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Debt securities available-for-sale (Tables)

12 Months Ended

Dec. 31, 2018

Investments Abstract

Debt Securities, Available-For-Sale

		At December 31, 2018
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
U.S. Treasury securities
	Within 1 year	$	3,565,571	$	108	$	5,319	$	3,560,360	2.10	%
	After 1 to 5 years		4,483,741		13,647		35,213		4,462,175	2.25
	After 5 to 10 years		245,891		3,770		-		249,661	2.84
Total U.S. Treasury securities			8,295,203		17,525		40,532		8,272,196	2.21
Obligations of U.S. Government sponsored entities
	Within 1 year		212,951		-		1,406		211,545	1.44
	After 1 to 5 years		123,857		1		2,094		121,764	1.51
Total obligations of U.S. Government sponsored entities			336,808		1		3,500		333,309	1.47
Obligations of Puerto Rico, States and political subdivisions
	After 1 to 5 years		6,926		-		184		6,742	0.70
Total obligations of Puerto Rico, States and political subdivisions			6,926		-		184		6,742	0.70
Collateralized mortgage obligations - federal agencies
	After 1 to 5 years		749		-		7		742	1.92
	After 5 to 10 years		115,744		1		4,715		111,030	1.71
	After 10 years		638,995		1,584		23,680		616,899	2.10
Total collateralized mortgage obligations - federal agencies			755,488		1,585		28,402		728,671	2.04
Mortgage-backed securities
	Within 1 year		431		4		-		435	4.30
	After 1 to 5 years		6,762		43		1		6,804	2.74
	After 5 to 10 years		365,727		1,090		8,499		358,318	2.19
	After 10 years		3,710,731		10,679		128,189		3,593,221	2.45
Total mortgage-backed securities			4,083,651		11,816		136,689		3,958,778	2.43
Other
	After 5 to 10 years		486		2		-		488	3.62
Total other			486		2		-		488	3.62
Total debt securities available-for-sale[1]		$	13,478,562	$	30,929	$	209,307	$	13,300,184	2.25	%
[1] Includes $8.9 billion pledged to secure public and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $7.9 billion serve as collateral for public funds.

		At December 31, 2017
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
U.S. Treasury securities
	Within 1 year	$	1,112,791	$	8	$	2,101	$	1,110,698	1.06	%
	After 1 to 5 years		2,550,116		-		26,319		2,523,797	1.55
	After 5 to 10 years		293,579		281		191		293,669	2.24
Total U.S. Treasury securities			3,956,486		289		28,611		3,928,164	1.46
Obligations of U.S. Government sponsored entities
	Within 1 year		276,304		21		818		275,507	1.26
	After 1 to 5 years		336,922		22		3,518		333,426	1.48
Total obligations of U.S. Government sponsored entities			613,226		43		4,336		608,933	1.38
Obligations of Puerto Rico, States and political subdivisions
	After 1 to 5 years		6,668		-		59		6,609	2.30
Total obligations of Puerto Rico, States and political subdivisions			6,668		-		59		6,609	2.30
Collateralized mortgage obligations - federal agencies
	Within 1 year		40		-		-		40	2.60
	After 1 to 5 years		16,972		173		75		17,070	2.90
	After 5 to 10 years		36,186		57		526		35,717	2.31
	After 10 years		914,568		2,789		26,431		890,926	2.01
Total collateralized mortgage obligations - federal agencies			967,766		3,019		27,032		943,753	2.03
Mortgage-backed securities
	Within 1 year		484		8		-		492	4.23
	After 1 to 5 years		14,599		206		211		14,594	3.50
	After 5 to 10 years		339,161		2,390		3,765		337,786	2.21
	After 10 years		4,385,368		19,493		69,071		4,335,790	2.46
Total mortgage-backed securities			4,739,612		22,097		73,047		4,688,662	2.44
Other
	After 5 to 10 years		789		13		-		802	3.62
Total other			789		13		-		802	3.62
Total debt securities available-for-sale[1]		$	10,284,547	$	25,461	$	133,085	$	10,176,923	1.96	%
[1] Includes $6.6 billion pledged to secure public and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $5.6 billion serve as collateral for public funds.

Schedule Of Aggregate Amortized Cost And Fair Value Of Afs By Contractual Maturity

(In thousands)		Amortized cost		Fair value
Within 1 year	$	3,778,953	$	3,772,340
After 1 to 5 years		4,622,035		4,598,227
After 5 to 10 years		727,848		719,497
After 10 years		4,349,726		4,210,120
Total debt securities available-for-sale	$	13,478,562	$	13,300,184

Schedule Of Realized Gain Loss

	Years ended December 31,
(In thousands)		2018		2017		2016
Gross realized gains	$	-	$	95	$	38
Gross realized losses		-		(12)		-
Net realized gains on sale of debt securities available-for-sale	$	-	$	83	$	38

Debt Securities Available For Sale Unrealized Loss Position Fair Value

		At December 31, 2018
		Less than 12 months				12 months or more				Total
				Gross				Gross				Gross
		Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)		value		losses		value		losses		value		losses
U.S. Treasury securities		$	3,189,007	$	4,188	$	2,607,276	$	36,343	$	5,796,283	$	40,531
Obligations of U.S. Government sponsored entities			14,847		46		318,271		3,454		333,118		3,500
Obligations of Puerto Rico, States and political
	subdivisions		-		-		6,742		184		6,742		184
Collateralized mortgage obligations - federal agencies			66,652		489		587,869		27,913		654,521		28,402
Mortgage-backed securities			125,872		2,280		3,478,635		134,410		3,604,507		136,690
Total debt securities available-for-sale in an
	unrealized loss position	$	3,396,378	$	7,003	$	6,998,793	$	202,304	$	10,395,171	$	209,307

		At December 31, 2017
		Less than 12 months				12 months or more				Total
				Gross				Gross				Gross
		Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)		value		losses		value		losses		value		losses
U.S. Treasury securities		$	2,608,473	$	14,749	$	1,027,066	$	13,862	$	3,635,539	$	28,611
Obligations of U.S. Government sponsored entities			214,670		1,108		376,807		3,228		591,477		4,336
Obligations of Puerto Rico, States and political
	subdivisions		6,609		59		-		-		6,609		59
Collateralized mortgage obligations - federal agencies			153,336		2,110		595,339		24,922		748,675		27,032
Mortgage-backed securities			1,515,295		12,529		2,652,359		60,518		4,167,654		73,047
Total debt securities available-for-sale in an
	unrealized loss position	$	4,498,383	$	30,555	$	4,651,571	$	102,530	$	9,149,954	$	133,085

Schedule Of Securities Aggregate Amortized Cost Exceed 10 Of Stockholders Equity

		2018				2017
(In thousands)	Amortized cost		Fair value		Amortized cost		Fair value
FNMA	$	2,999,110	$	2,901,904	$	3,621,537	$	3,572,474
Freddie Mac		1,095,855		1,058,013		1,358,708		1,335,685

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Tabular disclosure of the amortized cost and fair value of available for sale securities according to their maturity dates.

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The following table states the name of issuers, and the aggregate amortized cost and fair value of the securities of such issuer (includes available for sale and held to maturity securities), in which the aggregate amortized cost of such securities exceeds 10% of stockholders equity.

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of fair value amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-Subparagraph (a)
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Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
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