Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans The period end loan composition was as follows: ($ in thousands) Mar 31, 2023 Dec 31, 2022 Asset-based lending & equipment finance $ 522,834 $ 458,887 Commercial and industrial 9,346,947 9,300,567 Commercial real estate — owner occupied 1,050,236 991,722 Commercial and business lending 10,920,017 10,751,176 Commercial real estate — investor 5,094,249 5,080,344 Real estate construction 2,147,070 2,155,222 Commercial real estate lending 7,241,318 7,235,565 Total commercial 18,161,335 17,986,742 Residential mortgage 8,605,164 8,511,550 Auto finance 1,551,538 1,382,073 Home equity 609,787 624,353 Other consumer 279,248 294,851 Total consumer 11,045,737 10,812,828 Total loans $ 29,207,072 $ 28,799,569 Accrued interest receivable on loans totaled $119 million at March 31, 2023, and $113 million at December 31, 2022, and is included in interest receivable on the consolidated balance sheets. Interest accrued but not received for loans placed on nonaccrual is reversed against interest income. The amount of accrued interest reversed was immaterial at both the three months ended March 31, 2023 and 2022. The following table presents loans by credit quality indicator by origination year at March 31, 2023: Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis YTD 2023 2022 2021 2020 2019 Prior Total Asset-based lending & equipment finance: Risk rating: Pass $ — $ 60,256 $ 55,535 $ 262,074 $ 125,609 $ 1,420 $ 543 $ — $ 505,437 Potential Problem — — — 1,396 — 16,000 — — 17,396 Asset-based lending & equipment finance $ — $ 60,256 $ 55,535 $ 263,471 $ 125,609 $ 17,420 $ 543 $ — $ 522,834 Commercial and industrial: Risk rating: Pass $ 71 $ 2,003,455 $ 332,572 $ 2,872,816 $ 2,101,488 $ 467,455 $ 558,852 $ 685,216 $ 9,021,853 Special Mention — 86,593 — 30,540 31,161 2,913 — 33,501 184,709 Potential Problem 128 39,951 6,145 34,388 27,494 4,675 132 4,865 117,650 Nonaccrual 9,500 — — 4,707 9,500 8,528 — — 22,735 Commercial and industrial $ 9,698 $ 2,130,000 $ 338,716 $ 2,942,451 $ 2,169,643 $ 483,571 $ 558,983 $ 723,583 $ 9,346,947 Commercial real estate - owner occupied: Risk rating: Pass $ — $ 22,344 $ 87,095 $ 205,922 $ 234,300 $ 150,009 $ 152,649 $ 151,106 $ 1,003,424 Special Mention — — — — — 3,483 9,500 274 13,257 Potential Problem — — 2,812 877 11,651 4,064 518 12,156 32,077 Nonaccrual 8 — 8 1,470 — — — — 1,478 Commercial real estate - owner occupied $ 8 $ 22,344 $ 89,914 $ 208,269 $ 245,950 $ 157,555 $ 162,667 $ 163,536 $ 1,050,236 Commercial and business lending: Risk rating: Pass $ 71 $ 2,086,055 $ 475,201 $ 3,340,812 $ 2,461,397 $ 618,883 $ 712,044 $ 836,323 $ 10,530,715 Special Mention — 86,593 — 30,540 31,161 6,396 9,500 33,775 197,965 Potential Problem 128 39,951 8,956 36,661 39,145 24,739 649 17,021 167,124 Nonaccrual 9,508 — 8 6,177 9,500 8,528 — — 24,213 Commercial and business lending $ 9,707 $ 2,212,600 $ 484,166 $ 3,414,190 $ 2,541,203 $ 658,546 $ 722,194 $ 887,119 $ 10,920,017 Commercial real estate - investor: Risk rating: Pass $ — $ 118,873 $ 324,298 $ 1,506,258 $ 1,375,935 $ 612,765 $ 489,024 $ 411,246 $ 4,838,398 Special Mention — — 18,454 92,149 22,247 8,225 — — 141,075 Potential Problem — — 24,803 22,047 22,209 — 1,019 19,575 89,653 Nonaccrual — — — — 24,855 — — 267 25,122 Commercial real estate - investor $ — $ 118,873 $ 367,555 $ 1,620,454 $ 1,445,246 $ 620,991 $ 490,042 $ 431,088 $ 5,094,249 Real estate construction: Risk rating: Pass $ — $ 29,616 $ 34,604 $ 1,025,918 $ 812,505 $ 197,722 $ 7,510 $ 11,059 $ 2,118,934 Special Mention — — — — — 12,308 15,651 — 27,958 Nonaccrual — — — — — — — 178 178 Real estate construction $ — $ 29,616 $ 34,604 $ 1,025,918 $ 812,505 $ 210,030 $ 23,160 $ 11,237 $ 2,147,070 Commercial real estate lending: Risk rating: Pass $ — $ 148,489 $ 358,901 $ 2,532,176 $ 2,188,440 $ 810,487 $ 496,533 $ 422,305 $ 6,957,332 Special Mention — — 18,454 92,149 22,247 20,533 15,651 — 169,033 Potential Problem — — 24,803 22,047 22,209 — 1,019 19,575 89,653 Nonaccrual — — — — 24,855 — — 445 25,300 Commercial real estate lending $ — $ 148,489 $ 402,159 $ 2,646,372 $ 2,257,752 $ 831,020 $ 513,203 $ 442,325 $ 7,241,318 Total commercial: Risk rating: Pass $ 71 $ 2,234,544 $ 834,103 $ 5,872,988 $ 4,649,837 $ 1,429,370 $ 1,208,578 $ 1,258,628 $ 17,488,047 Special Mention — 86,593 18,454 122,689 53,408 26,929 25,151 33,775 366,999 Potential Problem 128 39,951 33,760 58,708 61,354 24,739 1,668 36,596 256,776 Nonaccrual 9,508 — 8 6,177 34,355 8,528 — 445 49,513 Total commercial $ 9,707 $ 2,361,089 $ 886,324 $ 6,060,562 $ 4,798,955 $ 1,489,566 $ 1,235,396 $ 1,329,444 $ 18,161,335 Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis YTD 2023 2022 2021 2020 2019 Prior Total Residential mortgage: Risk rating: Pass $ — $ — $ 85,201 $ 1,490,848 $ 2,221,515 $ 1,687,853 $ 798,205 $ 2,261,293 $ 8,544,915 Special Mention — — 91 — — 95 — 105 291 Potential Problem — — 45 216 548 — 551 323 1,684 Nonaccrual — — 279 7,384 4,101 8,394 4,356 33,760 58,274 Residential mortgage $ — $ — $ 85,616 $ 1,498,448 $ 2,226,164 $ 1,696,342 $ 803,113 $ 2,295,481 $ 8,605,164 Auto finance: Risk rating: Pass $ — $ — $ 239,138 $ 1,208,658 $ 98,290 $ 299 $ 1,020 $ 388 $ 1,547,793 Special Mention — — — 1,168 141 — — — 1,310 Nonaccrual — — — 1,952 474 — 9 — 2,436 Auto finance $ — $ — $ 239,138 $ 1,211,778 $ 98,906 $ 299 $ 1,029 $ 388 $ 1,551,538 Home equity: Risk rating: Pass $ 2,173 $ 495,755 $ 230 $ 31,083 $ 6,835 $ 2,243 $ 5,732 $ 59,670 $ 601,549 Special Mention 18 124 — — — — 29 594 747 Potential Problem 14 — 14 196 — — 34 — 244 Nonaccrual 388 20 — 303 106 131 252 6,434 7,246 Home equity $ 2,592 $ 495,900 $ 244 $ 31,583 $ 6,941 $ 2,374 $ 6,047 $ 66,698 $ 609,787 Other consumer: Risk rating: Pass $ 90 $ 190,219 $ 1,860 $ 5,279 $ 4,017 $ 1,922 $ 849 $ 74,324 $ 278,471 Special Mention 1 617 — 13 11 3 10 23 676 Nonaccrual — 44 — — 7 6 6 36 100 Other consumer $ 91 $ 190,881 $ 1,860 $ 5,292 $ 4,035 $ 1,930 $ 866 $ 74,384 $ 279,248 Total consumer: Risk rating: Pass $ 2,263 $ 685,974 $ 326,429 $ 2,735,869 $ 2,330,657 $ 1,692,318 $ 805,806 $ 2,395,676 $ 10,972,729 Special Mention 19 742 91 1,181 152 98 39 722 3,024 Potential Problem 14 — 59 413 548 — 585 323 1,928 Nonaccrual 388 65 279 9,639 4,688 8,530 4,624 40,231 68,056 Total consumer $ 2,683 $ 686,781 $ 326,858 $ 2,747,101 $ 2,336,046 $ 1,700,946 $ 811,054 $ 2,436,951 $ 11,045,737 Total loans: Risk rating: Pass $ 2,334 $ 2,920,518 $ 1,160,532 $ 8,608,857 $ 6,980,494 $ 3,121,688 $ 2,014,384 $ 3,654,303 $ 28,460,776 Special Mention 19 87,335 18,545 123,869 53,560 27,027 25,189 34,497 370,023 Potential Problem 141 39,951 33,818 59,120 61,903 24,739 2,253 36,919 258,704 Nonaccrual 9,896 65 287 15,816 39,044 17,058 4,624 40,675 117,569 Total loans $ 12,390 $ 3,047,870 $ 1,213,182 $ 8,807,663 $ 7,135,000 $ 3,190,512 $ 2,046,450 $ 3,766,395 $ 29,207,072 (a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination. The following table presents loans by credit quality indicator by origination year at December 31, 2022: Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis 2022 2021 2020 2019 2018 Prior Total Asset-based lending & equipment finance: Risk rating: Pass $ — $ 47,446 $ 269,258 $ 121,914 $ 1,832 $ 653 $ 85 $ — $ 441,189 Potential Problem — — 1,448 — 16,250 — — — 17,698 Asset-based lending & equipment finance: $ — $ 47,446 $ 270,706 $ 121,914 $ 18,082 $ 653 $ 85 $ — $ 458,887 Commercial and industrial: Risk rating: Pass $ 1,423 $ 1,891,331 $ 2,976,288 $ 2,245,094 $ 566,001 $ 572,467 $ 330,557 $ 432,906 $ 9,014,644 Special Mention — 93,209 3,411 23,607 — — 19 32,497 152,744 Potential Problem 447 24,549 39,952 4,193 5,637 38,169 218 6,133 118,851 Nonaccrual 3,926 — 5,210 — 9,119 — — — 14,329 Commercial and industrial $ 5,796 $ 2,009,089 $ 3,024,861 $ 2,272,895 $ 580,757 $ 610,636 $ 330,794 $ 471,535 $ 9,300,567 Commercial real estate - owner occupied: Risk rating: Pass $ — $ 12,447 $ 211,645 $ 225,627 $ 163,965 $ 160,370 $ 73,487 $ 97,420 $ 944,961 Special Mention — — — — 1,136 1,491 9,713 — 12,339 Potential Problem — 1,325 1,238 11,141 5,523 10,769 370 4,055 34,422 Commercial real estate - owner occupied $ — $ 13,772 $ 212,883 $ 236,769 $ 170,624 $ 172,630 $ 83,570 $ 101,475 $ 991,722 Commercial and business lending: Risk rating: Pass $ 1,423 $ 1,951,224 $ 3,457,191 $ 2,592,636 $ 731,798 $ 733,490 $ 404,129 $ 530,326 $ 10,400,794 Special Mention — 93,209 3,411 23,607 1,136 1,491 9,732 32,497 165,083 Potential Problem 447 25,874 42,638 15,335 27,410 48,938 589 10,188 170,971 Nonaccrual 3,926 — 5,210 — 9,119 — — — 14,329 Commercial and business lending $ 5,796 $ 2,070,307 $ 3,508,450 $ 2,631,578 $ 769,463 $ 783,919 $ 414,449 $ 573,010 $ 10,751,176 Commercial real estate - investor: Risk rating: Pass $ 38,412 $ 106,280 $ 1,633,094 $ 1,419,000 $ 683,121 $ 530,444 $ 262,858 $ 210,299 $ 4,845,096 Special Mention — — 61,968 24,149 7,361 9,400 — 10,455 113,333 Potential Problem — — 16,147 21,303 27,635 1,333 19,017 7,099 92,535 Nonaccrual — — 2,177 25,668 — — — 1,535 29,380 Commercial real estate - investor $ 38,412 $ 106,280 $ 1,713,387 $ 1,490,120 $ 718,117 $ 541,177 $ 281,875 $ 229,387 $ 5,080,344 Real estate construction: Risk rating: Pass $ — $ 29,892 $ 900,593 $ 913,107 $ 241,230 $ 12,062 $ 2,226 $ 9,775 $ 2,108,885 Special Mention — — — — 12,174 33,087 — — 45,261 Potential Problem — — — — 970 — — — 970 Nonaccrual — — — — — — — 105 105 Real estate construction $ — $ 29,892 $ 900,593 $ 913,107 $ 254,374 $ 45,149 $ 2,226 $ 9,880 $ 2,155,222 Commercial real estate lending: Risk rating: Pass $ 38,412 $ 136,173 $ 2,533,687 $ 2,332,107 $ 924,351 $ 542,505 $ 265,083 $ 220,073 $ 6,953,981 Special Mention — — 61,968 24,149 19,535 42,487 — 10,455 158,595 Potential Problem — — 16,147 21,303 28,605 1,333 19,017 7,099 93,505 Nonaccrual — — 2,177 25,668 — — — 1,640 29,485 Commercial real estate lending $ 38,412 $ 136,173 $ 2,613,980 $ 2,403,227 $ 972,492 $ 586,326 $ 284,101 $ 239,267 $ 7,235,565 Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis 2022 2021 2020 2019 2018 Prior Total Total commercial: Risk rating: Pass $ 39,835 $ 2,087,396 $ 5,990,879 $ 4,924,743 $ 1,656,149 $ 1,275,996 $ 669,213 $ 750,399 $ 17,354,774 Special Mention — 93,209 65,379 47,756 20,671 43,978 9,732 42,952 323,677 Potential Problem 447 25,874 58,785 36,638 56,016 50,271 19,606 17,287 264,476 Nonaccrual 3,926 — 7,387 25,668 9,119 — — 1,640 43,814 Total commercial $ 44,208 $ 2,206,480 $ 6,122,430 $ 5,034,805 $ 1,741,955 $ 1,370,245 $ 698,550 $ 812,278 $ 17,986,742 Residential mortgage: Risk rating: Pass $ — $ — $ 1,410,566 $ 2,184,125 $ 1,716,663 $ 817,164 $ 370,724 $ 1,951,406 $ 8,450,648 Special Mention — — — 284 96 — — 63 444 Potential Problem — — 455 71 — 738 29 685 1,978 Nonaccrual — — 8,506 3,851 6,219 3,744 5,014 31,145 58,480 Residential mortgage $ — $ — $ 1,419,527 $ 2,188,332 $ 1,722,979 $ 821,645 $ 375,768 $ 1,983,299 $ 8,511,550 Auto finance: Risk rating: Pass $ — $ — $ 1,271,205 $ 106,102 $ 333 $ 1,267 $ 446 $ 61 $ 1,379,414 Special Mention — — 1,052 118 — — — — 1,170 Nonaccrual — — 1,149 331 — 9 — — 1,490 Auto finance $ — $ — $ 1,273,406 $ 106,551 $ 333 $ 1,276 $ 446 $ 61 $ 1,382,073 Home equity: Risk rating: Pass $ 7,254 $ 508,212 $ 31,389 $ 6,508 $ 2,112 $ 6,197 $ 6,966 $ 54,827 $ 616,211 Special Mention 47 102 — — — — 47 310 458 Potential Problem — 15 — — — 34 2 146 197 Nonaccrual 1,590 — 306 102 131 307 319 6,322 7,487 Home equity $ 8,891 $ 508,329 $ 31,695 $ 6,610 $ 2,243 $ 6,538 $ 7,333 $ 61,605 $ 624,353 Other consumer: Risk rating: Pass $ 64 $ 199,942 $ 7,429 $ 5,256 $ 2,468 $ 1,238 $ 174 $ 77,611 $ 294,117 Special Mention 6 490 11 — 5 5 — 25 537 Nonaccrual 78 56 11 21 10 56 10 34 197 Other consumer $ 147 $ 200,488 $ 7,452 $ 5,276 $ 2,482 $ 1,300 $ 184 $ 77,670 $ 294,851 Total consumer: Risk rating: Pass $ 7,318 $ 708,154 $ 2,720,589 $ 2,301,991 $ 1,721,576 $ 825,866 $ 378,310 $ 2,083,904 $ 10,740,390 Special Mention 52 592 1,063 403 101 5 47 398 2,609 Potential Problem — 15 455 71 — 772 31 831 2,175 Nonaccrual 1,668 56 9,973 4,304 6,360 4,116 5,343 37,501 67,654 Total consumer $ 9,038 $ 708,817 $ 2,732,080 $ 2,306,769 $ 1,728,037 $ 830,759 $ 383,731 $ 2,122,635 $ 10,812,828 Total loans: Risk rating: Pass $ 47,152 $ 2,795,551 $ 8,711,468 $ 7,226,734 $ 3,377,725 $ 2,101,861 $ 1,047,522 $ 2,834,303 $ 28,095,164 Special Mention 52 93,801 66,443 48,159 20,772 43,983 9,778 43,350 326,286 Potential Problem 447 25,889 59,240 36,709 56,016 51,043 19,637 18,118 266,651 Nonaccrual 5,595 56 17,360 29,972 15,479 4,116 5,343 39,141 111,467 Total loans $ 53,246 $ 2,915,297 $ 8,854,510 $ 7,341,574 $ 3,469,992 $ 2,201,004 $ 1,082,280 $ 2,934,912 $ 28,799,569 (a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination. The following table presents gross charge offs by origination year at March 31, 2023: Gross Charge Offs by Origination Year ($ in thousands) Rev Loans Amortized Cost Basis YTD 2023 2022 2021 2020 2019 Prior Total Commercial and industrial $ 823 $ — $ — $ — $ — $ — $ 2,152 $ 2,975 Commercial and business lending 823 — — — — — 2,152 2,975 Total commercial 823 — — — — — 2,152 2,975 Residential mortgage — — 107 19 8 2 32 168 Auto finance — — 922 181 — — — 1,103 Home equity — — 43 14 — 22 33 111 Other consumer 916 — 117 49 9 5 48 1,144 Total consumer 916 — 1,189 263 17 29 112 2,525 Total gross charge offs $ 1,739 $ — $ 1,189 $ 263 $ 17 $ 29 $ 2,264 $ 5,501 Factors that are important to managing overall credit quality are sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, and appropriate policies for ACLL, nonaccrual loans, and charge offs. For commercial loans, management has determined the pass credit quality indicator to include credits exhibiting acceptable financial statements, cash flow, and leverage. If any risk exists, it is mitigated by the loan structure, collateral, monitoring, or control. For consumer loans, performing loans include credits performing in accordance with the original contractual terms. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Special mention credits have potential weaknesses that warrant specific attention from management. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit. Accruing loan modifications could be pass or special mention, depending on the risk rating on the loan. Potential problem loans are considered inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged. These loans generally have a well-defined weakness, or weaknesses, which may jeopardize liquidation of the debt, and are characterized by the distinct possibility the Corporation will sustain some loss if the deficiencies are not corrected. Management has determined commercial loan relationships in nonaccrual status, and commercial and consumer loan relationships with their terms restructured in a loan modification, meet the criteria to be individually evaluated. Commercial loans classified as special mention, potential problem, and nonaccrual are reviewed at a minimum on a quarterly basis, while pass credits, which are performing rated credits, are generally reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted. The following table presents loans by past due status at March 31, 2023: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Asset-based lending & equipment finance $ 522,834 $ — $ — $ — $ — $ 522,834 Commercial and industrial 9,319,650 4,110 130 323 22,735 9,346,947 Commercial real estate - owner occupied 1,045,803 2,955 — — 1,478 1,050,236 Commercial and business lending 10,888,287 7,065 130 323 24,213 10,920,017 Commercial real estate - investor 5,069,126 — — — 25,122 5,094,249 Real estate construction 2,146,892 — — — 178 2,147,070 Commercial real estate lending 7,216,018 — — — 25,300 7,241,318 Total commercial 18,104,305 7,065 130 323 49,513 18,161,335 Residential mortgage 8,539,264 7,430 196 — 58,274 8,605,164 Auto finance 1,540,463 7,330 1,310 — 2,436 1,551,538 Home equity 598,427 3,366 747 — 7,246 609,787 Other consumer 276,045 976 747 1,380 100 279,248 Total consumer 10,954,199 19,102 3,000 1,380 68,056 11,045,737 Total loans $ 29,058,504 $ 26,167 $ 3,130 $ 1,703 $ 117,569 $ 29,207,072 (a) Of the total nonaccrual loans, $78 million, or 66%, were current with respect to payment at March 31, 2023. (b) No interest income was recognized on nonaccrual loans for the three months ended March 31, 2023. In addition, there were $15 million of nonaccrual loans for which there was no related ACLL at March 31, 2023. The following table presents loans by past due status at December 31, 2022: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Asset-based lending & equipment finance $ 458,887 $ — $ — $ — $ — $ 458,887 Commercial and industrial 9,279,674 716 5,566 282 14,329 9,300,567 Commercial real estate - owner occupied 991,493 218 12 — — 991,722 Commercial and business lending 10,730,053 934 5,578 282 14,329 10,751,176 Commercial real estate - investor 5,049,897 1,067 — — 29,380 5,080,344 Real estate construction 2,155,077 39 — — 105 2,155,222 Commercial real estate lending 7,204,975 1,105 — — 29,485 7,235,565 Total commercial 17,935,028 2,040 5,578 282 43,814 17,986,742 Residential mortgage 8,443,072 9,811 63 124 58,480 8,511,550 Auto finance 1,371,176 8,238 1,170 — 1,490 1,382,073 Home equity 611,259 5,149 458 — 7,487 624,353 Other consumer 291,722 1,018 592 1,322 197 294,851 Total consumer 10,717,229 24,216 2,283 1,446 67,654 10,812,828 Total loans $ 28,652,257 $ 26,256 $ 7,861 $ 1,728 $ 111,467 $ 28,799,569 (a) Of the total nonaccrual loans, $64 million, or 58%, were current with respect to payment at December 31, 2022. (b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2022. In addition, there were $11 million of nonaccrual loans for which there was no related ACLL at December 31, 2022. Loan Modifications and Troubled Debt Restructurings Under ASU 2022-02, effective January 1, 2023, loan modifications are reported if concessions have been granted to borrowers that are experiencing financial difficulty. Information on these loan modifications originated after the effective date is presented according to the new accounting guidance. Reporting periods prior to the adoption of ASU 2022-02 present information on TDRs under the previous disclosure requirements. The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the three months ended March 31, 2023. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at March 31, 2023. Interest Rate Concession ($ in thousands) Amortized Cost Commercial and industrial $ 47 Auto 61 Home equity 31 Other consumer 498 Total loans modified $ 637 Term Extension ($ in thousands) Amortized Cost Residential mortgage $ 209 Total loans modified $ 209 Combination - Interest Rate Concession and Term Extension ($ in thousands) Amortized Cost Residential mortgage $ 165 Home equity 93 Total loans modified $ 258 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans as of March 31, 2023: Interest Rate Concession Loan Type Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase (a) Commercial and industrial (16) % Auto (2) % Home equity 1 % Other consumer (20) % Total loans modified (b) (17) % (a) Due to market conditions, some interest rate concessions on floating rate loans may involve an increase in rate that was lower in comparison to the rate of increase for floating rate loans not modified. (b) During the three months ended March 31, 2023, interest rate concessions changed the weighted average interest rate on modified loans from 22% to 5%, which primarily consisted of credit cards. Term Extension Loan Type Financial Effect, Weighted Average Term Increase (a) Residential mortgage 26 months Total loans modified 26 months (a) During the three months ended March 31, 2023, term extensions changed the weighted average term on modified loans from 334 months to 360 months. The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last three months at March 31, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-89 Days Past Due 90+ Days Past Due Nonaccrual Commercial and industrial $ 47 $ — $ — $ — Residential mortgage 126 — — 248 Auto 61 — — — Home equity 31 — — 93 Other consumer 498 — — — Total loans modified $ 763 $ — $ — $ 341 The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous three months and subsequently had a payment default, as of March 31, 2023: Amortized Cost of Loan Modifications that Subsequently Defaulted ($ in thousands) Interest Rate Concession Term Extension Combination Interest Rate Reduction and Term Extension Home equity $ — $ — $ 60 The following table presents nonaccrual and performing restructured loans by loan portfolio at December 31, 2022: ($ in thousands) Performing Restructured Loans Nonaccrual Restructured Loans (a) Commercial and industrial $ 12,453 $ — Commercial real estate — owner occupied 316 — Commercial real estate — investor 128 2,074 Real estate construction 195 9 Residential mortgage 16,829 17,117 Home equity 2,148 927 Other consumer 798 — Total restructured loans $ 32,868 $ 20,127 (a) Nonaccrual restructured loans have been included within nonaccrual loans. The following table provides the number of loans modified in a TDR by loan portfolio, the recorded investment, and unpaid principal balance for the three months ended March 31, 2022: ($ in thousands) Number of Loans Recorded Investment (a) Unpaid Principal Balance (b) Residential mortgage 24 $ 6,421 $ 6,502 Home equity 3 80 101 Total loans modified 27 $ 6,500 $ 6,603 (a) Represents post-modification outstanding recorded investment. During the three months ended March 31, 2022, restructured loan modifications of commercial loans primarily included maturity date extensions and payment schedule modifications. Restructured loan modifications of consumer loans for the three months ended March 31, 2022 primarily included maturity date extensions, interest rate concessions, non-reaffirmed Chapter 7 bankruptcies, or a combination of these concessions. The following table provides the number of loans modified during the previous twelve months which subsequently defaulted during the three months ended March 31, 2022, and the recorded investment in these restructured loans at the time of default as of March 31, 2022: Three Months Ended March 31, 2022 ($ in thousands) Number of Recorded Residential mortgage 1 $ 884 The nature and extent of the impairment of modified loans, including those which have experienced a subsequent payment default, are considered in the determination of an appropriate level of the ACLL. Allowance for Credit Losses on Loans The ACLL is comprised of the allowance for loan losses and the allowance for unfunded commitments. The level of the ACLL represents management’s estimate of an amount appropriate to provide for expected lifetime credit losses in the loan portfolio at the balance sheet date. The expected lifetime credit losses are the product of multiplying the Corporation's estimates of probability of default, loss given default, and the individual loan level exposure at default on an undiscounted basis. A main factor in the determination of the ACLL is the economic forecast. The forecast the Corporation used for March 31, 2023 was the Moody's baseline scenario from February 2023, which was reviewed against the March 2023 baseline scenario with no material updates made, over a 2 year reasonable and supportable period with straight-line reversion to the historical losses over the second year of the period. The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb expected lifetime losses related to unfunded credit facilities (including unfunded loan commitments and letters of credit). See Note 11 for additional information on the change in the allowance for unfunded commitments. The following table presents a summary of the changes in the ACLL by portfolio segment for the three months ended March 31, 2023: ($ in thousands) Dec 31, 2022 Charge offs Recoveries Net Charge offs Provision for credit losses Mar 31, 2023 ACLL / Loans Allowance for loan losses Asset-based lending & equipment finance $ 6,564 $ — $ — $ — $ 2 $ 6,566 Commercial and industrial 112,512 (2,975) 1,216 (1,759) 6,930 117,683 Commercial real estate — owner occupied 9,475 — 3 3 785 10,263 Commercial and business lending 128,551 (2,975) 1,219 (1,756) 7,717 134,512 Commercial real estate — investor 54,398 — — — 412 54,809 Real estate construction 45,589 — 18 18 3,946 49,552 Commercial real estate lending 99,986 — 18 18 4,357 104,362 Total commercial 228,538 (2,975) 1,237 (1,738) 12,075 238,874 Residential mortgage 38,298 (168) 114 (53) 851 39,096 Auto finance 19,619 (1,103) 147 (957) 3,531 22,193 Home equity 14,875 (111) 451 340 (442) 14,774 Other consumer 11,390 (1,144) 263 (881) 986 11,495 Total consumer 84,182 (2,525) 975 (1,550) 4,925 87,557 Total loans $ 312,720 $ (5,501) $ 2,212 $ (3,289) $ 17,000 $ 326,432 Allowance for unfunded commitments Asset-based lending & equipment finance $ 601 $ — $ — $ — $ (103) $ 498 Commercial and industrial 12,396 — — — (123) 12,273 Commercial real estate — owner occupied 103 — — — 146 249 Commercial and business lending 13,101 — — — (80) 13,020 Commercial real estate — investor 710 — — — 159 868 Real estate construction 20,583 — — — 963 21,546 Commercial real estate lending 21,292 — — — 1,122 22,414 Total commercial 34,393 — — — 1,041 35,435 Home equity 2,699 — — — (8) 2,691 Other consumer 1,683 — — — (34) 1,650 Total consumer 4,382 — — — (41) 4,341 Total loans $ 38,776 $ — $ — $ — $ 1,000 $ 39,776 Allowance for credit losses on loans Asset-based lending & equipment finance $ 7,165 $ — $ — $ — $ (102) $ 7,063 1.35 % Commercial and industrial 124,908 (2,975) 1,216 (1,759) 6,808 129,957 1.39 % Commercial real estate — owner occupied 9,579 — 3 3 931 10,513 1.00 % Commercial and business lending 141,652 (2,975) 1,219 (1,756) 7,637 147,533 1.35 % Commercial real estate — investor 55,108 — — — 570 55,678 1.09 % Real estate construction 66,171 — 18 18 4,909 71,098 3.31 % Commercial real estate lending 121,279 — 18 18 5,479 126,776 1.75 % Total commercial 262,931 (2,975) 1,237 (1,738) 13,116 274,309 1.51 % Residential mortgage 38,298 (168) 114 (53) 851 39,096 0.45 % Auto finance 19,619 (1,103) 147 (957) 3,531 22,193 1.43 % Home equity 17,574 (111) 451 340 (449) 17,465 2.86 % Other consumer 13,073 (1,144) 263 (881) 952 13,145 4.71 % Total consumer 88,565 (2,525) 975 (1,550) 4,884 91,898 0.83 % Total loans $ 351,496 $ (5,501) $ 2,212 $ (3,289) $ 18,000 $ 366,208 1.25 % The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2022: ($ in thousands) Dec 31, 2021 Charge offs Recoveries Net Charge offs Provision for credit losses Dec 31, 2022 ACLL / Loans Allowance for loan losses Asset-based lending & equipment finance $ 4,182 $ — $ — $ — $ 2,382 $ 6,564 Commercial and industrial 85,675 (4,491) 5,282 791 26,047 112,512 Commercial real estate — owner occupied 11,473 — 13 13 (2,011) 9,475 Commercial and business lending 101,330 (4,491) 5,295 804 26,418 128,551 Commercial real estate — investor 72,803 (50) 50 — (18,405) 54,398 Real estate construction 37,643 (48) 106 58 7,887 45,589 Commercial real estate lending 110,446 (98) 156 58 (10,518) 99,986 Total commercial 211,776 (4,588) 5,451 862 15,900 228,538 Residential mortgage 40,787 (567) 908 341 (2,830) 38,298 Auto finance 1,999 (1,041) 98 (943) 18,563 19,619 Home equity 14,011 (587) 1,385 798 66 14,875 Other consumer 11,441 (3,363) 1,010 (2,353) 2,301 11,390 Total consumer 68,239 (5,558) 3,401 (2,157) 18,100 84,182 Total loans $ 280,015 $ (10,146) $ 8,852 $ (1,294) $ 34,000 $ 312,720 Allowance for unfunded commitments Asset-based lending & equipment finance $ 857 $ — $ — $ — $ (256) $ 601 Commercial and industrial 17,601 — — — (5,205) 12,396 Commercial real estate — owner occupied 208 — — — (105) 103 Commercial and business lending 18,667 — — — (5,566) 13,101 Commercial real estate — investor 936 — — — (226) 710 Real estate construction 15,586 — — — 4,997 20,583 Commercial real estate lending 16,522 — — — 4,770 21,292 Total commercial 35,189 — — — (796) 34,393 Home equity 2,592 — — — 107 2,699 Other consumer 1,995 — — — (311) 1,683 Total consumer 4,587 — — — (204) 4,382 Total loans $ 39,776 $ — $ — $ — $ (1,000) $ 38,776 Allowance for credit losses on loans Asset-based lending & equipment finance $ 5,040 $ — $ — $ — $ 2,125 $ 7,165 1.56 % Commercial and industrial 103,276 (4,491) 5,282 791 20,842 124,908 1.34 % Commercial real estate — owner occupied 11,681 — 13 13 (2,115) 9,579 0.97 % Commercial and business lending 119,997 (4,491) 5,295 804 20,852 141,652 1.32 % Commercial real estate — investor 73,739 (50) 50 — (18,631) 55,108 1.08 % Real estate construction 53,229 (48) 106 58 12,884 66,171 3.07 % Commercial real estate lending 126,968 (98) 156 58 (5,748) 121,279 1.68 % Total commercial 246,965 (4,588) 5,451 862 15,104 262,931 1.46 % Residential mortgage 40,787 (567) 908 341 (2,830) 38,298 0.45 % Auto finance 1,999 (1,041) 98 (943) 18,563 19,619 1.42 % Home equity 16,603 (587) 1,385 798 173 17,574 2.81 % Other consumer 13,436 (3,363) 1,010 (2,353) 1,990 13,073 4.43 % Total consumer 72,825 (5,558) 3,401 (2,157) 17,896 88,565 0.82 % Total loans $ 319,791 $ (10,146) $ 8,852 $ (1,294) $ 33,000 $ 351,496 1.22 % |