XML 42 R29.htm IDEA: XBRL DOCUMENT v3.21.1

Allowance for Credit Losses and Credit Quality of Loans (Tables)

3 Months Ended

Mar. 31, 2021

Allowance for Credit Losses and Credit Quality of Loans [Abstract]

Allowance for Loan Losses by Portfolio

The following table illustrate the changes in the allowance for credit losses by our portfolio segments:

(In thousands)		Commercial Loans				Consumer Loans				Residential				Total
Balance as of December 31, 2020		$	50,942			$	37,803			$	21,255			$	110,000
Charge-offs			(242	)			(4,348	)			(70	)			(4,660	)
Recoveries			118				2,075				263				2,456
Provision			(773	)			(950	)			(1,073	)			(2,796	)
Ending balance as of March 31, 2021		$	50,045			$	34,580			$	20,375			$	105,000
Balance as of January 1, 2020 (after adoption of ASC 326)		$	27,156			$	32,122			$	16,721			$	75,999
Charge-offs			(1,020	)			(6,891	)			(315	)			(8,226	)
Recoveries			228				2,235				124				2,587
Provision			15,848				10,080				3,712				29,640
Ending balance as of March 31, 2020		$	42,212			$	37,546			$	20,242			$	100,000

Past due and Nonperforming Loans by Loan Class

The following table sets forth information with regard to past due and nonperforming loans by loan segment:

(In thousands)		31-60 Days Past Due Accruing				61-90 Days Past Due Accruing				Greater Than 90 Days Past Due Accruing				Total Past Due Accruing				Nonaccrual				Current				Recorded Total Loans
As of March 31, 2021
Commercial loans:
C&I		$	1,985			$	402			$	-			$	2,387			$	4,994			$	1,145,359			$	1,152,740
CRE			374				291				74				739				19,512				2,430,963				2,451,214
PPP			-				-				-				-				-				536,494				536,494
Total commercial loans		$	2,359			$	693			$	74			$	3,126			$	24,506			$	4,112,816			$	4,140,448
Consumer loans:
Auto		$	4,365			$	847			$	503			$	5,715			$	1,789			$	865,474			$	872,978
Other consumer			2,867				1,830				1,109				5,806				286				633,245				639,337
Total consumer loans		$	7,232			$	2,677			$	1,612			$	11,521			$	2,075			$	1,498,719			$	1,512,315
Residential		$	1,096			$	339			$	469			$	1,904			$	16,818			$	1,961,974			$	1,980,696
Total loans		$	10,687			$	3,709			$	2,155			$	16,551			$	43,399			$	7,573,509			$	7,633,459

(In thousands)		31-60 Days Past Due Accruing				61-90 Days Past Due Accruing				Greater Than 90 Days Past Due Accruing				Total Past Due Accruing				Nonaccrual				Current				Recorded Total Loans
As of December 31, 2020
Commercial loans:
C&I		$	2,235			$	2,394			$	23			$	4,652			$	4,278			$	1,116,686			$	1,125,616
CRE			682				-				470				1,152				19,971				2,391,162				2,412,285
PPP			-				-				-				-				-				430,810				430,810
Total commercial loans		$	2,917			$	2,394			$	493			$	5,804			$	24,249			$	3,938,658			$	3,968,711
Consumer loans:
Auto		$	9,125			$	1,553			$	866			$	11,544			$	2,730			$	877,831			$	892,105
Other consumer			3,711				1,929				1,272				6,912				290				640,952				648,154
Total consumer loans		$	12,836			$	3,482			$	2,138			$	18,456			$	3,020			$	1,518,783			$	1,540,259
Residential		$	2,719			$	309			$	518			$	3,546			$	17,378			$	1,968,991			$	1,989,915
Total loans		$	18,472			$	6,185			$	3,149			$	27,806			$	44,647			$	7,426,432			$	7,498,885

Financing Receivable Credit Quality by Loan Class

The following tables illustrate the Company’s credit quality by loan class by vintage:

(In thousands)		2021				2020				2019				2018				2017				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
As of March 31, 2021
C&I
By internally assigned grade:
Pass		$	113,273			$	305,135			$	157,578			$	82,451			$	34,635			$	55,540			$	310,850			$	10,149			$	1,069,611
Special mention			13				15,988				6,099				4,576				4,149				4,001				17,420				-				52,246
Substandard			-				405				7,672				8,262				2,865				4,411				6,537				527				30,679
Doubtful			-				-				-				-				203				1				-				-				204
Total C&I		$	113,286			$	321,528			$	171,349			$	95,289			$	41,852			$	63,953			$	334,807			$	10,676			$	1,152,740
CRE
By internally assigned grade:
Pass		$	132,195			$	452,951			$	356,643			$	260,570			$	253,673			$	535,309			$	134,394			$	2,860			$	2,128,595
Special mention			-				2,544				41,189				7,508				54,121				88,045				1,293				-				194,700
Substandard			-				534				20,160				17,651				13,719				65,288				1,253				-				118,605
Doubtful			-				-				1,897				-				-				7,417				-				-				9,314
Total CRE		$	132,195			$	456,029			$	419,889			$	285,729			$	321,513			$	696,059			$	136,940			$	2,860			$	2,451,214
PPP
By internally assigned grade:
Pass		$	218,938			$	317,556			$	-			$	-			$	-			$	-			$	-			$	-			$	536,494
Total PPP		$	218,938			$	317,556			$	-			$	-			$	-			$	-			$	-			$	-			$	536,494
Auto
By payment activity:
Performing		$	98,666			$	183,147			$	280,077			$	173,240			$	94,084			$	41,451			$	21			$	-			$	870,686
Nonperforming			10				271				596				751				664				-				-				-				2,292
Total auto		$	98,676			$	183,418			$	280,673			$	173,991			$	94,748			$	41,451			$	21			$	-			$	872,978
Other consumer
By payment activity:
Performing		$	67,050			$	208,960			$	159,896			$	112,634			$	47,920			$	26,535			$	14,923			$	24			$	637,942
Nonperforming			-				197				467				344				239				121				10				17				1,395
Total other consumer		$	67,050			$	209,157			$	160,363			$	112,978			$	48,159			$	26,656			$	14,933			$	41			$	639,337
Residential
By payment activity:
Performing		$	67,100			$	233,363			$	204,995			$	204,255			$	173,135			$	808,168			$	259,861			$	12,532			$	1,963,409
Nonperforming			-				1,379				650				2,298				2,228				10,670				-				62				17,287
Total residential		$	67,100			$	234,742			$	205,645			$	206,553			$	175,363			$	818,838			$	259,861			$	12,594			$	1,980,696
Total loans		$	697,245			$	1,722,430			$	1,237,919			$	874,540			$	681,635			$	1,646,957			$	746,562			$	26,171			$	7,633,459

(In thousands)		2020				2019				2018				2017				2016				Prior				Revolving Loans Amortized Cost Basis				Revolving Loans Converted to Term				Total
As of December 31, 2020
C&I
By internally assigned grade:
Pass		$	331,921			$	182,329			$	91,230			$	41,856			$	32,625			$	32,609			$	322,674			$	412			$	1,035,656
Special mention			20,064				6,534				5,053				4,702				1,624				2,830				13,614				-				54,421
Substandard			338				6,364				10,219				3,388				791				4,272				9,945				14				35,331
Doubtful			-				-				-				207				-				1				-				-				208
Total C&I		$	352,323			$	195,227			$	106,502			$	50,153			$	35,040			$	39,712			$	346,233			$	426			$	1,125,616
CRE
By internally assigned grade:
Pass		$	469,919			$	361,187			$	256,154			$	271,874			$	212,197			$	383,690			$	113,128			$	4,034			$	2,072,183
Special mention			2,051				44,034				22,260				55,039				36,830				43,537				1,297				11,524				216,572
Substandard			536				5,307				18,298				15,691				6,018				62,168				1,501				4,642				114,161
Doubtful			-				1,897				-				-				-				7,472				-				-				9,369
Total CRE		$	472,506			$	412,425			$	296,712			$	342,604			$	255,045			$	496,867			$	115,926			$	20,200			$	2,412,285
PPP
By internally assigned grade:
Pass		$	430,810			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	430,810
Total PPP		$	430,810			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	430,810
Auto
By payment activity:
Performing		$	197,881			$	314,034			$	201,850			$	115,977			$	45,495			$	13,250			$	22			$	-			$	888,509
Nonperforming			359				1,140				1,135				525				437				-				-				-				3,596
Total auto		$	198,240			$	315,174			$	202,985			$	116,502			$	45,932			$	13,250			$	22			$	-			$	892,105
Other consumer
By payment activity:
Performing		$	234,628			$	178,411			$	127,549			$	55,676			$	14,255			$	17,414			$	18,588			$	71			$	646,592
Nonperforming			339				418				307				265				90				133				10				-				1,562
Total other consumer		$	234,967			$	178,829			$	127,856			$	55,941			$	14,345			$	17,547			$	18,598			$	71			$	648,154
Residential
By payment activity:
Performing		$	237,338			$	210,505			$	213,437			$	182,993			$	164,424			$	684,495			$	268,878			$	9,991			$	1,972,061
Nonperforming			1,245				659				2,318				2,535				902				10,195				-				-				17,854
Total residential		$	238,583			$	211,164			$	215,755			$	185,528			$	165,326			$	694,690			$	268,878			$	9,991			$	1,989,915
Total loans		$	1,927,429			$	1,312,819			$	949,810			$	750,728			$	515,688			$	1,262,066			$	749,657			$	30,688			$	7,498,885

Troubled Debt Restructurings on Financing Receivables

The following tables illustrate the recorded investment and number of modifications designated as TDRs, including the recorded investment in the loans prior to a modification and the recorded investment in the loans after restructuring:

		Three Months Ended March 31, 2021												Three Months Ended March 31, 2020
(Dollars in thousands)		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Consumer loans:
Auto			-			$	-			$	-				1			$	44			$	44
Total consumer loans			-			$	-			$	-				1			$	44			$	44
Residential			3			$	242			$	252				7			$	691			$	735
Total TDRs			3			$	242			$	252				8			$	735			$	779

The following table illustrates the recorded investment and number of modifications for TDRs where a concession has been made and subsequently defaulted during the period:

		Three Months Ended March 31, 2021								Three Months Ended March 31, 2020
(Dollars in thousands)		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Commercial loans:
C&I			-			$	-				1			$	387
Total commercial loans			-			$	-				1			$	387
Consumer loans:
Auto			2			$	18				-			$	-
Total consumer loans			2			$	18				-			$	-
Residential			17			$	624				16			$	803
Total TDRs			19			$	642				17			$	1,190

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 http://asc.fasb.org/extlink&oid=121611835&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 http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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 http://asc.fasb.org/extlink&oid=121599337&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 http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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 http://asc.fasb.org/extlink&oid=121599337&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 http://asc.fasb.org/extlink&oid=121611835&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 http://asc.fasb.org/extlink&oid=121647567&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 http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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 http://asc.fasb.org/extlink&oid=121611835&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 http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration