Quarterly report pursuant to Section 13 or 15(d)

Loans and Leases and Allowance for Credit Losses (Tables)

v2.3.0.15
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.