Loans and Leases and Allowance for Credit Losses (Tables)
|
9 Months Ended |
Sep. 30, 2011 |
|---|
| Loans / Leases and Allowance for Credit Losses [Abstract] |
|
| Loan and Lease Portfolio |
The following table provides a detail listing of Huntington's loan and lease portfolio at September 30, 2011, December 31, 2010, and September 30, 2010:
| |
|
|
|
|
September 30, |
|
|
December 31, |
|
|
September 30, |
| (dollar amounts in thousands) |
|
2011 |
|
|
2010 |
|
|
2010 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Loans and leases: |
|
|
|
|
|
|
|
|
| |
|
Commercial and industrial |
$ |
13,938,885 |
|
$ |
13,063,293 |
|
$ |
12,424,529 |
| |
|
Commercial real estate |
|
5,934,444 |
|
|
6,651,156 |
|
|
6,912,573 |
| |
|
Automobile |
|
5,558,415 |
|
|
5,614,711 |
|
|
5,385,196 |
| |
|
Home equity |
|
8,078,887 |
|
|
7,713,154 |
|
|
7,689,420 |
| |
|
Residential mortgage |
|
4,986,023 |
|
|
4,500,366 |
|
|
4,511,272 |
| |
|
Other consumer |
|
515,240 |
|
|
563,827 |
|
|
577,597 |
| |
Loans and leases |
|
39,011,894 |
|
|
38,106,507 |
|
|
37,500,587 |
| |
Allowance for loan and lease losses |
|
(1,019,710) |
|
|
(1,249,008) |
|
|
(1,336,352) |
| Net loans and leases |
$ |
37,992,184 |
|
$ |
36,857,499 |
|
$ |
36,164,235 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Purchases and Sales |
The following table summarizes significant portfolio loan purchase and sale activity for the nine-month period ended September 30, 2011:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
| |
and Industrial |
Real Estate |
Automobile
|
Equity |
Mortgage |
Consumer |
Total |
| |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portfolio loans purchased during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three-month period ended September 30, 2011 |
$ |
--- |
$ |
--- |
$ |
59,578(1)
|
$ |
--- |
$ |
--- |
$ |
--- |
$ |
59,578 |
| |
|
Nine-month period ended September 30, 2011 |
|
--- |
|
--- |
|
59,578(1)
|
|
--- |
|
--- |
|
--- |
|
59,578 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portfolio loans sold or transferred to loans held for sale during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three-month period ended September 30, 2011 |
|
48,530 |
|
--- |
|
1,000,033
|
|
--- |
|
--- |
|
--- |
|
1,048,563 |
| |
|
Nine-month period ended September 30, 2011 |
|
204,012 |
|
56,123 |
|
1,000,033
|
|
--- |
|
170,757 |
|
--- |
|
1,430,925 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Reflected the purchase of $59.6 million of automobile loans as a result of exercising a clean-up call option related to loans previously sold under Huntington's automobile loan sale program. |
|
| NALs and Past Due Loans |
The following table presents NALs by loan class:
| |
|
|
2011 |
|
2010 |
| (dollar amounts in thousands) |
|
September 30, |
|
December 31, |
| |
|
|
|
|
|
| Commercial and industrial: |
|
|
|
|
| |
Owner occupied |
$ |
98,998 |
$ |
138,822 |
| |
Other commercial and industrial |
|
110,634 |
|
207,898 |
| Total commercial and industrial |
|
209,632 |
|
346,720 |
| |
|
|
|
|
|
| Commercial real estate: |
|
|
|
|
| |
Retail properties |
|
51,342 |
|
96,644 |
| |
Multi family |
|
38,301 |
|
44,819 |
| |
Office |
|
37,010 |
|
47,950 |
| |
Industrial and warehouse |
|
49,102 |
|
39,770 |
| |
Other commercial real estate |
|
81,331 |
|
134,509 |
| Total commercial real estate |
|
257,086 |
|
363,692 |
| |
|
|
|
|
|
| Automobile |
|
--- |
|
--- |
| Home equity: |
|
|
|
|
| |
Secured by first-lien |
|
17,771 |
|
10,658 |
| |
Secured by second-lien |
|
19,385 |
|
11,868 |
| Residential mortgage |
|
61,129 |
|
45,010 |
| Other consumer |
|
--- |
|
--- |
| Total nonaccrual loans |
$ |
565,003 |
$ |
777,948 |
|
| Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases, including past due loans, by loan class: (1)
|
September 30, 2011
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 or more
|
| (dollar amounts in thousands) |
Past Due |
|
|
|
Total Loans |
|
days past due
|
| |
30-59 Days |
60-89 Days |
90 or more days |
Total |
|
Current |
and Leases |
|
and accruing
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Owner occupied |
$ |
16,165 |
$ |
7,883 |
$ |
63,265 |
$ |
87,313 |
|
$ |
3,890,718 |
$ |
3,978,031 |
|
$ |
---
|
| |
Other commercial and industrial |
|
16,426 |
|
7,776 |
|
63,410 |
|
87,612 |
|
|
9,873,242 |
|
9,960,854 |
|
|
---
|
| Total commercial and industrial |
$ |
32,591 |
$ |
15,659 |
$ |
126,675 |
$ |
174,925 |
|
$ |
13,763,960 |
$ |
13,938,885 |
|
$ |
---
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Retail properties |
$ |
9,160 |
$ |
8,919 |
$ |
33,148 |
$ |
51,227 |
|
$ |
1,597,313 |
$ |
1,648,540 |
|
$ |
---
|
| |
Multi family |
|
7,884 |
|
1,181 |
|
27,229 |
|
36,294 |
|
|
968,020 |
|
1,004,314 |
|
|
---
|
| |
Office |
|
1,252 |
|
706 |
|
31,729 |
|
33,687 |
|
|
977,554 |
|
1,011,241 |
|
|
---
|
| |
Industrial and warehouse |
|
2,775 |
|
1,175 |
|
25,384 |
|
29,334 |
|
|
704,663 |
|
733,997 |
|
|
---
|
| |
Other commercial real estate |
|
12,862 |
|
13,166 |
|
59,853 |
|
85,881 |
|
|
1,450,471 |
|
1,536,352 |
|
|
---
|
| Total commercial real estate |
$ |
33,933 |
$ |
25,147 |
$ |
177,343 |
$ |
236,423 |
|
$ |
5,698,021 |
$ |
5,934,444 |
|
$ |
---
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Automobile |
$ |
38,866 |
|
9,699 |
$ |
5,722 |
$ |
54,287 |
|
$ |
5,504,128 |
$ |
5,558,415 |
|
$ |
5,722
|
| Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Secured by first-lien |
|
20,043 |
|
8,972 |
|
27,333 |
|
56,348 |
|
|
3,532,416 |
|
3,588,764 |
|
|
9,561
|
| |
Secured by second-lien |
|
29,642 |
|
15,108 |
|
30,243 |
|
74,993 |
|
|
4,415,130 |
|
4,490,123 |
|
|
10,859
|
| Residential mortgage |
|
144,074 |
|
46,791 |
|
172,435 |
|
363,300 |
|
|
4,622,723 |
|
4,986,023 |
|
|
117,263(2)
|
| Other consumer |
|
6,455 |
|
1,972 |
|
2,033 |
|
10,460 |
|
|
504,780 |
|
515,240 |
|
|
2,033
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2010
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 or more
|
| (dollar amounts in thousands) |
Past Due |
|
|
|
Total Loans |
|
days past due
|
| |
30-59 Days |
60-89 Days |
90 or more days |
Total |
|
Current |
and Leases |
|
and accruing
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Owner occupied |
$ |
16,393 |
$ |
9,084 |
$ |
80,114 |
$ |
105,591 |
|
$ |
3,717,872 |
$ |
3,823,463 |
|
$ |
---
|
| |
Other commercial and industrial |
|
34,723 |
|
35,698 |
|
110,491 |
|
180,912 |
|
|
9,058,918 |
|
9,239,830 |
|
|
---
|
| Total commercial and industrial |
$ |
51,116 |
$ |
44,782 |
$ |
190,605 |
$ |
286,503 |
|
$ |
12,776,790 |
$ |
13,063,293 |
|
$ |
---
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Retail properties |
$ |
23,726 |
$ |
694 |
$ |
72,856 |
$ |
97,276 |
|
$ |
1,664,941 |
$ |
1,762,217 |
|
$ |
---
|
| |
Multi family |
|
8,993 |
|
8,227 |
|
31,519 |
|
48,739 |
|
|
1,072,877 |
|
1,121,616 |
|
|
---
|
| |
Office |
|
20,888 |
|
6,032 |
|
36,401 |
|
63,321 |
|
|
1,059,806 |
|
1,123,127 |
|
|
---
|
| |
Industrial and warehouse |
|
4,073 |
|
7,782 |
|
13,006 |
|
24,861 |
|
|
828,091 |
|
852,952 |
|
|
---
|
| |
Other commercial real estate |
|
45,792 |
|
9,243 |
|
91,718 |
|
146,753 |
|
|
1,644,491 |
|
1,791,244 |
|
|
---
|
| Total commercial real estate |
$ |
103,472 |
$ |
31,978 |
$ |
245,500 |
$ |
380,950 |
|
$ |
6,270,206 |
$ |
6,651,156 |
|
$ |
---
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Automobile |
$ |
47,981 |
$ |
12,246 |
$ |
7,721 |
$ |
67,948 |
|
$ |
5,546,763 |
$ |
5,614,711 |
|
$ |
7,721
|
| Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Secured by first-lien |
|
14,810 |
|
8,166 |
|
18,630 |
|
41,606 |
|
|
2,999,146 |
|
3,040,752 |
|
|
7,972
|
| |
Secured by second-lien |
|
36,488 |
|
16,551 |
|
27,392 |
|
80,431 |
|
|
4,591,971 |
|
4,672,402 |
|
|
15,525
|
| Residential mortgage |
|
115,290 |
|
57,580 |
|
197,280 |
|
370,150 |
|
|
4,130,216 |
|
4,500,366 |
|
|
152,271(3)
|
| Other consumer |
|
7,204 |
|
2,280 |
|
2,456 |
|
11,940 |
|
|
551,887 |
|
563,827 |
|
|
2,456
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
NALs are included in this aging analysis based on the loan's past due status.
|
| (2) |
Includes $84,413 thousand guaranteed by the U.S. government.
|
| (3) |
Includes $98,288 thousand 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 three-month and nine-month periods ended September 30, 2011:
| |
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
| |
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
| (dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three-month period ended September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL balance, beginning of period |
$ |
281,016 |
$ |
463,874 |
$ |
55,428 |
$ |
146,444 |
$ |
98,992 |
$ |
25,372 |
$ |
1,071,126 |
| |
|
Loan charge-offs |
|
(28,624) |
|
(29,621) |
|
(8,087) |
|
(27,916) |
|
(13,422) |
|
(8,229) |
|
(115,899) |
| |
|
Recoveries of loans previously charged-off |
|
10,733 |
|
5,181 |
|
4,224 |
|
1,694 |
|
1,860 |
|
1,652 |
|
25,344 |
| |
|
Provision for loan and lease losses |
|
22,129 |
|
(20,539) |
|
4,565 |
|
19,394 |
|
11,544 |
|
8,774 |
|
45,867 |
| |
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(6,728) |
|
--- |
|
--- |
|
--- |
|
(6,728) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL balance, end of period |
$ |
285,254 |
$ |
418,895 |
$ |
49,402 |
$ |
139,616 |
$ |
98,974 |
$ |
27,569 |
$ |
1,019,710 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
AULC balance, beginning of period |
$ |
31,341 |
$ |
6,632 |
$ |
--- |
$ |
2,249 |
$ |
1 |
$ |
837 |
$ |
41,060 |
| |
|
Provision for unfunded loan commitments and letters of credit |
|
(882) |
|
(1,316) |
|
--- |
|
(67) |
|
--- |
|
(16) |
|
(2,281) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
AULC balance, end of period |
$ |
30,459 |
$ |
5,316 |
$ |
--- |
$ |
2,182 |
$ |
1 |
$ |
821 |
$ |
38,779 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ACL balance, end of period |
$ |
315,713 |
$ |
424,211 |
$ |
49,402 |
$ |
141,798 |
$ |
98,975 |
$ |
28,390 |
$ |
1,058,489 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nine-month period ended September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL balance, beginning of period |
$ |
340,614 |
$ |
588,251 |
$ |
49,488 |
$ |
150,630 |
$ |
93,289 |
$ |
26,736 |
$ |
1,249,008 |
| |
|
Loan charge-offs |
|
(110,590) |
|
(146,991) |
|
(24,939) |
|
(83,598) |
|
(53,773) |
|
(23,716) |
|
(443,607) |
| |
|
Recoveries of loans previously charged-off |
|
31,804 |
|
27,273 |
|
14,109 |
|
5,220 |
|
6,824 |
|
5,205 |
|
90,435 |
| |
|
Provision for loan and lease losses |
|
23,426 |
|
(49,638) |
|
17,472 |
|
67,364 |
|
54,148 |
|
19,344 |
|
132,116 |
| |
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(6,728) |
|
--- |
|
(1,514) |
|
--- |
|
(8,242) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL balance, end of period |
$ |
285,254 |
$ |
418,895 |
$ |
49,402 |
$ |
139,616 |
$ |
98,974 |
$ |
27,569 |
$ |
1,019,710 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
AULC balance, beginning of period |
$ |
32,726 |
$ |
6,158 |
$ |
--- |
$ |
2,348 |
$ |
1 |
$ |
894 |
$ |
42,127 |
| |
|
Provision for unfunded loan commitments and letters of credit |
|
(2,267) |
|
(842) |
|
--- |
|
(166) |
|
--- |
|
(73) |
|
(3,348) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
AULC balance, end of period |
$ |
30,459 |
$ |
5,316 |
$ |
--- |
$ |
2,182 |
$ |
1 |
$ |
821 |
$ |
38,779 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ACL balance, end of period |
$ |
315,713 |
$ |
424,211 |
$ |
49,402 |
$ |
141,798 |
$ |
98,975 |
$ |
28,390 |
$ |
1,058,489 |
|
| Loan and lease balances by credit quality indicator |
The following table presents loan and lease balances by credit quality indicator:
| |
|
September 30, 2011 |
| |
Credit Risk Profile by UCS classification |
| (dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
| |
Owner occupied |
$ |
3,531,028 |
$ |
108,665 |
$ |
337,037 |
$ |
1,301 |
$ |
3,978,031 |
| |
Other commercial and industrial |
|
9,318,615 |
|
204,594 |
|
432,760 |
|
4,885 |
|
9,960,854 |
| Total commercial and industrial |
$ |
12,849,643 |
$ |
313,259 |
$ |
769,797 |
$ |
6,186 |
$ |
13,938,885 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
| |
Retail properties |
$ |
1,303,839 |
$ |
133,512 |
$ |
211,189 |
$ |
- |
$ |
1,648,540 |
| |
Multi family |
|
849,886 |
|
52,630 |
|
101,548 |
|
250 |
|
1,004,314 |
| |
Office |
|
849,981 |
|
91,098 |
|
70,034 |
|
128 |
|
1,011,241 |
| |
Industrial and warehouse |
|
634,183 |
|
26,074 |
|
73,740 |
|
- |
|
733,997 |
| |
Other commercial real estate |
|
1,094,653 |
|
107,116 |
|
333,876 |
|
707 |
|
1,536,352 |
| Total commercial real estate |
$ |
4,732,542 |
$ |
410,430 |
$ |
790,387 |
$ |
1,085 |
$ |
5,934,444 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Credit Risk Profile by FICO score (1) |
| |
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
| Automobile |
$ |
2,552,438 |
$ |
2,200,114 |
$ |
697,307 |
$ |
108,556 |
$ |
5,558,415 |
| Home equity: |
|
|
|
|
|
|
|
|
|
|
| |
Secured by first-lien |
|
2,039,431 |
|
1,219,344 |
|
318,745 |
|
11,244 |
|
3,588,764 |
| |
Secured by second-lien |
|
2,168,899 |
|
1,686,926 |
|
633,704 |
|
594 |
|
4,490,123 |
| Residential mortgage |
|
2,301,637 |
|
1,731,554 |
|
718,477 |
|
234,355 |
|
4,986,023 |
| Other consumer |
|
196,729 |
|
212,512 |
|
84,725 |
|
21,274 |
|
515,240 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2010 |
| |
Credit Risk Profile by UCS classification |
| (dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
| |
Owner occupied |
$ |
3,265,266 |
$ |
159,398 |
$ |
392,969 |
$ |
5,830 |
$ |
3,823,463 |
| |
Other commercial and industrial |
|
8,434,969 |
|
264,679 |
|
524,867 |
|
15,315 |
|
9,239,830 |
| Total commercial and industrial |
$ |
11,700,235 |
$ |
424,077 |
$ |
917,836 |
$ |
21,145 |
$ |
13,063,293 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
| |
Retail properties |
$ |
1,283,667 |
$ |
128,067 |
$ |
350,478 |
$ |
5 |
$ |
1,762,217 |
| |
Multi family |
|
898,935 |
|
78,577 |
|
143,689 |
|
415 |
|
1,121,616 |
| |
Office |
|
867,970 |
|
122,173 |
|
132,833 |
|
151 |
|
1,123,127 |
| |
Industrial and warehouse |
|
668,452 |
|
72,177 |
|
112,323 |
|
- |
|
852,952 |
| |
Other commercial real estate |
|
1,220,708 |
|
88,288 |
|
481,136 |
|
1,112 |
|
1,791,244 |
| Total commercial real estate |
$ |
4,939,732 |
$ |
489,282 |
$ |
1,220,459 |
$ |
1,683 |
$ |
6,651,156 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Credit Risk Profile by FICO score (1) |
| |
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
| Automobile |
$ |
2,516,130 |
$ |
2,267,363 |
$ |
724,584 |
$ |
106,634 |
$ |
5,614,711 |
| Home equity: |
|
|
|
|
|
|
|
|
|
|
| |
Secured by first-lien |
|
1,643,792 |
|
1,082,143 |
|
313,961 |
|
856 |
|
3,040,752 |
| |
Secured by second-lien |
|
2,224,545 |
|
1,768,450 |
|
678,738 |
|
669 |
|
4,672,402 |
| Residential mortgage |
|
1,978,843 |
|
1,580,266 |
|
795,676 |
|
145,581 |
|
4,500,366 |
| Other consumer |
|
206,952 |
|
234,558 |
|
102,254 |
|
20,063 |
|
563,827 |
| |
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Reflects currently updated 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 table presents summarized data for impaired loans and the related ALLL by portfolio segment:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
| |
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ALLL at September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Attributable to loans individually evaluated for impairment |
$ |
31,249 |
$ |
61,472 |
$ |
1,344 |
$ |
1,610 |
$ |
14,757 |
$ |
311 |
$ |
110,743 |
| |
|
Attributable to loans collectively evaluated for impairment |
|
254,005 |
|
357,423 |
|
48,058 |
|
138,006 |
|
84,217 |
|
27,258 |
|
908,967 |
| |
Total ALLL balance at September 30, 2011 |
$ |
285,254 |
$ |
418,895 |
$ |
49,402 |
$ |
139,616 |
$ |
98,974 |
$ |
27,569 |
$ |
1,019,710 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL associated with portfolio loans acquired with deteriorated credit quality |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans and Leases at September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portion of loans and leases at September 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Individually evaluated for impairment |
|
161,939 |
|
400,952 |
|
37,371 |
|
47,877 |
|
325,242 |
|
4,626 |
|
978,007 |
| |
|
Collectively evaluated for impairment |
|
13,776,946 |
|
5,533,492 |
|
5,521,044 |
|
8,031,010 |
|
4,660,781 |
|
510,614 |
|
38,033,887 |
| |
Total loans evaluated for impairment |
$ |
13,938,885 |
$ |
5,934,444 |
$ |
5,558,415 |
$ |
8,078,887 |
$ |
4,986,023 |
$ |
515,240 |
$ |
39,011,894 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portfolio loans acquired with deteriorated credit quality |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Commercial and Industrial |
Commercial Real Estate |
Automobile |
Home Equity |
Residential Mortgage |
Other Consumer |
Total |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ALLL at December 31, 2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portion of ALLL balance at December 31, 2010: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Attributable to loans individually evaluated for impairment |
$ |
63,307 |
$ |
65,130 |
$ |
1,477 |
$ |
1,498 |
$ |
11,780 |
$ |
668 |
$ |
143,860 |
| |
|
Attributable to loans collectively evaluated for impairment |
|
277,307 |
|
523,121 |
|
48,011 |
|
149,132 |
|
81,509 |
|
26,068 |
|
1,105,148 |
| |
ALLL balance at December 31, 2010: |
$ |
340,614 |
$ |
588,251 |
$ |
49,488 |
$ |
150,630 |
$ |
93,289 |
$ |
26,736 |
$ |
1,249,008 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ALLL associated with portfolio loans acquired with deteriorated credit quality |
$ |
--- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans and Leases at December 31, 2010: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portion of loans and leases at December 31, 2010: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Individually evaluated for impairment |
|
198,120 |
|
310,668 |
|
29,764 |
|
37,257 |
|
334,207 |
|
9,565 |
|
919,581 |
| |
|
Collectively evaluated for impairment |
|
12,865,173 |
|
6,340,488 |
|
5,584,947 |
|
7,675,897 |
|
4,166,159 |
|
554,262 |
|
37,186,926 |
| |
Total loans evaluated for impairment |
$ |
13,063,293 |
$ |
6,651,156 |
$ |
5,614,711 |
$ |
7,713,154 |
$ |
4,500,366 |
$ |
563,827 |
$ |
38,106,507 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Portfolio loans acquired with deteriorated credit quality |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Detailed impaired loan information by class |
The following tables present detailed impaired loan information by class: (1), (2)
| |
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
| |
September 30, 2011 |
|
September 30, 2011 |
|
September 30, 2011 |
| |
|
|
|
|
Unpaid |
|
|
|
|
|
Interest |
|
|
|
Interest |
| |
|
|
Ending |
Principal |
Related |
|
Average |
Income |
|
Average |
Income |
| (dollar amounts in thousands) |
Balance |
Balance (5) |
Allowance |
|
Balance |
Recognized |
|
Balance |
Recognized |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Owner occupied |
$ |
10,105 |
$ |
14,456 |
$ |
- |
|
$ |
4,284 |
$ |
122 |
|
$ |
7,121 |
$ |
139 |
| |
|
Other commercial and industrial |
|
3,782 |
|
6,165 |
|
- |
|
|
3,324 |
|
37 |
|
|
6,102 |
|
162 |
| |
Total commercial and industrial |
$ |
13,887 |
$ |
20,621 |
$ |
- |
|
$ |
7,608 |
$ |
159 |
|
$ |
13,223 |
$ |
301 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Retail properties |
$ |
43,746 |
$ |
55,370 |
$ |
- |
|
$ |
29,895 |
$ |
348 |
|
$ |
21,158 |
$ |
362 |
| |
|
Multi family |
|
21,156 |
|
21,345 |
|
- |
|
|
16,187 |
|
188 |
|
|
12,951 |
|
499 |
| |
|
Office |
|
1,105 |
|
1,431 |
|
- |
|
|
1,542 |
|
- |
|
|
1,804 |
|
- |
| |
|
Industrial and warehouse |
|
1,866 |
|
2,908 |
|
- |
|
|
3,098 |
|
36 |
|
|
2,755 |
|
41 |
| |
|
Other commercial real estate |
|
23,032 |
|
42,611 |
|
- |
|
|
27,559 |
|
251 |
|
|
25,988 |
|
609 |
| |
Total commercial real estate |
$ |
90,905 |
$ |
123,665 |
$ |
- |
|
$ |
78,281 |
$ |
823 |
|
$ |
64,656 |
$ |
1,511 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Automobile |
$ |
- |
$ |
- |
$ |
- |
|
$ |
- |
$ |
- |
|
$ |
- |
$ |
- |
| |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Secured by first-lien |
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
| |
|
Secured by second-lien |
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
| |
Residential mortgage |
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
| |
Other consumer |
|
- |
|
- |
|
- |
|
|
- |
|
- |
|
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial and industrial: (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Owner occupied |
$ |
40,311 |
$ |
58,925 |
$ |
5,891 |
|
$ |
49,354 |
$ |
499 |
|
$ |
56,747 |
$ |
1,362 |
| |
|
Other commercial and industrial |
|
107,741 |
|
138,751 |
|
25,358 |
|
|
102,193 |
|
946 |
|
|
99,629 |
|
2,246 |
| |
Total commercial and industrial |
$ |
148,052 |
$ |
197,676 |
$ |
31,249 |
|
$ |
151,547 |
$ |
1,445 |
|
$ |
156,376 |
$ |
3,608 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial real estate: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Retail properties |
$ |
118,010 |
$ |
146,923 |
$ |
29,030 |
|
$ |
99,018 |
$ |
863 |
|
$ |
96,231 |
$ |
1,975 |
| |
|
Multi family |
|
22,365 |
|
29,085 |
|
4,170 |
|
|
23,943 |
|
130 |
|
|
29,348 |
|
625 |
| |
|
Office |
|
24,863 |
|
41,496 |
|
3,490 |
|
|
25,061 |
|
53 |
|
|
27,716 |
|
197 |
| |
|
Industrial and warehouse |
|
50,423 |
|
61,563 |
|
7,141 |
|
|
54,345 |
|
166 |
|
|
44,649 |
|
588 |
| |
|
Other commercial real estate |
|
94,386 |
|
131,350 |
|
17,641 |
|
|
107,635 |
|
873 |
|
|
85,949 |
|
1,510 |
| |
Total commercial real estate |
$ |
310,047 |
$ |
410,417 |
$ |
61,472 |
|
$ |
310,002 |
$ |
2,085 |
|
$ |
283,893 |
$ |
4,895 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Automobile |
$ |
37,371 |
$ |
37,371 |
$ |
1,344 |
|
$ |
33,215 |
$ |
847 |
|
$ |
31,451 |
$ |
2,154 |
| |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Secured by first-lien |
|
32,681 |
|
32,681 |
|
638 |
|
|
27,758 |
|
354 |
|
|
24,734 |
|
816 |
| |
|
Secured by second-lien |
|
15,196 |
|
15,196 |
|
972 |
|
|
14,714 |
|
187 |
|
|
15,746 |
|
550 |
| |
Residential mortgage |
|
325,242 |
|
347,843 |
|
14,757 |
|
|
329,685 |
|
3,038 |
|
|
335,400 |
|
9,848 |
| |
Other consumer |
|
4,626 |
|
4,626 |
|
311 |
|
|
6,768 |
|
41 |
|
|
8,068 |
|
373 |
| |
|
|
|
|
|
|
|
|
|
|
| |
December 31, 2010 |
|
|
| |
|
|
|
|
Unpaid |
|
|
|
|
|
|
| |
|
|
Ending |
Principal |
Related |
|
|
|
| (dollar amounts in thousands) |
Balance |
Balance (5) |
Allowance |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Owner occupied |
$ |
13,750 |
$ |
26,603 |
$ |
--- |
|
|
|
|
|
| |
|
Other commercial and industrial |
|
11,127 |
|
22,688 |
|
--- |
|
|
|
|
|
| |
Total commercial and industrial |
$ |
24,877 |
$ |
49,291 |
$ |
--- |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Retail properties |
$ |
31,972 |
$ |
67,487 |
$ |
--- |
|
|
|
|
|
| |
|
Multi family |
|
5,058 |
|
5,675 |
|
--- |
|
|
|
|
|
| |
|
Office |
|
2,270 |
|
3,562 |
|
--- |
|
|
|
|
|
| |
|
Industrial and warehouse |
|
3,305 |
|
6,912 |
|
--- |
|
|
|
|
|
| |
|
Other commercial real estate |
|
26,807 |
|
58,996 |
|
--- |
|
|
|
|
|
| |
Total commercial real estate |
$ |
69,412 |
$ |
142,632 |
$ |
--- |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Automobile |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
|
|
|
| |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Secured by first-lien |
|
--- |
|
--- |
|
--- |
|
|
|
|
|
| |
|
Secured by second-lien |
|
--- |
|
--- |
|
--- |
|
|
|
|
|
| |
Residential mortgage |
|
--- |
|
--- |
|
--- |
|
|
|
|
|
| |
Other consumer |
|
--- |
|
--- |
|
--- |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Owner occupied |
$ |
63,951 |
$ |
85,279 |
$ |
14,322 |
|
|
|
|
|
| |
|
Other commercial and industrial |
|
109,292 |
|
154,424 |
|
48,986 |
|
|
|
|
|
| |
Total commercial and industrial |
$ |
173,243 |
$ |
239,703 |
$ |
63,308 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Retail properties |
$ |
74,732 |
$ |
120,051 |
$ |
14,846 |
|
|
|
|
|
| |
|
Multi family |
|
38,758 |
|
39,299 |
|
7,760 |
|
|
|
|
|
| |
|
Office |
|
26,595 |
|
31,261 |
|
9,466 |
|
|
|
|
|
| |
|
Industrial and warehouse |
|
34,588 |
|
44,168 |
|
10,453 |
|
|
|
|
|
| |
|
Other commercial real estate |
|
66,583 |
|
104,485 |
|
22,604 |
|
|
|
|
|
| |
Total commercial real estate |
$ |
241,256 |
$ |
339,264 |
$ |
65,129 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Automobile |
$ |
29,764 |
$ |
29,764 |
$ |
1,477 |
|
|
|
|
|
| |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Secured by first-lien |
|
20,553 |
|
20,675 |
|
511 |
|
|
|
|
|
| |
|
Secured by second-lien |
|
16,704 |
|
17,060 |
|
987 |
|
|
|
|
|
| |
Residential mortgage |
|
334,207 |
|
347,571 |
|
11,780 |
|
|
|
|
|
| |
Other consumer |
|
9,565 |
|
9,565 |
|
668 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
These tables do not include loans fully charged-off. |
| (2) |
All automobile, home equity, residential mortgage, and other consumer impaired loans included in the tables below are considered impaired due to their status as a TDR. |
| (3) |
At September 30, 2011, $32,685 thousand of the $148,052 thousand commercial and industrial loans with an allowance recorded were considered impaired due to their status as a TDR. |
| (4) |
At September 30, 2011, $26,916 thousand of the $310,047 thousand commercial real estate loans with an allowance recorded were considered impaired due to their status as a TDR. |
| (5) |
The differences between the ending balance and the unpaid principal balance amounts represent partial charge-offs. |
|
| Detailed troubled debt restructuring information by class |
The following table presents new TDR activity by class for the three-month and nine-month periods ended September 30, 2011:
| |
|
|
New Troubled Debt Restructurings During The |
| |
|
|
Three-Month Period Ended September 30, 2011 |
| |
|
|
|
|
|
|
|
| |
|
|
|
Post-modification |
Net change in |
|
| (dollar amounts in thousands) |
|
Number of |
Outstanding |
ALLL resulting |
|
| |
|
Contracts |
Balance (1) |
from modification |
|
| |
|
|
|
|
|
|
|
|
| C&I - Owner occupied: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
3 |
$ |
638 |
$ |
(68) |
|
| |
Amortization or maturity date change |
|
16 |
|
11,023 |
|
(1,085) |
|
| |
Other |
|
2 |
|
729 |
|
(1) |
|
| Total C&I - Owner occupied |
|
21 |
$ |
12,390 |
$ |
(1,154) |
|
| |
|
|
|
|
|
|
|
|
| C&I - Other commercial and industrial: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
6 |
$ |
18,292 |
$ |
1,225 |
|
| |
Amortization or maturity date change |
|
11 |
|
2,175 |
|
13 |
|
| |
Other |
|
2 |
|
3,027 |
|
64 |
|
| Total C&I - Other commercial and industrial |
|
19 |
$ |
23,494 |
$ |
1,302 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Retail properties: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
2 |
$ |
19,883 |
$ |
5,603 |
|
| |
Amortization or maturity date change |
|
7 |
|
17,984 |
|
1,012 |
|
| |
Other |
|
1 |
|
2,595 |
|
5 |
|
| Total CRE - Retail properties |
|
10 |
$ |
40,462 |
$ |
6,620 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Multi family: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
4 |
$ |
1,275 |
$ |
103 |
|
| |
Amortization or maturity date change |
|
1 |
|
1,066 |
|
(51) |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total CRE - Multi family |
|
5 |
$ |
2,341 |
$ |
52 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Office: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
--- |
$ |
--- |
|
| |
Amortization or maturity date change |
|
--- |
|
--- |
|
--- |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total CRE - Office |
|
--- |
$ |
--- |
$ |
--- |
|
| |
|
|
|
|
|
|
|
|
| CRE - Industrial and warehouse: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
--- |
$ |
--- |
|
| |
Amortization or maturity date change |
|
2 |
|
229 |
|
(2) |
|
| |
Other |
|
1 |
|
2,147 |
|
(145) |
|
| Total CRE - Industrial and Warehouse |
|
3 |
$ |
2,376 |
$ |
(147) |
|
| |
|
|
|
|
|
|
|
|
| CRE - Other commercial real estate: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
10 |
$ |
7,834 |
$ |
(374) |
|
| |
Amortization or maturity date change |
|
12 |
|
31,470 |
|
(365) |
|
| |
Other |
|
2 |
|
2,492 |
|
--- |
|
| Total CRE - Other commercial real estate |
|
24 |
$ |
41,796 |
$ |
(739) |
|
| |
|
|
|
|
|
|
|
|
| Automobile: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
12 |
$ |
147 |
$ |
3 |
|
| |
Amortization or maturity date change |
|
822 |
|
7,687 |
|
(68) |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Automobile |
|
834 |
$ |
7,834 |
$ |
(65) |
|
| |
|
|
|
|
|
|
|
|
| Residential mortgage: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
2 |
$ |
181 |
$ |
--- |
|
| |
Amortization or maturity date change |
|
164 |
|
22,120 |
|
649 |
|
| |
Other |
|
5 |
|
600 |
|
33 |
|
| Total Residential mortgage |
|
171 |
$ |
22,901 |
$ |
682 |
|
| |
|
|
|
|
|
|
|
|
| First-lien home equity: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
48 |
$ |
5,857 |
$ |
1,016 |
|
| |
Amortization or maturity date change |
|
49 |
|
5,820 |
|
111 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total First-lien home equity |
|
97 |
$ |
11,677 |
$ |
1,127 |
|
| |
|
|
|
|
|
|
|
|
| Second-lien home equity: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
55 |
$ |
2,992 |
$ |
22 |
|
| |
Amortization or maturity date change |
|
44 |
|
1,631 |
|
40 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Second-lien home equity |
|
99 |
$ |
4,623 |
$ |
62 |
|
| |
|
|
|
|
|
|
|
|
| Other consumer: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
6 |
$ |
561 |
$ |
48 |
|
| |
Amortization or maturity date change |
|
50 |
|
348 |
|
(18) |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Other consumer |
|
56 |
$ |
909 |
$ |
30 |
|
| |
|
|
New Troubled Debt Restructurings During The |
| |
|
|
Nine-Month Period Ended September 30, 2011 |
| |
|
|
|
|
|
|
| |
|
|
|
Post-modification |
Net change in |
|
| (dollar amounts in thousands) |
|
Number of |
Outstanding |
ALLL resulting |
|
| |
|
Contracts |
Balance (1) |
from modification |
|
| |
|
|
|
|
|
|
|
|
| C&I - Owner occupied: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
27 |
$ |
12,240 |
$ |
(749) |
|
| |
Amortization or maturity date change |
|
35 |
|
19,294 |
|
(1,733) |
|
| |
Other |
|
4 |
|
3,072 |
|
243 |
|
| Total C&I - Owner occupied |
|
66 |
$ |
34,606 |
$ |
(2,239) |
|
| |
|
|
|
|
|
|
|
|
| C&I - Other commercial and industrial: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
18 |
$ |
21,382 |
$ |
1,067 |
|
| |
Amortization or maturity date change |
|
41 |
|
23,145 |
|
(2,651) |
|
| |
Other |
|
17 |
|
25,421 |
|
(3,020) |
|
| Total C&I - Other commercial and industrial |
|
76 |
$ |
69,948 |
$ |
(4,604) |
|
| |
|
|
|
|
|
|
|
|
| CRE - Retail properties: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
8 |
$ |
46,534 |
$ |
4,359 |
|
| |
Amortization or maturity date change |
|
14 |
|
25,689 |
|
1,858 |
|
| |
Other |
|
6 |
|
14,253 |
|
(1,974) |
|
| Total CRE - Retail properties |
|
28 |
$ |
86,476 |
$ |
4,243 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Multi family: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
10 |
$ |
4,378 |
$ |
(9) |
|
| |
Amortization or maturity date change |
|
5 |
|
2,256 |
|
25 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total CRE - Multi family |
|
15 |
$ |
6,634 |
$ |
16 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Office: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
3 |
$ |
1,505 |
$ |
259 |
|
| |
Amortization or maturity date change |
|
2 |
|
1,238 |
|
97 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total CRE - Office |
|
5 |
$ |
2,743 |
$ |
356 |
|
| |
|
|
|
|
|
|
|
|
| CRE - Industrial and warehouse: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
1 |
$ |
2,165 |
$ |
(299) |
|
| |
Amortization or maturity date change |
|
6 |
|
19,300 |
|
(5,446) |
|
| |
Other |
|
1 |
|
2,147 |
|
(145) |
|
| Total CRE - Industrial and Warehouse |
|
8 |
$ |
23,612 |
$ |
(5,890) |
|
| |
|
|
|
|
|
|
|
|
| CRE - Other commercial real estate: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
15 |
$ |
17,893 |
$ |
(1,180) |
|
| |
Amortization or maturity date change |
|
48 |
|
103,120 |
|
(3,602) |
|
| |
Other |
|
5 |
|
8,199 |
|
32 |
|
| Total CRE - Other commercial real estate |
|
68 |
$ |
129,212 |
$ |
(4,750) |
|
| |
|
|
|
|
|
|
|
|
| Automobile: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
14 |
$ |
186 |
$ |
3 |
|
| |
Amortization or maturity date change |
|
1,534 |
|
13,832 |
|
(113) |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Automobile |
|
1,548 |
$ |
14,018 |
$ |
(110) |
|
| |
|
|
|
|
|
|
|
|
| Residential mortgage: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
8 |
$ |
6,604 |
$ |
(589) |
|
| |
Amortization or maturity date change |
|
499 |
|
67,351 |
|
2,289 |
|
| |
Other |
|
18 |
|
3,555 |
|
115 |
|
| Total Residential mortgage |
|
525 |
$ |
77,510 |
$ |
1,815 |
|
| |
|
|
|
|
|
|
|
|
| First-lien home equity: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
95 |
$ |
11,836 |
$ |
1,899 |
|
| |
Amortization or maturity date change |
|
75 |
|
9,073 |
|
587 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total First-lien home equity |
|
170 |
$ |
20,909 |
$ |
2,486 |
|
| |
|
|
|
|
|
|
|
|
| Second-lien home equity: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
109 |
$ |
5,480 |
$ |
287 |
|
| |
Amortization or maturity date change |
|
89 |
|
2,975 |
|
59 |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Second-lien home equity |
|
198 |
$ |
8,455 |
$ |
346 |
|
| |
|
|
|
|
|
|
|
|
| Other consumer: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
11 |
$ |
837 |
$ |
73 |
|
| |
Amortization or maturity date change |
|
57 |
|
363 |
|
(19) |
|
| |
Other |
|
--- |
|
--- |
|
--- |
|
| Total Other consumer |
|
68 |
$ |
1,200 |
$ |
54 |
|
| |
|
|
|
|
|
|
|
|
| (1) |
Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant. |
|
The following table presents TDRs modified within the previous twelve months that have subsequently redefaulted during the three-month and nine-month periods ended September 30, 2011:
| |
|
|
Troubled Debt Restructurings Within The Previous Twelve Months
|
| |
|
|
That Have Subsequently Defaulted During The (1)
|
| |
|
|
Three-month period ended September 30, 2011
|
|
Nine-month period ended September 30, 2011
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| (dollar amounts in thousands) |
|
Number of |
Ending
|
|
Number of |
Ending
|
| |
|
Contracts |
Balance
|
|
Contracts |
Balance
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| C&I - Owner occupied: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
9 |
$ |
3,850
|
| |
Amortization or maturity date change |
|
3 |
|
3,224
|
|
7 |
|
4,072
|
| |
Other |
|
--- |
|
---
|
|
2 |
|
2,352
|
| Total C&I - Owner occupied |
|
3 |
$ |
3,224
|
|
18 |
$ |
10,274
|
| |
|
|
|
|
|
|
|
|
|
| C&I - Other commercial and industrial: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
1 |
$ |
193
|
| |
Amortization or maturity date change |
|
2 |
|
9,300
|
|
6 |
|
9,932
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total C&I - Other commercial and industrial |
|
2 |
$ |
9,300
|
|
7 |
$ |
10,125
|
| |
|
|
|
|
|
|
|
|
|
| CRE - Retail Properties: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
--- |
$ |
---
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
1 |
|
796
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total CRE - Retail properties |
|
--- |
$ |
---
|
|
1 |
$ |
796
|
| |
|
|
|
|
|
|
|
|
|
| CRE - Multi family: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
2 |
$ |
812
|
|
4 |
$ |
1,180
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
2 |
|
465
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total CRE - Multi family |
|
2 |
$ |
812
|
|
6 |
$ |
1,645
|
| |
|
|
|
|
|
|
|
|
|
| CRE - Office: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
1 |
$ |
116
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
1 |
|
334
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total CRE - Office |
|
--- |
$ |
---
|
|
2 |
$ |
450
|
| |
|
|
|
|
|
|
|
|
|
| CRE - Industrial and Warehouse: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
--- |
$ |
---
|
| |
Amortization or maturity date change |
|
2 |
|
229
|
|
7 |
|
2,581
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total CRE - Industrial and Warehouse |
|
2 |
$ |
229
|
|
7 |
$ |
2,581
|
| |
|
|
|
|
|
|
|
|
|
| CRE - Other commercial real estate: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
2 |
$ |
132
|
|
7 |
$ |
2,214
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
10 |
|
2,037
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total CRE - Other commercial real estate |
|
2 |
$ |
132
|
|
17 |
$ |
4,251
|
| |
|
|
|
|
|
|
|
|
|
| Automobile: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
1 |
$ |
---(2)
|
| |
Amortization or maturity date change |
|
41 |
|
---(2)
|
|
112 |
|
---(2)
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total Automobile |
|
41 |
$ |
---(2)
|
|
113 |
$ |
---(2)
|
| |
|
|
|
|
|
|
|
|
|
| Residential mortgage: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
1 |
$ |
65
|
|
2 |
$ |
221
|
| |
Amortization or maturity date change |
|
22 |
|
2,276
|
|
51 |
|
5,544
|
| |
Other |
|
1 |
|
149
|
|
5 |
|
757
|
| Total Residential mortgage |
|
24 |
$ |
2,490
|
|
58 |
$ |
6,522
|
| |
|
|
|
|
|
|
|
|
|
| First-lien home equity: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
--- |
$ |
---
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
3 |
|
121
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total First-lien home equity |
|
--- |
$ |
---
|
|
3 |
$ |
121
|
| |
|
|
|
|
|
|
|
|
|
| Second-lien home equity: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
2 |
$ |
153
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
5 |
|
249
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total Second-lien home equity |
|
--- |
$ |
---
|
|
7 |
$ |
402
|
| |
|
|
|
|
|
|
|
|
|
| Other consumer: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Interest rate reduction |
|
--- |
$ |
---
|
|
--- |
$ |
---
|
| |
Amortization or maturity date change |
|
--- |
|
---
|
|
2 |
|
11(3)
|
| |
Other |
|
--- |
|
---
|
|
--- |
|
---
|
| Total Other consumer |
|
--- |
$ |
---
|
|
2 |
$ |
11
|
| |
|
|
|
|
|
|
|
|
|
| (1) |
Subsequent default is defined as a payment redefault within 12 months of the restructuring date.
|
| (2) |
Automobile loans are charged-off at time of subsequent default. During the three-month period ended September 30, 2011, $220 thousand of total automobile loans were charged-off at the time of subsequent redefault. During the nine-month period ended September 30, 2011, $813 thousand of total automobile loans were charged-off at the time of subsequent default.
|
| (3) |
Other consumer loans are charged-off at time of subsequent default. During the nine-month period ended September 30, 2011, $11 thousand of total other consumer loans were charged-off at the time of subsequent default.
|
|