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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Information about the Reportable Segments

The following table presents information about the reportable segments:
(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
For the quarter ended June 30, 2019:
Interest income	$	30,545		$	52,801		$	38,110		$	15,633		$	24,964		$	7,457		$	169,510
Net (charge) credit for transfer of funds		(13,234)			18,524			(15,571)			11,742			(1,461)			-			-
Interest expense		-			(9,109)			-			(9,513)			(7,361)			(981)			(26,964)
Net interest income		17,311			62,216			22,539			17,862			16,142			6,476			142,546
(Provision) releases for loan and lease losses		(695)			(8,383)			(1,474)			-			(1,938)			(44)			(12,534)
Non-interest income		4,249			12,526			2,297			72			769			2,310			22,223
Direct non-interest expenses		(9,561)			(28,847)			(9,212)			(568)			(8,783)			(7,245)			(64,216)
Segment income	$	11,304		$	37,512		$	14,150		$	17,366		$	6,190		$	1,497		$	88,019
Average earnings assets	$	2,184,350		$	1,907,785		$	2,549,429		$	2,426,182		$	1,940,305		$	471,159		$	11,479,210
(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
For the quarter ended June 30, 2018:
Interest income	$	31,860		$	44,050		$	35,274		$	15,428		$	20,880		$	8,141		$	155,633
Net (charge) credit for transfer of funds		(11,758)			18,064			(14,831)			8,705			(180)			-			-
Interest expense		-			(6,976)			-			(11,690)			(5,647)			(849)			(25,162)
Net interest income		20,102			55,138			20,443			12,443			15,053			7,292			130,471
(Provision) release for loan and lease losses		(4,258)			(12,703)			(2,260)			-			(1,597)			1,282			(19,536)
Non-interest income		4,666			11,251			2,211			71			460			1,813			20,472
Direct non-interest expenses		(10,471)			(29,062)			(8,085)			(951)			(8,533)			(7,408)			(64,510)
Segment income	$	10,039		$	24,624		$	12,309		$	11,563		$	5,383		$	2,979		$	66,897
Average earnings assets	$	2,269,640		$	1,584,114		$	2,551,130		$	2,692,677		$	1,742,522		$	541,624		$	11,381,707

(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
Six-Month Period Ended June 30, 2019
Interest income	$	61,402		$	102,776		$	75,497		$	31,882		$	49,121		$	15,304		$	335,982
Net (charge) credit for transfer of funds		(26,342)			38,186			(32,025)			22,992			(2,811)			-			-
Interest expense		-			(17,212)			-			(20,217)			(13,959)			(1,867)			(53,255)
Net interest income		35,060			123,750			43,472			34,657			32,351			13,437			282,727
Provision for loan and lease losses		(7,107)			(17,795)			6,576			-			(6,302)			274			(24,354)
Non-interest income		7,855			26,533			4,815			146			1,302			4,115			44,766
Direct non-interest expenses		(18,042)			(58,251)			(18,201)			(1,291)			(17,145)			(14,985)			(127,915)
Segment income	$	17,766		$	74,237		$	36,662		$	33,512		$	10,206		$	2,841		$	175,224
Average earnings assets	$	2,203,670		$	1,866,243		$	2,521,438		$	2,404,052		$	1,921,642		$	472,030		$	11,389,075
(In thousands)	Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
Six-Month Period Ended June 30, 2018
Interest income	$	64,181		$	86,600		$	67,611		$	29,682		$	40,407		$	16,570		$	305,051
Net (charge) credit for transfer of funds		(22,874)			33,286			(28,248)			18,679			(843)			-			-
Interest expense		-			(13,699)			-			(23,400)			(11,119)			(1,669)			(49,887)
Net interest income		41,307			106,187			39,363			24,961			28,445			14,901			255,164
Provision for loan and lease losses		(4,639)			(18,496)			(9,060)			-			(3,056)			(4,829)			(40,080)
Non-interest income		8,750			23,181			3,470			2,449			1,868			3,538			43,256
Direct non-interest expenses		(18,191)			(55,963)			(14,799)			(1,899)			(16,489)			(15,030)			(122,371)
Segment income (loss)	$	27,227		$	54,909		$	18,974		$	25,511		$	10,768		$	(1,420)		$	135,969
Average earnings assets	$	2,280,770		$	1,579,773		$	2,578,498		$	2,585,641		$	1,726,310		$	556,340		$	11,307,332

Reconciliation of the Reportable Segment Financial Information

The following table presents a reconciliation of the reportable segment financial information to the consolidated totals:
			Quarter Ended						Six-Month Period Ended
			June 30,						June 30,
			2019			2018			2019			2018
Net income :
Total income for segments and other			$	88,019		$	66,897		$	175,224		$	135,969
Other operating expenses (1)				(28,721)			(25,706)			(54,994)			(53,872)
Income before income taxes				59,298			41,191			120,230			82,097
Income tax expense				18,011			10,159			35,629			17,917
Total consolidated net income			$	41,287		$	31,032		$	84,601		$	64,180
Average assets:
Total average earning assets for segments			$	11,479,210		$	11,381,707		$	11,389,075		$	11,307,332
Average non-earning assets				969,286			963,752			977,577			943,828
Total consolidated average assets			$	12,448,496		$	12,345,459		$	12,366,652		$	12,251,160
(1) Expenses pertaining to corporate administrative functions that support the operating segment, but are not specifically attributable to or managed by any segment are not included in the reported financial results of the operating segments. The unallocated corporate expenses include certain general and administrative expenses and related depreciation and amortization expenses.

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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