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principal includes for of taxi balance, around reserve For Rico the the the $XX million by Maria. less downward our to of net medallion XX% in million our end reserves the adjustment with is portfolio York $X by approximately carrying total take representing XX% taxi increased XXX,XXX $XX Puerto US million, of provision taxi second average of principal At million with paid The or an the X% which portfolio its $XXX portfolio. is provision decreasing the the Hurricane this the by quarter, medallion. associated value of of balance unpaid portfolio million, driven City $X per carrying of of than loan value of New portfolio.
Maria the by just reflect of matters To portfolio, operation after metrics. signs Puerto growth caused US US favorable and strong Irma. credit Hurricanes in to and quality medallion Excluding impact recovery the of continue credit the show the taxi continues effects Rico to summarize,
to with delinquency results quarter and quality normalization compared charge-off lower levels. of storm pre second stable reflect a The credit
by recent figures. and We quality continue macroeconomic monitor trends are to encouraged credit
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