
| | 1,061 |
| | 13,563 |
| | 18,231 |
| | 4,047,210 |
| | 4,065,441 |
| Total commercial | 20,571 |
| | 14,209 |
| | 33,080 |
| | 67,860 |
| | 10,962,949 |
| | 11,030,809 |
| Home equity | 8,459 |
| | 3,561 |
| | 6,892 |
| | 18,912 |
| | 1,033,015 |
| | 1,051,927 |
| Installment and credit cards | 1,282 |
| | 785 |
| | 1,458 |
| | 3,525 |
| | 450,694 |
| | 454,219 |
| Residential mortgage | 9,061 |
| | 4,150 |
| | 23,492 |
| | 36,703 |
| | 5,020,188 |
| | 5,056,891 |
| Total consumer | 18,802 |
| | 8,496 |
| | 31,842 |
| | 59,140 |
| | 6,503,897 |
| | 6,563,037 |
| Total loans | $ | 39,373 |
| | $ | 22,705 |
| | $ | 64,922 |
| | $ | 127,000 |
| | $ | 17,466,846 |
| | $ | 17,593,846 |
|
* The recorded investment in loans past due 90 days or more and still accruing totaled $2 million at December 31, 2014 (the same as the reported balances for the accruing loans noted above). ** The percent of nonaccrual loans which are current was 54% at December 31, 2014. The following table presents impaired loans at December 31, 2015. | | | | | | | | | | | | | | | | | | | | | | Recorded Investment | | Unpaid Principal Balance | | Related Allowance | | Average Recorded Investment | | Interest Income Recognized* | | ($ in Thousands) | Loans with a related allowance | | | | | | | | | | Commercial and industrial | $ | 57,785 |
| | $ | 59,409 |
| | $ | 8,162 |
| | $ | 46,833 |
| | $ | 855 |
| Commercial real estate — owner occupied | 9,705 |
| | 9,804 |
| | 448 |
| | 10,087 |
| | 412 |
| Lease financing | — |
| | — |
| | — |
| | — |
| | — |
| Commercial and business lending | 67,490 |
| | 69,213 |
| | 8,610 |
| | 56,920 |
| | 1,267 |
| Commercial real estate — investor | 27,822 |
| | 29,444 |
| | 1,831 |
| | 28,278 |
| | 1,914 |
| Real estate construction | 1,450 |
| | 2,154 |
| | 453 |
| | 1,667 |
| | 66 |
| Commercial real estate lending | 29,272 |
| | 31,598 |
| | 2,284 |
| | 29,945 |
| | 1,980 |
| Total commercial | 96,762 |
| | 100,811 |
| | 10,894 |
| | 86,865 |
| | 3,247 |
| Home equity | 21,769 |
| | 23,989 |
| | 10,118 |
| | 22,624 |
| | 1,147 |
| Installment and credit cards | 1,154 |
| | 1,225 |
| | 195 |
| | 1,199 |
| | 30 |
| Residential mortgage | 66,590 |
| | 71,084 |
| | 12,462 |
| | 68,183 |
| | 2,374 |
| Total consumer | 89,513 |
| | 96,298 |
| | 22,775 |
| | 92,006 |
| | 3,551 |
| Total loans | $ | 186,275 |
| | $ | 197,109 |
| | $ | 33,669 |
| | $ | 178,871 |
| | $ | 6,798 |
| Loans with no related allowance | | | | | | | | | | Commercial and industrial | $ | 63,449 |
| | $ | 70,625 |
| | $ | — |
| | $ | 77,666 |
| | $ | 1,657 |
| Commercial real estate — owner occupied | 6,221 |
| | 6,648 |
| | — |
| | 6,534 |
| | 15 |
| Lease financing | 1,634 |
| | 1,634 |
| | — |
| | 1,907 |
| | — |
| Commercial and business lending | 71,304 |
| | 78,907 |
| | — |
| | 86,107 |
| | 1,672 |
| Commercial real estate — investor | 2,736 |
| | 2,840 |
| | — |
| | 2,763 |
| | 90 |
| Real estate construction | — |
| | — |
| | — |
| | — |
| | — |
| Commercial real estate lending | 2,736 |
| | 2,840 |
| | — |
| | 2,763 |
| | 90 |
| Total commercial | 74,040 |
| | 81,747 |
| | — |
| | 88,870 |
| | 1,762 |
| Home equity | 544 |
| | 544 |
| | — |
| | 544 |
| | 30 |
| Installment and credit cards | — |
| | — |
| | — |
| | — |
| | — |
| Residential mortgage | 4,762 |
| | 5,033 |
| | — |
| | 4,726 |
| | 126 |
| Total consumer | 5,306 |
| | 5,577 |
| | — |
| | 5,270 |
| | 156 |
| Total loans | $ | 79,346 |
| | $ | 87,324 |
| | $ | — |
| | $ | 94,140 |
| | $ | 1,918 |
| Total | | | | | | | | | | Commercial and industrial | $ | 121,234 |
| | $ | 130,034 |
| | $ | 8,162 |
| | $ | 124,499 |
| | $ | 2,512 |
| Commercial real estate — owner occupied | 15,926 |
| | 16,452 |
| | 448 |
| | 16,621 |
| | 427 |
| Lease financing | 1,634 |
| | 1,634 |
| | — |
| | 1,907 |
| | — |
| Commercial and business lending | 138,794 |
| | 148,120 |
| | 8,610 |
| | 143,027 |
| | 2,939 |
| Commercial real estate — investor | 30,558 |
| | 32,284 |
| | 1,831 |
| | 31,041 |
| | 2,004 |
| Real estate construction | 1,450 |
| | 2,154 |
| | 453 |
| | 1,667 |
| | 66 |
| Commercial real estate lending | 32,008 |
| | 34,438 |
| | 2,284 |
| | 32,708 |
| | 2,070 |
| Total commercial | 170,802 |
| | 182,558 |
| | 10,894 |
| | 175,735 |
| | 5,009 |
| Home equity | 22,313 |
| | 24,533 |
| | 10,118 |
| | 23,168 |
| | 1,177 |
| Installment and credit cards | 1,154 |
| | 1,225 |
| | 195 |
| | 1,199 |
| | 30 |
| Residential mortgage | 71,352 |
| | 76,117 |
| | 12,462 |
| | 72,909 |
| | 2,500 |
| Total consumer | 94,819 |
| | 101,875 |
| | 22,775 |
| | 97,276 |
| | 3,707 |
| Total loans** | $ | 265,621 |
| | $ | 284,433 |
| | $ | 33,669 |
| | $ | 273,011 |
| | $ | 8,716 |
|
* Interest income recognized included $4 million of interest income recognized on accruing restructured loans for the year ended December 31, 2015. ** The net recorded investment (defined as recorded investment, net of the related allowance) of the impaired loans represented 82% of the unpaid principal balance at December 31, 2015. The following table presents impaired loans at December 31, 2014. | | | | | | | | | | | | | | | | | | | | | | Recorded Investment | | Unpaid Principal Balance | | Related Allowance | | Average Recorded Investment | | Interest Income Recognized* | | ($ in Thousands) | Loans with a related allowance | | | | | | | | | | Commercial and industrial | $ | 76,433 |
| | $ | 80,414 |
| | $ | 16,467 |
| | $ | 80,004 |
| | $ | 3,139 |
| Commercial real estate — owner occupied | 19,839 |
| | 21,807 |
| | 3,221 |
| | 20,878 |
| | 681 |
| Lease financing | 1,801 |
| | 1,801 |
| | 574 |
| | 2,009 |
| | — |
| Commercial and business lending | 98,073 |
| | 104,022 |
| | 20,262 |
| | 102,891 |
| | 3,820 |
| Commercial real estate — investor | 36,841 |
| | 40,869 |
| | 3,587 |
| | 38,657 |
| | 1,250 |
| Real estate construction | 3,043 |
| | 5,910 |
| | 1,095 |
| | 3,818 |
| | 105 |
| Commercial real estate lending | 39,884 |
| | 46,779 |
| | 4,682 |
| | 42,475 |
| | 1,355 |
| Total commercial | 137,957 |
| | 150,801 |
| | 24,944 |
| | 145,366 |
| | 5,175 |
| Home equity | 23,874 |
| | 26,585 |
| | 11,382 |
| | 25,087 |
| | 1,257 |
| Installment and credit cards | 1,587 |
| | 1,795 |
| | 308 |
| | 1,736 |
| | 58 |
| Residential mortgage | 68,748 |
| | 74,005 |
| | 13,797 |
| | 70,030 |
| | 2,307 |
| Total consumer | 94,209 |
| | 102,385 |
| | 25,487 |
| | 96,853 |
| | 3,622 |
| Total loans | $ | 232,166 |
| | $ | 253,186 |
| | $ | 50,431 |
| | $ | 242,219 |
| | $ | 8,797 |
| Loans with no related allowance | | | | | | | | | | Commercial and industrial | $ | 7,122 |
| | $ | 12,634 |
| | $ | — |
| | $ | 8,851 |
| | $ | 82 |
| Commercial real estate — owner occupied | 16,440 |
| | 19,019 |
| | — |
| | 17,970 |
| | 219 |
| Commercial and business lending | 23,562 |
| | 31,653 |
| | — |
| | 26,821 |
| | 301 |
| Commercial real estate — investor | 8,971 |
| | 14,036 |
| | — |
| | 10,014 |
| | 133 |
| Real estate construction | 3,083 |
| | 3,815 |
| | — |
| | 3,241 |
| | — |
| Commercial real estate lending | 12,054 |
| | 17,851 |
| | — |
| | 13,255 |
| | 133 |
| Total commercial | 35,616 |
| | 49,504 |
| | — |
| | 40,076 |
| | 434 |
| Home equity | 786 |
| | 806 |
| | — |
| | 851 |
| | 18 |
| Installment and credit cards | — |
| | — |
| | — |
| | — |
| | — |
| Residential mortgage | 7,061 |
| | 7,315 |
| | — |
| | 7,224 |
| | 135 |
| Total consumer | 7,847 |
| | 8,121 |
| | — |
| | 8,075 |
| | 153 |
| Total loans | $ | 43,463 |
| | $ | 57,625 |
| | $ | — |
| | $ | 48,151 |
| | $ | 587 |
| Total | | | | | | | | | | Commercial and industrial | $ | 83,555 |
| | $ | 93,048 |
| | $ | 16,467 |
| | $ | 88,855 |
| | $ | 3,221 |
| Commercial real estate — owner occupied | 36,279 |
| | 40,826 |
| | 3,221 |
| | 38,848 |
| | 900 |
| Lease financing | 1,801 |
| | 1,801 |
| | 574 |
| | 2,009 |
| | — |
| Commercial and business lending | 121,635 |
| | 135,675 |
| | 20,262 |
| | 129,712 |
| | 4,121 |
| Commercial real estate — investor | 45,812 |
| | 54,905 |
| | 3,587 |
| | 48,671 |
| | 1,383 |
| Real estate construction | 6,126 |
| | 9,725 |
| | 1,095 |
| | 7,059 |
| | 105 |
| Commercial real estate lending | 51,938 |
| | 64,630 |
| | 4,682 |
| | 55,730 |
| | 1,488 |
| Total commercial | 173,573 |
| | 200,305 |
| | 24,944 |
| | 185,442 |
| | 5,609 |
| Home equity | 24,660 |
| | 27,391 |
| | 11,382 |
| | 25,938 |
| | 1,275 |
| Installment and credit cards | 1,587 |
| | 1,795 |
| | 308 |
| | 1,736 |
| | 58 |
| Residential mortgage | 75,809 |
| | 81,320 |
| | 13,797 |
| | 77,254 |
| | 2,442 |
| Total consumer | 102,056 |
| | 110,506 |
| | 25,487 |
| | 104,928 |
| | 3,775 |
| Total loans** | $ | 275,629 |
| | $ | 310,811 |
| | $ | 50,431 |
| | $ | 290,370 |
| | $ | 9,384 |
|
* Interest income recognized included $5 million of interest income recognized on accruing restructured loans for the year ended December 31, 2014. ** The net recorded investment (defined as recorded investment, net of the related allowance) of the impaired loans represented 72% of of the unpaid principal balance at December 31, 2014.
Troubled Debt Restructurings (“Restructured Loans”): Loans are considered restructured loans if concessions have been granted to borrowers that are experiencing financial difficulty. See Note 1 for the Corporation’s accounting policy for troubled debt restructurings. As of December 31, 2015, there was approximately $7 million of commitments to lend additional funds to borrowers with restructured loans. The following table presents nonaccrual and performing restructured loans by loan portfolio. | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2015 | | December 31, 2014 | | December 31, 2013 | | Performing Restructured Loans | | Nonaccrual Restructured Loans* | | Performing Restructured Loans | | Nonaccrual Restructured Loans* | | Performing Restructured Loans | | Nonaccrual Restructured Loans* | | ($ in Thousands) | Commercial and industrial | $ | 29,293 |
| | $ | 1,714 |
| | $ | 33,892 |
| | $ | 3,260 |
| | $ | 32,517 |
| | $ | 6,900 |
| Commercial real estate — owner occupied | 7,877 |
| | 2,703 |
| | 10,454 |
| | 5,656 |
| | 13,009 |
| | 10,999 |
| Commercial real estate — investor | 21,915 |
| | 3,936 |
| | 23,127 |
| | 15,216 |
| | 44,946 |
| | 18,069 |
| Real estate construction | 510 |
| | 177 |
| | 727 |
| | 2,438 |
| | 3,793 |
| | 2,065 |
| Home equity | 7,069 |
| | 4,522 |
| | 8,209 |
| | 4,838 |
| | 8,197 |
| | 4,441 |
| Installment and credit cards | 829 |
| | 40 |
| | 974 |
| | 199 |
| | 246 |
| | 451 |
| Residential mortgage | 19,870 |
| | 24,592 |
| | 20,833 |
| | 26,049 |
| | 21,277 |
| | 16,660 |
| | $ | 87,363 |
| | $ | 37,684 |
| | $ | 98,216 |
| | $ | 57,656 |
| | $ | 123,985 |
| | $ | 59,585 |
|
* Nonaccrual restructured loans have been included within nonaccrual loans. The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio during the years ended December 31, 2015, 2014 and 2013, respectively, and the recorded investment and unpaid principal balance as of December 31, 2015, 2014 and 2013, respectively. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2015 | | Year Ended December 31, 2014 | | Year Ended December 31, 2013 | | Number of Loans | | Recorded Investment(1) | | Unpaid Principal Balance(2) | | Number of Loans | | Recorded Investment(1) | | Unpaid Principal Balance(2) | | Number of Loans | | Recorded Investment(1) | | Unpaid Principal Balance(2) | | ($ in Thousands) | Commercial and industrial | 12 |
| | $ | 2,219 |
| | $ | 2,900 |
| | 15 |
| | $ | 7,681 |
| | $ | 7,711 |
| | 48 |
| | $ | 11,833 |
| | $ | 14,543 |
| Commercial real estate — owner occupied | 5 |
| | 3,694 |
| | 3,901 |
| | 4 |
| | 1,465 |
| | 1,625 |
| | 12 |
| | 8,823 |
| | 9,035 |
| Commercial real estate — investor | 5 |
| | 21,573 |
| | 21,640 |
| | 6 |
| | 6,097 |
| | 6,521 |
| | 25 |
| | 26,480 |
| | 28,516 |
| Real estate construction | 4 |
| | 78 |
| | 79 |
| | 2 |
| | 15 |
| | 15 |
| | 9 |
| | 1,822 |
| | 1,961 |
| Home equity | 88 |
| | 3,103 |
| | 3,249 |
| | 117 |
| | 3,913 |
| | 4,308 |
| | 82 |
| | 3,991 |
| | 4,242 |
| Installment and credit cards | — |
| | — |
| | — |
| | 2 |
| | 24 |
| | 26 |
| | 3 |
| | 193 |
| | 200 |
| Residential mortgage | 97 |
| | 10,464 |
| | 10,996 |
| | 163 |
| | 19,675 |
| | 20,454 |
| | 99 |
| | 10,910 |
| | 12,822 |
| | 211 |
| | $ | 41,131 |
| | $ | 42,765 |
| | 309 |
| | $ | 38,870 |
| | $ | 40,660 |
| | 278 |
| | $ | 64,052 |
| | $ | 71,319 |
|
| | (1) | Represents post-modification outstanding recorded investment. |
| | (2) | Represents pre-modification outstanding recorded investment. |
Restructured loan modifications may include payment schedule modifications, interest rate concessions, maturity date extensions, modification of note structure (A/B Note), non-reaffirmed Chapter 7 bankruptcies, principal reduction, or some combination of these concessions. For the year ended December 31, 2015, restructured loan modifications of commercial and industrial, commercial real estate, and real estate construction loans primarily included maturity date extensions and payment schedule modifications. Restructured loan modifications of home equity and residential mortgage loans primarily included maturity date extensions, interest rate concessions, payment schedule modifications, non-reaffirmed Chapter 7 bankruptcies, or a combination of these concessions for the year ended December 31, 2015.
The following table provides the number of loans modified in a troubled debt restructuring during the previous 12 months which subsequently defaulted during the years ended December 31, 2015, 2014, and 2013, respectively, as well as the recorded investment in these restructured loans as of December 31, 2015, 2014, and 2013, respectively. | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2015 | | Year Ended December 31, 2014 | | Year Ended December 31, 2013 | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | ($ in Thousands) | Commercial and industrial | 2 |
| | $ | 197 |
| | 1 |
| | $ | 52 |
| | 15 |
| | $ | 1,493 |
| Commercial real estate — owner occupied | — |
| | — |
| | 3 |
| | 785 |
| | 4 |
| | 542 |
| Commercial real estate — investor | — |
| | — |
| | 13 |
| | 6,200 |
| | 4 |
| | 1,784 |
| Real estate construction | — |
| | — |
| | 1 |
| | 160 |
| | 4 |
| | 80 |
| Home equity | 28 |
| | 1,220 |
| | 54 |
| | 1,802 |
| | 11 |
| | 829 |
| Installment and credit cards | — |
| | — |
| | 3 |
| | 34 |
| | — |
| | — |
| Residential mortgage | 61 |
| | 6,815 |
| | 80 |
| | 10,032 |
| | 26 |
| | 4,528 |
| | 91 |
| | $ | 8,232 |
| | 155 |
| | $ | 19,065 |
| | 64 |
| | $ | 9,256 |
|
All loans modified in a troubled debt restructuring are evaluated for impairment. The nature and extent of the impairment of restructured loans, including those which have experienced a subsequent payment default, is considered in the determination of an appropriate level of the allowance for loan losses.
|