XML 187 R24.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Other Real Estate Owned | 12 Months Ended
--- | ---
Dec. 31, 2019
Other Real Estate [Abstract] |
Other Real Estate Owned | Note 14 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the years ended December 31, 2019, 2018 and 2017.
|  | For the year ended December 31, 2019
|  | Non-covered |  | Non-covered |  |
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 21,794 | $ | 114,911 | $ | 136,705
Write-downs in value |  | (1,584) |  | (4,541) |  | (6,125)
Additions |  | 6,801 |  | 62,630 |  | 69,431
Sales |  | (9,892) |  | (67,137) |  | (77,029)
Other adjustments |  | (160) |  | (750) |  | (910)
Ending balance | $ | 16,959 | $ | 105,113 | $ | 122,072
|  |  | For the year ended December 31, 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 |  | (2,974) |  | (10,380) |  | (287) |  | (13,641)
Additions |  | 10,688 |  | 41,167 |  | - |  | 51,855
Sales |  | (8,108) |  | (78,330) |  | (3,282) |  | (89,720)
Other adjustments |  | 777 |  | (728) |  | (693) |  | (644)
Transfer to non-covered status[1] |  | - |  | 15,333 |  | (15,333) |  | -
Ending balance | $ | 21,794 | $ | 114,911 | $ | - | $ | 136,705
[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 year ended December 31, 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] |  | (5,011) |  | (16,876) |  | (3,311) |  | (25,198)
Additions |  | 8,918 |  | 70,763 |  | 9,912 |  | 89,593
Sales |  | (2,765) |  | (68,145) |  | (16,273) |  | (87,183)
Other adjustments |  | (132) |  | 2,063 |  | (2,861) |  | (930)
Ending balance | $ | 21,411 | $ | 147,849 | $ | 19,595 | $ | 188,855
[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.

X
- References No definition available. + Details
Name: | us-gaap_OtherRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration