Annual report pursuant to Section 13 and 15(d)

LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.3.1.900
LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Schedule of financing receivable portfolio segments
The table below summarizes the Company’s primary portfolios. For ACL purposes, these portfolios are further disaggregated into classes which are also summarized in the table below. 
Portfolio
Class
Commercial and industrial
Owner occupied
 
Purchased credit-impaired
 
Other commercial and industrial
 
 
Commercial real estate
Retail properties
 
Multi family
 
Office
 
Industrial and warehouse
 
Purchased credit-impaired
 
Other commercial real estate
 
 
Automobile
NA (1)
 
 
Home equity
Secured by first-lien
 
Secured by junior-lien
 
 
Residential mortgage
Residential mortgage
 
Purchased credit-impaired
 
 
Other consumer
Other consumer
 
Purchased credit-impaired
(1)
Not applicable. The automobile loan portfolio is not further segregated into classes.
Lease financing receivables
Net investments in lease financing receivables by category at December 31, 2015 and 2014 were as follows: 
 
At December 31,
(dollar amounts in thousands)
2015
 
2014
Commercial and industrial:
 
 
 
Lease payments receivable
$
1,551,885

 
$
1,051,744

Estimated residual value of leased assets
711,181

 
483,407

Gross investment in commercial lease financing receivables
2,263,066

 
1,535,151

Net deferred origination costs
7,068

 
2,557

Unearned income
(208,669
)
 
(131,027
)
Total net investment in commercial lease financing receivables
$
2,061,465

 
$
1,406,681

Loans acquired with deteriorated credit quality
The following table presents a rollforward of the accretable yield by acquisition for the year ended December 31, 2015 and 2014:
 
(dollar amounts in thousands)
2015
 
2014
Fidelity Bank
 
 
 
Balance at January 1,
$
19,388

 
$
27,995

Accretion
(11,032
)
 
(13,485
)
Reclassification from nonaccretable difference
7,856

 
4,878

Balance at December 31,
$
16,212

 
$
19,388

Camco Financial
 
 
 
Balance at January 1,
$
824

 
$

Impact of acquisition on March 1, 2014

 
143

Accretion
(1,380
)
 
(5,597
)
Reclassification from nonaccretable difference
556

 
6,278

Balance at December 31,
$

 
$
824

The following table reflects the ending and unpaid balances of all contractually required payments and carrying amounts of the acquired loans by acquisition at December 31, 2015 and 2014:
 
 
December 31, 2015
 
December 31, 2014
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Balance
 
Ending
Balance
 
Unpaid
Balance
Fidelity Bank
 
 
 
 
 
 
 
Commercial and industrial
$
21,017

 
$
30,676

 
$
22,405

 
$
33,622

Commercial real estate
13,758

 
55,358

 
36,663

 
87,250

Residential mortgage
1,454

 
2,189

 
1,912

 
3,096

Other consumer
52

 
101

 
51

 
123

Total
$
36,281

 
$
88,324

 
$
61,031

 
$
124,091

Camco Financial
 
 
 
 
 
 
 
Commercial and industrial
$

 
$

 
$
823

 
$
1,685

Commercial real estate

 

 
1,708

 
3,826

Residential mortgage

 

 

 

Other consumer

 

 

 

Total
$

 
$

 
$
2,531

 
$
5,511

Loan Purchases and Sales
The following table summarizes significant portfolio loan purchase and sale activity for the years ended December 31, 2015 and 2014. The table below excludes mortgage loans originated for sale.
 
 
Commercial
and Industrial
 
Commercial
Real Estate
 
Automobile
(1)
Home
Equity
 
Residential
Mortgage
 
Other
Consumer
 
Total
(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Portfolio loans purchased during the:
Year ended December 31, 2015
$
316,252

 
$

 
$

 
$

 
$
20,463

 
$

 
$
336,715

Year ended December 31, 2014
326,557

 

 

 

 
18,482

 

 
345,039

Portfolio loans sold or transferred to loans held for sale during the:
Year ended December 31, 2015
380,713

 

 
764,540

 
96,786

 

 

 
1,242,039

Year ended December 31, 2014
352,062

 
8,447

 

 

 

 
7,592

 
368,101


(1) Reflects the transfer of approximately $1.0 billion of automobile loans to loans held-for-sale at March 31, 2015, net of approximately $262 million of automobile loans transferred to loans and leases in the 2015 second quarter.
Nonaccrual loans by loan class
The following table presents NALs by loan class for the years ended December 31, 2015 and 2014:
 
 
December 31,
(dollar amounts in thousands)
2015
 
2014
Commercial and industrial:
 
 
 
Owner occupied
$
35,481

 
$
41,285

Other commercial and industrial
139,714

 
30,689

Total commercial and industrial
175,195

 
71,974

Commercial real estate:
 
 
 
Retail properties
7,217

 
21,385

Multi family
5,819

 
9,743

Office
10,495

 
7,707

Industrial and warehouse
2,202

 
3,928

Other commercial real estate
3,251

 
5,760

Total commercial real estate
28,984

 
48,523

Automobile
6,564

 
4,623

Home equity:
 
 
 
Secured by first-lien
35,389

 
46,938

Secured by junior-lien
30,889

 
31,622

Total home equity
66,278

 
78,560

Residential mortgage
94,560

 
96,564

Other consumer

 

Total nonaccrual loans
$
371,581

 
$
300,244

Aging analysis of loans and leases
The following table presents an aging analysis of loans and leases, including past due loans and leases, by loan class for the years ended December 31, 2015 and 2014 (1):


 
December 31, 2015
 
Past Due
 
 
 
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
 
 
 
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
$
11,947

 
$
3,613

 
$
13,793

 
$
29,353

 
$
3,983,447

 
$
4,012,800

 
$

 
Purchased credit-impaired
292

 
1,436

 
5,949

 
7,677

 
13,340

 
21,017

 
5,949

(3)
Other commercial and industrial
32,476

 
8,531

 
27,236

 
68,243

 
16,457,774

 
16,526,017

 
2,775

(2)
Total commercial and industrial
44,715

 
13,580

 
46,978

 
105,273

 
20,454,561

 
20,559,834

 
8,724

 
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail properties
1,823

 
195

 
3,637

 
5,655

 
1,501,054

 
1,506,709

 

 
Multi family
961

 
1,137

 
2,691

 
4,789

 
1,073,429

 
1,078,218

 

 
Office
5,022

 
256

 
3,016

 
8,294

 
886,331

 
894,625

 

 
Industrial and warehouse
93

 

 
373

 
466

 
503,701

 
504,167

 

 
Purchased credit-impaired
102

 
3,818

 
9,549

 
13,469

 
289

 
13,758

 
9,549

(3)
Other commercial real estate
1,231

 
315

 
2,400

 
3,946

 
1,267,228

 
1,271,174

 

 
Total commercial real estate
9,232

 
5,721

 
21,666

 
36,619

 
5,232,032

 
5,268,651

 
9,549

 
Automobile
69,553

 
14,965

 
7,346

 
91,864

 
9,388,814

 
9,480,678

 
7,162

 
Home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured by first-lien
18,349

 
7,576

 
26,304

 
52,229

 
5,139,256

 
5,191,485

 
4,499

 
Secured by junior-lien
18,128

 
9,329

 
29,996

 
57,453

 
3,221,544

 
3,278,997

 
4,545

 
Total home equity
36,477

 
16,905

 
56,300

 
109,682

 
8,360,800

 
8,470,482

 
9,044

 
Residential mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
102,670

 
34,298

 
119,354

 
256,322

 
5,740,624

 
5,996,946

 
69,917

(4)
Purchased credit-impaired
103

 

 

 
103

 
1,351

 
1,454

 

 
Total residential mortgage
102,773

 
34,298

 
119,354

 
256,425

 
5,741,975

 
5,998,400

 
69,917

 
Other consumer:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other consumer
6,469

 
1,852

 
1,395

 
9,716

 
553,286

 
563,002

 
1,394

 
Purchased credit-impaired

 

 

 

 
52

 
52

 

 
Total other consumer
6,469

 
1,852

 
1,395

 
9,716

 
553,338

 
563,054

 
1,394

 
Total loans and leases
$
269,219

 
$
87,321

 
$
253,039

 
$
609,579

 
$
49,731,520

 
$
50,341,099

 
$
105,790

 

 
December 31, 2014
 
Past Due
 
 
 
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
 
 
 
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
$
5,232

 
$
2,981

 
$
18,222

 
$
26,435

 
$
4,228,440

 
$
4,254,875

 
$

 
Purchased credit-impaired
846

 

 
4,937

 
5,783

 
17,445

 
23,228

 
4,937

(3)
Other commercial and industrial
15,330

 
1,536

 
9,101

 
25,967

 
14,729,076

 
14,755,043

 

 
Total commercial and industrial
21,408

 
4,517

 
32,260

 
58,185

 
18,974,961

 
19,033,146

 
4,937


Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail properties
7,866

 

 
4,021

 
11,887

 
1,345,859

 
1,357,746

 

 
Multi family
1,517

 
312

 
3,337

 
5,166

 
1,085,250

 
1,090,416

 

 
Office
464

 
1,167

 
4,415

 
6,046

 
974,257

 
980,303

 

 
Industrial and warehouse
688

 

 
2,649

 
3,337

 
510,064

 
513,401

 

 
Purchased credit-impaired
89

 
289

 
18,793

 
19,171

 
19,200

 
38,371

 
18,793

(3)
Other commercial real estate
847

 
1,281

 
3,966

 
6,094

 
1,211,072

 
1,217,166

 

 
Total commercial real estate
11,471

 
3,049

 
37,181

 
51,701

 
5,145,702

 
5,197,403

 
18,793


Automobile
56,272

 
10,427

 
5,963

 
72,662

 
8,617,240

 
8,689,902

 
5,703

 
Home equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured by first-lien
15,036

 
8,085

 
33,014

 
56,135

 
5,072,669

 
5,128,804

 
4,471

 
Secured by junior-lien
22,473

 
12,297

 
33,406

 
68,176

 
3,293,935

 
3,362,111

 
7,688

 
Total home equity
37,509

 
20,382

 
66,420

 
124,311

 
8,366,604

 
8,490,915

 
12,159

 
Residential mortgage
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
102,702

 
42,009

 
139,379

 
284,090

 
5,544,607

 
5,828,697

 
88,052

(5)
Purchased credit-impaired

 

 

 

 
1,912

 
1,912

 

 
Total residential mortgage
102,702

 
42,009

 
139,379

 
284,090

 
5,546,519

 
5,830,609

 
88,052


Other consumer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other consumer
5,491

 
1,086

 
837

 
7,414

 
406,286

 
413,700

 
837

 
Purchased credit-impaired

 

 

 

 
51

 
51

 

 
Total other consumer
5,491

 
1,086

 
837

 
7,414

 
406,337

 
413,751

 
837

 
Total loans and leases
$
234,853

 
$
81,470

 
$
282,040

 
$
598,363

 
$
47,057,363

 
$
47,655,726

 
$
130,481

 


(1)
NALs are included in this aging analysis based on the loan’s past due status.
(2)
Amounts include Huntington Technology Finance administrative lease delinquencies.
(3)
Amounts represent accruing purchased impaired loans related to acquisitions. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status.
(4)
Includes $56 million guaranteed by the U.S. government.
(5)
Includes $55 million guaranteed by the U.S. government.
ALLL and AULC activity by portfolio segment
The following table presents ALLL and AULC activity by portfolio segment for the years ended December 31, 2015, 2014, and 2013:
(dollar amounts in thousands)
Commercial
and Industrial
 
Commercial
Real Estate
 
Automobile
 
Home
Equity
 
Residential
Mortgage
 
Other
Consumer
 
Total
Year ended December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL balance, beginning of period
$
286,995

 
$
102,839

 
$
33,466

 
$
96,413

 
$
47,211

 
$
38,272

 
$
605,196

Loan charge-offs
(79,724
)
 
(18,076
)
 
(36,489
)
 
(36,481
)
 
(15,696
)
 
(31,415
)
 
(217,881
)
Recoveries of loans previously charged-off
51,800

 
34,619

 
16,198

 
16,631

 
5,570

 
5,270

 
130,088

Provision (reduction in allowance) for loan and lease losses
39,675

 
(19,375
)
 
38,621

 
12,173

 
5,443

 
12,142

 
88,679

Write-downs of loans sold or transferred to loans held for sale

 

 
(2,292
)
 
(5,065
)
 
(882
)
 

 
(8,239
)
ALLL balance, end of period
$
298,746

 
$
100,007

 
$
49,504

 
$
83,671

 
$
41,646

 
$
24,269

 
$
597,843

AULC balance, beginning of period
$
48,988

 
$
6,041

 
$

 
$
1,924

 
$
8

 
$
3,845

 
$
60,806

Provision (reduction in allowance) for unfunded loan commitments and letters of credit
6,898

 
1,521

 

 
144

 
10

 
2,702

 
11,275

AULC balance, end of period
$
55,886

 
$
7,562

 
$

 
$
2,068

 
$
18

 
$
6,547

 
$
72,081

ACL balance, end of period
$
354,632

 
$
107,569

 
$
49,504

 
$
85,739

 
$
41,664

 
$
30,816

 
$
669,924

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL balance, beginning of period
$
265,801

 
$
162,557

 
$
31,053

 
$
111,131

 
$
39,577

 
$
37,751

 
$
647,870

Loan charge-offs
(76,654
)
 
(24,704
)
 
(31,330
)
 
(54,473
)
 
(25,946
)
 
(33,494
)
 
(246,601
)
Recoveries of loans previously charged-off
44,531

 
34,071

 
13,762

 
17,526

 
6,194

 
5,890

 
121,974

Provision (reduction in allowance) for loan and lease losses
53,317

 
(69,085
)
 
19,981

 
22,229

 
27,386

 
29,254

 
83,082

Write-downs of loans sold or transferred to loans held for sale

 

 

 

 

 
(1,129
)
 
(1,129
)
ALLL balance, end of period
$
286,995

 
$
102,839

 
$
33,466

 
$
96,413

 
$
47,211

 
$
38,272

 
$
605,196

AULC balance, beginning of period
$
49,596

 
$
9,891

 
$

 
$
1,763

 
$
9

 
$
1,640

 
$
62,899

Provision (reduction in allowance) for unfunded loan commitments and letters of credit
(608
)
 
(3,850
)
 

 
161

 
(1
)
 
2,205

 
(2,093
)
AULC balance, end of period
$
48,988

 
$
6,041

 
$

 
$
1,924

 
$
8

 
$
3,845

 
$
60,806

ACL balance, end of period
$
335,983

 
$
108,880

 
$
33,466

 
$
98,337

 
$
47,219

 
$
42,117

 
$
666,002

(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL balance, beginning of period
$
241,051

 
$
285,369

 
$
34,979

 
$
118,764

 
$
61,658

 
$
27,254

 
$
769,075

Loan charge-offs
(45,904
)
 
(69,512
)
 
(23,912
)
 
(98,184
)
 
(34,236
)
 
(34,568
)
 
(306,316
)
Recoveries of loans previously charged-off
29,514

 
44,658

 
13,375

 
15,921

 
7,074

 
7,108

 
117,650

Provision (reduction in allowance) for loan and lease losses
41,140

 
(97,958
)
 
6,611

 
74,630

 
5,417

 
37,957

 
67,797

Write-downs of loans sold or transferred to loans held for sale

 

 

 

 
(336
)
 

 
(336
)
ALLL balance, end of period
$
265,801

 
$
162,557

 
$
31,053

 
$
111,131

 
$
39,577

 
$
37,751

 
$
647,870

AULC balance, beginning of period
$
33,868

 
$
4,740

 
$

 
$
1,356

 
$
3

 
$
684

 
$
40,651

Provision (reduction in allowance) for unfunded loan commitments and letters of credit
15,728

 
5,151

 

 
407

 
6

 
956

 
22,248

AULC balance, end of period
$
49,596

 
$
9,891

 
$

 
$
1,763

 
$
9

 
$
1,640

 
$
62,899

ACL balance, end of period
$
315,397

 
$
172,448

 
$
31,053

 
$
112,894

 
$
39,586

 
$
39,391

 
$
710,769

Loan and lease balances by credit quality indicator
The following table presents each loan and lease class by credit quality indicator for the years ended December 31, 2015 and 2014:
 
December 31, 2015
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial and industrial:
 
 
 
 
 
 
 
 
 
Owner occupied
$
3,731,113

 
$
114,490

 
$
165,301

 
$
1,896

 
$
4,012,800

Purchased credit-impaired
3,051

 
674

 
15,661

 
1,631

 
21,017

Other commercial and industrial
15,523,625

 
284,175

 
714,615

 
3,602

 
16,526,017

Total commercial and industrial
19,257,789

 
399,339

 
895,577

 
7,129

 
20,559,834

Commercial real estate:
 
 
 
 
 
 
 
 
 
Retail properties
1,473,014

 
10,865

 
22,830

 

 
1,506,709

Multi family
1,029,138

 
28,862

 
19,898

 
320

 
1,078,218

Office
822,824

 
35,350

 
36,011

 
440

 
894,625

Industrial and warehouse
493,402

 
259

 
10,450

 
56

 
504,167

Purchased credit-impaired
7,194

 
397

 
6,167

 

 
13,758

Other commercial real estate
1,240,482

 
4,054

 
25,811

 
827

 
1,271,174

Total commercial real estate
$
5,066,054

 
$
79,787

 
$
121,167

 
$
1,643

 
$
5,268,651

 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by FICO Score (1)
 
750+
 
650-749
 
<650
 
Other (2)
 
Total
Automobile
$
4,680,684

 
$
3,454,585

 
$
1,086,914

 
$
258,495

 
$
9,480,678

Home equity:
 
 
 
 
 
 
 
 
 
Secured by first-lien
3,369,657

 
1,441,574

 
258,328

 
121,926

 
5,191,485

Secured by junior-lien
1,841,084

 
1,024,851

 
323,998

 
89,064

 
3,278,997

Total home equity
5,210,741

 
2,466,425

 
582,326

 
210,990

 
8,470,482

Residential mortgage:
 
 
 
 
 
 
 
 
 
Residential mortgage
3,563,683

 
1,813,002

 
567,688

 
52,573

 
5,996,946

Purchased credit-impaired
381

 
777

 
296

 

 
1,454

Total residential mortgage
3,564,064

 
1,813,779

 
567,984

 
52,573

 
5,998,400

Other consumer:
 
 
 
 
 
 
 
 
 
Other consumer
233,969

 
269,694

 
49,650

 
9,689

 
563,002

Purchased credit-impaired

 
52

 

 

 
52

Total other consumer
$
233,969

 
$
269,746

 
$
49,650

 
$
9,689

 
$
563,054

 
December 31, 2014
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial and industrial:
 
 
 
 
 
 
 
 
 
Owner occupied
$
3,959,046

 
$
117,637

 
$
175,767

 
$
2,425

 
$
4,254,875

Purchased credit-impaired
3,915

 
741

 
14,901

 
3,671

 
23,228

Other commercial and industrial
13,925,334

 
386,666

 
440,036

 
3,007

 
14,755,043

Total commercial and industrial
17,888,295

 
505,044

 
630,704

 
9,103

 
19,033,146

Commercial real estate:
 
 
 
 
 
 
 
 
 
Retail properties
1,279,064

 
10,204

 
67,911

 
567

 
1,357,746

Multi family
1,044,521

 
12,608

 
32,322

 
965

 
1,090,416

Office
902,474

 
33,107

 
42,578

 
2,144

 
980,303

Industrial and warehouse
487,454

 
7,877

 
17,781

 
289

 
513,401

Purchased credit-impaired
6,914

 
803

 
25,460

 
5,194

 
38,371

Other commercial real estate
1,166,293

 
9,635

 
40,019

 
1,219

 
1,217,166

Total commercial real estate
$
4,886,720

 
$
74,234

 
$
226,071

 
$
10,378

 
$
5,197,403

 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by FICO Score (1)
 
750+
 
650-749
 
<650
 
Other (2)
 
Total
Automobile
$
4,165,811

 
$
3,249,141

 
$
1,028,381

 
$
246,569

 
$
8,689,902

Home equity:
 
 
 
 
 
 
 
 
 
Secured by first-lien
3,255,088

 
1,426,191

 
283,152

 
164,373

 
5,128,804

Secured by junior-lien
1,832,663

 
1,095,332

 
348,825

 
85,291

 
3,362,111

Total home equity
5,087,751

 
2,521,523

 
631,977

 
249,664

 
8,490,915

Residential mortgage
 
 
 
 
 
 
 
 
 
Residential mortgage
3,285,310

 
1,785,137

 
666,562

 
91,688

 
5,828,697

Purchased credit-impaired
594

 
1,135

 
183

 

 
1,912

Total residential mortgage
3,285,904

 
1,786,272

 
666,745

 
91,688

 
5,830,609

Other consumer
 
 
 
 
 
 
 
 
 
Other consumer
195,128

 
187,781

 
30,582

 
209

 
413,700

Purchased credit-impaired

 
51

 

 

 
51

Total other consumer
$
195,128

 
$
187,832

 
$
30,582

 
$
209

 
$
413,751


(1)
Reflects most recent customer credit scores.
(2)
Reflects deferred fees and costs, loans in process, loans to legal entities, etc.
Summarized data for impaired loans and the related ALLL by portfolio segment
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 for the years ended December 31, 2015 and 2014 (1):
(dollar amounts in thousands)
Commercial
and
Industrial
 
Commercial
Real Estate
 
Automobile
 
Home
Equity
 
Residential
Mortgage
 
Other
Consumer
 
Total
ALL at December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
Portion of ALLL balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Attributable to purchased credit-impaired loans
$
2,602

 
$

 
$

 
$

 
$
127

 
$

 
$
2,729

Attributable to loans individually evaluated for impairment
19,314

 
8,114

 
1,779

 
16,242

 
16,811

 
176

 
62,436

Attributable to loans collectively evaluated for impairment
276,830

 
91,893

 
47,725

 
67,429

 
24,708

 
24,093

 
532,678

Total ALLL balance
$
298,746

 
$
100,007

 
$
49,504

 
$
83,671

 
$
41,646

 
$
24,269

 
$
597,843

Loan and Lease Ending Balances at December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
Portion of loan and lease ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Attributable to purchased credit-impaired loans
$
21,017

 
$
13,758

 
$

 
$

 
$
1,454

 
$
52

 
$
36,281

Individually evaluated for impairment
481,033

 
144,977

 
31,304

 
248,839

 
366,995

 
4,640

 
1,277,788

Collectively evaluated for impairment
20,057,784

 
5,109,916

 
9,449,374

 
8,221,643

 
5,629,951

 
558,362

 
49,027,030

Total loans and leases evaluated for impairment
$
20,559,834


$
5,268,651


$
9,480,678


$
8,470,482


$
5,998,400


$
563,054


$
50,341,099

Portion of ending balance of impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
With allowance assigned to the loan and lease balances
$
246,249

 
$
90,475

 
$
31,304

 
$
248,839

 
$
368,449

 
$
4,640

 
$
989,956

With no allowance assigned to the loan and lease balances
255,801

 
68,260

 

 

 

 
52

 
324,113

Total
$
502,050

 
$
158,735

 
$
31,304

 
$
248,839

 
$
368,449

 
$
4,692

 
$
1,314,069

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average balance of impaired loans
$
382,051

 
$
202,192

 
$
30,163

 
$
292,014

 
$
373,573

 
$
4,726

 
$
1,284,719

ALLL on impaired loans
21,916

 
8,114

 
1,779

 
16,242

 
16,938

 
176

 
65,165

(dollar amounts in thousands)
Commercial
and
Industrial
 
Commercial
Real Estate
 
Automobile
 
Home
Equity
 
Residential
Mortgage
 
Other
Consumer
 
Total
ALLL at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Portion of ALLL balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Attributable to purchased credit-impaired loans
$
3,846

 
$

 
$

 
$

 
$
8

 
$
245

 
$
4,099

Attributable to loans individually evaluated for impairment
11,049

 
18,887

 
1,531

 
26,027

 
16,535

 
214

 
74,243

Attributable to loans collectively evaluated for impairment
272,100

 
83,952

 
31,935

 
70,386

 
30,668

 
37,813

 
526,854

Total ALLL balance:
$
286,995

 
$
102,839

 
$
33,466

 
$
96,413

 
$
47,211

 
$
38,272

 
$
605,196

Loan and Lease Ending Balances at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Portion of loan and lease ending balances:
 
 
 
 
 
 
 
 
 
 
 
 
 
Attributable to purchased credit-impaired loans
$
23,228

 
$
38,371

 
$

 
$

 
$
1,912

 
$
51

 
$
63,562

Individually evaluated for impairment
216,993

 
217,262

 
30,612

 
310,446

 
369,577

 
4,088

 
1,148,978

Collectively evaluated for impairment
18,792,925

 
4,941,770

 
8,659,290

 
8,180,469

 
5,459,120

 
409,612

 
46,443,186

Total loans and leases evaluated for impairment
$
19,033,146

 
$
5,197,403

 
$
8,689,902

 
$
8,490,915

 
$
5,830,609

 
$
413,751

 
$
47,655,726

Portion of ending balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
With allowance assigned to the loan and lease balances
$
202,376

 
$
144,162

 
$
30,612

 
$
310,446

 
$
371,489

 
$
4,139

 
$
1,063,224

With no allowance assigned to the loan and lease balances
37,845

 
111,471

 

 

 

 

 
149,316

Total
$
240,221

 
$
255,633

 
$
30,612

 
$
310,446

 
$
371,489

 
$
4,139

 
$
1,212,540

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average balance of impaired loans
$
174,316

 
$
511,590

 
$
34,637

 
$
258,881

 
$
384,026

 
$
2,879

 
$
1,366,329

ALLL on impaired loans
14,895

 
18,887

 
1,531

 
26,027

 
16,543

 
459

 
78,342

Detailed impaired loan information by class
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 loans and leases individually evaluated for impairment and purchased credit-impaired loans for the years ended December 31, 2015 and 2014 (1), (2):

 
 
 
 
 
 
 
Year Ended
 
December 31, 2015
 
December 31, 2015
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (5)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial:
 
 
 
 
 
 
 
 
 
Owner occupied
$
57,832

 
$
65,812

 
$

 
$
30,672

 
$
520

Purchased credit-impaired

 

 

 

 

Other commercial and industrial
197,969

 
213,739

 

 
83,717

 
2,064

Total commercial and industrial
255,801

 
279,551

 
$

 
114,389

 
2,584

Commercial real estate:
 
 
 
 
 
 
 
 
 
Retail properties
42,009

 
54,021

 

 
48,903

 
2,031

Multi family

 

 

 

 

Office
9,030

 
12,919

 

 
7,767

 
309

Industrial and warehouse
1,720

 
1,741

 

 
777

 
47

Purchased credit-impaired
13,758

 
55,358

 

 
28,168

 
4,707

Other commercial real estate
1,743

 
1,775

 

 
2,558

 
105

Total commercial real estate
68,260

 
125,814

 

 
88,173

 
7,199

Other consumer
 
 
 
 
 
 
 
 
 
Other consumer

 

 

 

 

Purchased credit-impaired
52

 
101

 

 
51

 
17

Total other consumer
$
52

 
$
101

 
$

 
$
51

 
$
17

 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial: (3)
 
 
 
 
 
 
 
 
 
Owner occupied
$
54,092

 
$
62,527

 
$
4,171

 
$
54,785

 
$
1,985

Purchased credit-impaired
21,017

 
30,676

 
2,602

 
21,046

 
7,190

Other commercial and industrial
171,140

 
181,000

 
15,143

 
191,831

 
5,935

Total commercial and industrial
246,249

 
274,203

 
21,916

 
267,662

 
15,110

Commercial real estate: (4)
 
 
 
 
 
 
 
 
 
Retail properties
9,096

 
11,121

 
1,190

 
31,636

 
1,204

Multi family
34,349

 
37,208

 
1,593

 
17,043

 
740

Office
14,365

 
17,350

 
1,177

 
31,148

 
1,301

Industrial and warehouse
9,721

 
10,550

 
1,540

 
7,311

 
301

Purchased credit-impaired

 

 

 

 

Other commercial real estate
22,944

 
28,701

 
2,614

 
26,881

 
1,287

Total commercial real estate
90,475

 
104,930

 
8,114

 
114,019

 
4,833

Automobile
31,304

 
31,878

 
1,779

 
30,163

 
2,224

Home equity:
 
 
 
 
 
 
 
 
 
Secured by first-lien
52,672

 
57,224

 
4,359

 
108,942

 
4,186

Secured by junior-lien
196,167

 
227,733

 
11,883

 
183,072

 
8,906

Total home equity
248,839

 
284,957

 
16,242

 
292,014

 
13,092

Residential mortgage (6):
 
 
 
 
 
 
 
 
 
Residential mortgage
366,995

 
408,925

 
16,811

 
371,756

 
12,391

Purchased credit-impaired
1,454

 
2,189

 
127

 
1,817

 
498

Total residential mortgage
368,449

 
411,114

 
16,938

 
373,573

 
12,889

Other consumer:
 
 
 
 
 
 
 
 
 
Other consumer
4,640

 
4,649

 
176

 
4,675

 
254

Purchased credit-impaired

 

 

 

 

Total other consumer
$
4,640

 
$
4,649

 
$
176

 
$
4,675

 
$
254

 
 
 
 
 
 
 
 
Year Ended
 
December 31, 2014
 
December 31, 2014
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (5)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial:
 
 
 
 
 
 
 
 
 
Owner occupied
$
13,536

 
$
13,536

 
$

 
$
5,740

 
$
205

Purchased credit-impaired

 

 

 

 

Other commercial and industrial
24,309

 
26,858

 

 
7,536

 
375

Total commercial and industrial
37,845

 
40,394

 

 
13,276

 
580

Commercial real estate:
 
 
 
 
 
 
 
 
 
Retail properties
61,915

 
91,627

 

 
53,121

 
2,454

Multi family

 

 

 

 

Office
1,130

 
3,574

 

 
3,709

 
311

Industrial and warehouse
3,447

 
3,506

 

 
5,012

 
248

Purchased credit-impaired
38,371

 
91,075

 

 
59,424

 
11,519

Other commercial real estate
6,608

 
6,815

 

 
6,598

 
286

Total commercial real estate
111,471

 
196,597

 

 
127,864

 
14,818

Automobile

 

 

 

 

Home equity:
 
 
 
 
 
 
 
 
 
Secured by first-lien

 

 

 

 

Secured by junior-lien

 

 

 

 

Total home equity

 

 

 

 

Residential mortgage:
 
 
 
 
 
 
 
 
 
Residential mortgage

 

 

 

 

Purchased credit-impaired

 

 

 

 

Total residential mortgage

 

 

 

 

Other consumer:
 
 
 
 
 
 
 
 
 
Other consumer

 

 

 

 

Purchased credit-impaired

 

 

 

 

Total other consumer
$

 
$

 
$

 
$

 
$

With an allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial and industrial: (3)
 
 
 
 
 
 
 
 
 
Owner occupied
$
44,869

 
$
53,639

 
$
4,220

 
$
40,192

 
$
1,557

Purchased credit-impaired
23,228

 
35,307

 
3,846

 
32,253

 
6,973

Other commercial and industrial
134,279

 
162,908

 
6,829

 
88,595

 
2,686

Total commercial and industrial
202,376

 
251,854

 
14,895

 
161,040

 
11,216

Commercial real estate: (4)
 
 
 
 
 
 
 
 
 
Retail properties
37,081

 
38,397

 
3,536

 
63,393

 
1,983

Multi family
17,277

 
23,725

 
2,339

 
16,897

 
659

Office
52,953

 
56,268

 
8,399

 
52,831

 
2,381

Industrial and warehouse
8,888

 
10,396

 
720

 
9,092

 
274

Purchased credit-impaired

 

 

 

 

Other commercial real estate
27,963

 
33,472

 
3,893

 
241,513

 
1,831

Total commercial real estate
144,162

 
162,258

 
18,887

 
383,726

 
7,128

Automobile
30,612

 
32,483

 
1,531

 
34,637

 
2,637

Home equity:
 
 
 
 
 
 
 
 
 
Secured by first-lien
145,566

 
157,978

 
8,296

 
126,602

 
5,496

Secured by junior-lien
164,880

 
208,118

 
17,731

 
132,279

 
6,379

Total home equity
310,446

 
366,096

 
26,027

 
258,881

 
11,875

Residential mortgage: (6)
 
 
 
 
 
 
 
 
 
Residential mortgage
369,577

 
415,280

 
16,535

 
381,745

 
11,594

Purchased credit-impaired
1,912

 
3,096

 
8

 
2,281

 
574

Total residential mortgage
371,489

 
418,376

 
16,543

 
384,026

 
12,168

Other consumer:
 
 
 
 
 
 
 
 
 
Other consumer
4,088

 
4,209

 
214

 
2,796

 
202

Purchased credit-impaired
51

 
123

 
245

 
83

 
15

Total other consumer
$
4,139

 
$
4,332

 
$
459

 
$
2,879

 
$
217

 
(1)
These tables do not include loans fully charged-off.
(2)
All automobile, home equity, residential mortgage, and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR.
(3)
At December 31, 2015, $91 million of the $246 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2014, $63 million of the $202 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR.
(4)
At December 31, 2015, $35 million of the $90 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2014, $27 million of the $144 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR.
(5)
The differences between the ending balance and unpaid principal balance amounts represent partial charge-offs.
(6)
At December 31, 2015, $29 million of the $368 million residential mortgage loans with an allowance recorded were guaranteed by the U.S. government. At December 31, 2014, $24 million of the $371 million residential mortgage loans with an allowance recorded were guaranteed by the U.S. government.
Detailed troubled debt restructuring information by class
The following table presents by class and by the reason for the modification the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the years ended December 31, 2015 and 2014:
 
 
New Troubled Debt Restructurings During The Year Ended (1)
 
December 31, 2015
 
December 31, 2014
(dollar amounts in thousands)
Number of
Contracts
 
Post-modification
Outstanding
Ending
Balance
 
Financial effects
of modification(2)
 
Number of
Contracts
 
Post-modification
Outstanding
Balance
 
Financial effects
of modification(2)
C&I—Owner occupied: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
4

 
$
372

 
$
(3
)
 
19

 
$
2,484

 
$
20

Amortization or maturity date change
222

 
103,686

 
(2,089
)
 
97

 
32,145

 
336

Other
4

 
661

 
(22
)
 
7

 
2,051

 
(36
)
Total C&I—Owner occupied
230

 
104,719

 
(2,114
)
 
123

 
36,680

 
320

C&I—Other commercial and industrial: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
9

 
7,871

 
(1,039
)
 
25

 
50,534

 
(1,982
)
Amortization or maturity date change
543

 
420,670

 
(3,764
)
 
285

 
149,339

 
(2,407
)
Other
12

 
29,181

 
(427
)
 
21

 
7,613

 
(7
)
Total C&I—Other commercial and industrial
564

 
457,722

 
(5,230
)
 
331

 
207,486

 
(4,396
)
CRE—Retail properties: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
2

 
1,803

 
(11
)
 
5

 
11,381

 
420

Amortization or maturity date change
23

 
16,377

 
(1,658
)
 
24

 
27,415

 
(267
)
Other

 

 

 
9

 
13,765

 
(35
)
Total CRE—Retail properties
25

 
18,180

 
(1,669
)
 
38

 
52,561

 
118

CRE—Multi family: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
1

 
90

 

 
20

 
3,484

 
(75
)
Amortization or maturity date change
50

 
35,369

 
(1,843
)
 
40

 
9,791

 
197

Other
8

 
216

 
(6
)
 
8

 
5,016

 
57

Total CRE—Multi family
59

 
35,675

 
(1,849
)
 
68

 
18,291

 
179

CRE—Office: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
1

 
356

 
7

 
2

 
120

 
(1
)
Amortization or maturity date change
30

 
73,148

 
902

 
22

 
18,157

 
(424
)
Other
1

 
30

 
(2
)
 
5

 
35,476

 
(3,153
)
Total CRE—Office
32

 
73,534

 
907

 
29

 
53,753

 
(3,578
)
CRE—Industrial and warehouse: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
2

 
4,046

 

Amortization or maturity date change
13

 
6,383

 
1,279

 
17

 
9,187

 
164

Other

 

 

 
1

 
977

 

Total CRE—Industrial and Warehouse
13

 
6,383

 
1,279

 
20

 
14,210

 
164

CRE—Other commercial real estate: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
8

 
5,224

 
146

Amortization or maturity date change
27

 
9,961

 
71

 
55

 
76,353

 
(2,789
)
Other
2

 
234

 
(22
)
 
4

 
1,809

 
(127
)
Total CRE—Other commercial real estate
29

 
10,195

 
49

 
67

 
83,386

 
(2,770
)
Automobile: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
41

 
121

 
5

 
92

 
758

 
15

Amortization or maturity date change
1,591

 
12,268

 
533

 
1,880

 
12,120

 
151

Chapter 7 bankruptcy
926

 
7,390

 
423

 
625

 
4,938

 
66

Other

 

 

 

 

 

Total Automobile
2,558

 
19,779

 
961

 
2,597

 
17,816

 
232

Residential mortgage: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
15

 
1,565

 
(61
)
 
27

 
3,692

 
19

Amortization or maturity date change
518

 
57,859

 
(455
)
 
333

 
44,027

 
552

Chapter 7 bankruptcy
139

 
14,183

 
(164
)
 
182

 
18,635

 
715

Other
11

 
1,266

 

 
5

 
526

 
5

Total Residential mortgage
683

 
74,873

 
(680
)
 
547

 
66,880

 
1,291

First-lien home equity: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
37

 
3,665

 
112

 
193

 
15,172

 
764

Amortization or maturity date change
204

 
19,005

 
(953
)
 
289

 
23,272

 
(1,051
)
Chapter 7 bankruptcy
117

 
7,350

 
428

 
105

 
7,296

 
727

Other

 

 

 

 

 

Total First-lien home equity
358

 
30,020

 
(413
)
 
587

 
45,740

 
440

Junior-lien home equity: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
18

 
734

 
49

 
187

 
6,960

 
296

Amortization or maturity date change
1,387

 
60,018

 
(9,686
)
 
1,467

 
58,129

 
(6,955
)
Chapter 7 bankruptcy
213

 
2,505

 
3,843

 
201

 
3,014

 
3,141

Other

 

 

 

 

 

Total Junior-lien home equity
1,618

 
63,257

 
(5,794
)
 
1,855

 
68,103

 
(3,518
)
Other consumer: (3)
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
1

 
96

 
3

 
7

 
123

 
3

Amortization or maturity date change
10

 
198

 
8

 
48

 
1,803

 
12

Chapter 7 bankruptcy
11

 
69

 
9

 
25

 
483

 
(50
)
Other

 

 

 

 

 

Total Other consumer
22

 
363

 
20

 
80

 
2,409

 
(35
)
Total new troubled debt restructurings
6,191

 
$
894,700

 
$
(14,533
)
 
6,342

 
$
667,315

 
$
(11,553
)

(1)
TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower.
(2)
Amounts represent the financial impact via provision (recovery) for loan and lease losses as a result of the modification.
(3)
Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant.
Any loan within any portfolio or class is considered as payment redefaulted at 90-days past due.
The following table presents TDRs that have redefaulted within one year of modification during the years ended December 31, 2015 and 2014:
 
 
Troubled Debt Restructurings That Have Redefaulted
Within One Year of Modification During The Year Ended
 
December 31, 2015 (1)
 
December 31, 2014 (1)
(dollar amounts in thousands)
Number of
Contracts
 
Ending
Balance
 
Number of
Contracts
 
Ending
Balance
C&I—Owner occupied:
 
 
 
 
 
 
 
Interest rate reduction
1

 
$
110

 

 
$

Amortization or maturity date change
7

 
1,440

 
6

 
946

Other

 

 
1

 
230

Total C&I—Owner occupied
8

 
1,550

 
7

 
1,176

C&I—Other commercial and industrial:
 
 
 
 
 
 
 
Interest rate reduction
1

 
27

 
1

 
30

Amortization or maturity date change
29

 
3,566

 
14

 
1,555

Other

 

 
3

 
37

Total C&I—Other commercial and industrial
30

 
3,593

 
18

 
1,622

CRE—Retail Properties:
 
 
 
 
 
 
 
Interest rate reduction
1

 
47

 

 

Amortization or maturity date change
3

 
8,020

 
1

 
483

Other

 

 

 

Total CRE—Retail properties
4

 
8,067

 
1

 
483

CRE—Multi family:
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

Amortization or maturity date change
10

 
1,354

 
4

 
2,827

Other
1

 
140

 
1

 
176

Total CRE—Multi family
11

 
1,494

 
5

 
3,003

CRE—Office:
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

Amortization or maturity date change
3

 
2,984

 
3

 
1,738

Other

 

 

 

Total CRE—Office
3

 
2,984

 
3

 
1,738

CRE—Industrial and Warehouse:
 
 
 
 
 
 
 
Interest rate reduction

 

 
1

 
1,339

Amortization or maturity date change
2

 
822

 
1

 
756

Other

 

 

 

Total CRE—Industrial and Warehouse
2

 
822

 
2

 
2,095

CRE—Other commercial real estate:
 
 
 
 
 
 
 
Interest rate reduction

 

 
1

 
169

Amortization or maturity date change
1

 
93

 
2

 
758

Other

 

 

 

Total CRE—Other commercial real estate
1

 
93

 
3

 
927

Automobile:
 
 
 
 
 
 
 
Interest rate reduction
1

 
4

 

 

Amortization or maturity date change
41

 
423

 
40

 
328

Chapter 7 bankruptcy
21

 
172

 
53

 
374

Other

 

 

 

Total Automobile
63

 
599

 
93

 
702

Residential mortgage:
 
 
 
 
 
 
 
Interest rate reduction
3

 
239

 
11

 
1,516

Amortization or maturity date change
73

 
6,776

 
82

 
8,974

Chapter 7 bankruptcy
8

 
843

 
37

 
3,187

Other

 

 

 

Total Residential mortgage
84

 
7,858

 
130

 
13,677

First-lien home equity:
 
 
 
 
 
 
 
Interest rate reduction
4

 
387

 
5

 
335

Amortization or maturity date change
4

 
258

 
16

 
2,109

Chapter 7 bankruptcy
28

 
2,283

 
16

 
1,005

Other

 

 

 

Total First-lien home equity
36

 
2,928

 
37

 
3,449

Junior-lien home equity:
 
 
 
 
 
 
 
Interest rate reduction
3

 
411

 
1

 
11

Amortization or maturity date change
41

 
1,644

 
31

 
1,841

Chapter 7 bankruptcy
18

 
401

 
39

 
620

Other

 

 

 

Total Junior-lien home equity
62

 
2,456

 
71

 
2,472

Other consumer:
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

Amortization or maturity date change

 

 

 

Chapter 7 bankruptcy

 

 

 

Other

 

 

 

Total Other consumer

 

 

 

Total troubled debt restructurings with subsequent redefault
304

 
$
32,444

 
370

 
$
31,344

 
(1)
Subsequent redefault is defined as a payment redefault within 12 months of the restructuring date. Payment redefault is defined as 90-days past due for any loan in any portfolio or class. Any loan in any portfolio may be considered to be in payment redefault prior to the guidelines noted above when collection of principal or interest is in doubt.