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LOANS (Tables)

6 Months Ended

Jun. 30, 2020

Loans and Leases Receivable Disclosure [Line Items]

Loans Receivable, Net

The segments of the Company’s loan portfolio are summarized as follows:

(000’s omitted)		June 30, 2020				December 31, 2019
Business lending		$	3,455,343			$	2,775,876
Consumer mortgage			2,428,060				2,430,902
Consumer indirect			1,056,865				1,113,062
Consumer direct			169,228				184,378
Home equity			418,543				386,325
Gross loans, including deferred origination costs			7,528,039				6,890,543
Allowance for credit losses			(64,437	)			(49,911	)
Loans, net of allowance for credit losses		$	7,463,602			$	6,840,632

Aged Analysis of Past Due Loans by Segment

The following table presents the aging of the amortized cost basis of the Company’s past due loans, including purchased credit deteriorated (“PCD”) loans, by segment as of June 30, 2020:

(000’s omitted)		Past Due 30 – 89 Days				90+ Days Past Due and Still Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Business lending		$	2,495			$	1,186			$	5,001			$	8,682			$	3,446,661			$	3,455,343
Consumer mortgage			13,539				3,651				13,544				30,734				2,397,326				2,428,060
Consumer indirect			8,116				744				2				8,862				1,048,003				1,056,865
Consumer direct			875				72				54				1,001				168,227				169,228
Home equity			2,562				410				2,096				5,068				413,475				418,543
Total		$	27,587			$	6,063			$	20,697			$	54,347			$	7,473,692			$	7,528,039

The following is an aged analysis of the Company’s past due loans by segment as of December 31, 2019:

Legacy Loans (excludes loans acquired after January 1, 2009)

(000’s omitted)		Past Due 30 – 89 Days				90+ Days Past Due and Still Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Business lending		$	3,936			$	126			$	3,840			$	7,902			$	1,848,683			$	1,856,585
Consumer mortgage			10,990				2,052				10,131				23,173				1,973,543				1,996,716
Consumer indirect			12,673				125				0				12,798				1,094,510				1,107,308
Consumer direct			1,455				76				0				1,531				174,445				175,976
Home equity			1,508				328				1,444				3,280				310,727				314,007
Total		$	30,562			$	2,707			$	15,415			$	48,684			$	5,401,908			$	5,450,592

Acquired Loans (includes loans acquired after January 1, 2009)

(000’s omitted)		Past Due 30 – 89 Days				90+ Days Past Due and Still Accruing				Nonaccrual				Total Past Due				Acquired Impaired(1)				Current				Total Loans
Business lending		$	8,518			$	2,173			$	570			$	11,261			$	11,797			$	896,233			$	919,291
Consumer mortgage			890				277				2,386				3,553				0				430,633				434,186
Consumer indirect			79				31				0				110				0				5,644				5,754
Consumer direct			59				0				52				111				0				8,291				8,402
Home equity			744				238				412				1,394				0				70,924				72,318
Total		$	10,290			$	2,719			$	3,420			$	16,429			$	11,797			$	1,411,725			$	1,439,951

(1) Acquired impaired loans were not classified as nonperforming assets as the loans are considered to be performing under ASC 310-30.  As a result interest income, through the accretion of the difference between the carrying amount of the loans and the expected cashflows, is being recognized on all acquired impaired loans.

Non-Business Impaired Loans

All loan classes are collectively evaluated for impairment except business lending.  A summary of individually evaluated impaired loans as of June 30, 2020 and December 31, 2019 follows:

(000’s omitted)		June 30, 2020				December 31, 2019
Loans with allowance allocation		$	0			$	0
Loans without allowance allocation			1,414				1,414
Carrying balance			1,414				1,414
Contractual balance			2,943				2,944
Specifically allocated allowance			0				0

Troubled Debt Restructurings on Financing Receivables

Information regarding TDRs as of June 30, 2020 and December 31, 2019 is as follows:

		June 30, 2020																								December 31, 2019
(000’s omitted)		Nonaccrual								Accruing								Total								Nonaccrual								Accruing								Total
			#			Amount					#			Amount					#			Amount					#			Amount					#			Amount					#			Amount
Business lending			8			$	602				3			$	195				11			$	797				8			$	681				3			$	201				11			$	882
Consumer mortgage			58				2,491				47				2,230				105				4,721				59				2,638				47				1,892				106				4,530
Consumer indirect			0				0				79				878				79				878				0				0				84				941				84				941
Consumer direct			0				0				23				99				23				99				0				0				23				101				23				101
Home equity			11				285				10				250				21				535				13				290				11				238				24				528
Total			77			$	3,378				162			$	3,652				239			$	7,030				80			$	3,609				168			$	3,373				248			$	6,982

The following table presents information related to loans modified in a TDR during the three months and six months ended June 30, 2020 and 2019.  Of the loans noted in the table below, all consumer mortgage loans for the three months and six months ended June 30, 2020 and 2019 were modified due to a Chapter 7 bankruptcy as described previously.  The financial effects of these restructurings were immaterial.

		Three Months Ended June 30, 2020								Three Months Ended June 30, 2019
(000’s omitted)		Number of loans modified				Outstanding Balance				Number of loans modified				Outstanding Balance
Business lending			0			$	0				2			$	250
Consumer mortgage			3				174				4				283
Consumer indirect			3				47				4				33
Consumer direct			0				0				2				6
Home equity			1				28				3				71
Total			7			$	249				15			$	643

		Six Months Ended June 30, 2020								Six Months Ended June 30, 2019
(000’s omitted)		Number of loans modified				Outstanding Balance				Number of loans modified				Outstanding Balance
Business lending			0			$	0				2			$	250
Consumer mortgage			9				738				11				861
Consumer indirect			14				151				12				98
Consumer direct			1				11				3				12
Home equity			1				28				4				75
Total			25			$	928				32			$	1,296

Allowance for Credit Losses by Class

The following presents by segment the activity in the allowance for credit losses:

		Three Months Ended June 30, 2020
(000’s omitted)		Beginning balance				Charge-offs				Recoveries				Steuben acquisition				Provision				Ending balance
Business lending		$	19,489			$	(7	)		$	84			$	2,483			$	2,155			$	24,204
Consumer mortgage			12,430				(234	)			36				146				710				13,088
Consumer indirect			13,694				(1,431	)			833				183				2,587				15,866
Consumer direct			3,737				(341	)			171				87				374				4,028
Home equity			2,484				(81	)			12				235				40				2,690
Unallocated			772				0				0				0				228				1,000
Purchased credit deteriorated			3,046				0				48				528				(61	)			3,561
Allowance for credit losses – loans			55,652				(2,094	)			1,184				3,662				6,033				64,437
Liabilities for off-balance-sheet credit exposures			845				0				0				67				540				1,452
Total allowance for credit losses		$	56,497			$	(2,094	)		$	1,184			$	3,729			$	6,573			$	65,889

		Three Months Ended June 30, 2019
(000’s omitted)		Business Lending				Consumer Mortgage				Consumer Indirect				Consumer Direct				Home Equity				Unallocated				Acquired Impaired				Total
Beginning balance		$	18,271			$	10,317			$	14,251			$	3,056			$	2,067			$	990			$	155			$	49,107
Charge-offs			(253	)			(587	)			(1,482	)			(445	)			(104	)			0				0				(2,871	)
Recoveries			169				14				1,239				221				31				0				0				1,674
Provision			(418	)			1,019				337				352				109				1				0				1,400
Ending balance		$	17,769			$	10,763			$	14,345			$	3,184			$	2,103			$	991			$	155			$	49,310

		Six Months Ended June 30, 2020
(000’s omitted)		Beginning balance, prior to the adoption of ASC 326				Impact of ASC 326				Beginning balance, after adoption of ASC 326				Charge-offs				Recoveries				Steuben acquisition				Provision				Ending balance
Business lending		$	19,426			$	288			$	19,714			$	(183	)		$	222			$	2,483			$	1,968			$	24,204
Consumer mortgage			10,269				(1,051	)			9,218				(420	)			44				146				4,100				13,088
Consumer indirect			13,712				(997	)			12,715				(3,510	)			1,996				183				4,482				15,866
Consumer direct			3,255				(643	)			2,612				(874	)			353				87				1,850				4,028
Home equity			2,129				808				2,937				(154	)			18				235				(346	)			2,690
Unallocated			957				43				1,000				0				0				0				0				1,000
Purchased credit deteriorated			0				3,072				3,072				0				48				528				(87	)			3,561
Purchased credit impaired			163				(163	)			0				0				0				0				0				0
Allowance for credit losses – loans			49,911				1,357				51,268				(5,141	)			2,681				3,662				11,967				64,437
Liabilities for off-balance-sheet credit exposures			0				1,185				1,185				0				0				67				200				1,452
Total allowance for credit losses		$	49,911			$	2,542			$	52,453			$	(5,141	)		$	2,681			$	3,729			$	12,167			$	65,889

		Six Months Ended June 30, 2019
(000’s omitted)		Business Lending				Consumer Mortgage				Consumer Indirect				Consumer Direct				Home Equity				Unallocated				Acquired Impaired				Total
Beginning balance		$	18,522			$	10,124			$	14,366			$	3,095			$	2,144			$	1,000			$	33			$	49,284
Charge-offs			(1,469	)			(840	)			(3,305	)			(980	)			(178	)			0				0				(6,772	)
Recoveries			303				36				2,201				400				36				0				0				2,976
Provision			413				1,443				1,083				669				101				(9	)			122				3,822
Ending balance		$	17,769			$	10,763			$	14,345			$	3,184			$	2,103			$	991			$	155			$	49,310

Carrying Amounts of Loans Purchased and Sold

The following table presents the carrying amounts of loans purchased and sold during the six months ended June 30, 2020 by portfolio segment:

(000’s omitted)		Business lending				Consumer mortgage				Consumer indirect				Consumer direct				Home equity				Total
Purchases		$	253,469			$	26,733			$	13,926			$	6,022			$	39,542			$	339,692
Sales			0				15,599				0				0				0				15,599

Business Lending [Member]

Loans and Leases Receivable Disclosure [Line Items]

Loans by Credit Quality Indicator

The following tables show the amount of business lending loans by credit quality category at June 30, 2020 and December 31, 2019:

(000’s omitted)		Term Loans Amortized Cost Basis by Origination Year																								Revolving Loans Amortized
June 30, 2020		2020				2019				2018				2017				2016				Prior				Cost Basis				Total
Business lending:
Risk rating
Pass		$	661,019			$	390,621			$	371,073			$	273,598			$	274,860			$	634,379			$	567,034			$	3,172,584
Special mention			6,026				12,045				6,641				12,701				18,005				56,168				30,485				142,071
Classified			3,334				3,056				17,362				8,151				15,286				55,677				37,822				140,688
Doubtful			0				0				0				0				0				0				0				0
Total business lending		$	670,379			$	405,722			$	395,076			$	294,450			$	308,151			$	746,224			$	635,341			$	3,455,343

		December 31, 2019
(000’s omitted)		Legacy				Acquired				Total
Pass		$	1,655,280			$	832,693			$	2,487,973
Special mention			98,953				45,324				144,277
Classified			102,352				29,477				131,829
Doubtful			0				0				0
Acquired impaired			0				11,797				11,797
Total		$	1,856,585			$	919,291			$	2,775,876

All Other Loans [Member]

Loans and Leases Receivable Disclosure [Line Items]

Loans by Credit Quality Indicator

The following table details the balances in all other loan categories at June 30, 2020:

(000’s omitted)		Term Loans Amortized Cost Basis by Origination Year																								Revolving Loans Amortized
June 30, 2020		2020				2019				2018				2017				2016				Prior				Cost Basis				Total
Consumer mortgage:
FICO AB
Performing		$	111,491			$	247,646			$	186,686			$	185,064			$	178,459			$	712,049			$	454			$	1,621,849
Nonperforming			0				155				151				408				317				3,449				0				4,480
Total FICO AB			111,491				247,801				186,837				185,472				178,776				715,498				454				1,626,329
FICO CDE
Performing			47,370				108,296				85,917				83,641				91,733				362,287				9,772				789,016
Nonperforming			0				360				732				674				1,456				9,493				0				12,715
Total FICO CDE			47,370				108,656				86,649				84,315				93,189				371,780				9,772				801,731
Total consumer mortgage		$	158,861			$	356,457			$	273,486			$	269,787			$	271,965			$	1,087,278			$	10,226			$	2,428,060
Consumer indirect:
Performing		$	135,333			$	372,290			$	260,629			$	118,119			$	88,554			$	81,194			$	0			$	1,056,119
Nonperforming			9				170				176				175				137				79				0				746
Total consumer indirect		$	135,342			$	372,460			$	260,805			$	118,294			$	88,691			$	81,273				0			$	1,056,865
Consumer direct:
Performing		$	27,668			$	60,954			$	38,348			$	18,528			$	8,888			$	7,892			$	6,824			$	169,102
Nonperforming			0				35				23				66				0				0				2				126
Total consumer direct		$	27,668			$	60,989			$	38,371			$	18,594			$	8,888			$	7,892			$	6,826			$	169,228
Home equity:
Performing		$	31,060			$	53,585			$	31,703			$	26,694			$	21,831			$	40,438			$	210,726			$	416,037
Nonperforming			0				0				0				65				165				644				1,632				2,506
Total home equity		$	31,060			$	53,585			$	31,703			$	26,759			$	21,996			$	41,082			$	212,358			$	418,543

The following table details the balances in all other loan categories at December 31, 2019:

Legacy Loans (excludes loans acquired after January 1, 2009)

(000’s omitted)		Consumer Mortgage				Consumer Indirect				Consumer Direct				Home Equity				Total
Performing		$	1,984,533			$	1,107,183			$	175,900			$	312,235			$	3,579,851
Nonperforming			12,183				125				76				1,772				14,156
Total		$	1,996,716			$	1,107,308			$	175,976			$	314,007			$	3,594,007

Acquired Loans (includes loans acquired after January 1, 2009)

(000’s omitted)		Consumer Mortgage				Consumer Indirect				Consumer Direct				Home Equity				Total
Performing		$	431,523			$	5,723			$	8,350			$	71,668			$	517,264
Nonperforming			2,663				31				52				650				3,396
Total		$	434,186			$	5,754			$	8,402			$	72,318			$	520,660

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