XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.22.4

Allowance for Credit Losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Credit Loss [Abstract] |
Schedule of Aging of the Company's Loan Portfolio | The tables below show the aging of the Company’s loan portfolio by the segmentation noted above at December 31, 2022 and 2021.
As of December 31, 2022 (In thousands) |  | Nonaccrual |  | 90+ days and still accruing |  | 60-89 days past due |  | 30-59 days past due |  | Current |  | Total Loans
Loan Balances (includes PCD): |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 35,579 |  |  | $ | 462 |  |  | $ | 21,128 |  |  | $ | 56,696 |  |  | $ | 12,435,299 |  |  | $ | 12,549,164 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  | 416 |  |  | — |  |  | 361 |  |  | 14,390 |  |  | 1,471,763 |  |  | 1,486,930 |
Non-construction |  | 5,971 |  |  | — |  |  | 1,883 |  |  | 16,285 |  |  | 8,439,878 |  |  | 8,464,017 |
Home equity |  | 1,487 |  |  | — |  |  | — |  |  | 2,152 |  |  | 329,059 |  |  | 332,698 |
Residential real estate loans, excluding early buy-out loans |  | 10,171 |  |  | — |  |  | 4,364 |  |  | 9,982 |  |  | 2,183,078 |  |  | 2,207,595 |
Premium finance receivables |  |  |  |  |  |  |  |  |  |  |  |
Property & casualty insurance loans |  | 13,470 |  |  | 15,841 |  |  | 14,926 |  |  | 40,557 |  |  | 5,764,665 |  |  | 5,849,459 |
Life insurance loans |  | — |  |  | 17,245 |  |  | 5,260 |  |  | 68,725 |  |  | 7,999,768 |  |  | 8,090,998 |
Consumer and other |  | 6 |  |  | 49 |  |  | 18 |  |  | 224 |  |  | 50,539 |  |  | 50,836 |
Total loans, net of unearned income, excluding early buy-out loans |  | $ | 67,100 |  |  | $ | 33,597 |  |  | $ | 47,940 |  |  | $ | 209,011 |  |  | $ | 38,674,049 |  |  | $ | 39,031,697 |
Early buy-out loans guaranteed by U.S. government agencies (1) |  | 31,279 |  |  | 47,450 |  |  | 984 |  |  | 1,584 |  |  | 83,491 |  |  | 164,788 |
Total loans, net of unearned income |  | $ | 98,379 |  |  | $ | 81,047 |  |  | $ | 48,924 |  |  | $ | 210,595 |  |  | $ | 38,757,540 |  |  | $ | 39,196,485 |
As of December 31, 2021 (In thousands) |  | Nonaccrual |  | 90+ days and still accruing |  | 60-89 days past due |  | 30-59 days past due |  | Current |  | Total Loans
Loan Balances (includes PCD): |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 20,399 |  |  | $ | 15 |  |  | $ | 24,262 |  |  | $ | 43,861 |  |  | $ | 11,815,531 |  |  | $ | 11,904,068 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  | 1,377 |  |  | — |  |  | — |  |  | 2,809 |  |  | 1,352,018 |  |  | 1,356,204 |
Non-construction |  | 20,369 |  |  | — |  |  | 284 |  |  | 37,634 |  |  | 7,575,795 |  |  | 7,634,082 |
Home equity |  | 2,574 |  |  | — |  |  | — |  |  | 1,120 |  |  | 331,461 |  |  | 335,155 |
Residential real estate loans, excluding early buy-out loans |  | 16,440 |  |  | — |  |  | 982 |  |  | 12,145 |  |  | 1,576,704 |  |  | 1,606,271 |
Premium finance receivables |  |  |  |  |  |  |  |  |  |  |  |
Property & casualty insurance loans |  | 5,433 |  |  | 7,210 |  |  | 15,490 |  |  | 22,419 |  |  | 4,804,935 |  |  | 4,855,487 |
Life insurance loans |  | — |  |  | 7 |  |  | 12,614 |  |  | 66,651 |  |  | 6,963,538 |  |  | 7,042,810 |
Consumer and other |  | 477 |  |  | 137 |  |  | 34 |  |  | 509 |  |  | 23,042 |  |  | 24,199 |
Total loans, net of unearned income, excluding early buy-out loans |  | $ | 67,069 |  |  | $ | 7,369 |  |  | $ | 53,666 |  |  | $ | 187,148 |  |  | $ | 34,443,024 |  |  | $ | 34,758,276 |
Early buy-out loans guaranteed by U.S. government agencies (1) |  | — |  |  | — |  |  | — |  |  | 275 |  |  | 30,553 |  |  | 30,828 |
Total loans, net of unearned income |  | $ | 67,069 |  |  | $ | 7,369 |  |  | $ | 53,666 |  |  | $ | 187,423 |  |  | $ | 34,473,577 |  |  | $ | 34,789,104 |
(1)Early buy-out loans are insured or guaranteed by the FHA or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.
Summary of Loan Portfolio by Credit Quality Indicator | The table below shows the Company’s loan portfolio by credit quality indicator and year of origination at December 31, 2022:
As of December 31, 2022 | Year of Origination |  |  | Revolving |  | Total
(In thousands) | 2022 | 2021 | 2020 | 2019 | 2018 | Prior |  | Revolving | to Term |  | Loans
Loan Balances: |  |  |  |  |  |  |  |  |  |  |
Commercial, industrial and other |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 2,740,821 |  | $ | 2,314,421 |  | $ | 1,064,680 |  | $ | 631,670 |  | $ | 460,898 |  | $ | 847,955 |  |  | $ | 3,999,401 |  | $ | 42,699 |  |  | $ | 12,102,545 |
Special mention | 6,780 |  | 71,263 |  | 10,279 |  | 27,533 |  | 36,874 |  | 17,972 |  |  | 85,813 |  | 1,232 |  |  | 257,746 |
Substandard accrual | 13,560 |  | 42,091 |  | 26,252 |  | 17,104 |  | 5,078 |  | 2,902 |  |  | 46,297 |  | 10 |  |  | 153,294 |
Substandard nonaccrual/doubtful | 574 |  | 5,958 |  | 2,278 |  | 25,481 |  | 197 |  | 1,091 |  |  | — |  | — |  |  | 35,579 |
Total commercial, industrial and other | $ | 2,761,735 |  | $ | 2,433,733 |  | $ | 1,103,489 |  | $ | 701,788 |  | $ | 503,047 |  | $ | 869,920 |  |  | $ | 4,131,511 |  | $ | 43,941 |  |  | $ | 12,549,164 |
Construction and development |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 413,322 |  | $ | 470,162 |  | $ | 261,173 |  | $ | 124,818 |  | $ | 36,591 |  | $ | 90,294 |  |  | $ | 12,000 |  | $ | — |  |  | $ | 1,408,360 |
Special mention | — |  | 517 |  | 14,341 |  | 23,312 |  | 16,778 |  | 82 |  |  | — |  | — |  |  | 55,030 |
Substandard accrual | 2,132 |  | — |  | 8,355 |  | — |  | 100 |  | 12,537 |  |  | — |  | — |  |  | 23,124 |
Substandard nonaccrual/doubtful | — |  | — |  | — |  | — |  | — |  | 416 |  |  | — |  | — |  |  | 416 |
Total construction and development | $ | 415,454 |  | $ | 470,679 |  | $ | 283,869 |  | $ | 148,130 |  | $ | 53,469 |  | $ | 103,329 |  |  | $ | 12,000 |  | $ | — |  |  | $ | 1,486,930 |
Non-construction |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,908,428 |  | $ | 1,530,812 |  | $ | 1,045,330 |  | $ | 851,041 |  | $ | 589,268 |  | $ | 2,149,357 |  |  | $ | 181,096 |  | $ | 19,790 |  |  | $ | 8,275,122 |
Special mention | 5,114 |  | 12,556 |  | 6,377 |  | 18,225 |  | 31,849 |  | 41,236 |  |  | — |  | — |  |  | 115,357 |
Substandard accrual | — |  | — |  | 832 |  | 8,507 |  | 23,330 |  | 34,898 |  |  | — |  | — |  |  | 67,567 |
Substandard nonaccrual/doubtful | — |  | — |  | — |  | — |  | 349 |  | 5,622 |  |  | — |  | — |  |  | 5,971 |
Total non-construction | $ | 1,913,542 |  | $ | 1,543,368 |  | $ | 1,052,539 |  | $ | 877,773 |  | $ | 644,796 |  | $ | 2,231,113 |  |  | $ | 181,096 |  | $ | 19,790 |  |  | $ | 8,464,017 |
Home equity |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 198 |  | $ | — |  | $ | — |  | $ | 56 |  | $ | — |  | $ | 5,445 |  |  | $ | 312,183 |  | $ | — |  |  | $ | 317,882 |
Special mention | — |  | 1 |  | — |  | — |  | 255 |  | 991 |  |  | 2,598 |  | 148 |  |  | 3,993 |
Substandard accrual | — |  | — |  | — |  | — |  | — |  | 7,530 |  |  | 910 |  | 896 |  |  | 9,336 |
Substandard nonaccrual/doubtful | — |  | — |  | 118 |  | 18 |  | — |  | 1,251 |  |  | 100 |  | — |  |  | 1,487 |
Total home equity | $ | 198 |  | $ | 1 |  | $ | 118 |  | $ | 74 |  | $ | 255 |  | $ | 15,217 |  |  | $ | 315,791 |  | $ | 1,044 |  |  | $ | 332,698 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |
Early buy-out loans guaranteed by U.S. government agencies | $ | — |  | $ | 901 |  | $ | 9,424 |  | $ | 21,662 |  | $ | 19,700 |  | $ | 113,101 |  |  | $ | — |  | $ | — |  |  | $ | 164,788 |
Pass | 787,652 |  | 835,672 |  | 228,945 |  | 120,596 |  | 49,710 |  | 150,024 |  |  | — |  | — |  |  | 2,172,599 |
Special mention | 3,523 |  | 1,720 |  | 2,100 |  | 1,602 |  | 1,897 |  | 5,247 |  |  | — |  | — |  |  | 16,089 |
Substandard accrual | 1,214 |  | 1,981 |  | 1,111 |  | 149 |  | 428 |  | 3,853 |  |  | — |  | — |  |  | 8,736 |
Substandard nonaccrual/doubtful | 112 |  | 416 |  | 767 |  | 2,176 |  | 1,269 |  | 5,431 |  |  | — |  | — |  |  | 10,171 |
Total residential real estate | $ | 792,501 |  | $ | 840,690 |  | $ | 242,347 |  | $ | 146,185 |  | $ | 73,004 |  | $ | 277,656 |  |  | $ | — |  | $ | — |  |  | $ | 2,372,383 |
Premium finance receivables - property & casualty |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 5,682,665 |  | $ | 55,275 |  | $ | 6,833 |  | $ | 1,707 |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 5,746,480 |
Special mention | 84,728 |  | 462 |  | 25 |  | — |  | — |  | — |  |  | — |  | — |  |  | 85,215 |
Substandard accrual | 3,965 |  | 329 |  | — |  | — |  | — |  | — |  |  | — |  | — |  |  | 4,294 |
Substandard nonaccrual/doubtful | 10,798 |  | 2,621 |  | 51 |  | — |  | — |  | — |  |  | — |  | — |  |  | 13,470 |
Total premium finance receivables - property & casualty | $ | 5,782,156 |  | $ | 58,687 |  | $ | 6,909 |  | $ | 1,707 |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 5,849,459 |
Premium finance receivables - life |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 510,675 |  | $ | 779,057 |  | $ | 1,055,247 |  | $ | 931,276 |  | $ | 726,763 |  | $ | 4,080,764 |  |  | $ | — |  | $ | — |  |  | $ | 8,083,782 |
Special mention | — |  | 4,999 |  | — |  | — |  | — |  | 2,217 |  |  | — |  | — |  |  | 7,216 |
Substandard accrual | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |  |  | — |
Substandard nonaccrual/doubtful | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  | — |  |  | — |
Total premium finance receivables - life | $ | 510,675 |  | $ | 784,056 |  | $ | 1,055,247 |  | $ | 931,276 |  | $ | 726,763 |  | $ | 4,082,981 |  |  | $ | — |  | $ | — |  |  | $ | 8,090,998 |
Consumer and other |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 2,921 |  | $ | 1,592 |  | $ | 252 |  | $ | 481 |  | $ | 388 |  | $ | 12,407 |  |  | $ | 32,566 |  | $ | — |  |  | $ | 50,607 |
Special mention | 10 |  | 2 |  | — |  | 3 |  | — |  | 135 |  |  | 3 |  | — |  |  | 153 |
Substandard accrual | 17 |  | 1 |  | — |  | — |  | — |  | 43 |  |  | 9 |  | — |  |  | 70 |
Substandard nonaccrual/doubtful | — |  | 6 |  | — |  | — |  | — |  | — |  |  | — |  | — |  |  | 6 |
Total consumer and other | $ | 2,948 |  | $ | 1,601 |  | $ | 252 |  | $ | 484 |  | $ | 388 |  | $ | 12,585 |  |  | $ | 32,578 |  | $ | — |  |  | $ | 50,836 |
Total loans |  |  |  |  |  |  |  |  |  |  |
Early buy-out loans guaranteed by U.S. government agencies | $ | — |  | $ | 901 |  | $ | 9,424 |  | $ | 21,662 |  | $ | 19,700 |  | $ | 113,101 |  |  | $ | — |  | $ | — |  |  | $ | 164,788 |
Pass | 12,046,682 |  | 5,986,991 |  | 3,662,460 |  | 2,661,645 |  | 1,863,618 |  | 7,336,246 |  |  | 4,537,246 |  | 62,489 |  |  | 38,157,377 |
Special mention | 100,155 |  | 91,520 |  | 33,122 |  | 70,675 |  | 87,653 |  | 67,880 |  |  | 88,414 |  | 1,380 |  |  | 540,799 |
Substandard accrual | 20,888 |  | 44,402 |  | 36,550 |  | 25,760 |  | 28,936 |  | 61,763 |  |  | 47,216 |  | 906 |  |  | 266,421 |
Substandard nonaccrual/doubtful | 11,484 |  | 9,001 |  | 3,214 |  | 27,675 |  | 1,815 |  | 13,811 |  |  | 100 |  | — |  |  | 67,100 |
Total loans | $ | 12,179,209 |  | $ | 6,132,815 |  | $ | 3,744,770 |  | $ | 2,807,417 |  | $ | 2,001,722 |  | $ | 7,592,801 |  |  | $ | 4,672,976 |  | $ | 64,775 |  |  | $ | 39,196,485 |
Held-to-Maturity Debt Securities by Credit Quality Indicator | For purposes of the table below, the Company has converted any issuer rating from an NRSRO into the Company’s internal ratings based on Investment Policy and review by the Company’s management.
As of December 31, 2022 | Year of Origination |  | Total
(In thousands) | 2022 | 2021 | 2020 | 2019 | 2018 | Prior |  | Balance
Amortized Cost Balances: |  |  |  |  |  |  |  |
U.S. government agencies |  |  |  |  |  |  |  |
1-4 internal grade | $ | 160,000 |  | $ | 147,802 |  | $ | 25,000 |  | $ | 4,000 |  | $ | — |  | $ | 2,812 |  |  | $ | 339,614 |
5-7 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
8-10 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total U.S. government agencies | $ | 160,000 |  | $ | 147,802 |  | $ | 25,000 |  | $ | 4,000 |  | $ | — |  | $ | 2,812 |  |  | $ | 339,614 |
Municipal |  |  |  |  |  |  |  |
1-4 internal grade | $ | 1,045 |  | $ | 7,001 |  | $ | 269 |  | $ | 159 |  | $ | 7,401 |  | $ | 163,153 |  |  | $ | 179,027 |
5-7 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
8-10 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total municipal | $ | 1,045 |  | $ | 7,001 |  | $ | 269 |  | $ | 159 |  | $ | 7,401 |  | $ | 163,153 |  |  | $ | 179,027 |
Mortgage-backed securities |  |  |  |  |  |  |  |
1-4 internal grade | $ | 616,478 |  | $ | 2,447,704 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 3,064,182 |
5-7 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
8-10 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total mortgage-backed securities | $ | 616,478 |  | $ | 2,447,704 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 3,064,182 |
Corporate notes |  |  |  |  |  |  |  |
1-4 internal grade | $ | 14,963 |  | $ | — |  | $ | 6,010 |  | $ | 7,312 |  | $ | 3,182 |  | $ | 26,765 |  |  | $ | 58,232 |
5-7 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
8-10 internal grade | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Total corporate notes | $ | 14,963 |  | $ | — |  | $ | 6,010 |  | $ | 7,312 |  | $ | 3,182 |  | $ | 26,765 |  |  | $ | 58,232 |
Total held-to-maturity securities |  |  |  |  |  |  |  | $ | 3,641,055 |
Less: Allowance for credit losses |  |  |  |  |  |  |  | (488) |
Held-to-maturity securities, net of allowance for credit losses |  |  |  |  |  |  |  | $ | 3,640,567 |
Allowance For Credit Losses | As significant judgment is required, the review of the appropriateness of the allowance for credit losses is performed quarterly by various committees with participation by the Company’s executive management.
|  | December 31, |  | December 31,
(In thousands) |  | 2022 |  | 2021
Allowance for loan losses |  | $ | 270,173 |  |  | $ | 247,835 |
Allowance for unfunded lending-related commitments losses |  | 87,275 |  |  | 51,818 |
Allowance for loan losses and unfunded lending-related commitments losses |  | 357,448 |  |  | 299,653 |
Allowance for held-to-maturity securities losses |  | 488 |  |  | 78 |
Allowance for credit losses |  | $ | 357,936 |  |  | $ | 299,731 |
Summary of Activity in the Allowance for Credit Losses by Loan Portfolio | A summary of the activity in the allowance for credit losses by loan portfolio (i.e. allowance for loan losses and allowance for unfunded commitment losses) for the years ended December 31, 2022 and 2021 is as follows:
Year Ended December 31, 2022 (In thousands) |  | Commercial |  | Commercial Real Estate |  | Home Equity |  | Residential Real Estate |  | Premium Finance Receivable |  | Consumer and Other |  | Total Loans
Allowance for credit losses at beginning of period |  | $ | 119,307 |  |  | $ | 144,583 |  |  | $ | 10,699 |  |  | $ | 8,782 |  |  | $ | 15,859 |  |  | $ | 423 |  |  | 299,653 |
Other adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | (108) |  |  | — |  |  | (108) |
Charge-offs |  | (14,141) |  |  | (1,379) |  |  | (432) |  |  | (471) |  |  | (14,275) |  |  | (1,081) |  |  | (31,779) |
Recoveries |  | 4,748 |  |  | 701 |  |  | 319 |  |  | 77 |  |  | 5,522 |  |  | 136 |  |  | 11,503 |
Provision for credit losses |  | 32,855 |  |  | 40,447 |  |  | (3,013) |  |  | 3,197 |  |  | 3,673 |  |  | 1,020 |  |  | 78,179 |
Allowance for credit losses at period end |  | $ | 142,769 |  |  | $ | 184,352 |  |  | $ | 7,573 |  |  | $ | 11,585 |  |  | $ | 10,671 |  |  | $ | 498 |  |  | $ | 357,448 |
By measurement method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 5,973 |  |  | $ | 61 |  |  | $ | 50 |  |  | $ | 715 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,799 |
Collectively evaluated for impairment |  | 136,796 |  |  | 184,291 |  |  | 7,523 |  |  | 10,870 |  |  | 10,671 |  |  | 498 |  |  | 350,649 |
Loans at period end: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 38,042 |  |  | $ | 21,435 |  |  | $ | 10,351 |  |  | $ | 20,300 |  |  | $ | — |  |  | $ | 69 |  |  | $ | 90,197 |
Collectively evaluated for impairment |  | 12,511,122 |  |  | 9,929,512 |  |  | 322,347 |  |  | 2,172,151 |  |  | 13,940,457 |  |  | 50,767 |  |  | 38,926,356 |
Loans held at fair value |  | — |  |  | — |  |  | — |  |  | 179,932 |  |  | — |  |  | — |  |  | 179,932 |
Year Ended December 31, 2021 (In thousands) |  | Commercial |  | Commercial Real Estate |  | Home Equity |  | Residential Real Estate |  | Premium Finance Receivable |  | Consumer and Other |  | Total Loans
Allowance for credit losses at beginning of period |  | $ | 94,212 |  |  | $ | 243,603 |  |  | $ | 11,437 |  |  | $ | 12,459 |  |  | $ | 17,777 |  |  | $ | 422 |  |  | $ | 379,910 |
Initial allowance for credit losses recognized on PCD assets acquired during the period (1) |  | 470 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 470 |
Other adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Charge-offs |  | (20,801) |  |  | (3,293) |  |  | (336) |  |  | (1,082) |  |  | (9,020) |  |  | (487) |  |  | (35,019) |
Recoveries |  | 2,559 |  |  | 1,304 |  |  | 1,203 |  |  | 330 |  |  | 7,989 |  |  | 184 |  |  | 13,569 |
Provision for credit losses |  | 42,867 |  |  | (97,031) |  |  | (1,605) |  |  | (2,925) |  |  | (890) |  |  | 304 |  |  | (59,280) |
Allowance for credit losses at period end |  | $ | 119,307 |  |  | $ | 144,583 |  |  | $ | 10,699 |  |  | $ | 8,782 |  |  | $ | 15,859 |  |  | $ | 423 |  |  | $ | 299,653 |
By measurement method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 5,196 |  |  | $ | 2,237 |  |  | $ | 192 |  |  | $ | 899 |  |  | $ | — |  |  | $ | 28 |  |  | $ | 8,552 |
Collectively evaluated for impairment |  | 114,111 |  |  | 142,346 |  |  | 10,507 |  |  | 7,883 |  |  | 15,859 |  |  | 395 |  |  | 291,101 |
Loans at period end: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 24,530 |  |  | $ | 30,167 |  |  | $ | 14,656 |  |  | $ | 23,306 |  |  | $ | — |  |  | $ | 611 |  |  | $ | 93,270 |
Collectively evaluated for impairment |  | 11,879,538 |  |  | 8,960,119 |  |  | 320,499 |  |  | 1,575,195 |  |  | 11,898,297 |  |  | 23,588 |  |  | 34,657,236 |
Loan held at fair value |  | — |  |  | — |  |  | — |  |  | 38,598 |  |  | — |  |  | — |  |  | 38,598 |
(1)The initial allowance for credit losses on PCD loans acquired during 2021 measured approximately $2.8 million, of which $2.3 million was charged off related to PCD loans that met the Company’s charge-off policy at the time of acquisition. After considering these loans that were immediately charged off, the net impact of PCD allowance for credit losses at the acquisition date was approximately $470,000.
Summary of the Post-Modification Balance of Loans Restructured | The tables below present a summary of the post-modification balance of loans restructured during the years ended December 31, 2022, 2021, and 2020 which represent TDRs:
Year ended December 31, 2022 |  | Total (1)(2) |  | Extension at Below Market Terms (2) |  | Reduction of Interest Rate (2) |  | Modification to Interest-only Payments (2) |  | Forgiveness of Debt (2)
(In thousands) |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, industrial and other |  | 5 |  |  | $ | 468 |  |  | 4 |  |  | $ | 305 |  |  | 1 |  |  | $ | 85 |  |  | 2 |  |  | $ | 248 |  |  | — |  |  | $ | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-construction |  | 3 |  |  | 8,833 |  |  | 1 |  |  | 1,178 |  |  | 1 |  |  | 1,178 |  |  | 3 |  |  | 8,833 |  |  | — |  |  | — |
Residential real estate and other |  | 32 |  |  | 4,076 |  |  | 31 |  |  | 4,075 |  |  | 20 |  |  | 3,002 |  |  | — |  |  | — |  |  | — |  |  | — |
Total loans |  | 40 |  |  | $ | 13,377 |  |  | 36 |  |  | $ | 5,558 |  |  | 22 |  |  | $ | 4,265 |  |  | 5 |  |  | $ | 9,081 |  |  | — |  |  | $ | — |
Year ended December 31, 2021 |  | Total (1)(2) |  | Extension at Below Market Terms (2) |  | Reduction of Interest Rate (2) |  | Modification to Interest-only Payments (2) |  | Forgiveness of Debt (2)
(In thousands) |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, industrial and other |  | 16 |  |  | $ | 5,074 |  |  | 7 |  |  | $ | 847 |  |  | 1 |  |  | $ | 300 |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-construction |  | 5 |  |  | 2,944 |  |  | 4 |  |  | 2,401 |  |  | 2 |  |  | 656 |  |  | 1 |  |  | 113 |  |  | — |  |  | — |
Residential real estate and other |  | 43 |  |  | 5,851 |  |  | 40 |  |  | 5,683 |  |  | 17 |  |  | 4,123 |  |  | 9 |  |  | 4,227 |  |  | — |  |  | — |
Total loans |  | 64 |  |  | $ | 13,869 |  |  | 51 |  |  | $ | 8,931 |  |  | 20 |  |  | $ | 5,079 |  |  | 10 |  |  | $ | 4,340 |  |  | — |  |  | $ | — |
Year ended December 31, 2020 |  | Total (1)(2) |  | Extension at Below Market Terms (2) |  | Reduction of Interest Rate (2) |  | Modification to Interest-only Payments (2) |  | Forgiveness of Debt (2)
(In thousands) |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, industrial and other |  | 21 |  |  | $ | 12,362 |  |  | 17 |  |  | $ | 8,089 |  |  | 1 |  |  | $ | 991 |  |  | 6 |  |  | $ | 4,436 |  |  | 1 |  |  | $ | 432 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-construction |  | 18 |  |  | 19,281 |  |  | 15 |  |  | 14,657 |  |  | 3 |  |  | 921 |  |  | 8 |  |  | 5,853 |  |  | — |  |  | — |
Residential real estate and other |  | 85 |  |  | 14,229 |  |  | 70 |  |  | 13,721 |  |  | 38 |  |  | 5,809 |  |  | 1 |  |  | 190 |  |  | — |  |  | — |
Total loans |  | 124 |  |  | $ | 45,872 |  |  | 102 |  |  | $ | 36,467 |  |  | 42 |  |  | $ | 7,721 |  |  | 15 |  |  | $ | 10,479 |  |  | 1 |  |  | $ | 432 |
(1)TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. (2)Balances represent the recorded investment in the loan at the time of the restructuring. The tables below present a summary of all loans restructured in TDRs during the years ended December 31, 2022, 2021, and 2020, and such loans which were in payment default under the restructured terms during the respective periods:
|  | Year Ended December 31, 2022 |  | Year Ended December 31, 2021 |  | Year Ended December 31, 2020
|  | Total (1)(3) |  | Payments in Default (2)(3) |  | Total (1)(3) |  | Payments in Default (2)(3) |  | Total (1)(3) |  | Payments in Default (2)(3)
(In thousands) |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance |  | Count |  | Balance
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, industrial and other |  | 5 |  |  | $ | 468 |  |  | 2 |  |  | $ | 185 |  |  | 16 |  |  | $ | 5,074 |  |  | 1 |  |  | $ | 199 |  |  | 21 |  |  | $ | 12,362 |  |  | 7 |  |  | $ | 4,041 |
Commercial real-estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-construction |  | 3 |  |  | 8,833 |  |  | — |  |  | — |  |  | 5 |  |  | 2,944 |  |  | 3 |  |  | 2,276 |  |  | 18 |  |  | 19,281 |  |  | 12 |  |  | 14,343 |
Residential real estate and other |  | 32 |  |  | 4,076 |  |  | 3 |  |  | 524 |  |  | 43 |  |  | 5,851 |  |  | 2 |  |  | 116 |  |  | 85 |  |  | 14,229 |  |  | 8 |  |  | 834 |
Total loans |  | 40 |  |  | $ | 13,377 |  |  | 5 |  |  | $ | 709 |  |  | 64 |  |  | $ | 13,869 |  |  | 6 |  |  | $ | 2,591 |  |  | 124 |  |  | $ | 45,872 |  |  | 27 |  |  | $ | 19,218 |
(1)Total TDRs represent all loans restructured in TDRs during the year indicated. (2)TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. (3)Balances represent the recorded investment in the loan at the time of the restructuring.

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of credit quality indicator for investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 + Details
Name: | us-gaap_DebtSecuritiesHeldToMaturityCreditQualityIndicatorTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified as troubled debt restructuring. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Allowance For Credit Losses + References No definition available. + Details
Name: | wtfc_AllowanceForCreditLossesTableTextBlock
Namespace Prefix: | wtfc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration