Quarterly report pursuant to Section 13 or 15(d)

LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES

v3.8.0.1
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
Loans and leases which Huntington has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are classified in the Unaudited Condensed Consolidated Balance Sheets as loans and leases. Except for loans which are accounted for at fair value, loans are carried at the principal amount outstanding, net of unamortized premiums and discounts and deferred loan fees and costs and purchase accounting adjustments, which resulted in a net premium of $295 million and $120 million at September 30, 2017 and December 31, 2016, respectively.
Loan and Lease Portfolio Composition
The following table provides a detailed listing of Huntington’s loan and lease portfolio at September 30, 2017 and December 31, 2016.
(dollar amounts in thousands)
September 30,
2017
 
December 31,
2016
Loans and leases:
 
 
 
Commercial and industrial
$
27,469,344

 
$
28,058,712

Commercial real estate
7,206,096

 
7,300,901

Automobile
11,876,033

 
10,968,782

Home equity
9,984,728

 
10,105,774

Residential mortgage
8,616,059

 
7,724,961

RV and marine finance
2,371,065

 
1,846,447

Other consumer
1,063,971

 
956,419

Loans and leases
68,587,296

 
66,961,996

Allowance for loan and lease losses
(675,486
)
 
(638,413
)
Net loans and leases
$
67,911,810

 
$
66,323,583



FirstMerit Purchased Credit-Impaired Loans
The following table presents a rollforward of the accretable yield for purchased credit impaired loans for the three-month and nine-month period ended September 30, 2017.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollar amounts in thousands)
 
2017
 
2017
Balance, beginning of period
 
$
36,509

 
$
36,669

Accretion
 
(4,343
)
 
(13,833
)
Reclassification (to) from nonaccretable difference
 
3,044

 
12,374

Balance, end of period
 
$
35,210

 
$
35,210


The following table reflects the ending and unpaid balances of the purchase credit impaired loans at September 30, 2017 and December 31, 2016.
 
 
September 30, 2017
 
December 31, 2016
(dollar amounts in thousands)
 
Ending
Balance
 
Unpaid Principal
Balance
 
Ending
Balance
 
Unpaid Principal
Balance
Commercial and industrial
 
$
48,606

 
$
72,117

 
$
68,338

 
$
100,031

Commercial real estate
 
16,383

 
29,689

 
34,042

 
56,320

Total
 
$
64,989

 
$
101,806

 
$
102,380

 
$
156,351


There was no allowance for loan losses recorded on the purchased credit-impaired loan portfolio at September 30, 2017 and December 31, 2016.
Nonaccrual and Past Due Loans
Loans are considered past due when the contractual amounts due with respect to principal and interest are not received within 30 days of the contractual due date. See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the accounting policies related to the NALs.
The following table presents nonaccrual loans (NALs) by loan class at September 30, 2017 and December 31, 2016.
(dollar amounts in thousands)
September 30,
2017
 
December 31,
2016
Commercial and industrial
$
169,751

 
$
234,184

Commercial real estate
17,397

 
20,508

Automobile
4,076

 
5,766

Home equity
71,353

 
71,798

Residential mortgage
75,251

 
90,502

RV and marine finance
309

 
245

Other consumer
108

 

Total nonaccrual loans
$
338,245

 
$
423,003



The following table presents an aging analysis of loans and leases, including past due loans, by loan class at September 30, 2017 and December 31, 2016. (1)
 
September 30, 2017
 
Past Due
 
 
 
 
 
 Loans Accounted for Under the Fair Value Option
 
Total Loans
and Leases
 
90 or
more days
past due
and accruing
 
(dollar amounts in thousands)
30-59
Days
 
60-89
 Days
 
90 or 
more days
Total
 
Current
 
Purchased Credit
Impaired
 
 
 
 
Commercial and industrial
$
36,505

 
$
10,654

 
$
77,835

 
$
124,994

 
$
27,295,744

 
$
48,606

 
$

 
$
27,469,344

 
$
14,083

(2)
Commercial real estate
35,444

 
2,586

 
20,010

 
58,040

 
7,131,673

 
16,383

 

 
7,206,096

 
9,550

 
Automobile
79,457

 
17,167

 
10,449

 
107,073

 
11,767,782

 

 
1,178

 
11,876,033

 
10,239

 
Home equity
41,748

 
19,601

 
63,747

 
125,096

 
9,857,359

 

 
2,273

 
9,984,728

 
16,150

 
Residential mortgage
111,722

 
45,041

 
104,167

 
260,930

 
8,260,742

 

 
94,387

 
8,616,059

 
62,832

(3)
RV and marine finance
10,303

 
2,184

 
2,134

 
14,621

 
2,355,309

 

 
1,135

 
2,371,065

 
2,063

 
Other consumer
10,180

 
4,394

 
3,752

 
18,326

 
1,045,427

 

 
218

 
1,063,971

 
3,752

 
Total loans and leases
$
325,359

 
$
101,627

 
$
282,094

 
$
709,080

 
$
67,714,036

 
$
64,989

 
$
99,191

 
$
68,587,296

 
$
118,669

 
 
December 31, 2016
 
Past Due
 
 
 
 
 
Loans Accounted for Under the Fair Value Option
 
Total Loans
and Leases
 
90 or
more days
past due
and accruing
 
(dollar amounts in thousands)
30-59
Days
 
60-89
 Days
 
90 or 
more days
Total
 
Current
 
Purchased
Credit Impaired
 
 
 
 
Commercial and industrial
42,052

 
20,136

 
74,174

 
136,362

 
27,854,012

 
68,338

 

 
28,058,712

 
18,148

(2)
Commercial real estate
21,187

 
3,202

 
29,659

 
54,048

 
7,212,811

 
34,042

 

 
7,300,901

 
17,215

 
Automobile
76,283

 
17,188

 
10,442

 
103,913

 
10,862,715

 

 
2,154

 
10,968,782

 
10,182

 
Home equity
38,899

 
23,903

 
53,002

 
115,804

 
9,986,697

 

 
3,273

 
10,105,774

 
11,508

 
Residential mortgage
122,469

 
37,460

 
116,682

 
276,611

 
7,373,414

 

 
74,936

 
7,724,961

 
66,952

(3)
RV and marine finance
10,009

 
2,230

 
1,566

 
13,805

 
1,831,123

 

 
1,519

 
1,846,447

 
1,462

 
Other consumer
9,442

 
4,324

 
3,894

 
17,660

 
938,322

 

 
437

 
956,419

 
3,895

 
Total loans and leases
$
320,341

 
$
108,443

 
$
289,419

 
$
718,203

 
$
66,059,094

 
$
102,380

 
$
82,319

 
$
66,961,996

 
$
129,362

 

(1)
NALs are included in this aging analysis based on their past due status.
(2)
Amounts include Huntington Technology Finance administrative lease delinquencies.
(3)
Amounts include loans guaranteed by government organizations.

Allowance for Credit Losses
Huntington maintains two reserves, both of which reflect Management’s judgment regarding the appropriate level necessary to absorb probable and estimable credit losses inherent in our loan and lease portfolio as of the balance sheet date: the ALLL and the AULC. Combined, these reserves comprise the total ACL. The determination of the ACL requires significant estimates, including the timing and amounts of expected future cash flows on impaired loans and leases, consideration of current economic conditions, and historical loss experience pertaining to pools of homogeneous loans and leases, all of which may be susceptible to change. See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the accounting policies related to the ACL.
The ACL is increased through a provision for credit losses that is charged to earnings, based on Management’s quarterly evaluation and is reduced by charge-offs, net of recoveries, and the ACL associated with loans sold or transferred to held-for-sale.
The following table presents ALLL and AULC activity by portfolio segment for the three-month and nine-month periods ended September 30, 2017 and 2016.
(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
Three-month period ended September 30, 2017:
 
 
 
 
 
 
ALLL balance, beginning of period
 
$
474,576

 
$
193,420

 
$
667,996

Loan charge-offs
 
(19,278
)
 
(45,494
)
 
(64,772
)
Recoveries of loans previously charged-off
 
10,015

 
11,865

 
21,880

Provision for (reduction in allowance) loan and lease losses
 
8,810

 
41,573

 
50,383

Allowance for loans sold or transferred to loans held for sale
 
(1
)
 

 
(1
)
ALLL balance, end of period
 
$
474,122

 
$
201,364

 
$
675,486

AULC balance, beginning of period
 
$
82,827

 
$
2,532

 
$
85,359

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
(6,528
)
 
(265
)
 
(6,793
)
AULC balance, end of period
 
$
76,299

 
$
2,267

 
$
78,566

ACL balance, end of period
 
$
550,421

 
$
203,631

 
$
754,052

Nine-month period ended September 30, 2017:
 
 
 
 
 
 
ALLL balance, beginning of period
 
$
451,091

 
$
187,322

 
$
638,413

Loan charge-offs
 
(58,051
)
 
(133,884
)
 
(191,935
)
Recoveries of loans previously charged-off
 
33,619

 
39,946

 
73,565

Provision for (reduction in allowance) loan and lease losses
 
47,539

 
107,980

 
155,519

Allowance for loans sold or transferred to loans held for sale
 
(76
)
 

 
(76
)
ALLL balance, end of period
 
$
474,122

 
$
201,364

 
$
675,486

AULC balance, beginning of period
 
$
86,543

 
$
11,336

 
$
97,879

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
(10,244
)
 
(9,069
)
 
(19,313
)
AULC balance, end of period
 
$
76,299

 
$
2,267

 
$
78,566

ACL balance, end of period
 
$
550,421

 
$
203,631

 
$
754,052


(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
Three-month period ended September 30, 2016:
ALLL balance, beginning of period
 
$
424,507

 
$
198,557

 
$
623,064

Loan charge-offs
 
(24,839
)
 
(34,429
)
 
(59,268
)
Recoveries of loans previously charged-off
 
8,312

 
10,891

 
19,203

Provision for (reduction in allowance) loan and lease losses
 
36,689

 
16,834

 
53,523

Allowance for loans sold or transferred to loans held for sale
 
(12,874
)
 
(6,750
)
 
(19,624
)
ALLL balance, end of period
 
$
431,795

 
$
185,103

 
$
616,898

AULC balance, beginning of period
 
$
63,717

 
$
10,031

 
$
73,748

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
9,739

 
543

 
10,282

AULC recorded at acquisition
 
4,403

 

 
4,403

AULC balance, end of period
 
$
77,859

 
$
10,574

 
$
88,433

ACL balance, end of period
 
$
509,654

 
$
195,677

 
$
705,331

Nine-month period ended September 30, 2016:
ALLL balance, beginning of period
 
$
398,753

 
$
199,090

 
$
597,843

Loan charge-offs
 
(70,721
)
 
(91,784
)
 
(162,505
)
Recoveries of loans previously charged-off
 
62,127

 
35,006

 
97,133

Provision for (reduction in allowance) loan and lease losses
 
54,510

 
49,437

 
103,947

Allowance for loans sold or transferred to loans held for sale
 
(12,874
)
 
(6,646
)
 
(19,520
)
ALLL balance, end of period
 
$
431,795

 
$
185,103

 
$
616,898

AULC balance, beginning of period
 
$
63,448

 
$
8,633

 
$
72,081

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
10,008

 
1,941

 
11,949

AULC recorded at acquisition
 
4,403

 

 
4,403

AULC balance, end of period
 
$
77,859

 
$
10,574

 
$
88,433

ACL balance, end of period
 
$
509,654

 
$
195,677

 
$
705,331



Credit Quality Indicators
See Note 4 “Loans / Leases and Allowance for Credit Losses” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the credit quality indicators Huntington utilizes for monitoring credit quality and for determining an appropriate ACL level.
The following table presents each loan and lease class by credit quality indicator at September 30, 2017 and December 31, 2016.
 
September 30, 2017
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
25,447,805

 
$
803,540

 
$
1,189,789

 
$
28,210

 
$
27,469,344

Commercial real estate
6,934,670

 
144,122

 
126,352

 
952

 
7,206,096

 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by FICO Score (1), (2)
 
750+
 
650-749
 
<650
 
Other (3)
 
Total
Consumer
 
 
 
 
 
 
 
 
 
Automobile
$
5,939,409

 
$
4,278,062

 
$
1,371,574

 
$
285,810

 
$
11,874,855

Home equity
6,359,778

 
2,985,933

 
621,817

 
14,927

 
9,982,455

Residential mortgage
5,311,993

 
2,479,820

 
599,055

 
130,804

 
8,521,672

RV and marine finance
1,385,176

 
853,545

 
91,302

 
39,907

 
2,369,930

Other consumer
404,047

 
510,804

 
136,346

 
12,556

 
1,063,753

 
December 31, 2016
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
26,211,885

 
$
810,287

 
$
1,028,819

 
$
7,721

 
$
28,058,712

Commercial real estate
7,042,304

 
96,975

 
159,098

 
2,524

 
7,300,901

 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by FICO Score (1), (2)
 
750+
 
650-749
 
<650
 
Other (3)
 
Total
Consumer
 
 
 
 
 
 
 
 
 
Automobile
$
5,369,085

 
$
4,043,611

 
$
1,298,460

 
$
255,472

 
$
10,966,628

Home equity
6,280,328

 
2,891,330

 
637,560

 
293,283

 
10,102,501

Residential mortgage
4,662,777

 
2,285,121

 
615,067

 
87,060

 
7,650,025

RV and marine finance
1,064,143

 
644,039

 
72,995

 
63,751

 
1,844,928

Other consumer
346,867

 
455,959

 
133,243

 
19,913

 
955,982



(1)
Excludes loans accounted for under the fair value option.
(2)
Reflects most recent customer credit scores.
(3)
Reflects deferred fees and costs, loans in process, loans to legal entities, etc.

Impaired Loans
See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of accounting policies related to impaired loans.
The following tables present the balance of the ALLL attributable to loans by portfolio segment individually and collectively evaluated for impairment and the related loan and lease balance at September 30, 2017 and December 31, 2016.
(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
ALLL at September 30, 2017:
 
 
 
 
 
 
Portion of ALLL balance:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$

 
$

 
$

Attributable to loans individually evaluated for impairment
 
22,838

 
13,874

 
36,712

Attributable to loans collectively evaluated for impairment
 
451,284

 
187,490

 
638,774

Total ALLL balance
 
$
474,122

 
$
201,364

 
$
675,486

Loan and Lease Ending Balances at September 30, 2017: (1)
 
 
 
 
 
 
Portion of loan and lease ending balance:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$
64,989

 
$

 
$
64,989

Individually evaluated for impairment
 
566,340

 
621,808

 
1,188,148

Collectively evaluated for impairment
 
34,044,110

 
33,190,856

 
67,234,966

Total loans and leases evaluated for impairment
 
$
34,675,439

 
$
33,812,664

 
$
68,488,103

(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
ALLL at December 31, 2016
 
 
 
 
 
 
Portion of ALLL balance:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$

 
$

 
$

Attributable to loans individually evaluated for impairment
 
$
10,525

 
$
11,021

 
$
21,546

Attributable to loans collectively evaluated for impairment
 
440,566

 
176,301

 
616,867

Total ALLL balance:
 
$
451,091

 
$
187,322

 
$
638,413

Loan and Lease Ending Balances at December 31, 2016 (1)
 
 
 
 
 
 
Portion of loan and lease ending balances:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$
102,380

 
$

 
$
102,380

Individually evaluated for impairment
 
415,624

 
457,890

 
873,514

Collectively evaluated for impairment
 
34,841,609

 
31,062,174

 
65,903,783

Total loans and leases evaluated for impairment
 
$
35,359,613

 
$
31,520,064

 
$
66,879,677



(1)
Excludes loans accounted for under the fair value option.
The following tables present by class the ending, unpaid principal balance, and the related ALLL, along with the average balance and interest income recognized only for impaired loans and leases and purchased credit-impaired loans: (1), (2)
 
September 30, 2017
 
Three Months Ended
September 30, 2017
 
Nine Months Ended
September 30, 2017
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (6)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
299,349

 
$
324,474

 
$

 
$
294,513

 
$
4,969

 
$
227,611

 
$
7,467

Commercial real estate
65,382

 
92,215

 

 
71,277

 
1,825

 
80,388

 
5,762

Automobile

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

RV and marine finance

 

 

 

 

 

 

Other consumer

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
213,520

 
245,328

 
19,958

 
222,745

 
1,950

 
334,297

 
12,712

Commercial real estate
53,078

 
60,366

 
2,880

 
40,672

 
468

 
54,352

 
1,388

Automobile
33,049

 
33,049

 
1,683

 
32,740

 
496

 
32,293

 
1,576

Home equity
335,763

 
367,870

 
14,486

 
330,784

 
3,713

 
326,932

 
11,639

Residential mortgage
310,440

 
341,724

 
8,060

 
319,745

 
2,837

 
329,193

 
8,851

RV and marine finance
1,520

 
1,520

 
88

 
1,425

 
23

 
884

 
58

Other consumer
6,456

 
6,456

 
1,288

 
6,944

 
47

 
7,117

 
184

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial (3)
512,869

 
569,802

 
19,958

 
517,258

 
6,919

 
561,908

 
20,179

Commercial real estate (4)
118,460

 
152,581

 
2,880

 
111,949

 
2,293

 
134,740

 
7,150

Automobile (2)
33,049

 
33,049

 
1,683

 
32,740

 
496

 
32,293

 
1,576

Home equity (5)
335,763

 
367,870

 
14,486

 
330,784

 
3,713

 
326,932

 
11,639

Residential mortgage (5)
310,440

 
341,724

 
8,060

 
319,745

 
2,837

 
329,193

 
8,851

RV and marine finance (2)
1,520

 
1,520

 
88

 
1,425

 
23

 
884

 
58

Other consumer (2)
6,456

 
6,456

 
1,288

 
6,944

 
47

 
7,117

 
184


 
December 31, 2016
 
Three Months Ended
September 30, 2016
 
Nine Months Ended
September 30, 2016
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (6)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
299,606


$
358,712


$


$
305,956


$
2,235


$
290,163


$
4,858

Commercial real estate
88,817


126,152




80,000


907


58,666


2,257

Automobile

 

 

 

 

 

 

Home equity













Residential mortgage













RV and marine finance

 

 

 

 

 

 

Other consumer













 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
406,243

 
448,121

 
22,259

 
281,934

 
1,631

 
274,262

 
5,460

Commercial real estate
97,238

 
107,512

 
3,434

 
49,140

 
521

 
49,587

 
1,895

Automobile
30,961

 
31,298

 
1,850

 
31,540

 
541

 
31,912

 
1,643

Home equity
319,404

 
352,722

 
15,032

 
284,512

 
3,453

 
267,264

 
9,382

Residential mortgage
327,753

 
363,099

 
12,849

 
344,237

 
2,978

 
353,259

 
9,041

RV and marine finance

 

 

 

 

 

 

Other consumer
3,897

 
3,897

 
260

 
4,454

 
58

 
4,627

 
178

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial (3)
705,849

 
806,833

 
22,259

 
587,890

 
3,866

 
564,425

 
10,318

Commercial real estate (4)
186,055

 
233,664

 
3,434

 
129,140

 
1,428

 
108,253

 
4,152

Automobile (2)
30,961

 
31,298

 
1,850

 
31,540

 
541

 
31,912

 
1,643

Home equity (5)
319,404

 
352,722

 
15,032

 
284,512

 
3,453

 
267,264

 
9,382

Residential mortgage (5)
327,753

 
363,099

 
12,849

 
344,237

 
2,978

 
353,259

 
9,041

RV and marine finance (2)

 

 

 

 

 

 

Other consumer (2)
3,897

 
3,897

 
260

 
4,454

 
58

 
4,627

 
178

(1)
These tables do not include loans fully charged-off.
(2)
All automobile, RV and marine finance and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR.
(3)
At September 30, 2017 and December 31, 2016, commercial and industrial loans of $365 million and $317 million, respectively, were considered impaired due to their status as a TDR.
(4)
At September 30, 2017 and December 31, 2016, commercial real estate loans of $84 million and $81 million, respectively, were considered impaired due to their status as a TDR.
(5)
Includes home equity and residential mortgages considered to be collateral dependent due to their non-accrual status as well as home equity and mortgage loans considered impaired due to their status as a TDR.
(6)
The differences between the ending balance and unpaid principal balance amounts represent partial charge-offs.

TDR Loans
TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided are not available to the borrower through either normal channels or other sources. However, not all loan modifications are TDRs. Acquired, non-purchased credit impaired loans are only considered for TDR reporting for modifications made subsequent to acquisition. See Note 4 “Loans / Leases and Allowance for Credit Losses” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for an additional discussion of TDRs.
The following table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the three-month and nine-month periods ended September 30, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
New Troubled Debt Restructurings During The Three-Month Period Ended (1)
 
September 30, 2017
 
September 30, 2016
(dollar amounts in thousands)
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
 
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
6

 
$
817

 
$

 
2

 
$
122

 
$
6

Amortization or maturity date change
271

 
138,381

 
(837
)
 
246

 
89,100

 
(1,450
)
Other

 

 

 
6

 
711

 
(2
)
Total Commercial and industrial
277

 
139,198

 
(837
)
 
254

 
89,933

 
(1,446
)
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

 

 

Amortization or maturity date change
28

 
17,811

 
133

 
30

 
11,183

 
(546
)
Other

 

 

 

 

 

Total commercial real estate:
28

 
17,811

 
133

 
30

 
11,183

 
(546
)
Automobile:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
5

 
72

 
3

 
4

 
26

 
3

Amortization or maturity date change
487

 
3,943

 
124

 
452

 
4,438

 
559

Chapter 7 bankruptcy
305

 
2,562

 
69

 
236

 
1,840

 
157

Other

 

 

 

 

 

Total Automobile
797

 
6,577

 
196

 
692

 
6,304

 
719

Home equity:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
8

 
376

 
11

 
14

 
352

 
10

Amortization or maturity date change
160

 
11,676

 
(1,131
)
 
110

 
6,740

 
(574
)
Chapter 7 bankruptcy
79

 
2,728

 
647

 
70

 
2,395

 
1,327

Other

 

 

 

 

 

Total Home equity
247

 
14,780

 
(473
)
 
194

 
9,487

 
763

Residential mortgage:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
2

 
134

 
(2
)
Amortization or maturity date change
102

 
11,282

 
(272
)
 
77

 
7,988

 
(220
)
Chapter 7 bankruptcy
20

 
1,656

 
(2
)
 
17

 
1,105

 
(63
)
Other
1

 
64

 
2

 
3

 
260

 

Total Residential mortgage
123

 
13,002

 
(272
)
 
99

 
9,487

 
(285
)
RV and marine finance:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

 

 

Amortization or maturity date change
10

 
84

 
3

 

 

 

Chapter 7 bankruptcy
22

 
492

 
15

 

 

 

Other

 

 

 

 

 

Total RV and marine finance
32

 
576

 
18

 

 

 

Other consumer:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
18

 
52

 

 

 

 

Amortization or maturity date change
677

 
3,106

 
1

 
1

 
16

 

Chapter 7 bankruptcy
4

 
24

 
1

 
1

 
6

 

Other

 

 

 

 

 

Total Other consumer
699

 
3,182

 
2

 
2

 
22

 

Total new troubled debt restructurings
2,203

 
$
195,126

 
$
(1,233
)
 
1,271

 
$
126,416

 
$
(795
)

 
New Troubled Debt Restructurings During The Nine-Month Period Ended (1)
 
September 30, 2017
 
September 30, 2016
(dollar amounts in thousands)
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
 
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
8

 
$
854

 
$
6

 
4

 
$
161

 
$
5

Amortization or maturity date change
735

 
418,924

 
(8,695
)
 
629

 
345,691

 
(4,368
)
Other
4

 
380

 
(27
)
 
16

 
1,801

 
(4
)
Total Commercial and industrial
747

 
420,158

 
(8,716
)
 
649

 
347,653

 
(4,367
)
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
1

 
84

 

Amortization or maturity date change
71

 
74,101

 
(682
)
 
90

 
60,995

 
(1,828
)
Other

 

 

 
4

 
315

 
16

Total commercial real estate:
71

 
74,101

 
(682
)
 
95

 
61,394

 
(1,812
)
Automobile:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
24

 
308

 
9