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LOAN PORTFOLIO (Tables) | 12 Months Ended
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Dec. 31, 2017
Loan Portfolio Held for Investment [Table Text Block] |
|  | As of |  | As of
|  | December 31, |  | December 31,
|  | 2017 |  | 2016
(In thousands) |  |  |  |  |
Residential mortgage loans, mainly secured by first mortgages | $ | 3,290,957 |  | $ | 3,296,031
Commercial loans: |  |  |  |  |
Construction loans |  | 111,397 |  |  | 124,951
Commercial mortgage loans |  | 1,614,972 |  |  | 1,568,808
Commercial and Industrial loans (1) |  | 2,083,253 |  |  | 2,180,455
Total commercial loans |  | 3,809,622 |  |  | 3,874,214
Finance leases |  | 257,462 |  |  | 233,335
Consumer loans |  | 1,492,435 |  |  | 1,483,293
Loans held for investment |  | 8,850,476 |  |  | 8,886,873
Allowance for loan and lease losses |  | (231,843) |  |  | (205,603)
Loans held for investment, net | $ | 8,618,633 |  | $ | 8,681,270
(1) | As of December 31, 2017 and 2016, includes $833.5 million and $853.9 million, respectively, of commercial loans that are secured by real estate but are not dependent upon the real estate for repayment.
Loans Held for Investment on Which Accrual of Interest Income had been Discontinued [Table Text Block] |
Loans held for investment on which accrual of interest income had been discontinued were as follows:
|  | As of |  | As of
| December 31, |  | December 31,
|  | 2017 |  | 2016
(In thousands) |  |  |  |  |
Non-performing loans: |  |  |  |  |
Residential mortgage | $ | 178,291 |  | $ | 160,867
Commercial mortgage |  | 156,493 |  |  | 178,696
Commercial and Industrial |  | 85,839 |  |  | 146,599
Construction: |  |  |  |  |
Land |  | 15,026 |  |  | 11,026
Construction-commercial |  | 35,100 |  |  | 36,893
Construction-residential |  | 1,987 |  |  | 1,933
Consumer: |  |  |  |  |
Auto loans |  | 10,211 |  |  | 14,346
Finance leases |  | 1,237 |  |  | 1,335
Other consumer loans |  | 5,370 |  |  | 8,399
Total non-performing loans held for investment (1)(2)(3) | $ | 489,554 |  | $ | 560,094
________________
(1) | Excludes $8.3 million and $8.1 million of non-performing loans held for sale as of December 31, 2017 and 2016, respectively.
(2) | Amount excludes PCI loans with a carrying value of approximately $158.2 million and $165.8 million as of December 31, 2017 and 2016, respectively, primarily mortgage loans acquired from Doral Bank in the first quarter of 2015 and from Doral Financial in the second quarter of 2014, as further discussed below. These loans are not considered non-performing due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using an estimated cash flow analysis.
(3) | Non-performing loans exclude $374.7 million and $384.9 million of TDR loans that are in compliance with the modified terms and in accrual status as of December 31, 2017 and 2016, respectively.
Corporation's Aging of Loans Held for Investment Portfolio [Table Text Block] |
| The Corporation’s aging of the loans held-for-investment portfolio is as follows:
| As of December 31, 2017 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 days or more Past Due (1) |  | Total Past Due |  | Purchased Credit-Impaired Loans |  | Current |  | Total loans held for investment |  | 90 days past due and still accruing (2) (3)
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA and other government-guaranteed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans (2) (3) (4) | $ | - |  | $ | 6,792 |  | $ | 102,815 |  | $ | 109,607 |  | $ | - |  | $ | 29,332 |  | $ | 138,939 |  | $ | 102,815
Other residential mortgage loans (4) |  | - |  |  | 92,502 |  |  | 193,750 |  |  | 286,252 |  |  | 153,991 |  |  | 2,711,775 |  |  | 3,152,018 |  |  | 15,459
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial loans |  | 8,971 |  |  | 576 |  |  | 88,156 |  |  | 97,703 |  |  | - |  |  | 1,985,550 |  |  | 2,083,253 |  |  | 2,317
Commercial mortgage loans (4) |  | - |  |  | 7,525 |  |  | 163,180 |  |  | 170,705 |  |  | 4,183 |  |  | 1,440,084 |  |  | 1,614,972 |  |  | 6,687
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land (4) |  | - |  |  | 124 |  |  | 15,177 |  |  | 15,301 |  |  | - |  |  | 11,630 |  |  | 26,931 |  |  | 151
Construction-commercial |  | - |  |  | - |  |  | 35,100 |  |  | 35,100 |  |  | - |  |  | 41,456 |  |  | 76,556 |  |  | -
Construction-residential |  | - |  |  | 95 |  |  | 1,987 |  |  | 2,082 |  |  | - |  |  | 5,828 |  |  | 7,910 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 57,560 |  |  | 23,783 |  |  | 10,211 |  |  | 91,554 |  |  | - |  |  | 752,777 |  |  | 844,331 |  |  | -
Finance leases |  | 10,549 |  |  | 3,484 |  |  | 1,237 |  |  | 15,270 |  |  | - |  |  | 242,192 |  |  | 257,462 |  |  | -
Other consumer loans |  | 10,776 |  |  | 5,052 |  |  | 9,361 |  |  | 25,189 |  |  | - |  |  | 622,915 |  |  | 648,104 |  |  | 3,991
Total loans held for investment | $ | 87,856 |  | $ | 139,933 |  | $ | 620,974 |  | $ | 848,763 |  | $ | 158,174 |  | $ | 7,843,539 |  | $ | 8,850,476 |  | $ | 131,420
(1) | Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $29.9 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 15 months delinquent, and are no longer accruing interest as of December 31, 2017.
(3) | As of December 31, 2017, includes $62.1 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4) | According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears on two or more monthly payments. FHA/VA government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, and land loans past due 30-59 days as of December 31, 2017 amounted to $6.0 million, $224.0 million, $9.0 million, and $2.5 million, respectively.
| As of December 31, 2016 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 days or more Past Due (1) |  | Total Past Due |  |  | Purchased Credit-Impaired Loans | Current |  | Total loans held for investment |  | 90 days past due and still accruing (2) (3)
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA and other government-guaranteed |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans (2) (3) (4) | $ | - |  | $ | 5,179 |  | $ | 77,052 |  | $ | 82,231 |  | $ | - |  | $ | 44,627 |  | $ | 126,858 |  | $ | 77,052
Other residential mortgage loans (4) |  | - |  |  | 94,004 |  |  | 177,568 |  |  | 271,572 |  |  | 162,676 |  |  | 2,734,925 |  |  | 3,169,173 |  |  | 16,701
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and Industrial loans |  | 14,195 |  |  | 3,724 |  |  | 151,967 |  |  | 169,886 |  |  | - |  |  | 2,010,569 |  |  | 2,180,455 |  |  | 5,368
Commercial mortgage loans (4) |  | - |  |  | 4,534 |  |  | 181,977 |  |  | 186,511 |  |  | 3,142 |  |  | 1,379,155 |  |  | 1,568,808 |  |  | 3,281
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land (4) |  | - |  |  | 436 |  |  | 11,504 |  |  | 11,940 |  |  | - |  |  | 19,826 |  |  | 31,766 |  |  | 478
Construction-commercial |  | - |  |  | - |  |  | 36,893 |  |  | 36,893 |  |  | - |  |  | 40,582 |  |  | 77,475 |  |  | -
Construction-residential (4) |  | - |  |  | - |  |  | 1,933 |  |  | 1,933 |  |  | - |  |  | 13,777 |  |  | 15,710 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 57,142 |  |  | 13,523 |  |  | 14,346 |  |  | 85,011 |  |  | - |  |  | 762,947 |  |  | 847,958 |  |  | -
Finance leases |  | 7,714 |  |  | 1,671 |  |  | 1,335 |  |  | 10,720 |  |  | - |  |  | 222,615 |  |  | 233,335 |  |  | -
Other consumer loans |  | 7,675 |  |  | 5,254 |  |  | 12,328 |  |  | 25,257 |  |  | - |  |  | 610,078 |  |  | 635,335 |  |  | 3,929
Total loans held for investment | $ | 86,726 |  | $ | 128,325 |  | $ | 666,903 |  | $ | 881,954 |  | $ | 165,818 |  | $ | 7,839,101 |  | $ | 8,886,873 |  | $ | 106,809
(1) | Includes non-performing loans and accruing loans that are contractually delinquent 90 days or more (i.e., FHA/VA guaranteed loans and credit cards). Credit card loans continue to accrue finance charges and fees until charged-off at 180 days.
(2) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past-due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. These balances include $29.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 15 months delinquent, and are no longer accruing interest as of December 31, 2016.
(3) | As of December 31, 2016, includes $43.7 million of defaulted loans collateralizing GNMA securities for which the Corporation has an unconditional option (but not an obligation) to repurchase the defaulted loans.
(4) | According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage, commercial mortgage, and construction loans are considered past due when the borrower is in arrears two or more monthly payments. FHA/VA government-guaranteed loans, other residential mortgage loans, commercial mortgage loans, land loans, and construction-residential loans past-due 30-59 days as of December 31, 2016 amounted to $9.9 million, $142.8 million, $4.6 million, $0.7 million, and $0.4 million, respectively.
Corporation's Credit Quality Indicators by Loan [Table Text Block] |
| The Corporation’s credit quality indicators by loan type as of December 31, 2017 and 2016 are summarized below:
|  | Commercial Credit Exposure-Credit Risk Profile based on Creditworthiness Category:
|  | Substandard |  | Doubtful |  | Loss |  | Total Adversely Classified (1) |  | Total Portfolio
| December 31, 2017 |  |  |  |
| (In thousands) |  |
| Commercial Mortgage | $ | 257,503 |  | $ | 4,166 |  | $ | - |  | $ | 261,669 |  | $ | 1,614,972
| Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Land |  | 15,971 |  |  | 490 |  |  | - |  |  | 16,461 |  |  | 26,931
| Construction-commercial |  | 35,100 |  |  | - |  |  | - |  |  | 35,100 |  |  | 76,556
| Construction-residential |  | 1,987 |  |  | - |  |  | - |  |  | 1,987 |  |  | 7,910
| Commercial and Industrial |  | 154,416 |  |  | 3,854 |  |  | 676 |  |  | 158,946 |  |  | 2,083,253
|  | Commercial Credit Exposure-Credit Risk Profile based on Creditworthiness Category:
|  | Substandard |  | Doubtful |  | Loss |  | Total Adversely Classified (1) |  | Total Portfolio
| December 31, 2016 |  |  |  |
| (In thousands) |  |
| Commercial Mortgage | $ | 193,391 |  | $ | 35,416 |  | $ | - |  | $ | 228,807 |  | $ | 1,568,808
| Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Land |  | 19,345 |  |  | - |  |  | - |  |  | 19,345 |  |  | 31,766
| Construction-commercial |  | 36,893 |  |  | - |  |  | - |  |  | 36,893 |  |  | 77,475
| Construction-residential |  | 1,933 |  |  | - |  |  | - |  |  | 1,933 |  |  | 15,710
| Commercial and Industrial |  | 133,599 |  |  | 67,996 |  |  | 784 |  |  | 202,379 |  |  | 2,180,455
(1) | Excludes $8.3 million and $8.1 million of non-performing loans held for sale as of December 31, 2017 and 2016, respectively.
| December 31, 2017 | Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
|  | Residential Real-Estate |  | Consumer
|  | FHA/VA/ Guaranteed (1) |  | Other residential loans |  | Auto |  | Finance Leases |  | Other Consumer
| (In thousands) |  |
| Performing | $ | 138,939 |  | $ | 2,819,736 |  | $ | 834,120 |  | $ | 256,225 |  | $ | 642,734
| Purchased Credit-Impaired (2) |  | - |  |  | 153,991 |  |  | - |  |  | - |  |  | -
| Non-performing |  | - |  |  | 178,291 |  |  | 10,211 |  |  | 1,237 |  |  | 5,370
| Total | $ | 138,939 |  | $ | 3,152,018 |  | $ | 844,331 |  | $ | 257,462 |  | $ | 648,104
(1) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. This balance includes $29.9 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 15 months delinquent, and are no longer accruing interest as of December 31, 2017.
(2) | PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses.
| December 31, 2016 | Consumer Credit Exposure-Credit Risk Profile Based on Payment Activity
|  |  | Residential Real-Estate |  | Consumer
|  | FHA/VA/ Guaranteed (1) |  | Other residential loans |  | Auto |  | Finance Leases |  | Other Consumer
| (In thousands) |  |
| Performing | $ | 126,858 |  | $ | 2,845,630 |  | $ | 833,612 |  | $ | 232,000 |  | $ | 626,936
| Purchased Credit-Impaired (2) |  | - |  |  | 162,676 |  |  | - |  |  | - |  |  | -
| Non-performing |  | - |  |  | 160,867 |  |  | 14,346 |  |  | 1,335 |  |  | 8,399
| Total | $ | 126,858 |  | $ | 3,169,173 |  | $ | 847,958 |  | $ | 233,335 |  | $ | 635,335
(1) | It is the Corporation's policy to report delinquent residential mortgage loans insured by the FHA or guaranteed by the VA as past due loans 90 days and still accruing as opposed to non-performing loans since the principal repayment is insured. This balance includes $29.3 million of residential mortgage loans insured by the FHA or guaranteed by the VA that are over 15 months delinquent, and are no longer accruing interest as of December 31, 2016.
(2) | PCI loans are excluded from non-performing statistics due to the application of the accretion method, under which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses.
Impaired Loans [Table Text Block] |
Impaired Loans |  |  |  |  |  |  |  |  |  |  |
| Recorded Investment |  | Unpaid Principal Balance |  | Related Specific Allowance |  | Average Recorded Investment |  | Interest Income Recognized on Accrual Basis |  | Interest Income Recognized on Cash Basis
(In thousands) |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
With no related specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 116,818 |  |  | 154,048 |  |  | - |  |  | 120,241 |  |  | 2,797 |  |  | 1,267
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 65,100 |  |  | 100,612 |  |  | - |  |  | 86,563 |  |  | 720 |  |  | 277
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 28,292 |  |  | 31,254 |  |  | - |  |  | 28,567 |  |  | 659 |  |  | 17
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 48 |  |  | 49 |  |  | - |  |  | 48 |  |  | - |  |  | 1
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 267 |  |  | 267 |  |  | - |  |  | 290 |  |  | 3 |  |  | -
Finance leases |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Other consumer loans |  | 2,521 |  |  | 3,688 |  |  | - |  |  | 2,745 |  |  | 158 |  |  | 65
| $ | 213,046 |  | $ | 289,918 |  | $ | - |  | $ | 238,454 |  | $ | 4,337 |  | $ | 1,627
With a related specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 316,616 |  |  | 349,284 |  |  | 22,086 |  |  | 318,606 |  |  | 14,519 |  |  | 1,211
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 87,814 |  |  | 124,084 |  |  | 9,783 |  |  | 93,720 |  |  | 1,263 |  |  | 113
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 90,008 |  |  | 112,005 |  |  | 12,359 |  |  | 92,666 |  |  | 788 |  |  | 386
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 11,865 |  |  | 19,973 |  |  | 1,402 |  |  | 14,126 |  |  | 372 |  |  | 37
Construction-commercial |  | 35,101 |  |  | 38,595 |  |  | 560 |  |  | 35,996 |  |  | - |  |  | -
Construction-residential |  | 252 |  |  | 355 |  |  | 55 |  |  | 252 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 22,338 |  |  | 22,338 |  |  | 3,665 |  |  | 24,328 |  |  | 1,778 |  |  | -
Finance leases |  | 2,184 |  |  | 2,184 |  |  | 104 |  |  | 2,428 |  |  | 168 |  |  | -
Other consumer loans |  | 11,084 |  |  | 11,830 |  |  | 1,396 |  |  | 11,579 |  |  | 1,018 |  |  | 79
| $ | 577,262 |  | $ | 680,648 |  | $ | 51,410 |  | $ | 593,701 |  | $ | 19,906 |  | $ | 1,826
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 433,434 |  |  | 503,332 |  |  | 22,086 |  |  | 438,847 |  |  | 17,316 |  |  | 2,478
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 152,914 |  |  | 224,696 |  |  | 9,783 |  |  | 180,283 |  |  | 1,983 |  |  | 390
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 118,300 |  |  | 143,259 |  |  | 12,359 |  |  | 121,233 |  |  | 1,447 |  |  | 403
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 11,913 |  |  | 20,022 |  |  | 1,402 |  |  | 14,174 |  |  | 372 |  |  | 38
Construction-commercial |  | 35,101 |  |  | 38,595 |  |  | 560 |  |  | 35,996 |  |  | - |  |  | -
Construction-residential |  | 252 |  |  | 355 |  |  | 55 |  |  | 252 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 22,605 |  |  | 22,605 |  |  | 3,665 |  |  | 24,618 |  |  | 1,781 |  |  | -
Finance leases |  | 2,184 |  |  | 2,184 |  |  | 104 |  |  | 2,428 |  |  | 168 |  |  | -
Other consumer loans |  | 13,605 |  |  | 15,518 |  |  | 1,396 |  |  | 14,324 |  |  | 1,176 |  |  | 144
| $ | 790,308 |  | $ | 970,566 |  | $ | 51,410 |  | $ | 832,155 |  | $ | 24,243 |  | $ | 3,453
| Recorded Investment |  | Unpaid Principal Balance |  | Related Specific Allowance |  | Average Recorded Investment |  | Interest Income Recognized Accrual Basis |  | Interest Income Recognized Cash Basis
(In thousands) |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
With no related specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 67,996 |  |  | 82,602 |  |  | - |  |  | 71,003 |  |  | 741 |  |  | 731
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 72,620 |  |  | 91,685 |  |  | - |  |  | 80,713 |  |  | 940 |  |  | 550
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 14,656 |  |  | 24,642 |  |  | - |  |  | 17,209 |  |  | 42 |  |  | -
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 180 |  |  | 233 |  |  | - |  |  | 212 |  |  | 2 |  |  | 2
Construction-commercial |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction-residential |  | 956 |  |  | 1,531 |  |  | - |  |  | 956 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 599 |  |  | 599 |  |  | - |  |  | 615 |  |  | 7 |  |  | -
Finance leases |  | 94 |  |  | 94 |  |  | - |  |  | 95 |  |  | 1 |  |  | -
Other consumer loans |  | 4,516 |  |  | 5,876 |  |  | - |  |  | 4,696 |  |  | 233 |  |  | 106
| $ | 161,617 |  | $ | 207,262 |  | $ | - |  | $ | 175,499 |  | $ | 1,966 |  | $ | 1,389
With a related specific allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 374,271 |  |  | 423,648 |  |  | 8,633 |  |  | 380,273 |  |  | 17,751 |  |  | 1,503
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 121,771 |  |  | 133,883 |  |  | 26,172 |  |  | 122,609 |  |  | 463 |  |  | 173
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 138,887 |  |  | 165,399 |  |  | 22,638 |  |  | 149,153 |  |  | 589 |  |  | 1,287
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 14,870 |  |  | 19,918 |  |  | 947 |  |  | 15,589 |  |  | 168 |  |  | 49
Construction-commercial |  | 36,893 |  |  | 38,721 |  |  | 324 |  |  | 38,191 |  |  | - |  |  | -
Construction-residential |  | 392 |  |  | 551 |  |  | 134 |  |  | 392 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 24,276 |  |  | 24,276 |  |  | 3,717 |  |  | 26,562 |  |  | 1,813 |  |  | -
Finance leases |  | 2,553 |  |  | 2,553 |  |  | 71 |  |  | 2,751 |  |  | 202 |  |  | -
Other consumer loans |  | 12,375 |  |  | 12,734 |  |  | 1,785 |  |  | 13,322 |  |  | 1,143 |  |  | 48
| $ | 726,288 |  | $ | 821,683 |  | $ | 64,421 |  | $ | 748,842 |  | $ | 22,129 |  | $ | 3,060
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHA/VA-Guaranteed loans | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Other residential mortgage loans |  | 442,267 |  |  | 506,250 |  |  | 8,633 |  |  | 451,276 |  |  | 18,492 |  |  | 2,234
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial mortgage loans |  | 194,391 |  |  | 225,568 |  |  | 26,172 |  |  | 203,322 |  |  | 1,403 |  |  | 723
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
loans |  | 153,543 |  |  | 190,041 |  |  | 22,638 |  |  | 166,362 |  |  | 631 |  |  | 1,287
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  | 15,050 |  |  | 20,151 |  |  | 947 |  |  | 15,801 |  |  | 170 |  |  | 51
Construction-commercial |  | 36,893 |  |  | 38,721 |  |  | 324 |  |  | 38,191 |  |  | - |  |  | -
Construction-residential |  | 1,348 |  |  | 2,082 |  |  | 134 |  |  | 1,348 |  |  | - |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto loans |  | 24,875 |  |  | 24,875 |  |  | 3,717 |  |  | 27,177 |  |  | 1,820 |  |  | -
Finance leases |  | 2,647 |  |  | 2,647 |  |  | 71 |  |  | 2,846 |  |  | 203 |  |  | -
Other consumer loans |  | 16,891 |  |  | 18,610 |  |  | 1,785 |  |  | 18,018 |  |  | 1,376 |  |  | 154
| $ | 887,905 |  | $ | 1,028,945 |  | $ | 64,421 |  | $ | 924,341 |  | $ | 24,095 |  | $ | 4,449
Activity for Impaired loans [Table Text Block] |
| The following tables show the activity for impaired loans and the related specific reserve for 2017, 2016 and 2015: |  |  |
|  | 2017 |  | 2016 |  | 2015
(In thousands) |  |  |  |  |  |  |  |
Impaired Loans: |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 887,905 |  | $ | 806,509 |  | $ | 945,407
Loans determined impaired during the year |  | 140,977 |  |  | 288,202 |  |  | 160,837
Charge-offs (1) |  | (82,113) |  |  | (67,210) |  |  | (99,023)
Loans sold, net of charge-offs |  | (53,245) |  |  | (8,675) |  |  | (67,836)
Reclassification from loans held for sale |  | - |  |  | - |  |  | 40,005
Increases to existing impaired loans |  | 8,292 |  |  | 3,236 |  |  | 3,340
Foreclosures |  | (37,513) |  |  | (36,161) |  |  | (57,728)
Loans no longer considered impaired |  | (3,526) |  |  | (27,643) |  |  | (46,489)
Paid in full or partial payments |  | (70,469) |  |  | (70,353) |  |  | (72,004)
Balance at end of year | $ | 790,308 |  | $ | 887,905 |  | $ | 806,509
(1) | For the year ended December 31, 2017, includes a charge-off of $10.7 million related to the sale of the PREPA credit line, as further discussed below. For the year ended December 31, 2016, includes $4.2 million of charge-offs related to impaired loans included in a sale of a $16.3 million pool of non-performing assets and, for the year ended December 31, 2015, includes $63.9 million of charge-offs related to a bulk sales of assets, as further discussed below.
Activity for Specific Reserve [Table Text Block] |
(In thousands) | 2017 |  | 2016 |  | 2015
Specific Reserve: |  |  |  |  |  |  |  |
Balance at beginning of year | $ | 64,421 |  | $ | 52,581 |  | $ | 55,205
Provision for loan losses |  | 68,375 |  |  | 78,695 |  |  | 91,515
Net charge-offs |  | (81,386) |  |  | (66,855) |  |  | (94,139)
Balance at end of year | $ | 51,410 |  | $ | 64,421 |  | $ | 52,581
Carrying Value Of Purchased Credit Impaired Loans |
The carrying amount of PCI loans follows:
|  |  | As of |  |  | As of
|  | December 31, |  |  | December 31,
|  | 2017 |  |  | 2016
(In thousands) |
Residential mortgage loans | $ | 153,991 |  | $ | 162,676
Commercial mortgage loans |  | 4,183 |  |  | 3,142
Total PCI loans | $ | 158,174 |  | $ | 165,818
Allowance for loan losses |  |  | (11,251) |  |  | (6,857)
Total PCI loans, net of allowance for loan losses | $ | 146,923 |  | $ | 158,961
Accretable Yield [Table Text Block] |
Changes in the accretable yield of PCI loans for the years ended December 31, 2017 and 2016 were as follows:
|  | December 31, 2017 |  | December 31, 2016
(In thousands) |  |  |  |  |
Balance at beginning of year | $ | 116,462 |  | $ | 118,385
Accretion recognized in earnings |  | (10,810) |  |  | (11,533)
Reclassification (to) from non-accretable |  | (1,970) |  |  | 9,610
Balance at end of period | $ | 103,682 |  | $ | 116,462
Selected Information on TDRs Includes Recorded Investment by Loan Class and Modification Type [Table Text Block] |
| Selected information on TDR loans that includes the recorded investment by loan class and modification type is summarized in the following tables. This information reflects all TDRs:
|  | As of December 31, 2017
|  | Interest rate below market |  | Maturity or term extension |  | Combination of reduction in interest rate and extension of maturity |  | Forgiveness of principal and/or interest |  | Forbearance Agreement |  |  | Other (1) |  | Total
| (In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-FHA/VA Residential Mortgage loans | $ | 25,964 |  | $ | 8,318 |  | $ | 267,578 |  | $ | - |  | $ | - |  |  | $ | 62,070 |  | $ | 363,930
| Commercial Mortgage loans |  | 6,563 |  |  | 2,094 |  |  | 31,870 |  |  | - |  |  | - |  |  |  | 10,285 |  |  | 50,812
| Commercial and Industrial loans |  | 2,510 |  |  | 20,648 |  |  | 16,049 |  |  | - |  |  | 6,623 |  |  |  | 48,282 |  |  | 94,112
| Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Land |  | 18 |  |  | 3,941 |  |  | 2,186 |  |  | - |  |  | - |  |  |  | 331 |  |  | 6,476
| Construction-commercial |  | - |  |  | - |  |  | - |  |  | 35,100 |  |  | - |  |  |  | - |  |  | 35,100
| Construction-residential |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 217 |  |  | 217
| Consumer loans - Auto |  | - |  |  | 1,347 |  |  | 14,233 |  |  | - |  |  | - |  |  |  | 7,025 |  |  | 22,605
| Finance Leases |  | - |  |  | 238 |  |  | 1,946 |  |  | - |  |  | - |  |  |  | - |  |  | 2,184
| Consumer loans - Other |  | 892 |  |  | 2,097 |  |  | 6,891 |  |  | 217 |  |  | - |  |  |  | 1,686 |  |  | 11,783
| Total Troubled Debt Restructurings | $ | 35,947 |  | $ | 38,683 |  | $ | 340,753 |  | $ | 35,317 |  | $ | 6,623 |  |  | $ | 129,896 |  | $ | 587,219
(1) | Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table.
|  | As of December 31, 2016
|  | Interest rate below market |  | Maturity or term extension |  | Combination of reduction in interest rate and extension of maturity |  | Forgiveness of principal and/or interest |  | Other (1) |  | Total
| (In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-FHA/VA Residential Mortgage loans | $ | 29,254 |  | $ | 8,373 |  | $ | 280,588 |  | $ | - |  | $ | 57,594 |  | $ | 375,809
| Commercial Mortgage loans |  | 6,044 |  |  | 2,007 |  |  | 30,005 |  |  | - |  |  | 10,686 |  |  | 48,742
| Commercial and Industrial loans |  | 2,111 |  |  | 66,830 |  |  | 16,359 |  |  | 863 |  |  | 47,358 |  |  | 133,521
| Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Land |  | - |  |  | 6,735 |  |  | 2,219 |  |  | - |  |  | 408 |  |  | 9,362
| Construction-commercial |  | - |  |  | - |  |  | - |  |  | 36,893 |  |  | - |  |  | 36,893
| Construction-residential |  | - |  |  | - |  |  | - |  |  | - |  |  | 357 |  |  | 357
| Consumer loans - Auto |  | - |  |  | 1,706 |  |  | 14,698 |  |  | - |  |  | 8,471 |  |  | 24,875
| Finance Leases |  | - |  |  | 366 |  |  | 2,281 |  |  | - |  |  | - |  |  | 2,647
| Consumer loans - Other |  | 236 |  |  | 2,518 |  |  | 9,662 |  |  | 299 |  |  | 2,127 |  |  | 14,842
| Total Troubled Debt Restructurings | $ | 37,645 |  | $ | 88,535 |  | $ | 355,812 |  | $ | 38,055 |  | $ | 127,001 |  | $ | 647,048
(1) | Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table.
|  | As of December 31, 2015
|  | Interest rate below market |  | Maturity or term extension |  | Combination of reduction in interest rate and extension of maturity |  | Forgiveness of principal and/or interest |  | Other (1) |  | Total
| (In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-FHA/VA Residential Mortgage loans | $ | 29,066 |  | $ | 6,027 |  | $ | 297,310 |  | $ | - |  | $ | 50,269 |  | $ | 382,672
| Commercial Mortgage Loans |  | 4,379 |  |  | 1,244 |  |  | 26,109 |  |  | - |  |  | 12,766 |  |  | 44,498
| Commercial and Industrial Loans |  | 2,163 |  |  | 75,104 |  |  | 27,214 |  |  | 3,027 |  |  | 42,746 |  |  | 150,254
| Construction Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Land |  | - |  |  | 229 |  |  | 2,165 |  |  | - |  |  | 372 |  |  | 2,766
| Construction-Commercial |  | - |  |  | - |  |  | - |  |  | 39,466 |  |  | - |  |  | 39,466
| Construction-Residential |  | - |  |  | - |  |  | 3,046 |  |  | - |  |  | 436 |  |  | 3,482
| Consumer Loans - Auto |  | - |  |  | 2,330 |  |  | 12,388 |  |  | - |  |  | 6,864 |  |  | 21,582
| Finance Leases |  | - |  |  | 621 |  |  | 1,456 |  |  | - |  |  | - |  |  | 2,077
| Consumer Loans - Other |  | 89 |  |  | 1,604 |  |  | 11,026 |  |  | 327 |  |  | 1,748 |  |  | 14,794
| Total Troubled Debt Restructurings | $ | 35,697 |  | $ | 87,159 |  | $ | 380,714 |  | $ | 42,820 |  | $ | 115,201 |  | $ | 661,591
(1) | Other concessions granted by the Corporation include deferral of principal and/or interest payments for a period longer than what would be considered insignificant, payment plans under judicial stipulation, or a combination of the concessions listed in the table.
Corporation's TDR Activity [Table Text Block] |
| The following table presents the Corporation's TDR loans activity: |  |  |
|  | Year Ended |  | Year Ended |  | Year Ended
|  | December 31, 2017 |  | December 31, 2016 |  | December 31, 2015
(In thousands) |  |  |  |  |
Beginning balance of TDRs | $ | 647,048 |  | $ | 661,591 |  | $ | 694,453
New TDRs |  | 93,837 |  |  | 84,942 |  |  | 111,890
Increases to existing TDRs |  | 6,575 |  |  | 3,921 |  |  | 1,018
Charge-offs post-modification(1)(2) |  | (32,963) |  |  | (24,876) |  |  | (64,116)
Sales, net of charge-offs |  | (53,245) |  |  | (3,761) |  |  | (44,048)
Foreclosures |  | (25,059) |  |  | (16,834) |  |  | (39,706)
Removed from the TDR classification |  | - |  |  | (3,031) |  |  | -
Reclassification from loans held for sale (3) |  | - |  |  | - |  |  | 40,005
Paid-off and partial payments |  | (48,974) |  |  | (54,904) |  |  | (37,905)
Ending balance of TDRs | $ | 587,219 |  | $ | 647,048 |  | $ | 661,591
(1) | For the year ended December 31, 2017, includes a $10.7 million charge-off related to the sale of the PREPA credit line.
(2) | For the year ended December 31, 2016, includes $1.3 million of charge-offs related to TDRs included in the sale of the $16.3 million pool of non-performing assets. For the year ended December 31, 2015, includes $45.3 million of charge-offs related to TDRs included in the bulk sale of assets.
(3) | During the third quarter of 2015, upon the signing of a new agreement with the borrower, the Corporation changed its intent to sell a $40.0 million construction loan in the Virgin Islands. Accordingly, the loan was transferred back from held for sale to held for investment and continues to be classified as a TDR and a non-performing loan.
Breakdown Between Accrual and Nonaccrual Status of TDRs [Table Text Block] |
| The following table provides a breakdown of the TDR loans by those in accrual and nonaccrual status:
|  | As of December 31, 2017
|  | Accrual |  | Nonaccrual (1) |  | Total TDRs
| (In thousands) |  |  |  |  |  |  |  |
| Non-FHA/VA Residential Mortgage loans | $ | 280,729 |  | $ | 83,201 |  | $ | 363,930
| Commercial Mortgage loans |  | 23,329 |  |  | 27,483 |  |  | 50,812
| Commercial and Industrial loans |  | 41,536 |  |  | 52,576 |  |  | 94,112
| Construction loans: |  |  |  |  |  |  |  |
| Land |  | 1,291 |  |  | 5,185 |  |  | 6,476
| Construction-commercial |  | - |  |  | 35,100 |  |  | 35,100
| Construction-residential |  | - |  |  | 217 |  |  | 217
| Consumer loans - Auto |  | 15,548 |  |  | 7,057 |  |  | 22,605
| Finance Leases |  | 1,968 |  |  | 216 |  |  | 2,184
| Consumer loans - Other |  | 10,294 |  |  | 1,489 |  |  | 11,783
| Total Troubled Debt Restructurings | $ | 374,695 |  | $ | 212,524 |  | $ | 587,219
(1) | Included in non-accrual loans are $88.6 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and are deemed fully collectible.
|  | As of December 31, 2016
|  | Accrual |  | Nonaccrual (1) |  | Total TDRs
| (In thousands) |  |  |  |  |  |  |  |
| Non-FHA/VA Residential Mortgage loans | $ | 295,656 |  | $ | 80,153 |  | $ | 375,809
| Commercial Mortgage loans |  | 32,340 |  |  | 16,402 |  |  | 48,742
| Commercial and Industrial loans |  | 18,496 |  |  | 115,025 |  |  | 133,521
| Construction loans: |  |  |  |  |  |  |  |
| Land |  | 7,732 |  |  | 1,630 |  |  | 9,362
| Construction-commercial |  | - |  |  | 36,893 |  |  | 36,893
| Construction-residential |  | - |  |  | 357 |  |  | 357
| Consumer loans - Auto |  | 16,253 |  |  | 8,622 |  |  | 24,875
| Finance Leases |  | 2,542 |  |  | 105 |  |  | 2,647
| Consumer loans - Other |  | 11,868 |  |  | 2,974 |  |  | 14,842
| Total Troubled Debt Restructurings | $ | 384,887 |  | $ | 262,161 |  | $ | 647,048
(1) | Included in non-accrual loans are $110.6 million in loans that are performing under the terms of the restructuring agreement but are reported in non-accrual status until the restructured loans meet the criteria of sustained payment performance under the revised terms for reinstatement to accrual status and are deemed fully collectible.
Schedule Of Troubled Debt Restructurings [Table Text Block] |
| Year ended December 31, 2017
| Number of contracts |  | Pre-modification Outstanding Recorded Investment |  | Post-modification Outstanding Recorded Investment
(In thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA Residential Mortgage loans | 132 |  | $ | 19,484 |  | $ | 19,263
Commercial Mortgage loans | 13 |  |  | 25,722 |  |  | 25,018
Commercial and Industrial loans | 21 |  |  | 39,428 |  |  | 39,338
Construction loans: |  |  |  |  |  |  |
Land | 4 |  |  | 122 |  |  | 125
Consumer loans - Auto | 426 |  |  | 6,451 |  |  | 6,451
Finance Leases | 22 |  |  | 548 |  |  | 548
Consumer loans - Other | 657 |  |  | 3,041 |  |  | 3,094
Total Troubled Debt Restructurings | 1,275 |  | $ | 94,796 |  | $ | 93,837
| Year ended December 31, 2016
| Number of contracts |  | Pre-modification Outstanding Recorded Investment |  | Post-modification Outstanding Recorded Investment
(In thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA Residential Mortgage loans | 209 |  | $ | 30,940 |  | $ | 29,668
Commercial Mortgage loans | 11 |  |  | 5,710 |  |  | 5,739
Commercial and Industrial loans | 25 |  |  | 22,182 |  |  | 22,184
Construction loans: |  |  |  |  |  |  |
Land | 9 |  |  | 6,759 |  |  | 6,756
Consumer loans - Auto | 744 |  |  | 13,141 |  |  | 13,141
Finance Leases | 74 |  |  | 1,878 |  |  | 1,878
Consumer loans - Other | 1,156 |  |  | 5,496 |  |  | 5,576
Total Troubled Debt Restructurings | 2,228 |  | $ | 86,106 |  | $ | 84,942
| Year ended December 31, 2015
| Number of contracts |  | Pre-modification Outstanding Recorded Investment |  | Post-modification Outstanding Recorded Investment
(In thousands) |  |  |  |  |  |  |
Troubled Debt Restructurings: |  |  |  |  |  |  |
Non-FHA/VA Residential Mortgage loans | 408 |  | $ | 67,006 |  | $ | 64,679
Commercial Mortgage loans | 16 |  |  | 22,366 |  |  | 19,914
Commercial and Industrial loans | 5 |  |  | 5,971 |  |  | 5,351
Construction loans: |  |  |  |  |  |  |
Land | 7 |  |  | 603 |  |  | 600
Consumer loans - Auto | 756 |  |  | 12,219 |  |  | 11,985
Finance Leases | 55 |  |  | 1,447 |  |  | 1,250
Consumer loans - Other | 1,338 |  |  | 8,158 |  |  | 8,111
Total Troubled Debt Restructurings | 2,585 |  | $ | 117,770 |  | $ | 111,890
Loan Modifications Considered Troubled Debt Restructurings Defaulted [Table Text Block] |
| Year ended December 31,
| 2017 |  | 2016 |  | 2015
| Number of contracts |  | Recorded Investment |  | Number of contracts |  | Recorded Investment |  | Number of contracts |  | Recorded Investment
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-FHA/VA Residential Mortgage loans | 46 |  | $ | 5,355 |  | 50 |  | $ | 7,673 |  | 69 |  | $ | 10,240
Commercial Mortgage loans | 1 |  |  | 57 |  | - |  |  | - |  | 1 |  |  | 2,179
Commercial and Industrial loans | - |  |  | - |  | - |  |  | - |  | 4 |  |  | 5,745
Consumer loans - Auto | 14 |  |  | 207 |  | 51 |  |  | 764 |  | 13 |  |  | 159
Finance Leases | 1 |  |  | 39 |  | 2 |  |  | 43 |  | 6 |  |  | 185
Consumer loans - Other | 99 |  |  | 387 |  | 119 |  |  | 454 |  | 172 |  |  | 706
Total | 161 |  | $ | 6,045 |  | 222 |  | $ | 8,934 |  | 265 |  | $ | 19,214
Loan Restructuring and Effect on Allowance for Loan and Lease Losses [Table Text Block] |
(In thousands) | December 31, 2017 |  | December 31, 2016 |  | December 31, 2015
Principal balance deemed collectible at end of year | $ | 35,577 |  | $ | 36,971 |  | $ | 39,329
Amount (recovered) charged off | $ | - |  | $ | - |  | $ | -
(Release) charges to the provision for loan losses | $ | (1,294) |  | $ | 4,279 |  | $ | 131
Allowance for loan losses at end of year | $ | 3,846 |  | $ | 5,141 |  | $ | 862
Past Due Purchased Credit Impaired Table [Text Block] |
The following tables present PCI loans by past due status as of December 31, 2017 and 2016:
As of December 31, 2017 | 30-59 Days |  | 60-89 Days |  | 90 days or more |  | Total Past Due |  |  |  |  | Total PCI loans
|  |  |  |  |  |  | Current |
(In thousands) |
Residential mortgage loans | $ | - |  | $ | 16,600 |  | $ | 26,471 |  | $ | 43,071 |  |  | $ | 110,920 |  | $ | 153,991
Commercial mortgage loans |  | - |  |  | 355 |  |  | 2,834 |  |  | 3,189 |  |  |  | 994 |  |  | 4,183
Total (1) | $ | - |  | $ | 16,955 |  | $ | 29,305 |  | $ | 46,260 |  |  | $ | 111,914 |  | $ | 158,174
_____________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days as of December 31, 2017 amounted to $28.1 million and $0.2 million, respectively.
As of December 31, 2016 | 30-59 Days |  | 60-89 Days |  | 90 days or more |  | Total Past Due |  |  |  |  | Total PCI loans
|  |  |  |  |  |  | Current |
(In thousands) |
Residential mortgage loans | $ | - |  | $ | 11,892 |  | $ | 27,849 |  | $ | 39,741 |  |  | $ | 122,935 |  | $ | 162,676
Commercial mortgage loans |  | - |  |  | 355 |  |  | 1,150 |  |  | 1,505 |  |  |  | 1,637 |  |  | 3,142
Total (1) | $ | - |  | $ | 12,247 |  | $ | 28,999 |  | $ | 41,246 |  |  | $ | 124,572 |  | $ | 165,818
_____________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | According to the Corporation's delinquency policy and consistent with the instructions for the preparation of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) required by the Federal Reserve Board, residential mortgage and commercial mortgage loans are considered past due when the borrower is in arrears two or more monthly payments. PCI residential mortgage loans and commercial mortgage loans past due 30-59 days as of December 31, 2016 amounted to $22.3 million and $0.1 million, respectively.
Changes In Carrying Amount Of Purchased Credit Impaired Loans Table [Text Block] |
Changes in the carrying amount of loans accounted for pursuant to ASC 310-30 follows:
|  | Year ended |  | Year ended
|  | December 31, 2017 |  | December 31, 2016
(In thousands) |  |  |  |  |
Balance at beginning of year | $ | 165,818 |  | $ | 173,913
Accretion |  | 10,810 |  |  | 11,533
Collections |  | (15,400) |  |  | (17,184)
Foreclosures |  | (3,054) |  |  | (2,444)
Ending balance | $ | 158,174 |  | $ | 165,818
Allowance for loan losses |  | (11,251) |  |  | (6,857)
Ending balance, net of allowance for loan losses | $ | 146,923 |  | $ | 158,961
Allowance For Credit Losses On Purchased Credit Impaired Loans [Table Text Block] |
Changes in the allowance for loan losses related to PCI loans follows:
|  | Year ended
|  | December 31, 2017 |  | December 31, 2016
Balance at beginning of year | $ | 6,857 |  | $ | 3,962
Provision for loan losses |  | 4,394 |  |  | 2,895
Balance at end of period | $ | 11,251 |  | $ | 6,857

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