Loans (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of the components of loan portfolio

Significant components of the loan portfolio are as follows (in thousands):

	June 30, 2011								December 31, 2010
	Fixed		Variable						Fixed		Variable
	Rate		Rate		Nonaccrual		Total		Rate		Rate		Nonaccrual		Total

Commercial	$	2,830,388	$	3,294,843	$	53,365	$	6,178,596	$	2,883,905	$	3,011,636	$	38,455	$	5,933,996
Commercial real estate		872,696		1,200,656		110,363		2,183,715		829,836		1,297,148		150,366		2,277,350
Residential mortgage		920,063		916,241		31,693		1,867,997		851,048		939,774		37,426		1,828,248
Consumer		292,385		210,102		4,749		507,236		369,364		229,511		4,567		603,442
Total	$	4,915,532	$	5,621,842	$	200,170	$	10,737,544	$	4,934,153	$	5,478,069	$	230,814	$	10,643,036
Accruing loans past due (90 days)1							$	2,341							$	7,966

1	Excludes residential mortgage loans guaranteed by agencies of the U.S. government

Schedule of Allowance For Loan Losses And Recorded Investment by Impairment Methodology

The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at June 30, 2011 is as follows (in thousands):

	Collectively Measured for Impairment				Individually Measured for Impairment				Total
	Recorded Investment		Related Allowance		Recorded Investment		Related Allowance		Recorded Investment		Related Allowance

Commercial	$	6,125,434	$	111,131	$	53,162	$	2,440	$	6,178,596	$	113,571
Commercial real estate		2,073,352		88,611		110,363		3,139		2,183,715		91,750
Residential mortgage		1,857,112		44,254		10,885		989		1,867,997		45,243
Consumer		505,315		8,807		1,921		115		507,236		8,922
Total		10,561,213		252,803		176,331		6,683		10,737,544	$	259,486

Nonspecific allowance		–		–		–		–		–		27,125

Total	$	10,561,213	$	252,803	$	176,331	$	6,683	$	10,737,544	$	286,611

The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2010 is as follows (in thousands):

	Collectively Measured for Impairment				Individually Measured for Impairment				Total
	Recorded Investment		Related Allowance		Recorded Investment		Related Allowance		Recorded Investment		Related Allowance

Commercial	$	5,895,674	$	102,565	$	38,322	$	2,066	$	5,933,996	$	104,631
Commercial real estate		2,126,984		94,502		150,366		4,207		2,277,350		98,709
Residential mortgage		1,816,184		49,500		12,064		781		1,828,248		50,281
Consumer		601,691		12,536		1,751		78		603,442		12,614
Total		10,440,533		259,103		202,503		7,132		10,643,036		266,235

Nonspecific allowance		–		–		–		–		–		26,736

Total	$	10,440,533	$	259,103	$	202,503	$	7,132	$	10,643,036	$	292,971

The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended June 30, 2011 is summarized as follows (in thousands):

	Commercial			Commercial Real Estate			Residential Mortgage			Consumer			Nonspecific allowance		Total

Allowance for loans losses:
Beginning balance	$	113,706		$	94,535		$	45,649		$	10,410		$	25,249	$	289,549
Provision for loan losses		980			289			2,721			(286	)		1,876		5,580
Loans charged off		(3,302	)		(3,380	)		(3.381	)		(2,711	)		–		(12,774	)
Recoveries		2,187			306			254			1,509			–		4,256
Ending balance	$	113,571		$	91,750		$	45,243		$	8,922		$	27,125	$	286,611
Allowance for off-balance sheet credit losses:
Beginning balance	$	12,256		$	875		$	155		$	339		$	–	$	13,625
Provision for off-balance sheet credit losses		(3,020	)		145			25			(30	)		–		(2,880	)
Ending balance	$	9,236		$	1,020		$	180		$	309		$	–	$	10,745

Total provision for credit losses	$	(2,040	)	$	434		$	2,746		$	(316	)	$	1,876	$	2,700

The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the six months ended June 30, 2011 is summarized as follows (in thousands):

	Commercial			Commercial Real Estate			Residential Mortgage			Consumer			Nonspecific allowance		Total

Allowance for loans losses:
Beginning balance	$	104,631		$	98,709		$	50,281		$	12,614		$	26,736	$	292,971
Provision for loan losses		10,836			2,665			(45	)		(1,369	)		389		12,476
Loans charged off		(5,654	)		(10,273	)		(6,329	)		(5,750	)		–		(28,006	)
Recoveries		3,758			649			1,336			3,427			–		9,170
Ending balance	$	113,571		$	91,750		$	45,243		$	8,922		$	27,125	$	286,611
Allowance for off-balance sheet credit losses:
Beginning balance	$	13,456		$	443		$	131		$	241		$	–	$	14,271
Provision for off-balance sheet credit losses		(4,220	)		577			49			68			–		(3,526	)
Ending balance	$	9,236		$	1,020		$	180		$	309		$	–	$	10,745

Total provision for credit losses	$	6,616		$	3,242		$	4		$	(1,301	)	$	389	$	8,950

Schedule Of Allowance For Loan Losses and Recorded Investment By Portfolio Segment For Risk Graded and Non-risk Graded Loans

The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at June 30, 2011 is as follows (in thousands):

	Internally Risk Graded				Non-Graded				Total
	Recorded Investment		Related Allowance		Recorded Investment		Related Allowance		Recorded Investment		Related Allowance

Commercial	$	6,159,735	$	111,392	$	18,861	$	2,179	$	6,178,596	$	113,571
Commercial real estate		2,183,715		91,750		–		–		2,183,715		91,750
Residential mortgage		350,986		7,911		1,517,011		37,332		1,867,997		45,243
Consumer		220,222		1,877		287,014		7,045		507,236		8,922
Total		8,914,658		212,930		1,822,886		46,556		10,737,544		259,486

Nonspecific allowance		–		–		–		–		–		27,125

Total	$	8,914,658	$	212,930	$	1,822,886	$	46,556	$	10,737,544	$	286,611

The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at December 31, 2010 is as follows (in thousands):

	Internally Risk Graded				Non-Graded				Total
	Recorded Investment		Related Allowance		Recorded Investment		Related Allowance		Recorded Investment		Related Allowance

Commercial	$	5,914,178	$	102,259	$	19,818	$	2,372	$	5,933,996	$	104,631
Commercial real estate		2,277,350		98,709		–		–		2,277,350		98,709
Residential mortgage		451,874		8,356		1,376,374		41,925		1,828,248		50,281
Consumer		246,350		1,881		357,092		10,733		603,442		12,614
Total		8,889,752		211,205		1,753,284		55,030		10,643,036		266,235

Nonspecific allowance		–		–		–		–		–		26,736

Total	$	8,889,752	$	211,205	$	1,753,284	$	55,030	$	10,643,036	$	292,971

The following table summarizes the Company's loan portfolio at June 30, 2011 by the risk grade categories (in thousands):

	Internally Risk Graded						Non-Graded
	Performing		Potential Problem		Nonaccrual		Performing		Nonaccrual		Total

Commercial:
Energy	$	1,677,809	$	4,688	$	345	$	–	$	–	$	1,682,842
Services		1,663,313		33,490		16,254		–		–		1,713,057
Wholesale/retail		1,002,113		40,935		25,138		–		–		1,068,186
Manufacturing		359,958		2,827		4,366		–		–		367,151
Healthcare		860,354		2,992		5,962		–		–		869,308
Integrated food services		194,514		1,260		–		–		–		195,774
Other commercial and industrial		258,910		3,410		1,097		18,658		203		282,278
Total commercial		6,016,971		89,602		53,162		18,658		203		6,178,596

Commercial real estate:
Construction and land development		275,077		15,750		76,265		–		–		367,092
Retail		426,839		7,013		4,642		–		–		438,494
Office		456,281		14,751		11,473		–		–		482,505
Multifamily		325,085		5,860		4,717		–		–		335,662
Industrial		161,879		288		–		–		–		162,167
Other commercial real estate		363,491		21,038		13,266		–		–		397,795
Total commercial real estate		2,008,652		64,700		110,363		–		–		2,183,715

Residential mortgage:
Permanent mortgage		326,349		13,752		10,885		783,084		17,106		1,151,176
Permanent mortgages guaranteed by U.S. government agencies		–		–		–		134,458		–		134,458
Home equity		–		–		–		578,661		3,702		582,363
Total residential mortgage		326,349		13,752		10,885		1,496,203		20,808		1,867,997

Consumer:
Indirect automobile		–		–		–		159,771		2,729		162,500
Other consumer		215,056		3,245		1,921		124,415		99		344,736
Total consumer		215,056		3,245		1,921		284,186		2,828		507,236

Total	$	8,567,028	$	171,299	$	176,331	$	1,799,047	$	23,839	$	10,737,544

The following table summarizes the Company's loan portfolio at December 31, 2010 by the risk grade categories (in thousands):

	Internally Risk Graded						Non-Graded
	Performing		Potential Problem		Nonaccrual		Performing		Nonaccrual		Total

Commercial:
Energy	$	1,704,401	$	6,543	$	465	$	–	$	–	$	1,711,409
Services		1,531,239		30,420		19,262		–		–		1,580,921
Wholesale/retail		956,397		45,363		8,486		–		–		1,010,246
Manufacturing		319,075		4,000		2,116		–		–		325,191
Healthcare		801,525		4,566		3,534		–		–		809,625
Integrated food services		202,885		1,385		13		–		–		204,283
Other commercial and industrial		267,949		108		4,446		19,685		133		292,321
Total commercial		5,783,471		92,385		38,322		19,685		133		5,933,996

Commercial real estate:
Construction and land development		326,769		21,516		99,579		–		–		447,864
Retail		395,094		5,468		4,978		–		–		405,540
Office		420,899		16,897		19,654		–		–		457,450
Multifamily		355,733		6,784		6,725		–		–		369,242
Industrial		177,712		294		4,087		–		–		182,093
Other commercial real estate		390,969		8,849		15,343		–		–		415,161
Total commercial real estate		2,067,176		59,808		150,366		–		–		2,277,350

Residential mortgage:
Permanent mortgage		420,407		19,403		12,064		730,638		20,047		1,202,559
Permanent mortgages guaranteed by U.S. government agencies		–		–		–		72,385		–		72,385
Home equity		–		–		–		547,989		5,315		553,304
Total residential mortgage		420,407		19,403		12,064		1,351,012		25,362		1,828,248

Consumer:
Indirect automobile		–		–		–		237,050		2,526		239,576
Other consumer		240,243		4,356		1,751		117,226		290		363,866
Total consumer		240,243		4,356		1,751		354,276		2,816		603,442

Total	$	8,511,297	$	175,952	$	202,503	$	1,724,973	$	28,311	$	10,643,036

Summary of Risk-Graded Impaired Loans

A summary of risk-graded impaired loans follows (in thousands):

	As of June 30, 2011										For the three months				For the six months
			Recorded Investment								ended June 30, 2011				ended June 30, 2011
	Unpaid Principal Balance		Total		With No Allowance		With Allowance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized

Commercial:
Energy	$	345	$	345	$	345	$	–	$	–	$	380	$	–	$	405	$	–
Services		26,441		16,254		15,525		729		273		15,987		–		17,758		–
Wholesale/retail		31,770		25,138		22,751		2,387		1,742		27,775		–		16,812		–
Manufacturing		9,259		4,366		2,012		2,354		259		4,456		–		3,241		–
Healthcare		7,659		5,962		5,103		859		166		4,268		–		4,748		–
Integrated food services		–		–		–		–		–		3		–		7		–
Other commercial and industrial		8,596		1,097		1,097		–		–		2,363		–		2,772		–
Total commercial		84,070		53,162		46,833		6,329		2,440		55,232		–		45,743		–

Commercial real estate:
Construction and land development		115,337		76,265		65,094		11,171		1,966		83,486		–		87,922		–
Retail		5,652		4,642		1,855		2,787		612		4,959		–		4,810		–
Office		14,749		11,473		9,713		1,760		207		13,051		–		15,564		–
Multifamily		5,381		4,717		4,717		–		–		3,309		–		5,721		–
Industrial		–		–		–		–		–		–		–		2,044		–
Other real estate loans		15,203		13,266		11,755		1,511		354		13,130		–		14,305		–
Total commercial real estate		156,322		110,363		93,134		17,229		3,139		117,935		–		130,366		–

Residential mortgage:
Permanent mortgage		12,122		10,885		5,016		5,869		989		11,479		–		11,475		–
Home equity		–		–		–		–		–		–		–		–		–
Total residential mortgage		12,122		10,885		5,016		5,869		989		11,479		–		11,475		–

Consumer:
Indirect automobile		–		–		–		–		–		–		–		–		–
Other consumer		2,449		1,921		1,348		573		115		2,244		–		1,836		–
Total consumer		2,449		1,921		1,348		573		115		2,244		–		1,836		–

Total	$	254,963	$	176,331	$	146,331	$	30,000	$	6,683	$	186,890	$	–	$	189,420	$	–

A summary of risk-graded impaired loans at December 31, 2010 follows (in thousands):

			Recorded Investment
	Unpaid Principal Balance		Total		With No Allowance		With Allowance		Related Allowance

Commercial:
Energy	$	559	$	465	$	404	$	61	$	60
Services		28,579		19,262		15,985		3,277		1,227
Wholesale/retail		14,717		8,486		7,562		924		684
Manufacturing		5,811		2,116		2,116		–		–
Healthcare		4,701		3,534		2,743		791		95
Integrated food services		172		13		13		–		–
Other commercial and industrial		13,007		4,446		4,446		–		–
Total commercial		67,546		38,322		33,269		5,053		2,066

Commercial real estate:
Construction and land development		138,922		99,579		84,959		14,620		2,428
Retail		6,111		4,978		1,968		3,010		514
Office		25,702		19,654		18,798		856		106
Multifamily		24,368		6,725		6,129		596		115
Industrial		4,087		4,087		–		4,087		723
Other real estate loans		17,129		15,343		13,802		1,541		321
Total commercial real estate		216,319		150,366		125,656		24,710		4,207

Residential mortgage:
Permanent mortgage		15,258		12,064		8,574		3,490		781
Home equity		–		–		–		–		–
Total residential mortgage		15,258		12,064		8,574		3,490		781

Consumer:
Indirect automobile		–		–		–		–		–
Other consumer		1,909		1,751		1,506		245		78
Total consumer		1,909		1,751		1,506		245		78

Total	$	301,032	$	202,503	$	169,005	$	33,498	$	7,132

Summary of loans by aging status

A summary of loans currently performing, loans 30 to 89 days past due and accruing, loans 90 days or more past due and accruing and nonaccrual loans as of June 30, 2011 is as follows (in thousands):

			Past Due
	Current		30 to 89 Days		90 Days or More		Nonaccrual		Total

Commercial:
Energy	$	1,682,344	$	153	$	–	$	345	$	1,682,842
Services		1,691,451		3,759		1,593		16,254		1,713,057
Wholesale/retail		1,041,864		697		487		25,138		1,068,186
Manufacturing		362,785		–		–		4,366		367,151
Healthcare		863,169		177		–		5,962		869,308
Integrated food services		195,774		–		–		–		195,774
Other commercial and industrial		280,729		192		57		1,300		282,278
Total commercial		6,118,116		4,978		2,137		53,365		6,178,596

Commercial real estate:
Construction and land development		288,494		2,333		–		76,265		367,092
Retail		430,941		2,911		–		4,642		438,494
Office		468,712		2,320		–		11,473		482,505
Multifamily		330,945		–		–		4,717		335,662
Industrial		161,783		384		–		–		162,167
Other real estate loans		381,961		2,393		175		13,266		397,795
Total commercial real estate		2,062,836		10,341		175		110,363		2,183,715

Residential mortgage:
Permanent mortgage		1,104,450		18,735		–		27,991		1,151,176
Permanent mortgages guaranteed by U.S. government agencies		8,426		3,728		122,304		–		134,458
Home equity		576,203		2,450		8		3,702		582,363
Total residential mortgage		1,689,079		24,913		122,312		31,693		1,867,997

Consumer:
Indirect automobile		152,496		7,256		19		2,729		162,500
Other consumer		341,683		1,031		2		2,020		344,736
Total consumer		494,179		8,287		21		4,749		507,236

Total	$	10,364,210	$	48,519	$	124,645	$	200,170	$	10,737,544

A summary of loans currently performing, loans 30 to 89 days past due and accruing, loans 90 days or more past due and accruing and nonaccrual loans as of December 31, 2010 is as follows (in thousands):

			Past Due
	Current		30 to 89 Days		90 Days or More		Nonaccrual		Total

Commercial:
Energy	$	1,707,466	$	507	$	2,971	$	465	$	1,711,409
Services		1,558,120		3,196		343		19,262		1,580,921
Wholesale/retail		1,001,422		315		23		8,486		1,010,246
Manufacturing		321,102		168		1,805		2,116		325,191
Healthcare		805,124		75		892		3,534		809,625
Integrated food services		204,199		71		–		13		204,283
Other commercial and industrial		287,357		111		274		4,579		292,321
Total commercial		5,884,790		4,443		6,308		38,455		5,933,996

Commercial real estate:
Construction and land development		344,016		3,170		1,099		99,579		447,864
Retail		394,445		6,117		–		4,978		405,540
Office		437,496		300		–		19,654		457,450
Multifamily		362,517		–		–		6,725		369,242
Industrial		177,660		346		–		4,087		182,093
Other real estate loans		395,320		4,301		197		15,343		415,161
Total commercial real estate		2,111,454		14,234		1,296		150,366		2,277,350

Residential mortgage:
Permanent mortgage		1,148,271		22,177		–		32,111		1,202,559
Permanent mortgages guaranteed by U.S. government agencies		10,451		4,342		57,592		–		72,385
Home equity		546,384		1,605		–		5,315		553,304
Total residential mortgage		1,705,106		28,124		57,592		37,426		1,828,248

Consumer:
Indirect automobile		225,601		11,382		67		2,526		239,576
Other consumer		360,603		927		295		2,041		363,866
Total consumer		586,204		12,309		362		4,567		603,442

Total	$	10,287,554	$	59,110	$	65,558	$	230,814	$	10,643,036