XML 73 R62.htm IDEA: XBRL DOCUMENT

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation Of Revenue Table [TextBlock]

The following table summarizes the Corporation’s revenue, which includes net interest income on financial instruments and non-interest income, disaggregated by type of service and business segment for the quarters and nine-month periods ended September 30, 2021 and 2020:

(In thousands)		Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
Quarter Ended September 30, 2021:
Net interest income (1)		$	26,535	$	75,343	$	46,358	$	12,756	$	17,255	$	6,496	$	184,743
Service charges and fees on deposit accounts			-		5,076		2,855		-		128		631		8,690
Insurance commissions			-		2,183		-		-		25		109		2,317
Merchant-related income			-		1,878		263		-		14		266		2,421
Credit and debit card fees			-		6,897		22		-		-		394		7,313
Other service charges and fees			211		1,018		715		-		462		150		2,556
Not in scope of ASC Topic 606 (1)			5,710		492		39		61		336		11		6,649
	Total non-interest income		5,921		17,544		3,894		61		965		1,561		29,946
Total Revenue		$	32,456	$	92,887	$	50,252	$	12,817	$	18,220	$	8,057	$	214,689

(In thousands)		Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
Quarter Ended September 30, 2020:
Net interest income (1)		$	20,666	$	54,323	$	35,803	$	18,577	$	12,918	$	6,409	$	148,696
Service charges and fees on deposit accounts			-		3,021		2,044		-		125		658		5,848
Insurance commissions			-		1,377		-		-		5		91		1,473
Merchant-related income			-		1,941		-		-		-		276		2,217
Credit and debit card fees			-		4,778		16		-		(2)		350		5,142
Other service charges and fees			49		846		700		-		537		142		2,274
Not in scope of ASC Topic 606 (1) (2)			6,707		352		78		5,457		393		(7)		12,980
	Total non-interest income		6,756		12,315		2,838		5,457		1,058		1,510		29,934
Total Revenue		$	27,422	$	66,638	$	38,641	$	24,034	$	13,976	$	7,919	$	178,630

(In thousands)		Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
Nine-Month Period Ended September 30, 2021:
Net interest income (1)		$	78,106	$	198,577	$	146,837	$	53,378	$	48,684	$	20,209	$	545,791
Service charges and fees on deposit accounts			-		14,518		8,813		-		412		2,039		25,782
Insurance commissions			-		9,137		-		-		82		555		9,774
Merchant-related income			-		4,710		776		-		39		752		6,277
Credit and debit card fees			-		19,163		62		-		14		1,168		20,407
Other service charges and fees			561		2,729		1,927		-		1,351		438		7,006
Not in scope of ASC Topic 606 (1)			18,613		1,256		352		202		1,110		7		21,540
	Total non-interest income		19,174		51,513		11,930		202		3,008		4,959		90,786
Total Revenue		$	97,280	$	250,090	$	158,767	$	53,580	$	51,692	$	25,168	$	636,577

(In thousands)		Mortgage Banking		Consumer (Retail) Banking		Commercial and Corporate		Treasury and Investments		United States Operations		Virgin Islands Operations		Total
Nine-Month Period Ended September 30, 2020:
Net interest income (1)		$	55,177	$	165,609	$	86,631	$	55,549	$	39,939	$	19,650	$	422,555
Service charges and fees on deposit accounts			-		8,777		5,049		-		416		2,038		16,280
Insurance commissions			-		6,933		-		-		24		479		7,436
Merchant-related income			-		3,535		-		-		-		570		4,105
Credit and debit card fees			-		12,380		45		-		12		1,076		13,513
Other service charges and fees			215		1,882		1,591		89		1,366		1,393		6,536
Not in scope of ASC Topic 606 (1) (2)			14,628		3,127		988		13,688		716		9		33,156
Total non-interest income			14,843		36,634		7,673		13,777		2,534		5,565		81,026
Total Revenue		$	70,020	$	202,243	$	94,304	$	69,326	$	42,473	$	25,215	$	503,581

(1)	Most of the Corporation’s revenue is not within the scope of ASC Topic 606. The guidance explicitly excludes net interest income from financial assets and liabilities, as well as other non-interest income from loans, leases, investment securities and derivative financial instruments.

(2)	For the nine-month period ended September 30, 2020, includes a $5.0 million benefit resulting from the final settlement of the Corporation’s business interruption insurance claim related to lost profits caused by Hurricanes Irma and Maria in 2017. This insurance recovery is presented as part of Other non-interest income in the consolidated statements of income.

	Quarter Ended				Nine-Month Period Ended
	September 30,				September 30,
(In thousands)	2021		2020		2021		2020
Beginning Balance	$	1,989	$	2,314	$	2,151	$	2,476
Less:
Revenue recognized		(433)		(81)		(595)		(243)
Ending balance	$	1,556	$	2,233	$	1,556	$	2,233