XML 54 R43.htm IDEA: XBRL DOCUMENT v3.19.2
ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
 6 Months Ended
Jun. 30, 2019
Loans And Leases Receivable Disclosure [Abstract]  
Changes in Allowance for Loan and Lease Losses

The changes in the allowance for loan and lease losses were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial & Industrial Loans

 

Construction Loans

 

Consumer Loans

 

Total

 

 

 

 

 

 

Quarter ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

51,886

 

$

53,430

 

$

22,321

 

$

3,331

 

$

52,764

 

$

183,732

Charge-offs

 

(4,768)

 

 

(11,688)

 

 

(358)

 

 

(72)

 

 

(11,027)

 

 

(27,913)

Recoveries

 

580

 

 

90

 

 

275

 

 

309

 

 

2,404

 

 

3,658

Provision (release)

 

586

 

 

4,541

 

 

(594)

 

 

(542)

 

 

8,543

 

 

12,534

Ending balance

$

48,284

 

$

46,373

 

$

21,644

 

$

3,026

 

$

52,684

 

$

172,011

Ending balance: specific reserve for impaired loans

$

18,788

 

$

9,023

 

$

3,880

 

$

574

 

$

4,570

 

$

36,835

Ending balance: PCI loans (1)

$

11,063

 

$

371

 

$

-

 

$

-

 

$

-

 

$

11,434

Ending balance: general allowance

$

18,433

 

$

36,979

 

$

17,764

 

$

2,452

 

$

48,114

 

$

123,742

Loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

3,070,746

 

$

1,550,364

 

$

2,279,685

 

$

100,244

 

$

2,112,916

 

$

9,113,955

Ending balance: impaired loans

$

391,016

 

$

207,509

 

$

80,137

 

$

6,029

 

$

27,137

 

$

711,828

Ending balance: PCI loans

$

138,367

 

$

3,339

 

$

-

 

$

-

 

$

-

 

$

141,706

Ending balance: loans with general allowance

$

2,541,363

 

$

1,339,516

 

$

2,199,548

 

$

94,215

 

$

2,085,779

 

$

8,260,421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial & Industrial Loans

 

Construction Loans

 

Consumer Loans

 

Total

 

 

 

 

 

 

Six-Month Period Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

50,794

 

$

55,581

 

$

32,546

 

$

3,592

 

$

53,849

 

$

196,362

Charge-offs

 

(10,941)

 

 

(14,088)

 

 

(6,669)

 

 

(279)

 

 

(24,296)

 

 

(56,273)

Recoveries

 

1,206

 

 

218

 

 

1,370

 

 

350

 

 

4,424

 

 

7,568

Provision (release)

 

7,225

 

 

4,662

 

 

(5,603)

 

 

(637)

 

 

18,707

 

 

24,354

Ending balance

$

48,284

 

$

46,373

 

$

21,644

 

$

3,026

 

$

52,684

 

$

172,011

Ending balance: specific reserve for impaired loans

$

18,788

 

$

9,023

 

$

3,880

 

$

574

 

$

4,570

 

$

36,835

Ending balance: PCI loans (1)

$

11,063

 

$

371

 

$

-

 

$

-

 

$

-

 

$

11,434

Ending balance: general allowance

$

18,433

 

$

36,979

 

$

17,764

 

$

2,452

 

$

48,114

 

$

123,742

Loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

3,070,746

 

$

1,550,364

 

$

2,279,685

 

$

100,244

 

$

2,112,916

 

$

9,113,955

Ending balance: impaired loans

$

391,016

 

$

207,509

 

$

80,137

 

$

6,029

 

$

27,137

 

$

711,828

Ending balance: PCI loans

$

138,367

 

$

3,339

 

$

-

 

$

-

 

$

-

 

$

141,706

Ending balance: loans with general allowance

$

2,541,363

 

$

1,339,516

 

$

2,199,548

 

$

94,215

 

$

2,085,779

 

$

8,260,421

 

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial & Industrial Loans

 

Construction Loans

 

Consumer Loans

 

Total

 

 

 

 

 

 

Quarter ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

56,386

 

$

50,393

 

$

47,659

 

$

4,122

 

$

67,296

 

$

225,856

Charge-offs

 

(5,544)

 

 

(3,897)

 

 

(5,110)

 

 

(818)

 

 

(12,327)

 

 

(27,696)

Recoveries

 

689

 

 

38

 

 

1,376

 

 

138

 

 

2,098

 

 

4,339

Provision

 

3,599

 

 

2,184

 

 

75

 

 

507

 

 

13,171

 

 

19,536

Ending balance

$

55,130

 

$

48,718

 

$

44,000

 

$

3,949

 

$

70,238

 

$

222,035

Ending balance: specific reserve for impaired loans

$

19,804

 

$

12,204

 

$

10,592

 

$

1,061

 

$

5,853

 

$

49,514

Ending balance: PCI loans (1)

$

10,954

 

$

400

 

$

-

 

$

-

 

$

-

 

$

11,354

Ending balance: general allowance

$

24,372

 

$

36,114

 

$

33,408

 

$

2,888

 

$

64,385

 

$

161,167

Loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

3,238,001

 

$

1,533,308

 

$

2,009,049

 

$

84,683

 

$

1,775,250

 

$

8,640,291

Ending balance: impaired loans

$

409,085

 

$

175,575

 

$

111,371

 

$

11,261

 

$

32,842

 

$

740,134

Ending balance: PCI loans

$

148,025

 

$

4,217

 

$

-

 

$

-

 

$

-

 

$

152,242

Ending balance: loans with general allowance

$

2,680,891

 

$

1,353,516

 

$

1,897,678

 

$

73,422

 

$

1,742,408

 

$

7,747,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial & Industrial Loans

 

Construction Loans

 

Consumer Loans

 

Total

 

 

 

 

 

 

Six-Month Period Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

58,975

 

$

48,493

 

$

48,871

 

$

4,522

 

$

70,982

 

$

231,843

Charge-offs (2)

 

(8,915)

 

 

(10,707)

 

 

(7,040)

 

 

(5,995)

 

 

(24,399)

 

 

(57,056)

Recoveries

 

1,024

 

 

87

 

 

1,438

 

 

151

 

 

4,468

 

 

7,168

Provision (2)

 

4,046

 

 

10,845

 

 

731

 

 

5,271

 

 

19,187

 

 

40,080

Ending balance

$

55,130

 

$

48,718

 

$

44,000

 

$

3,949

 

$

70,238

 

$

222,035

Ending balance: specific reserve for impaired loans

$

19,804

 

$

12,204

 

$

10,592

 

$

1,061

 

$

5,853

 

$

49,514

Ending balance: PCI loans (1)

$

10,954

 

$

400

 

$

-

 

$

-

 

$

-

 

$

11,354

Ending balance: general allowance

$

24,372

 

$

36,114

 

$

33,408

 

$

2,888

 

$

64,385

 

$

161,167

Loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

$

3,238,001

 

$

1,533,308

 

$

2,009,049

 

$

84,683

 

$

1,775,250

 

$

8,640,291

Ending balance: impaired loans

$

409,085

 

$

175,575

 

$

111,371

 

$

11,261

 

$

32,842

 

$

740,134

Ending balance: PCI loans

$

148,025

 

$

4,217

 

$

-

 

$

-

 

$

-

 

$

152,242

Ending balance: loans with general allowance

$

2,680,891

 

$

1,353,516

 

$

1,897,678

 

$

73,422

 

$

1,742,408

 

$

7,747,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The tables below present the allowance for loan and lease losses and the carrying value of loans by portfolio segment as of June 30, 2019 and December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2019

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial and Industrial Loans

 

 

 

Consumer Loans

 

 

 

 

 

 

 

 

Construction Loans

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

Total

 

Impaired loans without specific reserves:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans, net of charge-offs

$

106,195

 

$

79,600

 

$

28,854

 

$

3,245

 

$

1,213

 

 

$

219,107

 

Impaired loans with specific reserves:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans, net of charge-offs

 

284,821

 

 

127,909

 

 

51,283

 

 

2,784

 

 

25,924

 

 

 

492,721

 

Allowance for loan and lease losses

 

18,788

 

 

9,023

 

 

3,880

 

 

574

 

 

4,570

 

 

 

36,835

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance

 

6.60

%

 

7.05

%

 

7.57

%

 

20.62

%

 

17.63

%

 

 

7.48

%

PCI loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying value of PCI loans

$

138,367

 

$

3,339

 

$

-

 

$

-

 

$

-

 

 

$

141,706

 

Allowance for PCI loans

 

11,063

 

 

371

 

 

-

 

 

-

 

 

-

 

 

 

11,434

 

Allowance for PCI loans to carrying value

 

8.00

%

 

11.11

%

 

 

 

 

 

 

 

 

 

 

 

8.07

%

Loans with general allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans

$

2,541,363

 

$

1,339,516

 

$

2,199,548

 

$

94,215

 

$

2,085,779

 

 

$

8,260,421

 

Allowance for loan and lease losses

 

18,433

 

 

36,979

 

 

17,764

 

 

2,452

 

 

48,114

 

 

 

123,742

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance

 

0.73

%

 

2.76

%

 

0.81

%

 

2.60

%

 

2.31

 

%

 

1.50

%

Total loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans

$

3,070,746

 

$

1,550,364

 

$

2,279,685

 

$

100,244

 

$

2,112,916

 

 

$

9,113,955

 

Allowance for loan and lease losses

 

48,284

 

 

46,373

 

 

21,644

 

 

3,026

 

 

52,684

 

 

 

172,011

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance (1)

 

1.57

%

 

2.99

%

 

0.95

%

 

3.02

%

 

2.49

 

%

 

1.89

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

Residential Mortgage Loans

 

Commercial Mortgage Loans

 

Commercial and Industrial Loans

 

 

 

Consumer Loans

 

 

 

 

 

 

 

Construction Loans

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans without specific reserves:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans, net of charge-offs

$

110,238

 

$

43,358

 

$

30,030

 

$

2,431

 

$

2,340

 

$

188,397

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans with specific reserves:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans, net of charge-offs

 

293,494

 

 

184,068

 

 

61,162

 

 

4,162

 

 

28,986

 

 

571,872

 

Allowance for loan and lease losses

 

19,965

 

 

17,684

 

 

9,693

 

 

760

 

 

5,874

 

 

53,976

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance

 

6.80

%

 

9.61

%

 

15.85

%

 

18.26

%

 

20.26

%

 

9.44

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PCI loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying value of PCI loans

$

143,176

 

$

3,464

 

$

-

 

$

-

 

$

-

 

$

146,640

 

Allowance for PCI loans

 

10,954

 

 

400

 

 

-

 

 

-

 

 

-

 

 

11,354

 

Allowance for PCI loans to carrying value

 

7.65

%

 

11.55

%

 

 

 

 

 

 

 

 

 

 

7.74

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with general allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans

$

2,616,300

 

$

1,291,772

 

$

2,056,919

 

$

72,836

 

$

1,913,387

 

$

7,951,214

 

Allowance for loan and lease losses

 

19,875

 

 

37,497

 

 

22,853

 

 

2,832

 

 

47,975

 

 

131,032

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance

 

0.76

%

 

2.90

%

 

1.11

%

 

3.89

%

 

2.51

%

 

1.65

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total loans held for investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal balance of loans

$

3,163,208

 

$

1,522,662

 

$

2,148,111

 

$

79,429

 

$

1,944,713

 

$

8,858,123

 

Allowance for loan and lease losses

 

50,794

 

 

55,581

 

 

32,546

 

 

3,592

 

 

53,849

 

 

196,362

 

Allowance for loan and lease losses to principal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

balance (1)

 

1.61

%

 

3.65

%

 

1.52

%

 

4.52

%

 

2.77

%

 

2.22

%