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BUSINESS COMBINATION (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the purchase price consideration and estimated fair values of assets acquired and liabilities assumed from BSPR as of September 1, 2020 under the acquisition method of accounting:
| Fair Value as Originally Recorded |  | Measurement Period Adjustments |  | Fair Value as Remeasured
Total purchase price consideration | $ | 1,277,626 |  | $ | 3,382 |  | $ | 1,281,008
Fair value of assets acquired: |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,684,252 |  | $ | - |  | $ | 1,684,252
Investment securities |  | 1,167,225 |  |  | - |  |  | 1,167,225
Loans: |  |  |  |  |  |  |  |
Residential mortgage loans |  | 807,637 |  |  | 540 |  |  | 808,177
Commercial mortgage loans |  | 740,919 |  |  | 122 |  |  | 741,041
Commercial and Industrial (“C&I”) loans |  | 752,154 |  |  | (390) |  |  | 751,764
Consumer loans |  | 214,206 |  |  | (488) |  |  | 213,718
Loans, net |  | 2,514,916 |  |  | (216) |  |  | 2,514,700
Premises and equipment, net |  | 12,499 |  |  | - |  |  | 12,499
Intangible assets |  | 39,232 |  |  | 448 |  |  | 39,680
Other assets |  | 144,008 |  |  | (195) |  |  | 143,813
Total assets and identifiable intangible assets acquired |  | 5,562,132 |  |  | 37 |  |  | 5,562,169
Fair value of liabilities assumed: |  |  |  |  |  |  |  |
Deposits | $ | 4,194,940 |  | $ | - |  | $ | 4,194,940
Other liabilities |  | 95,869 |  |  | 865 |  |  | 96,734
Total liabilities assumed |  | 4,290,809 |  |  | 865 |  |  | 4,291,674
Fair value of net assets and identifiable intangible assets acquired |  | 1,271,323 |  |  | (828) |  |  | 1,270,495
Goodwill | $ | 6,303 |  | $ | 4,210 |  | $ | 10,513

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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