Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2024 | Aug. 02, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2024 | |
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 | 2024 | |
Document Fiscal Period Focus | Q2 | |
Entity Common Stock Shares Outstanding | 163,865,756 | |
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 | Jun. 30, 2024 | Dec. 31, 2023 |
ASSETS | ||
Cash and due from banks | $ 581,843 | $ 661,925 |
Money market investments: | ||
Time deposits with other financial institutions | 500 | 300 |
Other short-term investments | 3,939 | 939 |
Total money market investments | 4,439 | 1,239 |
Available-for-sale debt securities, at fair value (amortized cost of $5,595,164 as of June 30, 2024 and $5,863,294 as of December 31, 2023; ACL of $549 as of June 30, 2024 and $511 as of December 31, 2023) | 4,957,311 | 5,229,984 |
Held-to-maturity debt securities, at amortized cost, net of ACL of $1,267 as of June 30, 2024 and $2,197 as of December 31, 2023 (fair value of $333,690 as of June 30, 2024 and $346,132 as of December 31, 2023) | 343,168 | 351,981 |
Equity securities | 51,037 | 49,675 |
Total investment securities | 5,351,516 | 5,631,640 |
Loans, net of ACL of $254,532 as of June 30, 2024 and $261,843 as of December 31, 2023 | 12,130,976 | 11,923,640 |
Mortgage loans held for sale, at lower of cost or market | 10,392 | 7,368 |
Total loans, net | 12,141,368 | 11,931,008 |
Accrued interest receivable | 77,895 | 77,716 |
Premises and equipment, net | 138,554 | 142,016 |
Other Real Estate Owned | 21,682 | 32,669 |
Deferred tax asset, net | 142,725 | 150,127 |
Goodwill | 38,611 | 38,611 |
Other intangible assets | 9,700 | 13,383 |
Other assets | 373,041 | 229,215 |
Total assets | 18,881,374 | 18,909,549 |
LIABILITIES | ||
Non-interest-bearing deposits | 5,406,054 | 5,404,121 |
Interest-bearing deposits | 11,122,902 | 11,151,864 |
Total deposits | 16,528,956 | 16,555,985 |
Long-term advances from the FHLB | 500,000 | 500,000 |
Other long-term borrowings | 161,700 | 161,700 |
Accounts payable and other liabilities | 199,258 | 194,255 |
Total liabilities | 17,389,914 | 17,411,940 |
Commitments and contingencies (See Note 21) | ||
STOCKHOLDERS' EQUITY | ||
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 163,865,453 shares outstanding as of June 30, 2024 and 169,302,812 as of December 31, 2023 | 22,366 | 22,366 |
Additional paid-in capital | 961,254 | 965,707 |
Retained earnings, includes legal surplus reserve of $199,576 as of each of June 30, 2024 and December 31, 2023 | 1,941,980 | 1,846,112 |
Treasury stock (at cost), 59,797,663 shares as of June 30, 2024 and 54,360,304 shares as of December 31, 2023 | (790,465) | (697,406) |
Accumulated other comprehensive loss, net of tax of $8,581 as of each of June 30, 2024 and December 31, 2023 | (643,675) | (639,170) |
Total stockholders' equity | 1,491,460 | 1,497,609 |
Total liabilities and stockholders' equity | $ 18,881,374 | $ 18,909,549 |
CONSOLIDATED STATEMENTS OF FI_2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Consolidated Statements of Financial Condition [Abstract] | ||
Available-for-sale debt securities, amortized cost | $ 5,595,164 | $ 5,863,294 |
Available-for-sale, allowance for credit losses | 549 | 511 |
Held-to-maturity, fair value | 333,690 | 346,132 |
Held-to-maturity, allowance for credit losses | 1,267 | 2,197 |
Allowance for credit losses on loans | $ 254,532 | $ 261,843 |
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 | 163,865,453 | 169,302,812 |
Legal Surplus Amount | $ 199,576 | $ 199,576 |
Treasury Stock Shares | 59,797,663 | 54,360,304 |
Income tax expense | $ 8,581 | $ 8,581 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Interest and dividend income: | ||||
Loans | $ 239,927 | $ 218,066 | $ 477,056 | $ 428,702 |
Investment securities | 23,258 | 26,258 | 47,380 | 53,368 |
Money market investments and interest-bearing cash accounts | 9,060 | 7,880 | 16,314 | 12,530 |
Total interest and dividend income | 272,245 | 252,204 | 540,750 | 494,600 |
Interest expense: | ||||
Deposits | 63,671 | 41,604 | 126,696 | 71,489 |
Short-term securities sold under agreements to repurchase | 0 | 1,328 | 0 | 2,397 |
Advances from the FHLB: | ||||
Short-term advances from the FHLB | 0 | 435 | 0 | 4,776 |
Long-term advances from FHLB | 5,610 | 5,613 | 11,220 | 8,448 |
Other long-term borrowings | 3,336 | 3,409 | 6,686 | 6,790 |
Total interest expense | 72,617 | 52,389 | 144,602 | 93,900 |
Net interest income | 199,628 | 199,815 | 396,148 | 400,700 |
Provision for credit losses - expense (benefit): | ||||
Loans and finance leases | 11,930 | 20,770 | 24,847 | 37,026 |
Unfunded loan commitments | (417) | 721 | (136) | 616 |
Provision for credit losses - expense | 11,605 | 22,230 | 23,772 | 37,732 |
Net interest income after provision for credit losses | 188,023 | 177,585 | 372,376 | 362,968 |
Non-interest income: | ||||
Service charges and fees on deposit accounts | 9,725 | 9,287 | 19,387 | 18,828 |
Mortgage banking activities | 3,419 | 2,860 | 6,301 | 5,672 |
Gain on early extinguishment of debt | 0 | 1,605 | 0 | 1,605 |
Insurance commission income | 2,786 | 2,747 | 8,293 | 7,594 |
Card and processing income | 11,523 | 11,135 | 22,835 | 22,053 |
Other non-interest income | 4,585 | 8,637 | 9,205 | 13,037 |
Total non-interest income | 32,038 | 36,271 | 66,021 | 68,789 |
Non-interest expenses: | ||||
Employees' compensation and benefits | 57,456 | 54,314 | 116,962 | 110,736 |
Occupancy and equipment | 21,851 | 21,097 | 43,232 | 42,283 |
Business promotion | 4,359 | 4,167 | 8,201 | 8,142 |
Professional service fees | 12,431 | 11,596 | 25,107 | 23,569 |
Taxes, other than income taxes | 5,408 | 5,124 | 10,537 | 10,236 |
FDIC deposit insurance | 2,316 | 2,143 | 5,418 | 4,276 |
Net gain on OREO operations | (3,609) | (1,984) | (5,061) | (3,980) |
Credit and debit card processing expenses | 7,607 | 6,540 | 13,358 | 11,858 |
Communications | 2,261 | 1,992 | 4,358 | 4,208 |
Other non-interest expenses | 8,602 | 7,928 | 17,493 | 16,857 |
Total non-interest expenses | 118,682 | 112,917 | 239,605 | 228,185 |
Income before income taxes | 101,379 | 100,939 | 198,792 | 203,572 |
Income tax expense | 25,541 | 30,284 | 49,496 | 62,219 |
Net income | 75,838 | 70,655 | 149,296 | 141,353 |
Net income attributable to common stockholders | $ 75,838 | $ 70,655 | $ 149,296 | $ 141,353 |
Net income per common share: | ||||
Basic | $ 0.46 | $ 0.39 | $ 0.90 | $ 0.79 |
Diluted | $ 0.46 | $ 0.39 | $ 0.90 | $ 0.78 |
Debt Securities [Member] | ||||
Provision for credit losses - expense (benefit): | ||||
Debt securities | $ 92 | $ 739 | $ (939) | $ 90 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | ||
Net income | $ 75,838 | $ 70,655 | $ 149,296 | $ 141,353 | |
Available-for-sale debt securities: | |||||
Net unrealized holding gains (losses) on debt securities | [1] | 10,560 | (54,837) | (4,505) | 32,391 |
Other comprehensive income (loss) for the period | 10,560 | (54,837) | (4,505) | 32,391 | |
Total comprehensive income | $ 86,398 | $ 15,818 | $ 144,791 | $ 173,744 | |
[1] Net unrealized holding gains (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 | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities: | ||
Net income | $ 149,296 | $ 141,353 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 9,313 | 10,071 |
Amortization of intangible assets | 3,683 | 4,026 |
Provision for credit losses | 23,772 | 37,732 |
Deferred income tax expense | 7,402 | 2,419 |
Stock-based compensation | 4,847 | 3,997 |
Gain on early extinguishment of debt | 0 | (1,605) |
Unrealized gain on derivative instruments | (353) | (291) |
Net gain on disposals or sales, and impairments of premises and equipment and other assets | (69) | (235) |
Net gain on sales of loans and loans held-for-sale valuation adjustments | (1,599) | (989) |
Net amortization of discounts, premiums, and deferred loan fees and costs | 323 | 686 |
Originations and purchases of loans held for sale | (76,592) | (88,696) |
Sales and repayments of loans held for sale | 74,222 | 85,398 |
Amortization of broker placement fees | 299 | 128 |
Net amortization of premiums and discounts on investment securities | 2,181 | 2,117 |
(Increase) decrease in accrued interest receivable | (142) | 1,849 |
Increase in accrued interest payable | 9,351 | 9,369 |
Increase in other assets | (2,889) | (5,566) |
Decrease in other liabilities | (13,656) | (35,307) |
Net cash provided by operating activities | 189,389 | 166,456 |
Cash flows from investing activities: | ||
Net disbursements on loans held for investment | (307,677) | (226,714) |
Proceeds from sales of loans held for investment | 10,162 | 3,183 |
Proceeds from sales of repossessed assets | 37,499 | 26,360 |
Purchases of availalbe-for-sale debt securities | (28,037) | (961) |
Proceeds from principal repayments and maturities of available-for-sale debt securities | 293,931 | 217,745 |
Proceeds from principal repayments of held-to-maturity debt securities | 10,726 | 13,832 |
Additions to premises and equipment | (5,857) | (16,211) |
Proceeds from sales of premises and equipment and other assets | 1,317 | 578 |
Net (purchases) redemptions of other investment securities | (1,388) | 7,219 |
Proceeds from the settlement of insurance claims - investing activities | 670 | 0 |
Net cash provided by investing activities | 11,346 | 25,031 |
Cash flows from financing activities: | ||
Net (decrease) increase in deposits | (122,546) | 675,911 |
Net repayments of short-term borrowings | 0 | (476,199) |
Repayments of long-term borrowings | 0 | (19,795) |
Proceeds from long-term borrowings | 0 | 300,000 |
Repurchase of outstanding common stock | (101,599) | (53,217) |
Dividends paid on common stock | (53,472) | (51,158) |
Net cash (used in) provided by financing activities | (277,617) | 375,542 |
Net (decrease) increase in cash and cash equivalents | (76,882) | 567,029 |
Cash and cash equivalents at beginning of year | 663,164 | 480,505 |
Cash and cash equivalents at end of period | 586,282 | 1,047,534 |
Cash and cash equivalents include: | ||
Cash and due from banks | 581,843 | 1,046,534 |
Money market investments | 4,439 | 1,000 |
Cash and Cash Equivalents, at Carrying Value, Total | $ 586,282 | $ 1,047,534 |
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, 2022 | $ 970,722 | $ 1,644,209 | $ (506,979) | $ (804,778) | |||
Balance at beginning of period (ASU 2022-02) at Dec. 31, 2022 | $ (1,357) | ||||||
Stock-based compensation | 3,997 | ||||||
Common stock repurchases (See Note 13) | (53,217) | ||||||
Common stock issued stock-based compensation plan | (13,139) | 13,139 | |||||
Restricted stock forfeited | 649 | (649) | |||||
Net income | $ 141,353 | 141,353 | |||||
Dividends on common stock ($0.16 per share and $0.14 per share for the quarters ended June 30, 2024 and 2023, respectively; $0.32 per share and $0.28 per share for the six-month periods ended June 30, 2024 and 2023, respectively)) | (50,708) | ||||||
Other comprehensive income (loss), net of tax | 32,391 | 32,391 | |||||
Balance at end of period at Jun. 30, 2023 | 1,397,999 | $ 22,366 | 962,229 | 1,733,497 | (547,706) | (772,387) | |
Balance at beginning of period at Mar. 31, 2023 | 959,912 | 1,688,176 | (547,311) | (717,550) | |||
Balance at beginning of period (ASU 2022-02) at Mar. 31, 2023 | 0 | ||||||
Stock-based compensation | 1,922 | ||||||
Common stock repurchases (See Note 13) | 0 | ||||||
Common stock issued stock-based compensation plan | 0 | 0 | |||||
Restricted stock forfeited | 395 | (395) | |||||
Net income | 70,655 | 70,655 | |||||
Dividends on common stock ($0.16 per share and $0.14 per share for the quarters ended June 30, 2024 and 2023, respectively; $0.32 per share and $0.28 per share for the six-month periods ended June 30, 2024 and 2023, respectively)) | (25,334) | ||||||
Other comprehensive income (loss), net of tax | (54,837) | (54,837) | |||||
Balance at end of period at Jun. 30, 2023 | 1,397,999 | 22,366 | 962,229 | 1,733,497 | (547,706) | (772,387) | |
Balance at beginning of period at Dec. 31, 2023 | 1,497,609 | 965,707 | 1,846,112 | (697,406) | (639,170) | ||
Balance at beginning of period (ASU 2022-02) at Dec. 31, 2023 | 0 | ||||||
Stock-based compensation | 4,847 | ||||||
Common stock repurchases (See Note 13) | (102,359) | ||||||
Common stock issued stock-based compensation plan | (9,347) | 9,347 | |||||
Restricted stock forfeited | 47 | (47) | |||||
Net income | 149,296 | 149,296 | |||||
Dividends on common stock ($0.16 per share and $0.14 per share for the quarters ended June 30, 2024 and 2023, respectively; $0.32 per share and $0.28 per share for the six-month periods ended June 30, 2024 and 2023, respectively)) | (53,428) | ||||||
Other comprehensive income (loss), net of tax | (4,505) | (4,505) | |||||
Balance at end of period at Jun. 30, 2024 | 1,491,460 | 22,366 | 961,254 | 1,941,980 | (790,465) | (643,675) | |
Balance at beginning of period at Mar. 31, 2024 | 959,319 | 1,892,714 | (740,447) | (654,235) | |||
Balance at beginning of period (ASU 2022-02) at Mar. 31, 2024 | $ 0 | ||||||
Stock-based compensation | 1,922 | ||||||
Common stock repurchases (See Note 13) | (50,005) | ||||||
Common stock issued stock-based compensation plan | (11) | 11 | |||||
Restricted stock forfeited | 24 | (24) | |||||
Net income | 75,838 | 75,838 | |||||
Dividends on common stock ($0.16 per share and $0.14 per share for the quarters ended June 30, 2024 and 2023, respectively; $0.32 per share and $0.28 per share for the six-month periods ended June 30, 2024 and 2023, respectively)) | (26,572) | ||||||
Other comprehensive income (loss), net of tax | 10,560 | 10,560 | |||||
Balance at end of period at Jun. 30, 2024 | $ 1,491,460 | $ 22,366 | $ 961,254 | $ 1,941,980 | $ (790,465) | $ (643,675) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Consolidated Statements of Changes in Stockholders' Equity [Abstract] | ||||
Dividends declared per common share | $ 0.16 | $ 0.14 | $ 0.32 | $ 0.28 |
BASIS OF PRESENTATION AND SIGNI
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2024 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 – BASIS The consolidated financial stated consolidated financial report. accepted accounting principles in the United States of America to consolidated financial statements, which are included in the 2023 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 expected Adoption of New Accounting Requirements The Corporation was not impacted by the adoption ● ASU Structures Using the Proportional Amortization Method” ● ASU 2023-01, “Leases (Topic 842): ● ASU 2022-03, Sale Restrictions” Recently Issued Accounting Standards Not Yet The Corporation does not expect to be impacted by the following ASUs adopted: ● ASU 2024-02, “Codification Improvements – Amendments to ● ASU 2024-01, “Compensation – Stock Compensation (Topic 718): For Significant Accounting Policies”, to the audited consolidated financial |
DEBT SECURITIES
DEBT SECURITIES | 6 Months Ended |
Jun. 30, 2024 | |
DEBT SECURITIES [Abstract] | |
DEBT SECURITIES | NOTE 2 – DEBT SECURITIES Available-for-Sale The amortized debt securities by contractual maturities as of June 30, 2024 and December June 30, 2024 Amortized cost (1) Gross Unrealized ACL Fair Value (2) Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 100,370 $ - $ 2,156 $ - $ 98,214 0.70 19,901 - 1,042 - 18,859 0.65 U.S. government-sponsored entities' (“GSEs”) obligations: 782,777 - 16,859 - 765,918 0.91 1,564,870 51 111,755 - 1,453,166 0.82 8,850 - 750 - 8,100 2.64 8,228 15 - - 8,243 5.69 Puerto Rico government obligation: (3) 3,084 - 1,166 386 1,532 - United States and Puerto Rico government obligations 2,488,080 66 133,728 386 2,354,032 0.86 Mortgage-backed securities (“MBS”): 4 - - - 4 4.31 16,204 - 754 - 15,450 2.06 138,723 - 12,739 - 125,984 1.55 948,539 6 172,740 - 775,805 1.41 1,103,470 6 186,233 - 917,243 1.44 841 - 8 - 833 3.29 11,837 - 648 - 11,189 0.93 31,168 2 2,783 - 28,387 1.77 191,483 101 25,966 - 165,618 2.65 235,329 103 29,405 - 206,027 2.45 26,921 - 1,236 - 25,685 2.11 272,851 - 23,789 - 249,062 1.74 988,450 2 165,091 - 823,361 1.36 1,288,222 2 190,116 - 1,098,108 1.45 259,830 - 54,810 - 205,020 1.52 1,322 - 317 5 1,000 8.93 5,359 - 1,634 158 3,567 7.34 6,681 - 1,951 163 4,567 7.65 Total Residential MBS 2,893,532 111 462,515 163 2,430,965 1.55 44,240 9 7,121 - 37,128 2.18 22,121 - 2,795 - 19,326 2.16 146,191 - 31,331 - 114,860 1.98 Total Commercial MBS 212,552 9 41,247 - 171,314 2.04 Total MBS 3,106,084 120 503,762 163 2,602,279 1.58 Other: 500 - - - 500 2.35 500 - - - 500 2.35 1,000 - - - 1,000 2.35 Total available-for-sale debt securities $ 5,595,164 $ 186 $ 637,490 $ 549 $ 4,957,311 1.26 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.0 statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 465.5 538.5 2.7 3.1 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 (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. December 31, 2023 Amortized cost (1) Gross Unrealized ACL Fair value (2) Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 80,314 $ - $ 2,144 $ - $ 78,170 0.66 60,239 - 3,016 - 57,223 0.75 U.S. GSEs’ obligations: 542,847 - 15,832 - 527,015 0.77 1,899,620 49 135,347 - 1,764,322 0.86 8,850 - 687 - 8,163 2.64 8,891 8 2 - 8,897 5.49 Puerto Rico government obligation: (3) 3,156 - 1,346 395 1,415 - United States and Puerto Rico government obligations 2,603,917 57 158,374 395 2,445,205 0.85 MBS: 19,561 - 868 - 18,693 2.06 153,308 - 12,721 - 140,587 1.55 991,060 15 161,197 - 829,878 1.41 1,163,929 15 174,786 - 989,158 1.44 254 - 3 - 251 3.27 16,882 - 872 - 16,010 1.19 27,916 8 2,247 - 25,677 1.62 206,254 87 22,786 - 183,555 2.57 251,306 95 25,908 - 225,493 2.38 32,489 - 1,423 - 31,066 2.11 293,492 - 23,146 - 270,346 1.70 1,047,298 83 156,344 - 891,037 1.37 1,373,279 83 180,913 - 1,192,449 1.46 CMOs issued or guaranteed by the FHLMC, FNMA, 273,539 - 52,263 - 221,276 1.54 7,086 - 2,185 116 4,785 7.66 Total Residential MBS 3,069,139 193 436,055 116 2,633,161 1.55 45,022 - 6,898 - 38,124 2.17 22,386 - 2,685 - 19,701 2.16 122,830 - 29,037 - 93,793 1.36 Total Commercial MBS 190,238 - 38,620 - 151,618 1.64 Total MBS 3,259,377 193 474,675 116 2,784,779 1.55 Total available-for-sale debt securities $ 5,863,294 $ 250 $ 633,049 $ 511 $ 5,229,984 1.24 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.6 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 477.9 527.2 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 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. During 28.0 qualified investments, which were classified as available-for-sale debt securities. Maturities differ available-for-sale unrealized loss statements of financial condition. The aggregated by of June 30, 2024 and December 31, 2023. The tables also include debt securities for As of June 30, 2024 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 875 $ - $ 2,338,381 $ 132,562 $ 2,339,256 $ 132,562 - - 1,532 1,166 (1) 1,532 1,166 1,191 15 915,156 186,218 916,347 186,233 11,188 123 188,231 29,282 199,419 29,405 8,135 99 1,088,394 190,017 1,096,529 190,116 - - 202,963 54,810 202,963 54,810 - - 4,567 1,951 (1) 4,567 1,951 28,715 428 136,652 40,819 165,367 41,247 $ 50,104 $ 665 $ 4,875,876 $ 636,825 $ 4,925,980 $ 637,490 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.2 As of December 31, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 2,544 $ 2 $ 2,428,784 $ 157,026 $ 2,431,328 $ 157,028 - - 1,415 1,346 (1) 1,415 1,346 9 - 988,092 174,786 988,101 174,786 12,257 100 202,390 25,808 214,647 25,908 - - 1,183,275 180,913 1,183,275 180,913 - - 221,276 52,263 221,276 52,263 - - 4,785 2,185 (1) 4,785 2,185 11,370 18 140,248 38,602 151,618 38,620 $ 26,180 $ 120 $ 5,170,265 $ 632,929 $ 5,196,445 $ 633,049 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 0.1 Assessment for Credit Losses Debt securities substantially securities, attributable intent to 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 June 30, 2024 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 The following and six-month periods ended June 30, 2024 and 2023: Quarter Ended June 30, 2024 2023 Private label MBS Puerto Rico Government Obligation Total Private label MBS Puerto Rico Government Obligation Total (In thousands) Beginning balance $ 116 $ 326 $ 442 $ 83 $ 366 $ 449 Provision for credit losses – expense (benefit) - 60 60 - (16) (16) Net recoveries 47 - 47 - - - $ 163 $ 386 $ 549 $ 83 $ 350 $ 433 Six-Month Period Ended June 30, 2024 2023 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 116 $ 395 $ 511 $ 83 $ 375 $ 458 Provision for credit losses - benefit - (9) (9) - (25) (25) Net recoveries 47 - 47 - - - $ 163 $ 386 $ 549 $ 83 $ 350 $ 433 Held-to-Maturity Debt Securities The maturities of held-to-maturity debt securities as of June 30, 2024 June 30, 2024 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 $ 3,178 $ - $ 18 $ 3,160 $ 37 9.30 After 1 to 5 years 51,424 972 620 51,776 468 7.72 After 5 to 10 years 36,253 3,393 201 39,445 451 7.03 After 10 years 16,595 350 - 16,945 311 8.78 Total Puerto Rico municipal bonds 107,450 4,715 839 111,326 1,267 7.70 MBS: FHLMC certificates: After 5 to 10 years 14,243 - 578 13,665 - 3.03 After 10 years 17,879 - 1,146 16,733 - 4.35 32,122 - 1,724 30,398 - 3.76 GNMA certificates: After 10 years 15,047 - 951 14,096 - 3.30 FNMA certificates: After 10 years 64,591 - 3,927 60,664 - 4.19 CMOs issued or guaranteed by After 10 years 26,855 - 1,640 25,215 - 3.49 Total Residential MBS 138,615 - 8,242 130,373 - 3.86 After 1 to 5 years 9,352 - 301 9,051 - 3.48 After 10 years 89,018 - 6,078 82,940 - 3.15 Total Commercial MBS 98,370 - 6,379 91,991 - 3.18 Total MBS 236,985 - 14,621 222,364 - 3.58 Total held-to-maturity debt securities $ 344,435 $ 4,715 $ 15,460 $ 333,690 $ 1,267 4.86 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 4.8 statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 189.7 184.4 December 31, 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 $ 3,165 $ 8 $ 38 $ 3,135 $ 50 9.30 After 1 to 5 years 51,230 994 710 51,514 1,266 7.78 After 5 to 10 years 36,050 3,540 210 39,380 604 7.13 After 10 years 16,595 269 - 16,864 277 8.87 Total Puerto Rico municipal bonds 107,040 4,811 958 110,893 2,197 7.78 MBS: FHLMC certificates: After 5 to 10 years 16,469 - 556 15,913 - 3.03 After 10 years 18,324 - 714 17,610 - 4.32 34,793 - 1,270 33,523 - 3.71 GNMA certificates: After 10 years 16,265 - 789 15,476 - 3.32 FNMA certificates: After 10 years 67,271 - 2,486 64,785 - 4.18 CMOs issued or guaranteed by After 10 years 28,139 - 1,274 26,865 - 3.49 Total Residential MBS 146,468 - 5,819 140,649 - 3.84 After 1 to 5 years 9,444 - 297 9,147 - 3.48 After 10 years 91,226 - 5,783 85,443 - 3.15 Total Commercial MBS 100,670 - 6,080 94,590 - 3.18 Total MBS 247,138 - 11,899 235,239 - 3.57 Total held-to-maturity debt securities $ 354,178 $ 4,811 $ 12,857 $ 346,132 $ 2,197 4.84 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 4.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 126.6 125.9 The aggregated by 30, 2024 and December 31, 2023, including debt securities for which As of June 30, 2024 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 26,147 $ 839 $ 26,147 $ 839 - - 30,398 1,724 30,398 1,724 - - 14,096 951 14,096 951 - - 60,664 3,927 60,664 3,927 - - 25,215 1,640 25,215 1,640 - - 91,991 6,379 91,991 6,379 Total held-to-maturity debt securities $ - $ - $ 248,511 $ 15,460 $ 248,511 $ 15,460 As of December 31, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 34,682 $ 958 $ 34,682 $ 958 - - 33,523 1,270 33,523 1,270 - - 15,476 789 15,476 789 - - 64,785 2,486 64,785 2,486 - - 26,865 1,274 26,865 1,274 - - 94,590 6,080 94,590 6,080 Total held-to-maturity debt securities $ - $ - $ 269,921 $ 12,857 $ 269,921 $ 12,857 The guaranteed by issued or guaranteed by GSEs since they are highly rated by major rating agencies and have a long history of no credit losses. In the case of Puerto Rico municipal cost Accounting Policies,” to the audited financial statements included in the The Corporation scheduled contractual 1.3 2024, from $ 2.2 quarter six-month periods ended June 30, 2024 and 2023: Puerto Rico Municipal Bonds Quarter Ended June 30, 2024 2023 (In thousands) Beginning balance $ 1,235 $ 7,646 Provision for credit losses – expense 32 755 ACL on held-to-maturity debt securities $ 1,267 $ 8,401 Puerto Rico Municipal Bonds Six-Month Period Ended June 30, 2024 2023 (In thousands) Beginning Balance $ 2,197 $ 8,286 Provision for credit losses - (benefit) expense (930) 115 ACL on held-to-maturity debt securities $ 1,267 $ 8,401 During the municipalities effects situation, or measures included fiscal situation of the Puerto to required. considered condition. As no classified as cash and cash equivalents. Credit Quality Indicators: The held-to-maturity debt securities issued in bonds Accordingly, the are generally updated Mention, assets are considered to be Pass-rated audited consolidated financial statements included in the 2023 Annual The credit losses on risk rating classification of the obligor. The administratively Bank’s debt rating assessment evaluation of granting process. Based a sound credit process. The Loan Review Group reports the results of the credit As of June 30, 2024 and December 31, 2023, all Puerto Rico municipal bonds classified No and agreement. |
LOANS HELD FOR INVESTMENT
LOANS HELD FOR INVESTMENT | 6 Months Ended |
Jun. 30, 2024 | |
LOANS HELD FOR INVESTMENT [Abstract] | |
LOANS HELD FOR INVESTMENT | Six-Month Period Ended June 30, 2024 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 - % 236 3.50 % 36 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans 13.00 % - - % - Consumer loans: Auto loans - % 26 2.57 % 28 Personal loans - % 25 3.44 % 17 Credit cards 17.11 % - - % - Other consumer loans - % 24 3.31 % 17 NOTE 3 – LOANS HELD FOR INVESTMENT The geographic locations As of June 30, As of December 31, 2024 2023 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,324,302 $ 2,356,006 Construction loans 163,774 115,401 Commercial mortgage loans 1,760,760 1,790,637 Commercial and Industrial (“C&I”) loans 2,311,945 2,249,408 Consumer loans 3,703,929 3,651,770 Loans held for investment $ 10,264,710 $ 10,163,222 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 485,364 $ 465,720 Construction loans 22,183 99,376 Commercial mortgage loans 662,549 526,446 C&I loans 942,632 924,824 Consumer loans 8,070 5,895 Loans held for investment $ 2,120,798 $ 2,022,261 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,809,666 $ 2,821,726 Construction loans 185,957 214,777 Commercial mortgage loans 2,423,309 2,317,083 C&I loans (1) 3,254,577 3,174,232 Consumer loans 3,711,999 3,657,665 Loans held for investment (2) 12,385,508 12,185,483 ACL on loans and finance leases (254,532) (261,843) Loans held for investment, net $ 12,130,976 $ 11,923,640 (1) As of June 30, 2024 and December 31, 2023, includes $ 785.5 787.5 which the primary source of repayment at origination was (2) Includes accretable fair value net purchase discounts of $ 22.9 24.7 Six-Month Period Ended June 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 $ - $ - $ 542 $ - $ 503 $ 94 $ - $ 1,139 0.04% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 167 103 1,155 (1) 1,425 0.08% Personal loans - - - - 68 83 - 151 0.04% Credit cards - - - 732 (2) - - - 732 0.23% Other consumer loans - - - - 273 99 32 (1) 404 0.27% $ - $ - $ 542 $ 732 $ 1,198 $ 30,549 $ 1,187 $ 34,208 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. When income totaled $ 0.7 1.5 0.5 and 1.1 interest income recognized on nonaccrual 0.3 0.9 0.5 $ 1.0 As of were in 35.1 12.8 loans, and 5.2 foreclosure 120 timelines delayed due to, among other reasons, mandatory mediations, bankruptcy, Six-Month Period Ended June 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 - % 118 2.40 % 157 Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 25 3.64 % 30 Personal loans - % 34 5.11 % 24 Credit cards 16.15 % - - % - Other consumer loans - % 27 1.92 % 24 As of June 30,2024 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) $ 70,479 $ - $ 2,753 $ 22,911 $ - $ 96,143 $ - (2) (6) 2,644,019 - 29,506 8,602 31,396 2,713,523 1,453 Commercial loans: 181,215 - - - 4,742 185,957 971 (2) (6) 2,409,272 1,047 65 1,189 11,736 2,423,309 6,795 3,217,351 1,157 1,112 7,296 27,661 3,254,577 1,580 Consumer loans: 1,895,003 60,591 11,760 - 14,669 1,982,023 368 861,235 14,271 2,229 - 2,577 880,312 137 367,140 6,183 2,643 - 1,999 377,965 - 304,688 5,275 3,181 7,175 - 320,319 - 144,352 3,840 1,795 - 1,393 151,380 - $ 12,094,754 $ 92,364 $ 55,044 $ 47,173 $ 96,173 $ 12,385,508 $ 11,304 (1) It is the Corporation’s policy to report delinquent Federal Housing Authority (“FHA”)/U.S. Department of Veterans accruing as opposed to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 11.0 (2) Includes purchased credit deteriorated (“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 the current expected credit loss (“CECL”) methodology 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 $ 7.4 6.5 0.9 accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 6.8 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.1 (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) 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 June 30, 2024 amounted to $ 7.8 67.7 1.2 respectively. As of December 31, 2023 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 68,332 $ - $ 2,592 $ 29,312 $ - $ 100,236 $ - (2) (6) 2,644,344 - 33,878 11,029 32,239 2,721,490 1,742 Commercial loans: 210,911 - - 2,297 1,569 214,777 972 (2) (6) 2,303,753 17 - 1,108 12,205 2,317,083 2,536 3,148,254 1,130 1,143 8,455 15,250 3,174,232 1,687 Consumer loans: 1,846,652 60,283 13,753 - 15,568 1,936,256 4 837,881 13,786 1,861 - 3,287 856,815 12 370,746 5,873 2,815 - 1,841 381,275 - 313,360 5,012 3,589 7,251 - 329,212 - 147,278 3,084 1,997 - 1,748 154,107 - $ 11,891,511 $ 89,185 $ 61,628 $ 59,452 $ 83,707 $ 12,185,483 $ 6,953 (1) It is the Corporation’s policy to report delinquent FHA/VA accruing interest on these loans until they have passed the 15-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 15.4 guaranteed by the FHA that were over 15 months delinquent as of December 31, 2023. (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 $ 8.3 7.4 residential mortgage loans, and $ 0.9 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.9 repurchase loans that meet GNMA’s (4) Nonaccrual loans in the Florida region amounted to $ 8.0 (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) 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, 2023 amounted to $ 8.2 69.9 1.1 respectively. Credit Quality Indicators: The Corporation their debt economic construction commercial amount of review process of definition discussed in Note 10-K. For residential mortgage and consumer loans, the Corporation evaluates credit Based on origination June 30, classes based on the internal credit-risk category as of December 31, As of June 30,2024 Puerto Rico and Virgin Islands Regions Term Loans As of December 31, 2023 Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 12,154 $ 88,978 $ 41,129 $ 9,748 $ - $ 3,655 $ - $ 155,664 $ 113,170 - - - - - - - - - - 2,881 3,300 - - 1,929 - 8,110 2,231 - - - - - - - - - - - - - - - - - - $ 12,154 $ 91,859 $ 44,429 $ 9,748 $ - $ 5,584 $ - $ 163,774 $ 115,401 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 99,566 $ 172,589 $ 375,881 $ 140,689 $ 313,516 $ 473,812 $ 5,640 $ 1,581,693 $ 1,618,404 - 3,758 4,284 - 30,168 110,922 - 149,132 146,626 - - 118 - - 29,817 - 29,935 25,607 - - - - - - - - - - - - - - - - - - $ 99,566 $ 176,347 $ 380,283 $ 140,689 $ 343,684 $ 614,551 $ 5,640 $ 1,760,760 $ 1,790,637 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 87,957 $ 417,655 $ 288,105 $ 141,237 $ 150,596 $ 336,955 $ 804,023 $ 2,226,528 $ 2,173,939 - 2,466 - 538 - 643 33,981 37,628 40,376 196 1 - 13,984 562 28,662 4,384 47,789 35,093 - - - - - - - - - - - - - - - - - - $ 88,153 $ 420,122 $ 288,105 $ 155,759 $ 151,158 $ 366,260 $ 842,388 $ 2,311,945 $ 2,249,408 $ - $ - $ 304 $ - $ - $ - $ 180 $ 484 (1) Excludes accrued interest receivable. As of June 30,2024 Term Loans As of December 31, 2023 Florida Region Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 47,220 $ 28,888 $ 227,461 $ 105,696 $ 39,272 $ 178,650 $ 22,070 $ 649,257 $ 525,453 - - 12,299 - - - - 12,299 - - - - - 993 - - 993 993 - - - - - - - - - - - - - - - - - - $ 47,220 $ 28,888 $ 239,760 $ 105,696 $ 40,265 $ 178,650 $ 22,070 $ 662,549 $ 526,446 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 79,980 $ 153,687 $ 931,158 $ 879,195 - - - - - 11,474 - 11,474 42,046 - - - - - - - - 3,583 - - - - - - - - - - - - - - - - - - $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 91,454 $ 153,687 $ 942,632 $ 924,824 $ - $ - $ - $ - $ - $ 48 $ 259 $ 307 (1) Excludes accrued interest receivable. As of June 30,2024 Term Loans As of December 31, 2023 Total Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 12,967 $ 91,956 $ 41,129 $ 10,514 $ - $ 3,655 $ 17,626 $ 177,847 $ 212,546 - - - - - - - - - - 2,881 3,300 - - 1,929 - 8,110 2,231 - - - - - - - - - - - - - - - - - - $ 12,967 $ 94,837 $ 44,429 $ 10,514 $ - $ 5,584 $ 17,626 $ 185,957 $ 214,777 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 146,786 $ 201,477 $ 603,342 $ 246,385 $ 352,788 $ 652,462 $ 27,710 $ 2,230,950 $ 2,143,857 - 3,758 16,583 - 30,168 110,922 - 161,431 146,626 - - 118 - 993 29,817 - 30,928 26,600 - - - - - - - - - - - - - - - - - - $ 146,786 $ 205,235 $ 620,043 $ 246,385 $ 383,949 $ 793,201 $ 27,710 $ 2,423,309 $ 2,317,083 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 211,989 $ 565,416 $ 514,966 $ 300,909 $ 189,761 $ 416,935 $ 957,710 $ 3,157,686 $ 3,053,134 - 2,466 - 538 - 12,117 33,981 49,102 82,422 196 1 - 13,984 562 28,662 4,384 47,789 38,676 - - - - - - - - - - - - - - - - - - $ 212,185 $ 567,883 $ 514,966 $ 315,431 $ 190,323 $ 457,714 $ 996,075 $ 3,254,577 $ 3,174,232 $ - $ - $ 304 $ - $ - $ 48 $ 439 $ 791 (1) Excludes accrued interest receivable. As of June 30, 2024 and December 31, 2023, the balance of revolving loans no t material. Accrued 63.1 62.3 reported as part and is excluded from the estimate of credit losses. The determining the ACL as of June 30, 2024 and December 31, 2023 As of June 30, 2024 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 $ 24,449 $ 1,103 $ - $ 24,449 $ 1,103 Commercial loans: Construction loans 3,300 259 956 4,256 259 Commercial mortgage loans - - 43,708 43,708 - C&I loans 22,549 2,642 6,618 29,167 2,642 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 10 - 123 10 $ 50,449 $ 4,015 $ 51,282 $ 101,731 $ 4,015 The properties, retail 74 %, compared to 65 % as of 16.5 region in the food retail industry, 100 %, classified as collateral dependent. Purchases and Sales of Loans In GSEs, such $ 59.9 66.4 $ 2.3 1.4 $ 15.1 22.8 recognized a net 0.3 0.6 that it representations selling and servicing guidelines ( i.e. , ensuring that the mortgage was properly underwritten according to established For loans on or after the obligation, to to regardless of were included in the residential mortgage loan portfolio amounted 6.8 7.9 During the first 0.9 million 1.9 guaranteed, payment advanced computed acceptable Historically, losses of sale. Loan sales to FNMA and FHLMC are without recourse in relation loss deficiencies. During the 79.1 million, which consisted 13.7 65.4 In addition, during the first six 28.0 million. During 9.5 charged-off 0.5 no months of 2023, other than those sales of conforming residential mortgage Loan Portfolio Concentration The Corporation’s and the BVI markets and of $ 12.4 80 % in Puerto 17 % in the 3 % in the USVI and the BVI. As 206.2 municipalities 187.7 $ 129.4 property 25.7 vast provided amounts extended 8.8 loans granted 42.3 corporations of the Puerto Rico government. In addition, as of 74.9 the PRHFA, 77.7 as guarantees serve to cover shortfalls in collateral in the event of a borrower default. The Corporation also $ 105.0 loans to 90.5 were currently performing and up to date on principal and interest payments. Loss Mitigation Program for Borrowers Experiencing 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 2.3 3.8 million in restructured residential quarter 1.6 2.5 comparable periods in 2023. The following financial modification granted, and the portfolio class: As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Conventional residential mortgage loans Accrual Status: Performing $ 79,507 $ 169,119 $ 158,182 $ 65,952 $ 28,397 $ 1,704,353 $ - $ 2,205,510 $ 2,231,701 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total conventional residential mortgage loans $ 79,507 $ 169,119 $ 158,250 $ 65,952 $ 28,397 $ 1,727,626 $ - $ 2,228,851 $ 2,256,713 Total Accrual Status: Performing $ 79,507 $ 169,591 $ 159,074 $ 67,117 $ 28,912 $ 1,796,760 $ - $ 2,300,961 $ 2,330,994 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total residential mortgage loans $ 79,507 $ 169,591 $ 159,142 $ 67,117 $ 28,912 $ 1,820,033 $ - $ 2,324,302 $ 2,356,006 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (1) Excludes accrued interest receivable. As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Conventional residential mortgage loans Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 195,705 $ - $ 476,617 $ 457,550 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total conventional residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 203,512 $ - $ 484,672 $ 464,777 Total Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 196,397 $ - $ 477,309 $ 458,493 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 204,204 $ - $ 485,364 $ 465,720 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Conventional residential mortgage loans Accrual Status: Performing $ 125,348 $ 257,291 $ 233,885 $ 108,953 $ 56,592 $ 1,900,058 $ - $ 2,682,127 $ 2,689,251 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total conventional residential mortgage loans $ 125,348 $ 257,291 $ 234,201 $ 108,953 $ 56,592 $ 1,931,138 $ - $ 2,713,523 $ 2,721,490 Total Accrual Status: Performing $ 125,348 $ 257,763 $ 234,777 $ 110,118 $ 57,107 $ 1,993,157 $ - $ 2,778,270 $ 2,789,487 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total residential mortgage loans $ 125,348 $ 257,763 $ 235,093 $ 110,118 $ 57,107 $ 2,024,237 $ - $ 2,809,666 $ 2,821,726 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (1) Excludes accrued interest receivable. As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans Accrual Status: Performing $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,207 $ - $ 1,966,859 $ 1,919,583 Non-Performing 272 3,506 3,353 2,835 1,280 3,419 - 14,665 15,556 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 139,626 $ - $ 1,981,524 $ 1,935,139 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 1,964 $ - $ 16,027 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 73,338 $ 143,064 $ 94,185 $ 23,833 $ 11,961 $ 27,005 $ - $ 373,386 $ 379,161 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 73,379 $ 143,745 $ 94,983 $ 24,052 $ 12,002 $ 27,224 $ - $ 375,385 $ 381,002 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,101 $ 55,374 $ 23,186 $ 7,070 $ 4,479 $ 5,821 $ 9,997 $ 145,028 $ 147,913 Non-Performing 51 558 312 93 37 170 140 1,361 1,689 Total other consumer loans $ 39,152 $ 55,932 $ 23,498 $ 7,163 $ 4,516 $ 5,991 $ 10,137 $ 146,389 $ 149,602 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 567,206 $ 1,057,195 $ 804,193 $ 489,968 $ 216,841 $ 217,608 $ 330,316 $ 3,683,327 $ 3,629,397 Non-Performing 364 5,245 5,176 3,588 1,526 4,563 140 20,602 22,373 Total consumer loans $ 567,570 $ 1,062,440 $ 809,369 $ 493,556 $ 218,367 $ 222,171 $ 330,456 $ 3,703,929 $ 3,651,770 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 3,972 $ 12,751 $ 53,889 (1) Excludes accrued interest receivable. As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 495 $ - $ 495 $ 1,105 Non-Performing - - - - - 4 - 4 12 Total auto loans $ - $ - $ - $ - $ - $ 499 $ - $ 499 $ 1,117 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 273 Non-Performing - - - - - - - - - Total personal loans $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 273 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 $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,067 $ 1,706 $ 4,959 $ 4,446 Non-Performing - - - - - 17 15 32 59 Total other consumer loans $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,084 $ 1,721 $ 4,991 $ 4,505 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,562 $ 1,706 $ 8,034 $ 5,824 Non-Performing - - - - - 21 15 36 71 Total consumer loans $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,583 $ 1,721 $ 8,070 $ 5,895 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 (1) Excludes accrued interest receivable. As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans Accrual Status: Performing $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,702 $ - $ 1,967,354 $ 1,920,688 Non-Performing 272 3,506 3,353 2,835 1,280 3,423 - 14,669 15,568 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 140,125 $ - $ 1,982,023 $ 1,936,256 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 2,030 $ - $ 16,093 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 75,798 $ 143,113 $ 94,185 $ 23,904 $ 11,961 $ 27,005 $ - $ 375,966 $ 379,434 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 75,839 $ 143,794 $ 94,983 $ 24,123 $ 12,002 $ 27,224 $ - $ 377,965 $ 381,275 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,648 $ 55,427 $ 23,232 $ 7,289 $ 4,800 $ 7,888 $ 11,703 $ 149,987 $ 152,359 Non-Performing 51 558 312 93 37 187 155 1,393 1,748 Total other consumer loans $ 39,699 $ 55,985 $ 23,544 $ 7,382 $ 4,837 $ 8,075 $ 11,858 $ 151,380 $ 154,107 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 570,213 $ 1,057,297 $ 804,239 $ 490,258 $ 217,162 $ 220,170 $ 332,022 $ 3,691,361 $ 3,635,221 Non-Performing 364 5,245 5,176 3,588 1,526 4,584 155 20,638 22,444 Total consumer loans $ 570,577 $ 1,062,542 $ 809,415 $ 493,846 $ 218,688 $ 224,754 $ 332,177 $ 3,711,999 $ 3,657,665 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 4,038 $ 12,751 $ 53,955 (1) Excludes accrued interest receivable. As of December 31, 2023 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 25,355 $ 1,732 $ - $ 25,355 $ 1,732 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 4,454 135 40,683 45,137 135 C&I loans 9,390 1,563 6,780 16,170 1,563 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 12 - 123 12 $ 39,350 $ 3,443 $ 48,419 $ 87,769 $ 3,443 The Corporation’s portfolio classes as of June 30, 2024 and December 31, 2023 are as follows: The following accrual amortized cost of residential mortgage loans by portfolio classes based on accrual The status as of year, and the amortized cost of consumer loans Quarter Ended June 30, 2024 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 $ - $ - $ 407 $ - $ 25 $ 3 $ - $ 435 0.02% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - - - - - - - Consumer loans: Auto loans - - - - 134 81 933 (1) 1,148 0.06% Personal loans - - - - - 89 - 89 0.02% Credit cards - - - 890 (2) - - - 890 0.28% Other consumer loans - - - - 165 132 20 (1) 317 0.21% $ - $ - $ 407 $ 890 $ 116,305 $ 305 $ 953 $ 118,860 The following tables present by portfolio classes the performance of loans modified 2024 and during the six-month period ended June 30, 2023 that were granted Last Twelve Months Ended June 30, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,424 $ 1,424 Construction loans - - - - - - Commercial mortgage loans - - - - 118,190 118,190 C&I loans - - - - 186 186 Consumer loans: Auto loans 50 28 145 223 3,323 3,546 Personal loans 19 9 - 28 256 284 Credit cards 163 77 19 259 1,749 2,008 Other consumer loans 66 35 2 103 567 670 $ 298 $ 149 $ 166 $ 613 $ 125,695 $ 126,308 Six-Month Period Ended June 30, 2024 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 $ - $ - $ 869 $ - $ 25 $ 80 $ - $ 974 0.03% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - 12 - - - 12 0.00% Consumer loans: Auto loans - - - - 300 171 1,926 (1) 2,397 0.12% Personal loans - - - - 13 102 - 115 0.03% Credit cards - - - 1,406 (2) - - - 1,406 0.44% Other consumer loans - - - - 303 139 38 (1) 480 0.32% $ - $ - $ 869 $ 1,418 $ 116,622 $ 492 $ 1,964 $ 121,365 Various commitments. 5.4 4.6 December 1.9 $ 1.8 3.2 collateral to secure 2.5 165.4 million pledged 166.9 31, 2023 Quarter Ended June 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 $ - $ - $ 210 $ - $ 73 $ - $ - $ 283 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 82 69 678 (1) 829 0.04% Personal loans - - - - 41 71 - 112 0.03% Credit cards - - - 486 (2) - - - 486 0.15% Other consumer loans - - - - 146 40 10 (1) 196 0.13% $ - $ - $ 210 $ 486 $ 529 $ 30,350 $ 688 $ 32,263 Six-Month Period Ended June 30, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,139 $ 1,139 Construction loans - - - - - - Commercial mortgage loans - - - - 30,170 30,170 C&I loans - - - - 187 187 Consumer loans: Auto loans 10 - - 10 1,415 1,425 Personal loans - - - - 151 151 Credit cards 40 40 - 80 652 732 Other consumer loans 22 - - 22 382 404 $ 72 $ 40 $ - $ 112 $ 34,096 $ 34,208 Quarter Ended June 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 - % 239 - % - Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 27 3.96 % 30 Personal loans - % 37 5.41 % 26 Credit cards 16.26 % - - % - Other consumer loans - % 28 1.87 % 22 The financial difficulty, 2023. The financial the tables below: Quarter Ended June 30, 2024 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 - % 236 0.50 % 256 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans - % - - % - Consumer loans: Auto loans - % 21 3.29 % 28 Personal loans - % - 2.99 % 19 Credit cards 17.55 % - - % - Other consumer loans - % 26 3.34 % 17 There were 0.2 0.3 the quarter default. No 30, 2023. |
ALLOWANCE FOR CREDIT LOSSES FOR
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES | 6 Months Ended |
Jun. 30, 2024 | |
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 portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Quarter Ended June 30, 2024 (In thousands) ACL: Beginning balance $ 56,689 $ 6,186 $ 32,661 $ 34,490 $ 133,566 $ 263,592 Provision for credit losses - (benefit) expense (10,593) (554) (2,976) (668) 26,721 11,930 Charge-offs (491) - - (332) (25,591) (26,414) Recoveries 446 14 393 958 3,613 5,424 Ending balance $ 46,051 $ 5,646 $ 30,078 $ 34,448 $ 138,309 $ 254,532 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Consumer Loans Total Quarter Ended June 30, 2023 (In thousands) ACL: Beginning balance $ 64,403 $ 3,231 $ 36,460 $ 31,235 $ 130,238 $ 265,567 Provision for credit losses - (benefit) expense (3,500) 1,202 5,999 2,997 14,072 20,770 Charge-offs (1,146) (38) (88) (6,350) (16,462) (24,084) Recoveries 757 409 56 132 3,451 4,805 Ending balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Six-Month Period Ended June 30, 2024 (In thousands) ACL: Beginning balance $ 57,397 $ 5,605 $ 32,631 $ 33,190 $ 133,020 $ 261,843 Provision for credit losses - (benefit) expense (11,057) 17 (2,986) (4,028) 42,901 24,847 Charge-offs (1,007) - - (791) (53,955) (55,753) Recoveries 718 24 433 6,077 16,343 (1) 23,595 Ending balance $ 46,051 $ 5,646 $ 30,078 $ 34,448 $ 138,309 $ 254,532 (1) Includes recoveries totaling $ 9.5 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Six-Month Period Ended June 30, 2023 (In thousands) ACL: Beginning balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Impact of adoption of ASU 2022-02 (1) 2,056 - - 7 53 2,116 Provision for credit losses - (benefit) expense (3,427) 2,062 7,245 1,347 29,799 37,026 Charge-offs (2,129) (38) (106) (6,468) (33,260) (42,001) Recoveries 1,254 472 224 222 7,281 9,453 Ending balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 (1) Recognized as a result of the adoption of ASU 2022-02, for which the Corporation elected to discontinue the use of a discounted cash flow methodology for restructured accruing loans, which had a corresponding The Significant Accounting as updated by the information contained in this report, for each portfolio segment The Corporation ACL with each national and the outlook Rico region. At least every other in losses. loan, experienced a required reserve the required reserve levels as the loss experience in such portfolios have been As of June 30, 2024, the ACL for loans and finance 254.5 7.3 261.8 December 11.3 experience reserve decreased by $ 1.3 variables associated with commercial real estate property performance, Meanwhile, 5.3 credit cards; for determining the auto loan and finance lease portfolios. Net charge-offs were 21.0 32.2 $ 19.3 32.5 1.7 quarter of partially offset by 6.2 during the second 0.3 the 9.5 5.0 with a 6.2 off recorded the aforementioned increase in consumer loans and finance leases charge-offs. The tables below June 30, 2024 and December 31, 2023: As of June 30, 2024 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,809,666 $ 185,957 $ 2,423,309 $ 3,254,577 $ 3,711,999 $ 12,385,508 46,051 5,646 30,078 34,448 138,309 254,532 1.64 % 3.04 % 1.24 % 1.06 % 3.73 % 2.06 % As of December 31, 2023 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,821,726 $ 214,777 $ 2,317,083 $ 3,174,232 $ 3,657,665 $ 12,185,483 57,397 5,605 32,631 33,190 133,020 261,843 2.03 % 2.61 % 1.41 % 1.05 % 3.64 % 2.15 % In credit commercial “Regulatory December 31, in included in the $ 4.5 4.6 The following and six-month periods ended June 30, 2024 and 2023: Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands) Beginning Balance $ 4,919 $ 4,168 $ 4,638 $ 4,273 Provision for credit losses - (benefit) expense (417) 721 (136) 616 Ending balance $ 4,502 $ 4,889 $ 4,502 $ 4,889 |
OTHER REAL ESTATE OWNED (OREO)
OTHER REAL ESTATE OWNED (OREO) | 6 Months Ended |
Jun. 30, 2024 | |
OTHER REAL ESTATE OWNED (OREO) [Abstract] | |
OTHER REAL ESTATE OWNED (OREO) | NOTE 5 – OTHER REAL ESTATE The following table presents the OREO inventory as of the indicated dates: June 30, 2024 December 31, 2023 (In thousands) OREO balances, carrying value: Residential (1) $ 15,468 $ 20,261 Construction 1,658 1,601 Commercial 4,556 10,807 Total $ 21,682 $ 32,669 (1) Excludes $ 11.3 16.6 Residential Real condition. (2) Decrease was mainly associated with the sale of a $ 5.3 2.3 See Note 17 – “Fair of “Net gain on OREO operations” 2024 and 2023. |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES | 6 Months Ended |
Jun. 30, 2024 | |
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 2023, management performed a qualitative analysis of 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, 2023, 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 six months of 2024. There no 2023. Other Intangible Assets The amortization as of the indicated dates: As of As of June 30, 2024 December 31, 2023 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (77,844) (74,161) Net carrying amount $ 9,700 $ 13,383 Remaining amortization period (in years) 5.5 6.0 During 1.9 3.7 respectively, 2.0 4.0 the same periods in 2023, 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 June 30, 2024. The estimated as follows as of June 30, 2024 (In thousands) 2024 $ 2,733 2025 3,509 2026 872 2027 872 2028 872 2029 and after 842 |
NON-CONSOLIDATED VARIABLE INTER
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS | 6 Months Ended |
Jun. 30, 2024 | |
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). December 31, 2023, these Junior Subordinated Deferrable Debentures amounted 161.7 Under the indentures of these instruments, to defer and from 2024, On 250 million consolidated financial statements herein for additional details of capital actions. Private Label MBS During effect servicing for through Bank is and interest 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 of these private 6.7 4.6 7.65 %, which is included as part on these private label MBS amounted to $ 0.2 Servicing Assets, or Mortgage Servicing Rights (“MSRs”) The which the issued service loans 2.1 FNMA whether those servicing financial condition. The changes in MSRs are shown below for the indicated periods: Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ 26,355 $ 28,431 $ 26,941 $ 29,037 Capitalization of servicing assets 647 706 1,107 1,238 Amortization (1,038) (1,102) (2,075) (2,230) Temporary impairment - 1 - 5 Other (1) (12) (2) (21) (16) Balance at end of period $ 25,952 $ 28,034 $ 25,952 $ 28,034 (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 June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ - $ 8 $ - $ 12 Temporary impairment - (1) - (5) $ - $ 7 $ - $ 7 The components are shown below for the indicated periods: Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Servicing fees $ 2,605 $ 2,660 $ 5,178 $ 5,378 Late charges and prepayment penalties 181 211 370 410 Other (1 ) (12) (2) (21) (16) 2,774 2,869 5,527 5,772 Amortization and impairment of servicing assets (1,038) (1,101) (2,075) (2,225) $ 1,736 $ 1,768 $ 3,452 $ 3,547 (1) The Corporation’s value at the time of sale of the related mortgages for the indicated periods Weighted Average Maximum Minimum Six-Month Period Ended June 30, 2024 Constant prepayment rate: 6.8 % 17.1 % 3.2 % 6.8 % 15.9 % 2.9 % 6.2 % 7.6 % 4.4 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 11.5 % 12.5 % 11.0 % Six-Month Period Ended June 30, 2023 Constant prepayment rate: 6.7 % 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 % 12.9 % 14.0 % 11.5 % The weighted current 10 % 20 % indicated dates: June 30, 2024 December 31, 2023 (In thousands) Carrying amount of servicing assets $ 25,952 $ 26,941 Fair value $ 44,590 $ 45,244 Weighted-average 7.69 7.79 Constant prepayment rate (weighted-average annual 6.30 % 6.27 % $ 881 $ 886 $ 1,720 $ 1,731 Discount rate (weighted-average annual rate) 10.70 % 10.68 % $ 1,890 $ 1,927 $ 3,641 $ 3,712 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 | 6 Months Ended |
Jun. 30, 2024 | |
DEPOSITS [Abstract] | |
DEPOSITS | NOTE 8 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: June 30, 2024 December 31, 2023 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 5,406,054 $ 5,404,121 Interest-bearing checking accounts 3,831,677 3,937,945 Interest-bearing saving accounts 3,629,326 3,596,855 Time deposits 3,037,120 2,833,730 Brokered certificates of deposits ("CDs") 624,779 783,334 $ 16,528,956 $ 16,555,985 The following table presents the remaining contractual maturities of time deposits, Total (In thousands) Three months or less $ 966,977 Over three months to six months 829,519 Over six months to one year 1,102,165 Over one year to two years 474,119 Over two years to three years 70,269 Over three years to four years 126,118 Over four years to five years 70,897 Over five years 21,835 $ 3,661,899 Total 1.6 1.4 30, brokers in fees amounted 1.2 1.0 under the interest method. |
ADVANCES FROM THE FEDERAL HOME
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | 6 Months Ended |
Jun. 30, 2024 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | NOTE 9 – ADVANCES The following is a summary of the advances from the FHLB as of the indicated dates: June 30, 2024 December 31, 2023 (In thousands) Long-term Fixed -rate advances from the FHLB (1) $ 500,000 $ 500,000 (1) Weighted-average interest rate of 4.45 % as of each of June 30, 2024 and December 31, 2023, respectively. Advances from the FHLB mature as follows as of the indicated date: June 30, 2024 (In thousands) Over six months to one year $ 180,000 Over one to five years 320,000 (1) $ 500,000 (1) Average remaining term to maturity of 1.99 |
OTHER LONG-TERM BORROWINGS
OTHER LONG-TERM BORROWINGS | 6 Months Ended |
Jun. 30, 2024 | |
OTHER LONG-TERM BORROWINGS [Abstract] | |
OTHER LONG-TERM BORROWINGS | NOTE 10 – OTHER LONG-TERM BORROWINGS Junior Subordinated Debentures Junior subordinated debentures, as of the indicated dates, consisted of: (In thousands) June 30, 2024 December 31, 2023 Long-term floating rate junior subordinated debentures (FBP Statutory Trust I) (1) (3) $ 43,143 $ 43,143 Long-term floating rate junior subordinated debentures (FBP Statutory Trust II) (2) (3) 118,557 118,557 $ 161,700 $ 161,700 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of June 30, 2024 and December 31, 2023 ( 8.35 % as of June 30,2024 and 8.39 % as of December 31, 2023). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of June 30, 2024 and December 31, 2023 ( 8.11 % as of June 30, 2024 and 8.13 % as of December 31, 2023). (3) See Note 7 - “Non-Consolidated Variable See actions 250 junior subordinated debentures. |
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE | 6 Months Ended |
Jun. 30, 2024 | |
EARNINGS PER COMMON SHARE [Abstract] | |
EARNINGS PER COMMON SHARE | NOTE 11 – EARNINGS PER COMMON . SHARE The follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands, except per share information) Net income attributable to common stockholders $ 75,838 $ 70,655 $ 149,296 $ 141,353 Weighted-Average 164,945 178,926 166,043 179,567 598 351 627 686 165,543 179,277 166,670 180,253 Earnings per common share: Basic $ 0.46 $ 0.39 $ 0.90 $ 0.79 Diluted $ 0.46 $ 0.39 $ 0.90 $ 0.78 Earnings number restricted stock that do not contain non-forfeitable dividend rights Potential dilutive conditions using the services number outstanding lower potentially dilutive no shares of common stock during the quarters and six-month periods ended |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 6 Months Ended |
Jun. 30, 2024 | |
STOCK-BASED COMPENSATION [Abstract] | |
STOCK-BASED COMPENSATION | NOTE 12 – STOCK-BASED . COMPENSATION The First Bancorp and non-equity-based 14,169,807 of 2,593,029 based on those restrictions that apply 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 398,569 connection with restricted stock awards, which were reissued from The following table 2024 and 2023: Six-Month Period Ended June 30, 2024 2023 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 889,642 $ 12.30 938,491 $ 9.14 Granted (1) 398,569 17.35 495,891 11.99 Forfeited (3,464) 13.30 (57,491) 11.29 Vested (253,504) 12.26 (481,536) 5.93 Unvested shares outstanding at end of period 1,031,243 $ 14.26 895,355 $ 12.31 (1) For the six-month period ended June 30, 2024, 2,280 396,289 which 84,122 3,502 of restricted stock awarded 492,389 33,718 and thus charged to earnings as of the grant date. For the quarter 1.3 3.7 of stock-based compensation expense related to restricted 1.4 3.0 in 2023. 7.0 stock that the Corporation expects to recognize over a weighted-average period 1.8 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. Performance units granted during the six-month periods ended June 30, 2024 and 2023 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. The following 30, 2024 and 2023: Six-Month Period Ended June 30, 2024 2023 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 534,261 $ 12.25 791,923 $ 7.36 Additions (1) 165,487 18.39 216,876 12.24 Vested (2) (150,716) 11.26 (474,538) 4.08 Performance units at end of period 549,032 $ 14.37 534,261 $ 12.25 (1) Units granted during the six-month periods ended June 30, 2024 and 2023 are based on the achievement of the Relative TSR and TBVPS performance goals during a three-year performance cycle beginning January 1, 2024 and January 1, 2023, respectively, and ending on December 31, 2026 and December 31, 2025, respectively. (2) Units vested during the six-month periods ended June 30, 2024 and 2023 are related to performance units granted in 2021 and 2020, respectively, that met the pre-established target and were settled with shares of common stock reissued from treasury shares. The fair value of the performance units awarded during the six-month periods ended June 30, 2024 and 2023, 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 June 30, 2024, 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, 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 six-month Six-Month Period Ended June 30, 2024 2023 Risk-free interest rate (1) 4.41 % 3.98 % Correlation coefficient 73.80 77.16 Expected dividend yield (2) - - Expected volatility (3) 34.65 41.37 Expected life (in years) 2.78 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 the quarter 0.6 1.1 of stock-based 0.5 1.0 2023. As of 4.9 the Corporation expects to recognize over a weighted-average period of 2.1 Shares withheld During 136,308 287,835 restricted liabilities; officer stock repurchases. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 6 Months Ended |
Jun. 30, 2024 | |
STOCKHOLDERS' EQUITY [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 13 – Stock Repurchase Programs On may repurchase up 225 half of 2024, 5,846,872 $ 17.10 100.0 2,840,321 stock 17.60 50.0 2024. As 50.0 under this program. program, 250 stock or junior subordinated debentures, Repurchases negotiated subordinated repurchase program alternative uses it to acquire any or dividends, payments on its obligations, including debt obligations. Common Stock The following 30, 2024 and 2023: Total Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 Common stock outstanding, beginning balance 166,707,047 179,788,698 169,302,812 182,709,059 Common stock repurchased (1) (2,840,591) - (5,983,180) (3,865,375) Common stock reissued under stock-based compensation plan 556 - 549,285 970,429 Restricted stock forfeited (1,559) (32,076) (3,464) (57,491) Common stock outstanding, ending balance 163,865,453 179,756,622 163,865,453 179,756,622 (1) For the quarter and six-month period ended June 270 136,308 For the six-month period ended June 30, 2023 includes 287,835 For the $ 26.6 0.16 53.4 0.32 25.3 0.14 $ 50.7 0.28 July 22, 2024 , the declared 0.16 September 13, 2024 record at the August 29, 2024 . The Corporation However, and approval by the Corporation’s Preferred Stock The Corporation 50,000,000 1.00 , subject to may Directors No preferred stock were outstanding as of June 30, 2024 and December 31, 2023. Treasury Stock The following table shows the change in shares of treasury stock for the quarters and six-month 2023: Total Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 Treasury stock, beginning balance 56,956,069 43,874,418 54,360,304 40,954,057 Common stock repurchased 2,840,591 - 5,983,180 3,865,375 Common stock reissued under stock-based compensation plan (556) - (549,285) (970,429) Restricted stock forfeited 1,559 32,076 3,464 57,491 Treasury stock, ending balance 59,797,663 43,906,494 59,797,663 43,906,494 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 earnings 199.6 30, 2024 and December 31, 2023. There were no |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE LOSS | 6 Months Ended |
Jun. 30, 2024 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE LOSS | NOTE 14 – ACCUMULATED The June 30, 2024 and 2023: Changes in Accumulated Other Comprehensive (1) Quarter ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (655,617) $ (718,744) $ (640,552) $ (805,972) (2) 10,560 (54,837) (4,505) 32,391 Ending balance $ (645,057) $ (773,581) $ (645,057) $ (773,581) Adjustment of pension and postretirement Beginning balance $ 1,382 $ 1,194 $ 1,382 $ 1,194 - - - - Ending balance $ 1,382 $ 1,194 $ 1,382 $ 1,194 (1) All amounts presented are net of tax. (2) Net unrealized holding gains (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 | 6 Months Ended |
Jun. 30, 2024 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
EMPLOYEE BENEFIT PLANS | NOTE 15 – 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 following table presents the components of net periodic (benefit) cost for Affected Line Item in the Consolidated Quarter Ended June 30, Six-Month Period Ended June 30, Statements of Income 2024 2023 2024 2023 (In thousands) Net periodic (benefit) cost, pension plans: Interest cost Other expenses $ 901 $ 950 $ 1,802 $ 1,900 Expected return on plan assets Other expenses (1,018) (885) (2,036) (1,771) Net periodic (benefit) cost, pension plans (117) 65 (234) 129 Net periodic cost, postretirement plan Other expenses 16 6 32 12 Net periodic (benefit) cost $ (101) $ 71 $ (202) $ 141 |
INCOME TAXES
INCOME TAXES | 6 Months Ended |
Jun. 30, 2024 | |
INCOME TAXES [Abstract] | |
INCOME TAXES | NOTE 16 – The Corporation is subject to Puerto Rico income tax on as amended (the “PR Tax consolidated tax returns. However, treated as that Corporation, Puerto Rico activities that have certain tax advantages under Act 60 of 2019. For the second quarter 25.5 30.3 second quarter of 49.5 to $ 62.2 was mainly tax treatment under of 2023 rate of 37.5 %. The cannot be recognized and discrete items, was 24.1 % for the first six months of 2024, compared to 30.1 % for the same period in 2023. Income corporation, FirstBank USVI income trade or business in those jurisdictions. liability, current income 2.9 5.1 $ 1.5 4.0 As of June 142.7 141.1 against the deferred tax asset, compared to a net deferred tax asset of $ 150.1 139.2 of December 142.7 of 113.2 150.1 valuation allowance 111.4 usage of alternative minimum tax primarily to changes asset capital loss carryforwards, NOL carryforwards and unrealized losses of available See Note 22 for information Code and the limitation under Section 382 of the U.S. Internal Revenue The policy Corporation had 0.2 0.8 acquired The unrecognized positions, expiration of open income uncertainty, The limitations for of an audit by to quarterly or annual all tax open to examination. |
FAIR VALUE
FAIR VALUE | 6 Months Ended |
Jun. 30, 2024 | |
FAIR VALUE [Abstract] | |
FAIR VALUE | NOTE 17 – Fair Value transfer between market liabilities, which is based on One of three levels of inputs may be used to measure fair value: Valuations transactions involving identical assets or liabilities in active markets. 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. Va luations of Level 3 assets and activity and instruments significant management judgment as to the estimation. a description of the valuation methodologies used to measure financial instruments quarters and six-month periods ended June 30, 2024 and 2023. Assets and liabilities measured at fair value on a recurring basis are summarized below as of As of June 30, 2024 As of December 31, 2023 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 $ 117,073 $ - $ - $ 117,073 $ 135,393 $ - $ - $ 135,393 Noncallable U.S. agencies debt securities - 495,689 - 495,689 - 433,437 - 433,437 Callable U.S. agencies debt securities - 1,739,738 - 1,739,738 - 1,874,960 - 1,874,960 MBS - 2,597,712 4,567 (1) 2,602,279 - 2,779,994 4,785 (1) 2,784,779 Puerto Rico government obligation - - 1,532 1,532 - - 1,415 1,415 Other investments - - 1,000 1,000 - - - - Equity securities 4,867 - - 4,867 4,893 - - 4,893 Derivative assets - 316 - 316 - 341 - 341 Liabilities: Derivative liabilities - 152 - 152 - 317 - 317 (1) Related to private label MBS. The table basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 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 $ 6,275 $ 7,605 $ 6,200 $ 8,495 175 (19) 414 (181) (2) (60) 16 9 25 1,000 - 1,000 - (3) (291) (245) (524) (982) Ending balance $ 7,099 $ 7,357 $ 7,099 $ 7,357 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized (losses) gains included in earnings were (3) For the six-month period ended June 30, 2023 includes a 0.5 The significant unobservable inputs (Level 3) as of June 30,2024 and December June 30, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,567 Discounted cash flows Discount rate 16.8% 16.8% 16.8% Prepayment rate 0.0% 5.6% 3.4% Projected cumulative loss rate 0.2% 9.4% 4.1% $ 1,532 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 25.9% 25.9% 25.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,785 Discounted cash flows Discount rate 16.1% 16.1% 16.1% Prepayment rate 0.0% 6.9% 3.7% Projected cumulative loss rate 0.1% 10.9% 4.2% $ 1,415 Discounted cash flows Discount rate 14.1% 14.1% 14.1% Projected cumulative loss rate 25.8% 25.8% 25.8% Information about Sensitivity to Changes in Significant Unobservable Inputs Private label and prepayment loss instruments. The Corporation modeled meaningful and possible Puerto Rico Government Obligation: the (decrease) in the methodology used to calculate the fair value of these debt securities. Additionally, fair value For recognized at fair value on a non-recurring basis and still held at June 30, 2024, as shown Carrying value as of June 30, 2024 Related to losses recorded for the Quarter Ended June 30, 2024 Related to losses recorded for the Six- Month Period Ended June 30, 2024 Losses recorded for the Quarter Ended June 30, 2024 Losses recorded for the Six-Month Period Ended June 30, 2024 (In thousands) Level 3: Loans receivable (1) $ 25,930 $ 26,117 $ (107) $ (144) OREO (2) 1,044 1,292 (55) (171) (1) Consists mainly of the fair values from assumptions of the 4 % for the quarter 2024. (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the loans to the 2 % to 18 % for the quarter and six-month period ended June 30, For recognized at fair value on a non-recurring basis and still held at June 30, 2023, as shown Carrying value as of June 30, 2023 Related to (losses) gains recorded for the Quarter Ended June 30, 2023 Related to (losses) gains recorded for the Six- Month Period Ended June 30, 2023 (Losses) gains recorded for the Quarter Ended June 30, 2023 (Losses) gains recorded for the Six-Month Period Ended June 30, 2023 (In thousands) Level 3: Loans receivable (1) $ 8,011 $ 8,920 $ (6,515) $ (6,744) OREO (2) 1,471 2,038 45 12 Level 2: Loans held for sale (3) $ 14,295 $ 14,295 $ (73) $ (73) (1) Consists mainly of the fair values from assumptions of 1 % to 22 % for ended June 30, 2023. (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the 7 % to 34 % for the quarter ended June 30, 2023, and 6 % to 34 % for the six-month period ended June 30, 2023. (3) The Corporation derived the fair value of these loans based See Note 25 – qualitative nonrecurring basis. The instruments as of June 30,2024 and December 31, 2023: Total Carrying Amount in Statement of Financial Condition as of June 30, 2024 Fair Value Estimate as June 30, 2024 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 586,282 $ 586,282 $ 586,282 $ - $ - Available-for-sale debt 4,957,311 4,957,311 117,073 4,833,139 7,099 Held-to-maturity debt securities: 344,435 (1,267) $ 343,168 333,690 - 222,364 111,326 Equity securities (amortized cost) 46,170 46,170 - 46,170 (1) - Other equity securities (fair value) 4,867 4,867 4,867 - - Loans held for sale (lower of cost or market) 10,392 10,450 - 10,450 - Loans held for investment: 12,385,508 (254,532) $ 12,130,976 12,058,472 - - 12,058,472 MSRs (amortized cost) 25,952 44,590 - - 44,590 Derivative assets (fair value) 316 316 - 316 - Liabilities: Deposits (amortized cost) $ 16,528,956 $ 16,521,923 $ - $ 16,521,923 $ - Advances from the FHLB (amortized cost): 500,000 495,838 - 495,838 - Other long-term borrowings (amortized cost) 161,700 159,696 - - 159,696 Derivative liabilities (fair value) 152 152 - 152 - (1) Includes FHLB stock with a carrying value of $ 34.0 (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, 2023 Fair Value Estimate as December 31, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 663,164 $ 663,164 $ 663,164 $ - $ - Available-for-sale debt 5,229,984 5,229,984 135,393 5,088,391 6,200 Held-to-maturity debt securities: 354,178 (2,197) $ 351,981 346,132 - 235,239 110,893 Equity securities (amortized cost) 44,782 44,782 - 44,782 (1) - Other equity securities (fair value) 4,893 4,893 4,893 - - Loans held for sale (lower of cost or market) 7,368 7,476 - 7,476 - Loans held for investment: 12,185,483 (261,843) $ 11,923,640 11,762,855 - - 11,762,855 MSRs (amortized cost) 26,941 45,244 - - 45,244 Derivative assets (fair value) (2) 341 341 - 341 - Liabilities: Deposits (amortized cost) $ 16,555,985 $ 16,565,435 $ - $ 16,565,435 $ - Advances from the FHLB (amortized cost) 500,000 500,522 - 500,522 - Other long-term borrowings (amortized cost) 161,700 159,999 - - 159,999 Derivative liabilities (fair value) (2) 317 317 - 317 - (1) Includes FHLB stock with a carrying value of $ 34.6 (2) Includes interest rate swap agreements, interest rate caps, forward contracts and interest rate lock 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 | 6 Months Ended |
Jun. 30, 2024 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
REVENUE FROM CONTRACTS WITH CUSTOMERS | NOTE 18 – 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 outside of month periods ended June 30, 2024 and 2023: Quarter ended June 30, 2024 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (loss) (1) $ 14,332 $ 151,269 $ 14,927 $ (4,851) $ 18,884 $ 5,067 $ 199,628 Service charges and fees on deposit accounts - 5,254 3,536 - 155 780 9,725 Insurance commission income - 2,563 - - 30 193 2,786 Card and processing income - 10,472 18 - 31 1,002 11,523 Other service charges and fees 41 973 1,018 - 613 153 2,798 Not in scope of ASC Topic 3,620 1,201 244 98 5 38 5,206 3,661 20,463 4,816 98 834 2,166 32,038 Total Revenue (Loss) $ 17,993 $ 171,732 $ 19,743 $ (4,753) $ 19,718 $ 7,233 $ 231,666 Quarter ended June 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 (loss) (1) $ 21,360 $ 142,597 $ 12,933 $ (2,789) $ 19,690 $ 6,024 $ 199,815 Service charges and fees on deposit accounts - 5,087 3,326 - 172 702 9,287 Insurance commission income - 2,464 - - 79 204 2,747 Card and processing income - 10,152 28 - 49 906 11,135 Other service charges and fees 33 1,508 1,094 - 660 207 3,502 Not in scope of ASC Topic (1) 3,029 1,010 3,697 1,680 195 (11) 9,600 Total non-interest 3,062 20,221 8,145 1,680 1,155 2,008 36,271 Total Revenue (Loss) $ 24,422 $ 162,818 $ 21,078 $ (1,109) $ 20,845 $ 8,032 $ 236,086 Six-Month Period Ended June 30, 2024 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income loss (1) $ 30,155 $ 300,216 $ 29,855 $ (11,383) $ 37,132 $ 10,173 $ 396,148 Service charges and fees on deposit accounts - 10,535 7,028 - 303 1,521 19,387 Insurance commission income - 7,797 - - 86 410 8,293 Card and processing income - 20,710 42 - 109 1,974 22,835 Other service charges and fees 99 2,016 1,894 - 1,234 294 5,537 Not in scope of ASC Topic 6,581 2,811 353 181 3 40 9,969 6,680 43,869 9,317 181 1,735 4,239 66,021 Total Revenue (Loss) $ 36,835 $ 344,085 $ 39,172 $ (11,202) $ 38,867 $ 14,412 $ 462,169 Six-Month Period Ended June 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 (loss) (1) $ 43,148 $ 280,341 $ 27,873 $ (3,447) $ 40,620 $ 12,165 $ 400,700 Service charges and fees on deposit accounts - 10,573 6,480 - 337 1,438 18,828 Insurance commission income - 7,104 - - 107 383 7,594 Card and processing income - 20,053 50 - 80 1,870 22,053 Other service charges and fees 194 2,660 1,948 - 1,243 551 6,596 Not in scope of ASC Topic 5,942 1,865 3,842 1,840 235 (6) 13,718 6,136 42,255 12,320 1,840 2,002 4,236 68,789 Total Revenue (Loss) $ 49,284 $ 322,596 $ 40,193 $ (1,607) $ 42,622 $ 16,401 $ 469,489 (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 quarters Topic 606 was related See Annual Report on Form 10-K for a discussion of major revenue streams under Contract Balances As of no statements. Moreover, the balances of contract Other The Corporation in recognizing revenue for financial reporting purposes. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 6 Months Ended |
Jun. 30, 2024 | |
SEGMENT INFORMATION [Abstract] | |
SEGMENT INFORMATION | NOTE 19 – SEGMENT INFORMATION Based management, the Corporation’s Corporation six Treasury and based Corporation’s were also considered in the determination of the reportable segments. The Mortgage consists centers. The Commercial and represented commercial loans, as cash investment Commercial segments funds to segments are actual United States commercial and consumer banking Corporation in the USVI and the BVI, including commercial and consumer 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 June 30, 2024: Interest income $ 31,446 $ 95,139 $ 72,914 $ 28,912 $ 36,413 $ 7,421 $ 272,245 Net (charge) credit for transfer of funds (17,114) 99,472 (57,987) (21,820) (2,551) - - Interest expense - (43,342) - (11,943) (14,978) (2,354) (72,617) Net interest income (loss) 14,332 151,269 14,927 (4,851) 18,884 5,067 199,628 Provision for credit losses - (benefit) expense (9,794) 26,076 (1,647) 60 (3,524) 434 11,605 Non-interest income 3,661 20,463 4,816 98 834 2,166 32,038 Direct non-interest expenses 6,300 44,688 8,355 984 9,092 7,022 76,441 $ 21,487 $ 100,968 $ 13,035 $ (5,797) $ 14,150 $ (223) $ 143,620 Average earning assets $ 2,116,306 $ 3,487,340 $ 4,045,222 $ 5,842,575 $ 2,119,230 $ 419,052 $ 18,029,725 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended June 30, 2023: Interest income $ 31,605 $ 86,989 $ 65,356 $ 29,528 $ 32,098 $ 6,628 $ 252,204 Net (charge) credit for transfer of funds (10,245) 86,144 (52,423) (22,739) (737) - - Interest expense - (30,536) - (9,578) (11,671) (604) (52,389) Net interest income (loss) 21,360 142,597 12,933 (2,789) 19,690 6,024 199,815 Provision for credit losses - (benefit) expense (3,829) 13,669 7,675 (16) 4,017 714 22,230 Non-interest income 3,062 20,221 8,145 1,680 1,155 2,008 36,271 Direct non-interest expenses 5,533 41,814 9,340 923 8,502 6,731 72,843 $ 22,718 $ 107,335 $ 4,063 $ (2,016) $ 8,326 $ 587 $ 141,013 Average earning assets $ 2,144,340 $ 3,241,768 $ 3,770,463 $ 6,364,024 $ 2,038,621 $ 371,685 $ 17,930,901 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Six-Month Period Ended June 30, 2024 Interest income $ 62,889 $ 189,934 $ 145,026 $ 56,970 $ 71,178 $ 14,753 $ 540,750 Net (charge) credit for transfer of funds (32,734) 195,723 (115,171) (43,292) (4,526) - - Interest expense - (85,441) - (25,061) (29,520) (4,580) (144,602) Net interest income (loss) 30,155 300,216 29,855 (11,383) 37,132 10,173 396,148 Provision for credit losses - (benefit) expense (10,054) 41,494 (4,086) (9) (3,442) (131) 23,772 Non-interest income 6,680 43,869 9,317 181 1,735 4,239 66,021 Direct non-interest expenses 13,005 87,333 18,694 2,055 18,202 13,613 152,902 $ 33,884 $ 215,258 $ 24,564 $ (13,248) $ 24,107 $ 930 $ 285,495 Average earnings assets $ 2,121,386 $ 3,480,169 $ 4,033,698 $ 5,871,444 $ 2,103,523 $ 416,135 $ 18,026,355 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Six-Month Period Ended June 30, 2023 Interest income $ 63,512 $ 170,163 $ 127,699 $ 56,994 $ 63,212 $ 13,020 $ 494,600 Net (charge) credit for transfer of funds (20,364) 163,879 (99,826) (42,278) (1,411) - - Interest expense - (53,701) - (18,163) (21,181) (855) (93,900) Net interest income (loss) 43,148 280,341 27,873 (3,447) 40,620 12,165 400,700 Provision for credit losses - (benefit) expense (4,335) 28,893 5,139 (25) 8,672 (612) 37,732 Non-interest income 6,136 42,255 12,320 1,840 2,002 4,236 68,789 Direct non-interest expenses 10,620 83,441 18,705 1,870 16,806 13,556 144,998 $ 42,999 $ 210,262 $ 16,349 $ (3,452) $ 17,144 $ 3,457 $ 286,759 Average earnings assets $ 2,157,626 $ 3,208,146 $ 3,742,205 $ 6,290,669 $ 2,053,154 $ 369,026 $ 17,820,826 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Net income: Total income for segments $ 143,620 $ 141,013 $ 285,495 $ 286,759 Other operating expenses 42,241 40,074 86,703 83,187 Income before income taxes 101,379 100,939 198,792 203,572 Income tax expense 25,541 30,284 49,496 62,219 $ 75,838 $ 70,655 $ 149,296 $ 141,353 Average assets: Total average earning assets for segments $ 18,029,725 $ 17,930,901 $ 18,026,355 $ 17,820,826 Average non-earning assets 854,706 857,677 845,010 852,680 $ 18,884,431 $ 18,788,578 $ 18,871,365 $ 18,673,506 (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 | 6 Months Ended |
Jun. 30, 2024 | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION [Abstract] | |
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION | NOTE 20 – SUPPLEMENTAL Supplemental statement of cash flows information is as follows for the Six-Month Period Ended June 30, 2024 2023 (In thousands) Cash paid for: $ 134,995 $ 84,530 49,236 82,215 8,693 8,630 Non-cash investing and financing activities: 4,599 10,738 29,590 29,720 1,107 1,238 58,911 65,092 118 2,962 - 1,714 - 4,502 5,112 2,263 760 - |
REGULATORY MATTERS, COMMITMENTS
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2024 | |
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES [Abstract] | |
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES | NOTE 21 – REGULATORY Regulatory Matters The agencies. Failure by regulators Under capital sheet items to qualitative judgments and and capital capitalized believe that any condition has changed or event has occurred that would have The Corporation and FirstBank rules (“Basel III rules”). The 2.5 % capital e.g. , payments on capital instruments) and (ii) discretionary bonus payments As part that transition retained earnings plus 25 % of the change in delayed 25 % transition $ 48.6 25 % of interim 16.2 2025. The regulatory 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 June 30, 2024 Total Capital (to Risk-Weighted $ 2,394,971 18.21 % $ 1,052,081 8.0 % N/A N/A $ 2,364,456 17.98 % $ 1,051,871 8.0 % $ 1,314,838 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,073,346 15.77 % $ 591,795 4.5 % N/A N/A $ 2,099,713 15.97 % $ 591,677 4.5 % $ 854,645 6.5 % Tier I Capital (to Risk-Weighted $ 2,073,346 15.77 % $ 789,061 6.0 % N/A N/A $ 2,199,713 16.73 % $ 788,903 6.0 % $ 1,051,871 8.0 % Leverage ratio $ 2,073,346 10.63 % $ 779,944 4.0 % N/A N/A $ 2,199,713 11.29 % $ 779,653 4.0 % $ 974,566 5.0 % As of December 31, 2023 Total Capital (to Risk-Weighted $ 2,403,319 18.57 % $ 1,035,589 8.0 % N/A N/A $ 2,376,003 18.36 % $ 1,035,406 8.0 % $ 1,294,257 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,084,432 16.10 % $ 528,519 4.5 % N/A N/A % $ 2,113,995 16.33 % $ 582,416 4.5 % $ 841,267 6.5 % Tier I Capital (to Risk-Weighted $ 2,084,432 16.10 % $ 776,692 6.0 % N/A N/A $ 2,213,995 17.11 % $ 776,554 6.0 % $ 1,035,406 8.0 % Leverage ratio $ 2,084,432 10.78 % $ 773,615 4.0 % N/A N/A $ 2,213,995 11.45 % $ 773,345 4.0 % $ 966,682 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 June 2.1 0.9 card 80.5 million. Contingencies As contingencies contingencies in connection information incur accrual where a loss is not probable or the amount of the loss cannot be estimated, no accrual Any estimate currently in yet outcomes of such or less than the current estimate. While currently contingencies, financial position as a whole. If management believes that, based on available information, excess possible loss or an estimate cannot be made. Based on the Corporation’s In 2023, Fund (“DIF”) quarterly the Corporation 0.2 1.1 respectively, FDIC special 7.4 affect the amount of its accrued liability. |
FIRST BANCORP. (Holding Company
FIRST BANCORP. (Holding Company Only) Financial Information | 6 Months Ended |
Jun. 30, 2024 | |
FIRST BANCORP. (Holding Company Only) Financial Information [Abstract] | |
FIRST BANCORP. (Holding Company Only) Financial Information | NOTE 22 – FIRST BANCORP. The following as of 2024 and 2023: Statements of Financial Condition As of June 30, As of December 31, 2024 2023 (In thousands) Assets Cash and due from banks $ 10,516 $ 11,452 Other investment securities 1,275 825 Investment in First Bank Puerto Rico, at equity 1,617,826 1,627,172 Investment in First Bank Insurance Agency, 22,378 18,376 Investment in FBP Statutory Trust I 1,289 1,289 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 1,405 713 Other assets 590 476 $ 1,658,840 $ 1,663,864 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 161,700 $ 161,700 Accounts payable and other liabilities 5,680 4,555 167,380 166,255 Stockholders’ equity 1,491,460 1,497,609 $ 1,658,840 $ 1,663,864 Statements of Income Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands) Income $ 87 $ 57 $ 150 $ 110 81,232 78,932 162,149 157,802 - 12,000 - 12,000 - 1,605 - 1,605 100 101 201 203 81,419 92,695 162,500 171,720 Expense 3,336 3,409 6,686 6,790 463 462 902 872 3,799 3,871 7,588 7,662 Income before income taxes and equity in undistributed 77,620 88,824 154,912 164,058 Income tax expense - - 1 1 Equity in undistributed earnings of subsidiaries (1,782) (18,169) (5,615) (22,704) Net income $ 75,838 $ 70,655 $ 149,296 $ 141,353 Other comprehensive income (loss), net of tax 10,560 (54,837) (4,505) 32,391 Comprehensive income $ 86,398 $ 15,818 $ 144,791 $ 173,744 |
BASIS OF PRESENTATION AND SIG_2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Principles of consolidation [Policy Text Block] | The consolidated financial stated consolidated financial report. accepted accounting principles in the United States of America to consolidated financial statements, which are included in the 2023 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 The Corporation was not impacted by the adoption ● ASU Structures Using the Proportional Amortization Method” ● ASU 2023-01, “Leases (Topic 842): ● ASU 2022-03, Sale Restrictions” Recently Issued Accounting Standards Not Yet The Corporation does not expect to be impacted by the following ASUs adopted: ● ASU 2024-02, “Codification Improvements – Amendments to ● ASU 2024-01, “Compensation – Stock Compensation (Topic 718): For Significant Accounting Policies”, to the audited consolidated financial |
DEBT SECURITIES (Tables)
DEBT SECURITIES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 June 30, 2024 2023 Private label MBS Puerto Rico Government Obligation Total Private label MBS Puerto Rico Government Obligation Total (In thousands) Beginning balance $ 116 $ 326 $ 442 $ 83 $ 366 $ 449 Provision for credit losses – expense (benefit) - 60 60 - (16) (16) Net recoveries 47 - 47 - - - $ 163 $ 386 $ 549 $ 83 $ 350 $ 433 Six-Month Period Ended June 30, 2024 2023 Private label MBS Puerto Rico Government Obligations Total Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 116 $ 395 $ 511 $ 83 $ 375 $ 458 Provision for credit losses - benefit - (9) (9) - (25) (25) Net recoveries 47 - 47 - - - $ 163 $ 386 $ 549 $ 83 $ 350 $ 433 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Puerto Rico Municipal Bonds Quarter Ended June 30, 2024 2023 (In thousands) Beginning balance $ 1,235 $ 7,646 Provision for credit losses – expense 32 755 ACL on held-to-maturity debt securities $ 1,267 $ 8,401 Puerto Rico Municipal Bonds Six-Month Period Ended June 30, 2024 2023 (In thousands) Beginning Balance $ 2,197 $ 8,286 Provision for credit losses - (benefit) expense (930) 115 ACL on held-to-maturity debt securities $ 1,267 $ 8,401 |
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] | June 30, 2024 Amortized cost (1) Gross Unrealized ACL Fair Value (2) Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 100,370 $ - $ 2,156 $ - $ 98,214 0.70 19,901 - 1,042 - 18,859 0.65 U.S. government-sponsored entities' (“GSEs”) obligations: 782,777 - 16,859 - 765,918 0.91 1,564,870 51 111,755 - 1,453,166 0.82 8,850 - 750 - 8,100 2.64 8,228 15 - - 8,243 5.69 Puerto Rico government obligation: (3) 3,084 - 1,166 386 1,532 - United States and Puerto Rico government obligations 2,488,080 66 133,728 386 2,354,032 0.86 Mortgage-backed securities (“MBS”): 4 - - - 4 4.31 16,204 - 754 - 15,450 2.06 138,723 - 12,739 - 125,984 1.55 948,539 6 172,740 - 775,805 1.41 1,103,470 6 186,233 - 917,243 1.44 841 - 8 - 833 3.29 11,837 - 648 - 11,189 0.93 31,168 2 2,783 - 28,387 1.77 191,483 101 25,966 - 165,618 2.65 235,329 103 29,405 - 206,027 2.45 26,921 - 1,236 - 25,685 2.11 272,851 - 23,789 - 249,062 1.74 988,450 2 165,091 - 823,361 1.36 1,288,222 2 190,116 - 1,098,108 1.45 259,830 - 54,810 - 205,020 1.52 1,322 - 317 5 1,000 8.93 5,359 - 1,634 158 3,567 7.34 6,681 - 1,951 163 4,567 7.65 Total Residential MBS 2,893,532 111 462,515 163 2,430,965 1.55 44,240 9 7,121 - 37,128 2.18 22,121 - 2,795 - 19,326 2.16 146,191 - 31,331 - 114,860 1.98 Total Commercial MBS 212,552 9 41,247 - 171,314 2.04 Total MBS 3,106,084 120 503,762 163 2,602,279 1.58 Other: 500 - - - 500 2.35 500 - - - 500 2.35 1,000 - - - 1,000 2.35 Total available-for-sale debt securities $ 5,595,164 $ 186 $ 637,490 $ 549 $ 4,957,311 1.26 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.0 statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 465.5 538.5 2.7 3.1 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 (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. December 31, 2023 Amortized cost (1) Gross Unrealized ACL Fair value (2) Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: $ 80,314 $ - $ 2,144 $ - $ 78,170 0.66 60,239 - 3,016 - 57,223 0.75 U.S. GSEs’ obligations: 542,847 - 15,832 - 527,015 0.77 1,899,620 49 135,347 - 1,764,322 0.86 8,850 - 687 - 8,163 2.64 8,891 8 2 - 8,897 5.49 Puerto Rico government obligation: (3) 3,156 - 1,346 395 1,415 - United States and Puerto Rico government obligations 2,603,917 57 158,374 395 2,445,205 0.85 MBS: 19,561 - 868 - 18,693 2.06 153,308 - 12,721 - 140,587 1.55 991,060 15 161,197 - 829,878 1.41 1,163,929 15 174,786 - 989,158 1.44 254 - 3 - 251 3.27 16,882 - 872 - 16,010 1.19 27,916 8 2,247 - 25,677 1.62 206,254 87 22,786 - 183,555 2.57 251,306 95 25,908 - 225,493 2.38 32,489 - 1,423 - 31,066 2.11 293,492 - 23,146 - 270,346 1.70 1,047,298 83 156,344 - 891,037 1.37 1,373,279 83 180,913 - 1,192,449 1.46 CMOs issued or guaranteed by the FHLMC, FNMA, 273,539 - 52,263 - 221,276 1.54 7,086 - 2,185 116 4,785 7.66 Total Residential MBS 3,069,139 193 436,055 116 2,633,161 1.55 45,022 - 6,898 - 38,124 2.17 22,386 - 2,685 - 19,701 2.16 122,830 - 29,037 - 93,793 1.36 Total Commercial MBS 190,238 - 38,620 - 151,618 1.64 Total MBS 3,259,377 193 474,675 116 2,784,779 1.55 Total available-for-sale debt securities $ 5,863,294 $ 250 $ 633,049 $ 511 $ 5,229,984 1.24 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.6 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 477.9 527.2 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 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] | As of June 30, 2024 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 875 $ - $ 2,338,381 $ 132,562 $ 2,339,256 $ 132,562 - - 1,532 1,166 (1) 1,532 1,166 1,191 15 915,156 186,218 916,347 186,233 11,188 123 188,231 29,282 199,419 29,405 8,135 99 1,088,394 190,017 1,096,529 190,116 - - 202,963 54,810 202,963 54,810 - - 4,567 1,951 (1) 4,567 1,951 28,715 428 136,652 40,819 165,367 41,247 $ 50,104 $ 665 $ 4,875,876 $ 636,825 $ 4,925,980 $ 637,490 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.2 As of December 31, 2023 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) $ 2,544 $ 2 $ 2,428,784 $ 157,026 $ 2,431,328 $ 157,028 - - 1,415 1,346 (1) 1,415 1,346 9 - 988,092 174,786 988,101 174,786 12,257 100 202,390 25,808 214,647 25,908 - - 1,183,275 180,913 1,183,275 180,913 - - 221,276 52,263 221,276 52,263 - - 4,785 2,185 (1) 4,785 2,185 11,370 18 140,248 38,602 151,618 38,620 $ 26,180 $ 120 $ 5,170,265 $ 632,929 $ 5,196,445 $ 633,049 (1) Unrealized losses do not include the credit loss component recorded 0.4 and $ 0.1 |
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] | June 30, 2024 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 $ 3,178 $ - $ 18 $ 3,160 $ 37 9.30 After 1 to 5 years 51,424 972 620 51,776 468 7.72 After 5 to 10 years 36,253 3,393 201 39,445 451 7.03 After 10 years 16,595 350 - 16,945 311 8.78 Total Puerto Rico municipal bonds 107,450 4,715 839 111,326 1,267 7.70 MBS: FHLMC certificates: After 5 to 10 years 14,243 - 578 13,665 - 3.03 After 10 years 17,879 - 1,146 16,733 - 4.35 32,122 - 1,724 30,398 - 3.76 GNMA certificates: After 10 years 15,047 - 951 14,096 - 3.30 FNMA certificates: After 10 years 64,591 - 3,927 60,664 - 4.19 CMOs issued or guaranteed by After 10 years 26,855 - 1,640 25,215 - 3.49 Total Residential MBS 138,615 - 8,242 130,373 - 3.86 After 1 to 5 years 9,352 - 301 9,051 - 3.48 After 10 years 89,018 - 6,078 82,940 - 3.15 Total Commercial MBS 98,370 - 6,379 91,991 - 3.18 Total MBS 236,985 - 14,621 222,364 - 3.58 Total held-to-maturity debt securities $ 344,435 $ 4,715 $ 15,460 $ 333,690 $ 1,267 4.86 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 4.8 statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 189.7 184.4 December 31, 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 $ 3,165 $ 8 $ 38 $ 3,135 $ 50 9.30 After 1 to 5 years 51,230 994 710 51,514 1,266 7.78 After 5 to 10 years 36,050 3,540 210 39,380 604 7.13 After 10 years 16,595 269 - 16,864 277 8.87 Total Puerto Rico municipal bonds 107,040 4,811 958 110,893 2,197 7.78 MBS: FHLMC certificates: After 5 to 10 years 16,469 - 556 15,913 - 3.03 After 10 years 18,324 - 714 17,610 - 4.32 34,793 - 1,270 33,523 - 3.71 GNMA certificates: After 10 years 16,265 - 789 15,476 - 3.32 FNMA certificates: After 10 years 67,271 - 2,486 64,785 - 4.18 CMOs issued or guaranteed by After 10 years 28,139 - 1,274 26,865 - 3.49 Total Residential MBS 146,468 - 5,819 140,649 - 3.84 After 1 to 5 years 9,444 - 297 9,147 - 3.48 After 10 years 91,226 - 5,783 85,443 - 3.15 Total Commercial MBS 100,670 - 6,080 94,590 - 3.18 Total MBS 247,138 - 11,899 235,239 - 3.57 Total held-to-maturity debt securities $ 354,178 $ 4,811 $ 12,857 $ 346,132 $ 2,197 4.84 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 4.8 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Includes $ 126.6 125.9 |
Schedule of Unrealized Loss on Investments [Table Text Block] | As of June 30, 2024 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 26,147 $ 839 $ 26,147 $ 839 - - 30,398 1,724 30,398 1,724 - - 14,096 951 14,096 951 - - 60,664 3,927 60,664 3,927 - - 25,215 1,640 25,215 1,640 - - 91,991 6,379 91,991 6,379 Total held-to-maturity debt securities $ - $ - $ 248,511 $ 15,460 $ 248,511 $ 15,460 As of December 31, 2023 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) $ - $ - $ 34,682 $ 958 $ 34,682 $ 958 - - 33,523 1,270 33,523 1,270 - - 15,476 789 15,476 789 - - 64,785 2,486 64,785 2,486 - - 26,865 1,274 26,865 1,274 - - 94,590 6,080 94,590 6,080 Total held-to-maturity debt securities $ - $ - $ 269,921 $ 12,857 $ 269,921 $ 12,857 |
LOANS HELD FOR INVESTMENT (Tabl
LOANS HELD FOR INVESTMENT (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | The geographic locations As of June 30, As of December 31, 2024 2023 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,324,302 $ 2,356,006 Construction loans 163,774 115,401 Commercial mortgage loans 1,760,760 1,790,637 Commercial and Industrial (“C&I”) loans 2,311,945 2,249,408 Consumer loans 3,703,929 3,651,770 Loans held for investment $ 10,264,710 $ 10,163,222 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 485,364 $ 465,720 Construction loans 22,183 99,376 Commercial mortgage loans 662,549 526,446 C&I loans 942,632 924,824 Consumer loans 8,070 5,895 Loans held for investment $ 2,120,798 $ 2,022,261 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,809,666 $ 2,821,726 Construction loans 185,957 214,777 Commercial mortgage loans 2,423,309 2,317,083 C&I loans (1) 3,254,577 3,174,232 Consumer loans 3,711,999 3,657,665 Loans held for investment (2) 12,385,508 12,185,483 ACL on loans and finance leases (254,532) (261,843) Loans held for investment, net $ 12,130,976 $ 11,923,640 (1) As of June 30, 2024 and December 31, 2023, includes $ 785.5 787.5 which the primary source of repayment at origination was (2) Includes accretable fair value net purchase discounts of $ 22.9 24.7 |
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] | The Corporation’s portfolio classes as of June 30, 2024 and December 31, 2023 are as follows: As of June 30,2024 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) $ 70,479 $ - $ 2,753 $ 22,911 $ - $ 96,143 $ - (2) (6) 2,644,019 - 29,506 8,602 31,396 2,713,523 1,453 Commercial loans: 181,215 - - - 4,742 185,957 971 (2) (6) 2,409,272 1,047 65 1,189 11,736 2,423,309 6,795 3,217,351 1,157 1,112 7,296 27,661 3,254,577 1,580 Consumer loans: 1,895,003 60,591 11,760 - 14,669 1,982,023 368 861,235 14,271 2,229 - 2,577 880,312 137 367,140 6,183 2,643 - 1,999 377,965 - 304,688 5,275 3,181 7,175 - 320,319 - 144,352 3,840 1,795 - 1,393 151,380 - $ 12,094,754 $ 92,364 $ 55,044 $ 47,173 $ 96,173 $ 12,385,508 $ 11,304 (1) It is the Corporation’s policy to report delinquent Federal Housing Authority (“FHA”)/U.S. Department of Veterans accruing as opposed to nonaccrual loans. The Corporation continues accruing interest on these loans until they have passed the 15-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 11.0 (2) Includes purchased credit deteriorated (“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 the current expected credit loss (“CECL”) methodology 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 $ 7.4 6.5 0.9 accruing category in the table above. (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 6.8 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.1 (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) 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 June 30, 2024 amounted to $ 7.8 67.7 1.2 respectively. As of December 31, 2023 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) Total loans held for investment Nonaccrual Loans with no ACL (5) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (6) $ 68,332 $ - $ 2,592 $ 29,312 $ - $ 100,236 $ - (2) (6) 2,644,344 - 33,878 11,029 32,239 2,721,490 1,742 Commercial loans: 210,911 - - 2,297 1,569 214,777 972 (2) (6) 2,303,753 17 - 1,108 12,205 2,317,083 2,536 3,148,254 1,130 1,143 8,455 15,250 3,174,232 1,687 Consumer loans: 1,846,652 60,283 13,753 - 15,568 1,936,256 4 837,881 13,786 1,861 - 3,287 856,815 12 370,746 5,873 2,815 - 1,841 381,275 - 313,360 5,012 3,589 7,251 - 329,212 - 147,278 3,084 1,997 - 1,748 154,107 - $ 11,891,511 $ 89,185 $ 61,628 $ 59,452 $ 83,707 $ 12,185,483 $ 6,953 (1) It is the Corporation’s policy to report delinquent FHA/VA accruing interest on these loans until they have passed the 15-month delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 15.4 guaranteed by the FHA that were over 15 months delinquent as of December 31, 2023. (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 $ 8.3 7.4 residential mortgage loans, and $ 0.9 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.9 repurchase loans that meet GNMA’s (4) Nonaccrual loans in the Florida region amounted to $ 8.0 (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) 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, 2023 amounted to $ 8.2 69.9 1.1 respectively. |
Corporation's Credit Quality Indicators by Loan [Table Text Block] | Based on origination June 30, classes based on the internal credit-risk category as of December 31, As of June 30,2024 Puerto Rico and Virgin Islands Regions Term Loans As of December 31, 2023 Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 12,154 $ 88,978 $ 41,129 $ 9,748 $ - $ 3,655 $ - $ 155,664 $ 113,170 - - - - - - - - - - 2,881 3,300 - - 1,929 - 8,110 2,231 - - - - - - - - - - - - - - - - - - $ 12,154 $ 91,859 $ 44,429 $ 9,748 $ - $ 5,584 $ - $ 163,774 $ 115,401 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 99,566 $ 172,589 $ 375,881 $ 140,689 $ 313,516 $ 473,812 $ 5,640 $ 1,581,693 $ 1,618,404 - 3,758 4,284 - 30,168 110,922 - 149,132 146,626 - - 118 - - 29,817 - 29,935 25,607 - - - - - - - - - - - - - - - - - - $ 99,566 $ 176,347 $ 380,283 $ 140,689 $ 343,684 $ 614,551 $ 5,640 $ 1,760,760 $ 1,790,637 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 87,957 $ 417,655 $ 288,105 $ 141,237 $ 150,596 $ 336,955 $ 804,023 $ 2,226,528 $ 2,173,939 - 2,466 - 538 - 643 33,981 37,628 40,376 196 1 - 13,984 562 28,662 4,384 47,789 35,093 - - - - - - - - - - - - - - - - - - $ 88,153 $ 420,122 $ 288,105 $ 155,759 $ 151,158 $ 366,260 $ 842,388 $ 2,311,945 $ 2,249,408 $ - $ - $ 304 $ - $ - $ - $ 180 $ 484 (1) Excludes accrued interest receivable. As of June 30,2024 Term Loans As of December 31, 2023 Florida Region Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 813 $ 2,978 $ - $ 766 $ - $ - $ 17,626 $ 22,183 $ 99,376 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 47,220 $ 28,888 $ 227,461 $ 105,696 $ 39,272 $ 178,650 $ 22,070 $ 649,257 $ 525,453 - - 12,299 - - - - 12,299 - - - - - 993 - - 993 993 - - - - - - - - - - - - - - - - - - $ 47,220 $ 28,888 $ 239,760 $ 105,696 $ 40,265 $ 178,650 $ 22,070 $ 662,549 $ 526,446 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 79,980 $ 153,687 $ 931,158 $ 879,195 - - - - - 11,474 - 11,474 42,046 - - - - - - - - 3,583 - - - - - - - - - - - - - - - - - - $ 124,032 $ 147,761 $ 226,861 $ 159,672 $ 39,165 $ 91,454 $ 153,687 $ 942,632 $ 924,824 $ - $ - $ - $ - $ - $ 48 $ 259 $ 307 (1) Excludes accrued interest receivable. As of June 30,2024 Term Loans As of December 31, 2023 Total Amortized Cost Basis by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 12,967 $ 91,956 $ 41,129 $ 10,514 $ - $ 3,655 $ 17,626 $ 177,847 $ 212,546 - - - - - - - - - - 2,881 3,300 - - 1,929 - 8,110 2,231 - - - - - - - - - - - - - - - - - - $ 12,967 $ 94,837 $ 44,429 $ 10,514 $ - $ 5,584 $ 17,626 $ 185,957 $ 214,777 $ - $ - $ - $ - $ - $ - $ - $ - COMMERCIAL MORTGAGE $ 146,786 $ 201,477 $ 603,342 $ 246,385 $ 352,788 $ 652,462 $ 27,710 $ 2,230,950 $ 2,143,857 - 3,758 16,583 - 30,168 110,922 - 161,431 146,626 - - 118 - 993 29,817 - 30,928 26,600 - - - - - - - - - - - - - - - - - - $ 146,786 $ 205,235 $ 620,043 $ 246,385 $ 383,949 $ 793,201 $ 27,710 $ 2,423,309 $ 2,317,083 $ - $ - $ - $ - $ - $ - $ - $ - C&I $ 211,989 $ 565,416 $ 514,966 $ 300,909 $ 189,761 $ 416,935 $ 957,710 $ 3,157,686 $ 3,053,134 - 2,466 - 538 - 12,117 33,981 49,102 82,422 196 1 - 13,984 562 28,662 4,384 47,789 38,676 - - - - - - - - - - - - - - - - - - $ 212,185 $ 567,883 $ 514,966 $ 315,431 $ 190,323 $ 457,714 $ 996,075 $ 3,254,577 $ 3,174,232 $ - $ - $ 304 $ - $ - $ 48 $ 439 $ 791 (1) Excludes accrued interest receivable. The following accrual amortized cost of residential mortgage loans by portfolio classes based on accrual As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 472 $ 892 $ 1,165 $ 515 $ 92,407 $ - $ 95,451 $ 99,293 Conventional residential mortgage loans Accrual Status: Performing $ 79,507 $ 169,119 $ 158,182 $ 65,952 $ 28,397 $ 1,704,353 $ - $ 2,205,510 $ 2,231,701 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total conventional residential mortgage loans $ 79,507 $ 169,119 $ 158,250 $ 65,952 $ 28,397 $ 1,727,626 $ - $ 2,228,851 $ 2,256,713 Total Accrual Status: Performing $ 79,507 $ 169,591 $ 159,074 $ 67,117 $ 28,912 $ 1,796,760 $ - $ 2,300,961 $ 2,330,994 Non-Performing - - 68 - - 23,273 - 23,341 25,012 Total residential mortgage loans $ 79,507 $ 169,591 $ 159,142 $ 67,117 $ 28,912 $ 1,820,033 $ - $ 2,324,302 $ 2,356,006 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (1) Excludes accrued interest receivable. As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 692 $ - $ 692 $ 943 Conventional residential mortgage loans Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 195,705 $ - $ 476,617 $ 457,550 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total conventional residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 203,512 $ - $ 484,672 $ 464,777 Total Accrual Status: Performing $ 45,841 $ 88,172 $ 75,703 $ 43,001 $ 28,195 $ 196,397 $ - $ 477,309 $ 458,493 Non-Performing - - 248 - - 7,807 - 8,055 7,227 Total residential mortgage loans $ 45,841 $ 88,172 $ 75,951 $ 43,001 $ 28,195 $ 204,204 $ - $ 485,364 $ 465,720 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ - $ - $ - $ - (1) Excludes accrued interest receivable. As of June 30,2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Non-Performing - - - - - - - - - Total FHA/VA $ - $ 472 $ 892 $ 1,165 $ 515 $ 93,099 $ - $ 96,143 $ 100,236 Conventional residential mortgage loans Accrual Status: Performing $ 125,348 $ 257,291 $ 233,885 $ 108,953 $ 56,592 $ 1,900,058 $ - $ 2,682,127 $ 2,689,251 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total conventional residential mortgage loans $ 125,348 $ 257,291 $ 234,201 $ 108,953 $ 56,592 $ 1,931,138 $ - $ 2,713,523 $ 2,721,490 Total Accrual Status: Performing $ 125,348 $ 257,763 $ 234,777 $ 110,118 $ 57,107 $ 1,993,157 $ - $ 2,778,270 $ 2,789,487 Non-Performing - - 316 - - 31,080 - 31,396 32,239 Total residential mortgage loans $ 125,348 $ 257,763 $ 235,093 $ 110,118 $ 57,107 $ 2,024,237 $ - $ 2,809,666 $ 2,821,726 Charge-offs on residential mortgage loans $ - $ - $ - $ - $ 9 $ 998 $ - $ 1,007 (1) Excludes accrued interest receivable. The status as of year, and the amortized cost of consumer loans As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans Accrual Status: Performing $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,207 $ - $ 1,966,859 $ 1,919,583 Non-Performing 272 3,506 3,353 2,835 1,280 3,419 - 14,665 15,556 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 139,626 $ - $ 1,981,524 $ 1,935,139 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 1,964 $ - $ 16,027 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 73,338 $ 143,064 $ 94,185 $ 23,833 $ 11,961 $ 27,005 $ - $ 373,386 $ 379,161 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 73,379 $ 143,745 $ 94,983 $ 24,052 $ 12,002 $ 27,224 $ - $ 375,385 $ 381,002 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,101 $ 55,374 $ 23,186 $ 7,070 $ 4,479 $ 5,821 $ 9,997 $ 145,028 $ 147,913 Non-Performing 51 558 312 93 37 170 140 1,361 1,689 Total other consumer loans $ 39,152 $ 55,932 $ 23,498 $ 7,163 $ 4,516 $ 5,991 $ 10,137 $ 146,389 $ 149,602 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 567,206 $ 1,057,195 $ 804,193 $ 489,968 $ 216,841 $ 217,608 $ 330,316 $ 3,683,327 $ 3,629,397 Non-Performing 364 5,245 5,176 3,588 1,526 4,563 140 20,602 22,373 Total consumer loans $ 567,570 $ 1,062,440 $ 809,369 $ 493,556 $ 218,367 $ 222,171 $ 330,456 $ 3,703,929 $ 3,651,770 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 3,972 $ 12,751 $ 53,889 (1) Excludes accrued interest receivable. As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 495 $ - $ 495 $ 1,105 Non-Performing - - - - - 4 - 4 12 Total auto loans $ - $ - $ - $ - $ - $ 499 $ - $ 499 $ 1,117 Charge-offs on auto loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 Finance leases Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs on finance leases $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Accrual Status: Performing $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 273 Non-Performing - - - - - - - - - Total personal loans $ 2,460 $ 49 $ - $ 71 $ - $ - $ - $ 2,580 $ 273 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 $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,067 $ 1,706 $ 4,959 $ 4,446 Non-Performing - - - - - 17 15 32 59 Total other consumer loans $ 547 $ 53 $ 46 $ 219 $ 321 $ 2,084 $ 1,721 $ 4,991 $ 4,505 Charge-offs on other consumer loans $ - $ - $ - $ - $ - $ - $ - $ - Total Accrual Status: Performing $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,562 $ 1,706 $ 8,034 $ 5,824 Non-Performing - - - - - 21 15 36 71 Total consumer loans $ 3,007 $ 102 $ 46 $ 290 $ 321 $ 2,583 $ 1,721 $ 8,070 $ 5,895 Charge-offs on total consumer loans $ - $ - $ - $ - $ - $ 66 $ - $ 66 (1) Excludes accrued interest receivable. As of June 30, 2024 As of December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (1) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans Accrual Status: Performing $ 324,653 $ 568,467 $ 465,596 $ 326,080 $ 145,856 $ 136,702 $ - $ 1,967,354 $ 1,920,688 Non-Performing 272 3,506 3,353 2,835 1,280 3,423 - 14,669 15,568 Total auto loans $ 324,925 $ 571,973 $ 468,949 $ 328,915 $ 147,136 $ 140,125 $ - $ 1,982,023 $ 1,936,256 Charge-offs on auto loans $ 105 $ 4,897 $ 5,248 $ 2,891 $ 922 $ 2,030 $ - $ 16,093 Finance leases Accrual Status: Performing $ 130,114 $ 290,290 $ 221,226 $ 132,985 $ 54,545 $ 48,575 $ - $ 877,735 $ 853,528 Non-Performing - 500 713 441 168 755 - 2,577 3,287 Total finance leases $ 130,114 $ 290,790 $ 221,939 $ 133,426 $ 54,713 $ 49,330 $ - $ 880,312 $ 856,815 Charge-offs on finance leases $ 1 $ 1,053 $ 1,841 $ 742 $ 217 $ 672 $ - $ 4,526 Personal loans Accrual Status: Performing $ 75,798 $ 143,113 $ 94,185 $ 23,904 $ 11,961 $ 27,005 $ - $ 375,966 $ 379,434 Non-Performing 41 681 798 219 41 219 - 1,999 1,841 Total personal loans $ 75,839 $ 143,794 $ 94,983 $ 24,123 $ 12,002 $ 27,224 $ - $ 377,965 $ 381,275 Charge-offs on personal loans $ 31 $ 3,668 $ 5,253 $ 1,099 $ 388 $ 1,078 $ - $ 11,517 Credit cards Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 320,319 $ 320,319 $ 329,212 Charge-offs on credit cards $ - $ - $ - $ - $ - $ - $ 12,426 $ 12,426 Other consumer loans Accrual Status: Performing $ 39,648 $ 55,427 $ 23,232 $ 7,289 $ 4,800 $ 7,888 $ 11,703 $ 149,987 $ 152,359 Non-Performing 51 558 312 93 37 187 155 1,393 1,748 Total other consumer loans $ 39,699 $ 55,985 $ 23,544 $ 7,382 $ 4,837 $ 8,075 $ 11,858 $ 151,380 $ 154,107 Charge-offs on other consumer loans $ 98 $ 5,039 $ 2,820 $ 683 $ 170 $ 258 $ 325 $ 9,393 Total Accrual Status: Performing $ 570,213 $ 1,057,297 $ 804,239 $ 490,258 $ 217,162 $ 220,170 $ 332,022 $ 3,691,361 $ 3,635,221 Non-Performing 364 5,245 5,176 3,588 1,526 4,584 155 20,638 22,444 Total consumer loans $ 570,577 $ 1,062,542 $ 809,415 $ 493,846 $ 218,688 $ 224,754 $ 332,177 $ 3,711,999 $ 3,657,665 Charge-offs on total consumer loans $ 235 $ 14,657 $ 15,162 $ 5,415 $ 1,697 $ 4,038 $ 12,751 $ 53,955 (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 June 30, 2024 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 $ 24,449 $ 1,103 $ - $ 24,449 $ 1,103 Commercial loans: Construction loans 3,300 259 956 4,256 259 Commercial mortgage loans - - 43,708 43,708 - C&I loans 22,549 2,642 6,618 29,167 2,642 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 10 - 123 10 $ 50,449 $ 4,015 $ 51,282 $ 101,731 $ 4,015 As of December 31, 2023 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 25,355 $ 1,732 $ - $ 25,355 $ 1,732 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 4,454 135 40,683 45,137 135 C&I loans 9,390 1,563 6,780 16,170 1,563 Consumer loans: Personal loans 28 1 - 28 1 Other consumer loans 123 12 - 123 12 $ 39,350 $ 3,443 $ 48,419 $ 87,769 $ 3,443 |
TDR [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | Quarter Ended June 30, 2024 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 $ - $ - $ 407 $ - $ 25 $ 3 $ - $ 435 0.02% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - - - - - - - Consumer loans: Auto loans - - - - 134 81 933 (1) 1,148 0.06% Personal loans - - - - - 89 - 89 0.02% Credit cards - - - 890 (2) - - - 890 0.28% Other consumer loans - - - - 165 132 20 (1) 317 0.21% $ - $ - $ 407 $ 890 $ 116,305 $ 305 $ 953 $ 118,860 Quarter Ended June 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 $ - $ - $ 210 $ - $ 73 $ - $ - $ 283 0.01% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 82 69 678 (1) 829 0.04% Personal loans - - - - 41 71 - 112 0.03% Credit cards - - - 486 (2) - - - 486 0.15% Other consumer loans - - - - 146 40 10 (1) 196 0.13% $ - $ - $ 210 $ 486 $ 529 $ 30,350 $ 688 $ 32,263 Six-Month Period Ended June 30, 2024 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 $ - $ - $ 869 $ - $ 25 $ 80 $ - $ 974 0.03% Construction loans - - - - - - - - - Commercial mortgage loans - - - - 115,981 - - 115,981 4.79% C&I loans - - - 12 - - - 12 0.00% Consumer loans: Auto loans - - - - 300 171 1,926 (1) 2,397 0.12% Personal loans - - - - 13 102 - 115 0.03% Credit cards - - - 1,406 (2) - - - 1,406 0.44% Other consumer loans - - - - 303 139 38 (1) 480 0.32% $ - $ - $ 869 $ 1,418 $ 116,622 $ 492 $ 1,964 $ 121,365 Six-Month Period Ended June 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 $ - $ - $ 542 $ - $ 503 $ 94 $ - $ 1,139 0.04% Construction loans - - - - - - - - - Commercial mortgage loans - - - - - 30,170 - 30,170 1.30% C&I loans - - - - 187 - - 187 0.01% Consumer loans: Auto loans - - - - 167 103 1,155 (1) 1,425 0.08% Personal loans - - - - 68 83 - 151 0.04% Credit cards - - - 732 (2) - - - 732 0.23% Other consumer loans - - - - 273 99 32 (1) 404 0.27% $ - $ - $ 542 $ 732 $ 1,198 $ 30,549 $ 1,187 $ 34,208 (1) Modification consists of court mandated reduction to 0% interest rate for remaining loan term to borrowers in bankruptcy proceedings unless dismissal occurs. (2) Modification consists of reduction in interest rate and revocation of revolving line privileges. The financial difficulty, 2023. The financial the tables below: Quarter Ended June 30, 2024 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 - % 236 0.50 % 256 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans - % - - % - Consumer loans: Auto loans - % 21 3.29 % 28 Personal loans - % - 2.99 % 19 Credit cards 17.55 % - - % - Other consumer loans - % 26 3.34 % 17 Quarter Ended June 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 - % 239 - % - Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 27 3.96 % 30 Personal loans - % 37 5.41 % 26 Credit cards 16.26 % - - % - Other consumer loans - % 28 1.87 % 22 Six-Month Period Ended June 30, 2024 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 - % 236 3.50 % 36 Construction loans - % - - % - Commercial mortgage loans - % 96 - % - C&I loans 13.00 % - - % - Consumer loans: Auto loans - % 26 2.57 % 28 Personal loans - % 25 3.44 % 17 Credit cards 17.11 % - - % - Other consumer loans - % 24 3.31 % 17 Six-Month Period Ended June 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 - % 118 2.40 % 157 Construction loans - % - - % - Commercial mortgage loans - % - 0.25 % 64 C&I loans - % 72 - % - Consumer loans: Auto loans - % 25 3.64 % 30 Personal loans - % 34 5.11 % 24 Credit cards 16.15 % - - % - Other consumer loans - % 27 1.92 % 24 The following tables present by portfolio classes the performance of loans modified 2024 and during the six-month period ended June 30, 2023 that were granted Last Twelve Months Ended June 30, 2024 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,424 $ 1,424 Construction loans - - - - - - Commercial mortgage loans - - - - 118,190 118,190 C&I loans - - - - 186 186 Consumer loans: Auto loans 50 28 145 223 3,323 3,546 Personal loans 19 9 - 28 256 284 Credit cards 163 77 19 259 1,749 2,008 Other consumer loans 66 35 2 103 567 670 $ 298 $ 149 $ 166 $ 613 $ 125,695 $ 126,308 Six-Month Period Ended June 30, 2023 30-59 60-89 90+ Total Delinquency Current Total (In thousands) Conventional residential mortgage loans $ - $ - $ - $ - $ 1,139 $ 1,139 Construction loans - - - - - - Commercial mortgage loans - - - - 30,170 30,170 C&I loans - - - - 187 187 Consumer loans: Auto loans 10 - - 10 1,415 1,425 Personal loans - - - - 151 151 Credit cards 40 40 - 80 652 732 Other consumer loans 22 - - 22 382 404 $ 72 $ 40 $ - $ 112 $ 34,096 $ 34,208 |
ALLOWANCE FOR CREDIT LOSSES F_2
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Quarter Ended June 30, 2024 (In thousands) ACL: Beginning balance $ 56,689 $ 6,186 $ 32,661 $ 34,490 $ 133,566 $ 263,592 Provision for credit losses - (benefit) expense (10,593) (554) (2,976) (668) 26,721 11,930 Charge-offs (491) - - (332) (25,591) (26,414) Recoveries 446 14 393 958 3,613 5,424 Ending balance $ 46,051 $ 5,646 $ 30,078 $ 34,448 $ 138,309 $ 254,532 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Consumer Loans Total Quarter Ended June 30, 2023 (In thousands) ACL: Beginning balance $ 64,403 $ 3,231 $ 36,460 $ 31,235 $ 130,238 $ 265,567 Provision for credit losses - (benefit) expense (3,500) 1,202 5,999 2,997 14,072 20,770 Charge-offs (1,146) (38) (88) (6,350) (16,462) (24,084) Recoveries 757 409 56 132 3,451 4,805 Ending balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Six-Month Period Ended June 30, 2024 (In thousands) ACL: Beginning balance $ 57,397 $ 5,605 $ 32,631 $ 33,190 $ 133,020 $ 261,843 Provision for credit losses - (benefit) expense (11,057) 17 (2,986) (4,028) 42,901 24,847 Charge-offs (1,007) - - (791) (53,955) (55,753) Recoveries 718 24 433 6,077 16,343 (1) 23,595 Ending balance $ 46,051 $ 5,646 $ 30,078 $ 34,448 $ 138,309 $ 254,532 (1) Includes recoveries totaling $ 9.5 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Six-Month Period Ended June 30, 2023 (In thousands) ACL: Beginning balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Impact of adoption of ASU 2022-02 (1) 2,056 - - 7 53 2,116 Provision for credit losses - (benefit) expense (3,427) 2,062 7,245 1,347 29,799 37,026 Charge-offs (2,129) (38) (106) (6,468) (33,260) (42,001) Recoveries 1,254 472 224 222 7,281 9,453 Ending balance $ 60,514 $ 4,804 $ 42,427 $ 28,014 $ 131,299 $ 267,058 (1) Recognized as a result of the adoption of ASU 2022-02, for which the Corporation elected to discontinue the use of a discounted cash flow methodology for restructured accruing loans, which had a corresponding The tables below June 30, 2024 and December 31, 2023: As of June 30, 2024 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,809,666 $ 185,957 $ 2,423,309 $ 3,254,577 $ 3,711,999 $ 12,385,508 46,051 5,646 30,078 34,448 138,309 254,532 1.64 % 3.04 % 1.24 % 1.06 % 3.73 % 2.06 % As of December 31, 2023 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,821,726 $ 214,777 $ 2,317,083 $ 3,174,232 $ 3,657,665 $ 12,185,483 57,397 5,605 32,631 33,190 133,020 261,843 2.03 % 2.61 % 1.41 % 1.05 % 3.64 % 2.15 % The following and six-month periods ended June 30, 2024 and 2023: Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands) Beginning Balance $ 4,919 $ 4,168 $ 4,638 $ 4,273 Provision for credit losses - (benefit) expense (417) 721 (136) 616 Ending balance $ 4,502 $ 4,889 $ 4,502 $ 4,889 |
OTHER REAL ESTATE OWNED (OREO)
OTHER REAL ESTATE OWNED (OREO) (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
OTHER REAL ESTATE OWNED (OREO) [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: June 30, 2024 December 31, 2023 (In thousands) OREO balances, carrying value: Residential (1) $ 15,468 $ 20,261 Construction 1,658 1,601 Commercial 4,556 10,807 Total $ 21,682 $ 32,669 (1) Excludes $ 11.3 16.6 Residential Real condition. (2) Decrease was mainly associated with the sale of a $ 5.3 2.3 |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block] | As of As of June 30, 2024 December 31, 2023 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (77,844) (74,161) Net carrying amount $ 9,700 $ 13,383 Remaining amortization period (in years) 5.5 6.0 |
Amortization Expense [Table Text Block] | (In thousands) 2024 $ 2,733 2025 3,509 2026 872 2027 872 2028 872 2029 and after 842 |
NON-CONSOLIDATED VARIABLE INT_2
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | |
Changes in Servicing Assets [Table Text Block] | Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ 26,355 $ 28,431 $ 26,941 $ 29,037 Capitalization of servicing assets 647 706 1,107 1,238 Amortization (1,038) (1,102) (2,075) (2,230) Temporary impairment - 1 - 5 Other (1) (12) (2) (21) (16) Balance at end of period $ 25,952 $ 28,034 $ 25,952 $ 28,034 (1) Mainly represents adjustments related to the repurchase |
Changes in Impairment Allowance [Table Text Block] | Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Balance at beginning of period $ - $ 8 $ - $ 12 Temporary impairment - (1) - (5) $ - $ 7 $ - $ 7 |
Components of Net Servicing Income [Table Text Block] | Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Servicing fees $ 2,605 $ 2,660 $ 5,178 $ 5,378 Late charges and prepayment penalties 181 211 370 410 Other (1 ) (12) (2) (21) (16) 2,774 2,869 5,527 5,772 Amortization and impairment of servicing assets (1,038) (1,101) (2,075) (2,225) $ 1,736 $ 1,768 $ 3,452 $ 3,547 (1) |
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block] | Weighted Average Maximum Minimum Six-Month Period Ended June 30, 2024 Constant prepayment rate: 6.8 % 17.1 % 3.2 % 6.8 % 15.9 % 2.9 % 6.2 % 7.6 % 4.4 % Discount rate: 11.5 % 11.5 % 11.5 % 9.5 % 9.5 % 9.5 % 11.5 % 12.5 % 11.0 % Six-Month Period Ended June 30, 2023 Constant prepayment rate: 6.7 % 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 % 12.9 % 14.0 % 11.5 % |
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block] | The weighted current 10 % 20 % indicated dates: June 30, 2024 December 31, 2023 (In thousands) Carrying amount of servicing assets $ 25,952 $ 26,941 Fair value $ 44,590 $ 45,244 Weighted-average 7.69 7.79 Constant prepayment rate (weighted-average annual 6.30 % 6.27 % $ 881 $ 886 $ 1,720 $ 1,731 Discount rate (weighted-average annual rate) 10.70 % 10.68 % $ 1,890 $ 1,927 $ 3,641 $ 3,712 |
DEPOSITS (Tables)
DEPOSITS (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
DEPOSITS [Abstract] | |
Summary of Deposit Balances [Table Text Block] | The following table summarizes deposit balances as of the indicated dates: June 30, 2024 December 31, 2023 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 5,406,054 $ 5,404,121 Interest-bearing checking accounts 3,831,677 3,937,945 Interest-bearing saving accounts 3,629,326 3,596,855 Time deposits 3,037,120 2,833,730 Brokered certificates of deposits ("CDs") 624,779 783,334 $ 16,528,956 $ 16,555,985 |
Schedule of contractual maturities of CDs | The following table presents the remaining contractual maturities of time deposits, Total (In thousands) Three months or less $ 966,977 Over three months to six months 829,519 Over six months to one year 1,102,165 Over one year to two years 474,119 Over two years to three years 70,269 Over three years to four years 126,118 Over four years to five years 70,897 Over five years 21,835 $ 3,661,899 |
ADVANCES FROM THE FEDERAL HOM_2
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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: June 30, 2024 December 31, 2023 (In thousands) Long-term Fixed -rate advances from the FHLB (1) $ 500,000 $ 500,000 (1) Weighted-average interest rate of 4.45 % as of each of June 30, 2024 and December 31, 2023, respectively. Advances from the FHLB mature as follows as of the indicated date: June 30, 2024 (In thousands) Over six months to one year $ 180,000 Over one to five years 320,000 (1) $ 500,000 (1) Average remaining term to maturity of 1.99 |
OTHER LONG-TERM BORROWINGS (Tab
OTHER LONG-TERM BORROWINGS (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
OTHER LONG-TERM BORROWINGS [Abstract] | |
Components of Other Borrowings [Table Text Block] | Junior subordinated debentures, as of the indicated dates, consisted of: (In thousands) June 30, 2024 December 31, 2023 Long-term floating rate junior subordinated debentures (FBP Statutory Trust I) (1) (3) $ 43,143 $ 43,143 Long-term floating rate junior subordinated debentures (FBP Statutory Trust II) (2) (3) 118,557 118,557 $ 161,700 $ 161,700 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of June 30, 2024 and December 31, 2023 ( 8.35 % as of June 30,2024 and 8.39 % as of December 31, 2023). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month CME Term SOFR 0.26161 % tenor spread adjustment as of June 30, 2024 and December 31, 2023 ( 8.11 % as of June 30, 2024 and 8.13 % as of December 31, 2023). (3) See Note 7 - “Non-Consolidated Variable |
EARNINGS PER COMMON SHARE (Tabl
EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
EARNINGS PER COMMON SHARE [Abstract] | |
Calculations of Earnings Per Common Share [Table Text Block] | The follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands, except per share information) Net income attributable to common stockholders $ 75,838 $ 70,655 $ 149,296 $ 141,353 Weighted-Average 164,945 178,926 166,043 179,567 598 351 627 686 165,543 179,277 166,670 180,253 Earnings per common share: Basic $ 0.46 $ 0.39 $ 0.90 $ 0.79 Diluted $ 0.46 $ 0.39 $ 0.90 $ 0.78 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
STOCK-BASED COMPENSATION [Abstract] | |
Restricted Stock Activity Under Omnibus Plan [Table Text Block] | The following table 2024 and 2023: Six-Month Period Ended June 30, 2024 2023 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 889,642 $ 12.30 938,491 $ 9.14 Granted (1) 398,569 17.35 495,891 11.99 Forfeited (3,464) 13.30 (57,491) 11.29 Vested (253,504) 12.26 (481,536) 5.93 Unvested shares outstanding at end of period 1,031,243 $ 14.26 895,355 $ 12.31 (1) For the six-month period ended June 30, 2024, 2,280 396,289 which 84,122 3,502 of restricted stock awarded 492,389 33,718 and thus charged to earnings as of the grant date. |
Summary Of Performance Units Activity [Table Text Block] | Six-Month Period Ended June 30, 2024 2023 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 534,261 $ 12.25 791,923 $ 7.36 Additions (1) 165,487 18.39 216,876 12.24 Vested (2) (150,716) 11.26 (474,538) 4.08 Performance units at end of period 549,032 $ 14.37 534,261 $ 12.25 (1) Units granted during the six-month periods ended June 30, 2024 and 2023 are based on the achievement of the Relative TSR and TBVPS performance goals during a three-year performance cycle beginning January 1, 2024 and January 1, 2023, respectively, and ending on December 31, 2026 and December 31, 2025, respectively. (2) Units vested during the six-month periods ended June 30, 2024 and 2023 are related to performance units granted in 2021 and 2020, respectively, that met the pre-established target and were settled with shares of common stock reissued from treasury shares. |
Summary Of Valuation Assumptions [Table Text Block] | The following performance units granted under the Omnibus Plan during the six-month Six-Month Period Ended June 30, 2024 2023 Risk-free interest rate (1) 4.41 % 3.98 % Correlation coefficient 73.80 77.16 Expected dividend yield (2) - - Expected volatility (3) 34.65 41.37 Expected life (in years) 2.78 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) | 6 Months Ended |
Jun. 30, 2024 | |
STOCKHOLDERS' EQUITY [Abstract] | |
Changes In Share Of Common Stock [Table Text Block] | The following 30, 2024 and 2023: Total Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 Common stock outstanding, beginning balance 166,707,047 179,788,698 169,302,812 182,709,059 Common stock repurchased (1) (2,840,591) - (5,983,180) (3,865,375) Common stock reissued under stock-based compensation plan 556 - 549,285 970,429 Restricted stock forfeited (1,559) (32,076) (3,464) (57,491) Common stock outstanding, ending balance 163,865,453 179,756,622 163,865,453 179,756,622 (1) For the quarter and six-month period ended June 270 136,308 For the six-month period ended June 30, 2023 includes 287,835 |
Changes In Treasury Stock [Table Text Block] | The following table shows the change in shares of treasury stock for the quarters and six-month 2023: Total Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 Treasury stock, beginning balance 56,956,069 43,874,418 54,360,304 40,954,057 Common stock repurchased 2,840,591 - 5,983,180 3,865,375 Common stock reissued under stock-based compensation plan (556) - (549,285) (970,429) Restricted stock forfeited 1,559 32,076 3,464 57,491 Treasury stock, ending balance 59,797,663 43,906,494 59,797,663 43,906,494 |
ACCUMULATED OTHER COMPREHENSI_2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss [Table Text Block] | Changes in Accumulated Other Comprehensive (1) Quarter ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Unrealized net holding losses on available-for-sale Beginning balance $ (655,617) $ (718,744) $ (640,552) $ (805,972) (2) 10,560 (54,837) (4,505) 32,391 Ending balance $ (645,057) $ (773,581) $ (645,057) $ (773,581) Adjustment of pension and postretirement Beginning balance $ 1,382 $ 1,194 $ 1,382 $ 1,194 - - - - Ending balance $ 1,382 $ 1,194 $ 1,382 $ 1,194 (1) All amounts presented are net of tax. (2) Net unrealized holding gains (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) | 6 Months Ended |
Jun. 30, 2024 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
Schedule of Net Benefit Costs [Table Text Block] | Affected Line Item in the Consolidated Quarter Ended June 30, Six-Month Period Ended June 30, Statements of Income 2024 2023 2024 2023 (In thousands) Net periodic (benefit) cost, pension plans: Interest cost Other expenses $ 901 $ 950 $ 1,802 $ 1,900 Expected return on plan assets Other expenses (1,018) (885) (2,036) (1,771) Net periodic (benefit) cost, pension plans (117) 65 (234) 129 Net periodic cost, postretirement plan Other expenses 16 6 32 12 Net periodic (benefit) cost $ (101) $ 71 $ (202) $ 141 The following table presents the components of net periodic (benefit) cost for |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 As of June 30, 2024 As of December 31, 2023 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 $ 117,073 $ - $ - $ 117,073 $ 135,393 $ - $ - $ 135,393 Noncallable U.S. agencies debt securities - 495,689 - 495,689 - 433,437 - 433,437 Callable U.S. agencies debt securities - 1,739,738 - 1,739,738 - 1,874,960 - 1,874,960 MBS - 2,597,712 4,567 (1) 2,602,279 - 2,779,994 4,785 (1) 2,784,779 Puerto Rico government obligation - - 1,532 1,532 - - 1,415 1,415 Other investments - - 1,000 1,000 - - - - Equity securities 4,867 - - 4,867 4,893 - - 4,893 Derivative assets - 316 - 316 - 341 - 341 Liabilities: Derivative liabilities - 152 - 152 - 317 - 317 (1) Related to private label MBS. |
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The table basis using significant unobservable inputs (Level 3) for the quarters Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 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 $ 6,275 $ 7,605 $ 6,200 $ 8,495 175 (19) 414 (181) (2) (60) 16 9 25 1,000 - 1,000 - (3) (291) (245) (524) (982) Ending balance $ 7,099 $ 7,357 $ 7,099 $ 7,357 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized (losses) gains included in earnings were (3) For the six-month period ended June 30, 2023 includes a 0.5 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | The significant unobservable inputs (Level 3) as of June 30,2024 and December June 30, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,567 Discounted cash flows Discount rate 16.8% 16.8% 16.8% Prepayment rate 0.0% 5.6% 3.4% Projected cumulative loss rate 0.2% 9.4% 4.1% $ 1,532 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 25.9% 25.9% 25.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 4,785 Discounted cash flows Discount rate 16.1% 16.1% 16.1% Prepayment rate 0.0% 6.9% 3.7% Projected cumulative loss rate 0.1% 10.9% 4.2% $ 1,415 Discounted cash flows Discount rate 14.1% 14.1% 14.1% Projected cumulative loss rate 25.8% 25.8% 25.8% |
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block] | For recognized at fair value on a non-recurring basis and still held at June 30, 2024, as shown Carrying value as of June 30, 2024 Related to losses recorded for the Quarter Ended June 30, 2024 Related to losses recorded for the Six- Month Period Ended June 30, 2024 Losses recorded for the Quarter Ended June 30, 2024 Losses recorded for the Six-Month Period Ended June 30, 2024 (In thousands) Level 3: Loans receivable (1) $ 25,930 $ 26,117 $ (107) $ (144) OREO (2) 1,044 1,292 (55) (171) (1) Consists mainly of the fair values from assumptions of the 4 % for the quarter 2024. (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the loans to the 2 % to 18 % for the quarter and six-month period ended June 30, For recognized at fair value on a non-recurring basis and still held at June 30, 2023, as shown Carrying value as of June 30, 2023 Related to (losses) gains recorded for the Quarter Ended June 30, 2023 Related to (losses) gains recorded for the Six- Month Period Ended June 30, 2023 (Losses) gains recorded for the Quarter Ended June 30, 2023 (Losses) gains recorded for the Six-Month Period Ended June 30, 2023 (In thousands) Level 3: Loans receivable (1) $ 8,011 $ 8,920 $ (6,515) $ (6,744) OREO (2) 1,471 2,038 45 12 Level 2: Loans held for sale (3) $ 14,295 $ 14,295 $ (73) $ (73) (1) Consists mainly of the fair values from assumptions of 1 % to 22 % for ended June 30, 2023. (2) The Corporation characteristics and assumptions of market valuation adjustments after the transfer of the 7 % to 34 % for the quarter ended June 30, 2023, and 6 % to 34 % for the six-month period ended June 30, 2023. (3) The Corporation derived the fair value of these loans based |
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block] | The instruments as of June 30,2024 and December 31, 2023: Total Carrying Amount in Statement of Financial Condition as of June 30, 2024 Fair Value Estimate as June 30, 2024 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized $ 586,282 $ 586,282 $ 586,282 $ - $ - Available-for-sale debt 4,957,311 4,957,311 117,073 4,833,139 7,099 Held-to-maturity debt securities: 344,435 (1,267) $ 343,168 333,690 - 222,364 111,326 Equity securities (amortized cost) 46,170 46,170 - 46,170 (1) - Other equity securities (fair value) 4,867 4,867 4,867 - - Loans held for sale (lower of cost or market) 10,392 10,450 - 10,450 - Loans held for investment: 12,385,508 (254,532) $ 12,130,976 12,058,472 - - 12,058,472 MSRs (amortized cost) 25,952 44,590 - - 44,590 Derivative assets (fair value) 316 316 - 316 - Liabilities: Deposits (amortized cost) $ 16,528,956 $ 16,521,923 $ - $ 16,521,923 $ - Advances from the FHLB (amortized cost): 500,000 495,838 - 495,838 - Other long-term borrowings (amortized cost) 161,700 159,696 - - 159,696 Derivative liabilities (fair value) 152 152 - 152 - (1) Includes FHLB stock with a carrying value of $ 34.0 (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, 2023 Fair Value Estimate as December 31, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments $ 663,164 $ 663,164 $ 663,164 $ - $ - Available-for-sale debt 5,229,984 5,229,984 135,393 5,088,391 6,200 Held-to-maturity debt securities: 354,178 (2,197) $ 351,981 346,132 - 235,239 110,893 Equity securities (amortized cost) 44,782 44,782 - 44,782 (1) - Other equity securities (fair value) 4,893 4,893 4,893 - - Loans held for sale (lower of cost or market) 7,368 7,476 - 7,476 - Loans held for investment: 12,185,483 (261,843) $ 11,923,640 11,762,855 - - 11,762,855 MSRs (amortized cost) 26,941 45,244 - - 45,244 Derivative assets (fair value) (2) 341 341 - 341 - Liabilities: Deposits (amortized cost) $ 16,555,985 $ 16,565,435 $ - $ 16,565,435 $ - Advances from the FHLB (amortized cost) 500,000 500,522 - 500,522 - Other long-term borrowings (amortized cost) 161,700 159,999 - - 159,999 Derivative liabilities (fair value) (2) 317 317 - 317 - (1) Includes FHLB stock with a carrying value of $ 34.6 (2) Includes interest rate swap agreements, interest rate caps, forward contracts and interest rate lock commitments. |
REVENUE FROM CONTRACTS WITH C_2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
Disaggregation of Revenue [Table Text Block] | Quarter ended June 30, 2024 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (loss) (1) $ 14,332 $ 151,269 $ 14,927 $ (4,851) $ 18,884 $ 5,067 $ 199,628 Service charges and fees on deposit accounts - 5,254 3,536 - 155 780 9,725 Insurance commission income - 2,563 - - 30 193 2,786 Card and processing income - 10,472 18 - 31 1,002 11,523 Other service charges and fees 41 973 1,018 - 613 153 2,798 Not in scope of ASC Topic 3,620 1,201 244 98 5 38 5,206 3,661 20,463 4,816 98 834 2,166 32,038 Total Revenue (Loss) $ 17,993 $ 171,732 $ 19,743 $ (4,753) $ 19,718 $ 7,233 $ 231,666 Quarter ended June 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 (loss) (1) $ 21,360 $ 142,597 $ 12,933 $ (2,789) $ 19,690 $ 6,024 $ 199,815 Service charges and fees on deposit accounts - 5,087 3,326 - 172 702 9,287 Insurance commission income - 2,464 - - 79 204 2,747 Card and processing income - 10,152 28 - 49 906 11,135 Other service charges and fees 33 1,508 1,094 - 660 207 3,502 Not in scope of ASC Topic (1) 3,029 1,010 3,697 1,680 195 (11) 9,600 Total non-interest 3,062 20,221 8,145 1,680 1,155 2,008 36,271 Total Revenue (Loss) $ 24,422 $ 162,818 $ 21,078 $ (1,109) $ 20,845 $ 8,032 $ 236,086 Six-Month Period Ended June 30, 2024 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income loss (1) $ 30,155 $ 300,216 $ 29,855 $ (11,383) $ 37,132 $ 10,173 $ 396,148 Service charges and fees on deposit accounts - 10,535 7,028 - 303 1,521 19,387 Insurance commission income - 7,797 - - 86 410 8,293 Card and processing income - 20,710 42 - 109 1,974 22,835 Other service charges and fees 99 2,016 1,894 - 1,234 294 5,537 Not in scope of ASC Topic 6,581 2,811 353 181 3 40 9,969 6,680 43,869 9,317 181 1,735 4,239 66,021 Total Revenue (Loss) $ 36,835 $ 344,085 $ 39,172 $ (11,202) $ 38,867 $ 14,412 $ 462,169 Six-Month Period Ended June 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 (loss) (1) $ 43,148 $ 280,341 $ 27,873 $ (3,447) $ 40,620 $ 12,165 $ 400,700 Service charges and fees on deposit accounts - 10,573 6,480 - 337 1,438 18,828 Insurance commission income - 7,104 - - 107 383 7,594 Card and processing income - 20,053 50 - 80 1,870 22,053 Other service charges and fees 194 2,660 1,948 - 1,243 551 6,596 Not in scope of ASC Topic 5,942 1,865 3,842 1,840 235 (6) 13,718 6,136 42,255 12,320 1,840 2,002 4,236 68,789 Total Revenue (Loss) $ 49,284 $ 322,596 $ 40,193 $ (1,607) $ 42,622 $ 16,401 $ 469,489 (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. |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 June 30, 2024: Interest income $ 31,446 $ 95,139 $ 72,914 $ 28,912 $ 36,413 $ 7,421 $ 272,245 Net (charge) credit for transfer of funds (17,114) 99,472 (57,987) (21,820) (2,551) - - Interest expense - (43,342) - (11,943) (14,978) (2,354) (72,617) Net interest income (loss) 14,332 151,269 14,927 (4,851) 18,884 5,067 199,628 Provision for credit losses - (benefit) expense (9,794) 26,076 (1,647) 60 (3,524) 434 11,605 Non-interest income 3,661 20,463 4,816 98 834 2,166 32,038 Direct non-interest expenses 6,300 44,688 8,355 984 9,092 7,022 76,441 $ 21,487 $ 100,968 $ 13,035 $ (5,797) $ 14,150 $ (223) $ 143,620 Average earning assets $ 2,116,306 $ 3,487,340 $ 4,045,222 $ 5,842,575 $ 2,119,230 $ 419,052 $ 18,029,725 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Quarter ended June 30, 2023: Interest income $ 31,605 $ 86,989 $ 65,356 $ 29,528 $ 32,098 $ 6,628 $ 252,204 Net (charge) credit for transfer of funds (10,245) 86,144 (52,423) (22,739) (737) - - Interest expense - (30,536) - (9,578) (11,671) (604) (52,389) Net interest income (loss) 21,360 142,597 12,933 (2,789) 19,690 6,024 199,815 Provision for credit losses - (benefit) expense (3,829) 13,669 7,675 (16) 4,017 714 22,230 Non-interest income 3,062 20,221 8,145 1,680 1,155 2,008 36,271 Direct non-interest expenses 5,533 41,814 9,340 923 8,502 6,731 72,843 $ 22,718 $ 107,335 $ 4,063 $ (2,016) $ 8,326 $ 587 $ 141,013 Average earning assets $ 2,144,340 $ 3,241,768 $ 3,770,463 $ 6,364,024 $ 2,038,621 $ 371,685 $ 17,930,901 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Six-Month Period Ended June 30, 2024 Interest income $ 62,889 $ 189,934 $ 145,026 $ 56,970 $ 71,178 $ 14,753 $ 540,750 Net (charge) credit for transfer of funds (32,734) 195,723 (115,171) (43,292) (4,526) - - Interest expense - (85,441) - (25,061) (29,520) (4,580) (144,602) Net interest income (loss) 30,155 300,216 29,855 (11,383) 37,132 10,173 396,148 Provision for credit losses - (benefit) expense (10,054) 41,494 (4,086) (9) (3,442) (131) 23,772 Non-interest income 6,680 43,869 9,317 181 1,735 4,239 66,021 Direct non-interest expenses 13,005 87,333 18,694 2,055 18,202 13,613 152,902 $ 33,884 $ 215,258 $ 24,564 $ (13,248) $ 24,107 $ 930 $ 285,495 Average earnings assets $ 2,121,386 $ 3,480,169 $ 4,033,698 $ 5,871,444 $ 2,103,523 $ 416,135 $ 18,026,355 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Six-Month Period Ended June 30, 2023 Interest income $ 63,512 $ 170,163 $ 127,699 $ 56,994 $ 63,212 $ 13,020 $ 494,600 Net (charge) credit for transfer of funds (20,364) 163,879 (99,826) (42,278) (1,411) - - Interest expense - (53,701) - (18,163) (21,181) (855) (93,900) Net interest income (loss) 43,148 280,341 27,873 (3,447) 40,620 12,165 400,700 Provision for credit losses - (benefit) expense (4,335) 28,893 5,139 (25) 8,672 (612) 37,732 Non-interest income 6,136 42,255 12,320 1,840 2,002 4,236 68,789 Direct non-interest expenses 10,620 83,441 18,705 1,870 16,806 13,556 144,998 $ 42,999 $ 210,262 $ 16,349 $ (3,452) $ 17,144 $ 3,457 $ 286,759 Average earnings assets $ 2,157,626 $ 3,208,146 $ 3,742,205 $ 6,290,669 $ 2,053,154 $ 369,026 $ 17,820,826 |
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 June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 (In thousands) Net income: Total income for segments $ 143,620 $ 141,013 $ 285,495 $ 286,759 Other operating expenses 42,241 40,074 86,703 83,187 Income before income taxes 101,379 100,939 198,792 203,572 Income tax expense 25,541 30,284 49,496 62,219 $ 75,838 $ 70,655 $ 149,296 $ 141,353 Average assets: Total average earning assets for segments $ 18,029,725 $ 17,930,901 $ 18,026,355 $ 17,820,826 Average non-earning assets 854,706 857,677 845,010 852,680 $ 18,884,431 $ 18,788,578 $ 18,871,365 $ 18,673,506 (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) | 6 Months Ended |
Jun. 30, 2024 | |
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 Six-Month Period Ended June 30, 2024 2023 (In thousands) Cash paid for: $ 134,995 $ 84,530 49,236 82,215 8,693 8,630 Non-cash investing and financing activities: 4,599 10,738 29,590 29,720 1,107 1,238 58,911 65,092 118 2,962 - 1,714 - 4,502 5,112 2,263 760 - |
REGULATORY MATTERS, COMMITMEN_2
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 June 30, 2024 Total Capital (to Risk-Weighted $ 2,394,971 18.21 % $ 1,052,081 8.0 % N/A N/A $ 2,364,456 17.98 % $ 1,051,871 8.0 % $ 1,314,838 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,073,346 15.77 % $ 591,795 4.5 % N/A N/A $ 2,099,713 15.97 % $ 591,677 4.5 % $ 854,645 6.5 % Tier I Capital (to Risk-Weighted $ 2,073,346 15.77 % $ 789,061 6.0 % N/A N/A $ 2,199,713 16.73 % $ 788,903 6.0 % $ 1,051,871 8.0 % Leverage ratio $ 2,073,346 10.63 % $ 779,944 4.0 % N/A N/A $ 2,199,713 11.29 % $ 779,653 4.0 % $ 974,566 5.0 % As of December 31, 2023 Total Capital (to Risk-Weighted $ 2,403,319 18.57 % $ 1,035,589 8.0 % N/A N/A $ 2,376,003 18.36 % $ 1,035,406 8.0 % $ 1,294,257 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,084,432 16.10 % $ 528,519 4.5 % N/A N/A % $ 2,113,995 16.33 % $ 582,416 4.5 % $ 841,267 6.5 % Tier I Capital (to Risk-Weighted $ 2,084,432 16.10 % $ 776,692 6.0 % N/A N/A $ 2,213,995 17.11 % $ 776,554 6.0 % $ 1,035,406 8.0 % Leverage ratio $ 2,084,432 10.78 % $ 773,615 4.0 % N/A N/A $ 2,213,995 11.45 % $ 773,345 4.0 % $ 966,682 5.0 % |
FIRST BANCORP. (Holding Compa_2
FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
FIRST BANCORP. (Holding Company Only) Financial Information [Abstract] | |
Statements of Financial Condition [Table Text Block] | Statements of Financial Condition As of June 30, As of December 31, 2024 2023 (In thousands) Assets Cash and due from banks $ 10,516 $ 11,452 Other investment securities 1,275 825 Investment in First Bank Puerto Rico, at equity 1,617,826 1,627,172 Investment in First Bank Insurance Agency, 22,378 18,376 Investment in FBP Statutory Trust I 1,289 1,289 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 1,405 713 Other assets 590 476 $ 1,658,840 $ 1,663,864 Liabilities and Stockholders’ Equity Liabilities: Long-term borrowings $ 161,700 $ 161,700 Accounts payable and other liabilities 5,680 4,555 167,380 166,255 Stockholders’ equity 1,491,460 1,497,609 $ 1,658,840 $ 1,663,864 |
Statements of Income [Table Text Block] | Statements of Income Quarter Ended Six-Month Period Ended June 30, June 30, 2024 2023 2024 2023 (In thousands) Income $ 87 $ 57 $ 150 $ 110 81,232 78,932 162,149 157,802 - 12,000 - 12,000 - 1,605 - 1,605 100 101 201 203 81,419 92,695 162,500 171,720 Expense 3,336 3,409 6,686 6,790 463 462 902 872 3,799 3,871 7,588 7,662 Income before income taxes and equity in undistributed 77,620 88,824 154,912 164,058 Income tax expense - - 1 1 Equity in undistributed earnings of subsidiaries (1,782) (18,169) (5,615) (22,704) Net income $ 75,838 $ 70,655 $ 149,296 $ 141,353 Other comprehensive income (loss), net of tax 10,560 (54,837) (4,505) 32,391 Comprehensive income $ 86,398 $ 15,818 $ 144,791 $ 173,744 |
DEBT SECURITIES - Investment Se
DEBT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 5,595,164 | $ 5,863,294 | ||||
Gross Unrealized Gains | 186 | 250 | ||||
Gross Unrealized Losses | 637,490 | 633,049 | ||||
Allowance for Credit Losses | 549 | $ 442 | 511 | $ 433 | $ 449 | $ 458 |
Fair value | $ 4,957,311 | $ 5,229,984 | ||||
Weighted-average yield | 1.26% | 1.24% | ||||
Interest receivable | $ 77,895 | $ 77,716 | ||||
Available-for-sale Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Interest receivable | 10,000 | 10,600 | ||||
Federal Home Loan Bank Borrowings [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | 538,500 | 527,200 | ||||
Fair value | 465,500 | 477,900 | ||||
U.S. Treasury securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | 100,370 | 80,314 | ||||
Gross Unrealized Gains Due within one year | 0 | 0 | ||||
Gross Unrealized Losses Due within one year | 2,156 | 2,144 | ||||
Allowance for Credit Losses within one year | 0 | 0 | ||||
Fair value Due within one year | $ 98,214 | $ 78,170 | ||||
Weighted-average yield Due within one year | 0.70% | 0.66% | ||||
Amortized cost After 1 to 5 years | $ 19,901 | $ 60,239 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 1,042 | 3,016 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 18,859 | $ 57,223 | ||||
Weighted-average yield After 1 to 5 years | 0.65% | 0.75% | ||||
U.S. GSE's obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | $ 782,777 | $ 542,847 | ||||
Gross Unrealized Gains Due within one year | 0 | 0 | ||||
Gross Unrealized Losses Due within one year | 16,859 | 15,832 | ||||
Allowance for Credit Losses within one year | 0 | 0 | ||||
Fair value Due within one year | $ 765,918 | $ 527,015 | ||||
Weighted-average yield Due within one year | 0.91% | 0.77% | ||||
Amortized cost After 1 to 5 years | $ 1,564,870 | $ 1,899,620 | ||||
Gross Unrealized Gains After 1 to 5 years | 51 | 49 | ||||
Gross Unrealized Losses After 1 to 5 years | 111,755 | 135,347 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 1,453,166 | $ 1,764,322 | ||||
Weighted-average yield After 1 to 5 years | 0.82% | 0.86% | ||||
Amortized cost After 5 to 10 years | $ 8,850 | $ 8,850 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 750 | 687 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 8,100 | $ 8,163 | ||||
Weighted-average yield After 5 to 10 years | 2.64% | 2.64% | ||||
Amortized cost After 10 years | $ 8,228 | $ 8,891 | ||||
Gross Unrealized Gains After 10 years | 15 | 8 | ||||
Gross Unrealized Losses After 10 years | 0 | 2 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 8,243 | $ 8,897 | ||||
Weighted-average yield After 10 years | 5.69% | 5.49% | ||||
Puerto Rico government obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 10 years | $ 3,084 | $ 3,156 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 1,166 | 1,346 | ||||
Allowance for Credit Losses After 10 years | 386 | 395 | ||||
Fair value After 10 years | $ 1,532 | $ 1,415 | ||||
Weighted-average yield After 10 years | 0% | 0% | ||||
Allowance for Credit Losses | $ 386 | $ 326 | $ 395 | $ 350 | $ 366 | $ 375 |
United States And Puerto Rico Government Obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | 2,488,080 | 2,603,917 | ||||
Gross Unrealized Gains | 66 | 57 | ||||
Gross Unrealized Losses | 133,728 | 158,374 | ||||
Allowance for Credit Losses | 386 | 395 | ||||
Fair value | $ 2,354,032 | $ 2,445,205 | ||||
Weighted-average yield | 0.86% | 0.85% | ||||
Residential MBS [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 2,893,532 | $ 3,069,139 | ||||
Gross Unrealized Gains | 111 | 193 | ||||
Gross Unrealized Losses | 462,515 | 436,055 | ||||
Allowance for Credit Losses | 163 | 116 | ||||
Fair value | $ 2,430,965 | $ 2,633,161 | ||||
Weighted-average yield | 1.55% | 1.55% | ||||
Residential MBS [Member] | Freddie Mac (FHLMC) certificates [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | $ 4 | |||||
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 | $ 4 | |||||
Weighted-average yield Due within one year | 4.31% | |||||
Amortized cost After 1 to 5 years | $ 16,204 | $ 19,561 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 754 | 868 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 15,450 | $ 18,693 | ||||
Weighted-average yield After 1 to 5 years | 2.06% | 2.06% | ||||
Amortized cost After 5 to 10 years | $ 138,723 | $ 153,308 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 12,739 | 12,721 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 125,984 | $ 140,587 | ||||
Weighted-average yield After 5 to 10 years | 1.55% | 1.55% | ||||
Amortized cost After 10 years | $ 948,539 | $ 991,060 | ||||
Gross Unrealized Gains After 10 years | 6 | 15 | ||||
Gross Unrealized Losses After 10 years | 172,740 | 161,197 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 775,805 | $ 829,878 | ||||
Weighted-average yield After 10 years | 1.41% | 1.41% | ||||
Amortized cost | $ 1,103,470 | $ 1,163,929 | ||||
Gross Unrealized Gains | 6 | 15 | ||||
Gross Unrealized Losses | 186,233 | 174,786 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 917,243 | $ 989,158 | ||||
Weighted-average yield | 1.44% | 1.44% | ||||
Residential MBS [Member] | Ginnie Mae (GNMA) certificates [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost Due within one year | $ 841 | $ 254 | ||||
Gross Unrealized Gains Due within one year | 0 | 0 | ||||
Gross Unrealized Losses Due within one year | 8 | 3 | ||||
Allowance for Credit Losses within one year | 0 | 0 | ||||
Fair value Due within one year | $ 833 | $ 251 | ||||
Weighted-average yield Due within one year | 3.29% | 3.27% | ||||
Amortized cost After 1 to 5 years | $ 11,837 | $ 16,882 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 648 | 872 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 11,189 | $ 16,010 | ||||
Weighted-average yield After 1 to 5 years | 0.93% | 1.19% | ||||
Amortized cost After 5 to 10 years | $ 31,168 | $ 27,916 | ||||
Gross Unrealized Gains After 5 to 10 years | 2 | 8 | ||||
Gross Unrealized Losses After 5 to 10 years | 2,783 | 2,247 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 28,387 | $ 25,677 | ||||
Weighted-average yield After 5 to 10 years | 1.77% | 1.62% | ||||
Amortized cost After 10 years | $ 191,483 | $ 206,254 | ||||
Gross Unrealized Gains After 10 years | 101 | 87 | ||||
Gross Unrealized Losses After 10 years | 25,966 | 22,786 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 165,618 | $ 183,555 | ||||
Weighted-average yield After 10 years | 2.65% | 2.57% | ||||
Amortized cost | $ 235,329 | $ 251,306 | ||||
Gross Unrealized Gains | 103 | 95 | ||||
Gross Unrealized Losses | 29,405 | 25,908 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 206,027 | $ 225,493 | ||||
Weighted-average yield | 2.45% | 2.38% | ||||
Residential MBS [Member] | Fannie Mae (FNMA) certificates [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 1 to 5 years | $ 26,921 | $ 32,489 | ||||
Gross Unrealized Gains After 1 to 5 years | 0 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 1,236 | 1,423 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 25,685 | $ 31,066 | ||||
Weighted-average yield After 1 to 5 years | 2.11% | 2.11% | ||||
Amortized cost After 5 to 10 years | $ 272,851 | $ 293,492 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 23,789 | 23,146 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 249,062 | $ 270,346 | ||||
Weighted-average yield After 5 to 10 years | 1.74% | 1.70% | ||||
Amortized cost After 10 years | $ 988,450 | $ 1,047,298 | ||||
Gross Unrealized Gains After 10 years | 2 | 83 | ||||
Gross Unrealized Losses After 10 years | 165,091 | 156,344 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 823,361 | $ 891,037 | ||||
Weighted-average yield After 10 years | 1.36% | 1.37% | ||||
Amortized cost | $ 1,288,222 | $ 1,373,279 | ||||
Gross Unrealized Gains | 2 | 83 | ||||
Gross Unrealized Losses | 190,116 | 180,913 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 1,098,108 | $ 1,192,449 | ||||
Weighted-average yield | 1.45% | 1.46% | ||||
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 | $ 259,830 | $ 273,539 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 54,810 | 52,263 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 205,020 | $ 221,276 | ||||
Weighted-average yield After 10 years | 1.52% | 1.54% | ||||
Residential MBS [Member] | Private label [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 5 to 10 years | $ 1,322 | |||||
Gross Unrealized Gains After 5 to 10 years | 0 | |||||
Gross Unrealized Losses After 5 to 10 years | 317 | |||||
Allowance for Credit Losses After 5 to 10 years | 5 | |||||
Fair value After 5 to 10 years | $ 1,000 | |||||
Weighted-average yield After 5 to 10 years | 8.93% | |||||
Amortized cost After 10 years | $ 5,359 | $ 7,086 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 1,634 | 2,185 | ||||
Allowance for Credit Losses After 10 years | 158 | 116 | ||||
Fair value After 10 years | $ 3,567 | $ 4,785 | ||||
Weighted-average yield After 10 years | 7.34% | 7.66% | ||||
Amortized cost | $ 6,681 | |||||
Gross Unrealized Gains | 0 | |||||
Gross Unrealized Losses | 1,951 | |||||
Allowance for Credit Losses | 163 | $ 100 | ||||
Fair value | $ 4,567 | |||||
Weighted-average yield | 7.65% | |||||
Commercial Mortgage Backed Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost After 1 to 5 years | $ 44,240 | 45,022 | ||||
Gross Unrealized Gains After 1 to 5 years | 9 | 0 | ||||
Gross Unrealized Losses After 1 to 5 years | 7,121 | 6,898 | ||||
Allowance for Credit Losses After 1 to 5 years | 0 | 0 | ||||
Fair value After 1 to 5 years | $ 37,128 | $ 38,124 | ||||
Weighted-average yield After 1 to 5 years | 2.18% | 2.17% | ||||
Amortized cost After 5 to 10 years | $ 22,121 | $ 22,386 | ||||
Gross Unrealized Gains After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 5 to 10 years | 2,795 | 2,685 | ||||
Allowance for Credit Losses After 5 to 10 years | 0 | 0 | ||||
Fair value After 5 to 10 years | $ 19,326 | $ 19,701 | ||||
Weighted-average yield After 5 to 10 years | 2.16% | 2.16% | ||||
Amortized cost After 10 years | $ 146,191 | $ 122,830 | ||||
Gross Unrealized Gains After 10 years | 0 | 0 | ||||
Gross Unrealized Losses After 10 years | 31,331 | 29,037 | ||||
Allowance for Credit Losses After 10 years | 0 | 0 | ||||
Fair value After 10 years | $ 114,860 | $ 93,793 | ||||
Weighted-average yield After 10 years | 1.98% | 1.36% | ||||
Amortized cost | $ 212,552 | $ 190,238 | ||||
Gross Unrealized Gains | 9 | 0 | ||||
Gross Unrealized Losses | 41,247 | 38,620 | ||||
Allowance for Credit Losses | 0 | 0 | ||||
Fair value | $ 171,314 | $ 151,618 | ||||
Weighted-average yield | 2.04% | 1.64% | ||||
Mortgage Backed Securities [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 3,106,084 | $ 3,259,377 | ||||
Gross Unrealized Gains | 120 | 193 | ||||
Gross Unrealized Losses | 503,762 | 474,675 | ||||
Allowance for Credit Losses | 163 | 116 | ||||
Fair value | $ 2,602,279 | $ 2,784,779 | ||||
Weighted-average yield | 1.58% | 1.55% | ||||
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 | 2.35% | |||||
Amortized cost After 1 to 5 years | $ 500 | |||||
Gross Unrealized Gains After 1 to 5 years | 0 | |||||
Gross Unrealized Losses After 1 to 5 years | 0 | |||||
Allowance for Credit Losses After 1 to 5 years | 0 | |||||
Fair value After 1 to 5 years | $ 500 | |||||
Weighted-average yield After 1 to 5 years | 2.35% | |||||
Amortized cost | $ 1,000 | |||||
Gross Unrealized Gains | 0 | |||||
Gross Unrealized Losses | 0 | |||||
Allowance for Credit Losses | 0 | |||||
Fair value | $ 1,000 | |||||
Weighted-average yield | 2.35% | |||||
Unisured Portion Of Government Deposits [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Amortized cost | $ 3,100,000 | $ 3,200,000 | ||||
Fair value | $ 2,700,000 | $ 2,800,000 |
DEBT SECURITIES - Additional In
DEBT SECURITIES - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Schedule Of Investments [Line Items] | ||||||||
Investments purchased, classified as availalbe-for-sale debt securities | $ 28,000,000 | $ 28,037,000 | $ 961,000 | |||||
Fair value | 4,957,311,000 | 4,957,311,000 | $ 5,229,984,000 | |||||
Gross Unrealized Losses | 637,490,000 | 637,490,000 | 633,049,000 | |||||
Available-for-sale, allowance for credit losses | 549,000 | $ 433,000 | 549,000 | 433,000 | $ 442,000 | 511,000 | $ 449,000 | $ 458,000 |
Provision For Other Credit Losses Previous Expected Credit Losses | (60,000) | 16,000 | 9,000 | 25,000 | ||||
Allowance for credit losses, Held-to-Maturity securities | 1,267,000 | 1,267,000 | 2,197,000 | |||||
Debt Securities, Held-to-maturity | 344,435,000 | 344,435,000 | 354,178,000 | |||||
Accrued interest receivable | 77,895,000 | 77,895,000 | 77,716,000 | |||||
Held to maturity securities classified as cash and cash equivalents | 0 | 0 | 0 | |||||
Past Due [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Debt Securities, Held-to-maturity | 0 | 0 | 0 | |||||
Puerto Rico government obligations [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Available-for-sale, allowance for credit losses | 386,000 | 350,000 | 386,000 | 350,000 | 326,000 | 395,000 | 366,000 | 375,000 |
Provision For Other Credit Losses Previous Expected Credit Losses | (60,000) | 16,000 | 9,000 | 25,000 | ||||
Residential MBS [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Fair value | 2,430,965,000 | 2,430,965,000 | 2,633,161,000 | |||||
Gross Unrealized Losses | 462,515,000 | 462,515,000 | 436,055,000 | |||||
Available-for-sale, allowance for credit losses | 163,000 | 163,000 | 116,000 | |||||
Allowance for credit losses, Held-to-Maturity securities | 0 | 0 | 0 | |||||
Debt Securities, Held-to-maturity | 138,615,000 | 138,615,000 | 146,468,000 | |||||
Residential MBS [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Fair value | 4,567,000 | 4,567,000 | ||||||
Gross Unrealized Losses | 1,951,000 | 1,951,000 | ||||||
Available-for-sale, allowance for credit losses | $ 163,000 | $ 163,000 | 100,000 | |||||
Residential MBS [Member] | 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% | ||||||
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 | $ 163,000 | 83,000 | $ 163,000 | 83,000 | $ 116,000 | 116,000 | $ 83,000 | $ 83,000 |
Provision For Other Credit Losses Previous Expected Credit Losses | 0 | $ 0 | 0 | $ 0 | ||||
Available-for-sale Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Accrued interest receivable | 10,000,000 | 10,000,000 | 10,600,000 | |||||
Held-to-maturity Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Accrued interest receivable | $ 4,800,000 | $ 4,800,000 | $ 4,800,000 |
DEBT SECURITIES - Available-For
DEBT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | $ 50,104 | $ 26,180 | ||||
Unrealized Losses Less than 12 months | 665 | 120 | ||||
Fair Value 12 months or more | 4,875,876 | 5,170,265 | ||||
Unrealized Losses 12 months or more | 636,825 | 632,929 | ||||
Total Fair Value | 4,925,980 | 5,196,445 | ||||
Total Unrealized Losses | 637,490 | 633,049 | ||||
Allowance for Credit Losses | 549 | $ 442 | 511 | $ 433 | $ 449 | $ 458 |
U.S. Treasury and U.S. government agencies obligations [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 875 | 2,544 | ||||
Unrealized Losses Less than 12 months | 0 | 2 | ||||
Fair Value 12 months or more | 2,338,381 | 2,428,784 | ||||
Unrealized Losses 12 months or more | 132,562 | 157,026 | ||||
Total Fair Value | 2,339,256 | 2,431,328 | ||||
Total Unrealized Losses | 132,562 | 157,028 | ||||
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 | 1,532 | 1,415 | ||||
Unrealized Losses 12 months or more | 1,166 | 1,346 | ||||
Total Fair Value | 1,532 | 1,415 | ||||
Total Unrealized Losses | 1,166 | 1,346 | ||||
Allowance for Credit Losses | 386 | 326 | 395 | 350 | 366 | 375 |
Residential MBS [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Allowance for Credit Losses | 163 | 116 | ||||
Residential MBS [Member] | Private label [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Allowance for Credit Losses | 163 | 100 | ||||
Residential MBS [Member] | FHLMC [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 1,191 | 9 | ||||
Unrealized Losses Less than 12 months | 15 | 0 | ||||
Fair Value 12 months or more | 915,156 | 988,092 | ||||
Unrealized Losses 12 months or more | 186,218 | 174,786 | ||||
Total Fair Value | 916,347 | 988,101 | ||||
Total Unrealized Losses | 186,233 | 174,786 | ||||
Residential MBS [Member] | GNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 11,188 | 12,257 | ||||
Unrealized Losses Less than 12 months | 123 | 100 | ||||
Fair Value 12 months or more | 188,231 | 202,390 | ||||
Unrealized Losses 12 months or more | 29,282 | 25,808 | ||||
Total Fair Value | 199,419 | 214,647 | ||||
Total Unrealized Losses | 29,405 | 25,908 | ||||
Residential MBS [Member] | FNMA [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 8,135 | 0 | ||||
Unrealized Losses Less than 12 months | 99 | 0 | ||||
Fair Value 12 months or more | 1,088,394 | 1,183,275 | ||||
Unrealized Losses 12 months or more | 190,017 | 180,913 | ||||
Total Fair Value | 1,096,529 | 1,183,275 | ||||
Total Unrealized Losses | 190,116 | 180,913 | ||||
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 | 0 | ||||
Unrealized Losses Less than 12 months | 0 | 0 | ||||
Fair Value 12 months or more | 202,963 | 221,276 | ||||
Unrealized Losses 12 months or more | 54,810 | 52,263 | ||||
Total Fair Value | 202,963 | 221,276 | ||||
Total Unrealized Losses | 54,810 | 52,263 | ||||
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 | 4,567 | 4,785 | ||||
Unrealized Losses 12 months or more | 1,951 | 2,185 | ||||
Total Fair Value | 4,567 | 4,785 | ||||
Total Unrealized Losses | 1,951 | 2,185 | ||||
Allowance for Credit Losses | 163 | $ 116 | 116 | $ 83 | $ 83 | $ 83 |
Commercial MBS [Member] | ||||||
Schedule Of Available For Sale Securities [Line Items] | ||||||
Fair Value Less than 12 months | 28,715 | 11,370 | ||||
Unrealized Losses Less than 12 months | 428 | 18 | ||||
Fair Value 12 months or more | 136,652 | 140,248 | ||||
Unrealized Losses 12 months or more | 40,819 | 38,602 | ||||
Total Fair Value | 165,367 | 151,618 | ||||
Total Unrealized Losses | 41,247 | 38,620 | ||||
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 442 | $ 449 | $ 511 | $ 458 |
Provision for credit losses - benefit | 60 | (16) | (9) | (25) |
Net recoveries | 47 | 0 | 47 | 0 |
Ending Balance | 549 | 433 | 549 | 433 |
Residential MBS [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 116 | |||
Ending Balance | 163 | 163 | ||
Residential MBS [Member] | Private label [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 116 | 83 | 116 | 83 |
Provision for credit losses - benefit | 0 | 0 | 0 | 0 |
Net recoveries | 47 | 0 | 47 | 0 |
Ending Balance | 163 | 83 | 163 | 83 |
Puerto Rico government obligations [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 326 | 366 | 395 | 375 |
Provision for credit losses - benefit | 60 | (16) | (9) | (25) |
Net recoveries | 0 | 0 | 0 | 0 |
Ending Balance | $ 386 | $ 350 | $ 386 | $ 350 |
DEBT SECURITIES - Investment _2
DEBT SECURITIES - Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 344,435 | $ 354,178 | ||||
Held to Maturity Gross Unrecognized gains | 4,715 | 4,811 | ||||
Held to Maturity Gross Unrecognized losses | 15,460 | 12,857 | ||||
Held to Maturity Fair value | 333,690 | 346,132 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 1,267 | $ 2,197 | ||||
Held to Maturity Weighted-average yield | 4.86% | 4.84% | ||||
Interest receivable | $ 77,895 | $ 77,716 | ||||
Held-to-maturity Securities [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Interest receivable | 4,800 | 4,800 | ||||
Municipal Bonds [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Due Withing One Year | 3,178 | 3,165 | ||||
Held to Maturity Gross Unrecognized gain Due Within One Year | 0 | 8 | ||||
Held to Maturity Gross Unrecognized losses Due Within One Year | 18 | 38 | ||||
Held to Maturity Fair value Due Within One Year | 3,160 | 3,135 | ||||
Allowance for credit losses Due within one year | $ 37 | $ 50 | ||||
Held to Maturity Weighted-average yield Due withing One Year | 9.30% | 9.30% | ||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 51,424 | $ 51,230 | ||||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 972 | 994 | ||||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 620 | 710 | ||||
Held to Maturity Fair value After 1 to 5 years | 51,776 | 51,514 | ||||
Allowance for credit losses After 1 to 5 years | $ 468 | $ 1,266 | ||||
Held to Maturity Weighted-average yield After 1 to 5 years | 7.72% | 7.78% | ||||
Held to Maturity Amortized Cost After 5 to 10 years | $ 36,253 | $ 36,050 | ||||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 3,393 | 3,540 | ||||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 201 | 210 | ||||
Held to Maturity Fair value After 5 to 10 years | 39,445 | 39,380 | ||||
Allowance for credit losses After 5 to 10 years | $ 451 | $ 604 | ||||
Held to Maturity Weighted-average yield After 5 to 10 years | 7.03% | 7.13% | ||||
Held to Maturity Amortized Cost After 10 years | $ 16,595 | $ 16,595 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 350 | 269 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 0 | 0 | ||||
Held to Maturity Fair value After 10 years | 16,945 | 16,864 | ||||
Allowance for credit losses After 10 years | $ 311 | $ 277 | ||||
Held to Maturity Weighted-average yield After 10 years | 8.78% | 8.87% | ||||
Held To Maturity Securities Amortized | $ 107,450 | $ 107,040 | ||||
Held to Maturity Gross Unrecognized gains | 4,715 | 4,811 | ||||
Held to Maturity Gross Unrecognized losses | 839 | 958 | ||||
Held to Maturity Fair value | 111,326 | 110,893 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 1,267 | $ 1,235 | $ 2,197 | $ 8,401 | $ 7,646 | $ 8,286 |
Held to Maturity Weighted-average yield | 7.70% | 7.78% | ||||
Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 138,615 | $ 146,468 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 8,242 | 5,819 | ||||
Held to Maturity Fair value | 130,373 | 140,649 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.86% | 3.84% | ||||
Commercial MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 9,352 | $ 9,444 | ||||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 301 | 297 | ||||
Held to Maturity Fair value After 1 to 5 years | 9,051 | 9,147 | ||||
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 | $ 89,018 | $ 91,226 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 6,078 | 5,783 | ||||
Held to Maturity Fair value After 10 years | 82,940 | 85,443 | ||||
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 | $ 98,370 | $ 100,670 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 6,379 | 6,080 | ||||
Held to Maturity Fair value | 91,991 | 94,590 | ||||
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 | $ 236,985 | $ 247,138 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 14,621 | 11,899 | ||||
Held to Maturity Fair value | 222,364 | 235,239 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.58% | 3.57% | ||||
Unisured Portion Of Government Deposits [Member] | Asset Pledged as Collateral [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held To Maturity Securities Amortized | $ 189,700 | $ 126,600 | ||||
Held to Maturity Fair value | 184,400 | 125,900 | ||||
FHLMC [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 5 to 10 years | 14,243 | 16,469 | ||||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 578 | 556 | ||||
Held to Maturity Fair value After 5 to 10 years | 13,665 | 15,913 | ||||
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 | $ 17,879 | $ 18,324 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 1,146 | 714 | ||||
Held to Maturity Fair value After 10 years | 16,733 | 17,610 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 4.35% | 4.32% | ||||
Held To Maturity Securities Amortized | $ 32,122 | $ 34,793 | ||||
Held to Maturity Gross Unrecognized gains | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses | 1,724 | 1,270 | ||||
Held to Maturity Fair value | 30,398 | 33,523 | ||||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield | 3.76% | 3.71% | ||||
GNMA [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 10 years | $ 15,047 | $ 16,265 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 951 | 789 | ||||
Held to Maturity Fair value After 10 years | 14,096 | 15,476 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 3.30% | 3.32% | ||||
FNMA [Member] | Residential MBS [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Amortized Cost After 10 years | $ 64,591 | $ 67,271 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 3,927 | 2,486 | ||||
Held to Maturity Fair value After 10 years | 60,664 | 64,785 | ||||
Allowance for credit losses After 10 years | $ 0 | $ 0 | ||||
Held to Maturity Weighted-average yield After 10 years | 4.19% | 4.18% | ||||
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 | $ 26,855 | $ 28,139 | ||||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 years | 1,640 | 1,274 | ||||
Held to Maturity Fair value After 10 years | 25,215 | 26,865 | ||||
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 | Jun. 30, 2024 | Dec. 31, 2023 |
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 | 248,511 | 269,921 |
HTM Unrealized Losses 12 months or more | 15,460 | 12,857 |
HTM Fair Value | 248,511 | 269,921 |
HTM Unrealized Losses | 15,460 | 12,857 |
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 | 26,147 | 34,682 |
HTM Unrealized Losses 12 months or more | 839 | 958 |
HTM Fair Value | 26,147 | 34,682 |
HTM Unrealized Losses | 839 | 958 |
Commercial MBS [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 | 91,991 | 94,590 |
HTM Unrealized Losses 12 months or more | 6,379 | 6,080 |
HTM Fair Value | 91,991 | 94,590 |
HTM Unrealized Losses | 6,379 | 6,080 |
FHLMC [Member] | Residential MBS [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 | 30,398 | 33,523 |
HTM Unrealized Losses 12 months or more | 1,724 | 1,270 |
HTM Fair Value | 30,398 | 33,523 |
HTM Unrealized Losses | 1,724 | 1,270 |
GNMA [Member] | Residential MBS [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 | 14,096 | 15,476 |
HTM Unrealized Losses 12 months or more | 951 | 789 |
HTM Fair Value | 14,096 | 15,476 |
HTM Unrealized Losses | 951 | 789 |
FNMA [Member] | Residential MBS [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 | 60,664 | 64,785 |
HTM Unrealized Losses 12 months or more | 3,927 | 2,486 |
HTM Fair Value | 60,664 | 64,785 |
HTM Unrealized Losses | 3,927 | 2,486 |
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 | 0 |
HTM Unrealized Losses Less than 12 months | 0 | 0 |
HTM Fair Value 12 months or more | 25,215 | 26,865 |
HTM Unrealized Losses 12 months or more | 1,640 | 1,274 |
HTM Fair Value | 25,215 | 26,865 |
HTM Unrealized Losses | $ 1,640 | $ 1,274 |
DEBT SECURITIES - ACL on Debt S
DEBT SECURITIES - ACL on Debt Securities Held-To-Maturity (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 2,197 | |||
Ending Balance | $ 1,267 | 1,267 | ||
Municipal Bonds [Member] | ||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 1,235 | $ 7,646 | 2,197 | $ 8,286 |
Provision for credit losses - (benefit) expense | 32 | 755 | (930) | 115 |
Ending Balance | $ 1,267 | $ 8,401 | $ 1,267 | $ 8,401 |
LOANS HELD FOR INVESTMENT - Loa
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | $ 12,385,508 | $ 12,185,483 | ||||
ACL for loans and finance leases | (254,532) | $ (263,592) | (261,843) | $ (267,058) | $ (265,567) | $ (260,464) |
Loans held for investment, net | 12,130,976 | 11,923,640 | ||||
Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 10,264,710 | 10,163,222 | ||||
Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,120,798 | 2,022,261 | ||||
Residential Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,809,666 | 2,821,726 | ||||
ACL for loans and finance leases | (46,051) | (56,689) | (57,397) | (60,514) | (64,403) | (62,760) |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,324,302 | 2,356,006 | ||||
Residential Portfolio Segment [Member] | Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 485,364 | 465,720 | ||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 185,957 | 214,777 | ||||
ACL for loans and finance leases | (5,646) | (6,186) | (5,605) | (4,804) | (3,231) | (2,308) |
Commercial Portfolio Segment [Member] | Construction loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 163,774 | 115,401 | ||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 22,183 | 99,376 | ||||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,423,309 | 2,317,083 | ||||
ACL for loans and finance leases | (30,078) | (32,661) | (32,631) | (42,427) | (36,460) | (35,064) |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 1,760,760 | 1,790,637 | ||||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 662,549 | 526,446 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 3,254,577 | 3,174,232 | ||||
ACL for loans and finance leases | (34,448) | (34,490) | (33,190) | (28,014) | (31,235) | (32,906) |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member} | Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,311,945 | 2,249,408 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member} | Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 942,632 | 924,824 | ||||
Consumer Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 3,711,999 | 3,657,665 | ||||
ACL for loans and finance leases | (138,309) | $ (133,566) | (133,020) | $ (131,299) | $ (130,238) | $ (127,426) |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 3,703,929 | 3,651,770 | ||||
Consumer Portfolio Segment [Member] | Florida region [Member} | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | $ 8,070 | $ 5,895 |
LOANS HELD FOR INVESTMENT - L_2
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | $ 12,385,508 | $ 12,185,483 |
Unaccreted fair value net purchase discounts | 22,900 | 24,700 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | 3,254,577 | 3,174,232 |
Commercial Portfolio Segment [Member] | Commercial loans secured by real estate [Member] | Commercial And Industrial Sector [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | $ 785,500 | $ 787,500 |
LOANS HELD FOR INVESTMENT - Cor
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 12,385,508 | $ 12,185,483 |
Nonaccrual Loans with No ACL | 11,304 | 6,953 |
Loans Past Due 90 days or more and Still Accruing | 47,173 | 59,452 |
Financing Receivable, Nonaccrual | 96,173 | 83,707 |
Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 12,094,754 | 11,891,511 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 92,364 | 89,185 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 55,044 | 61,628 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,809,666 | 2,821,726 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,713,523 | 2,721,490 |
Nonaccrual Loans with No ACL | 1,453 | 1,742 |
Loans Past Due 90 days or more and Still Accruing | 8,602 | 11,029 |
Financing Receivable, Nonaccrual | 31,396 | 32,239 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,644,019 | 2,644,344 |
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 | 29,506 | 33,878 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 96,143 | 100,236 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 22,911 | 29,312 |
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 | 70,479 | 68,332 |
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 | 2,753 | 2,592 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 185,957 | 214,777 |
Nonaccrual Loans with No ACL | 971 | 972 |
Loans Past Due 90 days or more and Still Accruing | 0 | 2,297 |
Financing Receivable, Nonaccrual | 4,742 | 1,569 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 181,215 | 210,911 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,423,309 | 2,317,083 |
Nonaccrual Loans with No ACL | 6,795 | 2,536 |
Loans Past Due 90 days or more and Still Accruing | 1,189 | 1,108 |
Financing Receivable, Nonaccrual | 11,736 | 12,205 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,409,272 | 2,303,753 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,047 | 17 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 65 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,254,577 | 3,174,232 |
Nonaccrual Loans with No ACL | 1,580 | 1,687 |
Loans Past Due 90 days or more and Still Accruing | 7,296 | 8,455 |
Financing Receivable, Nonaccrual | 27,661 | 15,250 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,217,351 | 3,148,254 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,157 | 1,130 |
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 | 1,112 | 1,143 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,711,999 | 3,657,665 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,982,023 | 1,936,256 |
Nonaccrual Loans with No ACL | 368 | 4 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 14,669 | 15,568 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,895,003 | 1,846,652 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 60,591 | 60,283 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 11,760 | 13,753 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 880,312 | 856,815 |
Nonaccrual Loans with No ACL | 137 | 12 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 2,577 | 3,287 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 861,235 | 837,881 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 14,271 | 13,786 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,229 | 1,861 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 377,965 | 381,275 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,999 | 1,841 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 367,140 | 370,746 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 6,183 | 5,873 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,643 | 2,815 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 320,319 | 329,212 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 7,175 | 7,251 |
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 | 304,688 | 313,360 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 5,275 | 5,012 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,181 | 3,589 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 151,380 | 154,107 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,393 | 1,748 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 144,352 | 147,278 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,840 | 3,084 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 1,795 | $ 1,997 |
LOANS HELD FOR INVESTMENT - C_2
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | $ 11,304,000 | $ 6,953,000 |
Loans Past Due 90 days or more and Still Accruing | 47,173,000 | 59,452,000 |
Nonaccrual | 96,173,000 | 83,707,000 |
Loans held for investment | 12,385,508,000 | 12,185,483,000 |
PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 7,400,000 | 8,300,000 |
Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 0 | 0 |
Nonaccrual | 8,100,000 | 8,000,000 |
Loans held for investment | 2,120,798,000 | 2,022,261,000 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 92,364,000 | 89,185,000 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,809,666,000 | 2,821,726,000 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,778,270,000 | 2,789,487,000 |
Residential Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 485,364,000 | 465,720,000 |
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 477,309,000 | 458,493,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 1,453,000 | 1,742,000 |
Loans Past Due 90 days or more and Still Accruing | 8,602,000 | 11,029,000 |
Nonaccrual | 31,396,000 | 32,239,000 |
Loans held for investment | 2,713,523,000 | 2,721,490,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,682,127,000 | 2,689,251,000 |
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 | 6,500,000 | 7,400,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 484,672,000 | 464,777,000 |
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 | 476,617,000 | 457,550,000 |
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 | 67,700,000 | 69,900,000 |
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 | 22,911,000 | 29,312,000 |
Nonaccrual | 0 | 0 |
Loans held for investment | 96,143,000 | 100,236,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 96,143,000 | 100,236,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 692,000 | 943,000 |
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 | 692,000 | 943,000 |
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 | 7,800,000 | 8,200,000 |
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 | 6,800,000 | 7,900,000 |
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 | 11,000,000 | 15,400,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 971,000 | 972,000 |
Loans Past Due 90 days or more and Still Accruing | 0 | 2,297,000 |
Nonaccrual | 4,742,000 | 1,569,000 |
Loans held for investment | 185,957,000 | 214,777,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 22,183,000 | 99,376,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 1,580,000 | 1,687,000 |
Loans Past Due 90 days or more and Still Accruing | 7,296,000 | 8,455,000 |
Nonaccrual | 27,661,000 | 15,250,000 |
Loans held for investment | 3,254,577,000 | 3,174,232,000 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 942,632,000 | 924,824,000 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,157,000 | 1,130,000 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Nonaccrual Loans with No ACL | 6,795,000 | 2,536,000 |
Loans Past Due 90 days or more and Still Accruing | 1,189,000 | 1,108,000 |
Nonaccrual | 11,736,000 | 12,205,000 |
Loans held for investment | 2,423,309,000 | 2,317,083,000 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 900,000 | 900,000 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 662,549,000 | 526,446,000 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,047,000 | 17,000 |
Commercial Portfolio Segment [Member] | 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 | $ 1,200,000 | $ 1,100,000 |
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 | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 12,385,508 | $ 12,385,508 | $ 12,185,483 | ||
Charge-offs | 26,414 | $ 24,084 | 55,753 | $ 42,001 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 10,264,710 | 10,264,710 | 10,163,222 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,120,798 | 2,120,798 | 2,022,261 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 12,967 | 12,967 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 94,837 | 94,837 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 44,429 | 44,429 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,514 | 10,514 | |||
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 | 5,584 | 5,584 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 17,626 | 17,626 | |||
Loans held for investment | 185,957 | 185,957 | 214,777 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Charge-offs | 0 | 38 | 0 | 38 | |
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 | 12,154 | 12,154 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 91,859 | 91,859 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 44,429 | 44,429 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 9,748 | 9,748 | |||
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 | 5,584 | 5,584 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 163,774 | 163,774 | 115,401 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Charge-offs | 0 | ||||
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 | 813 | 813 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,978 | 2,978 | |||
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 | 766 | 766 | |||
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 | 17,626 | 17,626 | |||
Loans held for investment | 22,183 | 22,183 | 99,376 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 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 | 12,967 | 12,967 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 91,956 | 91,956 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 41,129 | 41,129 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,514 | 10,514 | |||
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 | 3,655 | 3,655 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 17,626 | 17,626 | |||
Loans held for investment | 177,847 | 177,847 | 212,546 | ||
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 | 12,154 | 12,154 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 88,978 | 88,978 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 41,129 | 41,129 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 9,748 | 9,748 | |||
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 | 3,655 | 3,655 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 155,664 | 155,664 | 113,170 | ||
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 | 813 | 813 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,978 | 2,978 | |||
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 | 766 | 766 | |||
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 | 17,626 | 17,626 | |||
Loans held for investment | 22,183 | 22,183 | 99,376 | ||
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 | 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] | 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 | 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] | 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 | 2,881 | 2,881 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,300 | 3,300 | |||
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 | 1,929 | 1,929 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 8,110 | 8,110 | 2,231 | ||
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 | 2,881 | 2,881 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,300 | 3,300 | |||
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 | 1,929 | 1,929 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 8,110 | 8,110 | 2,231 | ||
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 | ||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 146,786 | 146,786 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 205,235 | 205,235 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 620,043 | 620,043 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 246,385 | 246,385 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 383,949 | 383,949 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 793,201 | 793,201 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 27,710 | 27,710 | |||
Loans held for investment | 2,423,309 | 2,423,309 | 2,317,083 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Charge-offs | 0 | 88 | 0 | 106 | |
Commercial Portfolio Segment [Member] | 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 | 99,566 | 99,566 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 176,347 | 176,347 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 380,283 | 380,283 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 140,689 | 140,689 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 343,684 | 343,684 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 614,551 | 614,551 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 5,640 | 5,640 | |||
Loans held for investment | 1,760,760 | 1,760,760 | 1,790,637 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Charge-offs | 0 | ||||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 47,220 | 47,220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 28,888 | 28,888 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 239,760 | 239,760 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 105,696 | 105,696 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 40,265 | 40,265 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 178,650 | 178,650 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 22,070 | 22,070 | |||
Loans held for investment | 662,549 | 662,549 | 526,446 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Charge-offs | 0 | ||||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Pass [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 146,786 | 146,786 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 201,477 | 201,477 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 603,342 | 603,342 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 246,385 | 246,385 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 352,788 | 352,788 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 652,462 | 652,462 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 27,710 | 27,710 | |||
Loans held for investment | 2,230,950 | 2,230,950 | 2,143,857 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 99,566 | 99,566 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 172,589 | 172,589 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 375,881 | 375,881 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 140,689 | 140,689 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 313,516 | 313,516 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 473,812 | 473,812 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 5,640 | 5,640 | |||
Loans held for investment | 1,581,693 | 1,581,693 | 1,618,404 | ||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Pass [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 47,220 | 47,220 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 28,888 | 28,888 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 227,461 | 227,461 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 105,696 | 105,696 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 39,272 | 39,272 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 178,650 | 178,650 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 22,070 | 22,070 | |||
Loans held for investment | 649,257 | 649,257 | 525,453 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 3,758 | 3,758 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 16,583 | 16,583 | |||
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 | 30,168 | 30,168 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 110,922 | 110,922 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 161,431 | 161,431 | 146,626 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 3,758 | 3,758 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 4,284 | 4,284 | |||
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 | 30,168 | 30,168 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 110,922 | 110,922 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 149,132 | 149,132 | 146,626 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 12,299 | 12,299 | |||
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 | 12,299 | 12,299 | 0 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 118 | 118 | |||
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 | 993 | 993 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 29,817 | 29,817 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 30,928 | 30,928 | 26,600 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 118 | 118 | |||
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 | 29,817 | 29,817 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 29,935 | 29,935 | 25,607 | ||
Commercial Portfolio Segment [Member] | Mortgage 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 | 993 | 993 | |||
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 | 993 | 993 | 993 | ||
Commercial Portfolio Segment [Member] | Mortgage 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] | Mortgage 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] | Mortgage 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] | Mortgage 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] | Mortgage 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] | Mortgage 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 | ||
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 | 212,185 | 212,185 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 567,883 | 567,883 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 514,966 | 514,966 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 315,431 | 315,431 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 190,323 | 190,323 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 457,714 | 457,714 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 996,075 | 996,075 | |||
Loans held for investment | 3,254,577 | 3,254,577 | 3,174,232 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 304 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 48 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 439 | ||||
Charge-offs | 332 | $ 6,350 | 791 | $ 6,468 | |
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 | 88,153 | 88,153 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 420,122 | 420,122 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 288,105 | 288,105 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 155,759 | 155,759 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 151,158 | 151,158 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 366,260 | 366,260 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 842,388 | 842,388 | |||
Loans held for investment | 2,311,945 | 2,311,945 | 2,249,408 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 304 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 180 | ||||
Charge-offs | 484 | ||||
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 | 124,032 | 124,032 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 147,761 | 147,761 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 226,861 | 226,861 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 159,672 | 159,672 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 39,165 | 39,165 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 91,454 | 91,454 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 153,687 | 153,687 | |||
Loans held for investment | 942,632 | 942,632 | 924,824 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 48 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 259 | ||||
Charge-offs | 307 | ||||
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 | 211,989 | 211,989 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 565,416 | 565,416 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 514,966 | 514,966 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 300,909 | 300,909 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 189,761 | 189,761 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 416,935 | 416,935 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 957,710 | 957,710 | |||
Loans held for investment | 3,157,686 | 3,157,686 | 3,053,134 | ||
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 | 87,957 | 87,957 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 417,655 | 417,655 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 288,105 | 288,105 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 141,237 | 141,237 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 150,596 | 150,596 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 336,955 | 336,955 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 804,023 | 804,023 | |||
Loans held for investment | 2,226,528 | 2,226,528 | 2,173,939 | ||
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 | 124,032 | 124,032 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 147,761 | 147,761 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 226,861 | 226,861 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 159,672 | 159,672 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 39,165 | 39,165 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 79,980 | 79,980 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 153,687 | 153,687 | |||
Loans held for investment | 931,158 | 931,158 | 879,195 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,466 | 2,466 | |||
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 | 538 | 538 | |||
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 | 12,117 | 12,117 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 33,981 | 33,981 | |||
Loans held for investment | 49,102 | 49,102 | 82,422 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,466 | 2,466 | |||
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 | 538 | 538 | |||
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 | 643 | 643 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 33,981 | 33,981 | |||
Loans held for investment | 37,628 | 37,628 | 40,376 | ||
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 | 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 | 11,474 | 11,474 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 11,474 | 11,474 | 42,046 | ||
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 | 196 | 196 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1 | 1 | |||
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 | 13,984 | 13,984 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 562 | 562 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 28,662 | 28,662 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 4,384 | 4,384 | |||
Loans held for investment | 47,789 | 47,789 | 38,676 | ||
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 | 196 | 196 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1 | 1 | |||
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 | 13,984 | 13,984 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 562 | 562 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 28,662 | 28,662 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 4,384 | 4,384 | |||
Loans held for investment | 47,789 | 47,789 | 35,093 | ||
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 | 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 | 3,583 | ||
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 | 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] | 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 | 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] | |||||
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 |
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 | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 12,385,508 | $ 12,385,508 | $ 12,185,483 | ||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 26,414 | $ 24,084 | 55,753 | $ 42,001 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 10,264,710 | 10,264,710 | 10,163,222 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,120,798 | 2,120,798 | 2,022,261 | ||
Residential Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 125,348 | 125,348 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 257,763 | 257,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 235,093 | 235,093 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 110,118 | 110,118 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 57,107 | 57,107 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,024,237 | 2,024,237 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,809,666 | 2,809,666 | 2,821,726 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 9 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 998 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 491 | $ 1,146 | 1,007 | $ 2,129 | |
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 | 125,348 | 125,348 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 257,763 | 257,763 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 234,777 | 234,777 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 110,118 | 110,118 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 57,107 | 57,107 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,993,157 | 1,993,157 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,778,270 | 2,778,270 | 2,789,487 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 316 | 316 | |||
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 | 31,080 | 31,080 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 31,396 | 31,396 | 32,239 | ||
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 | 79,507 | 79,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,591 | 169,591 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 159,142 | 159,142 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 67,117 | 67,117 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,912 | 28,912 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,820,033 | 1,820,033 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,324,302 | 2,324,302 | 2,356,006 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 9 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 998 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 1,007 | ||||
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 | 79,507 | 79,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,591 | 169,591 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 159,074 | 159,074 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 67,117 | 67,117 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,912 | 28,912 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,796,760 | 1,796,760 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,300,961 | 2,300,961 | 2,330,994 | ||
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 | 68 | 68 | |||
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 | 23,273 | 23,273 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 23,341 | 23,341 | 25,012 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 45,841 | 45,841 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 88,172 | 88,172 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 75,951 | 75,951 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,001 | 43,001 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,195 | 28,195 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 204,204 | 204,204 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 485,364 | 485,364 | 465,720 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 0 | ||||
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 45,841 | 45,841 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 88,172 | 88,172 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 75,703 | 75,703 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,001 | 43,001 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,195 | 28,195 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 196,397 | 196,397 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 477,309 | 477,309 | 458,493 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 248 | 248 | |||
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 | 7,807 | 7,807 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 8,055 | 8,055 | 7,227 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 472 | 472 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 892 | 892 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,165 | 1,165 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 515 | 515 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 93,099 | 93,099 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 96,143 | 96,143 | 100,236 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 472 | 472 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 892 | 892 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,165 | 1,165 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 515 | 515 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 93,099 | 93,099 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 96,143 | 96,143 | 100,236 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 472 | 472 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 892 | 892 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,165 | 1,165 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 515 | 515 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 92,407 | 92,407 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 95,451 | 95,451 | 99,293 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 472 | 472 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 892 | 892 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 1,165 | 1,165 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 515 | 515 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 92,407 | 92,407 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 95,451 | 95,451 | 99,293 | ||
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 | 692 | 692 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 692 | 692 | 943 | ||
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 | 692 | 692 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 692 | 692 | 943 | ||
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 | 125,348 | 125,348 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 257,291 | 257,291 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 234,201 | 234,201 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 108,953 | 108,953 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 56,592 | 56,592 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,931,138 | 1,931,138 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,713,523 | 2,713,523 | 2,721,490 | ||
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 | 125,348 | 125,348 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 257,291 | 257,291 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 233,885 | 233,885 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 108,953 | 108,953 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 56,592 | 56,592 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,900,058 | 1,900,058 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,682,127 | 2,682,127 | 2,689,251 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 316 | 316 | |||
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 | 31,080 | 31,080 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 31,396 | 31,396 | 32,239 | ||
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 | 79,507 | 79,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,119 | 169,119 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 158,250 | 158,250 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 65,952 | 65,952 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,397 | 28,397 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,727,626 | 1,727,626 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,228,851 | 2,228,851 | 2,256,713 | ||
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 | 79,507 | 79,507 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 169,119 | 169,119 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 158,182 | 158,182 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 65,952 | 65,952 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,397 | 28,397 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,704,353 | 1,704,353 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,205,510 | 2,205,510 | 2,231,701 | ||
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 | 68 | 68 | |||
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 | 23,273 | 23,273 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 23,341 | 23,341 | 25,012 | ||
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 | 45,841 | 45,841 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 88,172 | 88,172 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 75,951 | 75,951 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,001 | 43,001 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,195 | 28,195 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 203,512 | 203,512 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 484,672 | 484,672 | 464,777 | ||
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 | 45,841 | 45,841 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 88,172 | 88,172 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 75,703 | 75,703 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,001 | 43,001 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,195 | 28,195 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 195,705 | 195,705 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 476,617 | 476,617 | 457,550 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 248 | 248 | |||
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 | 7,807 | 7,807 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | $ 8,055 | $ 8,055 | $ 7,227 |
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 | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | $ 12,385,508 | $ 12,385,508 | $ 12,185,483 | ||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 26,414 | $ 24,084 | 55,753 | $ 42,001 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 10,264,710 | 10,264,710 | 10,163,222 | ||
Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Loans held for investment | 2,120,798 | 2,120,798 | 2,022,261 | ||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 570,577 | 570,577 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,062,542 | 1,062,542 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 809,415 | 809,415 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 493,846 | 493,846 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 218,688 | 218,688 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 224,754 | 224,754 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 332,177 | 332,177 | |||
Loans held for investment | 3,711,999 | 3,711,999 | 3,657,665 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 235 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 14,657 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 15,162 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 5,415 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 1,697 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 4,038 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 12,751 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 25,591 | $ 16,462 | 53,955 | $ 33,260 | |
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 | 570,213 | 570,213 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,057,297 | 1,057,297 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 804,239 | 804,239 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 490,258 | 490,258 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 217,162 | 217,162 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 220,170 | 220,170 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 332,022 | 332,022 | |||
Loans held for investment | 3,691,361 | 3,691,361 | 3,635,221 | ||
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 | 364 | 364 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 5,245 | 5,245 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 5,176 | 5,176 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 3,588 | 3,588 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,526 | 1,526 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,584 | 4,584 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 155 | 155 | |||
Loans held for investment | 20,638 | 20,638 | 22,444 | ||
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 | 567,570 | 567,570 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,062,440 | 1,062,440 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 809,369 | 809,369 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 493,556 | 493,556 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 218,367 | 218,367 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 222,171 | 222,171 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 330,456 | 330,456 | |||
Loans held for investment | 3,703,929 | 3,703,929 | 3,651,770 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 235 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 14,657 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 15,162 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 5,415 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 1,697 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 3,972 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 12,751 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 53,889 | ||||
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 | 567,206 | 567,206 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,057,195 | 1,057,195 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 804,193 | 804,193 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 489,968 | 489,968 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 216,841 | 216,841 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 217,608 | 217,608 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 330,316 | 330,316 | |||
Loans held for investment | 3,683,327 | 3,683,327 | 3,629,397 | ||
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 | 364 | 364 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 5,245 | 5,245 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 5,176 | 5,176 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 3,588 | 3,588 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,526 | 1,526 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,563 | 4,563 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 140 | 140 | |||
Loans held for investment | 20,602 | 20,602 | 22,373 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 3,007 | 3,007 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 102 | 102 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 46 | 46 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 290 | 290 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 321 | 321 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,583 | 2,583 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,721 | 1,721 | |||
Loans held for investment | 8,070 | 8,070 | 5,895 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 66 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 66 | ||||
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 | 3,007 | 3,007 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 102 | 102 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 46 | 46 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 290 | 290 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 321 | 321 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,562 | 2,562 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,706 | 1,706 | |||
Loans held for investment | 8,034 | 8,034 | 5,824 | ||
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 | 21 | 21 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 15 | 15 | |||
Loans held for investment | 36 | 36 | 71 | ||
Consumer Portfolio Segment [Member] | Auto loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 324,925 | 324,925 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 571,973 | 571,973 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 468,949 | 468,949 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 328,915 | 328,915 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 147,136 | 147,136 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 140,125 | 140,125 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,982,023 | 1,982,023 | 1,936,256 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 105 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 4,897 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 5,248 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 2,891 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 922 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 2,030 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 16,093 | ||||
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 | 324,653 | 324,653 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 568,467 | 568,467 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 465,596 | 465,596 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 326,080 | 326,080 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 145,856 | 145,856 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 136,702 | 136,702 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,967,354 | 1,967,354 | 1,920,688 | ||
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 | 272 | 272 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,506 | 3,506 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,353 | 3,353 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,835 | 2,835 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,280 | 1,280 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,423 | 3,423 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 14,669 | 14,669 | 15,568 | ||
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 | 324,925 | 324,925 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 571,973 | 571,973 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 468,949 | 468,949 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 328,915 | 328,915 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 147,136 | 147,136 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 139,626 | 139,626 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,981,524 | 1,981,524 | 1,935,139 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 105 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 4,897 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 5,248 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 2,891 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 922 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,964 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 16,027 | ||||
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 | 324,653 | 324,653 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 568,467 | 568,467 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 465,596 | 465,596 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 326,080 | 326,080 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 145,856 | 145,856 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 136,207 | 136,207 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,966,859 | 1,966,859 | 1,919,583 | ||
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 | 272 | 272 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,506 | 3,506 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 3,353 | 3,353 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,835 | 2,835 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,280 | 1,280 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 3,419 | 3,419 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 14,665 | 14,665 | 15,556 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 499 | 499 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 499 | 499 | 1,117 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 66 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 66 | ||||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 495 | 495 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 495 | 495 | 1,105 | ||
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 | 4 | 4 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 4 | 4 | 12 | ||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 130,114 | 130,114 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 290,790 | 290,790 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 221,939 | 221,939 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 133,426 | 133,426 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 54,713 | 54,713 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 49,330 | 49,330 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 880,312 | 880,312 | 856,815 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 1 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,053 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 1,841 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 742 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 217 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 672 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 4,526 | ||||
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 | 130,114 | 130,114 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 290,290 | 290,290 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 221,226 | 221,226 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 132,985 | 132,985 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 54,545 | 54,545 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 48,575 | 48,575 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 877,735 | 877,735 | 853,528 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 500 | 500 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 713 | 713 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 441 | 441 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 168 | 168 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 755 | 755 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,577 | 2,577 | 3,287 | ||
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 | 130,114 | 130,114 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 290,790 | 290,790 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 221,939 | 221,939 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 133,426 | 133,426 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 54,713 | 54,713 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 49,330 | 49,330 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 880,312 | 880,312 | 856,815 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 1 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,053 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 1,841 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 742 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 217 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 672 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 4,526 | ||||
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 | 130,114 | 130,114 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 290,290 | 290,290 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 221,226 | 221,226 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 132,985 | 132,985 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 54,545 | 54,545 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 48,575 | 48,575 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 877,735 | 877,735 | 853,528 | ||
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 | 0 | 0 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 500 | 500 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 713 | 713 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 441 | 441 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 168 | 168 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 755 | 755 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 2,577 | 2,577 | 3,287 | ||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 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 | 75,839 | 75,839 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 143,794 | 143,794 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 94,983 | 94,983 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 24,123 | 24,123 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 12,002 | 12,002 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 27,224 | 27,224 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 377,965 | 377,965 | 381,275 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 31 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3,668 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 5,253 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 1,099 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 388 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,078 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 11,517 | ||||
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 | 75,798 | 75,798 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 143,113 | 143,113 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 94,185 | 94,185 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 23,904 | 23,904 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 11,961 | 11,961 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 27,005 | 27,005 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 375,966 | 375,966 | 379,434 | ||
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 | 41 | 41 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 681 | 681 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 798 | 798 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 41 | 41 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,999 | 1,999 | 1,841 | ||
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 | 73,379 | 73,379 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 143,745 | 143,745 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 94,983 | 94,983 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 24,052 | 24,052 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 12,002 | 12,002 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 27,224 | 27,224 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 375,385 | 375,385 | 381,002 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 31 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 3,668 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 5,253 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 1,099 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 388 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 1,078 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 11,517 | ||||
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 | 73,338 | 73,338 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 143,064 | 143,064 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 94,185 | 94,185 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 23,833 | 23,833 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 11,961 | 11,961 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 27,005 | 27,005 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 373,386 | 373,386 | 379,161 | ||
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 | 41 | 41 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 681 | 681 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 798 | 798 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 41 | 41 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 | |||
Loans held for investment | 1,999 | 1,999 | 1,841 | ||
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 | 2,460 | 2,460 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 49 | 49 | |||
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 | 71 | 71 | |||
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 | 2,580 | 2,580 | 273 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 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 | 2,460 | 2,460 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 49 | 49 | |||
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 | 71 | 71 | |||
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 | 2,580 | 2,580 | 273 | ||
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 | 320,319 | 320,319 | |||
Loans held for investment | 320,319 | 320,319 | 329,212 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 12,426 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 12,426 | ||||
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 | 320,319 | 320,319 | |||
Loans held for investment | 320,319 | 320,319 | 329,212 | ||
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 | 320,319 | 320,319 | |||
Loans held for investment | 320,319 | 320,319 | 329,212 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 12,426 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 12,426 | ||||
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 | 320,319 | 320,319 | |||
Loans held for investment | 320,319 | 320,319 | 329,212 | ||
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, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 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 | 39,699 | 39,699 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 55,985 | 55,985 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 23,544 | 23,544 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 7,382 | 7,382 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4,837 | 4,837 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 8,075 | 8,075 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 11,858 | 11,858 | |||
Loans held for investment | 151,380 | 151,380 | 154,107 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 98 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 5,039 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 2,820 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 683 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 170 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 258 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 325 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,393 | ||||
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 | 39,648 | 39,648 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 55,427 | 55,427 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 23,232 | 23,232 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 7,289 | 7,289 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4,800 | 4,800 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 7,888 | 7,888 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 11,703 | 11,703 | |||
Loans held for investment | 149,987 | 149,987 | 152,359 | ||
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 | 51 | 51 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 558 | 558 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 312 | 312 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 93 | 93 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 37 | 37 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 187 | 187 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 155 | 155 | |||
Loans held for investment | 1,393 | 1,393 | 1,748 | ||
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 | 39,152 | 39,152 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 55,932 | 55,932 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 23,498 | 23,498 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 7,163 | 7,163 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4,516 | 4,516 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 5,991 | 5,991 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 10,137 | 10,137 | |||
Loans held for investment | 146,389 | 146,389 | 149,602 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 98 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 5,039 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 2,820 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 683 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 170 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 258 | ||||
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff | 325 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff | 9,393 | ||||
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 | 39,101 | 39,101 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 55,374 | 55,374 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 23,186 | 23,186 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 7,070 | 7,070 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4,479 | 4,479 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 5,821 | 5,821 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 9,997 | 9,997 | |||
Loans held for investment | 145,028 | 145,028 | 147,913 | ||
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 | 51 | 51 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 558 | 558 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 312 | 312 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 93 | 93 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 37 | 37 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 170 | 170 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 140 | 140 | |||
Loans held for investment | 1,361 | 1,361 | 1,689 | ||
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 | 547 | 547 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 53 | 53 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 46 | 46 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 321 | 321 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,084 | 2,084 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,721 | 1,721 | |||
Loans held for investment | 4,991 | 4,991 | 4,505 | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Excluding Accrued Interest, 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 | 547 | 547 | |||
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 53 | 53 | |||
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 46 | 46 | |||
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 219 | 219 | |||
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 321 | 321 | |||
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,067 | 2,067 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 1,706 | 1,706 | |||
Loans held for investment | 4,959 | 4,959 | 4,446 | ||
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 | 17 | 17 | |||
Financing Receivable, Excluding Accrued Interest, Revolving | 15 | 15 | |||
Loans held for investment | $ 32 | $ 32 | $ 59 |
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 | Jun. 30, 2024 | Dec. 31, 2023 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | $ 50,449 | $ 39,350 |
Related Specific Allowance | 4,015 | 3,443 |
Amortized Cost no ACL | 51,282 | 48,419 |
Amortized Cost | 101,731 | 87,769 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 24,449 | 25,355 |
Related Specific Allowance | 1,103 | 1,732 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | 24,449 | 25,355 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 3,300 | 0 |
Related Specific Allowance | 259 | 0 |
Amortized Cost no ACL | 956 | 956 |
Amortized Cost | 4,256 | 956 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 0 | 4,454 |
Related Specific Allowance | 0 | 135 |
Amortized Cost no ACL | 43,708 | 40,683 |
Amortized Cost | 43,708 | 45,137 |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 22,549 | 9,390 |
Related Specific Allowance | 2,642 | 1,563 |
Amortized Cost no ACL | 6,618 | 6,780 |
Amortized Cost | 29,167 | 16,170 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 28 | 28 |
Related Specific Allowance | 1 | 1 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | 28 | 28 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 123 | 123 |
Related Specific Allowance | 10 | 12 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | $ 123 | $ 123 |
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 | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | |
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 118,860 | $ 32,263 | $ 121,365 | $ 34,208 | $ 126,308 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 435 | $ 283 | $ 974 | $ 1,139 | 1,424 |
Percentage of Total by Portfolio Classes | 0.02% | 0.01% | 0.03% | 0.04% | |
Construction loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 0 | $ 0 | $ 0 | $ 0 | 0 |
Percentage of Total by Portfolio Classes | 0% | 0% | 0% | 0% | |
Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 115,981 | $ 30,170 | $ 115,981 | $ 30,170 | 118,190 |
Percentage of Total by Portfolio Classes | 4.79% | 1.30% | 4.79% | 1.30% | |
Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 0 | $ 187 | $ 12 | $ 187 | 186 |
Percentage of Total by Portfolio Classes | 0% | 0.01% | 0% | 0.01% | |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 1,148 | $ 829 | $ 2,397 | $ 1,425 | 3,546 |
Percentage of Total by Portfolio Classes | 0.06% | 0.04% | 0.12% | 0.08% | |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 89 | $ 112 | $ 115 | $ 151 | 284 |
Percentage of Total by Portfolio Classes | 0.02% | 0.03% | 0.03% | 0.04% | |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 890 | $ 486 | $ 1,406 | $ 732 | 2,008 |
Percentage of Total by Portfolio Classes | 0.28% | 0.15% | 0.44% | 0.23% | |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 317 | $ 196 | $ 480 | $ 404 | $ 670 |
Percentage of Total by Portfolio Classes | 0.21% | 0.13% | 0.32% | 0.27% | |
Forbearance [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | $ 0 | $ 0 | $ 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 | 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 | 0 | 0 | |
Forbearance [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Forbearance [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 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 | 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 | 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 | 0 | 0 | |
Payment Plan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 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 | 0 | 0 | |
Payment Plan [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Payment Plan [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 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 | 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 | 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 | 0 | 0 | |
Trial Modification [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 407 | 210 | 869 | 542 | |
Trial Modification [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 407 | 210 | 869 | 542 | |
Trial Modification [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Trial Modification [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Trial Modification [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 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 | 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 | 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 | 0 | 0 | |
Interest Rate [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 890 | 486 | 1,418 | 732 | |
Interest Rate [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Interest Rate [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Interest Rate [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Interest Rate [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 12 | 0 | |
Interest Rate [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Interest Rate [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Interest Rate [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 890 | 486 | 1,406 | 732 | |
Interest Rate [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Term Extension [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 116,305 | 529 | 116,622 | 1,198 | |
Term Extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 25 | 73 | 25 | 503 | |
Term Extension [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Term Extension [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 115,981 | 0 | 115,981 | 0 | |
Term Extension [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 187 | 0 | 187 | |
Term Extension [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 134 | 82 | 300 | 167 | |
Term Extension [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 41 | 13 | 68 | |
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 | 0 | 0 | |
Term Extension [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 165 | 146 | 303 | 273 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 305 | 30,350 | 492 | 30,549 | |
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 | 3 | 0 | 80 | 94 | |
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 | 0 | 0 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 30,170 | 0 | 30,170 | |
Combination Of Interest Rate Reduction And Term Extension [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 81 | 69 | 171 | 103 | |
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 | 89 | 71 | 102 | 83 | |
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 | 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 | 132 | 40 | 139 | 99 | |
Other Loan Modifications [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 953 | 688 | 1,964 | 1,187 | |
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 | 0 | 0 | |
Other Loan Modifications [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Other Loan Modifications [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 0 | 0 | |
Other Loan Modifications [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Loans modified to borrowers experiencing financial difficulty | 0 | 0 | 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 | 933 | 678 | 1,926 | 1,155 | |
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 | 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 | 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 | $ 20 | $ 10 | $ 38 | $ 32 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Weighted-Average Term Extension (in months) | 236 months | 239 months | 236 months | 118 months |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Mortgage loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Weighted-Average Term Extension (in months) | 96 months | 96 months | ||
Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 13% | 0% |
Weighted-Average Term Extension (in months) | 72 years | 72 months | ||
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Weighted-Average Term Extension (in months) | 21 months | 27 months | 26 months | 25 months |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Weighted-Average Term Extension (in months) | 37 months | 25 months | 34 months | |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 17.55% | 16.26% | 17.11% | 16.15% |
Other Loans [Member] | Consumer Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 0% | 0% |
Weighted-Average Term Extension (in months) | 26 months | 28 months | 24 months | 27 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 (%) | 0.50% | 0% | 3.50% | 2.40% |
Weighted-Average Term Extension (in months) | 256 months | 36 months | 157 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% | 0% | 0% |
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Mortgage loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0.25% | 0% | 0.25% |
Weighted-Average Term Extension (in months) | 64 years | 64 months | ||
Combination Of Interest Rate Below Market Reduction And Extended Maturity [Member] | Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivable Modifications [Line Items] | ||||
Weighted-Average Interest Rate Reduction (%) | 0% | 0% | 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 (%) | 3.29% | 3.96% | 2.57% | 3.64% |
Weighted-Average Term Extension (in months) | 28 months | 30 months | 28 months | 30 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 (%) | 2.99% | 5.41% | 3.44% | 5.11% |
Weighted-Average Term Extension (in months) | 19 months | 26 months | 17 months | 24 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% | 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 (%) | 3.34% | 1.87% | 3.31% | 1.92% |
Weighted-Average Term Extension (in months) | 17 months | 22 months | 17 months | 24 months |
LOANS HELD FOR INVESTMENT - Per
LOANS HELD FOR INVESTMENT - Performance of Loans Modified During Period (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | |
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | $ 118,860 | $ 32,263 | $ 121,365 | $ 34,208 | $ 126,308 |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 72 | 298 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 40 | 149 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 166 | |||
Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 112 | 613 | |||
Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 34,096 | 125,695 | |||
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 435 | 283 | 974 | 1,139 | 1,424 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 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 | 0 | |||
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Residential Portfolio Segment [Member] | Conventional Loan [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 1,139 | 1,424 | |||
Construction Loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | 0 | 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 | 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 | 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 | 0 | |||
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Construction Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Mortgage loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 115,981 | 30,170 | 115,981 | 30,170 | 118,190 |
Mortgage 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 | 0 | |||
Mortgage 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 | 0 | |||
Mortgage 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 | 0 | |||
Mortgage loans [Member] | Commercial Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Mortgage loans [Member] | Commercial Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 30,170 | 118,190 | |||
Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 187 | 12 | 187 | 186 |
Commercial and Industrial 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 | 0 | |||
Commercial and Industrial 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 | 0 | |||
Commercial and Industrial 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 | 0 | |||
Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 0 | |||
Commercial and Industrial loans [Member] | Commercial Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 187 | 186 | |||
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 1,148 | 829 | 2,397 | 1,425 | 3,546 |
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 | 10 | 50 | |||
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 | 28 | |||
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 | 145 | |||
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 10 | 223 | |||
Automobile Loan [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 1,415 | 3,323 | |||
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 89 | 112 | 115 | 151 | 284 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 19 | |||
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 | 9 | |||
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 | 0 | |||
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 28 | |||
Personal Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 151 | 256 | |||
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 890 | 486 | 1,406 | 732 | 2,008 |
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 | 40 | 163 | |||
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 | 40 | 77 | |||
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 | 19 | |||
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 80 | 259 | |||
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 652 | 1,749 | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | $ 317 | $ 196 | $ 480 | 404 | 670 |
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 | 22 | 66 | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 35 | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 0 | 2 | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | Total Delinquency [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | 22 | 103 | |||
Other Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member] | |||||
Financing Receivable Modifications [Line Items] | |||||
Financing Receivable Excluding Accrued Interest Modified Period | $ 382 | $ 567 |
LOANS HELD FOR INVESTMENT - F_2
LOANS HELD FOR INVESTMENT - Financing receivables with payment default (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Financing Receivable Modified Subsequent Default [Line Items] | ||||
Financing receivable that had a payment default | $ 200,000 | $ 0 | $ 300,000 | $ 0 |
LOANS HELD FOR INVESTMENT - Add
LOANS HELD FOR INVESTMENT - Additional Information I (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | $ 12,385,508 | $ 12,185,483 |
Asset Pledged as Collateral [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | 5,400,000 | 4,600,000 |
Asset Pledged as Collateral [Member] | Unisured Portion Of Government Deposits [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | 165,400 | 166,900 |
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Borrowings [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | 1,900,000 | 1,800,000 |
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans held for investment | $ 3,200,000 | $ 2,500,000 |
LOANS HELD FOR INVESTMENT - A_2
LOANS HELD FOR INVESTMENT - Additional Information II (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Interest Income Recognized on Nonaccrual Loans | $ 0.3 | $ 0.5 | $ 0.9 | $ 1 |
Residential Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Mortgage loans in process of foreclosure amount | $ 35.1 | 35.1 | ||
Loans foreclosure delinquency threshold | 120 days | |||
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Mortgage loans in process of foreclosure amount | $ 12.8 | 12.8 | ||
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Mortgage loans in process of foreclosure amount | 5.2 | 5.2 | ||
Nonperforming Financial Instruments [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Financing receivable accrued interest writeoff | $ 0.7 | $ 0.5 | $ 1.5 | $ 1.1 |
LOANS HELD FOR INVESTMENT - A_3
LOANS HELD FOR INVESTMENT - Additional Information III (Detail) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Revolving loans converted to term loans | $ 0 | $ 0 |
Interest receivable | 77,895,000 | 77,716,000 |
Loans held for investment | 12,385,508,000 | 12,185,483,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Puerto Rico [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual commercial relationship | 16,500,000 | |
Collateral Pledged [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual commercial relationship | $ 50,449,000 | $ 39,350,000 |
Collateral Pledged [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Puerto Rico [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
LTV Coverage % | 100% | |
Collateral Pledged [Member] | Weighted Average [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
LTV Coverage % | 74% | 65% |
Loans and Finance Receivables [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest receivable | $ 63,100,000 | $ 62,300,000 |
LOANS HELD FOR INVESTMENT - A_4
LOANS HELD FOR INVESTMENT - Additional Information IIII (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | $ 12,385,508,000 | $ 12,385,508,000 | $ 12,185,483,000 | ||
Recoveries | 5,424,000 | $ 4,805,000 | 23,595,000 | $ 9,453,000 | |
Significant sales | 0 | ||||
GNMA [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans pooled amount | 59,900,000 | 66,400,000 | 59,900,000 | 66,400,000 | |
Recognized gain on sale | 2,300,000 | 1,400,000 | |||
United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,120,798,000 | 2,120,798,000 | 2,022,261,000 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 3,254,577,000 | 3,254,577,000 | 3,174,232,000 | ||
Recoveries | 958,000 | 132,000 | 6,077,000 | 222,000 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,423,309,000 | 2,423,309,000 | 2,317,083,000 | ||
Recoveries | 393,000 | 56,000 | 433,000 | 224,000 | |
Commercial Portfolio Segment [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable Significant Purchases | 79,100,000 | ||||
Commercial Portfolio Segment [Member] | United States [Member] | Commercial And Industrial Sector [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable Significant Purchases | 65,400,000 | 28,000,000 | |||
Loans held for investment | 942,632,000 | 942,632,000 | 924,824,000 | ||
Commercial Portfolio Segment [Member] | United States [Member] | Commercial Real Estate [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable Significant Purchases | 13,700,000 | ||||
Loans held for investment | 662,549,000 | 662,549,000 | 526,446,000 | ||
Residential Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,809,666,000 | 2,809,666,000 | 2,821,726,000 | ||
Recoveries | 446,000 | 757,000 | 718,000 | 1,254,000 | |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | Past Due [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing Receivable Significant Purchases | 900,000 | 1,900,000 | |||
Loans held for investment | 6,800,000 | 6,800,000 | 7,900,000 | ||
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 2,778,270,000 | 2,778,270,000 | 2,789,487,000 | ||
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Federal National Mortgage Association Fnma Insured Loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Gain from sale of loans | 300,000 | 600,000 | |||
Loans sold | 15,100,000 | 22,800,000 | |||
Residential Portfolio Segment [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 485,364,000 | 485,364,000 | 465,720,000 | ||
Residential Portfolio Segment [Member] | United States [Member] | Performing Financial Instruments [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 477,309,000 | 477,309,000 | 458,493,000 | ||
Consumer Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 3,711,999,000 | 3,711,999,000 | 3,657,665,000 | ||
Recoveries | 3,613,000 | $ 3,451,000 | 16,343,000 | $ 7,281,000 | |
Consumer Portfolio Segment [Member] | Bulk Sale Of Fully Charged-Off Loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recoveries | 9,500,000 | ||||
Repurchase liability | 500,000 | 500,000 | |||
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 3,691,361,000 | 3,691,361,000 | 3,635,221,000 | ||
Consumer Portfolio Segment [Member] | United States [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | 8,070,000 | 8,070,000 | 5,895,000 | ||
Consumer Portfolio Segment [Member] | United States [Member] | Performing Financial Instruments [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held for investment | $ 8,034,000 | $ 8,034,000 | $ 5,824,000 |
LOANS HELD FOR INVESTMENT - A_5
LOANS HELD FOR INVESTMENT - Additional Information IV (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Dec. 31, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | $ 12,385,508 | $ 12,385,508 | $ 12,385,508 | $ 12,185,483 | ||
Loans modified to borrowers experiencing financial difficulty | 118,860 | $ 32,263 | $ 121,365 | $ 34,208 | 126,308 | |
Puerto Rico [Member] | Product Concentration Risk [Member] | Loans and Finance Receivables [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Credit risk concentration | 80% | |||||
United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,120,798 | $ 2,120,798 | 2,120,798 | 2,022,261 | ||
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 | 3% | |||||
Residential Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 2,809,666 | $ 2,809,666 | 2,809,666 | 2,821,726 | ||
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 96,143 | 96,143 | 96,143 | 100,236 | ||
Loans modified to borrowers experiencing financial difficulty | 2,300 | $ 1,600 | 3,800 | $ 2,500 | ||
Residential Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Puerto Rico Housing Finance Authority [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 74,900 | 74,900 | 74,900 | 77,700 | ||
Residential Portfolio Segment [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 485,364 | 485,364 | 485,364 | 465,720 | ||
Residential Portfolio Segment [Member] | United States [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 692 | 692 | 692 | 943 | ||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 206,200 | 206,200 | 206,200 | 187,700 | ||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Central Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 42,300 | 42,300 | 42,300 | |||
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 | 129,400 | 129,400 | 129,400 | |||
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 | 25,700 | 25,700 | 25,700 | |||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Puerto Rico Electric Power Authority [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | 8,800 | 8,800 | 8,800 | |||
Commercial Portfolio Segment [Member] | V I [Member] | Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans held for investment | $ 105,000 | $ 105,000 | $ 105,000 | $ 90,500 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | $ 263,592 | $ 265,567 | $ 261,843 | $ 260,464 |
Provision for credit losses - (benefit) expense | 11,930 | 20,770 | 24,847 | 37,026 |
Charge-offs | (26,414) | (24,084) | (55,753) | (42,001) |
Recoveries | 5,424 | 4,805 | 23,595 | 9,453 |
Ending balance | 254,532 | 267,058 | 254,532 | 267,058 |
Cumulative Effect, Period of Adoption, Adjustment [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 | 56,689 | 64,403 | 57,397 | 62,760 |
Provision for credit losses - (benefit) expense | (10,593) | (3,500) | (11,057) | (3,427) |
Charge-offs | (491) | (1,146) | (1,007) | (2,129) |
Recoveries | 446 | 757 | 718 | 1,254 |
Ending balance | 46,051 | 60,514 | 46,051 | 60,514 |
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 2,056 | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 6,186 | 3,231 | 5,605 | 2,308 |
Provision for credit losses - (benefit) expense | (554) | 1,202 | 17 | 2,062 |
Charge-offs | 0 | (38) | 0 | (38) |
Recoveries | 14 | 409 | 24 | 472 |
Ending balance | 5,646 | 4,804 | 5,646 | 4,804 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 0 | |||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 32,661 | 36,460 | 32,631 | 35,064 |
Provision for credit losses - (benefit) expense | (2,976) | 5,999 | (2,986) | 7,245 |
Charge-offs | 0 | (88) | 0 | (106) |
Recoveries | 393 | 56 | 433 | 224 |
Ending balance | 30,078 | 42,427 | 30,078 | 42,427 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 0 | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 34,490 | 31,235 | 33,190 | 32,906 |
Provision for credit losses - (benefit) expense | (668) | 2,997 | (4,028) | 1,347 |
Charge-offs | (332) | (6,350) | (791) | (6,468) |
Recoveries | 958 | 132 | 6,077 | 222 |
Ending balance | 34,448 | 28,014 | 34,448 | 28,014 |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 7 | |||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | 133,566 | 130,238 | 133,020 | 127,426 |
Provision for credit losses - (benefit) expense | 26,721 | 14,072 | 42,901 | 29,799 |
Charge-offs | (25,591) | (16,462) | (53,955) | (33,260) |
Recoveries | 3,613 | 3,451 | 16,343 | 7,281 |
Ending balance | $ 138,309 | $ 131,299 | 138,309 | 131,299 |
Consumer Portfolio Segment [Member] | Bulk Sale Of Fully Charged-Off Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Recoveries | $ 9,500 | |||
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [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) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2024 | Dec. 31, 2023 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | $ 12,385,508 | $ 12,185,483 | ||||
Allowance for credit losses | 254,532 | 261,843 | $ 263,592 | $ 267,058 | $ 265,567 | $ 260,464 |
Residential Mortgage Loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | 2,809,666 | 2,821,726 | ||||
Allowance for credit losses | $ 46,051 | $ 57,397 | 56,689 | 60,514 | 64,403 | 62,760 |
Residential Mortgage Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 1.64% | 2.03% | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | $ 185,957 | $ 214,777 | ||||
Allowance for credit losses | $ 5,646 | $ 5,605 | 6,186 | 4,804 | 3,231 | 2,308 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 3.04% | 2.61% | ||||
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | $ 2,423,309 | $ 2,317,083 | ||||
Allowance for credit losses | $ 30,078 | $ 32,631 | 32,661 | 42,427 | 36,460 | 35,064 |
Commercial Portfolio Segment [Member] | Mortgage loans [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 1.24% | 1.41% | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | $ 3,254,577 | $ 3,174,232 | ||||
Allowance for credit losses | $ 34,448 | $ 33,190 | 34,490 | 28,014 | 31,235 | 32,906 |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 1.06% | 1.05% | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Amortized cost of loans | $ 3,711,999 | $ 3,657,665 | ||||
Allowance for credit losses | $ 138,309 | $ 133,020 | $ 133,566 | $ 131,299 | $ 130,238 | $ 127,426 |
Consumer Portfolio Segment [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 3.73% | 3.64% | ||||
Loan Total [Member] | Allowance for loan and lease losses, numerator [Member] | Loans Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 2.06% | 2.15% |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | $ 4,919 | $ 4,168 | $ 4,638 | $ 4,273 |
Provision for credit losses - (benefit) expense | (417) | 721 | (136) | 616 |
Ending balance | $ 4,502 | $ 4,889 | $ 4,502 | $ 4,889 |
ALLOWANCE FOR CREDIT LOSSES F_6
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | $ (7,300) | |||||||
Provision for credit losses - (benefit) expense | $ 11,930 | $ 20,770 | 24,847 | $ 37,026 | ||||
Net charge-offs | 21,000 | 19,300 | 32,200 | 32,500 | ||||
Increase (decrease) in net charge-offs | 1,700 | (300) | ||||||
Recoveries | 5,424 | 4,805 | 23,595 | 9,453 | ||||
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | (417) | 721 | (136) | 616 | ||||
Off-Balance Sheet, Credit Loss, Liability | 4,502 | 4,889 | 4,502 | 4,889 | $ 4,919 | $ 4,638 | $ 4,168 | $ 4,273 |
Charge-offs | 26,414 | 24,084 | 55,753 | 42,001 | ||||
Net disbursements on loans held for investment | 307,677 | 226,714 | ||||||
Allowance for credit losses | 254,532 | 267,058 | 254,532 | 267,058 | 263,592 | 261,843 | 265,567 | 260,464 |
Residential Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | (11,300) | |||||||
Provision for credit losses - (benefit) expense | (10,593) | (3,500) | (11,057) | (3,427) | ||||
Recoveries | 446 | 757 | 718 | 1,254 | ||||
Charge-offs | 491 | 1,146 | 1,007 | 2,129 | ||||
Allowance for credit losses | 46,051 | 60,514 | 46,051 | 60,514 | 56,689 | 57,397 | 64,403 | 62,760 |
Residential Portfolio Segment [Member] | U S [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 0 | |||||||
Commercial Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | (1,300) | |||||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Provision for credit losses - (benefit) expense | (554) | 1,202 | 17 | 2,062 | ||||
Recoveries | 14 | 409 | 24 | 472 | ||||
Charge-offs | 0 | 38 | 0 | 38 | ||||
Allowance for credit losses | 5,646 | 4,804 | 5,646 | 4,804 | 6,186 | 5,605 | 3,231 | 2,308 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Provision for credit losses - (benefit) expense | (668) | 2,997 | (4,028) | 1,347 | ||||
Increase (decrease) in net charge-offs | 6,200 | |||||||
Recoveries | 958 | 132 | 6,077 | 222 | ||||
Charge-offs | 332 | 6,350 | 791 | 6,468 | ||||
Allowance for credit losses | 34,448 | 28,014 | 34,448 | 28,014 | 34,490 | 33,190 | 31,235 | 32,906 |
Commercial Portfolio Segment [Member] | U S [Member] | Construction Loans [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 0 | |||||||
Commercial Portfolio Segment [Member] | U S [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 307 | |||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Recoveries | 5,000 | |||||||
Consumer Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | 5,300 | |||||||
Provision for credit losses - (benefit) expense | 26,721 | 14,072 | 42,901 | 29,799 | ||||
Recoveries | 3,613 | 3,451 | 16,343 | 7,281 | ||||
Charge-offs | 25,591 | 16,462 | 53,955 | 33,260 | ||||
Allowance for credit losses | $ 138,309 | $ 131,299 | 138,309 | $ 131,299 | $ 133,566 | $ 133,020 | $ 130,238 | $ 127,426 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 16,093 | |||||||
Consumer Portfolio Segment [Member] | Bulk Sale Of Nonaccrual Loans [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Recoveries | 9,500 | |||||||
Consumer Portfolio Segment [Member] | U S [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | 66 | |||||||
Consumer Portfolio Segment [Member] | U S [Member] | Automobile Loan [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Charge-offs | $ 66 |
OTHER REAL ESTATE OWNED (OREO_2
OTHER REAL ESTATE OWNED (OREO) - Other real estate owned (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2024 | Dec. 31, 2023 | |
Real Estate Properties [Line Items] | ||
OREO | $ 21,682 | $ 32,669 |
Other assets | 373,041 | 229,215 |
Government Guaranteed Mortgage Loans Upon Foreclosure Receivable [Member] | ||
Real Estate Properties [Line Items] | ||
Other assets | 11,300 | 16,600 |
Residential [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 15,468 | 20,261 |
Commercial [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 4,556 | 10,807 |
Gain on sale of OREO | 2,300 | |
Proceeds From Sale Of Other Real Estate | 5,300 | |
Commercial [Member] | Construction [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | $ 1,658 | $ 1,601 |
GOODWILL AND OTHER INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Finite Lived Intangible Assets [Line Items] | |||||
Goodwill | $ 38,611,000 | $ 38,611,000 | $ 38,611,000 | ||
Change in carrying amount of goodwill | 0 | $ 0 | 0 | $ 0 | |
Amortization of intangible assets | $ 1,900,000 | $ 2,000,000 | $ 3,683,000 | $ 4,026,000 | |
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 2023, management performed a qualitative analysis of 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, 2023, 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 six months of 2024. | ||||
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 June 30, 2024. |
GOODWILL AND OTHER INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Finite Lived Intangible Assets [Line Items] | ||
Net carrying amount | $ 9,700 | $ 13,383 |
Core Deposits [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | 87,544 | 87,544 |
Accumulated amortization | (77,844) | (74,161) |
Net carrying amount | $ 9,700 | $ 13,383 |
Remaining amortization period (in years) | 5 years 6 months | 6 years |
GOODWILL AND OTHER INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLES - Amortization Expense (Detail) $ in Thousands | Jun. 30, 2024 USD ($) |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
2024 | $ 2,733 |
2025 | 3,509 |
2026 | 872 |
2027 | 872 |
2028 | 872 |
2029 and after | $ 842 |
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 | 6 Months Ended | 12 Months Ended | ||||||
Apr. 30, 2004 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | Jul. 22, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2022 | |
Servicing Liabilities At Fair Value [Line Items] | ||||||||||
Gain on early extinguishment of debt | $ 0 | $ 1,605 | $ 0 | $ 1,605 | ||||||
Servicing Asset at Amortized Cost | 25,952 | 28,034 | 25,952 | 28,034 | $ 26,941 | $ 26,355 | $ 28,431 | $ 29,037 | ||
Servicing Asset At Fair Value Amount | $ 44,590 | $ 44,590 | $ 45,244 | |||||||
Weighted-average yield | 1.26% | 1.26% | 1.24% | |||||||
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 | $ 549 | 433 | $ 549 | 433 | $ 511 | 442 | 449 | 458 | ||
Junior subordinated debentures | 161,700 | $ 161,700 | $ 161,700 | |||||||
Repurchase Program Announced July 22, 2024 [Member] | ||||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||||
Repurchase program authorized amount | $ 250,000 | |||||||||
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% | 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% | 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 | |||||||||
Junior subordinated debentures | $ 161,700 | $ 161,700 | $ 161,700 | |||||||
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 | 1.55% | 1.55% | 1.55% | |||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 163 | $ 163 | $ 116 | |||||||
Residential MBS [Member] | Private label [Member] | ||||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||||
Weighted-average yield | 7.65% | 7.65% | ||||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 163 | $ 163 | 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 | 6,700 | $ 6,700 | ||||||||
Servicing Asset At Fair Value Amount | 4,600 | 4,600 | ||||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 163 | $ 83 | 163 | $ 83 | $ 116 | $ 116 | $ 83 | $ 83 | ||
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Balance at beginning of period | $ 26,355 | $ 28,431 | $ 26,941 | $ 29,037 |
Capitalization of servicing assets | 647 | 706 | 1,107 | 1,238 |
Amortization | (1,038) | (1,102) | (2,075) | (2,230) |
Temporary impairment recoveries | 0 | 1 | 0 | 5 |
Other | (12) | (2) | (21) | (16) |
Balance at end of period | $ 25,952 | $ 28,034 | $ 25,952 | $ 28,034 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Balance at beginning of period | $ 0 | $ 8 | $ 0 | $ 12 |
Temporary impairment recoveries | 0 | (1) | 0 | (5) |
Balance at end of period | $ 0 | $ 7 | $ 0 | $ 7 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||
Servicing fees | $ 2,605 | $ 2,660 | $ 5,178 | $ 5,378 |
Late charges and prepayment penalties | 181 | 211 | 370 | 410 |
Other | (12) | (2) | (21) | (16) |
Servicing income, gross | 2,774 | 2,869 | 5,527 | 5,772 |
Amortization and impairment of servicing assets | (1,038) | (1,101) | (2,075) | (2,225) |
Servicing income, net | $ 1,736 | $ 1,768 | $ 3,452 | $ 3,547 |
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) | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
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 | 6.80% | 7.40% |
Discount rate | 9.50% | 9.50% |
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 | 6.20% | 5.90% |
Discount rate | 11.50% | 12.90% |
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 | 6.80% | 6.70% |
Discount rate | 11.50% | 11.50% |
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 | 15.90% | 16% |
Discount rate | 9.50% | 9.50% |
Maximum [Member] | Conventional Non Conforming Mortgage Loans [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 7.60% | 9% |
Discount rate | 12.50% | 14% |
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 | 17.10% | 11.60% |
Discount rate | 11.50% | 11.50% |
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 | 2.90% | 3.80% |
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 | 4.40% | 2.10% |
Discount rate | 11% | 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 | 3.20% | 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 | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2024 | Dec. 31, 2023 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract] | ||||||
Carrying amount of servicing assets | $ 25,952 | $ 26,941 | $ 26,355 | $ 28,034 | $ 28,431 | $ 29,037 |
Fair value | $ 44,590 | $ 45,244 | ||||
Weighted-average expected life | 7 years 8 months 8 days | 7 years 9 months 14 days | ||||
Constant prepayment rate | 6.30% | 6.27% | ||||
Decrease in fair value due to 10% adverse change | $ 881 | $ 886 | ||||
Decrease in fair value due to 20% adverse change | $ 1,720 | $ 1,731 | ||||
Discount rate | 10.70% | 10.68% | ||||
Decrease in fair value due to 10% adverse change | $ 1,890 | $ 1,927 | ||||
Decrease in fair value due to 20% adverse change | $ 3,641 | $ 3,712 |
DEPOSITS - Narratives (Detail)
DEPOSITS - Narratives (Detail) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Deposits [Line Items] | ||
Unamortized broker placement fees | $ 1.2 | $ 1 |
Time deposits in denominations of $250,000 or more | $ 1,600 | $ 1,400 |
DEPOSITS - Summary of Deposit B
DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Deposits, by Type [Abstract] | ||
Non-interest-bearing deposit accounts | $ 5,406,054 | $ 5,404,121 |
Interest-bearing checking accounts | 3,831,677 | 3,937,945 |
Interest-bearing saving accounts | 3,629,326 | 3,596,855 |
Time deposits | 3,037,120 | 2,833,730 |
Brokered certifiates of deposits ("CDs") | 624,779 | 783,334 |
Total deposits | $ 16,528,956 | $ 16,555,985 |
DEPOSITS - Certificates of Depo
DEPOSITS - Certificates of Deposits Mature (Detail) $ in Thousands | Jun. 30, 2024 USD ($) |
DEPOSITS [Abstract] | |
Three months or less | $ 966,977 |
Over three months to six months | 829,519 |
Over six months to one year | 1,102,165 |
Over one year to two years | 474,119 |
Over two years to three years | 70,269 |
Over three years to four years | 126,118 |
Over four years to five years | 70,897 |
Over five years | 21,835 |
Total | $ 3,661,899 |
ADVANCES FROM THE FEDERAL HOM_3
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 500,000 | $ 500,000 |
ADVANCES FROM THE FEDERAL HOM_4
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Parenthetical) (Detail) - Long-term Debt [Member] | Jun. 30, 2024 | Dec. 31, 2023 |
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 4.45% | 4.45% |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed |
ADVANCES FROM THE FEDERAL HOM_5
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) $ in Thousands | Jun. 30, 2024 USD ($) |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
Over six months to one year | $ 180,000 |
Over one to five years | 320,000 |
Total | $ 500,000 |
ADVANCES FROM THE FEDERAL HOM_6
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Parenthetical) (Detail) | 6 Months Ended |
Jun. 30, 2024 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
FHLB, average remaining term to maturity | 1 year 11 months 26 days |
OTHER LONG-TERM BORROWINGS - Co
OTHER LONG-TERM BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 161,700 | $ 161,700 |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 43,143 | 43,143 |
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] | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
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% | 2.75% |
SOFR [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.50% | 2.50% |
due June 17, 2034 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Long Term Debt Percentage Bearing Variable Interest Rate | 8.39% | |
due June 17, 2034 [Member] | SOFR [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 0.26161% | 0.26161% |
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | 3-month CME Term SOFR |
Long Term Debt Percentage Bearing Variable Interest Rate | 8.35% | |
due September 20, 2034 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Long Term Debt Percentage Bearing Variable Interest Rate | 8.13% | |
due September 20, 2034 [Member] | SOFR [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 0.26161% | 0.26161% |
Debt Instrument Description Of Variable Rate Basis | 3-month CME Term SOFR | 3-month CME Term SOFR |
Long Term Debt Percentage Bearing Variable Interest Rate | 8.11% |
OTHER LONG-TERM BORROWINGS - Ad
OTHER LONG-TERM BORROWINGS - Additional Information (Detail) $ in Millions | Jul. 22, 2024 USD ($) |
Repurchase Program Announced July 22, 2024 [Member] | |
Class Of Stock [Line Items] | |
Repurchase program authorized amount | $ 250 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Net income: | ||||
Net income attributable to common stockholders | $ 75,838 | $ 70,655 | $ 149,296 | $ 141,353 |
Weighted-Average Shares: | ||||
Average common shares outstanding | 164,945 | 178,926 | 166,043 | 179,567 |
Average potential dilutive common shares | 598 | 351 | 627 | 686 |
Average common shares outstanding - assuming dilution | 165,543 | 179,277 | 166,670 | 180,253 |
Earnings per common share: | ||||
Basic | $ 0.46 | $ 0.39 | $ 0.90 | $ 0.79 |
Diluted | $ 0.46 | $ 0.39 | $ 0.90 | $ 0.78 |
EARNINGS PER COMMON SHARE - Add
EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
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] | Jun. 30, 2024 shares |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Authorized granting up shares | 14,169,807 |
Restricted stock available for issuance | 2,593,029 |
STOCK-BASED COMPENSATION - Rest
STOCK-BASED COMPENSATION - Restricted Stock - Additional Information (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Granted performance units | 398,569 | 495,891 | |||
Stock-based compensation expense | $ 1.3 | $ 1.4 | $ 3.7 | $ 3 | |
Unrecognized compensation cost related to unvested shares | $ 7 | $ 7 | |||
Period for cost recognition not yet recognized | 1 year 9 months 18 days | ||||
Director [Member] | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Granted performance units | 2,280 | 3,502 | |||
Restricted stock vesting period | 1 year | ||||
Restricted stock vesting after two-year anniversary of the grant date [Member] | Management [Member] | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Restricted stock vesting period | 2 years | ||||
Restricted stock vesting percentage | 50% | ||||
Restricted stock vesting after three-year anniversary of the grant date [Member] | Management [Member] | |||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||||
Restricted stock vesting period | 3 years | ||||
Restricted stock vesting percentage | 50% |
STOCK-BASED COMPENSATION - Re_2
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 889,642 | 938,491 |
Granted shares | 398,569 | 495,891 |
Forfeited | (3,464) | (57,491) |
Vested | (253,504) | (481,536) |
Unvested shares of outstanding, end of period | 1,031,243 | 895,355 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 12.30 | $ 9.14 |
Weighted-Average Grant Date Fair Value, Granted | 17.35 | 11.99 |
Weighted-Averages Grant Date Fair Value, Forfeited | 13.30 | 11.29 |
Weighted-Average Grant Date Fair Value, Vested | 12.26 | 5.93 |
Weighted-Average Grant Date Fair Value, end of period | $ 14.26 | $ 12.31 |
STOCK-BASED COMPENSATION - Re_3
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Parenthetical) (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - shares | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 398,569 | 495,891 |
Director [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 2,280 | 3,502 |
Employees [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 396,289 | 492,389 |
Retirement Eligible Shares | 84,122 | 33,718 |
STOCK-BASED COMPENSATION - Perf
STOCK-BASED COMPENSATION - Performance Units - Additional Information (Detail) - Omnibus Plan [Member] - Performance Shares [member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Granted performance units | 165,487 | 216,876 | ||
Performance units program description | Performance units granted during the six-month periods ended June 30, 2024 and 2023 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. | |||
Stock-based compensation expense | $ 0.6 | $ 0.5 | $ 1.1 | $ 1 |
Unrecognized compensation cost related to unvested performance units | $ 4.9 | $ 4.9 | ||
Period for cost recognition not yet recognized | 2 years 1 month 6 days | |||
Fair Value assumptions method used | The fair value of the performance units awarded during the six-month periods ended June 30, 2024 and 2023, 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 June 30, 2024, 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, 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] | ||||
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 | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 534,261 | 791,923 |
Granted shares | 165,487 | 216,876 |
Vested | (150,716) | (474,538) |
Unvested shares of outstanding, end of period | 549,032 | 534,261 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 12.25 | $ 7.36 |
Additions | 18.39 | 12.24 |
Vested | 11.26 | 4.08 |
Weighted-Average Grant Date Fair Value, end of period | $ 14.37 | $ 12.25 |
STOCK-BASED COMPENSATION - Summ
STOCK-BASED COMPENSATION - Summary of Valuation Assumptions (Detail) - Omnibus Plan [Member] - Performance Shares [member] | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Risk-free interest rate | 4.41% | 3.98% |
Correlation coefficient | 73.80% | 77.16% |
Expected dividend yield | 0% | 0% |
Expected volatility | 34.65% | 41.37% |
Expected life (in years) | 2 years 9 months 10 days | 2 years 9 months 14 days |
STOCK-BASED COMPENSATION - Trea
STOCK-BASED COMPENSATION - Treasury Stock - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2024 | Jun. 30, 2023 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 270 | 136,308 | 287,835 |
STOCKHOLDERS' EQUITY - Addition
STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||||
Jul. 22, 2024 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Mar. 31, 2024 | Dec. 31, 2023 | Jul. 24, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Class Of Stock [Line Items] | ||||||||||
Dividends declared per common share | $ 0.16 | $ 0.14 | $ 0.32 | $ 0.28 | ||||||
Preferred Stock Shares Authorized | 50,000,000 | 50,000,000 | ||||||||
Preferred stock, par value | $ 1 | $ 1 | ||||||||
Treasury Stock Shares Acquired | 2,840,591 | 0 | 5,983,180 | 3,865,375 | ||||||
Treasury Stock Shares | 59,797,663 | 43,906,494 | 59,797,663 | 43,906,494 | 56,956,069 | 54,360,304 | 43,874,418 | 40,954,057 | ||
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 | $ 199,576,000 | $ 199,576,000 | $ 199,576,000 | |||||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | |||||||
Stock Issued During Period Shares Treasury Stock Reissued | 556 | 0 | 549,285 | 970,429 | ||||||
Dividends paid on common stock | $ 26,600,000 | $ 25,300,000 | $ 53,400,000 | $ 50,700,000 | ||||||
Common stock per share paid | $ 0.16 | $ 0.14 | $ 0.32 | $ 0.28 | ||||||
Stock Repurchase Program Announced July 24, 2023 [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Treasury Stock Shares Acquired | 2,840,321 | 5,846,872 | ||||||||
Common stock repurchased price per share | $ 17.60 | $ 17.10 | ||||||||
Repurchase program authorized amount | $ 225,000,000 | |||||||||
Stock Repurchase Program Remaining Authorized Repurchase Amount 1 | $ 50,000,000 | $ 50,000,000 | ||||||||
Common stock repurchase value | $ 50,000,000 | $ 100,000,000 | ||||||||
Repurchase Program Announced July 22, 2024 [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Repurchase program authorized amount | $ 250,000,000 | |||||||||
Subsequent Event [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Dividends declared per common share | $ 0.16 | |||||||||
Dividend Payable Date To Be Paid Day Month And Year | Sep. 13, 2024 | |||||||||
Dividends Payable Date Of Record Day Month And Year | Aug. 29, 2024 | |||||||||
Dividends Payable Date Declared Day Month And Year | Jul. 22, 2024 |
STOCKHOLDERS' EQUITY - Common S
STOCKHOLDERS' EQUITY - Common Stock (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Class Of Stock [Line Items] | ||||
Common stock outstanding, beginning balances | 166,707,047 | 179,788,698 | 169,302,812 | 182,709,059 |
Common stock repurchased | (2,840,591) | 0 | (5,983,180) | (3,865,375) |
Common stock reissued under stock-based compensation plan | 556 | 0 | 549,285 | 970,429 |
Restricted stock forfeited | (1,559) | (32,076) | (3,464) | (57,491) |
Common stock outstanding, ending balances | 163,865,453 | 179,756,622 | 163,865,453 | 179,756,622 |
STOCKHOLDERS' EQUITY - Common_2
STOCKHOLDERS' EQUITY - Common Stock (Parenthetical) (Detail) - shares | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2024 | Jun. 30, 2023 | |
Class Of Stock [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 270 | 136,308 | 287,835 |
STOCKHOLDERS' EQUITY - Treasury
STOCKHOLDERS' EQUITY - Treasury Shares (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
STOCKHOLDERS' EQUITY [Abstract] | ||||
Treasury stock, beginning balances | 56,956,069 | 43,874,418 | 54,360,304 | 40,954,057 |
Common stock repurchased | 2,840,591 | 0 | 5,983,180 | 3,865,375 |
Common stock reissued under stock-based compensation plan | (556) | 0 | (549,285) | (970,429) |
Restricted stock forfeited | 1,559 | 32,076 | 3,464 | 57,491 |
Treasury stock, ending balances | 59,797,663 | 43,906,494 | 59,797,663 | 43,906,494 |
ACCUMULATED OTHER COMPREHENSI_3
ACCUMULATED OTHER COMPREHENSIVE LOSS - Change in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ (655,617) | $ (718,744) | $ (640,552) | $ (805,972) |
Other comprehensive income (loss) | 10,560 | (54,837) | (4,505) | 32,391 |
Ending balance | (645,057) | (773,581) | (645,057) | (773,581) |
Beginning balance | 1,382 | 1,194 | 1,382 | 1,194 |
Other comprehensive income (loss) | 0 | 0 | 0 | 0 |
Ending balance | $ 1,382 | $ 1,194 | $ 1,382 | $ 1,194 |
EMPLOYEE BENEFIT PLANS - Compon
EMPLOYEE BENEFIT PLANS - Components of Net Periodic Benefit (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Net periodic cost (benefit): | ||||
Net periodic (benefit) cost | $ (101) | $ 71 | $ (202) | $ 141 |
Pension Plan [Member] | ||||
Net periodic cost (benefit): | ||||
Net periodic (benefit) cost | (117) | 65 | (234) | 129 |
Pension Plan [Member] | Other Expenses [Member] | ||||
Net periodic cost (benefit): | ||||
Interest cost | 901 | 950 | 1,802 | 1,900 |
Expected return on plan assets | (1,018) | (885) | (2,036) | (1,771) |
Postretirement Benefit Plan [Member] | Other Expenses [Member] | ||||
Net periodic cost (benefit): | ||||
Net periodic (benefit) cost | $ 16 | $ 6 | $ 32 | $ 12 |
INCOME TAXES - Additional Infor
INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Income Tax Contingency [Line Items] | |||||
Maximum corporate tax rate | 37.50% | ||||
Net deferred tax asset | $ 142,700 | $ 142,700 | $ 150,100 | ||
Valuation allowance | 141,100 | 141,100 | 139,200 | ||
Income tax expense | 25,541 | $ 30,284 | $ 49,496 | $ 62,219 | |
Estimated annual effective tax rate, excluding entities from which a tax benefit cannot be recognized and discrete items | 24.10% | 30.10% | |||
Current income tax expense | 2,900 | 1,500 | $ 5,100 | $ 4,000 | |
Santander [Member] | |||||
Income Tax Contingency [Line Items] | |||||
UTBs | 800 | 800 | |||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | 200 | ||||
Subsidiaries [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Net deferred tax asset | 142,700 | 142,700 | 150,100 | ||
Valuation allowance | 113,200 | 113,200 | $ 111,400 | ||
Parent Company [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Income tax expense | $ 0 | $ 0 | $ 1 | $ 1 |
FAIR VALUE - Assets and Liabili
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 4,957,311 | $ 5,229,984 |
MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,602,279 | 2,784,779 |
Other Investments [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,000 | |
Fair Value, Measurements, Recurring [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 4,867 | 4,893 |
Derivative Assets | 316 | 341 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 152 | 317 |
Fair Value, Measurements, Recurring [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 117,073 | 135,393 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 495,689 | 433,437 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,739,738 | 1,874,960 |
Fair Value, Measurements, Recurring [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,602,279 | 2,784,779 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,532 | 1,415 |
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,000 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity securities | 4,867 | 4,893 |
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 | 117,073 | 135,393 |
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 Investments [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 | 316 | 341 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 152 | 317 |
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 | 495,689 | 433,437 |
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 | 1,739,738 | 1,874,960 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | MBS [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 2,597,712 | 2,779,994 |
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 Investments [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 | 4,567 | 4,785 |
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 | 1,532 | 1,415 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Other Investments [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 1,000 | $ 0 |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||
Beginning balance | $ 6,275 | $ 7,605 | $ 6,200 | $ 8,495 |
Total gains (losses): | ||||
Included in other comprehensive income (loss) (unrealized) | 175 | (19) | 414 | (181) |
Included in earnings (unrealized) | (60) | 16 | 9 | 25 |
Purchases | 1,000 | 0 | 1,000 | 0 |
Principal repayments and amortization | (291) | (245) | (524) | (982) |
Ending balance | $ 7,099 | $ 7,357 | $ 7,099 | $ 7,357 |
FAIR VALUE - Fair Value of As_2
FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Proceeds from principal repayments and maturities of available-for-sale debt securities | $ 293,931 | $ 217,745 |
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 | Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | $ 4,957,311 | $ 5,229,984 |
Fair Value, Measurements, Recurring [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Available-For-Sale Securities, Debt Securities | 1,532 | 1,415 |
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 | 4,567 | 4,785 |
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 | 1,532 | 1,415 |
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 | $ 1,532 | $ 1,415 |
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 | 0.168 | 0.161 |
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 | 0 |
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 | 0.001 |
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 | 0.129 | 0.141 |
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 | 0.259 | 0.258 |
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 | 0.168 | 0.161 |
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 | 0.056 | 0.069 |
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 | 0.094 | 0.109 |
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 | 0.129 | 0.141 |
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 | 0.259 | 0.258 |
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 | 0.168 | 0.161 |
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 | 0.034 | 0.037 |
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 | 0.041 | 0.042 |
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 | 0.129 | 0.141 |
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 | 0.259 | 0.258 |
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 | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Other Real Estate Owned | $ 21,682 | $ 21,682 | $ 32,669 | ||
Mortgage servicing rights | 44,590 | 44,590 | $ 45,244 | ||
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) gains recorded | $ 14,295 | $ 14,295 | |||
(Losses) gains recorded | (73) | (73) | |||
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) gains recorded | 1,044 | 1,471 | 1,292 | 2,038 | |
(Losses) gains recorded | $ (55) | $ 45 | $ (171) | $ 12 | |
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | OREO [Member] | Minimum [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Haircut applied on appraisals | 2% | 7% | 2% | 6% | |
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | OREO [Member] | Maximum [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Haircut applied on appraisals | 18% | 34% | 18% | 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) gains recorded | $ 25,930 | $ 8,011 | $ 26,117 | $ 8,920 | |
(Losses) gains recorded | $ (107) | $ (6,515) | $ (144) | $ (6,744) | |
Haircut applied on appraisals | 4% | ||||
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | Loans Receivable [Member] | Minimum [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Haircut applied on appraisals | 1% | ||||
Fair Value Measurements Nonrecurring [Member] | Fair Value Inputs Level 3 [Member] | Loans Receivable [Member] | Maximum [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||||
Haircut applied on appraisals | 22% |
FAIR VALUE - Fair Value (Detail
FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Assets: | ||||||
Available-for-sale debt securitie (fair value) | $ 4,957,311 | $ 5,229,984 | ||||
Held To Maturity Securities Amortized | 344,435 | 354,178 | ||||
Less: allowance for credit losses on held to maturity securities | (1,267) | (2,197) | ||||
Loans held for investment | 12,385,508 | 12,185,483 | ||||
Allowance for loan and lease losses | (254,532) | $ (263,592) | (261,843) | $ (267,058) | $ (265,567) | $ (260,464) |
Loans held for investment, net of ACL | 12,130,976 | 11,923,640 | ||||
Mortgage servicing rights | 25,952 | $ 26,355 | 26,941 | $ 28,034 | $ 28,431 | $ 29,037 |
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 500,000 | 500,000 | ||||
Other long-term borrowings | 161,700 | 161,700 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 586,282 | 663,164 | ||||
Available-for-sale debt securitie (fair value) | 4,957,311 | 5,229,984 | ||||
Held To Maturity Securities Amortized | 344,435 | 354,178 | ||||
Less: allowance for credit losses on held to maturity securities | (1,267) | (2,197) | ||||
Investment securities held to maturity, net of ACL | 343,168 | 351,981 | ||||
Equity securities (amortized cost) | 46,170 | 44,782 | ||||
Other equity securities | 4,867 | 4,893 | ||||
Loans held for sale | 10,392 | 7,368 | ||||
Loans held for investment | 12,385,508 | 12,185,483 | ||||
Allowance for loan and lease losses | (254,532) | (261,843) | ||||
Loans held for investment, net of ACL | 12,130,976 | 11,923,640 | ||||
Mortgage servicing rights | 25,952 | 26,941 | ||||
Derivative Assets | 316 | 341 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,528,956 | 16,555,985 | ||||
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 500,000 | 500,000 | ||||
Other long-term borrowings | 161,700 | 161,700 | ||||
Derivative Liabilities | 152 | 317 | ||||
Federal Home Loan Bank Stock | 34,000 | 34,600 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 586,282 | 663,164 | ||||
Available-for-sale debt securitie (fair value) | 4,957,311 | 5,229,984 | ||||
Investment securities held to maturity, net of ACL | 333,690 | 346,132 | ||||
Equity securities (amortized cost) | 46,170 | 44,782 | ||||
Other equity securities | 4,867 | 4,893 | ||||
Loans held for sale | 10,450 | 7,476 | ||||
Loans held for investment, net of ACL | 12,058,472 | 11,762,855 | ||||
Mortgage servicing rights | 44,590 | 45,244 | ||||
Derivative Assets | 316 | 341 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,521,923 | 16,565,435 | ||||
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 495,838 | 500,522 | ||||
Other long-term borrowings | 159,696 | 159,999 | ||||
Derivative Liabilities | 152 | 317 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 586,282 | 663,164 | ||||
Available-for-sale debt securitie (fair value) | 117,073 | 135,393 | ||||
Investment securities held to maturity, net of ACL | 0 | 0 | ||||
Equity securities (amortized cost) | 0 | 0 | ||||
Other equity securities | 4,867 | 4,893 | ||||
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 | ||||
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 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 | ||||
Available-for-sale debt securitie (fair value) | 4,833,139 | 5,088,391 | ||||
Investment securities held to maturity, net of ACL | 222,364 | 235,239 | ||||
Equity securities (amortized cost) | 46,170 | 44,782 | ||||
Other equity securities | 0 | 0 | ||||
Loans held for sale | 10,450 | 7,476 | ||||
Loans held for investment, net of ACL | 0 | 0 | ||||
Mortgage servicing rights | 0 | 0 | ||||
Derivative Assets | 316 | 341 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 16,521,923 | 16,565,435 | ||||
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 495,838 | 500,522 | ||||
Other long-term borrowings | 0 | 0 | ||||
Derivative Liabilities | 152 | 317 | ||||
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 | ||||
Available-for-sale debt securitie (fair value) | 7,099 | 6,200 | ||||
Investment securities held to maturity, net of ACL | 111,326 | 110,893 | ||||
Equity securities (amortized cost) | 0 | 0 | ||||
Other equity securities | 0 | 0 | ||||
Loans held for sale | 0 | 0 | ||||
Loans held for investment, net of ACL | 12,058,472 | 11,762,855 | ||||
Mortgage servicing rights | 44,590 | 45,244 | ||||
Derivative Assets | 0 | 0 | ||||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||||
Deposits | 0 | 0 | ||||
Advances from the FHLB: | ||||||
Long-term advances from the FHLB | 0 | 0 | ||||
Other long-term borrowings | 159,696 | 159,999 | ||||
Derivative Liabilities | $ 0 | $ 0 |
REVENUE FROM CONTRACTS WITH C_3
REVENUE FROM CONTRACTS WITH CUSTOMERS - Additional Information (Detail) - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | ||
Contract assets | $ 0 | $ 0 |
REVENUE FROM CONTRACTS WITH C_4
REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | $ 199,628 | $ 199,815 | $ 396,148 | $ 400,700 |
Service charges and fees on deposit accounts | 9,725 | 9,287 | 19,387 | 18,828 |
Insurance commission income | 2,786 | 2,747 | 8,293 | 7,594 |
Card and processing income | 11,523 | 11,135 | 22,835 | 22,053 |
Noninterest Income | 32,038 | 36,271 | 66,021 | 68,789 |
Total Revenues (Loss) | 231,666 | 236,086 | 462,169 | 469,489 |
Other non-interest income | 4,585 | 8,637 | 9,205 | 13,037 |
Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 2,798 | 3,502 | 5,537 | 6,596 |
Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 5,206 | 9,600 | 9,969 | 13,718 |
Mortgage Banking Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | 14,332 | 21,360 | 30,155 | 43,148 |
Service charges and fees on deposit accounts | 0 | 0 | 0 | 0 |
Insurance commission income | 0 | 0 | 0 | 0 |
Card and processing income | 0 | 0 | 0 | 0 |
Noninterest Income | 3,661 | 3,062 | 6,680 | 6,136 |
Total Revenues (Loss) | 17,993 | 24,422 | 36,835 | 49,284 |
Mortgage Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 41 | 33 | 99 | 194 |
Mortgage Banking Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 3,620 | 3,029 | 6,581 | 5,942 |
Consumer Retail Banking Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | 151,269 | 142,597 | 300,216 | 280,341 |
Service charges and fees on deposit accounts | 5,254 | 5,087 | 10,535 | 10,573 |
Insurance commission income | 2,563 | 2,464 | 7,797 | 7,104 |
Card and processing income | 10,472 | 10,152 | 20,710 | 20,053 |
Noninterest Income | 20,463 | 20,221 | 43,869 | 42,255 |
Total Revenues (Loss) | 171,732 | 162,818 | 344,085 | 322,596 |
Consumer Retail Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 973 | 1,508 | 2,016 | 2,660 |
Consumer Retail Banking Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 1,201 | 1,010 | 2,811 | 1,865 |
Commercial And Corporate Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | 14,927 | 12,933 | 29,855 | 27,873 |
Service charges and fees on deposit accounts | 3,536 | 3,326 | 7,028 | 6,480 |
Insurance commission income | 0 | 0 | 0 | 0 |
Card and processing income | 18 | 28 | 42 | 50 |
Noninterest Income | 4,816 | 8,145 | 9,317 | 12,320 |
Total Revenues (Loss) | 19,743 | 21,078 | 39,172 | 40,193 |
Commercial And Corporate Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 1,018 | 1,094 | 1,894 | 1,948 |
Commercial And Corporate Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 244 | 3,697 | 353 | 3,842 |
Treasury And Investments Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | (4,851) | (2,789) | (11,383) | (3,447) |
Service charges and fees on deposit accounts | 0 | 0 | 0 | 0 |
Insurance commission income | 0 | 0 | 0 | 0 |
Card and processing income | 0 | 0 | 0 | 0 |
Noninterest Income | 98 | 1,680 | 181 | 1,840 |
Total Revenues (Loss) | (4,753) | (1,109) | (11,202) | (1,607) |
Treasury And Investments Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 98 | 1,680 | 181 | 1,840 |
United States Operations Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | 18,884 | 19,690 | 37,132 | 40,620 |
Service charges and fees on deposit accounts | 155 | 172 | 303 | 337 |
Insurance commission income | 30 | 79 | 86 | 107 |
Card and processing income | 31 | 49 | 109 | 80 |
Noninterest Income | 834 | 1,155 | 1,735 | 2,002 |
Total Revenues (Loss) | 19,718 | 20,845 | 38,867 | 42,622 |
United States Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 613 | 660 | 1,234 | 1,243 |
United States Operations Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 5 | 195 | 3 | 235 |
Virgin Islands Operations Segment [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Net interest income (loss) | 5,067 | 6,024 | 10,173 | 12,165 |
Service charges and fees on deposit accounts | 780 | 702 | 1,521 | 1,438 |
Insurance commission income | 193 | 204 | 410 | 383 |
Card and processing income | 1,002 | 906 | 1,974 | 1,870 |
Noninterest Income | 2,166 | 2,008 | 4,239 | 4,236 |
Total Revenues (Loss) | 7,233 | 8,032 | 14,412 | 16,401 |
Virgin Islands Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | 153 | 207 | 294 | 551 |
Virgin Islands Operations Segment [Member] | Not in scope of Topic 606 [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Other non-interest income | $ 38 | $ (11) | $ 40 | $ (6) |
SEGMENT INFORMATION - Additiona
SEGMENT INFORMATION - Additional Information (Detail) | 3 Months Ended |
Jun. 30, 2024 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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Segment Reporting Information [Line Items] | ||||
Interest income | $ 272,245 | $ 252,204 | $ 540,750 | $ 494,600 |
Interest expense | (72,617) | (52,389) | (144,602) | (93,900) |
Net interest income (loss) | 199,628 | 199,815 | 396,148 | 400,700 |
Provision for credit losees - (benefit) expense | 11,605 | 22,230 | 23,772 | 37,732 |
Non-interest income | 32,038 | 36,271 | 66,021 | 68,789 |
Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 272,245 | 252,204 | 540,750 | 494,600 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (72,617) | (52,389) | (144,602) | (93,900) |
Net interest income (loss) | 199,628 | 199,815 | 396,148 | 400,700 |
Provision for credit losees - (benefit) expense | 11,605 | 22,230 | 23,772 | 37,732 |
Non-interest income | 32,038 | 36,271 | 66,021 | 68,789 |
Direct non-interest expenses | 76,441 | 72,843 | 152,902 | 144,998 |
Segment income (loss) | 143,620 | 141,013 | 285,495 | 286,759 |
Average earnings assets | 18,029,725 | 17,930,901 | 18,026,355 | 17,820,826 |
Mortgage Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 14,332 | 21,360 | 30,155 | 43,148 |
Non-interest income | 3,661 | 3,062 | 6,680 | 6,136 |
Mortgage Banking Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 31,446 | 31,605 | 62,889 | 63,512 |
Net (charge) credit for transfer of funds | (17,114) | (10,245) | (32,734) | (20,364) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income (loss) | 14,332 | 21,360 | 30,155 | 43,148 |
Provision for credit losees - (benefit) expense | (9,794) | (3,829) | (10,054) | (4,335) |
Non-interest income | 3,661 | 3,062 | 6,680 | 6,136 |
Direct non-interest expenses | 6,300 | 5,533 | 13,005 | 10,620 |
Segment income (loss) | 21,487 | 22,718 | 33,884 | 42,999 |
Average earnings assets | 2,116,306 | 2,144,340 | 2,121,386 | 2,157,626 |
Consumer Retail Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 151,269 | 142,597 | 300,216 | 280,341 |
Non-interest income | 20,463 | 20,221 | 43,869 | 42,255 |
Consumer Retail Banking Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 95,139 | 86,989 | 189,934 | 170,163 |
Net (charge) credit for transfer of funds | 99,472 | 86,144 | 195,723 | 163,879 |
Interest expense | (43,342) | (30,536) | (85,441) | (53,701) |
Net interest income (loss) | 151,269 | 142,597 | 300,216 | 280,341 |
Provision for credit losees - (benefit) expense | 26,076 | 13,669 | 41,494 | 28,893 |
Non-interest income | 20,463 | 20,221 | 43,869 | 42,255 |
Direct non-interest expenses | 44,688 | 41,814 | 87,333 | 83,441 |
Segment income (loss) | 100,968 | 107,335 | 215,258 | 210,262 |
Average earnings assets | 3,487,340 | 3,241,768 | 3,480,169 | 3,208,146 |
Commercial And Corporate Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 14,927 | 12,933 | 29,855 | 27,873 |
Non-interest income | 4,816 | 8,145 | 9,317 | 12,320 |
Commercial And Corporate Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 72,914 | 65,356 | 145,026 | 127,699 |
Net (charge) credit for transfer of funds | (57,987) | (52,423) | (115,171) | (99,826) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income (loss) | 14,927 | 12,933 | 29,855 | 27,873 |
Provision for credit losees - (benefit) expense | (1,647) | 7,675 | (4,086) | 5,139 |
Non-interest income | 4,816 | 8,145 | 9,317 | 12,320 |
Direct non-interest expenses | 8,355 | 9,340 | 18,694 | 18,705 |
Segment income (loss) | 13,035 | 4,063 | 24,564 | 16,349 |
Average earnings assets | 4,045,222 | 3,770,463 | 4,033,698 | 3,742,205 |
Treasury And Investments Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | (4,851) | (2,789) | (11,383) | (3,447) |
Non-interest income | 98 | 1,680 | 181 | 1,840 |
Treasury And Investments Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 28,912 | 29,528 | 56,970 | 56,994 |
Net (charge) credit for transfer of funds | (21,820) | (22,739) | (43,292) | (42,278) |
Interest expense | (11,943) | (9,578) | (25,061) | (18,163) |
Net interest income (loss) | (4,851) | (2,789) | (11,383) | (3,447) |
Provision for credit losees - (benefit) expense | 60 | (16) | (9) | (25) |
Non-interest income | 98 | 1,680 | 181 | 1,840 |
Direct non-interest expenses | 984 | 923 | 2,055 | 1,870 |
Segment income (loss) | (5,797) | (2,016) | (13,248) | (3,452) |
Average earnings assets | 5,842,575 | 6,364,024 | 5,871,444 | 6,290,669 |
United States Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 18,884 | 19,690 | 37,132 | 40,620 |
Non-interest income | 834 | 1,155 | 1,735 | 2,002 |
United States Operations Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 36,413 | 32,098 | 71,178 | 63,212 |
Net (charge) credit for transfer of funds | (2,551) | (737) | (4,526) | (1,411) |
Interest expense | (14,978) | (11,671) | (29,520) | (21,181) |
Net interest income (loss) | 18,884 | 19,690 | 37,132 | 40,620 |
Provision for credit losees - (benefit) expense | (3,524) | 4,017 | (3,442) | 8,672 |
Non-interest income | 834 | 1,155 | 1,735 | 2,002 |
Direct non-interest expenses | 9,092 | 8,502 | 18,202 | 16,806 |
Segment income (loss) | 14,150 | 8,326 | 24,107 | 17,144 |
Average earnings assets | 2,119,230 | 2,038,621 | 2,103,523 | 2,053,154 |
Virgin Islands Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income (loss) | 5,067 | 6,024 | 10,173 | 12,165 |
Non-interest income | 2,166 | 2,008 | 4,239 | 4,236 |
Virgin Islands Operations Segment [Member] | Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 7,421 | 6,628 | 14,753 | 13,020 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (2,354) | (604) | (4,580) | (855) |
Net interest income (loss) | 5,067 | 6,024 | 10,173 | 12,165 |
Provision for credit losees - (benefit) expense | 434 | 714 | (131) | (612) |
Non-interest income | 2,166 | 2,008 | 4,239 | 4,236 |
Direct non-interest expenses | 7,022 | 6,731 | 13,613 | 13,556 |
Segment income (loss) | (223) | 587 | 930 | 3,457 |
Average earnings assets | $ 419,052 | $ 371,685 | $ 416,135 | $ 369,026 |
SEGMENT INFORMATION - Reconcili
SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Net Income (Loss): | ||||
Income before income taxes | $ 101,379 | $ 100,939 | $ 198,792 | $ 203,572 |
Income tax expense | 25,541 | 30,284 | 49,496 | 62,219 |
Total consolidated net income | 75,838 | 70,655 | 149,296 | 141,353 |
Segment Reconciling Items [Member] | ||||
Net Income (Loss): | ||||
Total income for segments | 143,620 | 141,013 | 285,495 | 286,759 |
Other operating expenses | 42,241 | 40,074 | 86,703 | 83,187 |
Income before income taxes | 101,379 | 100,939 | 198,792 | 203,572 |
Income tax expense | 25,541 | 30,284 | 49,496 | 62,219 |
Total consolidated net income | 75,838 | 70,655 | 149,296 | 141,353 |
Average assets: | ||||
Total average earning assets for segments | 18,029,725 | 17,930,901 | 18,026,355 | 17,820,826 |
Average non-earning assets | 854,706 | 857,677 | 845,010 | 852,680 |
Total consolidated average assets | $ 18,884,431 | $ 18,788,578 | $ 18,871,365 | $ 18,673,506 |
SUPPLEMENTAL STATEMENT OF CAS_3
SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Cash paid for: | ||||
Interest | $ 134,995 | $ 84,530 | ||
Income tax | 49,236 | 82,215 | ||
Operating cash flow from operating leases | 8,693 | 8,630 | ||
Non-cash investing and financing activities: | ||||
Additions to OREO | 4,599 | 10,738 | ||
Additions to auto and other repossessed assets | 29,590 | 29,720 | ||
Capitalization of servicing assets | $ 647 | $ 706 | 1,107 | 1,238 |
Loan securitizations | 58,911 | 65,092 | ||
Loans held for investment transferred to held for sale | 118 | 2,962 | ||
Loans held for sale transferred to held for investment | 0 | 1,714 | ||
Payable related to unsettled purchase of investment securities | 0 | 4,502 | ||
Right-of-use asset obtained in exchange for operating lease liabilities, net of lease terminations | 5,112 | 2,263 | ||
Payable related to unsettled common stock repurchases | $ 760 | $ 0 |
REGULATORY MATTERS, COMMITMEN_3
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jan. 01, 2020 | |
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
One-time charge associated with FDIC implementation of special assessment | $ 7,400 | $ 7,400 | |||
FDIC deposit insurance | 2,316 | $ 2,143 | 5,418 | $ 4,276 | |
Commercial And Financial Standby Letters Of Credit [Member] | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
Commitments to extend credit | 80,500 | ||||
Commitments To Extend Credit [Member] | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
Commitments to extend credit | 2,100,000 | ||||
Commitments To Extend Credit [Member] | Credit Card [Member] | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
Commitments to extend credit | 900,000 | ||||
FDIC Special Assessment [Member] | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
FDIC deposit insurance | $ 200 | $ 1,100 | |||
ASU 2016-13 | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
Percentage Of Increase In ACL Adjusted In Capital Measures | 25% | 25% | 25% | ||
CECL, amount excluded to be phased-on during after two years | $ 16,200 | $ 16,200 | |||
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 | $ (48,600) | ||||
Basel III [Member] | |||||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | |||||
Capital Conservation Buffer | 2.50% | 2.50% |
REGULATORY MATTERS, COMMITMEN_4
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES - Regulatory capital positions (Detail) $ in Thousands | Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) |
First BanCorp [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,394,971 | $ 2,403,319 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 0.1821 | 0.1857 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 1,052,081 | $ 1,035,589 |
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 | $ 2,073,346 | $ 2,084,432 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1577 | 0.1610 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 591,795 | $ 528,519 |
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 | $ 2,073,346 | $ 2,084,432 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1577 | 0.1610 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 789,061 | $ 776,692 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 0.060 | 0.060 |
Leverage Ratio Actual Amount | $ 2,073,346 | $ 2,084,432 |
Leverage Ratio Actual Ratio | 0.1063 | 0.1078 |
Leverage Ratio Required For Capital Adequacy | $ 779,944 | $ 773,615 |
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 | $ 2,364,456 | $ 2,376,003 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 0.1798 | 0.1836 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 1,051,871 | $ 1,035,406 |
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 | $ 1,314,838 | $ 1,294,257 |
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 | $ 2,099,713 | $ 2,113,995 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1597 | 0.1633 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 591,677 | $ 582,416 |
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 | $ 854,645 | $ 841,267 |
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 | $ 2,199,713 | $ 2,213,995 |
Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 0.1673 | 0.1711 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 788,903 | $ 776,554 |
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 | $ 1,051,871 | $ 1,035,406 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 0.080 | 0.080 |
Leverage Ratio Actual Amount | $ 2,199,713 | $ 2,213,995 |
Leverage Ratio Actual Ratio | 0.1129 | 0.1145 |
Leverage Ratio Required For Capital Adequacy | $ 779,653 | $ 773,345 |
Leverage Ratio Required For Capital Adequacy Ratio | 0.040 | 0.040 |
Leverage Ratio Required To Be Well Capitalized | $ 974,566 | $ 966,682 |
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 | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 |
ASSETS | |||
Cash and due from banks | $ 581,843 | $ 661,925 | $ 1,046,534 |
Other assets | 373,041 | 229,215 | |
Total assets | 18,881,374 | 18,909,549 | |
Liabilities: | |||
Long-term borrowings | 161,700 | 161,700 | |
Accounts payable and other liabilities | 199,258 | 194,255 | |
Liabilities | 17,389,914 | 17,411,940 | |
Stockholders Equity | 1,491,460 | 1,497,609 | $ 1,397,999 |
Total liabilities and stockholders' equity | 18,881,374 | 18,909,549 | |
Holding Company [Member] | |||
ASSETS | |||
Cash and due from banks | 10,516 | 11,452 | |
Other investment securities | 1,275 | 825 | |
Dividends receivable | 1,405 | 713 | |
Other assets | 590 | 476 | |
Total assets | 1,658,840 | 1,663,864 | |
Liabilities: | |||
Long-term borrowings | 161,700 | 161,700 | |
Accounts payable and other liabilities | 5,680 | 4,555 | |
Liabilities | 167,380 | 166,255 | |
Stockholders Equity | 1,491,460 | 1,497,609 | |
Total liabilities and stockholders' equity | 1,658,840 | 1,663,864 | |
Holding Company [Member] | Investment In Banking Subsidiary [Member] | |||
ASSETS | |||
Investments | 1,617,826 | 1,627,172 | |
Holding Company [Member] | Non Banking Subsidiary [Member] | |||
ASSETS | |||
Investments | 22,378 | 18,376 | |
Holding Company [Member] | Statutory Trust One [Member] | |||
ASSETS | |||
Investments | 1,289 | 1,289 | |
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 | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Income: | ||||
Interest income on money market investments | $ 23,258 | $ 26,258 | $ 47,380 | $ 53,368 |
Gain on early extinguishment of debt | 0 | 1,605 | 0 | 1,605 |
Expense: | ||||
Income tax expense | 25,541 | 30,284 | 49,496 | 62,219 |
Net income | 75,838 | 70,655 | 149,296 | 141,353 |
Other comprehensive income (loss), net of tax | 10,560 | (54,837) | (4,505) | 32,391 |
Comprehensive income (loss) | 86,398 | 15,818 | 144,791 | 173,744 |
Holding Company [Member] | ||||
Income: | ||||
Interest income on money market investments | 87 | 57 | 150 | 110 |
Gain on early extinguishment of debt | 0 | 1,605 | 0 | 1,605 |
Other income | 100 | 101 | 201 | 203 |
Total income | 81,419 | 92,695 | 162,500 | 171,720 |
Expense: | ||||
Interest expense on long-term borrowings | 3,336 | 3,409 | 6,686 | 6,790 |
Other non-interest expenses | 463 | 462 | 902 | 872 |
Total expenses | 3,799 | 3,871 | 7,588 | 7,662 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 77,620 | 88,824 | 154,912 | 164,058 |
Income tax expense | 0 | 0 | 1 | 1 |
Equity in undistributed earnings of subsidiaries (distributions in excess of earnings) | (1,782) | (18,169) | (5,615) | (22,704) |
Net income | 75,838 | 70,655 | 149,296 | 141,353 |
Other comprehensive income (loss), net of tax | 10,560 | (54,837) | (4,505) | 32,391 |
Comprehensive income (loss) | 86,398 | 15,818 | 144,791 | 173,744 |
Holding Company [Member] | Investment In Banking Subsidiary [Member] | ||||
Income: | ||||
Dividend income | 81,232 | 78,932 | 162,149 | 157,802 |
Holding Company [Member] | Non Banking Subsidiary [Member] | ||||
Income: | ||||
Dividend income | $ 0 | $ 12,000 | $ 0 | $ 12,000 |
Insider Trading Arrangements (D
Insider Trading Arrangements (Details) | 3 Months Ended |
Jun. 30, 2024 | |
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 |