Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2023 | May 01, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-14793 | |
Entity Registrant Name | FIRST BANCORP | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Entity Common Stock Shares Outstanding | 179,788,698 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Trading Symbol | FBP | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Incorporation State Country Code | PR | |
Entity Tax Identification Number | 66-0561882 | |
Entity Address Address Line 1 | 1519 Ponce de León Avenue | |
Entity Address Address Line 2 | Stop 23 | |
Entity Address City Or Town | San Juan | |
Entity Address Country | PR | |
Entity Address Postal Zip Code | 00908 | |
City Area Code | 787 | |
Local Phone Number | 729-8200 | |
Security 12b Title | Common Stock ($0.10 par value per share) | |
Security Exchange Name | NYSE | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Amendment Flag | false | |
Entity Central Index Key | 0001057706 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
ASSETS | ||
Cash and due from banks | $ 822,542 | $ 478,480 |
Money market investments: | ||
Time deposits with other financial institutions | 300 | 300 |
Other short-term investments | 759 | 1,725 |
Total money market investments | 1,059 | 2,025 |
Available-for-sale debt securities, at fair value: | ||
Securities pledged with creditors' rights to repledge | 181,009 | 81,103 |
Other available-for-sale debt securities | 5,408,247 | 5,518,417 |
Total available-for-sale securities, at fair value | 5,589,256 | 5,599,520 |
Held-to-maturity debt securities, at amortized cost, net of ACL of $7,646 as of March 31, 2023 and $8,286 as of December 31, 2022 (fair value as of March 31, 2023 - $419,752; as of December 31, 2022 - $427,115 as of December 31, 2022) | 423,749 | 429,251 |
Equity securities | 66,714 | 55,289 |
Total investment securities | 6,079,719 | 6,084,060 |
Loans, net of ACL of $265,567 as of March 31, 2023 and $260,464 as of December 31, 2022 | 11,312,418 | 11,292,361 |
Mortgage loans held for sale, at lower of cost or market | 15,183 | 12,306 |
Total loans, net | 11,327,601 | 11,304,667 |
Accrued interest receivable on loans and investments | 63,841 | 69,730 |
Premises and equipment, net | 137,580 | 142,935 |
Other real estate owned ("OREO") | 32,862 | 31,641 |
Deferred tax asset, net | 154,780 | 155,584 |
Goodwill | 38,611 | 38,611 |
Other intangible assets | 19,073 | 21,118 |
Other assets | 299,446 | 305,633 |
Total assets | 18,977,114 | 18,634,484 |
LIABILITIES | ||
Non-interest-bearing deposits | 6,024,304 | 6,112,884 |
Interest-bearing deposits | 10,027,661 | 10,030,583 |
Total deposits | 16,051,965 | 16,143,467 |
Short-term securities sold under agreements to repurchase | 172,982 | 75,133 |
Advances from the FHLB: | ||
Short-term | 425,000 | 475,000 |
Long-term | 500,000 | 200,000 |
Total advances from the FHLB | 925,000 | 675,000 |
Other long-term borrowings | 183,762 | 183,762 |
Accounts payable and other liabilities | 237,812 | 231,582 |
Total liabilities | 17,571,521 | 17,308,944 |
Commitments and contingencies (See Note 22) | ||
STOCKHOLDERS' EQUITY | ||
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 223,663,116 shares issued; 179,788,698 shares outstanding as of March 31, 2023 and 182,709,059 as of December 31, 2022 | 22,366 | 22,366 |
Additional paid-in capital | 959,912 | 970,722 |
Retained earnings, includes legal surplus reserve of $168,484 | 1,688,176 | 1,644,209 |
Treasury stock (at cost) of 43,874,418 shares as of March 31, 2023 and 40,954,057 shares as of December 31, 2022 | (547,311) | (506,979) |
Accumulated other comprehensive loss, net of tax of $8,468 | (717,550) | (804,778) |
Total stockholders' equity | 1,405,593 | 1,325,540 |
Total liabilities and stockholders' equity | $ 18,977,114 | $ 18,634,484 |
CONSOLIDATED STATEMENTS OF FI_2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Condensed Statement Of Financial Condition [Abstract] | ||
Amortized cost | $ 6,300,696 | $ 6,398,197 |
Available-for-sale, allowance for credit losses | 449 | 458 |
Held to Maturity Fair value | 419,752 | 427,115 |
Allowance for credit losses, Held-to-Maturity securities | 7,646 | 8,286 |
Allowance for credit losses on loans and finance leases | $ 265,567 | $ 260,464 |
Common stock, par value | $ 0.10 | $ 0.10 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares, Issued | 223,663,116 | 223,663,116 |
Common stock, shares outstanding | 179,788,698 | 182,709,059 |
Legal Surplus Amount | $ 168,484 | $ 168,484 |
Treasury Stock Shares | 43,874,418 | 40,954,057 |
Income tax expense | $ 8,468 | $ 8,468 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest and dividend income: | ||
Loans | $ 210,636 | $ 173,787 |
Investment securities | 27,110 | 23,247 |
Money market investments and interest-bearing cash accounts | 4,650 | 820 |
Total interest and dividend income | 242,396 | 197,854 |
Interest expense: | ||
Deposits | 29,885 | 7,652 |
Advances from the FHLB: | ||
Short-term advances from the FHLB | 4,341 | 0 |
Long-term advances from FHLB | 2,835 | 1,063 |
Other long-term borrowings | 3,381 | 1,333 |
Total interest expense | 41,511 | 12,230 |
Net interest income | 200,885 | 185,624 |
Provision for credit losses - expense (benefit): | ||
Loans and finance leases | 16,256 | (16,989) |
Provision for credit losses - expense (benefit) | 15,502 | (13,802) |
Net interest income after provision for credit losses | 185,383 | 199,426 |
Non-interest income: | ||
Service charges and fees on deposit accounts | 9,541 | 9,363 |
Mortgage banking activities | 2,812 | 5,206 |
Insurance commission income | 4,847 | 5,275 |
Card and processing income | 10,918 | 9,681 |
Other non-interest income | 4,400 | 3,333 |
Total non-interest income | 32,518 | 32,858 |
Non-interest expenses: | ||
Employees' compensation and benefits | 56,422 | 49,554 |
Occupancy and equipment | 21,186 | 22,386 |
Business promotion | 3,975 | 3,463 |
Professional service fees | 11,973 | 10,594 |
Taxes, other than income taxes | 5,112 | 5,018 |
FDIC deposit insurance | 2,133 | 1,673 |
Net gain on OREO operations | (1,996) | (720) |
Credit and debit card processing expenses | 5,318 | 4,121 |
Communications | 2,216 | 2,151 |
Other non-interest expenses | 8,929 | 8,419 |
Total non-interest expenses | 115,268 | 106,659 |
Income before income taxes | 102,633 | 125,625 |
Income tax expense | 31,935 | 43,025 |
Net income | 70,698 | 82,600 |
Net income attributable to common stockholders | $ 70,698 | $ 82,600 |
Net income per common share: | ||
Basic | $ 0.39 | $ 0.42 |
Diluted | $ 0.39 | $ 0.41 |
Short-term Debt [Member] | ||
Interest expense: | ||
Securities sold under agreements to repurchase | $ 1,069 | $ 0 |
Long-term Debt [Member] | ||
Interest expense: | ||
Securities sold under agreements to repurchase | 0 | 2,182 |
Debt Securities [Member] | ||
Provision for credit losses - expense (benefit): | ||
Other credit losses | (649) | 3,365 |
Unfunded Loan Commitment [Member] | ||
Provision for credit losses - expense (benefit): | ||
Other credit losses | $ (105) | $ (178) |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net income | $ 70,698 | $ 82,600 |
Available-for-sale debt securities: | ||
Net unrealized holding gains (losses) on debt securities | 87,228 | (331,834) |
Other comprehensive income (loss) for the period, net of tax | 87,228 | (331,834) |
Total comprehensive income (loss) | $ 157,926 | $ (249,234) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash flows from operating activities: | ||
Net income | $ 70,698 | $ 82,600 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 5,080 | 5,872 |
Amortization of intangible assets | 2,045 | 2,286 |
Provision for credit losses - expense (benefit) | 15,502 | (13,802) |
Deferred income tax expense (benefit) | 1,564 | 31,707 |
Stock-based compensation | 2,075 | 1,182 |
Unrealized loss (gain) on derivative instruments | 3 | (618) |
Net gain on disposals or sales, and impairments of premises and equipment and other assets | (8) | (26) |
Net gain on sales of loans and valuation adjustments | (766) | (2,461) |
Net amortization of discounts, premiums, and deferred loan fees and costs | 283 | (2,933) |
Originations and purchases of loans held for sale | (38,500) | (86,802) |
Sales and repayments of loans held for sale | 34,836 | 93,739 |
Amortization of broker placement fees | 44 | 35 |
Net amortization of premiums and discounts on investment securities | 630 | 1,690 |
Decrease in accrued interest receivable | 8,566 | 3,919 |
Increase (decrease) in accrued interest payable | 3,752 | (906) |
(Increase) decrease in other assets | 168 | 352 |
Increase (decrease) in other liabilities | 9,443 | (1,000) |
Net cash provided by operating activities | 115,415 | 114,834 |
Cash flows from investing activities: | ||
Net disbursements on loans held for investment | (71,193) | (48,370) |
Proceeds from sales of loans held for investment | 2,552 | 1,306 |
Proceeds from sales of repossessed assets | 12,347 | 9,361 |
Purchases of available-for-sale securities | 0 | (497,327) |
Proceeds from principal repayments and maturities of available-for-sale debt securities | 113,218 | 208,397 |
Proceeds from principal repayments and maturities of held-to-maturity debt securities | 6,652 | 400 |
Additions to premises and equipment | (1,689) | (6,764) |
Proceeds from sales of premises and equipment and other assets | 8 | 26 |
Net (purchases) redemptions of other investments securities | (11,360) | (21) |
Net cash provided by (used in) investing activities | 50,535 | (332,992) |
Cash flows from financing activities: | ||
Net decrease in deposits | (92,354) | (456,211) |
Net proceeds from short-term borrowings | 47,849 | 0 |
Repayments of long-term borrowings | 0 | (100,000) |
Proceeds from long-term borrowings | 300,000 | 0 |
Repurchase of outstanding common stock | (53,217) | (52,713) |
Dividends paid on common stock | (25,132) | (19,727) |
Net cash provided by (used in) financing activities | 177,146 | (628,651) |
Net increase (decrease) in cash and cash equivalents | 343,096 | (846,809) |
Cash and cash equivalents at beginning of year | 480,505 | 2,543,058 |
Cash and cash equivalents at end of year | 823,601 | 1,696,249 |
Cash and cash equivalents include: | ||
Cash and due from banks | 822,542 | 1,694,066 |
Money market instruments | 1,059 | 2,183 |
Cash and Cash Equivalents, at Carrying Value, Total | $ 823,601 | $ 1,696,249 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive (Loss) Income, net of tax [Member] |
Balance at beginning of period at Dec. 31, 2021 | $ 972,547 | $ 1,427,295 | $ (236,442) | $ (83,999) | |||
Common stock repurchases (See Note 17) | (52,713) | ||||||
Common stock issued stock-based compensation plan | (6,980) | 6,980 | |||||
Stock-based compensation | 1,182 | ||||||
Restricted stock forfeited | 22 | (22) | |||||
Net income | $ 82,600 | 82,600 | |||||
Dividends on common stock (2023 - $0.14 per share; 2022 - $0.10 per share) | (19,900) | ||||||
Other comprehensive (loss) income, net of tax | (331,834) | (331,834) | |||||
Balance at end of period at Mar. 31, 2022 | 1,781,102 | $ 22,366 | 966,771 | 1,489,995 | (282,197) | (415,833) | |
Balance at beginning of period at Dec. 31, 2022 | 1,325,540 | 970,722 | 1,644,209 | (506,979) | (804,778) | ||
Balance at beginning of period (ASU 2022-02) at Dec. 31, 2022 | $ (1,357) | ||||||
Common stock repurchases (See Note 17) | (53,217) | ||||||
Common stock issued stock-based compensation plan | (13,139) | 13,139 | |||||
Stock-based compensation | 2,075 | ||||||
Restricted stock forfeited | 254 | (254) | |||||
Net income | 70,698 | 70,698 | |||||
Dividends on common stock (2023 - $0.14 per share; 2022 - $0.10 per share) | (25,374) | ||||||
Other comprehensive (loss) income, net of tax | 87,228 | 87,228 | |||||
Balance at end of period at Mar. 31, 2023 | $ 1,405,593 | $ 22,366 | $ 959,912 | $ 1,688,176 | $ (547,311) | $ (717,550) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract] | ||
Common Stock Dividends Per Share Declared | $ 0.14 | $ 0.10 |
BASIS OF PRESENTATION AND SIGNI
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2023 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 – BASIS The statements”) Corporation’s Audited statements”) and note disclosures the United States SEC and, accordingly, these financial statements are included in the 2022 Annual Report on Form 10-K. All adjustments opinion of management, interim The results of operations year. Adoption Accounting Standards Update (“ASU”) 2022-02, “Financial Instruments and Vintage Disclosures” Effective requirements borrowers experiencing on vintage loan where a borrower be disclosed amount of contractual term extension, amend the Modifications Codification (“ASC”) following the requirements in existing allows difficulties. The experiencing to 2.1 1.3 driven by residential in Note The Corporation ● ASU 2022-01, ● ASU 2021-08, “Business With Customers” Recently Issued Accounting Standards Not Yet Standard Description Effective Date Effect on the financial statements ASU 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" In March 2023, the FASB issued ASU 2023-02 which, among other things, allows tax equity investments, regardless of the tax credit program from which the income tax credits are received, to be accounted for using the proportional amortization method if certain conditions are met and requires specific disclosures of such investments. The election needs to be made on a tax-credit- program-by-tax-credit-program basis. January 1, 2024. Early adoption is permitted in any interim period. The Corporation does not expect to be impacted by the amendments of this ASU since it does not hold tax equity investments. ASU 2023-01, "Leases (Topic 842): Common Control Arrangements" In March 2023, the FASB issued ASU 2023-01 which, among other things, generally requires a lessee in a common-control lease arrangement to amortize leasehold improvements over the useful life regardless of the lease term, subject to certain exceptions. In addition, a lessee that no longer controls the use of the underlying asset will account for the transfer of the underlying asset as an adjustment to equity. January 1, 2024. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Corporation is evaluating the impact that this ASU will have on its financial statements. The Corporation does not expect to be materially impacted by the adoption of this ASU during the first quarter of 2024. For Significant Accounting Policies, to the audited consolidated financial |
DEBT SECURITIES
DEBT SECURITIES | 3 Months Ended |
Mar. 31, 2023 | |
DEBT SECURITIES [Abstract] | |
DEBT SECURITIES | NOTE 2 – DEBT SECURITIES Available-for-Sale The amortized debt securities by contractual maturities as of March 31, 2023 were as follows: March 31, 2023 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 27,744 $ - $ 890 $ - $ 26,854 0.61 120,916 - 7,348 - 113,568 0.69 U.S. government-sponsored entities (“GSEs”) obligations: 189,174 - 5,100 - 184,074 0.42 2,349,522 22 190,986 - 2,158,558 0.84 41,916 8 4,998 - 36,926 1.64 11,625 27 - - 11,652 5.15 Puerto Rico government obligations: (2) 3,302 - 733 366 2,203 - United States and Puerto Rico government obligations 2,744,199 57 210,055 366 2,533,835 0.83 Mortgage-backed securities (“MBS”): 10,023 - 454 - 9,569 1.98 187,007 - 15,912 - 171,095 1.56 1,068,680 - 170,021 - 898,659 1.41 1,265,710 - 186,387 - 1,079,323 1.44 3 - - - 3 2.42 23,293 - 1,253 - 22,040 1.31 33,939 - 2,720 - 31,219 1.69 225,680 119 24,080 - 201,719 2.58 282,915 119 28,053 - 254,981 2.37 24,446 - 1,249 - 23,197 1.72 353,397 - 28,963 - 324,434 1.74 1,133,757 104 168,025 - 965,836 1.37 1,511,600 104 198,237 - 1,313,467 1.47 296,022 - 52,540 - 243,482 1.49 7,695 - 2,210 83 5,402 7.25 Total Residential MBS 3,363,942 223 467,427 83 2,896,655 1.55 27,584 7 4,551 - 23,040 2.27 44,584 - 4,929 - 39,655 1.90 120,387 - 24,316 - 96,071 1.23 Total Commercial MBS 192,555 7 33,796 - 158,766 1.53 Total MBS 3,556,497 230 501,223 83 3,055,421 1.54 Total available-for-sale debt securities $ 6,300,696 $ 287 $ 711,278 $ 449 $ 5,589,256 1.23 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.7 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the Puerto Rico Housing Finance Authority (“PRHFA”) that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010 and is in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. The amortized debt securities by contractual maturities as of December 31, 2022 December 31, 2022 Amortized cost Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 7,493 $ - $ 309 $ - $ 7,184 0.22 141,366 - 9,675 - 131,691 0.70 U.S. GSEs’ obligations: 129,018 - 4,036 - 124,982 0.32 2,395,273 22 227,724 - 2,167,571 0.83 56,251 13 7,670 - 48,594 1.54 12,170 36 - - 12,206 4.62 Puerto Rico government obligations: (2) 3,331 - 755 375 2,201 - United States and Puerto Rico government obligations 2,744,902 71 250,169 375 2,494,429 0.83 MBS: 4,235 - 169 - 4,066 2.33 201,072 - 18,709 - 182,363 1.55 1,092,289 - 186,558 - 905,731 1.38 1,297,596 - 205,436 - 1,092,160 1.41 5 - - - 5 1.73 15,508 - 622 - 14,886 2.00 45,322 1 3,809 - 41,514 1.31 232,632 51 27,169 - 205,514 2.47 293,467 52 31,600 - 261,919 2.27 9,685 - 521 - 9,164 1.76 358,346 - 31,620 - 326,726 1.68 1,186,635 124 186,757 - 1,000,002 1.38 1,554,666 124 218,898 - 1,335,892 1.45 302,232 - 56,539 - 245,693 1.44 7,903 - 2,026 83 5,794 6.83 Total Residential MBS 3,455,864 176 514,499 83 2,941,458 1.52 30,578 - 4,463 - 26,115 2.43 44,889 - 5,603 - 39,286 1.89 121,464 - 23,732 - 97,732 1.23 Total Commercial MBS 196,931 - 33,798 - 163,133 1.56 Total MBS 3,652,795 176 548,297 83 3,104,591 1.52 Other Due within one year 500 - - - 500 0.84 Total available-for-sale debt securities $ 6,398,197 $ 247 $ 798,466 458 $ 5,599,520 1.22 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 11.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010 and is in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. Maturities differ available-for-sale unrealized The aggregated by of March 31, 2023 and December 31, 2022. The tables also include debt securities for As of March 31, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs’ $ 17,615 $ 611 $ 2,496,925 $ 208,711 $ 2,514,540 $ 209,322 Puerto Rico government obligations - - 2,203 733 (1) 2,203 733 21,354 710 1,057,950 185,677 1,079,304 186,387 45,949 868 197,581 27,185 243,530 28,053 41,186 1,741 1,262,700 196,496 1,303,886 198,237 10,596 117 232,886 52,423 243,482 52,540 - - 5,402 2,210 (1) 5,402 2,210 3,833 220 148,640 33,576 152,473 33,796 $ 140,533 $ 4,267 $ 5,404,287 $ 707,011 $ 5,544,820 $ 711,278 7923 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.1 As of December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs’ $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 Puerto Rico government obligations - - 2,201 755 (1) 2,201 755 260,524 45,424 831,637 160,012 1,092,161 205,436 74,829 3,433 179,854 28,167 254,683 31,600 405,977 49,479 920,200 169,419 1,326,177 218,898 45,370 6,735 200,323 49,804 245,693 56,539 - - 5,794 2,026 (1) 5,794 2,026 30,179 2,215 132,953 31,583 163,132 33,798 $ 1,115,192 $ 125,343 $ 4,447,686 $ 673,123 $ 5,562,878 $ 798,466 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 0.1 Assessment for Credit Losses Debt securities substantially securities, attributable to government recovery, Corporation’s for which credit losses are evaluated on a quarterly basis. The 5.4 unrealized losses 2.3 0.1 of The interest rate on these private-label MBS is variable, tied to 3-month LIBOR, and limited to the weighted-average coupon on the underlying collateral. ZZ, Overnight Financing ceases publication The underlying collateral is fixed-rate, single-family residential mortgage loans in the United States with original FICO scores over 700 and moderate loan-to-value ratios (under 80%), as well as moderate delinquency levels. March required to sell the securities before adjusted probability of loan-to-value attributes, and relevant the housing price as of the reporting date. Significant assumptions in the valuation of As of As of March 31, 2023 December 31, 2022 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 16.0% 16.0% 16.0% 16.2% 16.2% 16.2% Prepayment rate 9.2% 1.6% 12.6% 11.8% 1.5% 15.2% Projected cumulative loss rate 5.2% 0.2% 14.9% 5.6% 0.3% 15.6% The Corporation flows. As of each of March 31, 2023 and December 31, 2022, the 0.1 As of issued by 2.2 approximately 1.1 0.4 ACL. The underlying residential pass-through repayment on this provides During mortgage loans collateral. considered the historical payment regional expected compared outstanding factors, economy or fiscal health of of required to sell the security before its anticipated recovery. available-for-sale debt securities: Quarter Ended March 31, 2023 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 375 $ 458 Provision for credit losses - benefit - (9) (9) $ 83 $ 366 $ 449 Quarter Ended March 31, 2022 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 797 $ 308 $ 1,105 Provision for credit losses - benefit (388) - (388) Net charge-offs (6) - (6) $ 403 $ 308 $ 711 Held-to-Maturity Debt Securities The maturities of held-to-maturity debt securities as of March 31, 2023 and : March 31, 2023 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,204 $ - $ 10 $ 1,194 $ 24 5.70 42,633 679 1,001 42,311 659 6.74 55,940 1,482 603 56,819 2,918 7.10 66,023 - 1,804 64,219 4,045 8.12 Total Puerto Rico municipal bonds 165,800 2,161 3,418 164,543 7,646 7.40 MBS: FHLMC certificates: After 5 to 10 years $ 20,129 $ - $ 762 $ 19,367 $ - 3.03 After 10 years 19,176 - 596 18,580 - 4.30 39,305 - 1,358 37,947 - 3.65 GNMA certificates: ` After 10 years 18,502 - 795 17,707 - 3.31 FNMA certificates: After 10 years 71,258 - 2,190 69,068 - 4.16 CMOs: After 10 years 32,522 - 1,154 31,368 - 3.49 Total Residential MBS 161,587 - 5,497 156,090 - 3.81 After 1 to 5 years 9,576 - 348 9,228 - 3.48 After 10 years 94,432 - 4,541 89,891 - 3.15 Total Commercial MBS 104,008 - 4,889 99,119 - 3.18 Total MBS 265,595 - 10,386 255,209 - 3.56 Total held-to-maturity debt securities $ 431,395 $ 2,161 $ 13,804 $ 419,752 $ 7,646 5.04 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 3.7 consolidated statements of financial condition, and is excluded from the estimate of credit losses. December 31, 2022 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 42,530 886 1,076 42,340 656 6.34 55,956 3,182 360 58,778 3,243 6.29 66,022 - 1,318 64,704 4,385 7.10 Total held-to-maturity debt securities $ 165,710 $ 4,068 $ 2,769 $ 167,009 $ 8,286 6.62 MBS: FHLMC certificates: After 5 to 10 years $ 21,443 $ - $ 746 $ 20,697 $ - 3.03 After 10 years 19,362 - 888 18,474 - 4.21 40,805 - 1,634 39,171 - 3.59 GNMA certificates: ` After 10 years 19,131 - 943 18,188 - 3.35 FNMA certificates: After 10 years 72,347 - 3,155 69,192 - 4.14 CMOs: After 10 years 34,456 - 1,424 33,032 - 3.49 Total Residential MBS 166,739 - 7,156 159,583 - 3.78 After 1 to 5 years 9,621 - 396 9,225 - 3.48 After 10 years 95,467 - 4,169 91,298 - 3.15 Total Commercial MBS 105,088 - 4,565 100,523 - 3.18 Total MBS 271,827 - 11,721 260,106 - 3.55 Total held-to-maturity debt securities $ 437,537 $ 4,068 $ 14,490 $ 427,115 $ 8,286 4.71 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 5.5 consolidated statements of financial condition, and is excluded from the estimate of credit losses. The aggregated by 31, 2023 and December 31, 2022, including debt securities for which As of March 31, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 108,266 $ 3,418 $ 108,266 $ 3,418 37,947 1,358 - - 37,947 1,358 17,707 795 - - 17,707 795 69,068 2,190 - - 69,068 2,190 31,368 1,154 - - 31,368 1,154 99,119 4,889 - - 99,119 4,889 Total held-to-maturity debt securities $ 255,209 $ 10,386 $ 108,266 $ 3,418 $ 363,475 $ 13,804 As of December 31, 2022 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 98,797 $ 2,769 $ 98,797 $ 2,769 39,171 1,634 - - 39,171 1,634 18,188 943 - - 18,188 943 69,192 3,155 - - 69,192 3,155 33,032 1,424 - - 33,032 1,424 100,523 4,565 - - 100,523 4,565 Total held-to-maturity debt securities $ 260,106 $ 11,721 $ 98,797 $ 2,769 $ 358,903 $ 14,490 The GSEs portfolio were rating agencies and have a ACL based on as described statements included in the 2022 Annual Report on Form 10-K. The Corporation to scheduled due under the 7.6 to $ 8.3 of certain bond issuers received during the first quarter of 2023. ended March 31, 2023 and 2022: Puerto Rico Municipal Bonds Quarter Ended March 31, 2023 March 31, 2022 (In thousands) Beginning Balance $ 8,286 $ 8,571 Provision for credit losses - (benefit) expense (640) 3,753 ACL on held-to-maturity debt securities $ 7,646 $ 12,324 During the municipalities effects situation, or measures included fiscal government entities in charges to the ACL on these securities will be required. considered condition. As classified as cash and cash equivalents. Credit Quality Indicators: The held-to-maturity debt securities ’ MBS and financing arrangements issued in bonds Accordingly, the are generally updated Mention, assets are considered the audited consolidated financial statements included in the 2022 Annual The credit losses on risk rating classification of the obligor. The administratively Bank’s debt rating assessment evaluation of granting process. Based a sound credit process. The Loan Review Group reports the results of the credit As of Pass. |
LOANS HELD FOR INVESTMENT
LOANS HELD FOR INVESTMENT | 3 Months Ended |
Mar. 31, 2023 | |
LOANS HELD FOR INVESTMENT [Abstract] | |
LOAN HELD FOR INVESTMENT | NOTE 3 – LOANS HELD FOR INVESTMENT The geographic locations As of March 31, As of December 31, 2023 2022 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,381,782 $ 2,417,900 Construction loans 48,195 34,772 Commercial mortgage loans 1,829,173 1,834,204 Commercial and Industrial ("C&I") loans 1,941,228 1,860,109 Consumer loans 3,398,245 3,317,489 Loans held for investment $ 9,598,623 $ 9,464,474 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 429,746 $ 429,390 Construction loans 95,469 98,181 Commercial mortgage loans 524,486 524,647 C&I loans 920,961 1,026,154 Consumer loans 8,700 9,979 Loans held for investment $ 1,979,362 $ 2,088,351 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,811,528 $ 2,847,290 Construction loans 143,664 132,953 Commercial mortgage loans 2,353,659 2,358,851 C&I loans (1) 2,862,189 2,886,263 Consumer loans 3,406,945 3,327,468 Loans held for investment (2) 11,577,985 11,552,825 ACL on loans and finance leases (265,567) (260,464) Loans held for investment, net $ 11,312,418 $ 11,292,361 (1) As of March 31, 2023 and December 31, 2022, includes $ 837.8 838.5 the primary source of repayment at origination was not dependent (2) Includes accretable fair value net purchase discounts of $ 28.3 29.3 When a income totaled $ 0.6 0.4 2023 and 2022, the cash interest income recognized on nonaccrual loans 0.5 0.4 As of were in 62.6 27.2 loans, and 8.8 The Corporation foreclosure 120 timelines delayed due to, among other reasons, mandatory mediations, bankruptcy, As of March 31, 2023 Days Past Due and Accruing Current 30-59 60-89 90+ (1) (2) (3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 67,977 $ - $ 1,869 $ 41,723 $ - $ 111,569 $ - (2) (6) 2,626,542 - 23,367 13,640 36,410 2,699,959 2,250 Commercial loans: 141,870 - - - 1,794 143,664 972 (2) (6) 2,323,116 509 507 7,929 21,598 2,353,659 15,787 2,840,568 1,438 424 6,355 13,404 2,862,189 1,858 Consumer loans: 1,780,593 34,754 6,380 - 11,138 1,832,865 3,342 743,656 8,056 1,562 - 2,208 755,482 344 353,214 4,160 2,098 - 1,263 360,735 - 299,387 3,989 2,518 4,733 - 310,627 - 143,035 1,916 958 - 1,327 147,236 21 $ 11,319,958 $ 54,822 $ 39,683 $ 74,380 $ 89,142 $ 11,577,985 $ 24,574 (1) It is the Corporation's policy to report delinquent Federal Housing Authority (“FHA”)/Veterans Affairs (“VA”) to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 25.9 (2) Includes purchased credit deteriorated ("PCD") loans previously accounted for under ASC Subtopic 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" ("ASC Subtopic 310-30") for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 10.4 9.4 1.0 the loans past due 90 days or more and still accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.1 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 15.2 (5) Includes $ 0.3 (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of March 31, 2023 amounted to $ 5.3 60.7 1.1 respectively. As of December 31, 2022 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 67,116 $ - $ 2,586 $ 48,456 $ - $ 118,158 $ - (2) (6) 2,643,909 - 25,630 16,821 42,772 2,729,132 2,292 Commercial loans: 130,617 - - 128 2,208 132,953 977 (2) (6) 2,330,094 300 2,367 3,771 22,319 2,358,851 15,991 2,868,989 1,984 1,128 6,332 7,830 2,886,263 3,300 Consumer loans: 1,740,271 40,039 7,089 - 10,672 1,798,071 2,136 707,646 7,148 1,791 - 1,645 718,230 330 346,366 3,738 1,894 - 1,248 353,246 - 301,013 3,705 2,238 4,775 - 311,731 - 141,687 1,804 1,458 - 1,241 146,190 - $ 11,277,708 $ 58,718 $ 46,181 $ 80,283 $ 89,935 $ 11,552,825 $ 25,026 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 28.2 guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 12.0 11.0 residential mortgage loans and $ 1.0 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.3 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.3 (5) Includes $ 0.3 (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $ 6.1 65.2 1.6 respectively. Credit Quality Indicators: The Corporation their debt economic construction commercial amount of review process of definition discussed in 10-K. For residential mortgage and consumer loans, the Corporation also evaluates credit Based on origination year based 2023 by based on the internal credit-risk category as of December 31, 2022, was as follows: As of March 31, Puerto Rico and Virgin Islands region Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 3,885 $ - $ 45,715 $ 31,879 - - - - - - - - - - - - - - 2,480 - 2,480 2,893 - - - - - - - - - - - - - - - - - - $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 6,365 $ - $ 48,195 $ 34,772 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 67,469 $ 391,295 $ 139,536 $ 325,141 $ 301,638 $ 400,794 $ 478 $ 1,626,351 $ 1,655,728 - 1,177 - 36,546 75 131,350 - 169,148 145,415 - 132 - - 2,797 30,745 - 33,674 33,061 - - - - - - - - - - - - - - - - - - $ 67,469 $ 392,604 $ 139,536 $ 361,687 $ 304,510 $ 562,889 $ 478 $ 1,829,173 $ 1,834,204 $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I $ 70,739 $ 303,603 $ 188,155 $ 181,284 $ 308,225 $ 254,283 $ 565,758 $ 1,872,047 $ 1,789,572 - 132 839 - 1,029 12,885 32,322 47,207 43,224 - - 396 652 13,430 7,117 379 21,974 27,313 - - - - - - - - - - - - - - - - - - $ 70,739 $ 303,735 $ 189,390 $ 181,936 $ 322,684 $ 274,285 $ 598,459 $ 1,941,228 $ 1,860,109 $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. As of March 31, Term Loans As of December 31, 2022 Florida region Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 3,529 $ 177,392 $ 70,147 $ 41,024 $ 51,320 $ 140,177 $ 19,551 $ 503,140 $ 503,184 - - - 6,947 13,231 - - 20,178 20,295 - - - 1,168 - - - 1,168 1,168 - - - - - - - - - - - - - - - - - - $ 3,529 $ 177,392 $ 70,147 $ 49,139 $ 64,551 $ 140,177 $ 19,551 $ 524,486 $ 524,647 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 36,642 $ 276,868 $ 134,512 $ 75,953 $ 183,443 $ 72,650 $ 92,816 $ 872,884 $ 979,151 - - 19,677 - 5,974 11,725 - 37,376 17,905 - - - 264 195 2,854 300 3,613 29,098 - - - - - 7,088 - 7,088 - - - - - - - - - - $ 36,642 $ 276,868 $ 154,189 $ 76,217 $ 189,612 $ 94,317 $ 93,116 $ 920,961 $ 1,026,154 $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, Total Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 3,885 $ 2,476 $ 141,184 $ 130,060 - - - - - - - - - - - - - - 2,480 - 2,480 2,893 - - - - - - - - - - - - - - - - - - $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 6,365 $ 2,476 $ 143,664 $ 132,953 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 70,998 $ 568,687 $ 209,683 $ 366,165 $ 352,958 $ 540,971 $ 20,029 $ 2,129,491 $ 2,158,912 - 1,177 - 43,493 13,306 131,350 - 189,326 165,710 - 132 - 1,168 2,797 30,745 - 34,842 34,229 - - - - - - - - - - - - - - - - - - $ 70,998 $ 569,996 $ 209,683 $ 410,826 $ 369,061 $ 703,066 $ 20,029 $ 2,353,659 $ 2,358,851 $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I $ 107,381 $ 580,471 $ 322,667 $ 257,237 $ 491,668 $ 326,933 $ 658,574 $ 2,744,931 $ 2,768,723 - 132 20,516 - 7,003 24,610 32,322 84,583 61,129 - - 396 916 13,625 9,971 679 25,587 56,411 - - - - - 7,088 - 7,088 - - - - - - - - - - $ 107,381 $ 580,603 $ 343,579 $ 258,153 $ 512,296 $ 368,602 $ 691,575 $ 2,862,189 $ 2,886,263 $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. Accrued 49.4 53.1 reported as and is excluded from the estimate of credit losses. The determining the ACL as of March 31, 2023 and December 31, 2022 As of March 31, 2023 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 34,257 $ 2,410 $ 152 $ 34,409 $ 2,410 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,449 896 61,851 64,300 896 C&I loans 1,789 347 13,331 15,120 347 Consumer loans: Personal loans 55 1 - 55 1 Other consumer loans - - - - - $ 38,550 $ 3,654 $ 76,290 $ 114,840 $ 3,654 The allowance related portfolio historical consumer consisted value coverage for 69 %, compared to 70 % as of December not considered a significant change in the extent to which collateral secured these Purchases and Sales of Loans In GSEs, such as FNMA and FHLMC. During the quarters ended March approximately $ 29.4 41.5 0.9 and 1.3 8.0 performing residential 0.2 during the quarter ended March 31, 50.0 2.4 mortgage loans to 2.1 0.1 million, respectively. addition, agreement. These mortgage was properly underwritten according to established guidelines). For loans on or the obligation, to to regardless of its were included in the residential mortgage loan portfolio amounted 7.1 10.4 During option, $ 1.5 0.5 is fully interest payment which are maintain acceptable delinquency Historically, losses of sale. Loan sales to FNMA and FHLMC are without recourse in relation loss deficiencies. No Corporation purchased certain C&I loan participations in the Florida region 46.4 Loan Portfolio Concentration The Corporation’s and BVI markets $ 11.6 80 % in Puerto 17 % in the 3 % in USVI and BVI. As 170.9 municipalities and 169.8 $ 102.7 property 28.0 vast provided amounts extended to municipalities, 10.2 loans granted Rico Electric Power Authority 30.0 corporations of the Puerto Rico government. In addition, 82.9 by 84.7 million as of the guarantees serve to cover shortfalls in collateral in the event of a borrower default. The Corporation also has credit exposure $ 38.7 loans to USVI 38.0 were currently performing and up to date on principal and interest payments. Loss Mitigation Program for Borrowers Experiencing The Corporation upon the nature other restructurings of modify See Note 1 – Basis of Presentation and Significant loan modifications granted to borrowers experiencing financial difficulty. The include the following: - Forbearance plans – exceeding maturity date or by extending the loan’s - Payment during a period generally not exceeding its regularly scheduled loan payments. - Trial modifications reduced monthly payments during by the since contractually modified. Modifications combination financial difficulty are disclosed in the tables below. The change including 0.9 restructured ended March 31, 2023. Quarter Ended March 31, 2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 23 $ 2,996 $ 2,993 Construction loans - - - Commercial mortgage loans - - - C&I loans 1 5 5 Consumer loans: 51 995 993 13 264 264 5 78 78 44 189 189 27 146 148 164 $ 4,673 $ 4,670 Loan modifications both preceding the default date, were as follows: Quarter Ended March 31, 2022 Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 3 $ 389 Construction loans - - Commercial mortgage loans - - C&I loans - - Consumer loans: 24 522 1 16 - - 11 79 2 11 41 $ 1,017 As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Conventional residential mortgage loans: Accrual Status: Performing $ 24,859 $ 171,599 $ 74,692 $ 31,497 $ 47,705 $ 1,891,603 $ - $ 2,241,955 $ 2,265,013 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total conventional residential mortgage loans $ 24,859 $ 171,599 $ 74,727 $ 31,497 $ 47,705 $ 1,920,561 $ - $ 2,270,948 $ 2,300,484 Total: Accrual Status: Performing $ 24,859 $ 172,295 $ 75,140 $ 32,262 $ 49,262 $ 1,998,971 $ - $ 2,352,789 $ 2,382,429 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 24,859 $ 172,295 $ 75,175 $ 32,262 $ 49,262 $ 2,027,929 $ - $ 2,381,782 $ 2,417,900 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Conventional residential mortgage loans: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,192 $ - $ 421,594 $ 421,347 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total conventional residential mortgage loans $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 224,344 $ - $ 429,011 $ 428,648 Total: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,927 $ - $ 422,329 $ 422,089 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total residential mortgage loans in Florida region $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 225,079 $ - $ 429,746 $ 429,390 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Conventional residential mortgage loans: Accrual Status: Performing $ 38,091 $ 253,218 $ 123,683 $ 62,654 $ 77,108 $ 2,108,795 $ - $ 2,663,549 $ 2,686,360 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total conventional residential mortgage loans $ 38,091 $ 253,218 $ 123,718 $ 62,654 $ 77,373 $ 2,144,905 $ - $ 2,699,959 $ 2,729,132 Total: Accrual Status: Performing $ 38,091 $ 253,914 $ 124,131 $ 63,419 $ 78,665 $ 2,216,898 $ - $ 2,775,118 $ 2,804,518 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total residential mortgage loans $ 38,091 $ 253,914 $ 124,166 $ 63,419 $ 78,930 $ 2,253,008 $ - $ 2,811,528 $ 2,847,290 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,331 $ 115,561 $ - $ 1,818,950 $ 1,783,782 Non-Performing - 2,419 2,243 1,347 2,708 2,399 - 11,116 10,596 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,039 $ 117,960 $ - $ 1,830,066 $ 1,794,378 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 632 $ 365 $ - $ 4,520 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,647 $ 163,311 $ 49,275 $ 25,703 $ 46,765 $ 29,411 $ - $ 359,112 $ 351,664 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,647 $ 163,801 $ 49,463 $ 25,820 $ 46,994 $ 29,650 $ - $ 360,375 $ 352,912 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,230 $ 17,612 $ 8,219 $ 9,851 $ 6,468 $ 8,700 $ 140,493 $ 139,116 Non-Performing - 540 171 59 104 230 98 1,202 1,122 Total other consumer loans $ 23,413 $ 66,770 $ 17,783 $ 8,278 $ 9,955 $ 6,698 $ 8,798 $ 141,695 $ 140,238 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 312,855 $ 1,150,429 $ 728,321 $ 350,486 $ 317,368 $ 203,670 $ 319,327 $ 3,382,456 $ 3,302,878 Non-Performing - 4,000 2,824 1,956 3,417 3,494 98 15,789 14,611 Total consumer loans in Puerto Rico and Virgin Islands region $ 312,855 $ 1,154,429 $ 731,145 $ 352,442 $ 320,785 $ 207,164 $ 319,425 $ 3,398,245 $ 3,317,489 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,823 $ 1,127 $ 4,148 $ 16,643 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans: Accrual Status: Performing $ - $ - $ - $ - $ 259 $ 2,518 $ - $ 2,777 $ 3,617 Non-Performing - - - - - 22 - 22 76 Total auto loans $ - $ - $ - $ - $ 259 $ 2,540 $ - $ 2,799 $ 3,693 Charge-offs on auto loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Non-Performing - - - - - - - - - Total personal loans $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Charge-offs on personal loans $ - $ - $ - $ - $ - $ - $ - $ - Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans: Accrual Status: Performing $ - $ 49 $ 229 $ 460 $ - $ 2,455 $ 2,223 $ 5,416 $ 5,833 Non-Performing - - - - - 21 104 125 119 Total other consumer loans $ - $ 49 $ 229 $ 460 $ - $ 2,476 $ 2,327 $ 5,541 $ 5,952 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total: Performing $ 274 $ 57 $ 300 $ 467 $ 259 $ 4,973 $ 2,223 $ 8,553 $ 9,784 Non-Performing - - - - - 43 104 147 195 Total consumer loans in Florida region $ 274 $ 57 $ 300 $ 467 $ 259 $ 5,016 $ 2,327 $ 8,700 $ 9,979 Charge-offs on total consumer loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,590 $ 118,079 $ - $ 1,821,727 $ 1,787,399 Non-Performing - 2,419 2,243 1,347 2,708 2,421 - 11,138 10,672 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,298 $ 120,500 $ - $ 1,832,865 $ 1,798,071 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 640 $ 512 $ - $ 4,675 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,921 $ 163,319 $ 49,346 $ 25,710 $ 46,765 $ 29,411 $ - $ 359,472 $ 351,998 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,921 $ 163,809 $ 49,534 $ 25,827 $ 46,994 $ 29,650 $ - $ 360,735 $ 353,246 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,279 $ 17,841 $ 8,679 $ 9,851 $ 8,923 $ 10,923 $ 145,909 $ 144,949 Non-Performing - 540 171 59 104 251 202 1,327 1,241 Total other consumer loans $ 23,413 $ 66,819 $ 18,012 $ 8,738 $ 9,955 $ 9,174 $ 11,125 $ 147,236 $ 146,190 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 313,129 $ 1,150,486 $ 728,621 $ 350,953 $ 317,627 $ 208,643 $ 321,550 $ 3,391,009 $ 3,312,662 Non-Performing - 4,000 2,824 1,956 3,417 3,537 202 15,936 14,806 Total consumer loans $ 313,129 $ 1,154,486 $ 731,445 $ 352,909 $ 321,044 $ 212,180 $ 321,752 $ 3,406,945 $ 3,327,468 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,831 $ 1,274 $ 4,148 $ 16,798 (1) Excludes accrued interest receivable. As of December 31, 2022 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 36,206 $ 2,571 $ - $ 36,206 $ 2,571 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,466 897 62,453 64,919 897 C&I loans 1,513 322 17,590 19,103 322 Consumer loans: Personal loans 56 1 64 120 1 Other consumer loans 207 29 - 207 29 $ 40,448 $ 3,820 $ 81,063 $ 121,511 $ 3,820 The Corporation’s portfolio classes as of March 31, 2023 and December 31, 2022 are as follows: The following accrual status as of March 31, 2023, year, and the amortized cost of residential mortgage The status as the amortized cost of consumer loans by portfolio classes based on accrual status as of The following table presents the amortized cost basis as of March 31, 2023 of loans modified difficulty during the quarter ended March 31, 2023, by portfolio modified loans relative to the total period-end amortized cost basis of receivables Quarter Ended March 31, Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Forgiveness of principal and/or interest Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 332 $ - $ 433 $ 115 $ - $ - $ 880 0.03% Construction loans - - - - - - - - - - Commercial mortgage loans - - - - - - - - - - C&I loans - - - - - - - 40 (1) 40 0.00% Consumer loans: Auto loans - - - - 89 38 - 584 (1) 711 0.04% Personal loans - - - - 28 14 - - 42 0.01% Credit cards - - - 289 (2) - - - - 289 0.09% Other consumer loans - - - - 132 60 - 26 (1) 218 0.15% $ - $ - $ 332 $ 289 $ 682 $ 227 $ - $ 650 $ 2,180 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. Quarter Ended March 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 215 $ 731 $ 190 $ - $ 1,857 $ 2,993 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 5 5 Consumer loans: Auto loans 792 54 147 - - 993 Finance leases - 246 - - 18 264 Personal loans - 60 18 - - 78 Credit cards (2) 189 - - - - 189 Other consumer loans 33 106 - 9 - 148 Total TDRs $ 1,229 $ 1,197 $ 355 $ 9 $ 1,880 $ 4,670 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation The following table presents the financial effects of the modifications during the quarter ended March 31, 2023, by portfolio classes, other effects of the modifications associated to payment delay were discussed Quarter Ended March 31, 2023 Combination of Interest Rate Reduction and Term Extension Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Forgiveness of Principal and/or Interest (In thousands) Conventional residential mortgage loans - 98 2.11% 141 $ - Construction loans - - - - - Commercial mortgage loans - - - - - C&I loans - - - - - Consumer loans: Auto loans - 22 2.88% 28 - Personal loans - 30 3.36% 12 - Credit cards 16.04% - - - - Other consumer loans - 27 1.96% 26 - The following table presents the performance of loans modified during the quarter borrowers experiencing financial difficulty, Quarter Ended March 31, 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 880 $ 880 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 40 40 Consumer loans: Auto loans 44 138 - 182 529 711 Personal loans - - - - 42 42 Credit cards 103 89 - 192 97 289 Other consumer loans - - - - 218 218 $ 147 $ 227 $ - $ 374 $ 1,806 $ 2,180 Troubled Debt Prior related “Nature of Financial Statements loans completed during the quarter ended March 31, 2022: There default quarter ended March 31, 2023. |
ALLOWANCE FOR CREDIT LOSSES ON
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES | 3 Months Ended |
Mar. 31, 2023 | |
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES [Abstract] | |
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES | NOTE 4 – ALLOWANCE The following tables present the activity in the ACL on loans and finance leases by portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended March 31, 2023 (In thousands) ACL: Beginning balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Impact of adoption of ASU 2022-02 2,056 - - 7 53 2,116 Provision for credit losses - expense (benefit) 73 860 1,246 (1,650) 15,727 16,256 Charge-offs (983) - (18) (118) (16,798) (17,917) Recoveries 497 63 168 90 3,830 4,648 Ending balance $ 64,403 $ 3,231 $ 36,460 $ 31,235 $ 130,238 $ 265,567 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended March 31, (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (4,871) (2,214) (22,640) 1,755 10,981 (16,989) Charge-offs (2,528) (44) (37) (290) (9,816) (12,715) Recoveries 1,382 52 44 1,035 3,608 6,121 Ending balance $ 68,820 $ 1,842 $ 30,138 $ 36,784 $ 107,863 $ 245,447 The Significant Accounting for each portfolio segment. The Corporation applie the related increases by the FED. As of March 31, 2023, the ACL for loans and finance leases was $ 265.6 5.1 260.5 of quarter as a result of 5.0 loan in the Florida region in the power generation industry; and $ 1.1 of certain forecasted reserve decreases 6.1 of a $ 24.3 increased by $ 2.9 historical charge-off levels. The ACL for 1.6 2.1 increase in cash beginning – information related to the adoption of ASU 2022-02 during the first quarter Total 6.7 13.3 in 2022. The variance consisted of a $ 6.8 portfolio classes, and 0.6 $ 0.7 The tables below March 31, As of March 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,811,528 $ 143,664 $ 2,353,659 $ 2,862,189 $ 3,406,945 $ 11,577,985 64,403 3,231 36,460 31,235 130,238 265,567 2.29 % 2.25 % 1.55 % 1.09 % 3.82 % 2.29 % As of December 31, 2022 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,847,290 $ 132,953 $ 2,358,851 $ 2,886,263 $ 3,327,468 $ 11,552,825 62,760 2,308 35,064 32,906 127,426 260,464 2.20 % 1.74 % 1.49 % 1.14 % 3.83 % 2.25 % In credit commercial and construction Matters, 2022. Nature of Business and Summary of Accounting Policies, Report 4.2 4.3 million as of December 31, 2022. The following ended March 31, 2023 and 2022: Quarter Ended March 31, 2023 2022 (In thousands) Beginning Balance $ 4,273 $ 1,537 Provision for credit losses - (benefit) (105) (178) $ 4,168 $ 1,359 |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 3 Months Ended |
Mar. 31, 2023 | |
OTHER REAL ESTATE OWNED [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 5 – OTHER REAL ESTATE The following table presents the OREO inventory as of the indicated dates: March 31, 2023 December 31, 2022 (In thousands) OREO balances, carrying value: Residential (1) $ 24,984 $ 24,025 Commercial 6,114 5,852 Construction 1,764 1,764 Total $ 32,862 $ 31,641 (1) Excludes $ 22.6 23.5 Residential Real condition. See Note 18 and 2022. |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES | 3 Months Ended |
Mar. 31, 2023 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
GOODWILL AND OTHER INTANGIBLES | NOTE 6 – GOODWILL AND OTHER INTANGIBLES Goodwill Goodwill as 38.6 The Corporation’s policy is to assess goodwill and other intangibles for impairment on an annual basis during the fourth quarter of each year, and more frequently if events or circumstances lead management to believe that the values of goodwill or other intangibles may be impaired. During the fourth quarter of 2022, management performed a qualitative analysis over the carrying amount of each relevant reporting units’ goodwill and concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. This assessment involved identifying the inputs and assumptions that most affect fair value, including evaluating significant and relevant events impacting each reporting entity, and evaluating such factors to determine if a positive assertion can be made that it is more-likely- than-not that the fair value of the reporting units exceeded their carrying amount. As of December 31, 2022, the Corporation concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. The Corporation determined that there have been no significant events since the last annual assessment that could indicate potential goodwill impairment on reporting units for which the goodwill is allocated. As a result, no impairment charges for goodwill were recorded during the quarter ended March 31, 2023. There were no Other Intangible Assets The amortization as of the indicated dates: As of As of March 31, December 31, 2023 2022 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (68,557) (66,644) Net carrying amount $ 18,987 $ 20,900 Remaining amortization period (in years) 6.8 7.0 Purchased credit card relationship intangible: Gross amount $ 3,800 $ 3,800 Accumulated amortization (3,714) (3,595) Net carrying amount $ 86 $ 205 Remaining amortization period (in years) 0.4 0.7 Insurance customer relationship intangible: Gross amount $ - $ 1,067 Accumulated amortization - (1,054) Net carrying amount $ - $ 13 Remaining amortization period (in years) - 0.1 During 2.0 2.3 amortization expense on its other intangibles subject to amortization. The Corporation amortizes core deposit intangibles and customer relationship intangible based on the projected useful lives of the related deposits in the case of core deposit intangibles, and over the projected useful lives of the related client relationships in the case of the customer relationship intangible. The Corporation analyzes core deposit intangibles and the customer relationship intangible annually for impairment, or sooner if events and circumstances indicate possible impairment. Factors that may suggest impairment include customer attrition and run-off. Management is unaware of any events and/or circumstances that would indicate a possible impairment to the core deposit intangibles or the customer relationship intangible as of March 31, 2023. The estimated as follows as of March 31, 2023: (In thousands) 2023 $ 5,691 2024 6,416 2025 3,509 2026 872 2027 872 2028 and after 1,713 |
NON-CONSOLIDATED VARIABLE INTER
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS | 3 Months Ended |
Mar. 31, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS | NOTE 7 – NON-CONSOLIDATED The Corporation including applicable accounting guidance. When Corporation has interest primary beneficiary of the VIE and whether the entity should be consolidated Below is a summary of transactions with VIEs for which the Corporation has retained Trust-Preferred In April 2004, 100 million of its variable by 3.1 103.1 principal financing 125 Statutory Trust 3.9 FBP Statutory 128.9 Junior consolidated guaranteed The Junior Subordinated Deferrable Debentures mature on June 17, 2034, and September 20, 2034, respectively; however, under certain circumstances, the maturity of Junior Subordinated Deferrable Debentures may be shortened (such shortening would result in a mandatory redemption of the variable-rate TRuPs). 31, 2022, these Junior Subordinated Deferrable Debentures amounted 183.8 Under the of interest time Corporation was current on all interest payments due on its subordinated Private Label MBS During effect servicing for through Bank is and interest securities indexed 3-month LIBOR LIBOR Act and rate payments from shared to entitled securities. This intervention of the seller, absorbs all risks from losses on non-accruing loans and of these private 7.7 5.4 7.25 %, which is included as part of these private label MBS amounted to $ 0.1 Servicing Assets (MSRs) The which the issued service the loans 2.1 FNMA whether those servicing financial condition. The changes in MSRs are shown below for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Balance at beginning of year $ 29,037 $ 30,986 Capitalization of servicing assets 532 1,130 Amortization (1,128) (1,330) Temporary impairment 4 55 Other (1) (14) (88) Balance at end of period $ 28,431 $ 30,753 (1) Mainly represents adjustments related to the repurchase Impairment allowance serviced exceeds its fair value. Any fair value in excess of the cost basis of the servicing Changes in the impairment allowance were as follows for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Balance at beginning of year $ 12 $ 78 Recoveries (4) (55) $ 8 $ 23 The components are shown below for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Servicing fees $ 2,718 $ 2,819 Late charges and prepayment penalties 199 194 Adjustment for loans repurchased (14) (88) 2,903 2,925 Amortization and impairment of servicing assets (1,124) (1,275) $ 1,779 $ 1,650 The Corporation’s value at the time of sale of the related mortgages for the indicated periods Weighted Average Maximum Minimum Quarter Ended March 31, 2023 Constant prepayment rate: 6.7 % 11.6 % 4.8 % 7.7 % 16.0 % 3.8 % 5.7 % 7.0 % 2.1 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 12.8 % 14.0 % 11.5 % Quarter Ended March 31, 2022 Constant prepayment rate: 6.7 % 18.3 % 4.8 % 6.6 % 18.4 % 3.4 % 6.6 % 21.9 % 4.9 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.3 % 14.5 % 12.0 % The weighted current 10 % and 20 % adverse December 31, 2022 were as follows: March 31, December 31, 2023 2022 (In thousands) Carrying amount of servicing assets $ 28,431 $ 29,037 Fair value $ 45,270 $ 44,710 Weighted-average 7.80 7.80 Constant prepayment rate (weighted-average annual 6.34 % 6.40 % $ 1,040 $ 1,048 $ 2,036 $ 2,054 Discount rate (weighted-average annual rate) 10.70 % 10.69 % $ 1,960 $ 1,925 $ 3,770 $ 3,704 These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSR is calculated without changing any other assumption. In reality, 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 counteract the sensitivities . |
DEPOSITS
DEPOSITS | 3 Months Ended |
Mar. 31, 2023 | |
DEPOSITS [Abstract] | |
DEPOSITS | NOTE 8 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: March 31, 2023 December 31, 2022 (In thousands) Type of account and interest rate: Non-interest-bearing deposit accounts $ 6,024,304 $ 6,112,884 Interest-bearing saving accounts 3,808,182 3,902,888 Interest-bearing checking accounts 3,547,963 3,770,993 Certificates of deposit (“CDs”) 2,418,611 2,250,876 Brokered CDs 252,905 105,826 $ 16,051,965 $ 16,143,467 The following table presents the contractual maturities of CDs, including brokered CDs, as of March 31, Total (In thousands) Three months or less $ 499,307 Over three months to six months 361,274 Over six months to one year 732,933 Over one year to two years 751,913 Over two years to three years 155,590 Over three years to four years 46,748 Over four years to five years 117,009 Over five years 6,742 $ 2,671,516 The following were the components of interest expense on deposits for the Quarter Ended March 31, 2023 2022 (In thousands) Interest expense on deposits $ 29,924 $ 7,817 Accretion of premiums from acquisitions (83) (200) Amortization of broker placement fees 44 35 $ 29,885 $ 7,652 Total 1.1 1.0 December 31, of less than the FDIC $ 0.4 0.3 method. |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) | 3 Months Ended |
Mar. 31, 2023 | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS)[Abstract] | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) | NOTE 9 – SECURITIES SOLD UNDER AGREEMENTS TO Repurchase agreements as of the indicated dates consisted of the following: March 31, 2023 December 31, 2022 (In thousands) Short-term Fixed-rate repurchase agreements (1) $ 172,982 $ 75,133 (1) Weighted-average interest rate 5.08 % and 4.55 % as of March 31, 2023 and December 31, 2022. The $ 75.1 of 173.0 taken by management in light of recent instability in the banking sector. Repurchase agreements mature as follows as of the indicated date: March 31, (In thousands) Within one month $ 172,982 As of March the repurchase have a right with agreements were fully collateralized and not offset in the consolidated Repurchase agreements as of March 31, 2023, grouped by counterparty, Weighted-Average Counterparty Amount Maturity (In Months) (Dollars in thousands) JP Morgan Chase $ 172,982 1 |
ADVANCES FROM THE FEDERAL HOME
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | 3 Months Ended |
Mar. 31, 2023 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | NOTE 10 – ADVANCES The following is a summary of the advances from the FHLB as of the indicated dates: March 31, December 31, 2023 2022 (In thousands) Short-term Fixed -rate advances from the FHLB (1) $ 425,000 $ 475,000 Long-term Fixed -rate advances from the FHLB (2) 500,000 200,000 $ 925,000 $ 675,000 (1) Weighted-average interest rate of 5.04 % and 4.56 % as of March 31, 2023 and December 31, 2022, respectively. (2) Weighted-average interest rate of 4.45 % and 4.25 % as of March 31, 2023 and December 31, 2022, respectively. Advances from the FHLB mature as follows as of the indicated date: March 31, 2023 (In thousands) Within one month $ 425,000 Over one to five years 500,000 $ 925,000 During the 425.0 5.04 % and $ 300.0 4.59 %, and repaid 475.0 FHLB advances at an average cost of 4.56 %. |
OTHER BORROWINGS
OTHER BORROWINGS | 3 Months Ended |
Mar. 31, 2023 | |
OTHER BORROWINGS [Abstract] | |
OTHER BORROWINGS | NOTE 11 – OTHER LONG-TERM Junior Subordinated Debentures Junior subordinated debentures, as of the indicated dates, consisted of: March 31, December 31, (In thousands) 2023 2022 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) (4) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2) (3) (4) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month LIBOR 7.66 % as of March 31, 2023 and 7.49 % as of December 31, 2022). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month LIBOR 7.46 % as of March 31, 2023 and 7.25 % as of December 31, 2022). (3) Following the provisions of the LIBOR Act and Regulation SOFR, plus a spread adjustment of 0.26161% on the first reset (4) See Note 7 - Non-Consolidated Variable |
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE | 3 Months Ended |
Mar. 31, 2023 | |
EARNINGS PER COMMON SHARE [Abstract] | |
EARNINGS PER COMMON SHARE | NOTE 12 – EARNINGS PER COMMON . SHARE The calculations of earnings per common share for the quarters ended March 31, 2023 Quarter Ended March 31, 2023 2022 (In thousands, except per share information) Net income attributable to common stockholders $ 70,698 $ 82,600 Weighted-Average 180,215 198,130 1,021 1,407 181,236 199,537 Earnings per common share: Basic $ 0.39 $ 0.42 Diluted $ 0.39 $ 0.41 Earnings number of common shares issued and outstanding. Net income attributable any preferred dividend period unvested shares of restricted stock that do not contain non-forfeitable Potential dilutive conditions using the services number outstanding lower potentially dilutive no shares of common stock during the quarters ended March 31, 2023 and |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 3 Months Ended |
Mar. 31, 2023 | |
STOCK-BASED COMPENSATION [Abstract] | |
STOCK-BASED COMPENSATION | NOTE 13 – STOCK-BASED . COMPENSATION The First Bancorp and non 14,169,807 of common 3,142,813 recommendation of to receive to individual and aggregate awards. Restricted Stock Under the of certain does stock common vesting period: 50 %) of two-year 50 % vest the three-year one-year 495,891 with restricted stock awards, which were reissued from treasury shares. The following table summarizes the restricted stock activity under the Omnibus and 2022: Quarter ended Quarter ended March 31, March 31, Number of Weighted- Number of Weighted- shares of Average shares of Average restricted Grant Date restricted Grant Date stock stock Unvested shares outstanding at beginning of year 938,491 $ 9.14 1,148,775 $ 6.61 Granted (1) 495,891 11.99 299,440 13.15 Forfeited (25,415) 9.98 (3,092) 6.69 Vested (481,536) 5.93 (487,198) 5.72 Unvested shares outstanding at end of period 927,431 $ 12.32 957,925 $ 9.10 (1) For the quarter ended March 31, 2023, includes 3,502 492,389 33,718 3,048 stock awarded to independent directors and 296,392 6,084 charged to earnings as of the grant date. For the quarters 1.6 0.9 based compensation 7.8 compensation period of 2.1 Performance Units Under the Omnibus Plan, the Corporation may award share These awards, which are granted to executives, do not contain non-forfeitable rights to dividend equivalent amounts and can only be settled in shares of the Corporation’s common stock. On March 16, 2023, the Corporation granted 216,876 performance units to executives. Performance units granted on or after March 16, 2023 will vest on the third anniversary of the effective date of the award based on actual achievement of two performance metrics weighted equally: relative total shareholder return (“Relative TSR”), compared to companies that comprise the KBW Nasdaq Regional Banking Index, and the achievement of a tangible book value per share (“TBVPS”) goal, which is measured based upon the growth in the tangible book value during the performance cycle, adjusted for certain allowable non-recurring transactions. The participant may earn 50% of their target opportunity for threshold-level performance and up to 150% of their target opportunity for maximum-level performance, based on the achievement of the performance goals during a three-year performance cycle. Amounts between threshold, target and maximum performance will vest on a proportional amount. Performance units granted prior to March 16, 2023 vest subject only to achievement of a TBVPS goal. In addition, the participant may earn only up to 100% of their target opportunity. The following and 2022: Quarter ended Quarter ended March 31, March 31, Number Weighted - Number Weighted - of Average of Average Performance Grant Date Performance Grant Date Units Fair Value Units Fair Value Performance units at beginning of year 791,923 7.36 814,899 7.06 Additions (1) 216,876 12.24 166,669 13.15 Vested (2) (474,538) 4.08 (189,645) 11.16 Performance units at end of period 534,261 12.25 791,923 7.36 (1) Units granted during the quarter ended March 31, 2023 January 1, 2023 and ending on December 31, 2025. Units year performance cycle beginning January 1, 2022 and ending (2) Units vested during the quarter ended March 31, 2023 are reissued from treasury shares. Units vested during the quarter ended with shares of common stock reissued from treasury shares. The fair value of the performance units awarded during the quarter ended March 31, 2023 and 2022, that was based on the TBVPS goal component, was calculated based on the market price of the Corporation’s common stock on the respective date of the grant and assuming attainment of 100% of target opportunity. As of March 31, 2023, there have been no changes on management’s assessment of the probability that the pre-established TBVPS goal will be achieved; as such, no cumulative adjustment to compensation expense has been recognized. The fair value of the performance units awarded during the quarter ended March 31, 2023, that was based on the Relative TSR component, was calculated using a Monte Carlo simulation. Since the Relative TSR component is considered a market condition, the fair value of the portion of the award based on Relative TSR is not revised subsequent to grant date based on actual performance. For the quarters 0.5 0.3 based 4.7 compensation cost 2.4 The following performance units granted under the Omnibus Plan during the quarter Quarter Ended March 31, Risk-free interest rate (1) 3.98 % Correlation coefficient 77.16 Expected dividend yield (2) - Expected volatility (3) 41.37 Expected life (in years) 2.79 (1) Based on the yield on zero-coupon U.S. Treasury (2) Assumes that dividends are reinvested at each ex-dividend date. (3) Calculated based on the historical volatility of each company's Shares withheld During the 287,835 201,930 stock treasury shares. The financial statements, the Corporation presents shares withheld for |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 3 Months Ended |
Mar. 31, 2023 | |
STOCKHOLDERS' EQUITY [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 14 – Stock Repurchase Programs On April may repurchase 350 under transactions repurchase alternative uses or number of shares and does 3,577,540 of common stock through 13.98 $ 50 75 stock. quarter of 2023 and it expects to resume shares repurchases during the third quarter 300 program approved by the Board 3,409,697 at an average price of $ 14.66 50 Common Stock The following table shows the change in shares of common stock outstanding for Total Quarter Ended March 31, 2023 2022 Common stock outstanding, beginning balance 182,709,059 201,826,505 Common stock repurchased (1) (3,865,375) (3,611,627) Common stock reissued under stock-based compensation plan 970,429 489,085 Restricted stock forfeited (25,415) (3,092) Common stock outstanding, ending balances 179,788,698 198,700,871 For the quarters ended March 31, 287,835 201,930 For 25.4 million 19.9 April 27, 2023 , the dividend of $ 0.14 June 9, 2023 May 24, 2023 . The Corporation intends including the the relevant times. Preferred Stock The 50,000,000 1.00 , option, subject to certain terms. This stock may be issued in series and fixed by No 31, 2023 and December 31, 2022. Treasury Stock The following table shows the change in shares of treasury stock for the quarters ended Total Quarter Ended March 31, 2023 2022 Treasury stock, beginning balance 40,954,057 21,836,611 Common stock repurchased (1) 3,865,375 3,611,627 Common stock reissued under stock-based compensation plan (970,429) (489,085) Restricted stock forfeited 25,415 3,092 Treasury stock, ending balances 43,874,418 24,962,245 (1) For the quarters ended March 31, 287,835 201,930 FirstBank Statutory Reserve (Legal Surplus) The 10 % FirstBank’s common and preferred to the Corporation without the The Puerto Rico Banking Law provides that, when the expenditures of a Puerto Rico commercial bank are greater than receipts, the excess of the expenditures over receipts must be charged against the undistributed profits of the bank, and the balance, if any, must be charged against the legal surplus reserve, as a reduction thereof. If the legal surplus reserve is not sufficient to cover such balance in whole or in part, the outstanding amount must be charged against the capital account and the Bank cannot pay dividends until it can replenish the legal surplus reserve to an amount of at least 20% of the original capital contributed. retained 168.5 31, 2023 and December 31, 2022. |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE LOSS | 3 Months Ended |
Mar. 31, 2023 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE LOSS | NOTE 15 – ACCUMULATED The following table presents the changes in accumulated other comprehensive 2022: Changes in Accumulated Other Comprehensive (1) Quarter ended March 31, 2023 2022 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (805,972) $ (87,390) 87,228 (331,834) Ending balance $ (718,744) $ (419,224) Adjustment of pension and postretirement Beginning balance $ 1,194 $ 3,391 - - Ending balance $ 1,194 $ 3,391 ____________________ (1) All amounts presented are net of tax. |
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS | 3 Months Ended |
Mar. 31, 2023 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
EMPLOYEE BENEFIT PLANS | NOTE 16 – EMPLOYEE BENEFIT PLANS The Corporation complementary retirement pension benefit pension plan covers personnel of an institution previously acquired The accrual of benefits under the Pension Plans is frozen to all participants. The adjustment to accumulated other comprehensive loss pursuant to The following table presents the components of net periodic cost (benefit) for Affected Line Item in the Consolidated Quarter Ended Statements of Income March 31, 2023 March 31, 2022 (In thousands) Net periodic cost (benefit), pension plans: Interest cost Other expenses $ 950 $ 654 Expected return on plan assets Other expenses (886) (1,039) Net periodic cost (benefit), pension plans 64 (385) Net periodic cost, postretirement plan Other expenses 6 1 Net periodic cost (benefit) $ 70 $ (384) |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Mar. 31, 2023 | |
INCOME TAXES [Abstract] | |
INCOME TAXES | NOTE 17 – Income Corporation is subject a foreign corporation for U.S. and on its income from jurisdictions. Any certain conditions and limitations. Under the Puerto Rico separate utilize operating carry-forward commenced commencing after December 31, 100 % on 85 % on other taxable domestic corporations. The 37.5 % investing international banking interest income were created income derived by a bank 20 % of taxable income. For the 31.9 43.0 first quarter of 2022. a effective tax 31.2 % for the first quarter of 2023, compared to 32.9 % for the first quarter of 2022. The net 154.8 net of a valuation 139.1 155.6 $ 149.5 with capital was related to and an equal change in the valuation allowance without impacting earnings. In Revenue Code period. absence of such limitation. The Corporation has mitigated any income. However, each annual current income tax expense 2.5 1.6 did not impact the USVI operations in the first quarters of 2023 and 2022, respectively The Corporation interest and 0.2 million of 1.0 which, increase income examinations, under the 2011 income authorities liability for based, in part, upon 2018 remain open to examination. For Puerto Rico tax purposes, all tax years |
FAIR VALUE
FAIR VALUE | 3 Months Ended |
Mar. 31, 2023 | |
FAIR VALUE [Abstract] | |
FAIR VALUE [Text Block] | NOTE 18 – Fair Value ASC Topic transfer between market liabilities, which is based on One of three levels of inputs may be used to measure fair value: Level 1 Valuations transactions involving identical assets or liabilities in active markets. Level 2 Va luations of prices for similar assets or liabilities, or other inputs that are data for substantially the full term of the assets or liabilities. Level 3 Va luations of Level 3 assets and activity and instruments significant management judgment as to the estimation. description of the valuation methodologies used to measure financial Assets and liabilities measured at fair value on a recurring basis are summarized below as of 2022: As of March 31, 2023 As of December 31, 2022 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets: Debt securities available for sale: U.S. Treasury securities $ 140,422 $ - $ - $ 140,422 $ 138,875 $ - $ - $ 138,875 Noncallable U.S. agencies debt securities - 428,675 - 428,675 - 389,787 - 389,787 Callable U.S. agencies debt securities - 1,962,535 - 1,962,535 - 1,963,566 - 1,963,566 MBS - 3,050,019 5,402 (1) 3,055,421 - 3,098,797 5,794 (1) 3,104,591 Puerto Rico government obligations - - 2,203 2,203 - - 2,201 2,201 Other investments - - - - - - 500 500 Equity securities 4,926 - - 4,926 4,861 - - 4,861 Derivative assets - 628 - 628 - 633 - 633 Liabilities: Derivative liabilities - 645 - 645 - 476 - 476 (1) Related to private label MBS. The table basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended March 31, 2023 2022 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 8,495 $ 11,084 (162) (287) (2) 9 388 (3) (737) (538) Ending balance $ 7,605 $ 10,647 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized gains included in earnings were recognized within (3) Includes the $ 0.5 The tables below present quantitative information for significant assets measured at fair unobservable inputs (Level 3) as of March 31, 2023 and December 31, 2022: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,402 Discounted cash flows Discount rate 16.0% 16.0% 16.0% Prepayment rate 1.6% 12.6% 9.2% Projected cumulative loss rate 0.2% 14.9% 5.2% $ 2,203 Discounted cash flows Discount rate 12.8% 12.8% 12.8% Projected cumulative loss rate 19.0% 19.0% 19.0% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% Information about Sensitivity to Changes in Significant Unobservable Inputs Private label and prepayment loss instruments. The Corporation modeled meaningful and possible Puerto Rico of the increase (decrease) in a LGDs that looking PRHFA spread as of the reporting date and compared to the amortized cost. Additionally, fair value As of March 31, 2023, the Corporation recorded losses or valuation adjustments recurring basis and still held at March 31, 2023, as shown in the following table: Carrying value as of March 31, Related to losses recorded for the Quarter Ended March 31, 2023 2022 2023 2022 (In thousands) Level 3: Loans receivable $ 3,486 $ 25,951 $ (60) $ (3,539) OREO (2) 814 1,432 (33) (73) (1) Consists mainly of the fair values from assumptions of the collateral (e.g., absorption rates), which are (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the loans to the See Note 25 – Fair Value, the instruments measured at fair value on nonrecurring basis. The following tables present the carrying value, estimated fair value and estimated instruments as of March 31, 2023 and December 31, 2022: Total Carrying Amount in Statement of Financial Condition as of March 31, 2023 Fair Value Estimate as March 31, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 823,601 $ 823,601 $ 823,601 $ - $ - Available-for-sale debt 5,589,256 5,589,256 140,422 5,441,229 7,605 Held-to-maturity debt securities (amortized cost) 431,395 Less: ACL on held-to-maturity debt securities (7,646) Held-to-maturity debt securities, net of ACL $ 423,749 419,752 - 255,209 164,543 Equity securities (amortized cost) 61,788 61,788 - 61,788 (1) - Other equity securities (fair value) 4,926 4,926 4,926 - - Loans held for sale (lower of cost or market) 15,183 15,214 - 15,214 - Loans held for investment (amortized cost) 11,577,985 Less: ACL for loans and finance leases (265,567) Loans held for investment, net of ACL $ 11,312,418 11,030,421 - - 11,030,421 MSRs (amortized cost) 28,431 45,270 - - 45,270 Derivative assets (fair value) 628 628 - 628 - Liabilities: Deposits (amortized cost) $ 16,051,965 $ 16,039,550 $ - $ 16,039,550 $ - Short-term securities sold under agreements to repurchase (amortized 172,982 173,936 - 173,936 - Advances from the FHLB (amortized cost): 425,000 426,665 - 426,665 - 500,000 501,990 - 501,990 - Other long-term borrowings (amortized cost) 183,762 187,183 - - 187,183 Derivative liabilities (fair value) 645 645 - 645 - (1) Includes FHLB stock with a carrying value of $ 54.2 (2) Includes interest rate swap agreements, interest rate caps, forward contracts, interest rate lock commitments, and forward loan sales commitments. Total Carrying Amount in Statement of Financial Condition as of December 31, 2022 Fair Value Estimate as December 31, 2022 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 480,505 $ 480,505 $ 480,505 $ - $ - Available-for-sale debt 5,599,520 5,599,520 138,875 5,452,150 8,495 Held-to-maturity debt securities (amortized cost) 437,537 Less: ACL on held-to-maturity debt securities (8,286) Held-to-maturity debt securities, net of ACL $ 429,251 427,115 - 260,106 167,009 Equity securities (amortized cost) 50,428 50,428 - 50,428 (1) - Other equity securities (fair value) 4,861 4,861 4,861 - - Loans held for sale (lower of cost or market) 12,306 12,306 - 12,306 - Loans held for investment (amortized cost) 11,552,825 Less: ACL for loans and finance leases (260,464) Loans held for investment, net of ACL $ 11,292,361 11,106,809 - - 11,106,809 MSRs (amortized cost) 29,037 44,710 - - 44,710 Derivative assets (fair value) (2) 633 633 - 633 - Liabilities: Deposits (amortized cost) $ 16,143,467 $ 16,139,937 $ - $ 16,139,937 $ - Short-term securities sold under agreements to repurchase (amortized 75,133 75,230 - 75,230 - Advances from the FHLB (amortized cost) 475,000 474,731 - 474,731 - 200,000 199,865 - 199,865 - Other long-term borrowings (amortized cost) 183,762 187,246 - - 187,246 Derivative liabilities (fair value) (2) 476 476 - 476 - (1) Includes FHLB stock with a carrying value of $ 42.9 (2) Includes interest rate swap agreements, interest rate caps, forward contracts, interest rate lock commitments, and forward loan sales commitments. The short-term nature cash equipment, this fair liabilities that estimates relevancy of market prices of comparable instruments, expected future cash flows, |
REVENUE FROM CONTRACTS WITH CUS
REVENUE FROM CONTRACTS WITH CUSTOMERS | 3 Months Ended |
Mar. 31, 2023 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Text Block] | NOTE 19 – REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition In accordance with control Corporation expects to be within the the recognizes performance obligation is satisfied. Disaggregation of Revenue The following interest income, disaggregated by type of service and business segment for Quarter ended March 31, 2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 21,788 $ 137,744 $ 14,940 $ (658) $ 20,930 $ 6,141 $ 200,885 Service charges and fees on deposit accounts - 5,486 3,154 - 165 736 9,541 Insurance commissions - 4,640 - - 28 179 4,847 Merchant-related income - 2,263 - - 29 468 2,760 Credit and debit card fees - 7,638 22 - 2 496 8,158 Other service charges and fees 161 1,152 854 - 583 344 3,094 Not in scope of ASC Topic 2,913 855 145 160 40 5 4,118 3,074 22,034 4,175 160 847 2,228 32,518 Total Revenue $ 24,862 $ 159,778 $ 19,115 $ (498) $ 21,777 $ 8,369 $ 233,403 Quarter ended March 31, 2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 25,779 $ 89,546 $ 40,415 $ 7,409 $ 16,482 $ 5,993 $ 185,624 Service charges and fees on deposit accounts - 5,539 2,976 - 138 710 9,363 Insurance commissions - 4,967 - - 29 279 5,275 Merchant-related income - 1,822 373 - 5 389 2,589 Credit and debit card fees - 6,671 16 - (7) 410 7,090 Other service charges and fees 143 1,110 1,113 - 499 157 3,022 Not in scope of ASC Topic (1) 5,109 354 76 (112) 80 12 5,519 Total non-interest 5,252 20,463 4,554 (112) 744 1,957 32,858 Total Revenue $ 31,031 $ 110,009 $ 44,969 $ 7,297 $ 17,226 $ 7,950 $ 218,482 (1) Most of the Corporation's revenue is not within the scope of ASC Topic 606. The guidance financial instruments. For related to performance obligations satisfied at a point in time. See Annual Report on Form 10-K for a discussion of major revenue streams under Contract Balances A contract customer. contracts portfolio and related point-of-sale terminals, the completes its performance obligations. The following table shows the activity of contract liabilities for the quarters Quarter Ended March 31, 2023 2022 (In thousands) Beginning Balance $ 841 $ 1,443 Less: (81) (289) Ending balance $ 760 $ 1,154 As of March 31, 2023 and 2022, there were no contract assets recorded on Other Except for the contract liabilities noted above, the Corporation did not have 2023. estimates in recognizing revenue for financial reporting purposes. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 3 Months Ended |
Mar. 31, 2023 | |
SEGMENT INFORMATION [Abstract] | |
SEGMENT INFORMATION [Text Block] | NOTE 20 – SEGMENT INFORMATION Based upon segments market, and six segments: States used to nature determination of the reportable segments. The Mortgage Banking includes mortgage loans purchased from the Corporation’s Commercial and by specialized loans, management investment Commercial segments funds to segments are actual United States commercial and consumer banking Corporation in the USVI and BVI, including commercial and consumer banking The Significant Accounting Policies, to the audited consolidated financial The interest earning assets less the ACL. The following tables present information about the reportable segments for Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the quarter ended March 31, 2023: Interest income $ 31,907 $ 83,174 $ 62,343 $ 27,466 $ 31,114 $ 6,392 $ 242,396 Net (charge) credit for transfer of funds (10,119) 77,735 (47,403) (19,539) (674) - - Interest expense - (23,165) - (8,585) (9,510) (251) (41,511) Net interest income (loss) 21,788 137,744 14,940 (658) 20,930 6,141 200,885 Provision for credit losses - (benefit) expense (506) 15,224 (2,536) (9) 4,655 (1,326) 15,502 Non-interest income 3,074 22,034 4,175 160 847 2,228 32,518 Direct non-interest expenses 5,087 41,627 9,365 947 8,304 6,825 72,155 $ 20,281 $ 102,927 $ 12,286 $ (1,436) $ 8,818 $ 2,870 $ 145,746 Average earnings assets $ 2,171,061 $ 3,174,150 $ 3,713,633 $ 6,216,498 $ 2,067,848 $ 366,338 $ 17,709,528 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the quarter ended March 31, 2022: Interest income $ 33,071 $ 70,437 $ 47,027 $ 22,184 $ 18,857 $ 6,278 $ 197,854 Net (charge) credit for transfer of funds (7,292) 24,282 (6,612) (9,949) (429) - - Interest expense - (5,173) - (4,826) (1,946) (285) (12,230) Net interest income 25,779 89,546 40,415 7,409 16,482 5,993 185,624 Provision for credit losses - (benefit) expense (3,703) 11,144 (16,622) (388) (3,547) (686) (13,802) Non-interest income (loss) 5,252 20,463 4,554 (112) 744 1,957 32,858 Direct non-interest expenses 6,906 39,271 8,859 885 8,479 6,973 71,373 $ 27,828 $ 59,594 $ 52,732 $ 6,800 $ 12,294 $ 1,663 $ 160,911 Average earnings assets $ 2,293,648 $ 2,759,482 $ 3,664,104 $ 8,145,949 $ 2,065,638 $ 378,169 $ 19,306,990 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Net income: Total income for segments $ 145,746 $ 160,911 Other operating expenses 43,113 35,286 Income before income taxes 102,633 125,625 Income tax expense 31,935 43,025 $ 70,698 $ 82,600 Average assets: Total average earning assets for segments $ 17,709,528 $ 19,306,990 Average non-earning assets 847,628 947,011 $ 18,557,156 $ 20,254,001 (1) Expenses pertaining to corporate administrative functions that support reported financial results of the operating segments. The expenses. |
SUPPLEMENTAL STATEMENT OF CASH
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION | 3 Months Ended |
Mar. 31, 2023 | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION [Abstract] | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION [Text Block] | NOTE 21 – SUPPLEMENTAL Supplemental statement of cash flows information is as follows for the indicated Quarter Ended March 31, 2023 2022 (In thousands) Cash paid for: $ 37,798 $ 13,300 10,926 2,598 4,316 4,751 Non-cash investing and financing activities: 6,414 6,770 15,356 10,772 532 1,130 28,736 40,823 2,345 1,176 - 15,000 1,630 2,791 |
REGULATORY MATTERS, COMMITMENTS
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES | 3 Months Ended |
Mar. 31, 2023 | |
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Abstract] | |
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Text Block] | NOTE 22 – REGULATORY Regulatory Matters The agencies. Failure by regulators Under capital sheet items to qualitative judgments and and capital capitalized believe that any condition has changed or event has occurred that would have The Corporation and FirstBank rules (“Basel III rules”). The 2.5 % capital e.g. , payments on capital instruments) and (ii) discretionary bonus payments As part that transition retained earnings plus 25 % of the change in delayed 25 % transition $ 32.4 25 % of interim 32.4 remainder of capital cannot be predicted at this time. The regulatory the delay in the full effect of CECL on regulatory capital, were Regulatory Requirements Actual For Capital Adequacy Purposes To be Well Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2023 Total Capital (to Risk-Weighted $ 2,366,591 19.02 % $ 995,597 8.0 % N/A N/A % $ 2,327,600 18.71 % $ 995,452 8.0 % $ 1,244,315 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,032,369 16.33 % $ 560,023 4.5 % N/A N/A % $ 2,071,650 16.65 % $ 559,942 4.5 % $ 808,805 6.5 % Tier I Capital (to Risk-Weighted $ 2,032,369 16.33 % $ 746,697 6.0 % N/A N/A % $ 2,171,650 17.45 % $ 746,589 6.0 % $ 995,452 8.0 % Leverage ratio $ 2,032,369 10.57 % $ 769,399 4.0 % N/A N/A % $ 2,171,650 11.29 % $ 769,102 4.0 % $ 961,378 5.0 % As of December 31, 2022 Total Capital (to Risk-Weighted $ 2,385,866 19.21 % $ 993,405 8.0 % N/A N/A % $ 2,346,093 18.90 % $ 993,264 8.0 % $ 1,241,580 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,052,333 16.53 % $ 558,790 4.5 % N/A N/A % $ 2,090,832 16.84 % $ 558,711 4.5 % $ 807,027 6.5 % Tier I Capital (to Risk-Weighted $ 2,052,333 16.53 % $ 745,054 6.0 % N/A N/A % $ 2,190,832 17.65 % $ 744,948 6.0 % $ 993,264 8.0 % Leverage ratio $ 2,052,333 10.70 % $ 767,075 4.0 % N/A N/A % $ 2,190,832 11.43 % $ 766,714 4.0 % $ 958,392 5.0 % Commitments The Corporation enters needs Commitments to extend credit are agreements contract. Commitments expire without the case of credit cards and personal lines of credit, the Corporation can of March 31, 2023, 2.0 0.9 card 93.6 million. Contingencies As contingencies contingencies in connection information incur accrual where a loss is not probable or the amount of the loss cannot be estimated, no accrual Any estimate currently in yet outcomes of such or less than the current estimate. While currently contingencies, financial position as a whole. If management believes that, based on available information, excess possible loss or an estimate cannot be made. Based on the Corporation’s |
FIRST BANCORP. (Holding Company
FIRST BANCORP. (Holding Company Only) Financial Information | 3 Months Ended |
Mar. 31, 2023 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
FIRST BANCORP. (Holding Company Only) Financial Information [Text Block] | NOTE 23- FIRST BANCORP. The following as of March 31, 2023 and December 31, 2022, and the results of its operations Statements of Financial Condition As of March 31, As of December 31, 2023 2022 (In thousands) Assets Cash and due from banks $ 13,981 $ 19,279 Other investment securities 735 735 Investment in First Bank Puerto Rico, at equity 1,544,874 1,464,026 Investment in First Bank Insurance Agency, 32,374 28,770 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 637 624 Other assets 426 430 $ 1,598,539 $ 1,519,376 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 9,184 10,074 192,946 193,836 Stockholders’ equity 1,405,593 1,325,540 $ 1,598,539 $ 1,519,376 Statements of Income Quarter Ended March 31, 2023 2022 (In thousands) Income $ 53 $ 4 78,870 63,593 102 40 79,025 63,637 Expense 3,381 1,333 410 439 3,791 1,772 Income before income taxes and equity in undistributed 75,234 61,865 Income tax expense 1,078 1,106 Equity in undistributed earnings of subsidiaries (distribution in excess of (3,458) 21,841 Net income $ 70,698 $ 82,600 Other comprehensive income (loss), net of tax 87,228 (331,834) Comprehensive income (loss) $ 157,926 $ (249,234) |
BASIS OF PRESENTATION AND SIG_2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Principles of consolidation [Policy Text Block] | The statements”) Corporation’s Audited statements”) and note disclosures the United States SEC and, accordingly, these financial statements are included in the 2022 Annual Report on Form 10-K. All adjustments opinion of management, interim |
Adoption of New Accounting Requirements And Recently Issued Accounting Standards Not Yet Effective or Not Yet Adopted [Policy Text Block] | Adoption Accounting Standards Update (“ASU”) 2022-02, “Financial Instruments and Vintage Disclosures” Effective requirements borrowers experiencing on vintage loan where a borrower be disclosed amount of contractual term extension, amend the Modifications Codification (“ASC”) following the requirements in existing allows difficulties. The experiencing to 2.1 1.3 driven by residential in Note The Corporation ● ASU 2022-01, ● ASU 2021-08, “Business With Customers” Recently Issued Accounting Standards Not Yet Standard Description Effective Date Effect on the financial statements ASU 2023-02, "Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" In March 2023, the FASB issued ASU 2023-02 which, among other things, allows tax equity investments, regardless of the tax credit program from which the income tax credits are received, to be accounted for using the proportional amortization method if certain conditions are met and requires specific disclosures of such investments. The election needs to be made on a tax-credit- program-by-tax-credit-program basis. January 1, 2024. Early adoption is permitted in any interim period. The Corporation does not expect to be impacted by the amendments of this ASU since it does not hold tax equity investments. ASU 2023-01, "Leases (Topic 842): Common Control Arrangements" In March 2023, the FASB issued ASU 2023-01 which, among other things, generally requires a lessee in a common-control lease arrangement to amortize leasehold improvements over the useful life regardless of the lease term, subject to certain exceptions. In addition, a lessee that no longer controls the use of the underlying asset will account for the transfer of the underlying asset as an adjustment to equity. January 1, 2024. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Corporation is evaluating the impact that this ASU will have on its financial statements. The Corporation does not expect to be materially impacted by the adoption of this ASU during the first quarter of 2024. For Significant Accounting Policies, to the audited consolidated financial |
DEBT SECURITIES (Tables)
DEBT SECURITIES (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block] | Quarter Ended March 31, 2023 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 375 $ 458 Provision for credit losses - benefit - (9) (9) $ 83 $ 366 $ 449 Quarter Ended March 31, 2022 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 797 $ 308 $ 1,105 Provision for credit losses - benefit (388) - (388) Net charge-offs (6) - (6) $ 403 $ 308 $ 711 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Puerto Rico Municipal Bonds Quarter Ended March 31, 2023 March 31, 2022 (In thousands) Beginning Balance $ 8,286 $ 8,571 Provision for credit losses - (benefit) expense (640) 3,753 ACL on held-to-maturity debt securities $ 7,646 $ 12,324 |
Significant Assumptions in Valuation of Private Label MBS [Table Text Block] | The tables below present quantitative information for significant assets measured at fair unobservable inputs (Level 3) as of March 31, 2023 and December 31, 2022: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,402 Discounted cash flows Discount rate 16.0% 16.0% 16.0% Prepayment rate 1.6% 12.6% 9.2% Projected cumulative loss rate 0.2% 14.9% 5.2% $ 2,203 Discounted cash flows Discount rate 12.8% 12.8% 12.8% Projected cumulative loss rate 19.0% 19.0% 19.0% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% |
Held-to-maturity Securities [Member] | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The maturities of held-to-maturity debt securities as of March 31, 2023 and March 31, 2023 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,204 $ - $ 10 $ 1,194 $ 24 5.70 42,633 679 1,001 42,311 659 6.74 55,940 1,482 603 56,819 2,918 7.10 66,023 - 1,804 64,219 4,045 8.12 Total Puerto Rico municipal bonds 165,800 2,161 3,418 164,543 7,646 7.40 MBS: FHLMC certificates: After 5 to 10 years $ 20,129 $ - $ 762 $ 19,367 $ - 3.03 After 10 years 19,176 - 596 18,580 - 4.30 39,305 - 1,358 37,947 - 3.65 GNMA certificates: ` After 10 years 18,502 - 795 17,707 - 3.31 FNMA certificates: After 10 years 71,258 - 2,190 69,068 - 4.16 CMOs: After 10 years 32,522 - 1,154 31,368 - 3.49 Total Residential MBS 161,587 - 5,497 156,090 - 3.81 After 1 to 5 years 9,576 - 348 9,228 - 3.48 After 10 years 94,432 - 4,541 89,891 - 3.15 Total Commercial MBS 104,008 - 4,889 99,119 - 3.18 Total MBS 265,595 - 10,386 255,209 - 3.56 Total held-to-maturity debt securities $ 431,395 $ 2,161 $ 13,804 $ 419,752 $ 7,646 5.04 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 3.7 consolidated statements of financial condition, and is excluded from the estimate of credit losses. December 31, 2022 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 42,530 886 1,076 42,340 656 6.34 55,956 3,182 360 58,778 3,243 6.29 66,022 - 1,318 64,704 4,385 7.10 Total held-to-maturity debt securities $ 165,710 $ 4,068 $ 2,769 $ 167,009 $ 8,286 6.62 MBS: FHLMC certificates: After 5 to 10 years $ 21,443 $ - $ 746 $ 20,697 $ - 3.03 After 10 years 19,362 - 888 18,474 - 4.21 40,805 - 1,634 39,171 - 3.59 GNMA certificates: ` After 10 years 19,131 - 943 18,188 - 3.35 FNMA certificates: After 10 years 72,347 - 3,155 69,192 - 4.14 CMOs: After 10 years 34,456 - 1,424 33,032 - 3.49 Total Residential MBS 166,739 - 7,156 159,583 - 3.78 After 1 to 5 years 9,621 - 396 9,225 - 3.48 After 10 years 95,467 - 4,169 91,298 - 3.15 Total Commercial MBS 105,088 - 4,565 100,523 - 3.18 Total MBS 271,827 - 11,721 260,106 - 3.55 Total held-to-maturity debt securities $ 437,537 $ 4,068 $ 14,490 $ 427,115 $ 8,286 4.71 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 5.5 consolidated statements of financial condition, and is excluded from the estimate of credit losses. |
Schedule of Unrealized Loss on Investments [Table Text Block] | The aggregated by 31, 2023 and December 31, 2022, including debt securities for which As of March 31, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 108,266 $ 3,418 $ 108,266 $ 3,418 37,947 1,358 - - 37,947 1,358 17,707 795 - - 17,707 795 69,068 2,190 - - 69,068 2,190 31,368 1,154 - - 31,368 1,154 99,119 4,889 - - 99,119 4,889 Total held-to-maturity debt securities $ 255,209 $ 10,386 $ 108,266 $ 3,418 $ 363,475 $ 13,804 As of December 31, 2022 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 98,797 $ 2,769 $ 98,797 $ 2,769 39,171 1,634 - - 39,171 1,634 18,188 943 - - 18,188 943 69,192 3,155 - - 69,192 3,155 33,032 1,424 - - 33,032 1,424 100,523 4,565 - - 100,523 4,565 Total held-to-maturity debt securities $ 260,106 $ 11,721 $ 98,797 $ 2,769 $ 358,903 $ 14,490 |
Available-for-sale Securities [Member] | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized debt securities by contractual maturities as of March 31, 2023 were as follows: March 31, 2023 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 27,744 $ - $ 890 $ - $ 26,854 0.61 120,916 - 7,348 - 113,568 0.69 U.S. government-sponsored entities (“GSEs”) obligations: 189,174 - 5,100 - 184,074 0.42 2,349,522 22 190,986 - 2,158,558 0.84 41,916 8 4,998 - 36,926 1.64 11,625 27 - - 11,652 5.15 Puerto Rico government obligations: (2) 3,302 - 733 366 2,203 - United States and Puerto Rico government obligations 2,744,199 57 210,055 366 2,533,835 0.83 Mortgage-backed securities (“MBS”): 10,023 - 454 - 9,569 1.98 187,007 - 15,912 - 171,095 1.56 1,068,680 - 170,021 - 898,659 1.41 1,265,710 - 186,387 - 1,079,323 1.44 3 - - - 3 2.42 23,293 - 1,253 - 22,040 1.31 33,939 - 2,720 - 31,219 1.69 225,680 119 24,080 - 201,719 2.58 282,915 119 28,053 - 254,981 2.37 24,446 - 1,249 - 23,197 1.72 353,397 - 28,963 - 324,434 1.74 1,133,757 104 168,025 - 965,836 1.37 1,511,600 104 198,237 - 1,313,467 1.47 296,022 - 52,540 - 243,482 1.49 7,695 - 2,210 83 5,402 7.25 Total Residential MBS 3,363,942 223 467,427 83 2,896,655 1.55 27,584 7 4,551 - 23,040 2.27 44,584 - 4,929 - 39,655 1.90 120,387 - 24,316 - 96,071 1.23 Total Commercial MBS 192,555 7 33,796 - 158,766 1.53 Total MBS 3,556,497 230 501,223 83 3,055,421 1.54 Total available-for-sale debt securities $ 6,300,696 $ 287 $ 711,278 $ 449 $ 5,589,256 1.23 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.7 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the Puerto Rico Housing Finance Authority (“PRHFA”) that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010 and is in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. December 31, 2022 Amortized cost Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 7,493 $ - $ 309 $ - $ 7,184 0.22 141,366 - 9,675 - 131,691 0.70 U.S. GSEs’ obligations: 129,018 - 4,036 - 124,982 0.32 2,395,273 22 227,724 - 2,167,571 0.83 56,251 13 7,670 - 48,594 1.54 12,170 36 - - 12,206 4.62 Puerto Rico government obligations: (2) 3,331 - 755 375 2,201 - United States and Puerto Rico government obligations 2,744,902 71 250,169 375 2,494,429 0.83 MBS: 4,235 - 169 - 4,066 2.33 201,072 - 18,709 - 182,363 1.55 1,092,289 - 186,558 - 905,731 1.38 1,297,596 - 205,436 - 1,092,160 1.41 5 - - - 5 1.73 15,508 - 622 - 14,886 2.00 45,322 1 3,809 - 41,514 1.31 232,632 51 27,169 - 205,514 2.47 293,467 52 31,600 - 261,919 2.27 9,685 - 521 - 9,164 1.76 358,346 - 31,620 - 326,726 1.68 1,186,635 124 186,757 - 1,000,002 1.38 1,554,666 124 218,898 - 1,335,892 1.45 302,232 - 56,539 - 245,693 1.44 7,903 - 2,026 83 5,794 6.83 Total Residential MBS 3,455,864 176 514,499 83 2,941,458 1.52 30,578 - 4,463 - 26,115 2.43 44,889 - 5,603 - 39,286 1.89 121,464 - 23,732 - 97,732 1.23 Total Commercial MBS 196,931 - 33,798 - 163,133 1.56 Total MBS 3,652,795 176 548,297 83 3,104,591 1.52 Other Due within one year 500 - - - 500 0.84 Total available-for-sale debt securities $ 6,398,197 $ 247 $ 798,466 458 $ 5,599,520 1.22 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 11.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010 and is in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. |
Schedule of Unrealized Loss on Investments [Table Text Block] | The aggregated by of March 31, 2023 and December 31, 2022. The tables also include debt securities for As of March 31, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs’ $ 17,615 $ 611 $ 2,496,925 $ 208,711 $ 2,514,540 $ 209,322 Puerto Rico government obligations - - 2,203 733 (1) 2,203 733 21,354 710 1,057,950 185,677 1,079,304 186,387 45,949 868 197,581 27,185 243,530 28,053 41,186 1,741 1,262,700 196,496 1,303,886 198,237 10,596 117 232,886 52,423 243,482 52,540 - - 5,402 2,210 (1) 5,402 2,210 3,833 220 148,640 33,576 152,473 33,796 $ 140,533 $ 4,267 $ 5,404,287 $ 707,011 $ 5,544,820 $ 711,278 7923 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.1 As of December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs’ $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 Puerto Rico government obligations - - 2,201 755 (1) 2,201 755 260,524 45,424 831,637 160,012 1,092,161 205,436 74,829 3,433 179,854 28,167 254,683 31,600 405,977 49,479 920,200 169,419 1,326,177 218,898 45,370 6,735 200,323 49,804 245,693 56,539 - - 5,794 2,026 (1) 5,794 2,026 30,179 2,215 132,953 31,583 163,132 33,798 $ 1,115,192 $ 125,343 $ 4,447,686 $ 673,123 $ 5,562,878 $ 798,466 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 0.1 |
Significant Assumptions in Valuation of Private Label MBS [Table Text Block] | As of As of March 31, 2023 December 31, 2022 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 16.0% 16.0% 16.0% 16.2% 16.2% 16.2% Prepayment rate 9.2% 1.6% 12.6% 11.8% 1.5% 15.2% Projected cumulative loss rate 5.2% 0.2% 14.9% 5.6% 0.3% 15.6% |
LOANS HELD FOR INVESTMENT (Tabl
LOANS HELD FOR INVESTMENT (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | The geographic locations As of March 31, As of December 31, 2023 2022 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,381,782 $ 2,417,900 Construction loans 48,195 34,772 Commercial mortgage loans 1,829,173 1,834,204 Commercial and Industrial ("C&I") loans 1,941,228 1,860,109 Consumer loans 3,398,245 3,317,489 Loans held for investment $ 9,598,623 $ 9,464,474 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 429,746 $ 429,390 Construction loans 95,469 98,181 Commercial mortgage loans 524,486 524,647 C&I loans 920,961 1,026,154 Consumer loans 8,700 9,979 Loans held for investment $ 1,979,362 $ 2,088,351 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,811,528 $ 2,847,290 Construction loans 143,664 132,953 Commercial mortgage loans 2,353,659 2,358,851 C&I loans (1) 2,862,189 2,886,263 Consumer loans 3,406,945 3,327,468 Loans held for investment (2) 11,577,985 11,552,825 ACL on loans and finance leases (265,567) (260,464) Loans held for investment, net $ 11,312,418 $ 11,292,361 (1) As of March 31, 2023 and December 31, 2022, includes $ 837.8 838.5 the primary source of repayment at origination was not dependent (2) Includes accretable fair value net purchase discounts of $ 28.3 29.3 |
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] | The Corporation’s portfolio classes as of March 31, 2023 and December 31, 2022 are as follows: As of March 31, 2023 Days Past Due and Accruing Current 30-59 60-89 90+ (1) (2) (3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 67,977 $ - $ 1,869 $ 41,723 $ - $ 111,569 $ - (2) (6) 2,626,542 - 23,367 13,640 36,410 2,699,959 2,250 Commercial loans: 141,870 - - - 1,794 143,664 972 (2) (6) 2,323,116 509 507 7,929 21,598 2,353,659 15,787 2,840,568 1,438 424 6,355 13,404 2,862,189 1,858 Consumer loans: 1,780,593 34,754 6,380 - 11,138 1,832,865 3,342 743,656 8,056 1,562 - 2,208 755,482 344 353,214 4,160 2,098 - 1,263 360,735 - 299,387 3,989 2,518 4,733 - 310,627 - 143,035 1,916 958 - 1,327 147,236 21 $ 11,319,958 $ 54,822 $ 39,683 $ 74,380 $ 89,142 $ 11,577,985 $ 24,574 (1) It is the Corporation's policy to report delinquent Federal Housing Authority (“FHA”)/Veterans Affairs (“VA”) to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 25.9 (2) Includes purchased credit deteriorated ("PCD") loans previously accounted for under ASC Subtopic 310-30, "Loans and Debt Securities Acquired with Deteriorated Credit Quality" ("ASC Subtopic 310-30") for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 10.4 9.4 1.0 the loans past due 90 days or more and still accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.1 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 15.2 (5) Includes $ 0.3 (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of March 31, 2023 amounted to $ 5.3 60.7 1.1 respectively. As of December 31, 2022 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 67,116 $ - $ 2,586 $ 48,456 $ - $ 118,158 $ - (2) (6) 2,643,909 - 25,630 16,821 42,772 2,729,132 2,292 Commercial loans: 130,617 - - 128 2,208 132,953 977 (2) (6) 2,330,094 300 2,367 3,771 22,319 2,358,851 15,991 2,868,989 1,984 1,128 6,332 7,830 2,886,263 3,300 Consumer loans: 1,740,271 40,039 7,089 - 10,672 1,798,071 2,136 707,646 7,148 1,791 - 1,645 718,230 330 346,366 3,738 1,894 - 1,248 353,246 - 301,013 3,705 2,238 4,775 - 311,731 - 141,687 1,804 1,458 - 1,241 146,190 - $ 11,277,708 $ 58,718 $ 46,181 $ 80,283 $ 89,935 $ 11,552,825 $ 25,026 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 28.2 guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 12.0 11.0 residential mortgage loans and $ 1.0 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.3 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.3 (5) Includes $ 0.3 (6) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $ 6.1 65.2 1.6 respectively. |
Corporation's Credit Quality Indicators by Loan [Table Text Block] | As of March 31, Puerto Rico and Virgin Islands region Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 3,885 $ - $ 45,715 $ 31,879 - - - - - - - - - - - - - - 2,480 - 2,480 2,893 - - - - - - - - - - - - - - - - - - $ 6,479 $ 16,509 $ 18,842 $ - $ - $ 6,365 $ - $ 48,195 $ 34,772 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 67,469 $ 391,295 $ 139,536 $ 325,141 $ 301,638 $ 400,794 $ 478 $ 1,626,351 $ 1,655,728 - 1,177 - 36,546 75 131,350 - 169,148 145,415 - 132 - - 2,797 30,745 - 33,674 33,061 - - - - - - - - - - - - - - - - - - $ 67,469 $ 392,604 $ 139,536 $ 361,687 $ 304,510 $ 562,889 $ 478 $ 1,829,173 $ 1,834,204 $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I $ 70,739 $ 303,603 $ 188,155 $ 181,284 $ 308,225 $ 254,283 $ 565,758 $ 1,872,047 $ 1,789,572 - 132 839 - 1,029 12,885 32,322 47,207 43,224 - - 396 652 13,430 7,117 379 21,974 27,313 - - - - - - - - - - - - - - - - - - $ 70,739 $ 303,735 $ 189,390 $ 181,936 $ 322,684 $ 274,285 $ 598,459 $ 1,941,228 $ 1,860,109 $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. As of March 31, Term Loans As of December 31, 2022 Florida region Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 107 $ 50,019 $ 42,867 $ - $ - $ - $ 2,476 $ 95,469 $ 98,181 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 3,529 $ 177,392 $ 70,147 $ 41,024 $ 51,320 $ 140,177 $ 19,551 $ 503,140 $ 503,184 - - - 6,947 13,231 - - 20,178 20,295 - - - 1,168 - - - 1,168 1,168 - - - - - - - - - - - - - - - - - - $ 3,529 $ 177,392 $ 70,147 $ 49,139 $ 64,551 $ 140,177 $ 19,551 $ 524,486 $ 524,647 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 36,642 $ 276,868 $ 134,512 $ 75,953 $ 183,443 $ 72,650 $ 92,816 $ 872,884 $ 979,151 - - 19,677 - 5,974 11,725 - 37,376 17,905 - - - 264 195 2,854 300 3,613 29,098 - - - - - 7,088 - 7,088 - - - - - - - - - - $ 36,642 $ 276,868 $ 154,189 $ 76,217 $ 189,612 $ 94,317 $ 93,116 $ 920,961 $ 1,026,154 $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, Total Term Loans As of December 31, 2022 Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 3,885 $ 2,476 $ 141,184 $ 130,060 - - - - - - - - - - - - - - 2,480 - 2,480 2,893 - - - - - - - - - - - - - - - - - - $ 6,586 $ 66,528 $ 61,709 $ - $ - $ 6,365 $ 2,476 $ 143,664 $ 132,953 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 70,998 $ 568,687 $ 209,683 $ 366,165 $ 352,958 $ 540,971 $ 20,029 $ 2,129,491 $ 2,158,912 - 1,177 - 43,493 13,306 131,350 - 189,326 165,710 - 132 - 1,168 2,797 30,745 - 34,842 34,229 - - - - - - - - - - - - - - - - - - $ 70,998 $ 569,996 $ 209,683 $ 410,826 $ 369,061 $ 703,066 $ 20,029 $ 2,353,659 $ 2,358,851 $ - $ - $ - $ - $ - $ 18 $ - $ 18 C&I $ 107,381 $ 580,471 $ 322,667 $ 257,237 $ 491,668 $ 326,933 $ 658,574 $ 2,744,931 $ 2,768,723 - 132 20,516 - 7,003 24,610 32,322 84,583 61,129 - - 396 916 13,625 9,971 679 25,587 56,411 - - - - - 7,088 - 7,088 - - - - - - - - - - $ 107,381 $ 580,603 $ 343,579 $ 258,153 $ 512,296 $ 368,602 $ 691,575 $ 2,862,189 $ 2,886,263 $ - $ - $ - $ - $ - $ 63 $ 55 $ 118 (1) Excludes accrued interest receivable. The following accrual status as of March 31, 2023, year, and the amortized cost of residential mortgage As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 696 $ 448 $ 765 $ 1,557 $ 107,368 $ - $ 110,834 $ 117,416 Conventional residential mortgage loans: Accrual Status: Performing $ 24,859 $ 171,599 $ 74,692 $ 31,497 $ 47,705 $ 1,891,603 $ - $ 2,241,955 $ 2,265,013 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total conventional residential mortgage loans $ 24,859 $ 171,599 $ 74,727 $ 31,497 $ 47,705 $ 1,920,561 $ - $ 2,270,948 $ 2,300,484 Total: Accrual Status: Performing $ 24,859 $ 172,295 $ 75,140 $ 32,262 $ 49,262 $ 1,998,971 $ - $ 2,352,789 $ 2,382,429 Non-Performing - - 35 - - 28,958 - 28,993 35,471 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 24,859 $ 172,295 $ 75,175 $ 32,262 $ 49,262 $ 2,027,929 $ - $ 2,381,782 $ 2,417,900 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 735 $ - $ 735 $ 742 Conventional residential mortgage loans: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,192 $ - $ 421,594 $ 421,347 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total conventional residential mortgage loans $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 224,344 $ - $ 429,011 $ 428,648 Total: Accrual Status: Performing $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,403 $ 217,927 $ - $ 422,329 $ 422,089 Non-Performing - - - - 265 7,152 - 7,417 7,301 Total residential mortgage loans in Florida region $ 13,232 $ 81,619 $ 48,991 $ 31,157 $ 29,668 $ 225,079 $ - $ 429,746 $ 429,390 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 696 $ 448 $ 765 $ 1,557 $ 108,103 $ - $ 111,569 $ 118,158 Conventional residential mortgage loans: Accrual Status: Performing $ 38,091 $ 253,218 $ 123,683 $ 62,654 $ 77,108 $ 2,108,795 $ - $ 2,663,549 $ 2,686,360 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total conventional residential mortgage loans $ 38,091 $ 253,218 $ 123,718 $ 62,654 $ 77,373 $ 2,144,905 $ - $ 2,699,959 $ 2,729,132 Total: Accrual Status: Performing $ 38,091 $ 253,914 $ 124,131 $ 63,419 $ 78,665 $ 2,216,898 $ - $ 2,775,118 $ 2,804,518 Non-Performing - - 35 - 265 36,110 - 36,410 42,772 Total residential mortgage loans $ 38,091 $ 253,914 $ 124,166 $ 63,419 $ 78,930 $ 2,253,008 $ - $ 2,811,528 $ 2,847,290 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 980 $ - $ 983 (1) Excludes accrued interest receivable. The status as the amortized cost of consumer loans by portfolio classes based on accrual status as of As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,331 $ 115,561 $ - $ 1,818,950 $ 1,783,782 Non-Performing - 2,419 2,243 1,347 2,708 2,399 - 11,116 10,596 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,039 $ 117,960 $ - $ 1,830,066 $ 1,794,378 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 632 $ 365 $ - $ 4,520 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,647 $ 163,311 $ 49,275 $ 25,703 $ 46,765 $ 29,411 $ - $ 359,112 $ 351,664 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,647 $ 163,801 $ 49,463 $ 25,820 $ 46,994 $ 29,650 $ - $ 360,375 $ 352,912 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,230 $ 17,612 $ 8,219 $ 9,851 $ 6,468 $ 8,700 $ 140,493 $ 139,116 Non-Performing - 540 171 59 104 230 98 1,202 1,122 Total other consumer loans $ 23,413 $ 66,770 $ 17,783 $ 8,278 $ 9,955 $ 6,698 $ 8,798 $ 141,695 $ 140,238 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 312,855 $ 1,150,429 $ 728,321 $ 350,486 $ 317,368 $ 203,670 $ 319,327 $ 3,382,456 $ 3,302,878 Non-Performing - 4,000 2,824 1,956 3,417 3,494 98 15,789 14,611 Total consumer loans in Puerto Rico and Virgin Islands region $ 312,855 $ 1,154,429 $ 731,145 $ 352,442 $ 320,785 $ 207,164 $ 319,425 $ 3,398,245 $ 3,317,489 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,823 $ 1,127 $ 4,148 $ 16,643 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans: Accrual Status: Performing $ - $ - $ - $ - $ 259 $ 2,518 $ - $ 2,777 $ 3,617 Non-Performing - - - - - 22 - 22 76 Total auto loans $ - $ - $ - $ - $ 259 $ 2,540 $ - $ 2,799 $ 3,693 Charge-offs on auto loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Non-Performing - - - - - - - - - Total personal loans $ 274 $ 8 $ 71 $ 7 $ - $ - $ - $ 360 $ 334 Charge-offs on personal loans $ - $ - $ - $ - $ - $ - $ - $ - Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans: Accrual Status: Performing $ - $ 49 $ 229 $ 460 $ - $ 2,455 $ 2,223 $ 5,416 $ 5,833 Non-Performing - - - - - 21 104 125 119 Total other consumer loans $ - $ 49 $ 229 $ 460 $ - $ 2,476 $ 2,327 $ 5,541 $ 5,952 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total: Performing $ 274 $ 57 $ 300 $ 467 $ 259 $ 4,973 $ 2,223 $ 8,553 $ 9,784 Non-Performing - - - - - 43 104 147 195 Total consumer loans in Florida region $ 274 $ 57 $ 300 $ 467 $ 259 $ 5,016 $ 2,327 $ 8,700 $ 9,979 Charge-offs on total consumer loans $ - $ - $ - $ - $ 8 $ 147 $ - $ 155 (1) Excludes accrued interest receivable. As of March 31, As of December 31, 2022 Term Loans Amortized Cost Basis by Origination Year (1) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans: Accrual Status: Performing $ 165,925 $ 638,402 $ 478,373 $ 234,358 $ 186,590 $ 118,079 $ - $ 1,821,727 $ 1,787,399 Non-Performing - 2,419 2,243 1,347 2,708 2,421 - 11,138 10,672 Total auto loans $ 165,925 $ 640,821 $ 480,616 $ 235,705 $ 189,298 $ 120,500 $ - $ 1,832,865 $ 1,798,071 Charge-offs on auto loans $ 19 $ 1,827 $ 1,210 $ 467 $ 640 $ 512 $ - $ 4,675 Finance leases: Accrual Status: Performing $ 78,870 $ 282,486 $ 183,061 $ 82,206 $ 74,421 $ 52,230 $ - $ 753,274 $ 716,585 Non-Performing - 551 222 433 376 626 - 2,208 1,645 Total finance leases $ 78,870 $ 283,037 $ 183,283 $ 82,639 $ 74,797 $ 52,856 $ - $ 755,482 $ 718,230 Charge-offs on finance leases $ - $ 227 $ 270 $ 97 $ 185 $ 200 $ - $ 979 Personal loans: Accrual Status: Performing $ 44,921 $ 163,319 $ 49,346 $ 25,710 $ 46,765 $ 29,411 $ - $ 359,472 $ 351,998 Non-Performing - 490 188 117 229 239 - 1,263 1,248 Total personal loans $ 44,921 $ 163,809 $ 49,534 $ 25,827 $ 46,994 $ 29,650 $ - $ 360,735 $ 353,246 Charge-offs on personal loans $ - $ 1,517 $ 840 $ 279 $ 680 $ 384 $ - $ 3,700 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 310,627 $ 310,627 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 4,057 $ 4,057 Other consumer loans: Accrual Status: Performing $ 23,413 $ 66,279 $ 17,841 $ 8,679 $ 9,851 $ 8,923 $ 10,923 $ 145,909 $ 144,949 Non-Performing - 540 171 59 104 251 202 1,327 1,241 Total other consumer loans $ 23,413 $ 66,819 $ 18,012 $ 8,738 $ 9,955 $ 9,174 $ 11,125 $ 147,236 $ 146,190 Charge-offs on other consumer loans $ 14 $ 1,842 $ 762 $ 174 $ 326 $ 178 $ 91 $ 3,387 Total: Performing $ 313,129 $ 1,150,486 $ 728,621 $ 350,953 $ 317,627 $ 208,643 $ 321,550 $ 3,391,009 $ 3,312,662 Non-Performing - 4,000 2,824 1,956 3,417 3,537 202 15,936 14,806 Total consumer loans $ 313,129 $ 1,154,486 $ 731,445 $ 352,909 $ 321,044 $ 212,180 $ 321,752 $ 3,406,945 $ 3,327,468 Charge-offs on total consumer loans $ 33 $ 5,413 $ 3,082 $ 1,017 $ 1,831 $ 1,274 $ 4,148 $ 16,798 (1) Excludes accrued interest receivable. |
Collateral Pledged [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | As of March 31, 2023 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 34,257 $ 2,410 $ 152 $ 34,409 $ 2,410 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,449 896 61,851 64,300 896 C&I loans 1,789 347 13,331 15,120 347 Consumer loans: Personal loans 55 1 - 55 1 Other consumer loans - - - - - $ 38,550 $ 3,654 $ 76,290 $ 114,840 $ 3,654 As of December 31, 2022 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 36,206 $ 2,571 $ - $ 36,206 $ 2,571 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,466 897 62,453 64,919 897 C&I loans 1,513 322 17,590 19,103 322 Consumer loans: Personal loans 56 1 64 120 1 Other consumer loans 207 29 - 207 29 $ 40,448 $ 3,820 $ 81,063 $ 121,511 $ 3,820 |
TDR [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | The following table presents the amortized cost basis as of March 31, 2023 of loans modified difficulty during the quarter ended March 31, 2023, by portfolio modified loans relative to the total period-end amortized cost basis of receivables Quarter Ended March 31, Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Forgiveness of principal and/or interest Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 332 $ - $ 433 $ 115 $ - $ - $ 880 0.03% Construction loans - - - - - - - - - - Commercial mortgage loans - - - - - - - - - - C&I loans - - - - - - - 40 (1) 40 0.00% Consumer loans: Auto loans - - - - 89 38 - 584 (1) 711 0.04% Personal loans - - - - 28 14 - - 42 0.01% Credit cards - - - 289 (2) - - - - 289 0.09% Other consumer loans - - - - 132 60 - 26 (1) 218 0.15% $ - $ - $ 332 $ 289 $ 682 $ 227 $ - $ 650 $ 2,180 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. The following table presents the financial effects of the modifications during the quarter ended March 31, 2023, by portfolio classes, other effects of the modifications associated to payment delay were discussed Quarter Ended March 31, 2023 Combination of Interest Rate Reduction and Term Extension Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Interest Rate Reduction (%) Weighted-Average Term Extension (in months) Weighted-Average Forgiveness of Principal and/or Interest (In thousands) Conventional residential mortgage loans - 98 2.11% 141 $ - Construction loans - - - - - Commercial mortgage loans - - - - - C&I loans - - - - - Consumer loans: Auto loans - 22 2.88% 28 - Personal loans - 30 3.36% 12 - Credit cards 16.04% - - - - Other consumer loans - 27 1.96% 26 - The following table presents the performance of loans modified during the quarter borrowers experiencing financial difficulty, Quarter Ended March 31, 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 880 $ 880 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 40 40 Consumer loans: Auto loans 44 138 - 182 529 711 Personal loans - - - - 42 42 Credit cards 103 89 - 192 97 289 Other consumer loans - - - - 218 218 $ 147 $ 227 $ - $ 374 $ 1,806 $ 2,180 Quarter Ended March 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 215 $ 731 $ 190 $ - $ 1,857 $ 2,993 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 5 5 Consumer loans: Auto loans 792 54 147 - - 993 Finance leases - 246 - - 18 264 Personal loans - 60 18 - - 78 Credit cards (2) 189 - - - - 189 Other consumer loans 33 106 - 9 - 148 Total TDRs $ 1,229 $ 1,197 $ 355 $ 9 $ 1,880 $ 4,670 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Quarter Ended March 31, 2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 23 $ 2,996 $ 2,993 Construction loans - - - Commercial mortgage loans - - - C&I loans 1 5 5 Consumer loans: 51 995 993 13 264 264 5 78 78 44 189 189 27 146 148 164 $ 4,673 $ 4,670 Quarter Ended March 31, 2022 Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 3 $ 389 Construction loans - - Commercial mortgage loans - - C&I loans - - Consumer loans: 24 522 1 16 - - 11 79 2 11 41 $ 1,017 |
ALLOWANCE FOR CREDIT LOSSES O_2
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES [Abstract] | |
Allowance For Credit Losses On Financing Receivables Table [Text Block] | The following tables present the activity in the ACL on loans and finance leases by portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended March 31, 2023 (In thousands) ACL: Beginning balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Impact of adoption of ASU 2022-02 2,056 - - 7 53 2,116 Provision for credit losses - expense (benefit) 73 860 1,246 (1,650) 15,727 16,256 Charge-offs (983) - (18) (118) (16,798) (17,917) Recoveries 497 63 168 90 3,830 4,648 Ending balance $ 64,403 $ 3,231 $ 36,460 $ 31,235 $ 130,238 $ 265,567 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended March 31, (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (4,871) (2,214) (22,640) 1,755 10,981 (16,989) Charge-offs (2,528) (44) (37) (290) (9,816) (12,715) Recoveries 1,382 52 44 1,035 3,608 6,121 Ending balance $ 68,820 $ 1,842 $ 30,138 $ 36,784 $ 107,863 $ 245,447 The tables below March 31, As of March 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,811,528 $ 143,664 $ 2,353,659 $ 2,862,189 $ 3,406,945 $ 11,577,985 64,403 3,231 36,460 31,235 130,238 265,567 2.29 % 2.25 % 1.55 % 1.09 % 3.82 % 2.29 % As of December 31, 2022 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,847,290 $ 132,953 $ 2,358,851 $ 2,886,263 $ 3,327,468 $ 11,552,825 62,760 2,308 35,064 32,906 127,426 260,464 2.20 % 1.74 % 1.49 % 1.14 % 3.83 % 2.25 % The following ended March 31, 2023 and 2022: Quarter Ended March 31, 2023 2022 (In thousands) Beginning Balance $ 4,273 $ 1,537 Provision for credit losses - (benefit) (105) (178) $ 4,168 $ 1,359 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
OTHER REAL ESTATE OWNED [Abstract] | |
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block] | The following table presents the OREO inventory as of the indicated dates: March 31, 2023 December 31, 2022 (In thousands) OREO balances, carrying value: Residential (1) $ 24,984 $ 24,025 Commercial 6,114 5,852 Construction 1,764 1,764 Total $ 32,862 $ 31,641 (1) Excludes $ 22.6 23.5 Residential Real condition. |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block] | As of As of March 31, December 31, 2023 2022 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (68,557) (66,644) Net carrying amount $ 18,987 $ 20,900 Remaining amortization period (in years) 6.8 7.0 Purchased credit card relationship intangible: Gross amount $ 3,800 $ 3,800 Accumulated amortization (3,714) (3,595) Net carrying amount $ 86 $ 205 Remaining amortization period (in years) 0.4 0.7 Insurance customer relationship intangible: Gross amount $ - $ 1,067 Accumulated amortization - (1,054) Net carrying amount $ - $ 13 Remaining amortization period (in years) - 0.1 |
Amortization Expense [Table Text Block] | (In thousands) 2023 $ 5,691 2024 6,416 2025 3,509 2026 872 2027 872 2028 and after 1,713 |
NON-CONSOLIDATED VARIABLE INT_2
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |
Changes in Servicing Assets [Table Text Block] | Quarter Ended March 31, 2023 2022 (In thousands) Balance at beginning of year $ 29,037 $ 30,986 Capitalization of servicing assets 532 1,130 Amortization (1,128) (1,330) Temporary impairment 4 55 Other (1) (14) (88) Balance at end of period $ 28,431 $ 30,753 (1) Mainly represents adjustments related to the repurchase |
Changes in Impairment Allowance [Table Text Block] | Quarter Ended March 31, 2023 2022 (In thousands) Balance at beginning of year $ 12 $ 78 Recoveries (4) (55) $ 8 $ 23 |
Components of Net Servicing Income [Table Text Block] | Quarter Ended March 31, 2023 2022 (In thousands) Servicing fees $ 2,718 $ 2,819 Late charges and prepayment penalties 199 194 Adjustment for loans repurchased (14) (88) 2,903 2,925 Amortization and impairment of servicing assets (1,124) (1,275) $ 1,779 $ 1,650 |
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block] | Weighted Average Maximum Minimum Quarter Ended March 31, 2023 Constant prepayment rate: 6.7 % 11.6 % 4.8 % 7.7 % 16.0 % 3.8 % 5.7 % 7.0 % 2.1 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 12.8 % 14.0 % 11.5 % Quarter Ended March 31, 2022 Constant prepayment rate: 6.7 % 18.3 % 4.8 % 6.6 % 18.4 % 3.4 % 6.6 % 21.9 % 4.9 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.3 % 14.5 % 12.0 % |
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block] | The weighted current 10 % and 20 % adverse December 31, 2022 were as follows: March 31, December 31, 2023 2022 (In thousands) Carrying amount of servicing assets $ 28,431 $ 29,037 Fair value $ 45,270 $ 44,710 Weighted-average 7.80 7.80 Constant prepayment rate (weighted-average annual 6.34 % 6.40 % $ 1,040 $ 1,048 $ 2,036 $ 2,054 Discount rate (weighted-average annual rate) 10.70 % 10.69 % $ 1,960 $ 1,925 $ 3,770 $ 3,704 |
DEPOSITS (Tables)
DEPOSITS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
DEPOSITS [Abstract] | |
Summary of Deposit Balances [Table Text Block] | The following table summarizes deposit balances as of the indicated dates: March 31, 2023 December 31, 2022 (In thousands) Type of account and interest rate: Non-interest-bearing deposit accounts $ 6,024,304 $ 6,112,884 Interest-bearing saving accounts 3,808,182 3,902,888 Interest-bearing checking accounts 3,547,963 3,770,993 Certificates of deposit (“CDs”) 2,418,611 2,250,876 Brokered CDs 252,905 105,826 $ 16,051,965 $ 16,143,467 |
Schedule of contractual maturities of CDs | The following table presents the contractual maturities of CDs, including brokered CDs, as of March 31, Total (In thousands) Three months or less $ 499,307 Over three months to six months 361,274 Over six months to one year 732,933 Over one year to two years 751,913 Over two years to three years 155,590 Over three years to four years 46,748 Over four years to five years 117,009 Over five years 6,742 $ 2,671,516 |
Schedule of Interest Expenses on Deposits [Table Text Block] | The following were the components of interest expense on deposits for the Quarter Ended March 31, 2023 2022 (In thousands) Interest expense on deposits $ 29,924 $ 7,817 Accretion of premiums from acquisitions (83) (200) Amortization of broker placement fees 44 35 $ 29,885 $ 7,652 |
SECURITIES SOLD UNDER AGREEME_2
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS)[Abstract] | |
Schedule Of Repurchase Agreements [Table Text Block] | Repurchase agreements as of the indicated dates consisted of the following: March 31, 2023 December 31, 2022 (In thousands) Short-term Fixed-rate repurchase agreements (1) $ 172,982 $ 75,133 (1) Weighted-average interest rate 5.08 % and 4.55 % as of March 31, 2023 and December 31, 2022. March 31, (In thousands) Within one month $ 172,982 Weighted-Average Counterparty Amount Maturity (In Months) (Dollars in thousands) JP Morgan Chase $ 172,982 1 |
ADVANCES FROM THE FEDERAL HOM_2
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
Summary of Advances from FHLB [Table Text Block] | The following is a summary of the advances from the FHLB as of the indicated dates: March 31, December 31, 2023 2022 (In thousands) Short-term Fixed -rate advances from the FHLB (1) $ 425,000 $ 475,000 Long-term Fixed -rate advances from the FHLB (2) 500,000 200,000 $ 925,000 $ 675,000 (1) Weighted-average interest rate of 5.04 % and 4.56 % as of March 31, 2023 and December 31, 2022, respectively. (2) Weighted-average interest rate of 4.45 % and 4.25 % as of March 31, 2023 and December 31, 2022, respectively. Advances from the FHLB mature as follows as of the indicated date: March 31, 2023 (In thousands) Within one month $ 425,000 Over one to five years 500,000 $ 925,000 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
OTHER BORROWINGS [Abstract] | |
Components of Other Borrowings [Table Text Block] | Junior subordinated debentures, as of the indicated dates, consisted of: March 31, December 31, (In thousands) 2023 2022 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) (4) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2) (3) (4) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month LIBOR 7.66 % as of March 31, 2023 and 7.49 % as of December 31, 2022). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month LIBOR 7.46 % as of March 31, 2023 and 7.25 % as of December 31, 2022). (3) Following the provisions of the LIBOR Act and Regulation SOFR, plus a spread adjustment of 0.26161% on the first reset (4) See Note 7 - Non-Consolidated Variable |
EARNINGS PER COMMON SHARE (Tabl
EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
EARNINGS PER COMMON SHARE [Abstract] | |
Calculations of Earnings Per Common Share [Table Text Block] | The calculations of earnings per common share for the quarters ended March 31, 2023 Quarter Ended March 31, 2023 2022 (In thousands, except per share information) Net income attributable to common stockholders $ 70,698 $ 82,600 Weighted-Average 180,215 198,130 1,021 1,407 181,236 199,537 Earnings per common share: Basic $ 0.39 $ 0.42 Diluted $ 0.39 $ 0.41 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
STOCK-BASED COMPENSATION [Abstract] | |
Restricted Stock Activity Under Omnibus Plan [Table Text Block] | The following table summarizes the restricted stock activity under the Omnibus and 2022: Quarter ended Quarter ended March 31, March 31, Number of Weighted- Number of Weighted- shares of Average shares of Average restricted Grant Date restricted Grant Date stock stock Unvested shares outstanding at beginning of year 938,491 $ 9.14 1,148,775 $ 6.61 Granted (1) 495,891 11.99 299,440 13.15 Forfeited (25,415) 9.98 (3,092) 6.69 Vested (481,536) 5.93 (487,198) 5.72 Unvested shares outstanding at end of period 927,431 $ 12.32 957,925 $ 9.10 (1) For the quarter ended March 31, 2023, includes 3,502 492,389 33,718 3,048 stock awarded to independent directors and 296,392 6,084 charged to earnings as of the grant date. |
Summary Of Performance Units Activity [Table Text Block] | Quarter ended Quarter ended March 31, March 31, Number Weighted - Number Weighted - of Average of Average Performance Grant Date Performance Grant Date Units Fair Value Units Fair Value Performance units at beginning of year 791,923 7.36 814,899 7.06 Additions (1) 216,876 12.24 166,669 13.15 Vested (2) (474,538) 4.08 (189,645) 11.16 Performance units at end of period 534,261 12.25 791,923 7.36 (1) Units granted during the quarter ended March 31, 2023 January 1, 2023 and ending on December 31, 2025. Units year performance cycle beginning January 1, 2022 and ending (2) Units vested during the quarter ended March 31, 2023 are reissued from treasury shares. Units vested during the quarter ended with shares of common stock reissued from treasury shares. |
Summary Of Valuation Assumptions [Table Text Block] | Quarter Ended March 31, Risk-free interest rate (1) 3.98 % Correlation coefficient 77.16 Expected dividend yield (2) - Expected volatility (3) 41.37 Expected life (in years) 2.79 (1) Based on the yield on zero-coupon U.S. Treasury (2) Assumes that dividends are reinvested at each ex-dividend date. (3) Calculated based on the historical volatility of each company's |
STOCKHOLDERS' EQUITY (Tables)
STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
STOCKHOLDERS' EQUITY [Abstract] | |
Changes In Share Of Common Stock [Table Text Block] | The following table shows the change in shares of common stock outstanding for Total Quarter Ended March 31, 2023 2022 Common stock outstanding, beginning balance 182,709,059 201,826,505 Common stock repurchased (1) (3,865,375) (3,611,627) Common stock reissued under stock-based compensation plan 970,429 489,085 Restricted stock forfeited (25,415) (3,092) Common stock outstanding, ending balances 179,788,698 198,700,871 For the quarters ended March 31, 287,835 201,930 |
Changes In Treasury Stock [Table Text Block] | The following table shows the change in shares of treasury stock for the quarters ended Total Quarter Ended March 31, 2023 2022 Treasury stock, beginning balance 40,954,057 21,836,611 Common stock repurchased (1) 3,865,375 3,611,627 Common stock reissued under stock-based compensation plan (970,429) (489,085) Restricted stock forfeited 25,415 3,092 Treasury stock, ending balances 43,874,418 24,962,245 (1) For the quarters ended March 31, 287,835 201,930 |
ACCUMULATED OTHER COMPREHENSI_2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Changes in Accumulated Other Comprehensive (1) Quarter ended March 31, 2023 2022 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (805,972) $ (87,390) 87,228 (331,834) Ending balance $ (718,744) $ (419,224) Adjustment of pension and postretirement Beginning balance $ 1,194 $ 3,391 - - Ending balance $ 1,194 $ 3,391 ____________________ (1) All amounts presented are net of tax. |
EMPLOYEE BENEFIT PLANS (Tables)
EMPLOYEE BENEFIT PLANS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
Schedule of Net Benefit Costs [Table Text Block] | Affected Line Item in the Consolidated Quarter Ended Statements of Income March 31, 2023 March 31, 2022 (In thousands) Net periodic cost (benefit), pension plans: Interest cost Other expenses $ 950 $ 654 Expected return on plan assets Other expenses (886) (1,039) Net periodic cost (benefit), pension plans 64 (385) Net periodic cost, postretirement plan Other expenses 6 1 Net periodic cost (benefit) $ 70 $ (384) |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
FAIR VALUE [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block] | Assets and liabilities measured at fair value on a recurring basis are summarized below as of 2022: As of March 31, 2023 As of December 31, 2022 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets: Debt securities available for sale: U.S. Treasury securities $ 140,422 $ - $ - $ 140,422 $ 138,875 $ - $ - $ 138,875 Noncallable U.S. agencies debt securities - 428,675 - 428,675 - 389,787 - 389,787 Callable U.S. agencies debt securities - 1,962,535 - 1,962,535 - 1,963,566 - 1,963,566 MBS - 3,050,019 5,402 (1) 3,055,421 - 3,098,797 5,794 (1) 3,104,591 Puerto Rico government obligations - - 2,203 2,203 - - 2,201 2,201 Other investments - - - - - - 500 500 Equity securities 4,926 - - 4,926 4,861 - - 4,861 Derivative assets - 628 - 628 - 633 - 633 Liabilities: Derivative liabilities - 645 - 645 - 476 - 476 (1) Related to private label MBS. |
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The table basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended March 31, 2023 2022 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 8,495 $ 11,084 (162) (287) (2) 9 388 (3) (737) (538) Ending balance $ 7,605 $ 10,647 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized gains included in earnings were recognized within (3) Includes the $ 0.5 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | The tables below present quantitative information for significant assets measured at fair unobservable inputs (Level 3) as of March 31, 2023 and December 31, 2022: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,402 Discounted cash flows Discount rate 16.0% 16.0% 16.0% Prepayment rate 1.6% 12.6% 9.2% Projected cumulative loss rate 0.2% 14.9% 5.2% $ 2,203 Discounted cash flows Discount rate 12.8% 12.8% 12.8% Projected cumulative loss rate 19.0% 19.0% 19.0% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% |
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block] | As of March 31, 2023, the Corporation recorded losses or valuation adjustments recurring basis and still held at March 31, 2023, as shown in the following table: Carrying value as of March 31, Related to losses recorded for the Quarter Ended March 31, 2023 2022 2023 2022 (In thousands) Level 3: Loans receivable $ 3,486 $ 25,951 $ (60) $ (3,539) OREO (2) 814 1,432 (33) (73) (1) Consists mainly of the fair values from assumptions of the collateral (e.g., absorption rates), which are (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the loans to the |
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block] | The following tables present the carrying value, estimated fair value and estimated instruments as of March 31, 2023 and December 31, 2022: Total Carrying Amount in Statement of Financial Condition as of March 31, 2023 Fair Value Estimate as March 31, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 823,601 $ 823,601 $ 823,601 $ - $ - Available-for-sale debt 5,589,256 5,589,256 140,422 5,441,229 7,605 Held-to-maturity debt securities (amortized cost) 431,395 Less: ACL on held-to-maturity debt securities (7,646) Held-to-maturity debt securities, net of ACL $ 423,749 419,752 - 255,209 164,543 Equity securities (amortized cost) 61,788 61,788 - 61,788 (1) - Other equity securities (fair value) 4,926 4,926 4,926 - - Loans held for sale (lower of cost or market) 15,183 15,214 - 15,214 - Loans held for investment (amortized cost) 11,577,985 Less: ACL for loans and finance leases (265,567) Loans held for investment, net of ACL $ 11,312,418 11,030,421 - - 11,030,421 MSRs (amortized cost) 28,431 45,270 - - 45,270 Derivative assets (fair value) 628 628 - 628 - Liabilities: Deposits (amortized cost) $ 16,051,965 $ 16,039,550 $ - $ 16,039,550 $ - Short-term securities sold under agreements to repurchase (amortized 172,982 173,936 - 173,936 - Advances from the FHLB (amortized cost): 425,000 426,665 - 426,665 - 500,000 501,990 - 501,990 - Other long-term borrowings (amortized cost) 183,762 187,183 - - 187,183 Derivative liabilities (fair value) 645 645 - 645 - (1) Includes FHLB stock with a carrying value of $ 54.2 (2) Includes interest rate swap agreements, interest rate caps, forward contracts, interest rate lock commitments, and forward loan sales commitments. Total Carrying Amount in Statement of Financial Condition as of December 31, 2022 Fair Value Estimate as December 31, 2022 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 480,505 $ 480,505 $ 480,505 $ - $ - Available-for-sale debt 5,599,520 5,599,520 138,875 5,452,150 8,495 Held-to-maturity debt securities (amortized cost) 437,537 Less: ACL on held-to-maturity debt securities (8,286) Held-to-maturity debt securities, net of ACL $ 429,251 427,115 - 260,106 167,009 Equity securities (amortized cost) 50,428 50,428 - 50,428 (1) - Other equity securities (fair value) 4,861 4,861 4,861 - - Loans held for sale (lower of cost or market) 12,306 12,306 - 12,306 - Loans held for investment (amortized cost) 11,552,825 Less: ACL for loans and finance leases (260,464) Loans held for investment, net of ACL $ 11,292,361 11,106,809 - - 11,106,809 MSRs (amortized cost) 29,037 44,710 - - 44,710 Derivative assets (fair value) (2) 633 633 - 633 - Liabilities: Deposits (amortized cost) $ 16,143,467 $ 16,139,937 $ - $ 16,139,937 $ - Short-term securities sold under agreements to repurchase (amortized 75,133 75,230 - 75,230 - Advances from the FHLB (amortized cost) 475,000 474,731 - 474,731 - 200,000 199,865 - 199,865 - Other long-term borrowings (amortized cost) 183,762 187,246 - - 187,246 Derivative liabilities (fair value) (2) 476 476 - 476 - (1) Includes FHLB stock with a carrying value of $ 42.9 (2) Includes interest rate swap agreements, interest rate caps, forward contracts, interest rate lock commitments, and forward loan sales commitments. |
REVENUE FROM CONTRACTS WITH C_2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
Disaggregation of Revenue [Table Text Block] | Quarter ended March 31, 2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 21,788 $ 137,744 $ 14,940 $ (658) $ 20,930 $ 6,141 $ 200,885 Service charges and fees on deposit accounts - 5,486 3,154 - 165 736 9,541 Insurance commissions - 4,640 - - 28 179 4,847 Merchant-related income - 2,263 - - 29 468 2,760 Credit and debit card fees - 7,638 22 - 2 496 8,158 Other service charges and fees 161 1,152 854 - 583 344 3,094 Not in scope of ASC Topic 2,913 855 145 160 40 5 4,118 3,074 22,034 4,175 160 847 2,228 32,518 Total Revenue $ 24,862 $ 159,778 $ 19,115 $ (498) $ 21,777 $ 8,369 $ 233,403 Quarter ended March 31, 2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 25,779 $ 89,546 $ 40,415 $ 7,409 $ 16,482 $ 5,993 $ 185,624 Service charges and fees on deposit accounts - 5,539 2,976 - 138 710 9,363 Insurance commissions - 4,967 - - 29 279 5,275 Merchant-related income - 1,822 373 - 5 389 2,589 Credit and debit card fees - 6,671 16 - (7) 410 7,090 Other service charges and fees 143 1,110 1,113 - 499 157 3,022 Not in scope of ASC Topic (1) 5,109 354 76 (112) 80 12 5,519 Total non-interest 5,252 20,463 4,554 (112) 744 1,957 32,858 Total Revenue $ 31,031 $ 110,009 $ 44,969 $ 7,297 $ 17,226 $ 7,950 $ 218,482 (1) Most of the Corporation's revenue is not within the scope of ASC Topic 606. The guidance financial instruments. |
Activity of Contract Liabilities [Table Text Block] | Quarter Ended March 31, 2023 2022 (In thousands) Beginning Balance $ 841 $ 1,443 Less: (81) (289) Ending balance $ 760 $ 1,154 |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
SEGMENT INFORMATION [Abstract] | |
Schedule Of Segment Reporting Information By Segment [Text Block] | The following tables present information about the reportable segments for Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the quarter ended March 31, 2023: Interest income $ 31,907 $ 83,174 $ 62,343 $ 27,466 $ 31,114 $ 6,392 $ 242,396 Net (charge) credit for transfer of funds (10,119) 77,735 (47,403) (19,539) (674) - - Interest expense - (23,165) - (8,585) (9,510) (251) (41,511) Net interest income (loss) 21,788 137,744 14,940 (658) 20,930 6,141 200,885 Provision for credit losses - (benefit) expense (506) 15,224 (2,536) (9) 4,655 (1,326) 15,502 Non-interest income 3,074 22,034 4,175 160 847 2,228 32,518 Direct non-interest expenses 5,087 41,627 9,365 947 8,304 6,825 72,155 $ 20,281 $ 102,927 $ 12,286 $ (1,436) $ 8,818 $ 2,870 $ 145,746 Average earnings assets $ 2,171,061 $ 3,174,150 $ 3,713,633 $ 6,216,498 $ 2,067,848 $ 366,338 $ 17,709,528 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the quarter ended March 31, 2022: Interest income $ 33,071 $ 70,437 $ 47,027 $ 22,184 $ 18,857 $ 6,278 $ 197,854 Net (charge) credit for transfer of funds (7,292) 24,282 (6,612) (9,949) (429) - - Interest expense - (5,173) - (4,826) (1,946) (285) (12,230) Net interest income 25,779 89,546 40,415 7,409 16,482 5,993 185,624 Provision for credit losses - (benefit) expense (3,703) 11,144 (16,622) (388) (3,547) (686) (13,802) Non-interest income (loss) 5,252 20,463 4,554 (112) 744 1,957 32,858 Direct non-interest expenses 6,906 39,271 8,859 885 8,479 6,973 71,373 $ 27,828 $ 59,594 $ 52,732 $ 6,800 $ 12,294 $ 1,663 $ 160,911 Average earnings assets $ 2,293,648 $ 2,759,482 $ 3,664,104 $ 8,145,949 $ 2,065,638 $ 378,169 $ 19,306,990 |
Reconciliation of the Reportable Segment Financial Information [Table Text Block] | The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Net income: Total income for segments $ 145,746 $ 160,911 Other operating expenses 43,113 35,286 Income before income taxes 102,633 125,625 Income tax expense 31,935 43,025 $ 70,698 $ 82,600 Average assets: Total average earning assets for segments $ 17,709,528 $ 19,306,990 Average non-earning assets 847,628 947,011 $ 18,557,156 $ 20,254,001 (1) Expenses pertaining to corporate administrative functions that support reported financial results of the operating segments. The expenses. |
SUPPLEMENTAL STATEMENT OF CAS_2
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION [Abstract] | |
Supplemental Cash Flow Information [Table Text Block] | Supplemental statement of cash flows information is as follows for the indicated Quarter Ended March 31, 2023 2022 (In thousands) Cash paid for: $ 37,798 $ 13,300 10,926 2,598 4,316 4,751 Non-cash investing and financing activities: 6,414 6,770 15,356 10,772 532 1,130 28,736 40,823 2,345 1,176 - 15,000 1,630 2,791 |
REGULATORY MATTERS, COMMITMEN_2
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Abstract] | |
Corporations and its banking subsidiary's regulatory capital positions [Table Text Block] | Regulatory Requirements Actual For Capital Adequacy Purposes To be Well Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2023 Total Capital (to Risk-Weighted $ 2,366,591 19.02 % $ 995,597 8.0 % N/A N/A % $ 2,327,600 18.71 % $ 995,452 8.0 % $ 1,244,315 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,032,369 16.33 % $ 560,023 4.5 % N/A N/A % $ 2,071,650 16.65 % $ 559,942 4.5 % $ 808,805 6.5 % Tier I Capital (to Risk-Weighted $ 2,032,369 16.33 % $ 746,697 6.0 % N/A N/A % $ 2,171,650 17.45 % $ 746,589 6.0 % $ 995,452 8.0 % Leverage ratio $ 2,032,369 10.57 % $ 769,399 4.0 % N/A N/A % $ 2,171,650 11.29 % $ 769,102 4.0 % $ 961,378 5.0 % As of December 31, 2022 Total Capital (to Risk-Weighted $ 2,385,866 19.21 % $ 993,405 8.0 % N/A N/A % $ 2,346,093 18.90 % $ 993,264 8.0 % $ 1,241,580 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,052,333 16.53 % $ 558,790 4.5 % N/A N/A % $ 2,090,832 16.84 % $ 558,711 4.5 % $ 807,027 6.5 % Tier I Capital (to Risk-Weighted $ 2,052,333 16.53 % $ 745,054 6.0 % N/A N/A % $ 2,190,832 17.65 % $ 744,948 6.0 % $ 993,264 8.0 % Leverage ratio $ 2,052,333 10.70 % $ 767,075 4.0 % N/A N/A % $ 2,190,832 11.43 % $ 766,714 4.0 % $ 958,392 5.0 % |
FIRST BANCORP. (Holding Compa_2
FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Statements of Financial Condition [Table Text Block] | Statements of Financial Condition As of March 31, As of December 31, 2023 2022 (In thousands) Assets Cash and due from banks $ 13,981 $ 19,279 Other investment securities 735 735 Investment in First Bank Puerto Rico, at equity 1,544,874 1,464,026 Investment in First Bank Insurance Agency, 32,374 28,770 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 637 624 Other assets 426 430 $ 1,598,539 $ 1,519,376 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 9,184 10,074 192,946 193,836 Stockholders’ equity 1,405,593 1,325,540 $ 1,598,539 $ 1,519,376 |
Statements of Income [Table Text Block] | Statements of Income Quarter Ended March 31, 2023 2022 (In thousands) Income $ 53 $ 4 78,870 63,593 102 40 79,025 63,637 Expense 3,381 1,333 410 439 3,791 1,772 Income before income taxes and equity in undistributed 75,234 61,865 Income tax expense 1,078 1,106 Equity in undistributed earnings of subsidiaries (distribution in excess of (3,458) 21,841 Net income $ 70,698 $ 82,600 Other comprehensive income (loss), net of tax 87,228 (331,834) Comprehensive income (loss) $ 157,926 $ (249,234) |
BASIS OF PRESENTATION AND SIG_3
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Adoption of new Accounting Pronouncements (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Retained earnings | $ 1,688,176 | $ 1,644,209 | ||
Treasury stock, at cost | 547,311 | 506,979 | ||
Additional paid-in capital | 959,912 | 970,722 | ||
Allowance for credit losses | $ 265,567 | 260,464 | $ 245,447 | $ 269,030 |
Restatement Adjustment [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Retained earnings | (1,300) | |||
Allowance for credit losses | $ 2,100 |
DEBT SECURITIES - Investment Se
DEBT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | $ 6,300,696 | $ 6,398,197 |
Gross Unrealized Gains | 287 | 247 |
Gross Unrealized Losses | 711,278 | 798,466 |
Allowance for Credit Losses | 449 | 458 |
Fair value | $ 5,589,256 | $ 5,599,520 |
Weighted-average yield | 1.23% | 1.22% |
Accrued interest receivable excluded from estimate of credit losses | $ 10,700 | $ 11,100 |
U.S. Treasury securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | 27,744 | 7,493 |
Gross Unrealized Gains Due within one year | 0 | 0 |
Gross Unrealized Losses Due within one year | 890 | 309 |
Allowance for Credit Losses within one year | 0 | 0 |
Fair value Due within one year | $ 26,854 | $ 7,184 |
Weighted-average yield Due within one year | 0.61% | 0.22% |
Amortized cost After 1 to 5 years | $ 120,916 | $ 141,366 |
Gross Unrealized Gains After 1 to 5 years | 0 | 0 |
Gross Unrealized Losses After 1 to 5 years | 7,348 | 9,675 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 113,568 | $ 131,691 |
Weighted-average yield After 1 to 5 years | 0.69% | 0.70% |
U.S. GSE's obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 189,174 | $ 129,018 |
Gross Unrealized Gains Due within one year | 0 | 0 |
Gross Unrealized Losses Due within one year | 5,100 | 4,036 |
Allowance for Credit Losses within one year | 0 | 0 |
Fair value Due within one year | $ 184,074 | $ 124,982 |
Weighted-average yield Due within one year | 0.42% | 0.32% |
Amortized cost After 1 to 5 years | $ 2,349,522 | $ 2,395,273 |
Gross Unrealized Gains After 1 to 5 years | 22 | 22 |
Gross Unrealized Losses After 1 to 5 years | 190,986 | 227,724 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 2,158,558 | $ 2,167,571 |
Weighted-average yield After 1 to 5 years | 0.84% | 0.83% |
Amortized cost After 5 to 10 years | $ 41,916 | $ 56,251 |
Gross Unrealized Gains After 5 to 10 years | 8 | 13 |
Gross Unrealized Losses After 5 to 10 years | 4,998 | 7,670 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 36,926 | $ 48,594 |
Weighted-average yield After 5 to 10 years | 1.64% | 1.54% |
Amortized cost After 10 years | $ 11,625 | $ 12,170 |
Gross Unrealized Gains After 10 years | 27 | 36 |
Gross Unrealized Losses After 10 years | 0 | 0 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 11,652 | $ 12,206 |
Weighted-average yield After 10 years | 5.15% | 4.62% |
Puerto Rico government obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 10 years | $ 3,302 | $ 3,331 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 733 | 755 |
Allowance for Credit Losses After 10 years | 366 | 375 |
Fair value After 10 years | $ 2,203 | $ 2,201 |
Weighted-average yield After 10 years | 0% | 0% |
Allowance for Credit Losses | $ 400 | $ 400 |
United States And Puerto Rico Government Obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | 2,744,199 | 2,744,902 |
Gross Unrealized Gains | 57 | 71 |
Gross Unrealized Losses | 210,055 | 250,169 |
Allowance for Credit Losses | 366 | 375 |
Fair value | $ 2,533,835 | $ 2,494,429 |
Weighted-average yield | 0.83% | 0.83% |
Residential MBS [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | $ 3,363,942 | $ 3,455,864 |
Gross Unrealized Gains | 223 | 176 |
Gross Unrealized Losses | 467,427 | 514,499 |
Allowance for Credit Losses | 83 | 83 |
Fair value | $ 2,896,655 | $ 2,941,458 |
Weighted-average yield | 1.55% | 1.52% |
Residential MBS [Member] | FHLMC [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | $ 10,023 | $ 4,235 |
Gross Unrealized Gains After 1 to 5 years | 0 | 0 |
Gross Unrealized Losses After 1 to 5 years | 454 | 169 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 9,569 | $ 4,066 |
Weighted-average yield After 1 to 5 years | 1.98% | 2.33% |
Amortized cost After 5 to 10 years | $ 187,007 | $ 201,072 |
Gross Unrealized Gains After 5 to 10 years | 0 | 0 |
Gross Unrealized Losses After 5 to 10 years | 15,912 | 18,709 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 171,095 | $ 182,363 |
Weighted-average yield After 5 to 10 years | 1.56% | 1.55% |
Amortized cost After 10 years | $ 1,068,680 | $ 1,092,289 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 170,021 | 186,558 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 898,659 | $ 905,731 |
Weighted-average yield After 10 years | 1.41% | 1.38% |
Amortized cost | $ 1,265,710 | $ 1,297,596 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 186,387 | 205,436 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 1,079,323 | $ 1,092,160 |
Weighted-average yield | 1.44% | 1.41% |
Residential MBS [Member] | GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 3 | $ 5 |
Gross Unrealized Gains Due within one year | 0 | 0 |
Gross Unrealized Losses Due within one year | 0 | 0 |
Allowance for Credit Losses within one year | 0 | 0 |
Fair value Due within one year | $ 3 | $ 5 |
Weighted-average yield Due within one year | 2.42% | 1.73% |
Amortized cost After 1 to 5 years | $ 23,293 | $ 15,508 |
Gross Unrealized Gains After 1 to 5 years | 0 | 0 |
Gross Unrealized Losses After 1 to 5 years | 1,253 | 622 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 22,040 | $ 14,886 |
Weighted-average yield After 1 to 5 years | 1.31% | 2% |
Amortized cost After 5 to 10 years | $ 33,939 | $ 45,322 |
Gross Unrealized Gains After 5 to 10 years | 0 | 1 |
Gross Unrealized Losses After 5 to 10 years | 2,720 | 3,809 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 31,219 | $ 41,514 |
Weighted-average yield After 5 to 10 years | 1.69% | 1.31% |
Amortized cost After 10 years | $ 225,680 | $ 232,632 |
Gross Unrealized Gains After 10 years | 119 | 51 |
Gross Unrealized Losses After 10 years | 24,080 | 27,169 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 201,719 | $ 205,514 |
Weighted-average yield After 10 years | 2.58% | 2.47% |
Amortized cost | $ 282,915 | $ 293,467 |
Gross Unrealized Gains | 119 | 52 |
Gross Unrealized Losses | 28,053 | 31,600 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 254,981 | $ 261,919 |
Weighted-average yield | 2.37% | 2.27% |
Residential MBS [Member] | FNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | $ 24,446 | $ 9,685 |
Gross Unrealized Gains After 1 to 5 years | 0 | 0 |
Gross Unrealized Losses After 1 to 5 years | 1,249 | 521 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 23,197 | $ 9,164 |
Weighted-average yield After 1 to 5 years | 1.72% | 1.76% |
Amortized cost After 5 to 10 years | $ 353,397 | $ 358,346 |
Gross Unrealized Gains After 5 to 10 years | 0 | 0 |
Gross Unrealized Losses After 5 to 10 years | 28,963 | 31,620 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 324,434 | $ 326,726 |
Weighted-average yield After 5 to 10 years | 1.74% | 1.68% |
Amortized cost After 10 years | $ 1,133,757 | $ 1,186,635 |
Gross Unrealized Gains After 10 years | 104 | 124 |
Gross Unrealized Losses After 10 years | 168,025 | 186,757 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 965,836 | $ 1,000,002 |
Weighted-average yield After 10 years | 1.37% | 1.38% |
Amortized cost | $ 1,511,600 | $ 1,554,666 |
Gross Unrealized Gains | 104 | 124 |
Gross Unrealized Losses | 198,237 | 218,898 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 1,313,467 | $ 1,335,892 |
Weighted-average yield | 1.47% | 1.45% |
Residential MBS [Member] | Collateralized mortgage obligations guaranteed by FHLMC, FNMA and GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 10 years | $ 296,022 | $ 302,232 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 52,540 | 56,539 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 243,482 | $ 245,693 |
Weighted-average yield After 10 years | 1.49% | 1.44% |
Residential MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 10 years | $ 7,695 | $ 7,903 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 2,210 | 2,026 |
Allowance for Credit Losses After 10 years | 83 | 83 |
Fair value After 10 years | $ 5,402 | $ 5,794 |
Weighted-average yield After 10 years | 7.25% | 6.83% |
Gross Unrealized Losses | $ 2,300 | |
Allowance for Credit Losses | 100 | $ 100 |
Fair value | $ 5,400 | |
Weighted-average yield | 7.25% | |
Commercial Mortgage Backed Securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | $ 27,584 | 30,578 |
Gross Unrealized Gains After 1 to 5 years | 7 | 0 |
Gross Unrealized Losses After 1 to 5 years | 4,551 | 4,463 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 23,040 | $ 26,115 |
Weighted-average yield After 1 to 5 years | 2.27% | 2.43% |
Amortized cost After 5 to 10 years | $ 44,584 | $ 44,889 |
Gross Unrealized Gains After 5 to 10 years | 0 | 0 |
Gross Unrealized Losses After 5 to 10 years | 4,929 | 5,603 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 39,655 | $ 39,286 |
Weighted-average yield After 5 to 10 years | 1.90% | 1.89% |
Amortized cost After 10 years | $ 120,387 | $ 121,464 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 24,316 | 23,732 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 96,071 | $ 97,732 |
Weighted-average yield After 10 years | 1.23% | 1.23% |
Amortized cost | $ 192,555 | $ 196,931 |
Gross Unrealized Gains | 7 | 0 |
Gross Unrealized Losses | 33,796 | 33,798 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 158,766 | $ 163,133 |
Weighted-average yield | 1.53% | 1.56% |
Mortgage Backed Securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | $ 3,556,497 | $ 3,652,795 |
Gross Unrealized Gains | 230 | 176 |
Gross Unrealized Losses | 501,223 | 548,297 |
Allowance for Credit Losses | 83 | 83 |
Fair value | $ 3,055,421 | $ 3,104,591 |
Weighted-average yield | 1.54% | 1.52% |
Other Debt Obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 500 | |
Gross Unrealized Gains Due within one year | 0 | |
Gross Unrealized Losses Due within one year | 0 | |
Allowance for Credit Losses within one year | 0 | |
Fair value Due within one year | $ 500 | |
Weighted-average yield Due within one year | 0.84% |
DEBT SECURITIES - Additional In
DEBT SECURITIES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule Of Investments [Line Items] | ||||
Fair value | $ 5,589,256 | $ 5,599,520 | ||
Gross Unrealized Losses | 711,278 | 798,466 | ||
Available-for-sale, allowance for credit losses | 449 | 458 | ||
Allowance for credit losses, Held-to-Maturity securities | 7,646 | 8,286 | ||
Debt Securities, Held-to-maturity | 431,395 | 437,537 | ||
Interest Receivable | 63,841 | 69,730 | ||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Allowance for credit losses, Held-to-Maturity securities | 7,646 | $ 12,324 | 8,286 | $ 8,571 |
Provision for credit loss expense | (640) | 3,753 | ||
Debt Securities, Held-to-maturity | 165,800 | 165,710 | ||
Puerto Rico government obligations [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Available-for-sale, allowance for credit losses | 400 | 400 | ||
Residential Mortgage Backed Securities [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Fair value | 2,896,655 | 2,941,458 | ||
Gross Unrealized Losses | 467,427 | 514,499 | ||
Available-for-sale, allowance for credit losses | 83 | 83 | ||
Allowance for credit losses, Held-to-Maturity securities | 0 | 0 | ||
Debt Securities, Held-to-maturity | 161,587 | 166,739 | ||
Residential Mortgage Backed Securities [Member] | Private label [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Fair value | 5,400 | |||
Gross Unrealized Losses | 2,300 | |||
Available-for-sale, allowance for credit losses | 100 | 100 | ||
Residential Pass-Through Mortgage Backed Securities Issued By PRHFA [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Fair value | 2,200 | |||
Gross Unrealized Losses | 1,100 | |||
Provision For Other Credit Losses No Previous Expected Credit Losses | 400 | |||
Available-for-sale Securities [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Available-for-sale, allowance for credit losses | 449 | 711 | 458 | 1,105 |
Provision For Other Credit Losses Previous Expected Credit Losses | 9 | 388 | ||
Charge-offs | 6 | |||
Available-for-sale Securities [Member] | Puerto Rico government obligations [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Available-for-sale, allowance for credit losses | 366 | 308 | 375 | 308 |
Provision For Other Credit Losses Previous Expected Credit Losses | 9 | 0 | ||
Charge-offs | 0 | |||
Available-for-sale Securities [Member] | Residential Mortgage Backed Securities [Member] | Private label [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Available-for-sale, allowance for credit losses | 83 | 403 | $ 83 | $ 797 |
Provision For Other Credit Losses Previous Expected Credit Losses | $ 0 | 388 | ||
Charge-offs | $ 6 | |||
Available-for-sale Securities [Member] | Residential Mortgage Backed Securities [Member] | Private label [Member] | FICO Score, Greater than 700 [Member] | LTV Less than 80 Percent [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Financing Receivable, Credit Quality, Additional Information | The underlying collateral is fixed-rate, single-family residential mortgage loans in the United States with original FICO scores over 700 and moderate loan-to-value ratios (under 80%), as well as moderate delinquency levels. | |||
Available-for-sale Securities [Member] | Residential Mortgage Backed Securities [Member] | Private label [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Loans Receivable, Description of Variable Rate Basis | The interest rate on these private-label MBS is variable, tied to 3-month LIBOR, and limited to the weighted-average coupon on the underlying collateral. |
DEBT SECURITIES - Available-For
DEBT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | $ 140,533 | $ 1,115,192 |
Unrealized Losses Less than 12 months | 4,267 | 125,343 |
Fair Value 12 months or more | 5,404,287 | 4,447,686 |
Unrealized Losses 12 months or more | 707,011 | 673,123 |
Total Fair Value | 5,544,820 | 5,562,878 |
Total Unrealized Losses | 711,278 | 798,466 |
Allowance for Credit Losses | 449 | 458 |
U.S. Treasury and U.S. government agencies obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 17,615 | 298,313 |
Unrealized Losses Less than 12 months | 611 | 18,057 |
Fair Value 12 months or more | 2,496,925 | 2,174,724 |
Unrealized Losses 12 months or more | 208,711 | 231,357 |
Total Fair Value | 2,514,540 | 2,473,037 |
Total Unrealized Losses | 209,322 | 249,414 |
Puerto Rico government obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 0 | 0 |
Unrealized Losses Less than 12 months | 0 | 0 |
Fair Value 12 months or more | 2,203 | 2,201 |
Unrealized Losses 12 months or more | 733 | 755 |
Total Fair Value | 2,203 | 2,201 |
Total Unrealized Losses | 733 | 755 |
Allowance for Credit Losses | 400 | 400 |
Residential MBS [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Allowance for Credit Losses | 83 | 83 |
Residential MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Allowance for Credit Losses | 100 | 100 |
Residential MBS [Member] | FHLMC [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 21,354 | 260,524 |
Unrealized Losses Less than 12 months | 710 | 45,424 |
Fair Value 12 months or more | 1,057,950 | 831,637 |
Unrealized Losses 12 months or more | 185,677 | 160,012 |
Total Fair Value | 1,079,304 | 1,092,161 |
Total Unrealized Losses | 186,387 | 205,436 |
Residential MBS [Member] | GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 45,949 | 74,829 |
Unrealized Losses Less than 12 months | 868 | 3,433 |
Fair Value 12 months or more | 197,581 | 179,854 |
Unrealized Losses 12 months or more | 27,185 | 28,167 |
Total Fair Value | 243,530 | 254,683 |
Total Unrealized Losses | 28,053 | 31,600 |
Residential MBS [Member] | FNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 41,186 | 405,977 |
Unrealized Losses Less than 12 months | 1,741 | 49,479 |
Fair Value 12 months or more | 1,262,700 | 920,200 |
Unrealized Losses 12 months or more | 196,496 | 169,419 |
Total Fair Value | 1,303,886 | 1,326,177 |
Total Unrealized Losses | 198,237 | 218,898 |
Residential MBS [Member] | Collateralized mortgage obligations guaranteed by FHLMC, FNMA and GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 10,596 | 45,370 |
Unrealized Losses Less than 12 months | 117 | 6,735 |
Fair Value 12 months or more | 232,886 | 200,323 |
Unrealized Losses 12 months or more | 52,423 | 49,804 |
Total Fair Value | 243,482 | 245,693 |
Total Unrealized Losses | 52,540 | 56,539 |
Residential MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 0 | 0 |
Unrealized Losses Less than 12 months | 0 | 0 |
Fair Value 12 months or more | 5,402 | 5,794 |
Unrealized Losses 12 months or more | 2,210 | 2,026 |
Total Fair Value | 5,402 | 5,794 |
Total Unrealized Losses | 2,210 | 2,026 |
Commercial MBS [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 3,833 | 30,179 |
Unrealized Losses Less than 12 months | 220 | 2,215 |
Fair Value 12 months or more | 148,640 | 132,953 |
Unrealized Losses 12 months or more | 33,576 | 31,583 |
Total Fair Value | 152,473 | 163,132 |
Total Unrealized Losses | 33,796 | 33,798 |
Allowance for Credit Losses | $ 0 | $ 0 |
DEBT SECURITIES - Significant A
DEBT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail) - Residential MBS [Member] - Private label [Member] | Mar. 31, 2023 | Dec. 31, 2022 |
Discount rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Discount rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Discount rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Prepayment rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.092 | 0.118 |
Prepayment rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.016 | 0.015 |
Prepayment rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.126 | 0.152 |
Projected Cumulative Loss Rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.052 | 0.056 |
Projected Cumulative Loss Rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.002 | 0.003 |
Projected Cumulative Loss Rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.149 | 0.156 |
DEBT SECURITIES - ACL for Debt
DEBT SECURITIES - ACL for Debt Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | $ 458 | |
Ending Balance | 449 | |
Residential MBS [Member] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 83 | |
Ending Balance | 83 | |
Puerto Rico government obligations [Member] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 400 | |
Ending Balance | 400 | |
Available-for-sale Securities [Member] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 458 | $ 1,105 |
Provision for credit losses - (benefit) expense | (9) | (388) |
Net charge-offs | (6) | |
Ending Balance | 449 | 711 |
Available-for-sale Securities [Member] | Residential MBS [Member] | Private label [Member] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 83 | 797 |
Provision for credit losses - (benefit) expense | 0 | (388) |
Net charge-offs | (6) | |
Ending Balance | 83 | 403 |
Available-for-sale Securities [Member] | Puerto Rico government obligations [Member] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 375 | 308 |
Provision for credit losses - (benefit) expense | (9) | 0 |
Net charge-offs | 0 | |
Ending Balance | $ 366 | $ 308 |
DEBT SECURITIES - Investment _2
DEBT SECURITIES - Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held To Maturity Securities Amortized | $ 431,395 | $ 437,537 | ||
Held to Maturity Gross Unrecognized gains | 2,161 | 4,068 | ||
Held to Maturity Gross Unrecognized losses | 13,804 | 14,490 | ||
Held to Maturity Fair value | 419,752 | 427,115 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 7,646 | $ 8,286 | ||
Held to Maturity Weighted-average yield | 5.04% | 4.71% | ||
Held to maturity accrued interest receivable excluded from estimate of credit losses | $ 3,700 | $ 5,500 | ||
Residential MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held To Maturity Securities Amortized | 161,587 | 166,739 | ||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses | 5,497 | 7,156 | ||
Held to Maturity Fair value | 156,090 | 159,583 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield | 3.81% | 3.78% | ||
Commercial MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 9,576 | $ 9,621 | ||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 348 | 396 | ||
Held to Maturity Fair value After 1 to 5 years | 9,228 | 9,225 | ||
Allowance for credit losses After 1 to 5 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 1 to 5 years | 3.48% | 3.48% | ||
Held to Maturity Amortized Cost After 10 years | $ 94,432 | $ 95,467 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 4,541 | 4,169 | ||
Held to Maturity Fair value After 10 years | 89,891 | 91,298 | ||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 10 years | 3.15% | 3.15% | ||
Held To Maturity Securities Amortized | $ 104,008 | $ 105,088 | ||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses | 4,889 | 4,565 | ||
Held to Maturity Fair value | 99,119 | 100,523 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield | 3.18% | 3.18% | ||
MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held To Maturity Securities Amortized | $ 265,595 | $ 271,827 | ||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses | 10,386 | 11,721 | ||
Held to Maturity Fair value | 255,209 | 260,106 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield | 3.56% | 3.55% | ||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Due Withing One Year | $ 1,204 | $ 1,202 | ||
Held to Maturity Gross Unrecognized gain Due Within One Year | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses Due Within One Year | 10 | 15 | ||
Held to Maturity Fair value Due Within One Year | 1,194 | 1,187 | ||
Allowance for credit losses Due within one year | $ 24 | $ 2 | ||
Held to Maturity Weighted-average yield Due withing One Year | 5.70% | 5.20% | ||
Held to Maturity Amortized Cost After 1 to 5 years | $ 42,633 | $ 42,530 | ||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 679 | 886 | ||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 1,001 | 1,076 | ||
Held to Maturity Fair value After 1 to 5 years | 42,311 | 42,340 | ||
Allowance for credit losses After 1 to 5 years | $ 659 | $ 656 | ||
Held to Maturity Weighted-average yield After 1 to 5 years | 6.74% | 6.34% | ||
Held to Maturity Amortized Cost After 5 to 10 years | $ 55,940 | $ 55,956 | ||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 1,482 | 3,182 | ||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 603 | 360 | ||
Held to Maturity Fair value After 5 to 10 years | 56,819 | 58,778 | ||
Allowance for credit losses After 5 to 10 years | $ 2,918 | $ 3,243 | ||
Held to Maturity Weighted-average yield After 5 to 10 years | 7.10% | 6.29% | ||
Held to Maturity Amortized Cost After 10 years | $ 66,023 | $ 66,022 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 1,804 | 1,318 | ||
Held to Maturity Fair value After 10 years | 64,219 | 64,704 | ||
Allowance for credit losses After 10 years | $ 4,045 | $ 4,385 | ||
Held to Maturity Weighted-average yield After 10 years | 8.12% | 7.10% | ||
Held To Maturity Securities Amortized | $ 165,800 | $ 165,710 | ||
Held to Maturity Gross Unrecognized gains | 2,161 | 4,068 | ||
Held to Maturity Gross Unrecognized losses | 3,418 | 2,769 | ||
Held to Maturity Fair value | 164,543 | 167,009 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 7,646 | $ 8,286 | $ 12,324 | $ 8,571 |
Held to Maturity Weighted-average yield | 7.40% | 6.62% | ||
FHLMC [Member] | Residential MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 5 to 10 years | $ 20,129 | $ 21,443 | ||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 762 | 746 | ||
Held to Maturity Fair value After 5 to 10 years | 19,367 | 20,697 | ||
Allowance for credit losses After 5 to 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 5 to 10 years | 3.03% | 3.03% | ||
Held to Maturity Amortized Cost After 10 years | $ 19,176 | $ 19,362 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 596 | 888 | ||
Held to Maturity Fair value After 10 years | 18,580 | 18,474 | ||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 10 years | 4.30% | 4.21% | ||
Held To Maturity Securities Amortized | $ 39,305 | $ 40,805 | ||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses | 1,358 | 1,634 | ||
Held to Maturity Fair value | 37,947 | 39,171 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield | 3.65% | 3.59% | ||
GNMA [Member] | Residential MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 10 years | $ 18,502 | $ 19,131 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 795 | 943 | ||
Held to Maturity Fair value After 10 years | 17,707 | 18,188 | ||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 10 years | 3.31% | 3.35% | ||
FNMA [Member] | Residential MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 10 years | $ 71,258 | $ 72,347 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 2,190 | 3,155 | ||
Held to Maturity Fair value After 10 years | 69,068 | 69,192 | ||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 10 years | 4.16% | 4.14% | ||
Collateralized Mortgage Obligations [Member] | Residential MBS [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 10 years | $ 32,522 | $ 34,456 | ||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||
Held to Maturity Gross Unrecognized losses After 10 years | 1,154 | 1,424 | ||
Held to Maturity Fair value After 10 years | 31,368 | 33,032 | ||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||
Held to Maturity Weighted-average yield After 10 years | 3.49% | 3.49% |
DEBT SECURITIES - Investments S
DEBT SECURITIES - Investments Securities Held to Maturity (Securities in continuous unrealized loss position) (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | $ 255,209 | $ 260,106 |
HTM Unrealized Losses Less than 12 months | 10,386 | 11,721 |
HTM Fair Value 12 months or more | 108,266 | 98,797 |
HTM Unrealized Losses 12 months or more | 3,418 | 2,769 |
HTM Fair Value | 363,475 | 358,903 |
HTM Unrealized Losses | 13,804 | 14,490 |
Commercial MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 99,119 | 100,523 |
HTM Unrealized Losses Less than 12 months | 4,889 | 4,565 |
HTM Fair Value 12 months or more | 0 | 0 |
HTM Unrealized Losses 12 months or more | 0 | 0 |
HTM Fair Value | 99,119 | 100,523 |
HTM Unrealized Losses | 4,889 | 4,565 |
FHLMC [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 37,947 | 39,171 |
HTM Unrealized Losses Less than 12 months | 1,358 | 1,634 |
HTM Fair Value 12 months or more | 0 | 0 |
HTM Unrealized Losses 12 months or more | 0 | 0 |
HTM Fair Value | 37,947 | 39,171 |
HTM Unrealized Losses | 1,358 | 1,634 |
GNMA [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 17,707 | 18,188 |
HTM Unrealized Losses Less than 12 months | 795 | 943 |
HTM Fair Value 12 months or more | 0 | 0 |
HTM Unrealized Losses 12 months or more | 0 | 0 |
HTM Fair Value | 17,707 | 18,188 |
HTM Unrealized Losses | 795 | 943 |
FNMA [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 69,068 | 69,192 |
HTM Unrealized Losses Less than 12 months | 2,190 | 3,155 |
HTM Fair Value 12 months or more | 0 | 0 |
HTM Unrealized Losses 12 months or more | 0 | 0 |
HTM Fair Value | 69,068 | 69,192 |
HTM Unrealized Losses | 2,190 | 3,155 |
Collateralized Mortgage Obligations [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 31,368 | 33,032 |
HTM Unrealized Losses Less than 12 months | 1,154 | 1,424 |
HTM Fair Value 12 months or more | 0 | 0 |
HTM Unrealized Losses 12 months or more | 0 | 0 |
HTM Fair Value | 31,368 | 33,032 |
HTM Unrealized Losses | 1,154 | 1,424 |
Puerto Rico [Member] | Municipal Bonds [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 0 |
HTM Unrealized Losses Less than 12 months | 0 | 0 |
HTM Fair Value 12 months or more | 108,266 | 98,797 |
HTM Unrealized Losses 12 months or more | 3,418 | 2,769 |
HTM Fair Value | 108,266 | 98,797 |
HTM Unrealized Losses | $ 3,418 | $ 2,769 |
DEBT SECURITIES - ACL on Debt S
DEBT SECURITIES - ACL on Debt Securities Held-To-Maturity (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | $ 8,286 | |
Ending Balance | 7,646 | |
Municipal Bonds [Member] | PUERTO RICO | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Beginning Balance | 8,286 | $ 8,571 |
Provision for credit loss expense | (640) | 3,753 |
Ending Balance | $ 7,646 | $ 12,324 |
LOANS HELD FOR INVESTMENT - Loa
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Loans held for investment | $ 11,577,985 | $ 11,552,825 | ||
ACL for loans and finance leases | (265,567) | (260,464) | $ (245,447) | $ (269,030) |
Loans held for investment, net | 11,312,418 | 11,292,361 | ||
Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 9,598,623 | 9,464,474 | ||
Florida region [Member} | ||||
Loans held for investment | 1,979,362 | 2,088,351 | ||
Residential Portfolio Segment [Member] | ||||
Loans held for investment | 2,811,528 | 2,847,290 | ||
ACL for loans and finance leases | (64,403) | (62,760) | (68,820) | (74,837) |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 2,381,782 | 2,417,900 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | ||||
Loans held for investment | 429,746 | 429,390 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||
Loans held for investment | 2,862,189 | 2,886,263 | ||
ACL for loans and finance leases | (31,235) | (32,906) | (36,784) | (34,284) |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 1,941,228 | 1,860,109 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Florida region [Member} | ||||
Loans held for investment | 920,961 | 1,026,154 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Loans held for investment | 2,353,659 | 2,358,851 | ||
ACL for loans and finance leases | (36,460) | (35,064) | (30,138) | (52,771) |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 1,829,173 | 1,834,204 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||||
Loans held for investment | 524,486 | 524,647 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||
Loans held for investment | 143,664 | 132,953 | ||
ACL for loans and finance leases | (3,231) | (2,308) | (1,842) | (4,048) |
Commercial Portfolio Segment [Member] | Construction loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 48,195 | 34,772 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Florida region [Member} | ||||
Loans held for investment | 95,469 | 98,181 | ||
Consumer Portfolio Segment [Member] | ||||
Loans held for investment | 3,406,945 | 3,327,468 | ||
ACL for loans and finance leases | (130,238) | (127,426) | $ (107,863) | $ (103,090) |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 3,398,245 | 3,317,489 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | ||||
Loans held for investment | $ 8,700 | $ 9,979 |
LOANS HELD FOR INVESTMENT - L_2
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, before Allowance for Credit Loss | $ 11,577,985 | $ 11,552,825 |
Unaccreted fair value net purchase discounts | 28,300 | 29,300 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, before Allowance for Credit Loss | 2,862,189 | 2,886,263 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Commercial loans secured by real estate [Member] | ||
Financing Receivable, before Allowance for Credit Loss | $ 837,800 | $ 838,500 |
LOANS HELD FOR INVESTMENT - Cor
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 11,577,985 | $ 11,552,825 |
Nonaccrual Loans with No ACL | 24,574 | 25,026 |
Loans Past Due 90 days or more and Still Accruing | 74,380 | 80,283 |
Financing Receivable, Nonaccrual | 89,142 | 89,935 |
Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 11,319,958 | 11,277,708 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 54,822 | 58,718 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 39,683 | 46,181 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,811,528 | 2,847,290 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,699,959 | 2,729,132 |
Nonaccrual Loans with No ACL | 2,250 | 2,292 |
Loans Past Due 90 days or more and Still Accruing | 13,640 | 16,821 |
Financing Receivable, Nonaccrual | 36,410 | 42,772 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,626,542 | 2,643,909 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 23,367 | 25,630 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 111,569 | 118,158 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 41,723 | 48,456 |
Financing Receivable, Nonaccrual | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 67,977 | 67,116 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,869 | 2,586 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,862,189 | 2,886,263 |
Nonaccrual Loans with No ACL | 1,858 | 3,300 |
Loans Past Due 90 days or more and Still Accruing | 6,355 | 6,332 |
Financing Receivable, Nonaccrual | 13,404 | 7,830 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,840,568 | 2,868,989 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,438 | 1,984 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 424 | 1,128 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,353,659 | 2,358,851 |
Nonaccrual Loans with No ACL | 15,787 | 15,991 |
Loans Past Due 90 days or more and Still Accruing | 7,929 | 3,771 |
Financing Receivable, Nonaccrual | 21,598 | 22,319 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,323,116 | 2,330,094 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 509 | 300 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 507 | 2,367 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 143,664 | 132,953 |
Nonaccrual Loans with No ACL | 972 | 977 |
Loans Past Due 90 days or more and Still Accruing | 0 | 128 |
Financing Receivable, Nonaccrual | 1,794 | 2,208 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 141,870 | 130,617 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,406,945 | 3,327,468 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,832,865 | 1,798,071 |
Nonaccrual Loans with No ACL | 3,342 | 2,136 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 11,138 | 10,672 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,780,593 | 1,740,271 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 34,754 | 40,039 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 6,380 | 7,089 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 755,482 | 718,230 |
Nonaccrual Loans with No ACL | 344 | 330 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 2,208 | 1,645 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 743,656 | 707,646 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 8,056 | 7,148 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,562 | 1,791 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 360,735 | 353,246 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,263 | 1,248 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 353,214 | 346,366 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 4,160 | 3,738 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,098 | 1,894 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 310,627 | 311,731 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 4,733 | 4,775 |
Financing Receivable, Nonaccrual | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 299,387 | 301,013 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,989 | 3,705 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,518 | 2,238 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 147,236 | 146,190 |
Nonaccrual Loans with No ACL | 21 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,327 | 1,241 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 143,035 | 141,687 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,916 | 1,804 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 958 | $ 1,458 |
LOANS HELD FOR INVESTMENT - C_2
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,577,985 | $ 11,552,825 |
Nonaccrual Loans with No ACL | 24,574 | 25,026 |
Loans Past Due 90 days or more and Still Accruing | 74,380 | 80,283 |
Nonaccrual | 89,142 | 89,935 |
PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 10,400 | 12,000 |
Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,979,362 | 2,088,351 |
Nonaccrual | 15,200 | 8,300 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 54,822 | 58,718 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,811,528 | 2,847,290 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,775,118 | 2,804,518 |
Residential Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 429,746 | 429,390 |
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 422,329 | 422,089 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,699,959 | 2,729,132 |
Nonaccrual Loans with No ACL | 2,250 | 2,292 |
Loans Past Due 90 days or more and Still Accruing | 13,640 | 16,821 |
Nonaccrual | 36,410 | 42,772 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,663,549 | 2,686,360 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 9,400 | 11,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 429,011 | 428,648 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 421,594 | 421,347 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 60,700 | 65,200 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 111,569 | 118,158 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 41,723 | 48,456 |
Nonaccrual | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 111,569 | 118,158 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 735 | 742 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 735 | 742 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 5,300 | 6,100 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Past Due, 15 Months Delinquent [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 25,900 | 28,200 |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 7,100 | 10,400 |
Loans Past Due 90 days or more and Still Accruing | 7,100 | 10,300 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,862,189 | 2,886,263 |
Nonaccrual Loans with No ACL | 1,858 | 3,300 |
Loans Past Due 90 days or more and Still Accruing | 6,355 | 6,332 |
Nonaccrual | 13,404 | 7,830 |
Commercial Portfolio Segment [Member] | Florida region [Member} | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 920,961 | 1,026,154 |
Nonaccrual Loans with No ACL | 300 | 300 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,438 | 1,984 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,353,659 | 2,358,851 |
Nonaccrual Loans with No ACL | 15,787 | 15,991 |
Loans Past Due 90 days or more and Still Accruing | 7,929 | 3,771 |
Nonaccrual | 21,598 | 22,319 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 1,000 | 1,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 524,486 | 524,647 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 509 | 300 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 1,100 | $ 1,600 |
LOANS HELD FOR INVESTMENT - C_3
LOANS HELD FOR INVESTMENT - Corporation's Commercial and Construction Loans by Portfolio Classes and by Origination Year Based on the Internal Credit Risk Category (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | $ 11,577,985 | $ 11,552,825 | |
Charge-offs | 17,917 | $ 12,715 | |
Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 9,598,623 | 9,464,474 | |
Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 1,979,362 | 2,088,351 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 107,381 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 580,603 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 343,579 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 258,153 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 512,296 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 368,602 | ||
Financing Receivable, Revolving | 691,575 | ||
Loans held for investment | 2,862,189 | 2,886,263 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 63 | ||
Financing Receivable, Revolving, Writeoff | 55 | ||
Charge-offs | 118 | 290 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 70,739 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 303,735 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 189,390 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 181,936 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 322,684 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 274,285 | ||
Financing Receivable, Revolving | 598,459 | ||
Loans held for investment | 1,941,228 | 1,860,109 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 63 | ||
Financing Receivable, Revolving, Writeoff | 55 | ||
Charge-offs | 118 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 36,642 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 276,868 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 154,189 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 76,217 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 189,612 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 94,317 | ||
Financing Receivable, Revolving | 93,116 | ||
Loans held for investment | 920,961 | 1,026,154 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 0 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 107,381 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 580,471 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 322,667 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 257,237 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 491,668 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 326,933 | ||
Financing Receivable, Revolving | 658,574 | ||
Loans held for investment | 2,744,931 | 2,768,723 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 70,739 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 303,603 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 188,155 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 181,284 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 308,225 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 254,283 | ||
Financing Receivable, Revolving | 565,758 | ||
Loans held for investment | 1,872,047 | 1,789,572 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 36,642 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 276,868 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 134,512 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 75,953 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 183,443 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 72,650 | ||
Financing Receivable, Revolving | 92,816 | ||
Loans held for investment | 872,884 | 979,151 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 132 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20,516 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 7,003 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24,610 | ||
Financing Receivable, Revolving | 32,322 | ||
Loans held for investment | 84,583 | 61,129 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 132 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 839 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,029 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 12,885 | ||
Financing Receivable, Revolving | 32,322 | ||
Loans held for investment | 47,207 | 43,224 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 19,677 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,974 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 11,725 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 37,376 | 17,905 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 396 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 916 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,625 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,971 | ||
Financing Receivable, Revolving | 679 | ||
Loans held for investment | 25,587 | 56,411 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 396 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 652 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,430 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,117 | ||
Financing Receivable, Revolving | 379 | ||
Loans held for investment | 21,974 | 27,313 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 264 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 195 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,854 | ||
Financing Receivable, Revolving | 300 | ||
Loans held for investment | 3,613 | 29,098 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,088 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 7,088 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,088 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 7,088 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 70,998 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 569,996 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 209,683 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 410,826 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 369,061 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 703,066 | ||
Financing Receivable, Revolving | 20,029 | ||
Loans held for investment | 2,353,659 | 2,358,851 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 18 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 18 | 37 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 67,469 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 392,604 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 139,536 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 361,687 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 304,510 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 562,889 | ||
Financing Receivable, Revolving | 478 | ||
Loans held for investment | 1,829,173 | 1,834,204 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 18 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 18 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 3,529 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 177,392 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 70,147 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 49,139 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 64,551 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 140,177 | ||
Financing Receivable, Revolving | 19,551 | ||
Loans held for investment | 524,486 | 524,647 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 70,998 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 568,687 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 209,683 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 366,165 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 352,958 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 540,971 | ||
Financing Receivable, Revolving | 20,029 | ||
Loans held for investment | 2,129,491 | 2,158,912 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 67,469 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 391,295 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 139,536 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 325,141 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 301,638 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 400,794 | ||
Financing Receivable, Revolving | 478 | ||
Loans held for investment | 1,626,351 | 1,655,728 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 3,529 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 177,392 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 70,147 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 41,024 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 51,320 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 140,177 | ||
Financing Receivable, Revolving | 19,551 | ||
Loans held for investment | 503,140 | 503,184 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,177 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 43,493 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,306 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 131,350 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 189,326 | 165,710 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,177 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 36,546 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 75 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 131,350 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 169,148 | 145,415 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,947 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,231 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 20,178 | 20,295 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 132 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,168 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,797 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 30,745 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 34,842 | 34,229 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 132 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,797 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 30,745 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 33,674 | 33,061 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,168 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,168 | 1,168 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 6,586 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,528 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 61,709 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,365 | ||
Financing Receivable, Revolving | 2,476 | ||
Loans held for investment | 143,664 | 132,953 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 0 | $ 44 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 6,479 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 16,509 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 18,842 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,365 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 48,195 | 34,772 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 107 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 50,019 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 42,867 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 2,476 | ||
Loans held for investment | 95,469 | 98,181 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Charge-offs | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 6,586 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,528 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 61,709 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,885 | ||
Financing Receivable, Revolving | 2,476 | ||
Loans held for investment | 141,184 | 130,060 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 6,479 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 16,509 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 18,842 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,885 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 45,715 | 31,879 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 107 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 50,019 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 42,867 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 2,476 | ||
Loans held for investment | 95,469 | 98,181 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,480 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,480 | 2,893 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,480 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,480 | 2,893 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_4
LOANS HELD FOR INVESTMENT - Corporation's Residential Mortgage Loans By Origination Year Based on Accrual Status (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | $ 11,577,985 | $ 11,552,825 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 17,917 | $ 12,715 | |
Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 9,598,623 | 9,464,474 | |
Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 1,979,362 | 2,088,351 | |
Residential Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 38,091 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253,914 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 124,166 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 63,419 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 78,930 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,253,008 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,811,528 | 2,847,290 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 3 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 980 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 983 | $ 2,528 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 38,091 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253,914 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 124,131 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 63,419 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 78,665 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,216,898 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,775,118 | 2,804,518 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 35 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 265 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 36,110 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 36,410 | 42,772 | |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 24,859 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 172,295 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 75,175 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 32,262 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 49,262 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,027,929 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,381,782 | 2,417,900 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 3 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 980 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 983 | ||
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 24,859 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 172,295 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 75,140 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 32,262 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 49,262 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,998,971 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,352,789 | 2,382,429 | |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 35 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 28,958 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 28,993 | 35,471 | |
Residential Portfolio Segment [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 13,232 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,619 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48,991 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,157 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29,668 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 225,079 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 429,746 | 429,390 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 13,232 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,619 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48,991 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,157 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29,403 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 217,927 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 422,329 | 422,089 | |
Residential Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 265 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,152 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 7,417 | 7,301 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 696 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 448 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 765 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,557 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 108,103 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 111,569 | 118,158 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 696 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 448 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 765 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,557 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 108,103 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 111,569 | 118,158 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 696 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 448 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 765 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,557 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 107,368 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 110,834 | 117,416 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 696 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 448 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 765 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,557 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 107,368 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 110,834 | 117,416 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 735 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 735 | 742 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 735 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 735 | 742 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 38,091 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253,218 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 123,718 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 62,654 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77,373 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,144,905 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,699,959 | 2,729,132 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 38,091 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253,218 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 123,683 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 62,654 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77,108 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,108,795 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,663,549 | 2,686,360 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 35 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 265 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 36,110 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 36,410 | 42,772 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 24,859 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 171,599 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 74,727 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,497 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 47,705 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,920,561 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,270,948 | 2,300,484 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 24,859 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 171,599 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 74,692 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,497 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 47,705 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,891,603 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,241,955 | 2,265,013 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 35 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 28,958 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 28,993 | 35,471 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 13,232 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,619 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48,991 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,157 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29,668 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 224,344 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 429,011 | 428,648 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 13,232 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,619 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48,991 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,157 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29,403 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 217,192 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 421,594 | 421,347 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 265 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,152 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | $ 7,417 | $ 7,301 |
LOANS HELD FOR INVESTMENT - C_5
LOANS HELD FOR INVESTMENT - Corporation's Consumer Loans by Origination Year Based on Accrual Status (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | $ 11,577,985 | $ 11,552,825 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 17,917 | $ 12,715 | |
Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 9,598,623 | 9,464,474 | |
Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans held for investment | 1,979,362 | 2,088,351 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 313,129 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,154,486 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 731,445 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 352,909 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 321,044 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 212,180 | ||
Financing Receivable, Revolving | 321,752 | ||
Loans held for investment | 3,406,945 | 3,327,468 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 33 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,413 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 3,082 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 1,017 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,831 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,274 | ||
Financing Receivable, Revolving, Writeoff | 4,148 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 16,798 | $ 9,816 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 313,129 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,150,486 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 728,621 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 350,953 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 317,627 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 208,643 | ||
Financing Receivable, Revolving | 321,550 | ||
Loans held for investment | 3,391,009 | 3,312,662 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 4,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,824 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,956 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,417 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,537 | ||
Financing Receivable, Revolving | 202 | ||
Loans held for investment | 15,936 | 14,806 | |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 312,855 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,154,429 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 731,145 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 352,442 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 320,785 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 207,164 | ||
Financing Receivable, Revolving | 319,425 | ||
Loans held for investment | 3,398,245 | 3,317,489 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 33 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,413 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 3,082 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 1,017 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,823 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,127 | ||
Financing Receivable, Revolving, Writeoff | 4,148 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 16,643 | ||
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 312,855 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,150,429 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 728,321 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 350,486 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 317,368 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 203,670 | ||
Financing Receivable, Revolving | 319,327 | ||
Loans held for investment | 3,382,456 | 3,302,878 | |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 4,000 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,824 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,956 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,417 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,494 | ||
Financing Receivable, Revolving | 98 | ||
Loans held for investment | 15,789 | 14,611 | |
Consumer Portfolio Segment [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 274 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 57 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 300 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 467 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 259 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,016 | ||
Financing Receivable, Revolving | 2,327 | ||
Loans held for investment | 8,700 | 9,979 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 8 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 147 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 155 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 274 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 57 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 300 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 467 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 259 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,973 | ||
Financing Receivable, Revolving | 2,223 | ||
Loans held for investment | 8,553 | 9,784 | |
Consumer Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 43 | ||
Financing Receivable, Revolving | 104 | ||
Loans held for investment | 147 | 195 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 165,925 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 640,821 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 480,616 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 235,705 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 189,298 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 120,500 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,832,865 | 1,798,071 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 19 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,827 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 1,210 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 467 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 640 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 512 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4,675 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 165,925 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 638,402 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 478,373 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 234,358 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 186,590 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 118,079 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,821,727 | 1,787,399 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,419 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,243 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,347 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,708 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,421 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 11,138 | 10,672 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 165,925 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 640,821 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 480,616 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 235,705 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 189,039 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 117,960 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,830,066 | 1,794,378 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 19 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,827 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 1,210 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 467 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 632 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 365 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4,520 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 165,925 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 638,402 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 478,373 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 234,358 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 186,331 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 115,561 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,818,950 | 1,783,782 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,419 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,243 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,347 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,708 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,399 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 11,116 | 10,596 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 259 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,540 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,799 | 3,693 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 8 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 147 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 155 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 259 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,518 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,777 | 3,617 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 22 | 76 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 78,870 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 283,037 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 183,283 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 82,639 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 74,797 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,856 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 755,482 | 718,230 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 227 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 270 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 97 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 185 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 200 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 979 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 78,870 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 282,486 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 183,061 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 82,206 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 74,421 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,230 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 753,274 | 716,585 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 551 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 222 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 433 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 376 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 626 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,208 | 1,645 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 78,870 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 283,037 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 183,283 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 82,639 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 74,797 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,856 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 755,482 | 718,230 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 227 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 270 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 97 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 185 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 200 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 979 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 78,870 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 282,486 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 183,061 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 82,206 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 74,421 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,230 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 753,274 | 716,585 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 551 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 222 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 433 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 376 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 626 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 2,208 | 1,645 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 44,921 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,809 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,534 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 25,827 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 46,994 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 29,650 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 360,735 | 353,246 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,517 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 840 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 279 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 680 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 384 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 3,700 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 44,921 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,319 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,346 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 25,710 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 46,765 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 29,411 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 359,472 | 351,998 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 490 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 188 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 117 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 229 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 239 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,263 | 1,248 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 44,647 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,801 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,463 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 25,820 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 46,994 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 29,650 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 360,375 | 352,912 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,517 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 840 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 279 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 680 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 384 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 3,700 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 44,647 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,311 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,275 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 25,703 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 46,765 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 29,411 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 359,112 | 351,664 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 490 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 188 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 117 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 229 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 239 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 1,263 | 1,248 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 274 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 8 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 71 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 360 | 334 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 274 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 8 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 71 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 360 | 334 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 310,627 | ||
Loans held for investment | 310,627 | 311,731 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 4,057 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4,057 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 310,627 | ||
Loans held for investment | 310,627 | 311,731 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 310,627 | ||
Loans held for investment | 310,627 | 311,731 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 4,057 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 4,057 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 310,627 | ||
Loans held for investment | 310,627 | 311,731 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Revolving | 0 | ||
Loans held for investment | 0 | 0 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 23,413 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,819 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 18,012 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8,738 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,955 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,174 | ||
Financing Receivable, Revolving | 11,125 | ||
Loans held for investment | 147,236 | 146,190 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 14 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,842 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 762 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 174 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 326 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 178 | ||
Financing Receivable, Revolving, Writeoff | 91 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 3,387 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 23,413 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,279 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 17,841 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8,679 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,851 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,923 | ||
Financing Receivable, Revolving | 10,923 | ||
Loans held for investment | 145,909 | 144,949 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 540 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 171 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 59 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 104 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 251 | ||
Financing Receivable, Revolving | 202 | ||
Loans held for investment | 1,327 | 1,241 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 23,413 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,770 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 17,783 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8,278 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,955 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,698 | ||
Financing Receivable, Revolving | 8,798 | ||
Loans held for investment | 141,695 | 140,238 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 14 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,842 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 762 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 174 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 326 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 178 | ||
Financing Receivable, Revolving, Writeoff | 91 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 3,387 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 23,413 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,230 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 17,612 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 8,219 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,851 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,468 | ||
Financing Receivable, Revolving | 8,700 | ||
Loans held for investment | 140,493 | 139,116 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 540 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 171 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 59 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 104 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 230 | ||
Financing Receivable, Revolving | 98 | ||
Loans held for investment | 1,202 | 1,122 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 229 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 460 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,476 | ||
Financing Receivable, Revolving | 2,327 | ||
Loans held for investment | 5,541 | 5,952 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 229 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 460 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,455 | ||
Financing Receivable, Revolving | 2,223 | ||
Loans held for investment | 5,416 | 5,833 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Financing Receivable, Originated in Current Fiscal Year | 0 | ||
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | ||
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21 | ||
Financing Receivable, Revolving | 104 | ||
Loans held for investment | $ 125 | $ 119 |
LOANS HELD FOR INVESTMENT - Col
LOANS HELD FOR INVESTMENT - Collateral Dependent Loans Individually Evaluated For Purposes of Determining the ACL (Detail) - Collateral Pledged [Member] - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | $ 38,550 | $ 40,448 |
Related Specific Allowance | 3,654 | 3,820 |
Amortized Cost no ACL | 76,290 | 81,063 |
Amortized Cost | 114,840 | 121,511 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 34,257 | 36,206 |
Related Specific Allowance | 2,410 | 2,571 |
Amortized Cost no ACL | 152 | 0 |
Amortized Cost | 34,409 | 36,206 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 1,789 | 1,513 |
Related Specific Allowance | 347 | 322 |
Amortized Cost no ACL | 13,331 | 17,590 |
Amortized Cost | 15,120 | 19,103 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 2,449 | 2,466 |
Related Specific Allowance | 896 | 897 |
Amortized Cost no ACL | 61,851 | 62,453 |
Amortized Cost | 64,300 | 64,919 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 0 | 0 |
Related Specific Allowance | 0 | 0 |
Amortized Cost no ACL | 956 | 956 |
Amortized Cost | 956 | 956 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 55 | 56 |
Related Specific Allowance | 1 | 1 |
Amortized Cost no ACL | 0 | 64 |
Amortized Cost | 55 | 120 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 0 | 207 |
Related Specific Allowance | 0 | 29 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | $ 0 | $ 207 |
LOANS HELD FOR INVESTMENT - Add
LOANS HELD FOR INVESTMENT - Additional Information (Detail) - USD ($) | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | $ 11,577,985,000 | $ 11,552,825,000 | ||
Interest Receivable | 63,841,000 | 69,730,000 | ||
Financing Receivable Allowance For Credit Losses | 265,567,000 | $ 245,447,000 | 260,464,000 | $ 269,030,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 17,917,000 | 12,715,000 | ||
Loans and finance leases | 16,256,000 | (16,989,000) | ||
Interest Income Recognized on Nonaccrual Loans | 500,000 | 400,000 | ||
Loans modified to borrowers experiencing financial difficulty | 2,180,000 | |||
Past Due [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 374,000 | |||
Puerto Rico [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Credit risk concentration | 80% | |||
United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | $ 1,979,362,000 | $ 2,088,351,000 | ||
United States [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Credit risk concentration | 17% | |||
USVI and BVI [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Credit risk concentration | 3% | |||
Nonaccrual loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable Accrued Interest Writeoff | $ 600,000 | 400,000 | ||
Collateral Pledged [Member] | Weighted Average [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
LTV Coverage % | 69% | 70% | ||
Loans and Finance Receivables [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Interest Receivable | $ 49,400,000 | $ 53,100,000 | ||
GNMA [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans pooled amount | 29,400,000 | 41,500,000 | ||
Recognized gain on sale | 900,000 | 1,300,000 | ||
Residential Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,811,528,000 | 2,847,290,000 | ||
Residential mortgage loans in process of foreclosure | $ 62,600,000 | |||
Loans Foreclosure Delinquency Threshold | 120 days | |||
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block] | The Corporation foreclosure 120 timelines delayed due to, among other reasons, mandatory mediations, bankruptcy, | |||
Financing Receivable Allowance For Credit Losses | $ 64,403,000 | 68,820,000 | 62,760,000 | 74,837,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 983,000 | 2,528,000 | ||
Loans and finance leases | 73,000 | (4,871,000) | ||
Residential Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PRHFA [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 82,900,000 | 84,700,000 | ||
Residential Portfolio Segment [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 429,746,000 | 429,390,000 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | |||
Residential Portfolio Segment [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,775,118,000 | 2,804,518,000 | ||
Residential Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 422,329,000 | 422,089,000 | ||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 36,410,000 | 42,772,000 | ||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 7,417,000 | 7,301,000 | ||
Residential Portfolio Segment [Member] | PCD loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Residential mortgage loans in process of foreclosure | 8,800,000 | |||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,699,959,000 | 2,729,132,000 | ||
Loans modified to borrowers experiencing financial difficulty | 880,000 | |||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Past Due [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 429,011,000 | 428,648,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,663,549,000 | 2,686,360,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 421,594,000 | 421,347,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 36,410,000 | 42,772,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 7,417,000 | 7,301,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 111,569,000 | 118,158,000 | ||
Residential mortgage loans in process of foreclosure | 27,200,000 | |||
Loans modified to borrowers experiencing financial difficulty | 900,000 | |||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 735,000 | 742,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 111,569,000 | 118,158,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 735,000 | 742,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 | ||
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 7,100,000 | 10,400,000 | ||
Financing Receivable, Purchase | 1,500,000 | 500,000 | ||
Residential Portfolio Segment [Member] | FNMA [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gain from sale of loans | 200,000 | 2,100,000 | ||
Residential mortgage loans sold | 8,000,000 | 50,000,000 | ||
Residential Portfolio Segment [Member] | FHLMC [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gain from sale of loans | 100,000 | |||
Residential mortgage loans sold | 2,400,000 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 170,900,000 | 169,800,000 | ||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PREPA [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 10,200,000 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Property Tax Revenue [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 102,700,000 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Municipal Special Obligation Bond [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 28,000,000 | |||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 38,700,000 | 38,000,000 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 143,664,000 | 132,953,000 | ||
Financing Receivable Allowance For Credit Losses | 3,231,000 | 1,842,000 | 2,308,000 | 4,048,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | 44,000 | ||
Loans and finance leases | 860,000 | (2,214,000) | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Past Due [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Commercial Portfolio Segment [Member] | Construction loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 95,469,000 | 98,181,000 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | |||
Commercial Portfolio Segment [Member] | Central Government [Member] | Puerto Rico [Member] | Government [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 30,000,000 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,353,659,000 | 2,358,851,000 | ||
Financing Receivable Allowance For Credit Losses | 36,460,000 | 30,138,000 | 35,064,000 | 52,771,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 18,000 | 37,000 | ||
Loans and finance leases | 1,246,000 | (22,640,000) | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Past Due [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 524,486,000 | 524,647,000 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 2,862,189,000 | 2,886,263,000 | ||
Financing Receivable, Purchase | 0 | |||
Financing Receivable Allowance For Credit Losses | 31,235,000 | 36,784,000 | 32,906,000 | 34,284,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 118,000 | 290,000 | ||
Loans and finance leases | (1,650,000) | 1,755,000 | ||
Loans modified to borrowers experiencing financial difficulty | 40,000 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Past Due [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 920,961,000 | 1,026,154,000 | ||
Financing Receivable, Purchase | 46,400,000 | |||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | |||
Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 3,406,945,000 | 3,327,468,000 | ||
Financing Receivable Allowance For Credit Losses | 130,238,000 | 107,863,000 | 127,426,000 | $ 103,090,000 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 16,798,000 | 9,816,000 | ||
Loans and finance leases | 15,727,000 | $ 10,981,000 | ||
Consumer Portfolio Segment [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 8,700,000 | 9,979,000 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 155,000 | |||
Consumer Portfolio Segment [Member] | Performing loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 3,391,009,000 | 3,312,662,000 | ||
Consumer Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 8,553,000 | 9,784,000 | ||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | 15,936,000 | 14,806,000 | ||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing Receivable, before Allowance for Credit Loss | $ 147,000 | $ 195,000 |
LOANS HELD FOR INVESTMENT - Sel
LOANS HELD FOR INVESTMENT - Selected Information on TDRs includes Recorded Investment by Loan Class and Modification Type (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 2,180 | |
Post-Modification Outstanding Recorded Investment | $ 4,670 | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 880 | |
Percentage of Total by Portfolio Classes | 0.03% | |
Post-Modification Outstanding Recorded Investment | 2,993 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 40 | |
Percentage of Total by Portfolio Classes | 0% | |
Post-Modification Outstanding Recorded Investment | 5 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 0 | |
Percentage of Total by Portfolio Classes | 0% | |
Post-Modification Outstanding Recorded Investment | 0 | |
Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 0 | |
Percentage of Total by Portfolio Classes | 0% | |
Post-Modification Outstanding Recorded Investment | 0 | |
Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 711 | |
Percentage of Total by Portfolio Classes | 0.04% | |
Post-Modification Outstanding Recorded Investment | 993 | |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 264 | |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 42 | |
Percentage of Total by Portfolio Classes | 0.01% | |
Post-Modification Outstanding Recorded Investment | 78 | |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 289 | |
Percentage of Total by Portfolio Classes | 0.09% | |
Post-Modification Outstanding Recorded Investment | 189 | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 218 | |
Percentage of Total by Portfolio Classes | 0.15% | |
Post-Modification Outstanding Recorded Investment | 148 | |
Forbearance [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 0 | |
Forbearance [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Forbearance [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Payment Plan [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 332 | |
Trial Modification [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 332 | |
Trial Modification [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Trial Modification [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Interest Rate Reduction [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 289 | |
Post-Modification Outstanding Recorded Investment | 1,229 | |
Interest Rate Reduction [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 215 | |
Interest Rate Reduction [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Interest Rate Reduction [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Interest Rate Reduction [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Interest Rate Reduction [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 792 | |
Interest Rate Reduction [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 0 | |
Interest Rate Reduction [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Interest Rate Reduction [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 289 | |
Post-Modification Outstanding Recorded Investment | 189 | |
Interest Rate Reduction [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 33 | |
Term Extension [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 682 | |
Post-Modification Outstanding Recorded Investment | 1,197 | |
Term Extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 433 | |
Post-Modification Outstanding Recorded Investment | 731 | |
Term Extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Term Extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Term Extension [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Term Extension [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 89 | |
Post-Modification Outstanding Recorded Investment | 54 | |
Term Extension [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 246 | |
Term Extension [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 28 | |
Post-Modification Outstanding Recorded Investment | 60 | |
Term Extension [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Term Extension [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 132 | |
Post-Modification Outstanding Recorded Investment | 106 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 227 | |
Post-Modification Outstanding Recorded Investment | 355 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 115 | |
Post-Modification Outstanding Recorded Investment | 190 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 38 | |
Post-Modification Outstanding Recorded Investment | 147 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 14 | |
Post-Modification Outstanding Recorded Investment | 18 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 60 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 9 | |
Forgiveness Of Principal And/Or Interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Forgiveness Of Principal And/Or Interest [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 9 | |
Other Loan Modifications [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 650 | |
Post-Modification Outstanding Recorded Investment | 1,880 | |
Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 1,857 | |
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 40 | |
Post-Modification Outstanding Recorded Investment | 5 | |
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Other Loan Modifications [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Other Loan Modifications [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 584 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Other Loan Modifications [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 18 | |
Other Loan Modifications [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Other Loan Modifications [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | 0 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Other Loan Modifications [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Loans modified to borrowers experiencing financial difficulty | $ 26 | |
Post-Modification Outstanding Recorded Investment | 0 | |
Entity Loan Modification Program [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 4,670 | |
Entity Loan Modification Program [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 2,993 | |
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 5 | |
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 0 | |
Entity Loan Modification Program [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 0 | |
Entity Loan Modification Program [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 993 | |
Entity Loan Modification Program [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 264 | |
Entity Loan Modification Program [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 78 | |
Entity Loan Modification Program [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | 148 | |
Entity Loan Modification Program [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Post-Modification Outstanding Recorded Investment | $ 189 |
LOANS HELD FOR INVESTMENT - Fin
LOANS HELD FOR INVESTMENT - Financial Effects of the Permanent Modifications Granted to Borrowers Experiencing Financial Difficulty (Detail) - Permanent Modification [Member] $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Term Extension (in months) | 98 months |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Term Extension (in months) | 22 months |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Term Extension (in months) | 30 months |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 16.04% |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Weighted-Average Term Extension (in months) | 27 months |
Weighted-Average Forgiveness of Principal and/or Interest | $ 0 |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 2.11% |
Weighted-Average Term Extension (in months) | 141 months |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Construction Loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 2.88% |
Weighted-Average Term Extension (in months) | 28 months |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 3.36% |
Weighted-Average Term Extension (in months) | 12 months |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 0% |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Weighted-Average Interest Rate Reduction (%) | 1.96% |
Weighted-Average Term Extension (in months) | 26 months |
LOANS HELD FOR INVESTMENT - Per
LOANS HELD FOR INVESTMENT - Performance of Loans Modified During Period (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | $ 2,180 |
Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 147 |
Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 227 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 374 |
Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 1,806 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 880 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 880 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 40 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 40 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 711 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 44 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 138 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 182 |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 529 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 42 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 42 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 289 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 103 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 89 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 192 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 97 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 218 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | 0 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |
Financing Receivable Modifications [Line Items] | |
Financing Receivable Excluding Accrued Interest Modified Period | $ 218 |
LOANS HELD FOR INVESTMENT - L_3
LOANS HELD FOR INVESTMENT - Loan Modifications are Considered TDRs (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | $ 4,670 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 2,993 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 5 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 0 |
Construction loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 993 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 264 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 78 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | 148 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Post-Modification Outstanding Recorded Investment | $ 189 |
TDR [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 164 |
Pre-modification Outstanding Recorded Investment | $ 4,673 |
Post-Modification Outstanding Recorded Investment | $ 4,670 |
TDR [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 23 |
Pre-modification Outstanding Recorded Investment | $ 2,996 |
Post-Modification Outstanding Recorded Investment | $ 2,993 |
TDR [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 1 |
Pre-modification Outstanding Recorded Investment | $ 5 |
Post-Modification Outstanding Recorded Investment | $ 5 |
TDR [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Pre-modification Outstanding Recorded Investment | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 |
TDR [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Pre-modification Outstanding Recorded Investment | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 |
TDR [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 51 |
Pre-modification Outstanding Recorded Investment | $ 995 |
Post-Modification Outstanding Recorded Investment | $ 993 |
TDR [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 13 |
Pre-modification Outstanding Recorded Investment | $ 264 |
Post-Modification Outstanding Recorded Investment | $ 264 |
TDR [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 5 |
Pre-modification Outstanding Recorded Investment | $ 78 |
Post-Modification Outstanding Recorded Investment | $ 78 |
TDR [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 44 |
Pre-modification Outstanding Recorded Investment | $ 189 |
Post-Modification Outstanding Recorded Investment | $ 189 |
TDR [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 27 |
Pre-modification Outstanding Recorded Investment | $ 146 |
Post-Modification Outstanding Recorded Investment | $ 148 |
LOANS HELD FOR INVESTMENT - L_4
LOANS HELD FOR INVESTMENT - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) - TDR [Member] $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 41 |
Recorded investment | $ | $ 1,017 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 3 |
Recorded investment | $ | $ 389 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Recorded investment | $ | $ 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Recorded investment | $ | $ 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Recorded investment | $ | $ 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 24 |
Recorded investment | $ | $ 522 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 1 |
Recorded investment | $ | $ 16 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 0 |
Recorded investment | $ | $ 0 |
Credit Cards | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 11 |
Recorded investment | $ | $ 79 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |
Financing Receivable Modifications [Line Items] | |
Number of contracts | numberofcontracts | 2 |
Recorded investment | $ | $ 11 |
ALLOWANCE FOR CREDIT LOSSES O_3
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LOSSES - Activity in ACL on loans and finance leases (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | $ 260,464 | $ 269,030 |
Provision for credit losses - (benefit) expense | 16,256 | (16,989) |
Charge-offs | (17,917) | (12,715) |
Recoveries | 4,648 | 6,121 |
Ending balance | 265,567 | 245,447 |
Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 2,116 | |
Residential Portfolio Segment [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 62,760 | 74,837 |
Provision for credit losses - (benefit) expense | 73 | (4,871) |
Charge-offs | (983) | (2,528) |
Recoveries | 497 | 1,382 |
Ending balance | 64,403 | 68,820 |
Residential Portfolio Segment [Member] | Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 2,056 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 32,906 | 34,284 |
Provision for credit losses - (benefit) expense | (1,650) | 1,755 |
Charge-offs | (118) | (290) |
Recoveries | 90 | 1,035 |
Ending balance | 31,235 | 36,784 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 7 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 35,064 | 52,771 |
Provision for credit losses - (benefit) expense | 1,246 | (22,640) |
Charge-offs | (18) | (37) |
Recoveries | 168 | 44 |
Ending balance | 36,460 | 30,138 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 2,308 | 4,048 |
Provision for credit losses - (benefit) expense | 860 | (2,214) |
Charge-offs | 0 | (44) |
Recoveries | 63 | 52 |
Ending balance | 3,231 | 1,842 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | 127,426 | 103,090 |
Provision for credit losses - (benefit) expense | 15,727 | 10,981 |
Charge-offs | (16,798) | (9,816) |
Recoveries | 3,830 | 3,608 |
Ending balance | 130,238 | $ 107,863 |
Consumer Portfolio Segment [Member] | Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | $ 53 |
ALLOWANCE FOR CREDIT LOSSES O_4
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES - Carrying Amount of Portfolios (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 11,577,985 | $ 11,552,825 | ||
Allowance for credit losses | 265,567 | 260,464 | $ 245,447 | $ 269,030 |
Residential Mortgage Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | 2,811,528 | 2,847,290 | ||
Allowance for credit losses | $ 64,403 | $ 62,760 | 68,820 | 74,837 |
Residential Mortgage Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 2.29% | 2.20% | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 2,862,189 | $ 2,886,263 | ||
Allowance for credit losses | $ 31,235 | $ 32,906 | 36,784 | 34,284 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 1.09% | 1.14% | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 2,353,659 | $ 2,358,851 | ||
Allowance for credit losses | $ 36,460 | $ 35,064 | 30,138 | 52,771 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 1.55% | 1.49% | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 143,664 | $ 132,953 | ||
Allowance for credit losses | $ 3,231 | $ 2,308 | 1,842 | 4,048 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 2.25% | 1.74% | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 3,406,945 | $ 3,327,468 | ||
Allowance for credit losses | $ 130,238 | $ 127,426 | $ 107,863 | $ 103,090 |
Consumer Portfolio Segment [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 3.82% | 3.83% | ||
Loan Total [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 2.29% | 2.25% |
ALLOWANCE FOR CREDIT LOSSES O_5
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LOSSES - Activity in ACL for unfunded loan commitments and standby letters of credit (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning balance | $ 4,273 | $ 1,537 |
Provision for credit losses - (benefit) | (105) | (178) |
Ending balance | $ 4,168 | $ 1,359 |
ALLOWANCE FOR CREDIT LOSSES O_6
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | $ 265,567 | $ 245,447 | $ 260,464 | $ 269,030 |
Increase (decrease) in ACL | (5,100) | |||
Provision for credit losses - (benefit) expense | 16,256 | (16,989) | ||
Net charge-offs | 13,300 | |||
Increase (decrease) in net charge-offs | (6,700) | |||
Recoveries | 4,648 | 6,121 | ||
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | (105) | (178) | ||
Off-Balance Sheet, Credit Loss, Liability | 4,168 | 1,359 | 4,273 | 1,537 |
Charge-offs | 17,917 | 12,715 | ||
Net disbursements on loans held for investment | 71,193 | 48,370 | ||
Residential Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 64,403 | 68,820 | 62,760 | 74,837 |
Increase (decrease) in ACL | (1,600) | |||
Provision for credit losses - (benefit) expense | 73 | (4,871) | ||
Increase (decrease) in net charge-offs | 700 | |||
Recoveries | 497 | 1,382 | ||
Charge-offs | 983 | 2,528 | ||
Residential Portfolio Segment [Member] | U S [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | 0 | |||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Increase (decrease) in net charge-offs | (600) | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 31,235 | 36,784 | 32,906 | 34,284 |
Provision for credit losses - (benefit) expense | (1,650) | 1,755 | ||
Recoveries | 90 | 1,035 | ||
Charge-offs | 118 | 290 | ||
Commercial Portfolio Segment [Member] | Macroeconomic Environment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Increase (decrease) in ACL | 1,100 | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 3,231 | 1,842 | 2,308 | 4,048 |
Provision for credit losses - (benefit) expense | 860 | (2,214) | ||
Recoveries | 63 | 52 | ||
Charge-offs | 0 | 44 | ||
Commercial Portfolio Segment [Member] | U S [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Increase (decrease) in ACL | (6,100) | |||
Charge-offs | 0 | |||
Commercial Portfolio Segment [Member] | U S [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | 0 | |||
Commercial Portfolio Segment [Member] | U S [Member] | Leisure And Entertainment Industry [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Net disbursements on loans held for investment | 24,300 | |||
Commercial Portfolio Segment [Member] | Nonaccrual loans [Member] | U S [Member] | Power And Generation Industry [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 5,000 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 36,460 | 30,138 | 35,064 | 52,771 |
Provision for credit losses - (benefit) expense | 1,246 | (22,640) | ||
Recoveries | 168 | 44 | ||
Charge-offs | 18 | 37 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | U S [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | 0 | |||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 130,238 | 107,863 | 127,426 | $ 103,090 |
Increase (decrease) in ACL | (2,900) | |||
Provision for credit losses - (benefit) expense | 15,727 | 10,981 | ||
Increase (decrease) in net charge-offs | (6,800) | |||
Recoveries | 3,830 | 3,608 | ||
Charge-offs | 16,798 | $ 9,816 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | 4,675 | |||
Consumer Portfolio Segment [Member] | U S [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | 155 | |||
Consumer Portfolio Segment [Member] | U S [Member] | Automobile Loan [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Charge-offs | $ 155 | |||
Accounting Standard Update 2022-02 [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 2,116 | |||
Accounting Standard Update 2022-02 [Member] | Residential Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 2,056 | |||
Accounting Standard Update 2022-02 [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 7 | |||
Accounting Standard Update 2022-02 [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 0 | |||
Accounting Standard Update 2022-02 [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | 0 | |||
Accounting Standard Update 2022-02 [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Financing Receivable Allowance For Credit Losses | $ 53 |
OTHER REAL ESTATE OWNED- Other
OTHER REAL ESTATE OWNED- Other real estate owned (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Real Estate Properties [Line Items] | ||
OREO | $ 32,862 | $ 31,641 |
Residential [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 24,984 | 24,025 |
Commercial [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 6,114 | 5,852 |
Commercial [Member] | Construction [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | $ 1,764 | $ 1,764 |
OTHER REAL ESTATE OWNED- Additi
OTHER REAL ESTATE OWNED- Additional information (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 299,446 | $ 305,633 |
Government Guaranteed Mortgage Loans Upon Foreclosure Receivable [Member] | ||
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 22,600 | $ 23,500 |
GOODWILL AND OTHER INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Finite Lived Intangible Assets [Line Items] | |||
Goodwill | $ 38,611,000 | $ 38,611,000 | |
Goodwill impairment | 0 | ||
Amortization of intangible assets | $ 2,045,000 | $ 2,286,000 | |
Change in carrying amount of goodwill | $ 0 | ||
Goodwill Impaired Facts And Circumstances Leading To Impairment | The Corporation’s policy is to assess goodwill and other intangibles for impairment on an annual basis during the fourth quarter of each year, and more frequently if events or circumstances lead management to believe that the values of goodwill or other intangibles may be impaired. During the fourth quarter of 2022, management performed a qualitative analysis over the carrying amount of each relevant reporting units’ goodwill and concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. This assessment involved identifying the inputs and assumptions that most affect fair value, including evaluating significant and relevant events impacting each reporting entity, and evaluating such factors to determine if a positive assertion can be made that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying amount. As of December 31, 2022, the Corporation concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. The Corporation determined that there have been no significant events since the last annual assessment that could indicate potential goodwill impairment on reporting units for which the goodwill is allocated. As a result, no impairment charges for goodwill were recorded during the quarter ended March 31, 2023. | ||
Impaired Intangible Asset Description | The Corporation amortizes core deposit intangibles and customer relationship intangible based on the projected useful lives of the related deposits in the case of core deposit intangibles, and over the projected useful lives of the related client relationships in the case of the customer relationship intangible. The Corporation analyzes core deposit intangibles and the customer relationship intangible annually for impairment, or sooner if events and circumstances indicate possible impairment. Factors that may suggest impairment include customer attrition and run-off. Management is unaware of any events and/or circumstances that would indicate a possible impairment to the core deposit intangibles or the customer relationship intangible as of March 31, 2023. |
GOODWILL AND OTHER INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Finite Lived Intangible Assets [Line Items] | |||
Net carrying amount | $ 19,073 | $ 21,118 | |
Core Deposits [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross amount | 87,544 | 87,544 | |
Accumulated amortization | (68,557) | (66,644) | |
Net carrying amount | $ 18,987 | 20,900 | |
Remaining amortization period (in years) | 6 years 9 months 18 days | 7 years | |
Customer Relationships [Member] | Credit Card [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross amount | $ 3,800 | 3,800 | |
Accumulated amortization | (3,714) | (3,595) | |
Net carrying amount | $ 86 | 205 | |
Remaining amortization period (in years) | 4 months 24 days | 8 months 12 days | |
Insurance Customer Relationship Intangible [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross amount | $ 0 | 1,067 | |
Accumulated amortization | 0 | (1,054) | |
Net carrying amount | $ 0 | $ 13 | |
Remaining amortization period (in years) | 1 month 6 days |
GOODWILL AND OTHER INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLES - Amortization Expense (Detail) $ in Thousands | Mar. 31, 2023 USD ($) |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
2023 | $ 5,691 |
2024 | 6,416 |
2025 | 3,509 |
2026 | 872 |
2027 | 872 |
2028 and after | $ 1,713 |
NON-CONSOLIDATED VARIABLE INT_3
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | ||||
Sep. 30, 2004 | Apr. 30, 2004 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Servicing Liabilities At Fair Value [Line Items] | ||||||
Servicing Asset at Amortized Cost | $ 28,431 | $ 29,037 | $ 30,753 | $ 30,986 | ||
Servicing Asset At Fair Value Amount | $ 45,270 | $ 44,710 | ||||
Weighted-average yield | 1.23% | 1.22% | ||||
Percentage Of Variation In Assumptions | 10% | |||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Qualitative Information | These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSR is calculated without changing any other assumption. In reality, 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 counteract the sensitivities | |||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 449 | $ 458 | ||||
Junior subordinated debentures | $ 183,762 | $ 183,762 | ||||
Minimum [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Percentage Of Variation In Assumptions | 10% | |||||
Maximum [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Percentage Of Variation In Assumptions | 20% | |||||
Variable Rate Demand Obligation [Member] | Junior Subordinated Debt [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Debt Instrument, Maturity Date, Description | The Junior Subordinated Deferrable Debentures mature on June 17, 2034, and September 20, 2034, respectively; however, under certain circumstances, the maturity of Junior Subordinated Deferrable Debentures may be shortened (such shortening would result in a mandatory redemption of the variable-rate TRuPs). | |||||
Variable Rate Demand Obligation [Member] | Statutory Trust One [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Proceeds from Issuance of Trust Preferred Securities | $ 100,000 | |||||
Proceeds of the issuance, together with proceeds of the purchase | 3,100 | |||||
Principal amount of corporation's junior subordinated deferrable debentures | $ 103,100 | |||||
Variable Rate Demand Obligation [Member] | Statutory Trust Two [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Proceeds from Issuance of Trust Preferred Securities | $ 125,000 | |||||
Proceeds of the issuance, together with proceeds of the purchase | 3,900 | |||||
Principal amount of corporation's junior subordinated deferrable debentures | $ 128,900 | |||||
Residential MBS [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Weighted-average yield | 1.55% | 1.52% | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 83 | $ 83 | ||||
Residential MBS [Member] | Private label [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Servicing Asset at Amortized Cost | 7,700 | |||||
Servicing Asset At Fair Value Amount | $ 5,400 | |||||
Residential MBS [Member] | Private label [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |||||
GNMA [Member] | ||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||
Principal amount of corporation serviced loans securitized through GNMA | $ 2,100,000 |
NON-CONSOLIDATED VARIABLE INT_4
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | ||
Balance at beginning of period | $ 29,037 | $ 30,986 |
Capitalization of servicing assets | 532 | 1,130 |
Amortization | (1,128) | (1,330) |
Temporary impairment recoveries | 4 | 55 |
Adjustment to servicing assets for loans repurchased | (14) | (88) |
Balance at end of period | $ 28,431 | $ 30,753 |
NON-CONSOLIDATED VARIABLE INT_5
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | ||
Balance at beginning of period | $ 12 | $ 78 |
Recoveries | (4) | (55) |
Balance at end of period | $ 8 | $ 23 |
NON-CONSOLIDATED VARIABLE INT_6
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | ||
Servicing fees | $ 2,718 | $ 2,819 |
Late charges and prepayment penalties | 199 | 194 |
Adjustment to servicing assets for loans repurchased | (14) | (88) |
Servicing income, gross | 2,903 | 2,925 |
Amortization and impairment of servicing assets | (1,124) | (1,275) |
Servicing income, net | $ 1,779 | $ 1,650 |
NON-CONSOLIDATED VARIABLE INT_7
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans (Detail) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Weighted Average [Member] | Conventional Loan [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 7.70% | 6.60% |
Discount rate | 9.50% | 10% |
Weighted Average [Member] | Conventional Non Conforming Mortgage Loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 5.70% | 6.60% |
Discount rate | 12.80% | 12.30% |
Weighted Average [Member] | Government-guaranteed mortgage loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 6.70% | 6.70% |
Discount rate | 11.50% | 12% |
Maximum [Member] | Conventional Loan [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 16% | 18.40% |
Discount rate | 9.50% | 10% |
Maximum [Member] | Conventional Non Conforming Mortgage Loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 7% | 21.90% |
Discount rate | 14% | 14.50% |
Maximum [Member] | Government-guaranteed mortgage loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 11.60% | 18.30% |
Discount rate | 11.50% | 12% |
Minimum [Member] | Conventional Loan [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 3.80% | 3.40% |
Discount rate | 9.50% | 10% |
Minimum [Member] | Conventional Non Conforming Mortgage Loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 2.10% | 4.90% |
Discount rate | 11.50% | 12% |
Minimum [Member] | Government-guaranteed mortgage loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 4.80% | 4.80% |
Discount rate | 11.50% | 12% |
NON-CONSOLIDATED VARIABLE INT_8
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | ||||
Carrying amount of servicing assets | $ 28,431 | $ 29,037 | $ 30,753 | $ 30,986 |
Fair value | $ 45,270 | $ 44,710 | ||
Weighted-average expected life | 7 years 9 months 18 days | 7 years 9 months 18 days | ||
Constant prepayment rate | 6.34% | 6.40% | ||
Decrease in fair value due to 10% adverse change | $ 1,040 | $ 1,048 | ||
Decrease in fair value due to 20% adverse change | $ 2,036 | $ 2,054 | ||
Discount rate | 10.70% | 10.69% | ||
Decrease in fair value due to 10% adverse change | $ 1,960 | $ 1,925 | ||
Decrease in fair value due to 20% adverse change | $ 3,770 | $ 3,704 |
DEPOSITS - Narratives (Detail)
DEPOSITS - Narratives (Detail) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
Deposits [Line Items] | ||
Unamortized broker placement fees | $ 0.4 | $ 0.3 |
Time deposits in denominations of $250,000 or more | $ 1,100 | $ 1,000 |
DEPOSITS - Summary of Deposit B
DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deposits, by Type [Abstract] | ||
Non-interest-bearing deposit accounts | $ 6,024,304 | $ 6,112,884 |
Interest-bearing savings accounts | 3,808,182 | 3,902,888 |
Interest-bearing checking accounts | 3,547,963 | 3,770,993 |
Certificates of deposit ("CDs") | 2,418,611 | 2,250,876 |
Brokered CDs | 252,905 | 105,826 |
Total deposits | $ 16,051,965 | $ 16,143,467 |
DEPOSITS - Certificates of Depo
DEPOSITS - Certificates of Deposits Mature (Detail) $ in Thousands | Mar. 31, 2023 USD ($) |
DEPOSITS [Abstract] | |
Three months or less | $ 499,307 |
Over three months to six months | 361,274 |
Over six months to one year | 732,933 |
Over one year to two years | 751,913 |
Over two years to three years | 155,590 |
Over three years to four years | 46,748 |
Over four years to five years | 117,009 |
Over five years | 6,742 |
Total | $ 2,671,516 |
DEPOSITS - Interest Expenses on
DEPOSITS - Interest Expenses on deposits (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest Expense, Deposits [Abstract] | ||
Interest expense on deposits | $ 29,924 | $ 7,817 |
Accretion of premium from acquisitions | (83) | (200) |
Amortization of broker placement fees | 44 | 35 |
Total | $ 29,885 | $ 7,652 |
SECURITIES SOLD UNDER AGREEME_3
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Narratives (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | ||
Maximum aggregate balance outstanding | $ 172,982 | $ 75,133 |
Short-term Debt [Member] | ||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | ||
Assets Sold under Agreements to Repurchase, Interest Rate | 5.08% | 4.55% |
Maximum aggregate balance outstanding | $ 172,982 | $ 75,133 |
Repayments of debt | $ 75,100 |
SECURITIES SOLD UNDER AGREEME_4
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 172,982 | $ 75,133 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 172,982 | $ 75,133 |
SECURITIES SOLD UNDER AGREEME_5
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMETNS) - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) | Mar. 31, 2023 | Dec. 31, 2022 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Weighted-average interest rates on repurchase agreements | 5.08% | 4.55% |
SECURITIES SOLD UNDER AGREEME_6
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Schedule of Repurchase Agreement Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Short-term securities sold under agreements to repurchase | $ 172,982 | $ 75,133 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Short-term securities sold under agreements to repurchase | 172,982 | $ 75,133 |
Within one month | Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Short-term securities sold under agreements to repurchase | $ 172,982 |
SECURITIES SOLD UNDER AGREEME_7
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE REPURCHASE AGREEMENTS) - Repurchase Agreements Grouped by Counterparty (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Repurchase Agreement Counterparty [Line Items] | ||
Repurchase agreements | $ 172,982 | $ 75,133 |
Jp Morgan Chase [Member] | ||
Repurchase Agreement Counterparty [Line Items] | ||
Repurchase agreements | $ 172,982 | |
Weighted-Average Maturity | 1 month |
ADVANCES FROM THE FEDERAL HOM_3
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 925,000 | $ 675,000 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | 425,000 | 475,000 |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 500,000 | $ 200,000 |
ADVANCES FROM THE FEDERAL HOM_4
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Parenthetical) (Detail) | Mar. 31, 2023 | Dec. 31, 2022 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 5.04% | 4.56% |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed | |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 4.45% | 4.25% |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed | Fixed |
ADVANCES FROM THE FEDERAL HOM_5
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | ||
Within one month | $ 425,000 | |
Over one to five years | 500,000 | |
Total | $ 925,000 | $ 675,000 |
ADVANCES FROM THE FEDERAL HOM_6
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 925,000 | $ 675,000 |
Loans held for investment | 11,577,985 | $ 11,552,825 |
Federal Home Loan Bank Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Federal Home Loan Bank Advances | 425,000 | |
Payments For Federal Home Loan Bank Advances | $ 475,000 | |
Fixed-rate advances from FHLB, interest rate | 5.04% | 4.56% |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 425,000 | $ 475,000 |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | 500,000 | $ 200,000 |
Federal Home Loan Bank Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Federal Home Loan Bank Advances | $ 300,000 | |
Fixed-rate advances from FHLB, interest rate | 4.59% |
OTHER BORROWINGS - Components o
OTHER BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 183,762 | $ 183,762 |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 65,205 | 65,205 |
due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 118,557 | $ 118,557 |
OTHER BORROWINGS - Components_2
OTHER BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail) - Junior Subordinated Debt [Member] - London Interbank Offered Rate (LIBOR) [Member] | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.75% | |
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 7.66% | 7.49% |
due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.50% | |
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 7.46% | 7.25% |
OTHER BORROWINGS - Additional I
OTHER BORROWINGS - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Short Term Debt [Line Items] | ||
Loans held for investment | $ 11,577,985 | $ 11,552,825 |
EARNINGS PER COMMON SHARE - Cal
EARNINGS PER COMMON SHARE - Calculations of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net income: | ||
Net income attributable to common stockholders | $ 70,698 | $ 82,600 |
Weighted-Average Shares: | ||
Average common shares outstanding | 180,215 | 198,130 |
Average potential dilutive common shares | 1,021 | 1,407 |
Average common shares outstanding - assuming dilution | 181,236 | 199,537 |
Earnings per common share: | ||
Basic | $ 0.39 | $ 0.42 |
Diluted | $ 0.39 | $ 0.41 |
EARNINGS PER COMMON SHARE - Add
EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
EARNINGS PER COMMON SHARE [Abstract] | ||
Antidilutive shares of common stock | 0 | 0 |
STOCK-BASED COMPENSATION - Omni
STOCK-BASED COMPENSATION - Omnibus Plan - Additional Information (Detail) - Omnibus Plan [Member] | Mar. 31, 2023 shares |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Authorized granting up shares | 14,169,807 |
Restricted stock available for issuance | 3,142,813 |
STOCK-BASED COMPENSATION - Rest
STOCK-BASED COMPENSATION - Restricted Stock - Additional Information (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 495,891 | 299,440 |
Stock-based compensation expense | $ 1.6 | $ 0.9 |
Unrecognized compensation cost related to unvested shares | $ 7.8 | |
Period for cost recognition not yet recognized | 2 years 1 month 6 days | |
Director [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 3,502 | 3,048 |
Restricted stock vesting period | 1 year | |
Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 492,389 | 296,392 |
Retirement Eligible Shares | 33,718 | 6,084 |
Restricted stock vesting after two-year anniversary of the grant date [Member] | Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Restricted stock vesting period | 2 years | |
Restricted stock vesting percentage | 50% | |
Restricted stock vesting after three-year anniversary of the grant date [Member] | Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Restricted stock vesting period | 3 years | |
Restricted stock vesting percentage | 50% |
STOCK-BASED COMPENSATION - Re_2
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - $ / shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 938,491 | 1,148,775 |
Granted shares | 495,891 | 299,440 |
Forfeited | (25,415) | (3,092) |
Vested | (481,536) | (487,198) |
Unvested shares of outstanding, end of period | 927,431 | 957,925 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 9.14 | $ 6.61 |
Weighted-Average Grant Date Fair Value, Granted | 11.99 | 13.15 |
Weighted-Averages Grant Date Fair Value, Forfeited | 9.98 | 6.69 |
Weighted-Average Grant Date Fair Value, Vested | 5.93 | 5.72 |
Weighted-Average Grant Date Fair Value, end of period | $ 12.32 | $ 9.10 |
STOCK-BASED COMPENSATION - Re_3
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Parenthetical) (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 495,891 | 299,440 |
Director [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 3,502 | 3,048 |
Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 492,389 | 296,392 |
Retirement Eligible Shares | 33,718 | 6,084 |
STOCK-BASED COMPENSATION - Perf
STOCK-BASED COMPENSATION - Performance Units - Additional Information (Detail) - Omnibus Plan [Member] - Performance Shares [member] - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 216,876 | 166,669 |
Performance units program description | On March 16, 2023, the Corporation granted 216,876 performance units to executives. Performance units granted on or after March 16, 2023 will vest on the third anniversary of the effective date of the award based on actual achievement of two performance metrics weighted equally: relative total shareholder return (“Relative TSR”), compared to companies that comprise the KBW Nasdaq Regional Banking Index, and the achievement of a tangible book value per share (“TBVPS”) goal, which is measured based upon the growth in the tangible book value during the performance cycle, adjusted for certain allowable non-recurring transactions. The participant may earn 50% of their target opportunity for threshold-level performance and up to 150% of their target opportunity for maximum-level performance, based on the achievement of the performance goals during a three-year performance cycle. Amounts between threshold, target and maximum performance will vest on a proportional amount. Performance units granted prior to March 16, 2023 vest subject only to achievement of a TBVPS goal. In addition, the participant may earn only up to 100% of their target opportunity. | |
Stock-based compensation expense | $ 0.5 | $ 0.3 |
Unrecognized compensation cost related to unvested performance units | $ 4.7 | |
Period for cost recognition not yet recognized | 2 years 4 months 24 days | |
Fair Value assumptions method used | The fair value of the performance units awarded during the quarter ended March 31, 2023 and 2022, that was based on the TBVPS goal component, was calculated based on the market price of the Corporation’s common stock on the respective date of the grant and assuming attainment of 100% of target opportunity. As of March 31, 2023, there have been no changes on management’s assessment of the probability that the pre-established TBVPS goal will be achieved; as such, no cumulative adjustment to compensation expense has been recognized. The fair value of the performance units awarded during the quarter ended March 31, 2023, that was based on the Relative TSR component, was calculated using a Monte Carlo simulation. Since the Relative TSR component is considered a market condition, the fair value of the portion of the award based on Relative TSR is not revised subsequent to grant date based on actual performance. | |
Minimum [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Vesting right percentage | 50% | |
Maximum [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Vesting right percentage | 150% | 100% |
Executives [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Performance units program description | These awards, which are granted to executives, do not contain non-forfeitable rights to dividend equivalent amounts and can only be settled in shares of the Corporation’s common stock. |
STOCK-BASED COMPENSATION - Pe_2
STOCK-BASED COMPENSATION - Performance Units - Performance Unit Activity (Detail) - Omnibus Plan [Member] - Performance Shares [member] - $ / shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 791,923 | 814,899 |
Granted performance units | 216,876 | 166,669 |
Vested | (474,538) | (189,645) |
Unvested shares of outstanding, end of period | 534,261 | 791,923 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 7.36 | $ 7.06 |
Additions | 12.24 | 13.15 |
Vested | 4.08 | 11.16 |
Weighted-Average Grant Date Fair Value, end of period | $ 12.25 | $ 7.36 |
STOCK-BASED COMPENSATION - Summ
STOCK-BASED COMPENSATION - Summary of Valuation Assumptions (Detail) - Omnibus Plan [Member] - Performance Shares [member] | 3 Months Ended |
Mar. 31, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Risk-free interest rate | 3.98% |
Correlation coefficient | 77.16 |
Expected dividend yield | 0% |
Expected volatility | 41.37% |
Expected life (n years) | 2 years 9 months 14 days |
STOCK-BASED COMPENSATION - Trea
STOCK-BASED COMPENSATION - Treasury Stock - Additional Information (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares Withheld for Tax Withholding Obligation | 287,835 | 201,930 |
Omnibus Plan [Member] | Restricted Stock [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares Withheld for Tax Withholding Obligation | 287,835 | 201,930 |
STOCKHOLDERS' EQUITY - Addition
STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) | 3 Months Ended | ||||||
Apr. 27, 2023 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Apr. 27, 2022 | Dec. 31, 2021 | Apr. 26, 2021 | |
Class Of Stock [Line Items] | |||||||
Dividends declared per common share | $ 0.14 | $ 0.10 | |||||
Preferred Stock Shares Authorized | 50,000,000 | ||||||
Preferred stock, par value | $ 1 | ||||||
Treasury Stock Shares Acquired | 3,865,375 | 3,611,627 | |||||
Treasury Stock Shares | 43,874,418 | 24,962,245 | 40,954,057 | 21,836,611 | |||
Legal surplus reserve rate | 10% | ||||||
Puerto Rico Banking Law Description | The Puerto Rico Banking Law provides that, when the expenditures of a Puerto Rico commercial bank are greater than receipts, the excess of the expenditures over receipts must be charged against the undistributed profits of the bank, and the balance, if any, must be charged against the legal surplus reserve, as a reduction thereof. If the legal surplus reserve is not sufficient to cover such balance in whole or in part, the outstanding amount must be charged against the capital account and the Bank cannot pay dividends until it can replenish the legal surplus reserve to an amount of at least 20% of the original capital contributed. | ||||||
Legal Surplus Amount Additions | $ 0 | ||||||
Legal Surplus Amount | $ 168,484,000 | $ 168,484,000 | |||||
Stock Repurchase Program Authorized Amount 1 | $ 350,000,000 | ||||||
Preferred Stock Shares Outstanding | 0 | ||||||
Stock Issued During Period Shares Treasury Stock Reissued | 970,429 | 489,085 | |||||
Shares Paid For Tax Withholding For Share Based Compensation | 287,835 | 201,930 | |||||
Dividends paid on common stock | $ 25,400,000 | $ 19,900,000 | |||||
New Stock Repurchase Program [Member] | |||||||
Class Of Stock [Line Items] | |||||||
Treasury Stock Shares Acquired | 3,577,540 | ||||||
Common stock repurchased price per share | $ 13.98 | ||||||
Stock Repurchase Program Remaining Authorized Repurchase Amount 1 | $ 75,000,000 | ||||||
Common stock repurchase value | $ 50,000,000 | ||||||
Previous Stock Repurchase Program [Member] | |||||||
Class Of Stock [Line Items] | |||||||
Treasury Stock Shares Acquired | 3,409,697 | ||||||
Common stock repurchased price per share | $ 14.66 | ||||||
Stock Repurchase Program Authorized Amount 1 | $ 300,000,000 | ||||||
Common stock repurchase value | $ 50,000,000 | ||||||
Subsequent Event [Member] | |||||||
Class Of Stock [Line Items] | |||||||
Dividend Payable Date To Be Paid Day Month And Year | Jun. 09, 2023 | ||||||
Dividends Payable Date Of Record Day Month And Year | May 24, 2023 | ||||||
Dividends Payable Date Declared Day Month And Year | Apr. 27, 2023 | ||||||
Subsequent Event [Member] | Common Stock Outstanding [Member] | |||||||
Class Of Stock [Line Items] | |||||||
Dividends declared per common share | $ 0.14 |
STOCKHOLDERS' EQUITY - Common S
STOCKHOLDERS' EQUITY - Common Stock (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Class Of Stock [Line Items] | ||
Common stock outstanding, beginning balances | 182,709,059 | 201,826,505 |
Common stock repurchased | (3,865,375) | (3,611,627) |
Common stock reissued under stock-based compensation plan | 970,429 | 489,085 |
Restricted stock forfeited | (25,415) | (3,092) |
Common stock outstanding, ending balances | 179,788,698 | 198,700,871 |
STOCKHOLDERS' EQUITY - Common_2
STOCKHOLDERS' EQUITY - Common Stock (Parenthetical) (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Class Of Stock [Line Items] | ||
Shares Withheld for Tax Withholding Obligation | 287,835 | 201,930 |
STOCKHOLDERS' EQUITY - Treasury
STOCKHOLDERS' EQUITY - Treasury Shares (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
STOCKHOLDERS' EQUITY [Abstract] | ||
Treasury stock, beginning balances | 40,954,057 | 21,836,611 |
Common stock repurchased | 3,865,375 | 3,611,627 |
Common stock reissued under stock-based compensation plan | (970,429) | (489,085) |
Restricted stock forfeited | 25,415 | 3,092 |
Treasury stock, ending balances | 43,874,418 | 24,962,245 |
STOCKHOLDERS' EQUITY - Treasu_2
STOCKHOLDERS' EQUITY - Treasury Shares (Parenthetical) (Detail) - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
STOCKHOLDERS' EQUITY [Abstract] | ||
Shares Withheld for Tax Withholding Obligation | 287,835 | 201,930 |
ACCUMULATED OTHER COMPREHENSI_3
ACCUMULATED OTHER COMPREHENSIVE LOSS - Change in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | $ (805,972) | $ (87,390) |
Other comprehensive gain (loss) | 87,228 | (331,834) |
Ending balance | (718,744) | (419,224) |
Beginning balance | 1,194 | 3,391 |
Other comprehensive gain (loss) | 0 | 0 |
Ending balance | $ 1,194 | $ 3,391 |
EMPLOYEE BENEFIT PLANS - Compon
EMPLOYEE BENEFIT PLANS - Components of Net Periodic Benefit (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net periodic cost (benefit): | ||
Net periodic benefit (income) loss | $ 70 | $ (384) |
Pension Plan [Member] | ||
Net periodic cost (benefit): | ||
Net periodic benefit (income) loss | 64 | (385) |
Pension Plan [Member] | Other Expenses [Member] | ||
Net periodic cost (benefit): | ||
Interest cost | 950 | 654 |
Expected return on plan assets | (886) | (1,039) |
Postretirement Benefit Plan [Member] | Other Expenses [Member] | ||
Net periodic cost (benefit): | ||
Net periodic benefit (income) loss | $ 6 | $ 1 |
INCOME TAXES - Additional Infor
INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Sep. 01, 2020 | |
Income Tax Contingency [Line Items] | ||||
Maximum corporate tax rate | 37.50% | |||
Income tax expense | $ 31,935 | $ 43,025 | ||
Minimum percentage of bank net taxable income for paying income tax at normal rate | 20% | |||
Estimated annual effective tax rate, including all entities | 31.20% | 32.90% | ||
Santander [Member] | ||||
Income Tax Contingency [Line Items] | ||||
UTBs | $ 1,000 | |||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 200 | |||
U S [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Income tax expense | 2,500 | $ 1,600 | ||
Subsidiaries [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Net deferred tax asset | 154,800 | $ 155,600 | ||
Valuation allowance | 139,100 | $ 149,500 | ||
Parent Company [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Income tax expense | $ 1,078 | $ 1,106 | ||
Domestic Country [Member] | Subsidiaries [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Dividend received deduction | 100% | |||
Domestic Country [Member] | Other taxable domestic corporations [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Dividend received deduction | 85% |
INCOME TAXES- Components of inc
INCOME TAXES- Components of income tax expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Deferred income tax expense: | ||
Total income tax expense | $ 31,935 | $ 43,025 |
INCOME TAXES- Reconciliations o
INCOME TAXES- Reconciliations of Income tax expenses (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract] | ||
Total income tax expense | $ 31,935 | $ 43,025 |
Computed income tax at statutory tax rate % | 37.50% |
FAIR VALUE - Assets and Liabili
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | $ 5,589,256 | $ 5,599,520 |
Residential Mortgage Backed Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 2,896,655 | 2,941,458 |
MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,055,421 | 3,104,591 |
Fair Value, Measurements, Recurring [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 4,926 | 4,861 |
Derivative Assets | 628 | 633 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 645 | 476 |
Fair Value, Measurements, Recurring [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 140,422 | 138,875 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 428,675 | 389,787 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 1,962,535 | 1,963,566 |
Fair Value, Measurements, Recurring [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,055,421 | 3,104,591 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 2,203 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 500 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 4,926 | 4,861 |
Derivative Assets | 0 | 0 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 140,422 | 138,875 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 0 | 0 |
Derivative Assets | 628 | 633 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 645 | 476 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 428,675 | 389,787 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 1,962,535 | 1,963,566 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,050,019 | 3,098,797 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 0 | 0 |
Derivative Assets | 0 | 0 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 5,402 | 5,794 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 2,203 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | $ 0 | $ 500 |
FAIR VALUE - Fair Value of Asse
FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - Available-for-sale Securities [Member] - Fair Value Inputs Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Beginning balance | $ 8,495 | $ 11,084 |
Total gains or (losses) (realized/unrealized): | ||
Included in other comprehensive income (unrealized) | (162) | (287) |
Included in earnings (unrealized) | 9 | 388 |
Principal repayments and amortization | (737) | (538) |
Ending balance | $ 7,605 | $ 10,647 |
FAIR VALUE - Fair Value of As_2
FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Proceeds from principal repayments and maturities of available-for-sale debt securities | $ 113,218 | $ 208,397 |
Other Debt Obligations [Member] | ||
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Proceeds from principal repayments and maturities of available-for-sale debt securities | $ 500 |
FAIR VALUE - Assets and Liabi_2
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | $ 5,589,256 | $ 5,599,520 |
Fair Value, Measurements, Recurring [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 2,203 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | Valuation Technique, Discounted Cash Flow [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 5,402 | 5,794 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 2,203 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico government obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | $ 2,203 | $ 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.016 | 0.015 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.002 | 0.003 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.128 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.190 | 0.193 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.126 | 0.152 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.149 | 0.156 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.128 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.190 | 0.193 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.160 | 0.162 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.092 | 0.118 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.052 | 0.056 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.128 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.190 | 0.193 |
FAIR VALUE - Change in unrealiz
FAIR VALUE - Change in unrealized losses included in earnings (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Available-for-sale Securities [Member] | Fair Value Inputs Level 3 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Net impairment losses on available-for-sale investment securities credit component | $ (9) | $ (388) |
FAIR VALUE - Impairment of Valu
FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Mortgage servicing rights | $ 45,270 | $ 44,710 | |
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | OREO [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 814 | $ 1,432 | |
Included in earnings | (33) | (73) | |
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | Loans Receivable [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 3,486 | 25,951 | |
Included in earnings | $ (60) | $ (3,539) |
FAIR VALUE - Fair Value (Detail
FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Assets: | ||||
Investment securities available for sale | $ 5,589,256 | $ 5,599,520 | ||
Held To Maturity Securities Amortized | 431,395 | 437,537 | ||
Less: allowance for credit losses on held to maturity securities | (7,646) | (8,286) | ||
Investment securities held to maturity, net of ACL | 423,749 | 429,251 | ||
ACL for loans and finance leases | (265,567) | (260,464) | $ (245,447) | $ (269,030) |
Loans held for investment, net of ACL | 11,312,418 | 11,292,361 | ||
Mortgage servicing rights | 28,431 | 29,037 | $ 30,753 | $ 30,986 |
Advances from the FHLB: | ||||
Short-term | 425,000 | 475,000 | ||
Long-term | 500,000 | 200,000 | ||
Other long-term borrowings | 183,762 | 183,762 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 823,601 | 480,505 | ||
Investment securities available for sale | 5,589,256 | 5,599,520 | ||
Held To Maturity Securities Amortized | 431,395 | 437,537 | ||
Less: allowance for credit losses on held to maturity securities | (7,646) | (8,286) | ||
Investment securities held to maturity, net of ACL | 423,749 | 429,251 | ||
Equity Securities | 61,788 | 50,428 | ||
Other investment securities | 4,926 | 4,861 | ||
Loans held for sale | 15,183 | 12,306 | ||
Total gross loans held for investment portfolio | 11,577,985 | 11,552,825 | ||
ACL for loans and finance leases | (265,567) | (260,464) | ||
Loans held for investment, net of ACL | 11,312,418 | 11,292,361 | ||
Mortgage servicing rights | 28,431 | 29,037 | ||
Derivative Assets | 628 | 633 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,051,965 | 16,143,467 | ||
Short-term securities sold under agreements to repurchase (amortized cost) | 172,982 | 75,133 | ||
Advances from the FHLB: | ||||
Short-term | 425,000 | 475,000 | ||
Long-term | 500,000 | 200,000 | ||
Other long-term borrowings | 183,762 | 183,762 | ||
Derivative Liabilities | 645 | 476 | ||
Federal Home Loan Bank Stock | 54,200 | 42,900 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 823,601 | 480,505 | ||
Investment securities available for sale | 5,589,256 | 5,599,520 | ||
Investment securities held to maturity, net of ACL | 419,752 | 427,115 | ||
Equity Securities | 61,788 | 50,428 | ||
Other investment securities | 4,926 | 4,861 | ||
Loans held for sale | 15,214 | 12,306 | ||
Loans held for investment, net of ACL | 11,030,421 | 11,106,809 | ||
Mortgage servicing rights | 45,270 | 44,710 | ||
Derivative Assets | 628 | 633 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,039,550 | 16,139,937 | ||
Short-term securities sold under agreements to repurchase (amortized cost) | 173,936 | 75,230 | ||
Advances from the FHLB: | ||||
Short-term | 426,665 | 474,731 | ||
Long-term | 501,990 | 199,865 | ||
Other long-term borrowings | 187,183 | 187,246 | ||
Derivative Liabilities | 645 | 476 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 823,601 | 480,505 | ||
Investment securities available for sale | 140,422 | 138,875 | ||
Investment securities held to maturity, net of ACL | 0 | 0 | ||
Equity Securities | 0 | 0 | ||
Other investment securities | 4,926 | 4,861 | ||
Loans held for sale | 0 | 0 | ||
Loans held for investment, net of ACL | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative Assets | 0 | 0 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 0 | 0 | ||
Short-term securities sold under agreements to repurchase (amortized cost) | 0 | 0 | ||
Advances from the FHLB: | ||||
Short-term | 0 | 0 | ||
Long-term | 0 | 0 | ||
Other long-term borrowings | 0 | 0 | ||
Derivative Liabilities | 0 | 0 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 2 [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 0 | 0 | ||
Investment securities available for sale | 5,441,229 | 5,452,150 | ||
Investment securities held to maturity, net of ACL | 255,209 | 260,106 | ||
Equity Securities | 61,788 | 50,428 | ||
Other investment securities | 0 | 0 | ||
Loans held for sale | 15,214 | 12,306 | ||
Loans held for investment, net of ACL | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative Assets | 628 | 633 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,039,550 | 16,139,937 | ||
Short-term securities sold under agreements to repurchase (amortized cost) | 173,936 | 75,230 | ||
Advances from the FHLB: | ||||
Short-term | 426,665 | 474,731 | ||
Long-term | 501,990 | 199,865 | ||
Other long-term borrowings | 0 | 0 | ||
Derivative Liabilities | 645 | 476 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 3 [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 0 | 0 | ||
Investment securities available for sale | 7,605 | 8,495 | ||
Investment securities held to maturity, net of ACL | 164,543 | 167,009 | ||
Equity Securities | 0 | 0 | ||
Other investment securities | 0 | 0 | ||
Loans held for sale | 0 | 0 | ||
Loans held for investment, net of ACL | 11,030,421 | 11,106,809 | ||
Mortgage servicing rights | 45,270 | 44,710 | ||
Derivative Assets | 0 | 0 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 0 | 0 | ||
Short-term securities sold under agreements to repurchase (amortized cost) | 0 | 0 | ||
Advances from the FHLB: | ||||
Short-term | 0 | 0 | ||
Long-term | 0 | 0 | ||
Other long-term borrowings | 187,183 | 187,246 | ||
Derivative Liabilities | $ 0 | $ 0 |
REVENUE FROM CONTRACTS WITH C_3
REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Disaggregation Of Revenue [Line Items] | ||
Net interest income | $ 200,885 | $ 185,624 |
Noninterest Income | 32,518 | 32,858 |
Total Revenues | 233,403 | 218,482 |
Other non-interest income | 4,400 | 3,333 |
Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 9,541 | 9,363 |
Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 4,847 | 5,275 |
Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 2,760 | 2,589 |
Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 8,158 | 7,090 |
Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 3,094 | 3,022 |
Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 4,118 | 5,519 |
Mortgage Banking Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | 21,788 | 25,779 |
Noninterest Income | 3,074 | 5,252 |
Total Revenues | 24,862 | 31,031 |
Mortgage Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Mortgage Banking Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Mortgage Banking Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Mortgage Banking Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Mortgage Banking Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 161 | 143 |
Mortgage Banking Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 2,913 | 5,109 |
Consumer Retail Banking Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | 137,744 | 89,546 |
Noninterest Income | 22,034 | 20,463 |
Total Revenues | 159,778 | 110,009 |
Consumer Retail Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 5,486 | 5,539 |
Consumer Retail Banking Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 4,640 | 4,967 |
Consumer Retail Banking Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 2,263 | 1,822 |
Consumer Retail Banking Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 7,638 | 6,671 |
Consumer Retail Banking Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 1,152 | 1,110 |
Consumer Retail Banking Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 855 | 354 |
Commercial And Corporate Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | 14,940 | 40,415 |
Noninterest Income | 4,175 | 4,554 |
Total Revenues | 19,115 | 44,969 |
Commercial And Corporate Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 3,154 | 2,976 |
Commercial And Corporate Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Commercial And Corporate Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 373 |
Commercial And Corporate Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 22 | 16 |
Commercial And Corporate Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 854 | 1,113 |
Commercial And Corporate Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 145 | 76 |
Treasury And Investments Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | (658) | 7,409 |
Noninterest Income | 160 | (112) |
Total Revenues | (498) | 7,297 |
Treasury And Investments Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Treasury And Investments Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Treasury And Investments Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Treasury And Investments Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Treasury And Investments Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 0 | 0 |
Treasury And Investments Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 160 | (112) |
United States Operations Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | 20,930 | 16,482 |
Noninterest Income | 847 | 744 |
Total Revenues | 21,777 | 17,226 |
United States Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 165 | 138 |
United States Operations Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 28 | 29 |
United States Operations Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 29 | 5 |
United States Operations Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 2 | (7) |
United States Operations Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 583 | 499 |
United States Operations Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 40 | 80 |
Virgin Islands Operations Segment [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Net interest income | 6,141 | 5,993 |
Noninterest Income | 2,228 | 1,957 |
Total Revenues | 8,369 | 7,950 |
Virgin Islands Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 736 | 710 |
Virgin Islands Operations Segment [Member] | Insurance commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 179 | 279 |
Virgin Islands Operations Segment [Member] | Merchant-related income [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 468 | 389 |
Virgin Islands Operations Segment [Member] | Credit and debit card fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 496 | 410 |
Virgin Islands Operations Segment [Member] | Other service charges and fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | 344 | 157 |
Virgin Islands Operations Segment [Member] | Not inscope of Topic 606 [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest Income | $ 5 | $ 12 |
REVENUE FROM CONTRACTS WITH C_4
REVENUE FROM CONTRACTS WITH CUSTOMERS - Activity of Contract Liability (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Contract with Customer, Liability [Abstract] | ||
Beginning balance | $ 841 | $ 1,443 |
Revenue recognized | (81) | (289) |
Ending balance | $ 760 | $ 1,154 |
SEGMENT INFORMATION - Additiona
SEGMENT INFORMATION - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2023 numberofreportableunits | |
SEGMENT INFORMATION [Abstract] | |
Number of reportable segments | 6 |
SEGMENT INFORMATION - Informati
SEGMENT INFORMATION - Information about Reportable Segments (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Segment Reporting Information [Line Items] | ||
Interest income | $ 242,396 | $ 197,854 |
Interest expense | (41,511) | (12,230) |
Net interest income | 200,885 | 185,624 |
Provision for credit losses - (benefit) expense | 16,256 | (16,989) |
Non-interest income | 32,518 | 32,858 |
Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 242,396 | 197,854 |
Net (charge) credit for transfer of funds | 0 | 0 |
Interest expense | (41,511) | (12,230) |
Net interest income | 200,885 | 185,624 |
Provision for credit losses - (benefit) expense | 15,502 | (13,802) |
Non-interest income | 32,518 | 32,858 |
Direct non-interest expenses | 72,155 | 71,373 |
Segment income | 145,746 | 160,911 |
Average earnings assets | 17,709,528 | 19,306,990 |
Mortgage Banking Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 21,788 | 25,779 |
Non-interest income | 3,074 | 5,252 |
Mortgage Banking Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 31,907 | 33,071 |
Net (charge) credit for transfer of funds | (10,119) | (7,292) |
Interest expense | 0 | 0 |
Net interest income | 21,788 | 25,779 |
Provision for credit losses - (benefit) expense | (506) | (3,703) |
Non-interest income | 3,074 | 5,252 |
Direct non-interest expenses | 5,087 | 6,906 |
Segment income | 20,281 | 27,828 |
Average earnings assets | 2,171,061 | 2,293,648 |
Consumer Retail Banking Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 137,744 | 89,546 |
Non-interest income | 22,034 | 20,463 |
Consumer Retail Banking Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 83,174 | 70,437 |
Net (charge) credit for transfer of funds | 77,735 | 24,282 |
Interest expense | (23,165) | (5,173) |
Net interest income | 137,744 | 89,546 |
Provision for credit losses - (benefit) expense | 15,224 | 11,144 |
Non-interest income | 22,034 | 20,463 |
Direct non-interest expenses | 41,627 | 39,271 |
Segment income | 102,927 | 59,594 |
Average earnings assets | 3,174,150 | 2,759,482 |
Commercial And Corporate Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 14,940 | 40,415 |
Non-interest income | 4,175 | 4,554 |
Commercial And Corporate Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 62,343 | 47,027 |
Net (charge) credit for transfer of funds | (47,403) | (6,612) |
Interest expense | 0 | 0 |
Net interest income | 14,940 | 40,415 |
Provision for credit losses - (benefit) expense | (2,536) | (16,622) |
Non-interest income | 4,175 | 4,554 |
Direct non-interest expenses | 9,365 | 8,859 |
Segment income | 12,286 | 52,732 |
Average earnings assets | 3,713,633 | 3,664,104 |
Treasury And Investments Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | (658) | 7,409 |
Non-interest income | 160 | (112) |
Treasury And Investments Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 27,466 | 22,184 |
Net (charge) credit for transfer of funds | (19,539) | (9,949) |
Interest expense | (8,585) | (4,826) |
Net interest income | (658) | 7,409 |
Provision for credit losses - (benefit) expense | (9) | (388) |
Non-interest income | 160 | (112) |
Direct non-interest expenses | 947 | 885 |
Segment income | (1,436) | 6,800 |
Average earnings assets | 6,216,498 | 8,145,949 |
United States Operations Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 20,930 | 16,482 |
Non-interest income | 847 | 744 |
United States Operations Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 31,114 | 18,857 |
Net (charge) credit for transfer of funds | (674) | (429) |
Interest expense | (9,510) | (1,946) |
Net interest income | 20,930 | 16,482 |
Provision for credit losses - (benefit) expense | 4,655 | (3,547) |
Non-interest income | 847 | 744 |
Direct non-interest expenses | 8,304 | 8,479 |
Segment income | 8,818 | 12,294 |
Average earnings assets | 2,067,848 | 2,065,638 |
Virgin Islands Operations Segment [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 6,141 | 5,993 |
Non-interest income | 2,228 | 1,957 |
Virgin Islands Operations Segment [Member] | Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Interest income | 6,392 | 6,278 |
Net (charge) credit for transfer of funds | 0 | 0 |
Interest expense | (251) | (285) |
Net interest income | 6,141 | 5,993 |
Provision for credit losses - (benefit) expense | (1,326) | (686) |
Non-interest income | 2,228 | 1,957 |
Direct non-interest expenses | 6,825 | 6,973 |
Segment income | 2,870 | 1,663 |
Average earnings assets | $ 366,338 | $ 378,169 |
SEGMENT INFORMATION - Reconcili
SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net Income (Loss): | ||
Income before income taxes | $ 102,633 | $ 125,625 |
Income tax expense | 31,935 | 43,025 |
Net income | 70,698 | 82,600 |
Segment Reconciling Items [Member] | ||
Net Income (Loss): | ||
Segment income | 145,746 | 160,911 |
Other operating expenses | 43,113 | 35,286 |
Income before income taxes | 102,633 | 125,625 |
Income tax expense | 31,935 | 43,025 |
Net income | 70,698 | 82,600 |
Average assets: | ||
Total average earning assets for segments | 17,709,528 | 19,306,990 |
Average non-earning assets | 847,628 | 947,011 |
Total consolidated average assets | $ 18,557,156 | $ 20,254,001 |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash paid for: | ||
Interest on borrowings | $ 37,798 | $ 13,300 |
Income tax | 10,926 | 2,598 |
Operating cash flow from operating leases | 4,316 | 4,751 |
Non-cash investing and financing activities: | ||
Additions to OREO | 6,414 | 6,770 |
Additions to auto and other repossessed assets | 15,356 | 10,772 |
Capitalization of servicing assets | 532 | 1,130 |
Loan securitizations | 28,736 | 40,823 |
Loans held for investment transferred to held for sale | 2,345 | 1,176 |
Payable related to unsettled purchase of available-for-sale investment securities | 0 | 15,000 |
ROU asset obtained in exchange for operating lease liabilities | $ 1,630 | $ 2,791 |
REGULATORY MATTERS, COMMITMEN_3
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2023 | Dec. 31, 2022 | Jan. 01, 2020 | |
Commercial And Financial Standby Letters Of Credit [Member] | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Commitments to extend credit | $ 93.6 | ||
Commitments To Extend Credit [Member] | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Commitments to extend credit | 2,000 | ||
Commitments To Extend Credit [Member] | Credit Card [Member] | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Commitments to extend credit | 900 | ||
ASU 2016-13 | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Percentage Of Increase In ACL Adjusted In Capital Measures | 25% | 25% | |
CECL, amount excluded to be phased-on during after two years | $ 32.4 | ||
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member] | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption 1 | $ (32.4) | ||
Basel III [Member] | |||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||
Capital Conservation Buffer | 2.50% |
REGULATORY MATTERS, COMMITMEN_4
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES - Regulatory capital positions (Detail) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
First BanCorp [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,366,591 | $ 2,385,866 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 19.02 | 19.21 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 995,597 | $ 993,405 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,032,369 | $ 2,052,333 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 16.33 | 16.53 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 560,023 | $ 558,790 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 4.5 | 4.5 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,032,369 | $ 2,052,333 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 16.33 | 16.53 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 746,697 | $ 745,054 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Leverage Ratio Actual Amount | $ 2,032,369 | $ 2,052,333 |
Leverage Ratio Actual Ratio | 10.57 | 10.70 |
Leverage Ratio Required For Capital Adequacy | $ 769,399 | $ 767,075 |
Leverage Ratio Required For Capital Adequacy Ratio | 4 | 4 |
FirstBank [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,327,600 | $ 2,346,093 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 18.71 | 18.90 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 995,452 | $ 993,264 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 1,244,315 | $ 1,241,580 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 10 | 10 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,071,650 | $ 2,090,832 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 16.65 | 16.84 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 559,942 | $ 558,711 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 4.5 | 4.5 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 808,805 | $ 807,027 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 6.5 | 6.5 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,171,650 | $ 2,190,832 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 17.45 | 17.65 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 746,589 | $ 744,948 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 995,452 | $ 993,264 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 8 | 8 |
Leverage Ratio Actual Amount | $ 2,171,650 | $ 2,190,832 |
Leverage Ratio Actual Ratio | 11.29 | 11.43 |
Leverage Ratio Required For Capital Adequacy | $ 769,102 | $ 766,714 |
Leverage Ratio Required For Capital Adequacy Ratio | 4 | 4 |
Leverage Ratio Required To Be Well Capitalized | $ 961,378 | $ 958,392 |
Leverage Ratio Required To Be Well Capitalized Ratio | 5 | 5 |
FIRST BANCORP. (Holding Compa_3
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
ASSETS | |||
Cash and due from banks | $ 822,542 | $ 478,480 | $ 1,694,066 |
Other assets | 299,446 | 305,633 | |
Total assets | 18,977,114 | 18,634,484 | |
Liabilities: | |||
Long-term borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 237,812 | 231,582 | |
Liabilities | 17,571,521 | 17,308,944 | |
Stockholders Equity | 1,405,593 | 1,325,540 | $ 1,781,102 |
Total liabilities and stockholders' equity | 18,977,114 | 18,634,484 | |
Holding Company [Member] | |||
ASSETS | |||
Cash and due from banks | 13,981 | 19,279 | |
Other investment securities | 735 | 735 | |
Dividends receivable | 637 | 624 | |
Other assets | 426 | 430 | |
Total assets | 1,598,539 | 1,519,376 | |
Liabilities: | |||
Long-term borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 9,184 | 10,074 | |
Liabilities | 192,946 | 193,836 | |
Stockholders Equity | 1,405,593 | 1,325,540 | |
Total liabilities and stockholders' equity | 1,598,539 | 1,519,376 | |
Holding Company [Member] | Firstbank Puerto Rico [Member] | |||
ASSETS | |||
Equity Method Investments | 1,544,874 | 1,464,026 | |
Holding Company [Member] | FirstBank Insurance Agency | |||
ASSETS | |||
Equity Method Investments | 32,374 | 28,770 | |
Holding Company [Member] | FBP Statutory Trust I [Member] | |||
ASSETS | |||
Equity Method Investments | 1,951 | 1,951 | |
Holding Company [Member] | FBP Statutory Trust II [Member] | |||
ASSETS | |||
Equity Method Investments | $ 3,561 | $ 3,561 |
FIRST BANCORP. (Holding Compa_4
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Income: | ||
Interest income on money market investments | $ 27,110 | $ 23,247 |
Expense: | ||
Income tax expense | 31,935 | 43,025 |
Net income | 70,698 | 82,600 |
Other comprehensive (loss) income, net of tax | 87,228 | (331,834) |
Comprehensive income (loss) | 157,926 | (249,234) |
Holding Company [Member] | ||
Income: | ||
Interest income on money market investments | 53 | 4 |
Dividend income | 78,870 | 63,593 |
Other income | 102 | 40 |
Total income | 79,025 | 63,637 |
Expense: | ||
Other borrowings | 3,381 | 1,333 |
Other operating expenses | 410 | 439 |
Total expenses | 3,791 | 1,772 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 75,234 | 61,865 |
Income tax expense | 1,078 | 1,106 |
Equity in undistributed earnings of subsidiaries (distributions in excess of earnigs) | (3,458) | 21,841 |
Net income | 70,698 | 82,600 |
Other comprehensive (loss) income, net of tax | 87,228 | (331,834) |
Comprehensive income (loss) | $ 157,926 | $ (249,234) |