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Debt securities held-to-maturity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Investments [Abstract] |
Debt Securities, Held-to-maturity |
|  | At December 31, 2021 |
|  |  |  |  | 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 | $ | 4,240 | $ | 7 | $ | 4,233 | $ | 4 | $ | - | $ | 4,237 | 6.07 | %
| After 1 to 5 years |  | 14,395 |  | 148 |  | 14,247 |  | 149 |  | - |  | 14,396 | 6.23 |
| After 5 to 10 years |  | 11,280 |  | 122 |  | 11,158 |  | 104 |  | - |  | 11,262 | 2.18 |
| After 10 years |  | 43,561 |  | 7,819 |  | 35,742 |  | 11,746 |  | - |  | 47,488 | 1.50 |
Total obligations of Puerto Rico, States and political subdivisions |  | 73,476 |  | 8,096 |  | 65,380 |  | 12,003 |  | - |  | 77,383 | 2.79 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 25 |  | - |  | 25 |  | - |  | - |  | 25 | 6.44 |
Total collateralized mortgage obligations - federal agencies |  | 25 |  | - |  | 25 |  | - |  | - |  | 25 | 6.44 |
Securities in wholly owned statutory business trusts |  |  |  |  |  |  |  |  |  |  |  |  |  |
| After 10 years |  | 5,960 |  | - |  | 5,960 |  | - |  | - |  | 5,960 | 6.33 |
Total securities in wholly owned statutory business trusts |  | 5,960 |  | - |  | 5,960 |  | - |  | - |  | 5,960 | 6.33 |
Total debt securities held-to-maturity | $ | 79,461 | $ | 8,096 | $ | 71,365 | $ | 12,003 | $ | - | $ | 83,368 | 3.06 | %
|  | At December 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 | $ | 3,990 | $ | 50 | $ | 3,940 | $ | 47 | $ | - | $ | 3,987 | 6.05 | %
| After 1 to 5 years |  | 16,030 |  | 710 |  | 15,320 |  | 710 |  | - |  | 16,030 | 6.16 |
| After 5 to 10 years |  | 14,845 |  | 573 |  | 14,272 |  | 295 |  | 23 |  | 14,544 | 2.77 |
| After 10 years |  | 46,164 |  | 8,928 |  | 37,236 |  | 11,501 |  | - |  | 48,737 | 1.58 |
Total obligations of Puerto Rico, States and political subdivisions |  | 81,029 |  | 10,261 |  | 70,768 |  | 12,553 |  | 23 |  | 83,298 | 2.93 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 31 |  | - |  | 31 |  | 1 |  | - |  | 32 | 6.44 |
Total collateralized mortgage obligations - federal agencies |  | 31 |  | - |  | 31 |  | 1 |  | - |  | 32 | 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 |
Total debt securities held-to-maturity | $ | 92,621 | $ | 10,261 | $ | 82,360 | $ | 12,554 | $ | 23 | $ | 94,891 | 3.38 | %
Schedule Of Aggregate Amortized Cost And Fair Value Of HTMs By Contractual Maturity |
(In thousands) |  | Amortized cost |  | Fair value
Within 1 year | $ | 4,240 | $ | 4,237
After 1 to 5 years |  | 14,420 |  | 14,421
After 5 to 10 years |  | 11,280 |  | 11,262
After 10 years |  | 49,521 |  | 53,448
Total debt securities held-to-maturity | $ | 79,461 | $ | 83,368
Debt securities held to maturity credit quality indicator |
|  | At December 31, 2021 | At December 31, 2020
(In thousands) | Securities issued by Puerto Rico municipalities
Watch | $ | 16,345 | $ | 35,315
Pass |  | 13,800 |  | -
Total | $ | 30,145 | $ | 35,315
Debt securities held to maturity allowance for credit loss |
|  | For the year ended December 31,
|  |  | 2021 |  | 2020
(In thousands) |  | Obligations of Puerto Rico, States and political subdivisions
Allowance for credit losses: |  |  |  |
Beginning balance |  | $ | 10,261 | $ | -
Impact of adopting CECL |  |  | - |  | 12,654
Provision for credit losses (benefit) |  |  | (2,165) |  | (2,393)
Securities charged-off |  |  | - |  | -
Recoveries |  |  | - |  | -
Ending balance | $ | 8,096 | $ | 10,261

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