Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Feb. 21, 2023 | Jun. 30, 2022 | |
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-K | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Common Stock Shares Outstanding | 180,585,944 | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Trading Symbol | FBP | ||
Entity Current Reporting Status | Yes | ||
Entity Shell Company | false | ||
Document Transition Report | 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 | San Juan | ||
Entity Address Country | PR | ||
Entity Address Postal Zip Code | 00908 | ||
City Area Code | 787 | ||
Local Phone Number | 729-8200 | ||
Security 12b Title | Common Stock ($0.10 par value) | ||
Security Exchange Name | NYSE | ||
Entity Interactive Data Current | Yes | ||
Entity Incorporation State Country Code | PR | ||
Entity Well Known Seasoned Issuer | Yes | ||
Entity Public Float | $ 2,373,329,883 | ||
Entity Voluntary Filers | No | ||
Document Annual Report | true | ||
Documents Incorporated By Reference TextBlock | Portions of the definitive proxy statement relating to incorporated by reference in response to Items 10, 11, | ||
Icfr Auditor Attestation Flag | true | ||
Auditor Name | Crowe LLP | ||
Auditor Firm Id | 173 | ||
Auditor Location | Fort Lauderdale, Florida |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Cash and due from banks | $ 478,480 | $ 2,540,376 |
Money market investments: | ||
Deposits with other financial institutions | 300 | 300 |
Other short-term investments | 1,725 | 2,382 |
Total money market investments | 2,025 | 2,682 |
Available-for-sale debt securities, at fair value: | ||
Securities pledged with creditors' rights to repledge | 81,103 | 321,180 |
Other available-for-sale debt securities | 5,518,417 | 6,132,581 |
Total available-for-sale securities, at fair value | 5,599,520 | 6,453,761 |
Held-to-maturity debt securities, at amortized cost, net of ACL of $8,286 as of December 31, 2022 and $8,571 as of December 31, 2021 (fair value 2022 - $427,115; 2021 - $ 167,147) | 429,251 | 169,562 |
Equity securities | 55,289 | 32,169 |
Total investment securities | 6,084,060 | 6,655,492 |
Loans, net of ACL of $260,464 (2021 - $269,030) | 11,292,361 | 10,791,628 |
Mortgage loans held for sale, at lower of cost or market | 12,306 | 35,155 |
Total loans, net | 11,304,667 | 10,826,783 |
Accrued interest receivable | 69,730 | 61,507 |
Premises and equipment, net | 142,935 | 146,417 |
Other real estate owned ("OREO") | 31,641 | 40,848 |
Deferred tax asset, net | 155,584 | 208,482 |
Goodwill | 38,611 | 38,611 |
Other intangible assets | 21,118 | 29,934 |
Other assets | 305,633 | 234,143 |
Total assets | 18,634,484 | 20,785,275 |
LIABILITIES | ||
Non-interest-bearing deposits | 6,112,884 | 7,027,513 |
Interest-bearing deposits | 10,030,583 | 10,757,381 |
Total deposits | 16,143,467 | 17,784,894 |
Securities sold under agreements to repurchase | 75,133 | 300,000 |
FHLB advances | 675,000 | 200,000 |
Other borrowings | 183,762 | 183,762 |
Accounts payable and other liabilities | 231,582 | 214,852 |
Total liabilities | 17,308,944 | 18,683,508 |
Commitments and contingencies (See Note 29) | ||
STOCKHOLDERS' EQUITY | ||
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 223,663,116 shares issued; 182,709,059 shares outstanding (2021 - 201,826,505 shares outstanding) | 22,366 | 22,366 |
Additional paid-in capital (See Note 1) | 970,722 | 972,547 |
Retained earnings, includes legal surplus reserve of $168,484 (2021 - $137,591) | 1,644,209 | 1,427,295 |
Treasury stock, at cost 40,954,057 shares (2021 - 21,836,611 shares) (See Note 1) | (506,979) | (236,442) |
Accumulated other comprehensive loss, net of tax of $8,468 as of December 31, 2022 (2021 - $9,786) | (804,778) | (83,999) |
Total stockholders' equity | 1,325,540 | 2,101,767 |
Total liabilities and stockholders' equity | $ 18,634,484 | $ 20,785,275 |
CONSOLIDATED STATEMENTS OF FI_2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Condensed Statement Of Financial Condition [Abstract] | ||
Amortized cost | $ 6,398,197 | $ 6,534,503 |
Debt Securities, Available-for-sale, Allowance for Credit Loss | 458 | 1,105 |
Held to Maturity Fair value | 427,115 | 167,147 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 8,286 | 8,571 |
Allowance for credit losses on loans and finance leases | $ 260,464 | $ 269,030 |
Common stock, par value | $ 0.10 | $ 0.10 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares, Issued | 223,663,116 | 223,663,116 |
Common stock, shares outstanding | 182,709,059 | 201,826,505 |
Income tax expense | $ 8,468 | $ 9,786 |
Legal Surplus Amount | $ 168,484 | $ 137,591 |
Treasury Stock Shares | 40,954,057 | 21,836,611 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest and dividend income: | |||
Loans | $ 747,901,000 | $ 719,153,000 | $ 631,047,000 |
Investment securities | 102,922,000 | 72,893,000 | 58,547,000 |
Money market investments and interest-bearing cash accounts | 11,791,000 | 2,662,000 | 3,388,000 |
Total interest and dividend income | 862,614,000 | 794,708,000 | 692,982,000 |
Interest expense: | |||
Deposits | 46,361,000 | 41,482,000 | 68,388,000 |
Securities sold under agreements to repurchase | 7,555,000 | 9,963,000 | 6,645,000 |
Advances from FHLB | 5,136,000 | 8,199,000 | 11,251,000 |
Other borrowings | 8,269,000 | 5,135,000 | 6,376,000 |
Total interest expense | 67,321,000 | 64,779,000 | 92,660,000 |
Net interest income | 795,293,000 | 729,929,000 | 600,322,000 |
Provision for credit losses - expense (benefit): | |||
Loans and finance leases | 25,679,000 | (61,720,000) | 168,717,000 |
Provision for credit losses - expense (benefit) | 27,696,000 | (65,698,000) | 170,985,000 |
Net interest income after provision for credit losses | 767,597,000 | 795,627,000 | 429,337,000 |
Non-interest income: | |||
Service charges and fees on deposit accounts | 37,823,000 | 35,284,000 | 24,612,000 |
Mortgage banking activities | 15,260,000 | 24,998,000 | 22,124,000 |
Net gain investment securities | 0 | 0 | 13,198,000 |
Gain on early extinguishment of debt | 0 | 0 | 94,000 |
Insurance commission income | 13,743,000 | 11,945,000 | 9,364,000 |
Card and processing income | 40,416,000 | 36,508,000 | 25,609,000 |
Other non-interest income | 15,850,000 | 12,429,000 | 16,225,000 |
Total non-interest income | 123,092,000 | 121,164,000 | 111,226,000 |
Non-interest expenses: | |||
Employees' compensation and benefits | 206,038,000 | 200,457,000 | 177,073,000 |
Occupancy and equipment | 88,277,000 | 93,253,000 | 74,633,000 |
Business promotion | 18,231,000 | 15,359,000 | 12,145,000 |
Professional service fees | 47,848,000 | 59,956,000 | 52,633,000 |
Taxes, other than income taxes | 20,267,000 | 22,151,000 | 17,762,000 |
Federal Deposit Insurance Corporation ("FDIC") deposit insurance | 6,149,000 | 6,544,000 | 6,488,000 |
Net (gain) loss on OREO operations | (5,826,000) | (2,160,000) | 3,598,000 |
Credit and debit card processing expenses | 22,736,000 | 22,169,000 | 19,144,000 |
Communications | 8,723,000 | 9,387,000 | 8,437,000 |
Merger and restructuring costs | 0 | 26,435,000 | 26,509,000 |
Other non-interest expenses | 30,662,000 | 35,423,000 | 25,818,000 |
Total non-interest expenses | 443,105,000 | 488,974,000 | 424,240,000 |
Income before income taxes | 447,584,000 | 427,817,000 | 116,323,000 |
Income tax expense | 142,512,000 | 146,792,000 | 14,050,000 |
Net income | 305,072,000 | 281,025,000 | 102,273,000 |
Net income attributable to common stockholders | $ 305,072,000 | $ 277,338,000 | $ 99,597,000 |
Net income per common share: | |||
Basic | $ 1.60 | $ 1.32 | $ 0.46 |
Diluted | $ 1.59 | $ 1.31 | $ 0.46 |
Debt Securities [Member] | |||
Provision for credit losses - expense (benefit): | |||
Other credit losses | $ (719,000) | $ (410,000) | $ 1,085,000 |
Unfunded Loan Commitment [Member] | |||
Provision for credit losses - expense (benefit): | |||
Other credit losses | $ 2,736,000 | $ (3,568,000) | $ 1,183,000 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income | $ 305,072 | $ 281,025 | $ 102,273 |
Available-for-sale debt securities: | |||
Net unrealized holding (losses) gains on debt securities | (718,582) | (143,115) | 61,791 |
Reclassification adjustment for provision for credit loss expense | 0 | 0 | |
Reclassification adjustment for net gains included in net income on sales | 0 | 0 | (13,198) |
Defined benefit plans adjustments: | |||
Net actuarial (loss) gain | (2,199) | 3,660 | (270) |
Reclassification adjustment for amortization of net actuarial loss | 2 | 1 | 0 |
Other comprehensive (loss) income for the year, net of tax | (720,779) | (139,454) | 48,691 |
Total comprehensive (loss) income | (415,707) | 141,571 | 150,964 |
Income tax effect of items included in other comprehensive (loss) income: | |||
Net actuarial (loss) gain | 1,319 | (2,199) | 162 |
Reclassification adjustment for amortization of net actuarial loss | (1) | 0 | 0 |
Total income tax effect of items included in other comprehensive (loss) income | $ 1,318 | $ (2,199) | 162 |
Accounting Standards Update 2016-13 [Member] | |||
Available-for-sale debt securities: | |||
Reclassification adjustment for provision for credit loss expense | $ 368 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities: | |||
Net income | $ 305,072 | $ 281,025 | $ 102,273 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 22,289 | 24,965 | 20,068 |
Amortization of intangible assets | 8,816 | 11,407 | 5,912 |
Provision for credit losses - expense (benefit) | 27,696 | (65,698) | 170,985 |
Deferred income tax expense (benefit) | 54,216 | 118,323 | (4,371) |
Stock-based compensation | 5,407 | 5,460 | 5,117 |
Gain on early extinguishment of debt | 0 | 0 | (94) |
Gain on sales of investment securities | 0 | 0 | (13,198) |
Unrealized gain on derivative instruments | (1,098) | (4,227) | (5,635) |
Net gain on disposals, sales and impairments of premises and equipment and other assets | (706) | (32) | (215) |
Net gain on sales of loans and valuation adjustments | (5,498) | (14,791) | (13,273) |
Net amortization of discounts, premiums, and deferred loan fees and costs | (7,853) | (25,294) | (8,602) |
Originations and purchases of loans held for sale | (214,962) | (503,200) | (648,052) |
Sales and repayments of loans held for sale | 235,199 | 528,253 | 659,349 |
Amortization of broker placement fees | 106 | 218 | 537 |
Net amortization of premiums and discounts on investment securities | 3,435 | 26,549 | 19,410 |
(Increase) decrease in accrued interest receivable | (11,340) | 7,701 | 6,419 |
Increase (decrease) in accrued interest payable | 1,706 | (2,776) | (2,990) |
(Increase) decrease in other assets | (2,437) | 24,344 | (5,018) |
Increase (decrease) in other liabilities | 20,437 | (12,506) | 9,116 |
Net cash provided by operating activities | 440,485 | 399,721 | 297,738 |
Cash flows from investing activities: | |||
Net (disbursements) repayments on loans held for investment | (603,853) | 599,097 | (335,152) |
Proceeds from sales of loans held for investment | 62,168 | 81,458 | 6,788 |
Proceeds from sales of repossessed assets | 46,281 | 55,867 | 35,270 |
Proceeds from sales of available-for-sale securities | 0 | 0 | 1,195,250 |
Purchases of available-for-sale securities | (512,327) | (3,447,921) | (3,820,148) |
Proceeds from principal repayments and maturities of available-for-sale debt securities | 626,802 | 1,445,873 | 1,277,762 |
Purchases of held-to-maturity investment securities | (289,784) | 0 | 0 |
Proceeds from principal repayments and maturities of held-to-maturity securities | 32,153 | 12,677 | 6,431 |
Additions to premises and equipment | (20,459) | (13,349) | (16,070) |
Proceeds from sales of premises and equipment and other assets | 1,196 | 832 | 497 |
Net (purchases) redemptions of other investments securities | (23,637) | 5,322 | 3,881 |
Proceeds from the settlement of insurance claims - investing activities | 0 | 550 | 0 |
Net (payments) cash acquired in acquisition | 0 | (3,381) | 406,626 |
Net cash used in investing activities | (681,460) | (1,262,975) | (1,238,865) |
Cash flows from financing activities: | |||
Net (decrease) increase in deposits | (1,706,118) | 2,472,579 | 1,767,441 |
Net proceeds from short-term borrowings | 550,133 | 0 | (35,000) |
Repayments of long-term borrowings | (500,000) | (240,000) | (95,282) |
Proceeds from long-term borrowings | 200,000 | 0 | 0 |
Proceeds from long-term reverse repurchase agreements | 0 | 0 | 200,000 |
Repurchase of outstanding common stock | (277,769) | (216,522) | (206) |
Dividends paid on common stock | (87,824) | (65,021) | (43,416) |
Dividends paid on preferred stock | 0 | (2,453) | (2,676) |
Redemption of preferred stock - Series A through E | 0 | (36,104) | 0 |
Net cash (used in) provided by financing activities | (1,821,578) | 1,912,479 | 1,790,861 |
Net (decrease) increase in cash and cash equivalents | (2,062,553) | 1,049,225 | 849,734 |
Cash and cash equivalents at beginning of year | 2,543,058 | 1,493,833 | 644,099 |
Cash and cash equivalents at end of year | 480,505 | 2,543,058 | 1,493,833 |
Cash and cash equivalents include: | |||
Cash and due from banks | 478,480 | 2,540,376 | 1,433,261 |
Money market instruments | 2,025 | 2,682 | 60,572 |
Cash and Cash Equivalents, at Carrying Value, Total | $ 480,505 | $ 2,543,058 | $ 1,493,833 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] Preferred Stock [Member] | Retained Earnings [Member] | Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member] Cumulative Effect Period Of Adoption Adjusted Balance [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive (Loss) Income, net of tax [Member] |
Balance at beginning of period at Dec. 31, 2019 | $ 36,104 | $ 22,210 | $ 960,342 | $ 1,221,817 | $ (19,170) | $ 6,764 | ||||
Balance at beginning of period (ASU 2016-13) at Dec. 31, 2019 | $ (62,322) | $ 1,159,495 | ||||||||
Redemption of Series A through E Preferred Stock | 0 | |||||||||
Common stock repurchases (See Note 17) | (200) | |||||||||
Common stock issued stock-based compensation plan | 93 | (93) | 0 | |||||||
Stock-based compensation | 5,117 | |||||||||
Restricted stock forfeited | 19 | (19) | ||||||||
Net income | $ 102,273 | 102,273 | ||||||||
Dividends on common stock (2022 - $0.46 per share; 2021 - $0.31per share; 2020 - $0.20 per share) | (43,771) | |||||||||
Dividends on preferred stock | (2,676) | |||||||||
Issuance costs of Series A through E Preferred Stock redeemed | $ 0 | |||||||||
Excess of redemption value over carrying value of Series A through E Preferred Stock redeemed | 0 | 0 | ||||||||
Other comprehensive (loss) income, net of tax | 48,691 | 48,691 | ||||||||
Balance at end of period at Dec. 31, 2020 | 2,275,179 | 36,104 | 22,303 | 965,385 | 1,215,321 | (19,389) | 55,455 | |||
Redemption of Series A through E Preferred Stock | (36,104) | |||||||||
Common stock repurchases (See Note 17) | (216,522) | |||||||||
Common stock issued stock-based compensation plan | 63 | (63) | 0 | |||||||
Stock-based compensation | 5,460 | |||||||||
Restricted stock forfeited | 531 | (531) | ||||||||
Net income | 281,025 | 281,025 | ||||||||
Dividends on common stock (2022 - $0.46 per share; 2021 - $0.31per share; 2020 - $0.20 per share) | (65,364) | |||||||||
Dividends on preferred stock | (2,453) | |||||||||
Issuance costs of Series A through E Preferred Stock redeemed | 1,234 | |||||||||
Excess of redemption value over carrying value of Series A through E Preferred Stock redeemed | (1,234) | (1,234) | ||||||||
Other comprehensive (loss) income, net of tax | (139,454) | (139,454) | ||||||||
Balance at end of period at Dec. 31, 2021 | 2,101,767 | 0 | 22,366 | 972,547 | 1,427,295 | (236,442) | (83,999) | |||
Redemption of Series A through E Preferred Stock | 0 | |||||||||
Common stock repurchases (See Note 17) | (277,769) | |||||||||
Common stock issued stock-based compensation plan | 0 | (7,365) | 7,365 | |||||||
Stock-based compensation | 5,407 | |||||||||
Restricted stock forfeited | 133 | (133) | ||||||||
Net income | 305,072 | 305,072 | ||||||||
Dividends on common stock (2022 - $0.46 per share; 2021 - $0.31per share; 2020 - $0.20 per share) | (88,158) | |||||||||
Dividends on preferred stock | 0 | |||||||||
Issuance costs of Series A through E Preferred Stock redeemed | $ 0 | |||||||||
Excess of redemption value over carrying value of Series A through E Preferred Stock redeemed | 0 | 0 | ||||||||
Other comprehensive (loss) income, net of tax | (720,779) | (720,779) | ||||||||
Balance at end of period at Dec. 31, 2022 | $ 1,325,540 | $ 0 | $ 22,366 | $ 970,722 | $ 1,644,209 | $ (506,979) | $ (804,778) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract] | |||
Common Stock Dividends Per Share Declared | $ 0.46 | $ 0.31 | $ 0.20 |
NATURE OF BUSINESS AND SUMMARY
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 Nature of business First BanCorp. (the “Corporation”) of the Commonwealth Governors of FirstBank Puerto Rico (“FirstBank” mortgage banking with operations in Puerto Rico, the United States, the U.S. Virgin The Corporation Agency, Agency is Office Insurance State subject to regulation to regulation regulates FirstBank’s consumer FirstBank Insurance Agency of FirstBank conducts its 59 eight banking branches in the nine subsidiaries specializing 27 corporation, under the and 2019, which will commence operations in 2023 and will engage in investing General principles (“GAAP”). The following is a description of the Corporation’s Principles of consolidation The balances included preferred Corporation’s Standards Board details regarding the Corporation’s . Use of estimates in the preparation of financial statements The affect amounts of revenues and expenses during the reporting period. Management value rights, and loans held for sale. Actual results could differ from those estimates. Change in accounting method Effective value to a of stocks repurchased and application of capital. changes 19 million and an increase in impact capital measures. Cash and cash equivalents For purposes of the Federal Reserve Bank of New York money market funds and short-term investments with original maturities of Investment securities The Corporation classifies its investments in debt and equity securities into one Held-to-maturity amortized hold other debt securities to occurred. Trading are Corporation did not hold debt securities for trading purposes. Available-for-sale unrealized component of ACL is recorded. Equity consolidated principally value of changes in unrealized gains or losses recorded through earnings in other Premiums related securities prepayments are anticipated. Premiums on securities are using the specific identification method. A debt accrued additional information on nonaccrual debt securities. Allowance As portfolio consisted of U.S. government-sponsored entities (“GSEs”) The ACL (“CECL”) securities amount the Corporation expects to collect. The Corporation government, Puerto reasonable registered arrangements with Puerto features i.e ., special continuous basis held-to-maturity default (“LGD”), as financial over the other relevant current factors based on industry for each cost period approach and forecast period covering the remaining contractual historical adjustments management’s evaluation specific risks, nature associated with factors such as changes in underwriting and resolution strategies, The Corporation accrued balances for changes in the ACL for held-to-maturity debt securities during the years ended December Allowance For position, the Corporation first assesses whether before amortized cost excess of such ACL would be recorded through not other capacity, than latest principal or interest payments, recent legislation and to deal with collateral assumptions payments collected from collected is less than the amortized amount by which been recorded through an ACL. Non-credit-related impairments result from The Corporation allowance criteria regarding to available-for-sale debt securities, as uncollectible accrued interest Substantially all implicitly guaranteed Accordingly, assumptions MBS and Value. Loans held for investment Loans that the reported Amortized cost is the principal outstanding balance, fees principal balance plus uncollected unpaid interest Unearned under a or costs, discounts and premiums are included in loan interest income Nonaccrual nonaccrual. 90 mortgage loans insured or guaranteed the guaranteed by 90 repayment is insured or guaranteed. However, such 15 loans when 90 180 and condition income nonaccrual collectability of loan i.e. , the cost recovery method). Under the cost-recovery the charged-off current under six months ) and the secured and in are commercial mortgage, payments. uncollectible accrued interest receivables Loans Acquired Loans acquired through a purchase date. insignificant deterioration deteriorated origination, accreted purchase or acquisition of non-PCD loans, determining which the loans are purchased or acquired. Acquired loans that are classified difference between accreted into interest PCD loans is established through an adjustment in the period in which the loans are acquired. At acquisition, the ACL for determined Characteristics other more than (“BSPR”) approximately $ 752.8 28.7 the loans. Subsequent methodology in the same manner as all other loans. For PCD loans under Loans Acquired transition approach. 310-30 as “units of $ 101.7 1.9 acquisitions FirstBank through an alliance with as well as other first Corporation Corporation is practice recognition for PCD loans that by regulatory guidance, previously individual loans amounts ownership Corporation Corporation restructurings (“TDRs”) as of the date of adoption. Charge-off Corporation and subsequent recoveries of previously charged-off The Corporation foreclosure is probable or when repayment the borrower is experiencing are considered collateral or credit deterioration. Residential mortgage loans are 180 residential real estate. adjusted accordance based on the fair value of the collateral at the reporting date, adjusted for undiscounted Collateral written uncollectible and 0.5 closed-end consumer off when 120 when 180 180 needed, to fair confirming indicating a collateral deficiency when the asset is the sole source of repayment. Troubled the modifications limited to, deferment of principal remain in accrual status when the restructuring as TDRs will remain for a minimum of six months, and there is evidence that such payments can, and A loan market rate with no concessionary terms is accounted for as a new loan and is no Refer Restructurings and January 1, 2023 . Allowance for credit losses for loans and finance leases The ACL basis confirms the loan balance is uncollectable. The Corporation events, estimation of expected risk Corporation’s unemployment rates, property values, and other relevant to cause over the contractual term renewals, and that a contract at the reporting date and are not unconditionally cancellable by The dependent loans and certain TDR of monitors the portfolio segments and classes. The Corporation has identified the following ● Residential – Residential receive first lien closed-end loans secured by 1-4 single-family residential properties. ● Commercial which property. ● Commercial and Industrial comes refinancing current well as middle-market customers across several industries, and the government ● Construction – industrial, new prospective tenants or purchasers may erode after construction begins because ● Consumer Consumer family, and other personal For i.e., Rico/Virgin product of a determine using the prepayments. For guaranteed qualified insurance program whereas loans insured or guaranteed ACL is PD macroeconomic variables, historical variables, such as the regional housing price index. For commercial occupancy, historical charge-off events and recovery value, expectations, rates, among others. For C&I and industry expectations performance and the equity market. For historical other specific attributes of the variables, such as unemployment rates, GDP, For consumer loans, (iii) credit types including, but not limited to, auto loans and finance and forward-looking macroeconomic based determines vintage by key macroeconomic variables, such as regional GDP, For the Virgin two years three years , utilizing a considers macroeconomic variable. for prepayments, recessionary periods. Furthermore, the be related and how limited to, expectations risks such impact credit quality, among others. In addition reasonably 0.5 construction collateral discounted cash flow and LGDs derived from the term (or at the arrive modified in a TDR, the ACL is measured using the same methodologies as those used See Note 5 – portfolio loans and finance leases during the year ended December 31, 2022, Refer January 1, 2023. Allowance for credit losses on off-balance sheet credit exposures and The Corporation estimates expected contractual balance sheet that funding December 31, credit methodologies calculated using ACL on off-balance sheet financial condition with adjustments included as part of the provision See unfunded ACL for off-balance sheet credit exposures The guaranteed included interest expenses amortized cost was immaterial. Loans held for sale Loans future Generally, National Mortgage Association (“GNMA”) Corporation intends Mortgage Corporation (“FHLMC”). the aggregate portfolio included income. amortized cost basis when sale, if any, valuation allowance reported as part of other non-interest income In certain circumstances, If such a of loans held transfer. Any amortized cost are reflected in held for investment are earnings. Upon transfer to held for investment, the Corporation calculates Transfers and servicing of financial assets and extinguishment After a transfer of assets when it has surrendered control and derecognizes liabilities when they A transfer of financial consideration other transferred transferee transferred repurchase criteria, secured borrowing. Servicing assets The Corporation recognizes purchased. In the ordinary course of business, loans are FHLMC, with servicing retained. Mortgage between loan-servicing functions financial condition, contractual mortgage remuneration when collected. Considerable judgment is required value value static cash from assumptions: (i) market-derived cost balances, delinquencies and foreclosures, late fees, prepayments, and prepayment Once allowance for portfolio other-than-temporary than temporary or not. its mortgage banking activities in the consolidated statements of income The servicing income. calculated remaining net MSR forecasted cash flow. Premises and equipment Premises straight-line method the terms i.e. , the improvements, whichever are expensed cost and related non-interest intends to less cost to carrying amount equipment expenses in the consolidated statements of income. Operating leases recognized commencement leases are the commencement on fully initial measurement of the of the operating leases two years 30 years , some ten years . lease occupancy and equipment expenses that is based includes consolidated statements As of December 31, 2022, the Corporation, as lessee, did no t have any leases that qualified as finance leases. Other real estate owned (“OREO”) OREO, estate acquired. their net maintaining resulting operations in the consolidated statements of income. Appraisals are obtained . Claims arising from FHA/VA Upon derecognizes statements Consumer information on foreclosures associated to December 31, 2022 and 2021. Goodwill and other intangible assets Goodwill Goodwill transactions accounted benefit from association with available to support circumstances exist that indicate a possible reduction relevant below its Consumer goodwill information on the qualitative assessment performed by the Corporation Other core deposit intangibles based assets for impairment whenever events Securities purchased and sold under agreements to repurchase The collateralized financing purchased or to, and the related monitoring process. similar identical certain agreements may have the right to repledge the collateral by contract in activities may be by Corporation offsets repurchase where it has such the same maturity date, and the amounts are determinable. From applicable original terms, substantially different 10 % different the recorded consolidated statements modified substantially original substantially different from the original terms, and, . Income taxes The Corporation tax consequences assets result in taxable which the temporary tax rates income taxes are included tax assets to the that can taxes requires the consideration of all sources of taxable income of temporary differences and treatment information. Under tax benefit difference between as an Unrecognized Ta The Corporation releases income tax effects from OCL as pension Stock repurchases Treasury financial condition. When the reissued at prices that differ from the reacquisition cost. Stock-based compensation Compensation The Incentive “awards”) other stock-based value employee retirement eligibility of the award. Stock-based compensation forfeited due compensation forfeiture estimate is changed. If the actual forfeiture the lower expense recognized in the financial awards granted, see Note 16 – Stock-Based Compensation. Comprehensive (loss) income Comprehensive (loss) for-sale debt securities and change in unrecognized pension Pension and other postretirement benefits The Corporation complementary postretirement acquisition. based on the losses. The funding the future. To year. The these benefits in the future, is accrued during the years that the employee renders The funded status financial condition. In addition, to the plan are charged income. Segment information The Corporation reports financial and an allocate resources segment definition described above geographic areas for six segments Treasury and Investments; United States Operations; information. Valuation The measurement The Corporation investments and liabilities is reflected at fair value on the Corporation’s The FASB’s an asset or paid to transaction between market financial observable or unobservable. Under the certain financial assets and current earnings. Value Revenue from contract with customers See Note and presentation revenue. Earnings per common share Basic earnings per share of preferred dividends common computation of diluted earnings per share is similar to the computation average dilutive common shares had been issued, referred to as potential common shares. Potential dilutive warrants treasury stock from the exercise, in addition to the amount the incremental stock, stock options, and purchased would have contain non-forfeitable dividend rights if the performance condition Accounting Standards Adopted in 2022 ASU issuance December residual exposure after June 30, 2023. The Corporation was not impacted by the adoption of the following ASUs during 2022: ● ASU 2021-05, “Leases (Topic ● ASU Compensation (Subtopic Call Options (a Consensus of the Emerging Issues Task ● ASU 2020-06, “Debt in Equity” Recently Issued Accounting Standards Not Yet Standard Description Effective Date Effect on the financial statements ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Securities Subject to Contractual Sale Restrictions” In June 2022, the FASB issued ASU 2022-03 which, among other things, clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account and, therefore, is not considered in measuring fair value; and introduces new disclosure requirements for equity securities subject to contractual sale restrictions. January 1, 2024. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Corporation is evaluating the impact that this ASU will have on its financial statements and disclosures. The Corporation does not expect to be materially impacted by the adoption of this ASU during the first quarter of 2024. ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” In March 2022, the FASB issued ASU 2022-02 which eliminates the TDRs recognition and measurement guidance. As such, the requirement to use a discounted cash flow method for TDRs that involve a concession that can only be captured by means of this method is no longer required and the consideration of reasonably expected TDRs is eliminated from ASC Topic 326. In addition, the ASU enhances disclosure requirements for loan restructurings by creditors made to borrowers experiencing financial difficulty for which the terms of the receivables have been modified, regardless of whether the refinancing is accounted for as a new loan, and amends the guidance on vintage disclosures to require disclosure of gross write-offs by year of origination. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation adopted the amendments of this update during the first quarter of 2023 using a modified retrospective transition method with respect to the portion of the standard that relates to the recognition and measurement of TDRs (i.e. adjustments to the ACL that had been calculated using a discounted cash flow methodology for loans modified as a TDR prior to the adoption of these amendments). As of January 1, 2023, the Corporation recorded a cumulative effect adjustment of 1 after-tax, as a reduction to retained earnings. In addition, the Corporation performed the necessary data updates to comply with the enhanced disclosure requirements. ASU 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method” In March 2022, the FASB issued ASU 2022-01 which, among others, expands the current last-of- layer method to allow multiple hedged layers and the scope of the portfolio layer method to non- prepayable financial assets. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation does not expect to be impacted by the amendments of this update since it does not apply fair value hedge accounting to any of its derivatives. ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities From Contracts With Customers” In October 2021, the FASB issued ASU 2021-08 which, among others, requires that the acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 and provides certain practical expedients. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation will consider these amendments on business combinations completed on or after the adoption date. |
MONEY MARKET INVESTMENTS
MONEY MARKET INVESTMENTS | 12 Months Ended |
Dec. 31, 2022 | |
MONEY MARKET INVESTMENTS [Abstract] | |
Money Market Investments [Text Block] | NOTE 2 – MONEY MARKET . INVESTMENTS Money market investments are composed of time deposits, investments with original maturities of three months or less. Money market investments as of December 31, 2022 and 2021 were as follows: 2022 2021 (Dollars in thousands) Time deposits with other financial institutions (1) (2) $ 300 $ 300 Overnight deposits with other financial institutions (3) 541 1,200 Other short-term investments (4) 1,184 1,182 $ 2,025 $ 2,682 (1) Consists of time deposits segregated for compliance with the Puerto (2) Interest rate of 0.40 % and 0.05 % as of December 31, 2022 and 2021, respectively. (3) Weighted-average interest rate 4.33 % and 0.07 % as of December 31, 2022 and 2021, respectively. (4) Weighted-average interest rate 0.14 % and 0.15 % as of December 31, 2022 and 2021, respectively. As 0.5 1.2 collateral as part of margin calls associated to derivative contracts. |
DEBT SECURITIES
DEBT SECURITIES | 12 Months Ended |
Dec. 31, 2022 | |
DEBT SECURITIES [Abstract] | |
DEBT SECURITIES [Text Block] | NOTE 3 – DEBT SECURITIES Available-for-Sale The amortized available-for-sale debt securities by contractual maturities as of December 31, 2022 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: Due within one year $ 7,493 $ - $ 309 $ - $ 7,184 0.22 After 1 to 5 years 141,366 - 9,675 - 131,691 0.70 U.S. GSEs' obligations: Due within one year 129,018 - 4,036 - 124,982 0.32 After 1 to 5 years 2,395,273 22 227,724 - 2,167,571 0.83 After 5 to 10 years 56,251 13 7,670 - 48,594 1.54 After 10 years 12,170 36 - - 12,206 4.62 Puerto Rico government obligations: (2) 3,331 - 755 375 2,201 - United States and Puerto Rico government obligations 2,744,902 71 250,169 375 2,494,429 0.83 MBS: FHLMC certificates: After 1 to 5 years 4,235 - 169 - 4,066 2.33 After 5 to 10 years 204,085 - 19,061 - 185,024 1.55 After 10 years 1,092,289 - 186,558 - 905,731 1.38 1,300,609 - 205,788 - 1,094,821 1.41 GNMA certificates: Due within one year 5 - - - 5 1.73 After 1 to 5 years 15,508 - 622 - 14,886 2.00 After 5 to 10 years 45,322 1 3,809 - 41,514 1.31 After 10 years 232,632 51 27,169 - 205,514 2.47 293,467 52 31,600 - 261,919 2.27 FNMA certificates: After 1 to 5 years 9,685 - 521 - 9,164 1.76 After 5 to 10 years 400,223 - 36,871 - 363,352 1.70 After 10 years 1,186,635 124 186,757 - 1,000,002 1.38 1,596,543 124 224,149 - 1,372,518 1.46 by the FHLMC, FNMA and GNMA ("CMOs"): After 1 to 5 years 30,578 - 4,463 - 26,115 2.43 After 10 years 423,695 - 80,271 - 343,424 1.38 454,273 - 84,734 - 369,539 1.45 Private label: 7,903 - 2,026 83 5,794 6.83 Total MBS 3,652,795 176 548,297 83 3,104,591 1.52 Other 500 - - - 500 0.84 Total available-for-sale debt securities $ 6,398,197 $ 247 $ 798,466 $ 458 $ 5,599,520 1.22 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 11.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. During 2021, the Corporation placed this instrument in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. The amortized available-for-sale debt securities by contractual maturities as of December 31, 2021 Amortized cost Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: After 1 to 5 years $ 149,660 $ 59 $ 1,233 $ - $ 148,486 0.68 U.S. GSEs' obligations: 1,877,181 240 29,555 - 1,847,866 0.60 403,785 175 10,856 - 393,104 0.90 15,788 224 - - 16,012 0.63 Puerto Rico government obligations: (2) 3,574 - 416 308 2,850 - United States and Puerto Rico government obligations 2,449,988 698 42,060 308 2,408,318 0.67 MBS: After 1 to 5 years 2,811 119 - - 2,930 2.65 After 5 to 10 years 193,234 2,419 1,122 - 194,531 1.29 After 10 years 1,240,964 3,748 23,503 - 1,221,209 1.18 1,437,009 6,286 24,625 - 1,418,670 1.20 Due within one year 2 - - - 2 1.32 After 1 to 5 years 16,714 572 - - 17,286 2.90 After 5 to 10 years 27,271 80 139 - 27,212 0.51 After 10 years 338,927 7,091 2,174 - 343,844 1.45 382,914 7,743 2,313 - 388,344 1.45 Due within one year 4,975 21 - - 4,996 2.03 After 1 to 5 years 21,337 424 - - 21,761 2.87 After 5 to 10 years 298,771 4,387 1,917 - 301,241 1.41 After 10 years 1,389,381 8,953 21,747 - 1,376,587 1.21 1,714,464 13,785 23,664 - 1,704,585 1.27 CMOs: After 1 to 5 years 24,007 1 778 - 23,230 1.31 After 5 to 10 years 14,316 97 - - 14,413 0.76 After 10 years 500,811 290 13,134 - 487,967 1.23 539,134 388 13,912 - 525,610 1.22 Private label: 9,994 - 1,963 797 7,234 2.21 Total MBS 4,083,515 28,202 66,477 797 4,044,443 1.26 Other Due within one year 500 - - - 500 0.72 After 1 to 5 years 500 - - - 500 0.84 1,000 - - - 1,000 0.78 Total available-for-sale debt securities $ 6,534,503 $ 28,900 $ 108,537 1,105 $ 6,453,761 1.03 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. During 2021, the Corporation placed this instrument in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. Maturities differ available-for-sale unrealized gain or loss on available-for-sale debt securities is The aggregated by of December 31, 2022 and 2021. The tables also include debt securities for As of December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs' $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 Puerto Rico government obligations - - 2,201 755 (1) 2,201 755 MBS: FHLMC 263,184 45,776 831,637 160,012 1,094,821 205,788 GNMA 74,829 3,433 179,854 28,167 254,683 31,600 FNMA 424,178 51,289 938,625 172,860 1,362,803 224,149 CMOs 54,688 6,788 314,851 77,946 369,539 84,734 Private label - - 5,794 2,026 (1) 5,794 2,026 $ 1,115,192 $ 125,343 $ 4,447,686 $ 673,123 $ 5,562,878 $ 798,466 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.1 As of December 31, 2021 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs' $ 1,717,340 $ 25,401 $ 606,179 $ 16,243 $ 2,323,519 $ 41,644 Puerto Rico government obligations - - 2,850 416 (1) 2,850 416 MBS: FHLMC 986,345 16,144 221,896 8,481 1,208,241 24,625 GNMA 194,271 1,329 41,233 984 235,504 2,313 FNMA 1,237,701 19,843 112,559 3,821 1,350,260 23,664 CMOs 466,004 13,552 16,656 360 482,660 13,912 Private label - - 7,234 1,963 (1) 7,234 1,963 $ 4,601,661 $ 76,269 $ 1,008,607 $ 32,268 $ 5,610,268 $ 108,537 (1) Unrealized losses do not include the credit loss component recorded 0.3 $ 0.8 There ended December 1.2 gains of 13.3 0.1 13.2 was realized at the the year ended December 31, 2020. Assessment for Credit Losses Debt securities substantially all of the total available-for securities, attributable to government recovery, Corporation’s for which credit losses are evaluated on a quarterly basis. The 5.8 unrealized 2.1 0.1 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. of December 31, required to sell the securities before adjusted and forward-looking expected assumptions in the valuation of the private label MBS were as follows: As of As of December 31, 2022 December 31, 2021 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 16.2% 16.2% 16.2% 12.9% 12.9% 12.9% Prepayment rate 11.8% 1.5% 15.2% 15.2% 7.6% 24.9% Projected Cumulative Loss Rate 5.6% 0.3% 15.6% 7.6% 0.2% 15.7% The Corporation flows. As of December 31, 2022, the ACL for these 0.1 0.8 2021. As MBS issued by the PRHFA, 2.2 of approximately 1.1 0.4 ACL. The underlying residential pass-through MBS repayment on this provides During mortgage loans collateral. considered the historical payment regional expected compared outstanding factors, Rico Corporation. As that it will not be required to sell the security before its anticipated recovery. ACL on available-for-sale debt securities: Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 797 $ 308 $ 1,105 Provision for credit losses - (benefit) expense (501) 67 (434) Net charge-offs (213) - (213) $ 83 $ 375 $ 458 Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 1,002 $ 308 $ 1,310 Provision for credit losses - (benefit) (136) - (136) Net charge-offs (69) - (69) $ 797 $ 308 $ 1,105 Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ - $ - $ - Provision for credit losses - expense 1,333 308 1,641 Net charge-offs (331) - (331) $ 1,002 $ 308 $ 1,310 During 86.1 62.7 million; 2020 - $ 49.0 40.7 25.7 38.5 primarily relate to MBS and whose interest income and sales are exempt from Puerto Rico income Held-to-Maturity Debt Securities The maturities of held-to-maturity debt securities as of December 31, 2022 and : December 31, 2022 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 42,530 886 1,076 42,340 656 6.34 55,956 3,182 360 58,778 3,243 6.29 66,022 - 1,318 64,704 4,385 7.10 Total Puerto Rico municipal bonds 165,710 4,068 2,769 167,009 8,286 6.62 MBS: After 5 to 10 years $ 21,443 $ - $ 746 $ 20,697 $ - 3.03 After 10 years 19,362 - 888 18,474 - 4.21 40,805 - 1,634 39,171 - 3.59 ` After 10 years 19,131 - 943 18,188 - 3.35 After 1 to 5 years 9,621 - 396 9,225 - 3.48 After 10 years 72,347 - 3,155 69,192 - 4.14 81,968 - - 3,551 78,417 - 4.06 After 10 years 129,923 - 5,593 124,330 - 3.24 Total MBS 271,827 - 11,721 260,106 - 3.55 Total held-to-maturity debt securities $ 437,537 $ 4,068 $ 14,490 $ 427,115 $ 8,286 4.71 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 5.5 consolidated statements of financial condition, and is excluded from the estimate of credit losses. December 31, 2021 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 2,995 $ 5 $ - $ 3,000 $ 70 5.39 14,785 526 156 15,155 347 2.35 90,584 1,555 3,139 89,000 3,258 4.25 69,769 - 9,777 59,992 4,896 4.06 Total held-to-maturity debt securities $ 178,133 $ 2,086 $ 13,072 $ 167,147 $ 8,571 4.04 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 3.4 consolidated statements of financial condition, and is excluded from the estimate of credit losses. During 2022, 289.9 debt securities. The following by category and length of time that individual securities had been and 2021, including debt securities for which an ACL was recorded: As of December 31, 2022 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 98,797 $ 2,769 $ 98,797 $ 2,769 FHLMC certificates 39,171 1,634 - - 39,171 1,634 GNMA certificates 18,188 943 - - 18,188 943 FNMA certificates 78,417 3,551 - - 78,417 3,551 CMOs 124,330 5,593 - - 124,330 5,593 Total held-to-maturity debt securities $ 260,106 $ 11,721 $ 98,797 $ 2,769 $ 358,903 $ 14,490 As of December 31, 2021 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 140,732 $ 13,072 $ 140,732 $ 13,072 The GSEs and portfolio were rating agencies and have a ACL based on as described in Note 1 – Nature of Business and Summary of Significant Accounting The Corporation to 8.3 December 0.3 8.6 reserves driven by improvements in the underlying financial information December 31, 2022, 2021 and 2020: Puerto Rico Municipal Bonds Year December 31, 2022 December 31, 2021 December 31, 2020 (In thousands) Beginning Balance $ 8,571 $ 8,845 $ - Impact of adopting ASC 326 - - 8,134 Initial allowance on PCD debt securities - - 1,269 Provision for credit losses - (benefit) (285) (274) (558) ACL on held-to-maturity debt securities $ 8,286 $ 8,571 $ 8,845 During the second quarter of 2019, the oversight board established Act Municipalities measures taken by the entities, uncertainties about the be certain whether future charges to the ACL on these securities will be required. considered condition. As of no cash and cash equivalents. During 2022, 15.5 8.8 2020 - 7.6 15.4 8.8 7.6 relate to exempt from Puerto Rico income taxation under that act; and tax-exempt Puerto Credit Quality Indicators: The held-to-maturity debt securities ’ MBS and financing arrangements issued in bonds Accordingly, the are generally updated Mention, assets are considered to be pass-rated securities. The asset categories are defined Pass – minimal operating watch have ’ operations, cash and requires additional level of supervision and attention from loan officers. Special Mention these potential weaknesses at warrant adverse classification. Substandard – Substandard collateral pledged, if any. debt. They are characterized by the distinct possibility that the institution will sustain some Doubtful that conditions and values. cannot be determined because of specific reasonable pending factors, Loss – warranted. practical or desirable to defer writing for near term improvement and no realistic strengthening action of The credit losses on risk rating classification of the obligor. The administratively Bank’s debt rating assessment evaluation of granting process. Based a sound credit process. The Loan Review Group reports the results of the credit As of December 31, 2022 and 2021, No 2022 and 2021. A security is considered to be past due once it is 30 days contractually |
LOANS HELD FOR INVESTMENT
LOANS HELD FOR INVESTMENT | 12 Months Ended |
Dec. 31, 2022 | |
LOANS HELD FOR INVESTMENT [Abstract] | |
LOAN HELD FOR INVESTMENT [Text Block] | NOTE 4 – LOANS HELD FOR INVESTMENT The geographic locations As of December 31, As of December 31, 2022 2021 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,417,900 $ 2,549,573 Construction loans 34,772 43,133 Commercial mortgage loans 1,834,204 1,702,231 C&I loans 1,860,109 1,946,597 Consumer loans 3,317,489 2,872,384 Loans held for investment $ 9,464,474 $ 9,113,918 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 429,390 $ 429,322 Construction loans 98,181 95,866 Commercial mortgage loans 524,647 465,238 C&I loans 1,026,154 940,654 Consumer loans 9,979 15,660 Loans held for investment $ 2,088,351 $ 1,946,740 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,847,290 $ 2,978,895 Construction loans 132,953 138,999 Commercial mortgage loans 2,358,851 2,167,469 C&I loans (1) 2,886,263 2,887,251 Consumer loans 3,327,468 2,888,044 Loans held for investment (2) 11,552,825 11,060,658 ACL on loans and finance leases (260,464) (269,030) Loans held for investment, net $ 11,292,361 $ 10,791,628 (1) As of December 31, 2022 and 2021, includes $ 838.5 952.1 source of repayment at origination was not dependent upon the (2) Includes accretable fair value net purchase discounts of $ 29.3 35.3 As of 11.2 million 4.3 103.4 79.0 December 31, 2022 and 99.2 75.8 2022 and 2021, respectively. As of $ 3.9 4.0 305.1 of December 31, 2022 (2021 — $ 383.5 Various and 4.3 4.1 December 31, 2.2 collateral related 1.8 loans pledged to the FHLB, compared to $ 2.1 1.8 When a income totaled $ 1.7 2.0 1.9 ended December 1.5 2.3 million, and $ 2.0 As of that 72.4 29.4 mortgage 10.0 The commences 120 procedures foreclosures may be delayed due to, among other reasons, mandatory As of December 31, 2022 Days Past Due and Accruing Current 30-59 60-89 90+ (1) (2) (3) Nonaccrual (4) (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (7) $ 67,116 $ - $ 2,586 $ 48,456 $ - $ 118,158 $ - (2) (7) 2,643,909 - 25,630 16,821 42,772 2,729,132 2,292 Commercial loans: 130,617 - - 128 2,208 132,953 977 (2) (7) 2,330,094 300 2,367 3,771 22,319 2,358,851 15,991 2,868,989 1,984 1,128 6,332 7,830 2,886,263 3,300 Consumer loans: 1,740,271 40,039 7,089 - 10,672 1,798,071 2,136 707,646 7,148 1,791 - 1,645 718,230 330 346,366 3,738 1,894 - 1,248 353,246 - 301,013 3,705 2,238 4,775 - 311,731 - 141,687 1,804 1,458 - 1,241 146,190 - $ 11,277,708 $ 58,718 $ 46,181 $ 80,283 $ 89,935 $ 11,552,825 $ 25,026 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 28.2 loans guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 12.0 11.0 residential mortgage loans and $ 1.0 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.3 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.3 (5) Nonaccrual loans exclude $ 328.1 (6) Includes $ 0.3 (7) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $ 6.1 65.2 1.6 respectively. As of December 31, 2021 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (7) $ 57,522 $ - $ 2,355 $ 65,515 $ - $ 125,392 $ - (2) (7) 2,738,111 - 31,832 28,433 55,127 2,853,503 3,689 Commercial loans: 136,317 18 - - 2,664 138,999 1,000 (2) (7) 2,129,375 2,402 436 9,919 25,337 2,167,469 8,289 2,858,397 2,047 1,845 7,827 17,135 2,887,251 11,393 Consumer loans: 1,533,445 26,462 4,949 - 6,684 1,571,540 3,146 568,606 4,820 713 - 866 575,005 196 310,390 3,299 1,285 - 1,208 316,182 - 282,179 3,158 1,904 2,985 - 290,226 - 130,588 1,996 811 - 1,696 135,091 20 $ 10,744,930 $ 44,202 $ 46,130 $ 114,679 $ 110,717 $ 11,060,658 $ 27,733 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 46.6 guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 20.6 19.1 residential mortgage loans and $ 1.5 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.2 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.2 (5) Nonaccrual loans exclude $ 363.4 (6) Includes $ 0.5 (7) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2021 amounted to $ 6.1 66.0 0.7 respectively. Credit Quality Indicators: The Corporation their debt economic construction commercial amount of review process of definition discussed in Note 3 – Debt Securities. For residential mortgage and consumer loans, the Corporation also evaluates credit Based on origination construction loans by portfolio classes based on the internal credit-risk As of December 31, Puerto Rico and Virgin Islands region Term Loans As of December 31, 2021 Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 9,463 $ 18,385 $ - $ - $ - $ 4,031 $ - $ 31,879 $ 38,066 - - - - - - - - 765 - - - - - 2,893 - 2,893 4,302 - - - - - - - - - - - - - - - - - - $ 9,463 $ 18,385 $ - $ - $ - $ 6,924 $ - $ 34,772 $ 43,133 COMMERCIAL MORTGAGE $ 391,589 $ 141,456 $ 363,115 $ 296,954 $ 193,795 $ 267,793 $ 1,026 $ 1,655,728 $ 1,395,569 1,198 - 3,583 6,919 12,042 121,673 - 145,415 259,263 135 - - 2,819 - 30,107 - 33,061 47,399 - - - - - - - - - - - - - - - - - - $ 392,922 $ 141,456 $ 366,698 $ 306,692 $ 205,837 $ 419,573 $ 1,026 $ 1,834,204 $ 1,702,231 C&I $ 297,932 $ 195,460 $ 184,856 $ 315,987 $ 88,484 $ 179,201 $ 527,652 $ 1,789,572 $ 1,852,552 138 912 - 500 9,867 2,631 29,176 43,224 32,650 203 351 1,324 14,119 725 10,238 353 27,313 61,395 - - - - - - - - - - - - - - - - - - $ 298,273 $ 196,723 $ 186,180 $ 330,606 $ 99,076 $ 192,070 $ 557,181 $ 1,860,109 $ 1,946,597 (1) Excludes accrued interest receivable. As of December 31, Term Loans As of December 31, 2021 Florida region Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 48,536 $ 42,841 $ - $ 14 $ - $ - $ 6,790 $ 98,181 $ 95,866 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 48,536 $ 42,841 $ - $ 14 $ - $ - $ 6,790 $ 98,181 $ 95,866 COMMERCIAL MORTGAGE $ 176,131 $ 70,525 $ 41,413 $ 54,839 $ 71,404 $ 70,316 $ 18,556 $ 503,184 $ 404,304 - - 6,986 13,309 - - - 20,295 60,618 - - 1,168 - - - - 1,168 316 - - - - - - - - - - - - - - - - - - $ 176,131 $ 70,525 $ 49,567 $ 68,148 $ 71,404 $ 70,316 $ 18,556 $ 524,647 $ 465,238 C&I $ 277,637 $ 163,210 $ 77,027 $ 223,504 $ 66,484 $ 35,028 $ 136,261 $ 979,151 $ 826,823 - - - 5,974 - 11,931 - 17,905 49,946 - - 267 24,852 - 3,678 301 29,098 63,885 - - - - - - - - - - - - - - - - - - $ 277,637 $ 163,210 $ 77,294 $ 254,330 $ 66,484 $ 50,637 $ 136,562 $ 1,026,154 $ 940,654 (1) Excludes accrued interest receivable. As of December 31, Total Term Loans As of December 31, 2021 Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 57,999 $ 61,226 $ - $ 14 $ - $ 4,031 $ 6,790 $ 130,060 $ 133,932 - - - - - - - - 765 - - - - - 2,893 - 2,893 4,302 - - - - - - - - - - - - - - - - - - $ 57,999 $ 61,226 $ - $ 14 $ - $ 6,924 $ 6,790 $ 132,953 $ 138,999 COMMERCIAL MORTGAGE $ 567,720 $ 211,981 $ 404,528 $ 351,793 $ 265,199 $ 338,109 $ 19,582 $ 2,158,912 $ 1,799,873 1,198 - 10,569 20,228 12,042 121,673 - 165,710 319,881 135 - 1,168 2,819 - 30,107 - 34,229 47,715 - - - - - - - - - - - - - - - - - - $ 569,053 $ 211,981 $ 416,265 $ 374,840 $ 277,241 $ 489,889 $ 19,582 $ 2,358,851 $ 2,167,469 C&I $ 575,569 $ 358,670 $ 261,883 $ 539,491 $ 154,968 $ 214,229 $ 663,913 $ 2,768,723 $ 2,679,375 138 912 - 6,474 9,867 14,562 29,176 61,129 82,596 203 351 1,591 38,971 725 13,916 654 56,411 125,280 - - - - - - - - - - - - - - - - - - $ 575,910 $ 359,933 $ 263,474 $ 584,936 $ 165,560 $ 242,707 $ 693,743 $ 2,886,263 $ 2,887,251 (1) Excludes accrued interest receivable. Accrued interest receivable 53.1 48.1 reported as and is excluded from the estimate of credit losses. The determining the ACL as of December 31, 2022 and 2021 As of December 31, 2022 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 36,206 $ 2,571 $ - $ 36,206 $ 2,571 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,466 897 62,453 64,919 897 C&I loans 1,513 322 17,590 19,103 322 Consumer loans: Personal loans 56 1 64 120 1 Other consumer loans 207 29 - 207 29 $ 40,448 $ 3,820 $ 81,063 $ 121,511 $ 3,820 The allowance related portfolio historical consumer consisted value 70 %, compared 78 % as mainly driven by the payoff of a $ 16.2 116 %. Purchases and Sales of Loans In GSEs, amounted 144.5 190.8 219.6 net gain on 4.2 8.8 9.9 Also, during 93.8 328.2 and 255.0 recognized a net gain on 4.2 11.4 8.3 respectively. addition, agreement. These mortgage was properly underwritten according to established guidelines). For loans on or the obligation, to to regardless included in the residential mortgage loan portfolio amounted to $ 10.4 7.2 During repurchase 8.2 1.1 55.0 principal difference between payments Corporation, servicer in good standing with GNMA. no provision has been made at the time of sale. Loan repurchased at par 0.4 0.3 42 the years minimal as these repurchased loans are generally performing loans with documentation During the 35.2 and 23.9 3.1 million $ 43.1 52.5 mortgage loans 2.0 31.5 58 % of book reserves, for 54.5 20.9 been 23.1 approximately $ 2.1 Finally, the amended, COVID-19 pandemic. program, including requirements special purpose including the 23 184.4 million in principal amount and sold participation interests totaling $ 175.1 During region totaling $ 135.4 174.7 40.0 Loan Portfolio Concentration The Corporation’s and BVI markets $ 11.6 79 % in 18 % in 3 % in the USVI and BVI. As of 169.8 municipalities 178.4 approximately 102.7 assigned 28.9 revenues. budgetary subsidies provided by the Puerto Rico central taxes in such to $ 10.8 Rico Electric Power Authority (“PREPA”) 27.4 agency of the Puerto Rico central government. In 84.7 guaranteed by the $ 92.8 properties and the guarantees serve to cover shortfalls in collateral in the event The $ 38.0 million in 39.2 2022, Troubled Debt The upon restructurings of of December 366.7 328.1 were in the $ 240.6 49.6 63.3 1.2 construction loans, and $ 12.0 0.7 residential mortgage period modification. totaling $ 53.9 57.6 Corporation has committed to lend up to an additional $ 4 The following tables present TDR loans completed during 2022, Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 433 $ 1,551 $ 242 $ - $ 4,874 $ 7,100 Construction loans - - - - - - Commercial mortgage loans - 245 5,178 - 467 5,890 C&I loans 2,402 - 618 825 1,083 4,928 Consumer loans: Auto loans 2,877 232 345 - - 3,454 Finance leases - 573 - - 18 591 Personal loans 99 171 105 - 19 394 Credit cards (2) - - - - 816 816 Other consumer loans 112 272 16 43 - 443 Total TDRs $ 5,923 $ 3,044 $ 6,504 $ 868 $ 7,277 $ 23,616 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 365 $ 859 $ 2,647 $ - $ 3,723 $ 7,594 Construction loans - - - - - - Commercial mortgage loans - - 10,586 - 637 11,223 C&I loans - 300 9,100 - 508 9,908 Consumer loans: Auto loans 1,888 433 277 - - 2,598 Finance leases - 645 26 - 26 697 Personal loans 13 60 387 - 44 504 Credit cards (2) - - - - 1,426 1,426 Other consumer loans 110 79 - 77 - 266 $ 2,376 $ 2,376 $ 23,023 $ 77 $ 6,364 $ 34,216 (1) Other concessions granted by the Corporation include payment table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) Conventional residential mortgage loans $ 18 $ 545 $ 2,044 $ - $ - $ 5,700 $ 8,307 Construction loans - - - - - - - Commercial mortgage loans - - 271 - - 553 824 C&I loans 31 - 4,107 - 18,386 - 22,524 Consumer loans: Auto loans 1,902 413 275 - - 33 2,623 Finance leases - 408 - - - - 408 Personal loans 38 74 145 - - 48 305 Credit cards (2) - - - - - 783 783 Other consumer loans 219 83 24 219 - - 545 $ 2,208 $ 1,523 $ 6,866 $ 219 $ 18,386 $ 7,117 $ 36,319 (1) Other concessions granted by the Corporation include payment table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, 2022 2021 2020 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) Conventional residential mortgage loans 68 $ 7,165 $ 7,100 66 $ 7,687 $ 7,594 103 $ 9,027 $ 8,307 Construction loans - - - - - - - - - Commercial mortgage loans 3 5,897 5,890 7 11,285 11,223 5 824 824 C&I loans 17 5,156 4,928 6 10,031 9,908 14 22,544 22,524 Consumer loans: 168 3,404 3,454 134 2,601 2,598 163 2,635 2,623 33 592 591 42 692 697 29 408 408 26 366 394 46 497 504 30 306 305 170 815 816 246 1,426 1,426 159 783 783 115 434 443 65 266 266 145 613 545 600 $ 23,829 $ 23,616 612 $ 34,485 $ 34,216 648 $ 37,140 $ 36,319 Loan modifications both for default date, were as follows: Year Ended December 31, 2022 2021 2020 Number of contracts Amortized Cost Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 2 $ 124 - $ - 4 $ 465 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 3 124 Consumer loans: 96 2,049 92 1,625 55 947 1 16 - - 1 5 - - 1 1 1 7 28 156 24 126 23 93 8 30 11 45 58 209 135 $ 2,375 128 $ 1,797 145 $ 1,850 As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,030 $ - $ 117,416 $ 124,652 Non-Performing - - - - - - - - - Total FHA/VA $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,030 $ - $ 117,416 $ 124,652 Conventional residential mortgage loans: Accrual Status: Performing $ 172,628 $ 75,397 $ 31,885 $ 47,911 $ 72,285 $ 1,864,907 $ - $ 2,265,013 $ 2,376,946 Non-Performing - 35 - 219 279 34,938 - 35,471 47,975 Total conventional residential mortgage loans $ 172,628 $ 75,432 $ 31,885 $ 48,130 $ 72,564 $ 1,899,845 $ - $ 2,300,484 $ 2,424,921 Total: Accrual Status: Performing $ 173,328 $ 76,090 $ 32,687 $ 49,318 $ 76,069 $ 1,974,937 $ - $ 2,382,429 $ 2,501,598 Non-Performing - 35 - 219 279 34,938 - 35,471 47,975 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 173,328 $ 76,125 $ 32,687 $ 49,537 $ 76,348 $ 2,009,875 $ - $ 2,417,900 $ 2,549,573 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 742 $ - $ 742 $ 740 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 742 $ - $ 742 $ 740 Conventional residential mortgage loans: Accrual Status: Performing $ 82,968 $ 49,479 $ 31,405 $ 31,144 $ 37,268 $ 189,083 $ - $ 421,347 $ 421,430 Non-Performing - - - 272 477 6,552 - 7,301 7,152 Total conventional residential mortgage loans $ 82,968 $ 49,479 $ 31,405 $ 31,416 $ 37,745 $ 195,635 $ - $ 428,648 $ 428,582 Total: Accrual Status: Performing $ 82,968 $ 49,479 $ 31,405 $ 31,144 $ 37,268 $ 189,825 $ - $ 422,089 $ 422,170 Non-Performing - - - 272 477 6,552 - 7,301 7,152 Total residential mortgage loans in Florida region $ 82,968 $ 49,479 $ 31,405 $ 31,416 $ 37,745 $ 196,377 $ - $ 429,390 $ 429,322 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,772 $ - $ 118,158 $ 125,392 Non-Performing - - - - - - - - - Total FHA/VA $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,772 $ - $ 118,158 $ 125,392 Conventional residential mortgage loans: Accrual Status: Performing $ 255,596 $ 124,876 $ 63,290 $ 79,055 $ 109,553 $ 2,053,990 $ - $ 2,686,360 $ 2,798,376 Non-Performing - 35 - 491 756 41,490 - 42,772 55,127 Total conventional residential mortgage loans $ 255,596 $ 124,911 $ 63,290 $ 79,546 $ 110,309 $ 2,095,480 $ - $ 2,729,132 $ 2,853,503 Total: Accrual Status: Performing $ 256,296 $ 125,569 $ 64,092 $ 80,462 $ 113,337 $ 2,164,762 $ - $ 2,804,518 $ 2,923,768 Non-Performing - 35 - 491 756 41,490 - 42,772 55,127 Total residential mortgage loans $ 256,296 $ 125,604 $ 64,092 $ 80,953 $ 114,093 $ 2,206,252 $ - $ 2,847,290 $ 2,978,895 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans: Accrual Status: Performing $ 674,145 $ 510,950 $ 254,196 $ 206,345 $ 99,008 $ 39,138 $ - $ 1,783,782 $ 1,556,097 Non-Performing 1,666 2,140 1,596 2,508 1,385 1,301 - 10,596 6,684 Total auto loans $ 675,811 $ 513,090 $ 255,792 $ 208,853 $ 100,393 $ 40,439 $ - $ 1,794,378 $ 1,562,781 Finance leases: Accrual Status: Performing $ 292,995 $ 192,435 $ 88,196 $ 81,186 $ 48,332 $ 13,441 $ - $ 716,585 $ 574,139 Non-Performing 176 253 305 219 384 308 - 1,645 866 Total finance leases $ 293,171 $ 192,688 $ 88,501 $ 81,405 $ 48,716 $ 13,749 $ - $ 718,230 $ 575,005 Personal loans: Accrual Status: Performing $ 175,875 $ 55,993 $ 29,320 $ 53,911 $ 22,838 $ 13,727 $ - $ 351,664 $ 314,867 Non-Performing 348 249 135 289 112 115 - 1,248 1,208 Total personal loans $ 176,223 $ 56,242 $ 29,455 $ 54,200 $ 22,950 $ 13,842 $ - $ 352,912 $ 316,075 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Other consumer loans: Accrual Status: Performing $ 79,630 $ 21,488 $ 9,345 $ 11,941 $ 4,030 $ 3,761 $ 8,921 $ 139,116 $ 126,734 Non-Performing 409 201 61 119 20 241 71 1,122 1,563 Total other consumer loans $ 80,039 $ 21,689 $ 9,406 $ 12,060 $ 4,050 $ 4,002 $ 8,992 $ 140,238 $ 128,297 Total: Performing $ 1,222,645 $ 780,866 $ 381,057 $ 353,383 $ 174,208 $ 70,067 $ 320,652 $ 3,302,878 $ 2,862,063 Non-Performing 2,599 2,843 2,097 3,135 1,901 1,965 71 14,611 10,321 Total consumer loans in Puerto Rico and Virgin Islands region $ 1,225,244 $ 783,709 $ 383,154 $ 356,518 $ 176,109 $ 72,032 $ 320,723 $ 3,317,489 $ 2,872,384 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans: Accrual Status: Performing $ - $ - $ - $ 305 $ 2,333 $ 979 $ - $ 3,617 $ 8,759 Non-Performing - - - - 36 40 - 76 - Total auto loans $ - $ - $ - $ 305 $ 2,369 $ 1,019 $ - $ 3,693 $ 8,759 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 254 $ 71 $ 9 $ - $ - $ - $ - $ 334 $ 107 Non-Performing - - - - - - - - - Total personal loans $ 254 $ 71 $ 9 $ - $ - $ - $ - $ 334 $ 107 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans: Accrual Status: Performing $ 49 $ 231 $ 464 $ - $ 39 $ 2,588 $ 2,462 $ 5,833 $ 6,661 Non-Performing - - - - - 21 98 119 133 Total other consumer loans $ 49 $ 231 $ 464 $ - $ 39 $ 2,609 $ 2,560 $ 5,952 $ 6,794 Total: Performing $ 303 $ 302 $ 473 $ 305 $ 2,372 $ 3,567 $ 2,462 $ 9,784 $ 15,527 Non-Performing - - - - 36 61 98 195 133 Total consumer loans in Florida region $ 303 $ 302 $ 473 $ 305 $ 2,408 $ 3,628 $ 2,560 $ 9,979 $ 15,660 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans: Accrual Status: Performing $ 674,145 $ 510,950 $ 254,196 $ 206,650 $ 101,341 $ 40,117 $ - $ 1,787,399 $ 1,564,856 Non-Performing 1,666 2,140 1,596 2,508 1,421 1,341 - 10,672 6,684 Total auto loans $ 675,811 $ 513,090 $ 255,792 $ 209,158 $ 102,762 $ 41,458 $ - $ 1,798,071 $ 1,571,540 Finance leases: Accrual Status: Performing $ 292,995 $ 192,435 $ 88,196 $ 81,186 $ 48,332 $ 13,441 $ - $ 716,585 $ 574,139 Non-Performing 176 253 305 219 384 308 - 1,645 866 Total finance leases $ 293,171 $ 192,688 $ 88,501 $ 81,405 $ 48,716 $ 13,749 $ - $ 718,230 $ 575,005 Personal loans: Accrual Status: Performing $ 176,129 $ 56,064 $ 29,329 $ 53,911 $ 22,838 $ 13,727 $ - $ 351,998 $ 314,974 Non-Performing 348 249 135 289 112 115 - 1,248 1,208 Total personal loans $ 176,477 $ 56,313 $ 29,464 $ 54,200 $ 22,950 $ 13,842 $ - $ 353,246 $ 316,182 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Other consumer loans: Accrual Status: Performing $ 79,679 $ 21,719 $ 9,809 $ 11,941 $ 4,069 $ 6,349 $ 11,383 $ 144,949 $ 133,395 Non-Performing 409 201 61 119 20 262 169 1,241 1,696 Total other consumer loans $ 80,088 $ 21,920 $ 9,870 $ 12,060 $ 4,089 $ 6,611 $ 11,552 $ 146,190 $ 135,091 Total: Performing $ 1,222,948 $ 781,168 $ 381,530 $ 353,688 $ 176,580 $ 73,634 $ 323,114 $ 3,312,662 $ 2,877,590 Non-Performing 2,599 2,843 2,097 3,135 1,937 2,026 169 14,806 10,454 Total consumer loans $ 1,225,547 $ 784,011 $ 383,627 $ 356,823 $ 178,517 $ 75,660 $ 323,283 $ 3,327,468 $ 2,888,044 (1) Excludes accrued interest receivable. As of December 31, 2021 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 51,771 $ 3,966 $ 781 $ 52,552 $ 3,966 Commercial loans: Construction loans - - 1,797 1,797 - Commercial mortgage loans 9,908 1,152 56,361 66,269 1,152 C&I loans 5,781 670 34,043 39,824 670 Consumer loans: Personal loans 78 1 - 78 1 Other consumer loans 782 98 - 782 98 $ 68,320 $ 5,887 $ 92,982 $ 161,302 $ 5,887 The Corporation’s portfolio classes as of December 31, 2022 and 2021 are as follows: The following accrual status as of December 31, 2021: The status as of December 31, 2021: For restructured to comply make situation. The in which loan. During 2022, 2021, and 2020, there were no new Note A and B restructurings. |
ALLOWANCE FOR CREDIT LOSSES ON
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES | 12 Months Ended |
Dec. 31, 2022 | |
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES [Abstract] | |
Allowance For Credit Losses [Text Block] | NOTE 5 – ALLOWANCE The following tables present the activity in the ACL on loans and finance leases by portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (8,734) (2,342) (18,994) (1,770) 57,519 25,679 Charge-offs (6,890) (123) (85) (2,067) (48,165) (57,330) Recoveries 3,547 725 1,372 2,459 14,982 23,085 Ending balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 Provision for credit losses - (benefit) expense (16,957) (1,408) (55,358) (8,549) 20,552 (61,720) Charge-offs (33,294) (87) (1,494) (1,887) (43,948) (80,710) Recoveries 4,777 163 281 6,776 13,576 25,573 Ending balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance, prior to 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 Allowance established for acquired PCD loans 12,739 - 9,723 1,830 4,452 28,744 Provision for credit losses - expense (1) 22,427 2,105 81,125 6,627 56,433 168,717 Charge-offs (11,017) (76) (3,330) (3,634) (46,483) (64,540) Recoveries 1,519 184 1,936 3,192 9,831 16,662 Ending balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 (1) Includes a $ 37.5 13.5 charge related to non-PCD residential mortgage loans; 9.2 4.6 and (iv) a $ 10.2 The Significant Accounting Policies, above, During 2022, the ACL with the baseline judgment inflationary environment economic conditions. For periods prior to 2022, the Corporation calculated As 260.5 8.5 December 31, 20.8 reduced COVID-19 uncertainties, particularly the effect 4.8 were paid off 12.0 million for residential mortgage loans, 24.3 the ACL for residential mortgage a consisted 57.5 macroeconomic variables, such as consumer loan ACL due to the passage of time is recorded as part of the provision for credit losses. Total 20.9 34.2 25.2 million decrease in net 23.1 of offset 2.8 $ 1.5 The tables below December 31, 2022 and 2021: As of December 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,847,290 $ 132,953 $ 2,358,851 $ 2,886,263 $ 3,327,468 $ 11,552,825 62,760 2,308 35,064 32,906 127,426 260,464 2.20 % 1.74 % 1.49 % 1.14 % 3.83 % 2.25 % As of December 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,978,895 $ 138,999 $ 2,167,469 $ 2,887,251 $ 2,888,044 $ 11,060,658 74,837 4,048 52,771 34,284 103,090 269,030 2.51 % 2.91 % 2.43 % 1.19 % 3.57 % 2.43 % (1) As of December 31, 2022 and 2021, includes $ 6.8 145.0 In credit commercial and construction Matters, Corporation Business and Summary of Accounting Policies. As of $ 4.3 1.5 principally due to newly originated facilities which remained undrawn The ended December 31, 2022, 2021 and 2020: Year 2022 2021 2020 (In thousands) Beginning Balance $ 1,537 $ 5,105 $ - Impact of adopting CECL - - 3,922 Provision for credit losses - expense (benefit) 2,736 (3,568) 1,183 $ 4,273 $ 1,537 $ 5,105 |
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2022 | |
PREMISES AND EQUIPMENT [Abstract] | |
PREMISES AND EQUIPMENT [Text Block] | NOTE 6 – PREMISES AND EQUIPMENT Premises and equipment comprise: Useful Life Range In Years As of December 31, Minimum Maximum 2022 2021 (Dollars in thousands) Buildings and improvements 10 35 $ 135,802 $ 138,524 Leasehold improvements 1 10 76,390 79,419 Furniture, equipment and software 2 10 155,567 148,171 367,759 366,114 Accumulated depreciation and amortization (264,233) (251,659) 103,526 114,455 Land 24,485 23,873 Projects in progress 14,924 8,089 $ 142,935 $ 146,417 Depreciation and 22.3 25.0 20.1 31, 2022, 2021, and 2020, respectively. During 0.6 and collection of an in the consolidated statements of income. 5.0 settlement included received insurance 1.2 expenses, primarily consisting of occupancy and equipment costs. See Note 25 - Fair Value see Note 2021, and 2020. |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 12 Months Ended |
Dec. 31, 2022 | |
OTHER REAL ESTATE OWNED [Abstract] | |
OTHER REAL ESTATE OWNED [Text Block] | NOTE 7 – OTHER REAL ESTATE The following table presents the OREO inventory as of the indicated dates: December 31, 2022 2021 (In thousands) OREO OREO balances, carrying value: Residential (1) $ 24,025 $ 29,533 Commercial 5,852 7,331 Construction 1,764 3,984 Total $ 31,641 $ 40,848 (1) Excludes $ 23.5 22.2 receivable as part of other assets in the consolidated statements See Note 25 - Fair Value 2021, and 2020. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2022 | |
RELATED PARTY TRANSACTIONS [Abstract] | |
RELATED PARTY TRANSACTIONS [Text Block] | NOTE 8 – RELATED-PARTY The course of business. The movement and balance of these loans were as follows: Amount (In thousands) Balance at December 31, (1) $ 504 New loans 286 Payments (108) Other changes 261 Balance at December 31, (1) 943 New loans 89 Payments (149) Balance at December 31, (1) $ 883 (1) Includes loans granted to related parties which were then These loans and and its executive officers, directors, principal of those who are considered addition three one parties during 2022. From contributions to non-profit organizations that have some association |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES | 12 Months Ended |
Dec. 31, 2022 | |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
GOODWILL AND OTHER INTANGIBLES [Text Block] | NOTE 9 – GOODWILL AND OTHER INTANGIBLES Goodwill Goodwill 38.6 The Corporation’s policy is to assess goodwill and other intangibles for impairment on an annual basis during the fourth quarter of each year, and more frequently if events or circumstances lead management to believe that the values of goodwill or other intangibles may be impaired. During the fourth quarter of 2022, management performed a qualitative analysis over the carrying amount of each relevant reporting units’ goodwill and concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. This assessment involved identifying the inputs and assumptions that most affect fair value, including evaluating significant and relevant events impacting each reporting entity, and evaluating such factors to determine if a positive assertion can be made that it is more- likely-than-not that the fair value of the reporting units exceeded their carrying amount. In the qualitative assessment performed for each reporting unit, the Corporation evaluated events and circumstances that could impact the fair value including the following: ● Macroeconomic conditions, such as improvement or deterioration in general economic conditions; ● Industry and market considerations; ● Interest rate fluctuations; ● Overall financial performance of the entity; ● Performance of industry peers over the last year; and ● Recent market transactions. Management considered positive and negative evidence obtained during the evaluation of significant events and circumstances and evaluated such information to conclude that it is more likely than not that the reporting unit’s fair value is greater than their carrying amount; thus, quantitative tests were not required. no ended December 31, 2022. There were no amount of goodwill attributable to operating segments are reflected in the Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking United States Operations Total (In thousands) Goodwill, January 1, 2020 $ - $ 1,406 $ - $ 26,692 $ 28,098 Merger and acquisitions (1) 574 794 4,935 - 6,303 Measurement period adjustment (1) (2) 385 533 3,313 - 4,231 Goodwill, December 31, 2020 $ 959 $ 2,733 $ 8,248 $ 26,692 $ 38,632 Measurement period adjustment (1) (2) 53 74 (148) - (21) Goodwill, December 31, 2021 $ 1,012 $ 2,807 $ 8,100 $ 26,692 $ 38,611 (1) Recognized in connection with the BSPR acquisition on September (2) Relates to the fair value estimate update performed within one year Merger and Restructuring Costs – BSPR Acquisition In connection 26.4 and $ 26.5 No the costs in contracts depreciation restructuring plan. Other Intangible Assets The amortization as of the indicated dates: As of As of December 31, December 31, 2022 2021 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (66,644) (58,973) Net carrying amount $ 20,900 $ 28,571 Remaining amortization period (in years) 7.0 8.0 Purchased credit card relationship intangible: Gross amount $ 3,800 $ 3,800 Accumulated amortization (3,595) (2,602) Net carrying amount $ 205 $ 1,198 Remaining amortization period (in years) 0.7 1.7 Insurance customer relationship intangible: Gross amount $ 1,067 $ 1,067 Accumulated amortization (1,054) (902) Net carrying amount $ 13 $ 165 Remaining amortization period (in years) 0.1 1.1 During 8.8 11.4 5.9 million, 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. 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 December 31, 2022. The estimated as follows as of December 31, 2022: (In thousands) 2023 $ 7,736 2024 6,416 2025 3,509 2026 872 2027 872 2028 and after 1,713 |
NON-CONSOLIDATED VARIABLE INTER
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Text Block] | NOTE 10 – NON-CONSOLIDATED The Corporation including applicable accounting guidance. When Corporation interest primary beneficiary of the VIE and whether the entity should be consolidated Below is a summary of transactions with VIEs for which the Corporation has retained Trust-Preferred In April 2004, 100 million of its variable by 3.1 103.1 principal financing 125 Statutory Trust 3.9 FBP Statutory 128.9 Junior consolidated statements by the The Junior Subordinated Deferrable Debentures mature on June 17, 2034, and September 20, 2034, respectively; however, under certain circumstances, the maturity of Junior Subordinated Deferrable Debentures may be shortened (such shortening would result in a mandatory redemption of the variable-rate TRuPs). Subordinated Deferrable Debentures amounted to $ 183.8 0.4 which resulted in price equated 75 % of 0.4 25 % discount 0.1 reflected in the consolidated statements of income as gain on early extinguishment The Collins Amendment 1 capital; however, the Corporation Subordinated Deferrable Debentures by extending subordinated debentures interest payments due on its subordinated debt. Private Label MBS During effect servicing for through Bank is and interest securities indexed 3-month LIBOR (servicer), who then remits strip (“IO”) fee mortgage agreement repossessed 7.9 million 5.8 6.83 %, available-for-sale debt securities portfolio. $ 0.1 Investment in Unconsolidated Entity On mortgage, 269.3 Commonwealth of Puerto and 88.5 35 % CPG/GS, 136.1 refinanced 2019. CPG/GS in reported as have been or will be recorded on this investment. CPG/GS including those PRLP receives 12 %, which resulting in FirstBank’s to 35 % 65 %, 12 % aggregate amount of distributions is equal to FirstBank’s The beneficiary whether CPG/GS that most significantly benefits from, CPG/GS the activities that most significantly the loan portfolio, foreclosure proceedings, primary beneficiary of CPG/GS. Servicing Assets (MSRs) The which the issued service serviced 2.1 sold to FNMA or FHLMC whether those servicing financial condition. The changes in MSRs are show below for the indicated dates: Year 2022 2021 2020 (In thousands) Balance at beginning of year $ 30,986 $ 33,071 $ 26,762 Purchases of servicing assets - - 7,781 Capitalization of servicing assets 3,122 5,194 4,864 Amortization (4,978) (7,215) (5,777) Temporary 66 124 (206) Other (2) (159) (188) (353) Balance at end of year $ 29,037 $ 30,986 $ 33,071 (1) Represents MSRs acquired in the BSPR acquisition. (2) Mainly represents adjustments related to the repurchase as part of the acquisition in the third quarter of 2020. Impairment allowance serviced exceeds its fair value. Any fair value in excess of the cost basis of the servicing Changes in the impairment allowance were as follows for the indicated periods: Year 2022 2021 2020 (In thousands) Balance at beginning of year $ 78 $ 202 $ 73 Temporary impairment - - 301 OTTI of servicing assets - - (77) Recoveries (66) (124) (95) $ 12 $ 78 $ 202 The components are shown below for the indicated periods: Year 2022 2021 2020 (In thousands) Servicing fees $ 11,096 $ 12,176 $ 9,268 Late charges and prepayment penalties 823 697 570 Adjustment for loans repurchased (159) (188) (353) Other - (1) - 11,760 12,684 9,485 Amortization and impairment of servicing assets (4,912) (7,091) (5,983) $ 6,848 $ 5,593 $ 3,502 The Corporation’s value at the time of sale of the related mortgages for the indicated periods Weighted Average Maximum Minimum Year Ended Constant prepayment rate: 6.7 % 18.3 % 4.8 % 7.4 % 18.4 % 3.4 % 6.0 % 21.9 % 3.6 % Discount rate: 11.7 % 12.0 % 11.5 % 9.7 % 10.0 % 9.5 % 12.5 % 14.5 % 11.5 % Year Ended Constant prepayment rate: 6.2 % 17.1 % 3.7 % 6.2 % 18.2 % 2.8 % 6.4 % 14.5 % 4.4 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.8 % 14.5 % 12.0 % Year Ended Constant prepayment rate: 6.1 % 16.0 % 3.9 % 6.3 % 19.0 % 3.0 % 6.3 % 18.0 % 4.3 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.3 % 14.5 % 12.0 % The weighted current fair value 10 % and 20 % adverse changes 2021 were as follows: December 31, December 31, 2022 2021 (In thousands) Carrying amount of servicing assets $ 29,037 $ 30,986 Fair value $ 44,710 $ 42,132 Weighted-average 7.80 7.96 Constant prepayment rate (weighted-average annual 6.40 % 6.55 % $ 1,048 $ 1,027 $ 2,054 $ 2,011 Discount rate (weighted-average annual rate) 10.69 % 11.17 % $ 1,925 $ 1,852 $ 3,704 $ 3,561 These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSR is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the sensitivities . |
DEPOSITS AND RELATED INTEREST
DEPOSITS AND RELATED INTEREST | 12 Months Ended |
Dec. 31, 2022 | |
DEPOSITS AND RELATED INTEREST [Abstract] | |
DEPOSITS AND RELATED INTEREST [Text Block] | NOTE 11 – DEPOSITS AND RELATED The following table summarizes deposit balances as of the indicated dates: December 31, 2022 2021 (In thousands) Type of account and interest rate: Non-interest-bearing deposit accounts $ 6,112,884 $ 7,027,513 Interest-bearing saving accounts 3,902,888 4,729,387 Interest-bearing checking accounts 3,770,993 3,492,645 Certificates of deposit ("CDs") 2,250,876 2,434,932 Brokered CDs 105,826 100,417 $ 16,143,467 $ 17,784,894 The 1.03 % 0.31 %, respectively. As amounted 1.7 1.6 24.5 million as of December 31, 2022 (2021 - $ 24.2 The following table presents the contractual maturities of CDs, including brokered Total (In thousands) Three months or less $ 640,532 Over three months to six months 288,407 Over six months to one year 593,915 Over one year to two years 517,970 Over two years to three years 178,158 Over three years to four years 38,952 Over four years to five years 92,103 Over five years 6,665 $ 2,356,702 Total 1.0 2022 FDIC insurance 0.3 0.2 which are amortized over the contractual maturity of the brokered CDs under Brokered CDs mature as follows: December 31, 2022 (In thousands) Three months or less $ 42,681 Over six months to one year 12,986 Over one year to three years 35,440 Over three years to five years 14,719 $ 105,826 As of 2.8 3.3 deposits are insured by the FDIC up to the applicable limits. The uninsured amortized cost 3.1 3.4 2.7 3.3 securities and loans, 200.0 for public deposits 2.3 Rico 2.7 442.8 568.4 11.6 9.6 million). A table showing interest expense on deposits for the indicated periods Year Ended 2022 2021 2020 (In thousands) Interest-bearing checking accounts $ 15,568 $ 5,776 $ 5,933 Savings 11,191 6,586 11,116 CDs 18,102 26,138 43,350 Brokered CDs 1,500 2,982 7,989 $ 46,361 $ 41,482 $ 68,388 The $ 0.1 0.2 0.5 0.5 $ 1.3 1.0 in the BSPR acquisition. |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 12 Months Ended |
Dec. 31, 2022 | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract] | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Text Block] | NOTE 12 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (repurchase agreements) December 31, 2022 2021 (In thousands) Short-term Fixed-rate repurchase agreements (1) $ 75,133 $ - Long-term Fixed-rate repurchase agreements (2) - 300,000 $ 75,133 $ 300,000 (1) Weighted-average interest rate 4.55 % as of December 31, 2022. (2) Weighted-average interest rate 3.35 % as of December 31, 2021. During the first quarter of 2021, the 200 million changed from a variable rate (3-month LIBOR plus 130 132 3.90 % after the end of a pre-specified lockout period. Of the $ 300.0 100.0 repaid 200.0 counterparty’s 75.1 agreements reflecting actions taken as part of management’s Repurchase agreements mature as follows as of the indicated date: December 31, (In thousands) Within one month $ 25,133 Over one month to three months 50,000 $ 75,133 The following securities were sold under agreements to repurchase: As of December 31, Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ 60,081 $ 50,134 $ 54,093 0.62 % MBS 29,959 24,999 27,010 2.08 % $ 90,040 $ 75,133 $ 81,103 Accrued interest receivable $ 137 As of December 31, Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ - $ - $ - - % MBS 319,225 300,000 321,180 1.33 % $ 319,225 $ 300,000 $ 321,180 Accrued interest receivable $ 599 As repurchase agreements were transacted. In accordance with a right of respect to collateralized and – Activities for information on rights of set-off associated The maximum aggregate 31, 2022 and 2021 was $ 300.0 194.9 300.5 Repurchase agreements as of December 31, 2022, grouped by Weighted-Average Counterparty Amount Maturity (In Months) (Dollars in thousands) JP Morgan Chase $ 75,133 1 |
ADVANCES FROM THE FEDERAL HOME
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) | 12 Months Ended |
Dec. 31, 2022 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Text Block] | NOTE 13 – ADVANCES The following is a summary of the advances from the FHLB as of the indicated dates: December 31, December 31, 2022 2021 (In thousands) Short-term Fixed -rate advances from FHLB (1) $ 475,000 $ - Long-term Fixed -rate advances from FHLB (2) 200,000 200,000 $ 675,000 $ 200,000 (1) Weighted-average interest rate of 4.56 % as of December 31, 2022. (2) Weighted-average interest rate of 4.25 % and 2.16 % as of December 31, 2022 and 2021, respectively. Advances from FHLB mature as follows as of the indicated date: December 31, 2022 (In thousands) Within one month $ 350,000 Over one to three months 125,000 Over three to five years 200,000 $ 675,000 The $ 200.0 2022. In 475.0 200.0 million of long-term FHLB advances. The maximum 2022 and 675.0 440.0 $ 179.5 354.1 The Corporation Pledge, and mortgage incorporates a refers to the percentage 2021, the 1.3 1.4 computed 14 % 17 % respectively. amounted 1.8 - 1.8 December collateral 238.1 644.2 million on with the collateral. applicable factors, hedges prepaid; replacement borrowing the remaining maturity of the prepaid advance. |
OTHER BORROWINGS
OTHER BORROWINGS | 12 Months Ended |
Dec. 31, 2022 | |
OTHER BORROWINGS [Abstract] | |
OTHER BORROWINGS [Text Block] | NOTE 14 – OTHER BORROWINGS Junior Subordinated Debentures Junior subordinated debentures, as of the indicated dates, consisted of: December 31, December 31, (In thousands) 2022 2021 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2)(3) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month LIBOR 7.49 % as of December 31, 2022 and 2.97 % as of December 31, 2021). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month LIBOR 7.25 % as of December 31, 2022 and 2.71 % as of December 31, 2021). (3) See Note 10 - Non-Consolidated Variable Loans Payable The commercial, As 2.2 consumer, approximately $ 1.3 access a no the FED Discount Window as of December |
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE | 12 Months Ended |
Dec. 31, 2022 | |
EARNINGS PER COMMON SHARE [Abstract] | |
EARNINGS PER COMMON SHARE [Text Block] | NOTE 15 – EARNINGS PER COMMON . SHARE The calculations of earnings per common share for the years ended December 31, Year 2022 2021 2020 (In thousands, except per share information) Net income $ 305,072 $ 281,025 $ 102,273 Less: Preferred stock dividends - (2,453) (2,676) Less: Excess of redemption value over carrying value of Series A through E - (1,234) - Net income attributable to common stockholders $ 305,072 $ 277,338 $ 99,597 Weighted-Average 190,805 210,122 216,904 1,163 1,178 764 191,968 211,300 217,668 Earnings per common share: Basic $ 1.60 $ 1.32 $ 0.46 Diluted $ 1.59 $ 1.31 $ 0.46 Earnings number of common shares issued and outstanding. Net income attributable any preferred dividend period that have not been declared as of also adjusted due Series A through E Preferred Stock redeemed as discussed in outstanding exclude unvested shares of restricted stock that do not Potential dilutive using the services number outstanding lower potentially dilutive no shares of performance units that do period. |
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION | 12 Months Ended |
Dec. 31, 2022 | |
STOCK-BASED COMPENSATION [Abstract] | |
STOCK-BASED COMPENSATION [Text Block] | NOTE 16 – STOCK-BASED . COMPENSATION On subsequently approved common stock the Internal incentives 14,169,807 adjustments 3,830,165 shares recommendation of to receive to individual and aggregate awards. Restricted Stock Under the of certain does stock common stock vesting period: 50 %) of two-year 50 % vest the three-year one-year stock awards were reissued from treasury shares. The following table summarizes the restricted stock activity under the Omnibus and 2021: 2022 2021 Number of Weighted- Number of Weighted- shares of Average shares of Average restricted Grant Date restricted Grant Date stock stock Unvested shares outstanding at beginning of year 1,148,775 $ 6.61 1,320,723 $ 5.74 Granted (1) 327,195 13.21 324,360 11.47 Forfeited (15,108) 8.79 (82,486) 6.42 Vested (522,371) 6.13 (413,822) 7.69 Unvested shares outstanding at end of year 938,491 $ 9.14 1,148,775 $ 6.61 (1) For the year ended December 31, 2022, includes 27,529 299,666 which 6,084 29,291 restricted stock awarded to independent directors and 295,069 19,804 and thus charged to earnings as of the grant date. For the 3.7 3.5 3.2 respectively, 3.8 million of total unrecognized compensation cost related to over a weighted average period of 1.5 Performance Units Under the Omnibus Plan, the Corporation may award share These awards, which are granted to executives, do not contain non-forfeitable rights to dividend equivalent amounts and can only be settled in shares of the Corporation’s common stock. The performance units will vest on the third anniversary of the effective date of the awards, subject to the achievement of a pre-established tangible book value per share target, adjusted for certain allowable non-recurring transactions. All the performance units will vest if performance is at the pre- established performance target level or above at the end of a three-year performance period. However, the participants may vest with respect to 50% of the awards to the extent that performance is below the target but not less than 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. The performance and ending on December 31, 2024. The following table and 2021: Year Year (Number of units) December 31, December 31, Performance units at beginning of year 814,899 1,006,768 Additions 166,669 160,485 Vested (1) (189,645) (304,408) Forfeited - (47,946) Performance units as of December 31, 2022 791,923 814,899 (1) Units vested during 2022 are related to performance units granted Units vested during 2021 are related to performance units granted in The respective date 1.7 2.0 million, and $ 1.8 there was 2.5 recognize over probability compensation expense in the then-current period to reflect any changes in the probability Other awards Under 2020, the 19,157 grant 0.1 related to unrestricted stock awards. There were no Shares withheld During the year ended 205,807 214,374 that vested shares. The Corporation statements, the Corporation presents shares withheld for tax purposes as common |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended |
Dec. 31, 2022 | |
STOCKHOLDERS' EQUITY [Abstract] | |
STOCKHOLDERS' EQUITY [Text Block] | NOTE 17 – Stock Repurchase Programs During the 300 Directors on 3,409,697 $ 14.66 50 On April Corporation 350 Repurchases negotiated stock repurchase and suspended, or specific number during 16,003,674 purchase 14.06 225 remaining authorization to repurchase approximately $ 125 19,413,371 approximately $ 275 Common Stock The following table shows the change in shares of common stock outstanding for Total 2022 2021 2020 Common stock outstanding, beginning balance 201,826,505 218,235,064 217,359,337 Common stock repurchased (1) (19,619,178) (16,954,841) (51,814) Common stock reissued/issued under stock-based compensation 516,840 628,768 930,627 Restricted stock forfeited (15,108) (82,486) (3,086) Common stock outstanding, ending balances 182,709,059 201,826,505 218,235,064 For 2022, 2021 and 2020 includes 205,807 , 214,374 51,814 For $ 88.2 65.4 43.8 February 9, 2023 Directors 0.14 17 % 0.02 common March 10, 2023 shareholders of February 24, 2023 . The on subject to consideration and approval by the Corporation’s Preferred Stock The 50,000,000 1.00 , option, subject to certain terms. This stock may be issued in series and fixed by the Board of Directors when authorizing the issuance of that particular series. On 1,444,146 Stock for 25 36.1 value was $ 1.2 listed on any No outstanding during the year ended shares of preferred stock amounted to $ 2.5 2.7 Treasury Stock The following table shows the change in shares of treasury stock for the years ended December Total 2022 2021 2020 Treasury stock, beginning balance 21,836,611 4,799,284 4,744,384 Common stock repurchased (1) 19,619,178 16,954,841 51,814 Common stock reissued under stock-based compensation plan (516,840) - - Restricted stock forfeited 15,108 82,486 3,086 Treasury stock, ending balances 40,954,057 21,836,611 4,799,284 (1) For 2022, 2021 and 2020 includes 205,807 , 214,374 51,814 FirstBank Statutory Reserve (Legal Surplus) The 10 % FirstBank’s common and preferred to the Corporation without the The Puerto Rico Banking Law provides that, when the expenditures of a Puerto Rico commercial bank are greater than receipts, the excess of the expenditures over receipts must be charged against the undistributed profits of the bank, and the balance, if any, must be charged against the legal surplus reserve, as a reduction thereof. If the legal surplus reserve is not sufficient to cover such balance in whole or in part, the outstanding amount must be charged against the capital account and the Bank cannot pay dividends until it can replenish the legal surplus reserve to an amount of at least 20% of the original capital contributed. $ 30.9 28.3 as 168.5 $ 137.6 |
OTHER COMPREHENSIVE (LOSS) INCO
OTHER COMPREHENSIVE (LOSS) INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Statement of Other Comprehensive Loss [Abstract] | |
OTHER COMPREHENSIVE (LOSS) INCOME [Text Block] | NOTE 18 – OTHER COMPREHENSIVE (LOSS) INCOME The following table presents change in accumulated other comprehensive (loss) 2021, and 2020: Changes in Accumulated Other Comprehensive (1) Year ended December 31, 2022 2021 2020 (In thousands) Unrealized net holding (losses) gains on available-for-sale Beginning balance $ (87,390) $ 55,725 $ 6,764 (718,582) (143,115) 48,961 Ending balance $ (805,972) $ (87,390) $ 55,725 Adjustment of pension and postretirement Beginning balance $ 3,391 $ (270) $ - (2,197) 3,661 (270) Ending balance $ 1,194 $ 3,391 $ (270) ____________________ (1) All amounts presented are net of tax. The following table presents the amounts reclassified out of each component the years ended December 31, 2022, 2021, and 2020: Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Consolidated Statements of Income Year ended December 31, 2022 2021 2020 (In thousands) Unrealized net holding (losses) gains on Realized gain on sales Net gain on investment securities $ - $ - $ (13,198) Adjustment of pension and postretirement Amortization of net loss Other expenses 3 1 - Total before tax $ 3 $ 1 $ (13,198) Income tax expense (1) - - Total, net of tax $ 2 $ 1 $ (13,198) |
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS | 12 Months Ended |
Dec. 31, 2022 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
EMPLOYEE BENEFIT PLANS [Text Block] | NOTE 19 – EMPLOYEE BENEFIT PLANS The Corporation complementary retirement that it BSPR’s an Pension Plans is frozen to all participants. The adjustment to accumulated other comprehensive loss (income) pursuant The following 31, 2022 and 2021: December 31, 2022 December 31, 2021 (In thousands) Changes in projected benefit obligation: Projected benefit obligation at the beginning of period, defined benefit plans $ 97,867 $ 108,253 Interest cost 2,614 2,473 Actuarial gain (1) (21,265) (6,699) Benefits paid (5,708) (6,160) Projected benefit obligation at the end of period, pension plans $ 73,508 $ 97,867 Projected benefit obligation, other postretirement benefit plan 182 195 Projected benefit obligation at the end of period $ 73,690 $ 98,062 Changes in plan assets: Fair value of plan assets at the beginning of period $ 103,487 $ 105,963 Actual return on plan assets - (loss) gain (20,590) 3,684 Benefits paid (5,708) (6,160) Fair value of pension plan assets at the end of period (2) $ 77,189 $ 103,487 Net asset, pension plans 3,681 5,620 Net benefit obligation, other postretirement benefit plan (182) (195) Net asset $ 3,499 $ 5,425 (1) Significant components of the Pension Plans’ actuarial gain that (2) Other postretirement plan did not contain any assets as of The weighted-average 5.43 % and 2.77 %, benefit obligation curve. Corporation’s the plan using future return. The Corporation anticipated 4.80 % and 4.43 % as of December 31, 2022 and 2021. Adjustments are done Corporation also considered for assets to reduce status improves. The following excess of plan assets for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 (In thousands) Projected benefit obligation $ 48,501 $ 195 Accumulated benefit obligation 48,501 195 Fair value of plan assets $ 46,398 $ - The following period from September 1, 2020 to December 31, 2020: Affected Line Item Period from in the Consolidated September 1, 2020 to Statements of Income December 31, 2022 December 31, 2021 December 31, 2020 (In thousands) Net periodic benefit, pension plans: Interest cost Other expenses $ 2,614 $ 2,473 $ 900 Expected return on plan assets Other expenses (4,158) (4,523) (2,062) Net periodic benefit, pension plans (1,544) (2,050) (1,162) Net periodic cost, postretirement plan Other expenses 8 6 2 Net periodic benefit $ (1,536) $ (2,044) $ (1,160) The following table postretirement December 31, 2020: Period from September 1, 2020 to December 31, 2022 December 31, 2021 December 31, 2020 Discount rate 2.77% 2.36% 2.53% Expected return on plan assets 4.43% 5.99% 5.98% The following table presents the changes in pre-tax accumulated other comprehensive Postretirement Benefit Plan as of December 31, 2022, 2021, and 2020: December 31, 2022 December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Accumulated other comprehensive income (loss) at beginning of period, $ 5,457 $ (404) $ - Net (loss) gain (3,483) 5,861 (404) Accumulated other comprehensive income (loss) at end of period, pension 1,974 5,457 (404) Accumulated other comprehensive loss at end of period, (61) (29) (28) Accumulated other comprehensive income (loss) at end of period $ 1,913 $ 5,428 $ (432) The following are the pre-tax amounts recognized 31, 2022 and 2021, and for the period from September 1, 2020 to December 31, December December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Net actuarial (loss) gain, pension plans $ (3,483) $ 5,861 $ (404) Net actuarial loss, other postretirement benefit plan (35) (2) (28) Amortization of net loss 3 1 - Net amount recognized $ (3,515) $ 5,860 $ (432) The Pension Plans asset allocations as of December 31, 2022 and 2021 by asset category December 31, 2022 December 31, 2021 Asset category Investment in funds 97% 98% Other 3% 2% 100% 100% As 77.2 103.5 invested U.S. expedient 2022. Determination of Fair Value The following is a description of the valuation inputs and techniques Investment in Investment in practical expedient and, accordingly, value of shares held by the Plan as reported by the sponsor of the funds. Interest-Bearing Interest-bearing the carrying value approximates fair value. The Corporation does no t expect to contribute to the Pension Plans during 2023. The Corporation’s return portfolio volatility when Income allocations objectives. Expected future benefit payments for the plans are as follows: Amount (Dollars in thousands) 2023 $ 6,436 2024 6,292 2025 5,985 2026 5,999 2027 5,860 2028 through 2031 27,411 $ 57,983 Defined Contribution Plan In Code of U.S. employees (the “Plans”). three months Bank’s fifty cents for 6 % of tax basis. The matching contribution of fifty cents for every dollar of the employee’s contribution is comprised of: (i) twenty-five cents for every dollar of the employee’s contribution up to 6% of the employee’s eligible compensation to be paid to the Plan as of each bi-weekly payroll; and (ii) an additional twenty-five cents for every dollar of the employee’s contribution up to 6% of the employee’s eligible compensation to be deposited as a lump sum subsequent to the Plan Year. to contribute 15,000 20,500 2022, 19,500 19,500 determined No 2021, and 2020. 3.5 3.5 $ 3.0 On Holdings USA, de Puerto Rico Employees’ Santander Plan. Overall responsibility for December 31, also provided for matching contribution up to 6 % of the employee’s compensation. |
OTHER NON- INTEREST INCOME
OTHER NON- INTEREST INCOME | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON- INTEREST INCOME [Abstract] | |
OTHER NON- INTEREST INCOME [Text Block] | NOTE 20 – OTHER NON-INTEREST INCOME A detail of other non-interest income is as follows for the indicated periods: Year 2022 2021 2020 (In thousands) Non-deferrable loan fees $ 3,167 $ 2,990 $ 3,750 Mail and cable transmission commissions 3,100 3,116 2,540 Gain from insurance proceeds - 550 5,000 Net (loss) gain on equity securities (522) (102) 38 Gain from sales of fixed assets 924 32 215 Other 9,181 5,843 4,682 $ 15,850 $ 12,429 $ 16,225 |
OTHER NON- INTEREST EXPENSES
OTHER NON- INTEREST EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON- INTEREST EXPENSES [Abstract] | |
OTHER NON- INTEREST EXPENSES [Text Block] | NOTE 21 – OTHER NON-INTEREST EXPENSES A detail of other non-interest expenses is as follows for the indicated periods: Year 2022 2021 2020 (In thousands) Supplies and printing $ 1,505 $ 1,830 $ 2,391 Amortization of intangible assets 8,816 11,407 5,912 Servicing and processing fees 5,343 5,121 4,696 Insurance and supervisory fees 9,354 9,098 6,324 Provision for operational losses 2,518 5,069 3,390 Other 3,126 2,898 3,105 $ 30,662 $ 35,423 $ 25,818 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2022 | |
INCOME TAXES [Abstract] | |
INCOME TAXES [Text Block] | NOTE 22 – Income Corporation is subject a foreign corporation for U.S. and on its income from jurisdictions. Any certain conditions and limitations. Under consolidated another able carry-forward period 2013 is 12 years; 2011 100 % taxation in Puerto Rico and 85 % on dividends received from other taxable domestic corporations. The 37.5 % investing in government unit of exempt Banking Entity Puerto corporate standard rates to the extent that the IBE’s 20 % of the bank’s total net taxable income. The components of income tax expense are summarized below for Year 2022 2021 2020 (In thousands) Current income tax expense $ 88,296 $ 28,469 $ 18,421 Deferred income tax expense: - - (8,000) 54,216 118,323 3,629 Total income $ 142,512 $ 146,792 $ 14,050 The differences between the income tax expense applicable to income computed by applying the statutory tax rate in Puerto Rico were as follows for Year Ended December 2022 2021 2020 Amount % of Pretax Income Amount % of Pretax Income Amount % of Pretax Income (Dollars in thousands) Computed income tax at statutory rate $ 167,844 37.5 % $ 160,431 37.5 % $ 43,621 37.5 % Federal and state taxes 10,268 2.2 % 7,014 1.6 % 4,944 4.2 % Benefit of net exempt income (31,266) (7.0) % (20,717) (4.8) % (26,780) (23.0) % Disallowed NOL carryforward resulting from net exempt 14,221 3.2 % 8,791 2.0 % 9,054 7.8 % Deferred tax valuation allowance (8,410) (1.9) % (13,572) (3.2) % (12,095) (10.4) % Share-based compensation windfall (1,492) (0.3) % (1,044) (0.2) % 157 0.1 % Other permanent differences (7,647) (1.7) % (1,185) (0.3) % (387) (0.3) % Tax return to provision adjustments (519) (0.1) % (406) (0.1) % 597 0.5 % Other-net (487) (0.1) % 7,480 1.7 % (5,061) (4.3) % $ 142,512 31.8 % $ 146,792 34.2 % $ 14,050 12.1 % Deferred income taxes reflect the net tax effects of temporary differences financial reporting purposes and their tax bases. Significant components December 31, 2022 and 2021 were as follows: December 31, 2022 2021 (In thousands) Deferred tax asset: $ 72,485 $ 137,860 104,014 105,917 40,823 37,361 6,462 7,703 7,031 7,031 6,345 4,576 781 881 5,665 8,926 100,776 14,181 7,722 4,420 $ 352,104 $ 328,856 Deferred tax liabilities: 9,786 10,510 719 2,035 509 506 11,014 13,051 Valuation (185,506) (107,323) $ 155,584 $ 208,482 Accounting deferred Valua realized. Management of whether a of available to realize income forecasts exclusive of the reversal of temporary management assesses regulatory guidance. The 155.6 2022, 149.5 208.4 allowance 69.7 NOLs. The sale debt securities. The Corporation maintains a full valuation forward securities resulted in a change in the deferred tax asset and an equal change Management’s internal scenarios and the Corporation’s allowance adverse material adverse effect on the Corporation’s As of December 279.9 differences 177.9 attributable to 149.5 of available-for-sale $ 36.0 capital losses assets in each eliminated recognize the to determine 2022, 72.5 61.2 ranging from year 30.5 to be realized. In Revenue Code period. absence of such limitation. The Corporation has mitigated any income. However, each annual taxable tax expense 10.3 6.8 4.9 did not impact the USVI operations in 2022, 2021 and 2020. On August various tax applies legislation did 2023 financial results, including on our annual estimated effective The Corporation interest and penalties related to unrecognized 0.2 million of 1.0 which, 0.4 recognized as a increase income examinations, under the 2011 income authorities liability for based, in part, upon 2018 remain open to examination. For Puerto Rico tax purposes, all tax years |
OPERATING LEASES
OPERATING LEASES | 12 Months Ended |
Dec. 31, 2022 | |
OPERATING LEASES [Abstract] | |
OPERATING LEASES [Text Block] | NOTE 23 – OPERATING The leases are primarily two years 30 years , some of which ten years . payable statements of lease. Operating lease cost for the 18.4 18.2 13.8 and is recorded in occupancy and equipment in the consolidated Supplemental balance sheet information related to leases as of the indicated As of As of December 31, December 31, 2022 2021 (Dollars in thousands) ROU asset $ 78,855 $ 90,319 Operating lease liability $ 81,954 $ 93,772 Operating lease weighted-average remaining lease term (in years) 7.5 8.0 Operating lease weighted-average discount rate 2.37% 2.24% Generally, incremental borrowing rate as the discount rate for Policies for information on how the Corporation determines its incremental Supplemental cash flow information related to leases was as follows: Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 (In thousands) Operating cash flow from operating leases (1) $ 18,202 $ 19,328 $ 13,464 ROU assets obtained in exchange for operating lease liabilities $ 5,744 $ 5,833 $ 1,328 (1) Represents cash paid for amounts included in the measurement of operating (2) Represents non-cash activity and, accordingly, 52.1 related liabilities assumed in the BSPR acquisition. (3) For the year ended December 31, 2022 and 2021 excludes $ 3.0 1.3 no terminations. Maturities under operating lease liabilities as of December 31, 2022, Amount (In thousands) 2023 $ 16,763 2024 16,008 2025 15,096 2026 14,025 2027 5,929 2028 and after 23,025 Total lease payments 90,846 Less: imputed interest (8,892) Total present value $ 81,954 Leases Not Yet As of undiscounted contract amount of $ 1.1 five ten years . |
DERIVATIVE INSTRUMENTS AND HEDG
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | 12 Months Ended |
Dec. 31, 2022 | |
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] | |
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Text Block] | NOTE 24 – DERIVATIVE One of in changes in the value of loan variability of earnings caused by changes in interest rates. As of Corporation records these undesignated hedges at fair value with the The following summarizes the principal derivative activities used by Interest Rate a contractual rate. The value of rate cap agreements for protection from rising interest rates. Forward delivery settlement provision and no market frame executed. securities Corporation require or as part of mortgage banking activities in the consolidated statements of income Interest credit to a borrower under set prior to funding. basis, regardless of whether interest rates change in the market. Interest Rate an Corporation offering transaction is paired structure, both set the these swaps statements of financial recorded in the consolidated statements of income as a component of interest income To Corporation generally participates as conditions. In addition, the Corporation are clearly and closely characteristics that are not clearly and closely related value, and designated as a trading or non-hedging derivative instrument. The following table summarizes for derivative instruments their notional statements of financial condition as of the indicated dates: Asset Derivatives Liability Derivatives Notional Amounts (1) Statements of Financial Condition Location Fair Value Statements of Financial Condition Location Fair Value December 31, December 31, December 31, 2022 2021 2022 2021 2022 2021 (In thousands) Undesignated economic hedges: Interest rate contracts: $ 9,290 $ 12,588 Other assets $ 313 $ 1,098 Accounts payable and other liabilities $ 278 $ 1,092 14,500 14,500 Other assets - - Accounts payable and other liabilities 197 8 14,500 14,500 Other assets 199 8 Accounts payable and other liabilities - - 3,225 12,097 Other assets 63 379 Accounts payable and other liabilities - - Forward Contracts: 11,000 27,000 Other assets 58 - Accounts payable and other liabilities 1 78 - 12,668 Other assets - 20 Accounts payable and other liabilities - - $ 52,515 $ 93,353 $ 633 $ 1,505 $ 476 $ 1,178 (1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions. The following table summarizes the effect of derivative instruments on periods: Gain (or Loss) Location of Gain (Loss) Year ended on Derivative Recognized in December 31, Statements of Income 2022 2021 2020 (In thousands) Undesignated economic hedges: Interest income - loans $ 28 $ 24 $ 27 Interest income - loans 2 - - Mortgage banking activities (322) (687) 576 Mortgage banking activities 135 114 (54) Mortgage banking activities (20) - (37) $ (177) $ (549) $ 512 Derivative instruments current market the most part, on the shape of the yield curve, and the level of interest rates, as well as the expectations As of contingent features. Credit and Market Risk of Derivatives The exposed to credit and market risk. If the the fair value of therefore, creates a credit owes the counterparty. broker i.e., financial Committee of the derivative instrument contracts be governed by an International Swaps and a counterparty default. 2020 was immaterial. Market risk is The Corporation and degree of risk that may be undertaken. In amounts transaction – Under Agreements to Repurchase for information on rights of set-off |
FAIR VALUE
FAIR VALUE | 12 Months Ended |
Dec. 31, 2022 | |
FAIR VALUE [Abstract] | |
FAIR VALUE [Text Block] | NOTE 25 – Fair Value ASC Topic transfer between market liabilities, which is based on One of three levels of inputs may be used to measure fair value: Level 1 Valuations transactions involving identical assets or liabilities in active markets. Level 2 Va luations of prices for similar assets or liabilities, or other inputs that are data for substantially the full term of the assets or liabilities. Level 3 Va luations of Level 3 assets and activity and instruments significant management judgment as to the estimation. Financial Instruments Recorded at Fair Value Debt securities available for sale and marketable equity securities held at fair value and equity securities with case with yields, operations, quotes are activity of the instrument, as is the case with certain private label MBS held by the Derivative instruments consideration considered. LIBOR and swap forward rate for each cash flow. Assets and liabilities measured at fair value on a recurring basis are summarized below as of As of December 31, As of December 31, 2021 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets: Debt securities available for sale: U.S. Treasury securities $ 138,875 $ - $ - $ 138,875 $ 148,486 $ - $ - $ 148,486 Noncallable U.S. agencies debt securities - 389,787 - 389,787 - 285,028 - 285,028 Callable U.S. agencies debt securities - 1,963,566 - 1,963,566 - 1,971,954 - 1,971,954 MBS - 3,098,797 5,794 (1) 3,104,591 - 4,037,209 7,234 (1) 4,044,443 Puerto Rico government obligations - - 2,201 2,201 - - 2,850 2,850 Other investments - - 500 500 - - 1,000 1,000 Equity securities 4,861 - - 4,861 5,378 - - 5,378 Derivative assets - 633 - 633 - 1,505 - 1,505 Liabilities: Derivative liabilities - 476 - 476 - 1,178 - 1,178 (1) Related to private label MBS. The table basis using significant unobservable inputs (Level 3) for the years ended 2022 2021 2020 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 11,084 $ 11,977 $ 14,590 (401) 1,281 2,403 (2) 434 136 (1,641) - - 150 - 1,000 - (2,622) (3,310) (3,525) Ending balance $ 8,495 $ 11,084 $ 11,977 ___________________ (1) (2) The tables below present quantitative information for significant assets measured at unobservable inputs (Level 3) as of December 31, 2022 and 2021: December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 7,234 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Prepayment rate 7.6% 24.9% 15.2% Projected cumulative loss rate 0.2% 15.7% 7.6% $ 2,850 Discounted cash flows Discount rate 6.6% 8.4% 7.9% Projected cumulative loss rate 8.6% 8.6% 8.6% Information about Sensitivity to Changes in Significant Unobservable Inputs Private label and prepayment loss instruments. The Corporation modeled meaningful and possible Puerto Rico of the increase (decrease) in a LGDs that looking PRHFA spread as of the reporting date and compared to the amortized cost. Additionally, fair value As of December 31, 2022, the Corporation recorded losses or valuation adjustments recurring basis and still held at December 31, 2022, as shown in the following Carrying value as of December 31, Related to losses recorded for the Year Ended December 31, 2022 2021 2020 2022 2021 2020 (In thousands) Level 3: Loans receivable $ 11,437 $ 31,534 $ 74,197 $ (736) $ (5,466) $ (13,737) OREO (2) 5,461 9,126 50,248 (917) (48) (1,837) Premises and equipment (3) 1,242 - - (218) - - Level 2: Loans held for sale $ 12,306 $ - $ - $ (106) $ - $ - (1) Consists mainly the fair values assumptions of the collateral (e.g., absorption rates), which are (2) The Corporation characteristics and assumptions market valuation adjustments after the transfer of the loans to the (3) Relates to a banking facility reclassified to held-for-sale and Qualitative information regarding the fair value measurements for Level 3 follows: December 31, 2022 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 Premises and equipment Market External appraised value The following tables present the carrying value, estimated fair value and estimated instruments as of December 31, 2022 and 2021: Total Carrying Amount in Statement of Financial Condition as of December 31, 2022 Fair Value Estimate as of December 31, 2022 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market $ 480,505 $ 480,505 $ 480,505 $ - $ - Available-for-sale debt securities (fair value) 5,599,520 5,599,520 138,875 5,452,150 8,495 Held-to-maturity debt securities (amortized 437,537 Less: ACL on held-to-maturity debt securities (8,286) Held-to-maturity debt securities, net of $ 429,251 427,115 - 260,106 167,009 Equity securities (amortized cost) 50,428 50,428 - 50,428 (1) - Other equity securities (fair value) 4,861 4,861 4,861 - - Loans held for sale (lower of cost or market) 12,306 12,306 - 12,306 - Loans held for investment (amortized cost) 11,552,825 Less: ACL for loans and finance leases (260,464) Loans held for investment, net of ACL $ 11,292,361 11,106,809 - - 11,106,809 MSRs (amortized cost) 29,037 44,710 - - 44,710 Derivative assets (fair value) (2) 633 633 - 633 - Liabilities: Deposits $ 16,143,467 $ 16,139,937 $ - $ 16,139,937 $ - Securities sold under agreements to repurchase 75,133 75,230 - 75,230 - Advances from FHLB (amortized cost) 675,000 674,596 - 674,596 - Other borrowings (amortized cost) 183,762 187,246 - - 187,246 Derivative liabilities (fair value) (2) 476 476 - 476 - (1) Includes FHLB stock with a carrying value of $ 42.9 (2) Includes interest rate swap agreements, interest rate caps, Total Carrying Amount in Statement of Financial Condition as of December 31, 2021 Fair Value Estimate as of December 31, 2021 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market $ 2,543,058 $ 2,543,058 $ 2,543,058 $ - $ - Available-for-sale debt securities (fair value) 6,453,761 6,453,761 148,486 6,294,191 11,084 Held-to-maturity debt securities (amortized 178,133 Less: ACL on held-to-maturity debt securities (8,571) Held-to-maturity debt securities, net of $ 169,562 167,147 - - 167,147 Equity securities (amortized cost) 26,791 26,791 - 26,791 (1) - Other equity securities (fair value) 5,378 5,378 5,378 - - Loans held for sale (lower of cost or market) 35,155 36,147 - 36,147 - Loans held for investment (amortized cost) 11,060,658 Less: ACL for loans and finance leases (269,030) Loans held for investment, net of ACL $ 10,791,628 10,900,400 - - 10,900,400 MSRs (amortized cost) 30,986 42,132 - - 42,132 Derivative assets (fair value) (2) 1,505 1,505 - 1,505 - Liabilities: Deposits (amortized cost) $ 17,784,894 $ 17,800,706 $ - $ 17,800,706 $ - Securities sold under agreements to repurchase 300,000 322,105 - 322,105 - Advances from FHLB (amortized cost) 200,000 202,044 - 202,044 - Other borrowings (amortized cost) 183,762 177,689 - - 177,689 Derivative liabilities (fair value) (2) 1,178 1,178 - 1,178 - '(1) Includes FHLB stock with a carrying value of $ 21.5 (2) Includes interest rate swap agreements, interest rate caps, The short-term nature cash equipment, this fair liabilities that estimates relevancy of market prices of comparable instruments, expected future cash flows, |
REVENUE FROM CONTRACTS WITH CUS
REVENUE FROM CONTRACTS WITH CUSTOMERS | 12 Months Ended |
Dec. 31, 2022 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Text Block] | NOTE 26 – REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition In accordance with control Corporation expects to be within the the recognizes performance obligation is satisfied. Disaggregation of Revenue The following interest income, disaggregated by type of service and business segment for Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 98,920 $ 442,624 $ 109,822 $ 39,600 $ 80,485 $ 23,842 $ 795,293 Service charges and fees on deposit accounts - 21,906 12,412 - 607 2,898 37,823 Insurance commissions - 12,733 - - 15 995 13,743 Merchant-related income - 6,622 1,483 - 74 1,335 9,514 Credit and debit card fees - 29,061 85 - (7) 1,763 30,902 Other service charges and fees 341 4,558 3,397 - 2,113 684 11,093 Not in scope of ASC Topic 15,609 3,577 812 (74) 58 35 20,017 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Total Revenue $ 114,870 $ 521,081 $ 128,011 $ 39,526 $ 83,345 $ 31,552 $ 918,385 Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income $ 104,638 $ 281,703 $ 191,917 $ 59,331 $ 65,967 $ 26,373 $ 729,929 Service charges and fees on deposit accounts - 20,083 11,807 - 555 2,839 35,284 Insurance commissions - 11,166 - - 114 665 11,945 Merchant-related income - 6,279 1,079 - 51 1,055 8,464 Credit and debit card fees - 26,360 83 - 19 1,602 28,064 Other service charges and fees 771 4,185 2,640 - 1,825 556 9,977 Not in scope of ASC Topic 23,507 1,701 423 227 1,399 173 27,430 24,278 69,774 16,032 227 3,963 6,890 121,164 Total Revenue $ 128,916 $ 351,477 $ 207,949 $ 59,558 $ 69,930 $ 33,263 $ 851,093 Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 76,025 $ 220,678 $ 135,591 $ 87,879 $ 54,025 $ 26,124 $ 600,322 Service charges and fees on deposit accounts - 13,286 8,026 - 553 2,747 24,612 Insurance commissions - 8,754 - - 52 558 9,364 Merchant-related income - 4,516 478 - 41 809 5,844 Credit and debit card fees - 18,218 62 - 16 1,469 19,765 Other service charges and fees 342 2,900 2,260 184 1,800 1,508 8,994 Not in scope of ASC Topic 21,727 3,288 1,780 13,524 2,168 160 42,647 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Total Revenue $ 98,094 $ 271,640 $ 148,197 $ 101,587 $ 58,655 $ 33,375 $ 711,548 (1) Most of liabilities, as well as other non-interest income from loans, (2) For the 5.0 claim consolidated statements of income. For obligations satisfied at a point in time. The following is a discussion of the revenues under the scope of ASC Topic Service Charges and Fees on Deposit Accounts Service customers. Charges charges. Such service performed, as customers have the right to terminate these contracts with no Insurance Commissions For agreements support. addition, commission income is included cumulative revenue December confirmed and constraints 3.2 3.3 3.3 of insurance policies sold in the prior year. Card and processing Card and processing income includes merchant-related income, and For contracts Corporation inception. obligation over the variable consideration are resolved. Credit revenues are earned on credit and of surcharges the delivery of services on a daily basis. The tickets, cash, or promotion Corporation average Corporation considers historical The reward liability the consolidated statements of financial condition, totaled $ 9.2 8.8 Other Fees Other fees primarily from services are rendered and are included as part of other non-interest income Contract Balances A customer. contracts customer completes its performance obligations. The following table recognized for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (In thousands) Beginning Balance $ 1,443 $ 2,151 $ 2,476 Less: (602) (708) (325) Ending balance $ 841 $ 1,443 $ 2,151 As of December 31, 2022 and 2021 there were no Other Except for the contract liabilities noted above, the Corporation did not have 31, 2022. estimates in recognizing revenue for financial reporting purposes. |
SEGMENT INFORMATION
SEGMENT INFORMATION | 12 Months Ended |
Dec. 31, 2022 | |
SEGMENT INFORMATION [Abstract] | |
SEGMENT INFORMATION [Text Block] | NOTE 27 – SEGMENT INFORMATION Based upon segments market, six reportable segments: Mortgage Banking; United structure organizational considered in the determination of the reportable segments. The Mortgage Banking includes mortgage loans purchased from the Corporation’s Commercial and by specialized loans, management investment Commercial segments funds to segments are actual United States commercial and consumer banking Corporation in the USVI and BVI, including commercial and consumer banking The Significant Accounting Policies. The interest earning assets less the ACL. The following tables present information about the reportable segments for the indicated periods: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2022: Interest income $ 130,185 $ 302,631 $ 205,888 $ 104,215 $ 94,782 $ 24,913 $ 862,614 Net (charge) credit for transfer of funds (31,265) 173,917 (96,066) (43,838) (2,748) - - Interest expense - (33,924) - (20,777) (11,549) (1,071) (67,321) Net interest income 98,920 442,624 109,822 39,600 80,485 23,842 795,293 Provision for credit losses - (benefit) expense (7,643) 57,123 (20,241) (434) (3,073) 1,964 27,696 Non-interest income (loss) 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Direct non-interest expenses 23,049 162,663 37,131 3,702 33,365 27,911 287,821 $ 99,464 $ 301,295 $ 111,121 $ 36,258 $ 53,053 $ 1,677 $ 602,868 Average earnings assets $ 2,233,245 $ 2,918,800 $ 3,626,107 $ 7,300,208 $ 2,069,030 $ 369,504 $ 18,516,894 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2021: Interest income $ 144,203 $ 271,127 $ 201,684 $ 67,841 $ 82,194 $ 27,659 $ 794,708 Net (charge) credit for transfer of funds (39,565) 38,859 (9,767) 14,687 (4,214) - - Interest expense - (28,283) - (23,197) (12,013) (1,286) (64,779) Net interest income 104,638 281,703 191,917 59,331 65,967 26,373 729,929 Provision for credit losses - (benefit) expense (16,030) 20,322 (67,544) (136) (975) (1,335) (65,698) Non-interest income 24,278 69,774 16,032 227 3,963 6,890 121,164 Direct non-interest expenses 29,125 165,357 36,219 4,093 33,902 28,084 296,780 $ 115,821 $ 165,798 $ 239,274 $ 55,601 $ 37,003 $ 6,514 $ 620,011 Average earnings assets $ 2,506,365 $ 2,551,278 $ 3,793,945 $ 7,827,326 $ 2,126,528 $ 430,499 $ 19,235,941 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2020: Interest income $ 128,043 $ 240,725 $ 155,254 $ 55,003 $ 84,169 $ 29,788 $ 692,982 Net (charge) credit for transfer of funds (52,018) 18,771 (19,663) 59,074 (6,164) - - Interest expense - (38,818) - (26,198) (23,980) (3,664) (92,660) Net interest income 76,025 220,678 135,591 87,879 54,025 26,124 600,322 Provision for credit losses - expense 22,518 54,094 74,607 2,774 12,592 4,400 170,985 Non-interest income 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Direct non-interest expenses 33,054 131,133 28,631 3,449 33,782 28,815 258,864 $ 42,522 $ 86,413 $ 44,959 $ 95,364 $ 12,281 $ 160 $ 281,699 Average earnings assets $ 2,241,753 $ 2,202,595 $ 3,039,786 $ 4,232,144 $ 2,026,619 $ 458,608 $ 14,201,505 The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods: Year Ended 2022 2021 2020 (In thousands) Net income: Total income for segments $ 602,868 $ 620,011 $ 281,699 Other operating expenses 155,284 192,194 165,376 Income before income taxes 447,584 427,817 116,323 Income tax expense 142,512 146,792 14,050 $ 305,072 $ 281,025 $ 102,273 Average assets: Total average earning assets for segments $ 18,516,894 $ 19,235,941 $ 14,201,505 Average non-earning assets 861,755 1,067,092 1,031,141 $ 19,378,649 $ 20,303,033 $ 15,232,646 (1) Expenses pertaining to corporate administrative functions that support reported financial results of the operating segments. The expenses. The following table presents revenues (interest income plus non-interest income) and selected balance sheet data by geography based on the location in which the transaction was originated as of indicated dates: 2022 2021 2020 (In thousands) Revenues: $ 855,441 $ 795,166 $ 678,370 97,642 86,157 88,799 32,623 34,549 37,039 $ 985,706 $ 915,872 $ 804,208 Selected Balance Sheet Information: Total assets: $ 16,020,987 $ 18,175,910 $ 16,091,112 2,213,333 2,189,440 2,117,966 400,164 419,925 583,993 Loans: $ 9,097,013 $ 8,755,434 $ 9,367,032 2,088,351 1,948,716 1,993,797 379,767 391,663 466,749 Deposits: (1) $ 12,933,570 $ 14,113,874 $ 12,338,934 (2) 1,623,725 1,928,749 1,622,481 1,586,172 1,742,271 1,355,968 (1) For 2022, 2021, and 2020, includes $ 1.4 34.2 109.0 (2) For 2022, 2021, and 2020 includes $ 104.4 66.2 107.1 |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended |
Dec. 31, 2022 | |
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION [Text Block] | NOTE 28 – SUPPLEMENTAL Supplemental statement of cash flows information is as follows for the indicated Year Ended 2022 2021 2020 (In thousands) Cash paid for: $ 65,986 $ 68,668 $ 94,872 51,798 15,477 16,713 18,202 19,328 13,464 Non-cash investing and financing activities: 15,350 19,348 7,249 45,607 33,408 36,203 3,122 5,194 4,864 141,909 191,434 221,491 4,632 33,010 10,817 - - 24,033 2,733 4,553 1,328 Acquisition (1) : $ - $ 584 $ 1,280,424 - 605 5,561,564 - - 4,291,674 (1) Recognized in connection with the BSPR acquisition on September |
REGULATORY MATTERS, CASH RESTRI
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2022 | |
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES [Abstract] | |
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES [Text Block] | NOTE 29 – REGULATORY Regulatory Matters The agencies. Failure by regulators Under capital sheet items to qualitative judgments and and other factors. for institution under any condition has changed or event has occurred that would have changed The Corporation and FirstBank rules (“Basel III rules”). The 2.5 % capital e.g. , payments on capital instruments) and (ii) discretionary bonus payments As part that transition period. earnings plus 25 % of the change for 25 % period $ 16.2 25 % of interim final rule) from January 1, 48.6 years. pandemic and related macroeconomic conditions, although the nature The regulatory capital position of effect of CECL on regulatory capital, were as follows: Regulatory Requirements Actual For Capital Adequacy Purposes To be Well Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2022 Total Capital (to Risk-Weighted $ 2,385,866 19.21 % $ 993,405 8.0 % N/A N/A % $ 2,346,093 18.90 % $ 993,264 8.0 % $ 1,241,580 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,052,333 16.53 % $ 558,790 4.5 % N/A N/A % $ 2,090,832 16.84 % $ 558,711 4.5 % $ 807,027 6.5 % Tier I Capital (to Risk-Weighted $ 2,052,333 16.53 % $ 745,054 6.0 % N/A N/A % $ 2,190,832 17.65 % $ 744,948 6.0 % $ 993,264 8.0 % Leverage ratio $ 2,052,333 10.70 % $ 767,075 4.0 % N/A N/A % $ 2,190,832 11.43 % $ 766,714 4.0 % $ 958,392 5.0 % As of December 31, 2021 Total Capital (to Risk-Weighted $ 2,433,953 20.50 % $ 949,637 8.0 % N/A N/A % $ 2,401,390 20.23 % $ 949,556 8.0 % $ 1,186,944 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,112,630 17.80 % $ 534,171 4.5 % N/A N/A % $ 2,150,317 18.12 % $ 534,125 4.5 % $ 771,514 6.5 % Tier I Capital (to Risk-Weighted $ 2,112,630 17.80 % $ 712,228 6.0 % N/A N/A % $ 2,258,317 19.03 % $ 712,167 6.0 % $ 949,556 8.0 % Leverage ratio $ 2,112,630 10.14 % $ 833,091 4.0 % N/A N/A % $ 2,258,317 10.85 % $ 832,773 4.0 % $ 1,040,967 5.0 % Cash Restrictions The Corporation’s reserve balances to December 31, 1.1 1.2 requirement. balances. As of December 0.3 in time deposits, related to FirstBank Overseas Corporation, an international Commitments The commitments to extend credit uses the same sheet instruments. Commitments to extend the contract. Commitments generally have fixed expiration to expire of the commercial case of credit cards and personal lines of credit, the Corporation can cancel the unused In commercial and standby The standby letters not significant. The following table summarizes commitments to extend credit and standby letters of December 31, 2022 2021 (In thousands) Financial instruments whose contract amounts represent credit risk: $ 170,639 $ 197,917 978,219 1,180,824 761,634 725,259 68,647 151,140 9,160 4,342 Contingencies As of contingencies contingencies in connection information incur accrual where a loss is not probable or the amount of the loss cannot be estimated, no accrual Any estimate currently in yet outcomes of such proceedings. or less than the current estimate. While currently contingencies, financial position as a whole. If management believes that, based on available information, excess possible loss or an estimate cannot be made. Based on the Corporation’s |
FIRST BANCORP. (Holding Company
FIRST BANCORP. (Holding Company Only) Financial Information | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
FIRST BANCORP. (Holding Company Only) Financial Information [Text Block] | NOTE 30- FIRST BANCORP. The following as of December 31, 2022 2020: Statements of Financial Condition As of December 31, 2022 2021 (In thousands) Assets Cash and due from banks $ 19,279 $ 20,751 Other investment securities 735 285 Investment in First Bank Puerto Rico, at equity 1,464,026 2,247,289 Investment in First Bank Insurance Agency, 28,770 19,521 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 624 295 Other assets 430 71 $ 1,519,376 $ 2,293,724 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 10,074 8,195 193,836 191,957 Stockholders' equity 1,325,540 2,101,767 $ 1,519,376 $ 2,293,724 Statements of Income Year 2022 2021 2020 (In thousands) Income $ 79 $ 51 $ 71 368,670 98,060 52,707 - 30,000 - 248 154 439 368,997 128,265 53,217 Expense 8,253 5,135 6,355 1,730 1,929 2,097 9,983 7,064 8,452 Gain on early extinguishment of debt - - 94 Income before income taxes and equity 359,014 121,201 44,859 Income tax expense 3,448 2,854 2,429 Equity in undistributed earnings of subsidiaries (distribution in excess of (50,494) 162,678 59,843 Net income $ 305,072 $ 281,025 $ 102,273 Other comprehensive (loss) income, net of tax (720,779) (139,454) 48,691 Comprehensive (loss) income $ (415,707) $ 141,571 $ 150,964 Statements of Cash Flows Year Ended December 31, 2022 2021 2020 (In thousands) Cash flows from operating activities: Net income $ 305,072 $ 281,025 $ 102,273 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation 148 149 231 Equity in undistributed earnings of subsidiaries 50,494 (162,678) (59,843) Gain on early extinguishment of debt - - (94) Net decrease (increase) in other assets (688) 1,657 (1,514) Net increase (decrease) in other liabilities 1,545 3,578 (459) Net cash provided by operating activities 356,571 123,731 40,594 Cash flows from investing activities: Purchase of equity securities (450) - - Return of capital from wholly-owned subsidiaries (1) 8,000 200,000 - Net cash provided by investing activities 7,550 200,000 - Cash flows from financing activities: Repurchase of common stock (277,769) (216,522) (206) Repayment of junior subordinated debentures - - (282) Dividends paid on common stock (87,824) (65,021) (43,416) Dividends paid on preferred stock - (2,453) (2,676) Redemption of preferred stock - Series A through E - (36,104) - (365,593) (320,100) (46,580) Net (decrease) increase in cash and cash equivalents (1,472) 3,631 (5,986) Cash and cash equivalents at beginning of the year 20,751 17,120 23,106 Cash and cash equivalents at end of year $ 19,279 $ 20,751 $ 17,120 Cash and cash equivalents include: Cash and due from banks $ 19,279 $ 20,751 $ 10,909 Money market instruments - - 6,211 $ 19,279 $ 20,751 $ 17,120 (1) During 2022, FirstBank of Puerto Rico, a wholly-owned subsidiary of First BanCorp., redeemed 0.3 approximately $ 8.0 8 preferred stock for a total price of approximately $ 200 |
NATURE OF BUSINESS AND SUMMAR_2
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Nature of business [Policy Text Block] | FirstBank conducts its 59 eight banking branches in the nine subsidiaries specializing 27 corporation, under the and 2019, which will commence operations in 2023 and will engage in investing |
General [Policy Text Block] | General principles (“GAAP”). The following is a description of the Corporation’s |
Principles of consolidation [Policy Text Block] | Principles of consolidation The balances included preferred Corporation’s Standards Board details regarding the Corporation’s |
Use of estimates in the preparation of financial statements [Policy Text Block] | Use of estimates in the preparation of financial statements The affect amounts of revenues and expenses during the reporting period. Management value rights, and loans held for sale. Actual results could differ from those estimates. |
Change in accounting method [Policy Text Block] | Change in accounting method Effective value to a of stocks repurchased and application of capital. changes 19 million and an increase in impact capital measures. |
Cash and cash equivalents [Policy Text Block] | Cash and cash equivalents For purposes of the Federal Reserve Bank of New York money market funds and short-term investments with original maturities of |
Investment securities [Policy Text Block] | Investment securities The Corporation classifies its investments in debt and equity securities into one Held-to-maturity amortized hold other debt securities to occurred. Trading are Corporation did not hold debt securities for trading purposes. Available-for-sale unrealized component of ACL is recorded. Equity consolidated principally value of changes in unrealized gains or losses recorded through earnings in other Premiums related securities prepayments are anticipated. Premiums on securities are using the specific identification method. A debt accrued additional information on nonaccrual debt securities. Allowance As portfolio consisted of U.S. government-sponsored entities (“GSEs”) The ACL (“CECL”) securities amount the Corporation expects to collect. The Corporation government, Puerto reasonable registered arrangements with Puerto features i.e ., special continuous basis held-to-maturity default (“LGD”), as financial over the other relevant current factors based on industry for each cost period approach and forecast period covering the remaining contractual historical adjustments management’s evaluation specific risks, nature associated with factors such as changes in underwriting and resolution strategies, The Corporation accrued balances for changes in the ACL for held-to-maturity debt securities during the years ended December Allowance For position, the Corporation first assesses whether before amortized cost excess of such ACL would be recorded through not other capacity, than latest principal or interest payments, recent legislation and to deal with collateral assumptions payments collected from collected is less than the amortized amount by which been recorded through an ACL. Non-credit-related impairments result from The Corporation allowance criteria regarding to available-for-sale debt securities, as uncollectible accrued interest Substantially all implicitly guaranteed Accordingly, assumptions MBS and Value. Loans held for investment Loans that the reported Amortized cost is the principal outstanding balance, fees principal balance plus uncollected unpaid interest Unearned under a or costs, discounts and premiums are included in loan interest income |
Loans held for investment [Policy Text Block] | Loans held for investment Loans that the reported Amortized cost is the principal outstanding balance, fees principal balance plus uncollected unpaid interest Unearned under a or costs, discounts and premiums are included in loan interest income Nonaccrual nonaccrual. 90 mortgage loans insured or guaranteed the guaranteed by 90 repayment is insured or guaranteed. However, such 15 loans when 90 180 and condition income nonaccrual collectability of loan i.e. , the cost recovery method). Under the cost-recovery the charged-off current under six months ) and the secured and in are commercial mortgage, payments. uncollectible accrued interest receivables Loans Acquired Loans acquired through a purchase date. insignificant deterioration deteriorated origination, accreted purchase or acquisition of non-PCD loans, determining which the loans are purchased or acquired. Acquired loans that are classified difference between accreted into interest PCD loans is established through an adjustment in the period in which the loans are acquired. At acquisition, the ACL for determined Characteristics other more than (“BSPR”) approximately $ 752.8 28.7 the loans. Subsequent methodology in the same manner as all other loans. For PCD loans under Loans Acquired transition approach. 310-30 as “units of $ 101.7 1.9 acquisitions FirstBank through an alliance with as well as other first Corporation Corporation is practice recognition for PCD loans that by regulatory guidance, previously individual loans amounts ownership Corporation Corporation restructurings (“TDRs”) as of the date of adoption. Charge-off Corporation and subsequent recoveries of previously charged-off The Corporation foreclosure is probable or when repayment the borrower is experiencing are considered collateral or credit deterioration. Residential mortgage loans are 180 residential real estate. adjusted accordance based on the fair value of the collateral at the reporting date, adjusted for undiscounted Collateral written uncollectible and 0.5 closed-end consumer off when 120 when 180 180 needed, to fair confirming indicating a collateral deficiency when the asset is the sole source of repayment. Troubled the modifications limited to, deferment of principal remain in accrual status when the restructuring as TDRs will remain for a minimum of six months, and there is evidence that such payments can, and A loan market rate with no concessionary terms is accounted for as a new loan and is no Refer Restructurings and January 1, 2023 . |
Charge-off of uncollectible loans [Policy Text Block] | Charge-off Corporation and subsequent recoveries of previously charged-off The Corporation foreclosure is probable or when repayment the borrower is experiencing are considered collateral or credit deterioration. Residential mortgage loans are 180 residential real estate. adjusted accordance based on the fair value of the collateral at the reporting date, adjusted for undiscounted Collateral written uncollectible and 0.5 closed-end consumer off when 120 when 180 180 needed, to fair confirming indicating a collateral deficiency when the asset is the sole source of repayment. |
Troubled debt restructuring [Policy Text Block] | Troubled the modifications limited to, deferment of principal remain in accrual status when the restructuring as TDRs will remain for a minimum of six months, and there is evidence that such payments can, and A loan market rate with no concessionary terms is accounted for as a new loan and is no Refer Restructurings and January 1, 2023 . |
Allowance for credit losses for loans and finance lease [Policy Text Block] | Allowance for credit losses for loans and finance leases The ACL basis confirms the loan balance is uncollectable. The Corporation events, estimation of expected risk Corporation’s unemployment rates, property values, and other relevant to cause over the contractual term renewals, and that a contract at the reporting date and are not unconditionally cancellable by The dependent loans and certain TDR of monitors the portfolio segments and classes. The Corporation has identified the following ● Residential – Residential receive first lien closed-end loans secured by 1-4 single-family residential properties. ● Commercial which property. ● Commercial and Industrial comes refinancing current well as middle-market customers across several industries, and the government ● Construction – industrial, new prospective tenants or purchasers may erode after construction begins because ● Consumer Consumer family, and other personal For i.e., Rico/Virgin product of a determine using the prepayments. For guaranteed qualified insurance program whereas loans insured or guaranteed ACL is PD macroeconomic variables, historical variables, such as the regional housing price index. For commercial occupancy, historical charge-off events and recovery value, expectations, rates, among others. For C&I and industry expectations performance and the equity market. For historical other specific attributes of the variables, such as unemployment rates, GDP, For consumer loans, (iii) credit types including, but not limited to, auto loans and finance and forward-looking macroeconomic based determines vintage by key macroeconomic variables, such as regional GDP, For the Virgin two years three years , utilizing a considers macroeconomic variable. for prepayments, recessionary periods. Furthermore, the be related and how limited to, expectations risks such impact credit quality, among others. In addition reasonably 0.5 construction collateral discounted cash flow and LGDs derived from the term (or at the arrive modified in a TDR, the ACL is measured using the same methodologies as those used See Note 5 – portfolio loans and finance leases during the year ended December 31, 2022, Refer January 1, 2023. |
Allowance For Credit Losses On Off Balance Sheet Credit Exposures And Other Assets [Policy Text Block] | Allowance for credit losses on off-balance sheet credit exposures and The Corporation estimates expected contractual balance sheet that funding December 31, credit methodologies calculated using ACL on off-balance sheet financial condition with adjustments included as part of the provision See unfunded ACL for off-balance sheet credit exposures The guaranteed included interest expenses amortized cost was immaterial. |
Loans held for sale [Policy Text Block] | Loans held for sale Loans future Generally, National Mortgage Association (“GNMA”) Corporation intends Mortgage Corporation (“FHLMC”). the aggregate portfolio included income. amortized cost basis when sale, if any, valuation allowance reported as part of other non-interest income In certain circumstances, If such a of loans held transfer. Any amortized cost are reflected in held for investment are earnings. Upon transfer to held for investment, the Corporation calculates |
Transfers and servicing of financial assets and extinguishment of liabilities [Policy Text Block] | Transfers and servicing of financial assets and extinguishment After a transfer of assets when it has surrendered control and derecognizes liabilities when they A transfer of financial consideration other transferred transferee transferred repurchase criteria, secured borrowing. |
Servicing Assets [Policy Text Block] | Servicing assets The Corporation recognizes purchased. In the ordinary course of business, loans are FHLMC, with servicing retained. Mortgage between loan-servicing functions financial condition, contractual mortgage remuneration when collected. Considerable judgment is required value value static cash from assumptions: (i) market-derived cost balances, delinquencies and foreclosures, late fees, prepayments, and prepayment Once allowance for portfolio other-than-temporary than temporary or not. its mortgage banking activities in the consolidated statements of income The servicing income. calculated remaining net MSR forecasted cash flow. |
Premises and equipment [Policy Text Block] | Premises and equipment Premises straight-line method the terms i.e. , the improvements, whichever are expensed cost and related non-interest intends to less cost to carrying amount equipment expenses in the consolidated statements of income. |
Operating Leases [Policy Text Block] | Operating leases recognized commencement leases are the commencement on fully initial measurement of the of the operating leases two years 30 years , some ten years . lease occupancy and equipment expenses that is based includes consolidated statements As of December 31, 2022, the Corporation, as lessee, did no t have any leases that qualified as finance leases. |
Other real estate owned [Policy Text Block] | Other real estate owned (“OREO”) OREO, estate acquired. their net maintaining resulting operations in the consolidated statements of income. Appraisals are obtained |
Claims Arising From FHA/VA Government-Guaranteed Residential Mortgage Loans [Policy Text Block] | Claims arising from FHA/VA Upon derecognizes statements Consumer information on foreclosures associated to December 31, 2022 and 2021. |
Goodwill and other intangible assets [Policy Text Block] | Goodwill and other intangible assets Goodwill Goodwill transactions accounted benefit from association with available to support circumstances exist that indicate a possible reduction relevant below its Consumer goodwill information on the qualitative assessment performed by the Corporation Other core deposit intangibles based assets for impairment whenever events |
Securities purchased and sold under agreements to repurchase [Policy Text Block] | Securities purchased and sold under agreements to repurchase The collateralized financing purchased or to, and the related monitoring process. similar identical certain agreements may have the right to repledge the collateral by contract in activities may be by Corporation offsets repurchase where it has such the same maturity date, and the amounts are determinable. From applicable original terms, substantially different 10 % different the recorded consolidated statements modified substantially original substantially different from the original terms, and, |
Income Taxes [PolicyText Block] | Income taxes The Corporation tax consequences assets result in taxable which the temporary tax rates income taxes are included tax assets to the that can taxes requires the consideration of all sources of taxable income of temporary differences and treatment information. Under tax benefit difference between as an Unrecognized Ta The Corporation releases income tax effects from OCL as pension |
Stock Repurchases [Policy Text Block] | Stock repurchases Treasury financial condition. When the reissued at prices that differ from the reacquisition cost. |
Stock-based compensation [Policy Text Block] | Stock-based compensation Compensation The Incentive “awards”) other stock-based value employee retirement eligibility of the award. Stock-based compensation forfeited due compensation forfeiture estimate is changed. If the actual forfeiture the lower expense recognized in the financial awards granted, see Note 16 – Stock-Based Compensation. |
Comprehensive (loss) income [Policy Text Block] | Comprehensive (loss) income Comprehensive (loss) for-sale debt securities and change in unrecognized pension |
Pension and Other Postretirement Benefits [Policy Text Block] | Pension and other postretirement benefits The Corporation complementary postretirement acquisition. based on the losses. The funding the future. To year. The these benefits in the future, is accrued during the years that the employee renders The funded status financial condition. In addition, to the plan are charged income. |
Segment Information [Policy Text Block] | Segment information The Corporation reports financial and an allocate resources segment definition described above geographic areas for six segments Treasury and Investments; United States Operations; information. |
Valuation of financial instruments [Policy Text Block] | Valuation The measurement The Corporation investments and liabilities is reflected at fair value on the Corporation’s The FASB’s an asset or paid to transaction between market financial observable or unobservable. Under the certain financial assets and current earnings. Value |
Revenue from contract with customers [Policy Text Block] | Revenue from contract with customers See Note and presentation revenue. |
Earnings per common share [Policy Text Block] | Earnings per common share Basic earnings per share of preferred dividends common computation of diluted earnings per share is similar to the computation average dilutive common shares had been issued, referred to as potential common shares. Potential dilutive warrants treasury stock from the exercise, in addition to the amount the incremental stock, stock options, and purchased would have contain non-forfeitable dividend rights if the performance condition |
Accounting Standards Adopted [Policy Text Block] | Accounting Standards Adopted in 2022 ASU issuance December residual exposure after June 30, 2023. The Corporation was not impacted by the adoption of the following ASUs during 2022: ● ASU 2021-05, “Leases (Topic ● ASU Compensation (Subtopic Call Options (a Consensus of the Emerging Issues Task ● ASU 2020-06, “Debt in Equity” Recently Issued Accounting Standards Not Yet Standard Description Effective Date Effect on the financial statements ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Securities Subject to Contractual Sale Restrictions” In June 2022, the FASB issued ASU 2022-03 which, among other things, clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account and, therefore, is not considered in measuring fair value; and introduces new disclosure requirements for equity securities subject to contractual sale restrictions. January 1, 2024. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Corporation is evaluating the impact that this ASU will have on its financial statements and disclosures. The Corporation does not expect to be materially impacted by the adoption of this ASU during the first quarter of 2024. ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” In March 2022, the FASB issued ASU 2022-02 which eliminates the TDRs recognition and measurement guidance. As such, the requirement to use a discounted cash flow method for TDRs that involve a concession that can only be captured by means of this method is no longer required and the consideration of reasonably expected TDRs is eliminated from ASC Topic 326. In addition, the ASU enhances disclosure requirements for loan restructurings by creditors made to borrowers experiencing financial difficulty for which the terms of the receivables have been modified, regardless of whether the refinancing is accounted for as a new loan, and amends the guidance on vintage disclosures to require disclosure of gross write-offs by year of origination. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation adopted the amendments of this update during the first quarter of 2023 using a modified retrospective transition method with respect to the portion of the standard that relates to the recognition and measurement of TDRs (i.e. adjustments to the ACL that had been calculated using a discounted cash flow methodology for loans modified as a TDR prior to the adoption of these amendments). As of January 1, 2023, the Corporation recorded a cumulative effect adjustment of 1 after-tax, as a reduction to retained earnings. In addition, the Corporation performed the necessary data updates to comply with the enhanced disclosure requirements. ASU 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Layer Method” In March 2022, the FASB issued ASU 2022-01 which, among others, expands the current last-of- layer method to allow multiple hedged layers and the scope of the portfolio layer method to non- prepayable financial assets. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation does not expect to be impacted by the amendments of this update since it does not apply fair value hedge accounting to any of its derivatives. ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities From Contracts With Customers” In October 2021, the FASB issued ASU 2021-08 which, among others, requires that the acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 and provides certain practical expedients. January 1, 2023, unless early adopted in which case the amendments should be applied as of the beginning of the fiscal year that includes the interim period The Corporation will consider these amendments on business combinations completed on or after the adoption date. |
MONEY MARKET INVESTMENTS (Table
MONEY MARKET INVESTMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
MONEY MARKET INVESTMENTS [Abstract] | |
Schedule Of Money Market Investments [Table Text Block] | 2022 2021 (Dollars in thousands) Time deposits with other financial institutions (1) (2) $ 300 $ 300 Overnight deposits with other financial institutions (3) 541 1,200 Other short-term investments (4) 1,184 1,182 $ 2,025 $ 2,682 (1) Consists of time deposits segregated for compliance with the Puerto (2) Interest rate of 0.40 % and 0.05 % as of December 31, 2022 and 2021, respectively. (3) Weighted-average interest rate 4.33 % and 0.07 % as of December 31, 2022 and 2021, respectively. (4) Weighted-average interest rate 0.14 % and 0.15 % as of December 31, 2022 and 2021, respectively. |
DEBT SECURITIES (Tables)
DEBT SECURITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block] | Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 797 $ 308 $ 1,105 Provision for credit losses - (benefit) expense (501) 67 (434) Net charge-offs (213) - (213) $ 83 $ 375 $ 458 Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ 1,002 $ 308 $ 1,310 Provision for credit losses - (benefit) (136) - (136) Net charge-offs (69) - (69) $ 797 $ 308 $ 1,105 Year Private label MBS Puerto Rico Government Obligations Total (In thousands) Beginning balance $ - $ - $ - Provision for credit losses - expense 1,333 308 1,641 Net charge-offs (331) - (331) $ 1,002 $ 308 $ 1,310 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block] | Puerto Rico Municipal Bonds Year December 31, 2022 December 31, 2021 December 31, 2020 (In thousands) Beginning Balance $ 8,571 $ 8,845 $ - Impact of adopting ASC 326 - - 8,134 Initial allowance on PCD debt securities - - 1,269 Provision for credit losses - (benefit) (285) (274) (558) ACL on held-to-maturity debt securities $ 8,286 $ 8,571 $ 8,845 |
Significant Assumptions in Valuation of Private Label MBS [Table Text Block] | The tables below present quantitative information for significant assets measured at unobservable inputs (Level 3) as of December 31, 2022 and 2021: December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 7,234 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Prepayment rate 7.6% 24.9% 15.2% Projected cumulative loss rate 0.2% 15.7% 7.6% $ 2,850 Discounted cash flows Discount rate 6.6% 8.4% 7.9% Projected cumulative loss rate 8.6% 8.6% 8.6% |
Held-to-maturity Securities [Member] | |
Other Than Temporary Impairment Credit Losses Recognized In Earnings [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The maturities of held-to-maturity debt securities as of December 31, 2022 and December 31, 2022 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 1,202 $ - $ 15 $ 1,187 $ 2 5.20 42,530 886 1,076 42,340 656 6.34 55,956 3,182 360 58,778 3,243 6.29 66,022 - 1,318 64,704 4,385 7.10 Total Puerto Rico municipal bonds 165,710 4,068 2,769 167,009 8,286 6.62 MBS: After 5 to 10 years $ 21,443 $ - $ 746 $ 20,697 $ - 3.03 After 10 years 19,362 - 888 18,474 - 4.21 40,805 - 1,634 39,171 - 3.59 ` After 10 years 19,131 - 943 18,188 - 3.35 After 1 to 5 years 9,621 - 396 9,225 - 3.48 After 10 years 72,347 - 3,155 69,192 - 4.14 81,968 - - 3,551 78,417 - 4.06 After 10 years 129,923 - 5,593 124,330 - 3.24 Total MBS 271,827 - 11,721 260,106 - 3.55 Total held-to-maturity debt securities $ 437,537 $ 4,068 $ 14,490 $ 427,115 $ 8,286 4.71 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 5.5 consolidated statements of financial condition, and is excluded from the estimate of credit losses. December 31, 2021 Amortized cost (1) Gross Unrecognized Fair value Weighted- Gains Losses ACL average yield% (Dollars in thousands) Puerto Rico municipal bonds: $ 2,995 $ 5 $ - $ 3,000 $ 70 5.39 14,785 526 156 15,155 347 2.35 90,584 1,555 3,139 89,000 3,258 4.25 69,769 - 9,777 59,992 4,896 4.06 Total held-to-maturity debt securities $ 178,133 $ 2,086 $ 13,072 $ 167,147 $ 8,571 4.04 (1) Excludes accrued interest receivable on held-to-maturity debt securities that totaled $ 3.4 consolidated statements of financial condition, and is excluded from the estimate of credit losses. |
Schedule of Unrealized Loss on Investments [Table Text Block] | During 2022, 289.9 debt securities. The following by category and length of time that individual securities had been and 2021, including debt securities for which an ACL was recorded: As of December 31, 2022 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 98,797 $ 2,769 $ 98,797 $ 2,769 FHLMC certificates 39,171 1,634 - - 39,171 1,634 GNMA certificates 18,188 943 - - 18,188 943 FNMA certificates 78,417 3,551 - - 78,417 3,551 CMOs 124,330 5,593 - - 124,330 5,593 Total held-to-maturity debt securities $ 260,106 $ 11,721 $ 98,797 $ 2,769 $ 358,903 $ 14,490 As of December 31, 2021 Less than 12 months 12 months or more Total Unrecognized Unrecognized Unrecognized Fair Value Fair Value Fair Value (In thousands) Debt securities: $ - $ - $ 140,732 $ 13,072 $ 140,732 $ 13,072 |
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 available-for-sale debt securities by contractual maturities as of December 31, 2022 Amortized cost (1) Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: Due within one year $ 7,493 $ - $ 309 $ - $ 7,184 0.22 After 1 to 5 years 141,366 - 9,675 - 131,691 0.70 U.S. GSEs' obligations: Due within one year 129,018 - 4,036 - 124,982 0.32 After 1 to 5 years 2,395,273 22 227,724 - 2,167,571 0.83 After 5 to 10 years 56,251 13 7,670 - 48,594 1.54 After 10 years 12,170 36 - - 12,206 4.62 Puerto Rico government obligations: (2) 3,331 - 755 375 2,201 - United States and Puerto Rico government obligations 2,744,902 71 250,169 375 2,494,429 0.83 MBS: FHLMC certificates: After 1 to 5 years 4,235 - 169 - 4,066 2.33 After 5 to 10 years 204,085 - 19,061 - 185,024 1.55 After 10 years 1,092,289 - 186,558 - 905,731 1.38 1,300,609 - 205,788 - 1,094,821 1.41 GNMA certificates: Due within one year 5 - - - 5 1.73 After 1 to 5 years 15,508 - 622 - 14,886 2.00 After 5 to 10 years 45,322 1 3,809 - 41,514 1.31 After 10 years 232,632 51 27,169 - 205,514 2.47 293,467 52 31,600 - 261,919 2.27 FNMA certificates: After 1 to 5 years 9,685 - 521 - 9,164 1.76 After 5 to 10 years 400,223 - 36,871 - 363,352 1.70 After 10 years 1,186,635 124 186,757 - 1,000,002 1.38 1,596,543 124 224,149 - 1,372,518 1.46 by the FHLMC, FNMA and GNMA ("CMOs"): After 1 to 5 years 30,578 - 4,463 - 26,115 2.43 After 10 years 423,695 - 80,271 - 343,424 1.38 454,273 - 84,734 - 369,539 1.45 Private label: 7,903 - 2,026 83 5,794 6.83 Total MBS 3,652,795 176 548,297 83 3,104,591 1.52 Other 500 - - - 500 0.84 Total available-for-sale debt securities $ 6,398,197 $ 247 $ 798,466 $ 458 $ 5,599,520 1.22 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 11.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. During 2021, the Corporation placed this instrument in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. December 31, 2021 Amortized cost Gross ACL Fair value Unrealized Weighted- Gains Losses average yield% (Dollars in thousands) U.S. Treasury securities: After 1 to 5 years $ 149,660 $ 59 $ 1,233 $ - $ 148,486 0.68 U.S. GSEs' obligations: 1,877,181 240 29,555 - 1,847,866 0.60 403,785 175 10,856 - 393,104 0.90 15,788 224 - - 16,012 0.63 Puerto Rico government obligations: (2) 3,574 - 416 308 2,850 - United States and Puerto Rico government obligations 2,449,988 698 42,060 308 2,408,318 0.67 MBS: After 1 to 5 years 2,811 119 - - 2,930 2.65 After 5 to 10 years 193,234 2,419 1,122 - 194,531 1.29 After 10 years 1,240,964 3,748 23,503 - 1,221,209 1.18 1,437,009 6,286 24,625 - 1,418,670 1.20 Due within one year 2 - - - 2 1.32 After 1 to 5 years 16,714 572 - - 17,286 2.90 After 5 to 10 years 27,271 80 139 - 27,212 0.51 After 10 years 338,927 7,091 2,174 - 343,844 1.45 382,914 7,743 2,313 - 388,344 1.45 Due within one year 4,975 21 - - 4,996 2.03 After 1 to 5 years 21,337 424 - - 21,761 2.87 After 5 to 10 years 298,771 4,387 1,917 - 301,241 1.41 After 10 years 1,389,381 8,953 21,747 - 1,376,587 1.21 1,714,464 13,785 23,664 - 1,704,585 1.27 CMOs: After 1 to 5 years 24,007 1 778 - 23,230 1.31 After 5 to 10 years 14,316 97 - - 14,413 0.76 After 10 years 500,811 290 13,134 - 487,967 1.23 539,134 388 13,912 - 525,610 1.22 Private label: 9,994 - 1,963 797 7,234 2.21 Total MBS 4,083,515 28,202 66,477 797 4,044,443 1.26 Other Due within one year 500 - - - 500 0.72 After 1 to 5 years 500 - - - 500 0.84 1,000 - - - 1,000 0.78 Total available-for-sale debt securities $ 6,534,503 $ 28,900 $ 108,537 1,105 $ 6,453,761 1.03 (1) Excludes accrued interest receivable on available-for-sale debt securities that totaled $ 10.1 consolidated statements of financial condition, and excluded from the estimate of credit losses. (2) Consists of a residential pass-through MBS issued by the PRHFA that is collateralized by certain second mortgages originated under a program launched by the Puerto Rico government in 2010. During 2021, the Corporation placed this instrument in nonaccrual status based on the delinquency status of the underlying second mortgage loans collateral. |
Schedule of Unrealized Loss on Investments [Table Text Block] | The aggregated by of December 31, 2022 and 2021. The tables also include debt securities for As of December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs' $ 298,313 $ 18,057 $ 2,174,724 $ 231,357 $ 2,473,037 $ 249,414 Puerto Rico government obligations - - 2,201 755 (1) 2,201 755 MBS: FHLMC 263,184 45,776 831,637 160,012 1,094,821 205,788 GNMA 74,829 3,433 179,854 28,167 254,683 31,600 FNMA 424,178 51,289 938,625 172,860 1,362,803 224,149 CMOs 54,688 6,788 314,851 77,946 369,539 84,734 Private label - - 5,794 2,026 (1) 5,794 2,026 $ 1,115,192 $ 125,343 $ 4,447,686 $ 673,123 $ 5,562,878 $ 798,466 (1) Unrealized losses do not include the credit loss component recorded 0.4 $ 0.1 As of December 31, 2021 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Fair Value Fair Value (In thousands) Debt securities: U.S. Treasury and U.S. GSEs' $ 1,717,340 $ 25,401 $ 606,179 $ 16,243 $ 2,323,519 $ 41,644 Puerto Rico government obligations - - 2,850 416 (1) 2,850 416 MBS: FHLMC 986,345 16,144 221,896 8,481 1,208,241 24,625 GNMA 194,271 1,329 41,233 984 235,504 2,313 FNMA 1,237,701 19,843 112,559 3,821 1,350,260 23,664 CMOs 466,004 13,552 16,656 360 482,660 13,912 Private label - - 7,234 1,963 (1) 7,234 1,963 $ 4,601,661 $ 76,269 $ 1,008,607 $ 32,268 $ 5,610,268 $ 108,537 (1) Unrealized losses do not include the credit loss component recorded 0.3 $ 0.8 |
Significant Assumptions in Valuation of Private Label MBS [Table Text Block] | As of As of December 31, 2022 December 31, 2021 Weighted Range Weighted Range Average Minimum Maximum Average Minimum Maximum Discount rate 16.2% 16.2% 16.2% 12.9% 12.9% 12.9% Prepayment rate 11.8% 1.5% 15.2% 15.2% 7.6% 24.9% Projected Cumulative Loss Rate 5.6% 0.3% 15.6% 7.6% 0.2% 15.7% |
LOANS HELD FOR INVESTMENT (Tabl
LOANS HELD FOR INVESTMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | The geographic locations As of December 31, As of December 31, 2022 2021 (In thousands) Puerto Rico and Virgin Islands region: Residential mortgage loans, mainly secured by first mortgages $ 2,417,900 $ 2,549,573 Construction loans 34,772 43,133 Commercial mortgage loans 1,834,204 1,702,231 C&I loans 1,860,109 1,946,597 Consumer loans 3,317,489 2,872,384 Loans held for investment $ 9,464,474 $ 9,113,918 Florida region: Residential mortgage loans, mainly secured by first mortgages $ 429,390 $ 429,322 Construction loans 98,181 95,866 Commercial mortgage loans 524,647 465,238 C&I loans 1,026,154 940,654 Consumer loans 9,979 15,660 Loans held for investment $ 2,088,351 $ 1,946,740 Total: Residential mortgage loans, mainly secured by first mortgages $ 2,847,290 $ 2,978,895 Construction loans 132,953 138,999 Commercial mortgage loans 2,358,851 2,167,469 C&I loans (1) 2,886,263 2,887,251 Consumer loans 3,327,468 2,888,044 Loans held for investment (2) 11,552,825 11,060,658 ACL on loans and finance leases (260,464) (269,030) Loans held for investment, net $ 11,292,361 $ 10,791,628 (1) As of December 31, 2022 and 2021, includes $ 838.5 952.1 source of repayment at origination was not dependent upon the (2) Includes accretable fair value net purchase discounts of $ 29.3 35.3 |
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] | The Corporation’s portfolio classes as of December 31, 2022 and 2021 are as follows: As of December 31, 2022 Days Past Due and Accruing Current 30-59 60-89 90+ (1) (2) (3) Nonaccrual (4) (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (7) $ 67,116 $ - $ 2,586 $ 48,456 $ - $ 118,158 $ - (2) (7) 2,643,909 - 25,630 16,821 42,772 2,729,132 2,292 Commercial loans: 130,617 - - 128 2,208 132,953 977 (2) (7) 2,330,094 300 2,367 3,771 22,319 2,358,851 15,991 2,868,989 1,984 1,128 6,332 7,830 2,886,263 3,300 Consumer loans: 1,740,271 40,039 7,089 - 10,672 1,798,071 2,136 707,646 7,148 1,791 - 1,645 718,230 330 346,366 3,738 1,894 - 1,248 353,246 - 301,013 3,705 2,238 4,775 - 311,731 - 141,687 1,804 1,458 - 1,241 146,190 - $ 11,277,708 $ 58,718 $ 46,181 $ 80,283 $ 89,935 $ 11,552,825 $ 25,026 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 28.2 loans guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 12.0 11.0 residential mortgage loans and $ 1.0 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 10.3 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.3 (5) Nonaccrual loans exclude $ 328.1 (6) Includes $ 0.3 (7) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2022 amounted to $ 6.1 65.2 1.6 respectively. As of December 31, 2021 Days Past Due and Accruing Current 30-59 60-89 90+ (1)(2)(3) Nonaccrual (4) (5) Total loans held for investment Nonaccrual Loans with no ACL (6) (In thousands) Residential mortgage loans, mainly secured by first mortgages: (1) (3) (7) $ 57,522 $ - $ 2,355 $ 65,515 $ - $ 125,392 $ - (2) (7) 2,738,111 - 31,832 28,433 55,127 2,853,503 3,689 Commercial loans: 136,317 18 - - 2,664 138,999 1,000 (2) (7) 2,129,375 2,402 436 9,919 25,337 2,167,469 8,289 2,858,397 2,047 1,845 7,827 17,135 2,887,251 11,393 Consumer loans: 1,533,445 26,462 4,949 - 6,684 1,571,540 3,146 568,606 4,820 713 - 866 575,005 196 310,390 3,299 1,285 - 1,208 316,182 - 282,179 3,158 1,904 2,985 - 290,226 - 130,588 1,996 811 - 1,696 135,091 20 $ 10,744,930 $ 44,202 $ 46,130 $ 114,679 $ 110,717 $ 11,060,658 $ 27,733 (1) It is the Corporation's policy to report delinquent FHA/VA government-guaranteed residential mortgage loans as past-due loans 90 days and still accruing as opposed to accruing interest on these loans until they have passed the 15 months delinquency mark, taking into consideration the FHA interest curtailment process. These balances include $ 46.6 guaranteed by the FHA that were over 15 months delinquent. (2) Includes PCD loans previously accounted for under ASC Subtopic 310-30 for which the Corporation made the accounting policy election of maintaining pools of loans as “units of account” both at the time of adoption of CECL on January 1, 2020 and on an ongoing basis for credit loss measurement. These loans will continue to be excluded from nonaccrual loan statistics as long as the Corporation can reasonably estimate the timing and amount of cash flows expected to be collected on the loan pools. The portion of such loans contractually past due 90 days or more, amounting to $ 20.6 19.1 residential mortgage loans and $ 1.5 (3) Include rebooked loans, which were previously pooled into GNMA securities, amounting to $ 7.2 repurchase loans that meet GNMA’s liability. (4) Nonaccrual loans in the Florida region amounted to $ 8.2 (5) Nonaccrual loans exclude $ 363.4 (6) Includes $ 0.5 (7) According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA conventional residential mortgage loans, and commercial mortgage loans past due 30-59 days, but less than two payments in arrears, as of December 31, 2021 amounted to $ 6.1 66.0 0.7 respectively. |
Corporation's Credit Quality Indicators by Loan [Table Text Block] | As of December 31, Puerto Rico and Virgin Islands region Term Loans As of December 31, 2021 Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 9,463 $ 18,385 $ - $ - $ - $ 4,031 $ - $ 31,879 $ 38,066 - - - - - - - - 765 - - - - - 2,893 - 2,893 4,302 - - - - - - - - - - - - - - - - - - $ 9,463 $ 18,385 $ - $ - $ - $ 6,924 $ - $ 34,772 $ 43,133 COMMERCIAL MORTGAGE $ 391,589 $ 141,456 $ 363,115 $ 296,954 $ 193,795 $ 267,793 $ 1,026 $ 1,655,728 $ 1,395,569 1,198 - 3,583 6,919 12,042 121,673 - 145,415 259,263 135 - - 2,819 - 30,107 - 33,061 47,399 - - - - - - - - - - - - - - - - - - $ 392,922 $ 141,456 $ 366,698 $ 306,692 $ 205,837 $ 419,573 $ 1,026 $ 1,834,204 $ 1,702,231 C&I $ 297,932 $ 195,460 $ 184,856 $ 315,987 $ 88,484 $ 179,201 $ 527,652 $ 1,789,572 $ 1,852,552 138 912 - 500 9,867 2,631 29,176 43,224 32,650 203 351 1,324 14,119 725 10,238 353 27,313 61,395 - - - - - - - - - - - - - - - - - - $ 298,273 $ 196,723 $ 186,180 $ 330,606 $ 99,076 $ 192,070 $ 557,181 $ 1,860,109 $ 1,946,597 (1) Excludes accrued interest receivable. As of December 31, Term Loans As of December 31, 2021 Florida region Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 48,536 $ 42,841 $ - $ 14 $ - $ - $ 6,790 $ 98,181 $ 95,866 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 48,536 $ 42,841 $ - $ 14 $ - $ - $ 6,790 $ 98,181 $ 95,866 COMMERCIAL MORTGAGE $ 176,131 $ 70,525 $ 41,413 $ 54,839 $ 71,404 $ 70,316 $ 18,556 $ 503,184 $ 404,304 - - 6,986 13,309 - - - 20,295 60,618 - - 1,168 - - - - 1,168 316 - - - - - - - - - - - - - - - - - - $ 176,131 $ 70,525 $ 49,567 $ 68,148 $ 71,404 $ 70,316 $ 18,556 $ 524,647 $ 465,238 C&I $ 277,637 $ 163,210 $ 77,027 $ 223,504 $ 66,484 $ 35,028 $ 136,261 $ 979,151 $ 826,823 - - - 5,974 - 11,931 - 17,905 49,946 - - 267 24,852 - 3,678 301 29,098 63,885 - - - - - - - - - - - - - - - - - - $ 277,637 $ 163,210 $ 77,294 $ 254,330 $ 66,484 $ 50,637 $ 136,562 $ 1,026,154 $ 940,654 (1) Excludes accrued interest receivable. As of December 31, Total Term Loans As of December 31, 2021 Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) CONSTRUCTION $ 57,999 $ 61,226 $ - $ 14 $ - $ 4,031 $ 6,790 $ 130,060 $ 133,932 - - - - - - - - 765 - - - - - 2,893 - 2,893 4,302 - - - - - - - - - - - - - - - - - - $ 57,999 $ 61,226 $ - $ 14 $ - $ 6,924 $ 6,790 $ 132,953 $ 138,999 COMMERCIAL MORTGAGE $ 567,720 $ 211,981 $ 404,528 $ 351,793 $ 265,199 $ 338,109 $ 19,582 $ 2,158,912 $ 1,799,873 1,198 - 10,569 20,228 12,042 121,673 - 165,710 319,881 135 - 1,168 2,819 - 30,107 - 34,229 47,715 - - - - - - - - - - - - - - - - - - $ 569,053 $ 211,981 $ 416,265 $ 374,840 $ 277,241 $ 489,889 $ 19,582 $ 2,358,851 $ 2,167,469 C&I $ 575,569 $ 358,670 $ 261,883 $ 539,491 $ 154,968 $ 214,229 $ 663,913 $ 2,768,723 $ 2,679,375 138 912 - 6,474 9,867 14,562 29,176 61,129 82,596 203 351 1,591 38,971 725 13,916 654 56,411 125,280 - - - - - - - - - - - - - - - - - - $ 575,910 $ 359,933 $ 263,474 $ 584,936 $ 165,560 $ 242,707 $ 693,743 $ 2,886,263 $ 2,887,251 (1) Excludes accrued interest receivable. The following accrual status as of December 31, 2021: As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,030 $ - $ 117,416 $ 124,652 Non-Performing - - - - - - - - - Total FHA/VA $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,030 $ - $ 117,416 $ 124,652 Conventional residential mortgage loans: Accrual Status: Performing $ 172,628 $ 75,397 $ 31,885 $ 47,911 $ 72,285 $ 1,864,907 $ - $ 2,265,013 $ 2,376,946 Non-Performing - 35 - 219 279 34,938 - 35,471 47,975 Total conventional residential mortgage loans $ 172,628 $ 75,432 $ 31,885 $ 48,130 $ 72,564 $ 1,899,845 $ - $ 2,300,484 $ 2,424,921 Total: Accrual Status: Performing $ 173,328 $ 76,090 $ 32,687 $ 49,318 $ 76,069 $ 1,974,937 $ - $ 2,382,429 $ 2,501,598 Non-Performing - 35 - 219 279 34,938 - 35,471 47,975 Total residential mortgage loans in Puerto Rico and Virgin Islands Region $ 173,328 $ 76,125 $ 32,687 $ 49,537 $ 76,348 $ 2,009,875 $ - $ 2,417,900 $ 2,549,573 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: FHA/VA government-guaranteed loans Accrual Status: Performing $ - $ - $ - $ - $ - $ 742 $ - $ 742 $ 740 Non-Performing - - - - - - - - - Total FHA/VA $ - $ - $ - $ - $ - $ 742 $ - $ 742 $ 740 Conventional residential mortgage loans: Accrual Status: Performing $ 82,968 $ 49,479 $ 31,405 $ 31,144 $ 37,268 $ 189,083 $ - $ 421,347 $ 421,430 Non-Performing - - - 272 477 6,552 - 7,301 7,152 Total conventional residential mortgage loans $ 82,968 $ 49,479 $ 31,405 $ 31,416 $ 37,745 $ 195,635 $ - $ 428,648 $ 428,582 Total: Accrual Status: Performing $ 82,968 $ 49,479 $ 31,405 $ 31,144 $ 37,268 $ 189,825 $ - $ 422,089 $ 422,170 Non-Performing - - - 272 477 6,552 - 7,301 7,152 Total residential mortgage loans in Florida region $ 82,968 $ 49,479 $ 31,405 $ 31,416 $ 37,745 $ 196,377 $ - $ 429,390 $ 429,322 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: FHA/VA government-guaranteed loans Accrual Status: Performing $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,772 $ - $ 118,158 $ 125,392 Non-Performing - - - - - - - - - Total FHA/VA $ 700 $ 693 $ 802 $ 1,407 $ 3,784 $ 110,772 $ - $ 118,158 $ 125,392 Conventional residential mortgage loans: Accrual Status: Performing $ 255,596 $ 124,876 $ 63,290 $ 79,055 $ 109,553 $ 2,053,990 $ - $ 2,686,360 $ 2,798,376 Non-Performing - 35 - 491 756 41,490 - 42,772 55,127 Total conventional residential mortgage loans $ 255,596 $ 124,911 $ 63,290 $ 79,546 $ 110,309 $ 2,095,480 $ - $ 2,729,132 $ 2,853,503 Total: Accrual Status: Performing $ 256,296 $ 125,569 $ 64,092 $ 80,462 $ 113,337 $ 2,164,762 $ - $ 2,804,518 $ 2,923,768 Non-Performing - 35 - 491 756 41,490 - 42,772 55,127 Total residential mortgage loans $ 256,296 $ 125,604 $ 64,092 $ 80,953 $ 114,093 $ 2,206,252 $ - $ 2,847,290 $ 2,978,895 (1) Excludes accrued interest receivable. The status as of December 31, 2021: As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Puerto Rico and Virgin Islands Regions: Auto loans: Accrual Status: Performing $ 674,145 $ 510,950 $ 254,196 $ 206,345 $ 99,008 $ 39,138 $ - $ 1,783,782 $ 1,556,097 Non-Performing 1,666 2,140 1,596 2,508 1,385 1,301 - 10,596 6,684 Total auto loans $ 675,811 $ 513,090 $ 255,792 $ 208,853 $ 100,393 $ 40,439 $ - $ 1,794,378 $ 1,562,781 Finance leases: Accrual Status: Performing $ 292,995 $ 192,435 $ 88,196 $ 81,186 $ 48,332 $ 13,441 $ - $ 716,585 $ 574,139 Non-Performing 176 253 305 219 384 308 - 1,645 866 Total finance leases $ 293,171 $ 192,688 $ 88,501 $ 81,405 $ 48,716 $ 13,749 $ - $ 718,230 $ 575,005 Personal loans: Accrual Status: Performing $ 175,875 $ 55,993 $ 29,320 $ 53,911 $ 22,838 $ 13,727 $ - $ 351,664 $ 314,867 Non-Performing 348 249 135 289 112 115 - 1,248 1,208 Total personal loans $ 176,223 $ 56,242 $ 29,455 $ 54,200 $ 22,950 $ 13,842 $ - $ 352,912 $ 316,075 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Other consumer loans: Accrual Status: Performing $ 79,630 $ 21,488 $ 9,345 $ 11,941 $ 4,030 $ 3,761 $ 8,921 $ 139,116 $ 126,734 Non-Performing 409 201 61 119 20 241 71 1,122 1,563 Total other consumer loans $ 80,039 $ 21,689 $ 9,406 $ 12,060 $ 4,050 $ 4,002 $ 8,992 $ 140,238 $ 128,297 Total: Performing $ 1,222,645 $ 780,866 $ 381,057 $ 353,383 $ 174,208 $ 70,067 $ 320,652 $ 3,302,878 $ 2,862,063 Non-Performing 2,599 2,843 2,097 3,135 1,901 1,965 71 14,611 10,321 Total consumer loans in Puerto Rico and Virgin Islands region $ 1,225,244 $ 783,709 $ 383,154 $ 356,518 $ 176,109 $ 72,032 $ 320,723 $ 3,317,489 $ 2,872,384 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Florida Region: Auto loans: Accrual Status: Performing $ - $ - $ - $ 305 $ 2,333 $ 979 $ - $ 3,617 $ 8,759 Non-Performing - - - - 36 40 - 76 - Total auto loans $ - $ - $ - $ 305 $ 2,369 $ 1,019 $ - $ 3,693 $ 8,759 Finance leases: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total finance leases $ - $ - $ - $ - $ - $ - $ - $ - $ - Personal loans: Accrual Status: Performing $ 254 $ 71 $ 9 $ - $ - $ - $ - $ 334 $ 107 Non-Performing - - - - - - - - - Total personal loans $ 254 $ 71 $ 9 $ - $ - $ - $ - $ 334 $ 107 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ - $ - $ - Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ - $ - $ - Other consumer loans: Accrual Status: Performing $ 49 $ 231 $ 464 $ - $ 39 $ 2,588 $ 2,462 $ 5,833 $ 6,661 Non-Performing - - - - - 21 98 119 133 Total other consumer loans $ 49 $ 231 $ 464 $ - $ 39 $ 2,609 $ 2,560 $ 5,952 $ 6,794 Total: Performing $ 303 $ 302 $ 473 $ 305 $ 2,372 $ 3,567 $ 2,462 $ 9,784 $ 15,527 Non-Performing - - - - 36 61 98 195 133 Total consumer loans in Florida region $ 303 $ 302 $ 473 $ 305 $ 2,408 $ 3,628 $ 2,560 $ 9,979 $ 15,660 (1) Excludes accrued interest receivable. As of December 31, As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year (1) 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Basis Total Total (In thousands) Total: Auto loans: Accrual Status: Performing $ 674,145 $ 510,950 $ 254,196 $ 206,650 $ 101,341 $ 40,117 $ - $ 1,787,399 $ 1,564,856 Non-Performing 1,666 2,140 1,596 2,508 1,421 1,341 - 10,672 6,684 Total auto loans $ 675,811 $ 513,090 $ 255,792 $ 209,158 $ 102,762 $ 41,458 $ - $ 1,798,071 $ 1,571,540 Finance leases: Accrual Status: Performing $ 292,995 $ 192,435 $ 88,196 $ 81,186 $ 48,332 $ 13,441 $ - $ 716,585 $ 574,139 Non-Performing 176 253 305 219 384 308 - 1,645 866 Total finance leases $ 293,171 $ 192,688 $ 88,501 $ 81,405 $ 48,716 $ 13,749 $ - $ 718,230 $ 575,005 Personal loans: Accrual Status: Performing $ 176,129 $ 56,064 $ 29,329 $ 53,911 $ 22,838 $ 13,727 $ - $ 351,998 $ 314,974 Non-Performing 348 249 135 289 112 115 - 1,248 1,208 Total personal loans $ 176,477 $ 56,313 $ 29,464 $ 54,200 $ 22,950 $ 13,842 $ - $ 353,246 $ 316,182 Credit cards: Accrual Status: Performing $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Non-Performing - - - - - - - - - Total credit cards $ - $ - $ - $ - $ - $ - $ 311,731 $ 311,731 $ 290,226 Other consumer loans: Accrual Status: Performing $ 79,679 $ 21,719 $ 9,809 $ 11,941 $ 4,069 $ 6,349 $ 11,383 $ 144,949 $ 133,395 Non-Performing 409 201 61 119 20 262 169 1,241 1,696 Total other consumer loans $ 80,088 $ 21,920 $ 9,870 $ 12,060 $ 4,089 $ 6,611 $ 11,552 $ 146,190 $ 135,091 Total: Performing $ 1,222,948 $ 781,168 $ 381,530 $ 353,688 $ 176,580 $ 73,634 $ 323,114 $ 3,312,662 $ 2,877,590 Non-Performing 2,599 2,843 2,097 3,135 1,937 2,026 169 14,806 10,454 Total consumer loans $ 1,225,547 $ 784,011 $ 383,627 $ 356,823 $ 178,517 $ 75,660 $ 323,283 $ 3,327,468 $ 2,888,044 (1) Excludes accrued interest receivable. |
Collateral Pledged [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Portfolio Held for Investment [Table Text Block] | As of December 31, 2022 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 36,206 $ 2,571 $ - $ 36,206 $ 2,571 Commercial loans: Construction loans - - 956 956 - Commercial mortgage loans 2,466 897 62,453 64,919 897 C&I loans 1,513 322 17,590 19,103 322 Consumer loans: Personal loans 56 1 64 120 1 Other consumer loans 207 29 - 207 29 $ 40,448 $ 3,820 $ 81,063 $ 121,511 $ 3,820 As of December 31, 2021 Collateral Dependent Loans - With Allowance Collateral Dependent Loans - With No Related Allowance Collateral Dependent Loans - Total Amortized Cost Related Allowance Amortized Cost Amortized Cost Related Allowance (In thousands) Residential mortgage loans: Conventional residential mortgage loans $ 51,771 $ 3,966 $ 781 $ 52,552 $ 3,966 Commercial loans: Construction loans - - 1,797 1,797 - Commercial mortgage loans 9,908 1,152 56,361 66,269 1,152 C&I loans 5,781 670 34,043 39,824 670 Consumer loans: Personal loans 78 1 - 78 1 Other consumer loans 782 98 - 782 98 $ 68,320 $ 5,887 $ 92,982 $ 161,302 $ 5,887 |
TDR [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Troubled Debt Restructurings On Financing Receivables Table [Text Block] | Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 433 $ 1,551 $ 242 $ - $ 4,874 $ 7,100 Construction loans - - - - - - Commercial mortgage loans - 245 5,178 - 467 5,890 C&I loans 2,402 - 618 825 1,083 4,928 Consumer loans: Auto loans 2,877 232 345 - - 3,454 Finance leases - 573 - - 18 591 Personal loans 99 171 105 - 19 394 Credit cards (2) - - - - 816 816 Other consumer loans 112 272 16 43 - 443 Total TDRs $ 5,923 $ 3,044 $ 6,504 $ 868 $ 7,277 $ 23,616 (1) Other concessions granted by the Corporation include payment the table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Other (1) Total (In thousands) Conventional residential mortgage loans $ 365 $ 859 $ 2,647 $ - $ 3,723 $ 7,594 Construction loans - - - - - - Commercial mortgage loans - - 10,586 - 637 11,223 C&I loans - 300 9,100 - 508 9,908 Consumer loans: Auto loans 1,888 433 277 - - 2,598 Finance leases - 645 26 - 26 697 Personal loans 13 60 387 - 44 504 Credit cards (2) - - - - 1,426 1,426 Other consumer loans 110 79 - 77 - 266 $ 2,376 $ 2,376 $ 23,023 $ 77 $ 6,364 $ 34,216 (1) Other concessions granted by the Corporation include payment table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, Interest rate below market Maturity or term extension Combination of reduction in interest rate and extension of maturity Forgiveness of principal and/or interest Forbearance Agreement Other (1) Total (In thousands) Conventional residential mortgage loans $ 18 $ 545 $ 2,044 $ - $ - $ 5,700 $ 8,307 Construction loans - - - - - - - Commercial mortgage loans - - 271 - - 553 824 C&I loans 31 - 4,107 - 18,386 - 22,524 Consumer loans: Auto loans 1,902 413 275 - - 33 2,623 Finance leases - 408 - - - - 408 Personal loans 38 74 145 - - 48 305 Credit cards (2) - - - - - 783 783 Other consumer loans 219 83 24 219 - - 545 $ 2,208 $ 1,523 $ 6,866 $ 219 $ 18,386 $ 7,117 $ 36,319 (1) Other concessions granted by the Corporation include payment table. Amounts included in Other that represent a combination (2) Concession consists of reduction in interest rate and revocation Year Ended December 31, 2022 2021 2020 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) Conventional residential mortgage loans 68 $ 7,165 $ 7,100 66 $ 7,687 $ 7,594 103 $ 9,027 $ 8,307 Construction loans - - - - - - - - - Commercial mortgage loans 3 5,897 5,890 7 11,285 11,223 5 824 824 C&I loans 17 5,156 4,928 6 10,031 9,908 14 22,544 22,524 Consumer loans: 168 3,404 3,454 134 2,601 2,598 163 2,635 2,623 33 592 591 42 692 697 29 408 408 26 366 394 46 497 504 30 306 305 170 815 816 246 1,426 1,426 159 783 783 115 434 443 65 266 266 145 613 545 600 $ 23,829 $ 23,616 612 $ 34,485 $ 34,216 648 $ 37,140 $ 36,319 Year Ended December 31, 2022 2021 2020 Number of contracts Amortized Cost Number of contracts Amortized Cost Number of contracts Amortized Cost (Dollars in thousands) Conventional residential mortgage loans 2 $ 124 - $ - 4 $ 465 Construction loans - - - - - - Commercial mortgage loans - - - - - - C&I loans - - - - 3 124 Consumer loans: 96 2,049 92 1,625 55 947 1 16 - - 1 5 - - 1 1 1 7 28 156 24 126 23 93 8 30 11 45 58 209 135 $ 2,375 128 $ 1,797 145 $ 1,850 |
ALLOWANCE FOR CREDIT LOSSES O_2
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES [Abstract] | |
Allowance For Credit Losses On Financing Receivables Table [Text Block] | The following tables present the activity in the ACL on loans and finance leases by portfolio Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Provision for credit losses - (benefit) expense (8,734) (2,342) (18,994) (1,770) 57,519 25,679 Charge-offs (6,890) (123) (85) (2,067) (48,165) (57,330) Recoveries 3,547 725 1,372 2,459 14,982 23,085 Ending balance $ 62,760 $ 2,308 $ 35,064 $ 32,906 $ 127,426 $ 260,464 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 Provision for credit losses - (benefit) expense (16,957) (1,408) (55,358) (8,549) 20,552 (61,720) Charge-offs (33,294) (87) (1,494) (1,887) (43,948) (80,710) Recoveries 4,777 163 281 6,776 13,576 25,573 Ending balance $ 74,837 $ 4,048 $ 52,771 $ 34,284 $ 103,090 $ 269,030 Residential Mortgage Loans Construction Loans Commercial Mortgage Commercial & Industrial Loans Consumer Loans Total Year Ended December (In thousands) ACL: Beginning balance, prior to 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 Allowance established for acquired PCD loans 12,739 - 9,723 1,830 4,452 28,744 Provision for credit losses - expense (1) 22,427 2,105 81,125 6,627 56,433 168,717 Charge-offs (11,017) (76) (3,330) (3,634) (46,483) (64,540) Recoveries 1,519 184 1,936 3,192 9,831 16,662 Ending balance $ 120,311 $ 5,380 $ 109,342 $ 37,944 $ 112,910 $ 385,887 (1) Includes a $ 37.5 13.5 charge related to non-PCD residential mortgage loans; 9.2 4.6 and (iv) a $ 10.2 The tables below December 31, 2022 and 2021: As of December 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,847,290 $ 132,953 $ 2,358,851 $ 2,886,263 $ 3,327,468 $ 11,552,825 62,760 2,308 35,064 32,906 127,426 260,464 2.20 % 1.74 % 1.49 % 1.14 % 3.83 % 2.25 % As of December 31, Residential Mortgage Loans Construction Loans Commercial Mortgage Loans Commercial and Industrial Loans (1) Consumer Loans Total (Dollars in thousands) Total loans held for investment: $ 2,978,895 $ 138,999 $ 2,167,469 $ 2,887,251 $ 2,888,044 $ 11,060,658 74,837 4,048 52,771 34,284 103,090 269,030 2.51 % 2.91 % 2.43 % 1.19 % 3.57 % 2.43 % (1) As of December 31, 2022 and 2021, includes $ 6.8 145.0 The ended December 31, 2022, 2021 and 2020: Year 2022 2021 2020 (In thousands) Beginning Balance $ 1,537 $ 5,105 $ - Impact of adopting CECL - - 3,922 Provision for credit losses - expense (benefit) 2,736 (3,568) 1,183 $ 4,273 $ 1,537 $ 5,105 |
PREMISES AND EQUIPMENT (Tables)
PREMISES AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
PREMISES AND EQUIPMENT [Abstract] | |
Premises and Equipment [Table Text Block] | Premises and equipment comprise: Useful Life Range In Years As of December 31, Minimum Maximum 2022 2021 (Dollars in thousands) Buildings and improvements 10 35 $ 135,802 $ 138,524 Leasehold improvements 1 10 76,390 79,419 Furniture, equipment and software 2 10 155,567 148,171 367,759 366,114 Accumulated depreciation and amortization (264,233) (251,659) 103,526 114,455 Land 24,485 23,873 Projects in progress 14,924 8,089 $ 142,935 $ 146,417 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER REAL ESTATE OWNED [Abstract] | |
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block] | The following table presents the OREO inventory as of the indicated dates: December 31, 2022 2021 (In thousands) OREO OREO balances, carrying value: Residential (1) $ 24,025 $ 29,533 Commercial 5,852 7,331 Construction 1,764 3,984 Total $ 31,641 $ 40,848 (1) Excludes $ 23.5 22.2 receivable as part of other assets in the consolidated statements |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
RELATED PARTY TRANSACTIONS [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | The course of business. The movement and balance of these loans were as follows: Amount (In thousands) Balance at December 31, (1) $ 504 New loans 286 Payments (108) Other changes 261 Balance at December 31, (1) 943 New loans 89 Payments (149) Balance at December 31, (1) $ 883 (1) Includes loans granted to related parties which were then |
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
GOODWILL AND OTHER INTANGIBLES [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 $ - $ 1,406 $ - $ 26,692 $ 28,098 Merger and acquisitions (1) 574 794 4,935 - 6,303 Measurement period adjustment (1) (2) 385 533 3,313 - 4,231 Goodwill, December 31, 2020 $ 959 $ 2,733 $ 8,248 $ 26,692 $ 38,632 Measurement period adjustment (1) (2) 53 74 (148) - (21) Goodwill, December 31, 2021 $ 1,012 $ 2,807 $ 8,100 $ 26,692 $ 38,611 (1) Recognized in connection with the BSPR acquisition on September (2) Relates to the fair value estimate update performed within one year |
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block] | As of As of December 31, December 31, 2022 2021 (Dollars in thousands) Core deposit intangible: Gross amount $ 87,544 $ 87,544 Accumulated amortization (66,644) (58,973) Net carrying amount $ 20,900 $ 28,571 Remaining amortization period (in years) 7.0 8.0 Purchased credit card relationship intangible: Gross amount $ 3,800 $ 3,800 Accumulated amortization (3,595) (2,602) Net carrying amount $ 205 $ 1,198 Remaining amortization period (in years) 0.7 1.7 Insurance customer relationship intangible: Gross amount $ 1,067 $ 1,067 Accumulated amortization (1,054) (902) Net carrying amount $ 13 $ 165 Remaining amortization period (in years) 0.1 1.1 |
Schedule of Expected Amortization Expense [Table Text Block] | (In thousands) 2023 $ 7,736 2024 6,416 2025 3,509 2026 872 2027 872 2028 and after 1,713 |
NON-CONSOLIDATED VARIABLE INT_2
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |
Changes in Servicing Assets [Table Text Block] | Year 2022 2021 2020 (In thousands) Balance at beginning of year $ 30,986 $ 33,071 $ 26,762 Purchases of servicing assets - - 7,781 Capitalization of servicing assets 3,122 5,194 4,864 Amortization (4,978) (7,215) (5,777) Temporary 66 124 (206) Other (2) (159) (188) (353) Balance at end of year $ 29,037 $ 30,986 $ 33,071 (1) Represents MSRs acquired in the BSPR acquisition. (2) Mainly represents adjustments related to the repurchase as part of the acquisition in the third quarter of 2020. |
Changes in Impairment Allowance [Table Text Block] | Year 2022 2021 2020 (In thousands) Balance at beginning of year $ 78 $ 202 $ 73 Temporary impairment - - 301 OTTI of servicing assets - - (77) Recoveries (66) (124) (95) $ 12 $ 78 $ 202 |
Components of Net Servicing Income [Table Text Block] | Year 2022 2021 2020 (In thousands) Servicing fees $ 11,096 $ 12,176 $ 9,268 Late charges and prepayment penalties 823 697 570 Adjustment for loans repurchased (159) (188) (353) Other - (1) - 11,760 12,684 9,485 Amortization and impairment of servicing assets (4,912) (7,091) (5,983) $ 6,848 $ 5,593 $ 3,502 |
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block] | Weighted Average Maximum Minimum Year Ended Constant prepayment rate: 6.7 % 18.3 % 4.8 % 7.4 % 18.4 % 3.4 % 6.0 % 21.9 % 3.6 % Discount rate: 11.7 % 12.0 % 11.5 % 9.7 % 10.0 % 9.5 % 12.5 % 14.5 % 11.5 % Year Ended Constant prepayment rate: 6.2 % 17.1 % 3.7 % 6.2 % 18.2 % 2.8 % 6.4 % 14.5 % 4.4 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.8 % 14.5 % 12.0 % Year Ended Constant prepayment rate: 6.1 % 16.0 % 3.9 % 6.3 % 19.0 % 3.0 % 6.3 % 18.0 % 4.3 % Discount rate: 12.0 % 12.0 % 12.0 % 10.0 % 10.0 % 10.0 % 12.3 % 14.5 % 12.0 % |
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block] | The weighted current fair value 10 % and 20 % adverse changes 2021 were as follows: December 31, December 31, 2022 2021 (In thousands) Carrying amount of servicing assets $ 29,037 $ 30,986 Fair value $ 44,710 $ 42,132 Weighted-average 7.80 7.96 Constant prepayment rate (weighted-average annual 6.40 % 6.55 % $ 1,048 $ 1,027 $ 2,054 $ 2,011 Discount rate (weighted-average annual rate) 10.69 % 11.17 % $ 1,925 $ 1,852 $ 3,704 $ 3,561 |
DEPOSITS AND RELATED INTEREST (
DEPOSITS AND RELATED INTEREST (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
DEPOSITS AND RELATED INTEREST [Abstract] | |
Summary of Deposit Balances [Table Text Block] | The following table summarizes deposit balances as of the indicated dates: December 31, 2022 2021 (In thousands) Type of account and interest rate: Non-interest-bearing deposit accounts $ 6,112,884 $ 7,027,513 Interest-bearing saving accounts 3,902,888 4,729,387 Interest-bearing checking accounts 3,770,993 3,492,645 Certificates of deposit ("CDs") 2,250,876 2,434,932 Brokered CDs 105,826 100,417 $ 16,143,467 $ 17,784,894 |
Schedule of contractual maturities of CDs | The following table presents the contractual maturities of CDs, including brokered Total (In thousands) Three months or less $ 640,532 Over three months to six months 288,407 Over six months to one year 593,915 Over one year to two years 517,970 Over two years to three years 178,158 Over three years to four years 38,952 Over four years to five years 92,103 Over five years 6,665 $ 2,356,702 |
Brokered Certificates Of Deposit Mature [Table Text Block] | Brokered CDs mature as follows: December 31, 2022 (In thousands) Three months or less $ 42,681 Over six months to one year 12,986 Over one year to three years 35,440 Over three years to five years 14,719 $ 105,826 |
Schedule of Interest Expenses on Deposits [Table Text Block] | A table showing interest expense on deposits for the indicated periods Year Ended 2022 2021 2020 (In thousands) Interest-bearing checking accounts $ 15,568 $ 5,776 $ 5,933 Savings 11,191 6,586 11,116 CDs 18,102 26,138 43,350 Brokered CDs 1,500 2,982 7,989 $ 46,361 $ 41,482 $ 68,388 |
SECURITIES SOLD UNDER AGREEME_2
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract] | |
Schedule Of Repurchase Agreements [Table Text Block] | Securities sold under agreements to repurchase (repurchase agreements) December 31, 2022 2021 (In thousands) Short-term Fixed-rate repurchase agreements (1) $ 75,133 $ - Long-term Fixed-rate repurchase agreements (2) - 300,000 $ 75,133 $ 300,000 (1) Weighted-average interest rate 4.55 % as of December 31, 2022. (2) Weighted-average interest rate 3.35 % as of December 31, 2021. During the first quarter of 2021, the 200 million changed from a variable rate (3-month LIBOR plus 130 132 3.90 % after the end of a pre-specified lockout period. December 31, (In thousands) Within one month $ 25,133 Over one month to three months 50,000 $ 75,133 Weighted-Average Counterparty Amount Maturity (In Months) (Dollars in thousands) JP Morgan Chase $ 75,133 1 |
Schedule of Securities Sold Under Repurchase Agreements [Table Text Block] | The following securities were sold under agreements to repurchase: As of December 31, Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ 60,081 $ 50,134 $ 54,093 0.62 % MBS 29,959 24,999 27,010 2.08 % $ 90,040 $ 75,133 $ 81,103 Accrued interest receivable $ 137 As of December 31, Underlying Securities Amortized Cost of Underlying Securities Balance of Borrowing Approximate Fair Value of Underlying Securities Weighted Average Interest Rate of Security (Dollars in thousands) U.S. government-sponsored agencies $ - $ - $ - - % MBS 319,225 300,000 321,180 1.33 % $ 319,225 $ 300,000 $ 321,180 Accrued interest receivable $ 599 |
ADVANCES FROM THE FEDERAL HOM_2
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | |
Summary of Advances from FHLB [Table Text Block] | The following is a summary of the advances from the FHLB as of the indicated dates: December 31, December 31, 2022 2021 (In thousands) Short-term Fixed -rate advances from FHLB (1) $ 475,000 $ - Long-term Fixed -rate advances from FHLB (2) 200,000 200,000 $ 675,000 $ 200,000 (1) Weighted-average interest rate of 4.56 % as of December 31, 2022. (2) Weighted-average interest rate of 4.25 % and 2.16 % as of December 31, 2022 and 2021, respectively. Advances from FHLB mature as follows as of the indicated date: December 31, 2022 (In thousands) Within one month $ 350,000 Over one to three months 125,000 Over three to five years 200,000 $ 675,000 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER BORROWINGS [Abstract] | |
Components of Other Borrowings [Table Text Block] | Junior subordinated debentures, as of the indicated dates, consisted of: December 31, December 31, (In thousands) 2022 2021 Floating rate junior subordinated debentures (FBP Statutory Trust (1) (3) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust (2)(3) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures 2.75 % over 3-month LIBOR 7.49 % as of December 31, 2022 and 2.97 % as of December 31, 2021). (2) Amount represents junior subordinated interest-bearing debentures 2.50 % over 3-month LIBOR 7.25 % as of December 31, 2022 and 2.71 % as of December 31, 2021). (3) See Note 10 - Non-Consolidated Variable |
EARNINGS PER COMMON SHARE (Tabl
EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
EARNINGS PER COMMON SHARE [Abstract] | |
Calculations of Earnings Per Common Share [Table Text Block] | The calculations of earnings per common share for the years ended December 31, Year 2022 2021 2020 (In thousands, except per share information) Net income $ 305,072 $ 281,025 $ 102,273 Less: Preferred stock dividends - (2,453) (2,676) Less: Excess of redemption value over carrying value of Series A through E - (1,234) - Net income attributable to common stockholders $ 305,072 $ 277,338 $ 99,597 Weighted-Average 190,805 210,122 216,904 1,163 1,178 764 191,968 211,300 217,668 Earnings per common share: Basic $ 1.60 $ 1.32 $ 0.46 Diluted $ 1.59 $ 1.31 $ 0.46 |
STOCK-BASED COMPENSATION (Table
STOCK-BASED COMPENSATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
STOCK-BASED COMPENSATION [Abstract] | |
Restricted Stock Activity Under Omnibus Plan [Table Text Block] | The following table summarizes the restricted stock activity under the Omnibus and 2021: 2022 2021 Number of Weighted- Number of Weighted- shares of Average shares of Average restricted Grant Date restricted Grant Date stock stock Unvested shares outstanding at beginning of year 1,148,775 $ 6.61 1,320,723 $ 5.74 Granted (1) 327,195 13.21 324,360 11.47 Forfeited (15,108) 8.79 (82,486) 6.42 Vested (522,371) 6.13 (413,822) 7.69 Unvested shares outstanding at end of year 938,491 $ 9.14 1,148,775 $ 6.61 (1) For the year ended December 31, 2022, includes 27,529 299,666 which 6,084 29,291 restricted stock awarded to independent directors and 295,069 19,804 and thus charged to earnings as of the grant date. The following table and 2021: Year Year (Number of units) December 31, December 31, Performance units at beginning of year 814,899 1,006,768 Additions 166,669 160,485 Vested (1) (189,645) (304,408) Forfeited - (47,946) Performance units as of December 31, 2022 791,923 814,899 (1) Units vested during 2022 are related to performance units granted Units vested during 2021 are related to performance units granted in |
STOCKHOLDERS' EQUITY (Tables)
STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
STOCKHOLDERS' EQUITY [Abstract] | |
Changes In Share Of Common Stock [Table Text Block] | The following table shows the change in shares of common stock outstanding for Total 2022 2021 2020 Common stock outstanding, beginning balance 201,826,505 218,235,064 217,359,337 Common stock repurchased (1) (19,619,178) (16,954,841) (51,814) Common stock reissued/issued under stock-based compensation 516,840 628,768 930,627 Restricted stock forfeited (15,108) (82,486) (3,086) Common stock outstanding, ending balances 182,709,059 201,826,505 218,235,064 For 2022, 2021 and 2020 includes 205,807 , 214,374 51,814 |
Changes In Treasury Stock [Table Text Block] | The following table shows the change in shares of treasury stock for the years ended December Total 2022 2021 2020 Treasury stock, beginning balance 21,836,611 4,799,284 4,744,384 Common stock repurchased (1) 19,619,178 16,954,841 51,814 Common stock reissued under stock-based compensation plan (516,840) - - Restricted stock forfeited 15,108 82,486 3,086 Treasury stock, ending balances 40,954,057 21,836,611 4,799,284 (1) For 2022, 2021 and 2020 includes 205,807 , 214,374 51,814 |
OTHER COMPREHENSIVE (LOSS) IN_2
OTHER COMPREHENSIVE (LOSS) INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement of Other Comprehensive Loss [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Changes in Accumulated Other Comprehensive (1) Year ended December 31, 2022 2021 2020 (In thousands) Unrealized net holding (losses) gains on available-for-sale Beginning balance $ (87,390) $ 55,725 $ 6,764 (718,582) (143,115) 48,961 Ending balance $ (805,972) $ (87,390) $ 55,725 Adjustment of pension and postretirement Beginning balance $ 3,391 $ (270) $ - (2,197) 3,661 (270) Ending balance $ 1,194 $ 3,391 $ (270) ____________________ (1) All amounts presented are net of tax. |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Consolidated Statements of Income Year ended December 31, 2022 2021 2020 (In thousands) Unrealized net holding (losses) gains on Realized gain on sales Net gain on investment securities $ - $ - $ (13,198) Adjustment of pension and postretirement Amortization of net loss Other expenses 3 1 - Total before tax $ 3 $ 1 $ (13,198) Income tax expense (1) - - Total, net of tax $ 2 $ 1 $ (13,198) |
EMPLOYEE BENEFIT PLANS (Tables)
EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
EMPLOYEE BENEFIT PLANS [Abstract] | |
Schedule Of Changes In Projected Benefit Obligation And Changes In Plan Assets [Table Text Block] | December 31, 2022 December 31, 2021 (In thousands) Changes in projected benefit obligation: Projected benefit obligation at the beginning of period, defined benefit plans $ 97,867 $ 108,253 Interest cost 2,614 2,473 Actuarial gain (1) (21,265) (6,699) Benefits paid (5,708) (6,160) Projected benefit obligation at the end of period, pension plans $ 73,508 $ 97,867 Projected benefit obligation, other postretirement benefit plan 182 195 Projected benefit obligation at the end of period $ 73,690 $ 98,062 Changes in plan assets: Fair value of plan assets at the beginning of period $ 103,487 $ 105,963 Actual return on plan assets - (loss) gain (20,590) 3,684 Benefits paid (5,708) (6,160) Fair value of pension plan assets at the end of period (2) $ 77,189 $ 103,487 Net asset, pension plans 3,681 5,620 Net benefit obligation, other postretirement benefit plan (182) (195) Net asset $ 3,499 $ 5,425 (1) Significant components of the Pension Plans’ actuarial gain that (2) Other postretirement plan did not contain any assets as of |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | December December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Net actuarial (loss) gain, pension plans $ (3,483) $ 5,861 $ (404) Net actuarial loss, other postretirement benefit plan (35) (2) (28) Amortization of net loss 3 1 - Net amount recognized $ (3,515) $ 5,860 $ (432) |
Schedule of Net Benefit Costs [Table Text Block] | Affected Line Item Period from in the Consolidated September 1, 2020 to Statements of Income December 31, 2022 December 31, 2021 December 31, 2020 (In thousands) Net periodic benefit, pension plans: Interest cost Other expenses $ 2,614 $ 2,473 $ 900 Expected return on plan assets Other expenses (4,158) (4,523) (2,062) Net periodic benefit, pension plans (1,544) (2,050) (1,162) Net periodic cost, postretirement plan Other expenses 8 6 2 Net periodic benefit $ (1,536) $ (2,044) $ (1,160) Period from September 1, 2020 to December 31, 2022 December 31, 2021 December 31, 2020 Discount rate 2.77% 2.36% 2.53% Expected return on plan assets 4.43% 5.99% 5.98% |
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | The following table presents the changes in pre-tax accumulated other comprehensive Postretirement Benefit Plan as of December 31, 2022, 2021, and 2020: December 31, 2022 December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Accumulated other comprehensive income (loss) at beginning of period, $ 5,457 $ (404) $ - Net (loss) gain (3,483) 5,861 (404) Accumulated other comprehensive income (loss) at end of period, pension 1,974 5,457 (404) Accumulated other comprehensive loss at end of period, (61) (29) (28) Accumulated other comprehensive income (loss) at end of period $ 1,913 $ 5,428 $ (432) |
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block] | The following excess of plan assets for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 (In thousands) Projected benefit obligation $ 48,501 $ 195 Accumulated benefit obligation 48,501 195 Fair value of plan assets $ 46,398 $ - |
Schedule of Allocation of Plan Assets [Table Text Block] | The Pension Plans asset allocations as of December 31, 2022 and 2021 by asset category December 31, 2022 December 31, 2021 Asset category Investment in funds 97% 98% Other 3% 2% 100% 100% |
Schedule of Expected Benefit Payments [Table Text Block] | Amount (Dollars in thousands) 2023 $ 6,436 2024 6,292 2025 5,985 2026 5,999 2027 5,860 2028 through 2031 27,411 $ 57,983 |
OTHER NON- INTEREST INCOME (Tab
OTHER NON- INTEREST INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON- INTEREST INCOME [Abstract] | |
Schedule of other non interest income [Table Text Block] | A detail of other non-interest income is as follows for the indicated periods: Year 2022 2021 2020 (In thousands) Non-deferrable loan fees $ 3,167 $ 2,990 $ 3,750 Mail and cable transmission commissions 3,100 3,116 2,540 Gain from insurance proceeds - 550 5,000 Net (loss) gain on equity securities (522) (102) 38 Gain from sales of fixed assets 924 32 215 Other 9,181 5,843 4,682 $ 15,850 $ 12,429 $ 16,225 |
OTHER NON- INTEREST EXPENSES (T
OTHER NON- INTEREST EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON- INTEREST EXPENSES [Abstract] | |
Schedule of other non interest expenses [Table Text Block] | A detail of other non-interest expenses is as follows for the indicated periods: Year 2022 2021 2020 (In thousands) Supplies and printing $ 1,505 $ 1,830 $ 2,391 Amortization of intangible assets 8,816 11,407 5,912 Servicing and processing fees 5,343 5,121 4,696 Insurance and supervisory fees 9,354 9,098 6,324 Provision for operational losses 2,518 5,069 3,390 Other 3,126 2,898 3,105 $ 30,662 $ 35,423 $ 25,818 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
INCOME TAXES [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of income tax expense are summarized below for Year 2022 2021 2020 (In thousands) Current income tax expense $ 88,296 $ 28,469 $ 18,421 Deferred income tax expense: - - (8,000) 54,216 118,323 3,629 Total income $ 142,512 $ 146,792 $ 14,050 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The differences between the income tax expense applicable to income computed by applying the statutory tax rate in Puerto Rico were as follows for Year Ended December 2022 2021 2020 Amount % of Pretax Income Amount % of Pretax Income Amount % of Pretax Income (Dollars in thousands) Computed income tax at statutory rate $ 167,844 37.5 % $ 160,431 37.5 % $ 43,621 37.5 % Federal and state taxes 10,268 2.2 % 7,014 1.6 % 4,944 4.2 % Benefit of net exempt income (31,266) (7.0) % (20,717) (4.8) % (26,780) (23.0) % Disallowed NOL carryforward resulting from net exempt 14,221 3.2 % 8,791 2.0 % 9,054 7.8 % Deferred tax valuation allowance (8,410) (1.9) % (13,572) (3.2) % (12,095) (10.4) % Share-based compensation windfall (1,492) (0.3) % (1,044) (0.2) % 157 0.1 % Other permanent differences (7,647) (1.7) % (1,185) (0.3) % (387) (0.3) % Tax return to provision adjustments (519) (0.1) % (406) (0.1) % 597 0.5 % Other-net (487) (0.1) % 7,480 1.7 % (5,061) (4.3) % $ 142,512 31.8 % $ 146,792 34.2 % $ 14,050 12.1 % |
Schedule of significant components Deferred Tax Assets and Liabilities [Table Text Block] | Deferred income taxes reflect the net tax effects of temporary differences financial reporting purposes and their tax bases. Significant components December 31, 2022 and 2021 were as follows: December 31, 2022 2021 (In thousands) Deferred tax asset: $ 72,485 $ 137,860 104,014 105,917 40,823 37,361 6,462 7,703 7,031 7,031 6,345 4,576 781 881 5,665 8,926 100,776 14,181 7,722 4,420 $ 352,104 $ 328,856 Deferred tax liabilities: 9,786 10,510 719 2,035 509 506 11,014 13,051 Valuation (185,506) (107,323) $ 155,584 $ 208,482 |
OPERATING LEASES (Tables)
OPERATING LEASES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OPERATING LEASES [Abstract] | |
Suplemental Information Related To Lessee Right Of Use Assets And Liabilities [Table Text Block] | As of As of December 31, December 31, 2022 2021 (Dollars in thousands) ROU asset $ 78,855 $ 90,319 Operating lease liability $ 81,954 $ 93,772 Operating lease weighted-average remaining lease term (in years) 7.5 8.0 Operating lease weighted-average discount rate 2.37% 2.24% Supplemental cash flow information related to leases was as follows: Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 (In thousands) Operating cash flow from operating leases (1) $ 18,202 $ 19,328 $ 13,464 ROU assets obtained in exchange for operating lease liabilities $ 5,744 $ 5,833 $ 1,328 (1) Represents cash paid for amounts included in the measurement of operating (2) Represents non-cash activity and, accordingly, 52.1 related liabilities assumed in the BSPR acquisition. (3) For the year ended December 31, 2022 and 2021 excludes $ 3.0 1.3 no terminations. |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Maturities under operating lease liabilities as of December 31, 2022, Amount (In thousands) 2023 $ 16,763 2024 16,008 2025 15,096 2026 14,025 2027 5,929 2028 and after 23,025 Total lease payments 90,846 Less: imputed interest (8,892) Total present value $ 81,954 |
DERIVATIVE INSTRUMENTS AND HE_2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] | |
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 notional statements of financial condition as of the indicated dates: Asset Derivatives Liability Derivatives Notional Amounts (1) Statements of Financial Condition Location Fair Value Statements of Financial Condition Location Fair Value December 31, December 31, December 31, 2022 2021 2022 2021 2022 2021 (In thousands) Undesignated economic hedges: Interest rate contracts: $ 9,290 $ 12,588 Other assets $ 313 $ 1,098 Accounts payable and other liabilities $ 278 $ 1,092 14,500 14,500 Other assets - - Accounts payable and other liabilities 197 8 14,500 14,500 Other assets 199 8 Accounts payable and other liabilities - - 3,225 12,097 Other assets 63 379 Accounts payable and other liabilities - - Forward Contracts: 11,000 27,000 Other assets 58 - Accounts payable and other liabilities 1 78 - 12,668 Other assets - 20 Accounts payable and other liabilities - - $ 52,515 $ 93,353 $ 633 $ 1,505 $ 476 $ 1,178 (1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions. |
Effect of Derivative Instruments on Statement of Income (Loss) [Table Text Block] | The following table summarizes the effect of derivative instruments on periods: Gain (or Loss) Location of Gain (Loss) Year ended on Derivative Recognized in December 31, Statements of Income 2022 2021 2020 (In thousands) Undesignated economic hedges: Interest income - loans $ 28 $ 24 $ 27 Interest income - loans 2 - - Mortgage banking activities (322) (687) 576 Mortgage banking activities 135 114 (54) Mortgage banking activities (20) - (37) $ (177) $ (549) $ 512 |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
FAIR VALUE [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block] | Assets and liabilities measured at fair value on a recurring basis are summarized below as of As of December 31, As of December 31, 2021 Fair Value Measurements Using Fair Value Measurements Using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets: Debt securities available for sale: U.S. Treasury securities $ 138,875 $ - $ - $ 138,875 $ 148,486 $ - $ - $ 148,486 Noncallable U.S. agencies debt securities - 389,787 - 389,787 - 285,028 - 285,028 Callable U.S. agencies debt securities - 1,963,566 - 1,963,566 - 1,971,954 - 1,971,954 MBS - 3,098,797 5,794 (1) 3,104,591 - 4,037,209 7,234 (1) 4,044,443 Puerto Rico government obligations - - 2,201 2,201 - - 2,850 2,850 Other investments - - 500 500 - - 1,000 1,000 Equity securities 4,861 - - 4,861 5,378 - - 5,378 Derivative assets - 633 - 633 - 1,505 - 1,505 Liabilities: Derivative liabilities - 476 - 476 - 1,178 - 1,178 (1) Related to private label MBS. |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | The tables below present quantitative information for significant assets measured at unobservable inputs (Level 3) as of December 31, 2022 and 2021: December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 5,794 Discounted cash flows Discount rate 16.2% 16.2% 16.2% Prepayment rate 1.5% 15.2% 11.8% Projected cumulative loss rate 0.3% 15.6% 5.6% $ 2,201 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 19.3% 19.3% 19.3% December 31, Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum Maximum (Dollars in thousands) Available-for-sale $ 7,234 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Prepayment rate 7.6% 24.9% 15.2% Projected cumulative loss rate 0.2% 15.7% 7.6% $ 2,850 Discounted cash flows Discount rate 6.6% 8.4% 7.9% Projected cumulative loss rate 8.6% 8.6% 8.6% |
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block] | As of December 31, 2022, the Corporation recorded losses or valuation adjustments recurring basis and still held at December 31, 2022, as shown in the following Carrying value as of December 31, Related to losses recorded for the Year Ended December 31, 2022 2021 2020 2022 2021 2020 (In thousands) Level 3: Loans receivable $ 11,437 $ 31,534 $ 74,197 $ (736) $ (5,466) $ (13,737) OREO (2) 5,461 9,126 50,248 (917) (48) (1,837) Premises and equipment (3) 1,242 - - (218) - - Level 2: Loans held for sale $ 12,306 $ - $ - $ (106) $ - $ - (1) Consists mainly the fair values assumptions of the collateral (e.g., absorption rates), which are (2) The Corporation characteristics and assumptions market valuation adjustments after the transfer of the loans to the (3) Relates to a banking facility reclassified to held-for-sale and |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Qualitative information regarding the fair value measurements for Level 3 follows: December 31, 2022 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 Premises and equipment Market External appraised value |
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block] | The following tables present the carrying value, estimated fair value and estimated instruments as of December 31, 2022 and 2021: Total Carrying Amount in Statement of Financial Condition as of December 31, 2022 Fair Value Estimate as of December 31, 2022 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market $ 480,505 $ 480,505 $ 480,505 $ - $ - Available-for-sale debt securities (fair value) 5,599,520 5,599,520 138,875 5,452,150 8,495 Held-to-maturity debt securities (amortized 437,537 Less: ACL on held-to-maturity debt securities (8,286) Held-to-maturity debt securities, net of $ 429,251 427,115 - 260,106 167,009 Equity securities (amortized cost) 50,428 50,428 - 50,428 (1) - Other equity securities (fair value) 4,861 4,861 4,861 - - Loans held for sale (lower of cost or market) 12,306 12,306 - 12,306 - Loans held for investment (amortized cost) 11,552,825 Less: ACL for loans and finance leases (260,464) Loans held for investment, net of ACL $ 11,292,361 11,106,809 - - 11,106,809 MSRs (amortized cost) 29,037 44,710 - - 44,710 Derivative assets (fair value) (2) 633 633 - 633 - Liabilities: Deposits $ 16,143,467 $ 16,139,937 $ - $ 16,139,937 $ - Securities sold under agreements to repurchase 75,133 75,230 - 75,230 - Advances from FHLB (amortized cost) 675,000 674,596 - 674,596 - Other borrowings (amortized cost) 183,762 187,246 - - 187,246 Derivative liabilities (fair value) (2) 476 476 - 476 - (1) Includes FHLB stock with a carrying value of $ 42.9 (2) Includes interest rate swap agreements, interest rate caps, Total Carrying Amount in Statement of Financial Condition as of December 31, 2021 Fair Value Estimate as of December 31, 2021 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market $ 2,543,058 $ 2,543,058 $ 2,543,058 $ - $ - Available-for-sale debt securities (fair value) 6,453,761 6,453,761 148,486 6,294,191 11,084 Held-to-maturity debt securities (amortized 178,133 Less: ACL on held-to-maturity debt securities (8,571) Held-to-maturity debt securities, net of $ 169,562 167,147 - - 167,147 Equity securities (amortized cost) 26,791 26,791 - 26,791 (1) - Other equity securities (fair value) 5,378 5,378 5,378 - - Loans held for sale (lower of cost or market) 35,155 36,147 - 36,147 - Loans held for investment (amortized cost) 11,060,658 Less: ACL for loans and finance leases (269,030) Loans held for investment, net of ACL $ 10,791,628 10,900,400 - - 10,900,400 MSRs (amortized cost) 30,986 42,132 - - 42,132 Derivative assets (fair value) (2) 1,505 1,505 - 1,505 - Liabilities: Deposits (amortized cost) $ 17,784,894 $ 17,800,706 $ - $ 17,800,706 $ - Securities sold under agreements to repurchase 300,000 322,105 - 322,105 - Advances from FHLB (amortized cost) 200,000 202,044 - 202,044 - Other borrowings (amortized cost) 183,762 177,689 - - 177,689 Derivative liabilities (fair value) (2) 1,178 1,178 - 1,178 - '(1) Includes FHLB stock with a carrying value of $ 21.5 (2) Includes interest rate swap agreements, interest rate caps, |
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The table basis using significant unobservable inputs (Level 3) for the years ended 2022 2021 2020 Level 3 Instruments Only Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 11,084 $ 11,977 $ 14,590 (401) 1,281 2,403 (2) 434 136 (1,641) - - 150 - 1,000 - (2,622) (3,310) (3,525) Ending balance $ 8,495 $ 11,084 $ 11,977 ___________________ (1) (2) |
REVENUE FROM CONTRACTS WITH C_2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract] | |
Disaggregation of Revenue [Table Text Block] | Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 98,920 $ 442,624 $ 109,822 $ 39,600 $ 80,485 $ 23,842 $ 795,293 Service charges and fees on deposit accounts - 21,906 12,412 - 607 2,898 37,823 Insurance commissions - 12,733 - - 15 995 13,743 Merchant-related income - 6,622 1,483 - 74 1,335 9,514 Credit and debit card fees - 29,061 85 - (7) 1,763 30,902 Other service charges and fees 341 4,558 3,397 - 2,113 684 11,093 Not in scope of ASC Topic 15,609 3,577 812 (74) 58 35 20,017 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Total Revenue $ 114,870 $ 521,081 $ 128,011 $ 39,526 $ 83,345 $ 31,552 $ 918,385 Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income $ 104,638 $ 281,703 $ 191,917 $ 59,331 $ 65,967 $ 26,373 $ 729,929 Service charges and fees on deposit accounts - 20,083 11,807 - 555 2,839 35,284 Insurance commissions - 11,166 - - 114 665 11,945 Merchant-related income - 6,279 1,079 - 51 1,055 8,464 Credit and debit card fees - 26,360 83 - 19 1,602 28,064 Other service charges and fees 771 4,185 2,640 - 1,825 556 9,977 Not in scope of ASC Topic 23,507 1,701 423 227 1,399 173 27,430 24,278 69,774 16,032 227 3,963 6,890 121,164 Total Revenue $ 128,916 $ 351,477 $ 207,949 $ 59,558 $ 69,930 $ 33,263 $ 851,093 Year ended December Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) Net interest income (1) $ 76,025 $ 220,678 $ 135,591 $ 87,879 $ 54,025 $ 26,124 $ 600,322 Service charges and fees on deposit accounts - 13,286 8,026 - 553 2,747 24,612 Insurance commissions - 8,754 - - 52 558 9,364 Merchant-related income - 4,516 478 - 41 809 5,844 Credit and debit card fees - 18,218 62 - 16 1,469 19,765 Other service charges and fees 342 2,900 2,260 184 1,800 1,508 8,994 Not in scope of ASC Topic 21,727 3,288 1,780 13,524 2,168 160 42,647 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Total Revenue $ 98,094 $ 271,640 $ 148,197 $ 101,587 $ 58,655 $ 33,375 $ 711,548 (1) Most of liabilities, as well as other non-interest income from loans, (2) For the 5.0 claim consolidated statements of income. |
Activity of Contract Liabilities [Table Text Block] | 2022 2021 2020 (In thousands) Beginning Balance $ 1,443 $ 2,151 $ 2,476 Less: (602) (708) (325) Ending balance $ 841 $ 1,443 $ 2,151 |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract] | |
Supplemental Cash Flow Information [Table Text Block] | Supplemental statement of cash flows information is as follows for the indicated Year Ended 2022 2021 2020 (In thousands) Cash paid for: $ 65,986 $ 68,668 $ 94,872 51,798 15,477 16,713 18,202 19,328 13,464 Non-cash investing and financing activities: 15,350 19,348 7,249 45,607 33,408 36,203 3,122 5,194 4,864 141,909 191,434 221,491 4,632 33,010 10,817 - - 24,033 2,733 4,553 1,328 Acquisition (1) : $ - $ 584 $ 1,280,424 - 605 5,561,564 - - 4,291,674 (1) Recognized in connection with the BSPR acquisition on September |
REGULATORY MATTERS, CASH REST_2
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES [Abstract] | |
Corporations and its banking subsidiarys regulatory capital positions [Table Text Block] | Regulatory Requirements Actual For Capital Adequacy Purposes To be Well Thresholds Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2022 Total Capital (to Risk-Weighted $ 2,385,866 19.21 % $ 993,405 8.0 % N/A N/A % $ 2,346,093 18.90 % $ 993,264 8.0 % $ 1,241,580 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,052,333 16.53 % $ 558,790 4.5 % N/A N/A % $ 2,090,832 16.84 % $ 558,711 4.5 % $ 807,027 6.5 % Tier I Capital (to Risk-Weighted $ 2,052,333 16.53 % $ 745,054 6.0 % N/A N/A % $ 2,190,832 17.65 % $ 744,948 6.0 % $ 993,264 8.0 % Leverage ratio $ 2,052,333 10.70 % $ 767,075 4.0 % N/A N/A % $ 2,190,832 11.43 % $ 766,714 4.0 % $ 958,392 5.0 % As of December 31, 2021 Total Capital (to Risk-Weighted $ 2,433,953 20.50 % $ 949,637 8.0 % N/A N/A % $ 2,401,390 20.23 % $ 949,556 8.0 % $ 1,186,944 10.0 % CET1 Capital (to Risk-Weighted Assets) $ 2,112,630 17.80 % $ 534,171 4.5 % N/A N/A % $ 2,150,317 18.12 % $ 534,125 4.5 % $ 771,514 6.5 % Tier I Capital (to Risk-Weighted $ 2,112,630 17.80 % $ 712,228 6.0 % N/A N/A % $ 2,258,317 19.03 % $ 712,167 6.0 % $ 949,556 8.0 % Leverage ratio $ 2,112,630 10.14 % $ 833,091 4.0 % N/A N/A % $ 2,258,317 10.85 % $ 832,773 4.0 % $ 1,040,967 5.0 % |
Schedule of detail of commitments to extend credit, standby letters of credit and commitments to sell loans [Table Text Block] | The following table summarizes commitments to extend credit and standby letters of December 31, 2022 2021 (In thousands) Financial instruments whose contract amounts represent credit risk: $ 170,639 $ 197,917 978,219 1,180,824 761,634 725,259 68,647 151,140 9,160 4,342 |
SEGMENT INFORMATION (Tables)
SEGMENT INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SEGMENT INFORMATION [Abstract] | |
Schedule Of Segment Reporting Information By Segment [Text Block] | The following tables present information about the reportable segments for the indicated periods: Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2022: Interest income $ 130,185 $ 302,631 $ 205,888 $ 104,215 $ 94,782 $ 24,913 $ 862,614 Net (charge) credit for transfer of funds (31,265) 173,917 (96,066) (43,838) (2,748) - - Interest expense - (33,924) - (20,777) (11,549) (1,071) (67,321) Net interest income 98,920 442,624 109,822 39,600 80,485 23,842 795,293 Provision for credit losses - (benefit) expense (7,643) 57,123 (20,241) (434) (3,073) 1,964 27,696 Non-interest income (loss) 15,950 78,457 18,189 (74) 2,860 7,710 123,092 Direct non-interest expenses 23,049 162,663 37,131 3,702 33,365 27,911 287,821 $ 99,464 $ 301,295 $ 111,121 $ 36,258 $ 53,053 $ 1,677 $ 602,868 Average earnings assets $ 2,233,245 $ 2,918,800 $ 3,626,107 $ 7,300,208 $ 2,069,030 $ 369,504 $ 18,516,894 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2021: Interest income $ 144,203 $ 271,127 $ 201,684 $ 67,841 $ 82,194 $ 27,659 $ 794,708 Net (charge) credit for transfer of funds (39,565) 38,859 (9,767) 14,687 (4,214) - - Interest expense - (28,283) - (23,197) (12,013) (1,286) (64,779) Net interest income 104,638 281,703 191,917 59,331 65,967 26,373 729,929 Provision for credit losses - (benefit) expense (16,030) 20,322 (67,544) (136) (975) (1,335) (65,698) Non-interest income 24,278 69,774 16,032 227 3,963 6,890 121,164 Direct non-interest expenses 29,125 165,357 36,219 4,093 33,902 28,084 296,780 $ 115,821 $ 165,798 $ 239,274 $ 55,601 $ 37,003 $ 6,514 $ 620,011 Average earnings assets $ 2,506,365 $ 2,551,278 $ 3,793,945 $ 7,827,326 $ 2,126,528 $ 430,499 $ 19,235,941 Mortgage Banking Consumer (Retail) Banking Commercial and Corporate Banking Treasury and Investments United States Operations Virgin Islands Operations Total (In thousands) For the year ended December 31, 2020: Interest income $ 128,043 $ 240,725 $ 155,254 $ 55,003 $ 84,169 $ 29,788 $ 692,982 Net (charge) credit for transfer of funds (52,018) 18,771 (19,663) 59,074 (6,164) - - Interest expense - (38,818) - (26,198) (23,980) (3,664) (92,660) Net interest income 76,025 220,678 135,591 87,879 54,025 26,124 600,322 Provision for credit losses - expense 22,518 54,094 74,607 2,774 12,592 4,400 170,985 Non-interest income 22,069 50,962 12,606 13,708 4,630 7,251 111,226 Direct non-interest expenses 33,054 131,133 28,631 3,449 33,782 28,815 258,864 $ 42,522 $ 86,413 $ 44,959 $ 95,364 $ 12,281 $ 160 $ 281,699 Average earnings assets $ 2,241,753 $ 2,202,595 $ 3,039,786 $ 4,232,144 $ 2,026,619 $ 458,608 $ 14,201,505 |
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: Year Ended 2022 2021 2020 (In thousands) Net income: Total income for segments $ 602,868 $ 620,011 $ 281,699 Other operating expenses 155,284 192,194 165,376 Income before income taxes 447,584 427,817 116,323 Income tax expense 142,512 146,792 14,050 $ 305,072 $ 281,025 $ 102,273 Average assets: Total average earning assets for segments $ 18,516,894 $ 19,235,941 $ 14,201,505 Average non-earning assets 861,755 1,067,092 1,031,141 $ 19,378,649 $ 20,303,033 $ 15,232,646 (1) Expenses pertaining to corporate administrative functions that support reported financial results of the operating segments. The expenses. |
Schedule of revenues and selected balance sheet data by geography [Table Text Block] | The following table presents revenues (interest income plus non-interest income) and selected balance sheet data by geography based on the location in which the transaction was originated as of indicated dates: 2022 2021 2020 (In thousands) Revenues: $ 855,441 $ 795,166 $ 678,370 97,642 86,157 88,799 32,623 34,549 37,039 $ 985,706 $ 915,872 $ 804,208 Selected Balance Sheet Information: Total assets: $ 16,020,987 $ 18,175,910 $ 16,091,112 2,213,333 2,189,440 2,117,966 400,164 419,925 583,993 Loans: $ 9,097,013 $ 8,755,434 $ 9,367,032 2,088,351 1,948,716 1,993,797 379,767 391,663 466,749 Deposits: (1) $ 12,933,570 $ 14,113,874 $ 12,338,934 (2) 1,623,725 1,928,749 1,622,481 1,586,172 1,742,271 1,355,968 (1) For 2022, 2021, and 2020, includes $ 1.4 34.2 109.0 (2) For 2022, 2021, and 2020 includes $ 104.4 66.2 107.1 |
FIRST BANCORP. (Holding Compa_2
FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Statements of Financial Condition [Table Text Block] | Statements of Financial Condition As of December 31, 2022 2021 (In thousands) Assets Cash and due from banks $ 19,279 $ 20,751 Other investment securities 735 285 Investment in First Bank Puerto Rico, at equity 1,464,026 2,247,289 Investment in First Bank Insurance Agency, 28,770 19,521 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividends receivable 624 295 Other assets 430 71 $ 1,519,376 $ 2,293,724 Liabilities and Stockholders' Equity Liabilities: Other borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 10,074 8,195 193,836 191,957 Stockholders' equity 1,325,540 2,101,767 $ 1,519,376 $ 2,293,724 |
Statements of Income [Table Text Block] | Statements of Income Year 2022 2021 2020 (In thousands) Income $ 79 $ 51 $ 71 368,670 98,060 52,707 - 30,000 - 248 154 439 368,997 128,265 53,217 Expense 8,253 5,135 6,355 1,730 1,929 2,097 9,983 7,064 8,452 Gain on early extinguishment of debt - - 94 Income before income taxes and equity 359,014 121,201 44,859 Income tax expense 3,448 2,854 2,429 Equity in undistributed earnings of subsidiaries (distribution in excess of (50,494) 162,678 59,843 Net income $ 305,072 $ 281,025 $ 102,273 Other comprehensive (loss) income, net of tax (720,779) (139,454) 48,691 Comprehensive (loss) income $ (415,707) $ 141,571 $ 150,964 |
Statements of Cash Flow of holding company [Table Text Block] | Statements of Cash Flows Year Ended December 31, 2022 2021 2020 (In thousands) Cash flows from operating activities: Net income $ 305,072 $ 281,025 $ 102,273 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation 148 149 231 Equity in undistributed earnings of subsidiaries 50,494 (162,678) (59,843) Gain on early extinguishment of debt - - (94) Net decrease (increase) in other assets (688) 1,657 (1,514) Net increase (decrease) in other liabilities 1,545 3,578 (459) Net cash provided by operating activities 356,571 123,731 40,594 Cash flows from investing activities: Purchase of equity securities (450) - - Return of capital from wholly-owned subsidiaries (1) 8,000 200,000 - Net cash provided by investing activities 7,550 200,000 - Cash flows from financing activities: Repurchase of common stock (277,769) (216,522) (206) Repayment of junior subordinated debentures - - (282) Dividends paid on common stock (87,824) (65,021) (43,416) Dividends paid on preferred stock - (2,453) (2,676) Redemption of preferred stock - Series A through E - (36,104) - (365,593) (320,100) (46,580) Net (decrease) increase in cash and cash equivalents (1,472) 3,631 (5,986) Cash and cash equivalents at beginning of the year 20,751 17,120 23,106 Cash and cash equivalents at end of year $ 19,279 $ 20,751 $ 17,120 Cash and cash equivalents include: Cash and due from banks $ 19,279 $ 20,751 $ 10,909 Money market instruments - - 6,211 $ 19,279 $ 20,751 $ 17,120 (1) During 2022, FirstBank of Puerto Rico, a wholly-owned subsidiary of First BanCorp., redeemed 0.3 approximately $ 8.0 8 preferred stock for a total price of approximately $ 200 |
NATURE OF BUSINESS AND SUMMAR_3
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Nature of business (Detail) | Dec. 31, 2022 offices numberofbranches |
FirstBank [Member] | PUERTO RICO | |
Nature Of Business [Line Items] | |
Banking branches | 59 |
FirstBank [Member] | U S [Member] | |
Nature Of Business [Line Items] | |
Banking branches | 9 |
FirstBank [Member] | USVI and BVI [Member] | |
Nature Of Business [Line Items] | |
Banking branches | 8 |
First Federal Finance Corp [Member] | PUERTO RICO | |
Nature Of Business [Line Items] | |
Offices | offices | 27 |
NATURE OF BUSINESS AND SUMMAR_4
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Schedule Of Investments [Line Items] | ||||
Debt Securities, Held-to-maturity | $ 437,537 | $ 178,133 | ||
Interest Receivable | 69,730 | 61,507 | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 8,286 | 8,571 | ||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 458 | 1,105 | ||
Investment securities available for sale | 5,599,520 | 6,453,761 | ||
US States and Political Subdivisions Debt Securities [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 400 | 300 | ||
Available-for-sale Securities [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 458 | 1,105 | $ 1,310 | $ 0 |
Available-for-sale Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | ||||
Schedule Of Investments [Line Items] | ||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | 375 | 308 | 308 | 0 |
Municipal Bonds [Member] | PUERTO RICO | ||||
Schedule Of Investments [Line Items] | ||||
Debt Securities, Held-to-maturity | 165,710 | |||
Debt Securities, Held-to-maturity, Allowance for Credit Loss | $ 8,286 | $ 8,571 | $ 8,845 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_5
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Change in accounting method (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Total stockholders' equity | $ 1,325,540 | $ 2,101,767 | $ 2,275,179 | |
Treasury Stock [Member] | ||||
Total stockholders' equity | (506,979) | (236,442) | (19,389) | $ (19,170) |
Treasury Stock [Member] | Revision Of Prior Period Change In Accounting Principle Adjustment [Member] | ||||
Total stockholders' equity | (19,000) | |||
Additional Paid In Capital [Member] | ||||
Total stockholders' equity | $ 970,722 | $ 972,547 | $ 965,385 | 960,342 |
Additional Paid In Capital [Member] | Revision Of Prior Period Change In Accounting Principle Adjustment [Member] | ||||
Total stockholders' equity | $ 19,000 |
NATURE OF BUSINESS AND SUMMAR_6
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loans held for investment (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Sep. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Past Due [Line Items] | |||
Threshold Period Past Due Of Financing Receivables To Be Considered Nonperforming | 90 days | ||
Troubled Debt Restructurings Sustained Performance Period | 6 months | ||
Loans held for investment | $ 11,552,825 | $ 11,060,658 | |
Minimum balance of uncollectible loans to be written down | 500 | ||
BSPR | |||
Financing Receivable, Past Due [Line Items] | |||
Fair value of PCD loans | $ 752,800 | ||
ACL for PCD loans | $ 28,700 | ||
Residential Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 2,847,290 | 2,978,895 | |
Loans Foreclosure Delinquency Threshold | 120 days | ||
Financing Receivable, Threshold Period Past Due, Writeoff | 180 days | ||
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 42,772 | 55,127 | |
Residential Portfolio Segment [Member] | PCD loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 101,700 | ||
Residential Portfolio Segment [Member] | Puerto Rico Housing Finance Authority [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Period Of Guaranteed Residential Mortgage Loans That Are No Longer Accruing Interest | 90 days | ||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Period Of Guaranteed Residential Mortgage Loans That Are No Longer Accruing Interest | 15 months | ||
Loans held for investment | $ 118,158 | 125,392 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 0 | 0 | |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico Housing Finance Authority [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Past due 90 days and still accruing | 90 days | ||
Commercial Portfolio Segment [Member] | PCD loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 1,900 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 2,358,851 | 2,167,469 | |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 2,886,263 | 2,887,251 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 132,953 | 138,999 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 3,327,468 | 2,888,044 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 14,806 | 10,454 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 1,798,071 | 1,571,540 | |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 10,672 | 6,684 | |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 353,246 | 316,182 | |
Financing Receivable, Threshold Period Past Due, Writeoff | 120 days | ||
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 1,248 | 1,208 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 146,190 | 135,091 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 1,241 | 1,696 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 718,230 | 575,005 | |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | 1,645 | 866 | |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 311,731 | 290,226 | |
Financing Receivable, Threshold Period Past Due, Writeoff | 180 days | ||
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Past Due [Line Items] | |||
Loans held for investment | $ 0 | $ 0 |
NATURE OF BUSINESS AND SUMMAR_7
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Allowance for loan and lease losses (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Financing Receivable Allowance For Credit Losses [Line Items] | |
Minimum balance of uncollectible loans to be written down | $ 0.5 |
PR And VI [Member] | |
Financing Receivable Allowance For Credit Losses [Line Items] | |
Forecast Period | P2Y |
PR And VI [Member] | Maximum [Member] | |
Financing Receivable Allowance For Credit Losses [Line Items] | |
Reversion Period | P3Y |
NATURE OF BUSINESS AND SUMMAR_8
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Servicing Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | ||||
Servicing Asset at Amortized Cost | $ 29,037 | $ 30,986 | $ 33,071 | $ 26,762 |
NATURE OF BUSINESS AND SUMMAR_9
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Leases (Detail) | Dec. 31, 2022 USD ($) |
Lessee, Lease, Description [Line Items] | |
Finance Lease, Liability | $ 0 |
Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Term of Contract | 2 years |
Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Term of Contract | 30 years |
Option to extend | 10 years |
NATURE OF BUSINESS AND SUMMA_10
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Securities purchased and sold under agreements to repurchase (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Modified Repurchase Agreements Threshold | 10% |
NATURE OF BUSINESS AND SUMMA_11
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Segment Reporting (Detail) | 12 Months Ended |
Dec. 31, 2022 numberofreportableunits | |
SEGMENT INFORMATION [Abstract] | |
Number Of Reportable Segments | 6 |
NATURE OF BUSINESS AND SUMMA_12
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Adoption of new Accounting Pronouncements (Detail) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Retained earnings | $ 1,644,209 | $ 1,427,295 | |
Forecast [Member] | Minimum [Member] | Accounting Standards Update 2022-02 [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Retained earnings | $ 1,000 |
MONEY MARKET INVESTMENTS (Detai
MONEY MARKET INVESTMENTS (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash and Cash Equivalents [Line Items] | |||
Deposits with other financial institutions | $ 300 | $ 300 | |
Other short-term investments | 1,725 | 2,382 | |
Money Market Funds At Carrying Value | $ 2,025 | $ 2,682 | $ 60,572 |
Weighted average interest rate, time deposits with other financial institutions | 0.40% | 0.05% | |
Time deposits with other financial institutions [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Deposits with other financial institutions | $ 300 | $ 300 | |
Overnight deposits with other financial institutions [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Deposits with other financial institutions | $ 541 | $ 1,200 | |
Weighted average rate, other short-term investments | 4.33% | 0.07% | |
Other short-term investments [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Other short-term investments | $ 1,184 | $ 1,182 | |
Weighted average rate, other short-term investments | 0.14% | 0.15% |
MONEY MARKET INVESTMENTS - Addi
MONEY MARKET INVESTMENTS - Additional Information (Detail) - Overnight Deposits [Member] - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and Cash Equivalents [Line Items] | ||
Deposits with other financial institutions | $ 541 | $ 1,200 |
Asset Pledged as Collateral [Member] | ||
Cash and Cash Equivalents [Line Items] | ||
Deposits with other financial institutions | $ 500 | $ 1,200 |
DEBT SECURITIES - Investment Se
DEBT SECURITIES - Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | $ 6,398,197 | $ 6,534,503 |
Gross Unrealized Gains | 247 | 28,900 |
Gross Unrealized Losses | 798,466 | 108,537 |
Allowance for Credit Losses | 458 | 1,105 |
Fair value | $ 5,599,520 | $ 6,453,761 |
Weighted-average yield | 1.22% | 1.03% |
Accrued interest receivable excluded from estimate of credit losses | $ 11,100 | $ 10,100 |
U.S. Treasury securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | 7,493 | |
Gross Unrealized Gains Due within one year | 0 | |
Gross Unrealized Losses Due within one year | 309 | |
Allowance for Credit Losses within one year | 0 | |
Fair value Due within one year | $ 7,184 | |
Weighted-average yield Due within one year | 0.22% | |
Amortized cost After 1 to 5 years | $ 141,366 | 149,660 |
Gross Unrealized Gains After 1 to 5 years | 0 | 59 |
Gross Unrealized Losses After 1 to 5 years | 9,675 | 1,233 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 131,691 | $ 148,486 |
Weighted-average yield After 1 to 5 years | 0.70% | 0.68% |
U.S. GSE's obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 129,018 | |
Gross Unrealized Gains Due within one year | 0 | |
Gross Unrealized Losses Due within one year | 4,036 | |
Allowance for Credit Losses within one year | 0 | |
Fair value Due within one year | $ 124,982 | |
Weighted-average yield Due within one year | 0.32% | |
Amortized cost After 1 to 5 years | $ 2,395,273 | $ 1,877,181 |
Gross Unrealized Gains After 1 to 5 years | 22 | 240 |
Gross Unrealized Losses After 1 to 5 years | 227,724 | 29,555 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 2,167,571 | $ 1,847,866 |
Weighted-average yield After 1 to 5 years | 0.83% | 0.60% |
Amortized cost After 5 to 10 years | $ 56,251 | $ 403,785 |
Gross Unrealized Gains After 5 to 10 years | 13 | 175 |
Gross Unrealized Losses After 5 to 10 years | 7,670 | 10,856 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 48,594 | $ 393,104 |
Weighted-average yield After 5 to 10 years | 1.54% | 0.90% |
Amortized cost After 10 years | $ 12,170 | $ 15,788 |
Gross Unrealized Gains After 10 years | 36 | 224 |
Gross Unrealized Losses After 10 years | 0 | 0 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 12,206 | $ 16,012 |
Weighted-average yield After 10 years | 4.62% | 0.63% |
Puerto Rico government obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 10 years | $ 3,331 | $ 3,574 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 755 | 416 |
Allowance for Credit Losses After 10 years | 375 | 308 |
Fair value After 10 years | $ 2,201 | $ 2,850 |
Weighted-average yield After 10 years | 0% | 0% |
Allowance for Credit Losses | $ 400 | $ 300 |
United States And Puerto Rico Government Obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | 2,744,902 | 2,449,988 |
Gross Unrealized Gains | 71 | 698 |
Gross Unrealized Losses | 250,169 | 42,060 |
Allowance for Credit Losses | 375 | 308 |
Fair value | $ 2,494,429 | $ 2,408,318 |
Weighted-average yield | 0.83% | 0.67% |
MBS [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost | $ 3,652,795 | $ 4,083,515 |
Gross Unrealized Gains | 176 | 28,202 |
Gross Unrealized Losses | 548,297 | 66,477 |
Allowance for Credit Losses | 83 | 797 |
Fair value | $ 3,104,591 | $ 4,044,443 |
Weighted-average yield | 1.52% | 1.26% |
MBS [Member] | FHLMC [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | $ 4,235 | $ 2,811 |
Gross Unrealized Gains After 1 to 5 years | 0 | 119 |
Gross Unrealized Losses After 1 to 5 years | 169 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 4,066 | $ 2,930 |
Weighted-average yield After 1 to 5 years | 2.33% | 2.65% |
Amortized cost After 5 to 10 years | $ 204,085 | $ 193,234 |
Gross Unrealized Gains After 5 to 10 years | 0 | 2,419 |
Gross Unrealized Losses After 5 to 10 years | 19,061 | 1,122 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 185,024 | $ 194,531 |
Weighted-average yield After 5 to 10 years | 1.55% | 1.29% |
Amortized cost After 10 years | $ 1,092,289 | $ 1,240,964 |
Gross Unrealized Gains After 10 years | 0 | 3,748 |
Gross Unrealized Losses After 10 years | 186,558 | 23,503 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 905,731 | $ 1,221,209 |
Weighted-average yield After 10 years | 1.38% | 1.18% |
Amortized cost | $ 1,300,609 | $ 1,437,009 |
Gross Unrealized Gains | 0 | 6,286 |
Gross Unrealized Losses | 205,788 | 24,625 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 1,094,821 | $ 1,418,670 |
Weighted-average yield | 1.41% | 1.20% |
MBS [Member] | GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 5 | $ 2 |
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 | $ 5 | $ 2 |
Weighted-average yield Due within one year | 1.73% | 1.32% |
Amortized cost After 1 to 5 years | $ 15,508 | $ 16,714 |
Gross Unrealized Gains After 1 to 5 years | 0 | 572 |
Gross Unrealized Losses After 1 to 5 years | 622 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 14,886 | $ 17,286 |
Weighted-average yield After 1 to 5 years | 2% | 2.90% |
Amortized cost After 5 to 10 years | $ 45,322 | $ 27,271 |
Gross Unrealized Gains After 5 to 10 years | 1 | 80 |
Gross Unrealized Losses After 5 to 10 years | 3,809 | 139 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 41,514 | $ 27,212 |
Weighted-average yield After 5 to 10 years | 1.31% | 0.51% |
Amortized cost After 10 years | $ 232,632 | $ 338,927 |
Gross Unrealized Gains After 10 years | 51 | 7,091 |
Gross Unrealized Losses After 10 years | 27,169 | 2,174 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 205,514 | $ 343,844 |
Weighted-average yield After 10 years | 2.47% | 1.45% |
Amortized cost | $ 293,467 | $ 382,914 |
Gross Unrealized Gains | 52 | 7,743 |
Gross Unrealized Losses | 31,600 | 2,313 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 261,919 | $ 388,344 |
Weighted-average yield | 2.27% | 1.45% |
MBS [Member] | FNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 4,975 | |
Gross Unrealized Gains Due within one year | 21 | |
Gross Unrealized Losses Due within one year | 0 | |
Allowance for Credit Losses within one year | 0 | |
Fair value Due within one year | $ 4,996 | |
Weighted-average yield Due within one year | 2.03% | |
Amortized cost After 1 to 5 years | $ 9,685 | $ 21,337 |
Gross Unrealized Gains After 1 to 5 years | 0 | 424 |
Gross Unrealized Losses After 1 to 5 years | 521 | 0 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 9,164 | $ 21,761 |
Weighted-average yield After 1 to 5 years | 1.76% | 2.87% |
Amortized cost After 5 to 10 years | $ 400,223 | $ 298,771 |
Gross Unrealized Gains After 5 to 10 years | 0 | 4,387 |
Gross Unrealized Losses After 5 to 10 years | 36,871 | 1,917 |
Allowance for Credit Losses After 5 to 10 years | 0 | 0 |
Fair value After 5 to 10 years | $ 363,352 | $ 301,241 |
Weighted-average yield After 5 to 10 years | 1.70% | 1.41% |
Amortized cost After 10 years | $ 1,186,635 | $ 1,389,381 |
Gross Unrealized Gains After 10 years | 124 | 8,953 |
Gross Unrealized Losses After 10 years | 186,757 | 21,747 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 1,000,002 | $ 1,376,587 |
Weighted-average yield After 10 years | 1.38% | 1.21% |
Amortized cost | $ 1,596,543 | $ 1,714,464 |
Gross Unrealized Gains | 124 | 13,785 |
Gross Unrealized Losses | 224,149 | 23,664 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 1,372,518 | $ 1,704,585 |
Weighted-average yield | 1.46% | 1.27% |
MBS [Member] | Collateralized mortgage obligations guaranteed by FHLMC, FNMA and GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 1 to 5 years | $ 30,578 | $ 24,007 |
Gross Unrealized Gains After 1 to 5 years | 0 | 1 |
Gross Unrealized Losses After 1 to 5 years | 4,463 | 778 |
Allowance for Credit Losses After 1 to 5 years | 0 | 0 |
Fair value After 1 to 5 years | $ 26,115 | $ 23,230 |
Weighted-average yield After 1 to 5 years | 2.43% | 1.31% |
Amortized cost After 5 to 10 years | $ 14,316 | |
Gross Unrealized Gains After 5 to 10 years | 97 | |
Gross Unrealized Losses After 5 to 10 years | 0 | |
Allowance for Credit Losses After 5 to 10 years | 0 | |
Fair value After 5 to 10 years | $ 14,413 | |
Weighted-average yield After 5 to 10 years | 0.76% | |
Amortized cost After 10 years | $ 423,695 | $ 500,811 |
Gross Unrealized Gains After 10 years | 0 | 290 |
Gross Unrealized Losses After 10 years | 80,271 | 13,134 |
Allowance for Credit Losses After 10 years | 0 | 0 |
Fair value After 10 years | $ 343,424 | $ 487,967 |
Weighted-average yield After 10 years | 1.38% | 1.23% |
Amortized cost | $ 454,273 | $ 539,134 |
Gross Unrealized Gains | 0 | 388 |
Gross Unrealized Losses | 84,734 | 13,912 |
Allowance for Credit Losses | 0 | 0 |
Fair value | $ 369,539 | $ 525,610 |
Weighted-average yield | 1.45% | 1.22% |
MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost After 10 years | $ 7,903 | $ 9,994 |
Gross Unrealized Gains After 10 years | 0 | 0 |
Gross Unrealized Losses After 10 years | 2,026 | 1,963 |
Allowance for Credit Losses After 10 years | 83 | 797 |
Fair value After 10 years | $ 5,794 | $ 7,234 |
Weighted-average yield After 10 years | 6.83% | 2.21% |
Gross Unrealized Losses | $ 2,100 | |
Allowance for Credit Losses | 100 | $ 800 |
Fair value | $ 5,800 | |
Weighted-average yield | 6.83% | |
Other Debt Obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Amortized cost Due within one year | $ 500 | 500 |
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 | $ 500 | $ 500 |
Weighted-average yield Due within one year | 0.84% | 0.72% |
Amortized cost After 1 to 5 years | $ 500 | |
Gross Unrealized Gains After 1 to 5 years | 0 | |
Gross Unrealized Losses After 1 to 5 years | 0 | |
Allowance for Credit Losses After 1 to 5 years | 0 | |
Fair value After 1 to 5 years | $ 500 | |
Weighted-average yield After 1 to 5 years | 0.84% | |
Amortized cost | $ 1,000 | |
Gross Unrealized Gains | 0 | |
Gross Unrealized Losses | 0 | |
Allowance for Credit Losses | 0 | |
Fair value | $ 1,000 | |
Weighted-average yield | 0.78% |
DEBT SECURITIES - Additional In
DEBT SECURITIES - Additional Information (Detail) - USD ($) | 12 Months Ended | |||||
Sep. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | |
Schedule Of Investments [Line Items] | ||||||
Proceeds from sales of available-for-sale securities | $ 0 | $ 0 | $ 1,195,250,000 | |||
Available-for-sale realized gains | 13,300,000 | |||||
Available-for-sale gross realized losses | 100,000 | |||||
Available-for-sale net gain | 13,200,000 | |||||
Fair value | 5,599,520,000 | 6,453,761,000 | ||||
Gross Unrealized Losses | 798,466,000 | 108,537,000 | ||||
Available-for-sale, allowance for credit losses | 458,000 | 1,105,000 | ||||
Allowance for credit losses, Held-to-Maturity securities | 8,286,000 | 8,571,000 | ||||
Debt Securities, Held-to-maturity | 437,537,000 | 178,133,000 | ||||
Interest Receivable | 69,730,000 | 61,507,000 | ||||
Securities Held To Maturity, Purchased | 289,900,000 | |||||
Interest income on available for sale debt securities | 86,100,000 | 62,700,000 | 49,000,000 | |||
Interest income, held to maturity securities | 15,500,000 | 8,800,000 | 7,600,000 | |||
Held to maturity securities classified as cash and cash equivalents | 0 | 0 | ||||
Past Due [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Debt Securities, Held-to-maturity | 0 | 0 | ||||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Allowance for credit losses, Held-to-Maturity securities | 8,286,000 | 8,571,000 | 8,845,000 | $ 0 | ||
Initial allowance on PCD debt securities | $ 1,269,000 | 0 | 0 | |||
Provision for credit loss expense | (285,000) | (274,000) | (558,000) | |||
Debt Securities, Held-to-maturity | 165,710,000 | |||||
Debt Securities Held To Maturity Allowance For Credit Loss Period Increase Decrease | 300,000 | |||||
Municipal Bonds [Member] | Puerto Rico [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Allowance for credit losses, Held-to-Maturity securities | 0 | 0 | $ 8,134,000 | |||
Puerto Rico government obligations [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Available-for-sale, allowance for credit losses | 400,000 | 300,000 | ||||
MBS [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Fair value | 3,104,591,000 | 4,044,443,000 | ||||
Gross Unrealized Losses | 548,297,000 | 66,477,000 | ||||
Available-for-sale, allowance for credit losses | 83,000 | 797,000 | ||||
Allowance for credit losses, Held-to-Maturity securities | 0 | |||||
Debt Securities, Held-to-maturity | 271,827,000 | |||||
MBS And Government Obligations Held By International Banking Entities [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Interest income on available for sale debt securities | 40,700,000 | 25,700,000 | 38,500,000 | |||
Interest income, held to maturity securities | 15,400,000 | 8,800,000 | 7,600,000 | |||
Residential Pass-Through Mortgage Backed Securities Issued By PRHFA [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Fair value | 2,200,000 | |||||
Gross Unrealized Losses | 1,100,000 | |||||
Provision For Other Credit Losses No Previous Expected Credit Losses | 400,000 | |||||
Available-for-sale Securities [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Available-for-sale, allowance for credit losses | 458,000 | 1,105,000 | 1,310,000 | 0 | ||
Provision For Other Credit Losses Previous Expected Credit Losses | 434,000 | 136,000 | (1,641,000) | |||
Charge-offs | 213,000 | 69,000 | 331,000 | |||
Available-for-sale Securities [Member] | Puerto Rico government obligations [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Available-for-sale, allowance for credit losses | 375,000 | 308,000 | 308,000 | 0 | ||
Provision For Other Credit Losses Previous Expected Credit Losses | (67,000) | 0 | (308,000) | |||
Charge-offs | 0 | 0 | 0 | |||
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Available-for-sale, allowance for credit losses | 83,000 | 797,000 | 1,002,000 | $ 0 | ||
Provision For Other Credit Losses Previous Expected Credit Losses | 501,000 | 136,000 | (1,333,000) | |||
Charge-offs | $ 213,000 | $ 69,000 | $ 331,000 | |||
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] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Schedule Of Investments [Line Items] | ||||||
Loans Receivable, Description of Variable Rate Basis | The interest rate on these private-label MBS is variable, tied to 3-month LIBOR, and limited to the weighted-average coupon on the underlying collateral. |
DEBT SECURITIES - Available-For
DEBT SECURITIES - Available-For-Sale Investments' Fair Value And Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | $ 1,115,192 | $ 4,601,661 |
Unrealized Losses Less than 12 months | 125,343 | 76,269 |
Fair Value 12 months or more | 4,447,686 | 1,008,607 |
Unrealized Losses 12 months or more | 673,123 | 32,268 |
Total Fair Value | 5,562,878 | 5,610,268 |
Total Unrealized Losses | 798,466 | 108,537 |
Allowance for Credit Losses | 458 | 1,105 |
U.S. Treasury and U.S. government agencies obligations [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 298,313 | 1,717,340 |
Unrealized Losses Less than 12 months | 18,057 | 25,401 |
Fair Value 12 months or more | 2,174,724 | 606,179 |
Unrealized Losses 12 months or more | 231,357 | 16,243 |
Total Fair Value | 2,473,037 | 2,323,519 |
Total Unrealized Losses | 249,414 | 41,644 |
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 | 2,201 | 2,850 |
Unrealized Losses 12 months or more | 755 | 416 |
Total Fair Value | 2,201 | 2,850 |
Total Unrealized Losses | 755 | 416 |
Allowance for Credit Losses | 400 | 300 |
MBS [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Allowance for Credit Losses | 83 | 797 |
MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Allowance for Credit Losses | 100 | 800 |
MBS [Member] | FHLMC [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 263,184 | 986,345 |
Unrealized Losses Less than 12 months | 45,776 | 16,144 |
Fair Value 12 months or more | 831,637 | 221,896 |
Unrealized Losses 12 months or more | 160,012 | 8,481 |
Total Fair Value | 1,094,821 | 1,208,241 |
Total Unrealized Losses | 205,788 | 24,625 |
MBS [Member] | GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 74,829 | 194,271 |
Unrealized Losses Less than 12 months | 3,433 | 1,329 |
Fair Value 12 months or more | 179,854 | 41,233 |
Unrealized Losses 12 months or more | 28,167 | 984 |
Total Fair Value | 254,683 | 235,504 |
Total Unrealized Losses | 31,600 | 2,313 |
MBS [Member] | FNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 424,178 | 1,237,701 |
Unrealized Losses Less than 12 months | 51,289 | 19,843 |
Fair Value 12 months or more | 938,625 | 112,559 |
Unrealized Losses 12 months or more | 172,860 | 3,821 |
Total Fair Value | 1,362,803 | 1,350,260 |
Total Unrealized Losses | 224,149 | 23,664 |
MBS [Member] | Collateralized mortgage obligations guaranteed by FHLMC, FNMA and GNMA [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 54,688 | 466,004 |
Unrealized Losses Less than 12 months | 6,788 | 13,552 |
Fair Value 12 months or more | 314,851 | 16,656 |
Unrealized Losses 12 months or more | 77,946 | 360 |
Total Fair Value | 369,539 | 482,660 |
Total Unrealized Losses | 84,734 | 13,912 |
MBS [Member] | Private label [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Fair Value Less than 12 months | 0 | 0 |
Unrealized Losses Less than 12 months | 0 | 0 |
Fair Value 12 months or more | 5,794 | 7,234 |
Unrealized Losses 12 months or more | 2,026 | 1,963 |
Total Fair Value | 5,794 | 7,234 |
Total Unrealized Losses | $ 2,026 | $ 1,963 |
DEBT SECURITIES - Significant A
DEBT SECURITIES - Significant Assumptions in Valuation of Private Label MBS (Detail) - MBS [Member] - Private label [Member] | Dec. 31, 2022 | Dec. 31, 2021 |
Discount rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Discount rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Discount rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Prepayment rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.118 | 0.152 |
Prepayment rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.015 | 0.076 |
Prepayment rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.152 | 0.249 |
Projected Cumulative Loss Rate [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.056 | 0.076 |
Projected Cumulative Loss Rate [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.003 | 0.002 |
Projected Cumulative Loss Rate [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.156 | 0.157 |
DEBT SECURITIES - ACL for Debt
DEBT SECURITIES - ACL for Debt Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | $ 1,105 | ||
Ending Balance | 458 | $ 1,105 | |
MBS [Member] | |||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | 797 | ||
Ending Balance | 83 | 797 | |
Puerto Rico government obligations [Member] | |||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | 300 | ||
Ending Balance | 400 | 300 | |
Available-for-sale Securities [Member] | |||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | 1,105 | 1,310 | $ 0 |
Provision for credit losses - (benefit) expense | (434) | (136) | 1,641 |
Net charge-offs | (213) | (69) | (331) |
Ending Balance | 458 | 1,105 | 1,310 |
Available-for-sale Securities [Member] | MBS [Member] | Private label [Member] | |||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | 797 | 1,002 | 0 |
Provision for credit losses - (benefit) expense | (501) | (136) | 1,333 |
Net charge-offs | (213) | (69) | (331) |
Ending Balance | 83 | 797 | 1,002 |
Available-for-sale Securities [Member] | Puerto Rico government obligations [Member] | |||
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items] | |||
Beginning Balance | 308 | 308 | 0 |
Provision for credit losses - (benefit) expense | 67 | 0 | 308 |
Net charge-offs | 0 | 0 | 0 |
Ending Balance | $ 375 | $ 308 | $ 308 |
DEBT SECURITIES - Investment _2
DEBT SECURITIES - Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held To Maturity Securities Amortized | $ 437,537 | $ 178,133 | ||
Held to Maturity Gross Unrecognized gains | 4,068 | 2,086 | ||
Held to Maturity Gross Unrecognized losses | 14,490 | 13,072 | ||
Held to Maturity Fair value | 427,115 | 167,147 | ||
Allowance for credit losses, Held-to-Maturity securities | $ 8,286 | $ 8,571 | ||
Held to Maturity Weighted-average yield | 4.71% | 4.04% | ||
Held to maturity accrued interest receivable excluded from estimate of credit losses | $ 5,500 | $ 3,400 | ||
Mortgage Backed Securities [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held To Maturity Securities Amortized | 271,827 | |||
Held to Maturity Gross Unrecognized gains | 0 | |||
Held to Maturity Gross Unrecognized losses | 11,721 | |||
Held to Maturity Fair value | 260,106 | |||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | |||
Held to Maturity Weighted-average yield | 3.55% | |||
Municipal Bonds [Member] | Puerto Rico [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Matury Amortized Due Withing One Year | $ 1,202 | 2,995 | ||
Held to Maturity Gross Unrecognized gain Due Within One Year | 0 | 5 | ||
Held to Maturity Gross Unrecognized losses Due Within One Year | 15 | 0 | ||
Held to Maturity Fair value Due Within One Year | 1,187 | 3,000 | ||
Allowance for credit losses Due within one year | $ 2 | $ 70 | ||
Held to Maturity Weighted-average yield Due withing One Year | 5.20% | 5.39% | ||
Held to Maturity Amortized Cost After 1 to 5 years | $ 42,530 | $ 14,785 | ||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 886 | 526 | ||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 1,076 | 156 | ||
Held to Maturity Fair value After 1 to 5 years | 42,340 | 15,155 | ||
Allowance for credit losses After 1 to 5 years | $ 656 | $ 347 | ||
Held to Maturity Weighted-average yield After 1 to 5 years | 6.34% | 2.35% | ||
Held to Maturity Amortized Cost After 5 to 10 years | $ 55,956 | $ 90,584 | ||
Held to Maturity Gross Unrecognized gains After 5 to 10 yearss | 3,182 | 1,555 | ||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 360 | 3,139 | ||
Held to Maturity Fair value After 5 to 10 years | 58,778 | 89,000 | ||
Allowance for credit losses After 5 to 10 years | $ 3,243 | $ 3,258 | ||
Held to Maturity Weighted-average yield After 5 to 10 years | 6.29% | 4.25% | ||
Held to Maturity Amortized Cost After 10 years | $ 69,769 | |||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 10 years | 9,777 | |||
Held to Maturity Fair value After 10 years | 59,992 | |||
Allowance for credit losses After 10 years | $ 4,896 | |||
Held to Maturity Weighted-average yield After 10 years | 7.10% | 4.06% | ||
Held To Maturity Securities Amortized | $ 165,710 | |||
Held to Maturity Gross Unrecognized gains | 4,068 | |||
Held to Maturity Gross Unrecognized losses | 2,769 | |||
Held to Maturity Fair value | 167,009 | |||
Allowance for credit losses, Held-to-Maturity securities | $ 8,286 | $ 8,571 | $ 8,845 | $ 0 |
Held to Maturity Weighted-average yield | 6.62% | |||
FHLMC [Member] | Mortgage Backed Securities [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 5 to 10 years | $ 21,443 | |||
Held to Maturity Gross Unrecognized gains After 5 to 10 yearss | 0 | |||
Held to Maturity Gross Unrecognized losses After 5 to 10 years | 746 | |||
Held to Maturity Fair value After 5 to 10 years | 20,697 | |||
Allowance for credit losses After 5 to 10 years | $ 0 | |||
Held to Maturity Weighted-average yield After 5 to 10 years | 3.03% | |||
Held to Maturity Amortized Cost After 10 years | $ 19,362 | |||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 10 years | 888 | |||
Held to Maturity Fair value After 10 years | 18,474 | |||
Allowance for credit losses After 10 years | $ 0 | |||
Held to Maturity Weighted-average yield After 10 years | 4.21% | |||
Held To Maturity Securities Amortized | $ 40,805 | |||
Held to Maturity Gross Unrecognized gains | 0 | |||
Held to Maturity Gross Unrecognized losses | 1,634 | |||
Held to Maturity Fair value | 39,171 | |||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | |||
Held to Maturity Weighted-average yield | 3.59% | |||
GNMA [Member] | Mortgage Backed Securities [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 10 years | $ 19,131 | |||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 10 years | 943 | |||
Held to Maturity Fair value After 10 years | 18,188 | |||
Allowance for credit losses After 10 years | $ 0 | |||
Held to Maturity Weighted-average yield After 10 years | 3.35% | |||
FNMA [Member] | Mortgage Backed Securities [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 1 to 5 years | $ 9,621 | |||
Held to Maturity Gross Unrecognized gains After 1 to 5 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 1 to 5 years | 396 | |||
Held to Maturity Fair value After 1 to 5 years | 9,225 | |||
Allowance for credit losses After 1 to 5 years | $ 0 | |||
Held to Maturity Weighted-average yield After 1 to 5 years | 3.48% | |||
Held to Maturity Amortized Cost After 10 years | $ 72,347 | |||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 10 years | 3,155 | |||
Held to Maturity Fair value After 10 years | 69,192 | |||
Allowance for credit losses After 10 years | $ 0 | |||
Held to Maturity Weighted-average yield After 10 years | 4.14% | |||
Held To Maturity Securities Amortized | $ 81,968 | |||
Held to Maturity Gross Unrecognized gains | 0 | |||
Held to Maturity Gross Unrecognized losses | 3,551 | |||
Held to Maturity Fair value | 78,417 | |||
Allowance for credit losses, Held-to-Maturity securities | $ 0 | |||
Held to Maturity Weighted-average yield | 4.06% | |||
Collateralized Mortgage Obligations [Member] | Mortgage Backed Securities [Member] | ||||
Schedule Of Held To Maturity Securities [Line Items] | ||||
Held to Maturity Amortized Cost After 10 years | $ 129,923 | |||
Held to Maturity Gross Unrecognized gains After 10 years | 0 | |||
Held to Maturity Gross Unrecognized losses After 10 years | 5,593 | |||
Held to Maturity Fair value After 10 years | 124,330 | |||
Allowance for credit losses After 10 years | $ 0 | |||
Held to Maturity Weighted-average yield After 10 years | 3.24% |
DEBT SECURITIES - Investments S
DEBT SECURITIES - Investments Securities Held to Maturity (Securities in continous unrealized loss position) (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | $ 260,106 | |
HTM Unrealized Losses Less than 12 months | 11,721 | |
HTM Fair Value 12 months or more | 98,797 | |
HTM Unrealized Losses 12 months or more | 2,769 | |
HTM Fair Value | 358,903 | |
HTM Unrealized Losses | 14,490 | |
FHLMC [Member] | Mortgage Backed Securities [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 39,171 | |
HTM Unrealized Losses Less than 12 months | 1,634 | |
HTM Fair Value 12 months or more | 0 | |
HTM Unrealized Losses 12 months or more | 0 | |
HTM Fair Value | 39,171 | |
HTM Unrealized Losses | 1,634 | |
GNMA [Member] | Mortgage Backed Securities [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 18,188 | |
HTM Unrealized Losses Less than 12 months | 943 | |
HTM Fair Value 12 months or more | 0 | |
HTM Unrealized Losses 12 months or more | 0 | |
HTM Fair Value | 18,188 | |
HTM Unrealized Losses | 943 | |
FNMA [Member] | Mortgage Backed Securities [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 78,417 | |
HTM Unrealized Losses Less than 12 months | 3,551 | |
HTM Fair Value 12 months or more | 0 | |
HTM Unrealized Losses 12 months or more | 0 | |
HTM Fair Value | 78,417 | |
HTM Unrealized Losses | 3,551 | |
Collateralized Mortgage Obligations [Member] | Mortgage Backed Securities [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 124,330 | |
HTM Unrealized Losses Less than 12 months | 5,593 | |
HTM Fair Value 12 months or more | 0 | |
HTM Unrealized Losses 12 months or more | 0 | |
HTM Fair Value | 124,330 | |
HTM Unrealized Losses | 5,593 | |
Puerto Rico [Member] | Municipal Bonds [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
HTM Fair Value Less than 12 months | 0 | $ 0 |
HTM Unrealized Losses Less than 12 months | 0 | 0 |
HTM Fair Value 12 months or more | 98,797 | 140,732 |
HTM Unrealized Losses 12 months or more | 2,769 | 13,072 |
HTM Fair Value | 98,797 | 140,732 |
HTM Unrealized Losses | $ 2,769 | $ 13,072 |
DEBT SECURITIES - ACL on Debt S
DEBT SECURITIES - ACL on Debt Securities Held-To-Maturity (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Sep. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 8,571 | |||
Ending Balance | 8,286 | $ 8,571 | ||
Municipal Bonds [Member] | PUERTO RICO | ||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | 8,571 | 8,845 | $ 0 | |
Initial allowance on PCD debt securities | $ 1,269 | 0 | 0 | |
Provision for credit loss expense | (285) | (274) | (558) | |
Ending Balance | 8,286 | 8,571 | 8,845 | |
Municipal Bonds [Member] | PUERTO RICO | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||||
Beginning Balance | $ 0 | 0 | ||
Ending Balance | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - Loa
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans held for investment | $ 11,552,825 | $ 11,060,658 | ||
Less: ACL for loans and finance leases | (260,464) | (269,030) | $ (385,887) | $ (155,139) |
Loans held for investment, net | 11,292,361 | 10,791,628 | ||
Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 9,464,474 | 9,113,918 | ||
Florida region [Member} | ||||
Loans held for investment | 2,088,351 | 1,946,740 | ||
Residential Portfolio Segment [Member] | ||||
Loans held for investment | 2,847,290 | 2,978,895 | ||
Less: ACL for loans and finance leases | (62,760) | (74,837) | (120,311) | (44,806) |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 2,417,900 | 2,549,573 | ||
Residential Portfolio Segment [Member] | Florida region [Member} | ||||
Loans held for investment | 429,390 | 429,322 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | ||||
Loans held for investment | 2,886,263 | 2,887,251 | ||
Less: ACL for loans and finance leases | (32,906) | (34,284) | (37,944) | (15,198) |
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 1,860,109 | 1,946,597 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial loans [Member] | Florida region [Member} | ||||
Loans held for investment | 1,026,154 | 940,654 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Loans held for investment | 2,358,851 | 2,167,469 | ||
Less: ACL for loans and finance leases | (35,064) | (52,771) | (109,342) | (39,194) |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 1,834,204 | 1,702,231 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||||
Loans held for investment | 524,647 | 465,238 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||
Loans held for investment | 132,953 | 138,999 | ||
Less: ACL for loans and finance leases | (2,308) | (4,048) | (5,380) | (2,370) |
Commercial Portfolio Segment [Member] | Construction loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 34,772 | 43,133 | ||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Florida region [Member} | ||||
Loans held for investment | 98,181 | 95,866 | ||
Consumer Portfolio Segment [Member] | ||||
Loans held for investment | 3,327,468 | 2,888,044 | ||
Less: ACL for loans and finance leases | (127,426) | (103,090) | $ (112,910) | $ (53,571) |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||||
Loans held for investment | 3,317,489 | 2,872,384 | ||
Consumer Portfolio Segment [Member] | Florida region [Member} | ||||
Loans held for investment | $ 9,979 | $ 15,660 |
LOANS HELD FOR INVESTMENT - L_2
LOANS HELD FOR INVESTMENT - Loan Portfolio Held for Investment (Parenthetical) (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, before Allowance for Credit Loss | $ 11,552,825 | $ 11,060,658 |
Unaccreted fair value net purchase discounts | 29,300 | 35,300 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, before Allowance for Credit Loss | 2,886,263 | 2,887,251 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Commercial loans secured by real estate [Member] | ||
Financing Receivable, before Allowance for Credit Loss | $ 838,500 | $ 952,100 |
LOANS HELD FOR INVESTMENT - Cor
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 11,552,825 | $ 11,060,658 |
Nonaccrual Loans with No ACL | 25,026 | 27,733 |
Loans Past Due 90 days or more and Still Accruing | 80,283 | 114,679 |
Financing Receivable, Nonaccrual | 89,935 | 110,717 |
Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 11,277,708 | 10,744,930 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 58,718 | 44,202 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 46,181 | 46,130 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,847,290 | 2,978,895 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,729,132 | 2,853,503 |
Nonaccrual Loans with No ACL | 2,292 | 3,689 |
Loans Past Due 90 days or more and Still Accruing | 16,821 | 28,433 |
Financing Receivable, Nonaccrual | 42,772 | 55,127 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,643,909 | 2,738,111 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 25,630 | 31,832 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 118,158 | 125,392 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 48,456 | 65,515 |
Financing Receivable, Nonaccrual | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 67,116 | 57,522 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,586 | 2,355 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,886,263 | 2,887,251 |
Nonaccrual Loans with No ACL | 3,300 | 11,393 |
Loans Past Due 90 days or more and Still Accruing | 6,332 | 7,827 |
Financing Receivable, Nonaccrual | 7,830 | 17,135 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,868,989 | 2,858,397 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,984 | 2,047 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,128 | 1,845 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,358,851 | 2,167,469 |
Nonaccrual Loans with No ACL | 15,991 | 8,289 |
Loans Past Due 90 days or more and Still Accruing | 3,771 | 9,919 |
Financing Receivable, Nonaccrual | 22,319 | 25,337 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,330,094 | 2,129,375 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 300 | 2,402 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,367 | 436 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 132,953 | 138,999 |
Nonaccrual Loans with No ACL | 977 | 1,000 |
Loans Past Due 90 days or more and Still Accruing | 128 | 0 |
Financing Receivable, Nonaccrual | 2,208 | 2,664 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 130,617 | 136,317 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 18 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,327,468 | 2,888,044 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,798,071 | 1,571,540 |
Nonaccrual Loans with No ACL | 2,136 | 3,146 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 10,672 | 6,684 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,740,271 | 1,533,445 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 40,039 | 26,462 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 7,089 | 4,949 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 718,230 | 575,005 |
Nonaccrual Loans with No ACL | 330 | 196 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,645 | 866 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 707,646 | 568,606 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 7,148 | 4,820 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,791 | 713 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 353,246 | 316,182 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,248 | 1,208 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 346,366 | 310,390 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,738 | 3,299 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,894 | 1,285 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 311,731 | 290,226 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 4,775 | 2,985 |
Financing Receivable, Nonaccrual | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 301,013 | 282,179 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 3,705 | 3,158 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 2,238 | 1,904 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 146,190 | 135,091 |
Nonaccrual Loans with No ACL | 0 | 20 |
Loans Past Due 90 days or more and Still Accruing | 0 | 0 |
Financing Receivable, Nonaccrual | 1,241 | 1,696 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Current [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 141,687 | 130,588 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | 1,804 | 1,996 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans held for investment | $ 1,458 | $ 811 |
LOANS HELD FOR INVESTMENT - C_2
LOANS HELD FOR INVESTMENT - Corporation's Aging of Loans Held for Investment Portfolio (Parenthetical) (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,552,825 | $ 11,060,658 |
Nonaccrual Loans with No ACL | 25,026 | 27,733 |
Loans Past Due 90 days or more and Still Accruing | 80,283 | 114,679 |
Nonaccrual | 89,935 | 110,717 |
Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Total TDR loans | 328,100 | 363,400 |
PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 12,000 | 20,600 |
Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,088,351 | 1,946,740 |
Nonaccrual | 8,300 | 8,200 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 58,718 | 44,202 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,847,290 | 2,978,895 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,804,518 | 2,923,768 |
Residential Portfolio Segment [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 101,700 | |
Residential Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 429,390 | 429,322 |
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 422,089 | 422,170 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,729,132 | 2,853,503 |
Nonaccrual Loans with No ACL | 2,292 | 3,689 |
Loans Past Due 90 days or more and Still Accruing | 16,821 | 28,433 |
Nonaccrual | 42,772 | 55,127 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,686,360 | 2,798,376 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 11,000 | 19,100 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 428,648 | 428,582 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 421,347 | 421,430 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 65,200 | 66,000 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 118,158 | 125,392 |
Nonaccrual Loans with No ACL | 0 | 0 |
Loans Past Due 90 days or more and Still Accruing | 48,456 | 65,515 |
Nonaccrual | 0 | 0 |
Total TDR loans | 53,900 | 57,600 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 118,158 | 125,392 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 742 | 740 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 742 | 740 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 6,100 | 6,100 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Past Due, 15 Months Delinquent [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 28,200 | 46,600 |
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 10,400 | 7,200 |
Loans Past Due 90 days or more and Still Accruing | 10,300 | 7,200 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,886,263 | 2,887,251 |
Nonaccrual Loans with No ACL | 3,300 | 11,393 |
Loans Past Due 90 days or more and Still Accruing | 6,332 | 7,827 |
Nonaccrual | 7,830 | 17,135 |
Commercial Portfolio Segment [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,900 | |
Commercial Portfolio Segment [Member] | Florida region [Member} | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,026,154 | 940,654 |
Nonaccrual Loans with No ACL | 300 | 500 |
Commercial Portfolio Segment [Member] | 30-59 Days Past Due [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 1,984 | 2,047 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 2,358,851 | 2,167,469 |
Nonaccrual Loans with No ACL | 15,991 | 8,289 |
Loans Past Due 90 days or more and Still Accruing | 3,771 | 9,919 |
Nonaccrual | 22,319 | 25,337 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | PCD loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Loans Past Due 90 days or more and Still Accruing | 1,000 | 1,500 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 524,647 | 465,238 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | 300 | 2,402 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | 30-59 Days Past Due [Member] | Less Than Two Payments In Arrears [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 1,600 | $ 700 |
LOANS HELD FOR INVESTMENT - C_3
LOANS HELD FOR INVESTMENT - Corporation's Commercial and Construction Loans by Portfolio Classes and by Origination Year Based on the Internal Credit Risk Category (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | $ 11,552,825 | $ 11,060,658 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 9,464,474 | 9,113,918 |
Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 2,088,351 | 1,946,740 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 575,910 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 359,933 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 263,474 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 584,936 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 165,560 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 242,707 | |
Financing Receivable, Revolving | 693,743 | |
Loans held for investment | 2,886,263 | 2,887,251 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 298,273 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 196,723 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 186,180 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 330,606 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 99,076 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 192,070 | |
Financing Receivable, Revolving | 557,181 | |
Loans held for investment | 1,860,109 | 1,946,597 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 277,637 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,210 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 77,294 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 254,330 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 66,484 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 50,637 | |
Financing Receivable, Revolving | 136,562 | |
Loans held for investment | 1,026,154 | 940,654 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 575,569 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 358,670 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 261,883 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 539,491 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 154,968 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 214,229 | |
Financing Receivable, Revolving | 663,913 | |
Loans held for investment | 2,768,723 | 2,679,375 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 297,932 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 195,460 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 184,856 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 315,987 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 88,484 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 179,201 | |
Financing Receivable, Revolving | 527,652 | |
Loans held for investment | 1,789,572 | 1,852,552 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Pass [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 277,637 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 163,210 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 77,027 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 223,504 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 66,484 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 35,028 | |
Financing Receivable, Revolving | 136,261 | |
Loans held for investment | 979,151 | 826,823 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 138 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 912 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,474 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,867 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 14,562 | |
Financing Receivable, Revolving | 29,176 | |
Loans held for investment | 61,129 | 82,596 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 138 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 912 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 500 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 9,867 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,631 | |
Financing Receivable, Revolving | 29,176 | |
Loans held for investment | 43,224 | 32,650 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Special Mention [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 5,974 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 11,931 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 17,905 | 49,946 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 203 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 351 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,591 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 38,971 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 725 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,916 | |
Financing Receivable, Revolving | 654 | |
Loans held for investment | 56,411 | 125,280 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 203 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 351 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,324 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14,119 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 725 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 10,238 | |
Financing Receivable, Revolving | 353 | |
Loans held for investment | 27,313 | 61,395 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Substandard [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 267 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 24,852 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,678 | |
Financing Receivable, Revolving | 301 | |
Loans held for investment | 29,098 | 63,885 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Doubtful [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Loss [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 569,053 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 211,981 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 416,265 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 374,840 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 277,241 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 489,889 | |
Financing Receivable, Revolving | 19,582 | |
Loans held for investment | 2,358,851 | 2,167,469 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 392,922 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 141,456 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 366,698 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 306,692 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 205,837 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 419,573 | |
Financing Receivable, Revolving | 1,026 | |
Loans held for investment | 1,834,204 | 1,702,231 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176,131 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 70,525 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 49,567 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 68,148 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 71,404 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 70,316 | |
Financing Receivable, Revolving | 18,556 | |
Loans held for investment | 524,647 | 465,238 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 567,720 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 211,981 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 404,528 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 351,793 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 265,199 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 338,109 | |
Financing Receivable, Revolving | 19,582 | |
Loans held for investment | 2,158,912 | 1,799,873 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 391,589 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 141,456 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 363,115 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 296,954 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 193,795 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 267,793 | |
Financing Receivable, Revolving | 1,026 | |
Loans held for investment | 1,655,728 | 1,395,569 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Pass [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176,131 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 70,525 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 41,413 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 54,839 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 71,404 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 70,316 | |
Financing Receivable, Revolving | 18,556 | |
Loans held for investment | 503,184 | 404,304 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,198 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 10,569 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 20,228 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,042 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 121,673 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 165,710 | 319,881 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,198 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 3,583 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 6,919 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 12,042 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 121,673 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 145,415 | 259,263 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Special Mention [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 6,986 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 13,309 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 20,295 | 60,618 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 135 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,168 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,819 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 30,107 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 34,229 | 47,715 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 135 | |
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 | 2,819 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 30,107 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 33,061 | 47,399 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Substandard [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,168 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,168 | 316 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Doubtful [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Loss [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 57,999 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 61,226 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,924 | |
Financing Receivable, Revolving | 6,790 | |
Loans held for investment | 132,953 | 138,999 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9,463 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 18,385 | |
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 | 6,924 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 34,772 | 43,133 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 48,536 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42,841 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14 | |
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 | 6,790 | |
Loans held for investment | 98,181 | 95,866 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 57,999 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 61,226 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,031 | |
Financing Receivable, Revolving | 6,790 | |
Loans held for investment | 130,060 | 133,932 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 9,463 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 18,385 | |
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 | 4,031 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 31,879 | 38,066 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 48,536 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 42,841 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 14 | |
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 | 6,790 | |
Loans held for investment | 98,181 | 95,866 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 765 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 765 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,893 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,893 | 4,302 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,893 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,893 | 4,302 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Loss [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | $ 0 | $ 0 |
LOANS HELD FOR INVESTMENT - C_4
LOANS HELD FOR INVESTMENT - Corporation's Residential Mortgage Loans By Origination Year Based on Accrual Status (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | $ 11,552,825 | $ 11,060,658 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 9,464,474 | 9,113,918 |
Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 2,088,351 | 1,946,740 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 256,296 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 125,604 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 64,092 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 80,953 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 114,093 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,206,252 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,847,290 | 2,978,895 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 256,296 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 125,569 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 64,092 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 80,462 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 113,337 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,164,762 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,804,518 | 2,923,768 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 35 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 491 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 756 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 41,490 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 42,772 | 55,127 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 173,328 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 76,125 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32,687 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 49,537 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 76,348 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,009,875 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,417,900 | 2,549,573 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 173,328 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 76,090 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 32,687 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 49,318 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 76,069 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,974,937 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,382,429 | 2,501,598 |
Residential Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 35 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 219 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 279 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 34,938 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 35,471 | 47,975 |
Residential Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 82,968 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49,479 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,405 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,416 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37,745 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 196,377 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 429,390 | 429,322 |
Residential Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 82,968 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49,479 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,405 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,144 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37,268 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 189,825 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 422,089 | 422,170 |
Residential Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 272 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 477 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,552 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 7,301 | 7,152 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 700 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 693 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 802 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,407 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,784 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 110,772 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 118,158 | 125,392 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 700 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 693 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 802 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,407 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,784 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 110,772 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 118,158 | 125,392 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 700 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 693 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 802 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,407 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,784 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 110,030 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 117,416 | 124,652 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 700 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 693 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 802 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 1,407 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 3,784 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 110,030 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 117,416 | 124,652 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 742 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 742 | 740 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 742 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 742 | 740 |
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 255,596 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 124,911 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 63,290 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 79,546 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 110,309 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,095,480 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,729,132 | 2,853,503 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 255,596 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 124,876 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 63,290 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 79,055 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 109,553 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,053,990 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,686,360 | 2,798,376 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 35 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 491 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 756 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 41,490 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 42,772 | 55,127 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 172,628 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 75,432 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,885 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 48,130 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,564 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,899,845 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,300,484 | 2,424,921 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 172,628 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 75,397 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,885 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 47,911 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 72,285 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,864,907 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 2,265,013 | 2,376,946 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 35 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 219 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 279 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 34,938 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 35,471 | 47,975 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 82,968 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49,479 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,405 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,416 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37,745 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 195,635 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 428,648 | 428,582 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 82,968 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 49,479 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 31,405 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 31,144 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 37,268 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 189,083 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 421,347 | 421,430 |
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 272 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 477 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,552 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | $ 7,301 | $ 7,152 |
LOANS HELD FOR INVESTMENT - C_5
LOANS HELD FOR INVESTMENT - Corporation's Consumer Loans by Origination Year Based on Accrual Status (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | $ 11,552,825 | $ 11,060,658 |
Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 9,464,474 | 9,113,918 |
Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans held for investment | 2,088,351 | 1,946,740 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,225,547 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 784,011 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 383,627 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 356,823 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 178,517 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 75,660 | |
Financing Receivable, Revolving | 323,283 | |
Loans held for investment | 3,327,468 | 2,888,044 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,222,948 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 781,168 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 381,530 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 353,688 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 176,580 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 73,634 | |
Financing Receivable, Revolving | 323,114 | |
Loans held for investment | 3,312,662 | 2,877,590 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,599 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,843 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,097 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,135 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,937 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,026 | |
Financing Receivable, Revolving | 169 | |
Loans held for investment | 14,806 | 10,454 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,225,244 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 783,709 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 383,154 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 356,518 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 176,109 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 72,032 | |
Financing Receivable, Revolving | 320,723 | |
Loans held for investment | 3,317,489 | 2,872,384 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,222,645 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 780,866 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 381,057 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 353,383 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 174,208 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 70,067 | |
Financing Receivable, Revolving | 320,652 | |
Loans held for investment | 3,302,878 | 2,862,063 |
Consumer Portfolio Segment [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 2,599 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,843 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 2,097 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 3,135 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,901 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,965 | |
Financing Receivable, Revolving | 71 | |
Loans held for investment | 14,611 | 10,321 |
Consumer Portfolio Segment [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 303 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 302 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 473 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,408 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,628 | |
Financing Receivable, Revolving | 2,560 | |
Loans held for investment | 9,979 | 15,660 |
Consumer Portfolio Segment [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 303 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 302 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 473 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,372 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,567 | |
Financing Receivable, Revolving | 2,462 | |
Loans held for investment | 9,784 | 15,527 |
Consumer Portfolio Segment [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 36 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 61 | |
Financing Receivable, Revolving | 98 | |
Loans held for investment | 195 | 133 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 675,811 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 513,090 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 255,792 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 209,158 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 102,762 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 41,458 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,798,071 | 1,571,540 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 674,145 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 510,950 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 254,196 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 206,650 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 101,341 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 40,117 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,787,399 | 1,564,856 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,666 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,140 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,596 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,508 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,421 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,341 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 10,672 | 6,684 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 675,811 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 513,090 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 255,792 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 208,853 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 100,393 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 40,439 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,794,378 | 1,562,781 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 674,145 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 510,950 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 254,196 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 206,345 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 99,008 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 39,138 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,783,782 | 1,556,097 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 1,666 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 2,140 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 1,596 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 2,508 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 1,385 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,301 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 10,596 | 6,684 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,369 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 1,019 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 3,693 | 8,759 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 2,333 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 979 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 3,617 | 8,759 |
Consumer Portfolio Segment [Member] | Auto loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 36 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 40 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 76 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 293,171 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 192,688 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 88,501 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 81,405 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 48,716 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,749 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 718,230 | 575,005 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 292,995 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 192,435 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 88,196 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 81,186 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 48,332 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,441 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 716,585 | 574,139 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 219 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 384 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 308 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,645 | 866 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 293,171 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 192,688 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 88,501 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 81,405 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 48,716 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,749 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 718,230 | 575,005 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 292,995 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 192,435 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 88,196 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 81,186 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 48,332 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,441 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 716,585 | 574,139 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 253 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 305 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 219 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 384 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 308 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,645 | 866 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Finance Leases [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176,477 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 56,313 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 29,464 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 54,200 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 22,950 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,842 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 353,246 | 316,182 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176,129 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 56,064 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 29,329 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 53,911 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 22,838 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,727 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 351,998 | 314,974 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 348 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 249 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 135 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 289 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 115 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,248 | 1,208 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 176,223 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 56,242 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 29,455 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 54,200 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 22,950 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,842 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 352,912 | 316,075 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 175,875 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 55,993 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 29,320 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 53,911 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 22,838 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 13,727 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 351,664 | 314,867 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 348 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 249 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 135 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 289 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 112 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 115 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 1,248 | 1,208 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 254 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 71 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 334 | 107 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 254 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 71 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 334 | 107 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 311,731 | |
Loans held for investment | 311,731 | 290,226 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 311,731 | |
Loans held for investment | 311,731 | 290,226 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 311,731 | |
Loans held for investment | 311,731 | 290,226 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 311,731 | |
Loans held for investment | 311,731 | 290,226 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Credit Card Receivables [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 0 | |
Financing Receivable, Revolving | 0 | |
Loans held for investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 80,088 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,920 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,870 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 12,060 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,089 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,611 | |
Financing Receivable, Revolving | 11,552 | |
Loans held for investment | 146,190 | 135,091 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 79,679 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,719 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,809 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 11,941 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,069 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 6,349 | |
Financing Receivable, Revolving | 11,383 | |
Loans held for investment | 144,949 | 133,395 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 409 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 61 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 119 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 20 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 262 | |
Financing Receivable, Revolving | 169 | |
Loans held for investment | 1,241 | 1,696 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 80,039 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,689 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,406 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 12,060 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,050 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 4,002 | |
Financing Receivable, Revolving | 8,992 | |
Loans held for investment | 140,238 | 128,297 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 79,630 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 21,488 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 9,345 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 11,941 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 4,030 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 3,761 | |
Financing Receivable, Revolving | 8,921 | |
Loans held for investment | 139,116 | 126,734 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Puerto Rico and Virgin Islands regions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 409 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 201 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 61 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 119 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 20 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 241 | |
Financing Receivable, Revolving | 71 | |
Loans held for investment | 1,122 | 1,563 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 49 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 231 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 464 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 39 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,609 | |
Financing Receivable, Revolving | 2,560 | |
Loans held for investment | 5,952 | 6,794 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 49 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 231 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 464 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 39 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 2,588 | |
Financing Receivable, Revolving | 2,462 | |
Loans held for investment | 5,833 | 6,661 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Florida region [Member} | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Originated in Current Fiscal Year | 0 | |
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Two Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Three Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Four Years before Latest Fiscal Year | 0 | |
Financing Receivable, Originated Five or More Years before Latest Fiscal Year | 21 | |
Financing Receivable, Revolving | 98 | |
Loans held for investment | $ 119 | $ 133 |
LOANS HELD FOR INVESTMENT - Col
LOANS HELD FOR INVESTMENT - Collateral Dependent Lons Individually Evaluated For Purposes of Determing the ACL (Detail) - Collateral Pledged [Member] - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | $ 40,448 | $ 68,320 |
Related Specific Allowance | 3,820 | 5,887 |
Amortized Cost no ACL | 81,063 | 92,982 |
Amortized Cost | 121,511 | 161,302 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 36,206 | 51,771 |
Related Specific Allowance | 2,571 | 3,966 |
Amortized Cost no ACL | 0 | 781 |
Amortized Cost | 36,206 | 52,552 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 1,513 | 5,781 |
Related Specific Allowance | 322 | 670 |
Amortized Cost no ACL | 17,590 | 34,043 |
Amortized Cost | 19,103 | 39,824 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 2,466 | 9,908 |
Related Specific Allowance | 897 | 1,152 |
Amortized Cost no ACL | 62,453 | 56,361 |
Amortized Cost | 64,919 | 66,269 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 0 | 0 |
Related Specific Allowance | 0 | 0 |
Amortized Cost no ACL | 956 | 1,797 |
Amortized Cost | 956 | 1,797 |
Consumer Portfolio Segment [Member] | Personal Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 56 | 78 |
Related Specific Allowance | 1 | 1 |
Amortized Cost no ACL | 64 | 0 |
Amortized Cost | 120 | 78 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Amortized Cost with ACL | 207 | 782 |
Related Specific Allowance | 29 | 98 |
Amortized Cost no ACL | 0 | 0 |
Amortized Cost | $ 207 | $ 782 |
LOANS HELD FOR INVESTMENT - Add
LOANS HELD FOR INVESTMENT - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Sep. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable Unamortized Loan Fee Cost | $ 11,200 | $ 4,300 | ||||
Financing Receivable, before Allowance for Credit Loss | 11,552,825 | 11,060,658 | ||||
Interest Receivable | 69,730 | 61,507 | ||||
Financing Receivable Allowance For Credit Losses | $ 385,887 | 260,464 | 269,030 | $ 385,887 | $ 155,139 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 57,330 | 80,710 | 64,540 | |||
Loans and finance leases | 25,679 | (61,720) | 168,717 | |||
Interest Income Recognized on Nonaccrual Loans | 1,500 | 2,300 | 2,000 | |||
Finance lease, unearned income | 99,200 | 75,800 | ||||
Unearned income | 103,400 | 79,000 | ||||
Asset Pledged as Collateral [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 4,300,000 | 4,100,000 | ||||
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 1,800,000 | 1,800,000 | ||||
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,200,000 | 2,100,000 | ||||
TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 36,319 | 366,700 | 36,319 | |||
Puerto Rico [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross | 9,367,032 | $ 9,097,013 | 8,755,434 | 9,367,032 | ||
Puerto Rico [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Credit risk concentration | 79% | |||||
United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 2,088,351 | 1,946,740 | ||||
Loans and Leases Receivable, Gross | 1,993,797 | $ 2,088,351 | 1,948,716 | 1,993,797 | ||
United States [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Credit risk concentration | 18% | |||||
USVI and BVI [Member] | Product Concentration Risk [Member] | Loan Portfolio [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Credit risk concentration | 3% | |||||
USVI [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and Leases Receivable, Gross | 466,749 | $ 379,767 | 391,663 | 466,749 | ||
Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 328,100 | 363,400 | ||||
Nonaccrual loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable Accrued Interest Writeoff | $ 1,700 | $ 2,000 | 1,900 | |||
Collateral Pledged [Member] | Weighted Average [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
LTV Coverage % | 70% | 78% | ||||
Loans and Finance Receivables [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Interest Receivable | $ 53,100 | $ 48,100 | ||||
Commercial And Industrial Sector [Member] | Collateral Pledged [Member] | Puerto Rico [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Increase (decrease) in loans | $ 16,200 | |||||
Commercial And Industrial Sector [Member] | Collateral Pledged [Member] | Weighted Average [Member] | Puerto Rico [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
LTV Coverage % | 116% | |||||
GNMA [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans pooled amount | 219,600 | $ 144,500 | 190,800 | 219,600 | ||
Recognized gain on sale | 4,200 | 8,800 | 9,900 | |||
Residential Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Servicing Portfolio | 3,900,000 | 4,000,000 | ||||
Financing Receivable, before Allowance for Credit Loss | 2,847,290 | 2,978,895 | ||||
Residential mortgage loans in process of foreclosure | $ 72,400 | |||||
Loans Foreclosure Delinquency Threshold | 120 days | |||||
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block] | The commences 120 procedures foreclosures may be delayed due to, among other reasons, mandatory | |||||
Financing Receivable Allowance For Credit Losses | 120,311 | $ 62,760 | 74,837 | 120,311 | 44,806 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 6,890 | 33,294 | 11,017 | |||
Loans and finance leases | (8,734) | (16,957) | 22,427 | |||
Residential Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PRHFA [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 84,700 | 92,800 | ||||
Residential Portfolio Segment [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 429,390 | 429,322 | ||||
Residential Portfolio Segment [Member] | Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,804,518 | 2,923,768 | ||||
Residential Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 422,089 | 422,170 | ||||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 42,772 | 55,127 | ||||
Financing Receivable, Sale | $ 54,500 | |||||
Financing Receivable Significant Sales Book Value | 52,500 | |||||
Escrow Deposit Related To Loans Sold | 2,000 | |||||
Proceeds From Sale Of Loans Receivable | $ 31,500 | |||||
Financing Receivable, Percent Of Book Value Before Reserves | 58% | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | $ 23,100 | |||||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | Loans Sold [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | 20,900 | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 23,100 | |||||
Loans and finance leases | $ 2,100 | |||||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 7,301 | 7,152 | ||||
Residential Portfolio Segment [Member] | PCD loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 101,700 | |||||
Residential mortgage loans in process of foreclosure | 10,000 | |||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,729,132 | 2,853,503 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 8,307 | 240,600 | 8,307 | |||
Loans in trial | 700 | |||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 428,648 | 428,582 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,686,360 | 2,798,376 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Performing loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 421,347 | 421,430 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 42,772 | 55,127 | ||||
Residential Portfolio Segment [Member] | Conventional residential mortgage loans [Member] | Nonaccrual loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 7,301 | 7,152 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 118,158 | 125,392 | ||||
Residential mortgage loans in process of foreclosure | 29,400 | |||||
Financing Receivable, Troubled Debt Restructuring | 53,900 | 57,600 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 742 | 740 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 118,158 | 125,392 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Performing loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 742 | 740 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 | ||||
Residential Portfolio Segment [Member] | FHA/VA government-guaranteed loans [Member] | Nonaccrual loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 0 | 0 | ||||
Residential Portfolio Segment [Member] | FNMA and FHLMC Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Purchase | 400 | 300 | 42 | |||
Residential Portfolio Segment [Member] | FNMA and FHLMC Loans | Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gain from sale of loans | 4,200 | 11,400 | 8,300 | |||
Residental mortgage loans sold | 93,800 | 328,200 | 255,000 | |||
Residential Portfolio Segment [Member] | GNMA [Member] | Repurchase Option Program [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 10,400 | 7,200 | ||||
Financing Receivable, Purchase | 8,200 | 1,100 | 55,000 | |||
Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Servicing Portfolio | 305,100 | 383,500 | ||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 169,800 | 178,400 | ||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | PREPA [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 10,800 | |||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Property Tax Revenue [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 102,700 | |||||
Commercial Portfolio Segment [Member] | Puerto Rico [Member] | Government [Member] | Municipal Special Obligation Bond [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 28,900 | |||||
Commercial Portfolio Segment [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Sale | 43,100 | |||||
Commercial Portfolio Segment [Member] | USVI [Member] | Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 38,000 | 39,200 | ||||
Commercial Portfolio Segment [Member] | COVID-19 [Member] | Federal Home Loan Bank Of New York [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Sale | 175,100 | |||||
Loan Originations | 184,400 | |||||
Loan Originations Number Of Agreements | 23 | |||||
Commercial Portfolio Segment [Member] | PCD loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 1,900 | |||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 132,953 | 138,999 | ||||
Financing Receivable Allowance For Credit Losses | 5,380 | 2,308 | 4,048 | 5,380 | 2,370 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 123 | 87 | 76 | |||
Loans and finance leases | (2,342) | (1,408) | 2,105 | |||
Commercial Portfolio Segment [Member] | Construction loans [Member] | TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 0 | 1,200 | 0 | |||
Commercial Portfolio Segment [Member] | Construction loans [Member] | Puerto Rico [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Sale | 3,100 | |||||
Commercial Portfolio Segment [Member] | Construction loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 98,181 | 95,866 | ||||
Commercial Portfolio Segment [Member] | Central Government [Member] | Puerto Rico [Member] | Government [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 27,400 | |||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,358,851 | 2,167,469 | ||||
Financing Receivable Allowance For Credit Losses | 109,342 | 35,064 | 52,771 | 109,342 | 39,194 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 85 | 1,494 | 3,330 | |||
Loans and finance leases | (18,994) | (55,358) | 81,125 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 824 | 63,300 | 824 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 524,647 | 465,238 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 2,886,263 | 2,887,251 | ||||
Financing Receivable Allowance For Credit Losses | 37,944 | 32,906 | 34,284 | 37,944 | 15,198 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 2,067 | 1,887 | 3,634 | |||
Loans and finance leases | (1,770) | (8,549) | 6,627 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 22,524 | 49,600 | 22,524 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Puerto Rico [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Sale | 35,200 | |||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 1,026,154 | 940,654 | ||||
Financing Receivable, Purchase | 135,400 | 174,700 | 40,000 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | United States [Member] | Criticized [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Sale | 23,900 | |||||
Consumer Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 3,327,468 | 2,888,044 | ||||
Financing Receivable Allowance For Credit Losses | $ 112,910 | 127,426 | 103,090 | 112,910 | $ 53,571 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 48,165 | 43,948 | 46,483 | |||
Loans and finance leases | 57,519 | 20,552 | $ 56,433 | |||
Consumer Portfolio Segment [Member] | TDR [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Troubled Debt Restructuring | 12,000 | |||||
Outstanding unfunded commitments on TDR loans | 4 | |||||
Consumer Portfolio Segment [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 9,979 | 15,660 | ||||
Consumer Portfolio Segment [Member] | Performing loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 3,312,662 | 2,877,590 | ||||
Consumer Portfolio Segment [Member] | Performing loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 9,784 | 15,527 | ||||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | 14,806 | 10,454 | ||||
Consumer Portfolio Segment [Member] | Nonaccrual loans [Member] | United States [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, before Allowance for Credit Loss | $ 195 | $ 133 |
LOANS HELD FOR INVESTMENT - Sel
LOANS HELD FOR INVESTMENT - Selected Information on TDRs includes Recorded Investment by Loan Class and Modification Type (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | $ 23,616 | $ 34,216 | $ 36,319 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 7,100 | 7,594 | 8,307 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 4,928 | 9,908 | 22,524 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 5,890 | 11,223 | 824 |
Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 3,454 | 2,598 | 2,623 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 591 | 697 | 408 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 394 | 504 | 305 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 816 | 1,426 | 783 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 443 | 266 | 545 |
Interest rate below market [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 5,923 | 2,376 | 2,208 |
Interest rate below market [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 433 | 365 | 18 |
Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 2,402 | 0 | 31 |
Interest rate below market [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Interest rate below market [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Interest rate below market [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 2,877 | 1,888 | 1,902 |
Interest rate below market [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Interest rate below market [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 99 | 13 | 38 |
Interest rate below market [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Interest rate below market [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 112 | 110 | 219 |
Maturity or term extension [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 3,044 | 2,376 | 1,523 |
Maturity or term extension [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 1,551 | 859 | 545 |
Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 300 | 0 |
Maturity or term extension [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 245 | 0 | 0 |
Maturity or term extension [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Maturity or term extension [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 232 | 433 | 413 |
Maturity or term extension [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 573 | 645 | 408 |
Maturity or term extension [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 171 | 60 | 74 |
Maturity or term extension [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Maturity or term extension [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 272 | 79 | 83 |
Combination of reduction in interest rateand extension of maturity [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 6,504 | 23,023 | 6,866 |
Combination of reduction in interest rateand extension of maturity [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 242 | 2,647 | 2,044 |
Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 618 | 9,100 | 4,107 |
Combination of reduction in interest rateand extension of maturity [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 5,178 | 10,586 | 271 |
Combination of reduction in interest rateand extension of maturity [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Combination of reduction in interest rateand extension of maturity [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 345 | 277 | 275 |
Combination of reduction in interest rateand extension of maturity [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 26 | 0 |
Combination of reduction in interest rateand extension of maturity [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 105 | 387 | 145 |
Combination of reduction in interest rateand extension of maturity [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Combination of reduction in interest rateand extension of maturity [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 16 | 0 | 24 |
Forgiveness of principal and/or interest [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 868 | 77 | 219 |
Forgiveness of principal and/or interest [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 825 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Forgiveness of principal and/or interest [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 43 | 77 | 219 |
Forbearance Agreement [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 18,386 | ||
Forbearance Agreement [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 18,386 | ||
Forbearance Agreement [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Forbearance Agreement [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | ||
Other Loan Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 7,277 | 6,364 | 7,117 |
Other Loan Modifications [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 4,874 | 3,723 | 5,700 |
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 1,083 | 508 | 0 |
Other Loan Modifications [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 467 | 637 | 553 |
Other Loan Modifications [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Other Loan Modifications [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 33 |
Other Loan Modifications [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 18 | 26 | 0 |
Other Loan Modifications [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 19 | 44 | 48 |
Other Loan Modifications [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 816 | 1,426 | 783 |
Other Loan Modifications [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Entity Loan Modification Program [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 23,616 | 34,216 | 36,319 |
Entity Loan Modification Program [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 7,100 | 7,594 | 8,307 |
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 4,928 | 9,908 | 22,524 |
Entity Loan Modification Program [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 5,890 | 11,223 | 824 |
Entity Loan Modification Program [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Entity Loan Modification Program [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 3,454 | 2,598 | 2,623 |
Entity Loan Modification Program [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 591 | 697 | 408 |
Entity Loan Modification Program [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 394 | 504 | 305 |
Entity Loan Modification Program [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 443 | 266 | 545 |
Entity Loan Modification Program [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | $ 816 | $ 1,426 | $ 783 |
LOANS HELD FOR INVESTMENT - L_3
LOANS HELD FOR INVESTMENT - Loan Modifications are Considered TDRs (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) numberofcontracts | Dec. 31, 2021 USD ($) numberofcontracts | Dec. 31, 2020 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | $ 23,616 | $ 34,216 | $ 36,319 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 7,100 | 7,594 | 8,307 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 4,928 | 9,908 | 22,524 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 5,890 | 11,223 | 824 |
Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 3,454 | 2,598 | 2,623 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 591 | 697 | 408 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 394 | 504 | 305 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | 443 | 266 | 545 |
Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Post-Modification Outstanding Recorded Investment | $ 816 | $ 1,426 | $ 783 |
TDR [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 600 | 612 | 648 |
Pre-modification Outstanding Recorded Investment | $ 23,829 | $ 34,485 | $ 37,140 |
Post-Modification Outstanding Recorded Investment | $ 23,616 | $ 34,216 | $ 36,319 |
TDR [Member] | Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 68 | 66 | 103 |
Pre-modification Outstanding Recorded Investment | $ 7,165 | $ 7,687 | $ 9,027 |
Post-Modification Outstanding Recorded Investment | $ 7,100 | $ 7,594 | $ 8,307 |
TDR [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 17 | 6 | 14 |
Pre-modification Outstanding Recorded Investment | $ 5,156 | $ 10,031 | $ 22,544 |
Post-Modification Outstanding Recorded Investment | $ 4,928 | $ 9,908 | $ 22,524 |
TDR [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 3 | 7 | 5 |
Pre-modification Outstanding Recorded Investment | $ 5,897 | $ 11,285 | $ 824 |
Post-Modification Outstanding Recorded Investment | $ 5,890 | $ 11,223 | $ 824 |
TDR [Member] | Construction loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 0 | 0 | 0 |
Pre-modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 |
TDR [Member] | Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 168 | 134 | 163 |
Pre-modification Outstanding Recorded Investment | $ 3,404 | $ 2,601 | $ 2,635 |
Post-Modification Outstanding Recorded Investment | $ 3,454 | $ 2,598 | $ 2,623 |
TDR [Member] | Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 33 | 42 | 29 |
Pre-modification Outstanding Recorded Investment | $ 592 | $ 692 | $ 408 |
Post-Modification Outstanding Recorded Investment | $ 591 | $ 697 | $ 408 |
TDR [Member] | Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 26 | 46 | 30 |
Pre-modification Outstanding Recorded Investment | $ 366 | $ 497 | $ 306 |
Post-Modification Outstanding Recorded Investment | $ 394 | $ 504 | $ 305 |
TDR [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 170 | 246 | 159 |
Pre-modification Outstanding Recorded Investment | $ 815 | $ 1,426 | $ 783 |
Post-Modification Outstanding Recorded Investment | $ 816 | $ 1,426 | $ 783 |
TDR [Member] | Credit Card Receivables [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 115 | 65 | 145 |
Pre-modification Outstanding Recorded Investment | $ 434 | $ 266 | $ 613 |
Post-Modification Outstanding Recorded Investment | $ 443 | $ 266 | $ 545 |
LOANS HELD FOR INVESTMENT - L_4
LOANS HELD FOR INVESTMENT - Loan Modifications Considered Troubled Debt Restructurings Defaulted (Detail) - TDR [Member] $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) numberofcontracts | Dec. 31, 2021 USD ($) numberofcontracts | Dec. 31, 2020 USD ($) numberofcontracts | |
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 135 | 128 | 145 |
Recorded investment | $ | $ 2,375 | $ 1,797 | $ 1,850 |
Residential Portfolio Segment [Member] | Conventional Loan [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 2 | 0 | 4 |
Recorded investment | $ | $ 124 | $ 0 | $ 465 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 0 | 0 | 3 |
Recorded investment | $ | $ 0 | $ 0 | $ 124 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 0 | 0 | 0 |
Recorded investment | $ | $ 0 | $ 0 | $ 0 |
Construction Loans [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 0 | 0 | 0 |
Recorded investment | $ | $ 0 | $ 0 | $ 0 |
Auto loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 96 | 92 | 55 |
Recorded investment | $ | $ 2,049 | $ 1,625 | $ 947 |
Finance Leases [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 1 | 0 | 1 |
Recorded investment | $ | $ 16 | $ 0 | $ 5 |
Personal Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 0 | 1 | 1 |
Recorded investment | $ | $ 0 | $ 1 | $ 7 |
Credit Cards | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 28 | 24 | 23 |
Recorded investment | $ | $ 156 | $ 126 | $ 93 |
Other Loans [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of contracts | numberofcontracts | 8 | 11 | 58 |
Recorded investment | $ | $ 30 | $ 45 | $ 209 |
ALLOWANCE FOR CREDIT LOSSES O_3
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LOSSES - Activity in ACL on loans and finance leases (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||||
Sep. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | |
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | $ 269,030 | $ 385,887 | $ 155,139 | ||
Allowance established for acquired PCD loans | $ 28,744 | ||||
Provision for credit losses - (benefit) expense | 25,679 | (61,720) | 168,717 | ||
Charge-offs | (57,330) | (80,710) | (64,540) | ||
Recoveries | 23,085 | 25,573 | 16,662 | ||
Ending balance | 260,464 | 269,030 | 385,887 | ||
ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | $ 81,165 | ||||
Residential Portfolio Segment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | 74,837 | 120,311 | 44,806 | ||
Allowance established for acquired PCD loans | 12,739 | ||||
Provision for credit losses - (benefit) expense | (8,734) | (16,957) | 22,427 | ||
Charge-offs | (6,890) | (33,294) | (11,017) | ||
Recoveries | 3,547 | 4,777 | 1,519 | ||
Ending balance | 62,760 | 74,837 | 120,311 | ||
Residential Portfolio Segment [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | 49,837 | ||||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | 34,284 | 37,944 | 15,198 | ||
Allowance established for acquired PCD loans | 1,830 | ||||
Provision for credit losses - (benefit) expense | (1,770) | (8,549) | 6,627 | ||
Charge-offs | (2,067) | (1,887) | (3,634) | ||
Recoveries | 2,459 | 6,776 | 3,192 | ||
Ending balance | 32,906 | 34,284 | 37,944 | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | 14,731 | ||||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | 52,771 | 109,342 | 39,194 | ||
Allowance established for acquired PCD loans | 9,723 | ||||
Provision for credit losses - (benefit) expense | (18,994) | (55,358) | 81,125 | ||
Charge-offs | (85) | (1,494) | (3,330) | ||
Recoveries | 1,372 | 281 | 1,936 | ||
Ending balance | 35,064 | 52,771 | 109,342 | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | (19,306) | ||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | 4,048 | 5,380 | 2,370 | ||
Allowance established for acquired PCD loans | 0 | ||||
Provision for credit losses - (benefit) expense | (2,342) | (1,408) | 2,105 | ||
Charge-offs | (123) | (87) | (76) | ||
Recoveries | 725 | 163 | 184 | ||
Ending balance | 2,308 | 4,048 | 5,380 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | 797 | ||||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Beginning balance | 103,090 | 112,910 | 53,571 | ||
Allowance established for acquired PCD loans | $ 4,452 | ||||
Provision for credit losses - (benefit) expense | 57,519 | 20,552 | 56,433 | ||
Charge-offs | (48,165) | (43,948) | (46,483) | ||
Recoveries | 14,982 | 13,576 | 9,831 | ||
Ending balance | $ 127,426 | $ 103,090 | $ 112,910 | ||
Consumer Portfolio Segment [Member] | ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Impact of adopting ASC 326 | $ 35,106 |
ALLOWANCE FOR CREDIT LOSSES O_4
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LOSSES - Activity in ACL on loans and finance leases (Parenthetical) (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Sep. 01, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | $ 25,679 | $ (61,720) | $ 168,717 | |
Non-PCD | Santander [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | $ 37,500 | |||
Residential Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | (8,734) | (16,957) | 22,427 | |
Residential Portfolio Segment [Member] | Non-PCD | Santander [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | 13,500 | |||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | (1,770) | (8,549) | 6,627 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | (18,994) | (55,358) | 81,125 | |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Non-PCD | Santander [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | 9,200 | |||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | $ 57,519 | $ 20,552 | $ 56,433 | |
Consumer Portfolio Segment [Member] | Non-PCD | Santander [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | 10,200 | |||
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Santander [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Provision for credit losses - (benefit) expense | $ 4,600 |
ALLOWANCE FOR CREDIT LOSSES O_5
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES - Carrying Amount of Portfolios (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 11,552,825 | $ 11,060,658 | ||
Allowance for credit losses | 260,464 | 269,030 | $ 385,887 | $ 155,139 |
Residenital Mortgage Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | 2,847,290 | 2,978,895 | ||
Allowance for credit losses | $ 62,760 | $ 74,837 | 120,311 | 44,806 |
Residenital Mortgage Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 2.20% | 2.51% | ||
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 2,886,263 | $ 2,887,251 | ||
Allowance for credit losses | $ 32,906 | $ 34,284 | 37,944 | 15,198 |
Commercial Portfolio Segment [Member] | Commercial And Industrial Sector [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 1.14% | 1.19% | ||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 2,358,851 | $ 2,167,469 | ||
Allowance for credit losses | $ 35,064 | $ 52,771 | 109,342 | 39,194 |
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 1.49% | 2.43% | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 132,953 | $ 138,999 | ||
Allowance for credit losses | $ 2,308 | $ 4,048 | 5,380 | 2,370 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 1.74% | 2.91% | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Amortized cost of loans | $ 3,327,468 | $ 2,888,044 | ||
Allowance for credit losses | $ 127,426 | $ 103,090 | $ 112,910 | $ 53,571 |
Consumer Portfolio Segment [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 3.83% | 3.57% | ||
Loan Total [Member] | Allowance for loan and lease losses, numerator [Member] | Amortized cost, denominator [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Allowance for credit losses to amortized cost | 2.25% | 2.43% |
ALLOWANCE FOR CREDIT LOSSES O_6
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES - Carrying Amount of Portfolios (Parenthetical) (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 11,552,825 | $ 11,060,658 |
Commercial Portfolio Segment [Member] | COVID-19 [Member] | Small Business Administration [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Financing Receivable, before Allowance for Credit Loss | $ 6,800 | $ 145,000 |
ALLOWANCE FOR CREDIT LOSSES O_7
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LOSSES - Activity in ACL for unfunded loan commitments and standby letters of credit (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Beginning balance | $ 1,537 | $ 5,105 | $ 0 | |
Provision for credit losses - expense (benefit) | 2,736 | (3,568) | 1,183 | |
Ending balance | 4,273 | 1,537 | $ 5,105 | |
ASC 326 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Impact of adopting CECL | $ 0 | $ 0 | $ 3,922 |
ALLOWANCE FOR CREDIT LOSSES O_8
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND FINANCE LEASES - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Sep. 01, 2020 | Sep. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | $ 260,464 | $ 269,030 | $ 385,887 | $ 155,139 | ||
Increase (decrease) in ACL | (8,500) | |||||
Provision for credit losses - (benefit) expense | 25,679 | (61,720) | 168,717 | |||
Net charge-offs | 34,200 | |||||
Increase (decrease) in net charge-offs | (20,900) | |||||
Recoveries | 23,085 | 25,573 | 16,662 | |||
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | 2,736 | (3,568) | 1,183 | |||
Off-Balance Sheet, Credit Loss, Liability | 4,273 | 1,537 | 5,105 | 0 | ||
Charge-offs | 57,330 | 80,710 | 64,540 | |||
Residential Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | 62,760 | 74,837 | 120,311 | 44,806 | ||
Increase (decrease) in ACL | (12,000) | |||||
Provision for credit losses - (benefit) expense | (8,734) | (16,957) | 22,427 | |||
Increase (decrease) in net charge-offs | (25,200) | |||||
Recoveries | 3,547 | 4,777 | 1,519 | |||
Charge-offs | 6,890 | 33,294 | 11,017 | |||
Residential Portfolio Segment [Member] | Nonaccrual loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Charge-offs | $ 23,100 | |||||
Commercial Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Increase (decrease) in ACL | (20,800) | |||||
Increase (decrease) in net charge-offs | 1,500 | |||||
Amount of reserve released associated with classified loans | 4,800 | |||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | 2,308 | 4,048 | 5,380 | 2,370 | ||
Provision for credit losses - (benefit) expense | (2,342) | (1,408) | 2,105 | |||
Recoveries | 725 | 163 | 184 | |||
Charge-offs | 123 | 87 | 76 | |||
Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | 35,064 | 52,771 | 109,342 | 39,194 | ||
Provision for credit losses - (benefit) expense | (18,994) | (55,358) | 81,125 | |||
Recoveries | 1,372 | 281 | 1,936 | |||
Charge-offs | 85 | 1,494 | 3,330 | |||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Financing Receivable Allowance For Credit Losses | 127,426 | 103,090 | 112,910 | $ 53,571 | ||
Increase (decrease) in ACL | 24,300 | |||||
Provision for credit losses - (benefit) expense | 57,519 | 20,552 | 56,433 | |||
Increase (decrease) in net charge-offs | 2,800 | |||||
Recoveries | 14,982 | 13,576 | 9,831 | |||
Charge-offs | $ 48,165 | $ 43,948 | $ 46,483 | |||
Non-PCD | Santander [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Provision for credit losses - (benefit) expense | $ 37,500 | |||||
Non-PCD | Santander [Member] | Residential Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Provision for credit losses - (benefit) expense | 13,500 | |||||
Non-PCD | Santander [Member] | Commercial Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Provision for credit losses - (benefit) expense | 9,200 | |||||
Non-PCD | Santander [Member] | Consumer Portfolio Segment [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Provision for credit losses - (benefit) expense | $ 10,200 |
PREMISES AND EQUIPMENT (Detail)
PREMISES AND EQUIPMENT (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property Plant And Equipment [Line Items] | ||
Buildings and Improvements | $ 135,802 | $ 138,524 |
Leasehold Improvements | 76,390 | 79,419 |
Furniture, equipment and software | 155,567 | 148,171 |
Property, Plant and Equipment, Gross | 367,759 | 366,114 |
Accumulated depreciation and amortization | (264,233) | (251,659) |
Subtotal | 103,526 | 114,455 |
Land | 24,485 | 23,873 |
Projects in progress | 14,924 | 8,089 |
Premises and equipment, net | $ 142,935 | $ 146,417 |
Minimum [Member] | Building And Improvements [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 10 years | |
Minimum [Member] | Leasehold Improvements [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 1 year | |
Minimum [Member] | Furniture, Equipment And Software [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 2 years | |
Maximum [Member] | Building And Improvements [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 35 years | |
Maximum [Member] | Leasehold Improvements [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 10 years | |
Maximum [Member] | Furniture, Equipment And Software [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 10 years |
PREMISES AND EQUIPMENT- Additio
PREMISES AND EQUIPMENT- Additional information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Impaired Long Lived Assets Held And Used [Line Items] | |||
Depreciation and amortization expense | $ 22,300 | $ 25,000 | $ 20,100 |
Insurance proceeds related to casualty losses | 0 | 550 | 0 |
Gain from insurance proceeds | $ 0 | $ 550 | 5,000 |
Insurance proceeds from final settlement of business interruption insurance claim | 5,000 | ||
Hurricane [Member] | |||
Impaired Long Lived Assets Held And Used [Line Items] | |||
Insurance Recoveries | $ 1,200 |
OTHER REAL ESTATE OWNED- Other
OTHER REAL ESTATE OWNED- Other real estate owned (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Real Estate Properties [Line Items] | ||
OREO | $ 31,641 | $ 40,848 |
Residential [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 24,025 | 29,533 |
Commercial [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | 5,852 | 7,331 |
Commercial [Member] | Construction [Member] | ||
Real Estate Properties [Line Items] | ||
OREO | $ 1,764 | $ 3,984 |
OTHER REAL ESTATE OWNED- Additi
OTHER REAL ESTATE OWNED- Additional information (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 305,633 | $ 234,143 |
Government Guaranteed Mortgage Loans Upon Foreclosure Receivable [Member] | ||
Real Estate Properties [Line Items] | ||
Foreclosures that meet the conditions of ASC Topic 310-40 | $ 23,500 | $ 22,200 |
RELATED PARTY TRANSACTIONS- Mov
RELATED PARTY TRANSACTIONS- Movement and balance of these loans (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) numberofemployees | |
RELATED PARTY TRANSACTIONS [Abstract] | ||
Opening Balance | $ 943 | $ 504 |
New loans | 89 | 286 |
Payments | (149) | (108) |
Other changes | 261 | |
Closing Balance | $ 883 | $ 943 |
Number of new executive officers | numberofemployees | 3 | |
Number of departed executive officers | numberofemployees | 1 |
GOODWILL AND OTHER INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLES - Additional Information (Detail) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finite Lived Intangible Assets [Line Items] | ||||
Goodwill | $ 38,611,000 | $ 38,611,000 | $ 38,632,000 | $ 28,098,000 |
Goodwill impairment | 0 | |||
Amortization of intangible assets | 8,816,000 | 11,407,000 | 5,912,000 | |
Change in carrying amount of goodwill | 0 | |||
Merger and restructuring costs | $ 0 | $ 26,435,000 | $ 26,509,000 | |
Goodwill Impaired Facts And Circumstances Leading To Impairment | The Corporation’s policy is to assess goodwill and other intangibles for impairment on an annual basis during the fourth quarter of each year, and more frequently if events or circumstances lead management to believe that the values of goodwill or other intangibles may be impaired. During the fourth quarter of 2022, management performed a qualitative analysis over the carrying amount of each relevant reporting units’ goodwill and concluded that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying value. This assessment involved identifying the inputs and assumptions that most affect fair value, including evaluating significant and relevant events impacting each reporting entity, and evaluating such factors to determine if a positive assertion can be made that it is more-likely-than-not that the fair value of the reporting units exceeded their carrying amount. In the qualitative assessment performed for each reporting unit, the Corporation evaluated events and circumstances that could impact the fair value including the following: ● Macroeconomic conditions, such as improvement or deterioration in general economic conditions; ● Industry and market considerations; ● Interest rate fluctuations; ● Overall financial performance of the entity; ● Performance of industry peers over the last year; and ● Recent market transactions. Management considered positive and negative evidence obtained during the evaluation of significant events and circumstances and evaluated such information to conclude that it is more likely than not that the reporting unit’s fair value is greater than their carrying amount; thus, quantitative tests were not required. | |||
Impaired Intangible Asset Description | 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. 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 December 31, 2022. |
GOODWILL AND OTHER INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLES - Goodwill by Segment (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Goodwill [Line Items] | ||
Goodwill | $ 38,632 | $ 28,098 |
Mergers and acquisitions | 6,303 | |
Measurement period adjustments | (21) | 4,231 |
Goodwill | 38,611 | 38,632 |
Mortgage Banking [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 959 | 0 |
Mergers and acquisitions | 574 | |
Measurement period adjustments | 53 | 385 |
Goodwill | 1,012 | 959 |
Consumer Retail Banking Segment [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 2,733 | 1,406 |
Mergers and acquisitions | 794 | |
Measurement period adjustments | 74 | 533 |
Goodwill | 2,807 | 2,733 |
Commercial And Corporate Segment [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 8,248 | 0 |
Mergers and acquisitions | 4,935 | |
Measurement period adjustments | (148) | 3,313 |
Goodwill | 8,100 | 8,248 |
United States Operations Segment [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 26,692 | 26,692 |
Mergers and acquisitions | 0 | |
Measurement period adjustments | 0 | 0 |
Goodwill | $ 26,692 | $ 26,692 |
GOODWILL AND OTHER INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLES - Gross Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Finite Lived Intangible Assets [Line Items] | ||
Net carrying amount | $ 21,118 | $ 29,934 |
Core Deposits [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | 87,544 | 87,544 |
Accumulated amortization | (66,644) | (58,973) |
Net carrying amount | $ 20,900 | $ 28,571 |
Remaining amortization period (in years) | 7 years | 8 years |
Customer Relationships [Member] | Credit Card [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | $ 3,800 | $ 3,800 |
Accumulated amortization | (3,595) | (2,602) |
Net carrying amount | $ 205 | $ 1,198 |
Remaining amortization period (in years) | 8 months 12 days | 1 year 8 months 12 days |
Insurance Customer Relationship Intangible [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross amount | $ 1,067 | $ 1,067 |
Accumulated amortization | (1,054) | (902) |
Net carrying amount | $ 13 | $ 165 |
Remaining amortization period (in years) | 1 month 6 days | 1 year 1 month 6 days |
GOODWILL AND OTHER INTANGIBLE_5
GOODWILL AND OTHER INTANGIBLES - Yearly Amortization Expense (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
GOODWILL AND OTHER INTANGIBLES [Abstract] | |
2023 | $ 7,736 |
2024 | 6,416 |
2025 | 3,509 |
2026 | 872 |
2027 | 872 |
2028 and after | $ 1,713 |
NON-CONSOLIDATED VARIABLE INT_3
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Feb. 16, 2011 | Sep. 30, 2004 | Apr. 30, 2004 | Sep. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Gain on early extinguishment of debt | $ 0 | $ 0 | $ 94 | |||||
Servicing Asset at Amortized Cost | 29,037 | 30,986 | $ 33,071 | $ 26,762 | ||||
Servicing Asset At Fair Value Amount | $ 44,710 | $ 42,132 | ||||||
Weighted-average yield | 1.22% | 1.03% | ||||||
Percentage Of Variation In Assumptions | 10% | |||||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Qualitative Information | These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSR is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the sensitivities | |||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 458 | $ 1,105 | ||||||
Junior subordinated debentures | $ 183,762 | $ 183,762 | ||||||
Minimum [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Variation In Assumptions | 10% | |||||||
Maximum [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Variation In Assumptions | 20% | |||||||
FirstBank [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Payment To Be Made On Pro Rata Basis | 65% | |||||||
Prlp [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Payment To Be Made On Pro Rata Basis | 35% | |||||||
Prlp [Member] | Minimum [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Percentage Of Priority Interest To Be Received On Invested Capital | 12% | |||||||
CPG/GS [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Loans and Leases Receivable, Gross | $ 136,100 | |||||||
CPG/GS [Member] | Commercial Portfolio Segment [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Loans held for sale sold | 269,300 | |||||||
CPG/GS [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Cash realized on sale of loan | $ 88,500 | |||||||
CPG/GS [Member] | FirstBank [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Acquired equity interest | 35% | |||||||
Statutory Trust One [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Trust preferred securities repurchased | $ 400 | |||||||
Trust Preferred Purchase Price Percent | 75% | |||||||
Trust Preferred Securties Discount | 25% | |||||||
Gain on early extinguishment of debt | $ 100 | |||||||
Variable Rate Demand Obligation [Member] | Junior Subordinated Debt [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Debt Instrument, Maturity Date, Description | The Junior Subordinated Deferrable Debentures mature on June 17, 2034, and September 20, 2034, respectively; however, under certain circumstances, the maturity of Junior Subordinated Deferrable Debentures may be shortened (such shortening would result in a mandatory redemption of the variable-rate TRuPs). | |||||||
Variable Rate Demand Obligation [Member] | Statutory Trust One [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Proceeds from Issuance of Trust Preferred Securities | $ 100,000 | |||||||
Proceeds of the issuance, together with proceeds of the purchase | 3,100 | |||||||
Principal amount of corporation's junior subordinated deferrable debentures | $ 103,100 | |||||||
Variable Rate Demand Obligation [Member] | Statutory Trust Two [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Proceeds from Issuance of Trust Preferred Securities | $ 125,000 | |||||||
Proceeds of the issuance, together with proceeds of the purchase | 3,900 | |||||||
Principal amount of corporation's junior subordinated deferrable debentures | $ 128,900 | |||||||
MBS [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Weighted-average yield | 1.52% | 1.26% | ||||||
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 83 | $ 797 | ||||||
MBS [Member] | Private label [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Servicing Asset at Amortized Cost | 7,900 | |||||||
Servicing Asset At Fair Value Amount | $ 5,800 | |||||||
MBS [Member] | Private label [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |||||||
GNMA [Member] | ||||||||
Servicing Liabilities At Fair Value [Line Items] | ||||||||
Principal amount of corporation serviced loans securitized through GNMA | $ 2,100,000 |
NON-CONSOLIDATED VARIABLE INT_4
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Servicing Assets (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |||
Balance at beginning of period | $ 30,986 | $ 33,071 | $ 26,762 |
Purchases of servicing assets | 0 | 0 | 7,781 |
Capitalization of servicing assets | 3,122 | 5,194 | 4,864 |
Amortization | (4,978) | (7,215) | (5,777) |
Temporary impairment recoveries, net | 66 | 124 | (206) |
Adjustment to servicing assets for loans repurchased | (159) | (188) | (353) |
Balance at end of period | $ 29,037 | $ 30,986 | $ 33,071 |
NON-CONSOLIDATED VARIABLE INT_5
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Changes in Impairment Allowance (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |||
Balance at beginning of period | $ 78 | $ 202 | $ 73 |
Temporary impairment charges | 0 | 0 | 301 |
OTTI of servicing assets | 0 | 0 | (77) |
Recoveries | (66) | (124) | (95) |
Balance at end of period | $ 12 | $ 78 | $ 202 |
NON-CONSOLIDATED VARIABLE INT_6
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Components of Net Servicing Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | |||
Servicing fees | $ 11,096 | $ 12,176 | $ 9,268 |
Late charges and prepayment penalties | 823 | 697 | 570 |
Adjustment to servicing assets for loans repurchased | (159) | (188) | (353) |
Other | 0 | (1) | 0 |
Servicing income, gross | 11,760 | 12,684 | 9,485 |
Amortization and impairment of servicing assets | (4,912) | (7,091) | (5,983) |
Servicing income, net | $ 6,848 | $ 5,593 | $ 3,502 |
NON-CONSOLIDATED VARIABLE INT_7
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans (Detail) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Maximum [Member] | Conventional Loan [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 18.40% | 18.20% | 19% |
Discount rate | 10% | 10% | 10% |
Maximum [Member] | Conventional Non Conforming Mortgage Loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 21.90% | 14.50% | 18% |
Discount rate | 14.50% | 14.50% | 14.50% |
Maximum [Member] | Government-guaranteed mortgage loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 18.30% | 17.10% | 16% |
Discount rate | 12% | 12% | 12% |
Minimum [Member] | Conventional Loan [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 3.40% | 2.80% | 3% |
Discount rate | 9.50% | 10% | 10% |
Minimum [Member] | Conventional Non Conforming Mortgage Loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 3.60% | 4.40% | 4.30% |
Discount rate | 11.50% | 12% | 12% |
Minimum [Member] | Government-guaranteed mortgage loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 4.80% | 3.70% | 3.90% |
Discount rate | 11.50% | 12% | 12% |
Weighted Average [Member] | Conventional Loan [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 7.40% | 6.20% | 6.30% |
Discount rate | 9.70% | 10% | 10% |
Weighted Average [Member] | Conventional Non Conforming Mortgage Loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 6% | 6.40% | 6.30% |
Discount rate | 12.50% | 12.80% | 12.30% |
Weighted Average [Member] | Government-guaranteed mortgage loans [Member] | |||
Assumption For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items] | |||
Constant prepayment rate | 6.70% | 6.20% | 6.10% |
Discount rate | 11.70% | 12% | 12% |
NON-CONSOLIDATED VARIABLE INT_8
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS - Weighted-Averages of Key Economic Assumptions in Valuation Model (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS [Abstract] | ||||
Carrying amount of servicing assets | $ 29,037 | $ 30,986 | $ 33,071 | $ 26,762 |
Fair value | $ 44,710 | $ 42,132 | ||
Weighted-average expected life | 7 years 9 months 18 days | 7 years 11 months 15 days | ||
Constant prepayment rate | 6.40% | 6.55% | ||
Decrease in fair value due to 10% adverse change | $ 1,048 | $ 1,027 | ||
Decrease in fair value due to 20% adverse change | $ 2,054 | $ 2,011 | ||
Discount rate | 10.69% | 11.17% | ||
Decrease in fair value due to 10% adverse change | $ 1,925 | $ 1,852 | ||
Decrease in fair value due to 20% adverse change | $ 3,704 | $ 3,561 |
DEPOSITS AND RELATED INTEREST -
DEPOSITS AND RELATED INTEREST - Narratives (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deposits [Line Items] | |||
Weighted-average interest rate on total interest-bearing | 1.03% | 0.31% | |
Unplanned overdrafts of demand deposits that were reclassified as loans | $ 1,700 | $ 1,600 | |
Pre-arranged overdrafts lines of credit | 24,500 | 24,200 | |
Unamortized broker placement fees | 300 | 200 | |
Market value of uninsured portions collateralized by securities and loans | 2,700,000 | 3,300,000 | |
Amortized cost of uninsured portions collateralized by securities and loans | 3,100,000 | 3,400,000 | |
Accretion Of Premium From Acquisition | 500 | 1,300 | $ 1,000 |
Time deposits in denomnations of $250,000 or more | 1,000,000 | 1,000,000 | |
Deposits | 16,143,467 | 17,784,894 | |
Amortization of broker placement fees | 106 | 218 | 537 |
Federal Home Loan Bank [Member] | Standby letters of credit [Member] [Member] | Asset Pledged as Collateral [Member] | |||
Deposits [Line Items] | |||
Credit facility amount | 200,000 | ||
Government [Member] | |||
Deposits [Line Items] | |||
Deposits | 2,800,000 | 3,300,000 | |
Puerto Rico [Member] | |||
Deposits [Line Items] | |||
Deposits | 12,933,570 | 14,113,874 | 12,338,934 |
Puerto Rico [Member] | Government [Member] | |||
Deposits [Line Items] | |||
Deposits | 2,300,000 | 2,700,000 | |
United States [Member] | |||
Deposits [Line Items] | |||
Deposits | 1,623,725 | 1,928,749 | 1,622,481 |
United States [Member] | Government [Member] | |||
Deposits [Line Items] | |||
Deposits | 11,600 | 9,600 | |
Virgin Islands [Member] | |||
Deposits [Line Items] | |||
Deposits | 1,586,172 | 1,742,271 | $ 1,355,968 |
Virgin Islands [Member] | Government [Member] | |||
Deposits [Line Items] | |||
Deposits | $ 442,800 | $ 568,400 |
DEPOSITS AND RELATED INTEREST_2
DEPOSITS AND RELATED INTEREST - Summary of Deposit Balances (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deposits, by Type [Abstract] | ||
Non-interest-bearing deposit accounts | $ 6,112,884 | $ 7,027,513 |
Interest-bearing savings accounts | 3,902,888 | 4,729,387 |
Interest-bearing checking accounts | 3,770,993 | 3,492,645 |
Certificates of deposit ("CDs") | 2,250,876 | 2,434,932 |
Brokered CDs | 105,826 | 100,417 |
Total deposits | $ 16,143,467 | $ 17,784,894 |
DEPOSITS AND RELATED INTEREST_3
DEPOSITS AND RELATED INTEREST - Certificates of Deposits Mature (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
DEPOSITS AND RELATED INTEREST [Abstract] | |
Three months or less | $ 640,532 |
Over three months to six months | 288,407 |
Over six months to one year | 593,915 |
Over one year to two years | 517,970 |
Over two years to three years | 178,158 |
Over three years to four years | 38,952 |
Over four years to five years | 92,103 |
Over five years | 6,665 |
Total | $ 2,356,702 |
DEPOSITS AND RELATED INTEREST-
DEPOSITS AND RELATED INTEREST- Brokered Certificates Of Deposit Mature (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
DEPOSITS AND RELATED INTEREST [Abstract] | ||
Three months or less | $ 42,681 | |
Over six months to one year | 12,986 | |
Over one year to three years | 35,440 | |
Over three years to five years | 14,719 | |
Total | $ 105,826 | $ 100,417 |
DEPOSITS AND RELATED INTEREST_4
DEPOSITS AND RELATED INTEREST - Interest Expenses on deposits (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest Expense, Deposits [Abstract] | |||
Interest-bearing checking accounts | $ 15,568 | $ 5,776 | $ 5,933 |
Savings | 11,191 | 6,586 | 11,116 |
CDs | 18,102 | 26,138 | 43,350 |
Brokered CDs | 1,500 | 2,982 | 7,989 |
Total | $ 46,361 | $ 41,482 | $ 68,388 |
SECURITIES SOLD UNDER AGREEME_3
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Narratives (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Maximum aggregate balance outstanding | $ 75,133 | $ 300,000 | |
Long-term Debt [Member] | |||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Assets Sold under Agreements to Repurchase, Interest Rate | 3.35% | ||
Maximum aggregate balance outstanding | $ 0 | $ 300,000 | |
Short-term Debt [Member] | |||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Assets Sold under Agreements to Repurchase, Interest Rate | 4.55% | ||
Maximum aggregate balance outstanding | $ 75,133 | 0 | |
Repurchase Agreements [Member] | Long-term Debt [Member] | |||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Repayments of debt | 200,000 | $ 100,000 | |
Maximum [Member] | |||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Maximum aggregate balance outstanding | 300,000 | 300,000 | |
Weighted Average [Member] | |||
Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Line Items] | |||
Average balance outstanding | $ 194,900 | $ 300,500 |
SECURITIES SOLD UNDER AGREEME_4
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 75,133 | $ 300,000 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | 75,133 | 0 |
Long-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase agreements | $ 0 | $ 300,000 |
SECURITIES SOLD UNDER AGREEME_5
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities Sold Under Agreements to Repurchase (Parenthetical) (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Spread on variable rate | 1.32% | ||
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Spread on variable rate | 1.30% | ||
Short-term Debt [Member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Weighted-average interest rates on repurchase agreements | 4.55% | ||
Long-term Debt [Member] | |||
Assets Sold under Agreements to Repurchase [Line Items] | |||
Weighted-average interest rates on repurchase agreements | 3.35% | ||
Reverse repurchase | $ 200 | ||
Fixed rate | 3.90% |
SECURITIES SOLD UNDER AGREEME_6
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule of Repurchase Agreement Maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities sold under agreements to repurchase | $ 75,133 | $ 300,000 |
Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities sold under agreements to repurchase | 75,133 | $ 0 |
Within one month | Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities sold under agreements to repurchase | 25,133 | |
Over one month to three months | Short-term Debt [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities sold under agreements to repurchase | $ 50,000 |
SECURITIES SOLD UNDER AGREEME_7
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Securities sold under agreements to repurchase, Underlying Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Amortized Cost of Underlying Securities | $ 90,040 | $ 319,225 |
Balance of Borrowings | 75,133 | 300,000 |
Accrued interest receivable on loans and investments | 69,730 | 61,507 |
Repurchase Agreements [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Accrued interest receivable on loans and investments | 137 | 599 |
Repurchase Agreements [Member] | Asset Pledged as Collateral [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Approximate Fair Value of Underlying Securities | 81,103 | 321,180 |
Repurchase Agreements [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Amortized Cost of Underlying Securities | 60,081 | 0 |
Balance of Borrowings | $ 50,134 | $ 0 |
Weighted-average interest rates on repurchase agreements | 0.62% | 0% |
Repurchase Agreements [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Asset Pledged as Collateral [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Approximate Fair Value of Underlying Securities | $ 54,093 | $ 0 |
Repurchase Agreements [Member] | Mortgage Backed Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Amortized Cost of Underlying Securities | 29,959 | 319,225 |
Balance of Borrowings | $ 24,999 | $ 300,000 |
Weighted-average interest rates on repurchase agreements | 2.08% | 1.33% |
Repurchase Agreements [Member] | Mortgage Backed Securities [Member] | Asset Pledged as Collateral [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Approximate Fair Value of Underlying Securities | $ 27,010 | $ 321,180 |
SECURITIES SOLD UNDER AGREEME_8
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Repurchase Agreements Grouped by Counterparty (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Repurchase Agreement Counterparty [Line Items] | ||
Repurchase agreements | $ 75,133 | $ 300,000 |
Jp Morgan Chase [Member] | ||
Repurchase Agreement Counterparty [Line Items] | ||
Repurchase agreements | $ 75,133 | |
Weighted-Average Maturity | 1 month |
ADVANCES FROM THE FEDERAL HOM_3
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 675,000 | $ 200,000 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | 475,000 | 0 |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | $ 200,000 | $ 200,000 |
ADVANCES FROM THE FEDERAL HOM_4
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Summary of Advances from FHLB (Parenthetical) (Detail) | Dec. 31, 2022 | Dec. 31, 2021 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 4.56% | |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed | |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Weighted-interest rate | 4.25% | 2.16% |
Federal Home Loan Bank, Advance, Branch of FHLB Bank, Interest Rate, Type [Fixed List] | Fixed | Fixed |
ADVANCES FROM THE FEDERAL HOM_5
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Advances from FHLB Mature (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract] | ||
Within one month | $ 350,000 | |
Over one to three months | 125,000 | |
Over three to five years | 200,000 | |
Total | $ 675,000 | $ 200,000 |
ADVANCES FROM THE FEDERAL HOM_6
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Federal Home Loan Bank, Advances [Line Items] | ||
Additional capacity on credit facility based on collateral pledged | $ 644,200 | |
Fixed-rate advances from FHLB | 675,000 | $ 200,000 |
Average balance during the year | $ 179,500 | $ 354,100 |
FHLB for collateral purposes, haircut percent | 14% | 17% |
Estimated value of U.S. government-sponsored agencies' obligations and U.S. agencies MBS pledged as collateral amount | $ 238,100 | |
Loans held for investment | 11,552,825 | $ 11,060,658 |
Asset Pledged as Collateral [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Loans held for investment | 4,300,000 | 4,100,000 |
Maximum [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Maximum aggregate balance of advances from the FHLB outstanding at any month-end during period | 675,000 | 440,000 |
Short-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | 475,000 | 0 |
Long-term Debt [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Fixed-rate advances from FHLB | 200,000 | 200,000 |
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Loans held for investment | 1,800,000 | 1,800,000 |
Loans pledged including collateral | $ 1,300,000 | $ 1,400,000 |
OTHER BORROWINGS - Components o
OTHER BORROWINGS - Components of Other Borrowings (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 183,762 | $ 183,762 |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | 65,205 | 65,205 |
due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Junior subordinated debentures | $ 118,557 | $ 118,557 |
OTHER BORROWINGS - Components_2
OTHER BORROWINGS - Components of Other Borrowings (Parenthetical) (Detail) - Junior Subordinated Debt [Member] - London Interbank Offered Rate (LIBOR) [Member] | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
due June 17, 2034 [Member] | Statutory Trust One [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.75% | |
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 7.49% | 2.97% |
due September 20, 2034 [Member] | Statutory Trust Two [Member] | ||
Subordinated Borrowing [Line Items] | ||
Debt Instrument Basis Spread On Variable Rate | 2.50% | |
Debt Instrument Description Of Variable Rate Basis | 3-month LIBOR | |
Long Term Debt Percentage Bearing Variable Interest Rate | 7.25% | 2.71% |
OTHER BORROWINGS - Additional I
OTHER BORROWINGS - Additional Information (Detail) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Short Term Debt [Line Items] | ||
Loans held for investment | $ 11,552,825,000 | $ 11,060,658,000 |
Asset Pledged as Collateral [Member] | ||
Short Term Debt [Line Items] | ||
Loans held for investment | 4,300,000,000 | 4,100,000,000 |
Federal Reserve Bank Advances [Member] | ||
Short Term Debt [Line Items] | ||
Short Term Borrowings | 0 | 0 |
FED Discount Window funds availability | 1,300,000,000 | |
Federal Reserve Bank Advances [Member] | Asset Pledged as Collateral [Member] | ||
Short Term Debt [Line Items] | ||
Loans held for investment | $ 2,200,000,000 | $ 2,100,000,000 |
EARNINGS PER COMMON SHARE - Cal
EARNINGS PER COMMON SHARE - Calculations of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Nov. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income: | ||||
Net income | $ 305,072 | $ 281,025 | $ 102,273 | |
Dividends on preferred stock | 0 | (2,453) | (2,676) | |
Excess of redemption value over carrying value of Series A through E Preferred Stock redeemed | $ (1,200) | 0 | (1,234) | 0 |
Net income attributable to common stockholders | $ 305,072 | $ 277,338 | $ 99,597 | |
Weighted-Average Shares: | ||||
Average common shares outstanding | 190,805 | 210,122 | 216,904 | |
Average potential dillutive common shares | 1,163 | 1,178 | 764 | |
Average common shares outstanding - assuming dillution | 191,968 | 211,300 | 217,668 | |
Earnings per common share: | ||||
Basic | $ 1.60 | $ 1.32 | $ 0.46 | |
Diluted | $ 1.59 | $ 1.31 | $ 0.46 |
EARNINGS PER COMMON SHARE - Add
EARNINGS PER COMMON SHARE - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
EARNINGS PER COMMON SHARE [Abstract] | |||
Antidilutive shares of common stock | 0 | 0 | 0 |
STOCK-BASED COMPENSATION - Omni
STOCK-BASED COMPENSATION - Omnibus Plan - Additional Information (Detail) - Omnibus Plan [Member] | Dec. 31, 2022 shares |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Authorized granting up shares | 14,169,807 |
Restricted stock available for issuance | 3,830,165 |
STOCK-BASED COMPENSATION - Rest
STOCK-BASED COMPENSATION - Restricted Stock - Additional Information (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted performance units | 327,195 | 324,360 | |
Stock-based compensation expense | $ 3.7 | $ 3.5 | $ 3.2 |
Unrecognized compensation cost related to unvested shares | $ 3.8 | ||
Period for cost recognition not yet recognized | 1 year 6 months | ||
Director [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted performance units | 27,529 | 29,291 | |
Restricted stock vesting period | 1 year | ||
Management [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted performance units | 299,666 | 295,069 | |
Retirement Eligible Shares | 6,084 | 19,804 | |
Restricted stock vesting after two-year anniversary of the grant date [Member] | Management [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Restricted stock vesting period | 2 years | ||
Restricted stock vesting percentage | 50% | ||
Restricted stock vesting after three-year anniversary of the grant date [Member] | Management [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Restricted stock vesting period | 3 years | ||
Restricted stock vesting percentage | 50% |
STOCK-BASED COMPENSATION - Re_2
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - $ / shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 1,148,775 | 1,320,723 |
Granted shares | 327,195 | 324,360 |
Forefeited | (15,108) | (82,486) |
Vested | (522,371) | (413,822) |
Unvested shares of outstanding, end of period | 938,491 | 1,148,775 |
Weighted-Average Grant Date Fair Value, beginning of period | $ 6.61 | $ 5.74 |
Weighted-Average Grant Date Fair Value, Granted | 13.21 | 11.47 |
Weighted-Averages Grant Date Dair Value, Forfeited | 8.79 | 6.42 |
Weighted-Average Grant Date Fair Value, Vested | 6.13 | 7.69 |
Weighted-Average Grant Date Fair Value, end of period | $ 9.14 | $ 6.61 |
STOCK-BASED COMPENSATION - Re_3
STOCK-BASED COMPENSATION - Restricted Stock Activity Under Omnibus Plan (Parenthetical) (Detail) - Omnibus Plan [Member] - Restricted Stock [Member] - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 327,195 | 324,360 |
Director [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 27,529 | 29,291 |
Management [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Granted performance units | 299,666 | 295,069 |
Retirement Eligible Shares | 6,084 | 19,804 |
STOCK-BASED COMPENSATION - Perf
STOCK-BASED COMPENSATION - Performance Units - Additional Information (Detail) - Omnibus Plan [Member] - Performance Shares [member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted performance units | 166,669 | 160,485 | |
Stock-based compensation expense | $ 1.7 | $ 2 | $ 1.8 |
Unrecognized compensation cost related to unvested performance units | $ 2.5 | ||
Number of vested shares | 189,645 | 304,408 | |
Executives [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Performance units program description | These awards, which are granted to executives, do not contain non-forfeitable rights to dividend equivalent amounts and can only be settled in shares of the Corporation’s common stock. The performance units will vest on the third anniversary of the effective date of the awards, subject to the achievement of a pre-established tangible book value per share target, adjusted for certain allowable non-recurring transactions. All the performance units will vest if performance is at the pre-established performance target level or above at the end of a three-year performance period. However, the participants may vest with respect to 50% of the awards to the extent that performance is below the target but not less than 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. |
STOCK-BASED COMPENSATION - Pe_2
STOCK-BASED COMPENSATION - Performance Units - Performance Unit Activity (Detail) - Omnibus Plan [Member] - Performance Shares [member] - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unvested shares outstanding, beginning of period | 814,899 | 1,006,768 |
Granted performance units | 166,669 | 160,485 |
Vested | (189,645) | (304,408) |
Forefeited | 0 | (47,946) |
Unvested shares of outstanding, end of period | 791,923 | 814,899 |
STOCK-BASED COMPENSATION - Othe
STOCK-BASED COMPENSATION - Other Awards - Additional Information (Detail) - Omnibus Plan [Member] - Unrestricted Stock [Member] - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Granted performance units | 19,157 | 0 | 0 | |
Stock-based compensation expense | $ 0.1 |
STOCK-BASED COMPENSATION - Trea
STOCK-BASED COMPENSATION - Treasury Stock - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 205,807 | 214,374 | 51,814 |
Omnibus Plan [Member] | Restricted Stock [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 205,807 | 214,374 |
STOCKHOLDERS' EQUITY - Addition
STOCKHOLDERS' EQUITY - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||
Feb. 09, 2023 | Nov. 30, 2021 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Apr. 27, 2022 | Apr. 26, 2021 | Dec. 31, 2019 | |
Class Of Stock [Line Items] | |||||||||
Dividends declared per common share | $ 0.46 | $ 0.31 | $ 0.20 | ||||||
Preferred Stock Shares Authorized | 50,000,000 | ||||||||
Preferred stock, par value | $ 1 | ||||||||
Liquidation value per share, Preferred stock | $ 25 | ||||||||
Treasury Stock Shares Acquired | 19,619,178 | 16,954,841 | 51,814 | ||||||
Treasury Stock Shares | 40,954,057 | 21,836,611 | 4,799,284 | 4,744,384 | |||||
Legal surplus reserve rate | 10% | ||||||||
Puerto Rico Banking Law Description | The Puerto Rico Banking Law provides that, when the expenditures of a Puerto Rico commercial bank are greater than receipts, the excess of the expenditures over receipts must be charged against the undistributed profits of the bank, and the balance, if any, must be charged against the legal surplus reserve, as a reduction thereof. If the legal surplus reserve is not sufficient to cover such balance in whole or in part, the outstanding amount must be charged against the capital account and the Bank cannot pay dividends until it can replenish the legal surplus reserve to an amount of at least 20% of the original capital contributed. | ||||||||
Legal Surplus Amount Additions | $ 30,900 | $ 28,300 | |||||||
Legal Surplus Amount | $ 168,484 | $ 137,591 | |||||||
Stock Repurchase Program Authorized Amount 1 | $ 350,000 | ||||||||
Stock Repurchased During Period Shares | 19,619,178 | 16,954,841 | 51,814 | ||||||
Preferred Stock Shares Outstanding | 0 | ||||||||
Dividend Payable Date To Be Paid Day Month And Year | Mar. 10, 2023 | ||||||||
Dividends Payable Date Of Record Day Month And Year | Feb. 24, 2023 | ||||||||
Stock Issued During Period Shares Treasury Stock Reissued | 516,840 | 0 | 0 | ||||||
Shares Paid For Tax Withholding For Share Based Compensation | 205,807 | 214,374 | 51,814 | ||||||
Dividends Payable Date Declared Day Month And Year | Feb. 09, 2023 | ||||||||
Dividends paid on common stock | $ 88,200 | $ 65,400 | $ 43,800 | ||||||
Preferred Stock Redemption Premium | $ 1,200 | $ 0 | $ 1,234 | $ 0 | |||||
Common Stock Outstanding [Member] | |||||||||
Class Of Stock [Line Items] | |||||||||
Dividends declared per common share | $ 0.14 | ||||||||
Increase Decease Dividends Per Share Declared Percent | 17% | ||||||||
Increase in dividends per share declared | $ 0.02 | ||||||||
Preferred Stock [Member] | |||||||||
Class Of Stock [Line Items] | |||||||||
Stock Redeemed Or Called During Period Shares | 1,444,146 | ||||||||
New Stock Repurchase Program [Member] | |||||||||
Class Of Stock [Line Items] | |||||||||
Treasury Stock Shares Acquired | 16,003,674 | ||||||||
Common stock repurchased price per share | $ 14.06 | ||||||||
Stock Repurchase Program Remaining Authorized Repurchase Amount 1 | $ 125,000 | ||||||||
Common stock repurchase value | $ 225,000 | ||||||||
Previous Stock Repurchase Program [Member] | |||||||||
Class Of Stock [Line Items] | |||||||||
Treasury Stock Shares Acquired | 3,409,697 | ||||||||
Common stock repurchased price per share | $ 14.66 | ||||||||
Stock Repurchase Program Authorized Amount 1 | $ 300,000 | ||||||||
Preferred Stock, Liquidation Preference, Value | $ 36,100 | ||||||||
Common stock repurchase value | $ 50,000 | ||||||||
Stock Repurchases Programs [Member] | |||||||||
Class Of Stock [Line Items] | |||||||||
Treasury Stock Shares Acquired | 19,413,371 | ||||||||
Common stock repurchase value | $ 275,000 |
STOCKHOLDERS' EQUITY - Common S
STOCKHOLDERS' EQUITY - Common Stock (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class Of Stock [Line Items] | |||
Common stock outstanding, beginning balances | 201,826,505 | 218,235,064 | 217,359,337 |
Common stock repurchased | (19,619,178) | (16,954,841) | (51,814) |
Common stock reissued/issued under stock-based compensation plan | 516,840 | 628,768 | 930,627 |
Restricted stock forfeited | (15,108) | (82,486) | (3,086) |
Common stock outstanding, ending balances | 182,709,059 | 201,826,505 | 218,235,064 |
STOCKHOLDERS' EQUITY - Common_2
STOCKHOLDERS' EQUITY - Common Stock (Parenthetical) (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Class Of Stock [Line Items] | |||
Shares Withheld for Tax Withholding Obligation | 205,807 | 214,374 | 51,814 |
STOCKHOLDERS' EQUITY - Treasuy
STOCKHOLDERS' EQUITY - Treasuy Shares (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
STOCKHOLDERS' EQUITY [Abstract] | |||
Treasury stock, beginning balances | 21,836,611 | 4,799,284 | 4,744,384 |
Common stock repurchased | (19,619,178) | (16,954,841) | (51,814) |
Common stock reissued from treasury stock | 516,840 | 0 | 0 |
Restricted stock forfeited | 15,108 | 82,486 | 3,086 |
Treasury stock, ending balances | 40,954,057 | 21,836,611 | 4,799,284 |
STOCKHOLDERS' EQUITY - Treasury
STOCKHOLDERS' EQUITY - Treasury Shares (Parenthetical) (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
STOCKHOLDERS' EQUITY [Abstract] | |||
Shares Withheld for Tax Withholding Obligation | 205,807 | 214,374 | 51,814 |
OTHER COMPREHENSIVE (LOSS) IN_3
OTHER COMPREHENSIVE (LOSS) INCOME - Change in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning balance | $ (87,390) | $ 55,725 | $ 6,764 |
Other comprehensive (loss) income | (718,582) | (143,115) | 48,961 |
Ending balance | (805,972) | (87,390) | 55,725 |
Beginning balance | 3,391 | (270) | 0 |
Other comprehensive (loss) income | (2,197) | 3,661 | (270) |
Ending balance | $ 1,194 | $ 3,391 | $ (270) |
OTHER COMPREHENSIVE (LOSS) IN_4
OTHER COMPREHENSIVE (LOSS) INCOME - Reclassifications Out of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | 4 Months Ended | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other expenses | $ 0 | $ 3 | $ 1 | |
Income before income taxes | 447,584 | 427,817 | $ 116,323 | |
Income tax (benefit) expense | (142,512) | (146,792) | (14,050) | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Income before income taxes | 3 | 1 | (13,198) | |
Income tax (benefit) expense | (1) | 0 | 0 | |
Total, net of tax | 2 | 1 | (13,198) | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Realized gain on sales of debt securities | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net gain on investment securities | 0 | 0 | (13,198) | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Other Expenses [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Other expenses | $ 3 | $ 1 | $ 0 |
EMPLOYEE BENEFIT PLANS - Change
EMPLOYEE BENEFIT PLANS - Changes in Projected Benefit Obligation and Changes in Plan Assets (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Changes in projected benefit obligation: | ||
Projected benefit obligation, beginning balance | $ 98,062 | |
Projected benefit obligation, ending balance | 73,690 | $ 98,062 |
Changes in plan assets: | ||
Net asset (benefit obligation) | 3,499 | 5,425 |
Pension Plan [Member] | ||
Changes in projected benefit obligation: | ||
Projected benefit obligation, beginning balance | 97,867 | 108,253 |
Interest cost | 2,614 | 2,473 |
Actuarial gain | (21,265) | (6,699) |
Benefits paid | (5,708) | (6,160) |
Projected benefit obligation, ending balance | 73,508 | 97,867 |
Changes in plan assets: | ||
Fair vale of plan assets, beginning balance | 103,487 | 105,963 |
Actual return on plan assets - (loss) gain | (20,590) | 3,684 |
Benefits paid | (5,708) | (6,160) |
Fair vale of plan assets, ending balance | 77,189 | 103,487 |
Net asset (benefit obligation) | 3,681 | 5,620 |
Postretirement Benefit Plan [Member] | ||
Changes in projected benefit obligation: | ||
Projected benefit obligation, beginning balance | 195 | |
Projected benefit obligation, ending balance | 182 | 195 |
Changes in plan assets: | ||
Net asset (benefit obligation) | $ (182) | $ (195) |
EMPLOYEE BENEFIT PLANS - Projec
EMPLOYEE BENEFIT PLANS - Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | ||
Projected benefit obligation | $ 48,501 | $ 195 |
Accumulated benefit obligation | 48,501 | 195 |
Fair value of plan assets | $ 46,398 | $ 0 |
EMPLOYEE BENEFIT PLANS - Compon
EMPLOYEE BENEFIT PLANS - Components of Net Periodic Benefit (Detail) - USD ($) $ in Thousands | 4 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net periodic benefit income: | |||
Net periodic benefit (income) loss | $ (1,160) | $ (1,536) | $ (2,044) |
Pension Plan [Member] | |||
Net periodic benefit income: | |||
Interest cost | 2,614 | 2,473 | |
Net periodic benefit (income) loss | (1,162) | (1,544) | (2,050) |
Pension Plan [Member] | Other Expenses [Member] | |||
Net periodic benefit income: | |||
Interest cost | 900 | 2,614 | 2,473 |
Expected return on plan assets | (2,062) | (4,158) | (4,523) |
Postretirement Benefit Plan [Member] | Other Expenses [Member] | |||
Net periodic benefit income: | |||
Net periodic benefit (income) loss | $ 2 | $ 8 | $ 6 |
EMPLOYEE BENEFIT PLANS - Weight
EMPLOYEE BENEFIT PLANS - Weighted-Average Assumption Used to Determine the Net Periodic Benefit for Pension and Other Postretirement Benefit Plans (Detail) | 4 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Weighted average assumptions used to determine net periodic pension cost: | |||
Discount Rate | 2.53% | 2.77% | 2.36% |
Expected return on plan assets | 5.98% | 4.43% | 5.99% |
EMPLOYEE BENEFIT PLANS - Chan_2
EMPLOYEE BENEFIT PLANS - Changes in Accumulated Other Comprehensive Loss of the Pension Plans and Postretirement Benefit Plan (Detail) - USD ($) $ in Thousands | 4 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated other comprehensive income (loss) at beginning of period | $ 5,428 | $ (432) | |
Total (decrease) increase in other comprehensive loss | $ (432) | (3,515) | 5,860 |
Accumulated other comprehensive income (loss) at end of period | (432) | 1,913 | 5,428 |
Pension Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated other comprehensive income (loss) at beginning of period | 0 | 5,457 | (404) |
Net acrual (gain) loss | (404) | (3,483) | 5,861 |
Accumulated other comprehensive income (loss) at end of period | (404) | 1,974 | 5,457 |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Accumulated other comprehensive income (loss) at beginning of period | (29) | (28) | |
Net acrual (gain) loss | (28) | (35) | (2) |
Accumulated other comprehensive income (loss) at end of period | $ (28) | $ (61) | $ (29) |
EMPLOYEE BENEFIT PLANS - Pre-ta
EMPLOYEE BENEFIT PLANS - Pre-tax Amounts Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | 4 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Amortization of net loss | $ 0 | $ 3 | $ 1 |
Net amount recognized | (432) | (3,515) | 5,860 |
Pension Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net actuarial (loss) gain | (404) | (3,483) | 5,861 |
Postretirement Benefit Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Net actuarial (loss) gain | $ (28) | $ (35) | $ (2) |
EMPLOYEE BENEFIT PLANS - Pensio
EMPLOYEE BENEFIT PLANS - Pension Plans Weigthed-average Asset Allocations (Detail) - Pension Plan [Member] | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 100% | 100% |
Investment in funds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 97% | 98% |
Other [Member} | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 3% | 2% |
EMPLOYEE BENEFIT PLANS - Expect
EMPLOYEE BENEFIT PLANS - Expected Future Benefit Payments for the Plans (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
Defined Benefit Plan Disclosure [Line Items] | |
2023 | $ 6,436 |
2024 | 6,292 |
2025 | 5,985 |
2026 | 5,999 |
2027 | 5,860 |
2028 through 2031 | 27,411 |
Total | $ 57,983 |
EMPLOYEE BENEFIT PLANS - Narrat
EMPLOYEE BENEFIT PLANS - Narratives (Detail) - USD ($) | 4 Months Ended | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Contribution Plan, Employer Matching Contribution, Percent | 50% | ||||
Employee contribution percent maximum to get employer matching contribution | 6% | ||||
Total plan expense | $ 3,500,000 | $ 3,500,000 | $ 3,000,000 | ||
Matching Constribution Description | The matching contribution of fifty cents for every dollar of the employee’s contribution is comprised of: (i) twenty-five cents for every dollar of the employee’s contribution up to 6% of the employee’s eligible compensation to be paid to the Plan as of each bi-weekly payroll; and (ii) an additional twenty-five cents for every dollar of the employee’s contribution up to 6% of the employee’s eligible compensation to be deposited as a lump sum subsequent to the Plan Year. | ||||
Additional discretionary contribution | $ 0 | $ 0 | 0 | ||
Discount rate | 5.43% | 2.77% | |||
Expected return on plan assets | 5.98% | 4.43% | 5.99% | ||
Pension Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Fair value of plan assets | $ 105,963,000 | $ 77,189,000 | $ 103,487,000 | 105,963,000 | |
Expected to contribute to plan | 0 | ||||
Forecast [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Expected return on plan assets | 4.80% | ||||
Puerto Rico [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | 15,000 | 15,000 | 15,000 | ||
United States and Virign Islands Operations [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | $ 20,500 | $ 19,500 | $ 19,500 | ||
Santander [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Employee contribution percent maximum to get employer matching contribution | 6% |
OTHER NON- INTEREST INCOME- Det
OTHER NON- INTEREST INCOME- Detail of other non-interest income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Non-deferrable loan fees | $ 3,167 | $ 2,990 | $ 3,750 |
Mail and cable transmission comissions | 3,100 | 3,116 | 2,540 |
Gain from insurance proceeds | 0 | 550 | 5,000 |
Net (loss) gain on equity securities | (522) | (102) | 38 |
Gain from sales of fixed assets | 924 | 32 | 215 |
Other | 9,181 | 5,843 | 4,682 |
Total | $ 15,850 | $ 12,429 | $ 16,225 |
OTHER NON- INTEREST EXPENSES- D
OTHER NON- INTEREST EXPENSES- Detail of other non-interest expenses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OTHER NON- INTEREST EXPENSES [Abstract] | |||
Supplies and printing | $ 1,505 | $ 1,830 | $ 2,391 |
Amortization of intangible assets | 8,816 | 11,407 | 5,912 |
Servicing and processing fees | 5,343 | 5,121 | 4,696 |
Insurance and supervisory fees | 9,354 | 9,098 | 6,324 |
Provision for operational losses | 2,518 | 5,069 | 3,390 |
Other | 3,126 | 2,898 | 3,105 |
Total | $ 30,662 | $ 35,423 | $ 25,818 |
INCOME TAXES - Additional Infor
INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 01, 2020 | |
Income Tax Contingency [Line Items] | ||||
Maximum corporate tax rate | 37.50% | 37.50% | 37.50% | |
Net deferred tax asset | $ 155,584 | $ 208,482 | ||
Deferred tax asset related to NOLs | 279,900 | 177,900 | ||
Valuation allowance | 185,506 | 107,323 | ||
Income tax expense | $ 142,512 | 146,792 | $ 14,050 | |
Minimum percentage of bank net taxable income for paying income tax at normal rate | 20% | |||
Current income tax expense | $ 88,296 | 28,469 | 18,421 | |
NOL and capital losses carryforward | 72,485 | 137,860 | ||
Year 2023 Through 2027 [Member] | ||||
Income Tax Contingency [Line Items] | ||||
NOL and capital losses carryforward | 61,200 | |||
Year 2023 [Member] | ||||
Income Tax Contingency [Line Items] | ||||
NOL and capital losses carryforward | 30,500 | |||
Santander [Member] | ||||
Income Tax Contingency [Line Items] | ||||
UTBs | $ 1,000 | |||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | 200 | |||
Benefit recognized from expiration of uncertain tax positions acquired | 400 | |||
U S [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Income tax expense | 10,300 | 6,800 | 4,900 | |
Subsidiaries [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Net deferred tax asset | 155,600 | 208,400 | ||
Valuation allowance | 149,500 | 69,700 | ||
Parent Company [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Valuation allowance | 36,000 | |||
Income tax expense | $ 3,448 | $ 2,854 | $ 2,429 | |
Domestic Country [Member] | Subsidiaries [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Dividend received deduction | 100% | |||
Domestic Country [Member] | Other taxable domestic corporations [Member] | ||||
Income Tax Contingency [Line Items] | ||||
Dividend received deduction | 85% |
INCOME TAXES- Components of inc
INCOME TAXES- Components of income tax expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract] | |||
Current income tax expense | $ 88,296 | $ 28,469 | $ 18,421 |
Deferred income tax expense: | |||
Reversal of deferred tax asset valuation allowance | 0 | 0 | (8,000) |
Other deferred income tax expense | 54,216 | 118,323 | 3,629 |
Total income tax expense | $ 142,512 | $ 146,792 | $ 14,050 |
INCOME TAXES- Reconciliations o
INCOME TAXES- Reconciliations of Income tax expenses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract] | |||
Computed income tax at statutory rate | $ 167,844 | $ 160,431 | $ 43,621 |
Federal and state taxes | 10,268 | 7,014 | 4,944 |
Benefit of net exempt income | (31,266) | (20,717) | (26,780) |
Disallowed NOL carryforward resulting from net exempt income | 14,221 | 8,791 | 9,054 |
Deferred tax valuation allowance | (8,410) | (13,572) | (12,095) |
Share based compensation windfull | (1,492) | (1,044) | 157 |
Other permanent differences | (7,647) | (1,185) | (387) |
Tax return to provision adjustments | (519) | (406) | 597 |
Other-net | (487) | 7,480 | (5,061) |
Total income tax expense | $ 142,512 | $ 146,792 | $ 14,050 |
Federal and state taxes % | 2.20% | 1.60% | 4.20% |
Benefit of net exempt income % | (7.00%) | (4.80%) | (23.00%) |
Disallowed NOL carryforward resulting from net exempt income % | 3.20% | 2% | 7.80% |
Deferred tax valuation allowance % | (1.90%) | (3.20%) | (10.40%) |
Share based compensation windfall % | (0.30%) | (0.20%) | 0.10% |
Other permanent differences % | (1.70%) | (0.30%) | (0.30%) |
Tax-return provision adjustments % | (0.10%) | (0.10%) | 0.50% |
Other-net % | (0.10%) | 1.70% | (4.30%) |
Computed income tax at statutory tax rate % | 37.50% | 37.50% | 37.50% |
Total income tax expense (benefit) % | 31.80% | 34.20% | 12.10% |
INCOME TAXES- Significant compo
INCOME TAXES- Significant components of deferred tax assets and liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred Tax Assets [Abstract] | ||
NOL and capital losses carryforward | $ 72,485 | $ 137,860 |
Allowance for credit losses | 104,014 | 105,917 |
Alternative Minimum Tax credits available for carryforwards | 40,823 | 37,361 |
Unrealized loss on OREO valuation | 6,462 | 7,703 |
Settlement payment - closing agreement | 7,031 | 7,031 |
Legal and other reserves | 6,345 | 4,576 |
Reserve for insurance premium cancellations | 781 | 881 |
Differences between the assigned values and tax bases of assets and liabilities recognized in purchase business combinations | 5,665 | 8,926 |
Unrealized loss on available-for-sale securities, net | 100,776 | 14,181 |
Other | 7,722 | 4,420 |
Total gross deferred tax asset | 352,104 | 328,856 |
Deferred Tax Liabilities [Abstract] | ||
Servicing assets | 9,786 | 10,510 |
Pension plan assets | 719 | 2,035 |
Other | 509 | 506 |
Total gross deferred tax liabilities | 11,014 | 13,051 |
Valuation allowance | (185,506) | (107,323) |
Net deferred tax asset | $ 155,584 | $ 208,482 |
OPERATING LEASES - Supplemental
OPERATING LEASES - Supplemental Balance Sheet Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
OPERATING LEASES [Abstract] | ||
Operating Lease Liability | $ 81,954 | $ 93,772 |
Operating lease weighted-average remaining lease term (in years) | 7 years 6 months | 8 years |
Operating lease weighted-average discount rate | 2.37% | 2.24% |
OPERATING LEASES - Supplement_2
OPERATING LEASES - Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OPERATING LEASES [Abstract] | |||
Operating cash flow from operating leases | $ 18,202 | $ 19,328 | $ 13,464 |
ROU asset obtained in exchange for operating lease liabilities | $ 5,744 | $ 5,833 | $ 1,328 |
OPERATING LEASES - Supplement_3
OPERATING LEASES - Supplemental Cash Flow Information Related to Leases (Parenthetical) (Detail) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 01, 2020 | |
Business Acquisition [Line Items] | ||||
Termination of lease | $ 3,000,000 | $ 1,300,000 | $ 0 | |
Santander [Member] | ||||
Business Acquisition [Line Items] | ||||
Operating lease right-of-use right | $ 52,100,000 |
OPERATING LEASES - Maturities U
OPERATING LEASES - Maturities Under Lease Liability (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
OPERATING LEASES [Abstract] | |
2023 | $ 16,763 |
2024 | 16,008 |
2025 | 15,096 |
2026 | 14,025 |
2027 | 5,929 |
2028 and after | 23,025 |
Total lease payments | $ 90,846 |
OPERATING LEASES - Maturities_2
OPERATING LEASES - Maturities Under Lease Liability II (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
OPERATING LEASES [Abstract] | ||
Total lease payments | $ 90,846 | |
Less: imputed interest | (8,892) | |
Total present value of lease liability | $ 81,954 | $ 93,772 |
OPERATING LEASES - Additional I
OPERATING LEASES - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Lessee, Lease, Description [Line Items] | |||
Operating lease cost | $ 18,400,000 | $ 18,200,000 | $ 13,800,000 |
Net minimum lease payments | 0 | ||
Operating leases that have not yet commenced, Amount | $ 1,100,000 | ||
Minimum [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Lease terms | 2 years | ||
Operating leases that have not yet commenced, term | 5 years | ||
Maximum [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Lease terms | 30 years | ||
Lessee, Operating Lease, Renewal Term | 10 years | ||
Operating leases that have not yet commenced, term | 10 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 | Dec. 31, 2022 | Dec. 31, 2021 |
Economic undesignated hedges: | ||
Derivative Notional Amount | $ 52,515 | $ 93,353 |
Derivative Assets | 633 | 1,505 |
Derivative Liabilities | 476 | 1,178 |
Sale of TBA GNMA MBS pools | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 11,000 | 27,000 |
Derivative Assets | 58 | 0 |
Derivative Liabilities | 1 | 78 |
Forward loan sales commitments [Member] | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 0 | 12,668 |
Derivative Assets | 0 | 20 |
Derivative Liabilities | 0 | 0 |
Interest Rate Lock Commitments [Member] | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 3,225 | 12,097 |
Derivative Assets | 63 | 379 |
Derivative Liabilities | 0 | 0 |
Interest Rate Cap [Member] | Written [Member] | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 14,500 | 14,500 |
Derivative Assets | 0 | 0 |
Derivative Liabilities | 197 | 8 |
Interest Rate Cap [Member] | Purchase [Member] | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 14,500 | 14,500 |
Derivative Assets | 199 | 8 |
Derivative Liabilities | 0 | 0 |
Interest Rate Swap [Member] | ||
Economic undesignated hedges: | ||
Derivative Notional Amount | 9,290 | 12,588 |
Derivative Assets | 313 | 1,098 |
Derivative Liabilities | $ 278 | $ 1,092 |
DERIVATIVE INSTRUMENTS AND HE_4
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on Statement of Income (Loss) (Detail) - Not Designated as Hedging Instrument, Economic Hedge [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | $ (177) | $ (549) | $ 512 |
Sale of TBA GNMA MBS pools | Mortgage Banking Activities | |||
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | 135 | 114 | (54) |
Forward loan sales commitments [Member] | Mortgage Banking Activities | |||
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | (20) | 0 | (37) |
Interest Rate Lock Commitments [Member] | Mortgage Banking Activities | |||
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | (322) | (687) | 576 |
Interest Rate Cap [Member] | Interest Income Member | |||
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | 28 | 24 | 27 |
Interest Rate Cap [Member] | Mortgage Banking Activities | Interest Income Member | |||
Economic undesignated hedges: | |||
Total (loss) gain on derivatives | $ 2 | $ 0 | $ 0 |
FAIR VALUE - Assets and Liabili
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | $ 5,599,520 | $ 6,453,761 |
Mortgage Backed Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,104,591 | 4,044,443 |
Fair Value, Measurements, Recurring [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 4,861 | 5,378 |
Derivative Assets | 633 | 1,505 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 476 | 1,178 |
Fair Value, Measurements, Recurring [Member] | Other Available For Sale Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 500 | 1,000 |
Fair Value, Measurements, Recurring [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 138,875 | 148,486 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 389,787 | 285,028 |
Fair Value, Measurements, Recurring [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 1,963,566 | 1,971,954 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,104,591 | 4,044,443 |
Fair Value, Measurements, Recurring [Member] | Private label [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 2,201 | 2,850 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 4,861 | 5,378 |
Derivative Assets | 0 | 0 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Other Available For Sale Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 138,875 | 148,486 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Private label [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 0 | 0 |
Derivative Assets | 633 | 1,505 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 476 | 1,178 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Other Available For Sale Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 389,787 | 285,028 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 1,963,566 | 1,971,954 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 3,098,797 | 4,037,209 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Private label [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Equity Securities, FV-NI | 0 | 0 |
Derivative Assets | 0 | 0 |
Derivative Liabilities [Abstract] | ||
Derivative Liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Other Available For Sale Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 500 | 1,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S Treasury Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Agencies Debt Securities [Member] | Noncallable [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Agencies Debt Securities [Member] | Call Option [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | 5,794 | 7,234 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | ||
Assets Fair Value Disclosure [Abstract] | ||
Debt Securities, Available-for-sale | $ 2,201 | $ 2,850 |
FAIR VALUE - Fair Value of Asse
FAIR VALUE - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value Inputs Level 3 [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||
Beginning balance | $ 11,084 | $ 11,977 | $ 14,590 |
Total gains or (losses) (realized/unrealized): | |||
Included in other comprehensive income (unrealized) | (401) | 1,281 | 2,403 |
Included in earnings (unrealized) | 434 | 136 | (1,641) |
Purchases | 0 | 1,000 | 0 |
Principal repayments and amortization | (2,622) | (3,310) | (3,525) |
Ending balance | 8,495 | 11,084 | 11,977 |
Available-for-sale Securities [Member] | |||
Total gains or (losses) (realized/unrealized): | |||
BSPR securities acquired | $ 0 | $ 0 | $ 150 |
FAIR VALUE - Assets and Liabi_2
FAIR VALUE - Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | $ 5,599,520 | $ 6,453,761 |
Fair Value, Measurements, Recurring [Member] | Private label [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 2,201 | 2,850 |
Fair Value, Measurements, Recurring [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 3,104,591 | 4,044,443 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 2,201 | 2,850 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Private label [Member] | Valuation Technique, Discounted Cash Flow [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 5,794 | 7,234 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico government obligations [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | 5,794 | 7,234 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Puerto Rico government obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale | $ 2,201 | $ 2,850 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.015 | 0.076 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.003 | 0.002 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.129 | 0.066 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Minimum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.193 | 0.086 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.152 | 0.249 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.156 | 0.157 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.129 | 0.084 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Maximum [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.193 | 0.086 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.162 | 0.129 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.118 | 0.152 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Private label [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.056 | 0.076 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico government obligations [Member] | Measurement Input, Discount Rate [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.129 | 0.079 |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Weighted Average [Member] | Puerto Rico government obligations [Member] | Measurement Input, Loss Severity [Member] | ||
Available For Sale Securities [Abstract] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.193 | 0.086 |
FAIR VALUE - Change in unrealiz
FAIR VALUE - Change in unrealized losses included in earnings (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value Inputs Level 3 [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Net impairment losses on available-for-sale investment securities credit component | $ (434) | $ (136) | $ 1,641 |
FAIR VALUE - Impairment of Valu
FAIR VALUE - Impairment of Valuation Adjustments were Recorded for Assets Recognized at Fair Value (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Mortgage servicing rights | $ 44,710 | $ 42,132 | |
OREO [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 5,461 | 9,126 | $ 50,248 |
Included in earnings | (917,000) | (48,000) | (1,837,000) |
Loans Held For Sale [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 12,306 | 0 | 0 |
Included in earnings | (106,000) | 0 | 0 |
Loans Receivable [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 11,437 | 31,534 | 74,197 |
Included in earnings | (736) | (5,466) | (13,737) |
Property Plant And Equipment [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Carrying value, Related to gains (losses) recorded | 1,242 | 0 | 0 |
Included in earnings | (218) | 0 | 0 |
Fair Value Inputs Level 3 [Member] | |||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |||
Included in earnings | $ (434) | $ (136) | $ 1,641 |
FAIR VALUE - Fair Value (Detail
FAIR VALUE - Fair Value (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Assets: | ||||
Investment securities available for sale | $ 5,599,520 | $ 6,453,761 | ||
Held To Maturity Securities Amortized | 437,537 | 178,133 | ||
Less: allowance for credit losses on held to maturity securities | (8,286) | (8,571) | ||
Investment securities held to maturity, net of ACL | 429,251 | 169,562 | ||
Less: ACL for loans and finance leases | (260,464) | (269,030) | $ (385,887) | $ (155,139) |
Loans held for investment, net of ACL | 11,292,361 | 10,791,628 | ||
Mortgage servicing rights | 29,037 | 30,986 | $ 33,071 | $ 26,762 |
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Other borrowings | 183,762 | 183,762 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 480,505 | 2,543,058 | ||
Investment securities available for sale | 5,599,520 | 6,453,761 | ||
Held To Maturity Securities Amortized | 437,537 | 178,133 | ||
Less: allowance for credit losses on held to maturity securities | (8,286) | (8,571) | ||
Investment securities held to maturity, net of ACL | 429,251 | 169,562 | ||
Equity Securities | 50,428 | 26,791 | ||
Other investment securities | 4,861 | 5,378 | ||
Loans held for sale | 12,306 | 35,155 | ||
Total gross loans held for investment portfolio | 11,552,825 | 11,060,658 | ||
Less: ACL for loans and finance leases | (260,464) | (269,030) | ||
Loans held for investment, net of ACL | 11,292,361 | 10,791,628 | ||
Mortgage servicing rights | 29,037 | 30,986 | ||
Derivative Assets | 633 | 1,505 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,143,467 | 17,784,894 | ||
Securities sold under agreements to repurchase | 75,133 | 300,000 | ||
Advances from FHLB | 675,000 | 200,000 | ||
Other borrowings | 183,762 | 183,762 | ||
Derivative Liabilities | 476 | 1,178 | ||
Federal Home Loan Bank Stock | 42,900 | 21,500 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 480,505 | 2,543,058 | ||
Investment securities available for sale | 5,599,520 | 6,453,761 | ||
Investment securities held to maturity, net of ACL | 427,115 | 167,147 | ||
Equity Securities | 50,428 | 26,791 | ||
Other investment securities | 4,861 | 5,378 | ||
Loans held for sale | 12,306 | 36,147 | ||
Loans held for investment, net of ACL | 11,106,809 | 10,900,400 | ||
Mortgage servicing rights | 44,710 | 42,132 | ||
Derivative Assets | 633 | 1,505 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,139,937 | 17,800,706 | ||
Securities sold under agreements to repurchase | 75,230 | 322,105 | ||
Advances from FHLB | 674,596 | 202,044 | ||
Other borrowings | 187,246 | 177,689 | ||
Derivative Liabilities | 476 | 1,178 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 1 [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 480,505 | 2,543,058 | ||
Investment securities available for sale | 138,875 | 148,486 | ||
Investment securities held to maturity, net of ACL | 0 | 0 | ||
Equity Securities | 0 | 0 | ||
Other investment securities | 4,861 | 5,378 | ||
Loans held for sale | 0 | 0 | ||
Loans held for investment, net of ACL | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative Assets | 0 | 0 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 0 | 0 | ||
Securities sold under agreements to repurchase | 0 | 0 | ||
Advances from FHLB | 0 | 0 | ||
Other borrowings | 0 | 0 | ||
Derivative Liabilities | 0 | 0 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level 2 [Member] | ||||
Assets: | ||||
Cash and due from banks and money market investments | 0 | 0 | ||
Investment securities available for sale | 5,452,150 | 6,294,191 | ||
Investment securities held to maturity, net of ACL | 260,106 | 0 | ||
Equity Securities | 50,428 | 26,791 | ||
Other investment securities | 0 | 0 | ||
Loans held for sale | 12,306 | 36,147 | ||
Loans held for investment, net of ACL | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivative Assets | 633 | 1,505 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 16,139,937 | 17,800,706 | ||
Securities sold under agreements to repurchase | 75,230 | 322,105 | ||
Advances from FHLB | 674,596 | 202,044 | ||
Other borrowings | 0 | 0 | ||
Derivative Liabilities | 476 | 1,178 | ||
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 | 8,495 | 11,084 | ||
Investment securities held to maturity, net of ACL | 167,009 | 167,147 | ||
Equity Securities | 0 | 0 | ||
Other investment securities | 0 | 0 | ||
Loans held for sale | 0 | 0 | ||
Loans held for investment, net of ACL | 11,106,809 | 10,900,400 | ||
Mortgage servicing rights | 44,710 | 42,132 | ||
Derivative Assets | 0 | 0 | ||
Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract] | ||||
Deposits | 0 | 0 | ||
Securities sold under agreements to repurchase | 0 | 0 | ||
Advances from FHLB | 0 | 0 | ||
Other borrowings | 187,246 | 177,689 | ||
Derivative Liabilities | $ 0 | $ 0 |
REVENUE FROM CONTRACTS WITH C_3
REVENUE FROM CONTRACTS WITH CUSTOMERS (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disaggregation Of Revenue [Line Items] | |||
Net interest income | $ 795,293 | $ 729,929 | $ 600,322 |
Noninterest Income | 123,092 | 121,164 | 111,226 |
Total Revenues | 918,385 | 851,093 | 711,548 |
Other non-interest income | 15,850 | 12,429 | 16,225 |
Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 37,823 | 35,284 | 24,612 |
Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 13,743 | 11,945 | 9,364 |
Total Revenues | 3,200 | 3,300 | 3,300 |
Other non-interest income | 5,000 | ||
Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 9,514 | 8,464 | 5,844 |
Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 30,902 | 28,064 | 19,765 |
Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 11,093 | 9,977 | 8,994 |
Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 20,017 | 27,430 | 42,647 |
Mortgage Banking Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 98,920 | 104,638 | 76,025 |
Noninterest Income | 15,950 | 24,278 | 22,069 |
Total Revenues | 114,870 | 128,916 | 98,094 |
Mortgage Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Mortgage Banking Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 341 | 771 | 342 |
Mortgage Banking Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 15,609 | 23,507 | 21,727 |
Consumer Retail Banking Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 442,624 | 281,703 | 220,678 |
Noninterest Income | 78,457 | 69,774 | 50,962 |
Total Revenues | 521,081 | 351,477 | 271,640 |
Consumer Retail Banking Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 21,906 | 20,083 | 13,286 |
Consumer Retail Banking Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 12,733 | 11,166 | 8,754 |
Consumer Retail Banking Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 6,622 | 6,279 | 4,516 |
Consumer Retail Banking Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 29,061 | 26,360 | 18,218 |
Consumer Retail Banking Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 4,558 | 4,185 | 2,900 |
Consumer Retail Banking Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 3,577 | 1,701 | 3,288 |
Commercial And Corporate Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 109,822 | 191,917 | 135,591 |
Noninterest Income | 18,189 | 16,032 | 12,606 |
Total Revenues | 128,011 | 207,949 | 148,197 |
Commercial And Corporate Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 12,412 | 11,807 | 8,026 |
Commercial And Corporate Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Commercial And Corporate Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 1,483 | 1,079 | 478 |
Commercial And Corporate Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 85 | 83 | 62 |
Commercial And Corporate Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 3,397 | 2,640 | 2,260 |
Commercial And Corporate Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 812 | 423 | 1,780 |
Treasury And Investments Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 39,600 | 59,331 | 87,879 |
Noninterest Income | (74) | 227 | 13,708 |
Total Revenues | 39,526 | 59,558 | 101,587 |
Treasury And Investments Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 0 |
Treasury And Investments Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 0 | 0 | 184 |
Treasury And Investments Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | (74) | 227 | 13,524 |
United States Operations Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 80,485 | 65,967 | 54,025 |
Noninterest Income | 2,860 | 3,963 | 4,630 |
Total Revenues | 83,345 | 69,930 | 58,655 |
United States Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 607 | 555 | 553 |
United States Operations Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 15 | 114 | 52 |
United States Operations Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 74 | 51 | 41 |
United States Operations Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | (7) | 19 | 16 |
United States Operations Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 2,113 | 1,825 | 1,800 |
United States Operations Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 58 | 1,399 | 2,168 |
Virgin Islands Operations Segment [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Net interest income | 23,842 | 26,373 | 26,124 |
Noninterest Income | 7,710 | 6,890 | 7,251 |
Total Revenues | 31,552 | 33,263 | 33,375 |
Virgin Islands Operations Segment [Member] | Service charges and fees on deposit accounts [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 2,898 | 2,839 | 2,747 |
Virgin Islands Operations Segment [Member] | Insurance commissions [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 995 | 665 | 558 |
Virgin Islands Operations Segment [Member] | Merchant-related income [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 1,335 | 1,055 | 809 |
Virgin Islands Operations Segment [Member] | Credit and debit card fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 1,763 | 1,602 | 1,469 |
Virgin Islands Operations Segment [Member] | Other service charges and fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | 684 | 556 | 1,508 |
Virgin Islands Operations Segment [Member] | Not inscope of Topic 606 [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Noninterest Income | $ 35 | $ 173 | $ 160 |
REVENUE FROM CONTRACTS WITH C_4
REVENUE FROM CONTRACTS WITH CUSTOMERS - Additional Information (Detail) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue from External Customer [Line Items] | ||||
Revenues | $ 918,385,000 | $ 851,093,000 | $ 711,548,000 | |
Contract With Customer Liability | 841,000 | 1,443,000 | 2,151,000 | $ 2,476,000 |
Rewards Liability | 9,200,000 | 8,800,000 | ||
Contract assets | 0 | 0 | ||
Insurance commissions [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Revenues | $ 3,200,000 | $ 3,300,000 | $ 3,300,000 |
REVENUE FROM CONTRACTS WITH C_5
REVENUE FROM CONTRACTS WITH CUSTOMERS - Activity of Contract Liability (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Contract with Customer, Liability [Abstract] | |||
Beginning balance | $ 1,443 | $ 2,151 | $ 2,476 |
Revenue recogized | (602) | (708) | (325) |
Ending balance | $ 841 | $ 1,443 | $ 2,151 |
SEGMENT INFORMATION - Additiona
SEGMENT INFORMATION - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2022 numberofreportableunits | |
SEGMENT INFORMATION [Abstract] | |
Number of reportable segments | 6 |
SEGMENT INFORMATION - Informati
SEGMENT INFORMATION - Information about Reportable Segments (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Interest income | $ 862,614 | $ 794,708 | $ 692,982 |
Interest expense | (67,321) | (64,779) | (92,660) |
Net interest income | 795,293 | 729,929 | 600,322 |
Provision for credit losses - (benefit) expense | (25,679) | 61,720 | (168,717) |
Non-interest income | 123,092 | 121,164 | 111,226 |
Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 862,614 | 794,708 | 692,982 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 |
Interest expense | (67,321) | (64,779) | (92,660) |
Net interest income | 795,293 | 729,929 | 600,322 |
Provision for credit losses - (benefit) expense | 27,696 | (65,698) | 170,985 |
Non-interest income | 123,092 | 121,164 | 111,226 |
Direct non-interest expenses | 287,821 | 296,780 | 258,864 |
Segment income | 602,868 | 620,011 | 281,699 |
Average earnings assets | 18,516,894 | 19,235,941 | 14,201,505 |
Mortgage Banking Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 98,920 | 104,638 | 76,025 |
Non-interest income | 15,950 | 24,278 | 22,069 |
Mortgage Banking Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 130,185 | 144,203 | 128,043 |
Net (charge) credit for transfer of funds | (31,265) | (39,565) | (52,018) |
Interest expense | 0 | 0 | 0 |
Net interest income | 98,920 | 104,638 | 76,025 |
Provision for credit losses - (benefit) expense | (7,643) | (16,030) | 22,518 |
Non-interest income | 15,950 | 24,278 | 22,069 |
Direct non-interest expenses | 23,049 | 29,125 | 33,054 |
Segment income | 99,464 | 115,821 | 42,522 |
Average earnings assets | 2,233,245 | 2,506,365 | 2,241,753 |
Consumer Retail Banking Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 442,624 | 281,703 | 220,678 |
Non-interest income | 78,457 | 69,774 | 50,962 |
Consumer Retail Banking Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 302,631 | 271,127 | 240,725 |
Net (charge) credit for transfer of funds | 173,917 | 38,859 | 18,771 |
Interest expense | (33,924) | (28,283) | (38,818) |
Net interest income | 442,624 | 281,703 | 220,678 |
Provision for credit losses - (benefit) expense | 57,123 | 20,322 | 54,094 |
Non-interest income | 78,457 | 69,774 | 50,962 |
Direct non-interest expenses | 162,663 | 165,357 | 131,133 |
Segment income | 301,295 | 165,798 | 86,413 |
Average earnings assets | 2,918,800 | 2,551,278 | 2,202,595 |
Commercial And Corporate Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 109,822 | 191,917 | 135,591 |
Non-interest income | 18,189 | 16,032 | 12,606 |
Commercial And Corporate Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 205,888 | 201,684 | 155,254 |
Net (charge) credit for transfer of funds | (96,066) | (9,767) | (19,663) |
Interest expense | 0 | 0 | 0 |
Net interest income | 109,822 | 191,917 | 135,591 |
Provision for credit losses - (benefit) expense | (20,241) | (67,544) | 74,607 |
Non-interest income | 18,189 | 16,032 | 12,606 |
Direct non-interest expenses | 37,131 | 36,219 | 28,631 |
Segment income | 111,121 | 239,274 | 44,959 |
Average earnings assets | 3,626,107 | 3,793,945 | 3,039,786 |
Treasury And Investments Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 39,600 | 59,331 | 87,879 |
Non-interest income | (74) | 227 | 13,708 |
Treasury And Investments Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 104,215 | 67,841 | 55,003 |
Net (charge) credit for transfer of funds | (43,838) | 14,687 | 59,074 |
Interest expense | (20,777) | (23,197) | (26,198) |
Net interest income | 39,600 | 59,331 | 87,879 |
Provision for credit losses - (benefit) expense | (434) | (136) | 2,774 |
Non-interest income | (74) | 227 | 13,708 |
Direct non-interest expenses | 3,702 | 4,093 | 3,449 |
Segment income | 36,258 | 55,601 | 95,364 |
Average earnings assets | 7,300,208 | 7,827,326 | 4,232,144 |
United States Operations Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 80,485 | 65,967 | 54,025 |
Non-interest income | 2,860 | 3,963 | 4,630 |
United States Operations Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 94,782 | 82,194 | 84,169 |
Net (charge) credit for transfer of funds | (2,748) | (4,214) | (6,164) |
Interest expense | (11,549) | (12,013) | (23,980) |
Net interest income | 80,485 | 65,967 | 54,025 |
Provision for credit losses - (benefit) expense | (3,073) | (975) | 12,592 |
Non-interest income | 2,860 | 3,963 | 4,630 |
Direct non-interest expenses | 33,365 | 33,902 | 33,782 |
Segment income | 53,053 | 37,003 | 12,281 |
Average earnings assets | 2,069,030 | 2,126,528 | 2,026,619 |
Virgin Islands Operations Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 23,842 | 26,373 | 26,124 |
Non-interest income | 7,710 | 6,890 | 7,251 |
Virgin Islands Operations Segment [Member] | Operating Segments [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 24,913 | 27,659 | 29,788 |
Net (charge) credit for transfer of funds | 0 | 0 | 0 |
Interest expense | (1,071) | (1,286) | (3,664) |
Net interest income | 23,842 | 26,373 | 26,124 |
Provision for credit losses - (benefit) expense | 1,964 | (1,335) | 4,400 |
Non-interest income | 7,710 | 6,890 | 7,251 |
Direct non-interest expenses | 27,911 | 28,084 | 28,815 |
Segment income | 1,677 | 6,514 | 160 |
Average earnings assets | $ 369,504 | $ 430,499 | $ 458,608 |
SEGMENT INFORMATION - Reconcili
SEGMENT INFORMATION - Reconciliation of Reportable Segment Financial Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Income (Loss): | |||
Income before income taxes | $ 447,584 | $ 427,817 | $ 116,323 |
Income tax expense | 142,512 | 146,792 | 14,050 |
Net income | 305,072 | 281,025 | 102,273 |
Segment Reconciling Items [Member] | |||
Net Income (Loss): | |||
Segment income | 602,868 | 620,011 | 281,699 |
Other operating expenses | 155,284 | 192,194 | 165,376 |
Income before income taxes | 447,584 | 427,817 | 116,323 |
Income tax expense | 142,512 | 146,792 | 14,050 |
Net income | 305,072 | 281,025 | 102,273 |
Average assets: | |||
Total average earning assets for segments | 18,516,894 | 19,235,941 | 14,201,505 |
Average non-earning assets | 861,755 | 1,067,092 | 1,031,141 |
Total consolidated average assets | $ 19,378,649 | $ 20,303,033 | $ 15,232,646 |
SEGMENT INFORMATION - revenues
SEGMENT INFORMATION - revenues and selected balance sheet data by geography based on the location (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Total revenues | $ 985,706 | $ 915,872 | $ 804,208 |
Total assets | 18,634,484 | 20,785,275 | |
Deposits | 16,143,467 | 17,784,894 | |
Brokered CDs | 105,826 | 100,417 | |
Puerto Rico [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 855,441 | 795,166 | 678,370 |
Total assets | 16,020,987 | 18,175,910 | 16,091,112 |
Total gross loans held for investment portfolio | 9,097,013 | 8,755,434 | 9,367,032 |
Deposits | 12,933,570 | 14,113,874 | 12,338,934 |
Brokered CDs | 1,400 | 34,200 | 109,000 |
United States [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 97,642 | 86,157 | 88,799 |
Total assets | 2,213,333 | 2,189,440 | 2,117,966 |
Total gross loans held for investment portfolio | 2,088,351 | 1,948,716 | 1,993,797 |
Deposits | 1,623,725 | 1,928,749 | 1,622,481 |
Brokered CDs | 104,400 | 66,200 | 107,100 |
Virgin Islands [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 32,623 | 34,549 | 37,039 |
Total assets | 400,164 | 419,925 | 583,993 |
Total gross loans held for investment portfolio | 379,767 | 391,663 | 466,749 |
Deposits | $ 1,586,172 | $ 1,742,271 | $ 1,355,968 |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash paid for: | |||
Interest on borrowings | $ 65,986 | $ 68,668 | $ 94,872 |
Income tax | 51,798 | 15,477 | 16,713 |
Operating cash flow from operating leases | 18,202 | 19,328 | 13,464 |
Non-cash investing and financing activities: | |||
Additions to OREO | 15,350 | 19,348 | 7,249 |
Additions to auto and other repossessed assets | 45,607 | 33,408 | 36,203 |
Capitalization of servicing assets | 3,122 | 5,194 | 4,864 |
Loan securitizations | 141,909 | 191,434 | 221,491 |
Loans held for investment transferred to held for sale | 4,632 | 33,010 | 10,817 |
Payable related to unsettled purchase of available-for-sale investment securities | 0 | 0 | 24,033 |
ROU asset obtained in exchange for operating lease liabilities | 2,733 | 4,553 | 1,328 |
Acquisition: | |||
Consideration | 0 | 584 | 1,280,424 |
Fair value of assets acquired | 0 | 605 | 5,561,564 |
Liabilities assumed | $ 0 | $ 0 | $ 4,291,674 |
REGULATORY MATTERS, CASH REST_3
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Jan. 01, 2020 |
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Percentage Of Increase In ACL Adjusted In Capital Measures | 25% | |
CECL, amount excluded to be phased-on during after two years | $ 48.6 | |
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Cumulative Effect Of New Accounting Principle In Period Of Adoption 1 | $ (16.2) | |
Basel III [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Capital Conservation Buffer | 2.50% |
REGULATORY MATTERS, CASH REST_4
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES - Additional Information II (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Restricted Cash and Cash Equivalents Items [Line Items] | ||
Deposits with other financial institutions | $ 300 | $ 300 |
Minimum [Member] | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ||
Average Weekly Demand Deposit Reserve | 1,100,000 | 1,200,000 |
Time Deposits [Member] | ||
Restricted Cash and Cash Equivalents Items [Line Items] | ||
Deposits with other financial institutions | $ 300 | $ 300 |
REGULATORY MATTERS, CASH REST_5
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES - Regulatory capital positions (Detail) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
First BanCorp [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,385,866 | $ 2,433,953 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 19.21 | 20.50 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 993,405 | $ 949,637 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,052,333 | $ 2,112,630 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 16.53 | 17.80 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required For Captial Adequacy | $ 558,790 | $ 534,171 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required For Captial Adequacy Ratio | 4.5 | 4.5 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,052,333 | $ 2,112,630 |
Tier 1 Captial (to Risk-Weighted Assets) Actual Ratio | 16.53 | 17.80 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 745,054 | $ 712,228 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Leverage Ratio Actual Amount | $ 2,052,333 | $ 2,112,630 |
Leverage Ratio Actual Ratio | 10.70 | 10.14 |
Leverage Ratio Required For Captial Adequacy | $ 767,075 | $ 833,091 |
Leverage Ratio Required For Capital Adequancy Ratio | 4 | 4 |
FirstBank [Member] | ||
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items] | ||
Total Capital (to Risk-Weighted Assets) Actual | $ 2,346,093 | $ 2,401,390 |
Total Capital (to Risk-Weighted Assets) Actual Ratio | 18.90 | 20.23 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 993,264 | $ 949,556 |
Total Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 8 | 8 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 1,241,580 | $ 1,186,944 |
Total Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 10 | 10 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,090,832 | $ 2,150,317 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual Ratio | 16.84 | 18.12 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required For Captial Adequacy | $ 558,711 | $ 534,125 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required For Captial Adequacy Ratio | 4.5 | 4.5 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 807,027 | $ 771,514 |
Common Equity Tier 1 Captial (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 6.5 | 6.5 |
Tier 1 Capital (to Risk-Weighted Assets) Actual | $ 2,190,832 | $ 2,258,317 |
Tier 1 Captial (to Risk-Weighted Assets) Actual Ratio | 17.65 | 19.03 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy | $ 744,948 | $ 712,167 |
Tier 1 Capital (to Risk-Weighted Assets) Required For Capital Adequacy Ratio | 6 | 6 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized | $ 993,264 | $ 949,556 |
Tier 1 Capital (to Risk-Weighted Assets) Required To Be Well Capitalized Ratio | 8 | 8 |
Leverage Ratio Actual Amount | $ 2,190,832 | $ 2,258,317 |
Leverage Ratio Actual Ratio | 11.43 | 10.85 |
Leverage Ratio Required For Captial Adequacy | $ 766,714 | $ 832,773 |
Leverage Ratio Required For Capital Adequancy Ratio | 4 | 4 |
Leverage Ratio Required To Be Well Capitalized | $ 958,392 | $ 1,040,967 |
Leverage Ratio Required To Be Well Capitalized Ratio | 5 | 5 |
REGULATORY MATTERS, CASH REST_6
REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES - Summary of Commitments (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Commercial Letters Of Credit [Member] | ||
Other Commitments [Line Items] | ||
Commitmets to extend credit | $ 68,647 | $ 151,140 |
Standby letters of credit [Member] [Member] | ||
Other Commitments [Line Items] | ||
Commitmets to extend credit | 9,160 | 4,342 |
Commercial lines of credit [Member] | ||
Other Commitments [Line Items] | ||
Commitmets to extend credit | 761,634 | 725,259 |
Unused personal lines of credit [Member] | ||
Other Commitments [Line Items] | ||
Commitmets to extend credit | 978,219 | 1,180,824 |
Construction undisbursed funds [Member] | ||
Other Commitments [Line Items] | ||
Commitmets to extend credit | $ 170,639 | $ 197,917 |
FIRST BANCORP. (Holding Compa_3
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Financial Condition (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
ASSETS | |||
Cash and due from banks | $ 478,480 | $ 2,540,376 | $ 1,433,261 |
Other assets | 305,633 | 234,143 | |
Total assets | 18,634,484 | 20,785,275 | |
Liabilities: | |||
Other borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 231,582 | 214,852 | |
Liabilities | 17,308,944 | 18,683,508 | |
Stockholders Equity | 1,325,540 | 2,101,767 | $ 2,275,179 |
Total liabilities and stockholders' equity | 18,634,484 | 20,785,275 | |
Holding Company [Member] | |||
ASSETS | |||
Cash and due from banks | 19,279 | 20,751 | |
Other investment securities | 735 | 285 | |
Dividends receivable | 624 | 295 | |
Other assets | 430 | 71 | |
Total assets | 1,519,376 | 2,293,724 | |
Liabilities: | |||
Other borrowings | 183,762 | 183,762 | |
Accounts payable and other liabilities | 10,074 | 8,195 | |
Liabilities | 193,836 | 191,957 | |
Stockholders Equity | 1,325,540 | 2,101,767 | |
Total liabilities and stockholders' equity | 1,519,376 | 2,293,724 | |
Holding Company [Member] | Firstbank Puerto Rico [Member] | |||
ASSETS | |||
Equity Method Investments | 1,464,026 | 2,247,289 | |
Holding Company [Member] | FirstBank Insurance Agency | |||
ASSETS | |||
Equity Method Investments | 28,770 | 19,521 | |
Holding Company [Member] | FBP Statutory Trust I [Member] | |||
ASSETS | |||
Equity Method Investments | 1,951 | 1,951 | |
Holding Company [Member] | FBP Statutory Trust II [Member] | |||
ASSETS | |||
Equity Method Investments | $ 3,561 | $ 3,561 |
FIRST BANCORP. (Holding Compa_4
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income: | |||
Interest income on money market investments | $ 102,922 | $ 72,893 | $ 58,547 |
Expense: | |||
Gain on early extinguishment of debt | 0 | 0 | 94 |
Income tax expense | 142,512 | 146,792 | 14,050 |
Net income | 305,072 | 281,025 | 102,273 |
Other comprehensive (loss) income, net of tax | (720,779) | (139,454) | 48,691 |
Comprehensive income | (415,707) | 141,571 | 150,964 |
Holding Company [Member] | |||
Income: | |||
Interest income on money market investments | 79 | 51 | 71 |
Other income | 248 | 154 | 439 |
Total income | 368,997 | 128,265 | 53,217 |
Expense: | |||
Other borrowings | 8,253 | 5,135 | 6,355 |
Other operating expenses | 1,730 | 1,929 | 2,097 |
Total expenses | 9,983 | 7,064 | 8,452 |
Gain on early extinguishment of debt | 0 | 0 | 94 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 359,014 | 121,201 | 44,859 |
Income tax expense | 3,448 | 2,854 | 2,429 |
Equity in undistributed earnings of subsidiaries (distributions in excess of earnigs) | (50,494) | 162,678 | 59,843 |
Net income | 305,072 | 281,025 | 102,273 |
Other comprehensive (loss) income, net of tax | (720,779) | (139,454) | 48,691 |
Comprehensive income | (415,707) | 141,571 | 150,964 |
Investment In Banking Subsidiary [Member] | Holding Company [Member] | |||
Income: | |||
Dividend income | 368,670 | 98,060 | 52,707 |
Non-Banking Subsidiaries [Member] | Holding Company [Member] | |||
Income: | |||
Dividend income | $ 0 | $ 30,000 | $ 0 |
FIRST BANCORP. (Holding Compa_5
FIRST BANCORP. (Holding Company Only) Financial Information - Statements of Cash Flows (Detail) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities: | |||
Net income | $ 305,072 | $ 281,025 | $ 102,273 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Stock-based compensation | 5,407 | 5,460 | 5,117 |
Gain on early extinguishment of debt | 0 | 0 | (94) |
Net decrease (increase) in other assets | (2,437) | 24,344 | (5,018) |
Net increase (decrease) in other liabilities | 20,437 | (12,506) | 9,116 |
Net cash provided by operating activities | 440,485 | 399,721 | 297,738 |
Cash flows from investing activities: | |||
Net cash provided by investing activities | (681,460) | (1,262,975) | (1,238,865) |
Cash flows from financing activities: | |||
Repurchase of common stock | (277,769) | (216,522) | (206) |
Dividends paid on common stock | (87,824) | (65,021) | (43,416) |
Dividends paid on preferred stock | 0 | (2,453) | (2,676) |
Redemption of preferred stock - Series A through E | 0 | (36,104) | 0 |
Net cash used in financing activities | (1,821,578) | 1,912,479 | 1,790,861 |
Net (decrease) increase in cash and cash equivalents | (2,062,553) | 1,049,225 | 849,734 |
Cash and cash equivalents at beginning of year | 2,543,058 | 1,493,833 | 644,099 |
Cash and cash equivalents at end of year | 480,505 | 2,543,058 | 1,493,833 |
Cash and cash equivalents include: | |||
Money market instruments | 2,025 | 2,682 | 60,572 |
Holding Company [Member] | |||
Cash flows from operating activities: | |||
Net income | 305,072 | 281,025 | 102,273 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Stock-based compensation | 148 | 149 | 231 |
Equity in undistributed earnings of subsidiaries | 50,494 | (162,678) | (59,843) |
Gain on early extinguishment of debt | 0 | 0 | (94) |
Net decrease (increase) in other assets | (688) | 1,657 | (1,514) |
Net increase (decrease) in other liabilities | 1,545 | 3,578 | (459) |
Net cash provided by operating activities | 356,571 | 123,731 | 40,594 |
Cash flows from investing activities: | |||
Purchase of equity securities | (450) | 0 | 0 |
Return of capital from wholly-owned subsidiaries | 8,000 | 200,000 | 0 |
Net cash provided by investing activities | 7,550 | 200,000 | 0 |
Cash flows from financing activities: | |||
Repurchase of common stock | (277,769) | (216,522) | (206) |
Repayment of junior subordinated debentures | 0 | 0 | (282) |
Dividends paid on common stock | (87,824) | (65,021) | (43,416) |
Dividends paid on preferred stock | 0 | (2,453) | (2,676) |
Redemption of preferred stock - Series A through E | 0 | (36,104) | 0 |
Net cash used in financing activities | (365,593) | (320,100) | (46,580) |
Net (decrease) increase in cash and cash equivalents | (1,472) | 3,631 | (5,986) |
Cash and cash equivalents at beginning of year | 20,751 | 17,120 | 23,106 |
Cash and cash equivalents at end of year | 19,279 | 20,751 | 17,120 |
Cash and cash equivalents include: | |||
Cash and due from banks | 19,279 | 20,751 | 10,909 |
Money market instruments | 0 | 0 | $ 6,211 |
Subsidiaries [Member] | |||
Cash flows from financing activities: | |||
Redemption of preferred stock - Series A through E | $ (8,000) | $ (200,000) | |
Cash and cash equivalents include: | |||
Number Of Redeemed Preferred Stock | 0.3 | 8 |