Loans and Leases and Allowance for Credit Losses (Tables)
|
12 Months Ended |
Dec. 31, 2012
|
Loans / Leases and Allowance for Credit Losses [Abstract] |
|
Loan Purchases and Sales |
The following table summarizes significant portfolio loan purchase and sale activity for the years ended December 31, 2012, and 2011.
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans purchased during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012 |
$ |
568,467 |
$ |
378,122 |
$ |
--- |
$ |
13,025 |
$ |
62,324 |
$ |
85 |
$ |
1,022,023 |
|
|
Year ended December 31, 2011 |
|
--- |
|
--- |
|
59,578 |
|
--- |
|
--- |
|
--- |
|
59,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans sold or transferred to loans held for sale during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012 |
|
238,121 |
|
74,703 |
|
2,783,748 |
|
--- |
|
389,603 |
|
--- |
|
3,486,175 |
|
|
Year ended December 31, 2011 |
|
256,313 |
|
56,123 |
|
2,250,033 |
|
--- |
|
257,100 |
|
--- |
|
2,819,569 |
|
NALs and Past Due Loans |
The following table presents NALs by loan class for the years ended December 31, 2012 and 2011 (1):
|
|
|
December 31, |
(dollar amounts in thousands) |
|
2012 |
|
2011 |
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
Owner occupied |
$ |
53,009 |
$ |
88,415 |
|
Other commercial and industrial |
|
37,696 |
|
113,431 |
Total commercial and industrial |
$ |
90,705 |
$ |
201,846 |
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
Retail properties |
$ |
31,791 |
$ |
58,415 |
|
Multi family |
|
19,765 |
|
39,921 |
|
Office |
|
30,341 |
|
33,202 |
|
Industrial and warehouse |
|
6,841 |
|
30,119 |
|
Other commercial real estate |
|
38,390 |
|
68,232 |
Total commercial real estate |
$ |
127,128 |
$ |
229,889 |
|
|
|
|
|
|
Automobile |
$ |
7,823 |
$ |
--- |
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
Secured by first-lien |
$ |
27,091 |
$ |
20,012 |
|
Secured by junior-lien |
|
32,434 |
|
20,675 |
Total home equity |
$ |
59,525 |
$ |
40,687 |
|
|
|
|
|
|
Residential mortgage |
$ |
122,452 |
$ |
68,658 |
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
Total nonaccrual loans |
$ |
407,633 |
$ |
541,080 |
|
|
|
|
|
|
(1) |
December 31, 2012, amounts included $60.1 million related to Chapter 7 bankruptcy loans. |
|
Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases for the years ended December 31, 2012 and 2011 (1):
December 31, 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 |
$ |
11,409 |
$ |
6,302 |
$ |
31,997 |
$ |
49,708 |
|
$ |
4,236,211 |
$ |
4,285,919 |
|
$ |
---
|
|
Purchased credit-impaired |
|
986 |
|
3,533 |
|
26,648 |
|
31,167 |
|
|
23,305 |
|
54,472 |
|
|
26,648(2)
|
|
Other commercial and industrial |
|
20,273 |
|
4,211 |
|
14,786 |
|
39,270 |
|
|
12,591,028 |
|
12,630,298 |
|
|
---
|
Total commercial and industrial |
$ |
32,668 |
$ |
14,046 |
$ |
73,431 |
$ |
120,145 |
|
$ |
16,850,544 |
$ |
16,970,689 |
|
$ |
26,648
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
3,459 |
$ |
4,203 |
$ |
9,677 |
$ |
17,339 |
|
$ |
1,413,520 |
$ |
1,430,859 |
|
$ |
---
|
|
Multi family |
|
7,961 |
|
1,314 |
|
12,062 |
|
21,337 |
|
|
963,063 |
|
984,400 |
|
|
---
|
|
Office |
|
1,054 |
|
2,415 |
|
23,335 |
|
26,804 |
|
|
909,310 |
|
936,114 |
|
|
---
|
|
Industrial and warehouse |
|
6,597 |
|
118 |
|
5,433 |
|
12,148 |
|
|
584,754 |
|
596,902 |
|
|
---
|
|
Purchased credit-impaired |
|
556 |
|
1,751 |
|
56,660 |
|
58,967 |
|
|
67,956 |
|
126,923 |
|
|
56,660(2)
|
|
Other commercial real estate |
|
2,725 |
|
2,192 |
|
25,463 |
|
30,380 |
|
|
1,293,662 |
|
1,324,042 |
|
|
---
|
Total commercial real estate |
$ |
22,352 |
$ |
11,993 |
$ |
132,630 |
$ |
166,975 |
|
$ |
5,232,265 |
$ |
5,399,240 |
|
$ |
56,660
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
36,267 |
$ |
7,803 |
$ |
4,438 |
$ |
48,508 |
|
$ |
4,585,312 |
$ |
4,633,820 |
|
$ |
4,418
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
26,288 |
$ |
9,992 |
$ |
28,322 |
$ |
64,602 |
|
$ |
4,315,985 |
$ |
4,380,587 |
|
$ |
5,202
|
|
Secured by junior-lien |
|
34,365 |
|
16,553 |
|
35,150 |
|
86,068 |
|
|
3,868,687 |
|
3,954,755 |
|
|
12,998
|
Total home equity |
$ |
60,653 |
$ |
26,545 |
$ |
63,472 |
$ |
150,670 |
|
$ |
8,184,672 |
$ |
8,335,342 |
|
$ |
18,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
118,582 |
$ |
44,747 |
$ |
164,035 |
$ |
327,364 |
|
$ |
4,640,065 |
$ |
4,967,429 |
|
$ |
92,925(3)
|
|
Purchased credit-impaired |
|
58 |
|
--- |
|
609 |
|
667 |
|
|
1,576 |
|
2,243 |
|
|
609(2)
|
Total residential mortgage |
$ |
118,640 |
$ |
44,747 |
$ |
164,644 |
$ |
328,031 |
|
$ |
4,641,641 |
$ |
4,969,672 |
|
$ |
93,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
7,431 |
$ |
2,117 |
$ |
1,672 |
$ |
11,220 |
|
$ |
408,302 |
$ |
419,522 |
|
$ |
1,672
|
|
Purchased credit-impaired |
|
--- |
|
76 |
|
--- |
|
76 |
|
|
64 |
|
140 |
|
|
---(2)
|
Total other consumer |
$ |
7,431 |
$ |
2,193 |
$ |
1,672 |
$ |
11,296 |
|
$ |
408,366 |
$ |
419,662 |
|
$ |
1,672
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ |
278,011 |
$ |
107,327 |
$ |
440,287 |
$ |
825,625 |
|
$ |
39,902,800 |
$ |
40,728,425 |
|
$ |
201,132
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 credit-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 $90,816 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 years ended December 31, 2012, 2011, and 2010:
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
Loan charge-offs |
|
(101,475) |
|
(118,051) |
|
(26,070) |
|
(124,286) |
|
(52,228) |
|
(33,090) |
|
(455,200) |
|
|
Recoveries of loans previously charged-off |
|
37,227 |
|
39,622 |
|
16,628 |
|
7,907 |
|
4,305 |
|
7,049 |
|
112,738 |
|
|
Provision for loan and lease losses |
|
29,932 |
|
(24,908) |
|
12,964 |
|
91,270 |
|
24,046 |
|
21,889 |
|
155,193 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(6,825) |
|
--- |
|
(1,659) |
|
--- |
|
(8,484) |
|
ALLL balance, end of period |
$ |
241,051 |
$ |
285,369 |
$ |
34,979 |
$ |
118,764 |
$ |
61,658 |
$ |
27,254 |
$ |
769,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
39,658 |
$ |
5,852 |
$ |
--- |
$ |
2,134 |
$ |
1 |
$ |
811 |
$ |
48,456 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
(5,790) |
|
(1,112) |
|
--- |
|
(778) |
|
2 |
|
(127) |
|
(7,805) |
|
AULC balance, end of period |
$ |
33,868 |
$ |
4,740 |
$ |
--- |
$ |
1,356 |
$ |
3 |
$ |
684 |
$ |
40,651 |
|
ACL balance, end of period |
$ |
274,919 |
$ |
290,109 |
$ |
34,979 |
$ |
120,120 |
$ |
61,661 |
$ |
27,938 |
$ |
809,726 |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
340,614 |
$ |
588,251 |
$ |
49,488 |
$ |
150,630 |
$ |
93,289 |
$ |
26,736 |
$ |
1,249,008 |
|
|
Loan charge-offs |
|
(134,385) |
|
(182,759) |
|
(33,593) |
|
(109,427) |
|
(65,069) |
|
(32,520) |
|
(557,753) |
|
|
Recoveries of loans previously charged-off |
|
44,686 |
|
34,658 |
|
18,526 |
|
7,630 |
|
8,388 |
|
6,776 |
|
120,664 |
|
|
Provision for loan and lease losses |
|
24,452 |
|
(51,444) |
|
17,042 |
|
95,040 |
|
52,226 |
|
30,414 |
|
167,730 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(13,181) |
|
--- |
|
(1,640) |
|
--- |
|
(14,821) |
|
ALLL balance, end of period |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
32,726 |
$ |
6,158 |
$ |
--- |
$ |
2,348 |
$ |
1 |
$ |
894 |
$ |
42,127 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
6,932 |
|
(306) |
|
--- |
|
(214) |
|
--- |
|
(83) |
|
6,329 |
|
AULC balance, end of period |
$ |
39,658 |
$ |
5,852 |
$ |
--- |
$ |
2,134 |
$ |
1 |
$ |
811 |
$ |
48,456 |
|
ACL balance, end of period |
$ |
315,025 |
$ |
394,558 |
$ |
38,282 |
$ |
146,007 |
$ |
87,195 |
$ |
32,217 |
$ |
1,013,284 |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2010: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
492,205 |
$ |
751,875 |
$ |
57,951 |
$ |
102,039
|
$ |
55,903
|
$ |
22,506 |
$ |
1,482,479 |
|
|
Loan charge-offs |
|
(316,771) |
|
(303,995) |
|
(46,308) |
|
(140,831)(1)
|
|
(163,427)(2)
|
|
(32,575) |
|
(1,003,907) |
|
|
Recoveries of loans previously charged-off |
|
61,839 |
|
28,433 |
|
19,736 |
|
1,458
|
|
10,532
|
|
7,435 |
|
129,433 |
|
|
Provision for loan and lease losses |
|
103,341 |
|
111,938 |
|
18,109 |
|
187,964
|
|
190,577
|
|
29,370 |
|
641,299 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
--- |
|
---
|
|
(296)
|
|
--- |
|
(296) |
|
ALLL balance, end of period |
$ |
340,614 |
$ |
588,251 |
$ |
49,488 |
$ |
150,630
|
$ |
93,289
|
$ |
26,736 |
$ |
1,249,008 |
|
AULC balance, beginning of period |
$ |
34,555 |
$ |
12,194 |
$ |
--- |
$ |
1,179
|
$ |
2
|
$ |
949 |
$ |
48,879 |
|
|
Provision for unfunded loan commitments and letters-of-credit |
|
(1,829) |
|
(6,036) |
|
--- |
|
1,169
|
|
(1)
|
|
(55) |
|
(6,752) |
|
AULC balance, end of period |
|
32,726 |
|
6,158 |
|
--- |
|
2,348
|
|
1
|
|
894 |
|
42,127 |
|
ACL balance, end of period |
$ |
373,340 |
$ |
594,409 |
$ |
49,488 |
$ |
152,978
|
$ |
93,290
|
$ |
27,630 |
$ |
1,291,135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Reflects $21 million of Franklin-related charge-offs. |
(2) |
Reflects $71 million of Franklin-related charge-offs. |
|
Loan and lease balances by credit quality indicator |
The following table presents each loan and lease class by credit quality indicator for the years ended December 31, 2012 and 2011:
|
|
December 31, 2012
|
|
Credit Risk Profile by UCS classification
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,970,597 |
$ |
108,731 |
$ |
205,822 |
$ |
769 |
$ |
4,285,919
|
|
Purchased impaired |
|
1,663 |
|
6,555 |
|
46,254 |
|
--- |
|
54,472
|
|
Other commercial and industrial |
|
12,146,017 |
|
145,111 |
|
337,805 |
|
1,365 |
|
12,630,298
|
Total commercial and industrial |
$ |
16,118,277 |
$ |
260,397 |
$ |
589,881 |
$ |
2,134 |
$ |
16,970,689
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,184,987 |
$ |
63,976 |
$ |
181,896 |
$ |
--- |
$ |
1,430,859
|
|
Multi family |
|
902,616 |
|
24,098 |
|
57,548 |
|
138 |
|
984,400
|
|
Office |
|
826,533 |
|
26,488 |
|
83,093 |
|
--- |
|
936,114
|
|
Industrial and warehouse |
|
540,484 |
|
15,132 |
|
41,286 |
|
--- |
|
596,902
|
|
Purchased impaired |
|
10,052 |
|
18,085 |
|
98,786 |
|
--- |
|
126,923
|
|
Other commercial real estate |
|
1,177,213 |
|
43,454 |
|
103,262 |
|
113 |
|
1,324,042
|
Total commercial real estate |
$ |
4,641,885 |
$ |
191,233 |
$ |
565,871 |
$ |
251 |
$ |
5,399,240
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (1)
|
|
|
750+ |
650-749 |
<650 |
Other (2) |
Total
|
Automobile |
$ |
2,233,439 |
$ |
1,900,824 |
$ |
682,518 |
$ |
117,039 |
$ |
4,933,820(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
2,618,888 |
$ |
1,345,621 |
$ |
357,019 |
$ |
59,059 |
$ |
4,380,587
|
|
Secured by junior-lien |
|
2,046,143 |
|
1,375,636 |
|
491,226 |
|
41,750 |
|
3,954,755
|
Total home equity |
$ |
4,665,031 |
$ |
2,721,257 |
$ |
848,245 |
$ |
100,809 |
$ |
8,335,342
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
2,561,210 |
$ |
1,673,485 |
$ |
711,750 |
$ |
20,984 |
$ |
4,967,429
|
|
Purchased impaired |
|
373 |
|
1,303 |
|
567 |
|
--- |
|
2,243
|
Total residential mortgage |
$ |
2,561,583 |
$ |
1,674,788 |
$ |
712,317 |
$ |
20,984 |
$ |
4,969,672
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
169,792 |
$ |
167,389 |
$ |
59,815 |
$ |
22,526 |
$ |
419,522
|
|
Purchased impaired |
|
--- |
|
93 |
|
47 |
|
--- |
|
140
|
Total other consumer loans |
$ |
169,792 |
$ |
167,482 |
$ |
59,862 |
$ |
22,526 |
$ |
419,662
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 $0.3 billion of loans reflected as loans held for sale related to an automobile securitization expected to be completed in 2013.
|
(4) |
Includes $1.25 billion of loans reflected as loans held for sale related to an automobile securitization completed in 2012.
|
|
Summarized data for impaired loans and the related ALLL by portfolio segment |
A loan is considered to be impaired when, based on current information and events, it is probable that not all amounts due according to the contractual terms of the loan agreement will be collected. The following tables present the balance of the ALLL attributable to loans by portfolio segment individually and collectively evaluated for impairment and the related loan and lease balance for the years ended December 31, 2012, 2011, and 2010 (1):
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
Attributable to loans individually evaluated for impairment |
|
11,694 |
|
31,133 |
|
1,446 |
|
4,783 |
|
14,176 |
|
213 |
|
63,445 |
|
|
Attributable to loans collectively evaluated for impairment |
|
229,357 |
|
254,236 |
|
33,533 |
|
113,981 |
|
47,482 |
|
27,041 |
|
705,630 |
|
Total ALLL balance |
$ |
241,051 |
$ |
285,369 |
$ |
34,979 |
$ |
118,764 |
$ |
61,658 |
$ |
27,254 |
$ |
769,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
54,472 |
$ |
126,923 |
$ |
--- |
$ |
--- |
$ |
2,243 |
$ |
140 |
$ |
183,778 |
|
|
Individually evaluated for impairment |
|
119,535 |
|
298,891 |
|
43,607 |
|
117,532 |
|
374,526 |
|
2,657 |
|
956,748 |
|
|
Collectively evaluated for impairment |
|
16,796,682 |
|
4,973,426 |
|
4,590,213 |
|
8,217,810 |
|
4,592,903 |
|
416,865 |
|
39,587,899 |
|
Total loans evaluated for impairment |
$ |
16,970,689 |
$ |
5,399,240 |
$ |
4,633,820 |
$ |
8,335,342 |
$ |
4,969,672 |
$ |
419,662 |
$ |
40,728,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With allowance assigned to the loan and lease balances |
$ |
86,644 |
$ |
193,413 |
$ |
43,607 |
$ |
117,532 |
$ |
374,526 |
$ |
2,657 |
$ |
818,379 |
|
|
With no allowance assigned to the loan and lease balances |
|
87,363 |
|
232,401 |
|
--- |
|
--- |
|
2,243 |
|
140 |
|
322,147 |
|
Total |
$ |
174,007 |
$ |
425,814 |
$ |
43,607 |
$ |
117,532 |
$ |
376,769 |
$ |
2,797 |
$ |
1,140,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average balance of impaired loans |
$ |
179,692 |
$ |
474,362 |
$ |
39,139 |
$ |
79,523 |
$ |
348,727 |
$ |
4,448 |
$ |
1,125,891 |
|
ALLL on impaired loans |
|
11,694 |
|
31,133 |
|
1,446 |
|
4,783 |
|
14,176 |
|
213 |
|
63,445 |
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
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 at December 31, 2011 |
$ |
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: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
153,724 |
|
387,402 |
|
36,574 |
|
52,593 |
|
335,768 |
|
6,220 |
|
972,281 |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With allowance assigned to the loan and lease balances |
$ |
153,724 |
$ |
305,390 |
$ |
36,574 |
$ |
52,593 |
$ |
335,768 |
$ |
6,220 |
$ |
890,269 |
|
|
With no allowance assigned to the loan and lease balances |
|
--- |
|
82,012 |
|
--- |
|
--- |
|
--- |
|
--- |
|
82,012 |
|
Total |
$ |
153,724 |
$ |
387,402 |
$ |
36,574 |
$ |
52,593 |
$ |
335,768 |
$ |
6,220 |
$ |
972,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average balance of impaired loans |
$ |
165,179 |
$ |
358,429 |
$ |
32,476 |
$ |
42,903 |
$ |
335,549 |
$ |
7,699 |
$ |
942,235 |
|
ALLL on impaired loans |
|
30,613 |
|
55,306 |
|
1,393 |
|
1,619 |
|
16,091 |
|
530 |
|
105,552 |
|
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 ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2010: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With allowance assigned to the loan and lease balances |
$ |
173,243 |
$ |
241,256 |
$ |
29,764 |
$ |
37,257 |
$ |
334,207 |
$ |
9,565 |
$ |
825,292 |
|
|
With no allowance assigned to the loan and lease balances |
|
24,877 |
|
69,412 |
|
--- |
|
--- |
|
--- |
|
--- |
|
94,289 |
|
Total |
$ |
198,120 |
$ |
310,668 |
$ |
29,764 |
$ |
37,257 |
$ |
334,207 |
$ |
9,565 |
$ |
919,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average balance of impaired loans |
$ |
230,647 |
$ |
471,080 |
$ |
26,281 |
$ |
33,808 |
$ |
293,256 |
$ |
9,163 |
$ |
1,064,235 |
|
ALLL on impaired loans |
|
63,308 |
|
65,129 |
|
1,477 |
|
1,498 |
|
11,780 |
|
668 |
|
143,860 |
|
Detailed impaired loan information by class |
The following tables present by class the ending, unpaid principal balance, and the related ALLL, along with the average balance and interest income recognized only for loans and leases individually evaluated for impairment and purchased credit-impaired loans for the years ended December 31, 2012 and 2011 (1), (2):
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2012 |
|
December 31, 2012 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Interest |
|
|
|
Ending |
Principal |
Related |
|
Average |
Income |
(dollar amounts in thousands) |
Balance |
Balance (5) |
Allowance |
|
Balance |
Recognized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
1,050 |
$ |
1,091 |
$ |
--- |
|
$ |
4,246 |
$ |
77 |
|
|
Purchased credit-impaired |
|
54,472 |
|
80,294 |
|
--- |
|
|
57,602 |
|
2,359 |
|
|
Other commercial and industrial |
|
31,841 |
|
54,520 |
|
--- |
|
|
11,922 |
|
555 |
|
Total commercial and industrial |
$ |
87,363 |
$ |
135,905 |
$ |
--- |
|
$ |
73,770 |
$ |
2,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
54,216 |
$ |
56,569 |
$ |
--- |
|
$ |
51,939 |
$ |
2,758 |
|
|
Multi family |
|
5,719 |
|
5,862 |
|
--- |
|
|
5,631 |
|
353 |
|
|
Office |
|
20,051 |
|
24,843 |
|
--- |
|
|
6,734 |
|
405 |
|
|
Industrial and warehouse |
|
15,013 |
|
17,476 |
|
--- |
|
|
9,877 |
|
501 |
|
|
Purchased credit-impaired |
|
126,923 |
|
226,093 |
|
--- |
|
|
141,278 |
|
5,497 |
|
|
Other commercial real estate |
|
10,479 |
|
10,728 |
|
--- |
|
|
15,125 |
|
501 |
|
Total commercial real estate |
$ |
232,401 |
$ |
341,571 |
$ |
--- |
|
$ |
230,584 |
$ |
10,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Secured by junior-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total home equity |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
2,243 |
|
4,104 |
|
--- |
|
|
3,521 |
|
97 |
|
Total residential mortgage |
$ |
2,243 |
$ |
4,104 |
$ |
--- |
|
$ |
3,521 |
$ |
97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
140 |
|
245 |
|
--- |
|
|
622 |
|
6 |
|
Total other consumer |
$ |
140 |
$ |
245 |
$ |
--- |
|
$ |
622 |
$ |
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
46,266 |
$ |
56,925 |
$ |
5,730 |
|
$ |
40,029 |
$ |
1,327 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial and industrial |
|
40,378 |
|
52,996 |
|
5,964 |
|
|
65,893 |
|
2,304 |
|
Total commercial and industrial |
$ |
86,644 |
$ |
109,921 |
$ |
11,694 |
|
$ |
105,922 |
$ |
3,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
65,004 |
$ |
73,000 |
$ |
8,144 |
|
$ |
107,842 |
$ |
4,730 |
|
|
Multi family |
|
17,410 |
|
18,531 |
|
2,662 |
|
|
27,953 |
|
1,371 |
|
|
Office |
|
40,375 |
|
45,164 |
|
9,214 |
|
|
18,751 |
|
379 |
|
|
Industrial and warehouse |
|
22,450 |
|
25,374 |
|
1,092 |
|
|
24,454 |
|
717 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial real estate |
|
48,174 |
|
63,148 |
|
10,021 |
|
|
64,778 |
|
2,413 |
|
Total commercial real estate |
$ |
193,413 |
$ |
225,217 |
$ |
31,133 |
|
$ |
243,778 |
$ |
9,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
43,607 |
$ |
44,790 |
$ |
1,446 |
|
$ |
39,139 |
$ |
3,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
76,258 |
$ |
80,831 |
$ |
1,329 |
|
$ |
54,898 |
$ |
2,651 |
|
|
Secured by junior-lien |
|
41,274 |
|
63,390 |
|
3,454 |
|
|
24,625 |
|
1,382 |
|
Total home equity |
$ |
117,532 |
$ |
144,221 |
$ |
4,783 |
|
$ |
79,523 |
$ |
4,033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
374,526 |
$ |
413,583 |
$ |
14,176 |
|
$ |
345,206 |
$ |
11,420 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total residential mortgage |
$ |
374,526 |
$ |
413,583 |
$ |
14,176 |
|
$ |
345,206 |
$ |
11,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
2,657 |
$ |
2,657 |
$ |
213 |
|
$ |
3,826 |
$ |
126 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total other consumer |
$ |
2,657 |
$ |
2,657 |
$ |
213 |
|
$ |
3,826 |
$ |
126 |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2011 |
|
December 31, 2011 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Interest |
|
|
|
Ending |
Principal |
Related |
|
Average |
Income |
|
|
|
Balance |
Balance (5) |
Allowance |
|
Balance |
Recognized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
6,285 |
$ |
169 |
|
|
Other commercial and industrial |
|
--- |
|
--- |
|
--- |
|
|
5,040 |
|
162 |
|
Total commercial and industrial |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
11,325 |
$ |
331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
43,970 |
$ |
45,192 |
$ |
--- |
|
$ |
26,717 |
$ |
1,082 |
|
|
Multi family |
|
6,292 |
|
6,435 |
|
--- |
|
|
13,757 |
|
701 |
|
|
Office |
|
1,191 |
|
1,261 |
|
--- |
|
|
1,624 |
|
9 |
|
|
Industrial and warehouse |
|
8,163 |
|
9,945 |
|
--- |
|
|
3,961 |
|
131 |
|
|
Other commercial real estate |
|
22,396 |
|
38,401 |
|
--- |
|
|
25,077 |
|
796 |
|
Total commercial real estate |
$ |
82,012 |
$ |
101,234 |
$ |
--- |
|
$ |
71,136 |
$ |
2,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
Home equity loans and lines-of-credit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Secured by junior-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Residential mortgage |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Other consumer loans |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
53,613 |
$ |
77,205 |
$ |
7,377 |
|
$ |
53,219 |
$ |
1,633 |
|
|
Other commercial and industrial |
|
100,111 |
|
117,469 |
|
23,236 |
|
|
100,635 |
|
2,952 |
|
Total commercial and industrial |
$ |
153,724 |
$ |
194,674 |
$ |
30,613 |
|
$ |
153,854 |
$ |
4,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
129,396 |
$ |
161,596 |
$ |
30,363 |
|
$ |
102,384 |
$ |
2,897 |
|
|
Multi family |
|
38,154 |
|
45,138 |
|
4,753 |
|
|
28,847 |
|
829 |
|
|
Office |
|
23,568 |
|
42,287 |
|
2,832 |
|
|
26,589 |
|
228 |
|
|
Industrial and warehouse |
|
29,435 |
|
47,373 |
|
3,136 |
|
|
42,862 |
|
740 |
|
|
Other commercial real estate |
|
84,837 |
|
119,212 |
|
14,222 |
|
|
86,611 |
|
2,326 |
|
Total commercial real estate |
$ |
305,390 |
$ |
415,606 |
$ |
55,306 |
|
$ |
287,293 |
$ |
7,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
36,574 |
$ |
36,574 |
$ |
1,393 |
|
$ |
32,476 |
$ |
2,982 |
|
Home equity loans and lines-of-credit: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
35,842 |
|
35,842 |
|
626 |
|
|
26,956 |
|
1,201 |
|
|
Secured by junior-lien |
|
16,751 |
|
16,751 |
|
993 |
|
|
15,947 |
|
751 |
|
Residential mortgage |
|
335,768 |
|
361,161 |
|
16,091 |
|
|
335,549 |
|
12,894 |
|
Other consumer loans |
|
6,220 |
|
6,220 |
|
530 |
|
|
7,699 |
|
478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
These tables do not include loans fully charged-off. |
(2) |
All automobile, home equity, residential mortgage, and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR. |
(3) |
At December 31, 2012, $44,265 thousand of the $86,644 thousand commercial and industrial loans with an allowance recorded were considered impaired due to their status as a TDR. |
(4) |
At December 31, 2012, $31,605 thousand of the $193,413 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 December 31, 2012, $28,695 thousand of the $374,526 thousand residential mortgage loans with an allowance recorded were guaranteed by the U.S. government. |
|
Detailed troubled debt restructuring information by class |
The following table presents by class and by the reason for the modification the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the years ended December 31, 2012 and 2011:
|
|
New Troubled Debt Restructurings During The Year Ended(1)
|
|
|
December 31, 2012 |
|
December 31, 2011
|
|
|
|
Post-modification |
|
|
|
|
|
|
|
|
|
Outstanding |
|
|
|
Post-modification |
|
(dollar amounts in thousands)
|
Number of |
Ending |
Financial effects
|
|
Number of |
Outstanding |
Financial effects
|
|
Contracts |
Balance |
of modification(2)
|
|
Contracts |
Balance |
of modification(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Owner occupied:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
28 |
$ |
10,501 |
$ |
145
|
|
40 |
$ |
19,152 |
$ |
(531)
|
|
Amortization or maturity date change
|
95 |
|
23,337 |
|
660
|
|
60 |
|
22,378 |
|
(1,838)
|
|
Other
|
16 |
|
4,923 |
|
1,089
|
|
7 |
|
3,373 |
|
231
|
Total C&I - Owner occupied
|
139 |
$ |
38,761 |
$ |
1,894
|
|
107 |
$ |
44,903 |
$ |
(2,138)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Other commercial and industrial:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
27 |
$ |
7,436 |
$ |
(2)
|
|
28 |
$ |
22,519 |
$ |
(74)
|
|
Amortization or maturity date change
|
141 |
|
76,814 |
|
(3,037)
|
|
73 |
|
27,822 |
|
(176)
|
|
Other
|
32 |
|
37,202 |
|
1,265
|
|
31 |
|
56,184 |
|
(3,131)
|
Total C&I - Other commercial and industrial
|
200 |
$ |
121,452 |
$ |
(1,774)
|
|
132 |
$ |
106,525 |
$ |
(3,381)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Retail properties:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
9 |
$ |
6,883 |
$ |
957
|
|
9 |
$ |
47,473 |
$ |
4,242
|
|
Amortization or maturity date change
|
15 |
|
4,472 |
|
(25)
|
|
20 |
|
31,521 |
|
6,112
|
|
Other
|
3 |
|
1,680 |
|
(1)
|
|
7 |
|
15,672 |
|
1,267
|
Total CRE - Retail properties
|
27 |
$ |
13,035 |
$ |
931
|
|
36 |
$ |
94,666 |
$ |
11,621
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Multi family:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
11 |
$ |
1,288 |
$ |
(27)
|
|
13 |
$ |
6,601 |
$ |
(208)
|
|
Amortization or maturity date change
|
32 |
|
3,554 |
|
(1)
|
|
10 |
|
2,744 |
|
22
|
|
Other
|
7 |
|
7,961 |
|
668
|
|
3 |
|
869 |
|
388
|
Total CRE - Multi family
|
50 |
$ |
12,803 |
$ |
640
|
|
26 |
$ |
10,214 |
$ |
202
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Office:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
4 |
$ |
4,155 |
$ |
(236)
|
|
5 |
$ |
1,923 |
$ |
212
|
|
Amortization or maturity date change
|
12 |
|
40,152 |
|
4,199
|
|
2 |
|
1,238 |
|
83
|
|
Other
|
6 |
|
1,637 |
|
276
|
|
3 |
|
--- |
|
(408)
|
Total CRE - Office
|
22 |
$ |
45,944 |
$ |
4,239
|
|
10 |
$ |
3,161 |
$ |
(113)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Industrial and warehouse:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
3 |
$ |
7,470 |
$ |
(296)
|
|
1 |
$ |
2,165 |
$ |
(299)
|
|
Amortization or maturity date change
|
16 |
|
34,613 |
|
(3,857)
|
|
7 |
|
19,448 |
|
(5,446)
|
|
Other
|
1 |
|
1,047 |
|
(30)
|
|
1 |
|
2,147 |
|
(937)
|
Total CRE - Industrial and Warehouse
|
20 |
$ |
43,130 |
$ |
(4,183)
|
|
9 |
$ |
23,760 |
$ |
(6,682)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Other commercial real estate:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
10 |
$ |
2,944 |
$ |
(288)
|
|
18 |
$ |
18,620 |
$ |
(1,180)
|
|
Amortization or maturity date change
|
48 |
|
80,672 |
|
4,090
|
|
64 |
|
106,532 |
|
(2,288)
|
|
Other
|
6 |
|
10,030 |
|
(2,024)
|
|
5 |
|
8,199 |
|
19
|
Total CRE - Other commercial real estate
|
64 |
$ |
93,646 |
$ |
1,778
|
|
87 |
$ |
133,351 |
$ |
(3,449)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile:(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
40 |
$ |
368 |
$ |
4
|
|
38 |
$ |
554 |
$ |
4
|
|
Amortization or maturity date change
|
1,910 |
|
13,186 |
|
(103)
|
|
2,010 |
|
17,221 |
|
(143)
|
|
Chapter 7 bankruptcy
|
2,104 |
|
12,423 |
|
1,866
|
|
--- |
|
--- |
|
---
|
|
Other
|
--- |
|
--- |
|
---
|
|
--- |
|
--- |
|
---
|
Total Automobile
|
4,054 |
$ |
25,977 |
$ |
1,767
|
|
2,048 |
$ |
17,775 |
$ |
(139)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage:(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
25 |
$ |
8,795 |
$ |
(40)
|
|
10 |
$ |
12,637 |
$ |
(567)
|
|
Amortization or maturity date change
|
482 |
|
65,336 |
|
1,394
|
|
655 |
|
91,979 |
|
1,988
|
|
Chapter 7 bankruptcy
|
583 |
|
45,193 |
|
4,854
|
|
--- |
|
--- |
|
---
|
|
Other
|
15 |
|
1,836 |
|
81
|
|
26 |
|
4,391 |
|
108
|
Total Residential mortgage
|
1,105 |
$ |
121,160 |
$ |
6,289
|
|
691 |
$ |
109,007 |
$ |
1,529
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First-lien home equity:(6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction
|
222 |
$ |
28,381 |
$ |
4,424
|
|
142 |
$ |
17,275 |
$ |
2,722
|
|
Amortization or maturity date change
|
130 |
|
10,468 |
|
(49)
|
|
89 |
|
| |