Loans and Leases and Allowance for Credit Losses (Tables)
|
3 Months Ended |
Sep. 30, 2012
|
Loans / Leases and Allowance for Credit Losses [Abstract] |
|
Loan and Lease Portfolio |
The following table provides a detailed listing of Huntington's loan and lease portfolio at September 30, 2012, and December 31, 2011:
|
|
|
|
|
September 30, |
|
|
December 31, |
(dollar amounts in thousands) |
|
2012 |
|
|
2011 |
|
|
|
|
|
|
|
|
|
Loans and leases: |
|
|
|
|
|
|
|
Commercial and industrial |
$ |
16,478,008 |
|
$ |
14,699,371 |
|
|
Commercial real estate |
|
5,497,157 |
|
|
5,825,709 |
|
|
Automobile |
|
4,275,754 |
|
|
4,457,446 |
|
|
Home equity |
|
8,380,542 |
|
|
8,215,413 |
|
|
Residential mortgage |
|
5,192,241 |
|
|
5,228,276 |
|
|
Other consumer |
|
436,715 |
|
|
497,568 |
|
Loans and leases |
|
40,260,417 |
|
|
38,923,783 |
|
Allowance for loan and lease losses |
|
(789,142) |
|
|
(964,828) |
Net loans and leases |
$ |
39,471,275 |
|
$ |
37,958,955 |
|
Loan Purchases and Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile
|
Equity |
Mortgage |
Consumer |
Total |
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans and leases purchased during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended September 30, 2012 |
$ |
58,638 |
$ |
--- |
$ |
---
|
$ |
--- |
$ |
--- |
$ |
--- |
$ |
58,638 |
|
|
Nine-month period ended September 30, 2012 |
$ |
536,139 |
$ |
378,122 |
$ |
---
|
$ |
13,025 |
$ |
62,324 |
$ |
85 |
$ |
989,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 and leases sold or transferred to loans held for sale during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended September 30, 2012 |
$ |
65,768 |
$ |
4,812 |
$ |
---
|
$ |
--- |
$ |
--- |
$ |
--- |
$ |
70,580 |
|
|
Nine-month period ended September 30, 2012 |
$ |
190,933 |
$ |
52,554 |
$ |
2,783,748
|
$ |
--- |
$ |
179,621 |
|
--- |
$ |
3,206,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 at September 30, 2012, and December 31, 2011 (1):
|
|
2012 |
|
2011 |
(dollar amounts in thousands) |
September 30, |
|
December 31, |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
Owner occupied |
$ |
60,939 |
|
$ |
88,415 |
|
Purchased impaired |
|
--- |
|
|
--- |
|
Other commercial and industrial |
|
48,513 |
|
|
113,431 |
Total commercial and industrial |
$ |
109,452 |
|
$ |
201,846 |
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
Retail properties |
$ |
43,564 |
|
$ |
58,415 |
|
Multi family |
|
24,045 |
|
|
39,921 |
|
Office |
|
23,279 |
|
|
33,202 |
|
Industrial and warehouse |
|
10,286 |
|
|
30,119 |
|
Purchased impaired |
|
--- |
|
|
--- |
|
Other commercial real estate |
|
47,812 |
|
|
68,232 |
Total commercial real estate |
$ |
148,986 |
|
$ |
229,889 |
|
|
|
|
|
|
|
Automobile |
$ |
11,814 |
|
$ |
--- |
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
Secured by first-lien |
$ |
24,424 |
|
$ |
20,012 |
|
Secured by junior-lien |
|
27,230 |
|
|
20,675 |
Total home equity |
$ |
51,654 |
|
$ |
40,687 |
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
Residential mortgage |
$ |
123,140 |
|
$ |
68,658 |
|
Purchased impaired |
|
--- |
|
|
--- |
Total residential mortgages |
$ |
123,140 |
|
$ |
68,658 |
|
|
|
|
|
|
|
Other consumer |
|
|
|
|
|
|
Other consumer |
$ |
--- |
|
$ |
--- |
|
Purchased impaired |
|
--- |
|
|
--- |
Total other consumer |
$ |
--- |
|
$ |
--- |
Total nonaccrual loans |
$ |
445,046 |
|
$ |
541,080 |
|
|
|
|
|
|
|
(1) |
September 30, 2012, figures include $63.0 million related to Chapter 7 bankruptcy loans. |
|
Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases, including past due loans, by loan class at September 30, 2012, and December 31, 2011: (1)
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
$ |
10,816 |
$ |
5,476 |
$ |
41,253 |
$ |
57,545 |
|
$ |
4,210,843 |
$ |
4,268,388 |
|
$ |
---
|
|
Purchased impaired |
|
2,069 |
|
4,899 |
|
26,117 |
|
33,085 |
|
|
29,168 |
|
62,253 |
|
|
26,117
|
|
Other commercial and industrial |
|
15,764 |
|
4,749 |
|
22,131 |
|
42,644 |
|
|
12,104,723 |
|
12,147,367 |
|
|
---
|
Total commercial and industrial |
$ |
28,649 |
$ |
15,124 |
$ |
89,501 |
$ |
133,274 |
|
$ |
16,344,734 |
$ |
16,478,008 |
|
$ |
26,117(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
5,769 |
$ |
3,491 |
$ |
22,999 |
$ |
32,259 |
|
$ |
1,511,252 |
$ |
1,543,511 |
|
$ |
---
|
|
Multi family |
|
2,682 |
|
925 |
|
17,114 |
|
20,721 |
|
|
952,947 |
|
973,668 |
|
|
---
|
|
Office |
|
12,265 |
|
3,275 |
|
17,733 |
|
33,273 |
|
|
928,377 |
|
961,650 |
|
|
---
|
|
Industrial and warehouse |
|
1,557 |
|
858 |
|
4,568 |
|
6,983 |
|
|
621,379 |
|
628,362 |
|
|
---
|
|
Purchased impaired |
|
4,741 |
|
9,741 |
|
45,131 |
|
59,613 |
|
|
73,793 |
|
133,406 |
|
|
45,131
|
|
Other commercial real estate |
|
948 |
|
8,609 |
|
27,860 |
|
37,417 |
|
|
1,219,143 |
|
1,256,560 |
|
|
---
|
Total commercial real estate |
$ |
27,962 |
$ |
26,899 |
$ |
135,405 |
$ |
190,266 |
|
$ |
5,306,891 |
$ |
5,497,157 |
|
$ |
45,131(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
31,731 |
|
6,730 |
$ |
3,857 |
$ |
42,318 |
|
$ |
4,233,436 |
$ |
4,275,754 |
|
$ |
3,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
19,696 |
$ |
9,488 |
$ |
32,911 |
$ |
62,095 |
|
$ |
4,151,610 |
$ |
4,213,705 |
|
$ |
9,424
|
|
Secured by junior-lien |
|
30,085 |
|
13,065 |
|
27,248 |
|
70,398 |
|
|
4,096,439 |
|
4,166,837 |
|
|
11,919
|
Total home equity |
$ |
49,781 |
$ |
22,553 |
$ |
60,159 |
$ |
132,493 |
|
$ |
8,248,049 |
$ |
8,380,542 |
|
$ |
21,343
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
145,713 |
$ |
46,646 |
$ |
168,782 |
$ |
361,141 |
|
$ |
4,828,869 |
$ |
5,190,010 |
|
$ |
97,752(3)
|
|
Purchased impaired |
|
198 |
|
37 |
|
398 |
|
633 |
|
|
1,598 |
|
2,231 |
|
|
398
|
Total residential mortgage |
$ |
145,911 |
$ |
46,683 |
$ |
169,180 |
$ |
361,774 |
|
$ |
4,830,467 |
$ |
5,192,241 |
|
$ |
98,150
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
7,050 |
$ |
1,356 |
$ |
695 |
$ |
9,101 |
|
$ |
426,995 |
$ |
436,096 |
|
$ |
695
|
|
Purchased impaired |
|
40 |
|
- |
|
389 |
|
429 |
|
|
190 |
|
619 |
|
|
389
|
Total other consumer |
$ |
7,090 |
$ |
1,356 |
$ |
1,084 |
$ |
9,530 |
|
$ |
427,185 |
$ |
436,715 |
|
$ |
1,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ |
291,122 |
$ |
119,345 |
$ |
459,185 |
$ |
869,652 |
|
$ |
39,390,766 |
$ |
40,260,417 |
|
$ |
195,682
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 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 |
$ |
10,607 |
$ |
7,433 |
$ |
58,513 |
$ |
76,553 |
|
$ |
3,936,203 |
$ |
4,012,756 |
|
$ |
---
|
|
Other commercial and industrial |
|
32,962 |
|
7,579 |
|
60,833 |
|
101,374 |
|
|
10,585,241 |
|
10,686,615 |
|
|
---
|
Total commercial and industrial |
$ |
43,569 |
$ |
15,012 |
$ |
119,346 |
$ |
177,927 |
|
$ |
14,521,444 |
$ |
14,699,371 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
3,090 |
$ |
823 |
$ |
33,952 |
$ |
37,865 |
|
$ |
1,547,618 |
$ |
1,585,483 |
|
$ |
---
|
|
Multi family |
|
5,022 |
|
1,768 |
|
28,317 |
|
35,107 |
|
|
908,438 |
|
943,545 |
|
|
---
|
|
Office |
|
3,134 |
|
792 |
|
30,041 |
|
33,967 |
|
|
990,897 |
|
1,024,864 |
|
|
---
|
|
Industrial and warehouse |
|
2,834 |
|
115 |
|
18,203 |
|
21,152 |
|
|
708,390 |
|
729,542 |
|
|
---
|
|
Other commercial real estate |
|
6,894 |
|
3,625 |
|
48,739 |
|
59,258 |
|
|
1,483,017 |
|
1,542,275 |
|
|
---
|
Total commercial real estate |
$ |
20,974 |
$ |
7,123 |
$ |
159,252 |
$ |
187,349 |
|
$ |
5,638,360 |
$ |
5,825,709 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
42,162 |
$ |
9,046 |
$ |
6,265 |
$ |
57,473 |
|
$ |
4,399,973 |
$ |
4,457,446 |
|
$ |
6,265
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
17,260 |
|
8,822 |
|
29,259 |
|
55,341 |
|
|
3,760,238 |
|
3,815,579 |
|
|
9,247
|
|
Secured by junior-lien |
|
32,334 |
|
18,357 |
|
31,626 |
|
82,317 |
|
|
4,317,517 |
|
4,399,834 |
|
|
10,951
|
Residential mortgage |
|
134,228 |
|
45,774 |
|
204,648 |
|
384,650 |
|
|
4,843,626 |
|
5,228,276 |
|
|
141,901(4)
|
Other consumer |
|
7,655 |
|
1,502 |
|
1,988 |
|
11,145 |
|
|
486,423 |
|
497,568 |
|
|
1,988
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ |
298,182 |
$ |
105,636 |
$ |
552,384 |
$ |
956,202 |
|
$ |
37,967,581 |
$ |
38,923,783 |
|
$ |
170,352
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
NALs are included in this aging analysis based on the loan's past due status.
|
(2) |
All amounts represent accruing purchased impaired loans related to the FDIC-assisted Fidelity Bank acquisition. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status.
|
(3) |
Includes $87,463 thousand guaranteed by the U.S. government.
|
(4) |
Includes $96,703 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, 2012 and 2011: (1)
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
280,548 |
$ |
305,391 |
$ |
30,217 |
$ |
135,562 |
$ |
78,015 |
$ |
29,913 |
$ |
859,646 |
|
|
Loan charge-offs |
|
(22,522) |
|
(26,513) |
|
(7,925) |
|
(48,710) |
|
(17,644) |
|
(8,872) |
|
(132,186) |
|
|
Recoveries of loans previously charged-off |
|
9,499 |
|
9,139 |
|
3,906 |
|
2,114 |
|
764 |
|
1,669 |
|
27,091 |
|
|
Provision for loan and lease losses |
|
(10,444) |
|
(7,641) |
|
7,187 |
|
33,639 |
|
5,809 |
|
5,869 |
|
34,419 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(104) |
|
--- |
|
276 |
|
--- |
|
172 |
|
ALLL balance, end of period |
$ |
257,081 |
$ |
280,376 |
$ |
33,281 |
$ |
122,605 |
$ |
67,220 |
$ |
28,579 |
$ |
789,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
42,844 |
$ |
5,225 |
$ |
--- |
$ |
2,190 |
$ |
4 |
$ |
715 |
$ |
50,978 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
3,263 |
|
(125) |
|
--- |
|
(513) |
|
(1) |
|
(39) |
|
2,585 |
|
AULC balance, end of period |
$ |
46,107 |
$ |
5,100 |
$ |
--- |
$ |
1,677 |
$ |
3 |
$ |
676 |
$ |
53,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACL balance, end of period |
$ |
303,188 |
$ |
285,476 |
$ |
33,281 |
$ |
124,282 |
$ |
67,223 |
$ |
29,255 |
$ |
842,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine-month period ended September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
Loan charge-offs |
|
(79,746) |
|
(83,662) |
|
(20,534) |
|
(97,058) |
|
(41,292) |
|
(25,946) |
|
(348,238) |
|
|
Recoveries of loans previously charged-off |
|
22,550 |
|
26,604 |
|
12,988 |
|
5,688 |
|
3,056 |
|
5,020 |
|
75,906 |
|
|
Provision for loan and lease losses |
|
38,910 |
|
(51,272) |
|
7,784 |
|
70,102 |
|
19,200 |
|
18,099 |
|
102,823 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(5,239) |
|
--- |
|
(938) |
|
--- |
|
(6,177) |
|
ALLL balance, end of period |
$ |
257,081 |
$ |
280,376 |
$ |
33,281 |
$ |
122,605 |
$ |
67,220 |
$ |
28,579 |
$ |
789,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
39,658 |
$ |
5,852 |
$ |
--- |
$ |
2,134 |
$ |
1 |
$ |
811 |
$ |
48,456 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
6,449 |
|
(752) |
|
--- |
|
(457) |
|
2 |
|
(135) |
|
5,107 |
|
AULC balance, end of period |
$ |
46,107 |
$ |
5,100 |
$ |
--- |
$ |
1,677 |
$ |
3 |
$ |
676 |
$ |
53,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACL balance, end of period |
$ |
303,188 |
$ |
285,476 |
$ |
33,281 |
$ |
124,282 |
$ |
67,223 |
$ |
29,255 |
$ |
842,705 |
|
|
|
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 each loan and lease class by credit quality indicator at September 30, 2012, and December 31, 2011:
|
|
September 30, 2012 |
|
|
Credit Risk Profile by UCS classification |
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,945,489 |
$ |
104,330 |
$ |
217,574 |
$ |
995 |
$ |
4,268,388 |
|
|
Purchased impaired |
|
1,283 |
|
6,956 |
|
54,014 |
|
- |
|
62,253 |
|
|
Other commercial and industrial |
|
11,543,754 |
|
196,823 |
|
405,027 |
|
1,763 |
|
12,147,367 |
|
Total commercial and industrial |
$ |
15,490,526 |
$ |
308,109 |
$ |
676,615 |
$ |
2,758 |
$ |
16,478,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,306,360 |
$ |
30,514 |
$ |
206,637 |
$ |
--- |
$ |
1,543,511 |
|
|
Multi family |
|
867,939 |
|
41,777 |
|
63,814 |
|
138 |
|
973,668 |
|
|
Office |
|
838,877 |
|
33,442 |
|
89,331 |
|
- |
|
961,650 |
|
|
Industrial and warehouse |
|
569,313 |
|
11,705 |
|
47,344 |
|
--- |
|
628,362 |
|
|
Purchased impaired |
|
4,830 |
|
29,993 |
|
98,510 |
|
73 |
|
133,406 |
|
|
Other commercial real estate |
|
1,072,876 |
|
43,709 |
|
139,877 |
|
98 |
|
1,256,560 |
|
Total commercial real estate |
$ |
4,660,195 |
$ |
191,140 |
$ |
645,513 |
$ |
309 |
$ |
5,497,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (1) |
|
|
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
|
Automobile |
$ |
2,553,258 |
$ |
2,182,389 |
$ |
735,651 |
$ |
104,456 |
$ |
5,575,754 |
(3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
2,441,087 |
$ |
1,404,312 |
$ |
348,109 |
$ |
20,197 |
$ |
4,213,705 |
|
|
Secured by junior-lien |
|
1,943,216 |
|
1,530,622 |
|
569,785 |
|
123,214 |
|
4,166,837 |
|
Total home equity |
$ |
4,384,303 |
$ |
2,934,934 |
$ |
917,894 |
$ |
143,411 |
$ |
8,380,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
2,577,715 |
$ |
1,795,920 |
$ |
696,414 |
$ |
119,961 |
$ |
5,190,010 |
|
|
Purchased impaired |
|
349 |
|
1,347 |
|
468 |
|
67 |
|
2,231 |
|
Total residential mortgage |
$ |
2,578,064 |
$ |
1,797,267 |
$ |
696,882 |
$ |
120,028 |
$ |
5,192,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
163,538 |
$ |
180,968 |
$ |
65,480 |
$ |
26,110 |
$ |
436,096 |
|
|
Purchased impaired |
|
- |
|
231 |
|
289 |
|
99 |
|
619 |
|
Total other consumer |
$ |
163,538 |
$ |
181,199 |
$ |
65,769 |
$ |
26,209 |
$ |
436,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
Credit Risk Profile by UCS classification |
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,624,103 |
$ |
101,897 |
$ |
285,561 |
$ |
1,195 |
$ |
4,012,756 |
|
|
Other commercial and industrial |
|
10,108,946 |
|
145,963 |
|
425,882 |
|
5,824 |
|
10,686,615 |
|
Total commercial and industrial |
$ |
13,733,049 |
$ |
247,860 |
$ |
711,443 |
$ |
7,019 |
$ |
14,699,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,191,471 |
$ |
122,337 |
$ |
271,675 |
$ |
--- |
$ |
1,585,483 |
|
|
Multi family |
|
801,717 |
|
48,094 |
|
93,449 |
|
285 |
|
943,545 |
|
|
Office |
|
896,230 |
|
67,050 |
|
61,476 |
|
108 |
|
1,024,864 |
|
|
Industrial and warehouse |
|
649,165 |
|
9,688 |
|
70,621 |
|
68 |
|
729,542 |
|
|
Other commercial real estate |
|
1,112,751 |
|
110,276 |
|
318,479 |
|
769 |
|
1,542,275 |
|
Total commercial real estate |
$ |
4,651,334 |
$ |
357,445 |
$ |
815,700 |
$ |
1,230 |
$ |
5,825,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (1) |
|
|
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
|
Automobile |
$ |
2,635,082 |
$ |
2,276,990 |
$ |
707,141 |
$ |
88,233 |
$ |
5,707,446 |
(4) |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
2,196,566 |
|
1,287,444 |
|
329,670 |
|
1,899 |
|
3,815,579 |
|
|
Secured by junior-lien |
|
2,119,292 |
|
1,646,117 |
|
625,298 |
|
9,127 |
|
4,399,834 |
|
Residential mortgage |
|
2,454,401 |
|
1,752,409 |
|
723,377 |
|
298,089 |
|
5,228,276 |
|
Other consumer |
|
185,333 |
|
206,749 |
|
83,431 |
|
22,055 |
|
497,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Reflects currently updated customer credit scores. |
|
(2) |
Reflects deferred fees and costs, loans in process, loans to legal entities, etc. |
|
(3) |
Includes $1,300,000 thousand of loans reflected as loans held for sale. |
|
(4) |
Includes $1,250,000 thousand of loans reflected as loans held for sale. |
|
|
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 at September 30, 2012, and December 31, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans purchased with deteriorated credit quality |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
Attributable to loans individually evaluated for impairment |
|
22,023 |
|
36,689 |
|
1,196 |
|
3,635 |
|
14,134 |
|
245 |
|
77,922 |
|
|
Attributable to loans collectively evaluated for impairment |
|
235,058 |
|
243,687 |
|
32,085 |
|
118,970 |
|
53,086 |
|
28,334 |
|
711,220 |
|
Total ALLL balance |
$ |
257,081 |
$ |
280,376 |
$ |
33,281 |
$ |
122,605 |
$ |
67,220 |
$ |
28,579 |
$ |
789,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at September 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans purchased with deteriorated credit quality |
$ |
62,253 |
$ |
133,406 |
$ |
--- |
$ |
--- |
$ |
2,231 |
$ |
619 |
$ |
198,509 |
|
|
Attributable to loans individually evaluated for impairment |
|
106,554 |
|
322,277 |
|
45,533 |
|
100,519 |
|
364,053 |
|
2,757 |
|
941,693 |
|
|
Attributable to loans collectively evaluated for impairment |
|
16,309,201 |
|
5,041,474 |
|
4,230,221 |
|
8,280,023 |
|
4,825,957 |
|
433,339 |
|
39,120,215 |
|
Total loans evaluated for impairment |
$ |
16,478,008 |
$ |
5,497,157 |
$ |
4,275,754 |
$ |
8,380,542 |
$ |
5,192,241 |
$ |
436,715 |
$ |
40,260,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
Commercial Real Estate |
Automobile |
Home Equity |
Residential Mortgage |
Other Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at December 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
$ |
30,613 |
$ |
55,306 |
$ |
1,393 |
$ |
1,619 |
$ |
16,091 |
$ |
530 |
$ |
105,552 |
|
|
Attributable to loans collectively evaluated for impairment |
|
244,754 |
|
333,400 |
|
36,889 |
|
142,254 |
|
71,103 |
|
30,876 |
|
859,276 |
|
Total ALLL balance: |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
$ |
153,724 |
$ |
387,402 |
$ |
36,574 |
$ |
52,593 |
$ |
335,768 |
$ |
6,220 |
$ |
972,281 |
|
|
Attributable to loans collectively evaluated for impairment |
|
14,545,647 |
|
5,438,307 |
|
4,420,872 |
|
8,162,820 |
|
4,892,508 |
|
491,348 |
|
37,951,502 |
|
Total loans evaluated for impairment |
$ |
14,699,371 |
$ |
5,825,709 |
$ |
4,457,446 |
$ |
8,215,413 |
$ |
5,228,276 |
$ |
497,568 |
$ |
38,923,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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: (1), (2)
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
September 30, 2012 |
|
September 30, 2012 |
|
September 30, 2012 |
|
|
|
|
|
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 |
$ |
3,652 |
$ |
10,099 |
$ |
--- |
|
$ |
4,702 |
$ |
1 |
|
$ |
5,310 |
$ |
61 |
|
|
Purchased impaired |
|
62,253 |
|
90,527 |
|
--- |
|
|
62,740 |
|
935 |
|
|
64,627 |
|
1,767 |
|
|
Other commercial and industrial |
|
17,886 |
|
37,036 |
|
--- |
|
|
9,274 |
|
88 |
|
|
8,556 |
|
343 |
|
Total commercial and industrial |
$ |
83,791 |
$ |
137,662 |
$ |
--- |
|
$ |
76,716 |
$ |
1,024 |
|
$ |
78,493 |
$ |
2,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
58,095 |
$ |
63,479 |
$ |
--- |
|
$ |
53,317 |
$ |
531 |
|
$ |
52,127 |
$ |
2,007 |
|
|
Multi family |
|
4,483 |
|
5,170 |
|
--- |
|
|
5,413 |
|
85 |
|
|
5,879 |
|
278 |
|
|
Office |
|
8,256 |
|
10,415 |
|
--- |
|
|
8,695 |
|
138 |
|
|
4,631 |
|
191 |
|
|
Industrial and warehouse |
|
16,651 |
|
19,609 |
|
--- |
|
|
9,779 |
|
106 |
|
|
8,045 |
|
312 |
|
|
Purchased impaired |
|
133,406 |
|
224,607 |
|
--- |
|
|
134,279 |
|
2,004 |
|
|
138,858 |
|
3,954 |
|
|
Other commercial real estate |
|
14,408 |
|
15,374 |
|
--- |
|
|
15,070 |
|
140 |
|
|
17,068 |
|
412 |
|
Total commercial real estate |
$ |
235,299 |
$ |
338,654 |
$ |
--- |
|
$ |
226,553 |
$ |
3,004 |
|
$ |
226,608 |
$ |
7,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Secured by junior-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total home equity |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased impaired |
|
2,231 |
|
4,160 |
|
--- |
|
|
2,293 |
|
34 |
|
|
3,947 |
|
68 |
|
Total residential mortgage |
$ |
2,231 |
$ |
4,160 |
$ |
--- |
|
$ |
2,293 |
$ |
34 |
|
$ |
3,947 |
$ |
68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased impaired |
|
619 |
|
922 |
|
--- |
|
|
626 |
|
9 |
|
|
782 |
|
18 |
|
Total other consumer |
$ |
619 |
$ |
922 |
$ |
--- |
|
$ |
626 |
$ |
9 |
|
$ |
782 |
$ |
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
41,476 |
$ |
46,462 |
$ |
5,678 |
|
$ |
39,339 |
$ |
303 |
|
$ |
38,927 |
$ |
998 |
|
|
Purchased impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial and industrial |
|
43,540 |
|
54,747 |
|
16,345 |
|
|
56,377 |
|
424 |
|
|
77,289 |
|
1,906 |
|
Total commercial and industrial |
$ |
85,016 |
$ |
101,209 |
$ |
22,023 |
|
$ |
95,716 |
$ |
727 |
|
$ |
116,216 |
$ |
2,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
96,085 |
$ |
104,001 |
$ |
16,468 |
|
$ |
109,146 |
$ |
848 |
|
$ |
117,069 |
$ |
4,032 |
|
|
Multi family |
|
22,918 |
|
27,550 |
|
3,546 |
|
|
26,375 |
|
280 |
|
|
29,734 |
|
1,108 |
|
|
Office |
|
16,918 |
|
22,154 |
|
3,118 |
|
|
10,394 |
|
52 |
|
|
16,954 |
|
210 |
|
|
Industrial and warehouse |
|
26,402 |
|
27,972 |
|
3,180 |
|
|
23,854 |
|
151 |
|
|
24,205 |
|
504 |
|
|
Purchased impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial real estate |
|
58,061 |
|
75,883 |
|
10,377 |
|
|
66,999 |
|
455 |
|
|
74,020 |
|
2,032 |
|
Total commercial real estate |
$ |
220,384 |
$ |
257,560 |
$ |
36,689 |
|
$ |
236,768 |
$ |
1,786 |
|
$ |
261,982 |
$ |
7,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
45,533 |
$ |
47,525 |
$ |
1,196 |
|
$ |
39,996 |
$ |
782 |
|
$ |
38,022 |
$ |
2,398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
67,256 |
$ |
76,166 |
$ |
1,736 |
|
$ |
59,247 |
$ |
730 |
|
$ |
49,559 |
$ |
1,769 |
|
|
Secured by junior-lien |
|
33,263 |
|
48,123 |
|
1,899 |
|
|
24,698 |
|
368 |
|
|
20,463 |
|
804 |
|
Total home equity |
$ |
100,519 |
$ |
124,289 |
$ |
3,635 |
|
$ |
83,945 |
$ |
1,098 |
|
$ |
70,022 |
$ |
2,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage (6): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
364,053 |
$ |
402,182 |
$ |
14,134 |
|
$ |
345,677 |
$ |
2,722 |
|
$ |
337,876 |
$ |
8,525 |
|
|
Purchased impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total residential mortgage |
$ |
364,053 |
$ |
402,182 |
$ |
14,134 |
|
$ |
345,677 |
$ |
2,722 |
|
$ |
337,876 |
$ |
8,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
2,757 |
$ |
2,757 |
$ |
245 |
|
$ |
2,954 |
$ |
19 |
|
$ |
4,118 |
$ |
78 |
|
|
Purchased impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total other consumer |
$ |
2,757 |
$ |
2,757 |
$ |
245 |
|
$ |
2,954 |
$ |
19 |
|
$ |
4,118 |
$ |
78 |
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Ending |
Principal |
Related |
(dollar amounts in thousands) |
Balance |
Balance (5) |
Allowance |
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
Owner occupied |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
Other commercial and industrial |
|
--- |
|
--- |
|
--- |
|
Total commercial and industrial |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
Retail properties |
$ |
43,970 |
$ |
45,192 |
$ |
--- |
|
|
Multi family |
|
6,292 |
|
6,435 |
|
--- |
|
|
Office |
|
1,191 |
|
1,261 |
|
--- |
|
|
Industrial and warehouse |
|
8,163 |
|
9,945 |
|
--- |
|
|
Other commercial real estate |
|
22,396 |
|
38,401 |
|
--- |
|
Total commercial real estate |
$ |
82,012 |
$ |
101,234 |
$ |
--- |
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
Owner occupied |
$ |
53,613 |
$ |
77,205 |
$ |
7,377 |
|
|
Other commercial and industrial |
|
100,111 |
|
117,469 |
|
23,236 |
|
Total commercial and industrial |
$ |
153,724 |
$ |
194,674 |
$ |
30,613 |
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
Retail properties |
$ |
129,396 |
$ |
161,596 |
$ |
30,363 |
|
|
Multi family |
|
38,154 |
|
45,138 |
|
4,753 |
|
|
Office |
|
23,568 |
|
42,287 |
|
2,832 |
|
|
Industrial and warehouse |
|
29,435 |
|
47,373 |
|
3,136 |
|
|
Other commercial real estate |
|
84,837 |
|
119,212 |
|
14,222 |
|
Total commercial real estate |
$ |
305,390 |
$ |
415,606 |
$ |
55,306 |
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
36,574 |
$ |
36,574 |
$ |
1,393 |
|
Home equity: |
|
|
|
|
|
|
|
|
Secured by first-lien |
|
35,842 |
|
35,842 |
|
626 |
|
|
Secured by junior-lien |
|
16,751 |
|
16,751 |
|
993 |
|
Residential mortgage |
|
335,768 |
|
361,161 |
|
16,091 |
|
Other consumer |
|
6,220 |
|
6,220 |
|
530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 September 30, 2012, $43,795 thousand of the $85,016 thousand commercial and industrial loans with an allowance recorded were considered impaired due to their status as a TDR. |
|
|
|
|
|
(4) |
At September 30, 2012, $36,922 thousand of the $220,384 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 unpaid principal balance amounts represent partial charge-offs. |
|
|
|
|
|
(6) |
At September 30, 2012, $17,445 thousand of the $364,053 thousand residential mortgages loans with an allowance recorded were guaranteed by the U.S. government. |
|
|
|
|
|
|
Detailed troubled debt restructuring information by class |
The following tables present 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 three-month and nine-month periods ended September 30, 2012 and 2011:
|
|
|
New Troubled Debt Restructurings During The Three-Month Period Ended (1) |
|
|
|
September 30, 2012 |
|
September 30, 2011 |
|
|
|
|
Post-modification |
|
|
|
|
|
Post-modification |
|
|
|
|
|
|
|
Outstanding |
|
|
|
|
Outstanding |
|
|
|
(dollar amounts in thousands) |
|
Number of |
Ending |
Financial effects
|
|
|
Number of |
Ending |
Financial effects |
|
|
|
|
Contracts |
Balance |
of modification(2)
|
|
|
Contracts |
Balance |
of modification |
(2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Owner occupied: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
7 |
$ |
4,292 |
$ |
13
|
|
|
3 |
$ |
638 |
$ |
(70) |
|
|
|
Amortization or maturity date change |
|
23 |
|
5,271 |
|
(49)
|
|
|
16 |
|
11,023 |
|
(1,085) |
|
|
|
Other |
|
5 |
|
1,410 |
|
(153)
|
|
|
2 |
|
729 |
|
(1) |
|
|
Total C&I - Owner occupied |
|
35 |
$ |
10,973 |
$ |
(189)
|
|
|
21 |
$ |
12,390 |
$ |
(1,156) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Other commercial and industrial: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
6 |
$ |
2,029 |
$ |
(261)
|
|
|
6 |
$ |
18,292 |
$ |
1,225 |
|
|
|
Amortization or maturity date change |
|
20 |
|
12,393 |
|
(432)
|
|
|
11 |
|
2,175 |
|
13 |
|
|
|
Other |
|
10 |
|
3,523 |
|
136
|
|
|
2 |
|
3,027 |
|
64 |
|
|
Total C&I - Other commercial and industrial |
|
36 |
$ |
17,945 |
$ |
(557)
|
|
|
19 |
$ |
23,494 |
$ |
1,302 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Retail properties: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
--- |
$ |
---
|
|
|
2 |
$ |
19,883 |
$ |
5,603 |
|
|
|
Amortization or maturity date change |
|
1 |
|
116 |
|
(2)
|
|
|
7 |
|
17,984 |
|
4,012 |
|
|
|
Other |
|
1 |
|
276 |
|
(1)
|
|
|
1 |
|
2,595 |
|
5 |
|
|
Total CRE - Retail properties |
|
2 |
$ |
392 |
$ |
(3)
|
|
|
10 |
$ |
40,462 |
$ |
9,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Multi family: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
8 |
$ |
809 |
$ |
(22)
|
|
|
4 |
$ |
1,275 |
$ |
103 |
|
|
|
Amortization or maturity date change |
|
12 |
|
1,216 |
|
51
|
|
|
1 |
|
1,066 |
|
(51) |
|
|
|
Other |
|
1 |
|
343 |
|
(8)
|
|
|
--- |
|
--- |
|
--- |
|
|
Total CRE - Multi family |
|
21 |
$ |
2,368 |
$ |
21
|
|
|
5 |
$ |
2,341 |
$ |
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Office: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
2,039 |
$ |
(599)
|
|
|
--- |
$ |
--- |
$ |
--- |
|
|
|
Amortization or maturity date change |
|
2 |
|
9,632 |
|
(36)
|
|
|
--- |
|
--- |
|
--- |
|
|
|
Other |
|
--- |
|
--- |
|
---
|
|
|
--- |
|
--- |
|
--- |
|
|
Total CRE - Office |
|
3 |
$ |
11,671 |
$ |
(635)
|
|
|
--- |
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Industrial and warehouse: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
1,600 |
$ |
(224)
|
|
|
--- |
$ |
--- |
$ |
--- |
|
|
|
Amortization or maturity date change |
|
7 |
|
31,577 |
|
(3,729)
|
|
|
2 |
|
229 |
|
(2) |
|
|
|
Other |
|
--- |
|
--- |
|
---
|
|
|
1 |
|
2,147 |
|
(937) |
|
|
Total CRE - Industrial and Warehouse |
|
8 |
$ |
33,177 |
$ |
(3,953)
|
|
|
3 |
$ |
2,376 |
$ |
(939) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Other commercial real estate: |
(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
2 |
$ |
755 |
$ |
(72)
|
|
|
10 |
$ |
7,834 |
$ |
(374) |
|
|
|
Amortization or maturity date change |
|
10 |
|
13,454 |
|
383
|
|
|
12 |
|
31,470 |
|
(211) |
|
|
|
Other |
|
3 |
|
199 |
|
111
|
|
|
2 |
|
2,489 |
|
--- |
|
|
Total CRE - Other commercial real estate |
|
15 |
$ |
14,408 |
| |