5. ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS

The following allowance and credit quality disclosures exclude covered loans. Refer to Note 6 for a detailed discussion regarding covered loans.

Allowance for Loan Losses and Recorded Investment in Loans

(Amounts in thousands)


	Quarters Ended June 30,
	Commercial			Commercial Real Estate			Construction			Residential Real Estate			Home Equity			Personal			Total
2012
*Allowance for Loan Losses:*
Balance at beginning of period	$	59,911		$	97,021		$	3,180		$	6,560		$	6,601		$	10,571		$	183,844
Loans charged-off		(7,769	)		(17,924	)		(828	)		(1,006	)		(4	)		(6,341	)		(33,872	)
Recoveries on loans previously charged-off		634			4,150			1,664			2			314			163			6,927

Net charge-offs		(7,135	)		(13,774	)		836			(1,004	)		310			(6,178	)		(26,945	)
Provision for loan losses		12,409			1,239			(1,235	)		1,273			153			3,564			17,403

Balance at end of period	$	65,185		$	84,486		$	2,781		$	6,829		$	7,064		$	7,957		$	174,302

Ending balance, individually evaluated for impairment ⁽¹⁾	$	17,975		$	30,786		$	146		$	1,629		$	2,864		$	4,697		$	58,097
Ending balance, collectively evaluated for impairment	$	47,210		$	53,700		$	2,635		$	5,200		$	4,200		$	3,260		$	116,205

*Recorded Investment in Loans*:
Ending balance, loans individually evaluated for impairment ⁽¹⁾	$	142,059		$	132,421		$	555		$	11,902		$	13,684		$	6,408		$	307,029
Ending balance, loans collectively evaluated for impairment		5,766,552			2,491,321			170,459			318,352			160,447			222,075			9,129,206

Total recorded investment in loans	$	5,908,611		$	2,623,742		$	171,014		$	330,254		$	174,131		$	228,483		$	9,436,235


2011
*Allowance for Loan Losses*:
Balance at beginning of period	$	64,695		$	114,186		$	24,098		$	5,973		$	4,833		$	4,452		$	218,237
Loans charged-off		(10,512	)		(25,402	)		(8,275	)		(186	)		(508	)		(434	)		(45,317	)
Recoveries on loans previously charged-off		707			511			56			40			15			312			1,641

Net charge-offs		(9,805	)		(24,891	)		(8,219	)		(146	)		(493	)		(122	)		(43,676	)
Provision for loan losses		1,462			22,240			1,852			1,238			2,286			2,647			31,725

Balance at end of period	$	56,352		$	111,535		$	17,731		$	7,065		$	6,626		$	6,977		$	206,286

Ending balance, individually evaluated for impairment ⁽¹⁾	$	10,352		$	44,535		$	8,131		$	1,665		$	3,126		$	3,877		$	71,686
Ending balance, collectively evaluated for impairment	$	46,000		$	67,000		$	9,600		$	5,400		$	3,500		$	3,100		$	134,600

*Recorded Investment in Loans*:
Ending balance, loans individually evaluated for impairment ⁽¹⁾	$	114,184		$	230,277		$	46,152		$	19,663		$	12,911		$	31,875		$	455,062
Ending balance, loans collectively evaluated for impairment		4,758,973			2,467,143			319,909			281,587			177,780			212,188			8,217,580

Total recorded investment in loans	$	4,873,157		$	2,697,420		$	366,061		$	301,250		$	190,691		$	244,063		$	8,672,642

⁽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
2012
Balance at beginning of year	$	60,663		$	94,905		$	12,852		$	6,376		$	4,022		$	12,776		$	191,594
Loans charged-off		(17,318	)		(43,204	)		(2,073	)		(2,090	)		(487	)		(8,426	)		(73,598	)
Recoveries on loans previously charged-off		2,313			6,032			1,705			13			340			865			11,268

Net charge-offs		(15,005	)		(37,172	)		(368	)		(2,077	)		(147	)		(7,561	)		(62,330	)
Provision (release)for loan losses		19,527			26,753			(9,703	)		2,530			3,189			2,742			45,038

Balance at end of period	$	65,185		$	84,486		$	2,781		$	6,829		$	7,064		$	7,957		$	174,302

2011
Balance at beginning of year	$	70,115		$	110,853		$	19,778		$	5,321		$	5,764		$	10,990		$	222,821
Loans charged-off		(14,712	)		(54,811	)		(8,337	)		(572	)		(1,955	)		(7,221	)		(87,608	)
Recoveries on loans previously charged-off		1,172			783			153			42			25			467			2,642

Net charge-offs		(13,540	)		(54,028	)		(8,184	)		(530	)		(1,930	)		(6,754	)		(84,966	)
(Release) provision for loan losses		(223	)		54,710			6,137			2,274			2,792			2,741			68,431

Balance at end of period	$	56,352		$	111,535		$	17,731		$	7,065		$	6,626		$	6,977		$	206,286

Reserve for Unfunded Commitments ⁽¹⁾

(Amounts in thousands)


	Quarters Ended June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Balance at beginning of period	$	8,210	$	8,119		$	7,277	$	8,119
Provision for unfunded commitments		—		(1,133	)		933		(1,133	)

Balance at end of period	$	8,210	$	6,986		$	8,210	$	6,986


Unfunded commitments, excluding covered assets, at period end ⁽¹⁾	$	4,552,903	$	3,810,271

⁽¹⁾	Unfunded commitments include commitments to extend credit, standby letters of credit and commercial letters of credit.

Refer to Note 15 for additional details of commitments to extend credit, standby letters of credit and commercial letters of credit.