Loans and Leases and Allowance for Credit Losses (Tables)
|
3 Months Ended |
Mar. 31, 2012
|
Loans / Leases and Allowance for Credit Losses [Abstract] |
|
Loan and Lease Portfolio |
The following table provides a detailed listing of Huntington's loan and lease portfolio at March 31, 2012, December 31, 2011, and March 31, 2011:
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
March 31, |
(dollar amounts in thousands) |
|
2012 |
|
|
2011 |
|
|
2011 |
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases: (1) |
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
$ |
15,838,045 |
|
$ |
14,699,371 |
|
$ |
13,298,855 |
|
|
Commercial real estate |
|
6,039,945 |
|
|
5,825,709 |
|
|
6,298,255 |
|
|
Automobile |
|
4,786,842 |
|
|
4,457,446 |
|
|
5,802,597 |
|
|
Home equity |
|
8,261,402 |
|
|
8,215,413 |
|
|
7,783,370 |
|
|
Residential mortgage |
|
5,284,437 |
|
|
5,228,276 |
|
|
4,517,047 |
|
|
Other consumer |
|
467,871 |
|
|
497,568 |
|
|
545,712 |
|
Loans and leases |
|
40,678,542 |
|
|
38,923,783 |
|
|
38,245,836 |
|
Allowance for loan and lease losses |
|
(913,069) |
|
|
(964,828) |
|
|
(1,133,226) |
Net loans and leases |
$ |
39,765,473 |
|
$ |
37,958,955 |
|
$ |
37,112,610 |
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
March 31, 2012, includes $520,564 thousand of loans and leases recorded at fair value acquired in the FDIC-assisted Fidelity Bank acquisition on March 30, 2012. |
|
Loan Purchases and Sales |
The following table summarizes significant portfolio loan and lease purchase and sale activity for the three-month periods ended March 31, 2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile
|
Equity |
Mortgage |
Consumer |
Total |
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans and leases purchased during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2012 |
$ |
477,501 |
$ |
378,122 |
$ |
---
|
$ |
13,025 |
$ |
62,324 |
$ |
85 |
$ |
931,057 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2011 |
$ |
--- |
$ |
--- |
$ |
---
|
$ |
--- |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans and leases sold or transferred to loans held for sale during the: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2012 |
$ |
53,447 |
$ |
21,469 |
$ |
1,300,000
|
$ |
--- |
$ |
--- |
$ |
--- |
$ |
1,374,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2011 |
$ |
85,998 |
$ |
47,794 |
$ |
---
|
$ |
--- |
$ |
83,542 |
$ |
--- |
$ |
217,334 |
|
NALs and Past Due Loans |
The following table presents NALs by loan class at March 31, 2012, December 31, 2011, and March 31, 2011:
|
|
|
2012 |
|
2011 |
(dollar amounts in thousands) |
|
March 31, |
|
|
December 31, |
|
March 31, |
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
Owner occupied |
$ |
71,165 |
|
$ |
88,415 |
$ |
141,042 |
|
Other commercial and industrial |
|
71,327 |
|
|
113,431 |
|
119,355 |
Total commercial and industrial |
|
142,492 |
|
|
201,846 |
|
260,397 |
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
Retail properties |
|
49,631 |
|
|
58,415 |
|
74,775 |
|
Multi family |
|
36,621 |
|
|
39,921 |
|
41,619 |
|
Office |
|
28,809 |
|
|
33,202 |
|
43,203 |
|
Industrial and warehouse |
|
17,862 |
|
|
30,119 |
|
37,188 |
|
Other commercial real estate |
|
72,182 |
|
|
68,232 |
|
109,008 |
Total commercial real estate |
|
205,105 |
|
|
229,889 |
|
305,793 |
|
|
|
|
|
|
|
|
|
Automobile |
|
--- |
|
|
--- |
|
--- |
Home equity: |
|
|
|
|
|
|
|
|
Secured by first-lien |
|
19,074 |
|
|
20,012 |
|
11,345 |
|
Secured by second-lien |
|
26,773 |
|
|
20,675 |
|
13,910 |
Residential mortgage |
|
74,114 |
|
|
68,658 |
|
44,812 |
Other consumer |
|
--- |
|
|
--- |
|
--- |
Total nonaccrual loans (1) |
$ |
467,558 |
|
$ |
541,080 |
$ |
636,257 |
|
|
|
|
|
|
|
|
|
(1) |
All loans acquired as part of the FDIC-assisted Fidelity Bank acquisition accrue interest as performing loans or as purchase impaired loans in accordance with ASC 310-30; therefore, none of the acquired loans were reported as nonaccrual at March 31, 2012. |
|
Aging analysis of loans and leases |
The following table presents an aging analysis of loans and leases, including past due loans, by loan class at March 31, 2012, December 31, 2011, and March 31, 2011: (1), (2)
March 31, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 or more
|
(dollar amounts in thousands) |
Past Due |
|
|
|
Total Loans |
|
days past due
|
|
30-59 Days |
60-89 Days |
90 or more days |
Total |
|
Current |
and Leases |
|
and accruing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
12,820 |
$ |
5,308 |
$ |
50,524 |
$ |
68,652 |
|
$ |
4,052,841 |
$ |
4,121,493 |
|
$ |
---
|
|
Other commercial and industrial |
|
12,855 |
|
6,281 |
|
34,998 |
|
54,134 |
|
|
11,595,410 |
|
11,649,544 |
|
|
---
|
Total commercial and industrial |
$ |
25,675 |
$ |
11,589 |
$ |
85,522 |
$ |
122,786 |
|
$ |
15,648,251 |
$ |
15,771,037 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
35,793 |
$ |
5,418 |
$ |
37,480 |
$ |
78,691 |
|
$ |
1,471,619 |
$ |
1,550,310 |
|
$ |
---
|
|
Multi family |
|
4,609 |
|
2,769 |
|
26,111 |
|
33,489 |
|
|
866,152 |
|
899,641 |
|
|
---
|
|
Office |
|
1,305 |
|
1,237 |
|
26,156 |
|
28,698 |
|
|
1,015,531 |
|
1,044,229 |
|
|
---
|
|
Industrial and warehouse |
|
--- |
|
--- |
|
5,428 |
|
5,428 |
|
|
680,426 |
|
685,854 |
|
|
---
|
|
Other commercial real estate |
|
5,408 |
|
2,926 |
|
35,039 |
|
43,373 |
|
|
1,438,416 |
|
1,481,789 |
|
|
---
|
Total commercial real estate |
$ |
47,115 |
$ |
12,350 |
$ |
130,214 |
$ |
189,679 |
|
$ |
5,472,144 |
$ |
5,661,823 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
25,016 |
|
5,578 |
$ |
3,873 |
$ |
34,467 |
|
$ |
4,752,375 |
$ |
4,786,842 |
|
$ |
3,873
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
16,117 |
|
7,120 |
|
27,856 |
|
51,093 |
|
|
3,915,782 |
|
3,966,875 |
|
|
8,782
|
|
Secured by second-lien |
|
28,384 |
|
13,209 |
|
29,135 |
|
70,728 |
|
|
4,210,774 |
|
4,281,502 |
|
|
11,080
|
Residential mortgage |
|
145,459 |
|
50,463 |
|
198,401 |
|
394,323 |
|
|
4,827,790 |
|
5,222,113 |
|
|
130,164(3)
|
Other consumer |
|
5,403 |
|
1,738 |
|
1,218 |
|
8,359 |
|
|
459,427 |
|
467,786 |
|
|
1,218
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 or more
|
(dollar amounts in thousands) |
Past Due |
|
|
|
Total Loans |
|
days past due
|
|
30-59 Days |
60-89 Days |
90 or more days |
Total |
|
Current |
and Leases |
|
and accruing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
10,607 |
$ |
7,433 |
$ |
58,513 |
$ |
76,553 |
|
$ |
3,936,203 |
$ |
4,012,756 |
|
$ |
---
|
|
Other commercial and industrial |
|
32,962 |
|
7,579 |
|
60,833 |
|
101,374 |
|
|
10,585,241 |
|
10,686,615 |
|
|
---
|
Total commercial and industrial |
$ |
43,569 |
$ |
15,012 |
$ |
119,346 |
$ |
177,927 |
|
$ |
14,521,444 |
$ |
14,699,371 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
3,090 |
$ |
823 |
$ |
33,952 |
$ |
37,865 |
|
$ |
1,547,618 |
$ |
1,585,483 |
|
$ |
---
|
|
Multi family |
|
5,022 |
|
1,768 |
|
28,317 |
|
35,107 |
|
|
908,438 |
|
943,545 |
|
|
---
|
|
Office |
|
3,134 |
|
792 |
|
30,041 |
|
33,967 |
|
|
990,897 |
|
1,024,864 |
|
|
---
|
|
Industrial and warehouse |
|
2,834 |
|
115 |
|
18,203 |
|
21,152 |
|
|
708,390 |
|
729,542 |
|
|
---
|
|
Other commercial real estate |
|
6,894 |
|
3,625 |
|
48,739 |
|
59,258 |
|
|
1,483,017 |
|
1,542,275 |
|
|
---
|
Total commercial real estate |
$ |
20,974 |
$ |
7,123 |
$ |
159,252 |
$ |
187,349 |
|
$ |
5,638,360 |
$ |
5,825,709 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
42,162 |
$ |
9,046 |
$ |
6,265 |
$ |
57,473 |
|
$ |
4,399,973 |
$ |
4,457,446 |
|
$ |
6,265
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
17,260 |
|
8,822 |
|
29,259 |
|
55,341 |
|
|
3,760,238 |
|
3,815,579 |
|
|
9,247
|
|
Secured by second-lien |
|
32,334 |
|
18,357 |
|
31,626 |
|
82,317 |
|
|
4,317,517 |
|
4,399,834 |
|
|
10,951
|
Residential mortgage |
|
134,228 |
|
45,774 |
|
204,648 |
|
384,650 |
|
|
4,843,626 |
|
5,228,276 |
|
|
141,901(4)
|
Other consumer |
|
7,655 |
|
1,502 |
|
1,988 |
|
11,145 |
|
|
486,423 |
|
497,568 |
|
|
1,988
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 or more
|
(dollar amounts in thousands) |
Past Due |
|
|
|
Total Loans |
|
days past due
|
|
30-59 Days |
60-89 Days |
90 or more days |
Total |
|
Current |
and Leases |
|
and accruing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
16,595 |
$ |
14,056 |
$ |
70,871 |
$ |
101,522 |
|
$ |
3,759,155 |
$ |
3,860,677 |
|
$ |
---
|
|
Other commercial and industrial |
|
33,424 |
|
12,161 |
|
86,706 |
|
132,291 |
|
|
9,305,887 |
|
9,438,178 |
|
|
---
|
Total commercial and industrial |
$ |
50,019 |
$ |
26,217 |
$ |
157,577 |
$ |
233,813 |
|
$ |
13,065,042 |
$ |
13,298,855 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
35,644 |
$ |
1,249 |
$ |
48,919 |
$ |
85,812 |
|
$ |
1,608,701 |
$ |
1,694,513 |
|
$ |
---
|
|
Multi family |
|
9,393 |
|
2,804 |
|
30,978 |
|
43,175 |
|
|
1,028,971 |
|
1,072,146 |
|
|
---
|
|
Office |
|
14,155 |
|
1,382 |
|
38,191 |
|
53,728 |
|
|
994,578 |
|
1,048,306 |
|
|
---
|
|
Industrial and warehouse |
|
6,838 |
|
3,062 |
|
15,146 |
|
25,046 |
|
|
765,585 |
|
790,631 |
|
|
---
|
|
Other commercial real estate |
|
26,966 |
|
13,905 |
|
83,356 |
|
124,227 |
|
|
1,568,432 |
|
1,692,659 |
|
|
---
|
Total commercial real estate |
$ |
92,996 |
$ |
22,402 |
$ |
216,590 |
$ |
331,988 |
|
$ |
5,966,267 |
$ |
6,298,255 |
|
$ |
---
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
37,775 |
$ |
8,374 |
$ |
5,440 |
$ |
51,589 |
|
$ |
5,751,008 |
$ |
5,802,597 |
|
$ |
5,440
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
16,323 |
|
8,562 |
|
21,853 |
|
46,738 |
|
|
3,146,963 |
|
3,193,701 |
|
|
10,508
|
|
Secured by second-lien |
|
31,336 |
|
13,560 |
|
27,532 |
|
72,428 |
|
|
4,517,241 |
|
4,589,669 |
|
|
13,622
|
Residential mortgage |
|
121,190 |
|
39,062 |
|
181,010 |
|
341,262 |
|
|
4,175,785 |
|
4,517,047 |
|
|
136,298(5)
|
Other consumer |
|
7,067 |
|
1,985 |
|
2,038 |
|
11,090 |
|
|
534,622 |
|
545,712 |
|
|
2,138
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
NALs are included in this aging analysis based on the loan's past due status.
|
(2) |
March 31, 2012, excludes $520,564 thousand of loans and leases acquired in the FDIC-assisted Fidelity Bank acquisition on March 30, 2012.
|
(3) |
Includes $94,560 thousand guaranteed by the U.S. government.
|
(4) |
Includes $96,703 thousand guaranteed by the U.S. government.
|
(5) |
Includes $94,440 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 three-month periods ended March 31, 2012 and 2011:
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2012: (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
Loan charge-offs |
|
(33,506) |
|
(21,402) |
|
(7,610) |
|
(25,265) |
|
(11,745) |
|
(8,432) |
|
(107,960) |
|
|
Recoveries of loans previously charged-off |
|
5,011 |
|
10,896 |
|
4,532 |
|
1,536 |
|
1,175 |
|
1,818 |
|
24,968 |
|
|
Provision for loan and lease losses |
|
(846) |
|
(38,706) |
|
2,043 |
|
48,754 |
|
12,505 |
|
8,178 |
|
31,928 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
(695) |
|
--- |
|
--- |
|
--- |
|
(695) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, end of period |
$ |
246,026 |
$ |
339,494 |
$ |
36,552 |
$ |
168,898 |
$ |
89,129 |
$ |
32,970 |
$ |
913,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
39,658 |
$ |
5,852 |
$ |
--- |
$ |
2,134 |
$ |
1 |
$ |
811 |
$ |
48,456 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
2,618 |
|
(72) |
|
--- |
|
(26) |
|
--- |
|
(42) |
|
2,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, end of period |
$ |
42,276 |
$ |
5,780 |
$ |
--- |
$ |
2,108 |
$ |
1 |
$ |
769 |
$ |
50,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACL balance, end of period |
$ |
288,302 |
$ |
345,274 |
$ |
36,552 |
$ |
171,006 |
$ |
89,130 |
$ |
33,739 |
$ |
964,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
In accordance with ASC 805, no allowance for credit losses was recorded for the loans acquired in the FDIC-assisted Fidelity Bank acquisition. |
|
|
|
Commercial |
Commercial |
|
Home |
Residential |
Other |
|
|
|
and Industrial |
Real Estate |
Automobile |
Equity |
Mortgage |
Consumer |
Total |
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-month period ended March 31, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, beginning of period |
$ |
340,614 |
$ |
588,251 |
$ |
49,488 |
$ |
150,630 |
$ |
93,289 |
$ |
26,736 |
$ |
1,249,008 |
|
|
Loan charge-offs |
|
(53,736) |
|
(76,648) |
|
(9,975) |
|
(28,322) |
|
(23,021) |
|
(7,305) |
|
(199,007) |
|
|
Recoveries of loans previously charged-off |
|
11,544 |
|
8,965 |
|
5,263 |
|
1,608 |
|
4,089 |
|
2,455 |
|
33,924 |
|
|
Provision for loan and lease losses |
|
1,141 |
|
(9,500) |
|
6,086 |
|
25,455 |
|
22,384 |
|
3,735 |
|
49,301 |
|
|
Allowance for loans sold or transferred to loans held for sale |
|
--- |
|
--- |
|
--- |
|
--- |
|
--- |
|
--- |
|
--- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL balance, end of period |
$ |
299,563 |
$ |
511,068 |
$ |
50,862 |
$ |
149,371 |
$ |
96,741 |
$ |
25,621 |
$ |
1,133,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, beginning of period |
$ |
32,726 |
$ |
6,158 |
$ |
--- |
$ |
2,348 |
$ |
1 |
$ |
894 |
$ |
42,127 |
|
|
Provision for unfunded loan commitments and letters of credit |
|
(2,020) |
|
2,275 |
|
--- |
|
(107) |
|
--- |
|
(64) |
|
84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AULC balance, end of period |
$ |
30,706 |
$ |
8,433 |
$ |
--- |
$ |
2,241 |
$ |
1 |
$ |
830 |
$ |
42,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACL balance, end of period |
$ |
330,269 |
$ |
519,501 |
$ |
50,862 |
$ |
151,612 |
$ |
96,742 |
$ |
26,451 |
$ |
1,175,437 |
|
Loan and lease balances by credit quality indicator |
The following table presents each loan and lease class by credit quality indicator at March 31, 2012, December 31, 2011, and March 31, 2011:
|
|
March 31, 2012 (1) |
|
|
Credit Risk Profile by UCS classification |
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,754,875 |
$ |
107,607 |
$ |
257,853 |
$ |
1,158 |
$ |
4,121,493 |
|
|
Other commercial and industrial |
|
11,077,669 |
|
144,019 |
|
424,117 |
|
3,739 |
|
11,649,544 |
|
Total commercial and industrial |
$ |
14,832,544 |
$ |
251,626 |
$ |
681,970 |
$ |
4,897 |
$ |
15,771,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,192,989 |
$ |
82,923 |
$ |
274,398 |
$ |
--- |
$ |
1,550,310 |
|
|
Multi family |
|
771,062 |
|
39,305 |
|
89,114 |
|
160 |
|
899,641 |
|
|
Office |
|
945,555 |
|
32,253 |
|
66,418 |
|
3 |
|
1,044,229 |
|
|
Industrial and warehouse |
|
614,394 |
|
8,611 |
|
62,758 |
|
91 |
|
685,854 |
|
|
Other commercial real estate |
|
1,103,994 |
|
106,089 |
|
271,156 |
|
550 |
|
1,481,789 |
|
Total commercial real estate |
$ |
4,627,994 |
$ |
269,181 |
$ |
763,844 |
$ |
804 |
$ |
5,661,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (2) |
|
|
|
750+ |
650-749 |
<650 |
Other (3) |
Total |
|
Automobile |
$ |
2,184,671 |
$ |
1,865,203 |
$ |
635,653 |
$ |
101,315 |
$ |
4,786,842 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
2,268,832 |
|
1,352,583 |
|
338,310 |
|
7,150 |
|
3,966,875 |
|
|
Secured by second-lien |
|
2,025,956 |
|
1,628,397 |
|
625,303 |
|
1,846 |
|
4,281,502 |
|
Residential mortgage |
|
2,505,638 |
|
1,835,951 |
|
741,243 |
|
139,281 |
|
5,222,113 |
|
Other consumer |
|
171,990 |
|
198,684 |
|
78,489 |
|
18,623 |
|
467,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
Credit Risk Profile by UCS classification |
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,624,103 |
$ |
101,897 |
$ |
285,561 |
$ |
1,195 |
$ |
4,012,756 |
|
|
Other commercial and industrial |
|
10,108,946 |
|
145,963 |
|
425,882 |
|
5,824 |
|
10,686,615 |
|
Total commercial and industrial |
$ |
13,733,049 |
$ |
247,860 |
$ |
711,443 |
$ |
7,019 |
$ |
14,699,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,191,471 |
$ |
122,337 |
$ |
271,675 |
$ |
--- |
$ |
1,585,483 |
|
|
Multi family |
|
801,717 |
|
48,094 |
|
93,449 |
|
285 |
|
943,545 |
|
|
Office |
|
896,230 |
|
67,050 |
|
61,476 |
|
108 |
|
1,024,864 |
|
|
Industrial and warehouse |
|
649,165 |
|
9,688 |
|
70,621 |
|
68 |
|
729,542 |
|
|
Other commercial real estate |
|
1,112,751 |
|
110,276 |
|
318,479 |
|
769 |
|
1,542,275 |
|
Total commercial real estate |
$ |
4,651,334 |
$ |
357,445 |
$ |
815,700 |
$ |
1,230 |
$ |
5,825,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (2) |
|
|
|
750+ |
650-749 |
<650 |
Other (3) |
Total |
|
Automobile |
$ |
2,635,082 |
$ |
2,276,990 |
$ |
707,141 |
$ |
88,233 |
$ |
5,707,446 |
(4) |
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
2,196,566 |
|
1,287,444 |
|
329,670 |
|
1,899 |
|
3,815,579 |
|
|
Secured by second-lien |
|
2,119,292 |
|
1,646,117 |
|
625,298 |
|
9,127 |
|
4,399,834 |
|
Residential mortgage |
|
2,454,401 |
|
1,752,409 |
|
723,377 |
|
298,089 |
|
5,228,276 |
|
Other consumer |
|
185,333 |
|
206,749 |
|
83,431 |
|
22,055 |
|
497,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2011 |
|
|
Credit Risk Profile by UCS classification |
|
(dollar amounts in thousands) |
Pass |
OLEM |
Substandard |
Doubtful |
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
3,358,895 |
$ |
143,534 |
$ |
356,909 |
$ |
1,340 |
$ |
3,860,677 |
|
|
Other commercial and industrial |
|
8,756,730 |
|
239,175 |
|
430,238 |
|
12,035 |
|
9,438,178 |
|
Total commercial and industrial |
$ |
12,115,625 |
$ |
382,709 |
$ |
787,147 |
$ |
13,375 |
$ |
13,298,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
1,292,614 |
$ |
88,004 |
$ |
313,895 |
$ |
--- |
$ |
1,694,513 |
|
|
Multi family |
|
865,378 |
|
71,898 |
|
134,486 |
|
384 |
|
1,072,146 |
|
|
Office |
|
826,034 |
|
119,023 |
|
103,080 |
|
169 |
|
1,048,306 |
|
|
Industrial and warehouse |
|
622,456 |
|
70,857 |
|
97,481 |
|
(163) |
|
790,631 |
|
|
Other commercial real estate |
|
1,214,139 |
|
81,255 |
|
395,895 |
|
1,370 |
|
1,692,659 |
|
Total commercial real estate |
$ |
4,820,621 |
$ |
431,037 |
$ |
1,044,837 |
$ |
1,760 |
$ |
6,298,255 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Risk Profile by FICO score (2) |
|
|
|
750+ |
650-749 |
<650 |
Other (3) |
Total |
|
Automobile |
$ |
2,605,609 |
$ |
2,370,657 |
$ |
717,090 |
$ |
109,241 |
$ |
5,802,597 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
1,744,699 |
|
1,127,451 |
|
316,174 |
|
5,377 |
|
3,193,701 |
|
|
Secured by second-lien |
|
2,159,005 |
|
1,751,943 |
|
678,202 |
|
519 |
|
4,589,669 |
|
Residential mortgage |
|
1,976,016 |
|
1,620,060 |
|
775,089 |
|
145,882 |
|
4,517,047 |
|
Other consumer |
|
199,614 |
|
226,940 |
|
99,608 |
|
19,550 |
|
545,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Excludes $520,564 thousand of loans and leases acquired in the FDIC-assisted Fidelity Bank acquisition on March 30, 2012. |
|
(2) |
Reflects currently updated customer credit scores. |
|
(3) |
Reflects deferred fees and costs, loans in process, loans to legal entities, etc. |
|
(4) |
Includes $1,250,000 thousand of loans reflected as loans held for sale related to the 2012 first quarter automobile securitization. |
|
|
Summarized data for impaired loans and the related ALLL by portfolio segment |
The following tables present the balance of the ALLL attributable to loans by portfolio segment individually and collectively evaluated for impairment and the related loan and lease balance at March 31, 2012, December 31, 2011, and March 31, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
Commercial |
|
|
Residential |
Other |
|
|
and Industrial |
Real Estate |
Automobile |
Home Equity |
Mortgage |
Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at March 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
$ |
21,205 |
$ |
48,485 |
$ |
943 |
$ |
1,302 |
$ |
12,660 |
$ |
418 |
$ |
85,013 |
|
|
Attributable to loans collectively evaluated for impairment |
|
224,821 |
|
291,009 |
|
35,609 |
|
167,596 |
|
76,469 |
|
32,552 |
|
828,056 |
|
Total ALLL balance |
$ |
246,026 |
$ |
339,494 |
$ |
36,552 |
$ |
168,898 |
$ |
89,129 |
$ |
32,970 |
$ |
913,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at March 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
151,463 |
$ |
360,067 |
$ |
35,521 |
$ |
59,604 |
$ |
324,385 |
$ |
4,346 |
$ |
935,386 |
|
|
Collectively evaluated for impairment |
|
15,619,574 |
|
5,301,756 |
|
4,751,321 |
|
8,188,773 |
|
4,897,728 |
|
463,440 |
|
39,222,592 |
|
Total loans evaluated for impairment (1) |
$ |
15,771,037 |
$ |
5,661,823 |
$ |
4,786,842 |
$ |
8,248,377 |
$ |
5,222,113 |
$ |
467,786 |
$ |
40,157,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Excludes $520,564 thousand of loans and leases acquired in the FDIC-assisted Fidelity Bank acquisition on March 30, 2012. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
Commercial Real Estate |
Automobile |
Home Equity |
Residential Mortgage |
Other Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at December 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
$ |
30,613 |
$ |
55,306 |
$ |
1,393 |
$ |
1,619 |
$ |
16,091 |
$ |
530 |
$ |
105,552 |
|
|
Attributable to loans collectively evaluated for impairment |
|
244,754 |
|
333,400 |
|
36,889 |
|
142,254 |
|
71,103 |
|
30,876 |
|
859,276 |
|
Total ALLL balance: |
$ |
275,367 |
$ |
388,706 |
$ |
38,282 |
$ |
143,873 |
$ |
87,194 |
$ |
31,406 |
$ |
964,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at December 31, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
153,724 |
$ |
387,402 |
$ |
36,574 |
$ |
52,593 |
$ |
335,768 |
$ |
6,220 |
$ |
972,281 |
|
|
Collectively evaluated for impairment |
|
14,545,647 |
|
5,438,307 |
|
4,420,872 |
|
8,162,820 |
|
4,892,508 |
|
491,348 |
|
37,951,502 |
|
Total loans evaluated for impairment |
$ |
14,699,371 |
$ |
5,825,709 |
$ |
4,457,446 |
$ |
8,215,413 |
$ |
5,228,276 |
$ |
497,568 |
$ |
38,923,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
Commercial Real Estate |
Automobile |
Home Equity |
Residential Mortgage |
Other Consumer |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLL at March 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to loans individually evaluated for impairment |
$ |
43,824 |
$ |
62,161 |
$ |
945 |
$ |
1,780 |
$ |
12,103 |
$ |
483 |
$ |
121,296 |
|
|
Attributable to loans collectively evaluated for impairment |
|
255,739 |
|
448,907 |
|
49,917 |
|
147,591 |
|
84,638 |
|
25,138 |
|
1,011,930 |
|
Total ALLL balance: |
$ |
299,563 |
$ |
511,068 |
$ |
50,862 |
$ |
149,371 |
$ |
96,741 |
$ |
25,621 |
$ |
1,133,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Leases at March 31, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portion of ending balance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
187,339 |
$ |
338,239 |
$ |
29,611 |
$ |
39,719 |
$ |
342,015 |
$ |
9,173 |
$ |
946,096 |
|
|
Collectively evaluated for impairment |
|
13,111,516 |
|
5,960,016 |
|
5,772,986 |
|
7,743,651 |
|
4,175,032 |
|
536,539 |
|
37,299,740 |
|
Total loans evaluated for impairment |
$ |
13,298,855 |
$ |
6,298,255 |
$ |
5,802,597 |
$ |
7,783,370 |
$ |
4,517,047 |
$ |
545,712 |
$ |
38,245,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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: (1), (2), (3)
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
March 31, 2012 |
|
March 31, 2012 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Interest |
|
|
|
Ending |
Principal |
Related |
|
Average |
Income |
(dollar amounts in thousands) |
Balance |
Balance (6) |
Allowance |
|
Balance |
Recognized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
9,567 |
$ |
17,172 |
$ |
--- |
|
$ |
3,189 |
$ |
24 |
|
|
Other commercial and industrial |
|
15,837 |
|
16,729 |
|
--- |
|
|
5,279 |
|
93 |
|
Total commercial and industrial |
$ |
25,404 |
$ |
33,901 |
$ |
--- |
|
$ |
8,468 |
$ |
117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
56,928 |
$ |
58,237 |
$ |
--- |
|
$ |
48,202 |
$ |
753 |
|
|
Multi family |
|
6,139 |
|
6,283 |
|
--- |
|
|
6,191 |
|
97 |
|
|
Office |
|
1,185 |
|
1,254 |
|
--- |
|
|
1,186 |
|
25 |
|
|
Industrial and warehouse |
|
6,473 |
|
7,574 |
|
--- |
|
|
7,558 |
|
105 |
|
|
Other commercial real estate |
|
15,681 |
|
30,459 |
|
--- |
|
|
20,022 |
|
148 |
|
Total commercial real estate |
$ |
86,406 |
$ |
103,807 |
$ |
--- |
|
$ |
83,159 |
$ |
1,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
31,947 |
$ |
40,932 |
$ |
4,835 |
|
$ |
43,322 |
$ |
402 |
|
|
Other commercial and industrial |
|
94,112 |
|
109,779 |
|
16,370 |
|
|
89,095 |
|
856 |
|
Total commercial and industrial |
$ |
126,059 |
$ |
150,711 |
$ |
21,205 |
|
$ |
132,417 |
$ |
1,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: (5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
114,960 |
$ |
139,041 |
$ |
27,583 |
|
$ |
123,791 |
$ |
2,276 |
|
|
Multi family |
|
36,687 |
|
44,501 |
|
4,423 |
|
|
37,566 |
|
622 |
|
|
Office |
|
22,294 |
|
37,146 |
|
2,905 |
|
|
23,077 |
|
107 |
|
|
Industrial and warehouse |
|
22,368 |
|
29,228 |
|
2,621 |
|
|
26,319 |
|
279 |
|
|
Other commercial real estate |
|
77,352 |
|
98,747 |
|
10,953 |
|
|
78,888 |
|
1,162 |
|
Total commercial real estate |
$ |
273,661 |
$ |
348,663 |
$ |
48,485 |
|
$ |
289,641 |
$ |
4,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
35,521 |
$ |
35,521 |
$ |
943 |
|
$ |
36,047 |
$ |
822 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
43,898 |
|
43,898 |
|
480 |
|
|
39,870 |
|
479 |
|
|
Secured by second-lien |
|
15,706 |
|
15,705 |
|
822 |
|
|
16,228 |
|
215 |
|
Residential mortgage (7) |
|
324,385 |
|
350,714 |
|
12,660 |
|
|
330,076 |
|
2,937 |
|
Other consumer |
|
4,346 |
|
4,346 |
|
418 |
|
|
5,283 |
|
33 |
|
|
|
|
|
|
|
|
|
|
December 31, 2011 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Ending |
Principal |
Related |
(dollar amounts in thousands) |
Balance |
Balance (6) |
Allowance |
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
Owner occupied |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
Other commercial and industrial |
|
--- |
|
--- |
|
--- |
|
Total commercial and industrial |
$ |
--- |
$ |
--- |
$ |
--- |
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
Retail properties |
$ |
43,970 |
$ |
45,192 |
$ |
--- |
|
|
Multi family |
|
6,292 |
|
6,435 |
|
--- |
|
|
Office |
|
1,191 |
|
1,261 |
|
--- |
|
|
Industrial and warehouse |
|
8,163 |
|
9,945 |
|
--- |
|
|
Other commercial real estate |
|
22,396 |
|
38,401 |
|
--- |
|
Total commercial real estate |
$ |
82,012 |
$ |
101,234 |
$ |
--- |
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
Owner occupied |
$ |
53,613 |
$ |
77,205 |
$ |
7,377 |
|
|
Other commercial and industrial |
|
100,111 |
|
117,469 |
|
23,236 |
|
Total commercial and industrial |
$ |
153,724 |
$ |
194,674 |
$ |
30,613 |
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
Retail properties |
$ |
129,396 |
$ |
161,596 |
$ |
30,363 |
|
|
Multi family |
|
38,154 |
|
45,138 |
|
4,753 |
|
|
Office |
|
23,568 |
|
42,287 |
|
2,832 |
|
|
Industrial and warehouse |
|
29,435 |
|
47,373 |
|
3,136 |
|
|
Other commercial real estate |
|
84,837 |
|
119,212 |
|
14,222 |
|
Total commercial real estate |
$ |
305,390 |
$ |
415,606 |
$ |
55,306 |
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
36,574 |
$ |
36,574 |
$ |
1,393 |
|
Home equity: |
|
|
|
|
|
|
|
|
Secured by first-lien |
|
35,842 |
|
35,842 |
|
626 |
|
|
Secured by second-lien |
|
16,751 |
|
16,751 |
|
993 |
|
Residential mortgage |
|
335,768 |
|
361,161 |
|
16,091 |
|
Other consumer |
|
6,220 |
|
6,220 |
|
530 |
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
March 31, 2011 |
|
March 31, 2011 |
|
|
|
|
|
Unpaid |
|
|
|
|
|
Interest |
|
|
|
Ending |
Principal |
Related |
|
Average |
Income |
(dollar amounts in thousands) |
Balance |
Balance (6) |
Allowance |
|
Balance |
Recognized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
10,854 |
$ |
23,302 |
$ |
--- |
|
$ |
12,216 |
$ |
5 |
|
|
Other commercial and industrial |
|
8,968 |
|
19,266 |
|
--- |
|
|
8,678 |
|
39 |
|
Total commercial and industrial |
$ |
19,822 |
$ |
42,568 |
$ |
--- |
|
$ |
20,894 |
$ |
44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
8,637 |
$ |
25,033 |
$ |
--- |
|
$ |
20,115 |
$ |
--- |
|
|
Multi family |
|
14,808 |
|
15,461 |
|
--- |
|
|
8,264 |
|
156 |
|
|
Office |
|
1,278 |
|
2,697 |
|
--- |
|
|
1,934 |
|
--- |
|
|
Industrial and warehouse |
|
2,192 |
|
6,296 |
|
--- |
|
|
2,785 |
|
--- |
|
|
Other commercial real estate |
|
23,384 |
|
46,928 |
|
--- |
|
|
24,766 |
|
197 |
|
Total commercial real estate |
$ |
50,299 |
$ |
96,415 |
$ |
--- |
|
$ |
57,864 |
$ |
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner occupied |
$ |
65,235 |
$ |
82,045 |
$ |
14,464 |
|
$ |
72,106 |
$ |
215 |
|
|
Other commercial and industrial |
|
102,282 |
|
141,460 |
|
29,360 |
|
|
115,969 |
|
476 |
|
Total commercial and industrial |
$ |
167,517 |
$ |
223,505 |
$ |
43,824 |
|
$ |
188,075 |
$ |
691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail properties |
$ |
115,996 |
$ |
178,765 |
$ |
22,486 |
|
$ |
87,596 |
$ |
381 |
|
|
Multi family |
|
29,788 |
|
33,682 |
|
7,058 |
|
|
37,268 |
|
231 |
|
|
Office |
|
32,530 |
|
45,865 |
|
5,270 |
|
|
28,668 |
|
107 |
|
|
Industrial and warehouse |
|
36,927 |
|
48,015 |
|
12,677 |
|
|
36,138 |
|
171 |
|
|
Other commercial real estate |
|
72,699 |
|
94,021 |
|
14,671 |
|
|
69,778 |
|
95 |
|
Total commercial real estate |
$ |
287,940 |
$ |
400,348 |
$ |
62,162 |
|
$ |
259,448 |
$ |
985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automobile |
$ |
29,611 |
$ |
29,611 |
$ |
945 |
|
$ |
29,687 |
$ |
660 |
|
Home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured by first-lien |
|
22,867 |
|
22,867 |
|
657 |
|
|
21,710 |
|
226 |
|
|
Secured by second-lien |
|
16,852 |
|
16,852 |
|
1,122 |
|
|
16,778 |
|
186 |
|
Residential mortgage |
|
342,015 |
|
360,554 |
|
12,103 |
|
|
338,107 |
|
3,457 |
|
Other consumer |
|
9,173 |
|
9,173 |
|
483 |
|
|
9,369 |
|
172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 March 31, 2012, the loans acquired in the FDIC-assisted Fidelity Bank acquisition were in process of assessment to determine if any of the loans are considered to be purchased impaired in accordance with ASC 310-30. As such, no loans related to this acquisition are included in this table. |
(4) |
At March 31, 2012, $37,663 thousand of the $126,059 thousand commercial and industrial loans with an allowance recorded were considered impaired due to their status as a TDR. |
(5) |
At March 31, 2012, $28,220 thousand of the $273,661 thousand commercial real estate loans with an allowance recorded were considered impaired due to their status as a TDR. |
(6) |
The differences between the ending balance and unpaid principal balance amounts represent partial charge-offs. |
(7) |
At March 31, 2012, $15,874 thousand of the $324,385 thousand residential mortgages 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 net change in ALLL resulting from the modification for the three-month period ending March 31, 2012:
|
|
|
New Troubled Debt Restructurings During The |
|
|
|
Three-Month Period Ended March 31, 2012 (1) |
|
|
|
|
|
|
|
|
|
|
|
|
Post-modification |
Net change in |
|
(dollar amounts in thousands) |
|
Number of |
Outstanding |
ALLL resulting |
|
|
|
Contracts |
Balance (2) |
from modification |
|
|
|
|
|
|
|
|
|
|
C&I - Owner occupied: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
10 |
$ |
3,781 |
$ |
(961) |
|
|
Amortization or maturity date change |
|
17 |
|
2,722 |
|
(92) |
|
|
Other |
|
4 |
|
1,511 |
|
230 |
|
Total C&I - Owner occupied |
|
31 |
$ |
8,014 |
$ |
(823) |
|
|
|
|
|
|
|
|
|
|
C&I - Other commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
6 |
$ |
1,316 |
$ |
45 |
|
|
Amortization or maturity date change |
|
28 |
|
4,456 |
|
(8) |
|
|
Other |
|
15 |
|
29,502 |
|
(2,866) |
|
Total C&I - Other commercial and industrial |
|
49 |
$ |
35,274 |
$ |
(2,829) |
|
|
|
|
|
|
|
|
|
|
CRE - Retail properties: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
4 |
$ |
2,795 |
$ |
(2) |
|
|
Amortization or maturity date change |
|
5 |
|
1,758 |
|
(18) |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total CRE - Retail properties |
|
9 |
$ |
4,553 |
$ |
(20) |
|
|
|
|
|
|
|
|
|
|
CRE - Multi family: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
2 |
$ |
334 |
$ |
(5) |
|
|
Amortization or maturity date change |
|
10 |
|
1,501 |
|
(73) |
|
|
Other |
|
4 |
|
2,032 |
|
(125) |
|
Total CRE - Multi family |
|
16 |
$ |
3,867 |
$ |
(203) |
|
|
|
|
|
|
|
|
|
|
CRE - Office: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
3 |
$ |
2,116 |
$ |
363 |
|
|
Amortization or maturity date change |
|
--- |
|
--- |
|
--- |
|
|
Other |
|
3 |
|
306 |
|
--- |
|
Total CRE - Office |
|
6 |
$ |
2,422 |
$ |
363 |
|
|
|
|
|
|
|
|
|
|
CRE - Industrial and warehouse: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
3,000 |
$ |
4 |
|
|
Amortization or maturity date change |
|
3 |
|
1,438 |
|
64 |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total CRE - Industrial and Warehouse |
|
4 |
$ |
4,438 |
$ |
68 |
|
|
|
|
|
|
|
|
|
|
CRE - Other commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
--- |
$ |
--- |
|
|
Amortization or maturity date change |
|
14 |
|
46,676 |
|
1,400 |
|
|
Other |
|
2 |
|
9,435 |
|
(1,601) |
|
Total CRE - Other commercial real estate |
|
16 |
$ |
56,111 |
$ |
(201) |
|
|
|
|
|
|
|
|
|
|
Automobile: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
13 |
$ |
129 |
$ |
2 |
|
|
Amortization or maturity date change |
|
472 |
|
3,376 |
|
(25) |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total Automobile |
|
485 |
$ |
3,505 |
$ |
(23) |
|
|
|
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
33 |
$ |
--- |
|
|
Amortization or maturity date change |
|
62 |
|
7,053 |
|
246 |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total Residential mortgage |
|
63 |
$ |
7,086 |
$ |
246 |
|
|
|
|
|
|
|
|
|
|
First-lien home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
67 |
$ |
7,614 |
$ |
1,299 |
|
|
Amortization or maturity date change |
|
15 |
|
1,635 |
|
(5) |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total First-lien home equity |
|
82 |
$ |
9,249 |
$ |
1,294 |
|
|
|
|
|
|
|
|
|
|
Second-lien home equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
22 |
$ |
932 |
$ |
131 |
|
|
Amortization or maturity date change |
|
14 |
|
608 |
|
(16) |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total Second-lien home equity |
|
36 |
$ |
1,540 |
$ |
115 |
|
|
|
|
|
|
|
|
|
|
Other consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
4 |
$ |
119 |
$ |
9 |
|
|
Amortization or maturity date change |
|
5 |
|
60 |
|
4 |
|
|
Other |
|
--- |
|
--- |
|
--- |
|
Total Other consumer |
|
9 |
$ |
179 |
$ |
13 |
|
|
|
|
|
|
|
|
|
|
(1) |
No loans acquired in the FDIC-assisted Fidelity Bank acquisition are considered troubled debt restructured loans. |
|
(2) |
Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as a result of a restructuring are not significant. |
|
The following table presents TDRs modified within the previous twelve months that have subsequently redefaulted during the three-month period ended March 31, 2012:
|
|
|
Troubled Debt Restructurings Within
|
|
|
|
The Previous Twelve Months That
|
|
|
|
Have Subsequently Defaulted During
|
|
|
|
The Three-Month Period Ended
|
|
|
|
March 31, 2012 (1), (2)
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
Number of |
Ending
|
|
|
Contracts |
Balance
|
|
|
|
|
|
|
|
|
|
|
|
C&I - Owner occupied: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
1,011
|
|
Amortization or maturity date change |
|
1 |
|
199
|
|
Other |
|
--- |
|
---
|
Total C&I - Owner occupied |
|
2 |
$ |
1,210
|
|
|
|
|
|
|
C&I - Other commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
2 |
|
144
|
|
Other |
|
2 |
|
770
|
Total C&I - Other commercial and industrial |
|
4 |
$ |
914
|
|
|
|
|
|
|
CRE - Retail Properties: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
1 |
|
224
|
|
Other |
|
--- |
|
---
|
Total CRE - Retail properties |
|
1 |
$ |
224
|
|
|
|
|
|
|
CRE - Multi family: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
2 |
$ |
1,998
|
|
Amortization or maturity date change |
|
--- |
|
---
|
|
Other |
|
--- |
|
---
|
Total CRE - Multi family |
|
2 |
$ |
1,998
|
|
|
|
|
|
|
CRE - Office: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
--- |
|
---
|
|
Other |
|
--- |
|
---
|
Total CRE - Office |
|
--- |
$ |
---
|
|
|
|
|
|
|
CRE - Industrial and Warehouse: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
--- |
|
---
|
|
Other |
|
--- |
|
---
|
Total CRE - Industrial and Warehouse |
|
--- |
$ |
---
|
|
|
|
|
|
|
CRE - Other commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
3 |
|
572
|
|
Other |
|
--- |
|
---
|
Total CRE - Other commercial real estate |
|
3 |
$ |
572
|
|
|
|
|
|
|
Automobile: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
2 |
$ |
---
|
|
Amortization or maturity date change |
|
60 |
|
---
|
|
Other |
|
--- |
|
---
|
Total Automobile |
|
62 |
$ |
---(3)
|
|
|
|
|
|
|
Residential mortgage: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
--- |
$ |
---
|
|
Amortization or maturity date change |
|
20 |
|
2,703
|
|
Other |
|
--- |
|
---
|
Total Residential mortgage |
|
20 |
$ |
2,703
|
|
|
|
|
|
|
First-lien home equity: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
8 |
$ |
767
|
|
Amortization or maturity date change |
|
1 |
|
14
|
|
Other |
|
--- |
|
---
|
Total First-lien home equity |
|
9 |
$ |
781
|
|
|
|
|
|
|
Second-lien home equity: |
|
|
|
|
|
|
|
|
|
|
|
Interest rate reduction |
|
1 |
$ |
14
|
|
Amortization or maturity date change |
|
1 |
|
15
|
|
Other |
|
--- |
|
| |