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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS
 6 Months Ended
Jun. 30, 2015
Text Block [Abstract]  
ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS [1]
ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS

The following allowance and credit quality disclosures exclude covered loans. Refer to Note 4 for a discussion regarding covered loans.

Allowance for Loan Losses and Recorded Investment in Loans
(Amounts in thousands)
 
 
Three Months Ended June 30, 2015
 
Commercial
 
Commercial
Real
Estate
 
Construction
 
Residential
Real
Estate
 
Home
Equity
 
Personal
 
Total
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
108,873

 
$
31,606

 
$
4,026

 
$
5,223

 
$
4,588

 
$
2,294

 
$
156,610

Loans charged-off
(2,921
)
 
(98
)
 
—

 
(194
)
 
—

 
(28
)
 
(3,241
)
Recoveries on loans previously charged-off
984

 
272

 
164

 
47

 
73

 
86

 
1,626

Net (charge-offs) recoveries
(1,937
)
 
174

 
164

 
(147
)
 
73

 
58

 
(1,615
)
Provision (release) for loan losses
6,208

 
(3,570
)
 
(374
)
 
181

 
(46
)
 
(343
)
 
2,056

Balance at end of period
$
113,144

 
$
28,210

 
$
3,816

 
$
5,257

 
$
4,615

 
$
2,009

 
$
157,051

Ending balance for loans individually evaluated for impairment (1)
$
2,889

 
$
2,102

 
$
—

 
$
606

 
$
1,865

 
$
6

 
$
7,468

Ending balance for loans collectively evaluated for impairment
$
110,255

 
$
26,108

 
$
3,816

 
$
4,651

 
$
2,750

 
$
2,003

 
$
149,583

Recorded Investment in Loans:
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, loans individually evaluated for impairment (1)
$
62,777

 
$
13,441

 
$
—

 
$
4,116

 
$
12,902

 
$
24

 
$
93,260

Ending balance, loans collectively evaluated for impairment
8,383,448

 
2,981,091

 
371,096

 
411,710

 
124,559

 
178,117

 
12,450,021

Total recorded investment in loans
$
8,446,225

 
$
2,994,532

 
$
371,096

 
$
415,826

 
$
137,461

 
$
178,141

 
$
12,543,281

(1) 
Refer to Note 4 for additional information regarding impaired loans.

Allowance for Loan Losses and Recorded Investment in Loans (Continued)
(Amounts in thousands)

 
Three Months Ended June 30, 2014
 
Commercial
 
Commercial
Real
Estate
 
Construction
 
Residential
Real
Estate
 
Home
Equity
 
Personal
 
Total
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
90,080

 
$
37,575

 
$
3,547

 
$
6,978

 
$
5,500

 
$
3,088

 
$
146,768

Loans charged-off
(2,142
)
 
(2,082
)
 
—

 
(180
)
 
(268
)
 
(13
)
 
(4,685
)
Recoveries on loans previously charged-off
813

 
1,360

 
9

 
135

 
60

 
20

 
2,397

Net (charge-offs) recoveries
(1,329
)
 
(722
)
 
9

 
(45
)
 
(208
)
 
7

 
(2,288
)
Provision (release) for loan losses
7,575

 
(3,554
)
 
65

 
(1,653
)
 
(277
)
 
(145
)
 
2,011

Balance at end of period
$
96,326

 
$
33,299

 
$
3,621

 
$
5,280

 
$
5,015

 
$
2,950

 
$
146,491

Ending balance for loans individually evaluated for impairment (1)
$
11,113

 
$
4,879

 
$
—

 
$
630

 
$
1,715

 
$
150

 
$
18,487

Ending balance for loans collectively evaluated for impairment
$
85,213

 
$
28,420

 
$
3,621

 
$
4,650

 
$
3,300

 
$
2,800

 
$
128,004

Recorded Investment in Loans:
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, loans individually evaluated for impairment (1)
$
64,851

 
$
23,173

 
$
—

 
$
9,337

 
$
11,630

 
$
580

 
$
109,571

Ending balance, loans collectively evaluated for impairment
7,506,435

 
2,495,954

 
360,313

 
327,992

 
132,451

 
204,226

 
11,027,371

Total recorded investment in loans
$
7,571,286

 
$
2,519,127

 
$
360,313

 
$
337,329

 
$
144,081

 
$
204,806

 
$
11,136,942

(1) 
Refer to Note 4 for additional information regarding impaired loans.

Allowance for Loan Losses (Continued)
(Amounts in thousands)

 
Six Months Ended June 30,
 
Commercial
 
Commercial
Real
Estate
 
Construction
 
Residential
Real
Estate
 
Home
Equity
 
Personal
 
Total
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
$
103,462

 
$
31,838

 
$
4,290

 
$
5,316

 
$
4,924

 
$
2,668

 
$
152,498

Loans charged-off
(5,123
)
 
(985
)
 
—

 
(231
)
 
(371
)
 
(38
)
 
(6,748
)
Recoveries on loans previously charged-off
1,495

 
870

 
183

 
104

 
143

 
959

 
3,754

Net (charge-offs) recoveries
(3,628
)
 
(115
)
 
183

 
(127
)
 
(228
)
 
921

 
(2,994
)
Provision (release) for loan losses
13,310

 
(3,513
)
 
(657
)
 
68

 
(81
)
 
(1,580
)
 
7,547

Balance at end of period
$
113,144

 
$
28,210

 
$
3,816

 
$
5,257

 
$
4,615

 
$
2,009

 
$
157,051

2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
$
80,768

 
$
42,362

 
$
3,338

 
$
7,555

 
$
5,648

 
$
3,438

 
$
143,109

Loans charged-off
(3,629
)
 
(4,664
)
 
—

 
(415
)
 
(715
)
 
(143
)
 
(9,566
)
Recoveries on loans previously charged-off
4,475

 
2,048

 
16

 
435

 
88

 
426

 
7,488

Net recoveries (charge-offs)
846

 
(2,616
)
 
16

 
20

 
(627
)
 
283

 
(2,078
)
Provision (release) for loan losses
14,712

 
(6,447
)
 
267

 
(2,295
)
 
(6
)
 
(771
)
 
5,460

Balance at end of period
$
96,326

 
$
33,299

 
$
3,621

 
$
5,280

 
$
5,015

 
$
2,950

 
$
146,491



Reserve for Unfunded Commitments (1) 
(Amounts in thousands)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Balance at beginning of period
$
12,650

 
$
9,702

 
$
12,274

 
$
9,206

Provision (release) for unfunded commitments
507

 
(339
)
 
883

 
157

Balance at end of period
$
13,157

 
$
9,363

 
$
13,157

 
$
9,363

Unfunded commitments, excluding covered assets, at period end
$
6,135,242

 
$
4,957,324

 
 
 
 
(1) 
Unfunded commitments include commitments to extend credit, standby letters of credit and commercial letters of credit. Unfunded commitments related to covered assets are excluded as they are covered under a loss sharing agreement with the FDIC.

Refer to Note 15 for additional details of commitments to extend credit, standby letters of credit and commercial letters of credit.
[1] Refer to Note 4 for additional information regarding impaired loans.