Quarterly report pursuant to Section 13 or 15(d)

LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES

v3.7.0.1
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
LOANS / LEASES AND ALLOWANCE FOR CREDIT LOSSES
Loans and leases for which Huntington has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are classified in the Unaudited Condensed Consolidated Balance Sheets as loans and leases. Except for loans which are accounted for at fair value, loans are carried at the principal amount outstanding, net of unamortized premiums and discounts and deferred loan fees and costs and purchase accounting adjustments, which resulted in a net premium of $245 million and $120 million at June 30, 2017 and December 31, 2016, respectively.
Loan and Lease Portfolio Composition
The following table provides a detailed listing of Huntington’s loan and lease portfolio at June 30, 2017 and December 31, 2016:
(dollar amounts in thousands)
June 30,
2017
 
December 31,
2016
Loans and leases:
 
 
 
Commercial and industrial
$
27,969,151

 
$
28,058,712

Commercial real estate
7,145,151

 
7,300,901

Automobile
11,555,137

 
10,968,782

Home equity
9,965,534

 
10,105,774

Residential mortgage
8,237,297

 
7,724,961

RV and marine finance
2,177,732

 
1,846,447

Other consumer
1,009,308

 
956,419

Loans and leases
68,059,310

 
66,961,996

Allowance for loan and lease losses
(667,996
)
 
(638,413
)
Net loans and leases
$
67,391,314

 
$
66,323,583


Purchased Credit-Impaired Loans
The following table presents a rollforward of the accretable yield for purchased credit impaired loans for the three-month and six-month period ended June 30, 2017: and 2016:
 
 
 
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(dollar amounts in thousands)
 
2017
 
2017
FirstMerit
 
 
 
 
Balance, beginning of period
 
$
37,372

 
$
36,669

Accretion
 
(4,788
)
 
(9,490
)
Reclassification (to) from nonaccretable difference
 
3,925

 
9,330

Balance, end of period
 
$
36,509

 
$
36,509


The following table reflects the ending and unpaid balances of the purchase credit impaired loans at June 30, 2017 and December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017
 
December 31, 2016
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Balance
 
ALLL
 
Ending
Balance
 
Unpaid
Balance
 
ALLL
FirstMerit
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
54,942

 
$
81,934

 
$
970

 
$
68,338

 
$
100,031

 
$

Commercial real estate
20,780

 
34,904

 

 
34,042

 
56,320

 

Total
$
75,722

 
$
116,838

 
$
970

 
$
102,380

 
$
156,351

 
$


During the second quarter 2017, an allowance for loan losses was recorded on the Commercial and industrial purchased credit-impaired portfolio for $1 million.
 
 
 
 
 
 
NALs and Past Due Loans
Loans are considered past due when the contractual amounts due with respect to principal and interest are not received within 30 days of the contractual due date. See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the accounting policies related to the ACL.
The following table presents NALs by loan class at June 30, 2017 and December 31, 2016:
(dollar amounts in thousands)
June 30,
2017
 
December 31,
2016
Commercial and industrial
$
195,279

 
$
234,184

Commercial real estate
16,763

 
20,508

Automobile
3,825

 
5,766

Home equity
67,940

 
71,798

Residential mortgage
80,306

 
90,502

RV and marine finance
341

 
245

Other consumer
2

 

Total nonaccrual loans
$
364,456

 
$
423,003


The following table presents an aging analysis of loans and leases, including past due loans, by loan class at June 30, 2017 and December 31, 2016: (1)
 
June 30, 2017
 
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
$
44,796

 
$
13,608

 
$
84,609

 
$
143,013

 
$
27,771,196

 
$
54,942

 
$

 
$
27,969,151

 
$
21,501

(2)
Commercial real estate
7,382

 
3,918

 
27,314

 
38,614

 
7,085,757

 
20,780

 

 
7,145,151

 
17,040

 
Automobile
68,600

 
15,241

 
8,716

 
92,557

 
11,461,169

 

 
1,411

 
11,555,137

 
8,594

 
Home equity
44,513

 
16,463

 
61,159

 
122,135

 
9,840,922

 

 
2,477

 
9,965,534

 
18,459

 
Residential mortgage
117,779

 
40,327

 
110,842

 
268,948

 
7,869,927

 

 
98,422

 
8,237,297

 
65,159

(3)
RV and marine finance
8,072

 
2,443

 
2,666

 
13,181

 
2,163,346

 

 
1,205

 
2,177,732

 
2,464

 
Other consumer
9,913

 
4,081

 
3,146

 
17,140

 
991,942

 

 
226

 
1,009,308

 
3,143

 
Total loans and leases
$
301,055

 
$
96,081

 
$
298,452

 
$
695,588

 
$
67,184,259

 
$
75,722

 
$
103,741

 
$
68,059,310

 
$
136,360

 
 
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
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

(3)
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

 
(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.
(3)
Amounts include loans guaranteed by government organizations.
Allowance for Credit Losses
Huntington maintains two reserves, both of which reflect management’s judgment regarding the appropriate level necessary to absorb credit losses inherent in our loan and lease portfolio: the ALLL and the AULC. Combined, these reserves comprise the total ACL. The determination of the ACL requires significant estimates, including the timing and amounts of expected future cash flows on impaired loans and leases, consideration of current economic conditions, and historical loss experience pertaining to pools of homogeneous loans and leases, all of which may be susceptible to change. See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the accounting policies related to the ACL.
The ACL is increased through a provision for credit losses that is charged to earnings, based on Management’s quarterly evaluation and is reduced by charge-offs, net of recoveries, and the ACL associated with loans sold or transferred to held for sale.
The following table presents ALLL and AULC activity by portfolio segment for the three-month and six-month periods ended June 30, 2017 and 2016:
(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
Three-month period ended June 30, 2017:
ALLL balance, beginning of period
 
$
480,308

 
$
192,272

 
$
672,580

Loan charge-offs
 
(15,103
)
 
(41,345
)
 
(56,448
)
Recoveries of loans previously charged-off
 
5,787

 
14,621

 
20,408

Provision for (reduction in allowance) loan and lease losses
 
3,585

 
27,872

 
31,457

Allowance for loans sold or transferred to loans held for sale
 
(1
)
 

 
(1
)
ALLL balance, end of period
 
$
474,576

 
$
193,420

 
$
667,996

AULC balance, beginning of period
 
$
88,899

 
$
2,939

 
$
91,838

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
(6,072
)
 
(407
)
 
(6,479
)
AULC balance, end of period
 
$
82,827

 
$
2,532

 
$
85,359

ACL balance, end of period
 
$
557,403

 
$
195,952

 
$
753,355

Six-month period ended June 30, 2017:
ALLL balance, beginning of period
 
$
451,091

 
$
187,322

 
$
638,413

Loan charge-offs
 
(38,773
)
 
(88,390
)
 
(127,163
)
Recoveries of loans previously charged-off
 
23,604

 
28,081

 
51,685

Provision for (reduction in allowance) loan and lease losses
 
38,729

 
66,407

 
105,136

Allowance for loans sold or transferred to loans held for sale
 
(75
)
 

 
(75
)
ALLL balance, end of period
 
$
474,576

 
$
193,420

 
$
667,996

AULC balance, beginning of period
 
$
86,543

 
$
11,336

 
$
97,879

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
(3,716
)
 
(8,804
)
 
(12,520
)
AULC balance, end of period
 
$
82,827

 
$
2,532

 
$
85,359

ACL balance, end of period
 
$
557,403

 
$
195,952

 
$
753,355

(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
Three-month period ended June 30, 2016:
ALLL balance, beginning of period
 
$
422,441

 
$
191,278

 
$
613,719

Loan charge-offs
 
(16,933
)
 
(26,612
)
 
(43,545
)
Recoveries of loans previously charged-off
 
13,904

 
12,886

 
26,790

Provision for (reduction in allowance) loan and lease losses
 
5,095

 
20,991

 
26,086

Allowance for loans sold or transferred to loans held for sale
 

 
14

 
14

ALLL balance, end of period
 
$
424,507

 
$
198,557

 
$
623,064

AULC balance, beginning of period
 
$
65,872

 
$
9,453

 
$
75,325

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
(2,155
)
 
578

 
(1,577
)
AULC balance, end of period
 
$
63,717

 
$
10,031

 
$
73,748

ACL balance, end of period
 
$
488,224

 
$
208,588

 
$
696,812

Six-month period ended June 30, 2016:
ALLL balance, beginning of period
 
$
398,753

 
$
199,090

 
$
597,843

Loan charge-offs
 
(45,882
)
 
(57,355
)
 
(103,237
)
Recoveries of loans previously charged-off
 
53,815

 
24,115

 
77,930

Provision for (reduction in allowance) loan and lease losses
 
17,821

 
32,603

 
50,424

Allowance for loans sold or transferred to loans held for sale
 

 
104

 
104

ALLL balance, end of period
 
$
424,507

 
$
198,557

 
$
623,064

AULC balance, beginning of period
 
$
63,448

 
$
8,633

 
$
72,081

Provision for (reduction in allowance) unfunded loan commitments and letters of credit
 
269

 
1,398

 
1,667

AULC balance, end of period
 
$
63,717

 
$
10,031

 
$
73,748

ACL balance, end of period
 
$
488,224

 
$
208,588

 
$
696,812


Credit Quality Indicators
See Note 4 “Loans / Leases and Allowance for Credit Losses” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of the credit quality indicators Huntington utilizes for monitoring credit quality and for determining an appropriate ACL level.
The following table presents each loan and lease class by credit quality indicator at June 30, 2017 and December 31, 2016:
 
June 30, 2017
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
26,006,917

 
$
798,643

 
$
1,138,508

 
$
25,083

 
$
27,969,151

Commercial real estate
6,923,159

 
88,932

 
132,017

 
1,043

 
7,145,151

 
 
 
 
 
 
 
 
 
 
 
Credit Risk Profile by FICO Score (1), (2)
 
750+
 
650-749
 
<650
 
Other (3)
 
Total
Consumer
 
 
 
 
 
 
 
 
 
Automobile
$
5,728,416

 
$
4,202,063

 
$
1,350,925

 
$
272,322

 
$
11,553,726

Home equity
6,296,801

 
3,013,152

 
619,661

 
33,443

 
9,963,057

Residential mortgage
4,945,403

 
2,449,297

 
610,720

 
133,455

 
8,138,875

RV and marine finance
1,287,480

 
774,873

 
85,844

 
28,330

 
2,176,527

Other consumer
386,659

 
481,324

 
135,161

 
5,938

 
1,009,082


 
December 31, 2016
 
Credit Risk Profile by UCS Classification
(dollar amounts in thousands)
Pass
 
OLEM
 
Substandard
 
Doubtful
 
Total
Commercial
 
 
 
 
 
 
 
 
 
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
Consumer
 
 
 
 
 
 
 
 
 
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

(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.
Impaired Loans
See Note 1 “Significant Accounting Policies” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for a description of accounting policies related to impaired loans.
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, 2017 and December 31, 2016:
(dollar amounts in thousands)
 
Commercial
 
Consumer
 
Total
ALLL at June 30, 2017:
 
 
 
 
 
 
Portion of ALLL balance:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$
970

 
$

 
$
970

Attributable to loans individually evaluated for impairment
 
14,239

 
9,044

 
23,283

Attributable to loans collectively evaluated for impairment
 
459,367

 
184,376

 
643,743

Total ALLL balance
 
$
474,576

 
$
193,420

 
$
667,996

Loan and Lease Ending Balances at June 30, 2017: (1)
 
 
 
 
 
 
Portion of loan and lease ending balance:
 
 
 
 
 
 
Purchased credit-impaired loans
 
$
75,722

 
$

 
$
75,722

Individually evaluated for impairment
 
441,499

 
451,192

 
892,691

Collectively evaluated for impairment
 
34,597,081

 
32,390,075

 
66,987,156

Total loans and leases evaluated for impairment
 
$
35,114,302

 
$
32,841,267

 
$
67,955,569

(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 balances:
 
 
 
 
 
 
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.
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: (1), (2)
 
June 30, 2017
 
Three Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2017
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (5)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
261,285

 
$
270,571

 
$

 
$
262,631

 
$
4,852

 
$
268,041

 
$
9,352

Commercial real estate
76,463

 
106,248

 

 
82,296

 
1,937

 
84,865

 
3,937

Automobile

 

 

 

 

 

 

Home equity

 

 

 

 

 

 

Residential mortgage

 

 

 

 

 

 

RV and marine finance

 

 

 

 

 

 

Other consumer

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial (3)
283,409

 
342,188

 
24,423

 
258,066

 
2,002

 
310,611

 
3,908

Commercial real estate (4)
34,270

 
41,695

 
2,340

 
38,753

 
453

 
58,563

 
920

Automobile
32,431

 
32,642

 
1,889

 
32,581

 
546

 
32,041

 
1,080

Home equity (6)
325,805

 
357,738

 
17,844

 
326,280

 
3,977

 
323,988

 
7,927

Residential mortgage (6)
329,050

 
363,277

 
11,578

 
339,289

 
2,903

 
335,444

 
6,013

RV and marine finance
1,331

 
1,355

 
134

 
1,009

 
23

 
672

 
34

Other consumer
4,126

 
4,126

 
253

 
4,186

 
55

 
4,090

 
111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
544,694

 
612,759

 
24,423

 
520,697

 
6,854

 
578,652

 
13,260

Commercial real estate
110,733

 
147,943

 
2,340

 
121,049

 
2,390

 
143,428

 
4,857

Automobile
32,431

 
32,642

 
1,889

 
32,581

 
546

 
32,041

 
1,080

Home equity
325,805

 
357,738

 
17,844

 
326,280

 
3,977

 
323,988

 
7,927

Residential mortgage
329,050

 
363,277

 
11,578

 
339,289

 
2,903

 
335,444

 
6,013

RV and marine finance
1,331

 
1,355

 
134

 
1,009

 
23

 
672

 
34

Other consumer
4,126

 
4,126

 
253

 
4,186

 
55

 
4,090

 
111


 
December 31, 2016
 
Three Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2016
(dollar amounts in thousands)
Ending
Balance
 
Unpaid
Principal
Balance (5)
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
 
Average
Balance
 
Interest
Income
Recognized
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
299,606


$
358,712


$


$
289,138


$
2,392


$
284,128


$
4,623

Commercial real estate
88,817


126,152




72,569


1,855


72,640


3,472

Automobile

 

 

 

 

 

 

Home equity













Residential mortgage






1,298


109


1,350


111

RV and marine finance

 

 

 

 

 

 

Other consumer






19


2


30


104

 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial (3)
406,243

 
448,121

 
22,259

 
291,761

 
1,739

 
269,518

 
3,829

Commercial real estate (4)
97,238

 
107,512

 
3,434

 
58,357

 
615

 
69,501

 
1,373

Automobile
30,961

 
31,298

 
1,850

 
32,032

 
524

 
31,789

 
1,102

Home equity (6)
319,404

 
352,722

 
15,032

 
248,056

 
2,962

 
248,317

 
5,930

Residential mortgage (6)
327,753

 
363,099

 
12,849

 
352,489

 
3,027

 
357,324

 
6,064

RV and marine finance

 

 

 

 

 

 

Other consumer
3,897

 
3,897

 
260

 
4,812

 
53

 
4,754

 
120

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
705,849

 
806,833

 
22,259

 
580,899

 
4,131

 
553,646

 
8,452

Commercial real estate
186,055

 
233,664

 
3,434

 
130,926

 
2,470

 
142,141

 
4,845

Automobile
30,961

 
31,298

 
1,850

 
32,032

 
524

 
31,789

 
1,102

Home equity
319,404

 
352,722

 
15,032

 
248,056

 
2,962

 
248,317

 
5,930

Residential mortgage
327,753

 
363,099

 
12,849

 
353,787

 
3,136

 
358,674

 
6,175

RV and marine finance

 

 

 

 

 

 

Other consumer
3,897

 
3,897

 
260

 
4,831

 
55

 
4,784

 
224

(1)
These tables do not include loans fully charged-off.
(2)
All automobile, RV and marine finance and other consumer impaired loans included in these tables are considered impaired due to their status as a TDR.
(3)
At June 30, 2017 and December 31, 2016, commercial and industrial loans of $115 million and $293 million, respectively, were considered impaired due to their status as a TDR.
(4)
At June 30, 2017 and December 31, 2016, commercial real estate loans of $23 million and $81 million, respectively, 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)
Includes home equity and residential mortgages considered to be collateral dependent as well as home equity and mortgage loans considered impaired due to their status as a TDR.
TDR Loans
TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided are not available to the borrower through either normal channels or other sources. However, not all loan modifications are TDRs. Acquired, non-purchased credit impaired loan are only considered for TDR reporting for modifications made subsequent to acquisition. See Note 4 “Loans / Leases and Allowance for Credit Losses” to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016 for an additional discussion of TDRs.
The following table presents by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the three-month and six-month periods ended June 30, 2017 an 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
New Troubled Debt Restructurings During The Three-Month Period Ended (1)
 
June 30, 2017
 
June 30, 2016
(dollar amounts in thousands)
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
 
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
1

 
$
18

 
$

 
1

 
$
22

 
$

Amortization or maturity date change
228

 
168,118

 
(6,856
)
 
199

 
133,933

 
(3,490
)
Other
1

 
220

 

 
2

 
232

 

Total Commercial and industrial
230

 
168,356

 
(6,856
)
 
202

 
134,187

 
(3,490
)
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
1

 
84

 

Amortization or maturity date change
19

 
25,027

 
(427
)
 
36

 
16,017

 
(723
)
Other

 

 

 
2

 
52

 

Total commercial real estate:
19

 
25,027

 
(427
)
 
39

 
16,153

 
(723
)
Automobile:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
5

 
58

 
1

 
3

 
64

 
5

Amortization or maturity date change
334

 
2,853

 
67

 
286

 
2,663

 
202

Chapter 7 bankruptcy
198

 
1,494

 
18

 
244

 
1,982

 
114

Other

 

 

 

 

 

Total Automobile
537

 
4,405

 
86

 
533

 
4,709

 
321

Home equity:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
9

 
506

 
6

 
9

 
627

 
26

Amortization or maturity date change
135

 
8,372

 
(754
)
 
127

 
6,401

 
(736
)
Chapter 7 bankruptcy
77

 
2,417

 
364

 
46

 
2,114

 
267

Other
12

 
512

 

 

 

 

Total Home equity
233

 
11,807

 
(384
)
 
182

 
9,142

 
(443
)
Residential mortgage:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
5

 
404

 
17

Amortization or maturity date change
81

 
8,296

 
(231
)
 
108

 
10,641

 
(420
)
Chapter 7 bankruptcy
25

 
1,981

 
(1
)
 
6

 
1,178

 
(49
)
Other
5

 
464

 
3

 
1

 
164

 

Total Residential mortgage
111

 
10,741

 
(229
)
 
120

 
12,387

 
(452
)
RV and marine finance:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

 

 

Amortization or maturity date change
10

 
150

 
4

 

 

 

Chapter 7 bankruptcy
34

 
544

 
6

 

 

 

Other

 

 

 

 

 

Total RV and marine finance
44

 
694

 
10

 

 

 

Other consumer:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 

 

 

Amortization or maturity date change
2

 
21

 

 
1

 
4

 

Chapter 7 bankruptcy
2

 
8

 

 

 

 

Other

 

 

 

 

 

Total Other consumer
4

 
29

 

 
1

 
4

 

Total new troubled debt restructurings
1,178

 
$
221,059

 
$
(7,800
)
 
1,077

 
$
176,582

 
$
(4,787
)

 
New Troubled Debt Restructurings During The Six-Month Period Ended (1)
 
June 30, 2017
 
June 30, 2016
(dollar amounts in thousands)
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
 
Number of
Contracts
 
Post-modification
Outstanding
Ending Balance
 
Financial effects
of modification (2)
Commercial and industrial:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
2

 
$
37

 
$
6

 
2

 
$
39

 
$
(1
)
Amortization or maturity date change
464

 
280,543

 
(7,858
)
 
383

 
256,591

 
(2,918
)
Other
4

 
380

 
(27
)
 
10

 
1,090

 
(4
)
Total Commercial and industrial
470

 
280,960

 
(7,879
)
 
395

 
257,720

 
(2,923
)
Commercial real estate:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction

 

 

 
1

 
84

 

Amortization or maturity date change
43

 
56,290

 
(815
)
 
60

 
49,812

 
(1,282
)
Other

 

 

 
4

 
315

 
16

Total commercial real estate:
43

 
56,290

 
(815
)
 
65

 
50,211

 
(1,266
)
Automobile:
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
19

 
236

 
6

 
7

 
106