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Allowance for Credit Losses (Tables)
 9 Months Ended
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