The following table provides information regarding changes in the total Allowance for Credit Losses during the three and six months ended June 30, 2025 and 2024. TABLE 47: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED JUNE 30, 2025 | | (In Millions) | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | HELD TO MATURITY DEBT SECURITIES | OTHER FINANCIAL ASSETS | TOTAL | | Balance at Beginning of Period | $ | 167.1 | | $ | 32.8 | | $ | 6.7 | | $ | 0.7 | | $ | 207.3 | | | Charge-Offs | (0.1) | | — | | — | | — | | (0.1) | | | Recoveries | 0.4 | | — | | — | | — | | 0.4 | | | Net Recoveries (Charge-Offs) | 0.3 | | — | | — | | — | | 0.3 | | Provision for Credit Losses(1) | 13.1 | | 1.9 | | 0.2 | | 0.4 | | 15.6 | | | Balance at End of Period | $ | 180.5 | | $ | 34.7 | | $ | 6.9 | | $ | 1.1 | | $ | 223.2 | |
(1) The table excludes a provision for credit losses of $0.9 million for the three months ended June 30, 2025 for AFS debt securities. See further detail in Note 4—Securities. | | | | | | | | | | | | | | | | | | | | | | | | | SIX MONTHS ENDED JUNE 30, 2025 | | (In Millions) | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | DEBT SECURITIES HELD TO MATURITY | OTHER FINANCIAL ASSETS | TOTAL | | Balance at Beginning of Period | $ | 168.0 | | $ | 30.4 | | $ | 6.5 | | $ | 1.0 | | $ | 205.9 | | | Charge-Offs | (0.4) | | — | | — | | — | | (0.4) | | | Recoveries | 0.9 | | — | | — | | — | | 0.9 | | | Net Recoveries (Charge-Offs) | 0.5 | | — | | — | | — | | 0.5 | | Provision for Credit Losses(1) | 12.0 | | 4.3 | | 0.4 | | 0.1 | | 16.8 | | | Balance at End of Period | $ | 180.5 | | $ | 34.7 | | $ | 6.9 | | $ | 1.1 | | $ | 223.2 | |
(1) The table excludes a provision for credit losses of $0.7 million for the six months ended June 30, 2025 for AFS debt securities. See further detail in Note 4—Securities. | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED JUNE 30, 2024 | | (In Millions) | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | HELD TO MATURITY DEBT SECURITIES | OTHER FINANCIAL ASSETS | TOTAL | | Balance at Beginning of Period | $ | 162.4 | | $ | 25.2 | | $ | 12.4 | | $ | 1.0 | | $ | 201.0 | | | Charge-Offs | (0.3) | | — | | — | | — | | (0.3) | | | Recoveries | 0.4 | | — | | — | | — | | 0.4 | | | Net Recoveries (Charge-Offs) | 0.1 | | — | | — | | — | | 0.1 | | Provision for Credit Losses(1) | 5.2 | | 4.3 | | (1.5) | | (0.1) | | 7.9 | | | Balance at End of Period | $ | 167.7 | | $ | 29.5 | | $ | 10.9 | | $ | 0.9 | | $ | 209.0 | |
(1) The table excludes a provision for credit losses of $0.1 million for the three months ended June 30, 2024 for AFS debt securities. See further detail in Note 4—Securities. The following table provides information regarding changes in the Allowance for Credit Losses related to loans, including undrawn loan commitments and standby letters of credit, by segment during the three and six months ended June 30, 2025 and 2024.TABLE 48: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES RELATED TO LOANS | | | | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED JUNE 30, 2025 | | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | | (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | | Balance at Beginning of Period | $ | 133.6 | | $ | 33.5 | | $ | 167.1 | | $ | 30.7 | | $ | 2.1 | | $ | 32.8 | | | Charge-Offs | — | | (0.1) | | (0.1) | | — | | — | | — | | | Recoveries | — | | 0.4 | | 0.4 | | — | | — | | — | | | Net Recoveries (Charge-Offs) | — | | 0.3 | | 0.3 | | — | | — | | — | | | Provision for Credit Losses | 12.2 | | 0.9 | | 13.1 | | 1.8 | | 0.1 | | 1.9 | | | Balance at End of Period | $ | 145.8 | | $ | 34.7 | | $ | 180.5 | | $ | 32.5 | | $ | 2.2 | | $ | 34.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | SIX MONTHS ENDED JUNE 30, 2025 | | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | | (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | | Balance at Beginning of Period | $ | 138.5 | | $ | 29.5 | | $ | 168.0 | | $ | 28.3 | | $ | 2.1 | | $ | 30.4 | | | Charge-Offs | (0.3) | | (0.1) | | (0.4) | | — | | — | | — | | | Recoveries | 0.1 | | 0.8 | | 0.9 | | — | | — | | — | | | Net Recoveries (Charge-Offs) | (0.2) | | 0.7 | | 0.5 | | — | | — | | — | | | Provision for Credit Losses | 7.5 | | 4.5 | | 12.0 | | 4.2 | | 0.1 | | 4.3 | | | Balance at End of Period | $ | 145.8 | | $ | 34.7 | | $ | 180.5 | | $ | 32.5 | | $ | 2.2 | | $ | 34.7 | |
| | | | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED JUNE 30, 2024 | | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | | (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | | Balance at Beginning of Period | $ | 131.7 | | $ | 30.7 | | $ | 162.4 | | $ | 22.5 | | $ | 2.7 | | $ | 25.2 | | | Charge-Offs | — | | (0.3) | | (0.3) | | — | | — | | — | | | Recoveries | — | | 0.4 | | 0.4 | | — | | — | | — | | | Net Recoveries (Charge-Offs) | — | | 0.1 | | 0.1 | | — | | — | | — | | | Provision for Credit Losses | 5.2 | | — | | 5.2 | | 4.7 | | (0.4) | | 4.3 | | | Balance at End of Period | $ | 136.9 | | $ | 30.8 | | $ | 167.7 | | $ | 27.2 | | $ | 2.3 | | $ | 29.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | SIX MONTHS ENDED JUNE 30, 2024 | | LOANS | UNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT | | (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | | Balance at Beginning of Period | $ | 146.8 | | $ | 31.9 | | $ | 178.7 | | $ | 24.9 | | $ | 2.0 | | $ | 26.9 | | | Charge-Offs | (11.0) | | (0.4) | | (11.4) | | — | | — | | — | | | Recoveries | — | | 1.1 | | 1.1 | | — | | — | | — | | | Net Recoveries (Charge-Offs) | (11.0) | | 0.7 | | (10.3) | | — | | — | | — | | | Provision for Credit Losses | 1.1 | | (1.8) | | (0.7) | | 2.3 | | 0.3 | | 2.6 | | | Balance at End of Period | $ | 136.9 | | $ | 30.8 | | $ | 167.7 | | $ | 27.2 | | $ | 2.3 | | $ | 29.5 | |
The following table provides information regarding the recorded investments in loans and the Allowance for Credit Losses for loans and undrawn loan commitments and standby letters of credit by segment as of June 30, 2025 and December 31, 2024. TABLE 49: RECORDED INVESTMENTS IN LOANS | | | | | | | | | | | | | | | | | | | | | | JUNE 30, 2025 | DECEMBER 31, 2024 | | (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | | Loans | | | | | | | | Evaluated on an Individual Basis | $ | 50.6 | | $ | 47.1 | | $ | 97.7 | | $ | 35.9 | | $ | 30.0 | | $ | 65.9 | | | Evaluated on a Collective Basis | 20,034.9 | | 23,190.8 | | 43,225.7 | | 20,242.9 | | 23,081.8 | | 43,324.7 | | | Total Loans | 20,085.5 | | 23,237.9 | | 43,323.4 | | 20,278.8 | | 23,111.8 | | 43,390.6 | | | Allowance for Credit Losses on Loans | | | | | | | | Evaluated on an Individual Basis | 9.5 | | 4.0 | | 13.5 | | 1.2 | | 2.0 | | 3.2 | | | Evaluated on a Collective Basis | 136.3 | | 30.7 | | 167.0 | | 137.3 | | 27.5 | | 164.8 | | | Allowance Assigned to Loans | 145.8 | | 34.7 | | 180.5 | | 138.5 | | 29.5 | | 168.0 | | | | | | | | | | | | | | | | | | | | | | | | Allowance Assigned to Undrawn Loan Commitments and Standby Letters of Credit - Evaluated on a Collective Basis | 32.5 | | 2.2 | | 34.7 | | 28.3 | | 2.1 | | 30.4 | | | Total Allowance Assigned to Loans and Undrawn Loan Commitments and Standby Letters of Credit | $ | 178.3 | | $ | 36.9 | | $ | 215.2 | | $ | 166.8 | | $ | 31.6 | | $ | 198.4 | |
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