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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Information about the Reportable Segments [Table Text Block]

The following table presents information about the reportable segments for the indicated periods:
(In thousands)		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate Banking			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
For the Quarter Ended September 30, 2021:
Interest income		$	35,722		$	68,883		$	48,558		$	19,342		$	20,847		$	6,820		$	200,172
Net (charge) credit for transfer of funds			(9,187)			13,094			(2,200)			(909)			(798)			-			-
Interest expense			-			(6,634)			-			(5,677)			(2,794)			(324)			(15,429)
Net interest income			26,535			75,343			46,358			12,756			17,255			6,496			184,743
Provision for credit losses - (benefit) expense			(10,210)			6,532			(8,332)			(9)			(1,158)			1,095			(12,082)
Non-interest income			5,921			17,544			3,894			61			965			1,561			29,946
Direct non-interest expenses			6,792			40,130			7,916			803			8,343			7,120			71,104
	Segment income (loss)	$	35,874		$	46,225		$	50,668		$	12,023		$	11,035		$	(158)		$	155,667
Average earnings assets		$	2,446,111		$	2,590,938		$	3,655,172		$	8,751,623		$	2,177,681		$	425,872		$	20,047,397
(In thousands)		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate Banking			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
For the Quarter Ended September 30, 2020:
Interest income		$	32,293		$	60,157		$	37,571		$	12,572		$	20,427		$	7,382		$	170,402
Net (charge) credit for transfer of funds			(11,627)			3,514			(1,768)			11,972			(2,091)			-			-
Interest expense			-			(9,348)			-			(5,967)			(5,418)			(973)			(21,706)
Net interest income			20,666			54,323			35,803			18,577			12,918			6,409			148,696
Provision for credit losses expense			11,614			12,404			19,139			-			1,679			2,078			46,914
Non-interest income			6,756			12,315			2,838			5,457			1,058			1,510			29,934
Direct non-interest expenses			7,659			32,035			6,251			717			8,387			7,231			62,280
	Segment income (loss)	$	8,149		$	22,199		$	13,251		$	23,317		$	3,910		$	(1,390)		$	69,436
Average earnings assets		$	2,243,345		$	2,197,601		$	3,064,272		$	4,725,125		$	2,061,596		$	466,315		$	14,758,254

(In thousands)		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate Banking			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
Nine-Month Period Ended September 30, 2021
Interest income		$	109,727		$	200,853		$	153,849		$	48,812		$	61,830		$	21,202		$	596,273
Net (charge) credit for transfer of funds			(31,621)			20,050			(7,012)			22,216			(3,633)			-			-
Interest expense			-			(22,326)			-			(17,650)			(9,513)			(993)			(50,482)
Net interest income			78,106			198,577			146,837			53,378			48,684			20,209			545,791
Provision for credit losses - (benefit) expense			(9,966)			11,285			(53,263)			(136)			(535)			(874)			(53,489)
Non-interest income			19,174			51,513			11,930			202			3,008			4,959			90,786
Direct non-interest expenses			22,314			124,476			27,752			3,164			25,740			21,826			225,272
	Segment income	$	84,932		$	114,329		$	184,278		$	50,552		$	26,487		$	4,216		$	464,794
Average earnings assets		$	2,555,476		$	2,508,777		$	3,855,854		$	7,535,752		$	2,120,144		$	438,024		$	19,014,027
(In thousands)		Mortgage Banking			Consumer (Retail) Banking			Commercial and Corporate Banking			Treasury and Investments			United States Operations			Virgin Islands Operations			Total
Nine-Month Period Ended September 30, 2020
Interest income		$	89,353		$	174,848		$	102,225		$	41,631		$	63,754		$	22,471		$	494,282
Net (charge) credit for transfer of funds			(34,176)			19,485			(15,594)			34,441			(4,156)			-			-
Interest expense			-			(28,724)			-			(20,523)			(19,659)			(2,821)			(71,727)
Net interest income			55,177			165,609			86,631			55,549			39,939			19,650			422,555
Provision for credit losses - expense			29,491			56,254			51,844			2,765			15,944			6,996			163,294
Non-interest income			14,843			36,634			7,673			13,777			2,534			5,565			81,026
Direct non-interest expenses			22,647			89,659			19,688			2,133			25,221			21,970			181,318
	Segment income (loss)	$	17,882		$	56,330		$	22,772		$	64,428		$	1,308		$	(3,751)		$	158,969
Average earnings assets		$	2,076,419		$	2,141,329		$	2,684,803		$	3,690,782		$	2,025,482		$	460,217		$	13,079,032

Reconciliation of the Reportable Segment Financial Information [Table Text Block]

The following table presents a reconciliation of the reportable segment financial information to the consolidated totals for the indicated periods:
			Quarter Ended						Nine-Month Period Ended
			September 30,						September 30,
			2021			2020			2021			2020
Net income :
	Total income for segments		$	155,667		$	69,436		$	464,794		$	158,969
	Other operating expenses (1)			42,932			45,228			152,237			108,160
	Income before income taxes			112,735			24,208			312,557			50,809
	Income tax expense (benefit)			37,057			(4,405)			105,171			(1,326)
		Total consolidated net income	$	75,678		$	28,613		$	207,386		$	52,135
Average assets:
	Total average earning assets for segments		$	20,047,397		$	14,758,254		$	19,014,027		$	13,079,032
	Average non-earning assets			1,024,385			1,047,401			1,105,223			975,744
		Total consolidated average assets	$	21,071,782		$	15,805,655		$	20,119,250		$	14,054,776
(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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