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Debt securities held-to-maturity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Investments [Abstract] |
Debt Securities, Held-to-maturity |
|  | At March 31, 2020 |
|  |  |  |  | Allowance |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized |  | for Credit |  | Net of | unrealized | unrealized | Fair | average |
(In thousands) | cost |  | Losses |  | Allowance | gains | losses | value | yield |
Obligations of Puerto Rico, States and political subdivisions |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 3,920 | $ | 191 | $ | 3,729 | $ | - | $ | 27 | $ | 3,702 | 6.05 | %
| After 1 to 5 years |  | 16,390 |  | 1,683 |  | 14,707 |  | - |  | 131 |  | 14,576 | 6.13 |
| After 5 to 10 years |  | 16,660 |  | 1,424 |  | 15,236 |  | - |  | 1,880 |  | 13,356 | 2.81 |
| After 10 years |  | 46,191 |  | 10,092 |  | 36,099 |  | 3,083 |  | 2,520 |  | 36,662 | 1.65 |
Total obligations of Puerto Rico, States and political subdivisions |  | 83,161 |  | 13,390 |  | 69,771 |  | 3,083 |  | 4,558 |  | 68,296 | 2.97 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 41 |  | - |  | 41 |  | 2 |  | - |  | 43 | 6.44 |
Total collateralized mortgage obligations - federal agencies |  | 41 |  | - |  | 41 |  | 2 |  | - |  | 43 | 6.44 |
Securities in wholly owned statutory business trusts |  |  |  |  |  |  |  |  |  |  |  |  |  |
| After 10 years |  | 11,561 |  | - |  | 11,561 |  | - |  | - |  | 11,561 | 6.51 |
Total securities in wholly owned statutory business trusts |  | 11,561 |  | - |  | 11,561 |  | - |  | - |  | 11,561 | 6.51 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 500 |  | - |  | 500 |  | - |  | - |  | 500 | 2.97 |
Total other |  | 500 |  | - |  | 500 |  | - |  | - |  | 500 | 2.97 |
Total debt securities held-to-maturity | $ | 95,263 | $ | 13,390 | $ | 81,873 | $ | 3,085 | $ | 4,558 | $ | 80,400 | 3.40 | %
|  | At December 31, 2019 |
|  |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized | unrealized | unrealized | Fair | average |
(In thousands) | cost | gains | losses | value | yield |
Obligations of Puerto Rico, States and political subdivisions |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 3,745 | $ | - | $ | 11 | $ | 3,734 | 6.01 | %
| After 1 to 5 years |  | 17,580 |  | - |  | 320 |  | 17,260 | 6.11 |
| After 5 to 10 years |  | 18,195 |  | - |  | 1,607 |  | 16,588 | 3.11 |
| After 10 years |  | 46,036 |  | 9,384 |  | - |  | 55,420 | 1.67 |
Total obligations of Puerto Rico, States and political subdivisions |  | 85,556 |  | 9,384 |  | 1,938 |  | 93,002 | 3.08 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 45 |  | 2 |  | - |  | 47 | 6.44 |
Total collateralized mortgage obligations - federal agencies |  | 45 |  | 2 |  | - |  | 47 | 6.44 |
Securities in wholly owned statutory business trusts |  |  |  |  |  |  |  |  |  |
| After 10 years |  | 11,561 |  | - |  | - |  | 11,561 | 6.51 |
Total securities in wholly owned statutory business trusts |  | 11,561 |  | - |  | - |  | 11,561 | 6.51 |
Other |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 500 |  | - |  | - |  | 500 | 2.97 |
Total other |  | 500 |  | - |  | - |  | 500 | 2.97 |
Total debt securities held-to-maturity | $ | 97,662 | $ | 9,386 | $ | 1,938 | $ | 105,110 | 3.49 | %
Debt Securities Held To Maturity Unrealized Loss Position Fair Value |
|  | At December 31, 2019
|  | 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
Obligations of Puerto Rico, States and political subdivisions | $ | 17,544 | $ | 291 | $ | 12,673 | $ | 1,647 | $ | 30,217 | $ | 1,938
Total debt securities held-to-maturity in an unrealized loss position | $ | 17,544 | $ | 291 | $ | 12,673 | $ | 1,647 | $ | 30,217 | $ | 1,938
Debt securities held to maturity credit quality indicator |
At March 31, 2020
(In thousands) |  | Securities issued by Puerto Rico Municipalities
Watch | $ | 22,230
Special Mention |  | 15,395
Ending Balance | $ | 37,625
Debt securities held to maturity allowance for credit loss | Allowance for credit losses on debt securities held-to-maturity The following table provides the activity in the allowance for credit losses related to debt securities held-to-maturity by security type for the period ended March 31, 2020.
| At March 31, 2020
(In thousands) |  | Obligations of Puerto Rico, States and political subdivisions |  | Collateralized mortgage obligations - federal agencies |  | Securities in wholly owned statutory business trusts |  | Other |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |
| Beginning balance, January 1, 2020 | $ | - | $ | - | $ | - | $ | - | $ | -
| Impact of adopting CECL |  | 12,654 |  | - |  | - |  | - |  | 12,654
| Provision for credit loss expense (reversal of provision) |  | 736 |  | - |  | - |  | - |  | 736
| Securities charged-off |  | - |  | - |  | - |  | - |  | -
| Recoveries |  | - |  | - |  | - |  | - |  | -
Ending Balance | $ | 13,390 | $ | - | $ | - | $ | - | $ | 13,390

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