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Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Allowance for Credit Losses [Abstract] |
Gross Loan and Allowance for Credit Losses |
| Quarter Ended September 30, 2020
| Commercial |  | Mortgage |  | Consumer |  | Auto |  | Total
| (In thousands)
Non-PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 43,011 |  | $ | 19,973 |  | $ | 31,954 |  | $ | 56,569 |  | $ | 151,507
Provision for credit losses |  | (1,771) |  |  | (564) |  |  | (378) |  |  | 16,071 |  |  | 13,358
Charge-offs |  | (298) |  |  | (56) |  |  | (5,114) |  |  | (10,123) |  |  | (15,591)
Recoveries |  | 253 |  |  | 269 |  |  | 663 |  |  | 5,950 |  |  | 7,135
Balance at end of period | $ | 41,195 |  | $ | 19,622 |  | $ | 27,125 |  | $ | 68,467 |  | $ | 156,409
PCD: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 48,913 |  | $ | 30,920 |  | $ | 169 |  | $ | 1,192 |  | $ | 81,194
Provision for credit losses |  | (1,262) |  |  | 1,077 |  |  | - |  |  | 9 |  |  | (176)
Charge-offs |  | (293) |  |  | (1,677) |  |  | (60) |  |  | (474) |  |  | (2,504)
Recoveries |  | 91 |  |  | 89 |  |  | (1) |  |  | 211 |  |  | 390
Balance at end of period | $ | 47,449 |  | $ | 30,409 |  | $ | 108 |  | $ | 938 |  | $ | 78,904
Total allowance for credit losses at end of period | $ | 88,644 |  | $ | 50,031 |  | $ | 27,233 |  | $ | 69,405 |  | $ | 235,313
| Nine-Month Period Ended September 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 |  | 13,799 |  |  | 47 |  |  | 13,827 |  |  | 43,261 |  |  | 70,934
Charge-offs |  | (4,566) |  |  | (659) |  |  | (15,316) |  |  | (36,476) |  |  | (57,017)
Recoveries |  | 2,407 |  |  | 527 |  |  | 1,750 |  |  | 13,566 |  |  | 18,250
Balance at end of period | $ | 41,195 |  | $ | 19,622 |  | $ | 27,125 |  | $ | 68,467 |  | $ | 156,409
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 |  | (1,303) |  |  | 9,131 |  |  | 356 |  |  | 289 |  |  | 8,473
Charge-offs |  | (3,036) |  |  | (8,998) |  |  | (521) |  |  | (1,449) |  |  | (14,004)
Recoveries |  | 752 |  |  | 791 |  |  | 92 |  |  | 783 |  |  | 2,418
Balance at end of period | $ | 47,449 |  | $ | 30,409 |  | $ | 108 |  | $ | 938 |  | $ | 78,904
Total allowance for credit losses at end of period | $ | 88,644 |  | $ | 50,031 |  | $ | 27,233 |  | $ | 69,405 |  | $ | 235,313
| Quarter Ended September 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 | $ | 15,361 |  | $ | 29,265 |  | $ | 17,448 |  | $ | 29,563 |  | $ | 91,637
Provision (recapture) for credit losses |  | 8,836 |  |  | 1,324 |  |  | 3,181 |  |  | 10,087 |  |  | 23,428
Charge-offs |  | (16,299) |  |  | (8,421) |  |  | (5,316) |  |  | (12,383) |  |  | (42,419)
Recoveries |  | 493 |  |  | 175 |  |  | 1,463 |  |  | 5,802 |  |  | 7,933
Balance at end of period | $ | 8,391 |  | $ | 22,343 |  | $ | 16,776 |  | $ | 33,069 |  | $ | 80,579
Allowance for loan and lease losses for acquired loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 42,421 |  | $ | 25,448 |  | $ | - |  | $ | 3,136 |  | $ | 71,005
Provision (recapture) for credit losses |  | 8,906 |  |  | 11,832 |  |  | - |  |  | (396) |  |  | 20,342
Allowance de-recognition |  | (17,060) |  |  | (72) |  |  | - |  |  | (451) |  |  | (17,583)
Balance at end of period | $ | 34,267 |  | $ | 37,208 |  | $ | - |  | $ | 2,289 |  | $ | 73,764
Total allowance for loan and lease losses at end of period | $ | 42,658 |  | $ | 59,551 |  | $ | 16,776 |  | $ | 35,358 |  | $ | 154,343
| Nine-Month Period Ended September 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 |  | 5,002 |  |  | 3,225 |  |  | 12,277 |  |  | 23,171 |  |  | 43,675
Charge-offs |  | (17,490) |  |  | (11,733) |  |  | (15,148) |  |  | (34,567) |  |  | (78,938)
Recoveries |  | 1,096 |  |  | 503 |  |  | 2,171 |  |  | 14,822 |  |  | 18,592
Balance at end of period | $ | 8,391 |  | $ | 22,343 |  | $ | 16,776 |  | $ | 33,069 |  | $ | 80,579
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 |  | 21,330 |  |  | 11,429 |  |  | - |  |  | (2,710) |  |  | 30,049
Allowance de-recognition |  | (17,670) |  |  | (4,447) |  |  | (4) |  |  | (1,145) |  |  | (23,266)
Balance at end of period | $ | 34,267 |  | $ | 37,208 |  | $ | - |  | $ | 2,289 |  | $ | 73,764
Total allowance for loan and lease losses at end of period | $ | 42,658 |  | $ | 59,551 |  | $ | 16,776 |  | $ | 35,358 |  | $ | 154,343
| 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

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- 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=118936363&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=119407570&loc=SL82919249-210447 + Details
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