Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans The period end loan composition was as follows: ($ in thousands) Sep 30, 2023 Dec 31, 2022 Commercial and industrial $ 10,099,068 $ 9,759,454 Commercial real estate — owner occupied 1,054,969 991,722 Commercial and business lending 11,154,037 10,751,176 Commercial real estate — investor 5,218,980 5,080,344 Real estate construction 2,130,719 2,155,222 Commercial real estate lending 7,349,699 7,235,565 Total commercial 18,503,736 17,986,742 Residential mortgage 8,782,645 8,511,550 Auto finance 2,007,164 1,382,073 Home equity 623,650 624,353 Other consumer 275,993 294,851 Total consumer 11,689,451 10,812,828 Total loans $ 30,193,187 $ 28,799,569 Accrued interest receivable on loans totaled $136 million at September 30, 2023, and $113 million at December 31, 2022, and is included in interest receivable on the consolidated balance sheets. Interest accrued but not received is reversed against interest income when a loan is placed on nonaccrual. The amount of accrued interest reversed was approximately $347,000 and $1 million for the three and nine months ended September 30, 2023, respectively, and approximately $189,000 and $328,000 for the three and nine months ended September 30, 2022, respectively. The following table presents loans by credit quality indicator by origination year at September 30, 2023: Term Loans Amortized Cost Basis by Origination Year (a) ($ in thousands) Rev Loans Converted to Term (a) Rev Loans Amortized Cost Basis YTD 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Risk rating: Pass $ 477 $ 2,065,717 $ 1,775,767 $ 2,516,155 $ 1,427,787 $ 549,748 $ 481,866 $ 895,313 $ 9,712,353 Special mention 39 26,400 39 39,694 8,731 3,667 — 26,136 104,666 Potential problem 829 72,533 311 51,502 57,611 20,222 4,434 623 207,237 Nonaccrual 14,756 — 13,945 20,299 18,898 21,617 — 53 74,812 Commercial and industrial $ 16,101 $ 2,164,649 $ 1,790,062 $ 2,627,650 $ 1,513,027 $ 595,254 $ 486,300 $ 922,126 $ 10,099,068 Commercial real estate - owner occupied: Risk rating: Pass $ — $ 17,557 $ 133,133 $ 182,517 $ 196,057 $ 104,786 $ 142,602 $ 229,321 $ 1,005,973 Special mention — 421 — 2,000 7,666 2,446 4,737 — 17,269 Potential problem — — 748 1,177 3,334 1,205 1,807 19,520 27,792 Nonaccrual — — — 1,568 2,260 — — 108 3,936 Commercial real estate - owner occupied $ — $ 17,978 $ 133,882 $ 187,262 $ 209,317 $ 108,436 $ 149,146 $ 248,950 $ 1,054,969 Commercial and business lending: Risk rating: Pass $ 477 $ 2,083,273 $ 1,908,900 $ 2,698,672 $ 1,623,845 $ 654,533 $ 624,468 $ 1,124,635 $ 10,718,325 Special mention 39 26,821 39 41,694 16,396 6,112 4,737 26,136 121,935 Potential problem 829 72,533 1,060 52,679 60,945 21,427 6,242 20,143 235,029 Nonaccrual 14,756 — 13,945 21,868 21,158 21,617 — 161 78,748 Commercial and business lending $ 16,101 $ 2,182,627 $ 1,923,943 $ 2,814,912 $ 1,722,344 $ 703,689 $ 635,446 $ 1,171,075 $ 11,154,037 Commercial real estate - investor: Risk rating: Pass $ — $ 157,976 $ 500,154 $ 1,278,072 $ 1,181,060 $ 687,373 $ 459,677 $ 634,704 $ 4,899,015 Special mention — — 9,400 54,103 26,330 — 64,801 5,608 160,243 Potential problem — — 6,425 5,842 4,771 69,079 10,903 51,820 148,840 Nonaccrual — — — — — — — 10,882 10,882 Commercial real estate - investor $ — $ 157,976 $ 515,979 $ 1,338,016 $ 1,212,162 $ 756,452 $ 535,381 $ 703,014 $ 5,218,980 Real estate construction: Risk rating: Pass $ — $ 27,872 $ 251,100 $ 1,008,428 $ 716,123 $ 91,982 $ 11,970 $ 23,141 $ 2,130,617 Nonaccrual — — — — — — — 103 103 Real estate construction $ — $ 27,872 $ 251,100 $ 1,008,428 $ 716,123 $ 91,982 $ 11,970 $ 23,244 $ 2,130,719 Commercial real estate lending: Risk rating: Pass $ — $ 185,848 $ 751,254 $ 2,286,500 $ 1,897,183 $ 779,355 $ 471,646 $ 657,845 $ 7,029,632 Special mention — — 9,400 54,103 26,330 — 64,801 5,608 160,243 Potential problem — — 6,425 5,842 4,771 69,079 10,903 51,820 148,840 Nonaccrual — — — — — — — 10,985 10,985 Commercial real estate lending $ — $ 185,848 $ 767,080 $ 2,346,445 $ 1,928,284 $ 848,434 $ 547,351 $ 726,258 $ 7,349,699 Total commercial: Risk rating: Pass $ 477 $ 2,269,121 $ 2,660,154 $ 4,985,172 $ 3,521,028 $ 1,433,889 $ 1,096,114 $ 1,782,480 $ 17,747,957 Special mention 39 26,821 9,439 95,797 42,727 6,112 69,538 31,744 282,178 Potential problem 829 72,533 7,485 58,521 65,716 90,506 17,144 71,963 383,869 Nonaccrual 14,756 — 13,945 21,868 21,158 21,617 — 11,146 89,732 Total commercial $ 16,101 $ 2,368,474 $ 2,691,023 $ 5,161,357 $ 3,650,628 $ 1,552,123 $ 1,182,797 $ 1,897,334 $ 18,503,736 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 $ — $ — $ 294,499 $ 1,725,855 $ 2,176,722 $ 1,585,071 $ 757,087 $ 2,176,012 $ 8,715,245 Potential problem — — — 80 — 77 347 744 1,247 Nonaccrual — — 142 3,098 7,003 7,506 6,742 41,662 66,153 Residential mortgage $ — $ — $ 294,640 $ 1,729,032 $ 2,183,725 $ 1,592,654 $ 764,176 $ 2,218,418 $ 8,782,645 Auto finance: Risk rating: Pass $ — $ — $ 885,528 $ 1,031,283 $ 82,447 $ 204 $ 614 $ 202 $ 2,000,278 Special mention — — 601 1,436 316 — — — 2,353 Nonaccrual — — 452 3,551 527 — 4 — 4,533 Auto finance $ — $ — $ 886,581 $ 1,036,271 $ 83,289 $ 204 $ 617 $ 202 $ 2,007,164 Home equity: Risk rating: Pass $ 7,318 $ 514,431 $ 4,986 $ 35,751 $ 1,671 $ 1,450 $ 4,703 $ 51,693 $ 614,685 Special mention 343 102 — 40 73 — 55 542 811 Potential problem 11 — — — — — 45 192 236 Nonaccrual 832 67 — 68 105 99 373 7,205 7,917 Home equity $ 8,504 $ 514,599 $ 4,986 $ 35,859 $ 1,849 $ 1,549 $ 5,175 $ 59,631 $ 623,650 Other consumer: Risk rating: Pass $ 99 $ 193,494 $ 5,521 $ 3,933 $ 2,772 $ 1,234 $ 514 $ 67,749 $ 275,217 Special mention 17 520 — — 16 14 2 2 553 Nonaccrual 81 66 11 1 8 73 11 52 222 Other consumer $ 197 $ 194,079 $ 5,532 $ 3,934 $ 2,797 $ 1,321 $ 527 $ 67,803 $ 275,993 Total consumer: Risk rating: Pass $ 7,417 $ 707,925 $ 1,190,534 $ 2,796,822 $ 2,263,612 $ 1,587,959 $ 762,917 $ 2,295,656 $ 11,605,425 Special mention 360 621 601 1,476 405 14 57 543 3,717 Potential problem 11 — — 80 — 77 392 935 1,483 Nonaccrual 913 133 604 6,718 7,644 7,679 7,129 48,919 78,826 Total consumer $ 8,701 $ 708,679 $ 1,191,739 $ 2,805,096 $ 2,271,661 $ 1,595,728 $ 770,495 $ 2,346,054 $ 11,689,451 Total loans: Risk rating: Pass $ 7,894 $ 2,977,046 $ 3,850,688 $ 7,781,993 $ 5,784,640 $ 3,021,848 $ 1,859,031 $ 4,078,136 $ 29,353,382 Special mention 398 27,442 10,039 97,273 43,132 6,126 69,595 32,288 285,895 Potential problem 841 72,533 7,485 58,600 65,716 90,583 17,536 72,899 385,352 Nonaccrual 15,669 133 14,549 28,585 28,801 29,295 7,129 60,065 168,558 Total loans $ 24,802 $ 3,077,153 $ 3,882,762 $ 7,966,452 $ 5,922,289 $ 3,147,851 $ 1,953,292 $ 4,243,388 $ 30,193,187 (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 Commercial and industrial: Risk rating: Pass $ 1,423 $ 1,938,777 $ 3,245,546 $ 2,367,008 $ 567,833 $ 573,120 $ 330,642 $ 432,906 $ 9,455,833 Special mention — 93,209 3,411 23,607 — — 19 32,497 152,744 Potential problem 447 24,549 41,400 4,193 21,887 38,169 218 6,133 136,549 Nonaccrual 3,926 — 5,210 — 9,119 — — — 14,329 Commercial and industrial $ 5,796 $ 2,056,535 $ 3,295,567 $ 2,394,809 $ 598,839 $ 611,289 $ 330,879 $ 471,535 $ 9,759,454 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 September 30, 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 $ 2,760 $ 401 $ 5,695 $ 13,264 $ 5,900 $ — $ 3,795 $ 31,816 Commercial and business lending 2,760 401 5,695 13,264 5,900 — 3,795 31,816 Commercial real estate-investor — — — — — — 242 242 Real estate construction — — — — — — 25 25 Commercial real estate lending — — — — — — 266 266 Total commercial 2,760 401 5,695 13,264 5,900 — 4,062 32,082 Residential mortgage — — 128 22 148 7 410 714 Auto finance — 254 3,355 442 — 5 — 4,056 Home equity 12 — 43 45 — 22 147 269 Other consumer 3,351 — 149 124 29 12 106 3,769 Total consumer 3,363 254 3,674 633 177 45 662 8,809 Total gross charge offs $ 6,124 $ 655 $ 9,369 $ 13,897 $ 6,077 $ 45 $ 4,724 $ 40,891 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 September 30, 2023: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Commercial and industrial $ 10,022,308 $ 671 $ 835 $ 441 $ 74,812 $ 10,099,068 Commercial real estate - owner occupied 1,049,156 1,877 — — 3,936 1,054,969 Commercial and business lending 11,071,464 2,548 835 441 78,748 11,154,037 Commercial real estate - investor 5,197,977 10,120 1 — 10,882 5,218,980 Real estate construction 2,130,606 10 — — 103 2,130,719 Commercial real estate lending 7,328,583 10,130 1 — 10,985 7,349,699 Total commercial 18,400,047 12,678 836 441 89,732 18,503,736 Residential mortgage 8,704,840 11,652 — — 66,153 8,782,645 Auto finance 1,985,943 14,335 2,353 — 4,533 2,007,164 Home equity 612,045 2,876 811 — 7,917 623,650 Other consumer 272,175 1,255 625 1,715 222 275,993 Total consumer 11,575,003 30,118 3,789 1,715 78,826 11,689,451 Total loans $ 29,975,051 $ 42,797 $ 4,626 $ 2,156 $ 168,558 $ 30,193,187 (a) Of the total nonaccrual loans, $114 million, or 68%, were current with respect to payment at September 30, 2023. (b) No interest income was recognized on nonaccrual loans for the three and nine months ended September 30, 2023. In addition, there were $65 million of nonaccrual loans for which there was no related ACLL at September 30, 2023. The following table presents loans by past due status at December 31, 2022: Accruing ($ in thousands) Current 30-59 Days 60-89 Days 90+ Days Nonaccrual (a)(b) Total Commercial and industrial $ 9,738,561 $ 716 $ 5,566 $ 282 $ 14,329 $ 9,759,454 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 $11 million of nonaccrual loans for which there was no related ACLL at December 31, 2022. Loan Modifications and Troubled Debt Restructurings Under ASU 2022-02, effective January 1, 2023, loan modifications are reported if concessions have been granted to borrowers that are experiencing financial difficulty. Information on these loan modifications originated after the effective date is presented according to the new accounting guidance. Reporting periods prior to the adoption of ASU 2022-02 present information on TDRs under the previous disclosure requirements. The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the nine months ended September 30, 2023. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at September 30, 2023. Interest Rate Concession ($ in thousands) Amortized Cost Commercial and industrial $ 234 Auto 169 Home equity 77 Other consumer 1,243 Total loans modified $ 1,724 Term Extension ($ in thousands) Amortized Cost Residential mortgage $ 208 Home equity 26 Total loans modified $ 234 Combination - Interest Rate Concession and Term Extension ($ in thousands) Amortized Cost Residential mortgage $ 830 Home equity 262 Total loans modified $ 1,092 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans as of September 30, 2023: Interest Rate Concession Loan Type Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase Commercial and industrial (18) % Auto (4) % Home equity — % Other consumer (21) % Weighted average of total loans modified (10) % Term Extension Loan Type Financial Effect, Weighted Average Term Increase (a) Residential mortgage 26 months Home equity 78 months Weighted average of total loans modified 32 months (a) During the nine months ended September 30, 2023, term extensions changed the weighted average term on modified loans from 297 to 328 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 nine months ended September 30, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-89 Days Past Due 90+ Days Past Due Nonaccrual Commercial and industrial $ 234 $ — $ — $ — Residential mortgage 81 126 — 832 Auto 169 — — — Home equity 236 — — 130 Other consumer 1,243 — — — Total loans modified $ 1,963 $ 126 $ — $ 961 The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous nine months and subsequently had a payment default, as of September 30, 2023: Amortized Cost of Loan Modifications that Subsequently Defaulted ($ in thousands) Interest Rate Concession Term Extension Combination Interest Rate Reduction and Term Extension Residential mortgage $ — $ 208 $ 206 Home equity — — 18 Total loans modified $ — $ 208 $ 224 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 nine months ended September 30, 2022: ($ in thousands) Number of Loans Recorded Investment (a) Unpaid Principal Balance (b) Commercial and industrial 2 $ 265 $ 265 Commercial real estate — investor 1 547 573 Residential mortgage 44 9,641 9,833 Home equity 12 390 412 Total loans modified 59 $ 10,844 $ 11,083 (a) Represents post-modification outstanding recorded investment. During the nine months ended September 30, 2022, restructured loan modifications of commercial loans primarily included maturity date extensions and payment schedule modifications. Restructured loan modifications of consumer loans for the nine months ended September 30, 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 nine months ended September 30, 2022, and the recorded investment in these restructured loans at the time of default as of September 30, 2022: Nine Months Ended September 30, 2022 ($ in thousands) Number of Recorded Residential mortgage 4 $ 1,178 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 September 30, 2023 was the Moody's baseline scenario from August 2023, which was reviewed against the September 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 nine months ended September 30, 2023: ($ in thousands) Dec 31, 2022 Charge offs Recoveries Net Charge offs Provision for credit losses Sep 30, 2023 ACLL / Loans Allowance for loan losses Commercial and industrial $ 119,076 $ (31,816) $ 2,322 $ (29,494) $ 34,710 $ 124,292 Commercial real estate — owner occupied 9,475 — 8 8 1,976 11,459 Commercial and business lending 128,551 (31,816) 2,329 (29,487) 36,686 135,751 Commercial real estate — investor 54,398 (242) 2,789 2,547 10,520 67,466 Real estate construction 45,589 (25) 42 18 6,128 51,734 Commercial real estate lending 99,986 (266) 2,831 2,565 16,648 119,200 Total commercial 228,538 (32,082) 5,161 (26,921) 53,334 254,951 Residential mortgage 38,298 (714) 357 (358) 2,496 40,437 Auto finance 19,619 (4,056) 783 (3,273) 6,654 23,000 Home equity 14,875 (269) 921 652 (413) 15,114 Other consumer 11,390 (3,769) 744 (3,025) 3,928 12,293 Total consumer 84,182 (8,809) 2,805 (6,004) 12,666 90,844 Total loans $ 312,720 $ (40,891) $ 7,965 $ (32,925) $ 66,000 $ 345,795 Allowance for unfunded commitments Commercial and industrial $ 12,997 $ — $ — $ — $ (2,365) $ 10,632 Commercial real estate — owner occupied 103 — — — 15 119 Commercial and business lending 13,101 — — — (2,350) 10,751 Commercial real estate — investor 710 — — — 39 749 Real estate construction 20,583 — — — (1,000) 19,583 Commercial real estate lending 21,292 — — — (961) 20,331 Total commercial 34,393 — — — (3,311) 31,082 Home equity 2,699 — — — (17) 2,682 Other consumer 1,683 — — — (672) 1,011 Total consumer 4,382 — — — (689) 3,693 Total loans $ 38,776 $ — $ — $ — $ (4,000) $ 34,776 Allowance for credit losses on loans Commercial and industrial $ 132,073 $ (31,816) $ 2,322 $ (29,494) $ 32,345 $ 134,924 1.34 % Commercial real estate — owner occupied 9,579 — 8 8 1,991 11,578 1.10 % Commercial and business lending 141,652 (31,816) 2,329 (29,487) 34,336 146,502 1.31 % Commercial real estate — investor 55,108 (242) 2,789 2,547 10,560 68,214 1.31 % Real estate construction 66,171 (25) 42 18 5,128 71,317 3.35 % Commercial real estate lending 121,279 (266) 2,831 2,565 15,687 139,531 1.90 % Total commercial 262,931 (32,082) 5,161 (26,921) 50,023 286,033 1.55 % Residential mortgage 38,298 (714) 357 (358) 2,496 40,437 0.46 % Auto finance 19,619 (4,056) 783 (3,273) 6,654 23,000 1.15 % Home equity 17,574 (269) 921 652 (430) 17,797 2.85 % Other consumer 13,073 (3,769) 744 (3,025) 3,256 13,304 4.82 % Total consumer 88,565 (8,809) 2,805 (6,004) 11,977 94,538 0.81 % Total loans $ 351,496 $ (40,891) $ 7,965 $ (32,925) $ 62,000 $ 380,571 1.26 % 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 Commercial and industrial $ 89,857 $ (4,491) $ 5,282 $ 791 $ 28,428 $ 119,076 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 Commercial and industrial $ 18,459 $ — $ — $ — $ (5,462) $ 12,997 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 Commercial and industrial $ 108,316 $ (4,491) $ 5,282 $ 791 $ 22,967 $ 132,073 1.35 % 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 % |