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Transfers of financial assets and mortgage servicing assets (Tables)

9 Months Ended

Sep. 30, 2020

Transfers and Servicing of Financial Assets

Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]

		Proceeds Obtained During the Quarter Ended September 30, 2020
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	99,576	$	-	$	99,576
Mortgage-backed securities - FNMA		-		54,390		-		54,390
Total trading account debt securities	$	-	$	153,966	$	-	$	153,966
Mortgage servicing rights	$	-	$	-	$	1,737	$	1,737
Total	$	-	$	153,966	$	1,737	$	155,703

		Proceeds Obtained During the Nine Months Ended September 30, 2020
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	213,608	$	-	$	213,608
Mortgage-backed securities - FNMA		-		93,904		-		93,904
Total trading account debt securities	$	-	$	307,512	$	-	$	307,512
Mortgage servicing rights	$	-	$	-	$	4,324	$	4,324
Total	$	-	$	307,512	$	4,324	$	311,836

		Proceeds Obtained During the Quarter Ended September 30, 2019
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	88,139	$	-	$	88,139
Mortgage-backed securities - FNMA		-		32,519		-		32,519
Total trading account debt securities	$	-	$	120,658	$	-	$	120,658
Mortgage servicing rights	$	-	$	-	$	2,216	$	2,216
Total	$	-	$	120,658	$	2,216	$	122,874

		Proceeds Obtained During the Nine Months Ended September 30, 2019
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account debt securities:
Mortgage-backed securities - GNMA	$	-	$	247,091	$	-	$	247,091
Mortgage-backed securities - FNMA		-		84,021		-		84,021
Total trading account debt securities	$	-	$	331,112	$	-	$	331,112
Mortgage servicing rights	$	-	$	-	$	6,028	$	6,028
Total	$	-	$	331,112	$	6,028	$	337,140

Schedule Of Servicing Assets At Fair Value Text Block

Residential MSRs
(In thousands)		September 30, 2020		September 30, 2019
Fair value at beginning of period		$	150,906	$	169,777
Additions			6,006		6,728
Changes due to payments on loans[1]			(8,427)		(8,449)
Reduction due to loan repurchases			(9,679)		(1,411)
Changes in fair value due to changes in valuation model inputs or assumptions			(15,278)		(15,993)
Other disposals			24		-
Fair value at end of period		$	123,552	$	150,652
[1]	Represents changes due to collection / realization of expected cash flows over time.

Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block

	Quarters ended										Nine months ended
	September 30, 2020					September 30, 2019					September 30, 2020					September 30, 2019
	BPPR		PB			BPPR		PB			BPPR		PB			BPPR		PB
Prepayment speed	9.5	%	21.8	%		6.8	%	-	%		7.1	%	22.1	%		6.9	%	-	%
Weighted average life (in years)	7.3		3.6			9.6		-			8.9		3.5			9.6		-
Discount rate (annual rate)	10.9	%	10.8	%		10.8	%	-	%		10.8	%	10.4	%		10.9	%	-	%

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

		Originated MSRs						Purchased MSRs
		September 30,			December 31,			September 30,			December 31,
(In thousands)		2020			2019			2020			2019
Fair value of servicing rights		$	47,684		$	58,842		$	75,868		$	92,064
Weighted average life (in years)			6.3			6.7			5.9			6.3
Weighted average prepayment speed (annual rate)			6.4	%		5.7	%		7.1	%		6.2	%
	Impact on fair value of 10% adverse change	$	(1,268)		$	(1,303)		$	(2,397)		$	(2,306)
	Impact on fair value of 20% adverse change	$	(2,494)		$	(2,568)		$	(4,683)		$	(4,525)
Weighted average discount rate (annual rate)			11.4	%		11.4	%		11.1	%		11.0	%
	Impact on fair value of 10% adverse change	$	(1,946)		$	(2,381)		$	(3,022)		$	(3,603)
	Impact on fair value of 20% adverse change	$	(3,764)		$	(4,596)		$	(5,845)		$	(6,959)

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- Definition

Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Table Text Block]

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- Definition

Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
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Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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