falsedesktopMTB2020-09-30000156459020050472{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\nEmerging growth company\t☐\t\t\n", "q10k_tbl_1": "Table of Contents of Information Required in Report\t\tPage\nPart I. FINANCIAL INFORMATION\t\t\nItem 1.\tFinancial Statements.\t\n\tCONSOLIDATED BALANCE SHEET - September 30 2020 and December 31 2019\t3\n\tCONSOLIDATED STATEMENT OF INCOME - Three and nine months ended September 30 2020 and 2019\t4\n\tCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - Three and nine months ended September 30 2020 and 2019\t5\n\tCONSOLIDATED STATEMENT OF CASH FLOWS - Nine months ended September 30 2020 and 2019\t6\n\tCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - Three and nine months ended September 30 2020 and 2019\t7\n\tNOTES TO FINANCIAL STATEMENTS\t8\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations.\t53\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk.\t93\nItem 4.\tControls and Procedures.\t93\nPart II. OTHER INFORMATION\t\t\nItem 1.\tLegal Proceedings\t93\nItem 1A.\tRisk Factors.\t93\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t95\nItem 3.\tDefaults Upon Senior Securities.\t95\nItem 4.\tMine Safety Disclosures.\t95\nItem 5.\tOther Information.\t95\nItem 6.\tExhibits.\t96\nSIGNATURES\t\t96\n", "q10k_tbl_2": "\tSeptember 30\tDecember 31\n(Dollars in thousands except per share)\t2020\t2019\nAssets\t\t\nCash and due from banks\t1489232\t1432805\nInterest-bearing deposits at banks\t20197937\t7190154\nFederal funds sold\t0\t3500\nTrading account\t1215573\t470129\nInvestment securities (includes pledged securities that can be sold or repledged of $89351 at September 30 2020; $200339 at December 31 2019)\t\t\nAvailable for sale (cost: $5090064 at September 30 2020; $6258276 at December 31 2019)\t5302338\t6318776\nHeld to maturity (fair value: $2031926 at September 30 2020; $2699206 at December 31 2019)\t1938694\t2656917\nEquity and other securities (cost: $458498 at September 30 2020; $487041 at December 31 2019)\t481972\t521558\nTotal investment securities\t7723004\t9497251\nLoans and leases\t98849533\t91188525\nUnearned discount\t(402485)\t(265656)\nLoans and leases net of unearned discount\t98447048\t90922869\nAllowance for credit losses\t(1758505)\t(1051071)\nLoans and leases net\t96688543\t89871798\nPremises and equipment\t1146681\t1140924\nGoodwill\t4593112\t4593112\nCore deposit and other intangible assets\t17294\t29034\nAccrued interest and other assets\t5555367\t5644050\nTotal assets\t138626743\t119872757\nLiabilities\t\t\nNoninterest-bearing deposits\t44201670\t32396407\nSavings and interest-checking deposits\t65732130\t54932162\nTime deposits\t4329550\t5757456\nDeposits at Cayman Islands office\t899989\t1684044\nTotal deposits\t115163339\t94770069\nShort-term borrowings\t46123\t62363\nAccrued interest and other liabilities\t1857383\t2337490\nLong-term borrowings\t5458885\t6986186\nTotal liabilities\t122525730\t104156108\nShareholders' equity\t\t\nPreferred stock $1.00 par 1000000 shares authorized; Issued and outstanding: Liquidation preference of $1000 per share: 350000 shares at September 30 2020 and December 31 2019; Liquidation preference of $10000 per share: 90000 shares at September 30 2020 and December 31 2019\t1250000\t1250000\nCommon stock $.50 par 250000000 shares authorized 159741898 shares issued at September 30 2020 and December 31 2019\t79871\t79871\nCommon stock issuable 17999 shares at September 30 2020; 21534 shares at December 31 2019\t1327\t1566\nAdditional paid-in capital\t6609573\t6593539\nRetained earnings\t13132374\t12820916\nAccumulated other comprehensive income (loss) net\t175503\t(206680)\nTreasury stock - common at cost - 31456705 shares at September 30 2020; 29174402 shares at December 31 2019\t(5147635)\t(4822563)\nTotal shareholders' equity\t16101013\t15716649\nTotal liabilities and shareholders' equity\t138626743\t119872757\n", "q10k_tbl_3": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In thousands except per share)\t2020\t2019\t2020\t2019\nInterest income\t\t\t\t\nLoans and leases including fees\t956594\t1119662\t2983787\t3363152\nInvestment securities\t\t\t\t\nFully taxable\t38529\t69059\t135858\t225048\nExempt from federal taxes\t59\t98\t163\t270\nDeposits at banks\t4163\t40388\t27308\t104120\nOther\t1816\t262\t6706\t1101\nTotal interest income\t1001161\t1229469\t3153822\t3693691\nInterest expense\t\t\t\t\nSavings and interest-checking deposits\t22403\t104724\t126859\t272419\nTime deposits\t14519\t25456\t56274\t71468\nDeposits at Cayman Islands office\t241\t6218\t3821\t16995\nShort-term borrowings\t1\t6967\t26\t21573\nLong-term borrowings\t20902\t56214\t89805\t189805\nTotal interest expense\t58066\t199579\t276785\t572260\nNet interest income\t943095\t1029890\t2877037\t3121431\nProvision for credit losses\t150000\t45000\t725000\t122000\nNet interest income after provision for credit losses\t793095\t984890\t2152037\t2999431\nOther income\t\t\t\t\nMortgage banking revenues\t153267\t137004\t426200\t339636\nService charges on deposit accounts\t91355\t111092\t274971\t321991\nTrust income\t149937\t143915\t450570\t421083\nBrokerage services income\t11602\t12077\t35194\t37031\nTrading account and foreign exchange gains\t4026\t16072\t33332\t45327\nGain (loss) on bank investment securities\t2773\t3737\t(11040)\t24489\nOther revenues from operations\t107601\t103882\t327967\t351082\nTotal other income\t520561\t527779\t1537194\t1540639\nOther expense\t\t\t\t\nSalaries and employee benefits\t478897\t476780\t1474582\t1431717\nEquipment and net occupancy\t81080\t82690\t237809\t241187\nOutside data processing and software\t64660\t60360\t190446\t168011\nFDIC assessments\t12121\t9906\t38599\t29104\nAdvertising and marketing\t11855\t22088\t44072\t66409\nPrinting postage and supplies\t9422\t10201\t31534\t30380\nAmortization of core deposit and other intangible assets\t3914\t5088\t11740\t15185\nOther costs of operations\t164825\t210506\t511450\t663006\nTotal other expense\t826774\t877619\t2540232\t2644999\nIncome before taxes\t486882\t635050\t1148999\t1895071\nIncome taxes\t114746\t154969\t266987\t458988\nNet income\t372136\t480081\t882012\t1436083\nNet income available to common shareholders\t\t\t\t\nBasic\t353399\t461410\t827203\t1376128\nDiluted\t353400\t461410\t827204\t1376129\nNet income per common share\t\t\t\t\nBasic\t2.75\t3.47\t6.42\t10.16\nDiluted\t2.75\t3.47\t6.42\t10.16\nAverage common shares outstanding\t\t\t\t\nBasic\t128285\t132965\t128750\t135411\nDiluted\t128355\t132999\t128813\t135443\n", "q10k_tbl_4": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(In thousands)\t2020\t2019\t2020\t2019\nNet income\t372136\t480081\t882012\t1436083\nOther comprehensive income (loss) net of tax and reclassification adjustments:\t\t\t\t\nNet unrealized gains (losses) on investment securities\t(17948)\t22605\t114451\t177049\nCash flow hedges adjustments\t(63199)\t8695\t240562\t155666\nForeign currency translation adjustments\t2733\t(1704)\t(261)\t(2104)\nDefined benefit plans liability adjustments\t9287\t3054\t27431\t9162\nTotal other comprehensive income (loss)\t(69127)\t32650\t382183\t339773\nTotal comprehensive income\t303009\t512731\t1264195\t1775856\n", "q10k_tbl_5": "\tNine Months Ended September 30\t\n(In thousands)\t2020\t2019\nCash flows from operating activities\t\t\nNet income\t882012\t1436083\nAdjustments to reconcile net income to net cash provided by operating activities\t\t\nProvision for credit losses\t725000\t122000\nDepreciation and amortization of premises and equipment\t164323\t155721\nAmortization of capitalized servicing rights\t63992\t53137\nAmortization of core deposit and other intangible assets\t11740\t15185\nProvision for deferred income taxes\t(119913)\t16683\nAsset write-downs\t17692\t53850\nNet gain on sales of assets\t(14736)\t(13938)\nNet change in accrued interest receivable payable\t(135825)\t8771\nNet change in other accrued income and expense\t(344085)\t(75564)\nNet change in loans originated for sale\t(422773)\t(20325)\nNet change in trading account assets and liabilities\t(702362)\t(524755)\nNet cash provided by operating activities\t125065\t1226848\nCash flows from investing activities\t\t\nProceeds from sales of investment securities\t\t\nEquity and other securities\t55499\t878405\nProceeds from maturities of investment securities\t\t\nAvailable for sale\t1149281\t1932168\nHeld to maturity\t719379\t787655\nPurchases of investment securities\t\t\nAvailable for sale\t(5860)\t(9791)\nHeld to maturity\t(8995)\t(495277)\nEquity and other securities\t(26955)\t(821120)\nNet increase in loans and leases\t(7227304)\t(1484135)\nNet increase in interest-bearing deposits at banks\t(13007783)\t(4390327)\nCapital expenditures net\t(125370)\t(119522)\nNet (increase) decrease in loan servicing advances\t149838\t(333079)\nOther net\t351278\t55356\nNet cash used by investing activities\t(17976992)\t(3999667)\nCash flows from financing activities\t\t\nNet increase in deposits\t20394732\t4959327\nNet increase (decrease) in short-term borrowings\t(16240)\t1115518\nPayments on long-term borrowings\t(1605041)\t(1552533)\nPurchases of treasury stock\t(373750)\t(1067575)\nDividends paid - common\t(426204)\t(406967)\nDividends paid - preferred\t(55444)\t(54642)\nProceeds from issuance of Series G preferred stock\t0\t396000\nRedemption of Series A and Series C preferred stock\t0\t(381500)\nOther net\t(13199)\t(21187)\nNet cash provided by financing activities\t17904854\t2986441\nNet increase in cash cash equivalents and restricted cash\t52927\t213622\nCash cash equivalents and restricted cash at beginning of period\t1436305\t1605439\nCash cash equivalents and restricted cash at end of period\t1489232\t1819061\nSupplemental disclosure of cash flow information\t\t\nInterest received during the period\t3121917\t3700206\nInterest paid during the period\t319079\t577291\nIncome taxes paid during the period\t254471\t302441\nSupplemental schedule of noncash investing and financing activities\t\t\nReal estate acquired in settlement of loans\t20047\t66018\nSecuritization of residential mortgage loans allocated to\t\t\nAvailable-for-sale investment securities\t0\t5379\nCapitalized servicing rights\t0\t83\nAdoption of lease accounting standard\t\t\nRight-of-use assets\t0\t393877\nOther liabilities\t0\t398810\nAdditions to right-of-use assets under operating leases\t45888\t69305\n", "q10k_tbl_6": "\t\t\t\t\t\tAccumulated\t\t\n\t\t\t\t\t\tOther\t\t\n\t\t\tCommon\tAdditional\t\tComprehensive\t\t\n\tPreferred\tCommon\tStock\tPaid-in\tRetained\tIncome\tTreasury\t\nDollars in thousands except per share\tStock\tStock\tIssuable\tCapital\tEarnings\t(Loss) Net\tStock\tTotal\nThree Months Ended September 30 2020\t\t\t\t\t\t\t\t\nBalance - July 1 2020\t1250000\t79871\t1308\t6599069\t12919345\t244630\t(5149118)\t15945105\nTotal comprehensive income\t0\t0\t0\t0\t372136\t(69127)\t0\t303009\nPreferred stock cash dividends (a)\t0\t0\t0\t0\t(17050)\t0\t0\t(17050)\nStock-based compensation transactions net\t0\t0\t19\t10504\t(104)\t0\t1483\t11902\nCommon stock cash dividends - $1.10 per share\t0\t0\t0\t0\t(141953)\t0\t0\t(141953)\nBalance - September 30 2020\t1250000\t79871\t1327\t6609573\t13132374\t175503\t(5147635)\t16101013\nNine Months Ended September 30 2020\t\t\t\t\t\t\t\t\nBalance - January 1 2020\t1250000\t79871\t1566\t6593539\t12820916\t(206680)\t(4822563)\t15716649\nAdoption of new accounting standard for credit losses\t0\t0\t0\t0\t(91925)\t0\t0\t(91925)\nTotal comprehensive income\t0\t0\t0\t0\t882012\t382183\t0\t1264195\nPreferred stock cash dividends (a)\t0\t0\t0\t0\t(51178)\t0\t0\t(51178)\nPurchases of treasury stock\t0\t0\t0\t0\t0\t0\t(373750)\t(373750)\nStock-based compensation transactions net\t0\t0\t(239)\t16034\t(310)\t0\t48678\t64163\nCommon stock cash dividends - $3.30 per share\t0\t0\t0\t0\t(427141)\t0\t0\t(427141)\nBalance - September 30 2020\t1250000\t79871\t1327\t6609573\t13132374\t175503\t(5147635)\t16101013\n", "q10k_tbl_7": "Three Months Ended September 30 2019\t\t\t\t\t\t\t\t\nBalance - July 1 2019\t1231500\t79871\t1526\t6577603\t12162278\t(112958)\t(4247993)\t15691827\nTotal comprehensive income\t0\t0\t0\t0\t480081\t32650\t0\t512731\nPreferred stock cash dividends (a)\t0\t0\t0\t0\t(19144)\t0\t0\t(19144)\nRedemption of Series A and Series C preferred stock\t(381500)\t0\t0\t0\t0\t0\t0\t(381500)\nIssuance of Series G preferred stock\t400000\t0\t0\t(4000)\t0\t0\t0\t396000\nPurchases of treasury stock\t0\t0\t0\t0\t0\t0\t(299963)\t(299963)\nStock-based compensation transactions net\t0\t0\t21\t11102\t(50)\t0\t1719\t12792\nCommon stock cash dividends - $1.00 per share\t0\t0\t0\t0\t(132932)\t0\t0\t(132932)\nBalance - September 30 2019\t1250000\t79871\t1547\t6584705\t12490233\t(80308)\t(4546237)\t15779811\nNine Months Ended September 30 2019\t\t\t\t\t\t\t\t\nBalance - January 1 2019\t1231500\t79883\t1726\t6579342\t11516672\t(420081)\t(3528851)\t15460191\nTotal comprehensive income\t0\t0\t0\t0\t1436083\t339773\t0\t1775856\nPreferred stock cash dividends (a)\t0\t0\t0\t0\t(55404)\t0\t0\t(55404)\nRedemption of Series A and Series C preferred stock\t(381500)\t0\t0\t0\t0\t0\t0\t(381500)\nIssuance of Series G preferred stock\t400000\t0\t0\t(4000)\t0\t0\t0\t396000\nPurchases of treasury stock\t0\t0\t0\t0\t0\t0\t(1067575)\t(1067575)\nStock-based compensation transactions net\t0\t(12)\t(179)\t9363\t(151)\t0\t50189\t59210\nCommon stock cash dividends - $3.00 per share\t0\t0\t0\t0\t(406967)\t0\t0\t(406967)\nBalance - September 30 2019\t1250000\t79871\t1547\t6584705\t12490233\t(80308)\t(4546237)\t15779811\n", "q10k_tbl_8": "\tAmortized Cost\tGross Unrealized Gains\tGross Unrealized Losses\tEstimated Fair Value\n\t(In thousands)\t\t\t\nSeptember 30 2020\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t9154\t226\t10\t9370\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t4944979\t221561\t839\t5165701\nPrivately issued\t16\t0\t0\t16\nOther debt securities\t135915\t1328\t9992\t127251\n\t5090064\t223115\t10841\t5302338\nInvestment securities held to maturity:\t\t\t\t\nU.S. Treasury and federal agencies\t3000\t0\t0\t3000\nObligations of states and political subdivisions\t1855\t10\t0\t1865\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t1850864\t100104\t92\t1950876\nPrivately issued\t80013\t11010\t17800\t73223\nOther debt securities\t2962\t0\t0\t2962\n\t1938694\t111124\t17892\t2031926\nTotal debt securities\t7028758\t334239\t28733\t7334264\nEquity and other securities:\t\t\t\t\nReadily marketable equity - at fair value\t77708\t23474\t0\t101182\nOther - at cost\t380790\t0\t0\t380790\nTotal equity and other securities\t458498\t23474\t0\t481972\nDecember 31 2019\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t9742\t41\t16\t9767\nObligations of states and political subdivisions\t776\t2\t3\t775\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t6113913\t88634\t21607\t6180940\nPrivately issued\t16\t0\t0\t16\nOther debt securities\t133829\t2046\t8597\t127278\n\t6258276\t90723\t30223\t6318776\nInvestment securities held to maturity:\t\t\t\t\nU.S. Treasury and federal agencies\t249862\t286\t0\t250148\nObligations of states and political subdivisions\t4140\t16\t0\t4156\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t2306180\t50381\t1992\t2354569\nPrivately issued\t93496\t11779\t18181\t87094\nOther debt securities\t3239\t0\t0\t3239\n\t2656917\t62462\t20173\t2699206\nTotal debt securities\t8915193\t153185\t50396\t9017982\nEquity and other securities:\t\t\t\t\nReadily marketable equity - at fair value\t105524\t34786\t269\t140041\nOther - at cost\t381517\t0\t0\t381517\nTotal equity and other securities\t487041\t34786\t269\t521558\n", "q10k_tbl_9": "\tAmortized Cost\tEstimated Fair Value\n\t(In thousands)\t\nDebt securities available for sale:\t\t\nDue in one year or less\t5197\t5207\nDue after one year through five years\t11446\t12009\nDue after five years through ten years\t98426\t95033\nDue after ten years\t30000\t24372\n\t145069\t136621\nMortgage-backed securities available for sale\t4944995\t5165717\n\t5090064\t5302338\nDebt securities held to maturity:\t\t\nDue in one year or less\t4680\t4688\nDue after one year through five years\t175\t177\nDue after ten years\t2962\t2962\n\t7817\t7827\nMortgage-backed securities held to maturity\t1930877\t2024099\n\t1938694\t2031926\n", "q10k_tbl_10": "\tLess Than 12 Months\t\t12 Months or More\t\n\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\n\t(In thousands)\t\t\t\nSeptember 30 2020\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t985\t(10)\t0\t0\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t20313\t(364)\t21735\t(475)\nOther debt securities\t42385\t(1087)\t62659\t(8905)\n\t63683\t(1461)\t84394\t(9380)\nInvestment securities held to maturity:\t\t\t\t\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t11357\t(92)\t0\t0\nPrivately issued\t7476\t(32)\t46048\t(17768)\n\t18833\t(124)\t46048\t(17768)\nTotal\t82516\t(1585)\t130442\t(27148)\nDecember 31 2019\t\t\t\t\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t1406\t(7)\t2893\t(9)\nObligations of states and political subdivisions\t0\t0\t277\t(3)\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t117299\t(222)\t2002364\t(21385)\nOther debt securities\t6600\t(354)\t56313\t(8243)\n\t125305\t(583)\t2061847\t(29640)\nInvestment securities held to maturity:\t\t\t\t\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t2727\t(5)\t145235\t(1987)\nPrivately issued\t0\t0\t49656\t(18181)\n\t2727\t(5)\t194891\t(20168)\nTotal\t128032\t(588)\t2256738\t(49808)\n", "q10k_tbl_11": "\tCurrent\t30-89 Days Past Due\tAccruing Loans Past Due 90 Days or More\tNonaccrual\tTotal\n\t(In thousands)\t\t\t\t\nSeptember 30 2020\t\t\t\t\t\nCommercial financial leasing etc.\t27249552\t282917\t8551\t350628\t27891648\nReal estate:\t\t\t\t\t\nCommercial\t27250676\t197881\t8189\t252515\t27709261\nResidential builder and developer\t1353863\t7282\t0\t1833\t1362978\nOther commercial construction\t8405525\t66599\t94\t37627\t8509845\nResidential\t13934309\t185420\t503450\t297636\t14920815\nResidential - limited documentation\t1606130\t20980\t0\t115783\t1742893\nConsumer:\t\t\t\t\t\nHome equity lines and loans\t4000829\t22209\t0\t78820\t4101858\nRecreational finance\t6838126\t36003\t0\t24191\t6898320\nAutomobile\t3829968\t42906\t0\t42374\t3915248\nOther\t1337042\t11601\t6974\t38565\t1394182\nTotal\t95806020\t873798\t527258\t1239972\t98447048\n", "q10k_tbl_12": "\tCurrent\t30-89 Days Past Due\tAccruing Loans Past Due 90 Days or More (a)\tAccruing Loans Acquired at a Discount Past Due 90 days or More (b)\tPurchased Impaired (c)\tNonaccrual\tTotal\n\t(In thousands)\t\t\t\t\t\t\nDecember 31 2019\t\t\t\t\t\t\t\nCommercial financial leasing etc.\t23290797\t184011\t16776\t27\t0\t346557\t23838168\nReal estate:\t\t\t\t\t\t\t\nCommercial\t26311414\t165579\t6740\t0\t15601\t158474\t26657808\nResidential builder and developer\t1521315\t21195\t0\t0\t753\t3982\t1547245\nOther commercial construction\t7204148\t95346\t3360\t0\t1237\t32770\t7336861\nResidential\t12760040\t451274\t486515\t5788\t143145\t235663\t14082425\nResidential - limited documentation\t1858037\t65215\t181\t0\t66809\t83427\t2073669\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t4386511\t30229\t0\t1662\t0\t63215\t4481617\nRecreational finance\t5484997\t36827\t0\t99\t0\t14219\t5536142\nAutomobile\t3787221\t78478\t0\t0\t0\t21293\t3886992\nOther\t1395240\t45978\t5156\t32056\t0\t3512\t1481942\nTotal\t87999720\t1174132\t518728\t39632\t227545\t963112\t90922869\n", "q10k_tbl_13": "\tSeptember 30 2020\tJune 30 2020\n\t(In thousands)\t\nCommercial financial leasing etc.\t815186\t5302196\nReal estate:\t\t\nCommercial\t4452846\t7802006\nResidential builder and developer\t1473\t18253\nOther commercial construction\t671378\t861536\nResidential\t2852740\t1737483\nResidential - limited documentation\t454378\t538671\nConsumer:\t\t\nHome equity lines and loans\t25658\t88162\nRecreational finance\t39754\t254205\nAutomobile\t62871\t326113\nOther\t2336\t16611\nTotal\t9378620\t16945236\n", "q10k_tbl_14": "\t(In thousands)\nOutstanding principal balance\t769414\nCarrying amount:\t\nCommercial financial leasing etc.\t21114\nCommercial real estate\t94890\nResidential real estate\t341807\nConsumer\t77785\n\t535596\n", "q10k_tbl_15": "\tThree Months Ended September 30 2019\t\tNine Months Ended September 30 2019\t\n\tPurchased\tOther\tPurchased\tOther\n\tImpaired\tAcquired\tImpaired\tAcquired\n\t(In thousands)\t\t\t\nBalance at beginning of period\t147104\t90911\t147210\t96907\nInterest income\t(9564)\t(9238)\t(37278)\t(28621)\nReclassifications from nonaccretable balance\t9079\t3990\t36687\t12312\nOther (a)\t0\t41\t0\t5106\nBalance at end of period\t146619\t85704\t146619\t85704\n", "q10k_tbl_16": "\tTerm Loans by Origination Year\t\t\t\t\t\tRevolving\tRevolving Loans Converted to Term\t\n\t2020\t2019\t2018\t2017\t2016\tPrior\tLoans\tLoans\tTotal\n\t(In thousands)\t\t\t\t\t\t\t\t\nCommercial financial leasing etc.:\t\t\t\t\t\t\t\t\t\nLoan grades:\t\t\t\t\t\t\t\t\t\nPass\t8209336\t2387719\t1638389\t1001452\t816518\t1488463\t10444292\t27536\t26013705\nCriticized accrual\t389682\t75106\t141774\t50144\t45345\t57137\t758594\t9533\t1527315\nCriticized nonaccrual\t2793\t23546\t49840\t16456\t18790\t66410\t165625\t7168\t350628\nTotal commercial financial leasing etc.\t8601811\t2486371\t1830003\t1068052\t880653\t1612010\t11368511\t44237\t27891648\nReal estate:\t\t\t\t\t\t\t\t\t\nCommercial:\t\t\t\t\t\t\t\t\t\nLoan grades:\t\t\t\t\t\t\t\t\t\nPass\t2773454\t4911992\t3458071\t2851599\t2823120\t6188879\t810180\t0\t23817295\nCriticized accrual\t343722\t436191\t531848\t294994\t728208\t1252953\t51535\t0\t3639451\nCriticized nonaccrual\t242\t43342\t5168\t31506\t21507\t149629\t1121\t0\t252515\nTotal commercial real estate\t3117418\t5391525\t3995087\t3178099\t3572835\t7591461\t862836\t0\t27709261\nResidential builder and developer:\t\t\t\t\t\t\t\t\t\nLoan grades:\t\t\t\t\t\t\t\t\t\nPass\t399778\t399923\t207188\t26378\t11668\t14190\t233182\t0\t1292307\nCriticized accrual\t32441\t12744\t15255\t3421\t0\t1410\t3567\t0\t68838\nCriticized nonaccrual\t0\t518\t0\t0\t0\t1315\t0\t0\t1833\nTotal residential builder and developer\t432219\t413185\t222443\t29799\t11668\t16915\t236749\t0\t1362978\nOther commercial construction:\t\t\t\t\t\t\t\t\t\nLoan grades:\t\t\t\t\t\t\t\t\t\nPass\t721942\t2613554\t2229748\t1137823\t352930\t299184\t77873\t0\t7433054\nCriticized accrual\t26338\t223956\t365284\t243108\t166048\t14430\t0\t0\t1039164\nCriticized nonaccrual\t0\t0\t0\t4340\t3254\t24913\t5120\t0\t37627\nTotal other commercial construction\t748280\t2837510\t2595032\t1385271\t522232\t338527\t82993\t0\t8509845\n", "q10k_tbl_17": "\tTerm Loans by Origination Year\t\t\t\t\t\tRevolving\tRevolving Loans Converted to Term\t\n\t2020\t2019\t2018\t2017\t2016\tPrior\tLoans\tLoans\tTotal\n\t(In thousands)\t\t\t\t\t\t\t\t\nResidential:\t\t\t\t\t\t\t\t\t\nCurrent\t2089095\t1489244\t664588\t1282631\t756137\t7583780\t68834\t0\t13934309\n30-89 days past due\t4319\t8534\t5234\t17517\t6758\t143058\t0\t0\t185420\nAccruing loans past due 90 days or more\t387\t9213\t26596\t124510\t30048\t312696\t0\t0\t503450\nNonaccrual\t761\t4590\t1653\t5257\t1002\t284167\t206\t0\t297636\nTotal residential\t2094562\t1511581\t698071\t1429915\t793945\t8323701\t69040\t0\t14920815\nResidential - limited documentation:\t\t\t\t\t\t\t\t\t\nCurrent\t0\t0\t0\t0\t0\t1606130\t0\t0\t1606130\n30-89 days past due\t0\t0\t0\t0\t0\t20980\t0\t0\t20980\nAccruing loans past due 90 days or more\t0\t0\t0\t0\t0\t0\t0\t0\t0\nNonaccrual\t0\t0\t0\t0\t0\t115783\t0\t0\t115783\nTotal residential - limited documentation\t0\t0\t0\t0\t0\t1742893\t0\t0\t1742893\nConsumer:\t\t\t\t\t\t\t\t\t\nHome equity lines and loans:\t\t\t\t\t\t\t\t\t\nCurrent\t668\t4357\t1961\t2155\t163\t57998\t2622825\t1310702\t4000829\n30-89 days past due\t0\t0\t72\t0\t0\t1809\t1374\t18954\t22209\nAccruing loans past due 90 days or more\t0\t0\t0\t0\t0\t0\t0\t0\t0\nNonaccrual\t0\t20\t0\t52\t0\t5018\t6988\t66742\t78820\nTotal home equity lines and loans\t668\t4377\t2033\t2207\t163\t64825\t2631187\t1396398\t4101858\n", "q10k_tbl_18": "\tTerm Loans by Origination Year\t\t\t\t\t\tRevolving\tRevolving Loans Converted to Term\t\n\t2020\t2019\t2018\t2017\t2016\tPrior\tLoans\tLoans\tTotal\n\t(In thousands)\t\t\t\t\t\t\t\t\nRecreational finance:\t\t\t\t\t\t\t\t\t\nCurrent\t2323314\t1881732\t969243\t674896\t379441\t609500\t0\t0\t6838126\n30-89 days past due\t5130\t9073\t6755\t5091\t3168\t6786\t0\t0\t36003\nAccruing loans past due 90 days or more\t0\t0\t0\t0\t0\t0\t0\t0\t0\nNonaccrual\t1314\t3961\t3790\t4175\t2379\t8572\t0\t0\t24191\nTotal recreational finance\t2329758\t1894766\t979788\t684162\t384988\t624858\t0\t0\t6898320\nAutomobile:\t\t\t\t\t\t\t\t\t\nCurrent\t1084223\t1223790\t711515\t513607\t208741\t88092\t0\t0\t3829968\n30-89 days past due\t2884\t10573\t11193\t10126\t5170\t2960\t0\t0\t42906\nAccruing loans past due 90 days or more\t0\t0\t0\t0\t0\t0\t0\t0\t0\nNonaccrual\t1244\t7754\t11224\t11010\t6461\t4681\t0\t0\t42374\nTotal automobile\t1088351\t1242117\t733932\t534743\t220372\t95733\t0\t0\t3915248\nOther:\t\t\t\t\t\t\t\t\t\nCurrent\t132769\t154094\t62966\t39231\t6252\t31356\t908567\t1807\t1337042\n30-89 days past due\t1874\t890\t537\t243\t29\t570\t6954\t504\t11601\nAccruing loans past due 90 days or more\t0\t0\t0\t0\t0\t287\t6687\t0\t6974\nNonaccrual\t1540\t446\t442\t226\t43\t383\t35186\t299\t38565\nTotal other\t136183\t155430\t63945\t39700\t6324\t32596\t957394\t2610\t1394182\nTotal loans and leases at September 30 2020\t18549250\t15936862\t11120334\t8351948\t6393180\t20443519\t16208710\t1443245\t98447048\n", "q10k_tbl_19": "\t\tReal Estate\t\t\n\tCommercial\t\tResidential\tOther\n\tFinancial\t\tBuilder and\tCommercial\n\tLeasing etc.\tCommercial\tDeveloper\tConstruction\n\t(In thousands)\t\t\t\nDecember 31 2019\t\t\t\t\nPass\t22595821\t25728725\t1419162\t7092799\nCriticized accrual\t895790\t770609\t124101\t211292\nCriticized nonaccrual\t346557\t158474\t3982\t32770\nTotal\t23838168\t26657808\t1547245\t7336861\n", "q10k_tbl_20": "\tCommercial Financial\tReal Estate\t\t\t\n\tLeasing etc.\tCommercial\tResidential\tConsumer\tTotal\n\t(In thousands)\t\t\t\t\nBeginning balance\t398257\t576321\t118921\t544737\t1638236\nProvision for credit losses\t25450\t87403\t(683)\t37830\t150000\nNet charge-offs\t\t\t\t\t\nCharge-offs\t(14434)\t(4522)\t(1516)\t(31754)\t(52226)\nRecoveries\t4475\t2578\t960\t14482\t22495\nNet charge-offs\t(9959)\t(1944)\t(556)\t(17272)\t(29731)\nEnding balance\t413748\t661780\t117682\t565295\t1758505\n", "q10k_tbl_21": "\tCommercial Financial\tReal Estate\t\t\t\t\n\tLeasing etc.\tCommercial\tResidential\tConsumer\tUnallocated\tTotal\n\t(In thousands)\t\t\t\t\t\nBeginning balance\t335855\t343296\t61011\t211220\t78485\t1029867\nProvision for credit losses\t24538\t(16713)\t(309)\t37735\t(251)\t45000\nNet charge-offs\t\t\t\t\t\t\nCharge-offs\t(15678)\t(1107)\t(2721)\t(40735)\t0\t(60241)\nRecoveries\t6730\t1656\t1511\t13914\t0\t23811\nNet (charge-offs) recoveries\t(8948)\t549\t(1210)\t(26821)\t0\t(36430)\nEnding balance\t351445\t327132\t59492\t222134\t78234\t1038437\n", "q10k_tbl_22": "\tCommercial Financial\tReal Estate\t\t\t\t\n\tLeasing etc.\tCommercial\tResidential\tConsumer\tUnallocated\tTotal\n\t(In thousands)\t\t\t\t\t\nBeginning balance\t366094\t322201\t56033\t229118\t77625\t1051071\nAdoption of new accounting standard\t(61474)\t23656\t53896\t194004\t(77625)\t132457\nProvision for credit losses\t161444\t335159\t11458\t216939\t0\t725000\nNet charge-offs\t\t\t\t\t\t\nCharge-offs\t(63425)\t(23266)\t(8227)\t(116409)\t0\t(211327)\nRecoveries\t11109\t4030\t4522\t41643\t0\t61304\nNet charge-offs\t(52316)\t(19236)\t(3705)\t(74766)\t0\t(150023)\nEnding balance\t413748\t661780\t117682\t565295\t0\t1758505\n", "q10k_tbl_23": "\tCommercial Financial\tReal Estate\t\t\t\t\n\tLeasing etc.\tCommercial\tResidential\tConsumer\tUnallocated\tTotal\n\t(In thousands)\t\t\t\t\t\nBeginning balance\t330055\t341655\t69125\t200564\t78045\t1019444\nProvision for credit losses\t41146\t(6415)\t(5132)\t92212\t189\t122000\nNet charge-offs\t\t\t\t\t\t\nCharge-offs\t(40786)\t(11555)\t(9356)\t(113050)\t0\t(174747)\nRecoveries\t21030\t3447\t4855\t42408\t0\t71740\nNet charge-offs\t(19756)\t(8108)\t(4501)\t(70642)\t0\t(103007)\nEnding balance\t351445\t327132\t59492\t222134\t78234\t1038437\n", "q10k_tbl_24": "\tSeptember 30 2020\t\t\tJune 30 2020\tJanuary 1 2020\tThree Months Ended September 30 2020\tNine Months Ended September 30 2020\n\tAmortized Cost with Allowance\tAmortized Cost without Allowance\tTotal\tAmortized Cost\tAmortized Cost\tInterest Income Recognized\tInterest Income Recognized\n\t(In thousands)\t\t\t\t\t\t\nCommercial financial leasing etc.\t264515\t86113\t350628\t284654\t346743\t5999\t9035\nReal estate:\t\t\t\t\t\t\t\nCommercial\t86199\t166316\t252515\t172488\t173796\t993\t6782\nResidential builder and developer\t1833\t0\t1833\t1748\t4708\t114\t173\nOther commercial construction\t15441\t22186\t37627\t85426\t35881\t232\t6809\nResidential\t66302\t231334\t297636\t306907\t322504\t3410\t15258\nResidential - limited documentation\t29824\t85959\t115783\t118695\t114667\t114\t571\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t36134\t42686\t78820\t77094\t65039\t1017\t3236\nRecreational finance\t17637\t6554\t24191\t24152\t14308\t155\t461\nAutomobile\t37355\t5019\t42374\t42736\t21293\t47\t139\nOther\t3567\t34998\t38565\t42750\t35394\t174\t489\nTotal\t558807\t681165\t1239972\t1156650\t1134333\t12255\t42953\n", "q10k_tbl_25": "\tSeptember 30 2019\t\t\tJune 30 2019\tJanuary 1 2019\tThree Months Ended September 30 2019\tNine Months Ended September 30 2019\n\tAmortized Cost with Allowance\tAmortized Cost without Allowance\tTotal\tAmortized Cost\tAmortized Cost\tInterest Income Recognized\tInterest Income Recognized\n\t(In thousands)\t\t\t\t\t\t\nCommercial financial leasing etc.\t223183\t159626\t382809\t223733\t234423\t836\t7552\nReal estate:\t\t\t\t\t\t\t\nCommercial\t40203\t144429\t184632\t203116\t203672\t1802\t5212\nResidential builder and developer\t1596\t3379\t4975\t5985\t4798\t89\t308\nOther commercial construction\t15501\t15940\t31441\t32769\t22205\t488\t1669\nResidential\t57070\t166496\t223566\t210922\t233352\t3425\t10014\nResidential - limited documentation\t27803\t53876\t81679\t87551\t84685\t269\t795\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t23908\t36007\t59915\t66927\t71292\t1846\t4617\nRecreational finance\t6577\t5275\t11852\t11153\t11199\t147\t431\nAutomobile\t14596\t6443\t21039\t20170\t23359\t54\t161\nOther\t3066\t275\t3341\t3058\t4623\t145\t392\nTotal\t413503\t591746\t1005249\t865384\t893608\t9101\t31151\n", "q10k_tbl_26": "\t\t\tPost-modification (a)\t\t\t\t\n\tNumber\tPre- modification Recorded Investment\tPrincipal Deferral\tInterest Rate Reduction\tOther\tCombination of Concession Types\tTotal\nThree Months Ended September 30 2020\t(Dollars in thousands)\t\t\t\t\t\t\nCommercial financial leasing etc.\t112\t35037\t7145\t298\t0\t27512\t34955\nReal estate:\t\t\t\t\t\t\t\nCommercial\t50\t13293\t12506\t172\t30\t600\t13308\nResidential\t30\t8544\t5517\t0\t0\t3616\t9133\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t33\t3410\t129\t0\t0\t3286\t3415\nRecreational finance\t74\t2734\t2734\t0\t0\t0\t2734\nAutomobile\t403\t7007\t7005\t0\t0\t2\t7007\nOther\t383\t3046\t142\t0\t0\t2904\t3046\nTotal\t1085\t73071\t35178\t470\t30\t37920\t73598\nThree Months Ended September 30 2019\t\t\t\t\t\t\t\nCommercial financial leasing etc.\t26\t6145\t1441\t0\t0\t4666\t6107\nReal estate:\t\t\t\t\t\t\t\nCommercial\t9\t2986\t383\t0\t0\t2589\t2972\nResidential\t20\t5161\t3046\t0\t0\t2535\t5581\nResidential - limited documentation\t1\t236\t0\t0\t0\t240\t240\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t12\t1392\t0\t0\t0\t1399\t1399\nRecreational finance\t3\t61\t61\t0\t0\t0\t61\nAutomobile\t26\t485\t457\t0\t0\t28\t485\nTotal\t97\t16466\t5388\t0\t0\t11457\t16845\n", "q10k_tbl_27": "\t\t\tPost-modification (a)\t\t\t\t\n\tNumber\tPre- modification Recorded Investment\tPrincipal Deferral\tInterest Rate Reduction\tOther\tCombination of Concession Types\tTotal\nNine Months Ended September 30 2020\t(Dollars in thousands)\t\t\t\t\t\t\nCommercial financial leasing etc.\t279\t102865\t29762\t298\t31605\t40013\t101678\nReal estate:\t\t\t\t\t\t\t\nCommercial\t106\t94807\t24372\t505\t4830\t52916\t82623\nResidential builder and developer\t1\t91\t0\t0\t0\t90\t90\nResidential\t82\t27594\t11865\t0\t0\t19126\t30991\nResidential - limited documentation\t9\t2980\t2667\t0\t0\t1232\t3899\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t159\t11719\t688\t0\t0\t11057\t11745\nRecreational finance\t348\t13619\t13619\t0\t0\t0\t13619\nAutomobile\t1873\t33541\t33539\t0\t0\t2\t33541\nOther\t718\t5229\t824\t0\t0\t4405\t5229\nTotal\t3575\t292445\t117336\t803\t36435\t128841\t283415\nNine Months Ended September 30 2019\t\t\t\t\t\t\t\nCommercial financial leasing etc.\t115\t39357\t8582\t0\t0\t30827\t39409\nReal estate:\t\t\t\t\t\t\t\nCommercial\t38\t22567\t3947\t0\t0\t18197\t22144\nResidential builder and developer\t2\t1330\t1068\t0\t0\t0\t1068\nOther commercial construction\t2\t1456\t0\t0\t\t1399\t1399\nResidential\t63\t16490\t8805\t0\t0\t8842\t17647\nResidential - limited documentation\t4\t1084\t399\t0\t0\t705\t1104\nConsumer:\t\t\t\t\t\t\t\nHome equity lines and loans\t32\t3141\t90\t0\t0\t3078\t3168\nRecreational finance\t8\t164\t164\t0\t0\t0\t164\nAutomobile\t58\t991\t926\t0\t0\t65\t991\nTotal\t322\t86580\t23981\t0\t0\t63113\t87094\n", "q10k_tbl_28": "\tBusiness Banking\tCommercial Banking\tCommercial Real Estate\tDiscretionary Portfolio\tResidential Mortgage Banking\tRetail Banking\tAll Other\tTotal\nThree Months Ended September 30 2020\t(In thousands)\t\t\t\t\t\t\t\nClassification in consolidated statement of income\t\t\t\t\t\t\t\t\nService charges on deposit accounts\t11527\t22816\t2347\t0\t0\t53379\t1286\t91355\nTrust income\t0\t1\t0\t0\t0\t0\t149936\t149937\nBrokerage services income\t0\t0\t0\t0\t0\t0\t11602\t11602\nOther revenues from operations:\t\t\t\t\t\t\t\t\nMerchant discount and credit card fees\t10533\t10785\t492\t0\t0\t4159\t(315)\t25654\nOther\t0\t2940\t929\t205\t1127\t5994\t10212\t21407\n\t22060\t36542\t3768\t205\t1127\t63532\t172721\t299955\nThree Months Ended September 30 2019\t\t\t\t\t\t\t\t\nClassification in consolidated statement of income\t\t\t\t\t\t\t\t\nService charges on deposit accounts\t15131\t23427\t2415\t0\t0\t68455\t1664\t111092\nTrust income\t9\t242\t0\t0\t0\t0\t143664\t143915\nBrokerage services income\t0\t0\t0\t0\t0\t0\t12077\t12077\nOther revenues from operations:\t\t\t\t\t\t\t\t\nMerchant discount and credit card fees\t9692\t13409\t670\t0\t0\t4150\t269\t28190\nOther\t0\t1239\t1372\t503\t816\t9347\t7076\t20353\n\t24832\t38317\t4457\t503\t816\t81952\t164750\t315627\n", "q10k_tbl_29": "\tBusiness Banking\tCommercial Banking\tCommercial Real Estate\tDiscretionary Portfolio\tResidential Mortgage Banking\tRetail Banking\tAll Other\tTotal\nNine Months Ended September 30 2020\t(In thousands)\t\t\t\t\t\t\t\nClassification in consolidated statement of income\t\t\t\t\t\t\t\t\nService charges on deposit accounts\t38048\t69487\t7724\t0\t0\t155073\t4639\t274971\nTrust income\t18\t442\t0\t0\t0\t0\t450110\t450570\nBrokerage services income\t0\t0\t0\t0\t0\t0\t35194\t35194\nOther revenues from operations:\t\t\t\t\t\t\t\t\nMerchant discount and credit card fees\t29023\t32992\t1720\t0\t0\t9880\t261\t73876\nOther\t0\t5913\t2960\t1212\t3101\t15142\t32149\t60477\n\t67089\t108834\t12404\t1212\t3101\t180095\t522353\t895088\nNine Months Ended September 30 2019\t\t\t\t\t\t\t\t\nClassification in consolidated statement of income\t\t\t\t\t\t\t\t\nService charges on deposit accounts\t45415\t69731\t7303\t0\t4\t195267\t4271\t321991\nTrust income\t21\t680\t0\t0\t0\t0\t420382\t421083\nBrokerage services income\t0\t0\t0\t0\t0\t0\t37031\t37031\nOther revenues from operations:\t\t\t\t\t\t\t\t\nMerchant discount and credit card fees\t28469\t38630\t1772\t0\t0\t11854\t1291\t82016\nOther\t0\t5386\t5840\t1545\t2913\t27170\t26159\t69013\n\t73905\t114427\t14915\t1545\t2917\t234291\t489134\t931134\n", "q10k_tbl_30": "\tPension Benefits\t\tOther Postretirement Benefits\t\n\tThree Months Ended September 30\t\t\t\n\t2020\t2019\t2020\t2019\n\t(In thousands)\t\t\t\nService cost\t4986\t4324\t242\t215\nInterest cost on projected benefit obligation\t17855\t20394\t436\t586\nExpected return on plan assets\t(31378)\t(30534)\t0\t0\nAmortization of prior service cost (credit)\t125\t139\t(1175)\t(1182)\nAmortization of net actuarial loss (gain)\t13950\t5498\t(300)\t(312)\nNet periodic cost (benefit)\t5538\t(179)\t(797)\t(693)\n\tPension Benefits\t\tOther Postretirement Benefits\t\n\tNine Months Ended September 30\t\t\t\n\t2020\t2019\t2020\t2019\n\t(In thousands)\t\t\t\nService cost\t14958\t12970\t727\t644\nInterest cost on projected benefit obligation\t53565\t61184\t1306\t1758\nExpected return on plan assets\t(94134)\t(91604)\t0\t0\nAmortization of prior service cost (credit)\t404\t418\t(3544)\t(3547)\nAmortization of net actuarial loss (gain)\t42998\t16494\t(918)\t(935)\nNet periodic cost (benefit)\t17791\t(538)\t(2429)\t(2080)\n", "q10k_tbl_31": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\n\t(In thousands except per share)\t\t\t\nIncome available to common shareholders:\t\t\t\t\nNet income\t372136\t480081\t882012\t1436083\nLess: Preferred stock dividends\t(17050)\t(16103)\t(51178)\t(52364)\nNet income available to common equity\t355086\t463978\t830834\t1383719\nLess: Income attributable to unvested stock-based compensation awards\t(1687)\t(2568)\t(3631)\t(7591)\nNet income available to common shareholders\t353399\t461410\t827203\t1376128\nWeighted-average shares outstanding:\t\t\t\t\nCommon shares outstanding (including common stock issuable) and unvested stock-based compensation awards\t129061\t133703\t129518\t136156\nLess: Unvested stock-based compensation awards\t(776)\t(738)\t(768)\t(745)\nWeighted-average shares outstanding\t128285\t132965\t128750\t135411\nBasic earnings per common share\t2.75\t3.47\t6.42\t10.16\n", "q10k_tbl_32": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\n\t(In thousands except per share)\t\t\t\nNet income available to common equity\t355086\t463978\t830834\t1383719\nLess: Income attributable to unvested stock-based compensation awards\t(1686)\t(2568)\t(3630)\t(7590)\nNet income available to common shareholders\t353400\t461410\t827204\t1376129\nAdjusted weighted-average shares outstanding:\t\t\t\t\nCommon and unvested stock-based compensation awards\t129061\t133703\t129518\t136156\nLess: Unvested stock-based compensation awards\t(776)\t(738)\t(768)\t(745)\nPlus: Incremental shares from assumed conversion of stock-based compensation awards and warrants to purchase common stock\t70\t34\t63\t32\nAdjusted weighted-average shares outstanding\t128355\t132999\t128813\t135443\nDiluted earnings per common share\t2.75\t3.47\t6.42\t10.16\n", "q10k_tbl_33": "\tInvestment\tDefined Benefit\t\tTotal Amount\t\tIncome\t\n\tSecurities\tPlans\tOther\tBefore Tax\t\tTax\tNet\n\t(In thousands)\t\t\t\t\t\t\nBalance - January 1 2020\t50701\t(464548)\t133888\t(279959)\t\t73279\t(206680)\nOther comprehensive income before reclassifications:\t\t\t\t\t\t\t\nUnrealized holding gains net\t151777\t0\t0\t151777\t\t(39277)\t112500\nForeign currency translation adjustment\t0\t0\t(222)\t(222)\t\t(39)\t(261)\nUnrealized gains on cash flow hedges\t0\t0\t508226\t508226\t\t(131504)\t376722\nTotal other comprehensive income before reclassifications\t151777\t0\t508004\t659781\t\t(170820)\t488961\nAmounts reclassified from accumulated other comprehensive income that (increase) decrease net income:\t\t\t\t\t\t\t\nAmortization of unrealized holding losses on held-to-maturity (\"HTM\") securities\t2678\t0\t0\t2678\t(a)\t(725)\t1953\nGains realized in net income\t(3)\t0\t0\t(3)\t(b)\t1\t(2)\nAccretion of net gain on terminated cash flow hedges\t\t0\t(94)\t(94)\t(c)\t26\t(68)\nNet yield adjustment from cash flow hedges currently in effect\t0\t0\t(183598)\t(183598)\t(a)\t47506\t(136092)\nAmortization of prior service credit\t0\t(3140)\t0\t(3140)\t(d)\t927\t(2213)\nAmortization of actuarial losses\t0\t42080\t0\t42080\t(d)\t(12436)\t29644\nTotal other comprehensive income\t154452\t38940\t324312\t517704\t\t(135521)\t382183\nBalance - September 30 2020\t205153\t(425608)\t458200\t237745\t\t(62242)\t175503\nBalance - January 1 2019\t(200107)\t(354502)\t(14719)\t(569328)\t\t149247\t(420081)\nOther comprehensive income before reclassifications:\t\t\t\t\t\t\t\nUnrealized holding gains net\t237615\t0\t0\t237615\t\t(62432)\t175183\nForeign currency translation adjustment\t0\t0\t(2663)\t(2663)\t\t559\t(2104)\nUnrealized gains on cash flow hedges\t0\t0\t204587\t204587\t\t(53786)\t150801\nTotal other comprehensive income before reclassifications\t237615\t0\t201924\t439539\t\t(115659)\t323880\nAmounts reclassified from accumulated other comprehensive income that (increase) decrease net income:\t\t\t\t\t\t\t\nAmortization of unrealized holding losses on HTM securities\t2524\t0\t0\t2524\t(a)\t(663)\t1861\nLosses realized in net income\t7\t0\t0\t7\t(b)\t(2)\t5\nAccretion of net gain on terminated cash flow hedges\t0\t0\t(93)\t(93)\t(c)\t25\t(68)\nNet yield adjustment from cash flow hedges currently in effect\t0\t0\t6693\t6693\t(a)\t(1760)\t4933\nAmortization of prior service credit\t0\t(3129)\t0\t(3129)\t(d)\t823\t(2306)\nAmortization of actuarial losses\t0\t15559\t0\t15559\t(d)\t(4091)\t11468\nTotal other comprehensive income\t240146\t12430\t208524\t461100\t\t(121327)\t339773\nBalance - September 30 2019\t40039\t(342072)\t193805\t(108228)\t\t27920\t(80308)\n", "q10k_tbl_34": "\t\tDefined\tCash Flow\t\n\tInvestment\tBenefit\tHedges\t\n\tSecurities\tPlans\tand Other\tTotal\n\t(In thousands)\t\t\t\nBalance - December 31 2019\t37380\t(342419)\t98359\t(206680)\nNet gain during period\t114451\t27431\t240301\t382183\nBalance - September 30 2020\t151831\t(314988)\t338660\t175503\n", "q10k_tbl_35": "\t\t\tWeighted-\t\tEstimated\n\tNotional\tAverage\tAverage Rate\t\tFair Value\n\tAmount\tMaturity\tFixed\tVariable\tGain (Loss) (a)\n\t(In thousands)\t(In years)\t\t\t(In thousands)\nSeptember 30 2020\t\t\t\t\t\nFair value hedges:\t\t\t\t\t\nFixed rate long-term borrowings (b)\t2300000\t2.7\t2.80%\t0.69%\t(513)\nCash flow hedges:\t\t\t\t\t\nInterest payments on variable rate commercial real estate loans (b)(c)\t52250000\t1.1\t2.40%\t0.15%\t890\nTotal\t54550000\t1.1\t\t\t377\nDecember 31 2019\t\t\t\t\t\nFair value hedges:\t\t\t\t\t\nFixed rate long-term borrowings (b)\t3800000\t2.2\t2.51%\t2.27%\t(567)\nCash flow hedges:\t\t\t\t\t\nInterest payments on variable rate commercial real estate loans (b)(d)\t53750000\t1.4\t2.44%\t1.73%\t(1195)\nTotal\t57550000\t1.5\t\t\t(1762)\n", "q10k_tbl_36": "\tAsset Derivatives\t\tLiability Derivatives\t\n\tFair Value\t\tFair Value\t\n\tSeptember 30\tDecember 31\tSeptember 30\tDecember 31\n\t2020\t2019\t2020\t2019\n\t(In thousands)\t\t\t\nDerivatives designated and qualifying as hedging instruments\t\t\t\t\nInterest rate swap agreements (a)\t1710\t232\t1333\t1994\nCommitments to sell real estate loans (a)\t1525\t1195\t2264\t421\n\t3235\t1427\t3597\t2415\nDerivatives not designated and qualifying as hedging instruments\t\t\t\t\nMortgage-related commitments to originate real estate loans for sale (a)\t51786\t11965\t283\t1225\nCommitments to sell real estate loans (a)\t1795\t3074\t11066\t3548\nTrading:\t\t\t\t\nInterest rate contracts (b)\t1157856\t398295\t115361\t68103\nForeign exchange and other option and futures contracts (b)\t7694\t12506\t7624\t11800\n\t1219131\t425840\t134334\t84676\nTotal derivatives\t1222366\t427267\t137931\t87091\n", "q10k_tbl_37": "\tAmount of Gain (Loss) Recognized\t\t\t\n\tThree Months Ended September 30 2020\t\tThree Months Ended September 30 2019\t\n\tDerivative\tHedged Item\tDerivative\tHedged Item\n\t(In thousands)\t\t\t\nDerivatives in fair value hedging relationships\t\t\t\t\nInterest rate swap agreements:\t\t\t\t\nFixed rate long-term borrowings (a)\t(13067)\t12822\t22582\t(22412)\nDerivatives not designated as hedging instruments\t\t\t\t\nTrading:\t\t\t\t\nInterest rate contracts (b)\t(4776)\t\t6435\t\nForeign exchange and other option and futures contracts (b)\t1486\t\t2598\t\nTotal\t(3290)\t\t9033\t\n", "q10k_tbl_38": "\tAmount of Gain (Loss) Recognized\t\t\t\n\tNine Months Ended September 30 2020\t\tNine Months Ended September 30 2019\t\n\tDerivative\tHedged Item\tDerivative\tHedged Item\n\t(In thousands)\t\t\t\nDerivatives in fair value hedging relationships\t\t\t\t\nInterest rate swap agreements:\t\t\t\t\nFixed rate long-term borrowings (a)\t75760\t(75607)\t113441\t(112884)\nDerivatives not designated as hedging instruments\t\t\t\t\nTrading:\t\t\t\t\nInterest rate contracts (b)\t8988\t\t17639\t\nForeign exchange and other option and futures contracts (b)\t6555\t\t6690\t\nTotal\t15543\t\t24329\t\n", "q10k_tbl_39": "\tCarrying Amount of the Hedged Item\t\tCumulative Amount of Fair Value Hedging Adjustment Increasing (Decreasing) the Carrying Amount of the Hedged Item\t\n\tSeptember 30 2020\tDecember 31 2019\tSeptember 30 2020\tDecember 31 2019\n\t(In thousands)\t\t\t\nLocation in the Consolidated Balance Sheet of the Hedged Items in Fair Value Hedges\t\t\t\t\nLong-term debt\t2417559\t3840775\t119247\t43640\n", "q10k_tbl_40": "\tFair Value Measurements\tLevel 1\tLevel 2\tLevel 3\n\t(In thousands)\t\t\t\nSeptember 30 2020\t\t\t\t\nTrading account assets\t1215573\t50023\t1165550\t0\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t9370\t0\t9370\t0\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t5165701\t0\t5165701\t0\nPrivately issued\t16\t0\t0\t16\nOther debt securities\t127251\t0\t127251\t0\n\t5302338\t0\t5302322\t16\nEquity securities\t101182\t72856\t28326\t0\nReal estate loans held for sale\t909335\t0\t909335\t0\nOther assets (a)\t56816\t0\t5030\t51786\nTotal assets\t7585244\t122879\t7410563\t51802\nTrading account liabilities\t122985\t0\t122985\t0\nOther liabilities (a)\t14946\t0\t14663\t283\nTotal liabilities\t137931\t0\t137648\t283\nDecember 31 2019\t\t\t\t\nTrading account assets\t470129\t49040\t421089\t0\nInvestment securities available for sale:\t\t\t\t\nU.S. Treasury and federal agencies\t9767\t0\t9767\t0\nObligations of states and political subdivisions\t775\t0\t775\t0\nMortgage-backed securities:\t\t\t\t\nGovernment issued or guaranteed\t6180940\t0\t6180940\t0\nPrivately issued\t16\t0\t0\t16\nOther debt securities\t127278\t0\t127278\t0\n\t6318776\t0\t6318760\t16\nEquity securities\t140041\t100637\t39404\t0\nReal estate loans held for sale\t442079\t0\t442079\t0\nOther assets (a)\t16466\t0\t4501\t11965\nTotal assets\t7387491\t149677\t7225833\t11981\nTrading account liabilities\t79903\t0\t79903\t0\nOther liabilities (a)\t7188\t0\t5963\t1225\nTotal liabilities\t87091\t0\t85866\t1225\n", "q10k_tbl_41": "\tInvestment Securities Available for Sale\t\t\n\tPrivately Issued Mortgage-Backed Securities\tOther Assets and Other Liabilities\t\n2020\t(In thousands)\t\t\nBalance - June 30 2020\t16\t40106\t\nTotal gains realized/unrealized:\t\t\t\nIncluded in earnings\t0\t57819\t(a)\nSettlements\t0\t0\t\nTransfers out of Level 3\t0\t(46422)\t(b)\nBalance - September 30 2020\t16\t51503\t\nChanges in unrealized gains included in earnings related to assets still held at September 30 2020\t0\t44127\t(a)\n", "q10k_tbl_42": "2019\t\t\t\nBalance - June 30 2019\t16\t17200\t\nTotal gains realized/unrealized:\t\t\t\nIncluded in earnings\t0\t62178\t(a)\nSettlements\t0\t0\t\nTransfers out of Level 3\t0\t(55104)\t(b)\nBalance - September 30 2019\t16\t24274\t\nChanges in unrealized gains included in earnings related to assets still held at September 30 2019\t0\t19350\t(a)\n", "q10k_tbl_43": "\tInvestment Securities Available for Sale\t\t\n\tPrivately Issued Mortgage-Backed Securities\tOther Assets and Other Liabilities\t\n2020\t(In thousands)\t\t\nBalance - January 1 2020\t16\t10740\t\nTotal gains realized/unrealized:\t\t\t\nIncluded in earnings\t0\t150632\t(a)\nSettlements\t0\t0\t\nTransfers out of Level 3\t0\t(109869)\t(b)\nBalance - September 30 2020\t16\t51503\t\nChanges in unrealized gains included in earnings related to assets still held at September 30 2020\t0\t50411\t(a)\n", "q10k_tbl_44": "2019\t\t\t\nBalance - January 1 2019\t22\t7712\t\nTotal gains realized/unrealized:\t\t\t\nIncluded in earnings\t0\t115187\t(a)\nSettlements\t(6)\t0\t\nTransfers out of Level 3\t0\t(98625)\t(b)\nBalance - September 30 2019\t16\t24274\t\nChanges in unrealized gains included in earnings related to assets still held at September 30 2019\t0\t24981\t(a)\n", "q10k_tbl_45": "\tFair Value\tValuation Technique\tUnobservable Inputs/Assumptions\tRange (Weighted- Average)\n\t(In thousands)\t\t\t\nSeptember 30 2020\t\t\t\t\nRecurring fair value measurements\t\t\t\t\nPrivately issued mortgage- backed securities\t16\tTwo independent pricing quotes\t0\t0\nNet other assets (liabilities) (a)\t51503\tDiscounted cash flow\tCommitment expirations\t0% - 90%(18%)\nDecember 31 2019\t\t\t\t\nRecurring fair value measurements\t\t\t\t\nPrivately issued mortgage- backed securities\t16\tTwo independent pricing quotes\t0\t0\nNet other assets (liabilities) (a)\t10740\tDiscounted cash flow\tCommitment expirations\t0% - 99% (13%)\n", "q10k_tbl_46": "\tSeptember 30 2020\t\t\t\t\n\tCarrying Amount\tEstimated Fair Value\tLevel 1\tLevel 2\tLevel 3\n\t(In thousands)\t\t\t\t\nFinancial assets:\t\t\t\t\t\nCash and cash equivalents\t1489232\t1489232\t1437569\t51663\t0\nInterest-bearing deposits at banks\t20197937\t20197937\t0\t20197937\t0\nTrading account assets\t1215573\t1215573\t50023\t1165550\t0\nInvestment securities\t7723004\t7816236\t72856\t7670141\t73239\nLoans and leases:\t\t\t\t\t\nCommercial loans and leases\t27891648\t27422525\t0\t0\t27422525\nCommercial real estate loans\t37582084\t36343024\t0\t336039\t36006985\nResidential real estate loans\t16663708\t16935950\t0\t4070917\t12865033\nConsumer loans\t16309608\t16149710\t0\t0\t16149710\nAllowance for credit losses\t(1758505)\t0\t0\t0\t0\nLoans and leases net\t96688543\t96851209\t0\t4406956\t92444253\nAccrued interest receivable\t429751\t429751\t0\t429751\t0\nFinancial liabilities:\t\t\t\t\t\nNoninterest-bearing deposits\t(44201670)\t(44201670)\t0\t(44201670)\t0\nSavings and interest-checking deposits\t(65732130)\t(65732130)\t0\t(65732130)\t0\nTime deposits\t(4329550)\t(4357963)\t0\t(4357963)\t0\nDeposits at Cayman Islands office\t(899989)\t(899989)\t0\t(899989)\t0\nShort-term borrowings\t(46123)\t(46123)\t0\t(46123)\t0\nLong-term borrowings\t(5458885)\t(5540675)\t0\t(5540675)\t0\nAccrued interest payable\t(66158)\t(66158)\t0\t(66158)\t0\nTrading account liabilities\t(122985)\t(122985)\t0\t(122985)\t0\nOther financial instruments:\t\t\t\t\t\nCommitments to originate real estate loans for sale\t51503\t51503\t0\t0\t51503\nCommitments to sell real estate loans\t(10010)\t(10010)\t0\t(10010)\t0\nOther credit-related commitments\t(135416)\t(135416)\t0\t0\t(135416)\nInterest rate swap agreements used for interest rate risk management\t377\t377\t0\t377\t0\n", "q10k_tbl_47": "\tDecember 31 2019\t\t\t\t\n\tCarrying Amount\tEstimated Fair Value\tLevel 1\tLevel 2\tLevel 3\n\t\t(In thousands)\t\t\t\nFinancial assets:\t\t\t\t\t\nCash and cash equivalents\t1432805\t1432805\t1394984\t37821\t0\nInterest-bearing deposits at banks\t7190154\t7190154\t0\t7190154\t0\nFederal funds sold\t3500\t3500\t0\t3500\t0\nTrading account assets\t470129\t470129\t49040\t421089\t0\nInvestment securities\t9497251\t9539540\t100637\t9351793\t87110\nLoans and leases:\t\t\t\t\t\nCommercial loans and leases\t23838168\t23510908\t0\t0\t23510908\nCommercial real estate loans\t35541914\t35517180\t0\t28338\t35488842\nResidential real estate loans\t16156094\t16227274\t0\t3990848\t12236426\nConsumer loans\t15386693\t15413262\t0\t0\t15413262\nAllowance for credit losses\t(1051071)\t0\t0\t0\t0\nLoans and leases net\t89871798\t90668624\t0\t4019186\t86649438\nAccrued interest receivable\t333142\t333142\t0\t333142\t0\nFinancial liabilities:\t\t\t\t\t\nNoninterest-bearing deposits\t(32396407)\t(32396407)\t0\t(32396407)\t0\nSavings and interest-checking deposits\t(54932162)\t(54932162)\t0\t(54932162)\t0\nTime deposits\t(5757456)\t(5829347)\t0\t(5829347)\t0\nDeposits at Cayman Islands office\t(1684044)\t(1684044)\t0\t(1684044)\t0\nShort-term borrowings\t(62363)\t(62363)\t0\t(62363)\t0\nLong-term borrowings\t(6986186)\t(7063165)\t0\t(7063165)\t0\nAccrued interest payable\t(105374)\t(105374)\t0\t(105374)\t0\nTrading account liabilities\t(79903)\t(79903)\t0\t(79903)\t0\nOther financial instruments:\t\t\t\t\t\nCommitments to originate real estate loans for sale\t10740\t10740\t0\t0\t10740\nCommitments to sell real estate loans\t300\t300\t0\t300\t0\nOther credit-related commitments\t(136470)\t(136470)\t0\t0\t(136470)\nInterest rate swap agreements used for interest rate risk management\t(1762)\t(1762)\t0\t(1762)\t0\n", "q10k_tbl_48": "\tSeptember 30\tDecember 31\n\t2020\t2019\n\t(In thousands)\t\nCommitments to extend credit\t\t\nHome equity lines of credit\t5557722\t5442160\nCommercial real estate loans to be sold\t216353\t164076\nOther commercial real estate\t8031403\t9029608\nResidential real estate loans to be sold\t1134097\t423056\nOther residential real estate\t712964\t448375\nCommercial and other\t19921166\t16170731\nStandby letters of credit\t2354799\t2441432\nCommercial letters of credit\t32422\t41059\nFinancial guarantees and indemnification contracts\t4250654\t4108572\nCommitments to sell real estate loans\t1895436\t906037\n", "q10k_tbl_49": "\tThree Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n\tTotal Revenues(a)\tInter- segment Revenues\tNet Income (Loss)\tTotal Revenues(a)\tInter- segment Revenues\tNet Income (Loss)\n\t(In thousands)\t\t\t\t\t\nBusiness Banking\t131566\t(1)\t35614\t143741\t912\t46147\nCommercial Banking\t276125\t117\t131414\t282757\t980\t132668\nCommercial Real Estate\t202987\t(17)\t87095\t238364\t458\t131161\nDiscretionary Portfolio\t140135\t(10748)\t97399\t50871\t(10550)\t29604\nResidential Mortgage Banking\t161151\t22190\t45318\t115239\t19363\t15846\nRetail Banking\t351312\t268\t85229\t432339\t1808\t131638\nAll Other\t200380\t(11809)\t(109933)\t294358\t(12971)\t(6983)\nTotal\t1463656\t0\t372136\t1557669\t0\t480081\n", "q10k_tbl_50": "\tNine Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n\tTotal Revenues(a)\tInter- segment Revenues\tNet Income (Loss)\tTotal Revenues(a)\tInter- segment Revenues\tNet Income (Loss)\n\t(In thousands)\t\t\t\t\t\nBusiness Banking\t407485\t1028\t106103\t423830\t2772\t131668\nCommercial Banking\t855426\t1419\t386176\t828357\t2707\t388393\nCommercial Real Estate\t653405\t452\t311586\t682979\t1218\t370288\nDiscretionary Portfolio\t328181\t(33646)\t218758\t175764\t(29140)\t106816\nResidential Mortgage Banking\t428757\t64623\t107334\t295449\t51027\t36429\nRetail Banking\t1107516\t802\t281973\t1299823\t7106\t417198\nAll Other\t633461\t(34678)\t(529918)\t955868\t(35690)\t(14709)\nTotal\t4414231\t0\t882012\t4662070\t0\t1436083\n", "q10k_tbl_51": "\tAverage Total Assets\t\t\n\tNine Months Ended September 30\t\tYear Ended December 31\n\t2020\t2019\t2019\n\t(In millions)\t\t\nBusiness Banking\t7902\t5758\t5793\nCommercial Banking\t30450\t28089\t28142\nCommercial Real Estate\t25594\t23893\t23921\nDiscretionary Portfolio\t27878\t29355\t29081\nResidential Mortgage Banking\t3530\t2444\t2611\nRetail Banking\t16231\t14839\t15083\nAll Other\t20845\t14206\t14953\nTotal\t132430\t118584\t119584\n", "q10k_tbl_52": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Adopted in 2020\t\t\t\nMeasurement of Credit Losses on Financial Instruments\tThe amended guidance replaces the incurred loss model for determining the allowance for credit losses. The guidance requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses will represent a valuation account that is deducted from the amortized cost basis of the financial assets to present their net carrying value at the amount expected to be collected. The income statement will reflect the measurement of credit losses for newly recognized financial assets as well as expected increases or decreases of expected credit losses that have taken place during the period. When determining the allowance expected credit losses over the contractual term of the financial asset(s) (taking into account prepayments) will be estimated considering relevant information about past events current conditions and reasonable and supportable forecasts that affect the collectibility of the reported amount. The amended guidance also requires recording an allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination. The initial allowance for these assets will be added to the purchase price at acquisition rather than being reported as an expense. Subsequent changes in the allowance will be recorded in the income statement as an adjustment the to the provision for credit losses. In addition the amended guidance requires credit losses relating to debt securities to be recorded through an allowance for credit losses.\tJanuary 1 2020\tThe Company adopted the guidance on January 1 2020. The Company's approach for estimating current expected credit losses for loans includes utilizing macro-economic assumptions to project losses over a two-year reasonable and supportable forecast period. Subsequent to the forecast period the Company reverts to longer term historical loss experience to estimate expected credit losses over the remaining contractual life. Based on portfolio composition then current economic conditions and reasonable and supportable forecasts of future conditions the Company recognized an increase to the allowance for credit losses of $132 million upon adoption of the standard as of January 1 2020 as compared with the allowance for credit losses recognized on its consolidated balance sheet at December 31 2019. The $132 million increase was recognized as a cumulative-effect adjustment to retained earnings as of January 1 2020. The effect on the allowance for credit losses was primarily attributable to increases in reserves for residential mortgage loans and consumer loans which generally have longer estimated lives as compared with commercial and commercial real estate loans. The adoption did not have a material effect on the allowance for credit losses for debt securities.\nSimplifying the Test for Goodwill Impairment\tThe amended guidance eliminates step 2 from the goodwill impairment test.\tJanuary 1 2020\tThe Company adopted the amended guidance effective January 1 2020 using a prospective transition method and will incorporate the guidance as necessary when circumstances arise for the guidance to be utilized. The Company does not expect the guidance will have a material impact on its consolidated financial statements unless at some point in the future one of its reporting units were to fail step 1 of the goodwill impairment test.\n", "q10k_tbl_53": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Adopted in 2020\t\t\t\nChanges to the Disclosure Requirements for Fair Value Measurements\tThe amended guidance modifies the disclosure requirements on fair value measurements in Topic 820 Fair Value Measurements. The amendments are a result of the disclosure framework project that focuses on improvements to the effectiveness of disclosures in the notes to financial statements. The amendments remove modify and add certain disclosure requirements. The disclosure requirements removed relating to public companies are (1) the amount and reason for transfers between Level 1 and Level 2 of the fair value hierarchy (2) the policy for timing of transfers between levels and (3) the valuation process for Level 3 fair value measurements. The disclosure requirements modified relating to public companies are (1) for investments in certain entities that calculate net asset value an entity is required to disclose the timing of liquidation of an investee's asset and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly and (2) the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as a result of the use of unobservable inputs. The disclosure requirements added relating to public companies are (1) to disclose the changes in unrealized gains and losses for the period for recurring Level 3 fair value measurements and (2) to disclose the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements.\tJanuary 1 2020\tThe Company adopted the amended guidance effective January 1 2020. A prospective transition method is being used for the amendments relating to disclosures being added under the guidance. Such disclosures relate to changes in unrealized gains and losses the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. All other amendments relating to removing or modifying certain disclosures are applied retrospectively. The adoption of the guidance did not have a material impact on the Company's consolidated financial statements.\nCustomer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract\tThe amended guidance requires a hosting arrangement that is a service contract to follow the guidance in Subtopic 350-40 to determine which implementation costs to capitalize and which costs to expense.\tJanuary 1 2020\tThe Company adopted the amended guidance effective January 1 2020 using a prospective transition method. The impact of the guidance on the Company's consolidated financial statements is dependent on the nature and amount of actual expenditures but was not material for the nine months ended September 302020.\nImprovements to Related Party Guidance for VIEs\tThe amended guidance requires that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests.\tJanuary 1 2020\tThe guidance did not have a material impact on the Company's consolidated financial statements.\n", "q10k_tbl_54": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Not Yet Adopted as of September 30 2020\t\t\t\nChanges to the Disclosure Requirements for Defined Benefit Plans\tThe amended guidance modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The disclosure requirements being removed relating to public companies are (1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year (2) the amount and timing of plan assets expected to be returned to the employer (3) the 2001 disclosure requirement relating to Japanese Welfare Pension Insurance Law (4) related party disclosures about the amount of future annual benefits covered by insurance and (5) the effects of a one-percentage-point change in assumed health care cost trends on the benefit cost and obligation. The disclosure requirements being added relating to public companies are (1) the weighted-average interest crediting rates for cash balance plans and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period.\tJanuary 1 2021 Early adoption permitted\tThe amendments should be applied retrospectively. The Company does not expect the guidance to have a material impact on its consolidated financial statements.\nClarifying the Interactions Between Equity Securities Equity Method and Joint Ventures and Derivatives and Hedging\tThe amendments clarify the following guidance: 1. That an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in the equity securities investments guidance immediately before applying or upon discontinuing the equity method of accounting. 2. For the purpose of applying the derivatives and hedging guidance an entity should not consider whether upon the settlement of a forward contract or exercise of a purchased option individually or with existing investments the underlying securities would be accounted for under the equity method of accounting or the fair value option in accordance with the financial instruments guidance. An entity also would evaluate the remaining characteristics in the derivatives and hedging guidance to determine the accounting for those forward contracts and purchased options.\tJanuary 1 2021 Early adoption permitted\tThe amendments should be applied on a prospective basis. The Company does not expect the guidance will have a material impact on its consolidated financial statements.\n", "q10k_tbl_55": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Not Yet Adopted as of September 30 2020\t\t\t\nSimplifying the Accounting for Income Taxes\tThe amendments remove the following exceptions for accounting for income taxes: 1. Exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items (for example discontinued operations or other comprehensive income) 2. Exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment 3. Exception to the ability not to recognize a deferred tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary 4. Exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. The amendments also simplify the accounting for income taxes by doing the following: 1. Requiring that an entity recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax. 2. Requiring that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill was originally recognized and when it should be considered a separate transaction. 3. Specifying that an entity is not required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements. However an entity may elect to do so (on an entity-by-entity basis) for a legal entity that is both not subject to tax and disregarded by the taxing authority. 4. Requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. 5. Making minor Codification improvements for income taxes related to employee stock ownership plans and investments in qualified affordable housing projects accounted for using the equity method.\tJanuary 1 2021 Early adoption permitted\tThe amendments related to separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented. The amendments related to changes in ownership of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The amendments related to franchise taxes that are partially based on income should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. All other amendments should be applied on a prospective basis. Early adoption of the amendments in an interim period would require recognition of any adjustments as of the beginning of the annual period that includes that interim period. Additionally an early adoption election would require adoption of all the amendments in the same period. The Company does not expect the guidance to have a material impact on its consolidated financial statements.\n", "q10k_tbl_56": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Not Yet Adopted as of September 30 2020\t\t\t\nReference Rate Reform\tThe amendments provide optional expedients and exceptions for applying GAAP to contractshedging relationships and other transactions affected by reference rate reform. The amendments apply only to contracts hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments (1) apply to contract modifications that replace a reference rate affected by reference rate reform (2) provide exceptions to existing guidance related to changes to the critical terms of a hedging relationship due to reference rate reform (3) provide optional expedients for fair value hedging relationships cash flow hedging relationships and net investment hedging relationships and (4) provide a onetime election to sell transfer or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1 2020.\tBeginning March 12 2020\tThe amendments for contract modifications can be elected to be applied as of any date from the beginning of an interim period that includes or is subsequent to March 12 2020 or prospectively from a date within an interim period that includes or is subsequent to March 12 2020. The amendments for existing hedging relationships can be elected to be applied as of the beginning of the interim period that includes March 12 2020 and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12 2020. The Company does not expect the guidance to have a material impact on its consolidated financial statements.\n", "q10k_tbl_57": "Standard\tDescription\tRequired date of adoption\tEffect on consolidated financial statements\nStandards Not Yet Adopted as of September 30 2020\t\t\t\nChanges to Accounting for Convertible Instruments and Contracts in an Entity's Own Equity\tThe amendments reduce the number of accounting models for convertible debt instruments and convertible preferred stock. The amendments also reduce form-over-substance-based guidance for the derivatives scope exception for contacts in an entity's own equity. For convertible instruments embedded conversion features no longer are separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives or that do not result in substantial premiums accounted for as paid-in capital. Consequently a convertible debt instrument will be accounted for as a single liability measured at its amortized cost and a convertible preferred stock will be accounted for as a single equity instrument measured at its historical cost as long as no other features require bifurcation and recognition as derivatives. By removing those separation models the interest rate of convertible debt instruments typically will be closer to the coupon interest rate on the instrument. The amendments also require certain changes to EPS calculations for convertible instruments as well as additional disclosures relating to conditions that cause conversion features to be met. For contacts in an entity's own equity the amendments revise the derivatives scope exception guidance as follows: 1. Remove the settlement in unregistered shares collateral and shareholder rights conditions from the settlement guidance. 2. Clarify that payment penalties for failure to timely file do not preclude equity classification. 3. Require instruments that are required to be classified as an asset or liability to be measured subsequently at fair value with changes reported in earnings and disclosed in the financial statements. 4. Clarifiy that the scope of the disclosure requirements in the Contracts in an Entity's Own Equity section of the Derivatives guidance applies only to freestanding instruments. 5. Clarify that the scope of the reassessment guidance in the Contracts in an Entity's Own Equity section of the Derivatives guidance applies to both freestanding instruments and embedded features.\tJanuary 1 2022 Early adoption permitted but no earlier than January 1 2021\tThe amendments can be applied either on a modified retrospective method of transition or a fully retrospective method of transition. In applying the modified retrospective method the guidance should be applied to transactions outstanding as of the beginning of the fiscal year in which the amendments are adopted. Transactions that were settled (or expired) during prior reporting periods are unaffected. The cumulative effect of the change should be recognized as an adjustment to the opening balance of retained earnings at the date of adoption. If applying the fully retrospective method of transition the cumulative effect of the change should be recognized as an adjustment to the opening balance of retained earnings in the first comparative period presented. The fair value option is allowed to be irrevocably elected for any financial instrument that is a convertible security upon adoption of the amendments. The Company has not yet decided on which transition method will be applied to the extent applicable. The Company does not expect the guidance will have a material impact on its consolidated financial statements.\n", "q10k_tbl_58": "\t\tPercent Increase\t\t\n\t\t(Decrease) from\t\t\n\t3rd Qtr.\t3rd Qtr.\t2nd Qtr.\t\n\t2020\t2019\t2020\t\n\t(In millions)\t\t\t\nCommercial financial etc.\t28333\t21%\t(5)\t%\nReal estate - commercial\t37243\t6\t1\t\nReal estate - consumer\t16558\t(1)\t6\t\nConsumer\t\t\t\t\nRecreational finance\t6696\t32\t11\t\nHome equity lines and loans\t4153\t(10)\t(3)\t\nAutomobile\t3831\t1\t0\t\nOther\t1396\t0\t0\t\nTotal consumer\t16076\t8\t4\t\nTotal\t98210\t9%\t-%\t\n", "q10k_tbl_59": "\t\tPercent Increase\t\n\t\t(Decrease) from\t\n\t3rd Qtr.\t3rd Qtr.\t2nd Qtr.\n\t2020\t2019\t2020\n\t(In millions)\t\t\nSavings and interest-checking deposits\t61664\t16%\t5%\nTime deposits\t4103\t(22)\t(11)\nNoninterest-bearing deposits\t44786\t47\t5\nTotal\t110553\t24%\t4%\n", "q10k_tbl_60": "\tRetail\tTrust\tCommercial and Other\tTotal\n\t(In millions)\t\t\t\nThree Months Ended September 30 2020\t\t\t\t\nSavings and interest-checking deposits\t29902\t5323\t30623\t65848\nTime deposits\t4452\t49\t214\t4715\nNoninterest-bearing deposits\t6977\t5408\t32401\t44786\nDeposits at Cayman Islands office\t0\t0\t957\t957\nTotal\t41331\t10780\t64195\t116306\nThree Months Ended June 30 2020\t\t\t\t\nSavings and interest-checking deposits\t28665\t5524\t28738\t62927\nTime deposits\t5051\t51\t252\t5354\nNoninterest-bearing deposits\t6570\t5369\t30558\t42497\nDeposits at Cayman Islands office\t0\t0\t1017\t1017\nTotal\t40286\t10944\t60565\t111795\nThree Months Ended September 30 2019\t\t\t\t\nSavings and interest-checking deposits\t26535\t6627\t22518\t55680\nTime deposits\t5762\t52\t529\t6343\nNoninterest-bearing deposits\t5370\t4016\t21164\t30550\nDeposits at Cayman Islands office\t0\t0\t1522\t1522\nTotal\t37667\t10695\t45733\t94095\n", "q10k_tbl_61": "\tThree Months Ended September 30\t\t\t\t\n.\t2020\t\t2019\t\t\n\tAmount\tRate(a)\tAmount\t\tRate(a)\n\t(Dollars in thousands)\t\t\t\t\nIncrease (decrease) in:\t\t\t\t\t\nInterest income\t82404\t.26%\t4483\t\t.02%\nInterest expense\t(12312)\t(.06)\t\t3340\t.02\nNet interest income/margin\t94716\t.29%\t1143\t\t-%\nAverage notional amount (c)\t15780436\t\t17319565\t\t\nRate received (b)\t\t2.60%\t\t\t2.39%\nRate paid (b)\t\t.25\t%\t\t2.37%\n", "q10k_tbl_62": "\tNine Months Ended September 30\t\t\t\t\t\n\t2020\t\t2019\t\t\t\n\tAmount\tRate(a)\tAmount\t\tRate(a)\t\n\t(Dollars in thousands)\t\t\t\t\t\nIncrease (decrease) in:\t\t\t\t\t\t\nInterest income\t183598\t.20%\t(6693)\t\t(.01)\t%\nInterest expense\t(28258)\t(.05)\t\t16068\t.03\t\nNet interest income/margin\t211856\t.23%\t(22761)\t\t(.02)\t%\nAverage notional amount (c)\t16275182\t\t15944505\t\t\t\nRate received (b)\t\t2.55%\t\t\t2.35%\t\nRate paid (b)\t\t.84\t%\t\t2.54%\t\n", "q10k_tbl_63": "\tCalculated Increase (Decrease) in Projected Net Interest Income\t\nChanges in interest rates\tSeptember 30 2020\tDecember 31 2019\n\t(In thousands)\t\n+200 basis points\t224647\t45345\n+100 basis points\t127554\t35838\n-100 basis points\t(37516)\t(94616)\n", "q10k_tbl_64": "\tBalance December 31 2019\tImpact of Adoption Increase (Decrease)\tBalance January 1 2020\n\t(In thousands)\t\t\nCommercial financial leasing etc.\t366094\t(61474)\t304620\nCommercial real estate\t322201\t23656\t345857\nResidential real estate\t56033\t53896\t109929\nConsumer\t229118\t194004\t423122\nUnallocated\t77625\t(77625)\t0\nTotal\t1051071\t132457\t1183528\n", "q10k_tbl_65": "\t2020\t\t\t\n\tFirst Quarter\tSecond Quarter\tThird Quarter\tYear- to-date\n\t(In thousands)\t\t\t\nCommercial financial leasing etc.\t13122\t29235\t9959\t52316\nReal estate:\t\t\t\t\nCommercial\t834\t16458\t1944\t19236\nResidential\t3428\t(279)\t556\t3705\nConsumer\t31778\t25716\t17272\t74766\n\t49162\t71130\t29731\t150023\n", "q10k_tbl_66": "\t2019\t\t\t\n\tFirst Quarter\tSecond Quarter\tThird Quarter\tYear- to-date\n\t(In thousands)\t\t\t\nCommercial financial leasing etc.\t706\t10102\t8948\t19756\nReal estate:\t\t\t\t\nCommercial\t(543)\t9200\t(549)\t8108\nResidential\t1542\t1749\t1210\t4501\nConsumer\t20402\t23419\t26821\t70642\n\t22107\t44470\t36430\t103007\n", "q10k_tbl_67": "\t\t\t\tQuarter Ended\t\t\n\tSeptember 30 2020\t\t\tSeptember 30 2020\t\t\n\t\tNonaccrual\t\tNet Charge-offs (Recoveries)\t\t\n\t\t\t\t\tPercent of\t\n\t\t\tPercent of\t\tAverage\t\n\tOutstanding\t\tOutstanding\t\tOutstanding\t\n\tBalances\tBalances\tBalances\tBalances\tBalances\t\n\t(Dollars in thousands)\t\t\t\t\t\nResidential mortgages:\t\t\t\t\t\t\nNew York\t5153998\t112001\t2.17%\t(199)\t(.02\t%)\nPennsylvania\t1100845\t11013\t1.00\t(55)\t(.02)\t\nMaryland\t1329097\t14168\t1.07\t32\t.01\t\nNew Jersey\t2879628\t76381\t2.65\t195\t.03\t\nOther Mid-Atlantic (a)\t1171572\t11914\t1.02\t163\t.06\t\nOther\t3200975\t71744\t2.24\t433\t.06\t\nTotal\t14836115\t297221\t2.00%\t569\t.02%\t\nResidential construction loans:\t\t\t\t\t\t\nNew York\t24376\t147\t.60%\t0\t-%\t\nPennsylvania\t4714\t240\t5.09\t0\t0\t\nMaryland\t13915\t0\t0\t0\t0\t\nNew Jersey\t14418\t0\t0\t0\t0\t\nOther Mid-Atlantic (a)\t19916\t0\t0\t0\t0\t\nOther\t7361\t28\t.38\t0\t0\t\nTotal\t84700\t415\t.49%\t0\t-%\t\nLimited documentation first mortgages:\t\t\t\t\t\t\nNew York\t794475\t53031\t6.67%\t4\t-%\t\nPennsylvania\t36048\t4783\t13.27\t0\t0\t\nMaryland\t20580\t1296\t6.30\t4\t.08\t\nNew Jersey\t639053\t34744\t5.44\t0\t0\t\nOther Mid-Atlantic (a)\t17086\t1410\t8.25\t0\t0\t\nOther\t235651\t20519\t8.71\t(21)\t(.03)\t\nTotal\t1742893\t115783\t6.64%\t(13)\t-%\t\nFirst lien home equity loans and lines of credit:\t\t\t\t\t\t\nNew York\t1035060\t18494\t179\t41\t.02%\t\nPennsylvania\t628542\t10269\t1.63\t78\t.05\t\nMaryland\t506866\t9474\t1.87\t138\t.11\t\nNew Jersey\t69039\t970\t1.41\t(13)\t(.07)\t\nOther Mid-Atlantic (a)\t177886\t1994\t1.12\t25\t.06\t\nOther\t31539\t1598\t5.07\t(1)\t(.02)\t\nTotal\t2448932\t42799\t1.75%\t268\t.04%\t\nJunior lien home equity loans and lines of credit:\t\t\t\t\t\t\nNew York\t622702\t16490\t2.65%\t1126\t.71%\t\nPennsylvania\t223789\t3363\t1.50\t(405)\t(.71)\t\nMaryland\t456416\t9818\t2.15\t(240)\t(.20)\t\nNew Jersey\t92542\t1448\t1.56\t(233)\t(.99)\t\nOther Mid-Atlantic (a)\t213091\t3753\t1.76\t(353)\t(.65)\t\nOther\t39754\t957\t2.41\t(139)\t(1.39)\t\nTotal\t1648294\t35829\t2.17%\t(244)\t(.06\t%)\nLimited documentation junior lien:\t\t\t\t\t\t\nNew York\t410\t55\t13.41%\t(1)\t(.75\t%)\nPennsylvania\t201\t0\t0\t0\t0\t\nMaryland\t928\t25\t2.69\t(6)\t(2.13)\t\nNew Jersey\t120\t0\t0\t0\t0\t\nOther Mid-Atlantic (a)\t484\t32\t6.61\t0\t0\t\nOther\t2489\t80\t3.21\t(31)\t(4.62)\t\nTotal\t4632\t192\t4.14%\t(38)\t(2.97\t%)\n", "q10k_tbl_68": "\t2020 Quarters\t\t\t2019 Quarters\t\n\tThird\tSecond\tFirst\tFourth\tThird\n\t(Dollars in thousands)\t\t\t\t\nNonaccrual loans\t1239972\t1156650\t1061748\t963112\t1005249\nReal estate and other foreclosed assets\t49872\t66763\t83605\t85646\t79735\nTotal nonperforming assets\t1289844\t1223413\t1145353\t1048758\t1084984\nAccruing loans past due 90 days or more(a)\t527258\t535755\t530317\t518728\t461162\nGovernment guaranteed loans included in totals above:\t\t\t\t\t\nNonaccrual loans\t45975\t51165\t50561\t50891\t43144\nAccruing loans past due 90 days or more\t505446\t454269\t464243\t479829\t434132\nRenegotiated loans\t242581\t234768\t232439\t234424\t240781\nAcquired accruing loans past due 90 days or more(b)\tN/A\tN/A\tN/A\t39632\t40733\nPurchased impaired loans(c):\t\t\t\t\t\nOutstanding customer balance\tN/A\tN/A\tN/A\t415413\t453382\nCarrying amount\tN/A\tN/A\tN/A\t227545\t253496\nNonaccrual loans to total loans and leases net of unearned discount\t1.26%\t1.18%\t1.13%\t1.06%\t1.12%\nNonperforming assets to total net loans and leases and real estate and other foreclosed assets\t1.31%\t1.25%\t1.22%\t1.15%\t1.21%\nAccruing loans past due 90 days or more(a) to total loans and leases net of unearned discount\t.54%\t.55%\t.56%\t.57%\t.51%\n", "q10k_tbl_69": "\tSeptember 30 2020\t\t\nCommercial financial leasing etc.\tTotal\tPPP\tCOVID-19 Related Modifications\n\t(In millions)\t\t\nIndustry\t\t\t\nServices\t5763\t2029\t177\nMotor vehicle and recreational finance dealers\t3739\t383\t62\nManufacturing\t3761\t689\t120\nFinancial and insurance\t2295\t104\t82\nHealth services\t2183\t759\t18\nWholesale\t2091\t432\t85\nConstruction\t2029\t980\t46\nRetail\t1744\t450\t57\nTransportation communications utilities\t1693\t303\t71\nReal estate investors\t1652\t193\t81\nOther\t942\t213\t16\nTotal\t27892\t6535\t815\n", "q10k_tbl_70": "\tSeptember 30 2020\t\nCommercial real estate\tTotal\tCOVID-19 Related Modifications\n\t(In millions)\t\nInvestor-owned\t\t\nPermanent finance by property type\t\t\nRetail/Service\t4765\t1135\nApartments/Multifamily\t4680\t301\nOffice\t4390\t344\nHotel\t2689\t2035\nHealth facilities\t2569\t107\nIndustrial/Warehouse\t1535\t85\nOther\t349\t0\nTotal permanent\t20977\t4007\nTotal construction/development\t9524\t666\nTotal investor-owned\t30501\t4673\nOwner-occupied by industry\t\t\nOther services\t1416\t169\nRetail\t1181\t85\nMotor vehicle and recreational finance dealers\t1143\t1\nHealth services\t859\t51\nWholesale\t769\t79\nManufacturing\t563\t22\nOther\t1150\t46\nTotal owner-occupied\t7081\t453\nTotal\t37582\t5126\n", "q10k_tbl_71": "\tSeptember 30 2020\t\n\tTotal\tCOVID-19 Related Modifications\n\t(In millions)\t\nResidential real estate\t16664\t3307\nConsumer\t\t\nHomes equity lines and loans\t4102\t26\nRecreational finance\t6899\t40\nAutomobile\t3915\t63\nOther\t1394\t2\nTotal consumer\t16310\t131\n", "q10k_tbl_72": "\tM&T\tM&T\tWilmington\n\t(Consolidated)\tBank\tTrust N.A.\nCommon equity Tier 1\t9.81%\t10.78%\t61.96%\nTier 1 capital\t11.01%\t10.78%\t61.96%\nTotal capital\t13.31%\t12.60%\t62.17%\nTier 1 leverage\t8.51%\t8.34%\t12.48%\n", "q10k_tbl_73": "\t2020 Quarters\t\t\t2019 Quarters\t\t\t\n\tThird\tSecond\tFirst\tFourth\tThird\tSecond\tFirst\nEarnings and dividends\t\t\t\t\t\t\t\nAmounts in thousands except per share\t\t\t\t\t\t\t\nInterest income (taxable-equivalent basis)\t1005180\t1036476\t1125482\t1191295\t1235048\t1243838\t1232276\nInterest expense\t58066\t75105\t143614\t177070\t199579\t196432\t176249\nNet interest income\t947114\t961371\t981868\t1014225\t1035469\t1047406\t1056027\nLess: provision for credit losses\t150000\t325000\t250000\t54000\t45000\t55000\t22000\nOther income\t520561\t487273\t529360\t521040\t527779\t512095\t500765\nLess: other expense\t826774\t807042\t906416\t823683\t877619\t873032\t894348\nIncome before income taxes\t490901\t316602\t354812\t657582\t640629\t631469\t640444\nApplicable income taxes\t114746\t71314\t80927\t159124\t154969\t152284\t151735\nTaxable-equivalent adjustment\t4019\t4234\t5063\t5392\t5579\t5925\t5967\nNet income\t372136\t241054\t268822\t493066\t480081\t473260\t482742\nNet income available to common shareholders-diluted\t353400\t223099\t250701\t473372\t461410\t452633\t462086\nPer common share data\t\t\t\t\t\t\t\nBasic earnings\t2.75\t1.74\t1.93\t3.60\t3.47\t3.34\t3.35\nDiluted earnings\t2.75\t1.74\t1.93\t3.60\t3.47\t3.34\t3.35\nCash dividends\t1.10\t1.10\t1.10\t1.10\t1.00\t1.00\t1.00\nAverage common shares outstanding\t\t\t\t\t\t\t\nBasic\t128285\t128275\t129696\t131512\t132965\t135433\t137889\nDiluted\t128355\t128333\t129755\t131549\t132999\t135464\t137920\nPerformance ratios annualized\t\t\t\t\t\t\t\nReturn on\t\t\t\t\t\t\t\nAverage assets\t1.06%\t.71%\t.90%\t1.60%\t1.58%\t1.60%\t1.68%\nAverage common shareholders' equity\t9.53%\t6.13%\t7.00%\t12.95%\t12.73%\t12.68%\t13.14%\nNet interest margin on average earning assets (taxable-equivalent basis)\t2.95%\t3.13%\t3.65%\t3.64%\t3.78%\t3.91%\t4.04%\nNonaccrual loans to total loans and leases net of unearned discount\t1.26%\t1.18%\t1.13%\t1.06%\t1.12%\t.96%\t.99%\nNet operating (tangible) results (a)\t\t\t\t\t\t\t\nNet operating income (in thousands)\t375029\t243958\t271705\t496237\t483830\t477001\t486440\nDiluted net operating income per common share\t2.77\t1.76\t1.95\t3.62\t3.50\t3.37\t3.38\nAnnualized return on\t\t\t\t\t\t\t\nAverage tangible assets\t1.10%\t.74%\t.94%\t1.67%\t1.66%\t1.68%\t1.76%\nAverage tangible common shareholders' equity\t13.94%\t9.04%\t10.39%\t19.08%\t18.85%\t18.83%\t19.56%\nEfficiency ratio (b)\t56.17%\t55.71%\t58.91%\t53.15%\t55.95%\t55.98%\t57.56%\nBalance sheet data\t\t\t\t\t\t\t\nIn millions except per share\t\t\t\t\t\t\t\nAverage balances\t\t\t\t\t\t\t\nTotal assets (c)\t140181\t136446\t120585\t122554\t120388\t118487\t116839\nTotal tangible assets (c)\t135574\t131836\t115972\t117938\t115769\t113864\t112213\nEarning assets\t127689\t123492\t108226\t110581\t108643\t107511\t106096\nInvestment securities\t7876\t8500\t9102\t10044\t11075\t12170\t12949\nLoans and leases net of unearned discount\t98210\t97797\t91706\t90244\t90078\t89150\t88477\nDeposits\t116306\t111795\t96166\t96903\t94095\t91371\t89733\nCommon shareholders' equity (c)\t14823\t14703\t14470\t14582\t14464\t14398\t14337\nTangible common shareholders' equity (c)\t10216\t10093\t9857\t9966\t9845\t9775\t9711\nAt end of quarter\t\t\t\t\t\t\t\nTotal assets (c)\t138627\t139537\t124578\t119873\t125501\t121555\t120025\nTotal tangible assets (c)\t134021\t134928\t119966\t115258\t120883\t116934\t115400\nEarning assets\t126418\t127149\t112046\t107673\t113067\t110323\t108849\nInvestment securities\t7723\t8454\t8957\t9497\t10678\t11580\t12537\nLoans and leases net of unearned discount\t98447\t97758\t94142\t90923\t89823\t89878\t88640\nDeposits\t115163\t114968\t100183\t94770\t95114\t91681\t90470\nCommon shareholders' equity net of undeclared cumulative preferred dividends (c)\t14851\t14695\t14566\t14467\t14530\t14457\t14353\nTangible common shareholders' equity (c)\t10245\t10086\t9954\t9852\t9912\t9836\t9728\nEquity per common share\t115.75\t114.54\t113.54\t110.78\t109.84\t107.73\t105.04\nTangible equity per common share\t79.85\t78.62\t77.60\t75.44\t74.93\t73.29\t71.19\n", "q10k_tbl_74": "\t2020 Quarters\t\t\t2019 Quarters\t\t\t\n\tThird\tSecond\tFirst\tFourth\tThird\tSecond\tFirst\nIncome statement data (in thousands except per share)\t\t\t\t\t\t\t\nNet income\t\t\t\t\t\t\t\nNet income\t372136\t241054\t268822\t493066\t480081\t473260\t482742\nAmortization of core deposit and other intangible assets (a)\t2893\t2904\t2883\t3171\t3749\t3741\t3698\nNet operating income\t375029\t243958\t271705\t496237\t483830\t477001\t486440\nEarnings per common share\t\t\t\t\t\t\t\nDiluted earnings per common share\t2.75\t1.74\t1.93\t3.60\t3.47\t3.34\t3.35\nAmortization of core deposit and other intangible assets (a)\t.02\t.02\t.02\t.02\t.03\t.03\t.03\nDiluted net operating earnings per common share\t2.77\t1.76\t1.95\t3.62\t3.50\t3.37\t3.38\nOther expense\t\t\t\t\t\t\t\nOther expense\t826774\t807042\t906416\t823683\t877619\t873032\t894348\nAmortization of core deposit and other intangible assets\t(3914)\t(3913)\t(3913)\t(4305)\t(5088)\t(5077)\t(5020)\nNoninterest operating expense\t822860\t803129\t902503\t819378\t872531\t867955\t889328\nEfficiency ratio\t\t\t\t\t\t\t\nNoninterest operating expense (numerator)\t822860\t803129\t902503\t819378\t872531\t867955\t889328\nTaxable-equivalent net interest income\t947114\t961371\t981868\t1014225\t1035469\t1047406\t1056027\nOther income\t520561\t487273\t529360\t521040\t527779\t512095\t500765\nLess: Gain (loss) on bank investment securities\t2773\t6969\t(20782)\t(6452)\t3737\t8911\t11841\nDenominator\t1464902\t1441675\t1532010\t1541717\t1559511\t1550590\t1544951\nEfficiency ratio\t56.17%\t55.71%\t58.91%\t53.15%\t55.95%\t55.98%\t57.56%\nBalance sheet data (in millions)\t\t\t\t\t\t\t\nAverage assets\t\t\t\t\t\t\t\nAverage assets\t140181\t136446\t120585\t122554\t120388\t118487\t116839\nGoodwill\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\nCore deposit and other intangible assets\t(19)\t(23)\t(27)\t(31)\t(36)\t(41)\t(45)\nDeferred taxes\t5\t6\t7\t8\t10\t11\t12\nAverage tangible assets\t135574\t131836\t115972\t117938\t115769\t113864\t112213\nAverage common equity\t\t\t\t\t\t\t\nAverage total equity\t16073\t15953\t15720\t15832\t15837\t15630\t15569\nPreferred stock\t(1250)\t(1250)\t(1250)\t(1250)\t(1373)\t(1232)\t(1232)\nAverage common equity\t14823\t14703\t14470\t14582\t14464\t14398\t14337\nGoodwill\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\nCore deposit and other intangible assets\t(19)\t(23)\t(27)\t(31)\t(36)\t(41)\t(45)\nDeferred taxes\t5\t6\t7\t8\t10\t11\t12\nAverage tangible common equity\t10216\t10093\t9857\t9966\t9845\t9775\t9711\nAt end of quarter\t\t\t\t\t\t\t\nTotal assets\t\t\t\t\t\t\t\nTotal assets\t138627\t139537\t124578\t119873\t125501\t121555\t120025\nGoodwill\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\nCore deposit and other intangible assets\t(17)\t(21)\t(25)\t(29)\t(33)\t(38)\t(44)\nDeferred taxes\t4\t5\t6\t7\t8\t10\t12\nTotal tangible assets\t134021\t134928\t119966\t115258\t120883\t116934\t115400\nTotal common equity\t\t\t\t\t\t\t\nTotal equity\t16101\t15945\t15816\t15717\t15780\t15692\t15588\nPreferred stock\t(1250)\t(1250)\t(1250)\t(1250)\t(1250)\t(1232)\t(1232)\nUndeclared dividends - cumulative preferred stock\t0\t0\t0\t0\t0\t(3)\t(3)\nCommon equity net of undeclared cumulative preferred dividends\t14851\t14695\t14566\t14467\t14530\t14457\t14353\nGoodwill\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\t(4593)\nCore deposit and other intangible assets\t(17)\t(21)\t(25)\t(29)\t(33)\t(38)\t(44)\nDeferred taxes\t4\t5\t6\t7\t8\t10\t12\nTotal tangible common equity\t10245\t10086\t9954\t9852\t9912\t9836\t9728\n", "q10k_tbl_75": "\t2020 Third Quarter\t\t\t2020 Second Quarter\t\t\t2020 First Quarter\t\t\n\tAverage Balance\tInterest\tAverage Rate\tAverage Balance\tInterest\tAverage Rate\tAverage Balance\tInterest\tAverage Rate\nAverage balance in millions; interest in thousands\t\t\t\t\t\t\t\t\t\nAssets\t\t\t\t\t\t\t\t\t\nEarning assets\t\t\t\t\t\t\t\t\t\nLoans and leases net of unearned discount (a)\t\t\t\t\t\t\t\t\t\nCommercial financial etc.\t28333\t217171\t3.05%\t29733\t229058\t3.10%\t24290\t247344\t4.10%\nReal estate - commercial\t37243\t398619\t4.19\t36947\t412362\t4.42\t36034\t440291\t4.83\nReal estate - consumer\t16558\t152594\t3.69\t15599\t156135\t4.00\t15931\t160650\t4.03\nConsumer\t16076\t192223\t4.76\t15518\t187041\t4.85\t15451\t203546\t5.30\nTotal loans and leases net\t98210\t960607\t3.89\t97797\t984596\t4.05\t91706\t1051831\t4.61\nInterest-bearing deposits at banks\t16440\t4163\t.10\t16454\t4179\t.10\t6130\t18966\t1.24\nFederal funds sold and agreements to resell securities\t5113\t1615\t.13\t692\t197\t.11\t1224\t4072\t1.34\nTrading account\t50\t201\t1.62\t49\t248\t2.04\t64\t419\t2.64\nInvestment securities (b)\t\t\t\t\t\t\t\t\t\nU.S. Treasury and federal agencies\t7177\t37157\t2.06\t7796\t43889\t2.26\t8359\t45449\t2.19\nObligations of states and political subdivisions\t2\t23\t4.51\t3\t37\t5.11\t3\t41\t5.01\nOther\t697\t1414\t.81\t701\t3330\t1.91\t740\t4704\t2.56\nTotal investment securities\t7876\t38594\t1.95\t8500\t47256\t2.24\t9102\t50194\t2.22\nTotal earning assets\t127689\t1005180\t3.13\t123492\t1036476\t3.38\t108226\t1125482\t4.18\nAllowance for credit losses\t(1649)\t\t\t(1401)\t\t\t(1191)\t\t\nCash and due from banks\t1390\t\t\t1245\t\t\t1298\t\t\nOther assets\t12751\t\t\t13110\t\t\t12252\t\t\nTotal assets\t140181\t\t\t136446\t\t\t120585\t\t\nLiabilities and shareholders' equity\t\t\t\t\t\t\t\t\t\nInterest-bearing liabilities\t\t\t\t\t\t\t\t\t\nInterest-bearing deposits\t\t\t\t\t\t\t\t\t\nSavings and interest-checking deposits\t65848\t22403\t.14\t62927\t26454\t.17\t56366\t78002\t.56\nTime deposits\t4715\t14519\t1.22\t5354\t19883\t1.49\t5672\t21872\t1.55\nDeposits at Cayman Islands office\t957\t241\t.10\t1017\t161\t.06\t1672\t3419\t.82\nTotal interest-bearing deposits\t71520\t37163\t.21\t69298\t46498\t.27\t63710\t103293\t.65\nShort-term borrowings\t62\t1\t.01\t63\t2\t.01\t58\t23\t.16\nLong-term borrowings\t5499\t20902\t1.51\t6189\t28605\t1.86\t6240\t40298\t2.60\nTotal interest-bearing liabilities\t77081\t58066\t.30\t75550\t75105\t.40\t70008\t143614\t.83\nNoninterest-bearing deposits\t44786\t\t\t42497\t\t\t32456\t\t\nOther liabilities\t2241\t\t\t2446\t\t\t2401\t\t\nTotal liabilities\t124108\t\t\t120493\t\t\t104865\t\t\nShareholders' equity\t16073\t\t\t15953\t\t\t15720\t\t\nTotal liabilities and shareholders' equity\t140181\t\t\t136446\t\t\t120585\t\t\nNet interest spread\t\t\t2.83\t\t\t2.98\t\t\t3.35\nContribution of interest-free funds\t\t\t.12\t\t\t.15\t\t\t.30\nNet interest income/margin on earning assets\t\t947114\t2.95%\t\t961371\t3.13%\t\t981868\t3.65%\n", "q10k_tbl_76": "\t2019 Fourth Quarter\t\t\t2019 Third Quarter\t\t\n\tAverage Balance\tInterest\tAverage Rate\tAverage Balance\tInterest\tAverage Rate\nAverage balance in millions; interest in thousands\t\t\t\t\t\t\nAssets\t\t\t\t\t\t\nEarning assets\t\t\t\t\t\t\nLoans and leases net of unearned discount (a)\t\t\t\t\t\t\nCommercial financial etc.\t23548\t258969\t4.36%\t23326\t283291\t4.82%\nReal estate - commercial\t35039\t452752\t5.06\t35200\t462759\t5.14\nReal estate - consumer\t16330\t169371\t4.15\t16673\t175098\t4.20\nConsumer\t15327\t203205\t5.26\t14879\t204097\t5.44\nTotal loans and leases net\t90244\t1084297\t4.77\t90078\t1125245\t4.96\nInterest-bearing deposits at banks\t8944\t37277\t1.65\t7405\t40388\t2.16\nFederal funds sold and agreements to resell securities\t1279\t5405\t1.68\t18\t93\t2.01\nTrading account\t70\t765\t4.36\t67\t149\t.89\nInvestment securities (b)\t\t\t\t\t\t\nU.S. Treasury and federal agencies\t9272\t57123\t2.44\t10271\t62506\t2.41\nObligations of states and political subdivisions\t5\t64\t4.96\t6\t74\t4.99\nOther\t767\t6364\t3.29\t798\t6593\t3.28\nTotal investment securities\t10044\t63551\t2.51\t11075\t69173\t2.48\nTotal earning assets\t110581\t1191295\t4.27\t108643\t1235048\t4.51\nAllowance for credit losses\t(1040)\t\t\t(1034)\t\t\nCash and due from banks\t1298\t\t\t1303\t\t\nOther assets\t11715\t\t\t11476\t\t\nTotal assets\t122554\t\t\t120388\t\t\nLiabilities and shareholders' equity\t\t\t\t\t\t\nInterest-bearing liabilities\t\t\t\t\t\t\nInterest-bearing deposits\t\t\t\t\t\t\nSavings and interest-checking deposits\t57103\t95585\t.66\t55680\t104724\t.75\nTime deposits\t6015\t23958\t1.58\t6343\t25456\t1.59\nDeposits at Cayman Islands office\t1716\t4922\t1.14\t1522\t6218\t1.62\nTotal interest-bearing deposits\t64834\t124465\t.76\t63545\t136398\t.85\nShort-term borrowings\t675\t3168\t1.86\t1212\t6967\t2.28\nLong-term borrowings\t6941\t49437\t2.83\t7121\t56214\t3.13\nTotal interest-bearing liabilities\t72450\t177070\t.97\t71878\t199579\t1.10\nNoninterest-bearing deposits\t32069\t\t\t30550\t\t\nOther liabilities\t2203\t\t\t2123\t\t\nTotal liabilities\t106722\t\t\t104551\t\t\nShareholders' equity\t15832\t\t\t15837\t\t\nTotal liabilities and shareholders' equity\t122554\t\t\t120388\t\t\nNet interest spread\t\t\t3.30\t\t\t3.41\nContribution of interest-free funds\t\t\t.34\t\t\t.37\nNet interest income/margin on earning assets\t\t1014225\t3.64%\t\t1035469\t3.78%\n", "q10k_tbl_77": "\tIssuer Purchases of Equity Securities\t\t\t\nPeriod\t(a)Total Number of Shares (or Units) Purchased (1)\t(b)Average Price Paid per Share (or Unit)\t(c)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs\t(d)Maximum Number (or Approximate Dollar Value) of Shares (or Units) that may yet be Purchased Under the Plans or Programs (2)\nJuly 1 - July 31 2020\t0\t0\t0\t0\nAugust 1 - August 31 2020\t300\t105.95\t0\t0\nSeptember 1 - September 30 2020\t230\t103.26\t0\t0\nTotal\t530\t104.78\t0\t\n", "q10k_tbl_78": "Exhibit No.\t\n31.1\tCertification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.\n31.2\tCertification of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.\n32.1\tCertification of Chief Executive Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.\n32.2\tCertification of Chief Financial Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.\n101.INS\tInline XBRL Instance Document. Filed herewith.\n101.SCH\tInline XBRL Taxonomy Extension Schema. Filed herewith.\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase. Filed herewith.\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase. Filed herewith.\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase. Filed herewith.\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase. Filed herewith.\n104\tThe cover page from M&T Bank Corporation's Quarterly Report on Form 10-Q for the quarter ended September 30 2020 has been formatted in Inline XBRL.\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_73", "cf": "q10k_tbl_5"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 1-9861
M&T BANK CORPORATION
(Exact name of registrant as specified in its charter)
New York
16-0968385
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
One M & T Plaza
Buffalo, New York
14203
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(716) 635-4000
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbols
Name of Each Exchange on Which Registered
Common Stock, $.50 par value
MTB
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒Yes☐ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No
Number of shares of the registrant's Common Stock, $0.50 par value, outstanding as of the close of business on October 30, 2020: 128,292,616 shares.
M&T BANK CORPORATION
FORM 10-Q
For the Quarterly Period Ended September 30, 2020
Table of Contents of Information Required in Report