LOANS AND LEASES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Receivables [Abstract] |
|
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period |
The following table reflects the contractually required payments receivable, cash flows expected to be collected, and fair value of the credit impaired FirstMerit loans at acquisition date:
|
|
|
|
|
|
(dollar amounts in thousands) |
|
August 16,
2016 |
Contractually required payments including interest |
|
$ |
283,947 |
|
Less: nonaccretable difference |
|
(84,315 |
) |
Cash flows expected to be collected |
|
199,632 |
|
Less: accretable yield |
|
(17,717 |
) |
Fair value of loans acquired |
|
$ |
181,915 |
|
|
| Schedule of financing receivable portfolio segments |
|
| Lease financing receivables |
Net investments in lease financing receivables by category at December 31, 2016 and 2015 were as follows:
|
|
|
|
|
|
|
|
|
|
At December 31, |
(dollar amounts in thousands) |
2016 |
|
2015 |
Commercial and industrial: |
|
|
|
Lease payments receivable |
$ |
1,881,596 |
|
|
$ |
1,551,885 |
|
Estimated residual value of leased assets |
797,611 |
|
|
711,181 |
|
Gross investment in commercial lease financing receivables |
2,679,207 |
|
|
2,263,066 |
|
Net deferred origination costs |
12,683 |
|
|
7,068 |
|
Deferred fees |
(253,423 |
) |
|
(208,669 |
) |
Total net investment in commercial lease financing receivables |
$ |
2,438,467 |
|
|
$ |
2,061,465 |
|
|
| Loans acquired with deteriorated credit quality |
The following table presents a rollforward of the accretable yield for purchased credit impaired FirstMerit loans for the year ended December 31, 2016: and 2015:
|
|
|
|
|
(dollar amounts in thousands) |
2016 |
Balance, beginning of period |
$ |
— |
|
Impact of acquisition/purchase on August 16, 2016 |
17,717 |
|
Accretion |
(5,401 |
) |
Reclassification (to) from nonaccretable difference |
24,353 |
|
Balance at December 31, |
$ |
36,669 |
|
The following table reflects the ending and unpaid balances of the FirstMerit purchased credit-impaired loans at December 31, 2016: 2015
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
(dollar amounts in thousands) |
Ending
Balance |
|
Unpaid
Balance |
Commercial and industrial |
$ |
68,338 |
|
|
$ |
100,031 |
|
Commercial real estate |
34,042 |
|
|
56,320 |
|
Total |
$ |
102,380 |
|
|
$ |
156,351 |
|
|
| Loan Purchases and Sales |
The following table summarizes significant portfolio loan purchase and sale activity for the years ended December 31, 2016 and 2015. The table below excludes mortgage loans originated for sale.
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
2016 |
|
|
2015 |
|
Portfolio loans and leases purchased or transferred from held for sale: |
Commercial and industrial |
|
$ |
394,579 |
|
|
|
$ |
316,252 |
|
|
Commercial real estate |
|
— |
|
|
|
— |
|
|
Automobile |
|
— |
|
|
|
— |
|
|
Home equity |
|
— |
|
|
|
— |
|
|
Residential mortgage |
|
16,045 |
|
|
|
20,463 |
|
|
RV and marine finance |
|
— |
|
|
|
— |
|
|
Other consumer |
|
— |
|
|
|
— |
|
|
Total |
|
$ |
410,624 |
|
|
|
$ |
336,715 |
|
|
|
|
|
|
|
|
|
Portfolio loans and leases sold or transferred to loans held for sale: |
Commercial and industrial |
|
$ |
1,293,711 |
|
(1 |
) |
|
$ |
380,713 |
|
|
Commercial real estate |
|
76,965 |
|
(2 |
) |
|
— |
|
|
Automobile |
|
1,544,642 |
|
|
|
764,540 |
|
(3) |
Home equity |
|
— |
|
|
|
96,786 |
|
|
Residential mortgage |
|
— |
|
|
|
— |
|
|
RV and marine finance |
|
— |
|
|
|
— |
|
|
Other consumer |
|
— |
|
|
|
— |
|
|
Total |
|
$ |
2,915,318 |
|
|
|
$ |
1,242,039 |
|
|
(1) Reflects the transfer of approximately $1.0 billion of loans to loans held-for-sale in the 2016 third quarter, net of approximately $341 million of loans transferred back to loans held for investment in the 2016 fourth quarter.
(2) Reflects the transfer of approximately $124 million of loans to loans held-for-sale in the 2016 third quarter, net of approximately $47 million of loans transferred back to loans held for investment in the 2016 fourth quarter.
(3) Reflects the transfer of approximately $1.0 billion of loans to loans held-for-sale during the 2015 first quarter, net of approximately $262 million of loans transferred to loans and leases in the 2015 second quarter.
|
| Nonaccrual loans by loan class |
The following table presents NALs by loan class at December 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
December 31, |
(dollar amounts in thousands) |
2016 |
|
2015 |
Commercial and industrial |
$ |
234,184 |
|
|
$ |
175,195 |
|
Commercial real estate |
20,508 |
|
|
28,984 |
|
Automobile |
5,766 |
|
|
6,564 |
|
Home equity |
71,798 |
|
|
66,278 |
|
Residential mortgage |
90,502 |
|
|
94,560 |
|
RV and marine finance |
245 |
|
|
— |
|
Other consumer |
— |
|
|
— |
|
Total nonaccrual loans |
$ |
423,003 |
|
|
$ |
371,581 |
|
|
| 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 at December 31, 2016 and 2015 (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
Past Due |
|
|
|
|
|
Loans Accounted for Under the Fair Value Option |
|
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 |
|
Purchased Credit
Impaired
|
|
|
|
|
Commercial and industrial |
$ |
42,052 |
|
|
$ |
20,136 |
|
|
$ |
74,174 |
|
|
$ |
136,362 |
|
|
$ |
27,854,012 |
|
|
$ |
68,338 |
|
|
$ |
— |
|
|
$ |
28,058,712 |
|
|
$ |
18,148 |
|
(2) |
Commercial real estate |
21,187 |
|
|
3,202 |
|
|
29,659 |
|
|
54,048 |
|
|
7,212,811 |
|
|
34,042 |
|
|
— |
|
|
7,300,901 |
|
|
17,215 |
|
|
Automobile loans and leases |
76,283 |
|
|
17,188 |
|
|
10,442 |
|
|
103,913 |
|
|
10,862,715 |
|
|
— |
|
|
2,154 |
|
|
10,968,782 |
|
|
10,182 |
|
|
Home equity |
38,899 |
|
|
23,903 |
|
|
53,002 |
|
|
115,804 |
|
|
9,986,697 |
|
|
— |
|
|
3,273 |
|
|
10,105,774 |
|
|
11,508 |
|
|
Residential mortgage |
122,469 |
|
|
37,460 |
|
|
116,682 |
|
|
276,611 |
|
|
7,373,414 |
|
|
— |
|
|
74,936 |
|
|
7,724,961 |
|
|
66,952 |
|
|
RV and marine finance |
10,009 |
|
|
2,230 |
|
|
1,566 |
|
|
13,805 |
|
|
1,831,123 |
|
|
— |
|
|
1,519 |
|
|
1,846,447 |
|
|
1,462 |
|
|
Other consumer |
9,442 |
|
|
4,324 |
|
|
3,894 |
|
|
17,660 |
|
|
938,322 |
|
|
— |
|
|
437 |
|
|
956,419 |
|
|
3,895 |
|
|
Total loans and leases |
$ |
320,341 |
|
|
$ |
108,443 |
|
|
$ |
289,419 |
|
|
$ |
718,203 |
|
|
$ |
66,059,094 |
|
|
$ |
102,380 |
|
|
$ |
82,319 |
|
|
$ |
66,961,996 |
|
|
$ |
129,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
$ |
44,715 |
|
|
$ |
13,580 |
|
|
$ |
46,978 |
|
|
$ |
105,273 |
|
|
$ |
20,454,561 |
|
|
$ |
20,559,834 |
|
|
$ |
8,724 |
|
(2) |
Commercial real estate |
9,232 |
|
|
5,721 |
|
|
21,666 |
|
|
36,619 |
|
|
5,232,032 |
|
|
5,268,651 |
|
|
9,549 |
|
|
Automobile loans and leases |
69,553 |
|
|
14,965 |
|
|
7,346 |
|
|
91,864 |
|
|
9,388,814 |
|
|
9,480,678 |
|
|
7,162 |
|
|
Home equity |
36,477 |
|
|
16,905 |
|
|
56,300 |
|
|
109,682 |
|
|
8,360,800 |
|
|
8,470,482 |
|
|
9,044 |
|
|
Residential mortgage |
102,773 |
|
|
34,298 |
|
|
119,354 |
|
|
256,425 |
|
|
5,741,975 |
|
|
5,998,400 |
|
|
69,917 |
|
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
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 include Huntington Technology Finance administrative lease delinquencies. |
|
| ALLL and AULC activity by portfolio segment |
The following table presents ALLL and AULC activity by portfolio segment for the years ended December 31, 2016, 2015, and 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
Commercial |
|
Consumer |
|
Total |
Year ended December 31, 2016: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
398,753 |
|
|
$ |
199,090 |
|
|
$ |
597,843 |
|
Loan charge-offs |
|
(91,914 |
) |
|
(135,400 |
) |
|
(227,314 |
) |
Recoveries of loans previously charged-off |
|
73,138 |
|
|
45,280 |
|
|
118,418 |
|
Provision (reduction in allowance) for loan and lease losses |
|
84,381 |
|
|
85,026 |
|
|
169,407 |
|
Allowance for loans sold or transferred to loans held for sale |
|
(13,267 |
) |
|
(6,674 |
) |
|
(19,941 |
) |
ALLL balance, end of period |
|
$ |
451,091 |
|
|
$ |
187,322 |
|
|
$ |
638,413 |
|
AULC balance, beginning of period |
|
$ |
63,448 |
|
|
$ |
8,633 |
|
|
$ |
72,081 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
18,692 |
|
|
2,703 |
|
|
21,395 |
|
AULC recorded at acquisition |
|
4,403 |
|
|
— |
|
|
4,403 |
|
AULC balance, end of period |
|
$ |
86,543 |
|
|
$ |
11,336 |
|
|
$ |
97,879 |
|
ACL balance, end of period |
|
$ |
537,634 |
|
|
$ |
198,658 |
|
|
$ |
736,292 |
|
|
|
|
|
|
|
|
Year ended December 31, 2015: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
389,834 |
|
|
$ |
215,362 |
|
|
$ |
605,196 |
|
Loan charge-offs |
|
(97,800 |
) |
|
(120,081 |
) |
|
(217,881 |
) |
Recoveries of loans previously charged-off |
|
86,419 |
|
|
43,669 |
|
|
130,088 |
|
Provision (reduction in allowance) for loan and lease losses |
|
20,300 |
|
|
68,379 |
|
|
88,679 |
|
Allowance for loans sold or transferred to loans held for sale |
|
— |
|
|
(8,239 |
) |
|
(8,239 |
) |
ALLL balance, end of period |
|
$ |
398,753 |
|
|
$ |
199,090 |
|
|
$ |
597,843 |
|
AULC balance, beginning of period |
|
$ |
55,029 |
|
|
$ |
5,777 |
|
|
$ |
60,806 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
8,419 |
|
|
2,856 |
|
|
11,275 |
|
AULC recorded at acquisition |
|
— |
|
|
— |
|
|
— |
|
AULC balance, end of period |
|
$ |
63,448 |
|
|
$ |
8,633 |
|
|
$ |
72,081 |
|
ACL balance, end of period |
|
$ |
462,201 |
|
|
$ |
207,723 |
|
|
$ |
669,924 |
|
|
|
|
|
|
|
|
Year ended December 31, 2014: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
428,358 |
|
|
$ |
219,512 |
|
|
$ |
647,870 |
|
Loan charge-offs |
|
(101,358 |
) |
|
(145,243 |
) |
|
(246,601 |
) |
Recoveries of loans previously charged-off |
|
78,602 |
|
|
43,372 |
|
|
121,974 |
|
Provision (reduction in allowance) for loan and lease losses |
|
(15,768 |
) |
|
98,850 |
|
|
83,082 |
|
Allowance for loans sold or transferred to loans held for sale |
|
— |
|
|
(1,129 |
) |
|
(1,129 |
) |
ALLL balance, end of period |
|
$ |
389,834 |
|
|
$ |
215,362 |
|
|
$ |
605,196 |
|
AULC balance, beginning of period |
|
$ |
59,487 |
|
|
$ |
3,412 |
|
|
$ |
62,899 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
(4,458 |
) |
|
2,365 |
|
|
(2,093 |
) |
AULC recorded at acquisition |
|
— |
|
|
— |
|
|
— |
|
AULC balance, end of period |
|
$ |
55,029 |
|
|
$ |
5,777 |
|
|
$ |
60,806 |
|
ACL balance, end of period |
|
$ |
444,863 |
|
|
$ |
221,139 |
|
|
$ |
666,002 |
|
|
| Loan and lease balances by credit quality indicator |
The following table presents each loan and lease class by credit quality indicator at December 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
Credit Risk Profile by UCS Classification |
(dollar amounts in thousands) |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial |
$ |
26,211,885 |
|
|
$ |
810,287 |
|
|
$ |
1,028,819 |
|
|
$ |
7,721 |
|
|
$ |
28,058,712 |
|
Commercial real estate |
7,042,304 |
|
|
96,975 |
|
|
159,098 |
|
|
2,524 |
|
|
7,300,901 |
|
|
Credit Risk Profile by FICO Score (1), (2) |
|
750+ |
|
650-749 |
|
<650 |
|
Other (3) |
|
Total |
Automobile |
5,369,085 |
|
|
4,043,611 |
|
|
1,298,460 |
|
|
255,472 |
|
|
10,966,628 |
|
Home equity |
6,280,328 |
|
|
2,891,330 |
|
|
637,560 |
|
|
293,283 |
|
|
10,102,501 |
|
Residential mortgage |
4,662,777 |
|
|
2,285,121 |
|
|
615,067 |
|
|
87,060 |
|
|
7,650,025 |
|
RV and marine finance |
1,064,143 |
|
|
644,039 |
|
|
72,995 |
|
|
63,751 |
|
|
1,844,928 |
|
Other consumer |
346,867 |
|
|
455,959 |
|
|
133,243 |
|
|
19,913 |
|
|
955,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Credit Risk Profile by UCS Classification |
(dollar amounts in thousands) |
Pass |
|
OLEM |
|
Substandard |
|
Doubtful |
|
Total |
Commercial and industrial |
$ |
19,257,789 |
|
|
$ |
399,339 |
|
|
$ |
895,577 |
|
|
$ |
7,129 |
|
|
$ |
20,559,834 |
|
Commercial real estate |
5,066,054 |
|
|
79,787 |
|
|
121,167 |
|
|
1,643 |
|
|
5,268,651 |
|
|
Credit Risk Profile by FICO Score (1), (2) |
|
750+ |
|
650-749 |
|
<650 |
|
Other (3) |
|
Total |
Automobile |
4,680,684 |
|
|
3,454,585 |
|
|
1,086,914 |
|
|
258,495 |
|
|
9,480,678 |
|
Home equity |
5,210,741 |
|
|
2,466,425 |
|
|
582,326 |
|
|
210,990 |
|
|
8,470,482 |
|
Residential mortgage |
3,564,064 |
|
|
1,813,779 |
|
|
567,984 |
|
|
52,573 |
|
|
5,998,400 |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
233,969 |
|
|
269,746 |
|
|
49,650 |
|
|
9,689 |
|
|
563,054 |
|
|
|
(1) |
Excludes loans accounted for under the fair value option. |
|
|
(2) |
Reflects most recent customer credit scores. |
|
|
(3) |
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 for the years ended December 31, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
Commercial |
|
Consumer |
|
Total |
ALLL at December 31, 2016: |
|
|
|
|
|
|
Portion of ALLL balance: |
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
|
$ |
10,525 |
|
|
$ |
11,021 |
|
|
$ |
21,546 |
|
Attributable to loans collectively evaluated for impairment |
|
440,566 |
|
|
176,301 |
|
|
616,867 |
|
Total ALLL balance |
|
$ |
451,091 |
|
|
$ |
187,322 |
|
|
$ |
638,413 |
|
Loan and Lease Ending Balances at December 31, 2016: (1) |
|
|
|
|
|
|
Portion of loan and lease ending balance: |
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
|
$ |
102,380 |
|
|
$ |
— |
|
|
$ |
102,380 |
|
Individually evaluated for impairment |
|
415,624 |
|
|
457,890 |
|
|
873,514 |
|
Collectively evaluated for impairment |
|
34,841,609 |
|
|
31,062,174 |
|
|
65,903,783 |
|
Total loans and leases evaluated for impairment |
|
$ |
35,359,613 |
|
|
$ |
31,520,064 |
|
|
$ |
66,879,677 |
|
|
|
(1) |
Excludes loans accounted for under the fair value option. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
Commercial |
|
Consumer |
|
Total |
ALLL at December 31, 2015: |
|
|
|
|
|
|
Portion of ALLL balance: |
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
|
$ |
2,602 |
|
|
$ |
127 |
|
|
$ |
2,729 |
|
Attributable to loans individually evaluated for impairment |
|
27,428 |
|
|
35,008 |
|
|
62,436 |
|
Attributable to loans collectively evaluated for impairment |
|
368,723 |
|
|
163,955 |
|
|
532,678 |
|
Total ALLL balance: |
|
$ |
398,753 |
|
|
$ |
199,090 |
|
|
$ |
597,843 |
|
Loan and Lease Ending Balances at December 31, 2015: (1) |
|
|
|
|
|
|
Portion of loan and lease ending balances: |
|
|
|
|
|
|
Attributable to purchased credit-impaired loans |
|
$ |
34,775 |
|
|
$ |
1,506 |
|
|
$ |
36,281 |
|
Individually evaluated for impairment |
|
626,010 |
|
|
651,778 |
|
|
1,277,788 |
|
Collectively evaluated for impairment |
|
25,167,700 |
|
|
23,859,330 |
|
|
49,027,030 |
|
Total loans and leases evaluated for impairment |
|
$ |
25,828,485 |
|
|
$ |
24,512,614 |
|
|
$ |
50,341,099 |
|
|
| 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 impaired loans and leases and purchased credit-impaired loans for the years ended December 31, 2016 and 2015 (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2016 |
|
December 31, 2016 |
(dollar amounts in thousands) |
Ending
Balance
|
|
Unpaid
Principal
Balance (4)
|
|
Related
Allowance
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
299,606 |
|
|
$ |
358,712 |
|
|
$ |
— |
|
|
$ |
292,567 |
|
|
$ |
9,401 |
|
Commercial real estate |
88,817 |
|
|
126,152 |
|
|
— |
|
|
73,040 |
|
|
4,191 |
|
Automobile |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Home equity |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Residential mortgage |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
Commercial and industrial (2) |
406,243 |
|
|
448,121 |
|
|
22,259 |
|
|
301,598 |
|
|
8,124 |
|
Commercial real estate (3) |
97,238 |
|
|
107,512 |
|
|
3,434 |
|
|
68,865 |
|
|
2,978 |
|
Automobile |
30,961 |
|
|
31,298 |
|
|
1,850 |
|
|
31,722 |
|
|
2,162 |
|
Home equity |
319,404 |
|
|
352,722 |
|
|
15,032 |
|
|
277,692 |
|
|
13,410 |
|
Residential mortgage (5) |
327,753 |
|
|
363,099 |
|
|
12,849 |
|
|
348,158 |
|
|
11,945 |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
3,897 |
|
|
3,897 |
|
|
260 |
|
|
4,481 |
|
|
233 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Commercial and industrial |
705,849 |
|
|
806,833 |
|
|
22,259 |
|
|
594,165 |
|
|
17,525 |
|
Commercial real estate |
186,055 |
|
|
233,664 |
|
|
3,434 |
|
|
141,905 |
|
|
7,169 |
|
Automobile |
30,961 |
|
|
31,298 |
|
|
1,850 |
|
|
31,722 |
|
|
2,162 |
|
Home equity |
319,404 |
|
|
352,722 |
|
|
15,032 |
|
|
277,692 |
|
|
13,410 |
|
Residential mortgage |
327,753 |
|
|
363,099 |
|
|
12,849 |
|
|
348,158 |
|
|
11,945 |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
3,897 |
|
|
3,897 |
|
|
260 |
|
|
4,481 |
|
|
233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
December 31, 2015 |
|
December 31, 2015 |
(dollar amounts in thousands) |
Ending
Balance
|
|
Unpaid
Principal
Balance (4)
|
|
Related
Allowance
|
|
Average
Balance
|
|
Interest
Income
Recognized
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
255,801 |
|
|
$ |
279,551 |
|
|
$ |
— |
|
|
$ |
114,389 |
|
|
$ |
2,584 |
|
Commercial real estate |
68,260 |
|
|
125,814 |
|
|
— |
|
|
88,173 |
|
|
7,199 |
|
Automobile |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Home equity |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Residential mortgage |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
52 |
|
|
101 |
|
|
— |
|
|
51 |
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
Commercial and industrial (2) |
246,249 |
|
|
274,203 |
|
|
21,916 |
|
|
267,662 |
|
|
15,110 |
|
Commercial real estate (3) |
90,475 |
|
|
104,930 |
|
|
8,114 |
|
|
114,019 |
|
|
4,833 |
|
Automobile |
31,304 |
|
|
31,878 |
|
|
1,779 |
|
|
30,163 |
|
|
2,224 |
|
Home equity |
248,839 |
|
|
284,957 |
|
|
16,242 |
|
|
292,014 |
|
|
13,092 |
|
Residential mortgage (5) |
368,449 |
|
|
411,114 |
|
|
16,938 |
|
|
373,573 |
|
|
12,889 |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
4,640 |
|
|
4,649 |
|
|
176 |
|
|
4,675 |
|
|
254 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
Commercial and industrial |
502,050 |
|
|
553,754 |
|
|
21,916 |
|
|
382,051 |
|
|
17,694 |
|
Commercial real estate |
158,735 |
|
|
230,744 |
|
|
8,114 |
|
|
202,192 |
|
|
12,032 |
|
Automobile |
31,304 |
|
|
31,878 |
|
|
1,779 |
|
|
30,163 |
|
|
2,224 |
|
Home equity |
248,839 |
|
|
284,957 |
|
|
16,242 |
|
|
292,014 |
|
|
13,092 |
|
Residential mortgage |
368,449 |
|
|
411,114 |
|
|
16,938 |
|
|
373,573 |
|
|
12,889 |
|
RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer |
4,692 |
|
|
4,750 |
|
|
176 |
|
|
4,726 |
|
|
271 |
|
|
|
(1) |
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. |
|
|
(2) |
At December 31, 2016, $293 million of the $406 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2015, $91 million of the $246 million C&I loans with an allowance recorded were considered impaired due to their status as a TDR.
|
|
|
(3) |
At December 31, 2016, $81 million of the $97 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR. At December 31, 2015, $35 million of the $90 million CRE loans with an allowance recorded were considered impaired due to their status as a TDR.
|
|
|
(4) |
The differences between the ending balance and unpaid principal balance amounts represent partial charge-offs. |
|
|
(5) |
At December 31, 2016, $29 million of the $328 million residential mortgage loans with an allowance recorded were guaranteed by the U.S. government. At December 31, 2015, $29 million of the $368 million 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, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Troubled Debt Restructurings During The Year Ended (1) |
|
December 31, 2016 |
|
December 31, 2015 |
(dollar amounts in thousands) |
Number of
Contracts
|
|
Post-modification
Outstanding
Balance (2)
|
|
Financial effects
of modification (3)
|
|
Number of
Contracts
|
|
Post-modification
Outstanding
Balance (2)
|
|
Financial effects
of modification (3)
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
4 |
|
|
161 |
|
|
5 |
|
|
13 |
|
|
8,243 |
|
|
(1,042 |
) |
Amortization or maturity date change |
872 |
|
|
490,488 |
|
|
(8,751 |
) |
|
765 |
|
|
524,356 |
|
|
(5,853 |
) |
Other |
20 |
|
|
1,951 |
|
|
(13.996 |
) |
|
16 |
|
|
29,842 |
|
|
(449 |
) |
Total Commercial and industrial |
896 |
|
|
492,600 |
|
|
(8,760 |
) |
|
794 |
|
|
562,441 |
|
|
(7,344 |
) |
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
2 |
|
|
223 |
|
|
— |
|
|
4 |
|
|
2,249 |
|
|
(4 |
) |
Amortization or maturity date change |
111 |
|
|
69,192 |
|
|
(1,868 |
) |
|
143 |
|
|
141,238 |
|
|
(1,249 |
) |
Other |
4 |
|
|
315 |
|
|
16 |
|
|
11 |
|
|
480 |
|
|
(30 |
) |
Total commercial real estate: |
117 |
|
|
69,730 |
|
|
(1,852 |
) |
|
158 |
|
|
143,967 |
|
|
(1,283 |
) |
Automobile: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
17 |
|
|
212 |
|
|
12 |
|
|
41 |
|
|
121 |
|
|
5 |
|
Amortization or maturity date change |
1,593 |
|
|
14,542 |
|
|
1,065 |
|
|
1,591 |
|
|
12,268 |
|
|
533 |
|
Chapter 7 bankruptcy |
1,059 |
|
|
8,418 |
|
|
400 |
|
|
926 |
|
|
7,390 |
|
|
423 |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Automobile |
2,669 |
|
|
23,172 |
|
|
1,477 |
|
|
2,558 |
|
|
19,779 |
|
|
961 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
55 |
|
|
2,928 |
|
|
110 |
|
|
55 |
|
|
4,399 |
|
|
161 |
|
Amortization or maturity date change |
578 |
|
|
32,006 |
|
|
(3,709 |
) |
|
1,591 |
|
|
79,023 |
|
|
(10,639 |
) |
Chapter 7 bankruptcy |
282 |
|
|
10,035 |
|
|
2,819 |
|
|
330 |
|
|
9,855 |
|
|
4,271 |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Home equity |
915 |
|
|
44,969 |
|
|
(780 |
) |
|
1,976 |
|
|
93,277 |
|
|
(6,207 |
) |
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
13 |
|
|
1,287 |
|
|
(18 |
) |
|
15 |
|
|
1,565 |
|
|
(61 |
) |
Amortization or maturity date change |
363 |
|
|
39,170 |
|
|
(1,650 |
) |
|
518 |
|
|
57,859 |
|
|
(455 |
) |
Chapter 7 bankruptcy |
62 |
|
|
5,715 |
|
|
(86 |
) |
|
139 |
|
|
14,183 |
|
|
(164 |
) |
Other |
4 |
|
|
424 |
|
|
— |
|
|
11 |
|
|
1,266 |
|
|
— |
|
Total Residential mortgage |
442 |
|
|
46,596 |
|
|
(1,754 |
) |
|
683 |
|
|
74,873 |
|
|
(680 |
) |
RV and marine finance: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Amortization or maturity date change |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Chapter 7 bankruptcy |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total RV and marine finance |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
96 |
|
|
3 |
|
Amortization or maturity date change |
6 |
|
|
575 |
|
|
24 |
|
|
10 |
|
|
198 |
|
|
8 |
|
Chapter 7 bankruptcy |
8 |
|
|
72 |
|
|
7 |
|
|
11 |
|
|
69 |
|
|
9 |
|
Other |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total Other consumer |
14 |
|
|
647 |
|
|
31 |
|
|
22 |
|
|
363 |
|
|
20 |
|
Total new troubled debt restructurings |
5,053 |
|
|
$ |
677,714 |
|
|
$ |
(11,638 |
) |
|
6,191 |
|
|
$ |
894,700 |
|
|
$ |
(14,533 |
) |
|
|
(1) |
TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. |
|
|
(2) |
Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant. |
|
|
(3) |
Amounts represent the financial impact via provision (recovery) for loan and lease losses as a result of the modification. |
|