Loans and Leases and Allowance for Credit Losses (Tables)
|
12 Months Ended |
Dec. 31, 2014
|
Loans / Leases and Allowance for Credit Losses [Abstract] |
|
Lease financing receivables |
Net investments in lease financing receivables by category at December 31, 2014 and 2013 were as follows:
|
|
|
At December 31, |
(dollar amounts in thousands) |
|
|
2014 |
|
|
2013 |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
Lease payments receivable |
|
$ |
1,051,744 |
|
$ |
1,426,928 |
Estimated residual value of leased assets |
|
|
483,407 |
|
|
409,184 |
Gross investment in commercial lease financing receivables |
|
|
1,535,151 |
|
|
1,836,112 |
Net deferred origination costs |
|
|
2,557 |
|
|
3,105 |
Unearned income |
|
|
(131,027) |
|
|
(165,052) |
Total net investment in commercial lease financing receivables |
|
$ |
1,406,681 |
|
$ |
1,674,165 |
|
|
|
|
|
|
|
|
Loans acquired with deteriorated credit quality |
|
|
March 1, |
(dollar amounts in thousands) |
|
2014 |
Contractually required payments including interest |
$ |
14,363 |
Less: nonaccretable difference |
|
(11,234) |
Cash flows expected to be collected |
|
3,129 |
Less: accretable yield |
|
(143) |
Fair value of credit impaired loans acquired |
$ |
2,986 |
(dollar amounts in thousands) |
2014 |
|
2013 |
Fidelity Bank |
|
|
|
|
|
Balance at January 1, |
$ |
27,995 |
|
$ |
23,251 |
Accretion |
|
(13,485) |
|
|
(15,931) |
Reclassification from nonaccretable difference
|
|
4,878 |
|
|
20,675 |
Balance at December 31, |
$ |
19,388 |
|
$ |
27,995 |
|
|
|
|
|
|
Camco Financial |
|
|
|
|
|
Impact of acquisition on March 1, 2014 |
|
143 |
|
|
--- |
Accretion |
|
(5,597) |
|
|
--- |
Reclassification from nonaccretable difference
|
|
6,278 |
|
|
--- |
Balance at December 31, |
$ |
824 |
|
$ |
--- |
The following table reflects the ending and unpaid balances of all contractually required payments and carrying amounts of the acquired loans by acquisition at December 31, 2014 and December 31, 2013:
|
|
December 31, 2014 |
|
December 31, 2013 |
(in thousands) |
|
Ending Balance |
|
|
Unpaid Balance |
|
Ending Balance |
|
|
Unpaid Balance |
|
|
|
|
|
|
|
|
|
|
|
Fidelity Bank |
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
22,405 |
|
$ |
33,622 |
$ |
35,526 |
|
$ |
50,798 |
Commercial real estate |
|
36,663 |
|
|
87,250 |
|
82,073 |
|
|
154,869 |
Residential mortgage |
|
1,912 |
|
|
3,096 |
|
2,498 |
|
|
3,681 |
Other consumer |
|
51 |
|
|
123 |
|
129 |
|
|
219 |
Total |
$ |
61,031 |
|
$ |
124,091 |
$ |
120,226 |
|
$ |
209,567 |
|
|
|
|
|
|
|
|
|
|
|
Camco Financial |
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
823 |
|
$ |
1,685 |
$ |
--- |
|
$ |
--- |
Commercial real estate |
|
1,708 |
|
|
3,826 |
|
--- |
|
|
--- |
Total |
$ |
2,531 |
|
$ |
5,511 |
$ |
--- |
|
$ |
--- |
|
Loan Purchases and Sales |
The following table summarizes significant portfolio loan purchase and sale activity for the years ended December 31, 2014, and 2013.
|
|
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, 2014 |
$ |
326,557 |
|
$ |
--- |
|
$ |
--- |
|
$ |
--- |
|
$ |
18,482 |
|
$ |
--- |
|
$ |
345,039 |
|
Year ended December 31, 2013 |
|
109,723 |
|
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
|
|
109,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans sold or transferred to loans held for sale during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2014 |
|
352,062 |
|
|
8,447 |
|
|
--- |
|
|
--- |
|
|
--- |
|
|
7,592 |
|
|
368,101 |
|
Year ended December 31, 2013 |
|
225,930 |
|
|
4,767 |
|
|
--- |
|
|
--- |
|
|
205,334 |
|
|
--- |
|
|
436,031 |
|
NALs and Past Due Loans |
The following table presents NALs by loan class for the years ended December 31, 2014 and 2013:
|
|
|
December 31, |
(dollar amounts in thousands) |
|
2014 |
|
2013 |
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
Owner occupied |
$ |
41,285 |
$ |
38,321 |
|
Other commercial and industrial |
|
30,689 |
|
18,294 |
Total commercial and industrial |
$ |
71,974 |
$ |
56,615 |
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
Retail properties |
$ |
21,385 |
$ |
27,328 |
|
Multi family |
|
9,743 |
|
9,289 |
|
Office |
|
7,707 |
|
18,995 |
|
Industrial and warehouse |
|
3,928 |
|
6,310 |
|
Other commercial real estate |
|
5,760 |
|
11,495 |
Total commercial real estate |
$ |
48,523 |
$ |
73,417 |
|
|
|
|
|
|
Automobile |
$ |
4,623 |
$ |
6,303 |
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
Secured by first-lien |
$ |
46,938 |
$ |
36,288 |
|
Secured by junior-lien |
|
31,622 |
|
29,901 |
Total home equity |
$ |
78,560 |
$ |
66,189 |
|
|
|
|
|
|
Residential mortgage |
$ |
96,564 |
$ |
119,532 |
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
Total nonaccrual loans |
$ |
300,244 |
$ |
322,056 |
|
|
|
|
|
|
|
Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases, including past due loans and leases, by loan class for the years ended December 31, 2014 and 2013 (1):
December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
$ |
5,232 |
$ |
2,981 |
$ |
18,222 |
$ |
26,435 |
|
$ |
4,228,440 |
$ |
4,254,875 |
|
$ |
--- |
|
|
Purchased credit-impaired |
|
846 |
|
--- |
|
4,937 |
|
5,783 |
|
|
17,445 |
|
23,228 |
|
|
4,937 |
(2) |
|
Other commercial and industrial |
|
15,330 |
|
1,536 |
|
9,101 |
|
25,967 |
|
|
14,729,076 |
|
14,755,043 |
|
|
--- |
|
Total commercial and industrial |
$ |
21,408 |
$ |
4,517 |
$ |
32,260 |
$ |
58,185 |
|
$ |
18,974,961 |
$ |
19,033,146 |
|
$ |
4,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
7,866 |
$ |
--- |
$ |
4,021 |
$ |
11,887 |
|
$ |
1,345,859 |
$ |
1,357,746 |
|
$ |
--- |
|
|
Multi family |
|
1,517 |
|
312 |
|
3,337 |
|
5,166 |
|
|
1,085,250 |
|
1,090,416 |
|
|
--- |
|
|
Office |
|
464 |
|
1,167 |
|
4,415 |
|
6,046 |
|
|
974,257 |
|
980,303 |
|
|
--- |
|
|
Industrial and warehouse |
|
688 |
|
--- |
|
2,649 |
|
3,337 |
|
|
510,064 |
|
513,401 |
|
|
--- |
|
|
Purchased credit-impaired |
|
89 |
|
289 |
|
18,793 |
|
19,171 |
|
|
19,200 |
|
38,371 |
|
|
18,793 |
(2) |
|
Other commercial real estate |
847 |
|
1,281 |
|
3,966 |
|
6,094 |
|
|
1,211,072 |
|
1,217,166 |
|
|
--- |
|
Total commercial real estate |
$ |
11,471 |
$ |
3,049 |
$ |
37,181 |
$ |
51,701 |
|
$ |
5,145,702 |
$ |
5,197,403 |
|
$ |
18,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
56,272 |
$ |
10,427 |
$ |
5,963 |
$ |
72,662 |
|
$ |
8,617,240 |
$ |
8,689,902 |
|
$ |
5,703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
15,036 |
$ |
8,085 |
$ |
33,014 |
$ |
56,135 |
|
$ |
5,072,669 |
$ |
5,128,804 |
|
$ |
4,471 |
|
|
Secured by junior-lien |
|
22,473 |
|
12,297 |
|
33,406 |
|
68,176 |
|
|
3,293,935 |
|
3,362,111 |
|
|
7,688 |
|
Total home equity |
$ |
37,509 |
$ |
20,382 |
$ |
66,420 |
$ |
124,311 |
|
$ |
8,366,604 |
$ |
8,490,915 |
|
$ |
12,159 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
102,702 |
$ |
42,009 |
$ |
139,379 |
$ |
284,090 |
|
$ |
5,544,607 |
$ |
5,828,697 |
|
$ |
88,052 |
(3) |
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
--- |
|
|
1,912 |
|
1,912 |
|
|
--- |
(2) |
Total residential mortgage |
$ |
102,702 |
$ |
42,009 |
$ |
139,379 |
$ |
284,090 |
|
$ |
5,546,519 |
$ |
5,830,609 |
|
$ |
88,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
5,491 |
$ |
1,086 |
$ |
837 |
$ |
7,414 |
|
$ |
406,286 |
$ |
413,700 |
|
$ |
837 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
--- |
|
|
51 |
|
51 |
|
|
--- |
(2) |
Total other consumer |
$ |
5,491 |
$ |
1,086 |
$ |
837 |
$ |
7,414 |
|
$ |
406,337 |
$ |
413,751 |
|
$ |
837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ |
234,853 |
$ |
81,470 |
$ |
282,040 |
$ |
598,363 |
|
$ |
47,057,363 |
$ |
47,655,726 |
|
$ |
130,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
$ |
5,935 |
$ |
1,879 |
$ |
25,658 |
$ |
33,472 |
|
$ |
4,314,400 |
$ |
4,347,872 |
|
$ |
--- |
|
|
Purchased credit-impaired |
|
241 |
|
433 |
|
14,562 |
|
15,236 |
|
|
20,290 |
|
35,526 |
|
|
14,562 |
(2) |
|
Other commercial and industrial |
|
10,342 |
|
3,075 |
|
11,210 |
|
24,627 |
|
|
13,186,251 |
|
13,210,878 |
|
|
--- |
|
Total commercial and industrial |
$ |
16,518 |
$ |
5,387 |
$ |
51,430 |
$ |
73,335 |
|
$ |
17,520,941 |
$ |
17,594,276 |
|
$ |
14,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
19,372 |
$ |
1,228 |
$ |
5,252 |
$ |
25,852 |
|
$ |
1,237,717 |
$ |
1,263,569 |
|
$ |
--- |
|
|
Multi family |
|
2,425 |
|
943 |
|
6,726 |
|
10,094 |
|
|
1,015,497 |
|
1,025,591 |
|
|
--- |
|
|
Office |
|
1,635 |
|
545 |
|
12,700 |
|
14,880 |
|
|
927,413 |
|
942,293 |
|
|
--- |
|
|
Industrial and warehouse |
|
465 |
|
3,714 |
|
4,395 |
|
8,574 |
|
|
464,319 |
|
472,893 |
|
|
--- |
|
|
Purchased credit-impaired |
|
1,311 |
|
--- |
|
39,142 |
|
40,453 |
|
|
41,620 |
|
82,073 |
|
|
39,142 |
(2) |
|
Other commercial real estate |
5,922 |
|
1,134 |
|
7,192 |
|
14,248 |
|
|
1,049,427 |
|
1,063,675 |
|
|
--- |
|
Total commercial real estate |
$ |
31,130 |
$ |
7,564 |
$ |
75,407 |
$ |
114,101 |
|
$ |
4,735,993 |
$ |
4,850,094 |
|
$ |
39,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
45,174 |
$ |
8,863 |
$ |
5,140 |
$ |
59,177 |
|
$ |
6,579,536 |
$ |
6,638,713 |
|
$ |
5,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
20,551 |
$ |
8,746 |
$ |
28,472 |
$ |
57,769 |
|
$ |
4,784,375 |
$ |
4,842,144 |
|
$ |
6,338 |
|
|
Secured by junior-lien |
|
28,965 |
|
13,071 |
|
31,392 |
|
73,428 |
|
|
3,420,746 |
|
3,494,174 |
|
|
7,645 |
|
Total home equity |
|
49,516 |
$ |
21,817 |
$ |
59,864 |
$ |
131,197 |
|
$ |
8,205,121 |
$ |
8,336,318 |
|
$ |
13,983 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
|
101,584 |
$ |
41,784 |
$ |
158,956 |
$ |
302,324 |
|
$ |
5,016,266 |
$ |
5,318,590 |
|
$ |
90,115 |
(4) |
|
Purchased credit-impaired |
|
194 |
|
--- |
|
339 |
|
533 |
|
|
1,965 |
|
2,498 |
|
|
339 |
(2) |
Total residential mortgage |
$ |
101,778 |
$ |
41,784 |
$ |
159,295 |
$ |
302,857 |
|
$ |
5,018,231 |
$ |
5,321,088 |
|
$ |
90,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
|
6,465 |
$ |
1,276 |
$ |
998 |
$ |
8,739 |
|
$ |
371,143 |
$ |
379,882 |
|
$ |
998 |
|
|
Purchased credit-impaired |
|
69 |
|
--- |
|
--- |
|
69 |
|
|
60 |
|
129 |
|
|
--- |
(2) |
Total other consumer |
$ |
6,534 |
$ |
1,276 |
$ |
998 |
$ |
8,808 |
|
$ |
371,203 |
$ |
380,011 |
|
$ |
998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases |
$ |
250,650 |
$ |
86,691 |
$ |
352,134 |
$ |
689,475 |
|
$ |
42,431,025 |
$ |
43,120,500 |
|
$ |
164,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 Camco Financial and 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 $55,012 thousand guaranteed by the U.S. government. |
|
(4) |
Includes $87,985 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, 2014, 2013, and 2012:
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
265,801 |
$ |
162,557 |
$ |
31,053 |
$ |
111,131 |
$ |
39,577 |
$ |
37,751 |
$ |
647,870 |
|
|
Loan charge-offs |
|
(76,654) |
|
(24,704) |
|
(31,330) |
|
(54,473) |
|
(25,946) |
|
(33,494) |
|
(246,601) |
|
|
Recoveries of loans previously charged-off |
|
44,531 |
|
34,071 |
|
13,762 |
|
17,526 |
|
6,194 |
|
5,890 |
|
121,974 |
|
|
Provision for loan and lease losses |
|
53,317 |
|
(69,085) |
|
19,981 |
|
22,229 |
|
27,386 |
|
29,254 |
|
83,082 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
--- |
|
--- |
|
--- |
|
(1,129) |
|
(1,129) |
|
ALLL balance, end of period |
$ |
286,995 |
$ |
102,839 |
$ |
33,466 |
$ |
96,413 |
$ |
47,211 |
$ |
38,272 |
$ |
605,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
49,596 |
$ |
9,891 |
$ |
--- |
$ |
1,763 |
$ |
9 |
$ |
1,640 |
$ |
62,899 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
(608) |
|
(3,850) |
|
--- |
|
161 |
|
(1) |
|
2,205 |
|
(2,093) |
|
AULC balance, end of period |
$ |
48,988 |
$ |
6,041 |
$ |
--- |
$ |
1,924 |
$ |
8 |
$ |
3,845 |
$ |
60,806 |
|
ACL balance, end of period |
$ |
335,983 |
$ |
108,880 |
$ |
33,466 |
$ |
98,337 |
$ |
47,219 |
$ |
42,117 |
$ |
666,002 |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
241,051 |
$ |
285,369 |
$ |
34,979 |
$ |
118,764 |
$ |
61,658 |
$ |
27,254 |
$ |
769,075 |
|
|
Loan charge-offs |
|
(45,904) |
|
(69,512) |
|
(23,912) |
|
(98,184) |
|
(34,236) |
|
(34,568) |
|
(306,316) |
|
|
Recoveries of loans previously charged-off |
|
29,514 |
|
44,658 |
|
13,375 |
|
15,921 |
|
7,074 |
|
7,108 |
|
117,650 |
|
|
Provision for loan and lease losses |
|
41,140 |
|
(97,958) |
|
6,611 |
|
74,630 |
|
5,417 |
|
37,957 |
|
67,797 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
--- |
|
--- |
|
(336) |
|
--- |
|
(336) |
|
ALLL balance, end of period |
$ |
265,801 |
$ |
162,557 |
$ |
31,053 |
$ |
111,131 |
$ |
39,577 |
$ |
37,751 |
$ |
647,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
33,868 |
$ |
4,740 |
$ |
--- |
$ |
1,356 |
$ |
3 |
$ |
684 |
$ |
40,651 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
15,728 |
|
5,151 |
|
--- |
|
407 |
|
6 |
|
956 |
|
22,248 |
|
AULC balance, end of period |
$ |
49,596 |
$ |
9,891 |
$ |
--- |
$ |
1,763 |
$ |
9 |
$ |
1,640 |
$ |
62,899 |
|
ACL balance, end of period |
$ |
315,397 |
$ |
172,448 |
$ |
31,053 |
$ |
112,894 |
$ |
39,586 |
$ |
39,391 |
$ |
710,769 |
(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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan and lease balances by credit quality indicator |
|
|
December 31, 2014 |
|
Credit Risk Profile by UCS classification |
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,959,046 |
$ |
117,637 |
$ |
175,767 |
$ |
2,425 |
$ |
4,254,875 |
|
Purchased impaired |
|
3,915 |
|
741 |
|
14,901 |
|
3,671 |
|
23,228 |
|
Other commercial and industrial |
|
13,925,334 |
|
386,666 |
|
440,036 |
|
3,007 |
|
14,755,043 |
Total commercial and industrial |
$ |
17,888,295 |
$ |
505,044 |
$ |
630,704 |
$ |
9,103 |
$ |
19,033,146 |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,279,064 |
$ |
10,204 |
$ |
67,911 |
$ |
567 |
$ |
1,357,746 |
|
Multi family |
|
1,044,521 |
|
12,608 |
|
32,322 |
|
965 |
|
1,090,416 |
|
Office |
|
902,474 |
|
33,107 |
|
42,578 |
|
2,144 |
|
980,303 |
|
Industrial and warehouse |
|
487,454 |
|
7,877 |
|
17,781 |
|
289 |
|
513,401 |
|
Purchased impaired |
|
6,914 |
|
803 |
|
25,460 |
|
5,194 |
|
38,371 |
|
Other commercial real estate |
|
1,166,293 |
|
9,635 |
|
40,019 |
|
1,219 |
|
1,217,166 |
Total commercial real estate |
$ |
4,886,720 |
$ |
74,234 |
$ |
226,071 |
$ |
10,378 |
$ |
5,197,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (1) |
|
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
Automobile |
$ |
4,165,811 |
$ |
3,249,141 |
$ |
1,028,381 |
$ |
246,569 |
$ |
8,689,902 |
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
3,255,088 |
$ |
1,426,191 |
$ |
283,152 |
$ |
164,373 |
$ |
5,128,804 |
|
Secured by junior-lien |
|
1,832,663 |
|
1,095,332 |
|
348,825 |
|
85,291 |
|
3,362,111 |
Total home equity |
$ |
5,087,751 |
$ |
2,521,523 |
$ |
631,977 |
$ |
249,664 |
$ |
8,490,915 |
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
3,285,310 |
$ |
1,785,137 |
$ |
666,562 |
$ |
91,688 |
$ |
5,828,697 |
|
Purchased impaired |
|
594 |
|
1,135 |
|
183 |
|
--- |
|
1,912 |
Total residential mortgage |
$ |
3,285,904 |
$ |
1,786,272 |
$ |
666,745 |
$ |
91,688 |
$ |
5,830,609 |
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
195,128 |
$ |
187,781 |
$ |
30,582 |
$ |
209 |
$ |
413,700 |
|
Purchased impaired |
|
--- |
|
51 |
|
--- |
|
--- |
|
51 |
Total other consumer loans |
$ |
195,128 |
$ |
187,832 |
$ |
30,582 |
$ |
209 |
$ |
413,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013 |
|
Credit Risk Profile by UCS classification |
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
4,052,579 |
$ |
130,645 |
$ |
155,994 |
$ |
8,654 |
$ |
4,347,872 |
|
Purchased impaired |
|
5,015 |
|
661 |
|
27,693 |
|
2,157 |
|
35,526 |
|
Other commercial and industrial |
|
12,630,512 |
|
211,860 |
|
364,343 |
|
4,163 |
|
13,210,878 |
Total commercial and industrial |
$ |
16,688,106 |
$ |
343,166 |
$ |
548,030 |
$ |
14,974 |
$ |
17,594,276 |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,153,747 |
$ |
16,003 |
$ |
93,819 |
$ |
--- |
$ |
1,263,569 |
|
Multi family |
|
972,526 |
|
16,540 |
|
36,411 |
|
114 |
|
1,025,591 |
|
Office |
|
847,411 |
|
4,866 |
|
87,722 |
|
2,294 |
|
942,293 |
|
Industrial and warehouse |
|
431,057 |
|
14,138 |
|
27,698 |
|
--- |
|
472,893 |
|
Purchased impaired |
|
13,127 |
|
3,586 |
|
62,577 |
|
2,783 |
|
82,073 |
|
Other commercial real estate |
|
977,987 |
|
16,270 |
|
68,653 |
|
765 |
|
1,063,675 |
Total commercial real estate |
$ |
4,395,855 |
$ |
71,403 |
$ |
376,880 |
$ |
5,956 |
$ |
4,850,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (1) |
|
|
750+ |
650-749 |
<650 |
Other (2) |
Total |
Automobile |
$ |
2,987,323 |
$ |
2,517,756 |
$ |
945,604 |
$ |
188,030 |
$ |
6,638,713 |
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
3,018,784 |
|
1,412,445 |
|
299,681 |
|
111,234 |
|
4,842,144 |
|
Secured by junior-lien |
|
1,811,102 |
|
1,213,024 |
|
413,695 |
|
56,353 |
|
3,494,174 |
Total home equity |
$ |
4,829,886 |
$ |
2,625,469 |
$ |
713,376 |
$ |
167,587 |
$ |
8,336,318 |
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
|
2,837,590 |
|
1,710,183 |
|
699,541 |
|
71,276 |
|
5,318,590 |
|
Purchased impaired |
|
588 |
|
989 |
|
921 |
|
--- |
|
2,498 |
Total residential mortgage |
|
2,838,178 |
$ |
1,711,172 |
$ |
700,462 |
$ |
71,276 |
$ |
5,321,088 |
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
|
161,858 |
|
157,675 |
|
45,370 |
|
14,979 |
|
379,882 |
|
Purchased impaired |
|
--- |
|
60 |
|
69 |
|
--- |
|
129 |
Total other consumer loans |
|
161,858 |
$ |
157,735 |
$ |
45,439 |
$ |
14,979 |
$ |
380,011 |
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Reflects currently updated customer credit scores. |
(2) |
Reflects deferred fees and costs, loans in process, loans to legal entities, etc. |
|
Summarized data for impaired loans and the related ALLL by portfolio segment |
For all classes within the C&I and CRE portfolios, all loans with an outstanding balance of $1.0 million or greater are considered for individual evaluation of impairment on a quarterly basis. Generally, consumer loans within any class are not individually evaluated on a regular basis for impairment. All TDRs, regardless of the outstanding balance amount, are also considered to be impaired. Loans acquired with evidence of deterioration of credit quality since origination for which it is probable at acquisition that all contractually required payments will not be collected are also considered to be impaired.
Once a loan has been identified for an assessment of impairment, the loan is considered impaired when, based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. This determination requires significant judgment and use of estimates, and the eventual outcome may differ significantly from those estimates.
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, 2014, and 2013 (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
(dollar amounts in thousands) |
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at December 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ALLL balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
3,846 |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
8 |
$ |
245 |
$ |
4,099 |
|
|
Attributable to loans individually evaluated for impairment |
|
11,049 |
|
18,887 |
|
1,531 |
|
26,027 |
|
16,535 |
|
214 |
|
74,243 |
|
|
Attributable to loans collectively evaluated for impairment |
|
272,100 |
|
83,952 |
|
31,935 |
|
70,386 |
|
30,668 |
|
37,813 |
|
526,854 |
|
Total ALLL balance |
$ |
286,995 |
$ |
102,839 |
$ |
33,466 |
$ |
96,413 |
$ |
47,211 |
$ |
38,272 |
$ |
605,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of loan and lease ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
23,228 |
$ |
38,371 |
$ |
--- |
$ |
--- |
$ |
1,912 |
$ |
51 |
$ |
63,562 |
|
|
Individually evaluated for impairment |
|
216,993 |
|
217,262 |
|
30,612 |
|
310,446 |
|
369,577 |
|
4,088 |
|
1,148,978 |
|
|
Collectively evaluated for impairment |
|
18,792,925 |
|
4,941,770 |
|
8,659,290 |
|
8,180,469 |
|
5,459,120 |
|
409,612 |
|
46,443,186 |
|
Total loans evaluated for impairment |
$ |
19,033,146 |
$ |
5,197,403 |
$ |
8,689,902 |
$ |
8,490,915 |
$ |
5,830,609 |
$ |
413,751 |
$ |
47,655,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance of impaired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With allowance assigned to the loan and lease balances |
$ |
202,376 |
$ |
144,162 |
$ |
30,612 |
$ |
310,446 |
$ |
371,489 |
$ |
4,139 |
$ |
1,063,224 |
|
|
With no allowance assigned to the loan and lease balances |
|
37,845 |
|
111,471 |
|
--- |
|
--- |
|
--- |
|
--- |
|
149,316 |
|
Total |
$ |
240,221 |
$ |
255,633 |
$ |
30,612 |
$ |
310,446 |
$ |
371,489 |
$ |
4,139 |
$ |
1,212,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average balance of impaired loans |
$ |
174,316 |
$ |
511,590 |
$ |
34,637 |
$ |
258,881 |
$ |
384,026 |
$ |
2,879 |
$ |
1,366,329 |
|
ALLL on impaired loans |
|
14,895 |
|
18,887 |
|
1,531 |
|
26,027 |
|
16,543 |
|
459 |
|
78,342 |
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
(dollar amounts in thousands) |
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
2,404 |
$ |
--- |
$ |
--- |
$ |
--- |
$ |
36 |
$ |
--- |
$ |
2,440 |
|
|
Attributable to loans individually evaluated for impairment |
|
6,129 |
|
34,935 |
|
682 |
|
8,003 |
|
10,555 |
|
136 |
|
60,440 |
|
|
Attributable to loans collectively evaluated for impairment |
|
257,268 |
|
127,622 |
|
30,371 |
|
103,128 |
|
28,986 |
|
37,615 |
|
584,990 |
|
Total ALLL balance |
$ |
265,801 |
$ |
162,557 |
$ |
31,053 |
$ |
111,131 |
$ |
39,577 |
$ |
37,751 |
$ |
647,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance of impaired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
$ |
35,526 |
$ |
82,073 |
$ |
--- |
$ |
--- |
$ |
2,498 |
$ |
129 |
$ |
120,226 |
|
|
Individually evaluated for impairment |
|
108,316 |
|
268,362 |
|
37,084 |
|
208,981 |
|
387,937 |
|
1,041 |
|
1,011,721 |
|
|
Collectively evaluated for impairment |
|
17,450,434 |
|
4,499,659 |
|
6,601,629 |
|
8,127,337 |
|
4,930,653 |
|
378,841 |
|
41,988,553 |
|
Total loans evaluated for impairment |
$ |
17,594,276 |
$ |
4,850,094 |
$ |
6,638,713 |
$ |
8,336,318 |
$ |
5,321,088 |
$ |
380,011 |
$ |
43,120,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With allowance assigned to the loan and lease balances |
$ |
126,626 |
$ |
187,836 |
$ |
37,084 |
$ |
208,981 |
$ |
390,435 |
$ |
1,041 |
$ |
952,003 |
|
|
With no allowance assigned to the loan and lease balances |
|
17,216 |
|
162,599 |
|
--- |
|
--- |
|
--- |
|
129 |
|
179,944 |
|
Total |
$ |
143,842 |
$ |
350,435 |
$ |
37,084 |
$ |
208,981 |
$ |
390,435 |
$ |
1,170 |
$ |
1,131,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average balance of impaired loans |
$ |
166,173 |
$ |
365,053 |
$ |
39,861 |
$ |
162,170 |
$ |
379,815 |
$ |
2,248 |
$ |
1,115,320 |
|
ALLL on impaired loans |
|
8,533 |
|
34,935 |
|
682 |
|
8,003 |
|
10,591 |
|
136 |
|
62,880 |
|
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, 2014 and 2013 (1), (2):
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2014 |
|
December 31, 2014 |
|
|
|
|
|
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 |
$ |
13,536 |
$ |
13,536 |
$ |
--- |
|
$ |
5,740 |
$ |
205 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial and industrial |
|
24,309 |
|
26,858 |
|
--- |
|
|
7,536 |
|
375 |
|
Total commercial and industrial |
$ |
37,845 |
$ |
40,394 |
$ |
--- |
|
$ |
13,276 |
$ |
580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
61,915 |
$ |
91,627 |
$ |
--- |
|
$ |
53,121 |
$ |
2,454 |
|
|
Multi family |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Office |
|
1,130 |
|
3,574 |
|
--- |
|
|
3,709 |
|
311 |
|
|
Industrial and warehouse |
|
3,447 |
|
3,506 |
|
--- |
|
|
5,012 |
|
248 |
|
|
Purchased credit-impaired |
|
38,371 |
|
91,075 |
|
--- |
|
|
59,424 |
|
11,519 |
|
|
Other commercial real estate |
|
6,608 |
|
6,815 |
|
--- |
|
|
6,598 |
|
286 |
|
Total commercial real estate |
$ |
111,471 |
$ |
196,597 |
$ |
--- |
|
$ |
127,864 |
$ |
14,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Secured by junior-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total home equity |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total other consumer |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
44,869 |
$ |
53,639 |
$ |
4,220 |
|
$ |
40,192 |
$ |
1,557 |
|
|
Purchased credit-impaired |
|
23,228 |
|
35,307 |
|
3,846 |
|
|
32,253 |
|
6,973 |
|
|
Other commercial and industrial |
|
134,279 |
|
162,908 |
|
6,829 |
|
|
88,595 |
|
2,686 |
|
Total commercial and industrial |
$ |
202,376 |
$ |
251,854 |
$ |
14,895 |
|
$ |
161,040 |
$ |
11,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
37,081 |
$ |
38,397 |
$ |
3,536 |
|
$ |
63,393 |
$ |
1,983 |
|
|
Multi family |
|
17,277 |
|
23,725 |
|
2,339 |
|
|
16,897 |
|
659 |
|
|
Office |
|
52,953 |
|
56,268 |
|
8,399 |
|
|
52,831 |
|
2,381 |
|
|
Industrial and warehouse |
|
8,888 |
|
10,396 |
|
720 |
|
|
9,092 |
|
274 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial real estate |
|
27,963 |
|
33,472 |
|
3,893 |
|
|
241,513 |
|
1,831 |
|
Total commercial real estate |
$ |
144,162 |
$ |
162,258 |
$ |
18,887 |
|
$ |
383,726 |
$ |
7,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
30,612 |
$ |
32,483 |
$ |
1,531 |
|
$ |
34,637 |
$ |
2,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
145,566 |
$ |
157,978 |
$ |
8,296 |
|
$ |
126,602 |
$ |
5,496 |
|
|
Secured by junior-lien |
|
164,880 |
|
208,118 |
|
17,731 |
|
|
132,279 |
|
6,379 |
|
Total home equity |
$ |
310,446 |
$ |
366,096 |
$ |
26,027 |
|
$ |
258,881 |
$ |
11,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
369,577 |
$ |
415,280 |
$ |
16,535 |
|
$ |
381,745 |
$ |
11,594 |
|
|
Purchased credit-impaired |
|
1,912 |
|
3,096 |
|
8 |
|
|
2,281 |
|
574 |
|
Total residential mortgage |
$ |
371,489 |
$ |
418,376 |
$ |
16,543 |
|
$ |
384,026 |
$ |
12,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
4,088 |
$ |
4,209 |
$ |
214 |
|
$ |
2,796 |
$ |
202 |
|
|
Purchased credit-impaired |
|
51 |
|
123 |
|
245 |
|
|
83 |
|
15 |
|
Total other consumer |
$ |
4,139 |
$ |
4,332 |
$ |
459 |
|
$ |
2,879 |
$ |
217 |
|
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2013 |
|
December 31, 2013 |
|
|
|
|
|
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 |
$ |
5,332 |
$ |
5,373 |
$ |
--- |
|
$ |
4,473 |
$ |
172 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial and industrial |
|
11,884 |
|
15,031 |
|
--- |
|
|
13,117 |
|
640 |
|
Total commercial and industrial |
$ |
17,216 |
$ |
20,404 |
$ |
--- |
|
$ |
17,590 |
$ |
812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
55,773 |
$ |
64,780 |
$ |
--- |
|
$ |
46,764 |
$ |
2,450 |
|
|
Multi family |
|
--- |
|
--- |
|
--- |
|
|
3,627 |
|
220 |
|
|
Office |
|
9,069 |
|
13,721 |
|
--- |
|
|
12,151 |
|
1,161 |
|
|
Industrial and warehouse |
|
9,682 |
|
10,803 |
|
--- |
|
|
10,586 |
|
595 |
|
|
Purchased credit-impaired |
|
82,073 |
|
154,869 |
|
--- |
|
|
104,513 |
|
10,875 |
|
|
Other commercial real estate |
|
6,002 |
|
6,924 |
|
--- |
|
|
7,954 |
|
434 |
|
Total commercial real estate |
$ |
162,599 |
$ |
251,097 |
$ |
--- |
|
$ |
185,595 |
$ |
15,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Secured by junior-lien |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total home equity |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total residential mortgage |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
--- |
$ |
--- |
$ |
--- |
|
$ |
--- |
$ |
--- |
|
|
Purchased credit-impaired |
|
129 |
|
219 |
|
--- |
|
|
137 |
|
17 |
|
Total other consumer |
$ |
129 |
$ |
219 |
$ |
--- |
|
$ |
137 |
$ |
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial: (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
40,271 |
$ |
52,810 |
$ |
3,421 |
|
$ |
41,469 |
$ |
1,390 |
|
|
Purchased credit-impaired |
|
35,526 |
|
50,798 |
|
2,404 |
|
|
47,442 |
|
4,708 |
|
|
Other commercial and industrial |
|
50,829 |
|
64,497 |
|
2,708 |
|
|
59,672 |
|
3,242 |
|
Total commercial and industrial |
$ |
126,626 |
$ |
168,105 |
$ |
8,533 |
|
$ |
148,583 |
$ |
9,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
72,339 |
$ |
93,395 |
$ |
5,984 |
|
$ |
64,414 |
$ |
1,936 |
|
|
Multi family |
|
13,484 |
|
15,408 |
|
1,944 |
|
|
14,922 |
|
651 |
|
|
Office |
|
50,307 |
|
54,921 |
|
9,927 |
|
|
48,113 |
|
1,808 |
|
|
Industrial and warehouse |
|
9,162 |
|
10,561 |
|
808 |
|
|
15,322 |
|
541 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
|
Other commercial real estate |
|
42,544 |
|
50,960 |
|
16,272 |
|
|
36,687 |
|
1,547 |
|
Total commercial real estate |
$ |
187,836 |
$ |
225,245 |
$ |
34,935 |
|
$ |
179,458 |
$ |
6,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
37,084 |
$ |
38,758 |
$ |
682 |
|
$ |
39,861 |
$ |
2,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
$ |
110,024 |
$ |
116,846 |
$ |
2,396 |
|
$ |
96,184 |
$ |
4,116 |
|
|
Secured by junior-lien |
|
98,957 |
|
143,967 |
|
5,607 |
|
|
65,986 |
|
3,379 |
|
Total home equity |
$ |
208,981 |
$ |
260,813 |
$ |
8,003 |
|
$ |
162,170 |
$ |
7,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
387,937 |
$ |
427,924 |
$ |
10,555 |
|
$ |
377,530 |
$ |
11,752 |
|
|
Purchased credit-impaired |
|
2,498 |
|
3,681 |
|
36 |
|
|
2,285 |
|
331 |
|
Total residential mortgage |
$ |
390,435 |
$ |
431,605 |
$ |
10,591 |
|
$ |
379,815 |
$ |
12,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other consumer |
$ |
1,041 |
$ |
1,041 |
$ |
136 |
|
$ |
2,111 |
$ |
116 |
|
|
Purchased credit-impaired |
|
--- |
|
--- |
|
--- |
|
|
--- |
|
--- |
|
Total other consumer |
$ |
1,041 |
$ |
1,041 |
$ |
136 |
|
$ |
2,111 |
$ |
116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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, 2014, $62,737 thousand of the $202,376 thousand C&I loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2013, $43,805 thousand of the $126,626 thousand C&I loans with an allowance recorded were considered impaired due to their status as a TDR. |
(4) |
At December 31, 2014, $27,423 thousand of the $144,162 thousand CRE loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2013, $24,805 thousand of the $187,836 thousand CRE 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, 2014, $24,470 thousand of the $371,489 thousand residential mortgage loans with an allowance recorded were guaranteed by the U.S. government. At December 31, 2013, $49,225 thousand of the $390,435 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, 2014 and 2013:
|
|
New Troubled Debt Restructurings During The Year Ended(1)
|
|
|
December 31, 2014 |
|
December 31, 2013 |
|
|
|
Post-modification |
|
|
|
|
|
|
|
|
|
Outstanding |
|
|
|
Post-modification |
|
|
|
Number of |
Ending |
Financial effects |
|
Number of |
Outstanding |
Financial effects |
(dollar amounts in thousands) |
Contracts |
Balance |
of modification(2)
|
|
Contracts |
Balance |
of modification(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Owner occupied:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
19 |
$ |
2,484 |
$ |
20 |
|
22 |
$ |
6,601 |
$ |
(466) |
|
Amortization or maturity date change |
97 |
|
32,145 |
|
336 |
|
64 |
|
15,662 |
|
(12) |
|
Other |
7 |
|
2,051 |
|
(36) |
|
16 |
|
7,367 |
|
337 |
Total C&I - Owner occupied |
123 |
$ |
36,680 |
$ |
320 |
|
102 |
$ |
29,630 |
$ |
(141) |
|
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Other commercial and industrial:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
25 |
$ |
50,534 |
$ |
(1,982) |
|
26 |
$ |
75,447 |
$ |
(1,040) |
|
Amortization or maturity date change |
285 |
|
149,339 |
|
(2,407) |
|
120 |
|
53,340 |
|
1,295 |
|
Other |
21 |
|
7,613 |
|
(7) |
|
35 |
|
18,290 |
|
(1,163) |
Total C&I - Other commercial and industrial |
331 |
$ |
207,486 |
$ |
(4,396) |
|
181 |
$ |
147,077 |
$ |
(908) |
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Retail properties:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
5 |
$ |
11,381 |
$ |
420 |
|
4 |
$ |
1,116 |
$ |
(8) |
|
Amortization or maturity date change |
24 |
|
27,415 |
|
(267) |
|
21 |
|
27,550 |
|
4,159 |
|
Other |
9 |
|
13,765 |
|
(35) |
|
12 |
|
19,842 |
|
(558) |
Total CRE - Retail properties |
38 |
$ |
52,561 |
$ |
118 |
|
37 |
$ |
48,508 |
$ |
3,593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Multi family:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
20 |
$ |
3,484 |
$ |
(75) |
|
10 |
$ |
4,444 |
$ |
7 |
|
Amortization or maturity date change |
40 |
|
9,791 |
|
197 |
|
16 |
|
2,345 |
|
415 |
|
Other |
8 |
|
5,016 |
|
57 |
|
5 |
|
8,085 |
|
(2) |
Total CRE - Multi family |
68 |
$ |
18,291 |
$ |
179 |
|
31 |
$ |
14,874 |
$ |
420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Office:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
2 |
$ |
120 |
$ |
(1) |
|
7 |
$ |
6,504 |
$ |
1,656 |
|
Amortization or maturity date change |
22 |
|
18,157 |
|
(424) |
|
16 |
|
12,388 |
|
91 |
|
Other |
5 |
|
35,476 |
|
(3,153) |
|
6 |
|
7,044 |
|
655 |
Total CRE - Office |
29 |
$ |
53,753 |
$ |
(3,578) |
|
29 |
$ |
25,936 |
$ |
2,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Industrial and warehouse:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
2 |
$ |
4,046 |
$ |
--- |
|
1 |
$ |
2,682 |
$ |
(476) |
|
Amortization or maturity date change |
17 |
|
9,187 |
|
164 |
|
9 |
|
4,069 |
|
(185) |
|
Other |
1 |
|
977 |
|
--- |
|
1 |
|
5,867 |
|
--- |
Total CRE - Industrial and Warehouse |
20 |
$ |
14,210 |
$ |
164 |
|
11 |
$ |
12,618 |
$ |
(661) |
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE - Other commercial real estate:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
8 |
$ |
5,224 |
$ |
146 |
|
19 |
$ |
10,996 |
$ |
96 |
|
Amortization or maturity date change |
55 |
|
76,353 |
|
(2,789) |
|
21 |
|
17,851 |
|
4,923 |
|
Other |
4 |
|
1,809 |
|
(127) |
|
13 |
|
9,735 |
|
(101) |
Total CRE - Other commercial real estate |
67 |
$ |
83,386 |
$ |
(2,770) |
|
53 |
$ |
38,582 |
$ |
4,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
92 |
$ |
758 |
$ |
15 |
|
14 |
$ |
106 |
$ |
--- |
|
Amortization or maturity date change |
1,880 |
|
12,120 |
|
151 |
|
1,659 |
|
9,420 |
|
(76) |
|
Chapter 7 bankruptcy |
625 |
|
4,938 |
|
66 |
|
1,313 |
|
7,748 |
|
301 |
|
Other |
--- |
|
--- |
|
--- |
|
--- |
|
--- |
|
--- |
Total Automobile |
2,597 |
$ |
17,816 |
$ |
232 |
|
2,986 |
$ |
17,274 |
$ |
225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage:(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
| |