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Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2018

Other Real Estate

Other Real Estate Owned Roll Forward [Table Text Block]


		For the quarter ended September 30, 2018
		Non-covered		Non-covered
		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	25,262	$	116,801	$	142,063
Write-downs in value		(487)		(2,584)		(3,071)
Additions		2,006		11,517		13,523
Sales		(1,309)		(17,296)		(18,605)
Other adjustments		-		(130)		(130)
Ending balance	$	25,472	$	108,308	$	133,780

		For the nine months ended September 30, 2018
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	21,411	$	147,849	$	19,595	$	188,855
Write-downs in value		(1,889)		(9,123)		(287)		(11,299)
Additions		9,047		17,047		-		26,094
Sales		(3,932)		(62,051)		(3,282)		(69,265)
Other adjustments		835		(747)		(693)		(605)
Transfer to non-covered status^[1]		-		15,333		(15,333)		-
Ending balance	$	25,472	$	108,308	$	-	$	133,780
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the Termination Agreement of all shared-loss agreements with the Federal Deposit Insurance Corporation related to loans acquired from Westernbank, that was completed on May 22, 2018.


		For the quarter ended September 30, 2017
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	23,949	$	157,147	$	25,350	$	206,446
Write-downs in value^[1]		(2,702)		(2,856)		(234)		(5,792)
Additions		982		18,669		1,560		21,211
Sales		(743)		(18,185)		(4,395)		(23,323)
Other adjustments		-		467		(736)		(269)
Ending balance	$	21,486	$	155,242	$	21,545	$	198,273
[1] Includes $2.7 million related to the damages from Hurricane Maria, of which $1.3 million were for commercial and $1.4 million for residential.

		For the nine months ended September 30, 2017
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	20,401	$	160,044	$	32,128	$	212,573
Write-downs in value^[1]		(4,681)		(14,715)		(2,980)		(22,376)
Additions		8,604		69,585		9,775		87,964
Sales		(2,707)		(61,068)		(15,184)		(78,959)
Other adjustments		(131)		1,396		(2,194)		(929)
Ending balance	$	21,486	$	155,242	$	21,545	$	198,273
[1] Includes $2.7 million related to the damages from Hurricane Maria, of which $1.3 million were for commercial and $1.4 million for residential.