LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Receivables [Abstract] |
|
| Loan and Lease Portfolio |
The following table provides a detailed listing of Huntington’s loan and lease portfolio at June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
June 30,
2016 |
|
December 31,
2015 |
Loans and leases: |
|
|
|
Commercial and industrial |
$ |
21,372,474 |
|
|
$ |
20,559,834 |
|
Commercial real estate |
5,322,068 |
|
|
5,268,651 |
|
Automobile |
10,380,644 |
|
|
9,480,678 |
|
Home equity |
8,447,066 |
|
|
8,470,482 |
|
Residential mortgage |
6,377,017 |
|
|
5,998,400 |
|
Other consumer |
644,152 |
|
|
563,054 |
|
Loans and leases |
52,543,421 |
|
|
50,341,099 |
|
Allowance for loan and lease losses |
(623,064 |
) |
|
(597,843 |
) |
Net loans and leases |
$ |
51,920,357 |
|
|
$ |
49,743,256 |
|
|
| Loans acquired with deteriorated credit quality |
|
| Loan Purchases and Sales |
The following table summarizes significant portfolio loan purchase and sale activity for the three-month and six-month periods ended June 30, 2016 and 2015. The table below excludes mortgage loans originated for sale.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Automobile |
|
|
Home
Equity |
|
Residential
Mortgage |
|
Other
Consumer |
|
Total |
Portfolio loans and leases purchased or transferred from held for sale during the: |
Three-month period ended June 30, 2016 |
$ |
35,198 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
$ |
1,669 |
|
|
$ |
— |
|
|
$ |
36,867 |
|
Six-month period ended June 30, 2016 |
$ |
338,172 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
$ |
3,813 |
|
|
$ |
— |
|
|
$ |
341,985 |
|
Three-month period ended June 30, 2015 |
31,905 |
|
|
— |
|
|
— |
|
|
|
— |
|
|
2,754 |
|
|
$ |
— |
|
|
34,659 |
|
Six-month period ended June 30, 2015 |
44,496 |
|
|
— |
|
|
— |
|
|
|
— |
|
|
6,637 |
|
|
— |
|
|
51,133 |
|
Portfolio loans and leases sold or transferred to loans held for sale during the: |
Three-month period ended June 30, 2016 |
$ |
96,278 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
96,278 |
|
Six-month period ended June 30, 2016 |
$ |
240,797 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
240,797 |
|
Three-month period ended June 30, 2015 |
100,202 |
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
— |
|
|
100,202 |
|
Six-month period ended June 30, 2015 |
185,902 |
|
|
— |
|
|
764,540 |
|
(1) |
|
— |
|
|
— |
|
|
— |
|
|
950,442 |
|
|
|
(1) |
Reflects the transfer of approximately $1.0 billion automobile loans to loans held-for-sale at March 31, 2015
|
|
| NALs and Past Due Loans |
The following table presents NALs by loan class at June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
June 30,
2016 |
|
December 31,
2015 |
Commercial and industrial: |
|
|
|
Owner occupied |
$ |
27,624 |
|
|
$ |
35,481 |
|
Other commercial and industrial |
262,187 |
|
|
139,714 |
|
Total commercial and industrial |
289,811 |
|
|
175,195 |
|
Commercial real estate: |
|
|
|
Retail properties |
2,345 |
|
|
7,217 |
|
Multi-family |
5,819 |
|
|
5,819 |
|
Office |
10,742 |
|
|
10,495 |
|
Industrial and warehouse |
1,864 |
|
|
2,202 |
|
Other commercial real estate |
2,893 |
|
|
3,251 |
|
Total commercial real estate |
23,663 |
|
|
28,984 |
|
Automobile |
5,049 |
|
|
6,564 |
|
Home equity: |
|
|
|
Secured by first-lien |
33,279 |
|
|
35,389 |
|
Secured by junior-lien |
23,566 |
|
|
30,889 |
|
Total home equity |
56,845 |
|
|
66,278 |
|
Residential mortgage |
85,174 |
|
|
94,560 |
|
Other consumer |
5 |
|
|
— |
|
Total nonaccrual loans |
$ |
460,547 |
|
|
$ |
371,581 |
|
|
| 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 June 30, 2016 and December 31, 2015: (1)
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
Past Due |
|
|
|
Total Loans
and Leases |
|
90 or more
days past due
and accruing |
|
(dollar amounts in thousands) |
30-59 Days |
|
60-89 Days |
|
90 or more days |
Total |
|
Current |
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,143 |
|
|
$ |
3,336 |
|
|
$ |
10,779 |
|
|
$ |
17,258 |
|
|
$ |
3,934,039 |
|
|
$ |
3,951,297 |
|
|
$ |
— |
|
|
Purchased credit-impaired |
178 |
|
|
172 |
|
|
3,750 |
|
|
4,100 |
|
|
5,076 |
|
|
9,176 |
|
|
3,750 |
|
(2) |
Other commercial and industrial |
16,936 |
|
|
7,229 |
|
|
44,420 |
|
|
68,585 |
|
|
17,343,416 |
|
|
17,412,001 |
|
|
1,866 |
|
(3) |
Total commercial and industrial |
20,257 |
|
|
10,737 |
|
|
58,949 |
|
|
89,943 |
|
|
21,282,531 |
|
|
21,372,474 |
|
|
5,616 |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
86 |
|
|
199 |
|
|
810 |
|
|
1,095 |
|
|
1,600,914 |
|
|
1,602,009 |
|
|
— |
|
|
Multi-family |
507 |
|
|
802 |
|
|
1,892 |
|
|
3,201 |
|
|
999,638 |
|
|
1,002,839 |
|
|
— |
|
|
Office |
— |
|
|
40 |
|
|
10,519 |
|
|
10,559 |
|
|
845,284 |
|
|
855,843 |
|
|
— |
|
|
Industrial and warehouse |
156 |
|
|
324 |
|
|
894 |
|
|
1,374 |
|
|
490,912 |
|
|
492,286 |
|
|
— |
|
|
Purchased credit-impaired |
— |
|
|
335 |
|
|
10,799 |
|
|
11,134 |
|
|
5,939 |
|
|
17,073 |
|
|
10,799 |
|
(2) |
Other commercial real estate |
351 |
|
|
620 |
|
|
1,713 |
|
|
2,684 |
|
|
1,349,334 |
|
|
1,352,018 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial real estate |
1,100 |
|
|
2,320 |
|
|
26,627 |
|
|
30,047 |
|
|
5,292,021 |
|
|
5,322,068 |
|
|
10,799 |
|
|
Automobile |
61,988 |
|
|
13,900 |
|
|
5,589 |
|
|
81,477 |
|
|
10,299,167 |
|
|
10,380,644 |
|
|
5,452 |
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
12,311 |
|
|
7,008 |
|
|
24,565 |
|
|
43,884 |
|
|
5,198,668 |
|
|
5,242,552 |
|
|
4,775 |
|
|
Secured by junior-lien |
15,514 |
|
|
6,844 |
|
|
21,261 |
|
|
43,619 |
|
|
3,160,895 |
|
|
3,204,514 |
|
|
2,804 |
|
|
Total home equity |
27,825 |
|
|
13,852 |
|
|
45,826 |
|
|
87,503 |
|
|
8,359,563 |
|
|
8,447,066 |
|
|
7,579 |
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
86,760 |
|
|
35,127 |
|
|
110,859 |
|
|
232,746 |
|
|
6,143,167 |
|
|
6,375,913 |
|
|
67,488 |
|
(4) |
Purchased credit-impaired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,104 |
|
|
1,104 |
|
|
— |
|
|
Total residential mortgage |
86,760 |
|
|
35,127 |
|
|
110,859 |
|
|
232,746 |
|
|
6,144,271 |
|
|
6,377,017 |
|
|
67,488 |
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
7,323 |
|
|
2,377 |
|
|
1,645 |
|
|
11,345 |
|
|
632,807 |
|
|
644,152 |
|
|
1,645 |
|
|
Purchased credit-impaired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
Total other consumer |
7,323 |
|
|
2,377 |
|
|
1,645 |
|
|
11,345 |
|
|
632,807 |
|
|
644,152 |
|
|
1,645 |
|
|
Total loans and leases |
$ |
205,253 |
|
|
$ |
78,313 |
|
|
$ |
249,495 |
|
|
$ |
533,061 |
|
|
$ |
52,010,360 |
|
|
$ |
52,543,421 |
|
|
$ |
98,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Past Due |
|
|
|
Total Loans
and Leases |
|
90 or more
days past due
and accruing |
|
(dollar amounts in thousands) |
30-59 Days |
|
60-89 Days |
|
90 or more days |
Total |
|
Current |
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
11,947 |
|
|
$ |
3,613 |
|
|
$ |
13,793 |
|
|
$ |
29,353 |
|
|
$ |
3,983,447 |
|
|
$ |
4,012,800 |
|
|
$ |
— |
|
|
Purchased credit-impaired |
292 |
|
|
1,436 |
|
|
5,949 |
|
|
7,677 |
|
|
13,340 |
|
|
21,017 |
|
|
5,949 |
|
(2) |
Other commercial and industrial |
32,476 |
|
|
8,531 |
|
|
27,236 |
|
|
68,243 |
|
|
16,457,774 |
|
|
16,526,017 |
|
|
2,775 |
|
(3) |
Total commercial and industrial |
44,715 |
|
|
13,580 |
|
|
46,978 |
|
|
105,273 |
|
|
20,454,561 |
|
|
20,559,834 |
|
|
8,724 |
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
1,823 |
|
|
195 |
|
|
3,637 |
|
|
5,655 |
|
|
1,501,054 |
|
|
1,506,709 |
|
|
— |
|
|
Multi family |
961 |
|
|
1,137 |
|
|
2,691 |
|
|
4,789 |
|
|
1,073,429 |
|
|
1,078,218 |
|
|
— |
|
|
Office |
5,022 |
|
|
256 |
|
|
3,016 |
|
|
8,294 |
|
|
886,331 |
|
|
894,625 |
|
|
— |
|
|
Industrial and warehouse |
93 |
|
|
— |
|
|
373 |
|
|
466 |
|
|
503,701 |
|
|
504,167 |
|
|
— |
|
|
Purchased credit-impaired |
102 |
|
|
3,818 |
|
|
9,549 |
|
|
13,469 |
|
|
289 |
|
|
13,758 |
|
|
9,549 |
|
(2) |
Other commercial real estate |
1,231 |
|
|
315 |
|
|
2,400 |
|
|
3,946 |
|
|
1,267,228 |
|
|
1,271,174 |
|
|
— |
|
|
Total commercial real estate |
9,232 |
|
|
5,721 |
|
|
21,666 |
|
|
36,619 |
|
|
5,232,032 |
|
|
5,268,651 |
|
|
9,549 |
|
|
Automobile |
69,553 |
|
|
14,965 |
|
|
7,346 |
|
|
91,864 |
|
|
9,388,814 |
|
|
9,480,678 |
|
|
7,162 |
|
|
Home equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
18,349 |
|
|
7,576 |
|
|
26,304 |
|
|
52,229 |
|
|
5,139,256 |
|
|
5,191,485 |
|
|
4,499 |
|
|
Secured by junior-lien |
18,128 |
|
|
9,329 |
|
|
29,996 |
|
|
57,453 |
|
|
3,221,544 |
|
|
3,278,997 |
|
|
4,545 |
|
|
Total home equity |
36,477 |
|
|
16,905 |
|
|
56,300 |
|
|
109,682 |
|
|
8,360,800 |
|
|
8,470,482 |
|
|
9,044 |
|
|
Residential mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
102,670 |
|
|
34,298 |
|
|
119,354 |
|
|
256,322 |
|
|
5,740,624 |
|
|
5,996,946 |
|
|
69,917 |
|
(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchased credit-impaired |
103 |
|
|
— |
|
|
— |
|
|
103 |
|
|
1,351 |
|
|
1,454 |
|
|
— |
|
|
Total residential mortgage |
102,773 |
|
|
34,298 |
|
|
119,354 |
|
|
256,425 |
|
|
5,741,975 |
|
|
5,998,400 |
|
|
69,917 |
|
|
Other consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
6,469 |
|
|
1,852 |
|
|
1,395 |
|
|
9,716 |
|
|
553,286 |
|
|
563,002 |
|
|
1,394 |
|
|
Purchased credit-impaired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
52 |
|
|
52 |
|
|
— |
|
|
Total other consumer |
6,469 |
|
|
1,852 |
|
|
1,395 |
|
|
9,716 |
|
|
553,338 |
|
|
563,054 |
|
|
1,394 |
|
|
Total loans and leases |
$ |
269,219 |
|
|
$ |
87,321 |
|
|
$ |
253,039 |
|
|
$ |
609,579 |
|
|
$ |
49,731,520 |
|
|
$ |
50,341,099 |
|
|
$ |
105,790 |
|
|
|
|
(1) |
NALs are included in this aging analysis based on the loan’s past due status. |
|
|
(2) |
Amounts represent accruing purchased impaired loans related to acquisitions. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status. |
|
|
(3) |
Amounts include Huntington Technology Finance administrative lease delinquencies. |
|
|
(4) |
Includes $56 million guaranteed by the U.S. government.
|
|
|
(5) |
Includes $56 million guaranteed by the U.S. government.
|
|
| ALLL and AULC activity by portfolio segment |
The following table presents ALLL and AULC activity by portfolio segment for the three-month and six-month periods ended June 30, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Automobile |
|
Home
Equity |
|
Residential
Mortgage |
|
Other
Consumer |
|
Total |
Three-month period ended June 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
320,367 |
|
|
$ |
102,074 |
|
|
$ |
48,032 |
|
|
$ |
78,102 |
|
|
$ |
40,842 |
|
|
$ |
24,302 |
|
|
$ |
613,719 |
|
Loan charge-offs |
(14,743 |
) |
|
(2,190 |
) |
|
(8,850 |
) |
|
(5,910 |
) |
|
(2,923 |
) |
|
(8,929 |
) |
|
(43,545 |
) |
Recoveries of loans previously charged-off |
11,041 |
|
|
2,863 |
|
|
4,530 |
|
|
4,832 |
|
|
2,147 |
|
|
1,377 |
|
|
26,790 |
|
Provision (reduction in allowance) for loan and lease losses |
6,800 |
|
|
(1,705 |
) |
|
6,819 |
|
|
(542 |
) |
|
2,312 |
|
|
12,402 |
|
|
26,086 |
|
Write-downs of loans sold or transferred to loans held for sale |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
14 |
|
|
— |
|
|
14 |
|
ALLL balance, end of period |
$ |
323,465 |
|
|
$ |
101,042 |
|
|
$ |
50,531 |
|
|
$ |
76,482 |
|
|
$ |
42,392 |
|
|
$ |
29,152 |
|
|
$ |
623,064 |
|
AULC balance, beginning of period |
$ |
58,385 |
|
|
$ |
7,487 |
|
|
$ |
— |
|
|
$ |
2,110 |
|
|
$ |
20 |
|
|
$ |
7,323 |
|
|
$ |
75,325 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
(2,343 |
) |
|
188 |
|
|
— |
|
|
40 |
|
|
(11 |
) |
|
549 |
|
|
(1,577 |
) |
AULC balance, end of period |
$ |
56,042 |
|
|
$ |
7,675 |
|
|
$ |
— |
|
|
$ |
2,150 |
|
|
$ |
9 |
|
|
$ |
7,872 |
|
|
$ |
73,748 |
|
ACL balance, end of period |
$ |
379,507 |
|
|
$ |
108,717 |
|
|
$ |
50,531 |
|
|
$ |
78,632 |
|
|
$ |
42,401 |
|
|
$ |
37,024 |
|
|
$ |
696,812 |
|
Six-month period ended June 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
298,746 |
|
|
$ |
100,007 |
|
|
$ |
49,504 |
|
|
$ |
83,671 |
|
|
$ |
41,646 |
|
|
$ |
24,269 |
|
|
$ |
597,843 |
|
Loan charge-offs |
(31,566 |
) |
|
(14,316 |
) |
|
(20,336 |
) |
|
(13,620 |
) |
|
(5,683 |
) |
|
(17,716 |
) |
|
(103,237 |
) |
Recoveries of loans previously charged-off |
21,350 |
|
|
32,465 |
|
|
9,246 |
|
|
8,861 |
|
|
3,260 |
|
|
2,748 |
|
|
77,930 |
|
Provision (reduction in allowance) for loan and lease losses |
34,935 |
|
|
(17,114 |
) |
|
12,117 |
|
|
(2,430 |
) |
|
3,065 |
|
|
19,851 |
|
|
50,424 |
|
Write-downs of loans sold or transferred to loans held for sale |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
104 |
|
|
— |
|
|
104 |
|
ALLL balance, end of period |
$ |
323,465 |
|
|
$ |
101,042 |
|
|
$ |
50,531 |
|
|
$ |
76,482 |
|
|
$ |
42,392 |
|
|
$ |
29,152 |
|
|
$ |
623,064 |
|
AULC balance, beginning of period |
$ |
55,886 |
|
|
$ |
7,562 |
|
|
$ |
— |
|
|
$ |
2,068 |
|
|
$ |
18 |
|
|
$ |
6,547 |
|
|
$ |
72,081 |
|
Provision for (reduction in allowance) unfunded loan commitments and letters of credit |
156 |
|
|
113 |
|
|
— |
|
|
82 |
|
|
(9 |
) |
|
1,325 |
|
|
1,667 |
|
AULC balance, end of period |
$ |
56,042 |
|
|
$ |
7,675 |
|
|
$ |
— |
|
|
$ |
2,150 |
|
|
$ |
9 |
|
|
$ |
7,872 |
|
|
$ |
73,748 |
|
ACL balance, end of period |
$ |
379,507 |
|
|
$ |
108,717 |
|
|
$ |
50,531 |
|
|
$ |
78,632 |
|
|
$ |
42,401 |
|
|
$ |
37,024 |
|
|
$ |
696,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
Commercial
and Industrial |
|
Commercial
Real Estate |
|
Automobile |
|
Home
Equity |
|
Residential
Mortgage |
|
Other
Consumer |
|
Total |
Three-month period ended June 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
284,573 |
|
|
$ |
100,752 |
|
|
$ |
37,125 |
|
|
$ |
110,280 |
|
|
$ |
55,380 |
|
|
$ |
17,016 |
|
|
$ |
605,126 |
|
Loan charge-offs |
(12,213 |
) |
|
(8,288 |
) |
|
(7,691 |
) |
|
(8,629 |
) |
|
(3,610 |
) |
|
(6,539 |
) |
|
(46,970 |
) |
Recoveries of loans previously charged-off |
7,802 |
|
|
2,763 |
|
|
4,249 |
|
|
3,979 |
|
|
1,468 |
|
|
1,334 |
|
|
21,595 |
|
Provision for (reduction in allowance) loan and lease losses |
4,879 |
|
|
(3,167 |
) |
|
5,418 |
|
|
5,548 |
|
|
(1,559 |
) |
|
8,671 |
|
|
19,790 |
|
Allowance for loans sold or transferred to loans held for sale |
— |
|
|
— |
|
|
1 |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
ALLL balance, end of period |
$ |
285,041 |
|
|
$ |
92,060 |
|
|
$ |
39,102 |
|
|
$ |
111,178 |
|
|
$ |
51,679 |
|
|
$ |
20,482 |
|
|
$ |
599,542 |
|
AULC balance, beginning of period |
$ |
42,315 |
|
|
$ |
5,531 |
|
|
$ |
— |
|
|
$ |
2,639 |
|
|
$ |
9 |
|
|
$ |
4,248 |
|
|
$ |
54,742 |
|
Provision for (reduction in allowance) unfunded loan commitments and letters of credit |
(466 |
) |
|
247 |
|
|
— |
|
|
(117 |
) |
|
8 |
|
|
957 |
|
|
629 |
|
AULC balance, end of period |
$ |
41,849 |
|
|
$ |
5,778 |
|
|
$ |
— |
|
|
$ |
2,522 |
|
|
$ |
17 |
|
|
$ |
5,205 |
|
|
$ |
55,371 |
|
ACL balance, end of period |
$ |
326,890 |
|
|
$ |
97,838 |
|
|
$ |
39,102 |
|
|
$ |
113,700 |
|
|
$ |
51,696 |
|
|
$ |
25,687 |
|
|
$ |
654,913 |
|
Six-month period ended June 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
286,995 |
|
|
$ |
102,839 |
|
|
$ |
33,466 |
|
|
$ |
96,413 |
|
|
$ |
47,211 |
|
|
$ |
38,272 |
|
|
$ |
605,196 |
|
Loan charge-offs |
(36,825 |
) |
|
(10,301 |
) |
|
(15,794 |
) |
|
(17,215 |
) |
|
(8,473 |
) |
|
(13,437 |
) |
|
(102,045 |
) |
Recoveries of loans previously charged-off |
21,011 |
|
|
8,788 |
|
|
8,104 |
|
|
7,940 |
|
|
3,515 |
|
|
2,880 |
|
|
52,238 |
|
Provision for (reduction in allowance) loan and lease losses |
13,860 |
|
|
(9,266 |
) |
|
15,618 |
|
|
24,040 |
|
|
9,426 |
|
|
(7,233 |
) |
|
46,445 |
|
Allowance for loans sold or transferred to loans held for sale |
— |
|
|
— |
|
|
(2,292 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,292 |
) |
ALLL balance, end of period |
$ |
285,041 |
|
|
$ |
92,060 |
|
|
$ |
39,102 |
|
|
$ |
111,178 |
|
|
$ |
51,679 |
|
|
$ |
20,482 |
|
|
$ |
599,542 |
|
AULC balance, beginning of period |
$ |
48,988 |
|
|
$ |
6,041 |
|
|
$ |
— |
|
|
$ |
1,924 |
|
|
$ |
8 |
|
|
$ |
3,845 |
|
|
$ |
60,806 |
|
Provision for (reduction in allowance) unfunded loan commitments and letters of credit |
(7,139 |
) |
|
(263 |
) |
|
— |
|
|
598 |
|
|
9 |
|
|
1,360 |
|
|
(5,435 |
) |
AULC balance, end of period |
$ |
41,849 |
|
|
$ |
5,778 |
|
|
$ |
— |
|
|
$ |
2,522 |
|
|
$ |
17 |
|
|
$ |
5,205 |
|
|
$ |
55,371 |
|
ACL balance, end of period |
$ |
326,890 |
|
|
$ |
97,838 |
|
|
$ |
39,102 |
|
|
$ |
113,700 |
|
|
$ |
51,696 |
|
|
$ |
25,687 |
|
|
$ |
654,913 |
|
|
| Loan and lease balances by credit quality indicator |
The following table presents each loan and lease class by credit quality indicator at June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
Credit Risk Profile by UCS Classification |
(dollar amounts in thousands) |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,708,602 |
|
|
$ |
83,694 |
|
|
$ |
158,248 |
|
|
$ |
753 |
|
|
$ |
3,951,297 |
|
Purchased credit-impaired |
1,484 |
|
|
293 |
|
|
7,379 |
|
|
20 |
|
|
9,176 |
|
Other commercial and industrial |
16,315,278 |
|
|
316,141 |
|
|
776,383 |
|
|
4,199 |
|
|
17,412,001 |
|
Total commercial and industrial |
20,025,364 |
|
|
400,128 |
|
|
942,010 |
|
|
4,972 |
|
|
21,372,474 |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
Retail properties |
1,582,809 |
|
|
8,297 |
|
|
10,903 |
|
|
— |
|
|
1,602,009 |
|
Multi-family |
959,152 |
|
|
28,778 |
|
|
14,573 |
|
|
336 |
|
|
1,002,839 |
|
Office |
787,401 |
|
|
34,957 |
|
|
33,098 |
|
|
387 |
|
|
855,843 |
|
Industrial and warehouse |
469,083 |
|
|
4,500 |
|
|
18,703 |
|
|
— |
|
|
492,286 |
|
Purchased credit-impaired |
3,157 |
|
|
228 |
|
|
12,151 |
|
|
1,537 |
|
|
17,073 |
|
Other commercial real estate |
1,316,273 |
|
|
4,584 |
|
|
30,343 |
|
|
818 |
|
|
1,352,018 |
|
Total commercial real estate |
5,117,875 |
|
|
81,344 |
|
|
119,771 |
|
|
3,078 |
|
|
5,322,068 |
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO Score (1) |
|
750+ |
|
650-749 |
|
<650 |
|
Other (2) |
|
Total |
Automobile |
5,205,064 |
|
|
3,779,606 |
|
|
1,116,762 |
|
|
279,212 |
|
|
10,380,644 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
Secured by first-lien |
3,346,422 |
|
|
1,463,054 |
|
|
264,024 |
|
|
169,052 |
|
|
5,242,552 |
|
Secured by junior-lien |
1,818,244 |
|
|
982,067 |
|
|
289,865 |
|
|
114,338 |
|
|
3,204,514 |
|
Total home equity |
5,164,666 |
|
|
2,445,121 |
|
|
553,889 |
|
|
283,390 |
|
|
8,447,066 |
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
Residential mortgage |
3,886,423 |
|
|
1,848,386 |
|
|
522,665 |
|
|
118,439 |
|
|
6,375,913 |
|
Purchased credit-impaired |
320 |
|
|
331 |
|
|
453 |
|
|
— |
|
|
1,104 |
|
Total residential mortgage |
3,886,743 |
|
|
1,848,717 |
|
|
523,118 |
|
|
118,439 |
|
|
6,377,017 |
|
Other consumer: |
|
|
|
|
|
|
|
|
|
Other consumer |
257,518 |
|
|
313,712 |
|
|
59,699 |
|
|
13,223 |
|
|
644,152 |
|
Purchased credit-impaired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total other consumer |
$ |
257,518 |
|
|
$ |
313,712 |
|
|
$ |
59,699 |
|
|
$ |
13,223 |
|
|
$ |
644,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Credit Risk Profile by UCS Classification |
(dollar amounts in thousands) |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,731,113 |
|
|
$ |
114,490 |
|
|
$ |
165,301 |
|
|
$ |
1,896 |
|
|
$ |
4,012,800 |
|
Purchased credit-impaired |
3,051 |
|
|
674 |
|
|
15,661 |
|
|
1,631 |
|
|
21,017 |
|
Other commercial and industrial |
15,523,625 |
|
|
284,175 |
|
|
714,615 |
|
|
3,602 |
|
|
16,526,017 |
|
Total commercial and industrial |
19,257,789 |
|
|
399,339 |
|
|
895,577 |
|
|
7,129 |
|
|
20,559,834 |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
Retail properties |
1,473,014 |
|
|
10,865 |
|
|
22,830 |
|
|
— |
|
|
1,506,709 |
|
Multi-family |
1,029,138 |
|
|
28,862 |
|
|
19,898 |
|
|
320 |
|
|
1,078,218 |
|
Office |
822,824 |
|
|
35,350 |
|
|
36,011 |
|
|
440 |
|
|
894,625 |
|
Industrial and warehouse |
493,402 |
|
|
259 |
|
|
10,450 |
|
|
56 |
|
|
504,167 |
|
Purchased credit-impaired |
7,194 |
|
|
397 |
|
|
6,167 |
|
|
— |
|
|
13,758 |
|
Other commercial real estate |
1,240,482 |
|
|
4,054 |
|
|
25,811 |
|
|
827 |
|
|
1,271,174 |
|
Total commercial real estate |
5,066,054 |
|
|
79,787 |
|
|
121,167 |
|
|
1,643 |
|
|
5,268,651 |
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO Score (1) |
|
750+ |
|
650-749 |
|
<650 |
|
Other (2) |
|
Total |
Automobile |
4,680,684 |
|
|
3,454,585 |
|
|
1,086,914 |
|
|
258,495 |
|
|
9,480,678 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
Secured by first-lien |
3,369,657 |
|
|
1,441,574 |
|
|
258,328 |
|
|
121,926 |
|
|
5,191,485 |
|
Secured by junior-lien |
1,841,084 |
|
|
1,024,851 |
|
|
323,998 |
|
|
89,064 |
|
|
3,278,997 |
|
Total home equity |
5,210,741 |
|
|
2,466,425 |
|
|
582,326 |
|
|
210,990 |
|
|
8,470,482 |
|
Residential mortgage |
|
|
|
|
|
|
|
|
|
Residential mortgage |
3,563,683 |
|
|
1,813,002 |
|
|
567,688 |
|
|
52,573 |
|
|
5,996,946 |
|
Purchased credit-impaired |
381 |
|
|
777 |
|
|
296 |
|
|
— |
|
|
1,454 |
|
Total residential mortgage |
3,564,064 |
|
|
1,813,779 |
|
|
567,984 |
|
|
52,573 |
|
|
5,998,400 |
|
Other consumer |
|
|
|
|
|
|
|
|
|
Other consumer |
233,969 |
|
|
269,694 |
|
|
49,650 |
|
|
9,689 |
|
|
563,002 |
|
Purchased credit-impaired |
— |
|
|
52 |
|
|
— |
|
|
— |
|
|
52 |
|
Total other consumer |
$ |
233,969 |
|
|
$ |
269,746 |
|
|
$ |
49,650 |
|
|
$ |
9,689 |
|
|
$ |
563,054 |
|
|
|
(1) |
Reflects most recent customer credit scores. |
|
|
(2) |
Reflects deferred fees and costs, loans in process, loans to legal entities, etc. |
|
| Summarized data for impaired loans and the related ALLL by portfolio segment |
The following tables present the balance of the ALLL attributable to loans by portfolio segment individually and collectively evaluated for impairment and the related loan and lease balance at June 30, 2016 and December 31, 2015:
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(dollar amounts in thousands) |
Commercial
and
Industrial
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|
Commercial
Real Estate
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Automobile |
|
Home
Equity
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|
Residential
Mortgage
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|
Other
Consumer
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|
Total |
ALLL at June 30, 2016: |
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Portion of ALLL balance: |
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Attributable to purchased credit-impaired loans |
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
|
Attributable to loans individually evaluated for impairment |
30,636 |
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|
4,894 |
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|
1,795 |
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|
12,962 |
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|
16,513 |
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|
309 |
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|
67,109 |
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Attributable to loans collectively evaluated for impairment |
292,829 |
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|
96,148 |
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|
48,736 |
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|
63,520 |
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|
25,879 |
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|
28,843 |
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|
555,955 |
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Total ALLL balance |
$ |
323,465 |
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|
$ |
101,042 |
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|
$ |
50,531 |
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$ |
76,482 |
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$ |
42,392 |
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$ |
29,152 |
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|
$ |
623,064 |
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Loan and Lease Ending Balances at June 30, 2016: |
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Portion of loan and lease ending balance: |
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|
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Attributable to purchased credit-impaired loans |
$ |
9,176 |
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|
$ |
17,073 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
1,104 |
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|
$ |
— |
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|
$ |
27,353 |
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Individually evaluated for impairment |
579,003 |
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|
108,187 |
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|
30,800 |
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|
244,917 |
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|
347,412 |
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|
4,664 |
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|
1,314,983 |
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Collectively evaluated for impairment |
20,784,295 |
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|
5,196,808 |
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10,349,844 |
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|
8,202,149 |
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|
6,028,501 |
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|
639,488 |
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|
51,201,085 |
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Total loans and leases evaluated for impairment |
$ |
21,372,474 |
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|
$ |
5,322,068 |
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|
$ |
10,380,644 |
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|
$ |
8,447,066 |
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$ |
6,377,017 |
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$ |
644,152 |
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$ |
52,543,421 |
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|
(dollar amounts in thousands) |
Commercial
and
Industrial
|
|
Commercial
Real Estate
|
|
Automobile |
|
Home
Equity
|
|
Residential
Mortgage
|
|
Other
Consumer
|
|
Total |
ALLL at December 31, 2015 |
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Portion of ALLL balance: |
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|
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|
|
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|
|
|
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Attributable to purchased credit-impaired loans |
$ |
2,602 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
127 |
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|
$ |
— |
|
|
$ |
2,729 |
|
Attributable to loans individually evaluated for impairment |
19,314 |
|
|
8,114 |
|
|
1,779 |
|
|
16,242 |
|
|
16,811 |
|
|
176 |
|
|
62,436 |
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Attributable to loans collectively evaluated for impairment |
276,830 |
|
|
91,893 |
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|
47,725 |
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|
67,429 |
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|
24,708 |
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|
24,093 |
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|
532,678 |
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Total ALLL balance: |
$ |
298,746 |
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|
$ |
100,007 |
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|
$ |
49,504 |
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|
$ |
83,671 |
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|
$ |
41,646 |
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$ |
24,269 |
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$ |
597,843 |
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Loan and Lease Ending Balances at December 31, 2015 |
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Portion of loan and lease ending balances: |
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|
|
|
|
|
|
|
|
|
|
|
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Attributable to purchased credit-impaired loans |
$ |
21,017 |
|
|
$ |
13,758 |
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|
$ |
— |
|
|
$ |
— |
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|
$ |
1,454 |
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|
$ |
52 |
|
|
$ |
36,281 |
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Individually evaluated for impairment |
481,033 |
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|
144,977 |
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|
31,304 |
|
|
248,839 |
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|
366,995 |
|
|
4,640 |
|
|
1,277,788 |
| |