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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Allowance for Credit Losses [Abstract]  
Gross Loan and Allowance for Credit Losses

 

Quarter Ended June 30, 2020

 

Commercial

 

Mortgage

 

Consumer

 

Auto

 

Total

 

(In thousands)

Non-PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

49,196

 

$

19,694

 

$

27,763

 

$

53,308

 

$

149,961

Provision for credit losses

 

(6,319)

 

 

455

 

 

7,935

 

 

13,156

 

 

15,227

Charge-offs

 

(497)

 

 

(185)

 

 

(4,187)

 

 

(13,300)

 

 

(18,169)

Recoveries

 

631

 

 

9

 

 

443

 

 

3,405

 

 

4,488

Balance at end of period

$

43,011

 

$

19,973

 

$

31,954

 

$

56,569

 

$

151,507

PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

48,836

 

$

30,603

 

$

177

 

$

1,178

 

$

80,794

Provision for credit losses

 

177

 

 

1,915

 

 

(8)

 

 

385

 

 

2,469

Charge-offs

 

(386)

 

 

(2,178)

 

 

(30)

 

 

(600)

 

 

(3,194)

Recoveries

 

286

 

 

580

 

 

30

 

 

229

 

 

1,125

Balance at end of period

$

48,913

 

$

30,920

 

$

169

 

$

1,192

 

$

81,194

Total allowance for credit losses at end of period

$

91,924

 

$

50,893

 

$

32,123

 

$

57,761

 

$

232,701

 

Six-Month Period Ended June 30, 2020

 

Commercial

 

Mortgage

 

Consumer

 

Auto

 

Total

 

(In thousands)

Non-PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

25,993

 

$

8,727

 

$

18,446

 

$

31,878

 

$

85,044

Impact of ASC 326 adoption

 

3,562

 

 

10,980

 

 

8,418

 

 

16,238

 

 

39,198

Provision for credit losses

 

15,571

 

 

611

 

 

14,205

 

 

27,190

 

 

57,577

Charge-offs

 

(4,268)

 

 

(603)

 

 

(10,202)

 

 

(26,353)

 

 

(41,426)

Recoveries

 

2,153

 

 

258

 

 

1,087

 

 

7,616

 

 

11,114

Balance at end of period

$

43,011

 

$

19,973

 

$

31,954

 

$

56,569

 

$

151,507

PCD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

8,893

 

$

21,655

 

$

-

 

$

947

 

$

31,495

Impact of ASC 326 adoption

 

42,143

 

 

7,830

 

 

181

 

 

368

 

 

50,522

Provision for credit losses

 

(41)

 

 

8,054

 

 

356

 

 

280

 

 

8,649

Charge-offs

 

(2,743)

 

 

(7,321)

 

 

(461)

 

 

(975)

 

 

(11,500)

Recoveries

 

661

 

 

702

 

 

93

 

 

572

 

 

2,028

Balance at end of period

$

48,913

 

$

30,920

 

$

169

 

$

1,192

 

$

81,194

Total allowance for credit losses at end of period

$

91,924

 

$

50,893

 

$

32,123

 

$

57,761

 

$

232,701

 

Quarter Ended June 30, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Auto and Leasing

 

Total

 

(In thousands)

Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

16,689

 

$

32,186

 

$

17,954

 

$

29,174

 

$

96,003

Provision (recapture) for credit losses

 

(1,040)

 

 

(874)

 

 

4,361

 

 

6,169

 

 

8,616

Charge-offs

 

(604)

 

 

(2,226)

 

 

(5,272)

 

 

(10,728)

 

 

(18,830)

Recoveries

 

316

 

 

179

 

 

405

 

 

4,948

 

 

5,848

Balance at end of period

$

15,361

 

$

29,265

 

$

17,448

 

$

29,563

 

$

91,637

Allowance for loan and lease losses for acquired loans accounted for under ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

33,011

 

$

29,975

 

$

-

 

$

3,499

 

$

66,485

Provision (recapture) for credit losses

 

9,892

 

 

(803)

 

 

-

 

 

-

 

 

9,089

Allowance de-recognition

 

(482)

 

 

(3,724)

 

 

-

 

 

(363)

 

 

(4,569)

Balance at end of period

$

42,421

 

$

25,448

 

$

-

 

$

3,136

 

$

71,005

Total allowance for loan and lease losses at end of period

$

57,782

 

$

54,713

 

$

17,448

 

$

32,699

 

$

162,642

 

Six-Month Period Ended June 30, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Auto and Leasing

 

Total

 

(In thousands)

Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

19,783

 

$

30,348

 

$

17,476

 

$

29,643

 

$

97,250

Provision (recapture) for credit losses

 

(3,834)

 

 

1,901

 

 

9,095

 

 

13,086

 

 

20,248

Charge-offs

 

(1,191)

 

 

(3,312)

 

 

(9,831)

 

 

(22,185)

 

 

(36,519)

Recoveries

 

603

 

 

328

 

 

708

 

 

9,019

 

 

10,658

Balance at end of period

$

15,361

 

$

29,265

 

$

17,448

 

$

29,563

 

$

91,637

Allowance for loan and lease losses for acquired loans accounted for under ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

$

30,607

 

$

30,226

 

$

4

 

$

6,144

 

$

66,981

Provision (recapture) for credit losses

 

12,423

 

 

(403)

 

 

-

 

 

(2,314)

 

 

9,706

Allowance de-recognition

 

(609)

 

 

(4,375)

 

 

(4)

 

 

(694)

 

 

(5,682)

Balance at end of period

$

42,421

 

$

25,448

 

$

-

 

$

3,136

 

$

71,005

Total allowance for loan and lease losses at end of period

$

57,782

 

$

54,713

 

$

17,448

 

$

32,699

 

$

162,642

 

December 31, 2019

 

Mortgage

 

Commercial

 

Consumer

 

Auto and Leasing

 

Total

 

(In thousands)

Allowance for loan and lease losses, excluding loans accounted for under ASC 310-30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable

to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

6,874

 

$

8,217

 

$

-

 

$

-

 

$

15,091

Collectively evaluated for impairment

 

1,853

 

 

17,776

 

 

18,446

 

 

31,878

 

 

69,953

Total ending allowance balance

$

8,727

 

$

25,993

 

$

18,446

 

$

31,878

 

$

85,044

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

71,196

 

$

61,128

 

$

-

 

$

-

 

$

132,324

Collectively evaluated for impairment

 

506,220

 

 

1,608,507

 

 

382,432

 

 

1,277,867

 

 

3,775,026

Total ending loan balance

$

577,416

 

$

1,669,635

 

$

382,432

 

$

1,277,867

 

$

3,907,350