Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 04, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | First BanCorp. | |
Entity Central Index Key | 0001057706 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Common Stock Shares Outstanding | 208,500,937 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Trading Symbol | FBP | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity File Number | 001-14793 | |
Entity Tax Identification Number | 66-0561882 | |
Entity Address Address Line 1 | 1519 Ponce de León Avenue, Stop 23 | |
Entity Address City Or Town | Santurce | |
Entity Address Country | PR | |
Entity Address Postal Zip Code | 00908 | |
City Area Code | 787 | |
Local Phone Number | 729-8200 | |
Document Quarterly Report | true | |
Security 12b Title | Common Stock ($0.10 par value per share) | |
Security Exchange Name | NYSE | |
Entity Interactive Data Current | Yes | |
Document Transition Report | false | |
Entity Incorporation State Country Code | PR |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 2,786,066 | $ 1,433,261 |
Money market investments: | ||
Time deposits with other financial institutions | 300 | 300 |
Other short term investments | 2,403 | 60,272 |
Total money market investments | 2,703 | 60,572 |
Investment securities available for sale, at fair value: | ||
Securities pledged with creditors right to reledge | 336,733 | 341,789 |
Other Investment Securities Available For Sale | 6,065,525 | 4,305,230 |
Total investment securities available for sale | 6,402,258 | 4,647,019 |
Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $10,685 as of June 30, 2021 and $8,845 December 31, 2020 | 179,327 | 180,643 |
Equity securities | 37,722 | 37,588 |
Total loans, net | 11,095,335 | 11,441,691 |
Loans, net of allowance for credit losses of $324,958 (2020 - $385,887) | 11,062,636 | 11,391,402 |
Loans held for sale, at lower of cost or market | 32,699 | 50,289 |
Premises and equipment, net | 152,974 | 158,209 |
Other real estate owned (OREO) | 66,586 | 83,060 |
Accrued interest receivable on loans and investments | 63,301 | 69,505 |
Deferred tax asset, net | 273,869 | 329,261 |
Goodwill | 38,611 | 38,632 |
Finite Lived Intangible Assets Net | 35,512 | 40,893 |
Other assets | 235,698 | 272,737 |
Total assets | 21,369,962 | 18,793,071 |
LIABILITIES | ||
Total deposits | 18,069,991 | 15,317,383 |
Non-interest-bearing deposits | 6,258,463 | 4,546,123 |
Interest-bearing deposits | 11,811,528 | 10,771,260 |
Securities sold under agreements to repurchase | 300,000 | 300,000 |
Advances from the Federal Home Loan Bank (FHLB) | 320,000 | 440,000 |
Other borrowings | 183,762 | 183,762 |
Accounts payable and other liabilities | 291,254 | 276,747 |
Total liabilities | 19,165,007 | 16,517,892 |
Preferred stock, authorized 50,000,000 shares: | ||
Non-cumulative Perpetual Monthly Income Preferred Stock: 22,828,174 shares issued, 1,444,146 shares outstanding, aggregate liquidation value of $36,104 | 36,104 | 36,104 |
Common stock outstanding, 210,649,414 shares outstanding (2020 - 218,235,064 shares outstanding) | 21,065 | 21,823 |
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 223,632,377 shares issued (2020 - 223,034,348 shares issued) | 22,363 | 22,303 |
Less: Treasury stock (at par value) | (1,298) | (480) |
Additional paid-in capital | 847,412 | 946,476 |
Retained earnings, includes legal surplus reserve of $109,338 | 1,315,352 | 1,215,321 |
Accumulated other comprehensive loss , net of tax of $7,590 as of each June 30, 2021 and December 31, 2020 | (14,978) | 55,455 |
Total stockholders' equity | 2,204,955 | 2,275,179 |
Total liabilities and stockholders' equity | $ 21,369,962 | $ 18,793,071 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Statement Of Financial Position [Abstract] | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 1,166 | $ 1,310 |
Held to Maturity Fair value | 187,645 | 173,806 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 10,685 | 8,845 |
Allowance for credit losses on loans and finance leases | $ 324,958 | $ 385,887 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Non-cumulative Perpetual Monthly Income Preferred Stock: issued | 22,004,000 | 22,004,000 |
Non-cumulative Perpetual Monthly Income Preferred Stock, shares outstanding | 1,444,146 | 1,444,146 |
Non-cumulative Perpetual Monthly Income Preferred Stock, aggregate liquidation value | $ 36,104 | $ 36,104 |
Common stock, par value | $ 0.10 | $ 0.1 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common stock, shares issued | 223,632,377 | 223,034,348 |
Common stock, shares outstanding | 210,649,414 | 218,235,064 |
Legal surplus reserve amount | $ 109,338 | $ 109,338 |
Income Tax Expense | 7,590 | 7,590 |
Amortized cost debt securities | $ 6,410,379 | $ 4,584,851 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Interest and dividend income: | ||||
Loans | $ 182,834 | $ 143,795 | $ 362,807 | $ 290,921 |
Investment securities | 18,192 | 14,538 | 32,512 | 30,414 |
Money market investments and interest-bearing cash accounts | 433 | 283 | 782 | 2,545 |
Total interest income | 201,459 | 158,616 | 396,101 | 323,880 |
Interest expense: | ||||
Deposits | 10,782 | 16,997 | 23,124 | 36,651 |
Loans payable | 0 | 18 | 0 | 21 |
Securities sold under agreements to repurchase | 2,543 | 1,880 | 4,821 | 3,798 |
Advances from FHLB | 2,066 | 2,870 | 4,529 | 5,878 |
Other borrowings | 1,285 | 1,641 | 2,579 | 3,673 |
Total interest expense | 16,676 | 23,406 | 35,053 | 50,021 |
Net interest income | 184,783 | 135,210 | 361,048 | 273,859 |
Provision for credit losses (benefit) expense: | ||||
Provision for credit losses (benefit) expense | (26,302) | 36,408 | (40,745) | 110,453 |
Provision for credit losses (benefit) expense | (26,155) | 39,014 | (41,407) | 116,380 |
Net interest income after provision for credit losses | 210,938 | 96,196 | 402,455 | 157,479 |
Non-interest income: | ||||
Service charges and fees on deposit accounts | 8,788 | 4,475 | 17,092 | 10,432 |
Mortgage banking activities | 6,404 | 3,686 | 13,677 | 7,474 |
Net (loss) gain on sales of investment securities | 0 | (155) | 0 | 8,092 |
Insurance commission income | 2,215 | 1,381 | 7,456 | 5,963 |
Other non-interest income | 12,477 | 11,505 | 22,615 | 19,131 |
Total non-interest income | 29,884 | 20,892 | 60,840 | 51,092 |
Non-interest expenses: | ||||
Employees' compensation and benefits | 49,714 | 39,532 | 100,556 | 82,391 |
Occupancy and equipment | 24,116 | 16,376 | 48,358 | 31,503 |
Business promotion | 3,225 | 2,314 | 6,195 | 5,936 |
Professional fees | 16,764 | 11,968 | 34,465 | 23,761 |
Taxes, other than income taxes | 5,576 | 3,577 | 11,775 | 7,457 |
Federal Deposit Insurance Corporation ("FDIC") deposit insurance | 1,922 | 1,436 | 3,910 | 2,958 |
Net (gain) loss on OREO and OREO operations | (139) | 811 | 1,759 | 1,999 |
Credit and debit card processing expenses | 6,795 | 3,938 | 11,073 | 7,888 |
Communications | 2,407 | 1,852 | 4,869 | 3,729 |
Merger and Restructuring costs | 11,047 | 2,902 | 22,314 | 3,747 |
Other non-interest expenses | 8,745 | 5,080 | 18,199 | 10,601 |
Total non-interest expenses | 130,172 | 89,786 | 263,473 | 181,970 |
Income before income taxes | 110,650 | 27,302 | 199,822 | 26,601 |
Income tax expense | 40,092 | 6,046 | 68,114 | 3,079 |
Net income | 70,558 | 21,256 | 131,708 | 23,522 |
Net income attributable to common stockholders | $ 69,889 | $ 20,587 | $ 130,370 | $ 22,184 |
Net income per common share: | ||||
Basic | $ 0.33 | $ 0.09 | $ 0.61 | $ 0.10 |
Diluted | $ 0.33 | $ 0.09 | $ 0.60 | $ 0.10 |
Debt Securities [Member] | ||||
Provision for credit losses (benefit) expense: | ||||
Provision for Other Credit Losses | $ 1,816 | $ 1,263 | $ 1,713 | $ 2,765 |
Unfunded Loan Commitment [Member] | ||||
Provision for credit losses (benefit) expense: | ||||
Provision for Other Credit Losses | $ (1,669) | $ 1,343 | $ (2,375) | $ 3,162 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||
Net income | $ 70,558 | $ 21,256 | $ 131,708 | $ 23,522 |
Debt securities: | ||||
Unrealized gain (loss) on debt securities for which credit losses has been recognized | 384 | (537) | 831 | (665) |
Reclassification adjustment for credit losses (benefit) expense on debt securities included in net income | 0 | 1,263 | (127) | 1,631 |
Reclassification adjustment for net (loss) gain included in net income on sales of available-for-sale debt securities with no credit losses previously recognized | 0 | 155 | 0 | (8,092) |
All other unrealized holding gains (losses) on available-for-sale securities | 28,112 | 3,273 | (71,137) | 53,632 |
Other comprehensive income (loss) for the period, net of tax | 28,496 | 4,154 | (70,433) | 46,506 |
Total comprehensive income | $ 99,054 | $ 25,410 | $ 61,275 | $ 70,028 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income | $ 131,708 | $ 23,522 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 13,206 | 8,928 |
Amortization of intangible assets | 5,829 | 1,425 |
Provision for credit losses-(benefit) expense | (41,407) | 116,380 |
Deferred income tax expense (benefit) | 55,549 | (10,000) |
Stock-based compensation | 2,754 | 2,442 |
Gain on sales of investment securities | 0 | (8,092) |
Unrealized gain on derivative instruments | (2,340) | (2,127) |
Net loss on disposals or sales of premises and equipment and other assets | 87 | 16 |
Net gain on sales of loans | (8,405) | (3,274) |
Net amortization/accretion of premiums, discounts and deferred loan fees and costs | (11,234) | (508) |
Originations and purchases of loans held for sale | (274,197) | (153,728) |
Sales and repayments of loans held for sale | 305,331 | 157,079 |
Amortization of broker placement fees | 128 | 310 |
Net amortization/accretion of premium and discounts on investment securities | 16,679 | 4,327 |
Decrease (increase) in accrued interest receivable | 6,197 | (13,433) |
Decrease in accrued interest payable | (1,166) | (604) |
Decrease in other assets | 23,356 | 6,812 |
Increase (decrease) in other liabilities | 2,451 | (7,076) |
Net cash provided by operating activities | 224,526 | 122,399 |
Cash flows from investing activities: | ||
Net repayments (disbursements) on loans held for investment | 344,493 | (368,417) |
Proceeds from sales of loans held for investment | 23,575 | 3,610 |
Proceeds from sales of repossessed assets | 25,053 | 15,310 |
Purchases of available-for-sale securities | (2,676,058) | (1,138,194) |
Proceeds from sales of available-for-sale securities | 0 | 277,449 |
Proceeds from principal repayments and maturities of available-for-sale securities | 859,179 | 309,738 |
Proceeds from principal repayments and maturities of held-to-maturity securities | 143 | 142 |
Additions to premises and equipment | (8,123) | (7,010) |
Proceeds from sales of premises and equipment and other assets | 249 | 0 |
Net (purchases) redemptions of other investment securities | (138) | 2,032 |
Payment related to previous acquisition | (3,382) | 0 |
Net cash used in investing activities | (1,435,009) | (905,340) |
Cash flows from financing activities: | ||
Net increase in deposits | 2,758,873 | 1,343,579 |
Net increase in short-term borrowings | 0 | (35,000) |
Repayments of long-term borrowings | (120,000) | (45,000) |
Proceeds from long-term reverse repuchase agreements | 0 | 200,000 |
Repurchase of outstanding common stock | (101,804) | (198) |
Dividends paid on common stock | (30,312) | (21,718) |
Dividends paid on preferred stock | (1,338) | (1,338) |
Net cash provided by financing activities | 2,505,419 | 1,440,325 |
Net increase in cash and cash equivalents | 1,294,936 | 657,384 |
Cash and cash equivalents at beginning of period | 1,493,833 | 644,099 |
Cash and cash equivalents at end of period | 2,788,769 | 1,301,483 |
Cash and cash equivalents include: | ||
Cash And Due From Banks | 2,786,066 | 1,203,791 |
Money market instruments | 2,703 | 97,692 |
Cash and Cash Equivalents, at Carrying Value, Total | $ 2,788,769 | $ 1,301,483 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] |
Total stockholders' equity | $ 36,104 | $ 21,736 | $ 941,652 | $ 1,221,817 | $ 6,764 | |
Balance at beginning of period at Dec. 31, 2019 | 36,104 | 21,736 | 941,652 | 1,221,817 | 6,764 | |
Common stock repurchases | (5) | (193) | ||||
Restricted stock grants | 85 | (85) | ||||
Vesting of performance shares unit | 0 | 0 | ||||
Restricted stock forfeited | 0 | 0 | ||||
Stock-based compensation expense | 2,442 | |||||
Net income | $ 23,522 | 23,522 | ||||
Dividends on common stock | (21,851) | |||||
Dividends on preferred stock | (1,338) | |||||
Other comprehensive income (loss), net of tax | 46,506 | 46,506 | ||||
Balance at end of period at Jun. 30, 2020 | 2,214,834 | 36,104 | 21,816 | 943,816 | 1,159,828 | 53,270 |
Total stockholders' equity | 36,104 | 21,816 | 942,516 | 1,150,199 | 49,116 | |
Balance at beginning of period at Mar. 31, 2020 | 36,104 | 21,816 | 942,516 | 1,150,199 | 49,116 | |
Common stock repurchases | 0 | 0 | ||||
Restricted stock grants | 0 | 0 | ||||
Vesting of performance shares unit | 0 | 0 | ||||
Restricted stock forfeited | 0 | 0 | ||||
Stock-based compensation expense | 1,300 | |||||
Net income | 21,256 | 21,256 | ||||
Dividends on common stock | (10,958) | |||||
Dividends on preferred stock | (669) | |||||
Other comprehensive income (loss), net of tax | 4,154 | 4,154 | ||||
Balance at end of period at Jun. 30, 2020 | 2,214,834 | 36,104 | 21,816 | 943,816 | 1,159,828 | 53,270 |
Total stockholders' equity | 2,214,834 | 36,104 | 21,816 | 943,816 | 1,159,828 | 53,270 |
Total stockholders' equity | 2,275,179 | 36,104 | 21,823 | 946,476 | 1,215,321 | 55,455 |
Balance at beginning of period at Dec. 31, 2020 | 2,275,179 | 36,104 | 21,823 | 946,476 | 1,215,321 | 55,455 |
Common stock repurchases | (817) | (101,759) | ||||
Restricted stock grants | 30 | (30) | ||||
Vesting of performance shares unit | 30 | (30) | ||||
Restricted stock forfeited | (1) | 1 | ||||
Stock-based compensation expense | 2,754 | |||||
Net income | 131,708 | 131,708 | ||||
Dividends on common stock | (30,339) | |||||
Dividends on preferred stock | (1,338) | |||||
Other comprehensive income (loss), net of tax | (70,433) | (70,433) | ||||
Balance at end of period at Jun. 30, 2021 | 2,204,955 | 36,104 | 21,065 | 847,412 | 1,315,352 | (14,978) |
Total stockholders' equity | 36,104 | 21,863 | 945,476 | 1,260,456 | (43,474) | |
Balance at beginning of period at Mar. 31, 2021 | 36,104 | 21,863 | 945,476 | 1,260,456 | (43,474) | |
Common stock repurchases | (798) | (99,403) | ||||
Restricted stock grants | 0 | 0 | ||||
Vesting of performance shares unit | 0 | 0 | ||||
Restricted stock forfeited | 0 | 0 | ||||
Stock-based compensation expense | 1,339 | |||||
Net income | 70,558 | 70,558 | ||||
Dividends on common stock | (14,993) | |||||
Dividends on preferred stock | (669) | |||||
Other comprehensive income (loss), net of tax | 28,496 | 28,496 | ||||
Balance at end of period at Jun. 30, 2021 | 2,204,955 | 36,104 | 21,065 | 847,412 | 1,315,352 | (14,978) |
Total stockholders' equity | $ 2,204,955 | $ 36,104 | $ 21,065 | $ 847,412 | $ 1,315,352 | $ (14,978) |
CONSOLIDATED STATEMENT OF CHA_2
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | Apr. 28, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 |
Statement Of Stockholders Equity [Abstract] | |||||
Dividends declared per common share | $ 0.07 | $ 0.07 | $ 0.05 | $ 0.14 | $ 0.10 |
BASIS OF PRESENTATION AND SIGNI
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Text Block] | NOTE 1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The Consolidated Financial Statements (unaudited) of First BanCorp. (the “Corporation”) have been prepared in conformity with the accounting policies stated in the Corporation’s Audited Consolidated Financial Statements for the fiscal year ended December 31, 2020 (the “audited consolidated financial statements”) included in the 2020 Annual Report on Form 10-K. Certain information and note disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted from these statements pursuant to the rules and regulations of the SEC and, accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements, which are included in the 2020 Annual Report on Form 10-K. All adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the statement of financial position, results of operations and cash flows for the interim periods have been reflected. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the quarter and six-month period ended June 30, 2021 are not necessarily indicative of the results to be expected for the entire year. Effective April 1, 2021, the Corporation updated its policies regarding the timing of recognition of auto loans and small personal loans charge-offs. The update requires the Corporation to charge-off auto loans, finance leases, and small personal loans, or portions of such loans, classified as “loss” when the loan becomes 120 days or more past due. Under the previous policy, the Corporation reserved the portion of auto loans and finance leases deemed “loss” once they were 120 days delinquent and charged-off an auto loan to their net realizable value when the collateral deficiency was deemed uncollectible ( i.e ., when foreclosure/repossession is probable) or when the loan was 365 days past due. For small personal loans, the Corporation previously reserved loans that were classified as “loss” when they were 120 days delinquent and charged-off a loan when the loan became 180 days past due. The policy update is supported by the fact that the majority of consumer loans that become 120 days or more delinquent will ultimately go to foreclosure or the borrower has demonstrated an inability or lack of willingness to meet their obligation to make timely payments to cure the delinquency. At the time we implemented the update to the charge-off policy in the second quarter of 2021, the amount of loans determined to be classified as “loss” amounted to $ 4.1 million, which was charged-off during the quarter. Approximately $ 1.1 million of such charge-off exceeded existing reserves at the time the Corporation implemented the policy update. This update to the policy did not have an impact on the approach we use to estimate the ACL for auto loans, finance leases, and small personal loans. Adoption of New Accounting Requirements Income Tax Simplification In December 2019, the Financial Accounting Standards Board (“FASB”) issued new guidance to simplify the accounting for income taxes by removing certain exceptions to the general principles and the accounting related to areas such as franchise taxes, step-up in tax basis, goodwill, separate entity financial statements and interim recognition of enactment of tax laws or rate changes. For public business entities, the standard took effect for annual reporting periods beginning after December 15, 2020, including interim reporting periods within those fiscal years. The adoption of this guidance during the first quarter of 2021 did not have an effect on the Corporation’s consolidated financial statements. Accounting for Equity Securities and Certain Derivatives In January 2020, the FASB issued new guidance to clarify the accounting for equity securities under ASC Topic 321, “Investments – Equity Securities” (“ASC 321”); investments accounted for under the equity method of accounting in ASC Topic 323, “Investments – Equity Method and Joint Ventures”; and the accounting for certain forward contracts and purchased options accounted for under ASC Topic 815, “Derivatives and Hedging” (“ASC 815”). The guidance clarifies that an entity should consider observable transactions that result in either applying or discontinuing the equity method of accounting for the purpose of applying the measurement alternative provided by ASC 321, which allows certain equity securities without a readily determinable fair value to be measured at cost, less any impairment. When an entity accounts for an investment in equity securities under the measurement alternative and is required to transition to the equity method of accounting because of an observable transaction, it should remeasure the investment at fair value immediately before applying the equity method of accounting. Likewise, when an entity accounts for an investment in equity securities under the equity method of accounting and is required to transition to ASC 321 because of an observable transaction, it should remeasure the investment at fair value immediately after discontinuing the equity method of accounting. These amendments align the accounting for equity securities under the measurement alternative with that of other equity securities accounted for under ASC 321, reducing diversity in accounting outcomes. The guidance also clarifies that, when determining the accounting for nonderivative forward contracts and purchased options, an entity should not consider whether the underlying securities would be accounted for under the equity method or fair value option upon settlement or exercise. These instruments will not fail to meet the scope of ASC 815-10 solely because the securities would be accounted for under the equity method upon settlement of the contract or exercise of the option. For public business entities, the standard took effect for annual reporting periods beginning after December 15, 2020, including interim reporting periods within those fiscal years. The adoption of this guidance during the first quarter of 2021 did not have an effect on the Corporation’s consolidated financial statements. Recently Issued Accounting Standards Not Yet Effective or Not Yet Adopted In July 2021, the FASB updated the Codification and amended ASC Topic 842, “Leases,” to require lessors to classify leases as operating leases if they have variable lease payments that do not depend on an index or rate and would have selling losses if they were classified as sales-type or direct financing leases. When a lease is classified as operating, the lessor does not recognize a net investment in the lease, does not derecognize the underlying asset, and, therefore, does not recognize a selling profit or loss. The leased asset continues to be subject to the measurement and impairment requirements under other applicable GAAP before and after the lease transaction. For public business entities, the amendment will be effective for annual reporting periods beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. The Corporation does not expect that the amendments of this update will have a material effect on its consolidated financial statements. |
BUSINESS COMBINATION
BUSINESS COMBINATION | 6 Months Ended |
Jun. 30, 2021 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | NOTE 2 – BUSINESS COMBINATION Effective as of September 1, 2020, the Corporation completed its previously announced acquisition of Banco Santander Puerto Rico (“BSPR”). The Corporation accounted for the acquisition as a business combination in accordance with ASC Topic 805, “Business Combinations” (“ASC 805”). Accordingly, the Corporation recorded the assets and liabilities assumed, as of the date of the acquisition, at their respective fair values and allocated to goodwill the excess of the purchase price consideration over the fair value of the net assets acquired. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. Fair value estimates related to the acquired assets and liabilities are subject to adjustment for up to one year after the closing date of the acquisition as additional information relative to the closing date fair values becomes available and such information is considered final, whichever is earlier. Since the acquisition, the Corporation has made a net adjustment to goodwill of approximately $ 4.2 million, substantially all recorded in the fourth quarter of 2020 and primarily related to post-closing purchase price adjustments to account for differences between BSPR’s actual excess capital at closing date compared to the BSPR’s excess capital amount used for the preliminary closing statement at acquisition date. Management does not anticipate additional adjustments to the acquisition date valuation amounts presented herein. The following table summarizes the purchase price consideration and estimated fair values of assets acquired and liabilities assumed from BSPR as of September 1, 2020 under the acquisition method of accounting: Fair Value as Originally Recorded Measurement Period Adjustments Fair Value as Remeasured Total purchase price consideration $ 1,277,626 $ 3,382 $ 1,281,008 Fair value of assets acquired: Cash and cash equivalents $ 1,684,252 $ - $ 1,684,252 Investment securities 1,167,225 - 1,167,225 Loans: Residential mortgage loans 807,637 540 808,177 Commercial mortgage loans 740,919 122 741,041 Commercial and Industrial (“C&I”) loans 752,154 ( 390) 751,764 Consumer loans 214,206 ( 488) 213,718 Loans, net 2,514,916 ( 216) 2,514,700 Premises and equipment, net 12,499 - 12,499 Intangible assets 39,232 448 39,680 Other assets 144,008 ( 195) 143,813 Total assets and identifiable intangible assets acquired 5,562,132 37 5,562,169 Fair value of liabilities assumed: Deposits $ 4,194,940 $ - $ 4,194,940 Other liabilities 95,869 865 96,734 Total liabilities assumed 4,290,809 865 4,291,674 Fair value of net assets and identifiable intangible assets acquired 1,271,323 ( 828) 1,270,495 Goodwill $ 6,303 $ 4,210 $ 10,513 Goodwill recognized in this transaction is not deductible for income tax purposes. For a description of the methods used to determine the fair values of significant identifiable assets and liabilities assumed, see Note 2 - Business Combination in the audited consolidated financial statements included in the 2020 Annual Report on Form 10-K. Merger and Restructuring Costs Upon completion of the acquisition, the Corporation began to integrate BSPR’s operations into FirstBank’s operations. Early in July 2021, the Corporation completed the conversion of all remaining BSPR’s core systems into FirstBank’s systems with the conversion of the deposits, debit cards, online banking, ATMs and cash management platforms. In conjunction with the conversion of the remaining core systems, the Corporation consolidated six banking branches which increased to nine the number of branches consolidated in Puerto Rico since the acquisition. Management is still in the process of assessing personnel and functions and expects that the full integration will be completed in the third quarter of 2021. Certain decisions arising from these assessments may involve cancellations of existing contracts and other actions. To the extent there are costs associated with these actions, the costs will be recognized based on the nature and timing of these integration actions. Most acquisition and restructuring costs are expensed as incurred. The Corporation recognized cumulative acquisition expenses of $ 60.2 million through June 30, 2021, of which $ 11.0 million and $ 22.3 million was incurred during the quarter and six-month period ended June 30, 2021, respectively, compared to $ 2.9 million and $ 3.7 million for the comparable periods in 2020, respectively. Acquisition, integration, and restructuring expenses were included in merger and restructuring costs in the consolidated statements of income, and consisted primarily of legal fees, severance and personnel-related costs, service contracts cancellation penalties, valuation services, systems conversion, and other integration efforts, as well as accelerated depreciation charges related to planned closures and consolidation of branches in accordance with the Corporation’s integration and restructuring plan. |
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
EARNINGS PER COMMON SHARE [Text Block] | NOTE 3 – EARNINGS PER COMMON SHARE The calculations of earnings per common share for the quarters and six-month periods ended June 30, 2021 and 2020 are as follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands, except per share information) Net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Less: Preferred stock dividends ( 669) ( 669) ( 1,338) ( 1,338) Net income attributable to common stockholders $ 69,889 $ 20,587 $ 130,370 $ 22,184 Weighted-Average Shares: Average common shares outstanding 213,574 216,920 215,294 216,853 Average potential dilutive common shares 1,035 650 1,139 589 Average common shares outstanding - assuming dilution 214,609 217,570 216,433 217,442 Earnings per common share: Basic $ 0.33 $ 0.09 $ 0.61 $ 0.10 Diluted $ 0.33 $ 0.09 $ 0.60 $ 0.10 Earnings per common share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares issued and outstanding. Net income attributable to common stockholders represents net income adjusted for any preferred stock dividends, including any dividends declared but not yet paid, and any cumulative dividends related to the current dividend period that have not been declared as of the end of the period. Basic weighted-average common shares outstanding exclude unvested shares of restricted stock that do not contain non-forfeitable dividend rights. Potential dilutive common shares consist of unvested shares of restricted stock that do not contain non-forfeitable dividend rights using the treasury stock method. This method assumes that proceeds equal to the amount of compensation cost attributable to future services is used to repurchase shares on the open market at the average market price for the period. The difference between the number of potential dilutive shares issued and the shares purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Unvested shares of restricted stock outstanding during the period that result in lower potentially dilutive shares issued than shares purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect on earnings per share. Potential dilutive common shares also include performance units that do not contain non-forfeitable dividend rights if the performance condition is met as of the end of the reporting period. |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
STOCK-BASED COMPENSATION [Text Block] | NOTE 4 – STOCK-BASED COMPENSATION On May 24, 2016, the Corporation’s stockholders approved the amendment and restatement of the First BanCorp. Omnibus Incentive Plan, as amended (the “Omnibus Plan”), to, among other things, increase the number of shares of common stock reserved for issuance under the Omnibus Plan, extend the term of the Omnibus Plan to May 24, 2026 and re-approve the material terms of the performance goals under the Omnibus Plan for purposes of the then-effective Section 162(m) of the U.S. Internal Revenue Code of 1986, as amended. The Omnibus Plan provides for equity-based and non equity-based compensation incentives (the “awards”) through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, other stock-based awards and cash-based awards. The Omnibus Plan authorizes the issuance of up to 14,169,807 shares of common stock, subject to adjustments for stock splits, reorganizations and other similar events. As of June 30, 2021, 5,082,533 authorized shares of common stock remained available for issuance under the Omnibus Plan. The Corporation’s Board of Directors, based on the recommendation of the Corporation’s Compensation and Benefits Committee, has the power and authority to determine those eligible to receive awards and to establish the terms and conditions of any awards, subject to various limits and vesting restrictions that apply to individual and aggregate awards. Restricted Stock Under the Omnibus Plan, the Corporation may grant restricted stock to plan participants, subject to forfeiture upon the occurrence of certain events until the dates specified in the participant’s award agreement. While the restricted stock is subject to forfeiture and does not contain non-forfeitable dividend rights, participants may exercise full voting rights with respect to the shares of restricted stock granted to them. The restricted stock granted under the Omnibus Plan is typically subject to a vesting period. During the first six months of 2021, the Corporation awarded to an independent director 3,552 shares of restricted stock that are subject to one-year 290,069 shares of restricted stock to employees; fifty percent ( 50%) of those shares vest on the two-year anniversary of the grant date and the remaining 50% vest on the three-year anniversary of the grant date. Included in those 290,069 shares of restricted stock were 19,271 shares granted to retirement-eligible employees. The total expense determined for the restricted stock awarded to retirement-eligible employees was charged against earnings as of the grant date. During the first six months of 2020, the Corporation awarded 851,673 shares of restricted stock to employees; 50% of those shares vest on the two-year anniversary of the grant date and the remaining 50% vest on the three-year anniversary of the grant date. Included in those 851,673 shares of restricted stock were 47,194 shares granted to retirement-eligible employees. The fair value of the shares of restricted stock granted in the first six months of 2021 and 2020 was based on the market price of the Corporation’s outstanding common stock on the date of the respective grant. The following table summarizes the restricted stock activity in the first six months of 2021 under the Omnibus Plan: Six-Month Period Ended June 30, 2021 Number of shares Weighted-Average of restricted Grant Date stock Fair Value Unvested shares outstanding at beginning of period 1,320,723 $ 5.74 Granted 293,621 11.26 Forfeited ( 10,460) 6.10 Vested ( 363,257) 7.98 Unvested shares outstanding as of June 30, 2021 1,240,627 $ 6.39 For the quarter and six-month period ended June 30, 2021, the Corporation recognized $ 0.8 million and $ 1.8 million, respectively, of stock-based compensation expense related to restricted stock awards, compared to $ 0.8 million and $ 1.6 million for the same periods in 2020, respectively. As of June 30, 2021, there was $ 4.5 million of total unrecognized compensation cost related to unvested shares of restricted stock. The weighted average period over which the Corporation expects to recognize such cost was 1.8 years as of June 30, 2021. Stock-based compensation accounting guidance requires the Corporation to reverse compensation expense for any awards that are forfeited due to employee or director turnover. Quarterly changes in the estimated forfeiture rate may have a significant effect on stock-based compensation, as the Corporation recognizes the effect of adjusting the rate for all expense amortization in the period in which the forfeiture estimate is changed. If the actual forfeiture rate is higher than the estimated forfeiture rate, an adjustment is made to increase the estimated forfeiture rate, which will result in a decrease in the expense recognized in the financial statements. If the actual forfeiture rate is lower than the estimated forfeiture rate, an adjustment is made to decrease the estimated forfeiture rate, which will result in an increase in the expense recognized in the financial statements. Performance Units Under the Omnibus Plan, the Corporation may award performance units to Omnibus Plan participants. During the first six months of 2021, the Corporation granted 160,485 units to executives, with each unit representing the value of one share of the Corporation’s common stock. The performance units granted in 2021 are for the performance period beginning January 1, 2021 and ending on December 31, 2023 and are subject to three-year The performance units will vest based on the achievement of a pre-established tangible book value per share target as of December 31, 2023. All the performance units will vest if performance is at the pre-established performance target level or above. However, the participants may vest with respect to 50% of the awards to the extent that performance is below the target but at 80% of the pre-established performance target level (the “80% minimum threshold”), which is measured based upon the growth in the tangible book value during the performance cycle. If performance is between the 80% minimum threshold and the pre-established performance target level, the participants will vest on a proportional amount. No performance units will vest if performance is below the 80% minimum threshold. During the first six months of 2021, the Corporation issued 304,408 shares of common stock related to performance units granted in 2018 that met the pre-established target and vested in the first quarter of 2021. During the first six months of 2020 and 2019, the Corporation awarded 502,307 and 200,053 performance units to executives, respectively. The performance units are subject to three-year The following table summarizes the performance units activity in the first six months of 2021 under the Omnibus Plan: Six-Month Period Ended (Number of units) June 30, 2021 Performance units at beginning of year 1,006,768 Additions 160,485 Vested ( 304,408) Performance units at June 30, 2021 862,845 The fair values of the performance units awarded were based on the market price of the Corporation’s outstanding common stock on the respective date of the grant. For the quarter and six-month period ended June 30, 2021, the Corporation recognized $ 0.5 million and $ 1.0 million, respectively, of stock-based compensation expense related to performance units, compared to $ 0.5 million and $ 0.8 million for the same periods in 2020, respectively. As of June 30, 2021, there was $ 3.4 million of total unrecognized compensation cost related to unvested performance units that the Corporation expects to recognize over the next three years. The total amount of compensation expense recognized reflects management’s assessment of the probability that the pre-established performance goal will be achieved. The Corporation will recognize a cumulative adjustment to compensation expense in the then-current period to reflect any changes in the probability of achievement of the performance goals. Shares withheld During the first six months of 2021, the Corporation withheld 210,572 shares (first six months of 2020 – 50,285 shares) of the restricted stock and performance units that vested during such period to cover the officers’ payroll and income tax withholding liabilities; these shares are held as treasury shares. The Corporation paid in cash any fractional share of salary stock to which an officer was entitled. In the consolidated financial statements, the Corporation treats shares withheld for tax purposes as common stock repurchases. |
INVESTMENT SECURITIES
INVESTMENT SECURITIES | 6 Months Ended |
Jun. 30, 2021 | |
Debt and Equity Securities [Abstract] | |
INVESTMENT SECURITIES [Text Block] | NOTE 5 – INVESTMENT SECURITIES Investment Securities Available for Sale The amortized cost, gross unrealized gains and losses recorded in other comprehensive income (loss), ACL, estimated fair value, and weighted-average yield of investment securities available for sale by contractual maturities as of June 30, 2021 were as follows: June 30, 2021 Amortized cost ACL Fair value Gross Unrealized Weighted- gains losses average yield% (Dollars in thousands) U.S. Treasury securities: After 1 to 5 years $ 7,483 $ - $ 22 $ - $ 7,461 0.22 U.S. government-sponsored agencies' obligations: Due within one year 17,890 83 - - 17,973 1.99 After 1 to 5 years 1,460,921 571 8,572 - 1,452,920 0.59 After 5 to 10 years 520,556 383 8,283 - 512,656 0.85 After 10 years 18,941 280 - - 19,221 0.64 Puerto Rico government obligations: After 10 years (1) 3,772 - 536 308 2,928 6.99 United States and Puerto Rico government obligations 2,029,563 1,317 17,413 308 2,013,159 0.68 Mortgage-backed securities ("MBS"): Freddie Mac (“FHLMC”) certificates: After 1 to 5 years 57 6 - - 63 4.84 After 5 to 10 years 71,675 2,490 - - 74,165 1.91 After 10 years 1,423,584 7,697 13,147 - 1,418,134 1.15 1,495,316 10,193 13,147 - 1,492,362 1.19 Ginnie Mae (“GNMA”) certificates: Due within one year 2 - - - 2 2.42 After 1 to 5 years 21,270 882 - - 22,152 2.91 After 5 to 10 years 33,394 144 134 - 33,404 0.49 After 10 years 434,245 10,897 1,256 - 443,886 1.26 488,911 11,923 1,390 - 499,444 1.28 Fannie Mae (“FNMA”) certificates: After 1 to 5 years 24,790 687 - - 25,477 2.80 After 5 to 10 years 142,874 4,776 46 - 147,604 1.87 After 10 years 1,645,111 14,612 11,869 - 1,647,854 1.26 1,812,775 20,075 11,915 - 1,820,935 1.33 Collateralized mortgage obligations issued or guaranteed by the FHLMC, ` FNMA and GNMA: After 1 to 5 years 413 - - - 413 0.77 After 5 to 10 years 40,819 122 225 - 40,716 1.09 After 10 years 530,752 965 5,041 - 526,676 1.27 571,984 1,087 5,266 - 567,805 1.25 Private label: After 10 years 11,180 - 2,419 858 7,903 2.13 Total MBS 4,380,166 43,278 34,137 858 4,388,449 1.27 Other Due within one year 650 - - - 650 2.88 Total investment securities available for sale $ 6,410,379 $ 44,595 $ 51,550 $ 1,166 $ 6,402,258 1.08 (1) Consist of a residential pass-through MBS issued by the Puerto Rico Housing Finance Authority (“PRHFA”) that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. The amortized cost, gross unrealized gains and losses recorded in other comprehensive income (loss), ACL, estimated fair value, and weighted-average yield of investment securities available for sale by contractual maturities as of December 31, 2020 were as follows: December 31, 2020 Amortized cost Gross Unrealized ACL Fair value Weighted- gains losses average yield% (Dollars in thousands) U.S. Treasury securities: Due within one year $ 7,498 $ 9 $ - $ - $ 7,507 1.65 U.S. government-sponsored agencies' obligations: Due within one year 24,413 273 - - 24,686 1.95 After 1 to 5 years 691,668 911 290 - 692,289 0.57 After 5 to 10 years 441,454 821 347 - 441,928 0.83 After 10 years 21,413 - 149 - 21,264 0.65 Puerto Rico government obligations: After 10 years (1) 3,987 - 780 308 2,899 6.97 United States and Puerto Rico government obligations 1,190,433 2,014 1,566 308 1,190,573 0.72 MBS: FHLMC certificates: After 1 to 5 years 75 8 - - 83 4.86 After 5 to 10 years 60,773 2,850 - - 63,623 2.15 After 10 years 1,070,984 15,340 159 - 1,086,165 1.38 1,131,832 18,198 159 - 1,149,871 1.42 GNMA certificates: Due within one year 1 - - - 1 1.93 After 1 to 5 years 26,918 1,080 - - 27,998 2.91 After 5 to 10 years 40,727 128 69 - 40,786 0.42 After 10 years 614,584 16,271 148 - 630,707 1.27 682,230 17,479 217 - 699,492 1.29 FNMA certificates: After 1 to 5 years 24,812 891 - - 25,703 2.81 After 5 to 10 years 110,832 5,783 - - 116,615 2.13 After 10 years 1,154,707 23,459 203 - 1,177,963 1.53 1,290,351 30,133 203 - 1,320,281 1.61 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA: After 1 to 5 years 538 - 1 - 537 0.81 After 5 to 10 years 18,438 152 - - 18,590 0.80 After 10 years 258,069 1,019 491 - 258,597 1.56 277,045 1,171 492 - 277,724 1.51 Private label: After 10 years 12,310 - 2,880 1,002 8,428 2.25 Total MBS 3,393,768 66,981 3,951 1,002 3,455,796 1.47 Other After 1 to 5 years 650 - - - 650 2.94 Total investment securities available for sale $ 4,584,851 $ 68,995 $ 5,517 $ 1,310 $ 4,647,019 1.28 (1) Consist 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. Maturities of MBS are based on the period of final contractual maturity. Expected maturities of investments might differ from contractual maturities because they may be subject to prepayments and/or call options. The weighted-average yield on investment securities available for sale is based on amortized cost and, therefore, does not give effect to changes in fair value. The net unrealized gain or loss on securities available for sale is presented as part of other comprehensive income (loss). The following tables show the fair value and gross unrealized losses of the Corporation’s available-for-sale investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 30, 2021 and December 31, 2020. The tables also include debt securities for which an ACL was recorded. As of June 30, 2021 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico-government obligations $ - $ - $ 2,928 $ 536 $ 2,928 $ 536 U.S. Treasury and U.S. government agenciesʼ obligations 1,753,004 16,877 - - 1,753,004 16,877 MBS: FNMA 1,184,098 11,915 - - 1,184,098 11,915 FHLMC 1,009,134 13,147 - - 1,009,134 13,147 GNMA 101,832 1,390 - - 101,832 1,390 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA 430,789 5,132 10,455 134 441,244 5,266 Private label MBS - - 7,903 2,419 7,903 2,419 $ 4,478,857 $ 48,461 $ 21,286 $ 3,089 $ 4,500,143 $ 51,550 As of December 31, 2020 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico-government obligations $ - $ - $ 2,899 $ 780 $ 2,899 $ 780 U.S. Treasury and U.S. government agenciesʼ obligations 425,155 621 23,377 165 448,532 786 MBS: FNMA 93,509 203 - - 93,509 203 FHLMC 89,292 159 - - 89,292 159 GNMA 70,504 217 - - 70,504 217 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA 104,500 410 9,761 82 114,261 492 Private label MBS - - 8,428 2,880 8,428 2,880 $ 782,960 $ 1,610 $ 44,465 $ 3,907 $ 827,425 $ 5,517 During the first six months of 2020, proceeds from sales of available-for-sale U.S. agencies MBS amounted to $ 277.4 million, including a gain of $8.1 million. The $ 8.1 million was realized at the tax-exempt international banking entity subsidiary, which had no income tax expense recorded for the first six months of 2020. There were no sales of securities available for sale during the first six months of 2021. Assessment for Credit Losses Debt securities issued by U.S. government agencies, U.S. government-sponsored entities (“GSEs”) , and the U.S. Treasury, including notes and MBS, accounted for approximately 99% of the total available-for-sale portfolio as of June 30, 2021, and the Corporation expects no credit losses on these securities, given the explicit and implicit guarantees provided by the U.S. federal government. Because the decline in fair value is attributable to changes in interest rates, and not credit quality, and because the Corporation does not have the intent to sell these U.S. government and agencies debt securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Corporation does not consider impairments on these securities to be credit related as of June 30, 2021. The Corporation’s credit loss assessment was concentrated mainly on private label MBS, and on Puerto Rico government debt securities, for which credit losses are evaluated on a quarterly basis. The Corporation considered the following factors in determining whether a credit loss existed and the period over which the debt security was expected to recover: Any adverse change to the credit conditions and liquidity of the issuer, taking into consideration the latest information available about the financial condition of the issuer, credit ratings, the failure of the issuer to make scheduled principal or interest payments, recent legislation and government actions affecting the issuer’s industry; and actions taken by the issuer to deal with the present economic climate; Changes in the near-term prospects of the underlying collateral for a security, if any, such as changes in default rates, loss severity given default, and significant changes in prepayment assumptions; and The level of cash flows generated from the underlying collateral, if any, supporting the principal and interest payments of the debt securities. The Corporation’s available-for-sale MBS portfolio included private label MBS with a fair value of $ 7.9 million, which had unrealized losses of approximately $ 3.3 million as of June 30, 2021, of which $ 0.9 million is due to credit deterioration and is part of the ACL. The interest rate on these private-label MBS is variable, tied to 3-month LIBOR and limited to the weighted-average coupon on the underlying collateral. The underlying collateral is fixed-rate, single-family residential mortgage loans in the United States with original FICO scores over 700 and moderate loan-to-value ratios (under 80%), as well as moderate delinquency levels. As of June 30, 2021, the Corporation did not have the intent to sell these securities and determined that it was likely that it will not be required to sell the securities before anticipated recovery. The Corporation determined the ACL for private label MBS based on a risk-adjusted discounted cash flow methodology that considers the structure and terms of the instruments. The Corporation utilized probability of default (“PDs”) and loss given default (“LGDs”) that considered, among other things, historical payment performance, loan-to-value attributes and relevant current and forward-looking macroeconomic variables, such as regional unemployment rates and the housing price index. Under this approach, all future cash flows (interest and principal) from the underlying collateral loans, adjusted by prepayments and the PDs and LGDs, were discounted at the effective interest rate as of the reporting date. Significant assumptions in the valuation of the private label MBS were as follows : As of As of June 30, 2021 December 31, 2020 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 12.7% 12.7% 12.7% 12.2% 12.2% 12.2% Prepayment rate 15.0% 2.0% 22.0% 12.1% 1.2% 18.8% Projected Cumulative Loss Rate 7.3% 0.2% 17.3% 10.2% 2.6% 22.3% The Corporation evaluates if a credit loss exists, primarily by monitoring adverse variances in the present value of expected cash flows. As of June 30, 2021, the ACL for these private label MBS was $ 0.9 million, relatively flat compared to $ 1.0 million as of December 31, 2020. As of June 30, 2021, the Corporation’s available-for-sale investment securities portfolio also included a residential pass-through MBS issued by the PRHFA, collateralized by certain second mortgages, with a fair value of $ 2.9 million, which had an unrealized loss of approximately $ 0.8 million. Approximately $ 0.3 million of the unrealized losses were due to credit deterioration and is part of the ACL. The underlying second mortgage loans were originated under a program launched by the Puerto Rico government in 2010. This residential pass-through MBS was structured as a zero-coupon bond for the first ten years (up to July 2019). The underlying source of repayment on this residential pass-through MBS is second mortgage loans in Puerto Rico. PRHFA, not the Puerto Rico government, provides a guarantee in the event of default and subsequent foreclosure of the properties underlying the second mortgage loans. During the second quarter of 2021, the Corporation placed this instrument in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. The Corporation determined the ACL on this instrument based on a risk-adjusted discounted cash flow methodology that considered the structure and terms of the underlying collateral. The Corporation utilized PDs and LGDs that considered, among other things, historical payment performance, loan-to value attributes and relevant current and forward-looking macroeconomic variables, such as regional unemployment rates, the housing price index and expected recovery from the PRHFA guarantee. Under this approach, all future cash flows (interest and principal) from the underlying collateral loans, adjusted by prepayments and the PDs and LGDs, were discounted at the internal rate of return as of the reporting date and compared to the amortized cost. In the event that the second mortgage loans default and the collateral is insufficient to satisfy the outstanding balance of this residential pass-through MBS, PRHFA’s ability to honor its insurance will depend on, among other factors, the financial condition of PRHFA at the time such obligation becomes due and payable. Further deterioration of the Puerto Rico economy or fiscal health of the PRHFA could impact the value of these securities, resulting in additional losses to the Corporation. As of June 30, 2021, the Corporation did not have the intent to sell this security and determined that it was likely that it will not be required to sell the security before its anticipated recovery. Accrued interest receivable on available-for-sale debt securities totaled $ 10.0 million as of June 30, 2021 ($ 8.5 million as of December 31, 2020) and is excluded from the estimate of credit losses. The following table presents a rollforward by major security type for the quarters and six-month periods ended June 30, 2021 and 2020 of the ACL on debt securities available-for-sale: Quarter Ended June 30, 2021 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 875 $ 308 $ 1,183 Net charge-offs ( 17) - ( 17) ACL on debt securities available-for-sale $ 858 $ 308 $ 1,166 Quarter Ended June 30, 2020 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 368 $ - $ 368 Provision for credit losses 955 308 1,263 ACL on debt securities available-for-sale $ 1,323 $ 308 $ 1,631 Six-Month Period Ended June 30, 2021 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 1,002 $ 308 $ 1,310 Provision for credit losses - (benefit) ( 127) - ( 127) Net charge-offs ( 17) - ( 17) ACL on debt securities available-for-sale $ 858 $ 308 $ 1,166 Six-Month Period Ended June 30, 2020 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ - $ - $ - Provision for credit losses 1,323 308 1,631 ACL on debt securities available-for-sale $ 1,323 $ 308 $ 1,631 Investments Held to Maturity The amortized cost, gross unrecognized gains and losses, estimated fair value, ACL, weighted-average yield and contractual maturities of investment securities held to maturity as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 Amortized cost Fair value ACL Gross Unrecognized (Dollars in thousands) Gains Losses Weighted- average yield% Puerto Rico municipal bonds: Due within one year $ 2,974 $ - $ 10 $ 2,964 $ 60 5.38 After 1 to 5 years 14,937 711 71 15,577 319 2.54 After 5 to 10 years 88,734 2,869 266 91,337 3,567 4.63 After 10 years 83,367 43 5,643 77,767 6,739 3.56 Total investment securities held to maturity $ 190,012 $ 3,623 $ 5,990 $ 187,645 $ 10,685 4.01 December 31, 2020 Amortized cost Fair value ACL Gross Unrecognized (Dollars in thousands) Gains Losses Weighted- average yield% Puerto Rico municipal bonds: Due within one year $ 556 $ 7 $ - $ 563 $ - 5.41 After 1 to 5 years 17,297 561 305 17,553 576 3.00 After 5 to 10 years 88,394 1,388 3,146 86,636 4,401 4.66 After 10 years 83,241 - 14,187 69,054 3,868 3.57 Total investment securities held to maturity $ 189,488 $ 1,956 $ 17,638 $ 173,806 $ 8,845 4.03 The following tables show the Corporation’s held-to-maturity investments’ fair value and gross unrecognized losses, aggregated by investment category and length of time that individual securities had been in a continuous unrecognized loss position, as of June 30, 2021 and December 31, 2020, including debt securities for which an ACL was recorded: As of June 30, 2021 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico municipal bonds $ 14,929 $ 300 $ 89,445 $ 5,690 $ 104,374 $ 5,990 As of December 31, 2020 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico municipal bonds $ 28,252 $ 1,611 $ 116,216 $ 16,027 $ 144,468 $ 17,638 The Corporation determines the ACL of Puerto Rico municipal bonds based on the product of a cumulative PD and LGD, and the amortized cost basis of the bonds over their remaining expected life as described in Note 1 – Nature of Business and Summary of Significant Accounting Policies in the audited consolidated financial statements included in the 2020 Annual Report on Form 10-K. The Corporation performs periodic credit quality reviews on these issuers. All Puerto Rico municipal bonds were current as to scheduled contractual payments as of June 30, 2021. The Puerto Rico municipal bonds had an ACL of $ 10.7 million as of June 30, 2021, up $1.8 million from $ 8.8 million as of December 31, 2020. The increase was mainly related to changes in some issuers’ financial metrics based on their most recent financial statements. According to Corporation’s policy, accrued interest receivable on held-to-maturity debt securities that totaled $ 3.6 million as of each June 30, 2021 and December 31, 2020, was excluded from the estimate of credit losses. The following table presents the activity in the ACL for debt securities held to maturity by major security type for the quarters and six-month periods ended June 30, 2021 and 2020: Puerto Rico Municipal Bonds Quarter Ended Quarter Ended June 30, 2021 June 30, 2020 (In thousands) Beginning Balance $ 8,869 $ 9,268 Provision for credit losses 1,816 - $ 10,685 $ 9,268 During the second quarter of 2019, the oversight board established by PROMESA announced the designation of Puerto Rico’s 78 municipalities as covered instrumentalities under PROMESA. Meanwhile, the latest fiscal plan certified by the PROMESA oversight board did not contemplate a restructuring of the debt of Puerto Rico’s municipalities but contemplates assistance to municipalities through the launch of three municipal incentive funds. Furthermore, municipalities may be affected by the negative economic and other effects resulting from expense, revenue or cash management measures taken by the Puerto Rico government to address its fiscal situation, or measures included in fiscal plans of other government entities, and, more recently, by the effect of the COVID-19 pandemic on the Puerto Rico and global economy. Given the uncertain effect of the negative fiscal situation of the Puerto Rico central government, the COVID-19 pandemic, and the measures taken, or to be taken, by other government entities in response to the COVID-19 pandemic on municipalities, the Corporation cannot be certain whether future charges to the ACL on these securities will be required. From time to time, the Corporation has securities held to maturity with an original maturity of three months or less that are considered cash and cash equivalents and are classified as money market investments in the consolidated statements of financial condition. As of June 30, 2021 and December 31, 2020, the Corporation had no outstanding securities held to maturity that were classified as cash and cash equivalents. Credit Quality Indicators: The held-to-maturity investment securities portfolio consisted of financing arrangements with Puerto Rico municipalities issued in bond form, which are accounted for as securities, but are underwritten as loans with features that are typically found in commercial loans. Accordingly, the Corporation monitors the credit quality of Puerto Rico municipal bonds held-to-maturity through the use of internal credit-risk ratings, which are generally updated on a quarterly basis. The Corporation considers a debt security held-to-maturity as a criticized asset if its risk rating is Special Mention, Substandard, Doubtful or Loss. Puerto Rico municipal bonds that do not meet the criteria for classification as criticized assets are considered to be pass-rated securities. The asset categories are defined below: Pass – Assets classified as pass have a well-defined primary source of repayment, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and strong capitalization. Special Mention – Special Mention assets have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Corporation’s credit position at some future date. Special Mention assets are not adversely classified and do not expose the Corporation to sufficient risk to warrant adverse classification. Substandard – Substandard assets are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful – Doubtful classifications have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, based on currently known facts, conditions and values. A Doubtful classification may be appropriate in cases where significant risk exposures are perceived, but loss cannot be determined because of specific reasonable pending factors, which may strengthen the credit in the near term. Loss – Assets classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this asset even though partial recovery may occur in the future. There is little or no prospect for near term improvement and no realistic strengthening action of significance pending. The Corporation periodically reviews its assets to evaluate if they are properly classified, and to determine impairment, if any. The frequency of these reviews will depend on the amount of the aggregate outstanding debt, and the risk rating classification of the obligor. The Corporation has a Loan Review Group that reports directly to the Corporation’s Risk Management Committee and administratively to the Chief Risk Officer. The Loan Review Group performs annual comprehensive credit process reviews of the Bank’s commercial loan portfolios, including the above-mentioned Puerto Rico municipal bonds accounted for as held-to-maturity securities. This group evaluates the credit risk profile of portfolios, including the assessment of the risk rating representative of the current credit quality of the assets, and the evaluation of collateral documentation, if applicable. The monitoring performed by this group contributes to the assessment of compliance with credit policies and underwriting standards, the determination of the current level of credit risk, the evaluation of the effectiveness of the credit management process and the identification of any deficiency that may arise in the credit-granting process. Based on its findings, the Loan Review Group recommends corrective actions, if necessary, that help in maintaining a sound credit process. The Loan Review Group reports the results of the credit process reviews to the Risk Management Committee. The following table summarizes the amortized cost of the Puerto Rico municipal bonds, which are the Corporation’s only debt securities held-to-maturity, as of June 30, 2021 and December 31, 2020 aggregated by credit quality indicator: Held to Maturity Puerto Rico Municipal Bonds June 30, December 31 (In thousands) 2021 2020 Risk Ratings: Pass $ 190,012 $ 189,488 Criticized: Special Mention - - Substandard - - Doubtful - - Loss - - Total $ 190,012 $ 189,488 No held-to-maturity debt securities were on nonaccrual status, 90 days past due and still accruing, or past due as of June 30, 2021 and December 31, 2020. A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. |
EQUITY SECURITIES
EQUITY SECURITIES | 6 Months Ended |
Jun. 30, 2021 | |
Investments All Other Investments [Abstract] | |
EQUITY SECURITIES [Text Block] | NOTE 6 – EQUITY SECURITIES Institutions that are members of the FHLB system are required to maintain a minimum investment in FHLB stock. Such minimum investment is calculated as a percentage of aggregate outstanding mortgages, and the FHLB requires an additional investment that is calculated as a percentage of total FHLB advances, letters of credit, and the collateralized portion of outstanding interest-rate swaps. The stock is capital stock issued at $ 100 par value. Both stock and cash dividends may be received on FHLB stock. As of June 30, 2021 and December 31, 2020, the Corporation had investments in FHLB stock carried at a cost of $ 27.4 million and $ 31.2 million, respectively. Dividend income from FHLB stock for the quarter and six-month period ended June 30, 2021 was $ 0.4 million and $ 0.8 million, respectively, compared to $ 0.5 million and $ 1.1 million for the quarter and six-month period ended June 30, 2020, respectively. The FHLB of New York issued the shares of FHLB stock owned by the Corporation. The FHLB of New York is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned congressionally chartered banks. The FHLBs are all privately capitalized and operated by their member stockholders. The system is supervised by the Federal Housing Finance Agency, which requires that the FHLBs operate in a financially safe and sound manner, remain adequately capitalized and able to raise funds in the capital markets, and carry out their housing finance mission. As of June 30, 2021 and December 31, 2020, the Corporation owned other equity securities with a readily determinable fair value of approximately $ 5.5 million and $ 1.5 million, respectively. During the quarter and six-month period ended June 30, 2021, the Corporation recognized a marked-to-market gain of $ 27 thousand and a marked-to-market loss of $ 5 13 thousand and $ 40 thousand marked-to-market gain for the quarter and six-month period ended June 30, 2020, respectively), which was recorded as part of other non-interest income in the consolidated statements of income. In addition, the Corporation had other equity securities that do not have a readily-determinable fair value. The carrying value of such securities as of each June 30, 2021 and December 31, 2020 was $ 4.9 million. |
LOANS HELD FOR INVESTMENT
LOANS HELD FOR INVESTMENT | 6 Months Ended |
Jun. 30, 2021 | |
Receivables [Abstract] | |
LOANS HELD FOR INVESTMENT [Text Block] | NOTE 7 – LOANS HELD FOR INVESTMENT The following provides information about the loan portfolio held for investment as of the indicated dates: As of June 30, As of December 31, 2021 2020 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,253,857 $ 3,521,954 Construction loans 177,032 212,500 Commercial mortgage loans 2,154,889 2,230,602 C&I loans (1) (2) (3) 3,083,863 3,202,590 Consumer loans 2,717,953 2,609,643 Loans held for investment (4) 11,387,594 11,777,289 ACL on loans and finance leases ( 324,958) ( 385,887) Loans held for investment, net $ 11,062,636 $ 11,391,402 (1) During the first quarter of 2021, three criticized commercial loan participations totaling $ 28.2 million were transferred to held for sale. These transfers resulted in charge-offs of $ 0.7 million in the first quarter of 2021. Two of these participations totaling $ 24.0 million were sold during the first six months of 2021. (2) As of June 30, 2021 and December 31, 2020, includes $ 349.3 million and $ 406.0 million, respectively, of Small Business Administration (“‘SBA”) Paycheck Protection Program (“SBA PPP”) loans. (3) As of June 30, 2021 and December 31, 2020, includes $ 986.0 million and $ 1.0 billion, respectively, of commercial loans that were secured by real estate but are not dependent upon the real estate for repayment. (4) Includes accretable fair value net purchase discounts of $ 39.1 million and $ 48.0 million as of June 30, 2021 and December 31, 2020, respectively. The following tables present by portfolio classes the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of June 30, 2021 and the interest income recognized on nonaccrual loans for the quarters and six-month periods ended June 30, 2021 and 2020: As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Puerto Rico and Virgin Islands region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (2)(3) Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans ` Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 81,778 $ - $ - $ - $ - Conventional residential mortgage loans 11,435 98,026 109,461 36,618 523 272 835 566 Construction loans 4,236 1,939 6,175 55 17 22 32 42 Commercial mortgage loans 8,731 18,511 27,242 5,718 52 33 102 107 C&I loans 11,508 6,524 18,032 16,706 30 11 47 43 Consumer Loans: Auto loans 4,456 750 5,206 - 31 71 53 121 Finance leases 387 211 598 - - 10 1 21 Personal loans - 964 964 - 26 9 54 28 Credit cards - - - 2,995 - - - - Other consumer loans 6 1,588 1,594 2 1 - 1 5 Total loans held for investment (1) $ 40,759 $ 128,513 $ 169,272 $ 143,872 $ 680 $ 428 $ 1,125 $ 933 (1) Nonaccrual loans exclude $ 362.8 million of troubled debt restructuring (“TDR”) loans that were in compliance with modified terms and in accrual status as of June 30, 2021. (2) Nonaccrual loans exclude purchases with credit deterioration (“PCD”) loans previously accounted for under ASC Subtopic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality” (“ASC Subtopic 310-30”) for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of June 30, 2021 was $ 125.2 million. The portion of such loans contractually past due 90 days or more is presented in the loans past due 90 days or more and still accruing category in the table above. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 8.0 million as of June 30, 2021. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. During the six-month period ended June 30, 2021, the Corporation repurchased, pursuant to the aforementioned repurchase option, $ 0.3 million of loans previously sold to GNMA. As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Florida region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans Loans Past Due 90 days or more and Still Accruing Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 250 $ - $ - $ - $ - Conventional residential mortgage loans 2,524 9,710 12,234 - 60 32 124 115 Construction loans - - - - - - - - Commercial mortgage loans - - - - - - - - C&I loans 513 290 803 34 20 14 38 33 Consumer Loans: Auto loans - 26 26 - - - - 2 Finance leases - - - - - - - - Personal loans - - - - - - - 2 Credit cards - - - - - - - - Other consumer loans - 315 315 - 2 - 7 4 Total loans held for investment (1) $ 3,037 $ 10,341 $ 13,378 $ 284 $ 82 $ 46 $ 169 $ 156 (1) Nonaccrual loans exclude $ 6.3 million of TDR loans that were in compliance with modified terms and in accrual status as of June 30, 2021. As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Total Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (2)(3) Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 82,028 $ - $ - $ - $ - Conventional residential mortgage loans 13,959 107,736 121,695 36,618 583 304 959 681 Construction loans 4,236 1,939 6,175 55 17 22 32 42 Commercial mortgage loans 8,731 18,511 27,242 5,718 52 33 102 107 C&I loans 12,021 6,814 18,835 16,740 50 25 85 76 Consumer Loans: Auto loans 4,456 776 5,232 - 31 71 53 123 Finance leases 387 211 598 - - 10 1 21 Personal loans - 964 964 - 26 9 54 30 Credit cards - - - 2,995 - - - - Other consumer loans 6 1,903 1,909 2 3 - 8 9 Total loans held for investment (1) $ 43,796 $ 138,854 $ 182,650 $ 144,156 $ 762 $ 474 $ 1,294 $ 1,089 (1) Nonaccrual loans exclude $ 369.1 million of TDR loans that were in compliance with modified terms and in accrual status as of June 30, 2021. (2) Nonaccrual loans exclude PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of June 30, 2021 was $ 125.2 million. The portion of such loans contractually past due 90 days or more is presented in the loans past due 90 days or more and still accruing category in the table above. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 8.0 million as of June 30, 2021. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. During the six-month period ended June 30, 2021, the Corporation repurchased, pursuant to the aforementioned repurchase option, $ 0.3 million of loans previously sold to GNMA. The following tables present by portfolio classes the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of December 31, 2020: As of December 31, 2020 Puerto Rico and Virgin Islands region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (3) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 98,993 Conventional residential mortgage loans 12,418 98,527 110,945 38,834 Construction loans 4,546 8,425 12,971 - Commercial mortgage loans 11,777 17,834 29,611 3,252 C&I loans 14,824 5,496 20,320 2,246 Consumer Loans: Auto loans 26 8,638 8,664 - Finance leases - 1,466 1,466 - Personal loans - 1,623 1,623 - Credit cards - - - 1,520 Other consumer loans - 3,682 3,682 - Total loans held for investment (1) $ 43,591 $ 145,691 $ 189,282 $ 144,845 (1) Nonaccrual loans exclude $ 386.7 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. (2) Excludes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of December 31, 2020 was $ 130.9 million. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.7 million as of December 31, 2020. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. As of December 31, 2020 Florida region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans Loans Past Due 90 days or more and Still Accruing (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 250 Conventional residential mortgage loans 2,584 11,838 14,422 - Construction loans - - - - Commercial mortgage loans - - - - C&I loans 561 - 561 - Consumer Loans: Auto loans - 223 223 - Finance leases - - - - Personal loans - - - - Credit cards - - - - Other consumer loans - 601 601 - Total loans held for investment (1) $ 3,145 $ 12,662 $ 15,807 $ 250 (1) Nonaccrual loans exclude $ 6.6 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. As of December 31, 2020 Total Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (3) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 99,243 Conventional residential mortgage loans 15,002 110,365 125,367 38,834 Construction loans 4,546 8,425 12,971 - Commercial mortgage loans 11,777 17,834 29,611 3,252 C&I loans 15,385 5,496 20,881 2,246 Consumer Loans: Auto loans 26 8,861 8,887 - Finance leases - 1,466 1,466 - Personal loans - 1,623 1,623 - Credit cards - - - 1,520 Other consumer loans - 4,283 4,283 - Total loans held for investment (1) $ 46,736 $ 158,353 $ 205,089 $ 145,095 (1) Nonaccrual loans exclude $ 393.3 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. (2) Excludes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of December 31, 2020 was $ 130.9 million. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.7 million as of December 31, 2020. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. When a loan is placed on nonaccrual status, any accrued but uncollected interest income is reversed and charged against interest income and amortization of any net deferred fees is suspended. The amount of accrued interest reversed against interest income totaled $ 0.3 million and $ 1.3 million for the quarter and six-month period ended June 30, 2021, respectively ($ 0.3 million and $ 0.8 million for the quarter and six-month period ended June 30, 2020, respectively). As of June 30, 2021, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $ 162.2 million, including $ 55.1 million of loans insured by the FHA or guaranteed by the VA, and $ 17.5 million of PCD loans acquired prior to the adoption, on January 1, 2020, of CECL and for which the Corporation made the accounting policy election of maintaining pools of loans previously accounted for under ASC 310-30 as “units of account.” The Corporation commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent, in accordance with the requirements of the Consumer Financial Protection Bureau (“CFPB”). Foreclosure procedures and timelines vary depending on whether the property is located in a judicial or non-judicial state. Judicial states ( i.e ., Puerto Rico, Florida and the USVI) require the foreclosure to be processed through the state’s court while foreclosure in non-judicial states ( i.e., the BVI) is processed without court intervention. Foreclosure timelines vary according to local jurisdiction law and investor guidelines. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediations, bankruptcy, court delays and title issues. In Puerto Rico, Florida, and the USVI, and following the actions taken by federal agencies and GSEs ( i.e, FHA, FNMA and FHLMC), the COVID-19-related moratorium on foreclosures from properties financed by federally-backed residential mortgage loans was extended through July 31, 2021. In addition, on July 30, 2021, the FHA, FNMA, and FHLMC extended the moratorium on single-family REO evictions until September 30, 2021. Similarly, on August 3, 2021, the U.S. Center for Disease and Control (“CDC”) issued a new order extending until October 3, 2021 the moratorium on renters evictions. The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of June 30, 2021 is as follows: As of June 30, 2021 Puerto Rico and Virgin Islands region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,250 $ 81,778 $ 84,028 $ 54,146 $ 138,174 Conventional residential mortgage loans (4) - 37,475 146,079 183,554 2,468,234 2,651,788 Commercial loans: Construction loans (4) - 5 6,230 6,235 60,957 67,192 Commercial mortgage loans (4) 1,011 330 32,960 34,301 1,711,535 1,745,836 C&I loans 4,725 1,570 34,738 41,033 2,034,500 2,075,533 Consumer loans: Auto loans 17,678 2,528 5,206 25,412 1,392,527 1,417,939 Finance leases 3,558 487 598 4,643 512,113 516,756 Personal loans 2,876 1,064 964 4,904 335,961 340,865 Credit cards 2,647 1,408 2,995 7,050 285,567 292,617 Other consumer loans 984 656 1,596 3,236 126,202 129,438 Total loans held for investment $ 33,479 $ 47,773 $ 313,144 $ 394,396 $ 8,981,742 $ 9,376,138 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 55.8 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of June 30, 2021, includes $ 8.0 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 4.9 million, $ 67.9 million, $ 10.4 million, and $ 0.2 million, respectively. As of June 30, 2021 Florida region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) $ - $ - $ 250 $ 250 $ 627 $ 877 Conventional residential mortgage loans (3) - 969 12,234 13,203 449,815 463,018 Commercial loans: Construction loans - - - - 109,840 109,840 Commercial mortgage loans (3) - - - - 409,053 409,053 C&I loans 943 - 837 1,780 1,006,550 1,008,330 Consumer loans: Auto loans 331 108 26 465 12,284 12,749 Finance leases - - - - - - Personal loans - - - - 136 136 Credit cards - - - - - - Other consumer loans 9 - 315 324 7,129 7,453 Total loans held for investment $ 1,283 $ 1,077 $ 13,662 $ 16,022 $ 1,995,434 $ 2,011,456 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans). (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. No residential mortgage loans insured by the FHA in the Florida region were over 15 months delinquent as of June 30,2021. (3) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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. Conventional residential mortgage loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 5.3 million. As of June 30, 2021 Total 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,250 $ 82,028 $ 84,278 $ 54,773 $ 139,051 Conventional residential mortgage loans (4) - 38,444 158,313 196,757 2,918,049 3,114,806 Commercial loans: Construction loans (4) - 5 6,230 6,235 170,797 177,032 Commercial mortgage loans (4) 1,011 330 32,960 34,301 2,120,588 2,154,889 C&I loans 5,668 1,570 35,575 42,813 3,041,050 3,083,863 Consumer loans: Auto loans 18,009 2,636 5,232 25,877 1,404,811 1,430,688 Finance leases 3,558 487 598 4,643 512,113 516,756 Personal loans 2,876 1,064 964 4,904 336,097 341,001 Credit cards 2,647 1,408 2,995 7,050 285,567 292,617 Other consumer loans 993 656 1,911 3,560 133,331 136,891 Total loans held for investment $ 34,762 $ 48,850 $ 326,806 $ 410,418 $ 10,977,176 $ 11,387,594 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 55.8 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of June 30, 2021, includes $ 8.0 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 4.9 million, $ 73.2 million, $ 10.4 million, and $ 0.2 million, respectively. The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of December 31, 2020 is as follows: As of December 31, 2020 Puerto Rico and Virgin Islands region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,223 $ 98,993 $ 101,216 $ 48,348 $ 149,564 Conventional residential mortgage loans (4) - 61,040 149,779 210,819 2,641,820 2,852,639 Commercial loans: Construction loans (4) - 19 12,971 12,990 72,026 85,016 Commercial mortgage loans (4) 5,071 6,588 32,863 44,522 1,808,702 1,853,224 C&I loans 3,283 10,692 22,566 36,541 2,228,190 2,264,731 Consumer loans: Auto loans 24,025 5,992 8,664 38,681 1,239,445 1,278,126 Finance leases 5,059 1,086 1,466 7,611 465,378 472,989 Personal loans 4,034 1,981 1,623 7,638 364,373 372,011 Credit cards 3,528 5,842 1,518 10,888 308,936 319,824 Other consumer loans 2,143 993 3,684 6,820 133,162 139,982 Total loans held for investment $ 47,143 $ 96,456 $ 334,127 $ 477,726 $ 9,310,380 $ 9,788,106 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 57.9 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of December 31, 2020, includes $ 10.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 5.9 million, $ 105.2 million, $ 5.0 million, and $ 0.1 million, respectively. As of December 31, 2020 Florida region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) $ - $ - $ 250 $ 250 $ 920 $ 1,170 Conventional residential mortgage loans (2) (3) - 3,237 14,422 17,659 500,922 518,581 Commercial loans: Construction loans - - - - 127,484 127,484 Commercial mortgage loans (3) - - - - 377,378 377,378 C&I loans 218 - 561 779 937,080 937,859 Consumer loans: Auto loans 710 297 223 1,230 17,068 18,298 Finance leases - - - - - - Personal loans - - - - 157 157 Credit cards - - - - - - Other consumer loans 58 - 601 659 7,597 8,256 Total loans held for investment $ 986 $ 3,534 $ 16,057 $ 20,577 $ 1,968,606 $ 1,989,183 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans). (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. No residential mortgage loans insured by the FHA in the Florida region were over 15 months delinquent as of December 31, 2020. (3) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans and conventional residential mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 0.2 million and $ 6.6 million, respectively. As of December 31, 2020 Total 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,223 $ 99,243 $ 101,466 $ 49,268 $ 150,734 Conventional residential mortgage loans (4) - 64,277 164,201 228,478 3,142,742 3,371,220 Commercial loans: Construction loans (4) - 19 12,971 12,990 199,510 212,500 Commercial mortgage loans (4) 5,071 6,588 32,863 44,522 2,186,080 2,230,602 C&I loans 3,501 10,692 23,127 37,320 3,165,270 3,202,590 Consumer loans: Auto loans 24,735 6,289 8,887 39,911 1,256,513 1,296,424 Finance leases 5,059 1,086 1,466 7,611 465,378 472,989 Personal loans 4,034 1,981 1,623 7,638 364,530 372,168 Credit cards 3,528 5,842 1,518 10,888 308,936 319,824 Other consumer loans 2,201 993 4,285 7,479 140,759 148,238 Total loans held for investment $ 48,129 $ 99,990 $ 350,184 $ 498,303 $ 11,278,986 $ 11,777,289 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 57.9 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of December 31, 2020, includes $ 10.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 6.1 million, $ 111.8 million, $ 5.0 million, and $ 0.1 million, respectively. Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes non-homogeneous loans, such as commercial mortgage, commercial and industrial, and construction loans individually to classify the loans’ credit risk. As mentioned above, the Corporation periodically reviews its commercial and construction loans to evaluate if they are properly classified. The frequency of these reviews will depend on the amount of the aggregate outstanding debt, and the risk rating classification of the |
ALLOWANCE FOR CREDIT LOSSES FOR
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES | 6 Months Ended |
Jun. 30, 2021 | |
Loans And Leases Receivable Disclosure [Abstract] | |
ALLOWANCE FOR LOAN AND LEASE LOSSES [Text Block] | NOTE 8 – ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES The following table presents the activity in the ACL for loans and finance leases by portfolio segment for the indicated periods: Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended June 30, 2021 (In thousands) ACL: Beginning balance $ 114,044 $ 4,915 $ 99,782 $ 32,087 $ 108,108 $ 358,936 Provision for credit losses - expense (benefit) 825 ( 196) ( 27,299) ( 426) 794 ( 26,302) Charge-offs ( 2,927) - ( 81) ( 60) ( 14,798) ( 17,866) Recoveries 940 38 50 5,869 3,293 10,190 Ending balance $ 112,882 $ 4,757 $ 72,452 $ 37,470 $ 97,397 $ 324,958 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Six-Month Period Ended June 30, 2021 (In thousands) ACL: Beginning balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 Provision for credit losses - (benefit) expense ( 3,350) ( 652) ( 36,119) ( 5,738) 5,114 ( 40,745) Charge-offs ( 5,752) ( 45) ( 875) ( 869) ( 26,559) ( 34,100) Recoveries 1,673 74 104 6,133 5,932 13,916 Ending balance $ 112,882 $ 4,757 $ 72,452 $ 37,470 $ 97,397 $ 324,958 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Quarter Ended June 30, 2020 (In thousands) ACL: Beginning balance $ 107,082 $ 5,253 $ 33,971 $ 38,310 $ 108,158 $ 292,774 Provision for credit losses - expense (benefit) 6,162 2,601 15,439 ( 5) 12,211 36,408 Charge-offs ( 1,922) ( 71) ( 18) ( 48) ( 9,990) ( 12,049) Recoveries 128 17 43 53 1,923 2,164 Ending balance $ 111,450 $ 7,800 $ 49,435 $ 38,310 $ 112,302 $ 319,297 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Six-Month Period Ended June 30, 2020 (In thousands) ACL: Beginning balance, prior to the adoption of CECL $ 44,806 $ 2,370 $ 39,194 $ 15,198 $ 53,571 $ 155,139 Impact of adopting CECL 49,837 797 ( 19,306) 14,731 35,106 81,165 Provision for credit losses 22,380 4,663 29,606 8,386 45,418 110,453 Charge-offs ( 6,357) ( 74) ( 146) ( 173) ( 25,494) ( 32,244) Recoveries 784 44 87 168 3,701 4,784 Ending balance $ 111,450 $ 7,800 $ 49,435 $ 38,310 $ 112,302 $ 319,297 The Corporation estimates the ACL following the methodologies described in Note 1, – Basis of Presentation and Significant Accounting Policies, in the audited consolidated financial statements included in the 2020 Annual Report on Form 10-K, for each portfolio segment. As of June 30, 2021, the Corporation used the base-case economic scenario from Moody’s Analytics to estimate the ACL. The current baseline scenario shows improvement in 2021 projected unemployment rate, and commercial real estate price index when compared to previous estimates. For example, average commercial real estate price index contraction for the remaining of 2021 is now at 4.96%, compared to an average contraction of 9.01% in the previous forecast. The Puerto Rico, U.S., and Florida forecasted unemployment rate for 2022, in average, is now 7.25%, 3.70%, and 2.70%, respectively. The previous estimate was 7.52% for Puerto Rico, 4.89% for U.S., and 4.5% for Florida, showing a modest improvement for all regions. Expectations for 2022 and 2023, for these macroeconomic variables, respectively, also present an improvement over the forecasted period. As of June 30, 2021, the ACL for loans and finance leases was $ 325.0 million, down $ 60.9 million from December 31, 2020, driven by positive changes in the outlook of macroeconomic assumptions to which the reserve is correlated. The ACL for commercial and construction loans decreased by $ 38.0 million in the first half of 2021, primarily reflecting an improvement in the outlook of macroeconomic variables, including improvements in the commercial real estate price index and unemployment rate forecasts, the overall decline in the size of these portfolios, and the effect of a $5.2 million loan loss recovery recorded in 2021 in connection with a paydown of a nonaccrual commercial and industrial loan. In addition, there was a $ 15.5 million decrease in the ACL for consumer loans and a $ 7.4 million decrease in the ACL for residential mortgage loans. The decrease in the ACL for consumer loans consisted of net charge-offs of $ 20.6 million, primarily taken on personal loans and credit card loans, partially offset by charges to the provision of $ 5.1 million recorded in the first half of 2021 to, among other things, account for the increase in the size of the portfolio of auto loans and finance leases and increases in cumulative historical charge-off levels for personal loans. The decrease in the ACL for residential mortgage loans consisted of net charge-offs of $ 4.1 million and a provision recapture of $ 3.4 million that was primarily related to improvements in the outlook of macroeconomic variables, such as regional unemployment rate and Home Price Index, and the overall portfolio decrease. For those loans where the ACL was determined based on a discounted cash flow model, the change in the ACL due to the passage of time is recorded as part of the provision for credit losses. The tables below present the ACL related to loans and finance leases and the carrying value of loans by portfolio segment as of June 30, 2021 and December 31, 2020: Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total As of June 30, 2021 (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 3,253,857 $ 177,032 $ 2,154,889 $ 3,083,863 $ 2,717,953 11,387,594 Allowance for credit losses 112,882 4,757 72,452 37,470 97,397 324,958 Allowance for credit losses to amortized cost 3.47 % 2.69 % 3.36 % 1.22 % 3.58 2.85 % As of December 31, 2020 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 3,521,954 $ 212,500 $ 2,230,602 $ 3,202,590 $ 2,609,643 $ 11,777,289 Allowance for credit losses 120,311 5,380 109,342 37,944 112,910 385,887 Allowance for credit losses to amortized cost 3.42 % 2.53 % 4.90 % 1.18 % 4.33 % 3.28 % (1) As of June 30, 2021 and December 31, 2020, includes $ 349.3 million and $ 406.0 million of SBA PPP loans, respectively, which require no ACL as these loans are 100% guaranteed by the SBA. In addition, the Corporation estimates expected credit losses over the contractual period in which the Corporation is exposed to credit risk via a contractual obligation to extend credit, such as unfunded loan commitments and standby letters of credit for commercial and construction loans, unless the obligation is unconditionally cancellable by the Corporation. The Corporation estimates the ACL for these off-balance sheet exposures following the methodology described in Note 1 - Basis of Presentation and Significant Accounting Policies, in the audited consolidated financial statements, which are included in the 2020 Annual Report on Form 10-K. As of June 30, 2021, the ACL for off-balance sheet credit exposures was $ 2.7 million, down $ 2.4 million from $ 5.1 million as of December 31, 2020. The decrease was mainly in connection with improvements in the outlook of macroeconomic variables. The following table presents the activity in the ACL for unfunded loan commitments and standby letters of credit for the quarters and six-month periods ended June 30, 2021 and 2020: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Beginning Balance $ 4,399 $ 5,741 $ 5,105 $ - Impact of adopting CECL - - - 3,922 Provision for credit losses - (benefit) expense ( 1,669) 1,343 ( 2,375) 3,162 Ending balance $ 2,730 $ 7,084 $ 2,730 $ 7,084 |
LOANS HELD FOR SALE
LOANS HELD FOR SALE | 6 Months Ended |
Jun. 30, 2021 | |
Receivables Held For Sale [Abstract] | |
LOANS HELD FOR SALE [Text Block] | NOTE 9 – LOANS HELD FOR SALE The Corporation’s loans held-for-sale portfolio as of the dates indicated was composed of: June 30, 2021 December 31, 2020 (In thousands) Residential mortgage loans $ 28,695 $ 50,289 Commercial and Industrial loans (1) 4,004 - Total $ 32,699 $ 50,289 (1) During the first quarter of 2021, three criticized commercial loan participations totaling $ 28.2 million were transferred to held for sale. These transfers resulted in charge-offs of $ 0.7 million in the first quarter of 2021. Two of these participations totaling $ 24.0 million were sold during the first six months of 2021. |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 6 Months Ended |
Jun. 30, 2021 | |
Real Estate Owned Disclosure Of Detailed Components [Abstract] | |
OTHER REAL ESTATE OWNED [Text Block] | NOTE 10 – OTHER REAL ESTATE OWNED The following table presents the OREO inventory as of the dates indicated: June 30, December 31, 2021 2020 (In thousands) OREO OREO balances, carrying value: Residential (1) $ 29,172 $ 32,418 Commercial 31,494 44,356 Construction 5,920 6,286 Total $ 66,586 $ 83,060 (1) Excludes $ 18.5 million and $ 18.6 million as of June 30, 2021 and December 31, 2020, respectively, of foreclosures that meet the conditions of ASC Subtopic 310-40 "Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure," and are presented as a receivable part of other assets in the consolidated statements of financial condition. |
LEASES
LEASES | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Lessee, Operating Leases [Text Block] | NOTE 11 – LEASES The Corporation accounts for its leases in accordance with ASC 842 “Leases” (“ASC Topic 842”), which it adopted on January 1, 2019. ASC Topic 842 requires the Corporation to record liabilities for future lease obligations as well as assets representing the right to use the underlying lease asset. The Corporation’s operating leases are primarily related to the Corporation’s branches and leased commercial space for automated teller machines (“ATMs”). Our leases mainly have terms ranging from two thirty years, some of which include options to extend the leases for up to seven years. Liabilities to make future lease payments are recorded in accounts payable and other liabilities, while right-of-use (“ROU”) assets are recorded in other assets in the Corporation’s consolidated statements of financial condition. As of June 30, 2021, and December 31, 2020, the Corporation did not have a lease that qualifies as a finance lease. Operating lease cost for the quarter and six-month period ended June 30, 2021 amounted to $ 5.6 million and $ 10.6 million, respectively (2020 - $ 2.6 million and $ 5.2 million, respectively), recorded in occupancy and equipment in the consolidated statement of income. Supplemental balance sheet information related to leases as of the dates indicated was as follows: June 30, December 31, 2021 2020 (Dollars in thousands) ROU asset $ 97,047 $ 103,186 Operating lease liability $ 100,469 $ 106,502 Operating lease weighted-average remaining lease term (in years) 8.2 8.5 Operating lease weighted-average discount rate 2.25% 2.25% Generally, the Corporation cannot practically determine the interest rate implicit in the lease. Therefore, the Corporation uses its incremental borrowing rate as the discount rate for the lease. Supplemental cash flow information related to leases for the indicated periods was as follows: Six-Month Period Ended June 30, June 30, 2021 2020 (In thousands) Operating cash flow from operating leases (1) $ 9,817 $ 5,119 ROU assets obtained in exchange for operating lease liabilities (2) 2,610 274 (1) Represents cash paid for amounts included in the measurement of operating lease liabilities. (2) Represents non-cash activity and, accordingly, is not reflected in the consolidated statements of cash flows. Maturities under lease liabilities as of June 30, 2021 were as follows: Amount (In thousands) 2021 $ 9,504 2022 18,228 2023 16,301 2024 14,790 2025 13,646 2026 and later years 39,392 Total lease payments 111,861 Less: imputed interest ( 11,392) Total present value of lease liability $ 100,469 |
DERIVATIVE INSTRUMENTS AND HEDG
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | 6 Months Ended |
Jun. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Text Block] | NOTE 12 – DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES One of the market risks facing the Corporation is interest rate risk, which includes the risk that changes in interest rates will result in changes in the value of the Corporation’s assets or liabilities and will adversely affect the Corporation’s net interest income from its loan and investment portfolios. The overall objective of the Corporation’s interest rate risk management activities is to reduce the variability of earnings caused by changes in interest rates. The Corporation designates a derivative as a fair value hedge, cash flow hedge or economic undesignated hedge when it enters into the derivative contract. As of June 30, 2021 and December 31, 2020, all derivatives held by the Corporation were considered economic undesignated hedges. The Corporation records these undesignated hedges at fair value with the resulting gain or loss recognized in current earnings. The following summarizes the principal derivative activities used by the Corporation in managing interest rate risk: Interest rate cap agreements - Interest rate cap agreements provide the right to receive cash if a reference interest rate rises above a contractual rate. The value of the interest rate cap increases as the reference interest rate rises. The Corporation enters into interest rate cap agreements for protection from rising interest rates. Forward Contracts - Forward contracts are primarily sales of to-be-announced (“TBA”) MBS that will settle over the standard delivery date and do not qualify as “regular way” security trades. Regular-way security trades are contracts that have no net settlement provision and no market mechanism to facilitate net settlement and that provide for delivery of a security within the time frame generally established by regulations or conventions in the market place or exchange in which the transaction is being executed. The forward sales are considered derivative instruments that need to be marked to market. The Corporation uses these securities to economically hedge the FHA/VA residential mortgage loan securitizations of the mortgage-banking operations. The Corporation also reports as forward contracts the mandatory mortgage loan sales commitments that it enters into with GSEs that require or permit net settlement via a pair-off transaction or the payment of a pair-off fee. Unrealized gains (losses) are recognized as part of mortgage banking activities in the consolidated statements of income. Interest Rate Lock Commitments - Interest rate lock commitments are agreements under which the Corporation agrees to extend credit to a borrower under certain specified terms and conditions in which the interest rate and the maximum amount of the loan are set prior to funding. Under the agreement, the Corporation commits to lend funds to a potential borrower, generally on a fixed rate basis, regardless of whether interest rates change in the market. Interest rate swaps – The Corporation acquired interest rate swaps as a result of the acquisition of BSPR. An interest rate swap is an agreement between two entities to exchange cash flows in the future. The agreements acquired from BSPR consist of the Corporation offering borrower-facing derivative products using a “back-to-back” structure in which the borrower-facing derivative transaction is paired with an identical, offsetting transaction with an approved dealer-counterparty. By using a back-to-back trading structure, both the commercial borrower and the Corporation are largely insulated from market risk and volatility. The agreements set the dates on which the cash flows will be paid and the manner in which the cash flows will be calculated. The fair values of these swaps are recorded as components of other assets or accounts payable and other liabilities in the Corporation’s consolidated statement of financial condition. Changes in the fair value of interest rate swaps, which occur due to changes in interest rates, are recorded in the consolidated statements of income as a component of interest income on loans. To satisfy the needs of its customers, the Corporation may enter into non-hedging transactions. In these transactions, the Corporation generally participates as a buyer in one of the agreements and as a seller in the other agreement under the same terms and conditions. In addition, the Corporation enters into certain contracts with embedded derivatives that do not require separate accounting as these are clearly and closely related to the economic characteristics of the host contract. When the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, it is bifurcated, carried at fair value, and designated as a trading or non-hedging derivative instrument. The following table summarizes the notional amounts of all derivative instruments as of the indicated dates: Notional Amounts (1) As of As of June 30, December 31, 2021 2020 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ 14,228 $ 15,864 Written interest rate cap agreements 14,500 14,500 Purchased interest rate cap agreements 14,500 14,500 Interest rate lock commitments 14,811 19,931 Forward Contracts: Sale of TBA GNMA MBS pools 30,000 42,000 Forward loan sales commitments 10,046 19,998 $ 98,085 $ 126,793 (1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions. The following table summarizes for derivative instruments their fair values and location in the consolidated statements of financial condition as of the indicated dates: Asset Derivatives Liability Derivatives Statement of June 30, December 31, June 30, December 31, Financial 2021 2020 2021 2020 Condition Location Fair Value Fair Value Statement of Financial Condition Location Fair Value Fair Value (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Other assets $ 1,312 $ 1,622 Accounts payable and other liabilities $ 1,311 $ 1,639 Written interest rate cap agreements Other assets - - Accounts payable and other liabilities 5 1 Purchased interest rate cap agreements Other assets 5 1 Accounts payable and other liabilities - - Interest rate lock commitments Other assets 493 737 Accounts payable and other liabilities - - Forward Contracts: Sales of TBA GNMA MBS pools Other assets - 102 Accounts payable and other liabilities 110 280 Forward loan sales commitments Other assets 20 20 Accounts payable and other liabilities - - $ 1,830 $ 2,482 $ 1,426 $ 1,920 The following table summarizes the effect of derivative instruments on the consolidated statements of income for the indicated periods: Gain or (Loss) Gain or (Loss) Location of Unrealized (Loss) Gain Quarter Ended Six-Month Period Ended on Derivative Recognized in June 30, June 30, Statement of Income 2021 2020 2021 2020 (In thousands) UNDESIGNATED ECONOMIC HEDGES: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ ( 7) $ - $ 18 $ - Interest rate lock commitments Mortgage Banking Activities ( 220) 747 ( 464) 656 Forward contracts: Sales of TBA GNMA MBS pools Mortgage Banking Activities ( 270) 669 82 4 Total (loss) gain on derivatives $ ( 497) $ 1,416 $ ( 364) $ 660 Derivative instruments are subject to market risk. As is the case with investment securities, the market value of derivative instruments is largely a function of the financial market’s expectations regarding the future direction of interest rates. Accordingly, current market values are not necessarily indicative of the future impact of derivative instruments on earnings. This will depend, for the most part, on the shape of the yield curve, and the level of interest rates, as well as the expectations for rates in the future. As of June 30, 2021, the Corporation had not entered into any derivative instrument containing credit-risk-related contingent features. |
OFFSETTING OF ASSETS AND LIABIL
OFFSETTING OF ASSETS AND LIABILITIES | 6 Months Ended |
Jun. 30, 2021 | |
Offsetting [Abstract] | |
OFFSETTING OF ASSETS AND LIABILITIES [Text Block] | NOTE 13 – OFFSETTING OF ASSETS AND LIABILITIES The Corporation enters into master agreements with counterparties, primarily related to derivatives and repurchase agreements, that may allow for netting of exposures in the event of default. In an event of default, each party has a right of set-off against the other party for amounts owed under the related agreement and any other amount or obligation owed with respect to any other agreement or transaction between them. The following tables present information about contracts subject to offsetting provisions related to financial assets and liabilities as well as derivative assets and liabilities, as of the indicated dates: Offsetting of Financial Assets and Derivative Assets As of June 30, 2021 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 5 $ - $ 5 $ - $ ( 5) $ - As of December 31, 2020 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 89 $ - $ 89 $ - $ ( 89) $ - Offsetting of Financial Liabilities and Derivative Liabilities As of June 30, 2021 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 1,421 $ - $ 1,421 $ ( 200) $ ( 1,221) $ - Securities sold under agreements to repurchase 300,000 - 300,000 ( 300,000) - - Total $ 301,421 $ - $ 301,421 $ ( 300,200) $ ( 1,221) $ - As of December 31, 2020 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 1,919 $ - $ 1,919 $ ( 1,919) $ - $ - Securities sold under agreements to repurchase 300,000 - 300,000 ( 300,000) - - Total $ 301,919 $ - $ 301,919 $ ( 301,919) $ - $ - |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES | 6 Months Ended |
Jun. 30, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
GOODWILL AND OTHER INTANGIBLES [Text Block] | NOTE 14 – GOODWILL AND OTHER INTANGIBLES Goodwill as of each June 30, 2021 and December 31, 2020 amounted to $ 38.6 million. As of June 30, 2021, the Corporation’s goodwill includes $ 28.1 million related to the United States (Florida) reporting unit and $ 10.5 million recorded in connection with the acquisition of BSPR on September 1, 2020. 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 2020, as part of its annual evaluation, the Corporation bypassed the qualitative assessment and proceeded directly to perform quantitative analyses to test for impairment the goodwill of the Florida reporting unit. Based on analyses under both the market and discounted cash flow approaches, the estimated fair value of the Florida reporting unit well exceeded the carrying amount of the entity, including goodwill as of the evaluation date (October 1). During the first six months of 2021, the Corporation evaluated whether there have been any triggering events to accelerate the impairment analysis. The Corporation determined that there have been no significant events since the last annual assessment for the Florida reporting unit and the date on which the Corporation completed the acquisition of BSPR that could indicate potential goodwill impairment on reporting units for which the goodwill is allocated. As a result, no The changes in the carrying amount of goodwill attributable to operating segments are reflected in the following table. The adjustments for 2020 and 2021 are measurement period adjustments, primarily related to post closing purchase price adjustments to account for differences between BSPR’s actual excess capital at closing date compared to the BSPR’s excess capital amount used for the preliminary closing statement at acquisition date. Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking United States Operations Total (In thousands) Goodwill, January 1, 2020 $ - $ - $ - $ 28,098 $ 28,098 Merger and acquisitions 574 794 4,935 - 6,303 Adjustments 385 533 3,313 - 4,231 Goodwill, December 31, 2020 $ 959 $ 1,327 $ 8,248 $ 28,098 $ 38,632 Adjustments 53 74 ( 148) - ( 21) Goodwill, June 30, 2021 $ 1,012 $ 1,401 $ 8,100 $ 28,098 $ 38,611 The Corporation had other intangible assets of $ 35.5 million as of June 30, 2021, consisting of $ 32.4 million in core deposit intangibles, $ 2.9 million in purchased credit card relationship intangibles, and $ 0.2 million in insurance customer relationship intangibles. The following table shows the gross amount and accumulated amortization of the Corporation’s intangible assets as of the indicated dates: As of As of June 30, December 31, 2021 2020 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,096 Accumulated amortization (1) ( 55,128) ( 51,254) Net carrying amount $ 32,416 $ 35,842 Remaining amortization period (in years) 8.5 9.0 Purchased credit card relationship intangible: Gross amount $ 28,265 $ 28,265 Accumulated amortization (2) ( 25,410) ( 23,532) Net carrying amount $ 2,855 $ 4,733 Remaining amortization period (in years) 2.2 2.7 Insurance customer relationship intangible: Gross amount $ 1,067 $ 1,067 Accumulated amortization (3) ( 826) ( 749) Net carrying amount $ 241 $ 318 Remaining amortization period (in years) 1.6 2.1 (1) For the quarter and six-month period ended June 30, 2021, the amortization expense of core deposit intangibles amounted to $ 1.9 million and $ 3.9 million, respectively (2020 - $ 0.2 million and $ 0.4 million, respectively). (2) For the quarter and six-month period ended June 30, 2021, the amortization expense of the purchased credit card relationship intangible asset amounted asset to $ 0.9 million and $ 1.9 million, respectively (2020 - $ 0.5 million and $ 0.9 million, respectively). (3) For the quarter and six-month period ended June 30, 2021, the amortization expense of the insurance customer relationship intangible asset amounted to $ 38 thousand and $ 76 thousand, respectively (2020 - $ 38 thousand and $ 76 thousand, respectively). The Corporation amortizes core deposit intangibles and customer relationship intangibles based on the projected useful lives of the related deposits in the case of core deposit intangibles, and over the projected useful lives of the related client relationships in the case of customer relationship intangibles. As mentioned above, the Corporation analyzes core deposit intangibles and customer relationship intangibles annually for impairment, or sooner if events and circumstances indicate possible impairment. Factors that may suggest impairment include customer attrition and run-off. Management is unaware of any events and/or circumstances that would indicate a possible impairment to the core deposit intangibles or customer relationship intangibles as of June 30, 2021. The estimated aggregate annual amortization expense related to the intangible assets for future periods is as follows as of June 30, 2021: Amount (In thousands) 2021 $ 5,577 2022 8,816 2023 7,736 2024 6,416 2025 3,509 2026 and after 3,458 |
NON-CONSOLIDATED VARIABLE INTER
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS | 6 Months Ended |
Jun. 30, 2021 | |
Transfers and Servicing [Abstract] | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Text Block] | NOTE 15 – NON CONSOLIDATED VARIABLE INTEREST ENTITIES (“VIE”) AND SERVICING ASSETS The Corporation transfers residential mortgage loans in sale or securitization transactions in which it has continuing involvement, including servicing responsibilities and guarantee arrangements. All such transfers have been accounted for as sales as required by applicable accounting guidance. When evaluating the need to consolidate counterparties to which the Corporation has transferred assets, or with which the Corporation has entered into other transactions, the Corporation first determines if the counterparty is an entity for which a variable interest exists. If no scope exception is applicable and a variable interest exists, the Corporation then evaluates whether it is the primary beneficiary of the VIE and whether the entity should be consolidated or not. Below is a summary of transactions with VIEs for which the Corporation has retained some level of continuing involvement: Trust-Preferred Securities In 2004, FBP Statutory Trust I, a financing trust that is wholly owned by the Corporation, sold to institutional investors $ 100 million of its variable-rate trust-preferred securities (“TRuPs”). FBP Statutory Trust I used the proceeds of the issuance, together with the proceeds of the purchase by the Corporation of $ 3.1 million of FBP Statutory Trust I variable-rate common securities, to purchase $ 103.1 million aggregate principal amount of the Corporation’s Junior Subordinated Deferrable Debentures. Also in 2004, FBP Statutory Trust II, a financing trust that is wholly owned by the Corporation, sold to institutional investors $ 125 million of its variable-rate TRuPs. FBP Statutory Trust II used the proceeds of the issuance, together with the proceeds of the purchase by the Corporation of $ 3.9 million of FBP Statutory Trust II variable-rate common securities, to purchase $ 128.9 million aggregate principal amount of the Corporation’s Junior Subordinated Deferrable Debentures. The debentures, net of related issuance costs, are presented in the Corporation’s consolidated statement of financial condition as other borrowings. The variable-rate TRuPs are fully and unconditionally guaranteed by the Corporation. The Junior Subordinated Deferrable Debentures issued by the Corporation in April 2004 and September 2004 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). The Collins Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated certain TRuPs from Tier 1 Capital; however, these instruments may remain in Tier 2 capital until the instruments are redeemed or mature. Under the indentures, the Corporation has the right, from time to time, and without causing an event of default, to defer payments of interest on the Junior Subordinated Deferrable Debentures by extending the interest payment period at any time and from time to time during the term of the subordinated debentures for up to twenty consecutive quarterly periods. As of June 30, 2021, the Corporation was current on all interest payments due on its subordinated debt. Private Label MBS During 2004 and 2005, an unaffiliated party, referred to in this subsection as the seller, established a series of statutory trusts to effect the securitization of mortgage loans and the sale of trust certificates (“private label MBS”). The seller initially provided the servicing for a fee, which is senior to the obligations to pay private label MBS holders. The seller then entered into a sales agreement through which it sold and issued the private label MBS in favor of the Corporation’s banking subsidiary. Currently, the Bank is the sole owner of the private label MBS; the servicing of the underlying residential mortgages that generate the principal and interest cash flows is performed by another third party, which receives a servicing fee. These private label MBS are variable-rate securities indexed to 90-day LIBOR plus a spread. The principal payments from the underlying loans are remitted to a paying agent (servicer), who then remits interest to the Bank. Interest income is shared to a certain extent with the FDIC, which has an interest only strip (“IO”) tied to the cash flows of the underlying loans and is entitled to receive the excess of the interest income less a servicing fee over the variable rate income that the Bank earns on the securities. This IO is limited to the weighted-average coupon on the securities. The FDIC became the owner of the IO upon its intervention of the seller, a failed financial institution. No recourse agreement exists, and the Bank, as the sole holder of the securities, absorbs all risks from losses on non-accruing loans and repossessed collateral. As of June 30, 2021, the amortized cost and fair value of these private label MBS amounted to $ 11.2 million and $ 7.9 million, respectively, with a weighted average yield of 2.13%, which is included as part of the Corporation’s available-for-sale investment securities portfolio. As described in Note 5 – Investment Securities, above, the ACL on these private label MBS amounted to $ 0.9 million as of June 30, 2021. Investment in unconsolidated entity On February 16, 2011, FirstBank sold an asset portfolio consisting of performing and nonaccrual construction, commercial mortgage and commercial and industrial loans with an aggregate book value of $ 269.3 million to CPG/GS, an entity organized under the laws of the Commonwealth of Puerto Rico and majority owned by PRLP Ventures LLC (“PRLP”), a company created by Goldman, Sachs & Co. and Caribbean Property Group. In connection with the sale, the Corporation received $ 88.5 million in cash and a 35% interest in CPG/GS, and made a loan in the amount of $ 136.1 million representing seller financing provided by FirstBank. The loan was refinanced and consolidated with other outstanding loans of CPG/GS in the second quarter of 2018 and was paid in full in October 2019. FirstBank’s equity interest in CPG/GS is accounted for under the equity method. FirstBank recorded a loss on its interest in CPG/GS in 2014 that reduced to zero the carrying amount of the Bank’s investment in CPG/GS. No negative investment needs to be reported as the Bank has no legal obligation or commitment to provide further financial support to this entity; thus, no further losses have been or will be recorded on this investment. CPG/GS used cash proceeds of the aforementioned seller-financed loan to cover operating expenses and debt service payments, including those related to the loan that was paid off in October 2019. FirstBank will not receive any return on its equity interest until PRLP receives an aggregate amount equivalent to its initial investment and a priority return of at least 12%, which has not occurred, resulting in FirstBank’s interest in CPG/GS being subordinate to PRLP’s interest. CPG/GS will then begin to make payments pro rata to PRLP and FirstBank, 35% and 65%, respectively, until FirstBank has achieved a 12% return on its invested capital and the aggregate amount of distributions is equal to FirstBank’s capital contributions to CPG/GS. The Bank has determined that CPG/GS is a VIE in which the Bank is not the primary beneficiary. In determining the primary beneficiary of CPG/GS, the Bank considered applicable guidance that requires the Bank to qualitatively assess the determination of whether it is the primary beneficiary (or consolidator) of CPG/GS based on whether it has both the power to direct the activities of CPG/GS that most significantly affect the entity’s economic performance and the obligation to absorb losses of, or the right to receive benefits from, CPG/GS that could potentially be significant to the VIE. The Bank determined that it does not have the power to direct the activities that most significantly impact the economic performance of CPG/GS as it does not have the right to manage or influence the loan portfolio, foreclosure proceedings, or the construction and sale of the property; therefore, the Bank concluded that it is not the primary beneficiary of CPG/GS. Servicing Assets (MSRs) The Corporation typically transfers first lien residential mortgage loans in conjunction with GNMA securitization transactions in which the loans are exchanged for cash or securities that are readily redeemed for cash proceeds and servicing rights. The securities issued through these transactions are guaranteed by GNMA and, under seller/servicer agreements, the Corporation is required to service the loans in accordance with the issuers’ servicing guidelines and standards. As of June 30, 2021, the Corporation serviced loans securitized through GNMA with a principal balance of $ 2.1 billion. Also, certain conventional conforming loans are sold to FNMA or FHLMC with servicing retained. The Corporation recognizes as separate assets the rights to service loans for others, whether those servicing assets are originated or purchased. MSRs are included as part of other assets in the consolidated statements of financial condition. The changes in MSRs are shown below for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, (In thousands) 2021 2020 2021 2020 Balance at beginning of period $ 32,710 $ 26,484 $ 33,071 $ 26,762 Capitalization of servicing assets 1,550 666 2,900 1,570 Amortization ( 1,920) ( 1,205) ( 3,557) ( 2,214) Temporary impairment recoveries (charges), net 30 95 37 ( 43) Other (1) ( 35) - ( 116) ( 35) Balance at end of period $ 32,335 $ 26,040 $ 32,335 $ 26,040 (1) Amount represents adjustments related to the repurchase of loans serviced for others Impairment charges are recognized through a valuation allowance for each individual stratum of servicing assets. The valuation allowance is adjusted to reflect the amount, if any, by which the cost basis of the servicing asset for a given stratum of loans being serviced exceeds its fair value. Any fair value in excess of the cost basis of the servicing asset for a given stratum is not recognized. Changes in the impairment allowance were as follows for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Balance at beginning of period $ 195 $ 134 $ 202 $ 73 Temporary impairment charges - - - 138 OTTI of servicing assets - - - ( 77) Recoveries ( 30) ( 95) ( 37) ( 95) Balance at end of period $ 165 $ 39 $ 165 $ 39 The components of net servicing income, included as part of mortgage banking activities in the consolidated statements of income, are shown below for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Servicing fees $ 3,018 $ 1,869 $ 5,933 $ 4,003 Late charges and prepayment penalties 217 108 456 258 Adjustment for loans repurchased ( 35) - ( 116) ( 35) Servicing income, gross 3,200 1,977 6,273 4,226 Amortization and impairment of servicing assets ( 1,890) ( 1,110) ( 3,520) ( 2,257) Servicing income, net $ 1,310 $ 867 $ 2,753 $ 1,969 The Corporation’s MSRs are subject to prepayment and interest rate risks. Key economic assumptions used in determining the fair value at the time of sale of the related mortgages ranged as follows for the indicated periods: Maximum Minimum Six-Month Period Ended June 30, 2021: Constant prepayment rate: Government-guaranteed mortgage loans 6.3 % 6.3 % Conventional conforming mortgage loans 6.8 % 6.6 % Conventional non-conforming mortgage loans 8.6 % 8.3 % Discount rate: Government-guaranteed mortgage loans 12.0 % 12.0 % Conventional conforming mortgage loans 10.0 % 10.0 % Conventional non-conforming mortgage loans 13.7 % 13.6 % Six-Month Period Ended June 30, 2020: Constant prepayment rate: Government-guaranteed mortgage loans 6.3 % 6.2 % Conventional conforming mortgage loans 7.0 % 6.9 % Conventional non-conforming mortgage loans 9.2 % 8.7 % Discount rate: Government-guaranteed mortgage loans 12.0 % 12.0 % Conventional conforming mortgage loans 10.0 % 10.0 % Conventional non-conforming mortgage loans 14.3 % 14.1 % The weighted-averages of the key economic assumptions that the Corporation used in its valuation model and the sensitivity of the current fair value to immediate 10% and 20% adverse changes in those assumptions for mortgage loans as of June 30, 2021 and December 31, 2020 were as follows: June 30, December 31, (Dollars in thousands) 2021 2020 Carrying amount of servicing assets $ 32,335 $ 33,071 Fair value $ 41,244 $ 40,294 Weighted-average expected life (in years) 8.01 7.86 Constant prepayment rate (weighted-average annual rate) 6.51 % 6.73 % Decrease in fair value due to 10% adverse change $ 1,005 $ 1,006 Decrease in fair value due to 20% adverse change $ 1,968 $ 1,970 Discount rate (weighted-average annual rate) 11.18 % 11.20 % Decrease in fair value due to 10% adverse change $ 1,819 $ 1,772 Decrease in fair value due to 20% adverse change $ 3,498 $ 3,409 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. |
LOANS PAYABLE
LOANS PAYABLE | 6 Months Ended |
Jun. 30, 2021 | |
DebtDisclosureAbstract | |
Short-term Debt [Text Block] | NOTE 17 – LOANS PAYABLE The Corporation participates in the Borrower-in-Custody (the “BIC Program”) of the FED. Through the BIC Program, a broad range of loans (including commercial, consumer and residential mortgages) may be pledged as collateral for borrowings through the FED Discount Window. As of June 30, 2021, pledged collateral that is related to this credit facility amounted to $ 1.7 billion, mainly commercial, consumer and residential mortgage loans, which after a margin “haircut” to discount the value of collateral pledged, represents an approximately $ 1.1 billion of credit availability under this program. With the impacts of COVID-19 on individual, communities and organizations continuing to evolve, the Federal Reserve has taken several actions to support the economy and financial stability of market participants including, among other things, lowering the target range for the federal funds rate and relaunching large scale asset purchases. The FED Discount Window program provided the opportunity to access a low-rate short-term source of funding in a high volatility market environment. There were no outstanding borrowings under the Primary Credit FED Discount Window Program as of June 30, 2021. |
DEPOSITS
DEPOSITS | 6 Months Ended |
Jun. 30, 2021 | |
Deposits [Abstract] | |
DEPOSITS [Text Block] | NOTE 16 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: June 30, December 31, 2021 2020 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 6,258,463 $ 4,546,123 Interest-bearing saving accounts 5,056,071 4,088,969 Interest-bearing checking accounts 4,023,098 3,651,806 Certificates of deposit ("CDs") 2,594,703 2,814,313 Brokered CDs 137,656 216,172 Total $ 18,069,991 $ 15,317,383 Brokered CDs mature as follows: June 30, 2021 (In thousands) Three months or less $ 29,132 Over three months to six months 8,184 Over six months to one year 26,335 Over one year to three years 53,313 Over three years to five years 20,692 Total $ 137,656 The following were the components of interest expense on deposits for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Interest expense on deposits $ 11,117 $ 16,845 $ 23,842 $ 36,342 Accretion of premiums from acquisitions ( 390) - ( 846) ( 1) Amortization of broker placement fees 55 152 128 310 Total interest expense on deposits $ 10,782 $ 16,997 $ 23,124 $ 36,651 |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of Repurchase Agreements [Abstract] | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Text Block] | NOTE 18 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (repurchase agreements) as of the dates indicated consisted of the following: June 30, 2021 December 31, 2020 (In thousands) Long-term repurchase agreements (1) $ 300,000 $ 300,000 (1) Weighted-average interest rate of 3.35% and 1.77% as of June 30, 2021 and December 31, 2020, respectively. During the first quarter of 2021, the interest rate related to securities sold under agreements to repurchase totaling $ 200 million changed from a variable rate (3-month LIBOR plus 130 to 132 basis points) to a fixed rate of 3.90% after the end of a prespecified lockout period. As of June 30, 2021, all of the outstanding securities sold under agreements to repurchase are tied to fixed interest rates. Repurchase agreements mature as follows as of the indicated date: June 30, 2021 (In thousands) Six months to one year $ 100,000 Over three years to five years 200,000 Total $ 300,000 As of June 30, 2021 and December 31, 2020, the securities underlying such agreements were delivered to the dealers with which the repurchase agreements were transacted. Repurchase agreements as of June 30, 2021 grouped by counterparty, were as follows: (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In months) JP Morgan Chase $ 100,000 7 Credit Suisse First Boston 200,000 43 $ 300,000 |
ADVANCES FROM THE FEDERAL HOME
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | 6 Months Ended |
Jun. 30, 2021 | |
Advances from Federal Home Loan Banks [Abstract] | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Text Block] | NOTE 19 – ADVANCES FROM THE FEDERAL HOME LOAN BANK The following is a summary of the advances from the FHLB as of the indicated dates: June 30, December 31, (In thousands) 2021 2020 Long-term Fixed-rate advances from FHLB (1) $ 320,000 $ 440,000 (1) Weighted-average interest rate of 2.34% and 2.26% as of June 30, 2021 and December 31, 2020, respectively. Advances from FHLB mature as follows as of the indicated date: June 30, 2021 (In thousands) Over three to six months $ 120,000 Over one year to three years 200,000 Total $ 320,000 |
OTHER BORROWINGS
OTHER BORROWINGS | 6 Months Ended |
Jun. 30, 2021 | |
Subordinated Borrowings [Abstract] | |
OTHER BORROWINGS [Text Block] | NOTE 20 – OTHER BORROWINGS Other borrowings, as of the indicated dates, consisted of: June 30, December 31, 2021 2020 (In thousands) Floating rate junior subordinated debentures (FBP Statutory Trust I) (1) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust II) (2) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75% over 3-month LIBOR ( 2.87% as of June 30, 2021 and 2.98% as of December 31, 2020). (2) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50% over 3-month LIBOR ( 2.63% as of June 30, 2021 and 2.74% as of December 31, 2020). |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 6 Months Ended |
Jun. 30, 2021 | |
Stockholders' Equity Note [Abstract] | |
STOCKHOLDERS' EQUITY [Text Block] | NOTE 21 – STOCKHOLDERS’ EQUITY Common Stock As of June 30, 2021 and December 31, 2020, the Corporation had 2,000,000,000 authorized shares of common stock with a par value of $ 0.10 per share. As of June 30, 2021 and December 31, 2020, there were 223,632,377 and 223,034,348 shares issued, respectively, and 210,649,414 and 218,235,064 shares outstanding, respectively. Refer to Note 4 – Stock Based Compensation, above for information about transactions related to common stock under the Omnibus Plan. On April 28, 2021, the Corporation announced that its Board of Directors declared a quarterly cash dividend of $ 0.07 per common share that was paid on June 11, 2021 to shareholders of record at the close of business on May 26, 2021. For the quarter and six-month period ended June 30, 2021, total cash dividends declared on shares of common stock amounted to $ 15.0 million and $ 30.3 million, respectively, compared to $ 11.0 million and $ 21.9 million for the same periods of 2020. The Corporation intends to continue to pay quarterly dividends on common stock. However, the Corporation’s common stock dividends, including the declaration, timing and amount, remain subject to consideration and approval by the Corporation’s Board Directors at the relevant times. Stock Repurchase Program On April 26, 2021, the Corporation announced that its Board of Directors approved a stock repurchase program, under which the Corporation may repurchase up to $ 300 million of its outstanding stock, commencing in the second quarter of 2021 through June 30, 2022. Repurchases under the program may be executed through open market purchases, accelerated share repurchases and/or privately negotiated transactions or plans, including under plans complying with Rule 10b5-1 under the Exchange Act. The Corporation’s stock repurchase program is subject to various factors, including the Corporation’s capital position, liquidity, financial performance and alternative uses of capital, stock trading price, and general market conditions. The repurchase program may be modified, extended, suspended, or terminated at any time at the Corporation’s discretion and may include the redemption of the $ 36.1 million in outstanding shares of the Corporation’s Series A through E Noncumulative Perpetual Monthly Income Preferred Stock. The following table shows the activity of open market and privately negotiated repurchases of shares during the second quarter of 2021: Number of Shares Average Repurchase Price Per Share Amount (In thousands) 2021: Second quarter 7,962,647 (1) $ 12.56 $ 100,000 (1) Includes 4,462,647 shares of common stock repurchased in the open market at an average price of $ 12.62 for a total purchase price of approximately $ 56.3 million, and 3,500,000 shares of common stock repurchased through privately negotiated transactions at an average price of $ 12.48 for a total purchase price of approximately $ 43.7 million. The shares received are held as treasury stock. As of June 30, 2021, the Corporation has remaining authorization to repurchase approximately $ 200 million of common stock under the stock repurchase program. Preferred Stock The Corporation has 50,000,000 authorized shares of preferred stock with a par value of $ 1.00, redeemable at the Corporation’s option, subject to certain terms. This stock may be issued in series and the shares of each series have such rights and preferences as are fixed by the Board of Directors when authorizing the issuance of that particular series. As of June 30, 2021, the Corporation had five outstanding series of non-convertible, non-cumulative perpetual monthly income preferred stock: 7.125% non-cumulative perpetual monthly income preferred stock, Series A; 8.35% non-cumulative perpetual monthly income preferred stock, Series B; 7.40% non-cumulative perpetual monthly income preferred stock, Series C; 7.25% non-cumulative perpetual monthly income preferred stock, Series D; and 7.00% non-cumulative perpetual monthly income preferred stock, Series E. The liquidation value per share is $ 25. Effective January 17, 2012, the Corporation delisted all of its outstanding series of non-convertible, non-cumulative perpetual monthly income preferred stock from the New York Stock Exchange. The Corporation has not arranged for listing and/or registration on another national securities exchange or for quotation of the Series A through E preferred stock in a quotation medium. The Corporation has continued to pay monthly dividend payments on the non-cumulative perpetual monthly income preferred stock. For each of the quarter, and six-month periods ended June 30, 2021 and 2020, total cash dividends declared on shares of preferred stock amounted to $ 0.7 million and $ 1.3 million, respectively. The Corporation intends to continue to make monthly dividend payments on the non-cumulative perpetual monthly income preferred stock. However, the Corporation’s monthly dividend payments on the non-cumulative perpetual monthly income preferred stock, including the declaration, timing and amount, remain subject to consideration and approval by the Corporation’s Board Directors at the relevant times. Treasury stock During the first six months of 2021 and 2020, the Corporation withheld an aggregate of 210,572 shares and 50,285 shares, respectively, of the restricted stock and performance units that vested during those periods, to cover the officers’ payroll and income tax withholding liabilities; these shares are held as treasury stock. Also held as treasury stock are the 7,962,647 shares of common stock repurchased in the second quarter of 2021 as part of the $ 300 million stock repurchase program. As of June 30, 2021 and December 31, 2020, the Corporation had 12,982,963 and 4,799,284 shares held as treasury stock, respectively. FirstBank Statutory Reserve (Legal Surplus) The Banking Law of the Commonwealth of Puerto Rico requires that a minimum of 10% of FirstBank’s net income for the year be transferred to a legal surplus reserve until such surplus equals the total of paid-in-capital on common and preferred stock. Amounts transferred to the legal surplus reserve from retained earnings are not available for distribution to the Corporation, including for payment as dividends to the stockholders, without the prior consent of the Puerto Rico Commissioner of Financial Institutions. 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. FirstBank’s legal surplus reserve, included as part of retained earnings in the Corporation’s consolidated statements of financial condition, amounted to $ 109.3 million as of each of June 30, 2021 and December 31, 2020. There were no transfers to the legal surplus reserve during the first six months of 2021. |
INCOME TAXES
INCOME TAXES | 6 Months Ended |
Jun. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES [Text Block] | NOTE 22 - INCOME TAXES Income tax expense includes Puerto Rico and USVI income taxes, as well as applicable U.S. federal and state taxes. The Corporation is subject to Puerto Rico income tax on its income from all sources. As a Puerto Rico corporation, FirstBank is treated as a foreign corporation for U.S. and USVI income tax purposes and, accordingly, is generally subject to U.S. and USVI income tax only on its income from sources within the U.S. and USVI or income effectively connected with the conduct of a trade or business in those jurisdictions. Any such tax paid in the U.S. and USVI is also creditable against the Corporation’s Puerto Rico tax liability, subject to certain conditions and limitations. Under the Puerto Rico Internal Revenue Code of 2011, as amended (the “2011 PR Code”), the Corporation and its subsidiaries are treated as separate taxable entities and are not entitled to file consolidated tax returns and, thus, the Corporation is generally not entitled to utilize losses from one subsidiary to offset gains in another subsidiary. Accordingly, in order to obtain a tax benefit from a net operating loss (“NOL”), a particular subsidiary must be able to demonstrate sufficient taxable income within the applicable NOL carry-forward period. Pursuant to the 2011 PR Code, the carry-forward period for NOLs incurred during taxable years that commenced after December 31, 2004 and ended before January 1, 2013 is 12 years; for NOLs incurred during taxable years commencing after December 31, 2012, the carryover period is 10 years. The 2011 PR Code provides a dividend received deduction of 100% on dividends received from “controlled” subsidiaries subject to taxation in Puerto Rico and 85% on dividends received from other taxable domestic corporations. The Corporation has maintained an effective tax rate lower than the maximum statutory rate of 37.5% mainly by investing in government obligations and MBS exempt from U.S. and Puerto Rico income taxes and by doing business through an international banking entity (“an IBE”) unit of the Bank, and through the Bank’s subsidiary, FirstBank Overseas Corporation, whose interest income and gains on sales is exempt from Puerto Rico income taxation. The IBE unit and FirstBank Overseas Corporation were created under the International Banking Entity Act of Puerto Rico, which provides for total Puerto Rico tax exemption on net income derived by IBEs operating in Puerto Rico on the specific activities identified in the IBE Act. An IBE that operates as a unit of a bank pays income taxes at the corporate standard rates to the extent that the IBE’s net income exceeds 20% of the bank’s total net taxable income. For the second quarter and first six months of 2021, the Corporation recorded an income tax expense of $ 40.1 million and $ 68.1 million, respectively, compared to $ 6.0 million and $ 3.1 million for the comparable periods in 2020. The variances were primarily related to both, higher pre-tax income driven by credit losses reserve releases in the 2021 periods, compared to the significant charges to the provision recorded during the comparable periods in 2020, and a higher estimated effective tax rate resulting from higher levels of taxable income. For the quarter and six-month period ended June 30, 2021, the Corporation calculated the provision for income taxes by applying the estimated annual effective tax rate for the full fiscal year to ordinary income or loss. In the computation of the consolidated worldwide annual estimated effective tax rate, ASC Topic 740-270, “Income Taxes” (“ASC 740-270”), requires the exclusion of legal entities with pre-tax losses from which a tax benefit cannot be recognized. The Corporation’s estimated annual effective tax rate in the first six months of 2021, excluding entities from which a tax benefit cannot be recognized and discrete items, was 33%, compared to 25% for the first six months of 2020. The estimated annual effective tax rate, including all entities, for 2021 was 34% ( 34% excluding discrete items), compared to 27% for the first six months of 2020 ( 27% excluding discrete items). The Corporation’s net deferred tax asset amounted to $ 273.9 million as of June 30, 2021, net of a valuation allowance of $ 104.5 million, and management concluded, based upon the assessment of all positive and negative evidence, that it was more likely than not that the Corporation will generate sufficient taxable income within the applicable NOL carry-forward periods to realize such amount. The net deferred tax asset of the Corporation’s banking subsidiary, FirstBank, amounted to $ 273.7 million as of June 30, 2021, net of a valuation allowance of $ 64.6 million, compared to a net deferred tax asset of $ 329.1 million, net of a valuation allowance of $ 59.9 million, as of December 31, 2020. The decrease in the deferred tax assets is mainly driven by the aforementioned credit losses reserve release, as well as the usage of net operating losses. The increase in the valuation allowance during the first six months of 2021 was primarily related to the change in the market value of available-for-sale securities. The Corporation maintains a full valuation allowance for its deferred tax assets associated with capital loss carry forward, thus, the change in the market value of available-for-sale securities resulted in a change in the deferred tax asset and an equal change in the valuation allowance without having an effect on earnings. In 2017, the Corporation completed a formal ownership change analysis within the meaning of Section 382 of the U.S. Internal Revenue Code (“Section 382”) covering a comprehensive period and concluded that an ownership change had occurred during such period. The Section 382 limitation has resulted in higher U.S. and USVI income tax liabilities than we would have incurred in the absence of such limitation. The Corporation has mitigated to an extent the adverse effects associated with the Section 382 limitation as any such tax paid in the U.S. or USVI can be creditable against Puerto Rico tax liabilities or taken as a deduction against taxable income. However, our ability to reduce our Puerto Rico tax liability through such a credit or deduction depends on our tax profile at each annual taxable period, which is dependent on various factors. For the second quarter and six-month period ended June 30, 2021, the Corporation incurred an income tax expense of approximately $ 1.4 million and $ 2.5 million, respectively, related to its U.S. operations, compared to $ 1.2 million and $ 2.2 million, respectively, for the comparable periods in 2020. The limitation did not impact the USVI operations in the second quarter and six-month periods ended June 30, 2021 and 2020. The Corporation accounts for uncertain tax positions under the provisions of ASC Topic 740. The Corporation’s policy is to report interest and penalties related to unrecognized tax benefits in income tax expense. As of June 30, 2021, the Corporation had $ 0.2 million of accrued interest and penalties related to uncertain tax positions in the amount of $ 1.0 million that it acquired from BSPR, which, if recognized, would decrease the effective income tax rate in future periods. The amount of unrecognized tax benefits may increase or decrease in the future for various reasons, including adding amounts for current tax year positions, expiration of open income tax returns due to the statute of limitations, changes in management’s judgment about the level of uncertainty, the status of examinations, litigation, and legislative activity, and the addition or elimination of uncertain tax positions. The statute of limitations under the 2011 PR code is four years; the statute of limitations for U.S. and USVI income tax purposes is three years after a tax return is due or filed, whichever is later. The completion of an audit by the taxing authorities or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Corporation’s liability for income taxes. Any such adjustment could be material to the results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. For U.S. and USVI income tax purposes, all tax years subsequent to 2017 remain open to examination. For Puerto Rico tax purposes, all tax years subsequent to 2016 remain open to examination. |
OTHER COMPREHENSIVE (LOSS) INCO
OTHER COMPREHENSIVE (LOSS) INCOME | 6 Months Ended |
Jun. 30, 2021 | |
Statement of Other Comprehensive Income [Abstract] | |
OTHER COMPREHENSIVE INCOME [Text Block] | NOTE 23 – OTHER COMPREHENSIVE (LOSS) INCOME The following table presents changes in accumulated other comprehensive (loss) income for the quarters and six-month periods ended June 30, 2021 and 2020: Changes in Accumulated Other Comprehensive (Loss) Income by Component (1) Quarter Ended Six-Month Period Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 (In thousands) Unrealized net holding (losses) gains on debt securities: Beginning balance $ ( 43,204) $ 49,116 $ 55,725 $ 6,764 Other comprehensive income (loss) 28,496 4,154 ( 70,433) 46,506 Ending balance $ ( 14,708) $ 53,270 $ ( 14,708) $ 53,270 Adjustment of pension and postretirement benefit plans: Beginning balance $ ( 270) $ - $ ( 270) $ - Other comprehensive income (loss) - - - - Ending balance $ ( 270) $ - $ ( 270) $ - (1) All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income during the quarters and six-month periods ended June 30, 2021 and 2020: Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Quarter Ended Six-Month Period Ended June 30, June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 2021 2020 (In thousands) Unrealized net holding gains (losses) on debt securities: Realized gain on sale of debt securities Net gain (loss) on sales of investment securities $ - $ 155 $ - $ ( 8,092) Provision for credit losses - Provision for credit losses - expense (benefit) expense (benefit) - 1,263 ( 127) 1,631 Total before tax - 1,418 ( 127) ( 6,461) Income tax expense (benefit) - - - - Total, net of tax $ - $ 1,418 $ ( 127) $ ( 6,461) |
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS | 6 Months Ended |
Jun. 30, 2021 | |
Employees' Benefit Plan [Abstract] | |
Employees' Benefit Plan [Text Block] | NOTE 24 – EMPLOYEE BENEFIT PLANS The Corporation maintains two frozen qualified noncontributory defined benefit pension plans (the “Pension Plans”) and a related complementary post-retirement benefit plan covering medical benefits and life insurance after retirement that it obtained in the BSPR acquisition (the “Postretirement Benefit Plan”) on September 1, 2020. One defined benefit pension plan covers substantially all of BSPR’s former employees who were active before January 1, 2007, while the other defined benefit pension plan covers personnel of an institution previously-acquired by BSPR. Benefits are based on salary and years of service. The accrual of benefits under the Pension Plans is frozen to all participants. The Corporation requires recognition of a plan’s overfunded and underfunded status as an asset or liability with an offsetting adjustment to accumulated other comprehensive loss pursuant to the ASC Topic 715, Compensation-Retirement Benefits. The following table presents the components of net periodic benefit (income) loss for the Pension Plans and Postretirement Benefit Plan for the indicated periods: Quarter Ended June 30, 2021 Six-Month Period Ended June 30, 2021 Location Pension Plans Postretirement Benefit Plan Pension Plans Postretirement Benefit Plan (In thousands) Net periodic benefit (income) loss: Interest cost Other expenses $ 618 $ 2 $ 1,236 $ 4 Estimated return on plan assets Other expenses ( 1,131) - ( 2,262) - Net periodic benefit (income) loss $ ( 513) $ 2 $ ( 1,026) $ 4 The Corporation does not expect to contribute to the Pension Plans during 2021. |
FAIR VALUE
FAIR VALUE | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE [Text Block] | NOTE 25 – FAIR VALUE Fair Value Measurement The FASB authoritative guidance for fair value measurement defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This guidance also establishes a fair value hierarchy for classifying financial instruments. The hierarchy is based on whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. One of three levels of inputs may be used to measure fair value: Level 1 Valuations of Level 1 assets and liabilities are obtained from readily-available pricing sources for market transactions involving identical assets or liabilities. Level 1 assets and liabilities include equity securities that trade in an active exchange market, as well as certain U.S. Treasury and other U.S. government and agency securities and corporate debt securities that are traded by dealers or brokers in active markets. Level 2 Valuations of Level 2 assets and liabilities are based on observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include (i) MBS for which the fair value is estimated based on the value of identical or comparable assets, (ii) debt securities with quoted prices that are traded less frequently than exchange-traded instruments, and (iii) derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Level 3 Valuations of Level 3 assets and liabilities are based on unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined by using pricing models for which the determination of fair value requires significant management judgment as to the estimation. Financial Instruments Recorded at Fair Value on a Recurring Basis Investment securities available for sale and marketable equity securities held at fair value The fair value of investment securities was the market value based on quoted market prices (as is the case with U.S. Treasury notes, non-callable U.S. agencies debt securities, and equity securities with readily determinable fair values), when available (Level 1), or, market prices for identical or comparable assets (as is the case with MBS and callable U.S. agency debt securities) that are based on observable market parameters, including benchmark yields, reported trades, quotes from brokers or dealers, issuer spreads, bids, offers and reference data, including market research operations, when available (Level 2). Observable prices in the market already consider the risk of nonperformance. If listed prices or quotes are not available, fair value is based upon discounted cash flow models that use unobservable inputs due to the limited market activity of the instrument, as is the case with certain private label MBS held by the Corporation (Level 3). Derivative instruments The fair value of most of the Corporation’s derivative instruments is based on observable market parameters and takes into consideration the credit risk component of paying counterparties, when appropriate. On interest caps, only the seller's credit risk is considered. The Corporation valued the caps using a discounted cash flow approach based on the related LIBOR and swap rate for each cash flow The Corporation valued the interest rate swaps using a discounted cash flow approach based on the related LIBOR and swap forward rate for each cash flow. The Corporation considers a credit spread for those derivative instruments that are not secured. The cumulative mark-to-market effect of credit risk in the valuation of derivative instruments for the quarters and six-month periods ended June 30, 2021 and 2020 was immaterial. Assets and liabilities measured at fair value on a recurring basis are summarized below as of June 30, 2021 and December 31, 2020: As of June 30, 2021 As of December 31, 2020 Fair Value Measurements Using Fair Value Measurements Using (In thousands) Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value Assets: Securities available for sale: U.S. Treasury securities $ 7,461 $ - $ - $ 7,461 $ 7,507 $ - $ - $ 7,507 Noncallable U.S. agency debt securities - 299,681 - 299,681 - 173,371 - 173,371 Callable U.S. agencies debt securities and MBS - 6,083,635 - 6,083,635 - 4,454,164 - 4,454,164 Puerto Rico government obligations - - 2,928 2,928 - - 2,899 2,899 Private label MBS - - 7,903 7,903 - - 8,428 8,428 Other investments - - 650 650 - - 650 650 Equity securities 5,473 - - 5,473 1,474 - - 1,474 Derivatives, included in assets: Interest rate swap agreements - 1,312 - 1,312 - 1,622 - 1,622 Purchased interest rate cap agreements - 5 - 5 - 1 - 1 Interest rate lock commitments - 493 - 493 - 737 - 737 Forward contracts - - - - - 102 - 102 Forward loan sales commitments - 20 - 20 - 20 - 20 Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - 1,311 - 1,311 - 1,639 - 1,639 Written interest rate cap agreements - 5 - 5 - 1 - 1 Forward contracts - 110 - 110 - 280 - 280 The table below presents a reconciliation of the beginning and ending balances of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and six-month periods ended June 30, 2021 and 2020: Quarter Ended June 30, 2021 2020 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 11,776 $ 13,769 Total gains (losses) (realized/unrealized): Included in other comprehensive income 384 726 Included in earnings - ( 1,263) Principal repayments and amortization ( 679) ( 589) Ending balance $ 11,481 $ 12,643 (1) Amounts mostly related to private label MBS. Six-Month Period Ended June 30, 2021 2020 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 11,977 $ 14,590 Total gains (losses) (realized/unrealized): Included in other comprehensive income 705 966 Included in earnings 127 ( 1,631) Principal repayments and amortization ( 1,328) ( 1,282) Ending balance $ 11,481 $ 12,643 (1) Amounts mostly related to private label MBS. The tables below present qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2021 and December 31, 2020: June 30, 2021 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 7,903 Discounted cash flows Discount rate 12.7% 12.7% 12.7% Prepayment rate 2.0% 22.0% 15.0% Projected cumulative loss rate 0.2% 17.3% 7.3% Puerto Rico government obligations 2,928 Discounted cash flows Discount rate 6.7 6.7 6.7 Projected cumulative loss rate 10.7% 10.7% 10.7% December 31, 2020 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 8,428 Discounted cash flows Discount rate 12.2% 12.2% 12.2% Prepayment rate 1.2% 18.8% 12.1% Projected cumulative loss rate 2.6% 22.3% 10.2% Puerto Rico government obligations 2,899 Discounted cash flows Discount rate 7.9% 7.9% 7.9% Projected cumulative loss rate 12.4% 12.4% 12.4% Information about Sensitivity to Changes in Significant Unobservable Inputs Private label MBS : The significant unobservable inputs in the valuation include probability of default, the loss severity assumption, and prepayment rates. Shifts in those inputs would result in different fair value measurements. Increases in the probability of default, loss severity assumptions, and prepayment rates in isolation would generally result in an adverse effect on the fair value of the instruments. The Corporation modeled meaningful and possible shifts of each input to assess the effect on the fair value estimation. Puerto Rico Government Obligations : The significant unobservable input used in the fair value measurement is the assumed loss rate of the underlying residential mortgage loans that collateralize these obligations, which are guaranteed by the PRHFA. A significant increase (decrease) in the assumed rate would lead to a (lower) higher fair value estimate. The fair value of these bonds was based on a discounted cash flow methodology that considers the structure and terms of the underlying collateral. The Corporation utilizes PDs and LGDs that consider, among other things, historical payment performance, loan-to-value attributes and relevant current and forward-looking macroeconomic variables, such as regional unemployment rates, the housing price index and the expected recovery of PRHFA guarantee. Under this approach, all future cash flows (interest and principal) from the underlying collateral loans, adjusted by prepayments and the PDs and LGDs derived from the above-described methodology, are discounted at the internal rate of return as of the reporting date and compared to the amortized cost. The table below summarizes changes in unrealized gains and losses recorded in earnings for the quarters and six-month periods ended June 30, 2021 and 2020 for Level 3 assets and liabilities that were still held at the end of each period: Changes in Unrealized Losses Quarter Ended June 30, Six-Month Period Ended June 30, 2021 2020 2021 2020 Level 3 Instruments Only Securities Available for Sale Securities Available for Sale Securities Available for Sale Securities Available for Sale (In thousands) Changes in unrealized losses relating to assets still held at reporting date: Provision for credit losses - benefit (expense) $ - $ ( 1,263) $ 127 $ ( 1,631) Additionally, fair value is used on a nonrecurring basis to evaluate certain assets in accordance with GAAP. Adjustments to fair value usually result from the application of lower-of-cost or market accounting ( e.g. , loans held for sale carried at the lower-of-cost or fair value and repossessed assets) or write-downs of individual assets ( e.g. , goodwill and loans). As of June 30, 2021, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis as shown in the following table: Carrying value as of June 30, 2021 Losses recorded for the Quarter Ended June 30, 2021 Losses recorded for the Six-Month Period Ended June 30, 2021 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 237,393 $ ( 149) $ ( 1,822) OREO (2) - - 66,586 ( 225) ( 374) Loans held for sale (3) - - 4,004 - ( 116) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. (3) Commercial loan participation transferred to held for sale in the first quarter of 2021 and still in inventory at the end of the period. The value of this loan was primarily derived from offers of market participants that the Corporation considered. As of June 30, 2020, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis as shown in the following table: Losses recorded Losses recorded for the Quarter Ended for the Six-Month Period Ended Carrying value as of June 30, 2020 June 30, 2020 June 30, 2020 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 244,938 $ ( 3,097) $ ( 5,669) OREO (2) - - 96,319 ( 375) ( 1,020) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. Qualitative information regarding the fair value measurements for Level 3 financial instruments as of June 30, 2021 are as follows: June 30, 2021 Method Inputs Loans Income, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors OREO Income, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors The following tables present the carrying value, estimated fair value and estimated fair value level of the hierarchy of financial instruments as of June 30, 2021 and December 31, 2020: Total Carrying Amount in Statement of Financial Condition as of June 30, 2021 Fair Value Estimate as of June 30, 2021 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 2,788,769 $ 2,788,769 $ 2,788,769 $ - $ - Investment securities available for sale (fair value) 6,402,258 6,402,258 7,461 6,383,316 11,481 Investment securities held to maturity (amortized cost) 190,012 Less: allowance for credit losses on held to held to maturity securities (10,685) Investment securities held to maturity, net of allowance $ 179,327 187,645 - - 187,645 Equity Securities (fair value) 37,722 37,722 5,473 32,249 - Loans held for sale (lower of cost or market) 32,699 33,517 - 29,513 4,004 Loans, held for investment (amortized cost) 11,387,594 Less: allowance for credit losses for loans and finance leases ( 324,958) Loans held for investment, net of allowance $ 11,062,636 11,167,655 - - 11,167,655 Derivatives, included in assets (fair value) 1,830 1,830 - 1,830 - Liabilities: Deposits (amortized cost) $ 18,069,991 $ 18,107,570 $ - $ 18,107,570 $ - Securities sold under agreements to repurchase (amortized cost) 300,000 326,127 - 326,127 - Advances from FHLB (amortized cost) 320,000 326,280 - 326,280 - Other borrowings (amortized cost) 183,762 148,695 - - 148,695 Derivatives, included in liabilities (fair value) 1,426 1,426 - 1,426 - Total Carrying Amount in Statement of Financial Condition as of December 31, 2020 Fair Value Estimate as of December 31, 2020 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 1,493,833 $ 1,493,833 $ 1,493,833 $ - $ - Investment securities available for sale (fair value) 4,647,019 4,647,019 7,507 4,627,535 11,977 Investment securities held to maturity (amortized cost) 189,488 Less: allowance for credit losses on held to maturity securities ( 8,845) Investment securities held to maturity, net of allowance 180,643 173,806 - - 173,806 Equity securities (fair value) 37,588 37,588 1,474 36,114 - Loans held for sale (lower of cost or market) 50,289 52,322 - 52,322 - Loans, held for investment (amortized cost) 11,777,289 Less: allowance for credit losses for loans and finance leases ( 385,887) Loans held for investment, net of allowance $ 11,391,402 11,564,635 - - 11,564,635 Derivatives, included in assets (fair value) 2,842 2,842 - 2,842 - Liabilities: Deposits (amortized cost) $ 15,317,383 $ 15,363,236 $ - $ 15,363,236 $ - Securities sold under agreements to repurchase (amortized cost) 300,000 329,493 - 329,493 - Advances from FHLB (amortized cost) 440,000 446,703 - 446,703 - Other borrowings (amortized cost) 183,762 151,645 - - 151,645 Derivatives, included in liabilities (fair value) 1,920 1,920 - 1,920 - The short-term nature of certain assets and liabilities result in their carrying value approximating fair value. These include cash and due from banks and other short-term assets, such as FHLB stock. Certain assets, the most significant being premises and equipment, mortgage servicing rights, core deposit, and other customer relationship intangibles, are not considered financial instruments and are not included above. Accordingly, this fair value information is not intended to, and does not, represent the Corporation’s underlying value. Many of these assets and liabilities that are subject to the disclosure requirements are not actively traded, requiring management to estimate fair values. These estimates necessarily involve the use of assumptions and judgment about a wide variety of factors, including but not limited to, relevancy of market prices of comparable instruments, expected futures cash flows, and appropriate discount rates. |
REVENUE FROM CONTRACTS WITH CUS
REVENUE FROM CONTRACTS WITH CUSTOMERS | 6 Months Ended |
Jun. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
REVENUE FROM CONTRACTS WITH CUSTOMER [Text Block] | NOTE 26 – REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition In accordance with ASC Topic 606, “Revenue from Contracts with Customers” (“ASC Topic 606”), revenues are recognized when control of promised goods or services is transferred to customers and in an amount that reflects the consideration to which the Corporation expects to be entitled in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC Topic 606, the Corporation performs the following five steps: (i) identifies the contract(s) with a customer; (ii) identifies the performance obligations in the contract; (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligations in the contract; and (v) recognizes revenue when (or as) the Corporation satisfies a performance obligation. The Corporation only applies the five-step model to contracts when it is probable that the entity will collect the consideration to which it is entitled in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC Topic 606, the Corporation assesses the goods or services that are promised within each contract, identifies those that contain performance obligations, and assesses whether each promised good or service is distinct. The Corporation then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. Disaggregation of Revenue The following table summarizes the Corporation’s revenue, which includes net interest income on financial instruments and non-interest income, disaggregated by type of service and business segment for the quarters and six-month periods ended June 30, 2021 and 2020: (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Quarter Ended June 30, 2021: Net interest income (1) $ 26,331 $ 64,751 $ 51,498 $ 19,039 $ 16,406 $ 6,758 $ 184,783 Service charges and fees on deposit accounts - 4,966 2,987 - 135 700 8,788 Insurance commissions - 1,987 - - 28 200 2,215 Merchant-related income - 1,910 257 - 12 283 2,462 Credit and debit card fees - 6,621 21 - 11 404 7,057 Other service charges and fees 177 846 693 - 431 147 2,294 Not in scope of ASC Topic 606 (1) 5,960 396 181 85 451 ( 5) 7,068 Total non-interest income 6,137 16,726 4,139 85 1,068 1,729 29,884 Total Revenue $ 32,468 $ 81,477 $ 55,637 $ 19,124 $ 17,474 $ 8,487 $ 214,667 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Quarter Ended June 30, 2020: Net interest income (1) $ 17,453 $ 53,542 $ 27,247 $ 17,097 $ 13,236 $ 6,635 $ 135,210 Service charges and fees on deposit accounts - 2,272 1,441 - 123 638 4,474 Insurance commissions - 1,180 - - 15 186 1,381 Merchant-related income - 844 - - - 145 989 Credit and debit card fees - 3,385 12 - 4 304 3,705 Other service charges and fees 92 419 479 89 411 1,104 2,594 Not in scope of ASC Topic 606 (1) (2) 4,355 2,491 892 ( 97) 92 16 7,749 Total non-interest income 4,447 10,591 2,824 ( 8) 645 2,393 20,892 Total Revenue $ 21,900 $ 64,133 $ 30,071 $ 17,089 $ 13,881 $ 9,028 $ 156,102 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2021: Net interest income (1) $ 51,571 $ 123,234 $ 100,479 $ 40,622 $ 31,429 $ 13,713 $ 361,048 Service charges and fees on deposit accounts - 9,442 5,958 - 284 1,408 17,092 Insurance commissions - 6,954 - - 57 445 7,456 Merchant-related income - 2,832 513 - 25 487 3,857 Credit and debit card fees - 12,266 40 - 14 774 13,094 Other service charges and fees 350 1,711 1,212 - 889 288 4,450 Not in scope of ASC Topic 606 (1) 12,903 764 313 141 774 ( 4) 14,891 Total non-interest income 13,253 33,969 8,036 141 2,043 3,398 60,840 Total Revenue $ 64,824 $ 157,203 $ 108,515 $ 40,763 $ 33,472 $ 17,111 $ 421,888 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2020: Net interest income (1) $ 34,511 $ 111,286 $ 50,828 $ 36,972 $ 27,021 $ 13,241 $ 273,859 Service charges and fees on deposit accounts - 5,755 3,005 - 291 1,380 10,431 Insurance commissions - 5,556 - - 19 388 5,963 Merchant-related income - 1,594 - - - 294 1,888 Credit and debit card fees - 7,602 29 - 14 726 8,371 Other service charges and fees 166 1,036 891 89 829 1,251 4,262 Not in scope of ASC Topic 606 (1) (2) 7,921 2,776 910 8,231 323 16 20,177 Total non-interest income 8,087 24,319 4,835 8,320 1,476 4,055 51,092 Total Revenue $ 42,598 $ 135,605 $ 55,663 $ 45,292 $ 28,497 $ 17,296 $ 324,951 (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. (2) For the quarter and six-month period ended June 30, 2020, includes a $ 5.0 million benefit resulting from the final settlement of the Corporation’s business interruption insurance claim related to lost profits caused by Hurricanes Irma and Maria in 2017. This insurance recovery is presented as part of Other non-interest income in the consolidated statements of income. For the six-month periods ended June 30, 2021 and 2020, substantially all of the Corporation’s revenue within the scope of ASC Topic 606 was related to performance obligations satisfied at a point in time. The following is a discussion of revenues under the scope of ASC Topic 606. Service Charges and Fees on Deposit Accounts Service charges and fees on deposit accounts relate to fees generated from a variety of deposit products and services rendered to customers. Charges include, but are not limited to, overdraft fees, insufficient fund fees, dormant fees and monthly service charges. Such fees are recognized concurrently with the event on a daily basis or on a monthly basis depending upon the customer’s cycle date. These depository arrangements are considered day-to-day contracts that do not extend beyond the services performed, as customers have the right to terminate these contracts with no penalty or, if any, nonsubstantive penalties. Insurance Commissions For insurance commissions, which include regular and contingent commissions paid to the Corporation’s insurance agency, the agreements contain a performance obligation related to the sale/issuance of the policy and ancillary administrative post-issuance support. The performance obligations are satisfied when the policies are issued, and revenue is recognized at that point in time. In addition, contingent commission income may be considered to be constrained, as defined under ASC Topic 606. Contingent commission income is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur or payments are received. For the quarter and six-month period ended June 30, 2021, the Corporation recognized revenue at the time that payments were confirmed and constraints were released of $ 16 thousand and $ 3.3 million, respectively, compared to $ 0.1 million and $ 3.3 million for the quarter and six-month period ended June 30, 2020, respectively. Merchant-related Income For merchant-related income, the determination of which included the consideration of a 2015 sale of merchant contracts that involved sales of point of sale (“POS”) terminals and entry into a marketing alliance under a revenue-sharing agreement, the Corporation concluded that control of the POS terminals and merchant contracts was transferred to the customer at the contract’s inception. With respect to the related revenue-sharing agreement, the Corporation satisfies the marketing alliance performance obligation over the life of the contract, and recognizes the associated transaction price as the entity performs and any constraints over the variable consideration are resolved. Credit and Debit Card Fees Credit and debit card fees primarily represent revenues earned from interchange fees and ATM fees. Interchange and network revenues are earned on credit and debit card transactions conducted with payment networks. ATM fees are primarily earned as a result of surcharges assessed to non-FirstBank customers who use a FirstBank ATM. Such fees are generally recognized concurrently with the delivery of services on a daily basis. Other Fees Other fees primarily include revenues generated from wire transfers, lockboxes, bank issuances of checks and trust fees recognized from transfer paying agent, retirement plan, and other trustee activities. Revenues are recognized on a recurring basis when the services are rendered. Contract Balances A contract liability is an entity’s obligation to transfer goods or services to a customer in exchange for consideration from the customer. During 2019, the Bank entered into a growth agreement with an international card service association to expand the customer base and enhance product offerings. The contract requires the Bank to either launch a new debit card product by March 30, 2021, or maintain a ratio of over 50% of the portfolio with the related card service association by the end of year 2021. In connection with this agreement, the Corporation recognized a contract liability as the revenue is constrained to the fulfillment of the above conditions. As of June 30, 2021, the Bank has neither launched a new debit card product nor maintained a ratio of over 50% of the portfolio with the related card service association, therefore, no revenue portion has been recognized from this contract. In addition, as discussed above, during 2015, the Bank entered into a long-term strategic marketing alliance under a revenue-sharing agreement with another entity to which the Bank sold its merchant contracts portfolio and related POS terminals. Merchant services are marketed through FirstBank’s branches and offices in Puerto Rico and the Virgin Islands. Under the revenue-sharing agreement, FirstBank shares with this entity revenues generated by the merchant contracts over the term of the 10-year agreement. As of June 30, 2021 and 2020, this contract liability amounted to $ 2.0 million and $ 2.3 million, respectively, which will be recognized over the remaining term of the contract. For each of the quarters and six-month periods ended June 30, 2021 and 2020, the Corporation recognized revenue and its contract liabilities decreased by approximately $ 0.1 million and $ 0.2 million, respectively, due to the completion of performance over time. There were no changes in contract liabilities due to changes in transaction price estimates. A contract asset is the right to consideration for transferred goods or services when the amount is conditioned on something other than the passage of time. As of June 30, 2021 and 2020, there were no contract assets with customers or contract assets recorded on the Corporation’s consolidated financial statements. The following table shows the activity of contract liabilities for the quarters and six-month periods ended June 30, 2021 and 2020: Quarter Ended Six-Month Period Ended June 30, June 30, (In thousands) 2021 2020 2021 2020 Beginning Balance $ 2,070 $ 2,395 $ 2,151 $ 2,476 Less: Amortizations ( 81) ( 81) ( 162) ( 162) Ending balance $ 1,989 $ 2,314 $ 1,989 $ 2,314 Other Except for the contract liabilities noted above, the Corporation did not have any significant performance obligations as of June 30, 2021. The Corporation also did not have any material contract acquisition costs and did not make any significant judgments or estimates in recognizing revenue for financial reporting purposes. |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 6 Months Ended |
Jun. 30, 2021 | |
Supplemental Cash Flow Elements [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION [Text Block] | NOTE 27 – SUPPLEMENTAL STATEMENT OF CASH FLOWS INFORMATION Supplemental cash flow information is as follows for the indicated periods: Six-Month Period Ended June 30, 2021 2020 (In thousands) Cash paid for: Interest on borrowings $ 36,936 $ 50,316 Income tax 8,968 10,597 Operating cash flow from operating leases 9,817 5,119 Non-cash investing and financing activities: Additions to OREO 8,647 5,524 Additions to auto and other repossessed assets 18,155 16,282 Capitalization of servicing assets 2,900 1,570 Loan securitizations 106,833 84,876 Loans held for investment transferred to held for sale 31,383 3,535 ROU assets obtained in exchange for operating lease liabilities 2,610 274 Unsettled purchases of available-for-sale investment securities 50,026 - Unsettled common stock shares repurchases 772 - |
SEGMENT INFORMATION
SEGMENT INFORMATION | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
SEGMENT INFORMATION [Text Block] | NOTE 28 – SEGMENT INFORMATION Based upon the Corporation’s organizational structure and the information provided to the Chief Executive Officer, the operating segments are based primarily on the Corporation’s lines of business for its operations in Puerto Rico, the Corporation’s principal market, and by geographic areas for its operations outside of Puerto Rico. As of June 30, 2021, the Corporation had six reportable segments: Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. Management determined the reportable segments based on the internal structure used to evaluate performance and to assess where to allocate resources. Other factors, such as the Corporation’s organizational chart, nature of the products, distribution channels, and the economic characteristics of the products, were also considered in the determination of the reportable segments. The Commercial and Corporate Banking segment consists of the Corporation’s lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, and floor plan financings, as well as other products, such as cash management and business management services. The Mortgage Banking segment consists of the origination, sale, and servicing of a variety of residential mortgage loans. The Mortgage Banking segment also acquires and sells mortgages in the secondary markets. In addition, the Mortgage Banking segment includes mortgage loans purchased from other local banks and mortgage bankers. The Consumer (Retail) Banking segment consists of the Corporation’s consumer lending and deposit-taking activities conducted mainly through its branch network and loan centers. The Treasury and Investments segment is responsible for the Corporation’s investment portfolio and treasury functions that are executed to manage and enhance liquidity. This segment lends funds to the Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking and United States Operations segments to finance their lending activities and borrows from those segments. The Consumer (Retail) Banking segment also lends funds to other segments. The interest rates charged or credited by Treasury and Investments and the Consumer (Retail) Banking segments are allocated based on market rates. The difference between the allocated interest income or expense and the Corporation’s actual net interest income from centralized management of funding costs is reported in the Treasury and Investments segment. The United States Operations segment consists of all banking activities conducted by FirstBank in the United States mainland, including commercial and retail banking services. The Virgin Islands Operations segment consists of all banking activities conducted by the Corporation in the USVI and BVI, including commercial and retail banking services. The accounting policies of the segments are the same as those referred to in Note 1 – Nature of Business and Summary of Significant Accounting Policies, in the audited consolidated financial statements, which are included in the 2020 Annual Report on Form 10-K. The Corporation evaluates the performance of the segments based on net interest income, the provision for credit losses, non-interest income and direct non-interest expenses. The segments are also evaluated based on the average volume of their interest-earning assets less the ACL. The following table presents information about the reportable segments for the indicated periods: (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total For the Quarter Ended June 30, 2021: Interest income $ 36,945 $ 66,237 $ 53,833 $ 16,708 $ 20,651 $ 7,085 $ 201,459 Net (charge) credit for transfer of funds ( 10,614) 5,901 ( 2,335) 8,191 ( 1,143) - - Interest expense - ( 7,387) - ( 5,860) ( 3,102) ( 327) ( 16,676) Net interest income 26,331 64,751 51,498 19,039 16,406 6,758 184,783 Provision for credit losses - expense (benefit) 1,030 791 ( 27,752) - 860 ( 1,084) ( 26,155) Non-interest income 6,137 16,726 4,139 85 1,068 1,729 29,884 Direct non-interest expenses 7,525 43,255 8,298 1,127 9,103 7,301 76,609 Segment income $ 23,913 $ 37,431 $ 75,091 $ 17,997 $ 7,511 $ 2,270 $ 164,213 Average earnings assets $ 2,563,768 $ 2,491,583 $ 3,888,725 $ 7,588,530 $ 2,103,002 $ 438,928 $ 19,074,536 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total For the Quarter Ended June 30, 2020: Interest income $ 28,260 $ 56,595 $ 32,018 $ 12,993 $ 21,172 $ 7,578 $ 158,616 Net (charge) credit for transfer of funds ( 10,807) 5,941 ( 4,771) 10,978 ( 1,341) - - Interest expense - ( 8,994) - ( 6,874) ( 6,595) ( 943) ( 23,406) Net interest income 17,453 53,542 27,247 17,097 13,236 6,635 135,210 Provision for credit losses expense 2,676 11,697 13,530 1,263 7,701 2,147 39,014 Non-interest income (loss) 4,447 10,591 2,824 ( 8) 645 2,393 20,892 Direct non-interest expenses 6,489 28,148 6,390 653 7,843 7,304 56,827 Segment income (loss) $ 12,735 $ 24,288 $ 10,151 $ 15,173 $ ( 1,663) $ ( 423) $ 60,261 Average earnings assets $ 1,971,171 $ 2,094,266 $ 2,565,899 $ 3,475,392 $ 2,070,069 $ 459,140 $ 12,635,937 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2021 Interest income $ 74,005 $ 131,970 $ 105,291 $ 29,470 $ 40,983 $ 14,382 $ 396,101 Net (charge) credit for transfer of funds ( 22,434) 6,956 ( 4,812) 23,125 ( 2,835) - - Interest expense - ( 15,692) - ( 11,973) ( 6,719) ( 669) ( 35,053) Net interest income 51,571 123,234 100,479 40,622 31,429 13,713 361,048 Provision for credit losses - expense (benefit) 244 4,753 ( 44,931) ( 127) 623 ( 1,969) ( 41,407) Non-interest income 13,253 33,969 8,036 141 2,043 3,398 60,840 Direct non-interest expenses 15,522 84,346 19,836 2,361 17,397 14,706 154,168 Segment income $ 49,058 $ 68,104 $ 133,610 $ 38,529 $ 15,452 $ 4,374 $ 309,127 Average earnings assets $ 2,611,065 $ 2,467,015 $ 3,957,859 $ 6,921,007 $ 2,090,898 $ 444,201 $ 18,492,045 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2020 Interest income $ 57,060 $ 114,691 $ 64,654 $ 29,059 $ 43,327 $ 15,089 $ 323,880 Net (charge) credit for transfer of funds ( 22,549) 15,971 ( 13,826) 22,469 ( 2,065) - - Interest expense - ( 19,376) - ( 14,556) ( 14,241) ( 1,848) ( 50,021) Net interest income 34,511 111,286 50,828 36,972 27,021 13,241 273,859 Provision for credit losses - expense 17,877 43,850 32,705 2,765 14,265 4,918 116,380 Non-interest income 8,087 24,319 4,835 8,320 1,476 4,055 51,092 Direct non-interest expenses 14,988 57,624 13,437 1,416 16,834 14,739 119,038 Segment income (loss) $ 9,733 $ 34,131 $ 9,521 $ 41,111 $ ( 2,602) $ ( 2,361) $ 89,533 Average earnings assets $ 1,992,039 $ 2,112,884 $ 2,492,983 $ 3,170,840 $ 2,007,227 $ 457,135 $ 12,233,108 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 Net income : Total income for segments $ 164,213 $ 60,261 $ 309,127 $ 89,533 Other operating expenses (1) 53,563 32,959 109,305 62,932 Income before income taxes 110,650 27,302 199,822 26,601 Income tax expense 40,092 6,046 68,114 3,079 Total consolidated net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Average assets: Total average earning assets for segments $ 19,074,536 $ 12,635,937 $ 18,492,045 $ 12,233,108 Average non-earning assets 1,109,941 950,071 1,146,337 936,610 Total consolidated average assets $ 20,184,477 $ 13,586,008 $ 19,638,382 $ 13,169,718 (1) Expenses pertaining to corporate administrative functions that support the operating segment, but are not specifically attributable to or managed by any segment, are not included in the reported financial results of the operating segments. The unallocated corporate expenses include certain general and administrative expenses and related depreciation and amortization expenses. |
REGULATORY MATTERS, COMMITMENTS
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2021 | |
Commitments And Contingencies Disclosure [Abstract] | |
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES [Text Block] | NOTE 29 – REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES The Corporation and FirstBank are each subject to various regulatory capital requirements imposed by the U.S. Federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material adverse effect on the Corporation’s financial statements and activities. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific capital guidelines that involve quantitative measures of the Corporation’s and FirstBank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Corporation’s capital amounts and classification are also subject to qualitative judgments and adjustment by the regulators with respect to minimum capital requirements, components, risk weightings, and other factors. As of June 30, 2021 and December 31, 2020, the Corporation and FirstBank exceeded the minimum regulatory capital ratios for capital adequacy purposes and FirstBank exceeded the minimum regulatory capital ratios to be considered a well-capitalized institution under the regulatory framework for prompt corrective action. As of June 30, 2021, management does not believe that any condition has changed or event has occurred that would have changed the institution’s status. The Corporation and FirstBank compute risk-weighted assets using the standardized approach required by the U.S. Basel III capital rules (“Basel III rules”). The Basel III rules require the Corporation to maintain an additional capital conservation buffer of 2.5% to avoid limitations on both (i) capital distributions (e.g., repurchases of capital instruments, dividends and interest payments on capital instruments) and (ii) discretionary bonus payments to executive officers and heads of major business lines. Under the Basel III rules, in order to be considered adequately capitalized and not subject to the above described limitations, the Corporation is required to maintain: (i) a minimum Common Equity Tier 1 (“CET1”) capital to risk-weighted assets ratio of at least 4.5%, plus the 2.5% “capital conservation buffer,” resulting in a required minimum CET1 capital ratio of at least 7%; (ii) a minimum ratio of total Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer, resulting in a required minimum Tier 1 capital ratio of 8.5%; (iii) a minimum ratio of total Tier 1 plus Tier 2 capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer, resulting in a required minimum total capital ratio of 10.5%; and (iv) a required minimum leverage ratio of 4%, calculated as the ratio of Tier 1 capital to average on-balance sheet (non-risk adjusted) assets. As part of its response to the impact of COVID-19, on March 31, 2020, the agencies issued an interim final rule that provided the option to temporarily delay the effects of CECL on regulatory capital for two years, followed by a three-year transition period. The interim final rule provides that, at the election of a qualified banking organization, the day 1 impact to retained earnings plus 25% of the change in the ACL (excluding PCD loans) from January 1, 2020 to December 31, 2021 will be delayed for two years and phased-in at 25% per year beginning on January 1, 2022 over a three-year period, resulting in a total transition period of five years. Accordingly, as of June 30, 2021, the capital measures of the Corporation and the Bank exclude the $ 62.3 million day 1 impact to retained earnings and 25% of the increase in the allowance for credit losses (as defined in the interim final rule) from January 1, 2020 to June 30, 2021. The federal financial regulatory agencies may take other measures affecting regulatory capital to address the COVID-19 pandemic, although the nature and impact of such measures cannot be predicted at this time. The regulatory capital positions of the Corporation and FirstBank as of June 30, 2021 and December 31, 2020, which reflects the delay in the effect of CECL on regulatory capital, were as follows: Regulatory Requirements Actual For Capital Adequacy Purposes To be Well-Capitalized- Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2021 Total Capital (to Risk-Weighted Assets) First BanCorp. $ 2,439,829 20.38 % $ 957,524 8.00 % N/A N/A FirstBank $ 2,382,283 19.91 % $ 957,305 8.00 % $ 1,196,631 10.00 % CET1 Capital (to Risk-Weighted Assets) First BanCorp. $ 2,075,393 17.34 % $ 538,607 4.50 % N/A N/A FirstBank $ 2,024,235 16.92 % $ 538,484 4.50 % $ 777,810 6.50 % Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 2,111,497 17.64 % $ 718,143 6.00 % N/A N/A FirstBank $ 2,232,235 18.65 % $ 717,978 6.00 % $ 957,305 8.00 % Leverage ratio First BanCorp. $ 2,111,497 10.51 % $ 803,399 4.00 % N/A N/A FirstBank $ 2,232,235 11.12 % $ 803,089 4.00 % $ 1,003,862 5.00 % As of December 31, 2020 Total Capital (to Risk-Weighted Assets) First BanCorp. $ 2,416,682 20.37 % $ 948,890 8.00 % N/A N/A FirstBank $ 2,360,493 19.91 % $ 948,624 8.00 % $ 1,185,780 10.00 % CET1 Capital (to Risk-Weighted Assets) First BanCorp. $ 2,053,045 17.31 % $ 533,751 4.50 % N/A N/A FirstBank $ 1,903,251 16.05 % $ 533,601 4.50 % $ 770,757 6.50 % Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 2,089,149 17.61 % $ 711,667 6.00 % N/A N/A FirstBank $ 2,211,251 18.65 % $ 711,468 6.00 % $ 948,624 8.00 % Leverage ratio First BanCorp. $ 2,089,149 11.26 % $ 742,352 4.00 % N/A N/A FirstBank $ 2,211,251 11.92 % $ 741,841 4.00 % $ 927,301 5.00 % The Corporation enters into financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments may include commitments to extend credit and standby letters of credits. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses. Since certain commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. For most of the commercial lines of credit, the Corporation has the option to reevaluate the agreement prior to additional disbursements. In the case of credit cards and personal lines of credit, the Corporation can cancel the unused credit facility at any time and without cause. As of June 30, 2021, commitments to extend credit amounted to approximately $ 2.1 billion, of which $ 1.1 billion relates to credit card loans. Commercial and financial standby letters of credit amounted to approximately $ 123.1 million. As of June 30, 2021, First BanCorp. and its subsidiaries were defendants in various legal proceedings, claims and other loss contingencies arising in the ordinary course of business. On at least a quarterly basis, the Corporation assesses its liabilities and contingencies in connection with threatened and outstanding legal proceedings, claims and other loss contingencies utilizing the latest information available. For legal proceedings, claims and other loss contingencies where it is both probable that the Corporation will incur a loss and the amount can be reasonably estimated, the Corporation establishes an accrual for the loss. Once established, the accrual is adjusted as appropriate to reflect any relevant developments. For legal proceedings, claims and other loss contingencies where a loss is not probable or the amount of the loss cannot be estimated, no accrual is established. Any estimate involves significant judgment, given the varying stages of the proceedings (including the fact that some of them are currently in preliminary stages), the existence in some of the current proceedings of multiple defendants whose share of liability has yet to be determined, the numerous unresolved issues in the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly, the Corporation’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate. While the final outcome of legal proceedings, claims and other loss contingencies is inherently uncertain, based on information currently available, management believes that the final disposition of the Corporation’s legal proceedings, claims and other loss contingencies, to the extent not previously provided for, will not have a material adverse effect on the Corporation’s consolidated financial position as a whole. If management believes that, based on available information, it is at least reasonably possible that a material loss (or material loss in excess of any accrual) will be incurred in connection with any legal contingencies, the Corporation discloses an estimate of the possible loss or range of loss, either individually or in the aggregate, as appropriate, if such an estimate can be made, or discloses that an estimate cannot be made. Based on the Corporation’s assessment as of June 30, 2021, no such disclosures were necessary. |
FIRST BANCORP. (Holding Company
FIRST BANCORP. (Holding Company Only) Financial Information | 6 Months Ended |
Jun. 30, 2021 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
FIRST BANCORP. (Holding Company Only) Financial Information [Text Block] | NOTE 30 – FIRST BANCORP. (HOLDING COMPANY ONLY) FINANCIAL INFORMATION The following condensed financial information presents the financial position of First BanCorp. at the holding company level only as of June 30, 2021 and December 31, 2020, and the results of its operations for the quarters and six-month periods ended June 30, 2021 and 2020. Statements of Financial Condition (Unaudited) As of June 30, As of December 31, 2021 2020 (In thousands) Assets Cash and due from banks $ 16,561 $ 10,909 Money market investments - 6,211 Other investment securities 285 285 Investment in First Bank Puerto Rico, at equity 2,325,452 2,396,963 Investment in First Bank Insurance Agency, at equity 47,052 41,313 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Other assets 1,085 2,023 Total assets $ 2,395,947 $ 2,463,216 Liabilities and Stockholdersʼ Equity Liabilities: Other borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 7,230 4,275 Total liabilities 190,992 188,037 Stockholdersʼ equity 2,204,955 2,275,179 Total liabilities and stockholdersʼ equity $ 2,395,947 $ 2,463,216 Statements of Income (Unaudited) Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Income: Interest income on money market investments $ 8 $ 15 $ 24 $ 48 Dividend income from banking subsidiaries 16,328 13,259 35,129 26,888 Other income 39 287 77 348 16,375 13,561 35,230 27,284 Expense: Other borrowings 1,285 1,641 2,579 3,673 Other operating expenses 637 535 1,136 1,058 1,922 2,176 3,715 4,731 Income before income taxes and equity in undistributed earnings of subsidiaries 14,453 11,385 31,515 22,553 Income tax provision (benefit) 659 ( 159) 1,788 1,223 Equity in undistributed earnings of subsidiaries 56,764 9,712 101,981 2,192 Net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Other comprehensive income (loss), net of tax 28,496 4,154 ( 70,433) 46,506 Comprehensive income $ 99,054 $ 25,410 $ 61,275 $ 70,028 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS [Text Block] | NOTE 31 – SUBSEQUENT EVENTS In connection with an unsolicited offer received in the third quarter, on August 5, 2021, the Corporation entered into an agreement and sold $ 52.5 million of non-performing residential mortgage loans and related servicing advances of $ 2.0 million. The Corporation received $ 31.5 million, or 58% of book value before reserves, for the $ 54.5 million of non-performing loans and related servicing advances. Approximately $ 20.9 million of reserves are already applied to the assets sold, thus, an additional loss of approximately $ 2.1 million was realized on the transaction, which will be reflected in the third quarter of 2021. The Corporation's primary goal with respect to this transaction is to accelerate the disposition of non-performing assets. With the non- performing loan sale, the Corporation reduced its total level of non-performing residential mortgage loans by 43%. If the transactions had occurred as of June 30, 2021, the Corporation’s ratio of non-performing loans to total loans held for investment would have decreased to 1.15%, from 1.60%, and its ratio of non-performing assets to total assets would have decreased to 0.95%, from 1.20%. The Corporation has performed an evaluation of all other events occurring subsequent to June 30, 2021; management has determined that there were no other events occurring in this period that require disclosure in or adjustment to the accompanying financial statements. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2021 | Jun. 30, 2021 | |
Policy Text Block [Abstract] | ||
Nonaccrual and Past Due Loans [Policy Text Block] | Effective April 1, 2021, the Corporation updated its policies regarding the timing of recognition of auto loans and small personal loans charge-offs. The update requires the Corporation to charge-off auto loans, finance leases, and small personal loans, or portions of such loans, classified as “loss” when the loan becomes 120 days or more past due. Under the previous policy, the Corporation reserved the portion of auto loans and finance leases deemed “loss” once they were 120 days delinquent and charged-off an auto loan to their net realizable value when the collateral deficiency was deemed uncollectible ( i.e ., when foreclosure/repossession is probable) or when the loan was 365 days past due. For small personal loans, the Corporation previously reserved loans that were classified as “loss” when they were 120 days delinquent and charged-off a loan when the loan became 180 days past due. The policy update is supported by the fact that the majority of consumer loans that become 120 days or more delinquent will ultimately go to foreclosure or the borrower has demonstrated an inability or lack of willingness to meet their obligation to make timely payments to cure the delinquency. At the time we implemented the update to the charge-off policy in the second quarter of 2021, the amount of loans determined to be classified as “loss” amounted to $ 4.1 million, which was charged-off during the quarter. Approximately $ 1.1 million of such charge-off exceeded existing reserves at the time the Corporation implemented the policy update. This update to the policy did not have an impact on the approach we use to estimate the ACL for auto loans, finance leases, and small personal loans. | |
Troubled Debt Restructuring [Policy Text Block] | The Corporation’s loss mitigation programs for residential mortgage and consumer loans can provide for one or a combination of the following: movement of interest past due to the end of the loan; extension of the loan term; deferral of principal payments; and reduction of interest rates either permanently or for a period of up to six years (increasing back in step-up rates). Additionally, in certain cases, the restructuring may provide for the forgiveness of contractually-due principal or interest. Uncollected interest is added to the principal at the end of the loan term at the time of the restructuring and not recognized as income until collected or when the loan is paid off. These programs are available only to those borrowers who have defaulted, or are likely to default, permanently on their loans and would lose their homes in a foreclosure action absent some lender concession. Nevertheless, if the Corporation is not reasonably assured that the borrower will comply with its contractual commitment, the property is foreclosed. Prior to permanently modifying a loan, the Corporation may enter into trial modifications with certain borrowers. Trial modifications generally represent a six-month 0.5 million of residential mortgage loans that were participating in or had been offered a trial modification. For the commercial real estate, commercial and industrial, and construction loan portfolios, at the time of a restructuring, the Corporation determines, on a loan-by-loan basis, whether a concession was granted for economic or legal reasons related to the borrower’s financial difficulty. Concessions granted for loans in these portfolios could include: reductions in interest rates to rates that are considered below market; extension of repayment schedules and maturity dates beyond the original contractual terms; waivers of borrower covenants; forgiveness of principal or interest; or other contractual changes that are considered to be concessions. The Corporation mitigates loan defaults for these loan portfolios through its collection function. The function’s objective is to minimize both early stage delinquencies and losses upon default of loans in these portfolios. In the case of the commercial and industrial, commercial mortgage, and construction loan portfolios, the Corporation’s Special Asset Group (“SAG”) focuses on strategies for the accelerated reduction of non-performing assets through note sales, short sales, loss mitigation programs, and sales of OREO. In addition, the Corporation extends, renews, and restructures loans with satisfactory credit profiles. Many commercial loan facilities are structured as lines of credit, which generally have one-year terms and, therefore, require annual renewals. Other facilities may be restructured or extended from time to time based upon changes in the borrower’s business needs, use of funds, and timing of completion of projects, and other factors. If the borrower is not deemed to have financial difficulties, extensions, renewals, and restructurings are done in the normal course of business and not considered to be concessions, and the loans continue to be recorded as performing. |
BUSINESS COMBINATION (Tables)
BUSINESS COMBINATION (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the purchase price consideration and estimated fair values of assets acquired and liabilities assumed from BSPR as of September 1, 2020 under the acquisition method of accounting: Fair Value as Originally Recorded Measurement Period Adjustments Fair Value as Remeasured Total purchase price consideration $ 1,277,626 $ 3,382 $ 1,281,008 Fair value of assets acquired: Cash and cash equivalents $ 1,684,252 $ - $ 1,684,252 Investment securities 1,167,225 - 1,167,225 Loans: Residential mortgage loans 807,637 540 808,177 Commercial mortgage loans 740,919 122 741,041 Commercial and Industrial (“C&I”) loans 752,154 ( 390) 751,764 Consumer loans 214,206 ( 488) 213,718 Loans, net 2,514,916 ( 216) 2,514,700 Premises and equipment, net 12,499 - 12,499 Intangible assets 39,232 448 39,680 Other assets 144,008 ( 195) 143,813 Total assets and identifiable intangible assets acquired 5,562,132 37 5,562,169 Fair value of liabilities assumed: Deposits $ 4,194,940 $ - $ 4,194,940 Other liabilities 95,869 865 96,734 Total liabilities assumed 4,290,809 865 4,291,674 Fair value of net assets and identifiable intangible assets acquired 1,271,323 ( 828) 1,270,495 Goodwill $ 6,303 $ 4,210 $ 10,513 |
EARNINGS PER COMMON SHARE (Tabl
EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Earnings Per Share [Abstract] | |
Schedule of Earning Per Share [Table Text Block] | The calculations of earnings per common share for the quarters and six-month periods ended June 30, 2021 and 2020 are as follows: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands, except per share information) Net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Less: Preferred stock dividends ( 669) ( 669) ( 1,338) ( 1,338) Net income attributable to common stockholders $ 69,889 $ 20,587 $ 130,370 $ 22,184 Weighted-Average Shares: Average common shares outstanding 213,574 216,920 215,294 216,853 Average potential dilutive common shares 1,035 650 1,139 589 Average common shares outstanding - assuming dilution 214,609 217,570 216,433 217,442 Earnings per common share: Basic $ 0.33 $ 0.09 $ 0.61 $ 0.10 Diluted $ 0.33 $ 0.09 $ 0.60 $ 0.10 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Restricted Stock Activity Under Omnibus Plan | The following table summarizes the restricted stock activity in the first six months of 2021 under the Omnibus Plan: Six-Month Period Ended June 30, 2021 Number of shares Weighted-Average of restricted Grant Date stock Fair Value Unvested shares outstanding at beginning of period 1,320,723 $ 5.74 Granted 293,621 11.26 Forfeited ( 10,460) 6.10 Vested ( 363,257) 7.98 Unvested shares outstanding as of June 30, 2021 1,240,627 $ 6.39 |
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block] | The following table summarizes the performance units activity in the first six months of 2021 under the Omnibus Plan: Six-Month Period Ended (Number of units) June 30, 2021 Performance units at beginning of year 1,006,768 Additions 160,485 Vested ( 304,408) Performance units at June 30, 2021 862,845 |
INVESTMENT SECURITIES (Tables)
INVESTMENT SECURITIES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | The tables below present qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2021 and December 31, 2020: June 30, 2021 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 7,903 Discounted cash flows Discount rate 12.7% 12.7% 12.7% Prepayment rate 2.0% 22.0% 15.0% Projected cumulative loss rate 0.2% 17.3% 7.3% Puerto Rico government obligations 2,928 Discounted cash flows Discount rate 6.7 6.7 6.7 Projected cumulative loss rate 10.7% 10.7% 10.7% December 31, 2020 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 8,428 Discounted cash flows Discount rate 12.2% 12.2% 12.2% Prepayment rate 1.2% 18.8% 12.1% Projected cumulative loss rate 2.6% 22.3% 10.2% Puerto Rico government obligations 2,899 Discounted cash flows Discount rate 7.9% 7.9% 7.9% Projected cumulative loss rate 12.4% 12.4% 12.4% |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block] | The following table presents a rollforward by major security type for the quarters and six-month periods ended June 30, 2021 and 2020 of the ACL on debt securities available-for-sale: Quarter Ended June 30, 2021 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 875 $ 308 $ 1,183 Net charge-offs ( 17) - ( 17) ACL on debt securities available-for-sale $ 858 $ 308 $ 1,166 Quarter Ended June 30, 2020 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 368 $ - $ 368 Provision for credit losses 955 308 1,263 ACL on debt securities available-for-sale $ 1,323 $ 308 $ 1,631 Six-Month Period Ended June 30, 2021 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ 1,002 $ 308 $ 1,310 Provision for credit losses - (benefit) ( 127) - ( 127) Net charge-offs ( 17) - ( 17) ACL on debt securities available-for-sale $ 858 $ 308 $ 1,166 Six-Month Period Ended June 30, 2020 Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning Balance $ - $ - $ - Provision for credit losses 1,323 308 1,631 ACL on debt securities available-for-sale $ 1,323 $ 308 $ 1,631 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | The following table presents the activity in the ACL for debt securities held to maturity by major security type for the quarters and six-month periods ended June 30, 2021 and 2020: Puerto Rico Municipal Bonds Quarter Ended Quarter Ended June 30, 2021 June 30, 2020 (In thousands) Beginning Balance $ 8,869 $ 9,268 Provision for credit losses 1,816 - $ 10,685 $ 9,268 Puerto Rico Municipal Bonds Six-Month Period Ended Six-Month Period Ended June 30, 2021 June 30, 2020 (In thousands) Beginning Balance $ 8,845 $ - Impact of adopting CECL - 8,134 Provision for credit losses 1,840 1,134 $ 10,685 $ 9,268 |
Debt Securities, Held-to-maturity, Credit Quality Indicator [Table Text Block] | The following table summarizes the amortized cost of the Puerto Rico municipal bonds, which are the Corporation’s only debt securities held-to-maturity, as of June 30, 2021 and December 31, 2020 aggregated by credit quality indicator: Held to Maturity Puerto Rico Municipal Bonds June 30, December 31 (In thousands) 2021 2020 Risk Ratings: Pass $ 190,012 $ 189,488 Criticized: Special Mention - - Substandard - - Doubtful - - Loss - - Total $ 190,012 $ 189,488 |
Available-for-sale Securities [Member] | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost, gross unrealized gains and losses recorded in other comprehensive income (loss), ACL, estimated fair value, and weighted-average yield of investment securities available for sale by contractual maturities as of June 30, 2021 were as follows: June 30, 2021 Amortized cost ACL Fair value Gross Unrealized Weighted- gains losses average yield% (Dollars in thousands) U.S. Treasury securities: After 1 to 5 years $ 7,483 $ - $ 22 $ - $ 7,461 0.22 U.S. government-sponsored agencies' obligations: Due within one year 17,890 83 - - 17,973 1.99 After 1 to 5 years 1,460,921 571 8,572 - 1,452,920 0.59 After 5 to 10 years 520,556 383 8,283 - 512,656 0.85 After 10 years 18,941 280 - - 19,221 0.64 Puerto Rico government obligations: After 10 years (1) 3,772 - 536 308 2,928 6.99 United States and Puerto Rico government obligations 2,029,563 1,317 17,413 308 2,013,159 0.68 Mortgage-backed securities ("MBS"): Freddie Mac (“FHLMC”) certificates: After 1 to 5 years 57 6 - - 63 4.84 After 5 to 10 years 71,675 2,490 - - 74,165 1.91 After 10 years 1,423,584 7,697 13,147 - 1,418,134 1.15 1,495,316 10,193 13,147 - 1,492,362 1.19 Ginnie Mae (“GNMA”) certificates: Due within one year 2 - - - 2 2.42 After 1 to 5 years 21,270 882 - - 22,152 2.91 After 5 to 10 years 33,394 144 134 - 33,404 0.49 After 10 years 434,245 10,897 1,256 - 443,886 1.26 488,911 11,923 1,390 - 499,444 1.28 Fannie Mae (“FNMA”) certificates: After 1 to 5 years 24,790 687 - - 25,477 2.80 After 5 to 10 years 142,874 4,776 46 - 147,604 1.87 After 10 years 1,645,111 14,612 11,869 - 1,647,854 1.26 1,812,775 20,075 11,915 - 1,820,935 1.33 Collateralized mortgage obligations issued or guaranteed by the FHLMC, ` FNMA and GNMA: After 1 to 5 years 413 - - - 413 0.77 After 5 to 10 years 40,819 122 225 - 40,716 1.09 After 10 years 530,752 965 5,041 - 526,676 1.27 571,984 1,087 5,266 - 567,805 1.25 Private label: After 10 years 11,180 - 2,419 858 7,903 2.13 Total MBS 4,380,166 43,278 34,137 858 4,388,449 1.27 Other Due within one year 650 - - - 650 2.88 Total investment securities available for sale $ 6,410,379 $ 44,595 $ 51,550 $ 1,166 $ 6,402,258 1.08 (1) Consist of a residential pass-through MBS issued by the Puerto Rico Housing Finance Authority (“PRHFA”) that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. The amortized cost, gross unrealized gains and losses recorded in other comprehensive income (loss), ACL, estimated fair value, and weighted-average yield of investment securities available for sale by contractual maturities as of December 31, 2020 were as follows: December 31, 2020 Amortized cost Gross Unrealized ACL Fair value Weighted- gains losses average yield% (Dollars in thousands) U.S. Treasury securities: Due within one year $ 7,498 $ 9 $ - $ - $ 7,507 1.65 U.S. government-sponsored agencies' obligations: Due within one year 24,413 273 - - 24,686 1.95 After 1 to 5 years 691,668 911 290 - 692,289 0.57 After 5 to 10 years 441,454 821 347 - 441,928 0.83 After 10 years 21,413 - 149 - 21,264 0.65 Puerto Rico government obligations: After 10 years (1) 3,987 - 780 308 2,899 6.97 United States and Puerto Rico government obligations 1,190,433 2,014 1,566 308 1,190,573 0.72 MBS: FHLMC certificates: After 1 to 5 years 75 8 - - 83 4.86 After 5 to 10 years 60,773 2,850 - - 63,623 2.15 After 10 years 1,070,984 15,340 159 - 1,086,165 1.38 1,131,832 18,198 159 - 1,149,871 1.42 GNMA certificates: Due within one year 1 - - - 1 1.93 After 1 to 5 years 26,918 1,080 - - 27,998 2.91 After 5 to 10 years 40,727 128 69 - 40,786 0.42 After 10 years 614,584 16,271 148 - 630,707 1.27 682,230 17,479 217 - 699,492 1.29 FNMA certificates: After 1 to 5 years 24,812 891 - - 25,703 2.81 After 5 to 10 years 110,832 5,783 - - 116,615 2.13 After 10 years 1,154,707 23,459 203 - 1,177,963 1.53 1,290,351 30,133 203 - 1,320,281 1.61 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA: After 1 to 5 years 538 - 1 - 537 0.81 After 5 to 10 years 18,438 152 - - 18,590 0.80 After 10 years 258,069 1,019 491 - 258,597 1.56 277,045 1,171 492 - 277,724 1.51 Private label: After 10 years 12,310 - 2,880 1,002 8,428 2.25 Total MBS 3,393,768 66,981 3,951 1,002 3,455,796 1.47 Other After 1 to 5 years 650 - - - 650 2.94 Total investment securities available for sale $ 4,584,851 $ 68,995 $ 5,517 $ 1,310 $ 4,647,019 1.28 (1) Consist 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. |
Schedule Of Unrealized Loss On Investments [Table Text Block] | The following tables show the fair value and gross unrealized losses of the Corporation’s available-for-sale investment securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of June 30, 2021 and December 31, 2020. The tables also include debt securities for which an ACL was recorded. As of June 30, 2021 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico-government obligations $ - $ - $ 2,928 $ 536 $ 2,928 $ 536 U.S. Treasury and U.S. government agenciesʼ obligations 1,753,004 16,877 - - 1,753,004 16,877 MBS: FNMA 1,184,098 11,915 - - 1,184,098 11,915 FHLMC 1,009,134 13,147 - - 1,009,134 13,147 GNMA 101,832 1,390 - - 101,832 1,390 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA 430,789 5,132 10,455 134 441,244 5,266 Private label MBS - - 7,903 2,419 7,903 2,419 $ 4,478,857 $ 48,461 $ 21,286 $ 3,089 $ 4,500,143 $ 51,550 As of December 31, 2020 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico-government obligations $ - $ - $ 2,899 $ 780 $ 2,899 $ 780 U.S. Treasury and U.S. government agenciesʼ obligations 425,155 621 23,377 165 448,532 786 MBS: FNMA 93,509 203 - - 93,509 203 FHLMC 89,292 159 - - 89,292 159 GNMA 70,504 217 - - 70,504 217 Collateralized mortgage obligations issued or guaranteed by the FHLMC, FNMA and GNMA 104,500 410 9,761 82 114,261 492 Private label MBS - - 8,428 2,880 8,428 2,880 $ 782,960 $ 1,610 $ 44,465 $ 3,907 $ 827,425 $ 5,517 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | The Corporation determined the ACL for private label MBS based on a risk-adjusted discounted cash flow methodology that considers the structure and terms of the instruments. The Corporation utilized probability of default (“PDs”) and loss given default (“LGDs”) that considered, among other things, historical payment performance, loan-to-value attributes and relevant current and forward-looking macroeconomic variables, such as regional unemployment rates and the housing price index. Under this approach, all future cash flows (interest and principal) from the underlying collateral loans, adjusted by prepayments and the PDs and LGDs, were discounted at the effective interest rate as of the reporting date. Significant assumptions in the valuation of the private label MBS were as follows : As of As of June 30, 2021 December 31, 2020 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 12.7% 12.7% 12.7% 12.2% 12.2% 12.2% Prepayment rate 15.0% 2.0% 22.0% 12.1% 1.2% 18.8% Projected Cumulative Loss Rate 7.3% 0.2% 17.3% 10.2% 2.6% 22.3% |
Held-to-maturity Securities [Member] | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost, gross unrecognized gains and losses, estimated fair value, ACL, weighted-average yield and contractual maturities of investment securities held to maturity as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 Amortized cost Fair value ACL Gross Unrecognized (Dollars in thousands) Gains Losses Weighted- average yield% Puerto Rico municipal bonds: Due within one year $ 2,974 $ - $ 10 $ 2,964 $ 60 5.38 After 1 to 5 years 14,937 711 71 15,577 319 2.54 After 5 to 10 years 88,734 2,869 266 91,337 3,567 4.63 After 10 years 83,367 43 5,643 77,767 6,739 3.56 Total investment securities held to maturity $ 190,012 $ 3,623 $ 5,990 $ 187,645 $ 10,685 4.01 December 31, 2020 Amortized cost Fair value ACL Gross Unrecognized (Dollars in thousands) Gains Losses Weighted- average yield% Puerto Rico municipal bonds: Due within one year $ 556 $ 7 $ - $ 563 $ - 5.41 After 1 to 5 years 17,297 561 305 17,553 576 3.00 After 5 to 10 years 88,394 1,388 3,146 86,636 4,401 4.66 After 10 years 83,241 - 14,187 69,054 3,868 3.57 Total investment securities held to maturity $ 189,488 $ 1,956 $ 17,638 $ 173,806 $ 8,845 4.03 |
Schedule Of Unrealized Loss On Investments [Table Text Block] | The following tables show the Corporation’s held-to-maturity investments’ fair value and gross unrecognized losses, aggregated by investment category and length of time that individual securities had been in a continuous unrecognized loss position, as of June 30, 2021 and December 31, 2020, including debt securities for which an ACL was recorded: As of June 30, 2021 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico municipal bonds $ 14,929 $ 300 $ 89,445 $ 5,690 $ 104,374 $ 5,990 As of December 31, 2020 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Losses Fair Value Losses Fair Value Losses (In thousands) Debt securities: Puerto Rico municipal bonds $ 28,252 $ 1,611 $ 116,216 $ 16,027 $ 144,468 $ 17,638 |
LOANS HELD FOR INVESTMENT (Tabl
LOANS HELD FOR INVESTMENT (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Accounts Notes And Loans Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | The following provides information about the loan portfolio held for investment as of the indicated dates: As of June 30, As of December 31, 2021 2020 (In thousands) Residential mortgage loans, mainly secured by first mortgages $ 3,253,857 $ 3,521,954 Construction loans 177,032 212,500 Commercial mortgage loans 2,154,889 2,230,602 C&I loans (1) (2) (3) 3,083,863 3,202,590 Consumer loans 2,717,953 2,609,643 Loans held for investment (4) 11,387,594 11,777,289 ACL on loans and finance leases ( 324,958) ( 385,887) Loans held for investment, net $ 11,062,636 $ 11,391,402 (1) During the first quarter of 2021, three criticized commercial loan participations totaling $ 28.2 million were transferred to held for sale. These transfers resulted in charge-offs of $ 0.7 million in the first quarter of 2021. Two of these participations totaling $ 24.0 million were sold during the first six months of 2021. (2) As of June 30, 2021 and December 31, 2020, includes $ 349.3 million and $ 406.0 million, respectively, of Small Business Administration (“‘SBA”) Paycheck Protection Program (“SBA PPP”) loans. (3) As of June 30, 2021 and December 31, 2020, includes $ 986.0 million and $ 1.0 billion, respectively, of commercial loans that were secured by real estate but are not dependent upon the real estate for repayment. (4) Includes accretable fair value net purchase discounts of $ 39.1 million and $ 48.0 million as of June 30, 2021 and December 31, 2020, respectively. June 30, 2021 December 31, 2020 (In thousands) Residential mortgage loans $ 28,695 $ 50,289 Commercial and Industrial loans (1) 4,004 - Total $ 32,699 $ 50,289 (1) During the first quarter of 2021, three criticized commercial loan participations totaling $ 28.2 million were transferred to held for sale. These transfers resulted in charge-offs of $ 0.7 million in the first quarter of 2021. Two of these participations totaling $ 24.0 million were sold during the first six months of 2021. |
Corporation's Nonaccrual Status and Loans 90 Days or More Still Accruing [Table text Block] | The following tables present by portfolio classes the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of June 30, 2021 and the interest income recognized on nonaccrual loans for the quarters and six-month periods ended June 30, 2021 and 2020: As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Puerto Rico and Virgin Islands region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (2)(3) Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans ` Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 81,778 $ - $ - $ - $ - Conventional residential mortgage loans 11,435 98,026 109,461 36,618 523 272 835 566 Construction loans 4,236 1,939 6,175 55 17 22 32 42 Commercial mortgage loans 8,731 18,511 27,242 5,718 52 33 102 107 C&I loans 11,508 6,524 18,032 16,706 30 11 47 43 Consumer Loans: Auto loans 4,456 750 5,206 - 31 71 53 121 Finance leases 387 211 598 - - 10 1 21 Personal loans - 964 964 - 26 9 54 28 Credit cards - - - 2,995 - - - - Other consumer loans 6 1,588 1,594 2 1 - 1 5 Total loans held for investment (1) $ 40,759 $ 128,513 $ 169,272 $ 143,872 $ 680 $ 428 $ 1,125 $ 933 (1) Nonaccrual loans exclude $ 362.8 million of troubled debt restructuring (“TDR”) loans that were in compliance with modified terms and in accrual status as of June 30, 2021. (2) Nonaccrual loans exclude purchases with credit deterioration (“PCD”) loans previously accounted for under ASC Subtopic 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality” (“ASC Subtopic 310-30”) for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of June 30, 2021 was $ 125.2 million. The portion of such loans contractually past due 90 days or more is presented in the loans past due 90 days or more and still accruing category in the table above. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 8.0 million as of June 30, 2021. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. During the six-month period ended June 30, 2021, the Corporation repurchased, pursuant to the aforementioned repurchase option, $ 0.3 million of loans previously sold to GNMA. As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Florida region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans Loans Past Due 90 days or more and Still Accruing Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 250 $ - $ - $ - $ - Conventional residential mortgage loans 2,524 9,710 12,234 - 60 32 124 115 Construction loans - - - - - - - - Commercial mortgage loans - - - - - - - - C&I loans 513 290 803 34 20 14 38 33 Consumer Loans: Auto loans - 26 26 - - - - 2 Finance leases - - - - - - - - Personal loans - - - - - - - 2 Credit cards - - - - - - - - Other consumer loans - 315 315 - 2 - 7 4 Total loans held for investment (1) $ 3,037 $ 10,341 $ 13,378 $ 284 $ 82 $ 46 $ 169 $ 156 (1) Nonaccrual loans exclude $ 6.3 million of TDR loans that were in compliance with modified terms and in accrual status as of June 30, 2021. As of June 30, 2021 Quarter Ended June 30, 2021 Quarter Ended June 30, 2020 Six-Month Period Ended June 30, 2021 Six-Month Period Ended June 30, 2020 Total Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (2)(3) Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 82,028 $ - $ - $ - $ - Conventional residential mortgage loans 13,959 107,736 121,695 36,618 583 304 959 681 Construction loans 4,236 1,939 6,175 55 17 22 32 42 Commercial mortgage loans 8,731 18,511 27,242 5,718 52 33 102 107 C&I loans 12,021 6,814 18,835 16,740 50 25 85 76 Consumer Loans: Auto loans 4,456 776 5,232 - 31 71 53 123 Finance leases 387 211 598 - - 10 1 21 Personal loans - 964 964 - 26 9 54 30 Credit cards - - - 2,995 - - - - Other consumer loans 6 1,903 1,909 2 3 - 8 9 Total loans held for investment (1) $ 43,796 $ 138,854 $ 182,650 $ 144,156 $ 762 $ 474 $ 1,294 $ 1,089 (1) Nonaccrual loans exclude $ 369.1 million of TDR loans that were in compliance with modified terms and in accrual status as of June 30, 2021. (2) Nonaccrual loans exclude PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of June 30, 2021 was $ 125.2 million. The portion of such loans contractually past due 90 days or more is presented in the loans past due 90 days or more and still accruing category in the table above. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 8.0 million as of June 30, 2021. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. During the six-month period ended June 30, 2021, the Corporation repurchased, pursuant to the aforementioned repurchase option, $ 0.3 million of loans previously sold to GNMA. The following tables present by portfolio classes the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing as of December 31, 2020: As of December 31, 2020 Puerto Rico and Virgin Islands region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (3) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 98,993 Conventional residential mortgage loans 12,418 98,527 110,945 38,834 Construction loans 4,546 8,425 12,971 - Commercial mortgage loans 11,777 17,834 29,611 3,252 C&I loans 14,824 5,496 20,320 2,246 Consumer Loans: Auto loans 26 8,638 8,664 - Finance leases - 1,466 1,466 - Personal loans - 1,623 1,623 - Credit cards - - - 1,520 Other consumer loans - 3,682 3,682 - Total loans held for investment (1) $ 43,591 $ 145,691 $ 189,282 $ 144,845 (1) Nonaccrual loans exclude $ 386.7 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. (2) Excludes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of December 31, 2020 was $ 130.9 million. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.7 million as of December 31, 2020. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. As of December 31, 2020 Florida region Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans Loans Past Due 90 days or more and Still Accruing (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 250 Conventional residential mortgage loans 2,584 11,838 14,422 - Construction loans - - - - Commercial mortgage loans - - - - C&I loans 561 - 561 - Consumer Loans: Auto loans - 223 223 - Finance leases - - - - Personal loans - - - - Credit cards - - - - Other consumer loans - 601 601 - Total loans held for investment (1) $ 3,145 $ 12,662 $ 15,807 $ 250 (1) Nonaccrual loans exclude $ 6.6 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. As of December 31, 2020 Total Nonaccrual Loans with No ACL Nonaccrual Loans with ACL Total Nonaccrual Loans (2) Loans Past Due 90 days or more and Still Accruing (3) (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA\VA government-guaranteed $ - $ - $ - $ 99,243 Conventional residential mortgage loans 15,002 110,365 125,367 38,834 Construction loans 4,546 8,425 12,971 - Commercial mortgage loans 11,777 17,834 29,611 3,252 C&I loans 15,385 5,496 20,881 2,246 Consumer Loans: Auto loans 26 8,861 8,887 - Finance leases - 1,466 1,466 - Personal loans - 1,623 1,623 - Credit cards - - - 1,520 Other consumer loans - 4,283 4,283 - Total loans held for investment (1) $ 46,736 $ 158,353 $ 205,089 $ 145,095 (1) Nonaccrual loans exclude $ 393.3 million of TDR loans that were in compliance with modified terms and in accrual status as of December 31, 2020. (2) Excludes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election for maintaining pools of loans accounted for under ASC Subtopic 310-30 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 accrete interest income based on the effective interest rate of the loan pools determined at the time of adoption of CECL and 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 amortized cost of such loans as of December 31, 2020 was $ 130.9 million. (3) These include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.7 million as of December 31, 2020. Under the GNMA program, the Corporation has the option but not the obligation to repurchase loans that meet GNMA’s specified delinquency criteria. For accounting purposes, the loans subject to the repurchase option are required to be reflected on the financial statements with an offsetting liability. |
Corporation's Aging of the Loans Held for Investment by Portfolio Classes [Table text Block] | The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of June 30, 2021 is as follows: As of June 30, 2021 Puerto Rico and Virgin Islands region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,250 $ 81,778 $ 84,028 $ 54,146 $ 138,174 Conventional residential mortgage loans (4) - 37,475 146,079 183,554 2,468,234 2,651,788 Commercial loans: Construction loans (4) - 5 6,230 6,235 60,957 67,192 Commercial mortgage loans (4) 1,011 330 32,960 34,301 1,711,535 1,745,836 C&I loans 4,725 1,570 34,738 41,033 2,034,500 2,075,533 Consumer loans: Auto loans 17,678 2,528 5,206 25,412 1,392,527 1,417,939 Finance leases 3,558 487 598 4,643 512,113 516,756 Personal loans 2,876 1,064 964 4,904 335,961 340,865 Credit cards 2,647 1,408 2,995 7,050 285,567 292,617 Other consumer loans 984 656 1,596 3,236 126,202 129,438 Total loans held for investment $ 33,479 $ 47,773 $ 313,144 $ 394,396 $ 8,981,742 $ 9,376,138 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 55.8 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of June 30, 2021, includes $ 8.0 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 4.9 million, $ 67.9 million, $ 10.4 million, and $ 0.2 million, respectively. As of June 30, 2021 Florida region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) $ - $ - $ 250 $ 250 $ 627 $ 877 Conventional residential mortgage loans (3) - 969 12,234 13,203 449,815 463,018 Commercial loans: Construction loans - - - - 109,840 109,840 Commercial mortgage loans (3) - - - - 409,053 409,053 C&I loans 943 - 837 1,780 1,006,550 1,008,330 Consumer loans: Auto loans 331 108 26 465 12,284 12,749 Finance leases - - - - - - Personal loans - - - - 136 136 Credit cards - - - - - - Other consumer loans 9 - 315 324 7,129 7,453 Total loans held for investment $ 1,283 $ 1,077 $ 13,662 $ 16,022 $ 1,995,434 $ 2,011,456 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans). (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. No residential mortgage loans insured by the FHA in the Florida region were over 15 months delinquent as of June 30,2021. (3) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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. Conventional residential mortgage loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 5.3 million. As of June 30, 2021 Total 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,250 $ 82,028 $ 84,278 $ 54,773 $ 139,051 Conventional residential mortgage loans (4) - 38,444 158,313 196,757 2,918,049 3,114,806 Commercial loans: Construction loans (4) - 5 6,230 6,235 170,797 177,032 Commercial mortgage loans (4) 1,011 330 32,960 34,301 2,120,588 2,154,889 C&I loans 5,668 1,570 35,575 42,813 3,041,050 3,083,863 Consumer loans: Auto loans 18,009 2,636 5,232 25,877 1,404,811 1,430,688 Finance leases 3,558 487 598 4,643 512,113 516,756 Personal loans 2,876 1,064 964 4,904 336,097 341,001 Credit cards 2,647 1,408 2,995 7,050 285,567 292,617 Other consumer loans 993 656 1,911 3,560 133,331 136,891 Total loans held for investment $ 34,762 $ 48,850 $ 326,806 $ 410,418 $ 10,977,176 $ 11,387,594 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 55.8 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of June 30, 2021, includes $ 8.0 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of June 30, 2021 amounted to $ 4.9 million, $ 73.2 million, $ 10.4 million, and $ 0.2 million, respectively. The Corporation’s aging of the loan portfolio held for investment by portfolio classes as of December 31, 2020 is as follows: As of December 31, 2020 Puerto Rico and Virgin Islands region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,223 $ 98,993 $ 101,216 $ 48,348 $ 149,564 Conventional residential mortgage loans (4) - 61,040 149,779 210,819 2,641,820 2,852,639 Commercial loans: Construction loans (4) - 19 12,971 12,990 72,026 85,016 Commercial mortgage loans (4) 5,071 6,588 32,863 44,522 1,808,702 1,853,224 C&I loans 3,283 10,692 22,566 36,541 2,228,190 2,264,731 Consumer loans: Auto loans 24,025 5,992 8,664 38,681 1,239,445 1,278,126 Finance leases 5,059 1,086 1,466 7,611 465,378 472,989 Personal loans 4,034 1,981 1,623 7,638 364,373 372,011 Credit cards 3,528 5,842 1,518 10,888 308,936 319,824 Other consumer loans 2,143 993 3,684 6,820 133,162 139,982 Total loans held for investment $ 47,143 $ 96,456 $ 334,127 $ 477,726 $ 9,310,380 $ 9,788,106 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 57.9 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of December 31, 2020, includes $ 10.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 5.9 million, $ 105.2 million, $ 5.0 million, and $ 0.1 million, respectively. As of December 31, 2020 Florida region 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) $ - $ - $ 250 $ 250 $ 920 $ 1,170 Conventional residential mortgage loans (2) (3) - 3,237 14,422 17,659 500,922 518,581 Commercial loans: Construction loans - - - - 127,484 127,484 Commercial mortgage loans (3) - - - - 377,378 377,378 C&I loans 218 - 561 779 937,080 937,859 Consumer loans: Auto loans 710 297 223 1,230 17,068 18,298 Finance leases - - - - - - Personal loans - - - - 157 157 Credit cards - - - - - - Other consumer loans 58 - 601 659 7,597 8,256 Total loans held for investment $ 986 $ 3,534 $ 16,057 $ 20,577 $ 1,968,606 $ 1,989,183 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans). (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. No residential mortgage loans insured by the FHA in the Florida region were over 15 months delinquent as of December 31, 2020. (3) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans and conventional residential mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 0.2 million and $ 6.6 million, respectively. As of December 31, 2020 Total 30-59 Days Past Due 60-89 Days Past Due 90 days or more Past Due (1) (2) (3) Total Past Due Current Total loans held for investment (In thousands) Residential mortgage loans, mainly secured by first mortgages: FHA/VA government-guaranteed loans (2) (3) (4) $ - $ 2,223 $ 99,243 $ 101,466 $ 49,268 $ 150,734 Conventional residential mortgage loans (4) - 64,277 164,201 228,478 3,142,742 3,371,220 Commercial loans: Construction loans (4) - 19 12,971 12,990 199,510 212,500 Commercial mortgage loans (4) 5,071 6,588 32,863 44,522 2,186,080 2,230,602 C&I loans 3,501 10,692 23,127 37,320 3,165,270 3,202,590 Consumer loans: Auto loans 24,735 6,289 8,887 39,911 1,256,513 1,296,424 Finance leases 5,059 1,086 1,466 7,611 465,378 472,989 Personal loans 4,034 1,981 1,623 7,638 364,530 372,168 Credit cards 3,528 5,842 1,518 10,888 308,936 319,824 Other consumer loans 2,201 993 4,285 7,479 140,759 148,238 Total loans held for investment $ 48,129 $ 99,990 $ 350,184 $ 498,303 $ 11,278,986 $ 11,777,289 (1) Includes nonaccrual loans and accruing loans that were contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days. (2) It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA, guaranteed by the VA, and other government-insured loans as past-due loans 90 days and still accruing as opposed to nonaccrual loans since the principal repayment is insured. The Corporation continues accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 57.9 million of residential mortgage loans insured by the FHA that were over 15 months delinquent. (3) As of December 31, 2020, includes $ 10.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans. (4) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal 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 government-guaranteed loans, conventional residential mortgage loans, commercial mortgage loans, and construction loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2020 amounted to $ 6.1 million, $ 111.8 million, $ 5.0 million, and $ 0.1 million, respectively. |
Corporation's Credit Quality Indicators [Table text Block] | Based on the most recent analysis performed, the amortized cost of commercial and construction loans by portfolio classes and by origination year based on the internal credit-risk category as of June 30, 2021 and the amortized cost of commercial and construction loans by portfolio classes based on the internal credit-risk category as of December 31, 2020 was as follows: As of June 30, 2021 Puerto Rico and Virgin Islands region Term Loans As of December 31, 2020 Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total CONSTRUCTION Risk Ratings: Pass $ 3,971 $ 13,215 $ 33,745 $ 1,675 $ 201 $ 5,082 $ - $ 57,889 $ 68,836 Criticized: Special Mention - - 771 - - - - 771 776 Substandard - - - 4,621 - 3,911 - 8,532 15,404 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 3,971 $ 13,215 $ 34,516 $ 6,296 $ 201 $ 8,993 $ - $ 67,192 $ 85,016 COMMERCIAL MORTGAGE Risk Ratings: Pass $ 68,956 $ 371,751 $ 264,516 $ 236,187 $ 72,793 $ 411,313 $ 561 $ 1,426,077 $ 1,511,827 Criticized: Special Mention 3,798 10,673 88,104 - 119,255 21,553 - 243,383 292,736 Substandard 1,825 - - 20,855 6,498 47,198 - 76,376 48,661 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 74,579 $ 382,424 $ 352,620 $ 257,042 $ 198,546 $ 480,064 $ 561 $ 1,745,836 $ 1,853,224 COMMERCIAL AND INDUSTRIAL Risk Ratings: Pass $ 223,167 $ 290,656 $ 349,131 $ 221,790 $ 201,778 $ 220,170 $ 424,440 $ 1,931,132 $ 2,155,226 Criticized: Special Mention - - 1,012 - 77 52,261 12,587 65,937 59,421 Substandard 776 1,678 15,289 2,577 18,103 33,143 6,898 78,464 50,084 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial and industrial loans $ 223,943 $ 292,334 $ 365,432 $ 224,367 $ 219,958 $ 305,574 $ 443,925 $ 2,075,533 $ 2,264,731 (1) Excludes accrued interest receivable. As of June 30, 2021 Term Loans As of December 31, 2020 Florida region Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total CONSTRUCTION Risk Ratings: Pass $ 4,713 $ 68,374 $ 4,648 $ 32,105 $ - $ - $ - $ 109,840 $ 127,484 Criticized: Special Mention - - - - - - - - - Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 4,713 $ 68,374 $ 4,648 $ 32,105 $ - $ - $ - $ 109,840 $ 127,484 COMMERCIAL MORTGAGE Risk Ratings: Pass $ 37,647 $ 43,891 $ 79,680 $ 63,985 $ 39,099 $ 42,447 $ 21,567 $ 328,316 $ 291,627 Criticized: Special Mention - 16,809 23,406 6,782 5,352 27,904 164 80,417 85,427 Substandard - - - - - 320 - 320 324 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 37,647 $ 60,700 $ 103,086 $ 70,767 $ 44,451 $ 70,671 $ 21,731 $ 409,053 $ 377,378 COMMERCIAL AND INDUSTRIAL Risk Ratings: Pass $ 175,072 $ 157,804 $ 258,264 $ 89,992 $ 72,456 $ 41,027 $ 121,571 $ 916,186 $ 823,124 Criticized: Special Mention - - 47,339 - - - - 47,339 73,974 Substandard 290 27,137 209 12,055 - 4,779 335 44,805 40,761 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial and industrial loans $ 175,362 $ 184,941 $ 305,812 $ 102,047 $ 72,456 $ 45,806 $ 121,906 $ 1,008,330 $ 937,859 (1) Excludes accrued interest receivable. As of June 30, 2021 Total Term Loans As of December 31, 2020 Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total CONSTRUCTION Risk Ratings: Pass $ 8,684 $ 81,589 $ 38,393 $ 33,780 $ 201 $ 5,082 $ - $ 167,729 $ 196,320 Criticized: Special Mention - - 771 - - - - 771 776 Substandard - - - 4,621 - 3,911 - 8,532 15,404 Doubtful - - - - - - - - - Loss - - - - - - - - - Total construction loans $ 8,684 $ 81,589 $ 39,164 $ 38,401 $ 201 $ 8,993 $ - $ 177,032 $ 212,500 COMMERCIAL MORTGAGE Risk Ratings: Pass $ 106,603 $ 415,642 $ 344,196 $ 300,172 $ 111,892 $ 453,760 $ 22,128 $ 1,754,393 $ 1,803,454 Criticized: Special Mention 3,798 27,482 111,510 6,782 124,607 49,457 164 323,800 378,163 Substandard 1,825 - - 20,855 6,498 47,518 - 76,696 48,985 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial mortgage loans $ 112,226 $ 443,124 $ 455,706 $ 327,809 $ 242,997 $ 550,735 $ 22,292 $ 2,154,889 $ 2,230,602 COMMERCIAL AND INDUSTRIAL Risk Ratings: Pass $ 398,239 $ 448,460 $ 607,395 $ 311,782 $ 274,234 $ 261,197 $ 546,011 $ 2,847,318 $ 2,978,350 Criticized: Special Mention - - 48,351 - 77 52,261 12,587 113,276 133,395 Substandard 1,066 28,815 15,498 14,632 18,103 37,922 7,233 123,269 90,845 Doubtful - - - - - - - - - Loss - - - - - - - - - Total commercial and industrial loans $ 399,305 $ 477,275 $ 671,244 $ 326,414 $ 292,414 $ 351,380 $ 565,831 $ 3,083,863 $ 3,202,590 (1) Excludes accrued interest receivable. The following table presents the amortized cost of residential mortgage loans by origination year based on the original loan-to-value-ratio (LTV) and original credit scores as of June 30, 2021 and the amortized cost of residential mortgage loans by original LTV and original credit scores as of December 31, 2020: As of June 30, 2021 As of December 31, 2020 Term Loans RESIDENTIAL MORTGAGES Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total Puerto Rico and Virgin Islands region: FHA/VA government-guaranteed loans $ - $ 321 $ 709 $ 2,239 $ 4,827 $ 130,078 $ - $ 138,174 $ 149,564 Conventional residential mortgage loans: Original LTV: Less than or equal to 90 percent 26,975 36,351 57,816 84,469 59,854 1,621,776 - 1,887,241 2,029,177 Greater than 90 percent but less than or equal to 100 percent 648 1,653 6,993 7,617 4,984 647,874 - 669,769 725,049 Greater than 100 percent 1,213 - 934 5,174 2,567 84,890 - 94,778 98,413 Total residential mortgages in Puerto Rico and Virgin Islands region $ 28,836 $ 38,325 $ 66,452 $ 99,499 $ 72,232 $ 2,484,618 $ - $ 2,789,962 $ 3,002,203 Florida region: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 877 $ - $ 877 $ 1,170 Conventional residential mortgage loans: Original LTV: Less than or equal to 90 percent 20,542 37,113 44,856 54,780 71,470 218,510 - 447,271 497,410 Greater than 90 percent but less than or equal to 100 percent 1,237 4,165 1,487 2,112 3,651 3,095 - 15,747 21,171 Greater than 100 percent - - - - - - - - - Total residential mortgages in Florida region $ 21,779 $ 41,278 $ 46,343 $ 56,892 $ 75,121 $ 222,482 $ - $ 463,895 $ 519,751 Total: FHA/VA government-guaranteed loans $ - $ 321 $ 709 $ 2,239 $ 4,827 $ 130,955 $ - $ 139,051 $ 150,734 Conventional residential mortgage loans: Original LTV: Less than or equal to 90 percent 47,517 73,464 102,672 139,249 131,324 1,840,286 - 2,334,512 2,526,587 Greater than 90 percent but less than or equal to 100 percent 1,885 5,818 8,480 9,729 8,635 650,969 - 685,516 746,220 Greater than 100 percent 1,213 - 934 5,174 2,567 84,890 - 94,778 98,413 Total residential mortgages $ 50,615 $ 79,603 $ 112,795 $ 156,391 $ 147,353 $ 2,707,100 $ - $ 3,253,857 $ 3,521,954 (1) Excludes accrued interest receivable. As of June 30, 2021 As of December 31, 2020 Term Loans RESIDENTIAL MORTGAGES Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total Puerto Rico and Virgin Islands region: FHA/VA government-guaranteed loans $ - $ 321 $ 709 $ 2,239 $ 4,827 $ 130,078 $ - $ 138,174 $ 149,564 Conventional residential mortgage loans: Original FICO Score: Less than 620 - 42 77 461 53 308,917 - 309,550 326,190 Greater than or equal to 620 and less than 680 2,078 2,130 3,555 7,706 6,656 485,687 - 507,812 541,309 Greater than or equal to 680 and less than 740 8,548 13,961 23,599 34,879 23,272 679,269 - 783,528 841,797 Greater than or equal to 740 18,210 21,871 38,512 54,214 37,424 880,667 - 1,050,898 1,143,343 Total residential mortgages in Puerto Rico and Virgin Islands region $ 28,836 $ 38,325 $ 66,452 $ 99,499 $ 72,232 $ 2,484,618 $ - $ 2,789,962 $ 3,002,203 Florida region: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - $ 877 $ - $ 877 $ 1,170 Conventional residential mortgage loans: Original FICO Score: Less than 620 - - - 2,063 - 517 - 2,580 3,330 Greater than or equal to 620 and less than 680 3,677 3,567 4,247 2,953 7,163 24,313 - 45,920 48,420 Greater than or equal to 680 and less than 740 5,486 11,373 13,280 12,631 23,014 53,047 - 118,831 139,197 Greater than or equal to 740 12,616 26,338 28,816 39,245 44,944 143,728 - 295,687 327,634 Total residential mortgages in Florida region $ 21,779 $ 41,278 $ 46,343 $ 56,892 $ 75,121 $ 222,482 $ - $ 463,895 $ 519,751 Total: FHA/VA government-guaranteed loans $ - $ 321 $ 709 $ 2,239 $ 4,827 $ 130,955 $ - $ 139,051 $ 150,734 Conventional residential mortgage loans: Original FICO Score: Less than 620 - 42 77 2,524 53 309,434 - 312,130 329,520 Greater than or equal to 620 and less than 680 5,755 5,697 7,802 10,659 13,819 510,000 - 553,732 589,729 Greater than or equal to 680 and less than 740 14,034 25,334 36,879 47,510 46,286 732,316 - 902,359 980,994 Greater than or equal to 740 30,826 48,209 67,328 93,459 82,368 1,024,395 - 1,346,585 1,470,977 Total residential mortgages $ 50,615 $ 79,603 $ 112,795 $ 156,391 $ 147,353 $ 2,707,100 $ - $ 3,253,857 $ 3,521,954 (1) Excludes accrued interest receivable. The following tables present the amortized cost of consumer loans by origination year based on original credit scores as of June 30, 2021 and the amortized cost of consumer loans based on original credit scores as of December 31, 2020: CONSUMER As of June 30, 2021 Term Loans As of December 31, 2020 Puerto Rico and Virgin Islands region Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total Auto loans Original FICO score: Less than 620 $ 28,752 $ 36,885 $ 38,932 $ 19,189 $ 8,372 $ 7,510 $ - $ 139,640 $ 135,006 Greater than or equal to 620 and less than 680 90,111 120,750 123,895 73,716 29,760 17,988 - 456,220 430,434 Greater than or equal to 680 and less than 740 102,791 123,649 109,330 61,591 26,221 15,351 - 438,933 392,871 Greater than or equal to 740 107,539 116,932 84,422 40,740 20,750 12,763 - 383,146 319,815 Total auto loans $ 329,193 $ 398,216 $ 356,579 $ 195,236 $ 85,103 $ 53,612 $ - $ 1,417,939 $ 1,278,126 Finance leases Original FICO score: Less than 620 $ 2,336 $ 2,844 $ 4,657 $ 3,253 $ 1,399 $ 486 $ - $ 14,975 $ 15,182 Greater than or equal to 620 and less than 680 19,823 26,958 32,031 23,037 9,383 4,330 - 115,562 111,180 Greater than or equal to 680 and less than 740 40,873 50,556 52,472 39,437 14,520 9,557 - 207,415 191,846 Greater than or equal to 740 43,411 46,796 44,705 28,332 7,510 8,050 - 178,804 154,781 Total finance leases $ 106,443 $ 127,154 $ 133,865 $ 94,059 $ 32,812 $ 22,423 $ - $ 516,756 $ 472,989 Personal loans Original FICO score: Less than 620 $ 1,662 $ 1,463 $ 2,077 $ 1,625 $ 999 $ 2,603 $ - $ 10,429 $ 10,950 Greater than or equal to 620 and less than 680 5,085 8,086 19,628 7,691 2,857 1,584 - 44,931 49,665 Greater than or equal to 680 and less than 740 18,533 29,894 53,293 24,294 12,435 9,201 - 147,650 160,480 Greater than or equal to 740 16,723 26,196 46,077 24,888 12,211 8,352 - 134,447 146,622 Unscorable - 606 1,553 533 293 423 - 3,408 4,294 Total personal loans $ 42,003 $ 66,245 $ 122,628 $ 59,031 $ 28,795 $ 22,163 $ - $ 340,865 $ 372,011 Credit cards Original FICO score: Less than 620 $ - $ - $ - $ - $ - $ - $ 12,164 $ 12,164 $ 12,978 Greater than or equal to 620 and less than 680 - - - - - - 56,410 56,410 60,961 Greater than or equal to 680 and less than 740 - - - - - - 127,774 127,774 137,563 Greater than or equal to 740 - - - - - - 96,269 96,269 103,938 Unscorable - - - - - - - - 4,384 Total credit cards $ - $ - $ - $ - $ - $ - $ 292,617 $ 292,617 $ 319,824 Other consumer loans Original FICO score: Less than 620 $ 3,035 $ 3,375 $ 7,479 $ 2,037 $ 1,124 $ 1,935 $ 3,211 $ 22,196 $ 23,740 Greater than or equal to 620 and less than 680 13,748 11,525 16,742 5,079 2,470 5,703 1,803 57,070 61,667 Greater than or equal to 680 and less than 740 9,580 10,210 9,401 3,877 1,455 1,354 3,011 38,888 38,602 Greater than or equal to 740 2,250 3,254 2,746 845 372 130 1,498 11,095 11,535 Unscorable - - - - - - 189 189 4,438 Total other consumer loans $ 28,613 $ 28,364 $ 36,368 $ 11,838 $ 5,421 $ 9,122 $ 9,712 $ 129,438 $ 139,982 Total consumer loans in Puerto Rico and Virgin Islands region $ 506,252 $ 619,979 $ 649,440 $ 360,164 $ 152,131 $ 107,320 $ 302,329 $ 2,697,615 $ 2,582,932 (1) Excludes accrued interest receivable. CONSUMER As of June 30, 2021 Term Loans As of December 31, 2020 Florida region Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total Auto loans Original FICO score: Less than 620 $ - $ - $ 17 $ 589 $ 452 $ 432 $ - $ 1,490 $ 2,269 Greater than or equal to 620 and less than 680 - - 382 2,820 2,104 996 - 6,302 9,042 Greater than or equal to 680 and less than 740 - - 261 2,071 905 341 - 3,578 5,094 Greater than or equal to 740 - - 190 946 191 52 - 1,379 1,893 Total auto loans $ - $ - $ 850 $ 6,426 $ 3,652 $ 1,821 $ - $ 12,749 $ 18,298 Finance leases Original FICO score: Less than 620 $ - $ - $ - $ - $ - $ - $ - $ - $ - Greater than or equal to 620 and less than 680 - - - - - - - - - Greater than or equal to 680 and less than 740 - - - - - - - - - Greater than or equal to 740 - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Personal loans Original FICO score: Less than 620 $ 9 $ 25 $ 2 $ - $ - $ - $ - $ 36 $ 107 Greater than or equal to 620 and less than 680 - 6 - - - - - 6 8 Greater than or equal to 680 and less than 740 - - 20 - - - - 20 38 Greater than or equal to 740 - 74 - - - - - 74 4 Total personal loans $ 9 $ 105 $ 22 $ - $ - $ - $ - $ 136 $ 157 Credit cards Original FICO score: Less than 620 $ - $ - $ - $ - $ - $ - $ - $ - $ - Greater than or equal to 620 and less than 680 - - - - - - - - - Greater than or equal to 680 and less than 740 - - - - - - - - - Greater than or equal to 740 - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans Original FICO score: Less than 620 $ - $ - $ - $ - $ - $ - $ 78 $ 78 $ 164 Greater than or equal to 620 and less than 680 - 186 - - - 381 66 633 1,023 Greater than or equal to 680 and less than 740 - 175 - 41 49 1,240 409 1,914 2,180 Greater than or equal to 740 241 129 - - 24 2,306 2,128 4,828 4,889 Total other consumer loans $ 241 $ 490 $ - $ 41 $ 73 $ 3,927 $ 2,681 $ 7,453 $ 8,256 Total consumer loans in Florida region $ 250 $ 595 $ 872 $ 6,467 $ 3,725 $ 5,748 $ 2,681 $ 20,338 $ 26,711 (1) Excludes accrued interest receivable. CONSUMER As of June 30, 2021 Term Loans As of December 31, 2020 Total Amortized Cost Basis by Origination Year (1) (In thousands) 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Basis Total Total Auto loans Original FICO score: Less than 620 $ 28,752 $ 36,885 $ 38,949 $ 19,778 $ 8,824 $ 7,942 $ - $ 141,130 $ 137,275 Greater than or equal to 620 and less than 680 90,111 120,750 124,277 76,536 31,864 18,984 - 462,522 439,476 Greater than or equal to 680 and less than 740 102,791 123,649 109,591 63,662 27,126 15,692 - 442,511 397,965 Greater than or equal to 740 107,539 116,932 84,612 41,686 20,941 12,815 - 384,525 321,708 Total auto loans $ 329,193 $ 398,216 $ 357,429 $ 201,662 $ 88,755 $ 55,433 $ - $ 1,430,688 $ 1,296,424 Finance leases Original FICO score: Less than 620 $ 2,336 $ 2,844 $ 4,657 $ 3,253 $ 1,399 $ 486 $ - $ 14,975 $ 15,182 Greater than or equal to 620 and less than 680 19,823 26,958 32,031 23,037 9,383 4,330 - 115,562 111,180 Greater than or equal to 680 and less than 740 40,873 50,556 52,472 39,437 14,520 9,557 - 207,415 191,846 Greater than or equal to 740 43,411 46,796 44,705 28,332 7,510 8,050 - 178,804 154,781 Total finance leases $ 106,443 $ 127,154 $ 133,865 $ 94,059 $ 32,812 $ 22,423 $ - $ 516,756 $ 472,989 Personal loans Original FICO score: Less than 620 $ 1,671 $ 1,488 $ 2,079 $ 1,625 $ 999 $ 2,603 $ - $ 10,465 $ 11,057 Greater than or equal to 620 and less than 680 5,085 8,092 19,628 7,691 2,857 1,584 - 44,937 49,673 Greater than or equal to 680 and less than 740 18,533 29,894 53,313 24,294 12,435 9,201 - 147,670 160,518 Greater than or equal to 740 16,723 26,270 46,077 24,888 12,211 8,352 - 134,521 146,626 Unscorable - 606 1,553 533 293 423 - 3,408 4,294 Total personal loans $ 42,012 $ 66,350 $ 122,650 $ 59,031 $ 28,795 $ 22,163 $ - $ 341,001 $ 372,168 Credit cards Original FICO score: Less than 620 $ - $ - $ - $ - $ - $ - $ 12,164 $ 12,164 $ 12,978 Greater than or equal to 620 and less than 680 - - - - - - 56,410 56,410 60,961 Greater than or equal to 680 and less than 740 - - - - - - 127,774 127,774 137,563 Greater than or equal to 740 - - - - - - 96,269 96,269 103,938 Unscorable - - - - - - - - 4,384 Total credit cards $ - $ - $ - $ - $ - $ - $ 292,617 $ 292,617 $ 319,824 Other consumer loans Original FICO score: Less than 620 $ 3,035 $ 3,375 $ 7,479 $ 2,037 $ 1,124 $ 1,935 $ 3,289 $ 22,274 $ 23,904 Greater than or equal to 620 and less than 680 13,748 11,711 16,742 5,079 2,470 6,084 1,869 57,703 62,690 Greater than or equal to 680 and less than 740 9,580 10,385 9,401 3,918 1,504 2,594 3,420 40,802 40,782 Greater than or equal to 740 2,491 3,383 2,746 845 396 2,436 3,626 15,923 16,424 Unscorable - - - - - - 189 189 4,438 Total other consumer loans $ 28,854 $ 28,854 $ 36,368 $ 11,879 $ 5,494 $ 13,049 $ 12,393 $ 136,891 $ 148,238 Total consumer loans $ 506,502 $ 620,574 $ 650,312 $ 366,631 $ 155,856 $ 113,068 $ 305,010 $ 2,717,953 $ 2,609,643 (1) Excludes accrued interest receivable. |
Collateral Pledged [Member] | |
Accounts Notes And Loans Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | June 30, 2021 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Puerto Rico and Virgin Islands region Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 106,551 24,063 1,500 108,051 24,063 Commercial loans: Construction loans - - 5,606 5,606 - Commercial mortgage loans 16,528 1,312 50,515 67,043 1,312 C&I loans 3,755 534 40,059 43,814 534 Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans 145 2 - 145 2 Credit cards - - - - - Other consumer loans 977 184 - 977 184 $ 127,956 $ 26,095 $ 97,680 $ 225,636 $ 26,095 December 31, 2020 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Puerto Rico and Virgin Islands region Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 100,950 9,582 7,145 108,095 9,582 Commercial loans: Construction loans 6,036 500 6,125 12,161 500 Commercial mortgage loans 17,882 1,923 49,241 67,123 1,923 C&I loans 21,933 880 24,728 46,661 880 Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans 146 2 - 146 2 Credit cards - - - - - Other consumer loans 857 113 - 857 113 $ 147,804 $ 13,000 $ 87,239 $ 235,043 $ 13,000 June 30, 2021 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Florida region Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 6,245 637 2,524 8,769 637 Commercial loans: Construction loans - - - - - Commercial mortgage loans - - 2,296 2,296 - C&I loans - - 513 513 - Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans - - - - - Credit cards - - - - - Other consumer loans 179 53 - 179 53 $ 6,424 $ 690 $ 5,333 $ 11,757 $ 690 December 31, 2020 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Florida region Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 6,224 988 2,400 8,624 988 Commercial loans: Construction loans - - - - - Commercial mortgage loans - - 2,327 2,327 - C&I loans - - 561 561 - Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans - - - - - Credit cards - - - - - Other consumer loans 248 83 - 248 83 $ 6,472 $ 1,071 $ 5,288 $ 11,760 $ 1,071 June 30, 2021 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 112,796 24,700 4,024 116,820 24,700 Commercial loans: Construction loans - - 5,606 5,606 - Commercial mortgage loans 16,528 1,312 52,811 69,339 1,312 C&I loans 3,755 534 40,572 44,327 534 Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans 145 2 - 145 2 Credit cards - - - - - Other consumer loans 1,156 237 - 1,156 237 $ 134,380 $ 26,785 $ 103,013 $ 237,393 $ 26,785 December 31, 2020 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: FHA/VA government-guaranteed loans $ - $ - $ - $ - $ - Conventional residential mortgage loans 107,174 10,570 9,545 116,719 10,570 Commercial loans: Construction loans 6,036 500 6,125 12,161 500 Commercial mortgage loans 17,882 1,923 51,568 69,450 1,923 C&I loans 21,933 880 25,289 47,222 880 Consumer loans: Auto loans - - - - - Finance leases - - - - - Personal loans 146 2 - 146 2 Credit cards - - - - - Other consumer loans 1,105 196 - 1,105 196 $ 154,276 $ 14,071 $ 92,527 $ 246,803 $ 14,071 |
Entity Loan Modification Program [Member] | |
Accounts Notes And Loans Receivable [Line Items] | |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | As of June 30, 2021 Puerto Rico and Virgin Islands region Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 17,236 $ 10,954 $ 203,362 $ - $ 222 $ 65,121 $ 296,895 Construction loans 19 1,491 1,434 - - 169 3,113 Commercial mortgage loans 1,441 727 32,922 - 16,224 6,904 58,218 C&I loans 227 2,482 13,444 - 17,403 34,811 68,367 Consumer loans: Auto loans - 300 3,514 - - 4,543 8,357 Finance leases - 4 406 - - 673 1,083 Personal loans 55 7 443 - - 423 928 Credit cards - - 2,711 10 - - 2,721 Other consumer loans 1,088 953 302 165 - 311 2,819 Total TDRs in Puerto Rico and Virgin Islands region $ 20,066 $ 16,918 $ 258,538 $ 175 $ 33,849 $ 112,955 $ 442,501 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. As of December 31, 2020 Puerto Rico and Virgin Islands region Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 17,740 $ 11,125 $ 211,155 $ - $ 223 $ 66,694 $ 306,937 Construction loans 21 1,700 1,516 - - 186 3,423 Commercial mortgage loans 1,491 1,380 35,714 - 16,473 6,765 61,823 C&I loans 238 12,267 14,119 - 17,890 35,744 80,258 Consumer loans: Auto loans - 474 4,863 - - 6,112 11,449 Finance leases - 15 588 - - 541 1,144 Personal loans 58 9 571 - - 286 924 Credit cards - - 2,342 16 - - 2,358 Other consumer loans 1,602 991 572 193 - 343 3,701 Total TDRs in Puerto Rico and Virgin Islands region $ 21,150 $ 27,961 $ 271,440 $ 209 $ 34,586 $ 116,671 $ 472,017 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. As of June 30, 2021 Florida region Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 959 $ 395 $ 2,915 $ - $ - $ 16 $ 4,285 Construction loans - - - - - - - Commercial mortgage loans - 822 1,474 - - - 2,296 C&I loans - 290 - - - 179 469 Consumer loans: Auto loans - 41 12 - - - 53 Finance leases - - - - - - - Personal loans - - - - - - - Credit cards - - - - - - - Other consumer loans - - 109 - - 365 474 Total TDRs in Florida region $ 959 $ 1,548 $ 4,510 $ - $ - $ 560 $ 7,577 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. As of December 31, 2020 Florida region Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 989 $ 401 $ 2,257 $ - $ - $ 22 $ 3,669 Construction loans - - - - - - - Commercial mortgage loans - 834 1,781 - - - 2,615 C&I loans - - - - - 224 224 Consumer loans: Auto loans - 55 15 - - - 70 Finance leases - - - - - - - Personal loans - - - - - - - Credit cards - - - - - - - Other consumer loans 37 - 172 - - 392 601 Total TDRs in Florida region $ 1,026 $ 1,290 $ 4,225 $ - $ - $ 638 $ 7,179 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. As of June 30, 2021 Total Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 18,195 $ 11,349 $ 206,277 $ - $ 222 $ 65,137 $ 301,180 Construction loans 19 1,491 1,434 - - 169 3,113 Commercial mortgage loans 1,441 1,549 34,396 - 16,224 6,904 60,514 C&I loans 227 2,772 13,444 - 17,403 34,990 68,836 Consumer loans: Auto loans - 341 3,526 - - 4,543 8,410 Finance leases - 4 406 - - 673 1,083 Personal loans 55 7 443 - - 423 928 Credit cards - - 2,711 10 - - 2,721 Other consumer loans 1,088 953 411 165 - 676 3,293 Total TDRs $ 21,025 $ 18,466 $ 263,048 $ 175 $ 33,849 $ 113,515 $ 450,078 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. As of December 31, 2020 Total Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) TDRs: Conventional residential mortgage loans $ 18,729 $ 11,526 $ 213,412 $ - $ 223 $ 66,716 $ 310,606 Construction loans 21 1,700 1,516 - - 186 3,423 Commercial mortgage loans 1,491 2,214 37,495 - 16,473 6,765 64,438 C&I loans 238 12,267 14,119 - 17,890 35,968 80,482 Consumer loans: Auto loans - 529 4,878 - - 6,112 11,519 Finance leases - 15 588 - - 541 1,144 Personal loans 58 9 571 - - 286 924 Credit cards - - 2,342 16 - - 2,358 Other consumer loans 1,639 991 744 193 - 735 4,302 Total TDRs $ 22,176 $ 29,251 $ 275,665 $ 209 $ 34,586 $ 117,309 $ 479,196 (1) Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of two or more of the concessions listed in the table. Amounts included in Other that represent a combination of concessions are excluded from the amounts reported in the column for such individual concessions. The following table presents the Corporation's TDR loans held for investment activity for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Beginning balance of TDRs $ 460,204 $ 497,295 $ 479,196 $ 487,997 New TDRs 4,119 5,421 7,138 28,546 Increases to existing TDRs 23 3,508 57 3,611 Charge-offs post modification ( 586) ( 1,178) ( 3,495) ( 3,515) Foreclosures ( 744) ( 27) ( 1,610) ( 1,638) Removed from TDR classification - - ( 6,023) - Paid-off, partial payments and other ( 12,938) ( 8,812) ( 25,185) ( 18,794) Ending balance of TDRs $ 450,078 $ 496,207 $ 450,078 $ 496,207 The following tables provide a breakdown of the TDR loans held for investment by those in accrual and nonaccrual status as of the indicated dates: June 30, 2021 Puerto Rico and Virgin Islands region Florida region Total Accrual Nonaccrual Total TDRs Accrual Nonaccrual Total TDRs Accrual Nonaccrual (1) Total TDRs (In thousands) Conventional residential mortgage loans $ 242,736 $ 54,159 $ 296,895 $ 3,438 $ 847 $ 4,285 $ 246,174 $ 55,006 $ 301,180 Construction loans 2,372 741 3,113 - - - 2,372 741 3,113 Commercial mortgage loans 41,493 16,725 58,218 2,296 - 2,296 43,789 16,725 60,514 C&I loans 63,697 4,670 68,367 - 469 469 63,697 5,139 68,836 Consumer loans: Auto loans 5,331 3,026 8,357 53 - 53 5,384 3,026 8,410 Finance leases 1,080 3 1,083 - - - 1,080 3 1,083 Personal loans 914 14 928 - - - 914 14 928 Credit Cards 2,721 - 2,721 - - - 2,721 - 2,721 Other consumer loans 2,503 316 2,819 474 - 474 2,977 316 3,293 Total TDRs $ 362,847 $ 79,654 $ 442,501 $ 6,261 $ 1,316 $ 7,577 $ 369,108 $ 80,970 $ 450,078 (1) Included in nonaccrual loans are $ 8.0 million in loans that are performing under the terms of the restructuring agreement but are reported in nonaccrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and are deemed fully collectible. December 31, 2020 Puerto Rico and Virgin Islands region Florida region Total Accrual Nonaccrual Total TDRs Accrual Nonaccrual Total TDRs Accrual Nonaccrual (1) Total TDRs (In thousands) Conventional residential mortgage loans $ 253,421 $ 53,516 $ 306,937 $ 3,358 $ 311 $ 3,669 $ 256,779 $ 53,827 $ 310,606 Construction loans 2,480 943 3,423 - - - 2,480 943 3,423 Commercial mortgage loans 43,012 18,811 61,823 2,615 - 2,615 45,627 18,811 64,438 C&I loans 73,649 6,609 80,258 - 224 224 73,649 6,833 80,482 Consumer loans: Auto loans 6,481 4,968 11,449 70 - 70 6,551 4,968 11,519 Finance leases 1,125 19 1,144 - - - 1,125 19 1,144 Personal loans 920 4 924 - - - 920 4 924 Credit Cards 2,358 - 2,358 - - - 2,358 - 2,358 Other consumer loans 3,274 427 3,701 564 37 601 3,838 464 4,302 Total TDRs $ 386,720 $ 85,297 $ 472,017 $ 6,607 $ 572 $ 7,179 $ 393,327 $ 85,869 $ 479,196 (1) Included in nonaccrual loans are $ 5.9 million in loans that are performing under the terms of the restructuring agreement but are reported in nonaccrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and are deemed fully collectible. Loan modifications that are considered TDR loans completed during the quarters and six-month periods ended June 30, 2021 and 2020 were as follows: Quarter Ended June 30, 2021 Puerto Rico and Virgin Islands region Florida region Total Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 12 $ 956 $ 956 2 $ 575 $ 575 14 $ 1,531 $ 1,531 Construction loans - - - - - - - - - Commercial mortgage loans 2 493 532 - - - 2 493 532 C&I loans 1 295 172 1 299 299 2 594 471 Consumer loans: Auto loans 34 622 626 - - - 34 622 626 Finance leases 10 171 173 - - - 10 171 173 Personal loans 17 201 207 - - - 17 201 207 Credit Cards 98 530 530 - - - 98 530 530 Other consumer loans 11 49 49 - - - 11 49 49 Total TDRs 185 $ 3,317 $ 3,245 3 $ 874 $ 874 188 $ 4,191 $ 4,119 Quarter Ended June 30, 2020 Puerto Rico and Virgin Islands region Florida region Total Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 20 $ 1,233 $ 1,224 - $ - $ - 20 $ 1,233 $ 1,224 Construction loans - - - - - - - - - Commercial mortgage loans - - - - - - - - - C&I loans 3 3,678 3,678 - - - 3 3,678 3,678 Consumer loans: Auto loans 15 203 201 - - - 15 203 201 Finance leases 4 70 70 - - - 4 70 70 Personal loans 3 29 29 - - - 3 29 29 Credit Cards 40 205 205 - - - 40 205 205 Other consumer loans 21 15 14 - - - 21 15 14 Total TDRs 106 $ 5,433 $ 5,421 - $ - $ - 106 $ 5,433 $ 5,421 Six-Month Period Ended June 30, 2021 Puerto Rico and Virgin Islands region Florida region Total Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 22 $ 2,002 $ 1,901 3 $ 896 $ 896 25 $ 2,898 $ 2,797 Construction loans - - - - - - - - - Commercial mortgage loans 4 658 697 - - - 4 658 697 C&I loans 1 295 172 1 299 299 2 594 471 Consumer loans: Auto loans 79 1,440 1,441 - - - 79 1,440 1,441 Finance leases 23 360 361 - - - 23 360 361 Personal loans 23 227 233 - - - 23 227 233 Credit Cards 163 964 964 - - - 163 964 964 Other consumer loans 41 174 174 - - - 41 174 174 Total TDRs 356 $ 6,120 $ 5,943 4 $ 1,195 $ 1,195 360 $ 7,315 $ 7,138 Six-Month Period Ended June 30, 2020 Puerto Rico and Virgin Islands region Florida region Total Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost Number of contracts Pre-modification Amortized Cost Post-modification Amortized Cost (Dollars in thousands) TDRs: Conventional residential mortgage loans 52 $ 4,357 $ 3,784 - $ - $ - 52 $ 4,357 $ 3,784 Construction loans - - - - - - - - - Commercial mortgage loans 2 75 81 - - - 2 75 81 C&I loans 6 22,064 22,064 - - - 6 22,064 22,064 Consumer loans: Auto loans 96 1,444 1,436 - - - 96 1,444 1,436 Finance leases 25 354 354 - - - 25 354 354 Personal loans 16 142 140 - - - 16 142 140 Credit Cards 97 485 485 - - - 97 485 485 Other consumer loans 85 195 202 - - - 85 195 202 Total TDRs 379 $ 29,116 $ 28,546 - $ - $ - 379 $ 29,116 $ 28,546 Loan modifications considered TDR loans that defaulted during the quarters and six-month periods ended June 30, 2021 and 2020, and had become TDR during the 12-months preceding the default date, were as follows: Quarter Ended June 30, 2021 2020 Puerto Rico and Virgin Islands region Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans - $ - - $ - Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans 17 174 11 147 Finance leases - - - - Personal loans - - - - Credit cards 11 86 22 100 Other consumer loans 2 3 7 19 Total Puerto Rico and Virgin Islands region 30 $ 263 40 $ 266 Quarter Ended June 30, 2021 2020 Florida region Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans - $ - - $ - Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans - - - - Finance leases - - - - Personal loans - - - - Credit cards - - - - Other consumer loans - - - - Total in Florida region - $ - - $ - Quarter Ended June 30, 2021 2020 Total Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans - $ - - $ - Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans 17 174 11 147 Finance leases - - - - Personal loans - - - - Credit cards 11 86 22 100 Other consumer loans 2 3 7 19 Total 30 $ 263 40 $ 266 Six-Month Period Ended June 30, 2021 2020 Puerto Rico and Virgin Islands region Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 2 $ 178 6 $ 1,889 Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - 1 35 Consumer loans: Auto loans 46 731 21 323 Finance leases - - 1 5 Personal loans - - 1 7 Credit cards 12 93 27 114 Other consumer loans 9 36 36 127 Total Puerto Rico and Virgin Islands region 69 $ 1,038 93 $ 2,500 Six-Month Period Ended June 30, 2021 2020 Florida region Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans - $ - - $ - Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - - - Consumer loans: Auto loans - - - - Finance leases - - - - Personal loans - - - - Credit cards - - - - Other consumer loans - - - - Total in Florida region - $ - - $ - Six-Month Period Ended June 30, 2021 2020 Total Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 2 $ 178 6 $ 1,889 Construction loans - - - - Commercial mortgage loans - - - - C&I loans - - 1 35 Consumer loans: Auto loans 46 731 21 323 Finance leases - - 1 5 Personal loans - - 1 7 Credit cards 12 93 27 114 Other consumer loans 9 36 36 127 Total 69 $ 1,038 93 $ 2,500 |
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | |
Accounts Notes And Loans Receivable [Line Items] | |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | Quarter Ended Quarter Ended June 30, 2021 June 30, 2020 (In thousands) Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Beginning balance of A/B Notes $ 16,298 $ 27,048 $ 1,519 $ 44,865 $ 22,652 $ 26,396 $ 1,858 $ 50,906 Increase to existing TDRs - - - - - 371 34 405 Principal repayments ( 73) ( 306) ( 43) ( 422) ( 53) - - ( 53) Ending balance of A/B Notes $ 16,225 $ 26,742 $ 1,476 $ 44,443 $ 22,599 $ 26,767 $ 1,892 $ 51,258 Six-Month Period Ended Six-Month Period Ended June 30, 2021 June 30, 2020 (In thousands) Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Beginning balance of A/B Notes $ 16,475 $ 27,050 $ 1,562 $ 45,087 $ 22,749 $ 26,596 $ 1,883 $ 51,228 Increase to existing TDRs - - - - - 371 34 405 Principal repayments ( 150) ( 308) ( 86) ( 544) ( 150) ( 200) ( 25) ( 375) Charge-offs ( 100) - - ( 100) - - - - Ending balance of A/B Notes $ 16,225 $ 26,742 $ 1,476 $ 44,443 $ 22,599 $ 26,767 $ 1,892 $ 51,258 Quarter Ended Quarter Ended June 30, 2021 June 30, 2020 (In thousands) Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Commercial Mortgage loans Commercial and Industrial loans Construction loans Total ACL at the beginning of the period for A/B Notes $ - $ - $ - $ - $ 3,116 $ 1 $ - $ 3,117 Provision for credit losses - expense - - - - 530 437 - 967 ACL at the end of the period for A/B notes $ - $ - $ - $ - $ 3,646 $ 438 $ - $ 4,084 Six-Month Period Ended Six-Month Period Ended June 30, 2021 June 30, 2020 (In thousands) Commercial Mortgage loans Commercial and Industrial loans Construction loans Total Commercial Mortgage loans Commercial and Industrial loans Construction loans Total ACL at the beginning of the period for A/B Notes $ - $ 401 $ - $ 401 $ 3,516 $ 14 $ - $ 3,530 Impact of adopting CECL - - - - ( 415) 89 - ( 326) Provision for credit losses - expense (benefit) 100 ( 401) - ( 301) 545 335 - 880 Charge-offs ( 100) - - ( 100) - - - - ACL at the end of the period for A/B notes $ - $ - $ - $ - $ 3,646 $ 438 $ - $ 4,084 |
ALLOWANCE FOR CREDIT LOSSES F_2
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Loans And Leases Receivable Disclosure [Abstract] | |
Allowance For Credit Losses On Financing Receivables [Table Text Block] | The following table presents the activity in the ACL for loans and finance leases by portfolio segment for the indicated periods: Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Quarter Ended June 30, 2021 (In thousands) ACL: Beginning balance $ 114,044 $ 4,915 $ 99,782 $ 32,087 $ 108,108 $ 358,936 Provision for credit losses - expense (benefit) 825 ( 196) ( 27,299) ( 426) 794 ( 26,302) Charge-offs ( 2,927) - ( 81) ( 60) ( 14,798) ( 17,866) Recoveries 940 38 50 5,869 3,293 10,190 Ending balance $ 112,882 $ 4,757 $ 72,452 $ 37,470 $ 97,397 $ 324,958 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Six-Month Period Ended June 30, 2021 (In thousands) ACL: Beginning balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 Provision for credit losses - (benefit) expense ( 3,350) ( 652) ( 36,119) ( 5,738) 5,114 ( 40,745) Charge-offs ( 5,752) ( 45) ( 875) ( 869) ( 26,559) ( 34,100) Recoveries 1,673 74 104 6,133 5,932 13,916 Ending balance $ 112,882 $ 4,757 $ 72,452 $ 37,470 $ 97,397 $ 324,958 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Quarter Ended June 30, 2020 (In thousands) ACL: Beginning balance $ 107,082 $ 5,253 $ 33,971 $ 38,310 $ 108,158 $ 292,774 Provision for credit losses - expense (benefit) 6,162 2,601 15,439 ( 5) 12,211 36,408 Charge-offs ( 1,922) ( 71) ( 18) ( 48) ( 9,990) ( 12,049) Recoveries 128 17 43 53 1,923 2,164 Ending balance $ 111,450 $ 7,800 $ 49,435 $ 38,310 $ 112,302 $ 319,297 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial & Industrial Loans Consumer Loans Total Six-Month Period Ended June 30, 2020 (In thousands) ACL: Beginning balance, prior to the adoption of CECL $ 44,806 $ 2,370 $ 39,194 $ 15,198 $ 53,571 $ 155,139 Impact of adopting CECL 49,837 797 ( 19,306) 14,731 35,106 81,165 Provision for credit losses 22,380 4,663 29,606 8,386 45,418 110,453 Charge-offs ( 6,357) ( 74) ( 146) ( 173) ( 25,494) ( 32,244) Recoveries 784 44 87 168 3,701 4,784 Ending balance $ 111,450 $ 7,800 $ 49,435 $ 38,310 $ 112,302 $ 319,297 The tables below present the ACL related to loans and finance leases and the carrying value of loans by portfolio segment as of June 30, 2021 and December 31, 2020: Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total As of June 30, 2021 (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 3,253,857 $ 177,032 $ 2,154,889 $ 3,083,863 $ 2,717,953 11,387,594 Allowance for credit losses 112,882 4,757 72,452 37,470 97,397 324,958 Allowance for credit losses to amortized cost 3.47 % 2.69 % 3.36 % 1.22 % 3.58 2.85 % As of December 31, 2020 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 3,521,954 $ 212,500 $ 2,230,602 $ 3,202,590 $ 2,609,643 $ 11,777,289 Allowance for credit losses 120,311 5,380 109,342 37,944 112,910 385,887 Allowance for credit losses to amortized cost 3.42 % 2.53 % 4.90 % 1.18 % 4.33 % 3.28 % (1) As of June 30, 2021 and December 31, 2020, includes $ 349.3 million and $ 406.0 million of SBA PPP loans, respectively, which require no ACL as these loans are 100% guaranteed by the SBA. Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Beginning Balance $ 4,399 $ 5,741 $ 5,105 $ - Impact of adopting CECL - - - 3,922 Provision for credit losses - (benefit) expense ( 1,669) 1,343 ( 2,375) 3,162 Ending balance $ 2,730 $ 7,084 $ 2,730 $ 7,084 |
LOANS HELD FOR SALE (Tables)
LOANS HELD FOR SALE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Receivables Held For Sale [Abstract] | |
Loans Held For Sale Table [Text Block] | June 30, 2021 December 31, 2020 (In thousands) Residential mortgage loans $ 28,695 $ 50,289 Commercial and Industrial loans (1) 4,004 - Total $ 32,699 $ 50,289 (1) During the first quarter of 2021, three criticized commercial loan participations totaling $ 28.2 million were transferred to held for sale. These transfers resulted in charge-offs of $ 0.7 million in the first quarter of 2021. Two of these participations totaling $ 24.0 million were sold during the first six months of 2021. |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Real Estate Owned Disclosure Of Detailed Components [Abstract] | |
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block] | The following table presents the OREO inventory as of the dates indicated: June 30, December 31, 2021 2020 (In thousands) OREO OREO balances, carrying value: Residential (1) $ 29,172 $ 32,418 Commercial 31,494 44,356 Construction 5,920 6,286 Total $ 66,586 $ 83,060 (1) Excludes $ 18.5 million and $ 18.6 million as of June 30, 2021 and December 31, 2020, respectively, of foreclosures that meet the conditions of ASC Subtopic 310-40 "Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure," and are presented as a receivable part of other assets in the consolidated statements of financial condition. |
LEASES (Tables)
LEASES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Maturities under lease liabilities [Table Text Block] | Maturities under lease liabilities as of June 30, 2021 were as follows: Amount (In thousands) 2021 $ 9,504 2022 18,228 2023 16,301 2024 14,790 2025 13,646 2026 and later years 39,392 Total lease payments 111,861 Less: imputed interest ( 11,392) Total present value of lease liability $ 100,469 |
DERIVATIVE INSTRUMENTS AND HE_2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Notional Amounts of All Derivative Instruments [Table Text Block] | The following table summarizes the notional amounts of all derivative instruments as of the indicated dates: Notional Amounts (1) As of As of June 30, December 31, 2021 2020 (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements $ 14,228 $ 15,864 Written interest rate cap agreements 14,500 14,500 Purchased interest rate cap agreements 14,500 14,500 Interest rate lock commitments 14,811 19,931 Forward Contracts: Sale of TBA GNMA MBS pools 30,000 42,000 Forward loan sales commitments 10,046 19,998 $ 98,085 $ 126,793 (1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions. |
Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition [Table Text Block] | The following table summarizes for derivative instruments their fair values and location in the consolidated statements of financial condition as of the indicated dates: Asset Derivatives Liability Derivatives Statement of June 30, December 31, June 30, December 31, Financial 2021 2020 2021 2020 Condition Location Fair Value Fair Value Statement of Financial Condition Location Fair Value Fair Value (In thousands) Undesignated economic hedges: Interest rate contracts: Interest rate swap agreements Other assets $ 1,312 $ 1,622 Accounts payable and other liabilities $ 1,311 $ 1,639 Written interest rate cap agreements Other assets - - Accounts payable and other liabilities 5 1 Purchased interest rate cap agreements Other assets 5 1 Accounts payable and other liabilities - - Interest rate lock commitments Other assets 493 737 Accounts payable and other liabilities - - Forward Contracts: Sales of TBA GNMA MBS pools Other assets - 102 Accounts payable and other liabilities 110 280 Forward loan sales commitments Other assets 20 20 Accounts payable and other liabilities - - $ 1,830 $ 2,482 $ 1,426 $ 1,920 |
Effect of Derivative Instruments on Statement of Income (Loss) [Table Text Block] | The following table summarizes the effect of derivative instruments on the consolidated statements of income for the indicated periods: Gain or (Loss) Gain or (Loss) Location of Unrealized (Loss) Gain Quarter Ended Six-Month Period Ended on Derivative Recognized in June 30, June 30, Statement of Income 2021 2020 2021 2020 (In thousands) UNDESIGNATED ECONOMIC HEDGES: Interest rate contracts: Interest rate swap agreements Interest income - Loans $ ( 7) $ - $ 18 $ - Interest rate lock commitments Mortgage Banking Activities ( 220) 747 ( 464) 656 Forward contracts: Sales of TBA GNMA MBS pools Mortgage Banking Activities ( 270) 669 82 4 Total (loss) gain on derivatives $ ( 497) $ 1,416 $ ( 364) $ 660 |
OFFSETTING OF ASSETS AND LIAB_2
OFFSETTING OF ASSETS AND LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Offsetting [Abstract] | |
Offsetting Assets [Table Text Block] | Offsetting of Financial Assets and Derivative Assets As of June 30, 2021 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 5 $ - $ 5 $ - $ ( 5) $ - As of December 31, 2020 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 89 $ - $ 89 $ - $ ( 89) $ - |
Offsetting Liabilities [Table Text Block] | Offsetting of Financial Liabilities and Derivative Liabilities As of June 30, 2021 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 1,421 $ - $ 1,421 $ ( 200) $ ( 1,221) $ - Securities sold under agreements to repurchase 300,000 - 300,000 ( 300,000) - - Total $ 301,421 $ - $ 301,421 $ ( 300,200) $ ( 1,221) $ - As of December 31, 2020 Gross Amounts Not Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Financial Instruments Cash Collateral Net Amount (In thousands) Description Derivatives $ 1,919 $ - $ 1,919 $ ( 1,919) $ - $ - Securities sold under agreements to repurchase 300,000 - 300,000 ( 300,000) - - Total $ 301,919 $ - $ 301,919 $ ( 301,919) $ - $ - |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill [Table Text Block] | Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking United States Operations Total (In thousands) Goodwill, January 1, 2020 $ - $ - $ - $ 28,098 $ 28,098 Merger and acquisitions 574 794 4,935 - 6,303 Adjustments 385 533 3,313 - 4,231 Goodwill, December 31, 2020 $ 959 $ 1,327 $ 8,248 $ 28,098 $ 38,632 Adjustments 53 74 ( 148) - ( 21) Goodwill, June 30, 2021 $ 1,012 $ 1,401 $ 8,100 $ 28,098 $ 38,611 |
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block] | The following table shows the gross amount and accumulated amortization of the Corporation’s intangible assets as of the indicated dates: As of As of June 30, December 31, 2021 2020 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,096 Accumulated amortization (1) ( 55,128) ( 51,254) Net carrying amount $ 32,416 $ 35,842 Remaining amortization period (in years) 8.5 9.0 Purchased credit card relationship intangible: Gross amount $ 28,265 $ 28,265 Accumulated amortization (2) ( 25,410) ( 23,532) Net carrying amount $ 2,855 $ 4,733 Remaining amortization period (in years) 2.2 2.7 Insurance customer relationship intangible: Gross amount $ 1,067 $ 1,067 Accumulated amortization (3) ( 826) ( 749) Net carrying amount $ 241 $ 318 Remaining amortization period (in years) 1.6 2.1 (1) For the quarter and six-month period ended June 30, 2021, the amortization expense of core deposit intangibles amounted to $ 1.9 million and $ 3.9 million, respectively (2020 - $ 0.2 million and $ 0.4 million, respectively). (2) For the quarter and six-month period ended June 30, 2021, the amortization expense of the purchased credit card relationship intangible asset amounted asset to $ 0.9 million and $ 1.9 million, respectively (2020 - $ 0.5 million and $ 0.9 million, respectively). (3) For the quarter and six-month period ended June 30, 2021, the amortization expense of the insurance customer relationship intangible asset amounted to $ 38 thousand and $ 76 thousand, respectively (2020 - $ 38 thousand and $ 76 thousand, respectively). |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The estimated aggregate annual amortization expense related to the intangible assets for future periods is as follows as of June 30, 2021: Amount (In thousands) 2021 $ 5,577 2022 8,816 2023 7,736 2024 6,416 2025 3,509 2026 and after 3,458 |
NON-CONSOLIDATED VARIABLE INT_2
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Transfers and Servicing [Abstract] | |
Changes in Servicing Assets [Table Text Block] | The changes in MSRs are shown below for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, (In thousands) 2021 2020 2021 2020 Balance at beginning of period $ 32,710 $ 26,484 $ 33,071 $ 26,762 Capitalization of servicing assets 1,550 666 2,900 1,570 Amortization ( 1,920) ( 1,205) ( 3,557) ( 2,214) Temporary impairment recoveries (charges), net 30 95 37 ( 43) Other (1) ( 35) - ( 116) ( 35) Balance at end of period $ 32,335 $ 26,040 $ 32,335 $ 26,040 (1) Amount represents adjustments related to the repurchase of loans serviced for others |
Changes in Impairment Allowance [Table Text Block] | Changes in the impairment allowance were as follows for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Balance at beginning of period $ 195 $ 134 $ 202 $ 73 Temporary impairment charges - - - 138 OTTI of servicing assets - - - ( 77) Recoveries ( 30) ( 95) ( 37) ( 95) Balance at end of period $ 165 $ 39 $ 165 $ 39 |
Components of Net Servicing Income [Table Text Block] | The components of net servicing income, included as part of mortgage banking activities in the consolidated statements of income, are shown below for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Servicing fees $ 3,018 $ 1,869 $ 5,933 $ 4,003 Late charges and prepayment penalties 217 108 456 258 Adjustment for loans repurchased ( 35) - ( 116) ( 35) Servicing income, gross 3,200 1,977 6,273 4,226 Amortization and impairment of servicing assets ( 1,890) ( 1,110) ( 3,520) ( 2,257) Servicing income, net $ 1,310 $ 867 $ 2,753 $ 1,969 |
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block] | The Corporation’s MSRs are subject to prepayment and interest rate risks. Key economic assumptions used in determining the fair value at the time of sale of the related mortgages ranged as follows for the indicated periods: Maximum Minimum Six-Month Period Ended June 30, 2021: Constant prepayment rate: Government-guaranteed mortgage loans 6.3 % 6.3 % Conventional conforming mortgage loans 6.8 % 6.6 % Conventional non-conforming mortgage loans 8.6 % 8.3 % Discount rate: Government-guaranteed mortgage loans 12.0 % 12.0 % Conventional conforming mortgage loans 10.0 % 10.0 % Conventional non-conforming mortgage loans 13.7 % 13.6 % Six-Month Period Ended June 30, 2020: Constant prepayment rate: Government-guaranteed mortgage loans 6.3 % 6.2 % Conventional conforming mortgage loans 7.0 % 6.9 % Conventional non-conforming mortgage loans 9.2 % 8.7 % Discount rate: Government-guaranteed mortgage loans 12.0 % 12.0 % Conventional conforming mortgage loans 10.0 % 10.0 % Conventional non-conforming mortgage loans 14.3 % 14.1 % |
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block] | The weighted-averages of the key economic assumptions that the Corporation used in its valuation model and the sensitivity of the current fair value to immediate 10% and 20% adverse changes in those assumptions for mortgage loans as of June 30, 2021 and December 31, 2020 were as follows: June 30, December 31, (Dollars in thousands) 2021 2020 Carrying amount of servicing assets $ 32,335 $ 33,071 Fair value $ 41,244 $ 40,294 Weighted-average expected life (in years) 8.01 7.86 Constant prepayment rate (weighted-average annual rate) 6.51 % 6.73 % Decrease in fair value due to 10% adverse change $ 1,005 $ 1,006 Decrease in fair value due to 20% adverse change $ 1,968 $ 1,970 Discount rate (weighted-average annual rate) 11.18 % 11.20 % Decrease in fair value due to 10% adverse change $ 1,819 $ 1,772 Decrease in fair value due to 20% adverse change $ 3,498 $ 3,409 |
DEPOSITS (Tables)
DEPOSITS (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Deposits [Abstract] | |
Summary of Deposit Balances [Table Text Block] | The following table summarizes deposit balances as of the indicated dates: June 30, December 31, 2021 2020 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 6,258,463 $ 4,546,123 Interest-bearing saving accounts 5,056,071 4,088,969 Interest-bearing checking accounts 4,023,098 3,651,806 Certificates of deposit ("CDs") 2,594,703 2,814,313 Brokered CDs 137,656 216,172 Total $ 18,069,991 $ 15,317,383 |
Brokered Certificates Of Deposit Mature [Table Text Block] | Brokered CDs mature as follows: June 30, 2021 (In thousands) Three months or less $ 29,132 Over three months to six months 8,184 Over six months to one year 26,335 Over one year to three years 53,313 Over three years to five years 20,692 Total $ 137,656 |
Components of Interest Expense on Deposits [Table Text Block] | The following were the components of interest expense on deposits for the indicated periods: Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Interest expense on deposits $ 11,117 $ 16,845 $ 23,842 $ 36,342 Accretion of premiums from acquisitions ( 390) - ( 846) ( 1) Amortization of broker placement fees 55 152 128 310 Total interest expense on deposits $ 10,782 $ 16,997 $ 23,124 $ 36,651 |
SECURITIES SOLD UNDER AGREEME_2
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disclosure of Repurchase Agreements [Abstract] | |
Securities Sold Under Agreements to Repurchase [Table text Block] | Securities sold under agreements to repurchase (repurchase agreements) as of the dates indicated consisted of the following: June 30, 2021 December 31, 2020 (In thousands) Long-term repurchase agreements (1) $ 300,000 $ 300,000 (1) Weighted-average interest rate of 3.35% and 1.77% as of June 30, 2021 and December 31, 2020, respectively. During the first quarter of 2021, the interest rate related to securities sold under agreements to repurchase totaling $ 200 million changed from a variable rate (3-month LIBOR plus 130 to 132 basis points) to a fixed rate of 3.90% after the end of a prespecified lockout period. As of June 30, 2021, all of the outstanding securities sold under agreements to repurchase are tied to fixed interest rates. Repurchase agreements mature as follows as of the indicated date: June 30, 2021 (In thousands) Six months to one year $ 100,000 Over three years to five years 200,000 Total $ 300,000 (Dollars in thousands) Weighted-Average Counterparty Amount Maturity (In months) JP Morgan Chase $ 100,000 7 Credit Suisse First Boston 200,000 43 $ 300,000 |
ADVANCES FROM THE FEDERAL HOM_2
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Advances from Federal Home Loan Banks [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, December 31, (In thousands) 2021 2020 Long-term Fixed-rate advances from FHLB (1) $ 320,000 $ 440,000 (1) Weighted-average interest rate of 2.34% and 2.26% as of June 30, 2021 and December 31, 2020, respectively. Advances from FHLB mature as follows as of the indicated date: June 30, 2021 (In thousands) Over three to six months $ 120,000 Over one year to three years 200,000 Total $ 320,000 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Subordinated Borrowings [Abstract] | |
Components of Other Borrowings [Table Text Block] | Other borrowings, as of the indicated dates, consisted of: June 30, December 31, 2021 2020 (In thousands) Floating rate junior subordinated debentures (FBP Statutory Trust I) (1) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust II) (2) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75% over 3-month LIBOR ( 2.87% as of June 30, 2021 and 2.98% as of December 31, 2020). (2) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50% over 3-month LIBOR ( 2.63% as of June 30, 2021 and 2.74% as of December 31, 2020). |
STOCKHOLDERS' EQUITY (Tables)
STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Stockholders' Equity Note [Abstract] | |
Schedule Of Repurchases Shares [Table Text Block] | The following table shows the activity of open market and privately negotiated repurchases of shares during the second quarter of 2021: Number of Shares Average Repurchase Price Per Share Amount (In thousands) 2021: Second quarter 7,962,647 (1) $ 12.56 $ 100,000 (1) Includes 4,462,647 shares of common stock repurchased in the open market at an average price of $ 12.62 for a total purchase price of approximately $ 56.3 million, and 3,500,000 shares of common stock repurchased through privately negotiated transactions at an average price of $ 12.48 for a total purchase price of approximately $ 43.7 million. |
OTHER COMPREHENSIVE (LOSS) IN_2
OTHER COMPREHENSIVE (LOSS) INCOME (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Statement of Other Comprehensive Income [Abstract] | |
Schedule of Accumulated Other Comprehensive Income [Table Text Block] | The following table presents changes in accumulated other comprehensive (loss) income for the quarters and six-month periods ended June 30, 2021 and 2020: Changes in Accumulated Other Comprehensive (Loss) Income by Component (1) Quarter Ended Six-Month Period Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 (In thousands) Unrealized net holding (losses) gains on debt securities: Beginning balance $ ( 43,204) $ 49,116 $ 55,725 $ 6,764 Other comprehensive income (loss) 28,496 4,154 ( 70,433) 46,506 Ending balance $ ( 14,708) $ 53,270 $ ( 14,708) $ 53,270 Adjustment of pension and postretirement benefit plans: Beginning balance $ ( 270) $ - $ ( 270) $ - Other comprehensive income (loss) - - - - Ending balance $ ( 270) $ - $ ( 270) $ - (1) All amounts presented are net of tax. |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income during the quarters and six-month periods ended June 30, 2021 and 2020: Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Quarter Ended Six-Month Period Ended June 30, June 30, Affected Line Item in the Consolidated Statements of Income 2021 2020 2021 2020 (In thousands) Unrealized net holding gains (losses) on debt securities: Realized gain on sale of debt securities Net gain (loss) on sales of investment securities $ - $ 155 $ - $ ( 8,092) Provision for credit losses - Provision for credit losses - expense (benefit) expense (benefit) - 1,263 ( 127) 1,631 Total before tax - 1,418 ( 127) ( 6,461) Income tax expense (benefit) - - - - Total, net of tax $ - $ 1,418 $ ( 127) $ ( 6,461) |
EMPLOYEE BENEFIT PLANS (Tables)
EMPLOYEE BENEFIT PLANS (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Employees' Benefit Plan [Abstract] | |
Schedule of Net Benefit Costs [Table Text Block] | The following table presents the components of net periodic benefit (income) loss for the Pension Plans and Postretirement Benefit Plan for the indicated periods: Quarter Ended June 30, 2021 Six-Month Period Ended June 30, 2021 Location Pension Plans Postretirement Benefit Plan Pension Plans Postretirement Benefit Plan (In thousands) Net periodic benefit (income) loss: Interest cost Other expenses $ 618 $ 2 $ 1,236 $ 4 Estimated return on plan assets Other expenses ( 1,131) - ( 2,262) - Net periodic benefit (income) loss $ ( 513) $ 2 $ ( 1,026) $ 4 |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value Disclosures [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 June 30, 2021 and December 31, 2020: As of June 30, 2021 As of December 31, 2020 Fair Value Measurements Using Fair Value Measurements Using (In thousands) Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets/Liabilities at Fair Value Assets: Securities available for sale: U.S. Treasury securities $ 7,461 $ - $ - $ 7,461 $ 7,507 $ - $ - $ 7,507 Noncallable U.S. agency debt securities - 299,681 - 299,681 - 173,371 - 173,371 Callable U.S. agencies debt securities and MBS - 6,083,635 - 6,083,635 - 4,454,164 - 4,454,164 Puerto Rico government obligations - - 2,928 2,928 - - 2,899 2,899 Private label MBS - - 7,903 7,903 - - 8,428 8,428 Other investments - - 650 650 - - 650 650 Equity securities 5,473 - - 5,473 1,474 - - 1,474 Derivatives, included in assets: Interest rate swap agreements - 1,312 - 1,312 - 1,622 - 1,622 Purchased interest rate cap agreements - 5 - 5 - 1 - 1 Interest rate lock commitments - 493 - 493 - 737 - 737 Forward contracts - - - - - 102 - 102 Forward loan sales commitments - 20 - 20 - 20 - 20 Liabilities: Derivatives, included in liabilities: Interest rate swap agreements - 1,311 - 1,311 - 1,639 - 1,639 Written interest rate cap agreements - 5 - 5 - 1 - 1 Forward contracts - 110 - 110 - 280 - 280 |
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The table below presents a reconciliation of the beginning and ending balances of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and six-month periods ended June 30, 2021 and 2020: Quarter Ended June 30, 2021 2020 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 11,776 $ 13,769 Total gains (losses) (realized/unrealized): Included in other comprehensive income 384 726 Included in earnings - ( 1,263) Principal repayments and amortization ( 679) ( 589) Ending balance $ 11,481 $ 12,643 (1) Amounts mostly related to private label MBS. Six-Month Period Ended June 30, 2021 2020 Level 3 Instruments Only Securities Securities (In thousands) Available For Sale (1) Available For Sale (1) Beginning balance $ 11,977 $ 14,590 Total gains (losses) (realized/unrealized): Included in other comprehensive income 705 966 Included in earnings 127 ( 1,631) Principal repayments and amortization ( 1,328) ( 1,282) Ending balance $ 11,481 $ 12,643 (1) Amounts mostly related to private label MBS. |
Schedule Of Changes In Unrealized Gains Losses [Table Text Block] | The table below summarizes changes in unrealized gains and losses recorded in earnings for the quarters and six-month periods ended June 30, 2021 and 2020 for Level 3 assets and liabilities that were still held at the end of each period: Changes in Unrealized Losses Quarter Ended June 30, Six-Month Period Ended June 30, 2021 2020 2021 2020 Level 3 Instruments Only Securities Available for Sale Securities Available for Sale Securities Available for Sale Securities Available for Sale (In thousands) Changes in unrealized losses relating to assets still held at reporting date: Provision for credit losses - benefit (expense) $ - $ ( 1,263) $ 127 $ ( 1,631) |
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block] | As of June 30, 2021, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis as shown in the following table: Carrying value as of June 30, 2021 Losses recorded for the Quarter Ended June 30, 2021 Losses recorded for the Six-Month Period Ended June 30, 2021 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 237,393 $ ( 149) $ ( 1,822) OREO (2) - - 66,586 ( 225) ( 374) Loans held for sale (3) - - 4,004 - ( 116) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. (3) Commercial loan participation transferred to held for sale in the first quarter of 2021 and still in inventory at the end of the period. The value of this loan was primarily derived from offers of market participants that the Corporation considered. As of June 30, 2020, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis as shown in the following table: Losses recorded Losses recorded for the Quarter Ended for the Six-Month Period Ended Carrying value as of June 30, 2020 June 30, 2020 June 30, 2020 Level 1 Level 2 Level 3 (In thousands) Loans receivable (1) $ - $ - $ 244,938 $ ( 3,097) $ ( 5,669) OREO (2) - - 96,319 ( 375) ( 1,020) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. |
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block] | The following tables present the carrying value, estimated fair value and estimated fair value level of the hierarchy of financial instruments as of June 30, 2021 and December 31, 2020: Total Carrying Amount in Statement of Financial Condition as of June 30, 2021 Fair Value Estimate as of June 30, 2021 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 2,788,769 $ 2,788,769 $ 2,788,769 $ - $ - Investment securities available for sale (fair value) 6,402,258 6,402,258 7,461 6,383,316 11,481 Investment securities held to maturity (amortized cost) 190,012 Less: allowance for credit losses on held to held to maturity securities (10,685) Investment securities held to maturity, net of allowance $ 179,327 187,645 - - 187,645 Equity Securities (fair value) 37,722 37,722 5,473 32,249 - Loans held for sale (lower of cost or market) 32,699 33,517 - 29,513 4,004 Loans, held for investment (amortized cost) 11,387,594 Less: allowance for credit losses for loans and finance leases ( 324,958) Loans held for investment, net of allowance $ 11,062,636 11,167,655 - - 11,167,655 Derivatives, included in assets (fair value) 1,830 1,830 - 1,830 - Liabilities: Deposits (amortized cost) $ 18,069,991 $ 18,107,570 $ - $ 18,107,570 $ - Securities sold under agreements to repurchase (amortized cost) 300,000 326,127 - 326,127 - Advances from FHLB (amortized cost) 320,000 326,280 - 326,280 - Other borrowings (amortized cost) 183,762 148,695 - - 148,695 Derivatives, included in liabilities (fair value) 1,426 1,426 - 1,426 - Total Carrying Amount in Statement of Financial Condition as of December 31, 2020 Fair Value Estimate as of December 31, 2020 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 1,493,833 $ 1,493,833 $ 1,493,833 $ - $ - Investment securities available for sale (fair value) 4,647,019 4,647,019 7,507 4,627,535 11,977 Investment securities held to maturity (amortized cost) 189,488 Less: allowance for credit losses on held to maturity securities ( 8,845) Investment securities held to maturity, net of allowance 180,643 173,806 - - 173,806 Equity securities (fair value) 37,588 37,588 1,474 36,114 - Loans held for sale (lower of cost or market) 50,289 52,322 - 52,322 - Loans, held for investment (amortized cost) 11,777,289 Less: allowance for credit losses for loans and finance leases ( 385,887) Loans held for investment, net of allowance $ 11,391,402 11,564,635 - - 11,564,635 Derivatives, included in assets (fair value) 2,842 2,842 - 2,842 - Liabilities: Deposits (amortized cost) $ 15,317,383 $ 15,363,236 $ - $ 15,363,236 $ - Securities sold under agreements to repurchase (amortized cost) 300,000 329,493 - 329,493 - Advances from FHLB (amortized cost) 440,000 446,703 - 446,703 - Other borrowings (amortized cost) 183,762 151,645 - - 151,645 Derivatives, included in liabilities (fair value) 1,920 1,920 - 1,920 - |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Qualitative information regarding the fair value measurements for Level 3 financial instruments as of June 30, 2021 are as follows: June 30, 2021 Method Inputs Loans Income, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors OREO Income, Market, Comparable Sales, Discounted Cash Flows External appraised values; probability weighting of broker price opinions; management assumptions regarding market trends or other relevant factors |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | The tables below present qualitative information for significant assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2021 and December 31, 2020: June 30, 2021 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 7,903 Discounted cash flows Discount rate 12.7% 12.7% 12.7% Prepayment rate 2.0% 22.0% 15.0% Projected cumulative loss rate 0.2% 17.3% 7.3% Puerto Rico government obligations 2,928 Discounted cash flows Discount rate 6.7 6.7 6.7 Projected cumulative loss rate 10.7% 10.7% 10.7% December 31, 2020 Fair Value Valuation Technique Unobservable Input Range Weighted Average (Dollars in thousands) Minimum Maximum Investment securities available-for-sale: Private label MBS $ 8,428 Discounted cash flows Discount rate 12.2% 12.2% 12.2% Prepayment rate 1.2% 18.8% 12.1% Projected cumulative loss rate 2.6% 22.3% 10.2% Puerto Rico government obligations 2,899 Discounted cash flows Discount rate 7.9% 7.9% 7.9% Projected cumulative loss rate 12.4% 12.4% 12.4% |
REVENUE FROM CONTRACTS WITH C_2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation Of Revenue Table [TextBlock] | The following table summarizes the Corporation’s revenue, which includes net interest income on financial instruments and non-interest income, disaggregated by type of service and business segment for the quarters and six-month periods ended June 30, 2021 and 2020: (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Quarter Ended June 30, 2021: Net interest income (1) $ 26,331 $ 64,751 $ 51,498 $ 19,039 $ 16,406 $ 6,758 $ 184,783 Service charges and fees on deposit accounts - 4,966 2,987 - 135 700 8,788 Insurance commissions - 1,987 - - 28 200 2,215 Merchant-related income - 1,910 257 - 12 283 2,462 Credit and debit card fees - 6,621 21 - 11 404 7,057 Other service charges and fees 177 846 693 - 431 147 2,294 Not in scope of ASC Topic 606 (1) 5,960 396 181 85 451 ( 5) 7,068 Total non-interest income 6,137 16,726 4,139 85 1,068 1,729 29,884 Total Revenue $ 32,468 $ 81,477 $ 55,637 $ 19,124 $ 17,474 $ 8,487 $ 214,667 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Quarter Ended June 30, 2020: Net interest income (1) $ 17,453 $ 53,542 $ 27,247 $ 17,097 $ 13,236 $ 6,635 $ 135,210 Service charges and fees on deposit accounts - 2,272 1,441 - 123 638 4,474 Insurance commissions - 1,180 - - 15 186 1,381 Merchant-related income - 844 - - - 145 989 Credit and debit card fees - 3,385 12 - 4 304 3,705 Other service charges and fees 92 419 479 89 411 1,104 2,594 Not in scope of ASC Topic 606 (1) (2) 4,355 2,491 892 ( 97) 92 16 7,749 Total non-interest income 4,447 10,591 2,824 ( 8) 645 2,393 20,892 Total Revenue $ 21,900 $ 64,133 $ 30,071 $ 17,089 $ 13,881 $ 9,028 $ 156,102 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2021: Net interest income (1) $ 51,571 $ 123,234 $ 100,479 $ 40,622 $ 31,429 $ 13,713 $ 361,048 Service charges and fees on deposit accounts - 9,442 5,958 - 284 1,408 17,092 Insurance commissions - 6,954 - - 57 445 7,456 Merchant-related income - 2,832 513 - 25 487 3,857 Credit and debit card fees - 12,266 40 - 14 774 13,094 Other service charges and fees 350 1,711 1,212 - 889 288 4,450 Not in scope of ASC Topic 606 (1) 12,903 764 313 141 774 ( 4) 14,891 Total non-interest income 13,253 33,969 8,036 141 2,043 3,398 60,840 Total Revenue $ 64,824 $ 157,203 $ 108,515 $ 40,763 $ 33,472 $ 17,111 $ 421,888 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2020: Net interest income (1) $ 34,511 $ 111,286 $ 50,828 $ 36,972 $ 27,021 $ 13,241 $ 273,859 Service charges and fees on deposit accounts - 5,755 3,005 - 291 1,380 10,431 Insurance commissions - 5,556 - - 19 388 5,963 Merchant-related income - 1,594 - - - 294 1,888 Credit and debit card fees - 7,602 29 - 14 726 8,371 Other service charges and fees 166 1,036 891 89 829 1,251 4,262 Not in scope of ASC Topic 606 (1) (2) 7,921 2,776 910 8,231 323 16 20,177 Total non-interest income 8,087 24,319 4,835 8,320 1,476 4,055 51,092 Total Revenue $ 42,598 $ 135,605 $ 55,663 $ 45,292 $ 28,497 $ 17,296 $ 324,951 (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. (2) For the quarter and six-month period ended June 30, 2020, includes a $ 5.0 million benefit resulting from the final settlement of the Corporation’s business interruption insurance claim related to lost profits caused by Hurricanes Irma and Maria in 2017. This insurance recovery is presented as part of Other non-interest income in the consolidated statements of income. Quarter Ended Six-Month Period Ended June 30, June 30, (In thousands) 2021 2020 2021 2020 Beginning Balance $ 2,070 $ 2,395 $ 2,151 $ 2,476 Less: Amortizations ( 81) ( 81) ( 162) ( 162) Ending balance $ 1,989 $ 2,314 $ 1,989 $ 2,314 |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information [Table Text Block] | Supplemental cash flow information is as follows for the indicated periods: Six-Month Period Ended June 30, 2021 2020 (In thousands) Cash paid for: Interest on borrowings $ 36,936 $ 50,316 Income tax 8,968 10,597 Operating cash flow from operating leases 9,817 5,119 Non-cash investing and financing activities: Additions to OREO 8,647 5,524 Additions to auto and other repossessed assets 18,155 16,282 Capitalization of servicing assets 2,900 1,570 Loan securitizations 106,833 84,876 Loans held for investment transferred to held for sale 31,383 3,535 ROU assets obtained in exchange for operating lease liabilities 2,610 274 Unsettled purchases of available-for-sale investment securities 50,026 - Unsettled common stock shares repurchases 772 - |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting [Abstract] | |
Information about the Reportable Segments [Table Text Block] | The following table presents information about the reportable segments for the indicated periods: (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total For the Quarter Ended June 30, 2021: Interest income $ 36,945 $ 66,237 $ 53,833 $ 16,708 $ 20,651 $ 7,085 $ 201,459 Net (charge) credit for transfer of funds ( 10,614) 5,901 ( 2,335) 8,191 ( 1,143) - - Interest expense - ( 7,387) - ( 5,860) ( 3,102) ( 327) ( 16,676) Net interest income 26,331 64,751 51,498 19,039 16,406 6,758 184,783 Provision for credit losses - expense (benefit) 1,030 791 ( 27,752) - 860 ( 1,084) ( 26,155) Non-interest income 6,137 16,726 4,139 85 1,068 1,729 29,884 Direct non-interest expenses 7,525 43,255 8,298 1,127 9,103 7,301 76,609 Segment income $ 23,913 $ 37,431 $ 75,091 $ 17,997 $ 7,511 $ 2,270 $ 164,213 Average earnings assets $ 2,563,768 $ 2,491,583 $ 3,888,725 $ 7,588,530 $ 2,103,002 $ 438,928 $ 19,074,536 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total For the Quarter Ended June 30, 2020: Interest income $ 28,260 $ 56,595 $ 32,018 $ 12,993 $ 21,172 $ 7,578 $ 158,616 Net (charge) credit for transfer of funds ( 10,807) 5,941 ( 4,771) 10,978 ( 1,341) - - Interest expense - ( 8,994) - ( 6,874) ( 6,595) ( 943) ( 23,406) Net interest income 17,453 53,542 27,247 17,097 13,236 6,635 135,210 Provision for credit losses expense 2,676 11,697 13,530 1,263 7,701 2,147 39,014 Non-interest income (loss) 4,447 10,591 2,824 ( 8) 645 2,393 20,892 Direct non-interest expenses 6,489 28,148 6,390 653 7,843 7,304 56,827 Segment income (loss) $ 12,735 $ 24,288 $ 10,151 $ 15,173 $ ( 1,663) $ ( 423) $ 60,261 Average earnings assets $ 1,971,171 $ 2,094,266 $ 2,565,899 $ 3,475,392 $ 2,070,069 $ 459,140 $ 12,635,937 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2021 Interest income $ 74,005 $ 131,970 $ 105,291 $ 29,470 $ 40,983 $ 14,382 $ 396,101 Net (charge) credit for transfer of funds ( 22,434) 6,956 ( 4,812) 23,125 ( 2,835) - - Interest expense - ( 15,692) - ( 11,973) ( 6,719) ( 669) ( 35,053) Net interest income 51,571 123,234 100,479 40,622 31,429 13,713 361,048 Provision for credit losses - expense (benefit) 244 4,753 ( 44,931) ( 127) 623 ( 1,969) ( 41,407) Non-interest income 13,253 33,969 8,036 141 2,043 3,398 60,840 Direct non-interest expenses 15,522 84,346 19,836 2,361 17,397 14,706 154,168 Segment income $ 49,058 $ 68,104 $ 133,610 $ 38,529 $ 15,452 $ 4,374 $ 309,127 Average earnings assets $ 2,611,065 $ 2,467,015 $ 3,957,859 $ 6,921,007 $ 2,090,898 $ 444,201 $ 18,492,045 (In thousands) Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total Six-Month Period Ended June 30, 2020 Interest income $ 57,060 $ 114,691 $ 64,654 $ 29,059 $ 43,327 $ 15,089 $ 323,880 Net (charge) credit for transfer of funds ( 22,549) 15,971 ( 13,826) 22,469 ( 2,065) - - Interest expense - ( 19,376) - ( 14,556) ( 14,241) ( 1,848) ( 50,021) Net interest income 34,511 111,286 50,828 36,972 27,021 13,241 273,859 Provision for credit losses - expense 17,877 43,850 32,705 2,765 14,265 4,918 116,380 Non-interest income 8,087 24,319 4,835 8,320 1,476 4,055 51,092 Direct non-interest expenses 14,988 57,624 13,437 1,416 16,834 14,739 119,038 Segment income (loss) $ 9,733 $ 34,131 $ 9,521 $ 41,111 $ ( 2,602) $ ( 2,361) $ 89,533 Average earnings assets $ 1,992,039 $ 2,112,884 $ 2,492,983 $ 3,170,840 $ 2,007,227 $ 457,135 $ 12,233,108 |
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 Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 Net income : Total income for segments $ 164,213 $ 60,261 $ 309,127 $ 89,533 Other operating expenses (1) 53,563 32,959 109,305 62,932 Income before income taxes 110,650 27,302 199,822 26,601 Income tax expense 40,092 6,046 68,114 3,079 Total consolidated net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Average assets: Total average earning assets for segments $ 19,074,536 $ 12,635,937 $ 18,492,045 $ 12,233,108 Average non-earning assets 1,109,941 950,071 1,146,337 936,610 Total consolidated average assets $ 20,184,477 $ 13,586,008 $ 19,638,382 $ 13,169,718 (1) Expenses pertaining to corporate administrative functions that support the operating segment, but are not specifically attributable to or managed by any segment, are not included in the reported financial results of the operating segments. The unallocated corporate expenses include certain general and administrative expenses and related depreciation and amortization expenses. |
REGULATORY MATTERS, COMMITMEN_2
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Commitments And Contingencies Disclosure [Abstract] | |
Schedule Of Compliance With Regulatory Capital Requirements Under Banking Regulations [Text Block] | The regulatory capital positions of the Corporation and FirstBank as of June 30, 2021 and December 31, 2020, which reflects the delay in the effect of CECL on regulatory capital, were as follows: Regulatory Requirements Actual For Capital Adequacy Purposes To be Well-Capitalized- Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2021 Total Capital (to Risk-Weighted Assets) First BanCorp. $ 2,439,829 20.38 % $ 957,524 8.00 % N/A N/A FirstBank $ 2,382,283 19.91 % $ 957,305 8.00 % $ 1,196,631 10.00 % CET1 Capital (to Risk-Weighted Assets) First BanCorp. $ 2,075,393 17.34 % $ 538,607 4.50 % N/A N/A FirstBank $ 2,024,235 16.92 % $ 538,484 4.50 % $ 777,810 6.50 % Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 2,111,497 17.64 % $ 718,143 6.00 % N/A N/A FirstBank $ 2,232,235 18.65 % $ 717,978 6.00 % $ 957,305 8.00 % Leverage ratio First BanCorp. $ 2,111,497 10.51 % $ 803,399 4.00 % N/A N/A FirstBank $ 2,232,235 11.12 % $ 803,089 4.00 % $ 1,003,862 5.00 % As of December 31, 2020 Total Capital (to Risk-Weighted Assets) First BanCorp. $ 2,416,682 20.37 % $ 948,890 8.00 % N/A N/A FirstBank $ 2,360,493 19.91 % $ 948,624 8.00 % $ 1,185,780 10.00 % CET1 Capital (to Risk-Weighted Assets) First BanCorp. $ 2,053,045 17.31 % $ 533,751 4.50 % N/A N/A FirstBank $ 1,903,251 16.05 % $ 533,601 4.50 % $ 770,757 6.50 % Tier I Capital (to Risk-Weighted Assets) First BanCorp. $ 2,089,149 17.61 % $ 711,667 6.00 % N/A N/A FirstBank $ 2,211,251 18.65 % $ 711,468 6.00 % $ 948,624 8.00 % Leverage ratio First BanCorp. $ 2,089,149 11.26 % $ 742,352 4.00 % N/A N/A FirstBank $ 2,211,251 11.92 % $ 741,841 4.00 % $ 927,301 5.00 % |
FIRST BANCORP. (Holding Compa_2
FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Statements of Financial Condition [Table Text Block] | The following condensed financial information presents the financial position of First BanCorp. at the holding company level only as of June 30, 2021 and December 31, 2020, and the results of its operations for the quarters and six-month periods ended June 30, 2021 and 2020. Statements of Financial Condition (Unaudited) As of June 30, As of December 31, 2021 2020 (In thousands) Assets Cash and due from banks $ 16,561 $ 10,909 Money market investments - 6,211 Other investment securities 285 285 Investment in First Bank Puerto Rico, at equity 2,325,452 2,396,963 Investment in First Bank Insurance Agency, at equity 47,052 41,313 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Other assets 1,085 2,023 Total assets $ 2,395,947 $ 2,463,216 Liabilities and Stockholdersʼ Equity Liabilities: Other borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 7,230 4,275 Total liabilities 190,992 188,037 Stockholdersʼ equity 2,204,955 2,275,179 Total liabilities and stockholdersʼ equity $ 2,395,947 $ 2,463,216 |
Statements of Income (Loss) [Table Text Block] | Statements of Income (Unaudited) Quarter Ended Six-Month Period Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Income: Interest income on money market investments $ 8 $ 15 $ 24 $ 48 Dividend income from banking subsidiaries 16,328 13,259 35,129 26,888 Other income 39 287 77 348 16,375 13,561 35,230 27,284 Expense: Other borrowings 1,285 1,641 2,579 3,673 Other operating expenses 637 535 1,136 1,058 1,922 2,176 3,715 4,731 Income before income taxes and equity in undistributed earnings of subsidiaries 14,453 11,385 31,515 22,553 Income tax provision (benefit) 659 ( 159) 1,788 1,223 Equity in undistributed earnings of subsidiaries 56,764 9,712 101,981 2,192 Net income $ 70,558 $ 21,256 $ 131,708 $ 23,522 Other comprehensive income (loss), net of tax 28,496 4,154 ( 70,433) 46,506 Comprehensive income $ 99,054 $ 25,410 $ 61,275 $ 70,028 |
BASIS OF PRESENTATION AND SIG_2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Detail) $ in Millions | 3 Months Ended | 6 Months Ended |
Jun. 30, 2021USD ($) | Jun. 30, 2021USD ($) | |
Financing Receivable, Past Due [Line Items] | ||
Loans Foreclosure Delinquency Threshold | 120 days | |
Amount classified as loss and charged-off | $ 4.1 | |
Increase Decrease In Provision For Loan And Lease Losses | $ 1.1 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 120 days | 120 days |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 120 days | 120 days |
Consumer Portfolio Segment [Member] | Small Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 120 days | 120 days |
BUSINESS COMBINATION - Estimate
BUSINESS COMBINATION - Estimated Fair Value of Net Assets Acquired (Detail) - BSPR - Fair Value Disclosure Item Amounts [Domain] $ in Thousands | Sep. 01, 2020USD ($) |
Measurment Period Adjustments [Member] | |
Business Acquisition [Line Items] | |
Total purchase price consideration (cash) | $ 3,382 |
Fair value of assets acquired: | |
Cash and cash equivalents | 0 |
Investment securities | 0 |
Loans, net | (216) |
Premises and equipment, net | 0 |
Intangibles | 448 |
Other assets | (195) |
Total assets and identifiable intangible assets acquired | 37 |
Fair value of liabilities assumed: | |
Deposits | 0 |
Other liabilities | 865 |
Total liabilities assumed | 865 |
Fair value of net assets and identifiable intangible assets | (828) |
Goodwill | 4,210 |
Measurment Period Adjustments [Member] | Residential Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | 540 |
Measurment Period Adjustments [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Fair value of assets acquired: | |
Loans, net | 122 |
Measurment Period Adjustments [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Fair value of assets acquired: | |
Loans, net | (390) |
Measurment Period Adjustments [Member] | Consumer Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | (488) |
Fair Value as Originally Recorded | |
Business Acquisition [Line Items] | |
Total purchase price consideration (cash) | 1,277,626 |
Fair value of assets acquired: | |
Cash and cash equivalents | 1,684,252 |
Investment securities | 1,167,225 |
Loans, net | 2,514,916 |
Premises and equipment, net | 12,499 |
Intangibles | 39,232 |
Other assets | 144,008 |
Total assets and identifiable intangible assets acquired | 5,562,132 |
Fair value of liabilities assumed: | |
Deposits | 4,194,940 |
Other liabilities | 95,869 |
Total liabilities assumed | 4,290,809 |
Fair value of net assets and identifiable intangible assets | 1,271,323 |
Goodwill | 6,303 |
Fair Value as Originally Recorded | Residential Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | 807,637 |
Fair Value as Originally Recorded | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Fair value of assets acquired: | |
Loans, net | 740,919 |
Fair Value as Originally Recorded | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Fair value of assets acquired: | |
Loans, net | 752,154 |
Fair Value as Originally Recorded | Consumer Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | 214,206 |
Fair Value as Remeasured | |
Business Acquisition [Line Items] | |
Total purchase price consideration (cash) | 1,281,008 |
Fair value of assets acquired: | |
Cash and cash equivalents | 1,684,252 |
Investment securities | 1,167,225 |
Loans, net | 2,514,700 |
Premises and equipment, net | 12,499 |
Intangibles | 39,680 |
Other assets | 143,813 |
Total assets and identifiable intangible assets acquired | 5,562,169 |
Fair value of liabilities assumed: | |
Deposits | 4,194,940 |
Other liabilities | 96,734 |
Total liabilities assumed | 4,291,674 |
Fair value of net assets and identifiable intangible assets | 1,270,495 |
Goodwill | 10,513 |
Fair Value as Remeasured | Residential Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | 808,177 |
Fair Value as Remeasured | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |
Fair value of assets acquired: | |
Loans, net | 741,041 |
Fair Value as Remeasured | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |
Fair value of assets acquired: | |
Loans, net | 751,764 |
Fair Value as Remeasured | Consumer Portfolio Segment [Member] | |
Fair value of assets acquired: | |
Loans, net | $ 213,718 |
BUSINESS COMBINATION - Addition
BUSINESS COMBINATION - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 01, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Jun. 30, 2021 |
Business Acquisition [Line Items] | |||||||
Merger and Restructuring costs | $ 11,047 | $ 2,902 | $ 22,314 | $ 3,747 | |||
Adjustments | (21) | $ 4,231 | |||||
Santander [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Effective Date of Acquisition | Sep. 1, 2020 | ||||||
Business Acquisition, Name of Acquired Entity | Banco Santander Puerto Rico | ||||||
Merger and Restructuring costs | $ 11,000 | $ 2,900 | $ 22,300 | $ 3,700 | $ 60,200 | ||
Adjustments | $ 4,200 |
EARNINGS PER COMMON SHARE - Cal
EARNINGS PER COMMON SHARE - Calculations of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net Income (Loss): | ||||
Net income | $ 70,558 | $ 21,256 | $ 131,708 | $ 23,522 |
Preferred stock dividends | (669) | (669) | (1,338) | (1,338) |
Net income attributable to common stockholders | $ 69,889 | $ 20,587 | $ 130,370 | $ 22,184 |
Weighted-Average Shares: | ||||
Average common shares outstanding | 213,574 | 216,920 | 215,294 | 216,853 |
Average potential dilutive common shares | 1,035 | 650 | 1,139 | 589 |
Average common shares outstanding - assuming dilution | 214,609 | 217,570 | 216,433 | 217,442 |
Earnings per common share: | ||||
Basic | $ 0.33 | $ 0.09 | $ 0.61 | $ 0.10 |
Diluted | $ 0.33 | $ 0.09 | $ 0.60 | $ 0.10 |
STOCK-BASED COMPENSATION - Omni
STOCK-BASED COMPENSATION - Omnibus Plan - Additional Information (Detail) - Omnibus Plan [Member] | Jun. 30, 2021shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Authorized granting up shares | 14,169,807 |
Authorizd shares of common stock available for issuance | 5,082,533 |
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 | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Granted shares of restricted stock | 293,621 | |||
Stock-based compensation expense | $ 0.8 | $ 0.8 | $ 1.8 | $ 1.6 |
Unrecognized compensation cost related to unvested shares | $ 4.5 | $ 4.5 | ||
Period for cost recognition not yet recognized | 1 year 9 months 18 days | |||
Independent directors [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Granted shares of restricted stock | 3,552 | |||
Restricted stock vesting period | 1 year | |||
Management [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Granted shares of restricted stock | 290,069 | 851,673 | ||
Rtirement Eligible Shares | 19,271 | 47,194 | ||
Management [Member] | Restricted stock vesting after two-year anniversary of the grant date [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Restricted stock vesting percentage | 50.00% | 50.00% | ||
Management [Member] | Restricted stock vesting after three-year anniversary of the grant date [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Restricted stock vesting percentage | 50.00% | 50.00% |
STOCK-BASED COMPENSATION - Re_2
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2021$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Beginning of year | shares | 1,320,723 |
Granted | shares | 293,621 |
Forefeited | shares | (10,460) |
Vested | shares | (363,257) |
End of period | shares | 1,240,627 |
Weighted-Average Grant Date Fair Value, beginning of period | $ / shares | $ 5.74 |
Weighted-Average Grant Date Fair Value of Stocks | $ / shares | 11.26 |
Weighted-Averages Grant Date Dair Value, Forefeitures | $ / shares | 6.10 |
Weighted-Averages Grant Date Fair Value, Vested | $ / shares | 7.98 |
Weighted-Average Grant Date Fair Value, end of period | $ / shares | $ 6.39 |
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, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Additions | 160,485 | ||||
Stock-based compensation expense | $ 0.5 | $ 0.5 | $ 1 | $ 0.8 | |
Unrecognized compensation cost related to unvested performance units | $ 3.4 | $ 3.4 | |||
Vested | 304,408 | ||||
Executive Officer [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Additions | 160,485 | 502,307 | 200,053 | ||
Requisite service period | 3 years | 3 years | |||
Performance Units Program Description | The performance units will vest based on the achievement of a pre-established tangible book value per share target as of December 31, 2023. All the performance units will vest if performance is at the pre-established performance target level or above. However, the participants may vest with respect to 50% of the awards to the extent that performance is below the target but at 80% of the pre-established performance target level (the “80% minimum threshold”), which is measured based upon the growth in the tangible book value during the performance cycle. If performance is between the 80% minimum threshold and the pre-established performance target level, the participants will vest on a proportional amount. No performance units will vest if performance is below the 80% minimum threshold. | ||||
Vested | 304,408 |
STOCK-BASED COMPENSATION - Pe_2
STOCK-BASED COMPENSATION - Performance Units Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Performance Shares [Member] | 6 Months Ended |
Jun. 30, 2021shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Beginning of year | 1,006,768 |
Additions | 160,485 |
Vested | (304,408) |
End of period | 862,845 |
STOCK-BASED COMPENSATION - Shar
STOCK-BASED COMPENSATION - Shares Withheld - Additional Information (Detail) - shares | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Omnibus Plan [Member] | Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares of common stock repurchased | 210,572 | 50,285 |
INVESTMENT SECURITIES - Investm
INVESTMENT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value | $ 6,402,258 | $ 4,647,019 |
Weighted-average yield | 1.08% | 1.28% |
Gross Unrealized loss | $ 51,550 | $ 5,517 |
Gross Unrealized gain | 44,595 | 68,995 |
Amortized cost | 6,410,379 | 4,584,851 |
Allowance for Credit Losses | 1,166 | 1,310 |
U S Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost Due within one year | 0 | 7,498 |
Gross Unrealized gains Due within one year | 0 | 9 |
Gross Unrealized losses Due within one year | 0 | 0 |
Allowance for Credit Losses Within one year | 0 | 0 |
Fair value Due within one year | $ 0 | $ 7,507 |
Weighted-average yield Due within one year | 0.00% | 1.65% |
Amortized cost After 1 to 5 years | $ 7,483 | |
Gross Unrealized gains After 1 to 5 years | 0 | |
Gross Unrealized losses After 1 to 5 years | 22 | |
Allowance for Credit Losses After 1 to 5 years | 0 | |
Fair value After 1 to 5 years | $ 7,461 | |
Weighted-average yield After 1 to 5 years | 0.22% | |
U.S. government-sponsored agencies obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 17,890 | $ 24,413 |
Gross Unrealized gains Due within one year | 83 | 273 |
Gross Unrealized losses Due within one year | 0 | 0 |
Allowance for Credit Losses Within one year | 0 | 0 |
Fair value Due within one year | $ 17,973 | $ 24,686 |
Weighted-average yield Due within one year | 1.99% | 1.95% |
Amortized cost After 1 to 5 years | $ 1,460,921 | $ 691,668 |
Gross Unrealized gains After 1 to 5 years | 571 | 911 |
Gross Unrealized losses After 1 to 5 years | 8,572 | 290 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 1,452,920 | $ 692,289 |
Weighted-average yield After 1 to 5 years | 0.59% | 0.57% |
Amortized cost After 5 to 10 years | $ 520,556 | $ 441,454 |
Gross Unrealized gains After 5 to 10 years | 383 | 821 |
Gross Unrealized losses After 5 to 10 years | 8,283 | 347 |
Fair value After 5 to 10 years | $ 512,656 | $ 441,928 |
Weighted-average yield After 5 to 10 years | 0.85% | 0.83% |
Amortized cost After 10 years | $ 18,941 | $ 21,413 |
Gross Unrealized gains After 10 years | 280 | 0 |
Gross Unrealized losses After 10 years | 0 | 149 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 19,221 | $ 21,264 |
Weighted-average yield After 10 years | 0.64% | 0.65% |
Allowance for Credit Losses After 5 to 10 years | $ 0 | $ 0 |
Puerto Rico Government obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost After 5 to 10 years | 0 | 0 |
Gross Unrealized gains After 5 to 10 years | 0 | 0 |
Gross Unrealized losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 0 | $ 0 |
Weighted-average yield After 5 to 10 years | 0.00% | 0.00% |
Amortized cost After 10 years | $ 3,772 | $ 3,987 |
Gross Unrealized gains After 10 years | 0 | 0 |
Gross Unrealized losses After 10 years | 536 | 780 |
Allowance for Credit Losses After 10 years | 308 | 308 |
Fair value After 10 years | $ 2,928 | $ 2,899 |
Weighted-average yield After 10 years | 6.99% | 6.97% |
Allowance for Credit Losses After 5 to 10 years | $ 0 | |
United States And Puerto Rico Government Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value | $ 2,013,159 | $ 1,190,573 |
Weighted-average yield | 0.68% | 0.72% |
Gross Unrealized loss | $ 17,413 | $ 1,566 |
Gross Unrealized gain | 1,317 | 2,014 |
Amortized cost | 2,029,563 | 1,190,433 |
Allowance for Credit Losses | 308 | 308 |
Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value | $ 4,388,449 | $ 3,455,796 |
Weighted-average yield | 1.27% | 1.47% |
Gross Unrealized loss | $ 34,137 | $ 3,951 |
Gross Unrealized gain | 43,278 | 66,981 |
Amortized cost | 4,380,166 | 3,393,768 |
Allowance for Credit Losses | 858 | 1,002 |
Mortgage Backed Securities [Member] | FHLMC [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | 57 | 75 |
Gross Unrealized gains After 1 to 5 years | 6 | 8 |
Gross Unrealized losses After 1 to 5 years | 0 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 63 | $ 83 |
Weighted-average yield After 1 to 5 years | 4.84% | 4.86% |
Amortized cost After 5 to 10 years | $ 71,675 | $ 60,773 |
Gross Unrealized gains After 5 to 10 years | 2,490 | 2,850 |
Gross Unrealized losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 74,165 | $ 63,623 |
Weighted-average yield After 5 to 10 years | 1.91% | 2.15% |
Amortized cost After 10 years | $ 1,423,584 | $ 1,070,984 |
Gross Unrealized gains After 10 years | 7,697 | 15,340 |
Gross Unrealized losses After 10 years | 13,147 | 159 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 1,418,134 | $ 1,086,165 |
Weighted-average yield After 10 years | 1.15% | 1.38% |
Fair value | $ 1,492,362 | $ 1,149,871 |
Weighted-average yield | 1.19% | 1.42% |
Gross Unrealized loss | $ 13,147 | $ 159 |
Gross Unrealized gain | 10,193 | 18,198 |
Amortized cost | 1,495,316 | 1,131,832 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Allowance for Credit Losses | 0 | 0 |
Mortgage Backed Securities [Member] | GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost Due within one year | 2 | 1 |
Gross Unrealized gains Due within one year | 0 | 0 |
Gross Unrealized losses Due within one year | 0 | 0 |
Allowance for Credit Losses Within one year | 0 | 0 |
Fair value Due within one year | $ 2 | $ 1 |
Weighted-average yield Due within one year | 2.42% | 1.93% |
Amortized cost After 1 to 5 years | $ 21,270 | $ 26,918 |
Gross Unrealized gains After 1 to 5 years | 882 | 1,080 |
Gross Unrealized losses After 1 to 5 years | 0 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 22,152 | $ 27,998 |
Weighted-average yield After 1 to 5 years | 2.91% | 2.91% |
Amortized cost After 5 to 10 years | $ 33,394 | $ 40,727 |
Gross Unrealized gains After 5 to 10 years | 144 | 128 |
Gross Unrealized losses After 5 to 10 years | 134 | 69 |
Fair value After 5 to 10 years | $ 33,404 | $ 40,786 |
Weighted-average yield After 5 to 10 years | 0.49% | 0.42% |
Amortized cost After 10 years | $ 434,245 | $ 614,584 |
Gross Unrealized gains After 10 years | 10,897 | 16,271 |
Gross Unrealized losses After 10 years | 1,256 | 148 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 443,886 | $ 630,707 |
Weighted-average yield After 10 years | 1.26% | 1.27% |
Fair value | $ 499,444 | $ 699,492 |
Weighted-average yield | 1.28% | 1.29% |
Gross Unrealized loss | $ 1,390 | $ 217 |
Gross Unrealized gain | 11,923 | 17,479 |
Amortized cost | 488,911 | 682,230 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Allowance for Credit Losses | 0 | 0 |
Mortgage Backed Securities [Member] | FNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | 24,790 | 24,812 |
Gross Unrealized gains After 1 to 5 years | 687 | 891 |
Gross Unrealized losses After 1 to 5 years | 0 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 25,477 | $ 25,703 |
Weighted-average yield After 1 to 5 years | 2.80% | 2.81% |
Amortized cost After 5 to 10 years | $ 142,874 | $ 110,832 |
Gross Unrealized gains After 5 to 10 years | 4,776 | 5,783 |
Gross Unrealized losses After 5 to 10 years | 46 | 0 |
Fair value After 5 to 10 years | $ 147,604 | $ 116,615 |
Weighted-average yield After 5 to 10 years | 1.87% | 2.13% |
Amortized cost After 10 years | $ 1,645,111 | $ 1,154,707 |
Gross Unrealized gains After 10 years | 14,612 | 23,459 |
Gross Unrealized losses After 10 years | 11,869 | 203 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 1,647,854 | $ 1,177,963 |
Weighted-average yield After 10 years | 1.26% | 1.53% |
Fair value | $ 1,820,935 | $ 1,320,281 |
Weighted-average yield | 1.33% | 1.61% |
Gross Unrealized loss | $ 11,915 | $ 203 |
Gross Unrealized gain | 20,075 | 30,133 |
Amortized cost | 1,812,775 | 1,290,351 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Allowance for Credit Losses | 0 | 0 |
Mortgage Backed Securities [Member] | Collateralized mortgage obligations guaranteed by the FHLMC, FNMA and GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | 413 | 538 |
Gross Unrealized gains After 1 to 5 years | 0 | 0 |
Gross Unrealized losses After 1 to 5 years | 0 | 1 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 413 | $ 537 |
Weighted-average yield After 1 to 5 years | 0.77% | 0.81% |
Amortized cost After 5 to 10 years | $ 40,819 | $ 18,438 |
Gross Unrealized gains After 5 to 10 years | 122 | 152 |
Gross Unrealized losses After 5 to 10 years | 225 | 0 |
Fair value After 5 to 10 years | $ 40,716 | $ 0 |
Weighted-average yield After 5 to 10 years | 1.09% | 0.80% |
Amortized cost After 10 years | $ 530,752 | $ 258,069 |
Gross Unrealized gains After 10 years | 965 | 1,019 |
Gross Unrealized losses After 10 years | 5,041 | 491 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 526,676 | $ 258,597 |
Weighted-average yield After 10 years | 1.27% | 1.56% |
Fair value | $ 567,805 | $ 277,724 |
Weighted-average yield | 1.25% | 1.51% |
Gross Unrealized loss | $ 5,266 | $ 492 |
Gross Unrealized gain | 1,087 | 1,171 |
Amortized cost | 571,984 | 277,045 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Allowance for Credit Losses | 0 | 0 |
Mortgage Backed Securities [Member] | Private label [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost After 10 years | 11,180 | 12,310 |
Gross Unrealized gains After 10 years | 0 | 0 |
Gross Unrealized losses After 10 years | 2,419 | 2,880 |
Allowance for Credit Losses After 10 years | 858 | 1,002 |
Fair value After 10 years | $ 7,903 | $ 8,428 |
Weighted-average yield After 10 years | 2.13% | 2.25% |
Fair value | $ 7,900 | |
Weighted-average yield | 2.13% | |
Gross Unrealized loss | $ 3,300 | |
Allowance for Credit Losses | 900 | $ 1,000 |
Other Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost Due within one year | 650 | |
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 | $ 650 | |
Weighted-average yield Due within one year | 2.88% | |
Amortized cost After 1 to 5 years | 650 | |
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 | $ 650 | |
Weighted-average yield After 1 to 5 years | 2.94% |
INVESTMENT SECURITIES - Additio
INVESTMENT SECURITIES - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Schedule Of Investments [Line Items] | ||||||||
Fair value | $ 6,402,258,000 | $ 6,402,258,000 | $ 4,647,019,000 | |||||
Gross Unrealized loss | 51,550,000 | 51,550,000 | 5,517,000 | |||||
Allowance for Credit Losse, Available-for-sale securities | 1,166,000 | 1,166,000 | 1,310,000 | |||||
Allowance for Credit Losse, Held-to-maturity securities | 10,685,000 | 10,685,000 | 8,845,000 | |||||
Debt Securities, Held-to-maturity, Past Due | $ 0 | $ 0 | ||||||
Debt Securities, Held-to-maturity, Threshold Period Past Due | 30 days | 30 days | ||||||
Accrued interest receivable on loans and investments | $ 63,301,000 | $ 63,301,000 | 69,505,000 | |||||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Allowance for Credit Losse, Available-for-sale securities | 10,700,000 | 10,700,000 | 8,800,000 | |||||
Allowance for Credit Losse, Held-to-maturity securities | 10,685,000 | $ 9,268,000 | 10,685,000 | $ 9,268,000 | $ 8,869,000 | 8,845,000 | $ 9,268,000 | $ 0 |
Held to Maturity Amortized cost | 190,012,000 | 190,012,000 | 189,488,000 | |||||
Cash and Cash Equivalents [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Held to Maturity Amortized cost | 0 | 0 | ||||||
MBS [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Proceeds From Sale Of Available For Sale Securities | 277,400,000 | |||||||
Gain on Sale of Investments | 8,100,000 | |||||||
Fair value | 4,388,449,000 | 4,388,449,000 | 3,455,796,000 | |||||
Gross Unrealized loss | 34,137,000 | 34,137,000 | 3,951,000 | |||||
Allowance for Credit Losse, Available-for-sale securities | 858,000 | 858,000 | 1,002,000 | |||||
MBS [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Fair value | 7,900,000 | 7,900,000 | ||||||
Gross Unrealized loss | 3,300,000 | 3,300,000 | ||||||
Allowance for Credit Losse, Available-for-sale securities | 900,000 | 900,000 | 1,000,000 | |||||
Puerto Rico Government obligations [Member] | Residential Mortgage Backed Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Fair value | 2,900,000 | 2,900,000 | ||||||
Gross Unrealized loss | 800,000 | 800,000 | ||||||
Allowance for Credit Losse, Available-for-sale securities | $ 300,000 | $ 300,000 | ||||||
Available-for-sale Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Percentage Of Debt Securities Government And Government Sponsored Agencies | 99.00% | 99.00% | ||||||
Allowance for Credit Losse, Available-for-sale securities | $ 1,166,000 | 1,631,000 | $ 1,166,000 | 1,631,000 | 1,183,000 | 1,310,000 | 368,000 | 0 |
Accrued interest receivable on loans and investments | 10,000,000 | 10,000,000 | 8,500,000 | |||||
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Allowance for Credit Losse, Available-for-sale securities | 858,000 | 1,323,000 | $ 858,000 | 1,323,000 | 875,000 | 1,002,000 | 368,000 | 0 |
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | FICO Score, Greater than 700 [Member] | LTV Less than 80 Percent [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Financing Receivable, Credit Quality, Additional Information | The underlying collateral is fixed-rate, single-family residential mortgage loans in the United States with original FICO scores over 700 and moderate loan-to-value ratios (under 80%), as well as moderate delinquency levels. | |||||||
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | LIBOR [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Loans Receivable, Description of Variable Rate Basis | The interest rate on these private-label MBS is variable, tied to 3-month LIBOR and limited to the weighted-average coupon on the underlying collateral. | |||||||
Available-for-sale Securities [Member] | Puerto Rico Government obligations [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Allowance for Credit Losse, Available-for-sale securities | 308,000 | 308,000 | $ 308,000 | 308,000 | $ 308,000 | 308,000 | $ 0 | $ 0 |
Held-to-maturity Securities [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Accrued interest receivable on loans and investments | 3,600,000 | 3,600,000 | $ 3,600,000 | |||||
Held-to-maturity Securities [Member] | Municipal Bonds [Member] | Puerto Rico [Member] | ||||||||
Schedule Of Investments [Line Items] | ||||||||
Provision for Other Credit Losses | $ 1,816,000 | $ 0 | $ 1,840,000 | $ 1,134,000 |
INVESTMENT SECURITIES - Availab
INVESTMENT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | $ 4,478,857 | $ 782,960 |
Unrealized Losses Less than 12 months | 48,461 | 1,610 |
Fair Value 12 months or more | 21,286 | 44,465 |
Unrealized Losses 12 months or more | 3,089 | 3,907 |
Total Fair Value | 4,500,143 | 827,425 |
Total Unrealized Losses | 51,550 | 5,517 |
Puerto Rico Government obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 0 | 0 |
Unrealized Losses Less than 12 months | 0 | 0 |
Fair Value 12 months or more | 2,928 | 2,899 |
Unrealized Losses 12 months or more | 536 | 780 |
Total Fair Value | 2,928 | 2,899 |
Total Unrealized Losses | 536 | 780 |
U.S. Treasury and U.S. government agencies obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 1,753,004 | 425,155 |
Unrealized Losses Less than 12 months | 16,877 | 621 |
Fair Value 12 months or more | 0 | 23,377 |
Unrealized Losses 12 months or more | 0 | 165 |
Total Fair Value | 1,753,004 | 448,532 |
Total Unrealized Losses | 16,877 | 786 |
Mortgage Backed Securities [Member] | FNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 1,184,098 | 93,509 |
Unrealized Losses Less than 12 months | 11,915 | 203 |
Fair Value 12 months or more | 0 | 0 |
Unrealized Losses 12 months or more | 0 | 0 |
Total Fair Value | 1,184,098 | 93,509 |
Total Unrealized Losses | 11,915 | 203 |
Mortgage Backed Securities [Member] | FHLMC [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 1,009,134 | 89,292 |
Unrealized Losses Less than 12 months | 13,147 | 159 |
Fair Value 12 months or more | 0 | 0 |
Unrealized Losses 12 months or more | 0 | 0 |
Total Fair Value | 1,009,134 | 89,292 |
Total Unrealized Losses | 13,147 | 159 |
Mortgage Backed Securities [Member] | GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 101,832 | 70,504 |
Unrealized Losses Less than 12 months | 1,390 | 217 |
Fair Value 12 months or more | 0 | 0 |
Unrealized Losses 12 months or more | 0 | 0 |
Total Fair Value | 101,832 | 70,504 |
Total Unrealized Losses | 1,390 | 217 |
Mortgage Backed Securities [Member] | Collateralized mortgage obligations guaranteed by the FHLMC, FNMA and GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value Less than 12 months | 430,789 | 104,500 |
Unrealized Losses Less than 12 months | 5,132 | 410 |
Fair Value 12 months or more | 10,455 | 9,761 |
Unrealized Losses 12 months or more | 134 | 82 |
Total Fair Value | 441,244 | 114,261 |
Total Unrealized Losses | 5,266 | 492 |
Mortgage Backed Securities [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 | 7,903 | 8,428 |
Unrealized Losses 12 months or more | 2,419 | 2,880 |
Total Fair Value | 7,903 | 8,428 |
Total Unrealized Losses | $ 2,419 | $ 2,880 |
INVESTMENT SECURITIES - Signifi
INVESTMENT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail) - MBS [Member] - Private label [Member] | Jun. 30, 2021 | Dec. 31, 2020 |
Discount rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Discount rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Discount rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Prepayment rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.150 | 0.121 |
Prepayment rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.020 | 0.012 |
Prepayment rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.220 | 0.188 |
Projected Cumulative Loss Rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.073 | 0.102 |
Projected Cumulative Loss Rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.002 | 0.026 |
Projected Cumulative Loss Rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.173 | 0.223 |
INVESTMENT SECURITIES - ACL on
INVESTMENT SECURITIES - ACL on Debt Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 1,310 | |||
Net charge-offs | $ (17) | |||
Ending Balance | 1,166 | 1,166 | ||
MBS [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 1,002 | |||
Ending Balance | 858 | 858 | ||
MBS [Member] | Private label [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 1,000 | |||
Net charge-offs | (17) | |||
Ending Balance | 900 | 900 | ||
Puerto Rico Government obligations [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Net charge-offs | 0 | |||
Available-for-sale Securities [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 1,183 | $ 368 | 1,310 | $ 0 |
Addtions for securities for which previous expected credit losses were recognized (provision for credit losses) | 1,263 | 127 | 1,631 | |
Net charge-offs | (17) | |||
Ending Balance | 1,166 | 1,631 | 1,166 | 1,631 |
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 875 | 368 | 1,002 | 0 |
Addtions for securities for which previous expected credit losses were recognized (provision for credit losses) | 955 | 127 | 1,323 | |
Net charge-offs | (17) | |||
Ending Balance | 858 | 1,323 | 858 | 1,323 |
Available-for-sale Securities [Member] | Puerto Rico Government obligations [Member] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 308 | 0 | 308 | 0 |
Addtions for securities for which previous expected credit losses were recognized (provision for credit losses) | 308 | 0 | 308 | |
Net charge-offs | 0 | |||
Ending Balance | $ 308 | $ 308 | $ 308 | $ 308 |
INVESTMENT SECURITIES - Inves_2
INVESTMENT SECURITIES - Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Maturity Fair value | $ 187,645 | $ 173,806 | ||||
Allowance for Credit Losse, Held-to-maturity securities | 10,685 | 8,845 | ||||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||||
Schedule Of Held To Maturity Securities [Line Items] | ||||||
Held to Matury Amortized Due Withing One Year | 2,974 | 556 | ||||
Held to Maturity Gross Unrecognized gain Due Within One Year | 0 | 7 | ||||
Held to Maturity Gross Unrecognized losses Due Within One Year | 10 | 0 | ||||
Held to Maturity Fair value Due Within One Year | 2,964 | 563 | ||||
Allowance for credit losses Withing One Year | $ 60 | $ 0 | ||||
Held to Maturity Weighted-average yield Due withing One Year | 5.38% | 5.41% | ||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 14,937 | $ 17,297 | ||||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 711 | 561 | ||||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 71 | 305 | ||||
Held to Maturity Fair value After 1 to 5 years | 15,577 | 17,553 | ||||
Allowance for credit losses After 1 to 5 years | $ 319 | $ 576 | ||||
Held to Maturity Weighted-average yield After 1 to 5 years | 2.54% | 3.00% | ||||
Held to Maturity Amortized Cost After 5 to 10 years | $ 88,734 | $ 88,394 | ||||
Held to Maturity Gross Unrecognized gains After 5 to 10 years | 2,869 | 1,388 | ||||
Held to Maturity Gross Unrecognized losses After 5 to 10 year | 266 | 3,146 | ||||
Held to Maturity Fair value After 5 to 10 years | 91,337 | 86,636 | ||||
Allowance for credit losses After 5 to 10 years | $ 3,567 | $ 4,401 | ||||
Held to Maturity Weighted-average yield After 5 to 10 years | 4.63% | 4.66% | ||||
Held to Maturity Weighted-average yield | 4.01% | 4.03% | ||||
Held to Maturity Amortized Cost After 10 years | $ 83,367 | $ 83,241 | ||||
Held to Maturity Gross Unrecognized gains After 10 | 43 | 0 | ||||
Held to Maturity Gross Unrecognized losses After 10 | 5,643 | 14,187 | ||||
Held to Maturity Fair value After 10 years | 77,767 | 69,054 | ||||
Allowance for credit losses After 10 years | $ 6,739 | $ 3,868 | ||||
Held to Maturity Weighted-average yield After 10 years | 3.56% | 3.57% | ||||
Held to Maturity Amortized cost | $ 190,012 | $ 189,488 | ||||
Held to Maturity Gross Unrecognized gains | 3,623 | 1,956 | ||||
Held to Maturity Fair value | 187,645 | 173,806 | ||||
Allowance for Credit Losse, Held-to-maturity securities | 10,685 | $ 8,869 | 8,845 | $ 9,268 | $ 9,268 | $ 0 |
Held to Maturity Gross Unrecognized losses | $ 5,990 | $ 17,638 |
INVESTMENT SECURITIES - Inves_3
INVESTMENT SECURITIES - Investment Securities Held to Maturity (Securities in continuous unrealized loss position) (Detail) - Puerto Rico [Member] - Municipal Bonds [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | $ 14,929 | $ 28,252 |
HTM Unrealized Losses Less than 12 months | 300 | 1,611 |
HTM Fair Value 12 months or more | 89,445 | 116,216 |
HTM Unrealized Losses 12 months or more | 5,690 | 16,027 |
HTM Fair Value | 104,374 | 144,468 |
HTM Unrealized Losses | $ 5,990 | $ 17,638 |
INVESTMENT SECURITIES - ACL for
INVESTMENT SECURITIES - ACL for Debt Securities Held-to-Maturity (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jan. 01, 2021 | Jan. 01, 2020 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||||
Beginning Balance | $ 8,845 | |||||
Ending Balance | $ 10,685 | 10,685 | ||||
Municipal Bonds [Member] | PUERTO RICO | ||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||||
Beginning Balance | 8,869 | $ 9,268 | 8,845 | $ 0 | ||
Ending Balance | 10,685 | 9,268 | 10,685 | 9,268 | ||
Municipal Bonds [Member] | PUERTO RICO | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||||
Impact of adopting ASC 326 on Held-to-maturity securities | $ 0 | $ 8,134 | ||||
Municipal Bonds [Member] | PUERTO RICO | Held-to-maturity Securities [Member] | ||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||||
Provision for Other Credit Losses | $ 1,816 | $ 0 | $ 1,840 | $ 1,134 |
INVESTMENT SECURITIES - Debt Se
INVESTMENT SECURITIES - Debt Securities Held-to-Maturity by Credit Quality Indicator (Detail) - Municipal Bonds [Member] - Puerto Rico [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | $ 190,012 | $ 189,488 |
Pass [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | 190,012 | 189,488 |
Special Mention [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | 0 | 0 |
Substandard [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | 0 | 0 |
Doubtful [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | 0 | 0 |
Loss [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held to Maturity Amortized cost | $ 0 | $ 0 |
EQUITY SECURITIES - Additional
EQUITY SECURITIES - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Summary of Investment Holdings [Line Items] | |||||
Capital stock par value | $ 100 | $ 100 | |||
Book value of investment in FHLB stock | $ 27,400 | $ 27,400 | $ 31,200 | ||
Market-to-market gain (loss) | 12,477 | $ 11,505 | 22,615 | $ 19,131 | |
Equity Securities without Readily Determinable Fair Value, Amount | 37,722 | 37,722 | 37,588 | ||
Equity Securities [Member] | |||||
Summary of Investment Holdings [Line Items] | |||||
Equity Securities, FV-NI | 5,500 | 5,500 | 1,500 | ||
Market-to-market gain (loss) | 27 | 13 | (5) | 40 | |
Equity Securities without Readily Determinable Fair Value, Amount | 4,900 | 4,900 | $ 4,900 | ||
Investment in Federal Home Loan Bank Stock [Member] | |||||
Summary of Investment Holdings [Line Items] | |||||
Dividend income from FHLB stock | $ 400 | $ 500 | $ 800 | $ 1,100 |
LOANS HELD FOR INVESTMENT - Loa
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 | ||||
Less: allowance for loan and lease losses | (324,958) | $ (358,936) | (385,887) | $ (319,297) | $ (292,774) | $ (155,139) |
Loans, net of allowance for credit losses of $324,958 (2020 - $385,887) | 11,062,636 | 11,391,402 | ||||
Residential Portfolio Segment [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 3,253,857 | 3,521,954 | ||||
Less: allowance for loan and lease losses | (112,882) | (114,044) | (120,311) | (111,450) | (107,082) | (44,806) |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 3,083,863 | 3,202,590 | ||||
Less: allowance for loan and lease losses | (37,470) | (32,087) | (37,944) | (38,310) | (38,310) | (15,198) |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,154,889 | 2,230,602 | ||||
Less: allowance for loan and lease losses | (72,452) | (99,782) | (109,342) | (49,435) | (33,971) | (39,194) |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 177,032 | 212,500 | ||||
Less: allowance for loan and lease losses | (4,757) | (4,915) | (5,380) | (7,800) | (5,253) | (2,370) |
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,717,953 | 2,609,643 | ||||
Less: allowance for loan and lease losses | $ (97,397) | $ (108,108) | $ (112,910) | $ (112,302) | $ (108,158) | $ (53,571) |
LOANS HELD FOR INVESTMENT - L_2
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,387,594 | $ 11,777,289 | |||
Financing Receivable, Unamortized Loan Fee (Cost) and Purchase Premium (Discount) | 39,100 | 39,100 | 48,000 | |||
Loans held for investment transferred to held for sale | 31,383 | $ 3,535 | ||||
Charge-offs | (17,866) | $ (12,049) | (34,100) | (32,244) | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 3,083,863 | 3,083,863 | 3,202,590 | |||
Charge-offs | (60) | $ (48) | (869) | $ (173) | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | ||||||
Loans held for investment transferred to held for sale | $ 28,200 | |||||
Charge-offs | $ (700) | |||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | Loans held for sale sold [Member] | ||||||
Loans sales | 24,000 | |||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | COVID-19 [Member] | US Government Insured Loan Program [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 349,300 | 349,300 | 406,000 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Commercial loans secured by real estate | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 986,000 | $ 986,000 | $ 1,000 |
LOANS HELD FOR INVESTMENT - Cor
LOANS HELD FOR INVESTMENT - Corporation's nonaccrual status and loans 90 days or more still accruing (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | $ 43,796 | $ 43,796 | $ 46,736 | ||
Nonaccrual Loans with ACL | 138,854 | 138,854 | 158,353 | ||
Total Nonaccrual Loans | 182,650 | 182,650 | 205,089 | ||
Loans Past Due 90 days or more Still Accruing | 144,156 | 144,156 | 145,095 | ||
Interest Income Recognized on Nonaccrual Loans | 762 | $ 474 | 1,294 | $ 1,089 | |
Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 40,759 | 40,759 | 43,591 | ||
Nonaccrual Loans with ACL | 128,513 | 128,513 | 145,691 | ||
Total Nonaccrual Loans | 169,272 | 169,272 | 189,282 | ||
Loans Past Due 90 days or more Still Accruing | 143,872 | 143,872 | 144,845 | ||
Interest Income Recognized on Nonaccrual Loans | 680 | 428 | 1,125 | 933 | |
Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 3,037 | 3,037 | 3,145 | ||
Nonaccrual Loans with ACL | 10,341 | 10,341 | 12,662 | ||
Total Nonaccrual Loans | 13,378 | 13,378 | 15,807 | ||
Loans Past Due 90 days or more Still Accruing | 284 | 284 | 250 | ||
Interest Income Recognized on Nonaccrual Loans | 82 | 46 | 169 | 156 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 13,959 | 13,959 | 15,002 | ||
Nonaccrual Loans with ACL | 107,736 | 107,736 | 110,365 | ||
Total Nonaccrual Loans | 121,695 | 121,695 | 125,367 | ||
Loans Past Due 90 days or more Still Accruing | 36,618 | 36,618 | 38,834 | ||
Interest Income Recognized on Nonaccrual Loans | 583 | 304 | 959 | 681 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 11,435 | 11,435 | 12,418 | ||
Nonaccrual Loans with ACL | 98,026 | 98,026 | 98,527 | ||
Total Nonaccrual Loans | 109,461 | 109,461 | 110,945 | ||
Loans Past Due 90 days or more Still Accruing | 36,618 | 36,618 | 38,834 | ||
Interest Income Recognized on Nonaccrual Loans | 523 | 272 | 835 | 566 | |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 2,524 | 2,524 | 2,584 | ||
Nonaccrual Loans with ACL | 9,710 | 9,710 | 11,838 | ||
Total Nonaccrual Loans | 12,234 | 12,234 | 14,422 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 60 | 32 | 124 | 115 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 82,028 | 82,028 | 99,243 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 81,778 | 81,778 | 98,993 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 250 | 250 | 250 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 12,021 | 12,021 | 15,385 | ||
Nonaccrual Loans with ACL | 6,814 | 6,814 | 5,496 | ||
Total Nonaccrual Loans | 18,835 | 18,835 | 20,881 | ||
Loans Past Due 90 days or more Still Accruing | 16,740 | 16,740 | 2,246 | ||
Interest Income Recognized on Nonaccrual Loans | 50 | 25 | 85 | 76 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 11,508 | 11,508 | 14,824 | ||
Nonaccrual Loans with ACL | 6,524 | 6,524 | 5,496 | ||
Total Nonaccrual Loans | 18,032 | 18,032 | 20,320 | ||
Loans Past Due 90 days or more Still Accruing | 16,706 | 16,706 | 2,246 | ||
Interest Income Recognized on Nonaccrual Loans | 30 | 11 | 47 | 43 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 513 | 513 | 561 | ||
Nonaccrual Loans with ACL | 290 | 290 | 0 | ||
Total Nonaccrual Loans | 803 | 803 | 561 | ||
Loans Past Due 90 days or more Still Accruing | 34 | 34 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 20 | 14 | 38 | 33 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 8,731 | 8,731 | 11,777 | ||
Nonaccrual Loans with ACL | 18,511 | 18,511 | 17,834 | ||
Total Nonaccrual Loans | 27,242 | 27,242 | 29,611 | ||
Loans Past Due 90 days or more Still Accruing | 5,718 | 5,718 | 3,252 | ||
Interest Income Recognized on Nonaccrual Loans | 52 | 33 | 102 | 107 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 8,731 | 8,731 | 11,777 | ||
Nonaccrual Loans with ACL | 18,511 | 18,511 | 17,834 | ||
Total Nonaccrual Loans | 27,242 | 27,242 | 29,611 | ||
Loans Past Due 90 days or more Still Accruing | 5,718 | 5,718 | 3,252 | ||
Interest Income Recognized on Nonaccrual Loans | 52 | 33 | 102 | 107 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 4,236 | 4,236 | 4,546 | ||
Nonaccrual Loans with ACL | 1,939 | 1,939 | 8,425 | ||
Total Nonaccrual Loans | 6,175 | 6,175 | 12,971 | ||
Loans Past Due 90 days or more Still Accruing | 55 | 55 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 17 | 22 | 32 | 42 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 4,236 | 4,236 | 4,546 | ||
Nonaccrual Loans with ACL | 1,939 | 1,939 | 8,425 | ||
Total Nonaccrual Loans | 6,175 | 6,175 | 12,971 | ||
Loans Past Due 90 days or more Still Accruing | 55 | 55 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 17 | 22 | 32 | 42 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 4,456 | 4,456 | 26 | ||
Nonaccrual Loans with ACL | 776 | 776 | 8,861 | ||
Total Nonaccrual Loans | 5,232 | 5,232 | 8,887 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 31 | 71 | 53 | 123 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 4,456 | 4,456 | 26 | ||
Nonaccrual Loans with ACL | 750 | 750 | 8,638 | ||
Total Nonaccrual Loans | 5,206 | 5,206 | 8,664 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 31 | 71 | 53 | 121 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 26 | 26 | 223 | ||
Total Nonaccrual Loans | 26 | 26 | 223 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 2 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 387 | 387 | 0 | ||
Nonaccrual Loans with ACL | 211 | 211 | 1,466 | ||
Total Nonaccrual Loans | 598 | 598 | 1,466 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 10 | 1 | 21 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 387 | 387 | 0 | ||
Nonaccrual Loans with ACL | 211 | 211 | 1,466 | ||
Total Nonaccrual Loans | 598 | 598 | 1,466 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 10 | 1 | 21 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 964 | 964 | 1,623 | ||
Total Nonaccrual Loans | 964 | 964 | 1,623 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 26 | 9 | 54 | 30 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 964 | 964 | 1,623 | ||
Total Nonaccrual Loans | 964 | 964 | 1,623 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 26 | 9 | 54 | 28 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 2 | |
Consumer Portfolio Segment [Member] | Credit cards [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 2,995 | 2,995 | 1,520 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 2,995 | 2,995 | 1,520 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 0 | 0 | 0 | ||
Total Nonaccrual Loans | 0 | 0 | 0 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 6 | 6 | 0 | ||
Nonaccrual Loans with ACL | 1,903 | 1,903 | 4,283 | ||
Total Nonaccrual Loans | 1,909 | 1,909 | 4,283 | ||
Loans Past Due 90 days or more Still Accruing | 2 | 2 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 3 | 0 | 8 | 9 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 6 | 6 | 0 | ||
Nonaccrual Loans with ACL | 1,588 | 1,588 | 3,682 | ||
Total Nonaccrual Loans | 1,594 | 1,594 | 3,682 | ||
Loans Past Due 90 days or more Still Accruing | 2 | 2 | 0 | ||
Interest Income Recognized on Nonaccrual Loans | 1 | 0 | 1 | 5 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member] | |||||
Financing Receivable, Nonaccrual [Line Items] | |||||
Nonaccrual Loans with No ACL | 0 | 0 | 0 | ||
Nonaccrual Loans with ACL | 315 | 315 | 601 | ||
Total Nonaccrual Loans | 315 | 315 | 601 | ||
Loans Past Due 90 days or more Still Accruing | 0 | 0 | $ 0 | ||
Interest Income Recognized on Nonaccrual Loans | $ 2 | $ 0 | $ 7 | $ 4 |
LOANS HELD FOR INVESTMENT - C_2
LOANS HELD FOR INVESTMENT - Corporation's nonaccrual status and loans 90 days or more still accruing (Parenthetical) (Detail) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 144,156 | 145,095 | |
Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 9,376,138 | 9,788,106 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 143,872 | 144,845 | |
Florida region [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 2,011,456 | 1,989,183 | |
Financing Receivable, 90 Days or More Past Due, Still Accruing | 284 | 250 | |
Residential Portfolio Segment [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 3,253,857 | 3,521,954 | |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 2,789,962 | 3,002,203 | |
Residential Portfolio Segment [Member] | Florida region [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 463,895 | 519,751 | |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 8,000 | 10,700 | |
Financing Receivable, Purchase | 300 | $ 5,200 | |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, 90 Days or More Past Due, Still Accruing | 8,000 | 10,700 | |
Financing Receivable, Purchase | 300 | ||
PCD loans [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 125,200 | 130,900 | |
PCD loans [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, before Allowance for Credit Loss | 125,200 | 130,900 | |
Accrual Status [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring | 369,100 | 393,300 | |
Accrual Status [Member] | Puerto Rico and Virgin Islands regions [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring | 362,800 | 386,700 | |
Accrual Status [Member] | Florida region [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring | $ 6,300 | $ 6,600 |
LOANS HELD FOR INVESTMENT - C_3
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | $ 410,418 | $ 498,303 |
Current | 10,977,176 | 11,278,986 |
Loans held for investment | 11,387,594 | 11,777,289 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 394,396 | 477,726 |
Current | 8,981,742 | 9,310,380 |
Loans held for investment | 9,376,138 | 9,788,106 |
Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 16,022 | 20,577 |
Current | 1,995,434 | 1,968,606 |
Loans held for investment | 2,011,456 | 1,989,183 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 34,762 | 48,129 |
30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 33,479 | 47,143 |
30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,283 | 986 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 48,850 | 99,990 |
60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 47,773 | 96,456 |
60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,077 | 3,534 |
90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 326,806 | 350,184 |
90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 313,144 | 334,127 |
90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 13,662 | 16,057 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,253,857 | 3,521,954 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,789,962 | 3,002,203 |
Residential Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 463,895 | 519,751 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 196,757 | 228,478 |
Current | 2,918,049 | 3,142,742 |
Loans held for investment | 3,114,806 | 3,371,220 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 183,554 | 210,819 |
Current | 2,468,234 | 2,641,820 |
Loans held for investment | 2,651,788 | 2,852,639 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 13,203 | 17,659 |
Current | 449,815 | 500,922 |
Loans held for investment | 463,018 | 518,581 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 73,200 | 111,800 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 67,900 | 105,200 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 5,300 | 6,600 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 38,444 | 64,277 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 37,475 | 61,040 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 969 | 3,237 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 158,313 | 164,201 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 146,079 | 149,779 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 12,234 | 14,422 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 84,278 | 101,466 |
Current | 54,773 | 49,268 |
Loans held for investment | 139,051 | 150,734 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 84,028 | 101,216 |
Current | 54,146 | 48,348 |
Loans held for investment | 138,174 | 149,564 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 250 | 250 |
Current | 627 | 920 |
Loans held for investment | 877 | 1,170 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 4,900 | 6,100 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 4,900 | 5,900 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 200 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,250 | 2,223 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,250 | 2,223 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 82,028 | 99,243 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 81,778 | 98,993 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 250 | 250 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 42,813 | 37,320 |
Current | 3,041,050 | 3,165,270 |
Loans held for investment | 3,083,863 | 3,202,590 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 41,033 | 36,541 |
Current | 2,034,500 | 2,228,190 |
Loans held for investment | 2,075,533 | 2,264,731 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,780 | 779 |
Current | 1,006,550 | 937,080 |
Loans held for investment | 1,008,330 | 937,859 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 34,301 | 44,522 |
Current | 2,120,588 | 2,186,080 |
Loans held for investment | 2,154,889 | 2,230,602 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 34,301 | 44,522 |
Current | 1,711,535 | 1,808,702 |
Loans held for investment | 1,745,836 | 1,853,224 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 409,053 | 377,378 |
Loans held for investment | 409,053 | 377,378 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 5,668 | 3,501 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 4,725 | 3,283 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 943 | 218 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,011 | 5,071 |
Loans held for investment | 10,400 | 5,000 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,011 | 5,071 |
Loans held for investment | 10,400 | 5,000 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,570 | 10,692 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,570 | 10,692 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 330 | 6,588 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 330 | 6,588 |
Commercial Portfolio Segment [Member] | 60-89 Days Past Due [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 35,575 | 23,127 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 34,738 | 22,566 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 837 | 561 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 32,960 | 32,863 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 32,960 | 32,863 |
Commercial Portfolio Segment [Member] | 90 days or more Past Due [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 6,235 | 12,990 |
Current | 170,797 | 199,510 |
Loans held for investment | 177,032 | 212,500 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 6,235 | 12,990 |
Current | 60,957 | 72,026 |
Loans held for investment | 67,192 | 85,016 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 109,840 | 127,484 |
Loans held for investment | 109,840 | 127,484 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 200 | 100 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Loans held for investment | 200 | 100 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 5 | 19 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 5 | 19 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 6,230 | 12,971 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 6,230 | 12,971 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,717,953 | 2,609,643 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,697,615 | 2,582,932 |
Consumer Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 20,338 | 26,711 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 25,877 | 39,911 |
Current | 1,404,811 | 1,256,513 |
Loans held for investment | 1,430,688 | 1,296,424 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 25,412 | 38,681 |
Current | 1,392,527 | 1,239,445 |
Loans held for investment | 1,417,939 | 1,278,126 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 465 | 1,230 |
Current | 12,284 | 17,068 |
Loans held for investment | 12,749 | 18,298 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 18,009 | 24,735 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 17,678 | 24,025 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 331 | 710 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,636 | 6,289 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,528 | 5,992 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 108 | 297 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 5,232 | 8,887 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 5,206 | 8,664 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 26 | 223 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 4,643 | 7,611 |
Current | 512,113 | 465,378 |
Loans held for investment | 516,756 | 472,989 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 4,643 | 7,611 |
Current | 512,113 | 465,378 |
Loans held for investment | 516,756 | 472,989 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 0 | 0 |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 3,558 | 5,059 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 3,558 | 5,059 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 487 | 1,086 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 487 | 1,086 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 598 | 1,466 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 598 | 1,466 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 4,904 | 7,638 |
Current | 336,097 | 364,530 |
Loans held for investment | 341,001 | 372,168 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 4,904 | 7,638 |
Current | 335,961 | 364,373 |
Loans held for investment | 340,865 | 372,011 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 136 | 157 |
Loans held for investment | 136 | 157 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,876 | 4,034 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,876 | 4,034 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,064 | 1,981 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,064 | 1,981 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 964 | 1,623 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 964 | 1,623 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 7,050 | 10,888 |
Current | 285,567 | 308,936 |
Loans held for investment | 292,617 | 319,824 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 7,050 | 10,888 |
Current | 285,567 | 308,936 |
Loans held for investment | 292,617 | 319,824 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 0 | 0 |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,647 | 3,528 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,647 | 3,528 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,408 | 5,842 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,408 | 5,842 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,995 | 1,518 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 2,995 | 1,518 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 3,560 | 7,479 |
Current | 133,331 | 140,759 |
Loans held for investment | 136,891 | 148,238 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 3,236 | 6,820 |
Current | 126,202 | 133,162 |
Loans held for investment | 129,438 | 139,982 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 324 | 659 |
Current | 7,129 | 7,597 |
Loans held for investment | 7,453 | 8,256 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 993 | 2,201 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 984 | 2,143 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 9 | 58 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 656 | 993 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 656 | 993 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 90 days or more Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,911 | 4,285 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 90 days or more Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | 1,596 | 3,684 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 90 days or more Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total Past Due | $ 315 | $ 601 |
LOANS HELD FOR INVESTMENT - C_4
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | $ 410,418,000 | $ 498,303,000 |
Financing Receivable, before Allowance for Credit Loss | 11,387,594,000 | 11,777,289,000 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 394,396,000 | 477,726,000 |
Financing Receivable, before Allowance for Credit Loss | 9,376,138,000 | 9,788,106,000 |
Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 16,022,000 | 20,577,000 |
Financing Receivable, before Allowance for Credit Loss | 2,011,456,000 | 1,989,183,000 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 34,762,000 | 48,129,000 |
30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 33,479,000 | 47,143,000 |
30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 1,283,000 | 986,000 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,717,953,000 | 2,609,643,000 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,697,615,000 | 2,582,932,000 |
Consumer Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 20,338,000 | $ 26,711,000 |
Consumer Portfolio Segment [Member] | Credit Card [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 180 days | 180 days |
Consumer Portfolio Segment [Member] | Credit Card [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 180 days | 180 days |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 3,253,857,000 | $ 3,521,954,000 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,789,962,000 | 3,002,203,000 |
Residential Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 463,895,000 | 519,751,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 196,757,000 | 228,478,000 |
Financing Receivable, before Allowance for Credit Loss | 3,114,806,000 | 3,371,220,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 183,554,000 | 210,819,000 |
Financing Receivable, before Allowance for Credit Loss | 2,651,788,000 | 2,852,639,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 13,203,000 | 17,659,000 |
Financing Receivable, before Allowance for Credit Loss | 463,018,000 | 518,581,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 73,200,000 | 111,800,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 67,900,000 | 105,200,000 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | $ 5,300,000 | $ 6,600,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Period Of Residential Mortgage Loan That Are No Longer Accruing Interest | 15 months | 15 months |
Financing Receivable Recorded Investment 15 Months Past Due And No Still Accruing | $ 55,800,000 | $ 57,900,000 |
Financing Receivable, Past Due | 84,278,000 | 101,466,000 |
Financing Receivable, before Allowance for Credit Loss | $ 139,051,000 | $ 150,734,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Period Of Residential Mortgage Loan That Are No Longer Accruing Interest | 15 months | 15 months |
Financing Receivable Recorded Investment 15 Months Past Due And No Still Accruing | $ 55,800,000 | $ 57,900,000 |
Financing Receivable, Past Due | 84,028,000 | 101,216,000 |
Financing Receivable, before Allowance for Credit Loss | $ 138,174,000 | $ 149,564,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Period Of Residential Mortgage Loan That Are No Longer Accruing Interest | 15 months | 15 months |
Financing Receivable Recorded Investment 15 Months Past Due And No Still Accruing | $ 0 | $ 0 |
Financing Receivable, Past Due | 250,000 | 250,000 |
Financing Receivable, before Allowance for Credit Loss | 877,000 | 1,170,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 4,900,000 | 6,100,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 4,900,000 | 5,900,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 200,000 | |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 8,000,000 | 10,700,000 |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 8,000,000 | 10,700,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 34,301,000 | 44,522,000 |
Financing Receivable, before Allowance for Credit Loss | 2,154,889,000 | 2,230,602,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 34,301,000 | 44,522,000 |
Financing Receivable, before Allowance for Credit Loss | 1,745,836,000 | 1,853,224,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 409,053,000 | 377,378,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 1,011,000 | 5,071,000 |
Financing Receivable, before Allowance for Credit Loss | 10,400,000 | 5,000,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 1,011,000 | 5,071,000 |
Financing Receivable, before Allowance for Credit Loss | 10,400,000 | 5,000,000 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 6,235,000 | 12,990,000 |
Financing Receivable, before Allowance for Credit Loss | 177,032,000 | 212,500,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 6,235,000 | 12,990,000 |
Financing Receivable, before Allowance for Credit Loss | 67,192,000 | 85,016,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 109,840,000 | 127,484,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 200,000 | 100,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 200,000 | 100,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | Florida region [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, Past Due | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_5
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 | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9,376,138 | 9,788,106 |
Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,011,456 | 1,989,183 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 399,305 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 477,275 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 671,244 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 326,414 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 292,414 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 351,380 | |
Financing Receivable, Revolving | 565,831 | |
Financing Receivable, before Allowance for Credit Loss | 3,083,863 | 3,202,590 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 223,943 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 292,334 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 365,432 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 224,367 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 219,958 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 305,574 | |
Financing Receivable, Revolving | 443,925 | |
Financing Receivable, before Allowance for Credit Loss | 2,075,533 | 2,264,731 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 175,362 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 184,941 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 305,812 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 102,047 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,456 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 45,806 | |
Financing Receivable, Revolving | 121,906 | |
Financing Receivable, before Allowance for Credit Loss | 1,008,330 | 937,859 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 398,239 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 448,460 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 607,395 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 311,782 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 274,234 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 261,197 | |
Financing Receivable, Revolving | 546,011 | |
Financing Receivable, before Allowance for Credit Loss | 2,847,318 | 2,978,350 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 223,167 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 290,656 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 349,131 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 221,790 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 201,778 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 220,170 | |
Financing Receivable, Revolving | 424,440 | |
Financing Receivable, before Allowance for Credit Loss | 1,931,132 | 2,155,226 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 175,072 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 157,804 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 258,264 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 89,992 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,456 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 41,027 | |
Financing Receivable, Revolving | 121,571 | |
Financing Receivable, before Allowance for Credit Loss | 916,186 | 823,124 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 48,351 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,261 | |
Financing Receivable, Revolving | 12,587 | |
Financing Receivable, before Allowance for Credit Loss | 113,276 | 133,395 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,012 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 77 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52,261 | |
Financing Receivable, Revolving | 12,587 | |
Financing Receivable, before Allowance for Credit Loss | 65,937 | 59,421 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 47,339 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 47,339 | 73,974 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,066 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 28,815 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 15,498 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14,632 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 18,103 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 37,922 | |
Financing Receivable, Revolving | 7,233 | |
Financing Receivable, before Allowance for Credit Loss | 123,269 | 90,845 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 776 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,678 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 15,289 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,577 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 18,103 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 33,143 | |
Financing Receivable, Revolving | 6,898 | |
Financing Receivable, before Allowance for Credit Loss | 78,464 | 50,084 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 290 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27,137 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 209 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 12,055 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,779 | |
Financing Receivable, Revolving | 335 | |
Financing Receivable, before Allowance for Credit Loss | 44,805 | 40,761 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 112,226 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 443,124 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 455,706 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 327,809 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 242,997 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 550,735 | |
Financing Receivable, Revolving | 22,292 | |
Financing Receivable, before Allowance for Credit Loss | 2,154,889 | 2,230,602 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 74,579 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 382,424 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 352,620 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 257,042 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 198,546 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 480,064 | |
Financing Receivable, Revolving | 561 | |
Financing Receivable, before Allowance for Credit Loss | 1,745,836 | 1,853,224 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 37,647 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 60,700 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 103,086 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 70,767 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 44,451 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 70,671 | |
Financing Receivable, Revolving | 21,731 | |
Financing Receivable, before Allowance for Credit Loss | 409,053 | 377,378 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 106,603 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 415,642 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 344,196 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 300,172 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 111,892 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 453,760 | |
Financing Receivable, Revolving | 22,128 | |
Financing Receivable, before Allowance for Credit Loss | 1,754,393 | 1,803,454 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 68,956 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 371,751 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 264,516 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 236,187 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,793 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 411,313 | |
Financing Receivable, Revolving | 561 | |
Financing Receivable, before Allowance for Credit Loss | 1,426,077 | 1,511,827 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 37,647 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 43,891 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 79,680 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 63,985 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 39,099 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 42,447 | |
Financing Receivable, Revolving | 21,567 | |
Financing Receivable, before Allowance for Credit Loss | 328,316 | 291,627 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,798 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 27,482 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 111,510 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,782 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 124,607 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 49,457 | |
Financing Receivable, Revolving | 164 | |
Financing Receivable, before Allowance for Credit Loss | 323,800 | 378,163 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,798 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 10,673 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 88,104 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 119,255 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21,553 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 243,383 | 292,736 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 16,809 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 23,406 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,782 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,352 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 27,904 | |
Financing Receivable, Revolving | 164 | |
Financing Receivable, before Allowance for Credit Loss | 80,417 | 85,427 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,825 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 20,855 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6,498 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 47,518 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 76,696 | 48,985 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,825 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 20,855 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6,498 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 47,198 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 76,376 | 48,661 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 320 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 320 | 324 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 8,684 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,589 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 39,164 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38,401 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,993 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 177,032 | 212,500 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,971 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 13,215 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 34,516 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,296 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,993 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 67,192 | 85,016 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 4,713 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 68,374 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,648 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 32,105 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 109,840 | 127,484 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 8,684 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 81,589 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 38,393 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 33,780 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,082 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 167,729 | 196,320 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,971 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 13,215 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 33,745 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,675 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,082 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 57,889 | 68,836 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 4,713 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 68,374 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,648 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 32,105 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 109,840 | 127,484 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 771 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 771 | 776 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 771 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 771 | 776 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 4,621 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,911 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 8,532 | 15,404 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 4,621 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,911 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 8,532 | 15,404 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_6
LOANS HELD FOR INVESTMENT - Corporation's Residential Mortgage Loans by Origination Year Based on Original Loan-To-Value-Ratio (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9,376,138 | 9,788,106 |
Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,011,456 | 1,989,183 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 50,615 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 79,603 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 112,795 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 156,391 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 147,353 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,707,100 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,253,857 | 3,521,954 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,836 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 38,325 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 66,452 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 99,499 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,232 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,484,618 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 2,789,962 | 3,002,203 |
Residential Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 21,779 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 41,278 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 46,343 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 56,892 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 75,121 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 222,482 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 463,895 | 519,751 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 321 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 709 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,239 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,827 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 130,955 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 139,051 | 150,734 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 321 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 709 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,239 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,827 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 130,078 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 138,174 | 149,564 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 877 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 877 | 1,170 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 3,114,806 | 3,371,220 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,651,788 | 2,852,639 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 463,018 | 518,581 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Less than or equal to 90 percent [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 47,517 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 73,464 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 102,672 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 139,249 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 131,324 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,840,286 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 2,334,512 | 2,526,587 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Less than or equal to 90 percent [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 26,975 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 36,351 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 57,816 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 84,469 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 59,854 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,621,776 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,887,241 | 2,029,177 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Less than or equal to 90 percent [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 20,542 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 37,113 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 44,856 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 54,780 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 71,470 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 218,510 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 447,271 | 497,410 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 90 percent but less than or equal to 100 percent [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,885 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,818 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 8,480 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 9,729 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 8,635 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 650,969 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 685,516 | 746,220 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 90 percent but less than or equal to 100 percent [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 648 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,653 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6,993 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7,617 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,984 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 647,874 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 669,769 | 725,049 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 90 percent but less than or equal to 100 percent [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,237 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 4,165 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,487 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,112 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,651 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,095 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 15,747 | 21,171 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 100 percent [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,213 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 934 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 5,174 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,567 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 84,890 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 94,778 | 98,413 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 100 percent [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,213 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 934 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 5,174 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,567 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 84,890 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 94,778 | 98,413 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Greater than 100 percent [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_7
LOANS HELD FOR INVESTMENT - Corporation's Residential Mortgage Loans by Origination Year Based on Original Credit Score (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9,376,138 | 9,788,106 |
Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,011,456 | 1,989,183 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 50,615 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 79,603 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 112,795 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 156,391 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 147,353 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,707,100 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,253,857 | 3,521,954 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,836 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 38,325 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 66,452 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 99,499 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,232 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,484,618 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 2,789,962 | 3,002,203 |
Residential Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 21,779 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 41,278 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 46,343 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 56,892 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 75,121 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 222,482 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 463,895 | 519,751 |
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 321 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 709 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,239 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,827 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 130,955 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 139,051 | 150,734 |
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 321 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 709 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,239 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,827 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 130,078 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 138,174 | 149,564 |
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 877 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 877 | 1,170 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 3,114,806 | 3,371,220 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,651,788 | 2,852,639 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 463,018 | 518,581 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 77 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,524 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 309,434 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 312,130 | 329,520 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 77 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 461 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 53 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 308,917 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 309,550 | 326,190 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,063 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 517 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 2,580 | 3,330 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 5,755 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 5,697 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 7,802 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 10,659 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 13,819 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 510,000 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 553,732 | 589,729 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,078 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,130 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,555 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7,706 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 6,656 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 485,687 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 507,812 | 541,309 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,677 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,567 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,247 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,953 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 7,163 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 24,313 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 45,920 | 48,420 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 14,034 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 25,334 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 36,879 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 47,510 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 46,286 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 732,316 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 902,359 | 980,994 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 8,548 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 13,961 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 23,599 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 34,879 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 23,272 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 679,269 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 783,528 | 841,797 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 5,486 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 11,373 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 13,280 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 12,631 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 23,014 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 53,047 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 118,831 | 139,197 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 30,826 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 48,209 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 67,328 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 93,459 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 82,368 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,024,395 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,346,585 | 1,470,977 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 18,210 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,871 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 38,512 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 54,214 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37,424 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 880,667 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,050,898 | 1,143,343 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 12,616 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26,338 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 28,816 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 39,245 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 44,944 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 143,728 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | $ 295,687 | $ 327,634 |
LOANS HELD FOR INVESTMENT - C_8
LOANS HELD FOR INVESTMENT - Corporation's Consumer Loans by Origination Year Based on Original Credit Scores (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 9,376,138 | 9,788,106 |
Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,011,456 | 1,989,183 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 506,502 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 620,574 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 650,312 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 366,631 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 155,856 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 113,068 | |
Financing Receivable, Revolving | 305,010 | |
Financing Receivable, before Allowance for Credit Loss | 2,717,953 | 2,609,643 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 506,252 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 619,979 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 649,440 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 360,164 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 152,131 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 107,320 | |
Financing Receivable, Revolving | 302,329 | |
Financing Receivable, before Allowance for Credit Loss | 2,697,615 | 2,582,932 |
Consumer Portfolio Segment [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 250 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 595 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 872 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,467 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,725 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,748 | |
Financing Receivable, Revolving | 2,681 | |
Financing Receivable, before Allowance for Credit Loss | 20,338 | 26,711 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 329,193 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 398,216 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 357,429 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 201,662 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 88,755 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 55,433 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,430,688 | 1,296,424 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 329,193 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 398,216 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 356,579 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 195,236 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 85,103 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 53,612 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,417,939 | 1,278,126 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 850 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,426 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,652 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,821 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 12,749 | 18,298 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,752 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 36,885 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 38,949 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 19,778 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 8,824 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,942 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 141,130 | 137,275 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,752 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 36,885 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 38,932 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 19,189 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 8,372 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 7,510 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 139,640 | 135,006 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 17 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 589 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 452 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 432 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,490 | 2,269 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 90,111 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 120,750 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 124,277 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 76,536 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 31,864 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 18,984 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 462,522 | 439,476 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 90,111 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 120,750 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 123,895 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 73,716 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 29,760 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 17,988 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 456,220 | 430,434 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 382 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,820 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,104 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 996 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 6,302 | 9,042 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 102,791 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 123,649 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 109,591 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 63,662 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 27,126 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 15,692 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 442,511 | 397,965 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 102,791 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 123,649 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 109,330 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 61,591 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 26,221 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 15,351 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 438,933 | 392,871 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 261 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,071 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 905 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 341 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,578 | 5,094 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 107,539 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 116,932 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 84,612 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 41,686 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 20,941 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 12,815 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 384,525 | 321,708 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 107,539 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 116,932 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 84,422 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 40,740 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 20,750 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 12,763 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 383,146 | 319,815 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 190 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 946 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 191 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 52 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,379 | 1,893 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 106,443 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 127,154 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 133,865 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 94,059 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 32,812 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22,423 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 516,756 | 472,989 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 106,443 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 127,154 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 133,865 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 94,059 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 32,812 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22,423 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 516,756 | 472,989 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,336 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,844 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,657 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,253 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,399 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 486 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 14,975 | 15,182 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,336 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,844 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 4,657 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,253 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,399 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 486 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 14,975 | 15,182 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 19,823 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26,958 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32,031 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 23,037 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,383 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,330 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 115,562 | 111,180 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 19,823 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26,958 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32,031 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 23,037 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,383 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,330 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 115,562 | 111,180 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 40,873 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 50,556 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 52,472 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 39,437 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 14,520 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,557 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 207,415 | 191,846 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 40,873 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 50,556 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 52,472 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 39,437 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 14,520 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,557 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 207,415 | 191,846 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 43,411 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 46,796 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 44,705 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28,332 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 7,510 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,050 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 178,804 | 154,781 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 43,411 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 46,796 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 44,705 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 28,332 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 7,510 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,050 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 178,804 | 154,781 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 42,012 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,350 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 122,650 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 59,031 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 28,795 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22,163 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 341,001 | 372,168 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 42,003 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 66,245 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 122,628 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 59,031 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 28,795 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 22,163 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 340,865 | 372,011 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 105 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 22 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 136 | 157 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,671 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,488 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,079 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,625 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 999 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,603 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 10,465 | 11,057 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,662 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 1,463 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,077 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,625 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 999 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,603 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 10,429 | 10,950 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 25 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 36 | 107 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 5,085 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 8,092 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 19,628 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7,691 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,857 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,584 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 44,937 | 49,673 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 5,085 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 8,086 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 19,628 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 7,691 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,857 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,584 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 44,931 | 49,665 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 6 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 6 | 8 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 18,533 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 29,894 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 53,313 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 24,294 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,435 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,201 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 147,670 | 160,518 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 18,533 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 29,894 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 53,293 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 24,294 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,435 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,201 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 147,650 | 160,480 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 20 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 20 | 38 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 16,723 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26,270 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 46,077 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 24,888 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,211 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,352 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 134,521 | 146,626 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 16,723 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 26,196 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 46,077 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 24,888 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,211 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 8,352 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 134,447 | 146,622 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 74 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 74 | 4 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Unscorable [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 606 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,553 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 533 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 293 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 423 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,408 | 4,294 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Unscorable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 606 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,553 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 533 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 293 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 423 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,408 | 4,294 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 292,617 | |
Financing Receivable, before Allowance for Credit Loss | 292,617 | 319,824 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 292,617 | |
Financing Receivable, before Allowance for Credit Loss | 292,617 | 319,824 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 12,164 | |
Financing Receivable, before Allowance for Credit Loss | 12,164 | 12,978 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 12,164 | |
Financing Receivable, before Allowance for Credit Loss | 12,164 | 12,978 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 56,410 | |
Financing Receivable, before Allowance for Credit Loss | 56,410 | 60,961 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 56,410 | |
Financing Receivable, before Allowance for Credit Loss | 56,410 | 60,961 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 127,774 | |
Financing Receivable, before Allowance for Credit Loss | 127,774 | 137,563 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 127,774 | |
Financing Receivable, before Allowance for Credit Loss | 127,774 | 137,563 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 96,269 | |
Financing Receivable, before Allowance for Credit Loss | 96,269 | 103,938 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 96,269 | |
Financing Receivable, before Allowance for Credit Loss | 96,269 | 103,938 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Unscorable [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 4,384 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | Unscorable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, before Allowance for Credit Loss | 0 | 4,384 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,854 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 28,854 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 36,368 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 11,879 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,494 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,049 | |
Financing Receivable, Revolving | 12,393 | |
Financing Receivable, before Allowance for Credit Loss | 136,891 | 148,238 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 28,613 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 28,364 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 36,368 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 11,838 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 5,421 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 9,122 | |
Financing Receivable, Revolving | 9,712 | |
Financing Receivable, before Allowance for Credit Loss | 129,438 | 139,982 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 241 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 490 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 41 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 73 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,927 | |
Financing Receivable, Revolving | 2,681 | |
Financing Receivable, before Allowance for Credit Loss | 7,453 | 8,256 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Less than 620 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,035 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,375 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 7,479 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,037 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,124 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,935 | |
Financing Receivable, Revolving | 3,289 | |
Financing Receivable, before Allowance for Credit Loss | 22,274 | 23,904 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Less than 620 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 3,035 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,375 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 7,479 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,037 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,124 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,935 | |
Financing Receivable, Revolving | 3,211 | |
Financing Receivable, before Allowance for Credit Loss | 22,196 | 23,740 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Less than 620 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 78 | |
Financing Receivable, before Allowance for Credit Loss | 78 | 164 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 13,748 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 11,711 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 16,742 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 5,079 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,470 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,084 | |
Financing Receivable, Revolving | 1,869 | |
Financing Receivable, before Allowance for Credit Loss | 57,703 | 62,690 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 13,748 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 11,525 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 16,742 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 5,079 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,470 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 5,703 | |
Financing Receivable, Revolving | 1,803 | |
Financing Receivable, before Allowance for Credit Loss | 57,070 | 61,667 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 620 and less than 680 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 186 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 381 | |
Financing Receivable, Revolving | 66 | |
Financing Receivable, before Allowance for Credit Loss | 633 | 1,023 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9,580 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 10,385 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,401 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,918 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,504 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,594 | |
Financing Receivable, Revolving | 3,420 | |
Financing Receivable, before Allowance for Credit Loss | 40,802 | 40,782 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9,580 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 10,210 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,401 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,877 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,455 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,354 | |
Financing Receivable, Revolving | 3,011 | |
Financing Receivable, before Allowance for Credit Loss | 38,888 | 38,602 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 680 and less than 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 175 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 41 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 49 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,240 | |
Financing Receivable, Revolving | 409 | |
Financing Receivable, before Allowance for Credit Loss | 1,914 | 2,180 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 740 [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,491 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,383 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,746 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 845 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 396 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,436 | |
Financing Receivable, Revolving | 3,626 | |
Financing Receivable, before Allowance for Credit Loss | 15,923 | 16,424 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 740 [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,250 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 3,254 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,746 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 845 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 372 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 130 | |
Financing Receivable, Revolving | 1,498 | |
Financing Receivable, before Allowance for Credit Loss | 11,095 | 11,535 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | FICO Score Greater than or equal to 740 [Member] | Florida region [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 241 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 129 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 24 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,306 | |
Financing Receivable, Revolving | 2,128 | |
Financing Receivable, before Allowance for Credit Loss | 4,828 | 4,889 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | Unscorable [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 189 | |
Financing Receivable, before Allowance for Credit Loss | 189 | 4,438 |
Consumer Portfolio Segment [Member] | Other consumer loans [Member] | Unscorable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 189 | |
Financing Receivable, before Allowance for Credit Loss | $ 189 | $ 4,438 |
LOANS HELD FOR INVESTMENT - Col
LOANS HELD FOR INVESTMENT - Collateral Dependent Loans Individually Evaluated (Detail) - Collateral Pledged [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | $ 134,380 | $ 154,276 |
Loans individually evaluated related allowance | 26,785 | 14,071 |
Loans individually evaluated with no related specific allowance amortized cost | 103,013 | 92,527 |
Total loans individually evaluated amortized cost | 237,393 | 246,803 |
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 112,796 | 107,174 |
Loans individually evaluated related allowance | 24,700 | 10,570 |
Loans individually evaluated with no related specific allowance amortized cost | 4,024 | 9,545 |
Total loans individually evaluated amortized cost | 116,820 | 116,719 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 3,755 | 21,933 |
Loans individually evaluated related allowance | 534 | 880 |
Loans individually evaluated with no related specific allowance amortized cost | 40,572 | 25,289 |
Total loans individually evaluated amortized cost | 44,327 | 47,222 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 16,528 | 17,882 |
Loans individually evaluated related allowance | 1,312 | 1,923 |
Loans individually evaluated with no related specific allowance amortized cost | 52,811 | 51,568 |
Total loans individually evaluated amortized cost | 69,339 | 69,450 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 6,036 |
Loans individually evaluated related allowance | 0 | 500 |
Loans individually evaluated with no related specific allowance amortized cost | 5,606 | 6,125 |
Total loans individually evaluated amortized cost | 5,606 | 12,161 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 145 | 146 |
Loans individually evaluated related allowance | 2 | 2 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 145 | 146 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 1,156 | 1,105 |
Loans individually evaluated related allowance | 237 | 196 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 1,156 | 1,105 |
Puerto Rico and Virgin Islands regions [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 127,956 | 147,804 |
Loans individually evaluated related allowance | 26,095 | 13,000 |
Loans individually evaluated with no related specific allowance amortized cost | 97,680 | 87,239 |
Total loans individually evaluated amortized cost | 225,636 | 235,043 |
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 106,551 | 100,950 |
Loans individually evaluated related allowance | 24,063 | 9,582 |
Loans individually evaluated with no related specific allowance amortized cost | 1,500 | 7,145 |
Total loans individually evaluated amortized cost | 108,051 | 108,095 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 3,755 | 21,933 |
Loans individually evaluated related allowance | 534 | 880 |
Loans individually evaluated with no related specific allowance amortized cost | 40,059 | 24,728 |
Total loans individually evaluated amortized cost | 43,814 | 46,661 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 16,528 | 17,882 |
Loans individually evaluated related allowance | 1,312 | 1,923 |
Loans individually evaluated with no related specific allowance amortized cost | 50,515 | 49,241 |
Total loans individually evaluated amortized cost | 67,043 | 67,123 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 6,036 |
Loans individually evaluated related allowance | 0 | 500 |
Loans individually evaluated with no related specific allowance amortized cost | 5,606 | 6,125 |
Total loans individually evaluated amortized cost | 5,606 | 12,161 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 145 | 146 |
Loans individually evaluated related allowance | 2 | 2 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 145 | 146 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 977 | 857 |
Loans individually evaluated related allowance | 184 | 113 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 977 | 857 |
Florida region | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 6,424 | 6,472 |
Loans individually evaluated related allowance | 690 | 1,071 |
Loans individually evaluated with no related specific allowance amortized cost | 5,333 | 5,288 |
Total loans individually evaluated amortized cost | 11,757 | 11,760 |
Florida region | Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 6,245 | 6,224 |
Loans individually evaluated related allowance | 637 | 988 |
Loans individually evaluated with no related specific allowance amortized cost | 2,524 | 2,400 |
Total loans individually evaluated amortized cost | 8,769 | 8,624 |
Florida region | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 513 | 561 |
Total loans individually evaluated amortized cost | 513 | 561 |
Florida region | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 2,296 | 2,327 |
Total loans individually evaluated amortized cost | 2,296 | 2,327 |
Florida region | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 0 | 0 |
Loans individually evaluated related allowance | 0 | 0 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | 0 | 0 |
Florida region | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans individually evaluated with a specific allowance amortized cost | 179 | 248 |
Loans individually evaluated related allowance | 53 | 83 |
Loans individually evaluated with no related specific allowance amortized cost | 0 | 0 |
Total loans individually evaluated amortized cost | $ 179 | $ 248 |
LOANS HELD FOR INVESTMENT - Add
LOANS HELD FOR INVESTMENT - Additional Information (Detail) - USD ($) $ in Thousands | Aug. 05, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Accrued interest receivable | $ 63,301 | $ 63,301 | $ 69,505 | ||||||
Loans Foreclosure Delinquency Threshold | 120 days | ||||||||
Loans held for investment transferred to held for sale | $ 31,383 | $ 3,535 | |||||||
Charge-offs | 17,866 | $ 12,049 | 34,100 | 32,244 | |||||
Total Past Due | 410,418 | 410,418 | 498,303 | ||||||
Loans and Leases Receivable, Gross | 11,400,000 | $ 11,400,000 | |||||||
Minimum Period To Be Considered For Loan To Have Defaulted | 90 days | ||||||||
TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 450,078 | $ 460,204 | 496,207 | $ 450,078 | 496,207 | 479,196 | $ 497,295 | $ 487,997 | |
Outstanding unfunded commitments on TDR loans | 26 | $ 26 | |||||||
Loan Restructuring Trial Modifications Period | 6 months | ||||||||
Financing Receivable Removed From Troubled Debt Restructurings Classification | 0 | 0 | $ 6,023 | 0 | |||||
United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 16,022 | 16,022 | 20,577 | ||||||
Performing Financing Receivable [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 369,100 | 369,100 | 393,300 | ||||||
Performing Financing Receivable [Member] | Ab Note Restructure Workout Strategy [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 38,000 | 38,000 | |||||||
Performing Financing Receivable [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 6,300 | 6,300 | 6,600 | ||||||
Nonperforming Financing Receivable [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Accrued interest reversed | $ 300 | 300 | $ 1,300 | 800 | |||||
Collateral Pledged [Member] | Weighted Average [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
LTV Coverage % | 78.00% | 78.00% | |||||||
Loans and Finance Receivables [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Accrued interest receivable | $ 49,800 | $ 49,800 | 57,200 | ||||||
Loans and Finance Receivables [Member] | Puerto Rico [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Credit risk concentration | 78.00% | ||||||||
Loans and Finance Receivables [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Credit risk concentration | 18.00% | ||||||||
Loans and Finance Receivables [Member] | USVI and BVI [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Credit risk concentration | 4.00% | ||||||||
Residential Portfolio Segment [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Residential mortgage loans in process of foreclosure | 162,200 | $ 162,200 | |||||||
Loans Foreclosure Delinquency Threshold | 120 days | ||||||||
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block] | The Corporation commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent, in accordance with the requirements of the Consumer Financial Protection Bureau (“CFPB”). Foreclosure procedures and timelines vary depending on whether the property is located in a judicial or non-judicial state. Judicial states ( i.e ., Puerto Rico, Florida and the USVI) require the foreclosure to be processed through the state’s court while foreclosure in non-judicial states ( i.e., the BVI) is processed without court intervention. Foreclosure timelines vary according to local jurisdiction law and investor guidelines. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediations, bankruptcy, court delays and title issues. In Puerto Rico, Florida, and the USVI, and following the actions taken by federal agencies and GSEs ( i.e, FHA, FNMA and FHLMC), the COVID-19-related moratorium on foreclosures from properties financed by federally-backed residential mortgage loans was extended through July 31, 2021. In addition, on July 30, 2021, the FHA, FNMA, and FHLMC extended the moratorium on single-family REO evictions until September 30, 2021. Similarly, on August 3, 2021, the U.S. Center for Disease and Control (“CDC”) issued a new order extending until October 3, 2021 the moratorium on renters evictions. | ||||||||
Charge-offs | 2,927 | 1,922 | $ 5,752 | 6,357 | |||||
Residential Portfolio Segment [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans in trial | 500 | ||||||||
Residential Portfolio Segment [Member] | Government [Member] | PRHFA [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 99,900 | 99,900 | 106,500 | ||||||
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans sales | $ 54,500 | ||||||||
Residential Portfolio Segment [Member] | PCD loans [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Residential mortgage loans in process of foreclosure | 17,500 | 17,500 | |||||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 196,757 | 196,757 | 228,478 | ||||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 301,180 | 301,180 | 310,606 | ||||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 13,203 | 13,203 | 17,659 | ||||||
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Residential mortgage loans in process of foreclosure | 55,100 | 55,100 | |||||||
Loans sales | 106,800 | 84,900 | |||||||
Total Past Due | 84,278 | 84,278 | 101,466 | ||||||
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 58,300 | 58,300 | 58,700 | ||||||
Residential Portfolio Segment [Member] | Loans Insured or Guaranteed by US Government Authorities [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 250 | 250 | 250 | ||||||
Residential Portfolio Segment [Member] | FNMA and FHLC loans [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Purchase of loans | 303 | 41 | |||||||
Residential Portfolio Segment [Member] | FNMA and FHLC loans [Member] | Performing Financing Receivable [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans sales | 191,400 | 72,600 | |||||||
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Purchase of loans | 300 | 5,200 | |||||||
Total Past Due | 8,000 | 8,000 | 10,700 | ||||||
Commercial Portfolio Segment [Member] | Section 4013 [Member] | COVID-19 [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 326,400 | 326,400 | |||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 195,000 | 195,000 | 201,300 | ||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PREPA [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 13,300 | 13,300 | |||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Property Tax Revenue [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 106,900 | 106,900 | |||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Municipal Special Obligation Bond [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 37,400 | 37,400 | |||||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Puerto Rico Industrial Development Company [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 37,400 | 37,400 | |||||||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 60,500 | 60,500 | 61,800 | ||||||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | Public Corporations Member [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 37,300 | 37,300 | |||||||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | Independent Instrumentality [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans and Leases Receivable, Gross | 23,200 | 23,200 | |||||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Charge-offs | 0 | 71 | 45 | 74 | |||||
Total Past Due | 6,235 | 6,235 | 12,990 | ||||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 3,113 | 3,113 | 3,423 | ||||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 0 | 0 | 0 | ||||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Charge-offs | 81 | 18 | 875 | 146 | |||||
Total Past Due | 34,301 | 34,301 | 44,522 | ||||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 60,514 | 60,514 | 64,438 | ||||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Total Past Due | 0 | $ 0 | 0 | ||||||
Commercial Portfolio Segment [Member] | Loans and Finance Receivables [Member] | Section 4013 [Member] | COVID-19 [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Credit risk concentration | 2.87% | ||||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Charge-offs | 60 | 48 | $ 869 | 173 | |||||
Total Past Due | 42,813 | 42,813 | 37,320 | ||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans held for investment transferred to held for sale | 28,200 | ||||||||
Charge-offs | $ 700 | ||||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | Loans held for sale sold [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans sales | 24,000 | ||||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | 68,836 | 68,836 | 80,482 | ||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Loans sales | 50,000 | ||||||||
Total Past Due | 1,780 | 1,780 | $ 779 | ||||||
Consumer Portfolio Segment [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Charge-offs | 14,798 | $ 9,990 | 26,559 | $ 25,494 | |||||
Consumer Portfolio Segment [Member] | TDR [Member] | |||||||||
Loans and Leases Receivable Disclosure [Line Items] | |||||||||
Financing Receivable, Troubled Debt Restructuring | $ 16,400 | $ 16,400 |
LOANS HELD FOR INVESTMENT - Sel
LOANS HELD FOR INVESTMENT - Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type (Detail) - Entity Loan Modification Program [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | $ 450,078 | $ 460,204 | $ 479,196 | $ 496,207 | $ 497,295 | $ 487,997 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 301,180 | 310,606 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 3,113 | 3,423 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 68,836 | 80,482 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 60,514 | 64,438 | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 16,400 | |||||
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 8,410 | 11,519 | ||||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,083 | 1,144 | ||||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 928 | 924 | ||||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 3,293 | 4,302 | ||||
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,721 | 2,358 | ||||
Interest rate below market [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 21,025 | 22,176 | ||||
Interest rate below market [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 18,195 | 18,729 | ||||
Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 19 | 21 | ||||
Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 227 | 238 | ||||
Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,441 | 1,491 | ||||
Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 55 | 58 | ||||
Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,088 | 1,639 | ||||
Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Maturity or term extension [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 18,466 | 29,251 | ||||
Maturity or term extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 11,349 | 11,526 | ||||
Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,491 | 1,700 | ||||
Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,772 | 12,267 | ||||
Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,549 | 2,214 | ||||
Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 341 | 529 | ||||
Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4 | 15 | ||||
Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 7 | 9 | ||||
Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 953 | 991 | ||||
Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 263,048 | 275,665 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 206,277 | 213,412 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,434 | 1,516 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 13,444 | 14,119 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 34,396 | 37,495 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 3,526 | 4,878 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 406 | 588 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 443 | 571 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 411 | 744 | ||||
Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,711 | 2,342 | ||||
Forgiveness of principal and/or interest [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 175 | 209 | ||||
Forgiveness of principal and/or interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 165 | 193 | ||||
Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 10 | 16 | ||||
Forbearance Agreement [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 33,849 | 34,586 | ||||
Forbearance Agreement [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 222 | 223 | ||||
Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 17,403 | 17,890 | ||||
Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 16,224 | 16,473 | ||||
Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Other Loan Modifications [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 113,515 | 117,309 | ||||
Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 65,137 | 66,716 | ||||
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 169 | 186 | ||||
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 34,990 | 35,968 | ||||
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 6,904 | 6,765 | ||||
Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4,543 | 6,112 | ||||
Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 673 | 541 | ||||
Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 423 | 286 | ||||
Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 676 | 735 | ||||
Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 442,501 | 472,017 | ||||
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 296,895 | 306,937 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 3,113 | 3,423 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 68,367 | 80,258 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 58,218 | 61,823 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 8,357 | 11,449 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,083 | 1,144 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 928 | 924 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,819 | 3,701 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,721 | 2,358 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 20,066 | 21,150 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 17,236 | 17,740 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 19 | 21 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 227 | 238 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,441 | 1,491 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 55 | 58 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,088 | 1,602 | ||||
Puerto Rico and Virgin Islands regions [Member] | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 16,918 | 27,961 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 10,954 | 11,125 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,491 | 1,700 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,482 | 12,267 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 727 | 1,380 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 300 | 474 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4 | 15 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 7 | 9 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 953 | 991 | ||||
Puerto Rico and Virgin Islands regions [Member] | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 258,538 | 271,440 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 203,362 | 211,155 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,434 | 1,516 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 13,444 | 14,119 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 32,922 | 35,714 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 3,514 | 4,863 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 406 | 588 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 443 | 571 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 302 | 572 | ||||
Puerto Rico and Virgin Islands regions [Member] | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,711 | 2,342 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 175 | 209 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 165 | 193 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 10 | 16 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 33,849 | 34,586 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 222 | 223 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 17,403 | 17,890 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 16,224 | 16,473 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 112,955 | 116,671 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 65,121 | 66,694 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 169 | 186 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 34,811 | 35,744 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 6,904 | 6,765 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4,543 | 6,112 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 673 | 541 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 423 | 286 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 311 | 343 | ||||
Puerto Rico and Virgin Islands regions [Member] | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 7,577 | 7,179 | ||||
Florida region | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4,285 | 3,669 | ||||
Florida region | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 469 | 224 | ||||
Florida region | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,296 | 2,615 | ||||
Florida region | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 53 | 70 | ||||
Florida region | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 474 | 601 | ||||
Florida region | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 959 | 1,026 | ||||
Florida region | Interest rate below market [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 959 | 989 | ||||
Florida region | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 37 | ||||
Florida region | Interest rate below market [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Maturity or term extension [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,548 | 1,290 | ||||
Florida region | Maturity or term extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 395 | 401 | ||||
Florida region | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 290 | 0 | ||||
Florida region | Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 822 | 834 | ||||
Florida region | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 41 | 55 | ||||
Florida region | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Maturity or term extension [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 4,510 | 4,225 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 2,915 | 2,257 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 1,474 | 1,781 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 12 | 15 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 109 | 172 | ||||
Florida region | Combination of reduction in interest rateand extension of maturity [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forgiveness of principal and/or interest [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Forbearance Agreement [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 560 | 638 | ||||
Florida region | Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 16 | 22 | ||||
Florida region | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 179 | 224 | ||||
Florida region | Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Florida region | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | 365 | 392 | ||||
Florida region | Other Loan Modifications [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Modifications, Recorded Investment | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_9
LOANS HELD FOR INVESTMENT - Corporation's TDR Activity (Detail) - Entity Loan Modification Program [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Beginning Balance of TDRs | $ 460,204 | $ 497,295 | $ 479,196 | $ 487,997 |
New TDRs | 4,119 | 5,421 | 7,138 | 28,546 |
Increases to existing TDRs (disbursements) | 23 | 3,508 | 57 | 3,611 |
Charge-offs post modification | (586) | (1,178) | (3,495) | (3,515) |
Foreclosures | (744) | (27) | (1,610) | (1,638) |
Removed from TDR classification | 0 | 0 | (6,023) | 0 |
Paid-off and partial payments | (12,938) | (8,812) | (25,185) | (18,794) |
Ending balance of TDRs | $ 450,078 | $ 496,207 | $ 450,078 | $ 496,207 |
LOANS HELD FOR INVESTMENT - Bre
LOANS HELD FOR INVESTMENT - Breakdown Between Accrual and Nonaccrual Status of TDRs (Detail) - Entity Loan Modification Program [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | $ 369,108 | $ 393,327 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 80,970 | 85,869 | ||||
Financing Receivable, Troubled Debt Restructuring | 450,078 | $ 460,204 | 479,196 | $ 496,207 | $ 497,295 | $ 487,997 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 246,174 | 256,779 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 55,006 | 53,827 | ||||
Financing Receivable, Troubled Debt Restructuring | 301,180 | 310,606 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,372 | 2,480 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 741 | 943 | ||||
Financing Receivable, Troubled Debt Restructuring | 3,113 | 3,423 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 43,789 | 45,627 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 16,725 | 18,811 | ||||
Financing Receivable, Troubled Debt Restructuring | 60,514 | 64,438 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 63,697 | 73,649 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 5,139 | 6,833 | ||||
Financing Receivable, Troubled Debt Restructuring | 68,836 | 80,482 | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 16,400 | |||||
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 5,384 | 6,551 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 3,026 | 4,968 | ||||
Financing Receivable, Troubled Debt Restructuring | 8,410 | 11,519 | ||||
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 1,080 | 1,125 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 3 | 19 | ||||
Financing Receivable, Troubled Debt Restructuring | 1,083 | 1,144 | ||||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 914 | 920 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 14 | 4 | ||||
Financing Receivable, Troubled Debt Restructuring | 928 | 924 | ||||
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,977 | 3,838 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 316 | 464 | ||||
Financing Receivable, Troubled Debt Restructuring | 3,293 | 4,302 | ||||
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,721 | 2,358 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 2,721 | 2,358 | ||||
Puerto Rico and Virgin Islands regions [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 362,847 | 386,720 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 79,654 | 85,297 | ||||
Financing Receivable, Troubled Debt Restructuring | 442,501 | 472,017 | ||||
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 242,736 | 253,421 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 54,159 | 53,516 | ||||
Financing Receivable, Troubled Debt Restructuring | 296,895 | 306,937 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,372 | 2,480 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 741 | 943 | ||||
Financing Receivable, Troubled Debt Restructuring | 3,113 | 3,423 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 41,493 | 43,012 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 16,725 | 18,811 | ||||
Financing Receivable, Troubled Debt Restructuring | 58,218 | 61,823 | ||||
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 63,697 | 73,649 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 4,670 | 6,609 | ||||
Financing Receivable, Troubled Debt Restructuring | 68,367 | 80,258 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 5,331 | 6,481 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 3,026 | 4,968 | ||||
Financing Receivable, Troubled Debt Restructuring | 8,357 | 11,449 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 1,080 | 1,125 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 3 | 19 | ||||
Financing Receivable, Troubled Debt Restructuring | 1,083 | 1,144 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 914 | 920 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 14 | 4 | ||||
Financing Receivable, Troubled Debt Restructuring | 928 | 924 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,503 | 3,274 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 316 | 427 | ||||
Financing Receivable, Troubled Debt Restructuring | 2,819 | 3,701 | ||||
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,721 | 2,358 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 2,721 | 2,358 | ||||
Florida region | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 6,261 | 6,607 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 1,316 | 572 | ||||
Financing Receivable, Troubled Debt Restructuring | 7,577 | 7,179 | ||||
Florida region | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 3,438 | 3,358 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 847 | 311 | ||||
Financing Receivable, Troubled Debt Restructuring | 4,285 | 3,669 | ||||
Florida region | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 0 | 0 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 0 | 0 | ||||
Florida region | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 2,296 | 2,615 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 2,296 | 2,615 | ||||
Florida region | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 0 | 0 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 469 | 224 | ||||
Financing Receivable, Troubled Debt Restructuring | 469 | 224 | ||||
Florida region | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 53 | 70 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 53 | 70 | ||||
Florida region | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 0 | 0 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 0 | 0 | ||||
Florida region | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 0 | 0 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | 0 | 0 | ||||
Florida region | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 474 | 564 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 37 | ||||
Financing Receivable, Troubled Debt Restructuring | 474 | 601 | ||||
Florida region | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||||
Financing Receivable Modifications Recorded Investment Accrual Status | 0 | 0 | ||||
Financing Receivable Modifications Recorded Investment Nonaccrual Status | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - B_2
LOANS HELD FOR INVESTMENT - Breakdown Between Accrual and Nonaccrual Status of TDRs (Parenthetical) (Detail) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
TDR [Member] | ||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||
Loans forced to nonaccrual status | $ 8 | $ 5.9 |
LOANS HELD FOR INVESTMENT - L_3
LOANS HELD FOR INVESTMENT - Loan Modifications are Considered TDRs (Detail) - Entity Loan Modification Program [Member] $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($)numberofcontracts | Jun. 30, 2020USD ($)numberofcontracts | Jun. 30, 2021USD ($)numberofcontracts | Jun. 30, 2020USD ($)numberofcontracts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 188 | 106 | 360 | 379 |
Pre-Modification Outstanding Recorded Investment | $ 4,191 | $ 5,433 | $ 7,315 | $ 29,116 |
Post-Modification Outstanding Recorded Investment | $ 4,119 | $ 5,421 | $ 7,138 | $ 28,546 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 14 | 20 | 25 | 52 |
Pre-Modification Outstanding Recorded Investment | $ 1,531 | $ 1,233 | $ 2,898 | $ 4,357 |
Post-Modification Outstanding Recorded Investment | $ 1,531 | $ 1,224 | $ 2,797 | $ 3,784 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 3 | 2 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 594 | $ 3,678 | $ 594 | $ 22,064 |
Post-Modification Outstanding Recorded Investment | $ 471 | $ 3,678 | $ 471 | $ 22,064 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 0 | 4 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 493 | $ 0 | $ 658 | $ 75 |
Post-Modification Outstanding Recorded Investment | $ 532 | $ 0 | $ 697 | $ 81 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 34 | 15 | 79 | 96 |
Pre-Modification Outstanding Recorded Investment | $ 622 | $ 203 | $ 1,440 | $ 1,444 |
Post-Modification Outstanding Recorded Investment | $ 626 | $ 201 | $ 1,441 | $ 1,436 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 10 | 4 | 23 | 25 |
Pre-Modification Outstanding Recorded Investment | $ 171 | $ 70 | $ 360 | $ 354 |
Post-Modification Outstanding Recorded Investment | $ 173 | $ 70 | $ 361 | $ 354 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 17 | 3 | 23 | 16 |
Pre-Modification Outstanding Recorded Investment | $ 201 | $ 29 | $ 227 | $ 142 |
Post-Modification Outstanding Recorded Investment | $ 207 | $ 29 | $ 233 | $ 140 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 11 | 21 | 41 | 85 |
Pre-Modification Outstanding Recorded Investment | $ 49 | $ 15 | $ 174 | $ 195 |
Post-Modification Outstanding Recorded Investment | $ 49 | $ 14 | $ 174 | $ 202 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 98 | 40 | 163 | 97 |
Pre-Modification Outstanding Recorded Investment | $ 530 | $ 205 | $ 964 | $ 485 |
Post-Modification Outstanding Recorded Investment | $ 530 | $ 205 | $ 964 | $ 485 |
Puerto Rico and Virgin Islands regions [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 185 | 106 | 356 | 379 |
Pre-Modification Outstanding Recorded Investment | $ 3,317 | $ 5,433 | $ 6,120 | $ 29,116 |
Post-Modification Outstanding Recorded Investment | $ 3,245 | $ 5,421 | $ 5,943 | $ 28,546 |
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 12 | 20 | 22 | 52 |
Pre-Modification Outstanding Recorded Investment | $ 956 | $ 1,233 | $ 2,002 | $ 4,357 |
Post-Modification Outstanding Recorded Investment | $ 956 | $ 1,224 | $ 1,901 | $ 3,784 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 1 | 3 | 1 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 295 | $ 3,678 | $ 295 | $ 22,064 |
Post-Modification Outstanding Recorded Investment | $ 172 | $ 3,678 | $ 172 | $ 22,064 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 0 | 4 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 493 | $ 0 | $ 658 | $ 75 |
Post-Modification Outstanding Recorded Investment | $ 532 | $ 0 | $ 697 | $ 81 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 34 | 15 | 79 | 96 |
Pre-Modification Outstanding Recorded Investment | $ 622 | $ 203 | $ 1,440 | $ 1,444 |
Post-Modification Outstanding Recorded Investment | $ 626 | $ 201 | $ 1,441 | $ 1,436 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 10 | 4 | 23 | 25 |
Pre-Modification Outstanding Recorded Investment | $ 171 | $ 70 | $ 360 | $ 354 |
Post-Modification Outstanding Recorded Investment | $ 173 | $ 70 | $ 361 | $ 354 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 17 | 3 | 23 | 16 |
Pre-Modification Outstanding Recorded Investment | $ 201 | $ 29 | $ 227 | $ 142 |
Post-Modification Outstanding Recorded Investment | $ 207 | $ 29 | $ 233 | $ 140 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 11 | 21 | 41 | 85 |
Pre-Modification Outstanding Recorded Investment | $ 49 | $ 15 | $ 174 | $ 195 |
Post-Modification Outstanding Recorded Investment | $ 49 | $ 14 | $ 174 | $ 202 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 98 | 40 | 163 | 97 |
Pre-Modification Outstanding Recorded Investment | $ 530 | $ 205 | $ 964 | $ 485 |
Post-Modification Outstanding Recorded Investment | $ 530 | $ 205 | $ 964 | $ 485 |
Florida region | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 3 | 0 | 4 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 874 | $ 0 | $ 1,195 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 874 | $ 0 | $ 1,195 | $ 0 |
Florida region | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 0 | 3 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 575 | $ 0 | $ 896 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 575 | $ 0 | $ 896 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 1 | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 299 | $ 0 | $ 299 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 299 | $ 0 | $ 299 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - L_4
LOANS HELD FOR INVESTMENT - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) - Entity Loan Modification Program [Member] $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($)numberofcontracts | Jun. 30, 2020USD ($)numberofcontracts | Jun. 30, 2021USD ($)numberofcontracts | Jun. 30, 2020USD ($)numberofcontracts | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 30 | 40 | 69 | 93 |
Recorded Investment | $ 263 | $ 266 | $ 1,038 | $ 2,500 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 2 | 6 |
Recorded Investment | $ 0 | $ 0 | $ 178 | $ 1,889 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 35 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 7 | 9 | 36 |
Recorded Investment | $ 3 | $ 19 | $ 36 | $ 127 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 17 | 11 | 46 | 21 |
Recorded Investment | $ 174 | $ 147 | $ 731 | $ 323 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 5 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 7 |
Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 11 | 22 | 12 | 27 |
Recorded Investment | $ 86 | $ 100 | $ 93 | $ 114 |
Puerto Rico and Virgin Islands regions [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 30 | 40 | 69 | 93 |
Recorded Investment | $ 263 | $ 266 | $ 1,038 | $ 2,500 |
Puerto Rico and Virgin Islands regions [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 2 | 6 |
Recorded Investment | $ 0 | $ 0 | $ 178 | $ 1,889 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 35 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Puerto Rico and Virgin Islands regions [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 2 | 7 | 9 | 36 |
Recorded Investment | $ 3 | $ 19 | $ 36 | $ 127 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 17 | 11 | 46 | 21 |
Recorded Investment | $ 174 | $ 147 | $ 731 | $ 323 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 5 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | 0 | 0 | 0 | 1 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 7 |
Puerto Rico and Virgin Islands regions [Member] | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 11 | 22 | 12 | 27 |
Recorded Investment | $ 86 | $ 100 | $ 93 | $ 114 |
Florida region | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Auto loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Florida region | Consumer Portfolio Segment [Member] | Credit cards [Member] | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of Contracts | numberofcontracts | 0 | 0 | 0 | 0 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - L_5
LOANS HELD FOR INVESTMENT - Loan Restructuring and Effect on Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | $ 358,936 | $ 385,887 | $ 292,774 | $ 385,887 | $ 155,139 |
Impact of adopting ASC 326 | 60,900 | ||||
Provision for credit losses (benefit) expense | (26,302) | 36,408 | (40,745) | 110,453 | |
Charge-offs | (17,866) | (12,049) | (34,100) | (32,244) | |
Ending balance | 324,958 | 358,936 | 319,297 | 324,958 | 319,297 |
Commercial Portfolio Segment [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Impact of adopting ASC 326 | 38,000 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 4,915 | 5,380 | 5,253 | 5,380 | 2,370 |
Provision for credit losses (benefit) expense | (196) | 2,601 | (652) | 4,663 | |
Charge-offs | 0 | (71) | (45) | (74) | |
Ending balance | 4,757 | 4,915 | 7,800 | 4,757 | 7,800 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 99,782 | 109,342 | 33,971 | 109,342 | 39,194 |
Provision for credit losses (benefit) expense | (27,299) | 15,439 | (36,119) | 29,606 | |
Charge-offs | (81) | (18) | (875) | (146) | |
Ending balance | 72,452 | 99,782 | 49,435 | 72,452 | 49,435 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 32,087 | 37,944 | 38,310 | 37,944 | 15,198 |
Provision for credit losses (benefit) expense | (426) | (5) | (5,738) | 8,386 | |
Charge-offs | (60) | (48) | (869) | (173) | |
Ending balance | 37,470 | 32,087 | 38,310 | 37,470 | 38,310 |
Entity Loan Modification Program [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 460,204 | 479,196 | 497,295 | 479,196 | 487,997 |
Increases to existing TDRs (disbursements) | 23 | 3,508 | 57 | 3,611 | |
Charge-offs post modification | (586) | (1,178) | (3,495) | (3,515) | |
Paid-off and partial payments | (12,938) | (8,812) | (25,185) | (18,794) | |
Ending balance of TDRs | 450,078 | 460,204 | 496,207 | 450,078 | 496,207 |
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 3,423 | 3,423 | |||
Ending balance of TDRs | 3,113 | 3,113 | |||
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 64,438 | 64,438 | |||
Paid-off and partial payments | (92,400) | ||||
Ending balance of TDRs | 60,514 | 60,514 | |||
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 80,482 | 80,482 | |||
Ending balance of TDRs | 68,836 | 68,836 | |||
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 44,865 | 45,087 | 50,906 | 45,087 | 51,228 |
Increases to existing TDRs (disbursements) | 0 | 405 | |||
Charge-offs post modification | (100) | 0 | |||
Paid-off and partial payments | (422) | (53) | (544) | (375) | |
Ending balance of TDRs | 44,443 | 44,865 | 51,258 | 44,443 | 51,258 |
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 0 | 401 | 3,117 | 401 | 3,530 |
Provision for credit losses (benefit) expense | 0 | 967 | (301) | 880 | |
Ending balance | 0 | 0 | 4,084 | 0 | 4,084 |
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Increases to existing TDRs (disbursements) | 0 | 405 | |||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Charge-offs | (100) | 0 | |||
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Impact of adopting ASC 326 | 0 | (326) | |||
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 1,519 | 1,562 | 1,858 | 1,562 | 1,883 |
Increases to existing TDRs (disbursements) | 0 | 34 | 0 | 34 | |
Charge-offs post modification | 0 | 0 | |||
Paid-off and partial payments | (43) | 0 | (86) | (25) | |
Ending balance of TDRs | 1,476 | 1,519 | 1,892 | 1,476 | 1,892 |
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 0 | 0 | 0 | 0 | 0 |
Provision for credit losses (benefit) expense | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | |||
Ending balance | 0 | 0 | 0 | 0 | 0 |
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Impact of adopting ASC 326 | 0 | 0 | |||
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 16,298 | 16,475 | 22,652 | 16,475 | 22,749 |
Increases to existing TDRs (disbursements) | 0 | 0 | 0 | 0 | |
Charge-offs post modification | (100) | 0 | |||
Paid-off and partial payments | (73) | (53) | (150) | (150) | |
Ending balance of TDRs | 16,225 | 16,298 | 22,599 | 16,225 | 22,599 |
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 0 | 0 | 3,116 | 0 | 3,516 |
Provision for credit losses (benefit) expense | 0 | 530 | 100 | 545 | |
Charge-offs | (100) | 0 | |||
Ending balance | 0 | 0 | 3,646 | 0 | 3,646 |
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Impact of adopting ASC 326 | 0 | (415) | |||
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Financing Receivable, Troubled Debt Restructuring [Abstract] | |||||
Beginning Balance of TDRs | 27,048 | 27,050 | 26,396 | 27,050 | 26,596 |
Increases to existing TDRs (disbursements) | 0 | 371 | 0 | 371 | |
Charge-offs post modification | 0 | 0 | |||
Paid-off and partial payments | (306) | 0 | (308) | (200) | |
Ending balance of TDRs | 26,742 | 27,048 | 26,767 | 26,742 | 26,767 |
Loans And Leases Receivable Disclosure [Abstract] | |||||
Beginning balance | 0 | 401 | 1 | 401 | 14 |
Provision for credit losses (benefit) expense | 0 | 437 | (401) | 335 | |
Charge-offs | 0 | 0 | |||
Ending balance | $ 0 | $ 0 | $ 438 | 0 | 438 |
Entity Loan Modification Program [Member] | Ab Note Restructure Workout Strategy [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | |||||
Loans And Leases Receivable Disclosure [Abstract] | |||||
Impact of adopting ASC 326 | $ 0 | $ 89 |
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, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jan. 01, 2020 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | $ 358,936 | $ 385,887 | $ 292,774 | $ 385,887 | $ 155,139 | |
Provision for credit losses (benefit) expense | (26,302) | 36,408 | (40,745) | 110,453 | ||
Charge-offs | (17,866) | (12,049) | (34,100) | (32,244) | ||
Recoveries | 10,190 | 2,164 | 13,916 | 4,784 | ||
Ending balance | 324,958 | 358,936 | 319,297 | 324,958 | 319,297 | |
ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | $ 81,165 | |||||
Residential Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | 114,044 | 120,311 | 107,082 | 120,311 | 44,806 | |
Provision for credit losses (benefit) expense | 825 | 6,162 | (3,350) | 22,380 | ||
Charge-offs | (2,927) | (1,922) | (5,752) | (6,357) | ||
Recoveries | 940 | 128 | 1,673 | 784 | ||
Ending balance | 112,882 | 114,044 | 111,450 | 112,882 | 111,450 | |
Residential Portfolio Segment [Member] | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | 49,837 | |||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | 32,087 | 37,944 | 38,310 | 37,944 | 15,198 | |
Provision for credit losses (benefit) expense | (426) | (5) | (5,738) | 8,386 | ||
Charge-offs | (60) | (48) | (869) | (173) | ||
Recoveries | 5,869 | 53 | 6,133 | 168 | ||
Ending balance | 37,470 | 32,087 | 38,310 | 37,470 | 38,310 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | 14,731 | |||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | 99,782 | 109,342 | 33,971 | 109,342 | 39,194 | |
Provision for credit losses (benefit) expense | (27,299) | 15,439 | (36,119) | 29,606 | ||
Charge-offs | (81) | (18) | (875) | (146) | ||
Recoveries | 50 | 43 | 104 | 87 | ||
Ending balance | 72,452 | 99,782 | 49,435 | 72,452 | 49,435 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | (19,306) | |||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | 4,915 | 5,380 | 5,253 | 5,380 | 2,370 | |
Provision for credit losses (benefit) expense | (196) | 2,601 | (652) | 4,663 | ||
Charge-offs | 0 | (71) | (45) | (74) | ||
Recoveries | 38 | 17 | 74 | 44 | ||
Ending balance | 4,757 | 4,915 | 7,800 | 4,757 | 7,800 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | 797 | |||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Beginning balance | 108,108 | 112,910 | 108,158 | 112,910 | 53,571 | |
Provision for credit losses (benefit) expense | 794 | 12,211 | 5,114 | 45,418 | ||
Charge-offs | (14,798) | (9,990) | (26,559) | (25,494) | ||
Recoveries | 3,293 | 1,923 | 5,932 | 3,701 | ||
Ending balance | $ 97,397 | $ 108,108 | $ 112,302 | $ 97,397 | $ 112,302 | |
Consumer Portfolio Segment [Member] | ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Impact of adopting ASC 326 on Loans and Finance leases | $ 35,106 |
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, 2021 | Dec. 31, 2020 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 11,387,594 | $ 11,777,289 | ||||
Allowance for credit losses on loans and finance leases | $ 324,958 | $ 385,887 | $ 358,936 | $ 319,297 | $ 292,774 | $ 155,139 |
Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 2.85% | 3.28% | ||||
Residential mortgage loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 3,253,857 | $ 3,521,954 | ||||
Allowance for credit losses on loans and finance leases | 112,882 | 120,311 | 114,044 | 111,450 | 107,082 | 44,806 |
Residential mortgage loans [Member] | Loans held for investmet [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 3,253,857 | $ 3,521,954 | ||||
Residential mortgage loans [Member] | Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 3.47% | 3.42% | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 3,083,863 | $ 3,202,590 | ||||
Allowance for credit losses on loans and finance leases | 37,470 | 37,944 | 32,087 | 38,310 | 38,310 | 15,198 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loans held for investmet [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 3,083,863 | $ 3,202,590 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 1.22% | 1.18% | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 2,154,889 | $ 2,230,602 | ||||
Allowance for credit losses on loans and finance leases | 72,452 | 109,342 | 99,782 | 49,435 | 33,971 | 39,194 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loans held for investmet [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 2,154,889 | $ 2,230,602 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 3.36% | 4.90% | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 177,032 | $ 212,500 | ||||
Allowance for credit losses on loans and finance leases | 4,757 | 5,380 | 4,915 | 7,800 | 5,253 | 2,370 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loans held for investmet [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 177,032 | $ 212,500 | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 2.69% | 2.53% | ||||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 2,717,953 | $ 2,609,643 | ||||
Allowance for credit losses on loans and finance leases | 97,397 | 112,910 | $ 108,108 | $ 112,302 | $ 108,158 | $ 53,571 |
Consumer Portfolio Segment [Member] | Loans held for investmet [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 2,717,953 | $ 2,609,643 | ||||
Consumer Portfolio Segment [Member] | Allowance for credit losses, numerator [Member] | Amortized cost, denominator [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Allowance for credit losses to amortized cost | 3.58% | 4.33% |
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, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Apr. 01, 2021 | Jan. 01, 2021 | Apr. 01, 2020 | Jan. 01, 2020 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Beginning Balance | $ 4,399 | $ 5,741 | $ 5,105 | $ 0 | ||||
Provision (release) for credit losses | (1,669) | 1,343 | (2,375) | 3,162 | ||||
Ending balance | $ 2,730 | $ 7,084 | $ 2,730 | $ 7,084 | ||||
ASC 326 | Cumulative Effect Period Of Adoption Adjustment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Impact of adopting ASC 326 on unfunded loan commitments and standby letters of credit | $ 0 | $ 0 | $ 0 | $ 3,922 |
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, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | $ 324,958 | $ 319,297 | $ 324,958 | $ 319,297 | $ 358,936 | $ 385,887 | $ 292,774 | $ 155,139 |
Increase (decrease) in ACL | 60,900 | |||||||
Provision for credit losses (benefit) expense | (26,302) | 36,408 | (40,745) | 110,453 | ||||
ACL for unfunded loan commitments and standby letters of credit | 2,730 | 7,084 | 2,730 | 7,084 | 4,399 | 5,105 | 5,741 | 0 |
Provision (release) for credit losses on unfunded loan commitments and standby letters of credit | (1,669) | 1,343 | (2,375) | 3,162 | ||||
Loans held for investment | 11,387,594 | 11,387,594 | 11,777,289 | |||||
Residential Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | 112,882 | 111,450 | 112,882 | 111,450 | 114,044 | 120,311 | 107,082 | 44,806 |
Increase (decrease) in ACL | 7,400 | |||||||
Provision for credit losses (benefit) expense | 825 | 6,162 | (3,350) | 22,380 | ||||
Net charge-offs | 4,100 | |||||||
Loans held for investment | 3,253,857 | 3,253,857 | 3,521,954 | |||||
Commercial Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Increase (decrease) in ACL | 38,000 | |||||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | 37,470 | 38,310 | 37,470 | 38,310 | 32,087 | 37,944 | 38,310 | 15,198 |
Provision for credit losses (benefit) expense | (426) | (5) | (5,738) | 8,386 | ||||
Loans held for investment | 3,083,863 | 3,083,863 | 3,202,590 | |||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | 72,452 | 49,435 | 72,452 | 49,435 | 99,782 | 109,342 | 33,971 | 39,194 |
Provision for credit losses (benefit) expense | (27,299) | 15,439 | (36,119) | 29,606 | ||||
Loans held for investment | 2,154,889 | 2,154,889 | 2,230,602 | |||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | 4,757 | 7,800 | 4,757 | 7,800 | 4,915 | 5,380 | 5,253 | 2,370 |
Provision for credit losses (benefit) expense | (196) | 2,601 | (652) | 4,663 | ||||
Loans held for investment | 177,032 | 177,032 | 212,500 | |||||
Consumer Portfolio Segment [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Allowance for credit losses on loans and finance leases | 97,397 | 112,302 | 97,397 | 112,302 | $ 108,108 | 112,910 | $ 108,158 | $ 53,571 |
Increase (decrease) in ACL | 15,500 | |||||||
Provision for credit losses (benefit) expense | 794 | $ 12,211 | 5,114 | $ 45,418 | ||||
Net charge-offs | 20,600 | |||||||
Loans held for investment | 2,717,953 | 2,717,953 | 2,609,643 | |||||
COVID-19 [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | US Government Insured Loan Program [Member] | ||||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||||
Loans held for investment | $ 349,300 | $ 349,300 | $ 406,000 |
LOANS HELD FOR SALE - Portfolio
LOANS HELD FOR SALE - Portfolio of Loans Held for Sale (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Accounts Notes And Loans Receivable [Line Items] | ||
Loans Receivable Held For Sale Net | $ 32,699 | $ 50,289 |
Residential Portfolio Segment [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Loans Receivable Held For Sale Net | 28,695 | 50,289 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Loans Receivable Held For Sale Net | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Loans Receivable Held For Sale Net | 4,004 | 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Loans Receivable Held For Sale Net | $ 0 | $ 0 |
LOANS HELD FOR SALE - Additiona
LOANS HELD FOR SALE - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Accounts Notes And Loans Receivable [Line Items] | |||||
Loans held for investment transferred to held for sale | $ 31,383 | $ 3,535 | |||
Charge-offs | $ (17,866) | $ (12,049) | (34,100) | (32,244) | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Accounts Notes And Loans Receivable [Line Items] | |||||
Charge-offs | $ (60) | $ (48) | (869) | $ (173) | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Criticized [Member] | |||||
Accounts Notes And Loans Receivable [Line Items] | |||||
Loans held for investment transferred to held for sale | $ 28,200 | ||||
Charge-offs | $ (700) | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loans held for sale sold [Member] | Criticized [Member] | |||||
Accounts Notes And Loans Receivable [Line Items] | |||||
Loans sales | $ 24,000 |
OTHER REAL ESTATE OWNED- Other
OTHER REAL ESTATE OWNED- Other real estate owned (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Real Estate Properties [Line Items] | ||
Other real estate owned (OREO) | $ 66,586 | $ 83,060 |
Other Real Estate Owned [Member] | ||
Real Estate Properties [Line Items] | ||
Other real estate owned (OREO) | 66,586 | 83,060 |
Other Real Estate Owned [Member] | Residential | ||
Real Estate Properties [Line Items] | ||
Other real estate owned (OREO) | 29,172 | 32,418 |
Other Real Estate Owned [Member] | Commercial loans[Member] | Commercial And Industrial Sector [Member] | ||
Real Estate Properties [Line Items] | ||
Other real estate owned (OREO) | 31,494 | 44,356 |
Other Real Estate Owned [Member] | Commercial loans[Member] | Construction Loans [Member] | ||
Real Estate Properties [Line Items] | ||
Other real estate owned (OREO) | $ 5,920 | $ 6,286 |
OTHER REAL ESTATE OWNED- Additi
OTHER REAL ESTATE OWNED- Additional information (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 235,698 | $ 272,737 |
Other Real Estate Owned [Member] | ||
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 18,500 | $ 18,600 |
LEASES - Supplemental Balance S
LEASES - Supplemental Balance Sheet Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Operating lease right-of-use asset | $ 97,047 | $ 103,186 |
Operating lease liabilities | $ 100,469 | $ 106,502 |
Operating lease weighted average remaining lease term | 8 years 2 months 12 days | 8 years 6 months |
Operating lease weighted average discount rate | 2.25% | 2.25% |
LEASES - Supplemental Cash Flow
LEASES - Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Leases [Abstract] | ||
Operating cash flow from operating leases | $ 9,817 | $ 5,119 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ 2,610 | $ 274 |
LEASES - Maturities Under Lease
LEASES - Maturities Under Lease Liability (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
2021 | $ 9,504 | |
2022 | 18,228 | |
2023 | 16,301 | |
2024 | 14,790 | |
2025 | 13,646 | |
2026 and after | 39,392 | |
Total lease payments | 111,861 | |
Less: imputed interest | (11,392) | |
Operating lease liabilities | $ 100,469 | $ 106,502 |
LEASES - Additional Information
LEASES - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Lessee, Lease, Description [Line Items] | ||||
Finance lease | $ 0 | $ 0 | ||
Operating lease cost | $ 5,600,000 | $ 2,600,000 | $ 10,600,000 | $ 5,200,000 |
Minimum [Member] | ||||
Lessee, Lease, Description [Line Items] | ||||
Lease terms | 2 years | 2 years | ||
Maximum [Member] | ||||
Lessee, Lease, Description [Line Items] | ||||
Lease terms | 30 years | 30 years | ||
Option to extend | 7 years | 7 years |
DERIVATIVE INSTRUMENTS AND HE_3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amounts of All Derivative Instruments (Detail) - Not Designated as Hedging Instrument, Economic Hedge [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Economic undesignated hedges: | ||
Notional amount of derivatives | $ 98,085 | $ 126,793 |
Interest Rate Lock Commitments [Member] | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | 14,811 | 19,931 |
Forward loan sales commitments [Member] | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | 10,046 | 19,998 |
Sale of TBA GNMA MBS pools [Member] | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | 30,000 | 42,000 |
Interest Rate Cap [Member] | Written | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | 14,500 | 14,500 |
Interest Rate Cap [Member] | Purchase | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | 14,500 | 14,500 |
Interest Rate Swap [Member] | ||
Economic undesignated hedges: | ||
Notional amount of derivatives | $ 14,228 | $ 15,864 |
DERIVATIVE INSTRUMENTS AND HE_4
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Derivatives Fair Value [Line Items] | ||
Other Assets | $ 235,698 | $ 272,737 |
Accounts payable and other liabilities | 291,254 | 276,747 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset Derivative | 1,830 | 2,482 |
Liability Derivatives | 1,426 | 1,920 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Sale of TBA GNMA MBS pools [Member] | ||
Derivatives Fair Value [Line Items] | ||
Other Assets | 0 | 102 |
Accounts payable and other liabilities | 110 | 280 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Loan Origination Commitments [Member] | ||
Derivatives Fair Value [Line Items] | ||
Other Assets | 20 | 20 |
Accounts payable and other liabilities | 0 | 0 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Lock Commitments [Member] | ||
Derivatives Fair Value [Line Items] | ||
Other Assets | 493 | 737 |
Accounts payable and other liabilities | 0 | 0 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Cap [Member] | Written | ||
Derivatives Fair Value [Line Items] | ||
Other Assets | 0 | 0 |
Accounts payable and other liabilities | 5 | 1 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Cap [Member] | Purchase | ||
Derivatives Fair Value [Line Items] | ||
Other Assets | 5 | 1 |
Accounts payable and other liabilities | 0 | 0 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Swap [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset Derivative | 1,312 | 1,622 |
Liability Derivatives | $ 1,311 | $ 1,639 |
DERIVATIVE INSTRUMENTS AND HE_5
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on Statement of Income (Loss) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Derivative Instruments Gain Loss [Line Items] | ||||
Interest Income Loans | $ (182,834) | $ (143,795) | $ (362,807) | $ (290,921) |
Mortgage banking activities | 6,404 | 3,686 | 13,677 | 7,474 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | ||||
Economic undesignated hedges: | ||||
Total gain (loss) on derivatives | (497) | 1,416 | (364) | 660 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Sale of TBA GNMA MBS pools [Member] | Mortgage Banking [Member] | ||||
Economic undesignated hedges: | ||||
Total gain (loss) on derivatives | (270) | 669 | 82 | 4 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Lock Commitments [Member] | Mortgage Banking [Member] | ||||
Economic undesignated hedges: | ||||
Total gain (loss) on derivatives | (220) | 747 | (464) | 656 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Swap [Member] | Interest Income [Member] | ||||
Economic undesignated hedges: | ||||
Total gain (loss) on derivatives | $ (7) | $ 0 | $ 18 | $ 0 |
OFFESTTING OF ASSETS AND LIABIL
OFFESTTING OF ASSETS AND LIABILITIES - Offsetting of financial assets and liabilities (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Offsetting [Abstract] | ||
Gross amount recognized of derivative asset | $ 5 | $ 89 |
Gross amount of derivatives assets offset | 0 | 0 |
Net asset amount of assets presented in the Statement of Financial Condition | 5 | 89 |
Obligation to return Financial instrument, derivatives assets | 0 | 0 |
Obligation to return Cash Collateral, derivative assets | (5) | (89) |
Net derivative asset amount not offset | 0 | 0 |
Gross amount recognized of derivative liabilities | 1,421 | 1,919 |
Gross amount of derivative liabilities offset | 0 | 0 |
Net derivative liability amount offset presented | 1,421 | 1,919 |
Right to claim Financial instrument, derivatives liabilities | (200) | (1,919) |
Right to claim Cash Collateral, derivatives liabilities | (1,221) | 0 |
Net derivatives liability amount not offset | 0 | 0 |
Gross amount recognized of repurchase agreements | 300,000 | 300,000 |
Gross amount of repurchase agreements offset | 0 | 0 |
Net repurchase agreements amount offset presented | 300,000 | 300,000 |
Right to claim Financial instrument, repurchase agreements | (300,000) | (300,000) |
Right to claim Cash Collateral, repurchase agreements | 0 | 0 |
Net repurchase agreements amount not offset | 0 | 0 |
Securities Purchased Under Agreements To Resell Gross | 0 | 0 |
Securities Purchased Under Agreements To Resell Liability | 0 | 0 |
Securities Purchased Under Agreements To Resell Not Offset | 0 | 0 |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Securities | 0 | 0 |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash | 0 | 0 |
Securities Purchased Under Agreements To Resell Amount Offset Against Collateral | 0 | 0 |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross | 5 | 89 |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability | 0 | 0 |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability Not Offset | 5 | 89 |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities | 0 | 0 |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash | (5) | (89) |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral | 0 | 0 |
Derivative Fair Value Of Derivative Liability | 1,421 | 1,919 |
Derivative Liability Fair Value Gross Asset | 0 | 0 |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral | 1,421 | 1,919 |
Derivative Collateral Right To Reclaim Securities | 200 | 1,919 |
Derivative Collateral Right To Reclaim Cash | (1,221) | 0 |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral | 0 | 0 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross | 301,421 | 301,919 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset | 0 | 0 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned | 301,421 | 301,919 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities | 300,200 | 301,919 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash | (1,221) | 0 |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral | $ 0 | $ 0 |
GOODWILL AND OTHER INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finite Lived Intangible Assets [Line Items] | ||||||
Goodwill | $ 38,611 | $ 38,611 | $ 38,632 | $ 28,098 | ||
Amortization | 5,829 | $ 1,425 | ||||
Goodwill and Intangible Asset Impairment | 0 | |||||
Intangibles | 35,512 | 35,512 | 40,893 | |||
United States Operations Segment [Member] | ||||||
Finite Lived Intangible Assets [Line Items] | ||||||
Goodwill | 28,098 | 28,098 | 28,098 | $ 28,098 | ||
Core Deposits [Member] | ||||||
Finite Lived Intangible Assets [Line Items] | ||||||
Amortization | 1,900 | $ 200 | 3,900 | 400 | ||
Intangibles | 32,416 | 32,416 | 35,842 | |||
Customer Relationships [Member] | Credit Card [Member] | ||||||
Finite Lived Intangible Assets [Line Items] | ||||||
Amortization | 900 | 500 | 1,900 | 900 | ||
Intangibles | 2,855 | 2,855 | 4,733 | |||
Customer Relationships [Member] | Insurance Customer Intangible [Member] | ||||||
Finite Lived Intangible Assets [Line Items] | ||||||
Amortization | 38 | $ 38 | 76 | $ 76 | ||
Intangibles | 241 | 241 | $ 318 | |||
Santander [Member] | ||||||
Finite Lived Intangible Assets [Line Items] | ||||||
Goodwill | $ 10,500 | $ 10,500 |
GOODWILL AND OTHER INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLES - Goowill by Segment (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Goodwill [Line Items] | ||
Beginning balance | $ 38,632 | $ 28,098 |
Merger and acquisitions | 6,303 | |
Adjustments | (21) | 4,231 |
Ending balance | 38,611 | 38,632 |
Mortgage Banking [Member] | ||
Goodwill [Line Items] | ||
Beginning balance | 959 | 0 |
Merger and acquisitions | 574 | |
Adjustments | 53 | 385 |
Ending balance | 1,012 | 959 |
Consumer Retail Banking Segment [Member] | ||
Goodwill [Line Items] | ||
Beginning balance | 1,327 | 0 |
Merger and acquisitions | 794 | |
Adjustments | 74 | 533 |
Ending balance | 1,401 | 1,327 |
Commercial And Corporate Segment [Member] | ||
Goodwill [Line Items] | ||
Beginning balance | 8,248 | 0 |
Merger and acquisitions | 4,935 | |
Adjustments | (148) | 3,313 |
Ending balance | 8,100 | 8,248 |
United States Operations Segment [Member] | ||
Goodwill [Line Items] | ||
Beginning balance | 28,098 | 28,098 |
Merger and acquisitions | 0 | |
Adjustments | 0 | 0 |
Ending balance | $ 28,098 | $ 28,098 |
GOODWILL AND OTHER INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Finite Lived Intangible Assets [Line Items] | ||
Net carrying amount | $ 35,512 | $ 40,893 |
Core Deposits [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | 87,544 | 87,096 |
Accumulated amortization | (55,128) | (51,254) |
Net carrying amount | $ 32,416 | $ 35,842 |
Remaining amortization period | 8 years 6 months | 9 years |
Customer Relationships [Member] | Credit Card [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | $ 28,265 | $ 28,265 |
Accumulated amortization | (25,410) | (23,532) |
Net carrying amount | $ 2,855 | $ 4,733 |
Remaining amortization period | 2 years 2 months 12 days | 2 years 8 months 12 days |
Customer Relationships [Member] | Insurance Customer Intangible [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | $ 1,067 | $ 1,067 |
Accumulated amortization | 826 | 749 |
Net carrying amount | $ 241 | $ 318 |
Remaining amortization period | 1 year 7 months 6 days | 2 years 1 month 6 days |
GOODWILL AND OTHER INTANGIBLE_5
GOODWILL AND OTHER INTANGIBLES - Yearly Amortization Expense (Detail) $ in Thousands | Jun. 30, 2021USD ($) |
Goodwill And Intangible Assets Disclosure [Abstract] | |
2021 | $ 5,577 |
2022 | 8,816 |
2023 | 7,736 |
2024 | 6,416 |
2025 | 3,509 |
2026 and after | $ 3,458 |
NON-CONSOLIDATED VARIABLE INT_3
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Transfers and Servicing [Abstract] | ||||
Balance at beginning of period | $ 32,710 | $ 26,484 | $ 33,071 | $ 26,762 |
Capitalization of servicing assets | 1,550 | 666 | 2,900 | 1,570 |
Amortization | (1,920) | (1,205) | (3,557) | (2,214) |
Temporary impairment (charges) recoveries, net | 30 | 95 | 37 | (43) |
Adjustment for loans repurchased | (35) | 0 | (116) | (35) |
Balance at end of period | $ 32,335 | $ 26,040 | $ 32,335 | $ 26,040 |
NON-CONSOLIDATED VARIABLE INT_4
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Transfers and Servicing [Abstract] | ||||
Balance at beginning of period | $ 195 | $ 134 | $ 202 | $ 73 |
Temporary impairment charges | 0 | 0 | 0 | 138 |
OTTI of servicing assets | 0 | 0 | 0 | (77) |
Recoveries | (30) | (95) | (37) | (95) |
Balance at end of period | $ 165 | $ 39 | $ 165 | $ 39 |
NON-CONSOLIDATED VARIABLE INT_5
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Transfers and Servicing [Abstract] | ||||
Servicing fees | $ 3,018 | $ 1,869 | $ 5,933 | $ 4,003 |
Late charges and prepayment penalties | 217 | 108 | 456 | 258 |
Adjustment for loans repurchased | (35) | 0 | (116) | (35) |
Servicing income, gross | 3,200 | 1,977 | 6,273 | 4,226 |
Amortization and impairment of servicing assets | (1,890) | (1,110) | (3,520) | (2,257) |
Servicing income, net | $ 1,310 | $ 867 | $ 2,753 | $ 1,969 |
NON-CONSOLIDATED VARIABLE INT_6
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans (Detail) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Government-guaranteed mortgage loans [Member] | Maximum [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 | 6.30% | 6.30% |
Discount rate | 12.00% | 12.00% |
Government-guaranteed mortgage loans [Member] | Minimum [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 | 6.30% | 6.20% |
Discount rate | 12.00% | 12.00% |
Conventional Loan [Member] | Maximum [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% | 7.00% |
Discount rate | 10.00% | 10.00% |
Conventional Loan [Member] | Minimum [Member] | ||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | ||
Constant prepayment rate | 6.60% | 6.90% |
Discount rate | 10.00% | 10.00% |
Conventional Non Conforming Mortgage Loans [Member] | Maximum [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 | 8.60% | 9.20% |
Discount rate | 13.70% | 14.30% |
Conventional Non Conforming Mortgage Loans [Member] | Minimum [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 | 8.30% | 8.70% |
Discount rate | 13.60% | 14.10% |
NON-CONSOLIDATED VARIABLE INT_7
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2021 | Dec. 31, 2020 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Transfers and Servicing [Abstract] | ||||||
Carrying amount of servicing assets | $ 32,335 | $ 33,071 | $ 32,710 | $ 26,040 | $ 26,484 | $ 26,762 |
Fair value | $ 41,244 | $ 40,294 | ||||
Weighted-average expected life | 8 years 3 days | 7 years 10 months 9 days | ||||
Constant prepayment rate | 6.51% | 6.73% | ||||
Decrease in fair value due to 10% adverse change, constant prepayment rate | $ 1,005 | $ 1,006 | ||||
Decrease in fair value due to 20% adverse change, constant prepayment rate | $ 1,968 | $ 1,970 | ||||
Discount rate | 11.18% | 11.20% | ||||
Decrease in fair value due to 10% adverse change, discount rate | $ 1,819 | $ 1,772 | ||||
Decrease in fair value due to 20% adverse change, discount rate | $ 3,498 | $ 3,409 |
NON-CONSOLIDATED VARIABLE INT_8
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | 6 Months Ended | ||||||
Feb. 16, 2011 | Apr. 30, 2004 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Carrying amount of servicing assets | $ 32,335 | $ 32,710 | $ 33,071 | $ 26,040 | $ 26,484 | $ 26,762 | ||
Servicing Asset at Fair Value, Amount | $ 41,244 | $ 40,294 | ||||||
Weighted-average yield | 1.08% | 1.28% | ||||||
Allowance for Credit Losses | $ 1,166 | $ 1,310 | ||||||
Loans and Leases Receivable, Gross | $ 11,400,000 | |||||||
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. | |||||||
Cpg Gs [Member] | Commercial Portfolio Segment [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Loans sold to CPG | $ 269,300 | |||||||
Loans and Leases Receivable, Gross | 136,100 | |||||||
Cpg Gs [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Cash realized on sale of loan | $ 88,500 | |||||||
Acquired Equity interest on disposal of loans held for sale | 35.00% | |||||||
Cpg Gs [Member] | Prlp [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Payment to be made on pro rata basis | 35.00% | |||||||
Cpg Gs [Member] | FirstBank [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Payment to be made on pro rata basis | 65.00% | |||||||
Maximum [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Variation In Assumptions | 20.00% | |||||||
Minimum [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Variation In Assumptions | 10.00% | |||||||
Minimum [Member] | Cpg Gs [Member] | Prlp [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Priority Interest To Be Received On Invested Capital | 12.00% | |||||||
Variable Rate Demand Obligation [Member] | Junior Subordinated Deferrable Debentures [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Debt Instrument, Maturity Date, Description | The Junior Subordinated Deferrable Debentures issued by the Corporation in April 2004 and September 2004 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). | |||||||
MBS [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Weighted-average yield | 1.27% | 1.47% | ||||||
Allowance for Credit Losses | $ 858 | $ 1,002 | ||||||
MBS [Member] | Private label [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Carrying amount of servicing assets | 11,200 | |||||||
Servicing Asset at Fair Value, Amount | $ 7,900 | |||||||
Weighted-average yield | 2.13% | |||||||
Allowance for Credit Losses | $ 900 | $ 1,000 | ||||||
MBS [Member] | Private label [Member] | LIBOR [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Debt Instrument Description Of Variable Rate Basis | 90-day LIBOR | |||||||
Statutory Trust One [Member] | Variable Rate Demand Obligation [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 | |||||||
Statutory Trust Two [Member] | Variable Rate Demand Obligation [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 | |||||||
GNMA [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Principal amount of corporation serviced loans securitized through GNMA | $ 2,100,000 |
LOANS PAYABLE - Federal Reserve
LOANS PAYABLE - Federal Reserve Advances (Detail) $ in Billions | Jun. 30, 2021USD ($) |
Short Term Debt [Line Items] | |
Federal Reserve Bank Amount Of Available Unused Funds | $ 1.1 |
Federal Reserve Bank Advances [Member] | |
Short Term Debt [Line Items] | |
Loans Pledged as Collateral | $ 1.7 |
DEPOSITS - Summary of Deposit B
DEPOSITS - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Deposits [Abstract] | ||
Non-interest bearing checking accounts | $ 6,258,463 | $ 4,546,123 |
Savings accounts | 5,056,071 | 4,088,969 |
Interest-bearing checking accounts | 4,023,098 | 3,651,806 |
Certificates of deposit | 2,594,703 | 2,814,313 |
Brokered certificates of deposit | 137,656 | 216,172 |
Total deposits | $ 18,069,991 | $ 15,317,383 |
DEPOSITS - Brokered Certificate
DEPOSITS - Brokered Certificates Of Deposit Mature (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Deposits [Abstract] | ||
Brokered Certificates Of Deposit Mature In One To Ninety Days | $ 29,132 | |
Brokered Certificates Of Deposit Mature In Over Three Months To Six Months | 8,184 | |
Brokered Certificates Of Deposit Mature In Over Six Months To One Year | 26,335 | |
Brokered Certificates Of Deposit Mature In One To Three Years | 53,313 | |
Brokered Certificates Of Deposit Mature In Three To Five Years | 20,692 | |
Total | $ 137,656 | $ 216,172 |
DEPOSITS - Components of Intere
DEPOSITS - Components of Interest Expense on Deposits (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Deposits [Abstract] | ||||
Interest expense on deposits | $ 11,117 | $ 16,845 | $ 23,842 | $ 36,342 |
Accretion Of Premium From Acquisitions | (390) | 0 | (846) | (1) |
Amortization of broker placement fees | 55 | 152 | 128 | 310 |
Interest expense on deposits | $ 10,782 | $ 16,997 | $ 23,124 | $ 36,651 |
SECURITIES SOLD UNDER AGREEME_3
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 300,000 | $ 300,000 |
short term debt [member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | 0 | 0 |
long term debt [member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 300,000 | $ 300,000 |
SECURITIES SOLD UNDER AGREEME_4
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Assets Sold under Agreements to Repurchase [Line Items] | |||
Reverse repurchase agreements | $ 0 | $ 0 | |
Assets Sold Under Agreements To Repurchase Fixed Rate | 3.90% | ||
long term debt [member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Reverse repurchase agreements | $ 200,000 | ||
long term debt [member] | Weighted Average [Member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Assets sold under agreements to repurchase interest rate | 3.35% | 1.77% |
SECURITIES SOLD UNDER AGREEME_5
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold Under Agreements To Repurchase | $ 300,000 | $ 300,000 |
Over three years to five years | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold Under Agreements To Repurchase | 200,000 | |
Over six months to one year | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold Under Agreements To Repurchase | $ 100,000 |
SECURITIES SOLD UNDER AGREEME_6
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Repurchase Agreements Grouped by Counterparty (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Repurchase Agreement Counterparty [Line Items] | ||
Securities Sold Under Agreements To Repurchase | $ 300,000 | $ 300,000 |
JP Morgan Chase [Member] | ||
Repurchase Agreement Counterparty [Line Items] | ||
Securities Sold Under Agreements To Repurchase | $ 100,000 | |
Weighted-Average Maturity | 7 months | |
CREDIT SUISSE (US) [Member] | ||
Repurchase Agreement Counterparty [Line Items] | ||
Securities Sold Under Agreements To Repurchase | $ 200,000 | |
Weighted-Average Maturity | 43 months |
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, 2021 | Dec. 31, 2020 |
FederalHomeLoanBankAdvancesLineItems | ||
Advances From Federal Home Loan Banks | $ 320,000 | $ 440,000 |
short term debt [member] | ||
FederalHomeLoanBankAdvancesLineItems | ||
Advances From Federal Home Loan Banks | 0 | 0 |
long term debt [member] | ||
FederalHomeLoanBankAdvancesLineItems | ||
Advances From Federal Home Loan Banks | $ 320,000 | $ 440,000 |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed |
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, 2021 | Dec. 31, 2020 |
Federal Home Loan Bank Advances Branch Of F H L B Bank [Line Items] | ||
Weighted average interest rate | 2.34% | 2.26% |
Interest rate type | Fixed |
ADVANCES FROM THE FEDERAL HOM_5
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Advances from Federal Home Loan Banks [Abstract] | ||
Federal Home Loan Bank Advances Maturities Due Three Months To Six Months | $ 120,000 | |
Federal Home Loan Bank Advances Maturities Due One To Three Years | 200,000 | |
Total Federal Home Loan Bank Advances | $ 320,000 | $ 440,000 |
OTHER BORROWINGS - Components o
OTHER BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 183,762 | $ 183,762 |
Junior Subordinated Debt [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 183,762 | 183,762 |
Junior Subordinated Debt [Member] | due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 65,205 | 65,205 |
Junior Subordinated Debt [Member] | due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 118,557 | $ 118,557 |
OTHER BORROWINGS - Components_2
OTHER BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail) - Junior Subordinated Debt [Member] - London Interbank Offered Rate (LIBOR) [Member] | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | |
due June 17, 2034 [Member] | Statutory Trust One [Member] | |||
Subordinated Borrowing [Line Items] | |||
Floating Interest rate on junior subordinated debentures | 2.87% | 2.87% | 2.98% |
Callable step-rate notes rate | 2.75% | ||
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | ||
Subordinated Borrowing Due Date | Jun. 17, 2034 | ||
due September 20, 2034 [Member] | Statutory Trust Two [Member] | |||
Subordinated Borrowing [Line Items] | |||
Floating Interest rate on junior subordinated debentures | 2.63% | 2.63% | 2.74% |
Callable step-rate notes rate | 2.50% | ||
Subordinated Borrowing Due Date | Sep. 20, 2034 |
STOCKHOLDERS' EQUITY - Addition
STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) | Apr. 28, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 |
Class Of Stock [Line Items] | ||||||
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | |||
Common stock, par value | $ 0.10 | $ 0.10 | $ 0.1 | |||
Common stock, shares issued | 223,632,377 | 223,632,377 | 223,034,348 | |||
Common stock, shares outstanding | 210,649,414 | 210,649,414 | 218,235,064 | |||
Dividends Payable, Date of Record | May 26, 2021 | |||||
Dividends Payable, Date to be Paid | Jun. 11, 2021 | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.07 | $ 0.07 | $ 0.05 | $ 0.14 | $ 0.10 | |
Stock Repurchase Program, Authorized Amount | $ 300,000,000 | $ 300,000,000 | ||||
Stock Repurchase Program Expiration Date | Jun. 30, 2022 | |||||
Preferred Stock Subject To Redemption Amount Under Stock Repurchase Program | 36,100,000 | $ 36,100,000 | ||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 200,000,000 | $ 200,000,000 | ||||
Preferred Stock, Shares Authorized | 50,000,000 | 50,000,000 | 50,000,000 | |||
Preferred stock, par value | $ 1 | $ 1 | ||||
Liquidation value per share | $ 25 | $ 25 | ||||
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation | 210,572 | 50,285 | ||||
Stock repurchase plan treasury stock | 12,982,963 | 12,982,963 | 4,799,284 | |||
Legal surplus reserve rate | 10.00% | |||||
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 reserve amount | $ 109,338,000 | $ 109,338,000 | $ 109,338,000 | |||
Stock Repurchase Program [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Shares of common stock repurchased | 7,962,647 | |||||
Series A Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Preferred stock dividend rate percentage | 7.125% | |||||
Series B Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Preferred stock dividend rate percentage | 8.35% | |||||
Series C Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Preferred stock dividend rate percentage | 7.40% | |||||
Series D Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Preferred stock dividend rate percentage | 7.25% | |||||
Series E Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Preferred stock dividend rate percentage | 7.00% | |||||
Common Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Dividneds declared | $ 15,000,000 | $ 11,000,000 | $ 30,300,000 | $ 21,900,000 | ||
Preferred Stock [Member] | ||||||
Class Of Stock [Line Items] | ||||||
Dividneds declared | $ 700,000 | $ 700,000 | $ 1,300,000 | $ 1,300,000 |
STOCKHOLDERS' EQUITY - Activity
STOCKHOLDERS' EQUITY - Activity of Open Market and Privately Negotiated Repurchase of Shares (Detail) - Stock Repurchase Program [Member] $ / shares in Units, $ in Thousands | 3 Months Ended |
Jun. 30, 2021USD ($)$ / sharesshares | |
Equity, Class of Treasury Stock [Line Items] | |
Treasury Stock Shares Acquired | shares | 7,962,647 |
Treasury Stock Acquired, Average Cost Per Share | $ / shares | $ 12.56 |
Treasury Stock, Value, Acquired, Par Value Method | $ | $ 100,000 |
STOCKHOLDERS' EQUITY - Activi_2
STOCKHOLDERS' EQUITY - Activity of Open Market and Privately Negotiated Repurchase of Shares (Parenthetical) (Detail) $ / shares in Units, $ in Millions | 3 Months Ended |
Jun. 30, 2021USD ($)$ / sharesshares | |
Open Market Repurchase [Member] | |
Equity, Class of Treasury Stock [Line Items] | |
Treasury Stock Shares Acquired | shares | 4,462,647 |
Treasury Stock Acquired, Average Cost Per Share | $ / shares | $ 12.62 |
Treasury Stock, Value, Acquired, Par Value Method | $ | $ 56.3 |
Privately Negotiated Transaction Repurchase [Member] | |
Equity, Class of Treasury Stock [Line Items] | |
Treasury Stock Shares Acquired | shares | 3,500,000 |
Treasury Stock Acquired, Average Cost Per Share | $ / shares | $ 12.48 |
Treasury Stock, Value, Acquired, Par Value Method | $ | $ 43.7 |
INCOME TAXES - Additional Infor
INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Income Tax Contingency [Line Items] | |||||
Effective tax rate maximum statutory rate | 37.50% | ||||
Minimum percentage of bank net taxable income for paying Income tax at normal rate | 20.00% | ||||
Income Tax Expense (Benefit) | $ 40,092 | $ 6,046 | $ 68,114 | $ 3,079 | |
Estimated annual effective tax rate, excluding entities from which a tax benefit cannot be recognized and discrete items | 33.00% | 25.00% | |||
Estimated annual effective tax rate, including all entities | 34.00% | 27.00% | |||
Effective Income Tax Rate Excluding Discrete Items | 34.00% | 27.00% | |||
Valuation allowance | 104,500 | $ 104,500 | |||
BSPR | |||||
Income Tax Contingency [Line Items] | |||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | 200 | ||||
Unrecognized Tax Benefits | 1,000 | 1,000 | |||
United States [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Income Tax Expense (Benefit) | 1,400 | $ 1,200 | 2,500 | $ 2,200 | |
FirstBank [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Deferred Tax Assets Net | 273,700 | 273,700 | $ 329,100 | ||
Valuation allowance | $ 64,600 | $ 64,600 | $ 59,900 | ||
Domestic Tax Authority [Member] | Other taxable domestic corporations [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Dividend received deduction | 85.00% | ||||
Domestic Tax Authority [Member] | Subsidiaries [Member] | |||||
Income Tax Contingency [Line Items] | |||||
Dividend received deduction | 100.00% |
OTHER COMPREHENSIVE (LOSS) IN_3
OTHER COMPREHENSIVE (LOSS) INCOME - Change in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ 55,455 | |||
Ending balance | $ (14,978) | (14,978) | ||
Pension And Postretirement Benefit Plans [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (270) | $ 0 | (270) | $ 0 |
Other comprehensive (loss) income | 0 | 0 | 0 | 0 |
Ending balance | (270) | 0 | (270) | 0 |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Debt Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (43,204) | 49,116 | 55,725 | 6,764 |
Other comprehensive (loss) income | 28,496 | 4,154 | (70,433) | 46,506 |
Ending balance | $ (14,708) | $ 53,270 | $ (14,708) | $ 53,270 |
OTHER COMPREHENSIVE (LOSS) IN_4
OTHER COMPREHENSIVE (LOSS) INCOME - Reclassification Out of Accumulated Other Comprehensive Income (Loss) (Detail) - Reclassification Out Of Accumulated Other Comprehensive Income [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | $ 0 | $ 1,418 | $ (127) | $ (6,461) |
Reclassification from AOCI, Current Period, Tax | 0 | 0 | 0 | 0 |
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent | 0 | 1,418 | (127) | (6,461) |
Realized gain on sale of debt securities | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | 0 | 155 | 0 | (8,092) |
Provision for credit losses (benefit) expense | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | $ 0 | $ 1,263 | $ (127) | $ 1,631 |
EMPLOYEE BENEFIT PLANS - Summar
EMPLOYEE BENEFIT PLANS - Summary of Financial Data Relative to the Pension Plans and the Postretirement Benefit Plan (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2021 | Jun. 30, 2021 | |
Pension Plan [Member] | ||
Net periodic benefit (income) loss: | ||
Interest cost | $ 618 | $ 1,236 |
Estimated return on plan asset | (1,131) | (2,262) |
Net periodic benefit (income) loss | (513) | (1,026) |
Postretirement Benefit Plan [Member] | ||
Net periodic benefit (income) loss: | ||
Interest cost | 2 | 4 |
Estimated return on plan asset | 0 | 0 |
Net periodic benefit (income) loss | $ 2 | $ 4 |
FAIR VALUE - Assets and Liabili
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Assets: | ||
Investment securities available for sale | $ 6,402,258 | $ 4,647,019 |
Fair Value, Measurements, Recurring [Member] | ||
Assets: | ||
Equity Securities | 5,473 | 1,474 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Assets: | ||
Asset Derivative | 1,312 | 1,622 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 1,311 | 1,639 |
Fair Value, Measurements, Recurring [Member] | Other Available For Sale Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 650 | 650 |
Fair Value, Measurements, Recurring [Member] | U S Treasury Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 7,461 | 7,507 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Noncallable | ||
Assets: | ||
Investment securities available for sale | 299,681 | 173,371 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Callable | ||
Assets: | ||
Investment securities available for sale | 6,083,635 | 4,454,164 |
Fair Value, Measurements, Recurring [Member] | Puerto Rico Government obligations [Member] | ||
Assets: | ||
Investment securities available for sale | 2,928 | 2,899 |
Fair Value, Measurements, Recurring [Member] | Private label [Member] | ||
Assets: | ||
Investment securities available for sale | 7,903 | 8,428 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member] | Purchase | ||
Assets: | ||
Asset Derivative | 5 | 1 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member] | Written | ||
Derivatives, included in liabilities: | ||
Liability Derivatives | 5 | 1 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member] | ||
Assets: | ||
Asset Derivative | 493 | 737 |
Fair Value, Measurements, Recurring [Member] | Forward loan sales commitments [Member] | ||
Assets: | ||
Asset Derivative | 20 | 20 |
Fair Value, Measurements, Recurring [Member] | Forward Contracts [Member] | ||
Assets: | ||
Asset Derivative | 0 | 102 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 110 | 280 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||
Assets: | ||
Equity Securities | 5,473 | 1,474 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Swap [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Other Available For Sale Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S Treasury Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 7,461 | 7,507 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | US Government Agencies Debt Securities [Member] | Noncallable | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | US Government Agencies Debt Securities [Member] | Callable | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Puerto Rico Government obligations [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Private label [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Cap [Member] | Purchase | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Cap [Member] | Written | ||
Derivatives, included in liabilities: | ||
Liability Derivatives | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest Rate Lock Commitments [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Forward loan sales commitments [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Forward Contracts [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||
Assets: | ||
Equity Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Swap [Member] | ||
Assets: | ||
Asset Derivative | 1,312 | 1,622 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 1,311 | 1,639 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Other Available For Sale Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S Treasury Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | US Government Agencies Debt Securities [Member] | Noncallable | ||
Assets: | ||
Investment securities available for sale | 299,681 | 173,371 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | US Government Agencies Debt Securities [Member] | Callable | ||
Assets: | ||
Investment securities available for sale | 6,083,635 | 4,454,164 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Puerto Rico Government obligations [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Private label [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Purchase | ||
Assets: | ||
Asset Derivative | 5 | 1 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Cap [Member] | Written | ||
Derivatives, included in liabilities: | ||
Liability Derivatives | 5 | 1 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest Rate Lock Commitments [Member] | ||
Assets: | ||
Asset Derivative | 493 | 737 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Forward loan sales commitments [Member] | ||
Assets: | ||
Asset Derivative | 20 | 20 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Forward Contracts [Member] | ||
Assets: | ||
Asset Derivative | 0 | 102 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 110 | 280 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | ||
Assets: | ||
Equity Securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Swap [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Derivatives, included in liabilities: | ||
Liability Derivatives | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Other Available For Sale Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 650 | 650 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S Treasury Securities [Member] | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | US Government Agencies Debt Securities [Member] | Noncallable | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | US Government Agencies Debt Securities [Member] | Callable | ||
Assets: | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico Government obligations [Member] | ||
Assets: | ||
Investment securities available for sale | 2,928 | 2,899 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | ||
Assets: | ||
Investment securities available for sale | 7,903 | 8,428 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Cap [Member] | Purchase | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Cap [Member] | Written | ||
Derivatives, included in liabilities: | ||
Liability Derivatives | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest Rate Lock Commitments [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Forward loan sales commitments [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Forward Contracts [Member] | ||
Assets: | ||
Asset Derivative | 0 | 0 |
Derivatives, included in liabilities: | ||
Liability Derivatives | $ 0 | $ 0 |
FAIR VALUE - Reconciliation of
FAIR VALUE - Reconciliation of Fair Value of Assets and Liabilities Measured on Recurring Basis Level 3 (Detail) - Fair Value Inputs Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||
Beginning balance | $ 11,776 | $ 13,769 | $ 11,977 | $ 14,590 |
Total gains or (losses) (realized/unrealized): | ||||
Included in other comprehensive income | 384 | 726 | 705 | 966 |
Included in earnings | 0 | (1,263) | 127 | (1,631) |
Principal repayments and amortization | (679) | (589) | (1,328) | (1,282) |
Ending balance | $ 11,481 | $ 12,643 | $ 11,481 | $ 12,643 |
FAIR VLUE - Assets and Liabilit
FAIR VLUE - Assets and Liabilites Measured at Fair Value on Recurring Basis Using Unobservable Inputs (Level 3) (Detail) $ in Thousands | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale | $ 6,402,258 | $ 4,647,019 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | Discounted Cash Flow [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale | 7,903 | 8,428 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico Government obligations [Member] | Discounted Cash Flow [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale | $ 2,928 | $ 2,899 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Prepayment rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.020 | 0.012 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.002 | 0.026 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico Government obligations [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0669 | 0.079 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico Government obligations [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.107 | 0.124 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Prepayment rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.220 | 0.188 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.173 | 0.223 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico Government obligations [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0669 | 0.079 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico Government obligations [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.107 | 0.124 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.127 | 0.122 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Prepayment rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.150 | 0.121 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.073 | 0.102 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico Government obligations [Member] | Discount rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0669 | 0.079 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico Government obligations [Member] | Projected Cumulative Loss Rate [Member] | ||
Debt Securities, Available-for-sale, Sale [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.107 | 0.124 |
FAIR VALUE - Level 3 Changes in
FAIR VALUE - Level 3 Changes in Unrealized Gain Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Available-for-sale Securities [Member] | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Included in earnings | $ 0 | $ (1,263) | $ (127) | $ 1,631 |
FAIR VALUE - Impairment of Valu
FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
OREO [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Assets Fair Value Adjustment | $ (225) | $ (375) | $ (374) | $ (1,020) |
Loans Held For Sale [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Assets Fair Value Adjustment | 0 | (116) | ||
Loans Receivable [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Assets Fair Value Adjustment | (149) | (3,097) | (1,822) | (5,669) |
Fair Value Inputs Level 1 [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Loans receivable | 0 | 0 | 0 | 0 |
Other Real Estate Owned | 0 | 0 | 0 | 0 |
Loans held for sale | 0 | 0 | ||
Fair Value Inputs Level 2 [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Loans receivable | 0 | 0 | 0 | 0 |
Other Real Estate Owned | 0 | 0 | 0 | 0 |
Loans held for sale | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||||
Loans receivable | 237,393 | 244,938 | 237,393 | 244,938 |
Other Real Estate Owned | 66,586 | $ 96,319 | 66,586 | $ 96,319 |
Loans held for sale | $ 4,004 | $ 4,004 |
FAIR VALUE - Fair Value (Detail
FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Assets: | ||||||
Investment securities available for sale | $ 6,402,258 | $ 4,647,019 | ||||
Allowance for Credit Losse, Held-to-maturity securities | (10,685) | (8,845) | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 179,327 | 180,643 | ||||
Total gross loans held for investment portfolio | 11,400,000 | |||||
Less: allowance for loan and lease losses | (324,958) | $ (358,936) | (385,887) | $ (319,297) | $ (292,774) | $ (155,139) |
Loans held for investment, net | 11,062,636 | 11,391,402 | ||||
Liabilities: | ||||||
Other borrowings | 183,762 | 183,762 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 2,788,769 | 1,493,833 | ||||
Investment securities available for sale | 6,402,258 | 4,647,019 | ||||
Held to maturity securities, at amortized cost, before allowance for credit losses | 190,012 | 189,488 | ||||
Allowance for Credit Losse, Held-to-maturity securities | (10,685) | (8,845) | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 179,327 | 180,643 | ||||
Equity Securities | 37,722 | 37,588 | ||||
Loans held for sale | 32,699 | 50,289 | ||||
Total gross loans held for investment portfolio | 11,387,594 | 11,777,289 | ||||
Less: allowance for loan and lease losses | (324,958) | (385,887) | ||||
Loans held for investment, net | 11,062,636 | 11,391,402 | ||||
Asset Derivative | 1,830 | 2,842 | ||||
Liabilities: | ||||||
Deposits | 18,069,991 | 15,317,383 | ||||
Securities sold under agreements to repurchase | 300,000 | 300,000 | ||||
Advances from FHLB | 320,000 | 440,000 | ||||
Other borrowings | 183,762 | 183,762 | ||||
Liability Derivatives | 1,426 | 1,920 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 2,788,769 | 1,493,833 | ||||
Investment securities available for sale | 6,402,258 | 4,647,019 | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 187,645 | 173,806 | ||||
Equity Securities | 37,722 | 37,588 | ||||
Loans held for sale | 33,517 | 52,322 | ||||
Loans held for investment, net | 11,167,655 | 11,564,635 | ||||
Asset Derivative | 1,830 | 2,842 | ||||
Liabilities: | ||||||
Deposits | 18,107,570 | 15,363,236 | ||||
Securities sold under agreements to repurchase | 326,127 | 329,493 | ||||
Advances from FHLB | 326,280 | 446,703 | ||||
Other borrowings | 148,695 | 151,645 | ||||
Liability Derivatives | 1,426 | 1,920 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 2,788,769 | 1,493,833 | ||||
Investment securities available for sale | 7,461 | 7,507 | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 0 | 0 | ||||
Equity Securities | 5,473 | 1,474 | ||||
Loans held for sale | 0 | 0 | ||||
Loans held for investment, net | 0 | 0 | ||||
Asset Derivative | 0 | 0 | ||||
Liabilities: | ||||||
Deposits | 0 | 0 | ||||
Securities sold under agreements to repurchase | 0 | 0 | ||||
Advances from FHLB | 0 | 0 | ||||
Other borrowings | 0 | 0 | ||||
Liability Derivatives | 0 | 0 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 2 [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 0 | 0 | ||||
Investment securities available for sale | 6,383,316 | 4,627,535 | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 0 | 0 | ||||
Equity Securities | 32,249 | 36,114 | ||||
Loans held for sale | 29,513 | 52,322 | ||||
Loans held for investment, net | 0 | 0 | ||||
Asset Derivative | 1,830 | 2,842 | ||||
Liabilities: | ||||||
Deposits | 18,107,570 | 15,363,236 | ||||
Securities sold under agreements to repurchase | 326,127 | 329,493 | ||||
Advances from FHLB | 326,280 | 446,703 | ||||
Other borrowings | 0 | 0 | ||||
Liability Derivatives | 1,426 | 1,920 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 3 [Member] | ||||||
Assets: | ||||||
Cash and due from banks and money market investments | 0 | 0 | ||||
Investment securities available for sale | 11,481 | 11,977 | ||||
Total investment securities held to maturity, at amortized cost, net of allowance | 187,645 | 173,806 | ||||
Equity Securities | 0 | 0 | ||||
Loans held for sale | 4,004 | 0 | ||||
Loans held for investment, net | 11,167,655 | 11,564,635 | ||||
Asset Derivative | 0 | 0 | ||||
Liabilities: | ||||||
Deposits | 0 | 0 | ||||
Securities sold under agreements to repurchase | 0 | 0 | ||||
Advances from FHLB | 0 | 0 | ||||
Other borrowings | 148,695 | 151,645 | ||||
Liability Derivatives | $ 0 | $ 0 |
REVENUE FROM CONTRACT WITH CUST
REVENUE FROM CONTRACT WITH CUSTOMERS (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Net interest income | $ 184,783 | $ 135,210 | $ 361,048 | $ 273,859 |
Non-interest income | 29,884 | 20,892 | 60,840 | 51,092 |
Total Revenue | 214,667 | 156,102 | 421,888 | 324,951 |
Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 8,788 | 4,474 | 17,092 | 10,431 |
Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 2,215 | 1,381 | 7,456 | 5,963 |
Total Revenue | 16 | 100 | 3,300 | 3,300 |
Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 2,462 | 989 | 3,857 | 1,888 |
Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 7,057 | 3,705 | 13,094 | 8,371 |
Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 2,294 | 2,594 | 4,450 | 4,262 |
Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 7,068 | 7,749 | 14,891 | 20,177 |
Mortgage Banking Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 26,331 | 17,453 | 51,571 | 34,511 |
Non-interest income | 6,137 | 4,447 | 13,253 | 8,087 |
Total Revenue | 32,468 | 21,900 | 64,824 | 42,598 |
Mortgage Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 177 | 92 | 350 | 166 |
Mortgage Banking Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 5,960 | 4,355 | 12,903 | 7,921 |
Consumer Retail Banking Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 64,751 | 53,542 | 123,234 | 111,286 |
Non-interest income | 16,726 | 10,591 | 33,969 | 24,319 |
Total Revenue | 81,477 | 64,133 | 157,203 | 135,605 |
Consumer Retail Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 4,966 | 2,272 | 9,442 | 5,755 |
Consumer Retail Banking Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 1,987 | 1,180 | 6,954 | 5,556 |
Consumer Retail Banking Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 1,910 | 844 | 2,832 | 1,594 |
Consumer Retail Banking Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 6,621 | 3,385 | 12,266 | 7,602 |
Consumer Retail Banking Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 846 | 419 | 1,711 | 1,036 |
Consumer Retail Banking Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 396 | 2,491 | 764 | 2,776 |
Commercial And Corporate Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 51,498 | 27,247 | 100,479 | 50,828 |
Non-interest income | 4,139 | 2,824 | 8,036 | 4,835 |
Total Revenue | 55,637 | 30,071 | 108,515 | 55,663 |
Commercial And Corporate Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 2,987 | 1,441 | 5,958 | 3,005 |
Commercial And Corporate Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Commercial And Corporate Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 257 | 0 | 513 | 0 |
Commercial And Corporate Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 21 | 12 | 40 | 29 |
Commercial And Corporate Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 693 | 479 | 1,212 | 891 |
Commercial And Corporate Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 181 | 892 | 313 | 910 |
Treasury And Investments Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 19,039 | 17,097 | 40,622 | 36,972 |
Non-interest income | 85 | (8) | 141 | 8,320 |
Total Revenue | 19,124 | 17,089 | 40,763 | 45,292 |
Treasury And Investments Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 0 | 89 | 0 | 89 |
Treasury And Investments Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 85 | (97) | 141 | 8,231 |
United States Operations Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 16,406 | 13,236 | 31,429 | 27,021 |
Non-interest income | 1,068 | 645 | 2,043 | 1,476 |
Total Revenue | 17,474 | 13,881 | 33,472 | 28,497 |
United States Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 135 | 123 | 284 | 291 |
United States Operations Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 28 | 15 | 57 | 19 |
United States Operations Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 12 | 0 | 25 | 0 |
United States Operations Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 11 | 4 | 14 | 14 |
United States Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 431 | 411 | 889 | 829 |
United States Operations Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 451 | 92 | 774 | 323 |
Virgin Islands Operations Segment [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Net interest income | 6,758 | 6,635 | 13,713 | 13,241 |
Non-interest income | 1,729 | 2,393 | 3,398 | 4,055 |
Total Revenue | 8,487 | 9,028 | 17,111 | 17,296 |
Virgin Islands Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 700 | 638 | 1,408 | 1,380 |
Virgin Islands Operations Segment [Member] | Insurance commissions [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 200 | 186 | 445 | 388 |
Virgin Islands Operations Segment [Member] | Merchant-related income [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 283 | 145 | 487 | 294 |
Virgin Islands Operations Segment [Member] | Credit and debit card fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 404 | 304 | 774 | 726 |
Virgin Islands Operations Segment [Member] | Other service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | 147 | 1,104 | 288 | 1,251 |
Virgin Islands Operations Segment [Member] | Not inscope of Topic 606 [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Non-interest income | $ (5) | $ 16 | $ (4) | $ 16 |
REVENUE FROM CONTACTS WITH CUST
REVENUE FROM CONTACTS WITH CUSTOMERS - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Revenue from External Customer [Line Items] | ||||||||
Contract liability | $ 1,989 | $ 2,314 | $ 1,989 | $ 2,314 | $ 2,070 | $ 2,151 | $ 2,395 | $ 2,476 |
Total Revenue | 214,667 | 156,102 | 421,888 | 324,951 | ||||
Decrease in Contract with Customer, Liability | 100 | 100 | 200 | 200 | ||||
Noninterest Income, Other Operating Income | 12,477 | 11,505 | 22,615 | 19,131 | ||||
Insurance commissions [Member] | ||||||||
Revenue from External Customer [Line Items] | ||||||||
Total Revenue | $ 16 | 100 | $ 3,300 | 3,300 | ||||
Hurricane [Member] | ||||||||
Revenue from External Customer [Line Items] | ||||||||
Noninterest Income, Other Operating Income | $ 5,000 | $ 5,000 |
REVENUE FROM CONTRACT WITH CU_2
REVENUE FROM CONTRACT WITH CUSTOMERS - Activity of Contract Liability (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Contract with Customer, Liability [Abstract] | ||||
Beginning balance | $ 2,070 | $ 2,395 | $ 2,151 | $ 2,476 |
Amortization | (81) | (81) | (162) | (162) |
Ending balance | $ 1,989 | $ 2,314 | $ 1,989 | $ 2,314 |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Cash paid for: | ||||
Interest on borrowings | $ 36,936 | $ 50,316 | ||
Income tax | 8,968 | 10,597 | ||
Operating cash flow from operating leases | 9,817 | 5,119 | ||
Non-cash investing and financing activities: | ||||
Additions to OREO | 8,647 | 5,524 | ||
Additions to auto and other repossessed assets | 18,155 | 16,282 | ||
Capitalization of servicing assets | $ 1,550 | $ 666 | 2,900 | 1,570 |
Loan securitizations | 106,833 | 84,876 | ||
Loans held for investment transferred to held for sale | 31,383 | 3,535 | ||
ROU assets obtained in exchange for operating lease liabilities | 2,610 | 274 | ||
Unsettled purchases of available-for-sale investment securities | 50,026 | 0 | ||
Unsettled common stock shares repurchases | $ 772 | $ 0 |
SEGMENT INFORMATION - Additiona
SEGMENT INFORMATION - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2021numberofreportableunits | |
Segment Reporting [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, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Segment Reporting Information [Line Items] | ||||
Interest Income | $ 201,459 | $ 158,616 | $ 396,101 | $ 323,880 |
Interest expense | (16,676) | (23,406) | (35,053) | (50,021) |
Net interest income | 184,783 | 135,210 | 361,048 | 273,859 |
Provision for credit losses-(benefit) expense | (26,155) | 39,014 | (41,407) | 116,380 |
Non-interest income | 29,884 | 20,892 | 60,840 | 51,092 |
Commercial And Corporate Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 51,498 | 27,247 | 100,479 | 50,828 |
Non-interest income | 4,139 | 2,824 | 8,036 | 4,835 |
Treasury And Investments Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 19,039 | 17,097 | 40,622 | 36,972 |
Non-interest income | 85 | (8) | 141 | 8,320 |
United States Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 16,406 | 13,236 | 31,429 | 27,021 |
Non-interest income | 1,068 | 645 | 2,043 | 1,476 |
Virgin Islands Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 6,758 | 6,635 | 13,713 | 13,241 |
Non-interest income | 1,729 | 2,393 | 3,398 | 4,055 |
Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 201,459 | 158,616 | 396,101 | 323,880 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (16,676) | (23,406) | (35,053) | (50,021) |
Net interest income | 184,783 | 135,210 | 361,048 | 273,859 |
Provision for credit losses-(benefit) expense | (26,155) | 39,014 | (41,407) | 116,380 |
Non-interest income | 29,884 | 20,892 | 60,840 | 51,092 |
Direct Non Interest Expenses | 76,609 | 56,827 | 154,168 | 119,038 |
Segment income (loss) | 164,213 | 60,261 | 309,127 | 89,533 |
Average earnings assets | 19,074,536 | 12,635,937 | 18,492,045 | 12,233,108 |
Operating Segments [Member] | Mortgage Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 36,945 | 28,260 | 74,005 | 57,060 |
Net (charge) credit for transfer of funds | (10,614) | (10,807) | (22,434) | (22,549) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income | 26,331 | 17,453 | 51,571 | 34,511 |
Provision for credit losses-(benefit) expense | 1,030 | 2,676 | 244 | 17,877 |
Non-interest income | 6,137 | 4,447 | 13,253 | 8,087 |
Direct Non Interest Expenses | 7,525 | 6,489 | 15,522 | 14,988 |
Segment income (loss) | 23,913 | 12,735 | 49,058 | 9,733 |
Average earnings assets | 2,563,768 | 1,971,171 | 2,611,065 | 1,992,039 |
Operating Segments [Member] | Consumer (Retail) Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 66,237 | 56,595 | 131,970 | 114,691 |
Net (charge) credit for transfer of funds | 5,901 | 5,941 | 6,956 | 15,971 |
Interest expense | (7,387) | (8,994) | (15,692) | (19,376) |
Net interest income | 64,751 | 53,542 | 123,234 | 111,286 |
Provision for credit losses-(benefit) expense | 791 | 11,697 | 4,753 | 43,850 |
Non-interest income | 16,726 | 10,591 | 33,969 | 24,319 |
Direct Non Interest Expenses | 43,255 | 28,148 | 84,346 | 57,624 |
Segment income (loss) | 37,431 | 24,288 | 68,104 | 34,131 |
Average earnings assets | 2,491,583 | 2,094,266 | 2,467,015 | 2,112,884 |
Operating Segments [Member] | Commercial And Corporate Banking Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 53,833 | 32,018 | 105,291 | 64,654 |
Net (charge) credit for transfer of funds | (2,335) | (4,771) | (4,812) | (13,826) |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income | 51,498 | 27,247 | 100,479 | 50,828 |
Provision for credit losses-(benefit) expense | (27,752) | 13,530 | (44,931) | 32,705 |
Non-interest income | 4,139 | 2,824 | 8,036 | 4,835 |
Direct Non Interest Expenses | 8,298 | 6,390 | 19,836 | 13,437 |
Segment income (loss) | 75,091 | 10,151 | 133,610 | 9,521 |
Average earnings assets | 3,888,725 | 2,565,899 | 3,957,859 | 2,492,983 |
Operating Segments [Member] | Treasury And Investments Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 16,708 | 12,993 | 29,470 | 29,059 |
Net (charge) credit for transfer of funds | 8,191 | 10,978 | 23,125 | 22,469 |
Interest expense | (5,860) | (6,874) | (11,973) | (14,556) |
Net interest income | 19,039 | 17,097 | 40,622 | 36,972 |
Provision for credit losses-(benefit) expense | 0 | 1,263 | (127) | 2,765 |
Non-interest income | 85 | (8) | 141 | 8,320 |
Direct Non Interest Expenses | 1,127 | 653 | 2,361 | 1,416 |
Segment income (loss) | 17,997 | 15,173 | 38,529 | 41,111 |
Average earnings assets | 7,588,530 | 3,475,392 | 6,921,007 | 3,170,840 |
Operating Segments [Member] | United States Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 20,651 | 21,172 | 40,983 | 43,327 |
Net (charge) credit for transfer of funds | (1,143) | (1,341) | (2,835) | (2,065) |
Interest expense | (3,102) | (6,595) | (6,719) | (14,241) |
Net interest income | 16,406 | 13,236 | 31,429 | 27,021 |
Provision for credit losses-(benefit) expense | 860 | 7,701 | 623 | 14,265 |
Non-interest income | 1,068 | 645 | 2,043 | 1,476 |
Direct Non Interest Expenses | 9,103 | 7,843 | 17,397 | 16,834 |
Segment income (loss) | 7,511 | (1,663) | 15,452 | (2,602) |
Average earnings assets | 2,103,002 | 2,070,069 | 2,090,898 | 2,007,227 |
Operating Segments [Member] | Virgin Islands Operations Segment [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Interest Income | 7,085 | 7,578 | 14,382 | 15,089 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 | 0 |
Interest expense | (327) | (943) | (669) | (1,848) |
Net interest income | 6,758 | 6,635 | 13,713 | 13,241 |
Provision for credit losses-(benefit) expense | (1,084) | 2,147 | (1,969) | 4,918 |
Non-interest income | 1,729 | 2,393 | 3,398 | 4,055 |
Direct Non Interest Expenses | 7,301 | 7,304 | 14,706 | 14,739 |
Segment income (loss) | 2,270 | (423) | 4,374 | (2,361) |
Average earnings assets | $ 438,928 | $ 459,140 | $ 444,201 | $ 457,135 |
SEGMENT INFORMATION - Reconcili
SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net Income (Loss): | ||||
Income before income taxes | $ 110,650 | $ 27,302 | $ 199,822 | $ 26,601 |
Income tax | 40,092 | 6,046 | 68,114 | 3,079 |
Net income | 70,558 | 21,256 | 131,708 | 23,522 |
Segment Reconciling Items [Member] | ||||
Net Income (Loss): | ||||
Total income for segments and other | 164,213 | 60,261 | 309,127 | 89,533 |
Other operating expenses | 53,563 | 32,959 | 109,305 | 62,932 |
Income before income taxes | 110,650 | 27,302 | 199,822 | 26,601 |
Income tax | 40,092 | 6,046 | 68,114 | 3,079 |
Net income | 70,558 | 21,256 | 131,708 | 23,522 |
Average assets: | ||||
Total average earning assets for segments | 19,074,536 | 12,635,937 | 18,492,045 | 12,233,108 |
Average non-earning assets | 1,109,941 | 950,071 | 1,146,337 | 936,610 |
Total consolidated average assets | $ 20,184,477 | $ 13,586,008 | $ 19,638,382 | $ 13,169,718 |
REGULATORY MATTERS, COMMITMEN_3
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jan. 01, 2020 | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Percentage Of Increase In ACL Adjusted In Capital Measures | 25.00% | |
Commercial And Financial Standby Letters Of Credit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Commitments | $ 123.1 | |
Commitments To Extend Credit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Commitments | 2,100 | |
Commitments To Extend Credit [Member] | Credit Card [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Commitments | 1,100 | |
Retained Earnings [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Cummulative Effect Of New Accounting Principle In Period Of Adoption Adjusted In Capital Measures | $ 62.3 | |
Basel III [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Conservation Buffer | 2.50% | |
Basel III [Member] | Minimum [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier 1 Capital To Risk Weight Assets Ratio Capital Adequacy | 4.50% | |
Common Equity Tier1 Capital To Risk Weight Assets Ratio Plus Common Equity Tier 1 Capital Conservation Buffer | 7.00% | |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 6 | |
Total Tier 1 Capital To Risk Weight Assets Ratio Plus Common Equity Tier 1 Capital Conservation Buffer | 8.50% | |
Capital Required For Capital Adequacy To Risk Weighted Assets | 8 | |
Capital Required For Capital Adequacy To Risk Weighted Assets Plus Common Equity Tier 1 Capital Conservation Buffer | 10.50% | |
Leverage Ratio Required Fo Capital Adequacy Ratio | 4 |
REGULATORY MATTERS, COMMITMEN_4
REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES- Regulatory Capital Positions (Detail) $ in Thousands | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
First BanCorp [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) | $ 2,439,829 | $ 2,416,682 |
Total Capital (to Risk-Weighted Assets) Ratio | 20.38 | 20.37 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 957,524 | $ 948,890 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Common Equity Tier One Capital | $ 2,075,393 | $ 2,053,045 |
Common Equity Tier One Capital (to Risk-Weighted Assets) Ratio | 17.34% | 17.31% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 538,607 | $ 533,751 |
Common Equity Tier One Capital (to Risk-Weighted Assets) Required for Capiral Adequacy Ratio | 4.50% | 4.50% |
Tier One Capital (to Risk-Weighted Assets) | $ 2,111,497 | $ 2,089,149 |
Tier One Capital (to Risk-Weighted Assets) Ratio | 17.64 | 17.61 |
Tier One Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 718,143 | $ 711,667 |
Tier One Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Leverage ratio | $ 2,111,497 | $ 2,089,149 |
Leverage Ratio | 10.51 | 11.26 |
Leverage Ratio Required For Capital Adequacy | $ 803,399 | $ 742,352 |
Leverage Ratio Required Fo Capital Adequacy Ratio | 4 | 4 |
FirstBank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) | $ 2,382,283 | $ 2,360,493 |
Total Capital (to Risk-Weighted Assets) Ratio | 19.91 | 19.91 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 957,305 | $ 948,624 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 1,196,631 | $ 1,185,780 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 10 | 10 |
Common Equity Tier One Capital | $ 2,024,235 | $ 1,903,251 |
Common Equity Tier One Capital (to Risk-Weighted Assets) Ratio | 16.92% | 16.05% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 538,484 | $ 533,601 |
Common Equity Tier One Capital (to Risk-Weighted Assets) Required for Capiral Adequacy Ratio | 4.50% | 4.50% |
Common Equity Tier One Capital Required to be Well-Capitalized | $ 777,810 | $ 770,757 |
Common Equity Tier One Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 6.50% | 6.50% |
Tier One Capital (to Risk-Weighted Assets) | $ 2,232,235 | $ 2,211,251 |
Tier One Capital (to Risk-Weighted Assets) Ratio | 18.65 | 18.65 |
Tier One Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 717,978 | $ 711,468 |
Tier One Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Tier One Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 957,305 | $ 948,624 |
Tier One Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 8 | 8 |
Leverage ratio | $ 2,232,235 | $ 2,211,251 |
Leverage Ratio | 11.12 | 11.92 |
Leverage Ratio Required For Capital Adequacy | $ 803,089 | $ 741,841 |
Leverage Ratio Required Fo Capital Adequacy Ratio | 4 | 4 |
Leverage Ratio Required To Be Well Capitalized | $ 1,003,862 | $ 927,301 |
Leverage Ratio Required To Be Well Capitalized Ratio | 5 | 5 |
FIRST BANCORP. (Holding Compa_3
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Unaudited) (Detail) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 |
ASSETS | |||
Cash and due from banks | $ 2,786,066 | $ 1,433,261 | $ 1,203,791 |
Money market investments | 2,703 | 60,572 | 97,692 |
Other investment securities | 37,722 | 37,588 | |
Other assets | 235,698 | 272,737 | |
Total assets | 21,369,962 | 18,793,071 | |
Liabilities: | |||
Other borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 291,254 | 276,747 | |
Total liabilities | 19,165,007 | 16,517,892 | |
Stockholders Equity | 2,204,955 | 2,275,179 | $ 2,214,834 |
Total liabilities and stockholders' equity | 21,369,962 | 18,793,071 | |
Holding Company [Member] | |||
ASSETS | |||
Cash and due from banks | 16,561 | 10,909 | |
Money market investments | 0 | 6,211 | |
Other investment securities | 285 | 285 | |
Other assets | 1,085 | 2,023 | |
Total assets | 2,395,947 | 2,463,216 | |
Liabilities: | |||
Other borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 7,230 | 4,275 | |
Total liabilities | 190,992 | 188,037 | |
Stockholders Equity | 2,204,955 | 2,275,179 | |
Total liabilities and stockholders' equity | 2,395,947 | 2,463,216 | |
Holding Company [Member] | Investment in First Bank Puerto Rico, at equity [Member] | |||
ASSETS | |||
Equity Method Investments | 2,325,452 | 2,396,963 | |
Holding Company [Member] | Investment in First Bank Insurance Agency, at equity | |||
ASSETS | |||
Equity Method Investments | 47,052 | 41,313 | |
Holding Company [Member] | Statutory Trust One [Member] | |||
ASSETS | |||
Equity Method Investments | 1,951 | 1,951 | |
Holding Company [Member] | Statutory Trust Two [Member] | |||
ASSETS | |||
Equity Method Investments | $ 3,561 | $ 3,561 |
FIRST BANCORP. (Holding Compa_4
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Income (Unaudited) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income: | ||||
Interest income on money market investments | $ 18,192 | $ 14,538 | $ 32,512 | $ 30,414 |
Other income | 433 | 283 | 782 | 2,545 |
Expense: | ||||
Income tax expense | 40,092 | 6,046 | 68,114 | 3,079 |
Net income | 70,558 | 21,256 | 131,708 | 23,522 |
Other comprehensive income (loss), net of tax | 28,496 | 4,154 | (70,433) | 46,506 |
Comprehensive income | 99,054 | 25,410 | 61,275 | 70,028 |
Holding Company [Member] | ||||
Income: | ||||
Interest income on money market investments | 8 | 15 | 24 | 48 |
Other income | 39 | 287 | 77 | 348 |
Total interest income and dividends on investments | 16,375 | 13,561 | 35,230 | 27,284 |
Expense: | ||||
Other borrowings | 1,285 | 1,641 | 2,579 | 3,673 |
Other operating expenses | 637 | 535 | 1,136 | 1,058 |
Total operating expenses | 1,922 | 2,176 | 3,715 | 4,731 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 14,453 | 11,385 | 31,515 | 22,553 |
Income tax expense | 659 | (159) | 1,788 | 1,223 |
Equity in undistributed earnings of subsidiaries | 56,764 | 9,712 | 101,981 | 2,192 |
Net income | 70,558 | 21,256 | 131,708 | 23,522 |
Other comprehensive income (loss), net of tax | 28,496 | 4,154 | (70,433) | 46,506 |
Comprehensive income | 99,054 | 25,410 | 61,275 | 70,028 |
Investment In Banking Subsidiary [Member] | Holding Company [Member] | ||||
Income: | ||||
Dividend income | $ 16,328 | $ 13,259 | $ 35,129 | $ 26,888 |
SUBSEQUENT EVENTS (Detail)
SUBSEQUENT EVENTS (Detail) - USD ($) $ in Thousands | Aug. 05, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||
Escrow Deposit Related To Loans Sold | $ 2,000 | |||||||||
Financing Receivable, Allowance for Credit Loss | $ 324,958 | $ 319,297 | $ 324,958 | $ 319,297 | $ 358,936 | $ 385,887 | $ 292,774 | $ 155,139 | ||
Provision For Loan And Lease Losses | (26,302) | 36,408 | (40,745) | 110,453 | ||||||
Residential Portfolio Segment [Member] | ||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||
Financing Receivable, Allowance for Credit Loss | 112,882 | 111,450 | 112,882 | 111,450 | $ 114,044 | $ 120,311 | $ 107,082 | $ 44,806 | ||
Provision For Loan And Lease Losses | $ 825 | $ 6,162 | $ (3,350) | $ 22,380 | ||||||
Nonperforming Financing Receivable [Member] | Residential Portfolio Segment [Member] | ||||||||||
Financing Receivable, Credit Quality Indicator [Line Items] | ||||||||||
Financing Receivable Significant Sales Book Value | 52,500 | |||||||||
Proceeds from Sale of Loans Receivable | 31,500 | |||||||||
Financing Receivable, Sale | 54,500 | |||||||||
Financing Receivable, Allowance for Credit Loss | $ 20,900 | |||||||||
Provision For Loan And Lease Losses | $ 2,100 |
Uncategorized Items - fbp-20210
Label | Element | Value |
Accounting Standards Update 2016-13 [Member] | Retained Earnings [Member] | ||
Stockholders Equity After New Accounting Principle In Period Of Adoption | fbp_StockholdersEquityAfterNewAccountingPrincipleInPeriodOfAdoption | $ 1,159,495,000 |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect Period Of Adoption Adjustment [Member] | Retained Earnings [Member] | ||
Stockholders Equity After New Accounting Principle In Period Of Adoption | fbp_StockholdersEquityAfterNewAccountingPrincipleInPeriodOfAdoption | 1,159,495,000 |
Cumulative Effect Of New Accounting Principle In Period Of Adoption 1 | fbp_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption1 | $ (62,322,000) |