Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Nov. 01, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 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 | Q3 | |
Entity Common Stock Shares Outstanding | 172,552,186 | |
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 | Sep. 30, 2023 | Dec. 31, 2022 |
ASSETS | ||
Cash and due from banks | $ 583,913 | $ 478,480 |
Money market investments: | ||
Time deposits with other financial institutions | 300 | 300 |
Other short-term investments | 700 | 1,725 |
Total money market investments | 1,000 | 2,025 |
Available-for-sale debt securities, at fair value: | ||
Securities pledged with creditors' rights to repledge | 0 | 81,103 |
Other available-for-sale debt securities | 5,175,803 | 5,518,417 |
Total available-for-sale debt securities, at fair value (amortized cost of $6,021,072 as of September 30, 2023, and $6,398,197 as of December 31, 2022; ACL of $465 as of September 30, 2023 and $458 as of December 31, 2022) | 5,175,803 | 5,599,520 |
Held-to-maturity debt securities, at amortized cost, net of ACL of $2,250 as of September 30, 2023 and $8,286 as of December 31, 2022 (fair value of $342,851 as of September 30, 2023 and $427,115 as of December 31, 2022) | 356,919 | 429,251 |
Equity securities | 48,683 | 55,289 |
Total investment securities | 5,581,405 | 6,084,060 |
Loans, net of ACL of $263,615 as of September 30, 2023 and $260,464 as of December 31, 2022 | 11,687,317 | 11,292,361 |
Mortgage loans held for sale, at lower of cost or market | 8,961 | 12,306 |
Total loans, net | 11,696,278 | 11,304,667 |
Interest receivable | 68,783 | 69,730 |
Premises and equipment, net | 144,611 | 142,935 |
Other real estate owned ("OREO") | 28,563 | 31,641 |
Deferred tax asset, net | 150,805 | 155,584 |
Goodwill | 38,611 | 38,611 |
Other intangible assets | 15,229 | 21,118 |
Other assets | 285,410 | 305,633 |
Total assets | 18,594,608 | 18,634,484 |
LIABILITIES | ||
Non-interest-bearing deposits | 5,440,247 | 6,112,884 |
Interest-bearing deposits | 10,994,990 | 10,030,583 |
Total deposits | 16,435,237 | 16,143,467 |
Short-term securities sold under agreements to repurchase | 0 | 75,133 |
Advances from the FHLB: | ||
Short-term | 0 | 475,000 |
Long-term | 500,000 | 200,000 |
Total advances from the FHLB | 500,000 | 675,000 |
Other long-term borrowings | 161,700 | 183,762 |
Accounts payable and other liabilities | 194,603 | 231,582 |
Total liabilities | 17,291,540 | 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; 174,386,326 shares outstanding as of September 30, 2023 and 182,709,059 as of December 31, 2022 | 22,366 | 22,366 |
Additional paid-in capital | 963,791 | 970,722 |
Retained earnings, includes legal surplus reserve of $168,484 | 1,790,652 | 1,644,209 |
Treasury stock (at cost), 49,276,790 shares as of September 30, 2023 and 40,954,057 shares as of December 31, 2022 | (622,378) | (506,979) |
Accumulated other comprehensive loss, net of tax of $8,468 as of each September 30, 2023 and December 31, 2022 | (851,363) | (804,778) |
Total stockholders' equity | 1,303,068 | 1,325,540 |
Total liabilities and stockholders' equity | $ 18,594,608 | $ 18,634,484 |
CONSOLIDATED STATEMENTS OF FI_2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Condensed Statement Of Financial Condition [Abstract] | ||
Amortized cost | $ 6,021,072 | $ 6,398,197 |
Available-for-sale, allowance for credit losses | 465 | 458 |
Held to Maturity Fair value | 342,851 | 427,115 |
Allowance for credit losses, Held-to-Maturity securities | 2,250 | 8,286 |
Allowance for credit losses on loans and finance leases | $ 263,615 | $ 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 | 174,386,326 | 182,709,059 |
Legal Surplus Amount | $ 168,484 | $ 168,484 |
Treasury Stock Shares | 49,276,790 | 40,954,057 |
Income tax expense | $ 8,468 | $ 8,468 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Interest and dividend income: | ||||
Loans | $ 227,930 | $ 191,740 | $ 656,632 | $ 544,788 |
Investment securities | 24,519 | 26,289 | 77,887 | 76,027 |
Money market investments and interest-bearing cash accounts | 10,956 | 4,654 | 23,486 | 8,347 |
Total interest and dividend income | 263,405 | 222,683 | 758,005 | 629,162 |
Interest expense: | ||||
Deposits | 54,298 | 9,978 | 125,787 | 25,324 |
Advances from the FHLB: | ||||
Short-term advances from the FHLB | 0 | 0 | 4,776 | 0 |
Long-term advances from FHLB | 5,675 | 529 | 14,123 | 2,667 |
Other long-term borrowings | 3,345 | 2,273 | 10,135 | 5,304 |
Total interest expense | 63,677 | 14,773 | 157,577 | 39,442 |
Net interest income | 199,728 | 207,910 | 600,428 | 589,720 |
Provision for credit losses - expense (benefit): | ||||
Loans and finance leases | 10,643 | 14,352 | 47,669 | 10,028 |
Unfunded loan commitments | (128) | 2,071 | 488 | 2,705 |
Debt securities | (6,119) | (640) | (6,029) | (749) |
Provision for credit losses - expense | 4,396 | 15,783 | 42,128 | 11,984 |
Net interest income after provision for credit losses | 195,332 | 192,127 | 558,300 | 577,736 |
Non-interest income: | ||||
Service charges and fees on deposit accounts | 9,552 | 9,820 | 28,380 | 28,649 |
Mortgage banking activities | 2,821 | 3,400 | 8,493 | 12,688 |
Gain on early extinguishment of debt | 0 | 0 | 1,605 | 0 |
Insurance commission income | 2,790 | 2,624 | 10,384 | 10,845 |
Card and processing income | 10,841 | 9,834 | 32,894 | 29,815 |
Other non-interest income | 4,292 | 4,015 | 17,329 | 11,495 |
Total non-interest income | 30,296 | 29,693 | 99,085 | 93,492 |
Non-interest expenses: | ||||
Employees' compensation and benefits | 56,535 | 52,939 | 167,271 | 153,797 |
Occupancy and equipment | 21,781 | 22,543 | 64,064 | 66,434 |
Business promotion | 4,759 | 5,136 | 12,901 | 12,641 |
Professional service fees | 11,022 | 12,549 | 34,591 | 35,179 |
Taxes, other than income taxes | 5,465 | 5,349 | 15,701 | 15,056 |
FDIC deposit insurance | 2,143 | 1,466 | 6,419 | 4,605 |
Net gain on OREO operations | (2,153) | (1,064) | (6,133) | (3,269) |
Credit and debit card processing expenses | 6,779 | 6,410 | 18,637 | 16,374 |
Communications | 2,219 | 2,272 | 6,427 | 6,401 |
Other non-interest expenses | 8,088 | 7,589 | 24,945 | 22,956 |
Total non-interest expenses | 116,638 | 115,189 | 344,823 | 330,174 |
Income before income taxes | 108,990 | 106,631 | 312,562 | 341,054 |
Income tax expense | 26,968 | 32,028 | 89,187 | 109,156 |
Net income | 82,022 | 74,603 | 223,375 | 231,898 |
Net income attributable to common stockholders | $ 82,022 | $ 74,603 | $ 223,375 | $ 231,898 |
Net income per common share: | ||||
Basic | $ 0.47 | $ 0.40 | $ 1.25 | $ 1.20 |
Diluted | $ 0.46 | $ 0.40 | $ 1.25 | $ 1.19 |
Short-term Debt [Member] | ||||
Interest expense: | ||||
Securities sold under agreements to repurchase | $ 359 | $ 0 | $ 2,756 | $ 0 |
Long-term Debt [Member] | ||||
Interest expense: | ||||
Securities sold under agreements to repurchase | $ 0 | $ 1,993 | $ 0 | $ 6,147 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | ||
Net income | $ 82,022 | $ 74,603 | $ 223,375 | $ 231,898 | |
Available-for-sale debt securities: | |||||
Net unrealized holding losses on debt securities | [1] | (78,976) | (270,937) | (46,585) | (778,694) |
Other comprehensive loss for the period | (78,976) | (270,937) | (46,585) | (778,694) | |
Total comprehensive income (loss) | $ 3,046 | $ (196,334) | $ 176,790 | $ (546,796) | |
[1] Net unrealized holding losses on available-for-sale debt securities have no tax effect because securities are either tax-exempt, held by an International Banking Entity (“IBE”), or have a full deferred tax asset valuation allowance. |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash flows from operating activities: | ||
Net income | $ 223,375 | $ 231,898 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 15,274 | 16,810 |
Amortization of intangible assets | 5,889 | 6,689 |
Provision for credit losses | 42,128 | 11,984 |
Deferred income tax expense | 5,539 | 42,382 |
Stock-based compensation | 5,898 | 3,994 |
Gain on early extinguishment of debt | (1,605) | 0 |
Unrealized gain on derivative instruments | (464) | (1,502) |
Net gain on disposals or sales, and impairments of premises and equipment and other assets | (235) | (897) |
Net gain on sales of loans and loans held-for-sale valuation adjustments | (1,422) | (4,827) |
Net amortization of discounts, premiums, and deferred loan fees and costs | 839 | (7,532) |
Originations and purchases of loans held for sale | (125,886) | (184,544) |
Sales and repayments of loans held for sale | 126,800 | 204,182 |
Amortization of broker placement fees | 216 | 89 |
Net amortization of premiums and discounts on investment securities | 3,836 | 2,648 |
Decrease in accrued interest receivable | 3,545 | 85 |
Increase (decrease) in accrued interest payable | 13,729 | (1,467) |
(Increase) decrease in other assets | 6,077 | 663 |
(Decrease) increase in other liabilities | (39,810) | 14,097 |
Net cash provided by operating activities | 283,723 | 334,752 |
Cash flows from investing activities: | ||
Net disbursements on loans held for investment | (485,198) | (308,386) |
Proceeds from sales of loans held for investment | 6,663 | 39,069 |
Proceeds from sales of repossessed assets | 40,384 | 31,638 |
Purchases of available-for-sale securities | (5,458) | (512,327) |
Proceeds from principal repayments and maturities of available-for-sale debt securities | 393,958 | 515,602 |
Purchases of held-to-maturity debt securities | 0 | (289,784) |
Proceeds from principal repayments and maturities of held-to-maturity debt securities | 79,889 | 23,320 |
Additions to premises and equipment | (19,938) | (15,442) |
Proceeds from sales of premises and equipment and other assets | 578 | 1,138 |
Net redemptions of other investments securities | 6,520 | 6,988 |
Proceeds from the settlement of insurance claims - investing activities | 133 | 0 |
Net cash provided by (used in) investing activities | 17,531 | (508,184) |
Cash flows from financing activities: | ||
Net increase (decrease) in deposits | 275,825 | (1,221,614) |
Net repayments of short-term borrowings | (550,133) | 0 |
Repayments of long-term borrowings | (19,795) | (300,000) |
Proceeds from long-term borrowings | 300,000 | 0 |
Repurchase of outstanding common stock | (126,918) | (227,256) |
Dividends paid on common stock | (75,825) | (65,766) |
Net cash used in financing activities | (196,846) | (1,814,636) |
Net increase (decrease) in cash and cash equivalents | 104,408 | (1,988,068) |
Cash and cash equivalents at beginning of year | 480,505 | 2,543,058 |
Cash and cash equivalents at end of period | 584,913 | 554,990 |
Cash and cash equivalents include: | ||
Cash and due from banks | 583,913 | 552,933 |
Money market investments | 1,000 | 2,057 |
Cash and Cash Equivalents, at Carrying Value, Total | $ 584,913 | $ 554,990 |
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, net of tax [Member] |
Balance at beginning of period at Dec. 31, 2021 | $ 972,547 | $ 1,427,295 | $ (236,442) | $ (83,999) | |||
Balance at beginning of period (ASU 2022-02) at Dec. 31, 2021 | $ 0 | ||||||
Common stock repurchases (See Note 17) | (227,723) | ||||||
Common stock issued stock-based compensation plan | 7,304 | 7,304 | |||||
Stock-based compensation | 3,994 | ||||||
Restricted stock forfeited | 133 | ||||||
Restricted stock forfeited | (133) | ||||||
Net income | $ 231,898 | 231,898 | |||||
Dividends on common stock ($0.14 per share and $0.12 per share for the quarters ended September 30, 2023 and 2022, respectively; $0.42 per share and $0.34 per share for the nine-month periods ended September 30, 2023 and 2022, respectively) | (65,909) | ||||||
Other comprehensive loss | (778,694) | (778,694) | |||||
Balance at end of period at Sep. 30, 2022 | 1,265,333 | $ 22,366 | 969,370 | 1,593,284 | (456,994) | (862,693) | |
Balance at beginning of period at Jun. 30, 2022 | 968,217 | 1,541,334 | (382,245) | (591,756) | |||
Balance at beginning of period (ASU 2022-02) at Jun. 30, 2022 | 0 | ||||||
Common stock repurchases (See Note 17) | (75,010) | ||||||
Common stock issued stock-based compensation plan | 302 | 302 | |||||
Stock-based compensation | 1,414 | ||||||
Restricted stock forfeited | 41 | ||||||
Restricted stock forfeited | (41) | ||||||
Net income | 74,603 | 74,603 | |||||
Dividends on common stock ($0.14 per share and $0.12 per share for the quarters ended September 30, 2023 and 2022, respectively; $0.42 per share and $0.34 per share for the nine-month periods ended September 30, 2023 and 2022, respectively) | (22,653) | ||||||
Other comprehensive loss | (270,937) | (270,937) | |||||
Balance at end of period at Sep. 30, 2022 | 1,265,333 | 22,366 | 969,370 | 1,593,284 | (456,994) | (862,693) | |
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) | (128,228) | ||||||
Common stock issued stock-based compensation plan | 13,490 | 13,490 | |||||
Stock-based compensation | 5,898 | ||||||
Restricted stock forfeited | 661 | ||||||
Restricted stock forfeited | (661) | ||||||
Net income | 223,375 | 223,375 | |||||
Dividends on common stock ($0.14 per share and $0.12 per share for the quarters ended September 30, 2023 and 2022, respectively; $0.42 per share and $0.34 per share for the nine-month periods ended September 30, 2023 and 2022, respectively) | (75,575) | ||||||
Other comprehensive loss | (46,585) | (46,585) | |||||
Balance at end of period at Sep. 30, 2023 | 1,303,068 | 22,366 | 963,791 | 1,790,652 | (622,378) | (851,363) | |
Balance at beginning of period at Jun. 30, 2023 | 962,229 | 1,733,497 | (547,706) | (772,387) | |||
Balance at beginning of period (ASU 2022-02) at Jun. 30, 2023 | $ 0 | ||||||
Common stock repurchases (See Note 17) | (75,011) | ||||||
Common stock issued stock-based compensation plan | 351 | 351 | |||||
Stock-based compensation | 1,901 | ||||||
Restricted stock forfeited | 12 | ||||||
Restricted stock forfeited | (12) | ||||||
Net income | 82,022 | 82,022 | |||||
Dividends on common stock ($0.14 per share and $0.12 per share for the quarters ended September 30, 2023 and 2022, respectively; $0.42 per share and $0.34 per share for the nine-month periods ended September 30, 2023 and 2022, respectively) | (24,867) | ||||||
Other comprehensive loss | (78,976) | (78,976) | |||||
Balance at end of period at Sep. 30, 2023 | $ 1,303,068 | $ 22,366 | $ 963,791 | $ 1,790,652 | $ (622,378) | $ (851,363) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract] | ||||
Common Stock Dividends Per Share Declared | $ 0.14 | $ 0.12 | $ 0.42 | $ 0.34 |
BASIS OF PRESENTATION AND SIGNI
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2023 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 – BASIS The Consolidated consolidated financial stated consolidated financial report. accepted accounting principles in the United States of America to consolidated financial statements, which are included in the 2022 Annual Report on Form 10-K. All adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, of operations and cash flows eliminated in consolidation. The Corporation evaluates subsequent events through The results of operations for the quarter and nine-month period ended September 30, 2023 are not necessarily indicative of the results to be expected Adoption of New Accounting Requirements ASU 2022-02, Effective requirements financial difficulty regardless of to require disclosure of gross charge-offs by year of origination. Prior to adoption, modifications given to borrowers experiencing financial difficulty experiencing financial difficulty for principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, a term extension, or any combination of these types of loan modifications in the current period need to and difficulties. The experiencing financial difficulties for all within characteristics of 2.1 earnings of approximately $ 1.3 given to borrowers experiencing financial difficulty those made to loans held-for-sale and leases are The Corporation was not impacted by the adoption ● ASU 2022-01, “Derivatives and Hedging ● ASU 2021-08, “Business With Customers” Recently Issued Accounting Standards Not Yet The Corporation does not expect to be impacted by the following ASUs adopted: ● ASU Simplification Initiative” ● ASU 2023-05, “Business Combinations – Joint Venture ● ASU Structures Using the Proportional Amortization Method” ● ASU 2023-01, “Leases (Topic For Significant Accounting Policies, to the audited consolidated financial |
DEBT SECURITIES
DEBT SECURITIES | 9 Months Ended |
Sep. 30, 2023 | |
DEBT SECURITIES [Abstract] | |
DEBT SECURITIES | NOTE 2 – DEBT SECURITIES Available-for-Sale The amortized debt securities by contractual maturities as of September 30, 2023 were September 30, 2023 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 47,585 $ - $ 1,313 $ - $ 46,272 0.54 100,671 - 6,220 - 94,451 0.74 U.S. government-sponsored entities (“GSEs”) obligations: 271,134 - 7,334 - 263,800 0.73 2,225,242 55 201,084 - 2,024,213 0.84 10,097 - 1,158 - 8,939 2.95 10,621 18 1 - 10,638 5.65 Puerto Rico government obligations: (3) 3,204 - 1,374 382 1,448 - United States and Puerto Rico government obligations 2,668,554 73 218,484 382 2,449,761 0.84 Mortgage-backed securities (“MBS”): 21,356 - 1,205 - 20,151 2.06 160,407 - 18,393 - 142,014 1.55 1,013,862 - 211,720 - 802,142 1.40 1,195,625 - 231,318 - 964,307 1.43 19,559 - 1,207 - 18,352 1.27 28,587 - 3,127 - 25,460 1.59 212,835 - 33,476 - 179,359 2.58 260,981 - 37,810 - 223,171 2.38 35,343 - 1,992 - 33,351 2.11 307,379 - 35,138 - 272,241 1.70 1,072,667 - 207,428 - 865,239 1.36 1,415,389 - 244,558 - 1,170,831 1.45 280,056 - 62,888 - 217,168 1.54 7,311 - 2,310 83 4,918 7.73 Total Residential MBS 3,159,362 - 578,884 83 2,580,395 1.54 44,111 - 8,631 - 35,480 2.18 25,522 - 4,067 - 21,455 2.13 123,523 - 34,811 - 88,712 1.36 Total Commercial MBS 193,156 - 47,509 - 145,647 1.65 Total MBS 3,352,518 - 626,393 83 2,726,042 1.55 Total available-for-sale debt securities $ 6,021,072 $ 73 $ 844,877 $ 465 $ 5,175,803 1.24 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 521.3 587.0 2.8 3.2 uninsured portion of government deposits. The secured parties are not permitted to sell or repledge the collateral. (3) 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: (3) 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 CMOs issued or guaranteed by the FHLMC, FNMA, 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) Includes $ 250.6 286.5 2.4 2.8 uninsured portion of government deposits. The secured parties are not permitted to sell or repledge the collateral. (3) 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 September 30, 2023 and December 31, 2022. The tables also include debt As of September 30, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 3,204 $ 5 $ 2,430,083 $ 217,105 $ 2,433,287 $ 217,110 - - 1,448 1,374 (1) 1,448 1,374 12 1 964,295 231,317 964,307 231,318 22,811 1,220 200,360 36,590 223,171 37,810 9,195 191 1,161,636 244,367 1,170,831 244,558 - - 217,168 62,888 217,168 62,888 - - 4,918 2,310 (1) 4,918 2,310 11,509 202 134,138 47,307 145,647 47,509 $ 46,731 $ 1,619 $ 5,114,046 $ 843,258 $ 5,160,777 $ 844,877 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 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) $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 - - 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 these securities, given is attributable to the intent to sell these U.S. government these related. The Corporation’s securities, for which credit losses are evaluated on a quarterly basis. Private label MBS party moderate 80 %), as variable, tied 0.26161 % and the private instruments. things, historical such as were discounted used in the valuation of the private label MBS as of September 30, 2023 and December For the residential second considered the structure and a spread as of other variables, such as not the the outstanding factors, fiscal health of the PRHFA 2023 and 2022 of the ACL on available-for-sale debt Quarter Ended September 30, 2023 2022 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 350 $ 433 $ 290 $ 386 $ 676 Provision for credit losses - expense (benefit) - 32 32 - (12) (12) $ 83 $ 382 $ 465 $ 290 $ 374 $ 664 Nine-Month Period Ended September 30, 2023 2022 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 375 $ 458 $ 797 $ 308 $ 1,105 Provision for credit losses - expense (benefit) - 7 7 (501) 66 (435) Net charge-offs - - - (6) - (6) $ 83 $ 382 $ 465 $ 290 $ 374 $ 664 Held-to-Maturity Debt Securities The maturities of held-to-maturity debt securities as of September 30, 2023 : September 30, 2023 Amortized cost (1) (2) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: Due within one year $ 3,159 $ 15 $ 23 $ 3,151 $ 46 9.30 After 1 to 5 years 51,133 1,052 1,111 51,074 1,320 7.71 After 5 to 10 years 35,831 3,540 271 39,100 605 7.05 After 10 years 16,595 212 - 16,807 279 8.75 Total Puerto Rico municipal bonds 106,718 4,819 1,405 110,132 2,250 7.70 MBS: FHLMC certificates: After 5 to 10 years 17,580 - 1,131 16,449 - 3.03 After 10 years 18,740 - 1,689 17,051 - 4.34 36,320 - 2,820 33,500 - 3.70 GNMA certificates: After 10 years 16,786 - 1,414 15,372 - 3.35 FNMA certificates: After 10 years 68,388 - 5,902 62,486 - 4.17 CMOs issued or guaranteed by After 10 years 29,156 - 1,898 27,258 - 3.49 Total Residential MBS 150,650 - 12,034 138,616 - 3.84 After 1 to 5 years 9,489 - 516 8,973 - 3.48 After 10 years 92,312 - 7,182 85,130 - 3.15 Total Commercial MBS 101,801 - 7,698 94,103 - 3.18 Total MBS 252,451 - 19,732 232,719 - 3.57 Total held-to-maturity debt securities $ 359,169 $ 4,819 $ 21,137 $ 342,851 $ 2,250 4.80 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 2.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 179.9 174.9 December 31, 2022 Amortized cost (1) (2) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: Due within one year $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 After 1 to 5 years 42,530 886 1,076 42,340 656 6.34 After 5 to 10 years 55,956 3,182 360 58,778 3,243 6.29 After 10 years 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 issued or guaranteed by 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 excluded from the estimate of credit losses. (2) Includes $ 190.1 189.4 The aggregated September 30, 2023 and December 31, 2022, including debt securities for As of September 30, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 34,244 $ 1,405 $ 34,244 $ 1,405 - - 33,500 2,820 33,500 2,820 - - 15,372 1,414 15,372 1,414 - - 62,486 5,902 62,486 5,902 - - 27,258 1,898 27,258 1,898 - - 94,103 7,698 94,103 7,698 Total held-to-maturity debt securities $ - $ - $ 266,963 $ 21,137 $ 266,963 $ 21,137 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) $ - $ - $ 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 and rated by major rating agencies determines remaining expected consolidated financial statements included in the 2022 Annual Report on The Corporation scheduled contractual payments as of under the terms of the agreement. The ACL of Puerto Rico municipal bonds decreased to $ 2.3 8.3 million as of December 31, 2022, mostly driven by the refinancing 46.5 loan structure and, to a lesser extent, received during the third quarter of 2023. nine-month periods ended September 30, 2023 and 2022: Puerto Rico Municipal Bonds Quarter Ended September 30, 2023 2022 (In thousands) Beginning Balance $ 8,401 $ 8,885 Provision for credit losses - benefit (6,151) (628) ACL on held-to-maturity debt securities $ 2,250 $ 8,257 Puerto Rico Municipal Bonds Nine-Month Period Ended September 30, 2023 2022 (In thousands) Beginning Balance $ 8,286 $ 8,571 Provision for credit losses - benefit (6,036) (314) ACL on held-to-maturity debt securities $ 2,250 $ 8,257 During the municipalities effects situation, or measures included fiscal situation of the Puerto to required. considered condition. As of September 30, 2023 and December 31, 2022, the classified as cash and cash equivalents. Credit Quality Indicators: The municipalities Rico municipal bonds are accounted loans. Accordingly, which are Special have an the criteria credit-risk ratings, on Form 10-K. 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 September 30, 2023 and December 31, 2022, Pass. |
LOANS HELD FOR INVESTMENT
LOANS HELD FOR INVESTMENT | 9 Months Ended |
Sep. 30, 2023 | |
LOANS HELD FOR INVESTMENT [Abstract] | |
LOANS HELD FOR INVESTMENT | NOTE 3 – LOANS HELD FOR INVESTMENT The geographic locations As of September 30, As of December 31, 2023 2022 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,353,679 $ 2,417,900 Construction loans 102,327 34,772 Commercial mortgage loans 1,780,008 1,834,204 Commercial and Industrial ("C&I") loans 2,088,274 1,860,109 Consumer loans 3,582,001 3,317,489 Loans held for investment $ 9,906,289 $ 9,464,474 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 458,952 $ 429,390 Construction loans 100,447 98,181 Commercial mortgage loans 536,105 524,647 C&I loans 942,680 1,026,154 Consumer loans 6,459 9,979 Loans held for investment $ 2,044,643 $ 2,088,351 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,812,631 $ 2,847,290 Construction loans 202,774 132,953 Commercial mortgage loans 2,316,113 2,358,851 C&I loans (1) 3,030,954 2,886,263 Consumer loans 3,588,460 3,327,468 Loans held for investment (2) 11,950,932 11,552,825 ACL on loans and finance leases (263,615) (260,464) Loans held for investment, net $ 11,687,317 $ 11,292,361 (1) As of September 30, 2023 and December 31, 2022, includes 807.6 838.5 and for which the primary source of repayment at origination was (2) Includes accretable fair value net purchase discounts of $ 25.8 29.3 When income totaled $ 0.9 2.0 0.5 million 1.2 month period 0.4 1.4 million, 0.3 1.0 respectively. As of that 43.8 18.4 mortgage 6.1 The commences 120 procedures foreclosures may be delayed due to, among other reasons, mandatory As of September 30, 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) $ 69,175 $ - $ 2,754 $ 32,167 $ - $ 104,096 $ - (2) (6) 2,633,303 - 31,328 11,958 31,946 2,708,535 1,910 Commercial loans: (6) 199,293 1,834 - 7 1,640 202,774 973 (2) (6) 2,290,012 930 1,166 2,373 21,632 2,316,113 5,458 2,998,999 441 1,956 10,749 18,809 3,030,954 1,523 Consumer loans: 1,826,679 52,755 10,648 - 13,103 1,903,185 102 816,251 10,421 2,346 - 2,522 831,540 - 367,428 5,708 2,840 - 1,874 377,850 - 308,519 4,563 3,230 5,638 - 321,950 - 148,251 2,399 1,647 - 1,638 153,935 1 $ 11,657,910 $ 79,051 $ 57,915 $ 62,892 $ 93,164 $ 11,950,932 $ 9,967 (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 $ 17.4 (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 $ 8.9 8.0 0.9 in 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 $ 8.5 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.7 (5) There were no (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, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of September 30, 2023 amounted to $ 6.9 65.5 million, $ 1.0 0.1 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 as of December 31, 2022. (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 ended September by portfolio classes based on the internal credit-risk category as of December As of September 30, 2023 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 $ 44,895 $ 36,361 $ 14,939 $ - $ - $ 3,824 $ - $ 100,019 $ 31,879 - - - - - - - - - - - - - - 2,308 - 2,308 2,893 - - - - - - - - - - - - - - - - - - $ 44,895 $ 36,361 $ 14,939 $ - $ - $ 6,132 $ - $ 102,327 $ 34,772 $ - $ - $ - $ - $ - $ 42 $ - $ 42 COMMERCIAL MORTGAGE $ 118,701 $ 382,403 $ 138,404 $ 318,372 $ 278,814 $ 355,823 $ 1,153 $ 1,593,670 $ 1,655,728 - 4,438 - 33,670 - 112,829 - 150,937 145,415 - 127 - - 2,825 31,639 - 34,591 33,061 - - - - - 810 - 810 - - - - - - - - - - $ 118,701 $ 386,968 $ 138,404 $ 352,042 $ 281,639 $ 501,101 $ 1,153 $ 1,780,008 $ 1,834,204 $ - $ - $ - $ - $ - $ 107 $ - $ 107 C&I $ 216,614 $ 293,433 $ 165,637 $ 171,386 $ 284,636 $ 188,691 $ 697,937 $ 2,018,334 $ 1,789,572 546 - - - 492 2,469 33,448 36,955 43,224 1 - 385 617 13,439 18,178 365 32,985 27,313 - - - - - - - - - - - - - - - - - - $ 217,161 $ 293,433 $ 166,022 $ 172,003 $ 298,567 $ 209,338 $ 731,750 $ 2,088,274 $ 1,860,109 $ - $ - $ - $ - $ - $ 218 $ 57 $ 275 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 787 $ 54,329 $ 39,004 $ - $ - $ - $ 236 $ 94,356 $ 98,181 - - 6,091 - - - - 6,091 - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 787 $ 54,329 $ 45,095 $ - $ - $ - $ 236 $ 100,447 $ 98,181 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 22,043 $ 185,268 $ 63,924 $ 40,330 $ 50,661 $ 119,451 $ 29,008 $ 510,685 $ 503,184 - - - - 13,080 11,172 - 24,252 20,295 - - - 1,168 - - - 1,168 1,168 - - - - - - - - - - - - - - - - - - $ 22,043 $ 185,268 $ 63,924 $ 41,498 $ 63,741 $ 130,623 $ 29,008 $ 536,105 $ 524,647 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 80,515 $ 271,894 $ 172,186 $ 57,897 $ 135,159 $ 54,973 $ 122,583 $ 895,207 $ 979,151 - - 19,532 - 11,878 11,169 - 42,579 17,905 - - - 632 191 3,185 - 4,008 29,098 - - - - - 886 - 886 - - - - - - - - - - $ 80,515 $ 271,894 $ 191,718 $ 58,529 $ 147,228 $ 70,213 $ 122,583 $ 942,680 $ 1,026,154 $ - $ - $ - $ - $ - $ 6,202 $ - $ 6,202 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 45,682 $ 90,690 $ 53,943 $ - $ - $ 3,824 $ 236 $ 194,375 $ 130,060 - - 6,091 - - - - 6,091 - - - - - - 2,308 - 2,308 2,893 - - - - - - - - - - - - - - - - - - $ 45,682 $ 90,690 $ 60,034 $ - $ - $ 6,132 $ 236 $ 202,774 $ 132,953 $ - $ - $ - $ - $ - $ 42 $ - $ 42 COMMERCIAL MORTGAGE $ 140,744 $ 567,671 $ 202,328 $ 358,702 $ 329,475 $ 475,274 $ 30,161 $ 2,104,355 $ 2,158,912 - 4,438 - 33,670 13,080 124,001 - 175,189 165,710 - 127 - 1,168 2,825 31,639 - 35,759 34,229 - - - - - 810 - 810 - - - - - - - - - - $ 140,744 $ 572,236 $ 202,328 $ 393,540 $ 345,380 $ 631,724 $ 30,161 $ 2,316,113 $ 2,358,851 $ - $ - $ - $ - $ - $ 107 $ - $ 107 C&I $ 297,129 $ 565,327 $ 337,823 $ 229,283 $ 419,795 $ 243,664 $ 820,520 $ 2,913,541 $ 2,768,723 546 - 19,532 - 12,370 13,638 33,448 79,534 61,129 1 - 385 1,249 13,630 21,363 365 36,993 56,411 - - - - - 886 - 886 - - - - - - - - - - $ 297,676 $ 565,327 $ 357,740 $ 230,532 $ 445,795 $ 279,551 $ 854,333 $ 3,030,954 $ 2,886,263 $ - $ - $ - $ - $ - $ 6,420 $ 57 $ 6,477 (1) Excludes accrued interest receivable. As of September 30, 2023 and December 31, 2022, the balance of revolving no t material. Accrued interest receivable 55.2 53.1 31, financial condition, The determining the ACL as of September 30, 2023 and December As of September 30, 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 $ 27,341 $ 1,596 $ 68 $ 27,409 $ 1,596 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 12,525 1,651 44,722 57,247 1,651 C&I loans 12,062 2,105 6,649 18,711 2,105 Consumer loans: Personal loans 28 - - 28 - Other consumer loans 162 17 - 162 17 $ 52,118 $ 5,369 $ 52,395 $ 104,513 $ 5,369 The allowance related portfolio historical consumer consisted value coverage 72 %, compared to 70 % as of was not considered a significant change in the extent to which collateral secured Purchases and Sales of Loans In GSEs, such as FNMA and $ 102.9 115.7 sale 2.2 3.2 $ 28.6 90.8 months 0.7 4.0 Corporation’s agrees representations properly underwritten according to established guidelines). For loans on or the obligation, to to regardless of its that were included in the residential mortgage loan portfolio amounted 8.5 10.4 During $ 2.5 8.2 guaranteed, payment advanced computed acceptable Historically, losses of sale. Loan sales to FNMA and FHLMC are without recourse in relation loss deficiencies. During $ 61.3 135.4 no months of 2023. Meanwhile, during the first nine months 35.2 participation in the Puerto Rico region. Loan Portfolio Concentration The Corporation’s and BVI markets $ 12.0 79 % in Puerto 17 % in the 4 % in the USVI and BVI. As of 185.0 municipalities 169.8 approximately 115.8 assigned 25.6 revenues. The budgetary subsidies provided by the Puerto Rico central taxes in such amounts as are required to satisfy the loans extended 8.9 million in 34.7 or public corporations of the Puerto Rico government. In 79.3 guaranteed by the $ 84.7 properties and the guarantees serve to cover shortfalls in collateral in the event The $ 87.5 million in 38.0 2023, all loans were currently performing and up to date on principal Loss Mitigation Program for Borrowers Experiencing Effective January 1, 2023, the Corporation adopted Presentation and Significant Accounting Policies. The Corporation provides assistance to financial individual terms to comply with regulations regarding the treatment of certain bankruptcy 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 insignificant collateral value of the loan or the relative significance of the delay to The change including 0.9 3.2 million in restructured residential quarter and nine-month period ended September 30, 2023, respectively. The financial difficulty granted, and the class: As of September 30, 2023 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 $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,007 $ - $ 103,132 $ 117,416 Non-Performing - - - - - - - - - Total FHA/VA $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,007 $ - $ 103,132 $ 117,416 Conventional residential mortgage loans: Accrual Status: Performing $ 114,791 $ 168,507 $ 69,903 $ 30,088 $ 44,999 $ 1,797,010 $ - $ 2,225,298 $ 2,265,013 Non-Performing - - 35 - 174 25,040 - 25,249 35,471 Total conventional residential mortgage loans $ 114,791 $ 168,507 $ 69,938 $ 30,088 $ 45,173 $ 1,822,050 $ - $ 2,250,547 $ 2,300,484 Total: Accrual Status: Performing $ 115,011 $ 169,193 $ 71,358 $ 30,748 $ 46,103 $ 1,896,017 $ - $ 2,328,430 $ 2,382,429 Non-Performing - - 35 - 174 25,040 - 25,249 35,471 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 115,011 $ 169,193 $ 71,393 $ 30,748 $ 46,277 $ 1,921,057 $ - $ 2,353,679 $ 2,417,900 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 2,619 $ - $ 2,622 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ - $ - $ - $ - $ - $ 964 $ - $ 964 $ 742 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 964 $ - $ 964 $ 742 Conventional residential mortgage loans: Accrual Status: Performing $ 71,543 $ 78,806 $ 47,891 $ 29,868 $ 27,387 $ 195,796 $ - $ 451,291 $ 421,347 Non-Performing - 16 - - 257 6,424 - 6,697 7,301 Total conventional residential mortgage loans $ 71,543 $ 78,822 $ 47,891 $ 29,868 $ 27,644 $ 202,220 $ - $ 457,988 $ 428,648 Total: Accrual Status: Performing $ 71,543 $ 78,806 $ 47,891 $ 29,868 $ 27,387 $ 196,760 $ - $ 452,255 $ 422,089 Non-Performing - 16 - - 257 6,424 - 6,697 7,301 Total residential mortgage loans in Florida region $ 71,543 $ 78,822 $ 47,891 $ 29,868 $ 27,644 $ 203,184 $ - $ 458,952 $ 429,390 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ 6 $ - $ 6 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,971 $ - $ 104,096 $ 118,158 Non-Performing - - - - - - - - - Total FHA/VA $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,971 $ - $ 104,096 $ 118,158 Conventional residential mortgage loans: Accrual Status: Performing $ 186,334 $ 247,313 $ 117,794 $ 59,956 $ 72,386 $ 1,992,806 $ - $ 2,676,589 $ 2,686,360 Non-Performing - 16 35 - 431 31,464 - 31,946 42,772 Total conventional residential mortgage loans $ 186,334 $ 247,329 $ 117,829 $ 59,956 $ 72,817 $ 2,024,270 $ - $ 2,708,535 $ 2,729,132 Total: Accrual Status: Performing $ 186,554 $ 247,999 $ 119,249 $ 60,616 $ 73,490 $ 2,092,777 $ - $ 2,780,685 $ 2,804,518 Non-Performing - 16 35 - 431 31,464 - 31,946 42,772 Total residential mortgage loans $ 186,554 $ 248,015 $ 119,284 $ 60,616 $ 73,921 $ 2,124,241 $ - $ 2,812,631 $ 2,847,290 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 2,625 $ - $ 2,628 (1) Excludes accrued interest receivable. As of September 30, 2023 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: Auto loans: Accrual Status: Performing $ 483,036 $ 567,954 $ 414,852 $ 195,698 $ 149,360 $ 77,639 $ - $ 1,888,539 $ 1,783,782 Non-Performing 1,271 3,122 2,654 1,407 2,472 2,141 - 13,067 10,596 Total auto loans $ 484,307 $ 571,076 $ 417,506 $ 197,105 $ 151,832 $ 79,780 $ - $ 1,901,606 $ 1,794,378 Charge-offs on auto loans $ 630 $ 5,420 $ 3,412 $ 1,391 $ 1,811 $ 1,237 $ - $ 13,901 Finance leases: Accrual Status: Performing $ 243,524 $ 258,990 $ 162,169 $ 70,224 $ 60,539 $ 33,572 $ - $ 829,018 $ 716,585 Non-Performing 7 741 466 434 305 569 - 2,522 1,645 Total finance leases $ 243,531 $ 259,731 $ 162,635 $ 70,658 $ 60,844 $ 34,141 $ - $ 831,540 $ 718,230 Charge-offs on finance leases $ 172 $ 1,182 $ 921 $ 419 $ 446 $ 579 $ - $ 3,719 Personal loans: Accrual Status: Performing $ 133,568 $ 133,763 $ 37,159 $ 19,132 $ 33,558 $ 18,492 $ - $ 375,672 $ 351,664 Non-Performing 162 1,146 196 71 161 138 - 1,874 1,248 Total personal loans $ 133,730 $ 134,909 $ 37,355 $ 19,203 $ 33,719 $ 18,630 $ - $ 377,546 $ 352,912 Charge-offs on personal loans $ 242 $ 5,765 $ 2,137 $ 892 $ 1,812 $ 1,077 $ - $ 11,925 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 13,294 $ 13,294 Other consumer loans: Accrual Status: Performing $ 69,063 $ 40,513 $ 11,921 $ 6,396 $ 6,377 $ 4,442 $ 9,071 $ 147,783 $ 139,116 Non-Performing 323 671 184 52 91 160 95 1,576 1,122 Total other consumer loans $ 69,386 $ 41,184 $ 12,105 $ 6,448 $ 6,468 $ 4,602 $ 9,166 $ 149,359 $ 140,238 Charge-offs on other consumer loans $ 662 $ 5,418 $ 1,853 $ 446 $ 851 $ 297 $ 354 $ 9,881 Total: Performing $ 929,191 $ 1,001,220 $ 626,101 $ 291,450 $ 249,834 $ 134,145 $ 331,021 $ 3,562,962 $ 3,302,878 Non-Performing 1,763 5,680 3,500 1,964 3,029 3,008 95 19,039 14,611 Total consumer loans in Puerto Rico and Virgin Islands region $ 930,954 $ 1,006,900 $ 629,601 $ 293,414 $ 252,863 $ 137,153 $ 331,116 $ 3,582,001 $ 3,317,489 Charge-offs on total consumer loans $ 1,706 $ 17,785 $ 8,323 $ 3,148 $ 4,920 $ 3,190 $ 13,648 $ 52,720 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ - $ - $ - $ - $ 187 $ 1,356 $ - $ 1,543 $ 3,617 Non-Performing - - - - - 36 - 36 76 Total auto loans $ - $ - $ - $ - $ 187 $ 1,392 $ - $ 1,579 $ 3,693 Charge-offs on auto loans $ - $ - $ - $ - $ 23 $ 263 $ - $ 286 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 231 $ - $ 71 $ 2 $ - $ - $ - $ 304 $ 334 Non-Performing - - - - - - - - - Total personal loans $ 231 $ - $ 71 $ 2 $ - $ - $ - $ 304 $ 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 $ 55 $ 47 $ 225 $ 451 $ - $ 2,295 $ 1,441 $ 4,514 $ 5,833 Non-Performing - - - - - 20 42 62 119 Total other consumer loans $ 55 $ 47 $ 225 $ 451 $ - $ 2,315 $ 1,483 $ 4,576 $ 5,952 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total: Performing $ 286 $ 47 $ 296 $ 453 $ 187 $ 3,651 $ 1,441 $ 6,361 $ 9,784 Non-Performing - - - - - 56 42 98 195 Total consumer loans in Florida region $ 286 $ 47 $ 296 $ 453 $ 187 $ 3,707 $ 1,483 $ 6,459 $ 9,979 Charge-offs on total consumer loans $ - $ - $ - $ - $ 23 $ 263 $ - $ 286 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 483,036 $ 567,954 $ 414,852 $ 195,698 $ 149,547 $ 78,995 $ - $ 1,890,082 $ 1,787,399 Non-Performing 1,271 3,122 2,654 1,407 2,472 2,177 - 13,103 10,672 Total auto loans $ 484,307 $ 571,076 $ 417,506 $ 197,105 $ 152,019 $ 81,172 $ - $ 1,903,185 $ 1,798,071 Charge-offs on auto loans $ 630 $ 5,420 $ 3,412 $ 1,391 $ 1,834 $ 1,500 $ - $ 14,187 Finance leases: Accrual Status: Performing $ 243,524 $ 258,990 $ 162,169 $ 70,224 $ 60,539 $ 33,572 $ - $ 829,018 $ 716,585 Non-Performing 7 741 466 434 305 569 - 2,522 1,645 Total finance leases $ 243,531 $ 259,731 $ 162,635 $ 70,658 $ 60,844 $ 34,141 $ - $ 831,540 $ 718,230 Charge-offs on finance leases $ 172 $ 1,182 $ 921 $ 419 $ 446 $ 579 $ - $ 3,719 Personal loans: Accrual Status: Performing $ 133,799 $ 133,763 $ 37,230 $ 19,134 $ 33,558 $ 18,492 $ - $ 375,976 $ 351,998 Non-Performing 162 1,146 196 71 161 138 - 1,874 1,248 Total personal loans $ 133,961 $ 134,909 $ 37,426 $ 19,205 $ 33,719 $ 18,630 $ - $ 377,850 $ 353,246 Charge-offs on personal loans $ 242 $ 5,765 $ 2,137 $ 892 $ 1,812 $ 1,077 $ - $ 11,925 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 13,294 $ 13,294 Other consumer loans: Accrual Status: Performing $ 69,118 $ 40,560 $ 12,146 $ 6,847 $ 6,377 $ 6,737 $ 10,512 $ 152,297 $ 144,949 Non-Performing 323 671 184 52 91 180 137 1,638 1,241 Total other consumer loans $ 69,441 $ 41,231 $ 12,330 $ 6,899 $ 6,468 $ 6,917 $ 10,649 $ 153,935 $ 146,190 Charge-offs on other consumer loans $ 662 $ 5,418 $ 1,853 $ 446 $ 851 $ 297 $ 354 $ 9,881 Total: Performing $ 929,477 $ 1,001,267 $ 626,397 $ 291,903 $ 250,021 $ 137,796 $ 332,462 $ 3,569,323 $ 3,312,662 Non-Performing 1,763 5,680 3,500 1,964 3,029 3,064 137 19,137 14,806 Total consumer loans $ 931,240 $ 1,006,947 $ 629,897 $ 293,867 $ 253,050 $ 140,860 $ 332,599 $ 3,588,460 $ 3,327,468 Charge-offs on total consumer loans $ 1,706 $ 17,785 $ 8,323 $ 3,148 $ 4,943 $ 3,453 $ 13,648 $ 53,006 (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 September 30, 2023 and December 31, 2022 are as follows: The following accrual year, and the amortized cost of residential mortgage The status as by origination year, and the amortized Quarter Ended September 30,2023 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 401 $ - $ - $ - $ - $ 401 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 2,225 - - 2,225 0.10% C&I loans - - - 192 - - - 192 0.01% Consumer loans: Auto loans - - - - 74 59 608 (1) 741 0.04% Personal loans - - - - 67 87 - 154 0.04% Credit cards - - - 368 (2) - - - 368 0.11% Other consumer loans - - - - 54 4 4 (1) 62 0.04% $ - $ - $ 401 $ 560 $ 2,420 $ 150 $ 612 $ 4,143 The financial 30,2023. from the tables below: Quarter Ended September 30, 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) (In thousands) Conventional residential mortgage loans - % - - % - Construction loans - % - - % - Commercial mortgage loans - % 13 - % - C&I loans 0.45 % - - % - Consumer loans: Auto loans - % 31 2.27 % 25 Personal loans - % 35 3.61 % 41 Credit cards 16.67 % - - % - Other consumer loans - % 22 2.00 % 10 The following table presents by portfolio classes the performance of loans modified September 30, 2023 that were granted to borrowers experiencing financial Nine-Month Period Ended September 30, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ 71 $ - $ - $ 71 $ 1,465 $ 1,536 Construction loans - - - - - - Commercial mortgage loans - - - - 32,395 32,395 C&I loans - - - - 377 377 Consumer loans: Auto loans 22 - - 22 1,876 1,898 Personal loans 15 - - 15 282 297 Credit cards 149 35 - 184 849 1,033 Other consumer loans 34 17 15 (1) 66 363 429 $ 291 $ 52 $ 15 $ 358 $ 37,607 $ 37,965 (1) Consists of loan modifications that defaulted (failure 30, 2023, and that had been modified after January 1, 2023. Nine-Month Period Ended September 30,2023 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 610 $ - $ 687 $ 239 $ - $ 1,536 0.05% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 2,225 30,170 - 32,395 1.40% C&I loans - - - 192 185 - - 377 0.01% Consumer loans: Auto loans - - - - 234 153 1,511 (1) 1,898 0.10% Personal loans - - - - 132 165 - 297 0.08% Credit cards - - - 1,033 (2) - - - 1,033 0.32% Other consumer loans - - - - 311 90 28 (1) 429 0.28% $ - $ - $ 610 $ 1,225 $ 3,774 $ 30,817 $ 1,539 $ 37,965 (1) Modification consists of reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings or consumer credit counseling programs unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. Nine-Month Period Ended September 30, 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) (In thousands) Conventional residential mortgage loans - % 105 2.95 % 105 Construction loans - % - - % - Commercial mortgage loans - % 13 0.25 % 64 C&I loans 0.45 % 72 - % - Consumer loans: Auto loans - % 27 3.10 % 28 Personal loans - % 35 4.29 % 33 Credit cards 16.27 % - - % - Other consumer loans - % 26 1.74 % 23 Various commitments. 4.4 4.3 and December $ 1.8 2.4 Discount 2.2 68.2 collateral for the uninsured portion of government deposits, compared to $ 123.7 Troubled Debt Restructurings 2022-02, difficulties, granted of Significant in during the quarter and nine-month period ended September 30, Quarter Ended September 30,2022 Total 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) TDRs: Conventional residential mortgage loans $ - $ 132 $ - $ - $ 1,022 $ 1,154 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans 495 - - - - 495 Consumer loans: Auto loans 661 42 84 - - 787 Finance leases - 82 - - - 82 Personal loans - 75 58 - - 133 Credit cards 252 (2) - - - - 252 Other consumer loans 10 56 - 19 - 85 Total TDRs $ 1,418 $ 387 $ 142 $ 19 $ 1,022 $ 2,988 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination of (2) Concession consists of reduction in interest rate and revocation Nine-Month Period Ended September 30,2022 Total 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) TDRs: Conventional residential mortgage loans $ 215 $ 1,484 $ 190 $ - $ 3,709 $ 5,598 Construction loans - - - - - - Commercial mortgage loans - 245 5,178 - 467 5,890 C&I loans 895 - - 825 1,083 2,803 Consumer loans: Auto loans 2,120 126 264 - - 2,510 Finance leases - 451 - - 18 469 Personal loans 99 135 84 - - 318 Credit cards 647 (2) - - - - 647 Other consumer loans 93 188 - 37 - 318 Total TDRs $ 4,069 $ 2,629 $ 5,716 $ 862 $ 5,277 $ 18,553 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination of (2) Concession consists of reduction in interest rate and revocation Quarter Ended September 30,2022 Nine-Month Period Ended September 30,2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 12 $ 1,220 $ 1,154 49 $ 5,668 $ 5,598 Construction loans - - - - - - Commercial mortgage loans - - - 3 5,897 5,890 C&I loans 3 495 495 15 3,031 2,803 Consumer loans: 35 790 787 123 2,512 2,510 5 82 82 26 469 469 7 116 133 19 301 318 50 251 252 139 646 647 29 83 85 77 311 318 141 $ 3,037 $ 2,988 451 $ 18,835 $ 18,553 Loan modifications considered both loans during the 12-months preceding the default date, were as follows: Quarter Ended September 30,2022 Nine-Month Period Ended September 30,2022 Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 1 $ 50 5 $ 534 Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans 31 776 75 1,674 Finance leases - - 1 16 Personal loans - - - - Credit cards 14 60 39 201 Other consumer loans 1 2 5 19 Total 47 $ 888 125 $ 2,444 |
ALLOWANCE FOR CREDIT LOSSES FOR
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES | 9 Months Ended |
Sep. 30, 2023 | |
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES [Abstract] | |
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES | NOTE 4 – ALLOWANCE The following tables present the activity in the ACL on loans and finance leases by Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, 2023 (In thousands) ACL: Beginning balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 Provision for credit losses - (benefit) expense (3,349) (642) (1,344) 1,931 14,047 10,643 Charge-offs (499) (4) (1) (9) (19,746) (20,259) Recoveries 534 1,463 75 161 3,940 6,173 Ending balance $ 57,200 $ 5,621 $ 41,157 $ 30,097 $ 129,540 $ 263,615 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, (In thousands) ACL: Beginning balance $ 65,231 $ 2,020 $ 32,619 $ 36,203 $ 116,079 $ 252,152 Provision for credit losses - expense (benefit) 755 (179) (2,383) (1,228) 17,387 14,352 Charge-offs (1,466) (63) (3) (8) (12,522) (14,062) Recoveries 559 43 57 494 4,264 5,417 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, (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 - (benefit) expense (6,776) 1,420 5,901 3,278 43,846 47,669 Charge-offs (2,628) (42) (107) (6,477) (53,006) (62,260) Recoveries 1,788 1,935 299 383 11,221 15,626 Ending balance $ 57,200 $ 5,621 $ 41,157 $ 30,097 $ 129,540 $ 263,615 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (6,913) (2,242) (23,758) (575) 43,516 10,028 Charge-offs (6,073) (123) (42) (366) (32,765) (39,369) Recoveries 3,228 138 1,319 2,118 11,367 18,170 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 The Significant Accounting as updated by the information contained in this report, for each portfolio The Corporation ACL with each national and the baseline portfolios is addition, account Results for certain outperforming previous forecasts. As 263.6 3.1 260.5 million 6.6 deterioration in the forecasted CRE price index to account potentially impact the and a 1.7 $ 9.5 2.1 primarily offset The tables below September 30, As of September 30, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,812,631 $ 202,774 $ 2,316,113 $ 3,030,954 $ 3,588,460 $ 11,950,932 57,200 5,621 41,157 30,097 129,540 263,615 2.03 % 2.77 % 1.78 % 0.99 % 3.61 % 2.21 % 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, Commitments, 31, 2022. The Nature of Business and Summary of Accounting Policies, Report on Form 10-K. 4.8 4.3 million as of December 31, loan commitments. The following and nine-month periods ended September 30, 2023 and 2022: Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Beginning Balance $ 4,889 $ 2,171 $ 4,273 $ 1,537 Provision for credit losses - (benefit) expense (128) 2,071 488 2,705 Ending balance $ 4,761 $ 4,242 $ 4,761 $ 4,242 |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) OREO balances, carrying value: Residential (1) $ 20,740 $ 24,025 Construction 1,861 1,764 Commercial 5,962 5,852 Total $ 28,563 $ 31,641 (1) Excludes $ 19.6 23.5 of Residential Real condition. See Note 18 - Fair ended September 30, 2023 and 2022. |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES | 9 Months Ended |
Sep. 30, 2023 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
GOODWILL AND OTHER INTANGIBLES | NOTE 6 – GOODWILL AND OTHER INTANGIBLES Goodwill Goodwill 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 first nine months of 2023. There were no and 2022. Other Intangible Assets The amortization as of the indicated dates: As of As of September 30, December 31, 2023 2022 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (72,315) (66,644) Net carrying amount $ 15,229 $ 20,900 Remaining amortization period (in years) 6.3 7.0 Purchased credit card relationship intangible: Gross amount $ - $ 3,800 Accumulated amortization - (3,595) Net carrying amount $ - $ 205 Remaining amortization period (in years) - 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 1.9 5.9 respectively, 2.2 6.7 the same periods in 2022, respectively. The Corporation amortizes core deposit intangibles based on the projected useful lives of the related deposits. Core deposit intangibles are analyzed 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 as of September 30, 2023. The estimated as follows as of September 30, 2023 (In thousands) Remaining 2023 $ 1,847 2024 6,416 2025 3,509 2026 872 2027 872 2028 and after 1,713 |
NON-CONSOLIDATED VARIABLE INTER
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS | 9 Months Ended |
Sep. 30, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) 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 statements of financial 3- month CME Term SOFR 0.26161 % and the 2.75 % for the and 2.50 % for 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). During the second quarter of 2023, the Corporation 21.4 part subordinated 92.5 % 21.4 7.5 % discount resulted 1.6 early extinguishment amounted to $ 161.7 183.8 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 securities indexed 3-month CME Term SOFR 0.26161 % and weighted-average agent interest only strip (“IO”) tied to the servicing intervention of the seller, absorbs all risks value 7.3 4.9 7.73 %, which is included as part of ACL on these private label MBS amounted to $ 0.1 Servicing Assets (MSRs) The which the issued service serviced 2.1 sold to FNMA or FHLMC whether those servicing financial condition. The changes in MSRs are shown below for the indicated periods: Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Balance at beginning of period $ 28,034 $ 30,277 $ 29,037 $ 30,986 Capitalization of servicing assets 601 679 1,839 2,637 Amortization (1,035) (1,247) (3,265) (3,850) Temporary impairment 7 1 12 65 Other (1) (6) (20) (22) (148) Balance at end of period $ 27,601 $ 29,690 $ 27,601 $ 29,690 (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 September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Balance at beginning of period $ 7 $ 14 $ 12 $ 78 Temporary impairment (7) (1) (12) (65) $ - $ 13 $ - $ 13 The components are shown below for the indicated periods: Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Servicing fees $ 2,606 $ 2,758 $ 7,984 $ 8,398 Late charges and prepayment penalties 137 201 547 614 Other (1) (6) (20) (22) (148) 2,737 2,939 8,509 8,864 Amortization and impairment of servicing assets (1,028) (1,246) (3,253) (3,785) $ 1,709 $ 1,693 $ 5,256 $ 5,079 (1) Mainly represents adjustments related to the repurchase The Corporation’s value at the time of sale of the related mortgages for the indicated periods Weighted Average Maximum Minimum Nine-Month Period Ended September 30, Constant prepayment rate: 6.6 % 11.6 % 4.8 % 7.4 % 16.0 % 3.8 % 5.9 % 9.0 % 2.1 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 13.0 % 14.0 % 11.5 % Nine-Month Period Ended September 30, Constant prepayment rate: 6.6 % 18.3 % 4.8 % 6.6 % 18.4 % 3.4 % 6.0 % 21.9 % 3.8 % Discount rate: 11.8 % 12.0 % 11.5 % 9.8 % 10.0 % 9.5 % 12.4 % 14.5 % 11.5 % The weighted current fair value 10 % and 20 % adverse changes in December 31, 2022 were as follows: September 30, December 31, 2023 2022 (In thousands) Carrying amount of servicing assets $ 27,601 $ 29,037 Fair value $ 45,114 $ 44,710 Weighted-average 7.75 7.80 Constant prepayment rate (weighted-average annual 6.31 % 6.40 % $ 1,036 $ 1,048 $ 2,027 $ 2,054 Discount rate (weighted-average annual rate) 10.72 % 10.69 % $ 1,937 $ 1,925 $ 3,727 $ 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 | 9 Months Ended |
Sep. 30, 2023 | |
DEPOSITS [Abstract] | |
DEPOSITS | NOTE 8 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: September 30, 2023 December 31, 2022 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 5,440,247 $ 6,112,884 Interest-bearing saving accounts 3,687,203 3,902,888 Interest-bearing checking accounts 4,242,672 3,770,993 Certificates of deposit (“CDs”) 2,754,776 2,250,876 Brokered CDs 310,339 105,826 $ 16,435,237 $ 16,143,467 The following table presents the contractual maturities of CDs, including brokered Total (In thousands) Three months or less $ 786,211 Over three months to six months 496,333 Over six months to one year 785,367 Over one year to two years 716,417 Over two years to three years 113,932 Over three years to four years 49,303 Over four years to five years 110,325 Over five years 7,227 $ 3,065,115 The following were the components of interest expense on deposits for the Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Interest expense on deposits $ 54,243 $ 10,045 $ 125,720 $ 25,619 Accretion of premiums from acquisitions (33) (92) (149) (384) Amortization of broker placement fees 88 25 216 89 $ 54,298 $ 9,978 $ 125,787 $ 25,324 Total 1.4 1.0 September 30, 2023 out unamortized broker 0.3 under the interest method. |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) Short-term Fixed-rate repurchase agreements (1) (2) $ - $ 75,133 (1) Weighted-average interest rate 4.55 % as of December 31, 2022. As of September 30, (2) As of December 31, 2022, the securities underlying such agreements agreements, in the event of default, repurchase agreements owed with respect to any other agreement or transaction between statements of financial condition. |
ADVANCES FROM THE FEDERAL HOME
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) Short-term Fixed -rate advances from the FHLB (1) $ - $ 475,000 Long-term Fixed -rate advances from the FHLB (2) 500,000 200,000 $ 500,000 $ 675,000 (1) Weighted-average interest rate of 4.56 % as of December 31, 2022. (2) Weighted-average interest rate of 4.45 % and 4.25 % as of September 30, 2023 and December 31, 2022, respectively. Advances from the FHLB mature as follows as of the indicated date: September 30, 2023 (In thousands) Over one to five years (1) $ 500,000 '(1) Average remaining term to maturity of 2.74 During the nine-month period 300.0 average cost of 4.59 %, and repaid its short-term FHLB advances. |
OTHER LONG-TERM BORROWINGS
OTHER LONG-TERM BORROWINGS | 9 Months Ended |
Sep. 30, 2023 | |
OTHER LONG-TERM BORROWINGS [Abstract] | |
OTHER LONG-TERM BORROWINGS | NOTE 11 – OTHER LONG-TERM Junior Subordinated Debentures Junior subordinated debentures, as of the indicated dates, consisted of: (In thousands) September 30, 2023 December 31, 2022 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) $ 43,143 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2) (3) 118,557 118,557 $ 161,700 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of September 30, 2023 and 2.75 % over 3-month LIBOR 8.42 % as of September 30,2023 and 7.49 % as of December 31, 2022). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of September 30, 2023 and 2.50 % over 3-month LIBOR 8.16 % as of September 30, 2023 and 7.25 % as of December 31, 2022). (3) See Note 7 - Non-Consolidated Variable |
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE | 9 Months Ended |
Sep. 30, 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 and nine-month follows: Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands, except per share information) Net income attributable to common stockholders $ 82,022 $ 74,603 $ 223,375 $ 231,898 Weighted-Average 176,358 187,236 178,486 193,217 604 1,083 658 1,151 176,962 188,319 179,144 194,368 Earnings per common share: Basic $ 0.47 $ 0.40 $ 1.25 $ 1.20 Diluted $ 0.46 $ 0.40 $ 1.25 $ 1.19 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 and nine-month periods |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 9 Months Ended |
Sep. 30, 2023 | |
STOCK-BASED COMPENSATION [Abstract] | |
STOCK-BASED COMPENSATION | NOTE 13 – STOCK-BASED . COMPENSATION The First Bancorp and non 14,169,807 of common were 3,151,949 recommendation of to receive to individual and aggregate awards. Restricted Stock Under the of certain does stock common vesting period: 50 %) of 50 % vest the three-year one-year 519,794 2023 in connection with restricted stock awards, which were reissued The following table summarizes the restricted stock activity under the Omnibus September 30, 2023 and 2022: Nine-Month Period Ended September 30, 2023 2022 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) 519,794 12.06 323,364 13.18 Forfeited (58,454) 11.31 (15,108) 8.79 Vested (503,460) 6.27 (510,007) 6.05 Unvested shares outstanding at end of period 896,371 $ 12.32 947,024 $ 9.12 (1) Includes, for the nine-month period ended September 30,2023, 25,786 494,008 employees, of which 33,718 30,2022, 24,972 298,392 6,084 retirement-eligible employees and thus charged to earnings For 1.3 4.3 respectively, 0.9 2.7 the 5.4 related to unvested shares of restricted stock that the Corporation expects to 1.7 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 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 individual achievement of each performance goal during a three-year performance cycle. Amounts between threshold, target and maximum performance will vest in a proportional amount. Performance units granted prior to March 16, 2023 vest subject only to achievement of a TBVPS goal and the participant may earn only up to 100% of their target opportunity. The September 30, 2023 and 2022: Nine-Month Period Ended September 30, 2023 2022 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 nine-month period ended September 30, cycle beginning January 1, 2023 and ending on December performance goal during a three-year performance cycle beginning (2) Units vested during the nine-month period ended September 30, of common stock reissued from treasury shares. Units established targets and were settled with shares The fair value of the performance units awarded during the nine-month periods ended September 30, 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 September 30, 2023, there have been no changes in 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 nine-month period ended September 30, 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. The following performance units granted under the Omnibus Plan during the nine-month Nine-Month Period Ended September 30, 2023 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 the Corporation's For 0.6 1.6 respectively, 0.5 1.3 same periods in 2022, 3.6 to unvested performance units that the Corporation expects to recognize 2.0 Shares withheld During the first nine 288,613 202,649 months liabilities; officer stock repurchases. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 9 Months Ended |
Sep. 30, 2023 | |
STOCKHOLDERS' EQUITY [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 14 – Stock Repurchase Programs During the third quarter of 2023, the Corporation repurchased 5,392,458 13.91 total cost of $ 75 350 2022. 8,969,998 $ 13.94 125 On July the Corporation may repurchase up to $ 225 third quarter of 2024. Repurchases and/or Corporation’s performance program program no shares Company payments, stock repurchases, and to fund all payments on its obligations, including Common Stock The following table shows the change in shares of common stock outstanding September 30, 2023 and 2022: Total Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 Common stock outstanding, beginning balance 179,756,622 191,626,336 182,709,059 201,826,505 Common stock repurchased (1) (5,393,236) (5,385,857) (9,258,611) (16,066,747) Common stock reissued under stock-based compensation plan 23,903 21,924 994,332 513,009 Restricted stock forfeited (963) (4,744) (58,454) (15,108) Common stock outstanding, ending balances 174,386,326 186,257,659 174,386,326 186,257,659 (1) For the quarter and nine-month period ended September 30, 2023 includes 778 288,613 income taxes. For amounted 24.9 75.6 22.7 65.9 periods October 31, 2023 , 0.14 common December 8, 2023 November 24, 2023 . Corporation intends including the the relevant times. Preferred Stock The Corporation 50,000,000 1.00 , subject to may be issued issuance of No September 30, 2023 and December 31, 2022. Treasury Stock The following table shows the change in shares of treasury stock for the quarters and nine-month 2023 and 2022: Total Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 Treasury stock, beginning balance 43,906,494 32,036,780 40,954,057 21,836,611 Common stock repurchased 5,393,236 5,385,857 9,258,611 16,066,747 Common stock reissued under stock-based compensation plan (23,903) (21,924) (994,332) (513,009) Restricted stock forfeited 963 4,744 58,454 15,108 Treasury stock, ending balances 49,276,790 37,405,457 49,276,790 37,405,457 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 September 30, 2023 and December 31, 2022. There were no |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE LOSS | 9 Months Ended |
Sep. 30, 2023 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE LOSS | NOTE 15 – ACCUMULATED The following table presents the changes in accumulated other comprehensive September 30, 2023 and 2022: Changes in Accumulated Other Comprehensive (1) Quarter ended September 30, Nine-Month Period Ended September 2023 2022 2023 2022 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (773,581) $ (595,147) $ (805,972) $ (87,390) (2) (78,976) (270,937) (46,585) (778,694) Ending balance $ (852,557) $ (866,084) $ (852,557) $ (866,084) Adjustment of pension and postretirement Beginning balance $ 1,194 $ 3,391 $ 1,194 $ 3,391 - - - - Ending balance $ 1,194 $ 3,391 $ 1,194 $ 3,391 ____________________ (1) All amounts presented are net of tax. (2) Net unrealized holding losses on available-for-sale debt securities have no tax effect because securities are either tax-exempt, held by an IBE, or have a full deferred tax asset valuation allowance. |
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS | 9 Months Ended |
Sep. 30, 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 September 30, Nine-Month Period Ended September 30, Statements of Income 2023 2022 2023 2022 (In thousands) Net periodic cost (benefit), pension plans: Interest cost Other expenses $ 950 $ 654 $ 2,850 $ 1,962 Expected return on plan assets Other expenses (886) (1,040) (2,657) (3,119) Net periodic cost (benefit), pension plans 64 (386) 193 (1,157) Net periodic cost, postretirement plan Other expenses 7 2 19 5 Net periodic cost (benefit) $ 71 $ (384) $ 212 $ (1,152) |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 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 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 27.0 32.0 third quarter of 2022. For the first 89.2 $ 109.2 quarter subsidiary of FirstBank, Rico tax nine advantages entities with 28.2 % for 2023, compared to 31.8 % for the first nine months of 2022. As 150.8 195.1 million 155.6 185.5 million, as of 150.8 million 157.9 155.6 million, 149.5 allowance securities. In Revenue Code period. absence of such limitation. The Corporation has mitigated any income. However, each annual the Corporation 2.8 6.8 operations, compared to 3.0 7.1 USVI operations in the quarters and nine-month periods ended The Corporation interest $ 0.2 0.8 BSPR, which, if may increase or income examinations, under the 2011 income authorities liability for based, in part, upon 2019 remain open to examination. For Puerto Rico tax purposes, all tax years |
FAIR VALUE
FAIR VALUE | 9 Months Ended |
Sep. 30, 2023 | |
FAIR VALUE [Abstract] | |
FAIR VALUE | 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 September 30, 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 $ 140,723 $ - $ - $ 140,723 $ 138,875 $ - $ - $ 138,875 Noncallable U.S. agencies debt securities - 430,515 - 430,515 - 389,787 - 389,787 Callable U.S. agencies debt securities - 1,877,075 - 1,877,075 - 1,963,566 - 1,963,566 MBS - 2,721,124 4,918 (1) 2,726,042 - 3,098,797 5,794 (1) 3,104,591 Puerto Rico government obligations - - 1,448 1,448 - - 2,201 2,201 Other investments - - - - - - 500 500 Equity securities 4,775 - - 4,775 4,861 - - 4,861 Derivative assets - 360 - 360 - 633 - 633 Liabilities: Derivative liabilities - 170 - 170 - 476 - 476 (1) Related to private label MBS. The table below presents a reconciliation of the beginning and ending balances basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 7,357 $ 10,180 $ 8,495 $ 11,084 (722) (177) (903) (570) (2) (32) 12 (7) 435 (237) (1,152) (1,219) (3) (2,086) Ending balance $ 6,366 $ 8,863 $ 6,366 $ 8,863 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized (losses) gains included in earnings were (3) Includes a $ 0.5 The tables below present quantitative information for significant assets measured at fair unobservable inputs (Level 3) as of September 30, 2023 and December 31, 2022: September 30, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,918 Discounted cash flows Discount rate 17.3% 17.3% 17.3% Prepayment rate 1.2% 8.8% 5.3% Projected cumulative loss rate 0.2% 13.7% 5.5% $ 1,448 Discounted cash flows Discount rate 13.9% 13.9% 13.9% Projected cumulative loss rate 24.5% 24.5% 24.5% 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 information Additionally, fair value As of September 30, 2023, the Corporation recorded losses or valuation adjustments recurring basis and still held at September 30, 2023, as shown in the following Carrying value as of September 30, 2023 Related to (losses) gains recorded for the Quarter Ended September 30, 2023 Related to losses recorded for the Nine- Month Period Ended September 30, 2023 (Losses) gains recorded for the Quarter Ended September 30, 2023 Losses recorded for the Nine-Month Period Ended September 30, 2023 (In thousands) Level 3: Loans receivable (1) $ 16,655 $ 24,933 $ (2,495) $ (9,234) OREO (2) 1,085 2,124 (169) (205) Level 2: Loans held for sale (3) $ 8,961 $ 8,961 $ 16 $ (57) (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 (3) The Corporation derived the fair value of these loans based As of September 30, 2022, the Corporation recorded losses or valuation adjustments recurring basis and still held at September 30, 2022, as shown in the following Carrying value as of September 30, 2022 Related to losses recorded for the Quarter Ended September 30, 2022 Related to losses recorded for the Nine- Month Period Ended September 30, 2022 Losses recorded for the Quarter Ended September 30, 2022 Losses recorded for the Nine-Month Period Ended September 30, 2022 (In thousands) Level 3: Loans receivable (1) $ 4,207 $ 27,531 $ (227) $ (2,978) OREO (2) 1,234 2,913 (57) (34) Premises and equipment (3) - 1,242 - (218) Level 2: Loans held for sale (4) $ 12,169 $ 12,169 $ (177) $ (177) (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 (3) Relates to a banking facility reclassified to held-for-sale and (4) The Corporation derived the fair value of these loans based See Note qualitative information regarding the basis. The following tables present the carrying value, estimated fair value and estimated instruments as of September 30, 2023 and December 31, 2022: Total Carrying Amount in Statement of Financial Condition as of September 30, 2023 Fair Value Estimate as September 30, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 584,913 $ 584,913 $ 584,913 $ - $ - Available-for-sale debt 5,175,803 5,175,803 140,723 5,028,714 6,366 Held-to-maturity debt securities (amortized cost) 359,169 Less: ACL on held-to-maturity debt securities (2,250) Held-to-maturity debt securities, net of ACL $ 356,919 342,851 - 232,719 110,132 Equity securities (amortized cost) 43,908 43,908 - 43,908 (1) - Other equity securities (fair value) 4,775 4,775 4,775 - - Loans held for sale (lower of cost or market) 8,961 8,961 - 8,961 - Loans held for investment (amortized cost) 11,950,932 Less: ACL for loans and finance leases (263,615) Loans held for investment, net of ACL $ 11,687,317 11,566,106 - - 11,566,106 MSRs (amortized cost) 27,601 45,114 - - 45,114 Derivative assets (fair value) 360 360 - 360 - Liabilities: Deposits (amortized cost) $ 16,435,237 $ 16,447,189 $ - $ 16,447,189 $ - Advances from the FHLB (amortized cost): 500,000 491,505 - 491,505 - Other long-term borrowings (amortized cost) 161,700 159,549 - - 159,549 Derivative liabilities (fair value) 170 170 - 170 - (1) Includes FHLB stock with a carrying value of $ 34.6 (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 | 9 Months Ended |
Sep. 30, 2023 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
REVENUE FROM CONTRACTS WITH CUSTOMERS | 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, 2023 and 2022: Quarter ended September 30,2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 18,279 $ 147,066 $ 13,212 $ (4,055) $ 19,749 $ 5,477 $ 199,728 Service charges and fees on deposit accounts - 5,286 3,406 - 155 705 9,552 Insurance commissions - 2,596 - - 68 126 2,790 Merchant-related income - 2,156 - - 19 319 2,494 Credit and debit card fees - 7,826 24 - 4 493 8,347 Other service charges and fees 50 1,262 853 - 615 163 2,943 Not in scope of ASC Topic 2,971 1,044 185 (3) (14) (13) 4,170 3,021 20,170 4,468 (3) 847 1,793 30,296 Total Revenue $ 21,300 $ 167,236 $ 17,680 $ (4,058) $ 20,596 $ 7,270 $ 230,024 Quarter ended September 30,2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 24,338 $ 118,408 $ 22,861 $ 14,827 $ 21,494 $ 5,982 $ 207,910 Service charges and fees on deposit accounts - 5,744 3,169 - 151 756 9,820 Insurance commissions - 2,485 - - 16 123 2,624 Merchant-related income - 1,458 347 - 32 330 2,167 Credit and debit card fees - 7,209 21 - (2) 439 7,667 Other service charges and fees 85 1,228 340 - 595 195 2,443 Not in scope of ASC Topic (1) 3,648 997 399 33 (19) (86) 4,972 Total non-interest 3,733 19,121 4,276 33 773 1,757 29,693 Total Revenue $ 28,071 $ 137,529 $ 27,137 $ 14,860 $ 22,267 $ 7,739 $ 237,603 Nine-Month Period Ended September 30,2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 61,427 $ 427,407 $ 41,085 $ (7,502) $ 60,369 $ 17,642 $ 600,428 Service charges and fees on deposit accounts - 15,859 9,886 - 492 2,143 28,380 Insurance commissions - 9,700 - - 175 509 10,384 Merchant-related income - 6,454 - - 87 1,172 7,713 Credit and debit card fees - 23,581 74 - 16 1,510 25,181 Other service charges and fees 244 3,922 2,801 - 1,858 714 9,539 Not in scope of ASC Topic 8,913 2,909 4,027 1,837 221 (19) 17,888 9,157 62,425 16,788 1,837 2,849 6,029 99,085 Total Revenue $ 70,584 $ 489,832 $ 57,873 $ (5,665) $ 63,218 $ 23,671 $ 699,513 Nine-Month Period Ended September 30,2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 76,452 $ 310,351 $ 94,655 $ 33,702 $ 56,664 $ 17,896 $ 589,720 Service charges and fees on deposit accounts - 16,778 9,214 - 446 2,211 28,649 Insurance commissions - 10,176 - - 65 604 10,845 Merchant-related income - 4,991 1,101 - 54 1,046 7,192 Credit and debit card fees - 21,271 58 - (6) 1,298 22,621 Other service charges and fees 287 4,404 2,329 - 1,579 509 9,108 Not in scope of ASC Topic 12,865 1,747 576 (130) 57 (38) 15,077 13,152 59,367 13,278 (130) 2,195 5,630 93,492 Total Revenue $ 89,604 $ 369,718 $ 107,933 $ 33,572 $ 58,859 $ 23,526 $ 683,212 (1) Most of the Corporation's revenue is not within the scope of ASC Topic 606. The guidance explicitly excludes net interest income from financial assets and liabilities, as well as other non-interest income from loans, leases, investment securities and derivative financial instruments. For the of ASC Topic 606 was related 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 2022: Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Beginning balance $ 608 $ 1,049 $ 841 $ 1,443 (81) (104) (314) (498) Ending balance $ 527 $ 945 $ 527 $ 945 As of September 30, 2023 and 2022, there were no contract assets recorded Other Except for the 2023. estimates in recognizing revenue for financial reporting purposes. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 9 Months Ended |
Sep. 30, 2023 | |
SEGMENT INFORMATION [Abstract] | |
SEGMENT INFORMATION | NOTE 20 – SEGMENT INFORMATION Based upon segments market, six reportable segments: Mortgage Banking; United structure organizational considered in the 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) Quarter ended September 30,2023: Interest income $ 31,208 $ 90,976 $ 68,138 $ 32,146 $ 33,560 $ 7,377 $ 263,405 Net (charge) credit for transfer of funds (12,929) 96,836 (54,926) (27,817) (1,164) - - Interest expense - (40,746) - (8,384) (12,647) (1,900) (63,677) Net interest income (loss) 18,279 147,066 13,212 (4,055) 19,749 5,477 199,728 Provision for credit losses - (benefit) expense (3,288) 13,707 (7,235) 32 873 307 4,396 Non-interest income (loss) 3,021 20,170 4,468 (3) 847 1,793 30,296 Direct non-interest expenses 5,201 43,431 9,658 958 8,535 6,647 74,430 $ 19,387 $ 110,098 $ 15,257 $ (5,048) $ 11,188 $ 316 $ 151,198 Average earnings assets $ 2,127,641 $ 3,336,158 $ 3,769,370 $ 6,382,276 $ 2,041,662 $ 406,499 $ 18,063,606 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended September 30,2022: Interest income $ 32,349 $ 77,576 $ 53,506 $ 28,203 $ 24,804 $ 6,245 $ 222,683 Net (charge) credit for transfer of funds (8,011) 47,577 (30,645) (8,447) (474) - - Interest expense - (6,745) - (4,929) (2,836) (263) (14,773) Net interest income 24,338 118,408 22,861 14,827 21,494 5,982 207,910 Provision for credit losses - expense (benefit) 2,092 16,705 (3,519) (12) (624) 1,141 15,783 Non-interest income 3,733 19,121 4,276 33 773 1,757 29,693 Direct non-interest expenses 6,489 42,080 9,295 942 8,479 7,097 74,382 $ 19,490 $ 78,744 $ 21,361 $ 13,930 $ 14,412 $ (499) $ 147,438 Average earnings assets $ 2,211,675 $ 2,974,894 $ 3,622,907 $ 7,095,503 $ 2,040,656 $ 365,743 $ 18,311,378 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2023 Interest income $ 94,720 $ 261,139 $ 195,837 $ 89,140 $ 96,772 $ 20,397 $ 758,005 Net (charge) credit for transfer of funds (33,293) 260,715 (154,752) (70,095) (2,575) - - Interest expense - (94,447) - (26,547) (33,828) (2,755) (157,577) Net interest income (loss) 61,427 427,407 41,085 (7,502) 60,369 17,642 600,428 Provision for credit losses - (benefit) expense (7,623) 42,600 (2,096) 7 9,545 (305) 42,128 Non-interest income 9,157 62,425 16,788 1,837 2,849 6,029 99,085 Direct non-interest expenses 15,821 126,872 28,363 2,828 25,341 20,203 219,428 $ 62,386 $ 320,360 $ 31,606 $ (8,500) $ 28,332 $ 3,773 $ 437,957 Average earnings assets $ 2,147,521 $ 3,251,286 $ 3,751,359 $ 6,321,540 $ 2,049,281 $ 381,655 $ 17,902,642 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2022 Interest income $ 98,625 $ 221,500 $ 148,046 $ 77,530 $ 64,742 $ 18,719 $ 629,162 Net (charge) credit for transfer of funds (22,173) 105,898 (53,391) (29,101) (1,233) - - Interest expense - (17,047) - (14,727) (6,845) (823) (39,442) Net interest income 76,452 310,351 94,655 33,702 56,664 17,896 589,720 Provision for credit losses - (benefit) expense (5,216) 42,904 (20,611) (435) (5,849) 1,191 11,984 Non-interest income (loss) 13,152 59,367 13,278 (130) 2,195 5,630 93,492 Direct non-interest expenses 19,076 121,897 27,202 2,732 25,195 20,835 216,937 $ 75,744 $ 204,917 $ 101,342 $ 31,275 $ 39,513 $ 1,500 $ 454,291 Average earnings assets $ 2,249,203 $ 2,865,610 $ 3,654,906 $ 7,642,121 $ 2,047,375 $ 371,468 $ 18,830,683 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Net income: Total income for segments $ 151,198 $ 147,438 $ 437,957 $ 454,291 Other operating expenses 42,208 40,807 125,395 113,237 Income before income taxes 108,990 106,631 312,562 341,054 Income tax expense 26,968 32,028 89,187 109,156 $ 82,022 $ 74,603 $ 223,375 $ 231,898 Average assets: Total average earning assets for segments $ 18,063,606 $ 18,311,378 $ 17,902,642 $ 18,830,683 Average non-earning assets 832,374 835,740 845,837 873,911 $ 18,895,980 $ 19,147,118 $ 18,748,479 $ 19,704,594 (1) Expenses pertaining to corporate administrative functions that support financial results of the operating segments. The unallocated |
SUPPLEMENTAL STATEMENT OF CASH
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION | 9 Months Ended |
Sep. 30, 2023 | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION [Abstract] | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION | NOTE 21 – SUPPLEMENTAL Supplemental statement of cash flows information is as follows for the Nine-Month Period Ended September 30, 2023 2022 (In thousands) Cash paid for: $ 143,792 $ 41,205 88,258 22,943 12,939 13,759 Non-cash investing and financing activities: 14,951 13,653 48,245 33,119 1,839 2,637 100,735 113,757 3,255 3,893 3,042 2,297 1,310 467 |
REGULATORY MATTERS, COMMITMENTS
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2023 | |
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Abstract] | |
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES | NOTE 22 – REGULATORY Regulatory Matters The agencies. Failure by regulators Under capital sheet items to qualitative judgments and and regulatory capital ratios a does not believe that any condition has changed or event has occurred that would 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 period of $ 32.4 25 % of interim 32.4 remainder of capital to address of 2023, although the nature and impact of such actions cannot be predicted The reflects 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 September 30,2023 Total Capital (to Risk-Weighted $ 2,385,079 18.84 % $ 1,012,868 8.0 % N/A N/A % $ 2,335,546 18.45 % $ 1,012,710 8.0 % $ 1,265,888 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,069,675 16.35 % $ 569,738 4.5 % N/A N/A % $ 2,077,017 16.41 % $ 569,649 4.5 % $ 822,827 6.5 % Tier I Capital (to Risk-Weighted $ 2,069,675 16.35 % $ 759,651 6.0 % N/A N/A % $ 2,177,017 17.20 % $ 759,533 6.0 % $ 1,012,710 8.0 % Leverage ratio $ 2,069,675 10.57 % $ 783,163 4.0 % N/A N/A % $ 2,177,017 11.12 % $ 782,913 4.0 % $ 978,641 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 September 30, 2023, commitments to extend credit amounted to 2.0 961.1 credit card loans. $ 72.1 Contingencies As of 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 Following the May 2023 those impact to its future operating results. |
FIRST BANCORP. (Holding Company
FIRST BANCORP. (Holding Company Only) Financial Information | 9 Months Ended |
Sep. 30, 2023 | |
FIRST BANCORP. (Holding Company Only) Financial Information [Abstract] | |
FIRST BANCORP. (Holding Company Only) Financial Information | NOTE 23- FIRST BANCORP. The following as September 30, 2023 and 2022: Statements of Financial Condition As of September 30, As of December 31, 2023 2022 (In thousands) Assets Cash and due from banks $ 34,804 $ 19,279 Other investment securities 735 735 Investment in First Bank Puerto Rico, at equity 1,410,410 1,464,026 Investment in First Bank Insurance Agency, 23,596 28,770 Investment in FBP Statutory Trust I 1,289 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 715 624 Other assets 577 430 $ 1,475,687 $ 1,519,376 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 161,700 $ 183,762 Accounts payable and other liabilities 10,919 10,074 172,619 193,836 Stockholders’ equity 1,303,068 1,325,540 $ 1,475,687 $ 1,519,376 Statements of Income Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Income $ 77 $ 19 $ 187 $ 33 82,178 49,728 239,980 292,000 - - 12,000 - - - 1,605 - 101 68 304 159 82,356 49,815 254,076 292,192 Expense 3,345 2,273 10,135 5,304 452 422 1,324 1,295 3,797 2,695 11,459 6,599 Income before income taxes and equity in undistributed 78,559 47,120 242,617 285,593 Income tax expense 745 735 2,606 2,634 Equity in undistributed earnings of subsidiaries 4,208 28,218 (16,636) (51,061) Net income $ 82,022 $ 74,603 $ 223,375 $ 231,898 Other comprehensive loss, net of tax (78,976) (270,937) (46,585) (778,694) Comprehensive income (loss) $ 3,046 $ (196,334) $ 176,790 $ (546,796) |
BASIS OF PRESENTATION AND SIG_2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Principles of consolidation [Policy Text Block] | The Consolidated consolidated financial stated consolidated financial report. accepted accounting principles in the United States of America to consolidated financial statements, which are included in the 2022 Annual Report on Form 10-K. All adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, of operations and cash flows eliminated in consolidation. The Corporation evaluates subsequent events through |
Adoption of New Accounting Requirements And Recently Issued Accounting Standards Not Yet Effective or Not Yet Adopted [Policy Text Block] | Adoption of New Accounting Requirements ASU 2022-02, Effective requirements financial difficulty regardless of to require disclosure of gross charge-offs by year of origination. Prior to adoption, modifications given to borrowers experiencing financial difficulty experiencing financial difficulty for principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, a term extension, or any combination of these types of loan modifications in the current period need to and difficulties. The experiencing financial difficulties for all within characteristics of 2.1 earnings of approximately $ 1.3 given to borrowers experiencing financial difficulty those made to loans held-for-sale and leases are The Corporation was not impacted by the adoption ● ASU 2022-01, “Derivatives and Hedging ● ASU 2021-08, “Business With Customers” Recently Issued Accounting Standards Not Yet The Corporation does not expect to be impacted by the following ASUs adopted: ● ASU Simplification Initiative” ● ASU 2023-05, “Business Combinations – Joint Venture ● ASU Structures Using the Proportional Amortization Method” ● ASU 2023-01, “Leases (Topic For Significant Accounting Policies, to the audited consolidated financial |
DEBT SECURITIES (Tables)
DEBT SECURITIES (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2023 2022 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 350 $ 433 $ 290 $ 386 $ 676 Provision for credit losses - expense (benefit) - 32 32 - (12) (12) $ 83 $ 382 $ 465 $ 290 $ 374 $ 664 Nine-Month Period Ended September 30, 2023 2022 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 83 $ 375 $ 458 $ 797 $ 308 $ 1,105 Provision for credit losses - expense (benefit) - 7 7 (501) 66 (435) Net charge-offs - - - (6) - (6) $ 83 $ 382 $ 465 $ 290 $ 374 $ 664 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Puerto Rico Municipal Bonds Quarter Ended September 30, 2023 2022 (In thousands) Beginning Balance $ 8,401 $ 8,885 Provision for credit losses - benefit (6,151) (628) ACL on held-to-maturity debt securities $ 2,250 $ 8,257 Puerto Rico Municipal Bonds Nine-Month Period Ended September 30, 2023 2022 (In thousands) Beginning Balance $ 8,286 $ 8,571 Provision for credit losses - benefit (6,036) (314) ACL on held-to-maturity debt securities $ 2,250 $ 8,257 |
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 September 30, 2023 September 30, 2023 Amortized cost (1) (2) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: Due within one year $ 3,159 $ 15 $ 23 $ 3,151 $ 46 9.30 After 1 to 5 years 51,133 1,052 1,111 51,074 1,320 7.71 After 5 to 10 years 35,831 3,540 271 39,100 605 7.05 After 10 years 16,595 212 - 16,807 279 8.75 Total Puerto Rico municipal bonds 106,718 4,819 1,405 110,132 2,250 7.70 MBS: FHLMC certificates: After 5 to 10 years 17,580 - 1,131 16,449 - 3.03 After 10 years 18,740 - 1,689 17,051 - 4.34 36,320 - 2,820 33,500 - 3.70 GNMA certificates: After 10 years 16,786 - 1,414 15,372 - 3.35 FNMA certificates: After 10 years 68,388 - 5,902 62,486 - 4.17 CMOs issued or guaranteed by After 10 years 29,156 - 1,898 27,258 - 3.49 Total Residential MBS 150,650 - 12,034 138,616 - 3.84 After 1 to 5 years 9,489 - 516 8,973 - 3.48 After 10 years 92,312 - 7,182 85,130 - 3.15 Total Commercial MBS 101,801 - 7,698 94,103 - 3.18 Total MBS 252,451 - 19,732 232,719 - 3.57 Total held-to-maturity debt securities $ 359,169 $ 4,819 $ 21,137 $ 342,851 $ 2,250 4.80 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 2.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 179.9 174.9 December 31, 2022 Amortized cost (1) (2) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: Due within one year $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 After 1 to 5 years 42,530 886 1,076 42,340 656 6.34 After 5 to 10 years 55,956 3,182 360 58,778 3,243 6.29 After 10 years 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 issued or guaranteed by 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 excluded from the estimate of credit losses. (2) Includes $ 190.1 189.4 |
Schedule of Unrealized Loss on Investments [Table Text Block] | The aggregated September 30, 2023 and December 31, 2022, including debt securities for As of September 30, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 34,244 $ 1,405 $ 34,244 $ 1,405 - - 33,500 2,820 33,500 2,820 - - 15,372 1,414 15,372 1,414 - - 62,486 5,902 62,486 5,902 - - 27,258 1,898 27,258 1,898 - - 94,103 7,698 94,103 7,698 Total held-to-maturity debt securities $ - $ - $ 266,963 $ 21,137 $ 266,963 $ 21,137 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) $ - $ - $ 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 September 30, 2023 were September 30, 2023 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 47,585 $ - $ 1,313 $ - $ 46,272 0.54 100,671 - 6,220 - 94,451 0.74 U.S. government-sponsored entities (“GSEs”) obligations: 271,134 - 7,334 - 263,800 0.73 2,225,242 55 201,084 - 2,024,213 0.84 10,097 - 1,158 - 8,939 2.95 10,621 18 1 - 10,638 5.65 Puerto Rico government obligations: (3) 3,204 - 1,374 382 1,448 - United States and Puerto Rico government obligations 2,668,554 73 218,484 382 2,449,761 0.84 Mortgage-backed securities (“MBS”): 21,356 - 1,205 - 20,151 2.06 160,407 - 18,393 - 142,014 1.55 1,013,862 - 211,720 - 802,142 1.40 1,195,625 - 231,318 - 964,307 1.43 19,559 - 1,207 - 18,352 1.27 28,587 - 3,127 - 25,460 1.59 212,835 - 33,476 - 179,359 2.58 260,981 - 37,810 - 223,171 2.38 35,343 - 1,992 - 33,351 2.11 307,379 - 35,138 - 272,241 1.70 1,072,667 - 207,428 - 865,239 1.36 1,415,389 - 244,558 - 1,170,831 1.45 280,056 - 62,888 - 217,168 1.54 7,311 - 2,310 83 4,918 7.73 Total Residential MBS 3,159,362 - 578,884 83 2,580,395 1.54 44,111 - 8,631 - 35,480 2.18 25,522 - 4,067 - 21,455 2.13 123,523 - 34,811 - 88,712 1.36 Total Commercial MBS 193,156 - 47,509 - 145,647 1.65 Total MBS 3,352,518 - 626,393 83 2,726,042 1.55 Total available-for-sale debt securities $ 6,021,072 $ 73 $ 844,877 $ 465 $ 5,175,803 1.24 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 521.3 587.0 2.8 3.2 uninsured portion of government deposits. The secured parties are not permitted to sell or repledge the collateral. (3) 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: (3) 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 CMOs issued or guaranteed by the FHLMC, FNMA, 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) Includes $ 250.6 286.5 2.4 2.8 uninsured portion of government deposits. The secured parties are not permitted to sell or repledge the collateral. (3) 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 September 30, 2023 and December 31, 2022. The tables also include debt As of September 30, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 3,204 $ 5 $ 2,430,083 $ 217,105 $ 2,433,287 $ 217,110 - - 1,448 1,374 (1) 1,448 1,374 12 1 964,295 231,317 964,307 231,318 22,811 1,220 200,360 36,590 223,171 37,810 9,195 191 1,161,636 244,367 1,170,831 244,558 - - 217,168 62,888 217,168 62,888 - - 4,918 2,310 (1) 4,918 2,310 11,509 202 134,138 47,307 145,647 47,509 $ 46,731 $ 1,619 $ 5,114,046 $ 843,258 $ 5,160,777 $ 844,877 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 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) $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 - - 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 |
LOANS HELD FOR INVESTMENT (Tabl
LOANS HELD FOR INVESTMENT (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | The geographic locations As of September 30, As of December 31, 2023 2022 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,353,679 $ 2,417,900 Construction loans 102,327 34,772 Commercial mortgage loans 1,780,008 1,834,204 Commercial and Industrial ("C&I") loans 2,088,274 1,860,109 Consumer loans 3,582,001 3,317,489 Loans held for investment $ 9,906,289 $ 9,464,474 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 458,952 $ 429,390 Construction loans 100,447 98,181 Commercial mortgage loans 536,105 524,647 C&I loans 942,680 1,026,154 Consumer loans 6,459 9,979 Loans held for investment $ 2,044,643 $ 2,088,351 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,812,631 $ 2,847,290 Construction loans 202,774 132,953 Commercial mortgage loans 2,316,113 2,358,851 C&I loans (1) 3,030,954 2,886,263 Consumer loans 3,588,460 3,327,468 Loans held for investment (2) 11,950,932 11,552,825 ACL on loans and finance leases (263,615) (260,464) Loans held for investment, net $ 11,687,317 $ 11,292,361 (1) As of September 30, 2023 and December 31, 2022, includes 807.6 838.5 and for which the primary source of repayment at origination was (2) Includes accretable fair value net purchase discounts of $ 25.8 29.3 |
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] | The Corporation’s portfolio classes as of September 30, 2023 and December 31, 2022 are as follows: As of September 30, 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) $ 69,175 $ - $ 2,754 $ 32,167 $ - $ 104,096 $ - (2) (6) 2,633,303 - 31,328 11,958 31,946 2,708,535 1,910 Commercial loans: (6) 199,293 1,834 - 7 1,640 202,774 973 (2) (6) 2,290,012 930 1,166 2,373 21,632 2,316,113 5,458 2,998,999 441 1,956 10,749 18,809 3,030,954 1,523 Consumer loans: 1,826,679 52,755 10,648 - 13,103 1,903,185 102 816,251 10,421 2,346 - 2,522 831,540 - 367,428 5,708 2,840 - 1,874 377,850 - 308,519 4,563 3,230 5,638 - 321,950 - 148,251 2,399 1,647 - 1,638 153,935 1 $ 11,657,910 $ 79,051 $ 57,915 $ 62,892 $ 93,164 $ 11,950,932 $ 9,967 (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 $ 17.4 (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 $ 8.9 8.0 0.9 in 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 $ 8.5 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.7 (5) There were no (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, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of September 30, 2023 amounted to $ 6.9 65.5 million, $ 1.0 0.1 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 as of December 31, 2022. (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] | Based on origination year ended September by portfolio classes based on the internal credit-risk category as of December As of September 30, 2023 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 $ 44,895 $ 36,361 $ 14,939 $ - $ - $ 3,824 $ - $ 100,019 $ 31,879 - - - - - - - - - - - - - - 2,308 - 2,308 2,893 - - - - - - - - - - - - - - - - - - $ 44,895 $ 36,361 $ 14,939 $ - $ - $ 6,132 $ - $ 102,327 $ 34,772 $ - $ - $ - $ - $ - $ 42 $ - $ 42 COMMERCIAL MORTGAGE $ 118,701 $ 382,403 $ 138,404 $ 318,372 $ 278,814 $ 355,823 $ 1,153 $ 1,593,670 $ 1,655,728 - 4,438 - 33,670 - 112,829 - 150,937 145,415 - 127 - - 2,825 31,639 - 34,591 33,061 - - - - - 810 - 810 - - - - - - - - - - $ 118,701 $ 386,968 $ 138,404 $ 352,042 $ 281,639 $ 501,101 $ 1,153 $ 1,780,008 $ 1,834,204 $ - $ - $ - $ - $ - $ 107 $ - $ 107 C&I $ 216,614 $ 293,433 $ 165,637 $ 171,386 $ 284,636 $ 188,691 $ 697,937 $ 2,018,334 $ 1,789,572 546 - - - 492 2,469 33,448 36,955 43,224 1 - 385 617 13,439 18,178 365 32,985 27,313 - - - - - - - - - - - - - - - - - - $ 217,161 $ 293,433 $ 166,022 $ 172,003 $ 298,567 $ 209,338 $ 731,750 $ 2,088,274 $ 1,860,109 $ - $ - $ - $ - $ - $ 218 $ 57 $ 275 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 787 $ 54,329 $ 39,004 $ - $ - $ - $ 236 $ 94,356 $ 98,181 - - 6,091 - - - - 6,091 - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 787 $ 54,329 $ 45,095 $ - $ - $ - $ 236 $ 100,447 $ 98,181 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 22,043 $ 185,268 $ 63,924 $ 40,330 $ 50,661 $ 119,451 $ 29,008 $ 510,685 $ 503,184 - - - - 13,080 11,172 - 24,252 20,295 - - - 1,168 - - - 1,168 1,168 - - - - - - - - - - - - - - - - - - $ 22,043 $ 185,268 $ 63,924 $ 41,498 $ 63,741 $ 130,623 $ 29,008 $ 536,105 $ 524,647 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 80,515 $ 271,894 $ 172,186 $ 57,897 $ 135,159 $ 54,973 $ 122,583 $ 895,207 $ 979,151 - - 19,532 - 11,878 11,169 - 42,579 17,905 - - - 632 191 3,185 - 4,008 29,098 - - - - - 886 - 886 - - - - - - - - - - $ 80,515 $ 271,894 $ 191,718 $ 58,529 $ 147,228 $ 70,213 $ 122,583 $ 942,680 $ 1,026,154 $ - $ - $ - $ - $ - $ 6,202 $ - $ 6,202 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 45,682 $ 90,690 $ 53,943 $ - $ - $ 3,824 $ 236 $ 194,375 $ 130,060 - - 6,091 - - - - 6,091 - - - - - - 2,308 - 2,308 2,893 - - - - - - - - - - - - - - - - - - $ 45,682 $ 90,690 $ 60,034 $ - $ - $ 6,132 $ 236 $ 202,774 $ 132,953 $ - $ - $ - $ - $ - $ 42 $ - $ 42 COMMERCIAL MORTGAGE $ 140,744 $ 567,671 $ 202,328 $ 358,702 $ 329,475 $ 475,274 $ 30,161 $ 2,104,355 $ 2,158,912 - 4,438 - 33,670 13,080 124,001 - 175,189 165,710 - 127 - 1,168 2,825 31,639 - 35,759 34,229 - - - - - 810 - 810 - - - - - - - - - - $ 140,744 $ 572,236 $ 202,328 $ 393,540 $ 345,380 $ 631,724 $ 30,161 $ 2,316,113 $ 2,358,851 $ - $ - $ - $ - $ - $ 107 $ - $ 107 C&I $ 297,129 $ 565,327 $ 337,823 $ 229,283 $ 419,795 $ 243,664 $ 820,520 $ 2,913,541 $ 2,768,723 546 - 19,532 - 12,370 13,638 33,448 79,534 61,129 1 - 385 1,249 13,630 21,363 365 36,993 56,411 - - - - - 886 - 886 - - - - - - - - - - $ 297,676 $ 565,327 $ 357,740 $ 230,532 $ 445,795 $ 279,551 $ 854,333 $ 3,030,954 $ 2,886,263 $ - $ - $ - $ - $ - $ 6,420 $ 57 $ 6,477 (1) Excludes accrued interest receivable. The following accrual year, and the amortized cost of residential mortgage As of September 30, 2023 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 $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,007 $ - $ 103,132 $ 117,416 Non-Performing - - - - - - - - - Total FHA/VA $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,007 $ - $ 103,132 $ 117,416 Conventional residential mortgage loans: Accrual Status: Performing $ 114,791 $ 168,507 $ 69,903 $ 30,088 $ 44,999 $ 1,797,010 $ - $ 2,225,298 $ 2,265,013 Non-Performing - - 35 - 174 25,040 - 25,249 35,471 Total conventional residential mortgage loans $ 114,791 $ 168,507 $ 69,938 $ 30,088 $ 45,173 $ 1,822,050 $ - $ 2,250,547 $ 2,300,484 Total: Accrual Status: Performing $ 115,011 $ 169,193 $ 71,358 $ 30,748 $ 46,103 $ 1,896,017 $ - $ 2,328,430 $ 2,382,429 Non-Performing - - 35 - 174 25,040 - 25,249 35,471 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 115,011 $ 169,193 $ 71,393 $ 30,748 $ 46,277 $ 1,921,057 $ - $ 2,353,679 $ 2,417,900 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 2,619 $ - $ 2,622 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ - $ - $ - $ - $ - $ 964 $ - $ 964 $ 742 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 964 $ - $ 964 $ 742 Conventional residential mortgage loans: Accrual Status: Performing $ 71,543 $ 78,806 $ 47,891 $ 29,868 $ 27,387 $ 195,796 $ - $ 451,291 $ 421,347 Non-Performing - 16 - - 257 6,424 - 6,697 7,301 Total conventional residential mortgage loans $ 71,543 $ 78,822 $ 47,891 $ 29,868 $ 27,644 $ 202,220 $ - $ 457,988 $ 428,648 Total: Accrual Status: Performing $ 71,543 $ 78,806 $ 47,891 $ 29,868 $ 27,387 $ 196,760 $ - $ 452,255 $ 422,089 Non-Performing - 16 - - 257 6,424 - 6,697 7,301 Total residential mortgage loans in Florida region $ 71,543 $ 78,822 $ 47,891 $ 29,868 $ 27,644 $ 203,184 $ - $ 458,952 $ 429,390 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ 6 $ - $ 6 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,971 $ - $ 104,096 $ 118,158 Non-Performing - - - - - - - - - Total FHA/VA $ 220 $ 686 $ 1,455 $ 660 $ 1,104 $ 99,971 $ - $ 104,096 $ 118,158 Conventional residential mortgage loans: Accrual Status: Performing $ 186,334 $ 247,313 $ 117,794 $ 59,956 $ 72,386 $ 1,992,806 $ - $ 2,676,589 $ 2,686,360 Non-Performing - 16 35 - 431 31,464 - 31,946 42,772 Total conventional residential mortgage loans $ 186,334 $ 247,329 $ 117,829 $ 59,956 $ 72,817 $ 2,024,270 $ - $ 2,708,535 $ 2,729,132 Total: Accrual Status: Performing $ 186,554 $ 247,999 $ 119,249 $ 60,616 $ 73,490 $ 2,092,777 $ - $ 2,780,685 $ 2,804,518 Non-Performing - 16 35 - 431 31,464 - 31,946 42,772 Total residential mortgage loans $ 186,554 $ 248,015 $ 119,284 $ 60,616 $ 73,921 $ 2,124,241 $ - $ 2,812,631 $ 2,847,290 Charge-offs on residential mortgage loans $ - $ - $ - $ 3 $ - $ 2,625 $ - $ 2,628 (1) Excludes accrued interest receivable. The status as by origination year, and the amortized As of September 30, 2023 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: Auto loans: Accrual Status: Performing $ 483,036 $ 567,954 $ 414,852 $ 195,698 $ 149,360 $ 77,639 $ - $ 1,888,539 $ 1,783,782 Non-Performing 1,271 3,122 2,654 1,407 2,472 2,141 - 13,067 10,596 Total auto loans $ 484,307 $ 571,076 $ 417,506 $ 197,105 $ 151,832 $ 79,780 $ - $ 1,901,606 $ 1,794,378 Charge-offs on auto loans $ 630 $ 5,420 $ 3,412 $ 1,391 $ 1,811 $ 1,237 $ - $ 13,901 Finance leases: Accrual Status: Performing $ 243,524 $ 258,990 $ 162,169 $ 70,224 $ 60,539 $ 33,572 $ - $ 829,018 $ 716,585 Non-Performing 7 741 466 434 305 569 - 2,522 1,645 Total finance leases $ 243,531 $ 259,731 $ 162,635 $ 70,658 $ 60,844 $ 34,141 $ - $ 831,540 $ 718,230 Charge-offs on finance leases $ 172 $ 1,182 $ 921 $ 419 $ 446 $ 579 $ - $ 3,719 Personal loans: Accrual Status: Performing $ 133,568 $ 133,763 $ 37,159 $ 19,132 $ 33,558 $ 18,492 $ - $ 375,672 $ 351,664 Non-Performing 162 1,146 196 71 161 138 - 1,874 1,248 Total personal loans $ 133,730 $ 134,909 $ 37,355 $ 19,203 $ 33,719 $ 18,630 $ - $ 377,546 $ 352,912 Charge-offs on personal loans $ 242 $ 5,765 $ 2,137 $ 892 $ 1,812 $ 1,077 $ - $ 11,925 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 13,294 $ 13,294 Other consumer loans: Accrual Status: Performing $ 69,063 $ 40,513 $ 11,921 $ 6,396 $ 6,377 $ 4,442 $ 9,071 $ 147,783 $ 139,116 Non-Performing 323 671 184 52 91 160 95 1,576 1,122 Total other consumer loans $ 69,386 $ 41,184 $ 12,105 $ 6,448 $ 6,468 $ 4,602 $ 9,166 $ 149,359 $ 140,238 Charge-offs on other consumer loans $ 662 $ 5,418 $ 1,853 $ 446 $ 851 $ 297 $ 354 $ 9,881 Total: Performing $ 929,191 $ 1,001,220 $ 626,101 $ 291,450 $ 249,834 $ 134,145 $ 331,021 $ 3,562,962 $ 3,302,878 Non-Performing 1,763 5,680 3,500 1,964 3,029 3,008 95 19,039 14,611 Total consumer loans in Puerto Rico and Virgin Islands region $ 930,954 $ 1,006,900 $ 629,601 $ 293,414 $ 252,863 $ 137,153 $ 331,116 $ 3,582,001 $ 3,317,489 Charge-offs on total consumer loans $ 1,706 $ 17,785 $ 8,323 $ 3,148 $ 4,920 $ 3,190 $ 13,648 $ 52,720 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ - $ - $ - $ - $ 187 $ 1,356 $ - $ 1,543 $ 3,617 Non-Performing - - - - - 36 - 36 76 Total auto loans $ - $ - $ - $ - $ 187 $ 1,392 $ - $ 1,579 $ 3,693 Charge-offs on auto loans $ - $ - $ - $ - $ 23 $ 263 $ - $ 286 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 231 $ - $ 71 $ 2 $ - $ - $ - $ 304 $ 334 Non-Performing - - - - - - - - - Total personal loans $ 231 $ - $ 71 $ 2 $ - $ - $ - $ 304 $ 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 $ 55 $ 47 $ 225 $ 451 $ - $ 2,295 $ 1,441 $ 4,514 $ 5,833 Non-Performing - - - - - 20 42 62 119 Total other consumer loans $ 55 $ 47 $ 225 $ 451 $ - $ 2,315 $ 1,483 $ 4,576 $ 5,952 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total: Performing $ 286 $ 47 $ 296 $ 453 $ 187 $ 3,651 $ 1,441 $ 6,361 $ 9,784 Non-Performing - - - - - 56 42 98 195 Total consumer loans in Florida region $ 286 $ 47 $ 296 $ 453 $ 187 $ 3,707 $ 1,483 $ 6,459 $ 9,979 Charge-offs on total consumer loans $ - $ - $ - $ - $ 23 $ 263 $ - $ 286 (1) Excludes accrued interest receivable. As of September 30, 2023 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 $ 483,036 $ 567,954 $ 414,852 $ 195,698 $ 149,547 $ 78,995 $ - $ 1,890,082 $ 1,787,399 Non-Performing 1,271 3,122 2,654 1,407 2,472 2,177 - 13,103 10,672 Total auto loans $ 484,307 $ 571,076 $ 417,506 $ 197,105 $ 152,019 $ 81,172 $ - $ 1,903,185 $ 1,798,071 Charge-offs on auto loans $ 630 $ 5,420 $ 3,412 $ 1,391 $ 1,834 $ 1,500 $ - $ 14,187 Finance leases: Accrual Status: Performing $ 243,524 $ 258,990 $ 162,169 $ 70,224 $ 60,539 $ 33,572 $ - $ 829,018 $ 716,585 Non-Performing 7 741 466 434 305 569 - 2,522 1,645 Total finance leases $ 243,531 $ 259,731 $ 162,635 $ 70,658 $ 60,844 $ 34,141 $ - $ 831,540 $ 718,230 Charge-offs on finance leases $ 172 $ 1,182 $ 921 $ 419 $ 446 $ 579 $ - $ 3,719 Personal loans: Accrual Status: Performing $ 133,799 $ 133,763 $ 37,230 $ 19,134 $ 33,558 $ 18,492 $ - $ 375,976 $ 351,998 Non-Performing 162 1,146 196 71 161 138 - 1,874 1,248 Total personal loans $ 133,961 $ 134,909 $ 37,426 $ 19,205 $ 33,719 $ 18,630 $ - $ 377,850 $ 353,246 Charge-offs on personal loans $ 242 $ 5,765 $ 2,137 $ 892 $ 1,812 $ 1,077 $ - $ 11,925 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 321,950 $ 321,950 $ 311,731 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 13,294 $ 13,294 Other consumer loans: Accrual Status: Performing $ 69,118 $ 40,560 $ 12,146 $ 6,847 $ 6,377 $ 6,737 $ 10,512 $ 152,297 $ 144,949 Non-Performing 323 671 184 52 91 180 137 1,638 1,241 Total other consumer loans $ 69,441 $ 41,231 $ 12,330 $ 6,899 $ 6,468 $ 6,917 $ 10,649 $ 153,935 $ 146,190 Charge-offs on other consumer loans $ 662 $ 5,418 $ 1,853 $ 446 $ 851 $ 297 $ 354 $ 9,881 Total: Performing $ 929,477 $ 1,001,267 $ 626,397 $ 291,903 $ 250,021 $ 137,796 $ 332,462 $ 3,569,323 $ 3,312,662 Non-Performing 1,763 5,680 3,500 1,964 3,029 3,064 137 19,137 14,806 Total consumer loans $ 931,240 $ 1,006,947 $ 629,897 $ 293,867 $ 253,050 $ 140,860 $ 332,599 $ 3,588,460 $ 3,327,468 Charge-offs on total consumer loans $ 1,706 $ 17,785 $ 8,323 $ 3,148 $ 4,943 $ 3,453 $ 13,648 $ 53,006 (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 September 30, 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 $ 27,341 $ 1,596 $ 68 $ 27,409 $ 1,596 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 12,525 1,651 44,722 57,247 1,651 C&I loans 12,062 2,105 6,649 18,711 2,105 Consumer loans: Personal loans 28 - - 28 - Other consumer loans 162 17 - 162 17 $ 52,118 $ 5,369 $ 52,395 $ 104,513 $ 5,369 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] | Quarter Ended September 30,2023 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 401 $ - $ - $ - $ - $ 401 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 2,225 - - 2,225 0.10% C&I loans - - - 192 - - - 192 0.01% Consumer loans: Auto loans - - - - 74 59 608 (1) 741 0.04% Personal loans - - - - 67 87 - 154 0.04% Credit cards - - - 368 (2) - - - 368 0.11% Other consumer loans - - - - 54 4 4 (1) 62 0.04% $ - $ - $ 401 $ 560 $ 2,420 $ 150 $ 612 $ 4,143 Nine-Month Period Ended September 30,2023 Payment Delay Only Forbearance Payment Plan Trial Modification Interest Rate Reduction Term Extension Combination of Interest Rate Reduction and Term Extension Other Total Percentage of Total by Portfolio Classes (In thousands) Conventional residential mortgage loans $ - $ - $ 610 $ - $ 687 $ 239 $ - $ 1,536 0.05% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 2,225 30,170 - 32,395 1.40% C&I loans - - - 192 185 - - 377 0.01% Consumer loans: Auto loans - - - - 234 153 1,511 (1) 1,898 0.10% Personal loans - - - - 132 165 - 297 0.08% Credit cards - - - 1,033 (2) - - - 1,033 0.32% Other consumer loans - - - - 311 90 28 (1) 429 0.28% $ - $ - $ 610 $ 1,225 $ 3,774 $ 30,817 $ 1,539 $ 37,965 (1) Modification consists of reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings or consumer credit counseling programs unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. The financial 30,2023. from the tables below: Quarter Ended September 30, 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) (In thousands) Conventional residential mortgage loans - % - - % - Construction loans - % - - % - Commercial mortgage loans - % 13 - % - C&I loans 0.45 % - - % - Consumer loans: Auto loans - % 31 2.27 % 25 Personal loans - % 35 3.61 % 41 Credit cards 16.67 % - - % - Other consumer loans - % 22 2.00 % 10 Nine-Month Period Ended September 30, 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) (In thousands) Conventional residential mortgage loans - % 105 2.95 % 105 Construction loans - % - - % - Commercial mortgage loans - % 13 0.25 % 64 C&I loans 0.45 % 72 - % - Consumer loans: Auto loans - % 27 3.10 % 28 Personal loans - % 35 4.29 % 33 Credit cards 16.27 % - - % - Other consumer loans - % 26 1.74 % 23 The following table presents by portfolio classes the performance of loans modified September 30, 2023 that were granted to borrowers experiencing financial Nine-Month Period Ended September 30, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ 71 $ - $ - $ 71 $ 1,465 $ 1,536 Construction loans - - - - - - Commercial mortgage loans - - - - 32,395 32,395 C&I loans - - - - 377 377 Consumer loans: Auto loans 22 - - 22 1,876 1,898 Personal loans 15 - - 15 282 297 Credit cards 149 35 - 184 849 1,033 Other consumer loans 34 17 15 (1) 66 363 429 $ 291 $ 52 $ 15 $ 358 $ 37,607 $ 37,965 (1) Consists of loan modifications that defaulted (failure 30, 2023, and that had been modified after January 1, 2023. Troubled Debt Restructurings 2022-02, difficulties, granted of Significant in during the quarter and nine-month period ended September 30, Quarter Ended September 30,2022 Total 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) TDRs: Conventional residential mortgage loans $ - $ 132 $ - $ - $ 1,022 $ 1,154 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans 495 - - - - 495 Consumer loans: Auto loans 661 42 84 - - 787 Finance leases - 82 - - - 82 Personal loans - 75 58 - - 133 Credit cards 252 (2) - - - - 252 Other consumer loans 10 56 - 19 - 85 Total TDRs $ 1,418 $ 387 $ 142 $ 19 $ 1,022 $ 2,988 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination of (2) Concession consists of reduction in interest rate and revocation Nine-Month Period Ended September 30,2022 Total 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) TDRs: Conventional residential mortgage loans $ 215 $ 1,484 $ 190 $ - $ 3,709 $ 5,598 Construction loans - - - - - - Commercial mortgage loans - 245 5,178 - 467 5,890 C&I loans 895 - - 825 1,083 2,803 Consumer loans: Auto loans 2,120 126 264 - - 2,510 Finance leases - 451 - - 18 469 Personal loans 99 135 84 - - 318 Credit cards 647 (2) - - - - 647 Other consumer loans 93 188 - 37 - 318 Total TDRs $ 4,069 $ 2,629 $ 5,716 $ 862 $ 5,277 $ 18,553 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination of (2) Concession consists of reduction in interest rate and revocation Quarter Ended September 30,2022 Nine-Month Period Ended September 30,2022 Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 12 $ 1,220 $ 1,154 49 $ 5,668 $ 5,598 Construction loans - - - - - - Commercial mortgage loans - - - 3 5,897 5,890 C&I loans 3 495 495 15 3,031 2,803 Consumer loans: 35 790 787 123 2,512 2,510 5 82 82 26 469 469 7 116 133 19 301 318 50 251 252 139 646 647 29 83 85 77 311 318 141 $ 3,037 $ 2,988 451 $ 18,835 $ 18,553 Loan modifications considered both loans during the 12-months preceding the default date, were as follows: Quarter Ended September 30,2022 Nine-Month Period Ended September 30,2022 Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 1 $ 50 5 $ 534 Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans 31 776 75 1,674 Finance leases - - 1 16 Personal loans - - - - Credit cards 14 60 39 201 Other consumer loans 1 2 5 19 Total 47 $ 888 125 $ 2,444 |
ALLOWANCE FOR CREDIT LOSSES F_2
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
ALLOWANCE FOR CREDIT LOSSES FOR 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 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, 2023 (In thousands) ACL: Beginning balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 Provision for credit losses - (benefit) expense (3,349) (642) (1,344) 1,931 14,047 10,643 Charge-offs (499) (4) (1) (9) (19,746) (20,259) Recoveries 534 1,463 75 161 3,940 6,173 Ending balance $ 57,200 $ 5,621 $ 41,157 $ 30,097 $ 129,540 $ 263,615 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended September 30, (In thousands) ACL: Beginning balance $ 65,231 $ 2,020 $ 32,619 $ 36,203 $ 116,079 $ 252,152 Provision for credit losses - expense (benefit) 755 (179) (2,383) (1,228) 17,387 14,352 Charge-offs (1,466) (63) (3) (8) (12,522) (14,062) Recoveries 559 43 57 494 4,264 5,417 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, (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 - (benefit) expense (6,776) 1,420 5,901 3,278 43,846 47,669 Charge-offs (2,628) (42) (107) (6,477) (53,006) (62,260) Recoveries 1,788 1,935 299 383 11,221 15,626 Ending balance $ 57,200 $ 5,621 $ 41,157 $ 30,097 $ 129,540 $ 263,615 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Nine-Month Period Ended September 30, (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (6,913) (2,242) (23,758) (575) 43,516 10,028 Charge-offs (6,073) (123) (42) (366) (32,765) (39,369) Recoveries 3,228 138 1,319 2,118 11,367 18,170 Ending balance $ 65,079 $ 1,821 $ 30,290 $ 35,461 $ 125,208 $ 257,859 The tables below September 30, As of September 30, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,812,631 $ 202,774 $ 2,316,113 $ 3,030,954 $ 3,588,460 $ 11,950,932 57,200 5,621 41,157 30,097 129,540 263,615 2.03 % 2.77 % 1.78 % 0.99 % 3.61 % 2.21 % 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 and nine-month periods ended September 30, 2023 and 2022: Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Beginning Balance $ 4,889 $ 2,171 $ 4,273 $ 1,537 Provision for credit losses - (benefit) expense (128) 2,071 488 2,705 Ending balance $ 4,761 $ 4,242 $ 4,761 $ 4,242 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) OREO balances, carrying value: Residential (1) $ 20,740 $ 24,025 Construction 1,861 1,764 Commercial 5,962 5,852 Total $ 28,563 $ 31,641 (1) Excludes $ 19.6 23.5 of Residential Real condition. |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block] | As of As of September 30, December 31, 2023 2022 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (72,315) (66,644) Net carrying amount $ 15,229 $ 20,900 Remaining amortization period (in years) 6.3 7.0 Purchased credit card relationship intangible: Gross amount $ - $ 3,800 Accumulated amortization - (3,595) Net carrying amount $ - $ 205 Remaining amortization period (in years) - 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) Remaining 2023 $ 1,847 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 (VIEs) AND SERVICING ASSETS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | |
Changes in Servicing Assets [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Balance at beginning of period $ 28,034 $ 30,277 $ 29,037 $ 30,986 Capitalization of servicing assets 601 679 1,839 2,637 Amortization (1,035) (1,247) (3,265) (3,850) Temporary impairment 7 1 12 65 Other (1) (6) (20) (22) (148) Balance at end of period $ 27,601 $ 29,690 $ 27,601 $ 29,690 (1) Mainly represents adjustments related to the repurchase |
Changes in Impairment Allowance [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Balance at beginning of period $ 7 $ 14 $ 12 $ 78 Temporary impairment (7) (1) (12) (65) $ - $ 13 $ - $ 13 |
Components of Net Servicing Income [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Servicing fees $ 2,606 $ 2,758 $ 7,984 $ 8,398 Late charges and prepayment penalties 137 201 547 614 Other (1) (6) (20) (22) (148) 2,737 2,939 8,509 8,864 Amortization and impairment of servicing assets (1,028) (1,246) (3,253) (3,785) $ 1,709 $ 1,693 $ 5,256 $ 5,079 (1) Mainly represents adjustments related to the repurchase |
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block] | Weighted Average Maximum Minimum Nine-Month Period Ended September 30, Constant prepayment rate: 6.6 % 11.6 % 4.8 % 7.4 % 16.0 % 3.8 % 5.9 % 9.0 % 2.1 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 13.0 % 14.0 % 11.5 % Nine-Month Period Ended September 30, Constant prepayment rate: 6.6 % 18.3 % 4.8 % 6.6 % 18.4 % 3.4 % 6.0 % 21.9 % 3.8 % Discount rate: 11.8 % 12.0 % 11.5 % 9.8 % 10.0 % 9.5 % 12.4 % 14.5 % 11.5 % |
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block] | The weighted current fair value 10 % and 20 % adverse changes in December 31, 2022 were as follows: September 30, December 31, 2023 2022 (In thousands) Carrying amount of servicing assets $ 27,601 $ 29,037 Fair value $ 45,114 $ 44,710 Weighted-average 7.75 7.80 Constant prepayment rate (weighted-average annual 6.31 % 6.40 % $ 1,036 $ 1,048 $ 2,027 $ 2,054 Discount rate (weighted-average annual rate) 10.72 % 10.69 % $ 1,937 $ 1,925 $ 3,727 $ 3,704 |
DEPOSITS (Tables)
DEPOSITS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
DEPOSITS [Abstract] | |
Summary of Deposit Balances [Table Text Block] | The following table summarizes deposit balances as of the indicated dates: September 30, 2023 December 31, 2022 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 5,440,247 $ 6,112,884 Interest-bearing saving accounts 3,687,203 3,902,888 Interest-bearing checking accounts 4,242,672 3,770,993 Certificates of deposit (“CDs”) 2,754,776 2,250,876 Brokered CDs 310,339 105,826 $ 16,435,237 $ 16,143,467 |
Schedule of contractual maturities of CDs | The following table presents the contractual maturities of CDs, including brokered Total (In thousands) Three months or less $ 786,211 Over three months to six months 496,333 Over six months to one year 785,367 Over one year to two years 716,417 Over two years to three years 113,932 Over three years to four years 49,303 Over four years to five years 110,325 Over five years 7,227 $ 3,065,115 |
Schedule of Interest Expenses on Deposits [Table Text Block] | The following were the components of interest expense on deposits for the Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Interest expense on deposits $ 54,243 $ 10,045 $ 125,720 $ 25,619 Accretion of premiums from acquisitions (33) (92) (149) (384) Amortization of broker placement fees 88 25 216 89 $ 54,298 $ 9,978 $ 125,787 $ 25,324 |
SECURITIES SOLD UNDER AGREEME_2
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) (Tables) | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) Short-term Fixed-rate repurchase agreements (1) (2) $ - $ 75,133 (1) Weighted-average interest rate 4.55 % as of December 31, 2022. As of September 30, (2) As of December 31, 2022, the securities underlying such agreements agreements, in the event of default, repurchase agreements owed with respect to any other agreement or transaction between statements of financial condition. |
ADVANCES FROM THE FEDERAL HOM_2
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables) | 9 Months Ended |
Sep. 30, 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: September 30, 2023 December 31, 2022 (In thousands) Short-term Fixed -rate advances from the FHLB (1) $ - $ 475,000 Long-term Fixed -rate advances from the FHLB (2) 500,000 200,000 $ 500,000 $ 675,000 (1) Weighted-average interest rate of 4.56 % as of December 31, 2022. (2) Weighted-average interest rate of 4.45 % and 4.25 % as of September 30, 2023 and December 31, 2022, respectively. Advances from the FHLB mature as follows as of the indicated date: September 30, 2023 (In thousands) Over one to five years (1) $ 500,000 '(1) Average remaining term to maturity of 2.74 |
OTHER LONG-TERM BORROWINGS (Tab
OTHER LONG-TERM BORROWINGS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
OTHER LONG-TERM BORROWINGS [Abstract] | |
Components of Other Borrowings [Table Text Block] | Junior subordinated debentures, as of the indicated dates, consisted of: (In thousands) September 30, 2023 December 31, 2022 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) $ 43,143 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2) (3) 118,557 118,557 $ 161,700 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of September 30, 2023 and 2.75 % over 3-month LIBOR 8.42 % as of September 30,2023 and 7.49 % as of December 31, 2022). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of September 30, 2023 and 2.50 % over 3-month LIBOR 8.16 % as of September 30, 2023 and 7.25 % as of December 31, 2022). (3) See Note 7 - Non-Consolidated Variable |
EARNINGS PER COMMON SHARE (Tabl
EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended |
Sep. 30, 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 and nine-month follows: Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands, except per share information) Net income attributable to common stockholders $ 82,022 $ 74,603 $ 223,375 $ 231,898 Weighted-Average 176,358 187,236 178,486 193,217 604 1,083 658 1,151 176,962 188,319 179,144 194,368 Earnings per common share: Basic $ 0.47 $ 0.40 $ 1.25 $ 1.20 Diluted $ 0.46 $ 0.40 $ 1.25 $ 1.19 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2023 and 2022: Nine-Month Period Ended September 30, 2023 2022 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) 519,794 12.06 323,364 13.18 Forfeited (58,454) 11.31 (15,108) 8.79 Vested (503,460) 6.27 (510,007) 6.05 Unvested shares outstanding at end of period 896,371 $ 12.32 947,024 $ 9.12 (1) Includes, for the nine-month period ended September 30,2023, 25,786 494,008 employees, of which 33,718 30,2022, 24,972 298,392 6,084 retirement-eligible employees and thus charged to earnings |
Summary Of Performance Units Activity [Table Text Block] | Nine-Month Period Ended September 30, 2023 2022 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 nine-month period ended September 30, cycle beginning January 1, 2023 and ending on December performance goal during a three-year performance cycle beginning (2) Units vested during the nine-month period ended September 30, of common stock reissued from treasury shares. Units established targets and were settled with shares |
Summary Of Valuation Assumptions [Table Text Block] | Nine-Month Period Ended September 30, 2023 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 the Corporation's |
STOCKHOLDERS' EQUITY (Tables)
STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2023 and 2022: Total Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 Common stock outstanding, beginning balance 179,756,622 191,626,336 182,709,059 201,826,505 Common stock repurchased (1) (5,393,236) (5,385,857) (9,258,611) (16,066,747) Common stock reissued under stock-based compensation plan 23,903 21,924 994,332 513,009 Restricted stock forfeited (963) (4,744) (58,454) (15,108) Common stock outstanding, ending balances 174,386,326 186,257,659 174,386,326 186,257,659 (1) For the quarter and nine-month period ended September 30, 2023 includes 778 288,613 income taxes. |
Changes In Treasury Stock [Table Text Block] | The following table shows the change in shares of treasury stock for the quarters and nine-month 2023 and 2022: Total Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 Treasury stock, beginning balance 43,906,494 32,036,780 40,954,057 21,836,611 Common stock repurchased 5,393,236 5,385,857 9,258,611 16,066,747 Common stock reissued under stock-based compensation plan (23,903) (21,924) (994,332) (513,009) Restricted stock forfeited 963 4,744 58,454 15,108 Treasury stock, ending balances 49,276,790 37,405,457 49,276,790 37,405,457 |
ACCUMULATED OTHER COMPREHENSI_2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Changes in Accumulated Other Comprehensive (1) Quarter ended September 30, Nine-Month Period Ended September 2023 2022 2023 2022 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (773,581) $ (595,147) $ (805,972) $ (87,390) (2) (78,976) (270,937) (46,585) (778,694) Ending balance $ (852,557) $ (866,084) $ (852,557) $ (866,084) Adjustment of pension and postretirement Beginning balance $ 1,194 $ 3,391 $ 1,194 $ 3,391 - - - - Ending balance $ 1,194 $ 3,391 $ 1,194 $ 3,391 ____________________ (1) All amounts presented are net of tax. (2) Net unrealized holding losses on available-for-sale debt securities have no tax effect because securities are either tax-exempt, held by an IBE, or have a full deferred tax asset valuation allowance. |
EMPLOYEE BENEFIT PLANS (Tables)
EMPLOYEE BENEFIT PLANS (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
Schedule of Net Benefit Costs [Table Text Block] | Affected Line Item in the Consolidated Quarter Ended September 30, Nine-Month Period Ended September 30, Statements of Income 2023 2022 2023 2022 (In thousands) Net periodic cost (benefit), pension plans: Interest cost Other expenses $ 950 $ 654 $ 2,850 $ 1,962 Expected return on plan assets Other expenses (886) (1,040) (2,657) (3,119) Net periodic cost (benefit), pension plans 64 (386) 193 (1,157) Net periodic cost, postretirement plan Other expenses 7 2 19 5 Net periodic cost (benefit) $ 71 $ (384) $ 212 $ (1,152) |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 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 $ 140,723 $ - $ - $ 140,723 $ 138,875 $ - $ - $ 138,875 Noncallable U.S. agencies debt securities - 430,515 - 430,515 - 389,787 - 389,787 Callable U.S. agencies debt securities - 1,877,075 - 1,877,075 - 1,963,566 - 1,963,566 MBS - 2,721,124 4,918 (1) 2,726,042 - 3,098,797 5,794 (1) 3,104,591 Puerto Rico government obligations - - 1,448 1,448 - - 2,201 2,201 Other investments - - - - - - 500 500 Equity securities 4,775 - - 4,775 4,861 - - 4,861 Derivative assets - 360 - 360 - 633 - 633 Liabilities: Derivative liabilities - 170 - 170 - 476 - 476 (1) Related to private label MBS. |
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The table below presents a reconciliation of the beginning and ending balances basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 7,357 $ 10,180 $ 8,495 $ 11,084 (722) (177) (903) (570) (2) (32) 12 (7) 435 (237) (1,152) (1,219) (3) (2,086) Ending balance $ 6,366 $ 8,863 $ 6,366 $ 8,863 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized (losses) gains included in earnings were (3) Includes a $ 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 September 30, 2023 and December 31, 2022: September 30, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,918 Discounted cash flows Discount rate 17.3% 17.3% 17.3% Prepayment rate 1.2% 8.8% 5.3% Projected cumulative loss rate 0.2% 13.7% 5.5% $ 1,448 Discounted cash flows Discount rate 13.9% 13.9% 13.9% Projected cumulative loss rate 24.5% 24.5% 24.5% 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 September 30, 2023, the Corporation recorded losses or valuation adjustments recurring basis and still held at September 30, 2023, as shown in the following Carrying value as of September 30, 2023 Related to (losses) gains recorded for the Quarter Ended September 30, 2023 Related to losses recorded for the Nine- Month Period Ended September 30, 2023 (Losses) gains recorded for the Quarter Ended September 30, 2023 Losses recorded for the Nine-Month Period Ended September 30, 2023 (In thousands) Level 3: Loans receivable (1) $ 16,655 $ 24,933 $ (2,495) $ (9,234) OREO (2) 1,085 2,124 (169) (205) Level 2: Loans held for sale (3) $ 8,961 $ 8,961 $ 16 $ (57) (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 (3) The Corporation derived the fair value of these loans based As of September 30, 2022, the Corporation recorded losses or valuation adjustments recurring basis and still held at September 30, 2022, as shown in the following Carrying value as of September 30, 2022 Related to losses recorded for the Quarter Ended September 30, 2022 Related to losses recorded for the Nine- Month Period Ended September 30, 2022 Losses recorded for the Quarter Ended September 30, 2022 Losses recorded for the Nine-Month Period Ended September 30, 2022 (In thousands) Level 3: Loans receivable (1) $ 4,207 $ 27,531 $ (227) $ (2,978) OREO (2) 1,234 2,913 (57) (34) Premises and equipment (3) - 1,242 - (218) Level 2: Loans held for sale (4) $ 12,169 $ 12,169 $ (177) $ (177) (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 (3) Relates to a banking facility reclassified to held-for-sale and (4) The Corporation derived the fair value of these loans based |
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 September 30, 2023 and December 31, 2022: Total Carrying Amount in Statement of Financial Condition as of September 30, 2023 Fair Value Estimate as September 30, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 584,913 $ 584,913 $ 584,913 $ - $ - Available-for-sale debt 5,175,803 5,175,803 140,723 5,028,714 6,366 Held-to-maturity debt securities (amortized cost) 359,169 Less: ACL on held-to-maturity debt securities (2,250) Held-to-maturity debt securities, net of ACL $ 356,919 342,851 - 232,719 110,132 Equity securities (amortized cost) 43,908 43,908 - 43,908 (1) - Other equity securities (fair value) 4,775 4,775 4,775 - - Loans held for sale (lower of cost or market) 8,961 8,961 - 8,961 - Loans held for investment (amortized cost) 11,950,932 Less: ACL for loans and finance leases (263,615) Loans held for investment, net of ACL $ 11,687,317 11,566,106 - - 11,566,106 MSRs (amortized cost) 27,601 45,114 - - 45,114 Derivative assets (fair value) 360 360 - 360 - Liabilities: Deposits (amortized cost) $ 16,435,237 $ 16,447,189 $ - $ 16,447,189 $ - Advances from the FHLB (amortized cost): 500,000 491,505 - 491,505 - Other long-term borrowings (amortized cost) 161,700 159,549 - - 159,549 Derivative liabilities (fair value) 170 170 - 170 - (1) Includes FHLB stock with a carrying value of $ 34.6 (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) | 9 Months Ended |
Sep. 30, 2023 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
Disaggregation of Revenue [Table Text Block] | Quarter ended September 30,2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 18,279 $ 147,066 $ 13,212 $ (4,055) $ 19,749 $ 5,477 $ 199,728 Service charges and fees on deposit accounts - 5,286 3,406 - 155 705 9,552 Insurance commissions - 2,596 - - 68 126 2,790 Merchant-related income - 2,156 - - 19 319 2,494 Credit and debit card fees - 7,826 24 - 4 493 8,347 Other service charges and fees 50 1,262 853 - 615 163 2,943 Not in scope of ASC Topic 2,971 1,044 185 (3) (14) (13) 4,170 3,021 20,170 4,468 (3) 847 1,793 30,296 Total Revenue $ 21,300 $ 167,236 $ 17,680 $ (4,058) $ 20,596 $ 7,270 $ 230,024 Quarter ended September 30,2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 24,338 $ 118,408 $ 22,861 $ 14,827 $ 21,494 $ 5,982 $ 207,910 Service charges and fees on deposit accounts - 5,744 3,169 - 151 756 9,820 Insurance commissions - 2,485 - - 16 123 2,624 Merchant-related income - 1,458 347 - 32 330 2,167 Credit and debit card fees - 7,209 21 - (2) 439 7,667 Other service charges and fees 85 1,228 340 - 595 195 2,443 Not in scope of ASC Topic (1) 3,648 997 399 33 (19) (86) 4,972 Total non-interest 3,733 19,121 4,276 33 773 1,757 29,693 Total Revenue $ 28,071 $ 137,529 $ 27,137 $ 14,860 $ 22,267 $ 7,739 $ 237,603 Nine-Month Period Ended September 30,2023 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 61,427 $ 427,407 $ 41,085 $ (7,502) $ 60,369 $ 17,642 $ 600,428 Service charges and fees on deposit accounts - 15,859 9,886 - 492 2,143 28,380 Insurance commissions - 9,700 - - 175 509 10,384 Merchant-related income - 6,454 - - 87 1,172 7,713 Credit and debit card fees - 23,581 74 - 16 1,510 25,181 Other service charges and fees 244 3,922 2,801 - 1,858 714 9,539 Not in scope of ASC Topic 8,913 2,909 4,027 1,837 221 (19) 17,888 9,157 62,425 16,788 1,837 2,849 6,029 99,085 Total Revenue $ 70,584 $ 489,832 $ 57,873 $ (5,665) $ 63,218 $ 23,671 $ 699,513 Nine-Month Period Ended September 30,2022 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 76,452 $ 310,351 $ 94,655 $ 33,702 $ 56,664 $ 17,896 $ 589,720 Service charges and fees on deposit accounts - 16,778 9,214 - 446 2,211 28,649 Insurance commissions - 10,176 - - 65 604 10,845 Merchant-related income - 4,991 1,101 - 54 1,046 7,192 Credit and debit card fees - 21,271 58 - (6) 1,298 22,621 Other service charges and fees 287 4,404 2,329 - 1,579 509 9,108 Not in scope of ASC Topic 12,865 1,747 576 (130) 57 (38) 15,077 13,152 59,367 13,278 (130) 2,195 5,630 93,492 Total Revenue $ 89,604 $ 369,718 $ 107,933 $ 33,572 $ 58,859 $ 23,526 $ 683,212 (1) Most of the Corporation's revenue is not within the scope of ASC Topic 606. The guidance explicitly excludes net interest income from financial assets and liabilities, as well as other non-interest income from loans, leases, investment securities and derivative financial instruments. |
Activity of Contract Liabilities [Table Text Block] | Quarter Ended September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Beginning balance $ 608 $ 1,049 $ 841 $ 1,443 (81) (104) (314) (498) Ending balance $ 527 $ 945 $ 527 $ 945 |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 9 Months Ended |
Sep. 30, 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) Quarter ended September 30,2023: Interest income $ 31,208 $ 90,976 $ 68,138 $ 32,146 $ 33,560 $ 7,377 $ 263,405 Net (charge) credit for transfer of funds (12,929) 96,836 (54,926) (27,817) (1,164) - - Interest expense - (40,746) - (8,384) (12,647) (1,900) (63,677) Net interest income (loss) 18,279 147,066 13,212 (4,055) 19,749 5,477 199,728 Provision for credit losses - (benefit) expense (3,288) 13,707 (7,235) 32 873 307 4,396 Non-interest income (loss) 3,021 20,170 4,468 (3) 847 1,793 30,296 Direct non-interest expenses 5,201 43,431 9,658 958 8,535 6,647 74,430 $ 19,387 $ 110,098 $ 15,257 $ (5,048) $ 11,188 $ 316 $ 151,198 Average earnings assets $ 2,127,641 $ 3,336,158 $ 3,769,370 $ 6,382,276 $ 2,041,662 $ 406,499 $ 18,063,606 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended September 30,2022: Interest income $ 32,349 $ 77,576 $ 53,506 $ 28,203 $ 24,804 $ 6,245 $ 222,683 Net (charge) credit for transfer of funds (8,011) 47,577 (30,645) (8,447) (474) - - Interest expense - (6,745) - (4,929) (2,836) (263) (14,773) Net interest income 24,338 118,408 22,861 14,827 21,494 5,982 207,910 Provision for credit losses - expense (benefit) 2,092 16,705 (3,519) (12) (624) 1,141 15,783 Non-interest income 3,733 19,121 4,276 33 773 1,757 29,693 Direct non-interest expenses 6,489 42,080 9,295 942 8,479 7,097 74,382 $ 19,490 $ 78,744 $ 21,361 $ 13,930 $ 14,412 $ (499) $ 147,438 Average earnings assets $ 2,211,675 $ 2,974,894 $ 3,622,907 $ 7,095,503 $ 2,040,656 $ 365,743 $ 18,311,378 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2023 Interest income $ 94,720 $ 261,139 $ 195,837 $ 89,140 $ 96,772 $ 20,397 $ 758,005 Net (charge) credit for transfer of funds (33,293) 260,715 (154,752) (70,095) (2,575) - - Interest expense - (94,447) - (26,547) (33,828) (2,755) (157,577) Net interest income (loss) 61,427 427,407 41,085 (7,502) 60,369 17,642 600,428 Provision for credit losses - (benefit) expense (7,623) 42,600 (2,096) 7 9,545 (305) 42,128 Non-interest income 9,157 62,425 16,788 1,837 2,849 6,029 99,085 Direct non-interest expenses 15,821 126,872 28,363 2,828 25,341 20,203 219,428 $ 62,386 $ 320,360 $ 31,606 $ (8,500) $ 28,332 $ 3,773 $ 437,957 Average earnings assets $ 2,147,521 $ 3,251,286 $ 3,751,359 $ 6,321,540 $ 2,049,281 $ 381,655 $ 17,902,642 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Nine-Month Period Ended September 30,2022 Interest income $ 98,625 $ 221,500 $ 148,046 $ 77,530 $ 64,742 $ 18,719 $ 629,162 Net (charge) credit for transfer of funds (22,173) 105,898 (53,391) (29,101) (1,233) - - Interest expense - (17,047) - (14,727) (6,845) (823) (39,442) Net interest income 76,452 310,351 94,655 33,702 56,664 17,896 589,720 Provision for credit losses - (benefit) expense (5,216) 42,904 (20,611) (435) (5,849) 1,191 11,984 Non-interest income (loss) 13,152 59,367 13,278 (130) 2,195 5,630 93,492 Direct non-interest expenses 19,076 121,897 27,202 2,732 25,195 20,835 216,937 $ 75,744 $ 204,917 $ 101,342 $ 31,275 $ 39,513 $ 1,500 $ 454,291 Average earnings assets $ 2,249,203 $ 2,865,610 $ 3,654,906 $ 7,642,121 $ 2,047,375 $ 371,468 $ 18,830,683 |
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 September 30, Nine-Month Period Ended September 30, 2023 2022 2023 2022 (In thousands) Net income: Total income for segments $ 151,198 $ 147,438 $ 437,957 $ 454,291 Other operating expenses 42,208 40,807 125,395 113,237 Income before income taxes 108,990 106,631 312,562 341,054 Income tax expense 26,968 32,028 89,187 109,156 $ 82,022 $ 74,603 $ 223,375 $ 231,898 Average assets: Total average earning assets for segments $ 18,063,606 $ 18,311,378 $ 17,902,642 $ 18,830,683 Average non-earning assets 832,374 835,740 845,837 873,911 $ 18,895,980 $ 19,147,118 $ 18,748,479 $ 19,704,594 (1) Expenses pertaining to corporate administrative functions that support financial results of the operating segments. The unallocated |
SUPPLEMENTAL STATEMENT OF CAS_2
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION (Tables) | 9 Months Ended |
Sep. 30, 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 Nine-Month Period Ended September 30, 2023 2022 (In thousands) Cash paid for: $ 143,792 $ 41,205 88,258 22,943 12,939 13,759 Non-cash investing and financing activities: 14,951 13,653 48,245 33,119 1,839 2,637 100,735 113,757 3,255 3,893 3,042 2,297 1,310 467 |
REGULATORY MATTERS, COMMITMEN_2
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables) | 9 Months Ended |
Sep. 30, 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 September 30,2023 Total Capital (to Risk-Weighted $ 2,385,079 18.84 % $ 1,012,868 8.0 % N/A N/A % $ 2,335,546 18.45 % $ 1,012,710 8.0 % $ 1,265,888 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,069,675 16.35 % $ 569,738 4.5 % N/A N/A % $ 2,077,017 16.41 % $ 569,649 4.5 % $ 822,827 6.5 % Tier I Capital (to Risk-Weighted $ 2,069,675 16.35 % $ 759,651 6.0 % N/A N/A % $ 2,177,017 17.20 % $ 759,533 6.0 % $ 1,012,710 8.0 % Leverage ratio $ 2,069,675 10.57 % $ 783,163 4.0 % N/A N/A % $ 2,177,017 11.12 % $ 782,913 4.0 % $ 978,641 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) | 9 Months Ended |
Sep. 30, 2023 | |
FIRST BANCORP. (Holding Company Only) Financial Information [Abstract] | |
Statements of Financial Condition [Table Text Block] | Statements of Financial Condition As of September 30, As of December 31, 2023 2022 (In thousands) Assets Cash and due from banks $ 34,804 $ 19,279 Other investment securities 735 735 Investment in First Bank Puerto Rico, at equity 1,410,410 1,464,026 Investment in First Bank Insurance Agency, 23,596 28,770 Investment in FBP Statutory Trust I 1,289 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 715 624 Other assets 577 430 $ 1,475,687 $ 1,519,376 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 161,700 $ 183,762 Accounts payable and other liabilities 10,919 10,074 172,619 193,836 Stockholders’ equity 1,303,068 1,325,540 $ 1,475,687 $ 1,519,376 |
Statements of Income [Table Text Block] | Statements of Income Quarter Ended Nine-Month Period Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Income $ 77 $ 19 $ 187 $ 33 82,178 49,728 239,980 292,000 - - 12,000 - - - 1,605 - 101 68 304 159 82,356 49,815 254,076 292,192 Expense 3,345 2,273 10,135 5,304 452 422 1,324 1,295 3,797 2,695 11,459 6,599 Income before income taxes and equity in undistributed 78,559 47,120 242,617 285,593 Income tax expense 745 735 2,606 2,634 Equity in undistributed earnings of subsidiaries 4,208 28,218 (16,636) (51,061) Net income $ 82,022 $ 74,603 $ 223,375 $ 231,898 Other comprehensive loss, net of tax (78,976) (270,937) (46,585) (778,694) Comprehensive income (loss) $ 3,046 $ (196,334) $ 176,790 $ (546,796) |
BASIS OF PRESENTATION AND SIG_3
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Adoption of new Accounting Pronouncements (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Jan. 01, 2023 | Dec. 31, 2022 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Retained earnings | $ 1,790,652 | $ 1,644,209 | |
Treasury stock, at cost | 622,378 | 506,979 | |
Additional paid-in capital | $ 963,791 | $ 970,722 | |
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 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 6,021,072 | $ 6,398,197 | ||||
Gross Unrealized Gains | 73 | 247 | ||||
Gross Unrealized Losses | 844,877 | 798,466 | ||||
Allowance for Credit Losses | 465 | $ 433 | 458 | $ 664 | $ 676 | $ 1,105 |
Fair value | $ 5,175,803 | $ 5,599,520 | ||||
Weighted-average yield | 1.24% | 1.22% | ||||
Interest receivable | $ 68,783 | $ 69,730 | ||||
Available-for-sale Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Interest receivable | 10,800 | 11,100 | ||||
Federal Home Loan Bank Borrowings [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | 587,000 | 286,500 | ||||
Fair value | 521,300 | 250,600 | ||||
Fair value, net of haircut | 495,300 | 238,100 | ||||
U.S. Treasury securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | 47,585 | 7,493 | ||||
Gross Unrealized Gains Due within one year | 0 | 0 | ||||
Gross Unrealized Losses Due within one year | 1,313 | 309 | ||||
Allowance for Credit Losses within one year | 0 | 0 | ||||
Fair value Due within one year | $ 46,272 | $ 7,184 | ||||
Weighted-average yield Due within one year | 0.54% | 0.22% | ||||
Amortized cost After 1 to 5 years | $ 100,671 | $ 141,366 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 6,220 | 9,675 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 94,451 | $ 131,691 | ||||
Weighted-average yield After 1 to 5 years | 0.74% | 0.70% | ||||
U.S. GSE's obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | $ 271,134 | $ 129,018 | ||||
Gross Unrealized Gains Due within one year | 0 | 0 | ||||
Gross Unrealized Losses Due within one year | 7,334 | 4,036 | ||||
Allowance for Credit Losses within one year | 0 | 0 | ||||
Fair value Due within one year | $ 263,800 | $ 124,982 | ||||
Weighted-average yield Due within one year | 0.73% | 0.32% | ||||
Amortized cost After 1 to 5 years | $ 2,225,242 | $ 2,395,273 | ||||
Gross Unrealized Gains After 1 to 5 years | 55 | 22 | ||||
Gross Unrealized Losses After 1 to 5 years | 201,084 | 227,724 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 2,024,213 | $ 2,167,571 | ||||
Weighted-average yield After 1 to 5 years | 0.84% | 0.83% | ||||
Amortized cost After 5 to 10 years | $ 10,097 | $ 56,251 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 13 | ||||
Gross Unrealized Losses After 5 to 10 years | 1,158 | 7,670 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 8,939 | $ 48,594 | ||||
Weighted-average yield After 5 to 10 years | 2.95% | 1.54% | ||||
Amortized cost After 10 years | $ 10,621 | $ 12,170 | ||||
Gross Unrealized Gains After 10 years | 18 | 36 | ||||
Gross Unrealized Losses After 10 years | 1 | 0 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 10,638 | $ 12,206 | ||||
Weighted-average yield After 10 years | 5.65% | 4.62% | ||||
Puerto Rico government obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 10 years | $ 3,204 | $ 3,331 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 1,374 | 755 | ||||
Allowance for Credit Losses After 10 years | 382 | 375 | ||||
Fair value After 10 years | $ 1,448 | $ 2,201 | ||||
Weighted-average yield After 10 years | 0% | 0% | ||||
Allowance for Credit Losses | $ 382 | $ 350 | $ 375 | $ 374 | $ 386 | $ 308 |
United States And Puerto Rico Government Obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | 2,668,554 | 2,744,902 | ||||
Gross Unrealized Gains | 73 | 71 | ||||
Gross Unrealized Losses | 218,484 | 250,169 | ||||
Allowance for Credit Losses | 382 | 375 | ||||
Fair value | $ 2,449,761 | $ 2,494,429 | ||||
Weighted-average yield | 0.84% | 0.83% | ||||
Residential MBS [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 3,159,362 | $ 3,455,864 | ||||
Gross Unrealized Gains | 0 | 176 | ||||
Gross Unrealized Losses | 578,884 | 514,499 | ||||
Allowance for Credit Losses | 83 | 83 | ||||
Fair value | $ 2,580,395 | $ 2,941,458 | ||||
Weighted-average yield | 1.54% | 1.52% | ||||
Residential MBS [Member] | FHLMC [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 1 to 5 years | $ 21,356 | $ 4,235 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 1,205 | 169 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 20,151 | $ 4,066 | ||||
Weighted-average yield After 1 to 5 years | 2.06% | 2.33% | ||||
Amortized cost After 5 to 10 years | $ 160,407 | $ 201,072 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 18,393 | 18,709 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 142,014 | $ 182,363 | ||||
Weighted-average yield After 5 to 10 years | 1.55% | 1.55% | ||||
Amortized cost After 10 years | $ 1,013,862 | $ 1,092,289 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 211,720 | 186,558 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 802,142 | $ 905,731 | ||||
Weighted-average yield After 10 years | 1.40% | 1.38% | ||||
Amortized cost | $ 1,195,625 | $ 1,297,596 | ||||
Gross Unrealized Gains | 0 | 0 | ||||
Gross Unrealized Losses | 231,318 | 205,436 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 964,307 | $ 1,092,160 | ||||
Weighted-average yield | 1.43% | 1.41% | ||||
Residential MBS [Member] | GNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | $ 5 | |||||
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 | $ 5 | |||||
Weighted-average yield Due within one year | 1.73% | |||||
Amortized cost After 1 to 5 years | $ 19,559 | $ 15,508 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 1,207 | 622 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 18,352 | $ 14,886 | ||||
Weighted-average yield After 1 to 5 years | 1.27% | 2% | ||||
Amortized cost After 5 to 10 years | $ 28,587 | $ 45,322 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 1 | ||||
Gross Unrealized Losses After 5 to 10 years | 3,127 | 3,809 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 25,460 | $ 41,514 | ||||
Weighted-average yield After 5 to 10 years | 1.59% | 1.31% | ||||
Amortized cost After 10 years | $ 212,835 | $ 232,632 | ||||
Gross Unrealized Gains After 10 years | 0 | 51 | ||||
Gross Unrealized Losses After 10 years | 33,476 | 27,169 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 179,359 | $ 205,514 | ||||
Weighted-average yield After 10 years | 2.58% | 2.47% | ||||
Amortized cost | $ 260,981 | $ 293,467 | ||||
Gross Unrealized Gains | 0 | 52 | ||||
Gross Unrealized Losses | 37,810 | 31,600 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 223,171 | $ 261,919 | ||||
Weighted-average yield | 2.38% | 2.27% | ||||
Residential MBS [Member] | FNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 1 to 5 years | $ 35,343 | $ 9,685 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 1,992 | 521 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 33,351 | $ 9,164 | ||||
Weighted-average yield After 1 to 5 years | 2.11% | 1.76% | ||||
Amortized cost After 5 to 10 years | $ 307,379 | $ 358,346 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 35,138 | 31,620 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 272,241 | $ 326,726 | ||||
Weighted-average yield After 5 to 10 years | 1.70% | 1.68% | ||||
Amortized cost After 10 years | $ 1,072,667 | $ 1,186,635 | ||||
Gross Unrealized Gains After 10 years | 0 | 124 | ||||
Gross Unrealized Losses After 10 years | 207,428 | 186,757 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 865,239 | $ 1,000,002 | ||||
Weighted-average yield After 10 years | 1.36% | 1.38% | ||||
Amortized cost | $ 1,415,389 | $ 1,554,666 | ||||
Gross Unrealized Gains | 0 | 124 | ||||
Gross Unrealized Losses | 244,558 | 218,898 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 1,170,831 | $ 1,335,892 | ||||
Weighted-average yield | 1.45% | 1.45% | ||||
Residential MBS [Member] | Collateralized mortgage obligations ("CMOs") issued or guaranteed by FHLMC, FNMA and GNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 10 years | $ 280,056 | $ 302,232 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 62,888 | 56,539 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 217,168 | $ 245,693 | ||||
Weighted-average yield After 10 years | 1.54% | 1.44% | ||||
Residential MBS [Member] | Private label [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 10 years | $ 7,311 | $ 7,903 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 2,310 | 2,026 | ||||
Allowance for Credit Losses After 10 years | 83 | 83 | ||||
Fair value After 10 years | $ 4,918 | $ 5,794 | ||||
Weighted-average yield After 10 years | 7.73% | 6.83% | ||||
Allowance for Credit Losses | $ 100 | $ 100 | ||||
Weighted-average yield | 7.73% | |||||
Commercial Mortgage Backed Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 1 to 5 years | $ 44,111 | 30,578 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 8,631 | 4,463 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 35,480 | $ 26,115 | ||||
Weighted-average yield After 1 to 5 years | 2.18% | 2.43% | ||||
Amortized cost After 5 to 10 years | $ 25,522 | $ 44,889 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 4,067 | 5,603 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 21,455 | $ 39,286 | ||||
Weighted-average yield After 5 to 10 years | 2.13% | 1.89% | ||||
Amortized cost After 10 years | $ 123,523 | $ 121,464 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 34,811 | 23,732 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 88,712 | $ 97,732 | ||||
Weighted-average yield After 10 years | 1.36% | 1.23% | ||||
Amortized cost | $ 193,156 | $ 196,931 | ||||
Gross Unrealized Gains | 0 | 0 | ||||
Gross Unrealized Losses | 47,509 | 33,798 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 145,647 | $ 163,133 | ||||
Weighted-average yield | 1.65% | 1.56% | ||||
Mortgage Backed Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 3,352,518 | $ 3,652,795 | ||||
Gross Unrealized Gains | 0 | 176 | ||||
Gross Unrealized Losses | 626,393 | 548,297 | ||||
Allowance for Credit Losses | 83 | 83 | ||||
Fair value | $ 2,726,042 | $ 3,104,591 | ||||
Weighted-average yield | 1.55% | 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% | |||||
Unisured Portion Of Government Deposits [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 3,200,000 | $ 2,800,000 | ||||
Fair value | $ 2,800,000 | $ 2,400,000 |
DEBT SECURITIES - Additional In
DEBT SECURITIES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Investments [Line Items] | ||||||||
Fair value | $ 5,175,803 | $ 5,175,803 | $ 5,599,520 | |||||
Gross Unrealized Losses | 844,877 | 844,877 | 798,466 | |||||
Available-for-sale, allowance for credit losses | 465 | $ 664 | 465 | $ 664 | $ 433 | 458 | $ 676 | $ 1,105 |
Provision For Other Credit Losses Previous Expected Credit Losses | (32) | 12 | (7) | 435 | ||||
Charge-offs | 0 | (6) | ||||||
Allowance for credit losses, Held-to-Maturity securities | 2,250 | 2,250 | 8,286 | |||||
Provision for credit loss expense | (6,119) | (640) | (6,029) | (749) | ||||
Debt Securities, Held-to-maturity | 359,169 | 359,169 | 437,537 | |||||
Accrued interest receivable | $ 68,783 | $ 68,783 | 69,730 | |||||
FICO Score, Greater than 700 [Member] | LTV Less than 80 Percent [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Loan To Value Coverage Percentage | 80% | 80% | ||||||
Municipal Bonds [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Allowance for credit losses, Held-to-Maturity securities | $ 2,250 | 8,257 | $ 2,250 | 8,257 | 8,286 | 8,571 | ||
Debt Securities, Held-to-maturity, Reduction, Amount Refinanced | 46,500 | |||||||
Puerto Rico government obligations [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Available-for-sale, allowance for credit losses | 382 | 374 | 382 | 374 | 350 | 375 | 386 | 308 |
Provision For Other Credit Losses Previous Expected Credit Losses | (32) | 12 | (7) | (66) | ||||
Charge-offs | 0 | 0 | ||||||
Residential MBS [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Fair value | 2,580,395 | 2,580,395 | 2,941,458 | |||||
Gross Unrealized Losses | 578,884 | 578,884 | 514,499 | |||||
Available-for-sale, allowance for credit losses | 83 | 83 | 83 | |||||
Allowance for credit losses, Held-to-Maturity securities | 0 | 0 | 0 | |||||
Debt Securities, Held-to-maturity | 150,650 | 150,650 | 166,739 | |||||
Residential MBS [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Available-for-sale, allowance for credit losses | 100 | $ 100 | 100 | |||||
Residential MBS [Member] | SOFR [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Spread on variable rate | 0.26161% | |||||||
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | |||||||
Residential MBS [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Available-for-sale, allowance for credit losses | 83 | 290 | $ 83 | 290 | $ 83 | 83 | $ 290 | $ 797 |
Provision For Other Credit Losses Previous Expected Credit Losses | 0 | $ 0 | 0 | 501 | ||||
Charge-offs | 0 | $ (6) | ||||||
Available-for-sale Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Accrued interest receivable | 10,800 | 10,800 | 11,100 | |||||
Held-to-maturity Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Accrued interest receivable | $ 2,800 | $ 2,800 | $ 5,500 |
DEBT SECURITIES - Available-For
DEBT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | $ 46,731 | $ 1,115,192 | ||||
Unrealized Losses Less than 12 months | 1,619 | 125,343 | ||||
Fair Value 12 months or more | 5,114,046 | 4,447,686 | ||||
Unrealized Losses 12 months or more | 843,258 | 673,123 | ||||
Total Fair Value | 5,160,777 | 5,562,878 | ||||
Total Unrealized Losses | 844,877 | 798,466 | ||||
Allowance for Credit Losses | 465 | $ 433 | 458 | $ 664 | $ 676 | $ 1,105 |
U.S. Treasury and U.S. government agencies obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 3,204 | 298,313 | ||||
Unrealized Losses Less than 12 months | 5 | 18,057 | ||||
Fair Value 12 months or more | 2,430,083 | 2,174,724 | ||||
Unrealized Losses 12 months or more | 217,105 | 231,357 | ||||
Total Fair Value | 2,433,287 | 2,473,037 | ||||
Total Unrealized Losses | 217,110 | 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 | 1,448 | 2,201 | ||||
Unrealized Losses 12 months or more | 1,374 | 755 | ||||
Total Fair Value | 1,448 | 2,201 | ||||
Total Unrealized Losses | 1,374 | 755 | ||||
Allowance for Credit Losses | 382 | 350 | 375 | 374 | 386 | 308 |
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 | 12 | 260,524 | ||||
Unrealized Losses Less than 12 months | 1 | 45,424 | ||||
Fair Value 12 months or more | 964,295 | 831,637 | ||||
Unrealized Losses 12 months or more | 231,317 | 160,012 | ||||
Total Fair Value | 964,307 | 1,092,161 | ||||
Total Unrealized Losses | 231,318 | 205,436 | ||||
Residential MBS [Member] | GNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 22,811 | 74,829 | ||||
Unrealized Losses Less than 12 months | 1,220 | 3,433 | ||||
Fair Value 12 months or more | 200,360 | 179,854 | ||||
Unrealized Losses 12 months or more | 36,590 | 28,167 | ||||
Total Fair Value | 223,171 | 254,683 | ||||
Total Unrealized Losses | 37,810 | 31,600 | ||||
Residential MBS [Member] | FNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 9,195 | 405,977 | ||||
Unrealized Losses Less than 12 months | 191 | 49,479 | ||||
Fair Value 12 months or more | 1,161,636 | 920,200 | ||||
Unrealized Losses 12 months or more | 244,367 | 169,419 | ||||
Total Fair Value | 1,170,831 | 1,326,177 | ||||
Total Unrealized Losses | 244,558 | 218,898 | ||||
Residential MBS [Member] | CMOs issued or guaranteed by the FHLMC, FNMA, and GNMA: [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 0 | 45,370 | ||||
Unrealized Losses Less than 12 months | 0 | 6,735 | ||||
Fair Value 12 months or more | 217,168 | 200,323 | ||||
Unrealized Losses 12 months or more | 62,888 | 49,804 | ||||
Total Fair Value | 217,168 | 245,693 | ||||
Total Unrealized Losses | 62,888 | 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 | 4,918 | 5,794 | ||||
Unrealized Losses 12 months or more | 2,310 | 2,026 | ||||
Total Fair Value | 4,918 | 5,794 | ||||
Total Unrealized Losses | 2,310 | 2,026 | ||||
Allowance for Credit Losses | 83 | $ 83 | 83 | $ 290 | $ 290 | $ 797 |
Commercial MBS [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 11,509 | 30,179 | ||||
Unrealized Losses Less than 12 months | 202 | 2,215 | ||||
Fair Value 12 months or more | 134,138 | 132,953 | ||||
Unrealized Losses 12 months or more | 47,307 | 31,583 | ||||
Total Fair Value | 145,647 | 163,132 | ||||
Total Unrealized Losses | 47,509 | 33,798 | ||||
Allowance for Credit Losses | $ 0 | $ 0 |
DEBT SECURITIES - ACL for Debt
DEBT SECURITIES - ACL for Debt Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 433 | $ 676 | $ 458 | $ 1,105 |
Provision for credit losses - expense (benefit) | 32 | (12) | 7 | (435) |
Net charge-offs | 0 | 6 | ||
Ending Balance | 465 | 664 | 465 | 664 |
Residential MBS [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 83 | |||
Ending Balance | 83 | 83 | ||
Residential MBS [Member] | Private label [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 83 | 290 | 83 | 797 |
Provision for credit losses - expense (benefit) | 0 | 0 | 0 | (501) |
Net charge-offs | 0 | 6 | ||
Ending Balance | 83 | 290 | 83 | 290 |
Puerto Rico government obligations [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 350 | 386 | 375 | 308 |
Provision for credit losses - expense (benefit) | 32 | (12) | 7 | 66 |
Net charge-offs | 0 | 0 | ||
Ending Balance | $ 382 | $ 374 | $ 382 | $ 374 |
DEBT SECURITIES - Investment _2
DEBT SECURITIES - Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 359,169 | $ 437,537 | ||||
Held to Maturity Gross Unrecognized gains | 4,819 | 4,068 | ||||
Held to Maturity Gross Unrecognized losses | 21,137 | 14,490 | ||||
Held to Maturity Fair value | 342,851 | 427,115 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 2,250 | $ 8,286 | ||||
Held to Maturity Weighted-average yield | 4.80% | 4.71% | ||||
Interest receivable | $ 68,783 | $ 69,730 | ||||
Held-to-maturity Securities [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Interest receivable | 2,800 | 5,500 | ||||
Municipal Bonds [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Due Withing One Year | 3,159 | 1,202 | ||||
Held to Maturity Gross Unrecognized gain Due Within One Year | 15 | 0 | ||||
Held to Maturity Gross Unrecognized losses Due Within One Year | 23 | 15 | ||||
Held to Maturity Fair value Due Within One Year | 3,151 | 1,187 | ||||
Allowance for credit losses Due within one year | $ 46 | $ 2 | ||||
Held to Maturity Weighted-average yield Due withing One Year | 9.30% | 5.20% | ||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 51,133 | $ 42,530 | ||||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 1,052 | 886 | ||||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 1,111 | 1,076 | ||||
Held to Maturity Fair value After 1 to 5 years | 51,074 | 42,340 | ||||
Allowance for credit losses After 1 to 5 years | $ 1,320 | $ 656 | ||||
Held to Maturity Weighted-average yield After 1 to 5 years | 7.71% | 6.34% | ||||
Held to Maturity Amortized Cost After 5 to 10 years | $ 35,831 | $ 55,956 | ||||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 3,540 | 3,182 | ||||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 271 | 360 | ||||
Held to Maturity Fair value After 5 to 10 years | 39,100 | 58,778 | ||||
Allowance for credit losses After 5 to 10 years | $ 605 | $ 3,243 | ||||
Held to Maturity Weighted-average yield After 5 to 10 years | 7.05% | 6.29% | ||||
Held to Maturity Amortized Cost After 10 years | $ 16,595 | $ 66,022 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 212 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 0 | 1,318 | ||||
Held to Maturity Fair value After 10 years | 16,807 | 64,704 | ||||
Allowance for credit losses After 10 years | $ 279 | $ 4,385 | ||||
Held to Maturity Weighted-average yield After 10 years | 8.75% | 7.10% | ||||
Held To Maturity Securities Amortized | $ 106,718 | $ 165,710 | ||||
Held to Maturity Gross Unrecognized gains | 4,819 | 4,068 | ||||
Held to Maturity Gross Unrecognized losses | 1,405 | 2,769 | ||||
Held to Maturity Fair value | 110,132 | 167,009 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 2,250 | $ 8,401 | $ 8,286 | $ 8,257 | $ 8,885 | $ 8,571 |
Held to Maturity Weighted-average yield | 7.70% | 6.62% | ||||
Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 150,650 | $ 166,739 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 12,034 | 7,156 | ||||
Held to Maturity Fair value | 138,616 | 159,583 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.84% | 3.78% | ||||
Commercial MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 9,489 | $ 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 | 516 | 396 | ||||
Held to Maturity Fair value After 1 to 5 years | 8,973 | 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 | $ 92,312 | $ 95,467 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 7,182 | 4,169 | ||||
Held to Maturity Fair value After 10 years | 85,130 | 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 | $ 101,801 | $ 105,088 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 7,698 | 4,565 | ||||
Held to Maturity Fair value | 94,103 | 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 | $ 252,451 | $ 271,827 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 19,732 | 11,721 | ||||
Held to Maturity Fair value | 232,719 | 260,106 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.57% | 3.55% | ||||
Unisured Portion Of Government Deposits [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 179,900 | $ 190,100 | ||||
Held to Maturity Fair value | 174,900 | 189,400 | ||||
FHLMC [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 5 to 10 years | 17,580 | 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 | 1,131 | 746 | ||||
Held to Maturity Fair value After 5 to 10 years | 16,449 | 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 | $ 18,740 | $ 19,362 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 1,689 | 888 | ||||
Held to Maturity Fair value After 10 years | 17,051 | 18,474 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 4.34% | 4.21% | ||||
Held To Maturity Securities Amortized | $ 36,320 | $ 40,805 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 2,820 | 1,634 | ||||
Held to Maturity Fair value | 33,500 | 39,171 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.70% | 3.59% | ||||
GNMA [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 10 years | $ 16,786 | $ 19,131 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 1,414 | 943 | ||||
Held to Maturity Fair value After 10 years | 15,372 | 18,188 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 3.35% | 3.35% | ||||
FNMA [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 10 years | $ 68,388 | $ 72,347 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 5,902 | 3,155 | ||||
Held to Maturity Fair value After 10 years | 62,486 | 69,192 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 4.17% | 4.14% | ||||
CMOs issued or guaranteed by the FHLMC, FNMA, and GNMA: [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 10 years | $ 29,156 | $ 34,456 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 1,898 | 1,424 | ||||
Held to Maturity Fair value After 10 years | 27,258 | 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 | Sep. 30, 2023 | Dec. 31, 2022 |
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | $ 0 | $ 260,106 |
HTM Unrealized Losses Less than 12 months | 0 | 11,721 |
HTM Fair Value 12 months or more | 266,963 | 98,797 |
HTM Unrealized Losses 12 months or more | 21,137 | 2,769 |
HTM Fair Value | 266,963 | 358,903 |
HTM Unrealized Losses | 21,137 | 14,490 |
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 | 34,244 | 98,797 |
HTM Unrealized Losses 12 months or more | 1,405 | 2,769 |
HTM Fair Value | 34,244 | 98,797 |
HTM Unrealized Losses | 1,405 | 2,769 |
Commercial MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 100,523 |
HTM Unrealized Losses Less than 12 months | 0 | 4,565 |
HTM Fair Value 12 months or more | 94,103 | 0 |
HTM Unrealized Losses 12 months or more | 7,698 | 0 |
HTM Fair Value | 94,103 | 100,523 |
HTM Unrealized Losses | 7,698 | 4,565 |
FHLMC [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 39,171 |
HTM Unrealized Losses Less than 12 months | 0 | 1,634 |
HTM Fair Value 12 months or more | 33,500 | 0 |
HTM Unrealized Losses 12 months or more | 2,820 | 0 |
HTM Fair Value | 33,500 | 39,171 |
HTM Unrealized Losses | 2,820 | 1,634 |
GNMA [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 18,188 |
HTM Unrealized Losses Less than 12 months | 0 | 943 |
HTM Fair Value 12 months or more | 15,372 | 0 |
HTM Unrealized Losses 12 months or more | 1,414 | 0 |
HTM Fair Value | 15,372 | 18,188 |
HTM Unrealized Losses | 1,414 | 943 |
FNMA [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 69,192 |
HTM Unrealized Losses Less than 12 months | 0 | 3,155 |
HTM Fair Value 12 months or more | 62,486 | 0 |
HTM Unrealized Losses 12 months or more | 5,902 | 0 |
HTM Fair Value | 62,486 | 69,192 |
HTM Unrealized Losses | 5,902 | 3,155 |
CMOs issued or guaranteed by the FHLMC, FNMA, and GNMA: [Member] | Residential MBS [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | 33,032 |
HTM Unrealized Losses Less than 12 months | 0 | 1,424 |
HTM Fair Value 12 months or more | 27,258 | 0 |
HTM Unrealized Losses 12 months or more | 1,898 | 0 |
HTM Fair Value | 27,258 | 33,032 |
HTM Unrealized Losses | $ 1,898 | $ 1,424 |
DEBT SECURITIES - ACL on Debt S
DEBT SECURITIES - ACL on Debt Securities Held-To-Maturity (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 8,286 | |||
Ending Balance | $ 2,250 | 2,250 | ||
Municipal Bonds [Member] | ||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 8,401 | $ 8,885 | 8,286 | $ 8,571 |
Provision for credit loss expense | (6,151) | (628) | (6,036) | (314) |
Ending Balance | $ 2,250 | $ 8,257 | $ 2,250 | $ 8,257 |
LOANS HELD FOR INVESTMENT - Loa
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Loans held for investment | $ 11,950,932 | $ 11,552,825 | ||||
ACL for loans and finance leases | (263,615) | $ (267,058) | (260,464) | $ (257,859) | $ (252,152) | $ (269,030) |
Loans held for investment, net | 11,687,317 | 11,292,361 | ||||
Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 9,906,289 | 9,464,474 | ||||
Florida region [Member} | ||||||
Loans held for investment | 2,044,643 | 2,088,351 | ||||
Residential Portfolio Segment [Member] | ||||||
Loans held for investment | 2,812,631 | 2,847,290 | ||||
ACL for loans and finance leases | (57,200) | (60,514) | (62,760) | (65,079) | (65,231) | (74,837) |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 2,353,679 | 2,417,900 | ||||
Residential Portfolio Segment [Member] | Florida region [Member} | ||||||
Loans held for investment | 458,952 | 429,390 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||||
Loans held for investment | 3,030,954 | 2,886,263 | ||||
ACL for loans and finance leases | (30,097) | (28,014) | (32,906) | (35,461) | (36,203) | (34,284) |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 2,088,274 | 1,860,109 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Florida region [Member} | ||||||
Loans held for investment | 942,680 | 1,026,154 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Loans held for investment | 2,316,113 | 2,358,851 | ||||
ACL for loans and finance leases | (41,157) | (42,427) | (35,064) | (30,290) | (32,619) | (52,771) |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 1,780,008 | 1,834,204 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||||||
Loans held for investment | 536,105 | 524,647 | ||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||||
Loans held for investment | 202,774 | 132,953 | ||||
ACL for loans and finance leases | (5,621) | (4,804) | (2,308) | (1,821) | (2,020) | (4,048) |
Commercial Portfolio Segment [Member] | Construction loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 102,327 | 34,772 | ||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Florida region [Member} | ||||||
Loans held for investment | 100,447 | 98,181 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans held for investment | 3,588,460 | 3,327,468 | ||||
ACL for loans and finance leases | (129,540) | $ (131,299) | (127,426) | $ (125,208) | $ (116,079) | $ (103,090) |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Loans held for investment | 3,582,001 | 3,317,489 | ||||
Consumer Portfolio Segment [Member] | Florida region [Member} | ||||||
Loans held for investment | $ 6,459 | $ 9,979 |
LOANS HELD FOR INVESTMENT - L_2
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Loans held for investment | $ 11,950,932 | $ 11,552,825 |
Unaccreted fair value net purchase discounts | 25,800 | 29,300 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans held for investment | 3,030,954 | 2,886,263 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Commercial loans secured by real estate [Member] | ||
Loans held for investment | $ 807,600 | $ 838,500 |
LOANS HELD FOR INVESTMENT - Cor
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 11,950,932 | $ 11,552,825 |
Nonaccrual Loans with No ACL | 9,967 | 25,026 |
Loans Past Due 90 days or more and Still Accruing | 62,892 | 80,283 |
Financing Receivable, Nonaccrual | 93,164 | 89,935 |
Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 11,657,910 | 11,277,708 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 79,051 | 58,718 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 57,915 | 46,181 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,812,631 | 2,847,290 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,708,535 | 2,729,132 |
Nonaccrual Loans with No ACL | 1,910 | 2,292 |
Loans Past Due 90 days or more and Still Accruing | 11,958 | 16,821 |
Financing Receivable, Nonaccrual | 31,946 | 42,772 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,633,303 | 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 | 31,328 | 25,630 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 104,096 | 118,158 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 32,167 | 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 | 69,175 | 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 | 2,754 | 2,586 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,030,954 | 2,886,263 |
Nonaccrual Loans with No ACL | 1,523 | 3,300 |
Loans Past Due 90 days or more and Still Accruing | 10,749 | 6,332 |
Financing Receivable, Nonaccrual | 18,809 | 7,830 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,998,999 | 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 | 441 | 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 | 1,956 | 1,128 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,316,113 | 2,358,851 |
Nonaccrual Loans with No ACL | 5,458 | 15,991 |
Loans Past Due 90 days or more and Still Accruing | 2,373 | 3,771 |
Financing Receivable, Nonaccrual | 21,632 | 22,319 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,290,012 | 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 | 930 | 300 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,166 | 2,367 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 202,774 | 132,953 |
Nonaccrual Loans with No ACL | 973 | 977 |
Loans Past Due 90 days or more and Still Accruing | 7 | 128 |
Financing Receivable, Nonaccrual | 1,640 | 2,208 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 199,293 | 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 | 1,834 | 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 | 3,588,460 | 3,327,468 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,903,185 | 1,798,071 |
Nonaccrual Loans with No ACL | 102 | 2,136 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 13,103 | 10,672 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,826,679 | 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 | 52,755 | 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 | 10,648 | 7,089 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 831,540 | 718,230 |
Nonaccrual Loans with No ACL | 0 | 330 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 2,522 | 1,645 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 816,251 | 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 | 10,421 | 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 | 2,346 | 1,791 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 377,850 | 353,246 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,874 | 1,248 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 367,428 | 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 | 5,708 | 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 | 2,840 | 1,894 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 321,950 | 311,731 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 5,638 | 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 | 308,519 | 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 | 4,563 | 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 | 3,230 | 2,238 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 153,935 | 146,190 |
Nonaccrual Loans with No ACL | 1 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,638 | 1,241 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 148,251 | 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 | 2,399 | 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 | $ 1,647 | $ 1,458 |
LOANS HELD FOR INVESTMENT - C_2
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | $ 9,967,000 | $ 25,026,000 |
Loans Past Due 90 days or more and Still Accruing | 62,892,000 | 80,283,000 |
Nonaccrual | 93,164,000 | 89,935,000 |
Loans held for investment | 11,950,932,000 | 11,552,825,000 |
PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 8,900,000 | 12,000,000 |
Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 0 | |
Nonaccrual | 8,700,000 | 8,300,000 |
Loans held for investment | 2,044,643,000 | 2,088,351,000 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 79,051,000 | 58,718,000 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,812,631,000 | 2,847,290,000 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,780,685,000 | 2,804,518,000 |
Residential Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 458,952,000 | 429,390,000 |
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 452,255,000 | 422,089,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 1,910,000 | 2,292,000 |
Loans Past Due 90 days or more and Still Accruing | 11,958,000 | 16,821,000 |
Nonaccrual | 31,946,000 | 42,772,000 |
Loans held for investment | 2,708,535,000 | 2,729,132,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,676,589,000 | 2,686,360,000 |
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 | 8,000,000 | 11,000,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 457,988,000 | 428,648,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 451,291,000 | 421,347,000 |
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] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 65,500,000 | 65,200,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 32,167,000 | 48,456,000 |
Nonaccrual | 0 | 0 |
Loans held for investment | 104,096,000 | 118,158,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 104,096,000 | 118,158,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 964,000 | 742,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 964,000 | 742,000 |
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] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 6,900,000 | 6,100,000 |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 8,500,000 | 10,300,000 |
Residential Portfolio Segment [Member] | Federal Housing Administration Loan [Member] | Past Due, 15 Months Delinquent [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 17,400,000 | 28,200,000 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 1,523,000 | 3,300,000 |
Loans Past Due 90 days or more and Still Accruing | 10,749,000 | 6,332,000 |
Nonaccrual | 18,809,000 | 7,830,000 |
Loans held for investment | 3,030,954,000 | 2,886,263,000 |
Commercial Portfolio Segment [Member] | Florida region [Member} | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 300,000 | |
Loans held for investment | 942,680,000 | 1,026,154,000 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 441,000 | 1,984,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 5,458,000 | 15,991,000 |
Loans Past Due 90 days or more and Still Accruing | 2,373,000 | 3,771,000 |
Nonaccrual | 21,632,000 | 22,319,000 |
Loans held for investment | 2,316,113,000 | 2,358,851,000 |
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 | 900,000 | 1,000,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 536,105,000 | 524,647,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 930,000 | 300,000 |
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] | ||
Loans held for investment | 1,000,000 | 1,600,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 973,000 | 977,000 |
Loans Past Due 90 days or more and Still Accruing | 7,000 | 128,000 |
Nonaccrual | 1,640,000 | 2,208,000 |
Loans held for investment | 202,774,000 | 132,953,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 100,447,000 | 98,181,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,834,000 | $ 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 100,000 |
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 | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 11,950,932 | $ 11,950,932 | $ 11,552,825 | ||
Charge-offs | 20,259 | $ 14,062 | 62,260 | $ 39,369 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 9,906,289 | 9,906,289 | 9,464,474 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,044,643 | 2,044,643 | 2,088,351 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 297,676 | 297,676 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 565,327 | 565,327 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 357,740 | 357,740 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 230,532 | 230,532 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 445,795 | 445,795 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 279,551 | 279,551 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 854,333 | 854,333 | |||
Loans held for investment | 3,030,954 | 3,030,954 | 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 | 6,420 | ||||
Financing Receivable, Revolving, Writeoff | 57 | ||||
Charge-offs | 9 | 8 | 6,477 | 366 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 217,161 | 217,161 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 293,433 | 293,433 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 166,022 | 166,022 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 172,003 | 172,003 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 298,567 | 298,567 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 209,338 | 209,338 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 731,750 | 731,750 | |||
Loans held for investment | 2,088,274 | 2,088,274 | 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 | 218 | ||||
Financing Receivable, Revolving, Writeoff | 57 | ||||
Charge-offs | 275 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 80,515 | 80,515 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 271,894 | 271,894 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 191,718 | 191,718 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 58,529 | 58,529 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 147,228 | 147,228 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 70,213 | 70,213 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 122,583 | 122,583 | |||
Loans held for investment | 942,680 | 942,680 | 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 | 6,202 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Charge-offs | 6,202 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 297,129 | 297,129 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 565,327 | 565,327 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 337,823 | 337,823 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 229,283 | 229,283 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 419,795 | 419,795 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 243,664 | 243,664 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 820,520 | 820,520 | |||
Loans held for investment | 2,913,541 | 2,913,541 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 216,614 | 216,614 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 293,433 | 293,433 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 165,637 | 165,637 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 171,386 | 171,386 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 284,636 | 284,636 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 188,691 | 188,691 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 697,937 | 697,937 | |||
Loans held for investment | 2,018,334 | 2,018,334 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 80,515 | 80,515 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 271,894 | 271,894 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 172,186 | 172,186 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 57,897 | 57,897 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 135,159 | 135,159 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 54,973 | 54,973 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 122,583 | 122,583 | |||
Loans held for investment | 895,207 | 895,207 | 979,151 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 546 | 546 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 19,532 | 19,532 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 12,370 | 12,370 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 13,638 | 13,638 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 33,448 | 33,448 | |||
Loans held for investment | 79,534 | 79,534 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 546 | 546 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 492 | 492 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,469 | 2,469 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 33,448 | 33,448 | |||
Loans held for investment | 36,955 | 36,955 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 19,532 | 19,532 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 11,878 | 11,878 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 11,169 | 11,169 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 42,579 | 42,579 | 17,905 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1 | 1 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 385 | 385 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,249 | 1,249 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 13,630 | 13,630 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 21,363 | 21,363 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 365 | 365 | |||
Loans held for investment | 36,993 | 36,993 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1 | 1 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 385 | 385 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 617 | 617 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 13,439 | 13,439 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 18,178 | 18,178 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 365 | 365 | |||
Loans held for investment | 32,985 | 32,985 | 27,313 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 632 | 632 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 191 | 191 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,185 | 3,185 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 4,008 | 4,008 | 29,098 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 886 | 886 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 886 | 886 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 886 | 886 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 886 | 886 | 0 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 140,744 | 140,744 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 572,236 | 572,236 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 202,328 | 202,328 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 393,540 | 393,540 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 345,380 | 345,380 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 631,724 | 631,724 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 30,161 | 30,161 | |||
Loans held for investment | 2,316,113 | 2,316,113 | 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 | 107 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Charge-offs | 1 | 3 | 107 | 42 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 118,701 | 118,701 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 386,968 | 386,968 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 138,404 | 138,404 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 352,042 | 352,042 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 281,639 | 281,639 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 501,101 | 501,101 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,153 | 1,153 | |||
Loans held for investment | 1,780,008 | 1,780,008 | 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 | 107 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Charge-offs | 107 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 22,043 | 22,043 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 185,268 | 185,268 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 63,924 | 63,924 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 41,498 | 41,498 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 63,741 | 63,741 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 130,623 | 130,623 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 29,008 | 29,008 | |||
Loans held for investment | 536,105 | 536,105 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 140,744 | 140,744 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 567,671 | 567,671 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 202,328 | 202,328 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 358,702 | 358,702 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 329,475 | 329,475 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 475,274 | 475,274 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 30,161 | 30,161 | |||
Loans held for investment | 2,104,355 | 2,104,355 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 118,701 | 118,701 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 382,403 | 382,403 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 138,404 | 138,404 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 318,372 | 318,372 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 278,814 | 278,814 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 355,823 | 355,823 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,153 | 1,153 | |||
Loans held for investment | 1,593,670 | 1,593,670 | 1,655,728 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 22,043 | 22,043 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 185,268 | 185,268 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 63,924 | 63,924 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 40,330 | 40,330 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 50,661 | 50,661 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 119,451 | 119,451 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 29,008 | 29,008 | |||
Loans held for investment | 510,685 | 510,685 | 503,184 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,438 | 4,438 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 33,670 | 33,670 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 13,080 | 13,080 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 124,001 | 124,001 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 175,189 | 175,189 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 4,438 | 4,438 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 33,670 | 33,670 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 112,829 | 112,829 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 150,937 | 150,937 | 145,415 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 13,080 | 13,080 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 11,172 | 11,172 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 24,252 | 24,252 | 20,295 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 127 | 127 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,168 | 1,168 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 2,825 | 2,825 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 31,639 | 31,639 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 35,759 | 35,759 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 127 | 127 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 2,825 | 2,825 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 31,639 | 31,639 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 34,591 | 34,591 | 33,061 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,168 | 1,168 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,168 | 1,168 | 1,168 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 810 | 810 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 810 | 810 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 810 | 810 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 810 | 810 | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 45,682 | 45,682 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 90,690 | 90,690 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 60,034 | 60,034 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,132 | 6,132 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 236 | 236 | |||
Loans held for investment | 202,774 | 202,774 | 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 | 42 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Charge-offs | 4 | $ 63 | 42 | $ 123 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 44,895 | 44,895 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 36,361 | 36,361 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 14,939 | 14,939 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,132 | 6,132 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 102,327 | 102,327 | 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 | 42 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Charge-offs | 42 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 787 | 787 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 54,329 | 54,329 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 45,095 | 45,095 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 236 | 236 | |||
Loans held for investment | 100,447 | 100,447 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 45,682 | 45,682 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 90,690 | 90,690 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 53,943 | 53,943 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,824 | 3,824 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 236 | 236 | |||
Loans held for investment | 194,375 | 194,375 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 44,895 | 44,895 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 36,361 | 36,361 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 14,939 | 14,939 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,824 | 3,824 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 100,019 | 100,019 | 31,879 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 787 | 787 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 54,329 | 54,329 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 39,004 | 39,004 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 236 | 236 | |||
Loans held for investment | 94,356 | 94,356 | 98,181 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 6,091 | 6,091 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 6,091 | 6,091 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 6,091 | 6,091 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 6,091 | 6,091 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,308 | 2,308 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,308 | 2,308 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,308 | 2,308 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,308 | 2,308 | 2,893 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | $ 0 | $ 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 | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 11,950,932 | $ 11,950,932 | $ 11,552,825 | ||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 20,259 | $ 14,062 | 62,260 | $ 39,369 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 9,906,289 | 9,906,289 | 9,464,474 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,044,643 | 2,044,643 | 2,088,351 | ||
Residential Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 186,554 | 186,554 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 248,015 | 248,015 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 119,284 | 119,284 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 60,616 | 60,616 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 73,921 | 73,921 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,124,241 | 2,124,241 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,812,631 | 2,812,631 | 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 | 2,625 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 499 | $ 1,466 | 2,628 | $ 6,073 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 186,554 | 186,554 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 247,999 | 247,999 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 119,249 | 119,249 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 60,616 | 60,616 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 73,490 | 73,490 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,092,777 | 2,092,777 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,780,685 | 2,780,685 | 2,804,518 | ||
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 16 | 16 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 35 | 35 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 431 | 431 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 31,464 | 31,464 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 31,946 | 31,946 | 42,772 | ||
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 115,011 | 115,011 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,193 | 169,193 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 71,393 | 71,393 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 30,748 | 30,748 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 46,277 | 46,277 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,921,057 | 1,921,057 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,353,679 | 2,353,679 | 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 | 2,619 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 2,622 | ||||
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 115,011 | 115,011 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,193 | 169,193 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 71,358 | 71,358 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 30,748 | 30,748 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 46,103 | 46,103 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,896,017 | 1,896,017 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,328,430 | 2,328,430 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 35 | 35 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 174 | 174 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 25,040 | 25,040 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 25,249 | 25,249 | 35,471 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 71,543 | 71,543 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,822 | 78,822 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 47,891 | 47,891 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 29,868 | 29,868 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,644 | 27,644 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 203,184 | 203,184 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 458,952 | 458,952 | 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 | 6 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 6 | ||||
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 71,543 | 71,543 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,806 | 78,806 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 47,891 | 47,891 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 29,868 | 29,868 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,387 | 27,387 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 196,760 | 196,760 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 452,255 | 452,255 | 422,089 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 16 | 16 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 257 | 257 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,424 | 6,424 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 6,697 | 6,697 | 7,301 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 220 | 220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 686 | 686 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,455 | 1,455 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 660 | 660 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,104 | 1,104 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 99,971 | 99,971 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 104,096 | 104,096 | 118,158 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 220 | 220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 686 | 686 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,455 | 1,455 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 660 | 660 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,104 | 1,104 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 99,971 | 99,971 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 104,096 | 104,096 | 118,158 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 220 | 220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 686 | 686 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,455 | 1,455 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 660 | 660 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,104 | 1,104 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 99,007 | 99,007 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 103,132 | 103,132 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 220 | 220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 686 | 686 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 1,455 | 1,455 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 660 | 660 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,104 | 1,104 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 99,007 | 99,007 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 103,132 | 103,132 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 964 | 964 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 964 | 964 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 964 | 964 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 964 | 964 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 186,334 | 186,334 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 247,329 | 247,329 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 117,829 | 117,829 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 59,956 | 59,956 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 72,817 | 72,817 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,024,270 | 2,024,270 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,708,535 | 2,708,535 | 2,729,132 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 186,334 | 186,334 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 247,313 | 247,313 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 117,794 | 117,794 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 59,956 | 59,956 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 72,386 | 72,386 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,992,806 | 1,992,806 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,676,589 | 2,676,589 | 2,686,360 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 16 | 16 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 35 | 35 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 431 | 431 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 31,464 | 31,464 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 31,946 | 31,946 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 114,791 | 114,791 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 168,507 | 168,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 69,938 | 69,938 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 30,088 | 30,088 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 45,173 | 45,173 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,822,050 | 1,822,050 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,250,547 | 2,250,547 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 114,791 | 114,791 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 168,507 | 168,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 69,903 | 69,903 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 30,088 | 30,088 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 44,999 | 44,999 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,797,010 | 1,797,010 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,225,298 | 2,225,298 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 35 | 35 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 174 | 174 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 25,040 | 25,040 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 25,249 | 25,249 | 35,471 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 71,543 | 71,543 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,822 | 78,822 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 47,891 | 47,891 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 29,868 | 29,868 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,644 | 27,644 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 202,220 | 202,220 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 457,988 | 457,988 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 71,543 | 71,543 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,806 | 78,806 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 47,891 | 47,891 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 29,868 | 29,868 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,387 | 27,387 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 195,796 | 195,796 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 451,291 | 451,291 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 16 | 16 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 257 | 257 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,424 | 6,424 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | $ 6,697 | $ 6,697 | $ 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 | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 11,950,932 | $ 11,950,932 | $ 11,552,825 | ||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 20,259 | $ 14,062 | 62,260 | $ 39,369 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 9,906,289 | 9,906,289 | 9,464,474 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,044,643 | 2,044,643 | 2,088,351 | ||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 931,240 | 931,240 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,006,947 | 1,006,947 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 629,897 | 629,897 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 293,867 | 293,867 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 253,050 | 253,050 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 140,860 | 140,860 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 332,599 | 332,599 | |||
Loans held for investment | 3,588,460 | 3,588,460 | 3,327,468 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 1,706 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 17,785 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 8,323 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 3,148 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 4,943 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 3,453 | ||||
Financing Receivable, Revolving, Writeoff | 13,648 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 19,746 | $ 12,522 | 53,006 | $ 32,765 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 929,477 | 929,477 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,001,267 | 1,001,267 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 626,397 | 626,397 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 291,903 | 291,903 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 250,021 | 250,021 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 137,796 | 137,796 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 332,462 | 332,462 | |||
Loans held for investment | 3,569,323 | 3,569,323 | 3,312,662 | ||
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,763 | 1,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 5,680 | 5,680 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,500 | 3,500 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,964 | 1,964 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,029 | 3,029 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,064 | 3,064 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 137 | 137 | |||
Loans held for investment | 19,137 | 19,137 | 14,806 | ||
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 930,954 | 930,954 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,006,900 | 1,006,900 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 629,601 | 629,601 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 293,414 | 293,414 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 252,863 | 252,863 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 137,153 | 137,153 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 331,116 | 331,116 | |||
Loans held for investment | 3,582,001 | 3,582,001 | 3,317,489 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 1,706 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 17,785 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 8,323 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 3,148 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 4,920 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 3,190 | ||||
Financing Receivable, Revolving, Writeoff | 13,648 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 52,720 | ||||
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 929,191 | 929,191 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,001,220 | 1,001,220 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 626,101 | 626,101 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 291,450 | 291,450 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 249,834 | 249,834 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 134,145 | 134,145 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 331,021 | 331,021 | |||
Loans held for investment | 3,562,962 | 3,562,962 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,763 | 1,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 5,680 | 5,680 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,500 | 3,500 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,964 | 1,964 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,029 | 3,029 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,008 | 3,008 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 95 | 95 | |||
Loans held for investment | 19,039 | 19,039 | 14,611 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 286 | 286 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 47 | 47 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 296 | 296 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 453 | 453 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 187 | 187 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,707 | 3,707 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,483 | 1,483 | |||
Loans held for investment | 6,459 | 6,459 | 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 | 23 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 263 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 286 | ||||
Consumer Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 286 | 286 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 47 | 47 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 296 | 296 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 453 | 453 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 187 | 187 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,651 | 3,651 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,441 | 1,441 | |||
Loans held for investment | 6,361 | 6,361 | 9,784 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 56 | 56 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 42 | 42 | |||
Loans held for investment | 98 | 98 | 195 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 484,307 | 484,307 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 571,076 | 571,076 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 417,506 | 417,506 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 197,105 | 197,105 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 152,019 | 152,019 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 81,172 | 81,172 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,903,185 | 1,903,185 | 1,798,071 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 630 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,420 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 3,412 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 1,391 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,834 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,500 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 14,187 | ||||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 483,036 | 483,036 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 567,954 | 567,954 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 414,852 | 414,852 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 195,698 | 195,698 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 149,547 | 149,547 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 78,995 | 78,995 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,890,082 | 1,890,082 | 1,787,399 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,271 | 1,271 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,122 | 3,122 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,654 | 2,654 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,407 | 1,407 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 2,472 | 2,472 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,177 | 2,177 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 13,103 | 13,103 | 10,672 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 484,307 | 484,307 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 571,076 | 571,076 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 417,506 | 417,506 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 197,105 | 197,105 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 151,832 | 151,832 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 79,780 | 79,780 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,901,606 | 1,901,606 | 1,794,378 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 630 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,420 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 3,412 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 1,391 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,811 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,237 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 13,901 | ||||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 483,036 | 483,036 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 567,954 | 567,954 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 414,852 | 414,852 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 195,698 | 195,698 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 149,360 | 149,360 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 77,639 | 77,639 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,888,539 | 1,888,539 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,271 | 1,271 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,122 | 3,122 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 2,654 | 2,654 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,407 | 1,407 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 2,472 | 2,472 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,141 | 2,141 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 13,067 | 13,067 | 10,596 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 187 | 187 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,392 | 1,392 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,579 | 1,579 | 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 | 23 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 263 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 286 | ||||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 187 | 187 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,356 | 1,356 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,543 | 1,543 | 3,617 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 36 | 36 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 36 | 36 | 76 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 243,531 | 243,531 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 259,731 | 259,731 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 162,635 | 162,635 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 70,658 | 70,658 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 60,844 | 60,844 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 34,141 | 34,141 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 831,540 | 831,540 | 718,230 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 172 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,182 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 921 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 419 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 446 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 579 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 3,719 | ||||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 243,524 | 243,524 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 258,990 | 258,990 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 162,169 | 162,169 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 70,224 | 70,224 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 60,539 | 60,539 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 33,572 | 33,572 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 829,018 | 829,018 | 716,585 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 7 | 7 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 741 | 741 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 466 | 466 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 434 | 434 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 305 | 305 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 569 | 569 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,522 | 2,522 | 1,645 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 243,531 | 243,531 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 259,731 | 259,731 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 162,635 | 162,635 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 70,658 | 70,658 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 60,844 | 60,844 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 34,141 | 34,141 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 831,540 | 831,540 | 718,230 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 172 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 1,182 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 921 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 419 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 446 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 579 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 3,719 | ||||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 243,524 | 243,524 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 258,990 | 258,990 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 162,169 | 162,169 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 70,224 | 70,224 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 60,539 | 60,539 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 33,572 | 33,572 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 829,018 | 829,018 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 7 | 7 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 741 | 741 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 466 | 466 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 434 | 434 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 305 | 305 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 569 | 569 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,522 | 2,522 | 1,645 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 133,961 | 133,961 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 134,909 | 134,909 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 37,426 | 37,426 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 19,205 | 19,205 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 33,719 | 33,719 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 18,630 | 18,630 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 377,850 | 377,850 | 353,246 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 242 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,765 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 2,137 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 892 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,812 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,077 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 11,925 | ||||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 133,799 | 133,799 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 133,763 | 133,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 37,230 | 37,230 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 19,134 | 19,134 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 33,558 | 33,558 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 18,492 | 18,492 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 375,976 | 375,976 | 351,998 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 162 | 162 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,146 | 1,146 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 196 | 196 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 161 | 161 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 138 | 138 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,874 | 1,874 | 1,248 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 133,730 | 133,730 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 134,909 | 134,909 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 37,355 | 37,355 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 19,203 | 19,203 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 33,719 | 33,719 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 18,630 | 18,630 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 377,546 | 377,546 | 352,912 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 242 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,765 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 2,137 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 892 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 1,812 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,077 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 11,925 | ||||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 133,568 | 133,568 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 133,763 | 133,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 37,159 | 37,159 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 19,132 | 19,132 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 33,558 | 33,558 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 18,492 | 18,492 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 375,672 | 375,672 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 162 | 162 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,146 | 1,146 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 196 | 196 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 161 | 161 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 138 | 138 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,874 | 1,874 | 1,248 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 231 | 231 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2 | 2 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 304 | 304 | 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, Excluding Accrued Interest, 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 231 | 231 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 71 | 71 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2 | 2 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 304 | 304 | 334 | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 321,950 | 321,950 | |||
Loans held for investment | 321,950 | 321,950 | 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 | 13,294 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 13,294 | ||||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 321,950 | 321,950 | |||
Loans held for investment | 321,950 | 321,950 | 311,731 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 321,950 | 321,950 | |||
Loans held for investment | 321,950 | 321,950 | 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 | 13,294 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 13,294 | ||||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 321,950 | 321,950 | |||
Loans held for investment | 321,950 | 321,950 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 69,441 | 69,441 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 41,231 | 41,231 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 12,330 | 12,330 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 6,899 | 6,899 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,468 | 6,468 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,917 | 6,917 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 10,649 | 10,649 | |||
Loans held for investment | 153,935 | 153,935 | 146,190 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 662 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,418 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 1,853 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 446 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 851 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 297 | ||||
Financing Receivable, Revolving, Writeoff | 354 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,881 | ||||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 69,118 | 69,118 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 40,560 | 40,560 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 12,146 | 12,146 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 6,847 | 6,847 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,377 | 6,377 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,737 | 6,737 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 10,512 | 10,512 | |||
Loans held for investment | 152,297 | 152,297 | 144,949 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 323 | 323 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 671 | 671 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 184 | 184 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 52 | 52 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 91 | 91 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 180 | 180 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 137 | 137 | |||
Loans held for investment | 1,638 | 1,638 | 1,241 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 69,386 | 69,386 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 41,184 | 41,184 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 12,105 | 12,105 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 6,448 | 6,448 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,468 | 6,468 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,602 | 4,602 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 9,166 | 9,166 | |||
Loans held for investment | 149,359 | 149,359 | 140,238 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 662 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff | 5,418 | ||||
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff | 1,853 | ||||
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff | 446 | ||||
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff | 851 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 297 | ||||
Financing Receivable, Revolving, Writeoff | 354 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,881 | ||||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 69,063 | 69,063 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 40,513 | 40,513 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 11,921 | 11,921 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 6,396 | 6,396 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,377 | 6,377 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,442 | 4,442 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 9,071 | 9,071 | |||
Loans held for investment | 147,783 | 147,783 | 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 323 | 323 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 671 | 671 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 184 | 184 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 52 | 52 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 91 | 91 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 160 | 160 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 95 | 95 | |||
Loans held for investment | 1,576 | 1,576 | 1,122 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 55 | 55 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 47 | 47 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 225 | 225 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 451 | 451 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,315 | 2,315 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,483 | 1,483 | |||
Loans held for investment | 4,576 | 4,576 | 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, Excluding Accrued Interest, 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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 55 | 55 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 47 | 47 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 225 | 225 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 451 | 451 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,295 | 2,295 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,441 | 1,441 | |||
Loans held for investment | 4,514 | 4,514 | 5,833 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 20 | 20 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 42 | 42 | |||
Loans held for investment | $ 62 | $ 62 | $ 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 | Sep. 30, 2023 | Dec. 31, 2022 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | $ 52,118 | $ 40,448 |
Related Specific Allowance | 5,369 | 3,820 |
Amortized Cost no ACL | 52,395 | 81,063 |
Amortized Cost | 104,513 | 121,511 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 27,341 | 36,206 |
Related Specific Allowance | 1,596 | 2,571 |
Amortized Cost no ACL | 68 | 0 |
Amortized Cost | 27,409 | 36,206 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 12,062 | 1,513 |
Related Specific Allowance | 2,105 | 322 |
Amortized Cost no ACL | 6,649 | 17,590 |
Amortized Cost | 18,711 | 19,103 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 12,525 | 2,466 |
Related Specific Allowance | 1,651 | 897 |
Amortized Cost no ACL | 44,722 | 62,453 |
Amortized Cost | 57,247 | 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 | 28 | 56 |
Related Specific Allowance | 0 | 1 |
Amortized Cost no ACL | 0 | 64 |
Amortized Cost | 28 | 120 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 162 | 207 |
Related Specific Allowance | 17 | 29 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | $ 162 | $ 207 |
LOANS HELD FOR INVESTMENT - Add
LOANS HELD FOR INVESTMENT - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Interest Receivable | $ 68,783,000 | $ 68,783,000 | $ 69,730,000 | ||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 20,259,000 | $ 14,062,000 | 62,260,000 | $ 39,369,000 | |
Loans and finance leases | 10,643,000 | 14,352,000 | 47,669,000 | 10,028,000 | |
Interest Income Recognized on Nonaccrual Loans | 400,000 | 300,000 | 1,400,000 | 1,000,000 | |
Loans modified to borrowers experiencing financial difficulty | 4,143,000 | 37,965,000 | |||
Revolving loans converted to term loans | 0 | 0 | 0 | ||
Loans held for investment | 11,950,932,000 | 11,950,932,000 | 11,552,825,000 | ||
Asset Pledged as Collateral [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 4,400,000,000 | 4,400,000,000 | 4,300,000,000 | ||
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Borrowings [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 1,800,000,000 | 1,800,000,000 | 1,800,000,000 | ||
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,400,000,000 | 2,400,000,000 | 2,200,000,000 | ||
Past Due [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 358,000 | ||||
Unisured Portion Of Government Deposits [Member] | Asset Pledged as Collateral [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 68,200,000 | $ 68,200,000 | 123,700,000 | ||
Puerto Rico [Member] | Product Concentration Risk [Member] | Loans and Finance Receivables [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Credit risk concentration | 79% | ||||
United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,044,643,000 | $ 2,044,643,000 | $ 2,088,351,000 | ||
United States [Member] | Product Concentration Risk [Member] | Loans and Finance Receivables [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Credit risk concentration | 17% | ||||
USVI and BVI [Member] | Product Concentration Risk [Member] | Loans and Finance Receivables [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Credit risk concentration | 4% | ||||
Nonaccrual loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable Accrued Interest Writeoff | $ 900,000 | 500,000 | $ 2,000,000 | 1,200,000 | |
Collateral Pledged [Member] | Weighted Average [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
LTV Coverage % | 72% | 72% | 70% | ||
Loans and Finance Receivables [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Interest Receivable | $ 55,200,000 | $ 55,200,000 | $ 53,100,000 | ||
GNMA [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans pooled amount | 102,900,000 | 115,700,000 | 102,900,000 | 115,700,000 | |
Recognized gain on sale | 2,200,000 | 3,200,000 | |||
Residential Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Residential mortgage loans in process of foreclosure | 43,800,000 | $ 43,800,000 | |||
Loans Foreclosure Delinquency Threshold | 120 days | ||||
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block] | The commences 120 procedures foreclosures may be delayed due to, among other reasons, mandatory | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 499,000 | 1,466,000 | $ 2,628,000 | 6,073,000 | |
Loans and finance leases | (3,349,000) | 755,000 | (6,776,000) | (6,913,000) | |
Loans held for investment | 2,812,631,000 | 2,812,631,000 | 2,847,290,000 | ||
Residential Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PRHFA [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 79,300,000 | 79,300,000 | 84,700,000 | ||
Residential Portfolio Segment [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 6,000 | ||||
Loans held for investment | 458,952,000 | 458,952,000 | 429,390,000 | ||
Residential Portfolio Segment [Member] | Performing loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,780,685,000 | 2,780,685,000 | 2,804,518,000 | ||
Residential Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 452,255,000 | 452,255,000 | 422,089,000 | ||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 31,946,000 | 31,946,000 | 42,772,000 | ||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 6,697,000 | 6,697,000 | 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 | 6,100,000 | 6,100,000 | |||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 401,000 | 1,536,000 | |||
Loans held for investment | 2,708,535,000 | 2,708,535,000 | 2,729,132,000 | ||
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 | 71,000 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 457,988,000 | 457,988,000 | 428,648,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,676,589,000 | 2,676,589,000 | 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] | |||||
Loans held for investment | 451,291,000 | 451,291,000 | 421,347,000 | ||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 31,946,000 | 31,946,000 | 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] | |||||
Loans held for investment | 6,697,000 | 6,697,000 | 7,301,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Residential mortgage loans in process of foreclosure | 18,400,000 | 18,400,000 | |||
Loans modified to borrowers experiencing financial difficulty | 900,000 | 3,200,000 | |||
Loans held for investment | 104,096,000 | 104,096,000 | 118,158,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 964,000 | 964,000 | 742,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 104,096,000 | 104,096,000 | 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] | |||||
Loans held for investment | 964,000 | 964,000 | 742,000 | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 0 | 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] | |||||
Loans held for investment | 0 | 0 | 0 | ||
Residential Portfolio Segment [Member] | FNMA and FHLMC Loans | Performing loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Gain from sale of loans | 700,000 | 4,000,000 | |||
Residential mortgage loans sold | 28,600,000 | 90,800,000 | |||
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | Past Due [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Purchase | 2,500,000 | 8,200,000 | |||
Loans held for investment | 8,500,000 | 8,500,000 | 10,400,000 | ||
Commercial Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Sale | 0 | ||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 185,000,000 | 185,000,000 | 169,800,000 | ||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PREPA [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 8,900,000 | 8,900,000 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Property Tax Revenue [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 115,800,000 | 115,800,000 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Municipal Special Obligation Bond [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 25,600,000 | 25,600,000 | |||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 87,500,000 | 87,500,000 | 38,000,000 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 4,000 | 63,000 | 42,000 | 123,000 | |
Loans and finance leases | (642,000) | (179,000) | 1,420,000 | (2,242,000) | |
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | |||
Loans held for investment | 202,774,000 | 202,774,000 | 132,953,000 | ||
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, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | ||||
Loans held for investment | 100,447,000 | 100,447,000 | 98,181,000 | ||
Commercial Portfolio Segment [Member] | Central Government [Member] | Puerto Rico [Member] | Government [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 34,700,000 | 34,700,000 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 1,000 | 3,000 | 107,000 | 42,000 | |
Loans and finance leases | (1,344,000) | (2,383,000) | 5,901,000 | (23,758,000) | |
Loans modified to borrowers experiencing financial difficulty | 2,225,000 | 32,395,000 | |||
Loans held for investment | 2,316,113,000 | 2,316,113,000 | 2,358,851,000 | ||
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, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | ||||
Loans held for investment | 536,105,000 | 536,105,000 | 524,647,000 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,000 | 8,000 | 6,477,000 | 366,000 | |
Loans and finance leases | 1,931,000 | (1,228,000) | 3,278,000 | (575,000) | |
Loans modified to borrowers experiencing financial difficulty | 192,000 | 377,000 | |||
Loans held for investment | 3,030,954,000 | 3,030,954,000 | 2,886,263,000 | ||
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] | Puerto Rico [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Sale | 35,200,000 | ||||
Increase (decrease) in loans | 9,500,000 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Purchase | 61,300,000 | 135,400,000 | |||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 6,202,000 | ||||
Loans held for investment | 942,680,000 | 942,680,000 | 1,026,154,000 | ||
Consumer Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 19,746,000 | 12,522,000 | 53,006,000 | 32,765,000 | |
Loans and finance leases | 14,047,000 | $ 17,387,000 | 43,846,000 | $ 43,516,000 | |
Loans held for investment | 3,588,460,000 | 3,588,460,000 | 3,327,468,000 | ||
Consumer Portfolio Segment [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 286,000 | ||||
Loans held for investment | 6,459,000 | 6,459,000 | 9,979,000 | ||
Consumer Portfolio Segment [Member] | Performing loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 3,569,323,000 | 3,569,323,000 | 3,312,662,000 | ||
Consumer Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 6,361,000 | 6,361,000 | 9,784,000 | ||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 19,137,000 | 19,137,000 | 14,806,000 | ||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | $ 98,000 | $ 98,000 | $ 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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 4,143 | $ 37,965 | ||
Post-Modification Outstanding Recorded Investment | $ 2,988 | $ 18,553 | ||
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 401 | $ 1,536 | ||
Percentage of Total by Portfolio Classes | 0.01% | 0.05% | ||
Post-Modification Outstanding Recorded Investment | 1,154 | 5,598 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 192 | $ 377 | ||
Percentage of Total by Portfolio Classes | 0.01% | 0.01% | ||
Post-Modification Outstanding Recorded Investment | 495 | 2,803 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 2,225 | $ 32,395 | ||
Percentage of Total by Portfolio Classes | 0.10% | 1.40% | ||
Post-Modification Outstanding Recorded Investment | 0 | 5,890 | ||
Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 0 | $ 0 | ||
Percentage of Total by Portfolio Classes | 0% | 0% | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 741 | $ 1,898 | ||
Percentage of Total by Portfolio Classes | 0.04% | 0.10% | ||
Post-Modification Outstanding Recorded Investment | 787 | 2,510 | ||
Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 82 | 469 | ||
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 154 | $ 297 | ||
Percentage of Total by Portfolio Classes | 0.04% | 0.08% | ||
Post-Modification Outstanding Recorded Investment | 133 | 318 | ||
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 368 | $ 1,033 | ||
Percentage of Total by Portfolio Classes | 0.11% | 0.32% | ||
Post-Modification Outstanding Recorded Investment | 252 | 647 | ||
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 62 | $ 429 | ||
Percentage of Total by Portfolio Classes | 0.04% | 0.28% | ||
Post-Modification Outstanding Recorded Investment | 85 | 318 | ||
Forbearance [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 0 | $ 0 | ||
Forbearance [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 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 | 0 | ||
Forbearance [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Forbearance [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Forbearance [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Forbearance [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Forbearance [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Forbearance [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Payment Plan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Payment Plan [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 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 | 0 | ||
Payment Plan [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Payment Plan [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Payment Plan [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Payment Plan [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 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 | 0 | ||
Payment Plan [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Trial Modification [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 401 | 610 | ||
Trial Modification [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 401 | 610 | ||
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 | 0 | ||
Trial Modification [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Trial Modification [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Trial Modification [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Trial Modification [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 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 | 0 | ||
Trial Modification [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Interest Rate Reduction [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 560 | 1,225 | ||
Post-Modification Outstanding Recorded Investment | 1,418 | 4,069 | ||
Interest Rate Reduction [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 192 | 192 | ||
Post-Modification Outstanding Recorded Investment | 495 | 895 | ||
Interest Rate Reduction [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 661 | 2,120 | ||
Interest Rate Reduction [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 99 | ||
Interest Rate Reduction [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 368 | 1,033 | ||
Post-Modification Outstanding Recorded Investment | 252 | 647 | ||
Interest Rate Reduction [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 10 | 93 | ||
Term Extension [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 2,420 | 3,774 | ||
Post-Modification Outstanding Recorded Investment | 387 | 2,629 | ||
Term Extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 687 | ||
Post-Modification Outstanding Recorded Investment | 132 | 1,484 | ||
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 | 185 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Term Extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 2,225 | 2,225 | ||
Post-Modification Outstanding Recorded Investment | 0 | 245 | ||
Term Extension [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Term Extension [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 74 | 234 | ||
Post-Modification Outstanding Recorded Investment | 42 | 126 | ||
Term Extension [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 82 | 451 | ||
Term Extension [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 67 | 132 | ||
Post-Modification Outstanding Recorded Investment | 75 | 135 | ||
Term Extension [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Term Extension [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 54 | 311 | ||
Post-Modification Outstanding Recorded Investment | 56 | 188 | ||
Combination Of Interest Rate Reduction And Term Extension [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 150 | 30,817 | ||
Post-Modification Outstanding Recorded Investment | 142 | 5,716 | ||
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 | 0 | 239 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 30,170 | ||
Post-Modification Outstanding Recorded Investment | 0 | 5,178 | ||
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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 59 | 153 | ||
Post-Modification Outstanding Recorded Investment | 84 | 264 | ||
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 | 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 | 87 | 165 | ||
Post-Modification Outstanding Recorded Investment | 58 | 84 | ||
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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 4 | 90 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 19 | 862 | ||
Forgiveness Of Principal And/Or Interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 825 | ||
Forgiveness Of Principal And/Or Interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Forgiveness Of Principal And/Or Interest [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 19 | 37 | ||
Other Loan Modifications [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 612 | 1,539 | ||
Post-Modification Outstanding Recorded Investment | 1,022 | 5,277 | ||
Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 1,022 | 3,709 | ||
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 | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 1,083 | ||
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 467 | ||
Other Loan Modifications [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Other Loan Modifications [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | 608 | 1,511 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Other Loan Modifications [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 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 | 0 | ||
Post-Modification Outstanding Recorded Investment | 0 | 0 | ||
Other Loan Modifications [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Loans modified to borrowers experiencing financial difficulty | $ 4 | $ 28 | ||
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 |
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] | 3 Months Ended | 9 Months Ended |
Sep. 30, 2023 | Sep. 30, 2023 | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Weighted-Average Term Extension (in months) | 105 months | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0.45% | 0.45% |
Weighted-Average Term Extension (in months) | 72 months | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Weighted-Average Term Extension (in months) | 13 months | 13 months |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Weighted-Average Term Extension (in months) | 31 months | 27 months |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Weighted-Average Term Extension (in months) | 35 months | 35 months |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 16.67% | 16.27% |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% |
Weighted-Average Term Extension (in months) | 22 months | 26 months |
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 (%) | 0% | 2.95% |
Weighted-Average Term Extension (in months) | 105 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% | 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% | 0.25% |
Weighted-Average Term Extension (in months) | 64 months | |
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% | 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 (%) | 2.27% | 3.10% |
Weighted-Average Term Extension (in months) | 25 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 (%) | 3.61% | 4.29% |
Weighted-Average Term Extension (in months) | 41 months | 33 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% | 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 (%) | 2% | 1.74% |
Weighted-Average Term Extension (in months) | 10 months | 23 months |
LOANS HELD FOR INVESTMENT - Per
LOANS HELD FOR INVESTMENT - Performance of Loans Modified During Period (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2023 | Sep. 30, 2023 | |
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | $ 4,143 | $ 37,965 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 291 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 52 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 15 | |
Total Delinquency [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 358 | |
Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 37,607 | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 401 | 1,536 |
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 | 71 | |
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 | 71 | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 1,465 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 192 | 377 |
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 | 377 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 2,225 | 32,395 |
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 | 32,395 | |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 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 | 741 | 1,898 |
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 | 22 | |
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 | 0 | |
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 | 22 | |
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 1,876 | |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 154 | 297 |
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 | 15 | |
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 | 15 | |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 282 | |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 368 | 1,033 |
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 | 149 | |
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 | 35 | |
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 | 184 | |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 849 | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | $ 62 | 429 |
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 | 34 | |
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 | 17 | |
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 | 15 | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | 66 | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Financing Receivable Excluding Accrued Interest Modified Period | $ 363 |
LOANS HELD FOR INVESTMENT - L_3
LOANS HELD FOR INVESTMENT - Loan Modifications are Considered TDRs (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2022 USD ($) numberofcontracts | Sep. 30, 2022 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 141 | 451 |
Pre-modification Outstanding Recorded Investment | $ 3,037 | $ 18,835 |
Post-Modification Outstanding Recorded Investment | $ 2,988 | $ 18,553 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 12 | 49 |
Pre-modification Outstanding Recorded Investment | $ 1,220 | $ 5,668 |
Post-Modification Outstanding Recorded Investment | $ 1,154 | $ 5,598 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 3 | 15 |
Pre-modification Outstanding Recorded Investment | $ 495 | $ 3,031 |
Post-Modification Outstanding Recorded Investment | $ 495 | $ 2,803 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 3 |
Pre-modification Outstanding Recorded Investment | $ 0 | $ 5,897 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 5,890 |
Construction loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 0 |
Pre-modification Outstanding Recorded Investment | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 35 | 123 |
Pre-modification Outstanding Recorded Investment | $ 790 | $ 2,512 |
Post-Modification Outstanding Recorded Investment | $ 787 | $ 2,510 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 5 | 26 |
Pre-modification Outstanding Recorded Investment | $ 82 | $ 469 |
Post-Modification Outstanding Recorded Investment | $ 82 | $ 469 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 7 | 19 |
Pre-modification Outstanding Recorded Investment | $ 116 | $ 301 |
Post-Modification Outstanding Recorded Investment | $ 133 | $ 318 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 29 | 77 |
Pre-modification Outstanding Recorded Investment | $ 83 | $ 311 |
Post-Modification Outstanding Recorded Investment | $ 85 | $ 318 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 50 | 139 |
Pre-modification Outstanding Recorded Investment | $ 251 | $ 646 |
Post-Modification Outstanding Recorded Investment | $ 252 | $ 647 |
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 | 9 Months Ended |
Sep. 30, 2022 USD ($) numberofcontracts | Sep. 30, 2022 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 47 | 125 |
Amortized Cost | $ | $ 888 | $ 2,444 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 1 | 5 |
Amortized Cost | $ | $ 50 | $ 534 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 0 |
Amortized Cost | $ | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 0 |
Amortized Cost | $ | $ 0 | $ 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 0 |
Amortized Cost | $ | $ 0 | $ 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 31 | 75 |
Amortized Cost | $ | $ 776 | $ 1,674 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 1 |
Amortized Cost | $ | $ 0 | $ 16 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 0 | 0 |
Amortized Cost | $ | $ 0 | $ 0 |
Credit Cards [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 14 | 39 |
Amortized Cost | $ | $ 60 | $ 201 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of contracts | numberofcontracts | 1 | 5 |
Amortized Cost | $ | $ 2 | $ 19 |
ALLOWANCE FOR CREDIT LOSSES F_3
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES - Activity in ACL on loans and finance leases (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | $ 267,058 | $ 252,152 | $ 260,464 | $ 269,030 |
Provision for credit losses - (benefit) expense | 10,643 | 14,352 | 47,669 | 10,028 |
Charge-offs | (20,259) | (14,062) | (62,260) | (39,369) |
Recoveries | 6,173 | 5,417 | 15,626 | 18,170 |
Ending balance | 263,615 | 257,859 | 263,615 | 257,859 |
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 | 60,514 | 65,231 | 62,760 | 74,837 |
Provision for credit losses - (benefit) expense | (3,349) | 755 | (6,776) | (6,913) |
Charge-offs | (499) | (1,466) | (2,628) | (6,073) |
Recoveries | 534 | 559 | 1,788 | 3,228 |
Ending balance | 57,200 | 65,079 | 57,200 | 65,079 |
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 | 28,014 | 36,203 | 32,906 | 34,284 |
Provision for credit losses - (benefit) expense | 1,931 | (1,228) | 3,278 | (575) |
Charge-offs | (9) | (8) | (6,477) | (366) |
Recoveries | 161 | 494 | 383 | 2,118 |
Ending balance | 30,097 | 35,461 | 30,097 | 35,461 |
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 | 42,427 | 32,619 | 35,064 | 52,771 |
Provision for credit losses - (benefit) expense | (1,344) | (2,383) | 5,901 | (23,758) |
Charge-offs | (1) | (3) | (107) | (42) |
Recoveries | 75 | 57 | 299 | 1,319 |
Ending balance | 41,157 | 30,290 | 41,157 | 30,290 |
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 | 4,804 | 2,020 | 2,308 | 4,048 |
Provision for credit losses - (benefit) expense | (642) | (179) | 1,420 | (2,242) |
Charge-offs | (4) | (63) | (42) | (123) |
Recoveries | 1,463 | 43 | 1,935 | 138 |
Ending balance | 5,621 | 1,821 | 5,621 | 1,821 |
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 | 131,299 | 116,079 | 127,426 | 103,090 |
Provision for credit losses - (benefit) expense | 14,047 | 17,387 | 43,846 | 43,516 |
Charge-offs | (19,746) | (12,522) | (53,006) | (32,765) |
Recoveries | 3,940 | 4,264 | 11,221 | 11,367 |
Ending balance | $ 129,540 | $ 125,208 | 129,540 | $ 125,208 |
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 F_4
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES - Carrying Amount of Portfolios (Detail) - Allowance for loan and lease losses, numerator [Member] - Amortized cost, denominator [Member] | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Residential Mortgage Loans [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 2.03% | 2.20% |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 0.99% | 1.14% |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 1.78% | 1.49% |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 2.77% | 1.74% |
Consumer Portfolio Segment [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 3.61% | 3.83% |
Loan Total [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Allowance for credit losses to amortized cost | 2.21% | 2.25% |
ALLOWANCE FOR CREDIT LOSSES F_5
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES - Activity in ACL for unfunded loan commitments and standby letters of credit (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | $ 4,889 | $ 2,171 | $ 4,273 | $ 1,537 |
Provision for credit losses - (benefit) expense | (128) | 2,071 | 488 | 2,705 |
Ending balance | $ 4,761 | $ 4,242 | $ 4,761 | $ 4,242 |
ALLOWANCE FOR CREDIT LOSSES F_6
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | $ (3,100) | |||||||
Provision for credit losses - (benefit) expense | $ 10,643 | $ 14,352 | 47,669 | $ 10,028 | ||||
Recoveries | 6,173 | 5,417 | 15,626 | 18,170 | ||||
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | (128) | 2,071 | 488 | 2,705 | ||||
Off-Balance Sheet, Credit Loss, Liability | 4,761 | 4,242 | 4,761 | 4,242 | $ 4,889 | $ 4,273 | $ 2,171 | $ 1,537 |
Charge-offs | 20,259 | 14,062 | 62,260 | 39,369 | ||||
Net disbursements on loans held for investment | 485,198 | 308,386 | ||||||
Residential Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | (5,600) | |||||||
Provision for credit losses - (benefit) expense | (3,349) | 755 | (6,776) | (6,913) | ||||
Recoveries | 534 | 559 | 1,788 | 3,228 | ||||
Charge-offs | 499 | 1,466 | 2,628 | 6,073 | ||||
Residential Portfolio Segment [Member] | U S [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 6 | |||||||
Commercial Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | 6,600 | |||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Provision for credit losses - (benefit) expense | 1,931 | (1,228) | 3,278 | (575) | ||||
Recoveries | 161 | 494 | 383 | 2,118 | ||||
Charge-offs | 9 | 8 | 6,477 | 366 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Provision for credit losses - (benefit) expense | (642) | (179) | 1,420 | (2,242) | ||||
Recoveries | 1,463 | 43 | 1,935 | 138 | ||||
Charge-offs | 4 | 63 | 42 | 123 | ||||
Commercial Portfolio Segment [Member] | U S [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 6,202 | |||||||
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] | Puerto Rico [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
ACL, amount of reserve increase | 1,700 | |||||||
Inflow of loan | 9,500 | |||||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Provision for credit losses - (benefit) expense | (1,344) | (2,383) | 5,901 | (23,758) | ||||
Recoveries | 75 | 57 | 299 | 1,319 | ||||
Charge-offs | 1 | 3 | 107 | 42 | ||||
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] | ||||||||
Increase (decrease) in ACL | 2,100 | |||||||
Provision for credit losses - (benefit) expense | 14,047 | 17,387 | 43,846 | 43,516 | ||||
Recoveries | 3,940 | 4,264 | 11,221 | 11,367 | ||||
Charge-offs | $ 19,746 | $ 12,522 | 53,006 | $ 32,765 | ||||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 14,187 | |||||||
Consumer Portfolio Segment [Member] | U S [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 286 | |||||||
Consumer Portfolio Segment [Member] | U S [Member] | Automobile Loan [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | $ 286 |
OTHER REAL ESTATE OWNED- Other
OTHER REAL ESTATE OWNED- Other real estate owned (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Real Estate Properties [Line Items] | ||
OREO | $ 28,563 | $ 31,641 |
Residential [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 20,740 | 24,025 |
Commercial [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 5,962 | 5,852 |
Commercial [Member] | Construction [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | $ 1,861 | $ 1,764 |
OTHER REAL ESTATE OWNED- Additi
OTHER REAL ESTATE OWNED- Additional information (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Real Estate Properties [Line Items] | ||
Other assets | $ 285,410 | $ 305,633 |
Government Guaranteed Mortgage Loans Upon Foreclosure Receivable [Member] | ||
Real Estate Properties [Line Items] | ||
Other assets | $ 19,600 | $ 23,500 |
GOODWILL AND OTHER INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Finite Lived Intangible Assets [Line Items] | |||||
Goodwill | $ 38,611,000 | $ 38,611,000 | $ 38,611,000 | ||
Goodwill impairment | 0 | ||||
Amortization of intangible assets | 1,900,000 | $ 2,200,000 | 5,889,000 | $ 6,689,000 | |
Change in carrying amount of goodwill | $ 0 | $ 0 | $ 0 | $ 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 first nine months of 2023. | ||||
Impaired Intangible Asset Description | The Corporation amortizes core deposit intangibles based on the projected useful lives of the related deposits. Core deposit intangibles are analyzed 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 as of September 30, 2023. |
GOODWILL AND OTHER INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Finite Lived Intangible Assets [Line Items] | ||
Net carrying amount | $ 15,229 | $ 21,118 |
Core Deposits [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | 87,544 | 87,544 |
Accumulated amortization | (72,315) | (66,644) |
Net carrying amount | $ 15,229 | $ 20,900 |
Remaining amortization period (in years) | 6 years 3 months 18 days | 7 years |
Customer Relationships [Member] | Credit Card [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | $ 0 | $ 3,800 |
Accumulated amortization | 0 | (3,595) |
Net carrying amount | 0 | $ 205 |
Remaining amortization period (in years) | 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 | Sep. 30, 2023 USD ($) |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
Remaining 2023 | $ 1,847 |
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 (VIEs) AND SERVICING ASSETS - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
Apr. 30, 2004 | Sep. 30, 2023 | Jun. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Gain on early extinguishment of debt | $ 0 | $ 0 | $ 1,605 | $ 0 | |||||
Servicing Asset at Amortized Cost | 27,601 | $ 28,034 | 29,690 | 27,601 | 29,690 | $ 29,037 | $ 30,277 | $ 30,986 | |
Servicing Asset At Fair Value Amount | $ 45,114 | $ 45,114 | $ 44,710 | ||||||
Weighted-average yield | 1.24% | 1.24% | 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 | $ 465 | 433 | 664 | $ 465 | 664 | $ 458 | 676 | 1,105 | |
Junior subordinated debentures | $ 161,700 | $ 161,700 | $ 183,762 | ||||||
Statutory Trust One [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Trust preferred securities repurchased | $ 21,400 | ||||||||
Trust Preferred Purchase Price Percent | 92.50% | ||||||||
Trust Preferred Securities Discount | 7.50% | ||||||||
Gain on early extinguishment of debt | $ 1,600 | ||||||||
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% | ||||||||
Junior Subordinated Debt [Member] | Secured Overnight Financing Rate Sofr Overnight Index Swap Rate [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Spread on variable rate | 0.26161% | ||||||||
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | ||||||||
Junior Subordinated Debt [Member] | Secured Overnight Financing Rate Sofr Overnight Index Swap Rate [Member] | Statutory Trust One [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Spread on variable rate | 2.75% | ||||||||
Junior Subordinated Debt [Member] | Secured Overnight Financing Rate Sofr Overnight Index Swap Rate [Member] | Statutory Trust Two [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Spread on variable rate | 2.50% | ||||||||
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 | ||||||||
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). | ||||||||
Residential MBS [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Weighted-average yield | 1.54% | 1.54% | 1.52% | ||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 83 | $ 83 | $ 83 | ||||||
Residential MBS [Member] | Private label [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Weighted-average yield | 7.73% | 7.73% | |||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 100 | $ 100 | 100 | ||||||
Residential MBS [Member] | Secured Overnight Financing Rate Sofr Overnight Index Swap Rate [Member] | Private label [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Spread on variable rate | 0.26161% | ||||||||
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | ||||||||
Residential MBS [Member] | Private label [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Servicing Asset at Amortized Cost | 7,300 | $ 7,300 | |||||||
Servicing Asset At Fair Value Amount | 4,900 | 4,900 | |||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 83 | $ 83 | $ 290 | 83 | $ 290 | $ 83 | $ 290 | $ 797 | |
GNMA [Member] | |||||||||
Servicing Liabilities At Fair Value [Line Items] | |||||||||
Principal amount of corporation serviced loans securitized through GNMA | $ 2,100,000 | $ 2,100,000 |
NON-CONSOLIDATED VARIABLE INT_4
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Balance at beginning of period | $ 28,034 | $ 30,277 | $ 29,037 | $ 30,986 |
Capitalization of servicing assets | 601 | 679 | 1,839 | 2,637 |
Amortization | (1,035) | (1,247) | (3,265) | (3,850) |
Temporary impairment recoveries | 7 | 1 | 12 | 65 |
Other | (6) | (20) | (22) | (148) |
Balance at end of period | $ 27,601 | $ 29,690 | $ 27,601 | $ 29,690 |
NON-CONSOLIDATED VARIABLE INT_5
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Balance at beginning of period | $ 7 | $ 14 | $ 12 | $ 78 |
Temporary impairment recoveries | (7) | (1) | (12) | (65) |
Balance at end of period | $ 0 | $ 13 | $ 0 | $ 13 |
NON-CONSOLIDATED VARIABLE INT_6
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Servicing fees | $ 2,606 | $ 2,758 | $ 7,984 | $ 8,398 |
Late charges and prepayment penalties | 137 | 201 | 547 | 614 |
Other | (6) | (20) | (22) | (148) |
Servicing income, gross | 2,737 | 2,939 | 8,509 | 8,864 |
Amortization and impairment of servicing assets | (1,028) | (1,246) | (3,253) | (3,785) |
Servicing income, net | $ 1,709 | $ 1,693 | $ 5,256 | $ 5,079 |
NON-CONSOLIDATED VARIABLE INT_7
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS - Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans (Detail) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 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 | 7.40% | 6.60% |
Discount rate | 9.50% | 9.80% |
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 | 5.90% | 6% |
Discount rate | 13% | 12.40% |
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 | 6.60% | 6.60% |
Discount rate | 11.50% | 11.80% |
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 | 9% | 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% | 9.50% |
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% | 3.80% |
Discount rate | 11.50% | 11.50% |
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% | 11.50% |
NON-CONSOLIDATED VARIABLE INT_8
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||||
Carrying amount of servicing assets | $ 27,601 | $ 29,037 | $ 28,034 | $ 29,690 | $ 30,277 | $ 30,986 |
Fair value | $ 45,114 | $ 44,710 | ||||
Weighted-average expected life | 7 years 9 months | 7 years 9 months 18 days | ||||
Constant prepayment rate | 6.31% | 6.40% | ||||
Decrease in fair value due to 10% adverse change | $ 1,036 | $ 1,048 | ||||
Decrease in fair value due to 20% adverse change | $ 2,027 | $ 2,054 | ||||
Discount rate | 10.72% | 10.69% | ||||
Decrease in fair value due to 10% adverse change | $ 1,937 | $ 1,925 | ||||
Decrease in fair value due to 20% adverse change | $ 3,727 | $ 3,704 |
DEPOSITS - Narratives (Detail)
DEPOSITS - Narratives (Detail) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022 |
Deposits [Line Items] | ||
Unamortized broker placement fees | $ 0.3 | $ 0.3 |
Time deposits in denominations of $250,000 or more | $ 1,400 | $ 1,000 |
DEPOSITS - Summary of Deposit B
DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Deposits, by Type [Abstract] | ||
Non-interest-bearing deposit accounts | $ 5,440,247 | $ 6,112,884 |
Interest-bearing saving accounts | 3,687,203 | 3,902,888 |
Interest-bearing checking accounts | 4,242,672 | 3,770,993 |
Certificates of deposit ("CDs") | 2,754,776 | 2,250,876 |
Brokered CDs | 310,339 | 105,826 |
Total deposits | $ 16,435,237 | $ 16,143,467 |
DEPOSITS - Certificates of Depo
DEPOSITS - Certificates of Deposits Mature (Detail) $ in Thousands | Sep. 30, 2023 USD ($) |
DEPOSITS [Abstract] | |
Three months or less | $ 786,211 |
Over three months to six months | 496,333 |
Over six months to one year | 785,367 |
Over one year to two years | 716,417 |
Over two years to three years | 113,932 |
Over three years to four years | 49,303 |
Over four years to five years | 110,325 |
Over five years | 7,227 |
Total | $ 3,065,115 |
DEPOSITS - Interest Expenses on
DEPOSITS - Interest Expenses on deposits (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Interest Expense, Deposits [Abstract] | ||||
Interest expense on deposits | $ 54,243 | $ 10,045 | $ 125,720 | $ 25,619 |
Accretion of premiums from acquisitions | (33) | (92) | (149) | (384) |
Amortization of broker placement fees | 88 | 25 | 216 | 89 |
Total | $ 54,298 | $ 9,978 | $ 125,787 | $ 25,324 |
SECURITIES SOLD UNDER AGREEME_3
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Narratives (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | ||
Maximum aggregate balance outstanding | $ 0 | $ 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 | 4.55% | |
Maximum aggregate balance outstanding | $ 0 | $ 75,133 |
SECURITIES SOLD UNDER AGREEME_4
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 0 | $ 75,133 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 0 | $ 75,133 |
SECURITIES SOLD UNDER AGREEME_5
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) | Dec. 31, 2022 |
Short-term Debt [Member] | |
Assets Sold under Agreements to Repurchase [Line Items] | |
Weighted-average interest rates on repurchase agreements | 4.55% |
SECURITIES SOLD UNDER AGREEME_6
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Schedule of Repurchase Agreement Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Short-term securities sold under agreements to repurchase | $ 0 | $ 75,133 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Short-term securities sold under agreements to repurchase | $ 0 | $ 75,133 |
SECURITIES SOLD UNDER AGREEME_7
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPURCHASE AGREEMENTS) - Repurchase Agreements Grouped by Counterparty (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Repurchase Agreement Counterparty [Line Items] | ||
Repurchase agreements | $ 0 | $ 75,133 |
ADVANCES FROM THE FEDERAL HOM_3
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 0 | $ 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) | Sep. 30, 2023 | Dec. 31, 2022 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 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 | Sep. 30, 2023 | Dec. 31, 2022 |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | ||
Over one to five years | $ 500,000 | |
Total | $ 500,000 | $ 675,000 |
ADVANCES FROM THE FEDERAL HOM_6
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Federal Home Loan Bank, Advances [Line Items] | |||
Proceeds from long-term borrowings | $ 300,000 | $ 0 | |
Short-term Debt [Member] | |||
Federal Home Loan Bank, Advances [Line Items] | |||
Fixed-rate advances from FHLB | 0 | $ 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] | |||
Proceeds from long-term borrowings | $ 300,000 | ||
Fixed-rate advances from FHLB, interest rate | 4.59% |
ADVANCES FROM THE FEDERAL HOM_7
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Parenthetical) (Detail) | 9 Months Ended |
Sep. 30, 2023 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
FHLB, average remaining term to maturity | 2 years 8 months 26 days |
OTHER LONG-TERM BORROWINGS - Co
OTHER LONG-TERM BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 161,700 | $ 183,762 |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 43,143 | 65,205 |
due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 118,557 | $ 118,557 |
OTHER LONG-TERM BORROWINGS - _2
OTHER LONG-TERM BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail) - Junior Subordinated Debt [Member] | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
SOFR [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 0.26161% | |
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | |
SOFR [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.75% | |
SOFR [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.50% | |
due June 17, 2034 [Member] | London Interbank Offered Rate (LIBOR) [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 | 7.49% | |
due June 17, 2034 [Member] | SOFR [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 0.26161% | |
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 8.42% | |
due September 20, 2034 [Member] | London Interbank Offered Rate (LIBOR) [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 | 7.25% | |
due September 20, 2034 [Member] | SOFR [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 0.26161% | |
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 8.16% |
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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income: | ||||
Net income attributable to common stockholders | $ 82,022 | $ 74,603 | $ 223,375 | $ 231,898 |
Weighted-Average Shares: | ||||
Average common shares outstanding | 176,358 | 187,236 | 178,486 | 193,217 |
Average potential dilutive common shares | 604 | 1,083 | 658 | 1,151 |
Average common shares outstanding - assuming dilution | 176,962 | 188,319 | 179,144 | 194,368 |
Earnings per common share: | ||||
Basic | $ 0.47 | $ 0.40 | $ 1.25 | $ 1.20 |
Diluted | $ 0.46 | $ 0.40 | $ 1.25 | $ 1.19 |
EARNINGS PER COMMON SHARE - Add
EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
EARNINGS PER COMMON SHARE [Abstract] | ||||
Antidilutive shares of common stock | 0 | 0 | 0 | 0 |
STOCK-BASED COMPENSATION - Omni
STOCK-BASED COMPENSATION - Omnibus Plan - Additional Information (Detail) - Omnibus Plan [Member] | Sep. 30, 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 | 3,151,949 |
STOCK-BASED COMPENSATION - Rest
STOCK-BASED COMPENSATION - Restricted Stock - Additional Information (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Granted performance units | 519,794 | 323,364 | ||
Stock-based compensation expense | $ 1.3 | $ 0.9 | $ 4.3 | $ 2.7 |
Unrecognized compensation cost related to unvested shares | $ 5.4 | $ 5.4 | ||
Period for cost recognition not yet recognized | 1 year 8 months 12 days | |||
Director [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Granted performance units | 25,786 | 24,972 | ||
Management [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Granted performance units | 494,008 | 298,392 | ||
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 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 percentage | 50% |
STOCK-BASED COMPENSATION - Re_2
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - $ / shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 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 | 519,794 | 323,364 |
Forfeited | (58,454) | (15,108) |
Vested | (503,460) | (510,007) |
Unvested shares of outstanding, end of period | 896,371 | 947,024 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 9.14 | $ 6.61 |
Weighted-Average Grant Date Fair Value, Granted | 12.06 | 13.18 |
Weighted-Averages Grant Date Fair Value, Forfeited | 11.31 | 8.79 |
Weighted-Average Grant Date Fair Value, Vested | 6.27 | 6.05 |
Weighted-Average Grant Date Fair Value, end of period | $ 12.32 | $ 9.12 |
STOCK-BASED COMPENSATION - Re_3
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Parenthetical) (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 519,794 | 323,364 |
Director [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 25,786 | 24,972 |
Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 494,008 | 298,392 |
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 | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 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 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 individual achievement of each performance goal during a three-year performance cycle. Amounts between threshold, target and maximum performance will vest in a proportional amount. Performance units granted prior to March 16, 2023 vest subject only to achievement of a TBVPS goal and the participant may earn only up to 100% of their target opportunity. | ||||
Stock-based compensation expense | $ 0.6 | $ 0.5 | $ 1.6 | $ 1.3 | |
Unrecognized compensation cost related to unvested performance units | $ 3.6 | $ 3.6 | |||
Period for cost recognition not yet recognized | 2 years | ||||
Fair Value assumptions method used | The fair value of the performance units awarded during the nine-month periods ended September 30, 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 September 30, 2023, there have been no changes in 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 nine-month period ended September 30, 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] | |||||
Target opportunity, percentage | 50% | ||||
Maximum [Member] | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Vesting right percentage | 100% | ||||
Target opportunity, percentage | 150% | ||||
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 | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 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] | 9 Months Ended |
Sep. 30, 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 (in years) | 2 years 9 months 14 days |
STOCK-BASED COMPENSATION - Trea
STOCK-BASED COMPENSATION - Treasury Stock - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 778 | 288,613 | |
Omnibus Plan [Member] | Restricted Stock [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 288,613 | 202,649 |
STOCKHOLDERS' EQUITY - Addition
STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||||||||
Oct. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jul. 24, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Apr. 27, 2022 | Dec. 31, 2021 | |
Class Of Stock [Line Items] | |||||||||||
Dividends declared per common share | $ 0.14 | $ 0.12 | $ 0.42 | $ 0.34 | |||||||
Preferred Stock Shares Authorized | 50,000,000 | 50,000,000 | |||||||||
Preferred stock, par value | $ 1 | $ 1 | |||||||||
Treasury Stock Shares Acquired | 5,393,236 | 5,385,857 | 9,258,611 | 16,066,747 | |||||||
Treasury Stock Shares | 49,276,790 | 37,405,457 | 49,276,790 | 37,405,457 | 43,906,494 | 40,954,057 | 32,036,780 | 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 | $ 168,484,000 | ||||||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | ||||||||
Stock Issued During Period Shares Treasury Stock Reissued | 23,903 | 21,924 | 994,332 | 513,009 | |||||||
Shares Paid For Tax Withholding For Share Based Compensation | 778 | 288,613 | |||||||||
Dividends paid on common stock | $ 24,900,000 | $ 22,700,000 | $ 75,600,000 | $ 65,900,000 | |||||||
New Stock Repurchase Program [Member] | |||||||||||
Class Of Stock [Line Items] | |||||||||||
Treasury Stock Shares Acquired | 5,392,458 | 8,969,998 | |||||||||
Common stock repurchased price per share | $ 13.91 | $ 13.94 | |||||||||
Stock Repurchase Program Authorized Amount 1 | $ 350,000,000 | ||||||||||
Stock Repurchased During Period Shares | 0 | ||||||||||
Common stock repurchase value | $ 75,000,000 | $ 125,000,000 | |||||||||
Stock Repurchase Program Announced July 24, 2023 [Member] | |||||||||||
Class Of Stock [Line Items] | |||||||||||
Stock Repurchase Program Authorized Amount 1 | $ 225,000,000 | ||||||||||
Subsequent Event [Member] | |||||||||||
Class Of Stock [Line Items] | |||||||||||
Dividend Payable Date To Be Paid Day Month And Year | Dec. 08, 2023 | ||||||||||
Dividends Payable Date Of Record Day Month And Year | Nov. 24, 2023 | ||||||||||
Dividends Payable Date Declared Day Month And Year | Oct. 31, 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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Class Of Stock [Line Items] | ||||
Common stock outstanding, beginning balances | 179,756,622 | 191,626,336 | 182,709,059 | 201,826,505 |
Common stock repurchased | (5,393,236) | (5,385,857) | (9,258,611) | (16,066,747) |
Common stock reissued under stock-based compensation plan | 23,903 | 21,924 | 994,332 | 513,009 |
Restricted stock forfeited | (963) | (4,744) | (58,454) | (15,108) |
Common stock outstanding, ending balances | 174,386,326 | 186,257,659 | 174,386,326 | 186,257,659 |
STOCKHOLDERS' EQUITY - Common_2
STOCKHOLDERS' EQUITY - Common Stock (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Apr. 27, 2022 | |
Class Of Stock [Line Items] | |||||
Shares Withheld for Tax Withholding Obligation | 778 | 288,613 | |||
Repurchased of common stock | 5,393,236 | 5,385,857 | 9,258,611 | 16,066,747 | |
Treasury Stock [Member] | |||||
Class Of Stock [Line Items] | |||||
Common stock repurchase value | $ 75,011 | $ 75,010 | $ 128,228 | $ 227,723 | |
New Stock Repurchase Program [Member] | |||||
Class Of Stock [Line Items] | |||||
Repurchased of common stock | 5,392,458 | 8,969,998 | |||
Common stock repurchased price per share | $ 13.91 | $ 13.94 | |||
Common stock repurchase value | $ 75,000 | $ 125,000 | |||
Stock repurchase program authorized amount | $ 350,000 |
STOCKHOLDERS' EQUITY - Treasury
STOCKHOLDERS' EQUITY - Treasury Shares (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
STOCKHOLDERS' EQUITY [Abstract] | ||||
Treasury stock, beginning balances | 43,906,494 | 32,036,780 | 40,954,057 | 21,836,611 |
Common stock repurchased | 5,393,236 | 5,385,857 | 9,258,611 | 16,066,747 |
Common stock reissued under stock-based compensation plan | (23,903) | (21,924) | (994,332) | (513,009) |
Restricted stock forfeited | 963 | 4,744 | 58,454 | 15,108 |
Treasury stock, ending balances | 49,276,790 | 37,405,457 | 49,276,790 | 37,405,457 |
ACCUMULATED OTHER COMPREHENSI_3
ACCUMULATED OTHER COMPREHENSIVE LOSS - Change in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ (773,581) | $ (595,147) | $ (805,972) | $ (87,390) |
Other comprehensive loss | (78,976) | (270,937) | (46,585) | (778,694) |
Ending balance | (852,557) | (866,084) | (852,557) | (866,084) |
Beginning balance | 1,194 | 3,391 | 1,194 | 3,391 |
Other comprehensive (loss) income | 0 | 0 | 0 | 0 |
Ending balance | $ 1,194 | $ 3,391 | $ 1,194 | $ 3,391 |
EMPLOYEE BENEFIT PLANS - Compon
EMPLOYEE BENEFIT PLANS - Components of Net Periodic Benefit (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net periodic cost (benefit): | ||||
Net periodic benefit (income) loss | $ 71 | $ (384) | $ 212 | $ (1,152) |
Pension Plan [Member] | ||||
Net periodic cost (benefit): | ||||
Net periodic benefit (income) loss | 64 | (386) | 193 | (1,157) |
Pension Plan [Member] | Other Expenses [Member] | ||||
Net periodic cost (benefit): | ||||
Interest cost | 950 | 654 | 2,850 | 1,962 |
Expected return on plan assets | (886) | (1,040) | (2,657) | (3,119) |
Postretirement Benefit Plan [Member] | Other Expenses [Member] | ||||
Net periodic cost (benefit): | ||||
Net periodic benefit (income) loss | $ 7 | $ 2 | $ 19 | $ 5 |
INCOME TAXES - Additional Infor
INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Sep. 01, 2020 | |
Income Tax Contingency [Line Items] | ||||||
Maximum corporate tax rate | 37.50% | |||||
Net deferred tax asset | $ 150,800 | $ 150,800 | $ 155,600 | |||
Valuation allowance | 195,100 | 195,100 | 185,500 | |||
Income tax expense | 26,968 | $ 32,028 | $ 89,187 | $ 109,156 | ||
Minimum percentage of bank net taxable income for paying income tax at normal rate | 20% | |||||
Estimated annual effective tax rate, including all entities | 28.20% | 31.80% | ||||
Santander [Member] | ||||||
Income Tax Contingency [Line Items] | ||||||
UTBs | $ 800 | |||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 200 | |||||
U S [Member] | ||||||
Income Tax Contingency [Line Items] | ||||||
Income tax expense | 2,800 | 3,000 | 6,800 | $ 7,100 | ||
Subsidiaries [Member] | ||||||
Income Tax Contingency [Line Items] | ||||||
Net deferred tax asset | 150,800 | 150,800 | 155,600 | |||
Valuation allowance | 157,900 | 157,900 | $ 149,500 | |||
Parent Company [Member] | ||||||
Income Tax Contingency [Line Items] | ||||||
Income tax expense | $ 745 | $ 735 | $ 2,606 | $ 2,634 | ||
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- Significant compo
INCOME TAXES- Significant components of deferred tax assets and liabilities (Detail) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022 |
Deferred Tax Liabilities [Abstract] | ||
Valuation allowance | $ (195.1) | $ (185.5) |
Net deferred tax asset | $ 150.8 | $ 155.6 |
FAIR VALUE - Assets and Liabili
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 5,175,803 | $ 5,599,520 |
Residential Mortgage Backed Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,580,395 | 2,941,458 |
MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,726,042 | 3,104,591 |
Fair Value, Measurements, Recurring [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 4,775 | 4,861 |
Derivative Assets | 360 | 633 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 170 | 476 |
Fair Value, Measurements, Recurring [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 140,723 | 138,875 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 430,515 | 389,787 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,877,075 | 1,963,566 |
Fair Value, Measurements, Recurring [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,726,042 | 3,104,591 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,448 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 0 | 500 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 4,775 | 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] | ||
Available-For-Sale Securities, Debt Securities | 140,723 | 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] | ||
Available-For-Sale Securities, Debt Securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 0 | 0 |
Derivative Assets | 360 | 633 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 170 | 476 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 430,515 | 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] | ||
Available-For-Sale Securities, Debt Securities | 1,877,075 | 1,963,566 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,721,124 | 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] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 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] | ||
Available-For-Sale Securities, Debt Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 4,918 | 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] | ||
Available-For-Sale Securities, Debt Securities | 1,448 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Other Debt Obligations [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||
Beginning balance | $ 7,357 | $ 10,180 | $ 8,495 | $ 11,084 |
Total (losses)/gains: | ||||
Included in other comprehensive loss (unrealized) | (722) | (177) | (903) | (570) |
Included in earnings (unrealized) | (32) | 12 | (7) | 435 |
Principal repayments and amortization | (237) | (1,152) | (1,219) | (2,086) |
Ending balance | $ 6,366 | $ 8,863 | $ 6,366 | $ 8,863 |
FAIR VALUE - Fair Value of As_2
FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 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 | $ 393,958 | $ 515,602 |
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 | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 5,175,803 | $ 5,599,520 |
Fair Value, Measurements, Recurring [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,448 | 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | Valuation Technique, Discounted Cash Flow [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 4,918 | 5,794 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,448 | 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] | ||
Available-For-Sale Securities, Debt Securities | $ 1,448 | $ 2,201 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.173 | 0.162 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.012 | 0.015 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | Residential Portfolio Segment [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 | 0.139 | 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 | 0.245 | 0.193 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.173 | 0.162 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.088 | 0.152 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.137 | 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 | 0.139 | 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 | 0.245 | 0.193 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.173 | 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] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.053 | 0.118 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | Residential Portfolio Segment [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.055 | 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 | 0.139 | 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 | 0.245 | 0.193 |
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 | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Mortgage servicing rights | $ 45,114 | $ 45,114 | $ 44,710 | ||
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 2 [Member] | Loans Held For Sale [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Carrying value, Related to losses recorded | 8,961 | $ 12,169 | 8,961 | $ 12,169 | |
Included in earnings | 16 | (177) | (57) | (177) | |
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 losses recorded | 1,085 | 1,234 | 2,124 | 2,913 | |
Included in earnings | (169) | (57) | (205) | (34) | |
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 losses recorded | 16,655 | 4,207 | 24,933 | 27,531 | |
Included in earnings | $ (2,495) | (227) | $ (9,234) | (2,978) | |
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | Property Plant And Equipment [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Carrying value, Related to losses recorded | 0 | 1,242 | |||
Included in earnings | $ 0 | $ (218) |
FAIR VALUE - Fair Value (Detail
FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Assets: | ||||||
Investment securities available for sale | $ 5,175,803 | $ 5,599,520 | ||||
Held To Maturity Securities Amortized | 359,169 | 437,537 | ||||
Less: allowance for credit losses on held to maturity securities | (2,250) | (8,286) | ||||
Loans held for investment, net of ACL | 11,687,317 | 11,292,361 | ||||
Mortgage servicing rights | 27,601 | $ 28,034 | 29,037 | $ 29,690 | $ 30,277 | $ 30,986 |
Advances from the FHLB: | ||||||
Short-term | 0 | 475,000 | ||||
Long-term | 500,000 | 200,000 | ||||
Other long-term borrowings | 161,700 | 183,762 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 584,913 | 480,505 | ||||
Investment securities available for sale | 5,175,803 | 5,599,520 | ||||
Held To Maturity Securities Amortized | 359,169 | 437,537 | ||||
Less: allowance for credit losses on held to maturity securities | (2,250) | (8,286) | ||||
Investment securities held to maturity, net of ACL | 356,919 | 429,251 | ||||
Equity securities | 43,908 | 50,428 | ||||
Other investment securities | 4,775 | 4,861 | ||||
Loans held for sale | 8,961 | 12,306 | ||||
Total gross loans held for investment portfolio | 11,950,932 | 11,552,825 | ||||
ACL for loans and finance leases | (263,615) | (260,464) | ||||
Loans held for investment, net of ACL | 11,687,317 | 11,292,361 | ||||
Mortgage servicing rights | 27,601 | 29,037 | ||||
Derivative Assets | 360 | 633 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,435,237 | 16,143,467 | ||||
Short-term securities sold under agreements to repurchase (amortized cost) | 75,133 | |||||
Advances from the FHLB: | ||||||
Short-term | 475,000 | |||||
Long-term | 500,000 | 200,000 | ||||
Other long-term borrowings | 161,700 | 183,762 | ||||
Derivative Liabilities | 170 | 476 | ||||
Federal Home Loan Bank Stock | 34,600 | 42,900 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 584,913 | 480,505 | ||||
Investment securities available for sale | 5,175,803 | 5,599,520 | ||||
Investment securities held to maturity, net of ACL | 342,851 | 427,115 | ||||
Equity securities | 43,908 | 50,428 | ||||
Other investment securities | 4,775 | 4,861 | ||||
Loans held for sale | 8,961 | 12,306 | ||||
Loans held for investment, net of ACL | 11,566,106 | 11,106,809 | ||||
Mortgage servicing rights | 45,114 | 44,710 | ||||
Derivative Assets | 360 | 633 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,447,189 | 16,139,937 | ||||
Short-term securities sold under agreements to repurchase (amortized cost) | 75,230 | |||||
Advances from the FHLB: | ||||||
Short-term | 474,731 | |||||
Long-term | 491,505 | 199,865 | ||||
Other long-term borrowings | 159,549 | 187,246 | ||||
Derivative Liabilities | 170 | 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 | 584,913 | 480,505 | ||||
Investment securities available for sale | 140,723 | 138,875 | ||||
Investment securities held to maturity, net of ACL | 0 | 0 | ||||
Equity securities | 0 | 0 | ||||
Other investment securities | 4,775 | 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 | |||||
Advances from the FHLB: | ||||||
Short-term | 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 | 5,028,714 | 5,452,150 | ||||
Investment securities held to maturity, net of ACL | 232,719 | 260,106 | ||||
Equity securities | 43,908 | 50,428 | ||||
Other investment securities | 0 | 0 | ||||
Loans held for sale | 8,961 | 12,306 | ||||
Loans held for investment, net of ACL | 0 | 0 | ||||
Mortgage servicing rights | 0 | 0 | ||||
Derivative Assets | 360 | 633 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,447,189 | 16,139,937 | ||||
Short-term securities sold under agreements to repurchase (amortized cost) | 75,230 | |||||
Advances from the FHLB: | ||||||
Short-term | 474,731 | |||||
Long-term | 491,505 | 199,865 | ||||
Other long-term borrowings | 0 | 0 | ||||
Derivative Liabilities | 170 | 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 | 6,366 | 8,495 | ||||
Investment securities held to maturity, net of ACL | 110,132 | 167,009 | ||||
Equity securities | 0 | 0 | ||||
Other investment securities | 0 | 0 | ||||
Loans held for sale | 0 | 0 | ||||
Loans held for investment, net of ACL | 11,566,106 | 11,106,809 | ||||
Mortgage servicing rights | 45,114 | 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 | |||||
Advances from the FHLB: | ||||||
Short-term | 0 | |||||
Long-term | 0 | 0 | ||||
Other long-term borrowings | 159,549 | 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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | $ 199,728 | $ 207,910 | $ 600,428 | $ 589,720 |
Noninterest Income | 30,296 | 29,693 | 99,085 | 93,492 |
Total Revenues | 230,024 | 237,603 | 699,513 | 683,212 |
Other non-interest income | 4,292 | 4,015 | 17,329 | 11,495 |
Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 9,552 | 9,820 | 28,380 | 28,649 |
Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,790 | 2,624 | 10,384 | 10,845 |
Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,494 | 2,167 | 7,713 | 7,192 |
Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 8,347 | 7,667 | 25,181 | 22,621 |
Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,943 | 2,443 | 9,539 | 9,108 |
Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 4,170 | 4,972 | 17,888 | 15,077 |
Mortgage Banking Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | 18,279 | 24,338 | 61,427 | 76,452 |
Noninterest Income | 3,021 | 3,733 | 9,157 | 13,152 |
Total Revenues | 21,300 | 28,071 | 70,584 | 89,604 |
Mortgage Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 50 | 85 | 244 | 287 |
Mortgage Banking Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,971 | 3,648 | 8,913 | 12,865 |
Consumer Retail Banking Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | 147,066 | 118,408 | 427,407 | 310,351 |
Noninterest Income | 20,170 | 19,121 | 62,425 | 59,367 |
Total Revenues | 167,236 | 137,529 | 489,832 | 369,718 |
Consumer Retail Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 5,286 | 5,744 | 15,859 | 16,778 |
Consumer Retail Banking Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,596 | 2,485 | 9,700 | 10,176 |
Consumer Retail Banking Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 2,156 | 1,458 | 6,454 | 4,991 |
Consumer Retail Banking Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 7,826 | 7,209 | 23,581 | 21,271 |
Consumer Retail Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 1,262 | 1,228 | 3,922 | 4,404 |
Consumer Retail Banking Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 1,044 | 997 | 2,909 | 1,747 |
Commercial And Corporate Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | 13,212 | 22,861 | 41,085 | 94,655 |
Noninterest Income | 4,468 | 4,276 | 16,788 | 13,278 |
Total Revenues | 17,680 | 27,137 | 57,873 | 107,933 |
Commercial And Corporate Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 3,406 | 3,169 | 9,886 | 9,214 |
Commercial And Corporate Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Commercial And Corporate Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 347 | 0 | 1,101 |
Commercial And Corporate Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 24 | 21 | 74 | 58 |
Commercial And Corporate Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 853 | 340 | 2,801 | 2,329 |
Commercial And Corporate Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 185 | 399 | 4,027 | 576 |
Treasury And Investments Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | (4,055) | 14,827 | (7,502) | 33,702 |
Noninterest Income | (3) | 33 | 1,837 | (130) |
Total Revenues | (4,058) | 14,860 | (5,665) | 33,572 |
Treasury And Investments Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | (3) | 33 | 1,837 | (130) |
United States Operations Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | 19,749 | 21,494 | 60,369 | 56,664 |
Noninterest Income | 847 | 773 | 2,849 | 2,195 |
Total Revenues | 20,596 | 22,267 | 63,218 | 58,859 |
United States Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 155 | 151 | 492 | 446 |
United States Operations Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 68 | 16 | 175 | 65 |
United States Operations Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 19 | 32 | 87 | 54 |
United States Operations Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 4 | (2) | 16 | (6) |
United States Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 615 | 595 | 1,858 | 1,579 |
United States Operations Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | (14) | (19) | 221 | 57 |
Virgin Islands Operations Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income | 5,477 | 5,982 | 17,642 | 17,896 |
Noninterest Income | 1,793 | 1,757 | 6,029 | 5,630 |
Total Revenues | 7,270 | 7,739 | 23,671 | 23,526 |
Virgin Islands Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 705 | 756 | 2,143 | 2,211 |
Virgin Islands Operations Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 126 | 123 | 509 | 604 |
Virgin Islands Operations Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 319 | 330 | 1,172 | 1,046 |
Virgin Islands Operations Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 493 | 439 | 1,510 | 1,298 |
Virgin Islands Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | 163 | 195 | 714 | 509 |
Virgin Islands Operations Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Noninterest Income | $ (13) | $ (86) | $ (19) | $ (38) |
REVENUE FROM CONTRACTS WITH C_4
REVENUE FROM CONTRACTS WITH CUSTOMERS - Activity of Contract Liability (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Contract with Customer, Liability [Abstract] | ||||
Beginning balance | $ 608 | $ 1,049 | $ 841 | $ 1,443 |
Revenue recognized | (81) | (104) | (314) | (498) |
Ending balance | $ 527 | $ 945 | $ 527 | $ 945 |
SEGMENT INFORMATION - Additiona
SEGMENT INFORMATION - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Segment Reporting Information [Line Items] | ||||
Interest income | $ 263,405 | $ 222,683 | $ 758,005 | $ 629,162 |
Interest expense | (63,677) | (14,773) | (157,577) | (39,442) |
Net interest income (loss) | 199,728 | 207,910 | 600,428 | 589,720 |
Provision for credit losses - (benefit) expense | 10,643 | 14,352 | 47,669 | 10,028 |
Non-interest income | 30,296 | 29,693 | 99,085 | 93,492 |
Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 263,405 | 222,683 | 758,005 | 629,162 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (63,677) | (14,773) | (157,577) | (39,442) |
Net interest income (loss) | 199,728 | 207,910 | 600,428 | 589,720 |
Provision for credit losses - (benefit) expense | 4,396 | 15,783 | 42,128 | 11,984 |
Non-interest income | 30,296 | 29,693 | 99,085 | 93,492 |
Direct non-interest expenses | 74,430 | 74,382 | 219,428 | 216,937 |
Segment income (loss) | 151,198 | 147,438 | 437,957 | 454,291 |
Average earnings assets | 18,063,606 | 18,311,378 | 17,902,642 | 18,830,683 |
Mortgage Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 18,279 | 24,338 | 61,427 | 76,452 |
Non-interest income | 3,021 | 3,733 | 9,157 | 13,152 |
Mortgage Banking Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 31,208 | 32,349 | 94,720 | 98,625 |
Net (charge) credit for transfer of funds | (12,929) | (8,011) | (33,293) | (22,173) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income (loss) | 18,279 | 24,338 | 61,427 | 76,452 |
Provision for credit losses - (benefit) expense | (3,288) | 2,092 | (7,623) | (5,216) |
Non-interest income | 3,021 | 3,733 | 9,157 | 13,152 |
Direct non-interest expenses | 5,201 | 6,489 | 15,821 | 19,076 |
Segment income (loss) | 19,387 | 19,490 | 62,386 | 75,744 |
Average earnings assets | 2,127,641 | 2,211,675 | 2,147,521 | 2,249,203 |
Consumer Retail Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 147,066 | 118,408 | 427,407 | 310,351 |
Non-interest income | 20,170 | 19,121 | 62,425 | 59,367 |
Consumer Retail Banking Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 90,976 | 77,576 | 261,139 | 221,500 |
Net (charge) credit for transfer of funds | 96,836 | 47,577 | 260,715 | 105,898 |
Interest expense | (40,746) | (6,745) | (94,447) | (17,047) |
Net interest income (loss) | 147,066 | 118,408 | 427,407 | 310,351 |
Provision for credit losses - (benefit) expense | 13,707 | 16,705 | 42,600 | 42,904 |
Non-interest income | 20,170 | 19,121 | 62,425 | 59,367 |
Direct non-interest expenses | 43,431 | 42,080 | 126,872 | 121,897 |
Segment income (loss) | 110,098 | 78,744 | 320,360 | 204,917 |
Average earnings assets | 3,336,158 | 2,974,894 | 3,251,286 | 2,865,610 |
Commercial And Corporate Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 13,212 | 22,861 | 41,085 | 94,655 |
Non-interest income | 4,468 | 4,276 | 16,788 | 13,278 |
Commercial And Corporate Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 68,138 | 53,506 | 195,837 | 148,046 |
Net (charge) credit for transfer of funds | (54,926) | (30,645) | (154,752) | (53,391) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income (loss) | 13,212 | 22,861 | 41,085 | 94,655 |
Provision for credit losses - (benefit) expense | (7,235) | (3,519) | (2,096) | (20,611) |
Non-interest income | 4,468 | 4,276 | 16,788 | 13,278 |
Direct non-interest expenses | 9,658 | 9,295 | 28,363 | 27,202 |
Segment income (loss) | 15,257 | 21,361 | 31,606 | 101,342 |
Average earnings assets | 3,769,370 | 3,622,907 | 3,751,359 | 3,654,906 |
Treasury And Investments Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | (4,055) | 14,827 | (7,502) | 33,702 |
Non-interest income | (3) | 33 | 1,837 | (130) |
Treasury And Investments Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 32,146 | 28,203 | 89,140 | 77,530 |
Net (charge) credit for transfer of funds | (27,817) | (8,447) | (70,095) | (29,101) |
Interest expense | (8,384) | (4,929) | (26,547) | (14,727) |
Net interest income (loss) | (4,055) | 14,827 | (7,502) | 33,702 |
Provision for credit losses - (benefit) expense | 32 | (12) | 7 | (435) |
Non-interest income | (3) | 33 | 1,837 | (130) |
Direct non-interest expenses | 958 | 942 | 2,828 | 2,732 |
Segment income (loss) | (5,048) | 13,930 | (8,500) | 31,275 |
Average earnings assets | 6,382,276 | 7,095,503 | 6,321,540 | 7,642,121 |
United States Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 19,749 | 21,494 | 60,369 | 56,664 |
Non-interest income | 847 | 773 | 2,849 | 2,195 |
United States Operations Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 33,560 | 24,804 | 96,772 | 64,742 |
Net (charge) credit for transfer of funds | (1,164) | (474) | (2,575) | (1,233) |
Interest expense | (12,647) | (2,836) | (33,828) | (6,845) |
Net interest income (loss) | 19,749 | 21,494 | 60,369 | 56,664 |
Provision for credit losses - (benefit) expense | 873 | (624) | 9,545 | (5,849) |
Non-interest income | 847 | 773 | 2,849 | 2,195 |
Direct non-interest expenses | 8,535 | 8,479 | 25,341 | 25,195 |
Segment income (loss) | 11,188 | 14,412 | 28,332 | 39,513 |
Average earnings assets | 2,041,662 | 2,040,656 | 2,049,281 | 2,047,375 |
Virgin Islands Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 5,477 | 5,982 | 17,642 | 17,896 |
Non-interest income | 1,793 | 1,757 | 6,029 | 5,630 |
Virgin Islands Operations Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 7,377 | 6,245 | 20,397 | 18,719 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (1,900) | (263) | (2,755) | (823) |
Net interest income (loss) | 5,477 | 5,982 | 17,642 | 17,896 |
Provision for credit losses - (benefit) expense | 307 | 1,141 | (305) | 1,191 |
Non-interest income | 1,793 | 1,757 | 6,029 | 5,630 |
Direct non-interest expenses | 6,647 | 7,097 | 20,203 | 20,835 |
Segment income (loss) | 316 | (499) | 3,773 | 1,500 |
Average earnings assets | $ 406,499 | $ 365,743 | $ 381,655 | $ 371,468 |
SEGMENT INFORMATION - Reconcili
SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net Income (Loss): | ||||
Income before income taxes | $ 108,990 | $ 106,631 | $ 312,562 | $ 341,054 |
Income tax expense | 26,968 | 32,028 | 89,187 | 109,156 |
Net income | 82,022 | 74,603 | 223,375 | 231,898 |
Segment Reconciling Items [Member] | ||||
Net Income (Loss): | ||||
Segment income | 151,198 | 147,438 | 437,957 | 454,291 |
Other operating expenses | 42,208 | 40,807 | 125,395 | 113,237 |
Income before income taxes | 108,990 | 106,631 | 312,562 | 341,054 |
Income tax expense | 26,968 | 32,028 | 89,187 | 109,156 |
Net income | 82,022 | 74,603 | 223,375 | 231,898 |
Average assets: | ||||
Total average earning assets for segments | 18,063,606 | 18,311,378 | 17,902,642 | 18,830,683 |
Average non-earning assets | 832,374 | 835,740 | 845,837 | 873,911 |
Total consolidated average assets | $ 18,895,980 | $ 19,147,118 | $ 18,748,479 | $ 19,704,594 |
SUPPLEMENTAL STATEMENT OF CAS_3
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Cash paid for: | ||||
Interest | $ 143,792 | $ 41,205 | ||
Income tax | 88,258 | 22,943 | ||
Operating cash flow from operating leases | 12,939 | 13,759 | ||
Non-cash investing and financing activities: | ||||
Additions to OREO | 14,951 | 13,653 | ||
Additions to auto and other repossessed assets | 48,245 | 33,119 | ||
Capitalization of servicing assets | $ 601 | $ 679 | 1,839 | 2,637 |
Loan securitizations | 100,735 | 113,757 | ||
Loans held for investment transferred to held for sale | 3,255 | 3,893 | ||
Right-of-use asset obtained in exchange for operating lease liabilities | 3,042 | 2,297 | ||
Payable related to unsettled common stock share repurchases | $ 1,310 | $ 467 |
REGULATORY MATTERS, COMMITMEN_3
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Millions | 9 Months Ended | ||
Sep. 30, 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 | $ 72.1 | ||
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 | 961,100 | ||
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 | Sep. 30, 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 | $ 2,385,079 | $ 2,385,866 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 0.1884 | 0.1921 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 1,012,868 | $ 993,405 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.080 | 0.080 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,069,675 | $ 2,052,333 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1635 | 0.1653 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 569,738 | $ 558,790 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.045 | 0.045 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,069,675 | $ 2,052,333 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1635 | 0.1653 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 759,651 | $ 745,054 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.060 | 0.060 |
Leverage Ratio Actual Amount | $ 2,069,675 | $ 2,052,333 |
Leverage Ratio Actual Ratio | 0.1057 | 0.1070 |
Leverage Ratio Required For Capital Adequacy | $ 783,163 | $ 767,075 |
Leverage Ratio Required For Capital Adequacy Ratio | 0.040 | 0.040 |
FirstBank [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,335,546 | $ 2,346,093 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 0.1845 | 0.1890 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 1,012,710 | $ 993,264 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.080 | 0.080 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 1,265,888 | $ 1,241,580 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 0.100 | 0.100 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,077,017 | $ 2,090,832 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1641 | 0.1684 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 569,649 | $ 558,711 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.045 | 0.045 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 822,827 | $ 807,027 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 0.065 | 0.065 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,177,017 | $ 2,190,832 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1720 | 0.1765 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 759,533 | $ 744,948 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.060 | 0.060 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 1,012,710 | $ 993,264 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 0.080 | 0.080 |
Leverage Ratio Actual Amount | $ 2,177,017 | $ 2,190,832 |
Leverage Ratio Actual Ratio | 0.1112 | 0.1143 |
Leverage Ratio Required For Capital Adequacy | $ 782,913 | $ 766,714 |
Leverage Ratio Required For Capital Adequacy Ratio | 0.040 | 0.040 |
Leverage Ratio Required To Be Well Capitalized | $ 978,641 | $ 958,392 |
Leverage Ratio Required To Be Well Capitalized Ratio | 0.050 | 0.050 |
FIRST BANCORP. (Holding Compa_3
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Detail) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
ASSETS | |||
Cash and due from banks | $ 583,913 | $ 478,480 | $ 552,933 |
Other assets | 285,410 | 305,633 | |
Total assets | 18,594,608 | 18,634,484 | |
Liabilities: | |||
Long-term borrowings | 161,700 | 183,762 | |
Accounts payable and other liabilities | 194,603 | 231,582 | |
Liabilities | 17,291,540 | 17,308,944 | |
Stockholders Equity | 1,303,068 | 1,325,540 | $ 1,265,333 |
Total liabilities and stockholders' equity | 18,594,608 | 18,634,484 | |
Holding Company [Member] | |||
ASSETS | |||
Cash and due from banks | 34,804 | 19,279 | |
Other investment securities | 735 | 735 | |
Dividends receivable | 715 | 624 | |
Other assets | 577 | 430 | |
Total assets | 1,475,687 | 1,519,376 | |
Liabilities: | |||
Long-term borrowings | 161,700 | 183,762 | |
Accounts payable and other liabilities | 10,919 | 10,074 | |
Liabilities | 172,619 | 193,836 | |
Stockholders Equity | 1,303,068 | 1,325,540 | |
Total liabilities and stockholders' equity | 1,475,687 | 1,519,376 | |
Holding Company [Member] | Investment In Banking Subsidiary [Member] | |||
ASSETS | |||
Investments | 1,410,410 | 1,464,026 | |
Holding Company [Member] | Non Banking Subsidiary [Member] | |||
ASSETS | |||
Investments | 23,596 | 28,770 | |
Holding Company [Member] | Statutory Trust One [Member] | |||
ASSETS | |||
Investments | 1,289 | 1,951 | |
Holding Company [Member] | Statutory Trust Two [Member] | |||
ASSETS | |||
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 | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Income: | ||||
Interest income on money market investments | $ 24,519 | $ 26,289 | $ 77,887 | $ 76,027 |
Gain on early extinguishment of debt | 0 | 0 | 1,605 | 0 |
Expense: | ||||
Income tax expense | 26,968 | 32,028 | 89,187 | 109,156 |
Net income | 82,022 | 74,603 | 223,375 | 231,898 |
Other comprehensive loss | (78,976) | (270,937) | (46,585) | (778,694) |
Comprehensive income (loss) | 3,046 | (196,334) | 176,790 | (546,796) |
Holding Company [Member] | ||||
Income: | ||||
Interest income on money market investments | 77 | 19 | 187 | 33 |
Gain on early extinguishment of debt | 0 | 0 | 1,605 | 0 |
Other income | 101 | 68 | 304 | 159 |
Total income | 82,356 | 49,815 | 254,076 | 292,192 |
Expense: | ||||
Interest expense on long-term borrowings | 3,345 | 2,273 | 10,135 | 5,304 |
Other non-interest expenses | 452 | 422 | 1,324 | 1,295 |
Total expenses | 3,797 | 2,695 | 11,459 | 6,599 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 78,559 | 47,120 | 242,617 | 285,593 |
Income tax expense | 745 | 735 | 2,606 | 2,634 |
Equity in undistributed earnings of subsidiaries (distributions in excess of earnings) | 4,208 | 28,218 | (16,636) | (51,061) |
Net income | 82,022 | 74,603 | 223,375 | 231,898 |
Other comprehensive loss | (78,976) | (270,937) | (46,585) | (778,694) |
Comprehensive income (loss) | 3,046 | (196,334) | 176,790 | (546,796) |
Holding Company [Member] | Investment In Banking Subsidiary [Member] | ||||
Income: | ||||
Dividend income | 82,178 | 49,728 | 239,980 | 292,000 |
Holding Company [Member] | Non Banking Subsidiary [Member] | ||||
Income: | ||||
Dividend income | $ 0 | $ 0 | $ 12,000 | $ 0 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Sep. 30, 2023 | |
Insider Trading Arr [Line Items] | |
Rule 10b 51 Arr Adopted Flag | false |
Rule 10b 51 Arr Trmntd Flag | false |
Non Rule 10b 51 Arr Trmntd Flag | false |
Non Rule 10b 51 Arr Adopted Flag | false |
Uncategorized Items - fbp202309
Label | Element | Value |
Accounting Standard Update 2022-02 [Member] | ||
Financing Receivable Allowance For Credit Losses Excluding Accrued Interest | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest | $ 2,100,000 |