Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | OFG BANCORP | |
Entity Central Index Key | 1,030,469 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 51,265,231 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Cash and cash equivalents | ||
Cash and Due from Banks | $ 537,945 | $ 478,182 |
Money market investments | 5,805 | 7,021 |
Total cash and cash equivalents | 543,750 | 485,203 |
Restricted Cash | 3,030 | 3,030 |
Investments: | ||
Trading Securities, at fair value | 405 | 191 |
Investment securities available-for-sale, at fair value | 848,552 | 645,797 |
Investment securities held-to-maturity, at amortized cost | 444,679 | 506,064 |
Federal Home Loan Bank (FHLB) stock, at cost | 12,461 | 13,995 |
Other investments | 3 | 3 |
Total investments | 1,306,100 | 1,166,050 |
Loans: | ||
Loans held-for-sale, at lower of cost or fair value | 8,979 | 12,272 |
Loans held for investment, net of allowance | 4,344,001 | 4,044,057 |
Total loans, net | 4,352,980 | 4,056,329 |
Other asset | ||
Foreclosed real estate | 37,868 | 44,174 |
Accrued interest receivable | 33,452 | 49,969 |
Deferred tax asset, net | 122,934 | 127,421 |
Premises and equipment, net | 67,762 | 67,860 |
Customers' liability on acceptances | 28,682 | 27,663 |
Servicing Assets | 10,866 | 9,821 |
Derivative assets | 1,265 | 771 |
Goodwill | 86,069 | 86,069 |
Other assets | 61,916 | 64,693 |
Total assets | 6,656,674 | 6,189,053 |
Deposits: | ||
Demand deposits | 2,304,067 | 2,039,126 |
Savings accounts | 1,243,535 | 1,251,398 |
Tme Deposits | 1,541,391 | 1,508,958 |
Total deposits | 5,088,993 | 4,799,482 |
Borrowings: | ||
Securities Sold under Agreements to Repurchase | 378,237 | 192,869 |
Advances from FHLB | 73,531 | 99,643 |
Subordinated capital notes | 36,083 | 36,083 |
Other borrowings | 192 | 153 |
Total borrowings | 488,043 | 328,748 |
Derivative liabilities | 622 | 1,281 |
Acceptances executed and outstanding | 28,682 | 27,644 |
Accrued expenses and other liabilities | 80,448 | 86,791 |
Total liabilities | 5,686,788 | 5,243,946 |
Stockholders' equity: | ||
Preferred Stock | 92,000 | 92,000 |
Convertible Preferred Stock | 84,000 | 84,000 |
Common stock | 52,626 | 52,626 |
Additional paid-in capital | 542,078 | 541,600 |
Legal surplus | 87,563 | 81,454 |
Retained earnings | 236,120 | 200,878 |
Treasury stock, at cost | (103,706) | (104,502) |
Accumulated Other Comprehensive (Loss) Income, Net of Tax | (20,795) | (2,949) |
Total stockholders' equity | 969,886 | 945,107 |
Total liabilities and stockholders' equity | $ 6,656,674 | $ 6,189,053 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) | 3 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Amortized cost of trading securities | $ 647,000 | $ 647,000 |
Amortized cost of investment securities available-for-sale | 872,895,000 | 648,800,000 |
Fair value of held to maturity securities | 425,066,000 | 497,681,000 |
Allowance for loan and lease losses | $ 165,742,000 | $ 167,509,000 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, par value | $ 1 | $ 1 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 52,625,869 | 52,625,869 |
Common stock, shares outstanding | 44,005,741 | 43,947,442 |
Treasury stock, at cost, shares | 8,620,003 | 8,678,427 |
Tax effect on accumulated other comprehensive income (loss) | $ (2,904,000) | $ (564,000) |
Series A Preferred Stock | ||
Preferred stock, shares issued | 1,340,000 | 1,340,000 |
Preferred stock, liquidation value | $ 25 | $ 25 |
Series B Preferred Stock | ||
Preferred stock, shares issued | 1,380,000 | 1,380,000 |
Preferred stock, liquidation value | $ 25 | $ 25 |
Series C Convertible Preferred Stock | ||
Preferred stock, shares issued | 84,000 | 84,000 |
Preferred stock, liquidation value | $ 1,000 | $ 1,000 |
Series D Preferred Stock Member | ||
Preferred stock, shares issued | 960,000 | 960,000 |
Preferred stock, liquidation value | $ 25 | $ 25 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income: | ||||
Loans | $ 84,016 | $ 82,467 | $ 237,057 | $ 237,355 |
Mortgage-backed securities | 8,173 | 6,245 | 23,258 | 20,728 |
Investment securities | 1,948 | 1,643 | 4,998 | 4,390 |
Total interest income | 94,137 | 90,355 | 265,313 | 262,473 |
Interest expense: | ||||
Deposits | 8,605 | 7,601 | 23,554 | 22,606 |
Securities sold under agreements to repurchase | 2,242 | 1,282 | 5,159 | 6,260 |
Advances from FHLB and other borrowings | 517 | 596 | 1,339 | 1,799 |
Subordinated capital notes | 496 | 398 | 1,402 | 1,149 |
Total interest expense | 11,860 | 9,877 | 31,454 | 31,814 |
Net interest income | 82,277 | 80,478 | 233,859 | 230,659 |
Provision for Loan, Lease, and Other Losses | 14,601 | 44,042 | 44,808 | 88,232 |
Net interest income after provision for loan and lease losses | 67,676 | 36,436 | 189,051 | 142,427 |
Non-interest income: | ||||
Banking service revenues | 10,797 | 9,923 | 32,404 | 31,007 |
Wealth management revenue | 6,407 | 6,016 | 18,688 | 18,747 |
Mortgage banking activities | 1,242 | 1,274 | 3,987 | 2,820 |
Total Banking and Financial Service Revenues | 18,446 | 17,213 | 55,079 | 52,574 |
FDIC shared-loss benefit (expense), net [Abstract] | ||||
FDIC shared-loss benefit (expense), net | 0 | 0 | 0 | 1,403 |
Net gain (loss) on: | ||||
Sale of securities | 0 | 4 | 0 | 6,896 |
Derivatives | 0 | 0 | 0 | 103 |
Early extinguishment of debt | 0 | 0 | 0 | (80) |
Other non-interest income | 174 | 695 | 758 | 976 |
Total non-interest income, net | 18,620 | 17,912 | 55,837 | 61,872 |
Non-interest expense: | ||||
Compensation and employee benefits | 18,495 | 19,882 | 57,202 | 59,546 |
Professional and service fees | 3,077 | 3,113 | 8,917 | 9,575 |
Occupancy and equipment | 8,388 | 8,276 | 25,322 | 24,012 |
Insurance | 1,620 | 1,052 | 4,580 | 3,834 |
Electronic banking charges | 5,586 | 5,021 | 15,968 | 15,373 |
Information technology related expenses | 2,056 | 2,046 | 6,064 | 6,114 |
Advertising, business promotion, and strategic initiatives | 1,329 | 1,405 | 3,700 | 4,205 |
Loss on sale of foreclosed real estate and other reossessed assets | 1,210 | 1,395 | 2,828 | 4,508 |
Loan servicing and clearing expenses | 1,251 | 1,134 | 3,639 | 3,592 |
Taxes, other than payroll and income taxes | 2,175 | 2,243 | 6,820 | 7,007 |
Communication | 927 | 855 | 2,627 | 2,682 |
Printing, postage, stationary and supplies | 499 | 586 | 1,748 | 1,889 |
Director and investors relations | 223 | 221 | 800 | 775 |
Credit related expenses | 2,736 | 1,714 | 7,052 | 6,557 |
Other | 1,369 | 1,526 | 8,095 | 5,300 |
Total non-interest expense | 50,941 | 50,469 | 155,362 | 154,969 |
Income before income taxes | 35,355 | 3,879 | 89,526 | 49,330 |
Income tax expense | 12,255 | 560 | 29,860 | 13,757 |
Net income | 23,100 | 3,319 | 59,666 | 35,573 |
Dividends on preferred stock | (3,466) | (3,465) | (10,396) | (10,396) |
Income (loss) available to common shareholders | $ 19,634 | $ (146) | $ 49,270 | $ 25,177 |
Earnings per common share: | ||||
Basic | $ 0.45 | $ 0 | $ 1.12 | $ 0.57 |
Diluted | $ 0.42 | $ 0 | $ 1.07 | $ 0.56 |
Average common shares outstanding and equivalents | 51,464 | 51,102 | 51,344 | 51,095 |
Cash dividends per share of common stock | $ 0.06 | $ 0.06 | $ 0.18 | $ 0.18 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Consolidated Statements of Comprehensive Income (Loss) [Abstract] | ||||
Net income | $ 23,100 | $ 3,319 | $ 59,666 | $ 35,573 |
Other comprehensive income (loss) before tax: | ||||
Unrealized (loss) gain on securities available-for-sale | (6,375) | 1,445 | (21,340) | 6,766 |
Realized gain on investment securities included in net income | 0 | (4) | 0 | (6,896) |
Unrealized gain on cash flow hedges | 223 | 56 | 1,153 | 136 |
Other comprehensive (loss) income before taxes | (6,152) | 1,497 | (20,187) | 6 |
Income tax effect | 619 | (348) | 2,341 | (760) |
Other Comprehensive (Loss) Income After taxes | (5,533) | 1,149 | (17,846) | (754) |
Comprehensive income | $ 17,567 | $ 4,468 | $ 41,820 | $ 34,819 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Legal Surplus [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning Balance at Dec. 31, 2016 | $ 897,077 | $ 176,000 | $ 52,626 | $ 540,948 | $ 76,293 | $ 177,808 | $ (104,860) | $ 1,596 |
Stock-based compensation expense | 811 | 811 | ||||||
Stock-based compensation excess tax benefit recognized in income | (99) | (99) | ||||||
Lapsed restricted stock units | (358) | (358) | 358 | |||||
Transfer from retained earnings/transfer to legal surplus | 3,502 | (3,502) | ||||||
Net income | 35,573 | 35,573 | ||||||
Cash dividends declared on common stock | (7,916) | (7,916) | ||||||
Cash dividends declared on preferred stock | (10,396) | (10,396) | ||||||
Other comprehensive (loss) income, net of tax | (754) | (754) | ||||||
Ending Balance at Sep. 30, 2017 | 937,630 | 176,000 | 52,626 | 541,302 | 79,795 | 191,567 | (104,502) | 842 |
Beginning Balance at Dec. 31, 2017 | 945,107 | 176,000 | 52,626 | 541,600 | 81,454 | 200,878 | (104,502) | (2,949) |
Stock-based compensation expense | 978 | 978 | ||||||
Stock-based compensation excess tax benefit recognized in income | (140) | (140) | ||||||
Lapsed restricted stock units | (796) | (360) | 796 | |||||
Transfer from retained earnings/transfer to legal surplus | 6,109 | (6,109) | ||||||
Net income | 59,666 | 59,666 | ||||||
Cash dividends declared on common stock | (7,919) | (7,919) | ||||||
Cash dividends declared on preferred stock | (10,396) | (10,396) | ||||||
Other comprehensive (loss) income, net of tax | (17,846) | (17,846) | ||||||
Ending Balance at Sep. 30, 2018 | $ 969,886 | $ 176,000 | $ 52,626 | $ 542,078 | $ 87,563 | $ 236,120 | $ (103,706) | $ (20,795) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 59,666 | $ 35,573 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Amortization of deferred loan origination fees, net of costs | 3,433 | 2,531 |
Amortization of investment securities premiums, net of accretion of discounts | 4,426 | 6,108 |
Amortization of core deposit and customer relationship intangibles | 989 | 1,105 |
FDIC Loss Share Benefit | 0 | (1,403) |
Depreciation and amortization of premises and equipment | 6,642 | 6,654 |
Deferred income taxes, net | 6,827 | (2,619) |
Provision for loan and lease losses, net | 44,808 | 88,232 |
Stock-based compensation | 978 | 811 |
Stock-based compensation excess tax benefit recognized in income | (140) | (99) |
(Gain) loss on: | ||
Sale of securities | 0 | (6,896) |
Sale of mortgage loans held for sale | (275) | (792) |
Derivatives | 1 | (103) |
Early extinguishment of debt | 0 | 80 |
Foreclosed real estate | 2,828 | 5,084 |
Sale of premises and equipment | (107) | (539) |
Originations of loans held-for-sale | (72,512) | (103,194) |
Proceeds from sale of loans held-for-sale | 21,593 | 68,758 |
Net (increase) decrease in: | ||
Trading securities | (214) | 63 |
Accrued interest receivable | 16,517 | (2,509) |
Servicing Assets | 1,045 | (40) |
Other assets | 2,405 | 14,260 |
Net increase (decrease) in: | ||
Accrued interest on deposits and borrowings | 643 | (345) |
Net increase (decrease) in accrued expenses and other liabilities | (23,836) | (4,745) |
Net cash provided by operating activities | 73,627 | 106,055 |
Purchases of: | ||
Investment securities available-for-sale | (271,062) | (128,969) |
FHLB stock | (113,506) | (26,730) |
Maturities and Redemptions of [Abstract] | ||
Maturities and redemptions of investment securities available-for-sale | 89,753 | 83,669 |
Investments securities held-to-maturity | 58,477 | 65,877 |
FHLB Stock | 115,040 | 23,507 |
Proceeds from sale of: | ||
Investment securities available for sale | 14,746 | 256,996 |
Foreclosed real estate and other repossessed assets, including write-offs | 38,816 | 31,829 |
Gain (Loss) on Sale of Property Plant Equipment | (1,670) | (569) |
Origination and purchase of loans, excluding loans held-for-sale | (1,015,960) | (546,616) |
Principal repayment of loans, including covered loans | 632,333 | 571,098 |
(Repayment to) reimbursement to the FDIC for the termination of shared-loss agreements | 0 | (10,125) |
Additions to premises and equipment | (8,107) | (4,271) |
Net cash provided by investing activities | (457,800) | 316,834 |
Net increase (decrease) in: | ||
Deposits | 301,195 | 180,958 |
Securities sold under agreements to repurchase | 185,308 | (369,816) |
FHLB advances, federal funds purchased, and other borrowings | (25,904) | (5,436) |
Exercise of stock options and restricted unit lapsed, net | 436 | 0 |
Dividends paid on preferred stock | (10,397) | (10,396) |
Dividends paid on common stock | (7,918) | (7,912) |
Net cash used in financing activities | 442,720 | (212,602) |
Net change in cash and cash equivalents | 58,547 | 210,287 |
Cash, Restricted Cash And Cash Equivalents, beginng balance | 488,233 | 513,469 |
Cash, Restricted Cash And Cash Equivalents, ending balance | 546,780 | 723,756 |
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities: | ||
Interest paid net | 29,523 | 30,777 |
Income Taxes Paid | 13,446 | 23 |
Mortgage loans securitized into mortgage-backed securities | 59,050 | 69,148 |
Transfer from loans to foreclosed real estate and other repossessed assets | 36,848 | 37,852 |
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio | 5,795 | 33,647 |
Reclassification of loans held-for-sale portfolio to investment portfolio | 1,247 | 112 |
Financed sales of foreclosed real estate | 912 | 579 |
Loans booked under GNMA buy-back option | $ 13,325 | $ 12,999 |
Organization, Consolidation and
Organization, Consolidation and Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Nature of Operations and Summary of Significanrt Accounting Policies | |
Nature Of Operations | NOTE 1 – ORGANIZATION, CONSOLIDATION AND BASIS OF PRESENTATION Nature of Operations OFG Bancorp (“Oriental”) is a publicly-owned financial holding company incorporated under the laws of the Commonwealth of Puerto Rico. Oriental operates through various subsidiaries including, a commercial bank, Oriental Bank (the “Bank”), a securities broker-dealer, Oriental Financial Services Corp. (“Oriental Financial Services”), an insurance agency, Oriental Insurance LLC. (“Oriental Insurance”), a retirement plan administrator, Oriental Pension Consultants, Inc. (“OPC”), and two operating subsidiaries of the Bank, OFG USA LLC ("OFG USA") and Oriental International Bank Inc. (“OIB”). Through these subsidiaries and their respective divisions, Oriental provides a wide range of banking and financial services such as commercial, consumer and mortgage lending, auto loans, financial planning, insurance sales, money management and investment banking and brokerage services, as well as corporate and individual trust services. On April 30, 2010, the Bank acquired certain assets and assumed certain deposits and other liabilities of Eurobank, a Puerto Rico commercial bank, in an FDIC-assisted acquisition. On February 6, 2017, the Bank and the FDIC agreed to terminate the shared- loss agreements related to the Eurobank Acquisition. On December 18, 2012, Oriental acquired a group of Puerto Rico-based entities that included Banco Bilbao Vizcaya Argentaria Puerto Rico (“BBVAPR”), a Puerto Rico commercial bank, as well as a securities broker-dealer and an insurance agency, which is referred to herein as the “BBVAPR Acquisition.” These acquired businesses have been integrated with Oriental’s existing business. |
Significant Accounting Policies | New Accounting Updates Not Yet Adopted Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force ) . In August 2018 , the FASB issued Accounting Standards Update (“ASU”) 2018-15 , which align s the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to deve lop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Accordingly, ASU 2018-15 require s an entity (customer) in a hosting arrangement that is a service contract to follow the guidance in Subtopic 35 0-40 to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. T he ASU also require s the entity (customer) to expense the capitalized implementation costs of a hosting arrangement t hat is a service contract over the term of the hosting arrangement, which includes reasonably certain renewals. This A SU is the final version of Proposed Accounting Standards Update 2018–230—Intangibles—Goodwill and Other—Internal-U se Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which has been deleted. This ASU will be applied prospectively for annual and interim periods in fiscal year s beginning after December 15, 2019. Early adoption is permitted. We will assess the impact that the adoption of ASU 2018-15 will have on our consolidated financial statements and related disclosures during the year 2019. Fair Value Measurement (Topic 820 ): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. In August 2018 , the FASB issued ASU 2018-13 , which improve s the effectiveness of fair value measurement disclosures. ASU 2018-13 modif ies the discl osure requirements on fair value measurements in Topic 820, Fair Value Measurement, based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of cost s and benefits. T his A SU is the final version of Proposed Accounting Standards Update 2015-350—Fair Value Measurement (Topic 820)—Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurements, which has bee n deleted. This ASU will be applied prospectively for annual and interim periods in fiscal years beginning after December 15, 2019. We will assess the impact that the adoption of ASU 2018-13 will have on our consolidated financial statements and related di sclosures during the year 2019. Codification Improvements. In July 2018 , the FASB issued ASU 2018- 9 , which represent s changes to clarify the FASB Accounting Standards Codification (the “Codification”) , corre ct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. Some of the amendments mak e the Codification easier to understand and easier to apply by eliminating inconsistencies, providing needed clarifications, and improving the presentation of guidance in the Codification. The transition and effective date guidance is based on the facts an d circumstances of each amendment. Some of the amendments in this ASU do not require transition guidance and will be effective upon issuance of this ASU . However, many of the amendments in this ASU do have transition guidance with effective dates for annual periods beginning after December 15, 2018, for public business entities. Premium Amortization on Purchased Callable Debt Securities Receivables . In March 2017, the FASB issued ASU No. 2017-08, which requires the amortization of the premium on ca llable debt securities to the earliest call date. The amortization period for callable debt securities purchased at a discount would not be impacted by the ASU. This ASU will be applied prospectively for annual and interim periods in fiscal years beginning after December 15, 2018. The ASU is not expected to have a material impact on Oriental's consolidated financial position or results of operations. At September 30 , 2018 , Oriental does not have callable debt securities. Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting (a consensus of the Emerging Issues Task Force). In February 2017, the FASB issued ASU No. 2017-06, which intended to reduce diversity and improve the usefulness of information provided by employee benefit plans that hold interests in master trusts. This ASU will be applied prospectively for annual and interim periods in fiscal years beginning after December 15, 2018. The ASU is not expected to have a material impact on Oriental's consolidated financial position or results of operations. Simplifying the Test for Goodwill Impairment. In January 2017, the FASB issued ASU No. 2017-04, which simpli fies the measurement of goodwill impairment. An entity will no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. This ASU will be applied prospectively for annual and interim periods in fiscal years beginning after December 15, 2019. We will assess the impact that the adoption of ASU 2017-04 will have on our consolidated financial statements an d related disclosures during the year 2019. Measurement of Credit Losses on Financial Instruments. In June 2016, the FASB issued ASU No. 2016-13, which includes an impairment model (known as the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses. ASU No. 2016-13 is effective for fiscal years, and interim periods, beginning after December 15, 2019. Orienta l will implement ASU No. 2016-13 on January 1, 2020. While we continue to assess the impact of ASU No. 2016-13, we have developed a roadmap with time schedules in place from 2016 to implementation date. Oriental's cross-functional implementation team has d eveloped a project plan to ensure we comply with all updates from this ASU at the time of adoption. We recently have selected the software and are in the process of assessing the methodology to be used in order to develop an acceptable model to estimate th e expected credit losses. After the model has been developed, reviewed and validated in accordance with our governance policies, Oriental will keep disclosing relevant information of concerning implementation process and impact of ASU No. 2016-13, as well as the updating of policies, procedures and internal controls. Although Oriental expects the allowance for credit losses to increase upon adoption with a corresponding adjustment to retained earnings, the ultimate amount of the increase will depend on the portfolio composition, credit quality, economic conditions and reasonable and supportable forecasts at that time. Leases. In February 2016, the FASB issued ASU No. 2016-02, the FASB issued ASU No. 2016-02, which requires lessees to recognize a right-of-us e (ROU) asset and related lease liability for leases classified as operating leases at the commencement date that have lease terms of more than 12 months. The standard, effective January 1, 2019, with early adoption permitted, would have caused us to recog nize virtually all leases on the Consolidated Balance Sheets upon adoption and in the comparative period. However, in July 2018, the FASB issued an update to its guidance providing companies with the option to adopt the provisions of the standard prospecti vely without adjusting comparative periods; we will elect this option and adopt the standard on January 1, 2019. The new standard provides a number of optional practical expedients in transition. We expect to elect the ‘package of practical expedients’, wh ich permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We currently expect to elect the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. Oriental’s leases primarily consis t of leased office space. At September 30 , 2018 , Oriental had $27.7 million of minimum lease commitments from these operating leases (refer to Note 20). While we continue to assess the potential impacts upon adoption, we do not expect a material impact on our financial position, results of operations, cash flows or regulatory risk-based capital. Preliminarily we expect that the amounts to be recognized as right-of-use assets and lease liabilities will be less than 1% of our total assets. New Accounting Updates Adopted During the Nine-month Period Ended September 30, 2018 Restricted Cash. In November 2016, the FASB issued ASU No. 2016-18, which amends Topic 230 (Statement of Cash Flows) and requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU No. 2016-18 is intended to reduce diversity in practice in how restricted cash or restricted cash equivalents are presented and classified in the statement of cash flows. ASU No. 2016-18 is effective for fiscal years, and interim periods, beginning after December 15, 2017. The standard requires application using a retrospective transition method. The adoption of ASU No. 2016-18 on January 1, 2018, changed the presentation and classification of restricted cash and restricted cash equivalents in our consolidated statements of cash flows. Revenue from Contracts with Customers. In May 2014, the FASB issued ASU No. 2014-09, which supersedes the revenue recognition requirements Topic 605 (Revenue Recognition), and most industry-specific guidance. ASU No. 2014-09 is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in ex change for those goods or services. ASU No. 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU No. 2014-09 permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). In August 2015, the FASB issued ASU No. 2015-14 to defer the effective date of ASU No. 2014-09 by one year to fiscal years beginning after Decemb er 15, 2017. Oriental has adopted this ASU on January 1, 2018 using the modified retrospective method. Oriental’s implementation efforts included the identification of revenue streams that are within the scope of the new guidance and the review of related contracts with customers to determine their effect on certain non-interest income items presented in our consolidated statements of operations and the additional presentation disclosures required (refer to note 2 2 ). We concluded that substantially all of O riental’s revenues are generated from activities that are outside the scope of this ASU, and the adoption did not have a material impact on our consolidated financial statements. Therefore, there was no cumulative effect adjustment recorded. |
Significant Event
Significant Event | 9 Months Ended |
Sep. 30, 2018 | |
Extraordinary And Unusual Items Abstract | |
Unusual Or Infrequent Items Disclosure Text Block | NOTE 2 – SIGNIFICANT EVENTS Hurricanes Irma and Maria During 2017, Oriental was impacted by hurricanes Irma and Maria, which struck the Island on September 7, 2017 and September 20, 2017, respectively. Hurricane Maria caused catastrophic damages throughout Puerto Rico, including homes, businesses, roads, bridges, power lines, commercial establishments, and public facilities. It caused an unprecedented crisis when it ravaged the Island’s electric power grid less than two weeks after hurricane Irma left over a million Puerto Rico residents without power. For several months after the hurricanes, a large part of Puerto Rico was without electricity, many businesses were unable to operate, and government a uthorities struggled to deliver emergency supplies and clean drinking water to many communities outside the San Juan metropolitan area. Further, payment and delivery systems, including the U.S. Post Office, were unable to operate for weeks after hurricane Maria. Almost all of Oriental’s operations and clients are located in Puerto Rico. Although Oriental’s business operations were disrupted by major damages to Puerto Rico’s critical infrastructure, including its electric power grid and telecommunica tions network, Oriental’s digital channels, core banking and electronic funds transfer systems continued to function uninterrupted during and after the hurricanes. Within days after hurricane Maria, and upon securing a continuing supply of diesel fuel for its electric power generators, Oriental was able to open its main offices and many of its branches and ATMs in addition to its digital and phone trade channels. As a result of this event, and based on current assessments of information available for the i mpact of the hurricanes on our credit portfolio, 2017 third and fourth quarter results included an additional loan loss provision of $27.0 million and $5.4 million, respectively. Oriental implemented its disaster response plan as these storms approached its service areas. To operate in disaster response mode, Oriental incurred expenses for, among other things, buying diesel and generators for electric power, debris removal, security m easures , property damages, and emergency communication with customers reg arding the status of its banking operations. The estimated total non-credit operating costs as of December 31 , 2017 amounted to $ 6.6 million. No additional losses have been incurred at September 30 , 2018 . Oriental maintains insurance for casualty losses as well as for disaster response costs and certain revenue lost through business interruption. Management believes that recovery of $ 2.2 million incurred costs as of December 31, 2017 is probable. Oriental received a $ 1.0 million partial payment from the insuranc e company during the quarter ended December 2017 and a $ 0.7 million payment during the nine- month period ended September 30 , 2018 . A ccordingly, a receivable of $ 0.5 million and $ 1.2 million was included in other assets at September 30 , 2018 and December 31 , 2017 , respectively, for the expected recovery. |
Resticted Cash
Resticted Cash | 9 Months Ended |
Sep. 30, 2018 | |
Restricted Cash And Investments Abstract | |
Resticted Cash Disclosure | NOTE 3 – RESTRICTED CASH The following table includes the composition of Oriental ’s restricted cash : September 30, December 31, 2018 2017 (In thousands) Cash pledged as collateral to other financial institutions to secure: Derivatives $ 1,980 $ 1,980 Obligations under agreement of loans sold with recourse 1,050 1,050 $ 3,030 $ 3,030 At both September 30 , 2018 and December 31 , 2017 , the Bank’s international banking entities, OIB and Oriental Overseas, a division of the Bank, held an unencumbered certificate of deposit and other short-term highly liquid securities in the amount of $ 300 thousand and $ 325 thousand, respectively, as the legal reserve required for international banking entities under Puerto Rico law. These instruments cannot be withdrawn or transferred by OIB or Oriental Overseas without prior written approval of the Office of the Commissioner of Financial Institutions of Puerto Rico (the " OCFI"). As part of its derivative activities, Orie ntal has entered into collateral agreements with certain financial counterparties. At both September 30 , 2018 and December 31 , 2017 , Oriental had delivered approximately $2.0 million of cash as collateral for such derivatives activities. Oriental has a c ontract with FNMA which requires collateral to guarantee the repurchase, if necessary, of loans sold with recourse. At both September 30 , 2018 and December 31 , 2017 , Oriental delivered as collateral cash amounting to approximately $1.1 million. The Bank i s required by Puerto Rico law to maintain average weekly reserve balances to cover demand deposits. The amount of those minimum average reserve balances for the week that covered September 30 , 2018 wa s $ 212.7 million ( December 31 , 2017 - $ 1 89.2 million). A t September 30 , 2018 and December 31 , 2017 , the Bank complied with th is requirement. Cash and due from bank as well as other short-term, highly liquid securities , are used to cover the required average reserve balances. |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investments [Abstract] | |
Investments Securities | NOTE 4 – INVESTMENT SECURITIES Money Market Investments Oriental considers as cash equivalents all money market instruments that are not pledged and that have maturities of three months or less at the date of acquisition. At September 30 , 2018 and December 31 , 2017 , money market instruments included as part of cash and cash equivalents amounted to $5.8 mill ion and $7.0 million , respectively . Investment Securities The amortized cost, gross unrealized gains and losses, fair value, and weighted average yield of the securities owned by Oriental at September 30 , 2018 and December 31 , 2017 were as follows: September 30, 2018 Gross Gross Weighted Amortized Unrealized Unrealized Fair Average Cost Gains Losses Value Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 586,097 $ 20 $ 15,799 $ 570,318 2.59% GNMA certificates 202,585 300 5,431 197,454 3.06% CMOs issued by US government-sponsored agencies 69,960 - 3,194 66,766 1.90% Total mortgage-backed securities 858,642 320 24,424 834,538 2.64% Investment securities US Treasury securities 10,617 - 157 10,460 1.32% Obligations of US government-sponsored agencies 2,484 - 89 2,395 1.38% Other debt securities 1,152 7 - 1,159 2.99% Total investment securities 14,253 7 246 14,014 1.46% Total securities available for sale $ 872,895 $ 327 $ 24,670 $ 848,552 2.62% Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates $ 444,679 $ - $ 19,613 $ 425,066 2.07% December 31, 2017 Gross Gross Weighted Amortized Unrealized Unrealized Fair Average Cost Gains Losses Value Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 383,194 $ 1,402 $ 2,881 $ 381,715 2.39% GNMA certificates 166,436 1,486 584 167,338 2.94% CMOs issued by US government-sponsored agencies 82,026 - 1,955 80,071 1.90% Total mortgage-backed securities 631,656 2,888 5,420 629,124 2.47% Investment securities US Treasury securities 10,276 - 113 10,163 1.25% Obligations of US government-sponsored agencies 2,927 - 48 2,879 1.38% Obligations of Puerto Rico government and public instrumentalities 2,455 - 362 2,093 5.55% Other debt securities 1,486 52 - 1,538 2.97% Total investment securities 17,144 52 523 16,673 2.04% Total securities available-for-sale $ 648,800 $ 2,940 $ 5,943 $ 645,797 2.46% Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates $ 506,064 $ - $ 8,383 $ 497,681 2.07% The amortized cost and fair value of Oriental ’s investment securities at September 30 , 2018 , by contractual maturity, are shown in the next table. Securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2018 Available-for-sale Held-to-maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Mortgage-backed securities Due from 1 to 5 years FNMA and FHLMC certificates $ 4,241 $ 4,142 $ - $ - Total due from 1 to 5 years 4,241 4,142 - - Due after 5 to 10 years CMOs issued by US government-sponsored agencies $ 61,590 $ 58,617 $ - $ - FNMA and FHLMC certificates 235,031 228,438 - - Total due after 5 to 10 years 296,621 287,055 - - Due after 10 years FNMA and FHLMC certificates $ 346,825 $ 337,738 $ 444,679 $ 425,066 GNMA certificates 202,585 197,454 - - CMOs issued by US government-sponsored agencies 8,370 8,149 - - Total due after 10 years 557,780 543,341 444,679 425,066 Total mortgage-backed securities 858,642 834,538 444,679 425,066 Investment securities Due less than one year US Treasury securities $ 646 $ 645 $ - $ - Total due in less than one year 646 645 - - Due from 1 to 5 years US Treasury securities $ 9,971 $ 9,815 $ - $ - Obligations of US government and sponsored agencies 2,484 2,395 - - Total due from 1 to 5 years 12,455 12,210 - - Due from 5 to 10 years Other debt securities 1,152 1,159 - - Total due after 5 to 10 years 1,152 1,159 - - Total investment securities 14,253 14,014 - - Total $ 872,895 $ 848,552 $ 444,679 $ 425,066 During the nine month-period ended September 30 , 2018 , Oriental sold $14.7 million of available-for-sale Government National Mortgage Association (“GNMA”) certificates from its recurring mortgage loan origination and securitization activities. These sales did not realize any gains or losses during such period. During the nine-m onth period ended September 30 , 2017 , Oriental sold $166.0 million of mortgage-backed securit ies and $ 84.1 million of US Treasury securities, and recorded a net gain on sale of secur ities of $6.9 million. Nine-Month Period Ended September 30, 2018 Book Value Description Sale Price at Sale Gross Gains Gross Losses (In thousands) Sale of securities available-for-sale Mortgage-backed securities GNMA certificates $ 14,746 $ 14,746 $ - $ - Total $ 14,746 $ 14,746 $ - $ - Nine-Month Period Ended September 30, 2017 Book Value Description Sale Price at Sale Gross Gains Gross Losses (In thousands) Sale of securities available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 107,510 $ 102,311 $ 5,199 $ - GNMA certificates 65,284 63,704 1,580 - Investment securities US Treasury securities 84,202 84,085 117 - Total mortgage-backed securities $ 256,996 $ 250,100 $ 6,896 $ - The following tables sho w Oriental ’s gross unrealized losses and fair value of investment securities available-for-sale and held-to-maturity, aggregated by investment category and the length of time that individual securities have been in a continuo us unrealized loss position at September 30 , 2018 and December 31 , 2017 : September 30, 2018 12 months or more Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 68,960 $ 3,174 $ 65,786 FNMA and FHLMC certificates 160,420 7,451 152,969 Obligations of US Government and sponsored agencies 2,484 89 2,395 GNMA certificates 28,296 1,606 26,690 US Treasury Securities 9,971 157 9,814 $ 270,131 $ 12,477 $ 257,654 Securities held to maturity FNMA and FHLMC certificates $ 381,941 $ 17,619 $ 364,322 Less than 12 months Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US government-sponsored agencies $ 1,000 $ 20 $ 980 FNMA and FHLMC certificates 425,094 8,348 416,746 GNMA certificates 145,438 3,825 141,613 US Treasury Securities 646 - 646 $ 572,178 $ 12,193 $ 559,985 Securities held-to-maturity FNMA and FHLMC Certificates $ 62,738 $ 1,994 $ 60,744 Total Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US government-sponsored agencies $ 69,960 $ 3,194 $ 66,766 FNMA and FHLMC certificates 585,514 15,799 569,715 Obligations of US government and sponsored agencies 2,484 89 2,395 GNMA certificates 173,734 5,431 168,303 US Treausury Securities 10,617 157 10,460 $ 842,309 $ 24,670 $ 817,639 Securities held-to-maturity FNMA and FHLMC certificates $ 444,679 $ 19,613 $ 425,066 December 31, 2017 12 months or more Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 72,562 $ 1,857 $ 70,705 FNMA and FHLMC certificates 111,635 2,122 109,513 Obligations of US Government and sponsored agencies 2,927 48 2,879 Obligations of Puerto Rico government and public instrumentalities 2,455 362 2,093 GNMA certificates 20,803 499 20,304 US Treasury Securities 9,952 113 9,839 $ 220,334 $ 5,001 $ 215,333 Securities available-for-sale FNMA and FHLMC certificates $ 352,399 7,264 345,135 Less than 12 months Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies 9,464 98 9,366 FNMA and FHLMC certificates 125,107 759 124,348 GNMA certificates 14,001 85 13,916 US Treasury Securities 324 - 324 $ 148,896 $ 942 $ 147,954 Securities held to maturity FNMA and FHLMC certificates $ 153,665 $ 1,119 $ 152,546 Total Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies 82,026 1,955 80,071 FNMA and FHLMC certificates 236,742 2,881 233,861 Obligations of Puerto Rico government and public instrumentalities 2,455 362 2,093 Obligations of US government and sponsored agencies 2,927 48 2,879 GNMA certificates 34,804 584 34,220 US Treausury Securities 10,276 113 10,163 $ 369,230 $ 5,943 $ 363,287 Securities held to maturity FNMA and FHLMC certificates $ 506,064 $ 8,383 $ 497,681 Oriental performs valuations of the investment securities on a monthly basis. Moreover, Oriental conducts quarterly reviews to identify and evaluate each investment in an unrealized loss position for other-than-temporary impairment. Any portion of a dec line in value associated with credit loss is recognized in the statements of operations with the remaining noncredit-related component recognized in other comprehensive income (loss). A credit loss is determined by assessing whether the amortized cost basi s of the security will be recovered by comparing the present value of cash flows expected to be collected from the security, discounted at the rate equal to the yield used to accrete current and prospective beneficial interest for the security. The shortfa ll of the present value of the cash flows expected to be collected in relation to the amortized cost basis is considered to be the “credit loss.” Other-than-temporary impairment analysis is based on estimates that depend on market conditions and are subjec t to further change over time. In addition, while Oriental believes that the methodology used to value these exposures is reasonable, the methodology is subject to continuing improve ment, including those made as a result of market developments. Consequentl y, it is reasonably possible that changes in estimates or conditions could result in the need to recognize additional other-than-temporary impairment charges in the future. All of the investments ($ 1.2 billion , amortized cost ) with an unrealized loss pos ition at September 30 , 2018 consist of securities issued or guaranteed by the U.S. Treasury or U.S. government-sponsored agencies, all of which are highly liquid securities that have a large and efficient secondary market. Their aggregate losses and their variability from period to period are the result of changes in market conditions, and not due to the repayment capacity or creditworthiness of the issuers or guarantors of such securities. |
Loans Receivable
Loans Receivable | 9 Months Ended |
Sep. 30, 2018 | |
Loans Receivable [Abstract] | |
LOANS RECEIVABLE | NOTE 5 - LOANS Oriental’s loan portfolio is composed of two segments, loans initially accounted for under the amortized cost method (referred to as "originated and other" loans) and loans acquired (referred to as "acquired" loans). Acquired loans are further segregated between acquired BBVAPR loans and acquired Eurobank loans . The composition of Oriental’s loan portfolio at September 30 , 2018 and December 31 , 2017 was as follows : September 30, December 31, 2018 2017 (In thousands) Originated and other loans and leases held for investment: Mortgage $ 667,224 $ 683,607 Commercial 1,540,027 1,307,261 Consumer 345,399 330,039 Auto and leasing 1,084,912 883,985 3,637,562 3,204,892 Allowance for loan and lease losses on originated and other loans and leases (95,236) (92,718) 3,542,326 3,112,174 Deferred loan costs, net 7,556 6,695 Total originated and other loans held for investment, net 3,549,882 3,118,869 Acquired loans: Acquired BBVAPR loans: Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Commercial 2,778 4,380 Consumer 24,914 28,915 Auto 7,494 21,969 35,186 55,264 Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-20 (2,350) (3,862) 32,836 51,402 Accounted for under ASC 310-30 (Loans acquired with deteriorated credit quality, including those by analogy) Mortgage 503,861 532,053 Commercial 190,178 243,092 Consumer 95 1,431 Auto 20,363 43,696 714,497 820,272 Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-30 (43,875) (45,755) 670,622 774,517 Total acquired BBVAPR loans, net 703,458 825,919 Acquired Eurobank loans: Loans secured by 1-4 family residential properties 64,785 69,538 Commercial 49,262 53,793 Consumer 895 1,112 Total acquired Eurobank loans 114,942 124,443 Allowance for loan and lease losses on Eurobank loans (24,281) (25,174) Total acquired Eurobank loans, net 90,661 99,269 Total acquired loans, net 794,119 925,188 Total held for investment, net 4,344,001 4,044,057 Mortgage loans held-for-sale 8,979 12,272 Total loans, net $ 4,352,980 $ 4,056,329 As a result of the devastation caused by hurricanes Irma and Maria, Oriental offered an automatic three-month moratorium for the payment due on certain loans. The level of delinquencies for mortgage and auto loans as of December 31 , 2017 was impacted by the loan moratorium. Aging of current and early delinquent loans in moratorium were frozen at September 30, 2017, throughout the moratorium period. In addition, a lthough the repayment schedule was modified as part of the moratorium, certai n borrowers continued to make payments shortly after the moratorium , having an impact on the respective delinquency status at December 31 , 2017 . At September 30 , 2018 , all of the loan moratoriums ha ve expired, and total delinquency levels have return ed to pre-hurricane levels with some improvements. Originated and Other Loans and Leases Held for Investment Oriental’s originated and other loans held for investment are encompassed within four portfolio segments: mortgage, commercial, consumer, and auto and leas ing. The t ables below present the aging of the recorded investment in gross originated and other loans held for investment a t September 30 , 2018 and December 31 , 2017 , by class of loans. Mortgage loans past due include delinquent loans in the GNMA buy-back option program. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option. September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Mortgage Traditional (by origination year): Up to the year 2002 $ 276 $ 890 $ 3,272 $ 4,438 $ 38,120 $ 42,558 $ 240 Years 2003 and 2004 237 1,740 6,587 8,564 69,146 77,710 - Year 2005 92 858 3,515 4,465 36,710 41,175 - Year 2006 348 1,484 4,747 6,579 51,392 57,971 - Years 2007, 2008 and 2009 178 1,195 7,774 9,147 54,223 63,370 56 Years 2010, 2011, 2012, 2013 258 1,238 7,946 9,442 106,819 116,261 180 Years 2014, 2015, 2016, 2017 and 2018 - 593 1,303 1,896 130,610 132,506 - 1,389 7,998 35,144 44,531 487,020 531,551 476 Non-traditional - 117 2,740 2,857 11,842 14,699 - Loss mitigation program 10,346 5,435 20,797 36,578 70,819 107,397 2,631 11,735 13,550 58,681 83,966 569,681 653,647 3,107 Home equity secured personal loans - - - - 252 252 - GNMA's buy-back option program - - 13,325 13,325 - 13,325 - 11,735 13,550 72,006 97,291 569,933 667,224 3,107 Commercial Commercial secured by real estate: Corporate - - - - 306,372 306,372 - Institutional - - - - 72,372 72,372 - Middle market 839 - 5,481 6,320 175,822 182,142 - Retail 1,242 309 9,245 10,796 210,101 220,897 - Floor plan - - - - 3,579 3,579 - Real estate - - - - 19,347 19,347 - 2,081 309 14,726 17,116 787,593 804,709 - Other commercial and industrial: Corporate - - - - 163,766 163,766 - Institutional - - - - 143,886 143,886 - Middle market - 3,480 2,751 6,231 91,484 97,715 - Retail 720 131 792 1,643 287,755 289,398 - Floor plan 150 - 51 201 40,352 40,553 - 870 3,611 3,594 8,075 727,243 735,318 - 2,951 3,920 18,320 25,191 1,514,836 1,540,027 - September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Consumer Credit cards $ 580 $ 200 $ 602 $ 1,382 $ 26,342 $ 27,724 $ - Overdrafts 27 - - 27 129 156 - Personal lines of credit 44 3 70 117 1,819 1,936 - Personal loans 3,864 1,731 1,197 6,792 292,738 299,530 - Cash collateral personal loans 146 66 - 212 15,841 16,053 - 4,661 2,000 1,869 8,530 336,869 345,399 - Auto and leasing 54,888 26,940 12,148 93,976 990,936 1,084,912 - Total $ 74,235 $ 46,410 $ 104,343 $ 224,988 $ 3,412,574 $ 3,637,562 $ 3,107 December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Mortgage Traditional (by origination year): Up to the year 2002 $ 86 $ 938 $ 3,537 $ 4,561 $ 41,579 $ 46,140 $ 467 Years 2003 and 2004 92 1,077 6,304 7,473 75,758 83,231 - Year 2005 101 383 3,348 3,832 40,669 44,501 68 Year 2006 242 604 5,971 6,817 55,966 62,783 66 Years 2007, 2008 and 2009 358 1,258 8,561 10,177 58,505 68,682 577 Years 2010, 2011, 2012, 2013 233 978 7,393 8,604 116,674 125,278 1,202 Years 2014, 2015, 2016 and 2017 - 75 1,649 1,724 121,194 122,918 - 1,112 5,313 36,763 43,188 510,345 553,533 2,380 Non-traditional - 326 3,543 3,869 14,401 18,270 - Loss mitigation program 7,233 3,331 18,923 29,487 73,793 103,280 4,981 8,345 8,970 59,229 76,544 598,539 675,083 7,361 Home equity secured personal loans - - - - 256 256 - GNMA's buy-back option program - - 8,268 8,268 - 8,268 - 8,345 8,970 67,497 84,812 598,795 683,607 7,361 Commercial Commercial secured by real estate: Corporate - - - - 235,426 235,426 - Institutional - - 118 118 44,648 44,766 - Middle market 765 - 3,527 4,292 225,649 229,941 - Retail 352 936 9,695 10,983 235,084 246,067 - Floor plan - - - - 3,998 3,998 - Real estate - - - - 17,556 17,556 - 1,117 936 13,340 15,393 762,361 777,754 - Other commercial and industrial: Corporate - - - - 170,015 170,015 - Institutional - - - - 125,591 125,591 - Middle market - - 881 881 84,482 85,363 - Retail 455 103 1,616 2,174 111,078 113,252 - Floor plan 9 - 51 60 35,226 35,286 - 464 103 2,548 3,115 526,392 529,507 - 1,581 1,039 15,888 18,508 1,288,753 1,307,261 - December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Consumer Credit cards $ 246 $ 130 $ 1,227 $ 1,603 $ 26,827 $ 28,430 $ - Overdrafts 20 6 31 57 157 214 - Personal lines of credit 259 54 87 400 1,820 2,220 - Personal loans 3,778 1,494 223 5,495 278,982 284,477 - Cash collateral personal loans 103 59 312 474 14,224 14,698 - 4,406 1,743 1,880 8,029 322,010 330,039 - Auto and leasing 21,760 10,399 4,232 36,391 847,594 883,985 - Total $ 36,092 $ 22,151 $ 89,497 $ 147,740 $ 3,057,152 $ 3,204,892 $ 7,361 At September 30 , 2018 and December 31 , 2017 , Oriental had a carrying balance of $ 91.4 million and $ 94.9 million , respectively, in originated and other loans held for investment granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities as part of the institutional commercial loan segment. All originated and other loans granted to the Puerto Rico government are general obligations of municipalities secured by ad valorem taxation, without limitation as to r ate or amount, on all taxable property within the issuing municipalities. The good faith, credit and unlimited taxing power of each issuing municipality are pledged for the payment of its general obligations. Acquired Loans Acquired loans were initially measured at fair value and subsequently accounted for under either ASC 310-30 or ASC 310-20 (Non-refundable fees and Other Costs). We have acquired loans in t he acquisitions of BBVAPR and Eurobank. Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Credit cards, retail and commercial revolving lines of credits, floor plans and performing auto loans with FICO scores over 660 acquired at a premium are accounted for under the guidance of ASC 3 10-20, which requires that any contractually required loan payment receivable in excess of Oriental’s initial investment in the loans be accreted into interest income on a level-yield basis over the life of the loan. Loans accounted for under ASC 310-20 ar e placed on non-accrual status when past due in accordance with Oriental’s non-accrual policy, and any accretion of discount or amortization of premium is discontinued. Acquired BBVAPR loans that were accounted for under the provisions of ASC 310-20 are re moved from the acquired loan category at the end of the reporting period upon refinancing, renewal or normal re-underwriting. The following tables present the aging of the recorded investment in gross acquired BBVAPR loans accounted for under ASC 310-20 as of September 30 , 2018 and December 31 , 2017 , by class of loans: September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Commercial Commercial secured by real estate Retail $ - $ - $ 54 $ 54 $ - $ 54 $ - Floor plan - - 899 899 305 1,204 - - - 953 953 305 1,258 - Other commercial and industrial Retail 8 - 25 33 1,485 1,518 - Floor plan - - 2 2 - 2 - 8 - 27 35 1,485 1,520 - 8 - 980 988 1,790 2,778 - Consumer Credit cards 330 110 443 883 21,729 22,612 - Personal loans 23 7 58 88 2,214 2,302 - 353 117 501 971 23,943 24,914 - Auto 665 389 202 1,256 6,238 7,494 - Total $ 1,026 $ 506 $ 1,683 $ 3,215 $ 31,971 $ 35,186 $ - December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Commercial Commercial secured by real estate Retail $ - $ - $ 119 $ 119 $ - $ 119 $ - Floor plan - - 928 928 393 1,321 - - - 1,047 1,047 393 1,440 - Other commercial and industrial Retail 36 - 221 257 2,681 2,938 - Floor plan - - 2 2 - 2 - 36 - 223 259 2,681 2,940 - 36 - 1,270 1,306 3,074 4,380 - Consumer Credit cards 208 127 1,310 1,645 24,822 26,467 - Personal loans 139 61 45 245 2,203 2,448 - 347 188 1,355 1,890 27,025 28,915 - Auto 602 248 179 1,029 20,940 21,969 - Total $ 985 $ 436 $ 2,804 $ 4,225 $ 51,039 $ 55,264 $ - Acquired BBVAPR Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) Acquired BBVAPR loans, except for credit cards, retail and commercial revolving lines of credits, floor plans and performing auto loans with FICO scores over 660 acquired at a premium, are accounted for by Oriental in accordance with ASC 310-30. The carrying amount corresponding to acquired BBVAPR loans with deteriorated credit quality, including those accounted under ASC 310-30 by analogy, in the statements of financial condition at September 30 , 2018 and December 31 , 2017 is as follows: September 30, December 31, 2018 2017 (In thousands) Contractual required payments receivable: $ 1,340,064 $ 1,481,616 Less: Non-accretable discount 347,173 352,431 Cash expected to be collected 992,891 1,129,185 Less: Accretable yield 278,394 308,913 Carrying amount, gross 714,497 820,272 Less: allowance for loan and lease losses 43,875 45,755 Carrying amount, net $ 670,622 $ 774,517 At September 30 , 2018 and December 31 , 2017 , Oriental had $ 44.0 million an d $ 50.3 million, respectively, in loans granted to Puerto Rico municipalities as part of its acquired BBVAPR loans accounted for under ASC 310-30. These loans are primarily secure d municipal general obligations. T he following tables describe the accretable yield and non-accretable discount activity of acquired BBVAPR loans accounted for under ASC 310-30 for the quarters and nine-month periods ended September 30 , 2018 and 2017 Quarter Ended September 30, 2018 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 243,903 $ 42,521 $ 1,071 $ 497 $ 287,992 Accretion (6,722) (3,977) (466) (88) (11,253) Change in expected cash flows - 1,334 3 25 1,362 Transfer from (to) non-accretable discount 1,456 (1,140) 3 (26) 293 Balance at end of period $ 238,637 $ 38,738 $ 611 $ 408 $ 278,394 Non-Accretable Discount Activity: Balance at beginning of period $ 296,137 $ 11,143 $ 23,645 $ 19,332 $ 350,257 Change in actual and expected losses (1,860) (1,125) 181 13 (2,791) Transfer from accretable yield (1,456) 1,140 (3) 26 (293) Balance at end of period $ 292,821 $ 11,158 $ 23,823 $ 19,371 $ 347,173 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 258,498 $ 46,764 $ 2,766 $ 885 $ 308,913 Accretion (20,710) (11,259) (1,991) (538) (34,498) Change in expected cash flows - 7,265 829 156 8,250 Transfer (to) non-accretable discount 849 (4,032) (993) (95) (4,271) Balance at end of period $ 238,637 $ 38,738 $ 611 $ 408 $ 278,394 Non-Accretable Discount Activity: Balance at beginning of period $ 299,501 $ 10,596 $ 23,050 $ 19,284 $ 352,431 Change in actual and expected losses (5,831) (3,470) (220) (8) (9,529) Transfer from accretable yield (849) 4,032 993 95 4,271 Balance at end of period $ 292,821 $ 11,158 $ 23,823 $ 19,371 $ 347,173 Quarter Ended September 30, 2017 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 270,148 $ 56,038 $ 4,853 $ 1,486 $ 332,525 Accretion (7,434) (7,114) (1,350) (384) (16,282) Change in actual and expected losses - 3,716 13 37 3,766 Transfer (to) from non-accretable discount (6,158) (2,950) (8) 26 (9,090) Balance at end of period $ 256,556 $ 49,690 $ 3,508 $ 1,165 $ 310,919 Non-Accretable Discount Activity: Balance at beginning of period $ 306,504 $ 16,867 $ 23,960 $ 19,431 $ 366,762 Change in actual and expected losses (2,310) (8,679) (191) (124) (11,304) Transfer from (to) accretable yield 6,158 2,950 8 (26) 9,090 Balance at end of period $ 310,352 $ 11,138 $ 23,777 $ 19,281 $ 364,548 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 292,115 $ 50,366 $ 8,538 $ 3,682 $ 354,701 Accretion (23,018) (16,608) (5,273) (1,542) (46,441) Change in actual and expected losses 2 19,907 163 123 20,195 Transfer (to) from non-accretable discount (12,543) (3,975) 80 (1,098) (17,536) Balance at end of period $ 256,556 $ 49,690 $ 3,508 $ 1,165 $ 310,919 Non-Accretable Discount Activity: Balance at beginning of period $ 305,615 $ 16,965 $ 22,407 $ 18,120 $ 363,107 Change in actual and expected losses (7,806) (9,802) 1,450 63 (16,095) Transfer from (to) accretable yield 12,543 3,975 (80) 1,098 17,536 Balance at end of period $ 310,352 $ 11,138 $ 23,777 $ 19,281 $ 364,548 Acquired Eurobank Loans The carrying amount of acquired Eurobank loans at September 30 , 2018 and December 31 , 2017 is as follows: September 30 December 31 2018 2017 (In thousands) Contractual required payments receivable: $ 162,204 $ 179,960 Less: Non-accretable discount 4,187 5,845 Cash expected to be collected 158,017 174,115 Less: Accretable yield 43,075 49,672 Carrying amount, gross 114,942 124,443 Less: Allowance for loan and lease losses 24,281 25,174 Carrying amount, net $ 90,661 $ 99,269 The following tables describe the accretable yield and non-accretable discount activity of acquired Eurobank loans for the quarters and nine -month periods en ded September 30 , 2018 and 2017 : Quarter Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 39,269 4,585 1,224 - - 45,078 Accretion (1,440) (1,883) - (7) (155) (3,485) Change in expected cash flows 6 2,063 - (143) 283 2,209 Transfer (to) from non-accretable discount 188 (412) (525) 150 (128) (727) Balance at end of period $ 38,023 $ 4,353 $ 699 $ - $ - $ 43,075 Non-Accretable Discount Activity: Balance at beginning of period $ 2,638 - 981 - 200 3,819 Change in actual and expected losses 63 (412) - 150 (160) (359) Transfer from (to) accretable yield (188) 412 525 (150) 128 727 Balance at end of period $ 2,513 $ - $ 1,506 $ - $ 168 $ 4,187 Nine-Month Period Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of year $ 41,474 $ 6,751 $ 1,447 $ - $ - $ 49,672 Accretion (4,583) (5,195) - (45) (369) (10,192) Change in expected cash flows (974) 4,793 - (317) 697 4,199 Transfer from (to) non-accretable discount 2,106 (1,996) (748) 362 (328) (604) Balance at end of period $ 38,023 $ 4,353 $ 699 $ - $ - $ 43,075 Non-Accretable Discount Activity: Balance at beginning of year $ 4,576 $ 276 $ 758 $ - $ 235 $ 5,845 Change in actual and expected losses 43 (2,272) - 362 (395) (2,262) Transfer from (to) accretable yield (2,106) 1,996 748 (362) 328 604 Balance at end of period $ 2,513 $ - $ 1,506 $ - $ 168 $ 4,187 Quarter Ended September 30, 2017 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 43,012 $ 9,157 $ 1,906 - $ - $ 54,075 Accretion (1,736) (2,480) (39) (11) (73) (4,339) Change in actual and expected losses 18 106 39 (49) 346 460 Transfer from (to) non-accretable discount 1,094 1,448 (142) 60 (273) 2,187 Balance at end of period $ 42,388 $ 8,231 $ 1,764 $ - $ - $ 52,383 Non-Accretable Discount Activity: Balance at beginning of period $ 6,687 $ 2,010 $ 299 $ - $ 14 $ 9,010 Change in actual and expected losses 20 126 (39) 60 (55) 112 Transfer (to) from accretable yield (1,094) (1,448) 142 (60) 273 (2,187) Balance at end of period $ 5,613 $ 688 $ 402 $ - $ 232 $ 6,935 Nine-Month Period Ended September 30, 2017 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 45,839 $ 16,475 $ 2,194 $ - $ - $ 64,508 Accretion (5,564) (11,051) (82) (22) (268) (16,987) Change in expected cash flows 119 1,427 82 (214) 730 2,144 Transfer from (to) non-accretable discount 1,994 1,380 (430) 236 (462) 2,718 Balance at end of period $ 42,388 $ 8,231 $ 1,764 $ - $ - $ 52,383 Non-Accretable Discount Activity: Balance at beginning of period $ 8,441 $ 3,880 $ 11 $ - $ 8 $ 12,340 Change in actual and expected cash flows (834) (1,812) (39) 236 (238) (2,687) Transfer (to) from accretable yield (1,994) (1,380) 430 (236) 462 (2,718) Balance at end of period $ 5,613 $ 688 $ 402 $ - $ 232 $ 6,935 Non-accrual Loans The following table presents the recorded investment in loans in non-accrual status by class of loans as of September 30 , 2018 and December 31 , 2017 : September 30, December 31, 2018 2017 (In thousands) Originated and other loans and leases held for investment Mortgage Traditional (by origination year): Up to the year 2002 $ 3,088 $ 3,070 Years 2003 and 2004 6,587 6,380 Year 2005 3,727 3,280 Year 2006 4,778 5,905 Years 2007, 2008 and 2009 7,717 7,984 Years 2010, 2011, 2012, 2013 7,766 6,259 Years 2014, 2015, 2016, 2017 and 2018 1,303 1,649 34,966 34,527 Non-traditional 2,740 3,543 Loss mitigation program 23,292 16,783 60,998 54,853 Commercial Commercial secured by real estate Institutional 10,155 118 Middle market 7,619 11,394 Retail 15,662 14,438 33,436 25,950 Other commercial and industrial Middle market 6,561 6,323 Retail 2,759 2,929 Floor plan 51 51 9,371 9,303 42,807 35,253 Consumer Credit cards 602 1,227 Overdrafts - 31 Personal lines of credit 80 102 Personal loans 2,434 900 Cash collateral personal loans - 312 3,116 2,572 Auto and leasing 12,185 4,232 Total non-accrual originated loans $ 119,106 $ 96,910 September 30, December 31, 2018 2017 (In thousands) Acquired BBVAPR loans accounted for under ASC 310-20 Commercial Commercial secured by real estate Retail $ 54 $ 119 Floor plan 899 928 953 1,047 Other commercial and industrial Retail 25 221 Floor plan 2 2 27 223 980 1,270 Consumer Credit cards 443 1,310 Personal loans 58 45 501 1,355 Auto 202 179 Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 1,683 2,804 Total non-accrual loans $ 120,789 $ 99,714 Loans accounted for under ASC 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses or are accounted under the cost recovery method. Delinquent residential mortgage loans insured or guaranteed under applicable FHA and VA programs are classified as non-performing loans when they become 90 days or more past due , but are not placed in non-accrual status until they become 1 2 months or more past due, since they are insured loans. Therefore, these loans are included as non-performing loans but excluded from non-accrual loans. In addition, these loans are excluded fr om the impairment analysis. At September 30 , 2018 and December 31 , 2017 , loans whose terms have been extended and which are classified as troubled-debt restructurings that are not included in non- accrual loans amounted to $ 97.7 million and $ 109.2 million, respectively, as they are performing under their new term s. At September 30 , 2018 and December 31 , 2017 , loans that are current in their monthly payments, but placed in non-accrual due to credit deterioration amounted to $ 23.6 million and $ 20.1 million, respectively . Impaired Loans Oriental evaluates all loans, some individually and others as homogeneous groups, for purposes of determining impairment. The total investment in impaired commercial loans that were individually evaluated for impairment was $ 69.6 million and $ 72 .3 million at September 30 , 2018 and December 31 , 2017 , respectively. The impairments on these commercial loans were measured based on the fair value of collateral or the present value of cash flows, including those identified as troubled- debt restr ucturings . The allowance for loan and lease losses for these impaired commercial loans amounted to $ 7.6 million and $ 1 0 . 6 million at September 30 , 2018 and December 31 , 2017 , respectively. The total investment in impaired mortgage loans that were individu ally evaluated for impairment was $ 85.1 million and $ 85.4 million at September 30 , 2018 and December 31 , 2017 , respectively. Impairment on mortgage loans assessed as troubled-debt restructurings was measured using the present value of cash flows. The allow ance for loan losses for these impaired mortgage loans amounted to $ 10.6 million and $ 9.1 million at September 30 , 2018 and December 31 , 2017 , respectively. Originated and Other Loans and Leases Held for Investment Oriental ’s recorded investment in commercial and mortgage loans categorized as originated and other loans and leases held for investment that were individually evaluated for impairment and the related allowance for loan and lease losses at September 30 , 2018 and 2017 are as follows: September 30, 2018 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance: Commercial $ 38,650 $ 33,379 $ 7,607 23% Residential impaired and troubled-debt restructuring 95,673 85,119 10,620 12% Impaired loans with no specific allowance: Commercial 41,393 35,513 N/A 0% Total investment in impaired loans $ 175,716 $ 154,011 $ 18,227 12% December 31, 2017 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance: Commercial $ 57,922 $ 52,585 $ 10,573 20% Residential impaired and troubled-debt restructuring 94,971 85,403 9,121 11% Impaired loans with no specific allowance Commercial 22,022 18,953 N/A 0% Total investment in impaired loans $ 174,915 $ 156,941 $ 19,694 13% Acquired BBVAPR Loans Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Oriental ’s recorded investment in acquired BBVAPR commercial loans accounted for under ASC 310-20 that were individually evaluated for impairment and the related allowance for loan and lease losses at September 30 , 2018 and December 31 , 2017 are as follows: September 30, 2018 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance Commercial $ 926 $ 747 $ 4 1% Impaired loans with no specific allowance Commercial $ - $ - N/A 0% Total investment in impaired loans $ 926 $ 747 $ 4 1% December 31, 2017 Unpaid Recorded Specific Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance Commercial $ 926 $ 747 $ 20 3% Impaired loans with no specific allowance Commercial $ - $ - N/A 0% Total investment in impaired loans $ 926 $ 747 $ 20 3% Acquired BBVAPR Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) Oriental ’s recorded investment in acquired BBVAPR loan pools accounted for under ASC 310-30 that have recorded impairments and their related allowance for loan and lease losses at September 30 , 2018 and December 31 , 2017 are as follows: September 30, 2018 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Mortgage $ 510,426 $ 503,860 $ 15,258 3% Commercial 197,516 189,164 22,256 12% Consumer 1,016 96 18 19% Auto 22,079 20,364 6,343 31% Total investment in impaired loan pools $ 731,037 $ 713,484 $ 43,875 6% December 31 , 2017 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Mortgage $ 547,064 $ 532,052 $ 14,085 3% Commercial 250,451 241,124 23,691 10% Consumer 2,468 1,431 18 1% Auto 43,440 43,696 7,961 18% Total investment in impaired loan pools $ 843,423 $ 818,303 $ 45,755 6% The tables above only present information with respect to acquired BBVAPR loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loan pools and a specific allowance for loan losses. Acquired Eurobank Loans Oriental ’s recorded investment in acquired Eurobank loan pools that have recorded impairments and their related allowance for loan and lease losses as of September 30 , 2018 and December 31 , 2017 are as follows : September 30, 2018 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Loans secured by 1-4 family residential properties $ 72,874 $ 64,785 $ 15,155 23% Commercial 50,430 49,262 9,122 19% Consumer 13 4 4 100% Total investment in impaired loan pools $ 123,317 $ 114,051 $ 24,281 21% December 31, 2017 Coverage Unpaid Recorded Specific to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance Loans secured by 1-4 family residential properties $ 81,132 $ 69,538 $ 15,187 22% Commercial 58,099 53,793 9,983 19% Consumer 15 4 4 100% Total investment in impaired loan pools $ 139,246 $ 123,335 $ 25,174 20% The tables above only present information with respect to acquired Eurobank loan pools accounted for under ASC 310-30 if there is a recorded impairment to such loan pools and a specific allowance for loan losses. The following table presents the interest recognized in commercial and mortgage loans that were individually evaluated for impairment, which excludes loans accounted for under ASC 310-30, for the quarters and nine- month periods ended September 30 , 2018 and 2017 : Quarter Ended September 30, 2018 2017 Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment (In thousands) Originated and other loans held for investment: Impaired loans with specific allowance Commercial $ 150 $ 35,765 $ 306 $ 24,178 Residential troubled-debt restructuring 695 84,787 576 86,694 Impaired loans with no specific allowance Commercial 271 31,315 675 36,133 1,116 151,867 1,557 147,005 Acquired loans accounted for under ASC 310-20: Impaired loans with specific allowance Commercial - 747 - 751 Impaired loans with no specific allowance Commercial - - - - Total interest income from impaired loans $ 1,116 $ 152,614 $ 1,557 $ 147,756 Nine-Month Period Ended September 30, 2018 2017 Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment (In thousands) Originated and other loans held for investment: Impaired loans with specific allowance Commercial $ 432 $ 44,691 $ 612 $ 17,298 Residential troubled-debt restructuring 2,028 84,671 1,685 87,951 Impaired loans with no specific allowance Commercial 812 23,736 1,350 41,519 Total interest income from impaired loans $ 3,272 $ 153,098 $ 3,647 $ 146,768 Acquired loans accounted for under ASC 310-20: Impaired loans with specific allowance Commercial $ - $ 747 $ - $ 810 Impaired loans with no specific allowance Total interest income from impaired loans $ 3,272 $ 153,845 $ 3,647 $ 147,578 Modifications The following tables present the troubled-debt restructurings in all loan portfolios during the quarters and nine -month periods ended September 30 , 2018 and 2017 . Quarter Ended September 30, 2018 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 21 $ 2,621 5.42% 373 $ 2,579 4.19% 344 Commercial 5 3,007 5.79% 71 3,002 5.10% 83 Consumer 52 758 15.06% 66 765 12.04% 73 Auto 2 40 10.28% 37 40 10.28% 37 Nine-Month Period Ended September 30, 2018 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 104 $ 14,087 5.61% 382 $ 13,597 4.82% 344 Commercial 13 10,341 5.50% 53 10,332 5.74% 60 Consumer 101 1,469 15.58% 59 1,477 11.51% 72 Auto 2 40 10.28% 37 40 10.28% 37 Quarter Ended September 30, 2017 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 15 $ 1,796 6.18% 401 $ 1,804 4.28% 409 Commercial 2 154 7.99% 53 154 8.45% 51 Consumer 30 383 11.52% 61 383 11.21% 68 Auto 2 23 6.42% 63 23 8.13% 31 Nine-Month Period Ended September 30, 2017 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted |
Allowance for Loan and Lease Lo
Allowance for Loan and Lease Losses | 9 Months Ended |
Sep. 30, 2018 | |
Allowance for loan and lease losses [Abstract] | |
Allowance For Credit Losses Text Block | NOTE 6 – ALLOWANCE FOR LOAN AND LEASE LOSSES The composition of Oriental ’s allowance for loan and lease losses at September 30 , 2018 and December 31 , 2017 was as follows : September 30, December 31, 2018 2017 (In thousands) Allowance for loans and lease losses: Originated and other loans and leases held for investment: Mortgage $ 19,545 $ 20,439 Commercial 32,491 30,258 Consumer 15,715 16,454 Auto and leasing 27,485 25,567 Total allowance for originated and other loans and lease losses 95,236 92,718 Acquired BBVAPR loans: Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Commercial 17 42 Consumer 2,140 3,225 Auto 193 595 2,350 3,862 Accounted for under ASC 310-30 (Loans acquired with deteriorated credit quality, including those by analogy) Mortgage 15,258 14,085 Commercial 22,256 23,691 Consumer 18 18 Auto 6,343 7,961 43,875 45,755 Total allowance for acquired BBVAPR loans and lease losses 46,225 49,617 Acquired Eurobank loans: Loans secured by 1-4 family residential properties 15,155 15,187 Commercial 9,122 9,983 Consumer 4 4 Total allowance for acquired Eurobank loan and lease losses 24,281 25,174 Total allowance for loan and lease losses $ 165,742 $ 167,509 O riental maintains an allowance for loan and lease losses at a level that management considers adequate to provide for probable losses based upon an evaluation of known and inherent risks. Oriental’s allowance for loan and lease losses policy provides for a detailed quarterly analysis of probable losses. The analysis includes a review of historical loan loss experience, value of underlying collateral, current economic conditions, financial condition of borrowers and other pertinent factors. While managemen t uses available information in estimating probable loan losses, future additions to the allowance may be required based on factors beyond Oriental’s control. We also maintain an allowance for loan losses on acquired loans when: (i) for loans accounted for under ASC 310-30, there is deterioration in credit quality subsequent to acquisition, and (ii) for loans accounted for under ASC 310-20, the inherent losses in the loans exceed the remaining credit discount recorded at the time of acquisition. As discuss ed in Note 2, during 2017, hurricanes Irma and Maria caused catastrophic damages throughout Puerto Rico. Management performed an evaluation of the loan portfolios to assess the impact on repayment sources and underlying collateral that could result in addi tional losses. For the commercial portfolio, the framework for the analysis was based on our current ALLL methodology with additional considerations according to the estimated impact categorized as low, medium or high. From this impact assessment, additio nal reserve levels were estimated by increasing default probabilities (“PD”) and loss given default expectations (“LGD”) of each allowance segment. As part of the process, Oriental contacted its clients to evaluate the impact of the hurricanes on their bu siness operations and collateral. The impact was then categorized as follows: (i) low risk, for clients that had no business impact or relatively insignificant impact; (ii) medium risk, for clients that had a business impact on their primary or secondary s ources of repayment, but still had adequate cash flow to cover operations and to satisfy their obligations; or (iii) high risk, for clients that had potentially significant problems that affected primary, secondary and tertiary (collateral) sources of repa yment. This criterion was used to model adjusted PDs and LGDs considering internal and external sources of information available to support our estimation process and output. During the fourth quarter of 2017 , Oriental performed an update of the initial estimat e, taking into consideration the most recent available information gathered through additional visits and interviews with clients and the economic environment in Puerto Rico. For the retail portfolios, mortgage, consumer and auto, the assumptions establis hed in the initial estimate were based on the historical losses of each ALLL segment and then further adjusted based on parameters used as key risk indicators, such as the industry of employment for all portfolios and the location of the collateral for mor tgage loans. During the fourth quarter of 2017, Oriental performed additional procedures to evaluate the reasonability of the initial estimate based on the payment experience percentage of borrowers for which the deferral period expired. The analysis took into consideration historical payment behavior and loss experience of borrowers (PDs and LGDs) of each portfolio segment to develop a range of estimated potential losses. Management understands that this approach is reasonable given the lack of historical information related to the behavior of local borrowers in such an unprecedented event. The amount used in the analysis represents the average of potential outcomes of expected losses. During the first quarter of 2018, Oriental updated the previous perform ed analysis to estimate probable losses related to the hurricanes. Analyses were based on the payment experience percentage of borrowers for which the deferral period expired in retail portfolios. For commercial portfolio, no changes in the level of impact assessed were identified based on communications with credit officers. During the second and third quarter of 2018, Oriental continued its monitoring process of the performance of those affected borrowers. As information became available, it was incorpora ted into the allowance framework. At September 30 , 2018 and December 31 , 2017 , Oriental's allowance for loan and lease losses incorporated all risks associated to our loan portfolio, including the impact of hurricanes Irma and Maria . Allowance for Ori ginated and Other Loan and Lease Losses Held for Investment The following tables present the activity in our allowance for loan and lease losses and the related recorded investment of the originated and other loans held for investment portfolio by segment for the periods indicated: Quarter Ended September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 19,323 $ 31,480 $ 16,192 $ 27,223 $ 94,218 Charge-offs (1,429) (3,249) (4,591) (9,111) (18,380) Recoveries 139 119 278 5,442 5,978 Provision for loan and lease losses 1,512 4,141 3,836 3,931 13,420 Balance at end of period $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 20,439 $ 30,258 $ 16,454 $ 25,567 $ 92,718 Charge-offs (3,727) (6,396) (13,438) (31,842) (55,403) Recoveries 919 528 757 14,498 16,702 Provision for loan and lease losses 1,914 8,101 11,942 19,262 41,219 Balance at end of period $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses on originated and other loans: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 10,620 $ 7,607 $ - $ - $ 18,227 Collectively evaluated for impairment 8,925 24,884 15,715 27,485 77,009 Total ending allowance balance $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 Loans: Individually evaluated for impairment $ 85,119 $ 68,892 $ - $ - $ 154,011 Collectively evaluated for impairment 582,105 1,471,135 345,399 1,084,912 3,483,551 Total ending loan balance $ 667,224 $ 1,540,027 $ 345,399 $ 1,084,912 $ 3,637,562 Quarter Ended September 30, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 18,664 $ 17,279 $ 14,981 $ 18,742 $ - $ 69,666 Charge-offs (834) (727) (4,424) (9,387) - (15,372) Recoveries 341 654 168 2,394 - 3,557 Provision (recapture) for originated and other loan and lease losses 4,137 7,072 5,068 13,413 - 29,690 Balance at end of period $ 22,308 $ 24,278 $ 15,793 $ 25,162 $ - $ 87,541 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 17,344 $ 8,995 $ 13,067 $ 19,463 $ 431 $ 59,300 Charge-offs (5,375) (6,424) (11,792) (24,726) - (48,317) Recoveries 458 880 1,113 9,864 - 12,315 Provision (recapture) for originated and other loan and lease losses 9,881 20,827 13,405 20,561 (431) 64,243 Balance at end of period $ 22,308 $ 24,278 $ 15,793 $ 25,162 $ - $ 87,541 December 31, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses on originated and other loans: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 9,121 $ 10,573 $ - $ - $ - $ 19,694 Collectively evaluated for impairment 11,318 19,685 16,454 25,567 - 73,024 Total ending allowance balance $ 20,439 $ 30,258 $ 16,454 $ 25,567 $ - $ 92,718 Loans: Individually evaluated for impairment $ 85,403 $ 71,538 $ - $ - $ - $ 156,941 Collectively evaluated for impairment 598,204 1,235,723 330,039 883,985 - 3,047,951 Total ending loan balance $ 683,607 $ 1,307,261 $ 330,039 $ 883,985 $ - $ 3,204,892 Allowance for BBVAPR Acquired Loan Losses Loans accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) The following tables present the activity in our allowance for loan losses and related recorded investment of the associated loans in our BBVAPR acquired loan portfolio accounted for under ASC 310-20, for the periods indicated : Quarter Ended September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 86 $ 2,357 $ 283 $ 2,726 Charge-offs (1) (638) (72) (711) Recoveries 3 95 169 267 Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 (71) 326 (187) 68 Balance at end of period $ 17 $ 2,140 $ 193 $ 2,350 Nine-Month Period Ended September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 42 $ 3,225 $ 595 $ 3,862 Charge-offs (6) (2,080) (285) (2,371) Recoveries 18 243 641 902 Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 (37) 752 (758) (43) Balance at end of period $ 17 $ 2,140 $ 193 $ 2,350 September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 4 $ - $ - $ 4 Collectively evaluated for impairment 13 2,140 193 2,346 Total ending allowance balance $ 17 $ 2,140 $ 193 $ 2,350 Loans: Individually evaluated for impairment $ 747 $ - $ - $ 747 Collectively evaluated for impairment 2,031 24,914 7,494 34,439 Total ending loan balance $ 2,778 $ 24,914 $ 7,494 $ 35,186 Quarter Ended September 30, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 41 $ 2,623 $ 684 $ 3,348 Charge-offs - (711) (222) (933) Recoveries 1 33 202 236 Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 (1) 646 67 712 Balance at end of period $ 41 $ 2,591 $ 731 $ 3,363 Nine-Month Period Ended September 30, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of year $ 169 $ 3,028 $ 1,103 $ 4,300 Charge-offs (132) (2,367) (705) (3,204) Recoveries 6 392 1,251 1,649 Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 (2) 1,538 (918) 618 Balance at end of period $ 41 $ 2,591 $ 731 $ 3,363 December 31, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 20 $ - $ - $ 20 Collectively evaluated for impairment 22 3,225 595 3,842 Total ending allowance balance $ 42 $ 3,225 $ 595 $ 3,862 Loans: Individually evaluated for impairment $ 747 $ - $ - $ 747 Collectively evaluated for impairment 3,633 28,915 21,969 54,517 Total ending loan balance $ 4,380 $ 28,915 $ 21,969 $ 55,264 Loans Accounted for under ASC 310-30 (including those accounted for under ASC 310-30 by analogy) For loans accounted for under ASC 310- 30, as part of the evaluation of actual versus expected cash flows, Oriental assesses on a quarterly basis the credit quality of these loans based on delinquency, severity factors and risk ratings, among other assumptions. Migration and credit quality trends are assessed at the pool level, by comparing information from the latest evaluation period through the end of the reporting period. The following tables present the activity in our allowance for loan losses and related recorded investment of the acquired BBVAPR loan portfolio accounted for under ASC 310-30 for the periods indicated : Quarter Ended September 30, 2018 Mortgage Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 14,567 $ 23,019 $ 18 $ 6,572 44,176 Provision for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 746 61 - - 807 Allowance de-recognition (55) (824) - (229) (1,108) Balance at end of period $ 15,258 $ 22,256 $ 18 $ 6,343 43,875 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 14,085 $ 23,691 $ 18 $ 7,961 45,755 Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 1,296 2,119 - (887) 2,528 Allowance de-recogntion (123) (3,554) - (731) (4,408) Balance at end of period $ 15,258 $ 22,256 $ 18 $ 6,343 43,875 Quarter Ended September 30, 2017 Mortgage Commercial Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 4,141 $ 25,614 $ 7,739 $ 37,494 Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 4,790 6,810 (501) 11,099 Allowance de-recognition - (8,483) - (8,483) Balance at end of period $ 8,931 $ 23,941 $ 7,238 $ 40,110 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 2,682 $ 23,452 $ 4,922 $ 31,056 Provision for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 6,345 9,768 2,685 18,798 Allowance de-recogntion (96) (9,279) (369) (9,744) Balance at end of period $ 8,931 $ 23,941 $ 7,238 $ 40,110 Allowance for Acquired Eurobank Loan Losses The changes in the allowance for loan and lease losses on acquired Eurobank loans for the quarters and nine -month periods ended September 30 , 2018 and 2017 were as follows: Quarter Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 15,170 $ 9,140 $ 4 $ 24,314 Provision for loan and lease losses, net 231 75 - 306 Allowance de-recognition (246) (93) - (339) Balance at end of period $ 15,155 $ 9,122 $ 4 $ 24,281 Nine-Month Period Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 15,187 $ 9,983 $ 4 $ 25,174 Provision for loan and lease losses, net 1,015 95 - 1,110 Allowance de-recognition (1,047) (956) - (2,003) Balance at end of period $ 15,155 $ 9,122 $ 4 $ 24,281 Quarter Ended September 30, 2017 Loans secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 13,651 $ 8,131 $ 4 $ 21,786 Provision for (recapture) acquired Eurobank loan and lease losses, net 1,139 1,402 - 2,541 Allowance de-recognition (571) (611) - (1,182) Balance at end of period $ 14,219 $ 8,922 $ 4 $ 23,145 Nine-Month Period Ended September 30, 2017 Loans secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for Eurobank loans: Balance at beginning of period $ 11,947 $ 9,328 $ 6 $ 21,281 Provision for (recapture) acquired Eurobank loan and lease losses, net 4,011 562 - 4,573 Allowance de-recognition (1,739) (968) (2) (2,709) Balance at end of period $ 14,219 $ 8,922 $ 4 $ 23,145 |
FDIC Indemnification Asset and
FDIC Indemnification Asset and True-up Payment Obligation | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
FDIC Indemnification Asset and True-up Payment Obligation [Text Block] | NOTE 7 - FDIC SHARED-LOSS AGREEMENTS On February 6, 2017, the Bank and the FDIC agreed to terminate the single family and commercial shared-loss agreements related to the FDIC assisted acquisition of Eurobank on April 30, 2010. As part of the loss share termination transaction, the Bank made a payment of $ 10.1 million to the FDIC and recorded a net benefit of $ 1.4 million. Such termination payment took into account the anticipated reimbursements over the life of the shared-loss agreements and the true-up payment liability of the Bank anticipated at the end of the ten - year term of the single family shared-loss agreement. All rights and obligations of the parties under the shared-loss agreements terminated as of the closing date of the agreement. |
Foreclosed Real Estate
Foreclosed Real Estate | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate [Abstract] | |
Real Estate Owned Text Block | NOTE 8 — FORECLOSED REAL ESTATE The following tables present the activity related to foreclosed real estate for the quarters and nine-months periods ended September 30 , 2018 and 2017 : Quarter Ended September 30, 2018 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 12,186 $ 17,492 $ 10,873 $ 40,551 Decline in value (359) (244) (302) (905) Additions 1,547 2,476 928 4,951 Sales (3,080) (2,680) (969) (6,729) Balance at end of period $ 10,294 $ 17,044 $ 10,530 $ 37,868 Quarter Ended September 30, 2017 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 15,842 $ 21,671 $ 12,710 $ 50,223 Decline in value (592) (680) (340) (1,612) Additions 1,482 2,122 665 4,269 Sales (1,996) (2,410) (1,108) (5,514) Other adjustments (59) (32) - (91) Balance at end of period $ 14,677 $ 20,671 $ 11,927 $ 47,275 Nine-Month Period Ended September 30, 2018 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 14,283 $ 18,347 $ 11,544 $ 44,174 Decline in value (1,017) (1,758) (1,054) (3,829) Additions 4,816 7,401 2,868 15,085 Sales (7,788) (6,946) (2,828) (17,562) Balance at end of period $ 10,294 $ 17,044 $ 10,530 $ 37,868 Nine-Month Period Ended September 30, 2017 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 12,389 $ 21,379 $ 13,752 $ 47,520 Decline in value (1,672) (2,309) (1,610) (5,591) Additions 9,338 9,210 2,597 21,145 Sales (5,235) (7,464) (2,812) (15,511) Other adjustments (143) (145) - (288) Balance at end of period $ 14,677 $ 20,671 $ 11,927 $ 47,275 After hurricanes Irma and Maria in September 2017, m anagement evaluat ed the potential impact these events brought to Oriental’s foreclosed real estate, considering the related underlying insurance coverage. Oriental has performed property inspections and t aking into consideration all available information, the fair value of these properties was not materially impacted . |
Derivative Activities
Derivative Activities | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Activities [Abstract] | |
Derivative Acitivities | NOTE 9 — DERIVATIVES The following table presents Oriental ’s derivative assets and liabilities at September 30 , 2018 and December 31 , 2017 : September 30, December 31, 2018 2017 (In thousands) Derivative assets: Interest rate swaps designated as cash flow hedges $ 643 $ - Interest rate swaps not designated as hedges 227 618 Interest rate caps 395 153 $ 1,265 $ 771 Derivative liabilities: Interest rate swaps designated as cash flow hedges - 510 Interest rate swaps not designated as hedges 227 618 Interest rate caps 395 153 $ 622 $ 1,281 Interest Rate Swaps Oriental enters into interest rate swap contracts to hedge the variability of future interest cash flows of forecasted wholesale borrowings attributable to changes in a predetermined variable index rate. The interest rate swaps effectively fix Oriental ’s interest payments on an amount of forecasted interest expense attributable to the variable index rate corresponding to the swap notional stated rate. These swaps are designated as cash flow hedges for the forecasted wholesale bor rowing transactions and are properly documented as such ; therefore, qualify for cash flow hedge accounting. Any gain or loss associated with the effective portion of the cash flow hedges is recognized in other comprehensive (loss) and is subsequently recl assified into operations in the period during which the hedged forecasted transactions affect earnings. Changes in the fair value of these derivatives are recorded in accumulated other comprehensive income to the extent there is no significant ineffectiven ess in the cash flow hedging relationships. Currently, Oriental does not expect to reclassify any amount included in other comprehensive (loss) related to these interest rate swaps to operations in the next twelve months. The following table shows a summary of these swaps and their terms at September 30 , 2018 : Notional Fixed Variable Trade Settlement Maturity Type Amount Rate Rate Index Date Date Date (In thousands) Interest Rate Swaps $ 33,964 2.4210% 1-Month LIBOR 07/03/13 07/03/13 08/01/23 $ 33,964 An accumulated unrealized gain of $ 643 thousand and a loss of $ 510 thousand were recognized in accumulated other comprehensive income related to the valuation of these swaps at September 30 , 2018 and December 31 , 2017 , respectively, and the related asset or liability is being reflected in the consolidated statements of financial condition. At September 30 , 2018 a nd December 31 , 2017 , interest rate swaps not designated as hedging instruments that were offered to clients represented an asset of $227 thousan d and $618 thousand, respectively, and were included as part of derivative assets in the consolidated statements of financial position. The credit risk to these clients stemming from these derivatives, if any, is not material. At September 30 , 2018 and December 31 , 2017 , interest rate swaps not designated as hedging instruments that are the mirror-images of the derivatives offered to clients represented a liability of $227 thousand and $618 thousand, respectively, and were included as part of derivative lia bilities in the consolidated statements of financial condition. The following table shows a summary of these interest rate swaps not designated as hedging instruments and their terms at September 30 , 2018 : Notional Fixed Variable Settlement Maturity Type Amount Rate Rate Index Date Date (In thousands) Interest Rate Swaps - Derivatives Offered to Clients $ 12,500 5.5050% 1-Month LIBOR 04/11/09 04/11/19 $ 12,500 Interest Rate Swaps - Mirror Image Derivatives $ 12,500 5.5050% 1-Month LIBOR 04/11/09 04/11/19 $ 12,500 Interest Rate Caps Oriental has entered into interest rate cap transactions with various clients with floating-rate debt who wish to protect their financial results against increases in interest rates. In these cases, Oriental simultaneously enters into mirror-image interest rate cap transactions with financial counterparties. None of these cap transactions qualify for hedge accounting, and therefore, they are marked to market through earnings. As of September 30 , 2018 and December 31 , 2017 , t he ou tstanding total notional amount of interest rate caps was $ 151.4 million and $ 152.6 million, respectively. At September 30 , 2018 and December 31 , 2017 , the interest rate caps sold to clients represented a liability of $395 thousand and $153 thousand, respe ctively, and were included as part of derivative liabilities in the consolidated statements of financial condition. At September 30 , 2018 and December 31 , 2017 , the interest rate caps purchased as mirror-images represented an asset of $395 thousand and $15 3 thousand, respectively, and were included as part of derivative assets in the consolidated statements of financial condition. |
Accrued Interest Receivable and
Accrued Interest Receivable and Other Assets | 9 Months Ended |
Sep. 30, 2018 | |
Accrued Interest Receivable And Other Assets [Abstract] | |
Other Assets Disclosure [Text Block] | NOTE 10 — ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS Accrued interest receivable at September 30 , 2018 and December 31 , 2017 consists of the following: September 30, December 31, 2018 2017 (In thousands) Loans, excluding acquired loans $ 29,671 $ 46,936 Investments 3,781 3,033 $ 33,452 $ 49,969 Accrued interest receivable at December 31 , 2017 , included $ 39.7 million, resulting from the loan payment moratorium. Accrued interest receivable resulting from the loan payment moratorium has been decreasing, as most moratoriums have expired. Some of these accrued interests are payable at the end of the loan term. O ther assets at September 30 , 2018 and December 31 , 2017 consist of the following: September 30, December 31, 2018 2017 (In thousands) Prepaid expenses $ 12,762 $ 9,200 Other repossessed assets 4,146 3,548 Core deposit and customer relationship intangibles 3,697 4,687 Tax credits 2,277 4,277 Investment in Statutory Trust 1,083 1,083 Accounts receivable and other assets 37,951 41,898 $ 61,916 $ 64,693 Prepaid expenses amounting to $ 12.8 million and $9.2 million at September 30 , 2018 and December 31 , 2017 , respectively, include prepaid municipal, property and income taxes aggregating to $ 7.3 million and $ 5.7 million, respectively. In connection with the FDIC-assisted acquisition and the BBVAPR Acquisition, Oriental recorded a core deposit intangible representing the value of checking and savings deposits acquired. At September 30 , 2018 and December 31 , 2017 this core deposit intangible amounted to $ 2.7 million and $ 3.3 million, respectively. In addition, Oriental recorded a customer relationship intangible representing the value of customer relationships acquired with the acquisition of the securities broker-dealer and insurance agency in the BBVAPR Ac quisition. At September 30 , 2018 and December 31 , 2017 , this customer relationship intangible amounted to $ 1.0 million and $ 1.4 million, respectively. Other repossessed assets totaled $4.1 million and $3.5 million at September 30 , 2018 and December 31 , 2017 , respectively, that consist mainly of repossessed automobiles , which are recorded at their net realizable value. At September 30 , 2018 and December 31 , 2017 , tax credits for Oriental totaled $ 2.3 million and $4.3 million, respectively. These tax credit s do not have an expiration date. |
Deposits and Related Interest
Deposits and Related Interest | 9 Months Ended |
Sep. 30, 2018 | |
Deposits and Related Interest [Abstract] | |
Deposit and Related Interest | NOTE 11 — DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of September 30 , 2018 and December 31 , 2017 consist of the following: September 30, December 31, 2018 2017 (In thousands) Non-interest bearing demand deposits $ 1,107,567 $ 969,525 Interest-bearing savings and demand deposits 2,412,690 2,274,116 Individual retirement accounts 204,715 231,376 Retail certificates of deposit 610,118 595,983 Institutional certificates of deposit 223,025 209,951 Total core deposits 4,558,115 4,280,951 Brokered deposits 530,878 518,531 Total deposits $ 5,088,993 $ 4,799,482 Brokered deposits include $ 503.5 million in certificates of deposits and $ 27.3 million in money market accounts at September 30 , 2018 , and $ 471.6 million in certificates of deposits and $ 46.9 million in money market accounts at December 31 , 2017 . The weighted average interest rate of Oriental’s deposits was 0.65 % at September 30 , 2018 and December 31 , 2017 . Interest expense for the quarters and nine -month periods ended September 30 , 2018 and 2017 was as follows : Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Demand and savings deposits $ 3,157 $ 2,715 $ 8,924 $ 8,563 Certificates of deposit 5,448 4,886 14,630 14,043 $ 8,605 $ 7,601 $ 23,554 $ 22,606 At September 30 , 2018 and December 31 , 2017 , time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $ 367.8 million and $ 359.6 million, respectively. Such amounts include public funds time deposits from various Puerto Rico government municipalities, agencies and corporations of $ 43.7 million and $ 3.5 million at a weighted average rate of 0.54 % and 0.28 % at September 30 , 2018 and December 31 , 2017 , respectively. At September 30 , 2018 and December 31 , 2017 , total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $ 285.0 million and $ 153.1 million, respectively. These public funds were collateralized with commercial loans amoun ting to $ 265.1 million and $ 173.0 million at September 30 , 2018 and December 31 , 2017 , respectively. Excluding accrued interest of approximately $ 2.6 million, the scheduled maturities of certificates of deposit at September 30 , 2018 and December 31 , 2017 are as follows : September 30, December 31, 2018 2017 (In thousands) Within one year: Three (3) months or less $ 239,716 $ 316,382 Over 3 months through 1 year 578,308 508,285 818,024 824,667 Over 1 through 2 years 506,842 470,670 Over 2 through 3 years 137,738 137,016 Over 3 through 4 years 31,088 36,125 Over 4 through 5 years 45,100 38,623 $ 1,538,792 $ 1,507,101 The table of scheduled maturities of certificates of deposits above includes brokered-deposits and individual retirement accounts. The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans amounted to $ 360 thousand and $ 2.2 million as of September 30 , 2018 and December 31 , 2017 , respectively. |
Borrowings and Related Interest
Borrowings and Related Interest | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Borrowings | NOTE 1 2 — BORROWINGS AND RELATED INTEREST Securities Sold under Agreements to Repurchase At September 30 , 2018 , securities underlying agreements to repurchase were delivered to, and are being held by, the counterparties with whom the repurchase agreements were transacted. The counterparties have agreed to resell to Oriental the same or similar securities at the maturity of these agreements. The purpose of these transactions is to provide financing for Oriental ’s securities portfolio. At September 30 , 2018 and December 31 , 2017 , securities sold under agreements to repurchase (classified by counterparty), excludi ng accrued interest in the amount of $ 429 thousand and $ 369 thousand, respectively, were as follows: September 30, December 31, 2018 2017 Fair Value of Fair Value of Borrowing Underlying Borrowing Underlying Balance Collateral Balance Collateral (In thousands) South Street Securities, LLC 12,000 12,590 - - JP Morgan Chase Bank NA 130,000 140,364 82,500 88,974 Nomura Securities International, Inc 53,294 56,199 - - JVB Financial Group, LLC 32,525 34,116 - - Federal Home Loan Bank 110,000 116,432 110,000 116,509 Citigroup Global Markets Inc. 39,989 42,524 - - Total $ 377,808 $ 402,225 $ 192,500 $ 205,483 The following table shows a summary of Oriental ’s repurchase agreements and their terms, excluding accrued interest in the amount of $429 thousand , at September 30 , 2018 : Weighted- Borrowing Average Maturity Year of Maturity Balance Coupon Settlement Date Date (In thousands) 2018 32,525 2.19% 9/10/2018 10/10/2018 39,989 2.30% 9/18/2018 10/2/2018 53,294 2.45% 9/24/2018 10/25/2018 12,000 2.40% 9/25/2018 10/15/2018 2019 50,000 1.72% 3/2/2017 9/3/2019 2020 60,000 1.85% 3/2/2017 3/2/2020 50,000 2.61% 3/15/2018 3/15/2020 30,000 2.70% 3/23/2018 3/23/2020 50,000 2.86% 7/6/2018 7/6/2020 $ 377,808 2.31% All of the repurchase agreem ents referred to above with maturity dates up to the date of this report were renewed as short-term repurchase agreements. The following table presents the repurchase liability a ssociated with the repurchase agreement transactions (excluding accrued interest) by maturity. Also, it includes the carrying value and approximate market value of collateral (excluding accrued interest) at September 30 , 2018 and December 31 , 2017 . There was no cash collateral at September 30 , 2018 and December 31 , 2017 . Market Value of Underlying Collateral Market Value of Underlying Collateral Weighted FNMA and Weighted FNMA and Repurchase Average FHLMC Repurchase Average FHLMC Liability Rate Certificates Liability Rate Certificates September 30, 2018 December 31, 2017 (Dollars in thousands) Less than 90 days $ 137,808 2.34% $ 145,429 $ - - $ - Over 90 days 240,000 2.30% 256,796 192,500 1.63% 205,483 Total $ 377,808 2.31% $ 402,225 $ 192,500 1.63% $ 205,483 Advances from the Federal Home Loan Bank of New York Advances are received from the FHLB-NY under an agreement whereby Oriental is required to maintain a minimum amount of qualifying collateral with a fair value of at least 110 % of the outstanding advances. At September 30 , 2018 and December 31 , 2017 , these advances were secured by mortgage and commercial loans amounting to $ 905.3 million and $ 1. 3 billion, respectively. Also, at September 30 , 2018 and December 31 , 2017 , Oriental had an additional borrowing capacity with the FHLB-NY of $ 830.7 million and $ 920.0 m illion, respectively. At September 30 , 2018 and December 31 , 2017 , the weighted average remaining maturity of FHLB’s advances was 26.2 months and 3.2 months , respectively. The original terms of these advances range between one month and seven years, and the FHLB-NY does not have the right to exercise put options at par on any advances outstanding as of September 30 , 2018 . The following table shows a summary of these advanc es and their terms, excluding accrued interest in the amount of $ 15 3 thousand , at September 30 , 2018 Weighted- Borrowing Average Maturity Year of Maturity Balance Coupon Settlement Date Date (In thousands) 2018 33,964 2.32% 9/4/2018 10/1/2018 2020 8,953 2.59% 7/19/2013 7/20/2020 2023 12,152 2.94% 5/9/2018 5/9/2023 2,087 2.92% 6/8/2018 6/8/2023 16,222 2.92% 7/13/2018 7/13/2023 $ 73,378 2.61% All of the advances referred to above with maturity dates up to the date of this report were renewed as one-month short-term advances. Subordinated Capital Notes Subordinated capital notes amounted to $ 36.1 million at September 30 , 2018 and December 31 , 2017 , for both periods . |
Offsettings of Assets_Liabiliti
Offsettings of Assets/Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Offsetting [Abstract] | |
Balance sheet Offsetting [Text Block] | NOTE 1 3 – OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES Oriental ’s derivatives are subject to agreements which allow a right of set-off with each respective counterparty. In addition, Oriental ’s securities purchased under agreements to resell and securities sold under agreements to repurchase have a right of set-off with the respective counterparty under the supplemental terms of the master repurchase agreements. In an event of default, each party has a right of set-off against the other party for amounts owed in the related agreements and any other amount or obligation owed in respect of any other agreement or transaction between them. Security collateral posted to open and maintain a master netting agreement with a counterparty, in the form of cas h and securities, may from time to time be segregated in an account at a third-party custodian pursuant to an account control agreement. The following table presents the potential effect of rights of set-off associated with Oriental ’s recognized financi al assets and liabilities at September 30 , 2018 and December 31 , 2017 : September 30, 2018 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts Net Amount of Offset in the Assets Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Assets Condition Condition Instruments Received Amount (In thousands) Derivatives $ 1,265 $ - $ 1,265 $ 1,986 $ - $ (721) December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts Net amount of Offset in the Assets Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Assets Condition Condition Instruments Received Amount (In thousands) Derivatives $ 771 $ - $ 771 $ 2,010 $ - $ (1,239) September 30, 2018 Gross Amounts Not Offset in the Statement of Financial Condition Net Amount of Gross Amounts Liabilities Offset in the Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Liabilities Condition Condition Instruments Provided Amount (In thousands) Derivatives $ 622 $ - $ 622 $ - $ 1,980 $ (1,358) Securities sold under agreements to repurchase 377,808 - 377,808 402,225 - (24,417) Total $ 378,430 $ - $ 378,430 $ 402,225 $ 1,980 $ (25,775) December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Condition Net Amount of Gross Amounts Liabilities Offset in the Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Liabilities Condition Condition Instruments Provided Amount (In thousands) Derivatives $ 1,281 $ - $ 1,281 $ - $ 1,980 $ (699) Securities sold under agreements to repurchase 192,500 - 192,500 205,483 - (12,983) Total $ 193,781 $ - $ 193,781 $ 205,483 $ 1,980 $ (13,682) |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Income Taxes [Abstract] | |
Income Taxes | NOTE 1 4 — INCOME TAXES Oriental is subject to the provisions of the Puerto Rico Internal Revenue Code of 2011, as amended (the “Code”), which imposes a maximum statutory corporate tax rate of 39% on a corporation’s net taxable income. Under the Code, all corporations are treated as separate taxable entities and are not entitled to file consolidated tax returns. Such entities are subject to Puerto Rico regular income tax or the alternative minimum tax (“AMT”) on income earned from all sources pursuant to the Code. The AMT is payable if it exceeds regular income tax. The excess of AMT over regular income tax paid in any one year may be used to offset regular income tax in future years, subject to certain limitations . Oriental also has operations in the United States mainland through its wholly owned subsidiary, OPC, a retirement plan administrator based in Florida. In October 2017, Oriental expanded its operations in the United States through the Bank’s wholly owned subsidiary, OFG USA. Both subsidiaries are subject to federal income taxes at the corporate level. In addition, OPC is subject to Florida state taxes and OFG USA is subject to North Carolina state taxes. At September 30 , 2018 and December 31 , 2017 , Oriental’s net deferred tax asset amounted to $122.9 million and $12 7.4 million, respectively. In assessin g the realizability of the deferred tax asset, management considers whether it is more likely than not that some portion or the entire deferred tax asset will not be realized. The ultimate realization of the deferred tax asset is mainly dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making t his assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax asset is deductible, management believes it is more likely than not that Oriental will realize the defer red tax asset, net of the existing valuation allowances recorded at September 30 , 2018 and December 31 , 2017 . The amount of the deferred tax asset that is considered realizable could be reduced in the near term if there are changes in estimates of future t axable income. Oriental maintained an effective tax rate lower than statutory rate for the nine-month periods ended September 30 , 2018 and 2017 of 33.7 % and 29.8 %, respectively , mainly by investing in tax-exempt obligations, doing business through its international banking entity , and by expanding its operations in the U.S, which are taxed at a lower rate. Or iental classifies unrecognized tax benefits in other liabilities. These gross unrecognized tax benefits would affect the effective tax rate if realized. At September 30 , 2018 and December 31 , 2017 , unrecognized tax benefits amounted at $ 858 thousand and $ 1.3 million , respectively. The change in unrecognized tax benefits is mainly related to the expiration of a statute of limitation, resulting in a benefit of $4 68 thousand. Oriental had accrued $ 64 thousand at September 30 , 2018 ( December 31 , 2017 - $ 97 thousand) for the payment of interest and penalties relating to unrecognized tax benefits . Income tax expense for the quarters ended September 30 , 2018 and 2017 was $ 12.3 million and $ 560 thousand , respectively. Income tax expense for the nine -month periods ended September 30 , 2018 and 2017 was $ 29.9 million and $13. 8 million, respectively . |
Regulatory Capital Requirements
Regulatory Capital Requirements | 9 Months Ended |
Sep. 30, 2018 | |
Regulatory Capital Requirements Abstract | |
Regulatory Capital Requirements Under Banking Regulations Text Block | NOTE 15 — REGULATORY CAPITAL REQUIREMENTS Regulatory Capital Requirements OFG Bancorp (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by federal and Puerto Rico banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on Oriental ’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Oriental and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classificat ion are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Pursuant to the Dodd-Frank Act, federal banking regulators adopted capital rules that became effective January 1, 2015 for Oriental and the Bank (subject to certain phase-in periods through January 1, 2019) and that replaced their general risk-based capital rules, advanced approaches rule, market risk rule, and leverage rules. Among other matters, the new capital rules: (i) introduce a new capital measure called “Common Equity Tier 1” (“CET1”) and related regulatory capital ratio of CET1 to risk-weighted assets; (ii) specify that Tier 1 capital consists of CET1 and “Additional Tier 1 capital” instruments meeting certain revised requirements ; (iii) mandate that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital; and (iv) expand the scope of the deductions from and adjustments to capital as compared to prior regulations. The cu rrent capital rules prescribe a new standardized approach for risk weightings that expand the risk-weighting categories from the previous four Basel I-derived categories (0%, 20%, 50% and 100%) to a larger and more risk-sensitive number of categories, depen ding on the nature of the assets, and resulting in higher risk weights for a variety of asset classes. Pursuant to the current capital rules, the minimum capital ratios requirements are as follows: 4.5% CET1 to risk-weighted assets; 6.0% Tier 1 capital (that is, CET1 plus Additional Tier 1 capital) to risk-weighted assets; 8.0% Total capital (that is, Tier 1 capital plus Tier 2 capital) to risk-weighted assets; and 4.0% Tier 1 capital to average consolidated assets as reported on consolidated financial statements (known as the “leverage ratio”). As of September 30 , 2018 and December 31 , 2017 , OFG Bancorp and the Bank met all capital adequacy requirements to which they are subject. As of September 30 , 2018 and December 31 , 2017 , the Bank is “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, to tal risk-based, and Tier 1 leverage ratios as set forth in the tables presented below. OFG Bancorp ’s and the Bank’s actual capital amounts and ratios as of September 30 , 2018 and December 31 , 2017 are as follows: Minimum Capital Minimum to be Well Actual Requirement Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) OFG Bancorp Ratios As of September 30, 2018 Total capital to risk-weighted assets $ 953,543 19.84% $ 384,508 8.00% $ 480,635 10.00% Tier 1 capital to risk-weighted assets $ 891,807 18.55% $ 288,381 6.00% $ 384,508 8.00% Common equity tier 1 capital to risk-weighted assets $ 690,937 14.38% $ 216,286 4.50% $ 312,413 6.50% Tier 1 capital to average total assets $ 891,807 13.93% $ 255,993 4.00% $ 319,992 5.00% As of December 31, 2017 Total capital to risk-weighted assets $ 899,258 20.34% $ 353,653 8.00% $ 442,067 10.00% Tier 1 capital to risk-weighted assets $ 842,133 19.05% $ 265,240 6.00% $ 353,653 8.00% Common equity tier 1 capital to risk-weighted assets $ 644,804 14.59% $ 198,930 4.50% $ 287,343 6.50% Tier 1 capital to average total assets $ 842,133 13.92% $ 242,057 4.00% $ 302,571 5.00% Minimum Capital Minimum to be Well Actual Requirement Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Bank Ratios As of September 30, 2018 Total capital to risk-weighted assets $ 925,447 19.28% $ 383,971 8.00% $ 479,964 10.00% Tier 1 capital to risk-weighted assets $ 863,978 18.00% $ 287,979 6.00% $ 383,971 8.00% Common equity tier 1 capital to risk-weighted assets $ 863,978 18.00% $ 215,984 4.50% $ 311,977 6.50% Tier 1 capital to average total assets $ 863,978 13.56% $ 254,847 4.00% $ 318,559 5.00% As of December 31, 2017 Total capital to risk-weighted assets $ 879,648 19.92% $ 353,265 8.00% $ 441,581 10.00% Tier 1 capital to risk-weighted assets $ 822,776 18.63% $ 264,949 6.00% $ 353,265 8.00% Common equity tier 1 capital to risk-weighted assets $ 822,776 18.63% $ 198,712 4.50% $ 287,028 6.50% Tier 1 capital to average total assets $ 822,776 13.63% $ 241,417 4.00% $ 301,771 5.00% |
Stockholders' Equity
Stockholders' Equity | 9 Months Ended |
Sep. 30, 2018 | |
Stockholders' Equity [Abstract] | |
Stockholders' equity | NOTE 16 – STOCKHOLDERS’ EQUITY A dditional Paid-in Capital Additional paid-in capital represents contributed capital in excess of par value of common and preferred stock net of the costs of issuance. As of both September 30 , 2018 and December 31 , 2017 , accumulated issuance costs charged against additional paid-in capital amounted to $ 13.6 million and $ 10.1 million for preferred and common stock, respectively. Legal Surplus The Puerto Rico Banking Act requires that a minimum of 10 % of the Bank’s net income for the year be transferred to a reserve fund until such fund (legal surplus) equals the total paid in capital on common and preferred stock. At September 30 , 2018 and December 31 , 2017 , the Bank’s legal surplus amounted to $ 87.6 million and $ 81.5 million, respectively. The amount transferred to the legal surplus account is not available for the payment of dividends to shareholders. Treasury Stock Under Oriental ’s current stock repurchase program it is authorized to purchase in the open market up to $ 7.7 million of its outstanding shares of common stock. The shares of common stock repurchased are to be held by Oriental as treasury shares. During the nine -month periods ended September 30 , 2018 and 2017 , Oriental did not purchase any shares under the program. At September 30 , 2018 the number of shares that may yet be purchased under the $70 million program is estimated at 478 ,691 and was calculated by dividing the remaining balance of $ 7.7 million by $ 16.15 (closing price of Oriental's common stock at September 30 , 2018 ). The activity in connection with common shares held in treasury by Oriental for the nine- month periods ended September 30 , 2018 and 2017 is set forth below: Nine-Month Period Ended September 30, 2018 2017 Dollar Dollar Shares Amount Shares Amount (In thousands, except shares data) Beginning of period 8,678,427 $ 104,502 8,711,025 $ 104,860 Common shares used upon lapse of restricted stock units (58,424) (796) (32,598) (358) End of period 8,620,003 $ 103,706 8,678,427 $ 104,502 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure Text Block Abstract | |
Comprehensive Income Note Text Block | NOTE 17 - ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income, net of income taxes, as of September 30 , 2018 and December 31 , 2017 consisted of: September 30, December 31, 2018 2017 (In thousands) Unrealized loss on securities available-for-sale which are not other-than-temporarily impaired $ (24,343) $ (3,003) Income tax effect of unrealized loss on securities available-for-sale 3,155 365 Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired (21,188) (2,638) Unrealized gain (loss) on cash flow hedges 643 (510) Income tax effect of unrealized (gain) loss on cash flow hedges (250) 199 Net unrealized gain (loss) on cash flow hedges 393 (311) Accumulated other comprehensive (loss), net of income taxes $ (20,795) $ (2,949) The following table presents changes in accumulated other comprehensive income by component, net of taxes, for the quarters and nine- month periods ended September 30 , 2018 and 2017 : Quarter Ended September 30, 2018 2017 Net unrealized Net unrealized Accumulated Net unrealized Net unrealized Accumulated gains on loss on other gains on loss on other securities cash flow comprehensive securities cash flow comprehensive available-for-sale hedges (loss) income available-for-sale hedges (loss) income (In thousands) Beginning balance $ (15,518) $ 256 $ (15,262) $ 256 $ (563) $ (307) Other comprehensive loss before reclassifications (5,607) (380) (5,987) 1,185 (74) 1,111 Amounts reclassified out of accumulated other comprehensive income (loss) (63) 517 454 (70) 108 38 Other comprehensive income (loss) (5,670) 137 (5,533) 1,115 34 1,149 Ending balance $ (21,188) $ 393 $ (20,795) $ 1,371 $ (529) $ 842 Nine-Month Period Ended September 30, 2018 2017 Net unrealized Net unrealized Accumulated Net unrealized Net unrealized Accumulated gains on loss on other gains on loss on other securities cash flow comprehensive securities cash flow comprehensive available-for-sale hedges (loss) income available-for-sale hedges (loss) income (In thousands) Beginning balance $ (2,638) $ (311) $ (2,949) $ 2,209 $ (613) $ 1,596 Other comprehensive loss before reclassifications (18,361) (635) (18,996) (726) (301) (1,027) Amounts reclassified out of accumulated other comprehensive income (loss) (189) 1,339 1,150 (112) 385 273 Other comprehensive income (loss) (18,550) 704 (17,846) (838) 84 (754) Ending balance $ (21,188) $ 393 $ (20,795) $ 1,371 $ (529) $ 842 The following table presents reclassifications out of accumulated other comprehensive income for the quarters and nine -month periods ended September 30 , 2018 and 2017 : Amount reclassified out of accumulated other comprehensive income Affected Line Item in Consolidated Statement of Operations Quarter Ended September 30, 2018 2017 (In thousands) Cash flow hedges: Interest-rate contracts $ 517 $ 108 Net interest expense Available-for-sale securities: Gain on sale of investments - 4 Income tax expense Residual tax effect from OIB's change in applicable tax rate - 1 Income tax expense Tax effect from changes in tax rates (63) (71) Income tax expense $ 454 $ 42 Amount reclassified out of accumulated other comprehensive income Affected Line Item in Consolidated Statement of Operations Nine-Month Period Ended September 30, 2018 2017 (In thousands) Cash flow hedges: Interest-rate contracts $ 1,339 $ 385 Net interest expense Available-for-sale securities: Gain on sale of investments - 6,896 Income tax expense Residual tax effect from OIB's change in applicable tax rate 5 104 Income tax expense Tax effect from changes in tax rates (194) (216) Income tax expense $ 1,150 $ 7,169 |
Earnings Per Common Share
Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Text Block | NOTE 18 – EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters and nine -month periods ended September 30 , 2018 and 2017 is as follows: Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income $ 23,100 $ 3,319 $ 59,666 $ 35,573 Less: Dividends on preferred stock Non-convertible preferred stock (Series A, B, and D) (1,628) (1,627) (4,883) (4,883) Convertible preferred stock (Series C) (1,838) (1,838) (5,513) (5,513) Income available to common shareholders $ 19,634 $ (146) $ 49,270 $ 25,177 Effect of assumed conversion of the convertible preferred stock 1,838 1,838 5,513 5,513 Income available to common shareholders assuming conversion $ 21,472 $ 1,692 $ 54,783 $ 30,690 Weighted average common shares and share equivalents: Average common shares outstanding 43,996 43,947 43,975 43,937 Effect of dilutive securities: Average potential common shares-options 209 17 110 20 Average potential common shares-assuming conversion of convertible preferred stock 7,259 7,138 7,259 7,138 Total weighted average common shares outstanding and equivalents 51,464 51,102 51,344 51,095 Earnings per common share - basic $ 0.45 $ - $ 1.12 $ 0.57 Earnings per common share - diluted $ 0.42 $ - $ 1.07 $ 0.56 In computing diluted earnings per common share, the 84,000 shares of convertible preferred stock, which remain outstanding at September 30 , 2018 , with a conversion rate, subject to certain conditions, of 86.4225 shares of common stock per share, were included as average potential common shares from the date they were issued and outstanding. Moreover, in computing diluted earnings per common share, the dividends declared during the quarters and nine -month periods ended September 30 , 2018 and 2017 on the convertible preferred stock were added back as income available to common shareholders . For the quarters ended September 30 , 2018 and 2017 , weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 307,925 and 922, 601 , respectively. For the nine-month period ended September 30 , 2018 and 2017 , weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 435,950 and 935 , 740 , respectively. |
Guarantees
Guarantees | 9 Months Ended |
Sep. 30, 2018 | |
Guarantees [Abstract] | |
Guarantees [Text Block] | NOTE 19 – GUARANTEES At September 30 , 2018 and December 31 , 2017 , the unamortized balance of the obligations undertaken in issuing the guarantees under standby letters of credit represented a liability of $ 15.7 million and $ 21.1 million, respectively. Oriental has a liability for residential mortgage loans sold subject to credit recourse pursuant to FNMA’s residential mortgage loan sales and securitization programs. At September 30 , 2018 and December 31 , 2017 , the unpaid principal balance of residentia l mortgage loans sold subject to credit recourse was $ 5.5 million and $ 6.4 million, respectively. The following table shows the changes in Oriental ’s liability for estimated losses from these credit recourse agreements, included in the consolidated statem ents of financial condition during the quarters and nine-month periods ended September 30 , 2018 and 2017 . Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Balance at beginning of period $ 264 $ 570 $ 358 $ 710 Net (charge-offs/terminations) recoveries (60) (118) (154) (258) Balance at end of period $ 204 $ 452 $ 204 $ 452 The estimated losses to be absorbed under the credit recourse arrangements were recorded as a liability when the credit recourse was assumed, and are updated on a quarterly basis. The expected loss, which represents the amount expected to be lost on a given loan, considers the probability of default and loss severity. The probability of default represents the probability that a loan in good standing would become 120 days delinquent, in which case Oriental is o bligated to repurchase the loan . If a borr ower defaults, pursuant to the credit recourse provided, Oriental is required to repurchase the loan or reimburse the third - party investor for the incurred loss. The maximum potential amount of future payments that Oriental would be required to make under the recourse arrangements is equivalent to the total outstanding balance of the residential mortgage loans serviced with recourse and interest, if applicable. During the quarter ended September 30 , 2018 , Oriental repurchased approximately $ 234 thousand of unpaid principal balance in mortgage loans subject to the credit recourse provisions. During the quarter ended September 30 , 2017 , Oriental did not repurchase any unpaid principal balance of mortgage loans subject to credit recourse provisions. During the nine-month periods ended September 30 , 2018 and 2017 , Oriental repurchased approximately $ 569 thousand and $ 107 thousand , respectively, of unpaid principal balance in mortgage loans subject to the credit recourse provisions. If a borrower defaults, Or iental has rights to the underlying collateral securing the mortgage loan. Oriental suffers losses on these mortgage loans when the proceeds from a foreclosure sale of the collateral property are less than the outstanding principal balance of the loan, any uncollected interest advanced, and the costs of holding and disposing the related property. At September 30 , 2018 , Oriental’s liability for estimated credit losses related to loans sold with credit recourse amounted to $ 204 thousand (December 31, 201 7 – $ 3 58 thousand). When Oriental sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. Oriental 's mortgage operations division groups conforming mortgage loans into pools which are exchanged for FNMA and GNMA mortgage-backed securities, which are generally sold to private investors, or are sold directly to FNMA or other private investors for cash. As required under such mortgage backed securities programs, quality rev iew procedures are performed by Oriental to ensure that asset guideline qualifications are met. To the extent the loans do not meet specified characteristics, Oriental may be required to repurchase such loans or indemnify for losses and bear any subsequent loss related to the loans. During the quarter ended September 30 , 2018 , Oriental repurchased $ 1.6 million ( September 30 , 2017 – $ 625 thousand ) of unpaid principal balance in mortgage loans , excluding mortgage loans subject to credit recourse provision ref erred above . During the nine -month periods ended September 30 , 2018 , Oriental repurchased $ 5.9 million ( September 30 , 2017 – $ 3.0 million) of unpaid principal balance in mortgage loans , excluding mortgage loans subject to credit recourse provision referred above . During the quarter ended September 30 , 2018 , Oriental recognized $ 30 thousand in losses from the repurchase of residential mortgage loans sold subject to credit recourse, and $ 41 thousand in losses from the repurchase of residential mortgage loans as a result of breaches of customary representations and warranties. During the quarter ended September 30 , 2017 , Oriental did not recognize any gains or losses from the repurchase of residential mo rtgage loans sold subject to credit recourse, but did recognize $ 74 thousand in losses from the repurchase of residential mortgage loans as a result of breaches of customary representations and warranties. During the nine -month periods ended September 30 , 2018 and 2017 , Oriental recognized $ 406 thousand and $ 354 thousand, respectively, in losses from the repurchase of residential mortgage loans sold subject to credit reco urse, and $ 71 thousand and $ 5 17 thousand, respectively, in losses from the repur chase of residential mortgage loans as a result of breaches of customary representations and warranties. Servi cing agreements relating to the mortgage-backed securities programs of FNMA and GNMA, and to mortgage loans sold or serviced to certain othe r investors, including the FHLMC, require Oriental to advance funds to make scheduled payments of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. At September 30 , 2018 , Oriental s erviced $ 891.0 million ( December 31 , 2017 - $ 864.9 million) in mortgage loans for third-parties. Oriental generally recovers funds advanced pursuant to these arrangements from the mortgage owner, from liquidation proceeds when the mortgage loan is foreclosed or, in the case of F HA/VA loans, under the applicable FHA and VA insurance and guarantees programs. However, in the meantime, Oriental must absorb the cost of the funds it advances during the time the advance is outstanding. Oriental must also bear the costs of attempting to collect on delinquent and defaulted mortgage loans. In addition, if a defaulted loan is not cured, the mortgage loan would be canceled as part of the foreclosure proceedings and Oriental would not receive any future servicing income with respect to that lo an. At September 30 , 2018 , the outstanding balance of funds advanced by Oriental under such mortgage loan servicing agreements was approximately $ 798 thousand ( December 31 , 2017 - $ 440 thousand). To the extent the mortgage loans underlying Oriental's servi cing portfolio experience increased delinquencies, Oriental would be required to dedicate additional cash resources to comply with its obligation to advance funds as well as incur additional administrative costs related to increases in collection efforts. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies [Abstract] | |
Commitments | NOTE 20 — COMMITMENTS AND CONTINGENCIES Loan Commitments In the normal course of business, Oriental becomes a party to credit-related financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby and commercial letters of credit, and financial gua rantees. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated statements of financial condition. The contract or notional amount of those instruments reflects the e xtent of Oriental ’s involvement in particular types of financial instruments. Oriental ’s exposure to credit losses in the event of nonperformance by the counterparty to the financial instrument for commitments to extend credit, including commitments under credit card arrangements, and commercial letters of credit is represented by the contractual notional amounts of those instruments, which do not necessarily represent the amounts potentially subject to risk. In addition, the measurement of the risks associ ated with these instruments is meaningful only when all related and offsetting transactions are identified. Oriental uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Credit-related financial instruments at September 30 , 2018 and December 31 , 2017 were as follows: September 30, December 31, 2018 2017 (In thousands) Commitments to extend credit $ 566,030 $ 485,019 Commercial letters of credit 1,464 494 Commitments to extend credit represent agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Oriental evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by Oriental upon the extension of credit, is based on management’s credit evaluation of the counterparty. A t September 30 , 2018 and December 31 , 2017 , commitments to extend credit consisted mainly of undisbursed available amounts on commercial lines of credit, construction loans, and revolving credit card arrangements. Since many of the unused commitments are e xpected to expire unused or be only partially used, the total amount of these unused commitments does not necessarily represent future cash requirements. These lines of credit had a reserve of $ 742 thousand and $ 567 thousand , a t September 30 , 2018 and December 31 , 2017 , respectively . Commercial letters of credit are issued or confirmed to guarantee payment of customers’ payables or receivables in short-term international trade transactions. Generally, drafts will be drawn when the underlying transaction is consummated as intended. However, the short-term nature of this instrument serves to mitigate the risk associated with these contracts. The summary of instruments that are considered financial guarantees in accordance with the authoritative guidance related to guarantor’s accounting and disclosure requirements for guarantees, including indirect guarantees of indebtedness of others, at September 30 , 2018 and December 31 , 2017 , is as follows: September 30, December 31, 2018 2017 (In thousands) Standby letters of credit and financial guarantees $ 15,721 $ 21,107 Loans sold with recourse 5,490 6,420 Standby letters of credit and financial guarantees are written conditional commitments issued by Oriental to guarantee the payment and/or performance of a customer to a third party (“beneficiary”). If the customer fails to comply with the agreement, the beneficiary may draw on the standby letter of credit or financial guarantee as a remedy. The amount of cred it risk involved in issuing letters of credit in the event of nonperformance is the face amount of the letter of credit or financial guarantee. These guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The amount of collateral obtained, if it is deemed necessary by Oriental upon extension of credit, is based on management’s credit evaluation of the customer. Lease Commitments Oriental has entered into various operating lease agreements for branch facilities and administrative offices. Rent expense for both quarters ended September 30 , 2018 and 2017 , amounted to $ 2.0 million . For the nine -month periods ended September 30 , 2018 and 2017 , rent expense amounted to $ 7.4 million and $ 6.5 million, respectively, and is included in the "occupancy and equipment" caption in the unaudited consolidated statements of opera tions. Future rental commitments under lea ses in effect at September 30 , 2018 , exclusive of taxes, insurance, and maintenance expenses payable by Oriental , are summarized as follows: Minimum Rent Year Ending December 31, (In thousands) 2018 $ 4,868 2019 5,977 2020 4,062 2021 3,360 2022 2,494 Thereafter 6,926 $ 27,687 |
Contingencies | Contingencies Oriental and its subsidiaries are defendants in a number of legal proceedings incidental to their business. In the ordinary course of business, Oriental and its subsidiaries are also subject to governmental and regulatory examinations. Certain subsidiaries of Oriental , including the Bank (and its subsidiary , OIB), Oriental Financial Services, and Oriental Insurance, are subject to regulation by various U.S., Puerto Rico and other regulators. Oriental seeks to resolve all arbitration, li tigation and regulatory matters in the manner management believes is in the best interests of Oriental and its shareholders, and contests allegations of liability or wrongdoing and, where applicable, the amount of damages or scope of any penalties or other relief sought as appropriate in each pending matter. Subject to the accounting and disclosure framework under the provisions of ASC 450, it is the opinion of Oriental ’s management, based on current knowledge and after taking into account its current lega l accruals, that the eventual outcome of all matters would not be likely to have a material adverse effect on the consolidated statements of financial condition of Oriental . Nonetheless, given the substantial or indeterminate amounts sought in certain of t hese matters, and the inherent unpredictability of such matters, an adverse outcome in certain of these matters could, from time to time, have a material adverse effect on Oriental ’s consolidated results of operations or cash flows in particular quarterly or annual periods. Oriental has evaluated all arbitration, litigation and regulatory matters where the likelihood of a potential loss is deemed reasonably possible. Oriental has determined that the estimate of the reasonably possible loss is not significant. |
Fair Value
Fair Value | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value | NOTE 21 - FAIR VALUE OF FINANCIAL INSTRUMENTS Oriental follows the fair value measurement framework under U.S. Generally Accepted Accounting Principles (“GAAP”) . Fair Value Measurement The fair value measurement framework defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This framework also es tablishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Money market investments The fair value of money market investments is based on the carrying amounts reflected in the consolidated statements of financial condition as these are reasonable estimates of fair value given the short-term nature of the instruments. Investment securities The fair value of investment securities is based on qu oted market prices, when available, or market prices provided by Interactive Data Corporation ("IDC"), an independent, well-recognized pricing company. Suc h securities are classified as Level 1 or L evel 2 depending on the basis for determining fair value. If listed prices or quotes are not available, fair value is based upon externally developed models that use both observable and unobservable inputs depending on the market activity of the instrument, and suc h securities are classified as L evel 3. At September 30 , 2018 and December 31 , 2017 , Oriental did not have investment securities classified as Level 3. Securities purchased under agreements to resell The fair value of securities purchased under agreements to resell is based on the carrying amounts reflected in the consolidated statements of financial condition as these are reasonable estimates of fair value given the short-term nature of instruments . Derivative instruments The fair value of the interest rate swaps is largely a function of the fina ncial market’s expectations regarding the future direction of interest rates. Accordingly, current market values are not necessarily indicative of the future impact of derivative instruments on earnings. This will depend, for the most part, on the shape of the yield curve, the level of interest rates, as well as the expectations for rates in the future. The fair value of most of these derivative instruments is based on observable market parameters, which include discounting the instruments’ cash flows using the U.S. dollar LIBOR-based discount rates, and also applying yield curves that account for the industry sector and the credit rating of the counterparty and/or Oriental . Certain other derivative instruments with limited market activity are valued using e xternally developed models that consider unobservable market parameters. Based on their valuation methodology, derivative instruments are classified as Level 2 or Level 3. Servicing assets Servicing assets do not trade in an active market with readily observable prices. Servicing assets are priced using a discounted cash flow model. The valuation model considers servicing fees, portfolio characteristics, prepayment assumptions, delinquency rates, late charges, other ancillary revenues, cost to service a nd other economic factors. Due to the unobservable nature of certain valuation inputs, the servicing rights are classified as Level 3. Impaired Loans Impaired loans are carried at the present value of expected future cash flows using the loan’s existing rate in a discounted cash flow calculation, or the fair value of the collateral if the loan is collateral-dependent. Expected cash flows are based on internal inputs reflecting expected default rates on contractual cash flows. This method of estim ating fair value does not incorporate the exit-price concept of fair value described in ASC 820-10 and would generally result in a higher value than the exit-price approach. For loans measured using the estimated fair value of collateral less costs to sell , fair value is generally determined based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations, in accordance with the provisions o f ASC 310-10-35 less disposition costs. Currently, the associated loans considered impaired are classified as Level 3. Foreclosed real estate Foreclosed real estate includes real estate properties securing residential mortgage and commercial loans. The f air value of foreclosed real estate may be determined using an external appraisal, broker price option or an internal valuation. These foreclosed assets are classified as Level 3 given certain internal adjustments that may be made to external appraisals. Other repossessed assets Other repossessed assets include repossessed automobiles. The fair value of the repossessed automobiles may be determined using internal valuation and an external appraisal. These repossessed assets are classified as Level 3 given certain internal adjustments that may be made to external appraisals. Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below: September 30, 2018 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ - $ 848,552 $ - $ 848,552 Trading securities - 405 - 405 Money market investments 5,805 - - 5,805 Derivative assets - 1,265 - 1,265 Servicing assets - - 10,866 10,866 Derivative liabilities - (622) - (622) $ 5,805 $ 849,600 $ 10,866 $ 866,271 Non-recurring fair value measurements: Impaired commercial loans $ - $ - $ 69,639 $ 69,639 Foreclosed real estate - - 37,868 37,868 Other repossessed assets - - 4,146 4,146 $ - $ - $ 111,653 $ 111,653 December 31, 2017 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ - $ 645,797 $ - $ 645,797 Trading securities - 191 - 191 Money market investments 7,021 - - 7,021 Derivative assets - 771 - 771 Servicing assets - - 9,821 9,821 Derivative liabilities - (1,281) - (1,281) $ 7,021 $ 645,478 $ 9,821 $ 662,320 Non-recurring fair value measurements: Impaired commercial loans $ - $ - $ 72,285 $ 72,285 Foreclosed real estate - - 44,174 44,174 Other repossessed assets - - 3,548 3,548 $ - $ - $ 120,007 $ 120,007 The table below presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and nine -month periods ended September 30 , 2018 and 2017 : Servicing assets Quarter Ended September 30, Level 3 Instruments Only 2018 2017 (In thousands) Balance at beginning of period $ 10,829 $ 9,866 New instruments acquired 417 429 Principal repayments (184) (152) Changes in fair value of servicing assets (196) (325) Balance at end of period $ 10,866 $ 9,818 Servicing assets Nine-Month Period Ended September 30, Level 3 Instruments Only 2018 2017 (In thousands) Balance at beginning of period $ 9,821 $ 9,858 New instruments acquired 1,158 1,503 Principal repayments (593) (478) Changes in fair value of servicing assets 480 (1,065) Balance at end of period $ 10,866 $ 9,818 During the quarters and nine -month periods ended September 30 , 2018 and 2017 , there were purchases and sales of assets and liabilities measured at fair value on a recurring basis. There were no transfers into and out of Level 1 and Level 2 fair value measurements during such periods. The table below presents quantitative information for all assets and liabilities measured at fair value on a recurring and non-recurring basis using significant unobservable inputs (Level 3) at September 30 , 2018 : September 30, 2018 Fair Value Valuation Technique Unobservable Input Range (In thousands) Servicing assets $ 10,866 Cash flow valuation Constant prepayment rate 4.45% -8.33% Discount rate 10.00% - 12.00% Collateral dependent impaired loans $ 30,522 Fair value of property or collateral Appraised value less disposition costs 17.20% - 31.20% Other non-collateral dependent impaired loans $ 39,117 Cash flow valuation Discount rate 4.25% - 11.00% Foreclosed real estate $ 37,868 Fair value of property or collateral Appraised value less disposition costs 17.20% - 31.20% Other repossessed assets $ 4,146 Fair value of property or collateral Estimated net realizable value less disposition costs 36.00% - 64.00% Information about Sensitivity to Changes in Significant Unobservable Inputs Servicing assets – The significant unobservable inputs used in the fair value measurement of Oriental ’s servicing assets are constant prepayment rates and discount rates. Changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or offset the sensitivities. Mortgage banking activities, a component of total banking and financial service revenue in the consolidated statements of operations, include the changes from period to period in the fair value of the mortgage loan servicing rights, which may result from changes in the valuation model inputs or assumptions (principally reflec ting changes in discount rates and prepayment speed assumptions) and other changes, including changes due to collection/realization of expected cash flows. Fair Value of Financial Instruments The information about the estimated fair value of financial instruments required by GAAP is presented hereunder. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of Oriental . The estimated fair value is subjective in nature, involves uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could affect these fair value estimat es. The fair value estimates do not take into consideration the value of future business and the value of assets and liabilities that are not financial instruments. Other significant tangible and intangible assets that are not considered financial instrume nts are the value of long-term customer relations hips of retail deposits, and premises and equipment . The estimated fair value and carrying value of Oriental ’s financial instruments at September 30 , 2018 and December 31 , 2017 is as follows: September 30, December 31, 2018 2017 Fair Carrying Fair Carrying Value Value Value Value (In thousands) Level 1 Financial Assets: Cash and cash equivalents $ 543,750 $ 543,750 $ 485,203 $ 485,203 Restricted cash $ 3,030 $ 3,030 $ 3,030 $ 3,030 Level 2 Financial Assets: Trading securities $ 405 $ 405 $ 191 $ 191 Investment securities available-for-sale $ 848,552 $ 848,552 $ 645,797 $ 645,797 Investment securities held-to-maturity $ 425,066 $ 444,679 $ 497,681 $ 506,064 Federal Home Loan Bank (FHLB) stock $ 12,461 $ 12,461 $ 13,995 $ 13,995 Other investments $ 3 $ 3 $ 3 $ 3 Derivative assets $ 1,265 $ 1,265 $ 771 $ 771 Financial Liabilities: Derivative liabilities $ 622 $ 622 $ 1,281 $ 1,281 Level 3 Financial Assets: Total loans (including loans held-for-sale) $ 4,016,912 $ 4,352,980 $ 3,842,907 $ 4,056,329 Accrued interest receivable $ 33,452 $ 33,452 $ 49,969 $ 49,969 Servicing assets $ 10,866 $ 10,866 $ 9,821 $ 9,821 Accounts receivable and other assets $ 37,951 $ 37,951 $ 41,898 $ 41,898 Financial Liabilities: Deposits $ 5,057,209 $ 5,088,993 $ 4,782,197 $ 4,799,482 Securities sold under agreements to repurchase $ 375,345 $ 378,237 $ 191,104 $ 192,869 Advances from FHLB $ 74,331 $ 73,531 $ 99,509 $ 99,643 Other borrowings $ 192 $ 192 $ 153 $ 153 Subordinated capital notes $ 33,369 $ 36,083 $ 33,080 $ 36,083 Accrued expenses and other liabilities $ 80,448 $ 80,448 $ 86,791 $ 86,791 The following methods and assumptions were used to estimate the fair values of significant financial instruments at September 30 , 2018 and December 31 , 2017 : • Cash and cash equivalents (including money market investments and time deposits with other banks), restricted cash, accrued interest receivable, accounts receivable and other assets and accrued expenses and other liabilities have been valued at the carrying amounts reflected in the consolidated statements of financial condition as these are reasonable e stimates of fair value given the short-term nature of the instruments . • Investments in FHLB-NY stock are valued at their redemption value. • The fair value of investment securities, including trading securities and other investments, is based on quoted market prices, when available or prices provided from contracted pricing providers, or market prices provided by recognized broker-dealers. If listed prices or quotes are not available, fair value is based upon externally developed models that use b oth observable and unobservable inputs depending on the market activity of the instrument . • The fair value of servicing asset is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected loan prepayment ra tes, discount rates, servicing costs, and other economic factors, which are determined based on current market conditions . • The fair values of the derivative instruments are provided by valuation experts and counterparties. Certain derivatives with li mited market activity are valued using externally developed models that consider unobservable market parameters. • Fair value of derivative liabilities, which include interest rate swaps and forward-settlement swaps, are based on the net discounted va lue of the contractual projected cash flows of both the pay-fixed receive-variable legs of the contracts. The projected cash flows are based on the forward yield curve, and discounted using current estimated market rates . • The fair value of the loan portfolio (including loans held-for-sale and non-performing loans) is based on the exit market price , which is estimated by segregating by type, such as mortgage, commercial, consumer, auto and leasing. Each loan segment is further segmented into fixed and adjustable interest rates. The fair value is calculated by discounting contractual cash flows, adjusted for prepayment estimates (voluntary and involuntary), if any, using estimated current market discount rates that reflect the credit and interest rate r isk inherent in the loan. • The fair value of demand deposits and savings accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is based on the discounted value of the contractual cash flows, using estimated current market discount rates for deposits of similar remaining maturities . • The fair value of long-term borrowings, which include securities sold under agreements to repurchase, advances from FHLB, and subordinated capital notes is based on the discounted value of the contractual cash flows using current estimated market discount rates for borrowings with similar terms, remaining maturities and put date s . |
Banking and Finanial Service Re
Banking and Finanial Service Revenues | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Banking and Financial Service Revenues | NOTE 22 – BANKING AND FINANCIAL SERVICE REVENUES The following table presents the major categories of banking and financial service revenues for the quarters and nine -month periods ended September 30 , 2018 and 2017 : Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Banking service revenues: Checking accounts fees $ 1,502 $ 1,767 $ 4,386 $ 5,470 Savings accounts fees 161 152 473 470 Electronic banking fees 8,104 6,851 23,960 22,211 Credit life commissions 142 127 401 430 Branch service commissions 365 82 1,089 333 Servicing and other loan fees 334 771 1,554 1,560 International fees 185 170 534 519 Miscellaneous income 4 3 7 14 Total banking service revenues 10,797 9,923 32,404 31,007 Wealth management revenue: Insurance income 1,654 1,278 4,298 4,378 Broker fees 1,941 1,675 5,387 5,345 Trust fees 2,541 2,840 8,138 8,187 Retirement plan and administration fees 271 223 856 808 Investment banking fees - - 9 29 Total wealth management revenue 6,407 6,016 18,688 18,747 Mortgage banking activities: Net servicing fees 1,059 925 4,130 2,931 Net gains on sale of mortgage loans and valuation 103 275 182 760 Other 80 74 (325) (871) Total mortgage banking activities 1,242 1,274 3,987 2,820 Total banking and financial service revenues $ 18,446 $ 17,213 $ 55,079 $ 52,574 |
Business Segment
Business Segment | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Segment Reporting | NOTE 2 3 – BUSINESS SEGMENTS Oriental segregates its businesses into the following major reportable segments of business: Banking, Wealth Management, and Treasury. Management established the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. Other factors such as Oriental ’s organization, nature of its products, distribution channels and economic characteristics of the products were also considered in the determination of the repor table segments. Oriental measures the performance of these reportable segments based on pre-established goals of different financial parameters such as net income, net interest income, loan production, and fees generated. Oriental ’s methodology for allocat ing non-interest expenses among segments is based on several factors such as revenue, employee headcount, occupied space, dedicated services or time, among others. These factors are reviewed on a periodical basis and may change if the conditions warrant. Banking includes the Bank’s branches and traditional banking products such as deposits and commercial, consumer and mortgage loans. Mortgage banking activities are carried out by the Bank’s mortgage banking division, whose principal activity is to origin ate mortgage loans for Oriental ’s own portfolio. As part of its mortgage banking activities, Oriental may sell loans directly into the secondary market or securitize conforming loans into mortgage-backed securities. Wealth Management is comprised of the B ank’s trust division, Oriental Financial Services, Oriental Insurance, and OPC. The core operations of this segment are financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trus t and retirement services, as well as retirement plan administration services. The Treasury segment encompasses all of Oriental ’s asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, d erivatives, and borrowings. Intersegment sales and transfers, if any, are accounted for as if the sales or transfers were to third parties, that is, at current market prices. Following are the results of operations and the selected financial information by operating segment for the quarters and nine- month periods ended September 30 , 2018 and 2017 : Quarter Ended September 30, 2018 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 83,664 $ 9 $ 10,464 $ 94,137 $ - $ 94,137 Interest expense (7,701) - (4,159) (11,860) - (11,860) Net interest income 75,963 9 6,305 82,277 - 82,277 Provision for loan and lease losses (14,478) - (123) (14,601) - (14,601) Non-interest income 12,157 6,463 - 18,620 - 18,620 Non-interest expenses (46,049) (3,720) (1,172) (50,941) - (50,941) Intersegment revenue 616 - - 616 (616) - Intersegment expenses - (273) (343) (616) 616 - Income before income taxes $ 28,209 $ 2,479 $ 4,667 $ 35,355 $ - $ 35,355 Income tax expense 11,001 967 287 12,255 - 12,255 Net income $ 17,208 $ 1,512 $ 4,380 $ 23,100 $ - $ 23,100 Total assets $ 6,156,500 $ 25,243 $ 1,459,682 $ 7,641,425 $ (984,751) $ 6,656,674 Quarter Ended September 30, 2017 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 82,162 $ 13 $ 8,180 $ 90,355 $ - $ 90,355 Interest expense (6,342) - (3,535) (9,877) - (9,877) Net interest income 75,820 13 4,645 80,478 - 80,478 Provision for loan and lease losses (44,042) - - (44,042) - (44,042) Non-interest income 10,384 6,695 833 17,912 - 17,912 Non-interest expenses (43,819) (5,048) (1,602) (50,469) - (50,469) Intersegment revenue 431 - - 431 (431) - Intersegment expenses - (324) (107) (431) 431 - Income before income taxes $ (1,226) $ 1,336 $ 3,769 $ 3,879 $ - $ 3,879 Income tax expense (benefit) (475) 521 514 560 - 560 Net income $ (751) $ 815 $ 3,255 $ 3,319 $ - $ 3,319 Total assets $ 5,605,922 $ 23,148 $ 1,620,919 $ 7,249,989 $ (961,772) $ 6,288,217 Nine-Month Period Ended September 30, 2018 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 236,171 $ 35 $ 29,107 $ 265,313 $ - $ 265,313 Interest expense (21,123) - (10,331) (31,454) - (31,454) Net interest income 215,048 35 18,776 233,859 - 233,859 Provision for loan and lease losses, net (44,677) - (131) (44,808) - (44,808) Non-interest income 36,590 19,219 28 55,837 - 55,837 Non-interest expenses (140,239) (12,288) (2,835) (155,362) - (155,362) Intersegment revenue 1,519 - - 1,519 (1,519) - Intersegment expenses - (660) (859) (1,519) 1,519 - Income before income taxes $ 68,241 $ 6,306 $ 14,979 $ 89,526 $ - $ 89,526 Income tax expense 26,614 2,459 787 29,860 - 29,860 Net income $ 41,627 $ 3,847 $ 14,192 $ 59,666 $ - $ 59,666 Total assets $ 6,156,500 $ 25,243 $ 1,459,682 $ 7,641,425 $ (984,751) $ 6,656,674 Nine-Month Period Ended September 30, 2017 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 236,754 $ 43 $ 25,676 $ 262,473 $ - $ 262,473 Interest expense (19,976) - (11,838) (31,814) - (31,814) Net interest income 216,778 43 13,838 230,659 - 230,659 Provision for loan and lease losses, net (88,210) - (22) (88,232) - (88,232) Non-interest income 35,387 18,952 7,533 61,872 - 61,872 Non-interest expenses (137,275) (13,368) (4,326) (154,969) - (154,969) Intersegment revenue 1,243 - 140 1,383 (1,383) - Intersegment expenses (140) (889) (354) (1,383) 1,383 - Income before income taxes $ 27,783 $ 4,738 $ 16,809 $ 49,330 $ - $ 49,330 Income tax expense 10,836 1,848 1,073 13,757 - 13,757 Net income $ 16,947 $ 2,890 $ 15,736 $ 35,573 $ - $ 35,573 Total assets $ 5,605,922 $ 23,148 $ 1,620,919 $ 7,249,989 $ (961,772) $ 6,288,217 |
Subsequent Event
Subsequent Event | 12 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events Text Block | NOTE 24 – SUBSEQUEN T EVENTS During the third quarter of 2018, Oriental announced the mandatory conversion of its Series C preferred stock into c ommon s tock, effective on October 22, 2018. E a ch share of Series C p referred s tock w as converted into 86.4225 shares of c ommon s tock. There we re 84,000 shares of Series C p referred s tock outstanding, all of which w ere conv erted to c ommon s tock on October 22, 2018 . Upon conversion, the Series C p referred s tock is no longer outstanding and all rights with re spect to the Series C p referred s tock have cease d and terminate d , except the right to receive the number of whole shares of c ommon s tock issuable upon conversion of the Series C p referred s tock and any required cash-in-lieu of fractional shares . |
Accounting Policies (Policies)
Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Nature of Operations OFG Bancorp (“Oriental”) is a publicly-owned financial holding company incorporated under the laws of the Commonwealth of Puerto Rico. Oriental operates through various subsidiaries including, a commercial bank, Oriental Bank (the “Bank”), a securities broker-dealer, Oriental Financial Services Corp. (“Oriental Financial Services”), an insurance agency, Oriental Insurance LLC. (“Oriental Insurance”), a retirement plan administrator, Oriental Pension Consultants, Inc. (“OPC”), and two operating subsidiaries of the Bank, OFG USA LLC ("OFG USA") and Oriental International Bank Inc. (“OIB”). Through these subsidiaries and their respective divisions, Oriental provides a wide range of banking and financial services such as commercial, consumer and mortgage lending, auto loans, financial planning, insurance sales, money management and investment banking and brokerage services, as well as corporate and individual trust services. On April 30, 2010, the Bank acquired certain assets and assumed certain deposits and other liabilities of Eurobank, a Puerto Rico commercial bank, in an FDIC-assisted acquisition. On February 6, 2017, the Bank and the FDIC agreed to terminate the shared- loss agreements related to the Eurobank Acquisition. On December 18, 2012, Oriental acquired a group of Puerto Rico-based entities that included Banco Bilbao Vizcaya Argentaria Puerto Rico (“BBVAPR”), a Puerto Rico commercial bank, as well as a securities broker-dealer and an insurance agency, which is referred to herein as the “BBVAPR Acquisition.” These acquired businesses have been integrated with Oriental’s existing business. |
Restricted Cash (Tables)
Restricted Cash (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Restricted Cash And Investments Abstract | |
Restricted Cash Components and Its Secured Investments | September 30, December 31, 2018 2017 (In thousands) Cash pledged as collateral to other financial institutions to secure: Derivatives $ 1,980 $ 1,980 Obligations under agreement of loans sold with recourse 1,050 1,050 $ 3,030 $ 3,030 |
Investments Securities (Tables)
Investments Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments [Abstract] | |
Investment Table Text Block | September 30, 2018 Gross Gross Weighted Amortized Unrealized Unrealized Fair Average Cost Gains Losses Value Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 586,097 $ 20 $ 15,799 $ 570,318 2.59% GNMA certificates 202,585 300 5,431 197,454 3.06% CMOs issued by US government-sponsored agencies 69,960 - 3,194 66,766 1.90% Total mortgage-backed securities 858,642 320 24,424 834,538 2.64% Investment securities US Treasury securities 10,617 - 157 10,460 1.32% Obligations of US government-sponsored agencies 2,484 - 89 2,395 1.38% Other debt securities 1,152 7 - 1,159 2.99% Total investment securities 14,253 7 246 14,014 1.46% Total securities available for sale $ 872,895 $ 327 $ 24,670 $ 848,552 2.62% Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates $ 444,679 $ - $ 19,613 $ 425,066 2.07% December 31, 2017 Gross Gross Weighted Amortized Unrealized Unrealized Fair Average Cost Gains Losses Value Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 383,194 $ 1,402 $ 2,881 $ 381,715 2.39% GNMA certificates 166,436 1,486 584 167,338 2.94% CMOs issued by US government-sponsored agencies 82,026 - 1,955 80,071 1.90% Total mortgage-backed securities 631,656 2,888 5,420 629,124 2.47% Investment securities US Treasury securities 10,276 - 113 10,163 1.25% Obligations of US government-sponsored agencies 2,927 - 48 2,879 1.38% Obligations of Puerto Rico government and public instrumentalities 2,455 - 362 2,093 5.55% Other debt securities 1,486 52 - 1,538 2.97% Total investment securities 17,144 52 523 16,673 2.04% Total securities available-for-sale $ 648,800 $ 2,940 $ 5,943 $ 645,797 2.46% Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates $ 506,064 $ - $ 8,383 $ 497,681 2.07% September 30, 2018 Available-for-sale Held-to-maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Mortgage-backed securities Due from 1 to 5 years FNMA and FHLMC certificates $ 4,241 $ 4,142 $ - $ - Total due from 1 to 5 years 4,241 4,142 - - Due after 5 to 10 years CMOs issued by US government-sponsored agencies $ 61,590 $ 58,617 $ - $ - FNMA and FHLMC certificates 235,031 228,438 - - Total due after 5 to 10 years 296,621 287,055 - - Due after 10 years FNMA and FHLMC certificates $ 346,825 $ 337,738 $ 444,679 $ 425,066 GNMA certificates 202,585 197,454 - - CMOs issued by US government-sponsored agencies 8,370 8,149 - - Total due after 10 years 557,780 543,341 444,679 425,066 Total mortgage-backed securities 858,642 834,538 444,679 425,066 Investment securities Due less than one year US Treasury securities $ 646 $ 645 $ - $ - Total due in less than one year 646 645 - - Due from 1 to 5 years US Treasury securities $ 9,971 $ 9,815 $ - $ - Obligations of US government and sponsored agencies 2,484 2,395 - - Total due from 1 to 5 years 12,455 12,210 - - Due from 5 to 10 years Other debt securities 1,152 1,159 - - Total due after 5 to 10 years 1,152 1,159 - - Total investment securities 14,253 14,014 - - Total $ 872,895 $ 848,552 $ 444,679 $ 425,066 |
Realized Gain Loss On Investments Table Text Block | Nine-Month Period Ended September 30, 2018 Book Value Description Sale Price at Sale Gross Gains Gross Losses (In thousands) Sale of securities available-for-sale Mortgage-backed securities GNMA certificates $ 14,746 $ 14,746 $ - $ - Total $ 14,746 $ 14,746 $ - $ - Nine-Month Period Ended September 30, 2017 Book Value Description Sale Price at Sale Gross Gains Gross Losses (In thousands) Sale of securities available-for-sale Mortgage-backed securities FNMA and FHLMC certificates $ 107,510 $ 102,311 $ 5,199 $ - GNMA certificates 65,284 63,704 1,580 - Investment securities US Treasury securities 84,202 84,085 117 - Total mortgage-backed securities $ 256,996 $ 250,100 $ 6,896 $ - |
Unrealized Gain Loss On Investments Table Text Block | September 30, 2018 12 months or more Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 68,960 $ 3,174 $ 65,786 FNMA and FHLMC certificates 160,420 7,451 152,969 Obligations of US Government and sponsored agencies 2,484 89 2,395 GNMA certificates 28,296 1,606 26,690 US Treasury Securities 9,971 157 9,814 $ 270,131 $ 12,477 $ 257,654 Securities held to maturity FNMA and FHLMC certificates $ 381,941 $ 17,619 $ 364,322 Less than 12 months Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US government-sponsored agencies $ 1,000 $ 20 $ 980 FNMA and FHLMC certificates 425,094 8,348 416,746 GNMA certificates 145,438 3,825 141,613 US Treasury Securities 646 - 646 $ 572,178 $ 12,193 $ 559,985 Securities held-to-maturity FNMA and FHLMC Certificates $ 62,738 $ 1,994 $ 60,744 Total Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US government-sponsored agencies $ 69,960 $ 3,194 $ 66,766 FNMA and FHLMC certificates 585,514 15,799 569,715 Obligations of US government and sponsored agencies 2,484 89 2,395 GNMA certificates 173,734 5,431 168,303 US Treausury Securities 10,617 157 10,460 $ 842,309 $ 24,670 $ 817,639 Securities held-to-maturity FNMA and FHLMC certificates $ 444,679 $ 19,613 $ 425,066 December 31, 2017 12 months or more Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 72,562 $ 1,857 $ 70,705 FNMA and FHLMC certificates 111,635 2,122 109,513 Obligations of US Government and sponsored agencies 2,927 48 2,879 Obligations of Puerto Rico government and public instrumentalities 2,455 362 2,093 GNMA certificates 20,803 499 20,304 US Treasury Securities 9,952 113 9,839 $ 220,334 $ 5,001 $ 215,333 Securities available-for-sale FNMA and FHLMC certificates $ 352,399 7,264 345,135 Less than 12 months Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies 9,464 98 9,366 FNMA and FHLMC certificates 125,107 759 124,348 GNMA certificates 14,001 85 13,916 US Treasury Securities 324 - 324 $ 148,896 $ 942 $ 147,954 Securities held to maturity FNMA and FHLMC certificates $ 153,665 $ 1,119 $ 152,546 Total Amortized Unrealized Fair Cost Loss Value (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies 82,026 1,955 80,071 FNMA and FHLMC certificates 236,742 2,881 233,861 Obligations of Puerto Rico government and public instrumentalities 2,455 362 2,093 Obligations of US government and sponsored agencies 2,927 48 2,879 GNMA certificates 34,804 584 34,220 US Treausury Securities 10,276 113 10,163 $ 369,230 $ 5,943 $ 363,287 Securities held to maturity FNMA and FHLMC certificates $ 506,064 $ 8,383 $ 497,681 |
Loans Receivable (Tables)
Loans Receivable (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Loans And Leases Receivable Net Reported Amount Covered And Not Covered [Abstract] | |
Schedule Of Accounts Notes Loans And Financing Receivable Text Block | September 30, December 31, 2018 2017 (In thousands) Originated and other loans and leases held for investment: Mortgage $ 667,224 $ 683,607 Commercial 1,540,027 1,307,261 Consumer 345,399 330,039 Auto and leasing 1,084,912 883,985 3,637,562 3,204,892 Allowance for loan and lease losses on originated and other loans and leases (95,236) (92,718) 3,542,326 3,112,174 Deferred loan costs, net 7,556 6,695 Total originated and other loans held for investment, net 3,549,882 3,118,869 Acquired loans: Acquired BBVAPR loans: Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Commercial 2,778 4,380 Consumer 24,914 28,915 Auto 7,494 21,969 35,186 55,264 Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-20 (2,350) (3,862) 32,836 51,402 Accounted for under ASC 310-30 (Loans acquired with deteriorated credit quality, including those by analogy) Mortgage 503,861 532,053 Commercial 190,178 243,092 Consumer 95 1,431 Auto 20,363 43,696 714,497 820,272 Allowance for loan and lease losses on acquired BBVAPR loans accounted for under ASC 310-30 (43,875) (45,755) 670,622 774,517 Total acquired BBVAPR loans, net 703,458 825,919 Acquired Eurobank loans: Loans secured by 1-4 family residential properties 64,785 69,538 Commercial 49,262 53,793 Consumer 895 1,112 Total acquired Eurobank loans 114,942 124,443 Allowance for loan and lease losses on Eurobank loans (24,281) (25,174) Total acquired Eurobank loans, net 90,661 99,269 Total acquired loans, net 794,119 925,188 Total held for investment, net 4,344,001 4,044,057 Mortgage loans held-for-sale 8,979 12,272 Total loans, net $ 4,352,980 $ 4,056,329 |
Past Due Financing Receivables [Table Text Block] | September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Mortgage Traditional (by origination year): Up to the year 2002 $ 276 $ 890 $ 3,272 $ 4,438 $ 38,120 $ 42,558 $ 240 Years 2003 and 2004 237 1,740 6,587 8,564 69,146 77,710 - Year 2005 92 858 3,515 4,465 36,710 41,175 - Year 2006 348 1,484 4,747 6,579 51,392 57,971 - Years 2007, 2008 and 2009 178 1,195 7,774 9,147 54,223 63,370 56 Years 2010, 2011, 2012, 2013 258 1,238 7,946 9,442 106,819 116,261 180 Years 2014, 2015, 2016, 2017 and 2018 - 593 1,303 1,896 130,610 132,506 - 1,389 7,998 35,144 44,531 487,020 531,551 476 Non-traditional - 117 2,740 2,857 11,842 14,699 - Loss mitigation program 10,346 5,435 20,797 36,578 70,819 107,397 2,631 11,735 13,550 58,681 83,966 569,681 653,647 3,107 Home equity secured personal loans - - - - 252 252 - GNMA's buy-back option program - - 13,325 13,325 - 13,325 - 11,735 13,550 72,006 97,291 569,933 667,224 3,107 Commercial Commercial secured by real estate: Corporate - - - - 306,372 306,372 - Institutional - - - - 72,372 72,372 - Middle market 839 - 5,481 6,320 175,822 182,142 - Retail 1,242 309 9,245 10,796 210,101 220,897 - Floor plan - - - - 3,579 3,579 - Real estate - - - - 19,347 19,347 - 2,081 309 14,726 17,116 787,593 804,709 - Other commercial and industrial: Corporate - - - - 163,766 163,766 - Institutional - - - - 143,886 143,886 - Middle market - 3,480 2,751 6,231 91,484 97,715 - Retail 720 131 792 1,643 287,755 289,398 - Floor plan 150 - 51 201 40,352 40,553 - 870 3,611 3,594 8,075 727,243 735,318 - 2,951 3,920 18,320 25,191 1,514,836 1,540,027 - September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Consumer Credit cards $ 580 $ 200 $ 602 $ 1,382 $ 26,342 $ 27,724 $ - Overdrafts 27 - - 27 129 156 - Personal lines of credit 44 3 70 117 1,819 1,936 - Personal loans 3,864 1,731 1,197 6,792 292,738 299,530 - Cash collateral personal loans 146 66 - 212 15,841 16,053 - 4,661 2,000 1,869 8,530 336,869 345,399 - Auto and leasing 54,888 26,940 12,148 93,976 990,936 1,084,912 - Total $ 74,235 $ 46,410 $ 104,343 $ 224,988 $ 3,412,574 $ 3,637,562 $ 3,107 December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Mortgage Traditional (by origination year): Up to the year 2002 $ 86 $ 938 $ 3,537 $ 4,561 $ 41,579 $ 46,140 $ 467 Years 2003 and 2004 92 1,077 6,304 7,473 75,758 83,231 - Year 2005 101 383 3,348 3,832 40,669 44,501 68 Year 2006 242 604 5,971 6,817 55,966 62,783 66 Years 2007, 2008 and 2009 358 1,258 8,561 10,177 58,505 68,682 577 Years 2010, 2011, 2012, 2013 233 978 7,393 8,604 116,674 125,278 1,202 Years 2014, 2015, 2016 and 2017 - 75 1,649 1,724 121,194 122,918 - 1,112 5,313 36,763 43,188 510,345 553,533 2,380 Non-traditional - 326 3,543 3,869 14,401 18,270 - Loss mitigation program 7,233 3,331 18,923 29,487 73,793 103,280 4,981 8,345 8,970 59,229 76,544 598,539 675,083 7,361 Home equity secured personal loans - - - - 256 256 - GNMA's buy-back option program - - 8,268 8,268 - 8,268 - 8,345 8,970 67,497 84,812 598,795 683,607 7,361 Commercial Commercial secured by real estate: Corporate - - - - 235,426 235,426 - Institutional - - 118 118 44,648 44,766 - Middle market 765 - 3,527 4,292 225,649 229,941 - Retail 352 936 9,695 10,983 235,084 246,067 - Floor plan - - - - 3,998 3,998 - Real estate - - - - 17,556 17,556 - 1,117 936 13,340 15,393 762,361 777,754 - Other commercial and industrial: Corporate - - - - 170,015 170,015 - Institutional - - - - 125,591 125,591 - Middle market - - 881 881 84,482 85,363 - Retail 455 103 1,616 2,174 111,078 113,252 - Floor plan 9 - 51 60 35,226 35,286 - 464 103 2,548 3,115 526,392 529,507 - 1,581 1,039 15,888 18,508 1,288,753 1,307,261 - December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Consumer Credit cards $ 246 $ 130 $ 1,227 $ 1,603 $ 26,827 $ 28,430 $ - Overdrafts 20 6 31 57 157 214 - Personal lines of credit 259 54 87 400 1,820 2,220 - Personal loans 3,778 1,494 223 5,495 278,982 284,477 - Cash collateral personal loans 103 59 312 474 14,224 14,698 - 4,406 1,743 1,880 8,029 322,010 330,039 - Auto and leasing 21,760 10,399 4,232 36,391 847,594 883,985 - Total $ 36,092 $ 22,151 $ 89,497 $ 147,740 $ 3,057,152 $ 3,204,892 $ 7,361 September 30, 2018 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Commercial Commercial secured by real estate Retail $ - $ - $ 54 $ 54 $ - $ 54 $ - Floor plan - - 899 899 305 1,204 - - - 953 953 305 1,258 - Other commercial and industrial Retail 8 - 25 33 1,485 1,518 - Floor plan - - 2 2 - 2 - 8 - 27 35 1,485 1,520 - 8 - 980 988 1,790 2,778 - Consumer Credit cards 330 110 443 883 21,729 22,612 - Personal loans 23 7 58 88 2,214 2,302 - 353 117 501 971 23,943 24,914 - Auto 665 389 202 1,256 6,238 7,494 - Total $ 1,026 $ 506 $ 1,683 $ 3,215 $ 31,971 $ 35,186 $ - December 31, 2017 Loans 90+ Days Past Due and 30-59 Days 60-89 Days 90+ Days Total Past Still Past Due Past Due Past Due Due Current Total Loans Accruing (In thousands) Commercial Commercial secured by real estate Retail $ - $ - $ 119 $ 119 $ - $ 119 $ - Floor plan - - 928 928 393 1,321 - - - 1,047 1,047 393 1,440 - Other commercial and industrial Retail 36 - 221 257 2,681 2,938 - Floor plan - - 2 2 - 2 - 36 - 223 259 2,681 2,940 - 36 - 1,270 1,306 3,074 4,380 - Consumer Credit cards 208 127 1,310 1,645 24,822 26,467 - Personal loans 139 61 45 245 2,203 2,448 - 347 188 1,355 1,890 27,025 28,915 - Auto 602 248 179 1,029 20,940 21,969 - Total $ 985 $ 436 $ 2,804 $ 4,225 $ 51,039 $ 55,264 $ - |
Carrying Amounts Of Acquired Loans Tabular Disclosure [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Contractual required payments receivable: $ 1,340,064 $ 1,481,616 Less: Non-accretable discount 347,173 352,431 Cash expected to be collected 992,891 1,129,185 Less: Accretable yield 278,394 308,913 Carrying amount, gross 714,497 820,272 Less: allowance for loan and lease losses 43,875 45,755 Carrying amount, net $ 670,622 $ 774,517 |
Accretable Yield for Acquired Loans [Table Text Block] | Quarter Ended September 30, 2018 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 243,903 $ 42,521 $ 1,071 $ 497 $ 287,992 Accretion (6,722) (3,977) (466) (88) (11,253) Change in expected cash flows - 1,334 3 25 1,362 Transfer from (to) non-accretable discount 1,456 (1,140) 3 (26) 293 Balance at end of period $ 238,637 $ 38,738 $ 611 $ 408 $ 278,394 Non-Accretable Discount Activity: Balance at beginning of period $ 296,137 $ 11,143 $ 23,645 $ 19,332 $ 350,257 Change in actual and expected losses (1,860) (1,125) 181 13 (2,791) Transfer from accretable yield (1,456) 1,140 (3) 26 (293) Balance at end of period $ 292,821 $ 11,158 $ 23,823 $ 19,371 $ 347,173 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 258,498 $ 46,764 $ 2,766 $ 885 $ 308,913 Accretion (20,710) (11,259) (1,991) (538) (34,498) Change in expected cash flows - 7,265 829 156 8,250 Transfer (to) non-accretable discount 849 (4,032) (993) (95) (4,271) Balance at end of period $ 238,637 $ 38,738 $ 611 $ 408 $ 278,394 Non-Accretable Discount Activity: Balance at beginning of period $ 299,501 $ 10,596 $ 23,050 $ 19,284 $ 352,431 Change in actual and expected losses (5,831) (3,470) (220) (8) (9,529) Transfer from accretable yield (849) 4,032 993 95 4,271 Balance at end of period $ 292,821 $ 11,158 $ 23,823 $ 19,371 $ 347,173 Quarter Ended September 30, 2017 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 270,148 $ 56,038 $ 4,853 $ 1,486 $ 332,525 Accretion (7,434) (7,114) (1,350) (384) (16,282) Change in actual and expected losses - 3,716 13 37 3,766 Transfer (to) from non-accretable discount (6,158) (2,950) (8) 26 (9,090) Balance at end of period $ 256,556 $ 49,690 $ 3,508 $ 1,165 $ 310,919 Non-Accretable Discount Activity: Balance at beginning of period $ 306,504 $ 16,867 $ 23,960 $ 19,431 $ 366,762 Change in actual and expected losses (2,310) (8,679) (191) (124) (11,304) Transfer from (to) accretable yield 6,158 2,950 8 (26) 9,090 Balance at end of period $ 310,352 $ 11,138 $ 23,777 $ 19,281 $ 364,548 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Auto Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 292,115 $ 50,366 $ 8,538 $ 3,682 $ 354,701 Accretion (23,018) (16,608) (5,273) (1,542) (46,441) Change in actual and expected losses 2 19,907 163 123 20,195 Transfer (to) from non-accretable discount (12,543) (3,975) 80 (1,098) (17,536) Balance at end of period $ 256,556 $ 49,690 $ 3,508 $ 1,165 $ 310,919 Non-Accretable Discount Activity: Balance at beginning of period $ 305,615 $ 16,965 $ 22,407 $ 18,120 $ 363,107 Change in actual and expected losses (7,806) (9,802) 1,450 63 (16,095) Transfer from (to) accretable yield 12,543 3,975 (80) 1,098 17,536 Balance at end of period $ 310,352 $ 11,138 $ 23,777 $ 19,281 $ 364,548 |
Eurobank loans carrying amount [Table Text Block] | September 30 December 31 2018 2017 (In thousands) Contractual required payments receivable: $ 162,204 $ 179,960 Less: Non-accretable discount 4,187 5,845 Cash expected to be collected 158,017 174,115 Less: Accretable yield 43,075 49,672 Carrying amount, gross 114,942 124,443 Less: Allowance for loan and lease losses 24,281 25,174 Carrying amount, net $ 90,661 $ 99,269 |
Accretable Yield for Acquired Eurobank Loans [Table Text Block] | Quarter Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 39,269 4,585 1,224 - - 45,078 Accretion (1,440) (1,883) - (7) (155) (3,485) Change in expected cash flows 6 2,063 - (143) 283 2,209 Transfer (to) from non-accretable discount 188 (412) (525) 150 (128) (727) Balance at end of period $ 38,023 $ 4,353 $ 699 $ - $ - $ 43,075 Non-Accretable Discount Activity: Balance at beginning of period $ 2,638 - 981 - 200 3,819 Change in actual and expected losses 63 (412) - 150 (160) (359) Transfer from (to) accretable yield (188) 412 525 (150) 128 727 Balance at end of period $ 2,513 $ - $ 1,506 $ - $ 168 $ 4,187 Nine-Month Period Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of year $ 41,474 $ 6,751 $ 1,447 $ - $ - $ 49,672 Accretion (4,583) (5,195) - (45) (369) (10,192) Change in expected cash flows (974) 4,793 - (317) 697 4,199 Transfer from (to) non-accretable discount 2,106 (1,996) (748) 362 (328) (604) Balance at end of period $ 38,023 $ 4,353 $ 699 $ - $ - $ 43,075 Non-Accretable Discount Activity: Balance at beginning of year $ 4,576 $ 276 $ 758 $ - $ 235 $ 5,845 Change in actual and expected losses 43 (2,272) - 362 (395) (2,262) Transfer from (to) accretable yield (2,106) 1,996 748 (362) 328 604 Balance at end of period $ 2,513 $ - $ 1,506 $ - $ 168 $ 4,187 Quarter Ended September 30, 2017 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 43,012 $ 9,157 $ 1,906 - $ - $ 54,075 Accretion (1,736) (2,480) (39) (11) (73) (4,339) Change in actual and expected losses 18 106 39 (49) 346 460 Transfer from (to) non-accretable discount 1,094 1,448 (142) 60 (273) 2,187 Balance at end of period $ 42,388 $ 8,231 $ 1,764 $ - $ - $ 52,383 Non-Accretable Discount Activity: Balance at beginning of period $ 6,687 $ 2,010 $ 299 $ - $ 14 $ 9,010 Change in actual and expected losses 20 126 (39) 60 (55) 112 Transfer (to) from accretable yield (1,094) (1,448) 142 (60) 273 (2,187) Balance at end of period $ 5,613 $ 688 $ 402 $ - $ 232 $ 6,935 Nine-Month Period Ended September 30, 2017 Loans Secured by 1-4 Family Residential Properties Commercial Construction & Development Secured by 1-4 Family Residential Properties Leasing Consumer Total (In thousands) Accretable Yield Activity: Balance at beginning of period $ 45,839 $ 16,475 $ 2,194 $ - $ - $ 64,508 Accretion (5,564) (11,051) (82) (22) (268) (16,987) Change in expected cash flows 119 1,427 82 (214) 730 2,144 Transfer from (to) non-accretable discount 1,994 1,380 (430) 236 (462) 2,718 Balance at end of period $ 42,388 $ 8,231 $ 1,764 $ - $ - $ 52,383 Non-Accretable Discount Activity: Balance at beginning of period $ 8,441 $ 3,880 $ 11 $ - $ 8 $ 12,340 Change in actual and expected cash flows (834) (1,812) (39) 236 (238) (2,687) Transfer (to) from accretable yield (1,994) (1,380) 430 (236) 462 (2,718) Balance at end of period $ 5,613 $ 688 $ 402 $ - $ 232 $ 6,935 |
Financing Receivable Recorded Investment Nonaccrual Status By Class Of Loans [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Originated and other loans and leases held for investment Mortgage Traditional (by origination year): Up to the year 2002 $ 3,088 $ 3,070 Years 2003 and 2004 6,587 6,380 Year 2005 3,727 3,280 Year 2006 4,778 5,905 Years 2007, 2008 and 2009 7,717 7,984 Years 2010, 2011, 2012, 2013 7,766 6,259 Years 2014, 2015, 2016, 2017 and 2018 1,303 1,649 34,966 34,527 Non-traditional 2,740 3,543 Loss mitigation program 23,292 16,783 60,998 54,853 Commercial Commercial secured by real estate Institutional 10,155 118 Middle market 7,619 11,394 Retail 15,662 14,438 33,436 25,950 Other commercial and industrial Middle market 6,561 6,323 Retail 2,759 2,929 Floor plan 51 51 9,371 9,303 42,807 35,253 Consumer Credit cards 602 1,227 Overdrafts - 31 Personal lines of credit 80 102 Personal loans 2,434 900 Cash collateral personal loans - 312 3,116 2,572 Auto and leasing 12,185 4,232 Total non-accrual originated loans $ 119,106 $ 96,910 September 30, December 31, 2018 2017 (In thousands) Acquired BBVAPR loans accounted for under ASC 310-20 Commercial Commercial secured by real estate Retail $ 54 $ 119 Floor plan 899 928 953 1,047 Other commercial and industrial Retail 25 221 Floor plan 2 2 27 223 980 1,270 Consumer Credit cards 443 1,310 Personal loans 58 45 501 1,355 Auto 202 179 Total non-accrual acquired BBVAPR loans accounted for under ASC 310-20 1,683 2,804 Total non-accrual loans $ 120,789 $ 99,714 |
Impaired Financing Receivables [Table Text Block] | September 30, 2018 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance: Commercial $ 38,650 $ 33,379 $ 7,607 23% Residential impaired and troubled-debt restructuring 95,673 85,119 10,620 12% Impaired loans with no specific allowance: Commercial 41,393 35,513 N/A 0% Total investment in impaired loans $ 175,716 $ 154,011 $ 18,227 12% December 31, 2017 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance: Commercial $ 57,922 $ 52,585 $ 10,573 20% Residential impaired and troubled-debt restructuring 94,971 85,403 9,121 11% Impaired loans with no specific allowance Commercial 22,022 18,953 N/A 0% Total investment in impaired loans $ 174,915 $ 156,941 $ 19,694 13% September 30, 2018 Unpaid Recorded Related Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance Commercial $ 926 $ 747 $ 4 1% Impaired loans with no specific allowance Commercial $ - $ - N/A 0% Total investment in impaired loans $ 926 $ 747 $ 4 1% December 31, 2017 Unpaid Recorded Specific Principal Investment Allowance Coverage (In thousands) Impaired loans with specific allowance Commercial $ 926 $ 747 $ 20 3% Impaired loans with no specific allowance Commercial $ - $ - N/A 0% Total investment in impaired loans $ 926 $ 747 $ 20 3% September 30, 2018 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Mortgage $ 510,426 $ 503,860 $ 15,258 3% Commercial 197,516 189,164 22,256 12% Consumer 1,016 96 18 19% Auto 22,079 20,364 6,343 31% Total investment in impaired loan pools $ 731,037 $ 713,484 $ 43,875 6% December 31 , 2017 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Mortgage $ 547,064 $ 532,052 $ 14,085 3% Commercial 250,451 241,124 23,691 10% Consumer 2,468 1,431 18 1% Auto 43,440 43,696 7,961 18% Total investment in impaired loan pools $ 843,423 $ 818,303 $ 45,755 6% September 30, 2018 Coverage Unpaid Recorded to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance: Loans secured by 1-4 family residential properties $ 72,874 $ 64,785 $ 15,155 23% Commercial 50,430 49,262 9,122 19% Consumer 13 4 4 100% Total investment in impaired loan pools $ 123,317 $ 114,051 $ 24,281 21% December 31, 2017 Coverage Unpaid Recorded Specific to Recorded Principal Investment Allowance Investment (In thousands) Impaired loan pools with specific allowance Loans secured by 1-4 family residential properties $ 81,132 $ 69,538 $ 15,187 22% Commercial 58,099 53,793 9,983 19% Consumer 15 4 4 100% Total investment in impaired loan pools $ 139,246 $ 123,335 $ 25,174 20% |
Impaired Financing Receivables Loans, excluding ASC 310-30 [Table Text Block] | Quarter Ended September 30, 2018 2017 Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment (In thousands) Originated and other loans held for investment: Impaired loans with specific allowance Commercial $ 150 $ 35,765 $ 306 $ 24,178 Residential troubled-debt restructuring 695 84,787 576 86,694 Impaired loans with no specific allowance Commercial 271 31,315 675 36,133 1,116 151,867 1,557 147,005 Acquired loans accounted for under ASC 310-20: Impaired loans with specific allowance Commercial - 747 - 751 Impaired loans with no specific allowance Commercial - - - - Total interest income from impaired loans $ 1,116 $ 152,614 $ 1,557 $ 147,756 Nine-Month Period Ended September 30, 2018 2017 Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment (In thousands) Originated and other loans held for investment: Impaired loans with specific allowance Commercial $ 432 $ 44,691 $ 612 $ 17,298 Residential troubled-debt restructuring 2,028 84,671 1,685 87,951 Impaired loans with no specific allowance Commercial 812 23,736 1,350 41,519 Total interest income from impaired loans $ 3,272 $ 153,098 $ 3,647 $ 146,768 Acquired loans accounted for under ASC 310-20: Impaired loans with specific allowance Commercial $ - $ 747 $ - $ 810 Impaired loans with no specific allowance Total interest income from impaired loans $ 3,272 $ 153,845 $ 3,647 $ 147,578 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Quarter Ended September 30, 2018 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 21 $ 2,621 5.42% 373 $ 2,579 4.19% 344 Commercial 5 3,007 5.79% 71 3,002 5.10% 83 Consumer 52 758 15.06% 66 765 12.04% 73 Auto 2 40 10.28% 37 40 10.28% 37 Nine-Month Period Ended September 30, 2018 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 104 $ 14,087 5.61% 382 $ 13,597 4.82% 344 Commercial 13 10,341 5.50% 53 10,332 5.74% 60 Consumer 101 1,469 15.58% 59 1,477 11.51% 72 Auto 2 40 10.28% 37 40 10.28% 37 Quarter Ended September 30, 2017 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 15 $ 1,796 6.18% 401 $ 1,804 4.28% 409 Commercial 2 154 7.99% 53 154 8.45% 51 Consumer 30 383 11.52% 61 383 11.21% 68 Auto 2 23 6.42% 63 23 8.13% 31 Nine-Month Period Ended September 30, 2017 Number of contracts Pre-Modification Outstanding Recorded Investment Pre-Modification Weighted Average Rate Pre-Modification Weighted Average Term (in Months) Post-Modification Outstanding Recorded Investment Post-Modification Weighted Average Rate Post-Modification Weighted Average Term (in Months) (Dollars in thousands) Mortgage 74 $ 9,149 6.27% 390 $ 9,132 4.26% 384 Commercial 20 3,527 6.51% 55 3,528 5.55% 66 Consumer 93 1,262 11.87% 64 1,301 10.79% 70 Auto 9 134 7.24% 66 135 11.75% 37 Twelve-Month Period Ended September 30, 2018 2017 Number of Contracts Recorded Investment Number of Contracts Recorded Investment (Dollars in thousands) Mortgage 19 $ 2,756 28 $ 2,663 Commercial 2 $ 281 8 $ 868 Consumer 11 $ 107 22 $ 248 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2018 Risk Ratings Balance Special Outstanding Pass Mention Substandard Doubtful Loss (In thousands) Commercial - originated and other loans held for investment Commercial secured by real estate: Corporate $ 306,372 $ 263,522 $ 26,887 $ 15,963 $ - $ - Institutional 72,372 62,021 - 10,351 - - Middle market 182,142 133,506 31,912 16,724 - - Retail 220,897 194,554 4,024 22,319 - - Floor plan 3,579 2,281 - 1,298 - - Real estate 19,347 19,347 - - - - 804,709 675,231 62,823 66,655 - - Other commercial and industrial: Corporate 163,766 135,269 28,497 - - - Institutional 143,886 143,886 - - - - Middle market 97,715 74,204 4,948 18,563 - - Retail 289,398 286,090 213 3,095 - - Floor plan 40,553 37,766 2,736 51 - - 735,318 677,215 36,394 21,709 - - Total 1,540,027 1,352,446 99,217 88,364 - - Commercial - acquired loans (under ASC 310-20) Commercial secured by real estate: Retail 54 - - 54 - - Floor plan 1,204 305 - 899 - - 1,258 305 - 953 - - Other commercial and industrial: Retail 1,518 1,518 - - - - Floor plan 2 - - 2 - - 1,520 1,518 - 2 - - Total 2,778 1,823 - 955 - - September 30, 2018 Risk Ratings Balance Special Outstanding Pass Mention Substandard Doubtful Loss (In thousands) Retail - originated and other loans held for investment Mortgage: Traditional 531,551 496,407 - 35,144 - - Non-traditional 14,699 11,959 - 2,740 - - Loss mitigation program 107,397 86,600 - 20,797 - - Home equity secured personal loans 252 252 - - - - GNMA's buy-back option program 13,325 - - 13,325 - - 667,224 595,218 - 72,006 - - Consumer: Credit cards 27,724 27,122 - 602 - - Overdrafts 156 129 - 27 - - Unsecured personal lines of credit 1,936 1,865 - 71 - - Unsecured personal loans 299,530 298,334 - 1,196 - - Cash collateral personal loans 16,053 16,053 - - - - 345,399 343,503 - 1,896 - - Auto and Leasing 1,084,912 1,072,764 - 12,148 - - Total 2,097,535 2,011,485 - 86,050 - - Retail - acquired loans (accounted for under ASC 310-20) Consumer: Credit cards 22,612 22,169 - 443 - - Personal loans 2,302 2,244 - 58 - - 24,914 24,413 - 501 - - Auto 7,494 7,292 - 202 - - 32,408 31,705 - 703 - - $ 3,672,748 $ 3,397,459 $ 99,217 $ 176,072 $ - $ - December 31, 2017 Risk Ratings Balance Special Outstanding Pass Mention Substandard Doubtful Loss (In thousands) Commercial - originated and other loans held for investment Commercial secured by real estate: Corporate $ 235,426 $ 200,395 $ 33,094 $ 1,937 $ - $ - Institutional 44,766 33,856 - 10,910 - - Middle market 229,941 196,058 4,749 29,134 - - Retail 246,067 215,121 8,058 22,888 - - Floor plan 3,998 2,678 1,320 - - - Real estate 17,556 17,556 - - - - 777,754 665,664 47,221 64,869 - - Other commercial and industrial: Corporate 170,015 157,683 12,332 - - - Institutional 125,591 125,591 - - - - Middle market 85,363 71,222 6,386 7,755 - - Retail 113,252 109,477 562 3,213 - - Floor plan 35,286 32,165 3,070 51 - - 529,507 496,138 22,350 11,019 - - Total 1,307,261 1,161,802 69,571 75,888 - - Commercial - acquired loans (under ASC 310-20) Commercial secured by real estate: Retail 119 - - 119 - - Floor plan 1,321 393 - 928 - - 1,440 393 - 1,047 - - Other commercial and industrial: Retail 2,938 2,933 - 5 - - Floor plan 2 - - 2 - - 2,940 2,933 - 7 - - Total 4,380 3,326 - 1,054 - - December 31, 2017 Risk Ratings Balance Special Outstanding Pass Mention Substandard Doubtful Loss (In thousands) Retail - originated and other loans held for investment Mortgage: Traditional 553,533 516,770 - 36,763 - - Non-traditional 18,270 14,727 - 3,543 - - Loss mitigation program 103,280 84,357 - 18,923 - - Home equity secured personal loans 256 256 - - - - GNMA's buy-back option program 8,268 - - 8,268 - - 683,607 616,110 - 67,497 - - Consumer: Credit cards 28,430 27,203 - 1,227 - - Overdrafts 214 158 - 56 - - Unsecured personal lines of credit 2,220 2,133 - 87 - - Unsecured personal loans 284,477 284,255 - 222 - - Cash collateral personal loans 14,698 14,386 - 312 - - 330,039 328,135 - 1,904 - - Auto and Leasing 883,985 879,753 - 4,232 - - Total 1,897,631 1,823,998 - 73,633 - - Retail - acquired loans (under ASC 310-20) Consumer: Credit cards 26,467 25,156 - 1,311 - - Personal loans 2,448 2,402 - 46 - - 28,915 27,558 - 1,357 - - Auto 21,969 21,790 - 179 - - Total 50,884 49,348 - 1,536 - - $ 3,260,156 $ 3,038,474 $ 69,571 $ 152,111 $ - $ - |
Allowance for Loan and Lease _2
Allowance for Loan and Lease Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Allowance for loan and lease losses [Abstract] | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Allowance for loans and lease losses: Originated and other loans and leases held for investment: Mortgage $ 19,545 $ 20,439 Commercial 32,491 30,258 Consumer 15,715 16,454 Auto and leasing 27,485 25,567 Total allowance for originated and other loans and lease losses 95,236 92,718 Acquired BBVAPR loans: Accounted for under ASC 310-20 (Loans with revolving feature and/or acquired at a premium) Commercial 17 42 Consumer 2,140 3,225 Auto 193 595 2,350 3,862 Accounted for under ASC 310-30 (Loans acquired with deteriorated credit quality, including those by analogy) Mortgage 15,258 14,085 Commercial 22,256 23,691 Consumer 18 18 Auto 6,343 7,961 43,875 45,755 Total allowance for acquired BBVAPR loans and lease losses 46,225 49,617 Acquired Eurobank loans: Loans secured by 1-4 family residential properties 15,155 15,187 Commercial 9,122 9,983 Consumer 4 4 Total allowance for acquired Eurobank loan and lease losses 24,281 25,174 Total allowance for loan and lease losses $ 165,742 $ 167,509 Quarter Ended September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 19,323 $ 31,480 $ 16,192 $ 27,223 $ 94,218 Charge-offs (1,429) (3,249) (4,591) (9,111) (18,380) Recoveries 139 119 278 5,442 5,978 Provision for loan and lease losses 1,512 4,141 3,836 3,931 13,420 Balance at end of period $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 20,439 $ 30,258 $ 16,454 $ 25,567 $ 92,718 Charge-offs (3,727) (6,396) (13,438) (31,842) (55,403) Recoveries 919 528 757 14,498 16,702 Provision for loan and lease losses 1,914 8,101 11,942 19,262 41,219 Balance at end of period $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 September 30, 2018 Mortgage Commercial Consumer Auto and Leasing Total (In thousands) Allowance for loan and lease losses on originated and other loans: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 10,620 $ 7,607 $ - $ - $ 18,227 Collectively evaluated for impairment 8,925 24,884 15,715 27,485 77,009 Total ending allowance balance $ 19,545 $ 32,491 $ 15,715 $ 27,485 $ 95,236 Loans: Individually evaluated for impairment $ 85,119 $ 68,892 $ - $ - $ 154,011 Collectively evaluated for impairment 582,105 1,471,135 345,399 1,084,912 3,483,551 Total ending loan balance $ 667,224 $ 1,540,027 $ 345,399 $ 1,084,912 $ 3,637,562 Quarter Ended September 30, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 18,664 $ 17,279 $ 14,981 $ 18,742 $ - $ 69,666 Charge-offs (834) (727) (4,424) (9,387) - (15,372) Recoveries 341 654 168 2,394 - 3,557 Provision (recapture) for originated and other loan and lease losses 4,137 7,072 5,068 13,413 - 29,690 Balance at end of period $ 22,308 $ 24,278 $ 15,793 $ 25,162 $ - $ 87,541 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses for originated and other loans: Balance at beginning of period $ 17,344 $ 8,995 $ 13,067 $ 19,463 $ 431 $ 59,300 Charge-offs (5,375) (6,424) (11,792) (24,726) - (48,317) Recoveries 458 880 1,113 9,864 - 12,315 Provision (recapture) for originated and other loan and lease losses 9,881 20,827 13,405 20,561 (431) 64,243 Balance at end of period $ 22,308 $ 24,278 $ 15,793 $ 25,162 $ - $ 87,541 December 31, 2017 Mortgage Commercial Consumer Auto and Leasing Unallocated Total (In thousands) Allowance for loan and lease losses on originated and other loans: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 9,121 $ 10,573 $ - $ - $ - $ 19,694 Collectively evaluated for impairment 11,318 19,685 16,454 25,567 - 73,024 Total ending allowance balance $ 20,439 $ 30,258 $ 16,454 $ 25,567 $ - $ 92,718 Loans: Individually evaluated for impairment $ 85,403 $ 71,538 $ - $ - $ - $ 156,941 Collectively evaluated for impairment 598,204 1,235,723 330,039 883,985 - 3,047,951 Total ending loan balance $ 683,607 $ 1,307,261 $ 330,039 $ 883,985 $ - $ 3,204,892 Quarter Ended September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 86 $ 2,357 $ 283 $ 2,726 Charge-offs (1) (638) (72) (711) Recoveries 3 95 169 267 Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 (71) 326 (187) 68 Balance at end of period $ 17 $ 2,140 $ 193 $ 2,350 Nine-Month Period Ended September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 42 $ 3,225 $ 595 $ 3,862 Charge-offs (6) (2,080) (285) (2,371) Recoveries 18 243 641 902 Provision (recapture) for acquired BBVAPR loan and lease losses accounted for under ASC 310-20 (37) 752 (758) (43) Balance at end of period $ 17 $ 2,140 $ 193 $ 2,350 September 30, 2018 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 4 $ - $ - $ 4 Collectively evaluated for impairment 13 2,140 193 2,346 Total ending allowance balance $ 17 $ 2,140 $ 193 $ 2,350 Loans: Individually evaluated for impairment $ 747 $ - $ - $ 747 Collectively evaluated for impairment 2,031 24,914 7,494 34,439 Total ending loan balance $ 2,778 $ 24,914 $ 7,494 $ 35,186 Quarter Ended September 30, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of period $ 41 $ 2,623 $ 684 $ 3,348 Charge-offs - (711) (222) (933) Recoveries 1 33 202 236 Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 (1) 646 67 712 Balance at end of period $ 41 $ 2,591 $ 731 $ 3,363 Nine-Month Period Ended September 30, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Balance at beginning of year $ 169 $ 3,028 $ 1,103 $ 4,300 Charge-offs (132) (2,367) (705) (3,204) Recoveries 6 392 1,251 1,649 Provision (recapture) for acquired loan and lease losses accounted for under ASC 310-20 (2) 1,538 (918) 618 Balance at end of period $ 41 $ 2,591 $ 731 $ 3,363 December 31, 2017 Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-20: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 20 $ - $ - $ 20 Collectively evaluated for impairment 22 3,225 595 3,842 Total ending allowance balance $ 42 $ 3,225 $ 595 $ 3,862 Loans: Individually evaluated for impairment $ 747 $ - $ - $ 747 Collectively evaluated for impairment 3,633 28,915 21,969 54,517 Total ending loan balance $ 4,380 $ 28,915 $ 21,969 $ 55,264 Quarter Ended September 30, 2018 Mortgage Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 14,567 $ 23,019 $ 18 $ 6,572 44,176 Provision for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 746 61 - - 807 Allowance de-recognition (55) (824) - (229) (1,108) Balance at end of period $ 15,258 $ 22,256 $ 18 $ 6,343 43,875 Nine-Month Period Ended September 30, 2018 Mortgage Commercial Consumer Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 14,085 $ 23,691 $ 18 $ 7,961 45,755 Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 1,296 2,119 - (887) 2,528 Allowance de-recogntion (123) (3,554) - (731) (4,408) Balance at end of period $ 15,258 $ 22,256 $ 18 $ 6,343 43,875 Quarter Ended September 30, 2017 Mortgage Commercial Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 4,141 $ 25,614 $ 7,739 $ 37,494 Provision (recapture) for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 4,790 6,810 (501) 11,099 Allowance de-recognition - (8,483) - (8,483) Balance at end of period $ 8,931 $ 23,941 $ 7,238 $ 40,110 Nine-Month Period Ended September 30, 2017 Mortgage Commercial Auto Total (In thousands) Allowance for loan and lease losses for acquired BBVAPR loans accounted for under ASC 310-30: Balance at beginning of period $ 2,682 $ 23,452 $ 4,922 $ 31,056 Provision for acquired BBVAPR loans and lease losses accounted for under ASC 310-30 6,345 9,768 2,685 18,798 Allowance de-recogntion (96) (9,279) (369) (9,744) Balance at end of period $ 8,931 $ 23,941 $ 7,238 $ 40,110 Quarter Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 15,170 $ 9,140 $ 4 $ 24,314 Provision for loan and lease losses, net 231 75 - 306 Allowance de-recognition (246) (93) - (339) Balance at end of period $ 15,155 $ 9,122 $ 4 $ 24,281 Nine-Month Period Ended September 30, 2018 Loans Secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 15,187 $ 9,983 $ 4 $ 25,174 Provision for loan and lease losses, net 1,015 95 - 1,110 Allowance de-recognition (1,047) (956) - (2,003) Balance at end of period $ 15,155 $ 9,122 $ 4 $ 24,281 Quarter Ended September 30, 2017 Loans secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for acquired Eurobank loans: Balance at beginning of period $ 13,651 $ 8,131 $ 4 $ 21,786 Provision for (recapture) acquired Eurobank loan and lease losses, net 1,139 1,402 - 2,541 Allowance de-recognition (571) (611) - (1,182) Balance at end of period $ 14,219 $ 8,922 $ 4 $ 23,145 Nine-Month Period Ended September 30, 2017 Loans secured by 1-4 Family Residential Properties Commercial Consumer Total (In thousands) Allowance for loan and lease losses for Eurobank loans: Balance at beginning of period $ 11,947 $ 9,328 $ 6 $ 21,281 Provision for (recapture) acquired Eurobank loan and lease losses, net 4,011 562 - 4,573 Allowance de-recognition (1,739) (968) (2) (2,709) Balance at end of period $ 14,219 $ 8,922 $ 4 $ 23,145 |
Foreclosed Real Estate (Tables)
Foreclosed Real Estate (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other Real Estate [Abstract] | |
Foreclosed Real Estate Roll Forward [Table Text Block] | Quarter Ended September 30, 2018 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 12,186 $ 17,492 $ 10,873 $ 40,551 Decline in value (359) (244) (302) (905) Additions 1,547 2,476 928 4,951 Sales (3,080) (2,680) (969) (6,729) Balance at end of period $ 10,294 $ 17,044 $ 10,530 $ 37,868 Quarter Ended September 30, 2017 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 15,842 $ 21,671 $ 12,710 $ 50,223 Decline in value (592) (680) (340) (1,612) Additions 1,482 2,122 665 4,269 Sales (1,996) (2,410) (1,108) (5,514) Other adjustments (59) (32) - (91) Balance at end of period $ 14,677 $ 20,671 $ 11,927 $ 47,275 Nine-Month Period Ended September 30, 2018 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 14,283 $ 18,347 $ 11,544 $ 44,174 Decline in value (1,017) (1,758) (1,054) (3,829) Additions 4,816 7,401 2,868 15,085 Sales (7,788) (6,946) (2,828) (17,562) Balance at end of period $ 10,294 $ 17,044 $ 10,530 $ 37,868 Nine-Month Period Ended September 30, 2017 Originated and other loans and leases held for investment Acquired BBVAPR loans Acquired Eurobank loans Total (In thousands) Balance at beginning of period $ 12,389 $ 21,379 $ 13,752 $ 47,520 Decline in value (1,672) (2,309) (1,610) (5,591) Additions 9,338 9,210 2,597 21,145 Sales (5,235) (7,464) (2,812) (15,511) Other adjustments (143) (145) - (288) Balance at end of period $ 14,677 $ 20,671 $ 11,927 $ 47,275 |
Derivative Activities (Tables)
Derivative Activities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Instrument Detail [Abstract] | |
Schedule Of Derivative Instruments Text Block | September 30, December 31, 2018 2017 (In thousands) Derivative assets: Interest rate swaps designated as cash flow hedges $ 643 $ - Interest rate swaps not designated as hedges 227 618 Interest rate caps 395 153 $ 1,265 $ 771 Derivative liabilities: Interest rate swaps designated as cash flow hedges - 510 Interest rate swaps not designated as hedges 227 618 Interest rate caps 395 153 $ 622 $ 1,281 Notional Fixed Variable Trade Settlement Maturity Type Amount Rate Rate Index Date Date Date (In thousands) Interest Rate Swaps $ 33,964 2.4210% 1-Month LIBOR 07/03/13 07/03/13 08/01/23 $ 33,964 Notional Fixed Variable Settlement Maturity Type Amount Rate Rate Index Date Date (In thousands) Interest Rate Swaps - Derivatives Offered to Clients $ 12,500 5.5050% 1-Month LIBOR 04/11/09 04/11/19 $ 12,500 Interest Rate Swaps - Mirror Image Derivatives $ 12,500 5.5050% 1-Month LIBOR 04/11/09 04/11/19 $ 12,500 |
Accrued Interest Receivable a_2
Accrued Interest Receivable and Other Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other asset | |
Schedule of Accrued interest receivable [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Loans, excluding acquired loans $ 29,671 $ 46,936 Investments 3,781 3,033 $ 33,452 $ 49,969 |
Schedule of Other Assets [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Prepaid expenses $ 12,762 $ 9,200 Other repossessed assets 4,146 3,548 Core deposit and customer relationship intangibles 3,697 4,687 Tax credits 2,277 4,277 Investment in Statutory Trust 1,083 1,083 Accounts receivable and other assets 37,951 41,898 $ 61,916 $ 64,693 |
Deposits and Related Interest (
Deposits and Related Interest (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Deposits, by Component, Alternative [Abstract] | |
Deposits By Component [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Non-interest bearing demand deposits $ 1,107,567 $ 969,525 Interest-bearing savings and demand deposits 2,412,690 2,274,116 Individual retirement accounts 204,715 231,376 Retail certificates of deposit 610,118 595,983 Institutional certificates of deposit 223,025 209,951 Total core deposits 4,558,115 4,280,951 Brokered deposits 530,878 518,531 Total deposits $ 5,088,993 $ 4,799,482 |
Interest Expense Domestic Deposit Liabilities [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Demand and savings deposits $ 3,157 $ 2,715 $ 8,924 $ 8,563 Certificates of deposit 5,448 4,886 14,630 14,043 $ 8,605 $ 7,601 $ 23,554 $ 22,606 |
Maturities Of Time Deposits [Table Text Block] | September 30, December 31, 2018 2017 (In thousands) Within one year: Three (3) months or less $ 239,716 $ 316,382 Over 3 months through 1 year 578,308 508,285 818,024 824,667 Over 1 through 2 years 506,842 470,670 Over 2 through 3 years 137,738 137,016 Over 3 through 4 years 31,088 36,125 Over 4 through 5 years 45,100 38,623 $ 1,538,792 $ 1,507,101 |
Borrowings and Related Intere_2
Borrowings and Related Interest (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Instruments [Abstract] | |
Schedule Of Repurchase Agreement Counterparty [Table Text Block] | September 30, December 31, 2018 2017 Fair Value of Fair Value of Borrowing Underlying Borrowing Underlying Balance Collateral Balance Collateral (In thousands) South Street Securities, LLC 12,000 12,590 - - JP Morgan Chase Bank NA 130,000 140,364 82,500 88,974 Nomura Securities International, Inc 53,294 56,199 - - JVB Financial Group, LLC 32,525 34,116 - - Federal Home Loan Bank 110,000 116,432 110,000 116,509 Citigroup Global Markets Inc. 39,989 42,524 - - Total $ 377,808 $ 402,225 $ 192,500 $ 205,483 |
Schedule of Repurchase Agreement by Maturity [Table text Block] | Weighted- Borrowing Average Maturity Year of Maturity Balance Coupon Settlement Date Date (In thousands) 2018 32,525 2.19% 9/10/2018 10/10/2018 39,989 2.30% 9/18/2018 10/2/2018 53,294 2.45% 9/24/2018 10/25/2018 12,000 2.40% 9/25/2018 10/15/2018 2019 50,000 1.72% 3/2/2017 9/3/2019 2020 60,000 1.85% 3/2/2017 3/2/2020 50,000 2.61% 3/15/2018 3/15/2020 30,000 2.70% 3/23/2018 3/23/2020 50,000 2.86% 7/6/2018 7/6/2020 $ 377,808 2.31% |
Schedule of Repurchase Agreements [Table] | Market Value of Underlying Collateral Market Value of Underlying Collateral Weighted FNMA and Weighted FNMA and Repurchase Average FHLMC Repurchase Average FHLMC Liability Rate Certificates Liability Rate Certificates September 30, 2018 December 31, 2017 (Dollars in thousands) Less than 90 days $ 137,808 2.34% $ 145,429 $ - - $ - Over 90 days 240,000 2.30% 256,796 192,500 1.63% 205,483 Total $ 377,808 2.31% $ 402,225 $ 192,500 1.63% $ 205,483 |
Federal Home Loan Bank Advances Maturities Summary [Table Text Block] | Weighted- Borrowing Average Maturity Year of Maturity Balance Coupon Settlement Date Date (In thousands) 2018 33,964 2.32% 9/4/2018 10/1/2018 2020 8,953 2.59% 7/19/2013 7/20/2020 2023 12,152 2.94% 5/9/2018 5/9/2023 2,087 2.92% 6/8/2018 6/8/2023 16,222 2.92% 7/13/2018 7/13/2023 $ 73,378 2.61% |
Offsettings of Assets_Liabili_2
Offsettings of Assets/Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Offsetting [Abstract] | |
Offsetting Assets [Table Text Block] | September 30, 2018 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts Net Amount of Offset in the Assets Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Assets Condition Condition Instruments Received Amount (In thousands) Derivatives $ 1,265 $ - $ 1,265 $ 1,986 $ - $ (721) December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts Net amount of Offset in the Assets Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Assets Condition Condition Instruments Received Amount (In thousands) Derivatives $ 771 $ - $ 771 $ 2,010 $ - $ (1,239) |
Offsetting Liabilities [Table Text Block] | September 30, 2018 Gross Amounts Not Offset in the Statement of Financial Condition Net Amount of Gross Amounts Liabilities Offset in the Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Liabilities Condition Condition Instruments Provided Amount (In thousands) Derivatives $ 622 $ - $ 622 $ - $ 1,980 $ (1,358) Securities sold under agreements to repurchase 377,808 - 377,808 402,225 - (24,417) Total $ 378,430 $ - $ 378,430 $ 402,225 $ 1,980 $ (25,775) December 31, 2017 Gross Amounts Not Offset in the Statement of Financial Condition Net Amount of Gross Amounts Liabilities Offset in the Presented Gross Amount Statement of in Statement Cash of Recognized Financial of Financial Financial Collateral Net Liabilities Condition Condition Instruments Provided Amount (In thousands) Derivatives $ 1,281 $ - $ 1,281 $ - $ 1,980 $ (699) Securities sold under agreements to repurchase 192,500 - 192,500 205,483 - (12,983) Total $ 193,781 $ - $ 193,781 $ 205,483 $ 1,980 $ (13,682) |
Regulatory Capital Requiremen_2
Regulatory Capital Requirements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Regulatory Capital Requirements Abstract | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Minimum Capital Minimum to be Well Actual Requirement Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) OFG Bancorp Ratios As of September 30, 2018 Total capital to risk-weighted assets $ 953,543 19.84% $ 384,508 8.00% $ 480,635 10.00% Tier 1 capital to risk-weighted assets $ 891,807 18.55% $ 288,381 6.00% $ 384,508 8.00% Common equity tier 1 capital to risk-weighted assets $ 690,937 14.38% $ 216,286 4.50% $ 312,413 6.50% Tier 1 capital to average total assets $ 891,807 13.93% $ 255,993 4.00% $ 319,992 5.00% As of December 31, 2017 Total capital to risk-weighted assets $ 899,258 20.34% $ 353,653 8.00% $ 442,067 10.00% Tier 1 capital to risk-weighted assets $ 842,133 19.05% $ 265,240 6.00% $ 353,653 8.00% Common equity tier 1 capital to risk-weighted assets $ 644,804 14.59% $ 198,930 4.50% $ 287,343 6.50% Tier 1 capital to average total assets $ 842,133 13.92% $ 242,057 4.00% $ 302,571 5.00% Minimum Capital Minimum to be Well Actual Requirement Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Bank Ratios As of September 30, 2018 Total capital to risk-weighted assets $ 925,447 19.28% $ 383,971 8.00% $ 479,964 10.00% Tier 1 capital to risk-weighted assets $ 863,978 18.00% $ 287,979 6.00% $ 383,971 8.00% Common equity tier 1 capital to risk-weighted assets $ 863,978 18.00% $ 215,984 4.50% $ 311,977 6.50% Tier 1 capital to average total assets $ 863,978 13.56% $ 254,847 4.00% $ 318,559 5.00% As of December 31, 2017 Total capital to risk-weighted assets $ 879,648 19.92% $ 353,265 8.00% $ 441,581 10.00% Tier 1 capital to risk-weighted assets $ 822,776 18.63% $ 264,949 6.00% $ 353,265 8.00% Common equity tier 1 capital to risk-weighted assets $ 822,776 18.63% $ 198,712 4.50% $ 287,028 6.50% Tier 1 capital to average total assets $ 822,776 13.63% $ 241,417 4.00% $ 301,771 5.00% |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Stockholders' Equity [Abstract] | |
Schedule of Treasury Stock by Class [Table Text Block] | Nine-Month Period Ended September 30, 2018 2017 Dollar Dollar Shares Amount Shares Amount (In thousands, except shares data) Beginning of period 8,678,427 $ 104,502 8,711,025 $ 104,860 Common shares used upon lapse of restricted stock units (58,424) (796) (32,598) (358) End of period 8,620,003 $ 103,706 8,678,427 $ 104,502 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure Text Block Abstract | |
Schedule of Accumulated Other Comprehensive Income (Loss) | September 30, December 31, 2018 2017 (In thousands) Unrealized loss on securities available-for-sale which are not other-than-temporarily impaired $ (24,343) $ (3,003) Income tax effect of unrealized loss on securities available-for-sale 3,155 365 Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired (21,188) (2,638) Unrealized gain (loss) on cash flow hedges 643 (510) Income tax effect of unrealized (gain) loss on cash flow hedges (250) 199 Net unrealized gain (loss) on cash flow hedges 393 (311) Accumulated other comprehensive (loss), net of income taxes $ (20,795) $ (2,949) Quarter Ended September 30, 2018 2017 Net unrealized Net unrealized Accumulated Net unrealized Net unrealized Accumulated gains on loss on other gains on loss on other securities cash flow comprehensive securities cash flow comprehensive available-for-sale hedges (loss) income available-for-sale hedges (loss) income (In thousands) Beginning balance $ (15,518) $ 256 $ (15,262) $ 256 $ (563) $ (307) Other comprehensive loss before reclassifications (5,607) (380) (5,987) 1,185 (74) 1,111 Amounts reclassified out of accumulated other comprehensive income (loss) (63) 517 454 (70) 108 38 Other comprehensive income (loss) (5,670) 137 (5,533) 1,115 34 1,149 Ending balance $ (21,188) $ 393 $ (20,795) $ 1,371 $ (529) $ 842 Nine-Month Period Ended September 30, 2018 2017 Net unrealized Net unrealized Accumulated Net unrealized Net unrealized Accumulated gains on loss on other gains on loss on other securities cash flow comprehensive securities cash flow comprehensive available-for-sale hedges (loss) income available-for-sale hedges (loss) income (In thousands) Beginning balance $ (2,638) $ (311) $ (2,949) $ 2,209 $ (613) $ 1,596 Other comprehensive loss before reclassifications (18,361) (635) (18,996) (726) (301) (1,027) Amounts reclassified out of accumulated other comprehensive income (loss) (189) 1,339 1,150 (112) 385 273 Other comprehensive income (loss) (18,550) 704 (17,846) (838) 84 (754) Ending balance $ (21,188) $ 393 $ (20,795) $ 1,371 $ (529) $ 842 |
Reclassification out of Accumulated Other Comprehensive Income [Table text block] | Amount reclassified out of accumulated other comprehensive income Affected Line Item in Consolidated Statement of Operations Quarter Ended September 30, 2018 2017 (In thousands) Cash flow hedges: Interest-rate contracts $ 517 $ 108 Net interest expense Available-for-sale securities: Gain on sale of investments - 4 Income tax expense Residual tax effect from OIB's change in applicable tax rate - 1 Income tax expense Tax effect from changes in tax rates (63) (71) Income tax expense $ 454 $ 42 Amount reclassified out of accumulated other comprehensive income Affected Line Item in Consolidated Statement of Operations Nine-Month Period Ended September 30, 2018 2017 (In thousands) Cash flow hedges: Interest-rate contracts $ 1,339 $ 385 Net interest expense Available-for-sale securities: Gain on sale of investments - 6,896 Income tax expense Residual tax effect from OIB's change in applicable tax rate 5 104 Income tax expense Tax effect from changes in tax rates (194) (216) Income tax expense $ 1,150 $ 7,169 |
Earning Per Common Share (Table
Earning Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income $ 23,100 $ 3,319 $ 59,666 $ 35,573 Less: Dividends on preferred stock Non-convertible preferred stock (Series A, B, and D) (1,628) (1,627) (4,883) (4,883) Convertible preferred stock (Series C) (1,838) (1,838) (5,513) (5,513) Income available to common shareholders $ 19,634 $ (146) $ 49,270 $ 25,177 Effect of assumed conversion of the convertible preferred stock 1,838 1,838 5,513 5,513 Income available to common shareholders assuming conversion $ 21,472 $ 1,692 $ 54,783 $ 30,690 Weighted average common shares and share equivalents: Average common shares outstanding 43,996 43,947 43,975 43,937 Effect of dilutive securities: Average potential common shares-options 209 17 110 20 Average potential common shares-assuming conversion of convertible preferred stock 7,259 7,138 7,259 7,138 Total weighted average common shares outstanding and equivalents 51,464 51,102 51,344 51,095 Earnings per common share - basic $ 0.45 $ - $ 1.12 $ 0.57 Earnings per common share - diluted $ 0.42 $ - $ 1.07 $ 0.56 |
Guarantees (Tables)
Guarantees (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Guarantees [Abstract] | |
Schedule Of Guarantee Obligations Text Block | Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Balance at beginning of period $ 264 $ 570 $ 358 $ 710 Net (charge-offs/terminations) recoveries (60) (118) (154) (258) Balance at end of period $ 204 $ 452 $ 204 $ 452 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies [Abstract] | |
Schedule Of Line Of Credit Facilities Text Block | September 30, December 31, 2018 2017 (In thousands) Commitments to extend credit $ 566,030 $ 485,019 Commercial letters of credit 1,464 494 September 30, December 31, 2018 2017 (In thousands) Standby letters of credit and financial guarantees $ 15,721 $ 21,107 Loans sold with recourse 5,490 6,420 |
Contractual Obligation Fiscal Year Maturity Schedule [Table Text Block] | Minimum Rent Year Ending December 31, (In thousands) 2018 $ 4,868 2019 5,977 2020 4,062 2021 3,360 2022 2,494 Thereafter 6,926 $ 27,687 |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis 1 [Table Text Block] | September 30, 2018 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ - $ 848,552 $ - $ 848,552 Trading securities - 405 - 405 Money market investments 5,805 - - 5,805 Derivative assets - 1,265 - 1,265 Servicing assets - - 10,866 10,866 Derivative liabilities - (622) - (622) $ 5,805 $ 849,600 $ 10,866 $ 866,271 Non-recurring fair value measurements: Impaired commercial loans $ - $ - $ 69,639 $ 69,639 Foreclosed real estate - - 37,868 37,868 Other repossessed assets - - 4,146 4,146 $ - $ - $ 111,653 $ 111,653 December 31, 2017 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ - $ 645,797 $ - $ 645,797 Trading securities - 191 - 191 Money market investments 7,021 - - 7,021 Derivative assets - 771 - 771 Servicing assets - - 9,821 9,821 Derivative liabilities - (1,281) - (1,281) $ 7,021 $ 645,478 $ 9,821 $ 662,320 Non-recurring fair value measurements: Impaired commercial loans $ - $ - $ 72,285 $ 72,285 Foreclosed real estate - - 44,174 44,174 Other repossessed assets - - 3,548 3,548 $ - $ - $ 120,007 $ 120,007 Servicing assets Quarter Ended September 30, Level 3 Instruments Only 2018 2017 (In thousands) Balance at beginning of period $ 10,829 $ 9,866 New instruments acquired 417 429 Principal repayments (184) (152) Changes in fair value of servicing assets (196) (325) Balance at end of period $ 10,866 $ 9,818 Servicing assets Nine-Month Period Ended September 30, Level 3 Instruments Only 2018 2017 (In thousands) Balance at beginning of period $ 9,821 $ 9,858 New instruments acquired 1,158 1,503 Principal repayments (593) (478) Changes in fair value of servicing assets 480 (1,065) Balance at end of period $ 10,866 $ 9,818 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table Text Block] | September 30, 2018 Fair Value Valuation Technique Unobservable Input Range (In thousands) Servicing assets $ 10,866 Cash flow valuation Constant prepayment rate 4.45% -8.33% Discount rate 10.00% - 12.00% Collateral dependent impaired loans $ 30,522 Fair value of property or collateral Appraised value less disposition costs 17.20% - 31.20% Other non-collateral dependent impaired loans $ 39,117 Cash flow valuation Discount rate 4.25% - 11.00% Foreclosed real estate $ 37,868 Fair value of property or collateral Appraised value less disposition costs 17.20% - 31.20% Other repossessed assets $ 4,146 Fair value of property or collateral Estimated net realizable value less disposition costs 36.00% - 64.00% |
Fair Value By Balance Sheet Grouping [Text Block] | September 30, December 31, 2018 2017 Fair Carrying Fair Carrying Value Value Value Value (In thousands) Level 1 Financial Assets: Cash and cash equivalents $ 543,750 $ 543,750 $ 485,203 $ 485,203 Restricted cash $ 3,030 $ 3,030 $ 3,030 $ 3,030 Level 2 Financial Assets: Trading securities $ 405 $ 405 $ 191 $ 191 Investment securities available-for-sale $ 848,552 $ 848,552 $ 645,797 $ 645,797 Investment securities held-to-maturity $ 425,066 $ 444,679 $ 497,681 $ 506,064 Federal Home Loan Bank (FHLB) stock $ 12,461 $ 12,461 $ 13,995 $ 13,995 Other investments $ 3 $ 3 $ 3 $ 3 Derivative assets $ 1,265 $ 1,265 $ 771 $ 771 Financial Liabilities: Derivative liabilities $ 622 $ 622 $ 1,281 $ 1,281 Level 3 Financial Assets: Total loans (including loans held-for-sale) $ 4,016,912 $ 4,352,980 $ 3,842,907 $ 4,056,329 Accrued interest receivable $ 33,452 $ 33,452 $ 49,969 $ 49,969 Servicing assets $ 10,866 $ 10,866 $ 9,821 $ 9,821 Accounts receivable and other assets $ 37,951 $ 37,951 $ 41,898 $ 41,898 Financial Liabilities: Deposits $ 5,057,209 $ 5,088,993 $ 4,782,197 $ 4,799,482 Securities sold under agreements to repurchase $ 375,345 $ 378,237 $ 191,104 $ 192,869 Advances from FHLB $ 74,331 $ 73,531 $ 99,509 $ 99,643 Other borrowings $ 192 $ 192 $ 153 $ 153 Subordinated capital notes $ 33,369 $ 36,083 $ 33,080 $ 36,083 Accrued expenses and other liabilities $ 80,448 $ 80,448 $ 86,791 $ 86,791 |
Banking and Finanial Service _2
Banking and Finanial Service Revenues (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Commissions and fees revenues | Quarter Ended September 30, Nine-Month Period Ended September 30, 2018 2017 2018 2017 (In thousands) Banking service revenues: Checking accounts fees $ 1,502 $ 1,767 $ 4,386 $ 5,470 Savings accounts fees 161 152 473 470 Electronic banking fees 8,104 6,851 23,960 22,211 Credit life commissions 142 127 401 430 Branch service commissions 365 82 1,089 333 Servicing and other loan fees 334 771 1,554 1,560 International fees 185 170 534 519 Miscellaneous income 4 3 7 14 Total banking service revenues 10,797 9,923 32,404 31,007 Wealth management revenue: Insurance income 1,654 1,278 4,298 4,378 Broker fees 1,941 1,675 5,387 5,345 Trust fees 2,541 2,840 8,138 8,187 Retirement plan and administration fees 271 223 856 808 Investment banking fees - - 9 29 Total wealth management revenue 6,407 6,016 18,688 18,747 Mortgage banking activities: Net servicing fees 1,059 925 4,130 2,931 Net gains on sale of mortgage loans and valuation 103 275 182 760 Other 80 74 (325) (871) Total mortgage banking activities 1,242 1,274 3,987 2,820 Total banking and financial service revenues $ 18,446 $ 17,213 $ 55,079 $ 52,574 |
Business Segments (Tables)
Business Segments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Quarter Ended September 30, 2018 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 83,664 $ 9 $ 10,464 $ 94,137 $ - $ 94,137 Interest expense (7,701) - (4,159) (11,860) - (11,860) Net interest income 75,963 9 6,305 82,277 - 82,277 Provision for loan and lease losses (14,478) - (123) (14,601) - (14,601) Non-interest income 12,157 6,463 - 18,620 - 18,620 Non-interest expenses (46,049) (3,720) (1,172) (50,941) - (50,941) Intersegment revenue 616 - - 616 (616) - Intersegment expenses - (273) (343) (616) 616 - Income before income taxes $ 28,209 $ 2,479 $ 4,667 $ 35,355 $ - $ 35,355 Income tax expense 11,001 967 287 12,255 - 12,255 Net income $ 17,208 $ 1,512 $ 4,380 $ 23,100 $ - $ 23,100 Total assets $ 6,156,500 $ 25,243 $ 1,459,682 $ 7,641,425 $ (984,751) $ 6,656,674 Quarter Ended September 30, 2017 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 82,162 $ 13 $ 8,180 $ 90,355 $ - $ 90,355 Interest expense (6,342) - (3,535) (9,877) - (9,877) Net interest income 75,820 13 4,645 80,478 - 80,478 Provision for loan and lease losses (44,042) - - (44,042) - (44,042) Non-interest income 10,384 6,695 833 17,912 - 17,912 Non-interest expenses (43,819) (5,048) (1,602) (50,469) - (50,469) Intersegment revenue 431 - - 431 (431) - Intersegment expenses - (324) (107) (431) 431 - Income before income taxes $ (1,226) $ 1,336 $ 3,769 $ 3,879 $ - $ 3,879 Income tax expense (benefit) (475) 521 514 560 - 560 Net income $ (751) $ 815 $ 3,255 $ 3,319 $ - $ 3,319 Total assets $ 5,605,922 $ 23,148 $ 1,620,919 $ 7,249,989 $ (961,772) $ 6,288,217 Nine-Month Period Ended September 30, 2018 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 236,171 $ 35 $ 29,107 $ 265,313 $ - $ 265,313 Interest expense (21,123) - (10,331) (31,454) - (31,454) Net interest income 215,048 35 18,776 233,859 - 233,859 Provision for loan and lease losses, net (44,677) - (131) (44,808) - (44,808) Non-interest income 36,590 19,219 28 55,837 - 55,837 Non-interest expenses (140,239) (12,288) (2,835) (155,362) - (155,362) Intersegment revenue 1,519 - - 1,519 (1,519) - Intersegment expenses - (660) (859) (1,519) 1,519 - Income before income taxes $ 68,241 $ 6,306 $ 14,979 $ 89,526 $ - $ 89,526 Income tax expense 26,614 2,459 787 29,860 - 29,860 Net income $ 41,627 $ 3,847 $ 14,192 $ 59,666 $ - $ 59,666 Total assets $ 6,156,500 $ 25,243 $ 1,459,682 $ 7,641,425 $ (984,751) $ 6,656,674 Nine-Month Period Ended September 30, 2017 Wealth Total Major Consolidated Banking Management Treasury Segments Eliminations Total (In thousands) Interest income $ 236,754 $ 43 $ 25,676 $ 262,473 $ - $ 262,473 Interest expense (19,976) - (11,838) (31,814) - (31,814) Net interest income 216,778 43 13,838 230,659 - 230,659 Provision for loan and lease losses, net (88,210) - (22) (88,232) - (88,232) Non-interest income 35,387 18,952 7,533 61,872 - 61,872 Non-interest expenses (137,275) (13,368) (4,326) (154,969) - (154,969) Intersegment revenue 1,243 - 140 1,383 (1,383) - Intersegment expenses (140) (889) (354) (1,383) 1,383 - Income before income taxes $ 27,783 $ 4,738 $ 16,809 $ 49,330 $ - $ 49,330 Income tax expense 10,836 1,848 1,073 13,757 - 13,757 Net income $ 16,947 $ 2,890 $ 15,736 $ 35,573 $ - $ 35,573 Total assets $ 5,605,922 $ 23,148 $ 1,620,919 $ 7,249,989 $ (961,772) $ 6,288,217 |
Significant Event (Narrative) (
Significant Event (Narrative) (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Extraordinary And Unusual Items Abstract | ||
Incurred costs due to hurricane | $ 2,200,000 | |
Insurance reimbursement | $ 700 | 1,000,000 |
Other assets receivable from insurance | $ 500 | 1,200,000 |
Estimated total losses | $ 6,600,000 |
Restricted Cash (Narrative) (De
Restricted Cash (Narrative) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Restricted Cash And Cash Equivalents Items Line Items | ||
Certificates Of Deposits Oriental International Banking | $ 300 | $ 300 |
Treasury Bill, Oriental Overseas Unit | 325 | 325 |
Reserve required by local Goverment | 212,700 | 189,200 |
Deposit pledged as collateral | 3,030 | 3,030 |
Derivative | ||
Restricted Cash And Cash Equivalents Items Line Items | ||
Deposit pledged as collateral | 1,980 | 1,980 |
Residential Loans Sold with Recourse [Member] | ||
Restricted Cash And Cash Equivalents Items Line Items | ||
Deposit pledged as collateral | $ 1,050 | $ 1,050 |
Restricted Cash (Composition) (
Restricted Cash (Composition) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Restricted Cash And Cash Equivalents Items Line Items | ||
Deposit pledged as collateral | $ 3,030 | $ 3,030 |
Derivatives | ||
Restricted Cash And Cash Equivalents Items Line Items | ||
Deposit pledged as collateral | 1,980 | 1,980 |
Obligations under agreements of loans sold with recourse | ||
Restricted Cash And Cash Equivalents Items Line Items | ||
Deposit pledged as collateral | $ 1,050 | $ 1,050 |
Investment Securities (Narrativ
Investment Securities (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |||||
Investments Guaranteed by US Treasury and Sponsored Agencies in Unrealized Loss on Position | $ 1,200 | $ 1,200 | |||
Money market investments | 5,805 | 5,805 | $ 7,021 | ||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | 14,746 | $ 250,100 | |||
Gain (Loss) on Sale of Securities, Net | $ 0 | $ 4 | 0 | 6,896 | |
Collateralized Mortgage Backed Securities [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | 14,746 | 166,015 | |||
Collateralized Mortgage Backed Securities [Member] | FNMA and FHLMC [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | 0 | 102,311 | |||
Collateralized Mortgage Backed Securities [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | 14,746 | 63,704 | |||
Collateralized Mortgage Backed Securities [Member] | Obligations of Puerto Rico Government and Public Instrumentalities | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | 84,085 | ||||
US Treasury Securities | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available-for-sale securities sold , Book Value | $ 0 | $ 84,085 |
Investment Securities (Investme
Investment Securities (Investment securities) (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 872,895,000 | $ 648,800,000 |
Available-for-sale Securities, Gross Unrealized Gains | 327,000 | 2,940,000 |
Available-for-sale Securities, Gross Unrealized Losses | 24,670,000 | 5,943,000 |
Available-for-sale Securities | $ 848,552,000 | $ 645,797,000 |
Available for sale - Weighted Average Yield | 2.62% | 2.46% |
Held-to-maturity, Amortized cost | $ 444,679,000 | $ 506,064,000 |
Held to maturity Securities Unrecognized Gains | 0 | 0 |
Held-to-maturity Securities, Unrecognized Loss | 19,613,000 | 8,383,000 |
Held to maturity Fair Value | $ 425,066,000 | $ 497,681,000 |
Held to maturity - Weighted Average Yield | 2.07% | 2.07% |
Total Securities - Amortized Cost | $ 1,317,574,000 | $ 1,154,864,000 |
Total Securities Gross Unrealized Gains | 327,000 | 2,940,000 |
Total Securities Gross Unrealized Losses | 44,283,000 | 14,326,000 |
Total Securities Fair Value | $ 1,273,618,000 | $ 1,143,478,000 |
Marketable Securities Weighted Average Yield | 2.44% | 2.29% |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 858,642,000 | $ 631,656,000 |
Available-for-sale Securities, Gross Unrealized Gains | 320,000 | 2,888,000 |
Available-for-sale Securities, Gross Unrealized Losses | 24,424,000 | 5,420,000 |
Available-for-sale Securities | $ 834,538,000 | $ 629,124,000 |
Available for sale - Weighted Average Yield | 2.64% | 2.47% |
Held-to-maturity, Amortized cost | $ 444,679,000 | $ 506,064,000 |
Held to maturity Securities Unrecognized Gains | 0 | 0 |
Held-to-maturity Securities, Unrecognized Loss | 19,613,000 | 8,383,000 |
Held to maturity Fair Value | $ 425,066,000 | $ 497,681,000 |
Held to maturity - Weighted Average Yield | 2.07% | 2.07% |
Collateralized Mortgage Backed Securities [Member] | FNMA and FHLMC [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 586,097,000 | $ 383,194,000 |
Available-for-sale Securities, Gross Unrealized Gains | 20,000 | 1,402,000 |
Available-for-sale Securities, Gross Unrealized Losses | 15,799,000 | 2,881,000 |
Available-for-sale Securities | $ 570,318,000 | $ 381,715,000 |
Available for sale - Weighted Average Yield | 2.59% | 2.39% |
Held-to-maturity, Amortized cost | $ 444,679,000 | $ 506,064,000 |
Held to maturity Securities Unrecognized Gains | 0 | 0 |
Held-to-maturity Securities, Unrecognized Loss | 19,613,000 | 8,383,000 |
Held to maturity Fair Value | $ 425,066,000 | $ 497,681,000 |
Held to maturity - Weighted Average Yield | 2.07% | 2.07% |
Collateralized Mortgage Backed Securities [Member] | GNMA [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 202,585,000 | $ 166,436,000 |
Available-for-sale Securities, Gross Unrealized Gains | 300,000 | 1,486,000 |
Available-for-sale Securities, Gross Unrealized Losses | 5,431,000 | 584,000 |
Available-for-sale Securities | $ 197,454,000 | $ 167,338,000 |
Available for sale - Weighted Average Yield | 3.06% | 2.94% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | CMO's [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 69,960,000 | $ 82,026,000 |
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Losses | 3,194,000 | 1,955,000 |
Available-for-sale Securities | $ 66,766,000 | $ 80,071,000 |
Available for sale - Weighted Average Yield | 1.90% | 1.90% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | 0 | |
Securities Investment [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 14,253,000 | $ 17,144,000 |
Available-for-sale Securities, Gross Unrealized Gains | 7,000 | 52,000 |
Available-for-sale Securities, Gross Unrealized Losses | 246,000 | 523,000 |
Available-for-sale Securities | $ 14,014,000 | $ 16,673,000 |
Available for sale - Weighted Average Yield | 1.46% | 2.04% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | 0 | |
Securities Investment [Member] | US Treasury Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 10,617,000 | $ 10,276,000 |
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Losses | 157,000 | 113,000 |
Available-for-sale Securities | $ 10,460,000 | $ 10,163,000 |
Available for sale - Weighted Average Yield | 1.32% | 1.25% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | 0 | |
Securities Investment [Member] | Obligation of US Government sponsored agencies at loss [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 2,484,000 | $ 2,927,000 |
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Losses | 89,000 | 48,000 |
Available-for-sale Securities | $ 2,395,000 | $ 2,879,000 |
Available for sale - Weighted Average Yield | 1.38% | 1.38% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | 0 | |
Securities Investment [Member] | Obligation of Puerto Rico Government and political subdivisions [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 0 | $ 2,455,000 |
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Losses | 0 | 362,000 |
Available-for-sale Securities | $ 0 | $ 2,093,000 |
Available for sale - Weighted Average Yield | 0.00% | 5.55% |
Securities Investment [Member] | Other Debt Obligations [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 1,152,000 | $ 1,486,000 |
Available-for-sale Securities, Gross Unrealized Gains | 7,000 | 52,000 |
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0 |
Available-for-sale Securities | $ 1,159,000 | $ 1,538,000 |
Available for sale - Weighted Average Yield | 2.99% | 2.97% |
Held-to-maturity, Amortized cost | $ 0 | |
Held to maturity Fair Value | $ 0 |
Investment Securities (Invest_2
Investment Securities (Investment securities by contractual maturity) (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | $ 872,895,000 | $ 648,800,000 |
Available-for-sale Securities | 848,552,000 | 645,797,000 |
Held-to-maturity, Amortized cost | 444,679,000 | 506,064,000 |
Held to maturity Fair Value | 425,066,000 | 497,681,000 |
Maturities Due From One To Five Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 16,696,000 | |
Available-for-sale Securities | 16,352,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Maturities Due From Five To Ten Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 297,773,000 | |
Available-for-sale Securities | 288,214,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Maturities Due After Ten Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 557,780,000 | |
Available-for-sale Securities | 543,341,000 | |
Held-to-maturity, Amortized cost | 444,679,000 | |
Held to maturity Fair Value | 425,066,000 | |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 858,642,000 | 631,656,000 |
Available-for-sale Securities | 834,538,000 | 629,124,000 |
Held-to-maturity, Amortized cost | 444,679,000 | 506,064,000 |
Held to maturity Fair Value | 425,066,000 | 497,681,000 |
Collateralized Mortgage Backed Securities [Member] | FNMA and FHLMC [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 586,097,000 | 383,194,000 |
Available-for-sale Securities | 570,318,000 | 381,715,000 |
Held-to-maturity, Amortized cost | 444,679,000 | 506,064,000 |
Held to maturity Fair Value | 425,066,000 | 497,681,000 |
Collateralized Mortgage Backed Securities [Member] | GNMA [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 202,585,000 | 166,436,000 |
Available-for-sale Securities | 197,454,000 | 167,338,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | CMO's [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 69,960,000 | 82,026,000 |
Available-for-sale Securities | 66,766,000 | 80,071,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due From One To Five Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 4,241,000 | |
Available-for-sale Securities | 4,142,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due From One To Five Years [Member] | FNMA and FHLMC [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 4,241,000 | |
Available-for-sale Securities | 4,142,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due From Five To Ten Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 296,621,000 | |
Available-for-sale Securities | 287,055,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due From Five To Ten Years [Member] | FNMA and FHLMC [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 235,031,000 | |
Available-for-sale Securities | 228,438,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due From Five To Ten Years [Member] | CMO's [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 61,590,000 | |
Available-for-sale Securities | 58,617,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due After Ten Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 557,780,000 | |
Available-for-sale Securities | 543,341,000 | |
Held-to-maturity, Amortized cost | 444,679,000 | |
Held to maturity Fair Value | 425,066,000 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due After Ten Years [Member] | FNMA and FHLMC [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 346,825,000 | |
Available-for-sale Securities | 337,738,000 | |
Held-to-maturity, Amortized cost | 444,679,000 | |
Held to maturity Fair Value | 425,066,000 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due After Ten Years [Member] | GNMA [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 202,585,000 | |
Available-for-sale Securities | 197,454,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Collateralized Mortgage Backed Securities [Member] | Maturities Due After Ten Years [Member] | CMO's [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 8,370,000 | |
Available-for-sale Securities | 8,149,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 14,253,000 | 17,144,000 |
Available-for-sale Securities | 14,014,000 | 16,673,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | US Treasury Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 10,617,000 | 10,276,000 |
Available-for-sale Securities | 10,460,000 | 10,163,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Obligation of US Government sponsored agencies at loss [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 2,484,000 | 2,927,000 |
Available-for-sale Securities | 2,395,000 | 2,879,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Obligation of Puerto Rico Government and political subdivisions [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 0 | 2,455,000 |
Available-for-sale Securities | 0 | 2,093,000 |
Investment Securities | Other Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 1,152,000 | 1,486,000 |
Available-for-sale Securities | 1,159,000 | $ 1,538,000 |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due In Less Than One Year [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 646,000 | |
Available-for-sale Securities | 645,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due In Less Than One Year [Member] | US Treasury Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 646,000 | |
Available-for-sale Securities | 645,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due In Less Than One Year [Member] | Obligation of Puerto Rico Government and political subdivisions [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 0 | |
Available-for-sale Securities | 0 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due From One To Five Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 12,455,000 | |
Available-for-sale Securities | 12,210,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due From One To Five Years [Member] | US Treasury Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 9,971,000 | |
Available-for-sale Securities | 9,815,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due From One To Five Years [Member] | Obligation of US Government sponsored agencies at loss [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 2,484,000 | |
Available-for-sale Securities | 2,395,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due From Five To Ten Years [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 1,152,000 | |
Available-for-sale Securities | 1,159,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | 0 | |
Investment Securities | Maturities Due From Five To Ten Years [Member] | Other Debt Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Available for sale Amortized Cost | 1,152,000 | |
Available-for-sale Securities | 1,159,000 | |
Held-to-maturity, Amortized cost | 0 | |
Held to maturity Fair Value | $ 0 |
Investment Securities (Gross re
Investment Securities (Gross realize gains and losses by category) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | $ 14,746 | $ 256,996 |
Book Value | 14,746 | 250,100 |
Available-for-sale Securities, Gross Realized Gains | 0 | 6,896 |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 14,746 | 172,794 |
Book Value | 14,746 | 166,015 |
Available-for-sale Securities, Gross Realized Gains | 0 | 6,779 |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | FNMA and FHLMC [Member] | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 0 | 107,510 |
Book Value | 0 | 102,311 |
Available-for-sale Securities, Gross Realized Gains | 0 | 5,199 |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | GNMA [Member] | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 14,746 | 65,284 |
Book Value | 14,746 | 63,704 |
Available-for-sale Securities, Gross Realized Gains | 0 | 1,580 |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | Obligations of Puerto Rico Government and Public Instrumentalities | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 84,202 | |
Book Value | 84,085 | |
Available-for-sale Securities, Gross Realized Gains | 117 | |
Available-for-sale Securities, Gross Realized Losses | 0 | |
Securities Investment [Member] | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 0 | 84,202 |
Book Value | 0 | 84,085 |
Available-for-sale Securities, Gross Realized Gains | 0 | 117 |
Available-for-sale Securities, Gross Realized Losses | 0 | 0 |
Securities Investment [Member] | US Treasury Securities [Member] | ||
Schedule of Sale of Available-for-sale Securities [Line Items] | ||
Sale Price | 0 | 84,202 |
Book Value | 0 | 84,085 |
Available-for-sale Securities, Gross Realized Gains | 0 | 117 |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 0 |
Investment Securities (Gains an
Investment Securities (Gains and losses by category) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - less than 12 month | $ 572,178 | $ 148,896 |
Available for sale - Amortized cost - more than 12 month | 270,131 | 220,334 |
Total Available for Sale Amortization cost | 842,309 | 369,230 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - less than 12 month | 12,193 | 942 |
Available for sale - Unrealized Loss - more than 12 month | 12,477 | 5,001 |
Total Available for Sale Unrealized Loss | 24,670 | 5,943 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available for sale - Fair Value - less than 12 month | 559,985 | 147,954 |
Available-for-sale, Fair Value - more than 12 month | 257,654 | 215,333 |
Total Available for Sale Fair Value | 817,639 | 363,287 |
Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Held to Maturity - Amortized cost - less than 12 month | 62,738 | 153,665 |
Held to Maturity - Amortized cost - more than 12 month | 381,941 | 352,399 |
Held to Maturity - Amortized Cost | 444,679 | 506,064 |
Held To Maturity Securities, Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Held to Maturity- Unrealized Loss - less than 12 month | 1,994 | 1,119 |
Held to Maturity- Unrealized Loss - more than 12 month | 17,619 | 7,264 |
Held to Maturity- Unrealized Loss | 19,613 | 8,383 |
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Held-to-Maturity - Fair Value - less than 12 Month | 60,744 | 152,546 |
Held-to-Maturity - Fair Value - more than 12 Month | 364,322 | 345,135 |
Held to Maturity - Fair Value | 425,066 | 497,681 |
Investment Securities Continuous Unrealized Loss Position [Abstract] | ||
Investment Securities - Amortized Cost | 1,286,988 | 875,294 |
Investment Securities - Fair Value | 1,242,705 | 860,968 |
CMO's issued by us government sponsored agencies at loss | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - less than 12 month | 1,000 | 9,464 |
Available for sale - Amortized cost - more than 12 month | 68,960 | 72,562 |
Total Available for Sale Amortization cost | 69,960 | 82,026 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - less than 12 month | 20 | 98 |
Available for sale - Unrealized Loss - more than 12 month | 3,174 | 1,857 |
Total Available for Sale Unrealized Loss | 3,194 | 1,955 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available for sale - Fair Value - less than 12 month | 980 | 9,366 |
Available-for-sale, Fair Value - more than 12 month | 65,786 | 70,705 |
Total Available for Sale Fair Value | 66,766 | 80,071 |
Obligation of Puerto Rico Government and public instrumentalities at loss | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - more than 12 month | 0 | 2,455 |
Total Available for Sale Amortization cost | 0 | 2,455 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - more than 12 month | 362 | |
Total Available for Sale Unrealized Loss | 362 | |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available-for-sale, Fair Value - more than 12 month | 0 | 2,093 |
Total Available for Sale Fair Value | 0 | 2,093 |
FNMA and FHLMC [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - less than 12 month | 425,094 | 125,107 |
Available for sale - Amortized cost - more than 12 month | 160,420 | 111,635 |
Total Available for Sale Amortization cost | 585,514 | 236,742 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - less than 12 month | 8,348 | 759 |
Available for sale - Unrealized Loss - more than 12 month | 7,451 | 2,122 |
Total Available for Sale Unrealized Loss | 15,799 | 2,881 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available for sale - Fair Value - less than 12 month | 416,746 | 124,348 |
Available-for-sale, Fair Value - more than 12 month | 152,969 | 109,513 |
Total Available for Sale Fair Value | 569,715 | 233,861 |
Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Held to Maturity - Amortized cost - less than 12 month | 62,738 | 153,665 |
Held to Maturity - Amortized cost - more than 12 month | 381,941 | 352,399 |
Held to Maturity - Amortized Cost | 444,679 | 506,064 |
Held To Maturity Securities, Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Held to Maturity- Unrealized Loss - less than 12 month | 1,994 | 1,119 |
Held to Maturity- Unrealized Loss - more than 12 month | 17,619 | 7,264 |
Held to Maturity- Unrealized Loss | 19,613 | 8,383 |
Held To Maturity Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Held-to-Maturity - Fair Value - less than 12 Month | 60,744 | 152,546 |
Held-to-Maturity - Fair Value - more than 12 Month | 364,322 | 345,135 |
Held to Maturity - Fair Value | 425,066 | 497,681 |
Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - less than 12 month | 145,438 | 14,001 |
Available for sale - Amortized cost - more than 12 month | 28,296 | 20,803 |
Total Available for Sale Amortization cost | 173,734 | 34,804 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - less than 12 month | 3,825 | 85 |
Available for sale - Unrealized Loss - more than 12 month | 1,606 | 499 |
Total Available for Sale Unrealized Loss | 5,431 | 584 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available for sale - Fair Value - less than 12 month | 141,613 | 13,916 |
Available-for-sale, Fair Value - more than 12 month | 26,690 | 20,304 |
Total Available for Sale Fair Value | 168,303 | 34,220 |
Obligation of US Government sponsored agencies at loss [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - more than 12 month | 2,484 | 2,927 |
Total Available for Sale Amortization cost | 2,484 | 2,927 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - more than 12 month | 89 | 48 |
Total Available for Sale Unrealized Loss | 89 | 48 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available-for-sale, Fair Value - more than 12 month | 2,395 | 2,879 |
Total Available for Sale Fair Value | 2,395 | 2,879 |
US Treasury Securities at loss | ||
Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost [Abstract] | ||
Available for sale - Amortized cost - less than 12 month | 646 | 324 |
Available for sale - Amortized cost - more than 12 month | 9,971 | 9,952 |
Total Available for Sale Amortization cost | 10,617 | 10,276 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses [Abstract] | ||
Available for sale - Unrealized Loss - less than 12 month | 0 | 0 |
Available for sale - Unrealized Loss - more than 12 month | 157 | 113 |
Total Available for Sale Unrealized Loss | 157 | 113 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Abstract] | ||
Available for sale - Fair Value - less than 12 month | 646 | 324 |
Available-for-sale, Fair Value - more than 12 month | 9,814 | 9,839 |
Total Available for Sale Fair Value | $ 10,460 | $ 10,163 |
Loans Receivable (Narratives) (
Loans Receivable (Narratives) (Details) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts Notes And Loans Receivable Line Items | ||
Financing Receivable Modifications Recorded Investment Not Included In Non Accrual | $ 97.7 | $ 109.2 |
Originated Loans Granted To Puerto Rico Government | 91.4 | 94.9 |
Acquired Credit Facilities Granted to the Puerto Rico Public Corporation | 44 | 50.3 |
Impaired Commercial Loans | 69.6 | 72.3 |
Allowance for impaired commercial loans | 7.6 | 10.6 |
Impaired Mortgage Loans | 85.1 | 85.4 |
Allowance For Impaired Mortgage Loans | 10.6 | 9.1 |
Current but placed in non-accrual due to credit deterioration | $ 23.6 | $ 20.1 |
Loans Receivable (Composition o
Loans Receivable (Composition of loan portfolio) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | $ 4,502,187 | $ 4,204,871 |
Allowance for loan and lease losses | (165,742) | (167,509) |
Loans, net of allowance for loan and lease losse, net. | 4,336,445 | 4,037,362 |
Deferred loan cost (fees), net | 7,556 | 6,695 |
Loans receivable net of deferred loan cost (fees) | 4,344,001 | 4,044,057 |
Mortgage loans held-for-sale | 8,979 | 12,272 |
Total loans, net | 4,352,980 | 4,056,329 |
Acquired BBVAPR loans [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 749,683 | 875,536 |
Allowance for loan and lease losses | (46,225) | (49,617) |
Loans, net of allowance for loan and lease losse, net. | 703,458 | 825,919 |
Deferred loan cost (fees), net | 0 | 0 |
Loans receivable net of deferred loan cost (fees) | 703,458 | 825,919 |
Total loans, net | 703,458 | 825,919 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 35,186 | 55,264 |
Allowance for loan and lease losses | (2,350) | (3,862) |
Loans, net of allowance for loan and lease losse, net. | 32,836 | 51,402 |
Loans receivable net of deferred loan cost (fees) | 32,836 | 51,402 |
Total loans, net | 32,836 | 51,402 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 2,778 | 4,380 |
Allowance for loan and lease losses | (17) | (42) |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 24,914 | 28,915 |
Allowance for loan and lease losses | (2,140) | (3,225) |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auto Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 7,494 | 21,969 |
Allowance for loan and lease losses | (193) | (595) |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 714,497 | 820,272 |
Allowance for loan and lease losses | (43,875) | (45,755) |
Loans, net of allowance for loan and lease losse, net. | 670,622 | 774,517 |
Deferred loan cost (fees), net | 0 | 0 |
Loans receivable net of deferred loan cost (fees) | 670,622 | 774,517 |
Total loans, net | 670,622 | 774,517 |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | Mortgage Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 503,861 | 532,053 |
Allowance for loan and lease losses | (15,258) | (14,085) |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 190,178 | 243,092 |
Allowance for loan and lease losses | (22,256) | (23,691) |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | Consumer Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 95 | 1,431 |
Allowance for loan and lease losses | (18) | (18) |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | Auto Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 20,363 | 43,696 |
Allowance for loan and lease losses | (6,343) | (7,961) |
Eurobank Acquired Loans | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 114,942 | 124,443 |
Allowance for loan and lease losses | (24,281) | (25,174) |
Loans, net of allowance for loan and lease losse, net. | 90,661 | 99,269 |
Deferred loan cost (fees), net | 0 | 0 |
Loans receivable net of deferred loan cost (fees) | 90,661 | 99,269 |
Total loans, net | 90,661 | 99,269 |
Eurobank Acquired Loans | Commercial Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 49,262 | 53,793 |
Eurobank Acquired Loans | Consumer Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 895 | 1,112 |
Eurobank Acquired Loans | Loans secured by 1-4 family residential properties, covered [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 64,785 | 69,538 |
Originated Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 3,637,562 | 3,204,892 |
Allowance for loan and lease losses | (95,236) | (92,718) |
Loans, net of allowance for loan and lease losse, net. | 3,542,326 | 3,112,174 |
Deferred loan cost (fees), net | 7,556 | 6,695 |
Loans receivable net of deferred loan cost (fees) | 3,549,882 | 3,118,869 |
Total loans, net | 3,549,882 | 3,118,869 |
Originated Loan [Member] | Mortgage Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 667,224 | 683,607 |
Allowance for loan and lease losses | (19,545) | (20,439) |
Originated Loan [Member] | Commercial Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,540,027 | 1,307,261 |
Allowance for loan and lease losses | (32,491) | (30,258) |
Originated Loan [Member] | Consumer Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 345,399 | 330,039 |
Allowance for loan and lease losses | (15,715) | (16,454) |
Originated Loan [Member] | Auto and Leasing [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,084,912 | 883,985 |
Allowance for loan and lease losses | (27,485) | (25,567) |
Acquired loans [Member] | Eurobank Acquired Loans | ||
Loans And Leases Receivable Net Reported Amount | ||
Allowance for loan and lease losses | (24,281) | (25,174) |
Acquired loans [Member] | Eurobank Acquired Loans | Consumer Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Allowance for loan and lease losses | (4) | (4) |
Acquired loans [Member] | Eurobank Acquired Loans | Loans secured by 1-4 family residential properties, covered [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Allowance for loan and lease losses | (15,155) | (15,187) |
Acquired loans [Member] | Eurobank Acquired Loans | Commercial and Other Construction Loan [Member] | ||
Loans And Leases Receivable Net Reported Amount | ||
Allowance for loan and lease losses | $ (9,122) | $ (9,983) |
Loans Receivable (Aging of reco
Loans Receivable (Aging of recorded investment in gross loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | $ 4,502,187 | $ 4,204,871 |
Originated Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 74,235 | 36,092 |
60 - 89 Days Past Due | 46,410 | 22,151 |
Greater than 90 Days Past Due | 104,343 | 89,497 |
Total Past Due | 224,988 | 147,740 |
Current | 3,412,574 | 3,057,152 |
Total Loans | 3,637,562 | 3,204,892 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 3,107 | 7,361 |
Originated Loan [Member] | Mortgage Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 11,735 | 8,345 |
60 - 89 Days Past Due | 13,550 | 8,970 |
Greater than 90 Days Past Due | 72,006 | 67,497 |
Total Past Due | 97,291 | 84,812 |
Current | 569,933 | 598,795 |
Total Loans | 667,224 | 683,607 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 3,107 | 7,361 |
Originated Loan [Member] | Traditional loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 1,389 | 1,112 |
60 - 89 Days Past Due | 7,998 | 5,313 |
Greater than 90 Days Past Due | 35,144 | 36,763 |
Total Past Due | 44,531 | 43,188 |
Current | 487,020 | 510,345 |
Total Loans | 531,551 | 553,533 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 476 | 2,380 |
Originated Loan [Member] | Originated Up To The Year 2002 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 276 | 86 |
60 - 89 Days Past Due | 890 | 938 |
Greater than 90 Days Past Due | 3,272 | 3,537 |
Total Past Due | 4,438 | 4,561 |
Current | 38,120 | 41,579 |
Total Loans | 42,558 | 46,140 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 240 | 467 |
Originated Loan [Member] | Originated In The Years 2003 And 2004 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 237 | 92 |
60 - 89 Days Past Due | 1,740 | 1,077 |
Greater than 90 Days Past Due | 6,587 | 6,304 |
Total Past Due | 8,564 | 7,473 |
Current | 69,146 | 75,758 |
Total Loans | 77,710 | 83,231 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Originated In The Year 2005 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 92 | 101 |
60 - 89 Days Past Due | 858 | 383 |
Greater than 90 Days Past Due | 3,515 | 3,348 |
Total Past Due | 4,465 | 3,832 |
Current | 36,710 | 40,669 |
Total Loans | 41,175 | 44,501 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 68 |
Originated Loan [Member] | Originated In The Year 2006 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 348 | 242 |
60 - 89 Days Past Due | 1,484 | 604 |
Greater than 90 Days Past Due | 4,747 | 5,971 |
Total Past Due | 6,579 | 6,817 |
Current | 51,392 | 55,966 |
Total Loans | 57,971 | 62,783 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 66 |
Originated Loan [Member] | Originated In The Years 2007 2008 And 2009 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 178 | 358 |
60 - 89 Days Past Due | 1,195 | 1,258 |
Greater than 90 Days Past Due | 7,774 | 8,561 |
Total Past Due | 9,147 | 10,177 |
Current | 54,223 | 58,505 |
Total Loans | 63,370 | 68,682 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 56 | 577 |
Originated Loan [Member] | Originated In The Years 2010 2011 2012 2013 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 258 | 233 |
60 - 89 Days Past Due | 1,238 | 978 |
Greater than 90 Days Past Due | 7,946 | 7,393 |
Total Past Due | 9,442 | 8,604 |
Current | 106,819 | 116,674 |
Total Loans | 116,261 | 125,278 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 180 | 1,202 |
Originated Loan [Member] | Originated In Years 2014, 2015, 2016, 2017 and 2018 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 593 | 75 |
Greater than 90 Days Past Due | 1,303 | 1,649 |
Total Past Due | 1,896 | 1,724 |
Current | 130,610 | 121,194 |
Total Loans | 132,506 | 122,918 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Home equity secured personal loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 252 | 256 |
Total Loans | 252 | 256 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | NonTraditional Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 117 | 326 |
Greater than 90 Days Past Due | 2,740 | 3,543 |
Total Past Due | 2,857 | 3,869 |
Current | 11,842 | 14,401 |
Total Loans | 14,699 | 18,270 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Loss Mitigation Program [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 10,346 | 7,233 |
60 - 89 Days Past Due | 5,435 | 3,331 |
Greater than 90 Days Past Due | 20,797 | 18,923 |
Total Past Due | 36,578 | 29,487 |
Current | 70,819 | 73,793 |
Total Loans | 107,397 | 103,280 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 2,631 | 4,981 |
Originated Loan [Member] | Total Traditional, non-traditional and loss mitigation program [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 11,735 | 8,345 |
60 - 89 Days Past Due | 13,550 | 8,970 |
Greater than 90 Days Past Due | 58,681 | 59,229 |
Total Past Due | 83,966 | 76,544 |
Current | 569,681 | 598,539 |
Total Loans | 653,647 | 675,083 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 3,107 | 7,361 |
Originated Loan [Member] | GNMA's Buy Back Option related | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 13,325 | 8,268 |
Total Past Due | 13,325 | 8,268 |
Current | 0 | 0 |
Total Loans | 13,325 | 8,268 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 2,951 | 1,581 |
60 - 89 Days Past Due | 3,920 | 1,039 |
Greater than 90 Days Past Due | 18,320 | 15,888 |
Total Past Due | 25,191 | 18,508 |
Current | 1,514,836 | 1,288,753 |
Total Loans | 1,540,027 | 1,307,261 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 2,081 | 1,117 |
60 - 89 Days Past Due | 309 | 936 |
Greater than 90 Days Past Due | 14,726 | 13,340 |
Total Past Due | 17,116 | 15,393 |
Current | 787,593 | 762,361 |
Total Loans | 804,709 | 777,754 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Corporate Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 306,372 | 235,426 |
Total Loans | 306,372 | 235,426 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Institutional Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 118 |
Total Past Due | 0 | 118 |
Current | 72,372 | 44,648 |
Total Loans | 72,372 | 44,766 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Middle Market Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 839 | 765 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 5,481 | 3,527 |
Total Past Due | 6,320 | 4,292 |
Current | 175,822 | 225,649 |
Total Loans | 182,142 | 229,941 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Retail Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 1,242 | 352 |
60 - 89 Days Past Due | 309 | 936 |
Greater than 90 Days Past Due | 9,245 | 9,695 |
Total Past Due | 10,796 | 10,983 |
Current | 210,101 | 235,084 |
Total Loans | 220,897 | 246,067 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Floor Plan Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 3,579 | 3,998 |
Total Loans | 3,579 | 3,998 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Real Estate Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 19,347 | 17,556 |
Total Loans | 19,347 | 17,556 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Other Commercial and Industrial[Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 870 | 464 |
60 - 89 Days Past Due | 3,611 | 103 |
Greater than 90 Days Past Due | 3,594 | 2,548 |
Total Past Due | 8,075 | 3,115 |
Current | 727,243 | 526,392 |
Total Loans | 735,318 | 529,507 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Corporate Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 163,766 | 170,015 |
Total Loans | 163,766 | 170,015 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Institutional Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 143,886 | 125,591 |
Total Loans | 143,886 | 125,591 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Middle Market Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 3,480 | 0 |
Greater than 90 Days Past Due | 2,751 | 881 |
Total Past Due | 6,231 | 881 |
Current | 91,484 | 84,482 |
Total Loans | 97,715 | 85,363 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Retail Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 720 | 455 |
60 - 89 Days Past Due | 131 | 103 |
Greater than 90 Days Past Due | 792 | 1,616 |
Total Past Due | 1,643 | 2,174 |
Current | 287,755 | 111,078 |
Total Loans | 289,398 | 113,252 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Floor Plan Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 150 | 9 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 51 | 51 |
Total Past Due | 201 | 60 |
Current | 40,352 | 35,226 |
Total Loans | 40,553 | 35,286 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 4,661 | 4,406 |
60 - 89 Days Past Due | 2,000 | 1,743 |
Greater than 90 Days Past Due | 1,869 | 1,880 |
Total Past Due | 8,530 | 8,029 |
Current | 336,869 | 322,010 |
Total Loans | 345,399 | 330,039 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Credit Cards [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 580 | 246 |
60 - 89 Days Past Due | 200 | 130 |
Greater than 90 Days Past Due | 602 | 1,227 |
Total Past Due | 1,382 | 1,603 |
Current | 26,342 | 26,827 |
Total Loans | 27,724 | 28,430 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Overdrafts [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 27 | 20 |
60 - 89 Days Past Due | 0 | 6 |
Greater than 90 Days Past Due | 0 | 31 |
Total Past Due | 27 | 57 |
Current | 129 | 157 |
Total Loans | 156 | 214 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Unsecured personal lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 44 | 259 |
60 - 89 Days Past Due | 3 | 54 |
Greater than 90 Days Past Due | 70 | 87 |
Total Past Due | 117 | 400 |
Current | 1,819 | 1,820 |
Total Loans | 1,936 | 2,220 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Unsecured personal loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 3,864 | 3,778 |
60 - 89 Days Past Due | 1,731 | 1,494 |
Greater than 90 Days Past Due | 1,197 | 223 |
Total Past Due | 6,792 | 5,495 |
Current | 292,738 | 278,982 |
Total Loans | 299,530 | 284,477 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Cash collateral personal loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 146 | 103 |
60 - 89 Days Past Due | 66 | 59 |
Greater than 90 Days Past Due | 0 | 312 |
Total Past Due | 212 | 474 |
Current | 15,841 | 14,224 |
Total Loans | 16,053 | 14,698 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Originated Loan [Member] | Auto and Leasing [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 54,888 | 21,760 |
60 - 89 Days Past Due | 26,940 | 10,399 |
Greater than 90 Days Past Due | 12,148 | 4,232 |
Total Past Due | 93,976 | 36,391 |
Current | 990,936 | 847,594 |
Total Loans | 1,084,912 | 883,985 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 1,026 | 985 |
60 - 89 Days Past Due | 506 | 436 |
Greater than 90 Days Past Due | 1,683 | 2,804 |
Total Past Due | 3,215 | 4,225 |
Current | 31,971 | 51,039 |
Total Loans | 35,186 | 55,264 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 8 | 36 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 980 | 1,270 |
Total Past Due | 988 | 1,306 |
Current | 1,790 | 3,074 |
Total Loans | 2,778 | 4,380 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 953 | 1,047 |
Total Past Due | 953 | 1,047 |
Current | 305 | 393 |
Total Loans | 1,258 | 1,440 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Retail Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 54 | 119 |
Total Past Due | 54 | 119 |
Current | 0 | 0 |
Total Loans | 54 | 119 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Floor Plan Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 899 | 928 |
Total Past Due | 899 | 928 |
Current | 305 | 393 |
Total Loans | 1,204 | 1,321 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Other Commercial and Industrial[Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 8 | 36 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 27 | 223 |
Total Past Due | 35 | 259 |
Current | 1,485 | 2,681 |
Total Loans | 1,520 | 2,940 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Retail Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 8 | 36 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 25 | 221 |
Total Past Due | 33 | 257 |
Current | 1,485 | 2,681 |
Total Loans | 1,518 | 2,938 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Floor Plan Other Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 0 | 0 |
60 - 89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 2 | 2 |
Total Past Due | 2 | 2 |
Current | 0 | 0 |
Total Loans | 2 | 2 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 353 | 347 |
60 - 89 Days Past Due | 117 | 188 |
Greater than 90 Days Past Due | 501 | 1,355 |
Total Past Due | 971 | 1,890 |
Current | 23,943 | 27,025 |
Total Loans | 24,914 | 28,915 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Credit Cards [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 330 | 208 |
60 - 89 Days Past Due | 110 | 127 |
Greater than 90 Days Past Due | 443 | 1,310 |
Total Past Due | 883 | 1,645 |
Current | 21,729 | 24,822 |
Total Loans | 22,612 | 26,467 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Unsecured personal loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 23 | 139 |
60 - 89 Days Past Due | 7 | 61 |
Greater than 90 Days Past Due | 58 | 45 |
Total Past Due | 88 | 245 |
Current | 2,214 | 2,203 |
Total Loans | 2,302 | 2,448 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | 0 | 0 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auto Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30 - 59 Days Past Due | 665 | 602 |
60 - 89 Days Past Due | 389 | 248 |
Greater than 90 Days Past Due | 202 | 179 |
Total Past Due | 1,256 | 1,029 |
Current | 6,238 | 20,940 |
Total Loans | 7,494 | 21,969 |
Financing Receivable Recorded Investment 90 Days Past Due And Stil lAccruing | $ 0 | $ 0 |
Loans Receivable (BBVAPR Acquir
Loans Receivable (BBVAPR Acquired Loan 310-30 carrying amounts) (Details) - Acquired under ASC 310-30 Non-Covered Loans [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Accounts Notes And Loans Receivable Line Items | ||||||
Financing Receivable Acquired With Deteriorated Credit Quality | $ 1,340,064 | $ 1,481,616 | ||||
Non-acretable discount | 347,173 | $ 350,257 | 352,431 | $ 364,548 | $ 366,762 | $ 363,107 |
Cash expected to be collected | 992,891 | 1,129,185 | ||||
Accretable yield | 278,394 | 308,913 | ||||
Carrying amount, gross | 714,497 | 820,272 | ||||
Allowance for loan and lease losses | 43,875 | 45,755 | ||||
Carrying amount, net | $ 670,622 | $ 774,517 |
Loans Receivable (Accretable yi
Loans Receivable (Accretable yield and non-accretable discount activity) (Details) - Acquired under ASC 310-30 Non-Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | $ 287,992 | $ 332,525 | $ 308,913 | $ 354,701 |
Accretion Accretable | 11,253 | 16,282 | 34,498 | 46,441 |
Change in expected cash flow | 1,362 | 3,766 | 8,250 | 20,195 |
Transfer from (to) non-accretable discount | 293 | (9,090) | (4,271) | (17,536) |
Balance at end of period | 278,394 | 310,919 | 278,394 | 310,919 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 350,257 | 366,762 | 352,431 | 363,107 |
Change in actual and expected losses | (2,791) | (11,304) | (9,529) | (16,095) |
Transfer (to) from accretable yield | (293) | 9,090 | 4,271 | 17,536 |
Balance at end of period | 347,173 | 364,548 | 347,173 | 364,548 |
Mortgage Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 243,903 | 270,148 | 258,498 | 292,115 |
Accretion Accretable | 6,722 | 7,434 | 20,710 | 23,018 |
Change in expected cash flow | 0 | 0 | 0 | 2 |
Transfer from (to) non-accretable discount | 1,456 | (6,158) | 849 | (12,543) |
Balance at end of period | 238,637 | 256,556 | 238,637 | 256,556 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 296,137 | 306,504 | 299,501 | 305,615 |
Change in actual and expected losses | (1,860) | (2,310) | (5,831) | (7,806) |
Transfer (to) from accretable yield | (1,456) | 6,158 | (849) | 12,543 |
Balance at end of period | 292,821 | 310,352 | 292,821 | 310,352 |
Commercial Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 42,521 | 56,038 | 46,764 | 50,366 |
Accretion Accretable | 3,977 | 7,114 | 11,259 | 16,608 |
Change in expected cash flow | 1,334 | 3,716 | 7,265 | 19,907 |
Transfer from (to) non-accretable discount | (1,140) | (2,950) | (4,032) | (3,975) |
Balance at end of period | 38,738 | 49,690 | 38,738 | 49,690 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 11,143 | 16,867 | 10,596 | 16,965 |
Change in actual and expected losses | (1,125) | (8,679) | (3,470) | (9,802) |
Transfer (to) from accretable yield | 1,140 | 2,950 | 4,032 | 3,975 |
Balance at end of period | 11,158 | 11,138 | 11,158 | 11,138 |
Auto Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 1,071 | 4,853 | 2,766 | 8,538 |
Accretion Accretable | 466 | 1,350 | 1,991 | 5,273 |
Change in expected cash flow | 3 | 13 | 829 | 163 |
Transfer from (to) non-accretable discount | 3 | (8) | (993) | 80 |
Balance at end of period | 611 | 3,508 | 611 | 3,508 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 23,645 | 23,960 | 23,050 | 22,407 |
Change in actual and expected losses | 181 | (191) | (220) | 1,450 |
Transfer (to) from accretable yield | (3) | 8 | 993 | (80) |
Balance at end of period | 23,823 | 23,777 | 23,823 | 23,777 |
Consumer Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 497 | 1,486 | 885 | 3,682 |
Accretion Accretable | 88 | 384 | 538 | 1,542 |
Change in expected cash flow | 25 | 37 | 156 | 123 |
Transfer from (to) non-accretable discount | (26) | 26 | (95) | (1,098) |
Balance at end of period | 408 | 1,165 | 408 | 1,165 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 19,332 | 19,431 | 19,284 | 18,120 |
Change in actual and expected losses | 13 | (124) | (8) | 63 |
Transfer (to) from accretable yield | 26 | (26) | 95 | 1,098 |
Balance at end of period | $ 19,371 | $ 19,281 | $ 19,371 | $ 19,281 |
Loans Receivable (Eurobank Acqu
Loans Receivable (Eurobank Acquired Loan carrying amounts) (Details) - Eurobank Acquired Loans - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Accounts Notes And Loans Receivable Line Items | ||||||
Financing Receivable Acquired With Deteriorated Credit Quality | $ 162,204 | $ 179,960 | ||||
Non-acretable discount | 4,187 | $ 3,819 | 5,845 | $ 6,935 | $ 9,010 | $ 12,340 |
Cash expected to be collected | 158,017 | 174,115 | ||||
Accretable yield | 43,075 | 49,672 | ||||
Carrying amount, gross | 114,942 | 124,443 | ||||
Financing Receivable, Allowance for Credit Losses | 24,281 | 25,174 | ||||
Carrying amount, net | $ 90,661 | $ 99,269 |
Loans Receivable (Accretable _2
Loans Receivable (Accretable yield and non-accretable discount activity of acquired Eurobank loans) (Details) - Acquired Loans In An F D I C Assisted Transaction [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | $ 45,078 | $ 54,075 | $ 49,672 | $ 64,508 |
Accretion Accretable | 3,485 | 4,339 | 10,192 | 16,987 |
Change in expected cash flow | 2,209 | 460 | 4,199 | 2,144 |
Transfer from (to) non-accretable discount | (727) | 2,187 | (604) | 2,718 |
Balance at end of period | 43,075 | 52,383 | 43,075 | 52,383 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 3,819 | 9,010 | 5,845 | 12,340 |
Change in actual and expected losses | (359) | 112 | (2,262) | (2,687) |
Transfer (to) from accretable yield | 727 | (2,187) | 604 | (2,718) |
Balance at end of period | 4,187 | 6,935 | 4,187 | 6,935 |
Mortgage | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 39,269 | 43,012 | 41,474 | 45,839 |
Accretion Accretable | 1,440 | 1,736 | 4,583 | 5,564 |
Change in expected cash flow | 6 | 18 | (974) | 119 |
Transfer from (to) non-accretable discount | 188 | 1,094 | 2,106 | 1,994 |
Balance at end of period | 38,023 | 42,388 | 38,023 | 42,388 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 2,638 | 6,687 | 4,576 | 8,441 |
Change in actual and expected losses | 63 | 20 | 43 | (834) |
Transfer (to) from accretable yield | (188) | (1,094) | (2,106) | (1,994) |
Balance at end of period | 2,513 | 5,613 | 2,513 | 5,613 |
Commercial and Other Construction Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 4,585 | 9,157 | 6,751 | 16,475 |
Accretion Accretable | 1,883 | 2,480 | 5,195 | 11,051 |
Change in expected cash flow | 2,063 | 106 | 4,793 | 1,427 |
Transfer from (to) non-accretable discount | (412) | 1,448 | (1,996) | 1,380 |
Balance at end of period | 4,353 | 8,231 | 4,353 | 8,231 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 0 | 2,010 | 276 | 3,880 |
Change in actual and expected losses | (412) | 126 | (2,272) | (1,812) |
Transfer (to) from accretable yield | 412 | (1,448) | 1,996 | (1,380) |
Balance at end of period | 0 | 688 | 0 | 688 |
Construction and development secured by family properties [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 1,224 | 1,906 | 1,447 | 2,194 |
Accretion Accretable | 0 | 39 | 0 | 82 |
Change in expected cash flow | 0 | 39 | 0 | 82 |
Transfer from (to) non-accretable discount | (525) | (142) | (748) | (430) |
Balance at end of period | 699 | 1,764 | 699 | 1,764 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 981 | 299 | 758 | 11 |
Change in actual and expected losses | 0 | (39) | 0 | (39) |
Transfer (to) from accretable yield | 525 | 142 | 748 | 430 |
Balance at end of period | 1,506 | 402 | 1,506 | 402 |
Auto and Leasing [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 0 | 0 | 0 | 0 |
Accretion Accretable | 7 | 11 | 45 | 22 |
Change in expected cash flow | (143) | (49) | (317) | (214) |
Transfer from (to) non-accretable discount | 150 | 60 | 362 | 236 |
Balance at end of period | 0 | 0 | 0 | 0 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 0 | 0 | 0 | 0 |
Change in actual and expected losses | 150 | 60 | 362 | 236 |
Transfer (to) from accretable yield | (150) | (60) | (362) | (236) |
Balance at end of period | 0 | 0 | 0 | 0 |
Consumer Loan [Member] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 0 | 0 | 0 | 0 |
Accretion Accretable | 155 | 73 | 369 | 268 |
Change in expected cash flow | 283 | 346 | 697 | 730 |
Transfer from (to) non-accretable discount | (128) | (273) | (328) | (462) |
Balance at end of period | 0 | 0 | 0 | 0 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Non Accretable Discount Movement Schedule [Roll Forward] | ||||
Balance at beginning of period | 200 | 14 | 235 | 8 |
Change in actual and expected losses | (160) | (55) | (395) | (238) |
Transfer (to) from accretable yield | 128 | 273 | 328 | 462 |
Balance at end of period | $ 168 | $ 232 | $ 168 | $ 232 |
Loans Receivable (Investment in
Loans Receivable (Investment in loans on non-accrual status) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 120,789 | $ 99,714 |
Originated Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 119,106 | 96,910 |
Originated Loan [Member] | Traditional loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 34,966 | 34,527 |
Originated Loan [Member] | Originated Up To The Year 2002 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,088 | 3,070 |
Originated Loan [Member] | Originated In The Years 2003 And 2004 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 6,587 | 6,380 |
Originated Loan [Member] | Originated In The Year 2005 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,727 | 3,280 |
Originated Loan [Member] | Originated In The Year 2006 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,778 | 5,905 |
Originated Loan [Member] | Originated In The Years 2007 2008 And 2009 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 7,717 | 7,984 |
Originated Loan [Member] | Originated In The Years 2010 2011 2012 2013 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 7,766 | 6,259 |
Originated Loan [Member] | Originated In Years 2014, 2015, 2016, 2017 and 2018 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,303 | 1,649 |
Originated Loan [Member] | NonTraditional Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,740 | 3,543 |
Originated Loan [Member] | Loss Mitigation Program [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 23,292 | 16,783 |
Originated Loan [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 42,807 | 35,253 |
Originated Loan [Member] | Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 33,436 | 25,950 |
Originated Loan [Member] | Institutional Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 10,155 | 118 |
Originated Loan [Member] | Retail Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 15,662 | 14,438 |
Originated Loan [Member] | Middle Market Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 7,619 | 11,394 |
Originated Loan [Member] | Other Commercial and Industrial[Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 9,371 | 9,303 |
Originated Loan [Member] | Middle Market Other Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 6,561 | 6,323 |
Originated Loan [Member] | Retail Other Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,759 | 2,929 |
Originated Loan [Member] | Floor Plan Other Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 51 | 51 |
Originated Loan [Member] | Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,116 | 2,572 |
Originated Loan [Member] | Credit Cards [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 602 | 1,227 |
Originated Loan [Member] | Overdrafts [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 31 |
Originated Loan [Member] | Unsecured personal lines of credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 80 | 102 |
Originated Loan [Member] | Unsecured personal loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,434 | 900 |
Originated Loan [Member] | Cash collateral personal loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 312 |
Originated Loan [Member] | Auto and Leasing [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 12,185 | 4,232 |
Acquired loans accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,683 | 2,804 |
Acquired loans accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 980 | 1,270 |
Acquired loans accounted for under ASC 310-20 [Member] | Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 953 | 1,047 |
Acquired loans accounted for under ASC 310-20 [Member] | Floor Plan Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 899 | 928 |
Acquired loans accounted for under ASC 310-20 [Member] | Retail Commercial Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 54 | 119 |
Acquired loans accounted for under ASC 310-20 [Member] | Other Commercial and Industrial[Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 27 | 223 |
Acquired loans accounted for under ASC 310-20 [Member] | Retail Other Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 25 | 221 |
Acquired loans accounted for under ASC 310-20 [Member] | Floor Plan Other Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2 | 2 |
Acquired loans accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 501 | 1,355 |
Acquired loans accounted for under ASC 310-20 [Member] | Credit Cards [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 443 | 1,310 |
Acquired loans accounted for under ASC 310-20 [Member] | Unsecured personal loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 58 | 45 |
Acquired loans accounted for under ASC 310-20 [Member] | Auto Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 202 | $ 179 |
Loans Receivable (Recorded Inve
Loans Receivable (Recorded Investment in loans individually evaluated for impairment) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | ||
Allowance for loan and lease losses | $ 165,742 | $ 167,509 |
Originated Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | 175,716 | 174,915 |
Recorded Investment | 154,011 | 156,941 |
Allowance for loan and lease losses | $ 18,227 | $ 19,694 |
Coverage | 0.12% | 0.13% |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 926 | $ 926 |
Recorded Investment | 747 | 747 |
Allowance for loan and lease losses | $ 4 | $ 20 |
Coverage | 0.01% | 0.03% |
Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 731,037 | $ 843,423 |
Recorded Investment | 713,484 | 818,303 |
Allowance for loan and lease losses | $ 43,875 | $ 45,755 |
Coverage | 0.06% | 0.06% |
Eurobank Acquired Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 123,317 | $ 139,246 |
Recorded Investment | 114,051 | 123,335 |
Allowance for loan and lease losses | $ 24,281 | $ 25,174 |
Coverage | 0.21% | 0.20% |
Commercial impaired loans with specific allowance [Member] | Originated Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 38,650 | $ 57,922 |
Recorded Investment | 33,379 | 52,585 |
Allowance for loan and lease losses | $ 7,607 | $ 10,573 |
Coverage | 0.23% | 0.20% |
Commercial impaired loans with specific allowance [Member] | Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 926 | $ 926 |
Recorded Investment | 747 | 747 |
Allowance for loan and lease losses | $ 4 | $ 20 |
Coverage | 0.01% | 0.03% |
Residential troubled-debt restructuring impaired loans with specific allowance [Member] | Originated Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 95,673 | $ 94,971 |
Recorded Investment | 85,119 | 85,403 |
Allowance for loan and lease losses | $ 10,620 | $ 9,121 |
Coverage | 0.12% | 0.11% |
Commercial impaired loans with no specific allowance financing receivable | Originated Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 41,393 | $ 22,022 |
Recorded Investment | $ 35,513 | $ 18,953 |
Coverage | 0.00% | 0.00% |
Commercial impaired loans with no specific allowance financing receivable | Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 0 | $ 0 |
Recorded Investment | $ 0 | $ 0 |
Coverage | 0.00% | 0.00% |
Mortgage impaired loan pool [Member] | Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 510,426 | $ 547,064 |
Recorded Investment | 503,860 | 532,052 |
Allowance for loan and lease losses | $ 15,258 | $ 14,085 |
Coverage | 0.03% | 0.03% |
Commercial impaired loan pool [Member] | Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 197,516 | $ 250,451 |
Recorded Investment | 189,164 | 241,124 |
Allowance for loan and lease losses | $ 22,256 | $ 23,691 |
Coverage | 0.12% | 0.10% |
Auto impaired loan pool. | Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 22,079 | $ 43,440 |
Recorded Investment | 20,364 | 43,696 |
Allowance for loan and lease losses | $ 6,343 | $ 7,961 |
Coverage | 0.31% | 0.18% |
Consumer impaired loan pool. | Acquired BBVAPR Accounted under ASC 310-30 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 1,016 | $ 2,468 |
Recorded Investment | 96 | 1,431 |
Allowance for loan and lease losses | $ 18 | $ 18 |
Coverage | 0.19% | 0.01% |
Consumer impaired loan pool. | Eurobank Acquired Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 13 | $ 15 |
Recorded Investment | 4 | 4 |
Allowance for loan and lease losses | $ 4 | $ 4 |
Coverage | 1.00% | 1.00% |
Loans secured by 1-4 family residential properties, covered [Member] | Eurobank Acquired Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 72,874 | $ 81,132 |
Recorded Investment | 64,785 | 69,538 |
Allowance for loan and lease losses | $ 15,155 | $ 15,187 |
Coverage | 0.23% | 0.22% |
Commercial and Other Construction Loan [Member] | Eurobank Acquired Loans | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal | $ 50,430 | $ 58,099 |
Recorded Investment | 49,262 | 53,793 |
Allowance for loan and lease losses | $ 9,122 | $ 9,983 |
Coverage | 0.19% | 0.19% |
Loans Receivable (Interest Inco
Loans Receivable (Interest Income Recognized in loans individually evaluated for impairment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loan [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Total Interest Income | $ 1,116 | $ 1,557 | $ 3,272 | $ 3,647 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Total Average Recorded Investment | 152,614 | 147,756 | 153,845 | 147,578 |
Originated Loans [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Total Interest Income | 1,116 | 1,557 | 3,272 | 3,647 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Total Average Recorded Investment | 151,867 | 147,005 | 153,098 | 146,768 |
Acquired loans accounted for under ASC 310-20 [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Total Interest Income | 0 | 0 | 0 | 0 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Total Average Recorded Investment | 0 | 0 | 0 | 0 |
Commercial Loan [Member] | Originated Loans [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Interest Income Accrual Method | 150 | 306 | 432 | 612 |
Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method | 271 | 675 | 812 | 1,350 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Average Recorded Investment | 35,765 | 24,178 | 44,691 | 17,298 |
Impaired Financing Receivable With No Related Allowance Average Recorded Investment | 31,315 | 36,133 | 23,736 | 41,519 |
Commercial Loan [Member] | Acquired loans accounted for under ASC 310-20 [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Interest Income Accrual Method | 0 | 0 | 0 | 0 |
Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method | 0 | 0 | 0 | 0 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Average Recorded Investment | 747 | 751 | 747 | 810 |
Impaired Financing Receivable With No Related Allowance Average Recorded Investment | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring [Member] | Originated Loans [Member] | ||||
Impaired Financing Receivable Interest Income Accrual Method [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Interest Income Accrual Method | 695 | 576 | 2,028 | 1,685 |
Impaired Financing Receivable Average Recorded Investment [Abstract] | ||||
Impaired Financing Receivable With Related Allowance Average Recorded Investment | $ 84,787 | $ 86,694 | $ 84,671 | $ 87,951 |
Loans Receivable (TDR Pre_Post
Loans Receivable (TDR Pre/Post Modifications) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)number | Sep. 30, 2017USD ($)number | Sep. 30, 2018USD ($)number | Sep. 30, 2017USD ($)number | |
Mortgage Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of contracts | number | 21 | 15 | 104 | 74 |
Financing Receivable Modifications Pre Modification Recorded Investment | $ 2,621 | $ 1,796 | $ 14,087 | $ 9,149 |
Pre Modification Weighted Average Rate | 5.42% | 6.18% | 5.61% | 6.27% |
Pre Modification Weighted Average Term | 373 months | 401 months | 382 months | 390 months |
Financing Receivable Modifications Post Modification Recorded Investment | $ 2,579 | $ 1,804 | $ 13,597 | $ 9,132 |
Post Modification Weighted Average Rate | 4.19% | 4.28% | 4.82% | 4.26% |
Post Modification Weighted Average Term | 344 months | 409 months | 344 months | 384 months |
Commercial Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of contracts | number | 5 | 2 | 13 | 20 |
Financing Receivable Modifications Pre Modification Recorded Investment | $ 3,007 | $ 154 | $ 10,341 | $ 3,527 |
Pre Modification Weighted Average Rate | 5.79% | 7.99% | 5.50% | 6.51% |
Pre Modification Weighted Average Term | 71 months | 53 months | 53 months | 55 months |
Financing Receivable Modifications Post Modification Recorded Investment | $ 3,002 | $ 154 | $ 10,332 | $ 3,528 |
Post Modification Weighted Average Rate | 5.10% | 8.45% | 5.74% | 5.55% |
Post Modification Weighted Average Term | 83 months | 51 months | 60 months | 66 months |
Consumer Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of contracts | number | 52 | 30 | 101 | 93 |
Financing Receivable Modifications Pre Modification Recorded Investment | $ 758 | $ 383 | $ 1,469 | $ 1,262 |
Pre Modification Weighted Average Rate | 15.06% | 11.52% | 15.58% | 11.87% |
Pre Modification Weighted Average Term | 66 months | 61 months | 59 months | 64 months |
Financing Receivable Modifications Post Modification Recorded Investment | $ 765 | $ 383 | $ 1,477 | $ 1,301 |
Post Modification Weighted Average Rate | 12.04% | 11.21% | 11.51% | 10.79% |
Post Modification Weighted Average Term | 73 months | 68 months | 72 months | 70 months |
Auto Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of contracts | number | 2 | 2 | 2 | 9 |
Financing Receivable Modifications Pre Modification Recorded Investment | $ 40 | $ 23 | $ 40 | $ 134 |
Pre Modification Weighted Average Rate | 10.28% | 6.42% | 10.28% | 7.24% |
Pre Modification Weighted Average Term | 37 months | 63 months | 37 months | 66 months |
Financing Receivable Modifications Post Modification Recorded Investment | $ 40 | $ 23 | $ 40 | $ 135 |
Post Modification Weighted Average Rate | 10.28% | 8.13% | 10.28% | 11.75% |
Post Modification Weighted Average Term | 37 months | 31 months | 37 months | 37 months |
Loans Receivable (Troubled debt
Loans Receivable (Troubled debt restructurings, Rolling Twelve Months) (Details) $ in Thousands | 12 Months Ended | |
Sep. 30, 2018USD ($)number | Sep. 30, 2017USD ($)number | |
Mortgage Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | number | 19 | 28 |
Recored Investment | $ | $ 2,756 | $ 2,663 |
Commercial Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | number | 2 | 8 |
Recored Investment | $ | $ 281 | $ 868 |
Consumer Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | number | 11 | 22 |
Recored Investment | $ | $ 107 | $ 248 |
Auto [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | number | 0 | 0 |
Recored Investment | $ | $ 0 | $ 0 |
Loans Receivable (Credit Qualit
Loans Receivable (Credit Quality Indicator of loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | $ 4,502,187 | $ 4,204,871 |
Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 3,637,562 | 3,204,892 |
Commercial Secured [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 804,709 | 777,754 |
Pass | 675,231 | 665,664 |
Special Mention | 62,823 | 47,221 |
Substandard | 66,655 | 64,869 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Commercial Secured [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,258 | 1,440 |
Pass | 305 | 393 |
Special Mention | 0 | 0 |
Substandard | 953 | 1,047 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Corporate | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 306,372 | 235,426 |
Pass | 263,522 | 200,395 |
Special Mention | 26,887 | 33,094 |
Substandard | 15,963 | 1,937 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Institutional | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 72,372 | 44,766 |
Pass | 62,021 | 33,856 |
Special Mention | 0 | 0 |
Substandard | 10,351 | 10,910 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Middle Market | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 182,142 | 229,941 |
Pass | 133,506 | 196,058 |
Special Mention | 31,912 | 4,749 |
Substandard | 16,724 | 29,134 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 220,897 | 246,067 |
Pass | 194,554 | 215,121 |
Special Mention | 4,024 | 8,058 |
Substandard | 22,319 | 22,888 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 54 | 119 |
Pass | 0 | 0 |
Special Mention | 0 | 0 |
Substandard | 54 | 119 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Floor Plan | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 3,579 | 3,998 |
Pass | 2,281 | 2,678 |
Special Mention | 0 | 1,320 |
Substandard | 1,298 | 0 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Floor Plan | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,204 | 1,321 |
Pass | 305 | 393 |
Special Mention | 0 | 0 |
Substandard | 899 | 928 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Real Estate | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 19,347 | 17,556 |
Pass | 19,347 | 17,556 |
Special Mention | 0 | 0 |
Substandard | 0 | 0 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Other commercial and industrial [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 735,318 | 529,507 |
Pass | 677,215 | 496,138 |
Special Mention | 36,394 | 22,350 |
Substandard | 21,709 | 11,019 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Other commercial and industrial [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,520 | 2,940 |
Pass | 1,518 | 2,933 |
Special Mention | 0 | 0 |
Substandard | 2 | 7 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Corporate | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 163,766 | 170,015 |
Pass | 135,269 | 157,683 |
Special Mention | 28,497 | 12,332 |
Substandard | 0 | 0 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Institutional | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 143,886 | 125,591 |
Pass | 143,886 | 125,591 |
Special Mention | 0 | 0 |
Substandard | 0 | 0 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Middle Market | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 97,715 | 85,363 |
Pass | 74,204 | 71,222 |
Special Mention | 4,948 | 6,386 |
Substandard | 18,563 | 7,755 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 289,398 | 113,252 |
Pass | 286,090 | 109,477 |
Special Mention | 213 | 562 |
Substandard | 3,095 | 3,213 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,518 | 2,938 |
Pass | 1,518 | 2,933 |
Special Mention | 0 | 0 |
Substandard | 0 | 5 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Floor Plan | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 40,553 | 35,286 |
Pass | 37,766 | 32,165 |
Special Mention | 2,736 | 3,070 |
Substandard | 51 | 51 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Floor Plan | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 2 | 2 |
Pass | 0 | 0 |
Special Mention | 0 | 0 |
Substandard | 2 | 2 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Total Commercial subject to risk rating [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,540,027 | 1,307,261 |
Pass | 1,352,446 | 1,161,802 |
Special Mention | 99,217 | 69,571 |
Substandard | 88,364 | 75,888 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Total Commercial subject to risk rating [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 2,778 | 4,380 |
Pass | 1,823 | 3,326 |
Special Mention | 0 | 0 |
Substandard | 955 | 1,054 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 2,097,535 | 1,897,631 |
Pass | 2,011,485 | 1,823,998 |
Special Mention | 0 | 0 |
Substandard | 86,050 | 73,633 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Retail [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 32,408 | 50,884 |
Pass | 31,705 | 49,348 |
Special Mention | 0 | 0 |
Substandard | 703 | 1,536 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Mortgage Loan [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 667,224 | 683,607 |
Pass | 595,218 | 616,110 |
Special Mention | 0 | 0 |
Substandard | 72,006 | 67,497 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Conventional Loan [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 531,551 | 553,533 |
Pass | 496,407 | 516,770 |
Special Mention | 0 | 0 |
Substandard | 35,144 | 36,763 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
NonTraditional Mortgage [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 14,699 | 18,270 |
Pass | 11,959 | 14,727 |
Special Mention | 0 | 0 |
Substandard | 2,740 | 3,543 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Loss Mitigation Program [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 107,397 | 103,280 |
Pass | 86,600 | 84,357 |
Special Mention | 0 | 0 |
Substandard | 20,797 | 18,923 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Home equity secured personal loans [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 252 | 256 |
Pass | 252 | 256 |
Special Mention | 0 | 0 |
Substandard | 0 | 0 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Option on Loans | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 13,325 | 8,268 |
Pass | 0 | 0 |
Special Mention | 0 | 0 |
Substandard | 13,325 | 8,268 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Consumer Loan [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 345,399 | 330,039 |
Pass | 343,503 | 328,135 |
Special Mention | 0 | 0 |
Substandard | 1,896 | 1,904 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Consumer Loan [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 24,914 | 28,915 |
Pass | 24,413 | 27,558 |
Special Mention | 0 | 0 |
Substandard | 501 | 1,357 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Credit Cards [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 27,724 | 28,430 |
Pass | 27,122 | 27,203 |
Special Mention | 0 | 0 |
Substandard | 602 | 1,227 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Credit Cards [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 22,612 | 26,467 |
Pass | 22,169 | 25,156 |
Special Mention | 0 | 0 |
Substandard | 443 | 1,311 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Overdrafts [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 156 | 214 |
Pass | 129 | 158 |
Special Mention | 0 | 0 |
Substandard | 27 | 56 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Unsecured personal lines of credit [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,936 | 2,220 |
Pass | 1,865 | 2,133 |
Special Mention | 0 | 0 |
Substandard | 71 | 87 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Unsecured personal loans [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 299,530 | 284,477 |
Pass | 298,334 | 284,255 |
Special Mention | 0 | 0 |
Substandard | 1,196 | 222 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Cash collateral personal loans [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 16,053 | 14,698 |
Pass | 16,053 | 14,386 |
Special Mention | 0 | 0 |
Substandard | 0 | 312 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Personal loans [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 2,302 | 2,448 |
Pass | 2,244 | 2,402 |
Special Mention | 0 | 0 |
Substandard | 58 | 46 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Auto and Leasing [Member] | Originated Loan [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 1,084,912 | 883,985 |
Pass | 1,072,764 | 879,753 |
Special Mention | 0 | 0 |
Substandard | 12,148 | 4,232 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Auto Loan [Member] | Acquired loans (under ASC 310-20) [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 7,494 | 21,969 |
Pass | 7,292 | 21,790 |
Special Mention | 0 | 0 |
Substandard | 202 | 179 |
Doubtful | 0 | 0 |
Loss | 0 | 0 |
Total Commercial and Retail Loans Subject To Risk Rating Member [Member] | ||
Credit Quality Indicators [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | 3,672,748 | 3,260,156 |
Pass | 3,397,459 | 3,038,474 |
Special Mention | 99,217 | 69,571 |
Substandard | 176,072 | 152,111 |
Doubtful | 0 | 0 |
Loss | $ 0 | $ 0 |
Loans Receivable (Risk category
Loans Receivable (Risk category of gross loans not subject to risk rating ) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Not Subject To Risk Rating [Line Items] | ||
Loans and Leases Receivable, Gross, Carrying Amount | $ 4,502,187 | $ 4,204,871 |
Financing Receivable, Individually Evaluated for Impairment | $ 69,639 | $ 72,285 |
Allowance for Loan and Lease _3
Allowance for Loan and Lease Losses (Composition of the Company's allowance for loan and lease losses) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | $ 165,742 | $ 167,509 |
Acquired BBVAPR loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 46,225 | 49,617 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 2,350 | 3,862 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 17 | 42 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 2,140 | 3,225 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auto Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 193 | 595 |
Acquired BBVAPR accounted under ASC 310-30 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 43,875 | 45,755 |
Acquired BBVAPR accounted under ASC 310-30 [Member] | Mortgage Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 15,258 | 14,085 |
Acquired BBVAPR accounted under ASC 310-30 [Member] | Commercial Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 22,256 | 23,691 |
Acquired BBVAPR accounted under ASC 310-30 [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 18 | 18 |
Acquired BBVAPR accounted under ASC 310-30 [Member] | Auto Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 6,343 | 7,961 |
Eurobank Acquired Loans | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 24,281 | 25,174 |
Originated Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 95,236 | 92,718 |
Originated Loan [Member] | Mortgage Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 19,545 | 20,439 |
Originated Loan [Member] | Commercial Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 32,491 | 30,258 |
Originated Loan [Member] | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 15,715 | 16,454 |
Originated Loan [Member] | Auto and Leasing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 27,485 | 25,567 |
Originated Loan [Member] | Unallocated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 0 | 0 |
Acquired loans [Member] | Eurobank Acquired Loans | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 24,281 | 25,174 |
Acquired loans [Member] | Eurobank Acquired Loans | Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 4 | 4 |
Acquired loans [Member] | Eurobank Acquired Loans | Loans secured by 1-4 family residential properties, covered [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | 15,155 | 15,187 |
Acquired loans [Member] | Eurobank Acquired Loans | Commercial and Other Construction Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan and lease losses | $ 9,122 | $ 9,983 |
Allowance for Loan and Lease _4
Allowance for Loan and Lease Losses (Allowance for loan and lease losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Provision For Loan And Lease Losses | $ 14,601 | $ 44,042 | $ 44,808 | $ 88,232 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 2,726 | 3,348 | 3,862 | 4,300 |
Charge-offs | 711 | 933 | 2,371 | 3,204 |
Recoveries | 267 | 236 | 902 | 1,649 |
Provision For Loan And Lease Losses | 68 | 712 | (43) | 618 |
Balance at end of period | 2,350 | 3,363 | 2,350 | 3,363 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 86 | 41 | 42 | 169 |
Charge-offs | 1 | 0 | 6 | 132 |
Recoveries | 3 | 1 | 18 | 6 |
Provision For Loan And Lease Losses | (71) | (1) | (37) | (2) |
Balance at end of period | 17 | 41 | 17 | 41 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 2,357 | 2,623 | 3,225 | 3,028 |
Charge-offs | 638 | 711 | 2,080 | 2,367 |
Recoveries | 95 | 33 | 243 | 392 |
Provision For Loan And Lease Losses | 326 | 646 | 752 | 1,538 |
Balance at end of period | 2,140 | 2,591 | 2,140 | 2,591 |
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auto Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 283 | 684 | 595 | 1,103 |
Charge-offs | 72 | 222 | 285 | 705 |
Recoveries | 169 | 202 | 641 | 1,251 |
Provision For Loan And Lease Losses | (187) | 67 | (758) | (918) |
Balance at end of period | 193 | 731 | 193 | 731 |
Originated Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 94,218 | 69,666 | 92,718 | 59,300 |
Charge-offs | 18,380 | 15,372 | 55,403 | 48,317 |
Recoveries | 5,978 | 3,557 | 16,702 | 12,315 |
Provision For Loan And Lease Losses | 13,420 | 29,690 | 41,219 | 64,243 |
Balance at end of period | 95,236 | 87,541 | 95,236 | 87,541 |
Originated Loan [Member] | Mortgage Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 19,323 | 18,664 | 20,439 | 17,344 |
Charge-offs | 1,429 | 834 | 3,727 | 5,375 |
Recoveries | 139 | 341 | 919 | 458 |
Provision For Loan And Lease Losses | 1,512 | 4,137 | 1,914 | 9,881 |
Balance at end of period | 19,545 | 22,308 | 19,545 | 22,308 |
Originated Loan [Member] | Commercial Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 31,480 | 17,279 | 30,258 | 8,995 |
Charge-offs | 3,249 | 727 | 6,396 | 6,424 |
Recoveries | 119 | 654 | 528 | 880 |
Provision For Loan And Lease Losses | 4,141 | 7,072 | 8,101 | 20,827 |
Balance at end of period | 32,491 | 24,278 | 32,491 | 24,278 |
Originated Loan [Member] | Consumer Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 16,192 | 14,981 | 16,454 | 13,067 |
Charge-offs | 4,591 | 4,424 | 13,438 | 11,792 |
Recoveries | 278 | 168 | 757 | 1,113 |
Provision For Loan And Lease Losses | 3,836 | 5,068 | 11,942 | 13,405 |
Balance at end of period | 15,715 | 15,793 | 15,715 | 15,793 |
Originated Loan [Member] | Auto and Leasing | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 27,223 | 18,742 | 25,567 | 19,463 |
Charge-offs | 9,111 | 9,387 | 31,842 | 24,726 |
Recoveries | 5,442 | 2,394 | 14,498 | 9,864 |
Provision For Loan And Lease Losses | 3,931 | 13,413 | 19,262 | 20,561 |
Balance at end of period | 27,485 | 25,162 | 27,485 | 25,162 |
Originated Loan [Member] | Unallocated Financing Receivables | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 0 | 0 | 431 | |
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision For Loan And Lease Losses | 0 | (431) | ||
Balance at end of period | 0 | 0 | ||
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 44,176 | 37,494 | 45,755 | 31,056 |
Provision For Loan And Lease Losses | 807 | 11,099 | 2,528 | 18,798 |
Allowance de-recognition from new policy | (1,108) | (8,483) | (4,408) | (9,744) |
Balance at end of period | 43,875 | 40,110 | 43,875 | 40,110 |
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Mortgage Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 14,567 | 4,141 | 14,085 | 2,682 |
Provision For Loan And Lease Losses | 746 | 4,790 | 1,296 | 6,345 |
Allowance de-recognition from new policy | (55) | 0 | (123) | (96) |
Balance at end of period | 15,258 | 8,931 | 15,258 | 8,931 |
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Commercial Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 23,019 | 25,614 | 23,691 | 23,452 |
Provision For Loan And Lease Losses | 61 | 6,810 | 2,119 | 9,768 |
Allowance de-recognition from new policy | (824) | (8,483) | (3,554) | (9,279) |
Balance at end of period | 22,256 | 23,941 | 22,256 | 23,941 |
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Consumer Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 18 | 18 | ||
Provision For Loan And Lease Losses | 0 | 0 | ||
Allowance de-recognition from new policy | 0 | 0 | ||
Balance at end of period | 18 | 18 | ||
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Auto Loan [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Balance at beginning of period | 6,572 | 7,739 | 7,961 | 4,922 |
Provision For Loan And Lease Losses | 0 | (501) | (887) | 2,685 |
Allowance de-recognition from new policy | (229) | 0 | (731) | (369) |
Balance at end of period | $ 6,343 | $ 7,238 | $ 6,343 | $ 7,238 |
Allowance for Loan and Lease _5
Allowance for Loan and Lease Losses (Gross Loan and Allowance for loan and lease losses) (Details) - USD ($) | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable, Individually Evaluated for Impairment | $ 69,639,000 | $ 72,285,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 4,502,187,000 | 4,204,871,000 | ||||
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 4,000 | 20,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 2,346,000 | 3,842,000 | ||||
Financing Receivable, Allowance for Credit Losses | 2,350,000 | $ 2,726,000 | 3,862,000 | $ 3,363,000 | $ 3,348,000 | $ 4,300,000 |
Financing Receivable, Individually Evaluated for Impairment | 747,000 | 747,000 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 34,439,000 | 54,517,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 35,186,000 | 55,264,000 | ||||
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 4,000 | 20,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 13,000 | 22,000 | ||||
Financing Receivable, Allowance for Credit Losses | 17,000 | 86,000 | 42,000 | 41,000 | 41,000 | 169,000 |
Financing Receivable, Individually Evaluated for Impairment | 747,000 | 747,000 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 2,031,000 | 3,633,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 2,778,000 | 4,380,000 | ||||
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 2,140,000 | 3,225,000 | ||||
Financing Receivable, Allowance for Credit Losses | 2,140,000 | 2,357,000 | 3,225,000 | 2,591,000 | 2,623,000 | 3,028,000 |
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 24,914,000 | 28,915,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 24,914,000 | 28,915,000 | ||||
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auotomobile Loans Portfolio Segment | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 193,000 | 595,000 | ||||
Financing Receivable, Allowance for Credit Losses | 193,000 | 595,000 | 731,000 | 684,000 | 1,103,000 | |
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 7,494,000 | 21,969,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 7,494,000 | 21,969,000 | ||||
Acquired BBVAPR accounted under ASC 310-30 [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 714,497,000 | 820,272,000 | ||||
Acquired BBVAPR accounted under ASC 310-30 [Member] | Mortgage Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 503,861,000 | 532,053,000 | ||||
Acquired BBVAPR accounted under ASC 310-30 [Member] | Commercial Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 190,178,000 | 243,092,000 | ||||
Acquired BBVAPR accounted under ASC 310-30 [Member] | Consumer Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Loans and Leases Receivable, Gross, Carrying Amount | 95,000 | 1,431,000 | ||||
Originated Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 18,227,000 | 19,694,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 77,009,000 | 73,024,000 | ||||
Financing Receivable, Allowance for Credit Losses | 95,236,000 | 94,218,000 | 92,718,000 | 87,541,000 | 69,666,000 | 59,300,000 |
Financing Receivable, Individually Evaluated for Impairment | 154,011,000 | 156,941,000 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 3,483,551,000 | 3,047,951,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 3,637,562,000 | 3,204,892,000 | ||||
Originated Loan [Member] | Mortgage Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 10,620,000 | 9,121,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 8,925,000 | 11,318,000 | ||||
Financing Receivable, Allowance for Credit Losses | 19,545,000 | 19,323,000 | 20,439,000 | 22,308,000 | 18,664,000 | 17,344,000 |
Financing Receivable, Individually Evaluated for Impairment | 85,119,000 | 85,403,000 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 582,105,000 | 598,204,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 667,224,000 | 683,607,000 | ||||
Originated Loan [Member] | Commercial Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 7,607,000 | 10,573,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 24,884,000 | 19,685,000 | ||||
Financing Receivable, Allowance for Credit Losses | 32,491,000 | 31,480,000 | 30,258,000 | 24,278,000 | 17,279,000 | 8,995,000 |
Financing Receivable, Individually Evaluated for Impairment | 68,892,000 | 71,538,000 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,471,135,000 | 1,235,723,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 1,540,027,000 | 1,307,261,000 | ||||
Originated Loan [Member] | Consumer Loan [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 15,715,000 | 16,454,000 | ||||
Financing Receivable, Allowance for Credit Losses | 15,715,000 | 16,192,000 | 16,454,000 | 15,793,000 | 14,981,000 | 13,067,000 |
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 345,399,000 | 330,039,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | 345,399,000 | 330,039,000 | ||||
Originated Loan [Member] | Auto and Leasing [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 27,485,000 | 25,567,000 | ||||
Financing Receivable, Allowance for Credit Losses | 27,485,000 | $ 27,223,000 | 25,567,000 | 25,162,000 | 18,742,000 | 19,463,000 |
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,084,912,000 | 883,985,000 | ||||
Loans and Leases Receivable, Gross, Carrying Amount | $ 1,084,912,000 | 883,985,000 | ||||
Originated Loan [Member] | Unallocated Financing Receivables | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 | 0 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 0 | |||||
Financing Receivable, Allowance for Credit Losses | 0 | $ 0 | $ 0 | $ 431,000 | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 0 | |||||
Loans and Leases Receivable, Gross, Carrying Amount | $ 0 |
Allowance for Loan and Lease _6
Allowance for Loan and Lease Losses (Allowance for Acquired Eurobank Loan and Lease Losses) (Details) - Eurobank Acquired Loans - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loan Receivable Type | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Balance at beginning of period | $ 24,314 | $ 21,786 | $ 25,174 | $ 21,281 |
Provision for loan and lease losses, net | 306 | 2,541 | 1,110 | 4,573 |
Allowance de-recognition from new policy | (339) | (1,182) | (2,003) | (2,709) |
Balance at end of period | 24,281 | 23,145 | 24,281 | 23,145 |
Loans secured by 1-4 family residential properties, covered [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Balance at beginning of period | 15,170 | 13,651 | 15,187 | 11,947 |
Provision for loan and lease losses, net | 231 | 1,139 | 1,015 | 4,011 |
Allowance de-recognition from new policy | (246) | (571) | (1,047) | (1,739) |
Balance at end of period | 15,155 | 14,219 | 15,155 | 14,219 |
Commercial | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Balance at beginning of period | 9,140 | 8,131 | 9,983 | 9,328 |
Provision for loan and lease losses, net | 75 | 1,402 | 95 | 562 |
Allowance de-recognition from new policy | (93) | (611) | (956) | (968) |
Balance at end of period | 9,122 | 8,922 | 9,122 | 8,922 |
Consumer Loan [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Balance at beginning of period | 4 | 4 | 4 | 6 |
Provision for loan and lease losses, net | 0 | 0 | 0 | 0 |
Allowance de-recognition from new policy | 0 | 0 | 0 | (2) |
Balance at end of period | $ 4 | $ 4 | $ 4 | $ 4 |
FDIC Indemnification Indemnific
FDIC Indemnification Indemnification Asset and True-up Payment Obligation (Narrative) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
FDIC-Assisted Acquisition [Abstract] | ||
(Repayment to) reimbursement to the FDIC for the termination of shared-loss agreements | $ 0 | $ (10,125) |
FDIC Indemnification Asset an_2
FDIC Indemnification Asset and True-up Payment Obligation (FDIC Indemnification Asset Roll Forward) (Details) $ in Thousands | Sep. 30, 2018USD ($) |
FDIC Indemnification Asset [Roll Forward] | |
Balance | $ 0 |
Balance | $ 0 |
FDIC Indemnification Asset an_3
FDIC Indemnification Asset and True-up Payment Obligation (FDIC Indemnification Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Fdic Shared Loss Expense [Abstract] | ||||
FDIC shared-loss expense, net | $ 0 | $ 0 | $ 0 | $ 1,403 |
Foreclosed Real Estate (Rollfor
Foreclosed Real Estate (Rollforward) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Other Real Estate Owned Rollforward [Line Items] | ||||
Foreclosed real estate beginning balance | $ 40,551 | $ 50,223 | $ 44,174 | $ 47,520 |
Other Real Estate Owned Write Downs | (905) | (1,612) | (3,829) | (5,591) |
Other Real Estate Owned Additions | 4,951 | 4,269 | 15,085 | 21,145 |
Other Real Estate Owned Sales | (6,729) | (5,514) | (17,562) | (15,511) |
Other Real Estate Owned Other Adjustments | (91) | 0 | (288) | |
Foreclosed real estate ending balance | 37,868 | 47,275 | 37,868 | 47,275 |
Originated Loans [Member] | ||||
Other Real Estate Owned Rollforward [Line Items] | ||||
Foreclosed real estate beginning balance | 12,186 | 15,842 | 14,283 | 12,389 |
Other Real Estate Owned Write Downs | (359) | (592) | (1,017) | (1,672) |
Other Real Estate Owned Additions | 1,547 | 1,482 | 4,816 | 9,338 |
Other Real Estate Owned Sales | (3,080) | (1,996) | (7,788) | (5,235) |
Other Real Estate Owned Other Adjustments | (59) | 0 | (143) | |
Foreclosed real estate ending balance | 10,294 | 14,677 | 10,294 | 14,677 |
Acquired BBVAPR loans [Member] | ||||
Other Real Estate Owned Rollforward [Line Items] | ||||
Foreclosed real estate beginning balance | 17,492 | 21,671 | 18,347 | 21,379 |
Other Real Estate Owned Write Downs | (244) | (680) | (1,758) | (2,309) |
Other Real Estate Owned Additions | 2,476 | 2,122 | 7,401 | 9,210 |
Other Real Estate Owned Sales | (2,680) | (2,410) | (6,946) | (7,464) |
Other Real Estate Owned Other Adjustments | (32) | 0 | (145) | |
Foreclosed real estate ending balance | 17,044 | 20,671 | 17,044 | 20,671 |
Eurobank [Member] | ||||
Other Real Estate Owned Rollforward [Line Items] | ||||
Foreclosed real estate beginning balance | 10,873 | 12,710 | 11,544 | 13,752 |
Other Real Estate Owned Write Downs | (302) | (340) | (1,054) | (1,610) |
Other Real Estate Owned Additions | 928 | 665 | 2,868 | 2,597 |
Other Real Estate Owned Sales | (969) | (1,108) | (2,828) | (2,812) |
Other Real Estate Owned Other Adjustments | 0 | 0 | 0 | |
Foreclosed real estate ending balance | $ 10,530 | $ 11,927 | $ 10,530 | $ 11,927 |
Premises and Equipment (Details
Premises and Equipment (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property Plant And Equipment Line Items | ||
Total Premises and Equipment, net | $ 67,762 | $ 67,860 |
Servicing Assets (Narratives) (
Servicing Assets (Narratives) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Servicing Assets At Fair Value Line Items | |||||
Servicing Asset at Fair Value, Amount | $ 10,866 | $ 10,866 | $ 9,821 | ||
Servicing and other loan fees | $ 334 | $ 771 | $ 1,554 | $ 1,560 |
Servicing Assets (Changes in se
Servicing Assets (Changes in serving rights at fair value) (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Servicing Asset At Fair Value Amount Roll Forward | |
Fair value | $ 9,821 |
Fair value | $ 10,866 |
Derivative Activities (Narrativ
Derivative Activities (Narratives) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Unrealized Gain Loss On Derivatives | $ 643 | $ 510 |
Derivative Assets | 1,265 | 771 |
Derivative Liabilities | 622 | 1,281 |
Derivative, Notional Amount | 151,400 | 152,600 |
Interest Rate Cap [Member] | ||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Derivative Assets | 395 | 153 |
Derivative Liabilities | 395 | 153 |
Derivative, Notional Amount | 151,400 | 152,600 |
Designated as Hedging Instrument [Member] | ||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Derivative Assets | 643 | 0 |
Derivative Liabilities | 0 | 510 |
Not Designated as Hedging Instrument [Member] | ||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Derivative Assets | 227 | 618 |
Derivative Liabilities | 227 | 618 |
Other derivative | ||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Derivative Liabilities | $ 0 | $ 0 |
Derivative Activities (Derivati
Derivative Activities (Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Derivative Assets (Liabilities) at Fair Value | ||
Derivative Assets | $ 1,265 | $ 771 |
Derivative Liabilities | 622 | 1,281 |
Designated as Hedging Instrument [Member] | ||
Derivative Assets (Liabilities) at Fair Value | ||
Derivative Assets | 643 | 0 |
Derivative Liabilities | 0 | 510 |
Not Designated as Hedging Instrument [Member] | ||
Derivative Assets (Liabilities) at Fair Value | ||
Derivative Assets | 227 | 618 |
Derivative Liabilities | 227 | 618 |
Interest Rate Cap [Member] | ||
Derivative Assets (Liabilities) at Fair Value | ||
Derivative Assets | 395 | 153 |
Derivative Liabilities | 395 | 153 |
Other derivative | ||
Derivative Assets (Liabilities) at Fair Value | ||
Derivative Liabilities | $ 0 | $ 0 |
Derivative Activities (Interest
Derivative Activities (Interest rate swap and their term) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Derivative [Line Items] | ||
Notional Amount | $ 151,400 | $ 152,600 |
Interest rate swap designated as cash flow hedges - 1 Month LIBOR | ||
Derivative [Line Items] | ||
Notional Amount | 33,964 | |
Interest rate swap designated as cash flow hedges - 1 Month LIBOR | Rate 2.4210% [Member] | ||
Derivative [Line Items] | ||
Notional Amount | $ 33,964 | |
Fixed rate | 0.02421% | |
Trade Date | Jul. 3, 2013 | |
Settlement Date | Jul. 3, 2013 | |
Maturity Date | Aug. 1, 2023 |
Derivative Activities (Intere_2
Derivative Activities (Interest rate swap not designated as hedging instruments and their term) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Derivative [Line Items] | ||
Notional derivative not designated as an hedging instrument. | $ 151,400 | $ 152,600 |
Derivatives Offered to Clients - 1 Month LIBOR [Member] | Rate 5.51% [Member] | ||
Derivative [Line Items] | ||
Notional derivative not designated as an hedging instrument. | $ 12,500 | |
Fixed rate | 5.505% | |
Settlement Date | Apr. 11, 2009 | |
Maturity Date | Apr. 11, 2019 | |
Mirror Image Derivatives - 1 Month LIBOR [Member] | Rate 5.51% [Member] | ||
Derivative [Line Items] | ||
Notional derivative not designated as an hedging instrument. | $ 12,500 | |
Fixed rate | 5.505% | |
Settlement Date | Apr. 11, 2009 | |
Maturity Date | Apr. 11, 2019 |
Accrued Interest and Other Asse
Accrued Interest and Other Assets (Narratives) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other assets [Line Items] | ||
Other prepaid expenses | $ 12,762 | $ 9,200 |
Prepaid Taxes | 7,300 | 5,700 |
Core deposit intangible | 2,700 | 3,300 |
Other repossessed assets | 4,146 | 3,548 |
Mortgage tax credits | 2,277 | 4,277 |
Customer Relationships Intangible [Member] | ||
Other assets [Line Items] | ||
Core deposit intangible | $ 1,000 | $ 1,400 |
Accrued Interest Receivable a_3
Accrued Interest Receivable and Other Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts Receivable Net Abstract | ||
Accrued Interest Receivable On Non Acquired Loans | $ 29,671 | $ 46,936 |
Accrued Investment Income Receivable | 3,781 | 3,033 |
Total Interest Receivable | $ 33,452 | $ 49,969 |
Accrued Interest and Other As_2
Accrued Interest and Other Assets (Other assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other asset | ||
Other prepaid expenses | $ 12,762 | $ 9,200 |
Other repossessed assets | 4,146 | 3,548 |
Core deposit intangible and customer relationship intangibles | 3,697 | 4,687 |
Mortgage tax credits | 2,277 | 4,277 |
Investment in Statutory Trust | 1,083 | 1,083 |
Accounts receivable and other assets | 37,951 | 41,898 |
Other assets | $ 61,916 | $ 64,693 |
Deposits and Related Interest_2
Deposits and Related Interest (Narratives) (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Weighted Average Rate Domestic Deposit | 0.65% | 0.65% |
Time Deposits, $250,000 or More | $ 367,800,000 | $ 359,600,000 |
Public Fund Time Deposits, $250,000 or more | $ 43,700,000 | $ 3,500,000 |
Public Fund Time Deposits Weighted Average Rate, $250,000 or more | 0.54% | 0.28% |
Public funds deposit | $ 285,000,000 | $ 153,100,000 |
Public Fund Collateral Investments | 265,100,000 | 173,000,000 |
Accrued Interest, Time Deposits | 2,600,000 | |
Bank Overdrafts | 360,000 | 2,200,000 |
Brokered Certificates of Deposits | 503,500,000 | 471,600,000 |
Brokered Money Market Deposit | $ 27,300,000 | $ 46,900,000 |
Deposits and Related Interest_3
Deposits and Related Interest (Deposits by Components) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits, by Component, Alternative [Abstract] | ||
Noninterest-bearing demand deposit | $ 1,107,567 | $ 969,525 |
Interest-bearing saving and demand deposits | 2,412,690 | 2,274,116 |
Individual Retirement Account | 204,715 | 231,376 |
Retail certificates of deposists | 610,118 | 595,983 |
Institutional certificates of deposits | 223,025 | 209,951 |
Total Core Deposits | 4,558,115 | 4,280,951 |
Brokered Deposists | 530,878 | 518,531 |
Deposits, Total | $ 5,088,993 | $ 4,799,482 |
Deposits and Related Interest_4
Deposits and Related Interest (Interest expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest Expense Domestic Deposit Liabilities [Abstract] | ||||
Demand and saving deposits | $ 3,157 | $ 2,715 | $ 8,924 | $ 8,563 |
Certificates of Deposits | 5,448 | 4,886 | 14,630 | 14,043 |
Total | $ 8,605 | $ 7,601 | $ 23,554 | $ 22,606 |
Deposits and Related Interest_5
Deposits and Related Interest (Maturities of Time Deposits) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Maturities of Time Deposits [Abstract] | ||
Time Deposit Maturities Less Than Three Month | $ 239,716 | $ 316,382 |
Time Deposit Maturities Three To Twelve Month | 578,308 | 508,285 |
Total Time deposits | 818,024 | 824,667 |
Time Deposit Maturities, Year Two | 506,842 | 470,670 |
Time Deposit Maturities, Year Three | 137,738 | 137,016 |
Time Deposit Maturities, Year Four | 31,088 | 36,125 |
Time Deposit Maturities, Year Five | 45,100 | 38,623 |
Certificates of deposit | $ 1,538,792 | $ 1,507,101 |
Borrowings and Related Intere_3
Borrowings and Related Interest(Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Mar. 31, 2018 | Dec. 31, 2017 | |
Debt Instrument [Line Items] | ||||||
Other borrowings | $ 192 | $ 192 | $ 153 | |||
Subordinated Debt | 36,083 | 36,083 | 36,083 | |||
Gains Losses On Extinguishment Of Debt | 0 | $ 0 | 0 | $ (80) | ||
Federal Home Loan Bank Advances [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Loans pledged as collateral to secure FHLB advances | 905,300 | 905,300 | 1,300,000 | |||
Additional Borrowing Capacity | $ 830,700 | 830,700 | 920,000 | |||
Weighted average period remaining maturity of FHLB advances | 26.2 months | 3.2 months | ||||
Interest Payable | $ 153 | $ 153 | ||||
Minimum amount of qualifying collateral | 110.00% | 110.00% | ||||
Repurchase agreement | ||||||
Debt Instrument [Line Items] | ||||||
Interest Payable | $ 429 | $ 429 | $ 369 |
Borrowings (Securities Sold Und
Borrowings (Securities Sold Under Agreement to Repurchase by Counterparties) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Instrument [Line Items] | ||
Borrowings | $ 488,043 | $ 328,748 |
Securities Sold under Agreements to Repurchase [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 377,808 | 192,500 |
Fair Value of Underlying Collateral | 402,225 | 205,483 |
Securities Sold under Agreements to Repurchase [Member] | JP Morgan Chase Bank NA [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 130,000 | 82,500 |
Fair Value of Underlying Collateral | 140,364 | 88,974 |
Securities Sold under Agreements to Repurchase [Member] | FHLB [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 110,000 | 110,000 |
Fair Value of Underlying Collateral | 116,432 | 116,509 |
Securities Sold under Agreements to Repurchase [Member] | Nomura Securities International, Inc [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 53,294 | 0 |
Fair Value of Underlying Collateral | 56,199 | 0 |
Securities Sold under Agreements to Repurchase [Member] | Citigroup Global Markets Inc.[Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 39,989 | 0 |
Fair Value of Underlying Collateral | 42,524 | 0 |
Securities Sold under Agreements to Repurchase [Member] | JVB Financial Group, LLC [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 32,525 | 0 |
Fair Value of Underlying Collateral | 34,116 | $ 0 |
Securities Sold under Agreements to Repurchase [Member] | South Street Securities, LLC [Member] | ||
Debt Instrument [Line Items] | ||
Borrowings | 12,000 | |
Fair Value of Underlying Collateral | $ 12,590 |
Borrowings (Repurchase Agreemen
Borrowings (Repurchase Agreements) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 488,043 | $ 328,748 |
Securities Sold under Agreements to Repurchase [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 377,808 | $ 192,500 |
Weighted Average Coupon | 2.31% | |
Securities Sold under Agreements to Repurchase [Member] | Due Date: 10 02 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 39,989 | |
Weighted Average Coupon | 2.30% | |
Settlement Date | Sep. 18, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Oct. 2, 2018 | |
Securities Sold under Agreements to Repurchase [Member] | Due date: 10 10 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 32,525 | |
Weighted Average Coupon | 2.19% | |
Settlement Date | Sep. 10, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Oct. 10, 2018 | |
Securities Sold under Agreements to Repurchase [Member] | Due date 10 15 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 12,000 | |
Weighted Average Coupon | 2.40% | |
Settlement Date | Sep. 25, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Oct. 15, 2018 | |
Securities Sold under Agreements to Repurchase [Member] | Due date 10 25 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 53,294 | |
Weighted Average Coupon | 2.45% | |
Settlement Date | Sep. 24, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Oct. 25, 2018 | |
Securities Sold under Agreements to Repurchase [Member] | Due date 07 06 2020 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 50,000 | |
Weighted Average Coupon | 2.86% | |
Settlement Date | Jul. 6, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Jul. 6, 2020 | |
Securities Sold under Agreements to Repurchase [Member] | Due date: 09 03 2019 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 50,000 | |
Weighted Average Coupon | 1.72% | |
Settlement Date | Mar. 2, 2017 | |
Investment Repurchase Agreement, Repurchase Date | Sep. 3, 2019 | |
Securities Sold under Agreements to Repurchase [Member] | Due Date: 3/2/2020 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 60,000 | |
Weighted Average Coupon | 1.85% | |
Settlement Date | Mar. 2, 2017 | |
Investment Repurchase Agreement, Repurchase Date | Mar. 2, 2020 | |
Securities Sold under Agreements to Repurchase [Member] | Due Date: 3/15/2020 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 50,000 | |
Weighted Average Coupon | 2.61% | |
Settlement Date | Mar. 15, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Mar. 15, 2020 | |
Securities Sold under Agreements to Repurchase [Member] | Due Date: 3/23/2020 [Member] | ||
Debt Instrument [Line Items] | ||
Borrowing Balance | $ 30,000 | |
Weighted Average Coupon | 2.70% | |
Settlement Date | Mar. 23, 2018 | |
Investment Repurchase Agreement, Repurchase Date | Mar. 23, 2020 |
Borrowings (Repurchase Transact
Borrowings (Repurchase Transaction Liability and Market Value of its Underlying Collateral) (Details) - Securities Sold under Agreements to Repurchase [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial Instruments Owned And Pledged As Collateral Type [Domain] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Assets Sold Under Agreements To Repurchase Repurchase Liability | $ 377,808 | $ 192,500 |
Assets Sold Under Agreements To Repurchase Interest Rate | 2.31% | 1.63% |
Market value of underlying collateral of a repurchase agreement | $ 402,225 | $ 205,483 |
FNMA and FHLMC [Member] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Market value of underlying collateral of a repurchase agreement | 402,225 | 205,483 |
Mturity less than 90 Days Member | Financial Instruments Owned And Pledged As Collateral Type [Domain] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Assets Sold Under Agreements To Repurchase Repurchase Liability | $ 137,808 | $ 0 |
Assets Sold Under Agreements To Repurchase Interest Rate | 2.34% | 0.00% |
Market value of underlying collateral of a repurchase agreement | $ 145,429 | $ 0 |
Mturity less than 90 Days Member | FNMA and FHLMC [Member] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Market value of underlying collateral of a repurchase agreement | 145,429 | 0 |
Maturity over 90 days | Financial Instruments Owned And Pledged As Collateral Type [Domain] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Assets Sold Under Agreements To Repurchase Repurchase Liability | $ 240,000 | $ 192,500 |
Assets Sold Under Agreements To Repurchase Interest Rate | 2.30% | 1.63% |
Market value of underlying collateral of a repurchase agreement | $ 256,796 | $ 205,483 |
Maturity over 90 days | FNMA and FHLMC [Member] | ||
Assets Sold Under Agreements To Repurchase Line Items | ||
Market value of underlying collateral of a repurchase agreement | $ 256,796 | $ 205,483 |
Borrowings (Advances from the F
Borrowings (Advances from the Federal Home Loan Bank) (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 488,043,000 | $ 328,748,000 |
Two Million [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 2,087,000 | |
FHLB, Weighted Average Interest Rate | 2.92% | |
Settlement Date | Jun. 8, 2018 | |
Maturity Date | Jun. 8, 2023 | |
Thirty Four Million [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 33,964,000 | |
FHLB, Weighted Average Interest Rate | 2.32% | |
Settlement Date | Sep. 4, 2018 | |
Maturity Date | Oct. 1, 2018 | |
Nine Million [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 8,953,000 | |
FHLB, Weighted Average Interest Rate | 2.59% | |
Settlement Date | Jul. 19, 2013 | |
Maturity Date | Jul. 20, 2020 | |
Sixteen Million [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 16,222,000 | |
FHLB, Weighted Average Interest Rate | 2.92% | |
Settlement Date | Jul. 13, 2018 | |
Maturity Date | Jul. 13, 2023 | |
Twelve Millions [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 12,152,000 | |
FHLB, Weighted Average Interest Rate | 2.94% | |
Settlement Date | May 9, 2018 | |
Maturity Date | May 9, 2023 | |
Federal Home Loan Bank Advances [Member] | ||
Advances From Federal Home Loan Banks [Line Items] | ||
Borrowings | $ 73,378,000 | |
FHLB, Weighted Average Interest Rate | 2.61% |
Offsetting Arrangements (Assets
Offsetting Arrangements (Assets Offsetting) (Details) - Derivative - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Offsetting Assets [Line Items] | ||
Gross Amount of Recognized Assets | $ 1,265 | $ 771 |
Gross amounts Offset in the Statement of Financial Condition | 0 | 0 |
Net Amount of Assets in Statement of Financial Condition | 1,265 | 771 |
Financial Instruments | 1,986 | 2,010 |
Cash Collateral Received | 0 | 0 |
Net Amount | $ (721) | $ (1,239) |
Offsetting Arrangement (Liabili
Offsetting Arrangement (Liabilities Offsetting) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Offsetting Liabilities [Line Items] | ||
Gross amount of Recognized Liabilities | $ 378,430 | $ 193,781 |
Gross amount Offset in the Statement of Financial Condition | 0 | 0 |
Net Amount of Liabilities Presented in the Statement of Financial Condition | 378,430 | 193,781 |
Financial Instruments | 402,225 | 205,483 |
Cash Collateral Provided | 1,980 | 1,980 |
Net Amount | (25,775) | (13,682) |
Derivative Financial Instruments, Liabilities [Member] | ||
Offsetting Liabilities [Line Items] | ||
Gross amount of Recognized Liabilities | 622 | 1,281 |
Gross amount Offset in the Statement of Financial Condition | 0 | 0 |
Net Amount of Liabilities Presented in the Statement of Financial Condition | 622 | 1,281 |
Financial Instruments | 0 | 0 |
Cash Collateral Provided | 1,980 | 1,980 |
Net Amount | (1,358) | (699) |
Securities Loaned or Sold under Agreements to Repurchase | ||
Offsetting Liabilities [Line Items] | ||
Gross amount of Recognized Liabilities | 377,808 | 192,500 |
Gross amount Offset in the Statement of Financial Condition | 0 | 0 |
Net Amount of Liabilities Presented in the Statement of Financial Condition | 377,808 | 192,500 |
Financial Instruments | 402,225 | 205,483 |
Cash Collateral Provided | 0 | 0 |
Net Amount | $ (24,417) | $ (12,983) |
Income Taxes (Narratives) (Deta
Income Taxes (Narratives) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Income Taxes [Abstract] | |||||
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | $ 858 | $ 858 | $ 1,300 | ||
Deferred Tax Assets, Net | 122,934 | 122,934 | 127,421 | ||
OtherComprehensiveIncomeLossTax | (2,904) | $ (564) | (564) | ||
Income Tax Expense (Benefit) | 12,255 | $ 560 | 29,860 | $ 13,757 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $ 64 | $ 64 | $ 97 | ||
Effective tax rate | 33.70% | 29.80% |
Income Taxes (Components of inc
Income Taxes (Components of income tax expense (benefit)) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
ComponentsOfIncomeTaxExpenseBenefitContinuingOperationsAbstract | ||||
Deferred Income Tax Expense (Benefit) | $ 6,827 | $ (2,619) | ||
Income Tax Expense (Benefit) | $ 12,255 | $ 560 | $ 29,860 | $ 13,757 |
Income taxes (Effective Income
Income taxes (Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract | ||||
Total Income Tax Expense (Benefit) | $ 12,255 | $ 560 | $ 29,860 | $ 13,757 |
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract | ||||
Total Income Tax Expense (Benefit) | 33.70% | 29.80% |
Income Taxes (Components of Def
Income Taxes (Components of Deferred Tax Assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Components Of Deferred Tax Liabilities Abstract | ||
Deferred Tax Assets, Net | $ 122,934 | $ 127,421 |
Regulatory Capital Requiremen_3
Regulatory Capital Requirements (Group's and the Bank's actual capital amounts and ratios) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Group [Member] | ||
Capital [Abstract] | ||
Actual - Total capital | $ 953,543 | $ 899,258 |
Actual - Tier 1 capital | 891,807 | 842,133 |
Actual -Common equity tier 1 capital | 690,937 | 644,804 |
Actual - Tier 1 leverage capital | 891,807 | 842,133 |
Minimum Capital - Total Capital | 384,508 | 353,653 |
Minimum capital - Tier 1 capital | 288,381 | 265,240 |
Minimum capital - Common equity tier 1 capital | 216,286 | 198,930 |
Minimum capital - Tier 1 leverage capital | 255,993 | 242,057 |
Minimum to be well capitalized - Total Capital | 480,635 | 442,067 |
Minimum to be well capitalized - Tier 1 capital | 384,508 | 353,653 |
Minimum to be well capitalized - Common equity tier 1 capital | 312,413 | 287,343 |
Minimum to be well capitalized - Tier 1 leverage | $ 319,992 | $ 302,571 |
Risk Based Ratios [Abstract] | ||
Capital to Risk Weighted Assets | 19.84% | 20.34% |
Tier One Risk Based Capital to Risk Weighted Assets | 18.55% | 19.05% |
Common Equity Tier OneTo Risk Weighted Assets | 14.38% | 14.59% |
Tier One Leverage Capital to Average Assets | 13.93% | 13.92% |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 6.00% | 6.00% |
Common Equity Tier One Required For Capital Adequacy To Risk Weighted Assets | 4.50% | 4.50% |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Common Equity Tier One Required To Be Well Capitalized To Risk Weighted Assets | 6.50% | 6.50% |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Bank [Member] | ||
Capital [Abstract] | ||
Actual - Total capital | $ 925,447 | $ 879,648 |
Actual - Tier 1 capital | 863,978 | 822,776 |
Actual -Common equity tier 1 capital | 863,978 | 822,776 |
Actual - Tier 1 leverage capital | 863,978 | 822,776 |
Minimum Capital - Total Capital | 383,971 | 353,265 |
Minimum capital - Tier 1 capital | 287,979 | 264,949 |
Minimum capital - Common equity tier 1 capital | 215,984 | 198,712 |
Minimum capital - Tier 1 leverage capital | 254,847 | 241,417 |
Minimum to be well capitalized - Total Capital | 479,964 | 441,581 |
Minimum to be well capitalized - Tier 1 capital | 383,971 | 353,265 |
Minimum to be well capitalized - Common equity tier 1 capital | 311,977 | 287,028 |
Minimum to be well capitalized - Tier 1 leverage | $ 318,559 | $ 301,771 |
Risk Based Ratios [Abstract] | ||
Capital to Risk Weighted Assets | 19.28% | 19.92% |
Tier One Risk Based Capital to Risk Weighted Assets | 18.00% | 18.63% |
Common Equity Tier OneTo Risk Weighted Assets | 18.00% | 18.63% |
Tier One Leverage Capital to Average Assets | 13.56% | 13.63% |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 6.00% | 6.00% |
Common Equity Tier One Required For Capital Adequacy To Risk Weighted Assets | 4.50% | 4.50% |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets | 8.00% | 8.00% |
Tier One Risk Common Equity Tier One Required To Be Well Capitalized To Risk Weighted Assets | 6.50% | 6.50% |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Stockholders' Equity (Narrative
Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Equity, Class of Treasury Stock [Line Items] | ||
Stock Repurchase Program Remaining Authorized Repurchase Amount1 | $ 7.7 | |
Stock repurchase program remaining number of shares authorized to be repurchased | 478,691 | |
SharePrice | $ 16.15 | |
legal surplus | $ 87.6 | $ 81.5 |
Preferred Stock [Member] | ||
Equity, Class of Treasury Stock [Line Items] | ||
Preferred Stock Issue Costs | 13.6 | 13.6 |
Common Stock [Member] | ||
Equity, Class of Treasury Stock [Line Items] | ||
Common Stock Issuance Cost | $ 10.1 | $ 10.1 |
Stockholders' Equity (Shares re
Stockholders' Equity (Shares repurchased under the stock repurchase program) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Equity, Class of Treasury Stock [Line Items] | ||
Treasury Stock, Value | $ 103,706 | $ 104,502 |
Stockholders' Equity (Common sh
Stockholders' Equity (Common shares held in treasury, activity) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Stockholders' Equity Note [Abstract] | ||
Beginning of period | 8,678,427 | 8,711,025 |
Common shares used for exercise of restricted stock units (Shares) | (58,424) | (32,598) |
End of period | 8,620,003 | 8,678,427 |
Beginning of period | $ 104,502 | $ 104,860 |
Common shares used for exercise of restricted stock units (Value) | (796) | (358) |
End of period | $ 103,706 | $ 104,502 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Accumulated Comprehensive Income, net of income tax) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Accumulated Other Comprehensive Income [Line Items] | ||
Accumulated other comprehensive (Loss) income, net of tax, Total | $ (20,795) | $ (2,949) |
Accumulated Other Comprehensive Income (Loss) [Member] | ||
Accumulated Other Comprehensive Income [Line Items] | ||
Accumulated other comprehensive (Loss) income, net of tax, Total | (20,795) | (2,949) |
AccumulatedOtherThanTemporaryImpairmentMember | ||
Accumulated Other Comprehensive Income [Line Items] | ||
Unrealized gain on securities available-for-sale which are not other-than-temporarily impaired | (24,343) | (3,003) |
Income tax effect of unrealized gain on securities available-for-sale | 3,155 | 365 |
Net unrealized gain on securities available for sale wich are not other than temporarily impaired | (21,188) | (2,638) |
Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income [Line Items] | ||
Unrealized loss on cash flow hedges | 643 | (510) |
Income tax effect of unrealized loss on cash flow hedges | (250) | 199 |
Net unrealized (loss) income on cash flow hedges | $ 393 | $ (311) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Changes in Other Comprehensive Income by Components) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net unrealized gains on securities available for sale | ||||
Accumulated Other Comprehensive Income [Line Items] | ||||
Beginning balance | $ (15,518,000) | $ 256,000 | $ (2,638,000) | $ 2,209,000 |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | (5,607,000) | 1,185,000 | (18,361,000) | (726,000) |
Reclassification Out Of Accumulated Other Comprehensive Income | (63,000) | (70,000) | (189,000) | (112,000) |
Other Comprehensive Income (Loss) Other Net Of Tax | (5,670,000) | 1,115,000 | (18,550,000) | (838,000) |
Ending balance | (21,188,000) | 1,371,000 | (21,188,000) | 1,371,000 |
Net unrealized loss on cash flow hedges | ||||
Accumulated Other Comprehensive Income [Line Items] | ||||
Beginning balance | 256,000 | (563,000) | (311,000) | (613,000) |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | (380,000) | (74,000) | (635,000) | (301,000) |
Reclassification Out Of Accumulated Other Comprehensive Income | 517,000 | 108,000 | 1,339,000 | 385,000 |
Other Comprehensive Income (Loss) Other Net Of Tax | 137,000 | 34,000 | 704,000 | 84,000 |
Ending balance | 393,000 | (529,000) | 393,000 | (529,000) |
Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Accumulated Other Comprehensive Income [Line Items] | ||||
Beginning balance | (15,262,000) | (307,000) | (2,949,000) | 1,596,000 |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | (5,987,000) | 1,111,000 | (18,996,000) | (1,027,000) |
Reclassification Out Of Accumulated Other Comprehensive Income | 454,000 | 38,000 | 1,150,000 | 273,000 |
Other Comprehensive Income (Loss) Other Net Of Tax | (5,533,000) | 1,149,000 | (17,846,000) | (754,000) |
Ending balance | $ (20,795,000) | $ 842,000 | $ (20,795,000) | $ 842,000 |
Accumulated Other Comprehensi_5
Accumulated Other Comprehensive Income (Reclassifications out of other comprehensive income) (Details) - Reclassification out of Accumulated Other Comprehensive Income [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Interest Rate Contract | $ 517 | $ 108 | $ 1,339 | $ 385 |
Gain On Sale Of Investments | 0 | 4 | 0 | 6,896 |
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 |
Residual tax effect from OIB's change in applicable tax rate AFS | 0 | 1 | 5 | 104 |
Tax effect from increase in capital gains tax rate AFS | (63) | (71) | (194) | (216) |
Total | $ 454 | $ 42 | $ 1,150 | $ 7,169 |
Earnings Per Common Share (Narr
Earnings Per Common Share (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |||||
Stock Conversion Rate | 86.4225 | 86.4225 | |||
Weighted average stock anti dilutive effect excluded from calculation of earnings per share | 307,925 | 922,601 | 435,950 | 935,740 | |
Convertible Preferred Stock | $ 84,000 | $ 84,000 | $ 84,000 | ||
Series C Convertible Preferred Stock | |||||
Preferred stock, shares issued | 84,000 | 84,000 | 84,000 |
Earnings Per Common Share (Earn
Earnings Per Common Share (Earnings per common share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 23,100 | $ 3,319 | $ 59,666 | $ 35,573 |
Non-Convertible Preferred Stock Dividend (Series A,B and D) | (1,628) | (1,627) | (4,883) | (4,883) |
Convertible Preferred Stock Dividend (Series C) | (1,838) | (1,838) | (5,513) | (5,513) |
Income available to common shareholders | 19,634 | (146) | 49,270 | 25,177 |
Effect of assumed conversion of convertible preferred stock | 1,838 | 1,838 | 5,513 | 5,513 |
Income available to common sharesholders assuming conversion | $ 21,472 | $ 1,692 | $ 54,783 | $ 30,690 |
Average common shares outstanding | 43,996 | 43,947 | 43,975 | 43,937 |
Average potential common shares options | 209 | 17 | 110 | 20 |
Average potential common shares convertible preferred stock | 7,259 | 7,138 | 7,259 | 7,138 |
Average common shares outstanding and equivalents | 51,464 | 51,102 | 51,344 | 51,095 |
Earnings per common share - basic | $ 0.45 | $ 0 | $ 1.12 | $ 0.57 |
Earnings per common share - diluted | $ 0.42 | $ 0 | $ 1.07 | $ 0.56 |
Guarantees (Narrative) (Details
Guarantees (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Guarantee Obligations [Line Items] | |||||
Acquired standby letters of credit and financial guarantees | $ 15,700 | $ 15,700 | $ 21,100 | ||
Unpaid principal balance of residential subject loans subject to credit recourse | 5,500 | 5,500 | 6,400 | ||
Repurchased GNMA | 234 | 569 | $ 107 | ||
Liability for estimated credit losses to loans sold with credit recourse | 204 | 204 | 358 | ||
Repurchased loans not subject to credit recourse provision | 1,600 | $ 625 | 5,900 | 3,000 | |
Losses from repurchased loans subject to credit recourse | 30 | 406 | 354 | ||
Losses On Repurchased Loan Not Subject To Credit Recourse | 41 | $ 74 | 71 | $ 517 | |
Serviced mortgage loans for third parties | 891,000 | 891,000 | 864,900 | ||
Funds Advanced To Investors Under Servicing Agreements | $ 798 | $ 798 | $ 440 |
Guarantees (Changes in liabilty
Guarantees (Changes in liabilty of estimated loss from credit recourse agreement) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Movement In Guaranteed Benefit Liability Gross Roll Forward | ||||
Balance at beginning of the period | $ 264 | $ 570 | $ 358 | $ 710 |
Net charge-off/terminations | (60) | (118) | (154) | (258) |
Balance at the end of the period | $ 204 | $ 452 | $ 204 | $ 452 |
Commitments (Narratives) (Detai
Commitments (Narratives) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Commitments and Contingencies [Abstract] | |||||
Rent Expenses | $ 2,000 | $ 2,000 | $ 7,400 | $ 6,500 | |
Line of credit reserve | $ 742 | $ 742 | $ 567 |
Commitments (Summarized credit-
Commitments (Summarized credit-related financial instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Commitments and Contingencies [Abstract] | ||
Commitments To Extend Credit | $ 566,030 | $ 485,019 |
Commercial letters credit | 1,464 | 494 |
Standby letters of credit and financial guarantees | 15,721 | 21,107 |
Loans sold with recourse | $ 5,490 | $ 6,420 |
Commitments (Future rental comm
Commitments (Future rental commitments under leases) (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Operating Leases, Future Minimum Payments Due [Abstract] | |
2,018 | $ 4,868 |
2,019 | 5,977 |
2,020 | 4,062 |
2,021 | 3,360 |
2,022 | 2,494 |
Thereafter | 6,926 |
Total | $ 27,687 |
Fair Value (Assets and liabilit
Fair Value (Assets and liabilities on recurring and non-recurring basis) (Details) - USD ($) | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | $ 848,552,000 | $ 645,797,000 | ||||
Money Market Funds, at Carrying Value | 5,805,000 | 7,021,000 | ||||
Trading Securities | 405,000 | 191,000 | ||||
Derivative Assets | 1,265,000 | 771,000 | ||||
Servicing Assets | 10,866,000 | 9,821,000 | ||||
Derivative liabilities | (622,000) | (1,281,000) | ||||
Total | 866,271,000 | 662,320,000 | ||||
Impaired Commercial Loan | 69,639,000 | 72,285,000 | ||||
Foreclosed real estate | 37,868,000 | $ 40,551,000 | 44,174,000 | $ 47,275,000 | $ 50,223,000 | $ 47,520,000 |
Other repossessed assets | 4,146,000 | 3,548,000 | ||||
Total | 111,653,000 | 120,007,000 | ||||
Fair Value, Inputs, Level 1 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Money Market Funds, at Carrying Value | 5,805,000 | 7,021,000 | ||||
Trading Securities | 0 | 0 | ||||
Derivative Assets | 0 | 0 | ||||
Servicing Assets | 0 | 0 | ||||
Derivative liabilities | 0 | 0 | ||||
Total | 5,805,000 | 7,021,000 | ||||
Impaired Commercial Loan | 0 | 0 | ||||
Foreclosed real estate | 0 | 0 | ||||
Other repossessed assets | 0 | 0 | ||||
Total | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 848,552,000 | 645,797,000 | ||||
Money Market Funds, at Carrying Value | 0 | 0 | ||||
Trading Securities | 405,000 | 191,000 | ||||
Derivative Assets | 1,265,000 | 771,000 | ||||
Servicing Assets | 0 | 0 | ||||
Derivative liabilities | (622,000) | (1,281,000) | ||||
Total | 849,600,000 | 645,478,000 | ||||
Impaired Commercial Loan | 0 | 0 | ||||
Foreclosed real estate | 0 | 0 | ||||
Other repossessed assets | 0 | 0 | ||||
Total | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Money Market Funds, at Carrying Value | 0 | 0 | ||||
Trading Securities | 0 | 0 | ||||
Derivative Assets | 0 | 0 | ||||
Servicing Assets | 10,866,000 | 9,821,000 | ||||
Derivative liabilities | 0 | 0 | ||||
Total | 10,866,000 | 9,821,000 | ||||
Impaired Commercial Loan | 69,639,000 | 72,285,000 | ||||
Foreclosed real estate | 37,868,000 | 44,174,000 | ||||
Other repossessed assets | 4,146,000 | 3,548,000 | ||||
Total | 111,653,000 | 120,007,000 | ||||
Fair Value, Measurements, Recurring [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 848,552,000 | 645,797,000 | ||||
Money Market Funds, at Carrying Value | 5,805,000 | 7,021,000 | ||||
Trading Securities | 405,000 | 191,000 | ||||
Derivative Assets | 1,265,000 | 771,000 | ||||
Servicing Assets | 10,866,000 | 9,821,000 | ||||
Derivative liabilities | (622,000) | (1,281,000) | ||||
Total | 866,271,000 | 662,320,000 | ||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Money Market Funds, at Carrying Value | 5,805,000 | 7,021,000 | ||||
Trading Securities | 0 | 0 | ||||
Derivative Assets | 0 | 0 | ||||
Servicing Assets | 0 | 0 | ||||
Derivative liabilities | 0 | 0 | ||||
Total | 5,805,000 | 7,021,000 | ||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 848,552,000 | 645,797,000 | ||||
Money Market Funds, at Carrying Value | 0 | 0 | ||||
Trading Securities | 405,000 | 191,000 | ||||
Derivative Assets | 1,265,000 | 771,000 | ||||
Servicing Assets | 0 | 0 | ||||
Derivative liabilities | (622,000) | (1,281,000) | ||||
Total | 849,600,000 | 645,478,000 | ||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Money Market Funds, at Carrying Value | 0 | 0 | ||||
Trading Securities | 0 | 0 | ||||
Derivative Assets | 0 | 0 | ||||
Servicing Assets | 10,866,000 | 9,821,000 | ||||
Derivative liabilities | 0 | 0 | ||||
Total | 10,866,000 | 9,821,000 | ||||
Fair Value, Measurements, Nonrecurring [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Impaired Commercial Loan | 69,639,000 | 72,285,000 | ||||
Foreclosed real estate | 37,868,000 | 44,174,000 | ||||
Other repossessed assets | 4,146,000 | 3,548,000 | ||||
Total | 111,653,000 | 120,007,000 | ||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Impaired Commercial Loan | 0 | 0 | ||||
Foreclosed real estate | 0 | 0 | ||||
Other repossessed assets | 0 | 0 | ||||
Total | 0 | 0 | ||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Impaired Commercial Loan | 0 | 0 | ||||
Foreclosed real estate | 0 | 0 | ||||
Other repossessed assets | 0 | 0 | ||||
Total | 0 | 0 | ||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Impaired Commercial Loan | 69,639,000 | 72,285,000 | ||||
Foreclosed real estate | 37,868,000 | 44,174,000 | ||||
Other repossessed assets | 4,146,000 | 3,548,000 | ||||
Total | $ 111,653,000 | $ 120,007,000 |
Fair Value (Reconciliation of a
Fair Value (Reconciliation of assets and liabilities using significant unobservable inputs (Level 3)) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance | $ 10,829 | $ 9,866 | $ 9,821 | $ 9,858 |
New instruments acquired | 417 | 429 | 1,158 | 1,503 |
Change due to principal payments | (184) | (152) | (593) | (478) |
Changes in fair value of servicing assets | (196) | (325) | 480 | (1,065) |
Balance | 10,866 | 9,818 | 10,866 | 9,818 |
Servicing Assets [Member] | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance | 10,829 | 9,866 | 9,821 | 9,858 |
New instruments acquired | 417 | 429 | 1,158 | 1,503 |
Change due to principal payments | (184) | (152) | (593) | (478) |
Changes in fair value of servicing assets | (196) | (325) | 480 | (1,065) |
Balance | $ 10,866 | $ 9,818 | $ 10,866 | $ 9,818 |
Fair Value (Qualitative informa
Fair Value (Qualitative information for assets and liabilities) (Details) $ in Thousands | 3 Months Ended |
Sep. 30, 2018USD ($) | |
Servicing Assets [Member] | Cash Flow Valuation Technique [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Fair Value assets and liabilities measured on reccurring basis | $ 10,866 |
Servicing Assets [Member] | Cash Flow Valuation Technique [Member] | Minimum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Constant prepayment rate | 4.45% |
Servicing Assets [Member] | Cash Flow Valuation Technique [Member] | Maximum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Constant prepayment rate | 8.83% |
Collateral dependant impaired loan | Fair value of property or collateral [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Fair Value assets and liabilities measured on reccurring basis | $ 30,522 |
Collateral dependant impaired loan | Fair value of property or collateral [Member] | Minimum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Appraised Value | 17.20% |
Collateral dependant impaired loan | Fair value of property or collateral [Member] | Maximum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Appraised Value | 31.20% |
Other non-collateral dependant impaired loans [Member] | Cash Flow Valuation Technique [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Fair Value assets and liabilities measured on reccurring basis | $ 39,117 |
Foreclosed real estate [Member] | Fair value of property or collateral [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Fair Value assets and liabilities measured on reccurring basis | $ 37,868 |
Foreclosed real estate [Member] | Fair value of property or collateral [Member] | Minimum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Appraised Value | 17.20% |
Foreclosed real estate [Member] | Fair value of property or collateral [Member] | Maximum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Appraised Value | 31.20% |
Other repossessed assets [Member] | Fair value of property or collateral [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Fair Value assets and liabilities measured on reccurring basis | $ 4,146 |
Other repossessed assets [Member] | Fair value of property or collateral [Member] | Minimum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Estimated net realizable value | 36.00% |
Other repossessed assets [Member] | Fair value of property or collateral [Member] | Maximum [Member] | |
Fair Value Inputs Assets Quantitative Information [Line Items] | |
Estimated net realizable value | 64.00% |
Fair value (Estimated fair valu
Fair value (Estimated fair value and carrying value) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets, Fair Value Disclosure [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | $ 543,750 | $ 485,203 |
Restricted Cash, at Fair Value | 3,030 | 3,030 |
Trading Securities | 405 | 191 |
Available-for-sale Securities | 848,552 | 645,797 |
Held to maturity Fair Value | 425,066 | 497,681 |
Federal Home Loan Bank (FHLB) stock | 12,461 | 13,995 |
Other Investments | 3 | 3 |
Loans Including HFS Fair Value | 4,016,912 | 3,842,907 |
Derivative Assets | 1,265 | 771 |
Receivables, Fair Value Disclosure | 33,452 | 49,969 |
Servicing Assets | 10,866 | 9,821 |
Account Receivable and Other assets, Fair Value | 37,951 | 41,898 |
Liabilities, Fair Value Disclosure [Abstract] | ||
Deposits, Fair Value Disclosure | 5,057,209 | 4,782,197 |
Securities sold under agreements to repurchase | 375,345 | 191,104 |
Advances from FHLB | 74,331 | 99,509 |
Other Borrowings | 192 | 153 |
Subordinated capital notes | 33,369 | 33,080 |
Derivative Liabilities Current | 622 | 1,281 |
Accrued expenses and other liabilities | 80,448 | 86,791 |
Assets,Carrying Value [Abstract] | ||
Cash and Cash Equivalents, at Carrying Value | 543,750 | 485,203 |
Restricted Cash And Cash Equivalents | 3,030 | 3,030 |
Trading Securities | 405 | 191 |
Investment securities AFS , carrying value | 848,552 | 645,797 |
Investment held for sale, carrying amount | 444,679 | 506,064 |
Federal Home Loan Bank Stock at carrying value | 12,461 | 13,995 |
Other Investment, Carrying Value | 3 | 3 |
Loans, net of allowance for loan and lease losses | 4,336,445 | 4,037,362 |
Derivative Assets, carrying value | 1,265 | 771 |
FDIC Indemnification Asset | 0 | 0 |
Accrued interest receivable | 33,452 | 49,969 |
Servicing assets, carrying value | 10,866 | 9,821 |
Account receivable and oher assets, carrying value | 37,951 | 41,898 |
Liabilities,Carrying Value Disclosure [Abstract] | ||
Deposits, Total | 5,088,993 | 4,799,482 |
Securities Sold under Agreements to Repurchase | 378,237 | 192,869 |
Advances from FHLB | 73,531 | 99,643 |
Other Borrowings | 192 | 153 |
Subordinated capital notes | 36,083 | 36,083 |
Accrued expenses and other liabilities | 80,448 | 86,791 |
Derivative liabilities, carrying value | 622 | 1,281 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure [Abstract] | ||
Cash and Cash Equivalents, Fair Value Disclosure | 543,750 | 485,203 |
Restricted Cash, at Fair Value | 3,030 | 3,030 |
Available-for-sale Securities | 0 | 0 |
Derivative Assets | 0 | 0 |
Servicing Assets | 0 | 0 |
Liabilities, Fair Value Disclosure [Abstract] | ||
Derivative Liabilities Current | 0 | 0 |
Assets,Carrying Value [Abstract] | ||
Cash and Cash Equivalents, at Carrying Value | 543,750 | 485,203 |
Restricted Cash And Cash Equivalents | 3,030 | 3,030 |
Trading Securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure [Abstract] | ||
Trading Securities | 405 | 191 |
Available-for-sale Securities | 848,552 | 645,797 |
Held to maturity Fair Value | 425,066 | 497,681 |
Federal Home Loan Bank (FHLB) stock | 12,461 | 13,995 |
Other Investments | 3 | 3 |
Derivative Assets | 1,265 | 771 |
Servicing Assets | 0 | 0 |
Liabilities, Fair Value Disclosure [Abstract] | ||
Derivative Liabilities Current | 622 | 1,281 |
Assets,Carrying Value [Abstract] | ||
Trading Securities | 405 | 191 |
Investment securities AFS , carrying value | 848,552 | 645,797 |
Investment held for sale, carrying amount | 444,679 | 506,064 |
Federal Home Loan Bank Stock at carrying value | 12,461 | 13,995 |
Other Investment, Carrying Value | 3 | 3 |
Derivative Assets, carrying value | 1,265 | 771 |
Liabilities,Carrying Value Disclosure [Abstract] | ||
Derivative liabilities, carrying value | 622 | 1,281 |
Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure [Abstract] | ||
Available-for-sale Securities | 0 | 0 |
Loans Including HFS Fair Value | 4,016,912 | 3,842,907 |
Derivative Assets | 0 | 0 |
Receivables, Fair Value Disclosure | 33,452 | 49,969 |
Servicing Assets | 10,866 | 9,821 |
Account Receivable and Other assets, Fair Value | 37,951 | 41,898 |
Liabilities, Fair Value Disclosure [Abstract] | ||
Deposits, Fair Value Disclosure | 5,057,209 | 4,782,197 |
Securities sold under agreements to repurchase | 375,345 | 191,104 |
Advances from FHLB | 74,331 | 99,509 |
Other Borrowings | 192 | 153 |
Subordinated capital notes | 33,369 | 33,080 |
Derivative Liabilities Current | 0 | 0 |
Accrued expenses and other liabilities | 80,448 | 86,791 |
Assets,Carrying Value [Abstract] | ||
Trading Securities | 0 | 0 |
Loans, net of allowance for loan and lease losses | 4,352,980 | 4,056,329 |
Accrued interest receivable | 33,452 | 49,969 |
Servicing assets, carrying value | 10,866 | 9,821 |
Account receivable and oher assets, carrying value | 37,951 | 41,898 |
Liabilities,Carrying Value Disclosure [Abstract] | ||
Deposits, Total | 5,088,993 | 4,799,482 |
Securities Sold under Agreements to Repurchase | 378,237 | 192,869 |
Advances from FHLB | 73,531 | 99,643 |
Other Borrowings | 192 | 153 |
Subordinated capital notes | 36,083 | 36,083 |
Accrued expenses and other liabilities | $ 80,448 | $ 86,791 |
Banking and Finanial Service _3
Banking and Finanial Service Revenues (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Banking service revenues: | ||||
Checking accounts fees | $ 1,502 | $ 1,767 | $ 4,386 | $ 5,470 |
Savings accounts fees | 161 | 152 | 473 | 470 |
Electronic Banking Fees | 8,104 | 6,851 | 23,960 | 22,211 |
Credit Life Commissions | 142 | 127 | 401 | 430 |
Branch service commissions | 365 | 82 | 1,089 | 333 |
Servicing and other loan fees | 334 | 771 | 1,554 | 1,560 |
International fees | 185 | 170 | 534 | 519 |
Miscellaneous income | 4 | 3 | 7 | 14 |
Total Banking Service Revenues | 10,797 | 9,923 | 32,404 | 31,007 |
Wealth management revenues: | ||||
Insurance income | 1,654 | 1,278 | 4,298 | 4,378 |
Broker fees | 1,941 | 1,675 | 5,387 | 5,345 |
Trust fees | 2,541 | 2,840 | 8,138 | 8,187 |
Retirement plan and administration fees | 271 | 223 | 856 | 808 |
Investment Banking Fees | 0 | 0 | 9 | 29 |
Total Wealth Management Revenue | 6,407 | 6,016 | 18,688 | 18,747 |
Mortgage banking activities: | ||||
Servicing Fees | 1,059 | 925 | 4,130 | 2,931 |
Gain (Loss) on Sale of Mortgage Loans and Valuation | 103 | 275 | 182 | 760 |
Other | 80 | 74 | (325) | (871) |
Total mortgage banking activities | 1,242 | 1,274 | 3,987 | 2,820 |
Total banking and financial service revenues | $ 18,446 | $ 17,213 | $ 55,079 | $ 52,574 |
Business Segments (Details)
Business Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Segment Reporting Information [Line Items] | |||||
Total interest income | $ 94,137 | $ 90,355 | $ 265,313 | $ 262,473 | |
Interest expense | (11,860) | (9,877) | (31,454) | (31,814) | |
Net interest income | 82,277 | 80,478 | 233,859 | 230,659 | |
Provision for Loan and Lease Losses, net | (14,601) | (44,042) | (44,808) | (88,232) | |
Total non-interest income (loss), net | 18,620 | 17,912 | 55,837 | 61,872 | |
Non-interest expenses | (50,941) | (50,469) | (155,362) | (154,969) | |
Intersegment revenues | 0 | 0 | 0 | 0 | |
Intersegment expenses | 0 | 0 | 0 | 0 | |
Income (loss) before Income Taxes, Parent | 35,355 | 3,879 | 89,526 | 49,330 | |
Income Tax Expense (Benefit) | 12,255 | 560 | 29,860 | 13,757 | |
Net (Loss) Income Attributable to Parent | 23,100 | 3,319 | 59,666 | 35,573 | |
Total assets | 6,656,674 | 6,656,674 | $ 6,189,053 | ||
Banking [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 83,664 | 82,162 | 236,171 | 236,754 | |
Interest expense | (7,701) | (6,342) | (21,123) | (19,976) | |
Net interest income | 75,963 | 75,820 | 215,048 | 216,778 | |
Provision for Loan and Lease Losses, net | (14,478) | (44,042) | (44,677) | (88,210) | |
Total non-interest income (loss), net | 12,157 | 10,384 | 36,590 | 35,387 | |
Non-interest expenses | (46,049) | (43,819) | (140,239) | (137,275) | |
Intersegment revenues | 616 | 431 | 1,519 | 1,243 | |
Intersegment expenses | 0 | 0 | 0 | (140) | |
Income (loss) before Income Taxes, Parent | 28,209 | (1,226) | 68,241 | 27,783 | |
Total assets | 6,156,500 | 5,605,922 | 6,156,500 | 5,605,922 | |
Financial Services | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 9 | 13 | 35 | 43 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 9 | 13 | 35 | 43 | |
Provision for Loan and Lease Losses, net | 0 | 0 | 0 | 0 | |
Total non-interest income (loss), net | 6,463 | 6,695 | 19,219 | 18,952 | |
Non-interest expenses | (3,720) | (5,048) | (12,288) | (13,368) | |
Intersegment revenues | 0 | 0 | 0 | 0 | |
Intersegment expenses | (273) | (324) | (660) | (889) | |
Income (loss) before Income Taxes, Parent | 2,479 | 1,336 | 6,306 | 4,738 | |
Total assets | 25,243 | 23,148 | 25,243 | 23,148 | |
Treasury [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 10,464 | 8,180 | 29,107 | 25,676 | |
Interest expense | (4,159) | (3,535) | (10,331) | (11,838) | |
Net interest income | 6,305 | 4,645 | 18,776 | 13,838 | |
Provision for Loan and Lease Losses, net | (123) | 0 | (131) | (22) | |
Total non-interest income (loss), net | 0 | 833 | 28 | 7,533 | |
Non-interest expenses | (1,172) | (1,602) | (2,835) | (4,326) | |
Intersegment revenues | 0 | 0 | 0 | 140 | |
Intersegment expenses | (343) | (107) | (859) | (354) | |
Income (loss) before Income Taxes, Parent | 4,667 | 3,769 | 14,979 | 16,809 | |
Total assets | 1,459,682 | 1,620,919 | 1,459,682 | 1,620,919 | |
Major Segment [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 94,137 | 90,355 | 265,313 | 262,473 | |
Interest expense | (11,860) | (9,877) | (31,454) | (31,814) | |
Net interest income | 82,277 | 80,478 | 233,859 | 230,659 | |
Provision for Loan and Lease Losses, net | (14,601) | (44,042) | (44,808) | (88,232) | |
Total non-interest income (loss), net | 18,620 | 17,912 | 55,837 | 61,872 | |
Non-interest expenses | (50,941) | (50,469) | (155,362) | (154,969) | |
Intersegment revenues | 616 | 431 | 1,519 | 1,383 | |
Intersegment expenses | (616) | (431) | (1,519) | (1,383) | |
Income (loss) before Income Taxes, Parent | 35,355 | 3,879 | 89,526 | 49,330 | |
Total assets | 7,641,425 | 7,249,989 | 7,641,425 | 7,249,989 | |
Intersegment Elimination [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 0 | 0 | 0 | 0 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 0 | 0 | 0 | 0 | |
Provision for Loan and Lease Losses, net | 0 | 0 | 0 | 0 | |
Total non-interest income (loss), net | 0 | 0 | 0 | 0 | |
Non-interest expenses | 0 | 0 | 0 | 0 | |
Intersegment revenues | (616) | (431) | (1,519) | (1,383) | |
Intersegment expenses | 616 | 431 | 1,519 | 1,383 | |
Income (loss) before Income Taxes, Parent | 0 | 0 | 0 | 0 | |
Total assets | (984,751) | (961,772) | (984,751) | (961,772) | |
Consolidated Total [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total interest income | 94,137 | 90,355 | 265,313 | 262,473 | |
Interest expense | (11,860) | (9,877) | (31,454) | (31,814) | |
Net interest income | 82,277 | 80,478 | 233,859 | 230,659 | |
Provision for Loan and Lease Losses, net | (14,601) | (44,042) | (44,808) | (88,232) | |
Total non-interest income (loss), net | 18,620 | 17,912 | 55,837 | 61,872 | |
Non-interest expenses | (50,941) | (50,469) | (155,362) | (154,969) | |
Intersegment revenues | 0 | 0 | 0 | 0 | |
Intersegment expenses | 0 | 0 | 0 | 0 | |
Income (loss) before Income Taxes, Parent | 35,355 | 3,879 | 89,526 | 49,330 | |
Total assets | $ 6,656,674 | $ 6,288,217 | $ 6,656,674 | $ 6,288,217 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Event Description | During the third quarter of 2018, Oriental announced the mandatory conversion of its Series C preferred stock into common stock, effective on October 22, 2018. Each share of Series C preferred stock was converted into 86.4225 shares of common stock. There were 84,000 shares of Series C preferred stock outstanding, all of which were converted to common stock on October 22, 2018. Upon conversion, the Series C preferred stock is no longer outstanding and all rights with respect to the Series C preferred stock have ceased and terminated, except the right to receive the number of whole shares of common stock issuable upon conversion of the Series C preferred stock and any required cash-in-lieu of fractional shares |